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SURVEY OF CUREENT BUSINESS 10 February 1974 NATIONAL INCOME AND PRODUCT TABLES 1972 1972 1973 III 1973 IV I II 1972 III IV 1972 1973 III 1973 IV Seasonally adjusted at annual rates I II III IV Seasonally adjusted at annual rates Billions of current dollars Billions of 1958 dollars Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2) 1, 155. 2 1, 289. 1 1, 166. 5 1, 199. 2 1, 242. 5 1, 272. 0 1, 304. 5 1, 337. 5 Gross nation&l product Personal consumption expenditures Durable goods Nondurable goods Services _ _ Gross private domestic investment _ Fixed investment - - - Nonresidential Structures .. . . Producers' durable equipment - Residential structures Nonfarm Farm .. . Change in business inventories Nonfarm Farm .. Net exports of goods and services Exports Imports - - - Government purchases of goods and services Federal National defense Other State and local _- . . 790.7 837.4 796.7 812.3 829 3 834 3 841 3 844 6 726 5 804.0 734.1 752.6 779.4 795.6 816.0 825 2 526.8 553.9 531.0 540.5 552 7 553 3 558 1 551 3 117.4 299.9 309. 2 130.8 335 9 337.3 120.2 302.3 311.6 122.9 310.7 319.0 132.2 322.2 325.0 132.8 330.3 332.6 132.8 341.6 341.6 125.6 349 6 350.0 104.0 220.9 201.8 114. 3 228 8 210.7 105.8 222.2 202.9 109.2 225.8 205.4 117.0 228.8 207.0 116.2 228.0 209.1 115.4 230 2 212.5 108 7 228 3 214 3 178.3 202.1 181.5 189.4 194.5 198.2 202.0 213.9 122.9 132.2 124.8 129.1 130.2 130.2 130.8 137.6 172.3 194.2 172.9 181.2 189.9 193.7 197.3 195.9 118.3 126 6 118.2 122.8 126.9 126.9 127.7 125 0 118.2 41.7 76 5 136.2 48.4 87 8 118.3 41.3 77.0 124.3 43.0 81.2 130.9 45.3 85.5 134.1 47.2 86.9 138.0 49.5 88.6 141 8 51.7 90 1 83.7 23.0 60.8 92 6 24.9 67 7 83.4 22.7 60.7 87.5 23.1 64.3 91.2 23.8 67.4 91.5 24.4 67.2 93.2 25.2 68 0 94 5 26 2 68 3 54 0 53.5 .6 58 0 57.4 .6 54.5 53.9 .6 56.9 56.4 .5 59.0 58.4 .6 59.6 59.1 .5 59.2 58.6 .6 54 0 53 4 .7 34.6 34.2 .4 34 0 33 6 .4 34.7 34.3 .4 35.3 35.0 .3 35.6 35.3 .4 35 3 35.0 .3 34 5 34.2 .4 30 5 30 1 4 60 5.6 .4 80 7.3 .6 8.7 8.4 .3 82 7.9 .3 4.6 4.4 .2 4.5 4.4 .1 4.7 3.2 1.5 18 0 17 3 .7 4.6 4.5 .1 56 52 .3 6.6 6.6 .0 6.3 6.2 .1 3.3 3.2 .1 34 3.3 .1 30 23 .7 12 5 12 1 4 -4.6 5.8 -3.8 -3.5 .0 2.8 7.6 12.8 6.7 -.9 -.8 2.0 5.6 7.4 11.6 73.5 78.1 102.0 96.2 74.0 77.7 79. 7 83.2 89.7 89.7 97.2 94.4 104.5 97.0 116.4 103.6 56.4 58.4 67.6 60.9 56.6 57.5 59.6 60.3 65.3 63.3 66.6 61.1 67.4 60.0 71 0 59.4 255.0 277.1 254.7 260.7 268.6 275.3 279.0 285.6 143.0 144.7 141.8 143.5 144.4 145 2 145 0 144.1 104.4 74.4 30.1 106.6 73.9 32 7 102.3 71.9 30 4 102.7 72.4 30 3 105.5 74.3 31 2 107.3 74.2 33 1 106.8 74.2 32.7 106.8 73.0 33 8 60.8 57.1 58.8 58.6 58.2 58.2 57.2 54.9 150.5 170.5 152.4 158.0 163.0 168.0 172.2 178.8 82.2 87.6 83.0 85.0 86.2 87.0 87.8 89.2 -2.0 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 1 155 2 1 289 1 1 166 5 1 199 2 1 242 5 1,272 0 1 304 5 1 337 5 790 7 837 4 796 7 812 3 829 3 834.3 841.3 844.6 1 149. 