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BUSINESS STATISTICS
I HE STATISTICS here update series published in the 1963 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.00) contains data by months, or quarters, for the years 1959 through 1962 (1951-62, for major
quarterly series) and averages of monthly or quarterly data for all years back to 1939; it also provides a description of each series and references
to sources of earlier figures. Series added or significantly revised after the 1963 BUSINESS STATISTICS went to press are indicated by an asterisk
(*) and a dagger (f), respectively; certain revisions for 1962 issued too late for inclusion in the aforementioned volume appear in the monthly
SURVEY beginning with the August 1963 issue. Also, unless otherwise noted, revised monthly data (for periods not shown herein) corresponding
to revised monthly averages are available upon request.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely,
through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1961 | 1962 | 1963

1961
III

Annual total

Data from private sources are provided

1962

| IV

I

II

1964

1963
|

III
IV

I

III

II

I

IV

II

' 507. 1

III

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
National income totalf

bil. $..

426.9

455.6

478.5

429.7

442.4

447.2

454.3

457.8

463.2

467.9

474.6

481.9

490.0

498.4

304.7

310.7

316.6

322.4

325. 3

328.0

332.7

338.1

342.7

347.7

352. 5

358.6
328 7
265 3
11 7
51.7
29 9
51 7
39 1
12 6
12 4

Compensation of employees, total _ _ _ . do

302.2

323.1

340.3

Wages and salaries, total
Private
Military
- --Government civilian
Supplements to wages and salaries
Proprietors' income, totaled
-~
Business and professionald*
Farm
Rental income of persons
Corporate profits and inventory valuation
ment total
--

do
do
do._ _
do
do
do _ _
do_ _ _
do
do
adjustbil. $

278.8
227.0
10.2
41.6
23.4
48.2
35.3
12.9
12 2

297.1
241.6
10.8
44.7
25.9
49.8
36.6
13.2
12 2

312.1
252.9
10.9
48.3
28.2
50.6
37.6
13.0
12 3

281.1
228.9
10.0
42.2
23.6
48.5
35.7
12.8
12 2

286.8
233.2
10.8
42.8
23.9
49.6
36.3
13.3
12 2

291.2
236. 5
11.1
43.6
25.4
50.0
36. 3
13.7
12 2

296.6
241.5
11.0
44.1
25 8
49.9
36.6
13.3
12 2

299. 2
243 5
10.7
45.0
26 1
49.7
36. 7
13 0
12 2

301.6
244 8
10.5
46.3
26 4
49 7
36.9
12 8
12 2

305. 3
247 5
10.6
47.2
27 4
50 3
37. 1
13 2
12 3

310.1
251 6
10.7
47.8
27 9
50 1
37.3
12 8
12 3

314.3
255 0
10. 7
48.7
28 4
50 7
37.8
12 9
12 4

318.8
257 6
11.7
49.6
28 8
51 5
38.3
13 2
12 4

323.2
260 8
11. 7
50.7
29 4
51 2
38.6

44.1

48.4

50.8

44.0

49.0

47.1

48.0

48.3

50.3

49 1

50.2

51.4

53 1

56 4

r

57 9

do
do
do__.
do
do
do _

44.2
22 3
21.9
15 2
6.7
-.1

48.2
23.2
25.0
16.5
8.5
.3

51.3
24.6
26.7
18.0
8.7

44.3
22.3
22.0
15. 1
6.9
-.3

49.3
24 8
24.5
15 7
8.8
— .3

47.2
22.7
24.5
16 1
8.4
—.1

47.9
23 0
24.9
16 4
8.5
.0

48.1
23 1
25.0
16 5
8 5
.1

49.4
23 8
25 7
17 1
8 6
.9

48 9
23 4
25 5

51. 1
24 5
26 6
17 7
8 9
— 9

51.3
24 5
26 7
17 9
8 9
.2

56 6
25 4
31 2
19 4
11 8
_ 2

r

57 9

Corporate profits before tax, total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment .

A

83
2

54
26
28
19
9
—1

3
0
3
1
2
2

19 fi

12 4

r 26 0
r 31 Q

19 8
r 12 1
— 1

- do

20 1

22.1

24.4

20 4

20 9

21 3

21 8

22 3

22 9

23 5

24 0

24 7

25 4

25 9

26 5

do

518.7

556. 2

583.9

522. 4

536.9

545.5

553.4

559 0

566 6

571 8

577 4

587 2

599 0

608 8

618 6

Personal consumption expenditures, total. _do

Net Interest
Gross national product, totalf - -

337.3

356.8

375.0

339.1

345.2

350.5

354.0

358.5

364.0

369.2

372. 0

377.4

381.3

390 0

396 1

_ do
do
__do
do
do._.
..do
do .
do
do
do
do___

43 7
17 1
19 3
155 4
28 7
81.3
11 9
138 3
20 4
44 2
10 7

48.4
20.6
20.2
162 0
29.9
84-. 6
12.3
146.4
21.6
46 5
11.3

52 1
22.7
21.4
167 5
30.7
87.1
12.8
155.3
22 7
48 9
11.7

44 3
17 4
19.5
155 7
28 7
81.4
11 9
139. 1
20 6
44 4
10 7

46
18
19
157
29
82
12
141
20
45
10

0
6
9
8
4
2
0
4
9
0
8

47 4
19 7
20 1
159 5
29 6
83.2
12 2
143 6
21 3
45 6
11 1

47
20
19
161
29
84
12
145
21
46
11

48
20
20
162
30
85
12
147
21
46
11

50
21
°0
164
30
85
12
149
22
47
11

2
8
6
4
2
9
5
5
0
5
5

51 1
22 4
20 8
166 0
30 4
86 4
12 7
152 1
22 4
48 0
11 6

51 5
22 6
21 0
166 6
30 1
86 9
12 8
153 9
22 4
48 6
11 7

52
22
21
168
31
87
12
156
22
49
11

2
6
6
6
3
3
9
6
9
2
7

53 6
23 2
22 3
168 9
30 9
87* 8
13 0
158 8
23 0

55 9
24 3
23 1
172 9
32 1
89 7
13 3
161 1
23 5

57
24
24
175
33
90
13
163
24

do

68.8

79.1

82.0

71.3

74.9

77.4

78.9

80 2

79 9

77 9

80 2

82 8

87 1

85 9

87 2

do...
do
do...
do
- do -

41 0
21 1
25.9
1.9
15

44 2
23 6
29.0
5.9
5.3

46 6
25 2
31.0
4.4
39

41 3
21 5
26.3
3.7
33

41 9
22 1
27 4
5.6
5 2

42 5
22 5
28*. 1
6.9
6 4

44 1
23 5
28.8
6.1
5 5

45 5
24 4
29 6
5.1
4 4

44 9
°4 0
29 7
5.4
4 8

44 7
24 3
29 6
3.6.
30

45 9
25 1
30 7
3.6
32

47 2
25 4
31 4
4.2
37

48 3

49 2

48 9

32 4
6.4
6 0

34 2
2.5
2 2

34 6
3.7
34

do
do
do

4.6
27 6
23 0

4.0
29 2
25 2

4.4
30 7
26 3

4.2
27 8
23 7

4.3
28 4
24 1

3.4
28 0
24 6

4.3
29 6
25 3

4.4
29 7
25 3

3.9
29 4
25 5

4.3

00

4.2
01 n

5.8

7.7

5.7

OC Q

9fi Q

9fi S

97 Q

Govt. purchases of goods and services, total, .do
Federal (less Government sales)
do
National defense 9
do
State and local
do

108.0
57.4
49.0
50 6

116.3
62.9
53.6
53 5

122.6
64.7
55.2
57 9

107.9
57.1
48.6
50 9

112.6
59.8
50.9

114.3
61.4
52.5
52 8

116.1
63.6
55.3

115.9
62.4
53.0

122.8
64.4
55.5

124.8
64.9
55.3

125. 2
64.3
54.0
60. 9

129.6
67.1
57.0

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

516 8
257 9
94 5
163 4
200 8
58 1

550 3
273 6
102 3
171.3
214 7
62 0

579
285
108
177
228
65

5
8
2
6
4
2

518 7
258 8
95 4
163 4
201 8
58 2

531
264
98
166
206
59

4
8
4
5
8
7

538 7
268 9
100 2
168 7
210 0
59 8

547 3
273 5
103 5
170 0
212 2
61* 6

554 0
273 9
101 4
172 6
°16 8
63 2

fiflfi

A.

