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SUEVEY OF CUKRENT BUSINESS

I'art I January 1976

39

NATIONAL INCOME AND PRODUCT TABLES
1974
1974

1975 p

III

1975
IV

I

II

1974
III

IV P

1974

1975 p

III

1975
IV

Seasonally adjusted at annual rates

I

II

III

IV P

Seasonally adjusted at annual rates

Billions of current dollars

Billions of 1972 dollars

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

-

1,406.9 1,499.0 1,424.4 1,441.3 1,433.6 1,460.6 1,528.5 1,573.2 1,210.7 1,186.4 1, 210. 2 1,186.8 1,158.6 1, 168. 1 1,201.5

- -

Durable goods
Nondurable goods
Services

-

-

Change in business inventories
Nonfarm
- . -Farm

- -

-

--

...

926.4

950.3

977.4

998.7

759.8

766.6

767.2

748.9

752.3

764.1

771.6

778.2

127.7
410.0
425.5

128.9
383.9
394.9

117.3
387.1
404.0

118.9
394.1
413.4

123.8
404.8
421.6

131.8
416.4
429.2

136.1
424.8
437.7

112.5
303.0
344.4

109.3
306.9
350.4

116.8
304.7
345.7

102.9
298.9
347.2

104.0
300.8
347.5

106.5
306.9
350.8

112.3
308.0
351.2

114.5
311.8
351. 9

183.3

207.6

210.3

168.7

161.4

194.9

208.3

180.0

138.9

173.2

166.9

129.7

124.1

147.8

153.9

202.5
147.9
54.4
93.5
54.6
52.2
1.0
1.3

197.5
148.7
52.6
96.1
48.8
46.9
.6
1.3

203.1
199.8
151.1
148.1
56.1
54.0
94.1
95.0
1 48.7
55.0 ;
52.7 46.3
.9
1.2
1.4
1.3

193.5
149.3
54.9
94.4
44.2
42.6
.4
1.2

191.1
146.1
51.1
95.0
45.0
43.1
.5
1.3

197.1
146.7
51.2
95.6
50.4
48.2
.8
1.4

208.4
152.7
53.4
99.3
55.7
53.5
.7
1.4

172.2
127.5
42.7
84.9
44.7
42.6
.8
1.3

149.0
112.4
37.1
75.3
36.6
35.0
.4
1.2

169.0
125.0
40.6
84.4
44.1
42.0
.7
1.3

159.3
120.8
40.5
80.3
38.5
36.4
.9
1.2

148.7
115.2
38.9
76.3
33.6
32.3
.3
1.0

144.8
110. 8
36.2
74.7
34.0
32.4
.4
1.1

148.7
110.6
36.2
74.5
38.0
36.2
.6
1.2

153.7
113.0
37.3
75.7
40.7
38.9
.5
1.2

-14.2
-16.1
1.9

-24.8
-23.3
-1.5

-29.6
-29.6
-.1

-2.1
-5.7
3.6

-.2
-5.7
5.5

7.7
8.5
-.8

-10.1
-11.3
1.2

4.2
5.6
-1.4

7.6
9.0
-1.5

-19.0
-17.9
-1.2

-20.7
-20.6
i

-.8
-3.3
2.5

.2
-3.5
3.7

4.4
7.6
-3.2

10.4
13.7
-3.2

7.7

- -

..

..

21.5

3.2

8.2

17.3

24.2

22.1

22.4

16.6

23.5

15.1

17.4

21.5

24.9

23.5

24.3

144.2
136.5

147.3
125.8

148.6
145.5

153.6
145.3

148.2
130.9

140.7
116.4

148.5
126.4

151.9
129.4

97.6
81.0

90.4
66.9

96.9
81.9

95.7
78.3

90.7
69.2

86.8
62.0

90.8
67.3

93.4
69.1

301.1

- -

Government purchases of goods and services
Federal
National defense
Nondefense
State and local _

908.4

9 7
11.6
-1.9

-

Net exports of goods and services
-- -

907.7

212.2

Fixed investment
Nonresidential
Structures
- Producers' durable equipment
Residential
Nonfarm structures
Farm structures - - - Producers' durable equipment

-

963.2

121.9
375.7
388.3

Gross private domestic investment

Exports
Imports

1,217.4

885.9

Personal consumption expenditures

330.9

305.9

314.4

321.2

324.7

334.1

343.8

254.3

257.4

254.7

253.6

255.1

254.9

258.7

261.1

111.7
77.4
34.3
189.4

123.1
84.0
39.2
207.8

113.6
78.4
35.1
192.3

118.2
80.5
37.7
196.3

119.4
81.4
38.0
201.9

119.2
82.1
37.1
205.5

124.2
84.9
39.3
209.9

129.8
87.4
42.3
214.1

95.0

94.2

95.7

94.7

93.7

92.4

94. 9

95.9

159.3

163.2

159.0

158.9

161.4

162.5

163.8

165.2

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

1,406.9 1,499.0 1,424.4 1,441.3 1, 433. 6 1, 460. 6 1,528.5 1,573.2 1,210.7 1, 186. 4 1,210.2 1, 186. 8 1, 158. 6 1, 168. 1 1,201.5

Final sales _.
Change in business inventories
Goods .

.

._

.

1,217.4

1,397.2 1, 513. 2 1, 420. 0 1, 430. 9 1, 458. 4 1, 490. 2 1, 530. 6 1, 573. 4 1, 203. 0 1, 196. 5 1, 206. 0 1, 179. 3 1, 177. 6 1, 188. 7 1, 202. 4
4.4
-.8
9.7 -14.2
10.4 -24.8 -29.6
—.2
4.2
-2.1
7.7 -10.1
7.6 -19.0 -20.7

1,217.2
.2

636.3

677.3

644.6

647.7

635.4

653.9

698.9

720.9

549.9

531.1

552.4

531.9

510.1

518.4

542.7

553. 3

Final sales
Change in business inventories

626.5
9.7

691.5
-14.2

640.2
4.4

637.3
10.4

660.2
-24.8

683.5
-29.6

701.1
-2.1

721.1
-.2

542.2
7.7

541.2
-10.1

548.2
4.2

524.4
7.6

529.2
-19.0

539.0
-20.7

543.5
-.8

553.1
2

Durable goods
Final sales
Change in business inventories. .

246.1
238.5
7.5

251.0
261. 9
-10. 9

251.7
245.8
5.9

254.1
239.3
14.9

229.2
243.8
-14.6

243.3
258.8
-15.5

261.9
267.5
-5.6

269.6
277.4
-7.8

223.5
217.7
5.8

203.7
211.7
-8.0

226.0
221.6
4.4

215.9
205.2
10.7

191.6
203.4
-11.7

198.2
209.7
-11.5

210.7
214.3
-3.7

214.4
219.3
-4.9

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

390.2
388.0
2.2

426.3
429.6
-3.3

393.0
394.4
-1.4

393.6
398.0
-4.4

406.2
416.4
-10.2

410.6
424.7
-14.1

437.0
433.5
3.5

451.3
443.7
7.7

326.5
324.5
1.9

327.4
329.5
-2.1

326.4
326.6
-.2

316.1
319.2
-3.1

318.5
325.8
-7.3

320.2
329.4
-9.2

332.0
329.2
2.8

338.9
333.8
5.1

Services

624.1

680.6

632.5

649.7

659.3

672.0

688.1

702.7

544.7

553.9

545.1

548.1

548. 1

552.5

556.7

558.2

Structures

146.6

14L1

147.2

143. 9

138. 9

134. 6

141.4

149.fi

llfi. 1

101.4

112.7

106.8

100.4

97.2

102.2

106.0

1 406 9 1 499 0 1 424 4 1 441 3 1 433 6 1 460 6 1 528 5 1 573 2 1 210 7 1 186 4 1 210 2 1 186 8 1 158 6 1 168 1 1,201.5

1,217.4

1 392 5 1 488 5 1 410 6 1 426 6 1 424 0 1 450 6 1 516 9 1 562 6 1 203 7 1 181 6 1 204 6 1 180 3 1 154 3 1 163.5 1, 196. 1
1 186 6 1 262 7 1 203 1 1 913 2 1 205 5 1 227 4 1 289 9 1 328 7 1 024 4 997 3 1 024 7 1 000 1 979 1 979 5 1,011.1
1,138 7 1 217 3 1 155 6 1 161 7 1 162 9 1 191 3 1 237 5
965.8 939.6 954.3 977.1
993 5 965 9
991 8
45 i
45 g
45 i
54 4
35 i
36.5
32.3
31 9
35 0
48 5
31 0
50 1
31 5
48 6
55 0
24
—.6
29
—4 6
—3 2
—8 9
—3 2
-7.1 -2.5
2.4
-2.6
2.0
—.5
-3.7

1,212.6

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
Gross domestic product
Business Nonfarm..
_
Farm
Statistical discrepancy
Residual 1
Households and institutions
Government
Federal . _
State and localRest of the world

.. ..

44 8

49 5

45 6

46 5

47 5

50 2

51 6

38 5

39 2

38 8

38 4

38 8

39.2

36.8

39.4

39.5

161 1
54 7
106 4

176 3
58 8
117 4

161 9
54 3
107 6

166 9
56 9
110 0

170 9
57 6
113 3

174 5
58 1
116 4

177 4
58 6
118 8

182 3
61 1
121 2

140 8
47 9
()2 9

145 1
47 8
97 3

141 1
48 0
93 1

141 8
47 9
94 0

143 5
47 9
95.7

144.8
47.8
97.0

145.7
47.8
97.8

146.3
47.7
98.7

14.4

10.5

13 7

14 8

96

10 0

11 6

10 6

7 0

4.8

5.6

6.5

4.3

4.5

5.4

4.9

* Preliminary.
1. Equals GNP in constant dollars measured as the sum of final products less GNP in
constant dollars measured as the sum of gross product by industry.
NOTE.—Final sales is classified as durable or nondurable by type of product. Change in




48 7

1, 026. 8

business inventories is classified as follows: for manufacturing, by the type of product produced by the establishment holding the inventory; for trade, by the type of product sold by the
establishment holding the inventory; for construction, durable; and for other industries,
nondurable.

SUEVEY OF CURRENT BUSINESS

50

Part I January 1976

1. Gross National Product, Net
Table 1.1.—Gross National Product: Annually, 1946-74, and
[Millions of

1946

1947

1948

1949

1950

209, 579

232, 757

259, 079

258, 023

143, 808

161 742

174, 749

178, 135

16, 756
82, 728
45, 324

20, 431
90 879
50, 432

22, 855
96, 582
55,312

_

30,651

33, 952

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

24, 272
16, 768
6,823
9,945
7,504
6,808
519
177
6,379
6,350
29

34,414
22, 889
7,573
15,316
11, 525
10, 527
697
301
—462
1,298
-1,760

Line

I
2
3
4
5
6
7
g
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

Gross national product
Personal consumption expenditures
Durable goods _
Nondurable goods
Services
Gross private domestic investment

1952

1953

1954

1955

1956

1957

286, 172

330, 183

347, 178

366 129

366 306

399 266

420 691

442 755

191, 966

207, 066

217 093

229 665

235 841

253 665

266 007

280 409

25, 047
94, 855
58, 233

30, 754
98, 226
62, 986

29, 814
108, 773
68, 479

29, 148
113,899
74, 046

32, 499
116 530
80, 636

31 840
117 951
86 050

38 621
122 933
92 111

37 887
128 900
99 2?0

39 334
135 154
105 921

45, 855

35, 277

53, 815

59, 180

52, 109

53 349

52 715

68 377

71 022

69 188

41, 147
26, 178
8,898
17, 280
14, 969
13, 766
873
330
4,708
2,976
1,732

38, 352
24, 283
8,551
15, 732
14, 069
12, 933
837
299
—3, 075
-2, 209
-866

47, 026
27, 137
9, 338
17,799
19, 889
18, 729
785
375
6,789
6,000
789

48, 884
31, 140
11,266
19, 874
17, 744
16, 557
816
371
10, 296
9,057
1,239

48, 976
31, 202
11, 508
19, 694
17,774
16, 639
767
368
3 133
2,146
987

52 902
34 301
12,770
21,531
18 601
17, 450
765
386
447
1 068
-621

54 258
33 978
13 166
20, 812
20 280
19, 178
711
391
— 1 543
—2 129
586

62 424
38 317
14 429
23, 888
24 107
23 041
634
432
5 953
5 486
467

66 327
43 720
17 377
26, 343
22 607
21 449
700
458
4 695
5 075
—380

67 853
46 674
18 113
28, 561
21 179
20 043
681
455
1 335
801
534

7, 572

11,610

6,511

6,219

1,898

3,838

2,394

591

1 990

2 218

4 270

6 072

14 811
7,239

19, 837
8,227

16, 882
10,371

15, 859
9,640

13, 914
12,016

18, 932
15, 094

18, 204
15, 810

17 145
16, 554

18 001
16,011

20 045
17 827

23 860
19 590

26 724
20 652

27,548

25,453

31,964

38,392

38,493

60,099

75,582

82,524

75,760

75,006

79,392

87,086

17, 617
14, 789
2,828
9,931

12, 698
9,048
3,650
12, 755

16,700
10, 668
6,032
15,264

20, 410
13, 187
7,223
17, 982

18, 724
13, 995
4,729
19, 769

38, 322
33, 487
4,835
21,777

52, 365
45, 838
6,527
23, 217

57, 530
48, 594
8,936
24, 994

47, 933
41,112
6,821
27, 827

44, 455
38, 446
6,009
30, 551

45 902
40 156
5,746
33 490

49
44
5
37

Net exports of goods and services
Exports
Imports
Government purchases of goods and
services.
Federal
National defense
Nondefense
State and local

1951

.

