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SURVEY OF CURRENT BUSINESS

6

April 1967

NATIONAL INCOME AND PRODUCT TABLES
1965
1964

1965

1966

IV

1967

1966
I

II

III

IP

IV

1965
1964

1965

1966

1966

IV

Seasonally adjusted at annual rates

I

II

1967
III

Ip

IV

Seasonally adjusted at annual rates
Billions of 1958 dollars

Billions of current dollars

Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)

Gross national product-

Durable goods__
Nondurable goods
Services

_

__

681.2

739.6

704.4

721.2

732.3

745.3

759.3

764.3

580.0

614.4

647.8

631.2

640.5

643.5

649.9

657.2

401.4

______
_

631.7

431.5

464.9

445.2

455.6

460.1

469 9

474.1

482.2

373.8

396.2

415.5

406.5

412.8

412.2

418.3

418.5

59.4
178.9
163.1

__ __ _

Personal consumption expenditures. _

66.1
190.6
174.8

69.3
206.2
189.4

68.0
197.0
180.2

70.3
201.9
183.4

67.1
205.6
187 4

70 2
208 1
191 5

69.6
209.2
195 3

68.1
214.7
199.3

59.1
170.5
144.2

66.4
178.2
151.6

70.7
186.0
158.7

69.2
182.5
154.8

72.2
184.1
156.5

68.5
185.8
157.9

71 6
187. 1
159 6

70.6
187.1
160.8

93.0

106.6

117.0

111.9

114.5

118.5

115.0

120.0

109.0

86.5

97.8

104.7

102.2

103.5

106.3

102.5

106.4

88 3
60.7
21.0
39 7
27.6
27.0

97 5
69.7
24.9
44 8
27.8
27.2

6
9.1

101 5
73.9
26.8
47.1
27.6
27.0

105 6
77.0
28.5
48.5
28.6
28.0

106 2
78 2
27.9
50 3
28.0
27.4

105
80
27
52
24
24

1
3
7
6
8
3

103 5
81.6
27.3
54 4
21 9
21.3

103 5
81.6
28.7
52 9
21.9
21.3

81.9
57.4
18.9
38.5
24.6
24.0

89.0
64.9
21.7
43.2
24.1
23.6

93.6
72.1
23.4
48.7
21.5
21.0

91.9
68.4
23.2
45.2
23.5
23.0

95.0
70.8
24.3
46.4
24.3
23.8

93 5
73 0
23.2
49 8
20 5
20.0

91.2
73.3
22.7
50.7
17.9
17.4

81

11.9
12 2
— 3

10.4
9 0

8 5

12 3
12 1

9 9
10 4

16 4
17 6
—1 2

58
— .3

5 2

—.3

8.9
1.3

11.6
11.4

—.6

80

11.1
11 4

10.2

53

.5
8.5
8.0
.4

94 7
71.3
23.6
47.7
23.4
22.9

.6
4.7

105 1
79.3
27.8
51 4
25.8
25.3

.2

9 1
9 6
— 5

15.2
16.4
-1.2

8.5
37.0
28.5

7.0
39 0
32.0

4.8
42 7
37.9

6.1
40.3
34.2

6.0
41.7
35.6

4.7
41 9
37 3

4.2
43 4
39 2

4.1
43 6
39.5

4.9
45.1
40.2

8.5
36.4
28.0

6.3
37.3
31.0

4.7
41.1
36.4

6.0
38.7
32.8

5.9
40.1
34.2

4.6
40.3
35.8

4.2
41 8
37.6

4.1
42.0
37.9

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

128.9
65 2
50 0
15.2
63.7

136.2
66 8
50 1
16.7
69.4

153.0
76 9
60 0
16 9
76.2

141.2
69 8
52 5
17.3
71.4

145.0
71 9
54 6
17.4
73.1

149.0
74 0
57 1
16 9
75.0

156.2
79 0
62 0
17 0
77 2

161.1
81 7
65 5
16.2
79.4

168.2
86 2
68 8
17.4
82.0

111.3
57 8

114.1
57 8

123.2
64 0

116.6
59.3

118.3
60.4

120.4
61.9

124.9
65 5

128.3
67.6

53.4

56.3

59.1

57.3

57.9

58.5

59.4

60.7

Addendum: Implicit price deflator for seasonally
adjusted GNP 1958-100

108 9

110 9

114 2

111 6

112 6

113 8

114 7

115 5

657.2

116 3

Gross private domestic investment

-

_

_

Fixed investment
Nonresidential
Structures
_
Producers' durable equipment
Residential structures
Nonfarm_. _ _ _ _ _ _
Farm
Change in business inventories
Nonfarm
Farm

