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APRIL 1976 / VOLUME 56 NUMBER
SURVEY OP CURRENT BUSINESS
CONTENTS
THE BUSINESS SITUATION
U.S. Department of Commerce
1
Elliot L. Richardson / Secretary
National Income and Product Account Errata
10
National Income and Product Tables
11
Earnings Increases, 1969-73
19
Tracking the BEA State Economic Projections
22
Contrasting Developments in the States During
Recession and Early Recovery
30
Fixed Nonresidential Business and Residential
Capital in the United States, 1925-75
46
Bureau of Economic Analysis
George Jaszi / Director
Morris R. Goldman / Deputy Director
SURVEY OF CURRENT BUSINESS
Editorial Board: Jack J. Bame, Carol S. Carson,
John E. Cremeans, Martin L. Marimont, Beatrice
N. Vaccara, Charles A. Waite, Allan H. Young
Editor: Dannelet A. Grosvenor
Statistics Editor: Leo V. Barry, Jr.
Graphics Editor: Billy Jo Hurley
Staff Contributors in This Issue: Carol S. Carson,
Robert B. Bretzfelder, Howard L. Friedenberg,
Eugene R. Janiseh, John C. Musgrave, Edward I.
Steinberg, Regional Economic Analysis Division,
Regional Economic Measurement Division
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index (Inside Back Cover)
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the BUSINESS SITUATION
CHART 1
Real Product: Changes From
Preceding Quarter
Billion (1972) $
40
GROSS NATIONAL PRODUCT
20
-20
-40
40
CHANGE IN BUSINESS INVENTORIES
20
-20
-40
20
PERSONAL CONSUMPTION EXPENDITURES
-20
20
FIXED INVESTMENT
Resident!;
-20
20
N£T EXPORTS
-20
20
-20
GOVERNMENT PURCHASES
I
I
1974
1975
1976
Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis
JLVEAL GNP increased at an annual
rate of 7% percent in the first quarter,
after having increased 5 percent in the
fourth quarter of last year (table 1).
The acceleration was due to an $11
billion annual rate swing in real inventory investment, from fourth-quarter
decumulation of $1% billion to firstquarter accumulation of $9% billion;
from the third to the fourth quarter,
there had been a small negative swing
(chart 1). Final sales increased less
than in the fourth quarter—3% percent
as compared with 5 percent. Fixed
investment was up 9% percent, a little
less than in the fourth quarter, as a
slowing of the rate of increase in residential investment was only partly
offset by a strengthening in business
fixed investment. The increase in personal consumption expenditures (PCE)
was larger than in the fourth quarter—
7% percent as compared with 4 percent.
Some of the deceleration in total
final sales was due to government
purchases, which showed little change
in the first quarter. However, the
bulk of it reflected a decrease in exports
and a large increase in imports.
About two-thirds of the increase
in final sales was in consumer and
business purchases of motor vehicles,
and the remainder was more than
accounted for by consumer purchases
of food and energy. The total of other
final sales was essentially unchanged.
These estimates are preliminary, and
subject to revisions that might modify
this picture. Furthermore, although
some of the first-quarter increases in final
sales seem unsustainable, it is quite
possible that spending for other items
will pick up as the unsustainable
demands subside.
Inflation, as measured by the increase
in the GNP implicit price deflator,
abated substantially, from 7 percent
in the fourth quarter to 3% percent in
the first. The major factors were declines in the prices of the food and
energy components of PCE. In addition,
the rate of increase in prices of equipment and structures slowed. This slowing benefited not only business
investors, but also government, which
buys a considerable amount of these
items. Prices paid by government had
increased in the fourth quarter due to
the Federal pay raise; that this factor
was absent in the first quarter was the
major reason for deceleration of prices
paid by government.
Employment and unemployment.—
Employment, as measured in the household survey, increased substantially
in the first quarter, at a 5.6 percent
annual rate, as compared with 0.5
percent in the fourth. Women accounted
for more than a proportionate share of
this increase, as they had over the past
year. On a quarterly basis, unemployment showed the first sharp decline
since its peak in the second quarter of
1975. The unemployment rate dropped
from 8.5 percent in the fourth quarter
to 7.6 percent in the first. (For a discussion of some of the problems involved
in calculating the seasonally adjusted
unemployment rate, see the March
issue of the SURVEY OF CURRENT
BUSINESS.)
On the basis of the establishment survey, the first-quarter increase in employment was smaller than shown by
the household survey, but, at 3.6 percent, was about the same as the fourthquarter increase. Among the goodsproducing industries, which had been
affected more by the recession than the
service-producing industries, employ1
SUEVEY OF CUEEENT BUSINESS
ment in durables manufacturing was
up about 7 percent—more than in the
fourth quarter. An increase in employment in the transportation equipment
industry of about 14 percent accounted
for almost one-third of the increase
in employment in durables. Employment in nondurables manufacturing
was up less than in the fourth quarter,
was unchanged in mining, and was
down in contract construction.
Although the quarterly gains in
GNP final sales were concentrated in
a very few categories—specifically,
motor vehicles, food, and energy—the
gains in employment were widespread
industrially. Of the 172 private nonfarm industries, about 70 percent
showed month-to-month employment
increases, somewhat more than in the
fourth quarter. To some extent, the
contrast between the final sales and
employment patterns may be due to
statistical inconsistencies, although
basically it was to be expected. For
instance, the large increase in motor
vehicle production that accompanied
the sales increase affected employment
not only in the transportation equipment industry, but also in the industries
supplying raw material and semifinished
goods to it and marketing its finished
products. This kind of diffusion in
employment facilitates the adjustments
of the labor supply to changes in
demand.
Costs and prices
Table 2 shows three measures that
throw light on cost-output relationships
in the nonfarm business economy. In
the first measure, output per hour, the
numerator is derived by deducting from
real GNP the production originating in
the nonbusiness sectors—the rest of the
world, households and institutions, and
government—and in the farm sector.
The denominator is derived by making
the following major adjustments to the
hours data that are based on the establishment survey: hours of nonfarm
self-employed and unpaid family workers are added, and hours of employees
of civilian government and nonprofit
institutions are deducted. With output
up 7.9 percent at an annual rate in the
first quarter, and hours up 4.1 percent,
the ratio of the two—often used as a
measure of labor productivity—was up
3.6 percent, as compared with a decline
in the fourth quarter.
In the second measure, compensation
per hour, the numerator is derived from
compensation of nonfarm business employees as measured in the national
income and product accounts (NIPA's)
by adding an allowance for the labor
component of the income of the nonfarm self-employed. In the first quarter,
compensation per hour increased 8.0
percent, as compared with 5.7 percent
in the fourth.
The third measure, unit labor cost,
is the quotient of the labor productivity
and average compensation measures.
In the first quarter, it increased 4.3
percent, somewhat less than in the
fourth.
Developments in alternative measures of wage rates are summarized in
table 3. The first of these, average
April 1976
Table 2.—Output and Compensation Per
Hour, and Unit Labor Cost in the Nonfarm Business Economy
[Percent change from preceding quarter, seasonally adjusted
at annual rates]
19 75
Output per hour
Compensation per hour
Unit labor cost
. .
1976
III
IV
9.8
8.5
-1.2
-1.2
5.7
7.1
I
3.6
8.0
4.3
NOTE.—Output is calculated as business GNP less farm
GNP.
hourly earnings, differs from the average
compensation series, because it covers
civilian government employees and
employees of nonprofit institutions, but
does not cover the self-employed and
unpaid family workers. Also, the numerator of the ratio excludes supplements
to wages and salaries (employer contributions for social insurance and other
labor income). The average hourly
earnings series can be adjusted to exclude the effects of overtime pay in
manufacturing and of changes in the
industrial mix of employment, and,
accordingly, the adjusted series is a
better measure of changes in hourly
wage rates. The Hourly Earnings Index
increased at a 6.1 percent annual rate
in the first quarter, less than in any
quarter in the last two years.
The last measure shown in table 3
relates to wage-rate changes taking
place under major collective bargaining
agreements. In the first quarter, the
effective wage-rate change was 1.1
percent (not seasonally adjusted). That
this change was the smallest shown in
the table largely reflects the relatively
Table 1.—Gross National Product in Current and Constant Dollars
[Seasonally adjusted at annual rates]
Constant (1972) dollars
Current dollars
Percent change from preceding
quarter (annual rate)
Billions of dollars
1975
II
Gross national product
Final sales
Change in business inventories
Less: Rest-of-the-world product
Equals: Gross domestic product..
III
IV
I
II
III
IV
I
IV
III
I
1976
1975
1976
1975
1976
1,460.6
1,528.5
1,572.9
1,616.3
1,168.1
1,201.5
1,216.2
1,238.4
12.0
5.0
7.5
1, 490. 2
1, 530. 6
1, 574. 9
1, 602. 2
1, 188. 7
1,202.4
1,217.8
1, 228. 9
4.7
5.2
3.7
-29.6
-2.1
-2.0
14.1
-20.7
-.8
-1.6
9.5
10.0
11.6
10.7
13.3
4.5
5.4
4.9
6.1
106.7
-33.5
145.8
1,450.6
1,516.9
1,562.2
1,603.0
1,163.5
1,196.1
1,211.3
1,232.3
11.7
5.2
7.1
SUEVEY OF CUERENT BUSINESS
April 1976
small number of workers receiving
wage-rate changes, rather than the size
of the increase per worker, which is the
other major factor determining the
change. The former factor tends to
make this series erratic. In the first
quarter, it held down the size of the
wage-rate change stemming from current settlements. In that quarter, the
change in current settlements was
low—0.2 percent; it undoubtedly will
be atypical of the remaining quarters
of 1976, because, with a heavy bargaining calendar ahead, a large number
of workers will receive changes in
current settlements. As of mid-April,
a major collective bargaining agreement, that covering the International
Brotherhood of Teamsters, was still in
the process of being ratified. It appears
that its wage-rate and fringe-benefit
increases will average around 5 percent
per year over the contract's 3-year life.
The agreement also incorporates a
"capless" escalator, which will provide
substantial protection against increases
in consumer prices.
Prices.—As noted earlier, the increase
in the GNP implicit price deflator de-
celerated from an annual rate of about
7 percent in the fourth quarter to about
3% percent in the first. The alternative
measures of GNP prices—the fixedweighted price index and the chain
price index—showed about the same
fourth-to-first-quarter changes as the
deflator. The deflator for goods and
services purchased by U.S. consumers,
shown in table 4 as the deflator for
GNP less exports plus imports, also
decelerated; prices of both exports and
imports, which had changed little in the
fourth quarter, increased by about
equal amounts.
Table 3.—Alternative Wage-Rate Measures
[Percent change from preceding quarter]
1975
1974
-T-f- n
I
IV
III
1976
III
II
I
IV
Seasonally adjusted at annual rates
Average hourly earnings l .
.
Less: Adjustments:
Overtime in manufacturing
Industry mix .
Equals Hourly Earnings Index * - - . - . . . .
5.8
8.8
10.6
8.0
7.2
5.2
7.3
8.4
-.4
-.6
-.5
-.8
.1
-.2
-.8
-.8
-.8
-.6
.0
-2.3
.7
-2.0
.1
.1
6.8
10.1
10.7
9.6
8.6
7.5
8.6
8.3
6.1
7.3
n.a.
n.a.
Quarterly rates
Effective wage-rate changes2
Current settlement
Prior settlement
Escalator provision
1.3
3.0
3.4
1.6
1.7
2.1
3.3
1.5
1.1
.3
.6
.3
1.6
.9
.5
2.0
.9
.5
.8
.3
.5
.6
.6
.4
.7
1.1
.3
.8
1.5
1.0
.6
.5
.4
.2
.6
.4
2. Production or nonsupervisory workers in collective bargaining units covering 1,000 or
more workers.
Source: Bureau of Labor Statistics.
n.a. Not available.
1. Production or nonsupervisory workers on private nonfarm payrolls.
Table 4.—Implicit Price Deflators
[Seasonally adjusted]
Index numbers (1972=100)
1974
Gross national product
.
..
Less' Exports
Plus: Imports
Equals: GNP less exports plus imports
Percent change from preceding quarter (annual rate)
1975
1975
1976
1976
IV
I
II
III
IV
I
121.45
123. 74
125.04
127. 21
129.33
130.51
7.8
4.3
7.1
6.8
3.7
160.4
185.6
163.5
189.1
162.0
187.8
163.6
187.8
163.5
188.2
165.4
190.4
7.9
7.9
-3.6
-2.7
4.0
.0
-.1
.7
4.6
4.9
I
II
I
IV
III
122.6
124.5
125.6
127.9
130.1
131.5
6.7
3.6
7.3
7.2
4.5
Personal consumption expenditures. .
Food...
..
Energy l
Other personal consumption expenditures
121.3
134.8
144.6
115.5
123.1
136.9
145.6
117.4
124.4
137.2
149.5
118.6
126.7
140.7
158.6
120.1
128.4
142.0
161.4
122.0
129.6
141.6
158.7
123.8
6.2
6.1
2.8
6.7
3.9
.8
11.3
4.1
7.7
10.9
26.7
5.2
5.7
3.6
7.2
6.6
3.7
-1.1
-6.6
6.2
Other 2
Nonresident ial structures
Producers' durable equipment. . . .
Residential
Government purchases
124.5
138.3
118.3
126.7
124.0
127.4
141.0
123.8
131.6
125.9
129.0
141.2
127.3
132.3
127.3
130.4
141.4
128.4
132.5
129.2
133.2
143.4
131.3
136.1
131.8
134.9
144.7
133.2
139.5
133.2
9.6
8.0
20.0
16.6
6.3
5.0
.4
11.7
2.1
4.6
4.4
.6
3.4
.5
5.8
8.8
5.9
9.4
11.6
8.5
5.2
3.6
6.1
10.2
4.2
_. .
1. Gasoline and oil, fuel and ice, electricity, and gas.
2. The change in business inventories has been excluded because the implicit price deflator
for the change in business inventories is subject to large erratic movements that reflect shifts
in the composition among items that have shown large differences in their price rise as compared with the 1972 base period. The size of these erratic movements precludes the use of these
deflators in price analysis.
SUEVEY OF CUEEENT BUSINESS
April 1976
CHART 2
Prices: Changes From Preceding Quarter
WHOLESALE PRICE INDEX
CONSUMER PRICE INDEX
IMPLICIT PRICE DEFLATOR FOR
PERSONAL CONSUMPTION EXPENDITURES
FARM PRODUCTS AND PROCESSED FOODS AND FEEDS
50
OTHER ITEMS
OTHER COMMODITIES
OTHER PCE
25
rf>n,r
1973
r-rr-TI
1974
1975
1976
1.
Fuels and related products and power.
2.
Gasoline and motor oil, fuel oil and coal, and gas and electricity.
3.
Gasoline and oil, fuel oil and coal, and electricity and gas.
U.S. Department of Commerce, Bureau of Economic Analysis
.rflTl.n-mn
1973
1974
1975
1976
Seasonally Adjusted at Annual Rates
rn-n .rffh.rhm.n
1973
1974
1975
1976
ta:
6LS & BEA
SURVEY OF CURRENT BUSINESS
April 1976
Among the other GNP components,
improvements in price performance
were widespread, although, as will be
noted below, some of them were temporary. The deflator for PCE increased
3% percent, as compared with 5% percent in the fourth quarter. The improvement was due almost entirely to food
prices, which declined about 1 percent
after an increase of 3% percent, and to
energy prices, which declined 6% percent after an increase of 7 percent
(chart 2). The increase of other prices
paid by consumers remained essentially
unchanged, at about 6 percent.
Slower rates of increase were apparent in prices of equipment and structures. It should be noted that prices of
these items are particularly difficult to
measure. For instance, in the case of
equipment, a complex procedure is
necessary because the price information,
which is believed to reflect new orders,
must be synchronized with the GNP
components, which are intended to be
on a delivery basis. This synchronization procedure involves the application
of distributed lags to the appropriate
components of the Wholesale Price
Index. This procedure has shortcomings; for instance, it does not take into
account cyclical changes in the lags
between new orders and deliveries. Because of the use of the distributed lag
procedure, it is possible to infer from
the information taken from the Wholesale Price Index the near-term prospects
for the deflator for equipment. Using
this method, it appears that the secondquarter increase will not differ very
much from the 6 percent increase in the
first quarter.
The halving of inflation in the prices
paid by government was largely due to
the fact that fourth-quarter prices had
been boosted by the Federal pay raise.
The deceleration—from about 7 percent to 3 percent—in the prices paid by
government for goods and services
other than employee compensation was
due to the movements of prices of food,
energy, equipment, and structures.
The first-quarter decrease in food
prices was due to larger supplies
reaching the retail market as a result
of last year's above-average harvest.
In particular, meat prices reflected
stepped-up production of grain fed
cattle in response to lower feed prices
combined with continued high marketing of grass fed cattle. The outlook
for food prices is uncertain. Prices of
meat—beef in particular—have turned
around. Even setting aside seasonal
changes, a decline in the marketing of
grass fed cattle seems to be underway,
and in the coming months will work
in the same direction as the first-
quarter narrowing of the margin between feed costs and meat prices, that
is, to reduce the supplies of beef and
raise its price. As a result, month-tomonth meat price increases are likely
to occur during the second quarter.
For the quarter as a whole, however,
on a seasonally adjusted basis, consumer meat prices may not be any
higher than in the first quarter. It is
even more difficult to sort out the
factors determining the prices of food
other than meat, but it would appear
that on average they also will show
little change from the first to the second
quarter. For the remainder of the
year, price prospects are even more
uncertain. However, the fragmentary
information that is available points
to a somewhat better performance of
food prices than had generally been
expected earlier in the year.
The major factor in the first-quarter
decrease in energy prices was the
Energy Policy and Conservation Act
passed in December 1975. This act
rolled back the average ceiling price
of domestic crude oil from $8.60 per
barrel in the fourth quarter to $7.66 in
the first, and eliminated the $2 per barrel fee on imported crude oil. The act
also provided for decontrol of domestic
crude oil prices over a forty-month
period. As the first step in the imple-
Table 5.—Personal Consumption Expenditures in Current and Constant Dollars
[Seasonally adjusted at annual rates]
Current dollars
Constant (1972) dollars
Percent change from preceding
quarter (annual rate)
Billions of dollars
1975
II
Personal consumption expenditures
Durables
Motor vehicles and parts .
Other durables
Nondurables
Food Energy L
Other nondurables
Services.
2
Energy
Other services .
1. Gasoline and oil, and fuel and ice.
2. Electricity and gas.
III
1975
1976
IV
II
I
III
IV
I
1976
1975
1976
I
IV
III
950.3
977.4
1,001.0
1,028.7
764.1
771.6
779.4
793.7
4.0
4.1
7.6
123.8
131.8
137.6
146.5
106.5
112.3
115.3
121.3
23.8
11.1
22.3
46.1
77.7
52.1
79.7
55.1
82.5
62.5
84.0
39.8
66.7
44.4
67.9
45.7
69.6
51.5
69.8
55.7
7.2
12.4
10.2
60.5
1.2
404.8
416.4
423.7
431.0
306.9
308.0
310.7
315.7
1.5
3.6
6.5
206.6
49.7
148.5
211.4
52.3
152.8
215.6
52.5
155.7
220.2
52.8
158.0
150.7
31.6
124.6
150.2
30.9
126.9
151.8
30.7
128.2
155.5
31.8
128.3
-1.2
-8.4
7.7
4.4
-2.7
4.1
10.1
15.0
.4
421.6
429.2
439.7
451.2
350.8
351.2
353.3
356.8
.5
2.4
4.0
28.9
392.7
29.8
399.4
28.9
410.8
30.1
421.1
20.9
329.9
20.8
330.5
19.7
333.6
20.4
336.4
-3.0
.8
-18.8
3.9
15.0
3.4
SUEVEY OF CURKENT BUSINESS
mentation of this provision, the Federal
Energy Administration in April announced a 9.8 percent increase in the
average ceiling price, to $8.41 per
barrel, to take effect over the next 10
months. This increase is designed to
provide a specific incentive to domestic
crude oil production in addition to
offsetting the impact of general inflation. Crude oil prices will be subject
to other factors as well, including the
price decisions of the Organization
of Petroleum Exporting Countries.
Changes in crude oil prices will affect
the prices consumers pay for gasoline,
fuel oil, and related products. Although
these prices, in turn, will be affected
by other factors, it seems very likely
that, on balance, a substantial increase
in prices of these products will occur
over the coming months. The prices
of other kinds of energy purchased by
consumers—for example, coal and natural gas—are also likely to rise. Cost
increases, deregulation, increases in
general demand, and shifts in relative
demand tending to equalize price increases in competitive energy products,
are all factors working in that direction.
Personal outlays, income, and saving
Real PCE increased 7% percent
(annual rate) in the first quarter, as
compared with 4 percent in the fourth
(table 5). The strength was in motor
vehicles and parts, up 60 percent; food,
up 10 percent; and energy goods and
services, up 15 percent. The total of
other goods was at a standstill, and
April 1976
other services increased only moderately. Fixed investment
Real residential investment increased
The motor vehicles estimate is fairly
firm, being based on 3 months of dealer about 14 percent (annual rate) in the
sales. In interpreting the extreme be- first quarter, after very sharp increases
behavior of food, energy, and the in the second half of last year (table 6).
total of other goods, it should be Judging from the underlying infornoted that these estimates are less mation on housing starts, single-family
firmly based, and that they probably construction continued to show greater
reflect in part statistical imperfections— strength than multifamily. Singleincomplete data, sampling errors, and family starts were up 9.3 percent from
deficiencies in seasonal adjustment pro- the fourth quarter, to 1,130,000 units
cedures and in price information. De- (annual rate). Multifamily starts fell
spite these qualifications, the estimates back below both third- and fourthsuggest that the recent increases in con- quarter starts, although—at 284,000
sumption were selective and irregular, units—they were 32 percent above the
rather than widespread and sustainable. very depressed second quarter. Mobile
Personal income was up 9% percent home shipments improved in the first
in the first quarter, only a little less 2 months of the year, averaging nearly
than in the fourth. The first-quarter one-fifth above the fourth quarter.
In the months ahead, for singleincreases in the components of income
family
construction the most important
were also similar to their increases in
factors
are likely to be mortgage market
the fourth quarter. The exceptions
7
conditions—availability
and cost of
were farm proprietors income and
credit—and
the
state
of
confidence of
transfer payments. Farm proprietors'
potential
buyers.
With
continued
ecoincome dropped sharply, reflecting a
nomic
recovery,
the
former
may
become
decline in farm prices, and transfer
payments increased very rapidly due to a little less favorable, and the latter,
accelerated payments of veterans' life more favorable. On balance, it seems
insurance dividends and to disburse- probable that further increases in singlefamily construction will continue but
ments of the earned income credit.
at a reduced rate.
With the slowing of inflation, real
The outlook for multifamily condisposable personal income increased struction is less favorable in the short
more in the first quarter than in the run. Because costs of carrying and operfourth—6 percent as compared with 4% ating rental units have been rising more
percent. Given the increase in PCE, than rents, profitability has been imwhich accounts for almost all of personal paired and is unlikely to improve rapoutlays, the saving rate decreased from idly. Also, difficulties of financing multifamily structures—the aftermath of the
about 8 percent to about 7% percent.
Table 6.—Fixed Investment in Current and Constant Dollars
[Seasonally adjusted at annual rates]
Constant (1972) dollars
Current dollars
Percent change from preceding
quarter (annual rate)
Billions of dollars
1975
II
III
IV
I
II
III
IV
III
I
1976
1975
1976
1975
1976
IV
I
Fixed investment. .
191.1
197.1
207.4
215.5
144.8
148.7
153.0
156.5
11.1
12.2
9.5
Nonresident ial
Structures
146.1
51.1
146.7
51.2
151.9
53.6
156.8
55.2
110.8
36.2
110.6
36.2
112.3
37.4
114.4
38.1
-.7
.2
6.0
14.1
7.9
8.1
95.0
18.7
76.4
95.6
22.7
72.9
98.3
22.0
76.3
101.7
24.4
77.2
74.7
16.0
58.6
74.5
19.5
54.9
74.9
18.3
56.5
76.3
19.9
56.4
-1.1
120.0
-22.9
2.3
-22.2
12.2
7.8
38.9
-1.0
45.0
50.4
55.4
58.7
34.0
38.0
40.7
42.1
56.7
31.6
13.8
Producers' durable equipment .
Autos, trucks, and buses
Other. .
Residential
. . . ..
SUEVEY OF CURRENT BUSINESS
April 1976
but at a slower rate than in the
fourth—8 percent as compared with
Corporate Gross Saving *
14 percent (table 6). In contrast,
Billion $
nonresidential producers' durable equip1501
ment (PDE) accelerated sharply, from
2% percent to 8 percent. The acceleration was entirely due to motor vehicles;
125
other PDE was unchanged. Despite
the increases in structures and PDE
in the last two quarters, neither is
higher than a year ago at the trough
100
of the recent recession. This is so
because—as is often the case—both
continued to decline after the business
75
recovery had begun.
Business fixed investment is a crucial
Capital Consumption Allowances With
factor in the economic outlook, and its
Capital Consumption Adjustment
prospective course is quite uncertain.
50
According to the BEA plant and equipment (P & E) expenditures survey, the
1976 increase is expected to be 6%
25
percent in current dollars. According
1972
1973
1974
1975
1976
to a widely accepted hypothesis, there
Seasonally Adjusted at Annual Rates
is a systematic tendency for actual
* Undistributed corporate profits with inventory valuation and capital concapital expenditures to exceed planned
sumption adjustments plus capital consumption allowances with capital
consumption adjustment.
expenditures in periods of business
recovery
(and to fall short in periods of
U.S. Department of Commerce, Bureau of Economic Analysis
76-4-3
business decline). It is difficult to verify
this hypothesis, and even more difficult
overbuilding of condominums and of to quantify it. It is unlikely that the
poor profitability—are likely to be a excess of actual expenditures over initial
limiting factor.
plans will be large for 1976 as a whole:
Mobile home shipments were severely even if—as seems entirely possible—
depressed during the recent recession, expenditures turn out to be higher than
after running at high levels for several plans in the second half of the year, this
years. They dropped to 213,000 units excess will tend to be offset by a shortfall
in 1975, from over 550,000 in 1972 and in expenditures from plans in the first
1973. Several factors may have con- quarter, for which an improbably large
tributed to the severity of the contrac- increase in expenditures was planned.
tion: a temporary saturation of the (A first-quarter shortfall has been
market, limitations on the availability allowed for in estimating the nonof sites, a shift toward the production residential fixed investment component
of expensive types of units that were of GNP shown in table 6.)
above the price range of the typical
According to the survey taken last
buyer, and a high repossession rate November and December, prices of
for mobile homes, which was the result plant and equipment were expected to
of the business recession. Consequently, rise about 10 percent in 1976. Mechania large overhang of used mobile homes cal application of this price rise to
competitive with shipments of new current-dollar investment plans results
ones developed, and credit institutions in a substantial drop in real investment
became reluctant to finance purchases in 1976. However, real investment will
of mobile homes. Although the evidence probably increase, because the actual
is incomplete, the upturn in shipments price rise is likely to be significantly less
in January and February may indicate than 10 percent, and because the bulk of
that these difficulties are being resolved. investment plans seems to be formulated
Business fixed investment.—Keal in- in dollar amounts that are not revised
vestment in nonresidential structures in the light of subsequent price
increased further in the first quarter, developments.
CHART
3
Examination of some of the basic
determinants of investment also makes
a real increase in investment in 1976
credible. As shown in chart 3, there
has been a very strong recovery in
internal funds available to corporations;
this recovery improved their financial
situation and reduced financial constraints upon investment plans. The
improvement in internal funds is likely
to continue. The past and prospective
increases are, of course, a reflection of
similar developments in the profitability of corporate business, which is
another—and perhaps even more
important—determinant of business
investment.
Evidence based on information on
CHART
4
Investment Commitments
Billion $
20
CONTRACTS AND ORDERS FOR PUNT AND EQUIPMENT
Current Dollars
15
10
Constant (1967) Dollars
m ii 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 11 n 1 1 1 u 1 1 1 1 1 1 n 1 1 1 1 1 H 1 1 1 1 1 1 1 1 1 1
20
CAPITAL APPROPRIATIONS
15
10
OL_L_
1972
1973
1974
1975
1976
Seasonally Adjusted
Data: The Conference Board, Census Bureau, McGraw-Hill Information Co.,
and BEA.
U.S. Department of Commerce, Bureau of Economic Analysis
7644
SUEVEY OF CUEEENT BUSINESS
8
manufacturing capacity utilization is
less clear. The rates of capacity utilization have improved since their recession
lows, but remain well below their
historical peaks—even in the major
materials-producing industries where
recovery appears to have been fairly
strong. Manufacturers' evaluation of
their capacity has barely turned
around. Manufacturers accounting for
35 percent of gross capital assets
reported that their capacity was inadequate in December 1975, up only
1 percentage point from the cyclical
low in September. Of course, past
experience shows that indicators of
this type often change pace abruptly,
and it is quite possible that they will
suggest rapidly improving prospects
for investment as the recovery proceeds.
