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SURVEY OF CURRENT BUSINESS

December 1969

NATIONAL INCOME AND PRODUCT TABLES
1968
1967

1968

II

III

1969
IV

I

1968
III

II

1967

1968

II

Seasonally adjusted at annual rates

III

1969

IV

I

II

III

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)
--

-- - --

Durable goods
Nondurable goods
Services

- -

858.7

876.4

892.5

908.7

924.8

942.8

674.6

707.6

705.8

712.8

718.5

723.1

726.7

730.6

536.6

530.3

544.9

550.7

562.0

572.8

579.8

430.3

452.6

449.0

458.2

457.6

462.9

466.2

466.5

73.0
215.1
204.2

83.3
230.6
222.8

81 8
228.5
220.0

85.8
233.3
225.8

86.3
234.3
230.1

88 4
238.6
235.0

90 6
242.1
240.1

89 8
245. 1
244.9

72 8
190 3
167.2

80 7
196.9
175.0

79.5
195.8
173.7

83 0
198.7
176.5

82.7
197.2
177.7

84.3
199.3
179.3

85 9
199 3
181 0

84 7
199.3
182.5

116.0

Nonresidential _
_. _Structures
Producers' durable equipment
Hesidential structures
Nonfann
Farm

__

_

_ _

-

Change in business inventories
Nonfarm
Farm

_

126.3

126.6

125.2

133.9

135.2

137.4

143.3

100.8

105.7

106.6

104.1

110.9

109.9

110.8

114.3

119.0

116 7

118.0

123.4

128 6

130 5

132 5

93 9

99 1

97.6

97 7

101.4

104.0

104 8

105.0

83.7
27 9
55.7

88.8
29 3
59.5

86.4
28 3
58.1

88.1
29.0
59.1

91.5
30.1
61.4

95.3
32 3
63.0

97.8
32 1
65.7

101.1
34 7
66.4

73.6
22 6
51.0

75.8
22 7
53.2

74.0
22.0
52.0

75.0
22 2
52.7

77.3
22.9
54.4

79.4
23.9
55.5

81.0
23 3
57 7

82.4
24.6
57.8

25 0
24.4
6

Fixed investment

30.2
29.6
5

30 3
29 7
6

29.9
29.4
5

31.9
31.4
5

33 3
32.8
5

32 7
32.2
5

31 4
30.9
5

20 3
19 8
5

23 3
22.8
4

23.5
23.1
4

22.7
22.3
4

24.1
23.7
.4

24.6
24.2
.4

23 8
23.4
4

22.6
22.2
.4

7.4
68
.6

7.3
7 4
—.1

9.9
10 3
—.4

7.2
7.5
-.3

10.5
10.7
—.2

6.6
66
.0

6.9
67
.2

10.7
10 3
4

6.9
63
6

6.6
67
—.1

9.0
9.4
-.3

6.4
67
-.3

9.6
9.8
-.2

5.9
5.9
.0

6.0
58
.2

9.3
8.9
.4

5.2

.

_

State and local

3.4

3.6

1.2

1.5

1.6

2.7

3.6

.9

1.3

1.7

-.2

-.3

-.5

.4

50 6
48.1

50 7
47 3

53 4
49.7

50 6
49.4

47 6
46.1

57 1
55 5

57 8
55 2

42 1
38 5

45 6
44.7

45.2
43.9

48 0
46.3

45.5
45.7

41.9
42.2

50.4
50.8

50.2
49.8

180.1

200.3

198.4

202.5

206.7

210.0

212.9

217.0

140.0

148.4

148.9

148.8

150.2

150.6

150.2

149.4

90 7
72.4
18 4

99 5
78.0
21 5

99 0
77 9
21 1

100 9
78.8
22 1

101 9
79.3
22 5

101 6
79 0
22 6

100 6
78 5
22 1

103 2
80 3
22 9

74 8

78 9

79 6

79 2

79.4

78.3

76.3

75.5

89 3

_-

Government purchases of goods and services _

2.5

46 2
41.0

Net exports of foods and services _ . _

Federal
National defense
Other

865.7

108 6

Gross private domestic investment

Exports
Imports

793.5
492.3

Gross national product- _
Personal consumption expenditures

100 7

99 4

101 7

104 8

108 5

112 3

113 8

65 2

69 5

69 3

69 6

70.8

72.3

73 9

73.9

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
793.5

858.7

876.4

892.5

908.7

924 8

942.8

674.6

707.6

705.8

712.8

718.5

723.1

726.7

730.6

858 4
7 3

848 8
99

869 2
7 2

882 0
10 5

902 1
66

917 9
69

932 0
10 7

667 7
69

701 0
66

696 8
9 0

706 3
64

709.0
9.6

717.2
5.9

720.7
6.0

721.3
9.3

398 4

Goods output.