—.6

Net exports of goods and services
Exports
Imports

9

6

.5

1.4

.5
8.9
.5

6
2

6

5

6

.6
5.5

.5
4.6

.5
8.8
.9

.5

.5

.5

5

.5

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)

Gross national product

_

Final sales
Change in business inventories

-

631.7

681.2

739.6

704.4

721.2

732.3

745.3

759.3

764.3

580.0

614.4

647.8

631.2

640.5

643.5

649.9

657.2

627 0
4 7

672 1
91

727 7
11.9

694 0
10 4

712 3
89

720 0
12 3

735 4
99

742 9
16.4

758.8
5.5

575 4
4.6

605 6
8.8

636.7
11.1

621. 0
10.2

632.0
8.5

631.9
11.6

640.8
9. 1

5.5

657.2

642.0
15.2

318 2

344 7

377.2

358 8

366 0

371 6

379 6

390.7

307.2

328.5

351.5

341.0

344.7

346.7

352.8

360. 9

Final sales
Change in business inventories

313 6
4 7

335 7
91

365 3
11.9

348 4
10 4

357 0
89

359 3
12 3

369 7
99

374 2
16.4

302 6
4! 6

319 7

s's

340 4
11.1

330 7
10^2

336 2
8.5

335 1
11.6

343 7
9.1

345 7
15.2

Durable goods
Final sales
Change in business inventories

125 5
122 2
33

138 5
132 2
63

154 9
145 9
90

142 6
137 9
4 7

147 6
141 8
58

149 6
140 6
9 0

158 1
148 7
9 5

163 6
151 7
11 9

123 1
119 9
32

135 5
129 4
61

150 8
142 4
8.4

140 3
135 7
4 7

145 4
139 9
5.5

146 0
137 6
8.4

153 7
145 1
8.7

157.4
146.5
10.9

Nondurable goods
Final sales
Change in business inventories

192 7 206 3
191 3 203 5
14
2 7

222 4
219 5
29

216 2
210 5
57

218 4
215 2
31

222 0
218 7
33

221 4
221 0
5

227.1
222 5
4 6

184 1
182 7
14

193 0
190 3
2 7

200.8
198 0
2.7

200.6
195 1
5.6

199.4
196 3
3.0

200.8
197.6
3.2

199.0
198 6
.4

203.5
199.2
4.3

244 5

262 0

285.9

268 8

211.2

221.1

232.4

224.0

227.7

230.9

234.4

236.6

68 9

76 6

76 9

78 6

289 9
75 g

296.2

Structures

275 5
79 §

282 1

74 5

72 5

61 7

64 8

64.1

66.2

68.0

66.0

62 8

59.8

Addendum: Gross auto product

25 8

31 4

29.4

30 5

31 5

28 6

27 9

29.4

25.4

31.4

29.9

30.7

32.2

29.1

28.5

29.7

Goods output

Services.

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)

Gross national product
Private
Business
Nonfarm
Farm
Households and institutions
Rest of the world
General government
p Preliminary.




