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SURVEY OF CURRENT BUSINESS May 1966 NATIONAL INCOME AND PRODUCT TABLES Table 1.—-Gross National Product in Current and Constant Dollars 1965 1963 1964 1966 III 1965 IV 1965 1963 1964 1965 Seasonally adjusted at annual rates Gross national product Durable goods _. Nondurable goods. Services _. Gross private domestic investment- Fixed investment . Nonresidential Structures Producers' durable equipmentResidential structures Nonfarm Farm _. Change in business inventories Nonfarm Farm Net exports of goods and services.. Exports ____. Imports Govermeil t purchases of goods and ser vices . Federal...!'-:: National defense Other State and local :__ Addendum: Implicit price deflator for seasonally adjusted GNP, 1958=100. III IV I Seasonally adjusted at annual rates Billions of 1958 dollars Billions of current dollars Personal consumption expenditures.. 1966 II 589.2 628.7 676.3 657.6 668.8 681.5 697.2 713.9 550.0 577.6 609.6 597.7 603.5 613.0 624.4 633.6 373.8 398.9 428.7 416.9 424.5 432.5 441.0 451.8 352.4 372.1 394.2 386.1 390.5 396.9 403.3 409.9 53.4 168.0 152.3 58. 7 177.5 162.6 65.0 189.0 174.7 64.6 182.8 169.5 63.5 187.9 173.1 65.4 190.5 176.7 66.4 195.0 179.6 68.7 200.1 183.0 53.2 161.8 137.3 58.5 169.4 144.2 65.6 177.1 151.5 64.5 173.2 148.4 63.4 176.4 150.7 66.4 177.8 152.7 67.9 181.0 154.4 70.7 182.9 156.3 86.9 92.9 105.7 103.4 102.8 106.2 110.3 111.7 82.3 86.3 96.8 95.4 94.2 96.9 100.5 100.9 81.2 54.3 19.7 34.6 26.9 26.3 .6 5.7 4.9 88.1 60.5 21.1 39.4 27.5 27.0 97.4 69.8 24.3 45.5 27.6 27.1 94.6 66.9 23.2 43.7 27.7 27.1f< 96.4 68.4 24.5 43.9 28.0 27.5 98.6 70.9 24.2 46.7 27.7 27.1 100.2 73.0 25.4 47.6 27.2 26.7 8.2 7.9 .3 8.8 9.2 -.4 6.4 6.6 7.6 7.0 .6 10.1 8.9 1.2 76.6 51.9 18.0 33.8 24.7 24.1 .5 5.7 4.9 81.7 57.1 18.9 38.3 24.6 24.0 .5 4.6 5.1 -•5 65.0 21.2 43.8 23.9 23.3 .5 7.9 7.6 .3 62.5 20.3 42.2 24.3 23.8 .5 8.6 9.0 88.1 63.7 21.4 42.3 24.4 23.9 .5 6.2 6.4 -.2 89.7 66.0 21.0 45.0 23.7 23.2 .5 7.2 90.7 67.6 4.8 5.4 -.6 103.6 75.5 26.9 48.5 28.2 27.6 .5 8.1 7.4 .7 21.9 45.7 23.1 22.6 .5 9.8 8.6 1.2 93.1 69.3 23.0 46.3 23.8 23.3 .5 7.7 7.0 . .7 5.9 32.4 26.4 8.6 37.0 28.5 7.1 39.0 31.9 6.0 34.7 28.6 8.0 40.4 32.4 7.4 40.1 32.7 6.9 40.8 33.9 6.4 41.7 35.3 5.6 32.2 26.5 8.5 36.5 27.9 6.0 37.2 31.2 5.1 32.9 27.8 6.6 38.5 31.9 6.2 38.3 32.1 6.2 39.1 32.9 5.7 40.0 34.2 122.6 64.4 50.8 13.6 58.3 128.4 65.3 49.9 15.4 63.1 134.8 66.6 49.9 16.7 68.2 131.3 64.9 48.8 16.1 66.4 133.5 65.7 49.2 16.5 67.8 135.4 66.5 49.8 16. 