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SURVEY OF CURRENT BUSINESS

February 1968

NATIONAL INCOME AND PRODUCT TABLES
1966

1967

III

II

IV

1967

1966

1967

1966

III

IV

1966

1967

III

II

IV

III

IV

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

Billions of 1958 dollars

Billions of current dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.19 1.2)
743 3

Gross private domestic investment
Fixed investment

748 8

762 1

766 3

775.1

791 2

807 3

652 6

669. 3

654.8

661.1

660.7

664.7

672.0

679. 6

491.7

470.1

473.8

480.2

489.7

495 3

501.8

418.0

430.1

420.4

420. 4

424.2

430.6

431.5

434. 0

72 l
217 5
202 1

70 9
209 5
189 8

70 6
210 3
192 9

69 4
214 2
196.6

72 5
217 2
200 0

72 7
218 5
204 1

73 8
220 3
207 7

71 3
187 7
159.1

72 1
193 0
165.0

71 9
188. 8
159.8

71.1
188.4
160.9

69.7
191. 8
162.6

72.9
193.6
164.1

72. 7
192.8
166.0

73.0
193.6
167. 4

118 0

Durable goods..
Nondurable goods _••"
Services.. _ _ _ _ __ _

785 0

465.9
70 3
207 5
188 1

Gross national product.
Personal consumption expenditures— . __ _

112 1 116 4

122 2

110 4

105 1

112 2

120 8

105 6

96.9

103 6

108.4

96.9

91.3

96.4

103.0

111 6

93 0

92 1

93 0

91.2

90.2

90.9

92.9

94.4

73 0
21 8
51.2

73 6
23.7
49.9

74. 2
23.0
51.2

73.0
22.9
50.1

72.6
21.7
51.0

73.2
21.5
51.7

73.3
21.4
52.0

104 9

103 7

82 6
26 8
55 7

81 2
28 2
53.1

82 8
27 7
55.1

81 9
27 7
54.2

81 5
26 3
55 2

82 8
26 6
56 2

84 0
26 7
57 3

72 8
23 6
49.2

24 4
23 g
5

24 4
23 9
6

23 7
23 2
5

20.9
20 4
5

21.4
20 9
6

23 1
22 5
6

25 6
25 0
'g

27 6
27 0
6

20.2
19 7
5

19.1
18 6
.5

19.4
19 0
.5

17.0
16. 5
.5

17.3
16.8
.5

18.3
17.8
.5

19.7
19.2
.4

21.0
20.6
.4

13 4
13 7
3

52
48
4

11 4
12 0
— 5

18 5
19 0
— 5

71
73
_ 2

5
6
— i

38
34
4

9 2
77
15

48
4.4
4

10.6
11.1
— 5

17.2
17.7
— .5

6.7
6.8
— .2

.4
.5
-.1

3.5
3.2
.4

8.7
7.2
1.5

51

48

4 6

4.3

53

5.3

54

3.0

12 6
12 9
— ^
4.4

3.6

4.1

3.2

4.1

4.1

4.2

1.9

104 6

Nonresidential.
Structures..
Producers' durable equipment

80 2
27 9
52 3

Kesidential structures
Nonfarm
__
Farm—
__
Change in business inventories
Nonfarm...
Farm
___ _
Net exports of goods and services
Exports..Imports

_______
_

107 0

103 3

104 6

108 4

43 0
37 9

Federal...
National defense
Other

__
•__

State and local

43 7
39 0

44 0
39 7

45.3
39 9

45 1
39 8

45 6
40 2

45 4
42 4

40.8
36 4

42.5
38 9

41. 4
37.3

41.2
38.0

42.4
38.3

42.3
38.2

42.8
38.6

154 3

176 3

157 7

161 7

170 4

175.0

178 2

181 7

124 5

138. 7

126.6

129.1

135. 5

138.7

139. 9

140.7

89 9
72 5
17 4

79 5
63 0
16 6

81 5
65 6
15 9

87 1
70 2
16 8

89 5
72 5
17 0

90 9
73 3
17 6

92 2
74 2
18 0

64 7

74.1

66.4

67.8

72.3

74.4

75.1

74.7

77 2

Government purchases of goods and services..

