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SURVEY OF CURRENT BUSINESS 10 November 1970 NATIONAL INCOME AND PRODUCT TABLES 1970 1969 1968 1969 II III II IV 1969 III 1968 1969 II Seasonally adjusted at annual rates III 1970 IV II 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) Gross national product Personal consumption expenditures. _ Durable goods. . Nondurable goods Services _. _.. - - 865.0 931.4 923.7 942.6 951.7 959.5 971.1 985.5 707.2 727 1 726 1 730 9 729 2 723 8 724 9 727 4 535.8 577.5 573.3 582.1 592.6 603.1 614.4 622.1 452.3 467.7 467.1 468.7 471.7 474 o 478 1 479 6 84.0 230.2 221.6 90.0 245.8 241.6 90.6 244.0 238.7 89.5 248.1 244.5 90.8 252.0 249.8 89.1 258.8 255.2 91.9 262.6 259.9 91.2 265.8 265.1 81.4 196.5 174.4 84.9 201.2 181.6 85.7 200 9 180.5 84.1 201 9 182.7 84.9 202 4 184.4 82.7 205 6 185 8 84 9 206 6 186 6 83 6 208 2 187 8 126.5 139.8 139.3 143.8 140.2 133.2 134.3 138.3 105.7 111.3 111.5 114.1 110.0 102.9 103.1 104.1 118.9 131.4 131.4 132.4 133.0 131.6 131.2 132.7 98.8 104.1 104.8 104.2 103.9 101 5 100 1 99 6 Nonresidential.. . Structures Producers' durable equipment- 88.7 29.6 59.1 99.3 33.8 65.5 97.5 32.3 65.2 101.5 35.2 66.3 102.6 35.1 67.5 102.6 35.7 66.9 102.8 35.3 67.5 103.6 35.0 68.6 75.5 22.7 52.7 80.8 24.0 56.9 80.2 23.1 57.0 81.9 24.6 57.3 82.1 24.3 57.8 80.9 24 4 56.5 80.2 23 5 56.7 79.6 22 6 56.9 Residential structures. Nonfarm Farm 30.3 29.7 .5 32.0 31.5 .6 33.9 33.3 .6 31.0 30.4 .6 30.4 29.8 .6 29.1 28.4 .6 28.4 27.8 .6 29.2 28.6 .6 23.3 22.9 .4 23.3 22.8 .4 24.7 24.2 .4 22.3 21.8 .4 21.8 21.4 .4 20.7 20.2 4 20.0 19.5 4 20.0 19.6 4 7.6 7.5 .1 8.5 8.0 .4 7.9 7.6 .3 11.3 10.8 .5 7.2 6.5 .7 1.6 .9 .7 3.1 2.6 .5 5.5 5.0 .5 6.9 6.8 .1 7.2 6.8 .4 6.6 6.3 .3 9.9 9.3 .6 6.1 5.4 .8 1.3 .8 6 2.9 2.5 .4 4.6 4.1 .4 Gross private domestic investment Fixed investment -- . . 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 2.5 1.9 1.3 2.6 2.6 3.5 4.1 4.2 .9 .2 -.3 .8 .9 1.9 2.4 3.1 50.6 48.1 55.5 53.6 57.2 55.9 58.3 55.6 58.8 56.2 61.1 57.6 62.8 58.7 62.8 58.6 45.7 44.8 48.5 48.2 50.7 51.1 50.8 50.0 50.0 49.1 52.0 50.1 52.9 50.5 52.0 48.9 141.3 140.6 200.2 212.2 209.9 214.1 216.3 219.6 218.4 221.0 148.3 99.5 78.0 21.5 100.7 101.3 78.8 22.6 110.8 99.8 77.9 21.9 110.1 102.5 79.8 22.7 111.6 102.1 78.8 23.3 114.2 102.3 79.3 23.0 117.4 99.7 76.8 22.9 118.7 98.6 75.8 22.9 122 A 78.7 75.7 75.8 75.2 73.8 71.1 67.8 66.2 69.6 72.1 72.1 72.1 72.9 73.8 73.5 74.4 147.8 147.9 147.3 146.6 145.0 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 Goods output Final