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SURVEY OF CURRENT BUSINESS July 1969 9 NATIONAL INCOME AND PRODUCT TABLES 1968 1967 II 1968 1968 III 1967 IV 1968 II Seasonally adjusted at annual rates 1969 III IV I HP Seasonally adjusted at annual rates Billions of current dollars Billions of 1958 dollars Table 1.— Gross National Product in Current and Constant Dollars (1.1, 1.2) Gross national product _ _ Personal consumption expenditures - - Durable goods Nondurable goods Services Gross private domestic investment Fixed investment - Nonresidential _ Structures Producers' durable equipment Residential structures Nonfarm _ Farm _ _ . Change in business inventories Nonfarm Farm Exports Imports -.- _ ___ _ _ -- - - _ _ _ _ _ _ -_ Government purchases of goods and services Federal— National defense Other __ State and local . 865.7 835.3 858.7 876.4 892.5 908.7 925.1 674.6 707.6 693.3 705.8 712.8 718.5 723.1 492.3 536.6 520.6 530.3 544.9 550.7 562.0 570.7 430.3 452.6 445.6 449.0 458.2 457.6 462.9 73.0 215.1 204.2 83.3 230.6 222.8 79.5 226.1 215.1 81.8 228.5 220.0 85.8 233.3 225.8 86.3 234.3 230.1 88.4 238.6 235.0 90.4 240.6 239.8 72.8 190.3 167.2 80.7 196.9 175.0 77.7 196.0 171.8 79.5 195.8 173.7 83.0 198.7 176.5 82.7 197.2 177.7 84.3 199.3 179.3 116.0 126.3 119.4 126.6 125.2 133.9 135.2 139.9 100.8 105.7 101.2 106.6 104.1 110.9 109.9 108.6 119.0 117.7 116.7 118.0 123.4 128.6 130.4 93.9 99.1 99.8 97.6 97.7 101.4 104.0 83.7 27.9 55.7 88.8 29.3 59.5 89.1 29.8 59.4 86.4 28.3 58.1 88.1 29.0 59.1 91.5 30.1 61.4 95.3 32.3 63.0 98.0 31.6 66.3 73.6 22.6 51.0 75.8 22.7 53.2 77.1 23.6 53.5 74.0 22.0 52.0 75.0 22.2 52.7 77.3 22.9 54.4 79.4 23.9 55.5 25.0 24.4 .6 30.2 29.6 .5 28.6 28.0 .6 30.3 29.7 .6 29.9 29.4 .5 31.9 31.4 .5 33.3 32.8 .5 32.4 31.9 .5 20.3 19.8 .5 23 "^ 22.8 .4 22.7 22.2 .5 23.5 23.1 .4 22.7 22.3 .4 24.1 23.7 .4 24.6 24.2 .4 7.4 6.8 6 7.3 7.4 — 1 1.6 1.3 4 9.9 10.3 — 4 7.2 7.5 — 3 10.5 10.7 —.2 6.6 6.6 .0 9.5 9.3 2 6.9 6.3 6 6.6 6.7 — i 1.5 1.1 4 9.0 9.4 6.4 6.7 9.6 9.8 — 2 5.9 5.9 5.2 2.5 1.9 3.4 3.6 1.2 1.5 2.0 3.6 .9 .9 1.3 1.7 -.2 -.3 46.2 41.0 50.6 48.1 47.7 45.9 50.7 47.3 53.4 49.7 50.6 49.4 47.6 46.1 58.6 56.6 42.1 38.5 45.6 44.7 43.9 43.0 45.2 43.9 48.0 46.3 45.5 45.7 41.9 42.2 180.1 200.3 193.4 198 4 202.5 206.7 210.0 212 5 140 0 148 4 145.6 148.9 148.8 150.2 150.6 90.7 72 4 18.4 99.5 78 0 21.5 96.3 76 1 20.1 99.0 77 9 21.1 100.9 78 8 22.1 101.9 79 3 22.5 101.6 79 0 22.6 100.6 78 7 21 9 74.8 78.9 77.3 79.6 79.2 79.4 78.3 89.3 100.7 97 1 99 4 101 7 104.8 108 5 111 9 65 2 69 5 68 3 69.3 69.6 70.8 72.3 793.5 _ o Q 727.3 o Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5) Gross national product Final sales Change in business inventories Goods output _ 793.5 865.7 835.3 858.7 876 4 892.5 908 7 925 1 674 6 707 6 693 3 705.8 712 8 718.5 723.1 786 2 7.4 858 4 7.3 833 6 1.6 848 8 9.9 869 2 7.2 882 0 10.5 902 1 6.6 915 6 9.5 667 7 6.9 701 0 6.6 691 8 1.5 696 8 9.0 706 3 6.4 709 0 9.6 718 2 5.9 398.4 431.1 414.5 429.2 437.0 443.5 447.9 362.7 381.3 370.8 380.8 385.5 388.2 389.1 Final sales Change in business inventories 391 0 7.4 423 7 73 412 8 419 3 16 99 429 9 7 2 433 0 10 5 441 3 6 6 355 7 69 374 7 66 369 4 371 7 15 9 0 379 1 6 4 378 7 96 383 2 5.9 Durable goods Final sales. Change in business inventories 160 9 157 0 39 176 7 171 4 53 168 3 175 7 166 4 168 9 19 68 178 8 173 7 51 184 0 176 6 74 186 4 181 6 48 152 0 148 5 35 162 8 158 0 4 7 156 6 154 8 17 162 3 156 2 61 164 5 159 9 4 5 167 8 161 2 6 5 169 0 164 8 4 2 Nondurable goods Final sales Change in business inventories. . . 