The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
SURVEY OF CURRENT BUSINESS
30
Government Programs
(continued from p. 4)
and evaluation, due to the phaseout of
research and development on major
missile and aircraft programs. Lesser
reductions are scheduled for military
assistance and military construction,
and atomic energy outlays are expected
to be down slightly from the preceding
year.
Partially offsetting these declines are
estimates of larger expenditures for
operation and maintenance in the Defense Department and for military
personnel, primarily because of the
recently-approved increase in military
pay. Spending for space" research and
technology is expected to reach almost
$5 billion in fiscal 1965, up about $%
billion from fiscal 1964, but a smaller
increase than in recent years.
Nondefense purchases, although below the earlier forecast, are expected
to be well above the fiscal 1964 level.
This is due chiefly to the pay increase
for civilian employees and to higher
outlays for the public works acceleration program and construction projects
of the Corps of Engineers. The in-
crease is not as large as projected
because government agencies will absorb a greater portion of the costs of
the pay raise than assumed in the
January Budget. In addition, expenditures were lower than forecast in the
Office of Economic Opportunity (the
new agency established to administer
the war on poverty), the Department
of Commerce and the Department of
Labor.
Other expenditures rise
Although fiscal year 1965 purchases
of goods and services show almost no
change from the preceding year, other
Federal expenditures are slated to rise.
Transfer payments to individuals are
expected to rise more than $1 billion
from fiscal 1964 to fiscal 1965. The
rise, about the same as estimated in
January, is in line with the experience
of recent years and is due primarily to
increased OASI and Civil Service retirement payments and a rise in military
pensions.
Federal aid to State and local governments is up nearly $1% billion over
fiscal 1964 and is also substantially
higher than the earlier forecast. Increased outlays for public assistance
November 1964
grants, highway construction, and
grants under the newly enacted poverty
program account for the bulk of the
increase.
Net interest charges are projected
about $K billion higher than in the
past fiscal year and somewhat above
the January forecast. This is due
partly to the increase in the national
debt and partly to the higher average
interest rates that the Treasury must
pay in refunding operations.
The "subsidies less current surplus
of government enterprises" category is
slightly below fiscal 1964, but over $1
billion above the earlier estimate for
fiscal 1965. The current forecast for
agricultural price support and farm
subsidies is substantially above the
January estimate, mainly because
cotton legislation was enacted in a
form more costly than anticipated and
because the new law came too late in
the spring for many producers to participate in the cost-reducing features of
the program. In addition, expenditures in fiscal 1965 under the feed
grain program are expected to be
larger because of higher production and
lower utilization of feed grains.
NATIONAL INCOME AND PRODUCT
Table 1.—Gross National Product in Current and Constant Dollars (1-3, 1-5)
1964
1963
1961
1962
1963
III
IV
I
II
1964
1963
III
1961
1962
