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SUEVEY OF CUREENT BUSINESS December 1978 NATIONAL INCOME AND PRODUCT TABLES 1977 1976 1977 ii in rv I II 1978 1977 1978 III' 1976 1977 II III I IV II III' Seasonally adjusted at annual rates Seasonally adjusted at annual rates Billions of 1972 dollars Billions of current dollars Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2) Gross national product ,700.1 1,887.2 1,867.0 1,916.8 1,958.1 1,992.0 2,087.5 2,136.1 1,271.0 1,332.7 1,325.5 1,343.9 1,354.5 1,354.2 1,382.6 1,391.4 Personal consumption expenditures. _ Durable goods Nondurable goods.. Services ,090.2 1,206.5 1,188.6 1,214.5 1,255.2 1,276.7 1,322.9 1,356.9 156.6 442.6 491.0 178.4 479.0 549.2 175.6 473.6 539.4 177.4 479.7 557.5 243.0 297.8 295.6 309.7 232.8 282.3 278.6 287.8 Nonresidential Structures Producers' durable equipment.. 164.6 57.3 107.3 190.4 63.9 126.5 187.2 63.4 123.8 193.5 65.4 128.1 Residential Nonfarm structures Farm structures Producers' durable equipment.. 68.2 65.8 1.1 1.3 91.9 88.9 1.5 1.5 91.4 88.4 1.6 1.4 10.2 12.2 -2.0 15.6 15.0 .6 17.0 16.5 .5 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_. Nondefense State and local 819.4 857.7 849.5 858.0 876.6 873.5 886.3 895.1 125.9 320.2 373.2 137.8 330.4 389.5 136.2 327.2 386.0 136.9 329.2 391.8 143.0 338.1 395.6 137.8 333.3 402.4 145. 8 336.3 404.2 144.8 340.4 410.0 196.3 197.1 201.7 200.3 205.7 213.1 210.4 187.4 187.1 189.5 192.8 193.4 200.4 201.4 129.8 40.0 89.8 129.1 40.0 89.0 130.8 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 47.8 46.0 .7 1.1 57.7 55.6 .9 1.2 58.0 55.9 1.0 1.1 58.8 56.6 1.0 1.2 58.4 .7 1.2 59.5 57.4 .8 1.3 59.9 57.8 .8 1.4 59.7 57.6 6.7 8.5 -1.9 8.9 9.4 -.5 10.0 10.2 -.2 12.2 13.5 -1.4 7.5 6.5 12.3 12.5 -.1 12.7 13.9 -1.2 9.0 9.6 -.6 183.5 501.4 591.8 197.8 519.3 605.8 199.5 531.7 625.8 313.5 322.7 345.4 350.1 173.4 300.5 306.0 325.3 336.5 166.8 200.3 67.4 132.8 205.6 68.5 137.1 220.1 76.6 143.5 227.5 80.9 146.6 118.9 38.3 80.6 91.2 1.6 1.5 94.3 100.2 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 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 -.9 -23.2 187.2 496.9 571.1 7.4 -11.1 -5.9 -7.0 -24.1 -5.5 -10.7 15.4 9.5 11.0 12.5 3.1 2.9 11.3 9.2 163.2 155.7 175.5 186.6 178.1 184.0 180.8 187.8 172.1 195.2 181.7 205.8 205.4 210.9 95.9 80.5 98.2 88.7 98.9 87.9 100.8 88.2 96.0 92.9 99.1 96.2 108.4 97.1 109.0 99.7 359.5 394.0 399.5 412.5 416.7 424.7 210.1 220.8 439.8 262.8 269.2 267.9 271.7 274.5 272.1 271.9 276.7 129.9 86.8 43.1 229.6 145.1 94.3 50.8 248.9 146.8 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 99.6 54.5 285.8 96.6 101.6 101.3 102.9 103.6 101.2 97.1 100.4 166.2 167.6 166.6 168.8 170.9 170.8 142.9 93.7 49.3 245.9 176.3 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.. Final sales. Change in business inventories. Durable goods.. Final sales Change in business inventories. Nondurable goods Final sales. _ Change in business inventories. Services.... Structures.. 