Some evidence on the timing of
increases in fixed investment is shown
in chart 4. Contracts and orders for
plant and equipment have not regis-
tered a clear upturn. Capital appropriations of the 1,000 largest manufacturers, which have an average leadtime over expenditures of about a
year, place the recovery in expenditures
late in 1976. Appropriations of investorowned utilities suggest a similar timing.
Net
exports
purchases
and
government
After two quarters of relative stability, real net exports dropped sharply
in the first quarter (table 7). The firstquarter estimate is based on 2 months'
data on merchandise trade and fragmentary information on services, including net investment income. A decline in agricultural exports was largely
due to reduced shipments to the Soviet
Union. These shipments had been unusually high in the fourth quarter, when
the bulk of the shipments of the 1975
grain crop provided for in the recent
agreement with the Soviet Union occur-
April 1976
red. The decline in nonagricultural
exports was about the same in percentage terms, but much larger in absolute
amount. Eeceipts for services seem to
have increased from the fourth quarter.
A large increase in imports was entirely
due to merchandise; oil imports were
up sharply, reflecting mainly the continued rise in economic activity and
perhaps also the removal late in December 1975 of the $2 per barrel fee on
imported oil. A large part of the remaining increase was in industrial supplies
and materials, and was widespread
among the major components of this
category.
Superficially, the first-quarter drop in
real.net exports accounts for the largest
part of the deceleration of final sales.
It is difficult, however, to give an explanation of this drop that brings out
the underlying cause-effect relations
between it and the deceleration of final
sales. As regards exports, although the
Table 7.—Net Exports of Goods and Services in Current and Constant Dollars
[Seasonally adjusted at annual rates]
Constant (1972) dollars
Current dollars
Percent change from preceding
quarter (annual rate)
Billions of dollars
1976
1975
II
Net exports of goods and services
Exports
Merchandise
Imports
_
Merchandise
_
III
IV
1976
1975
I
III
II
1975
III
I
IV
1976
I
IV
24.2
22.1
21.7
9.7
24.9
23.5
23.8
17.1
140.7
102.8
148.5
106.9
153.8
111.6
151.3
105.6
86.8
64.1
90.8
65.9
94.0
68.8
91.5
64.6
19.5
11.7
15.1
18.8
-10.4
-22.5
116.4
89.3
126.4
98.8
132.1
103.2
141.7
112.3
62.0
45.1
67.3
50.3
70.2
52.5
74.4
56.6
39.1
54.8
18.4
19.2
26.0
34.8
Table 8.—Government Purchases of Goods and Services in Current and Constant Dollars
[Seasonally adjusted at annual rates]
Current dollars
Constant (1972) dollars
Percent change from preceding
quarter (annual rate)
Billions of dollars
1975
II
III
1976
IV
I
1975
II
III
1976
IV
I
1976
1975
I
IV
III
324.7
334.1
344.8
348.4
254.9
258.7
261.6
261.6
6.0
4.6
Federal
National defense,
Nondefense
119.2
82.1
37.1
124.2
84.9
39.3
129.9
87.4
42.5
131.2
87.0
44.1
92.4
94.9
96.1
95.8
11.0
5.0
State and local _
205.5
209.9
214.8
217.2
162.5
163.8
165.5
165.7
3.2
4.3
Government purchases of goods and services
0.0
-1.0
.6
April 1976
SUEVEY OF CUKEENT BUSINESS
Table 9.—Gross National Product by Sector of Origin in Constant (1972) Dollars
[Seasonally adjusted at annual rates]
Percent change from preceding
quarter (annual rate)
Billions of dollars
1975
II
Gross national product. .
1,168.1
IV
I
1,201.5
1,216.2
1,238.4
188.6
190.4
Equals: Business product
979.5
1, Oil. 1
Less: Farm
Equals: Business product less farm
Auto.
Residential
Other
190.5
1,025.7
I
IV
12.0
5.0
7.5
192.6
4.0
.1
4.6
1, 045. 8
13.6
5.9
8.1
32.3
36.5
36.8
37.9
62.6
3.4
13.2
947.1
974.6
988.9
1, 007. 8
12.1
6.0
7.9
38.0
34.0
875.1
46.5
38.0
890.1
40.8
40.7
907.4
49.4
42.1
916.4
123.9
56.7
7.0
-41.1
31.6
8.0
115.4
13.8
4.0
bulk of the decline represented a drag
on real GNP, there are exceptions. For
instance, it is apparent that GNP in
the fourth and first quarters would
not have been very different in the
absence of exports of grain to the
Soviet Union. Agricultural production
in the short run is quite insensitive to
changes in demand, and the absence of
these exports would have been offset by
changes in inventory accumulation.
Some of the first-quarter increase in
imports can be viewed in a similar
way. For instance, if the large increase
in oil imports had not occurred, it is
very likely that most of the compensating change would have been in inventories rather than in domestic production. Most of the remaining import increase is best interpreted as limiting the
impact of the improvement in domestic
demand on GNP. It is hard to think of
any significant increase in imports that
could be interpreted as an active drag
on GNP.
Government purchases.—Real Federal
and State and local government purchases of goods and services were unchanged in the first quarter (table 8).
Among State and local purchases, a
decline in structures was offset by increases in the other components.
In current dollars, Federal purchases
were up about $1 billion from the
fourth quarter. Transfer payments were
up $5% billion, due to the disbursements
of veterans7 life insurance dividends
and the earned income credit. Subsidies
the current surplus of government
III
III
Less: Households and institutions, rest of the
world, and government
1976
1975
1976
enterprises were down $2 billion, refleeting the reduction of the Postal
Service deficit that followed the December increase in postal rates. Total
9
Federal expenditures increased $6 billion, to about $380 billion. Including
an allowance for corporate profits tax
accruals, which are not yet known,
total Federal receipts increased by a
comparable amount, and the Federal
deficit on an NIPA basis held close
to the $72 billion registered in the
fourth quarter.
Inventories
Real inventories accumulated in the
first quarter after decumulation in the
fourth. The swing was in nonfarm
inventories; farm inventories increased
by about equal amounts in both
quarters. These estimates are based
on preliminary data. For nonfarm
inventories, the underlying book value
information is available for only 2
months. A large accumulation of nondurable inventories appears to have
been partly offset by a reduction in
CHART 5
Inventory Stocks, Final Sales of Nonfarm Business, and Stock-Sales Ratios
270
925
fn
u s
950
975
1,000
Final Sales of Nonfarm Business, billions of 1972 $
adiusted;
- - Department of Commerce, Bureau of Economic Analysis
""" "'" "^ ***"
""M"
B ue
' *"
1,025
1,050
*** °' "^ *** *
SUEVEY OF CUEEENT BUSINESS
10
durable inventories—a pattern that
is understandable in terms of the
imbalances that developed prior to
the recession and of the readjustment
that occurred subsequently.
Chart 5 provides an overview of the
nonf arm inventory situation by relating
the constant-dollar stocks to constantdollar final sales of nonfarm business.
As can be seen, the stock-sales ratio
was about 0.250 in the first quarter.
This ratio is not far out of line with
previous periods in which inventories
were in balance in the sense that business did not seek to bring about either
an increase or decrease in stocks relative
to sales. Given reasonable assumptions
about prospective changes in final
sales, some further increase in the rate
of inventory accumulation seems likely
in the near term. Thereafter, inventories
April 1976
will cease to contribute to the increase
in GNP.
covery. The increase in "other" production was entirely due to inventory
accumulation; "other" final sales were
GNP by sector
at a standstill.
Eeal GNP by sector, as shown in
The Federal Eeserve Index of Intable 9, provides an alternative view of dustrial Production (IIP) provides an
production in terms of its institutional alternative measure of developments
origin. Business production is broken in the nonfarm business economy.
down further into a few broad Although full comparability cannot be
subgroups.
achieved, GNP can be stripped down
Eeal business product increased to approximate more closely the IIP,
strongly in the first quarter, as did and both measures can be broken
each of the identifiable subgroups. Eeal down into their auto and other goods
farm product was up, despite a decline components. A comparison of adjusted
in current-dollar farm income and GNP and the IIP indicates that the
product. Auto product was up about first-quarter increase in the former was
$8% billion in real terms, from about somwhat stronger. The auto com$41 billion to $49% billion. Eesidential ponent of GNP increased faster than
construction, which constitutes most the auto component of the IIP, beof the residential item shown in the cause of differences in seasonal adjusttable, also increased, although less ment. The nonauto component of GNP
than in the earlier quarters of its re- was weaker than the IIP.
ERRATA
Corrections are shown here for certain items in the "National Income and Product Accounts of the United States: Revised Estimates,
1929-74" published in parts I and II of the January 1976 SURVEY OF CURRENT BUSINESS. Additional corrections for certain items published
in the February 1976 SURVEY OF CURRENT BUSINESS are contained in tables 12 and 28 of the National Income and Product tables in this issue.
Page
Table
Line
Year
Quarter Published
orrect
Correct
Line
Pag
1.2
10
1974
II
86.1
86.3
PART 2
6
15
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
32
33
33
33
33
33
33
1.8
1. 11
1. 17
1. 17
1. 17
1. 17
1. 17
1. 17
1. 17
1. 17
1. 17
1. 17
1. 17
1. 17
1. 17
1. 17
1. 17
1.17
1. 17
1.17
1. 17
1.17
1.17
1.17
1. 17
1. 17
1. 17
1.17
3
3
2
3
5
13
15
2
3
5
15
2
3
13
15
2
3
5
13
15
3
3
3
3
3
3
15
3
1946
1962
1958
1958
1958
1958
1958
1958
1958
1958
1958
1958
1958
1958
1958
1958
1958
1958
1958
1958
1959
1959
1961
1969
1973
1974
1955
1961
Quarter Published
Correct
PART 2—Continued
PART 1
57
Year
II
I
I
I
I
I
II
II
II
II
III
III
III
III
IV
IV
IV
IV
IV
II
III
IV
I
383.7
339.1
21.2
18.1
7. 1
-.5
-. 2
20.3
17.5
7.2
-.4
19.7
17.2
-.2
.0
20.4
17.6
6.6
1.0
.2
21. 6
22.2
19.2
33.8
41.6
33.4
-.6
18.4
385.7
439. 1
20.8
17.7
6.7
-.2
.2
20.2
17.4
7. 1
-.3
19.6
17. 1
.1
.1
20.9
18.1
7.0
.6
-. 2
21. 5
22. 1
19. 1
33.7
41.5
33.3
.6
18.3
33
34
35
35
37
43
1. 17
1. 17
1. 17
1. 17
2. 1
2. 1
2.2
43
2.2
44
2.2
53
59
59
59
59
59
59
70
73
79
92
92
99
99
99
100
100
101
103
3.2
3.4
3.4
3.4
3.4
3.4
3.4
5. 1
5. 1
5. 10
7.5
7.5
7.9
7.9
7.9
7.9
7.9
7.9
7. 11
33
3
1961
1963
3
2
1967
1972
2
2
1973
1950
33
1964
(1964— Nonfarm income)
1965
(Mar.—all
industries)
(Feb. —person- 1974
al contributionis)
1968
15
1961
33
1961
35
1962
33
1962
35
1963
33
1963
35
1956
2
1955
2
1974
12
1948
10
1949
10
1974
15
1961
4
1953
3
1958
6
12
1966
12
1961
1962
17
II
IV
I
II
_
I
.
18.5
18.6
25.3
25.4
32.8
32.9
43.9
3.9
. 600, 971 700, 971
150.9
50.9
480.7
480. 9
_
_
_
_
_
_
I
III
IV
I
I
III
III
II
III
357. 9
352.9
46.2
46.4
4, 162
2,670
2,348
2, 876
2, 585
3, 425
2, 830
68, 389
59-6
59.5
30.7
31.0
106. 5
94.2
69.9
96.2
81.3
82.3
61. 1
4,307
2,348
2,670
2,585
2,876
2,830
3,425
68, 379
59.6
59. 1
31.0
30.7
105.8
94. 1
66.9
96.3
81.5
82. 1
67. 1
11
SUEVEY OF CUEEENT BUSINESS
April 1976
NATIONAL INCOME AND PRODUCT TABLES
1975
1974
1974
1975
IV
I
II
1976
III
IV
IP
1974
1974
1975
1975
IV
I
Seasonally adjusted at annual rates
II
1976
III
IV
IP
Seasonally adjusted at annual rates
Billions of current dollars
Billions of 1972 dollars
Table 1.— Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross national product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
..
.
Gross private domestic investment
Fixed investment _ .. .
..- _ _
Nonresidential
Structures
Producers' durable equipment
Residential
Nonfarm structures
Farm structures _ . . . ,
.
Producers' durable equipment
Change in business inventories.
Nonfarm
Farm
. .
Net exports of goods and services
Exports
Imports
..
..
Government purchases of goods and services
Federal
National defense
Nondefense
State and local
1,406.9 1,498.9 1,441.3 1,433.6 1,460.6 1,528.5 1,572.9 1,616.3 1,210.7 1,186.1 1,186.8 1,158.6 1, 168. 1 1,201.5 1, 216. 2 1,238.4
885.9 963.8 908.4 926.4 950.3 977.4 1,001.0 1,028.7 759.8 766.9 748.9 752.3 764.1 771.6 779.4
793.7
. . - 121.9 128.1 117.3 118.9 123.8 131.8 137.6 146.5 112.5 109.5 102.9 104.0 106.5 112.3 115.3
121.3
- 375.7 409.8 387.1 394.1 404.8 416.4 423.7 431.0 303.0 306.6 298.9 300.8 306.9 308.0 310.7
315.7
388.3 426.0 404.0 413.4 421.6 429.2 439.7 451.2 344.4 350.7 347.2 347.5 350.8 351.2 353.3
356.8
182.6 210.3 168.7 161.4 194.9 205.4 229.6
180.0 138.3 166.9 129.7 124.1 147.8 151.4
212.2
166.0
. 202.5 197.3 199.8 193.5 191.1 197.1 207.4 215.5 172.2 148.8 159.3 148.7 144.8 148.7 153.0
156.5
147.9 148.5 151.1 149.3 146.1 146.7 151.9 156.8 127.5 112.2 120.8 115.2 110.8 110.6 112.3
114.4
55.2
51.2
52.7
56.1
53.6
37.2
54.9
51.1
40.5
42.7
54.4
38.9
36.2
36.2
38.1
37.4
94.4
75.1
95.8
95.6
98.3 101.7
84.9
95.0
80.3
93.5
95.0
76.3
74.7
74.5
76.3
74.9
58.7
44.2
50.4
48.7
55.4
44.7
48.7
36.6
38.5
45.0
33.6
42.1
54.6
34.0
40.7
38.0
56.5
48.2
43.1
36.4
52.2
46.8
42.6
53.3
42.6
46.3
35.0
32.3
32.4
36.2
40.3
39.0
.7
.5
.4
.8
.7
.4
.9
.6
1.2
.8
.5
.3
.4
.5
.6
1.0
1.5
1.2
1.4
1.1
1.2
1.3
1.4
1.3
1.3
1.3
1.1
1.2
1.3
1.0
1.3
1.2
14.1
10.4 -24.8 -29.6 -2.1 -2.0
7.7 -10.5
7.6 -19.0 -20.7
9.5
9.7 -14.6
-.8 -1.6
10.1
13.7 -23.3 -29.6 -5.7 -7.5
8.5 -11.8
9.0 -17.9 -20.6 -3.3 -5.3
6.8
11.6 -16.5
4.0
-3.2 -1.5
-.1
-.1
3.6
5.6
-.8
1.3 -1.5 -1.2
2.7
-1.9
1.9
2.5
3.7
9.7
22.1
24.2
21.7
8.2
23.4
21.3
16.6
17.4
17.3
21.5
7.7
24.9
23.5
23.8
17.1
... .
144.2
136.5
147.8
126.5
153.6
145.3
148.2
130.9
140.7
116.4
148.5
126.4
153.8
132.1
151.3
141.7
97.6
81.0
90.6
67.2
95.7
78.3
90.7
69.2
86.8
62.0
90.8
67.3
94.0
70.2
91.5
74.4
301.1
331.2
314.4
321.2
324.7
334.1
344.8
348.4
254.3
257.6
253.6
255.1
254.9
258.7
261.6
261.6
111.7
77.4
34.3
189.4
123.2
84.0
39.2
208.0
118.2
80.5
37.7
196.3
119.4
81.4
38.0
201.9
119.2
82.1
37.1
205.5
124.2
84.9
39.3
209.9
129.9
87.4
42.5
214.8
131.2
87.0
44.1
217.2
95.0
94.3
94.7
93.7
92.4
94.9
96.1
95.8
159.3
163.3
158.9
161.4
162.5
163.8
165.5
165.7
Table 2. — Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product
Final sales
Change in business inventories
1,406.9 1,498.9 1,441.3 1,433.6 1,460.6 1,528.5 1,572.9 1. 616. 3 1,210.7 1, 186. 1 1, 186. 8 1, 158. 6 1, 168. 1 1,201.5 1, 216. 2
1, 238. 4
1,397.2 1, 513. 5 1, 430. 9 1, 458. 4 1, 490. 2 1, 530. 6 1, 574. 9 1, 602. 2 1, 203. 0 1, 196. 6 1, 179. 3 1, 177. 6 1, 188. 7 1, 202. 4 1, 217. 8
-2.1 -2.0
10.4 -24.8 -29.6
14.1
7.7 -10.5
7.6 -19.0 -20.7
-.8 -1.6
9.7 -14.6
1, 228. 9
9.5
636.3
676.3
647.7
635.4
653.9
698.9
716.8
737.7
549.9
530.1
531.9
510.1
518.4
542.7
549.4
564.8
Final sales
Change in business inventories
626.5
9.7
690.9
-14.6
637.3
10.4
660.2
-24.8
683.5
-29.6
701.1
-2.1
718.7
-2.0
723.7
14.1
542.2
7.7
540.7
-10.5
524.4
7.6
529.2
-19.0
539.0
-20.7
543.5
-.8
551.0
-1.6
555.3
9.5
Durable goods
Final sales
Change in business inventories. .
246.1
238.5
7.5
251.1
261.7
-10.6
254.1
239.3
14.9
229.2
243.8
-14.6
243.3
258.8
-15.5
261.9
267.5
-5.6
269.9
276.7
-6.8
275.5
281.4
-5.8
223.5
217.7
5.8
203.4
211.4
-7.9
215.9
205.2
10.7
191.6
203.4
-11.7
198.2
209.7
-11.5
210.7
214.3
-3.7
213.3
218.1
-4.7
216.5
220.7
-4.2
Nondurable goods ... .
Final sales
Change in business inventories
390.2
388.0
2.2
425.2
429.2
-4.0
393.6
398.0
-4.4
406.2
416.4
-10.2
410.6
424.7
-14.1
437.0
433.5
3.5
446.9
442.1
4.8
462.2
442.3
19.9
326.5
324.5
1.9
326.7
329.3
-2.6
316.1
319.2
-3.1
318.5
325.8
-7.3
320.2
329.4
-9.2
332.0
329.2
2.8
336.1
332.9
3.1
348.3
334.5
13.8
Services .
624.1
681.3
649.7
659.3
672.0
688.1
705.9
725.3
544.7
554.4
548.1
548.1
552.5
556.7
560.3
566.4
Structures
146.6
141.3
143.9
138.9
134.6
141.4
150.3
153.2
116.1
101.5
106.8
100.4
97.2
102.2
106.4
107.2
1, 406. 9 1, 498. 9 1,441.3 1, 433. 6 1,460.6 1, 528. 5 1, 572. 9 1,616 3 1,210 7 1,186 1 1,186 8 1,158 6 1, 168. 1 1,201.5 1, 216. 2
1, 238. 4
Goods
Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
Gross domestic product
.
Business
Nonfarm t>
Farm
Statistical ldiscrepancy
Residual p
Households and institutions
Government -_
Federal
State and local
Rest of the world
1, 392. 5 1, 488. 4 1, 426. 6 1, 424. 0 1, 450. 6 1,516.9 1,562.2 1, 603. 0 1,203 7 1, 181. 3 1,180 3 1, 154. 3 1, 163. 5 1, 196. 1 1, 211. 3 1, 232. 3
1 186 6 1 262 6 1 213.2 1 205 5 1 227 4 1 289.2 1 328 3 1 364 9 1 024 4
1, 138. 7 1, 215. 2 1, 161. 7 1, 162 9 1,191 3 1, 237. 5 1,269 0
993 5
50 l
52 1
48 5
45 8
45 1
55 0
54 4
48 6
31 5
2.9
-3.2
-3.2
—8.9
—.6
50
—2.6
_ 5
979 5 1 Oil 1 1, 025. 7
954.3 977.1 985.1
32 3
36 5
36.8
—2 1
24
—2 6
—7 1
—2.5
3.9
1,045.8
37.9
44.8
49.5
46.5
47.5
48.7
50.2
51.6
52 8
38.5
39.2
38.4
38.8
39.2
39.4
39.2
39.6
161.1
54 7
106 4
176 3
58 8
117 4
166.9
56 9
110 0
170 9
57 6
113 3
174 5
58 1
116 4
177.4
58 6
118 8
182.2
61 0
121 2
185 3
61 6
123 7
140 8
47 9
92 9
145 1
47 8
97 3
141 8
47 9
94 0
143.5
47 9
95 7
144.8
47 8
97.0
145.7
47.8
97.8
146.3
47.7
98.7
146.9
47.6
99.3
14.4
10.5
14.8
96
10 0
11.6
10 7
13 3
70
48
6 5
4.3
4.5
5.4
4.9
6.1
* Preliminary.
1. Equals GNP in constant dollars measured as the sum of final products less GNP in
constant dollars measured as the sum of gross product by industry.
997 1 1 000 1 972 1
964 0 965 8 939 6
35 i
31 9
35 0
NOTE.—Final sales is classified as durable or nondurable by type of product. Change in
business inventories is classified as follows: for manufacturing, by the type of product produced by the establishment holding the inventory; for trade, by the type of product sold by the
establishment holding the inventory; for construction, durable; and for other industries,
nondurable.
SURVEY OF CURRENT BUSINESS
12
1975
1974
1974
1975
IV
I
II
April 1976
1976
III
IV
IP
1974
1974
1975
IV
1975
I
Seasonally adjusted at annual rates
1976
II
III
IV
I*
Seasonally adjusted at annual rates
Billions of current dollars
Billions of 1972 dollars
Table 4.—Net National Product and National Income by Sector in Current and Constant Dollars (1.11, 1.12)
Net national product
"Net domestic product
Business
Nonfarm *
Farm
-
Statistical discrepancy
Residual * 1
Households and institutions
Government
Rest of the world
1,272.9 1,346.9 1,299.3 1,288.2 1,311.1 1,373.8 1,414.4 1,453.2 1, 094. 0 1,063.8 1, 067. 6 1, 038. 5 1,046 8 1,078 6 1 091 4 1 112 7
1, 258. 5 1,336.4 1,284.5 1, 278. 6 1,301.1 1,362.1 1,403.6 1, 439. 9 1, 087. 0 1,059.1 1,061.2 1, 034. 3 1,042 3 1,073 2 1 086 5 1 106 5
1, 052. 5 1, 110. 6 1, 071. 1 1, 060. 2 1, 078. 0 1, 134. 5 1, 169. 8 1, 201. 7 907.7 874.8 880.9 852.0 858.2 888.2 900 9
920 0
884.8 849.9 854.8 827.6 841.2 862.3 868 5
1, 014. 7 1,073.9 1, 030. 0 1, 028. 0 1, 052. 4 1, 093. 5 1,121.4
44.2
39.3
38.2
35.3
34.5
43.4
23.5
27.0
28.4
38.5
40.9
23.7
24.2
26.9
- -._____
28.6
30 0
2.9 -3.2 -8.9 -3.2
5.0
-.6 -2.6
-.5 -2.1
2.4
—2 6
—7 1 —2.5
39
50.2
47.5
48.7
51.6
38.5
39.2
46.5
49.5
38.4
52.8
39 2
39.4
44.8
38.8
39 2
39 6
182.2
174.5
177.4
170.9
140.8
145.1
176.3
166.9
185.3
141.8
161.1
143.5 144.8 145.7 146.3
146 9
10.0
10.7
10.5
7.0
4.8
9.6
11.6
13.3
14.8
14.4
6.5
4.3
4.5
5.4
4.9
61
1,155.2
1,262.6
1,
207.
8
977.4
947.8
1,232.5
1,180.8
1,161.3
948.5 924.7 935.9 962.7 968.1
1, 141. 1
1, 126. 7 1, 197. 3 1, 146. 5 1, 145. 6 1, 170. 8 1,220.9 1,251.9
970.4
943.1
942.0
920 4
931.4
957.3
963.2
791.0
758.8
761.7
738.1
747.3
772.3
777.6
947.6
993.3 1, 018. 0
920.8
971.5
933.1
927.1
884.0
36.7
934.7
36.8
896.9
36.2
894.2
32.9
915.7
31.9
951.7
41.5
977.3
40.7
38.2
766.1
25.0
730.2
28.6
736.6
25.2
709.4
28.7
721.6
25.7
742.3
30.0
747.6
30.0
44.8
49.5
46.5
47.5
48.7
50.2
51.6
52.8
38.5
39.2
38.4
38.8
39.2
39.4
39.2
39.6
Government
161.1
176.3
166.9
170.9
174.5
177.4
182.2
185.3
140.8
145.1
141.8
143.5
144.8
145.7
146.3
146.9
Rest of the world
14.4
10.5
14.8
9.6
10.0
11.6
10.7
13.3
7.0
4.8
6.5
4.3
4.5
5.4
4.9
6.1
Business
Nonfarm
Farm
.- -
Households and institutions
32.5
Table 5.—Auto Output in Current and Constant Dollars (1.16, 1.17)
Auto output
Final sales
--
Personal consumption expenditures .
New autos
Net purchases of used autos
Producers' durable equipment.
New autos
Net purchases of used autos
Net exports
Exports
Imports _ _
Government purchases of goods and services —
Change in inventories of new and used autos
New
Used
. ..
Addenda:
Domestic output of new autos 2
Sales of imported new autos *
42.9
42.1
44.5
45.6
40.6
38.5
34.6
40.7
42.5
43.0
53.0
48.5
47.6
50.1
58.5
57.6
40.2
39.6
39.4
40.3
36.1
33.8
32.1
37.3
38.0
38.1
46.5
42.8
40.8
43.0
49. 4
48. <
36.4
27.6
37.3
29.5
32.4
23.3
9. 1
33.7
27.4
34.5
26.9
39.4
31.0
41.7
32.8
48.4
38.9
33.4
26.2
31.7
25.7
27.5
20.9
29.9
24.5
29.5
23.5
33.2
26.9
34.3
27.8
39. 1
10.7
15.1
-4.5
-2.2
13.7
-4.2
-1.9
10.8
14.9
-4.1
-2.4
11.1
-3.6
-1.8
11.2
-2.7
11.6
-2.9
7.S
9. (
12.^
-2. {
4.3
6.2
-.5
4.8
5.3
10.6
-2.6
10.0
13.1
-3.1
-1.0
.7
.7
.7
.6
.6
.5
.6
.6
5.1
6.
.
-.9
2.4
-5.2
.0
3.7
-2.2
.
.4
2.6
-.3
-5.5
.3
-.2
.1
3.2
.5
-2.7
32.0
31.7
24.7
30.4
39.5
33.4
8.7
7.8
7.8
9.2
6.8
6.2
7.9
7.6
8.7
11.7
-3.9
-2.7
12.9
-3.8
-1.6
10.6
-3.8
-1.3
10.8
-3.0
-1.5
12.2
-3.4
4.7
6.2
-.9
5.2
6.2
.6
.7
.6
.6
.7
4.6
7.3
5.5
7.1
5.3
6.6
8.4
5.8
8.0
9,0
9.5
6.3
8.2
9.6
6.1
8.5
7.2
7.5
.8
-1.1
2.2
-6.1
-.4
4.5
-2.4
.9
.6
.8
.0
-1.6
.5
2.5
-.3
-6.5
.4
-.6
.2
3.7
.8
-3.1
.7
.8
.1
.6
.0
35.4
36.8
10.7
35.3
27.5
10.9
34.7
10.8
45.6
10.3
39.5
10.6
49.7
10.3
33.4
9.0
8.3
8.5
6.1
8.5
-1.3
9.3
6.7
6.4
9.5
-3.1
-.7
4.7
5.4
7.4
5.4
7.5
9.7
-2.2
-.6
4.2
4.7
.5
9.7
6.1
8.0
.0
4.6
4.6
.5
9.4
6.3
6.5
8.7
-.5
5.3
5.8
5.0
6.0
32.:
-.1
.5
9.0
8.9
41.