1963
Seasonally adjusted at annual rates
III
IV
I
II
Seasonally adjusted at annual rates
Billions of current dollars
Billions of 1954 dollars
4.6
4.0
4.4
4.2
5.8
7.7
5.7
7.0
2.5
2.2
2.2
2.0
3.5
5.4
3.4
23.0
29 2
25.2
30.7
26. 3
31.0
26.8
32.6
26.9
34.5
26.8
33.7
27.9
35.7
28.7
25.8
23.3
27.5
25.3
29.1
26.8
29.4
27.4
30.9
27.4
32.7
27.3
31.9
28.5
108.0
116.3
122.6
122.8
124.8
125.2
129.6
129.5
84.3
89.8
92.1
92.3
92.4
91.6
94.3
57.4
62.9
64.7
64.4
64.9
64.3
67.1
65.5
44.8
49.4
49.7
49.6
48.9
47.8
49.8
519.6
351.8
55.6
160.9
135.3
70.4
38.6
20.9
17.7
29 2
2.5
2.4
.1
4.5
33.8
29.2
92.8
47.8
49.0
8.9
.6
53.6
10.2
.9
55.2
10.3
.8
55.5
9.5
.6
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
58.4
59.9
60.9
62.5
64.1
39.4
40.3
42.4
42.7
43.4
43.8
44.5
45.0
115.8
116.7
118.5
118.7
119.3
119.8
120.5
121.0
518.7
556.2
583.9
587.2
599.0
608.8
618.6
628.4
447.9
476.4
492.6
494.8
502.0
508.0
337.3
356.8
375.0
377.4
381.3
390.0
396.1
404.6
303.8
318.5
330.6
332.4
334.4
43.7
155. 4
138.3
48.4
162.0
146.4
52.1
167.5
155.3
52.2
168.6
156. 6
53.6
168.9
158.8
55.9
172. 9
161.1
57.0
175.3
163.8
58.7
179.5
166.4
41.4
143.5
118.9
45.7
148.3
124.5
49.3
151.6
129.7
49.4
152.5
130.6
50.8
152.1
131.6
340.9
53.1
155.2
132.6
68.8
79.1
44.2
82.0
82.8
87.1
85.9
87.2
87.3
57.4
65.9
67.7
70.1
70.8
46.6
47.2
48.3
49.2
48.9
48.9
34.3
36.7
37.9
68.1
38.2
71.7
41.0
39.0
39.6
39.2
21.1
19.8
23.6
20.6
25.2
21.3
25.4
21.9
26.2
22.1
26.9
22.3
26.2
22.7
25.7
23.1
18.2
16.1
20.1
16.5
21.2
16.7
21.2
17.0
21.8
17.2
22.3
17.3
21.6
17.5
Producers' durable equipment
25.9
29.0
31.0
31.4
32.4
34.2
34.6
35.6
21.4
24.0
25.6
25.9
26.8
28.1
28.3
Change in business inventories
1.9
5.9
4.4
4.2
6.4
2.5
3.7
2.8
1.7
5.2
4.1
4.0
5.9
2.4
3.3
1.5
.3
5.3
.6
3.9
.5
3.7
.5
6.0
.4
2.2
.3
3.4
.3
2.7
.1
1.5
2
4.8
.4
3.6
.5
3.4
.6
5.5
.4
2.1
.3
3.0
.3
Gross national product
-_ __
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
New 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
Addendum:
Implicit price deflator for seasonally adjusted
ON P, 1954 = 100
.
_
III
513.5
345.0
54.0
157.4
133.7
SURVEY OF CURRENT BUSINESS
November 1964
Table 2.—National Income by Type of Income (1-8, 1-9)
31
Table 3.—Personal Income and Its Use (II-2)
[Billions of dollars]
[Billions of dollars]
1964
1963
1961
1962
III
1963
IV
I
1963
II
III
1961
1962
1963
III
Seasonally adjusted at annual rates
426.9 455.6 478.5 481.9 490.0 498.4
National income
Compensation of employees
302.2 323.1 340.3 342.7 347.7 352.5
Wages and salaries
278.8 297.1 312.1 314.3 318.8 323.2
227 0 241.6 252.9 255.0 257.6 260.8
Private
Military
10.2 10.8 10.9 10.7 11.7 11.7
Government civilian
41.6 44.7 48.3 48.7 49.6 50.7
Supplements to wages and salaries
23.4 25.9 28.2 28.4 28.8 29.4
Employer contributions for
social insurance
11.8 13.6 15.1 15.2 15.4 15.7
Other labor income
11.6 12.3 13.1 13.2 13.4 13.7
Employer contributions
to private pension and
9.2 9.7 10.4
welfare funds
2 4 26 27
Other
Proprietors' income
48.2
49.8
50.6
50.7
51.5
51.2
38.6
507.1
1
514.5
358.6
328.7
265.3
11.7
51.7
364.8
334.4
269.4
11.8
53.2
29.9
30.4
15.9
14.0
16.2
14.2
51.7
39.1
36.6
37.6
36 6
37 6
0
12.9
0
13.2
0
13.0
12.9
13.2
12.6
12.6
12.6
Rental income of persons
12.2
12.2
12.3
12.4
12.4
12.4
12.4
12.4
Corporate profits and inventory
valuation adjustment
Profits before tax
Profits tax liability _ __ _
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment.