1 1 281 1 1 157 8 1 191 0 1 237 8 1 267 5 1 299 8 1 319 4 4.5 4.7 6.0 80 8 2 4 6 18 0 8.7 786 1 4.6 831 8 56 790 0 6.6 806.0 6.3 826 0 3.3 831.0 3.4 838.3 3.0 832 1 12.5 541.4 614 7 548 6 563 6 589 6 604. 2 622.3 642 6 423 9 455 9 428.4 438.4 452.1 453.9 456.8 460.9 535.4 6.0 606 7 80 539.9 8. 7 555 4 8.2 585.0 4.6 599 6 4.5 617 6 4.7 624 6 18 0 419.3 4.6 450 3 56 421.7 6.6 432.1 6.3 448.7 3.3 450.5 3.4 453.7 3.0 448.4 12.5 Durable goods Final sales Change in business inventories. 219. 1 214. 1 4.9 250 1 242 1 80 222.6 216.8 5.8 233.2 222 8 10.4 242.5 238 1 4.4 249.7 242 4 7.3 254.3 246 2 8.0 254 2 241 7 12 4 184. 1 180 2 3.9 206 2 200 4 58 186.2 181.8 4.4 196.3 188.0 8.2 203.4 200.3 3.2 207.1 201.8 5.4 208.1 202.4 5.7 206.0 197.2 8.9 Nondurable goods Final sales Change in business inventories 322.3 321.2 1. 1 364 5 364 6 — 1 326.0 323. 1 2 9 330.3 332.5 —2 2 347.2 346.9 3 354.5 357.3 —2 8 368.0 371.4 —3 4 388 4 382 8 5 6 239.8 239. 1 7 249 7 250 0 2 242.2 240.0 2 2 242.1 244. 1 —1.9 248. 7 248.5 .2 246.7 248.7 -2.0 248.7 251.3 -2.6 254.9 251.3 3.6 487 3 126.5 534 5 139.9 491 8 126 2 503 9 131 7 514 8 138 1 527 7 140 1 540 8 141 4 554 7 140 2 292 6 74 2 306 0 75.5 294 5 73.8 298 8 75.1 300 6 76.7 304 1 76.3 308 6 76.0 310.5 73.1 Goods outputFinal sales Change in business inventories _ . Services Structures 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- . Federal State and local .. 1 155 2 1 289 1 1 166 5 1 199 2 1 242 5 1 272 0 1 304 5 1 337 5 790 7 837 4 796 7 812 3 829 3 834.3 841.3 844.6 1 019 7 1 141 6 1 030 0 1 060 0 1 098 9 1 126 2 1 156 3 1 184 9 729 5 774 9 735 3 750.3 767.1 772.0 778.8 781.7 984 9 1 013 6 1 050 5 1 076 8 1 105 2 1 131 1 706 6 951 0 976 9 1 008 9 1 033 5 1 056 2 1 074 4 682 0 49 o 33 9 41 6 43 3 24 6 36 7 56 7 750 8 727 7 23 2 712.3 688 7 23 6 726.8 702 5 24.2 742.9 718. 1 24.8 748.3 725.9 22.4 754.7 733.6 21.2 757.4 733.2 24.2 975.4 1 090 9 941 0 1 043 2 34 4 47 7 . 36.8 7.5 41 1 96 37.5 7 6 37.8 8 7 39.3 9 1 40.5 89 41.8 9 3 42 9 10 9 17.4 55 18 3 58 17.5 5.5 17.4 6.2 18.0 6.3 18.2 5.5 18.5 5.4 18.5 5.9 135 4 50 3 85 1 147 5 52 8 94 8 136 5 50 2 86 4 139 2 50 5 88 7 143 5 52 5 91 1 145 8 52 2 93 6 148 2 52 3 96 0 152 5 54 1 98 4 61 1 21 8 39 3 62 5 21 3 41 1 61 3 21 7 39 7 62.0 21 7 40.3 62.2 21 6 40.6 62.4 21.4 41.0 62.5 21.2 41.3 62.9 21.2 41.7 HISTORICAL STATISTICS THE national income and product data for 1929-63 are in The National Income and Product Accounts of the United States, 1929-1965, Statistical Tables (available at $1 from Commerce Department District Offices or the Superintendent of Documents; see addresses inside front cover). Each July SURVEY contains preliminary data for the latest 2 years and fully revised data for the preceding 2. The July 1973 issue has data for 1969-72. Prior July issues have fully revised data as follows: 