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SUEVEY OF CURRENT BUSINESS

6

September 1972

NATIONAL INCOME AND PRODUCT TABLES
1972

1971
1970

1971

I

II

III

IV

I

1971
II

1970

1971

I

II

Seasonally adjusted at annual rates

1972

III

IV

I

II

Seasonally adjusted at annual rates

Billions of current dollars

Billions of 1958 dollars

Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross national product

731 9

737 9

742 5

754 5

766. 5

783.9

664 9

648 0

660 4

670 7

680 5

696 1

713 4

722 1
477 o

741 7

616 8

495 4

488 2

493 0

497 4

503 2

511 0

520 9

90.5
264.4
261 8

103 5
278.1
283 3

99.8
273.4
274 8

101.9
277.2
281 3

106 1
278.5
286 1

106.1
283.4
290 9

111 0
288.3
296 7

113 9
297.2
302 4

83.1
207.0
186 8

92 1
211.1
192 2

88.8
210.0
189 3

90.0
211.2
191.8

94.2
210.5
192 8

95.4
212.8
195 0

98.6
214.7
197.7

100.7
220.1
200.0

Gross private domestic investmentFixed investment

137.1
132 2

152 0
148 3

143.9
139 0

153.0
146 4

152.2
150 9

158.8
157 2

168.1
167 7

177.0
172 0

104.0
99 9

108. 6
105 9

105.0
101 2

110.0
104.7

107.3
106 6

112.0
111.3

116.6
116.3

122.0
118.0

Nonresidential
Structures
Producers' durable equipment

100.9
36 0
64.9

105. 8
38 4
67.4

101.9
37 6
64.3

105.0
38 3
66.7

106.3
38 7
67.6

109. 8
38 8
71.0

116.1
41 3
74.8

119.2
42 0
77.2

77.6
23 6
54.0

76.8
22 8
54.0

75.3
23 4
51.9

76.4
23 0
53.3

76.4
22 5
53.9

79.2
22.2
57.0

82.2
23.0
59.2

83.6
23.0
60.6

31.2
30 7
.5

42 6
42 0
6

37.0
36 6
5

41.4
40 9
5

44.5
43 9
7

47.3
46 7
.6

51.6
51 0
6

52.8
52.1
.6

22.3
22 0
.4

29.1
28 7
.4

25.9
25 5
.3

28.3
28 0
.4

32.1
31.7
.4

34.2
33.8
.4

34.4
34.0
.4

49
48
.1

49
39
9

13
— 2
16
4

4
.1
.3

5.0
4.3
.7

41
4.0
.0

5.3
4.0
1.3

.7
-.1
.8

.3
-.1
.3

3.9
3.4
.5

—2 1

—4 6

-5.2

22

26
1.6
1.1
1

38
3.0
.8

4 5

66
51
1.5
1

17
g
.9

36

36
24
12
7

30.1
29 7
.5
.7
-.6
1.3

2.7

—.7

.1

—1.8

-3.3

-2.8

62 9
59 3

66 1
65 4

66 3
61 8

66 7
66 6

68 5
68 2

63 0
65.1

70 7
75 3

70.0
75.2

52 2
50.0

52 6
52.5

53 0
50.3

53.0
53.8

54.4
54.3

49.9
51.7

55.5
58.9

54.2
57.0

219.0

232.8

227.0

229.5

233.6

240.9

249.4

254.1

139.0

137. 6

136.1

135.7

137.6

141.1

142.2

143.9

96.5
76 1
21.5

97.8
71 4
26 3

96.2
72 5
23 7

96.3
71 2
25.0

97.9
70 1
27 8

100.7
71 9
28 7

105.7
76 7
28 9

108.1
78.6
29.6

64.7

60.8

60.2

59.7

61.0

62.3

62.8

63.7

122.5

135.0

130.8

133.3

135.7

140.2

143.7

146 0

74.3

76.8

75.9

76.0

76.7

78.8

79.4

80.3

754.5

766.5

783.

753.8
.7

766.3
.3

780.
3.