44.1
44.2
22.3
21. 9
15 2
6.7
48.4
48.2
23. 2
25.0
16.5
8.5
.3
50.8
51.3
24.6
26. 7
18.0
8.7
-.4
51.4 53.1
51.3 54.3
24.5 26.0
26.7 28.3
17.9 19.1
9.2
8.9
.2 -1.2
56.4
56.6
25.4
31.2
19.4
11.8
57.9
57.9
26.0
31.9
19.8
12.1
-.1
158.1
58. 0
26.0
32.0
20.0
12. 0
.I
Net interest
20.1
22.1
24.4
24.7
25.9
26.5
37.8
38.3
Personal income.
Wage and salary disbursements.
Commodity-producing industries
Manufacturing only
Distributive industries
Service industries _ .
Government
I
II
III
417.6 442.4 464.1 466.3 474.5 480.9
487.9
494.5
278.8 297.1 312.1 314.3 318.8 323.2
328.7
334.3
110.8 118.5 123.3 124.1 125.5 126.7
87.5 94.2 98.0 98.5 99.9 100.6
72.9 76.6 80.3 81.0 81.9 ,82.7
43.4 46.4 49.3 49.9 50.2 51.3
51.8 55.6 59.2 59.4 61.3 62.4
128.9
102. 4
84.1
52.4
63.4
130.8
103.8
85.7
52.9
64.9
Other labor income
11.6
12.3
13.1
13.2
13.4
13.7
14.0
14.2
Proprietors' income
Business and professional
Farm
48.2
35.3
12.9
49.8
36.6
13.2
50.6
37.6
13.0
50.7
37.8
12.9
51.5
38.3
13.2
51.2
38.6
12.6
51.7
39.1
12.6
52.1
39.6
12.6
12.2
12.2
12.3
12.4
12.4
12.4
12.4
12.4
15.2
16.5
18.0
17.9
19.1
19.4
19.8
20.0
Rental income of persons.. _
Dividends
39.6
35.3
IV
Seasonally adjusted at annual rates
52.1
35 3
Business and professionalIncome of unincorporated
enterprises
Inventory valuation adjustment
Farm
1964
__. ._.
_
_
Personal interest income
27.5
30.0
32.9
33.4
34.2
35.0
35.7
36.3
Transfer payments
Old-age and survivors insurance benefits
State unemployment insurance benefits
Veterans' benefitsOther
33.6
34.7
36.7
36.5
37.2
38.3
38.0
38.0
12.6
14.3
15.2
15.4
15.4
15.6
16.1
16.1
4.0
4.8
12.2
2.9
4.8
12.7
2.8
5.0
13.7
2.6
5.0
13.4
3.0
5.1
13.6
2.8
5.2
14.8
2.5
5.3
14.2
2.4
5.2
14.2
9.6
10.3
11.8
11.9
12.1
12.3
Less: Personal contributions for
social insurance
12.5
12.8
27.1
Less: Personal tax and nontax pay52.9 57.9 61.6 61.9 63.3 61.4
ments
Federal
45 1 49.1 51.9 52.2 53.4 51.2
State and local .
9.6
9.7
7.8
8.8
9.9 10.2
Equals: Disposable personal income- 364.7 384.6 402.5 404.4 411.2 419.5
'57.7
'47.3
10.5
' 430. 2
58.8
48.2
10.6
435.6
1. Third-quarter national income total and the corporate profits share are based on preliminary estimates and are subject to revision in next month's SURVEY.