1,700.1 1,887.2 1,867.0 1,916.8 1,958.1 1,992.0 2,087.5 2,136.1 1,271.0 1,332.7 1,325.5 1,343.9 1,354.5 1,354.2 1,382.6 1,391.4 1, 689.9 1,871.6 1,850.0 1, 894.9 1,945.0 1,975.3 2,067.4 2,122. 5 1,264.4 1, 323.8 1,315.5 1,331. 7 1,347.1 1,341.8 1,369. 9 1L, 382.4 9.0 12.7 12.3 12.2 7.5 10.0 10.2 13.6 15.6 17.0 13.1 20.1 6.7 16.7 21.9 8.9 825.8 844.7 859.6 861.8 912.2 927.3 576.5 608.4 604.4 613.3 620.1 611.8 627.7 630.2 17.0 822.8 21.9 846.5 13.1 845.1 16.7 892.1 20.1 913.7 13.6 569.8 6.7 8.9 594.3 10.0 601.1 12.2 612.7 7.5 599.4 12.3 615.0 12.7 621.2 9.0 339.1 330.0 9.1 346.5 334.6 11.9 347.4 341.1 6.3 351.2 336.3 14.8 375.8 365.0 10.8 380.1 369.8 10.2 236.2 232.5 3.6 253.7 248.0 5.8 253.0 246.9 6.1 255.9 248.0 7.9 255.1 250.5 4.6 254.6 245.0 9.6 266.6 260.2 6.4 264.8 258.7 6.1 455.7 450.7 4.9 341.3 332.9 8.4 491.3 484.1 7.2 486.7 478.8 7.9 498.2 488.2 10.0 512.2 505.4 6.8 510.6 508.7 1.9 536.4 527.1 547.2 543. 9 3.4 340.3 337.3 3.0 354.7 351.6 3.1 351.3 347.5 3.9 357.4 353.1 4.3 365.0 362.1 2.9 357.2 354.5 2.7 361.2 354.8 6.3 365.4 362.5 2.9 778.0 161.9 862.8 191.8 850.0 191.3 875.3 196.8 893.6 204.9 926.4 203.8 952.0 223.4 973.7 235.0 583.0 111.6 602.9 121.3 122.3 606.9 123.7 609.6 124.8 620.1 122.3 625.6 129.3 629.7 131.6 760.3 832.6 750.1 10.2 817.0 15.6 304.6 299.3 5.3 Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8) Gross national product.. Gross domestic product Business Nonfarm. Nonfarm less housing.. Housing Farm _ _. Statistical1 discrepancy... Residual .. Households and institutionsGovernment Federal State and local. Rest of the world. r 1,700.1 1,887.2 1,867.0 1,916.8 1,958.1 1,992.0 2,087.5 2,136.1 1,271.0 1,332.7 1,325.5 1,343.9 1,354.5 1,354.2 1,382.6 1,,391.4 1,685.7 1,869.9 1,849.0 1,898.7 1,942.2 1,973.8 2,066.5 2,117.3 1,264.3 1,325.3 1,317.7 1,336.3 1,347.9 1,346.6 1,373.9 1,383.9 1,436. 7 1,599.3 1,582.5 1, 626.4 1,660.4 1,684.1 1,771.8 1,817. 5 1,077.9 1,135.9 1,129.6 1,146.1 1,155.9 1,153.5 1,180.0 1,189.3 151. 8 1,385.6 1,544.0 1,528.0 1,571.6 1,601.6 1,628.9 1, 714. 9 1, 758. 5 1,040.1 1, 094. 2 1,088.9 1,102. 6 1,112. 4 1,115. 4 1,145. 2 1,,, 031. 7 998.1 1,026.5 ~ 996.4 976.1 988.0 980.5 1, 255.0 1,397.8 1,384.0 1,423.2 1, 449.0 1, 471. 7 1,553. 2 1, 592. 0 932.6 120.1 117.4 66.5 118.6 116.0 112.8 114.6 107.5 113.6 130.6 144.1 152.7 157.1 146.2 161.7 148.4 33.2 32.5 58.6 30.5 36.1 34.1 34.5 32.2 34.4 46.9 50.8 53.0 54.0 50.5 47.7 56.4 .4 4.2 3.7 2.2 4.8 7.1 4.7 .5 4.3 4.3 5.5 7.4 9.0 7.3 6.6 5.6 44.9 44.3 43.6 42.2 42.5 70.5 63.5 40.7 62.7 61.3 56.5 65.9 68.8 192.5 62.4 130.1 208.0 66.4 141.5 205.2 65.4 139.8 208.9 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 14.4 17.3 18.0 18.1 15.9 18.2 21.1 18.8 145.6 48.5 97.1 6.8 147.2 48.7 98.4 146.3 48.7 97.6 147.7 48.8 99.0 148.4 48.8 99.6 149.4 48.8 100.6 7.3 7.8 7.6 6.6 7.5 149.6 48.8 100.8 149.8 49.0 100.8 7.5 Revised. 