1968-69, July 1972; 1967-68, July 1971; 1966-67, July 1970; 1965-66, July 1969; 1964-65, July 1968. BEA will provide on request a reprint of the fully revised data for the years 1964-69. CURRENT BUSINESS STATISTICS j_HE STATISTICS here update series published in the 1971 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY OF CURRENT BUSINESS. That volume (available from the Superintendent of Documents for $3.00) provides a description of each series, references to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1967 through 1970 (1960-70 for major quarterly series), annually, 1947-70; for selected series, monthly or quarterly, 1947-70 (where available). Series added or significantly revised after the 1971 BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1970 issued too late for inclusion in the 1971 volume appear in the monthly SURVEY beginning with the September 1971 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding to revised annual data are available upon request. The sources of the data are given in the 1971 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and are also listed alphabetically on pages 189-90. Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights. 1970 1972 | 1971 Unless otherwise stated in footnotes below, data through 1970 and descriptive notes areas shown in the 1971 edition of BUSINESS STATISTICS 1970 IV Annual total 1971 I | II 1972 III IV i | n 1973 III IV I | II III IV i Seasonally adjusted quarterly totals at annual rates GENERAL BUSINESS INDICATORS—Quarterly Series NATIONAL INCOME AND PRODUCTf Gross national product totalf - -- bil. $ Personal consumption expenditures, total.. do Durable goods total 9 do Automobiles and parts -do Furniture and household equipment... do 977.1 1,027.2 1,046.9 1,063.5 1,084.2 1,112.5 1,142.4 1,166.5 1,199.2 1,242.5 1,272.0 1,304.5 •1,337.5 1, 055. 5 1, 155. 2 991.8 667.2 726.5 628.3 650.0 662.2 673.0 683.4 700.2 719.2 734.1 752.6 779.4 795.6 816.0 ' 825. 2 91.3 37.3 39.6 103.6 46.6 42.1 117 4 52.8 48.1 88.1 33.1 40.3 100.3 44.7 41.3 101.9 45.5 41.6 105.4 48.3 41.9 106.7 47.8 43.6 111.5 49.4 46.6 115.1 51.2 47.3 120.2 55.0 48.6 122.9 55.7 50.0 132.2 60.5 53.7 132.8 59.7 54.4 132.8 59.2 55.0 ' 125 6 617.6 r 51. 8 '55.0 Nondurable goods, total 9 Clothing and shoes Food and beverages Gasoline and oil do . do do do 263.8 52 8 130.0 22.2 278.7 57 0 136.6 23.5 299.9 62 3 145.3 25.5 271.1 54.5 133.3 22.7 273.5 55.7 134.1 22.9 278.0 57.0 136.2 23.1 279.8 57.4 137.6 23.6 283.5 58.1 138.4 24.5 288.8 59 4 141.0 24.7 297.9 61.7 144.7 25.0 302.3 62 9 146.5 25.8 310.7 65.1 149.1 26.6 322.2 68.3 154.7 27.5 330.3 69.3 158.1 28.8 341.6 '349.6 70.3 '70 8 164.3 r 168. 