45 3
40 6

77 o
60 5
16 5

:_

42.5
40.7

86 4

78 1

80.2

83.3

85 4

87 4

89.5

59.9

64.6

60.1

61.3

63.2

64.3

64.9

66.0

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

743 3

Final sales
Change in business inventories

_

Goods output-..

729 9
13.4

785. 0

748 8

762 1

766 3

775.1

779 8
5.2

737 4
11.4

743 6
18.5

759 2
7.1

774 6
5

791 2

807.3

652 6

669. 3

654. 8

661.1

660.7

664.7

672. 0

679.6

787 4
38

798 1
9.2

639 9
12.6

664.5
4.8

644.2
10.6

643.9
17.2

654.0
6.7

664.3
.4

668.5
3.5

671. 0
8.7

379 6

396 0

381 8

391 7

388 1

392 1 398 7

405 2

353 7

361 4

354 7

361 1

356 6

359.5

362.9

366.5

366 2
13 4

390 8
52

370 3
11 4

373 2
18 5

380 9
7.1

391 6
5

394 9
38

396 0
92

341 0
12.6

356 6
4.8

344.1
10.6

343. 9
17.2

349.9
6.7

359. 1
.4

359.4
3.5

357.8
8.7

Durable goods— _ _ _
Final sales-____ _ _ _
Change in business inventories .

154 6
144 7
99

158 5
155 7
2 7

155 7
145 8
99

161 1
148 3
12 8

153 9
150 5
34

155 5
156 0
— 6

161 4
157 9
35

163 1
158 6
4 5

150 0
140 6
93

150 2
147 8
2.4

150 8
141 6
9.2

154 2
142. 3
11.9

146 6
143.6
3.0

148.3
148. 9
-.6

153. 0
149.8
3.2

152.9
148.8
4.1

Nondurable goods • _
Final sales
__ ___
Change in business inventories

225 0
221 5
35

237 5
235 1
25

226 1 230 6
224 5 224 9
15
57

234 2
230 5
37

236 6
235 5
1i

237 3 242 1
237 0 237 4
3
47

203 7
200 4
33

211. 2
208 8
24

203. 9
202 5
1.4

206. 9
201.6
5.3

210.0
206.3
3.6

211.2
210.2
1.0

209.8
209.5
.3

213.6
209.0
4.6

287 2

311 2

291 6

303 1

307 8

313 5

320 3

235 2

245 8

237 9

239 8

242 7

244.4

246.9

249.2

61.3

60.8

62.3

64.0

Final sales.....
_
Change i n business inventories. _ _ _ _ • ' _ _ '