976 4 1 050 4 1 023 4 1 043 0 1 056 9 1 078 11 109 11 139 4

Personal consumption expenditures
Durable goods
Nondurable goods
Services

Residential structures
Nonfarm
Farm...
Change in business inventories
Nonfarm _
Farm...
_
_
Net exports of goods and services
Exports
ImportsGovernment purchases of goods and services
Federal
National defense
Other.. .
State and local.

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product

976.4 1,050.4 1,023.4 1,043.0 1,056.9 1,078.1 1,109 1 1 139 4

Final sales
Change in business inventories

971 5 1 046 7 1 018 5 1 036 4 1 055 6 1 076 4 1 108 6 1 134 4
4.9
6.6
1.3
.4
5.0
3.6
4.9
1.7

722.1
718 0
4.1

741.7
739 1
2.6

731.9
728 1
3.8

737.9
732.6
5.3

742.5
741.7
.7

471 9

495 5

487 1

492 4

497 5

504 8

517 6

537 1

385 8

393 8

389 4

391.0

394.5

400.4

407,0

420.

Final sales
Change in business inventories

467.0
4.9

491 8
3.6

482.2
4.9

485.8
6.6

496.2
1.3

503 1
1.7

517 2
.4

532. 1
5.0

381. 7
4.1

391.2
2.6

385. 6
3.8

385.7
5.3

393.7
.7

399.7
.7

406.8
.3

416.
3.

Durable goods
Final sales...
Change in business inventories

184. 9
183.0
1.9

195 7
194 6
1.1

193 3
189 6
3.7

194.5
191 0
3.6

196 7
197 7
—1.0

198 2
200 1
—1.9

209 2
208 8
.4

217.6
214.6
3.0

160 0
158 6
1.4

164 5
163 8
.6

162.7
159. 8
2.9

162.8
160.0
2.8

164.9
166.0
-1.1

167.4
169.5
-2.1

175.0
174.8
.3

181.

Nondurable goods. _
Final sales
Change in business inventories _ _ _ _

287.0
284.0
3.0

299 8
297.3
2.5

293 8
292.6
1.2

297.9
294. 8
3.1

300 8
298.5
2.3

306 6
303.0
3.5

308 4
308.4
.0

319.6
317.5
2.1

225.8
223.2
2.6

229.4
227.3
2.0

226.6
225.8
.9

228.3
225. 7
2.6

229.5
227.7
1.9

233.0
230.2
2.8

232.0
232.0
.0

239.
237.
1.

409 2

443 9

431 3

441.1

446 7

456 3

467 3

477 3

272.5

278.4

274.8

278.2

278.4

282.3

285.2

289.

95.4

111 0

105 0

109 5

112 7

117 0

124 2

125 0

63 8

69.5

67.7

68.8

69.6

71.8

74.3

74.

Goods output

Services

_ _

Structures.--

_

_

179.
2.

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
Private
Business
Nonfarm
Farm
Households and institutions
Best of the world
General government

976.4. 1,050.4 1,023.4 1,043.0 1,056.9 1,078.1 1,109.1 1,139.4

722.1

741.7

731.9

737.9

742.5

754.5

766.5

783.9

976.6 1,005.0

661.3

681.0

671.3

677,5

681.7

693.7

705.6

723.0

861.8

925.6

901.4

919.3

931.4

950.2

826 3
797.3
28 9

884 7
853 9
30 9

862 7
832 8
29 9

878 7
848 5
30 2

890 9
859 6
31 2

906 6
874 5
32 1

933 7
901 8
31 9

960 8
928.2
32.6

640 7
616 0
24 7

658 5
633 0
25 5

649.7
623.9
25.8

654. 8
629.3
25.4

659.8
633.9
25.9

669.8
644.8
25.0

682.9
659.2
23.8

700.1
676.4
23.8

30.9

33.9

33.0

33.2

34.3

35.1

36.0

37.3

16.7

16.9

16.9

16.7

16.9

17.1

17.4

17.7

5.0

6.8

5.4

5.2

60.8

60.8

60.9

60.9

46
114 7

69
124 8

57
122 1

74
123 7

62
125 5

85
127 9

6.9

68
132 5

134 4

4.0
60 7

5.6
60 7

4.7

60.6

6.0

60.5

HISTORICAL STATISTICS
National income and product data for 1929-63 are in The National Income and Product Accounts of the United States, 1929-1965,
Statistical Tables (available at $1 from Commerce Department Field Offices or the Superintendent of Documents; see addresses inside
front cover). Each July SURVEY contains preliminary data for the latest 2 years and final data for the preceding 2. The July 1972 issue has
data for 1968-71. BEA will provide on request a reprint of final data for the years 1964-67. Prior July issues have final data as follows:
1964-65, July 1968; 1965-66, July 1969; 1966-67, July 1970; 1967-68, July 1971.