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 SURVEY, respectively. CURRENT BUSINESS STATISTICS _L 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 $6.80) provides a description of each series, references to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1971 through 1974 (1964-74 for major quarterly series), annually, 1947-74; for selected series, monthly or quarterly, 1947-74 (where available). Series added or significantly revised after the 1975 BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively. Unless otherwise noted, revised monthly data for periods not shown herein corresponding to revised annual data are available upon request. The sources of the data are given in the 1975 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and are also listed alphabetically on pages 187-88. Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights. OF CURRENT BUSINESS. 1975 Unless otherwise stated in footnotes below, data through 1974 and descriptive notes are as shown in the 1975 edition of BUSINESS STATISTICS 1976 1977 1975 III 1977 1976 IV I II III IV I II 1978 III I IV II III- Annual total Seasonally adjusted quarterly totals at annual rates GENERAL BUSINESS INDICATORS—Quarterly Series NATIONAL INCOME AND PRODUCT! Gross national product, totalf bil.$._ 1,528.8 1, 700.1 1,887. 2 , 564.0 1,598.0 Personal consumption expenditures, total..do Durable goods, total 9 do. Motor vehicles and parts do. Furniture and household equipment ...do. 979.1 1,090. 2 1, 206.5 994.0 1,021.6 685.4 1, 715. 6 1,749.8 806.8 1,867.0 1,916.8 1,958.1 , 992.0 2,087.5 2,136.1 , 053. 8 1,075.1 1,098.4 1,133.7 167.7 1,188.6 1, 214.5 1,255.2 , 276.7 1,322.9 1,356.9 ,649.7 132.6 53.4 58.0 156. 6 69.7 63.9 178.4 81.5 71.3 136.3 55.9 58.7 143.5 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 Nondurable goods, total 9 Clothing and shoes Food. Gasoline and oil do do do do 408.9 70.1 209.6 39.5 442.6 75.7 225.8 42.8 479.0 81.5 245.2 46.5 415.0 71.5 212.4 40.0 421.4 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 46.2 479.7 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 Services, total9 Houshold operation Housing Transportation. do_. do. .do. do. 437.5 64.5 150.2 32.6 491.0 72.8 166.4 37.9 549.2 81.6 184.6 44.2 442.7 65.8 151. 