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Gross National Product 1963 1962 1963 1964 IV 1964 I II 1963 III IV 1962 1963 1964 IV 1964 I II III IV Seasonally adjusted at annual rates TABLE 1.— GROSS NATIONAL PRODUCT (1-3,1-4) Billions of dollars Gross national product Personal consumption expenditures Durable goods Nondurable goods Services ___ _. _ __ _ _ _ __ _ _ _ _ __ Gross private domestic investment Billions of dollars, unadjusted for seasonal variation 556.2 583.9 622.6 599.0 608.8 618.6 628.4 634.6 556.2 583.9 622.6 158.9 146.7 154.9 152.5 168.3 356.8 375.0 399.3 381.3 390.0 396.1 404.6 406.5 356.8 375.0 399.3 103.4 93.6 97.6 97.9 110.4 48.4 162.0 146. 4 52.1 167.5 155.3 57.0 177.3 165.1 53.6 168.9 158.8 55.9 172.9 .161. 1 57.0 175.3 163.8 58.7 179.5 166.4 56.3 181.3 169.0 48.4 162.0 146.4 52.1 167.5 155.3 57.0 177.3 165. 1 16.2 47.9 39.3 12.6 40.2 40.8 14.2 42.5 40.9 13.1 43.2 41.6 16.9 51.6 41.8 79.1 82.0 87.7 87.1 85.9 87.2 87.3 90.4 79.1 82.0 87.7 21.1 21.1 22.7 21.7 22.0 44.2 46. 6 48.9 48.3 49.2 48.9 48.9 48.7 44.2 46.6 48.9 12.6 10.3 12.4 13.4 12.7 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 25.1 23.6 23.6 20.6 25.2 21.3 26.0 22.9 6.7 5.8 5.2 5.1 6.9 5.5 7.3 6.1 6.5 6.2 Producers' durable equipment 29.0 31.0 35.1 32.4 34.2 34.6 35.6 36.0 29.0 31.0 35.1 8.6 7.8 9.3 8.5 9.5 Change in business inventories 5.9 4.4 3.7 6.4 2.5 3.7 2.8 5.7 5.9 4.4 3.7 0 3.0 .9 -.2 -.2 5.3 .6 3.9 •5 3.6 .1 6.0 .4 2.2 .3 3.4 ' .3 2.7 .1 6.1 -.4 5.3 .6 3.9 .5 3.6 .1 -.1 .1 2.9 .1 .8 .1 -.3 0 -.1 -.1 Xew construction _ Residential nonfarm _ _ _ _ _ _ _ _ _ _ _ Other Nonfarm Farm __ _ _ __ _ _ _ _ _ _ Net exports of goods and services Exports Imports _ _ _ -_- _ __ Government purchases of goods and services Federal _ _ _ _ _ National defense Other _Less: Government sales _ __ --_- _ _ State and local 4.0 4.4 7.0 5.8 7.7 5.7 7.0 7.7 4.0 4.4 7.0 1.8 2.0 1.6 1.0 2.4 29.2 25.2 30.7 26.3 35.2 28.2 32.6 26.9 34.5 26.8 33.7 27.9 35.7 28.7 37.1 29.4 29.2 25.2 30.7 26.3 35.2 28.2 8.5 6.7 8.5 6.4 8.7 7.1 8.4 7.5 9.6 7.2 116.3 122.6 128.6 124.8 125.2 129.6 129.5 130.0 116.3 122.6 128.6 32.6 30.0 33.1 31.9 33.6 62.9 64.7 65.5 64.9 64.3 67.1 65.5 65.3 62.9 64.7 65.5 17.2 15.5 17.4 15.7 16.9 53.6 10.2 .9 55.2 10.3 .8 55.4 11.2 1.1 55.3 10.5 .9 54.0 11.5 1.2 57.0 11.0 .9 55.2 11.2 .9 55.3 11.3 1.2 53.6 10.2 .9 55.2 10.3 .8 55.4 11.2 1.1 14.0 3.3 .2 13.1 2.6 .3 15.5 2.2 .3 13.0 3.0 .2 13.8 3.4 .3 53.5 57.9 63.0 59.9 60.9 62.5 64.1 64.6 53.5 57.9 63.0 15.5 14.5 15.6 16.2 16.6 TABLE 2.— GROSS NATIONAL PRODUCT IN CONSTANT DOLLARS, AND IMPLICIT PRICE DEFLATORS (1-5, VII-3) Gross national product 492.6 516.0 502.0 508.0 513.5 519.6 522.7 116.7 118.5 120.7 119.3 119.8 120.5 121.0 121.4 318.5 330.6 347.5 334.4 340.9 345.0 351.8 352.4 112.0 113.4 114.9 114.0 114.4 114.8 115.0 115.4 45.7 148.3 124.5 49.3 151.6 129.7 54.2 158.8 134.6 50.8 152.1 131.6 53.1 155.2 132.6 54.0 157.4 133.7 55.6 160.9 135.3 53.9 161.9 136.6 105.9 109.2 117.5 105.6 110.5 119.8 105.2 111.6 122.7 105.6 111.1 120.7 105.4 111.4 121.5 105.7 111.4 122.5 105.5 111.6 123.0 104.3 112.0 123.7 476.4 ___ Personal consumption expenditures Durable goods Nondurable goodsServices Implicit price deflators for seasonally adjusted GNP, 1954=100 GNP in billions of 1954 dollars _. Gross private domestic investment 65.9 67.7 71.0 71.7 70.1 70.8 70.4 72.7 36.7 37.9 38.9 39.0 39.6 39.2 38.6 38.2 120.6 122.9 125.7 123.9 124.3 124.9 126.6 127.3 20.1 16.5 21.2 16.7 21.3 17.6 21.8 17.2 22.3 17.3 21.6 17.5 20.9 17.7 20.3 17.9 117.2 124.8 119.1 127.6 122.1 130.1 120.2 128.7 120.7 128.8 121.4 129.1 122.9 130.9 123.4 131.7 Producers' durable equipment 24.0 25.6 28.8 26.8 28.1 28.3 29.2 29.5 120.9 120.9 121.9 121.0 121.7 122.0 121.9 121. 