sales _ _ Change in business inventories . . _. Durable goods.. Final sales Change in business inventories Nondurable Final sales Change in business inventories .. Services Structures 865.0 857.4 7.6 931.4 922.9 8.5 923.7 915.9 7.9 942.6 931.2 11.3 951.7 944.5 7.2 959.5 957.9 1.6 971.1 968.1 3.1 985.5 980.0 5.5 707.2 700.3 6.9 727.1 719.9 7.2 726.1 719.4 6.6 730.9 720.9 9.9 729.2 723.0 6.1 723.8 722.4 1.3 724.9 721.9 2.9 727.^ 722 J 4.i 430.6 422.9 7.6 460.0 451.6 8.5 456.7 448.8 7.9 466.2 454.9 11.3 468.9 461.7 7.2 467.1 465.5 1.6 474.9 479.8 471.8 474.2 3.1 5.5 380.7 373.8 6.9 392.2 385.0 7.2 391.1 384.5 6.6 395.7 385.8 9.9 393.5 387.4 6.1 387.3 386.0 1.3 391.1 388.2 2.9 392. 387., 4.' 176.1 170.4 5.7 190.2 183.9 6.4 189.4 182.7 6.7 192.7 184.8 7.9 192.7 187.4 5.3 185.3 185.5 -.3 186.6 188.5 -1.9 193.5 188.3 5.2 162.1 157.1 5.1 170.1 164.7 5.3 170.0 164.5 5.5 171.6 164.9 6.7 170.3 165.9 4.4 162.3 162.6 -.3 162.9 164.4 -1.5 167. 162.' 254.5 252.5 2.0 269.8 267.7 2.1 267.3 266.1 1.2 273.5 270.1 3.5 276.2 274.3 1.9 281.8 280.0 1.9 288.3 283.3 5.0 286.3 286.0 .3 218.6 216.7 1.8 222.1 220.3 1.8 221.1 220.0 1.1 224.1 220.9 3.2 223.3 221.5 1.8 225.1 223.4 1.6 228.3 223.8 4.5 225. 224. 347.1 87.4 377.6 93.8 372.3 94.8 383.0 93.3 390.3 92.5 400.1 92.3 405.8 90.4 413.2 92.6 260.0 66.6 268.2 66.6 267.2 67.8 269.8 65.4 271.3 64.4 273.1 63.4 272.8 60.9 274. 60. 4.: Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8) 865.0 Gross national product 770.1 Private.. Business. _ Nonfarm Farm Households and institutions Rest of the world General government. _ 931.4 827.8 740.1 795.4 714.6 767.9 25.5 27.5 25.3 4.7 28.1 4.3 94.9 103.6 923.7 822.3 942.6 836.6 951.7 844.0 959.5 971.1 985.5 707.2 727.1 726.1 730.9 729.2 723.8 724.9 727. 848.5 858.4 871.7 647.6 666.4 665.6 669.8 668.1 663.1 664.2 666. 837.1 809.1 28.0 627.2 603.4 23.8 646.0 622.5 23.6 645.3 622.0 23.3 649.7 626.2 23.5 647.6 624.7 22.8 642.1 619.5 22.6 644.0 621.0 23.0 646. 623. 22. 790.3 762.7 27.6 804.2 776.6 27.6 810.8 783.0 27.8 814.3 785.5 28.8 824.5 796.0 28.5 27.8 4.2 28.3 4.1 29.0 4.2 29.6 4.5 30.0 3.9 30.5 4.1 15.9 4.5 16.4 4.0 16.3 3.9 16.3 3.8 16.6 4.0 16.7 4.3 16.5 3.6 16. 3. 107.7 111.0 112.8 113.9 59.7 60.7 60.5 61.0 61.1 60.7 60.7 60. 