9QQ

9

1.9
1
2.0

5.9
30
2.' 9

4.4
2 2
2.' 2

3.7
2 3
L4

5.6
3c\
2.0

6.9
3 Q
2.9

6.1
31
3.0

5.1

5.4

3.6

2.0

3.6

2.0

Durable goods, total ©
_
Automobiles and parts.. _
Furniture and household equipment
Nondurable goods, total©
_
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
__
_
Services, total ©
Household operation.
Housing
Transportation
Gross private domestic investment, total
New construction
Residential nonfarm
Producers' durable equipment
Change In business InventoriesNonfarm.__
Net exports of goods and services
Exports
_
Imports
_

Inventory change, total
Durable goods
Nondurable goods

_

do
do
do
do
. do
do
_do
"do
do

CO Q

' Revised. * Preliminary. jRevised series. Estimates of national income and product
and personal income have been revised back to 1961 (see p. 8 fl. of the July 1964 SURVEY)revisions prior to May 1963 for personal income appear on p. 15 of the July 1964 SURVEY




7
3
9
0
7
1
2
3
3
2
2

co e

4
5
3
9
0
2
3
2
7
8
4

eo e

3.4
0

orv r

25 4

26 3

118.7
63.8
53.5

121.4
65.1
54.8

120.9
64.3
55.2

%1
278
104
174
220
63

568
280
105
175
224

2
2
1
1
0
0

4Q 8
11 8

9fi 9

£70 7

g9 7

COO ft

CQ9

286
111
175
223
63

2
9
0
8
7

285 7
106 6
179 1

9QO *}
110 4

5
0
5
5
7

3.6
!

.9

cfIncludes inventory valuation adjustment.
9 Government sales are not deducted.

901 9

66 2
4.2

(*

179 9

Cft

C

C1

12 0

9fi Q

114 3
183 9

0
1
2
3
2
6
5
8
o
1

12 2

9fi 9

IftA

9

m

A

185 4

9^4 ^
fi'7 8

900 e
ft

941 7
CO Q

6.4
3. 0
3.4

2.5

3.7

f.Q

2. 5
1.2
©Includes data riot shown separately.
2.7

1.8

S-l

SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS

1961

1962 I 1963

1961

1963

1962

1964
j

Annual total

IV

I

II

III

IV

I

in !! iv

II

I

11

<

GENERAL BUSINESS INDICATORS—Quarterly Series -Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
GNP in constant (1954) dollars
Gross national product, totalt -bll. $._
Personal consumption expenditures, total do
Durable goods
Nondurable goods
Services

_

do „_
do
do __

Gross private domestic Investment, total
New construction
Producers' durable equipment
Change In business Inventories.

do
do
do_ __
_do

.

447.9

476.4

492.6

462.5

469.1

475.1

478.3

483.0

485.4

487.9

494.8

502.0

508.0

513. 5

303.8

318.5

330.6

310. 0

314.2

316.6

319.8

323. 6

327.0

328. 6

332.4

334.4

340.9

345 0

41.4
143. 5
118.9

45.7
148.3
124.5

49.3
151.6
129.7

43.7
145.6
120. 8

44.8
146.6
122. 7

44.9
147.8
123.8

45.6
149.1
125.0

47.6
149. 5
126.5

48.5
150.7
127.8

48.6
151.1
128.9

49.4
152. 5
130.6

50.8
152. 1
131.6

53. 1
155.2
132.6

54 0
157.4
133 7

57.4

65.9

67.7

62.7

64.8

65 8

66.3

66.5

64.7

66.2

68. 1

71.7

70 1

70 8

34.3
21.4
1.7

36.7
24.0
5.2

37.9
25.6
4.1

35.2
22.7
4.8

35. 5
23.2
6.1

36.6
23.8
5.4

37. 5
24.4
4.4

37.0
24.7
4.9

36.8
24.6
3.4

37.5
25.4
3.3

38 2
25.9
4.0

39 0
26.8
5.9

39 6
28 1
2.4

28 3
33

,_do-___

2.5

2.2

2.2

2.1

1.3

2.8

2.8

2.1

1.3

2.1

2.0

3 5

5 4

3 4

Govt. purchases of goods and services, totaL..do _._
Federal
do
State and local
_ _ _ _ _ __do

84.3
44.8
39.4

89.8
49.4
40.3

92.1
49.7
42.4

87.7
47.0
40. 7

88.8
48.4
40.4

89.9
50.2
39.8

89.4
49 2
40. 2

90.7
49 9
40 9

92.4
50. 7
41.8

91.0
49 4
41 7

92.3
49 6
42 7

92.4
48 9
43 4

91.6
47 8
43 8

94.3
49 8
44 5

417,6
52.9
364.7

442.4
57.9
384. 6

464.1
61. 6
402. 5

428.6
54.4
374.2

434.7
56. 1
378.5

441.0
57 6
383. 4

444.5
58 5
386.0

449.7
59 3
390 4

455. 2
60 1
395. 1

460. 2
61 1
399 1

466 3
61 9
404 4

474 5
63 3
411 2

480 9
61 4
419 5

487 9
56 6
431 3

27.3

27.8

27 5

29 1

28 0

99 4

275

26 4

25 9

27 1
.;/. i.