964
017
947
122

[Billions of
19 47

19 46

Line

I

II

III

IV

I

II

19 48
III

IV

I

II

19<19
III

IV

I

II

III

IV

1

Gross national product

197.4

205.0

215.3

220.4

224.9

229.1

233.3

243.6

249.6

257.1

264.0

265.5

260.1

256.6

258.6

256.5

2

Personal consumption expenditures

134.5

139.6

148.4

152.7

156.0

159.9

163.5

167.6

170.3

174.0

176.9

177.8

176.6

178.2

177.6

180.1

12.6
78.9
43 0

14.7
80.6
44 4

17.1
85.1
46 2

18.7
86.3
47.7

19.4
87.7
48.8

20.0
90.1
49.9

20.3
92.1
51 1

22.0
93.6
52.0

22.0
95.1
53.2

22.4
97.0
54.6

23.7
97.0
56.2

23.3
97.3
57.2

22.8
96.3
57.5

24.8
95.3
58 1

25 8
93.5
58 3

26 8
94.3
59 0

24.5

31.5

32.6

34.0

32.7

31.6

31.8

39.7

43.3

46.1

47.9

46.1

39.3

32.7

35.7

33.4

18.6
13 0
5.6
7.3
5.7

22 7
15 5
69
8.6
7.2
6.5
.5
2
8.8
8.7
.1

26.5
18 2
7 4
10.8
8.3
7.6
.5
2
6.1
5.9
.2

29.3
20.4
7.4
13.0
8.9
8.0
.6

32.3
22.3
7.4
14.9
10.0
9.0
.6
.3
.4
1.5
— 1. 1

32.6
22.6
7.4
15.2
10.0
9.0
.7
.3
—1.0
1.5
—2.5

34.5
22.7
7.7
15.0
11.8
10.7
.7
.3
—2.7
—.3
— 2.4

38.3
23.9
7.8
16.1
14.4
13.3
.8
.3
1.4
2.4
— 1.0

40.0
25.5
8.2
17.3
14.5
13.4
.8
.3
3.3
2.3
1.0

41.0
25.4
8.7
16.7
15.6
14.4
.9
.3
5.1
2.9
2. 2

41.8
26.4
9.3
17.1
15.4
14.2
.9
.3
6.1
3.9
2. 2

41.8
27.4
9.4
18.0
14.4
13.1
.9
.4
4.3
2.8
1. 5

39.3
25.9
9.1
16.8
13.4
12.3
.9
.3
0
.6
—. 6

38.0
24.8
8.7
16.1
13.2
12.1
.8
.3
—5.3
—4.1
— 1. 2

37.4
23.5
8.3
15.2
14.0
12.9
.8
.3
—1.7
—.6
— 1. 1

38.6
23 0
8.1
14.9
15.7
14.6
.8
.3
—5.3
—4.7
—.5

3
4
5
6
7
g
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

Durable goods
Nondurable goods
Services

-

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

5.1
.5
1
5.9
6.0
—.1
6 9

Government purchases of goods and
services.
Federal
National defense
Nondefense
State and local




_

8 9

6.9

11.6

12.1

12.6

10.2

8.3

6.2

6.0

5.6

7.5

7.3

6.2

3.9

14.9
7.2

16.2
7.3

14.5
7.6

19.4
7.8

20.6
8.5

20.5
7.9

18.8
8.7

18.2
9.9

16.6
10.3

16.8
10.8

16.0
10.4

17.5
10.0

17.1
9.8

15.5
9.3

13.3
9.5

31.6

-

7 7

13.7
6.8

Net exports of goods and services
Exports
Imports

9

4.7
4.8
—.1

26.2

25.5

26.9

24.6

25.4

25.5

26.1

27.7

30.7

33.2

36.0

36.7

38.4

39.1

39.2

22 6
20.4
2.2
8.9

16 8
14.4
2.3
9.4

15.3
12.0
3.3
10.2

15.8
12.3
3.5
11.1

12.6
9.4
3.2
12.0

13.1
8.9
4.2
12.4

12.6
8.6
4.0
12.9

12.6
9.3
3.3
13.6

13.7
9.8
3.9
14.0

15.9
10.3
5.6
14.8

17.6
10.6
7.0
15.7

19.7
12.0
7.7
16.3

19.8
12.7
7.0
16.9

20.7
13.4
7.4
17.7

20.7
13.6
7.0
18.5

20.5
13.1
7.4
18.7

SUEVEY OF CURRENT BUSINESS

Part I January 1976

51

National Product, and National Income
Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74
dollars]

1963

1964

563,817

594,738

635, 743

688, 110

752, 996

796,312

868, 465

935,541

982, 419 1, 063, 436 1, 171, 121 1,306,335 1, 406, 911

1

355,217

374,578

400,381

430, 154

464,793

490,358

535,932

579,711

618,796

668, 171

733, 034

808,549

885, 862

2

41, 573
155,286
138, 136

46,703
161, 561
146, 953

51, 432
167, 067
156, 079

56, 320
176, 929
167, 132

62,786
188, 626
178, 742

67, 663
204, 685
192, 445

69, 646
212,593
208, 119

79, 995
230, 359
225, 578

85, 478
247,036
247, 197

84, 931
264, 748
269, 117

97, 087
277, 686
293, 398

111,241
299, 347
322, 446

122, 933
334, 354
351, 262

121,938
375, 664
388, 260

3
4
5

76,444

74,335

85, 188

90,204

96, 604

112,015

124, 477

120,829

131,526

146, 200

140, 814

159,969

188,275

220,472

212, 218

6

72, 685
47, 703
18, 171
29,532
24, 982
23, 869
584
529
3,759
3,471
288

72, 143
47,096
18, 356
28, 740
25, 047
23, 823
703
521
2,192
1,918
274

78,683
51,248
19, 424
31,824
27, 435
26, 250
645
540
6,505
5,766
739

84, 241
53, 596
19, 578
34, 018
30, 645
29, 398
655
592
5,963
5,172
791

90, 806
59, 655
21, 462
38, 193
31,151
29, 851
672
628
5,798
6,388
-590

102,496
71,252
26, 109
45, 143
31, 244
29, 949
608
687
9,519
8,498
1,021

110, 157
81,417
29,237
52, 180
28, 740
27,375
673
692
14, 320
14, 480
-160

110,730
82,083
29, 494
52, 589
28, 647
27,239
697
711
10, 099
9,364
735

123, 821
89, 272
31, 592
57,680
34, 549
33, 089
628
832
7,705
7,601
104

136, 828
98, 949
35, 663
63,286
37, 879
36, 274
745
860
9,372
9,235
137

137, 039
100, 461
37, 661
62,800
36, 578
35, 131
565
882
3,775
3,666
109

153, 615
104, 060
39, 338
64,722
49, 555
47, 896
652
1,007
6,354
5,073
1,281

178, 833
116, 827
42, 543
74, 284
62,006
60,281
664
1,061
9, 442
8,832
610

202, 952
136, 477
48, 964
87,513
66, 475
64, 659
608
1,208
17, 520
14,051
3,469

202, 471
147, 916
54, 406
93, 510
54, 555
52,219
992
1,344
9,747
11,609
-1,862

7
8
9
10
11
12
H
14
15
16
17

1960

1961

1962

486,465

505,978

523,292

310,768

324,903

334, 995

36, 846
139,790
112, 825

42,436
146, 444
121, 888

43, 109
151,115
130, 679

61,916

77,552

63, 407
41, 619
16, 743
24, 876
21,788
20, 662
650
476
-1,491
-2, 339
848

72, 325
45, 297
17, 047
28, 250
27, 028
25, 784
674
570
5,227
5,313
-86

1958

1959

448,881
289,461

1965

1966

1967

1968

1969

1970

1971

1972

1973

1974

Line

2,464

559

4,372

5,806

5,378

6,295

8,948

7,591

5,060

4,937

2,280

1,753

3,946

1,562

-3,293

7,368

7,746

IS

23, 286
20, 822

23, 725
23, 166

27, 595
23, 223

28, 882
23,076

30,607
25, 229

32,709
26, 414

37, 393
28,445

39, 548
31, 957

42, 773
37,713

45, 561
40, 624

49, 933
47, 653

54, 699
52, 946

62, 468
58, 522

65, 595
64,033.

72, 656
75, 949

101,519
94, 151

144, 224
136, 478

IS
2C

95, 040

97, 586

100,259

108, 156

118,034

123, 661

129, 810

138,350

158, 666

180, 188

198,727

207,877

218, 863

233, 734

253, 105

269, 946

301,085

21

53, 904
45, 565
8,339
41, 136

53, 890
45, 597
8,293
43, 696

57, 370
46, 995
10, 375
50, 786

63, 738
51, 052
12, 686
54, 296

64, 631
50, 296
14, 335
59, 030

65, 218
49, 048
16, 170
64,592

78, 833
60,330
18, 503
79, 833

90, 924
71, 462
19, 462
89, 264

98, 019
76, 868
21,151
100, 708

97, 461
76, 272
21, 189
110,416

95, 642
73, 537
22, 105
123, 221

96, 220
70, 230
25, 990
137,514

102, 126
73, 513
28, 613
150, 979

101, 981
73, 370
28, 611
167, 965

111,692
77, 380
34, 312
189, 393

25
22
2'
21

53,711
44,451
9,260
46, 548

67, 268
49, 443
17, 825
71, 082

dollars]
195 0

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

267.4

276.9

294.5

305.9

319.9

327.7

334.4

338.5

341.1

341.3

347.0

359.2

365.4

182.9

186.8

200.4

197.8

208.3

203.8

206.2

209 9

211 1

215.1

217.2

225.0

228.3

27.7
94.8
60.3

28.1
96.3
62.3

35.6
100.9
63.9

31.5
100.9
65.4

33.8
107.6
66.9

28.9
107.1
67.9

28.3
109.0
69.0

28.3
111.4
70.1

28.9
110.8
71.5

29.0
113.0
73.1

27.3
115.0
74.9

31.4
116.9
76.7

43.6

50.5

55.4

65.6

60.7

63.9

58.7

53.4

54.1

47.5

51.1

3
2.4
2.2
.2

45.8
26.0
8.9
17.1
19.8
18.6
8
4
4.8
4.2
6

50.6
28.9
9.6
19.4
21.6
20.5
8
4
4.9
3.8
1i

50.6
30.0
10.4
19.6
20.6
19.4
8
4
15.1
13.8
1.2

50.2
30.2
10.8
19.4
20.0
18.8
8
4
10.5
9.3
1 2

48.7
31.1
11.5
19.7
17.6
16.4
8
4
15.2
14.0
1 2

48.3
31.8
11.6
20.2
16.5
15 3
8
4
10.4
9.1
12

48.3
31.4
11.2
20.2
16.8
15.7
8
4
5.1
3.8
1.3

48.9
31.7
11.3
20.4
17.2
16.1
8
.3
5.2
4.0
1 *)

