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SURVEY OF CURRENT BUSINESS

November 1909

NATIONAL INCOME AND PRODUCT TABLES
1969

1968
1967

1968

II

III

IV

1968

II

III

1967

1968

II

Seasonally adjusted at annual rates

III

1969
IV

II

III

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)
793.5

Durable goods
Nondurable goods
Services . -__

. - - - _ _ . .

-

-

.._-

876.4

892.5

908.7

924.8

942.8

674.6

707.6

705.8

712.8

718.5

723.1

726.7

730.6

530.3

544.9

550.7

562.0

572.8

579.8

430.3

452.6

449.0

458.2

457.6

462.9

466.2

466.5

73 0
215.1
204.2

83.3
230.6
222.8

81.8
228.5
220.0

85 8
233.3
225.8

86.3
234.3
230.1

88.4
238.6
235.0

90 6
242.1
240.1

89 8
245.1
244.9

72.8
190.3
167.2

80.7
196.9
175.0

79.5
195.8
173.7

83.0
198.7
176.5

82.7
197.2
177.7

84.3
199.3
179.3

85.9
199.3
181.0

84.7
199.3
182.5

116.0

.

__ -

Change in business inventories
Nonfarm .
Farm

126.6

125.2

133.9

135.2

137.4

143.3

100.8

105.7

106.6

104.1

110.9

109.9

110.8

114.3

116.7

118.0

123.4

128.6

130.5

132 5

93.9

99.1

97.6

97.7

101.4

104.0

104.8

105.0

88 8
29.3
59 5

86 4
28.3
58 1

88 1
29.0
59 1

91.5
30.1
61 4

95 3
32.3
63 0

97 8
32.1
65 7

101 1
34 7
66 4

73 6
22.6
51 0

75.8
22.7
53 2

74.0
22.0
52 0

75.0
22.2
52.7

77.3
22.9
54.4

79.4
23.9
55.5

81.0
23.3
57.7

82.4
24.6
57.8

30.2
29 6
.5

30.3
29 7
6

29.9
29 4
5

31.9
31 4
.5

33.3
32 8
.5

32.7
32 2
5

31 4
30 9
5

20.3
19 8
.5

23.3
22 8
.4

23.5
23 1
.4

22.7
22.3
.4

24.1
23.7
.4

24.6
24.2
.4

23.8
23.4
.4

22.6
22.2
.4

7 4
68
6

Residential structures
Nonfann
Farm

126.3

25.0
24 4
6

_. _

119.0

83 7
27.9
55 7

_

Nonresidential
Structures
Producers' durable equipment

73
7.4
_ i

99
10 3
— 4

7 2
7.5
— 3

10 5
10.7
— 2

66
6.6

69
67
2

10 7
10 3
4

69
6.3
6

6.6
6.7
— 1

9.0
9.4
— 3

6.4
6.7
-.3

9.6
9.8
— 2

5.9
5.9
.0

6.0
5.8
.2

9.3
8.9
.4

o

_

_

_

_

_

_

_

Government purchases of goods and services
Federal
_
National defense
Other _

_

State and local .

5.2

2.5

3.4

3.6

1.2

1.5

1.6

2.7

3.6

.9

1.3

1.7

-.2

-.3

-.5

.4

50 6
48.1

50 7
47.3

53 4
49.7

50 6
49.4

47 6
46.1

57 1
55.5

57 8
55 2

42.1
38.5

45.6
44.7

45.2
43.9

48.0
46.3

45.5
45.7

41.9
42.2

50.4
50.8

50.2
49.8

180.1

200.3

198.4

202.5

206.7

210.0

212.9

217.0

140.0

148.4

148.9

148.8

150.2

150.6

150.2

149.4

99 5
78 0
21 5

99 0
77 9
21 1

100 9
78 8
22 1

101 9
79 3
22 5

101 6
79 0
22 6

100 6
78 5
22 1

103 2
80 3
22 9

74 8

78 9

79.6

79.2

79.4

78.3

76.3

75.5

89 3

_

46 2
41.0

90 7
72 4
18 4

Net exports of goods and services.
Exports.
Imports

858.7

536.6

108.6

Gross private domestic investment
Fixed investment

865.7

492.3

Gross national product ..
Personal consumption expenditures

100 7

99 4

101 7

104 8

108 5

112 3

113 8

65 2

69 5

69 3

69 6

70 8

72.3

73.9

73.9

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
793 5

Final sales
__
Change in business inventories. . _ _
Durable goods
Final sales
Change in business inventories
Nondurable goods... _ .
Final sales
Change in business inventories
Services

_
.