8«T

786 2
7 4

Gross national product
Final salesChange in business inventories

431 1 429 2

437 0

443 5

447 9

465 9

362 7

381 3

380.8

385.5

388.2

389.1

391.6

395.9

455 2
10 7

355 7
69

374 7
66

371 7
9 0

379 1
64

378.7
9.6

383.2
5.9

385.7
6.0

386.6
9.3

Final sales
Change in business inventories .

391 0
7 4

423 7
7 3

419 3
99

429 9
7 2

433 0
10 5

441 3
66

456 5
449 g
69

Durable goods
__ _
Final salesChange in business inventories. .

160 9
157 0
39

176 7
171 4
53

175 7
168 9
68

178 8
173 7
51

184 0
176 6
7 4

186 4
181 6
48

190 3
185 5
49

195 4
187 8
76

152 0
148 5
35

162 8
158 0
47

162 3
156 2
61

164 5
159 9
4 5

167.8
161 2
6.5

169.0
164.8
4.2

171.4
167.3
4.1

174.7
168.1
6.6

Nondurable goods
Final sales. .
Change in business inventories

237 5
234 1
35

254 4
252 3
2o

253 5
250 4
31

258 3
256 1
2i

259 5
256 4
31

261 5
259 7
18

266 2
254 \
2i

270 5
267 4
31

210 7
207 3
34

218 6
216 7
19

218 4
215 5
29

221 1 220.5
219 2 217 5
30
19

220.2
218.4
1.7

220.2
218 4
19

221.2
218.5
2.7

316 7

347 5

343 4

353 2

358 5

365 8

373 4

381 6

249 1

259 9

258 9

262 4

262.7

264.6

267.0

267.6

78 4

87 1

86 0

86 1

90 6

94 9

94 8

95 3

62 9

66 4

66 2

64 8

67.5

69.3

68.0

67.1

Services
Structures

_

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product

924 8

942.8

674.6

707.6

705.8

712.8

718.5

723.1

726.7

730.6

794 0

808 5

822 7

836 5

617 0

647 9

646 1

652 6

658 3

662.6

665.8

669.4

749 3
724 1
25 2

763 1
738 4
24 7

776 7
751 1
25 7

790 5
763 0
27 6

803 6
775 9
27 7

597 3
573 5
23 7

627 5
604 2
23 3

625 3
602 3
23 0

632 1
608 8
23 4

637 5
614 6
22.9

641.5
617.8
23.7

644.8
621.1
23.7

648.2
624.1
24.1

25 2

25 4

25 0

26 0

27 2

28 3

28 9

15 4

15 9

16 1

15 7

16.2

16.8

17.2

17.4

4 7

4 9

4 9

4 9

4 5

39

41

4 3

4 5

4 7

4 7

4.6

4.3

3.7

3.9

95 2

93 8

97 1

98 5

100 2 102 1

106 2

57 6

59 7

59 8

60 2

60.2

60.5

60.9

61.1

740 6
715 7
24 9

4 5

_

876.4

764
734
709
24

22 7

Rest of the world.

858.7

770-5

681 0
656 6
24 4

Households and institutions




908 7

779 2

865.7

708 2

Business
Nonfarm
Farm

General government

892.5

9
g
8
8

793.5

Private

85 3

CURRENT BUSINESS STATISTICS

J.HE STATISTICS here update series published in the 1967 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.50) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1963 through 1966 (1956-66 for major quarterly series), annually, 1939-66; for selected series,
monthly or quarterly, 1947-66 (where available). Series added or significantly revised after the 1967 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (|), respectively; certain revisions for 1966 issued too late for inclusion in the 1967 volume appear in the monthly
SURVEY beginning with the September 1967 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
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.
1966

Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS

1966

1967 | 1968
III

Annual total

i | n

1969

1968

1967

| IV

III

IV

I

|

III

II

IV

I

11

|

III

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT

749 9

793 5

865 7

755 9

770 7

774 2

783 5

800 4

816 1

835 3

858 7

876 4

892 5

908 7

924.8

942.8

Personal consumption expenditures, total. . do

466.3

492.3

536.6

471.2

474.5

480.9

489.8

495.7

502.6

520 6

530 3

544 9

550.7

562 0

572.8

579.8

Durable goods, total 9 - - do
Automobiles and parts
do
Furniture and household equipment . do

70.8
30 3
29.9

73 0
30 5
31 3

83.3
37 0
34.2

71 3
30 2
30 6

71.9
30 5
30.7

70 0
28 4
30 7

73.5
31 3
31.2

73.3
30 9
31.2

75 2
31 2
32 2

79 5
34 8
33 4

81 8
35 6
33 8

85 8
38 6
35 0

86 3
39 0
34 6

88 4
39 4
35 5

90.6
40.0
36.8

89.8
40 8
35.8

do
. do
do
_ _ do

206 9
40.3
105 8
16.6

215 1
42.5
108 1
17 7

230 6
46.3
115 0
19.1

209 6
41.1
106 7
16 7

209.1
40.9
105 6
17.0

213 2
41.7
107 8
17.3

214.4
42.6
107 6
17.5

215 8
42.9
108 1
17.9

216 8
42.7
108 9
18 1

226 1
45 0
112 6
18 9

228 5
45 6
114 8
18 8

233 3
47 4
116 1
19 5

234 3
47 3
116 4
19 5

238 6
48 1
118 4
20 4

242.1
50.0
119.1
21.0

245.1
50.8
119 9
21 8

do
do_
do
.do

188.6
27.1
67.5
13.6

204 2
29.1
71 8
14.7

222 8
31.2
77 4
16.1

190 2
27.6
67 9
13.6

193.5
27.9
69.0
14.1

197 7
28.2
70 1
14.4

201.8
29.0
71.1
14.5

206.6
29.3
72 3
14.8

210 6
30.1
73 7
15.0

215 1
30 5
75 2
15 5

220 0
30 7
76 7
15 9

225 8
31 6
77 9
16 3

230 1
31 9
79 8
16 5

235 0
32 7
81 3
17 1

240.1
33.1
82.8
17.3

244 9
33.9
84 4
17 7

Gross national product total f

Nondurable goods, total 9
Clothing and shoes
Food and beverages
Gasoline and oil

bil $

__
_

Services, total 9—
.
Household operation
Housing
.
Transportation
Gross private domestic investment, total