49.9
32.2
11.4
20.8
17.7
16.5
8
.4
-2.3
-3.3
1 0

46.8
29.1
11.5
17.7
17.7
16.6
8
.3
4.3
3.3
.9

3.2

2.7

.6

1.1

1.3

3.3

5.1

5.7

5.0

3.2

1.2

41.2
23.6
8.5
15.1
17.6
16.5
H

1954

1953

19£

19 51

II

1955

II

III

IV

I

362.6

362.0

361.8

366.2

375.0

387.5

395.4 404.0 410.2

230.0

231.9

234.3

236.4

240.8

246.8

251 9 256.0 260.0

32.5
116.2
81.8

31.9
116.0
82.1

31.2
117.1
83.6

31.8
117.1
85.3

31.3
118.1
87.0

33.0
119.5
88.3

36.2
120.5
90.1

38.6 40.3 39.4
122. 2 123.3 125.7
91.1 92.4 94.9

56.1

54.2

48.2

49.5

50.4

53.1

57.8

63.5

67.9

70.1

72.0

6

53.0
34.0
12.7
21.3
19.0
17.8
8
4
3.2
4.1
— .9

53.5
35.1
12.9
22.1
18.4
17.3
8
.4
.7
1.5
— .8

52.8
34.6
13.1
21.4
18.2
17.1
8
.4
-4.5
-4.3
— .2

52.1
33.7
13.2
20.6
18.3
17 2

53.1
33.6
13.1
20.4
19.5
18.4

.4
-2.5
-2.8
2

.4
-2.7
-3.2
.5

55.3
34.3
13.2
21.1
21.0
19.9
.7
.4
-2.2
-2.8
.6

56.6
34.3
13.2
21.1
22.3
21.2
.7
.4
1.3
2
10

58.9
34.8
13.6
21.1
24.1
23.0
.7
.4
4.6
3.8
.8

61.9
37.2
14.1
23.1
24.7
23.6
.6
.4
6.1
5.7
.3

64.0
39.7
14.7
25.0
24.3
23.3
.6
.4
6.0
5.5
.5

64.9
41.6
15.3
26.3
23.3
22.3
6
.4
7.1
6.8
.3

7
8
9
10
11
12
13
14
15
16
17

.2

.7

1.0

1.2

1.8

2.1

2.9

2.9

1.5

2.4

2.0

18

20.8
18.7

19
20

IV

368.8

367.8

229.9

230.5

32.9
117.0
78.4

32.8
116.9
80.2

55.7

54.8

50.3
31.8
11.9
19.9
18.5
17.4
8
.4
5.4
4.6
8

52.4
33.5
12.3
21.3
18.9
17.7
8
.4
2.4
3.0
-.6

.2

.5

II

Line

I

III

III

IV

1
3
4
5

13.1
9.9

13.3
10.6

14.0
13.4

15.2
14.1

16.6
15.4

19.0
15.7

19.9
14.8

20.2
14.5

20.4
15.4

18.4
15.2

17.0
15.8

17.1
16.9

16.9
16.3

17.1
17.0

17.5
16.8

17.1
16.1

16.5
15.4

18.5
16.8

18.0
15.9

19.0
16.0

19.6
16.7

19.3
17.8

20.5
18.1

37.7

36.9

38.0

41.4

49.6

56.7

64.4

69.6

70.9

75.5

77.5

78.3

81.7

82.6

82.4

83.4

79.5

75.4

74.6

73.4

74.3

74.1

75.4

76.2

21

18.6
12.4
6.1
19.1

17.4
12.5
4.9
19.4

18.0
14.1
4.0
20.0

20.9
16.9
3.9
20.5

28.7
24.0
4.7
20.9

35.1
30.3
4.8
21.6

42.3
37.7
4.6
22.1

47.2
42.0
5.2
22.4

48.3
42.4
6.0
22.6

52.2
45.6
6.6
23.3

54.3
46.9
7.4
23.1

54.6
48.5
6.1
23.8

57.2
49.1
8.1
24.5

58.1
49.5
8.7
24.4

57.2
48.3
8.9
25.1

57.6
47.5
10.1
25.8

52.8
44.3
8.5
26.7

48.0
41.9
6.1
27.4

46.2
39.8
6.4
28.4

44.8
38.4
6.3
28.7

44.5
38.6
5.9
29.8

43.7
38.1
5.6
30.3

44.7
39.1
5.6
30.7

44.9
38.0
6.9
31.3

22
23
24
25




SUEVEY OF CURRENT BUSINESS

52

Part I January 1976

Table 1.1.—Gross National Product: Annually, 1946-74, and
[billions

1957

1956

1958

1959

Line

II

III

IV

II

III

IV

II

III

IV

II

III

IV

Gross national product.

411.9

417.4

422.4

430.9

438.9

441.0

448.2

442.8

435.8

439.9

453.1

466.3

476.0

489.9

486.5

493.5

Personal consumption expenditures.

261.4

263.9

266.8

271.9

276.1

278.3

282.8

284.4

284.0

286.8

291.7

295.4

303.5

309.1

314.2

316.2

37.6
127.2
96.5

37.6
128.1
98.1

37.3
129.4
100.1

38.9
130.8
102.1

40.0
132.5
103.6

39.5
133.9
104.9

39.1
137.2
106.5

38.8
136.9
108.7

36.8
137.6
109.6

36.0
138.9
111.9

36.7
140.8
114.2

38.0
141.9
115.5

41.2
144.3
118.0

43.0
145.6
120.5

43.9
147.1
123.2

41.6
148.7
125.9

Durable goods
Nondurable goods..
Services
Gross private domestic investment-

70.8

70.4

71.3

71.6

69.8

69.8

71.8

65.4

57.8

56.5

62.5

70.4

74.2

83.2

73.6

79.2

Fixed investment
Nonresidential
Structures
Producers' durable equipment _
Residential
Nonfarm structures
Farm structures
Producers' durable equipment _
Change in business inventories.._
Nonf arm
Farm

64.8
42.0
16.6
25.4
22.7
21.6
.7
.5
6.0
6.6
-.5

66.1
43.1
17.2
25.9
23.0
21.8
.7
.5
4.3
5.2
-.9

67.2
44.6
17.8
26.8
22.6
21.4
.7
.5
4.1
4.4
-.3

67.3
45.2
18.0
27.2
22.1
21.0
.7
.4
4.3
4.1
.2

67.8
46.1
18.0
28.2
21.6
20.4
.7
.5
2.1
2.0
.1

67.5
46.3
18.2
28.1
21.2
20.0
.7
.5
2.3
2.0
.3

68.6
47.6
18.2
29.3
21.0
19.9
.7
.4
3.2
2.5
.7

67.6
46.7
18.1
28.6
20.9
19.8
.7
.5
-2.2
-3.3
1.1

63.2
42.9
17.3
25.5
20.4
19.4
.7
.3
-5.4
-6.3
.9

61.6
41.2
16.8
24.4
20.5
19.4
.6
.4
-5.1
-5.9
.8

62.4
40.5
16.3
24.1
22.0
20.8
.6
.5
.1

66.3
42.0
16.5
25.5
24.4
23.1
.7

70.2
43.4
16.4
27.0
26.9
25.6

4.1
3.3

4.0
4.0
.0

72.8
45.0
17.0
28.0
27.8
26.5
.7
.6
10.4
10.5
-.1

73.6
46.4
17.4
29.0
27.2
26.0
.7
.5
.0
.2
-. 1

72.7
46.4
17.4
29.0
26.3
25.1
.7
.5
6.5
6.7
-. 1

2.4

2.5

Exports
Imports
Government purchases of goods and
services.

3.9

4.6

6.1

6.8

6.4

6.2

5.0

2.9

22.1
19.6

Net exports of goods and services-

23.5
19.6

24.5
19.9

25.3
19.2

27.6
20.8

27.3
20.9

26.7
20.5

25.3
20.4

23.1
20.3

79.7

81.3

86.2

86.6

87.5

88.1

91.2

45.8
40.2
5.6
33.9

46.7
41.9
4.8
34.6

50.3
43.3
7.0
35.9

49.9
43.9
6.0
36.7

50.1
44.6
5.5
37.5

49.6
44.3
5.3
38.5

51.6
44.5
7.2
39.5

77.2

46.2
40.3
5.9
33.1

44.9
38.3
6.6
32.3

Federal
National defense.
Nondefense
State and local

2.8

1.8

.4

-.4

1.2

1.1

23.4
20.5

23.4
21.6

22.6
22.2

22.9
23.4

24.9
23.7

24.5
23.4

94.2

96.1

98.7

.97.8

98.0

97.5

97.0

53.6
45.4
8.2
40.6

54.4
45.9
8.5
41.7

55.9
46.5
9.4
42.7

54.3
46.1
8.1
43.6

54.3
45.5
8.8
43.7

53.7
45.6
8.1
43.8

53.3
45.1
8.1
43.7

1967

1966

1968

Line

III

IV

III

II

IV

III

IV

_

733.7

759.0

771.7

777.5

785.8

803.1

818.7

837.3

861.8

880.0

894.7

Personal consumption expenditures.

455.9

460.3

469.1

473.9

478.6

487.6

494.2

501.1

517.6

528.5

544.5

553.1

68.4
200.5
187.0

65.7
203.9
190.6

68.2
206.8
194.1

68.4
207.4
198.0

209.6
202.2

70.2
211.2
206.2

70.3
213.4
210.5

71.2
216.2
213.7

76.5
223.0
218.2

78.1
227.6
222.8

82.3
233.9
228.3

83.1
237.0
233.0

Gross national product._

Durable goods
Nondurable goods_
Services

121.8

Gross private domestic investment..
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Nonfarm structures
Farm structures
Producers' durable equipment
Change in business inventories
Nonfarm
Farm

—

Net exports of goods and services _
Exports..
Imports.
Government purchases of goods and
services.
Federal
National defense.
Nondefense
State and local




747.6

126.7

123.7

125.7

118.6

115.5

121.7

127.5

125.1

131.9

110.3
79.2
28.9
50.3
31.2
29.6
.8
.7
11.5
10.7
.9

111.4
81.2
29.0
52.2
30.2
29.0
.4
.7
15.3
15.5
-.2

110.7
82.4
29.8
52.5
28.4
27.0
.7
.7
13.0
13.4
-.4

108.2
82.9
29.2
53.7
25.3
23.9
.8
.7
17.5
18.3
-.9

106.3
81.2
29.6
51.6
25.0
23.6
.8
.7
12.3
12.2
.1

109.4
81.6
29.1
52.5
27.8
26.5
.6
.7
6.1
5.4
.7

111.5
81.8
29.7
52.1
29.7
28.4
.6
.7
10.3
9.3
1.0

115.8
83.7
29.6
54.1
32.1
30.5

119.8
86.8
31.2
55.6
33.0
31.5

121.4
87.1
31.2
55.8
34.3
33.0

11.7
10.6
1.1

5.3
5.1
.2

10.5
10.4
.1

136.8
124.3
89.7
31.2
58.5
34.6
33.1
.6
.8
8.0
7.9
.1

129.8
93.5
32.7
60.9

36.2
34.7
.6
.9
7.1
7.0
.1

6.1

5.3

4.2

4.6

5.2

5.2

5.3

4.0

1.7

3.3

3.1

1.0

41.7
35.6

42.0
36.7

43.2
39.1

44.2
39.5

45.3
40.1

44.9
39.7

45.7
40.4

46.4
42.4

47.1
45.4

50.1
46.8

52.4
49.3

50.1
49.1

149.9

155.2

162.1

167.5

175.2

177.5

181.9

186.2

192.9

198.1

200.2

203.7

73.6
55.1
18.5
76.2

76.8
58.4
18.3
78.5

81.5
62.7
18.8
80.6

83.5
65.0
18.4
84.0

69.4
19.2
86.6

89.4
70.4
18.9
88.2

92.1
72.5

93.7
73.5
20.2
92.5

96.2
76.1
20.0
96.7

98.5
77.2
21.3
99.6

98.6
76.7
21.9
101.6

98.7
77.4
21.3
104.9

SURVEY OF CURRENT BUSINESS

Part I January 1976

53

Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-74—Continued
of dollars]
1962

1961

1960

1963

1964

1965

Line
I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

506.6

506.5

506.2

504.6

507.1

518.2

527.2

540.7

553.0

562.1

567.8

572.3

580.2

587.9

600.5

363.4

367.2

371.2

377.8
51.9
168.3
157.7

52.9
168.8
160.4

IV

I

II

III

IV

I

610.4

622.4

632.4

642.1

646.0

665.4

678.7 695.1 713.3

1

382.1

390.5

397.8

405.7

407.5

417.7

424.1 432.7 446.1

2

55.0
172.7
162.9

56.3
175.7
165.7

58.1
179.1
168.5

56.0
180.1
171.4

61.4
182.6
173.7

61.3 63.1 65.3
186.0 189.5 196.5
176.9 180.1 184.3

3
4
5

II

III

IV

319.8

325.9

326.0

328.0

328.5

333.1

335.7

342.7

347.5

353.0

357.0

43.0
148.8
128.0

43.9
151.8
130.2

43.4
151.4
131.2

42.2
152.5
133.3

39.7
153.9
135.0

40.7
154.7
137.6

41.9
155.2
138.6

44.0
157.4
141.4

45.0
159.3
143.2

46.3
160.6
146.1

46.8
162.2
148.0

48.8
164.1
150.5

49.8
165.2
152.1

51.1
165.9
154.1

86.8

77.7

73.5

67.7

66.8

72.7

77.7

80.1

84.6

86.2

86.4

83.6

86.0

88.9

92.3

93.6

94.0

96.4

97.4

98.6

109.2

110.1 114.3

114.5

6

75.5
48.3
18.3
30.0
27.2
26.0
7
*;
11.3
11.1
1

73.4
48.6
17.9
30.7
24.8
23.8
5
5
4.3
4.0
3

71.2
47.2
17.9
29.3
24.0
22.8
.6
5
2.4
1.9
4

70.7
46.8
18.6
28.2
23.9
22.8
.6
5
-2.9
-3.2
3

69.8
45.7
18.5
27.2
24.1
22.8
.7
5
-3.0
-3.2
2

71.1
46.8
18.3
28.6
24.3
23.1
.6
.5
1.6
1.4
.2

72.6
47.1
18.3
28.8
25.5
24.4
.5
.5
5.1
4.8
.3

75.1
48.7
18.3
30.4
26.4
24.9
1.0
.5
5.0
4.7
.3

76.3
49.8
18.6
31.2
26.5
25.4
.6
.5
8.3
7.7
.6

79.1
51.4
19.4
32.0
27.6
26.5
.6
.5
7.1
6.4
.7

80.0
52.1
20.1
32.0
27.8
26.6
.7
.6
6.4
5.6
.8

79.4
51.7
19.7
32.0
27.7
26.5
.7
.6
4.1
3.3
.8

80.1
51.4
18.8
32.6
28.8
27.5
.7
.6
5.8
5.0
.9

83.6
52.9
19.7
33.2
30.8
29.4
.7
.6
5.3
4.4
.9

85.1
54.3
19.8
34.5
30.8
29.7
.5
.6
7.2
6.4
.8

88.1
55.9
20.0
35.8
32.2
30.9
.7
.6
5.6
4.9
.6

89.4
56.9
20.2
36.7
32.4
31.0
.8
.6
4.7
5.1
-.4

89.9
58.7
21.2
37.5
31.2
30.0
.6
.6
6.4
7.0
-.6

91.3
60.6
21.9
38.7
30.7
29.5
.6
.6
6.0
6.8
—.7

92.6
62.3
22.5
39.9
30.2
29.0
.6
6
6.1
6.7
-.6

98.1
66.8
23.8
42.9
31.3
29.9
.8
7
11.1
10.5
.6

101.2 103.8
69.6 72.5
25.9 26.4
43.7 46.2
31.5 31.3
30.4 29.9
7
.4
7
7
9.0 10.4
8.0
9.1
10
13