8.
Table 6.—Personal Consumption Expenditures by Major Type of Product in Current arid Constant Dollars (2.3, 2.4)
Personal consumption expenditures
Durable goods
Motor vehicles and parts
. .
Furniture and household equipment
Other.
Nondurable goods
Food
Clothing and shoes .
Gasoline and oil
Fuel oil and coal
Other. .
Services
Housing
Household operation
Electricity and gas _ .
Other
Transportation
Other.
..
885.9
963.8
908.4
926.4
950.3
977.4 1, 001. 0 1, 028. 7
759.8
766.9
748.9
771.6
779.4
793.7
128.1
117.3
118.9
123.8
131.8
137.6
146.5
112.5
109.5
102.9
752.3
104.0
764.1
121.9
106.5
112.3
112.3
121.3
48.0
54.7
19.3
49.5
57.4
21.1
43.6
54.3
19.4
44.6
54.1
20.2
46.1
57.0
20.8
52.1
58.3
21.4
55.1
60.4
22.2
62.5
61.4
22.6
44.4
50.5
17.6
42.4
49.3
17.9
37.7
48.2
17.0
39.6
47.1
17.3
39.8
49.1
17.6
44.4
49.9
18.0
45.7
51.0
18.5
51.5
51.2
18.6
375.7
409 8
387.1
394.1
404.8
416.4
423.7
431.0
303.0
306.6
298.9
300.8
306.9
308.0
310.7
315.7
189.4
65.2
36.4
9.5
75.2
209.1
69.9
40.3
10 2
80.3
197.4
64.8
38.8
9.8
76.1
202.8
66.7
38.1
9.4
77.1
206.6
69.0
39.6
10.1
79.5
211.4
71.3
41.2
11.1
81.5
215.6
72.5
42.1
10.4
83.1
220.2
73.8
41.7
11.0
84.3
147.1
59.0
24.6
5.2
67.0
150.2
61.2
25.9
5.2
64.1
146.4
57.1
26.5
5.1
63.8
148.2
58.7
26.1
5.0
62.8
150.7
60.9
26.3
5.3
63.7
150.2
62.1
25.4
5.5
64.8
151.8
62. 9
25.8
5.0
65.3
155.5
63.5
26.4
5.4
64.9
388.3
426.0
404 0
413.4
421 6
429.2
439.7
451.2
344.4
350.7
347.2
347.5
350.8
351.2
353.3
356.8
136 0
56.4
24.0
32.3
148 8
63.3
28.7
34 6
140 7
59.2
26.2
33 0
143 9
60.6
27.3
33.3
147 0
63.1
28.9
34 2
150 2
64.7
29.8
35 0
154.1
64.9
28.9
36.0
157 9
66.4
30.1
36 3
122.8
48.4
19.7
28.8
127.4
49.4
20.4
29.0
124.3
48.8
20.2
28.6
125.5
48.7
20.3
28.5
126.9
49.9
20.9
28.9
128.0
49.9
20.8
29.2
129.3
49.2
19.7
29.4
130.7
49.5
20.4
29.0
30 9
165 0
34 1
179 8
32 1
172 0
33 0
175 9
33 5
177 9
34 2
180 1
35 5
185 2
36 3
190.6
28 5
144.7
28.4
145.5
28 3
145.8
28.4
144.9
28.3
145.8
28.2
145.1
28.8
146.1
28.9
147.7
» Preliminary.
1. Equals GNP in constant dollars measured as the sum of final products less GNP in
constant dollars measured as the sum of gross product by industry.
2. Final sales and change in inventories of new autos produced in the United States.
3. Consists of personal consumption expenditures, producers' durable equipment, and
government purchases.
13
SURVEY OF CURRENT BUSINESS
April 1976
Table 7.—Inventories and Final Sales of Business in Current and Constant Dollars (5.9, 5.10)
1975
1974
1974
1975
I
IV
II
1974
1976
III
IP
IV
1974
1975
1975
I
IV
II
.
Durable goods
Nondurable goods
Manufacturing
....
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
.
. . ..
Retail trade
Durable goods
Nondurable goods
...
Other
Final sales 2
Nonfarm
422.3
412.6
413.1
423.7
426.3
431.9
301.1
296.4
291.2
291.0
290.6
293.0
57.6
364.8
54,7
357.9
60.3
352.8
64.1
359.7
63.2
363.1
63.4
368.5
41.4
259.7
41.2
255.2
41.1
250.1
41.8
249.3
42.7
247.9
43.4
249.6
205.4
159.3
203.0
154.9
199.4
153.4
202.0
157.6
204.7
158.4
206.0
162.6
151.5
108.2
148.6
106.7
145.7
104.4
144.8
104.5
143.6
104.3
142.5
107.1
188.6
186.6
183.6
186.1
188.5
189.7
129.5
128.8
126.4
125.1
124.5
124.2
121.2
67.4
121.6
65.0
119.9
63.6
120.2
65.9
121.2
67.3
121.4
68.3
86.3
43.2
86.4
42.4
85.2
41.2
83.6
41.5
82.5
42.1
81.6
42.6
66.3
65.1
63.8
65.1
65.7
67.2
48.1
47.2
45.8
45.6
45.4
46.3
38.6
27.7
38.8
26.3
38.1
25.7
38.4
26.7
39.3
26.4
40.1
27.0
29.5
18.6
29.4
17.8
28.8
17.0
28.4
17.2
28.5
16.9
28.7
17.6
76.5
73.3
72.4
75.3
74.9
77.0
59.2
56.6
55.5
56.4
55.6
56.7
27.9
31.3
25.4
31.3
24.6
30.9
25.5
30.9
25.2
30.4
24.9
31.8
22.6
22.3
22.1
35.1
41.4
32.5
40.8
31.6
40.8
33.4
41.9
33.6
41.3
33.7
43.3
33.4
32.9
33.0
33.1
34.1
34.7
22.9
22.3
22.4
992.5
991.1 1,000.1 1,012.0 1,027.3
1,036.3
1, 148. 0 1, 186. 2 1,220.8 1,243.2 1, 276. 5
956.8
957.5
974.9
980.5
990.4
.303
.271
.299
.267
.291
.257
.288
.254
.283
.250
.351
.318
.335
.302
.329
.289
Table 8.—Relation of Gross National Product, Net National Product,
National Income, and Personal Income (1.9)
1974
1975
IV
1975
I
II
.328
.289
.320
.284
.320
1974
1976
rv
III
1974
IP
1975
152.0
142.1
145.4
149.5
154.7
158.5
163.1
Equals: Net national product- .1,272.9 1,346.9 1,299.3 1,288.2 1,311.1 1,373.8 1,414.4 1,453.2
Less: Indirect business tax
and nontax liability. . . 127.3 137.3 129.5 131.6 135.2 140.0 142.2 142.6
Business transfer payments
6.3
6.0
6.3
5.8
6.2
6.4
6.5
6.6
Statistical discrepancy. . -.6 -2.6
-8.9 -3.2
2.9 -3.2
5.0
Plus: Subsidies less current
surplus of government
enterprises
1.9
.7
.4
1.6
-.1
2.2
1.9
1.9
Equals: National income
Less: Corporate profits with
inventory valuation
and capital consumption adjustments
1,141.1 1,207.8 1,161.3 1,155.2 1,180.8 1,232.5 1,262.6
91.3
100.3
82.0
78.9
96.6
113.1
81.6
76.7
78.7
79.7
82.2
85.7
89.2
108.3
105.0
106.0
106.6
108.9
111.8
118.4
.0
.0
.0
.0
.0
.0
.0
Plus: Government
transfer
payments to persons. . 134.5
Personal interest income. 106.5
Dividends
31.1
Business transfer payments
5.8
168.7
120.5
32.8
145.5
114.0
31.7
157.7
116.0
32.1
169.4
117.6
32.6
172.4
121.2
33.5
175.2
127.4
33.1
181.3
131.7
33.3
6.3
6.0
6.2
6.3
6.4
6.5
6.6
Gross national product
Less: Capital consumption allowances with capital
consumption adjustment
II
III
IV
I*
112.7
1,154.7 1,245.9 1,194.8 1,203.6 1,223.8 1,261.7 1,294.5 1,324.4
1,210.7 1, 186. 11,186.8 1,158.6 1, 168. 1 1,201.5 1, 216. 2 1,238.4
116.7
122.2
119.2
120.0
121.2
123.0
124.8
125.7
Equals: Net national product. . . 1094. 0 1063.8 1067.6 1038.5 1046.8 1078. 6 1091.4 1,112.7
Less: Indirect business taxes
plus transfer payments
less subsidies plus current surplus of government enterprises.
Residual *3
Equals: National income
9
Net interest.
70.7
Contributions for social
insurance
102.9
Wage accruals less disbursements
-.5
Equals: Personal income
I
IV
1976
Billions of 1972 dollars
1,406.9 1,498.9 1,441.3 1,433.6 1,460.6 1,528.5 1, 572. 9 1,616.3
134.0
1975
Seasonally adjusted at annual rates
Billions of dollars
Gross national product .
.283
Table 9.—Relation of Gross National Product, Net National Product,
and National Income in Constant Dollars (1.10)
Seasonally adjusted at annual rates
Less: Capital consumption allowances with capital consumption adjustment
IP
1,202.7 1,230.4 1,257.0 1,291.4 1,330.3 1,350.8
Ratio of inventories to final sales
Nonfarm
1974
IV
Billions of 1972 dollars
Billions of current dollars
Farm
Nonfann
III
Seasonally adjusted
Seasonally adjusted
Inventories1.-
1976
117.2
118.1
116.8
116.4
118.1
118.4
119.5
-.5
-2.1
2.4
-2.6
-7.1
-2.5
3.9
977.4
947.8
948.5
924.7
935.9
962.7
968.1
119.0
Preliminary.
1. Stocks are as of the end of the quarter. The quarter-to-quarter change in inventories calculated from the current-dollar stocks shown in this table is not the current-dollar change in
business inventories (CBI) component of GNP. The former is the difference between two
inventory stocks, each valued at end-of-quarter prices. The latter is the change in the physical
volume of inventories valued at average prices of the quarter. In addition, changes calculated
from this table are at quarterly rates, whereas CBI is stated at annual rates.
2. Quarterly totals at annual rates.
3. Equals GNP in constant dollars measured as the sum of final products less GNP in constant dollars measured as the sum of gross product by industry.
NOTE.—Inventories are classified as durable or nondurable as follows: for manufacturing,
by the type of product produced by the establishment holding the inventory; for trade by
the type of product sold by the establishment holding the inventory; for construction, durable;
and for other nonfarm industries, nondurable.
SURVEY OF CURRENT BUSINESS
14
1975
1974
1974
1975
I
IV
II
April 1976
1974
1976
IV
III
IP
1974
1975
Seasonally adjusted at annual rates
II
III
IV
I*
Billions of dollars
Table 12.—Gross Domestic Product of Corporate Business (1.15)
Table 10.—National Income by Type of Income (1.13)
National income
1 141 11 207 81 161 31,155 2 1 180 8 1,232 5 1 262.6
Compensation of employees
873.0 921.4 898.1 897.1 905.4 928.2 955.1
Wages and salaries
763.1 801.6 783.6 781.0 787.6 807.3 830.7
Private
603.0 627.3 617.7 611.7 615.0 631.9 650.5
23.6
Military...
23.0
23.0
22.9
22.8
22.3
Government civilian
137.7 151.3 142.9 146.4 149.7 152.6 156.5
Supplements to wages and
salaries
110.0 119.8 114.4 116.1 117.8 120.9 124.4
Employer contributions
60.6
57.1
57.5
for social insurance
65.5
58.5
56.9
58.9
63.8
Other labor income. _
60.3
61.3
57.6
59.0
62.0
54.5
Proprietors' income with inventory valuation and capital consumption adjust87.1
ments
83.6 79.6 78.6
88.0
85.1 83.3
28.2
Farm
_ . ...
24.6
24.6
20.1
25.6
21.0
29.3
Proprietors' income with
inventory valuation adjustment and without
capital consumption ad32.6
justment
_. _
28.9
28.6
25.1
24.3 33.6
29.3
Capital consumption adjustment. .
-3.7 -4.3 -4.0 -4.1 -4.2 -4.3 -4.4
58.5
Nonfarm
58.7
59.0
58.7
58.9
59.5
58.6
Proprietors' income without inventory valuation
and capital consump61.2
tion adjustments
60.0
59.1
62.0
62.5
59.1 60.4
Inventory valuation adjustment
—4.1 -1.3 -4.6 -1.3
-.9 —1.5 -1.5
Capital consumption adjustment
.0
.8
.3
-.3
-.8
1.1
1.6
Rental income of persons with
capital consumption ad22.0
justment21.1 20.9
21.0
20.8
20.5
20.9
Rental income of persons
33.2
35.0
33.9
34.6
35.1 36.3
32.9
Capital consumption adjustment
-11.9 -13.9 -12.3 -13.1 -14.1 -14.2 -14.3
Corporate profits with inventory valuation and capital
consumption adjustments..
82.0
96.6 113.1 112.7
91.3 100.3
78.9
Corporate profits with inventory valuation adjustment and without
capital consumption adjustment
86.1
93.6 106.0
83.4 101.6 119.6 119.3
Profits before tax
132.1 116 8 123.9
97.1 108.2 129.5 132 4
Profits tax liability
50.7
52.5
52.6
49.2
41.6
45.6
37.5
Profits after tax
74.7
66.6
78.8
79.9
79.5
71.2
59.6
Dividends
33.5 33.1
31.1
31.7
32.8
32.1 32.6
43.0
34.0
45.3 46.8
Undistributed profits.
48.4
27.5
38.4
Inventory valuation adjustment
-38.5 -10.8 -37.7 -13.7 -6.6 -9.9 -13.1
Capital consumption adjustment
—2.3 -5.7 -4.2 -4.5 -5.0 -6.5 -6.6
Net interest
82 2
85 7
70 7
81 6
76 7 78 7 79 7
982.2
851.1
668.5
23.6
159.0
131.1
65.0
66.1
Gross domestic product of corporate business
29.9
—4.6
59.6
61.5
— 9
—1 1
22.7
37.4
—14.7
854.6 912.1 869.2 865.9 892.4 933.0 956.9
Capital consumption allowances with
capital consumption adjustment
82.1
Net domestic product
Indirect business taxes plus transfer
payments less subsidies
92.8 100.4
D omestic income
Corporate profits with inventory
valuation and capital consumption adjustments .
_
Profits before tax
Profits tax liability
Profits after tax
Dividends _
Undistributed profits
___
91.6
95.5
97.7 100.1
95.5
98.8 102.8 104.7 103.3
502.1 518.6 513.3 506.0 508.1 522.0 538.2 552.9
80.4
85.9
83.5
83.4
84.3
80.2
94.4
71.0
73.1
90.7 106.9 107.0
52.6
68.5
30.9
37.5
45.6
65.3
30.9
34.4
49.2
63.7
30.6
33.0
86.6
89.2
94.4
91.3 102.3 123.3 126.6
37.5
53.8
30.1
23.7
41.6
60.8
30.6
30.1
50.7
72.6
31.5
41.1
52.5
74.1
31.4
42.7
29.4
Inventory valuation adjustment. -38.5 -10.8 -37.7 -13.7 -6.6 -9.9 -13.1 -11.0
Capital consumption adjustment _
-2.3 -5.7 -4.2 -4.5 -5.0 -6.5 -6.6 -7.6
Net interest-
. ..
Gross domestic product of1 financial corporate business _ -
D omestic income
19.3
19.8
18.7
18.9
19.2
20.2
46.0
48.0
47.4
49.5
47.3
46.7
48.4
21.0
808.7 864.1 821.8 816.4 845.1 886.2 908.5
78.3
89.0
83.1
85.0
87.3
91.0
92.9
95.1
86.0
93.2
87.5
88.5
91.6
95.5
97.2
95.7
644.4 681.8 651.2 642.9 666.2 699.8 718.4
..
549.5 568.7 562.3 554.4 556.9 572.7 590.9 609.8
Compensation of employees
Wages and salaries
Supplements to wages and salaries
.
. _
Corporate profits with inventory
valuation and capital consumption adjustments
75.2
80.3
78.0
78.0
78.8
80.9
83.4
92.7
91.7
63.2
78.8
54.8
55.3
75.7
94.7
96.3
73.1
86.8 108.5 110.5
42.7
61.1
30.5
30.6
35.9
58.8
30.8
28.0
39.4
56.9
30.4
26.5
27.1
46.0
30.1
15.9
32.0
54.8
30.7
24.0
185.9
279.3
107 5
211.9
269.5
85 9
213.8
274.2
88.6
9.3
27.5
22.4
34.0
28.9
45.3
27.1
46.8
-13.7
-6.6
—9.9 -13.1 —11 0
—4.5
-5.0
-6.5
-6.6
—7 6
89 1
91 6
95 5
97.7
100 1
Gross domestic product of nonfinancial corporate business
Capital consumption allowances with
capital consumption adjustment
_.
474.3 488.5 484.3 476.5 478.1 491.8 507.5 521. 5
_ 103.8
180.3
228.3
73 6
Profits before tax
17.1
730.4 775.0 738.7 731.4 757.8 795.3 815.6
Indirect business taxes plus transfer
payments less subsidies
86 3
94.5
121.1 110.9 112.9
Net domestic product
-7.6
89.2
89.1
... 582.4 604.5 596.8 589.5 592.5 608.6 627.4 647.2
Wages and salaries
Supplements to wages and salaries
Capital consumption allowances with
capital consumption adjustment
-11.0
87.2
679.8 718.2 687.6 681.3 702.1 734.7 754.6
Gross domestic product of nonfinancial corporate business
33.3
93.5
772.6 818.6 782.1 776.8 800.8 837.5 859.2
Compensation of employees
84.9
25.3
Table 11.—Gross Saving and Investment (5.1)
I
1976
Seasonally adjusted at annual rates
Billions of dollars
Gross saying
_.. 210.1 198.0 207.1
Gross private saving
215.7 262.8 226.7
Personal saving
74 0 88.9 83 6
Undistributed
corporate
profits with inventory
valuation and capital
consumption
adjustments
7.6 21.9
1.1
Undistributed profits
48.4 38.4
43.0
Inventory valuation adjustment
_
—38.5 -10.8 -37.7
Capital consumption adjustment-2.3 -5.7 —4.2
Corporate capital consumption allowances with capital consumption adjustment
82 1 93 5 87 2
Noncorporate capital consumption allowances with
capital consumption adjustment
52 0 58 5 54.9
Wage accruals less disburseo
o
o
ments
Government surplus or deficit
(— ), national income and
product accounts
. . . -3.6 -64.8 -19.6
Federal
— 11.7 -74.6 -25.5
State and local
9.8
8. 1
59
Capital grants received by the
United States (net) 2
.0
—2.0
.0
Gross investment
209.5 195.4 210.0
Gross private domestic investment
212.2 182.6 210 3
Net foreign investment
12.8
-2.8
Statistical discrepancy .
— .6 -2.6
2.9
IV
1975
Profits tax liability
Profits after tax
Dividends
Undistributed profits
41.6
66.8
31.3
35.5
88.3
42.8
67.7
31.2 "29." 2
36.5
Inventory valuation adjustment . -38.5 -10.8 -37.7 -13.7 -6.6 -9.9 -13.1 -11.0
Capital consumption adjust-2.1 -5.1 -3.8 -4.1 -4.5 -5.9 -5.8 -6.7
ment
Net interest
31.7
34.3
34.0
33.2
33.6
34.4
35.8
37.3
Billions of 1972 dollars
56 3
57 9
59 2
60.8
63 1
o
o
o
.0
o
Net domestic product
Indirect business taxes plus transfer
payments less subsidies
Domestic income
-48.0 -93.4 -57.6 -60.4
-53.7 -102.2 -70.5 -72, 1
12.9
5.7
8.8
11.7
o
.0
177.1
.0
177.0
.0
208.7
.0
218.8
230.7
168.7
8.4
-3.2
161.4
15.6
-8.9
194.9
13.7
-3.2
205.4
13.4
5.0
229 6
1.1
697.6 680.4 676.5 654.0 671.8 695.0 700.8
69.3
72.8
70.9
71.4
72.2
73.2
74.4
628.2 607.6 605.7 582.5 599.6 621.7 626.4
77.4 77.8 77.0 76.8 77.9 78.1 78.7
550.8 529.7 528.7 505.7 521.8 543.7 547.7
v Preliminary.
.
1. Consists of corporations in the following industries: banking; credit agencies other than
banks; security and commodity brokers, dealers, and services; insurance carriers; regulated
investment companies; small business investment companies; and real estate investment
trusts. These industries together with insurance agents, real estate, and other holding and
investment companies comprise the finance, insurance, and real estate industry.
2. See footnote 1 table 16.
SURVEY OF CUEEENT BUSINESS
April 1976
1974
1974
1975
1975
I
IV
II
15
1974
1976
III
IV
1974
I»
1975
1,154.7 1,245.9 1,194.8 1,203.6 1,223.8 1,261.7 1,294.5 1,324.4
C ommodity-producing
industries 1 _ .
.
Manufacturing
2
Distributive industries
.
_
Service industries 3
Government and government enterprises
Other labor income.
Proprietors' income with inventory valuation and
capital consumption adjustments
Farm
Nonfarm
Rental income of persons
with capital consumption
adjustment
801.6
783.6
781.0
787.6
807.3
830.7
851.1
273.7
211.2
184.3
145.0
273.6
211.2
195.1
158.6
277.7
214.9
189.9
150.1
267.9
205.5
190.3
153.5
267.2
205.9
191.8
156.0
275.3
212.9
196.6
160.0
284.0
220.6
201.8
164.7
293.1
228.6
206.9
168.5
160.6
174.3
165.9
169.3
172.6
175.4
180.2
182.6
54.5
61.3
57.6
59.0
60.3
62.0
63.8
66.1
85.1
83.3
83.6
25.6
59.5
24.6
58.7
24.6
59.0
79.6
78.6
88.0
87.1
84.9
21.0
58.6
20.1
58.5
29.3
58.7
28.2
58.9
25.3
59.6
21.0
21.1
20.9
20.8
20.5
20.9
22.0
22.7
Dividends
Personal interest income
31.1
106.5
32.8
120.5
31.7
114.0
32.1
116.0
32.6
117.6
33.5
121.2
33.1
127.4
33.3
131.7
Transfer payments ..
140.4
175.0
151.6
163.9
175.7
178.8
181.7
187.9
Old-age, survivors, disability, and health insurance benefits
._.
Government unemployment insurance benefits.
Veterans benefits .. - ...
70.1
81.4
75.0
76.6
77.7
85.0
86.2
88.0
6.6
11.7
17.6
14.3
8.2
13.4
15.1
14.6
18.6
13.8
18.7
13.9
17.8
14.9
17.7
16.2
Government employee retirement benefits . .
Aid to families with dependent children.
Other
. .
18.5
21.8
19.6
20.7
21.2
22.1
23.2
24.0
7.9
25.5
9.1
30.9
8.4
27.0
8.7
28.1
8.9
35.4
9.2
29.8
9.5
30.1
9.6
32.4
Less: Personal contributions for social insurance. .
47.4
49.8
48.2
48.8
49.1
50.0
51.2
53.4
Less: Personal tax and nontax payments
171.2
Equals: Disposable personal
income
983.6 1, 076. 7 1,015.9 1,024.0 1,081.7 1,087.1 1,114.0 1,140.0
Less: Personal outlays
909.5
987.8
932.4
950.4
974.2 1,001.3 1,025.4 1,053.6
885.9
963.8
908.4
926.4
950.3
22.6
23.1
23.0
23.0
22.8
23.0
23.4
1.0
1.0
1.0
1.0
1.1
.9
1.0
1.0
74.0
88.9
83.6
73.6
107.5
85.9
88.6
86.3
843.5
856.7
837.6
831.6
869.8
858.2
867.3
879.6
Per capita:
Current dollars
1972 dollars ..
4,642
3,981
5,040
4,010
4,779
3,940
4,808
3,905
5,070
4,077
5,083
4,012
5,197
4,047
5,310
4,097
Population
millions)
211.9
213.6
212.6
213.0
213.4
213.9
214.3
214.7
7.5
8.3
8.2
7.2
9.9
7.9
7.9
7.6
Personal consumption expenditures
Interest paid by consumers
to business
Personal transfer payments
to foreigners (net)
Equals : Personal saving _
169.2
178.9
179.6
142.1
174.6
180.5
184.4
977.4 1, 001. 0 1, 028. 7
23.9
Addenda:
Disposable personal income:
Total, billions of
dollars
.._ .
1972
p Preliminary.
1. Consists of agriculture, forestry, and fisheries; mining; contract construction; and man
ufacturing.
2. Consists of transportation; communication; electric, gas, and sanitary services; and trade.
3. Consists of finance, insurance, and real estate; services; and rest of the world.
Corporate profits with inventory
valuation and capital consumption adjustments
.-_ .
Domestic industries
Financial
Nonfinancial.
.
IV
.
..
Rest of the world
Corporate profits with inventory
valuation adjustment and
without capital consumption
adjustment
91.3 100,3
82.0
78.9
96.6 113.1 112 7
80.2
17.1
63.2
94.4
15.6
78 8
71.0
16.2
54.8
73.1
17.8
55.3
90.7 106.9 107 0
15.0 14.2 15.3
75.7 92.7 91 7
11.0
59
11.0
5.8
5.8
6.2
58
93.6 106.0
86.1
83.4 101.6 119.6 119 3
Domestic industries
Financial..
Federal Reserve banks
Other
N onfinancial
Manufacturing- .
..
Nondurable goods
Food and kindred products
Chemicals and allied products.
Petroleum and coal products ..
Other .
Durable goods
Primary metal industries
.
Fabricated metal products
Machinery, except electrical. ..
Electrical equipment and supplies
Motor vehicles and equipmentOther
82.5 100.1
17.3 16.2
5.7
57
11.5 10.5
65 3 83 9
37.4 45.2
25 6 27 4
3.3 6.6
5.3
6.3
8.9
6.3
8.2
8.3
11 8 17 8
2.1
3.5
2.7
.9
1.8
4.8
75.1
16.5
60
10.5
58 6
31.9
22 6
1.7
4.8
7.7
8.5
9 2
4.3
1.3
1.1
77.6
18.3
5.7
12.5
59 3
30.0
21 1
5.9
4.4
5.2
5.6
89
3.9
1.5
3.4
9
1.0
37
2.0
2.0
4 3
Wholesale and retail trade... ..- Transportation, communication,
and electric, gas, and sanitary
services
Other
Rest of the world
-
13.4
21.9
70
7 5
11 0
8.8
7.9
5.9
Corporate profits before deduction of capital consumption allowances, with inventory valuation adjustment _
95.7 113.4 113 6
15.5 14.9 16 1
5.4
5.7
58
9.4 10 3
9.9
80.2 98.6 97 4
43.5 54.6 52 8
27 5 30.1 30 9
7.1
6.9
6.4
7.5
5.9
7.4
6.0
7.0
6.8
7.5
9.8 10 2
16 0 24.5 21 9
1.4
1.7
12
3.4
2.7
3.0
4.7
5.8
5.3
1.2
.3
.6 -2.2
1 6 1.0
2.2
1.1
36
2.5
4.9
6.5
22
4.2
60
11.9
16.3
21.0
25.1
25 4
6.7
8.1
11.0
5.1
7.9
5.8
7.9
7.8
5.8
11.3
7.6
6.2
11 0
82
5.8
173.3 193.8 169.1 168.0 188.2 208.6 210.4
Domestic industries
-.. .
162.3 187.9 158.1 162.2 182.3 202.4 204.7
Financial
20 8 20.0 20.2 22.0 19.3 18.7 20 1
5.5
5.8
5.7
Federal Reserve banks
5.7
6.0
5.7
5.8
Other
15 0 14 3 14 1 16.2 13.6 13.3 14 2
Nonfinancial
141 5 167.9 138.0 140.3 163.0 183.7 184.6
Manufacturing
69.7 80.1 65.2 63.8 77.9 89.9 88.9
Nondurable goods
41 6 44.8 39.7 38.1 44.5 47.6 48.8
9.4
4.1
9.3 8.9
Food and kindred products
8.3
9.0
5.6
8.2
8.6
9.8 11.4 11.5
Chemicals and allied products 8.9 10.2
Petroleum and coal products .- 14.2 12.2 13.6 11.1 12.8 11.9 12.9
Other
12.9 13.3 13.4 10.5 12.5 15.0 15.4
Durable goods
28 1 35.4 25.5 25.7 33.3 42.3 40.1
6.4
4.2
3.9
Primary metal industries
6.7
4.6
3.8
5.9
4.1
4.8
2.6
2.9
Fabricated metal products
4.0
2.2
4.4
8.2
9.3
6.7
Machinery, except electrical4.3
8.3
9.0
5.0
Electrical equipment and sup5.4
2
9
3.9
5.0
plies
4
9
5
1
35
Motor vehicles and equip7.7
.2
3.7
ment2.9
7.0
3 5 4.7
Other
.