631 7

681 2

739.6

704 4

721 2

732 3

745 3

759 3

580 0

614 4

647.8

631.2

640.5

643.5

649.9

657.2

568 7

613 4

663 4

633 8

648 4

657 6

667 7

679 4

530 8

563 5

593.6

579. 4

588.0

589.9

595.1

601.5

547
527
20
17
4

590
567
23
18
4

639
614
24
19

611
586
24
19
3

624 9
599 3
25* 7
19 1
4 4

634
609
25
19

643
619
24
19
4

655
631
24
20
4

513
491
22
13
3

545
521
23
14
4

574
552
22
14

561
537
24
14

569 4
546 4
23 0
14.3

571 4
548 4
22 9
14.2

576 2
554 5
21 7
14.5

4.4

582.8
560.1
22.8
14.6
4.0

54.8

55.8

4
0
4
3
0

63 0

8
1
8
3
3

67 8

5
7
8
5

4.4

76 2

2
6
7
1
4

70 6

72 8

0
0
0
1

45

74 7

5
1
4
7
Q

77 g

3
0
3
0
1

79 9

764.3

3
2
0
6
9

49 2

4
7
8
0
1

50 9

9
3
6
4

4.3

54 2

6
5
1
5

3.3

4.3

4.3

51.8

52.5

53.6

657.2

CURRENT BUSINESS STATISTICS

JLHE STATISTICS here update series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (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 monthl} 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

Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS

1966

1965

1965

1964

I

II

|

III

I

IV

II

1967

1966

III

IV

I

II

Annual total

IV

III

IP

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
Gross national product, totalf

--- ---

Personal consumption expenditures, total

bil. $

631.7

681.2

739.6

616.8

627.7

637.9

644.2

660.8

672.9

686. 5

704.4

721.2

732.3

745. 3

759. 3

764.3

do

401.4

431.5

464.9

391.1

398.0

407.5

408.8

418.9

426.8

435.0

445.2

455.6

460.1

469.9

474.1

482. 2

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

do
do
do...

59.4
25.8
25.1

66.1
29.8
27.1

69.3
30.0
30.1

57.6
25.3
24.1

59.8
26.0
25.4

61.1
27.1
25.3

58.9
24.6
25.7

65.1
30.1
26.0

64.4
29.2
26.2

66.7
30.2
27.3

68.0
29.9
28.8

70.3
31.4
29.6

67.1
28.5
29.2

70.2
30.1
30.7

69.6
29.8
30.7

68.1
27.6
31.1

Nondurable goods, total 9
Clothing and shoes
Food and beverages
Gasoline and oil

do
do._.
do
do. .

178.9
33.6
92.8
14.1

190.6
35.9
98.4
15.1

206.2
40.3
104.8
16.1

174.9
32.8
90.7
13.9

176.5
32.7
92.1
13.9

181.7
34.3
93.9
14.2

182.4
34.4
94.4
14.4

184.5
34.6
95.4
14.4

189.4
35.6
97.8
15.2

191.4
36.0
98.7
15.3

197.0
37.5
101.6
15.7

201.9
39.4
103.3
15.8

205.6
39.7
104.8
16.1

208.1
41.1
105.5
16.1

209. 2
40.8
105.4
16. 6

214.7
42.6
107.4
17.1

. _ . _ do
... .do...
do
_ _ . _do

163.1
24.3
59 2
11.8

174.8
25.6
63.2
12.8

189.4
27 2
67.7
14.0

158.7
23.8
57.7
11.7

161.6
24.2
58.7
11.7

164.7
24.7
59.6
11.9

167.5
24.7
60.7
12.1

169.3
24.7
61.6
12.2

173.0
25.4
62.7
12.7

176.9
26.0
63.6
13.0

180.2
26.3
64.7
13.4

183.4
26.5
66.0
13.5

187.4
27.1
67.1
13.9

191.5
27.6
68.2
14.2

195.3
27.7
69.5
14.5

199.3
27.8
70.6
14.9

93.0

106.6

117. 0

90.2

91.8

92.5

97.4

103.8

103.7

106.7

111.9

114.5

118.5

115.0

120.0

109. 0

88.3
60.7
21.0
39.7
27 6
27.0

97.5
69.7
24.9
44.8
27 8
27.2

86.6
58 1
20.3
37.9
28 5
27.9

87.6
59.7
20.9
38.8
27 9
27.3

88.9
61.7
21.0
40.7
27.2
26.6

90.0
63.3
21.8
41.4
26.7
26.2

94.4
66.7
23.6
43.1
27 7
27.2

96.0
67.9
24.6
43.3
28.1
27.5

98.0
70.2
24.4
45.8
27.8
27.3

81

51

4 6

9 4

6 7

7 2

103.5
81.6
27.3
54.4
21.9
21.3
16.4
17.6

103.5
81.6
28.7
52.9
21.9
21.3

9.1

106.2
78.2
27.9
50.3
28.0
27.4
12.3
12 1

105.1
80.3
27.7
52.6
24.8
24.3

5 3

101.5
73.9
26.8
47.1
27 6
27.0
10.4
9 0

105.6
77.0
28.5
48.5
28.6
28.0

4.7

105. 1
79 3
27.8
51.4
25 8
25 3
11.9
12 2

Services, total 9
Household operation. .
Housing
Transportation

-- -

..

