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Table 2.—Personal Income and Its Use (II-2) Table 1.-—Gross National Product in Current and Constant Dollars (1-3, [Billions of dollars] 1964 1963 1964 1963 1961 1961 1962 1963 1964 P IV I II III 1962 1963 1964 * IV I IV* II III Seasonally adjusted at annual rates Seasonally adjusted at annual rates 417.6 442.4 464.1 491.4 474.5 480.9 487.9 494.5 Gross national product. . .518.7 556.2 583.9 622.3 599.0 608.8 618.6 628.4 Wage and salary disbursements _ _ _ 278.8 297.1 312.1 331.6 318.8 Personal consumption expendi337.3 356.8 375.0 399.2 381.3 390.0 396.1 404.6 406.2 tures 56 0 Durable goods 43.7 48.4 52.1 57.0 53.6 55.9 57.0 58.7 155. 4 162.0 167.5 177.1 168.9 172. 9 175.3 179.5 IQQ'C Nondurable goods n'o 16 166.4 146.4 161.1 Services 155.3 165.1 158.8 163.8 138.3 Gross private domestic invest68.8 79.1 82.0 87.7 87.1 85.9 87.2 87.3 IVJ 323.2 328.7 334.3 Commodity-producing industries 110.8 118.5 123.3 129.8 125.5 126.7 128.9 130.8 Manufacturing only. 87.5 94.2 98.0 103.0 99.9 100.6 102.4 103.8 Distributive industries.. 72.9 76.6 80.3 84.9 81.9 82.7 84.1 85.7 43.4 46.4 49.3 52.6 50.2 51.3 52.4 52.9 Service industries 51.8 55.6 59.2 64.2 61.3 62.4 63.4 64.9 Government.— 90 £ 502.2 340.0 132.8 105.2 87.2 53.9 66.1 O ther labor income 11.6 12.3 13.1 14 -JL 13.4 13.7 14.0 14.2 14.5 48.2 49.8 50.6 52.0 51.5 51.2 51.7 52.1 52.8 38.3 13.2 38.6 12.6 39.1 12.6 39.6 12.6 39.9 12.9 41.0 44.2 46.6 48.9 48.3 49.2 48.9 48.9 Residential nonfarm Other 21.1 19.8 23.6 20.6 25.2 21.3 26.0 22.9 26.2 22.1 26.9 22.3 26.2 22.7 25.7 23.1 OK n H'l Proprietors' income Business and professional 35.3 12.9 36.6 13.2 37. 6 13.0 39.3 12.7 Producers' durable equipment 12.3 12.4 12.4 12.4 12.4 12.4 12.5 29.0 31.0 35.1 32.4 34.2 34.6 35.6 35. 9 Rental income of persons. __ 12.2 Dividends 15.2 12.2 25.9 16.5 18.0 19.8 19.1 19.4 19.8 20.0 20.2 Change in business inventories 1.9 5.9 4.4 3.7 6.4 2.5 3.7 2.8 60 Personal interest income.. _ 27.5 30.0 32.9 36.0 34.2 35.0 35.7 36.3 36.9 2.7 .1 fio J •4 Transfer payments Old-age and survivors insurance benefits State unemployment insurance benefits 33.6 34.7 36.7 38.2 37.2 38.3 38.0 38.0 38.4 12.6 14.3 15.2 16.0 15.4 15.6 16.1 16.1 16.1 4.0 4.8 12.2 2.9 4.8 12.7 2.8 5.0 13.7 2.6 5.2 14.4 3.0 5.1 13.6 2.8 5.2 14.8 2.5 5.3 14.2 2.4 5.2 14.2 2.6 5.3 14.3 9.6 10.3 11.8 12.7 12.1 12.3 12.5 12.8 13.0 52.9 45.1 7.8 57.9 49.1 8.8 61.6 51.9 9.6 59.5 49.0 10.6 63.3 53.4 9.9 61.4 51.2 10.2 57.7 47.3 10.5 58.8 48.2 10.6 60.2 49.3 10.9 364.7 384.6 402.5 431.8 411.2 419.5 430.2 435.6 442.0 337.3 356.8 375.0 399.2 381.3 390.0 396.1 404.6 27.3 27.8 27.5 32.6 29.9 29.5 34.0 31.0 406.2 35.9 Addendum: Disposable personal income in constant (1954) dollars.. 