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SUKVEY OF CURKENT BUSINESS

8

March 1979

NATIONAL INCOME AND PRODUCT TABLES
1977

1978T

III

1977

1978

1977

IV

I

II

III

IV '

1977

1978 r

III

1978

IV

Seasonally adjusted at annual rates

I

II

III

IV

Seasonally adjusted at annual rates

Billions of current dollars

Billions of 1972 dollars

Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
1,887.2 2,107.6 1,916.8 1,958.1 1,992.0 2,087.5 2,136.1 2,214.8 1,332.7 1,385.7 1,343.9 1,354.5 1,354.2 1,382.6 1,391.4 1,414.1

Gross national product_ _
Personal consumption expenditures..
Durable goods
Nondurable goods..
Services

,206.5 1,340.1 1,214.5 1,255.2 1,276.7 1,322.9 1,356.9 1,403.9
178.4
479.0
549.2

197.5
526.5
616.2

177.4
479.7
557.5

187.2
496.9
571.1

183.5
501.4
591.8

197.8
519.3
605.8

199.5
531.7
625.8

209.1
553.4
641.4

350.1

364.0
350.5

857.7

891.7

858.0

876.6

873.5

886.3

895.1

911.8

137.8
330.4
389.5

144.6
339.6
407.4

136.9
329.2
391.8

143.0
338.1
395.6

137.8
333.3
402.4

145. 8
336.3
404.2

144.8
340.4
410.0

150.1
348.5
413.1

196.3

210.6

201.7

200.3

205.7

213.1

210.4

213.4

187.4

200.1

189.5

192.8

193.4

200.4

201.4

205.2

297.8

345.6

309.7

313.5

322.7

345.4

282.3

329.6

287.8

300.5

306.0

325.3

Nonresidential
Structures..
Producers' durable equipment..

190.4
63.9
126.5

222.6
77.8
144.8

193.5
65.4
128.1

200.3
67.4
132.8

205.6
68.5
137.1

220.1
76.6
143.5

227.5
80.9
146.6

237.1
85.1
152.0

129.8
40.0
89.8

140.2
44.5
95.8

130.8
40.8
90.0

132.5
41.0
91.5

133.8
41.0
92.9

140. 5
44.6
95.9

141.7
45.6
96.1

144.9
46.7
98.2

ResidentialNonfarm structures.
Farm structures
Producers' durable equipment..

91.9
1.5
1.5

107.0
103.8
1.4
1.7

94.3
91.2
1.6
1.5

100.2
97.5
1.2
1.6

100.3
97.3
1.3
1.7

105.3
102.1
1.4
1.8

109.0
105.7
1.5
1.7

113.4
110.2
1.5
1.7

57.7
55.6
.9
1.2

59.8
57.7
.8
1.3

58.8
56.6
1.0
1.2

60.3
58.4
.7
1.2

59.5
57.4
.8
1.3

59.9
57.8
.8
1.4

59.7
57.6
.8
1.3

60.3
58.2
.8
1.3

15.6
15.0
.6

16.0
16.7
-.8

21.9
22.0
-.1

13.1
10.4
2.7

16.7
16.9
-.2

20.1
22.1
-2.0

13.6
14.6

13.5
13.4
.1

8.9
9.4
-.5

10.6
11.0
-.5

12.2
13.5
-1.4

7.5
6.5
.9

12.3
12.5
-.1

12.7
13.9
-1.2

9.0

8.2
8.1
.1

-11.1

-12.0

-7.0

-23.2

-24.1

-5.5

-10.7

-7.6

9.5

8.4

12.5

3.1

2.9

11.3

9.2

10.2

175.5
186.6

204.8
216.8

180.8
187.8

172.1
195.2

181.7
205.8

205.4
210.9

210.1
220.8

221.9
229.5

98.2
88.7

107.0
98.6

100.8

96.0
92.9

99.1
96.2

108.4
97.1

109.0
99.7

111.7
101.5

394.0

433.9

399.5

412.5

416.7

424.7

439.8

454.5

269.2

275.0

274.5

272.1

271.9

276.7

279.4

145.1
94.3
50.8
248.9

153.8
99.5
54.3
280.2

146.8
94.4
52.4
252.7

152.2
97.1
55.1
260.3

151.5
97.9
53.6
265.2

147.2
98.6
48.6
277.6

154.0

162.5
102.1
60.4
292.0

101.6

100.3

103.6

101.2

97.1

100.4

102.5

167.6

174.7

170.9

170.8

174.8

176.3

176.9

Gross private domestic investment.
Fixed investment

88.9

Change in business inventories.
Nonfarm.
_
Farm
Net exports of goods and services
Exports.
Imports