237.5 234 l 3.5 254.4 252 3 2.0 246.2 246 5 — 3 253.5 258 3 250 4 256 1 21 31 256 4 31 259 7 18 261 5 210 7 207 3 34 218 6 214 3 216 7 214 6 19 — 3 218 4 215 5 2 9 221.1 220.5 219 2 217 5 3.0 19 220.2 316.7 347.5 335.0 343.4 353.2 358.5 365.8 249.1 259.9 255.4 258.9 262.4 262.7 264.6 78.4 87.1 85.8 86.0 86.1 90.6 94.9 62.9 66.4 67.1 66.2 64.8 67.5 69.3 Services Structures 259 5 9 5 727.3 218 4 1.7 Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8) Gross national product Private Business Nonfarm _ _ Farm __ Households and institutions 793.5 865.7 835.3 858.7 876 4 892.5 908.7 674 6 707 6 693 3 705.8 712.8 718.5 723.1 708 2 770 5 743 9 764 9 779 2 794 0 808 5 617 0 647 9 634 6 646 1 652 6 658 3 662.6 681 0 656 6 24 4 740 6 715 7 24 9 715 4 690 5 24 9 734 6 709 8 24 8 749 3 724 i 25 2 763 1 738 4 24 7 776 7 751 1 25 7 597 3 573 5 23 7 627 5 604 2 23 3 615 0 591 0 24 o 625 3 602 3 23 o 632 1 608 8 23 4 637 5 614 6 22 9 641 5 617 8 23 7 16.8 925 1 22.7 25.2 24 3 25 4 25 0 26 0 27 2 15 4 15 9 15 5 16 1 15 7 16 2 Rest of the world. _ 4 5 4 7 4 3 4 Q 4 9 4 9 4 5 4 3 4 5 4 1 4 7 4 7 4 g 4 3 General government 85.3 95.2 91.3 93.8 97 1 98 5 100 2 57 6 59 7 58 7 59 8 60 2 60 2 60.5 Preliminary. 353-833 O - 69 - 2 727.3 July 1969 SURVEY OF CURRENT BUSINESS- 17 1.—Gross National Product and National Ineome Table 1.1.—Gross National Product 1965 1966 1967 1966 1965 1968 I III II I IV Millions of dollars III II 1968 1967 IV I II HI IV I II III IV Billions of dollars, seasonally adjusted at annual rates 684,884 749,857 793,544 865,701 662.8 675.7 691.1 710.0 729.5 743.3 755.9 770.7 774.2 783.5 800.4 816.1 835.3 858.7 876.4 892.5 Personal consumption expendi432,839 466,334 492,265 536,647 tures Gross national product Durable goods Nondurable goods Services Gross private domestic investment Fixed in vestment. _. 419.8 427.9 436.3 447.4 457.8 461.9 471.2 474.5 480.9 489.8 495.7 502.6 520.6 530.3 544.9 550.7 66,308 70, 752 73,008 83,342 191,059 206,936 215,059 230,555 175,472 188,646 204,198 222, 750 65.4 184.4 170.0 64.4 189.7 173.8 66.5 192.4 177 A 68.9 197.8 180.7 71.2 202.6 183.9 68.5 206.4 186.9 71.3 209.6 190.2 71.9 209.1 193.5 70.0 213.2 197.7 73.5 214.4 201.8 73.3 215.8 206.6 75.2 216.8 210.6 79.5 226.1 215.1 81.8 228.5 220.0 85.8 233.3 225.8 86.3 234.3 230.1 108,139 121,431 116,022 126,278 105.3 105.3 108.7 113.2 117.5 122.4 119.6 126.2 113.6 109.4 117.7 123.3 119.4 126.6 125.2 133.9 98, 519 106, 628 108, 628 118,970 94.5 96.5 99.6 103.5 106.2 106.3 107.7 106.3 104.7 106.1 109.9 113.8 117.7 116.7 118.0 123.4 NonresidentiaLStructures Producers' durable equipment . 71,291 25,530 81,586 28,492 83,674 27, 931 88,789 29,297 67.1 23.4 69.5 25.1 72.4 25.8 76.2 27.8 78.8 28.6 80.3 28.2 83.0 29.0 84.2 28.2 83.3 29.0 83.0 27.2 83.5 27.8 85.0 27.8 89.1 29.8 86.4 28.3 88.1 29.0 91.5 30.1 45, 761 53,094 55, 743 59,492 43.7 44.4 46.6 48.3 50.2 52.1 54.0 56.0 54.2 55.8 55.7 57.2 59.4 58.1 59.1 61.4 Residential structures Nonfarm . Farm 27,228 26, 707 521 25,042 24, 501 541 24,954 24,383 571 30,181 29,632 549 27.4 26.8 .5 27.0 26.4 .5 27.2 26.7 5 27.4 26.9 5 27.4 26.9 5 26.0 25.4 5 24.7 24.2 .5 22.1 21.5 .6 21.4 20.9 .6 23.1 22.5 .6 26.5 25.9 .6 28.8 28.3 .6 28.6 28.0 .6 30.3 29.7 .6 29.9 29.4 .5 31.9 31.4 .5 Change in business inventories . Nonfarm. . _ Farm 9,620 8,647 973 14,803 14,961 -158 7,394 6,779 615 7,308 7,439 -131 10.9 10.3 .6 8.9 8.1 .8 9.1 7.8 1.2 9.7 8.5 13 11.3 10.9 3 16.2 16.2 — 1 11.9 12.4 -.4 19.9 20.4 —.5 9.0 9.1 -.1 3.4 3.0 .3 7.8 7.0 .8 9.5 8.0 1.5 1.6 1.3 .4 9.9 10.3 —.4 7.2 7.5 -.3 10.5 10.7 -.2 6,901 5,279 5,177 2,516 6.2 8.1 7.3 6.0 6.2 5.6 4.4 4.9 5.4 5.8 5.6 3.8 1.9 3.4 3.6 1.2 39,196 32,295 43,360 38,081 46,188 41,011 50,594 48,078 35.2 29.0 40.8 32.7 40.3 33.0 40.5 34.5 42.2 36.0 42.7 37.1 43.7 39.3 44.8 39.9 45.8 40.4 45.9 40.1 46.3 40.7 46.7 42.8 47.7 45.9 50.7 47.3 53.4 49.7 50.6 49.4 Government purchases of goods 137,005 156,813 180,080 200,260 and services 131.5 134.4 138.9 143.3 148.0 153.4 160.7 165.2 174.2 178.5 181.3 186.4 193.4 198.4 202.5 206.7 Net exports of goods and services Exports Imports FederalNational defense Other 66,897 50,134 16, 763 77, 773 60,688 17,085 90, 744 72,353 18,391 99,515 78,031 21,484 64.4 48.6 15.8 65.5 49.2 16.2 67.6 50.1 17.4 70.1 52.5 17.6 72.8 55.3 17.5 75.6 58.5 17.2 80.5 63.3 17.2 82.1 65.6 16.5 87.8 69.9 17.9 90.3 71.9 18.4 91.3 73.0 18.4 93.5 74.6 18.9 96.3 76.1 20.1 99.0 77.9 21.1 100.9 78.8 22.1 101.9 79.3 22.5 State and local 70,108 79,040 89,336 100,745 67.0 68.9 71.3 73.2 75.2 77.7 80.1 83.0 86.4 88.1 90.0 92.9 97.1 99.4 101.7 104.8 Table 1.2.