328.2 343.4 354.9 375.8 360.7 366.7 374.7 378.8 383.2 1.5 .3 Farm Net exports of goods and services Imports 4.6 27.6 23.0 . 5.3 .6 4.0 29.2 25.2 Government purchases of goods and services 108.0 116.3 30.7 26.3 6.7 34.9 28.2 6.0 .4 5.8 32.6 26.9 122.6 128.7 124.8 2.2 .3 7.7 34.5 26.8 125.2 3.4 .3 7.0 5.7 33.7 27.9 35.7 28.7 129.6 129.5 _ ,. O. 7 29 2 ' 57.4 62.9 64.7 65.6 64.9 64.3 67.1 65.5 49.0 8.9 .6 53.6 10.2 .9 55.2 10.3 .8 55.3 11.4 1.1 55.3 10.5 .9 54.0 11.5 1.2 57.0 11.0 .9 55.2 11.2 .9 _ _ _ 50.6 53.5 57.9 63.0 59.9 60.9 62.5 64.1 o4. o Other Less: Government sales„ 4.4 3.6 .1 fi 130.3 fi_7 °°- ' „. 1 JJ• Q 11. o 1.2 Federal State and local 3.9 .5 48 Addenda: Gross National Product in Constant (1954) dollars... 447.9 476.4 492.6 515.7 502.0 508.0 513.5 519.6 Implicit price deflator for seasonally adjusted GNP, 1954 ~ 100 115. 8 116.7 118.5 120.7 119.3 119.8 120.5 121.0 52L 5 Farm.....::.:.:.:.:.:.: Other , Less: Personal contributions for social insurance. Less: Personal tax and nontax payments Federal... State and local Equals: Disposable personal inrmmt* C °me Less: Personal consumption ex penditures Equals: Personal saving _ v Preliminary. ' Preliminary. Table 3.—Relation of Gross National Product, National Income and Personal Income (1-17, 1-18) [Billions of dollars] 1963 1961 1962 1963 1964 v IV Table 4.—-Personal Consumption Expenditures by Major Type (II-6) [BiUions of dollars] 1964 I II III IV* 1961 1962 1963 1964P IV Seasonally adjusted at annual rates Gross national product 518.7 Less: Capital consumption allowances 44.5 Equals: Net national product. _ 474.1 Less: Indirect business tax and nontax liability . 49.0 Business transfer pajTments 2.4 Statistical discrepancy -2.6 Plus: Subsidies less current surplus of government enterprises 1.6 Equals: National income 426.9 Less: Corporate profits and inventory valuation adjustment-44.1 Contributions for social insurance 21.4 Excess of wage accruals over disbursements 0 Plus: Government transfer payments to persons 31.3 Net interest paid by government 7.4 Dividends 15.2 Business transfer payments 2.4 Equals: Personal income 417.6 Preliminary. 633.5 48.7 50.8 53.4 51.7 52.5 53.1 53.7 507.5 533.1 568.8 547.3 556.3 565.5 574.8 54.4 578.9 55.9 59.4 57.3 57.9 59.0 60.1 2.4 2.4 2.5 2.4 2.5 2.5 2.5 -1.8 -2.7 -2.1 -1.8 -1.6 -2.4 -1.4 .8 1.6 1.0 .7 .7 .9 1.0 455.6 478.5 509.8 490.0 498.4 507.1 514.5 60.7 2.5 n.a. .9 n.a. Goods and services, total II III IV* 24.1 25. 6 22.7 22.3 23.1 24.2 24.2 24.4 8.2 8.5 8.8 8.8 57.0 53.6 55.9 Automobiles and parts 17.1 -20. 6 22.7 24.2 23.2 Furniture and household equipment 19.3 20.2 21.4 24.0 8.8 Other 7.3 Nondurable goods, total 7.6 8.0 155.4 162.0 167.5 Food and beverages 81.3 84.6 87.1 Clothing and shoes _ 28.7 29.9 30.7 56.4 57.9 58.: 23.9 26.9 28.7 27.5 28.0 28.4 29.1 0 0 0 0 0 0 32.3 34.3 35.7 34.7 35.9 35.5 35. 