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SUEVEY OF CUREENT BUSINESS

8

July 1970

NATIONAL INCOME AND PRODUCT TABLES
1970

1969

II

1969

III

IV

1969
II

1968

1969

II

Seasonally adjusted at annual rates

1970
III

IV

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)
865.0

Nonresidential
Structures. _
Producers' durable equipment...

.

Residential structures
Nonfarm
Farm

..

.-.

..._.-

Change in business inventories
Nonfarm
Farm

_

951.7

959.5

970.1

707.2

727.1

722.1

726.1

730.9

729 2

723 8

724 3

582.1

592.6

603.1

614.2

452.3

467.7

463.3

467 1

468 7

471 7

474 o

477 5

90.0
245.8
241.6

89.1
239.2
233.5

90.6
244.0
238.7

89.5
248.1
244.5

90.8
252.0
249.8

89.1
258.8
255.2

91.8
262.1
260.2

81.4
196 5
174.4

84.9
201 2
181.6

84.9
199 7
178 7

85 7
200 9
180 5

84. 1
201 9
182 7

84 9
202 4
184 4

82 7
205 6
185 8

84 7
206 0
186 7

139.8

136.0

139.3

143.8

140.2

133.2

133.8

105.7

111.3

109.7

111.5

114.1

110.0

102.9

103 0

131.4

128.7

131.4

132.4

133.0

131.6

131.2

98.8

104.1

103.6

104.8

104.2

103 9

101 5

100 5

88.7
29.6
59.1

99.3
33.8
65.5

95.7
32.6
63.1

97.5
32.3
65.2

101.5
35.2
66.3

102.6
35.1
67.5

102.6
35.7
66.9

102.7
35.0
67.8

75.5
22.7
52.7

80.8
24.0
56.9

79.3
23.8
55.4

80 2
23.1
57.0

81 9
24.6
57.3

82 1
24.3
57.8

80 9
24 4
56 5

80 5
23 6
56 9

30.3
29.7
.5

32.0
31.5
.6

33.0
32.4
.5

33.9
33.3
.6

31.0
30.4
.6

30.4
29.8
.6

29.1
28.4
.6

28.5
27.9
.6

23.3
22.9
.4

23.3
22.8
.4

24.3
23.9
.4

24.7
24.2
4

22.3
21.8
4

21 8
21.4
4

20 7
20 2
4

20 0
19 6
4

7.6
7.5
.1

Fixed investment

942.6

573.3

118.9

Gross private domestic investment. ._

923.7

561.8

126.5

Durable goods
Nondurable goods
Services

907.6

577.5

84.0
230.2
221.6

_

931.4

535.8

Gross national product .
Personal consumption expenditures

8.5
8.0
.4

7.4
7.3
.1

7.9
7.6
.3

11.3
10.8
.5

7.2
6.5
.7

1.6
.9
.7

2.6
2.1
.5

6.9
6.8
.1

7.2
6.8
.4

6.1
5.9
.1

6.6
6.3
.3

9.9
9.3
.6

6.1
5.4
.8

13
.8
6

25
2.0
4

. .. ...

Exports
Imports

1.9

1.3

1.3

2.6

2.6

3.5

3.8

.9

.2

-.4

-.3

.8

.9

1.9

2.1

55.5
53.6

47.8
46.5

57.2
55.9

58.3
55.6

58.8
56.2

61.1
57.6

62.5
58.7

45.7
44.8

48.5
48.2

42.3
42.6

50.7
51.1

50.8
50.0

50.0
49.1

52 0
50.1

53 2
51.0

200.2

.

212.2

208.5

209.9

214.1

216.3

219.6

218.3

99.5
78.0
21.5
100.7

Government purchases of goods and services
Federal
National defense
Other
State and local

2.5

50.6
48.1

Net exports of goods and services.

101.3
78.8
22.6
110.8

100.9
78.6
22.4
107.5

99.8
77.9
21.9
110.1

102.5
79.8
22.7
111.6

102.1
78.8
23.3
114.2

102.3
79.3
23.0
117.4

99.6
77.1
22.5
118.7

148.3

147.8

149.5

147.9

147.3

146.6

145.0

141 7

78.7

75.7

78.0

75.8

75.2

73.8

71.1

68.1

69.6

72.1

71.5

72.1

72.1

72.9

73.8

73 6

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

865.0
857.4
7.6

931.4
922.9
8.5

907.6
900.2
7.4

923.7
915.9
7.9

942.6
931.2
11.3

951.7
944.5
7.2

959.5
957.9
1.6

970.1
967.5
2.6

707.2
700.3
6.9

727.1
719.9
7.2

722.1
716.1
6.1

726.1
719 4
6.6

730.9
720 9
9.9

729.2
723 0
6.1

723.8
722 4
1.3

724 3
721 8
2.5

Goods output
Final sales
Change in business inventories

430.6
422.9
7.6

460.0
451.6
8.5

448.3
440.9
7.4

456.7
448.8
7.9

466.2
454.9
11.3

468.9
461.7
7.2

467.1
465.5
1.6

2.6

380.7
373.8
6.9

392.2
385.0
7.2

388.5
382.4
6.1

391.1
384.5
6.6

395.7
385.8
9.9

393.5
387 4
6.1

387.3
386 0
1.3

2 5

Durable goods
Final sales
Change in business inventories

176.1
170.4
5.7

190.2
183.9
6.4

186.1
180.5
5.6

189.4
182.7
6.7

192.7
184.8
7.9

192.7
187.4
5.3

185.3
185.5
-.3

162.1
157.1
5.1

170.1
164.7
5.3

168.4
163.6
4.8

170 0
164.5
5.5

171 6
164.9
6.7

170 3
165.9
4.4

162 3
162.6
-.3

Nondurable
Final sales__
..
Change in business inventories

254.5
252.5
2.0

269.8
267.7
2.1

262.1
260.4
1.8

267.3
266.1
1.2

273.5
270.1
3.5

276.2
274.3
1.9

281.8
280.0
1.9

218.6
216.7
1.8

222.1
220.3
1.8

220.1
218.8
1.3

221.1
220.0
1.1

224.1
220.9
3.2

223.3
221.5
1.8

225.1
223.4
1.6

347.1
87.4

377.6
93.8

364.8
94.5

372.3
94.8

383.0
93.3

390.3
92.5

400.1
92.3

260.0
66.6

268.2
66.6

264.7
68.9

267.2
67.8

269.8
65.4

271.3
64.4

273.1
63.4

Services.
Structures

--

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
PrivateBusiness
Nonf arm
Farm
Households and institutions
Rest of the world.
General government