3 29.4 ••30.5 Services total 9 Household operation __ Housing Transportation do do do do.. ^ 262.6 36.4 90.9 18.3 284.9 39.7 98.5 20.4 309.2 43.8 105.5 21.8 269.1 37.3 93.3 18.9 276.1 38.4 95.4 19.4 282.3 39.3 97.6 20.1 287.8 40.3 99.5 20.6 293.2 40.7 101.4 21.2 300.0 41.8 103.1 21.6 306.2 43.2 104.7 21.7 311.6 44.5 106.3 21.8 319.0 45.7 107.9 22.2 325.0 46.5 110.6 22.8 332.6 47.1 113.3 23.2 341.6 48.7 115.8 23.7 do _ T 350. 0 '49.5 118.4 '24.1 136.3 153.2 178.3 137.4 145.5 152.7 153.8 160.8 167.5 174.7 181.5 189.4 194.5 198.2 202.0 '213.9 do do do do -do do do do 131.7 100.6 36.1 64.4 31.2 30.7 4.5 4.3 147.1 104.4 37.9 66.5 42.7 42.2 6.1 4.5 172 3 118.2 41.7 76 5 54.0 53.5 6.0 5.6 132.3 98.5 36.5 62.0 33.8 33.1 5.1 4.9 138.5 101.4 37.0 64.4 37.1 36.6 7.0 5.8 145.0 103.6 37.6 66.0 41.5 41.0 7.6 6.3 149.5 104.7 38.4 66.3 44.8 44.1 4.3 2.4 155.6 108.0 38.5 69.5 47.5 46.9 5.3 3.5 165.8 114.0 41.0 73.1 51.8 51.2 1.7 1.4 169.2 116.3 41.5 74.9 52.8 52.3 5.5 4.8 172.9 118.3 41.3 77.0 54.5 53.9 8.7 8.4 181.2 124.3 43.0 81.2 56.9 56.4 8.2 7.9 189.9 130.9 45.3 85.5 59.0 58.4 4.6 4.4 193.7 134.1 47.2 86.9 59.6 59.1 4.5 4.4 197.3 ' 195. 9 138.0 ' 141. 8 49.5 '51.7 88.6 '90.1 59.2 '54.0 58.6 '53.4 4.7 '18.0 3.2 '17.3 do do do 62.9 59 3 3.6 8 66.3 65 5 -4 6 73.5 J8 1 2.8 63.2 60 4 3.8 65.9 62.1 .5 67.1 66 6 1.1 69.1 68 0 -2.2 63.0 65.2 —5.5 70.3 75 8 -5.7 69.9 75.6 -3.8 74.0 77.7 —3.5 79.7 83.2 .0 89.7 89.7 2.8 97.2 94.4 7:6 '12.8 104.5 ' 116. 4 97.0 ' 103. 6 Govt. purchases of goods and services, total -do Federal do National defense _do State and local do 219.5 96 2 74.6 123 3 234.3 98 1 71.6 136 2 255.0 104 4 74.4 150 5 223.3 94.8 72.6 128 5 227.9 96.1 72.3 131 8 231.5 96.7 71.3 134 8 235.5 98.2 70.3 137 3 242.2 101.2 72.4 141.0 250.3 106.0 76.5 144 3 254.2 106.7 76.6 147.5 254.7 102.3 71.9 152.4 260.7 102.7 72.4 158.0 268.6 105.5 74.3 163.0 275.3 107.3 74.2 168.0 279.0 ' 285. 6 106.8 ' 106. 8 74.2 '73.0 172.2 ' 178. 8 By major type of product:! Final sales, total Goods total Durable goods Nondurable goods Services .. Structures 466 7 182.5 284 1 410.3 95 6 972.6 1,049.4 491 1 191.1 299 9 447.4 110 9 1, 149. 1 535 4 214.1 321 2 487.3 126 5 4.5 12 61 20 41 60 4 9 1.1 5.1 —1 1 6.2 7.0 41 2.9 7.6 4 2 3.4 4.3 7 3.7 5.3 — 9 6.2 745.4 790.7 719.3 735.1 740.4 746.9 759.0 768.0 785.6 796.7 523.4 531.0 Gross private domestic investment, total Fixed investment Nonresidential Structures _ Producers' durable equipment Residential structures Nonfarm Change in business inventories Nonfarm Net exports of goods and services Exports Imports do__ _ do do do do do Change in business inventories Durable goods Nondurable goods do do -do 0 0 986.7 1 020.2 1,039.2 1,059.2 1,078.9 1,110.8 1,136.9 1,157.8 1,191.0 1,237.8 1,267.6 1,299.8 '1,319.4 617.6 ' 624. 6 555.4 585.0 539.9 599.6 531.0 615.2 465.9 482 1 485.9 501.1 495 2 246.2 ' 241. 7 222.8 238.1 242.4 216.8 196.2 211.4 205.5 188.1 175.0 187.4 192.8 371.4 346.9 ' 382. 8 332.5 323.1 357.3 304.9 309.7 319.6 290.9 294 7 297.8 302 4 540.8 ' 554. 7 514.8 527.7 421.0 433.9 444.0 450.8 460.9 471.8 481.5 491.8 503.9 141.4 ' 140. 