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SURVEY OF CURRENT BUSINESS 12 December 1974 NATIONAL INCOME AND PRODUCT TABLES 1973 1972 1973 II HI 1974 IV I II 1973 III* 1972 1973 II III Seasonally adjusted at annual rates 1974 IV I II III * 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 792 5 839 2 837 4 840 8 845 7 830 5 827 1 QOO -I 729.0 805.2 799.0 816.3 823.9 840.6 869.1 901.3 527.3 552.1 553.7 555.4 546.3 539 7 542.7 547 2 118.4 299 7 310 9 130 3 338 0 336 9 132 1 332 7 334.2 132.4 343 8 340.1 124.3 352 1 347 4 123 9 364 4 352 4 129.5 375 8 363 8 136.1 389 0 376.2 104.9 220 2 202.2 113.6 228 6 209.9 115.7 228 3 209.7 114.3 230 0 211.2 107.2 227 4 211.7 105 2 223 9 210 6 106 8 223 6 212 2 107 8 225 8 213.7 179 3 209 4 205 1 209 0 224 5 210 5 211 8 205 8 125 0 138 1 136 3 135 8 145 8 133 3 130 3 122 7 170.8 194.0 194.4 197.1 195.5 193.6 198.3 197.1 118.0 127.3 128.4 127.7 125.8 122.7 122 2 117 7 116 8 41.1 75.7 64.0 53 4 136 8 47 0 89.8 57 2 56 7 135 6 46 2 89 4 58 7 58 4 139 0 47.9 91.1 58 1 57.6 141 9 49 3 92.6 53 6 53.0 145 2 51.3 93.9 48 4 47.8 149 4 52 2 97.2 48 8 48 0 150.9 51.0 99.9 46.2 45.4 .8 .8 83 7 23.8 59.8 34.3 33.9 94.4 25.4 69.0 32.9 32.6 94.3 25.1 69.2 34.1 33.9 95.1 25.6 69.5 32.6 32.4 96.0 26.0 70.0 29.8 29.5 96 3 26.7 69.7 26.4 26.0 96 5 26 6 69.9 25 7 25.3 94.1 25.4 68.7 23.6 23.1 85 15 4 11 4 10 7 11.8 28.9 24.0 16.9 13.1 13 5 10.4 8.7 6.6 2.1 7.0 6.4 .7 10.8 7.8 6.3 1.5 8.0 6.2 1.9 20.0 17.9 10.6 8.2 6.4 1.8 5.0 3.9 1.1 1 158 0 1 294 9 1 277 9 1 308 9 1 344 0 1 358 8 1 383 8 1 416 3 Personal consumption expenditures Durable goods.. Nondurable goods Services . - Gross private domestic investment Fixed investment Nonresidential Structures. _ Producers' durable equipment— Residential structures Nonfarm.. __ . Farm _ .6 .5 .4 .5 .6 .7 .4 .3 .2 .3 .4 .4 .4 .4 Change in business inventories Nonfarm.. Farm 7,8 .7 Net exports of goods and services —6 0 39 .5 6.7 9.3 11.3 —1.5 -3.1 —3.0 4.6 3.5 5.8 7.9 11.5 8.2 7.3 72.4 78 4 100.4 96 4 95.4 94 9 103.7 96.9 113.6 104.3 131.2 119.9 138.5 140.0 143.6 146.7 55.7 58.7 66.6 62.0 65.9 62.4 66.9 61.1 68.9 61.0 73.3 61.8 73.4 65.1 70.9 63.6 265.7 276.4 273.3 276.9 286.4 296.3 304.4 312.3 143.1 144.4 143.9 143.7 145.7 146.0 145.8 145.9 104.9 74.8 30 i 150.8 106.6 74.4 32 2 169.8 106.2 74.0 32 2 167.1 105.3 73 3 32 0 171.6 108.4 75 3 33 1 177.9 111.5 75 8 35 7 184.8 114.3 76 6 37 7 190.1 117.2 78.4 38.8 195.1 61.0 57.3 57.7 56.2 56.4 56.3 56.3 56.5 82.1 87.0 86.2 87.5 89.3 89.7 89.5 89.4 Exports Imports Government purchases of goods and services Federal National defense Other State and local. . . . . 