865.0

931.4

907.6

923.7

942.6

951.7

959.5

970.1

707.2

727.1

722.1

726.1

730.9

729.2

723.8

770.1

827.8

808.2

822.3

836.6

844.0

848.5

857.3

647.6

666.4

662.1

665.6

669.8

668.1

663.1

663.,

740.1
714.6
25.5

795.4
767.9
27.5

776.2
749.1
27.1

790.3
762.7
27.6

804.2
776.6
27.6

810.8
783.0
27.8

814.3 822.8
785.5 794.2
28.8
28.5

627.2
603.4
23.8

646.0
622.5
23.6

641.5
616.7
24.7

645.3
622.0
23.3

649.7
626.2
23.5

647.6
624.7
22.8

642.1
619.5
22.6

642.,
619.,
23. (

25.3
4.7

28.1
4.3

27.4
4.6

27.8
4.2

28.3
4.1

29.0
4.2

29.6
4.5

30.1
4.5

15.9
4.5

16.4
4.0

16.3
4.3

16.3
3.9

16.3
3.8

16.6
4.0

16.7
4.3

16. (
4.;

111.0

112.9

59.7

60.7

60.1

60.5

61.0

61.1

60.7

61. (

94.9

103.6

99.4

101.4

106.0

107.7

» Preliminary.




HISTORICAL STATISTICS
National income and product statistics for earlier periods are available as follows:
Data for 1966-69, July 1970 SUKVEY OF CURRENT BUSINESS; 1964-65, July 1968 SURVEY;
1929-63, The National Income and Product Accounts of the United States (available from
U.S. Department of Commerce Field Offices or from the Superintendent of Documents,
U.S. Government Printing Office, Washington, D.C. 20402, price $1.00 per copy).

724.,

SUEVEY OF CUEEENT BUSINESS

July 1970

17

Product and National Income

1.—Gross

Table 1.1.—Gross National Product

1966

1967

1968

1966

1969
I

1967
III

II

IV

Millions of dollars

I

II

1969

1968
III

IV

I

I

IV

III

I

II

III

IV

Billions of dollars, seasonally adjusted at annual rates

749,857 793,927 865,045 931,403

729.5

743.3

755.9

770.7

774.4

784.5

800.9

815.9

834.9

858.1

875.8

891.4

907.6

923.7

942.6

951.7

Personal consumption expenditures
466,334 492,066 535,834 577,458

457.8

461.9

471.2

474.5

480.7

489.6

495.5

502.5

519.7

529.1

543.8

550.8

561.8

573.3

582.1

592.6

70, 752 73, 120 84, 040 90, 010
206, 936 214,968 230, 151 245, 819
188,646 203,978 221, 643 241,629

71.2
202.6
183.9

68.5
206.4
186.9

71.3
209.6
190.2

71.9
209.1
193.5

69.8
213.1
197.8

73.6
214.2
201.8

73.7
215.5
206.3

75.3
217.1
210.1

79.9
225.6
214.2

82.6
227.6
218.9

86.7
232.6
224.5

86.9
234.8
229.0

89.1
239.2
233.5

90.6
244.0
238.7

89.5
248.1
244.5

90.8
252.0
249.8

Gross private domestic investment
121,431 116,555 126,545 139,819

117.5

122.4

119.6

126.2

114.0

110.7

118.6

123.0

119.8

127. 3

126.5

132.6

136.0

139.3

143.8

140.2

106.2

106.3

107.7

106.3

.104. 4

106.2

109.9

113.0

117.2

117.0

118.3

123.3

128.7

131.4

132.4

133.0

86.4
28.9

88.3
29.4

91.6
30.3

95.7
32.6

97.5
32.3

101.5
35.2

102.6
35.1

Gross national product

Durable goods.
Nondurable goods
Services.
. _ . .

Fixed investment

106, 628 108, 362 118, 924 131, 360

Nonresidential
Structures
Producers' durable
equipment

81, 586
28, 492

83, 299
28, 026

88,656
29,604

99, 312
33, 802

78.8
28.6

80.3
28.2

83.0
29.0

84.2
28.2

82.9
29.0

82.9
27.3

83.3
27.9

84.1
28.0

88.3
29.8

53,094

55, 273

59, 052

65, 510

50.2

52.1

54.0

56.0

53.9

55.6

55.4

56.2

58.5

57.5

59.0

61.3

63.1

65.2

66.3

67.5

Residental structures
Nonfarm
Farm

25,042
24, 501
541

25, 063
24, 494
569

30, 268
29, 719
549

32, 048
31, 474
574

27.4
26.9
5

26.0
25.4
5

24.7
24.2
5

22.1
21.5
6

21.6
21.0
6

23.3
22.7
6

26.6
26.0
6

28 8
28.3
6

28.8
28.3
6

30.6
30.1
6

29.9
29.4
5

31.7
31.1
5

33.0
32.4
5

33.9
33.3
6

31.0
30.4
6

30.4
29.8
6

Change in business inventories
Nonfarm.
Farm

14,803
14,961
-158

8,193
7,456
737

7,621
7,525
96

8,459
8,047
412

11.3
10.9
3

16.2
16.2
— l

11.9
12.4
—.4

19.9
20.4
— 5

9.6
9.5
1

4.5
4.0
6

87
7.8
9

10 0
8.5
14

2.6
2.5
2

10.4
10.3
1

8.2
8.1
1

9.3
9.3
.0

7.4
7.3
.1

7.9
7.6
.3

11.3
10.8
.5

7.2
6.5
.7

5,279

5,213

2,493

1,949

6.2

5.6

4.4

4.9

5.5

5.8

5.6

4.0

1.8

3.4

3.4

1.4

1.3

1.3

2.6

2.6

43, 360
38,081

46, 203
40,990

50, 622
48, 129

55, 514
53, 564

42.2
36.0

42.7
37.1

43.7
39.3

44.8
39.9

45.8
40.4

46.0
40.1

46.3
40.7

46.8
42.8

47.7
45.9

50.7
47.3

53.2
49.8

50.9
49.5

47.8
46.5

57.2
55.9

58.3
55.6

58.8
56.2

Government purchases of goods
156, 813 180,093 200, 173 212,177
and services . _

Net exports of goods and servicesExports
Imports

State and local

. ._

148.0

153.4

160.7

165.2

181.3

186.5

193.6

198.3

202.1

206.7

208.5

209.9

214.1

216.3

77, 773
60, 688
17, 085

Federal
National defense
Other.