Services
Structures

76 5

77 8

75 5

296 9
73 5

75 2

75 2

79 0

81 8

63 7

62 1

62 2

60.2

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




743 3

785 0

748 8

666 7

699 6

670 6

642 4
617 6
24 g

673 7
649 7
24 0

646 2
621 6
24 6

20 1

21 5

42
76 6

4 5
85 3

807 3

652 6

669 3

654 8

661 1

660.7

664.7

672.0

679.6

705 2

718 7

597 5

610 2

599 0

604 2

602 7

606.0

612 5

619.6

679 0
654 6
24 4

691 9
667 1
24 8

578 9
556 4
22 4

590 6
566 6
24 1

580 2
558 0
22 2

585 1
562 7
22 4

583.6
559 9
23.7

586.6
563 0
23.6

592.7
568.4
24.2

599.6
574. 9
24.7

22 1

14 7

15 3

14.8

14.9

15.1

15.3

15.0

15.6

4 5

4o

4.3

4.0

4.0

4.8

4.4

57.9

58.7

59.6

60.0

766 3

775 1

681 9

683 9

690 9

656 9
633 0
23 9

658 7
635 1
23 6

665 3
641 9
23 3

20 3

20 6

21 1

21 4

41

4 4

21 2
49

78 2

762 1

80 2

41
82 5

4 2
84 2

791 2

86 0

88 6

55 0

43
59 1

40
55 8

56 9

CURRENT BUSINESS STATISTICS

JLHE STATISTICS here update series published in the 1967 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.50) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1963 through 1966 (1956-66 for major quarterly series), annually, 1939-66; for selected series,
monthly or quarterly, 1947-66 (where available). Series added or significantly revised after the 1967 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1966 issued too late for inclusion in the 1967 volume appear in the monthly
SURVEY beginning with the September 1967 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

Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS

1965

1966

1964
IV

Annual total

1965
I

II

1966
III

IV

I

II

19671
III

IV

I

II

III

IV

775 1

791.2

495. 3 ' 501. 8

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
632.4

683.9

743.3

645. 1

662. 7

675.4

690.0

do

Personal consumption expenditures, total

401. 2

433.1

465.9

408.9

420.2

428.1

436.4

447.8

458. 2

461.6

470.1

473.8

480.2

489.7

59.2
25.8
25.0

66.0
29.9
27.0

70.3
29.8
29.9

58.7
24.6
25.6

65.2
30.4
25.8

64.2
29.2
26.1

66.1
29.8
27.3

68.6
30.3
28.9

71.6
31.4
29.4

68.2
28.5
29.1

70.9
29 8
30.6

70.6
29 6
30.6

69.4
27.3
31.4

72.5
29.7
31.9

72.7
29.9
32.1

178.7
33.5
92.9
14.0

191.2
36.1
99.0
15.1

207.5
40.3
106. 7
16.2

182.9
34. 5
95.1
14.3

184.6
34.6
95.6
14.3

189.8
35.6
98.3
15.1

192.4
36.2
99.4
15.3

198.0
37.8
102.5
15.7

203.2
39.5
105.2
15.8

207. 1
39.8
107.0
16.2

209 5
41.0
107.3
16 3

210.3
40.8
107.2
16.6

214 2
41.5
109.3
17.1

217.2
43.2
110. 1
17.5

218.5
43.7
110.9
17.5

r

163.3
24.3
59.3
11.6

175.9
25.7
63.6
12.6

188. 1
27.0
67.1
13.6

167.3
24.5
60.8
11.8

170.4
24.7
61.9
12.0

174.2
25.5
63.2
12.5

177.8
26.1
64.2
12.8

181.2
26.5
65.3
13.1

183 5
26.1
66.2
13.2

186.3
26.9
66.5
13.5

189 8
27.4
67.4
13 7

192 9
27.7
68.5
14.0

196 6
27.8
69.6
14.4

200 0
28.1
70. 6
14.6

204 1
28.1
71.9
14.8

r

Durable goods, tota!9
do
Automobiles and parts
do
Furniture and household equipment _ _ do_.
Nondurable goods, total 9
Clothing and shoes
Food and beverages
Gasoline and oil
Services total 9
Household operation
Housing
Transportation