..
- 6.1
5.6
8.2 11.3 10.9
9.0
8.0
Wholesale and retail trade
.
Transportation, communication,
and electric, gas, and sanitary
services .
Other
Rest of the world
_
21.2
30.6
20.0
24.6
29.5
33.9
34.4
29.4
21 2
11.0
34.0
23 1
5.9
30.5
22.3
11.0
29.4
22.5
5.8
32.8
22.8
5.8
36.8
23.1
6.2
37.3
24.1
5.8
NOTE.—The industry classification is on a company basis.
(mid-period,
Personal saving as percent of
disposable personal income. .
III
Table 14.—Corporate Profits by Industry (6.18)
Table 13.—Personal Income and Its Disposition (2.1)
763.6
II
Billions of dollars
Billions of dollars
Wage and salary disbursements
I
IV
1976
I*
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Personal income.
1975
SUEVEY OF CURRENT BUSINESS
16
1974
1974
1975
1975
I
IV
II
April 1976
1974
1976
III
IV
IP
1974
131.4 125.6 137.4 137.6
45.9
Corporate profits tax accruals
39.0
42.9
32.1
99.3 130.5 135.2 137 8
35.5
43.4
45.0
21.7
24.2
21.7
22.3
23.5
25.5
25.4
89.4
93.5
91.1
91.7
91.9
93.9
96.4 102.8
Purchases of goods and services
National defense
Compensation of employees
Other
Nondefense
Compensation of employees
Other
Transfer payments
To persons l
To foreigners
22 7
300.1 356.9 318.6 337.4
352.3 363.8 374.2 380 2
111.7 123.2 118.2 119.4
119.2 124.2 129.9 131.2
77 A
84.0
80.5
81.4
82.1
84.9
87.4
87 0
37.5 39 6
39.9 44.4
38.9
41.6
39.0
42.4
39.1
43.0
39.3
45.6
40.9
46.5
41.2
45 8
34.3
37.7
38.0
37.1
39.3
42.5
44 1
17.2
17.1
39.2
19.2
20.0
18.1
19.6
18.7
19.3
117.7 149.2 127.8 139.2
114 5 146 1 124 8 136 2
3.0
3.0
3.2
3.0
18.9
18.1
19.3
20.0
20.1
22.4
Receipts
20.4
23 7
150.5 152.5 154.5 160.1
147.3 149 5 151.5 157 0
3.2
3.0
3.0
31
57.8
209.0
215.5
219.4
224.8
230.6
233.3
189.4
208.0
196 3
201.9
205.5
209 9
214 8
217.2
106.4
83.0
117.4
90.6
110.0
86.3
113.3
88.6
116.4
89.0
118.8
91.1
121.2
93.6
123.7
93.5
Purchases of goods and services
Compensation of employ ees.
Other .
Transfer payments to persons. . 20.0
22.5
20.7
21.5
22.1
22.9
23.6
24.3
Net interest paid
Paid ..
Less* Received
-3.6
9.4
13 0
—3 0
10.8
13 9
—3.3
9.9
13.2
-3.2
10.4
13 7
—3.2
10.7
13.9
—2.9
11.0
13.9
—2 8
11.3
14 1
-3.0
11.5
14.5
Subsidies less current surplus
of government enterprises.
-4.5
-4.9
-4.7
-4.7
-4.9
25.5
26.1
27 3
29.5
30 6
19.8
4.3
22.6
4.5
20.5
4.5
20.6
4.9
21.6
4.4
22.8
4.5
25.2
4.3
26.3
44
3.0
3.7
2.9
3.2
3.5
3.9
4.2
4.6
— 5
.0
.0
.0
.0
-2.5 -2.3
.0
.0
.0
Exports of goods and services
Capital grants received
by the United
States (net) 1
Payments to foreigners
Imports of goods and services
Transfer payments (net)
From persons (net)
From government (net)
Interest paid by government to foreigners .
Net foreign investment
153.6 148.2
144.2 147.8 153.6 148.2
—2.0
.0
.0
.0
140.7 148.5 153.8 151.3
140.7 148.5 153.8 151. 3
.0
.0
.0
.0
142.2 147.8 153.6 148.2
140.7 148.5 153.8 151.3
136.5 126.5 145.3 130.9
116.4
126.4 132.1 141.7
4.2
4.0
4.0
4.0
4.2
3.9
4.0
4.2
1.0
3.2
1.0
3.0
1.0
3.0
1.0
3.0
1.1
3.2
.9
3.0
1.0
3.0
1.0
3.1
4.3
4.5
4.5
4.9
4.4
4.5
4.3
4.4
-2.8
12.8
—.2
8.4
15.6
13.7
13.4
1.1
f> Preliminary.
1. On February 18, 1974, the U.S. Government granted to India $2,010 million (quarterly
rate) in rupees under provisions of the Agricultural Trade Development and Adjustment
Act. This transaction is being treated as capital grants paid to foreigners in the national income
and product accounts but as current unilateral transfers in the balance of payments accounts.
Accordingly, this transaction is excluded from Federal Government transfers to foreigners
and related totals shown in tables 11, 15, and 16, and is included in the first quarter of 1974
as —$8.0 billion (annual rate) in capital grants received by the U.S. shown in tables 11 and 16.
-5.1
-5.2
.2
.1
.1
.2
.2
.2
.2
Less: Current surplus of
government enterprises
4.7
5.1
4.8
4.9
5.1
5.2
5.3
5.4
Less: Wage accruals less disbursements
.0
.0
.0
.0
.0
.0
.0
o
Surplus or deficit (-), national income and product
accounts
8.1
9.8
5.9
5.7
8.8
12.9
11.7
9.8
—1.7
11.1
-1.3
10.2
-4.3
10.8
-5.0
11.1
-2.2
11.2
1.7
11.2
.5
Social insurance funds
Other funds
11.3
Table 18.—National Income Without Capital Consumption Adjustment by Industry (6.4)
National income without
capital consumption
Table 16.—-Foreign Transactions in the National Income and
Product Accounts (4.1)
142.2 147.8
-5.0
.1
.0
Surplus or deficit (-), national
income and product accounts
-11.7 -74.6 -25.5 -53.7 -102.2 -70.5 -72.1
Receipts from foreigners
15.6
222.6
25.0
-2.8
119.9
201.3
Expenditures
27.1
Less: Wage accruals less disbursements
116.7
15 3
24 1
Less: Current surplus of government enterprises
-1.8 -2.3 -1.3 -1.6
114.5
57.4
Interest paid
50
111.8
15 0
Subsidies
5.1
109.3
46.6
56.8
26 0
4.8
7.5
52.8
25.3
7.0
45 3
7.3
14 7
23.4
4.4
44 1
6.1
14 3
22.6
6.9
42.9
5.5
50.1
22.4
4.4
42 0
6.3
45.4
22.0
7.1
41 5
6.6
14 0
23.4
4.6
43.6
6.7
54.3
21.0
6.3
39.8
14 8
Net interest paid
3.«
242.3
13 5
57.8
5.1
237 7
43.9
57.4
4 5
228.2
Federal grants-in-aid_ _
56.8
6.8
221.2
107.8
52.8
3.4
214 9
113.1
50.1
5.2
232.4
105.6
45.4
Subsidies
209.4
Contributions for social insurance
54.3
Subsidies less current surplus of
government enterprises
nontax
Indirect business tax and nontax accruals
43.9
Less: Interest paid to government..
and
Corporate profits tax accruals. .
Grants-in-aid to State and local
governments
To persons and business
To foreigners
I P ^
Table 17.—State and Local Government Receipts and Expenditures (3.4)
Personal tax
receipts
Contributions for social insurance
._
VI
250.1 293.3 302.1
Indirect business tax and nontax
accruals
Expenditures
III
Billions of dollars
Table 15.—Federal Government Receipts and Expenditures (3.2)
288.4 282.3 293.1 283.6
II
1976
Seasonally adjusted at annual rates
Billions of dollars
Receipts
I
IV
1975
Seasonally adjusted at annual rates
Personal tax and nontax receipts
1975
Domestic income. _ _
Agriculture, forestry, and
fisheries
Mining and contract construction
1,157.5 1, 231. 6 1,180.7 1,176.1 1,203.8 1,257.8 1,288.7
1,143.1 1,221.1 1,165.9 1,166.4 1,193.7 1,246.1 1,278.0
43.8
44.7
43.6
40.6
39.8
49.4
48.8
74.6
74.3
75.6
74.5
73.1
74.0
75.6
294.2
119.0
175.3
303.1
124.9
178.1
293.7
117.2
176.4
280.7
114.2
166.5
295.0
122.3
172.7
314.4
129.2
185.2
322.2
134.0
188.1
45.1
23.8
44.4
25.6
44.9
25.0
41.7
24.3
42.5
25.3
45.8
26.3
47.7
26.5
20.0
178.5
24.6
201.1
21.4
182.9
23.0
190.9
24.2
197.6
25.4
205.5
25.8
210.4
74.8
103.7
80.4
120.6
79.3
103.5
75.7
115.2
77.9
119.7
83.1
122.4
85.0
125.4
Finance, insurance, and real
estate
Services
130.3
152.7
139.0
167.3
133.7
158.5
137.7
161.9
136.7
164.7
137.9
169.0
143.7
173.7
Government and government enterprises
180.0
197.1
186.7
191.2
195.0
198.4
203.7
14.4
10.5
14.8
9.6
10.0
11.6
10.7
^Manufacturing
Nondurable goods
Durable goods
Transportation
C ommuni cation
Electric, gas, and sanitary
services
Wholesale and retail tradeWholesale trade .
Retail trade
Rest of the world
13.3
NOTE —xhe industry classification of the compensation of employees, proprietors' income,
and rental income of persons is on an establishment basis; the industry classification of corporate profits and net interest is on a company basis.
SUEVEY OF CURKENT BUSINESS
April 1976
1974
1975
IV
19V6
1975
1974
I
II
III
17
IV
1974
IP
1974
1975
IV
Seasonally adjusted
Gross private domestic investment
Fixed investment
Nonresidential
.
Structures
Producers' durable equipment..
Residential..
Nonfarm structures
Farm structures
Producers' durable equipment..
Change in business inventories
Nonfarm
Farm
Net exports of goods and services
Exports
Imports
Government purchases of goods and
services
Federal
National defense
Nondefense
State and local
II
III
IV
I*
Index numbers, 1972=100
Table 19.—Implicit Price Deflators for Gross National Product (7.1)
Gross national product
I
1976
Seasonally adjusted
Index numbers, 1972=100
Personal consumption expenditures. ._
Durable goods
Nondurable goods
Services
1975
116. 20 126.37 121. 45 123.74 125.04 127.21 129.33 130.51
116.6
108.4
124.0
112.7
125.7
116.9
133.6
121.5
121.3
114.0
129.5
116.4
123.1
114.3
131.0
119.0
124.4
116.3
131.9
120.2
126.7
117.4
135.2
122.2
128.4
119.4
136.4
124.4
129.6
120.9
136.5
126.5
117.6
116.0
127.5
110.2
122.1
122.6
122.9
105.4
132.6
132.3
141.7
127.7
133.3
133.8
133.7
115.9
125.4
125.0
138.3
118.3
126.7
127.2
127.1
110.8
130.1
129.6
141.0
123.8
131.6
132.2
131.4
113.8
131.9
131.8
141.2
127.3
132.3
132.9
132.2
115.5
132.6
132.6
141.4
128.4
132.5
133.0
133.0
116.8
135.5
135.3
143.4
131.3
136.1
136.7
136.1
118.8
137.7
137.1
144.7
133.2
139.5
140.1
139.7
121.0
Table 23.—Implicit Price Deflators for Net National Product and
National Income by Sector (7.7)
Net national product
116 3 126 6 121 7 124 0 125 2 127 4 129 6 130 6
Net domestic product .
115 8 126 2 121 0 123 6 124 8 126 9 129 2 130 1
Business.
116.0 127.0 121.6 124.4 125.6 127.7 129 8 130 6
Nonfarm" ..
Farm
Residual?1
114.7 126 4 120.5 124.2 125 1 126 8 129 1
164.1 145.5 160.9 131.1 142.4 155.8 151 4 136 6
Households and institutions.
G o vernment
116.4 126.4 120.9 122.5 124.0 127.6 131 5 133 4
114.4 121 5 117 7 119 1 120 5 121 8 124 5 126 2
Rest of the world
National income
..
Domestic income ...
147.8 163.2 160.4 163.5 162.0 163.6 163.5 165.4
168.6 188.3 185.6 189.1 187.8 187.8 188.2 190.4
118.4 128.6 124.0 125.9 127.3 129.2 131.8 133.2
117.6 130.6 124.8 127.3 128.9 130.9 135.3 136.9
118.9 127.4 123.6 125.1 126.4 128.2 129.8 131.0
116.8 127.4 122.4 124.9 126.2 128.0 130.4
116.1 127.0 121 7 124 5 125 7 127 5 130 0
Business
116.4 128.0 122.5 125.6 126.8 128.6 130 9
Nonfarm
Farm
115.4 128 0 121.8 126 0 126 9 128 2 130 7
147.1 128.6 143.7 114.6 124.3 138.5 135.9 117 7
Households and institutions
Government .
116.4 126.4 120.9 122.5 124.0 127.6 131.5 133.4
114.4 121.5 117.7 119.1 120.5 121.8 124.5 126 2
Rest of the world
Table 24.—Implicit Price Deflators for Auto Output (7.9)
Table 20.—Implicit Price Deflators for Gross National Product by
Major Type of Product (7.3)
Gross national product _
Final sales
Goods
Durable
NondurableServices
Structures
116.20 126. 37 121.45 123.74 125.04 127.21 129.33 130. 51
116.1
115.5
109.6
119.6
114.6
126.2
126.5
127.8
123.8
130.3
122.9
139.2
121.3
121.5
116.6
124.7
118.5
134.8
123.8
124.8
119.9
127.8
120.3
138.4
125.4
126.7
123.4
129.0
121.6
138.6
127.3
129.0
124.8
131.7
123.6
138.4
129.3
130.4
126.9
132.8
126.0
141.2
130.4
130.3
127.5
132.2
128.0
143.0
Table 21.—Implicit Price Deflators for Gross National Product by
Sector (7.5)
Gross national product
Gross domestic product
Business
Nonfarm p
Farm
Residual p l
..
116. 20 126. 37 121.45 123.74 125. 04 127. 21 129. 33 130.51
115.7 126.0 120.9 123.4 124.7 126.8 129.0 130.1
115.8 126.6 121.3 124.0 125.3 127.5 129.5 130.5
114.6 126.1 120.3 123.8 124.8 126.6 128.8
154.0 142.4 152.5 130.8 139.5 150.7 147.8 ~I37.~2
Households and institutions.. .. .. 116.4 126.4 120.9 122.5
Government
114.4 121.5 117.7 119.1
Federal
114.1 123.1 119.0 120.5
State and local
114.6 120.7 117.1 118.4
Rest of the world
124.0 127.6 131.5 133.4
120.5 121.8 124.5 126.2
121.4 122.5 128.0 129.4
120.0 121.4 122.8 124.6
Table 22.—Implicit Price Deflators for the Relation of Gross
National Product, Net National Product, and National Income
(7.6)
Gross national product
.. 116.20 126. 37 121. 45 123. 74 125. 04 127.21 129. 33 130. 51
Less: Capital consumption allowances
with capital consumption adjustment
114.8 124.4 119.2 121.1 123.3 125.8 127.1 129.7
Equals : Net national product
116.3 126.6 121.7 124.0 125.2 127.4 129.6 130.6
Less: Indirect business taxes plus
transfer payments less subsidies
plus current surplus of government enterprises
113.0 120.0 115.7 117.0 118.0 122.0 122.8 125.8
Residual"1
Equals: National income..
204-921 O - 76 - 3
116.8 127.4 122.4 124.9 126.2 128.0 130.4
106.8 112.9 112.5 107.9 111.8 113.9 116.9 118.5
Auto output
Final sales
Personal consumption expenditures .
New autos
.
Net purchases of used autos
Producers' durable equipment
New autos
.
Net purchases of used autos
Net exports
.. .
.
Exports
Imports
Government purchases of goods and
services
Change in inventories of new and used
autos
106.3 113.1 113.9 109.2 112.8 113 3 116.5 117.9
109.1 117.7 117.7 112.8 116.8 118.5 121.8 122.6
105.6 115.1 111.4 112.2 114.5 115.2 118.1 120.4
103.7 167.7 105.3 105.9 108.6 106.8 109.6 112.5
105.8 115.1 111.4 112.1 114.5 115.3 118.0 120.2
107.2 116.0 113.3 113.3 Il3.8 116.5 119.5 119.2
118.8 134.9 122.4 131.1 132.4 134.6 140.3 142.5
111.8 120.6 116.6 118.1 120.3 120.8 122.9 124.7
Addenda:
2
Domestic output of new autos
- .. 108.0 115.0 111.3 111.5 114.3 115.2 118.1 120.2
105.8 115.0 111.4 112.2 114.5 115.3 118.1 120.4
Sales of imported new autos 3
Table 25.—Implicit Price Deflators for Personal Consumption
Expenditures by Major Type of Product (7.11)
Personal consumption expenditures
. . _. _.
116.6 125.7 121.3 123.1 124.4 126.7 128.4 129.6
108.4 116.9 114.0 114.3 116.3 117.4 119.4 120.9
108.0 116.8 115.7 112.7 116.0 117.4 120.4 121.4
Motor vehicles and parts
Furniture and household equipment- 108.3 116.5 112.8 114.9 116.0 116.8 118.3 120.0
Other
.
. . . 110.0 118.3 113.9 116.5 117.9 119.2 119.7 121.6
Durable goods . - . _ ...
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
124.0 133.6 129.5 131.0 131.9 135.2 136.4 136.5
_. ..
.
Services
Housing
Household operation
Electricity and gas. .
Other
Transportation
Other
.
128.7 139 2 134.8 136.9 137.2 140.7 142.0 141.6
110.5
147.9
182.4
112.3
114.2
155.4
197.6
125.2
113.6
146.5
193.7
119.3
113.5
146.1
187.9
122.8
113.3
150.5
190.4
124.8
114.8
161.9
202.1
125.7
115.3
163.4
210.0
127.4
116.2
157.9
205.0
129.9
... . 112.7 121.5 116.4 119.0 120.2 122.2 124.4 126.5
110.8
116.4
122.1
112.4
108.3
114.1
116.8
128.1
140.6
119.3
119.9
123.6
113.3
121.4
129.6
115.5
113.1
118.0
114.7
124.3
134.6
116.9
116.4
121.4
115.9
126.6
138.0
118.3
118.6
122.0
117.3
129.6
143.2
119.9
121.1
124.1
119.2
132.0
146.7
122.1
123.4
126.8
120.8
134.2
147.4
124.9
125.8
129.0
p Preliminary.
1. Equals GNP in constant dollars measured as the sum of final products less GNP in
constant dollars measured as the sum of gross product by industry.
2. Final sales and change in inventories of new autos produced in the United States.
3. Consists of personal consumption expenditures, producers' durable equipment, and
government purchases.
SUEVEY OF CURRENT BUSINESS
18
Table 26.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price
Tk«.fl~*-.~,.
^>.r1 T)ȣAA
R Q\
Deflator, nand
Price T»^J^v^ko
Indexes f(8.9)
1974
1974
1975
IV
1975
I
11
April 1976
Table 26.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price
T~l«fl«-«*-*-k». <-.»->.rl 15».i^.^v T»-»^3^.-, ^.
/"*
M.:
i
Deflator, and Price Indexes—Continued
1976
111
IV
1974
IP
1974
1975
IV
Seasonally adjusted
Percent
Percent
19.9
12.0
7.1
7.3
7.3
12.1 11.5
5.0 7.5
6.8 3.7
6.9 4.0
7.2 3.9
11.9
4.0
7.7
8.1
8.2
10.0 11.5
4.1 7.6
5.7 3.7
6.2 3.4
6.3 3.1
28.5
23.8
3.8
3.8
4.0
18.7 28.6
11.1 22.3
6.9 5.1
6.9 5.1
7.4 5.0
11.9
1.5
10.2
10.8
10.9
7.2 7.0
3.6 6.5
.5
3.5
4.2 -.4
4.3 -.8
7.4
.5
6.8
6.9
6.9
10.2 10.9
2.4 4.0
7.6 6.6
7.9 6.5
8.0 6.6
112.7
101.0
23.3 56.0
10.0 44.6
Addenda :
Gross domestic product:
Current dollars
.
1972 dollars
Implicit price deflator
Chain price index
..
Fixed-weighted price index . .
Business:
Current dollars
.
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
II
111
IV
I*
13.2
11.1
2.0
3.2
2.5
22.6 16.6
12.2 9.5
9.2 6.5
8.3 7.0
8.4 7.4
1.7
-.7
2.4
4.1
3.6
15.0 13.5
6.0 7.9
8.4 5.2
7.3 5.8
7.0 5.9
.8
!e
!c
20.8 12.0
14.1 8.1
5.9 3.6
5.4 3.1
5.2 3.6
2.3
-1.1
3.4
6.1
5.9
11.9 14.3
2.3 7.8
9.4 6.1
8.4 7.2
8.1 7.3
57.5 46.8 25.4
56.7 31.6 13.8
.5 11.6 10.2
. 4 11.3 10.5
11.2 10.4
24.2
19.5
4.0
3.8
3.5
15.0 -6.2
15.1 -10.4
-. 1 4.6
.4 3.6
.4 3.7
39.0
39.1
.0
-1.5
-1.5
19.3 32.2
18.4 26.0
.7 4.9
.7 4.0
.8 4.0
12.1
6.0
5.8
5.4
5.6
13.5
4.6
8.5
8.5
8.6
17.8
11.0
6.1
5.5
6.3
19.9 3.8
5.0 -1.0
14.2 4.9
14.1 4.1
13.6 2.8
9.8
4.3
5.2
5.2
5.2
4.2
.0
4.2
4.2
3.5
4.4
.6
3.8
4.2
4.0
Percent at annual rate
7.3
6.9
4.6 -.7
-1.8 -1.9
-7.8 -8.5
9.3
8.9 13.5
8.5
9.3
8.8 12.5
8.3
9.4
8.8 12.5
7.9
7.1
2 4
9.7
9.7
9.8
6.4
3.4 -2.5
2 7 -9.3 -10.7
9.3 14.0
9.3
9.1 12.8
8.6
9.1 12.7
8.1
7.7
3.2
4.3
4.3
4.5
19.6
11.7
7.1
7.4
7.4
12.5 10.9
5.2 7.1
7.0 3.5
6.9 4.0
7.2 3.8
7.5
3.1
4.2
4.2
4.5
21.7
13.6
7.2
7.6
7.6
12.7 11.5
5.9 8.1
6.4 3.2
6.4 3.7
6.7 3.6
NOTE.—The implicit price deflator for GNP is a weighted average of the detailed price
indexes used in the deflation of GNP. In each pariod, the weights are based on the composition
of constant-dollar output. In other words, the price index for each item is weighted by the
ratio of the quantity of the item valued in 1972 prices to the total output in 1972 prices. Changes
in the implicit price deflator reflect both changes in prices and changes in the composition of
output. The chain price index uses as weights the composition of output in the prior period
and, therefore, reflects only the change in prices between the two periods. However, comparisons of two or more of the percent changes in the chain index also reflect changes in the composition of output. The fixed-weighted price index uses as weights the composition of output
in 1972. Accordingly, comparisons over any timespan reflect only changes in prices.
Table 27.—Fixed-Weighted Price Indexes for Gross
Product, 1972 Weights (7.2)
National
Index numbers, 1972=100
Gross national product
8.9
3.2
5.6
5.4
5.1
I
1976
Seasonally adjusted
Percent at annual rate
Gross national product:
6.5
4.8 -2.1 7.7
7.7
Current dollars
3.3
1972 dollars
- - -1.8 -2.0 -7.5 -9.2
4.3
8.8 13.4
9.7
7.8
Implicit price deflator
8.2
4.3
9.7
8.8 12.5
Chain price index
4.4
8.8 12.5
7.8
Fixed-weighted price index
9.7
Personal consumption expenditures:
8.2 10.7
8.8
.3
9.6
Current dollars
6.4
.9 -9.2
-.8
1.8
1972 dollars
3.9
6.2
7.8 10.4
10.5
Implicit price deflator
4.0
7.8 10.2
6.3
10.7
Chain price index
4.1
7.9 10.4
6.1
10.9
Fixed-weighted price index
Durable goods:
5.0 -31.5
5.7 17.5
-.8
Current dollars
9.8
4.5
-7.0 -2.6 -39.7
1972 dollars
7.0
7.8 13.6
6.6
1.2
Implicit price deflator
7.4
1.5
Chain price index
.. ._
6.5
8.1 13.3
8.2 13.6
8.2
1.1
Fixed-weighted price index
6.5
Nondurable goods:
3.4
7.5 11.2
12.4
9.1
Current dollars
1.2 -7.4
8.3
2.6
-2.2
1972 dollars
7.8 11.6
2.8
Implicit price deflator, 4.8
14.8
2.9
7.8 11.6
4.9
15.4
Chain price index
7.9 12.0
4.9
2.7
Fixed-weighted price index
15.5
Services:
9.5
8.2
9.7
9.6
10.5
Current dollars
3.8
1.8
.4
2.6
1.6
1972 dollars
- -7.7
9.2
4.2
7.7
Implicit price deflator
7.8
4.1
7.8
9.2
7.8
Chain price index
7.8
9.2
4.2
Fixed-weighted price index
7.8
7.8
7.8
Gross private domestic investment:
5.3 -58.6 -16.1
-3.7 -13.9
Current dollars
-13.2 -23.2 -13.9 -63.5 -16.1
1972 dollars
Implicit price deflator.
Chain price index
Fixed-weighted price index
Fixed investment:
-.2 -2.6 -6.4 -12.1 -5.0
Current dollars
-10.0 -13.6 -21.1 -24.0 -10.2
1972 dollars
10.9 12.8 18.7 15.7
5.8
Implicit price deflator
11.3 13.0 18.0 16.4
6.8
Chain price index
Fixed-weighted price index
5.5
11.5 12.2 16.1 15.3
Nonresidential :
.4
8.3 -4.6 -8.3
8.4
Current dollars
-- -1972 dollars
-2.9 -12.0 -12.6 -17.5 -14.3
11.6 14.1 23.9 15.6
6.9
Implicit price deflator
8.1
Chain price index
11.7 14.5 22.8 16.2
Fixed-weighted price index. . 12.0 14.0 22.1 14.6
7.3
Structures:
Current dollars
11.1 -3.2 16.2 -8.4 -25.0
1972 dollars
-5.9 -12.9 -.6 -15.1 -25.3
.4
8.0
Implicit price deflator
18.0 11.2 16.9
Chain price index
. ... 18.0 11.1 16.9
8.2
.2
Fixed-weighted price index. . 18.1 11.0 17.0
8.0
.0
Producers' durable
equipment:
3.9 -2.4
2.6
Current dollars
2.5
6.9
1972 dollars
—1 3 —11.5 -17.9 -18.6 -8.2
Implicit price deflator.
8.2 15.9 26.6 20.0 11.7
Chain price index
8.2 16.4 26.2 21.2 12.9
Fixed-weighted price index..
8.3 15.9 25.6 19.1 12.3
Residential:
7.1
Current dollars
-17.9 -10.7 -38.5 -32.4
4.9
1972 dollars
-25.7 -18.1 -42.0 -42.0
2.1
5.9 16.6
Implicit price deflator
9.1
10.4
Chain price index
5.8 16.7
9.1
2.3
10.5
2.2
Fixed-weighted price index.. 10.5
5.8 16.5
9.1
Exports:
Current dollars
42.1
2.5 13.9 -13.2 -18.9
1972 dollars
11.4 -7.2 -4.8 -19.6 -15.9
Implicit price deflator
7.9 -3.6
27.5 10.4 19.7
Chain price index
27.1 11.5 21.4 11.4 -4.0
Fixed-weighted price index
27.2 11.5 21.5 11.2 -3.8
Imports :
t -34.2 -37.4
Current dollars
.-. 45.0 -7.3
1972 dollars
-17.0 -IQ.2 -39.0 -35.7
2 7
Implicit price deflator
43! 9 11.7 18.8
7.9
Chain price index
... . 44.7 11.2 16.6
7.3 -2! 2
Fixed-weighted price index
44.6 11.2 16.0
7.0 -2.0
Government purchases of goods and
services:
Current dollars
11.5 10.0 11.6
8.9
H
1972 dollars . . .