106.9
76.1
28.3
47.8
30.8
29.6
5
7
7.6
6.4
12

7
8
9
10
11
12
13
14
15
16
17

2.8

3.6

5.0

6.2

6.8

5.6

5.3

5.5

4.8

6.1

5.7

5.0

5.0

6.6

6.0

7.5

9.5

8.3

9.0

8.9

6.8

8.8

8.1

6.7

18

26.4
23.7

27.4
23.9

28.2
23.3

28.3
22.1

28.9
22.1

27.9
22.3

29.0
23.7

29.8
24.2

29.4
24.6

31.2
25.2

31.1
25.4

30.7
25.8

30.5
25.4

32.7
26.2

33.0
27.0

34.6
27.1

36.9
27.3

36.4
28.1

37.8
28.8

38.6
29.6

35.5
28.7

41.1
32.4

40.7
32.6

40.8
34.1

19
20

97.3

99.3

101.8

102.7

105.0

106.8

108.4

112.3

116.1

116.8

120.4

122.0

121.3

124.3

127.1

128.3

130.0

130.0

130.9

131.7

135.7 140.1 146. 0

21

52.3
43.9
8.4
44.9

53.1
43.8
9.3
46.2

54.6
44.8
9.8
47.2

54.8
45.3
9.5
47.9

55.3
46.0
9.3
49.7

56.9
46.7
10.3
49.9

57.7
46.8
10.8
50.8

59.6
48.5
11.1
52.7

63.0
50.9
12.1
53.1

64.8
50.9
13.9
55.6

64.9
50.2
14.7
57.1

64.5
50.2
14.3
59.8

65.9
50.3
15.6
61.2

65.9
49.8
16.0
62.4

65.8
49.5
16.3
64.2

64.7
48.9
15.8
65.3

64.5
47.9
16.6
66.4

63.9
47.1
16.9
67.8

63.0
51.3
11.7
53.8

1970

1969

118.8

64.1
51.1
13.1
54.7

63.3
50.5
12.8
58.0
1972

1971

65.8
48.3
17.5
69.9

1973

67.6
49.3
18.2
72.5

71.8
53.1
18.7
74.1

22
23
24
25

1974

Line
I

II

III

IV

964.2

976.5

992.6

996.3 1,034.0 1, 056. 2 1, 072. 4 1,091.2 1, 127. 0 1, 156. 7 1,181.4 1, 219. 4 1, 265. 0 1, 287. 8 1 ,319.7 1 ,352.7 1 ,370.9 1 ,391.0 , 424. 4 1,441.3

606.4

615.2

625.1

628.4

648.6

662.9

674.1

687.1

705.9

724.7

739.7

761.8

785.7

800.5

818.4

829.5

849.5

877.8

907.7

908.4

2

84.8
259.0
262.6

86.2
262.4
266.6

86.7
266.4
272.1

82.1
271.2
275.1

92.8
272.4
283.4

95.9
276.7
290.3

97.7
278.9
297.5

102.0
282.7
302.4

106.0
287.6
312.3

109.2
296.4
319.1

112.2
302.2
325.3

117.6
311.2
333.0

124.8
321.4
339.5

124.4
328.0
348.2

123.7
339.6
355.2

118.9
348.5
362.2

118.4
359.8
371.2

123.1
371.9
382.8

128.9
383.9
394.9

117.3
387.1
404.0

3
4
5

138.6

140.3

143.3

136.0
99.9
36.8
63.2
36 1
34.7
6
.8
2.5
2.4
1

136.2 137.5
101.3 101.7
38.0
37.6
63.7
63.7
34.9
35.8
34.4
33.6
.4
.5
.9
.9
4.2
5.8
4.0
5.7
1
1

III

IV

913.0 929.0

946.9

953.3

563.8 574.1

584.5

596.4

84.8 85.3
240.8 244.9
238.2 243.9

85.5
249.0
249.9

86.2
253.4
256.8

144.0 147.2

150.5

143.2

135.3 136.5
96.7 97.7
33.9 34.8
62.8 62.9
38 5 38 8
36.8 37.3
q
5
q
.9
8.7 10.7
8.6 10.5
1
1

138.6
100.4
36.8
63.6
38.2
36.3
10
.9
11.9
11.8
1

137.0
100.9
37.1
63.8
36.1
34.7
.5
.8
6.2
6.1
1

.9

2.7

2.3

3.9

56.0
55.1

57.4
54.8

58.2
55.9

204.1 206.7

209.2

97.2 97.1
75.3 75.6
21.9 21.5
107.0 109.7

97.9
77.1
20.7
111.4

I

1.1

47.2
46.0

II

I

II

III

II

III

IV

II

I

III

IV

I

II

III

IV
1

141.0

152.7

160.8

161.0

165.4

176.7

184.9

191.0

200.5

211.7

217.1

221.2

231.9

218.4

212.7

207.6

210.3

6

138.4
98.9
38.3
60.6
39.5
37.8
.7
.9
2.6
2.5
1

145.2
102.3
38.7
63.6
42.9
41.4
.5
1.0
7.5
5.8
17

151.2
102.7
39.1
63.6
48.5
46.9
.6
1.0
9.6
8 4
12

156.2
104.1
39.7
64.4
52.1
50.3
8
1.0
4.8
35
13

161.9
107.1
39.8
67.4
54.8
53.0
.7
1.1
3.5
2 6
g

171.9
112.2
41.6
70.6
59.7
58.0
.7
1.0
4.7
4.0

174.8
114.2
42.0
72.2
60.6
58.9
6
1.1
10.1
9.3
8

178.8
117.0
42.5
74.5
61.8
60.1
.7
1.0
12.1
11.7

189.7
123.8
44.0
79.9
65.9
64.2
.6
1.1
10.8
10.3
5

199.3
131.0
46.3
84.8
68.2
66.4
.7
1.2
12.4
10.1
2 3

202.8
134.5
47.7
86.7
68.3
66.6

205.6
138.5
50.3
88.2
67.0
65.2
.6
1.2
15.6
11.0
4 6

204.2
141.8
51.5
90.4
62.4
60.4
1 2
27.7
24.0
37

203.5
145.9
53.4
92.5
57.6
55.3
1.0
1.3
14.9
14.1
7

203.4
146.6
54.1
92.4
56.9
54.6
.9
1.4
9.3
11.0
—1 7

203.1
148.1
54.0
94.1
55 0
52.7
9
1.4
4.4
7 6
—3 2

199.8
151.1
56.1
95.0
48 7
46.3
12
1.3
10.4
13.7
— 3.2

7
8
9
10
11
12
13
14
15
16
17

2.7

3.9

1.4

1.9

<j

-4.6

-4.1

-2.3

-2.1

2.0

12.8

15.6

4.0

3.2

8.2

18

62.4
63.3

19
20

4.4

4.7

61.3
57.3

62.9
58.5

63.4
58.7

62.3
59.6

65.1
61.2

66.6
65.3

68.2
66.3

211.4

215.3

216.5

219.4

224.2

228.8

231.1

235.5

97.8
77.0
20.7
113.6

97.9
75.8
22.1
117.4

95.6
72.9
22.6
121.0

94.0
72.7
21.3
125.4

95.1
72.7
22.4
129.1

95.9
72.0
23.9
132.9

94.9
70.1
24.8
136.2

96.4
68.9
27.6
139.0




I

IV

e

1.2
14.3
11.0
33

•7

4.5

10.2

69.1
73.7

69.2
73.3

73.4
75.7

79.0
81.1

89.4
87.4

96.6
92.1

105.2
95.0

114.9
102.0

133.1
117.5

141.6
137.6

148.6
145.5

153.6
145.3

239.6

249.0

251.1

253.0

259.2

265.7

265.7

270.0

278.4

287.5

296.5

305.9

314.4

21

97.6
70.0
27.7
142.0

103.1
74.7
28.5
145. 9

102.8
74.4
28.4
148.4

100.3
71.7
28.6
152.7

102.3
73.3
29.0
157.0

104.1
74.0
30.1
161.6

99.9
73.0
27.0
165.8

100.0
72.3
27.6
170.0

104.0
74.2
29.8
174.5

106.1
74.8
31.4
181.4

108.9
75.8
33.0
187.6

113.6
78.4
35.1
192.3

118.2
80.5
37.7
196.3

22
23
24
25

SUEVEY OF CUEEENT BUSINESS

54

Part I January 1976

Table 1.2.—Gross National Product in Constant Dollars: Annually, 1946-74,
[Billions of
1948

1947

1946

Line

487.7

1955

1956

1957

598.5

621.8

613.7

654.8

668.8

680.9

342.3

350.9

364.2

370.9

395.1

406.3

414.7

33.1
155.0
124.6

36.3
157.4
126.4

43.4
161.8
132.8

165.3
137.1

38.9
171.2
140.8

43.1
175.7
145.5

43.5
177.0
150.4

52.2
185.4
157.5

49.8
191.6
164.9

49.7
194.9
170.2

70.1

82.3

65.6

93.7

94.1

83.2

85.6

83.4

104.1

102.9

97.2

70.4
48.9
17.3
31.6
21.5
19.8
1.3
.3
2
1.7
-1.9

76.8
51.0
18.4
32.7
25.8
23.9
1.5
.3
5.5
4.4
1.1

70.0
46.0
17.8
28.2
24.0
22.3
1.4
.3
-4.4
-3.9
-.5

83.2
50.0
19.1
30.9
33.2
31.5
1.3
.3
10.6
9.2
1.4

80.4
52.9
20.6
32.3
27.5
25.9
1.3
.3
13.7
12.1
1.6

78.9
52.1
20.6
31.5
26.8
25.3
1.2
.3
4.3
3.1
1.2

84.1
56.3
22.5
33.8
27.8
26.3
1.2
.3
1.5
1.7
2

85.6
55.4
23.5
31.8
30.2
28.8
1.1
.3
-2.2
-3.1
.9

96.3
61.2
25.3
35.9
35.1
33.8
.9
.4
7.7
7.3
.4

97.1
65.2
28.1
37.1
31.9
30.4
1.0
.4
5.8
6.6
-.8

95.7
66.0
28.1
37.9
29.7
28.3
1.0
.4
1.5

30.6
154.8
120.8

71.0

58.8
42.0
18.8
23.2
16.8
15.5
1.1
.2
12.2
12.5
-.3
11.6

16.6

4.0

7.4

4.9

2.0

4.5

4.7

7.3

8.9

26.1
14.6

30.2
13.6

24.2
15.7

24.2
15.4

21.7
17.7

25.9
18.5

24.9
20.0

23.8
21.8

25.3
20.8

27.9
23.2

32.3
25.0

34.8
26.0

75.4

84.1

96.2

97.7

132.7

159.5

170.0

154.9

150.9

152.4

160.1

36.1
39.3

42.4
41.8

48.9
47.4

47.0
50.7

81.3
51.3

107.0
52.5

114.6
55.4

95.2
59.7

86.9
64.0

85.9
66.5

70.3

Government purchases of goods and services.
Federal
State and local.

1954

576.5

25.8
158.9
116.7

Exports.
Imports..

1953

338.1

306.2

Net exports of goods and services.

1952

533.5

468.3

301.4

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

1951

320.0

477.6

Gross private domestic investment..

1950

490.7

Gross national product.
Personal consumption expenditures
Durable goods
Nondurable goods..
Services..

1949

59.0
34.8

1948

1947

1949

1950

Line
II

Gross national product
Personal consumption expenditures..
Durable goods
Nondurable goods _
Services
Gross private domestic investment..
Fixed investment
Nonresidential
Structures
Producers' durable equipment.
Residential
Nonfarm structures
Farm structures
Producers' durable equipment.
Change in business inventories
Nonfarm
Farm
Net exports of goods and servicesExports..
Imports..
Government purchases of goods and £
ices.
Federal.
State and local.