CURRENT BUSINESS STATISTICS

JLHE STATISTICS here update series published in the 1971 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CUBEENT BUSINESS. That volume (available from the Superintendent of Documents for $3.00) provides a description of each series, references
to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1967 through 1970 (1960-70 for major quarterly
series), annually, 1947-70; for selected series, monthly or quarterly, 1947-70 (where available). Series added or significantly revised after the 1971
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1970 issued too late for
inclusion in the 1971 volume appear in the monthly SURVEY beginning with the September 1971 issue. Also, unless otherwise noted, revised monthly
data for periods not shown herein corresponding to revised annual data are available upon request.
The sources of the data are given in the 1971 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 189-90.
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.
1969

Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS

1969

| 1970 | 1971
II

Annual total

III

1971

1970

IV

I

II

III

IV

I

II

1972

III

i | n

| IV

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
Gross national product, totalf.--

bil.$__

Personal consumption expenditures, total

_do

Durable goods, total 9
.. do
Automobiles and parts
do___
Furniture and household equipment
do
Nondurable goods, total 9
Clothing and shoes
Food and beverages
Gasoline and oil
Services total 9
Household operation
Housing
Transportation

,.

...do _
do
do
. do _

_ _ _

-

do
do
_do
do

~
-_ . - __-_

1,109.1 1,139.4

930.3

976.4 1,050.4

923.5

941.7

948.9

958.0

971.7

986.3

989.7 1,023.4 1,043.0

579.5

616.8

664.9

575.8

583.7

594.4

604.1

613.4

623.0

626.5

648.0

660. 4

670.7

680.5

696.1

713.4

90.8

40.2
37.1

90.5
37.3
39.0

103.5
46.7
42.0

91.0
39.8
37.5

90.6
40.2
37.1

91.4
40.6
37.5

90.2
37.8
38.7

91.6
39.2
38.8

92.6
39.4
38.8

87.5
33.0
39.6

99.8
44.9
41.0

101.9
45.4
41.4

106.1
48.8
41.9

106.1
47.9
43,5

111.0
49.9
46.5

113.9
51.3
46.8

245. 9
50.2
120.6
20.9

264.4
52.0
132.1
22.2

278.1
56 9
136 4
23.5

245. 1
60 4
120 2
20.7

247.3
50 7
120 8
21 2

251.1
51 1
122. 6
21.5

257.8
51 1
128 0
21 8

262.4
51.8
131. 2
22.0

266.3
51 7
133 9
22 3

271.3
53 6
135. 2
22.8

273.4
55 1
135 1
23.0

277.2
56 7
135 9
23.0

278. 5
57.4
136.6
23.5

283.4
58 5
137. 9
24.3

288 ^
59 4
140.3
24.6

297.2
61 5
144.1
24.5

242.7
33.8
84.1
16.6

261.8
36.3
90.9
18.2

283 3
39 6
99.2
19.9

239 6
33 0
83.1
16.5

245 8
34 0
85 0
16.8

251 9
35 1
87.2
17.1

256 1
35 3
88 7
17.7

259 4
35.9
90.1
18.0

264 1
36 9
91 4
18 5

267 7
37.2
93.4
18.8

274.8
38.0
95.8
19.3

281 3