90, 706
72, 354
18, 352

99, 488 101, 339
78, 000 78, 763
21,488 22, 576

72.8
55.3
17.5

75.6
58.5
17.2

80.5
63.3
17.2

82.1
65.6
16.5

87.7
69.9
17.9

90.1
71.8
18.3

91.4
73.0
18.3

93.6
74.7
18.9

96.4
76.3
20.1

98.9
77.8
21.1

100.7
78.6
22.1

101.9
79.2
22.7

100.9
78.6
22.4

99.8
77.9
21.9

102.5
79.8
22.7

102.1
78.8
23.3

79,040

89, 387 100, 685 110,838

75.2

77.7

80.1

83.0

86.5

88.2

89.9

92.9

97.2

99.4

101.4

104.7

107.5

110.1

111.6

114.2

III

IV

174.2

178.4

Table 1.2.—Gross National Product in Constant Dollars
[Billions of 1958 dollars]
1966
1966

1967

1968

1969

I

II

III

VI

I

II

1969

1968

1967
III

IV

I

III

II

IV

I

II

Seasonally adjusted at annual rates
Gross national product. . . .

658.1

675.2

Personal consumption expenditures. 418.1

430.1

452.3

72.9
190.2
167.0

81.4
196.5
174.4

84.9
201.2
181.6

72.7
185.2
157.4

69.6
186.9
158.5

72.3
188.7
160.2

72.3
187.0
161.5

70.1
190.2
163.8

101.2

105.7

111.3

106.9

110.8

107.1

112.5

100.7

Durable goods
Nondurable goods _ .
Services

71.7
187.0
159.4

Gross private domestic investment. . 109.3
Fixed investment

707.2

727.1

467.7

649.1
415.3

655.0
415.1

95.4

93.5

98.8

Nonresidential
Structures
Producers' durable
equipment

74.1
24.0

73.2
22.6

75.5
22.7

50.1

50.6

52.7

56.9

48.1

Residential structures
Nonfarm
Farm

21.3
20.9
.5

20.4
19.9
.5

23.3
22.9
.4

23.3
22.8
.4

23.6
23.2
.5

13.9
14.1
-.2

7.7
7.0
.7

6.9
6.8
.1

7.2
6.8
.4

10.7
10.4
.3

15.3
15.4
-.1

Change in business inventories....
Nonfarm
Farm
Net exports of goods and services... .
Exports
Imports
Government purchases of goods and
services
Federal
State and local




104.1

80.8
24.0

96.2
72.5
24.5

95.4
73.2
23.8

660.2
421.3

96.0

668.1

420.7

94.0

666.6
424.2

91.6

671.6

430.3
74.0
190.4
165.9
96.7
92.5

678.9
431.6

683.6
434.3

693.5

705.4

712.6

717.5

722.1

726.1

730.9

729.2

445.0

448.4

457.7

458.1

463.3

467.1

468.7

471.7

83.9
197.9
175.9

83.2
197.6
177.4

84.9
199.7
178.7

85.7
200.9
180.5

84.1
201.9
182.7

84.9
202.4
184.4

73.3
190.0
168.3

74.0
190.3
169.9

78.1
195.5
171.3

80.2
194.9
173.2

102.4

105.1

101.3

107.1

105.1

109.5

109.7

111.5

114.1

110.0

95.9

98.9

97.6

97.7

101.0

103.6

104.8

104.2

103.9

72.9
22.1

76.1
23.4

73.8
22.3

74.9
22.3

77.1
22.9

80.2
23.1

81.9
24.6

82.1
24.3

94.2

79.3
23.8

75.0
24.2

75.4
23.4

73.6
23.8

73.3
22.2

49.4

50.9

52.0

49.8

5.1.1

50.6

50.8

52.7

51.5

52.6

54.3

55.4

57.0

57.3

57.8

22.2
21.7
.5

20.9
20.4
.5

18.6
18.1
.5

18.0
17.5
.5

19.2
18.7
.5

21.3
20.8
.5

23.0
22.5
.5

22.9
22.4
.5

23.8
23.4
.4

22.8
22.3
.4

23.9
23.5
.4

24.3
23.9
.4

24.7
24.2
.4

22.3
21.8
.4

21.8
21.4
.4

11.1
11.5
-.4

18.5
19.0
-.5

9.1
9.0
.1

4.3
3.7
.6

8.3
.7.4
.9

9.2
7.8
1.4

2.4
2.2
.2

9.5
9.4
.1

7.4
7.3
.1

8.5
8.4
.1

6.1
5.9
.1

6.6
6.3
.3

9.9
9.3
.6

6.1
5.4
.8

72.9
22.3

4.2

3.6

.9

.2

5.5

4.8

3.2

3.3

4.0

4.3

4.2

2.1

.8

1.5

1.5

-.2

-.4

-.3

.8

.9

40.2
36.1

42.1
38.5

45.7
44.8

48.5
48.2

40.0
34.5

39.9
35.1

40.3
37.1

40.7
37.5

41.7
37.8

42.0
37.7

42.2
38.0

42.6
40.4

43.8
43.1

45.4
43.9

47.8
46.3

45.6
45.8

42.3
42.6

50.7
51.1

50.8
50.0

50.0
49.1

126.5

65.4
61.1

140.2

74.7
65.5

148.3

78.7
69.6

147.8

75.7
72.1

121.4

62.0
59.4

124.3

63.8
60.5

128.7

131.6

67.3
61.4

68.6
63.0

137.7

72.8
64.9

140.2

74.9
65.3

140.7

75.4
65.3

142.2

75.5
66.7

146.4

77.5
68.9

148.5

79.1
69.4

148.3

78.9
69.4

150.0

79.4
70.6

149.5

78.0
71.5

147.9

75.8
72.1

147.3

75.2
72.1

146.6

73.8
72.9

SUEVEY OF CUKKENT BUSINESS

18

July 1970

Table 1.3.—Gross National Product by Major Type of Product
[Billions of dollars]

