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SUEVEY OF CUEEENT BUSINESS Ally-list 1957 Table 1.—Gross National Product, National Income, and Personal Income, 1955, 1956, and First Half 1957 [Billions of dollars] Seasonally adjusted at annual rates Unadjusted 1955 1956 1956 1955 1957 I II I II III 107.8 IV 1957 I II III IV I II GROSS NATIONAL PRODUCT OR EXPENDITURE Gross national product,. 391.7 Producers' durable equipment Change in business inventories, total .._ Nonfarm only 402.8 405.2 410.8 416.7 426.0 429.1 434.3 252.1 258.3 259.9 262.8 265.0 268.6 272.3 276.7 278.9 35.6 126.0 92.8 33.9 133.3 99.9 8.1 31.6 26.1 8.9 34.4 26.4 34.7 122.4 90.2 35.3 124.8 92.0 37.2 127 A 93.7 35.4 129.2 95.3 34.6 130.9 97.2 33.3 132.7 99.0 33.0 134.4 101.1 34.8 135.3 102.2 35.9 137.3 103.4 35.0 139.1 104.9 65.9 16.5 15.4 55.6 59.7 61.4 65.4 64.4 65.3 65.5 68.5 62.7 65.0 33.3 7.1 8.2 31.6 32.7 32.9 33.2 32.9 33.6 33.2 33.4 32.8 32.7 15.3 18.0 2.9 4.2 3.6 4.7 16.3 15.3 16.8 15.9 16.7 16.2 16.4 16.8 15.7 17.3 15.5 18.1 15.1 18.1 15.1 18.4 14.4 18.5 13.9 18.9 28.1 7.5 8.0 21.3 22.4 25.2 25.9 26.3 27.2 29.0 29.9 30.7 30.5 4.2 4.0 Residential nonfarm Other 397.0 247.4 23.7 New construction 387.7 69.7 16.6 16.1 Gross private domestic investment 379.0 65.8 32.7 ___ 104.0 267.2 60.6 Durable goods Nondurable goods Services 414.7 254.4 Personal consumption expenditures 4.6 5.0 2.0 2.1 -.8 -.7 2.7 2.2 4.6 4.2 3.3 3.1 6.3 6.3 5.2 5.4 4.6 5.0 3.3 3.9 5.1 5.7 -.8 -.3 1.7 2.2 -.4 -.7 .1 -.7 2 1.2 2.0 2.4 4.1 3.5 21.8 76.5 76.6 77.2 78.2 78.2 79.3 80.6 82.8 85.6 86.9 12.6 12.8 46.9 46.5 46.7 47.1 46.2 46.4 47.3 49.0 50.3 51.1 11.4 11.6 41.8 41.3 41.3 40.7 41.1 41.6 42.7 44.2 45.5 46.3 40.4 2.0 10.9 .5 11.1 .5 39.2 2.6 39.0 2.3 39.4 1.8 38.7 2.0 39.1 2.0 39.5 2.1 40.9 1.9 42.0 2.2 43.6 1.9 44.2 2.1 5.2 .4 1.3 .1 1.3 .1 5.5 .4 5.6 .4 5.8 .4 6.8 .4 5.5 .4 5.2 .4 4.9 .4 5.1 .4 5.2 .4 5.2 .4 8.1 9.1 29.5 30.1 30.5 31.1 32.0 32.9 33.3 33.9 35.3 35.8 355.1 Net foreign investment -.4 1.4 1.0 Government purchases of goods and services 77.1 80.2 20.7 46.8 47.2 41.3 42.4 39.1 2.2 5.9 .4 Federal National security National defense Other national security Other. . _ ... Less: Government sales State and local 30.3 33.0 .9 NATIONAL INCOME BY DISTRIBUTIVE SHARES National income 324.1 343.6 87.7 311.4 321.5 328.3 334.9 335.8 340.6 344.5 353.3 Compensation of employees 223.1 241.4 62.0 63.2 214.0 221.3 226.1 230.8 234.5 240.0 242.7 247.9 251.1 Wages and salaries 210.3 227.2 57.9 59.2 201.8 208.8 213.0 217.5 220.9 226.1 228.3 233.3 235.9 238.2 174.4 9.8 26.1 189.4 9.7 28.2 48.1 2.4 7.4 49.4 2.4 7.4 166.9 9.7 25.3 172.8 10.0 26.1 176.9 9.8 26.4 181.1 9.7 26.8 183.9 9.7 27.3 188.4 9.7 27.9 190.1 9.7 28.5 194.7 9.7 28.9 196.8 9.6 29.4 198. 