5 32.7 456.7 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 Gross private domestic investment, total....do. Fixed investment do Nonresidential ..do Structures .do Producers' durable equipment. .do 190.9 243.0 297.8 206.8 203.9 231.5 243.5 249.9 247.1 272.5 295.6 309.7 313.5 322.7 345.4 350.1 201.6 150.2 53.8 96.4 232.8 164.6 57.3 107.3 282.3 190.4 63.9 126.5 202.3 149.7 54.0 95.7 208.8 151.5 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 67.4 132.8 306.0 205.6 68.5 137.1 325.3 220.1 76.6 143.5 336.5 227.5 80.9 146.6 Residential Change in business inventories Nonfarm do do .do 51.5 -10.7 -14.3 68.2 10.2 12.2 91.9 15.6 15.0 52.6 4.6 1.1 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 Net exports of goods and services Exports Imports do _do do 20.4 147.3 126.9 7.4 163.2 155.7 -11.1 175.5 186.6 20.9 147.0 126.1 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 Govt. purchases of goods and services, total.do Federal do National defense. _. do State and local do 338.4 123.1 83.7 215.4 359.5 129.9 86.8 229.6 394.0 145.1 94.3 248.9 342.2 123.6 84.2 218.7 351.5 127.9 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 By major type of product: t Final sales, total Goods, total. Durable goods Nondurable goods Services Structures. _ Change in business inventories Durable goods. Nondurable goods do do do do do do do. do. do. 1, 539. 6 686.6 259.0 427.5 697.6 144.7 -10.7 -8.9 -1.8 5 1, 689. 9 1,871.6 1,559. 4 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. 927.3 912.2 861.8 859.6 844.7 825.8 800.2 741.9 772.9 718.6 758.0 711.4 768.1 760.3 832.6 380.1 375.8 351.2 347.4 346.5 339.1 288.6 315.6 332.2 273.7 269.9 301.8 312.4 304.6 341.3 547.2 536.4 512.2 510.6 498.2 453.4 457.3 486.7 444.9 468.0 441.5 456.2 455.7 455.7 491.3 973.7 952.0 893.6 926.4 749.7 808.1 875.3 726.4 850.0 706.1 832.3 787.1 766.9 778.0 862.8 235.0 223.4 204.9 203.8 158.1 168.7 153.0 196.8 146.5 191.3 160.3 174.3 160.5 161.9 191.8 13.6 20.1 16.7 13.1 21.9 17.0 11.4 15.4 14.5 -.6 10.3 4.6 -4.9 10.2 15.6 10.2 10.8 14.8 6.3 11.9 9.1 6.1 .1 6.5 9.3 5.2 -3.5 -8.6 5.3 8.4 3.4 9.3 1.9 6.8 10.0 4.2 7.9 5.3 -5.8 8.0 3.7 11.3 8.9 7.2 4.9 GNP in constant (1972) dollars! Gross national product, totalt bil.$__ Personal consumption expenditures, total..do Durable goods. _ do.. Nondurable goods do.. Services do. Gross private domestic investment, total...do Fixed investment Nonresidential Residential Change in business inventories. Net exports of goods and services do. do. do. ...do.. do Govt. purchases of goods and services, total .do Federal do. State and local do. r , 202.3 774.6 1,271.0 1,332.7 1,220.0 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 1,354.2 873.5 876.6 858.0 836.2 849.5 806.3 820.9 846.6 814.0 779.7 791.1 857.7 819.4 112.7 306.6 355. 3 125.9 320.2 373.2 137.8 330.4 389.5 115.2 307.5 357.0 119.7 309.5 361.9 124.8 314.6 366.9 125.2 318.2 370.6 142.6 173.4 196.3 153.7 148.9 168.5 174.7 152.4 113.6 38.8 -9.8 22.6 262.6 96.5 166.1 154.1 111.8 42.3 -5.2 161.0 115.5 45.5 7.5 164.6 117.8 46.8 10.1 1,382.6 1,391.4 886.3 895.1 145.8 336.3 404.2 144.8 340.4 410.0 125.3 320.5 375.1 128.5 327.7 380.0 134.9 327.1 384.6 136.2 327.2 386.0 136.9 329.2 391.8 143.0 338.1 395.6 137.8 333.3 402.4 177.1 173.4 186.1 197.1 201.7 200.3 205.7' 213.1 210.4 192.8 132.5 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 9.0 167.8 121.0 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 12.2 166.8 118.9 47.8 6.7 187.4 129.8 57.7 8.9 151. 