39 1
98.1
19.8

286.1
40.0
100.3
20.2

290 9
40.7
102.5
20.4

296.7
41.2
104.2
21.0

302.4
42.7
106.1
21.5

1,056.9 1,078.1

do

139.0

137.1

152.0

138. 6

143.8

137.9

132.9

137.7

139. 9

137.8

143.9

153.0

152.2

158.8

168.1

177.0

-do
do
do
-do
do
do
do
do

131.1
98.5
34.2
64.3
32.6
32.0
7.8
7.7

132.2
100.9
36.0
64.9
31.2
30.7
4.9
48

148.3
105.8
38.4
67.4
42.6
42 0
3.6
2 4

130. 4
96.9
33 4
63 5
33.5
33 1
81
80

133 2
100.2
35 4
64 8
33 0
32 0
10 6
10 6

132. 3
101.4
35 8
65.7
30.9
30 5
55
5 4

131. 4
100.2
35 5
64 8
31 2
30 6
15
14

131.4
101.7
36 1
65.6
29.7
29 4
63
62

133 7
103.4
36 2
67 2
30 3
29 9
62
61

132.1
98.5
36.3
62. 1
33.6
33 0
5.7
56

139.0
101.9
37.6
64.3
37.0
36 6
4.9
39

146.4
105.0
38 3
66 7
41.4
40 9
66
51

150.9
106.3
38.7
67.6
44.5
43 9
13
— 2

157.2
109.8
38.8
71.0
47.3
46.7
1.7
g

167.7
116.1
41.3
74.8
61.6
51.0
.4
1

172.0
119.2
42.0
77.2
52.8
52.1
5.0
4.3

do
do
do

1.9
55.5
53.6

3.6
62.9
59.3

.7
66.1
65 4

1.1
56 8
55 8

2.6
58 1
55 5

2.7
59 2
56 5

3.6
61 5
57 9

3.9
63 0
59 2

4.0
63 7
59 8

0
2 .o
63.2
60 4

4.5
66.3
61 8

.1
66 7
66 6

.4
68 5
68 2

-2.1
63.0
65 1

-4.6
70.7
75 3

—5.2
70.0
75.2

Govt. purchases of goods and services, total. .do
Federal.
do
National defense
._
do. .
State and local
do

210.0
98.8
78.4
111.2

219.0
96.5
75.1
122 5

232.8
97 8
71.4
135 0

208. 1
97 6
77 3
110 4

211. 6
99 3
79 4
112 3

214.0
99 4
78.9
114 6

217.3
99 7
78 9
117 6

216.7
96 2
74 7
120 5

219.5
95 2
73 8
124 3

222.6
95 0
72 9
127 6

227.0
96 2
72 5
130 8

229. 5
96 3
71 2
133 3

233.6
97 9
70 1
135 7

240.9
100 7
71.9
140 2

249.4
105 7
76.7
143 7

254.1
108.1
78.6
146.0

By major type of product:!
Final sales, total
Goods, total
Durable goods
Nondurable goods
Services
Structures
_

922. 5
449.7
182.3
267.4
377 9
94.9

971 5
467 0
183. 0
284 0
409 2
95 4

1 0467
491 8
194 6
297 3
443 9
111 0

915 4
447 1
180 3
266 8
372 4
95 9

931 1

183 0
268 8
383 2
96 1

943 4
458 0
184 7
273 3
391 9
93 4

956 4
462 3
184 4
277 8
400 6
93 5

965 5
467 3
185 2
282 1
405 1
93 1

980 2
472 7
187 4
285 2
412 2
95 3

984 1 1 018 5
465 6
482 2
189 6
174 8
292 6
290 7
418 7
431 3
99 3
105 0

1 076 4 1,108.6
503 1 517 2
200 1 208 8
308 4
303 0
467 3
456 3
124 2
117 0

1,134.4
532 1
214.6
317.5
477 3
125.0

7.8
50
2.8

4.9
19
30

3.6
1i
2 5

8.1
59
22

10.6
65
41

5.5
37
19

1.5
i n
g

6.3
16
47

6.2
60
2

.4
4
0

5.0
30
2.1

783.9

Gross private domestic investment, total
Fixed investment
Nonresidential . . _
Structures
Producers' durable equipment
Residential structures. _ Nonfarm
Change in business inventories
Nonfarm

-

•

Net exports of goods and services.Exports
_ _
_
Imports

.

d

.
__

Change in business inventories
Durable goods
Nondurable goods.
.