8 9.7 29.7 Private Military _ _ Government civilian _ Supplements to wages and salaries 12.7 14.1 49.4 49.9 _ 27.3 11.9 10.2 28.0 11.6 10.3 7.1 2.9 2.6 Corporate profits and inventory valuation adjustment 40.7 40.4 42.5 43.0 21.5 21.0 Proprietors' and rental income * Business and professional Farm Rental income of persons Corporate profits before tax Corporate profits tax liability Corporate profits after tax 253. 6 12.2 12.5 13.0 13.2 13.7 13.9 14.4 14.6 15.3 15.4 48.7 49.6 49.6 49.6 49.3 49.7 50.0 50.7 50.3 50.7 26.7 11.7 10.4 27.3 12.1 10.2 27.6 11.9 10.1 27.8 11.7 10.1 27.7 11.4 10.2 28.0 11.5 10.3 28.2 11.5 10.4 28.3 12.0 10.4 28.4 11.5 10.4 28.7 11.7 10.4 10.0 38.2 39.9 41.6 43.2 40.5 39.1 39.8 42.4 41.2 10.8 39.4 40.7 43.6 46.1 43.3 42.4 40.8 45.6 43.9 22.0 21.0 5.5 5.3 20.0 19.5 20.6 20.1 22.1 21.5 23.4 22.7 22.1 21.2 21.6 20.7 20.8 19.9 23.3 22.3 22.4 21.5 4.1 12.6 4.1 12.7 7.2 2.9 2.6 -2.6 -.7 -.3 -.9 -2.0 -2.9 -2.8 -3.2 -1.0 -3.2 2 7 Net interest 10.9 11.9 3.1 3.2 10.5 10.7 11.0 11.3 11.5 11.7 12.0 12.3 12.5 12.7 Addendum: Compensation of general government employees 33.9 36.1 9.4 9.5 32.9 33.8 34.4 34.5 35.0 35.8 36.6 36.9 37.5 38.0 305.9 326.9 82.9 85.1 294.8 303.3 309.4 318.5 325.3 328.7 334.5 337.7 342.4 35.8 39.7 11.3 11.8 34.7 35.5 36.2 36.6 38.9 39.5 39.8 40.5 42.2 42.9 31.5 4.2 35.1 4.6 10.0 1.3 10.3 1.4 30.6 4.1 31.3 4.2 31.9 4.3 32.3 4.3 34.4 4.5 35.0 4.5 35.2 4.6 35.8 4.7 37.4 4.9 38.0 4.9 Inventory valuation adjustment -1.7 -1.2 -1.3 PERSONAL INCOME AND ITS DISPOSITION Personal income Less* Personal tax and nontax payments Federal State and local Equals : Disposable personal income - .. _. 270.2 Less* Personal consumption expenditures Equals: Personal saving 315.2 - 71.6 73.3 260.1 267.8 273.2 278. 6 279.6 285.8 288.8 294.0 295.5 299.5 267.2 65.8 69.7 247.4 252.1 258.3 259.9 262.8 265.0 268.6 272.3 276.7 278.9 15.8 -- 287.2 254.4 _ 20.0 5.8 3.6 12.7 15.7 14.9 18.7 16.8 20.8 20.3 21.7 18.9 20.6 1. Includes noncorporate inventory valuation adjustment. Source: U. S. Department of Commerce, Office of Business Economics. Errata in July 1957 SURVEY, National Income Number Page 29: table 45, line 1, figure for fourth quarter should read "426.0". Pages 30 and 31: table 51, figures in line 11 are combined totals for lines 10, 11, and 12. Figures in lines 16 and 17 should be transposed. Combined totals for lines 17,18, and 19 will be the figures in line 17 after correcting for transpositions. BUSINESS STATISTICS THEISTATISTICS 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. Except as otherwise stated, the terms "unadjusted" and "adjusted" 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 1957 1956 July June August Septem- October Novem- December ber January February March April May June July 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, totalcT do Business and pro fessionalc? _ __ 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 340 6 344 5 353 3 355 1 240 0 226.1 188 4 9.7 27 9 13.9 242 7 228 3 190 1 97 28 5 14 4 247 9 233 3 194 7 97 28 9 14 6 251 1 235.9 196 8 9.6 29 4 15.3 253 6 238 2 198 8 9.7 29 7 15.4 49.7 28.0 11.5 10 3 50.0 28.2 11 5 10 4 50. 