7 68.9 139.0 69.2 52.0 17.2 69.8 144.0 72.5 55.0 17.5 71.5 109.8 59.7 110.7 57.8 112.7 57.1 111.2 56.4 112.1 56.8 113.0 57.0 114.3 58.2 117.1 60.2 50.0 52.8 55.6 54.8 55.3 56.0 56.2 56.8 107.1 108.9 110.9 110.0 110.8 111.2 111.7 112.7 a R Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars 1965 1963 1964 1965 I II 1966 III IV 1965 1963 1964 Seasonally adjusted at annual rates Billions of current dollars Gross national product- Final sales.. Inventory change... III IV Seasonally adjusted at annual rates Billions of 1958 dollars 628.7 676.3 657.6 668.8 681.5 697.2 713.9 550.0 577.6 609.6 597.7 603.5 613.0 624.4 633.6 583.5 5.7 623.9 4.8 316.1 668.1 8.2 648.8 8.8 662.4 6.4 673.9 7.6 687.1 10.1 705.8 8.1 544.4 5.7 573.0 4.6 601.7 7.9 589. 2 8.6 597.3 6.2 605.8 7.2 614.6 9.8 625.9 341.6 331.6 335.5 344.6 354.7 362.6 288.3 304.6 325.5 317.9 319.1 327.9 337.0 311.3 4.8 126.1 122.8 3.3 333.4 8.2 139.5 133.5 6.1 322.8 8.8 329.1 6.4 344. 6 10.1 354.6 8.1 282.6 5.7 300.0 4.6 317.6 7.9 309.3 8.6 313.0 6.2 320.7 7.2 327.2 9.8 137.2 130.1 -7.1 136.6 130.3 6.2 337.1 7.6 141.9 135.4 6.5 142.5 138.0 4.4 147. 5 142. 5 5.0 114.0 111.2 2.8 123.1 120.0 3.1 136.2 130.3 5.8 133.7 126.7 7.0 132. 5 126.5 6.0 138.8 132.6 6.2 139.7 135.5 4.2 190.0 188.4 1.5 202.0 199.9 2.1 194.4 192.8 1.6 198.9 198.7 .2 202.7 201.7 1.0 212.2 206. 5 5.7 215.1 212.0 174.3 171.4 2.9 181. 5 180.0 1.5 189.3 187.2 2.1 184.3 182.7 1.6 186.6 186. 5 .2 189.1 188.1 1.0 197.4 191.8 5.6 244.0 261.0 253.8 259.0 263.0 268.0 201.5 211.5 220.2 216.4 219.5 221.3 223.5 291.1 5.7 Final sales Inventory change Durable goods output Final sales Inventory change Nondurable goods output __ Final sales Inventory change Services Structures Addendum: Auto gross product 1966 II 589.2 296.8 Goods output 1965 115. 9 113.1 2.8 181.0 178.1 2.9 226.9 65.5 68.6 73.7 72.1 74.2 73.9 74.5 25.9 31.5 33.0 31.5 31.2 30.4 3.1 273.8 77.4 60.2 61.4 64.0 63.5 64.9 63.7 63.9 24.7 25.5 31.5 32.7 31.2 31.4 30.7 334.0 7.7 144.6 139.9 4.7 197.1 194.1 3.0 226.2 65.7 32.2 31.4 25.0 7.7 341.7 Tablet5.—Gross National Product by Sector in Current and Constant Dollars 1965 1963 1964 1965 I II 1965 1966 III IV I 1963 1964 1965 Business 1 Nonfarm *_ _ _ _ _ Farm Households and institutions Rest of the world __ _ __ General government I 589.2 628.7 676.3 657.6 668.8 681.5 697.2 713.9 550.0 577.6 609.6 597.7 603.5 613.0 624.4 633.6 531.0 565.8 609.1 592.4 602.6 614.1 627.0 641.5 502.2 528.5 559.0 547.9 553.3 562.3 572.8 581.3 511.7 490.1 21.6 16 0 544. 5 524.1 20.4 17.3 4.1 586. 7 563.8 22.9 17.8 4.6 570. 7 550.3 20.4 17 1 4.6 580.3 557. 2 23.1 17.5 4.8 591.6 568.0 23.6 18.0 4.5 604.1 579.7 24.4 18.6 4.3 618.1 593.7 24.4 18.9 4.5 485.7 462.8 22.9 13 2 3.3 510.9 488.6 22.3 13 6 4.0 540.7 517.4 23.3 13 8 4.5 530.0 508.0 22.0 13.4 4.5 535.0 511.8 23.2 13.6 4.7 544.0 520.4 23.6 13.9 4.4 554.2 529.9 24.3 14.4 4.2 562.4 540.4 22.0 14.4 62.9 67.2 65.2 66.2 67.4 70.2 72.4 47.8 49.1 50.6 49.8 50.2 50.7 51.6 52.3 3.3 58.2 1. GNP originating in government enterprises (e.g., the Tennessee Valley Authority) is included in the nonfarm business sector. IV Billions of 1958 dollars Billions of current dollars _ 1966 III II Seasonally adjusted at annual rates Seasonally adjusted at annual rates Gross national productPrivate^ _ .