_

do _
o
do
do
do
do
do
do
do

451 8

5.7
g

66

4.9
37
12

1 036 4 1 055 6
496 2
485 8
197 7
191 0
294 8 298 5
441 1 446 7
112 7
109 5
6.6
36
31

1.3
10
23

1.7
—19
35

GNP in constant (195S) dollars t
Gross national product, totalf

bil. $..

725.6

722.1

741.7

725.8

729.2

725.1

720.4

723.2

726.8

718.0

731.9

737.9

742.5

754.5

766.5

do

469.1

477.0

495.4

469.3

469.5

472.2

474.1

476.9

480.2

476.5

488.2

493. 0

497.4

503.2

511. 0

520.9

85.6
201 3
182.2

83.1
207 0
186 8

92 1
211 1
192 2

86 0
202 0
181 3

85 0
201 2
183 3

85 4
201 5
185 2

83 8
204 4
185 9

84 7
206 0
186 2

84 9
207 7
187 6

78 9
209 9
187 8

88 8
210 0
189 3

90 0
211 2
191 8

94 2
210 5
192 8

95 4
212 8
195 0

98.6
214 7
197 7

100.7
220. 1
200. 0

do

110.5

104.0

108.6

110.8

114.0

107.4

102.0

105.6

106.2

102.2

105.0

110.0

107.3

112.0

116.6

122. 0

do
do
do
do

103 8
80 1
23 7
6.7

99
77
22
4

9
g
3
1

105 9
76 8
29 i
2 6

103
79
24
6

9
3
6
8

104 6
80 9
23 7
9 4

102 8
80 9
21 9
46

ifll • fl
70 o

101 3

22 2

g

100 0
78 9
21 1
56

97
73
23
4

4
6
9
8

101 2
75 3
25 9
38

104 7
76 4
28 3
53

106 6
76 4
30 1
7

111 3
79 2
32 1
7

116 3
82 2
34 2
3

118 0
83 6
34.4
3.9

do

.2

2.2

.1

-.6

.7

.8

1.9

2.0

2.9

1.9

2.7

-.7

.1

-1.8

-3.3

—2.8

145.9
139.0
137.6
146.3
145.1
73 5
64 7
60 8
73 9
72 3
72.4
74.3
76.8
72.4
72.7
r
Revised.
* Preliminary.
fRevised series. Estimates of national income and product
and personal income have been revised back to 1969 (see p. 16 ff. of the July 1972 SURVEY);

144.6
71 5

142.4
fio n

138.6
64 8

137. 5

137.3
62 1
7fi 1

136.1
60 2
7fl Q

135.7
59 7
7fi. 0

137.6
61 0

141.1
62 3
78.8

142.2
62 8
79.4

143.9
63 7
80.3

Personal consumption expenditures, total
Durable goods
Nondurable goods .
Services

_.

....

Gross private domestic investment, total
Fixed investment
Nonresidential..
Residential structures
Change in business inventories
Net exports of goods and services

do. .
do
do

Govt. purchases of goods and services, total, .do....
Federal
___
_
do
State and local.
.
do

73.1

73 fi

73 8

79 3
22 o
4 9

fi9 Q
74. fi

7fi. 7

revisions prior to May 1971 for personal income appear on pp. 25-26 of the July 1972 SURVEY.
9 Includes data not shown separately.

s-1
476-137 O - 72 - S 1




SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS

196ft

| 1970 | 1971

1970

1969

IV

Annual total

September 1972

I

II

1971

III

IV

I

II

1972

III

IV

I

II

III

IV

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT-Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income, totalf.
- . __bil. $.

766.0

798.6

855.7

781.0

787.5

796.7

806.3

804.1

834.5

851.4

860.8

628.6

639.6

876.2

903.1 ' 922. 1

do

566.0

603.8

644.1

585.2

594.3

600.7

609.0

611.2

648.0

660.4

682.7

697.8

Wages and salaries, total
do
Private
__ do
Military
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' income, total 9
- -- do
Business and professional 9
do
Farm
_ _ _
do
Rental income of persons
do