4.0 7.4 4.4 7.7 3.0 4.9 3.8 3.1 8.9 1.8 8.7 1.8 2.1 Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5) 1, 158. 0 1,294.9 1, 277. 9 1,308.9 1,344.0 1,358.8 1,383.8 1,416.3 792.5 839.2 837.4 840.8 845.7 830.5 827.1 823.1 1. 149. 5 1.279 6 1. 267. 2 1, 297. 0 1, 315. 1 1, 341. 9 1, 370. 3 1,407.6 8.7 16.9 28.9 13.5 10.7 11.8 8.6 15.4 Gross national product Final sales Change in business inventories 785.4 7.0 828.4 10.8 829.6 7.8 832.7 8.0 825.7 20.0 819.9 10.6 818.9 818.1 458.8 465.1 449.1 448.9 446.0 8.2 5.0 543 8 622.7 611.6 629.9 653.6 651.9 664.9 681.7 425.5 459.1 457.6 535 2 600 9 10.7 618.0 11.8 624.7 28.9 635.0 16.9 651.3 13.5 673.0 8.7 418.5 7.0 448.3 10.8 449.8 7.8 450.8 8.0 445.1 20.0 438.5 10.6 440.8 8.2 441.0 8.5 607 3 15.4 Durable goods Final sales Change in business inventories 221 4 214.3 250 3 240.9 252.8 243.9 9.0 255.4 240.6 14.8 251.0 242.3 246.6 248.5 —1.8 265.5 259.8 5.7 185.8 180.1 9.4 248.9 241.2 7.7 206.0 198.5 7.5 206.7 200.5 6.2 206.3 199.0 7.2 206.3 194.9 11.5 200.2 194.3 5.8 195.4 196.6 -1.2 200.2 196.6 3.6 Nondurable goods Final sales Change in business inventories 322.4 321 0 14 372.4 366 5 60 362.7 359 7 30 377.1 374.2 401.0 392.8 8.2 418.2 402.9 15.4 416.2 413.2 3.0 239.7 238.4 1.3 253.1 249.9 2.9 398.2 384.1 14.1 3.3 250.8 249.3 1.6 252.6 251.7 .8 258.7 250.2 8.5 248.9 244.2 4.7 253.6 244.2 9.4 245.8 2444 1.4 Services 488 1 534 4 528 3 540.2 553.2 569.7 579.2 597.8 291.4 304.5 303.5 306.9 307.8 310.7 308.3 310.7 Structures 126 1 137 8 138 0 138.8 137.2 137.1 139.7 136.7 75.6 75.5 76.3 75.1 72.8 70.7 69.8 66.4 Goods output . Final sales Change in business inventories - 7.1 8.7 5.7 5.0 Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8) Gross national product 1,416.3 792.5 839.2 837.4 840.8 845.7 830.5 827.1 823.1 835.7 840.7 823.5 824.1 819.8 1,151.5 1,286.5 1,269.9 1,300.6 1,335.2 1,344.0 1,374.1 1,405.2 Gross domestic product Business Nonfarm Farm 1,158.0 1,294.9 1,277.9 1,308.9 1,344.0 1,358.8 1,383.8 . Households and institutions General government Federal State and local Rest of the world Addendum: Gross private product 787.7 833.9 832.4 977.9 1 096.8 1, 082. 4 1, 109. 2 1, 138. 8 1, 143. 1 1, 168. 8 1,195.7 942 6 1 040 3 1 029 0 1 049 0 1 074.5 1 082.6 1, 117. 8 1, 144. 4 51.3 60.5 51.1 60.2 64.4 35 3 ' 56 5 53 4 709.4 683.4 26.0 753.1 725.8 27.4 751.8 724.3 27.5 754.4 728.6 25.8 759.2 731.0 28.2 740.9 713.9 27.0 741.4 712.7 28.7 736.6 708.0 28.6 48.0 17.6 18.5 18.5 18.8 18.7 19.1 18.8 18.9 64.2 21.0 43.2 37.2 41.3 40.7 42.0 43.0 44.6 46.5 136 4 50.7 85.7 148 5 52 8 95.7 146 8 52 1 94 7 149.4 52.4 97 1 153.4 54.3 99.1 156.3 54.8 101.5 158.8 55.0 103.9 161.6 55.3 106.3 60.7 21.8 38.9 62.3 21.3 41.0 62.1 21.3 40.8 62.4 21.1 41.3 62.9 21.1 41.7 63.5 21.1 42.3 63.9 21.1 42.8 6.5 8.4 8.0 8.3 8.9 14.7 9.7 11.1 4.7 5.2 5.0 5.1 5.0 7.0 3.0 3.3 1,021.6 1, 146.5 1,131.1 1,159.5 1,190.7 1,202.5 1,225.0 1,254.7 731.7 776.9 775.3 778.4 782.8 767.0 763.2 758.8 *Third quarter net exports (and related totals) revised. 