Less: Personal consumption expenditures
337.3 356.8 375.0 377.4 381.3 390.0
Equals: Personal saving
27.3 27.8 27.5 27.0 29.9 29.5
396.1
'34.0
404.6
31.0
Addendum : Disposable personal income in constant (1954) dollars
328.2 343.4 354.9 356.3 360.7 366.7
' 374. 7 378.8
25.4
r
Revised
Table 4.—Gross National Product by Major Type of Product in Current and Constant Dollars (1-6, 1-7)
1963
1961
1962
1963
III
1964
IV
I
II
III
1961
1962
1963
_„ .
Goods output
Final sales
Inventory change
Durable goods output
Final sales
Inventory change.. . _ _ _ _ _ _
Nondurable goods output
Final sales
Inventory change.. _
Services
_ .
IV
I
II
III
Billions of 1954 dollars
Billions of current dollars
Final sales ._
Inventory change
III
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Gross national product
1964
1963
518.7
556.2
583.9
587.2
599.0
608. 8
618.6
628.4
447.9
476.4
492.6
494.8
502.0
508.0
513.5
519.6
516. 8
1.9
550.3
5.9
579.5
4.4
583.0
4.2
592. 6
6.4
606. 4
2. 5
614.9
3.7
625. 7
2.8
446.2
1.7
471.2
5.2
488.5
4.1
490.9
4.0
496.1
5.9
505.6
2.4
510.2
3.3
517.0
2.5
259.8
257. 9
1.9
279.5
273.6
5.9
290.2
285.8
4.4
289.8
285. 7
4.2
296.7
290.3
6.4
300. 7
298. 2
2.5
308.0
304.3
3.7
313. 3
310.5
2.8
233. 6
232.0
1.7
250.3
245.1
5.2
258.1
254.0
4.1
257. 8
253.8
4.0
263.2
257.3
5.9
266.2
263.8
2.4
271.8
268. 5
3.3
276.3
273.7
2.5
94.4
94.5
-.1
105. 3
102.3
3.0
110.4
108.2
2.2
108.1
106.6
1.5
113.4
110.4
3.0
114. 9
114.3
.7
121.4
119.0
2.5
122.0
120. 7
1.3
82.1
82.1
-.1
91.7
89.2
2.6
96.3
94.4
1.9
94.3
93.0
1.2
99.0
96.4
2.6
100.4
99.8
.6
105.4
103.3
2. 1
106.0
104.9
1.1
165.4
163. 4
2.0
174. 2
171.3
2.9
179. 8
177.6
2 2
181.8
179.1
2. 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
151.6
149.8
1.7
158.6
155. 9
2.6
161.8
159.6
2.3
163.6
160.8
2.7
164.2
160.9
3.3
165.8
164.0
1.8
166. 4
165.2
1.2
170. 3
168.8
1.5
188.9
200.8
214.7
228.4
231.2
234.5
239.6
241.7
246.0
165.4
174.8
181.4
183.5
184.2
186.8
186.7
Construction
58.1
62.0
65.2
66.2
67.8
68.6
68.9
69.2
48.9
51.3
53.0
53.5
54.6
55.0
55.0
54.4
Addendum: Auto product..
17.7
21.9
24.4
24.3 * 25.6
25.8
26.4
26.8
14.8
18.3
20.4
20.4
21.6
21.7
22.0
22.1
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
quarterlv 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.
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.
1961 | 1962
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1961
III
Annual total
Data from private sources are provided
1962
! IV
I
1964
1963
II
III
II
I
IV
| III
in
i ! ii
IV
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
!
!
NATIONAL INCOME AND PRODUCT
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By Ma or type of product T
Final sales, total
_.._..._
Goods, total
Durable goods
Nondurable goods
_
Services
.
__„
Construction
Inventory change, total
Durable goods
._
Nondurable goods..
.
481 9
4QO 0
498 4
507 1
r ",1 \ r
340 ?