do

121.4

116.0

126.3

119.6

126.2

113.6

109.4

117.7

123.3

119.4

126.6

125.2

133.9

135.2

137.4

143.3

106.6
81.6
28 5
53.1
25.0
24.5
14.8
15.0

108.6
83.7
27 9
55 7
25.0
24 4
7.4
68

119.0
88.8
29 3
59 5
30.2
29 6
7.3
74

107.7
83.0
29 0
54 0
24.7
24 2
11.9
12 4

106.3
84.2
28 2
56.0
22.1
21.5
19.9
20.4

104.7
83.3
29 0
54.2
21.4
20.9
9.0
91

106.1
83.0
27 2
55.8
23.1
22.5
3.4
3.0

109.9
83.5
27 8
55.7
26.5
25.9
7.8
70

113.8
85.0
27 8
57 2
28.8
28 3
9.5
80

117.7
89 1
29 8
59 4
28.6
28 0
1.6
13

116.7
86 4
28 3
58 1
30.3
29 7
99
10 3

118.0
88 1
29 o
59 1
29 9
29 4
7 2
75

123.4
91 5
30 1
61 4
31 9
31 4
10 5
10 7

128 6
95 3
32 3
63 0
33 3
32 8
66
66

130.5
97.8
32 1
65.7
32.7
32 2
6.9
6 7

132.5
101 1
34 7
66 4
31 4
30 9
10 7
10 3

5.3
43.4
38.1

5.2
46 2
41.0

2.5
50 6
48.1

4.4
43 7
39.3

4.9
44.8
39.9

5.4
45.8
40.4

5.8
45.9
40.1

5.6
46.3
40.7

3.8
46 7
42.8

1.9
47 7
45.9

3.4
50 7
47 3

3.6
53 4
49 7

1.2
50 6
49 4

1.5
47 6
46 1

1.6
57 1
55.5

2.7
57 8
55 2

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

156.8
77 8
60.7
79 0

180.1
90 7
72.4
89 3

200.3
99 5
78.0
100 7

160.7
80 5
63.3
80 1

165.2
82.1
65.6
83 0

174.2
87 8
69.9
86 4

178.5
90 3
71.9
88 1

181.3
91 3
73.0
90 0

186.4
93 5
74.6
92 9

193.4
96 3
76 1
97 1

198.4
99 0
77 9
99 4

202.5
100 9
78 8
101 7

206.7
101 9
79 3
104 8

210.0
101 6
79 0
108 5

212.9
100 6
78 5
112 3

217.0
103 2
80 3
113 8

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

do
do
do
do
do
.do

735.1
368.5
146.2
222.3
289 1
77.5

786 2
391.0
157 0
234 1
316 7
78.4

858 4
423.7
171 4
252 3
347 5
87 1

744 0
373.4
148 1
225 3
293 2
77 4

750.8
377.2
151.8
225.4
298 4
75.3

765 2
382.5
151 9
230 7
306 4
76 3

780.2
392.5
158 3
234.2
312 0
75.6

792 6
393.3
157 7
235 5
320 1
79 3

806 6
395.8
160 0
235 9
328 4
82 4

833 6
412 8
166 4
246 5
335 0
85 8

848 8
419 3
168 9
250 4
343 4
86 0

869 2
429 9
173 7
256 1
353 2
86 1

882 0
433 0
176 6
256 4
358 5
90 6

902 1
441 3
181 6
259 7
365 8
94 9

917 9
449 6
185 5
264 1
373 4
94 8

932 0
455 2
187 8
267 4
381 6
95 3

do
do
do

14.8
10.5
4.3

7.4
39
3.5

7.3
53
2.0

11.9
10 2
1.7

19.9
13.2
6.7

9.0
4 2
4.7

3.4
1.5
1.8

7.8
44
3.4

9.5
56
3.9

1.6
19
-.3

99
68
3.1

72
51
2.1

10 5
74
3.1

66
48
1.8

6 9
4 9
2.1

10 7
7 6
3.1

Fixed investment
Nonresident ial
_
Structures
Producers' durable equipment
Residential structures
Nonfarm
.
Change in business inventories
Nonfarm..
_

do...,.
do
do
do
do.
do
do.
do

_

Net exports of goods and services
Exports
.
Imports

do
do
do.

_

Change in business inventories
Durable goods
...
Nondurable goods
_
GNP in constant (1958) dollars
Gross national product, total t

bil. $_. 658.1

674.6

707.6

660.2

668.1

666.5

670.5

678.0

683.5

693.3

705.8

712.8

718.5

723.1

726.7

730.6

418.1

430 3

452 6

421 3

420.7

424 4

430.5

431.9

434 3

445 6

449 0

458 2

457 6

462 9

466 2

466 5

do
do
do

71.7
187 0
159 4

72.8
190 3
167 2

80 7
196 9
175 0

72 3
188 7
160 2

72.3
187 0
161 5

70 3
190 2
163 9

73.9
190 6
166 1

73.0
190 3
168 6

73 9
190 2
170 3

77 7
196 0
171 8

79 5
195 8
173 7

83 0
198 7
176 5

82 7
197 2
177 7

84 3
199 3
179 3

85 9
199 3
181 0

84 7
1QQ ^
189 ^

do.

110 9

109 9

110 8

114 3

101
77
24
9

104 0
79 4
24 6
59
_ 3

104
81
23
6

105 0

Personal consumption expenditures, total . .do
Durable goods
Nondurable goods
Services
Gross private domestic investment, total

109.3

100.8

105.7

107.1

112.5

100.5

95.7

101.6

105.4

101.2

106 6

104 1

do
do
do
do

95.4
74 1
21.3
13.9

93.9
73 6
20 3
6.9

99 1
75 g
23 3
6.6

96 0
75 0
20 9
11.1

94.0
75 4
18.6
18.5

92.0
74 1
17 9
8.5

92.6
73 5
19.0
3.1

94.3
73 1
21.2
7.4

96.7
73 8
23 0
8.7

99 8
77 i
22 7
15

97
74
23
9

97 7
75 0
22 7
64

do

4.2

36

9

32

33

4 0

4.2

4.1

20

9

13

17

_ 2

Govt. purchases of goods and services, total, .do
126.5
131.6
148.4
128.7
140.0
Federal
do
74 8
65.4
67 3
68.6
78 9
State and local
do.
65.2
69.5
61.4
63.0
81.1
T
Revised.
* Preliminary.
f Revised series. Estimates of national income and product
and personal income have been revised back to 1965 (see p. 13 fl. of the July 1969 SURVEY);