_

876 4

892 5

908 7

924 g

942 8

674 6

707.6

705.8

712.8

718.5

723.1

726.7

730.6

848 8
9g

869 2
7 2

882 0
10 5

902 1
66

917 9
69

932 0
10 7

667 7
69

701 0
66

696 8
90

706 3
6.4

709 0
9.6

717.2
5.9

720.7
6.0

721.3
9.3

431.1

429 2

437 0

443 5

447 9

456 5

465 9

362 7

381 3

380.8

385.5

388.2

389.1

391.6

395.9

423 7
73

419 3
99

429 9
72

433 0
10 5

441 3
66

449 6
69

455 2
10 7

355 7
69

374 7
66

371 7
90

379 1
6.4

378.7
9.6

383.2
5.9

385.7
6.0

386.6
9.3

160 9
157 0
39

Goods output

858 7

858 4
73

391 0
7 4

__

865 7

786 2
74

398.4

Gross national product..
Final sales
Change in business inventories

176 7
171 4
53

175 7
168 9
68

178 8
173 7
51

184 0
176 6
74

186 4
181 6
48

190 3
185 5
49

195 4
187 8
76

152 0
148 5
35

162 8
158 0
4 7

162 3
156 2
61

164 5
159.9
45

167.8
161.2
65

169.0
164.8
42

171.4
167.3
41

174.7
168.1
6.6

237 5
234 1
35

254
252
2
347

253 5 258 3
250 4 256 1
21
31
343 4 353 2

221 1 220 5
219 2 217 5
3.0
19

220 2
218 4
1.7

220 2
218.4
1.9

221.2
218.5
2.7

262 4

262 7

264 6

267.0

267.6

64.8

67.5

69.3

68.0

67.1

316 7

Structures

78 4

4
3
0
5

87 1

86 0

259 5 261 5 266 2 270 5 210 7 218 6 218 4
256 4 259 7 264 1 267 4 207 3 216 7 215 5
29
34
31
18
19
21
31
358 5 365 8 373 4 381 6 249 1 259 9 258 9
94 9
94 g
66 4
66 2
86 1 90 6
95 3 62 9

Table 3.—-Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
793 5

865 7

858 7

942 8

674 6

707 6

705 8

712 8

718 5

723.1

726.7

730.6

764 9

892 5
794 Q

924 g

770-5

876 4
779 2

908 7

708 2

808 5

822 7

836 5

617 0

647 9

646 1

652 6

658 3

662 6

665.8

669.4

740 6
715 7
24 9

734 6
709 8
24 8

749 3
724 1
25 2

763 1
738 4
24 7

776 7
751 1
25 7

790 5

804 0

_

681 0
656 6
24 4

77R 4
97 7

597 3
573 5
23 7

627 5
604 2
23 3

625 3
602 3
23 o

632 1
608 8
23 4

637 5
614 6
22 9

641 5
617 8
23 7

644 8
621 1
23 7

648.6
624 5
24.1

Households and institutions __

28 3

28 9

15 4

15 9

16 1

15 7

16 2

16 8

17.2

17.4

39

36

43

4 5

4 7

47

4 6

43

37

3.5

1(19 1

1AA ?

59 8

60 2

60 2

60 5

60 9

61.1

Gross national product
Private
Business
Nonfarm
Farm

_

22 7

25 2

25 4

25 0

26 0

27 2

Rest of the world

4 5

47

49

49

4 5

General government

85 3

95 2

4 9
93 g

98 5

100 2




97 1

7fi3 ft
97 R

57 6

59 7

CURRENT BUSINESS STATISTICS

J.HE STATISTICS here update series published in the 1967 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURKENT 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.
1966