5 112.0 39.5 2.1 15.4 9.5 22.8 22.2 16.5 16.1 16.1 13.1 11.2 11.0 12.5 3.1 2.9 11.3 9.2 263.8 96.7 167.2 265.7 97.3 168.4 264.3 96.2 168.1 263.2 95.9 167.3 262.5 96.8 165.7 261.3 97.5 163.8 262.8 98.7 164.1 267.9 101.3 166.6 271.7 102.9 168.8 274.5 103.6 170.9 272.1 101.2 170.8 271.9 97.1 174.8 276. 7 100.4 176. 3 262.8 96.6 166.2 269.2 101.6 167.6 Revised. v Preliminary. tRevised series. Estimates of national income and product and personal income have been revised back to 1973 (see p. 16 ff. of the July 1977 SURVEY and p. 24 ff. of the July 1978 SURVEY); revisions prior to May 1977 for personal income appear on 1 p. 36 of the July 1978 SURVEY. 9 Includes data for items not shown separately. S-l 279-667 O - 79 - SI S-2 December 1978 SURVEY OF CURRENT BUSINESS Unless otherwise stated in footnotes below, data through 1974 and descriptive notes are as shown in the 1975 edition of BUSINESS STATISTICS 1975 1976 1977 Annual total I II III IV I II 1979 1978 1977 1976 III I IV II III IV I 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 Nonresidential. do Residential ._. do Govt. purchases of goods and services do.. Federal do. State and local do. 132. 92 134. 39 136.28 133.8 135.6 132.1 125.0 126.8 123.6 138.7 139.9 137.4 132.5 134.9 130.3 138.27 137.9 128.4 142.4 137.4 140.86 139.9 128.9 144.7 139.7 140.3 138.9 143.8 142.6 140.5 147.6 145.4 142.5 152.3 148.9 145.0 157.6 137.3 134.2 139.1 140.2 138.0 141.5 142.7 140.1 144.3 145.1 141.1 147.6 127.15 126.4 117.7 133.4 123.2 133.76 133.1 124.4 138.2 131.6 132.3 132.2 132.8 139.6 138.4 142.5 150.6 146.7 159.4 136.7 136.6 137.2 138.5 137.7 140.7 128.9 127.5 129.7 136.8 134.4 138.1 146.3 142.7 148.5 134.0 132.1 135.0 135.7 133.3 137.1 141. 61 131. 40 130.7 140.7 122.0 129.5 136.8 145.0 128.4 141.0 142. 63 144.56 143.2 141.6 130.9 129.5 147.0 145.7 144.4 142.3 147.10 146.2 133.1 150.4 147.1 151.9 147.9 160.6 155.9 151.2 166.1 158.2 153.6 168.6 162.2 156.7 175.7 167.1 160.6 182.6 147.1 142.7 149.7 150.3 146.9 152.3 153.2 149.6 155.2 156.2 151.5 158.8 158.9 153.4 162.1 150.98 ' 153.52 151.6 149.3 137.3 135.7 156.2 154.4 152.6 149.9 Quarterly Data Seasonally Adjusted at Annual Rates National income, totalf bil. $_. 1,215.0 1,359.2 1,515.3 1,319. 