27 o

29 9

99 5

35 9

11 09

q 4Q

Net exports of goods and .services

DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal Income, total . _ _ _ _ _
HI. $_.
Tjpss 1 Personal tax and nontax pavments
do
Equals- Disposable personal Income ._ _ _ _ d o _ _ _
personal ^avln^ §
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Hnadiusted quarterly or annual totals:
All Industries
HI. $

34.37

37.31

39.22

9.54

8.02

9. 50

9,62

10 18

8 25

q 74

IQ 14

do
do__.
do

13. 68
6.27
7.40

14.68
7.03
7.65

15. 69
7.85
7.84

3.88
1.79
2.09

3.14
1.44
1.69

3.69
1.77
1.92

3.72
1.79
1.93

4 13
2 03
2 10

3 27
1 62
1 65

3 6°
1 96
1 %

•\ 95
1 96
1 99

4 56
29
31
2 5

3 7Q
1 93
1 87

do
do.. .
do
do
do
do

98
.67
1.85
5 52
3.22
8.46

1.08
.85
2.07
5.48
3.63
9.52

1.04
1. 10
1. 92
5 65
3. 79
10. 03

, 26
. 16
. 50
1.54
.88
2.32

.26
.16
. 47
1.06
.88
2.06

,27
.26
.60
1.37
93
2, 37

.28
,24
.50
1 54
R7
2,48

.27
.20
50
! 52
. 95
2, 60

24
.21
39
1 04
85
2 96

28
54
1 40
05
2 41

27
°29
45
1 60
93
2 64

28
33
54
1 61
1 06
2 72

26
39
51
1 18
97
2 37

do

35 40

35. 70

36 95

38 35

37 95

36. 95

38 05

40 00

41 20

. do
do
do

14.00
6. 40
7.60

14, 20
6, 55
7. 60

14. 45
6- 95
7. 50

15. 05
7.25
7.80

1 .5. 00
7 30
7.70

14.85
7, 35
7.50

15. 30
7. 65
7. 65

15.95
8.00
8.00

16. 45
8.30
8. 15

1.00
. 60
1.95
5. 55
3. 35
9.00

1.15
.70
2.05
5.15
3.70
8.75

1. 05
.95
2.25
f,. 40
3.65
9.25

1.10
1.00
2.00
5. 75
3.60
9.85

1.00
.80
1.90
5. 45
3.60
10.20

1.05
.90
1.70
5.20
3. 55
9.65

1.00
1.00
2. 05
5.45
3.65
9.65

1.05
1.20
1.85
5.90
3.85
10.20

Manufacturing
Durable goods Industries
Nondurable goods Industries
Mining
Railroads
Transportation, other than rail
Public utilities
Communications
Commercial and other

_

Sons. adj. qtrly. totals at annual rates:
\!1 industries
Manufacturing
__
D arable goods industries
Nondurable goods industries

.-

9fi

r

9

44
61

^f\

8

1 6C<

'43 50 ' I 44 55

2 16. 1 .'

1.05
1.35
2. 10
5.80
4.05
10. 45

1.15
1.40
2.30
5.95
4.05
10.25

r | 15
•• 1, 15
'1.25
' i 40
' 2 25 ' 2 . 2 5
' 6. 30
6. 00
4. 30
3
' 10. 45 '^15.10

4,860

4,875

4,895

' 9, 071 '9,219

9,742

4,780

4,790

4,800

4,815

4,825

4, 835

4,850

U.S. BALANCE OF INTERNATIONAL
PAYMENTS^!
Quarterly Data are Seasonally Adjusted
U S payments recorded
mil $