509.7
405.6
19.0
85.1
56.3
67.2
50.5
16.7
22.6

541.9
426.8
19.6
95.5
61.9
66.8
49.9
16.9
23.3

573.5
449.7
19.4
104.4
70.7
70.0
52.6
17.3
24.5

526.8
418.6
19.6
88.5
58.4
67.2
49.8
17.4
22.9

534.9
422.5
20.2
92.2
59.5
67.7
49.7
18.0
23.0

539.5
425.1
19.6
94.7
61.2
67.1
50.0
17.1
23.2

546.1
430.0
19.4
96.7
62.8
66.6
50.1
16.5
23.4

547.2
429.7
19.0
98.5
63.9
65.8
49.9
15.9
23.8

560.4
439.3
19.8
101.3
68.2
68.1
51.3
16.8
23.9

569.6
447.0
19.4
103.3
70.0
69.3
52.4
16.9
24.4

576.5
451.6
18.8
106.0
71.5
70.7
53.1
17.6
24.8

587.3
460.9
19.4
107.0
73.0
71.8
53.8
18.1
25.0

606.6
475.8
20.8
110.0
76.1
73.3
54.3
19.1
25.2

620.0
487.1
20.5
112.4
77.8
73.2
54.4
18.7
24.2

79.8

69.9

78.6

73.5

69.3

71.5

72.0

66.9

76.6

80.1

78.3

79.4

81.8

'86.1

14.0
57.5
29.9
17.0
13.0

15.0
57.0
28.9
17.2
11.7

16.1
50.8
22. 6
16.4
6.2

16.6
59.9
30.9
16.6
14.3

16.4
63.7
31.2
16.8
14.4

17.0
61.3
30.1
16.9
13.3

16.6
62.7
31.2
16.9
14.3

16.5
65.2
35.4
17.7
17.7

17.5
'68.5
37.0
17.6
19.4

Compensation of employees, total f

Corporate profits and inventory valuation adjustment, total ._ bil. $
By broad industry groups:
Financial institutions
do
Nonfinancial corporations, total
do
Manufacturing, total
do
Nondurable goods industries
do
Durable goods industries
do
Transportation, communication, and public
utilities
bil. $..
All other industries
- _
_ do