III

II

IV

III

IV

II

III

IV

II

III

IV

464.0

467.5

468.0

473.7

477.3

490.8

495.9

490.9

488.9

493.4

489.2

511.5

525.1

542.4

554.6

302.7

307.3

307.6

307.2

309.3

312.5

313.1

316.1

316.5

320.5

320.0

323.1

328.3

334.3

348.9

340.8

29.4
153.0
120.3

29.9
155.8
121.6

30.3
156.3
121.0

32.7
154.1
120.4

32.7
154.0
122.6

32.7
155.6
124.2

33.5
154.1
125.5

33.5
156.4
126.2

33.0
157.2
126.3

36.3
157.5
126.8

37.5
156.3
126.1

38.3
158.4
126.3

39.6
160.1
128.6

40.0
161.7
132.6

49.9
164.4
134.5

44.2
161.0
135.6

69.7

66.6

66.7

77.5

81.2

83.0

83.5

81.4

71.5

61.8

66.0

63.0

79.8

90.0

96.2

109.0

69.6

67.6
48.8
17.3
31.5
18.7
17.2
1.3

69.5
48.0
17.4
30.6
21.5
19.9
1.3
.3
-2.9
-.2
-2.7

74.7
49.0

77.1
51.6
17.4
34.2
25.5
23.8
1.4
.3
4.1
3.5
.6

77.4
50.4
18.2
32.1
27.0
25.2
1.5
.3
5.6
4.2
1.3

76.6
50.4
18.8
31.6
26.2
24.3
1.6
.3
6.9
5.6
1.3

76.1
51.8
19.1
32.8
24.2
22.4
1.6
.3
5.3
4.3
1.0

71.8
49.3
18.6
30.7
22.5
20.7
1.5
.3
-.3
.0

68.9
46.8
18.2
28.5
22.2
20.4
1.4
.3
-7.1
-6.4
-.7

68.5
44.4
17.4
27.0
24.1
22.5
1.4
.3
-2.5
-1.8
-.7

70.6
43.5
17.0
26.5
27.1
25.4
1.4
.3
-7.7
-7.3
-.4

75.4
44.8
17.9
26.9
30.5
28.8
1.4
.3
4.4
4.0
.5

82.3
48.9
18.7
30.2
33.4
31.7
1.3
.4
7.7
6.6
1.1

88.2
53.0
19.6
33.4
35.2
33.6
1.3
.4
8.0
6.1
1.9

86.9
53.3
20.3
33.0
33.5
31.9
1.3
.4
22.1
20.1
2.0

49.8
17.6
32.2
19.8
18.2
1.3
.3
.1
1.3
-1.2

1.9
-2.8

17.0
32.0
25.7
24.1
1.4
.3
2.7
3.8
-1.0

A

17.2

17.6

17.7

13.8

10.7

8.0

7.7

7.5

10.5

10.2

9.0

5.7

5.2

5.1

2.4

3.4

30.8
13.6

31.4
13.7

30.7
13.0

27.7
13.9

26.0
15.3

23.6
15.6

23.9
16.2

23.2
15.6

25.9
15.4

25.7
15.5

24.1
15.1

21.1
15.4

21.1
15.9

21.6
16.5

21.9
19.5

22.4
19.0

74.5

75.9

76.0

75.2

76.0

82.5

86.5

90.9

92.5

96.4

97.5

98.2

95.8

94.9

101.5

36.5
38.0

37.1
38.8

36.3
39.7

34.9
40.4

35.7
40.3

41.2
41.3

44.5
42.0

47.9
43.0

45.1
50.7

44.1
50.8

50.6
50.9

49.9
48.5

48.1
49.4

SURVEY OF CURRENT BUSINESS

Part I January 1976

55

and Seasonally Adjusted Quarterly Totals at Annual Rates, 1947-74
1972 dollars]

1962

1961

1960

1959

1958

1964

1963

1967

1966

1965

1968

1969

1970

1971

1972

1973

1974

Line

679.5

720.4

736.8

755.3

799.1

830.7

874.4

925.9

981.0

1, 007. 7

1,051.8

1,078.8

1,075.3

1, 107. 5

1, 171. 1

1,233.4

1,210.7

1

419.0

441.5

453.0

462.2

482.9

501.4

528.7

558.1

586.1

603.2

633.4

655.4

668.9

691.9

733.0

766.3

759.8

2

46.4
196.8
175.8

51.8
205.0
184.7

52.5
208.2
192.3

50.3
211.9
200.0

55.7
218.5
208.7

60.7
223.0
217.6

65.7
233.3
229.7

73.4
244.0
240.7

79.0
255.5
251.6

79.7
259.5
264.0

88.2
270.2
275.0

91.9
276.4
287.2

88.9
282.7
297.3

98.1
287.5
306.3

111.2
299.3
322.4

120.9
309.6
335.8

112.5
303.0
344.4

3
4
5

87.7

107.4

105.4

103.6

117.4

124.5

132.1

150.1

161.3

152.7

159.5

168.0

154.7

166.8

188.3

207.4

180.0

6

109.3
70.9
30.8
40.1
38.4
36.9

116.8
73.5
30.8
42.7
43.2
41.7

124.8
81.0
33.3
47.7
43.8
42.2

138.8
95.6
39.6
56.0
43.2
41.6

144.6
106.1
42.5
63.6
38.5
36.9

140.7
103.5
41.1
62.4
37.2
35.5

150.8
108.0
42.0
66.1
42.8
41.1

157.5
114.3
44.0
70.3
43.2
41.5

150.4
110.0
42.8
67.2
40.4
38.9

160.2
108.0
41.7
66.3
52.2
50.5

178.8
116.8
42.5
74.3
62.0
60.3

191.4
131.3
45.3
85.9
60.1
58.4

172.2
127.5
42.7
84.9
44.7
42.6

7

11.3
10.1
1. 2

16.7
16.9
2

16.0
13.6

7. 7

101.0
62.9
26.8
36.1
38.1
36.5

89.6
58.9
26.4
32.5
30.6
29. 2

!9
.5

1.0
.6
6.5
6.4
.0

-1.8
-2.9

1.0

100.7
65.6
29.3
36.3
35.1
33.6

101.0
66.0
28.8
37.2
35.0
33.7

.8
.7

.9
.7
7.3
7.9
-.6

.9
.6
7.8
6.6
1.2

.9
.6
8.1
6.9
1.3

1.0
.5
2.9
2.4
.5

.8
.5
4.4
4.0
.3

.9
.8

.9
.8

.8
.9
8.7
8.5
2

12.0
11.2

.8

.9
.9
10.6
10.3

.3

.6
.9
4.3
3.9
.4

.7
1.0
6.6
5.2
1.5

.7
1.1
9.4
8.8
.6

8.5
-.8

.5
1.2

8
9
10
11
12
13
14
15
16
17

.8
1.3

2.4

3.5

.9

5.5

6.7

5.8

7.3

10.9

8.2

4.3

3.5

-.4

1.4

-.6

-3.3

7.2

16.6

18

30.7
27.2

31.5
30.6

35.8
30.3

37.0
30.3

39.6
33.9

42.2
35.0

47.8
36.9

49.1
41.0

51.6
47.3

54.2
50.7

58.5
58.9

62.2
63.5

67.1
65.7

67.9
68.5

72.7
75.9

87.6
80.4

97.6
81.0

19
20

169.3

170.7

172.9

182.8

193.1

197.6

202.7

209.6

229.3

248.3

259.2

256.7

250.2

249.4

253.1

252.5

254.3

21

92.8
76.4

91.8
78.9

90.8
82.0

95.6
87.1

103.1
90.0

102.2
95.4

100.6
102.1

100.5
109.1

112.5
116.8

125. 3
123.1

128.3
130.9

121.8
134.9

110.7
139.5

103.9
145.5

102.1
151.0

96.1
156.3

95.0
159.3

22
23

1953

1952

1951

-1.3

1954

1955

1956
Line

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

III

IV

562.4

573.2

584.7

585.7

591.3

592.1

598.3

612.5

622.2

626.2

622.4

616.4

608.1

605.6

614.4

626.1

641.1

650.8

660.3

667.0

664.1

667.5 6 67.9 675.7

1

346.5

338.5

341.4

342.8

343.5

349.5

351.0

359.6

363.7

365.3

364.4

363.5

364.4

367.1

372.7

379.5

386.2

393.2

397.4

403.6

404.1

404.8 4 06.0 410.2

2

45.2
164.7
136.6

38.9
162.7
137.0

37.9
166.0
137.5

37.8
167.7
137.4

38.4
166.5
138.6

39.3
170.3
139.9

36.8
172.8
141.4

41.4
174.9
143.3

43.2
176.1
144.3

42.7
176.6
146.0

42.7
175.2
146.5

43.5
174.9
145.2

41.9
175.8
146.7

42.5
175.0
149.6

43.5
177.2
152.0

46.1
180.0
153.3

49.2
181.4
155.6

52.4
184.4
156.4

53.9
185.9
157.6

53.3
189.8
160.5

50.4
191.6
162.1

49.9 49.2 49.8
191.1 191.2 192.5
163.8 165.7 167.9

3
4
5

96.8

100.3

94.0

85.5

86.6

77.6

80.8

87.8

87.9

89.3

86.2

78.8

79.4

80.0

84.2

90.0

98.0

104.1

106.1

108.0

104.2

102.9 102.5 102.0

80.3
53.0
21.1
31.9
27.3
25.7

79.4
53.9
20.9
32.9
25.5
23.9

78.6
52.9
20.1
32.8
25.7
24.2

79.3
53.1
20.2
33.0
26.2
24.7

80.3
53.7
20.4
33.3
26.6
25.2

75.3
48.9
20.6
28.3
26.4
25.0

80.6
52.8
21.3
31.5
27.8
26.2

83.9
55.6
22.0
33.7
28.3
26.8

84.2
55.8
22.4
33.4
28.4
26.9

84.4
57.0
22.5
34.4
27.4
25.9

83.8
56.6
23.0
33.7
27.2
25.7

82.8
55.3
23.4
31.9
27.5
26.1

84.1
54.8
23.6
31.2
29.3
27.9

87.0
55.9
23.6
32.3
31.1
29.7

88.5
55.5
23.6
31.9
33.0
31.6

92.1
56.6
24.4
32.2
35.5
34.2

96.1
60.1
24.9
35.2
36.0
34.7

98.3
63.1
25.7
37.4
35.2
33.9

98.8
65.1
26.2
38.9
33.7
32.4

96.6
64.2
27.2
37.0
32.5
31.1

97.4
65.2
28.2
36.9
32.3
30.8

97.6
66.0
28.6
37.4
31.6
30.2

-5.0
-5.0

-3.4
-3.8

—4.1
-4.8

—2.7
-3.8

15

7 8

9 2

7 5

55

4 9

— 1.6

— 7

83.4
51.8
20.3
31.4
31.6
30.0

1.3
3

13. 4
11*. 9
1 6

1.3
3

19 9

is! 4
15

1.3
.3

14.6
12.9

1.7

1.3
.3
7.0
5.3
1.7

1.2
.3
7.3
5.8
1.5

1.1
.3

—2 7
-3.9

1.2

1.1
.3
5.4
4.3
1.1

1.2
.4
7.2
6.2
1.0

1.1
.4
3.9
4.2
-.3

1.2
.4

51

5.4
-.3

1.2
.3
1.9
2.1
-.3

1.2
.3
.1

1.1
.3
.4

1.1
.3
.8

1.1
.4
1.0

1.0
.4

-.1
1.6

.9
.4
5.9
5.2
.7

.9
.4
8.0
7.8
.2

.9
.4

7.2
.6

.9
.4

8.9
.3

1.0
.5
8.5

—1.0

1.0
.4

7.1

1.0
5

5.6

6

5.2
2

7
8
9
10
11
12
13
14
15
16
17

96.6
65.5
28.5
37.0
31.1
29.7

1.0
4

5 4

4.1

6.8

9.3

9.6

8.7

5.9

3.1

2.0

2.1

1.5

2.1

2.3

2.8

4.3

4.8

5.9

5.9

3.7

4.8

4.4

5.0

6.8

7.7

9.7

18

23.4
19.4

25.5
18.7

27.1
17.8

27.6
18.0

27.9
19.1

25.0
19.0

23.3
20.1

23.7
21.7

23.5
21.4

24.0
22.5

24.3
22.2

23.7
21.3

23.2
20.4

25.9
21.6

25.4
20.5

26.6
20.7

27.7
21.8

26.9
23.2

28.5
23.6

28.6
24.2

30.0
25.1

31.9
25.1

33.2
25.5

34.1
24.4

19
20

127.7

140.0

147.7

152.4

159.1

163.4

163.1

168.6

170.1

169.7

171.8

161.4

154.3

152.6

150.7

151.0

149.7

151.9

150.9

150.8

152.9 1 51.7 153. 9

21

76.3
51.3

88.4
51.6

96.1
51.6

100.4
52.0

106.2
52.9

111.5
52.0

110.0
53.0

113.5
55.1

115.9
54.2

114.2
55.5

115.0
56.8

102.9
58.5

95.4
58.9

92.2
60.4

89.9
60.8

87.9
63.1

85.8
64.0

87.8
64.1

86.3
64.6

85.0
66.7

22
23

115.1

64.6
50.5




85.5
65.3

86.6
66.3

86.4
67.4

SURVEY OF CUERENT BUSINESS

56

Part I January 1976

Table 1.2.—Gross National Product in Constant Dollars: Annually, 1946-74,
[Billions of
195 8

19 57

195<)

Line
I
1
2
3
4
5
6
7
8
g
10
11
12
13
14
15
16
17
18
19
20
21
22
23

IV

III

I

II

IV

III

I

II

III

IV

680 4

Durable goods
Nondurable goods
Services

Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
.
________ _._
Nonfarm structures
Farm structures
Producers' durable equipment
Change in business inventories
Nonfarm
Farm
- --

676.7

663.4

668.2

684.4

702.1

710 7

726 3

718 6

726 2

416.1

416.9

411.9

415.7

421.8

426.5

435.1

440 8

444 4

445 6

49.8
193.9
169.6

49.0
196.7
170.3

49.0
195.7
172.2

46.1
193.4
172.4

45.6
194.9
175.2

46.2
198.3
177.4

47.8
200.6
178.1

50.6
203.2
181 3

52 5
204 6
183 7

53 3
9Q5 5
185 6

50 8
206 8
188 0

98.7

Gross private domestic investment

685.6

413.2

51.0
193.1
168.5

_ ._

680.9

412.6

Gross national product
Personal consumption expenditures.