35.9 Housing 8.0 16.5 8.6 18.0 9.2 19.8 8.8 19.1 9.1 19.4 9.3 19.8 9.2 20.0 9.3 20.2 Household operation. 2.5 502.2 56.2 24.3 52.1 53.1 -.1 58.7 48.4 57.0 29.3 406.2 57.0 43.7 50.8 n.a. 390.0 396. 1 404.6 337.3 356.8 375.0 399.2 381.3 Durable goods, total 48.4 2.4 2.4 2.5 2.4 2.5 2.5 2.5 442.4 464.1 491.4 474.5 480.9 487.9 494.5 I Seasonally adjusted at annual rates 556.2 583.9 622.3 599.0 608.8 618.6 628.4 52.8 1964 1963 175.3 179.5 9.0 180.8 177.1 168.9 172.9 91.6 87.8 89.7 90.6 92.8 93.1 33.2 30.9 32.1 33.2 33. 8 33.6 Gasoline and oil 11.9 12.3 12.8 13.6 13.0 13.3 13.5 13.5 13.9 Other. 33.6 35.2 36.9 38.8 37.3 37.8 38.0 39.3 40.1 161.1 163.8 166.4 Services, total 138.3 146.4 155.3 165.1 158.8 169.2 44.2 46.5 48.9 51.5 49.8 50.5 51.1 51.8 52.4 20.4 21.6 22.7 24.4 23.0 23.5 24.0 24.8 25.3 Transportati on 10.7 11.3 11.7 12.2 11.8 12.0 12.2 12.2 12.4 Other 63.0 67.0 72.0 77.1 74.1 75.1 76.4 77.7 79.1 __ v Preliminary. 15 CURRENT BUSINESS STATISTICS JL HE STATISTICS here update series published in the 1963 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SURVEY OF CURRENT BUSINESS. That volume (price $2.00) contains data by months, or quarters, for the years 1959 through 1962 (1951-62, for major quarterly series) and averages of monthly or quarterly data for all years back to 1939; it also provides a description of each series and references to sources of earlier figures. Series added or significantly revised after the 1963 BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1962 issued too late for inclusion in the aforementioned volume appear in the monthly SURVEY beginning with the August 1963 issue. Also, unless otherwise noted, revised monthly data (for periods not shown herein) corresponding t o revised monthly averages a r e available upon request. ..-.'..,• Statistics originating in Government agencies are not copyrighted and may be reprinted freely, through the courtesy of the compilers, and are subject to their copyrights. Unless otherwise stated, statistics through 1962 and descriptive notes are shown in the 1963 edition of BUSINESS STATISTICS 1961 | 1962 | 1963 1961 1962 IV Annual total I 1 II Data from private sources are provided 1964 1963 | III | IV I | II III | IV I III II IV* i Seasonally adjusted quarterly totals at annual rates GENERAL BUSINESS INDICATORS—Quarterly Series NATIONAL INCOME AND PRODUCT 426.9 455.6 478.5 442.4 447.2 454.3 457.8 463. 2 467.9 474.6 481.9 490.0 498.4 507. 1 514. 5 302.2 323. 1 340. 3 310.7 316.6 322.4 325.3 328. 0 332.7 338. 1 342.7 347.7 352. 5 358.6, 364. 8 370.6 Wages and salaries, total .__ do Private ___do Military - - -do._ Government civilian do Supplements to wages and salaries: _ _ _ _ d o Proprietors' income, totaled do Business and professional cf -do Farm _-_ do Rental income of persons— __ do Corporate profits and inventory valuation adjustment, total .'