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

1966

1968

I 1967

III

1967

IV

Annual total

I

II

1968

III

IV

II

I

1969

III

IV

I

III

| II

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
908 7

924.8

' 942. 8

562 0

572.8

r

88 4
39 4
35 5

90.6
40.0
36.8

89.8
'40.8
35.8

3
3
4
5

238 6
48 1
118 4
20 4

242. 1
50.0
119.1
21.0

' 245. 1
'50.8

995 g
31*6
77 9
16*3

230 1
31 9
79 8
16 5

235 0
32* 7
81 3
17 1

240. 1
33.1
82.8
17.3

244 9
33.9
* 84 4
17 7

125 2

133 9

135 2

137.4

T

143 3

128 6
95 3
32 3
63.0
33 3
32 8
66
6 6

130.5
97 8
32 1
65.7
32.7
39 9
6.9
6 7

r

132 5

15
47 6
46 1

16
57.1
55 5

bil. $

749.9

793.5

865.7

755.9

do

466 3

492.3

536.6

471.2

70.8
30.3
29 9

73.0
30.5
31 3

83.3
37.0
34 2

71.3
30.2
30 6

71 9
30.5
30 7

70 0
28.4
30 7

73 5
31.3
31 2

73 3
30.9
31 2

75 2
31.2
32 2

79 5
34.8
33 4

81 8
35.6
33 8

85 8
38.6
35 0

do
_do
do
___do

206 9
40.3
105 8
16.6

215.1
42.5
108.1
17.7

230.6
46.3
115 0
19.1

209.6
41.1
106.7
16.7

209 1
40.9
105 6
17 0

213 2
41.7
107 8
17.3

214 4
42.6
107 6
17.5

215 8
42.9
108 1
17.9

216 8
42 7
108 9
18 1

226 1
45.0
112 6
18.9

228 5
45.6
114 8
18 8

233 3
47.4
116 1
19 5

234
47
116
19

do
.do
do
_do

188 6
27.1
67 5
13 6

204 2
29.1
71 8
14.7

222 8
31.2
77 4
16.1

190 2
27.6
67 9
13 6

193 5
27 9
69 0
14 1

197 7
28.2
70 1
14 4

201 8
29 0
71 1
14 5

206
29
72
14

6
3
3
8

210 6
30 1
73 7
15 0

215 1
30 5
75 2
15 5

220
30
76
15

0
7
7
9

Gross private domestic investment, total

do

121.4

116.0

126.3

119 6

126 2

113 6

109 4

117 7

123 3

119 4

126 6

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

do
do
do
do
do
do
do
do

106 6
81 6
28.5
53.1
25.0
24 5
14.8
15 0

108 6
83 7
27.9
55.7
25.0
24 4

7.4
68

7.3

do
_dodo

53
43. 4
38 1

Govt. purchases of goods and services, total__do
Federal
_do_ _
National defense ._
_
__
do
State and local
do
By major type of product: f
Final sales, total
Goods, total
_
Durable goods
Nondurable goods.. . .
Services.
.
Structures

Jross national product, total f .