Gross private domestic investment, total
Fixed investment
Nonresident ial
Structures
Producers' durable equipment
Residential structures
Nonfarrn
..
Change in business inventories...
Nonfarm

do

do. .
do
- . - .do
do. _
do
do
do. .
do

3.5
36

4.2

3.6

7.4
7.9

9.5

7.6

8.7

8.9

8 5

9.9

10.4

4.2

5.5
5.8

8.4

8.6

6.4

6.1

6.0

4.9

36 0
28 1

37 2
28.8

38 1
29.6

35 1
28.7

40 1
33.0

40 3
34.2

41.7
35.6

41.9
37.3

43.4
39.2

4.1

36 4
27 4

40 5
32.3

7.1

39 0
32 0

4 8
49 7
37 9

7.9

37 0
28 5

43.6
39.5

45.1
40.2

Govt. purchases of goods and services, total, .do
Federal.. . __
.
do. .
National defense
do
State and local. _ _ . . . .
do

128.9
65.2
50 0
63 7

136.2
66.8
50 1
69.4

153.0
76 9
60 0
76 2

126.5
64.9
50 1
61 6

130.1
66.6
51 6
63.4

129.5
65. 1
49 8
64.4

129.4
64.1
48 5
65.3

131.6
64.4
48 2
67.3

134.3
65.6
49 1
68.7

137.7
67.5
50 7
70.2

141.2
69.8
52 5
71.4

145.0
71.9
54.6
73.1

149.0
74.0
57.1
75.0

156.2
79.0
62.0
77.2

161.1
81.7
65.5
79.4

168.2
86.2
68.8
82.0

By major type of product :f
Final sales, total
Goods, total
Durable goods
Nondurable goods
Services
Structures

do
do
do
do
do
do

627 0
313 6
122 2
191 3
244 5
68 9

672
335
132
203
262
74

727
365
145
219
285
76

613
307
119
187
237
68

623
311
122
189
242
69

5
4
4
0
7
4

634.4
318 8
125 0
193 8
247 1
68 5

636
316
122
195
251
68

651
324
127
196
254
72

665
331
128
202
259
74

3
2
8
4
8
3

677 8
338 8
134 3
204*4
265 1
73 9

694
348
137
210
268
76

0
4
9
5
8
9

712.3
357 o
141 8
215 2
275 5
79 8

720.0
359 3
140 6
218. 7
282 1
78.6

735.4
369.7
148.7
221.0
289.9
75.8

742.9
374.2
151.7
222.5
296. 2
72.5

758.8

do
do
do

4.7
33
1 4

4.2
36

3.6

7.6
6 4
12

8.7
6 7
2 1

10.4
4 7
5 7

8.9
58

12.3
9 0

9.9
9.5

16.4
11.9

5.5

3.1

657. 2

Net exports of goods and services
Exports
Imports

..

do
do
do

. .

Change in business inventories
Durable goods
Nondurable goods
. . .

8.5

7.0

1
7
2
5
0
5

7
3
9
5
9
6

9.1
6 3
2 7

11.9
9 0
9 9

9.0

3
1
6
5
3
8

3.5
2 3
1 2

9 g

5

.8

8
9
0
0
1
8

7.4
4 4
2 9

4
3
7
6
3
7

9.5
7 4
2 1

8.2

4.7

3.3

.5

4.6

GNP in constant (1958) dollars
Gross national product, totalf

Durable goods
..
Nondurable goods...
Services.

_.

.

Gross private domestic investment, total
Fixed investment
. . .
Nonresidential
Residential structures
Change in business inventories
Net exports of goods and services

. .

bil. $

580 0

614 4

647 8

569 7

578 1

585.0

587.2

600 3

607.8

618.2

631.2

640.5

643.5

649.9

657.2

do

373 8

396 2

415 5

365 7

371 0

379 5

378 9

387 1

392 2

398 9

406 5

412 8

412.2

418.3

418.5

do
do
do

... .