•. bil. $ 278.8 227. 0 10.2 41.6 23.4 48.2 35.3 12.9 12.2 297.1 241.6 10.8 44. 7 25.9 49.8 36.6 13.2 12. 2 312.1 252.9 10.9 48. 3 28.2 50.6 37.6 13.0 12.3 286.8 233. 2 10.8 42.8 23.9 49.6 36. 3 13.3 12.2 291.2 236.5 11.1 43.6 25.4 50,0 36.3 13.7 12.2 296.6 241.5 11. 0 44.1 25.8 49. 9 36.6 13.3 12.2 299.2 243.5 10.7 45.0 26.1 49. 7 36. 7 13.0 12.2 301.6 244. 8 10.5 46. 3 26.4 49.7 36.9 12.8 12.2 305.3 247.5 10.6 47.2 27.4 50.3 37. 1 13.2 12.3 310. 1 251.6 10.7 47.8 27. 9 50.1 37.3 12. 8 12.3 314.3 255.0 10.7 48. 7 28.4 50.7 37.8 12.9 12. 4 318.8 257.6 11.7 49.6 28.8 51.5 38.3 13.2 12.4 323.2 260.8 11.7 50.7 29.4 51.2 38.6 12. 6 12.4 328.7 265.3 11.7 51.7 29.9 51.7 39.1 12.6 12.4 334.4 269.4 11.8 53. 2 30.4 52. 1 39. 6 12.6 12.4 339.9 274.0 11.9 54.0 30.7 52.8 39.9 12.9 12.5 44. 1 - 48.4 50.8 49.0 47.1 48.0 48.3 50.3 49.1 50.2 51.4 53.1 56,4 57. 9 58.1 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 44.2 22.3 21.9 15. 2 6.7 -.1 48.2 23.2 25.0 16.5 8.5 .3 51.3 24.6 26.7 18.0 8.7 -.4 49.3 24.8 24. 5 15.7 8.8 -.3 47.2 22.7 24.5 16. 1 8.4 -.1 47.9 23.0 24.9 16. 4 8.5 .0 48.1 23. 1 25.0 16.5 8.5 .1 49.4 23. 8 25.7 17.1 8.6 .9 48.9 23.4 25. 5 17.2 8.3 .2 51. 1 24.5 26.6 17.7 8.9 -.9 51.3 24.5 26.7 17.9 8.9 .2 54.3 26.0 28.3 19.1 9.2 -1.2 56.6 25.4 31.2 19.4 11.8 -.2 57.9 26.0 31.9 19. 8 12.1 -.1 58.0 26.0 32.0 20.0 12.0 .1 20.1 22. 1 24.4 20.9 21. 3 21.8 22.3 22. 9 23.5 24.0 24.7 25.4 25.9 26.5 27.1 27.6 National income, totalf ___•__ bil. $__ Compensation of employees, total Net Interest .. - ;___do . Gross national product, totalf ..do.... do 518. 7 556.2 583.9 536. 9 Personal consumption expenditures, total. .do.... 337.3 356. 8 375. 0 345.2 Durable goods, total© . r _ do Automobiles and parts.-.--— .. ._ do Furniture and household equipment— do____ Nondurable goods, total © _ _ _ _ do. Clothing and shoes do Food and alcoholic beverages.... do.._. Gasoline and oil _— _ do Services, total® _ do Household opera tion__ __ do Housing-. do Transportation _. do 43.7 17.1 19,3 155.4 28.7 81.3 11.9 138.3 20. 4 44.2 10. 7 48. 4 20.6 20. 2 162. 0 29.9 84.6 12.3 146.4 21.6 46.5 11.3 52.1 22. 7 21. 4 167.5 30. 7 87.1 12.8 155. 3 22.7 48.9 11.7 68.8 79.1 do 41.0 do. . . . 21.1 do.__ _ • 25.9 do 1.9 do 1.5 44.2 23. 6 29.0 5.9 5.3 Gross private domestic investment, total _ do New construction Residential nonf arm.. Producers' durable equipment-..-Change in business inventories Nonfarm...-- __ __ _ -.7 545.5 553.4 559.0 566. 6 571.8 577.4 587.2 599.0 608.8 618. 6 628.4 633.5 350.5 354.0 358. 5 364.0 369. 2 372.0 377.4 381.3 390.0 396. 1 404.6 406. 2 46.0 18.6 19.9 157.8 29.4 82.2 12.0 141. 4 20.9 45.0 10. 8 47. 4 19.7 20.1 159. 5 29.6 83.2 12.2 143. 6 21.3 45. 