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GROSS NATIONAL PRODUCT, NATIONAL
[Millions of dollars]

Line

TABLE 1.— GROSS NATIONAL PRODUCT (1-1,1-3)

1947

1948

1949

1950

1951

1952

1953

1954

1955

1956

1957

1958

1959

1960

1

Gross national product

234 289

259, 426

258, 054

284, 599

328, 975

346, 999

365, 385

363, 112

397, 469

419, 180

442, 769

444, 546

482, 783

504 448 '

2

Personal consumption expenditures

165 409

178 313

181, 158

195,013

209, 805

219, 774

232, 649

238 025

256, 940

269 917

285 164

293 198

313 996

328 926 1

20, 593
93, 382
51, 434

22, 723
98, 737
56, 853

24, 584
96, 607
59, 967

30,351
99, 801
64, 861

29, 471
110, 135
70, 199

29, 099
115, 100
75, 575

32, 875
117, 961
81,813

32, 398
119, 328
86, 299

39, 632
124, 762
92, 546

38, 545
131,422
99, 950

40, 355
137, 728
107, 081

37, 286
141,617
114 295

43, 536
147, 291
123 169

44 312
152 390
132 224

31 459

43 087

32, 977

49, 970

56, 334

49, 863

50, 340

48, 872

63, 843

67, 366

66 125

56 641

72 397

72 407

15, 254

19, 454

18, 813

24, 215

24,811

25, 532

27, 588

29, 722

34, 941

35, 512

36, 065

35, 483

40 231

40 659

7, 535
7, 719

10, 122
9,332

9,642
9,171

14, 100
10,115

12, 529
12, 282

12, 842
12, 690

13, 777
13,811

15, 379
14, 343

18, 705
16, 236

17, 677
17, 835

17,019
19, 046

18, 047
17, 436

22 331
17, 900

21 052
19, 607

3
4
5

6
7
8
9

Durable goods
Nondurable goods __
Services
Gross private domestic investment
New construction
Residential nonfarm
Other
_ _

_

10

Producers' durable equipment

16, 667

18, 925

17, 236

18, 940

21, 290

21, 264

22, 305

20, 789

23, 119

27, 194

28, 497

23, 109

25, 913

27, 532

11

Change in business inventories

-462

4,708

-3, 072

6,815

10, 233

3,067

447

-1, 639

5,783

4,660

1,563

-1,951

6,253

4,216

1,298
— 1,760

2,976
1,732

— 2,209
-863

6,000
815

9,057
1,176

2,146

1,068
-621

-2, 129

5, 486

490

297

5, 075
-415

801
762

-2, 864

6,161

3,958
258

12
13
14
15
16
17
18

19
20
21

Nonfarrn.
Farm

.

__ -

921

913

92

9,039

_ _ _ _ _ _ _

Federal

_

National defense
__
Other
Less: Government sales

_

_ _

22

587

2,376

1,318

-434

961

1,094

2,930

4,944

1,249

-722

3,038

13, 958
10, 198

13, 098
12, 511

17, 857
15, 481

17, 431
16, 113

16, 600
17, 034

17, 476
16, 515

19, 381
18, 287

23, 135
20, 205

26, 209
21, 265

22, 703
21, 454

23, 109
23, 831

26 666
23. 628

28,382

34, 536

40, 159

39, 029

60, 460

76, 044

82, 830

75, 254

75, 592

78, 967

86, 536

93, 458

97, 112

100,077

15, 650

_

Government purchases of goods and services. _

3,760

14, 505
11,015

19, 306

22, 241

19, 348

38, 768

52, 854

57, 964

47, 548

45, 282

45, 730

49, 711

52, 620

53, 512

52, 926

11, 360
5,417
1,127

11, 578
8,231

13, 570
8,853

14, 257
5,202

33, 864
5, 213

46, 408
6,717

49, 289
8,989

314

41,189
6,674
315

39, 081
6,559

40, 355
5,706

44, 406
5,727

44, 837
8,281

46, 183
7,844

45, 528
7,977

12, 732

Exports
Imports

3,490

17, 900
8,861

Net exports of goods and services

15, 230

17, 918

19, 681

21, 692

23, 190

24, 866

27, 706

30, 310

33, 237

36, 825

40, 838

43, 600

47. 151

198, 177
128, 757
122, 858
105, 512
4,067
13, 279
5,899

223, 487
140, 969
135, 214
116,443
3,970
14, 801
5,755

217, 690
140, 834
134, 310
113,809
4,248
16,253
6,524

241, 876
154, 190
146, 391
124,121
4,999
17, 271
7,799

279, 313
180,327
170, 788
141, 928
8,684
20, 176
9,539

292, 155
195,012
184, 835
151, 870
10, 472
22, 493
10, 177

305, 573
208, 812
198, 030
164, 157
10, 337
23, 536
10, 782

301, 794
207, 595
196, 259
161, 867
9,951
24, 441
11, 336

330, 206
223, 852
210, 902
174, 927
9,778
26, 197
12, 950

350, 836
242,502
227, 634
189, 593
9,663
28,378
14,868

366, 943
255,499
238, 548
198, 379
9,644
30, 525
16, 951

367, 384
257, 142
239, 803
196, 556
9,767
33, 480
17, 339

399, 551
278, 427
258, 474
213, 161
9,873
35, 440
19, 953

417, 054
293, 697
271, 319
222, 953
9,894
38, 472
22, 378

3,565
2,334

3,042
2,713

3,503
3,021

3,976
3,823

4,753
4,786

4,861
5,316

4,788
5,994

5, 122
6,214

5,814
7,136

6,766
8,102

7,811
9,140

7,982
9,357

9,659
10, 294

11, 487
10, 891

1,555

1,810

2, 024

903

997

35, 492
19, 948
21,419
-1,471
15, 544
6,510

40, 194
22, 405
22, 815
-410
17, 789
7,297

35, 583
22, 657
22, 194
463
12, 926
8,274

2,743
1,080
37, 541
23,541
24, 635
-1,094
14, 000
9,013

3,582
1,204
42,329
25, 995
26, 322
-327
16, 334
9,431

4,019
1,297
42, 233
26, 896
26, 695
201
15, 337
10, 154

4,598
1,396
40, 723
27, 445
27, 613
-168
13, 278
10,528

4,739
1,475
40,442
27, 751
27, 800
-49
12, 691
10,869

5,523
1,613
42, 149
30, 382
30, 580
-198
11, 767
10, 698

6,273
1,829
43, 715
32, 098
32, 600
-502
11,617
10, 913

7,163
1,977
44, 457
32, 677
32, 977
-300
11, 780
11,891

7,267
2,090
46,052
32, 504
32, 560
-56
13, 548
12, 208

8,039
2,255
46,333
35, 015
35, 154
-139
11, 318
11,865

8,454
2,437
48, 163
36, 192
36, 262
-70
11,971
11,713

23, 626
29, 525
11, 283
18, 242
6,521
11, 721
-5,899
3,792

30, 848
33,000
12, 483
20, 517
7,243
13, 274
-2, 152
4,179

28, 226
26, 370
10, 375
15, 995
7,473
8,522
1,856
4,773

35, 663
40,625
17, 865
22, 763
9,208
13, 555
-4,965
5,469

40, 954
42,153
22, 447
19, 706
9,029
10, 677
-1,199
6,272

37, 672
36, 691
19, 459
17, 232
8,954
8,278

981
7,084

37,314
38,311
20, 222
18,089
9,225
8,864
-997
8,196

33, 743
34, 061
17, 220
16, 841
9,839
7,002
-318
9,145

43, 126
44, 862
21, 827
23, 035
11,215
11,820
-1,736
10, 381

41, 990
44, 683
21, 227
23, 456
12, 132
11, 324
-2,693
11,716

41, 669
43, 208
20, 922
22, 286
12, 588
9,698
-1,539
13, 427

37, 155
37, 410
18, 646
18, 764
12, 358
6,406
-255
14, 827

46, 362
46, 827
23, 104
23, 723
13, 408
10,315
-465
16,564

45,068
45, 026
22, 342
22, 684
14, 115
8,569
42
18, 413

234, 289
13,030
221, 259

259, 426
15, 471
243, 955

258, 054
17, 274
240, 780

284,599
19, 065
265,534

328,975
21, 970
307,005

346, 999
24, 007
322, 992

365, 385
26, 526
338, 859

363, 112
28, 809
334, 303

397,469
31, 986
365,483

419, 180
34, 412
384,768

442,769
37, 443
405,326

444,546
38,605
405, 941

482,783
40,828
441, 955

504, 448
43,073
461,375

18, 641

20, 405

21, 637

23, 747

25, 647

28, 140
1,169
1,374
-154

30, 203
1,369
1,283
-431

30, 151
1,262

32, 865
1,457

38, 186
1,790
-601
992

39, 322
1,831
-1,461
1,135

42, 666
1,836
-1,669
429

45,638
1,836
-2, 620
533

503

182

111

309

271

358

331

422

498

515

579

TABLE 2.—NATIONAL INCOME (1-8, 1-9)

1

National income
Compensation of employees
_
1
Wages and salaries
4
Private
5
Military
fi
Government civilian
Supplements to wages and salaries
_ __
Employer contributions for social insur8
ance
_
q
Other labor income
Employer contributions to private pen10
sion and welfare funds
Other ...
_
11
9
1 Proprietors' income
Business and professional
1?
Income of unincorporated enterprises
14
Inventory valuation adjustment
15
16
Farm
17 Rental income of persons
18 Corporate profits and inventory valuation
adjustment
IP
Profits before tax
*>0
Profits tax liability
^1
Profits after tax
- -22
^Dividends
*>3
Undistributed profits
94
Inventory valuation adjustment
*>*> Net interest
9

779

TABLE 3.—RELATION OF GNP NATIONAL
INCOME AND PERSONAL INCOME (1-17, 1-18)

1 Gross national product
? Less1 Capital consumption allowances
Equals* Net national product
Less: Indirect business tax and nontax liability
5
Business transfer payments
fi
Statistical discrepancy
7 Plus: Subsidies minus current surplus of
government enterprises.
8 Equals* National income
9 Less: Corporate profits and inventory valuation adjustment.
10
Contributions for social insurance
Excess of wage accruals over disburse11
ments.
12 Plus: Government transfer payments to persons.
IS
Net interest paid by government
14
Dividends
Business transfer payments
15
16 Equals: Personal income