98.2

100.1

91.9

83.2

81.1

88.4

98.3

103.3

114 6

102 3

109 6

96.2
65.9
28.2
37.7
30.4
28.9
1.0
.5
2.5
2.4
.1

95.3
65.7
28.2
37.5
29.6
28.2
1.0
.4
2.9
2.5
.4

96.4
67.1
28.1
38.9
29.3
27.9
1.0
.4
3.7
2.9
.8

94.9
65.4
28.0
37.4
29.5
28.1
.9
.4
-3.0
-4.3
1.3

90.0
61.2
27.5
33.7
28.7
27.5
.9
.3
-6.8
-7.9
1.1

87.2
58.5
26.5
31.9
28.7
27.4
.9
.4
-6.2
-7.1
.9

88.0
57.2
25.8
31.4
30.8
29.4
.9
.5
.3
-.7
1.0

93.0
58.9
25.9
32.9
34.1
32.6
.9
.6
5.3
4.3
1.0

98.3
60.4
25 7
34.7
37.9
36 3
.9
6
5.0
5.0
.0

101 6
62 4
9
67
35 8
39 2
37 6
10
6
13 0
12 9
.1

102 6
64 3
27 4
36 9
38 3
36 8
10
5
4
— 3
— 1

101 4
64 5
97 4
37 1
36 9
35 5
10
5
82
81
1

10.1

-

_

- --

Government purchases of goods and
services.
Federal
State and local

9.5

8.9

6.9

4.2

3.5

4.0

2.4

.5

— 3

16

16

36.2
26.1

35.8
26.3

34.6
25.7

32.8
25.9

30.3
26.2

30.8
27.3

31.0
27.0

30.9
28.5

30.0
29.5

30.5
30.8

33 0
31.4

32 3
30 7

159.0

159.9

160.6

161.1

164.2

168.0

170.2

174.9

171.8

171.3

170.3

169.3

90.0
69.0

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

II

90.3
69.6

89.9
70.6

88.8
72.2

90.2
74.0

62.6
75.3

93.3
76.9

95.4
79.5

92.9
78.9

92 4
78.9

91 2
79 1

90 7
78 6

19 66

1967

19(>8

Line
I

II

III

I

IV

II

III

IV

I

II

III

IV

1

Gross national product

969.6

976.3

985.4

992.8

994.4

1,001.3

1, 013. 6

1, 021. 5

1,031 4

1 049 4

1 061 8

1 064 7

2

Personal consumption expenditures

581.7

582.8

589.0

590.8

595.1

602.9

605.8

608.8

620.8

628.0

640 8

644 0

80.4
253.5
247.8

76.9
255.4
250.5

79.4
257.2
252.5

79.1
255.9
255.7

77.5
258.3
259.3

80.9
259.4
262.6

80.1
259.5
266.2

80.2
260.8
267.8

85.2
266.0
269.7

86.6
268.4
273.0

90 5
273.2
277.1

90 7
273.2
280.1

161.0

164.0

160.1

160.2

150.9

147.1

153.3

159.4

155.1

160.6

159 9

162 6

147.5
104.7
42.8
62.0
42.7
40.8
1.1
.8
13.5
12.4
1.1

146.2
106.1
42.2
63.8
40.1
38.8
.6
.8
17.8
18.1
2

145.0
107.0
43.1
63.9
38.0
36 3
.9
.8
15.1
15.6
-.5

139.7
106.4
41.8
64.6
33.3
31.5
1.0
.7
20.5
21.5
-1.0

136.4
103.7
41.9
61.8
32.7
30.9
1. 1
.7
14.6
14.4
.1

139.6
103.3
40.8
62.6
36.3
34.7
.8
.7
7.5
6.8
.7

141.1
102.8
41.1
61.7
38.4
36.8
.8
.8
12.2
11.2
1.0

145.5
104.1
40.5
63.6
41.4
39.5
1.0
.9
13.8
12.5
1.3

148.9
106.9
42.2
64.7
41.9
40.2
.9
.9
6.3
5.8
.4

148.9
105 9
41 6
64.3
42 9
41.3
7
9
11.8
11.7
.1

150.7
107 9
41 3
66.6
42 8
41.1
g
9
9.2
9.1
1

155.0
111 3
42. 7
68.6
43 6
41.9
8
9
7.6
7.4
.2

3
4
5
6
7
g
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

Durable goods
Nondurable goods
Services

-

Gross private domestic investment
Fixed investment
-- Nonresidential
Structures
Producers' durable equipment
Residential
Nonfarm structures
Farm structures
Producers' durable equipment
Change in business inventories
Nonfarm
Farm

6.1

Net exports of goods and services
Exports
Imports

-

--

Government purchases of goods and services.
Federal
State and local




5.0

2.9

3.3

4.1

4.0

4.1

2.0

—.4

7

2

—2 0

51.3
45.2

51.0
46.0

51.8
48.9

52.4
49.1

53.9
49.8

53.6
49.6

54.4
50.3

55.1
53.1

56.2
56.6

58.4
57.8

61. 1
60.9

58.3
60.3

220.7

224.4

233.4

238.6

244.3

247.3

250.4

251.3

255.8

260.2

260.9

260.0

106.5
114.2

108.8
115.7

116.5
116.9

118.4
120.3

122.6
121.7

124.8
122.5

127.3
123.1

126.3
125.0

127.4
128.4

129.8
130.4

129.5
131.4

126.6
133.5

SURVEY OF CURRENT BUSINESS

Part I January 1976

57

and Seasonally Adjusted Quarterly Totals at Annual Rates, 1947-74—Continued
1972 dollars]

1961

1960
I

i

II

III

IV

I

1962

II

III

1963

I

IV

II

III

IV

I

II

1964

1965

III

IV

I

II

Ill

IV

I

Line

II

Ill

IV

740.7

738.9

735.7

731.9

736.6

749.0

758.7

776.9

788.1

798.3

804.3

805.8

813.5

823.7

838.8

846.9

861.1

872.0

880.5

883.9

903.0

916.4 932.3 952.0

1

449.2

455.1

453.6

454.1

454.8

460.8

462.2

471.1

475.3

480.7

484.6

490.8

493.9

498.3

504.8

508.4

517.4

526.4

535.0

536.0

546.7

551.4 559.8 574.5

2

52.2
207.2
189.8

53.4
209.5
192.2

52.9
208.1
192.6

51.5
208.1
194.4

48.6
209.6
196.6

49.3
211.6
199.8

50.4
211.7
200.1

52.8
214.8
203.6

53.9
216.5
205.0

55.2
217.3
208.2

55.7
219.3
209.6

58.1
220.8
212.0

59.2
221.5
213.2

60.4
222.3
215.5

61.1
224.1
219.6

62.0
224.2
222.2

64.1
228.2
225.1

65.6
232.2
228.5

67.6
236.1
231.3

65.4
236.7
233.9

71.4
239.3
236.1

71.4 73.9 76.9
240.9 244.1 251.8
239.1 241.9 245.9

3
4
5

118.5

106.7

101.8

94.7

93.9

101.2

107.9

111.3

116.7

119.1

119.1

114.8

118.3

122.9

127.8

129.2

130.1

131.9

132.2

134.3

146.7

148.5 152.5 152.6

6

101.8
67.0
28.3
38.7
34.8
33.6
.7
.5
4.9
4.5
3

98.8
65.2
28.5
36.8
33.5
32 1
.9
.5
3.0
2.5
.5

98.6
65.2
29.7
35.5
33.4
32.1
.8
.5
-3.9
-4.2
.3

97.7
64.0
29.6
34.3
33.8
32.2
1.1
.5
-3.8
-4.1
.4

99.2
65.2
29.2
36.0
34.0
32.6
.8
.5
1.9
1.6
.3

101.3
65.6
29.3
36.3
35.7
34.4
.7
.5
6.6
6.1
.5

104.6
67.6
29.2
38.4
37.0
35.1
1.4
5
6.7
6.1
.6

106.1
-69.0
29.6
39.4
37.1
35.7
.9
.5
10.6
9.6
1.0

109.9
71.3
30.8
40.4
38.6
37.2
.8
.5
9.2
8.0
1.2

111.1
72.2
31.8
40.3
38.9
37.4
.9
6
8.0
6.6
1.4

110.1
71.3
31.1
40.2
38.8
37.3
.9
6
4.7
3.4
1.3

110.7
70.5
29.7
40.8
40.2
38.6
.9
.6
7.6
6.3
1.3

116.0
72.7
31.1
41.6
43.3
41.6
1.0
6
70
5.6
14

118.5
74.6
31.1
43.4
43.9
42.6
.7
.6
9.3
8.1
1.2

122.0
76.4
31.4
45.0
45.6
44.0
1.0
.6
7.1
6.2
.9

124.0
77.6
31.6
46.0
46.4
44.6
1.2
7
6.1
6.5
— .4

124.0
79.9
33.1
46.8
44.1
42.5
.9
.7
8.0
8.6
— .6

124.9
82.2
34.0
48.2
42.8
41.2
.9
.7
7.3
8.1
— .8

126.4
84.5
34.7
49.8
41.9
40 4
.9
7
79
8.6
— 7

133.4
90.0
36.6
53.4
43.4
41 6
1.1
7
13 4
12.6
7

137.9 140.1 143.8
93.8 97.1 101.5
39.6 37.8 42.4
54.2 57.3 59.1
44.1 43.0 42,3
42.8 41.3 40.8
8
.6
.9
7
7
8
10 6 12 4
88
9.5 10.9
7.5
1i
15 1 3

7
8
9
10
11
12
13
14
15
16
17

104.9
66.7
28.7
38.0
38.2
36.8
q
.5
13.5
13.4
2
3.8

4.6

5.9

7.7

8.5

6.2

6.0

6.2

5.0

6.8

6.2

5.2

5.4

75

7.0

9.1

11.9

10.3

10.8

10.5

7.2

9 2

87

7 6

18

34.6
30.8

35.6
31.0

36.3
30.3

36.7
29.0

37.5
29.0

35.5
29.3

37.2
31.2

38.0
31.9

37.9
32.9

40.4
33.7

40.3
34.1

39.9
34.7

39.5
34.1

42.2
34.8

42.5
35.5

44.6
35.5

47.4
35.5

46.6
36.4

48.1
37.3

48.9
38.4

44.1
37.0

51.0
41.8

50.5
41.8

50.8
43.3

19
20

169.2

172.4

174.4

175.4

179.3

180.9

182.6

188.3

191.1

191.8

194.5

194.9

195.9

195.1

199.2

200.2

201.7

203.5

202.4

203.2

202.5

207.2 211.3 217.4

21

89 3
79.9

90 8
81.6

91.5
82.9

91.7
83.7

93.0
86.4

94.9
86.0

95.7
86.9

99.0
89.3

102.4
88.7

102.4
89.3

104 0
90.5

103.5
91.4

102.6
93.3

101 0
94.0

102.6
96.5

102.3
97.9

102.2
99.5

101.7
101.8

99.5
103.0

99 0
104.3

97 2
105.3

qq 3 0.610 104.8
107.9 110.7 112.6

22
23

1969
I

II

III

IV

I

II

1972

1971

1970
III

IV

II

I

III

IV

I

1973
III

II

IV

I

1974
III

II

IV

II

I

IV

III

r
1,074.8 1, 079. 6 1,083.4 1,077.5 1,073.6 1,074.1 1,082.C 1,071.4 1,095.3 1, 103. 3 1,111.0 1,120.5 1,141.2 1, 163. 0 1,178.C 1,202.251,227.' 1,228.4 1,236.5 1.240.S 1,228."r 1,217.:1 1,210. 2 1,186.8

L
i
n
e
1

649.9

653.0

656.8

661.9

665.4

668.7

673.6

668.0

682.3

689.5

693.6

702.3

713.7

728.1

737.5

752. i;

765. *
$

5
766. :

770. 5

762.8

760. ()

763. iI

767. 2

748.9

2

92.2
275.1
282.6

92.0
275.8
285.2

91.6
276.8
288.4

91.7
277.9
292.3

89.7
280.3
295.4

90.7
281.2
296.7

90.7
283. 1
299.3

84.6
285.8
297.7

93.6
286.0
302.7

96.5
287.5
305.5

98.7
287.4
307.5

103.7
289. C
309.6

106.4
291.1
316.3

109.2
298.5
320.4

111.8i
301.^t
324.2<

117. ()
306.;I
328.**

124. ()
310. ()
331.;2

122. 'i
308. ;>
335.CJ

311. ^
337. c

121.;

115.7
308.2
338. c

114.'r
304.,>
340.*i

115 A> 116.8
303. ** 304. 7
343. <) 345. 7

102.9
298.9
347.2

3
4
5

168.9

170.6

171.6

161.1

154.7

154.8

156.7

152.7

162.2

168.4

167. C

169.7

179.1

186.2

205. ()

166.9

6

158.4
113.7
43.6
70.2
44.7
43.1
.6
q
12.2
11.9
.3

158.1
115.2
44.8
70.4
42.9
40.9
1.2
9
13.4
13.1
.3

154.3
114.2
44.2
70.0
40.1
38.6
.6
9
6.8
6.7
.2

151.8

150.0
111.7
43.2
68.5
38.3
37.0
.4
.9
4.8
4.3
.5

150.4
110.8
42.8
68. C
39. €
38.1
. i>

149.5
106.0
42.3
63.8
43.4
41.7
.8
c)
3.3
2.9
.3

154.3
107.8
42.2
65.7
46.4
44.9

158.4
107.1
41.9
65.2
51.3
49.7
e
1C
10. C

162.1
107.4
41.8
65. C
54. €
52.8
g
1C
5.C
3. t

166. C
109. e
41. C
68.7
56.4
54. e
.7
1 i
3.7

174.3
113.3
42.2
71.1

186. 'i
122. <)

59.2

176.1
114. e
42.3
72.2
61. C
59. S

190.:5
178.;2
116. c)
42.;t

197. (>

159.1
113.9
43.4
70.5
45.2
43.2
11
.9
9.8
9.5
.3

1c
4.8
4. ()
.8

1]
10.1
9.2
.8

ni.e

43. C
68.6
40.2
38.6
.7
.9
2.9
2.4
.5

c

6.2
6.1

.;

e

10
7.9
6.C
1.9

s.e

1.4

1.1

1J

60. g

r

e

206. ]I

206. (

212.6

195. <)

183. \
i

193. ;2 192. f5
128. (5 i3o. ;>
43.;2 44.;L 44.'i

191.*
132. ;

188.;5

79.'1
63.**
62. L
(5

64.,)
62.'j
.(

85. (3
62.:J

86.;

87.