__~

Personal consumption expenditures, total

Durable goods, total 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

__ . .
_

•

,

_

'_. '__ _

,

474 5

774.2
480 9

783. 5
489 8

800.4
495 7

816 1
502 6

835 3
520 6

858 7
530 3

j

876 4

892 5

544 9

550 7
86 3
39 0
34 6

_ _

106 3
84 2
28 2
56.0
22 1
21 "5
19 9
20 4

104 7
83 3
29 0
54.2
21.4
20 9
90
9 i

106 1
83 0
27 2
55.8
23 1
22 5
34
30

109 9
83 5
27 8
55.7
26 5
95 9
78
7 0

113 8
85 0
27 8
57.2
28 8
28 3
9 5
8 0

117 7
89 1
29 8
59.4
28 6
28 0
16
13

116 7
86 4
28 3
58.1
30 3
29 7
9 9
10 3

118 0
88 1
29*0
59.1
29 9
99 4

7 4

107 7
83 0
29 0
54.0
24.7
24 2
11.9
12 4

7 5

123 4
91 5
30 i
61.4
31 9
31 4
10 5
10 7

5 2
46.2
41 0

25
50.6
48 1

4 4
43.7
39 3

4 9
44 8
39 9

54
45 8
40 4

58
45 9
40 1

56
46 3
40 7

38
46 7
42 8

19
47 7
45 9

34
50 7
47 3

36
53 4
49 7

12
50 6
- 49 4

156.8
77.8
60.7
79 0

180.1
90.7
72.4
89 3

200.3
99.5
78 0
100 7

160.7
80.5
63 3
80 1

165.2
82.1
65 6
83 0

174.2
87.8
69 9
86 4

178.5
90 3
71 9
88 1

181.3
91 3
73 0
90 0

186.4
93 5
74 6
99 9

193.4
96 3
76 1
97 1

198.4
99 0
77 9
99 4

202.5
100 9
78 8
101 7

206.
101
79
104

7
9
3
8

210.0
101 6
79 Q
108 5

212. 9
100 6
78 5
112 3

do
do
do
do
do
do

Net exports of goods and services
Exports
_ _ _ _ ._
Imoorts

Change in business inventories
Durable goods
Nondurable goods.
_.

770 7

735 1
368 5
146 2
222. 3
289 1
77 5

786 2
391.0
157 0
234.1
316 7
78 4

858 4
423 7
171 4
252 3
347 5
87 1

744 0
373 4
148 1
225 3
293 2
77 4

750 8
377 2
151 8
225*4
298 4
75 3

765 2
382 5
151 9
230 7
306 4
76 3

780 2
392* 5
158 3
234*2
312 0
75 g

792 g
393 3
157 7
235 5
320 1
79 3

806 6
395 8
160 0
235 9
328 4
82 4

833 6
412 8
166 4
246 5
335 0
85 8

848 8
419*3
168 9
250 4
343 4
86 0

869 2
429 9
173 7
955 i
353 2
86* 1

882
433
176
256
358
90

0
0
6
4
5
6

9Q9 i

441 3
181 6
959 7
365 8
94 9

917 9
449 6
185 5
264 1
373 4
94 8

do
do
do

14.8
10 5

7.4
39

7.3
53
20

11.9
10 9
17

19.9
13 9
6 7

9.0
4 2
4 7

3.4
15
18

7.8
4 4
34

9.5
56
39

1.6
19
— 3

9.9
68
31

9 I

10.5
74
31

6.6
48
18

6.9
4 9
9
1

43

35

119 0
88 8
29 3
59.5
30.2
29 6

7*2

7.2
51

GNP in constant (1958) dollars
Jross national product, total f

579. 8
r

r 119. 9

21.8

r IQl I

r 34 7
'66.4
r
31 4
T 30 9
r 10 7
r 10 3
r
2 7
r 57 g
r 55' 2

r 217. 0

r 103 2
r gO 3
r H3 g

r

932 o
455 9
187 8
9g7 4
381 6
95 3
MO. 7
7 6
Q 1
6.1

.

bil. ?_.

658.1

674. 6

707.6

660.2

668.1

666.5

670. 5

678.0

683.5

693.3

705. 8

712.8

718.5

723. 1

726, 7

418. 1

430. 3

452.6

421.3

420 7

424 4

430 5

431 9

434 3

445 6

" 449 0

458 2

457 6

462 9

466

9

466 5

do
do
do

71.7
187 0
159.4

72. 8
190 3
167 2

80 7
196 9
175 0

72.3
188 7
160 2

72 3
187 0
161 5

70 3
190 2
163 9

73.9
190 6
166' 1

73 0
190 3
168 6

73 9
190 2
170 3

77 7
196 0
171 8

79 5
195 8
173 7

83 0
198 7
176 5

82 7
197 2
177 7

84 3
199 3
179 3

85 9
199 3
181 0

84 7
199 3
182 5

do

109.3

100. 8

105.7

107.1

112.5

100.5

95.7

101.6

105.4

110 9

109 9

110 8

114 3

do
do
do
do

95 4
74.1
21 3
13 9

93
73
20
6

99
75
23
6

1
8
3
6

% 0
75 0
20 9
11 1

94
75
18
18

92
74
17
8

0
1
9
5

92 6
73 5
19 0
31

94 3
73 1

101
77
24
9

104
79
94
5

0
4
g
9

104 8
81 0

105
82
22
9

do

4.2

.9

3.2

3.3

4.0

4.2

-.3

—.5

.4

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

126.5
65 4
61.' 1

128.7
148.4
131 6
140.0
67 3
74 8
78 9
68 6
6L4
es'o
69.5
65. -2
T
Revised.
v Preliminary.
| Revised series. Estimates of national income and product
and personal income have been revised back to 1965 (see p. 13 ff. of the July 1969 SURVEY),