^

4




674

3,541
-226

739

-847
-171

781
510

-162

843

-734
198

985

1,247
187

-243

33

35, 692
1,616
-2, 428
948

350,836
41, 990

366,943
41, 669

367,384
37, 155

399,551
46, 362

417,054
45, 068

853

988

198,177
23, 626

223, 487
30, 848

217, 690
28, 226

241,876
35, 663

279,313
40, 954

292, 155
37, 672

305, 573
37, 314

301,794
33, 743

330,206
43, 126

5,683
15

5,220
35

5,737
-46

6,870
24

8,170
74

8,614
-22

8, 728
-76

9,695
0

10, 995
0

12, 586
0

14, 522
0

14, 835
0

17, 572
0

20, 744
0

11,113

10,542

11, 622

14, 304

11,590

12,041

12, 887

14, 961

16, 050

17, 190

20, 089

24, 501

25, 412

27, 252

4,420
6,521
674
191,581

4,527
7,243
739
210,435

4,670
7,473
781
208,319

4,794
9,208
843
228, 468

4,973
9,029
985
256, 692

5,016
8,954
1,169
273,071

5,171
9,225
1,369
288, 259

5,407
9,839
1,262
289, 825

5,389
11,215
1, 457
310, 196

5,745
12, 132
1,616
332, 943

6,204
12, 588
1,790
351,423

6,175
12,358
1,831
360, 259

7,075
13, 408
1,836
383,348

7,774
14,115
1,836
402, 219

INCOME, AND PERSONAL INCOME, 1947-60
[Billions of dollars, seasonally adjusted at annual rates]