101.4 106.0 HISTORICAL STATISTICS National income and product statistics for earlier periods are available as follows: Data for 1966-69, July 1970 SURVEY OF CURRENT BUSINESS; 1964-65, July 1968 SURVEY; 1929-63, The National Income and Product Accounts of the United States (available from U.S. Department of Commerce Field Offices or from the Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402, price $1.00 per copy). CURRENT BUSINESS STATISTICS J.HE STATISTICS here update series published in the 1969 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY OF CURRENT BUSINESS. That volume (price $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, 1965 through 1968 (1958-68 for major quarterly series), annually, 1939-68; for selected series, monthly or quarterly, 1947-68 (where available). Series added or significantly revised after the 1969 BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1968 issued too late for inclusion in the 1969 volume appear in the monthly SURVEY beginning with the September 1969 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 1969 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. 1967 Unless otherwise stated in footnotes below, data through 1968 and descriptive notes are as shown in the 1969 edition of BUSINESS STATISTICS 1967 1968 1 1969 III Annual total 1969 1968 IV I II | III | IV I II 1970 III IV I | II III Seasonally adjusted quarterly totals at annual rates GENERAL BUSINESS INDICATORS—Quarterly Series NATIONAL INCOME AND PRODUCT bil, $ 793 9 865.0 931 4 800.9 815.9 834.9 858.1 875.8 891.4 907.6 923.7 942.6 951.7 959.5 971.1 ' 985. 5 Personal consumption expenditures, total do 492.1 535.8 577.5 495.5 502.5 519.7 529.1 543.8 550.8 561.8 573.3 582.1 592.6 603.1 614.4 r 622. 1 Durable goods total 9- - Automobiles and parts Furniture and household equipment do do do 73.1 30 5 31.4 84.0 37.2 34.6 90,0 40 3 36.7 73.7 31. 2 31.3 75.3 31.1 32.5 79.9 34 9 33.7 82.6 36.0 34.1 86.7 39.1 35.4 86.9 38.8 35.2 89.1 39.8 35.8 90.6 40.0 37.2 89.5 40.2 36.7 90.8 41.1 36.9 89.1 37.7 38.3 91.9 39.4 38.9 '91.2 >-39.2 '38.1 do - - do 215.0 42.3 108 5 17.6 230.2 46.1 115 1 19.0 245.8 49.9 121 7 21.1 215.5 42.7 108 4 17.7 217.1 42.5 109.5 18.1 225.6 44.8 112.7 18.8 227.6 45.2 114.7 18.6 232.6 47.1 116. 1 19.2 234.8 47.2 117.0 19.3 239.2 47.9 119.1 20.3 244.0 50.0 120.8 20.8 248.1 50.7 122.4 21.5 252.0 50.9 124.6 21.7 258.8 51.3 128.8 22.4 262. 6 51.8 131.2 22.7 244.5 34.5 84.7 16.8 249.8 34.8 87.0 17.1 255.2 35.2 89.0 17.7 259.9 35.9 90.8 17.9 Gross national product total f Nondurable goods, total? Clothing and shoes -- - Gasoline and oil do Services total 9 Household operation Housing -Transportation __do - -- -do do -do 204.0 29.1 71.8 14.5 221.6 31.2 77.4 15.6 241.6 33.9 84.0 16.7 206.3 29.2 72.3 14.6 210.1 30.1 73.7 14.6 214.2 30.4 75.2 15.2 218.9 30.8 76.6 15.3 224.5 31.5 77.9 15.6 229.0 32.1 79.8 16.1 233.5 32.7 81.4 16.2 238.7 33.3 83.0 16.5 r 265. 