1.3 -1.8
2.4
Implicit price deflator
8.6 13.7
4!e
10.' 7
6.3
Chain price index
4.9
8.7
13.5
10.5
6.1
Fixed-weighted price index
4.9
9.0 14.0
6.2
11.0
Federal:
(
Current dollars
9.5 10.3 17.2
4.0
1972 dollars
-1.2
-4.1 -4.2 -5^
Implicit price deflator..
5.2
10.9 ll.]
22.3
8.5
Chain price index
..
5.4
9.9 10.8 20.8
7.1
Fixed-weighted price index
7.4
11.2 11.2 21.1
5.8
State and local:
8l
Current dollars
9.8
12.8
7.3
11.9
;
1972 dollars
.
2.5
6.5
19
2.8
Implicit price deflator.
7.2
10.6
as 5.1 4.2
Chain price index
7.«
10.8
9.3
5.5
4.6
Fixed-weighted price index
7.5
9.5
4.2
10.9
5.5
1975
116.3 126.5 121.5 123.8 125.2 127.4
Personal consumption expenditures
Durable goods _ . .
Nondurable goods
........
Services
117.1
108.4
125.1
112.8
Gross private domestic investment
Fixed investment _ . . .
118.6
Nonresidential
116.7
Structures
- .-. . 127.5
Producers' durable equipment . _ 110.5
Residential
122.3
Nonfarm structures
Farm structures.
- -.
Producers' durable equipment . .
Change in business inventories
129.6 130.9
126.4
117.3
134.9
121.6
121.9
114.1
130.6
116.5
123.7
114.4
132.2
119.0
124.9
116.7
133.0
120.3
127.4
117.8
136.5
122.3
129.4
119.9
138.0
124.7
130.4
121.4
137.7
126.7
133.1
133.0
141.5
128.1
133.4
126.1
125.8
138.4
118.6
126.8
130.7
130.1
141.1
123.9
131.8
132.5
132.4
141.1
127.5
132.5
133.3
133.6
141.1
129.3
132.6
136.0
135.9
142.9
131.9
136.2
138.5
137.8
144.1
134.2
139.6
Net exports of goods and services
147.4 164.4 160.5 164.8 163.2 164.6 164.8 166.3
Exports
Imports-. - . .-- . 169.3 188.2 186.0 189.2 188.2 187.5 187.9 189.7
Government purchases of goods and
services
- .
- .Federal
State and local
118.9 129.6 124.9 126.9 128.4 130.1 132.8 134.0
118.5 131.8 126.0 128.3 130.1 132.1 136.4 137.3
119.2 128.1 124.2 125.9 127.2 128.8 130.5 131.8
Addenda:
Gross domestic product
Business
-
115.9 126.1 121.0 123.3 124.7 126.9 129.2 130.4
116.1 126.6 121.5 123.9 125.2 127.5 129.5 130.7
--
--
Table 28.—Current Dollar Cost and Profit Per Unit of Constant
Dollar Gross Domestic Product of Nonfinancial Corporate
Business (7.8)
Dollars
Current dollar cost and profit per
unit of constant dollar gross
product i
Capital consumption allowances with
capital consumption adjustment
Net domestic product
Indirect business taxes plus transfer
payments less subsidies Domestic income
1.159 1.270 1.215 1.248 1. 253 1.275 1.296
.112
1.047
.131
.123
.130
1.139 1.092 1.118
.130
.131
.133
1.128 1.144 1.164
.123 .137
.924 1.002
.129
.963
.135
.983
.136 .137 .139
.992 1.007 1.025
Compensation of employees
Corporate profits with inventory
valuation and capital consumption adjustments
Profits tax liability
Profits after tax with inventory
valuation and capital consumption adjustments
.788
.836
.831
.848
.829
.824
.843
.091
.061
.116
.053
.081
.058
.085
.041
.113
.048
.133
.060
.131
.061
.029
.063
.023
.043
.065
.073
.070
Net interest
.045
.050
.050
.051
.050
.050
.051
1. EquaL?the deflator for gross domestic product of nonfinancial corporate business with
the decimal point shifted two places to the left.
BY EDWARD I. STEINBERG
Earnings Increases, 1969-73
A HE extent to which different demographic and earnings groups shared in
the overall increase in earnings from
1969 to 1973 varied markedly, according to an analysis of data on workers
with earnings in the first quarter of
each year during that period. "Advancement"—defined as an increase in
earnings from 1969 to 1973 that exceeded the 27 percent national average
increase reported by the Bureau of
Labor Statistics—was least common
among those with average annual earnings during the period under $3,000.
With the exception of those earning
under $3,000, black men and black
women were generally more likely to
advance than were their white 1 counterparts in the same earnings ranges.
Within given race-sex-earnings groups,
young workers were more likely to
advance than were older workers. With
age held constant, the likelihood of
advancement generally increased with
increased earnings.
The Data
The data are from the Social Security
Administration's Continuous Work
History Sample (CWHS), a longitudinal file containing information on a
random, 1 percent selection of all
persons having social security numbers.2
These data refer only to earnings subject to social security taxation; earnings
in uncovered employment and other
types of income (such as interest and
dividends) are excluded. The CWHS
NOTE.—Alan L. Tyson did the computer
programing for this article.
1. Throughout this article, the term "white" includes all
races other than black.
2. For a more detailed description of the CWHS, see
David A. Hirschberg, "The Continuous Work History
Sample," in the 1974 Proceedings of the Business and Economic Statistics Section of the American Statistical Association.
contains information on about 90 percent of the employed persons in the
United States. The major excluded
groups are civilian employees of the
Federal Government, and those employees of State and local governments
who are not covered by social security.
The earnings data are first-quarter
earnings expressed at annual rates.
Self-employed persons, who report their
earnings to the Social Security Administration at the end of each year, are
excluded from the analysis. To eliminate the effect of intermittent employment on the findings, the sample that
was used includes only workers who
had earnings in the first quarter of
each year from 1969 to 1973. The
430,800 persons in this 1 percent sample
represent 43,080,000 workers with earnings in the first quarter of each year
during the period. These 43,080,000
workers include about one-half of the
men and one-third of the women who
had some work experience in 1969, and
constitute a large group of workers with
a very steady attachment to the work
force.
The advancement standard of 27
percent is equal to the increase in
average weekly earnings of production
and nonsupervisory workers on private
nonagricultural payrolls from the first
quarter of 1969 to the first quarter of
1973. Because the Consumer Price
Index increased 20 percent during the
period, this standard represents an
increase in real earnings of about 6
percent.
Findings
About 62 percent of all workers advanced from 1969 to 1973 (table 1).
For each race-sex group, the proportion
advancing was lower among those with
average annual earnings under $3,000
than it was for those at the higher
earnings levels.3 Since the minimum
hourly wage of $1.60 which was in
effect during the period implies minimum annual earnings of $3,200 for
persons working full time, full year
(i.e., 40 hours per week, 50 weeks per
year), very few of the workers with
3. The earnings groupings are based on average annual
earnings (1969-73) rather than on initial-year (1969) earnings,
because the use of 1969 earnings would make it more likely
that low earners would advance than high earners. The
reason is that in any single 3-month period (such as the first
quarter of 1969), some workers are below their "permanent"
earnings curve for reasons such as unemployment, part-time
employment or sickness, while other workers are above their
permanent earnings curve for reasons such as an unusually
large amount of overtime. These workers are not randomly
distributed among the various earnings levels. Rather, those
with temporarily depressed earnings are more likely to fall
into a low earnings level, while those with temporarily inflated
earnings are more likely to fall into a high earnings level.
Therefore, grouping workers on the basis of their earnings
level in the initial year would make it easier for the low earners
(including those with temporarily depressed earnings) to
advance than the high earners (including those with inflated
earnings in the initial period).
Table 1.—Proportions of Workers Who Advanced,1 1969-73
[Percent]
Average annual earnings, 1969-73
Total
White
men*
Black
men
White
women*
Black
women
Under $3,000
$3,000 to $4,999
$5,000 to $6,999
$7,000 to $9,999
$10,000 to $14,999
$15,000 and over
52.3
61.5
63.9
62.7
64.4
63.2
56.2
66.0
62.6
61.3
63.8
63.1
51.2
59.6
65.9
67.6
69.6
69.6
51.2
58.4
64.5
65.7
69.0
64.3
47.0
63.6
71.8
73.4
77.0
59.8
Total
62.1
62.6
63.9
60.4
61.9
*Includes all races ether than black.
1. "Advancement" is defined as an earnings increase larger than the increase in average weekly earnings of production
and nonsupervisory workers on private nonagricultural payrolls from the first quarter of 1969 to the first quarter of 1973.
Source: Continuous Work History Sample.
19
SURVEY OF CURRENT BUSINESS
20
Table 2.—Percentage Distribution of Workers by Average Annual Earnings, 1969-73
[Percent]
Average annual earnings, 1969-73
Black
men
Black
women
White
women*
9.7
19.2
20.2
24.1
18.7
8.1
48
10.6
16.6
28.9
26.7
12 5
9.6
24.4
26.4
26.3
11.9
1.4
18 2
34.4
26.8
15.1
4.6
10
28
37
20.
9
3.
430, 800
266, 958
26, 531
121 567
15 74
Under $3 000
$3 000 to $4,999
$5,000 to $6,999
$7 000 to $9 999
$10,000 to $14,999
$15 000 and over
Sample size:
Number of workers
White
men*
Total
o
*Includes all races othern than black.
NOTE.—Details may not add to 100 percent because of rounding.
Source: Continuous Work History Sample.
average annual earnings under $3,000
could have worked full time steadily
during the period.
Among white men earning over
$3,000 there was no systematic relationship between earnings level and the
likelihood of advancement, and, because white men comprised 62 percent
of the entire sample, the data for all
race-sex groups combined also show no
relationship between earnings level and
the likelihood of advancement. In the
three other race-sex groups, however,
the likelihood of advancement generally
increased with increased earnings, except for the groups earning $15,000
and over, where the numbers of observations were small.4
Except for those earning under
$3,000, black men and black women
were generally more likely to advance
than their white counterparts at the
same earnings levels. For example,
68 percent of the black men and 73
percent of the black women earning
$7,000-$9,999 advanced, compared
with 61 percent of the white men and
66 percent of the white women at that
earnings level. For all earnings levels
combined, however, the proportion
who advanced was similar for each
race-sex group. The explanation of this
4. A limitation of the CWHS is that earnings must be
estimated for workers whose first-quarter earnings exceed
the maximum annual amount subject to social security
taxation. For example, for persons whose earnings in the
first quarter of 1969 exceeded the taxable maximum of $7,800,
the CWHS estimates annual earnings as $51,000 for men and
$45,000 for women. For those exceeding the taxable maximum of $10,800 in the first quarter of 1973, the CWHS estimates annual earnings as $73,500 for men and $60,900 for
women. Whatever error these estimates may introduce into
the findings is very small, because in any year only a very
small minority of the workers in the sample exceed the taxable maximum in the first quarter. Thus, even among those
workers in the sample who earned over $15,000 in 1969, only
about 13 percent exceeded the taxable maximum in the first
quarter of that year. Furthermore, the extent of the estimated
earnings increase among those exceeding the taxable maximum in the first quarter was not very different from what
it was among the remainder of those earning over $15,000.
apparent anomaly lies in the larger
proportions of blacks than whites at
the lowest earnings level, where the
likelihood of advancement was lowest;
10 percent of the black men and 28 percent of the black women had average
annual earnings under $3,000, compared with 5 percent of the white men
and 18 percent of the white women
(table 2).
The finding that blacks were generally more likely to advance than whites
at the same earnings levels provides
April 1976
perspective on Census Bureau figures
that show that from 1969 to 1973 the
ratio of black to white median earnings
for all persons with earnings increased
from 0.61 to 0.64 for men and from 0.75
to 0.92 for women.5 The longitudinal
data presented here show that these
increases are not merely the result of the
withdrawal from the black labor force
of low earners and their replacement by
higher earners, but reflect, at least in
part, the greater earnings gains of
blacks than of whites at the same earnings levels.
The effect of age
As noted earlier, the proportion of
white men who advanced was similar
for all earnings levels above $3,000.
However, the low earnings levels contain larger proportions of young workers
than the high earnings levels, and
young workers are more likely to in5. U. S. Department of Commerce, Bureau of the Census,
Money Income in 1973 of Families and Persons in the United
States, Series P-60, No. 97, January 1975, p. 14.
Table 3.—Age Distribution of Workers by Race-Sex-Earnings Group
[Percent]
Average annual earnings, 1969-73
Age
Total:
Under 25
25-34. . .
35-44
45-54.
55 and over
Sample size:
Number of workers
White men*:
Under 25
25-34
35-44
45-54
55 and over
Sample size:
Number of workers
Black men:
Under 25
25-34
35-44
45-54
55 and over
Sample size:
Number of workers
White women*:
Under 25
25-34
35-44.
45-54
55 and over
Sample size:
Number of workers
Black women:
Under 25
25-34
35-44
45-54.
55 and over
.
Sample size:
Number of workers _
Under
$3,000
$3,000 to
$4,999
$5,000 to
$6,999
$7,000 to
$9,999
$10,000 to
$14,999
$15,000
and over
Total
30.3
12.4
16.7
18.8
21.9
33.1
16.7
17.6
19.6
13.1
23.9
23.6
19.6
20.2
12.7
13.5
29.0
23.0
22.5
12.0
4.7
30.7
29.2
25.0
10.4
0.8
19.8
35.1
31.4
12.9
18.3
23.5
22.8
22.3
13.1
41, 843
82, 534
87, 165
103, 852
80,488
34, 918
430, 800
54.6
8.6
7.7
8.6
20.5
53.6
15.0
9.4
10.3
11.7
29.6
25.8
16.1
15.7
12.8
14.4
30.6
22.0
21.1
11.8
4.7
31.5
29.3
24.6
9.9
0.8
20.1
35.4
31.4
12.4
18.7
26.0
22.6
20.7
11.9
12, 685
28, 319
44, 318
77, 061
71, 269
33,306
266,958
40.9
14.5
14.0
12.5
18.1
34.2
22.5
15.6
15.8
11.9
18.5
31.1
22.3
17.8
10.4
10.9
31.4
27.8
21.0
8.9
4.7
31.3
32.1
23.3
8.6
1.4
24.7
39.3
23.6
11.1
20.6
27.4
22.7
18.4
10.9
2,543
6,469
7,014
6,966
3,170
369
26, 531
18.8
13.5
21.3
23.7
22.7
21.1
15.8
22.1
26.2
14.8
17.9
18.4
23.0
27.1
13.5
11.1
20.8
24.8
28.8
14.5
3.9
20.8
26.0
30.7
18.5
1.2
9.5
26.3
35.2
27.8
17.3
17.0
22.8
26.7
16.1
22, 146
41, 818
32, 576
18, 296
5,575
1,156
121, 567
11.9
15.9
21.0
27.2
24.0
18.5
25.4
26.2
21.4
8.4
17.8
30.2
26.3
18.2
7.5
9.9
32.3
29.6
21.3
6.9
3.4
27.6
35.2
24.3
9.5
0
8.0
37.9
44.8
9.2
15.1
24.4
25.4
22.6
12.5
4,469
5,928
3,257
1,529
474
87
15, 744
*Includes all races other than black.
NOTE.—Details may not add to 100 percent because of rounding.
Source: Continuous Work History Sample.
SUBVEY OF CURRENT BUSINESS
April 1&76
crease their earnings than older workers.
A positive relationship appears between
earnings level and the likelihood of
advancement when the data are separated by age, that is, when the impact
of the young workers on the low earnings levels is removed. The prevalence
of young workers among the low earners
is shown in table 3; 55 percent of the
white men earning under $3,000 and 54
percent of those earning $3,000-$4,999
were under 25 years of age in 1969,
compared with far smaller proportions
of the white men with higher earnings.
The inverse relationship between age
and the likelihood of advancement is
shown in table 4. For example, among
white men earning $5,000-$6,999, the
proportion who advanced falls steadily
from 84 percent of those under 25 years
of age and 66 percent of those aged
25-34 to 39 percent of those aged 55
and over. Within given age groups, the
data in table 4 show a positive relationship between earnings level and the
likelihood of advancement. Among
white men aged 25-34, for example,
the porportion who advanced rises
steadily from 45 percent of these earning under $3,000 to 77 percent of those
earning $15,000 and over.
The inverse relationship between age
and the likelihood of advancement and
the positive relationship between earnings level and the likelihood of advancement are apparent for the three other
race-sex groups as well. Among black
men earning $5,000-$6,999, for example, the proportion who advanced falls
from 81 percent of those under 25 to
50 percent of those 55 and over. Among
black men aged 25-34, the proportion
who advanced rises from 44 percent of
21
those earning under $3,000 to 81 percent
of these earning $15,000 and over.
The age breakdowns in table 4 confirm the earlier finding that within
given sex-earnings groups, blacks were
generally more successful in advancing
than whites. Also, within given raceage-earnings groups, women were generally more successful than men. Thus,
among persons aged 45-54 and earning
$5,000-$6,999, the proportions advancing were 69 percent for black women,
61 percent for white women, 58 percent
for black men, and 48 percent for white
men. A possible explanation for these
findings is that assuming a history of
previous discrimination, blacks and
women at given earnings levels were
superior workers to their white and
men counterparts, and were therefore
able to increase their earnings more
rapidly as discrimination abated.
Table 4.—Proportions of Workers Who Advanced,1 1969-73, by Age-Race-Sex Group
Average annual earnings, 1969-73
Sample size:
number of
workers
Percent who
advanced
Sample size:
number of
workers
Percent who
advanced
Sample size:
number of
workers
Black men
White men*
Percent who
advanced
White women*
Sample size:
number of
workers
Percent who
advanced
Black women
Under 25 years of age
Under$3,000_.
$3,000 to $4,999
$5,000 to $6,999
$7,000 to $9,999
$10,000 to $14,999
$15,000 and over
Total
6,923
15, 190
13, 133
11, 134
3,383
252
50,015
71.2
83.5
83.5
84.2
86.1
84.5
82.1
1,040
2,211
1,295
760
149
5
5,460
Under $3,000
$3,000 to $4,999
$5,000 to $6,999
$7,000 to $9,999
$10,000 to $14,999 .
$15,000 and over
Total
1,092
4,242
11, 420
23, 615
22, 455
6,698
69,522
45.4
55.2
65.8
66.8
73.6
77.0
68.8
370
1,455
2,179
2,189
993
91
7,277
66.2
77.1
81.2
84.3
78.5
80.0
77.0
4,172
8,812
5,846
2,024
219
14
21,087
67.7
72.0
78.3
80.1
84.9
92.9
73.8
531
1,098
581
151
16
0
2,377
64.4
73.3
82.8
87.4
87.5
0
74.6
2,997
6,598
6,008
3,814
1,162
110
20, 689
55.0
59.4
65.7
71.6
79.9
82.7
64.1
711
1,508
983
494
131
7
3,834
56.1
65.0
74.3
75.9
83.2
71.4
67.8
4,708
9,262
7,506
4,533
1,452
304
27,765
54.2
59.3
64.5
67.0
72.7
70.1
61.9
940
1,556
856
452
167
33
4,004
51.7
62.1
68.1
69.7
81.4
54.5
62.6
5,239
10, 943
8,827
5,275
1,709
407
32,400
50.9
54.4
60.6
61.1
65.0
61.2
57.3
1,214
1,270
592
326
115
39
3,556
44.3
59.1
68.9
69.6
67.8
66.7
57.0
33.0
44.1
52.6
52.9
54.5
55.1
45.1
1,073
496
245
• 106
45
8
1,973
31.4
53.8
55.1
68.9
62.2
37.5
42.7
25-34 years of age
.
43.5
55.9
70.4
71.0
73.3
81.3
66.9
35-44 years of age
Under $3,000
$3,000 to $4,999
$5,000 to $6,999
$7,000 to $9,999
$10,000 to $14,999
$15,000 and over
Total
981
2,662
7,136
16, 978
20, 859
11, 776
60,392
43.7
47.0
51.8
57.5
61.8
65.5
59.2
355
1,011
1,564
1,937
1,016
145
6,028
Under $3,000
$3,000 to $4,999
$5,000 to $6,999
$7,000 to $9,999
$10,000 to $14,999
$15,000 and over
Total
1,090
2,915
6,954
16, 270
17, 534
10, 443
55,206
43.1
44.7
47.9
50.8
55.3
56.9
52.5
318
1,020
1,248
1,460
739
87
4,872
47.3
50.1
60.4
64.3
68.6
64.1
60.6
45-54 years of age
44.0
50.5
58.2
62.3
66.8
72.4
58.5
55 years of age and over
Under $3,000
$3,000 to $4,999
$5,000 to $6,999
$7,000 to $9,999
$10,000 to $14,999
$15,000 and over
Total
.
* Includes all races other than black.
1. See footnote 1, table 1.
Source: Continuous Work History Sample.
2,599
3,310
5,675
9,064
7,038
4,137
31,823
31.2
33.6
39.3
44.8
48.6
48.0
42.8
460
772
728
620
273
41
2,894
31.7
40.5
50.5
58.2
61.9
56.1
47.7
5,030
6,203
4,389
2,650
1,033
321
19, 626
BY THE REGIONAL ECONOMIC ANALYSIS DIVISION
Tracking the 6EA State Economic Projections
OTATE projections to 1980 and 1990
of income and population, based on data
covering the postwar years through
1971, were published in the April 1974
SURVEY OF CURRENT BUSINESS. This
article reviews major changes in the
economy since 1971 in order to determine the continuing usefulness of the
projections. The assessment is made by
measuring and evaluating the deviations between actual income and population and annual interpolations, for
recent years, of the long-term fullemployment projections.
The discussion focuses mainly on
deviations for State economies which
have departed substantially from their
projected levels. The major causes of
deviations fall into two categories:
those that are likely to have long-term
effects on State economies and those
likely to have short-term effects. The
first category includes changes in regional trends, such as the acceleration
of growth in many industries in a number of small western and southern
States, that were not apparent, or were
overlooked, in the historical data when
the projections were initially made, and
unanticipated changes in particular
industries nationally, such as the industrial effects of the energy situation. The
second category includes temporary
events, such as missile base construction in North Dakota; random events,
such as floods, and their economic
effects; and the national business cycle.
The following analysis emphasizes
NOTE.—The projection-monitoring system
was developed and implemented by Eugene
Janisch, assisted by Marian Sacks, both of
whom contributed to this article. Howard
Friedenberg and Robert Bretzfelder were
primarily responsible for the preparation of
the article, with Kenneth Johnson also
contributing.
22
deviations for 1973, because it is the
most recent year in which the national
economy approximated the full-employment conditions projected for 1980
and 1990.
States With Significant Percent Deviations in 1973
In tables 1-3, the States are ranked in
descending order of percent deviations
[(projected less actual) -^-actual] in labor
and proprietors' income from all industries except agriculture, forestry,
and fisheries—hereafter termed "nonfarm earnings"—in 1973.1 States at
the top of the tables had earnings overestimates, and States at the bottom had
earnings underestimates. Table 1 shows
projected and actual values and percent
deviations for nonfarm and total
earnings, total personal income, and
population. Table 2 shows percent
deviations for each of the 10 major
industrial components of nonfarm
earnings, and table 3 shows percent of
total nonfarm earnings for each industry.
(Nonfarm
earnings are
emphasized because of the unusually
high level of farm earnings in 1973—63
percent more than projected—and the
distorting effect this had on total
earnings, particularly in States with
substantial farming activity).
For the Nation as a whole in 1973, the
difference between projected and actual
nonfarm earnings was only 0.2 percent.2
Percent deviations for the States and
the District of Columbia ranged from
0 percent to 11 percent, with 35 of the
observations falling below 5 percent.
1. The BEA State income estimates have not yet incorporated the revisions presented in "The National Income and
Product Accounts of the United States: Revised Estimates,
1929-74," SURVEY OF CURRENT BUSINESS, January 1976.
These revisions are unlikely to substantially alter subnational trends.
Underestimates exceeded overestimates
by 2.4 to 1; States with overestimates
accounted for more than one-half of
U.S. nonfarm earnings. The following
discussion centers on two groups of
States—those with overestimates and
those with large underestimates—
because the pattern of deviation in
each is associated with distinctive
geographic and industrial characteristics (see chart 6).
In the 15 States with overestimates,
projected nonfarm earnings ranged from
only slightly above actual levels
(Indiana) to 6 percent above (New
York); the average overestimate was
3 percent. This group included five of
the largest States in the Nation:
California and New York, each with
more than 10 percent of U.S. nonfarm
earnings, and Illinois, Pennsylvania,
and Ohio, each with 5-6 percent. All
15 States except California and Washington are located in the manufacturing
belt of the Northeast, Great Lakes,
and eastern rim of the Plains.
In 13 States projected nonfarm earnings in 1973 ranged from 5 percent
below the actual level (Utah) to 11
percent below (Florida); the average
underestimate in these States was
7% percent. This group accounted
for only about 13 percent of U.S. nonfarm earnings, the largest States being
Florida, with 3% percent of the national total, and Georgia, with about
2 percent. All of these States are
2. This is the error in the aggregate that was projected
independently of the State distribution; as such, this error
is the weighted average of the State percent deviations—the
sum of the State percent deviations, whether positive or
negative, weighted by State nonfarm earnings.
The weighted average of the absolute percent deviations
(that is, regardless of sign) was 2 percent. The unweighted
average of the State percent deviations—the sum of the
State percent deviations, whether positive or negative,
divided by the number of States—was 1 percent. The unweighted average of the absolute percent deviations was
2.8 percent.
CHART 6
Projected Versus Actual Nonfarm Earnings, 1973
Percent Deviations: (Projected-Actual)-rActual
[Jssr
_
5.5
d
w
O
d
W
d
Overestimates
Moderate Underestimates
Large Underestimates
U.S. Department of Commerce, Bureau of Economic Analysis
to
00
24
SUEVEY OF CURRENT BUSINESS
located in, or contiguous to, the Southeast and Rocky Mountain regions.
in the 13 States with large underestimates was 28 percent (nearly twice the
U.S. rate), compared with a projected
rate of 19 percent (only 25 percent
above the U.S. rate).
In each group of States, most major
industrial components of nonfarm earnings tended to deviate in the same direction. In the States with overestimates,
projected earnings exceeded actual
levels in 71 percent of the 150 observations (15 States times 10 industries).
In this group, the exceptions were
mainly in mining, State and local
government, and transportation, communication, and public utilities (table
2). In the States with large underestimates, projected earnings fell short of
Sources of deviations
In general, the deviations noted
above occurred because the projections
(based on data through 1971) assumed
a narrowing of growth rate differences
among the States. Instead, recent data
typically indicate that States projected
to grow slowly (rapidly) grew even
more slowly (more rapidly). From
1969 to 1973—both peak years in the
national economy—the growth rate of
nonfarm earnings in the 15 States with
overestimates was only 10 percent,
compared with a projected rate of
15 percent. Similarly, the growth rate
April 1976
actual levels in 88 percent of the 130
cases (13 States times 10 industries).
In States with overestimates, manufacturing—an important industry in
most—grew more slowly than expected,
especially in New York, New Jersey,
Connecticut, Massachusetts, Pennsylvania, and California. Ohio—a major
producer in the motor vehicle industry,
which operated at a high level in 1973—
was the exception; its manufacturing
performed as projected.