Personal consumption expenditures total

59 1
170 5
144 2

66 4
178 2
151 6

70 7
186 0
158 7

57 2
167 2
141 2

59 5
168 4
143 1

60 9
173.3
145 3

58 8
173.1
146 9

64 8
174 2
148 1

64 2
177.6
150 4

67 2
178.5
153 1

69.2
182.5
154 8

72.2
184.1
156.5

68.5
185.8
157.9

71.6
187.1
159.6

70. 6
187.1
160. 8

do

86.5

97.8

104.7

84.6

85.6

85.7

90.2

95.9

95.3

97,9

102.2

103.5

106.3

102.5

106.4

do
do
do
do

81 9
57 4
24 6
4.6

89 0
64.9
94 i
8.8

93 6
72 1
°1 5
11.1

81 2
55 5
25 7
3.5

81 6
56 6
24 9
4.0

82 2
58.2
94 i
3.5

82 8
59.2
93 6
7.4

86 6
62 3
24 4
9.3

88 0
63.4
24 5
7.3

89.4
65.5
23 9
8.5

91.9
68.4
23 5
10.2

95.0
70.8
24.3
8.5

94.7
71.3
23.4
11.6

93.5
73.0
20.5
9.1

91.2
73.3
17.9
15.2

5.7

7.1

6.4

6.0

5.9

4.6

4.2

4.1

do

8.5

6.3

4.7

CJovt purchases of goods and services total do
Federal
_.
'
"do
State and local
...
do

111 3
57 8
53.4

mi
57 8
56.3

1 99 9

9.2
11 n 9
58 2
52^0

8.2

m

q

59 7
64 0
59! 1
53.' 6
Revised.
v Preliminary.
f Revised series. Estimates of national income and
product and personal income have been revised (see p. 11 ft of the July 1966 issue of the
r


255-322 O - 67 - 3


8.4

m

q

8.0

m

124 9
128 3
120 4
118 3
113 ^
115 0
116 6
65.5
67.6
6l!9
60.4
59 3
56 1
57 3
57 4
56 2
58 3
59.4
60. 7
58.5
57.9
56.7
57.3
53.9
54.0
55.3
55.9
SURVEY); revisions prior to May 1965 for personal income appear on p. 18 ff. of the July 1966
issue of the SURVEY.
9 Includes data not shown separately.
110 1

e

s-l

SURVEY OF CUKRENT BUSINESS

S-2
Unless otherwise stated statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS

1964

1965

II

Annual total

III

1966

1965

1964

1966

April 1967

IV

I

II

III

IV

I

II

1967
III

IV

IP

II

GENERAL BUSINESS INDICATORS— Quarterly Series— Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
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
Farm
--do
Rental income of persons
do
Corporate profits and inventory valuation adjustment total
bil $
By broad industry groups:
Financial institutions
_. _ _ d o
Nonfmancial corporations, total
do
Nondurable goods industries
do____
Durable goods industries
do._-Transportation, communication, and public
utilities
bil. $..
All other industries
do
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment

do
do
do
do

517.3
365.7
333.6
269.3
11.7
52.6
32.0
51.9
39.9
12.0
17.7

559.0
392.9
358.4
289.1
12.1
57.1
34.5
55.7
40.7
15.1
18.3

610.1
433.3
392.3
314.8
14.6
62.8
41.0
57.8
41.8
16.0
18.9

513.7
362.2
330.6
267.1
11.6
51.9
31.7
52.2
39.9
12.2
17.6

522 9
369.8
337.4
272.3
11.7
53.4
32.4
51.9
40.3
11.7
17.8

528. 5
375.3
342.2
275.9
11.9
54.3
33.1
52.2
40.3
11.9
17.9

543.3
381.7
348.2
281.2
11.8
55.2
33.5
53.3
40.5
12.9
18.1

552.2
387.8
353.7
285.8
11.7
56.3
34.1
55.9
40.4
15.5
18.3

562.7
395. 6
360. 8
291.1
12.0
57.7
34.8
56.7
40.7
16.0
18.4

577.8
406.5
370.8
298.5
13.0
59.3
35.7
57.1
41.1
16.0
18.5

595.7
419.6
380.0
305.9
13.6
60.4
39.6
58.4
41.4
17.0
18.7

604.1
427.9
387.4
311.5
14.1
61.8
40.5
57.9
41.6
16.3
18.8

66.6

74.2

80.2

66.5

67.8

66.8

73.2

72 7

74.0

76.9

80.0

79.9

79.1

r81.7

10.1
69.0
39.5
17.0
22.5

10.5
71.2
42.0
17.6
24.4

12.2
17.2
81.9
33.7
48.2
21.1
27.1
-2.8
20.2

12.1
17.0
'81.8
'33.7
'48.1
20.7
' 27. 4
.0
21.0

8.4
58.2
39 4
14.5
17.9

8.9
65.3
37.8
15.7
22 1

10.0
70.2
'41.0
17.3
23.8

8.5
58.1
32.4
14.6
17.7

8.4
59.3
33.0
14.6
18.4

8.6
58.1
32.2
14.7
17.5

8.5
64.6
37.4
15.5
21.9

8.7
64.0
36.7
15.5
21 2

8.9
65.0
37.4
15.5
21.9

9.5
67.5
39.6
16.4
23.2

9.4
70.6
41.9
17.2
24.7

9.8
70.0
40.6
17.2
23.4

10.4
15.4
67.0
28.4
38.7
17.3
21.3
-.4
15.5

11.1
16.4 j
75.7
31.2
44.5
19.2
25.3
-1.5
17.8

11.9
17.2
82.3
33.9
48.4
20.9
'27.4
-2.1
20.0

10.2
15.5
66.8
28. 3
38.5
17.3
21.3
-.3
15.1

10.6
15.7
67.8
28.7
39.1 i
17.4
21.7
.0
15.7

10.5
15.5
67.7
28.6
39.0
17.7
21.4
-.9
16.3

10.7
16.5
74.5
30.7
43.8
18.1
25.7
-1.3
16.9

10.9
16.4
74.5
30.7
43.8
18.8
25.0
-1.8
17. 5

11.2
16.4
75.0
30.9
44.1
19.5
24.6
-1.0
18.1

11.5
16.4
78.7
32.4
46.3
20.2
26.1
-1.8
18.7

11.3
17.4
82.7
34.1
48.7
20.9
27.8
-2.8
19.1

12.0
17.4
82.8
34.1
48.7
21.1
27.6
-2.9
19.6

613.8 ' 626. 7
438.3
447.5
396.7
405. 0
318.0
323.9
15.0
15.8
63.7
65.2
41.5
42.5
57.3
57.5
41.9
42.3
15.4
15.2
18.9
19.1