—Gross National Product in Constant Dollars [Billions of 1958 dollars] 1966 1965 1965 1966 1967 1968 I II III VI I II 1968 1967 III IV I II III IV I II III IV Seasonally adjusted at annual rates 617.8 658.1 674.6 707.6 601.6 610.4 622.5 636.6 649.1 655.0 660.2 668.1 666.5 670.5 678.0 683.5 693.3 705.8 712.8 718.5 397.7 418.1 430.3 452.6 387.9 393.4 400.3 409.2 415.3 415.1 421.3 420.7 424.4 430.5 431.9 434.3 445.6 449.0 458.2 457.6 66.6 178.6 152.5 71.7 187.0 159.4 72.8 190.3 167.2 80.7 196.9 175.0 65.1 174.0 148.7 64.3 177.8 151.3 67.1 179.4 153.8 69.8 183.3 156.1 72.7 185.2 157.4 69.6 186.9 158.5 72.3 188.7 160.2 72.3 187.0 161.5 70.3 190.2 163.9 73.9 190.6 166.1 73.0 190.3 168.6 73.9 190.2 170.3 77.7 196.0 171.8 79.5 195.8 173.7 83.0 198.7 176.5 82.7 197.2 177.7 99.2 109.3 100.8 105.7 96.9 96.8 99.6 103.4 106.9 110.8 107.1 112.5 100.5 95.7 101.6 105.4 101.2 106.6 104.1 110.9 90.1 95.4 93.9 99.1 87.0 88.5 91.1 94.0 96.2 95.4 96.0 94.0 92.0 92.6 94.3 96.7 99.8 97.6 97.7 101.4 66.3 22.3 74.1 24.0 73.6 22.6 75.8 22.7 62.8 20.7 64.8 22.1 67.3 22.4 70.3 23.9 72.5 24.5 73.2 23.8 75.0 24.2 75.4 23.4 74.1 23.8 73.5 22.1 73.1 22.3 73.8 22.1 77.1 23.6 74.0 22.0 75.0 22.2 77.3 22.9 44.0 50.1 51.0 53.2 42.1 42.7 45.0 46.4 48.1 49.4 50.9 52.0 50.3 51.4 50.8 51.6 53.5 52.0 52.7 54.4 _ _ 23.8 23.4 .5 21.3 20.9 .5 20.3 19.8 .5 23.3 22.8 .4 24.1 23.7 .5 23.7 23.2 .5 23.8 23.3 .5 23.8 23.3 .5 23.6 23.2 .5 22.2 21.7 .5 20.9 20.4 .5 18.6 18.1 .5 17.9 17.4 .5 19.0 18.6 .5 21.2 20.7 .5 23.0 22.5 .5 22.7 22.2 .5 23.5 23.1 .4 22.7 22.3 .4 24.1 23.7 .4 Change in business inventories Nonfarm _ Farm 9.0 8.1 .9 13.9 14.1 -.2 6.9 6.3 .6 6.6 6.7 -.1 10.0 9.4 .6 8.3 7.5 .8 8.6 7.4 1.2 9.3 8.2 1.2 10.7 10.4 .3 15.3 15.4 -.1 11.1 11.5 -.4 18.5 19.0 -.5 8.5 8.6 -.1 3.1 2.8 .3 7.4 6.6 .8 8.7 7.3 1.4 1.5 1.1 .4 9.0 9.4 -.3 6.4 6.7 -.3 9.6 9.8 -.2 Gross national product Personal consumption expenditures Durable goods Nondurable goods Services. ,. _ _ . _ __ __ Gross private domestic investment Fixed investment _ Nonresidential Structures _ _ _ Producers' durable equipment Residential structures.. Nonfarm Farm .... Net exports of goods and services Exports Imports Government purchases of goods and services Federal State and local 6.2 4.2 3.6 .9 5.4 7.0 6.7 5.7 5.5 4.8 3.2 3.3 4.0 4.2 4.1 2.0 .9 1.3 1.7 -.2 37.4 31.2 40.2 36.1 42.1 38.5 45.6 44.7 33.7 28.3 39.0 32.0 38.4 31.8 38.6 32.9 40.0 34.5 39.9 35.1 40.3 37.1 40.7 37.5 41.8 37.8 41.9 37.8 42.2 38.1 42.5 40.5 43.9 43.0 45.2 43.9 48.0 46.3 45.5 45.7 114.7 126.5 148.4 111.4 113.1 115.9 118.4 121.4 124.3 128.7 131.6 137.6 140.1 141.7 145.6 148.9 148.8 150.2 75.7 66.0 77.3 68.3 79.6 69.3 79.2 69.6 79.4 70.8 57.9 56.8 65.4 61.1 140.0 74.8 65.2 78.9 69.5 56.4 55.0 57.2 56.0 58.5 57.4 59.6 58.7 62.0 59.4 63.8 60.5 67.3 61.4 68.6 63.0 72.8 64.8 75.1 65.0 140.4 75.5 64.9 SURVEY OF CURRENT BUSINESS 18 July 1969 Table 1.3.—Gross National Product by Major Type of Product [In billions of dollars] 1966 1965 1965 1966 1967 1968 I III II IV I 1967 III II I IV 1968 II III IV I II III IV Seasonally adjusted at annual rates 684.9 749.9 793.5 865.7 662.8 675.7 691.1 710.0 729.5 743.3 755.9 770.7 774.2 783.5 800.4 816.1 835.3 858.7 876.4 892.5 675.3 Final sales Change in business inventories. _ 9.6 735.1 14.8 786.2 7.4 858.4 7.3 651.9 10.9 666.8 8.9 682.1 9.1 700.3 9.7 718.2 11.3 727. 1 16.2 744.0 11.9 750.8 19.9 765.2 9.0 780.2 3.4 792.6 7.8 806.6 9.5 833.6 1.6 848.8 9.9 869.2 7.2 882.0 10.5 Gross national product 347.2 383.3 398.4 431.1 336.7 341.9 349.7 360.8 371.0 379.7 385.3 397.1 391.5 395.9 401.1 405. 3 414.5 429.2 437.0 443.5 337.6 Final sales 9.6 Change in business inventories.. 368.5 14.8 391.0 7.4 423.7 7.3 325.8 10.9 333.1 8.9 340.7 9.1 351.1 9.7 359.7 11.3 363.5 16.2 373.4 11.9 377.2 19.9 382.5 9.0 392.5 3.4 393.3 7.8 395.8 9.5 412.8 1.6 419.3 9.9 429.9 7.2 433.0 10.5 139.6 Durable goods 133.0 Final sales 6.7 Change in business inventories.. 156. 7 146.2 10.5 160.9 157.0 3.9 176.7 171.4 5.3 137.6 129.2 8.4 136.9 129.9 6.9 140.9 134.1 6.8 143.2 138.5 4.6 150.3 142.2 8.2 153.1 142.6 10.6 158.3 148.1 10.2 165.0 151.8 13.2 156.1 151.9 4.2 159.9 158.3 1.5 162.2 157.7 4.4 165.5 160.0 5.6 168.3 166.4 1.9 175.7 168.9 6.8 178.8 173.7 5.1 184.0 176.6 7.4 207.6 Nondurable goods Final sales . 204.7 3.0 Change in business inventories.. 