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SURVEY OF CURRENT BUSINESS July 1975 11 NATIONAL INCOME AND PRODUCT TABLES 1974 1973 1974 I II 1975 III IV 1974 HP I 1973 1974 I II Seasonally adjusted at annual rates 1975 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) 1 294.9 1, 397. 4 1, 358. 8 1, 383. 8 1 416.3 1, 430. 9 1,416.6 1, 433. 4 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 839.2 821.2 830 5 827 1 823 1 804.0 780 0 779.4 805.2 876.7 840.6 869 1 901 3 895.8 913 2 938.1 552 1 539 5 539 7 542 7 547 2 528 2 531 5 539 6 130.3 338.0 336.9 127.5 380.2 369.0 123.9 364.4 352.4 129.5 375.8 363.8 136.1 389.0 376.2 120.7 391.7 383.5 124.9 398.8 389.5 130.0 408.5 399.6 113.6 228.6 209.9 103.1 223.7 212.6 105.2 223 9 210.6 106.8 223 6 212 2 107.8 225 8 213.7 92.8 221.4 214.1 95.2 222.5 213.7 97.5 225.9 216.2 209.4 209.4 210.5 211.8 205.8 209.4 163.1 147.3 138.1 126.7 133.3 130 3 122.7 120.5 89.3 79.6 194.0 195.2 193.6 198 3 197.1 191.6 182.2 181.0 127.3 118.0 122 7 122 2 117.7 109.6 101.0 98.4 136.8 47.0 89.8 57.2 56.7 .5 149.2 52.0 97.1 46.0 45.2 .7 145.2 51.3 93 9 48.4 47.8 .7 149 4 52.2 97 2 48.8 48.0 8 150.9 51.0 99.9 46.2 45.4 .8 151.2 53.7 97.5 40.4 39.7 .7 146.9 52.8 94.2 35.3 34.8 .5 144.6 50.2 94.4 36.4 35.7 .8 94 4 25.4 69 0 32.9 32.6 .3 94.0 26.2 67.8 24.0 23.6 .4 96 3 26.7 69 7 26.4 26.0 .4 96 5 26.6 69 9 25 7 25.3 4 94.1 25.4 68 7 23.6 23.1 .4 89.2 26.1 63.1 20.4 20.1 .4 83.8 25.2 58.6 17.3 17.0 .2 81.0 23.7 57 2 17.4 17.1 .4 15.4 11.4 4.0 14.2 11.9 2.3 16.9 13.1 3.8 13 5 10.4 3.1 8.7 6.6 2.1 17.8 17.5 .3 —19.2 -17.8 -1.4 -33.7 -33.4 -.3 10.8 8.9 1.8 8.7 7.4 1.2 10 6 8.7 1.8 82 6 4 1.8 5.0 3.9 1.1 10.9 10.7 .2 —11.7 —10.9 —.8 —18 8 —18.6 -.2 3.9 2.1 11.3 -1.5 -3.1 1.9 8.8 9.2 4.6 9.0 11.5 8.2 7.3 9.1 11.6 10.9 100.4 96.4 140.2 138.1 131.2 119.9 138.5 140.0 143.6 146.7 147.5 145.7 142.2 133.4 130.9 121.7 66.6 62.0 71.9 62.9 73.3 61.8 73.4 65.1 70.9 63.6 69.9 60.9 66.5 54.9 61.7 50.7 276.4 309.2 296.3 304.4 312.3 323.8 331.6 338.8 144.4 146.0 146.0 145.8 145.9 146.3 147.7 149.3 106.6 74.4 32.2 169.8 116.9 78.7 38.2 192.3 111.5 75.8 35 7 184.8 114 3 76.6 37 7 190 1 117.2 78.4 38.8 195.1 124.5 84.0 40.6 199.3 126.5 84.7 41 8 205.1 128.6 85.4 43.2 210.2 57.3 56.5 56.3 56.3 56.5 57.0 57.4 58.5 87.0 89.5 89.7 89.5 89.4 89.3 90.2 90.9 Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5) 839 2 821.2 830.5 827.1 823.1 804.0 780.0 779.4 1 279.6 1 383 2 1 341 9 1 370 3 1 407 6 1 413 1 1 435 8 1 467 1 828 4 14.2 15.4 8.7 16.9 17.8 —19.2 -33.7 10.8 13 5 812.5 8.7 819 9 10.6 818 9 8.2 818.1 5.0 793.1 10.9 791.8 -11.7 798.2 -18.8 1,294.9 1, 397. 4 1,358 8 1 383 8 1,416.3 1, 430. 