1966
1966

1968

1967

1969

I

II

1967
IV

III

I

II

1968
III

IV

I

1969

II

III

IV

I

II

III

IV

Seasonally adjusted at annual rates
749.9

793.9

865.0

931.4

729.5

743.3

755.9

770.7

774.4

784.5

800.9

815.9

834.9

858.1

875.8

891.4

907.6

923.7

942.6

951.7

Final sales
735.1
Change in business inventories. _ 14.8

785.7
8.2

857.4
7.6

922.9
8.5

718.2
11.3

727.1
16.2

744.0
11.9

750.8
19.9

764.8
9.6

780.0
4.5

792.2
8.7

805.9
10.0

832.3
2.6

847.8
10.4

867.6
8.2

882.1
9.3

900.2
7.4

915.9
7.9

931.2
11.3

944.5
7.2

383.3

398.9

430.6

460.0

371.0

379.7

385.3

397.1

391.9

396.7

401.8

405.0

414.2

428.2

437.2

442.6

448.3

456.7

466.2

468.9

368.5
Final sales
Change in business inventories. . 14.8

390.7
8.2

422.9
7.6

451.6
8.5

359.7
11.3

363.5
16.2

373.4
11.9

377.2
19.9

382.4
9.6

392.1
4.5

393.1
8.7

395.0
10.0

411.6
2.6

417.8
10.4

429.0
8.2

433.3
9.3

440.9
7.4

448.8
7.9

454.9
11.3

461.7
7.2

Durable goods .
156.7
146.2
Final sales
Change in business inventories. . 10.5

161.1
156.5
4.7

176.1
170.4
5.7

190.2
183.9
6.4

150.3
142.2
8.2

153.1
142.6
10.6

158.3
148.1
10.2

165.0
151.8
13.2

156.5
151.5
5.0

160.3
158.2
2.1

163.2
157.6
5.6

164.6
158.5
6.1

167.7
165.2
2.5

175.1
168.0
7.1

178.9
173.1
5.8

182.6
175.3
7.2

186.1
180.5
5.6

189.4
182.7
6.7

192.7
184.8
7.9

192.7
187.4
5.3

226.6
Nondurable goods
222.3
Final sales
Change in business inventories. . 4.3

237.7
234.2
3.5

254.5
252.5
2.0

269.8
267.7
2.1

220.7
217.6
3.1

226.5
220.9
5.6

227.0
225.3
1.7

232.0
225.4
6.7

235.5
230.8
4.6

236.4
234.0
2.4

238.6
235.5
3.1

240.4
236.5
3.9

246.5
246.4
.1

253.0
249.8
3.2

258.3
255.9
2.4

260.0
258.0
2.1

262.1
260.4
1.8

267.3
266.1
1.2

273.5
270.1
3.5

276.2
274.3
1.9

289.1

316.5

347.1

377.6

279.0

285.8

293.2

298.4

306.0

311.9

319.7

328.4

334.7

343.1

352.2

358.4

364.8

372.3

383.0

390.3

77.5

78.6

87.4

93.8

79.6

77.9

77.4

75.3

76.4

75.9

79.4

82.5

86.0

86.8

86.3

90.5

94.5

94.8

93.3

92.5

Gross national product

Goods output. .

Services

- . . -.

Structures

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 1958 dollars]

[Billions of dollars]

1966

1967

1968

Gross national product -

749.9

793.9

865.0

931 4

Durable goods
Personal consumption expenditures
Producers' durable equipment Government purchases ..
Net exports
Change in business inventories

156.7
70.8
53.1
20.0
2.3
10.5

161.1
73. 1
55.3
25.7
24
4.7

176.1
84.0
59.1
26.9
4
5.7

190.2
90 0
65.5
27.5
8
64

Durable goods
Personal consumption expenditures
Producers' durable equipment
Government purchases
Net exports
Change in business inventories

226.6
206.9
13.7
1.6
4.3

237.7
215.0
17.7
15
3.5

254.5
230.2
22.2
2
2.0

269.8
245.8
22.0
o
21

Services
Personal consumption expenditures
Government purchases
Net exports
- -

..

Nondurable goods
_
Personal consumption expenditures
...
.. _
Government purchases _ _ ..
... . . . .
Net exports
Change in business inventories
Services
Personal consumption expenditures
Government purchases
. . .
Net exports

. . .

289.1
188.6
99.1
1.4

347.1
221.6
123.6
1.9

377.6
241.6
134.7
1.3

77.5
53.5
24.0

Structures
...
Private structures
Government structures

316.5
204.0
111.2
1.4

78.6
53.1
25.5

87.4
59.9
27.5

93.8
65.9
27 9

Structures
Private structures
Government structures

-

-.

. ...

.

... ..
-- --

-

675 2

707 2

727 1

151 8
71 7
50.1
18 7
14
98

152 2
72 9
50 6
23 3
12
4 3

162 1
81 4
52 7
23 7
— 8
51

170
84
56
23
—
5

205.1
187 0
13 2
g
4.1

210.9
190 2
16 6
5
3.5

218.6
196 5
21 0
— 8
1.8-

222.1
201 2
20 2
—1.1
1.8

236.3
159.4
74 9
2.0

Gross national product

1968

249.1
167.0
80.2
1.9

260.0
174.4
83 1
2.5

268.2
181.6
84.7
2.0

65.0
45.3
19.7

Nondurable goods
Personal consumption expenditures
Government purchases
Net exports
Change in business inventories

.".

1969

1967

658 1

1966

63.0
43.0
20.0

66.6
46.1
20.5

66.6
47.2
19.4

.. - - -

1969

1
9
9
5
6
3

Table 1.5.—Gross National Product by Major Type of Product in Constant Dollars
[Billions of 1958 dollars]

1966

1967

1968

1969

I

II

III

IV

I

II

1969

1968

1967

1966

III

IV

I

II

III

IV

I

II

III

IV

Seasonally adjusted at annual rates
658.1

675.2

707.2

727.1

649.1

655.0

660.2

668.1

666.6

671.6

678.9

683.6

693.5

705.4

712.6

717.5

722.1 726.1 730.9

729.2

Final sales
... .
644.2
Change in business inventories. . 13.9

667.5
7.7

700.3
6.9

719.9
7.2

638.4
10.7

639.6
15.3

649.1
11.1

649.5
18.5

657.5
9.1

667.3
4.3

670.6
8.3

674.4
9.2

691.1
2.4

695.9
9.5

705.2
7.4

709.0
8.5

716.1
6.1

719.4
6.6

720.9
9.9

723.0
6.1

356.8

363.1

380.7

392.2

349.7

354.7

357.4

365.5

359.6

363.1

364.9

364.7

370.5

379.8

385.6

387.0

388.5

391.1

395.7

393.5

Final sales
342.9
Change in business inventories. _ 13.9

355.4
7.7

373.8
6.9

385.0
7.2

339.1
10.7

339.4
15.3

346.2
11.1

346.9
18.5

350.5
9.1

358.8
4.3

356.7
8.3

355.5
9.2

368.2
2.4

370.3
9.5

378.2
7.4

378.5
8.5

382.4
6.1

384.5
6.6

385.8
9.9

387.4
6.1

Durable goods
151.8
Final sales
. ..
141.9
Change in business inventories9.8

152.2
148.0
4.3

162.1
157.1
5.1

170.1
164.7
5.3

147.5
139.8
7.7

149.0
139.0
9.9

153.0
143.5
9.5

157.6
145.4
12.2

149.1
144.5
4.5

152.5
150.6
1.9

154.0
148.8
5.2

153.4
148.0
5.4

156.0
153.7
2.3

161.8
155.4
6.5

164.1
159.4
4.7

166.7
159.8
6.9

168.4
163.6
4.8

170.0
164.5
5.5

171.6
164.9
6.7

170.3
165.9
4.4

Nondurable goods. _
.. . 205.1
Final sales .
- 201.0
Change in business inventories4.1