6 11.1 47.7 20.3 19.9 161. 0 29.7 84, 1 12.2 145.3 21.3 46.2 11. 2 48.4 20.5 20.3 162.9 30.0 85.2 12.3 147. 2 21.7 46. 8 11.4 50.2 21.8 20.6 164.4 30.2 85.9 12. 5 149. 5 22.0 47.5 11.5 51.1 22.4 20. 8 166. 0 30.4 86.4 12.7 152. 1 22.4 48.0 11.6 51. 5 22.6 21. 0 166. 6 30.1 86. 9 12.8 153.9 22.4 48.6 11. 7 52.2 22.6 21.6 168.6 31.3 87.3 •12.9 156.6 22.9 49.2 11.7 53. 6 23.2 22.3 168.9 30.9 87.8 13.0 •158. 8 23.0 49. 8 11.8 55.9 24.3 23.1 172.9 32.1 89.7 13.3 161. 1 23.5 50.5 12. 0 57.0 24.1 24.2 175. 3 33.2 90.6 13.5 163.8 24.0 51.1 12.2 58.7 25.6 24.2 179. 5 33.8 92,8 13. 5 166.4 24.8 51.8 12.2 56.2 22.7 24.4 180.8 33.6 93.1 13.9 169.2 25.3 52.4 12.4 82.0 74.9 77.4 78.9 80.2 79. 9 77.9 80.2 82.8 87.1 85.9 87.2 87.3 90.5 46. 6 25. 2 31.0 4.4 3.9 41. 9 22. 1 27.4 5.6 5.2 42. 5 22.5 28.1 6.9 6.4 44. 1 23.5 28. 8 6. 1 5.5 45. 5 24.4 29.6 5.1 4.4 44. 9 24.0 29.7 5.4 4. 8 44.7 24.3 29.6 3.6 3.0 45.9 25.1 30.7 3.6 3.2 47.2 25.4 31.4 4.2 3.7 48.3 26.2 32.4 6.4 6. 0 49. 2 26.9 34.2 2.5 2.2 48.9 26. 2 34.6 3.7 3.4 48.9 25.7 35.6 2.8 2.7 48.6 25.0 35.9 6. 0 6.3 x Net exports of goods and services... ___ _do____ Exports __' do Imports ___ ._.__ . d o 4.6 27.6 23. 0 4.0 29.2 25.2 4.4 30.7 26.3 4.3 28.4 24.1 3.4 28. 0 24.6 4.3 29.6 25. 3 4.4 29.7 25.3 3.9 29.4 25.5 3.4 28.8 25. 4 4.3 30.5 26. 3 4.2 31.0 26.8 5.8 32.6 26.9 7.7 34.5 26. 8 5.7 33.7 27.9 7.0 35.7 28. 7 6.5 35.7 29. 2 Govt. purchases of goods and services, total do Federal (less Government sales)...— ___., do.." National defense 9 __ do 108. 0 57.4 49.0 50.6 116.3 62.9 53.6 53.5 122.6 64.7 55.2 57. 9 112.6 59.8 50.9 52.8 114. 3 61.4 52.5 52.8 116. 1 63.6 55.3 52.5 115.9 62.4 53. 0 53.5 118.7 63.8 53.5 54.8 121. 4 65.1 54.8 56.3 120.9 64.3 55.2 56.7 122.8 64.4 55. 5 58.4 124.8 64.9 55.3 59.9 125.2 64.3 54.0 60.9 129.6 67.1 57.0 62.5 129.5 65.5 55.2 64.1 130. 3 65.7 55.1 64.6 516.8 257.9 94.5 163.4 200.8 58.1 550.3 273.6 102.3 171.3 214. 7 62.0 579.5 285.8 108.2 177, 6 228.4 65.2 531. 4 264.8 98.4 166. 5 206. 8 59.7 538.7 268. 9 100.2 168.7 210. 0 59.8 547.3 273. 5 103.5 170. 0 212.2 61.6 554. 0 273.9 101.4 172.6 216.8 63.2 561.2 278. 2 104.1 174.1 220. 0 63.0 568. 2 280.9 105. 0 175. 8 224. 7 62.7 573.7 286.5 111. 0 175.5 223.5 63.7 583.0 285. 7 106.6 179. 1 231. 2 66.2 592.6 290.3 110.4 179. 9 234. 5 67. 8 606.4 298.2 114. 3 183. 9 239.6 68.6 614.9 304.3 119.0 185.4 241. 7 68.9 625. 7 310. 5 120.7 189.8 246.0 69.2 State and local—. _.___ By major type of product:! Final sales, total Goods, total Durable goods.— Nondurable goods. Services Construction Inventory change, total Durable goods. Nondurable goods .___ do do do _..._ do____ _ _ _ _ _ ___.do— do do _ _ . ' _ do do ____I_do_II_ 1.9 5.9 4.4 5.6 6.9 -.1 3.0 2.2 3.6 3.9 2.0 2.9 ' 2. 2 2. 