I

11

195 8

19

19 56
III

IV

I

II

III

IV

19 59

II

I

III

IV

I

II

19 60

Line

IV

III

I

II

III

IV

410.6

415.0

421.0

430.0

438.5

442.1

448.3

442.3

432.9

437.2

447.0

460.6

472.2

488.5

482.3

488.3

501.5

506.4

505.1

504.5

1

265.6

268.2

270.4

275.6

280.1

283.3

288.7

288.6

287.4

290.9

294.5

299.8

305.8

313.6

316. 5

320.0

323.8

329.9

329.7

332.3

2

38.8
129. 7
97.1

38.2
131.0
98.9

37.7
131.7
101.0

39.4
133.3
102.8

40.4
135. 4
104.2

40.4
136.8
106.2

40.9
139. 7
108.0

39.7
139.0
109.9

36.5
139.5
111.4

36.3
141,1
113.5

36.7
142. 6
115.2

39.5
143.2
117.1

41.6
144.9
119.4

44.5
147.3
121.9

44.4
147.7
124.4

43.7
149.3
127.0

44.7
150.5
128.6

45.3
153.3
131.2

43.4
152. 7
133.6

43.8
153.1
135.4

3
4
5

67.1

66.9

67.3

68.1

67.1

67.3

67.6

62.4

53.9

53.0

55.8

63.6

70.4

79.1

68.2

71.8

78.9

74.6

70.5

65.6

6

35.1

35.7

35.7

35.5

35.8

36.0

36.2

36.1

35.3

34.4

35.1

36.9

39.0

41.2

41.0

39.6

40.9

40.7

40.4

40.7

7

17.8
17.3

18.0
17.7

17.6
18.1

17.3
18.2

17.1
18.7

16.9
19.1

17.0
19.3

17.1
19.0

17.1
18.2

16.9
17.5

18.0
17.1

19.9
17.0

21.9
17.1

23.5
17.7

22.6
18.4

21.3
18.3

21.5
19.3

21.2
19.5

21.0
19.4

20.5
20.2

8
9

25.8

26.7

27.6

28.6

28.9

28.6

28.9

27.5

24.1

22.7

22.3

23.4

24. 3

26.3

26.6

26.6

27.1

28.6

27.7

6.2

4.4

4.0

4.0

2. 3

2.7

2.5

— 1.2

-5.5

-4.0

-1.6

3.3

7.1

11.7

.7

5.6

10.9

5.4

2.4

6. 6
—.3

-.7

-.5

-.1

.3

2. 0
.7

1. 5
.9

— 2. 3
1.1

— 6. 5
1.0

— 5. 0
1.0

— 2. 5
.9

2. 6

6. 9
.2

11. 6
.1

.7
.0

5. 5
.1

10. 8
.1

5. 1
.3

2. 0
.4

.'3

13

1.4

2.6

3.5

4.3

6.0

5.1

5.1

3.5

1.7

1.3

1.6

.4

-.6

-.5

.0

1.8

2.3

3.0

5.1

14

21.4
20.0

22.6
20.0

24.1
20.5

24.5
20.2

27.0
21.0

26.4
21.3

26.6
21.5

24.9
21.3

22.5
20.8

22.7
21.4

22.9
21.4

22.7
22.3

22.1
22.7

22.3
24.0

24. 0
24.5

24.1
24.0

25.6
23.9

26.7
24.4

26.8
23.8

27.6
22.4

15
16

76.6

77.3

79.8

82.0

85.3

86.4

86.9

87.7

89.8

92.0

95.1

96.7

96.7

97.5

98.1

96.5

96.9

99.6

101.9

101.6

17

44.8

44.5

46.2

47.5

49.5

50.0

50.0

49.4

50.6

51.8

53.7

54.3

53.2

53.9

54.1

52.9

51.8

52.9

54.0

53.0

18

39.1
6.1
.3

39.2
5.7
.4

41.0
5.4
.3

42.1
5.7
.3

43.7
6.2
.4

44.9
5.4
.3

45.0
5.5
.5

44.0
5.9
.5

44.4
6.8
.5

44.6
7.8
.6

44.9
9.1
.4

45.5
9.4
.6

45.9
7.7
.5

46.5
7.9
.5

46.3
8.3
.5

45.9
7.5
.5

45.5
6.9
.6

45.5
7.9
.6

45.4
9.1
.6

45.7
7.9
.6

19
20
21

31.7

32.8

33.7

34.5

35.8

36.4

36.9

38.3

39.2

40.1

41.4

42.3

43.5

43.6

44.0

43.6

45.0

46.8

48.0

48.6

22

343.2
235.8
221.6
184. 5
9.7
27.4
14.2

348.3
241.2
226.6
188.9
9.7
28.0
14.6

352.6
243.8
228. 7
190.3
9.7
28.8
15.2

359.1
249.0
233. 4
194.5
9.6
29.3
15.6

364.0
252.3
235. 9
196. 5
9.6
29.8
16.4

367.1
255.5
238.7
198.8
9.7
30.2
16.8

371.6
258.1
240.9
200.2
9.8
30.9
17.2

365.1
256.0
238. 7
198.0
9.5
31.2
17.3

357.4
252.5
235. 4
193.6
9.5
32.3
17.1

360.2
253. 4
236. 3
193. 5
9.7
33.2
17.1

370.1
258.9
241.6
197. 6
10.0
34.0
17.3

381. 7
263.7
245. 8
201.5
9.9
34.4
17.8

390.7
270.6
251.4
206.7
9.9
34.8
19.2

405.2
280.0
260.1
215.0
9.9
35.3
19.9

399.4
280.5
260.3
214.8
9.9
35.7
20.2

402.8
282.4
261.9
216.0
9.8
36.1
20.5

413.5
290.2
268.3
221.4
9.8
37.1
21.9

419.2
294.6
272.4
224. 6
9.8
38.0
22.2

419.0
296. 0
273. 2
2^4. 2
9.9
39.1
22.7

416.5
294.0
271.3
221.6
10.0
39.7
22 7

1
2
3
4
5
6
7

6.4
7.7

6.6
8.0

6.9
8.2

7.1
8.5

7.7
8.8

7.8
9.0

7.9
9.3

7.9
9.5

7.8
9.3

7.9
9.2

8.0
9.3

8. 2
9.6

9.4
9.9

9.7
10.2

9.7
10.5

9.9
10.7

11.3
10.6

11.4
10.8

11.8
10.9

11.5
11.2

8
9

-1.7

26.7
-1.9

10
11

10
11
12
13
14
15
16
17

42.7
31.5

43.3
32.1

44.4
32.3

44.5
32.5

43.9
32.6

44.3
32.8

45.2
32.9

44.5
32.4

45.9
31.6

45.6
32.1

46.2
32.7

46.5
33.5

46.6
34.1

46.7
35.2

45.9
35.3

46.1
35.3

46.3
35.8

48.6
36 4

48.7
36. 3

49.0
36.3

11.2
10.7

11.2
10.8

12.1
11.0

12.0
11.1

11.2
11.4

11.5
11.8

12.3
12.1

12.1
12.2

14.3
12.2

13.5
12.3

13.4
12.2

12.9
12.1

12.5
12.0

11.5
11.9

10.6
11.8

10.8
11.7

10.5
11.7

12. 3
11.7

12.4
11.7

12.7
11.7

42.7

41.5

41.5

42.3

43.5

42.2

42.5

38.4

32.5

34.4

37.9

43.8

45.3

50.2

44.4

45.5

47.4

45.9

44.1

42.9

18

45.7
21.7
24.0
11.7
12.2
-2.9
11.2

45.2
21.5
23.7
12.0
11.7
-3.7
11.5

42.7
20.3
22.4
12.3
10.1
-1.2
11.9

45.3
21.5
23.8
12.0
11.8
-3.1
12.3

46.0
22.3
23.7
12.7
11.1
-2.4
12.8

43.7
21.2
22.6
12.8
9.7
-1.5
13.3

43.8
21.2
22.6
12.9
9.6
-1.3
13.7

39.4
19.1
20.3
12.3
8.1
-.9
14.0

32.7
16.3
16.4
12.6
3.8
-.2
14.2

34.1
17.0
17.1
12.6
4.5
.3
14.5

38.2
19.0
19.1
12.6
6.6
-.2
15.0

44.7
22.3
22.4
12.0
10.4
-.9
15.6

46.1
22.8
23.4
13.0
10.4
-.9
16.2

51.5
25.4
26.1
13.3
12.8
-1.3
16.4

44.8
22.1
22.7
13.7
9.0
-.4
16.7

44.9
22.1
22.7
13.8
8.9
.7
17.0

48.1
23.9
24.2
14.0
10.2
-.7
17.8

46.3
23.0
23.3
14.0
9.3
-.4
18.3

43.2
21.4
21.7
14.1
7.6
.9
18.6

42.6
21.1
21.4
14.3
7.2
.3
18.9

19
20
21
92
23
24
25

410.6
33.6
377.1

415.0
34.1
380.9

421.0
34.7
386.3

430.0
35.3
394.7

438. 5
36.6
401.9

442.1
37.3
404.8

448.3
37.8
410.4

442.3
38.0
404.3

432.9
38.2
394.7

437.2
38.3
398.9

447.0
38.8
408. 3

460.6
39.2
421.4

472.2
39.8
432.5

488.5
40.6
447.8

482.3
41.1
441.2

488.3
41.8
446.5

501.5
42.5
459.0

506.4
43.0
463.4

505.1
43.2
461.9

504.5
43.7
460.9

1
2
3

34.5
1.5
-1.3
.8

35.3
1.6
-3.3
.9

35.9
1.6
-2.8
1.0

37.1
1.7
-2.2
1.1

37.6
1.7
-.2
1.2

38.2
1.8
-1.1
1.1

38.5
1.8
-.6
.9

38.4
1.9
-.3
.8

38.4
1.8
-1.9
1.0

39.0
1.8
-1.0
1.2

39.4
1.8
-1.9
1.2

40.4
1.8
-1.4
1.2

41.5
1.8
-.9
.7

42.1
1.8
-.9
.5

43.1
1.8
-2.8
.3

43.9
1.8
-1.8
.3

45.3
1.8
-1.1
.5

45.9
1.8
-2.9
.6

45.5
1.8
-4.0
.5

45.9
1.8
-2.9
.5

4
5
6
7

343.2
42.7

348.3
41.5

352.6
41.5

359. 1
42.3

364.0
43.5

367.1
42.2

371.6
42.5

365.1
38.4

357.4
32.5

360.2
34.4

370.1
37.9

381.7
43.8

390.7
45.3

405.2
50.2

399.4
44.4

402.8
45.5

413.5
47.4

419.2
45.9

419.0
44.1

416.5
42.9

8
9

12.1
.0

12.4
.0

12.8
.0

13.1
.0

14.4
.0

14.5
.0

14.7
.0

14.6
.0

14.6
.6

14.6
.6

15.0
-1.3

15.2
.0

17.1
.0

17.6
.0

17.7
.0

17.8
.0

20.4
.0

20.7
.0

21.1
.0

20.8
.0

10
11

16.7

17.1

17.4

17.7

18.6

20.2

20.2

21.5

22.8

24.9

25.5

25.2

24.9

25.1

25.2

26.3

26.3

26.8

27.5

28.8

12

5.5
11.7
1.5
323.8

5.7
12.0
1.6
330.9

5.8
12.3
1.6
335.4

5.9
12.0
1.7
341.1

6.1
12.7
1.7
345.1

6.2
12.8
1.8
351.4

6.3
12.9
1.8
355.6

6.3
12.3
1.9
354.1

6.1
12.6
1.8
353.1

6.1
12.6
1.8
356.0

6.1
12.6
1.8
364.6

6.4
12.0
1.8
368.2

6.6
13.0
1.8
374.7

6.9
13.3
1.8
384.6

7.2
13.7
1.8
385.1

7.5
13.8
1.8
388.9

7.7
14.0
1.8
395.5

7.8
14.0
1.8
403.1

7.8
14.1
1.8
405.1

7.7
14.3
1.8
405.4

13
14
15
16




GROSS NATIONAL PRODUCT, NATIONAL
Line

TABLE 4.— PERSONAL INCOME AND
ITS DISPOSITION, (II-l, II-2)

1947

1949

1948

1950

1952

195!

1953

1955

1954

1956

1957

1959

1958

1960

[Millions of dollars]
1
2
3
4
5
6
7
8
9
10
11

191,581

Wage and salary disbursements . .
Commodity-producing industries
Manufacturing only _ _
Distributive industries
Service industries
__ _
Government
.
-- Other labor income ._

210, 435

208,319

228, 468

256, 692

273,071

288, 259

289, 825

310, 196

332, 943

351,

423

360, 259

383, 348

402, 219

122, 843
54, 336
42, 500
35, 164
15, 997
17, 346

Personal income

135, 179
60, 257
46, 459
38. 802
17, 349
18, 771

134, 356
56, 914
43, 860
39, 016
17, 925
20, 501

146, 367
63, 495
49, 393
41,313
19, 289
22, 270

170, 714
74, 885
58, 277
45, 953
21, 060
28, 816

184, 857
80, 547
62, 960
48, 749
22, 628
32, 933

198, 106
88, 077
69, 881
51, 797
24, 283
33, 949

196, 259
84, 062
66, 077
52, 324
25, 481
34, 392

210, 902
91, 390
72, 252
55, 766
27, 771
35, 975

227, 634
98, 724
77, 706
60, 336
30, 533
38, 041

238, 548
102, 217
80, 644
63, 403
32, 759
40, 169

239, 803
97, 940
76, 701
63, 819
34, 797
43, 247

258, 474
107, 245
84, 720
68, 181
37, 735
45, 313

271,319
110,424
87,411
71, 802
40, 727
48, 366

2,334

2,713

3,021

3,823

4,786

5, 316

5,994

6,214

7,136

8,102

9,140

9,357

10, 294

10, 891

35 492
19, 948
15, 544

-. ._

40, 194
22, 405
17, 789

35, 583
22, 657
12, 926

37, 541
23, 541
14,000

42, 329
25, 995
16, 334

42, 233
26, 896
15, 337

40, 723
27, 445
13, 278

40, 442
27, 751
12, 691

42, 149
30. 382
11,767

43,715
32, 098
11, 617

44, 457
32, 677
11, 780

46, 052
32, 504
13, 548

46, 333
35,015
11,318

48, 163
36, 192
11,971

---

Proprietors' income
Business and professional
Farm

12

Rental income of nersons

6,510

7,297

8, 274

9,013

9, 431

10, 154

10, 528

10, 869

10, 698

10, 913

11,891

12, 208

11,865

11,713

13
14

Dividends
Personal interest income

6, 521
8, 212

7, 243
8, 706

7,473
9, 443

9, 208
10, 263

9, 029
11, 245

8,954
12, 100

9, 225
13, 367

9. 839
14, 552

11,215
15, 770

12, 132
17, 461

12, 588
19, 631

12, 358
21, 002

13, 408
23, 639

14,115
26, 187

15
16
17
18
19

Transfer payments _ _ _ _ _ _ _ _ _ _ _
Old-age and survivors insurance benefits-State unemployment insurance benents.-Veterans' benefits
Other
_ _ - .. _ -

11,787
463
775
6,745
3,804

11, 281
552
790
5,769
4,170

12, 403
664
1,730
5,104
4,905

15, 147
954
1,367
4,884
7,942

12, 575
1,872
837
3,897
5,969

13,210

'992
3, 863
6,178

14,256
2,979
954
3, 738
6,585

16, 223
3, 633
2, 015
3,848
6,727

17, 507
4,915
1,369
4, 250
6,973

18. 806
5,652
1, 400
4,227
7,527

21, 879
7,321
1,755
4, 364
8, 439

26, 332
8,478
3,944
4,559
9,351

27, 248
10, 175
2,514
4,520
10, 039

29, 088
11,130
2,782
4,552
10,624

20

Less: Personal contributions for social insurance.

2,118

2,178

2,234

2,894

3,417

3,753

3,940

4,573

5,181

5,820

6,711

6,853

7,913

9,257

21, 468
19, 650
1,818

21, 135
18 997
2,138

18, 665
16, 194
2,471

20, 813
18, 179
2,634

29, 211
26, 278
2,933

34, 357
31,165
3,192

35, 785
32, 359
3,426

32, 940
29, 155
3,785

35, 748
31, 521
4,227

40,001
35, 180
4,821

42, 632
37, 342
5,290

42, 335
36, 640
5,695

45, 999
39, 607
6,392

50, 396
43, 160
7,236

21
22
23

Less: Personal tax and nontax payments
Federal
State and local

24

Equals: Disposable personal income

170,113

189,300

189, 654

207, 655

227,481

238, 714

252, 474

256, 885

274, 448

292,942

308,791

317,924

337, 349

351,823

25

Less: Personal consumption expenditures

165,

178,

313

181, 158

195, 013

209,

805

219, 774

232,

649

238, 025

256,

269,

917

285, 164

293, 198

313, 996

328, 926

26

Equals: Personal savings

10,987

8,496

12, 642

17, 676

18, 940

19, 825

18,860

23, 025

23, 627

24, 726

23, 353

27

Addendum: Disposable personal income in
constant (1954) dollars.

409

4,704

201, 079

211,

508

213,

815

230,

984

236,

959

243,

586

TABLE 5.— GROSS NATIONAL PRODUCT IN CONSTANT DOLLARS (1-2, 1-5)

255, 024

256,

885

940

17, 508

273,

355

286,

917

293,

807

296,

295

310,

634

22, 897

318,

969

[Billions of 1954 dollars]

1

Gross national product

__ _

282.3

293.1

292.7

318.1

341.8

353. 5

369.0

363.1

392.7

400.9

408.6

401.3

428.4

440.8

2

Personal consumption expenditures

__

195.6

199.3

204.3

216.8

218.5

224.2

235.1

238.0

256.0

264.3

271.2

273.2

289.3

298.3

23.3
105 3
67.0

24.6
105.1
69.6

26.3
106.3
71.7

32.1
109.2
75.5

29.2
111.2
78.2

28.5
115.0
80.8

33.1
118.3
83.7

32.4
119.3
86.3

39.6
125.4
91.0

38.0
130.3
96.0

38.5
132.6
100.1

35.5
133.3
104.4

41.0
138.8
109.5

41.8
141.8
114.7

41.5

49.8

38.5

55.9

57.7

50.4

50.6

48.9

62.5

61.7

58.1

49.0

61.1

60.6

19.9
9.6
10.3

22.7
11.4
11.2

22.3
11.2
11.1

27.4
15.5
11.9

26.0
12.9
13.2

26.0
12.8
13.2

27.6
13.6
14.0

29.7
15.4
14.3

33.9
18.2
15.7

32.3
16.2
16.1

31.8
15.3
16.5

31.1
16.2
14.8

34.3
19.4
14.8

33.9
18.0
16.0

21.7
-.1

22.8
4.4

19.8
-3.6

21.3
7.2

22.0
9.7

21.8
2.6

22.5
.5

20.8
-1.6

22.5
6.1

25.0
4.5

24.6
1.6

19.4
-1.5

21.3
5.5

22.7
4.0

1.4
-1.6

3.0
1.4

-2.6
-1.0

6.5
.7

9.0
.7

2.2
.4

1.1
-.7

-2.1
.5

5.4
.7

4.9
-.4

.7
1.0

-2.4
.8

5.6
-.0

3.8
.2

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19

Line
1
2
3
4
5
6
8
9
10
11
12
13
14
15
16
17

Durable goods
Services

._

Gross private domestic investment
New construction
Residential nonfarm
Other
_

-

Producers' durable equipment _
Change in business inventories
Nonfarm
Farm

_

_

8.0

2.0

2.6

.2

2.2

1.2

— 9

1.0

.9

2.5

3.8

-.2

-2.1

1.7

.