456.1
411.8
328.3
16.3
67.1
44.3
57.4
42.6
14.8
19.3

21.5
—.6
21.6

DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
585.2
610.1
598.3
573.5
564.6
552.8
541.9
527. 6
492.0
518.0
500.3 507.5
580.4
535.1
496.0
Personal income, total
bil. $'__
77.4
81.2
73.6
69.5
79.8
66.7
65.7
66.6
64.9
56.9
59.1
60.9
66.0
75.1
59.4
Less: Personal tax and nontax payments
do
507.8
518.4
528.9
499.9
495.1
476.2
486.1
453.2 461.0
446.6
505.3 435.1 441.2
Equals: Disposable personal income
do
j 436.6 469.1
483.3
468.4
488.0
496.4
473. 3
457.6
420.0 430.3 438.6 447.1
443.4
478.3 408.5 418.4
412.1
Less* Personal outlays©
do
24.5
30.4
26.7
26.6
32.5
28.5
29.0
22.4
22.8
22.8
26.6
26.6
27.0
25.7
24.5
Equals* Personal saving§
_ _ do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
12.77
15.57
17.00
15.29
13.83 2 15. 84
14.95
13. 41
11.54
10.79
12.81
12.84
11.11
44.90 51.96
60.63
All industries
bil. $
6.84
7.75
5.61
6.06
7.00
6.78
6. 72
5.73
4.54
5.47
4.67
4.53
5.59
22.45
18.58
26. 99
Manufacturing
_ do
2.87
3.54
4.07
3.16
3. 60
3.51
3.48
2.91
2.25
2.76
2.37
2.83
2.30
9.43
11.40
13.99
Durable goods industries
-do
2.74
3.30
3.68
2.89
3.39
3.27
3.24
2.82
2.28
2.70
2.30
2.76
2.23
9.16
11. 05
13.00
Nondurable goods industries
do
.33
.38
.35
.37
. 40
.40
.35
.32
.33
.29
.30
.33
.29
1.19
1.30
1.47
Mining
do
.40
.55
.37
.48
.38
.55
.46
.44
.44
.39
.37
.35
.36
1.98
1.73
1.41
Railroad
.
- do___
.75
.82
.86
.78
1.00
1. 13
.73
.72
.77
.58
.59
.64
.63
3.44
2.81
2.38
Transportation, other than rail
__do
1.60
2.36
1.84
2.36
2. 40
2.09
2.04
1.88
1.32 ! 1.71
1.76
1.71
1.58
6.22
6.94
8.41
Public utilities
do
1.26
1.58
1.36
1.42
1.41
1,22
1.24
1.08
1.06
1.17
1.10
4.94
4.30
5.62
Communication
_ do
3.52 3 4. 42 3 4.55
2.83
3.33
3.06
3.25
2.85
3.10
2.84
2.59
3.01
2.61
12.74
10.83
11.79
Commercial and other
_ . _.do _.
Seas. adj. qtrly. totals at annual rates:
62.80 i 62. 60 2 62. 25
61.25
55.35 58.00 60.10
52.75
50.35
47.75 49.00
43.50 45.65
All industries
_ do _
27.75
25.60
27.70
27.60
27.55
26.80
24.15
23.00
20.75
18.85
21. 55
20.15
17.80
Manufacturing
do
14.25
13.15
14.50
14.45
14.35
13.85
12. 45
11.75
10.80
10.15
10.40
9.60
9.00
Durable goods industries
do
13.25
13.45
12.45
13.15
13.20
12.95
11.70
11.25
10.70
9.20
10.40
10.00
8.80
Nondurable goods industries
do
1.55
1.40
1.45
1.50
1.45
1.55
1.35
1.25
1.30
1.25
1.20
1.30
1.15
Mining
do
1.35
1.75
2.35
1.65
1.85
2.00
1.95
1.70
1.55
1.75
1.55
1.50
1.25
Railroad
do
3.95
3.30
3.50
3.40
3.50
3.50
3.00
3.00
2.70
2.55
2.40
2.60
2.25
Transportation other than rail
do
8.50
8.25
9.50
9.30
8.55
8.30
7.30
6.75
6.85
6.80
6.30
6.35
6.30
Public utilities
do
5. 95
5.35
5.60
5.30
5.50
5.05
4.80
4.55
4.40
4.40
4.30
Communication
do
12.35
13.30 s 19. 10 3 18. 20
12. 85
12.25
12.45
11.95
11.60
11.30
11.40
11.00
10.45
Commercial and other
do
U.S. BALANCE OF INTERNATIONAL
PAYMENTSd*
I
Quarterly Data Are Seasonally Adjusted
|
(Credits -f ; debits -)
Exports of goods and services (excl. transfers under
8,776 10, 136 10, 016 10, 065 10, 480 10, 558 10, 943 plO, 929
military grants)
mil. $__ 36, 958 38,993 v 42, 910 9,001 9,308 9,537
7,154
7,426 p 7. 502
7,027
7,098
6, 826
6, 798
6,660 5,625
6,092 6,389
25, 297 26, 276 p 29, 180
Merchandise, adjusted, excl. military.-. _ _ - d o - _ _
p235
215
198
260
216
199
229
200
162
201
186
844
747
P908
Military sales. _ _ __
. -do ._
1,532
1,585 p 1, 488
1,575
1,254
1,470
1,616
1,561
1,253
1,368
1,369