9 Change in business inventories 5.2 4.1 3.3 5.9 2.4 3.3 2.5 5.0 4.8 .4 3.6 .5 3.2 .1 5.5 .4 2.1 .3 3.0 .3 2.4 .1 5.4 -.4 New construction _ . _ _ _____ Residential nonfarm Other Nonfarm Farm Net exports of goods and services Exports Imports Government purchases of goods and services Federal. State and local _ 2.2 2.2 4.6 3.5 5.4 3.4 4.5 5.2 27.5 25.3 29.1 26.8 33.4 28.7 30.9 27.4 32.7 27.3 31.9 28.5 33.8 29.2 35.1 29.9 105. 9 99.5 105.7 98.1 105. 6 98.2 105.6 98.1 105. 6 98.2 105.6 98.2 105.6 98.2 105.6 98.2 89.8 92.1 92.8 92.4 91.6 94.3 92.8 92.4 129.6 133.1 138. 5 135.2 136.8 137.4 139.5 140.7 49.4 40.3 49.7 42.4 48.2 44.6 48.9 43.4 47.8 43.8 49.8 44.5 47.8 45.0 47.3 45.1 127.2 132.5 130.2 136.4 136.0 141.3 132.6 138.1 134. 5 139.2 134. 7 140.5 137.0 142.2 138.1 143.4 TABLE 3.— GROSS NATIONAL PRODUCT BY MAJOR TYPE OF PRODUCT (1-6, 1-7) Billions of 1954 dollars, seasonally adjusted at annual rates Billions of dollars 556.2 583.9 622. 6 599.0 608.8 618.6 628.4 634.6 476.4 492.6 516.0 502.0 508.0 513.5 519.6 522.7 550.3 5.9 579.5 4.4 618.9 3.7 592.6 6.4 606.4 2.5 614.9 3.7 625.7 2.8 628.8 5.7 471.2 5.2 488.5 4.1 512. 7 3.3 496.1 5.9 505.6 2.4 510.2 3.3 517.0 2.5 517.7 5.0 279.5 290.2 309.3 296.7 300.7 308.0 313.3 315.3 250.3 258. 1 273.1 263. 2 266.2 271.8 276.3 278.3 Inventorv change 273 6 5.9 285.8 4.4 305.6 3.7 290.3 6.4 298.2 2.5 304.3 3.7 310.5 2.8 309.6 5.7 245. 1 5.2 254.0 4.1 269.8 3.3 257.3 5.9 263.8 2.4 268.5 3.3 273. 7 2.5 273.3 5.0 Durable goods output Final sales Inventory change 105 3 102 3 3.0 110.4 108.2 2. 2 120. 0 118.0 2.0 113.4 110.4 3.0 114.9 114.3 .7 121.4 119.0 2.5 122.0 120.7 1.3 121.6 117. 9 3.7 91.7 89.2 2.6 96.3 94.4 1.9 104.5 102.8 1.7 99.0 %.4 2.6 100.4 99.8 .6 105. 4 103.3 2.1 106.0 104.9 1-1 106.2 103.2 3.0 Nondurable goods output. Final sales Inventory change 174.2 171.3 2.9 179.8 177.6 2.2 189.3 187.6 1.7 183. 3 179.9 3.4 185. 7 183.9 1.8 186.6 185.4 1.2 191.3 189.8 1.5 193.8 191.7 2. 1 158.6 155. 9 2.6 161.8 159. 6 2.3 168.6 167.0 1.6 164. 2 160.9 3.3 165.8 164.0 1.8 166.4 165.2 •1.2 170. 3 168.8 1.5 172.1 170.1 2.0 214.7 228.4 244.3 234.5 239. 6 241.7 246.0 250.3 174.8 181.4 188.3 184.2 186.8 186.7 188.9 190.6 62.0 65.2 69.0 67.8 68.6 68.9 69.2 69.0 51.3 53.0 54.6 54.6 55.0 55.0 54r4 53.9 21.9 24.4 25.5 25.6 25.8 26.4 26.8 23.0 18.3 20.4 21.2 21.6 21.7 22.0 22.1 19.1 Gross national product Final sales Inventory change Goods output Services _ Construction. _ _ _ _ _ _ Addendum: Auto product 16 TABLE 5.-CORPORATE GROSS PRODUCT [Billions of dollars] TABLE 4.—FARM GROSS PRODUCT Billions of 1954 dollars Billions of dollars 1962 1963 1962 1964 1963 ___ 39.8 40.5 40.0 40.2 Less: Value of intermediate products consumed total *18.4 18.9 18.8 18.5 19.0 19.1 21.5 21.7 21.2 21.8 22.6 22.5 Total value of farm output Equals' Farm GNP 41.5 1962 1963 1964 41.5 Personal, Government, and Foreign Transactions on GNP Accounts 1964 1963 1964 IV I II III IV Seasonally adjusted at annual rates Corporate gross product _ Indirect taxes- -Capital consumption allowances Income originating in corporate business _ _ C ompensation of employees Net interest Profits before tax, including inventory valuation adjustment *_ 309.0 323.9 345.1 331.7 337.4 343.7 348.6 32.9 34.6 36.7 35.4 35.8 36.5 37.1 30.5 31.8 33.7 32.4 33.0 33.4 33.8 n.a. 37.4 34.4 245.7 257.5 274.7 263.9 268.6 273.8 277.7 198.9 208. 