Full text of The National Income and Product Account : Third Quarter 1960

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BUSINESS STATISTICS
JL HE STATISTICS here are u continuation of the data published in the 1959 edition of BUSINESS STATISTICS, biennial Statistical Supplement
to the SURVEY OF CURRENT BUSINESS. That volume (price $2.25) contains monthly (or quarterly) data for the years 1955 through 1958 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 1955. Series added or significantly revised since publication of the 1959 BUSINESS STATISTICS are indicated by an asterisk (*) and a
dagger (f), respectively; certain revisions for 1958 issued too late for inclusion in the aforementioned volume appear in the monthly SURVEY
beginning with the July 1959 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.
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
NovemDecemBUSINESS STATISTICS
October
ber
ber

1960

January

February

March

April

May

June

July

October
August September

November

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT t
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 civilian
Supplements to wages and salaries _

do
-do
- -do
do___
do
do__

402 8

414 4

419 4

419 3

281.6
261.5
215 6

290.2
268.7
222 1

297.2
274 9
226 0
10 1
38 8
22 3

36 1
20.1

36 7
21.5

9.9

295.0
273 1
225 5
10 0
37 6
21 9

Proprietors' income, totaled
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
Inventory valuation adjustment
do

46.3
35.1
11.2
12 5

46.0
35.4
10.6
12 5

48 1
36.0
12 1
12 5

48 3
36.1
12 2
12 5

45.5
44.8
22.1
22.7

48.0
48.8
23.8
25.0

.7

3
7
3
4

42 2
41.5
20 3
21 3

-.8

45
45
22
23

—.4

.7

Net interest _ _

16.9

17.8

18 5

19 1

._

do__

Gross national product, total.

9.8

do

486.4

501.3

505 0

503 5

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

do
do
do
do

319.6
43.5
149.6
126.6

323.3
44.2
150.5
128 6

329.0
44 5
153 5
130 9

328.3
42 7
152 7
132 9

Gross private domestic investment, total
New construction
Producers' durable equipment
C hange in business inventories

do_ __
do
do
do _ _ _

70.8
39.4
26.8

79.3
40 8
27.1
11 4

75
40
29
5

5
7
5
3

70 8
40 5
29 7

Net exports of goods and services
do
Exports.. _
do__ .
Imports
do
Government purchases of goods and services, total
bil. of dol..
Federal (less Government sales)
do
National defense 9do
State and local
do

-.4

Personal income, total
Less: Personal tax and nontax payments
Equals: Disposable personal income

do
do
do ...

Personal saving§

do

4.7

g

23.5
23.9

25 2
23.9

1.2

20
26 4
24 4

37
27 3
23 5

96.4
52.5
45.5
43.9

97.5
51.8
44.9
45.7

98 6
51.7
44 7
46 9

100 7
52 7
45 1
48 0

389.0
46.5
342.4

396.2
49.2
347.0

404 2
50.0
354.1

408 0
50 5
357 5

22.8

23.7

25 2

29 2

429.1

440.5

442.2

438.0

292.8
41.1
140.5
111.2

294.8
41.8
141.1
112.0

298 3
41 9
143.2
113 3

296 9
40 2
142.3
114 4

59.4
33.4
22.2

66.2
34.0
22.4

62.8
33.8
24 2

58 6
33 6
24 4

GNP in constant (1954) dollars
Gross national product, total

bil. of dol_.

Personal consumption expenditures, total _ do
Durable goods
do
Nondurable goods
do
Services
do__
Gross private domestic investment, total
New construction
_
Producers' durable equipment
Change in business inventories

do
do
do._.
do

Net exports of goods and services

do

Government purchases of goods and services, total
bil. of dol. Federal
do
State and local
do

3.8

-1.5

9.8
-.1

4.8

6

.7

22

78.5
42.3
36.2

79.6
80 3
80 3
41.8
41 8
41 2
37.8
38.6
39.1
r
Revised.
tRevised series. Estimates of national income and product and personal income have been revised back to 1957; revisions prior to the 2d quarter 1959 (and prior to May
1959 for personal income) appear on pp. 8 ff. of the July 1960 SURVEY.
concludes 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.




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