r

bil. $

Gross national product total

do
_.do
do
do
_ _ _ _ _ _ _

do
_do
do
do

708.4

725.9

736 7

748 8

762 1

766 3

807. 3
r
r

73.8
30. 1
32.6

220. 3
43. 1
112.2
17.8

r

207. 7
r

r

90 o

73.3
15.1

94.0

107.4

118.0

97.9

105.1

105.1

108.2

112.3

115.2

118.5

116.4

122.2

110. 4

105. 1

112.2

' 120. 8

88.2
61.1
21.2
39.9
27.1
26.6
5.8
6.4

98.0
71.1
25.1
46.0
27.0
26.4
9.4
8.4

104.6
80.2
27.9
52.3
24.4
23.8
13.4
13.7

90.2
63.4
21.8
41.6
26.8
26.3
7.7
8.1

94.4
67.3
23.1
44.1
27.2
26.6
10.6
10.1

96.3
69.3
24.7
44. 6
27.0
26.5
8.8
7.9

98.8
71.9
25.1
46.8
26.9
26.4
9.4
79

102.4
75 7
27.3
48.3
26.8
26.2
9.9
87

105.3
78.3
28.3
50.0
27.0
26.5
9.9
96

104.5
78.7
27.5
51.2
25.8
25.3
14.0
14.4

104.9
81 2
28.2
53.1
23 7
23.2
11.4
12 0

103. 7
82.8
27.7
55.1
20.9
20.4
18.5
19 0

103. 3
81.9
27.7
54. 2
21.4
20.9
7.1
7 3

104.6
81.5
26.3
55.2
23.1
22.5
.5
.6

108.4
82.8
26.6
56.2
25.6
25.0
3.8
3.4

'111.6
'84.0
'26. 7
57.3
'27.6
'27.0
'9.2
r
7.7

8.5
37.1
28.6

6.9
39.1
32.2

5.1
43.0
37.9

8.5
38.3
29.8

6.1
35.1
28.9

8.2
40.7
32.6

7.4
40.3
32.9

6.1
40 5
34.4

6.1
42.0
36.0

5.4
42.5
37.1

4.6
43.7
39.0

4.3
44.0
39.7

5.3
45 3
39.9

5.3
45.1
39.8

5.4
45.6
40.2

'3.0
'45.4
'42.4

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

128.7
65.2
50.0
63.5

136. 4
66.8
50.1
69.6

154.3
77.0
60.5
77.2

1,29.8
;*?64. 5
48.9
65.3

131.3
64.3
48.4
66.9

133.9
65.4
49.2
68.6

138.1
67.6
50.3
70.4

142.3
69.8
52 4
72 5

146.5
72.1
55.1
74.3

151.2
74.9
58.4
76.2

157.7
79.5
63.0
78.1

161. 7
81.5
65.6
80.2

170. 4
87. 1
70 2
83.3

175. 0
89.5
72.5
85.4

178.2
90.9
73.3
87.4

r 181. 7

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

626.6
313.6
122.8
190.7
244.2
68.8

674.5
337.2
132.8
204.4
262.9
74.4

729 9
366.2
144 7
221.5
287.2
76 5

637 4
317.9
123.3
194.7
250.1
69 3

652 0
325.9
129. 6
196.3
254.6
71 6

666 5
332.8
130 0
202.9
260.1
73 6

680 6
340.2
133 9
206.3
266 0
74 4

698 5
349 9
137 9
212 0
271 0
77 6

716 0
359.6
143 2
216.4
276 6
79 9

722 6
361.7
141 6
220.1
283.5
77 4

737 4
370 3
145 8
224.5
291 6
75 5

743 6
373. 2
148 3
224.9
296 9
73 5

759 2
380 9
150 5
230 5
303 1
75 2

774. 6
391.6
156.0
235.5
307.8
75.2

787 4
394. 9
157.9
237.0
313. 5
79 0

r
r
r
r

5.8
4 2
1.6

9.4
6.7
2.7

13.4
99
3.5

7.7
4 5
3.2

10.6
8 7
2.0

8.8
7o
1.8

9.4
71
2.3

9.9
50
4.9

9.9
74
2 5

14.0
9 7
4.3

11.4
9g
1.5

18.5
12 8
5.7

7.1
34
37

.5
—.6
1.1

3.8
35
.3

bil. $

581.1

616.7

652.6

588.5

601.5

609.7

620.7

634.4

645 4

649.3

654.8

661.1

660 7

664.7

672. 0

r

do

373. 7

398. 4

418.0

379.3

389.1

394.1

400.7

409.9

416.2

415.2

420.4

420.4

424.2

430. 6

431.5

' 434. 0

do
do
_ _ do

59 0
170.3
144. 4

66.4
178.9
153.2

71 3