5 220.0 212.4 214.7 218.3 221.8 .8 .7 .8 .8 .9 .7 ,7 n.a. 225.3 .8 55.1 n.a. 45.9 48.3 53.9 50.7 53.1 54.8 NOTE.—Back data published in the July 1964 Survey. Excludes profits originating in the rest of the world. 1 TABLE 6.—PERSONAL CONSUMPTION EXPENDITURES BY MAJOR TYPE (II-6, II-7) [Billions of dollars] 1964 1963 1962 1963 1964 IV I II III IV Seasonally adjusted at annual rates Goods and services, total 1964 1963 IV I II III IV Unadjusted for seasonal variation 356.8 375.0 399.3 381.3 390.0 396.1 404.6 406.5 103.4 93.6 97.6 97.9 110.4 48.4 52.1 57.0 53.6 55.9 57.0 58.7 56.3 16.2 12.6 14.2 13.1 16.9 20.6 20.2 7.6 22.7 21.4 8.0 24.2 24.0 8.8 23.2 22.3 8.2 24.3 23.1 8.5 24.1 24.2 8.8 25.6 24.2 8.8 22.8 24.5 9.0 6.3 6.8 3.1 5.8 5.2 1.6 6.7 5.6 1.9 5.6 5.8 1.8 6.0 7.5 3.4 Nondurable goods, total 162.0 167.5 177.3 168.9 172.9 175.3 179.5 181.3 47.9 40.2 42.5 43.2 51.6 Food and beverages Clothing and shoes Gasoline and oil Other 84.6 29.9 12.3 35.2 87.1 30.7 12.8 36.9 91.7 33.4 13.5 38.7 87.8 30.9 13.0 37.3 89.7 32.1 13.3 37.8 90.6 33.2 13.5 38.0 92.8 33.8 13.5 39.3 93.6 34.3 13.7 39.7 22. 6 10.3 3.2 11.7 21.4 6.8 3.1 8.9 22.6 7.8 3.5 8.6 23.6 7.4 3.6 8.7 24.1 11.5 3.4 12.6 146.4 155.3 165.1 158.8 161.1 163.8 166.4 169.0 39.3 40.8 40.9 41.6 41.8 46.5 21.6 11.3 67.0 48.9 22.7 11.7 72.0 51.5 24.4 12. 2 77.1 49.8 23.0 11.8 74.1 50.5 23.5 12.0 75.1 51.1 24.0 12.2 76.4 51.8 24. 8 12.2 77.7 52.4 25.1 12. 3 79.1 12.5 5.7 2.9 18.3 12.6 6.7 2.8 18.7 12.8 5.9 3.1 19.1 12.9 5.6 3.2 19.8 13.1 6.1 3.1 19.5 Durable goods, total Automobiles and parts Furniture and household equipment Other Services, total _ - '. _. . Housing Household operation Transportation Other _ _ _ _ _ TABLE 7.— GOVERNMENT RECEIPTS AND EXPENDITURES (IH-3, IH-4) Federal Government receipts _ Personal tax and nontax receipts Corporate profits tax accruals Indirect business tax and nontax accruals. . _ Contributions f o r social insurance_ _ _ _ Federal Government expenditures ._ _ - 106.4 113.6 113.8 117.2 114.8 112.3 114.0 N.A. 26.5 28.1 32.5 27.4 N.A. _ _ __ 49.1 21.8 15.1 20.5 51.9 23.0 15.6 23.0 49.0 24.0 16.4 24.4 53.4 24.4 15.9 23.5 51.2 23.9 15.9 23.9 47.3 24.4 16.4 24.2 48.2 24.4 16.6 24.7 49.3 N.A. 16.6 25.0 12.0 6.3 4.2 4.0 11.6 5.6 3.7 7.2 14.8 5.9 4.3 7.5 12.0 6.0 4.0 5.4 10.6 N.A. 4.4 4.3 110.4 116. 6 117.2 120.2 119.2 120. 1 30.0 28.8 30.5 29.5 30.5 17.2 16.9 _ . 115.2 119.2 Purchases of goods and services 62.9 64.7 65.5 64.9 64.3 67.1 65.5 65.3 15.5 17.4 15.7 Transfer payments To persons Foreign (net) 28.3 26.7 1.6 29.9 28.3 1.6 31.0 29.3 1.8 30.3 28.6 1.7 31.1 29.5 1.5 30.7 29.1 1.6 30.8 29.1 1.7 31. 5 29.4 2.2 7.3 7.0 .4 8.0 7.6 .4 7.7 7.3 .4 7.6 7.2 .4 7.7 7.2 .5 8.0 7.1 4.2 9.1 7.7 3.8 10.4 8.4 3.9 9.9 7.9 3.5 9.8 8.3 3.7 10.4 8.4 3.6 10.6 8.4 3.9 10.7 8.4 4.2 2.6 2.0 .9 2.3 2.1 1.0 2.4 2.1 .8 2.9 2.1 1.2 2.8 2.1 1.0 -4.1 -1.5 -5.3 .6 -2.4 -7.8 -5.2 N.A. -3.5 -.7 2.0 -2.1 N.A. 59.5 64.4 69.8 66.7 67.8 69.2 70.6 N.A. 19.2 16.0 17.6 16.0 N.A. 2.5 N.A. 13.5 1.1 2.8 Grants-in-aid to State and local governments __ Net interest paid _ _ Subsidies less current surplus of government enterprises Surplus or deficit (— ) on income and product account _ _ _ State and local government receipts _ _ „ Personal tax and nontax receipts Corporate profits tax accruals Indirect business tax and nontax accruals _ Contributions for social insurance. Federal grants-in-aid _ State and local government expenditures Purchases of goods and services Transfer payments to persons Net interest paid Less: Current surplus of government