8 52.3 r 132. 3 23.0 ' 265. 1 '36.9 92.6 18.2 do 116.6 126.5 139.8 118.6 123.0 119.8 127.3 126.5 132.6 136.0 139.3 143.8 140.2 133.2 134.3 r 138. 3 do do do -do do do - -do do 108.4 83.3 28.0 55.3 25.1 24.5 8.2 7.5 118.9 88.7 29.6 59.1 30.3 29.7 7.6 7.5 131.4 99.3 33.8 65.5 32.0 31.5 8.5 8.0 109.9 83.3 27.9 55.4 26.6 26.0 8.7 7.8 113.0 84.1 28.0 56.2 28.8 28.3 10.0 8.5 117.2 88.3 29.8 58.5 28.8 28.3 2.6 2.5 117.0 86.4 28.9 57.5 30.6 30.1 10.4 10.3 118.3 88.3 29.4 59.0 29.9 29.4 8.2 8.1 123.3 91.6 30.3 61.3 31.7 31.1 9.3 9.3 128.7 95.7 32.6 63.1 33.0 32.4 7.4 7.3 131.4 97.5 32.3 65.2 33.9 33.3 7.9 7.6 132.4 101.5 35.2 66.3 31.0 30.4 11.3 10.8 133.0 102.6 35.1 67.5 30.4 29.8 7.2 6.5 131.6 102.6 35.7 66.9 29.1 28.4 1.6 .9 131.2 102.8 35.3 67.5 28.4 27.8 3.1 2.6 ' 132. 7 '103.6 '35.0 '68.6 '29.2 '28.6 '5.5 '5.0 5.2 46.2 41.0 2.5 50.6 48.1 1.9 55.5 53.6 5.6 46.3 40.7 4.0 46.8 42.8 1.8 47.7 45.9 3.4 50.7 47.3 3.4 53.2 49.8 1.4 50.9 49.5 1.3 47.8 46.5 1.3 57.2 55.9 2.6 58.3 55.6 2.6 58.8 56.2 3.5 61.1 57.6 4.1 62.8 58.7 '4.2 '62.8 '58.6 Govt. purchases of goods and services, total-.do Federal _ do National defense -do State and local - _-, do 180.1 90.7 72.4 89.4 200.2 99.5 78.0 100.7 212.2 101.3 78.8 110.8 181.3 91.4 73.0 89.9 186.5 93.6 74.7 92.9 193.6 96.4 76.3 97.2 198.3 98.9 77.8 99.4 202.1 100.7 78.6 101.4 206.7 101.9 79.2 104.7 208.5 100.9 78.6 107.5 209.9 99.8 77.9 110.1 214.1 102.5 79.8 111.6 216.3 102.1 78.8 114.2 219.6 102.3 79.3 117.4 218.4 99.7 76.8 118.7 ' 221. 0 '98.6 ' 75. 8 122.4 By major type of product: f Final sales, total Goods total Durable goods Nondurable goods Services Structures 785.7 390.7 156.5 234.2 316.5 78.6 857.4 422.9 170.4 252.5 347.1 87.4 922.9 451.6 183.9 267.7 377.6 93.8 792.2 393.1 157.6 235.5 319.7 79.4 805.9 395.0 158.5 236. 5 328.4 82.5 832.3 411.6 165.2 246.4 334.7 86.0 847.8 417.8 168.0 249.8 343.1 86.8 867.6 429.0 173.1 255.9 352.2 86.3 882.1 433.3 175.3 258.0 358.4 90.5 900.2 440.9 180.5 260.4 364.8 94.5 915.9 448.8 182.7 266.1 372. 3 94.8 931.2 454.9 184.8 270.1 383.0 93.3 944.5 461.7 187.4 274.3 390.3 92.5 957.9 465.5 185.5 280.0 400.1 92.3 968.1 471.8 188.5 283.3 405.8 90.4 ' 980. 