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 Office 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 1974 issue has data for 1970-73. Prior July issues have fully revised data as follows: 1969-70, July 1973; 1968-69, July 1972; 1967-68, July 1971; 1966-67, July 1970; 1965-66, July 1969; 1964-65, July 1968. CURRENT BUSINESS STATISTICS ARE STATISTICS here update series published in the 1973 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY OF CURRENT BUSINESS. That volume (available from the Superintendent of Documents for $5.15) provides a description of each series, references to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1969 through 1972 (1962-72 for major quarterly series), annually, 1947-72; for selected series, monthly or quarterly, 1947-72 (where available). Series added or significantly revised after the 1973 BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1972 issued too late for inclusion in the 1973 volume appear in the monthly SURVEY beginning with the August 1973 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 1973 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. 1971 Unless otherwise stated in footnotes below, data through 1972 and descriptive notes areas shown in the 1973 edition of BUSINESS STATISTICS 1972 1971 1973 III Annual total 1972 IV I II 1974 1973 III IV I II | III IV I II III Seasonally adjusted quarterly totals at annual rates GENERAL BUSINESS INDICATORS—Quarterly Series NATIONAL INCOME AND PRODUCTf Gross national product totalf bil. $ 1,054.9 Personal consumption expenditures, total. .do 667.1 1,158.0 1,294.9 729.0 805.2 1,061.3 1,083 2 1,115.0 1 143.0 1,169.3 736.8 1,204.7 1,248.9 1,277.9 1,308.9 1,344.0 1,358.8 757.2 781.7 799.0 816.3 823.9 840.6 869.1 901.3 132.1 59.2 54.9 132.4 59.3 55.5 124.3 51.2 55.4 123.9 48.0 57.5 129.5 50.6 59.5 136.1 56.2 60.4 672.1 683.8 701.5 720.6 112.1 49.4 47.1 116.2 51.5 47.9 121.2 55.3 49.3 124.3 56.4 50.7 132.4 60.4 54.3 1,383.8 ' 1,416. 3 Durable goods tota!9 - Automobiles and parts Furniture and household equipment do.. do do 103.9 46.6 42.3 118.4 53.1 48.7 130.3 57.5 55.0 105.6 48.2 42.1 107.4 48.1 43.9 Nondurable goods total 9 Clothing and shoes Food and beverages _ Gasoline and oil do do do do 278.4 57.3 135. 