187 7
159.1

58 7
173 5
147.1

65 0
174 7
149 4

64 1
178 0
152.0

66 8
179 3
154.6

69 5
183 6
156 8

73 0
185 8
157 3

69 3
187.7
158.2

71 9
188 8
159.8

71 1
188.4
160.9

69 7
191 8
162 6

72.9
193. 6
164. 1

72.7
192.8
166.0

73.0
'. 193. 0
' 167. 4

87.8

98.0

105. 6

90.8

95.9

95.9

98.3

101.6

104.0

106.5

103.6

108. 4

96.9

91.3

96.4

r 103. 0

81 9
57.8
24 2
5.8

89 1
66.0
23 2
8.8

93 0
72.8
20 2
12.6

83 2
59.7
23 5
7.6

86 6
62 9
23 7
9^3

87 9
64 5
23 4
8.0

89 6
66 7
23 o
8.7

92 4
69 7
29 g
9.2

94 5
71 8
22 8
9.5

93 1
71.7
21 4
13. 4

93 0
73 6
19 4
10.6

91 2
74.2
17 0
17.2

90 2
73 0
17 3
6.7

90.9
72.6
18.3
•4

92.9
73.2
19.7
3.5

r94.4
r

8.3

6.0

4.4

7.9

5.2

6.8

6.4

5.6

5.4

4.8

4.1

3.2

4.1

4.1

4.2

135.5
72 3
63.2

138.7
74.4
64.3

139.9
75.1
64.9

Gross private domestic investment, total

do

Fixed investment
__do
Nonresidential
do
Structures
_ _ _
do_
Producers' durable equipment
do
Residential structures
do
Nonfarm
- do _
Change in business inventories
. _ _ _ _do_ __
Nonfarm
do
Net exports of goods and services
Exports
Imports
- _ _ _-

do
do
_ - _ do_ __

do
do_ _
do
_ do
do
do

...

Change in business inventories
Durable goods
Nondurable goods

do
do
do

-•92.2
' 74.2
89.5

798. 1
396. 0
158. 6
237. 4
' r320. 3
81.8
>9.2
r

4.5

'4.7

GNP in constant (1958) dollars
Gross national product, total
Personal consumption expenditures, total
Durable goods
Nondurable goods
Services

_

___

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

do____
do
do
do
__do
_._do____

Govt. purchases of goods and services, total, .do
111.2
114.3
110.5
124.5
111.3
Federal
. _
do
58 1
57 8
64 7
56 3
56 7
State and local
_
do
53.2
56.4
59.9
53.8
55! o
r
Revised.
v Preliminary.
1 Annual totals for 1967 for national income and product
and disposition of personal income appear on p. 3 ff. of this issue of the SURVEY.

 - 2
287-569 O - 6 8


112.9
115.3
57 1
58 5
55.8
56.7
9 Includes data

122.7
117.4
119.9
63 4
59 3
61 2
59.4
58.0
58.7
not shown separately.

126.6
66 4
60.1

129.1
67 8
61.3

s-1

679. 6

73.3
'21.0
'8.7
'1.9
' 140. 7
'74. 7
66.0

February 1968

SURVEY OF CUEEENT BUSINESS

S-2
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS

1964

1965

1966

Annual total

I

II

III

IV

I

II

1968

1967 «

1966

1965

III

IV

I

II

I

IV

III

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
bil $

518.1

562.4

616.7

544.9

555.3

566. 5

582.8

600.3

610.4

622.1

634.1

636. 4

641.6

653.4

Compensation of employees, total _ _

do

365.7

393.9

435.7

381.5

388.6

397.2

408.4

420.8

430.7

441.2

450.2

459.1

463.4

472.6

Wages and salaries, total
Private
_
Military
Government civilian
Supplements to wages and salaries