9 2.0 'Revised, f Preliminary. fRevised series. Estimates of national income and pro duct and personal income have been revised back to 196: (see p. 8 ff . of tlle July 1964 SUR^ revisions prior to May 1963 for personal income ap aear on i 3. 15 Of t he July 1964 SUE VEY] 760-045 O - 65 - 3 _._. .„__ 6.1 5.1 5.4 3.6 6.4 3.6 4.2 2.5 3.7 2.8 3.1 3.1 1.8 1.5 2.7 1. 5 3.0 1.3 2.5 .7 3.0 2. 0 3.6 2.0 .9 3.4 1.5 2.7 1.8 1.2 cflncl udes in ventory valuatio n adjus fcment. ©Incluc es data not sh own sep arately. 9Go\rernment sales ai e not d(^ducted, i Prel iminary annual totals ft>r 1964 f or componei] ts showri in this <3olumn a ppear on p. 15 of ;his issue of the S UEVEY. S-1 SURVEY OF CUEEENt BUSINESS S-2 Unless otherwise stated, statistics through 1962 and descriptive notes are shown in the 1963 edition of BUSINESS STATISTICS 1961 1962 | 1963 Annual total II 1964 1963 1962 I January 1965 III IV I II III IV I 1965 II III IV «521.5 I GENERAL BUSINESS INDICATORS—Quarterly Series—Continued NATIONAL INCOME AND PRODUCT— Con. Quarterly Data Seasonally Adjusted at Annual Rates GNP in constant (1954) dollars Gross national product, totalt bll. $ 447.9 476.4 492. 6 469.1 475.1 478. 3 483.0 485.4 487.9 494.8 502.0 508.0 513.5 519.6 Personal consumption expenditures, total.. do 303.8 318.5 330.6 314. 2 316.6 319.8 323.6 327.0 328. 6 332. 4 334.4 340.9 345.0 351.8 41. 4 143. 5 118. 9 45.7 148. 3 124.5 49.3 151.6 129. 7 44.8 146.6 122.7 44.9 147.8 123. 8 45.6 149.1 125.0 47.6 149.5 126.5 48.5 150.7 127. 8 48.6 151. 1 128.9 49.4 152.5 130.6 50.8 152. 1 131. 6 53. 1 155. 2 132.6 54.0 157.4 133.7 55.6 160.9 135.3 57.4 65.9 67.7 64.8 65.8 66.3 66.5 64.7 66.2 68.1 71.7 70.1 70.8 70. 4 34.3 21.4 1.7 36.7 24.0 5.2 35.5 23.2 6.1 36.6 21 8 5.4 37.5 24.4 4.4 39.2 28.3 3.3 38.6 29.2 2.5 Durable goods Nondurable goods Services > do do do Gross private domestic Investment, total ... do. ... New construction Producers* durable equipment Change In business Inventories do do do 37.9 25.6 4.1 37.0 24.7 4.9 36.8 24.6 3.4 37.5 25.4 3.3 38.2 25.9 4. 0 39.0 26.8 5. 9 39.6 28.1 2.4 do . 2.5 2.2 2.2 1.3. 2.8 2.8 2.1 1.3 2.1 2.0 3.5 5.4 3.4 4.5 Govt. purchases of goods and services, total-do. _._ Federal do State and local do 84.3 44.8 39.4 89.8 49.4 40.3 92. 1 49.7 42.4 88.8 48.4 40.4 89.9 50.2 39.8 89. 4 49.2 40.2 90.7 49.9 40.9 92.4 50.7 41.8 91.0 49.4 41.7 92.3 49.6 42.7 92.4 48.9 43.4 91.6 47.8 43.8 94.3 49.8 44.5 92.8 47.8 45.0 DISPOSITION OF PERSONAL INCOMEf Quarterly Data Seasonally Adjusted at Annual Rates Personal Income, total bll. $ Less' Personal tax and nontax payments do Equals* Disposable personal Income do 417.6 52.9 364.7 442.4 57.9 384.6 464.1 61.6 402.5 434.7 56. 1 378.5 441.0 57.6 383.4 444.5 58.5 386.0 449.7 59.3 390.4 455. 2 60.1 395.1 460.2 61.1 399..1 466.3 61.9 404.4 474.5 63.3 411.2 480. 9 61.4 419.5 487. 