137.6
72 8
64^8

140.1
75 1
65.0

150 6
78 3
72 3

150 2

149 4

Personal consumption expenditures, total , .do
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




_
_ _

9
6
3
9

3.6

0
4
6
5

101 2

106.6

104,1

7
8
o
7

99 8
77 i
22* 7
15

97
74
23
9

97
75
92
fi

4.1

2.0

.9

1.3

1.7

140.4
75 5
64.9

141 7
75 7
66.0

145 6
77 3
68.3

148.9
79 6
69.3

148 8
79 2
69.fi

91 2

7 4

Q

6
73
93
8

6
0
5
0

7
0
7
4

4
3
1
6

150 2
79 4
70. 8

90 o

6 0

7fi ^
73 Q

' 730. 6

0
4
g
3

73 Q

revisions prior to May 1968 for personal income appear on p. 26 ff. of the July 1969 SURVEY.
9 Includes data not shown separately.

s-l

SURVEY OF CURRENT BUSINESS

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

1966

| 1967

196S

Annual total

1966

IV

November 1969
1968

1967

I

II

III

IV

I

II

1969

III

IV

I

II

III

IV

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT-Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income total f

bil. $

620.6

654.0

714.4

637.3

639.3

646.2

658.5

672.0

688.8

707.4

724.1

737.3

751.3

do

435.5

467.4

513.6

449.7

456.2

461.1

470.7

481.7

495.1

507.0

519.8

532.3

546.0

558.2 ' 571. 9

do
do
do .
do
do

394.5
316.8
14.6
63.1
41.0

423.5
337.3
16.2
70.0
43.9

465.0
369.0
18.0
78.0
48.6

407.4
326.2
15.5
65.7
42.3

413.2
330.2
15.8
67.2
43.0

417.7
333.0
15.9
68.8
43.4

426.5
339.6
16.1
70.8
44.2

436.5
346.3
17.0
73.2
45.1

448.2
355.9
17.3
75.0
47.0

459.0
364.5
17.6
76.8
48.0

470.7
372.7
18.7
79.3
49.1

482.1
382.8
18.3
80.9
50.2

493.3
392.5
18.2
82.5
52.7

504.3 ' 516. 9
402.0 r 410. 2
18.4
20.1
84.0
86.6
53.8
55.0

61.3
45.2
16.1
20.0

61.9
47.2
14.7
20.8

63.8
49.2
14.6
21.2

60.8
45.8
15.0
20.3

60.8
46.5
14.3
20.6

61.7
47.1
14.7
20.8

62.6
47.8
14.8
20.9

62.3
47.5
14.9
21.0

63.2
48.4
14.8
21.1

63.6
49.2
14.3
21.2

64.1
49.3
14.8
21.2

64.1
49.7
14.4
21.4

64.6
49.7
14.9
21.5

66.5
50.1
16.4
21.6

67.3
50.5
16.8
21.7

82.4

79.2

87.9

83.7

78.3

78.3

79.1

81.1

82.5

88.2

90.6

90.3

89.5

89.2

P88.7

9.7
72.7
42.6
18.6
24.0

10.5
68.8
39.0
18.1
20.9

11.5
76.4
44.4
19.9
24.5

10.1
73.6
42.9
18.7
24.2

10.2
68.1
39.2
18.2
21.0

10.3
68.0
38.8
17.9
20.8

10.5
68.6
38.3
18.0
20.4

10.8
70.3
39.5
18.3
21.2

11.0
71.6
41.1
19.1
22.0

11.2
76.9
44.9
19.8
25.1

12.1
78.5
45.4
20.4
25.0

11.9
78.5
46.2
20.4
25.8

12.3
77.2
45.1
20.3
24.7

12.7
76.5
44.9
21.0
23.9

P13.1
P75.6

11.9
18.2

10.8
19.0

11.6
20.4

11.9
18.9

10.9
18.0

10.7
18.5

10.8
19.5

10.9
19.9

11.3
19.1

11.5
20.6

12.0
21.0

11.6
20.7

11.8
20.3

11.7
19.9

84.2
34.3
49.9