9 1 416.6 1,433.4 Gross national product Final sales Change in business inventories. 622.7 670.3 651.9 664 9 681.7 682.6 667 0 671.3 459.1 442.8 449.1 448 9 446.0 427.1 408.3 406.7 Final sales Change in business inventories 607.3 15.4 656.1 14.2 635 0 16.9 651 3 13 5 673 0 8.7 664.8 17.8 686 1 —19.2 705.0 -33.7 448.3 10.8 434.1 8.7 438.5 10.6 440 8 8.2 441.0 5.0 416.3 10.9 420.1 -11.7 425.5 -18.8 Durable goods Final sales Change in business inventories 250.3 240 9 9.4 256.9 249.2 7.7 251.0 242 3 87 246.6 248 5 —1 8 265.5 259 8 5.7 264.5 246.2 18.3 239 5 252 9 —13 4 246.2 259 4 —13 2 206.0 198 5 7.5 195.9 191.0 4.9 200.2 194 3 5.8 195.4 196 6 —1.2 200.2 196.6 3.6 188.0 176.7 11.3 167.5 176 1 -8.6 169.5 176.9 -7.3 Nondurable goods Final sales Change in business inventories 372.4 366 5 6.0 413.4 406.9 6.5 401 0 392 g 82 418 2 402 9 15 4 416.2 413 2 3.0 418.1 418.6 —.5 427 5 433 2 —5 7 425 0 445 6 —20 5 253 1 249 9 33 246.9 243.1 3.8 248.9 244 2 4 7 253 6 244 2 94 245.8 244 4 1.4 239.2 239.6 -.4 240.8 244 0 —3.2 237.2 248.6 —11.4 Services. 534 4 590.3 569 7 579 2 597 8 614 5 620 9 635 6 304 5 310.9 310 7 308 3 310.7 313.7 312 2 315.1 Structures 137 8 136 8 137 1 139 7 136 7 133 9 128 8 126 5 75 5 67 5 70 7 69 8 66.4 63.2 59 5 57.6 779.4 Goods output Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8) Gross national product.. Gross domestic product Business Nonfarm. Farm Households and institutions. General governmentFederal State and local Rest of the world Addendum: Gross private product. 1,294.9 1,397.4 1,358.8 383.8 416.6 1,433.4 839.2 821.2 830.5 827.1 823.1 804.0 780.0 1,286.5 1,385.6 1,344.0 374.1 1,405.2 ,418.9 409.4 1,426.8 833.9 816.9 823.5 824.1 819.8 800.0 777.7 777.3 1,096.8 1,177.8 1,143.1 1,040.3 1,124.1 1,082. 6 56.5 60.5 53.8 168.8 1,195.7 117.8 1,144. 4 51.3 51.1 ,203.6 ,151.5 52.1 189.2 1,201.9 142. 9 1,154.0 47.9 46.3 753.1 725.8 27.4 733.8 706.3 27.5 740.9 713.9 27.0 741.4 712.7 28.7 736.6 708.0 28.6 716.5 690.8 25.7 693.5 666.0 27.5 692.6 666.2 26.4 1,416.31,430.9 41.3 47.0 44.6 46.5 48.0 48.8 50.0 51.2 18.5 18.9 19.1 18.8 18.9 18.8 18.9 19.1 148.5 52.8 95.7 160.8 55.7 105.1 156.3 54.8 101.5 158.8 55.0 103.9 161.6 55.3 106.3 166.5 57.9 108.7 170.2 58.1 112.2 173.7 58.2 115.6 62.3 21.3 41.0 64.1 21.1 43.0 63.5 21.1 42.3 63.9 21.1 42.8 64.2 21.0 43.2 64.8 21.0 43.7 65.2 21.0 44.3 65.5 20.9 44.7 8.4 11.9 14.7 9.7 11.1 12.0 7.2 6.6 5.2 4.3 7.0 3.0 3.3 4.0 2.3 2.1 ,225.0 1,254.7 ,264.4 ,246.4 1,259.7 776.9 757.1 767.0 763.2 758.8 739.2 714.8 713.9 i, 146.5 1,236.6 1,202.5 Preliminary. POSTPONEMENT OF JULY REVISION OF GNP A benchmark revision of the national income and product accounts that will incorporate the 1963 and 1967 economic