__ I 4.5 CURRENT BUSINESS STATISTICS JLHE STATISTICS here update OF CURRENT BUSINESS. That volume series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY (price $2.00) provides a description of each series, references to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1961 through 1964 (1954-64 for major quarterly series), annually, 1939-64; for selected series, monthly or quarterly, 1947-64 (where available). Series added or significantly revised after the 1965 BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1964 issued too late for inclusion in the 1965 volume appear in the monthly SURVEY beginning with the September 1965 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding to revised annual data are available upon request. Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights. 1964 1963 Unless otherwise stated, statistics through 1964 and descriptive notes are shown in the 1965 edition of BUSINESS STATISTICS 1965 I Annual total 1964 1963 II III IV i | n 1966 1965 III IV I II III IV I Seasonally adjusted quarterly totals at annual rates GENERAL BUSINESS INDICATORS—Quarterly Series NATIONAL INCOME AND PRODUCT Gross national product, total bil. $_ 589.2 628.7 676.3 577.0 583.1 593.1 603.6 614.0 624.2 634.8 641.1 657.6 668.8 681.5 697.2 '713.9 Personal consumption expenditures, totals do___ 373.8 398.9 428.7 368.0 371.1 376.6 379.5 389.1 396.0 404.6 405.9 416.9 424.5 432.5 441.0 ' 451. 8 Durable goods, total 9 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___ 53.4 24.3 21.9 58.7 25.8 24.7 65.0 30.0 26.0 52.2 23.6 21.4 52.6 23.9 21.4 54.1 24.6 22.1 54.9 24.9 22.7 57.4 25.5 23.9 59.1 25.7 25.1 60.5 27.1 25.0 57.9 24.8 24.8 64.6 30.3 25.5 63.5 29.3 25.4 65.4 30.3 26.0 66.4 30.1 27.3 '68.7 '31.3 28.0 168.0 30.5 88.2 13.5 177.5 33.3 92.3 14.0 189.0 35.1 98.4 14.7 166.6 30.3 87.5 13.3 167.4 30.2 88.1 13.4 169.2 31.1 88.5 13.5 168.9 30.6 88.7 13.7 173. 7 32.3 90.6 14.0 175.7 33.2 91.3 13.9 179.8 33.8 93.3 14.0 180.9 34.0 94.1 14.2 182.8 34.3 94.8 14.2 187.9 35.0 97.3 14.7 190.5 35.2 99.3 14.8 195.0 35.9 102.2 15.0 ' 200.1 '37.7 ' 103. 8 '15.5 ___do___ do.._ do... do.__ 152.3 23.1 55.5 11.4 162.6 24.4 59.5 11.7 174.7 25.8 64.7 12.2 149.2 22.8 54.5 11.3 151.1 22.8 55.3 11.4 153.3 23.5 55.7 11.4 155.7 23.3 56.5 11.5 158.0 23.6 57.5 11.7 161.2 24.4 58.8 11.7 164.3 24.8 60.1 11.8 167.1 24.8 61.4 11.9 169.5 24.9 62.7 11.9 173.1 25.5 64.0 12.1 176.7. 26.3 65.3 12.3 179.6 26.6 66.7 12.5 '183.0 '27.0 68.0 12.7 110.3 ' 111. 