137.6
72 8
64.8

140.1
75.1
65.0

140.4
75.5
64.9

141.7
75 7
66.0

145.6
77 3
68.3

148.9
79 6
69.3

148.8
79 2
69.6

150.2
79 4
70.8

Fixed investment...
Nonresidential—
Residential structures . . . .
Change in business inventories
Net exports of goods and services




6
0
5
0

4
3
1
6

8
0
8
0
5

89 4
99 fi
9 3

150.6
150.2
149.4
<JK C
78 3
76 3
73 Q
73 0
72 a
revisions prior to May 1968 for personal income appear on p. 26 fl. of the July 1969 SURVEY
9 Includes data not shown separately.

s-i

SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS

1966

1967

I

Annual total

II

1969

1968

1967

196S

December 1969

III

IV

I

II

III

1970

I

IV

II

III

IV

I

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

bll. $

620.6

654.0

714.4

639.3

646.2

658.5

672.0

688.8

707.4

724.1

737.3

751.3

765.7

'780.6

do

435.5

467.4

513.6

456.2

461.1

470.7

481.7

495.1

507.0

519.8

532.3

546.0

558.2

571.9

do
do
do .
do
do

394.5
316.8
14.6
63.1
41.0

423.5
337.3
16.2
70.0
43.9

465.0
369.0
18.0
78.0
48.6

413.2
330.2
15.8
67.2
43.0

417.7
333.0
15.9
68.8
43.4

426.5
339.6
16.1
70.8
44.2

436.5
346.3
17.0
73.2
45.1

448.2
355.9
17.3
75.0
47.0

459.0
364.5
17.6
76.8
48.0

470.7
372.7
18.7
79.3
49.1

482.1
382.8
18.3
80.9
50.2

493.3
392.5
18.2
82.5
52.7

504.3
402.0
18.4
84.0
53.8

516.9
410.2
20.1
86.6
55.0

61.3
45.2
16.1
20.0

61.9
47.2
14.7
20.8

63.8
49.2
14.6
21.2

60.8
46.5
14.3
20.6

61.7
47.1
14.7
20.8

62.6
47.8
14.8
20.9

62.3
47.5
14.9
21.0

63.2
48.4
14.8
21.1

63.6
49.2
14.3
21.2

64.1
49.3
14.8
21.2

64.1
49.7
14.4
21.4

64.6
49.7
14.9
21.5

66.5
50.1
16.4
21.6

67.3
50.5
16.8
21.7

82.4

79.2

87.9

78.3

78.3

79.1

81.1

82.5

88.2

90.6

90.3

89.5

89.2

'88.8

9.7
72.7
42.6
18.6
24.0

10.5
68.8
39.0
18.1
20.9

11.5
76.4
44.4
19.9
24.5

10.2
68.1
39.2
18.2
21.0

10.3
68.0
38.8
17.9
20.8

10.5
68.6
38.3
18.0
20.4

10.8
70.3
39.5
18.3
21.2

11.0
71.6
41.1
19.1
22.0

11.2
76.9
44.9
19.8
25.1

12.1
78.5
45.4
20.4
25.0

11.9
78.5
46.2
20.4
25.8

12.3
77.2
45.1
20.3
24.7

12.7
76.5
44.9
21.0
23.9

'13.3
75.6
43.8
20.0
23.8

11.9
18.2

10.8
19.0

11.6
20.4

10.9
18.0

10.7
18.5

10.8
19.5

10.9
19.9

11.3
19.1

11.5
20.6

12.0
21.0

11.6
20.7

11.8
20.3

11.7
19.9

11.9
19.9

84.2
34.3
49.9
20.8
29.1
-1.8
21.4

80.3
33.0
47.3
21.5
25.9
-1.1
24.7

91.1
41.3
49.8
23.1
26.7
-3.2
28.0

78.4
32.3
46.1
21.1
24.9
23.' 5

79.1
32.6
46.4
21.7
24.8
-.7
24.3

79.5
32.5
47.0
22.0
25.0
-.4
25.1