9 23.5 299.7 63.0 143.7 25.0 338.0 70.2 165.1 28.3 279 5 57.6 136.9 23.6 283.4 58.5 137.6 24.3 288.4 60.0 139.3 24.6 297.4 62.5 142.4 24.5 302.0 63.7 144.7 25.1 310.9 66.0 148.5 25.8 323.3 69.1 155.9 26.8 332.7 70.1 160.9 28.0 343.8 70.6 169.1 28.7 352.1 70.9 174.5 29.8 364.4 72.8 180.1 31.5 375.8 74.4 183.5 36.8 389.0 75.7 191.3 37.9 do _ do do do __ 284.8 39.4 99.1 20.4 310.9 43.3 107.9 21.8 336.9 47.3 116.4 23.4 287.0 39.6 100.0 20.7 293.0 40.5 102.6 21.1 301.0 41.2 105.1 21.5 307.0 42.6 106.9 21.6 313.6 43.9 108.9 21.9 322.0 45.5 110.7 22.3 325.9 45.6 113.1 22.8 334.2 46.6 115.6 23.1 340.1 48.3 117.0 23.6 347.4 48.7 119.7 24.1 352.4 49.2 122.2 25.0 363.8 51.7 124.9 25.6 376.2 54.6 127.7 26.5 do 153.7 179.3 209.4 153.5 160.8 169.4 175.5 182.1 190.2 199.0 205.1 209.0 224.5 210.5 211.8 205.8 147.4 104.6 37 9 66.6 42.8 42.3 170.8 116.8 41.1 75.7 54.0 53.4 149.7 104.8 38.5 66.3 44.9 44.2 155.4 107.8 38.4 69.4 47.6 47.0 164.5 112.7 40.7 72.0 51.8 51.2 167.6 114.7 41.0 73.7 52.9 52.3 171.9 117.5 40.6 76.8 54.5 53.9 10.2 189.0 130.5 44.6 85.9 58.5 58.0 10.0 194.4 135.6 46.2 89.4 58.7 58.4 10.7 197.1 139.0 47.9 91.1 58.1 57.6 11.8 195.5 141.9 49.3 92.6 53.6 53.0 28.9 24.0 193.6 145.2 51.3 93.9 48.4 47.8 16.9 13.1 198.3 149.4 52.2 97.2 48.8 48.0 13.5 10.4 197 1 150.9 51.0 99.9 46.2 45.4 9.6 179.2 122.5 42 2 80.3 56.7 56.2 11.0 10.4 Services total 9 Household operation Housing Transportation __ _ -- . ._ . 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 - Govt. purchases of goods and services, total -do Federal do National defense do State and local do . By major type of product:! Final sales, total . . . . .do . Goods, total . .... do Durable goods do Nondurable goods . . do Services do Structures do Change in business inventories Durable goods .. . . . Nondurable goods do do do 8.5 7.8 -.2 do do .do 6.3 4.9 194.0 136.8 47.0 89.8 57.2 56.7 15.4 11.4 65.4 65.6 do do . do . ...do do do . do do -6.0 72.4 78.4 100.4 96.4 234.2 97.6 71.2 136.6 255.7 104.9 74.8 150.8 1,048.6 491.6 191.8 299.8 446.0 111.0 3.8 2.4 5.4 4.4 .1 -3.4 62.0 65.4 -7.1 69.1 76.1 -6.9 68.8 75.7 -4.8 73.3 78.1 -5.3 78.5 83.8 9.3 68.2 68.1 88.8 89.5 95.4 94.9 103.7 96.9 113.6 104.3 11.3 131.2 119.9 -1.5 138.5 140.0 •• -3.1 ' 143. 6 ' 146. 7 276.4 106.6 74 4 169.8 235.7 97.9 70 0 137.8 242.1 100.5 72.1 141.6 251.1 105. 6 75 9 145.5 253.8 105.9 75.9 147.9 255.1 102.7 72.6 152.4 262.6 105.2 74.7 157.4 269.0 106.4 75.0 162.6 273.3 106.2 74.0 167.1 276.9 105.3 73.3 171.6 286.4 108.4 75.3 177.9 296.3 111.5 75.8 184.8 304.4 114.3 76.6 190.1 312.3 117.2 78.4 195. 1 1,149.5 1,279.6 535. 