7 Services, total 9 ——Household operation._ _• Housing Transportation _ Gross private domestic investment, total do... 86.9 92.9 105.7 82.6 84.8 87.9 92.4 89.7 90.9 92.6 97.7 103.4 102.8 106.2 Fixed in vestment. _ Nonresidential Structures Producers' durable equipment Residential structures _ Nonfarm Change in business inventories... Nonfarm _do___ do___ _.do___ do___ do___ ___do.__ __do___ __do___ 81.2 54.3 19.7 34.6 26.9 26.3 5.7 4.9 88.1 60.5 21.1 39.4 27.5 27.0 4.8 5.4 97.4 69.8 24.3 45.5 27.6 27.1 8.2 7.9 78.1 52.1 19.0 33.1 26.0 25.4 4.5 3.8 80.1 53.4 19.2 34.2 26.7 26.1 4.7 4.2 82.1 55.1 20.0 35.1 26.9 26.4 5.8 5.2 84.3 56.5 20.5 36.0 27.9 27.3 8.1 6.9 86.5 58.1 20.7 37.5 28.4 27.8 3.3 3.6 86.8 58.9 21.1 37.9 27.9 27.3 4.1 5.1 88.8 61.6 .21.1 40.5 27.2 26.6 3.8 4.6 90.2 63.5 21.5 42.0 26.7 26.2 7.5 7.8 94.6 66.9 23.2 43.7 27.7 27.1 8.8 9.2 96.4 68.4 24.5 43.9 28.0 27.5 6.4 6.6 98.6 70.9 24.2 46.7 27.7 27.1 7,6 7.0 100.2 73.0 25.4 47.6 27.2 26.7 10.1 8.9 ' 103.6 '75.5 '26.9 ' 48. 5 r28.2 >27.6 '8.1 '7.4 Net exports of goods and services.. Exports — Imports do_._ ...do... do___ 5.9 32.4 26.4 8.6 37.0 28.5 7.1 39.0 31.9 4.5 30.0 25.6 6.2 32.4 26.2 5.7 32.6 26.9 7.3 34.4 27.1 8.8 36.3 27.5 7.7 36.0 28.2 8.8 37.3 28.5 8.9 38.4 29.5 6.0 34.7 28.6 8.0 40.4 32.4 7.4 40.1 32.7 6.9 40.8 33.9 '6.4 '41.7 '35.3 Govt. purchases of goods and services, total..do.__ Federal . do National defense do... State and local.. . do_._ 122.6 64.4 50.8 58.3 128.4 65.3 49.9 63.1 134.8 66.6 49.9 68.2 121.9 65.4 51.5 56.5 120.9 63.6 50.5 57.4 123.0 64.2 51.0 58.8 124.3 64.4 50.3 59.9 126.3 65.0 49.8 61.3 129.7 67.0 51.7 62.7 128.7 64.9 49.5 63.8 128. 6 64.3 48.8 64.3 131.3 64.9 48.8 66.4 133.5 65.7 49.2 67.8 135.4 66.5 49.8 68.9 139.0 69.2 52.0 69.8 r 144.0 72.5 55.0 ' 71. 5 By major type of product: Final sales, total Goods, total... _ Durable goods. Nondurable goods Services Structures __do___ __do___ __do__. do... do___ do___ 583. 5 291.1 113.1 178.1 226.9 65.5 623.9 311.3 122.8 188.4 244.0 68.6 668.1 333.4 133.5 199.9 261.0 73.7 572.5 287.2 109.8 177.4 222.1 63.2 578.4 289.2 112.0 177. 2 225.1 64.1 587.3 292.9 114.3 178. 6 228.2 66.2 595.5 295.3 116.2 179.1 232.1 68.0 610.7 304.9 120.1 184.9 237.3 68.5 620.1 308.3 121.6 186.8 242.8 69.0 631.0 316.0 125.4 190.6 246.4 68.6 633.6 315.8 124.3 191.5 249.7 68.1 648.8 322.8 130.1 192.8 253.8 72.1 662.4 329.1 130.3 198.7 259.0 74.2 673. 9 337.1 135.4 201.7 263.0 73.9 687.1 344.6 138.0 206.5 268.0 74.5 705.8 354.6 142.5 212.0 273.8 77.4 do._ _ ___do.