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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) 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 _ Net exports of goods and services. . .. ... Exports Imports Government purchases of goods and services Federal National defense Other State and local . 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 8 724 3 535.8 577.5 561.8 573.3 582.1 592.6 603.1 614.2 452.3 467.7 463.3 467 1 468 7 471 7 474 o 477 5 84.0 230.2 221.6 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 7 126.5 139.8 136.0 139.3 143.8 140.2 133.2 133.8 105.7 111.3 109.7 111.5 114.1 110.0 102.9 103 0 118.9 131.4 128.7 131.4 132.4 133.0 131.6 131.2 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 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 2.5 1.9 1.3 1.3 2.6 2.6 3.5 3.8 .9 .2 -.4 -.3 .8 .9 1.9 2.1 50.6 48.1 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 21.5 100.7 101.3 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 Federal National defense Other. 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 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 Nondurable goods Personal consumption expenditures Government purchases Net exports Change in business inventories 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 . . . Structures ... Private structures Government structures 1969 289.1 188.6 99.1 1.4 316.5 204.0 111.2 1.4 347.1 221.6 123.6 1.9 377.6 241.6 134.7 1.3 77.5 53.5 24.0 78.6 53.1 25.5 87.4 59.9 27.5 93.8 65.9 27 9 Gross national product Structures Private structures Government structures - -. . ... . ... .. -- -- - 1966 1967 1968 658 1 675 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 2.0 249.1 167.0 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 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. $ Personal consumption expenditures, total Durable goods total 9- - -- - -Automobiles and parts Furniture and household equipment Services total 9 Household operation Housing Transportation - - Gross private domestic investment, total - 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 do do do do 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 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 970. 1 577.5 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. 5 535.8 do _ do do. _ Nondurable goods, total 9 Clothing and shoes Food and beverages _ __ _ _ _ Gasoline and oil - ' 793 9 '865 0 ' 931 4 ' 784 5 '800 9 '815 9 492.1 do _ _ 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 Revised. * Preliminary. 1 Estimates (corrected 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. mal outl ays. ver perse 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. SURTfEY. June Sept., a nd Dec. issues of the the q uarterly reviews n the Miir., c T Corrected. mnel. sral pers< °In eludes tlle retroa stive pa> increasej for Fed
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