_
_

Government purchases of goods and services:.
Federal.
National defense..
Nondefense
State and local

54.5
285.8

88.2
271.7
102.9
168.8

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

1,887.2 2,107.6 1,916.8 1,958.1 1,992.0 2,087.5 2,136.1 2,214.8 1,332.7 1,385.7 1,343.9 1,354.5 1,354.2 1,382.6 1,391.4 1,414.7

Final sales
Change in business inventories.
Goods-

1,871.6 2,091.6 1,894.9 1,945.0 1,975.3 2,067.4 2,122. 5 2,201. 3 1,323.8 1,375. 2 1,331.7 1,347.1 1,341.8 1,369.9 1,382.4 1,406.5
8.9
12.2
12.7
9.0
10.6
7.5
12.3
13.1
20.1
13.5
16.0
16.7
13.6
15.6
21.9
8.2
629.7
627.7 630.2
912.2
918.4
608.4
927.3
613.3
620.1 611.8
832.6
859.6
972.5
844.7
861.8
649.1
599.4
615.0 621.2
902.4
892.1
601.1
612.7
817.0
845.1
599.6
619.1
846.5
913.7
958.9
822.8
640.9
12.2
12.7
9.0
8.9
10.6
7.5
12.3
20.1
16.0
13.6
13.5
15.6
13.1
16.7
21.9

Final sales
_
Change in business inventories.
Durable goods
Final sales
Change in business inventories.

8.2

Services. ...
Structures.

376.8
365.1
11.7

346.5
334.6
11.9

347.4
341.1
6.3

351.2
336.3
14.8

375.8
365.0
10.8

380.1
369.8
10.2

400.1
389.2
10.8

253.7
248.0
5.8

265 4
258.1
7.3

255.9
248.0
7.9

255.1
250.5
4.6

254.6
245.0
9.6

266.6
260.2
6.4

264.8
258.7
6.1

275.5
268.4
7.1

491.3
484.1
7.2

541.7
537.4
4.3

498.2
488.2
10.0

512.2
505.4
6.8

510.6
508.7
1.9

536.4
527.1
9.3

547.2
543.9
3.4

572. 4
569.7
2.7

354.7
351.6
3.1

364.3
361.1
3.3

357.4
353.1
4.3

365.0
362.1
2.9

357.2
354.5
2.7

361.2
354.8
6.3

365.4
362.5
2.9

373.6
372.5
1.1

862.8
191.8

Nondurable goods
Final sales
__
Change in business inventories-

341.3
332.9
8.4

962.5
226.7

875.3
196.8

893.6
204.9

926.4
203.8

952.0
223.4

973.7
235.0

997.7
244.7

602.9
121.3

627.0
129.0

606.9
123.7

609.6
124.8

620.1
122.3

625.6
129.3

629.7
131.6

632.6
133.0

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national productGross domestic product
Business.._
_
Nonfarm
Nonfarm less housingHousing
_.
Farm
Statistical discrepancy...
Eesidual J_

1,887.2 2,107.6 1,916.8 1,958.1 1,992.0 2,087.5 2,136.1 2,214.8 1,332.7 1,385.7 1,343.9 1,354.5 1,354.2 1,382.6 1,391.4 1,414.7
1,869.9 2,088.2 1,898.7 1,942.2 1,973.8 2,066.5 2,117.3 2,195.1 1,325.3 1,377.9 1,336.3 1,347.9 1,346.6 1,373.9 1,383.9 1,407.0
1,599.3 1, 790. 2 1,626.4 1,660.4 1,684.1 1,771. 8 1,817. 5 1,887. 4 1,135.9 1,183. 7 1,146.1 1,155.9 1,153.5 1,180.0 1, 9.3 1,212.1
,
1,544.0 1,730. 6 1,571.6 1,601. 6 1,628.9 1, 714.9 1, 758. 5 1,820. 3 1,094. 2 1,146. 0 1,102.6 1,112.4 1,115.4 1,145. 2 1, 151. 8 1,171. 8
,
998.1 1,026.5 1, 031. 7 1,050. 3
996.4
1,397.8 1,566. 4 1,423.2 1,449.0 1, 471. 7 1,553. 2 1, 592.0 1,648. 5 980.5 1, 026. 6
114.6
148.4
171.7
166.5
117.4
121.5
118.6 120.1
157.1
116.0
152.7
113.6
119.4
146.2
161.7
164.3
3.2
34.5
47.7
63.2
58.6
32.5
30.5
33.8
53.0
36.1
54.0
34.4
32.5
50.5
56.4
57.8
7.1
.4
3.9
2.2
4.8
4.7
.5
1.7
4.3
4.3
7.4
5.5
7.3
5.2
9.0
62.7