19.2
11.1

14.7
12.8

15.1
12.4

14.5
14.2

17.3
15.1

16.9
15.7

16.4
17.3

17.5
16.5

19.2
18.3

22.4
19.8

24.4
20.6

21.4
21.6

22.2
24.3

25.3
23.6

Government purchases of goods and services. _

37.2

42.1

47.2

45.1

63.3

77.7

84.3

75.3

73.2

72.3

75.5

79.3

80.1

80.2

19.4
17.8

22.9
19.2

25.3
21.9

21.6
23.5

39.3
24.1

53.3
24.5

58.8
25.5

47.5
27.7

43.5
29.7

41.7
30.6

43.2
32.2

44.5
34.8

43.9
36.2

42.3
38.0

Net exports of goods and services
Exports
Imports

Federal
State and local
TABLE 6.— IMPLICIT PRICE DEFLATORS FOR GNP (VII-2, VII-3)
Gross national product
_
Personal consumption expenditures.
Durable goods
Nondurable goods
Services
Gross private domestic investment
New construction
. _
Residential nonfarm
Other
Producers* durable equipment
Change in business inventories
Net exports of goods and services
Exports
_ _ _ _ _
Imports .
_
Government purchases of goods and services. .
Federal
State and local




[Index numbers, 1954=100]

83.0
84.6
88.4
88.7
76.8

88.5
89.5
92.4
94.0
81.7

88.2
88.7
93.5
90.9
83.6

89.5
89.9
94.6
91.4
85.9

96.2
96.0
101.1
99.0
89.8

98.1
98.0
102.2
100.1
93.6

99.0
99.0
99.4
99.7
97.7

100.0
100.0
100.0
100.0
100.0

101.2
100.4
100.1
99.5
101.7

104.6
102.1
101.3
100.9
104.1

108.4
105.1
104.7
103.9
107.0

110.8
107.3
104.9
106.3
109.4

112.7
108.6
106.3
106.1
112.5

114.4
110.3
106.1
107.5
115.2

76.6
78.4
74.8
76.8

85.9
88.6
83.1
83.1

84.3
85.9
82.6
87.0

88.3
90.9
85.1
89.0

95.3
97.5
93.1
96.8

98.4
100.3
96.5
97.5

100.1
101.3
98.9
99.0

100.0
100.0
100.0
100.0

103.1
103.0
103.2
102.6

109.8
109.0
110.7
109.0

113.5
111.2
115.7
115.7

114.2
111.2
117.6
118.9

117.4
114.9
120.7
121.5

119.8
117.1
122.8
121.5

93.4
79.7
76.4
80.8
71.5

98.6
86.3
82.0
84.4
79.3

92.7
82.0
85.1
88.0
81.7

90.3
87.8
86.5
89.6
83.7

103.3
102.8
95.5
98.7
90.2

103.0
102.8
97.8
99.2
94.8

101.0
98.2
98.3
98.6
97.5

100.0
100.0
100.0
100.0
100.0

100.7
99.9
103.3
104.1
102.2

103.4
101.8
109.2
109.7
108.6

107.4
103.2
114.6
114.9
114.2

105.9
99.2
117.9
118.3
117.3

103.9
98.1
121.3
122.0
120.3

105.2
100.0
124.8
125.2
124.2

INCOME, AND PERSONAL INCOME, 1947-60
I

II

III

IV

ii

I

1960

1959

1958

1957

1956

Line
III

IV

II

I

III

IV

I

II

III

IV

I

II

III

IV

[Billions of dollars, seasonally adjusted at annual rates]
323.8
221.6
95.9
75.7
59.1
29.5
37.1