censuses and information from other sources is in preparation. All entries in the accounts will be revised back to 1958 and some will be revised for earlier years. The current schedule calls for completing the benchmark revision in October oj this year. The revision of 1972 to 1975 that would customarily be published this July will be postponed and combined with the benchmark revision. CURRENT BUSINESS STATISTICS J.HE STATISTICS here update series published in the 1973 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY OF CURRENT BUSINESS. That volume (available from the Superintendent of Documents for $5.15) provides a description of each series, references to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1969 through 1972 (1962-72 for major quarterly series), annually, 1947-72; for selected series, monthly or quarterly, 1947-72 (where available). Series added or significantly revised after the 1973 BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1972 issued too late for inclusion in the 1973 volume appear in the monthly SURVEY beginning with the August 1973 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 1973 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. 1972 Unless otherwise stated in footnotes below, data through 1972 and descriptive notes areas shown in the 1973 edition of BUSINESS STATISTICS 1973 1974 1972 II III IV Annual total I II 1975 1974 1973 III IV I II III IV I ) I!*- Seasonally adjusted quarterly totals at annual rates GENERAL BUSINESS INDICATORS—Quarterly Series NATIONAL INCOME AND PRODUCTf 1,158.0 1,294.9 1, 397. 4 1,143.0 1,169.3 1,204.7 1,248.9 1,277.9 1,308.9 1,344.0 729.0 805.2 876.7 720.6 736.8 757.2 781.7 799.0 816.3 823.9 118.4 53.1 48.7 130.3 57.5 55.0 127.5 49.7 58.8 116.2 51.5 47.9 121.2 55.3 49.3 124.3 56.4 50.7 132.4 60.4 54.3 132.1 59.2 54.9 132.4 59.3 55.5 299.7 63.0 143.7 25.0 338.0 70.2 165.1 28.3 380.2 74.1 187.7 35.9 297.4 62.5 142.4 24.5 302.0 63.7 144.7 25.1 310.9 66.0 148.5 25.8 323.3 69.1 155.9 26.8 332.7 70.1 160.9 28.0 310.9 43.3 107.9 21.8 336.9 47.3 116.4 23.4 369.0 52.9 126. 4 26.1 307.0 42.6 106.9 21.6 313.6 43.9 108.9 21.9 322.0 45.5 110.7 22.3 325.9 45.6 113.1 22.8 179.3 209.4 209.4 175.5 182.1 190.2 170.8 116.8 41.1 75.7 54.0 53.4 8.5 7.8 194.0 136.8 47.0 89.8 57.2 56.7 15.4 11.4 195.2 149.2 52.0 97.1 46.0 45.2 14.2 11.9 167.6 114.7 41.0 73.7 52.9 52.3 8.0 7.0 171.9 117.5 40.6 76.8 54.5 53.9 10.2 9.6 179.2 122.5 42.2 80.3 56.7 56.2 11.0 10.4 do... do .. do -6.0 72.4 78.4 3.9 100.4 96.4 2.1 140.2 138.1 -6.9 68.8 75.7 -4.8 73.3 78.1 Govt. purchases of goods and services, total -do Federal do . National defense do State and local do 255.7 104.9 74.8 150.8 276.4 106.6 74.4 169.8 309.2 116.9 78.7 192.3 253.8 105.9 75.9 147.9 1,149.5 535. 