enterprises Surplus or deficit (— ) on income and product account 10.6 1.6 43.1 4.2 10.4 9.9 1.6 41.3 4.0 9.9 10.2 1.6 42.1 4.1 9.8 10.5 1.6 42.6 4.2 10.4 10.6 1.6 43.4 4.3 10.6 10.9 N.A. 44.1 4.3 10.7 2.4 .4 12.8 1.0 2.6 2.9 .4 9.5 1.0 2.3 3.0 .4 10.7 1.0 2.4 2.2 .4 9.4 1.1 2.9 62.0 67.3 64.0 65.3 66.9 68.3 68.9 16.5 15.6 16.7 17.3 17.7 57.9 6.0 .8 2.8 63.0 6.4 .9 3.0 59.9 6.1 .8 2.8 60.9 6.3 .9 2.8 62.5 6.4 .9 2.9 64.1 6.4 .9 3.0 64.6 6.5 .9 3.1 15.5 1.5 .2 .7 14.5 1.6 .2 .7 15.6 1.6 .2 .7 16.2 1.6 .2 .8 16.6 1.6 2 '.8 2.4 2.4 2.7 2.4 2.3 2.3 N.A. 2.7 .4 .8 -1.3 N.A. 8.8 1.4 37.8 3.5 8.0 9.6 1.5 40.2 3.9 9.1 57.3 53. 5 5.6 .8 2.6 2.1 TABLE 8.—FOREIGN TRANSACTIONS IN THE NATIONAL INCOME ACCOUNT (IV-2, IV-3) Receipts from abroad 29.2 30.7 35.2 32.6 34.5 33.7 35.7 37.1 8.5 8.5 8.7 8.4 9.6 Exports of goods and services 29.2 30.7 35.2 32.6 34.5 33.7 35.7 37.1 8.5 8.5 8.7 8.4 9.6 29.2 30.7 35.2 32.6 34.5 33.7 35.7 37.1 8.5 8.5 8.7 8.4 9.6 25.2 1.6 2.4 26.3 1.6 2.8 28.2 1.8 5.3 26.9 1.7 4.1 26.8 1.5 6.2 27.9 1.6 4.1 28.7 1.7 5.2 29.4 2.2 5.5 6.7 .4 1.4 6.4 .4 1.6 7.1 .4 1.2 7.5 .4 .5 7.2 .5 1.9 Payments to abroad _ Imports of goods and services Net transfer payments by Government Net foreign investment „. 17 18 SURVEY OF CURRENT BUSINESS February 1965 National and Personal Income (Billions of dollars) 1963 1962 1963 1964? IV 1964 I II III IV P 1962 1963 1964 Seasonally adjusted at annual rates 455.6 478.5 509.8 490.0 498.4 507.1 514.5 Compensation of employees __ 323.1 340.3 361.7 347.7 352.5 358.6 364.8 Wages and salaries _ _ _ _ 297.1 312.1 331.6 318.8 323.2 328.7 334.4 Private _ _ 241.6 252.9 267.4 257.6 260.8 265.3 269.4 Military. 10.8 10.9 11.8 11.7 11.7 11.7 11.8 Government civilian _ _ _ 44.7 48.3 52.4 49.6 50.7 51.7 53.2 Supplements to wages and salaries. . -25.9 28.2 30.1 28.8 29.4 29.9 30.4 Employer contributions for social insurance 13.6 15.1 16.0 15.4 15.7 15.9 16.2 Other labor income 12.3 13.1 14.1 13.4 13.7 14.0 14.2 Employer contributions to private pension and welfare funds- 9.7 10.4 Other 2.6 2.7 Proprietors' income Business and professional _ __ Income of unincorporated enterprises Inventory valuation adjustment. _. Farm _ _ _ _ _ 49.8 36.6 50.6 37.6 52.0 39.3 36.6 0 13.2 37.6 0 13.0 39.3 0 12.7 13.2 12.6 12.6 Rental income of persons 12.2 12.3 12.4 12.4 12.4 12.4 - 51.5 38.3 51.2 38.6 51.7 39.1 52.1 39.6 I II III IV P TABLE 12.—RELATION OF GROSS NATIONAL PRODUCT, NATIONAL INCOME, AND PERSONAL INCOME (1-17,1-18) n.a. 370.6 339.9 274.0 11.9 54.0 30.7 16.2 14.5 Gross national product 556 2 583.9 622 6 599 0 608 8 618 6 628 4 Less: Capital consumption allowances 48.7 1.6 12.4 12.5 58.1 58.0 26.0 32.0 20.0 12.0 .1 n.a. n.a. n.a. n.a. 20.2 n.a. -.7 Netinterest 22.1 24.4 26.8 25.4 25.9 26.5 27.1 27.6 634 6 60.7 2.5 na 12.9 57.9 57.9 26.0 31.9 19.8 12.1 -.1 53.1 Less: Indirect business tax and nontax liability 52.8 55.9 59.4 57 3 57.9 59.0 60.1 Business transfer payments 2.4 2.4 2.5 2.4 2.5 2.5 2.5 Statistical discrepancy —1.8 -2 7 — 1 7 — 1 8 — 1 6 —2 4 — 1 4 12.6 56.4 56.6 25.4 31.2 19.4 11.8 -.2 52.5 54.4 Less: Corporate profits and inventory valuation adjustment _ _ 48.4 Contributions for social insur23.9 ance Excess of wage accruals over disbursements _ _ _ _ __ _ 0 57.0 53.1 57.2 54.3 25.6 26.0 31.6 28.3 19.8 19.1 11.8 9.2 -.2 -1.2 51.7 580.2 Equals: National income 50.8 51.3 24.6 26.7 18.0 8.7 -.4 53.4 507.5 533.1 569.1 547. 