330.9
226.6
98.3
77.1
60.3
30.2
37.8

335.4

341.1

228.7
98.7
77.4
60.8
30.8
38.4

233.4
101.9
80.6
61.2
31.5
38.9

345.1

351.4

355.6

235.9
102.2
80.8
62.2
32.0
39.4

238.7
102.8
81.2
63.3
32.6
39.9

240.9
102.9
81.1
64.3
33.1
40.6

354.1

353.1

356.0

364.6

368.2

374.7

384.6

385.1

388. 9

395.5

403.1

405.1

405.4

1

238.7
100.9
79.5
63.7
33.3
40.7

234.8
96.4
75.8
63.4
33.8
41.2

235.7
96.0
75.0
63.0
34.5
42.2

242.8
98.3
76.9
64.1
35.2
45.2

245.8
101.1
79.1
64.7
35.7
44.4

251.4
104.3
82.2
66.3
36.2
44.7

260.1
109.5
86.6
68.1
37.4
45.1

260.3
107.5
85.0
69.1
38.2
45.5

261.9
107.8
85.1
69.2
39.1
45.9

268.3
111.4
88.6
70.4
39.6
46.9

272.4
111.8
88.5
72.3
40.5
47.8

273.2
110.5
87.2
72.5
41.2
49.0

271.3
108.0
85.2
72.1
41.5
49.7

2
3
4
6
6
7

7.7

8.0

8.2

8.5

8.8

9.0

9.3

9.5

9.3

9.2

9.3

9.6

9.9

10.2

10.5

10.7

10.6

10.8

10.9

11.2

8

42.7
31.5
11.2

43.3
32.1
11.2

44.4
32.3
12.1

44.5
32.5
12.0

43.9
32.6
11.2

44.3
32.8
11.5

45.2
32.9
12.3

44.5
32.4
12.1

45.9
31.6
14.3

45.6
32.1
13.5

46.2
32.7
13.4

46.5
33.5
12.9

46.6
34.1
12.5

46.7
35.2
11.5

45.9
35.3
10.6

46.1
35.3
10.8

46.3
35.8
10.5

48.6
36.4
12.3

48.7
36.3
12.4

49.0
36.3
12.7

9
10
11

10.7

10.8

11.0

11.1

11.4

11.8

12.1

12.2

12.2

12.3

12.2

12.1

12.0

11.9

11.8

11.7

11.7

11.7

11.7

11.7

12

11.7
16.7

12.0
17.2

12.3
17.7

12.0
18.2

12.7
18.9

12.8
19.5

12.9
20.0

12.3
20.2

12.6
20.3

12.6
20.6

12.6
21.1

12.0
22.0

13.0
22.8

13.3
23.4

13.7
23.9

13.8
24.4

14.0
25.5

14.0
26.1

14.1
26.4

14.3
26.7

13
14

18.2
5.3
1.3
4.3
7.3

18.7
5.6
1.4
4.3
7.4

19.0
5.8
1.5
4.1
7.6

19.4
5.9
1.5
4.2
7.8

20.3
6.3
1.6
4.3
8.2

21.9
7.7
1.6
4.3
8.4

22.0
7.5
1.7
4.3
8.5

23.4
7.8
2.4
4.5
8.7

24.6
7.8
3.1
4.6
9.1

26.8
8.6
4.2
4.6
9.4

27.4
8.7
4.8
4.5
9.4

27.1
8.8
4.2
4.5
9.6

26.8
9.5
2.9
4.6
9.8

26.9
10.3
2.2
4.6
9.9

27.0
10.4
2.1
4.4
10.2

28.2
10.5
2.8
4.5
10.3

28.1
10.7
2.4
4.6
10.5

28.6
11.2
2.4
4.5
10.5

29.3
11.3
2.9
4.5
10.6

30.6
11.4
3.8
4.6
10.8

15
16
17
18
19

5.7

5.8

5.8

6.0

6.7

6.7

6.8

6.7

6.8

6.7

7.0

6.9

7.8

7.9

8.0

8.0

9.2

9.2

9.3

9.3

20

39.2
34.5
4.7

39.8
35.1
4.8

40.2
35.3
4.9

40.8
35.8
5.0

42.2
37.0
5.1

42.6
37.4
5.2

43.0
37.6
5.4

42.8
37.4
5.4

41.7
36.1
5.6

41.8
36.2
5.7

42.7
37.0
5.7

43.1
37.3
5.8

44.9
38.7
6.2

46.1
39.8
6.3

46.4
39.9
6.5

46.6
40.0
6.6

49.9
42.7
7.1

50.5
43.3
7.2

50.8
43.5
7.3

50.5
43.1
7.4

21
22
23

284.6

291.1

295.2

300.3

303.0

308.8

312.7

311.2

311.4

314.2

321.8

325.0

329.8

338.4

338.7

342.3

345.7

352.7

354.4

354.9

24

265.6

268.2

270.4

275.6

280.1

283.3

288.7

288.6

287.4

290.9

294.5

299.8

305.8

313.6

316.5

320.0

323.8

329.9

329.7

332.3

25

19.0

22.9

24.8

24.7

22.9

25.4

24.0

22.6

23.9

23.3

27.3

25.2

23.9

24.8

22.3

22.3

21.8

22.8

24.6

22.7

26

282.0

286.2

287.7

291.0

291.1

294.6

296.1

293.3

291.3

292.6

299.9

302.1

305.9

312.5

311.3

313.2

315.4

320.3

321.0

320.1

27

[Billions of 1954 dollars]
398.8

398.9

400.2

405.5

409.6

410.0

411.0

403.8

393.0

395.2

402.9

413.6

422.1

434.4

426.6

430.7

441.0

443.4

440.2

438.4

263.2

263.7

263.4

266.9

268.9

270.4

273.4

272.1

268.9

270.9

274.4

278.7

283.8

289.7

290.8

292.8

295.4

299.5

298.6

299.6

38.9
130.2
94.2

38.0
130. 3
95.3

37.1
129.7
96.7

38.2
130.9
97.8

38.9
131.7
98.3

38.5
132.2
99.7

39.0
133.8
100.7

37.7
132.7
101.8

34.9
131.4
102.6

34.7
132.3
104.0

35.1
134.3
105.1

37.5
135.2
106.1

39.2
136. 8
107.7

41.7
139. 3
108.8

41.6
139.2
110.0

41.4
140.0
111.4

42.1
140.9
112.4

42.5
142.9
114.2

40.8
142.0
115.8

41.6
141.3
116.6

62.8

61.5

61.4

61.3

59.8

59.3

58.9

54.1

46.8

45.8

48.1

54.7

59.9

66.9

57.3

60.4

66.6

62.3

58.6

54.9

32.7
16.6
16.1

32.6
16.5
16.1

32.3
16.0
16.3

31.8
15.7
16.0

31.9
15.5
16.4

31.7
15.2
16.5

31.7
15.2
16.5

31.6
15.3
16.3

31.0
15.4
15.6

30.2
15.3
14.9

30.6
16.2
14.5

32.1
17.7
14.4

33.7
19.3
14.4

35.2
20.5
14.7

34.7
19.6
15.1

33.4
18.3
15.1

34.3
18.4
15.9

33.9
18.1
15.9

33.6
17.9
15.7

33.9
17.5
16.4

24.3
5.8

24.7
4.1

25.2
3.9

25.5
4.0

25.4
2.5

24.8
2.8

24.9
2.3

23.6
-1.0

20.4
-4.6

19.1
-3.4

18.8
-1.3

19.5
3.1

20.1
6.2

21.6
10.1

21.7
.8

21.9
5.0

22.4
9.9

23.4
4.9

22.7
2.3

22.1
-1.1

1(
1

6.4
-.6

5.0
-.8

4.3
-.4

3.9
.1

1.8
.7

1.7
1.1

1.3
1.0

-2.0
.9

-5.5
.9

-4.3
.9

-2.1
.8

2.4
.7

6.1
.1

10.2
-.1

.9
-.1

5.1
.0

9.9
.1

4.7
.2

2.0
.3

-1.3
.2

1
1

.9

2.2

3.1

3.8

5.0

4.2

3.8

2.2

.4

-.2

.2

20.6
19.7

22.0
19.7

23.4
20.2

23.5
19.7

25.2
20.2

24.7
20.5

24.7
20.8

23.0
20.8

21.0
20.7

21.3
21.5

21.8
21.6

21.6
22.7

21.1
23.4

21.5
24.6

23.2
25.1

71.8

71.5

72.1

73.5

75.8

76.0

74.8

75 .4

77.0

78.6

80.2

81.2

80.7

81.0

80.5

41.8
30.0

40.9
30.6

41.5
30.7

42.5
31.0

44.0
31.9

44.0
32.1

42.8
32.1

42.3
33.1

43.2
33.8

44.4
34.2

44.9
35.3

45.4
35.8

44.2
36.5

44.6
36.4

44.0
36.5

-1.1

-2.2

-3.2

-1.9

-.9

.6

1.0

1.6

3.5

1

23.1
24.0

24.5
23.9

25.4
24.4

25.4
23.7

26.1
22.6

1
1

78.4

78.4

80.6

81.3

80.3

1

42.7
35.8

41.7
36.7

42.7
37.8

42.9
38.4

41.6
38.7

1!
1

[Index numbers, 1954=100]
103.0
100.9
99.8
99.6
103.1

104.0
101.7
100.6
100.5
103.8

105.2
102.6
101.8
101. 5
104.5

106.0
103.2
103.2
101.9
105.1

107.0
104.1

107.4
107.1
107.7
105.9

109.6
109.0
110.2
108.1

110.5
109.6
111.4

111.8
110.1
113.5

109.6

112.2

103.7
101.6
106.6
107.2

102.9
101.6
108.1

102.9
101.6
110.7
111.2

104.0
102.6

103.8
102.9
106.0

107.8
104.8
104.8
103.4
106.5

109.1
105.6
105.1
104.4
107.3

109.5
106.1
105.3
104.8
108.0

110.1
106.9
104.7
106.2
108.6

110.6
107.4
104.7
106.7
109.2

110.9
107.3
104.8
106.2
109.6

111.4
107.6
105.3
106.0
110.4

111.9
107.8
105.9
105.9
110.9

112.4
108.3
106.7
105.8
112 1

113.0
108.8
106.8
106.1
113.0

113.4
109.3
105. 7
106.6
114.0

113.7
109.6
106.1
106.8
114.5

114.2
110.1
106.8
107.3
114.9

114.7
110.4
106.5
107.5
115.4

115.1
110.9
105.2
108.3
116.1

112.2
110.4
113.9
114.0

113.5
111.0
115.8
115.4

114.2
111.6
116.5
116.4

114.1
111.5
116.6
116.9

113.7
110.6
116.8

113.9
110.4
117.4

115.0
112 2
118.5

115.8
113.3
119.3

117.0
114.5
120.4

119.6

120.9

121.6

118.5
116.1
121.5
121.2

119.2
116.8
122.0
121.4

119.9
117.4
122.7
121.9

120.0
116.9
123.4

118.9

118.1
115.6
121.3
122.3

120.0
117.3
123.1

118.1

114.5
111.4
117.9
118.9

121.9

120.8

106.6
103.8
113.7

107.8
103.0
116.0

108.0
102.3
116.4

107.0
100.5

106.3
99.6
117.0

105.0
98.8

105.1
98.1
119.1

104.7
97.3

103.7
96.4

103.2
97.7

104.1
100.0

104.7
100.0

105.2
100.2

105.5
100.3

105.6
99.4

13
14

111.5

107.2
103.8
112.5

123.0

125.3

113.7
113.6

116.8
115.0

116.8
115.9

122.9
120.7

124.0
122.0

123.6
124.2

123.6

112.6
112.3

120.3
120.8
119.7

121.9

111.8
111.1

119.8
120.4

123.7
123.5

125.8
124.9

126.5
127.4

15
16
17

1
2
3
4
5
6

7
8
9
10
11
12

105.7

108.6
107.4

109.9

598929°—61


116.7
117.2
116.1

116.8
117.2

118.6
119.5
117.4

119.7
118.4

119.0

122.9

125.6

Table 76.—Gross National Product by Major Type of Product, in Current Dollars 1
[Billions of dollars, seasonally adjusted, at annual rates]
Goods output
Total
GNP

Final sales Inventory
change

Total

1947
I .
II
III
IV
Total.._1948
I
._
II
III
IV
Total. .._
1949
I
II
III
IV
Total
1950
I.
II
III ... .
IV
Total
1951
I
II
III
IV
Total
1952
I
II . _
III
IV
Total
1953
I
II
III
IV
Total
1954
I
II
III
IV
Total
1955
I
II
III
IV
Total
195G
I
II
III
IV
Total
1957
I
II
III
IV
Total
1958
I
II
III
IV
Total____
1959
I
II
III
IV
Total....
1960
I
II
III
IV
Total. ...