84.4
34.5
49.9
21.1
28.8
-3.3
25.9

87.9
39.9
47.9
22.2
25.7
-5.3
26.7

90.7
41.1
49.7
22.9
26.7
-2.6
27.5

91.5
41.4
50.0
23.6
26.5
-.9
28.4

94.5
42.9
51.6
23.8
27.8
-4.2
29.3

95.5
43.4
52.2
23.8
28.4
-6.1
29.8

95.4
43.6
51.8
24.3
27.5
-6.2
30.3

'92.5
'42.3
'50.2
24.9
'25.4
-3.7
30.9

bil $
do
do
do
do

587.2
75.4
511.9
479.3
32.5

629.4
82.9
546.5
506.2
40.4

687.9
97.9
590.0
551.6
38.4

615.2
80.8
534.4
494.5
40.0

622.2
80.6
541.6
503.9
37.7

634.5
84.1
550.3
509.7
40.7

645.9
86.1
559.8
516.6
43.1

664.3
89.3
575.0
535.1
39.9

680.1
92.7
587.4
545.1
42.3

696.1
102.6
593.4
560.2
33.2

711.2
107.0
604.3
566.2
38.0

724.4
114.2
610.2
577.7
32.5

740. 5
118.5
622.0
588.8
33.3

756.5
117.5
639.0
596.0
43.1

Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries!
._
Nondurable goods industries^

bil $
do
do.
-.do

60.63
26.99
13.99
13.00

61.66
26.69
13.70
13.00

64.08
26.44
13.51
12.93

13.59
6.10
3.08
3.02

15.61
6.81
3.46
3.34

15.40
6.48
3.33
3.15

17.05
7.30
3.82
3.48

14.25
5.79
2.96
2.82

15.86
6.50
3.22
3.28

16.02
6.63
3.37
3.25

17.95
7.52
3.95
3.57

15.21
6.21
3.26
2.95

17.73
7.35
3.83
3.52

Mining
Railroad
.
Transportation, other than rail
Public utilities ...
Communication
Commercial and other

do
do
do.
do
do
do

1.47
LOT
3.44
8.41
5.62
12.74

1.42
1.53
3.88
9.88
5.91
12.34

1.42
1.34
4.31
11.54
6.36
12.67

.32
.41
.70
1.84
1.35
2.87

.34
.41
1.12
2.46
1.49
2.99

.37
.35
.98
2.66
1.46
3.09

.39
.36
1.07
2.92
1.62
3.39

.36
.37
.98
2.33
1.48
2.93

.36
.36
1.04
2.97
1.51
3.11

.34
.30
1.12
2.96
1.50
3.18

.35
.30
1.18
3.28
1.86
3.46

.36
.32
1.06
2.66
1.68
2.91

.41
.35
1.14
3.38
1.86
3.23

do
do
do...
do

61.65
27.85
14.20
13.70

61.50
27.00
13.75
13.25

60.90
26.15
13.50
12.65

62.70
26.00
13.50
12.55

64.75
26.35
13.65
12.70

62.60
25.80
12.80
13.00

63.20
26.65
13.65
13.05

65.90
26 85
13.90
12.95

68.90
28.20
15.00
13.20

70.20
29.30
15.35
13.95

1
' 72. 45 ' 73. 30 2 76. 85
31.15
' 30. 55 '30.50
'15.40
15.75
'15.60
15.40
' 14. 95 ' 15. 15

do
..do
do..
do
do
_ do .

1.40
1.80
3.05
9.20
5.75
12.55

1.30
1.55
3.90
9.70
5.80
12.25

1.45
1.40
4.10
9.80
6.05
11.95

1.50
1.40
4.45
10.65
6.05
12.65

1.55
1.65
4.35
11.60
6.35
12.85

1.40
1.40
3.65
11.65
5.90
12.80

1.35
1.20
4.60
10.90
6.15
12.35

1.35
1.15
4.80
12.00
6.95
12.75

1.55
1.35
4.80
13.05
7.25
12.75

1.65
1.35
4.00
13.20
7.40
13.30

1.70
'1.65
1.60
1.65
'1.60
1.70
4.70
'3.95 '4.55
14.55
' 13. 10
' 13.00
8.15
'13.60 ' 321. 85 3 23. 10

