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BUSINESS STATISTICS
J. HE DATA here are a continuation of the statistics published in the 1949 Statistical Supplement to the SURVEY OF CURRENT BUSINESS.
That volume contains monthly data for the years 1945 to 1948, 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 1945. Series added or revised since publication of the
1949 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.
Data subsequent to October for selected series will be found in the Weekly Supplement to the SURVEY.
Unless otherwise stated, statistics through
1948 and descriptive notes are shown in the
1949 Statistical Supplement to the Survey

1949

1948

October

Novem-

ber

Decem-

ber

January

Febru-

ary

March

April

May

June

July

August

Septem-

ber

October

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates:
National income, total
_ ._
bil. ofdol
Compensation of employees, total
do
Wages and salaries total
do
Private
do
Military
do
Government civilian _ _
do
Supplements to wages and salaries
do
Proprietors' and rental income total c?
do
Business and professional cf
_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
Inventorv valuation adjustment
do
Net interest
do

234. 3
144.9
139.8
119.6

226.3
142.5
137 5
117.2

223 .4
141.8
136 5
115.9

16.1

16.2

16.6

49 7
24.5
18.5

47 8
24.0
17.1

46 5
24.1
15.7

35.7
34.5
13.6
20.9

31.8
29.4
11.5
17.9

30.9
26.4
10.6
15.8

4.1

4.1

5.0

4.0

5.0

6.7

5.3

6.7

1.2
4.1

142 2
136 6
115 7
40
16 8
56
44 5
24 2
13 8
6 5

6.7

2.3
4.2

4.5
4.3

35

4.3

Gross national product, total
_do
Personal consumption expenditures, total do
Durable goods
do
Nondurable goods
do
Services
do
Gross private domestic investment . _do
New construction
do
Producers' durable equipment
_do
Change in business inventories
do
Net foreign investment
do
Government purchases of goods and services,
total
bil ofdol
Federal (less Government sales)
do
State and local
do

270.3
180.9
22.9
103.3
54.8
48.0
17.9
21.2

263.5
178.6
23.1
100 1
55.4
41.6
16 8
21.2
36

259.6
178 9
23.8
99 3
55.9
35.4
16 4
20.4
—1 4

256.3
178 5
25.8
96 5
56.2
35.0
17 3
20.1
—2 4

40.3
23.4
16.9

42 3
25.2
17.0

44 0
26.2
17.8

43 6
25.5
18. 1

Personal income total
Less* PersonaFtax and nontax payments
Equals* Disposable personal income
Personal saving §

216.6
20.4
196.2
15.3

213 7
18.8
194 9
16.3

212 5
18.7
193 8
14.8

210.6
18.8
191 9
13.3

9.0
1.0

do
do
do
do

1.2

1.0

—.8

PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
_
bil. of dol
Wage and salary receipts, total
do
Employer disbursements, total
do
Commodity- producing industries
do
Distributive industries.. _
do _ _
Service industries _ .
_do
Government
__
do _ _
Less employee contributions for social insurance
bil. of dol_.
Other labor income
do
Proprietors' and rental income
_do
Personal interest income and dividends, .do
Total transfer payments
do ...
Total nonagricultural income

do _

216.3
138.1
140.3
62.7
40.4
16.9
20.3

216.6
137.5
139.7
62.7
39.8
16.9
20.3

217.0
137.1
139.4
62.3
40.0
16.9
20.2

215.7
136.6
138.9
61.4
40.2
17.0
20.3

212.9
135.0
137. 3
60.6
39.5
16.9
20.3

212.4
133.5
135.8
58.9
39.4
17.1
20.4

212.5
134.7
136.8
58.6
40.5
17.1
20.6

213.1
135.0
137.2
58.3
41.1
17.3
20.5

211.9
133.9
136.2
58.1
40.3
17.1
20.7

209.7
134.2
136.4
57.8
40.5
17.2
20.9

211.4
134 4
136.6
58.2
40.5
17.1
20.8

2.2
2.0
49.0
16.8
10.4

2.2
2.0
49.8
16.9
10.4

2.3
2.0
50.3
16.9
10.7

2.3
2.0
49.0
17.0
11.1

2.3
2.1
47.2
17.1
11.5

2.3
2.1
47.3
17.1
12.4

2.1
2.1
46.3
17.2
12.2

2.2
2.1
46.7
17.3
12.0

2.3
2.2
46.5
17.2
12.1

2.2
2.1
44.2
17.1
12.1

2.2
2.2
45 2
17.3
12.3

192.9

192.8

193.6

192.6

191.7

191.4

192.3

192.6

191.5

191.2

192.2

'r 210. 5
134. 8
r
137. 0
58.5
r
40.4
T
17.1
r
21.0

208.4
133 1
135.3
56.8
39.8
17 4
21.3

2.2
2.2
43.8
'17.4
12.3

2.2
2.2
43 9
17. -5
11 7

r

r

193 1

T
r

4 360
1 690

NEW PLANT AND EQUIPMENT
EXPENDITURES
All industries, quarterly total
...
Manufacturing
Mining
_
Railroad
Other transportation
Electric and gas utilities
Commercial and miscellaneous

mil. ofdol
do
do
do
do
do
do

5,410
2 320

220
410
170
850

1,440

4,460
1 850

190
360
130
680

1,260

4,660
1,880

190
380
140
780

1,290

' Revised.
d" Includes inventory valuation adjustment.
§ Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
864941° -49

4




180

r
310
r
130
r

790
'1,260

190 6