210.9
207.4
3.5

218.6
216.7
1.8

222.1
220.3
1.8

202.3
199.3
3.0

205.7
200.3
5.4

204.4
202.8
1.6

207.8
201.5
6.3

210.5
206.0
4.5

210.6
208.2
2.4

210.9
207.9
3.1

211.3
207.5
3.8

214.5
214.5
.0

217.9
214.9
3.0

221.5
218.8
2.7

220.4
218.7
1.6

220.1
218.8
1.3

221.1
220.0
1.1

224.1
220.9
3.2

223.3
221.5
1.8

Services

249.1

260.0

268.2

231.5

234.7

238.5

240.5

244.4

247.0

251.0

254.0

255.8

258.9

262.1

263.1

264.7

267.2

269.8

271.3

61.5

63.0

64.9

67.1

66.7

64.9

67.4

68.9

67.8

65.4

64.4

Gross national product ...

Goods output

_. _.

... . .

Structures




.- 236.3

65.0

63.0

66.6

66.6

67.9

65.6

64.3

62.1

62.6

CURRENT BUSINESS STATISTICS

J.HE STATISTICS here update series published in the 1969 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $3.00) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1965 through 1968 (1958-68 for major quarterly series), annually, 1939-68; for selected series,
monthly or quarterly, 1947-68 (where available). Series added or significantly revised after the 1969 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1968 issued too late for inclusion in the 1969 volume appear in the monthly
SURVEY beginning with the September 1969 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
The sources of the data are given in the 1969 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 189-90.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely.
Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights.
1967
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS

1968 | 1969

1967

II

Annual total

III

IV

I

II

1970

1969

1968

III

IV

i | n

III

I

| IV

| HP

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
Gross national product, total f

bil. $

Durable goods total 9- - -- - -Automobiles and parts
Furniture and household equipment