11, 461
7,688
333
1,612
1,828

11, 484
7,723
335
1,580
1,846

11, 577
7,669
239
1,801
1,868

11, 667
7,601
332
1,879
1,855

11,934
7,941
305
1,771
1,917

12,668
8,395
353
1,973
1,947

13,344
8,879
406
2,040
2,019

12,653
8,383
364
1,917
1,989

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

do
do
do
do

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
utilitiesbll. $
All other industries
- do
Corporate profits before tax total
Corporate profits tax liability
Corporate profits after tax
Dividends _
_
_ _
Undistributed profits
Inventory valuation adjustment
Net interest

do
do
do
do
do
do
do

DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
Less: Personal tax and nontax payments
Equals: Disposable personal income
Less: Personal outlays©
Equals: Personal saving§-_
__ _
NEW PLANT AND EQUIPMENT
EXPENDITURES

Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
_
Durable goods industries^
Nondurable goods industries^ .
Mining. __
_
Railroad
Transportation, other than rail
Public utilities...
Communication
Commercial and other

..
.

' 18. 22 ' 120. 09 217.04
6.88
'7.58 '8.56
3.44
'4.39
'3.86
3.44
'4.16
'3.72

'.40
.40
'.96
'3.44
1.96
'3.48

'.44
'.42
'1.13
'3.59

.40
.39
1.04
3.01

' 35. 96

35.32

U.S. BALANCE OF INTERNATIONAL
PAYMENTSd"
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil $
Merchandise adjusted, excl military
do
Transfers under military sales contracts
do
Income on U.S. investments abroad
do
Other services
do

43,361
29,389
829
6,252
6,891

46, 189
30,681
1,239
6,872
7,397

50,599
33, 598
1,428
7,701
7,872

11,913 '14, 245
7,469
9,588
418
'334
2,120 ' 2, 151
1,906 ' 2, 172

14, 548
9,560
p 421
2,357
2,210

-38,082 -41,012 -48,077 -10,100 -10,033 -10,173 -10,706 -11,463 -11,827 -12,435 -12,352 -11,550 -13,942 -13,812
Imports of goods and services
do
Merchandise, adjusted, excl. military
do
-25,463 -26,821 -32,972 -6,660 -6, 465 -6,542 -7,154 -7,817 -8, 131 -8, 566 -8,458 -7,572 -9, 591 -9,232
Military expenditures
do
-3,764 -4, 378 -4, 530 -1,085 -1,075 -1,106 -1,112 -1,102 -1,116 -1,143 -1, 169 -1,204 -1,208 -1,198
-2, 142 -2, 362 -2,932
-892 -1,086 -1,248
Income on foreign investments in the U.S do
-742
-584
-591
-607
-671
-770
-749
-580
Other services
do
-6, 713 -7, 451 -7,643 -1,771 -1,902 -1,945 -1,833 -1,873 -1,838 -1,956 -1,976 -1,882 -2,057 -2, 134
Unilateral transfers, net (excl. military grants);
-601 ' -793 v -712
transfers to foreigners (— )
mil. $_ -2.833 -2.998 -2. 865
-691
-823
-836
-648
-635
-690
-766
-774
' Revised.
* Preliminary.
©Personal outlays comprise personal consumption expenditures, interest paid by con1
Estimates for Oct.-Dec. 1969 based on anticipated capital expenditures of business.
sumers, and personal transfer payments to foreigners.
2
Estimates for Jan.-Mar. 1970 based on anticipated capital expenditures of business. Antici^Personal saving is excess of disposable income over personal outlays.
pated expenditures for the year 1969 are as follows (in bil. $): All industries, 71.25; manufacIfData for individual durable and nondurable goods industries components appear in the
turing, total, 29.69; durable goods industries, 15.34; nondurable goods industries, 14.35; mining,
Mar., June, Sept., and Dec. issues of the SURVEY.
-1.61; railroad, 1.49; transportation, 4.29; public utilities, 13.06; communication, 7.75; comcfMore complete details are given in the quarterly reviews in the Mar., June, Sept., and Dec.
mercial and other, 13.34.
3 includes communication.
issues of the SURVEY. Revised data back to 1960 appear on p. 29 fi. of the June 1969 issue.
tSee corresponding note on p. S-l.
9 Includes inventory valuation adjustment.




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