3 556.3 565.5 574.8 Equals: Net national product- 52.8 39.9 48.4 48.2 23.2 25.0 16.5 8.5 .3 50.8 53.7 Plus: Subsidies less current surplus of government enterprises _ __ _ Corporate profits and inventory valuation adjustment _ _ _ _ _ Profits before tax__ Profits tax liability Profits after tax Dividends _ _ _ _ Undistributed profits Inventory valuation adjustment _ __ IV Seasonally adjusted at annual rates TABLE 9.-NATIONAL INCOME BY TYPE OF INCOME (1-8, 1-9) National income 1964 1963 1.0 .9 .7 1.0 .7 .9 455.6 478.5 509 8 490.0 498. 4 507.1 514.5 n.a. 50.8 57.0 53.1 56.4 57.9 58.1 26.9 28.7 27 5 28.0 28.4 29.0 0 0 0 0 0 34.3 35.7 34.7 35.9 35.5 35.5 35,9 9.3 19.8 2.5 9.2 20.0 2.5 20.2 2.5 _ _ _ 442.4 464.1 491.4 474.5 480.9 487.9 494.5 502.2 Plus: Government transfer payments to persons _ _ __ _ Net interest paid by government - -_ Dividends _ _ _ ~ Business transfer payments Equals: Personal income 1.0 n.a. 32.3 8.0 16.5 2.4 8.6 18.0 2.4 9.2 19.8 2.5 8.8 19.1 2.4 9.1 19.4 2.5 .1 29.3 -. 1 9.3 TABLE 13.—PERSONAL INCOME AND ITS USE (II-2) TABLE 10.—NATIONAL INCOME BY INDUSTRY DIVISION (1-11) Personal income All industries, total Agriculture, forestry, and fisheries Manufacturing. _ _ __ _ Durable goods industries _ _ Nondurable goods industries Wholesale and retail trade _ _ Finance, insurance, and real estate Transportation Communications and public utilities _ _ Services Government and government enterprises Other 455.6 478.5 509.8 490.0 498.4 507.1 514.5 18.9 18.6 n.a. 130.8 137.4 147. 0 140.6 144. 2 147.4 148.5 78.5 82.9 88.8 85.4 87.0 88.8 90.0 52.3 54 4 58 2 55.2 57.1 58 6 58 5 73.8 77.4 82.0 79.5 80.2 81.5 82.8 46.3 48.7 51.1 50.0 50.3 50.8 51.3 18.8 19.5 20.3 19.7 19.7 20.1 20.6 18.6 19.3 20.5 19.7 19.8 20.1 20.9 n.a. n.a. n.a. n.a. n.a. n.a. n.a. 60.9 n.a. 55.6 60.3 32.4 18.9 59.5 64.5 33.4 18.6 64.1 70.0 36.3 19.0 66.8 34.0 18.5 n.a. 62.2 68.0 35.6 18.6 63.7 69.1 35.8 64.5 70.8 36.4 n.a. n.a. TABLE 11.—NATIONAL INCOME BY CORPORATE AND NONCORPORATE FORM OF ORGANIZATION (1-14) National income 455.6 478.5 509.8 490.0 498.4 507.1 514.5 n.a. Income originating in corporate busi245.7 257.5 274.7 263.9 268.6 273.8 277.7 ness n.a. Compensation of employees _ _ _ 198.9 208.5 220.0 212.4 214.7 218.3 221.8 Wages a n d salaries _ _ _ _ _ 180.9 189.2 199.6 192.7 194.7 198.0 201.1 Supplements to wages and salaries. 18.0 19.3 20.4 19.7 20.0 20.3 20.7 225.3 204.5 20.8 Corporate profits and inventory valuation adjustment * Profits before tax 1 Profits tax liability Profits after tax 1 Inventory valuation adjustment- _ Net interest Income originating outside corporate business 1 45.9 45.6 23.2 22.4 .3 48.3 48.8 24.6 24.2 -.4 .9 .7 53.9 50.7 54.1 51.9 25.6 26.0 28.5 25.9 -.2 -1.2 .7 .7 54.8 55.1 54.8 55.0 26.0 26 0 28 8 29.0 -.1 .1 .8 .8 n.a. n.a. n.a. n.a. -.7 .8 240.5 442. 4 464.1 491.4 474.5 480.9 487.9 494.5 502.2 297.1 312.1 331.6 318.8 323.2 328.7 334.3 118.5 123.3 129.8 125.5 126.7 128.9 130.8 94.2 98.0 103.0 99.9 100.6 102.4 103.8 76.6 80.3 84.9 81.9 82.7 84.1 85.7 46 4 49 3 52.6 50.2 51.3 52.4 52.9 55.6 59.2 64.2 61.3 62.4 63.4 64.9 340.0 132.8 105.2 87.2 53.9 66.1 12.3 13.1 14.1 13.4 13.7 14.0 14.2 14.5 49.8 36.6 13.2 50 6 37.6 13.0 52.0 39.3 12.7 51 5 38.3 13.2 51.2 38.6 12.6 51.7 39. 