__ do___ 5.7 2.8 2.9 4.8 3.3 1.5 8.2 6.1 2.1 4.5 2.0 2.5 4.7 3.4 1.4 5.8 2.3 3.5 8.1 3.8 4.3 3.3 2.2 1.1 4.1 3.5 .6 3.8 2.7 1.1 7.5 4.4 3.1 8.8 7.1 1.6 6.4 6.2 .2 7.6 6.5 1.0 10.1 4.4 5.7 8.1 5.0 3.1 _ Inventory change, total. Durable goods. Nondurable goods _ GNP in constant (1958) dollars Gross national product, total Personal consumption expenditures, total Durable goods. Nondurable goods ;___ Services Gross private domestic investment, total bil. $. 550.0 577.6 609.6 541.2 544.9 553.7 560.0 567.1 575.9 582.6 584.7 597.7 603.5 613.0 624.4 •633.6 do___ 352.4 372.1 394.2 348.3 350.0 355.1 356.4 364.5 369.8 377.3 376.8 386.1 390.5 396.9 403.3 409.9 do___ do___ 53.2 161.8 137.3 58.5 169.4 144.2 65.6 177.1 151.5 52.0 161.0 135.3 52.3 161.2 136.5 54.1 163.0 138.0 54.7 162.1 139.6 57.0 166.4 141.1 58.7 167.8 143.3 60.2 171.6 145.5 57.9 171.8 147.1 64.5 173.2 148.4 63.4 176.4 150.7 66.4 177.8 152.7 67.9 181.0 154.4 70.7 182.9 156.3 82.3 86.3 96.8 78.7 80.5 83.0 86.9 . 83.8 85.2 86.0 90.2 95.4 94.2 96.9 100.5 100.9 76.6 51.9 24.7 5.7 81.7 57.1 24.6 4.6 88.8 65.0 23.9 7.9 74.2 50.0 24.2 4.4 75.8 51.2 24.6 4.6 77.2 52.6 24.6 5.8 79.0 53.7 25.3 7.9 80.7 55.1 25.7 3.0 80.7 55.7 25.0 4.5 82.2 58.1 24.1 3.8 83.1 59.6 23.6 7.1 86.8 62.5 24.3 8.6 88.1 63.7 24.4 6.2 89.7 66.0 23.7 7.2 90.7 67.6 23.1 9.8 93.1 69.3 23.8 7.7 do___ do___ Fixed investment _ do___ Nonresidential do Residential structures do___ Change in business inventories.. do___ Net exports of goods and services __ _.do___ Govt. purchases of goods and services, total. .do___ Federal ___ ___do__State and local. do___ ' Revised. * Preliminary. 5.6 8.5 6.0 4.0 5.8 5.5 7.1 9.0 8.1 8.7 8.3 5.1 6.6 6.2 6.2 5.7 109.8 59.7 50.0 110.7 57.8 52.8 112.7 57.1 55.6 110.3 61.3 49.1 108.7 59. 2 49.5 110.0 59.7 50.3 109.6 58.7 50.8 109.9 58.2 51.7 112.8 59.9 52.9 110.5 57.1 53.4 109.4 56.1 53.3 111.2 56.4 54.8 112.1 56.8 55.3 113.0 57.0 56.0 114.3 58.2 56.2 117.1 60.2 56.8 9 Includes data not shown separately. &-1 214-820 O - fifi - «, SUltVJttl S-2 Unless otherwise stated, statistics through 1964 and descriptive notes are shown in t h e 1965 edition of B U S I N E S S S T A T I S T I C S 1964 1963 | 1965 Annual total May 1966 UUKl 1964 1963 II in IV I II 1965 in IV I 1966 II III IV 570.8 * 587.9 403.6 416.2 368.1 377.0 296.1 303.1 13.7 14.4 58.3 59.5 39.2 35.5 56.2 56.9 40.7 41.0 15.9 15.5 18.7 18.8 I II GENERAL BUSINESS INDICATORS—Quarterly Series—Continued NATIONAL INCOME AND PRODUCT—Con. Quarterly Data Seasonally Adjusted at Annual Rates National income total - bil. $ Compensation of employees, total—_. do Wages and salaries total do Private . . . do Military . .-_.