2 214.3 321.0 488.1 126.1 1,279.6 607.3 240.9 366.5 534.4 137.8 1, 383. 2 656.1 249.2 406.9 590.3 136.8 8.5 7.1 1.4 15.4 9.4 6.0 792.5 839.2 Gross national product, total f bil.$ Personal consumption expenditures, total., do Durable goods, total? Automobiles and parts Furniture and household equipment Nondurable goods total 9 Clothing and shoes __ Food and beverages Gasoline and oil _ _ .do . do do do ..do do do Services, total? Household operation Housing Transportation do do do do . Gross private domestic investment, total.. .do Fixed investment Nonresidential ..... Structures .. .. Producers' durable equipment Residential structures Nonfarm Change in business inventories Nonfarm Net exports of goods and services Exports Imports By major type of product:! Final sales total Goods total Durable goods Nondurable goods Services Structures . do .do do do do ...do do do do do do do do... do Change in business inventories Durable goods Nondurable goods do do do _ 1,430.9 1,416.6 1, 433. 4 1,358.8 1,383.8 1,416.3 840.6 869.1 901.3 895.8 913.2 938. 1 124.3 51.2 55.4 123.9 48.0 57.5 129.5 50.6 59.5 136.1 56.2 60.4 120.7 43.7 57.8 124.9 46.8 57.9 130.0 49.0 60.6 343.8 70.6 169.1 28.7 352.1 70.9 174.5 29.8 364. 4 72.8 180.1 31.5 375.8 74.4 183.5 36.8 389.0 75.7 191.3 37.9 391.7 73.7 196.0 37.5 398.8 76.2 201.4 37.8 408.5 78.6 203.6 39.2 334.2 46.6 115.6 23.1 340.1 48.3 117.0 23.6 347.4 48.7 119.7 24.1 352.4 49.2 122.2 25.0 363.8 51.7 124.9 25.6 376.2 54.6 127.7 26.5 383.5 56.0 130.9 2/ . 1 389.5 57.0 134.1 28.1 399. 6 59.8 136. 5 28.8 199.0 205.1 209.0 224.5 210.5 211.8 205.8 209.4 163.1 147.3 189.0 130.5 44.6 85.9 58.5 58.0 10.0 6.5 194.4 135.6 46.2 89.4 58.7 58.4 10.7 7.7 197.1 139.0 47.9 91.1 58.1 57.6 11.8 7.4 195.5 141.9 49.3 92.6 53.6 53.0 28.9 24.0 193.6 145. 2 51.3 93.9 48.4 47.8 16.9 13.1 198.3 149.4 52.2 97.2 48.8 48.0 13.5 10.4 197.1 150. 9 51.0 99.9 46.2 45.4 8.7 6.6 191.6 151. 2 53.7 97.5 40.4 39.7 17.8 17.5 182.2 146.9 52.8 94.2 35.3 34.8 -19.2 17.8 181. 0 144. 6 50.2 94. 4 36.4 35.7 33.7 33.4 -5.3 78.5 83.8 -.8 88.8 89.5 .5 95.4 94.9 6.7 103.7 96.9 9.3 113.6 104.3 11.3 131.2 119.9 -1.5 138.5 140.0 -3.1 143.6 146.7 1.9 147.5 145.7 8.8 142.2 133.4 9.2 130. 9 121.7 255.1 102.7 72.6 152.4 262.6 105.2 74.7 157.4 269.0 106.4 75.0 162.6 273.3 106.2 74.0 167.1 276.9 105.3 73.3 171.6 286.4 108.4 75.3 177.9 296.3 111.5 75.8 184.8 304.4 114.3 76.6 190.1 312.3 117.2 78.4 195.1 323.8 124. 5 84.0 199. 3 331.6 126.5 84.7 205.1 338.8 128.6 85.4 210.2 1,135.1 529.4 210.6 318.9 481.5 124.1 1,159.1 541.0 218.3 322. 