226.6 222.3 4.3 237.5 234.1 3.5 254.4 252.3 2.0 199.1 196.6 2.5 205.1 203.1 1.9 208.8 206.5 2.3 217.6 212.5 5.1 220.7 226.5 217.6 220.9 3.1 5.6 227.0 225.3 1.7 232.0 225.4 6.7 235. 4 230.7 4.7 236.0 234.2 1.8 238.9 235.5 3.4 239.8 235.9 3.9 246.2 246.5 -.3 253.5 250.4 3.1 258.3 256.1 2.1 259.5 256.4 3.1 262.9 289.1 316.7 347.5 254.6 260.0 265.8 271.0 279.0 285.8 293.2 298.4 306.4 312.0 320.1 328.4 335.0 343.4 353.2 358.5 74.8 77.5 78.4 87.1 71.5 73.7 75.6 79.6 77.9 77.4 75.3 76.3 75.6 79.3 82.4 85.8 86.0 86.1 90.6 Goods output Services Structures 78.2 Table 1.4.—Gross National Product by Major Type of Product and Purchaser Table 1.6.—Gross National Product by Major Type of Product and Purchaser in Constant Dollars [Billions of dollars] [Billions of 1958 dollars] Gross national product.. _ _ Durable goods __ Personal consumption expenditures Producers' durable equipment Government purchases N e t exports _ _ _ _ _ __ Change in business inventories Nondurable goods __ _ Persona] consumption expenditures.. _. Government purchases Net exports Change in business inventories __ ______ _ _ _ __ _ _ _ Services Personal consumption expenditures Government purchases _ _ _ _ _ _ Net exports Structures _. Private structures Government structures _ _ _ _ _ __ 1965 1966 1967 684.9 749.9 793.5 865.7 139.6 66.3 45.8 17.5 3.4 6.7 156.7 70.8 53.1 20.0 2.3 10.5 160.9 73.0 55 7 25.9 2.4 3.9 176.7 83.3 59.5 28.1 .4 5.3 Durable goods. Personal consumption expenditures Producers' durable equipment Government purchases N e t exports _ _ _ Change in business inventories 207.6 191.1 12.3 1.4 3.0 226.6 206.9 13.7 1.6 4.3 237.5 215.1 17.5 1.5 3.5 254.4 230.6 21.6 .2 2.0 Nondurable goods _ _ _ Personal consumption expenditures __ _ Government purchases _ _ Net exports Change in business inventories. _ 262.9 175.5 85.2 2.2 289.1 188.6 99.1 1.4 316.7 204.2 111.2 1.3 347.5 222.8 122.9 1.9 Services Personal consumption expenditures Government purchases Net exports 74.8 52.8 22.0 77.5 53.5 24.0 78.4 52.9 25.5 87.1 59.5 27.6 1968 Gross national product _ 1965 1966 1967 617.8 658.1 674.6 707.6 136.5 66.6 44.0 16.8 2.7 6.5 151.8 71.7 50.1 18.7 1.4 98 152.0 72.8 51.0 23.5 1.2 3.5 162.8 80.7 53.2 24 9 -.8 4 7 194.2 178.6 12.3 .7 2.6 205.1 187.0 13.2 .8 4.1 210.7 190.3 16.5 .5 3.4 218.6 196.9 20.5 -.8 1.9 ._ _ 221.9 152.5 66.6 2.8 236.3 159.4 74.9 2.0 249.1 167.2 80.0 1.8 259.9 175.0 82.4 2.5 ^ 65.2 46.1 19.1 65.0 45.3 19.7 62.9 42.9 20.0 66.4 45.9 20.5 __ _ _ _ _ __ _ __ _ _ Structures Private structures _ Government structures 1968 Table 1.5.—Gross National Product by Major Type of Product in Constant Dollars [Billions of 1958 dollars] 1965 1966 1967 1968 I II III VI I II 1968 1967 1966 1965 III IV I III IV I II 678.0 683.5 693.3 705.8 II III IV Seasonally adjusted at annual rates Gross national product 617.8 Final sales _. 608.8 Change in business inventories. . 9.0 658.1 644.2 13.9 674.6 667.7 6.9 707.6 701.0 6.6 601.6 591.7 10.0 610.4 602.1 8.3 622.5 614.0 8.6 636.6 627.3 9.3 649.1 655.0 638.4 10.7 639.6 15.3 660.2 649.1 11.1 668.1 649.5 18.5 666.5 658.0 8.5 670.5 667.4 3.1 670.7 7.4 674.8 8.7 691.8 1.5 696.8 9.0 712.8 718.5 706.3 6.4 709.0 9.6 330.7 356.8 362.7 381.3 321.9 325.5 333.0 342.5 349.7 354.7 357.4 365.5 359.2 362.3 364.2 365.0 370.8 380.8 385.5 388. 2 Final sales 321.7 Change in business inventories. _ 9.0 342.9 13.9 355.7 6.9 374.7 6.6 312.0 10.0 317.2 8.3 324.4 8.6 333.2 9.3 339. 1 ' 339.4 15.3 10.7 346.2 11.1 346.9 18.5 350.7 8.5 359.2 356.8 3.1 7.4 356.3 8.7 369.4 1.5 371.7 9.0 379.1 6.4 378.7 9.6 Durable goods 136.5 130.1 Final sales Change in business inventories. _ 6.5 151.8 141.9 9.8 152.0 148.5 3.5 162.8 158.0 4.7 134.3 126.1 8.2 133.3 126.6 6.7 138.1 131.6 6.5 140.4 136.0 4.4 147.5 139.8 7.7 149.0 139.0 9.9 153.0 143.5 9.5 157.6 145.4 12.2 148.8 145.0 3.8 152.1 150.8 1.3 153.0 148.9 4.1 154.1 149.2 4.9 156.6 1518 1.7 162.3 156.2 6.1 164.5 159.9 4.5 167.8 161.2 6.5 Nondurable goods 194.2 Final sales 191.6 Change in business inventories. _ 2.6 205.1 201.0 4.1 210.7 207.3 3.4 218.6 216.7 1.9 187.6 185.9 1.8 192.2 190.6 1.6 194.9 192.9 2.1 202.1 197.2 4.9 202.3 199.3 3.0 205.7 200.3 5.4 204.4 202.8 1.6 207.8 