In States with large underestimates,
growth in manufacturing, in some, and
construction, more generally, was unexpectedly high. Manufacturing grew
even more rapidly than projected in
South Carolina, Tennessee, Arkansas,
Table 1.—Projected and Actual Values, and Percent Deviations,1 Earnings,2 Total Personal Income, and Population, 1973
[Ranked by percent deviations in nonfarm earnings]
Rank
States
PerPopulation
Nonfarm earnings
Total earnings
Total personal income
cent
of
U.S. Projected
Actual
Projected
Actual
Actual
Projected
Actual
Projected
Deviations
actual
Deviations
Deviations
Deviations
(non(percent)
(percent)
(percent)
(percent)
farm)
Thousands
Millions of 1967 $
Millions of 1967 $
Millions of 1967 $
United States. _ 100.0
618,724
619,746
639, 192
652,908
-2.1
806,382
826,503
-2.4
209,843
209,832
10.3
.4
.2
2.9
1.7
1.7
6.2
3.8
5.5
5.7
67,442
2,848
1,177
19,085
10, 824
11,091
39, 431
24,355
34,986
36, 464
63,570
2,700
1,117
18,204
10,420
10, 740
38, 216
23,664
34,067
35,572
6.1
5.5
5.4
4.8
3.9
3.3
3.2
2.9
2.7
2.5
67,986
2,865
1,235
19,216
10, 929
11, 827
40,369
24, 503
35,483
36,880
64, 112
2,716
1,177
18,335
10, 529
12, 626
39, 968
23,834
34, 714
36,047
6.0
5.5
4.9
4.8
3.8
-6.3
1.0
2.8
2.2
2.3
86,900
3,747
1,553
24,854
14, 181
14, 762
50,460
32, 195
43,009
46, 788
80, 825
3,676
1,544
23, 985
14, 236
15, 573
50, 200
32, 848
42,540
46, 113
7.5
1.9
.6
3.6
-.4
-5.2
.5
-2.0
1.1
1.5
18,606
976
458
5,875
3,138
3,914
11, 435
7,466
10,987
12, 122
18, 214
967
466
5,799
3,080
3,890
11, 176
7,325
10, 743
11, 862
2.2
.9
-1.7
1.3
1.9
.6
2.3
1.9
2.3
2.2
2.2
10.8
1.6
1.1
2.6
2.0
.9
.3
2.0
.6
.7
13, 971
68,054
9,991
6.826
15,945
12,542
5,833
1,996
11, 977
3,686
4,169
13, 657
66,903
9,887
6,802
15, 941
12,551
5,853
2,006
12, 088
3,740
4,263
2.3
1.7
1.1
.4
.0
-.1
-.4
-.5
-.9
-1.5
-2.2
14,601
70,099
10,388
8,031
16, 518
13, 153
5,863
2,018
12, 145
4,319
4,199
14, 745
69, 558
10, 655
9,381
17,057
13,289
5,887
2,034
12,322
4,956
4,302
-1.0
.8
-2.5
-14.4
-3.2
-1.0
-.4
-.8
-1.4
-12.9
-2.4
17, 718
89, 159
13, 321
10,475
19, 997
16, 756
4,334
2,747
16, 524
5,592
5,312
17,765
88,920
13, 800
11, 878
20,498
17, 111
3,702
2,859
17,383
6,233
5,588
-.3
.3
-3.5
-11.8
-2.4
-2.1
17.1
-3.9
-4.9
-10.3
-4.9
4,809
20, 730
3,458
2,857
5,385
4,528
755
773
4,096
1,493
1,773
4,768
20,652
3,431
2,863
5,304
4,540
734
794
4,074
1,533
1,788
.9
.4
.8
-.2
1.5
-.3
2.9
-2.6
,5
-2.6
-.8
1 New York . .
2 Rhode Island . . .
3 Vermont
4 Massachusetts. . 5 Connecticut
6 Minnesota .
7 Illinois
8 N e w Jersey - - - - 9 Ohio
10 Pennsylvania.
-0.2
17
18
19
20
Missouri..
. ._
California
Washington. _ _
Iowa ..
Indiana .
\V isconsin
District of Columbia.
New Hampsh ire
Maryland
Nebraska
\V est Virginia . .
21
22
23
24
25
26
27
28
29
30
Oklahoma
Kentucky
New Mexico.
Louisiana
Delaware
Maine
South Dakota
Texas
Alaska
Alabama . . .
1.0
1.2
.4
1.4
.3
.4
.2
5.1
.2
1.3
6,028
7,509
2,359
8,218
2,002
2,300
1,204
30, 261
1,298
7,717
6,168
7,691
2,425
8,458
2,066
2,376
1,244
31, 336
1,346
8,033
-2.3
-2.4
-2.7
-2.8
-3.1
-3.2
-3.2
-3.4
-3.5
-3.9
6,402
7,991
2,524
8,590
2,055
2,401
1,597
31, 676
1,318
8,049
6,820
8,227
2,620
9,100
2,166
2,546
2,119
33, 671
1,373
8,551
-6.1
-2.9
-3.7
-5.6
-5.1
-5.7
-24.6
-5.9
-4.0
-5.9
8.496
10,223
3,170
11,022
2,530
3, 162
2,113
39, 820
1,427
10, 077
8,897
10, 461
3,336
11, 577
2,624
3,382
2,632
42, 387
1,534
10, 805
-4.5
-2.3
-5.0
-4.8
-3.6
-6.5
-19.7
-6.1
-7.0
-6.7
2,630
3,341
1,029
3,676
573
988
662
11, 528
313
3,543
2,669
3,328
1,099
3,746
573
1,039
682
11, 828
330
3,546
-1.5
.4
-6.4
-1.9
31
32
33
34
35
36
37
38
39
40
Nevada
Michigan
Oregon
Kansas
Hawaii .
Virginia
North Carolina
Utah.
Tennessee
Georgia
.3
5.1
1.0
.9
.5
2.2
2.2
.5
1.7
2.1
1,947
30, 300
6,029
5,355
2,718
13,041
13,164
2, 747
9,969
12, 323
2,026
31, 518
6,276
5,587
2,834
13, 624
13, 830
2,891
10, 536
13, 029
-3.9
-3.9
-3.9
-4.1
-4.1
-4.3
-4.8
-5.0
-5.4
-5.4
1,985
30, 641
6,247
5,992
2,822
13, 300
13,893
2,825
10, 276
12, 868
2,078
32, 031
6,677
6,919
2,940
13, 997
14, 903
3,014
10, 976
13,734
-4.5
-4.3
-6.4
-13.4
-4.0
-5.0
-6.8
-6.3
-6.4
-6.3
2,298
37, 688
7,903
8,194
3,401
17, 189
16, 629
3,481
12, 456
15, 498
2,462
39, 116
8,370
9,275
3,601
18, 513
17,740
3,731
13, 401
16, 630
-6.7
-3.7
-5.6
-11.7
-5.6
-7.2
-6.3
-6.7
-7.1
-6.8
529
9,162
2,173
2,240
788
4,845
5,286
1,097
4,121
4,766
551
9,061
2,219
2,264
829
4,844
5,302
1,150
4,095
4,818
-4.0
1.1
-2.1
-1.1
-4.9
41
42
43
44
45
46
47
48
49
50
South Carolina
Arkansas
North Dakota
Montana
Idaho
..
Mississippi
Wyoming
Colorado
Arizona
Florida.- . ... . _
1.1
.6
.2
.3
.3
.7
.2
1.2
.9
3.4
6,226
3,723
1,170
1,520
1,588
4,062
859
6,687
5,166
18, 541
6,603
3,960
1,248
1,624
1,720
4,427
946
7,389
5,775
20, 799
-5.7
-6.0
-6.2
-6.4
-7.7
-8.2
-9.2
-9.5
-10.5
-10.9
6,437
4,249
1,484
1,779
1,860
4,589
940
7,008
5,420
19, 347
6,895
4,829
2,420
2,153
2,123
5,107
1,066
7,851
6,027
21, 731
-6.6
-12.0
-38.7
-17.4
-12.4
-10.1
-11.8
-10.7
-10.1
-11.0
7,762
5,561
1,914
2,316
2,307
5,821
1,205
8,778
6,776
26, 781
8,404
6,195
2,863
2,713
2,643
6,434
1,353
9,787
7,743
30, 617
-7.6
-10.2
-33.1
-14.6
-12.7
-9.5
-10.9
-10.3
-12.5
-12.5
2,664
1,975
606
688
715
2,251
333
2,331
1,918
7,438
2,724
2,035
635
730
776
2,317
353
2,468
2,073
7,745
-2.2
-2.9
-4.6
-5.8
-7.9
-2.8
-5.7
-5.6
-7.5
-4.0
11
12
13
14
15
16
1. (Projected—actual) -f-actual.
-4.9
-2.9
-2.5
-5.2
-.1
-.3
-4.6
.6
-1.1
2. Labor and proprietors' income, which consists of wage and salary disbursements, other
labor income, and proprietors' income.
SUEVEY OF CUEEENT BUSINESS
April 1976
and Colorado largely because the extent
of the industry's increasing geographic
dispersion away from the more industrialized States toward the southern
and mountain States was underestimated in the projections. Underestimates of construction in Florida and
Arizona in 1973 were due, in part, to a
short-term building cycle: a temporary
spurt in building in 1973 was followed
by a sharp decline in 1975; these
changes were properly "smoothed" in
the projections. Construction in North
Dakota, Montana, and Wyoming grew
faster than expected because of missile
base building in North Dakota—a shortterm event—and more permanent gains
in mining and related construction in
Montana and Wyoming. Unusually
good agricultural conditions contributed
to greater-than-expected gains in related industries and in total nonfarm
25
earnings in most of the 13 States with
large underestimates.
increases in the demand for domestically
produced energy (dating from late
1973), and from three unusually good
years
of agricultural income—all of
First Quarter 1975
which supported increased levels of
Deviations for the first quarter of activity in major service-type indus1975 (the recession trough) necessarily tries and construction. Projections of
show the effects of the 1974-75 reces- manufacturing for these States held up
sion; projected earnings exceeded actual well, even though projected earnings
levels in nearly all States (table 4). in this industry were overestimated by
These data, however, also reveal the than 20 percent in the Northeasteffects of changes in secular trends not Great Lakes industrial belt. Mining—
evident in the 1973 data.
the only major component of nonfarm
Despite the recession, nonfarm earn- earnings to be underestimated nationings were underestimated in 5 States ally (by 21 percent)—was unexpectedly
(Alaska, Wyoming, North Dakota, strong in Alaska, Wyoming, Texas,
Idaho, and Montana) and were only West Virginia, Colorado, and Montana,
moderately overestimated in 11 States and so, in nearly all of these States,
(in the Eocky Mountain, Plains, and were energy-related construction, transSouthern regions). These States bene- portation, and trade. In these States,
fited from the continuing geographic projected mining earnings were about
dispersion of manufacturing, from sharp 30 percent below actual levels, due to
Table 2.—Percent Deviations1 in Nonfarm Earnings,21973
Rank
Total
States
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Oklahoma
Kentucky
New Mexico
Louisiana
Delaware
Maine
South Dakota
Texas
Alaska
Alabama™ „
.
_
.
31 Nevada
32 Michigan
33 Oregon
34 Kansas
35 Hawaii
36 Virginia
37 North Carolina...
38 Utah
39 Tennessee
40
41
42
43
44
45
46
47
48
49
50
Georgia
South Carolina
Arkansas. _ .
North Dakota
Montana
Idaho.
Mississippi
Wyoming
Colorado
ArizonaFlorida
D
Manufacturing
Transportation,
communication,
and public
utilities
Finance,
insurance,
and real
estate
Federal
civilian
government
Services
-2.1
0.5
-3.9
-0.1
3.7
2.7
2.4
5.5
5.4
4.8
3.9
3.3
3.2
2.9
2.7
2.5
9.7
16.4
20.3
5.1
7.1
15.3
14.1
8.9
12.9
4.1
9.0
1.5
4^7
4.3
4.5
2.5
2.0
50
—.1
3.7
4.3
32
—1.2
1.3
—1 0
—7 5
-3.7
19
—3 4
—3 5
6.9
7.0
4.4
5.3
27
2.4
3.5
_ i
5.9
4.2
9.9
7.8
10,3
10.2
25
6.8
5.3
49
10.2
8.2
7.5
8.7
10.9
11.0
9.1
11.7
7.9
6 2
8.3
5.0
1.6
15.1
0 0
2.3
1.7
1.1
.4
.0
—.1
— 4
-.5
—.9
-1.5
-2.2
3.7
—5.1
-7.5
4.8
-6.5
—7.6
—6 7
-4.3
10.1
-2.6
—9.4
8.0
2.7
8.1
5.0
7.4
33
—5 9
-6.0
—10.2
—9.8
—5 6
3.5
33
—2.8
—4.9
—3.7
—3 1
—4.9
_ 2
—5 4
—4 8
—3 4
2 3
3.5
g
1i
.9
25
2 2
26 5
—1.6
—4 0
—3 7
—4 4
1.6
14
28
10.7
70
62
55
14
16
79
—1 3
-2.3
-2.4
-2.7
-2.8
—3.1
-3.2
—3.2
-3.4
—3.5
-3.9
—.3
—16 0
5.1
—4.1
—68 6
—5.1
—2 0
—8.0
28 7
—13.5
—8 1
3
—14.2
—7 2
—4 5
—6 8
—19 6
—9 0
66
—16 5
—3.9
-3.9
—3.9
-4.1
—4.1
—4.3
-4.8
-5.0
—5.4
79
—14.2
—16 4
3.3
19 1
—12 0
—1.1
—3.0
—4 3
—25
5
—9
—4
—17
—14
—12
—24
—10
6
7
1
5
8
5
8
9
3
7.6
44
14 0
4.6
41
38
10 9
60
_ i
16
13
11
81
2
5
54
30
5
—25
16 6
— 5
g
86
55
37
—5 4
—5.7
-6.0
-6.2
—6.4
—7.7
-8.2
-9.2
—9 5
—10.5
—10.9
—3 5
—9 0
83
15
—14 2
15 7
90
—11 6
—2 8
—10 6
—12 8
16
—18
—11
—20
—14
—19
—14
—38
—28
—30
—28
6
9
5
6
8
0
7
4
0
0
4
fDt
(&\
.2
48
.5
48
— 9
13
—10 8
38
—3 5
—5 1
—5 8
10
g
40
68
2o
—5 6
—1 1
50
66
10 6
58
CD")
—8 7
59
—10 6
14 8
2 4
30
—6 5
26
38
62
—10 6
g
86
—6 8
—39
76
44
—3 6
Suppressed to avoid disclosure of data pertaining to an individual establishment.
1. (Projected—actual) + actual.
204-921 O - 76 - 4
Wholesale
and
retail
trade
-7.1
6.1
Missouri
California
Washington
Iowa
Indiana
Wisconsin
District of Columbia
New Hampshire..
Maryland
Nebraska
_
West Virginia
Contract
construction
-19.8
8.7
18.9
15.5
—12.0
.1
-9.7
—8.8
—11.4
-10.5
-0.2
United States
1 New York
2 Rhode Island
3 Vermont
4 Massachusetts
5 Connecticut
6 Minnesota
7 Illinois
g New Jersey
9 Ohio
10 Pennsylvania .
Mining
Q A
71
11 1
98
35
11 2
CD}
4 7
ft 0
11 7
q c
10 5
10 3
96
Q R
—5 3
Q
—6
—2
3
2
2
—5
4
—6
5
4
0
9
i
3
2
9
44
10
48
63
51
6 3
52
86
7 ft
g
6
—1
—3
3
4
0
3
0
1ft 1
R 7
Q 1
1ft 1
12 1
96
11 8
12 3
79
75
78
58
81
89
25
Q fi
Q A
13 1
95
84
10 3
41
39
24
1
16
41
77
12 7
60
10 7
190
1ft Q
State
and
local
government
Federal
military
-4.5
-0.2
3.8
.0
6.9
7.6
.1
8.1
3.6
-2.8
-5.1
-6.3
-6.7
—1.9
-4.6
-3.2
—9.3
—4.5
-6.4
-1.9
17.8
.2
11.9
—5.7
7.6
4.8
28.2
15.4
6.4
2.4
7.4
2.3
2.3
4.5
6
7
—3.3
— 5
.8
—10 2
-4.1
—1.0
-2.7
-.5
2.3
—2 3
—7 8
—5.5
—8.8
.0
—2 9
13.2
.0
14.0
-4.4
-15.4
18
—31 8
17.2
13.4
-6.6
—5.8
—1 7
97
—2 9
62
21
—4 7
27
10
64
39
19
20
26
—2 9
—2 3
—5 0
—3 6
10 1
—12 8
2
—6 1
—13 9
—4 7
3.6
—7 5
-11.3
60
51
—13.5
—9 3
-2.6
10
7.1
34
7
18
63
68
42
—1 8
28
59
59
23
7
—2 1
12 6
47
— 2
94
64
—6 0
—3 9
—5 6
9
66
—6 7
—6 9
—4 4
—6 9
—4 2
-4.8
—6 2
2.3
—23.2
2.5
—7.8
-17.0
4.2
80
7
22
4 7
23
20
48
—3 4
—7 9
82
33
—7 3
— 9
33
—6 4
—1 0
—11 4
—9 8
—4 1
16.3
—3.5
1.2
-13.7
-12.5
-19.0
-13.9
-14.8
-15.3
-5.5
-3.5
I
2
14
4
7
8
8
3
8
5
7
7 i
Q
71
94
44
69
10 0
o
—5 5
—8 5
—7 9
—7.5
—6 4
—12 1
—10 5
2. Labor and proprietors' income, which consists of wage and salary disbursements, other
labor income, and proprietors' income.
SUEVEY OF CUEEENT BUSINESS
26
April 1976
accelerated oil exploration and drilling overestimated throughout the 1971-75 sociated with employment and earnand coal production.3
period, did not return to its long-term ings opportunities, population changes
The largest overestimates in the growth path following the 1970 reces- in short-term periods, particularly recesfirst quarter of 1975 were in New York, sion as business establishments con- sions, tend to be less volatile than
Ehode Island, Vermont, and Massa- tinued their exodus, particularly from earnings changes. Thus, deviations in
chusetts; long-term forces were at New York City. Earnings from the the population projections during the
work in New York and Ehode Island. important finance and trade industries, recession of 1974-75 may be more
In Ehode Island large reductions in as well as from other service-type indicative of changes in long-term
labor-intensive military base opera- industries, have continued to be un- trends than of cyclical changes.
tions, beginning in 1974, resulted in expectedly low. In addition, New
Chart 7 indicates that, while prooverestimates of Federal military and York's manufacturing earnings which, jected population in nearly one-half of
civilian payrolls of more than 110 prior to 1970, were somewhat cycle- the States was within 3 percent of
percent. These reductions subsequently resistant, have been consistently actual levels in 1975, population proaffected service-type earnings, which overestimated.4
jections tended to diverge from actual
were overestimated much more in the
levels cumulatively during the 1973-75
State than in the Nation as a whole.
State Percent Deviations in period. In 2 of the 3 years, for example,
The New York economy, which was
Population, 1973-75
the largest overestimates were in Rhode
Island,
where projected population ex3. In a study, The Economic Impact of Oil Resource DevelopAlthough
long-term
population
ment on the Alaskan Economy, 1975-1985, done for the Federal
ceeded
actual levels by 1 percent in
Energy Administration, BE A found that employment due
changes (except for retirees) are as1973, 5 percent in 1974, and 7 percent
to Alaskan oil development and exploitation, and con4. See "Sensitivity of State and Regional Income to Nastruction of the pipeline and related facilities would reach a
in 1975. The largest underestimates,
tional Business Cycles," SURVEY OF CURRENT BUSINESS,
peak of over 40,000 in 1977, but would fall to around 30,000
in contrast, were in Idaho, where
April 1973.
jobs per year once the pipeline is in operation.
Table 3.—Percent Distribution of Nonfarm Earnings,1 1973
Rank
Total
States
Mining
Contract
construction
Manufacturing
Transportation,
communication,
and public
utilities
Wholesale
and
retail
trade
Finance,
insurance,
and real
estate
Services
Federal
civilian
government
State
and local
government
Federal
military
100.0
1.0
6.7
28.1
7.6
17.0
5.4
15.9
4.4
11.5
2.4
1 New York
2 Rhode Island
3 Vermont
4 Massachusetts
5 Connecticut
6 M innesota
7 Illinois
g New Jersey
... 9 Ohio
10 Pennsylvania
100.0
100 0
100.0
100.0
100.0
100 0
100 0
100.0
100.0
100.0
.2
.1
5.2
23.7
31.7
28.3
28.1
37.1
26.9
33.0
32.2
41.2
35.3
8.4
5.3
7.0
6.6
5.2
8.5
8.1
8.1
7.0
7.6
16.9
15.9
16.1
17.0
14.9
19.4
17.6
17.0
15.3
15.6
8.8
5.0
4.7
6.2
6.9
5.3
5.5
4.8
4.0
4.6
19.5
15.6
17.9
19.5
16.2
15.1
14.8
16.2
13.3
15.2
2.7
14.0
11 0
13 1
11.3
.6
4 8
11
12
13
14
15
16
100.0
100.0
100.0
100.0
100 0
100.0
100 0
100.0
100.0
100.0
100.0
28.4
22.9
23.8
30.3
44.7
38.3
9.7
7.6
7.7
7.7
6.6
6.3
18.8
17.5
18.0
19.7
14.8
16.4
5.7
6.2
13.1
16.5
17.5
21.2
14.3
5.3
5.8
5.1
5.2
4.0
4.3
4.3
4.9
4.9
6.5
2.9
15.1
18.4
15.2
13.9
11.0
13.3
19.9
15.9
17.4
15.0
12.4
4.7
4.5
5.6
2.6
2.5
1.9
17
18
19
20
M issouri
California
Washington
Iowa . .
Indiana
Wisconsin
District of Columbia
New Hampshire
Maryland - Nebraska
West Virginia
21
22
23
24
25
26
27
28
29
30
Oklahoma
Kentucky..
New Mexico
Louisiana
Delaware
Maine
South Dakota
Texas
Alaska
Alabama
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
5.3
4.4
5.8
5.8
.1
.1
1.7
3.3
2.3
1.0
5.3
6.8
8.2
8.2
9.8
6.9
17.8
15.6
16.3
18.6
14.0
17.0
22.5
19.6
11.5
16.0
5.2
3.7
4.5
4.8
4.5
4.2
4.8
5.7
3.3
4.2
14.5
13.2
16.9
15.4
13.7
15.1
15.7
15.6
11.0
13.9
1.6
.4
.3
1.3
10.5
1.2
.2
4.1
.6
.4
7.4
6.6
7.8
6.5
6.9
20.6
35.2
16.8
33.1
25.3
5.3
8.4
9.6
8.8
7.2
6.6
8.6
6.4
8.7
14.6
14.4
19.7
19.1
15.9
15.1
16.2
17.8
17.6
19.5
4.3
3.4
4.8
4.9
6.0
4.5
4.4
4.4
4.7
5.9
36.9
12.5
14.8
14.6
17.8
14.2
12.5
13.9
14.6
13.9
7.3
6.6
8.9
8.4
9.1
6.7
34.9
30.5
12.0
20.2
30.0
11.0
9.6
16.7
15.8
13.5
8.0
6.4
8.4
14.2
18.0
24.3
19.5
19.9
16.2
15.1
18.6
16.9
20.2
3.9
4.9
4.5
4.3
4.3
4.3
3.2
6.1
5.9
7.2
12.5
14.0
14.9
15.5
15.6
13.9
11.8
15.7
16.5
19.7
United States
.-.
31
32
33
34
35
36
37
38
39
40
Nevada
Michigan
Oregon
Kansas
Hawaii
Virginia
North Carolina
Utah
Tennessee
Georgia
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
41
42
43
44
45
46
47
48
49
50
South Carolina
Arkansas
North Dakota
Montana
Idaho
. . -.
Mississippi
Wyoming
Colorado
Arizona. .
. .
Florida
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
.6
.1
.1
13
.7
.2
.7
1.2
.6
.5
.2
.4
.5
.2
.2
.1
.3
.2
.8
1.1
3.8
1.5
1.0
12.4
2.0
4.5
.4
5.6
8.0
6.6
6.7
6.8
6.3
6.4
5.7
6.4
6.1
5.9
6.5
6.7
6.1
6.2
3.7
8.0
8.3
7.9
8.0
(D)
33.0
18.6
18.5
25.6
18.4
40.2
28.7
11.1
20.7
6.8
29.6
13.5
11.6
11.6
9.1
8.7
7.6
8.2
7.0
10.0
10.8
10.2
18.7
29.3
6.5
7.3
8.2
8.6
7.4
7.1
7.5
7.4
5.2
6.8
6.6
(D)
10.0
6.9
D
D
( )
45.4
27.3
23.1
6.2
6.9
7.2
( )
5.4
8.3
9.3
8.2
6.6
11.5
8.1
D Suppressed to avoid disclosure of data pertaining to an individual establishment.
1. Total labor and proprietors' income, which consists of wage and salary disbursements, other labor income, and proprietors' income.
5.0
3.3
3.3
1.9
2.6
2.7
3.0
2.9
3.7
42.7
3.3
11.1
4.1
3.1
8.1
4.5
10.7
3.3
2.4
5.5
7.4
4.7
13.3
7.6
9.9
13 5
10 3
10.7
9.2
9.7
9.6
13.5
14.1
12.9
9.0
12.6
8.1
10.2
12.2
13.0
10.7
11.1
10.1
16.6
12.2
10.0
11.9
16.3
10.2
17.6
10.5
4.8
5.5
11.6
11.1
13.1
12.2
11.6
10.5
10.4
12.3
10.3
10.3
4.3
4.2
6.4
7.1
5.5
4.8
5.9
6.3
5.1
3.7
10.2
10.3
15.0
14.8
12.6
11.9
15.3
11.7
13.1
11.8
4.4
1.7
4.1
4.0
10.5
11.4
2.8
12.3
1.0
1.3
1.1
6
1.0
1.4
.7
.7
1.7
3.4
3.8
.6
.8
.5
4.4
2.3
3.7
3.3
.8
4.1
4.3
5.8
2.9
2.4
3.6
4.8
4.6
14.3
3.5
3.6
.6
.7
4.6
12.4
7.9
5.1
2.0
1.4
3.6
7.1
2.4
8.7
3.6
3.1
4.6
4.1
5.3
4.2
3.5
SUEVEY OF CUERENT BUSINESS
April 1976
fast-growing southern and western
States would be too low; and those for
the remaining States would be approximately on trend. Supplemental data
with which users can track the projections for particular States on a continuing basis are discussed in the
following section.
early retirements caused by the recession and fears of energy shortages and
rising fuel costs.
projected population fell short of actual
levels by 8 percent, 11 percent, and 13
percent, respectively.
The States with large population
underestimates were mainly in the
South and West. An accelerated inflow
of retirees has stimulated population
growth in such Sun Belt States as
Arizona, Florida, and Nevada. The
growing energy industry, three unusually good farm income years in succession (1972-74), and reduced chances
of finding jobs in the industrialized
States of the Northeast and Great
Lakes helped reverse the historical pattern of outmigration from some Eocky
Mountain States and from other States
in which agriculture is unusually important. Not only was inmigration to
the Northeast limited, but also outmigration from the Northeast—to the
Sun Belt—may have accelerated due to
27
Implications for 1980
In general, the post-1971 comparisons
between projected and actual earnings
and population reveal that about onehalf of the State economies appear to
have remained on their long-term
growth paths. The other half have departed significantly from trend because
of a larger-than-expected redistribution of economic activity and population between the Northeast-Great Lakes
industrial States and a group of western
and southern States.
If recent trends continue into the
future, then the 1980 projections for the
Northeast-Great Lakes
industrial
States would be too high; those for the
Availability of Additional Data
Additional State data useful for
measuring and explaining deviations
between projected and actual population and income are available, including
(1) data showing population, total personal income, and earnings in 37industry detail, 1958-74, together with
personal income and earnings in 10industry detail through the four quarters of 1975; (2) estimates of population, personal income, and earnings in
Table 4.—Percent Deviations1 in Nonfarm Earnings,2 First Quarter 1975
Rank
Total
States
Mining
Contract
construction
13.9
-20.9
24.1
24 6
24.6
23.8
22 9
21.3
20.2
19.6
19 3
19.2
19.1
—13 0
25.5
98.7
52 4
23 1
-20.5
—18.9
19
52 9
11 2
65 8
102 4
54.4
52 2
55 4
43 6
54 0
47 3
56 0
54 7
19 0
18.1
17.0
17.0
15 7
14.1
13.8
13 7
12 8
12.6
—11 8
— 19 1
-23.7
31 7
48 7
32 2
14
15
16
17
18
19
Indiana
Illinois
- Pennsylvania
District of Columbia
Minnesota
- Georgia
North Carolina
Delaware
Wisconsin
M aryland
20
21
22
23
24
25
26
27
28
29
30
California
South Carolina
Tennessee
Maine
Kentucky
Iowa
Oregon
Nevada
Virginia
Alabama
Washington
11 6
11 5
11.0
31
32
33
34
35
36
37
38
39
40
Arkansas
Florida
Hawaii
Arizona
New Mexico
Oklahoma
South Dakota
Nebraska
Colorado
West Virginia
41
42
43
44
45
46
47
48
49
50
Texas
Louisiana
Kansas
Mississippi
Utah
Montana.
Idaho
North Dakota
Wyoming
Alaska
United States
1
2
3
4
5
6
7
8
9
10
New York
Vermont
M assachusetts
Rhode Island
New Jersey
Ohio
Michigan
Missouri
New Hampshire
Connecticut
11
12
13
..
- - ...
..
D
9.8
8.0
6.8
8.5
66
—16 8
379.7
—6 8
—11.9
-20.6
10 6
—10.2
-23.2
—25 6
4.4
4.2
4 1
2.6
2.3
2.2
.3
.2
-.9
-3.5
-6.6
-17.2
-31.6
g
7 8
13.4
29 0
10.2
7s
4.2
7.9
7.2
4 4
25 9
—11 0
—1 0
—27 2
84
5.1
5.0
39 0
21 0
15 7
32 4
39 4
19 2
—74 0
—1 3
—7 7
-12.3
—27.9
-40.6
—9.0
61
(D)
5.9
—43 4
6.1
_. _
—6 8
15.7
96
9.2
8.7
8.5
.