1 12.6 52.1 39.6 12.6 52.8 39.9 12.9 Rental income of persons - 12 2 12.3 12.4 12.4 12.4 12.4 12.4 12.5 Dividends -. .. _ Personal interest income 16.5 30 0 18.0 32 9 19.8 36 0 19.1 34 2 19.4 35.0 19.8 35.7 20.0 36.3 20.2 36.9 Transfer payments Old-age and survivors insurance benefits State unemployment insurance benefits Ve trans' benefits _ Other 34.7 36.7 38 2 37.2 38.3 38.0 38.0 38.4 14.3 15.2 16.0 15.4 15.6 16.1 16.1 16.1 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 Less: Personal contributions for social insurance 10 3 11 8 12.7 12.1 12.3 12.5 12.8 13.0 Less: Personal tax and nontax payments Federal State and local 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 Equals: Disposable personal income, _ 384.6 402.5 431.8 411.2 419.5 430.2 435.6 442.1 Less: Personal consumption expendi356.8 375.0 399.3 381.3 390.0 396.1 404.6 tures 406.5 Other labor income - - Proprietors' income Business and professional Farm - - - - 31.0 35.5 Addendum: Disposable personal in343.4 354.9 375.8 360.7 366.7 374.7 378.8 come in constant (1954) dollars 383.1 Equals : Personal saving 210.0 221.0 235. 1 226.1 229.8 233.3 236.8 Excludes profits originating in the rest of the world. p Preliminary. .8 53.1 53.3 25.4 27.9 -.2 Wage and salary disbursements Commodity-producing industries.. Manufacturing only Distributive industries. __ Service industries Government .- 27.8 27.5 32.5 29.9 29.5 34.0 CURRENT BUSINESS STATISTICS A HE STATISTICS here update series published in the 1963 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SUEVEY OF CURKENT 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 to revised monthly averages are available upon request. Data from private sources are provided 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 IV Annual total 1962 I II 1963 | III | IV I 19641 | III II I IV II III IV 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 r> 370. 6 Wages and salaries total .do _ _ _ Private --- do Military __.--- -do Government civilian do Supplements to wages and salaries. _ _ _ — do Proprietors' income, totalcf do Business and professionald* _ _ 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 I 39 6 12 6 12 4 v 339 9 v 274. 0 pll.9 p 54. 0 J>30.7 v 52. 8 »39.9 P12.9 *>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 -j 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 P20.2 do. 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 do 518. 7 556.2 583.9 536.9 545.5 553.4 559.0 566 6 571 8 577 4 587 2 599 0 608 8 618 6 628 4 r Personal consumption expenditures, total __do 337.3 356.8 375. 0 345.2 350.5 354.0 358.5 364.0 369.2 372.0 377.4 381.3 390.0 396.1 404.6 '406.5 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 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 o 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 o 51 1 12 2 58 7 25.6 242 179 5 ••56 3 ••22.8 National income total f __bil. $__ Compensation of employees, total Net Interest do -- Gross national product, totalf Durable goods, total© _ 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 operation do Housing _ do Transportation _ do Gross private domestic investment, total. _ _do____ » — .7 634 6 r 24. 5 qq o f 181 3 r 34 3 92.8 13 5 r 93. 6 r 13 7 Ififi 4 r 169 0 r 25 1 24 8 51 8 12 2 52 4 ' r 12 3 68.8 79.1 82.0 74.9 77.4 79.9 77.9 80.2 82. 8 87.1 85.9 87.2 87.3 '90.4 44 2 23.6 29.0 59 53 46 6 25.2 31.0 44 39 41 9 22.1 27.4 56 52 42 5 22.5 28.1 69 64 78.9 44 i 23.5 28.8 61 55 80.2 41 0 •21.1 25.9 19 15 45 5 24.4 29.6 51 44 44 9 24.0 29.7 54 48 44 7 24.3 29.6 36 30 45 9 25.1 30.7 36 32 47 2 25.4 31.4 4 2 37 48 ^ 4.O 9 4ft Q 26.2 32.4 6 4 60 26.9 34.2 25 22 48 9 26.2 34. 6 37 34 25.7 35.6 252 r 48 7 r25.1 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 4.3 30 5 4.2 31 0 5.8 7.7 5.7 7.0 qc 7 Govt. purchases of goods and services, total.- do Federal (less Government sales) do National defense 9 ___, "do State and local.. _ 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.,! 