-

-

Gross private domestic investment, total

970. 1

535.8

577.5

489.6

495.5

502.5

519.7

529.1

543.8

550.8

561.8

573.3

582.1

592.6

603.1

614.2

73.1
30.5
31.4

84.0
37.2
34.6

90 0
40.3
36.7

73 6
31.4
31.2

73 7
31 2
31.3

75 3
31.1
32.5

79 9
34 9
33.7

82 6
36.0
34.1

86 7
39.1
35.4

86.9
38.8
35.2

89.1
39.8
35.8

90.6
40.0
37.2

89.5
40.2
36.7

90.8
41.1
36.9

89.1
37.7
38.3

91.8
39.5
38.9

215.0
42.3
108.5
17.6

230.2
46.1
115. 1
19.0

245.8
49.9
121 7
21.1

214.2
42.5
107 8
17.5

215 5
42.7
108 4
17 7

217. 1
42.5
109 5
18. 1

225 6
44.8
112 7
18.8

227.6
45.2
114 7
18 6

232.6
47.1
116 1
19. 2

234.8
47.2
117 0
19.3

239.2
47.9
119. 1
20.3

244.0
50.0
120.8
20.8

248.1
50.7
122.4
21.5

252.0
50.9
124.6
21.7

258.8
51.3
128.8
22.4

262.1
52.1
130.3
22.8

do
do
do
do

204.0
29.1
71.8
14.5

221.6
31.2
77.4
15.6

241.6
33.9
84.0
16.7

201.8
29.0
71.2
14.4

206.3
29 2
72.3
14.6

210.1
30. 1
73.7
14.6

214.2
30 4
75.2
15.2

218.9
30 8
76.6
15.3

224.5
31 5
77.9
15.6

229.0
32.1
79.8
16.1

233.5
32.7
81.4
16.2

238.7
33.3
83.0
16.5

244.5
34.5
84.7
16.8

249.8
34.8
87.0
17.1

255.2
35.2
89.0
17.7

260.2
35.8
90.9
17.9

do__'__

116.6

126.5

139.8

110.7

118.6

123.0

119.8

127.3

126.5

132. 6

136.0

139.3

143.8

140.2

133.2

133.8

108.4
83.3
28.0
55.3
25.1
24.5
8.2
7.5

118.9
88.7
29.6
59.1
30.3
29.7
7.6
7.5

131.4
99.3
33.8
65.5
32.0
31.5
8.5
8.0

106.2
82.9
27.3
55.6
23.3
22.7
4.5
4.0

109.9
83.3
27.9
55.4
26.6
26.0
8.7
7.8

113.0
84.1
28.0
56.2
28.8
28.3
10.0
8.5

117.2
88.3
29.8
58.5
28.8
28.3
2.6
2.5

117.0
86.4
28.9
57.5
30.6
30.1
10.4
10.3

118.3
88.3
29.4
59.0
29.9
29.4
8.2
8.1

123.3
91.6
30.3
61.3
31.7
31.1
9.3
9.3

128.7
95.7
32.6
63.1
33.0
32.4
7.4
7.3

131.4
97.5
32.3
65.2
33.9
33.3
7.9
7.6

132.4
101.5
35.2
66.3
31.0
30.4
11.3
10.8

133.0
102.6
35.1
67.5
30.4
29.8
7.2
6.5

131.6
102.6
35.7
66.9
29.1
28.4
1.6
.9

131.2
102. 7
35.0
67.8
28. 5
27. 9
2. 6
2. 1

5.2
46.2
41.0

2.5
50.6
48.1

1.9
55.5
53.6

5.8
46.0
40.1

5.6
46.3
40.7

4.0
46.8
42.8

1.8
47.7
45.9

3.4
50.7
47.3

3.4
53.2
49.8

1.4
50.9
49.5

1.3
47.8
46.5

1.3
57.2
55.9

2.6
58.3
55.6

2.6
58.8
56.2

3.5
61.1
57.6

3.8
62.5
58.7

180.1
90.7
72.4
89.4

200.2
99.5
78.0
100.7

212.2
101.3
78.8
110.8

178.4
90.1
71.8
88.2

181.3
91.4
73.0
89.9

186.5
93.6
74.7
92.9

193.7
96.4
76.3
97.2

198.3
98.9
77.8
99.4

202.1
100.7
78.6
101.4

206.7
101.9
79.2
104.7

208.5
100.9
78.6
107.5

209.9
99.8
77.9
110.1

214.1
102.5
79.8
111.6

216.3
102.1
78.8
114.2

219.6
102.3
79.3
117.4

218.3
99.6
77.1
118.7

' 957. 9
465.5
185.5
280.0
400.1
92.3

967.5

Fixed investment
do
Nonresidential
do
Structures
do
Producers' durable equipment
do
Residential structures
__do
Nonfarm
do
Change in business inventories
. ..
do
Nonfarm
do
Net exports of goods and services
Exports
Imports

'834 9 '858 1 '875 8 '891 4 '907 6 '923 7 ' 942. 6 ' 951. 7 ' 959. 5

492.1

do
do
_ do
do. _

Nondurable goods, total 9
Clothing and shoes
Food and beverages
_ __ _ _ _
Gasoline and oil
Services total 9
Household operation
Housing
Transportation

' 793 9 '865 0 ' 931 4 ' 784 5 '800 9 '815 9

do
do
do
do

Personal consumption expenditures, total

-

do. __
do
do

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

do
do
do
do
do
do

Change in business inventories
Durable goods
Nondurable goods

_ _ do
do
do

' 785. 7 ' 857. 4 ' 922. 9 ' 780. 0 ' 792. 2 ' 805. 9 ' 832. 3 ' 847. 8 ' 867. 6 ' 882. 1 ' 900. 2 ' 915. 9 ' 931. 2 ' 944. 5
390.7 422.9 451.6 392.1 393.1 395.0 411. 6 417.8 429.0
461.7
433.3 440.9
448.8 454.9
187.4
170.4
156.5
158.2
157.6
165.2
182.7
184.8
183.9
173.1
175.3
180.5
158.5
168.0
234.2
252.5 267.7 234.0
270.1 274.3
235.5
260.4
266.1
236.5
246.4
255.9
258.0
249.8
316.5
347.1
328.4
377.6 311.9
319.7
364.8 372.3 383.0 390.3
334.7 343.1 352.2 358.4
78.6
87.4
79.4
93.3
92.5
94.8
93.8
75.9
82.5
86.0
86.3
94.5
86.8
90.5

'8.2
4.7
3.5

'7.6
5.7
2.0

'8.5
6.4
2.1

'4.5
2.1
2.4

'8.7
5.6
3.1

'10.0
6.1
3.9

'2.6
2.5
.1

'10.4
7. 1
3.2

'8.2
58
2.4

'9.3
7.2
2.1

'7.4
5.6
1.8

' 7.9
6.7
1.2

'11.3
7.9
3.5

'7.2
5.3
1.9

'1.6
-.3
1.9

2.6

GNP in constant (1958) dollars
bil. $__ ' 675. 2 ' 707. 2 ' 727. 1 ' 671. 6 ' 678. 9 '683.6 ' 693. 5 ' 705. 4 ' 712. 6 ' 717. 5 ' 722. 1 ' 726. 1 ' 730. 9 ' 729. 2 ' 723. 8

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

do

430.1

452.3

467.7

430.3

431.6

434.3

445.0

448.4

457.7

458.1

463.3

467.1

468.7

471.7

474.0

__do_ _
do
do

72.9
190.2
167.0

81.4
196.5
174.4

84.9
201.2
181.6

74.0
190.4
165.9

73.3
190.0
168.3

74.0
190.3
169.9

78.1
195.5
171.3

80.2
194.9
173.2

83.9
197.9
175.9

83.2
197.6
177.4

84.9
199.7
178.7

85.7
200.9
180.5

84.1
201.9
182.7

84.9
202.4
184.4

82.7
205.6
185.8

84.7
206.0
186.7

do

101.2

105.7

111.3

96.7

102.4

105.1

101.3

107.1

105.1

109.5

109.7

111.5

114.1

110.0

102.9

103.0

do
do
do
do.

93.5
73.2
20.4
7.7

98.8
75.5
23.3
6.9

104.1
80.8
23.3
7.2

92.5
73.3
19.2
4.3

94.2
72.9
21.3
8.3

95 9
72.9
23.0
9.2

98 9
76.1
22.9
2.4

97 6
73.8
23.8
9.5

97 7
74.9
22.8
7.4

101 0
77. 1
23.9
8.5

103 6
79.3
24.3
6.1

104 8
80.2
24.7
6.6

104 2
81.9
22.3
9.9

103.9
82.1
21.8
6.1

101.5
80.9
20.7
1.3

100.5
80.5
20.0
2.5

3.6

.9

.2

4.3

4.2

2.1

.8

1.5

1.5

-.2

—.4

-.3

.8

.9

1.9

. do

140.2
148.3
147.8
140.2
140.7
Govt. purchases of goods and services, total. _do
Federal
do_
74.7
78.7
75.4
75.7
74.9
69.6
72.1
State and local
do_ ._
65.5
65.3
65.3
' Revised.
v Preliminary.
fRevised series. Estimates of national income and
product and personal income have been revised back to 1967 (see p. 17 ff. of this issue of the




724.3
477.5

147.3
142. 2
146.4
148.3
150.0
149.5
147.9
148.5
75.2
75.5
78.9
79.4
79.1
78.0
75.8
77.5
69.4
69.4
72.1
72.1
66.7
68.9
70.6
71.5
SURVEY); revisions prior to May 1969 for personal income appear
of the SURVEY.
9 Includes data not shown separately.

145.0
146.6
71.1
73.8
73.8
72.9
on p. 26 ff. of this

s-1

2.1

141.7
68.1
73.6

issue

July 1970

SURVEY OF CUERENT BUSINESS

S-2
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS

1967

196S

Annual total

III

IV

I

II

1970

1969

1968

1967

1969

III

IV

I

III

II

IV

II »

I

III

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income totalt
bil $
r 653. 6

' 712. 7 ' 769. 5 ' 658. 3 ' 671. 6 r 687. 2

r 706. 1

' 722. 2 r 735. 2 r 749. 3 '764.0

r 779. 5 r 785. 2

r 791.