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 Compensation of employees, total do Wages and salaries, total do Govt. and govt. enterprises do Other do.... Supplements to wages and salaries.. do Proprietors' income with inventory valuation and capital consumption adjustments, total bil. $.. Farm do Nonfarm do Rental income of persons with capital consumption adjustment bil. $.. Corp. profits with inventory valuation and capital consumption adjustments, total bil. $._ Corp. profits with invent, val. adj.: Domestic, total do Financial. __ _ do Nonfinancial, total 9 do Manufacturing, total 9 do Durable goods do Transportation, communication, and electric, gas, and sanitary serv bil. $._ Rest of the world do Profits before tax, total Profits tax liability Profits after tax... Dividends. _ Undistributed profits Inventory valuation adjustment Capital consumption adjustment Net interest.... 1,036.8 1,153. 4 1,001.7 1,026.0 1,046.1 1,073.3 1,107.9 1,140.5 1,165. 8 1,199. 7 1,241.0 1,287.8 1,317.1 973. 4 993.6 1,021.2 1,050.8 1,090.2 1,113.4 919.9 946.4 897.3 881.5 890.1 983.6 861.7 213.9 216.8 198.1 201.7 208.1 211.4 192.6 195.2 188.1 186.1 187.6 200.8 183.7 876.3 896.6 775.3 791.9 813.1 727.2 751.2 839.3 695.4 709.2 702.5 782.9 678.0 197.6 203.6 167.1 172.2 178.4 153.4 161.5 190.2 144.6 146.7 148.8 169.8 140.0 931.1 805.9 175.4 630.4 125.2 87.0 23.5 63.5 88.6 18.4 70.2 20.2 79.5 88.6 20.9 67.7 88.8 19.6 69.3 87.4 16.9 70.5 89.5 16.3 73.2 95.6 19.4 76.1 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 22.4 22.5 22.5 22.5 22.4 22.4 22.8 22.5 22.4 22.4 22.7 22.8 22.2 24.3 95.9 127.0 144.2 126.8 128.6 130.0 122.5 129.9 143.7 154.8 148.2 132.6 163.4 ' 165.2 101.8 13.0 88.9 48.3 18.3 133.2 17.5 115.6 65.6 28.1 149.5 20.9 128.6 74.7 35.1 132.3 15.8 116.4 67.0 27.4 135.4 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 9.2 6.1 13.7 8.2 16.1 9.6 12.4 8.9 14.3 7.6 14.9 8.2 15.4 9.7 14.5 10.4 17.5 10.3 17.1 7.9 17.3 9.4 19.3 11.7 20.7 9.1 do do.... .do do do 120.4 49.8 70.6 31.9 38.7 155.9 64.3 91.7 37.9 53.8 173.9 71.8 102.1 43.7 58.4 152.6 63.6 89.0 34.5 54.5 158.7 66.3 92.4 37.2 55.2 157.8 64.7 93.1 38.4 54.7 13.3 8.2 154.6 62.4 92.2 41.4 50.8 164.8 68.3 96.5 41.5 55.0 175.1 72.3 102.8 42.7 60.1 177.5 72.8 104.8 44.1 60.6 178.3 73.9 104.4 46.3 58.1 172.1 70.0 102.1 47.0 55.1 205.5 85.0 120.5 48.1 72.4 r 205.4 '86.2 ' 119.2 50.1 '69.2 .do do do_... -12.4 -12.0 78.6 -14.5 -14.4 84.3 -14.8 -14.9 95.4 -11.4 -14.4 80.1 -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 -14.8 -15.3 99.0 -23.5 -16.1 101.7 -24.9 -17.2 104.6 -20.9 -19.3 ' 107.4 97.3 DISPOSITION OF PERSONAL INCOMEf 1,731.7 Personal income, total.. bil. $.. 1,255. 5 1,380.9 1, 529. 0 1,336.9 1,363. 2 1, 392.8 1,430.5 1,470.7 1, 508. 6 1, 543. 7 1, 593. 0 1,628. 9 1,682.4 249.1 ' 263.2 233.3 237.3 223.3 209.0 222.7 224.6 226.0 200.0 184.4 192.6 168.8 196.5 Less: Personal tax and nontax payments do '1,468.4 1,433.3 1,391.6 1,086.7 1,184.4 1,303.0 1,152. 5 1,170. 6 1,192.8 1,221. 5 Equals: Disposable personal income do. l!"2l7.8 fl"244?8" it 285! 9 1, 309. 2 1,357.0 1,392.5 1,003.0 1,116. 3 1,236.1 1,078.9 1,100. 7 1,124. 8 1,160. 