177. () 169.0
129. <) 125. 0
43.,>
40.6
86. L
84.4
44.1
47. L
42.0
45. 3

10.**
10.;t
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11. <)
10. L
1.**

L
i ;2
13. (3

59.;
57. (
1. „
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183. 5(
134. 1>
46. L
88.;I
49. I
46. <)
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11. r
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-1. 1

2. I

5. 5

8.

12. L

18.

r

is. i

15.1

17.4 18

73.:J

77. 3
78.;I

84. 5
82. J

86. 7
81. L

88.
79.

90.'1
78. (3

98. 1
79. 5

99. 5
84. 2

96. 9
81.9

95.7 19
78.3 20

254.'r

250.,5

251.

253.,> 254. ) 255. )

254.7

253.6 21

94. <)
99. (3 100. I
153. (3 154. ,} 155. 5

94.
156.

94. <)
158. 5

95.7
159. 0

94.7 22
158.9 23

74.]L
61.'?
59. ( )
1

1 L
12. L
11. (5
.,>

i ;2

-2.4

-.6

-.6

1.4

1.4

2.1

.3

1.6

-1.4

-.2

54.6
56.2

64.6
67.1

65.2
65.8

64.4
65.1

67.2
65.8

67.7
66.3

67.4t
64. c

66.1
65.8

67. £
65. S

69.1
70. £

70. e

70.8

64.4
66.8

70.'
76.4I

69.7
74.]

257.6

258.4

255.7

255.1

252.2

249.2

249.25

250.3

249.2

246.8

250.5

251. C

254.1

253.25

252. () 253. 2

123.9
133.7

123.4
135.0

120.6
135.1

119.4
135.7

115.2
136.9

111.3
137.9

108. £
140.8

108. C
142.4

105.7
143. £

102. C
144.8

104.7
145.8

103.^J
147.7

149.;J

104. f

103. £>
149. 7

151.;I

-1.7




-2.4

-5.

-4.4

74. <)

100. (3

84.:J

1 '2

60.'r

11.;2

2. 5

46.;

11.:
2.<

133. c)

46.;r
r

54.:J

52.;I
j

L

J

r

2

24.^t
22. ()
2.;t

94. 7
159. 3

1

1 ,j
6.*J
7. 7
-.**

94. 7
160. 2

173. 2

7

13
4.2
5.6
-1.4

159.3 7
120.8 8
40.5 9
80.3 10
38.5 11
36.4 12
q 13
1 2 14
7.6 15
9.0 16
-1.5 17

CURRENT BUSINESS STATISTICS

JLHE STATISTICS here update series published in the 1973 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (available from the Superintendent of Documents for $6.80) provides a description of each series, references
to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1969 through 1972 (1962-72 for major quarterly
series), annually, 1947-72; for selected series, monthly or quarterly, 1947-72 (where available). Series added or significantly revised after the 1973
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (t), respectively; certain revisions for 1972 issued too late for
inclusion in the 1973 volume appear in the monthly SURVEY beginning with the August 1973 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 1973 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.
1972

Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes areas shown in
the 1973 edition of BUSINESS STATISTICS

1973

1974

1972
IV

I

II

1975

1974

1973
III

IV

I

II

III

I

IV

III

II

IV v

Annual total
Seasonally adjusted quarterly totals at annual rates

* GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
Gross natl onal product, total f

..bil.$_. '1,171.1 '1,306.3 '1,406.9 '1,219.4 '1,265.0 '1,287.8 '1,319.7 '1,352.7 '1,370.9 '1,391.0 '1,424.4 '1,441.3 ' 1,433.6 '1,460.6 ' 1,528.5 1, 573. 2

Personal consumption expenditures, total.. do

733.0

808.5

885.9

761.8

785.7

800.5

818.4

829.5

849.5

877.8

907.7

908.4

926.4

950.3

977.4

998.7

Durable goods, total 9
.. ..do
Motor v ehicles and parts
do
Furniture and household equipment.. -do

111 2
50.6
44.8

122 9
54.4
50.7

121.9
48.0
54.7

117.6
53.8
47.1

124.8
58.2
49.3

124.4
56.4
50.4

123.7
54.4
51.2

118.9
48.4
51.9

118.4
46.1
53.4

123.1
48.7
55.0

128.9
53.5
55.9

117.3
43.6
54.3

118.9
44.6
54.1

123.8
46.1
57.0

131.8
52.1
58.3

136.1
53.2
60.6

Nondurable goods, total 9
Clothing and shoes
Food
Gasoline and oil

do
do
do
..do

299.3
55.1
150.4
24.9

334.4
61.4
168.0
28.3

375.7
65.2
189.4
36.4

311.2
57.9
155.1
26.1

321.4
60.1
161.2
26.7

328.0
60.9
164.3
27.4

339.6
61.9
171.4
28.5

348.5
62.8
175.2
30.6

359.8
64.3
181.3
31.7

371.9
65.3
185.4
37.1

383.9
66.5
193.2
38.2

387.1
64.8
197.4
38.8

394.1
66.7
202.8
38.1

404 8
69.0
206.6
39.6

416.4
71.3
211.4
41.2

424.8
72.6
216.9
41.6

Services, total 9
Household operation. _.
Housing
Transportation
.

do
do
do
. .do

322.4
45.9
112 3
26.0

351.3
50.3
123.1
27.8

388.3
56.4
136.0
30.9

333.0
47.9
115.6
26.7

339.5
48.2
118.9
27.2

348.2
49.8
121.9
27.6

355.2
51.4
124.7
28.0

362.2
51.9
126.8
28.5

371.2
52.7
131.4
29.7

382.8
55.6
134.2
30.4

394.9
57.9
137.4
31.4

404.0
59.2
140.7
32.1

413.4
60.6
143.9
33.0

421.6
63.1
147.0
33.5

429.2
64.7
150.2
34.2

437.7
65.5
154.0
35.1

Gross private domestic investment, total. ..do

188.3

220.5

212.2

200.5

211.7

217.1

221.2

231.9

218.4

212.7

207.6

210.3

168.7

161.4

194.9

208.3

do .
do
.do
do .

178.8
116.8
42.5
74.3

203.0
136.5
49.0
87.5

202.5
147.9
54.4
93.5

189.7
123.8
44.0
79.9

199.3
131.0
46.3
84.8

202.8
134.5
47.7
86.7

205.6
138.5
50.3
88.2

204.2
141.8
51.5
90.4

203.5
145.9
53.4
92.5

203. 4
146.6
54.1
92.4

203.1
148.1
54.0
94.1

199.8
151.1
56.1
95.0

193.5
149.3
54.9
94.4

191.1
146.1
51.1
95.0

197.1
146.7
51.2
95.6

208.4
152.7
53.4
99.3

do
do
do

62.0
9.4
8.8

66.5
17.5
14.1

54.6
9.7
11.6

65.9
10.8
10.3

68.2
12.4
10.1

68.3
14.3
11.0

67.0
15.6
11.0

62.4
27.7
24.0

57.6
14.9
14.1

56.9
9.3
11.0

55.0
4.4
7.6

48.7
10.4
13.7

44.2
-24.8
-23.3

45.0
-29.6
-29.6

50.4
—2.1
-5.7

55.7
2
-5^7

do
do .
do

-3.3
72 7
75.9

7.4
101.5
94.2

7.7
144.2
136.5

-2.1
79.0
81.1

2.0
89.4
87.4

4.5
96.6
92.1

10.2
105.2
95.0

12.8
114.9
102.0

15.6
133.1
117.5

4.0
141.6
137.6

i4s!e

145.5

8.2
153.6
145.3

17.3
148.2
130.9

24.2
140.7
116.4

22.1
148.5
126.4

22 4
15L9
129.4

253.1
102 1
73.5
151.0

269.9
102.0
73.4
168.0

301.1
111.7
77.4
189.4

259.2
102.3
73.3
157.0

265.7
104.1
74.0
161.6

265.7
99.9
73.0
165.8

270.0
100.0
72.3
170.0

278.4
104.0
74.2
174.5

287.5
106.1
74.8
181.4

296.5
108.9
75.8
187.6

305.9
113.6
78.4
192.3

314.4
118.2
80.5
196.3

321.2
119.4
81.4
201.9

324.7
119.2
82.1
205.5

334.1
124.2
84.9
209.9

343.8
129.8
87.4
214.1

do
do
do
do
do
do

'1,161.7
516.6
202.1
314.5
510.8
134.3

1, 288. 8
582.3
228.8
353.5
559.5
147.0

1,397.2
626.5
238.5
388.0
624.1
146.6

1,208.6
538.6
213.0
325.6
529.3
140.7

do
do
.do

'9.4
6.3
3.2

'17.5
10.3
7.2

'9.7
7.5
2.2

'10.8
11.8
10

'12.4
6.8
5.6

'14.3
9.5
4.9

bil.$— '1,171.1

Fixed Investment
_
Nonresidential
Structures
Producers' durable equipment
Residential
Change in business inventories
Nonfarm
Net exports of goods and services
Exports
Imports
. .

Govt. purchases of goods and services, total -do
Federal
_
do
National defense
....
do
State and local
do
By major type of product: f
Final sales, total
Goods, total
Durable goods
..
Nondurable goods
Services
Structures
Change in business inventories...
Durable goods
Nondurable goods.
.

1,252.6 '1,273.5
573.9
565.6
228. 2
226.5
345.6
339.0
552. 7
540.8
146.3
147.0

1,304.1 '1,325.0 '1,356.1 1,381.7 '1,420.0 '1,430.9 '1,458.4 1 490 2 1,530.6 1, 573. 4
721.1
683.5
701.1
660.2
637.3
640.2
620.6
607. 9
600.1
589.7
277.4
267.5
258.8
243.8
239. 3
237.7
245.8
231.4
230.2
230.2
443.7
433.5
424.7
416.4
398. 0
394.4
376.6
383.0
359.5
369. 9
702.7
688.1
672.0
659. 3
649. 7
639 5
602. 1 612.0
578.8
565.8
149. 6
141.4
134.6
138.9
143. 9
149.1 147.2
146.1
146.1
148.6
-.2
'10.4 '-24.8 '-29.6 '-2.1
'4.4
'9.3
'27.7
'14.9
'15.6
-7.8
-5.6
14.9 -14.6 —15.5
5.9
2.7
11.4
13.5
6.7
7.7
3.5
-4.4 -10.2 -14.1
-1.4
6.5
8.2
14.2
4.2

GNP in constant (1972) dollars!
Gross national product, totalf

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

do
do
do ...

1,240.9 '1,228.7

1,217.2

1, 233. 4

1,210.7

1,202.2

1,227.7

1,228.4

1,236.5

733.0

766.3

759.8

752.8

765.8

766.2

770.5

762. 8

760.0

763.2

111.2
299.3
322. 4

120.9
309.6
335.8

112.5
303.0
344.4

117.6
306.4
328.8

124.0
310.6
331.2

122. 7
308.2
335.3

121.2
311.4
337.9

115.7
308.3
338.9

114.7
304.5
340.8

115.5
303.8
343.9

1,201.5 1, 217. 4

1,210.2 '1,186.8

1,158.6

1,168.1

767.2

748.9

752.3

764.1

771.6

778.2

116.8
304.7
345.7

102.9
298. 9
347.2

104.0
300.8
347.5

106.5
306. 9
350.8

112.3
308.0
351.2

114. 5
311.8
351.9

188.3

207.4

180.0

197.6

205.0

206.1

206.0

212.6

195.9

183.8

173.2

166.9

129.7

124.1

147.8

153.9

Fixed investment
Nonresidential
Residential
Change in business inventories

do
do
do
do

178.8
116.8
62.0
9.4

191.4
131.3
60.1
16.0

172.2
127.5
44.7
7.7

186.7
122. 9
63.8
10.8

193.2
128.6
64.5
11.9

192.5
130.2
62.3
13.6

191.8
132.4
59.4
14.2

188.2
133. 9
54.3
24.4

183.6
134.5
49.1
12.4

177.0
129. 9
47.1
6.8

169.0
125.0
44.1
4.2

159.3
120.8
38.5
7.6

148.7
115.2
33.6
-19.0

144.8
110.8
34.0
-20.7

148.7
110.6
38.0
-.8

153. 7
113.0
40.7
9

Net exports of goods and services

do

-3.3

7.2

16.6

2.1

5.6

8.9

12.1

18.7

15.3

15.1

17.4

21.5

24.9

23.5

24.3

Gross private domestic investment, total. ..do

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

-1.4

253.1
252.5
254.3
253.2
254.7
102.1
96.1
100.4
95.0
99.6
151.0
156.3
159.3
153.6
154.3
r
Revised.
p Preliminary.
t Revised series. E stimates o f national income a nd prodi.ict
and personal income have been revised back to 194€ (descript ive mater ial and e arlier da ta
appear in the Jan. 1976 SURVEY, Parts I and II); re^visions pr ior to No v. 1974 f 3r persorial

261.1
258.7
254.9
255.1
253.6
254.7
251.1 253.5
254.0
255.0
250.5
95. 9
94.9
92.4
93.7
94.7
95.7
94.7
94.7
94.9
94.2
94.9
165.2
163.8
162.5
161.4
158.9
160.2
158.5
159.3
159.0
155.5
156.9
9 Includes data for items nc t shown
incom e appear in table 2.2 in th e Jan. 19 76 SURV EY.
separgitely.