7 28.3 12 0 10 4 50.3 28.4 11.5 10 4 50.7 28.7 11.7 10 4 39.1 42.4 21.6 20.7 -3.2 11.7 39.8 40 8 20.8 19 9 -1.0 12 0 42.4 45 6 23.3 22 3 12 3 41.2 43.9 22.4 21.5 -2.7 12.5 -1.3 12.7 o n do 410.8 416.7 426 0 429.1 434.3 Personal consumption expenditures, total Durable goods_. Nondurable goods Services - do do do do 265.0 33.3 132 7 99.0 268 6 33.0 134 4 101.1 272 3 34.8 135 3 102 2 276.7 35.9 137 3 103.4 278 9 35.0 139 1 104.9 Gross private domestic investment, total New construction Producers' durable equipment Change in business inventories do do do do 65.3 33 6 27.2 46 65.5 33 2 29.0 33 68 33 29 5 62.7 32 8 30.7 — 8 65.0 32 7 30.5 17 Gross national product total 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 1.2 2 4 20 79.3 46 4 41 6 32 9 80 47 42 33 5 4 9 1 82 49 44 33 6 3 7 3 4.1 3.5 8 0 2 9 85.6 50 3 45.5 35 3 86.9 51 1 46.3 35 8 Personal income, total Less: Personal tax and nontax payments Equals: Disposable personal income - do do do 325 3 39.5 285 8 328 7 39 8 288 8 334 5 40.5 294 0 337 7 42.2 295 5 342 4 42.9 299.5 Personal saving§ __do 20.8 20.3 21.7 18.9 20.6 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- , 326.8 325.6 329.3 331.1 334.1 334.9 334.8 335.9 337.9 339.5 340.6 342.9 '344.8 345.5 do do do do do 227.3 98.1 60.3 31.0 37 9 225.7 96.3 60.2 31.2 38 0 228.8 98.6 60.5 31 5 38 2 230.4 99.6 60.9 31.5 38 4 231.8 100.8 60.8 31 8 38 4 233.1 101.2 61.4 31.9 38 6 235.3 102.7 61.6 32.2 38 8 234.5 101.4 62.0 32.2 38 9 235. 9 102.0 62.4 32.4 39 1 237.2 102.3 63.0 32.6 39 3 237.1 102.4 62.7 32.9 39 1 238.3 102.4 63.4 33.0 39 5 ' 240. 1 ' 103. 3 '63.8 '33.2 ' 39 8 240.9 103.3 64.2 33.4 40.0 75 49.7 29.5 18 5 75 49.9 29.7 18 5 76 50.1 29.9 18 7 76 49.9 30.1 18 8 77 51.3 30.2 18 9 77 50.7 30.4 18 9 7 7 50.2 28.5 19 0 7 7 50.2 30.7 19 5 78 50.4 30.8 19 7 78 50.4 30.9 20 0 78 50.6 31.0 20.8 7.8 50.8 31.2 21.6 79 '50.9 31.2 21.5 7 9 51.0 31.3 21.2 5.7 5.7 5.8 5.7 5.8 5.9 5.9 6.7 6.7 6.8 6.7 6.8 6.8 6.8 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- - 330.1 319.3 325.3 327.5 '329.3 Total nonagricultural income do 319.6 320.7 322.7 312. 0 i 310.7 314.1 316.1 324.5 317.7 'Revised. tRevised series. Estimates of national income and product and personal income have been further revised back to 1954 (all revisions—beginning with 1952—appear on pp. 5 fl. of the July 1957 issue of the SURVEY); for data prior to 1952, see the 1954 NATIONAL INCOME SUPPLEMENT or the 1955 edition of BUSINESS STATISTICS. cflncludes 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. 43398&0—57- S-l