Final sales

226.0
230.0
235.6
245.1
234.3

225. 5
231.0
238.3
243. 7
234.8

0.4
-1.0
-2.7
1.4
-.5

139.0
141.6
144.5
150.1
143.8

138.6
142.6
147.2

249.5
257.7
264.0
265.9
259.4

246.2
252.6
258.0
261.6
254.7

3.3
5.1
6.1
4.3
4.7

259.8
256.4
258.8
257.0
258.1

259.8
261.7
260.4
262.3
261.1

265. 8
274.4
293.2
304.3
284.6

Inventory
change

Durable goods
Total

Final sales

Nondurable goods
Inventory
change

Total

Construction

Final sales Inventory
change

148.7
144.3

0.4
-1.0
-2.7
1.4
-.5

46.8
50.4
48.3
47.4

43.4
45.3
47.2
48.2
46.0

1.9
1.6
3.2
.1
1.4

93.7
94.7
94.0
101.8

95.1
97.3
100.0
100.5

96.4

152. 7
156.4
159.7
159.4
157.0

149.4
151.3
153.6
155.0
152.3

3.3
5.1
6.1
4.3
4.7

47.8
48.7
50.4
51.5
49.8

47.4
48.2
49.5
50.4
48.9

.4
.5
1.0
1.1
.9

.0
-5.3
1 7
-5.3
-3.1

153.2
149.3
149.3
145.4
149. 3

153.2
154.6
151.0
150.7
152.4

.0
-5.3
-1.7
-5.3
-3.1

48.9
46.6
50.6
45.2
47.9

48.4
50.9
50.6
49.8
49.9

263.3
269.5
288.2
289.3
277.8

2.5
4.9
4.9
15.0
6.8

150.7
156.5
170.1
177.2
163.6

148.2
151.6
165.1
162.2
156.8

2.5
4.9
4.9
15.0
6.8

48.8
56.2
66.5
71.7
60.7

317.8
326.4
333.8
338.1
329.0

307.3
311.2
323. 6
333.2
318.7

10.5
15.2
10.2
4.9
10.2

186.3
190.4
194.3
196.3
191.8

175.8
175.1
184.0
191.4
181.6

10.5
15.2
10.2
4.9
10.2

341.0
341.3
347.0
358.6
347.0

335. 9
343. 5
342.7
353.3
343. 9

5.1
-2.2
4.3
5.3
3.1

195.8
193.3
197.3
206. 8
198.2

190.7
195.5
193.0
201.5
195.2

364.5
368.8
367.1
361.0
365.4

361. 9
365.7
366. 4
365. 6
364.9

2.5
3.1
.7
-4.6
.4

208.8
210.6
207.6
200.3
206.9

360.0
358. 9
362. 0
370.8
363.1

362.7
361. 5
364. 2
370.0
364.8

-2.6
-2.7
-2.1
.8
-1.6

384.3
393.0
403.4
408.9
397.5

379.8
386.9
397.8
402.1
391.7

410. 6
415.0
421. 0
430.0
419.2

45.3

Services

98.2

-1.5
-2.6
-6.0
1.2
-1.8

70.4
71.4
72.1
73.3
71.8

16.5
17.0
19.0
21.8
18.7

104.9
107.6
109.2
107.8
107.2

102.0
103.1
104.1
104.6
103.4

2.9
4.6
5.1
3.2
3.8

74.5
77.1
79.2
81.8
78.1

22.4
24.3
25.2
24.7
24.3

.5
-4.3
-.1
-4.6
-2.1

104.3
102.7
98.7
100.2
101.5

104.8
103.7
100.4
100.9
102.4

-.5
-1.0
-1.6
-.7
-1.0

82.1
82.6
84.4
85.0
83.5

24.5
24.5
25.1
26.6
25.2

49.4
52.6
64.0
60.9
56.7

-.7
3. 6
2.5
10.8
4.0

102.0
100.2
103.6
105.5
102.9

98.8
99.0
101.2
101.3
100.1

3.2
1.2
2.5
4.2
2.8

86.8
87.5
90.5
94.3
89.8

28.3
30.4
32.6
32.9
31.2

70.8
74.9
77.3
74.8
74.4

65.8
64.3
68.5
71.4
67.5

5.0
10.6
8.8
3.4
6.9

115.5
115.5
117.0
121.5
117.4

110.0
110.8
115. 5
120.0
114.1

5.5
4.7
1.4
1.5
3.3

97.4
101.7
105. 4
107.4
102.9

34.1
34.4
34.2
34.4
34.2

5.1
-2.2
4.3
5.3
3.1

75.3
74.1
71.7
81.5
75.6

72.2
75.9
71.2
78.6
74.5

3.1
-1.8
.5
2.8
1.2

120.6
119.2
125.6
125.3
122.6

118.6
119.5
121.8
122.8
120.7

2.0
-.3
3.8
2.5
1.9

109.7
111.8
113.2
114.6
112.3

35.5
36.3
36.4
37.2
36.4

206.3
207.4
206.9
204.9
206.4

2.5
3.1
.7
-4.6
.4

82.2
81.8
82.4
72.7
79.8

78.8
79.7
80. 1
77.0
78.9

3.4
2.1
2.4
-4.3
.9

126.6
128.8
125.2
127.6
127.0

127.4
127. 8
126.9
127.9
127.5

-.8
1.0
-1.7
-.4
-.5

117.0
119.3
120. 5
121.4
119.5

38.6
38.9
39.0
39.3
39.0

198.5
195.0
195.2
200.7
197.4

201.2
197.7
197.3
199.9
199.0

-2.6
-2.7
-2.1
.8
-1.6

72.3
70.4
70.0
73.4
71.6

75.8
74.3
72.6
73.5
74.1

-3.5
-3.9
-2.5
j
-2.5

126.2
124.6
125.2
127.3
125.9

125.3
123.4
124.8
126.4
125.0

.9
1.2
.4
.9
.9

121.8
123.2
124.7
126.5
124.1

39.7
40.6
42.1
43.6
41.6

4.4
6.1
5.7
6.7
5.8

208.4
214.0
221.1
225. 0
217.2

204. 0
207. 9
215.4
218.3
211.4

4.4
6.1
5.7
6.7
5.8

79.7
83.6
86.1
87.8
84.3

77.8
79.4
83.7
84. 1
81.3

1.9
4.2
2.4
3.7
3.0

128.7
130. 5
135. 0
137.2
132.9

126. 2
128.5
131.7
134.2
130.2

2.5
1.9
3.3
3.0
2.7

130.0
132.0
135.0
136. 5
133.4

45.8
46.9
47.3
47.3
46.9

404.4
410. 5
417.1
426.0
414.5

6.2
4.4
4.0
4.0
4.7

225.0
225.9
226. 9
232. 6
227.6

218.8
221.5
223.0
228.7
223.0

6.2
4.4
4.0
4.0
4.7

90. 1
88.1
87.7
92.4
89.6

85.1
85.7
86.8
89.3
86.7

5. 1
2.4
.8
3.0
2.8

134. 9
137.8
139.3
140.3
138.1

133. 7
135. 8
136. 1
139. 3
136.2

1.2
2 0
3.1
1.0
1.8

138.6
140.7
145.4
148.7
143.3

47.0
48.3
48.7
48.6
48.2

438.5
442.1
448.3
442.3
442 8

436. 2
439.4
445.8
443. 5
441.2

2.3
2. 7
2.5
-1.2
1.6

238. 7
239.1
241.3
233. 7
238.2

236. 4
236.4
238.8
234. 9
236.6

2.3
2.7
2.5
-1.2
1.6

94.8
96.5
97.1
89.5
94.5

93.4
94.2
94.7
91.4
93.4

1.4
2.3
2.4
-1.9
1.0

143.9
142.6
144.2
144.2
143.7

143. 0
142.2
144.1
143.5
143. 2

.9
.4
.1
.7
.5

150.1
153.1
156.9
157.9
154.5

49.7
49.9
50.1
50.6
50.1

432.9
437.2
447.0
460.6
444.5

438. 4
441.2
448.6
457.3
446.5

-5.5
4 0
-1.6
3.3
-2.0

224.4
225.5
230.2
237.5
229.4

229.9
229.5
231.9
234.3
231.4

-5.5
-4.0
-1.6
3.3
-2.0

78.3
78.3
79.7
85.4
80.4

85.0
82.3
81.8
84.0
83.3

-6.7
-4.0
-2.0
1.4
-2.8

146.1
147.1
150.5
152.1
149.0

144.9
147.2
150. 1
150.2
148.1

1.2
-.0
.4
1.9
.9

158.7
162.6
166.0
169.6
164.2

49.8
49.2
50.8
53.5
50.9

472.2
488.5
482.3
488.3
482.8

465.2
476.8
481.6
482.7
476.5

7. 1
11.7
5^6
6.3

245.4
256.2
247.8
251.7
250.3

238.3
244.6
247.1
246. 1
244.0

7.1
11.7
.7
5.6
6.3

93.5
101.1
91.6
93.4
94.9

88.1
92.4
93.6
90.9
91.3

5.4
8. 8
-2.0
2.4
3.6

151.9
155. 1
156.2
158. 3
155.4

150.2
152.2
153.5
155. 1
152.8

1.7
2.9
2.7
3.2
2.6

170.7
174.2
177.6
182.2
176.2

56.2
58.1
56.9
54.4
56.3

501.5
506.4
505.1
504.5
504.4

490.5
501.0
502. 7
506.4
500.2

10.9
5.4
2.4
-1.9
4.2

261.8
262.3
257.2
252.8
258.5

250. 9
256.9
254.8
254.6
254.3

10.9
5.4
2.4
-1.9
4.2

102.5
100.2
94.6
89.5
96.7

93.1
96.3
94.2
93.4
94.3

9.4
3.9
.4
-3.8
2.5

159.3
162.1
162.6
163.2
161.8

157. 8
160.6
160.6
161.3
160.0

1.5
1.5
2.0
2.0
1.8

183.8
187.7
191.2
194. 6
189.3

55.8
56.4
56.7
57.2
56.6

1. For additional annual detail see table 66, p. 31.


34


Table 77.—Gross National Product by Major Type of Product, in Constant Dollars

1

[Billions of 1954 dollars, seasonally adjusted, at annual rates]
Goods output
Total
GNP

Final sales Inventory
change

Total

1947
I
II
III
IV
Total
1948
I
II
III
IV
Total
1949
I
II
III
IV
Total
1950
I
II
III
IV
Total___
1951
I
II
III
IV
Total
1952
I
II
III
IV
Total
1953
I
II .
III
IV
Total
1954
I...
II
III
IV
Total
1955
I
II
III
IV
Total
1956
I
II
III _
IV
Total
1957
I
II
III
IV
Total
1958
I
II
III
IV
TotaL.._
1959
I
II. _ _ _
III
IV
TotaL _ _ _
1960
I
11
III
IV
TotaL.__