12.4
67.4
36.6
17.7
18.8

14.5
55.4
27.7
16.7
11.0

16.7
61.9
30.9
16.8
14.1

12.4
61.1
32.8
17.1
15.7

12.8
56.5
29.4
16.4
13.1

10.1
20.7

7.6
20.1

8.2
22.9

9.3
19.0

8.0
19.1

7.4
20.1

7.8
20.3

7.2
20.9

7.8
21.2

8.8
23.7

8.5
22.6

7.6
23.9

7.8
22.0

8.8
22.8

84.9
40.1
44.8
24.3
20.5
-5.1
30.5

74.3
34.1
40.2
24.8
15.4
-4.4
34.8

83.3
37.3
45.9
25.4
20.5
-4.7
38.5

80.5
38.4
42.1
24.7
17.4
-7.1
32.3

75.8
34.3
41.4
24.8
16.6
-6.4
33.2

75.2
34.6
40.6
24.7
15.8
-3.7
34.2

76.6
35.4
41.2
24.9
16.3
-4.6
35.3

69.6
32.2
37.4
24.7
12.7
-2.8
36.5

81.3
38.0
43.2
25.5
17.7
-4.7
37.3

84.5
38.6
45.8
25.4
20.4
-4.4
38.1

84.1
37.5
46.6
25.5
21.0
-5.8
39.1

83.2
35.3
48.0
25.2
22.7
-3.9
39.7

88.2
38.8
49.5
26.0
23.5
-6.5
40.1

'91.6
'40.1
'51.5
26.2
'25.3
-5.5
40.9

750.9
116.5
634.4
596.2
38.2

806. 3
116.7
689.5
634.7
54.9

861.4
117.0
744.4
683.4
60.9

774.3
118.2
656.1
611.6
44. 6

785.7
117.8
667.9
621.6
46.3

806.1
119.0
687.2
631.2
55.9

813.4
114.3
699.1
641.1
58.0

819.8
115.8
704.0
644.8
59.2

838.0
112.3
725.7
666.4
59.3

858.1
115.2
742.9
678.8
64.1

867.9
117.5
750.4
689.4
61.0

881.5
123.0
758.5
699.2
59.3

907.0
136.5
770.5
714.9
55.7

922.1
139.5
782.6
732.5
50.1

75.56
31. 68
15.96
15.72

79.71
31.95
15.80
16.15

81.21
29.99
14.15
15.84

21.46
9.12
4.59
4.53

17.47
7.14
3.59
3.56

20.33
8.15
4.08
4.07

20.26
7.99
3.87
4.12

21.66
8.66
4.26
4.40

17.68
6.69
3.11
3.58

20.60
7.55
3.52
4.03

20.14
7.31
3.40
3.91

22.79
8.44
4.12
4.32

19.38 '22.01 '122.56
6.61 '7.63 '8.15
'3.71 '4.00
3.29
3.32 '3.92 '4.15

125.16
9.27
4.69
4.58

43.88
1.86
1.86
2.51
1.68
11.61
8.94
2.67
8.30
16.05

47.76
1.89
1.78
3.03
1.23
13.14
10.65
2.49
10.10
16.59

51.22
2.16
1.67
1.88
1.38
15.30
12.86
2.44
10.77
18.05

12.34
.49
.55
.64
.44
3.23
2.61
.62
2.39
4.60

10.32
.45
.42
.73
.28
2.54
2.15
.39
2.14
3.76

12.18
.47
.47
.80
.31
3.28
2.59
.69
2.59
4.26

12.27
.46
.46
.74
.30
3.58
2.79
.78
2.56
4.16

12.99
.50
.43
.76
.33
3.74
3.12
.63
2.81
4.42

10.99
.49
.34
.34
.28
3.11
2.70
.41
2.50
3.94

13. 06
.54
.47
.60
.36
3.83
3.20
.63
2.81
4.44

12.83
.55
.42
.39
.37
4.07
3.35
.71
2.62
4.42

14.35
.59
.45
.56
.37
4.29
3.60
.69
2.84
5.26

12. 77
.58
.48
.50
.32
3.63
3.19
.44
2.72
4.55

'14.38 ' 14. 41
.61
'.60
'.48
'.43
'.58
'.73
'.37
'.39
'4.24 '4.50
'3.61 '3.62
'.62
'.84
2.95
'4.98 ' 2 7 . 9 2

15.89
.65
.43
.70
.30
4.96
4.11
.85

28.86

do
do
do
do

77.84
32.39
15.88
16.50

78.22
32.44
16.40
16.05

80.22
32.43
16.32
16.11

81.88
32.15
15.74
16.40

78.63
30.98
14.92
16.05

79.32
30.46
14. 21
16.25

81.61
30.12
14.06
16.06

80.75
29.19
13.76
15.43

83.18
30.35
14.61
15.74

86.79
30.09
15.06
15.02

r 87. 12 '190.38
' 30. 37 ' 32. 62
' 14. 77 '16.22
' 15. 60 '16.40

191.84
33.22
16.58
16.65

.do
do
do
do
do
do
do
do
do...
do

45. 46
1.85
1.94
2.80
1.63
11.80
9.36
2.44
8.76
16.67

45.78
1.92
1.74
2.94
1.37
12.14
9.77
2.37
9.14
16.52

47.79
1.84
1.88
2.88 ;
1.12
12.72
10.15
2.57
10.38
16.98

49.73
1.86
1.96
3.24
1.22
13.84
11.34
2.50
10.62
17.00

47.66
1.94
1.56
3.08
1.22
13.68
11.20
2.48
10.20
15.97

48.86
2.04
1.46
1.29
1.33
14.64
12.16
2.48
10.70
17.39

51.50
2.08
1.88
2.28
1 40
14.91
12.61
2.30
11.21
17.72

51.56
2.23
1.72
1.68
1.48
15.87
13.56
2.30
10.73
17.85

52.82
2.30
1.64
2.26
1.33
15.74
13.01
2.74
10.44
19.10

56. 70 '56.75
'2.38
2.42
2.10 '1.88
1.96 '2.89
1.48 '1.53
16.92 '16.60
14.27 ' 14. 32
'2.27
2.65
11.59
11.71
20.10 ' 19. 88