2 607.3 214.3 240.9 321.0 366.5 488.1 534.4 126.1 137.8 1,057.5 495.7 193 3 302.4 448.5 113.3 1,077.8 501.8 197.0 304.7 459.3 116.8 1,110.0 514.3 204.6 309.7 472.1 123.6 1,135.1 1,159.1 529.4 541.0 210.6 218.3 318.9 322.7 481.5 492.4 124.1 125.6 1,193.7 556.2 223.6 332.6 506.5 130.9 1,238.9 1,267.2 1,297.0 1,315.1 624.7 618.0 585.8 600.9 240.6 243.9 241.2 237.8 384.1 374.2 347.9 359.7 553.2 540.2 516.0 528.3 137.2 138.8 137.1 138.0 1,341.9 635.0 242.3 392.8 569.7 137.1 5.4 .3 5.1 5.0 2.7 2.2 8.0 5.8 2.2 10.2 6.8 3.4 11.0 13.2 -2.2 10.0 6.1 3.9 10.7 7.7 3.0 11.8 9.0 2.9 28.9 14.8 14.1 16.9 8.7 8.2 13.5 -1.8 15.4 3.9 5.0 4.1 8.0 7.0 6.5 -.8 7.7 .5 7.4 6.7 8.7 6.6 1,370.3 '1,407.6 651.3 673.0 248.5 259.8 402.9 413.2 579.2 ' 597. 8 139.7 136.7 6.3 2.4 4.0 8.5 7.1 1.4 15.4 9.4 6.0 3.8 .7 3.1 746.3 792.5 839.2 747.2 759.1 770.9 786.6 798.1 814.2 832.8 837.4 840.8 845.7 830.5 827.1 r 823. 1 496.4 527.3 552.1 497.7 504.1 512.8 523.2 531.2 542.2 552.9 553.7 555.4 546.3 539.7 542.7 547.2 92 5 211 3 192 6 104 9 220 2 202* 2 113 6 228 6 209 9 93 8 211 4 192 5 96 3 212 6 195 2 99 8 214 4 198 6 103 0 219 8 200 4 106 8 221 3 203 0 110 1 225 4 206 6 117 2 228 7 207 1 115 7 228 3 209 7 114.3 230 0 211.2 107.2 227.4 211.7 105.2 223.9 210.6 106.8 223.6 212.2 107.8 225.8 213.7 8.7 5.7 3.0 GNP in constant (195S) dollars! Gross national product, totalf bil.$_. Personal consumption expenditures, total.. do Durable goods Nondurable goods Services . do do do . . 111.1 125.0 138.1 109.9 114.8 119.4 123.2 126.6 130.9 134.4 136.3 135.8 145.8 133.3 130.3 122.7 Fixed investment Nonresidential Residential structures Change in business inventories do do do do 105 8 76 7 29.1 5.3 118 0 83 7 34.3 7.0 127 3 94 4 32.9 10.8 106 5 76 2 30.3 3.4 110 2 78 6 31.6 4.6 115 2 81 3 33.8 4.2 116 6 82 4 34.2 6.6 118 1 83 8 34.3 8.5 122 0 87 2 34.8 8.8 127.1 92.2 35.0 7.3 128.4 94.3 34.1 7.8 127.7 95.1 32.6 8.0 125.8 96.0 29.8 20.0 122.7 96.3 26.4 10.6 122.2 96.5 25.7 8.2 117.7 94.1 23.6 5.0 Net exports of goods and services do -.5 -3.0 4.6 -.1 -2.4 -4.9 -3.6 -1.4 -1.9 1.4 3.5 5.8 7.9 11.5 8.2 '7.3 Govt. purchases of goods and services, total, do Federal do State and local do 139.3 60 9 78.4 143.1 61 0 82.1 144.4 57 3 87.0 139.7 61 3 78.4 142.6 62 4 80.2 143.8 62 9 80.9 143.8 62 5 81.3 141.8 59 5 82.4 143.0 59 2 83.8 144.1 58 9 85.2 143.9 57.7 86.2 143.7 56.2 87.5 145.7 56.4 89.3 146.0 56.3 89.7 145.8 56.3 89.5 145.9 56.5 S9.4 Gross private domestic investment, total.. .do T Revised. * Preliminary. t Re vised series. Estimates of national income and product and personal income have been revised back to 1971 (see p. 11 ff. of the July 1974 SURVEY); revisions prior to May 1973 for personal income appear on pp. 22-23 of the July 1974 SURVEY. 