5

Compensation of employees total

do

467.2

514.1

564.2

470.9

481.8

495.3

507.6

520.9

532.5

544.9

557.5

572.2

582.1

592.2

596.3

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

do___
do
do
do
do
do
do
do
do

423.1
337.3
16.2
69.5
44.2
62.1
47.3
14.8
21.1

464.8
369.1
17.9
77.8
49.3
64.1
49.1
15.0
21.3

509.0
404.9
19.0
85.1
55.1
66.8
50.5
16.4
22.0

426.4
340.1
16.1
70.3
44.5
62.9
47.9
14.9
21.3

436.2
346.5
17.0
72.7
45.6
62.9
47.7
15.2
21.3

447.9
356.0
17.3
74.7
47.4
62.9
48.5
14.4
21.3

458.9
364.7
17.6
76.6
48.7
63.8
49.2
14.6
21.3

471.0
373.4
18.6
79.0
49.9
64.4
49.2
15.3
21.3

481.4
382.5
18.2
80.7
51.1
65.2
49.4
15.8
21.3

491.6
391.5
18.1
81.9
53.3
66.0
49.9
16.2
21.6

502.9
401.2
18.4
83.4
54.6
66.7
50.5
16.2
22.0

516.4
409.9
19.9
86.6
55.8
67.5
50.9
16.6
22.1

525.3
417.2
19.6
88.5
56.8
67.2
50.6
16.6
22.3

534.4
422.6
a20. 1
a91. 7
57.9
67.6
50.6
17.0
22.5

537.3
424.2
19.6
93.5
59.0
67.8
51.2
16.5
22.6

78.7

85.4

85.8

78.4

80.0

81.3

86.0

87.4

87.1

87.1

87.4

86.8

82.0

76.7

10.0
68.7
38.7
18.0
20.7

11.0
74.4
42.4
19.1
23.3

12.0
73.8
41.8
19.3
22.4

9.9
68.6
38.1
17.9
20.2

10.2
69.8
38.7
18.1
20.6

10.6
70.6
40.1
18.6
21.5

10.8
75.2
42.8
18.9
23.9

11.5
75.9
42.9
19.4
23.6

11.2
75.9
43.7
19.2
24.4

11.5
75.5
43.4
19.4
24.0

11.9
75.4
42.9
19.9
23.0

12.2
74.6
41.8
19.1
22.7

12.2
69.8
39.1
19.0
20.0

12.0
64.7
35.2
18.3
16.9

10.8
19.1

11.0
21.0

10.7
21.4

10.8
19.6

10.7
20.3

11.1
19.5

11.0
21.3

11.2
21.8

10.7
21.5

11.0
21.2

10.8
21.8

10.6
22.2

10.3
20.4

9.1
20.4

79.8
33.2
46.6
21.4
25.3
-1.1
24.4

88.7
40.6
48.2
23.3
24.9
-3.3
27.8

91.2
42.7
48.5
24.7
23.9
-5.4
30.7

78.8
32.6
46.2
21.9
24.3
-.4
24.8

83.3
34.5
48.9
21.0
27.8
-3.3
25.6

86.7
39.8
46.9
22.3
24.7
-5.4
26.4

88.6
40.4
48.3
23.1
25.2
-2.6
27.3

88.4
40.4
48.0
23.8
24.2
-.9
28.2

91.3
41.7
49.6
24.1
25.5
-4.2
29.1

93.0
43.5
49.5
24.1
25.5
-5.9
29.7

93.4
43.8
49.7
24.4
25.2
-6.0
30.4

89.9
42.1
47.9
25.0
22.9
-3.2
31.0

88.5
41.4
47.1
25.2
21.9
-6.5
31.7

82.6
38.0
44.6
25.2
19.4
-5.8
32.4

-4.4
33.1

' 712. 5 ' 725. 8 ' 741. 1 ' 758. 1 ' 770. 5 " 782. 3
117.0
119.9
118.1
117.6
106.5
113.8
665.3
640.6
650.6
623.0
606.0
612.0
620.5
609.6
566.4
598.7
589.7
577.7
44.8
42.0
41.1
33.3
39.6
34.3

801.5
117.5
684.0
631.9
52.1

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

do
do .

Dividends
Undistributed profits
Inventory valuation adjustment

do
do
do

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_ _
Less: Personal outlays©
do
Equals: Personal saving§
do .
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals :t
All industries.. ..
bil. $
Manufacturing
_
.
do
Durable goods industries 1
do
Nondurable goods industries f _ . _ _
do
Nonmanufacturing
. . .
Mining
._
Railroad
.
Air transportation
Other transportation
Public utilities
Electric... __ _
Gas and other
....
Communication
Commercial and other
.
Seas. adj. qtrly. totals at annual rates:t
All industries
Manufacturing
_
Durable goods industries f
Nondurable goods industries J
Nonmanufacturing .
Mining
..
Railroad
Air transportation
Other transportation
Public utilities.
Electric
Gas and other
Communication
Commercial and other

' 688. 7 ' 748. 9 ' 634. 7 ' 646. 3 ' 664. 0 '680.9 ' 697. 6
102.1
92.6
89.1
97.5
84.0
117.3
86.3
588.4
595.6
591.2
574.9
550.7
631.6
559.9
543.8 559.1
534.1
550.8
509.4
593.9
516.6
44.6
36.5
40.4
41.3
40.8
37.6
43.3