7 492.4 125.6 1,193.7 556.2 223.6 332.6 506.5 130.9 1,297.0 1,315.1 1,341.9 1,370.3 651.3 635.0 618.0 624.7 248.5 242.3 243.9 240.6 402.9 384.1 392.8 374.2 579.2 569.7 553.2 540.2 137.2 137.1 139.7 138.8 1,407.6 673.0 259.8 413.2 597.8 136.7 14.2 7.7 6.5 8.0 5.8 2.2 10.2 6.8 3.4 11.0 13.2 -2.2 10.0 6.1 3.9 10.7 7.7 3.0 11.8 9.0 2.9 28.9 14.8 14.1 16.9 8.7 8.2 13.5 -1.8 15.4 8.7 5.7 3.0 17.8 18.3 c -19.2 -13.4 -5.7 -33.7 -13. 2 —20. 5 821,2 786.6 798.1 814.2 832.8 837.4 840.8 845.7 830.5 827. 1 823.1 804.0 780.0 779.4 528.2 531.5 539. 6 1,238.9 1,267.2 585.8 600.9 237. 8 241.2 347.9 359.7 516.0 528.3 137.1 138.0 1,413.1 1,435. 8 1,467.1 705.0 686.1 664. 8 259. 4 246.2 252.9 445. 6 433.2 418.6 635. 6 614.5 620. 9 126.5 128.8 133. 9 GNP in constant (1958) dollarsf Gross national product, totalf bil.$. 527.3 552.1 539.5 523.2 531.2 542.2 552.9 553.7 555.4 546.3 539.7 542.7 547.2 do do do 104.9 220.2 202.2 113.6 228.6 209.9 103.1 223.7 212.6 103.0 219.8 200.4 106.8 221.3 203.0 110.1 225.4 206.6 117.2 228.7 207.1 115.7 228.3 209.7 114.3 230.0 211.2 107.2 227.4 211.7 105. 2 223.9 210.6 106.8 223.6 212.2 107.8 225.8 213.7 92.8 221.4 214.1 95.2 222. 5 213.7 97. 5 225. 9 216.2 Gross private domestic investment, total. ..do 125.0 138.1 126.7 123.2 126.6 130.9 134.4 136. 3 135.8 145.8 133.3 130.3 122.7 120.5 89.3 79.6 do do do do.. 118.0 83.7 34.3 7.0 127.3 94.4 32.9 10.8 118.0 94.0 24.0 8.7 116.6 82.4 34.2 6.6 118.1 83.8 34.3 8.5 122.0 87.2 34.8 8.8 127.1 92.2 35.0 7.3 128. 4 94.3 34.1 7.8 127.7 95.1 32 6 8.0 125.8 96.0 29.8 20.0 122.7 96.3 26.4 10.6 122.2 96.5 25.7 8.2 117.7 94.1 23.6 5.0 109.6 89.2 20.4 10.9 101.0 83.8 17.3 -11.7 98.4 81.0 17.4 -18.8 do -3.0 4.6 9.0 -3.6 -1.4 -1.9 1.4 3.5 5.8 7.9 11.5 8.2 7.3 9.1 11.6 10.9 Personal consumption expenditures, total, .do Durable goods Nondurable goods Services . Fixed investment Nonresidential Residential structures Change in business inventories Net exports of goods and services Govt. purchases of goods and services, total .do Federal do State and local do 143.1 61.0 82.1 144.4 141.8 146.0 143.8 62.5 59.5 57.3 56.5 82.4 87.0 81.3 89.5 Re ••Revised. v Preliminary. f vised series. I ,stimates Df nation al income, and prod UCt and personal income have been revised back tc 1971 (see p. 1 1 ff. of tlle July 19 74 SURVlSY); revisions prior to May 1973 for personal income appe ar on pp. 22-23 of the July 1 J74 SUR\ EY. 144.1 143.0 59.2 58.9 85.2 83.8 Revi sed data in Ju ly issues 1975 SURVEY. 149. 