9 Includes data not shown separately. s-1 565-097 O - 75 - S-1 SURVEY OF CURRENT BUSINESS S-2 Unless otherwise stated in footnotes below, data through 1972 and descriptive notes are as shown in the 1973 edition of BUSINESS STATISTICS 1971 1972 1972 I 1973 I Annual total II December 1974 1973 III IV 1 II 1974 III IV I II 1975 III IV I GENERAL BUSINESS INDICATORS—Quarterly Series—Continued NATIONAL INCOME AND PRODUCT— Con. Quarterly Duta Seasonally Adjusted at Annual Rates mplicit price deflators:! Gross national product Index, 1958=100 Personal consumption expenditures do Gross private domestic investment: Fixed investment . . do . Nonresidential do Residential structures do Govt. purchases of goods and services do 167.31 ' 172. 07 160.2 164.7 154. 31 145.9 144. 62 136.8 145. 31 137.7 146. 50 138.7 147. 96 139.7 149. 95 141.4 152. 61 144.3 155. 67 147.0 158. 93 150.8 163. 61 155.8 139.3 136.3 147.4 168.1 144.8 139.6 157.4 178.6 152.4 144.9 174.0 191.5 142.8 138.5 153.2 174.6 143.8 139.3 154.6 176.5 145.6 140.2 158.9 179.9 146.9 140.5 162.8 183.6 148.7 141.7 167.1 186.7 151.4 143.9 172.1 189.9 154.3 146.1 178.1 192.6 155.4 147.9 179.7 196.5 157.8 150.7 183.8 202.9 857. 7 946.5 1,065.6 912.3 932.5 954.3 987.0 1,027.6 1,051.2 1,077.3 1,106.3 1,118.8 do Compensation of employees total 146. 12 138.2 bil $ National income totalf 141. 35 134.4 643.1 707.1 786.0 683.8 699.0 712.6 732.9 759.1 776.7 814.8 828.8 848.3 868.2 761.5 602.5 20.8 138.2 106.7 793.3 162.3 154.9 190.0 208.8 167.5 160.4 195.9 214.1 1,130.2 '1,155.5 do do do do do 573.6 449.5 19.4 104.7 69.5 626.8 491.4 20.5 114.8 80.3 691.6 545.1 20.6 126.0 94.4 606.6 475.1 20.9 110.6 77.1 619.7 486.7 20.1 113.0 79.3 631.2 495.3 19.9 116.0 81.4 649.6 508.7 21.2 119.7 83.4 667.6 525.0 20.8 121.9 91.5 683.6 538.7 20.3 124.5 93.1 698.2 550.8 20.2 127.2 95.1 717.0 565.8 21.0 130.2 97.7 727.6 573.8 21.0 132.8 101.2 744.6 588.3 20.9 135.4 103.7 do do do do 69.2 52.0 17.2 25.2 75.9 54.9 21.0 25.9 96.1 57.6 38.5 26.1 72.9 53.7 19.2 25.5 74.6 54.3 20.3 24.4 75.8 55.5 20.3 26.8 80.1 56.1 24.0 26.7 89.1 57.0 32.1 26.3 92.8 57.1 35.6 25.7 99.3 57.7 41.5 26.2 103.2 58.4 44.9 26.4 98.4 59.3 39.1 26.4 89.9 60.7 29.1 26.3 92.1 62.3 29.8 26.6 78.7 92.2 105.1 86.5 89.5 92.9 99.8 103.9 105.0 105.2 106.4 107.7 105.6 ' 105. 