0 474.2 188.3 286.0 413.2 92.6 8.2 4.7 3.5 7.6 5.7 2.0 8.5 6.4 2.1 8.7 5.6 3.1 10.0 6.1 3.9 2.6 2.5 .1 10.4 7.1 3.2 8.2 5.8 2.4 9.3 7.2 2.1 7.4 5.6 1.8 7.9 6.7 1.2 11.3 7.9 3.5 7.2 5.3 1.9 1.6 -.3 1.9 3.1 -1.9 5.0 '5.5 5.2 .3 Gross private domestic investment, total Fixed investment Nonresident ial 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 - -- -- -_do do _ do_ __ Change in business inventories Durable goods Nondurable goods - - - do do do _ GNP in constant (1958) dollars bil. $._ 675.2 707.2 727.1 678.9 683.6 693.5 705.4 712.6 717.5 722.1 726.1 730.9 729.2 723.8 724.9 ' 727. 4 do __. 430.1 452.3 467.7 431.6 434.3 445.0 448.4 457.7 458.1 463.3 467.1 468.7 471.7 474.0 478.1 ' 479. 6 __ - do do _ _ _ - do 72.9 190.2 167.0 81.4 196.5 174.4 84.9 201.2 181.6 73.3 190.0 168.3 74.0 190.3 169.9 78.1 195.5 171.3 80.2 194.9 173.2 83.9 197.9 175.9 83.2 197.6 177.4 84.9 199.7 178.7 85.7 200.9 180.5 84.1 201.9 182.7 84.9 202.4 184.4 82.7 205.6 185.8 84.9 206.6 186.6 '83.6 208.2 ' 187. 8 Gross private domestic investment, total do — 101.2 105.7 111.3 102.4 105.1 101.3 107.1 105.1 109.5 109.7 111.5 114.1 110.0 102.9 103.1 ' 104. 1 93.5 73.2 20.4 7.7 98.8 75.5 23.3 6.9 104.1 80.8 23.3 7.2 94.2 72.9 21.3 8.3 95.9 72.9 23.0 9.2 98.9 76.1 22.9 2.4 97.6 73.8 23.8 9.5 97.7 74.9 22.8 7.4 101.0 77.1 23.9 8.5 103.6 79.3 24.3 6.1 104.8 80.2 24.7 6.6 104.2 81.9 22.3 9.9 103.9 82.1 21.8 6.1 101.5 80.9 20.7 1.3 100.1 80.2 20.0 2.9 '99.6 79.6 '20.0 '4.6 3.6 .9 .2 4.2 2.1 .8 1.5 1.5 — 2 -.3 .8 .9 1.9 2.4 '3.1 Gross national product, total t _ Personal consumption expenditures, total Durable goods Nondurable goods Services _ _ Fixed investment _.. __ Nonresidential Residential structures Change in business inventories Net exports of goods and services _ _ _ do do do do do.__ 142.2 140.2 148.3 147.8 140.7 Govt. purchases of goods and services, total. -do... 75.5 78.7 75.4 74.7 75.7 Federal do 72.1 65.3 69.6 66.7 65.5 State and local do r Revised. v Preliminary. fRevised series. Estimates of national income and product and personal income have been revised back to 1967 (see p. 17 ff. of the July 1970 A 141.3 ' 140. 6 145.0 146.6 147.3 146.4 150.0 149.5 147.9 148.3 148. 5 '66.2 67.8 73.8 71.1 79.4 75.2 78.0 79.1 78.9 75.8 77.5 '74.4 73.5 73.8 72.9 72.1 69.4 69.4 70.6 72.1 71.5 68.9 SURVEY); revisions prior to May 1969 for personal income appear on p. 26 ff. of the July 1970 SURVEY. 9 Includes data not shown separately. s-1 407-579 O - 70 - 3 SUEVEY OF CURRENT BUSINESS S-2 Unless otherwise stated in footnotes below, data through 1968 and descriptive notes are as shown in the 1969 edition of BUSINESS STATISTICS 1967 1968 1969 1968 1967 IV Annual total November 1970 I II 1969 III IV I II 1970 IV III 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 t bil. $ 653.6 712.7 769.5 671.6 687.2 706.1 722.2 