S-l
212-633 O - 76 - S-l




SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown in
the 1973 edition of BUSINESS STATISTICS

1973

1 1973 1 1974

1972

I

Annual total

II

January 1976
1974

III

IV

I

II

1975
III

1976

I

IV

II

III

IV*

I

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCTf— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
Implicit price deflators:!
Gross national product
Index, 1972
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment:
Fixed investment
Nonresidential
Residential
Govt purchases of goods and services
Federal
State and local

= 100. .
do
do
do
do
do
do
do
do
do
do

Proprietors' income with inventory valuation
and capital consumption adjustments,
total
bil. $-.
Farm
do
Nonfann
do
Rental income of persons with capital consumption adjustment
bil. $
Corp. profits with inventory valuation and capital consumption adjustments, total
bil. $.
Corp. profits with invent, val. adj.:
Domestic total
do
Nonfinancial total 9

do

Durable goods
do
Transportation, communication, and
electric, gas, and sanitary serv
bil. $. Rest of the world
do
Profits before tax total
Profits tax liabilitv
Profits after tax
Dividends
Undistributed profits
"NJ t

t

I

f

116.20
116.6
108.4
124.0
112.7

103.04
102.6
100.7
103.5
102.5

104.84
104.5
101.4
106.4
103.8

106.73
106.2
102.0
109.0
105.1

109.01
108.8
102.8
113.1
106.9

111.58
111.8
103.2
118.2
108. 9

114.28
115.0
106.6
122.4
111.3

117.70
118.3
110.4
126.0
114.2

121.45
121.3
114.0
129.5
116.4

123.74
123.1
114.4
131.0
119.0

125.04
124 .4
116.3
131.9
120.2

127.21
126.7
117.4
135.2
122.2

129. 22
12^3
118.9
136.2
124.4

100.0
100.0
100.0
100.0
100.0
100.0

106.0
104.0
110.6
106.9
106.1
107.5

117.6
116.0
122.1
118.4
117.6
118.9

103.2
101.9
105.8
104.3
103.6
104.8

105.3
103.3
109.7
106.1
105.3
106.6

107.2
104.7
112.9
107.5
106.1
108.3

108.5
106.0
114.9
109.8
109.5
110.0

110.9
108.5
117.4
113.2
112.1
113.8

115.0
112.9
120.7
116.3
114.9
117.1

120.2
118.5
124.9
120.1
118.6
121.0

125.4
125.0
126.7
124.0
124.8
123.6

130.1
129.6
131.6
125.9
127.3
125.1

131.9
131.8
132.3
127.3
128.9
128.4

132.6
132.6
132.5
129.2
130.9
128.2

135.6
135.2
137. 0
131.7
135.3
129.6

1, 067.3 1,141.1 1,031.2

1,052.9

1,122.3 1,129.6

,151.3

1,161.3

,155.2

,180.8

,232.5

797.7
700.9
552.3
22.1
126.5
96.8

873.0
763.1
603.0
22 3
137.7
110.0

769.7
676.5
531.6
22.3
122.6
93.2

787.8
692.5
545.5
21.9
125.2
95.3

805.4
707.6
558.2
21.8
127.7
97.8

828.0
727.1
573.9
22.5
130.7
101.0

843.9
738.7
583.1
22.3
133.3
105.2

863.9
755. 6
597.6
22.1
136.0
108.3

886.3
774.3
613.6
21.9
138.8
112.0

898.1
783.6
617.7
23.0
143.0
114.4

897.1
781.0
611.7
22.9
146.4
116.1

905.4
787.6
615.0
22.8
149.7
117.8

928.2
807.3
631.9
22.8
152.6
120.9

954. 9
830.5
650.3
23.6
156.6
124.4

76.1
18.0
58.1

91.7
32.4
59.3

85.1
25.6
59.5

85.9
26.5
59.4

90.1
31.2
58.9

95.0
35.2
59.7

96.0
36.8
59.3

93.0
33.7
59.3

81.8
22.3
59.5

82.1
21.9
60.2

83.6
24.6
59.0

79.6
21.0
58.6

78.6
20.1
58.5

88.0
29.3
58.7

87.0
28.2
58.8

21.5

21.3

21.0

21.8

21.2

21.3

21.1

21.1

21.0

20.9

20.9

20.8

20.5

20.9

22.0

91.3

101.9

99.6

98.9

100.4

99.6

94.3

89.2

82.0

78.9

96.6

113.1

92.0
17.9
74.1
42.4
20.9

85.9
17.2
68.7
40.9
16.5

87.2
17.1
70.2
39.8
11.6

82.0
18.3
63.7
37.0
9.7

75.1
16.5
58.6
31.9
9.2

77.6
18.3
59.3
30.0
8.9

95.7
15.5
80.2
43.5
16.0

113.4
14.9
98. 6
54.6
24.5

715.1
do
633.8
do
496. 2
do
do ... 22.0
115.6
do
81.4
do

Compensation of employees, total
Wages and salaries total
Private
Military
.
Government civilian
Supplements to wages and salaries

't

105. 92
105.5
101.7
108.0
104.6

bil. $-. '951.9

National income, totalf

P

100.00
100.0
100.0
100.0
100.0

A-

do
do
do
do
- - -do
4-

Af.

f

t •

rlo

92.1

100.2

1,078.1 1,106.8

84.7
15.4
69.3
40.6
22.5

91.7
17.4
74.3
43.8
24.0

82.5
17.3
65.3
37.4
11.8

9.0
4.8

8.5
6.8

7.0
11.0

9.2
6.5

8.1
6.6

8.6
6.5

8.2
7.7

6.2
14.4

7.3
8.8

7.7
10.0

6.7
11.0

5.1
5.8

7.9
5.8

11.3
6.2

96.2
41.5
54.6
24.6
30.0

117.0
48.2
68.8
27.8
40.9

132.1
52.6
79.5
31.1
48.4

115.2
47.8
67.5
26.4
41.0

117.9
48.8
69.1
27.2
41.9

115.8
47.8
68.0
28.1
39.9

119.1
48.6
70.5
29.5
41.0

128.3
49.4
78.9
30.0
48.9

129.6
52.6
77.1
30.9
46.2

146.7
59.3
87.4
31.7
55.7

123.9
49.2
74.7
31.7
43.0

97.1
37.5
59.6
32.1
27.5

108.2
41.6
66.6
32.6
34.0

129.5
50.7
78.8
33.5
45.3

-6.6
2.5
47.0

-18.4
1.6
56.3

-38.5
-2.3
70.7

-15.8
2.5
51.9

-20.6
2.2
54.3

-17.9
1.0
57.6

-19.5
.7
61.3

-28.0
-.7
64.8

-33.7
-1.7
68.7

-37.7
-4.2
76.7

-13.7
-4.5
78.7

-6.6
-5.0
79.7

-9.9
-6.5
82.2

92.9
16.8
76.1
45.6
26.5

90.8
17.5
73.2
44.8
24.7

91.4
17.4
74.0
42.6
23.8

-54.7
-2.7
72.7

33.1
-15.8
-8.6
85.7

DISPOSITION OF PERSONAL INCOME f
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
_._bil. $.. r 942. 5
141.2
Less: Personal tax and nontax payments
do
801.3
Equals: Disposable personal income
do
751.9
Less: Personal outlays©
-do
49.4
Equals: Personal saving§
do

1, 054.3 1,154.7 1,011.6 1,039.0 1,067.8 1,098.8 1,115.9 1,136.6
168.4
171.2
162.1
147.3
158.9
151.2
153.7
145.0
968.2
983.6
891.7
953.8
866.6
914.1 939.9
903.1
901.4
909.5 806.1 821.8
872.6
830.4
840.3 853.4
66.8
81.2
86.5
74.0
70.0
72.7
73.8
60.4

1,171.6 1,194.8 1,203.6 1,223.8 1,261.7 1, 294. 8
180.4
175.3
142.1
174.6
179.6
178.9
996.3 1,015.9 1,024.0 ,081.7 1, 087. 1 1,114.4
974.2 1,001.3 1, 023. 1
931.7
950.4
932.4
91.3
64.6
107.5
73.6
85.9
83.6

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries f
Nondurable goods industries t

bil $
do
co _ _
do

88.44
31.35
15.64
15.72

99.74
38.01
19. 25
18.76

112. 40
46.01
22.62
23.39

21.50
7.80
3.92
3.88

24.73
9.16
4.65
4.51

25.04
9.62
4.84
4.78

28.48
11.43
5.84
5.59

24.10
9.49
4.74
4.75

28.16
11.27
5.59
5.69

28.23
11.62
5.65
5.96

31.92
13.63
6.64
6.99

25.82
10.84
5.10
5.74

28.43
12.15
5.59
6.55

27.79 i 31. 45 i 26. 54
13.66
10.98
11.67
6.20
4.94
5.16
7.46
6.04
6.51

Nonmanufacturing
Mining
Railroad . ... .
Air transportation
Other transportation ..

do
do
do ...
do
.. do

57.09
2.42
1.80
2.46
1.46

61.73
2.74
1.96
2.41
1.66

66.39
3.18
2.54
2.00
2.12

13.69
.63
.46
.52
.32

15.57
.71
.46
.72
.43

15.42
.69
.48
.57
.44

17.05
.71
.56
.60
.47

14.61
.68
.50
.47
.34

16.89
.78
.64
.61
.49

16.61
.80
.64
.43
.58

18.29
.91
.78
.48
.71

14.98
.91
.59
.44
.62

16.28
.97
.71
.47
.77

16.12
.94
.62
.50
.85

17.79
1.00
.61
.43
.65

15.56
.96
.60
.29
.65

Public utilities ..
Electric
Gas and other
Communication
Commercial and other

do
do
do
do
do

17.00
14.48
2.52
11.89
20.07

18.71
15.94
2.76
12.85
21.40

20.55
17.63
2.92
13.96
22.05

3.95
3.45
.50
2.87
4.94

4.59
3.91
.68
3.27
5.40

4.82
4.04
.77
3.19
5.24

5.36
4.54
.82
3.53
5.83

4.38
3.85
.52
3.19
5.05

5.30
4.56
.75
3.60
5.46

5.20
4.42
.78
3.39
5.57

5.67
4.80
.87
3.78
5.97

4.42
3.84
.58
3.11
4.88

4.94
4.15
.79
3.22
5.19

5.07
4.16
.91
3.14
5.00

5.88
4.88
1.00

5.15
4.46
.69

29.21

27.90

do
do...
do
do

96.19
35.51
17.88
17.63

97.76
36.58
18. 64
17.94

100. 90
38.81
19.73
19.08

103.74
40.61
20.48
20.13

107. 27
42.96
21.43
21.53

111.40
45.32
22.50
22.82

113.99
47.04
23.08
23.96

116. 22
48.08
23.28
24.80

114.57
49.05
22.86
26.20

112.46
48.78
22.59
26. 19

__do._.
do
do
do
do

60.68
2.59
2.11
2.21
1.53

61.18
2.77
1.75
2.72
1.62

62.09
2.82
1.95
2.49
1.79

63.12
2.76
2.05
2.20
1.73

64.31
2.80
2.10
2.13
1.63

66.08
3.07
2.42
2.21
1.84

66.94
3.27
2.68
1.84
2.16

68.14
3.56
3.05
1.81
2.71

65.52
3.76
2.39
2.09
2.82

63.68
3.78
2.70
1.60
2.75

Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
.
....
Durable goods industries f
Nondurable goods industries 1
Nonmanufacturing
Mining
Railroad
Atr transportation
Other transportation

18.38
18.08
Public utilities
do
15.55
15.40
Electric
do
2.52
2.98
Gas and other
... do...
12.34
12.70
Communication
do. . .
21.55
21.53
Commercial and other
do...
T
Revised.
p Preliminary.
i Estimates (corrected for systematic biases) for Oct.Dec. 1975 and Jan.-Mar. 1976 based on expected capital expenditures of business. Expected
2
expenditures for the year 1975 appear on p. 12 of the Dec. 1975 SURVEY.
Includes communication.
fSee corresponding note on p. S-l.
9 Includes data for items not shown




112.16 i 114.80 i 118.16
49.88
47.39
48.16
22.34
21.82
21.01
27.53
26.34
26.38
64.76
3.82
2.75
2.12
2.99

66.64
3.93
2.36
1.67
2.91

68.28
4.00
2.49
1.36
3.04

23.62
21.54
19.52
19.79
20.28
20.16
20.93
20.97
19.80
20.12
18.58
19.77
18.02
16.41
16.58
17.47
17.03
18.10
17.76
16.72
16.00
17.12
3.86
3.52
3.21
3.25
2.68
3.11
3.17
2.87
3.08
3.00
2.58
12.50
12 95
14.04
13.36
14.01
13.94
13.24
13.12
13.83
20.82
20.83 20.34 2 34.24 2 33. 76
22.04
22.84
21.63
21.36
21.35
21.69
separately.
0Personal outlays comprise personal consumption expenditures, interes
paid by consumers to business, and personal transfer payments to foreigners (net).
§Personal saving is excess of disposable income over personal outlays.
UData for individual durable and nondurable goods industries components appear in the
Mar., June, Sept., and Dec. issues of the SURVEY.

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