Final sales

Inventory
change

Durable goods
Total

Final sales

Nondurable goods
Inventory
change

Total

Services

Construction

Final sales Inventory
change

-1.5
-2.4
-6.3
1.6
-1.6

94.2
94.5
95.3
94.9

107.5

108.3
109.9
110.6
107.9
109.2

94.7

22.9
22.5
24.4
27.0
24.3

.2
.7
1.2
1.3
.8

110.4
112.5
113.2
113.3
112.3

107.9
108.3
108.6
110.5
108.8

2.5
4.3
4.7
2.8
3.5

95.0
96.8
97.6
99.6
97.2

26.9
28.5
28.9
28.2
28.2

52.0
54.9
55.5
54.7
54.3

.4
-4.8
-.2
-5.2
-2.4

111.6
111.4
108.4
110.5
110.5

112.5
112.5
110.2
111.4
111.6

-.9
-1.2
-1.8
-.8
-1.2

99.4
100.3
101.8
101.2
100.7

28.1
28.5
30.1
31.8
29.7

53.8
62.0
71.3
74.9
65.3

54.5
57.8
68.5
63.4
61.0

-.8
4.2
2.8
11.6
4.3

113.0
111:1
112.6
111.9
112.3

109.5
109.9
110.2
108.0
109.4

3.4
1.2
2.4
3.9
2.9

102.7
103.7
105. 4
108. 4
105.0

33.3
35.2
36.2
36.3
35.4

10.0
14.5
9.8
4.5
9.7

71.5
75.3
77.4
74.1
74.6

66.3
64.5
68.2
70.5
67.4

5.2
10.8
9.2
3.6
7.1

115.7
114.8
117.3
120.4
117.1

110.9
111. 1
116.6
119.4
114.5

4.8
3.6
.6
.9
2.6

110.2
113.7
116.0
116.8
114.2

36.6
36.2
35.8
35.6
36.0

189.8
195.0
192.2
199. 6
194.2

4.6
-2.7
3. 8
4.9
2.6

75.0
73.7
71.0
80.6
75.1

71.7
75.5
70.5
77.8
73.9

3.3
-1.8
.5
2.8
1.2

119.4
118.6
124.9
123.9
121.8

118.1
119.5
121.7
121.8
120. 3

1.3
-.9
3.2
2.1
1.5

118.9
120.1
119.9
120.3
119.8

36.3
36.9
36. 8
37.5
36.9

208.6
211.7
208.5
202.1
207.7

206. 1
208.5
207.8
206.6
207.2

2.6
3.2
.7
-4.6
.5

82.7
83.0
83.3
74.4
80.8

79.2
80.7
80.9
78.7
79.8

3.5
2.2
2.4
-4.2
1.0

125.9
128.7
125.2
127. 6
126.9

126. 9
127.7
126. 9
128.0
127.4

-1.0
1.0
j 7
-!3

121.5
122.9
123.0
122.7
122.5

38.8
38.7
38.7
39. 1
38.8

-2.5
-2.9
-2.0
.8
-1.6

197.8
194.9
195.7
201. 1
197.4

200.4
197.8
197.7
200.3
199.0

-2.5
-2.9
-2.0
.8
-1.6

72.3
70. 5
70.2
73.1
71.6

75.8
74.5
72.6
73.3
74.1

-3.5
-4.0
-2.5
-.2
-2.5

125. 5
124.4
125. 6
123.0
125. 9

124. 6
123.2
125. 1
127.0
125.0

.9
1.2
.5
1.0
.9

122.7
123.8
124.2
125. 5
124.1

39.9
40.7
42.1
43.5
41.6

377.5
383.0
391.5
394.0
386.6

4.7
6.5
6.0
7.1
6.1

208.1
214.4
220.8
224.2
216.9

203.4
207.8
214.8
217.1
210.8

4.7
6.5
6.0
7.1
6.1

78.7
82.9
84.8
85.9
83.1

76.8
78.7
82.6
82.4
80.1

1.9
4.2
2.2
3.5
3.9

129.4
131.4
136.0
138.3
133.8

126. 6
129.1
132.2
134.7
130.7

2.8
2.4
3.8
3.6
3.1

128.8
129.2
131.0
131.6
130.2

45.3
45.9
45.7
45.3
45.6

398.8
398.9
400.2
405.5
400.9

393.0
394.8
396.2
401.5
396.4

•5.8
4.1
3.9
4.0
4.5

222.1
220.9
219.5
223.2
221.4

216.3
216.8
215. 6
219.2
217.0

5.8
4.1
3.9
4.0
4.5

87.1
84.3
82.7
85.6
84.9

82.3
82.0
81.9
82.8
82.3

4.8
2.3
.8
2.8
2.7

134.9
136.6
136.9
137.6
136.5

134.0
134.8
133.7
136.4
134.7

.9
1.8
3.2
1.2
1.8

132.8
133.7
136.6
138.8
135.5

43.9
44.3
44.0
43.5
43.9

409.6
410.0
411.0
403.8
408.6

407.1
407.2
408.7
404.8
406.9

2.5
2.8
2.3
-1.0
1.6

226.5
225. 2
224.6
217.2
223.4

224.0
222.4
222.3
218.2
221.7

2.5
2.8
2.3
-1.0
1.6

86.6
87.6
87.3
80.3
85.5

85.4
85.5
85.2
81.9
84.5

1.2
2.0
2.2
-1.6
1.0

139. 8
137.6
137.2
136. 9
137.9

138.5
136.9
137.1
136.3
137.2

1.3
.7
.1
.6
.7

138.9
140.8
142.7
142.4
141.2

44.2
43.9
43.8
44.2
44.0

393.0
395.2
402.9
413.6
401.3

397.6
398.6
404.2
410.4
402.8

-4.6
3 4
-1.3
3.1
-1.5

207.2
207.6
212.4
218.8
211.5

211.8
211.0
213.7
215. 7
213.1

-4.6
-3.4
-1.3
3.1
-1.5

70.2
70.1
71.0
75.6
71.7

75.9
73.5
72.7
74.3
74.1

-5.7
-3.3
-1.7
1.2
-2.4

137.0
137. 5
141.4
143.2
139.8

135. 9
137.6
141.0
141.3
139.0

1.1
—.1
.4
1.9
.8

142.0
144.4
146.2
148.4
145.2

43.8
43.1
44.3
46.4
44.5

422.1
434.4
426.6
430.7
428.4

416.0
424.3
425.8
425.6
422.9

6.2
10.1
.8
5.0
5.5

224.9
234.0
226.0
229.4
228.6

218.7
223. 9
225.1
224.4
223. 1

6.2
10.1
.8
5.0
5.5

82.1
88.2
79.6
81.6
82.9

77.5
80.7
81.3
79.6
79.8

4.6
7.5
-1.7
2.0
3.1

142.8
145.8
146.4
147.8
145.7

141.3
143.2
143.9
144.8
143.3

1.5
2.6
2.5
3.0
2.4

148.7
150.5
152.3
155. 2
151.7

48.5
49.9
48.4
46.0
48.1

441.0
443.4
440.2
438. 4
440.8

431.1
438.5
437.9
439. 5
436.8

9.9
4.9
2.3
-1.1
4.0

238.3
237.9
233.3
228.9
234.6

228.4
233. 0
231.1
230.0
230.6

9.9
4.9
2.3
-1.1
4.0

89.7
87.4
82.5
79.0
84.7

81.4
83.9
82.1
82.0
82.4

8.3
3.5
.4
-3.0
2.3

148.7
150.6
150.8
149.8
150.0

147.0
149.1
148.9
148.0
148. 3

1.6
1.5
1.9
1.9
1.7

155.6
158. 0
159. 4
161.6
15S. 7

47.1
47.4
47.4
47.9
47.5

55.8
55.8

52.4
54.0
55.2
55.4
54.3

2.1
1.9
3.8
.3
1.5

106.8
107.5
104.2
109.5

2.7
4.9
5.8
4.1
4.4

54.1
55.5
55.8
56.2
55.4

53.9
54. 8
54.7
54.9
54.6

*

-Q.Q
-2.0
-6.0
-3.6

52.5
50.0
55.3
49.5
51.9

164.1
167.7
178.7
171.4
170.4

2.7
5.4
5.2
15.5
7.2

187.2
190.1
194.6
194.5
191.7

177.2
175. 6
184.8
190.0
182.0

4.6
-2.7
3.8
4.9
2.6

194.4
192.3
196.0
204.5
196.8

366.4
370.0
369. 4
368.5
368.5

2.6
3.2
.7
-4.6
.5

360.4
359. 4
362. 1
370.1
363.1

362.9
362.3
364.1
369. 2
364.8

382.2
389.5
397.5
401.1
392.7

278.4
280.4
282.9
287.2
282.3

277.8
280.9
285.4
285.2
282.4

0.6
-.5
-2.5
2.0
-.1

161.3
163.4
163.2
165.3
163.3

160.7
163.9
165.7
163.3
163.4

0.6
-.5
-2.5
2.0
-.1

54.5
55.9
59.0

286.4
293.3
295. 6
297.3
293.1

283.7
288.4
289.8
293.2
288.7

2.7
4.9
5.8
4.1
4.4

164.5
168.0
169.1
169.4
167.7

161.8
163.1
163.3
165.4
163.4

291.5
290.3
295.6
293. 0
292.7

292.0
296.3
297.6
299.1
296.3

-.4
-6.0
-2.0
-6.0
-3.6

164.0
161.4
163.7
160.0
162.3

164.5
167. 4
165. 7
166. 0
165.9

302.7
312.0
325.6
331.6
318.1

300.0
306.6
320.4
316. 1
310.9

2.7
5.4
5.2
15.5
7.2

166. 7
173. 1
183.9
186. 9
177.6

334.0
340.0
316. 3
346. 9
341.8

324.0
325.6
336.5
342. 4
332.1

10.0
14.5
9.8
4.5
9.7

349. 6
349.3
352.6
362.3
353.5

345. 0
352.0
348.9
357.4
350.9

368. 9
373.2
370.2
363.9
369.0

1. For additiona.1 annual detail see table 66, p. 31.




35

r BUSINESS STATISTICS
X HE STATISTICS here are a continuation of the data published in the 1959 edition of BUSINESS STATISTICS, biennial Statistical Supplement
to the SURVEY OF CURRENT BUSINESS. That volume (price $2.25) contains monthly (or quarterly) data for the years 1955 through 1958 and
monthly averages for all years back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly
figures prior to 1955. Series added or significantly revised since publication of the 1959 BUSINESS STATISTICS are indicated by an asterisk (*) and a
dagger (f), respectively; certain revisions for 1958 issued too late for inclusion in the aforementioned volume appear in the monthly SURVEY
beginning with the July 1959 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal
variation.
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.
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1961

1960

May

June

July

August Septem- October
ber

Novem- December
ber

January

February

March

April

May

June

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT f
Seasonally adjusted quarterly totals at annual rates: t
National income total
bil of dol
Compensation of employees total

do

Private
Military
Government civilian

do
do
do

Proprietors' income totaled
Business and professional c^
Farm
Rentil income of persons
(Corporate profits and inventory valuation
ment total
bil.
Corporate profits before tix total
Corporate profits tax liability
Corporate profits after tax

do
do
do
do
adjustof dol
do
do
do

' 419. 2

' 419. 0

' 416. 5

412.2

' 294. 6
' 272. 4
r 224. 6
'9.8
'38.0
r
22 2

' 296. 0
' 273. 2
' 224. 2
'9.9
39.1
22.7

' 294. 0
' 271. 3
' 221. 6
10.0
39.7
22.7

' 292. 6
' 270. 1
' 219. 7
'10.1
'40.3
r
22.5

'48.6
'36.4
f 12.3
'11.7

48.7
36.3
12.4
11.7

49.0
36.3
12.7
11.7

'48.9
' 36. 0
' 12. 9
'11.5

'45.9
'46.3
'23.0
'23.3
-.4

44.1
43.2
21.4
21.7
'.9

42.9
42.6
21.1
21.4
'.3

40.0
39.6
19.6
20.0
.4

r

' 18.6

' 18.9

' 19.2

do

' 506. 4

' 505. 1

' 504. 5

' 500. 8

do
do
do
do

' r329. 9
45. 3
' 153. 3
' 131. 2

' 329. 7
' 43.4
152.7
' 133. 6

' r332. 3
43 8
' 153. 1
' 135. 4

T r330. 7
39 4
r
153.7
' 137. 5

Gross private domestic investment, total. -_do __
New construction
do
Producers' durable equipment. ._
do _ _
Change in business inventories
do

'74.6
40.7
'28.6
'5.4

'70.5
'40.4
'27.7
'2.4

' 65.6
' 40.7
'26.7
' —1.9

Net exports of goods and services
do-_ _
Exports
do
Imports
-_
do
Government purchases of goods and services, total
bil. of dol- Federal (less Government sales)
do
National defense 9
do
State and local
-do

'2.3
'26.7
24.4

'3.0
'26.8
'23.8

' 5.1
'27 6
22.4

5.3
' 27 6
' 22.3

'99.6
'52.9
'45.5
'46.8

'101.9
' 54.0
' 45.4
48.0

' 101.6
' 53 0
45 7
'48.6

' 105. 0
54 7
47 2
' 50 3

' 403. 1
'50.5
' 352. 7

' 405. 1
' 50. 8
' 354. 4

' 405. 4
' 50.5
' 354. 9

' 404. 7
50.3
' 354 3

_do

'22.8

'24.6

'22.7

'23.7

bil. ofdol..

Gross national product, total
Personal consumption expenditures, total
Durable goods
Nondurable goods
Services
-- --

Personal income, total
do
Less: Personal tax and nontax payments. _ ..do. .
Equals 1 Disposable personal income.
do _.
Personal saving§

18.3

r

' 59.8
' 39.6
' 24. 2
—4.0

GNP in constant (1954) dollars
Gross national product, total-- ._

' 443. 4

' 440. 2

' 438 4

' 433. 2

Personal consumption expenditures, total. _ _ do
Durable goods
do
Nondurable goods
do
Services
do

' 299. 5
'42.5
' 142. 9
' 114.2

' 298. 6
' 40.8
' 142. 0
'115.8

' 299. 6
' 41 6
141 3
' 116. 6

' 297. 0
' 37 6
' 117.8

Gross private domestic investment, total, .do
New construction. __
do
Producers' durable equipment
do
Change in business inventories. _.
.do

'62.3
'33.9
'23.4
'4.9

58.6
33.6
'22.7
'2.3

54.9
' 33 9
'22.1
' —1 1

' 49.6
'32 9
' 19.9
' —3 2

'1.0

'1.6

'35

'80.6
'42.7
'37.8

'81.3
'42.9
'38.4

Net exports of goods and services

do

Government purchases of goods and services, total
bil. of dol. .
Federal
do
State and local
_
...do

r 141 Q

'3 3

83 3
'80.3
r 43 i
'41 6
'38.7
'40.2
' Revised.
fRevised series. Estimates of national income and product and personal income have been revised back to 1957; revisions prior to the 2d quarter I960 (and prior to May 1960
for personal income) appear on p. 6 ff. of this issue of the SURVEY.
cf Includes inventory valuation adjustment.
9 Government sales are not deducted.
§Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.