735.2 749.3 764.0 779.5 785.2 791.5 797.4 P807.2 Compensation of employees total do 467.2 514.1 564.2 481.8 495.3 507.6 520.9 532.5 544.9 557.5 572.2 582.1 592.2 596.4 603.8 Wages 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 do do do do do 423.1 337.3 16.2 69.5 44.2 62.1 47.3 14.8 21.1 464.8 369.1 17.9 77.8 49.3 64.1 49.1 15.0 21.3 509.0 404.9 19.0 85.1 55.1 66.8 50.5 16.4 22.0 436.2 346.5 17.0 72.7 45.6 62.9 47.7 15.2 21.3 447.9 356.0 17.3 74.7 47.4 62.9 48.5 14.4 21.3 458.9 364.7 17.6 76.6 48.7 63.8 49.2 14.6 21.3 471.0 373.4 18.6 79.0 49.9 64.4 49.2 15.3 21.3 481.4 382.5 18.2 80.7 51.1 65.2 49.4 15.8 21.3 491.6 391.5 18.1 81.9 53.3 66.0 49.9 16.2 21.6 502.9 401.2 18.4 83.4 54.6 66.7 50.5 16.2 22.0 516.4 409.9 19.9 86.6 55.8 67.5 50.9 16.6 22.1 525.3 417.2 19.6 88.5 56.8 67.2 50.6 16.6 22.3 534.4 422.6 a20. 1 a91. 7 57.9 67.6 50.6 17.0 22.5 537.4 424.0 19.5 93.9 59.0 67.8 51.2 16.5 22.6 543.4 428.9 '19.1 95.4 60.4 67.8 51.7 16.1 22.7 78.7 85.4 85.8 80.0 81.3 86.0 87.4 87.1 87.1 87.4 86.8 82.0 76.7 77.5 p 79.0 10.0 68.7 38.7 18.0 20.7 11.0 74.4 42,4 19.1 23.3 12.0 73.8 41.8 19.3 22.4 10.2 69.8 38.7 18.1 20.6 10.6 70.6 40.1 18.6 21.5 10.8 75.2 42.8 18.9 23.9 11.5 75.9 42.9 19.4 23.6 11.2 75.9 43.7 19.2 24.4 11.5 75.5 43.4 19.4 24.0 11.9 75.4 42.9 19.9 23.0 12.2 74.6 41.8 19.1 22.7 12.2 69.8 39.1 19.0 20.0 12.0 64.7 35.2 18.3 16.9 12.3 65.2 35.5 18.2 17.2 J>12.8 "66.3 10.8 19.1 11.0 21.0 10.7 21.4 10.7 20.3 11.1 19.5 11.0 21.3 11.2 21.8 10.7 21.5 11.0 21.2 10.8 21.8 10.6 22.2 10.3 20.4 9.1 20.4 8.6 21.1 79.8 33.2 46.6 21.4 25.3 -1.1 24.4 88.7 40.6 48.2 23.3 24.9 -3.3 27.8 91.2 42.7 48.5 24.7 23.9 -5.4 30.7 83.3 34.5 48.9 21.0 27.8 -3.3 25.6 86.7 39.8 46.9 22.3 24.7 -5.4 26.4 88.6 40.4 48.3 23.1 25.2 -2.6 27.3 88.4 40.4 48.0 23.8 24.2 28.2 91.3 41.7 49.6 24.1 25.5 -4.2 29.1 93.0 43.5 49.5 24.1 25.5 -5.9 29.7 93.4 43.8 49.7 24.4 25.2 -6.0 30.4 89.9 42.1 47.9 25.0 22.9 -3.2 31.0 88.5 41.4 47. 1 25.2 21.9 -6.5 31.7 82.6 38.0 44.6 25.2 19.4 -5.8 32.4 82.0 P85.0 38.1 P39.6 43.9 P45.4 25.1 25.4 18.8 P20.0 -4.5 ' -5.9 33.1 33.8 629.3 83.0 546.3 506.0 40.4 688.7 97.5 591.2 550.8 40.4 748.9 117.3 631.6 593.9 37.6 646.3 86.3 559.9 516.6 43.3 664.0 89.1 574.9 534.1 40.8 680.9 92.6 588.4 543.8 44.6 697.6 102.1 595.6 559.1 36.5 712.5 106. 5 606.0 566.4 39.6 725.8 113.8 612.0 577.7 34.3 741.1 118.1 623.0 589.7 33.3 758.1 117.5 640.6 598.7 42.0 770.5 119.9 650.6 609.6 41.1 782.3 117.0 665.3 620.5 44.8 801.3 r 807. 2 117.7 r 114. f 683.6 693.0 632.1 r 640. 