2 138.1 126.2 131.7 140.1 124.4 113.2 117.0 123.8 99 8 104 1 109 3 1.7 .4 1.3 5.5 3.2 2.3 8.7 5.8 2.9 8.2 10.4 -2.2 4.7 8.0 -3.4 '18.0 '12.4 '5.6 4.6 4.4 .3 4.5 7.3 -2.8 812.3 829.3 834.3 841.3 '844.6 540.5 552.7 553.3 558.1 ' 551. 3 109.2 225.8 205.4 117.0 228.8 207.0 116.2 228.0 209.1 115.4 ' 108. 7 230.2 ' 228. 3 212.5 ' 214. 3 GNP in constant (1958) dollaref Gross national product, totalf - bil. $.. Personal consumption expenditures, total. .do Durable goods Nondurable goods Services . do do do Gross private domestic investment, total.. .do Fixed investment Nonresidential Residential structures Change in business inventories Net exports of goods and services do do do do do . 722.5 477.5 496.3 526.8 477.5 489.5 493.6 498.0 504.1 512.5 83 8 206.5 187.2 92 2 211.6 192.4 104.0 220.9 201.8 79.3 209.8 188.4 89.3 210.2 189.9 90.2 211.8 191.7 93.6 211.5 192.9 95.8 213.0 195.3 99.2 215.0 198.2 101.9 220.7 200.8 105.8 222.2 202.9 103.4 110.3 122.9 102.1 106.6 110.3 109.5 114.8 116.5 121.0 124.8 129.1 130.2 130.2 130.8 ' 137. 6 116.7 82.5 34.2 4.3 118.2 83.4 34.7 6.6 122.8 87.5 35.3 6.3 126.9 91.2 35.6 3.3 126.9 91.5 35.3 3.4 127.7 ' 125. 0 93.2 '94.5 34.5 '30.5 3.0 '12.5 99 5 77.2 22.2 3.9 105 0 76 1 29.0 5.3 118 3 83.7 34.6 4.6 97 6 73 5 24.1 4.5 100 7 74.8 25.9 5.8 23 .4 -2.0 2.0 2.4 143.0 136.7 Govt. purchases of goods and services, total -do 138.4 137.8 139.3 Federal do . 60.9 60.8 60.1 64.3 61.8 82.2 76.6 State do 75.0 77.5 76.0 State and local locailllllllllllllHIIIIIIIIIIIIdoIIII 75^0 77.5 82.'2 1I 76.0 T 1 Revised. Annual totals for 1973 for components shown in this column appear on pp. 10-13 of this issue of the SURVEY. t Revised series. Estimate of national income and product and person income have been revised back to 1969 (see p. 14ff. of the July 1973 103.8 75.5 28.3 6.5 105.5 75.6 29.9 4.0 110.1 78.4 31.7 4.7 115.4 81.5 34.0 1.1 7.4 '11.6 2.0 -.8 5.6 -.9 -2.8 —.2 -3.7 .8 -1.6 145.0 ' 144. 1 145.2 144.4 143.5 141.8 144.0 142.7 138.6 141.6 136.7 57.2 '54.9 58.2 58.2 58.6 58.8 62.9 63.0 62.5 59.9 61.1 89.2 87.$ 86.2 87.0 85.0 83.0 81.1 79.7 77.5 79.1 76.8 SURVEY); revisions prior to May 1972 for personal income appear on pp. 27-28 of the July 1973 SURVEY. 9 Includes data not shown separately. S-l SURVEY OF CUEEENT BUSINESS S-2 Unless otherwise stated in footnotes below, data through 1970 and descriptive notes are as shown in the 1971 edition of BUSINESS STATISTICS 1970 | 1971 | 1972 1971 I Annual total 1972 III II February 1974 IV I II 1973 III IV I II 1974 III IV 3 I GENERAL BUSINESS INDICATORS—Quarterly Series—Continued NATIONAL INCOME AND PRODUCT— Con. Quarterly Data Seasonally Adjusted at Annual Rates National income totalf bil. S-Compensation of employees totalf Wages and. salaries total Private - Military Government civilian Supplements to wages and salaries Proprietors' income total 9 Business and professional V Rental income of persons 800.5 859.4 941.8 835.9 853.6 865.6 882.7 911.0 928.3 949.2 978.6 1,015. 