71.5

63.5

65.9

68.8

70.5

72.3

74.4

42.2

44.5

42.5

43.6

43.8

44.3

44.9

45.2

208.0
66.4
141.5

226.5
71.1
155.4

208.9
65.7
143.2

215.9
69.5
146.4

221.0
69.9
151.1

224.1
70.1
154.1

227.5
70.5
157.0

233.4
74.0
159.4

147.2
48.7
98.4

149.6
48.9
100.8

147.7
48.8
99.0

148.4
48.8
99.6

149.4
48.8
100.6

149.6
48.8
100.

149.8
49.0
100.8

149.8
48.9
100.9

17.3

19.4

18.1

15.9

18.2

21.1

18.8

19.8

7.3

7.9

7.6

6.6

7.5

8.8

7.5

7.7

Households and institutionsGovernment.
Federal
State and local.
Rest of the world.
f Revised.

Footnotes for tables 2 and 3 on p . 4

HISTORICAL STATISTICS
The national income and product data for 1929-72 are in The National Income and
Products Accounts of the United States, 1929-7$: Statistical Tables (available for $4.95, SN
003-010-00052-9, from Commerce Department District Offices or the Superintendent of




Documents; see addresses inside front cover). Data for 1973,1974, and 1975-77 are in July
1976, July 1977, and July 1978 issues of the SUKVEY, respectively.

CURRENT BUSINESS STATISTICS

1_ HE STATISTICS here update series published in the 1975 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
That volume (available from the Superintendent of Documents for $6.80) provides a description of each series, references
to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1971 through 1974 (1964-74 for major quarterly
series), annually, 1947-74; for selected series, monthly or quarterly, 1947-74 (where available). Series added or significantly revised after the 1975
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively. 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 1975 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 187-88. 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.
OF CURRENT BUSINESS.

1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS

1977

1978

1975

IV

1976

I

II

1978

1977

III

IV

I

II

III

IV

I

II

III

IV

Annual total
Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTt
Gross national product, totalt

bll.$._

1,887. 2

, 107.6

',598.0

t, 649. 7 1,685.4 1,715.6 1,749.8 1,806.8 1,867.0 1,916.8 1,958.1 1,992.0

2,087.5 2,136.1 '2,214.8

1,206.

, 340.1

1,021.6

1,053.8 1,075.1 1,098.4 1,133. 7 1,167.7 1,188.6 1,214. 5 1,255. 2 1,276.7

1,322.9 1, 356.9

178.
81.
71.

Personal consumption expenditures, total, -do

1,403.9

Durable goods, total?
do____
Motor vehicles and parts
do. _..
Furniture and household equipment.-.do....
Nondurable goods, total 9
do....
Clothing and shoes
do..
Food
_t
-do....
Gasoline and oil
.do....

