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BUSINESS STATISTICS
J.HE DATA here are a continuation of the statistics published in the 1947 Statistical Supplement to the SURVEY OF CURRENT BUSINESS.
That volume contains monthly data for the years 1941 to 1946, and monthly averages for earlier years back to 1935 insofar as available; it also
provides a description of each series and references to sources of monthly figures prior to 1941. Series added or revised since publication of the
1947 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying footnote indicating where historical data and
a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index numbers refer to adjustment of monthly
figures for seasonal variation.
Data subsequent to July for selected series will be found in the Weekly Supplement to the Survey.
Unless otherwise stated, statistics through
1946 and descriptive notes may be found in
the 1947 Supplement to the Survey

1949

1948
July

August

September

October

November

December

January

February

March

April

May

June

July

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT!
Seasonally adjusted quarterly totals at annual rates:
National income, total
_ _ _ _ bil. of dol
Compensation of employees, total
__do_ _
Wages and salaries, total
do
Private
_.do
Military
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' and rental income, total
do
Business and professional
do
Farm
_ _
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
_
bil. of dol_.
Corporate profits before tax, total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Inventory valuation adjustment
do
Net interest
_
_
do

230 4
143.3
138.3
118.6
3.9
15.7
5.0
49.9
24.5
18.8
6.6

234.3
144. 9
139.8
119.6
4.1
16.1
5.0
49.7
24.5
18.5
6.7

225 3
142.5
137.5
117.2
4.1
16.2
5 0
47.8
24.0
37.1
6.7

141 7
136.6
116.0
4 0
16.5
51
46.7
24.1
15 9
6.7

33.3
36.6
14.4
22.2
—3.3
3.9

35.7
34.5
13.6
20.9
1.2
4.1

30.8
28.4
11.2
17.3
2.3
4.2

4.7
4.3

Gross national product total
do
Personal consumption expenditures,total do
Durable goods
do
Nondurable goods
do
Services
do
Gross private domestic investment
do
New construction
do
Producers' durable equipment ._ _ _ do
Change in business inventories
do
Net foreign investment
do _
Government purchases of goods and services,
total
_ bil. of dol
Federal (less Government sales).
do
State and local
do

266.5
180.3
24.8
101.8
53.7
47.1
18.7
21.0
7.4
—.1

270.3
180. 9
22.9
103.3
54.8
48.0
17.9
21.2
9.0
1.0

262 5
177.9
22.5
99.9
55.4
41.9
16.8
21.0
4.1
.6

256.1
178.2
23.6
98.7
55.9
34.0
16.5
20.3
—2.8
.8

39.2
22.8
16.4

40.3
23.4
16.9

42.1
25.1
17.0

43.1
25.4
17.7

Personal income total
Less' Personal tax and nontax payments

215.4
20.2
195.2
15.0

216.6
20.4
196.2
15.3

213. 7
18.7
195.0
17.1

212.9
18.7
194.2
16.0

do
do

_ _ __

"
.

PERSONAL INCOME BY SOURCEf
Seasonally adjusted, at annual rates:
Total personal income
bil. of dol..
Wage and salary receipts, total _ _
do
Employer disbursements, total
do
Commodity-producing industries
do
Distributive industries
do
Service industries
do
Government
_ do_ _
Less employee contributions for social insurance
bil. of dol__
Other labor income
_ _ _ - _ . do__
Proprietors' and rental income
do
Personal interest income and dividends _ _ . do
Total transfer payments
_ _ _ do_ _
Total nonagricultural income

do

214.5
134.6
136.8
60.7
39.8
16.9
19.4

215.4
136.5
138.7
61.9
40.2
16.9
19.7

216.3
137.7
139. 9
62.8
40.4
16.7
20.0

216.3
138.1
140.3
62.7
40.4
16.9
20.3

216.6
137.5
139.7
62.7
39.8
16.9
20.3

217.0
137.1
139. 4
62.3
40.0
16.9
20.2

215.7
136. 6
138.9
61.4
40.2
17.0
20.3

212.9
135.0
137.3
60.6
39.5
16.9
20.3

212.4
133.5
135.8
58.9
39.4
17.1
20.4

212.5
134.7
136.8
58.6
40.5
17.1
20.6

2.2
2.0
50.8
16.0
11.1

2.2
2.0
49.5
16.3
11.1

2.2
2.0
49.4
16.5
10.7

2.2
2.0
49.0
16.8
10.4

2.2
2.0
49.8
16.9
10.4

2.3
2.0
50.3
16.9
10.7

2 3
2.0
49.0
17.0
11.1

2.3
2.1
47.2
17.1
11.5

2.3
2.1
47.3
17.1
12.4

2.1
2.1
46.3
17.2
12.2

190.2

192.0

193.3

192. 9

192.8

193.6

192.6

191.7

191.4

192.3

' 213. 1
' 135. 0
' 137. 2
58.3
'41.1
17.3
20.5
2.2
2.1
46.7
17.3
12.0
' 192. 6

' 212. 4
' 134. 0
' 136. 3
'58.3
MO. 4
17.1
20.5

209.7
133.7
135.9
58.1
40.2
17.0
20.6

2.3
2.2
'46.8
'17.3
12.1

2.2
2.1
44.5
17.3
12.1

' 191. 8

191.1

NEW PLANT AND EQUIPMENT EXPENDITURES
All industries total

mil of dol

Manufacturing

i

do

f"I~

~~ - - - - -

r'/vmmAvfticil'ta-n/1Tnlo^nfloVin^nc

f\f\

4,830
690
2,090
200
320
170
1.360

5,410
850
2,320
220
410
170
1.440

4,460
680
1,850
190
360
130
1.260

14.820
1
810
i 1, 960
1200
1410
i 140
11.300

' Revised.
i Estimates based on anticipated capital expenditures of business.
§ Personal savings is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
t Revised series Quarterly estimates of national income, gross national product, and personal income have been revised beginning 1939; monthly estimates of personal income have been
revised beginning 1942; see pp. 26-31 of the July 1949 Survey for the revised figures.

Survey of Current Business
849818°—49

4




September 1949

S-l

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