———-do Government civilian do Supplements to wages and salaries.. do Proprietors' income, total 9 do _ Business and professional 9 do 481.1 341.0 311.2 251.6 10.8 48.8 29.8 50.8 37.8 13.0 17.6 514.4 365.3 333.5 269.2 11.7 52.6 31.8 51.1 39.1 12.0 18.2 554.7 391.9 357.4 288.5 12.4 56.5 34.5 54.5 40.3 14.3 18.6 476.7 338.0 308.4 249.4 10.6 48.4 29.6 50.5 37.6 12.9 17.4 484.6 343.0 312.9 253.2 10.7 49.1 30.1 50.9 37.9 13.0 17.7 Rental income of Dersons do Corporate profits and inventory valuation adjust59.1 ment total bil. $._ 64.5 57.6 73.1 58.1 By broad industry groups: Financial institutions do _ 8 0 7.5 89 75 75 Nonfinancial corporations, total _ _ _ do 51.6 56.5 64.2 50 6 50 1 29.5 Manufacturing, total do 32.1 28.7 28.7 37.5 13.4 Nondurable goods industries do 13.4 13.2 14.9 16.8 Durable goods industries . do 15.4 15.4 17.2 16.1 20.7 Transportation, communication, and public 9.5 9.2 10.0 9.1 utilities bil. $ 10.8 All other industries do 12 6 14 3 12 2 12 7 15 9 Corporate profits before tax, total do 64.8 58.5 58.9 58.6 74.7 27.6 26.0 26.1 C orporate profits tax liability. . „do 26.0 30.1 37.2 32.6 32.8 Corporate profits after tax do 32.6 44.5 17.2 15.7 15.8 Dividends - - do_ __ 15 8 18 9 16.8 17.0 19.9 Undistributed profits ... do. 25.6 16.8 .2 -.9 -.4 -.3 Inventory valuation adjustment do -1.6 13.2 15.2 13.9 13.6 16.5 Net interest do_.._ DISPOSITION OF PERSONAL INCOME Quarterly Data Seasonally Adjusted at Annual Rates 467.1 495.0 530.7 460.1 464.8 Personal income, total bil. $ 60.6 61.0 59.2 65.4 60.9 Less: Personal tax and nontax payments do _ 406.1 435.8 399.4 465.3 403.8 Equals: Disposable personal income.. . . . do 409.5 380.5 386.3 383.4 440.5 Less* Personal outlays© do 26.3 18.9 19.8 20.4 24.9 Equals* Personal saving§ do NEW PLANT AND EQUIPMENT EXPENDITURES Unadjusted quarterly or annual totals: 10.14 9.74 39.22 44.90 51.96 All industries . - . . bil. $. 3.92 3.95 18.58 15.69 22.45 Manufacturing do 9.43 1.96 1.96 7.85 11.40 Durable goods industries. _ do 9.16 1.95 1.99 7.84 11.05 Nondurable goods industries do .26 .27 1.04 1.19 Mining do 1.30 .29 1.41 .28 1.10 1.73 Railroad do .45 .54 Transportation, other than rail do 1.92 2.38 2.81 6.22 1.40 1.60 5.65 6.94 Public utilities __ do .93 .95 3.79 4.30 4.94 Communication do 10.83 2.41 2.64 10.03 Commercial and other . . . _ do 11.79 Seas. adj. qtrly. totals at annual rates: 40.00 38.05 All industries ;_ do. __ 15.95 15.30 Manufacturing do 7.65 8.00 Durable goods industries do 7.65 8.00 Nondurable goods industries . do 1.00 1.05 Mining do 1.00 1.20 Railroad do 2.05 1.85 Transportation, other than rail . . . do 5.45 5.90 Public utilities do 3.65 3.85 Communication do 9.65 10.20 Commercial and other do U.S. BALANCE OF INTERNATIONAL PAYMENTScf Quarterly Data Are Seasonally Adjusted 38,652 34,932 39,150 UImports: S. payments recorded mil $ Merchandise do 16 992 18 619 21,492 Military expenditures do 2,838 2 929 2 824 Other services do 7,650 7,014 6 515 '837 978 Remittances and pensions do 839 3,563 3,390 Govt grants and capital outflows K do 3,581 Increase