197.5
89.7

143.5
60.6
60.8

152.2
67.7
61.9

154. 7
69.1
63.0

156.7
69.5
64.2

162.8
72.6
66.5

173.2
81.3
68.0

175.6
81.2
69.9

177.4
79.5
72.0

187.2
84.0
75.3

183.5
84.1
72.1

197.8
92.5
76.5

199.5
89.8
78.9

' 209.1
'92.6
83.2

526. 5
479.
89.0
81.
245. ! 2f>9.4
51.2
46.5

421.4
72.2
216.6
40.5

430.3
73.8
219.4
41.4

437.4
74.2
223.9
41.9

444.5
76.1
227.4
43.0

458.3
78.5
232.3
45.1

465.9
78.5
237.5
46.1

473.6
79.3
244.5
45.2

479.7
81.4
246.4
46.0

496.9
86.7
252.6
47.5

501.4
82.9
257.7
48.3

519.3
87.5
267.8
49.1

531.7
90.5
272.0
51.5

' 553.4
'95.3
' 279.9
'55.8

Services, total9
Houshold operation
Housing
Transportation

549.2
81. t
184. C
44.2

(.41. 4
91.3
207.3
52.6

456.7
66.7
156. 3
34.0

471.3
69.3
160.2
36.0

483.0
70.2
164.7
37.0

497.2
73.5
168.2
38.7

512.6
78.2
172.3
39.8

528.6
80.2
177.3
40.8

539.4
78.0
182.1
43.5

557.5
83.7
186.9
45.0

571.1
84.6
192.0
47.3

591.8
89.6
198.1
49.7

605.8
89.9
204.1
52.1

625.8
92.6
210.1
53.7

' 641.4
'94.1
217.0
55.0

297.8

345.6

203.9

231.5

243.5

249.9

247.1

272.5

295.6

309.7

313.5

322.7

345.4

350.1

' 364.0

306.0
205.6
68.5
137.1

325.3
220.1
76.6
143.5

336.5
227.5
80.9
146.6

'350.5
' 237.1
'85.1
' 152.0

do.___
-do_._.
_do.
do..]

Gross private domestic investment, total....do.
Fixed investment
Nonresidential
Structures
Producers' durable equipment

do....
do....
do..].
do

243.0
232.8
164.6
57.3
107.3

282.3
190. 1
63.9
126.5

329.6
222.6
77.8
144.8

208.8
151. 5
54.7
96.8

220.1
157.7
56.4
101.3

228.1
162.2
57.6
104.6

235.3
168.1
57.3
110.8

247.6
170.5
57.9
112.6

262.2
180.6
59.3
121.4

278.6
187.2
63.4
123.8

287.8
193.5
65.4
128.1

300.5
200.3
67.4
132.8

Residential
_.
Change in business inventories
Nonfarm

do.
.do.
_do.

68.2
10.2
12.2

91.9
15.6
15.0

107.0
16.0
16.7

57.3
-4.9
-9.0

62.4
11.4
12.7

65.9
15.4
18.8

67.3
14.5
15.2

77.1
-.6
2.2

81.6
10.3
11.1

91.4
17.0
16.5

94.3
21.9
22.0

100.2
13.1
10.4

100.3
16.7
16.9

105.3
20.1
22.1

109.0
13.6
14.6

' 113.4
' 13.5
'13.4

Net exports of goods and services
Exports
Imports

.do
do
do

7.4
163.2
155.7

-11.1
175.5
186.6

-12.0
204.8
216.8

20.9
152.2
131.2

10.4
154.4
144.1

9.7
160.7
150.9

6.9
168.2
161.3

2.8
169.4
166.6

-8.5
170.9
179.4

-5.9
178.1
184.0

-7.0
180.8
187.8

-23.2
172.1
195.2

-24.1
181.7
205.8

-5.5
205.4
210.9

-10.7
210.1
220.8

' -7.6
'221.9
' 229.5

359. 5
129.9
86.8
229.6

394.0
145.1
94.3
248.9

433.9
153.8
99. 5
280.2

351.5
127.9
86.2
223.6

354.0
127.1
85.9
226.9

357. 2
127.8
85.6
229.4

360.4
129.9
86.5
230.5

366.3
134.6
89.1
231.7

375.0
138.3
91.9
236.7

388.8
142.9
93.7
245.9

399.5
146.8
94.4
252.7

412.5
152.2
97.1
260.3

416.7
151.5
97.9
265.2

424.7
147.2
98.6
277.6

439.8
154. 0
99.6
285.8

' 454.5
' 162.5
102.1
'292.0

Govt. purchases of goods and services, total.do
Federal
do
National defense
.do..~ ~
State and local
do
By major type of product: t
Final sales, total
,
d t t l
Goods, total
Durable goods
Nondurable goods
Services
Structures
Change in business inventories
Durable goods
Nondurable goods
._