201.5 6.3 210.4 205.7 4.7 210.2 208.4 1.8 211.2 207.9 3.3 210.9 207.1 3.8 214.3 214.6 -.3 218.4 215.5 2.9 221.1 219.2 1.9 220.5 217.5 3.0 221.9 236.3 249.1 259.9 216.6 220.3 224.0 226.7 231.5 234.7 238.5 240.5 244.8 246.9 251.0 253.7 255.4 258.9 262.4 262.7 65.2 65.0 62.9 66.4 63.1 64.6 65.6 67.4 67.9 65.6 64.3 62.1 62.5 61.3 62.9 64.9 67.1 66.2 64.8 67.5 Goods output Services Structures CURRENT BUSINESS STATISTICS J_HE STATISTICS here update series published in the 1967 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY OF CURRENT BUSINESS. That volume (price $2.50) provides a description of each series, references to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1963 through 1966 (1956-66 for major quarterly series), annually, 1939-66; for selected series, monthly or quarterly, 1947-66 (where available). Series added or significantly revised after the 1967 BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1966 issued too late for inclusion in the 1967 volume appear in the monthly SURVEY beginning with the September 1967 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding to revised annual data are available upon request. 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. 1966 Unless otherwise stated, statistics through 1966 and descriptive notes are shown in the 1967 edition of BUSINESS STATISTICS 1966 1967 | 1968 II Annual total 1967 | III IV I II 1969 1968 IV III i | n III | IV I 11* Seasonally adjusted quarterly totals at annual rates GENERAL BUSINESS INDICATORS—Quarterly Series NATIONAL INCOME AND PRODUCT Gross national product, total t — - Personal consumption expenditures, total bil. $ r 749. 9 r 793. 5 '865 7 '743 3 r 755 9 r ' 774 2 '783 5 ' 800 4 r 816 1 '835 3 '858 7 r 876 4 '892 5 '908 7 925.1 550.7 562.0 570.7 86 3 39 0 34 6 88 4 39 4 35.5 90 4 39 9 36.5 3 3 4 5 238 6 48 1 118 4 20 4 240 6 49 7 118.0 21 1 225 8 31 6 77 9 16 3 230 1 31 9 79 8 16 5 235 0 32 7 81 3 17 1 239 8 33 1 82 9 17 3 126 6 125 2 133 9 135 2 139 9 116 7 86 4 28 3 58 1 30 3 29 7 99 10 3 118 0 88 1 29 0 59 1 29 9 29 4 7 2 75 123 4 91 5 30 1 61 4 31.9 31 4 10 5 10 7 128 6 95 3 32 3 63 0 33 3 32 8 66 66 130 4 98 0 31 6 66 3 32.4 31 9 9 5 93 1.9 47 7 45 9 3.4 50 7 47 3 3.6 53 4 49 7 1.2 50 6 49 4 1.5 47 6 46 1 2.0 58 6 56 6 193.4 96 3 76 1 97 1 198.4 99 0 77 9 99 4 202.5 100 9 78 8 101 7 206.7 101 9 79 3 104 8 210.0 101 6 79 0 108 5 212.5 100 6 78 7 111 9 750 8 ' 765 2 '780 2 ' 792 6 '806 6 '833 6 '848 8 '869 2 '882 0 '902 1 382 5 392 5 377 2 393 3 395 8 412 8 419 3 429 9 441 3 433 0 151 9 158 3 168 9 181 6 151 8 157 7 176 6 173 7 160 0 166 4 225 4 235 5 259 7 230 7 234.2 235 9 256 4 250 4 256 1 246 5 298 4 306 4 312 0 343 4 358 5 353 2 365 8 320 1 328 4 335 0 76 3 75 6 82 4 94 9 75 3 79 3 86 0 86 1 90 6 85 8 915 6 6.6 4 8 18 9.5 770 7 do 466.3 492.3 536.6 461.9 471.2 474.5 480.9 489.8 495.7 502.6 520.6 530.3 544.9 do _ do do 70 8 30.3 29.9 73 0 30.5 31.3 83 3 37.0 34.2 68 5 28 9 29.4 71 3 30 2 30.6 71 9 30 5 30.7 70 0 28 4 30.7 73 5 31 3 31.2 73 3 30 9 31 2 75 2 31 2 32 2 79 5 34 8 33 4 81 8 35 6 33 8 85 8 38 6 35 0 do do do do 206 9 40.3 105.8 16 6 215 1 42 5 108.1 17 7 230 6 46 3 115.0 19 1 206 4 39 9 106.0 16 5 209 6 41 1 106 7 16 7 209 1 40 9 105.6 17 0 213 2 41 7 107.8 17 3 214 4 42 6 107.6 17 5 215 8 42 9 108 1 17 9 216 8 42 7 108 9 18 1 226 1 45 0 112 6 18 9 228 5 45 6 114 8 18 8 233 3 47 4 116 1 19 5 234 47 116 19 do _ .do do do 188 6 27.1 67 5 13.6 204 2 29.1 71 8 14 7 222 8 31.2 77 4 16 1 186 9 26 9 67 0 13 5 190 2 27 6 67 9 13 6 193 5 27 9 69 0 14 1 197 7 28 2 70 1 14 4 201 8 29 0 71 1 14 5 206 29 72 14 6 3 3 8 210 6 30 1 73 7 15 0 215 1 30 5 75 2 15 5 220 0 30 7 76 7 15 9 do 121.4 116 0 126 3 122 4 119 6 126 2 113 6 109 4 117 7 123 3 119 4 Fixed investment do NonresidentiaL . _ _ _. do Structures do Producers' durable equipment _ _ _ do Residential structures do Nonfarm do Change in business inventories _do Nonfarm do 106 6 81.6 28 5 53.1 25.0 24.5 14.8 15 0 108 6 83.7 27 9 55 7 25.0 24 4 7.4 68 119 0 88 8 29 3 59 5 30.2 29 6 7.3 74 106 3 80 3 28 2 52 1 26.0 25 4 16.2 16 2 107 7 83 0 29 0 54 0 24.7 24 2 11 9 12 4 106 3 84 2 28 2 56 0 22.1 21 5 19 9 20 4 104 7 83 3 29 