5,392
5,901 r> 6, 180
Income on U.S. investments abroad .
do
1,596
1,717 p 1, 704
1,625
1,568
1,521
1,493
1,390
1,389
1,423
1,354
5,972 P 6, 642
5,522
Other services
_ _._
_ _ - -do ..-8, 898 -9, 175 -9,737 p-9,80"
245
Imports of goods and services
do ._ -28,468 -32, 036 p-37, 61 -7, 032 -7, 196 -7,390 -7,164 -8, 087 -8, 595 -8,540 -5, 980 -6,220 -6,63? p-6, 66
-5,756
-18,621 -21,488 p-25, 50 -4, 579 -4,752 -4,901 -4, 656 -5,481 -5,
Merchandise, adjusted, excl. military
do
77]
-934 p-96
-854
-899
-745
-664 i -701
-686
-683
-725
-2,881 p-3, 649
-2,834
Military expenditures
do
-436
-510 p-48
-437
-458
-411
-373 i -404
-349 i -372
-344
-1,404 -1,646 p-1,868
Income on foreign investments in the U.S.. do
-1,384 -1,409 -1,434 -1,471 -1,501 -1,494 -1,555 -1,628 -1,61S -1,654 p-1,6
-5.609 -6, 021 p-6, 590
Other services
do
Unilateral transfers, net (excl. military grants);
-852
-698 P-62
-645
-736
-719
-662
-768
-694
-671
-717
-2,765 -2,794 p-2,907
transfers to foreigners (— )
mil. $
i
Transactions in U.S. private assets, net; increase
-748 pl,14
-928 -1, 094
-912
-827
-346
-1,385 -1,589 -2, 189 -1,605
-6,523 -3, 690 p-3, 91
(— )
mil. $
Transactions in U.S. Govt. assets, excl. official
-341
-376 P-31
-471
-452
-268
-469
-367
-415
-618
-350
-1,674 -1,575 p-1,48reserve assets; increase (— )
mil. $
Transactions in U.S. official reserve assets, net;
424
8*
27
41
68
842
68
70
-15
303
1,222
171
P568
increase ( — )
mil. $
Transactions in foreign assets in the U.S., net (U.S.
409
361 p l , 2 2
31
242
1,026
-425
4
18C
|
719
1,84
332
309 P3.02
3,312
liabilities) increase (+)
mil. $
p56118
120
6
493
54
-294
-145
547
1,53
249
115 i
2, 627
p85
Liquid assets...
do__.
P 66
243
289
25
972
261
-131
32£
172
31
83
194 ! P2.168
685
Other assets .
_.
.. _ _ _do_.
173 p — 27J
-294
-8
-240
-195
-109
C
-203
-36
-152
-429 ! P -58
Unrecorded transactions
do " -1,011
i
Balance on liquidity basis— increase in U.S. official
reserve assets and decrease in liquid liabilities to
-20C p -55
-544
-534
-33
-122
226
-617 -1,38
-69'
-552
-2,798 -1,337 ip-1,42
all foreigners; decrease ( — )
mil. $
Balance on official reserve transactions basis— increase in U.S. official reserve assets and decrease in
i
liquid and certain nonliquid liabilities to foreign
951> p —2'
-234
232 -1,15
-20:
23£ !
-231
-84
-61?5
-326
-1,30, I
P27
official agencies' decrease ( — )
mil $
a
ts e corres ponding not? on p . S-l.
' Revised.
p Preliminary,
91tncludes inventor y valuat on ad jus tment.
i Estimates for Jan. -Mar. 1967 based on anticipated capital expenditures of business.
e Personal outlays compris 3 persons 1 consulnption e xpenditu res, inte •est paid by con2 Estimates for \ptv.Tnne 1967 based on anticipated canital expenditures of business.
sum ers, and personal transfer payment 3 to forei gners.
Anticipated expenditures for the year 1967 are as follows (in bil. $) : All industries, 63.00; manuersonal saving is excess of disposab e income over personal 01itlays.
facturing, total, 27.94: durable goods industries, 14.64; nondurable goods industries, 13.30;
, June, Sept., and
tf More co mplete d etails are given n the qua rterly re views in the Mar
mining, 1.58; railroad, 1.48: transportation. 3.94; public utilities, 9.15; commercial and other
3
Dec ssues c)f the Su R V E Y .
(incl. communication), 18.91.
Includes communication.




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