do
do
do
do
do

333.7
269.4
11.7
52.6
32.0

359.1
289.8
12.1
57.1
34.9

394.6
316.7
14.7
63.2
41.1

347.7
280.8
11.8
55.1
33.8

354.2
286.2
11.7
56.3
34.5

362.0
292.1
12.1
57.8
35.2

372.4
300.0
13.1
59.4
36.0

381.3
306.9
13.6
60.7
39.5

390.2
313.8
14.2
62.2
40.5

399.6
320.1
15.1
64.3
41.6

407.4
326.1
15.8
65.6
42.7

414. 7
331.4
16.1
67.3
44.4

418.3
333.2
16.2
68.9
45.2

426.2 r 435. 9
339.4 ' 346. 2
17.3
16.3
72.5
70.6
47.6
46.4

do
do
do
do

52.3
40.2
12.1
18.0

56.7
41.9
14.8
19.0

59.3
43.2
16.1
19.4

55.0
41.4
13.6
18.6

56.7
41.7
15.0
18.9

57.2
42.0
15.2
19.1

57.8
42.5
15.3
19.2

60.0
42.8
17.1
19.2

59.3
43.3
16.0
19.3

59.2
43.3
15.9
19.4

58.6
43.4
15.1
19.6

57.8
43.2
14.6
19.8

57.8
43.4
14.3
20.0

58.8
43.8
15.0
20.2

82.2

72.6

73.4

74.9

78.7

81.1

81.3

81.9

84.6

78.1

78.3

79.2

8.4
66.5
38.6
16.5
22.1

8.6
70.0
41.0
17.4
23.7

8.9
72.2
42.7
18.3
24.3

9.0
72.2
42.5
18.5
24.0

9.5
72.4
42.7
18.8
23.9

9.6
75.0
44.4
19.2
25.3

9.6
68.5
39.6
18.4
21.1

9.5
68.8
38.9
17.8
21.1

9.6
69.6
38.2
17.7
20.5

National income, total

Proprietors' income, total 9
Business and professional 9
Farm
.
Rental income of persons

.•

r

483. 6

59.3
44.1
15.2
20.4

Corporate profits and inventory valuation adjustment total
bil $
By broad industry groups:
Financial institutions
do
Nonfinancial corporations total
do
Manufacturing total
do
Nondurable goods industries
do
Durable goods industries. ...
do
Transportation, communication, and public
utilities
bil $
All other industries
do

66.3

74.9

7.9
58.4
32.7
14.9
17.8

8.4
66.5
38.7
16.5
22.2

9.3
72.9
43.1
18.7
24.4

8.2
64.4
37.5
15.9
21.6

8.4
65.0
37.7
16.0
21.6

10.1
15.5

11.2
16.6

11.9
18.0

10.6
16.3

10.9
16.5

11.2
16.7

12.0
17.0

11.7
17.8

12.0
17.8

11.8
17.9

12.0
18.6

11.7
17.3

11.9
18.0

12.1
19.3

Corporate profits before tax total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest

66.8
28.3
38.4
17.8
20.6
-.5
15.8

76.6
31.4
45.2
19.8
25.4
-1.7
17.9

83.8
34.5
49.3
21.5
27.8
-1.6
20.2

74.0
30.3
43.7
18.7
25.0
-1.4
17.1

75.6
30.9
44.6
19.4
25.2
-2.1
17.6

75.8
31.1
44.8
20.2
24.6
-.9
18.2

80.8
33.1
47.7
20.9
26.8
-2.2
18.8

83.7
34.5
49.2
21.4
27.8
-2.6
19.3

83.6
34.5
49.2
21.6
27.6
-2.3
19.8

84.0
34.6
49.4
21.6
27.8
-2.2
20.4

83.9
34.6
49.3
21.2
28.2
.7
21.1

79.0
32.5
46.5
22.2
24.2
-.8
21.6

78.9
32.5
46.5
23.1
23.4
7
22! 1

80.0
32.9
47.1
23.4
23.6
-.8
22.7

bil $
do
do
do
do

497.5
59.4
438.1
411.9
26.2

537.8
65.6
472.2
445. 0
27.2

584.0
75.2
508.8
479.0
29.8

520.3
64.3
456.0
431.6
24.5

530.1
66.1
464.0
439.9
24.0

544.6
65.2
479.4
448.5
30.9

556.1
66.7
489.4
460.1
29.3

567.8
70.4
497.5
470.9
26.6

577.3
74.1
503.3
474.6
28.7

589.3
76.9
512.4
483.2
29.2

601.6
79.6
522.0
487.4
34.6

612.9
80.2
532.7
493.9
38.8

619. 1
79.1
540.0
504.0
36.0

631.0
82.8
548.2
509.6
38.5

r 557!

9

r

2

bil. $
..do
do
do

44.90
18.58
9.43
9.16

51.96
22.45
11.40
11.05

60.63
26.99
13.99
13. 00

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

12.77
5.61
2.87
2.74

15.29
6.78
3.51
3.27

15.57
6.84
3.54
3.30

17.00
7.75
4.07
3.68

13.59
6.10
3.08
3.02

15.61
6.81
3.46
3.34

15.40
6.48
3.33
3. 15

116.87 214.32
6.07
7.46
3.17
3.90
2.90
3.55

1.19
1.41
2.38
6.22
4.30
10.83

1.30
1.73
2.81
6.94
4.94
11.79

1.47
1.98
3.44
8.41
5.62
12.74

.29
.39
.58
1.32
1.08
2.59

.33
.44
.77
1.71
1.24
2.85

.32
.44
.72
1.88
1.22
3.10

.35
.46
.73
2.04
1.41
3.25

.33
.40
.75
1.60
1.26
2.83

.40
.55
1.00
2.09
1.42
3.06

.37
.48
.82
2.36
1.36
3.33

.38
.55
.86
2.36
1.58
3.52

.32
.41
.70
1.84
1.35
2.87

.34
.41
1.12
2.46
1.49
2.99

.37
.35
.98
2.66
1.46
3.09

49.00
20.75
10.40
10.40

50.35
21.55
10.80
10.70

52.75
23.00
11.75
11.25

55.35
24.15
12.45
11.70

58.00
25.60
13.15
12.45

60.10
26.80
13.85
12.95

61.25
27. 55
14.35
13.20

62.80
27.75
14.50
13.25

61.65
27.85
14.20
13.70

61.50
27.00
13.75
13.25

60.90 i 62. 05 2 65. 05
26.55 27.75
26.15
14. 60
13.75
13. 50
13.15
12.80
12.65

1.25
1.75
2.55
6.80
4.55
11.30

1.30
1.55
2.70
6.85
4.80
11.60

1.25
1.70
3.00
6.75
5.05
11.95

1.35
1.95
3.00
7.30
5.30
12.25

1.40
1.75
3.30
8.25
5.35
12.35

1.55
2.00
3.50
8.30
5.50
12.45

1.45
1.85
3.40
8.55
5.60
12.85

1.45
2.35
3.50
8.50
5.95
13.30

1.40
1.80
3.05
9.20
5.75
12.55

1.30
1.55
3.90
9.70
5.80
12.25

1.60
1.50
1.45
1.50
1.45
1.40
4.75
4.45
4.10
11.15
9.60
9.80
6.05
11.95 3 18. 50 s 18. 35

8,768
5,628
210
1,499
1,431

10, 180
6,880
192
1,562
1,546

10, 080
6,811
230
1,474
1,565

10, 119
6,925
212
1,353
1,629

10,511
7,203
209
1,469
1,630

10, 618
7,181
222
1,535
1,680

10, 913

10, 997
7,402
210
1,654
1, 731

11, 361
7,676
339
1,578
1,768

11, 362
7,717
336
1,547
1, 762

do
do
do
do
do
do
do

22.4
r-2.3

23.3

DISPOSITION OF PERSONAL INCOME
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
Less: Personal tax and" nontax paymentsEquals* Disposable personal income
Less* Personal outlays©
Equals" Personal saving§

r 642. 5
516.

