Full text of The National Income and Product Account : Second Quarter 1955

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WlontUy BUSINESS STATISTICS
JL HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1953 Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $1.50) contains monthly data for the years 1949 to 1952, 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 1949. Series
added or revised since publication of the 1953 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 and dollar values refer to adjustment of monthly figures for seasonal variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely,
vided through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey

Data from private sources are pro-

1954

August

July

1955

Septem- October Novern- December
ber
ber

January

February

March

April

May

June

July

August

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates :t
National income total
bil of dol
Compensation of employees, total
Wages and salaries, total
Private
Military
Government civilian
Supplements to wages and salaries

do
do
do
do
do
do

_

Proprietors' and rental income, total d"
do
Business and professionalc?
- 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
Gross national product, total

298. 7

303 2

311 4

207.8
196.1
162 1
9.4
24.5
11.7

209 8
198.1
163 8
9.3
25 0
11.8

213 1
200 8
166 5
91
25 3
12.2

219 5
207.0
171 7
9.3
25 9
12.5

48.3
26.0
11.7
10.6

48.2
26 3
11.2
10.7

48.8
26 6
11.5
10.7

48.7
27 1
11.0
10.7

33 1
33.5
16.8
16.7
-.5
9.5

35 5
36.0
18.1
17 9
9.7

39 6
40.9
20.5
20 4
-1.3
9 9

10 3

Q

___

_ do

358.8

367. 1

375 3

384 8

Personal consumption expenditures, total
Durable goods- __
Nondurable goods...
__
Services __
.

do
do
do
do

237.9
29.4
121.5
87 0

241 . 0
30 4
122 5
88 1

245
34
122
89

8
4
4
0

250. 5
35 1
125.3
90 2

45 9
28.5
22.2
-4.9

50 7
29.4
21 9
&

54 1
31 2
21 5
15

60 1
32. 1
23 7
4.3

— 4

— 7

75.8
47.7
42 1
28 1

74.5
45 7
40 5
28 7

75
46
41
29

74.9
45 2
40 4
29 7

287.3
32.8
254.5
16.6

290.8
33 1
257.8
16.8

293 6
32 6
261.0
15 3

Gross private domestic investment, total . d o
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
National security 9
do
State and local
do
Personal income, total
Less: Personal tax and nontax payments
Equals: Disposable personal income.
Personal saving§ ...

.9

do
do
...do
_ do

8
4
2
4

300
33
267
16

5
4
1
6

PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates: f
Total personal income.
Wage and salary disbursements, total
Commodity-producing industries
Distributive industries
Service industries
Government- _ _ _ .

bil. of dol
do
do
do
do
do

Other labor income
do
Proprietors' and rental income
do
Personal interest income and dividends ._ do
Transfer payments _.
.
do
Less personal contributions for social insurance
bil. of dol. .

287. 1

286 7

287 9

288 4

290 8

293 4

292 2

293 2

295 7

298 9

301 4

r 301 6

304 7

196.6
83.8
52.8
26.2
33 8

195.8
83. 1
52 5
26 3
33 9

195.8
82.8
52 5
26 3
34 2

196 8
83.4
52 7
26 5
34 2

198 6
85.2
52 5
26 6
34 3

198 8
84.8
53 1
26 6
34 3

199 o
85.4
59 9
26 8
34 2

200 3
86.3
53 0
26 7
34 3

202 6
87.' 8
53 6
27 0
34 2

204 6
88.9
53 6
27 2
34 9

9Q7 3
90.6
54 5
27 4
34 8

r 208 0
r
90. 9
54 9
27 4
34 8

211 6
91.6
55 2
27 6

6.6
47.6
24.6
16. 1

6 6
48.1
24.7
16 1

6 6
49.0
24.7
16.3

6 7
47.5
24.9
17 0

6 7
48.3
24 9
16 8

6 7
48.9
26 5
17 1

6 8
49! 1
25 0
17 0

6 8
48.8
25 3
17 0

6 8
48.5
25 5
17 4

6 9
49.0
25 9
17 6

48.8
26 1
17 5

4.4

4.6

4.5

4.5

4.5

4.6

5.0

5.0

5.1

5.1

5.2

6 Q
r

fi Q
48. 5
26 3

97 o

7 n

r 17 1

48.0
26 5
16 9

5.2

5.3

Total nonagricultural income
do
272.1
272.1
271.5
273.8
275.9
276.5
277.7
278.1
283.7
286.6 ' 287. 2 291.1
280.9
r
Revised.
IRevised series. Effective with the July 1955 issue of the SURVEY, estimates of national income and product and personal income have been revised back to 1952 (see pp 24 25 and
27); for quarterly or monthly data prior to 1952, see the 1954 NATIONAL INCOME SUPPLEMENT.
cf Includes inventory valuation adjustment.
9 Government sales are not deducted.
§ Personal saving is excess of disposable income over personal consumption expenditures shown
as a component of gross national product above.

354783°—55

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