0 1,038.2 1,067.4 603.9 644.1 707.1 627.6 638.8 648.8 661.2 684.3 699.6 713.1 731.2 757.4 774.9 794.0 ' 814. 7 542.0 426.9 19.6 95.5 61.9 66.9 50.0 16.9 23.9 573.8 449.7 19.4 104.7 70.3 68.7 51.9 16.8 24.5 627.3 493.3 20.3 113.8 79.7 74.2 54.0 20.2 24.1 559.8 438.5 19.8 101.6 67.7 67.9 50.9 16.9 24.4 569.3 446.3 19.3 103.6 69.6 68.3 51.7 16.6 24.7 577.6 452.3 18.9 106.3 71.1 68.6 52.3 16.3 24.7 588.6 461.7 19.6 107.3 72.6 70.2 52.7 17.5 24.4 607.3 476.4 20.9 110.0 77.0 72.5 53.1 19.5 24.1 620.8 488.4 20.1 112.3 78.9 73.2 53.3 19.9 22.6 632.5 497.5 20.0 115.1 80.5 74.1 54.3 19.8 24.9 648.7 610.9 20.1 117.7 82.5 77.1 55.3 21.8 24.9 666.7 525.1 20.9 120.7 90.8 80.6 56.3 24.3 24.7 682.3 538.7 20.5 123.1 92.6 81.5 57.1 24.4 24.6 699.3 553.2 20.4 125.7 94.7 85.0 57.9 27.1 25.3 ' 717. 2 69.2 80.1 91.1 75.8 80.5 80.9 83.4 86.2 88.0 91.5 98.8 104.3 107.9 112.0 13.6 55.6 27.8 17.3 10.5 15.2 64.9 32.5 17.8 14.7 17.5 73.6 40.1 20.0 20.2 14.0 61.8 31.8 17.6 14.2 14.7 65.8 32.7 17.8 14.9 15.9 65.0 31.8 18.0 13.8 16.3 67.1 33.6 17.9 15.7 16.6 69.6 37.3 18.6 18.7 17.3 70.7 38.7 18.5 20.2 17.6 73.9 39.9 20.4 19.5 18.6 80.2 44.7 22.4 22.3 19.8 84.5 49.7 22.8 26.9 21.4 86.5 52.4 23.9 28.5 22.3 89.7 51.9 25.3 26.6 7.8 20.1 8.6 23.9 9.3 24.2 8.2 21.8 9.1 23.9 9.1 24.1 7.9 25.7 8.5 23.8 8.9 23.1 9.8 24.1 9.9 25.7 9.2 25.6 8.5 25.6 10.3 27.5 74.0 34.8 39.3 24.7 14.6 -4.8 36.5 85.1 37.4 47.6 25.1 22.5 -4.9 42.0 98.0 42.7 55.4 26.0 29.3 -6.9 45.2 80.8 37.0 43.8 25.3 18.5 -5.0 40.2 85.5 38.4 47.1 25.1 22.0 -5.0 41.4 87.0 38.0 49.0 25.2 23.7 -6.1 42.7 86.9 36.4 60.6 24.9 25.7 -3.6 43.5 92.8 40.6 52.2 25.7 26.5 -6.6 43.9 94.8 41.4 53.4 25.9 27.5 -6.7 44.8 98.4 42.9 55.6 26.2 29.4 -6.9 45.7 106.1 45.9 60.3 26.4 33.9 -7.3 46.6 119.6 52.7 66.9 26.9 40.0 -15.4 47.9 128.9 57.4 71.6 27.3 44.2 -21.1 49.4 129.0 57.6 71.5 28.1 29.0 43.4 —17.0 ' -15.5 51.1 53.0 808.3 116.6 691.7 635.5 56.2 863.5 117.5 746.0 685.8 60.2 939.2 142.2 797.0 747.2 49.7 840.0 112. 6 727.4 668.3 59.2 859.5 115.5 744.0 680.6 63.5 870.2 118.1 752.0 691.8 60.2 884.4 124.0 760.4 702.6 57.8 910.8 138.0 772.8 720.0 52.9 926.1 140.7 785.4 739.5 45.9 943.7 142.8 800.9 755.1 45.8 976.1 147.4 828.7 774.3 54.4 996.6 145.1 851.5 801.5 50.0 1,019.0 149.3 869.7 818.7 51.0 1,047.1 156.0 891.1 840.1 51.1 '1,078.9 79.71 31.95 15.80 16.15 81.21 29.99 14.15 15.84 88.44 31.35 15.64 15.72 17.68 6.69 3.11 3.58 20.60 7.55 3.52 4.03 20.14 7.31 3.40 3.91 22.79 8.44 4.12 4.32 19.38 6.61 3.29 3.32 22.01 7.63 3.71 3.92 21.86 7.74 3.86 3.87 25.20 9.38 4.77 4.61 21.60 7.80 3.92 3.88 24.73 9.16 4.65 4.51 25.04 9.62 4.84 4.78 i 28. 81 11.42 5.97 5.45 i 24. 