63.6 55 3 52 5 115.9 62.4 53 0 53 5 By major type of product:f Final sales, total.. _ _ - _ — _ _ Goods, total ___. Durable goods.. „__. Nondurable goods__ Services.,-... Construction. __ _ 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 New construction do Eesidential nonfarm __do Producers' durable equipment -____._do Change in business inventories _ _ . _ _ _ _ _ . do Nonfarm __ do Net exports of goods and services Exports .____..____ Imports— _-.' __do____ do do ______do "do ___ _ do _____do do „ _ do Inventory change, total... _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ d o 1.9 5.9 4.4 5.6 6.9 1 Durable goods..., ....... do 30 36 2 2 3n Nondurable goods.— ____ .do 2.*0 2.' 9 2.' 2 2.*0 2.9 'Revised. *> Preliminary. fRevised series. Estimates of national income and product and personal income have been revised back to 1961 (see p. 8 fl. of the July 1964 SURVEY); revisions prior to May 1963 for personal income appear on p. 15 of the July 1964 SUEVEY. 761-192 O-65-3 09 c 9fi Q A 9fi H 9fi 8 118.7 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 64.9 561.2 278 2 104 1 174.1 568.2 280 9 105 0 175. 8 573.7 583.0 592.6 990 0 63 0 OK 994 7 fi9 7 98fi ^ 111 0 175.5 990 K «q 7 90 c 7 10fi fi 179.1 90-1 9 fifi 9 ec q CQ Q 9Qfl ^ 110 4 179.9 9Q4 f\ fi7 8 qxi c 9fi a 2.0 ; 7 129.6 67.1 K7 o 129.5 65.5 cc 9 K fi4 1 606. 4 614.9 625.7 9Q8 9 q m Of) Qfl4 Q 1 1Q ft 19fi 7 183.9 185.4 189. 8 co o R8 Q P.Q 9 2.5 3.7 2.8 9qn « '36.0 r 5 7 r 61 '7.7 r 37 1 r 29 4 125.2 64.3 54 0 60 9 5.1 5.4 3.6 3.6 4.2 6.4 q -I 31 9 7 1 53 1 C 3.0 2.0 3.6 .9 2.7 3.4 cflncludes inventory valuation adjustment. ©Includes 9 Government sales are not deducted. 1 Annual totals for issue of the SURVEY. 6.1 qq 7 97 Q 2 r 130. 0 r65.3 r 55 3 64 6 628.8 309 6 117 9 191. 7 250 3 69 0 5.7 a7 2.1 1.8 1.2 1.5 data not shown separately 1964 appear on p. 16 ff of this Sr-1 SUEVEY OF CURRENT 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 1962 I II February 1965 1964 1963 III IV I III II IV I II 1965 III IV 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, totalf— — — — bil. $__ 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 «'522.7 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 « 352. 4 do do do 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 «53.9 55.6 160.9 « 161.9 135.3 « 136. 6 do 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 «72.7 do do '_ do— 34.3 21.4 1.7 36.7 24.0 5.2 37.9 25.6 4.1 35.5 23.2 6.1 36.6 23.8 5.4 37. 5 24.4 4.4 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 39.2 28.3 3.3 38.6 29.2 2.5 »38.2 « 29. 5 «5.0 2.1 Durable goods Nondurable goods Services Gross private domestic Investment, total New construction Producers' durable equipment Change In business inventories 2.5 2.2 2.2 1.3 2.8 2.8 Govt. purchases of goods and services, totaL_do____ Federal do State and local . d o 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 DISPOSITION OF PERSONAL INCOMEf Quarterly Data Seasonally Adjusted at Annual Rates Personal Income total bil. $ Less' Personal tax and nontax payments do Equals* Disposable personal income do 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 27.3 27.8 27.5 28.0 29.4 Net exports of goods and services....—.— _do Personal saving § . do NEW PLANT AND EQUIPMENT EXPENDITURES Unadiusted quarterly or annual totals: All Industries bil. $ 1.3 2.1 2.0 3.5 5.4 3.4 4.5 «5.2 90. 7 92.4 49.9 , 50.7 40.9 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 «92.4 "47.3 «45. 1 449. 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 « 502. 