9 57.7 430.2 494.5 p«502.2 58.8 « 60.2 435.6 «442. 0 29.4 27.5 26.4 25.9 27.1 27.0 29.9 29.5 34.0 31.0 p« 35.9 Net exports of goods and services Personal savlno1 § do NEW PLANT AND EQUIPMENT EXPENDITURES Unadi'usted quarterly or annual totals: All Industries .— . bll. $ 27.3 27.8 27.5 28.0 34.37 37. 31 39.22 8.02 9.60 9.62 10.18 8. 25 9.74 10.14 11.09 9.40 11.11 11.54 Manufacturing do Durable goods Industries _do____ Nondurable goods lndustries_________._do____ 13.68 6.27 7.40 14.68 7.03 7.65 15.69 7.85 7. 84 3.14 1.44 1.69 3.69 1.77 .1.82. 3.72 1.79 1.93 4.13 2.03 2.10 3.27 1.62 1. 65 3.92 1.96 1.85 3.95 1.96 1.99 4.56 2.31 2.25 3.79 1.93 -1.87 4.53 2.30 2.23 4.67 2.37 2.30 5.51 2.75 2.76 4.43 2. 19 2.24 .98 .67 1.85 5.52 3.22 8.46 1.08 .85 2.07 5.48 3.63 9.52 1.04 1.10 1.92 5.65 3.79 10.03 .26 . 16 .47 1.06 .88 2.06 .27 .26 .60 1.37 .93 2.37 .28 .24 .50 1.54 .87 2.48 .27 .20 .50 1.52 .95 2.60 .24 .21 .39 1.04 .85 2.26 .26 .28 .54 1.40 .95 2.41 .27 .29 .45 1.60 .93 2.64 .28 .33 .54 1.61 .1.06 2.72 .26 .32 .51 1.18 . 97 2.37 .29 .36 .63 1.58 1.10 2.61 .30 .37 .59 1. 71 1.06 2.84 .32 .41 .57 1.68 .29 .38 .53 1,27 34.11 33.68 35.70 36. 95 38.35 37.95 36.95 38.05 40.00 41.20 42.55 43.50 45. 65 14. 20 6.55 7.60 14.45 6.95 7.50 15.05 7.25 7.80 15.00 7.30 7.70 14.85 7.35 7.50 15.30 7.65 7.65 15.95 8.00 8.00 16.45 8.30 8.15 17. 40 8.85 8.55 17.80 9.00 8.80 18. 85 9.60 9.20 1.15 .70 2.05 5.15 3.70 8.75 1.05 .95 2.25 5.40 3.65 9.25 1.10 1.00 2.00 5.75 3.60 9.85 1.00. .80 1.80 5.45 3.60 10.20 1.05 .90 1.70 5.20 3.55 9.65 1.00 1.00 2.05 5.45 3.65 9.65 1.05 1.20 1.85 5.90 3.85 10. 20 1.05 1.35 2.10 5.80 4.05 10. 45 1.15 1.40 2.30 5.95 4.05 10.25 1.15 1.25 2.25 6.30 4.30 10.45 1.20 1.50 2.40 6.30 4.40 11.00 4,780 4,790 4,800 4,815 4,825 4, 835 4,850 4,860 4, 875 4,895 4,910 Mining do Railroads do Transportation, other than rail........... do Public utilities do Communications do Commercial and other do Seas. adj. qtrly. totals at annual rates: Nondurable goods Industries do Railroads Transportation other than rail Public utilities Communications do do do do BUSINESS POPULATION Firms in operation, end of quarter (seasonally adjusted) ____thous__ < 4, 713 44,755 4 4, 797 U.S. BALANCE OF INTERNATIONAL PAYMENTScft Quarterly Data are Seasonally Adjusted 33, 486 35,990 8,447 8,151 8,312 8, 576 8,724 9,713 8,482 9,071 9, 253 9,797 .....do 14,497 2,954 5, 401 16, 134 3,044 5,843 16,996 2,897 6, 442 3,948 758 1,412 4,058 749 1,462 4,088 745 1,465 4,040 792 1,504 4,037 747 1,543 4,212 731 1,588 4, 368 711 1,654 4,379 708 1,657 4,366 717 1,665 4,576 728 1,704 4, 747 684 1, 770 do 705 4,054 738 4,293 826 4,522 187 1,074 189 1,065 177 1,066 185 1, 088 209 1,060 209 1,336 206 1,009 202 1,117 197 928 208 1,130 214 1, 075 4,180 1,599 1, 025 1, 556 3,434 1 654 1,227 553 4,307 1,888 1,685 734 