9 Less: Personal outlays© do 76.3 '76.0 73.7 82.4 67.5 74.3 60.7 83.6 68.1 73.6 69.9 68.0 52.2 Equals: Personal saving§ do NEW PLANT AND EQUIPMENT EXPENDITURES Unadjusted quarterly or annual totals: 38.06 34.52 37.89 r 38.67 i 44.18 i 36.85 34.82 32.35 29.20 33.73 30.41 25.87 29.70 120.49 135.80 112. 78 All industries.. bil. 17.19 16.22 15.38 16.76 ' 16.89 20.32 15.60 13.67 13.48 12.52 14.84 12.66 52.48 60.16 10.96 47.95 Manufacturing do. 8.00 7.57 9.62 7.27 7.79 '7.97 6.02 7.17 6.36 5.80 6.79 5.61 23.68 27.77 21.84 4.78 Durable goods industries^. do 9.18 8.65 10.70 7.46 8.12 8.97 '8.92 8.43 7.31 6.72 8.06 32.39 7.05 28.81 26.11 6.18 Nondurable gcods industries^. do 20.87 20.63 21.13 r 21.78 23.86 19.14 16.93 19.21 18.68 18.88 75.64 64.82 14.91 17.04 16.68 68.01 Nonmanufacturing do. 1.15 1.18 1.32 1.22 '1.24 1.05 1.04 1.17 1.07 1.16 4.50 .92 .99 1.02 3.79 4.00 Mining do. .76 .86 '.84 .84 .83 .70 .64 .78 .71 .67 .49 .68 .59 2.80 2.55 2.52 Railroad do.. .46 .59 '.54 .70 .60 .35 .26 .39 .52 .43 .26 .42 .33 1.30 1.62 1.84 Air transportation do. .63 .62 '.62 .67 .60 .95 .50 .51 .76 .94 .72 1.02 .61 3.63 2.51 3.18 Other transportation do. 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 Mining Railroad Air transportation Other transportation Public utilities Electric Gas and other Communication Commercial and other 5.50 4.74 .76 3.21 5.21 5.52 4.54 .98 3.33 5.19 6.46 5.34 1.12 3.84 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 8.18 '7.43 '6.11 '1.32 4.68 6.43 do. do. do. do. do. do. do. do. do. 114.72 49.21 21.63 27.58 118.12 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. 50 161.24 73.20 34.19 39.02 163.34 73.02 34.13 38.89 65.51 3.83 2.08 1.18 3.29 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 ' 87. 66 4.81 '4.99 3.09 '3.38 2.08 '2.20 2.23 '2.47 88.04 5.23 3.14 2.61 2.40 90.31 4.94 4.05 3.05 2.99 do. do. do. do. do. 21.91 18.56 3.36 12.54 20.68 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 ' 29. 62 23.83 ' 24.92 4.62 '4.70 18.90 18.18 24.71 26.09 30.59 26.23 4.36 30.70 26.31 4.38 2 44.07 2 44. 59 20.14 17.00 3.14 12.74 20.60 22.28 18.80 3.47 13.30 20.99 -I- 25.80 21.59 4.41 15.45 22.97 ' Revised. r> Preliminary. * Estimates (corrected for systematic biases) for Oct.Dec. 1978 and Jan.-Mar. 1979 based on expected capital expenditures of business. Expected 2 expenditures for the year 1978 appear on p. 18 of the Dec. 1978 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 6.79 5.99 .81 4.79 4.18 .62 2.92 4.82 do. do. do.. do.. do. 8.46 7.21 1.25 11.88 210.58 by consumers to business, and personal transfer payments to foreigners (net). §Personal saving is excess of disposable income over personal outlays. lIData for individual durable and nondurable goods industries components appear in the Mar., June, Sept., and Dec. issues of the SURVEY.
@FedFRASER