20.8
29.1
-1.8
21.4

80.3
33.0
47.3
21.5
25.9
-1.1
24.7

91.1
41.3
49.8
23.1
26.7
-3.2
28.0

83.2
33.9
49.3
20.2
29.1
.5
22.8

78.4
32.3
46.1
21.1
24.9
-.1
23.5

79.1
32.6
46.4
21.7
24.8
-.7
24.3

79.5
32.5
47.0
22.0
25.0
-.4
25.1

84.4
34.5
49.9
21.1
28.8
-3.3
25.9

87.9
39.9
47.9
22.2
25.7
-5.3
26.7

90.7
41.1
49.7
22.9
26.7
-2.6
27.5

91.5
41.4
50.0
23.6
26.5
-.9
28.4

94.5
42.9
51.6
23.8
27.8
-4.2
29.3

95.5
43.4
52.2
23.8
28.4
-6.1
29.8

95.4 P92.4
43.6 P42.4
51.8 P50.0
24.3
24.9
27.5 P25. 1
-6.2 ' -3.7
30.3
30.9

587.2
75.4
511.9
479.3
32.5

629.4
82.9
546.5
506.2
40.4

687.9
97.9
590.0
551.6
38.4

605.0
79.4
525.6
487.8
37.7

615.2
80.8
534.4
494.5
40.0

622.2
80.6
541.6
503.9
37.7

634.5
84.1
550.3
509.7
40.7

645.9
86.1
559.8
516.6
43.1

664.3
89.3
575.0
535.1
39.9

680.1
92.7
587.4
545.1
42.3

696.1
102.6
593.4
560.2
33.2

711.2
107.0
604.3
566.2
38.0

724.4
114.2
610.2
577.7
32.5

740.5 r 756. 5
118.5 r 117. 5
622.0 '639.0
588.8 r 596. 0
33.3 '43.1

Compensation of employees, total
^^ages and salaries total
Private
Military
Government civilian
Supplements to wages and salaries
Proprietors' income total 9
Business and professional 9
Farm
Rental income of persons

do
do
do
_ - do

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
oil $
All other industries
do
Corporate profits before tax total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest . _
__

do
do
do
do
do
do _
do

765.7 P 780. 5

DISPOSITION OF PERSONAL INCOMEf
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
Manufacturing
Durable goods industries! _ _ _
Nondurable goods industries^

bil $
do
do_
do

60.63
26.99
13.99
13.00

61.66
26.69
13.70
13.00

64.08
26.44
13.51
12.93

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

17.05
7.30
3.82
3.48

14.25
5.79
2.96
2.82

15.86
6.50
3.22
3.28

16.02
6.63
3.37
3.25

17.95
7.52
3.95
3.57

15.21
6.21
3.26
2.95

17.73
7.35
3.83
3.52

1 18. 16
7.56
3.91
3.64

Mining
Railroad _
Transportation, other than rail
Public utilities
Communication
Commercial and other

do
do
do
do
do
do

1.47
1.9S
3.44
8.41
5.62
12.74

1.42
1.53
3.88
9.88
5.91
12.34

1.42
1.34
4.31
11.54
6.36
12.67

.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

.39
.36
1.07
2.92
1.62
3.39

.36
.37
.98
2.33
1.48
2.93

.36
.36
1.04
2.97
1.51
3.11

.34
.30
1.12
2.96
1.50
3.18

.35
.30
1.18
3.28
1.86
3.46

.36
.32
1.06
2.66
1.68
2.91

.41
.35
1.14
3.38
1.86
3.23

.41
.40
1.12
3.35

.38
.40
1.20
3.34

35.31

35.88

Seas. adj. qtrly. totals at annual rates:
All industries _
Manufacturing
Durable goods industries^.-Nondurable goods industries!