2 51.5 '52.7 65.47 28.51 14.06 14.45 67.76 28.37 14.12 14.25 75.56 31.68 15.96 15.72 18.12 7.77 3.96 3.81 15.10 6.15 3.06 3.09 16.85 6.99 3.36 3.63 16.79 7.13 3.54 3.59 19.03 8.10 4.16 3.94 16.04 6.58 3.36 3.22 18.81 7.82 3.98 3.84 19.25 8.16 4.03 4.12 21.46 9.12 4.59 4.53 17.47 7.14 3.59 3.56 20.33 8.15 4.08 4.07 i 20. 06 7.76 3.78 3.98 i 22. 66 8.99 4.44 4.55 36.96 1.65 1.86 2.29 1.48 8.74 6.75 2.00 6.34 14.59 39.40 1.63 1.45 2.56 1.59 10.20 7.66 2.54 6.83 15.14 43.88 1.86 1.86 2.51 1.68 11.61 8.94 2.67 8.30 16.05 10.35 .47 .50 .64 .38 2.59 2.08 .51 1.73 4.04 8.95 .42 .39 .68 .30 2.07 1.69 .38 1.59 3.50 9.86 .43 .37 .58 .42 2.62 1.94 .68 1.62 3.81 9.66 .39 .31 .64 .41 2.61 1.87 .74 1.61 3.69 10.93 .40 .38 .66 .47 2.90 2.16 .74 2.00 4.13 9.45 .42 .38 .68 .38 2.36 1.88 .48 1.81 3.41 10.99 .48 .44 .66 .46 2.99 2.22 .77 2.00 3.97 11.10 .47 .49 .53 .40 3.03 2.23 .80 2.11 4.07 12.34 .49 .55 .64 .44 3.23 2.61 .62 2.39 4.60 10.32 .45 .42 .73 .28 2.54 2.15 .39 2.14 3.76 f2. 18 .47 .47 .80 .31 3.28 2.59 .69 2.59 4.26 12.30 .44 .46 .80 .31 3.70 2.91 .79 13.67 .49 .52 .71 .35 4.00 3.32 .68 26.58 27.60 do do do do 65.66 27.51 13.71 13.80 68.09 28.02 14.11 13.91 66.29 27.84 13.51 14.33 67.77 28.86 14.47 14.40 69.05 28.70 14.39 14.31 72.52 29.99 15.47 14.52 73.94 31.16 15.98 15.18 77.84 33.05 16.53 16.52 77.84 32.39 15.88 16.50 78.22 32.44 16.40 16.05 80.22 i 81. 05 i 82. 24 32.43 31.21 32.15 15.53 16.32 15.38 16.62 15.84 16.11 do do do do x do do do do do do 38.15 1.78 1.82 2.79 1.41 9.46 7.47 1.99 6.37 14.54 40.07 1.80 1.68 2.88 1.43 10.08 7.76 2.32 6.83 15.37 38.45 1.66 1.49 1.98 1.49 10.24 7.64 2.60 6.42 15.17 38.91 1.57 1.29 2.69 1.65 9.82 7.50 2.32 6.67 15.22 40.35 1.52 1.34 2.87 1.75 10.63 7.74 2.89 7.34 14.91 42.53 1.83 1.68 2.89 1.87 11.52 8.62 2.90 7.74 15.00 42.78 1.88 1.76 2 22 L66 11.68 8.71 2.97 7.92 15.67 44.80 1.89 2.06 2.23 1.65 11.48 8.98 2.50 8.71 16.78 45.46 1.85 1.94 2.80 1.63 11.80 9.36 2.44 8.76 16.67 45.78 1.92 1.74 2.94 1.37 12.14 9.77 2.37 9.14 16.52 50.09 49.84 47.79 1.89 1.78 1.84 1.93 1.87 1.88 2.89 3.48 2.88 1.30 1.26 1.12 14.62 14.34 12.72 11.92 11.82 10.15 2.52 2.70 2.57 10.38 16.98 2 27. 05 2 27. 53 11, 694 7,601 341 1,888 1,864 11,932 7,946 302 1,765 1,919 12, 685 8,386 344 1,990 1,965 13, 295 8,878 393 2,000 2,024 12,714 8,378 357 1,935 2,044 11, 948 7,472 391 2,089 1,996 14,291 9,585 313 2,150 2,243 14, 565 9,581 458 2,286 2,240 Imports of goods and services do -40.991 -48, 127 -53,566 -10, 703 -11,477 Merchandise, adjusted, excl. military do -26, 821 -32, 964 -35,835 -7,154 -7,820 Military expenditures _ do -4,378 -4, 535 -4,850 -1,112 -1, 103 Income on foreign investments in the U.S_.do -2, 362 -2, 932 -4,463 -677 -607 Other services do -7,430 -7,696 -8, 418 -1,830 -1,877 Unilateral transfers, net (excl. military grants); transfers to foreigners (— ) mil $ -629 -2, 970 -2, 829 -2,835 -643 T Revised. v Preliminary. 