2 58.8 «60.2 435.6 •'442.1 27.5 26.4 25.9 27.1 27.0 29.9 29.5 34.0 31.0 <"35.5 U2.60 2 10. 58 34.37 37.31 39.22 8.02 9.50 9.62 10.18 8. 25 9.74 10.14 11.09 9.40 11. 11 11. 54 Manufacturing Durable goods Industries Nondurable goods Industries do do ___ 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 1.92 3.72 1.79 1.93 4.13 2.03 2.10 3.27 1. 62 1.65 3.92 1.96 1.95 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 Mining Railroads _ Transportation, other than rail Public utilities — Communications Commercial and other .. do __do _ do _ _ do do .do .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 3 4. 11 33.68 do 35.70 36.95 38.35 37.95 36. 95 38.05 40.00 41.20 42.55 43.50 45. 65 146.70 247.90 Manufacturing Durable goods industries do do 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 19.75 9.80 9.95 20.40 10.15 10.25 Mining Railroads do do Public utilities ' do 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 1.90 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 1.25 1.75 2.30 6.00 1.25 1.70 2.35 6.40 M,755 * 4, 797 4,780 4, 790 4,800 4,815 4,825 4,835 4, 850 4,860 4,875 4,895 4,910 Seas. adj. qtrly. totals at annual rates: All industries Commercial and other • do BUSINESS POPULATION Firms in operation, end of quarter (seasonally adjusted) thous 44,713 ; U.S. BALANCE OF INTERNATIONAL PAYMENTScft Quarterly Data are Seasonally Adjusted 315.55 315.80 4.930 31,791 33,486 35,990 8,447 8,151 8,312 8,576 8,724 9,713 8,482 9,071 9, 253 9, 797 9, 898 .do do 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 p 4.895 684 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 1,128 618 546 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 2,803 6,362 p 6.619 2,802 1,274 707 1, 280 1,030 969 696 150 326 237 54 606 175 287 475 166 79 190 262 424 135 189 220 216 113 188 94 201 147 -1,372 -1,092 -2,305 -998 -1,111 -339 -741 -7 226 -214 96 -430 -221 -460 -944 -118 -1,284 -11 114 -267 -191 57 76 -170 -676 -54 -386 -176 Total, net receipts or payments (— ) do -2, 370 -2,203 -2, 644 -440 -748 Net receipts or payments (— ), incl. transactions in nonmarketable, medium-term convertible Govt. 1 <UO securities mil $ T Revised. * Preliminary, « See note 1 on p. S-l. i2 Estimates for Oct.-Dec. 1964 based on anticipated capital expenditures of business. 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 arid other (incl. communications), 15.06. s includes communications. 334 —681 -1,062 -1,295 -153 -134 -94 -730 -562 Imports: Merchandise.—... Military expenditures Other services — —, ___._ Govt. grants and capital outflows __ U S private capital (net) Direct investments Long-term portfolio Short-term...— •U S receipts recorded Exports: Merchandise Services and military sales. _ _ — _ do do -do— do Repayments on U.S. Govt. loans do— Foreign capital other than liquid funds (net).do— __ Excess of recorded receipts or payments (— ) _— do. Unrecorded transactions (net) do no p-1,317 -359 -94 -608 -712 -1,143 22 -109 4 Unadjusted . Data representt firms iri operati on as of Jan. 1; estimate for Jan. 1,1963 is based on iric omplete data. fSee cor respond] ng note Dn p. S-l (revisioiisforqtrs. of 1961 appear on p. 8 ff . of theJuly 196 1 SURVEY0. §Personal sa-<7ing is 63fcess of d isposable income over pe rsonal consumpti in expenditures shown as a con:iponent c>f gross n ational p roduct 01a p. S-l. cfMore com plete de tails are given in the qmirterly r 3 views iii the M ar., June, Sept. and Dec. issue 3 of the S ITRVEY. t Revised dat a for 196 3-61 app<jar on p. 10 of the June 196 4 SURVE y.