31, 791

33, 486 '35,990

8,616

8,447

8, 151

8,312

8.576

' 8, 724

'9,713

' 8, 482

do
do
__ do

14,497
2,954
5,401

16,134 ' 16, 996
2,897
3,044
5,843 ' 6, 442

3,881
714
1,389

3,948
758
1,412

4,058
749
1, 462

4, 088
745
1,465

4,040
792
1,504

r 4, 037
747
'1,543

' 4, 212
731
' 1,588

' 4, 368 ' 4, 379 ' 4, 366
708
'717
711
'1,654 ' 1,657 '1,662

Remittances and pensions

do

705
4,054

738
4,293

174
1,206

187
1.074

189
1,065

177
1,066

185
1,088

'209
'1,060

'209
' 1,336

U S private capital (net)
Direct investments
Long-term portfolio
Short-term

do
do
do
do

4,180
1,599
1,025
1,556

3,434 ' 4, 307
1 654 T 1,888
1,227 ' 1,685
'734
553

1,252
377
445
430

1,068
260
390
418

628
446
303
-121

771
417
208
146

967
531
326
110

'1,128 '1,637
' 477
'6!8
598
' 546
' -36 '562

19. 05
9. 50
9, 55

1.10
1 . 90
2-45
6. 00
15. 60

' 4, 576
731
1,702

'197
'923

208
1,130

'1,008 '1,354
'517
' 558
'227
'238
'610
'212

1,395
513
261
621

'202
' 206
1,009 ' 1,117

4

r

r

9Q

34

' 29
' 36
83

5 30
2 66
2 f >4

'17. SO ' • I S . 70
' 9. 00 ' 9. 35
'8.80
'9,35

4,770

r

2 1 2 43

17. 40
8.85
8.55

« 4, 797

'534
'235
'303

' 11 28

42 55

<4,755

826
4, 522

r

3 4 11

* 4, 713

.

11 11

' 4 53 ' 4 fi4
' 2 30
' ° 31
' 2 23
r 2 33

' 1 58 1 6°
1 10
' 2 61 r 3 '3 ^'!

Mining
do
Railroods
do
Transportation other than rail
do
Public utilities
do
Communications
do
Commercial and other
do
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally adjusted)
thous

Imports:
Merchandise
Military expenditures
Other services

r

do

30, 419

32, 394 ' 33, 685

7,717

7,706

7,925

8,408

8,355

' 7, 780 ' 8, 429

' 9, 326

9,040

Exports:
Merchandise
Services and military sales

do
do

19,913
8 525

20, 576 r 21, 989
9 508 r!0 031

5,121
2 187

5, 032
2, 198

5,237
2 397

5,288
2 339

5, 019
2 574

' 4 990 ' 5, 472 ' 5 610 '5,917 '6,112
r
' 2 545 ' 2 505 ' 2 427 ' 2 554 2, 885

' 6, 042
2, 756

Repayments on U S Govt. loans

do

1,274
707

r 696

196
213

150
326

237
54

606
175

287
475

— 1,372 — 1,092 T— 2 305
—998 — 1,111 ' —339

—899
-332

-741

—226
214

96
-430

—221
-460

' 107
' —944 '— 1 284 ' 114 ' —191
' ' 11 ' 267
' 57 ' -192
' —118

-1,231

-748

-440

-334

-681

'-1,062 '-1,295 ' -153 ' -134

' -85 ' -733

' -109

' -611

U S receipts recorded

Excess of recorded receipts or payments ( — )
Unrecorded transactions (net)

do
do

Total, net receipts or payments (— )
...do
-2,370
Net receipts or payments (— ), incl. transactions in
nonmarketabie, medium-term convertible Govt.
securities
mil. $..
r
1
2

1,280
1 030

969

-2,203 -2, 644
-1,942

Revised.
»Preliminary.
Estimates for July-Sept. 1964 based on anticipated capital expenditures of business.
Estimates for Oct.-Dec. 1964 based on anticipated capital expenditures of business.
Anticipated expenditures for the year 1964 are as follows (in bil. $): All industries, 44,21;
manufacturing, total, 18.27; durable goods industries 9.19; nondurable goods industries,
9.08; mining, 1.12; railroads, 1.46; transportation, 2.31; public utilities, 6.07; commercial and
3
DigitizedotherFRASER
for (incl. communications), 14.98.
Includes communications.



166
T 79

190
r 262

'-1,143

' 8, 596

424

r 135

'22

' 8, 880

189
'220

216
' 113

188
54

-702

< Unadjusted. Data represent firms in operation as of Jan. 1; estimate for Jan. 1, 1963
is based on incomplete data. tSee corresponding note on p. S-l (revisions prior to 3d qtr.
1961 appear on p. 8ft*,of the July 1964 S U R V E Y ) .
§Personal saving is excess of disposable income over personal consumption expenditures
shown as a component of gross national product on p. S-l.
d"More complete details are given in the quarterly reviews in the Mar., June. Sept.
and Dec. issues of the SURVEY.
{Revisions for 1960-2d qtr. 1961 appear on p. 10 of the June 1964 SURVEY.

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