8 15.6 63.1 32.3 17.8 14.5 17.6 74.5 40.8 19.0 21.8 19.6 85.5 47.6 21.5 26.1 17.1 69.4 37.7 18.4 19.3 17.4 72.1 39.6 18.1 21.5 17.8 75.1 40.8 19.4 21.4 18.3 81.5 45.1 20.0 25.1 18.7 85.2 48.6 20.9 27.6 19.4 85.6 48.4 21.5 26.9 19.8 85.4 47.1 21.4 25.7 20.4 86.0 46.4 22.1 24.3 20.8 87.0 46.2 26.9 19.3 20.7 84.9 46.8 29.7 17.1 '20.7 '85.1 48.6 33.3 15.3 8.3 22.5 9.2 24.6 9.2 28.7 8.5 23.2 8.9 23.6 9.5 24.8 9.9 26.6 9.4 27.2 8.8 28.4 9.5 28.8 9.2 30.3 7.1 33.7 8.0 30.1 8.6 28.0 do __do do do do 83.6 37.5 46.1 25.0 21.1 99.2 41.5 57.7 27.3 30.3 122.7 49.8 72.9 29.6 43.3 92.3 38.9 53.4 26.4 27.1 96.0 40.3 55.7 27.1 28.6 100.2 41.8 58.4 27.8 30.6 108.2 45.2 63.1 28.2 34.9 120.4 48.9 71.5 28.7 42.8 124. 9 50.9 74.0 29.1 44.9 122.7 49.9 72.9 29.8 43.1 122. 7 49.5 73.2 30.7 42.5 135.4 52.2 83.2 31.6 51.6 139.0 55.9 83.1 32.5 50.5 ' 157. 0 '62.7 '94.3 33.2 do do -4.9 41.6 -7.0 45.6 52.3 -5.8 43.6 -6.5 44.9 -7.3 46.2 -8.4 47.5 -16.5 49.2 -20.0 51.1 -17.5 53.2 -16.3 55.5 -27.7 57.5 944.9 142.4 802.5 749.9 52.6 1,055.0 151.3 903.7 829.4 74.4 913.3 138.6 774.7 721.4 53.3 930.9 140.9 790.0 741.1 49.0 950.3 143.1 807.2 757.9 49.3 985.0 1,013.6 1,039.2 147.2 144.1 147.0 892.1 838.1 869.5 822.5 779.2 804.2 69.6 58.9 65.3 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 Corporate profits and inventory valuation ment total By broad industry groups: Financial institutions Noimnancial corporations, total adjustbil. $ do do Nondurable goods industries Durable goods industries do do Transportation, communication, and public utilities bil. $ 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 "Ll -33.4 '-51. 2 62.8 60.1 DISPOSITION OF PERSONAL INCOME f Quarterly Data Seasonally Adjusted at Annual Rates 1,068.0 1,099.3 1,112.5 1,134.6 168.2 159.9 154.2 161.9 966.5 939.4 950.6 913.9 894.9 850.1 866.2 840.7 71.5 89.3 73.2 84.4 Personal income, total Less; Personal tax and nontax payments q ^ . p a e p so a co e bil. $.. do uo Equals: Personal saving§ do 864.0 117.6 746.4 685.9 60.5 bil. $ do do do 81.21 29.99 14.15 15.84 88.44 31.35 15.64 15.72 99.74 38.01 19.25 18.76 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 28.48 11.43 5.84 5.59 24.10 9.49 4.74 4.75 28.16 11.27 5.59 5.69 Nonmanufacturing- _.. . do 61 22 57.09 61.73 12.77 14.38 14.12 15.83 13.69 15.57 15.42 17.05 14.61 16.89 Mining .. Railroad Air transportation Other transportation do do do do 2.16 1.67 1.88 1.38 2.42 1.80 2.46 1.46 2.74 1.96 2.41 1.66 .58 .48 .60 .32 .61 .48 .73 .39 .59 .38 .61 .35 .63 .47 .63 .40 .63 .46 .52 .32 .71 .46 .72 .43 .69 .48 .67 .44 .71 .56 .60 .47 .68 .50 .47 .34 .78 .64 .61 .49 do do do do do 16.30 12.86 2.44 10.77 18.05 17.00 14.48 2.52 11.89 20.07 18.71 15.94 2.76 12.85 21.40 3.63 3.19 .44 2.72 4.55 4.24 3.61 .62 2.95 4.98 4.39 3.67 .72 2.84 4.97 4.74 4.01 .73 3.39 5.57 3.95 3.45 .50 2.87 4.94 4.59 3.91 .68 3.27 6.40 4.82 4.04 .77 3.19 5.24 5.36 4.54 .82 3.53 5.83 4.38 3.85 .52 3.19 5.05 5.30 4.56 .75 3.60 5.46 do do do do 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 96.19 35.51 17.88 17.63 97.76 36.58 18.64 17.94 100. 