19 9.43 4.87 4.56 47.76 1.89 1.78 3.03 1.23 13.14 10.65 2.49 10.10 16.59 51.22 2.16 1.67 1.88 1.38 15.30 12.86 2.44 10.77 18.05 57.09 2.42 1.80 2.46 1.46 17.00 14.48 2.52 11.89 20.07 10.99 .49 .34 .34 .28 3.11 2.70 .41 2.50 3.94 13.06 .54 .47 .60 .36 3.83 3.20 .63 2.81 4.44 12.83 .55 .42 .39 .37 4.07 3.35 .71 2.62 4.42 14.35 .59 .45 .66 .37 4.29 3.60 .69 2.84 5.26 12.77 .58 .48 .60 .32 3.63 3.19 .44 2.72 4.55 14.38 .61 .48 .73 .39 4.24 3.61 .62 2.95 4.98 14.12 .59 .38 .61 .35 4.39 3.67 .72 2.84 4.97 15.83 .63 .47 .63 .40 4.74 4.01 .73 3.39 5.57 13.69 .63 .46 .52 .32 3.95 3.45 .50 2.87 4.94 15.57 .71 .46 .72 .43 4.59 3.91 .68 3.27 5.40 15.42 .69 .48 .57 .44 4.82 4.04 .77 3.19 5.24 17.39 .73 .54 .60 .41 5.74 4.85 .89 14.76 .70 .54 .51 .38 4.65 4.14 .52 29.37 2 do 79.32 30.46 14.21 16.25 81.61 30.12 14.06 16.06 80.75 29.19 13.76 15.43 83.18 30.35 14.61 15.74 86. 79 30.09 15.06 15.02 87.12 30.37 14.77 15.60 87.67 30.98 15.67 15.31 91.94 33.64 16.86 16.78 do do do do do do do do do do 48.86 2.04 1.46 1.29 1.33 14.64 12.16 2.48 10.70 17.39 51.50 2.08 1.88 2.28 1.40 14.91 12.61 2.30 11.21 17.72 51.56 2.23 1.72 1.68 1.48 15.87 13.56 2.30 10.73 17.85 52.82 2.30 1.64 2.26 1.33 15.74 13.01 2.74 10.44 19.10 56.70 2.42 2.10 1.96 1.48 16.92 14.27 2.65 11.71 20.10 56.75 2.38 1.88 2.89 1.53 16.60 14.32 2.27 11.59 19.88 56.70 2.40 1.50 2.67 1.41 17.01 14.62 2.38 11.56 20.16 68.30 2.46 1.71 2.33 1.42 17.53 14.67 2.86 12.63 20.21 96.19 35.51 17.88 17.63 60.68 2.59 2.11 2.21 1.53 18.38 15.40 2.98 12.34 21.53 97.76 36.58 18.64 17.94 61.18 2.77 1.75 2.72 1.62 18.08 15.55 2.52 12.70 21.55 16,487 10,872 16,78 10,79 17,587 11,655 17,463 11,53 18,49 12,362 22,611 24, 376 P 26,199 19,92 13,213 '15, 323 16, 781 p 18,lo8 p 20,048 - -do do . -do do do do do do ._ do Corporate profits and inventory valuation adjustment total , bil. $.. By broad industry groups: Financial institutions do Nonftnancial corporations, total do Manuf ac turi ng total do Nondurable goods industries do Durable goods industries - do Transportation, communication, and public utilities bil. $.. All other industries do Corporate profits before tax total do Corporate profits tax liability do Corporate profits after tax do Dividends do Undistributed profits do Inventory valuation adjustment do Net interest do DISPOSITION OF PERSONAL INCOME f Quarterly Data Seasonally Adjusted at Annual Rates Personal income total bil $ Less; Personal tax and" nontax payments do Equals* Disposable personal income do Less" Personal outlays© do Equals: Personal saving§ _ do NEW PLANT AND EQUIPMENT EXPENDITURES Unadjusted quarterly or annual totals: All industries ...bil. $.. Manufacturing do Durable goods industries 1 do. .. Nondurable goods industries ^ - do Nonmanufacturing Mining Railroad Air transportation Other transportation Public utilities . Electric Gas and other Communication Commercial and other ._ _ . Seas. adj. qtrly. totals at annual rates: All industries Manufacturing Nondurable goods industries ^ Nonmanufacturing Mining Railroad Air transportation Other transportation Public utilities Electric