304 7
310 ,
31' 0 '
32° 4
325 d
32 "
332. 7 i 338. 1
342 "
347 7
352 5
358 6
304 H
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299 2
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301 0
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12 12 2
305
247
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17
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37
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314 3
31S 8
323 2
32 S 7
20 3
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29 4
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92
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5(> 6
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31 2
19 4
11 v
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31 9
!
291
230
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SURVFY ^F v T E U F X T ^LSJYCSS
Unless otherwise stated, statistics through 1962
^nd descriptive notes are shown In the 1963
edition of BUSINESS STATISTICS
1
196!
1962
*963
A 9fl
96?
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Annual total
November 1964
IV
963
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1964
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IV
GENERAL BUSINESS INDICATORS— Quarterly Series— Continued
NATIONAL INCOME AND PRODUCT—Con.
Quarterly Data Seasonally Adjusted at Annual Rates
GNP In constant (1954) dollars
tlross national product, totalt
._..bil. $._
Personal consumption expenditures, total ~ _ d o _ _ _ .
Durable goods
Nondurable good's
Services ,_
.
.
do
do_
do
Gross private domestic investment, total __do
New construction
Producers' durable equipment
Change in business inventories
__
do
do
do
|
1
|
i
i
i
\
j
i
I
i
447.9
476.4
492.6
462.5
469.1
475.1
478, 3
483.0
485.4
487.9
494.8
502,0
508.0
513. 5
303.8
318.5
330,6
310. 0 j
314.2
316.6 I
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
43.7
145.6 j
120.8
44.8
146.6
122.7
44.9
147.8
123.8
45.6
149. 1 i
125.0
47.6 j
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. fi
160.9 j
135 3
57.4
65.9
67.7
62.7
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
37.9
25.6
4.1
35.2
22.7
4.8
35.5
23.2
6.1
36.6
23.8
5.4
37.5 j
24.4
4.4
37. 0
24.7
4.9
36.8 !
24.6
3.4
37.5 1
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
i
i
'519.6
do
2.5
2.2
2.2
2.1
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
87.7
47.0
40.7
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
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
428.6
54.4
374. 2
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
27.3
27.8
27.5
29.1
28.0
29.4
27.5
26.4
25.9
27.1
27.0
29.9
Net exports of Broods and services
Personal saving §
_ _ .do .
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
_ _
bil. $
Manufacturing
Durable goods Industries
Nondurable goods industries
Mining
Railroads
Transportation, other than rail
Public utilities
..
Communications
Commercial and other
r
494. 5
487. 9
* 57. 7
430. 2
r
43'5! 6
29.5
r
34.0
'31.0
34.37
37.31
39.22
9.54
8.02
9.50
9.62
10.18
8.25
9.74
10.14
11.09
9.40
11.11
U1.28
212.43
do
do
do
13.68
6.27
7.40
14.68
7.03
7.65
15.69
7.85
7.84
3.88
1.79
2.09
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
4.64
2.31
2.33
5.30
2.66
2.64
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
. 50
1.54
.88
2.32
.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
.29
.34
.56
1.63
.28
.44
,61
1.69
33.81
34.11
.
