Full text of The National Income and Product Account : Second Quarter 1956

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* BUSINESS STATISTICS
JL HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1955 Statistical Supplement to the SURVEY OF
CURRENT BUSINESS. That volume (price $2.00) contains monthly data for the years 1951 through 1954 and monthly averages for earlier years
back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1951. Series
added or significantly revised since publication of the 1955 Supplement are indicated by an asterisk (*) and a dagger ( f ) , respectively. In most
instances, the terms "unadjusted" and "adjusted" used to designate index numbers and dollar values refer to adjustment for seasonal variation.
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.
[Averages for the year 1955 are provided in the July 1956 issue of the SURVEY]
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS

1955

July

August

1956

Septem- October Novem- December
ber
ber

January

February

March

April

May

July

June

August

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

do
.do
do
do
do
„ _ do

Proprietors' and rental income, total cfdo
Business and professional c?
_ _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.

.._ _ _ _ _ - _

328 3

334 4

334 9

226 8
213.6

233. 0
219 4
182 5

237.2
223.5
186. 2

9 8
?6 4
13 2

230.3
217 0
180 5
9 7
26 8
13 3

27 3
13 6

27 8
13.8

49.0
27. 7
11 3
10. 0

49
28
11
9

3
0
4
8

49
28
11
9

5
2
5
8

49.9
28.9
11 3

41.6
43.5
22.0
21.5
1 9
11.0

43 4
46 4
23 4
23 0
30
11 3

40
43
22
21
2
11

9
7
1
6
8
5

—3 1
11.7

y6

9.5

9.7

do- _

396. 8

401 9

403.4

408. 3

Personal consumption expenditures, total. _
Durable goods _
__ _
Nondurable goods
___ __
Services.

do __
do
do_
do

257.8
37 2
127 6
92.9

259.5
35 4
129 2
94 9

261
34
130
96

7
8
5
4

263.
33
132
98

7
4
3
0

Gross private domestic investment, total
New construction._ _ .
_ __ _
Producers' durable equipment- _ _ _
_
Change in business inventories.
_._

do
do
do
do

62.3
33 5
25 0

65
33
25
6

1
0
9
1

63
32
26
4

1
6
4
1

64
33
27
3

2
1
5
5

78
47
40
30

1
2
6
9

78
46
40
32

5
4
5
1

3.7

Net foreign investment- do
Government purchases of goods and services, total
bil. of dolFederal (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

do
do
do

Personal saving §.

do

.2

1

0

76.5
46 6
41.3
29.9
309 6
35.9
273.8 15.9

17
78
46
40
32

7
1
7
6

314 6
36 3
278.4

317 5
37 3
280.2

322 9
38 1
284.9

18 8

18 6

21 2

PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:f
Total personal income

309.2

308.7

311.0

311.6

314.5

317.5

316.7

317.1

318.6

321.7

322.8

r

324. 9

324.5

do
do ._
do
do
do

214.5
92.1
56.1
28.6
37.7

213.4
92.1
56.5
28.7
36.1

214.7
92.8
56.9
28 7
36.3

215.3
93.3
56.7
28 9
36 4

217.2
94.2
57 3
29 3
36 4

218.2
94.5
57 6
29 4
36 7

219.0
94.8
57 9
29 5
36 8

218.9
94 7
57 9
29 5
36 8

220.3
95 1
58 4
29 6
37 2

222.9
96 8
59 1
29 8
37 2

223.2
96 8
59 1
30 0
37 3

' 225. 2
r 97 5
r 59 9
30 2
r 37 6

224.0
95 9
59 9
30 4
37 8

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-

7.1
48.5
26.9
17.5

7.1
49.0
27.1
17.4

7.2
49.4
27.6
17.4

7 2
49.1
27.9
17 4

7 2
49 6
28.1
17 7

7 3
49 2
30.2
18 0

7 3
49 4
28.5
18 2

7 2
49 7
28.7
18 3

7 2
49 5
28.8
18 5

7 2
49 7
29.1
18 6

7 2
50 1
29.4
18 7

7 3
r 50 0
'29.6
r
18 6

7 3
50 6
29^8
18 6

5.3

5.3

5.3

5.3

5.3

5.4

5.7

5.7

5.7

5.8

5.8

5.8

5.8

bil. of doL-

Wage and salary disbursements, total..
Commodity-producing industries
Distributive industries
Service industries .
.__ _
._ _
Government
..

Total nonagricultural income
do.-_
294.7
295.9
293.8
296.9
299.4
302.8
301.6
301.5
306.8
307.6 r 310. 3
309.7
304.0
Kevised.
tRevised series. Estimates of national income and product and personal income have been revised back to 1952 (see pp. 7 ff. of the»July 1956 SURVEY); for data prior to 1952, see the 1954
NATIONAL INCOME SUPPLEMENT or the 1955 edition of BUSINESS STATISTICS.
cf Includes inventory valuation adjustment.
$ 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.




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