0 54 2 21.4 20 9 90 91 106 1 83 0 27 2 55 8 23.1 22 5 34 30 109 9 83 5 27 8 55 7 26.5 25 9 78 70 113 8 85 0 27 8 57 2 28 8 28 3 9 5 80 117 7 89 1 29 8 59 4 28 6 28 0 16 13 do do do 5.3 43.4 38 1 5.2 46.2 41 0 2.5 50 6 48 1 5.6 42 7 37 1 4.4 43 7 39 3 4.9 44 8 39 9 5.4 45 8 40 4 5.8 45 9 40 1 5.6 46 3 40 7 3.8 46 7 42 g Govt. purchases of goods and services, total, .do Federal do National defense. . _ . ..do State and local do 156.8 77.8 60.7 79 0 180.1 90 7 72.4 89 3 200.3 99 5 78 0 100 7 153.4 75 6 58 5 77 7 160.7 80 5 63 3 80 1 165.2 82 1 65 6 83 0 174.2 87 8 69 9 86 4 178.5 90 3 71 9 88 1 181.3 91 3 73 0 90 0 186.4 93 5 74 6 92 9 Durable goods, total 9 Automobiles and parts Furniture and household equipment Nondurable goods, total 9 Clothing and shoes _ Food and beverages Gasoline and oil Services total 9 Household operation Housing Transportation __ Gross private domestic investment, total Net exports of goods and services. Exports .. Imports By major type of product: f Final sales, total _. Goods, total Durable goods Nondurable goods __._ Services Structures _ do do do .....do do do Change in business inventories do Durable goods . . . do. Nondurable goods _ ._ _ _ do r 735. 1 368 5 146 2 222.3 289 1 77 5 '14.8 10.5 4 3 T 786 2 391 o 157 0 234.1 316 7 78 4 '7.4 3.9 35 r 858 4 423 7 171 4 252 3 347 5 87 1 '7.3 53 2o r 727 1 363 5 142 6 220 9 285 8 77 9 1 T 744 0 373 4 148 1 225 3 293 2 77 4 r '11.9 10 2 17 '19.9 13 2 67 '658 1 T 674 e r 707 6 T 655 o r ego 2 r 668 1 ••16. 2 10 6 56 '9.0 4 2 4 7 '3.4 1.5 18 '7.8 4 4 34 '9.5 56 39 '1.6 19 — 3 '9.9 68 31 '7.2 51 21 ' 10.5 74 31 GNP in constant (1958) dollars Gross national product, total f Personal consumption expenditures, total Durable goods Nondurable goods Services _ - - _ _ _ Gross private domestic investment, total Fixed investment... Nonresidential _. Residential structures Change in business inventories Net exports of goods and services bil $ r 666 5 r 670 5 ' 678 0 r 683 5 r 693 3 ' 705 8 r 712 8 ' 718 5 ' 723 1 do._. 418.1 430.3 452.6 415.1 421.3 420.7 424.4 430.5 431.9 434.3 445 6 449.0 458.2 457.6 462.9 do do do 71.7 187 0 159.4 72.8 190 3 167.2 80.7 196 9 175 0 69.6 186 9 158 5 72 3 188 7 160 2 72.3 187 0 161.5 70.3 190 2 163.9 73.9 190 6 166 1 73 0 190 3 168 6 73 9 190 2 170 3 77 7 196 0 171 8 79.5 195 8 173 7 83.0 198 7 176 5 82.7 197 2 177.7 84.3 199 3 179.3 do 109.3 100.8 105.7 110.8 107.1 112.5 100.5 95.7 101.6 105.4 101.2 106.6 104.1 110.9 109.9 do... do do do 95.4 74.1 21 3 13 9 93.9 73 6 20 3 69 99.1 75 8 23 3 66 95.4 73 2 22 2 15 3 96.0 75 0 20 ° 11 1 94.0 75 4 18 6 18 5 92.0 74 1 17 9 85 92.6 73 5 19 0 31 94.3 73 1 21 2 74 96.7 73 8 23 0 87 99.8 77 1 29 7 15 97.6 74 0 23 5 9o 97.7 75 0 22 7 64 101.4 77 3 24 1 96 104.0 79.4 24 6 59 do... 4.2 3.6 .9 4.8 3.2 0 O 4.0 4.2 4. 1 2.0 .9 1.3 Govt. purchases of goods and services, total.. do. 126.5 148.4 124.3 140.0 128.7 Federal _ do 74 8 78 9 65 4 63 8 67 3 State and local . . .do 61.1 65.2 69.5 60.5 61.4 ' Revised. " Preliminary. t Revised series. Estimates of national income and product and personal income have been revised back to 1965 (see p. 13 ff. of this issue of the SURVEY); 137.6 140.4 141.7 148.9 131.6 140.1 145 6 72 8 79 6 68 6 75 1 75 5 75 7 77 3 63.0 64.8 65.0 64.9 66.0 68.3 69.3 revisions prior to May 1968 for personal income appear on p. 9 Includes data not shown separately. -.3 1.7 148.8 150.2 79 4 79 2 70.8 69.6 26 ff. of this issue 150.6 78 3 72.3 of the SURVEY. s-i 353-833 O - 69 - SI 727 3 July 1969 SURVEY OF CURRENT BUSINESS S-2 Unless otherwise stated, statistics through 1966 and descriptive notes are shown in the 1967 edition of BUSINESS STATISTICS 1966 | 1967 196S 1966 Annual total III IV I II 1969 1968 1967 III IV I II III IV I HP III GENERAL BUSINESS INDICATORS—Quarterly Series—Continued NATIONAL INCOME AND PRODUCT— Con. Quarterly Data Seasonally Adjusted at Annual Rates National income, totalf Compensation of employees, total Wages and salaries, total Private Military _ Government civilian Supplements to wages and salaries Proprietors' income, total 9 Business and professional 9 Farm Rental income of persons bil $ ' 620. 