do
1, 689.9
do
760.3
do
304.6
do.."
455.7
do
778.0
do..]]
161.9
do
do
do

10.2
5.3
4.9

'2,201.3
1,871.6 to OQI f 1,602.9 1, 638. 3 1, 670.1 1,701.0 1,750.4 1, 796.5 1,850.0 1,894.9 1,945.0 1,975.3 2,067.4 2,122. 5 ' 972.5
>
927.3
861.8
912.2
859.6
844.7
718.6
741.9
758.0
772.9
825.8
800.2
768.1
380.1 ' 400.1
375.8
351.2
347.4
346.5
273. 7
288.6
339.1
301.8
315.6
332.2
312.4
370. 8
547. 2 ' 572.4
536.4
510.6
512.2
498.2
491.3
444.9
486.7
453.4
456.2
457. 3
468.0
455. 7
541. 7
973.7 ' 997.7
952.0
926.4
893.6
850.0
875. 3
862.8
726.4
749.7
766.9
808.1
832.3
787.1
962. 5
235.0 ' 244. 7
223.4
203.8
204.9
191.3
196.8
191.8
153.0
158.1
160.5
168.7
174.3
160.3
226.7
'13.5
13.6
20.1
16.7
13.1
15.6
11.4
21.9
15.4
-4.9
17.0
-.6
10.3
14.5
10.0
'10.8
10.2
10.8
14.8
6.3
8.4
11.9
.1
6.5
-8.6
9.1
6.1
5.2
9.3
11.7
'2.7
3.4
9.3
1.9
7.2
6.8
10.0
8.9
3.7
11.3
7.9
4.2
-5.8
5.3
4.3

GNP in constant (1972) dollarst

Gross national product, total t

bil.$__ 1,271.0

1,332.7 1,385.7 1,227.9 1, 255.5 1, 268.0 1,276. 5 1, 284.0 1,306. 7 1,325.5 1,343.9 1,354. 5 1,354.2

1,382.6 1,391.4 1,414.7

819.4

857.7

891.7

791.1

806.3

814.0

820.9

836.2

846.6

849.5

858.0

876.6

873.5

886.3

895.1

'911.8

.do.
do.
do.

125.9
320.2
373.2

137.8
330.4
389.5

144.6
339. 6
407.4

119.7
309.5
361.9

124.8
314.6
366.9

125.2
318.2
370.6

125.3
320.5
375.1

128.5
327.7
380.0

134.9
327.1
384.6

136.2
327.2
386.0

136.9
329.2
391.8

143.0
338.1
395.6

137.8
333.3
402.4

145.8
336.3
404.2

144.8
340.4
410.0

150.1
' 348.5
' 413.1

Gross private domestic investment, total...do.

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

Fixed investment
Nonresidential
Residential
Change in business inventories.
Net exports of goods and services