3 147.7 146.3 145.9 145.8 145.7 146.0 143.7 143.9 58.5 57.4 57.0 56.5 56.4 56.3 56.3 56.2 57.7 90.9 90.2 89.3 89.4 89.5 89.3 87.5 89.7 86.2 for nati onal inco me and product and pers onal inco ne custo narily p ublished of the S URVEY \V ill be po stponed until late r; see box note on p. 11 of t ho July 9 Iricludes d ata not s tiown se Darately. S-l SURVEY OF CURRENT BUSINESS S-2 Unless otherwise stated in footnotes below, data through 1972 and descriptive notes areas shown in the 1973 edition of BUSINESS STATISTICS 1972 | 1973 III Annual total 1973 1972 1974 July 1975 IV I II 1974 III IV I 1»75 II III IV I UP III GENERAL BUSINESS INDICATORS—Quarterly Series—Continued NATIONAL INCOME AND PRODUCT— Con. Quarterly Data Seasonally Adjusted at Annual Rates Implicit price deflators :f Gross national product Index, 1958=100 Personal consumption expenditures do Gross private domestic investment: Fixed investment do Nonresidential _ _- -do Residential structures . _ do... Govt. purchases of goods and services do 146. 12 138.2 154. 31 145.9 170. 18 162.5 146. 50 138.7 147. 96 139.7 149. 95 141.4 152. 61 144.3 155. 67 147.0 158. 93 150.8 163. 61 155.8 167.31 160.2 172. 07 164.7 177.97 169.6 181.62 171.8 183. 90 173.9 144.8 139.6 157.4 178.6 152.4 144.9 174.0 191.5 165.3 158.7 191.4 211.8 145.6 140.2 158.9 179.9 146.9 140.5 162.8 183.6 148.7 141.7 167.1 186.7 151.4 143.9 172.1 189. 9 154.3 146.1 178.1 192.6 155.4 147.9 179.7 196.5 157.8 150.7 183.8 202.9 162.3 154.9 190.0 208.8 167.5 160.4 195.9 214.1 174.9 169.6 197.9 221.4 180.4 175.4 204.3 224.6 183.9 178.6 208.8 226.9 bil. $ 946.5 1,065.6 1,142.5 954.3 987.0 1,027.6 1,051.2 1,077.3 1,106.3 1,118.8 do 707.1 786.0 855.8 712.6 732.9 759.1 776.7 793.3 814.8 828.8 848.3 868.2 877.7 875.6 885.5 do .. do do do do 626.8 491.4 20.5 114.8 80.3 691.6 545.1 20.6 126.0 94.4 750.7 592.4 21.2 137.1 105.1 631.2 495.3 19.9 116.0 81.4 649.6 508.7 21.2 119.7 83.4 667.6 525.0 20.8 121.9 91.5 683.6 538.7 20.3 124.5 93.1 698.2 550.8 20.2 127.2 95.1 717.0 565.8 21.0 130.2 97.7 727.6 573.8 21.0 132.8 101.2 744.6 588.3 20.9 135.4 103.7 761.5 602.5 20.8 138.2 106.7 769.2 605. 1 22.0 142.1 108.6 765.1 597.4 22.0 145.7 110.5 773.1 602.0 21.9 149. 2 112.4 75.9 54.9 21.0 25.9 96.1 57.6 38.5 26.1 93.0 61.2 31.8 26.5 75.8 55.5 20.3 26.8 80.1 56.1 24.0 26.7 89.1 57.0 32.1 26.3 92.8 57.1 35.6 25.7 99.3 57.7 41.5 26.2 103.2 58.4 44.9 26.4 98.4 59.3 39.1 26.4 89.9 60.7 29.1 26.3 92.1 62.3 29.8 26.6 91.6 62.5 29.1 26.8 84.9 62.7 22.2 27.0 86.0 63.3 22.7 27.1 92 2 105.1 105.6 92.9 99.8 103.9 105.0 105.2 106.4 107.7 105.6 105.8 103.4 94.3 17.6 74.5 40.8 19.0 21.8 19.6 85.5 47.6 21.5 26.1 20.8 84.9 47.0 30.0 17.0 17.8 75.1 40.8 19.4 21.4 18.3 81.5 45.1 20.0 25.1 18.7 85.2 48.6 20.9 27.6 19.4 85.6 48.4 21.5 26.9 19.8 85.4 47.1 21.4 25.7 20.4 86.0 46.4 22.1 24.3 20.8 87.0 46.2 26.9 19.3 20.7 84.9 46.8 29.7 17.1 20.7 85.1 48.6 33.3 15.3 20.9 