1,068 260 390 418 628 446 303 -121 771 417 208 146 967 531 326 110 1,128 618 546 -36 1,637 477 598 562 534 235 303 -4 1,008 558 238 212 1,380 521 227 632 1, 451 571 263 617 1,408 519 586 303 do 30,419 32,394 33,685 7, 706 7,925 8,408 8, 355 7,780 8,429 8,596 8,880 9,329 9, 121 9, 512 do do 19, 913 8,525 20, 576 9, 508 21,989 10, 031 5,032 2,198 5,237 2,397 5,288 2, 339 5,019 2,574 4,990 2,545 5,472 2,505 5,610 2,427 5,917 2,554 6,112 2,888 6,036 r 6, 362 2,802 2, 803 1,280 969 1,030 696 \ -1,372 -1,092 -2,305 Excess of recorded receipts or payments (— )_._do Unrecorded transactions (net)-. __do__._ -998 -1,111 -339 150 326 237 54 606 175 287 475 166 79 190 262 424 135 189 220 216 113 188 94 201 147 -741 -7 -226 -214 96 -430 -221 -460 -944 -118 -1,284 -11 114 -267 -191 57 76 -170 -676 -54 -386 -176 -440 Total, net receipts or payments (— ) do -748 -2, 370 -2,203 -2, 644 Net receipts or payments (— ), incl. transactions in nonmarketable, medium-tenn convertible Govt. securities... . mil. $ -1.942 ••Revised. * Preliminary. ' « See note 1 on p. S-l. i Estimates for Oct.-Dec. 1964 based on anticipated capital expenditures of business. 2 Estimates for Jan .-Mar. 1965 based on anticipated capital expenditures of business. Anticipated expenditures for the year 1964 are as follows (in bil. $): All industries, 44.66; manufacturing, total, 18.51; durable goods industries, 9.35; nondurable goods industries, 9.16; mining, 1.18; railroads, 1.46; transportation, 2.31; public utilities, 6.14; commercial and other (incl. communications), 15.06. 3 includes communications. -334 -681 -1,062 -1,295 -153 -134 -94 -730 -562 ; . Other services.. Govt. grants and capital outflows U.S. private capital (net) Direct investments Long-term portfolio Short-term U S receipts recorded Exports: IVIerchandlse Services and military sales _ do do ...do do do Repayments on U.S. Govt. loans do.... Foreign capital other than liquid funds (net), do.— 146.70 2 47. 90 19.75 20.40 9.80 10.15 9.95 10.25 1.25 1.75 2.30 6.00 1.25 1.70 2.35 6. 40 3 15. 55 3 15. 80 •s, 31,791 Imports: Merchandise U2.60 2 10. 58 1, 274 707 e 9, 898 —94 -359 -608 22 -712 -1,143 -109 « UnadjustedL. Data represen b firms iii operation as of Jan. 1; e stimate for Jan. 1, 1963> fSee coi•respond]ing note on p. S-l (revisioiisforqtrs.ofl961 is based on in<complete data. appear on p. 8 ff . of theJuly 1964 SURVE r). §Personal sa ving is excess of d isposabl B income over pe rsonal co nsumption expenditures shown as a conaponent of gross n ational p roduct o a p. S-l. cf More coinplete de tails are given in the qu arterly r eviews i a the MCar., June, Sept. and Dec. issues of the £SURVEY. JRevisions f or 1960-2 d qtr. 19C 1 appear on p. 10 of the JuBe 1964 SURVEY.
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