Gas and other Communication Commercial and other do . do -do do. _ do do do do do - do do do BALANCE OF INTERNATIONAL PAYMENTSd" Quarterly Data Are Seasonally Adjusted (Credits -f ; debits -) Exports of goods and services (excl. transfers under military grants) mil $ Merchandise, adjusted, excl . military do Transfers under U.S. military agency sales contracts mil $ Receipts of income on U.S. investments abroad mil. $.. Other services do ' 566. 9 21.3 129.1 97.5 '89.8 ••58.5 31.3 25.7 r 161. 1 ' 917. 8 '850.8 '67.1 100.90 1 104. 94 40.54 38.81 20.94 19.73 19.60 19.08 64.40 62.09 2.85 2.82 1.98 1.95 2.22 2.49 1.53 1.79 21.20 18.58 17.84 16.00 3.35 2.58 13.12 21.36 2 34. 63 7. 98 1 108. 16 42.92 22.21 20.71 65.24 2.90 2.43 2.16 1.74 21.57 18.49 3.08 2 34. 43 U.S. Imports of goods and services do Merchandise, adjusted, excl. military do Direct defense expenditures do Payments of income on foreign investments in the U.S mil. $.. Other services do Balance on goods and services, total Merchandise, adjusted, excl. military do do 62,919 41,964 66,287 42,768 73,462 48,769 1,478 1,91 1,166 ll,42b 8,052 12,899 8,710 13,925 9,60 -59,289 -39,788 -4,852 -4,92 -10,25 -6,063 -11,604 3,630 2,176 80 -2,69 -4,610 -6,912 455 "534 4,311 2,832 "4,636 f 2, 876 3,47 2,39 -17,002 -16,29 -11,90 -11,10 -1,204 -1,23 -18,96 -18,88 -19,43 -1,22 -1,242 -1,10 -1,34 -2,61 -1,42 -2,84 -1,47 -2,85 -1,52 -2,86 -1,63 -1,849 -2,200 p-2,325 —3,04 -3,164 -3, 295 -3,177 -93 -1,57J '154 -87 -1,745 ' -966 489 419 3,038 2,23 3,557 2,180 -1,13 -2,59 -1,293 -2,598 13 -91 280 385 95 129 343 4,158 2,790 26 3,27 2,36 50 3,31 2,16 -1,16 -2,45 23 28 3,314 2,29 498 r Revised. *> Preliminary. 1 Estimates (corr ected for system a1 ic biases ) for O ct.Dec. and Jan.-Mar. 1974 based on expected capital ex]aenditure 5 of busine ss. Expec ted expe nd2 in eludes c 3mitures for the year 1973 appear on p. 13 of the De« mber 1973 SURVEY 3 9 Inclu des munication. See note 1 on p. S-l. t See com spending note on i3. S-l. inventory valuation adjustment. ©Personal 01itlays coinprise pe rsonal c snsumpt ion 15,739 9,583 2,989 2,128 -65,480 -78,07 -15,533 -16,650 -45,466 —55,68 -10,743 -11,708 -4,829 -4,724 -1,175 -1,214 -5,167 -9,684 17,282 11,522 -56 1 52 328 -1,42 -1,37 1,82( 1,77- 3,866 2,55 -20,79 -22,46 -23,70~ -24, 051 1 A. Q1 -16,28 -17,03 -17,44 p— 18 86 -1,15 -1,168 -1,185 p-1,110 ••678 ' -250 P 2,154 P710 i P 3,450 p 1,300 expenditures, interest paid by consumers, and personal t ransfer p ayments to foreigr ers. § Personal saving is excess of disposable income over p ersonal o utlays. HData for individual durable and nondurable goods in dustries 2ompone its appesir in the Mar., June, Sept., and Dec. issues of the SURVEY. d"A tore com Dlete det ails appe ir in the quarterly reviews in the Mar., June, Sept., and Dec. issu 35 of the SURVEY.
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