(D)
oo c
-26.4
-13.6
-13.5
—.1
-10.6
-19.5
—1.0
-20.8
-39.3
-43.8
(D)
97
—8.9
19 3
—3.4
8 4
—8.1
17 1
—1.9
.6
—15 4
2 7
15.4
18 4
—7.2
-9.3
7.2
—18.7
-15.2
-9.7
—22 9
(D)
-54.9
-68.5
Transportation,
communication,
and public
utilities
Manufacturing
and
retail
trade
Finance,
insurance,
and real
estate
Federal
civilian
government
Services
State
and
local
government
Federal
military
19.2
10.5
9.9
16.2
15.5
13.6
6.3
10.5
29
20
22
8
25
21
26
28
25
17
8
8
7
1
9
4
1
8
6
9
20 8
19 6
20 5
16 7
21 6
15 7
16 0
7 9
18 5
18 7
24 5
19 4
21 0
20 9
13 5
16 0
13 7
15 0
10 5
16 2
23 7
32 1
23.8
17 5
18 3
27 1
21 6
23 8
19 4
11 7
25
30
29
29
21
22
12
15
14
26
0
8
4
5
7
9
3
1
7
5
12 2
10 1
33.8
58 9
13 6
28 2
56
11 9
45
16
10 8
54
4 4
61
17
81
76
71
5 6
9 7
11 8
21 7
21 0
19 1
40 5
17 7
34 0
28 4
18 0
9 0
23 9
14 8
12 0
14 0
19 4
87
4 i
9 7
88
16 5
18 0
14 4
12 5
15 8
52 8
89
61
7 4
11 0
11 7
6 3
15 8
15 4
21 5
31 3
18 6
81
11 7
15 1
14 4
11 4
22 1
19 7
20 5
11 1
25 6
41
11 5
13 0
15 8
14 3
16 4
24 9
18 3
15 7
12 2
16 5
—1 2
7 2
10 6
14 7
86
4 3
7 1
6 2
16
14
35
10 0
—2*8
—24 7
12.8
13.6
-14.6
20 3
37.5
—5.1
13 5
12 3
40.1
88
2 6
36
7 0
80
5 4
2 8
4 3
2 9
_ 1
4 8
17 1
4 9
91
12.7
19 0
14 3
18 0
17 4
4 2
87
24 6
12 2
18 1
80
15 0
3 4
—2 6
77
11.7
16 7
24 4
12 4
12 4
17 7
10 1
16 3
17 0
16.2
— 3
—3 5
—3 6
—1 6
31
35
2 7
—2 8
—1.9
10
—1 3
75
15
13 0
86
29 8
10 2
17 8
15 7
12 1
20 4
15
76
61
10 3
13 0
11 5
9 3
35
81
10
13 2
6 5
— 8
9 8
9.2
—1.8
-1.8
-2.0
—5 4
-1.4
7.4
9.0
1.1
5.1
4.4
15.8
3.9
5.7
10
25
25
25
17
2
13
—4
19
17
2
6
5
0
7
7
7
3
2
3
5
6
18 6
21 0
18 4
15 6
36
60
2 2
4 0
5.2
11.0
-6.2
6.7
—8.9
19.6
2 4
—28.1
.6
-10.9
Suppressed to avoid disclosure of data pertaining to an individual establishment.
1. (Projected—actual) -tactual.
Wholesale
12 1
87
63
53
7 2
80
9 3
—2.9
32
1.4
4 8
.0
7
9
—3
—1
7
2
4
6
5.7
.6
Q 0
-6.6
—3 0
-2.8
-12.1
-39.1
3.5
1.4
-4.3
—2.5
-5.1
-4.4
—6 0
—8.7
-10.1
-25.8
5
(D)
70
9 2
11 1
3.9
15.2
38
17.7
34
—.6
7.2
4.4
51
13
3.1
4.7
-24.9
(D)
6.6
-43.7
60
8*4
7
22
36
—2
0
1
7
4
3
4
—5
7
9
2
4
4
7
6
1
1
0
8
5
2
2
0
7
31
9
4.8
55.5
237 1
82.5
20.2
7.1
28 4
31.9
—6.1
g
8. 1
.4
—.7
6.4
—14.2
4.5
2.2
16.4
8.3
.1
9.3
-27.0
2.9
13 5
— 3
4 5
27.1
35
4 4
12 4
7 2
.6
2.5
6.0
7.6
9.9
-.3
7.7
—11 0
16.0
-10.3
7
—5.4
1.8
3.1
6.2
5.0
11.2
6.3
1.7
.0
—5.8
7.9
2.9
-8.0
7.2
-2.7
13.0
11.8
10.0
12.2
-5.7
2.5
-2.4
-11.5
-2.0
-6.9
12.4
2. Labor and proprietors' income, which consists of wage and salary disbursements, other
labor income, and proprietors' income.
SURVEY OF CURRENT BUSINESS
28
April 1976
CHART
7
Percent Deviations in Population
(Ranked on 1975)
-
2
0
2
4
U.S. Department of Commerce, Bureau of Economic Analysis
6
8
-14 -12
I
-10
I
-8
I
Percent
-6
i
4
-
2
0
-14 . -12
-10
-8
-6
4
-
2
0
-
2
2
76-4-7
April 1976
SURVEY OF CURRENT BUSINESS
29
Table 5.—Revisions in Population and Income Estimates, 1968-71, and Deviations—Projected Less Actual1—1972-75, New York
Deviations, projected vs. actual
Revisions, preliminary vs. final
1975
1968
1969
1970
1971
1972
1974
1973
1975
II
I
III
IV
Based on seasonally adjusted data
Percent
Population
Personal Income
Total earnings
0.0
1.7
2
-1.0
0.0
1.8
-1.0
0.0
1.9
-0.2
2.5
0.9
5.2
2.2
7.5
3.1
14.5
3.7
19.1
20.0
19.0
18.6
19.0
-.7
-.5
3.0
6.0
15.4
24.7
24.6
24.4
24.3
25.5
Millions of 1967 Dollars
Population (thousands)
Personal Income
Total earnings 2 .
.
Agriculture, Forestry, and Fisheries. _.
Mining
Contract Construction.
Manufacturing
Transportation, Communication, and
Wholesale and Retail Trade
Finance, Insurance, and Real Estate.
Services
..
Federal Civilian Government
State and Local Government
Federal Military
..
Public Utilities.. _
0
1,239
0
1,366
-8
1,485
-35
1,904
157
4,119
392
6,076
568
11, 429
673
14, 943
15, 501
14, 860
14, 582
14,830
-595
-624
-407
-329
1,899
3,874
9,421
14,445
14,385
14,297
14,273
14,824
1
0
-34
-4
1
-121
-147
-332
-14
55
0
1
0
-41
-3
-9
-131
-136
-288
-14
-2
0
17
0
-40
-27
-3
-125
-74
-153
-4
4
-1
-16
5
-52
-11
32
-128
-117
-9
1
-40
5
100
-12
234
1,064
61
332
29
411
25
-326
-19
2
-22
320
1,346
232
738
558
928
27
-247
-8
54
-18
873
2,511
744
1,578
1,050
1,984
165
458
21
82
-19
1,784
3,959
1,046
2,292
1,159
2,800
277
1,018
47
103
-14
1,549
3,944
1,024
2,381
1,276
2,957
201
922
42
130
-23
1,722
3,920
1,120
2,314
1,130
2,798
313
826
47
64
-19
1,887
3,988
1,032
2,198
1,145
2,634
255
1,033
56
32
-21
1,978
3,983
1,009
2,277
1,085
2,811
337
1,290
43
1. Positive numbers are the excess of projected over actual (overestimates); negative numbers are the excess of actual over projected (underestimates).
37-industry detail, 1968-71, available
when the projections were initially published; and (3) annual interpolations of
the long-term, full-employment projections for the years under study.
Some measures developed from the
above data are shown, for New York
State, in table 5 (in 11-industry detail)
and table 6 (in 37-industry detail). For
the 1968-71 period, dollar and percent
deviations between preliminary estimates available when the projections
were initially published and the current,
revised estimates are shown. For the
1972-74 period (and for the four
quarters of 1975 in table 5), deviations
between projected and actual data are
shown.
2. Labor and proprietors' income, which consists of wage and salary disbursements, otheJ
labor income, and proprietors' income.
Table 6.—Revisions in Earnings Estimates, 1968-71, and Deviations—Projected Less
Actual—1 1972-74, New York
[Ranked by deviations in 1973, in descending order!
Deviations, projected
vs. actual
1968
1972
1969
1971
1970
1973
1974
Millions of 1967 Dollars
Total earnings2
-595
-624
-407
-329
1,899
3,874
9,421
-121
-147
-223
-2
-34
10
o
-131
-136
-190
-1
-41
4
0
0
-125
-74
-65
-5
-40
29
-9
-2
-128
-117
57
-6
-52
39
-7
1
332
29
25
245
234
190
207
200
738
558
358
330
320
262
235
220
1,578
1,050
965
599
873
440
444
281
0
-4
-40
-1
0
1
0
0
0
0
-40
-1
0
1
0
0
-1
8
-37
-4
-3
i
-2
-2
2
4
-19
-7
5
-2
1
1
126
107
122
72
96
117
74
60
207
185
178
138
137
110
105
87
406
335
266
222
186
95
182
118
-11
-10
. . _.
()
-4
-14
0
0
0
0
-9
-7
-8
-4
-1
16
0
0
-5
-18
1
1
2
-17
0
7
34
49
13
25
-3
102
2
-19
63
50
40
27
6
4
1
1
118
190
147
165
31
54
-3
3
...
(D)
0
-1
(D)
-47
0
0
0
-7
-37
0
-8
-1
-13
-36
5
4
5
-15
3
0
-2
-16
0
5
-19
-122
1
0
-2
-2
-2
-7
-8
-19
6
0
-1
36
58
16
21
129
(D
(D)
-3
0
-2
4
-17
-25
-21
-1
-326
-24
-45
-50
-83
-247
-22
12
19
-59
458
Wholesale and retail trade .
Finance, insurance, and real estate _
Professional services
Business and repair services
C ontract construction
Other transportation
Miscellaneous manufacturing
Machinery, excl. electrical..
(D)
Apparel and other fabric products
Printing and publishing
Lodging places and personal services
Food and kindred products
._ .
Chemicals and allied products.
-.
...
Transport equipment excl. motor vehicles
Fabricated metals and ordnance
_ .. _
Paper and allied products
__
Amusement and recreation services
Electrical machinery and supplies.
Trucking and warehousing
Federal civilian government.
Lumber products and furniture
Agriculture
Metal mining
Petroleum refining
Address all data inquiries to the
U.S. Department
of Commerce,
Regional Economic Analysis Division,
Bureau of Economic Analysis, Washington, D.C. 20230.
Revisions, preliminary vs. final
Nomnetallic mining, except fuels
Coalmining. . . .
Forestry and
fisheries
Private households
Textile mill products
Railroad transportation
Federal military
Communication
Crude petroleum and natural gas
Public utilities
Motor vehicles and equipment ._
Primary metals .
State and local government
__.
..
.
_ _,
. ..
.. ..
_..
...
.
...
0
(
-\4
0
0
D 0
0
-56
0
(D)
0
-6
(D)
-1
0
55
-1
(D)
0
12
-1
0
-2
(D)
<D)
2
-9
5
-40
D
Suppressed to avoid disclosure of data pertaining to an individual establishment.
1. Positive numbers are the excess of projected over actual (overestimates); negative numbers are the excess of actual over
projected (underestimates).
.
,
2. Labor and proprietors' income, which consists of wage and salary disbursements, other labor income, and propnetors
income.
BY
ROBERT B.
BRETZFELDER
Contrasting Developments in the States
During Recession and Early Recovery
CHART
8
Changes in Nonfarm Income
in Recession and Early Recovery
0
JL HE seven States hit hard during
the recent recession (from the fourth
quarter of 1973 to the first quarter of
1975) did well during the early part of
the recovery (from the first to the
fourth quarter of 1975). In contrast, of
the six States that did exceptionally
well during the recession, only half
continued to do well during the
recovery.
States that did poorly during the
recession
States with the smallest gains in
nonfarm income * during the recession
turned around very sharply (Michigan,
Georgia, New Hampshire, and South
Carolina) or advanced somewhat faster
than the national average (Indiana,
North Carolina, and Ohio) during the
recovery (chart 8). Manufacturing—
especially autos and textiles—and construction held back income gains during
the recession, but the former supported
rapid gains during the recovery (table
A). Changes in service-type industries
paralleled those in manufacturing: gains
were below the national average in the
seven States during the recession, but
above or near average in New Hampshire, Ohio, South Carolina, and Indiana during the recovery. In contrast,
the lingering effects of the recession
caused construction to continue to
decline in five States and rise only
moderately in New Hampshire and
Indiana.
1. State nonfarm income is a more reliable indicator of the
geographic impact of national economic changes than total
personal income, because rapid and erratic changes in farm
income tend to blur underlying economic developments.
30
In all seven States, rapid increases
in government unemployment insurance
benefits—at least 440 percent, compared with 266 percent nationally—
helped cushion the declines in key
industries during the recession. With
recovery, these payments declined or
changed only moderately.
Relative income changes in the
District of Columbia, unlike those in
the seven States, primarily resulted
from changes in Federal Government
payrolls.
States that did well during
recession
U.S. Percent Change =100
100
200
300
UNITED STATES
States that did poorly in recession and
• well in recovery
the
Of the States with the fastest nonfarm income gains—at least 55 percent
above the national average—during
the recession, Alaska, Wyoming, and
Idaho continued to gain rapidly during
the recovery (though not as rapidly as
previously), but North Dakota, Washington, and Utah did not (chart 8).
In all six States, mining, construction, and manufacturing stimulated
gains in service-type industries during
the recession. The large gains in Alaska
and Wyoming mainly reflected increased mining and related construction
activity, such as the Trans-Alaska oil
pipeline. Missile base construction was
important in North Dakota. Because of
the economic strength of these six
States, gains in government unemployment insurance benefits were well below
average.
During the recovery, mining and
related construction continued to support rapid gains in Alaska and
Wyoming, and manufacturing con-
States that did well in recession and
well in recovery
U.S. Department of Commerce, Bureau of Economic Analysis
400
CHART 9
Per Capita Personal Income, 1975
$6,159
o
^
o
~-—
$4,766
/- ,
i
-iicr—^"^
/*r- r
\
^
$4,383
OUTHEAST
^--^ini^}^
\W.729/
N
L
'
—i
\
\_,_,
\ .4 9!L«L.
UNITED STATES
^1 6,100-8,900
U.S. Department of Commerce, Bureau of Economic Analysis.
|
- | 5,000-6,099
|
| 4,000-4,999
.«. tfij
$5,834
W
d
in
32
SUEVEY OF CUEEEXT BUSINESS
tinued to be strong in Idaho. In
contrast, manufacturing weakened in
Utah and Washington, and construetion leveled off in North Dakota.
Five other States—New York, South
April 1976
Dakota, Ehode Island, Hawaii, and
Connecticut—had moderate gains in
nonfarm income, ranging from 4%
percent to 5% percent, during the
recovery.
State Personal Income, 1974-75
From 1974 to 1975, both U.S. Nationally and in most of the States,
personal income and consumer prices income gains were bolstered by sharp
(as measured by the implicit price advances in transfer payments (up
deflator for personal consumption ex- nearly 25 percent); excluding these
penditures) rose about 8 percent; thus, payments, U.S. income gained 5%
real income was little changed. Current- percent, well below the rise in consumer
dollar personal income gained in all prices.
50 States and the District of Columbia.
In 22 States and the District of
Columbia, gains in current-dollar
personal income were above the national
rise in consumer prices. These States,
with gains ranging from 33K percent to
8 percent, were: Alaska, Nebraska,
Wyoming, Iowa, Nevada, Montana,
Washington, Utah, West Virginia, New
Mexico, Texas, California, Ehode
Island, Alabama, Oklahoma, Delaware,
Vermont, Louisiana, Kansas, Maryland, Wisconsin, and Hawaii. In five
States—Pennsylvania, Illinois, Virginia,
Colorado, and Massachusetts—income
gains approximated the rise in consumer prices. In the remaining 23
States, income gains ranged from 4
percent to 7% percent, and real income
apparently fell.
Table A.—Percent Change in Nonfarm Income and Selected Components
I 1975-IV 1975
IV 1973-1 1975
Ranked by gain in nonfarm
income IV 1973—1 1975
United States .
Wages and salaries
Total
11.2
Manufacturing
0.3
Construction
-6.1
Mining
35.3
Servicetype
industries*
10.8
Wages and salaries
Government
unemployment
insurance
benefits
Total
266.5
7.2
Servicetype
industries*
Government
unemployment
insurance
benefits
Manufacturing
Construction
7.4
-1.6
13.0
6.6
16.0
Mining
States that did poorly in recession and —
Well in early recovery:
1 Michigan
2 Georgia
3 New Hampshire _. . .
Dist. of Columbia
4 South Carolina
4.6
7.2
7.4
8.4
8.6
-15.3
-9.8
-4.7
4.0
-9.4
-17.2
-18.7
-29.4
10.0
-6.4
19.2
-1.0
-26.5
77.6
7.8
9.1
7.6
8.8
8.6
7.0
505.8
900.7
439.3
124.3
1, 246. 7
12.1
8.7
8.7
11.5
10.8
23.1
20.5
8.6
-18.5
27.5
-9.1
-8.7
3.9
-1.0
-3.4
3.2
7.7
54.4
15.8
10.0
5.4
4.0
11.3
7.5
7.5
9.1
-2.4
-1.5
77.8
-45.3
7.4
8.0
8.6
-6.0
-9.2
-2.9
-2.5
-9.8
-7.1
22.8
7.6
29.0
9.0
6.5
9.6
541.1
1, 218. 6
632.6
7.5
7.3
7.4
9.3
15.0
7.5
2.9
-4.9
-1.2
12.8
-3.0
19.3
6.5
4.6
8.1
12.4
-20.8
6.9
About average in early recovery:
5 Indiana
6 North Carolina.
7 Ohio
States that did well in recession and—
Well in early recovery:
1 Alaska
2 Wyoming
3 Idaho
39.1
24.3
17.8
26.4
13.8
8.9
337.3
49.4
29.6
165.7
63.5
26.1
89.5
24.5
17.6
38.5
147.6
153.2
18.6
8.9
8.7
-8.0
5.5
14.3
72.6
2.9
4.8
15.8
13.9
1.0
16.0
3.9
11.5
48.6
68.3
1.6
19.5
17.8
17.4
45.4
12.5
22.7
50.4
9.8
4.5
50.5
19.4
27.3
18.4
16.5
14.9
34.2
126.5
157.4
6.3
6.7
4.4
1.9
5.0
-6.2
-1.4
1.9
-5.4
36.3
4.8
-1.6
6.8
7.7
8.4
22.8
5.3
29.3
Below average in early recovery:
4 North Dakota .
5 Washington.
6 Utah
•"Includes wholesale and retail trade, the finance, insurance, and real estate group, the transportation, communication, and public utilities group, and services.
April 19T6
SUEVEY OF CUERENT BUSINESS
33
Table 1.—Total and Per Capita Personal Income and Quarterly Total Personal Income, by States and Regions
Total personal income
Millions of dollars
State and region
1973
1974 r
Total personal income
Per capita personal income
Millions of dollars, seasonally adjusted at annual rates
Dollars
1975 P
Percent
change:
1974-75
1973
Percent
change:
1974' 1975 * 1974-75
I'
United States... 1,054,081 1,151,721 1,243,313
II r
Percent
change
III 1975IV 1975
1975
1974
III'
IV '
I'
II'
III'
IV P
7.1 1,107,391 1,137,933 1,171,724 1,189,836 1,200,764 1,221,373 1,259,043 1,292,072
2.6
8.0
5,023 5,449 5,834
63,363
18,156
4,314
30, 590
3,646
4,688
1,969
69,258
19,928
4,807
33,386
4,000
5,005
2,133
74,241
21, 212
5,067
35, 895
4,262
5,485
2,320
7.2
6.4
5.4
7.5
6.6
9.6
8.8
5,217
5,896
4,153
5,275
4,592
4,847
4,227
6,086
6,854
4,785
6,159
5,210
5,917
4,925
6.8
6.2
4.2
7.0
5.2
10.8
8.6
66,865
19, 201
4,681
32, 214
3,878
4,843
2,048
68,521
19, 723
4,740
32, 987
3,977
4,965
2,129
70, 178
20, 235
4,791
33, 883
4,041
5,069
2,160
71,466
20, 553
5,013
34,460
4,104
5,142
2,193
72, 148
20,851
4,878
34,744
4,098
5,346
2,230
73, 179
20,931
4,960
35, 458
4,161
5,403
2,265
75,159
21,328
5,150
36, 427
4,329
5,576
2,350
76,478
21, 738
5,281
36,951
4,459
5,615
2,434
1.8
1.9
2.5
1.4
3.0
.7
3.6
234,020
3,347
254,869
3,613
273,478
3,937
7.3
9.0
5,470 5,974 6,411
5,845 6,309 6,799
7.3
7.8
245,500
3,450
252,261
3,535
258,454
3,686
263,261
3,779
265,365
3,780
270, 165
3,859
276,628
3,981
281,752
4,127
1.9
3.7
4,721
22, 170
'41,927
r
103, 046
58, 810
5,125
24,343
45, 828
111,495
64,465
5,549
26, 378
48, 496
119, 649
69,468
8.3 6,433
8.4 r 5,442
5, 724
5.8
7.3 «• 5, 658
7.8 4,958
7,092
5,946
6,252
6,156
5,447
7,751
6,437
6,629
6,603
5,874
9.3
8.3
6.0
7.3
7.8
4,872
23,422
44, 220
107, 640
61, 895
5,049
23, 986
45,508
110,518
63,664
5,222
24, 699
46, 409
112,995
65,442
5,358
25, 265
47, 174
114, 826
66, 859
5,224
25,576
47, 206
116,351
67,228
5,472
25, 966
47, 754
118,747
68, 368
5,674
26,645
49,050
121, 019
70,260
5,828
27, 324
49, 974
122,480
72, 019
2.7
2.5
1.9
1.2
2.5
216, 126
64, 022
26, 141
49, 886
54, 254
21, 822
234, 157
69, 820
27, 665
53,493
59, 228
23, 951
251,257
75, 230
29, 673
57, 142
63, 290
25, 922
7.3
7.7
7.3
6.8
6.9
8.2
5,294 5,730 6,131
5,728 6,273 6,750
4,929 ,190 5,587
5,506 ,880 6,240
5,050 ,516 5,883
4,807 ,245 5,627
7.0
7.6
7.6
6.1
6.7
7.3
224,938
67, 092
26, 478
51,300
56, 924
23, 143
230,775
68,800
27, 278
52, 539
58,344
23,814
239,494
71,425
28, 462
54, 858
60, 527
24, 223
241,425
71,965
28,442
55, 277
61, 119
24,622
241,066
72, 429
28,572
54, 013
61,040
25,012
246,275
73, 710
28, 892
55,876
62,338
25,459
255,224
76,471
30, 258
58, 051
64, 095
26, 349
262, 465
78,309
30,971
60, 627
65, 688
26, 870
2,8
2.4
2.4
4.4
2.5
2.0
84,452
15, 148
11,829
19,861
22, 656
7,949
3,651
3,357
87,738
15, 070
12, 483
21, 236
24,053
8,144
3,557
3,195
95,376
16, 931
13,530
22, 591
25, 659
9,546
3,718
3,401
8.7
12.3
8.4
6.4
6.7
17.2
4.5
6.4
5,077 ,260
5,291 ,279
5,224 ,499
5,106 ,421
4,752 ,035
5,187 ,280
5,746 ,582
4,923 4,682
5,715
5,899
5,968
5,754
5,387
6,175
5,855
4,980
8.7
11.7
8.5
6.1
7.0
17.0
5.0
6.4
84,518
14, 180
12, 193
20, 247
23, 344
7,664
3,644
3,247
88,030
14, 848
12, 272
21,733
23,816
8,169
3,971
3,220
89, 685
16, 234
12,481
21, 667
24, 593
8,355
3,072
3,283
88,720
15, 019
12,988
21,294
24,458
8,389
3,542
3,029
91,360
16, Oil
13, 021
21,882
24,656
9,002
3,545
3,244
93,428
16, 463
13, 250
22,213
25,309
9,333
3,551
3,309
97,391
17,553
13, 796
22, 881
25, 944
9,825
3,826
3,565
99,326
17,698
14, 053
23,387
26,728
10, 024
3,950
3,487
2.0
.8
1.9
2.2
3.0
2.0
3.2
-2.2
Southeast
Alabama
Arkansas
Florida
Georgia.
Kentucky _
Louisiana
Mississippi .
N orth Carolina, ..
South Carolina...
Tennessee
Virginia .
West Virginia
199,420
13, 781
7,900
39, 047
21, 209
13, 342
14, 765
8,206
22, 625
10, 718
17, 091
23, 610
7,126
220,541
15, 074
8,659
43, 783
23, 196
14, 911
16, 531
8,839
24, 752
12, 003
18, 790
26, 172
7,830
235,306
16, 469
9,274
46, 105
24, 477
15, 852
17, 928
9,481
26, 171
12, 739
19, 959
28, 169
8,681
6.7
9.2
7.1
5.3
5.5
6.3
8.4
7.3
5.7
6.1
6.2
7.6
10.9
4,308
3,886
3,883
5,041
4,402
4,009
3,942
3,542
4,267
3,935
4,174
4,874
3,985
4,689
4,214
4,200
5,412
4,752
4,442
4,392
3,804
4,616
4,311
4,551
5,333
4,373
4,926
4,557
4,383
5,517
4,969
4,668
4,729
4,041
4,801
4,521
4,766
5,671
4,815
5.1
8.1
4.4
1.9
4.6
5.1
7.7
6.2
4.0
4.9
4.7
6.3
10.1
212,646
14, 610
8,534
42, 071
22, 383
14, 152
15, 736
8,436
24,324
11, 640
18, 090
25, 165
7,505
218,542
14, 927
8,717
43, 275
22, 840
14, 911
16, 285
8,869
24, 501
11,887
18, 551
26, 017
7,761
224,183
15, 244
8,882
44, 777
23, 469
15, 236
16, 655
9,045
25, 015
12, 095
19, 317
26, 478
7,970
226,795
15, 517
8,502
45, 008
24, 092
15, 345
17, 451
9,005
25, 173
12, 388
19, 202
27, 028
8,084
227,798
15, 783
9,050
45, 028
23, 548
15, 413
17, 597
9,167
25, 317
12, 117
19, 156
27, 187
8,433
230,610
16, 050
8,959
45, 351
23, 934
15, 532
17, 785
9,291
25, 509
12, 469
19, 659
27, 629
8,440
237,943
16, 721
9,461
46, 373
24, 677
16, 109
17, 918
9,572
23,674
12, 931
20, 211
28, 527
8,769
244,875
17, 320
9,627
47, 668
25, 749
16, 356
18, 411
9,894
27, 185
13, 440
20, 808
29, 335
9,082
2.9
3.6
1.8
2.8
4.3
1.5
2.8
3.4
1.9
3.9
3.0
2.8
3.6
Southwest
Arizona
New Mexico
Oklahoma .
Texas
79,536
9,876
4,255
11, 347
54, 058
87,838
11, 055
4,644
12, 423
59, 717
96,459
11, 852
5,141
13, 548
65, 919
9.8
7.2
10.7
9.1
10.4
4,501
4,764
3,871
4,252
4,570
4,871
5,136
4,139
4,586
4,956
5,265
5,329
4,482
4,996
5,387
8.3
3.8
8.3
8.9
8.7
84,564
10, 624
4,451
12, 038
57, 452
85,971
10, 874
4,571
12, 048
58, 479
89,318
11, 254
4,765
12, 650
60, 650
91,499
11, 467
4,786
12, 959
62, 287
92,741
11, 420
4,932
13, 022
63, 366
94,572
11,518
5,043
13, 283
64, 728
97,703
12, 019
5,200
13, 695
66, 788
100,821
12, 450
5,388
14, 190
68, 793
3.2
3.6
3.6
3.6
3.0
Rocky Mountain _ . .
Colorado
Idaho ..
Montana
Utah
Wyoming _ .
