Full text of The National Income and Product Account : Second Quarter 1959

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* BUSINESS STATISTICS
JL HE STATISTICS here are a continuation of the data published in the 1957 edition of BUSINESS STATISTICS, biennial Statistical Supplement
to the SURVEY OF CURRENT BUSINESS. That volume (price $2) contains monthly (or quarterly) data for the years 1953 through 1956 and
monthly averages for all years back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly
figures prior to 1953. Series added or significantly revised since publication of the 1957 BUSINESS STATISTICS are indicated by an asterisk (*) and a
dagger (f), respectively; certain revisions for 1956 issued too late for inclusion in the aforementioned volume appear in the monthly SURVEY
beginning with the July 1957 issue. 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.
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS

1958
July

1959

August Septem- October Novem- December
ber
ber

January

February

March

April

May

June

July

August

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual ratesrf
National income, total
._ _ _
bil.ofdoL

369.5

380 4

389 4

Compensation of employees, total
do
Wages and salaries, total
do
Private
do_
Military
._ do. _
Government civilian
do
Supplements to wages and salaries _ _ _ _ _ do. _ _

258.5
241 1
197.1
10 0
34 0
17.5

262.9
245.1
200 8
99
34.4
17 8

269.9
250 9
206 2
9.8
34.8
19 0

278.9
259 4
214 0
98
35 6
19 6

Proprietors' income, totaled
do._
Business and professionald"
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
Corpora te profits after tax. _
_.do
Inventory valuation adjustment
do

46.8
32.6
14.2
11 9

47 4
33.2
14 1
11.9

46.9
33.7
13.2
12.0

46 6
34.5
12. 1
12.0

38 0
38.3
18.8
19.5
3

43.5
44.6
21 9
22. 7

45.5
46.5
22.6
23.8
9

Net interest

I i

do

14.4

14 7

15.1

15.4

do

444 0

457 i

470 2

484.5

Personal consumption expenditures, total. ..do
Durable goods.do
Nondurable goods
_ do
Services.. _
do

294.4
37.1
143 1
114.2

299.1
39 8
143 6
115.7

303.9
41 3
145 3
117 4

311.2
44.1
147 7
119.4

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

54 2
35.4
22.2
-3 4

61.3
37 3
23.2
8

69 8
39 7
23 9
6.1

77 5
41 0
26.0
10 4

1.6
23 1
21 5

.2
22.7
22.5

— 9
21 5
22.4

— 1.8
22.1
23.9

93.8
53.1
44 5
40 8

96.5
54.2
45 3
42.2

97.4
53 8
45 8
43 6

97.7
53 9
46 2
43 8

363.4
42.9
320 4

366.3
43.4
322.9

371 8
44.4
327 4

381 1
45.8
335 3

26.0

23 7

23 5

24 1

Gross national product, total^

do
do
do __
do_ ..

Net exports of goods and services \
do . .
Exports
do
Imports. _ __
_ - -_
_ - - - - -- -- do- Government purchases of goods and services, total \
bil. of dohFederal (less Government sales)V do
National defense 9 - --- -do
State and local
do
Personal income, total..
___
Less: Persona 1 tax and nontax payments
Equals: Disposable personal income

do_ __
do
do

Personal saving §
_ _ _ _ _
do_ _
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates :f
Total personal income
bil. of dol__
do
do
do
do
do
do _
do

1S59.9
i 363. 5

i 362. 4

364.2

364.3

367.5

366.9

369.0

371.0

375.4

379.0

381.3

383.8

' 384. 0

381.4

i 243. 2
97.2
76.1
63.8
34.8
i 47.4
9.3

i 241. 3
97.9
76.7
64.3
35.0
144.1
9.3

242.5
99.3
77.9
64.1
35.0
44.1
9.3

242. 1
98.7
76.9
64.1
35.2
44.1
9.3

246.1
101.8
79.7
64.7
35.3
44.3
9.4

247.0
102.2
80.6
64.7
35.6
44.4
9.4

248.7
102.8
80.9
65.6
35.6
44.6
9.6

250.1
103.5
81.7
66.0
36.0
44.7
9.7

254.0
106.3
83.8
66.6
36.4
44.8
9.8

257.3
108.6
85.4
66.9
36.8
45.9
9.9

259.8
109.8
86.7
67.5
37.1
45.4
9.9

261.7
110.9
87.7
68.0
37.2
45.6
10.0

r 261.

' 109. 9
'86.9
'68.4
37.3
45.9
10.1

258.9
106.7
83.9
68.5
37.6
46.1
10. 1

Wage and salary disbursements, total
Commodity-producing industries, total
Manufacturing only
__
Distributive industries
Service industries
Government
Other labor income
Proprietors' income:
Business and professional
Farm

do
-do

32.4
14.1

32.6
14.2

32.8
14.3

33.2
14.2

33.1
14.1

33.4
14.2

33.5
13.5

33.7
13.2

34.0
12.9

34.3
12.2

34.5
12.0

34.7
12.1

'34.9
'11.9

34.9
11.2

Rental income of persons
Dividends
_
Personal interest income
Transfer payments
-- Less personal contributions for social insur

do
do
do
do
do

11.8
12.6
20.4
26.8
7.2

11.9
12.6
20.5
27.2
7.1

11.9
12.6
20.6
27.3
7.1

11.9
12.6
20.7
27.4
7.1

11.9
12.6
20.8
26.6
7.1

11.9
10.8
21.0
26. 3
7.1

12.0
12.7
21.1
26.1
8.1

12.0
12.8
21.3
26.4
8.1

12.0
12.8
21.6
26.6
8.2

12.0
12.9
21.8
26.9
8.3

12.0
13.0
22.0
26.4
8.3

12.0
13.1
22.2
26.4
8.4

12.0
•-13.2
22.4
'26.3
8.4

12.0
13.4
22.6
26.6
8.4

5

1
367.8 ' 368. 3 366.4
365.3
362.7
351.6
353.8
346.3
349.6
358.5
346.1
348.8
345. 7 i 344. 5
Total nonagricultural income
do
1
Revised.
Italicized total excludes and other foot noted figures incluc e lump-sLim retroac5tive salar y paymen ts to Fede ral emplo yees; disb ursement 3 (at seasonally adj listed ann ual rates)
T 1 QJ.fi- rcT
m-to.+
amounted to $3 6 billion in July and $0.2 billion in August. +~D
fRevised series. Estimates of national income and product and personal income have been revised back to 1946; revisions for
1946-55 appear on pp. 12 ff. of the July 1958 SURVEY and for 1956-April 1958 on pp. 10 ft of the July 1959 SURVEY, o*Includes inventory valuation adjustment. TFor data in constant dollars
and revised definitions for several components (also data back to 1950), see pp. 10 fl'. of the December 1958 SURVEY. 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.
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