6 do 435.5 467.4 513.6 441.4 449.7 456.2 461.1 470.7 481.7 495.1 507.0 519.8 532.3 546.0 558.0 do do do do do 394.5 316.8 14.6 63.1 41.0 423.5 337.3 16.2 70.0 43.9 465.0 369.0 18.0 78.0 48.6 400.0 320.9 14.9 64.1 41.4 407.4 326.2 15.5 65.7 42.3 413.2 330.2 15.8 67.2 43.0 417.7 333.0 15.9 68.8 43.4 426.5 339.6 16.1 70.8 44.2 436.5 346.3 17.0 73.2 45.1 448.2 355.9 17.3 75.0 47.0 459.0 364.5 17.6 76.8 48.0 470.7 392.7 18.7 79.3 49.1 482.1 382.8 18.3 80.9 50.2 493.3 392.5 18.2 82.5 52.7 504.1 401.8 18.4 84.0 53.8 do do do do 61.3 45.2 16.1 20.0 61.9 47.2 14.7 20.8 63.8 49.2 14.6 21.2 61.1 45.4 15.7 20.1 60.8 45.8 15.0 20.3 60.8 46.5 14.3 20.6 61.7 47.1 14.7 20.8 62.6 47.8 14.8 20.9 62.3 47.5 14.9 21.0 63.2 48.4 14.8 21.1 63.6 49.2 14.3 21.2 64.1 49.3 14.8 21.2 64.1 49.7 14.4 21.4 64.6 49.7 14.9 21.5 66.7 50.3 16.4 21.6 82.4 79.2 87.9 82.5 83.7 78.3 78.3 79.1 81.1 82.5 88.2 90.6 90.3 89.5 9.7 72.7 42.6 18.6 24.0 10.5 68.8 39.0 18.1 20.9 11.5 76.4 44.4 19.9 24.5 9.9 72.6 42.5 18.7 23.7 10.1 73.6 42.9 18.7 24.2 10.2 68.1 39.2 18.2 21.0 10.3 68.0 38.8 17.9 20.8 10.5 68.6 38.3 18.0 20.4 10.8 70.3 39.5 18.3 21.2 11.0 71.6 41.1 19.1 22.0 11.2 76.9 44.9 19.8 25.1 12.1 78.5 45.4 20.4 25.0 11.9 78.5 46.2 20.4 25.8 12.3 77.2 45.1 20.3 24.7 11.9 18.2 10.8 19.0 11.6 20.4 11.9 18.3 11.9 18.9 10.9 18.0 10.7 18.5 10.8 19.5 10.9 19.9 11.3 19.1 11.5 20.6 12.0 21.0 11.6 20.7 11.8 20.3 84.1 34.3 49.9 20.8 29.1 -1.8 21 A 80.3 33.0 47.3 21.5 25.9 -1.1 24.7 91.1 41.3 49.8 23.1 26.7 -3.2 28.0 85.5 34.9 50.7 20.7 29.9 -3.0 21.8 83.2 33.9 49.3 20.2 29.1 .5 22.8 78.4 32.3 46.1 21.1 24.9 -.1 23.5 79.1 32.6 46.4 21.7 24.8 -.7 24.3 79.5 32.5 47.0 22.0 25.0 -.4 25.1 84.4 34.5 49.9 21.1 28.8 -3.3 25.9 87.9 39.9 47.9 22.2 25.7 -5.3 26.7 90.7 41.1 49.7 22.9 26.7 -2.6 27.5 91.5 41.4 50.0 23.6 26.5 -.9 28.4 94.5 42.9 51.6 23.8 27.8 -4.2 29.3 95.5 <43.9 51.7 23.8 27.9 -6.1 29.8 -6.3 30.3 592. 9 ' 605. 0 ' 615. 2 ' 622. 2 '634.5 '645.9 ' 664. 3 '680.1 ' 696. 1 ' 711. 2 ' 724. 4 107.0 113.7 89.3 92.7 80.8 80.6 84.1 86.1 102.6 79.4 76.9 604.3 534.4 587.4 593.4 610.7 559.8 541.6 550.3 575.0 525.6 515.9 566.2 545.1 560.2 577.7 516.6 503.9 535.1 484.3 487.8 494.5 509.7 38.0 39.9 42.3 33.2 33.0 40.0 43.1 37.7 40.7 31.6 37.7 740.7 117.7 623.0 586.6 36.4 Corporate profits and inventory valuation adjustment, total bil $ By broad industry groups: Financial institutions . do Nonfinancial corporations, total do Manufacturing, total do Nondurable goods industries do Durable goods industries do Transportation, communication, and public utilities bil $ All other industries do Corporate profits before tax, total Corporate profits tax liability Corporate profits after tax Dividends.. Undistributed profits Inventory valuation adjustment Net interest do do do do do do do '654.0 '714.4 ' 626. 9 ' 637. 3 '639.3 '646.2 ' 658. 5 ' 672. 0 '688.8 '707.4 ' 724. 1 ' 737. 3 ' 751. 3 24.3 DISPOSITION OF PERSONAL INCOMEf Quarterly Data Seasonally Adjusted at Annual Rates r bil. $ do do do do '587.2 75.4 511.9 479.3 32.5 bil $ do do do 60.63 26.99 13.99 13.00 61.66 26.69 13.70 13.00 64.08 26.44 13.51 12.93 15.57 6.84 3.54 3.30 17.00 7.75 4.07 3.68 13.59 6.10 3.08 3.02 15.61 6.81 3.46 3.34 15.40 6.48 3.33 3.15 17.05 7.30 3.82 3.48 14.25 5.79 2.96 2.82 15.86 6.50 3.22 3.28 16.02 6.63 3.37 3.25 17.95 7.52 3.95 3.57 do do do do do do 1.47 1.9S 3.44 8.41 5.62 12.74 1.42 1.53 3.88 9.88 5.91 12.34 1.42 1.34 4.31 11.54 6.36 12.67 .37 .48 .82 2.36 1.36 3.33 .38 .55 .86 2.36 1.58 3.52 .32 .41 .70 1.84 1.35 2.87 .34 .41 1.12 2.46 1.49 2.99 .37 .35 .98 2.66 1.46 3.09 .39 .36 1.07 2.92 1.62 3.39 .36 .37 .98 2.33 1.48 2.93 .36 .36 1.04 2.97 1.51 3.11 .34 .30 1.12 2.96 1.50 3.18 .35 .30 1.18 3.28 1.86 3.46 do... do do... do 61.25 27.55 14.35 13.20 62.80 27.75 14.50 13.25 61.65 27.85 14.20 13.70 61.50 27.00 13.75 13.25 60.90 26.15 13.50 12.65 62.70 26.00 13.50 12.55 64.75 26.35 13.65 12.70 62.60 25.80 12.80 13.00 63.20 26.65 13.65 13.05 65.90 26.85 13.90 12.95 68.90 * 72. 00 2 73. 