S-l

SURVEY OF CURRENT BUSINESS

S-2

Julv 1961

1960

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

May

June

July

August

1961

Septem- October Novem- December
ber
ber

January

February

March

April

May

June

GENERAL BUSINESS INDICATORS—Continued
PERSONAL INCOME, BY SOURCE I
Seasonally adjusted, at annual rates :\
Total personal income

bil of dol

Wage and salary disbursements, total
do
Commodity-producing industries, total
do
Manufacturing only
_ do
Distributive industries
do
Service industries
do
Government
do
Other labor income
do_ _
Proprietors' income:
Business and professional
do
Farm
do
Rental income of persons
do
Dividends
do
Personal interest income
do
Transfer payments
do
Less personal contributions for social insur-- -do
Tot n l nonagricultural income

do

r 403. 6

- 404. 4

- 404. 7

- 405. 2

- 405. 5

- 406. 4

- 406. 0

- 404. 0

- 403. 6

- 403. 1

- i 405. 5
- 407. 3

- 409. 8

-413.2

416.7

- 272. 8
- 112. 2
- 88. 9
-72.2
•^ 40. 5
'47.9
'10.8

- 273. 2
- 111.7
-88.6
- 72. 6
-40.9
- 48. 0
- 10.8

- 273. 6
- 111.3
- 88. 0
- 72 6
-41.1
- 48. 6
-10.9

- 273. 2
- 110.2
-86.9
-72.6
-41.2
- 49. 1
- 10.9

- 273. 0
- 110.0
- 86. 7
- 72. 3
-41.3
-49.4
- 10.9

- 272. 9
- 109. 5
- 86. 3
-72.4
-41.4
- 49. 6
- 11.1

- 271. 5
- 108. 3
- 85. 4
- 72. 0
- 41. 5
-49.7
-11.2

- 269. 6
- 106. 2
- 84. 0
-71.8
-41.7
49.8
- 11.3

- 269 6
- 106. 2
- 83. 8
-71.8
- 41. 6
50. 0
11.0

- 269. 5
- 105. 6
- 83. 5
-71.8
-41.7
- 50. 4
-10.7

- 271. 1
- 106. 5
-84.1
-71.8
-42.1
- 50. 7
- 10. 6

- 274. 6
- 109. 1
-86.1
r
72. 3
-42.3
- 51.0
- 10.7

- 277. 2
- 110.5
-87.6
-72.9
- 42. 5
- 51. 3
-10.8

280. 0
112.4
88.9
73.3
42.8
51.6
11.0

r 36. 4

- 12. 4

- 36. 4
- 12. 7

- 36. 3
-12.3

- 36. 3
- 12 4

-36.3
- 12 4

- 36. 4
- 12 5

-36.4
-12.8

- 36. 0
- 12.8

- 36. 0
- 12.8

- 35. 8
- 12.9

- 36. 0
13.0

-36.1
12.9

- 36. 3
- 12.9

36.4
13.0

-11.7
14. 0
-26.1
- 28. 5
9.3

- 11. 7
- 14.0
r
26. 2
- 28. 7
9.3

- 11.7
-14.0
- 26. 3
-28.8
9.3

- 11.7
- 14.1
- 26. 4
-29.3
-9.3

-

- 11.7
14.4
- 26. 6
-30.2
9.3

-11.7
- 14.4
- 26 7
- 30. 7
-9.3

- 11.6
- 14. 1
-26.7
-31.0
9.2

- 11.6
- 14.2
- 26. 8
-31.1
-9.6

- 11.5
-14.2
- 26. 8
31.1
9.4

11.4
-14.2
- 26. 8
rl
33. 7
-9.6

-11.5
-14.2
- 26. 8
-32.5
-9.6

- 11.5
-14.2
- 27.0
-33.0
-9.7

11.5
14.2
27. 1
33.1
9.7

387 6

- 3«8 3

- 388 7

- 389. 8

- 389. 1

- 387. 2

- 386. 8

- 392. 9

- 396. 4

399. 6

r

r 3$7 i

r

11.7
14. 3
26. 6
29.8
-9.4

- 389 0

r

- 386. 2 ' l 390. 4

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals:
All industries

9.28

8.98

9 53

7 57

2 8. 72

38.70

Manufacturing
Durable goods industries
Nondurable goods industries

do
do
do

3.76
1.88
1.88

3.62
1.80
1.81

4.01
1 95
2 06

3.00
1.41
1.59

3.51
1.62
1.89

3.48
1.58
1.91

TVTining
Railroads
Transportation other than rail
Public utilities '
Commercial and other

do
do
do
do
do

.27
.29
55

94
95

21

1.42
2.99

.25
.24
47
1. 50
2.91

.46
1 58
2 99

1 09
2 69

.26
.20
.49
1.45
9
81

.26
.16
.45
1.65
2. 68

36.30

35. 90

35 50

33.85

33. 85

3 34. 60

14 70
7.40
7.30

14. 65
7. 35
7.30

14.40
6 85
7 55

13 75
6 50
7 25

13 65
6. 30
7.35

14. 05
6.40
7.70

1.05
1. 10
2.15
5.70
11. 60

1.00
1.00
1.90
5. 60
11 75

1 00
1.80
5. 70
11 65

95
70

1.00
.75
1.85
5.75
10.90

1.05
.65
1.85
6.15
10.80

bil of dol

Seasonally adjusted quarterly totals at annual rates:
All industries
bil of dol
Durable goods industries
Nondurable foods industries

do
do

Mining
Railroads
Transportation other than rail
Public utilities

do
do
do
do

17
41

QO

2

1 75
5 35
11 30

FARM INCOME AND MARKETINGS^
Cash receipts from farming, in eluding Government
payments total
mil. of dol

- 2, 336

- 2, 513

- 2, 802

- 3, 023

- 3, 375

- 4, 336

- 3, 847

- 3, 268

- 3, 123

- 2, 272

- 2, 278

- 2, 171

2,478

Farm marketings and CCC loans, total _. _ _ do. _ - -2,318
-667
Crops
do
' 1,651
Livestock and products, tota!9
do
431
Dairy products
do
-934
Meat animals
_
do _
265
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
-95
All commodities __ _ . _
__ ... 1947-49=100-62
Crops
do
-121
Livestock and products
do
Indexes of volume of farm marketings, unadjusted:
-105
All commodities
] 947- 49 = 100- 58
Crops
do
-140
Livestock and products
_ - _do_ _ -

- 2, 489
-952
-1,537
-409
-847
-254

- 2, 738
-1,316
-1,422
-389
- 759
-250

- 2. 992
-1,397
-1,595
-379
-902
-282

- 3, 353
-1,715
1,638
-379
-926
-298

- 4, 036
-2,181
-1,855
-393
-1,100
-339

- 3. 767
- 2, 073
-1.694
-379
-964
-338

- 3, 221
-1,624
-1,597
403
-854
-316

- 3, 077
- 1, 448
- 1, 629
-409
938
247

- 2, 250
- 788
-1,462
-377
819
238

- 2, 259
-607
-1,652
-424
-924
279

- 2, 137
618
- 1, 519
417
-823
249

2, 236
615
1, 621
448
897
256

-102
-89
-113

-112
-123
-104

123
-130
-117

138
-160
120

-166
-203
-136

-155
-193
-124

-132
-151
117

126
-135
-120

-92
-74
107

93
- 57
-121

88
58
111

92
57
119

-118
-96
-134

-132
-143
-124

143
-148
-140

-156
-174
142

-191
-236
-156

-176
-222
-142

-146
-168
-130

-145
-163
131

-102
-81
118

-103
57
••137

97
53
130

105
53
144

INDUSTRIAL PRODUCTION t
Revised Federal Reserve Index of Quantity Output
Unadjusted, total index (including utilities)!
1957=100.By industry:
Manufacturing, total
do
Durable manufactures
do
Nondurable manufactures _ _ _
__
do
Mining
do
Utilities
do
By market grouping:
Final products, total
Consumer goods _ _
Automotive and home goods
Apparel and staples,.
Equipment, including defense

do
do
do
do_ _
do

109

109

103

107

108

no

106

101

102

103

104

- 107

108

p 110

110
107
115
97

no

106
116
98

103
99
109
94

106
98
117
98

108
102
117
98

110
103
119
98

106
100
114
97

100
96
106
97

101
95
109
97

102
96
111
97

103
97
112
96

106
100
-115
-97

108
103
- 116
98

p 110
p 105
p 117
p98

111
115
120
113
105

112
116
121
115
104

107
110
104
112
102

111
115
99
121
101

112
117
110
119
102

114
121
123
120
101

110
115
117
114
100

106
108
108
108
101

106
109
101
112
101

108
111
104
114
101

107
111
104
113
101

-110
113
112
114
102

110
114
113
114
102

P 112
p 117
p 117
P117
P 103

107
Materials _
do
108
105
100
104
102
98
105
99
98
101
104
- 106
M08
104
105
96
Durable goods materials
do
97
100
99
95
90
91
90
90
96
101
p 105
111
111
104
Nondurable materials
do
110
110
112
108
111
110
106
109
112
-112
pU2
r
Revised.
p Preliminary.
1 Italicized total e^(eludes st epped-up rate of N ational S<jrvice Lift, Insurance dividend paymen ts; total d isburseme nts of $15 0 million inultipliec by 12 (to
put on annual rate basis) amounted to $1 .8 billion. Figu res for tra asfer payraents and total nomigricultur al income reflecting similar e?c elusion ai^e$31.9bi .lion and $388.6 bill ion.
2 Estimates
for April-June 1961 based on anticipated capital expend itures of I)usiness.
3 Estinlates for J uly-Septe mber 1961 based on anticipat ed capital expenditiires of bus iness. A nticipatec1 expenditures for the vear 1961 . and pnmnarativp data, for IQRQ-fif \ arvnpar ivn r> 8 nf HIP T n n p Qfil STTT?V T? V
tSee note marked "t" on page S-l.
cfRevised beginning 1958; revisions prior to May 1960 will be shown later.
9 Includes data not shown separately.
tRevised series. For figures back to January 1955 for total and summary groups (seasonally adjusted), see p. 6 of the January 1960 SURVEY; for other information and earlier figures back
to 1947 (1919 for total industrial production, including utilities), see the December 1959 Federal Peserve Bulletin and the separate Federal Reserve publication, "Industrial Production: 1959
Revision" (available from the Board of Governors of the Federal Reserve System).




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