do
do
do
do

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
26.15
13.50
12.65

62.70
26.00
13.50
12.55

64.75
26.35
13.65
12.70

62.60
25.80
12.80
13.00

63.20
26.65
13.65
13.05

65.90
26.85
13.90
12.95

68.90
28.20
15.00
13.20

70.20
29.30
15.35
13.95

i 72. 25
30.45
15.80
14.60

Mining
Railroad
Transportation, other than rail
Public utilities
Communication
Commercial and other

do
do
do
do
do
do

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

1.45
1.40
4.10
9.80
6.05
11.95

1.50
1.40
4.45
10.65
6.05
12.65

1.55
1.65
4.35
11.60
6.35
12.85

1.40
1.40
3.65
11.65
5.90
12.80

1.35
1.20
4.60
10.90
6.15
12.35

1.35
1.15
4.80
12.00
6.95
12.75

1.55
1.35
4.80
13.05
7.25
12.75

1.65
1.35
4.00
13.20
7.40
13.30 3

11, 196
7,564
210
1,640
1,782

11,461
7,688
333
1,612
1,828

11, 484
7,723
335
1,580
1,846

11, 577
7,669
239
1,801
1,868

11, 667
7,601
332
1,879
1,855

11,934
7,941
305
1,771
1,917

12, 668
8,395
353
1,973
1,947

13, 344
8,879
406
2,040
2,019

12, 653
8,383
364
1,917
1,989

11,913
7,469
418
2,120
1,906

-38, 082 -41,012 -48,077 -9, 973 -10,100
Imports of goods and services
do
-25,463 -26,821 -32,972 -6,676 -6, 660
Merchandise, adjusted, excl. military
do
-987 -1,085
-3,764 -4, 378 -4, 530
Military expenditures
do
-591
-584
-2, 142 -2, 362 -2,932
Income on foreign investments in the U.S__do
-6, 713 -7,451 -7,643 -1,719 -1, 771
Other services
do
Unilateral transfers, net (excl. military grants);
-640
-691
-2, 833 -2, 998 -2, 865
transfers to foreigners ( — )
mil $
r
Revised.
* Preliminary.
1
Estimates for July-Sept. 1969 based on anticipat 3d capital expenditiires of biisiness.
2
Estimates for Oct.-Dec. 1969 based on anticipated capital e>cpenditunjs of busi ness. Ant icipated expenditures for the year 1969 are as follows (i nbil. $): All indus tries, 70.**5; manu facturing, total, 29.68; durable goods industries, 15.43; nondurable ?oods indiistries, 1^L25; mini ng,
1.56; railroad, 1.47; transportation, 4.52; public util ities, 12.7 4; commimication , 7.55; cc>m3
mercial and other, 13.33.
Includes communicati< Dn.
fSee corresponding note on p. S-l.
9 Includes iDventory valuation adjustm ent.

-10,033
-6, 465
-1,075
-591
— 1 902

-10,173
-6,542
-1, 106
-580
-1.945

-10,706
-7,154
-1,112
-607
-1.833

-11,463
-7,817
-1,102
-671
-1.873

-11,827
-8, 131
-1,116
-742
-1.838

-12,435
-8, 566
-1, 143
-770
-1.956

-12,352
-8,458
-1,169
-749
-1.976

1.60
1.70
4.65
12.70

2

2

19. 76
8.57
4.43
4.14

72. 10
30.55
15.50
15.05

1.45
1.50
4.85
12.20

21. 20 3 21. 55

U.S. BALANCE OF INTERNATIONAL
PAYMENTSc?
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil. $__
Merchandise, adjusted, excl. military
do
Transfers under military sales contracts
do
Income on U.S. investments abroad
do
Other services ._
.
do




43,361
29,389
829
6,252
6,891

46, 189
30,681
1,239
6,872
7,397

50, 599
33, 598
1,428
7,701
7,872

pl4, 184
v 9, 588 p 9,567
P331
P 2, 135
p 2, 130

-11,550 p-13,901
-7,572 r-9, 590 p-9,231
-1,204 p-1,217
-892 P- 1,078
-1.882 v— 2. Oil

-823
-836
-648
-635
-690
-766
-774
-601 p-765
©Personal outlays comprise personal consumption expenditures, intere st paid by consumers, and personal transfer payments to foreigners .
§Personal saving is excess of disposable income over personal outlays.
1[Data for individual durable and nondurable goods industries compone its appear in the
Mar., June, Sept., and Dec. issues of the SURVEY.
cf More complete details are given in the quarterly reviews in the Mar., Jun e, Sept., and Dec.
issues of the SURVEY. Revised data back to 1960 appear on p. 29 if. of the .Fune 1969 issue.

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