in U S private assets net do 6 462 3 526 4 456 Direct investments do 1 976 2 376 3 266 Long-term portfolio do 988 1 695 1,975 Short-term do 2,111 785 -728 Increase in U.S. official reserve assets, net do ___ -378 - 1 7 1 -1,222 U.S. receipts, recorded do 35,333 40,311 39,311 Exports: Merchandise and military sales do. 27,100 22,728 26,050 Income on investments.. _ . do 4,654 6,054 5,457 Other services do 4 971 5 906 5 510 Increase in foreign assets in U.S. do 251 2 980 3 294 Liquid assets: Foreign official agencies*. _do — 1,599 -50 1,073 Other foreign accounts do 1 554 619 129 Other liquid assets do 762 172 667 Unrecorded transactions (net) do —401 —1 161 —659 Increase in U.S. official reserve assets and decrease in liquid liabilities to all foreigners. _ __ .mil. $ - 2 , 6 7 0 - 2 , 7 9 8 -1,301 Increase in U.S. official reserve assets and decrease in liquid and certain nonliquid liabilities to foreign official agencies mil $ - 1 , 9 7 7 -1,342 -1,299 r Revised. p Preliminary. 1 Estimates for Jan.-Mar. 1966 based on anticipated capital expenditures of business. 2 Estimates for Apr-June. 1966 based on anticipated capital expenditures of business. Anticipated expenditures for the year 1966 are as follows (in bil. $): All industries, 60.23; manufacturing, total, 26.75; durable goods industries, 13.50; nondurable goods industries, 13.25; mining, 1.51; railroad, 1.83; transportation, 3.15; public utilities, 8.04; commercial and other (incl. communication), 18.95. 3 includes communication 492.6 349.5 318.8 257.4 11.6 49.9 30.7 51.0 38.0 13.0 18.0 501.6 355.1 324.2 261.6 11 6 51.0 30.8 50.4 38.5 11.9 17.9 510.5 361.9 330.4 266.9 11.6 51.9 31.5 51.0 39.0 12.0 18.1 519.5 369.0 336.8 271.7 11.7 53.3 32.2 51.4 39.4 12.0 18.3 526.3 375.4 342.6 276.5 11.9 54.3 32.7 51.8 39.6 12.2 18.5 540.6 382.4 348.9 282.0 11.8 55.0 33.5 51.9 39.9 12.0 18.5 549.5 387.9 353.6 285.9 11.8 55.9 34.3 54.6 40.1 14.5 18.6 557.9 393.7 359.0 290.0 12.3 56.7 34.7 55.4 40.4 15.0 18.6 59.6 63.6 64.5 65.5 64.9 71.7 72.0 73.5 75.2 74 52.2 29.7 13.5 16.1 75 56.2 31.9 14.4 17.5 7.8 56.7 32.1 15.0 17.1 8.4 57. 0 32.5 15.0 17.5 8.5 56.4 32.3 15.3 17.1 8.3 63.4 37.3 16.6 20.8 8.9 63.2 36.7 16.6 20.1 9.2 64.3 37.3 16.6 20.7 9.3 65.9 38.8 17.4 21.3 9.4 13 1 60.8 27.0 33.8 16.1 17.7 -1.2 14.5 9.9 14.5 64.0 27.3 36.7 16.7 20.0 -.4 14.5 10.1 14.5 64.5 27.5 37.0 17.1 19.9 .0 15.0 10.2 14.4 65.3 27.8 37.5 17.4 20.1 .2 15.4 10.1 14.0 65.9 28.1 37.8 17.7 20.0 -1.0 15.7 10.5 15.5 73.1 29.5 43.6 18.0 25.7 -1.4 16.1 10.5 16.0 73.9 29.8 44.1 18.6 25.5 -1.8 16.4 11.0 16.0 74.6 30.1 44.5 19.2 25.3 -1.2 16.7 10.9 16.2 77.0 31.1 45.9 19.9 26.0 -1.8 17.1 I 48 A 20.6 *27.8 -2.8 17.6 475.6 61.6 414.0 389.5 24.4 483.0 60.4 422.6 399.3 23.3 490.6 56.9 433.6 406.3 27.3 499.1 58.8 440.3 415.3 25.0 507.1 60.7 446.4 416.9 29.5 516.2 64.8 451.4 428.1 23.3 524.7 66.2 458.5 436.1 22.4 536.0 64.8 471.2 444.4 26.8 546.0 65.7 480.3 453.2 27.1 ' 557.1 '68.3 488.7 r 464.4 '24.4 11.09 4.56 2.31 2.25 9.40 3.79 1.93 1.87 11.11 4.53 2.30 2.23 11.54 4.67 2.37 2.30 12.84 5.59 2.83 2.76 10.79 4. 