65.47
28.51
14.06
14.45

67.76
28.37
14.12
14.25

75.56
31.68
15.96
15.72

16.20
6.88
3.40
3.48

18.12
7.77
3.96
3.81

15.10
6.15
3.06
3.09

16.85
6.99
3.36
3.63

16.79
7.13
3.54
3.59

19.03
8.10
4.16
3.94

16.04
6.58
3.36
3.22

18.81
7.82
3.98
3.84

19.25
8.16
4.03
4.12

21.46
9.12
4.59
4.53

17.47
7.14
3.59
3.56

i 20. 46
8.27
4.17
4.09

120.62
8.26
4.15
4.11

36.96
1.65
1.86
2.29
1.48
8.74
6.75
2.00
6.34
14.59

39.40
1.63
1.45
2.56
1.59
10.20
7.66
2.54
6.83
15.14

43.88
1.86
1.86
2.51
1.68
11.61
8.94
2.67
8.30
16.05

9.32
.44
.41
.56
.41
2.35
1.71
.64
1.57
3.59

10.35
.47
.50
.64
.38
2.59
2.08
.51
1.73
4.04

8.95
.42
.39
.68
.30
2.07
1.69
.38
1.59
3.50

9.86
.43
.37
.58
.42
2.62
1.94
.68
1.62
3.81

9.66
.39
.31
.64
.41
2.61
1.87
.74
1.61
3.69

10.93
.40
.38
.66
.47
2.90
2.16
.74
2.00
4.13

9.45
.42
.38
.68
.38
2.36
1.88
.48
1.81
3.41

10.99
.48
.44
.66
.46
2.99
2.22
.77
2.00
3.97

11.10
.47
.49
.53
.40
3.03
2.23
.80
2.11
4.07

12.34
.49
.55
.64
.44
3.23
2.61
.62
2.39
4.60

10.32
.45
.42
.73
.28
2.54
2.15
.39
2.14
3.76

12.19
.46
.50
.86
.38
3.48
2.84
.64

12.36
.48
.53
.78
.35
3.81
2.92
.88

> 6. 52

36.42

do
do
do
do

65.48
27.85
13.92
13.93

65.66
27.51
13.71
13.80

68.09
28.02
14.11
13.91

66.29
27.84
13.51
14.33

67.77
28.86
14.47
14.40

69.05
28.70
14.39
14.31

72.52
29.99
15.47
14.52

73.94
31.16
15.98
15.18

77.84
33.05
16.53
16.52

77.84
32.39
15.88
16.50

78.22 i 80. 66
32.88
32.44
16.69
16.40
16.18
16.05

i 83. 28
33.25
16.89
16.36

do
do
do
do
do
do
do
do
do
do

37.62
1.76
1.72
2.35
1.66
8.86
6.86
1.99
6.49
14.80

38.15
1.78
1.82
2.79
1.41
9.46
7.47
1.99
6.37
14.54

40.07
1.80
1.68
2.88
1.43
10.08
7.76
2.32
6.83
15.37

38.45
1.66
1.49
1.98
1.49
10.24
7.64
2.60
6.42
15.17

38.91
1.57
1.29
2.69
1.65
9.82
7.50
2.32
6.67
15.22

40.35
1.52
1.34
2.87
1.75
10.63
7.74
2.89
7.34
14.91

42.53
1.83
1.68
2.89
1.87
11.52
8.62
2.90
7.74
15.00

42.78
1.88
1.76
2.22
1.66
11.68
8.71
2.97
7.92
15.67

44.80
1.89
2.06
2.23
1.65
11.48
8.98
2.50
8.71
16.78

45.46
1.85
1.94
2.80
1.63
11.80
9.36
2.44
8.76
16.67

45.78
1.92
1.74
2.94
1.37
12.14
9.77
2.37
9.14
16.52

47.78
1.80
1.97
3.09
1.37
13.48
11.11
2.37

50.02
1.90
2.22
3.38
1.44
14.68
11.86
2.82

12,685
8,386
344
1,990
1,965

13,295
8,878
393
2,000
2,024

12,714
8,378
357
1,935
2,044

11, 948
7,472
391
2,089
1,996

14,291
9,585
313
2,150
2,243

14, 565
9,581
458
2,286
2,240

-12, 444 -12, 374 -11, 618
-7,576
-8,569
-1,147 -1, 173 -1,198
-905
-762
-761
-1,967 -1,996 -1,939

-13, 978
-9,606
-1,187
-1,071
-2, 114

-13, 909
-9,263
-1,220
-1,240
-2, 186

do
do
do
do
do
do
do
do
do
do

U.S. BALANCE OF INTERNATIONAL
PAYMENTScf
Quarterly Data Are Seasonally Adjusted
(Credits -f; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil. $__
Transfers under military s^les contracts
Income on U.S. investments abroad
Other services

f 629. 3
83.0
546.3
506.0
40.4

do
do..
do

46,204
30, 681
1,239
6,872
7,412

50, 626
33, 588
1,396
7,690
7,952

55, 516
36, 473
1,514
8,839
8,690

11, 565
7,669
240
1,786
1,870

11, 694 11, 932
7,601
7,946
341
302
1,765
1,888
1,864 ' 1, 919

-40. 991 -48, 127 -53,566 -10,168 -10,703
Imports of goods and services
do
-26, 821 -32, 964 -35,835 -6, 542 -7, 154
Merchandise, adjusted, excl. military
do
Military expenditures. _
do
-4,378 -4, 535 -4,850 -1,106 -1,112
-607
-580
-2, 362 -2, 932 -4,463
Income on foreign investments in the U.S__do
-7,430 -7, 696 -8, 418 -1,940 -1,830
Other services
do
Unilateral transfers, net (excl. military grants);
-643
-821
-2,970 -2, 829 -2, 835
transfers to foreigners ( )
mil $
r
ted
Revised.
* Preliminary.
1 Estimates (correc for sys tematic b ases) for Apr.-Ju ne
1970 and July-Sept. 1970 based on expected capital <ixpenditu res of bus iness. EJ pected e xsine Ludes coinpenditures for the year 1970 appear on p. 18 of the June 1970 SURVEY.
munication.
fSee corresponding note on p. S- 1.
9ln eludes in yentory valuati(m
adjustment.
JRevised series; explanation of revi 5ions and annual £ind quai•terly da ta
back to 1947 appear on pp. 25 ff. of the Jan. 1970 SURTEY; see al so pp. 19 ff. of th(5 Feb. 1970
Digitized forSURVEY.
FRASER ©Personal outlays comprise personal consumption expenditures, in terest pelid



25.1

-11,477
-7,820
-1,103
-677
-1,877

-11,832
-8,132
-1,112
-732
-1,856

2 26. 06 2 26. 40

14,712 Pl5, 276
9,835 plO, 200
352
p 284
2,314 P2, 489
2,211 *2, 303
-14,061
-9,390
-1,245
-1,247
-2, 179

-14,391
-9,685
-1,205
-1,329
-2, 172

p-707
-721
-690
-812
-612
-768
-757
-629
-675
§ Personal saving is excess
by co nsumers , and personal tra nsfer pa jments t o foreign ers.
ver persemal outl ays.
of dis posable ncome o
HD ata for iridividua durable and noriidurable goods inc Lustries c omponeiits appear in the
cflMore coniplete de tails are given in
Mar. June, Sept., anc Dec. iss ues of ttle SURVE Y.
the q uarterly reviews n the Miir., June Sept., a nd Dec. issues of the SURTfEY.
c
T
Corrected.
sral pers<mnel.
°In eludes tlle retroa stive pa> increasej for Fed

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