Seas. adj. qtrly. totals at annual rates:
All industries
do
35.40
35.70
36.95
38.35
37.95
36.95
38.05
40.00
41.20
42.55
43.50
144.55
2 46. 15
Manufacturing
Durable goodsindustries
Nondurable goods industries
do
do
do
14.00
6.40
7.60
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. 70
9.35
9.35
19. 05
9.50
9.55
1.00
. 60
1.95
5.55
3.35
9.00
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
1.15
1.40
2.25
6.00
1.10
1.90
2.45
6.00
315.10
3 15. 60
4,910
Mining
do
Railroads
do
Transportation other than rail
do
Public utilities'
do
Communications
do
Commercial and other
do
BUSINESS POPULATION
Firms In operation, end of quarter (seasonally adjusted)
thous
« 4, 713
<4,755 < 4, 797
4,770
4,780
4,790
4,800
4,815
4,825
4, 835
4,850
4,860
4,875
4,895
U.S. BALANCE OF INTERNATIONAL
P A Y M ENTScf J
Quarterly Data are Seasonally Adjusted
U S payments recorded
mil $
31, 791
33, 486
35, 990
8,616
8,447
8,151
8,312
8,576
8,724
9,713
8,482
9,071
9,219
9,742
Imports :
Merchandise
Military expenditures
Other services
do
do
do
14, 497
2,954
5,401
16, 134
3,044
5,843
16, 996
2,897
6,442
3,881
714
1,389
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
1,662
4,576
731
1,702
Remittances and pensions
Govt. grants and capital outflows
do
do
705
4,054
738
4,293
826
4,522
174
1,206
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
923
208
1,130
do
do
___do
do
4,180
1,599
1,025
1,556
3,434
1 654
1,227
553
4,307
1,888
1,685
734
1,252
377
445
430
1,068
260
390
418
628
446
303
-121
771
417
208
146
967
531
326
110
1,128
618
546
1,637
477
598
562
534
235
303
-4
1,008
558
238
212
1,354
517
227
610
1,395
513
261
621
do
30, 419
32, 394
33, 685
7,717
7,706
7,925
8,408
8, 355
7,780
8,429
8,596
8,880
9,326
9,040
do
do
19,913
8,525
20, 576
9,508
21,989
10,031
5,121
2,187
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
2,885
6,042
2, 756
1,274
707
1,280
1,030
969
696
196
213
150
326
237
54
606
175
287
475
166
79
190
262
424
135
189
220
216
113
188
54
741
7
-226
-214
96
-430
221
-460
-944
-118
-1,284
-11
114
-267
-191
57
107
-192
-702
-31
-440
-334
-681
1 062 -1,295
-153
-134
-85
-733
U.S. private capital (net)
Direct investments
Long-term portfolio
Short-term
„
U S receipts recorded
Exports:
Merchandise
Services and military sales
Repayments on U.S. Govt. loans
_ _ _ _ _ do
Foreign capital other than liquid funds (net). do
Excess of recorded receipts or payments ( — )
Unrecorded transactions (net)
do
do
-1,372 -1,092 -2,305
-339
-998 -1,111
-899
-332
Total, net receipts or payments (— )
do
-2,370 -2,203 -2, 644 — 1 231 -748
Net receipts or payments (— ), incl. transactions in
nonmarke table, medium-term convertible Govt.
securities
_
mil $
-1,942
r
Revised.
» Preliminary.
1
Estimates for July-Sept. 1964 based on anticipated capital expenditures of business.
2
Estimates for Oct.-Dec. 1964 based on anticipated capital expenditures of business.
Anticipated expenditures for the year 1964 are as follows (in bil. $): All industries, 44.21;
manufacturing, total, 18.27; durable goods industries, 9.19; nondurable goods industries,
9.08; mining, 1.12; railroads, 1.46; transportation,
2.31; public utilities, 6.07; commercial and
3
other (incl. communications), 14.98.
Includes communications.
v 4, 740
i
p 6, 390
i
I
|
p-565
-85 i -611 p — 362
22
—712 -1.143
-109
< Unadjusted. Data represent firms in operation as of Jan. 1; estimate for Jar . 1, 1963
•r,
Q 1 (
is based on incomplete data. tSee corresponding note on p. S-l (revisions for earlier qtrs. of
1901 appear on p. 8 IT. of the July 1964 SURVEY). "
§Personal saving is excess of disposable income over personal consumption expenditures
shown as a component of gross national product on p. S-l.
cf More complete details are given in the quarterly reviews in the Mar., June, Sept.
and Dec. issues of the SURVET.
tRevisions for 1960-2d qtr. 1961 apoear on p. 10 of the June 1964 SURVEY.
@FedFRASER