14,800
9,871

15,375
10,231

15,762
10,565

15,932
10,705

15,805
10,462

16,580
11,017

16,675
10,710

17,133
11,479

15,748
9,564

17,763 "17,347
11,809 "11, 463

336

273

441

329

436

510

516

474

423

Corporate profits before tax, total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Dividends
do
Undistributed profits.
do
Inventory valuation adjustment
do
Net interest
.
do. _.
DISPOSITION OF PERSONAL INCOME f
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
bil. $
Less: Personal tax and nontax payments
do
Equals: Disposable personal income
do _
Less: Personal outlays©
do
Equals: Personal saving§
_
. do _
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
Ml industries
bil. $
Manufacturing
do
Durable goods industries 1
do
Nondurable goods industries J
do
Nonmanufacturing _
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and other..
Seas. adj. qtrly. totals at annual rates:
All industries....
Manufacturing
Durable goods industries f .
Nondurable goods industries J . .
Nonmanufacturing
Mining
Railroad .
Air transportation
. .
Other transportation
Public utilities
Electric
Gas and other
Communication
Comniercial and other.

do
do
do
do
do
do
do
do
do.. .
do

U.S. BALANCE OF INTERNATIONAL
PAYMENTScf
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)..
_
mil. $. 55,502
Merchandise, adjusted, excl. military
do
36,417
Transfers under U.S. military agency sales contracts
_
mil. $.. 1,512
Receipts of income on U.S. investments
abroad
mil. $.. 10,539
Other services
do
7,034

62,870
41,963

66, 133
42,770

1,478

1,922

11,426
8,004

12,898
8,543

2,775
1,818

2,936
1,935

2,779
1,977

2,863
2,035

2,850
2,057

2,937
2,116

3,297
2,152

3,015
2,165

-53, 591 -59, 307 -65, 406 -14, 129 -14,477 -14, 795 -14, 943 -15, 093 -15,444 -16, 639 -17,042
-35, 796 -39, 799 -45,459 -9, 381 -9, 731 -9, 831 -9, 968 -10, 269 -10, 728 -11, 722 -11, 951
-4, 856 -4, 852 -4, 816 -1, 251 -1, 180 -1, 259 -1, 210 -1,203 -1, 175 -1, 214 -1, 198
Payments of income on foreign investments in the
U.S
mil.$__ -4, 564 -5, 167 -4, 903 -1, 315 -1, 344 -1, 322 -1, 284 -1, 217 -1, 139 -1, 106 -1, 304
Other services
do
-8,376 -9,491 -10,227 -2, 182 -2, 222 -2, 383 -2, 481 -2, 404 -2, 402 -2, 597 -2, 589

Imports of goods and services
Merchandise, adjusted, excl. military

do
do

Balance on goods and services, total...
do
898
671
1,911
727
3,563
500
Merchandise, adjusted, excl. military
do....
490
621
2,164 -2, 689
' Revised.
v preliminary.
1 Estimates (corrected for systematic biases) for JulySept, and Oct.-Dec. 1972 based on expected capital expenditures of business. Expected ex2
penditures for the year 1972 appear on p. 17 of the Sept. 1972 SURVEY.
Includes communication,
f See corresponding note on p. S-l.
9 Includes inventory valuation
adjustment.
® Personal outlays comprise personal consumption expenditures, interest




'334

' 57. 76
'2.46
'1.71
'2.57
' 1. 49
' 17. 36
' 14. 60
'2.75

58.61
2.52
1.56
2.59
1.10
18.36
15.03
3.32

'232.19 2 32. 49

*322

3,651 ' 3, 249 p3, 207
2,110 ' 2, 371 "2, 355

-16, 285 -18,937 -18,894
-11, 058 -13,482 -13,392
-1, 230 -1,218 -1,232

-1,356
-2, 641

-1,387 -1,397
-2,850 -2,873

-537 -1, 174 -1, 547
91
36
1,136
712
989
967
-472 -1,494 -1,673 -1,929
289 -1,012
193
737
734
i „
paid by consumers, and personal transfer payments to foreigners.
§ Personal saving is

industries components appear in the
Mar., June, Sept., and Dec. issues of the SURVEY. < cfMore complete details appear in the
quarterly reviews in the Mar., June, Sept., and Dec. issues of the SURVEY.

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