45 28.20 30.30 30.75 15.85 16.00 15.00 14.45 14.75 13.20 do. _ do do do. _ do do 1.45 1.85 3.40 8.55 5 60 12.85 1.45 2.35 3.50 8.50 5 95 13.30 1.40 1.80 3.05 9.20 5.75 12.55 1.30 1.55 3.90 9.70 5.80 12.25 1.45 1.40 4.10 9.80 6.05 11.95 1.50 1.40 4.45 10.65 6.05 12.65 1.55 1.65 4.35 11.60 6.35 12.85 1.40 1.40 3.65 11.65 5.90 12.80 1.35 1.20 4.60 10.90 6.15 12.35 1.35 1.15 4.80 12.00 6.95 12.75 1.55 1.35 4.80 13.05 7.25 12.75 10, 936 7,412 '202 1,573 1,748 11, 196 7,564 210 1,640 1,782 11,461 7,688 333 1,612 1,828 11, 484 7,723 335 1,580 1,846 11, 577 7,669 239 1,801 1,868 11, 667 7,601 332 1,879 1,855 11,934 7,941 305 1,771 1,917 12,668 8,395 353 1,973 1,947 13, 344 8,879 406 2,040 2,019 12, 653 8,383 364 1,917 1,989 11, 890 7,474 p 416 2,075 1,925 -38, 082 -41,012 -48,077 -9, 836 -9, 973 Imports of goods and services do Merchandise, adjusted, excl. military do -25,463 -26,821 -32,972 -6, 595 -6, 676 Military expenditures do -3, 764 -4, 378 -4, 530 -975 -987 Income on foreign investments in the U.S._do - 2, 142 -2,362 -2,932 -569 -591 Other services . do -6, 713 -7,451 -7,643 -1,697 -1,719 Unilateral transfers, net (excl. military grants); transfers to foreigners (—) mil. $ ! -2,833 -2,998 -2,865 -682 -640 r Revised. p Preliminary. c Corrected, i2 Estimates for Apr.-June 1969 based on anticipated capital expenditu res of bu siness. Estimates for July-Sept. 1969 based on anticip ated capi tal expen ditures of busin ess. Anticipated expenditures for the year 1969 are as fc>llows (in bil. $): J>ill industries, 72 17; manufacturing, total, 29.99; durable goods industri es, 15.61; nondural)le goods industr les, 14.38; mining, 1.58; railroad, 1.54; transportation, 4.83; public u tilities, 13 09; cominunication, 7.60; commercial and other, 13.54. 3 Includes commi inication. * T h e <estimate of corpor ate income tax assumes continuance of the surcharge a t 10 perce nt and di scontinu ance of the investment tax credit. -10,100 -6, 660 -1,085 -584 -1,771 -10,033 -6,465 -1,075 -591 -1,902 -10,173 -6, 542 -1,106 -580 -1,945 -10,706 -7, 154 -1,112 -607 -1,833 -11,463 -7,817 -1,102 -671 -1,873 -11,827 -8, 131 -1,116 -742 -1,838 -12,435 -8, 566 -1,143 -770 -1,956 -12,352 -8,458 -1,169 -749 -1,976 -11,525 -7,577 -1,198 p-894 "- 1,856 Personal income, total Less: Personal tax and nontax payments Equals: Disposable personal income Less: Personal outlays© Equals: Personal saving§._ '629.4 ' 687. 9 82.9 97.9 546.5 590.0 506.2 551.6 40.4 38.4 NEW PLANT AND EQUIPMENT EXPENDITURES Unadjusted quarterly or annual totals: All industries .. Manufacturing Durable goods industries! Nondurable goods industries^ Mining. _ _ _ _ _ . . Railroad Transportation, other than rail Public utilities Communication Commercial and other Seas. adj. qtrly. totals at annual rates: All industries Manufacturing Durable goods industries? Nondurable goods industries? Mining.. _ Railroad Transportation, other than rail Public utilities Communication Commercial and other.. _ . 15.21 1 18. 21 2 18. 49 6.21 7.60 7.63 3.95 3.26 3.96 2.95 3.65 3.68 .36 .32 1.06 2.66 1.68 2.91 .43 .38 1.24 3.40 .39 .40 1.24 3.50 35.17 35.33 1.70 1.45 4.35 13.30 1.55 1.70 5.10 13.15 320.95 3 21. 25 U.S. BALANCE OF INTERNATIONAL PAYMENTSd* Quarterly Data Are Seasonally Adjusted (Credits +; debits -) Exports of goods and services (excl. transfers under military grants) mil $ Merchandise, adjusted, excl. military do Transfers under military sales contracts do Income on U.S. investments abroad do Other services .. do 43, 361 29,389 829 6,252 6,891 46, 189 30,681 1,239 6,872 7,397 50, 599 33, 598 1,428 7,701 7,872 -774 -691 -823 -648 -690 -766 p-607 -836 -635 tSee correspcmding n ote on p. S-l. 9 Includejs invent ory valu<ition adj ustment. 0P€ rsonal o utlays c()mprise personal cons u in t >tion exp enditure s, intere st paid by consumer s, and pe rsonal tr ansfer pa yments t o foreign ers. §Per sonal sa^ring is ex cess of di sposable income c>ver pers raal outl ays. IfDa ta for in lividual durable and nonelurable g oods ind ustries oomponen ts appear in the Mar., JFune, Sep)t., and I)ec. issue)s of the £SURVEY. cfM ore com p lete deta Is are given in the quarterl:7 reviews in the M ar., June3, Sept., and Dec. issues of the Su RVEY. B evised d ata back to 1960 appear 01i p. 29 ffof the J une 1969 issue.
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