90 38.81 19.73 19.08 103.74 40.61 20.48 20.13 107. 27 42.96 21.43 21.53 do 56.70 56.75 66.70 58.30 60.68 61.18 62.09 63.12 64.31 66.08 2.80 2.10 2.13 1.63 3.07 2.42 2.21 1.84 1,168.2 175.1 993.1 927.6 65.5 NEW PLANT AND EQUIPMENT EXPENDITURES Unadjusted quarterly or annual totals: All industries Manufacturing Durable goods industries 1 Nondurable goods industries ] Public utilities Electric Gas and other Communication Commercial and other . . Seas. adj. qtrly. totals at annual rates: All industries Manufacturing Durable goods industries t- Nondurable goods industries t - - Nonmanufacturing. Mining Railroad Air transportation Other transportation . do do do do 2.42 2.10 1.96 1.48 2.38 1.88 2.89 1.53 Public utilities do 16.60 16.92 Electric . do 14.32 14.27 Gas and other do 2.27 2.65 Communication . do 11.59 11.71 19.88 Commercial and other.. ... do 20.10 ' Revised. p Preliminary. 1 Estimates (corrected for systematic biases) for Oct.Dec. 1974 and Jan.-Mar. 1975 based on expected capital expenditures of business. Expected expenditures for the year 1974 appear on p. 20 of the December 1974 SURVEY. 2 includes communication. f See corresponding note on p. S-l. 9 Includes inventory valuation 2.40 1.50 2.67 1.41 2.46 1.71 2.33 1.42 2.59 2.11 2.21 1.53 2.77 1.75 2 72 1.62 2.82 1.95 2.49 1.79 2.76 2.05 2.20 1.73 ' 28. 23'1 31. 44 i 26. 38 '11.62 ' 13. 42 11.18 5.34 '5.65 '6.69 5.84 '5.96 '6.73 16.61 ' 18. 02 15.20 ^.80 '.64 '.43 '.58 '.83 '.72 '.45 '.63 .81 .63 .42 .44 '5.20 '4.42 '.78 3.39 '5.57 '5.72 '4.82 '.90 4.69 4.04 .65 '2 9. 67 28.20 111.40 ' 113.99 '1114. 40 45.32 ' 47. 04 ' 47. 33 22.50 ' 23. 08 ' 23. 45 22.82 ' 23. 96 ' 23. 88 1118.06 50.68 24.09 26.59 ' 66. 94 ' 67. 06 67.38 '3.24 '2.79 '1.70 '2.38 3.34 2.68 1.91 2.42 '3.27 '£.68 '1.84 '2.16 20.97 ' 20. 16 ' 21. 11 21.68 20.12 19.80 18.38 18.08 18.58 17.01 17.53 17.96 18.10 ' 17. 47 ' 17. 84 17.12 16.72 16.00 15.40 15.55 14.62 14.67 3.72 2.87 ' 2.68 '3.26 3.00 3.08 2.52 2.98 2.58 2.38 2.86 14.01 13.94 13.83 13.24 13.12 12.34 12.70 11.56 12.63 21.63 ' 22. 84 '2 35. 83 2 35. 36 21.69 21.35 21. 55 21.36 21.53 20.21 20.16 adjustment. 0 Personal outlays comprise personal consumption expenditures, interest paid by consumers, and personal transfer payments to foreigners. § Personal saving is excess of disposable income over personal outlays. UData for individual durable and nondurable goods industries components appear in tne Mar., June, Sept., and Dec. issues of the SURVEY.