173.4

196.3

210.6

148.9

168.5

174.7

177.1

173.4

186.1

197.1

201.7

200.3

205.7

213.1

210.4

' 213.4

do.
do
~~~do.~~~
do""

166.8
118.9
47.8
6.7

187.4
129.8
57.7
8.9

200.1
140.2
59.8
10.6

154.1
111.8
42.3
-5.2

161.0
115.5
45.5
7.5

164.6
117.8
46.8
10.1

167.8
121.0
46.8
9.3

173.6
121.4
52.3
-.2

180.3
126.8
53.5
5.8

187.1
129.1
58.0
10.0

189.5
130.8
58.8
12.2

192.8
132.5
60.3
7.5

193.4
133.8
59.5
12.3

200.4
140.5
59.9
12.7

201.4
141.7
59.7
9.0

' 205.2
' 144.9
' 60.3
'8.2

do

15.4

9.5

8.4

22.2

16.5

16.1

16.1

13.1

11.2

11.0

12.5

3.1

2.9

11.3

9.2

'10.2

271.9
97.1
174.8

276.7
100.4
176.3

' 279.4
r 102. 5
' 176.9

Govt. purchases of goods and services, total do
Federal
do
State and local
do

262.8
96.6
166.2

269.2
101.6
167.6

275. 0
100.3
174.7

265.7
97.3
168.4

264.3
96.2
168.1

'Revised
v Preliminary.
tRevised series. Estimates of national income and product
and personal income have been revised back to 1973 (see p. 16ff.of the July 1977 SURVEY and

263.2
95.9
167.3

262.5
96.8
165.7

261.3
97.5
163.8

262.8
98.7
164.1

267.9
101. 3
166.6

271.7
102.9
168.8

274.5
103.6
170.9

272.1
101.2
170.8

p. 24 fl. of the July 1978 SURVEY); revisions prior to May 1977 for^personal income appear on
p. 36 of the July 1978 SURVEY.
9 Includes data for items not shown separately.

S-l
288-330 O - 79 - SI




SURVEY OF CURKENT BUSINESS

S-2
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS

1976

1977

Annual total

1977

1976

1978

II

III

March 1979

IV

I

II

1978

III

IV

I

II

1979

III

IV

I

II

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCTf—Con.
Quarterly Data Seasonally Adjusted
Implicit price deflators:!
Gross national product
Index, 1972=100
Personal consumption expenditures
do
Durable goods
do..
Nondurable goods
do
Services
do
Gross private domestic investment:
Fixed investment
do
do
N on residential
Residential
do
Govt. purchases of goods and services
Federal
State and local.

do
do
do

Quarterly Data Seasonally Adjusted at Annual
National income, total t

do

Oovt and trovt GntprDrisps
Other

do
do
r\fi

Proprietors' income with inventory valuation
and capital consumption adjustments,
total
bil $
do
Farm
rin
Nonfarm
Rental income of persons with capital consumption
fldinsttneTit
bil $
Corp. profits with inventory valuation and capital consumption adjustments, total
bil. $__
Corp. profits with invent, val. adj.:
Domestic, total.
do
Financial
Hn
do
TVTflnnfRotiirinGf total Q
do
Transportation, communication, and
electric, gas, and sanitary serv
bil. $..
Rest of the world...
_do
.do....
.do....
do
.do....
.do....

Profits before tax, total
Profits tax liability...
Dividends..
Undistributed profits

rln

.do....

Capital consumption adjustment

141.61
140.7
129.5
145.0
141.0

152.09
150.3
136.5
155.0
151.2

132. 92
132.1
123. 6
137. 4
130.3

134. 39
133.8
125.0
138.7
132.5

136. 28
135. 6
126.8
139.9
134.9

138. 27
137.9
128.4
142.4
137.4

140. 86
139.9
128.9
144.7
139.7

142. 63
141. 6
129.5
145.7
142.3

144. 56
143.2
130.9
147.0
144.4

147.10
146.2
133.1
150.4
147.1

150.98
149.3
135.7
154.4
149.9

139 6
138.4
142.5

150.6
146.7
159.4

164.7
158.7
178.8

138.5
137.7
140.7

140.3
138.9
143.8

142.6
140.5
147.6

145.4
142.5
152.3

148.9
145.0
157.6

151.9
147.9
160.6

155.9
151.2
166.1

158.2
153.6
168.6

162.2
156.7
175.7

167.1
160.6
182.6

' 170.8
' 163. 7
' 188.2

136.8
134 4
138.1

146.3
142.7
148.5

157.8
153.3
160.4

135.7
133.3