54 2.25 2.28 12.81 5.47 2.76 2.70 13.41 5.73 2.91 2.82 14.95 6.72 3.48 3.24 .28 .33 .54 .26 .32 .51 .29 .36 .63 .30 .37 .59 .33 .35 .64 .29 .39 .58 .33 .44 1.61 1.06 2.72 1.18 1.71 1.06 2.84 1.76 1.17 3.01 215.01 6.56 3.29 3.27 .40 .51 .90 2.00 2.37 1.58 1.10 2.61 U2.64 5.52 2.78 2.73 .34 .37 .76 1.47 3 4.19 3 4.64 41.20 16.45 8.30 8.15 1.05 1.35 2.10 5.80 4.05 10.45 42.55 17.40 8.85 8.55 1.15 1.40 2.30 5.95 4.05 10.25 43.50 17.80 9.00 8.80 1.15 1.25 2.25 6.30 4.30 10.45 45.65 18.85 9. 60 9.20 1.20 1.50 2.40 6.30 4.40 11.00 9,218 9,195 4, 599 .97 4,410 732 720 .32 .44 .72 .35 .46 .73 1.32 1.08 2.59 .77 1.71 1. 24 2.85 1.88 1.22 3.10 2.04 1.41 3.25 47.75 20.15 10.15 10.00 1.30 1.55 2.60 6.35 4.40 11.40 49.00 20. 75 10.40 10.40 1.25 1.75 2.55 6.80 4.55 11.30 50.35 21.55 10.80 10.70 1.30 1.55 2.70 6.85 4.80 11.60 52.75 23.00 11.75 11.25 1.25 1.70 3.00 6.75 5.05 11.95 55.35 24.15 12.45 11.70 1.35 1.95 3.00 7.30 5.30 12.25 9,737 11, 000 8,851 9,604 9,951 10,246 4,709 4,901 4,663 5,480 5,594 5 755 691 681 1,736 1,742 1,736 1,800 209 203 207 753 1,327 220 662 702 720 1,830 1,924 1,905 224 292 229 775 1,539 1,159 959 315 725 819 891 931 853 515 357 -53 701 111 41 890 1,344 895 1,569 1,025 2,222 464 274 589 540 256 548 551 612 406 821 833 568 51 9,506 -303 9,347 -70 10, 028 151 11,430 6,343 1,396 1,345 6,258 1,395 1,338 6,550 1,392 1,393 6,899 1,274 1,434 1,823 904 613 306 —430 5,801 1,555 1 355 693 422 356 237 71 114 —288 48 231 77 —152 -116 639 170 -291 -257 -582 -593 -1,366 679 -299 —842 8,861 -159 -417 -68 9,685 *78.3 157.20 258.90 25.15 25.80 12.80 12.90 12.35 12.90 1.45 1.55 1.65 1.80 3.30 3.20 7.65 7.95 318.05 318.65 754 1 991 233 -41 10,267 -271 10,498 7,028 1,505 1,505 7,242 1 346 1 579 229 -255 71 334 —10 7,029 1,648 1,467 —459 -300 —26 -133 —81 -263 739 -247 -316 331 768 655 218 —252 -658 258 -517 -384 p - 5 8 2 150 28 -152 -374 -844 247 244 -1,226 p -262 -564 9 Includes inventory valuation adjustment. ©Personal outlays comprise personal consumption expenditures, interest paid by consumers, and personal transfer payments to foreigners. §Personal saving is excess of disposable income over personal outlays. cf More complete details are given in the quarterly reviews in the Mar., June, Sept., and Dec. issues of the SURVEY. f Less payment on U.S. Govt. loans. X Includes certain nonmarketable, medium-term, nonconvertible Govt. securities.
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