41.6

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
_
Manufacturing
_ _ _ _
Durable goods industries^ _ _
Nondurable goods industries^!
Mining
Railroad
_
Transportation, other than rail
Public utilities
'
Communication
Commercial and other

do
do
do
do
do
do_ __

Seas. adj. qtrly. totals at annual rates:
All industries
do
Manufacturing
_ _ _ do
Durable goods industries!
do
Nondurable goods industries! _
-do
Mining ._ ___ _
do _
Railroad
_ _
__
do
Transportation, other than rail
do
Public utilities - _•_
_ _ _ _ - _._ do.
Communication
do
Commercial and other
do

.40
.37
1.08
2.63

.37
.34
1.10
2.22

34.95

34.22

U.S. BALANCE OF INTERNATIONAL
PAYMENTScf
Quarterly Data Are Seasonally Adjusted
(Credits -f; debits — )
Exports of goods and services (excl. transfers under
military grants)
mil $
Merchandise, adjusted, excl. military.
do
Military sales. _
___ _ do ___
Income on U.S. investments abroad
do
Other services
do

37,099
25, 297
747
5,389
5,666

39, 147
26,244
844
5,888
6,171

43, 039
29, 168
847
6,245
6,779

-28, 637 -32, 203 -37, 937 -7, 232 -8, 139
Imports of goods and services
do
Merchandise, adjusted, excl. military,.- _ do_ _ -18, 621 -21, 472 -25, 510 -4, 669 -5, 475
-711
Military expenditures
do
-2, 861 -2, 921
-671
3 694
-2, 074
-424
Income on foreign investments in the U.S__do
-1,455 -1, 729
-401
-5,700 -6,081 -6,659 -1, 491 -1, 529
Other services
do
Unilateral transfers, net (excf. military grants);
9 O95
RKA
9 8^4
-2, 782
-775
r
Revised.
p Preliminary.
<* See note 1 on p. S-l.
i Estimates for Oct.-Dec. 1967 based on anticipated capital (expenditures of business,
2 Estimates for Jan.-Mar. 1968 based on anticn:>ated cap ital expenditures of busin ess.
nuAnticipated expenditures for the year 1967 are as foliows (in bil $) : All industries, 61.48; ma
facturing, total, 26.84; durable goods industries, 13. 78; nondu rable goods industries, 13 .07;
mining, 1.43; railroad, 1.55; transportation, 3.88; put>lic utiliti es, 9.59; commercial and ot her
3
(incl. communication), 18.20.
Includes commun i cation.
9 Includes inventory valuation adjustment.




-8, 233 -8, 599
-5, 556 -5, 772
-754
-785
-435
-469
1 488 -1, 573

1, 587

-8,997 -9, 265 -9, 762
-6, 025 -6, 225 -6, 580
-911
-953
-861
-471
-565
-475
1 658
-1, 636

-9, 913 -10,004
-6, 680 -6, 662
-969 -1, 045
-557
-563
-1, 701 -1,740

p 11,479
p7,644 p 7,478
?205
p 1, 834
p 1, 796

-10, 038 p-10,110
-6, 558 p-6,555 p-7,111
-1,070 p-1, 072
-547 p-583
-1,863 p-1, 900

p-864
-852
-728
-632
733
-709
-725
-660
-851
©P ersonal c utlays comprise personal consum ption ex]Denditunis, intere st paid by conto foreigrlers.
sumei s, and p ersonal ti ansfer p£lyments
§Pe rsonal sa ving is ejccess of d isposable income over pers onal out ays.
5[Djita for in dividual durable and nondurable goods inclustries c,ompone]its appear in the
Mar., June, Se pt., and Dec. issu es of the SURVEY.
c^M ore comj>lete deta ils are giv en in the quarterl y review.? in the IV[ar. , Jun(j, Sept., and Dec.
issues of the SiJRVEY.

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