1 Estimates (correeited for s ystematic biases) for Jul}7Sept. 1970 and Oct.-Dec. 1970 based on expected capi tal expemlitures of business Expecte d expenditures for the year 1970 appear on p. 18 of the Sept. 1970 SURVEY.1 2Inc udes conrimunication. tSee corresponding note on p. S- 1. 9 In eludes in yentory valuatic ii adjustment. {Revised series; explanation of revi sions and annual a nd quai terly da ta back to 1947 appear on pp. 25 ff. of the Jan. 1970 SURV EY; see also pp. 19 ff . of the Feb. 19 70 SURVEY. ePersonal outlays comprise personal co nsumptio n expendi ;ures, in ierest pa id -11,832 -8, 132 -1,112 -732 -1,856 -12, 444 -8, 569 -1,147 -761 -1,967 -12, 374 -8, 443 — 1, 173 -762 -1,996 -11,618 -7, 576 -1,198 -905 -1,939 -13, 978 -9.606 -1,187 -1,071 -2, 114 -13, 909 -9,263 -1,220 -1,240 -2, 186 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 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 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 bil. $ Manufacturing. do Durable goods industries 1 . do Nondurable goods industries I... . 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:J All industries. Manufacturing . Durable goods industries f Nondurable goods industries f 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 U.S. BALANCE OF INTERNATIONAL PAYMENTScf 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 46, 204 30, 681 1,239 6,872 7,412 50, 626 33, 588 1,396 7,690 7,952 55, 516 36, 473 1,514 8,839 8,690 Q 14,712 15,355 p 15, 890 9,835 ' 10,228 r 10,700 plO, 680 P432 352 258 2,314 2,499 P2, 280 2,211 2, 357 p2, 464 -14,061 -9,390 -1,245 -1,247 -2, 179 -14,504 -9,723 -1,178 -1,348 -2,255 p-14, 771 '-9,874 p-9,900 p- 1,247 p- 1,328 p-2, 329 p-754 -757 -612 -812 -690 -721 -739 -675 -768 by co nsumers and per sonal tra nsfer pa:/nients t o foreign Brs. § Personal saving is excess of dis posable i ncome o ver perse nal outl ays. HD ata for ii idividua] durable and non durable ?oods ine lustries c omponerits appear in the Mar., June, S 3pt., and Dec. iss ues of th e SURVE Y. d"!tfore coniplete de tails are given in the q uarterly reviews i n the MEir., June Sept., a rid Dec. i ssues of the SUR\ EY. «Ir eludes t 16 retroa stive pajT increasei for Fed eral persemnel.