82.5 46.3 30.1 16.2 20.7 73.6 41.1 27.3 13.8 9.2 24.6 9.2 28.7 7.8 30.1 9.5 24.8 9.9 26.6 9.4 27.2 8.8 28.4 9.5 28.8 9.2 30.3 7.1 33.7 8.0 30.1 8.6 28.0 7.5 28.7 6.8 25.7 do do do do do 99.2 41.5 57.7 27.3 30.3 122.7 49.8 72.9 29.6 43.3 140.7 55.7 85.0 32.7 52.4 100.2 41.8 58.4 27.8 30.6 108.2 45.2 63.1 28.2 34.9 120.4 48.9 71.5 28.7 42.8 124.9 50.9 74.0 29.1 44.9 122.7 49.9 72.9 29.8 43.1 122.7 49.5 73.2 30.7 42.5 135.4 52.2 83.2 31.6 51.6 139.0 55.9 83.1 32.5 50.5 157.0 62.7 94.3 33.2 61.1 131.5 52.0 79.5 33.3 46.2 101.2 39.0 62.3 33.8 28.5 do _. do -7.0 45.6 -17.6 52.3 -35. 1 61.6 -7.3 46.2 -8.4 47.5 -16.5 49.2 -20.0 61.1 -17.5 53.2 -16.3 55.5 -27.7 57.5 -33.4 60.1 -51.2 62.8 -28.1 65.9 -7.0 68.9 bil. $. do do do do 944.9 142.4 802.5 749.9 52.6 1,055.0 1,150.5 170.8 151.3 979.7 903.7 829.4 902.7 77.0 74.4 950.3 143.1 807.2 757.9 49.3 985.0 1,013.6 1,039.2 1,068.0 1,099.3 1,112.5 1,134.6 147.2 168.2 147.0 154.2 144.1 159.9 161.9 892.1 939.4 869.5 913.9 838.1 966.5 950.6 822.5 779.2 804.2 840.7 850.1 894.9 866.2 69.6 73.2 58.9 65.3 89.3 71.5 84.4 Unadjusted quarterly or annual totals: All industries.. . . bil. $ Manufacturing _. . do Durable goods industries 1 do Nondurable goods industries ^ do 88.44 31.35 15.64 15.72 99.74 38.01 19.25 18.76 112. 40 46.01 22.62 23.39 21.86 7.74 3.86 3.87 25.20 9.38 4.77 4.61 21.60 7.80 3.92 3.88 24.73 9.16 4.65 4.51 25.04 9.62 4.84 4.78 28.48 11.43 5.84 5.59 24.10 9.49 4.74 4.75 28.16 11.27 5.59 5.69 28.23 11.62 5.65 5.96 31.92 13.63 6.64 6.99 25.82 10.84 5.10 5.74 57.09 61.73 66.39 14.12 15.83 13.69 15.57 16.42 17.05 14.61 16.89 16.61 18.29 14.98 16.76 16.10 .63 .47 .63 .40 .63 .46 .52 .32 .71 .46 .72 .43 .69 .48 .67 .44 .71 .56 .60 .47 .68 .50 .47 .34 .78 .64 .61 .49 .80 .64 .43 .58 .91 .78 .48 .71 .91 .59 .44 .62 .94 .81 .54 .63 .94 .67 .49 .64 5.13 4.38 .75 5.21 4.36 .85 2 8.72 28.16 National Income totalf Compensation of employees, total Wages and salaries total Private Military Government civilian Supplements to wages and salaries Proprietors' Income total9 Business and professional 9 Farm Rental Income of persons - do do do -do - 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 . 1,130.2 1,155.5 1,165.4 1,150.7 33.9 -7.9 71.9 DISPOSITION OF PERSONAL INCOME f Quarterly Data Seasonally Adjusted at Annual Rates Personal income, total Less: Personal tax and nontax payments Equals: Disposable personal income Less: Personal outlays© Equals: Personal saving§ 1,168.2 1,186.9 175.1 178.1 993.1 1,008.8 927.6 922. 3 65.5 86.5 1,193.4 1,220.8 178.0 142.0 1,015.5 1,078.8 939.5 964. 