137.1

137.3
134.2
139.1

140.2
138.0
141.5

142.7
140.1
144.3

145.1
141.1
147.6

147.1
142.7
149.7

150.3
146.9
152.3

153.2
149.6
155.2

156.2
151.5
158.8

158.9
153.4
162.1

162. 7
158.5
165.1

153.52 ' 156.56
154.0
151.6
139.3
137.3
156.2
158.8
155.2
152.6

Rates
bil $

Compensation of employees, total

133.76
133.1
124.4
138.2
131.6

,3~

1,359.2 < 1,515.3 1, 703.8 1,347.9 1,372.1 1, 397. 0 1,447.5 1, 499. 3 1,537.6 1,576.9 1,603.1 1,688.1
=

1,728.4 1,795.6

1,046.1 1, 073. 3 1,107. 9 1,140. 5 1,165. 8 1,199. 7 1,241.0 1,287.8
973.4
993. 6 1,021. 2 1,050. 8 1,090.2
946.4
897.3
919.9
195.2
198.1
201.7
208.1
211.4
213.9
188.1
192. 6
709.2
751.2
775.3
791.9
813.1
839.3
876.3
727.2
161.5
167.1
172.2
178.4
190.2
197.6
148.8
153.4

1,317.1 '1,359.8
1,113.4 a,149.4
216.8
222.3
896.6 ' 927.1
203.6
210.4

1,036.8
890 1
187. 6
702.5
146.7

1,153.4 1, 301.4 1,026.0
983 6 1 101 0
881.5
186.1
200.8
216.1
695. 4
782.9
884.8
169.8
200.5
144.6

88.6
18.4
70.2

99.8
20.2
79.5

113 2
25 3
87 8

88.8
19.6
69.3

87.4
16.9
70.5

89.5
16.3
73.2

95.6
19.4
76.1

98.9
20.0
78.9

97.2
16.5
80.8

107.3
25.1
82.3

105.0
21.9
83.1

110.1
24.0
86.1

114.5
25.0
89.6

' 123.0
'30.4
92.6

22.5

22.5

23.4

22.4

22.4

22.8

22.5

22.4

22.4

22.7

22.8

22.2

24.3

24.4

127.0

144.2

159.6

128.6

130.0

122.5

129.9

143.7

154.8

148.2

132.6

163.4

165.2

177.0

133.2
17.5
115 6
65*6
28 1

149.5
20 9
128 6
74 7
35 1

167.8
25 1
142 7
85 4
43 3

135.4
17.0
118 4
67 5
29 7

136.3
18.3
118.0
65.9
28 5

128.7
19.1
109 7
61 9
26 9

134.8
19.7
115.1
66.4
29 9

148.1
19.9
128.1
77.4
37.2

159.5
21.9
137.6
74.7
34 2

155.6
21.9
133.7
80.2
39.1

139.2
22.7
116. 6
69.8
32.8

168.9
24.3
144.6
87.8
46.1

175.4
26.0
149.4
87.1
44.6

187.8
27.6
160.2

13.7
8.2
155.9
64.3
91.7
37.9
53.8

16.1
9.6

202.1
83.9
118.2
49.3
68.9

14.9
8. 2
157.8
64.7
93.1
38.4
54.7

13.3
8.2
154.6
62.4
92.2
41.4
50.8

15.4
9. 7
164.8
68.3
96.5
41.5
55.0

14.5
10. 4
175.1
72.3
102.8
42.7
60.1

17.5
10. 3
177.5
72.8
104.8
44.1
60.6

178.3
73.9
104.4
46.3
58.1

17.3
9. 4
172.1
70.0
102.1
47.0
55.1

19.3
11 7
205.5
85.0
120.5
48.1
72.4

20.7

173.9
71.8
102.1
43.7
58.4

14.3
7.6
158.7
66.3
92.4
37.2
55.2

17.1

9.8

-14. 5
-14.4
84 3

-14.8
-14.9
95 4

-24.4
-18.1
106 3

-15.7
-14.4
82 0

-13.3
-14.5
86 2

-17.6
-14.5
88 9

-20.3
-14.6
91 7

-16.6
-14.8
93 7

-7.7
-15.0
97 3

-14.8
-15.3
99.0

-23.5
-16.1
101 7

-24.9
-17.2
104.6

Q 1

Q 1

225.3
94.5
130.7
51.9
78.8
-20.9 - ' 2 8 . 4
-19.3 -19.9
107.4 ' 111.4
205.4
86.2
119.2
50.1
69.2

DISPOSITION OF PERSONAL INCOMEf
bil. $.. 1,380.9 1,529. 0 1, 708.0 1, 363. 2 1, 392. 8 1,430.5 1, 470. 7 1, 508. 6 1, 543. 7 1, 593. 0 1,628.9 1,682.4 1,731.7 '1,789.0
263.2 ' 275.1
249.1
233.3
237.3
223. 3
224. 6
200.0
222.7
192. 6
209.0
226.0
196.5
do
256. 2
1 184 4 1 303 0 1 451 8 1,170. 6 1,192. 8 1, 221. 5 1,248.0 1,285.3 1,319.1 1, 359. 6 1, 391. 6 1,433.3 1,468.4 '1,513.9
1,116. 3 1, 236.1 1, 374. 9 1,100. 7 1,124. 8 1,160. 9 1,195. 8 1,217.8 1, 244. 8 1, 285. 9 1, 309. 2 1,357.0 1,392.5 '1,440.9
.do
76.3
76.0 r 73. 0
73.7
82.4
52.2
67.5
74.3
68.1
69.9
60.7
66.9
68.0
.do....
76.9

Personal income, total
Less: Personal tax and nontax payments
Less: Personal outlays©
Equals: Personal saving§...
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries^!
Nondurable goods industries^ _
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
Durable goods industries^
Nondurable goods industries^
Nonmanufacturing
MiningRailroad