1 75.9 114.6 NEW PLANT AND EQUIPMENT EXPENDITURES Nonmanufacturing Mining Railroad _ Air transportation Other transportation do . Public utilities . . Electric Gas and other Communication . Commercial and other Seas. adj. qtrly. totals at annual rates: All industries Manufacturing Durable goods industries ^ Nondurable goods industries *f Nonmanufacturing Mining Railroad Air transportation 2.42 1.80 2.46 1.46 2.74 1.96 2.41 1.66 3.18 2.54 2.00 2.12 .59 .38 .61 .35 17.00 14.48 2.52 11.89 20.07 18.71 15.94 2.76 12. 85 21.40 20.55 17.63 2.92 13.96 22.05 4.39 3.67 .72 2.84 4.97 4.74 4.01 .73 3.39 5.57 3.95 3.45 .50 2.87 4.94 4.59 3.91 .68 3.27 6.40 4.82 4.04 .77 3.19 6.24 5.36 4.54 .82 3.53 5.83 4.38 3.85 .52 3.19 5.05 5.30 4.56 .75 3.60 5.46 5.20 4.42 .78 3.39 5.57 5.67 4.80 .87 3.78 5.97 4.42 3.84 .58 3.11 4.88 do do do do 87.67 30.98 15.67 15.31 91.94 33.64 16.86 16.78 96.19 35.51 17.88 17.63 97.76 36.58 18.64 17.94 100. 90 38.81 19.73 19.08 103.74 40.61 20.48 20.13 107. 27 42.96 21.43 21.53 111.40 45.32 22.50 22.82 113.99 47.04 23.08 23.96 116.22 48.08 23.28 24.80 114.57 49. 05 22.86 26.20 do 56.70 58.30 60.68 61.18 62.09 63.12 64.31 66.08 66.94 68.14 65.52 65.74 65.10 do do do 2.40 1.50 2.67 1.41 2.46 1.71 2.33 1.42 2.59 2.11 2.21 1.53 2.77 1.75 2.72 1.62 2.82 1.95 2.49 1.79 2.76 2.05 2.20 1.73 2.80 2.10 2.13 1.63 3.07 2.42 2.21 1.84 3.27 2.68 1.84 2.16 3.56 3.05 1.81 2.71 3.76 2.39 2 09 2.82 3.66 3.04 1.83 2.44 3.82 2.97 2.09 2.51 do do ... ... do... . do .. do do do... do... do... 17.01 17.53 Public utilities do 14.62 14.67 Electric do 2.86 2.38 Gas and other ...do... 11.56 12.63 Communication do. . . 20.21 20.16 Commercial and other do... r Revised. *> Preliminary. 1 Estimates (corrected for systematic biases) for Apr.June and July-Sept. 1975 based on expected capital expenditures of business. Expected 2 expenditures for the year 1975 appear on p. 17 of the June 1975 SURVEY. Includes communication. t See corresponding note on p. S-l. 9 Includes inventory valuation i 28.63 i 28. 12 12.02 11.87 5.36 5.42 6.66 6.46 U13.39 i 113.87 48.77 47.64 21.81 21.85 26.96 25.80 20.37 20.27 20.93 20.28 20.16 20.97 18.38 18.08 19.80 20.12 18.58 17.36 17.34 17.76 17.03 18.10 17.47 15.40 15.55 16.72 16.00 17.12 3.01 2.93 3.17 3.25 2.68 2.87 2.52 2.98 3.00 3.08 2.58 14.04 13.36 13.94 14.01 12.34 12.70 13.12 13.24 13.83 2 33. 34 22.04 20.82 234. 50 22.84 21.63 21.55 21.53 21.69 21.36 21.35 adjustment. © Personal outlays comprise personal consumption expenditures, interest paid by consumers, and personal transfer payments to foreigners. § Personal saving is ex-cess of disposable income over personal outlays. If Data for individual durable and nondurable goods industries components appear in tne Mar., June, Sept., and Dec. issues of the SURVEY.