Air transportation
Other transportationPublic utilities
Electric
Gas and other
Communication
Commercial and other

.do....

135.80
60.16
27.77
32.39

153 82
67 6^
31 66
35.96

29.70
12.66
5.61
7.05

30.41
13.48
6.02
7.46

34.52
15.38
7.27
8.12

29.20
12.52
5.80
6.72

33.73
14.84
6.79
8.06

34.82
15.60
7.17
8.43

38.06
17.19
8.00
9.18

32.35
13.67
6.36
7.31

37.89
16.76
7.79
8.97

. . . _do._-do .dodo
do . .

68.01
4.00
2.52
1.30
3.63

75.64
4.50
2.80
1.62
2.51

86 19
4 78
3.32
2 30
2.43

17.04

16.93
1.04

19.14
1.05

16.68
1.02

18.88
1.16

19.21
1.17
.78

20.87
1.15

18.68
1.07

21.13
1.22

.39

.76
.46

1.02

.95

.94

.61

.76

.50

.63

.51

.60

.do....
do
.do.._do
do

22.28
18.80
3.47

25.80
21.59
'4.21
15.45
22.97

29.48
24 79
4.70
18.16
25 71

5.50
4.74

6.46
5.34
1.12

5.21

5.52
4.54
.98
3 33
5.19

5.78

5.55
4.78
.77
3 30
5.27

6.37
5.34
1.03
3 86
5.64

6.61
5.41
1.20
4 03
5.73

7.28
6.06
1.21
4 26
6.33

6.15
5.27
.88
3 97
5.76

7.14
6.01
1.13
4 56
6.18

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

118.12
50.64
22.54
28.09

122.55
54.78
24.59
30.20

125. 22
54.44
25.50
28.93

130.16
56.43
26. 30
30.13

134.24
59.46
27.26
32.19

140. 38
63.02
29.23
33.79

138.11
61.41
28.19
33.22

144.25
61.57
28.72
32.86

150.76
67.20
31.40
35.80

155.41
67.75
32. 25
35.50

do
do _.do
do
do . .

67.48
3.83
2.64
1.44
4.16

67.76
4.21
2.69
1.12
3.44

70.78
4.13
2.63
1.41
3.49

73.74
4.24
2.71
1.62
2.96

74.78
4.49
2.57
1.43
2.96

77.36
4.74
3.20
1.69
1.96

76.70
4.50
2.80
1.76
2.32

82.68
4.45
3.35
2.67
2.44

83.56
4.81
3.09
2.08
2.23

87.66 ' 90. 71 ' 92. 26
4.99 ' 4 . 9 8
'5.35
3.38
'3.49
'3.77
2.20 '2.39
'3.28
2.47 ' 2. 55 ' 3 . 0 1

do
do . . .
do
do
.do....

21.85
18.82
3.03
12.62
20.94

21.67
18.22
3.45
13.64
20.99

23.46
19.49
3.96
14.30
21.36

25.35
21.19
4.16
14.19
22.67

25.29
21.14
4.16
15.32
22.73

26.22
21.90
4.32
16.40
23.14

26.23
22.05
4.18
15.82
23.27

27.92
23.15
4.78
17.07
24.76

28.46
23.83
4.62
18.18
24.71

29.62 ' 31. 73 ' 32. 30
24.92 ' 26. 95 ' 27. 06
4.70 '4.78
'5.24
18.90
18.46
26.09
27.12 2 44. 54 2 46. 46

do

20.99

.99
.68
.42

.76

.64
.26

r
Revised.
v Preliminary.
* Estimates (corrected for systematic biases) for Jan.Mar. 1979 and Apr.-June 1979 based on expected capital expenditures of business. Expected
2
expenditures for the year 1979 appear on p. 26 of the Mar. 1979 SURVEY.
Includes communication.
fSee corresponding note on p. S-l.
9 Includes data for items not shown
separately.
©Personal outlays comprise personal consumption expenditures, interest paid




38.67 ' 44. 91 i 36. 97 i 42.07
16.89 ' 20. 30 ' 15. 97
18.91
7.97 ' 9 . 5 3
7.57
9.20
8.92 ' 10. 77 '8.40
9.72
23.16
21.78 ' 24. 61 ' 21. 00
1.24
' 1.26 '1.28
1.23
.84
.83
'.94
'.80
.54
.68
'.64
'.64
.77
.62
'.71
.62
8.00
'7.12
7.43 '8.78
6.11 '7.40
6.78
'6.16
1.32
'1.37
1.22
'.97
4 68
4 96 2 10.53 2 11.63
6.43
7.34

120.49
52.48
23.68
28.81

bil. $
. _ .do . .

.70
.35

q QA

.59
.33

.67
.43

.71
.52

.83
.60

' 163.96
' 73. 24
' 33. 99
' 39. 26

' 164.23
'71.97
' 34.18
' 37. 78

167. 52
75.90
37.09
38.81
91.62
4.89
3.11
2.36
2.89
31.91
26.92
4.98

by consumers to business, and personal transfer payments to foreigners (net).
§Personal saving is excess of disposable income over personal outlays.
HData for individual durable and nondurable goods industries components appear in the
C
Mar., June, Sept., and Dec. issues of the SURVEY.
Corrected.

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