25,797
12, 482
3,371
3,460
4,759
1,726
28,523
13, 766
3,929
3,644
5,243
1,941
30,979
14, 797
4,084
4,065
5,812
2,222
8.6
7.5
3.9
11.6
10.9
14.5
4,710
5,058
4,345
4,742
4,137
4,892
5,127
5,514
4,919
4,958
4,468
5,403
5,452
5,839
4,980
5,434
4,819
5,942
6.3
5.9
1.2
9.6
7.9
10.0
27,614
13, 200
3,952
3,568
4,991
1,904
27,872
13, 386
3,854
3,552
5,180
1,901
28,919
14, 133
3,896
3,643
5,341
1,906
29,686
14, 344
4,015
3,812
5,460
2,055
29,816
14, 213
3,918
3,828
5,710
2,148
30,268
14, 463
3,955
3,900
5,769
2,180
31,389
14, 969
4,184
4,221
5,799
2,215
32,444
15, 543
4,277
4,310
5,968
2,346
3.4
3.8
2.2
2.1
2.9
5.9
144,819
113, 404
3,140
10, 675
17, 600
161,407
126, 117
3,458
11, 974
19, 859
177,638
138, 874
3,862
12, 837
22, 065
10.1
10.1
11.7
7.2
11.1
5,393
5,491
5,698
4,810
5,129
1,929
6,032
6,033
5,284
5,713
6,434
6,555
6,524
5,610
6,226
8.5
8.7
8.1
6.2
9.0
153,797
120, 281
3,370
11, 343
18, 804
158,764
124, 183
3,451
11, 769
19, 361
163,957
128, 145
3,465
12, 205
20, 142
169,107
131, 857
3,545
12, 576
21, 129
172,264
134, 800
3,699
12, 350
21, 414
174,427
136, 393
3,788
12, 572
21, 674
178,946
139, 819
3,907
12, 970
22, 250
184,914
144, 482
4,055
13, 455
22, 922
3.3
3.3
3.8
3.7
3.0
1,957
4,592
2,323
5,067
3,103
5,475
33.6 r 5,923 6,890 8,815
8.1 ' 5,548 6,038 6,426
27.9
6.4
2,100
4,849
2,214
4,983
2,384
5,150
2,592
5,286
2,844
5,362
3,018
5,430
3,178
5,482
3,372
5,625
6.1
2.6
1.8
1.7
2.8
New England
Connecticut
Maine
. .
Massachusetts
New Hampshire.
Rhode Island
Vermont
Mideast
Delaware.District of
Columbia .
Maryland
New Jersey
New York
Pennsylvania
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
Plains
Iowa
Kansas..
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
Far West.
California.. .
Nevada
...
Oregon
Washington _ .
Alaska
Hawaii.
5,700
6,452
4,592
5,757
4,953
5,341
4,535
By Census Regions
Addenda:
New England
Middle AtlanticEast North
Central.
West North
Central.
South Atlantic...
East South
Central.
West South
Central.
Mountain
Pacific
63, 363
203, 782
216, 126
69, 258
221, 788
234, 157
74, 241
237, 614
251, 257
7.2
7.1
7.3
5,217 5,700 6,086
5,449 5,950 6,377
5,294 5,730 6,131
6.8
7.2
7.0
66, 865
213, 756
224, 938
68, 521
219, 690
230, 775
70,178
224, 847
239, 494
71, 466
228, 858
241, 425
72, 148
230, 785
241, 066
73, 179
234, 869
246, 275
75, 159
240, 329
255, 224
76, 478
244, 473
262, 465
84, 452
87, 738
95,376
8.7
5,077 5,260 5,715
8.7
84, 518
88, 030
89, 685
88, 720
91, 360
93, 428
97, 391
99, 326
2.0
154,573
52, 419
170, 818
57, 614
182, 207
61, 760
6.7
7.2
4,741 5,144 5,404
3,945 4,304 4,560
5.1
5.9
164, 833
55, 287
168, 853
57, 258
173, 411
58, 842
176, 176
59, 069
176, 211
59, 519
178, 629
60, 532
184, 251
62, 612
189, 737
64, 378
3.0
2.8
88, 070
97, 330
106, 669
9.6
4,343 4,728 5,115
8.2
93, 760
95, 528
98, 837
101, 198
103, 036
104,756
107, 862
111, 021
2.9
43, 067
148, 227
47, 679
165, 339
51, 834
182, 353
8.7
10.3
4,681 5,067 5,375
5,398 5,942 6,462
6.1
8.8
46, 058
157, 376
46, 768
162, 510
48, 403
168, 026
49, 484
173, 440
49, 867
176, 770
50, 617
179, 088
52, 516
183, 699
54, 337
189, 856
3.5
3.4
'Revised.
^Preliminary.
NOTE.—Detail may not add to totals because of rounding. Quarterly totals for the State
personal income series will not agree with the personal income measure carried in the national
income and product accounts.
34
STIEVEY OF CURRENT BUSINESS
April 1976
Table 2.—Percent Change in Selected Shares of Personal Income 1974-75
Labor and proprietors' income of persons engaged in production 1
State and region
United States
Total
personal
income
Total
Farm
Mining
Contract
WholeconManu- sale and
facturing
retail
struction
trade
Government
Finance, Transporintation,
surance, communicaand real
tion and
estate
public
utilities
Services
Other
Federal
civilian
Federal
military
State
and
local
7.95
4.98
-1.45
25.24
.86
6.79
8.22
4.16
10.09
9.12
8.46
2.26
10.35
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
7.20
6.44
5.43
7.52
6.55
9.60
8.79
3.04
2.17
1.10
3.22
2.98
6.46
6
-02
-22.70
-.22
-54. 42
-3.84
13.48
-20. 85
44.32
-4.74
-9.34
3.47
-18.37
-19. 57
12.33
17.95
-10.51
-15.93
-1.04
-7.23
-21. 16
-6.47
-20. 29
-1.81
-2.51
-.97
-2.76
-3.58
7.94
-2.23
5.67
3.96
5.56
6.13
7.33
7.56
5.46
6.79
7.52
7.53
5.99
9.41
7.60
5.02
3.55
2.34
4.16
3.57
2.37
8.98
2,80
8.62
8.69
12.81
7.63
14.70
6.34
13.17
6.66
7.65
5.83
6.67
5.30
4.53
10.18
6.46
12.56
11.97
1.50
13.57
7.26
14.37
-.82
5.68
7.75
-3.22
.42
-20. 37
14.80
10.92
11.26
11.36
11.05
8.40
11.15
9.21
Mideast
Delaware
District of Columbia
MarylandNew Jersey...
New York..
Pennsylvania
7.30
8.97
8.27
8.36
5.82
7.31
7.76
3.88
6.92
7.01
5.42
2.60
3.60
4.01
-.03
24.24
21.79
-20.05
-.43
-6.88
23.89
5.08
45.10
18.84
-10. 11
10.52
29. 48
-14.92
-14. 48
-3.74
-9.49
-20. 35
-20.65
-7.57
-.09
10.89
-6.74
-2.29
-.61
.13
-.25
5.19
4.18
3.37
8.02
5.86
3.97
6.10
9.19
4.91
6.05
7.09
6.28
10. 68
7.72
3.64
4.40
8.61
1.30
1.47
5.35
1.88
8.45
.68
9.38
12.21
8.13
7.28
10.09
9.17
6.67
13.40
8.48
6.37
9.53
9.60
7.21
10.52
8.45
8.27
4.39
4.69
8.37
-.06
7.38
2.27
-4.19
-2.50
1.01
4.46
8.60
14.06
8.98
13.34
10.91
6.35
10.14
Great Lakes
Illinois...
Indiana
Michigan
Ohio...
Wisconsin.. _
7.30
7.74
7.26
6.82
6.86
8.23
4.03
4.59
4.17
3.22
3.61
5.13
23.48
40.57
59.41
-21. 20
7.04
11.19
22.70
22.62
24.53
11.50
30.93
-1.79
-8.86
-4.02
-3.23
-20. 65
-6.55
-12.36
-1.14
-3.69
-2.81
1.28
-1. 17
1.38
7.11
6.61
6.50
6.89
7.88
7.94
8.81
9.91
7.45
7.11
9.00
9.02
1.88
2.06
1.14
3.45
1.14
1.18
10.45
10.45
9.20
9.80
10.60
12.81
8.93
8.40
8.89
9.06
8.96
9.84
5.60
-.57
6.91
17.10
4.37
9.15
2.39
4.90
-6.51
1.31
5.11
5.06
10.46
11.80
11.96
8.88
9.64
11.02
Plains..
Iowa
Kansas
.
Minnesota
Missouri..
Nebraska.. _
North Dakota
South Dakota
8.71
12.34
8.38
6.38
6.68
17.21
4.52
6.44
6.33
11.04
6.83
3.46
2.95
17.82
2.64
3.84
7.07
40.63
-.60
-15. 49
-31. 59
60.80
-13.24
-4.16
15.63
-10.39
21.69
21.12
8.16
4.54
40.08
9.66
(D)
4.60
-.63
1.76
-5.55
3.73
(D)
-10.96
2.13
-.15
7.68
.10
.55
11.14
27.39
6.22
7.48
9.64
8.89
7.49
4.44
9.55
12.19
8.07
8.30
8.30
8.37
8.69
6.43
10.91
14.23
9.59
3.93
2.42
3.62
1.25
5.16
7.45
7.03
4.70
(D)
11.27
11.44
9.98
9.27
12. 20
(D)
11.73
(D)
7.67
.92
11.42
7.49
6.92
(D)
7.24
9.37
5.90
6.58
13.24
8.38
11.52
10.05
14.04
1.85
4.08
.60
1.58
1.78
3.34
2.21
2.48
10.82
10.80
12.31
10. 93
9.51
12.59
12.21
7.80
Southeast
Alabama .
Arkansas..
Florida
Georgia .
Kentucky
Louisiana
Mississippi.
North Carolina. _
South Carolina
Tennessee
Virginia. _
West Virginia
6.69
9.24
7.11
5.30
5.52
6.31
8.44
7.26
5.73
6.14
6.22
7.63
10.86
3.09
6.51
2.90
.22
1.52
2.86
6.21
4.02
2.09
2.10
2.26
5.13
9.44
-13.23
15.93
-3.03
-2.79
-.29
-27.36
-33. 97
-42. 44
-.97
-19. 17
-45. 22
-14. 19
6.95
30.78
52.11
8.70
11.53
-4.34
38.05
21.67
19.94
-5.58
2.25
34.86
36.24
39.55
-12.17
2.27
-3.89
-27. 01
-20. 40
.82
1.33
-.44
-10.83
-14.22
-8.04
-11.17
5.59
-.88
.02
-4.08
-2.98
-.92
-6.18
5.88
10.81
-3.08
.29
-2.37
.72
1.16
4.65
7.70
8.60
.87
1.13
7.84
10.21
7.89
3.43
5.03
4.13
6.90
8.05
5.14
8.04
5.76
2.31
3.03
6.30
7.86
7.45
5.41
8.85
5.22
7.68
6.40
3.59
5.97
2.43
3.72
4.21
3.30
7.50
8.06
.81
1.59
2.17
4.27
-4.15
8.99
10.76
11.81
8.77
6.72
10.18
9.86
9.76
8.61
4.71
9.35
9.83
10.28
9.23
9.14
9.11
7.43
11.28
11.12
8.68
11.25
9.29
12.14
9.90
9.34
10.14
10.02
10.63
13.14
.21
8.29
8.79
18.14
16.39
16.31
15.37
14.12
9.06
10.46
3.84
4.30
4.02
1.24
5.20
-1.41
4.66
.36
4.77
4.42
2.19
6.23
7.41
10.11
9.90
9.37
9.27
7.81
13.44
9.48
7.75
12.87
9.49
12.02
10.27
8.74
Southwest
Arizona
New Mexico
Oklahoma
Texas...
9.81
7.21
10.71
9.05
10.39
7.90
3.41
9.04
6.44
8.92
-14.06
12.58
2.29
-35. 99
-14.40
23.98
4.38
21.34
27.59
27.64
-2.40
-23. 17
2.21
-3.65
2.31
7.34
-2.02
3.86
5.15
9.11
10.34
6.24
11.19
11.81
10.66
8.35
3.65
8.22
7.94
9.32
6.25
8.14
6.60
6.35
5.94
12.39
8.38
11.41
12.44
13.24
9.16
8.68
11.39
9.77
8.98
7.28
13.35
8.57
5.19
6.46
2.08
4.39
2.69
4.45
1.21
10.87
9.52
10.57
12.03
10.98
Rocky Mountain. _
Colorado
Idaho .
Montana.
Utah__
Wyoming
8.61
7.49
3.93
11.56
10.85
14.47
6.70
5.28
.90
10.33
9.30
15.10
-12.29
-2.48
-36. 12
13.38
-20.23
-32.08
25.42
41.63
7.40
5.65
8.41
34.77
-6.11
-20. 67
10.88
-4.00
-.35
28.07
6.46
5.76
8.29
1.59
8.22
10.23
9.33
6.64
12.02
11.55
11.68
14.59
9.37
7.71
13.30
9.95
11.86
11.25
7.27
7.10
5.28
5.23
9.30
9.42
13.65
14.43
16.86
13.48
9.91
11.62
7.64
9.69
8.29
3.11
6.66
5.28
12.64
4.87
13.55
25.63
17.55
19.07
-4.26
-6.94
3.52
-.55
-3.65
4.76
11.51
9.35
10.40
16.15
11.82
17.87
Far West
.California _
Nevada
Oregon _ _
Washington
10.06
10.12
11.70
7.21
11.11
7.96
8.25
10.38
3.31
8.56
-8.02
-6.63
44.03
-30. 16
-4.43
14.35
15.64
18.37
-13. 88
8.73
(D)
-1.13
(D)
-9.97
7.14
7.57
8.44
8.48
1.06
6.57
8.77
8.37
11.04
8.46
11.21
9.60
9.70
5.55
8.21
10.39
5.79
6.11
10.82
.33
6.39
(D)
11.90
(D)
11.46
12.79
(D)
11.93
(D)
9.93
8.65
10.54
9.43
13.82
10.64
15.86
2.39
1.92
7.35
-1.79
4.64
12.05
12.39
13.71
10.91
10.25
Alaska. ..
Hawaii
33.60
8.06
52.38
6.03
CO
-1.83
79.09
-63. 69
154. 58
2.21
2.61
9.57
35.03
7.53
27.22
9.84
58.71
8.74
73.50
.14
4.31
8.71
19.30
1.62
1.80
6.38
11.45
16.35
3.55
3.64
1.88
3.93
2.91
4.31
6.04
7.65
7.11
8.62
8.14
10.45
D
( )
8.85
9.97
12.47
(D)
12.28
6.66
8.82
8.93
(D)
9.33
10.22
9.04
(D)
10.78
6.46
5.91
5.60
9.37
8.41
12.07
8.07
12.21
10.24
-.82
.84
2.39
1.85
3.58
1.15
2.20
-.56
2.72
10.92
8.03
10.46
10.82
10.39
11.08
10.71
11.07
12.12
...
-7.32
By Census Regions
Addenda:
New England
Middle Atlantic..
East North Central
West North Central
South Atlantic-East South Central
West South Central
Mountain. _
Pacific
7.20
7.14
7.30
8.71
6.76
7.20
9.59
8.72
10.29
3.04
3.53
4.03
6.33
3.19
3.78
7.62
6.46
8.65
-22. 70
-5.68
23.48
7.07
-2.29
-27. 12
-18.83
-6.70
-8.31
-4.74
24.09
22.70
15.63
31.13
38.47
25.87
18.83
21.14
-10.51
-16.16
-8.86
(D)
-16.38
-1.87
1.06
(D)
7.77
D Deleted to avoid disclosure of data pertaining to an individual establishment.
1. Consists of wage and salary disbursements, other labor income, and proprietors' income.
-1.81
-.17
-1.14
2.13
-.96
-.86
6.68
4.20
7.56
5.67
4.94
7.11
7.48
3.72
6.44
10.57
8.92
9.00
6.79
9.48
8.81
8.30
4.79
6.50
8.69
7.50
9.86
2. Base data less than $500,000.
SURVEY OF CUERENT BUSINESS
April 1976
35
Table 3.—Total and Per Capita Disposable Personal Income by States and Regions
Per capita
Total
Avg. annual growth
(Percent)
Millions of dollars
State and region
United States
..
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island .
Vermont,
1959
1969
1973
335, 938
636,599
903, 320
1974 '
1975 P
980,896 1,074,237
1959-69 1969-73 1974-75
6.6
9.1
9.5
Avg. annual growth
(Percent)
Dollars
1959
1969
1973
1974 r
1975 P
1,906
3,162
4,305
4,640
5,041
5.2
8.0
8.6
5.1
5.1
5.1
5.1
5.0
5.4
5.9
7.1
6.7
8.1
7.2
7.2
6.6
7.0
8.8
8.6
5.0
9.0
6.9
13.1
10.3
1959-69 1969-73 1974-75
_
21,403
5,976
1,559
10, 535
1,101
1,631
601
39, 760
11, 639
2,659
19, 079
2,188
2,994
1,200
54,057
15, 505
3,805
25, 889
3,168
4,010
1,680
58,707
16, 932
4,234
28, 014
3,462
4,247
1,818
64, 101
18, 425
4,498
30, 673
3,747
4,750
2,009
6.4
6.9
5.5
6.1
7.1
6.3
7.2
8.0
7.4
9.4
7.9
9.7
7.6
8.8
9.2
8.8
6.2
9.5
8.2
11.8
10.5
2,051
2,369
1,629
2,059
1,848
1,903
1,553
3,388
3,880
2,680
3,377
3,022
3,212
2,747
4,451
5,034
3,662
4,464
3,990
4,146
3,606
4,832
5,482
4,045
4,830
4,286
4,532
3,866
5,255
5,953
4,247
5,263
4,580
5,124
4,265
_. _.
82,646
991
1,859
6,026
14,086
37, 742
21, 942
147, 802
1,911
3,018
12, 629
26, 644
66, 294
37, 307
198, 118
2,769
4,011
18,409
'36,348
' 86, 293
50, 288
214, 190
2,886
4,325
20, 049
39, 385
92, 658
54,888
233,444
3,183
4,747
22,032
42, 352
100, 889
60, 241
6.0
6.8
5.0
7.7
6.6
5.8
5.5
7.6
9.7
7.4
9.9
'8.1
'6.8
7.8
9.0
10.3
9.8
9.9
7.5
8.9
9.8
2,163
2,247
2,443
1,965
2,342
2,262
1,953
3,510
4,631
4,832
3,539
5, 464
3,961
3,265
4,519
3,755 •• 4, 962
3,662 ' 4, 738
4,239
3,178
5,020
5,039
5,985
4,897
5,373
5,116
4,638
5,473
5,497
6,630
5,376
5,789
5,568
5,094
5.0
4.6
5.0
5.2
4.8
4.9
5.0
7.2
8.1
8.4
8.5
7.2
6.7
7.5
9.0
9.1
10.8
9.8
7.7
8.8
9.8
Great Lakes
Illinois. __
Indiana
Michigan
Ohio..
Wisconsin
73, 853
22, 676
8,660
15, 697
19, 447
7,394
133,893
40,002
16, 110
30,316
34, 560
12, 905
184,428
54, 621
22, 513
42, 289
46, 561
18, 444
198, 077
59, 044
23, 434
45,003
50, 460
20, 135
216,435
64, 793
25,709
48, 990
54, 800
22, 142
6.1
5.8
6.4
6.8
5.9
5.8
8.3
8.1
8.7
8.7
7.7
9.3
9.3
9.7
9.7
8.9
8.6
10.0
2,056
2,271
1,877
2,021
2,011
1,895
3,355
3,624
3,132
3,452
3,272
2,948
4,518
4,887
4,245
4,667
4,334
4,063
4,847
5,305
4,397
4,946
4,700
4,410
5,282
5,814
4,841
5,350
5,093
4,806
5.0
4.8
5.3
5.5
5.0
4.5
7.7
7.8
7.9
7.8
7.3
8.4
9.0
9.6
10.1
8.2
8.4
9.0
Plains
Iowa
Kansas .
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
26,748
4,734
4,035
5,874
7,857
2,492
860
896
48,633
8,506
6,888
11,351
13, 954
4,542
1,622
1,770
73, 302
13, 237
10, 266
17, 067
19, 595
6,818
3,269
3,052
75,001
12, 864
10, 711
17, 909
20, 624
6,909
3,126
2,857
82,608
14, 687
11, 744
19, 267
22, 314
8,284
3,246
3,065
6.2
6.0
5.5
6.8
5.9
6.2
6.6
7.0
10.8
11.7
10.5
10.7
8.9
10.7
19.1
14.6
10.1
14.2
9.6
7.6
8.2
19.9
3.8
7.3
1,760
1,735
1,868
1,745
1,845
1,784
1,391
1,344
3,002
3,032
3,080
3,020
3,007
3,081
2,613
2,650
4,407
4,623
4,534
4,387
4,110
4,447
5,147
4,476
4,496
4,507
4,718
4,572
4,317
4,479
4,905
4,187
4,950
5,117
5,180
4,908
4,685
5,359
5,112
4,488
5.5
5.7
5.1
5.6
5.0
5.6
6.5
7.0
10.1
11.1
10.1
9.8
8.1
9.6
18.5
14.0
10.1
13.5
9.8
7.3
8.5
19.6
4.2
7.2
54,776
4,301
2,237
8,240
5,615
4,195
4,778
2,400
6,177
2,887
4,977
6,314
2,654
112,665
8,089
4,416
19, 564
12, 209
7,922
9,154
4,742
13, 081
6,170
9,905
13, 269
4,142
172,355
11, 908
6,962
33, 593
18, 189
11, 571
12, 937
7,256
19, 589
9,214
14, 936
20, 009
6,192
189,840
12, 990
7,592
37, 614
19, 769
12, 860
14, 508
7,767
21, 276
10, 285
16, 359
22, 055
6,765
205,324
14, 353
8,215
40, 286
21, 213
13, 791
15, 859
8,368
22, 859
11,075
17, 634
24, 082
7,590
7.5
6.5
7.0
9.0
8.1
6.6
6.7
7.0
7.8
7.9
7.1
7.7
4.6
11.2
10.2
12.1
14.5
10.5
9.9
9.0
11.2
10.6
10.5
10.8
10.8
10.6
8.2
10.5
8.2
7.1
7.3
7.2
9.3
7.7
7.4
7.7
7.8
9.2
12.2
1,437
1,342
1,274
1,714
1,452
1,399
1,490
1,123
1,385
1,230
1,413
1,598
1,431
2,594
2,351
2,308
2,946
2,683
2,477
2,529
2,136
2,6CO
2,401
2,542
2,876
2,373
3,724
3,358
3,421
4,337
3,775
3,477
3,454
3,132
3,695
3,382
3,647
4,131
3,463
4,037
3,632
3,683
4,649
4,050
3,831
3,855
3,342
3,967
3,694
3,962
4,494
3,778
4,298
3,972
3,882
4,821
4,306
4,061
4,183
3,567
4,194
3,930
4,211
4,848
4,210
6.1
5.8
6.1
5.6
6.3
5.9
5.4
6.6
6.5
6.9
6.0
6.1
5.2
9.5
9.3
10.3
10.2
8.9
8.8
8.1
10.0
9.2
8.9
9.4
9.5
9.9
6.5
9.4
5.4
3.7
6.3
6.0
8.5
6.7
5.7
6.4
6.3
7.9
11.4
23,462
2,162
1,530
3,732
16, 039
46,080
4,947
2,472
6,834
31, 827
69,237
8,561
3,685
9,903
47, 088
76, 139
9,527
4,003
10, 761
51, 848
84,582
10, 375
4,485
11, 822
57, 900
7.0
8.6
4.9
6.2
7.1
10.7
14.7
10.5
9.7
10.3
11.1
8.9
12.0
9.9
11.7
1,691
1,714
1,665
1,630
1,705
2,822
2,848
2,445
2,696
2,882
3,919
4,130
3,353
3,710
3,981
4,222
4,426
3,568
3,972
4,303
4,617
4,665
3,910
4,359
4,732
5.3
5.2
3.9
5.2
5.4
8.6
9.7
8.2
8.3
8.4
9.4
5.4
9.6
9.7
10.0
7,655
3,268
1,091
1,181
1,491
624
13,823
6,459
1,891
1,880
2,649
944
22,033
10, 636
2,942
2,948
4,096
1,411
24,285
11, 647
3,450
3,083
4,506
1,600
26,661
12,708
3,564
3,491
5,047
1,850
6.1
7.1
5.7
4.8
5.9
4.2
12.4
13.3
11.7
11.9
11.5
10.6
9.8
9.1
3.3
13.2
12.0
15.6
1,811
1,911
1,661
1,765
1,713
1,950
2,796
2,982
2,675
2,708
2,530
2,870
4,023
4,310
3,792
4,038
3,562
3,997
4,366
4,666
4,320
4,195
3,840
4,452
4,692
5,015
4,346
4,667
4,185
4,947
4.4
4.6
4.9
4.4
4.0
3.9
9.5
9.6
9.1
10.5
8.9
8.6
7.5
7.5
.6
11.3
9.0
11.1
45,394
35, 681
656
3,268
5,789
90, 365
71, 211
1,667
6,078
11, 410
124,359
97, 421
2,643
9,086
15, 209
138,573
108, 372
2,902
10, 136
17, 163
153,915
120, 334
3,289
10, 969
19, 324
7.1
7.2
9.8
6.4
7.0
8.3
8.1
12.2
10.6
7.4
11.1
11.0
13.3
8.2
12.6
2,235
2,307
2,352
1,872
2,052
3,530
3,613
3,472
2,947
3,413
4,631
4,717
4,797
4,095
4,433
5,090
5,183
5,062
4,473
4,938
5,575
5,680
5,556
4,794
5,452
4.7
4.6
4.0
4.6
5.2
7.0
6.9
8.4
8.6
6.8
9.5
9.6
9.8
7.2
10.4
1,035
2,543
1,639
3,792
1,947
4,138
2,618
4,550
12.2
10.5
34.5
10.0
3,498
3,423
4,967
4,574
5,775
4,931
7,437
5,341
9.2
7.5
28.8
8.3
3,388
3,526
3,355
3,002
2,836
2,404
2,733
2,804
3,528
4,451
3,624
4,518
4,407
4,048
3,438
3,792
4,013
4,630
4,832
5,015
4,847
4,496
4,367
3,733
4,115
4,327
5,094
5,255
5,461
5,282
4,950
4,659
3,998
4,497
4,646
5,591
7.1
7.0
7.7
10.1
9.3
9.4
8.5
9.4
7.0
8.8
8.9
9.0
10.1
6.7
7.1
9.3
7.4
9.8
Mideast.
Delaware
District of Columbia
Maryland
New Jersey
New York. .
Pennsylvania
.
..
... ...
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky .
Louisiana
Mississippi
North Carolina. .
South Carolina..
Tennessee
Virginia .
....
West Virginia
Southwest
Arizona _
New Mexico
Oklahoma . ...
Texas
Rocky Mountain
Colorado
Idaho
Montana - ..
Utah
Wyoming
.. .
.
...
..
.
.
Far West
California
Nevada
Oregon
Washington .
Alaska
Hawaii
By Census Regions
Addenda:
New England .. ...
Middle Atlantic
East North Central _.
West North Central
South Atlantic
East South Central
West South Central .
Mountain
Pacific
' Revised.
... . .
Preliminary.
.
.
21, 403
73, 770
73, 853
26, 748
40, 763
15, 873
26, 786
12,003
44, 738
39, 760
130, 245
133, 893
48, 633
85, 994
30, 659
52, 230
22, 909
92, 277
54,057
172, 930
184, 428
73, 302
131, 973
45, 672
76, 890
36, 922
127, 147
58, 707
186, 931
198, 077
75, 001
145, 023
49, 976
84, 709
40, 717
141, 756
64, 101
203, 482
216, 435
82, 608
157, 067
54, 146
93, 795
44, 809
157, 794
6.4
5.8
6.1
6.2
7.8
6.8
6.9
6.7
7.5
8.0
7.3
8.3
10.8
11.3
10.5
10.2
12.7
8.3
9.2
8.9
9.3
10.1
8.3
8.3
10.7
10.0
11.3
2,051
2,174
2,056
1,760
1,595
1,338
1,608
1,795
2,233
5.1
5.0
5.0
5.5
5.9
6.0
5.4
4.6
4.7
NOTE.—Detail may not add to totals because of rounding. Alaska and Hawaii included
1960 to date.
Tables 4-17.—Preliminary Quarterly and Annual
[Millions
Line
Table 6.— Connecticut
Table 5.— New England
Table 4.— United States
Item
I
II
III
IV
Annual
I
II
III
IV
Annual
I
II
III
IV
Annual
914,219
921,532
952,048
976,598
941,099
51,695
51,696
53,126
54,008
52,631
14,891
14,682
14,864
15,126
14,891
Wage and salary disbursements.
Other labor income .
Proprietors' income
Farm.
Nonfarm
773, 233
55, 581
85, 405
23, 764
61, 641
779, 851
56, 776
84, 905
22, 876
62, 029
799, 521
58, 318
94, 209
31, 424
62, 785
822, 711
60, 026
93, 861
30, 336
63, 525
793, 829
57, 675
89, 595
27, 100
62, 495
44, 746
3,147
3,802
281
3,521
44, 767
3,157
3,773
195
3,578
45, 967
3,230
3,929
309
3,620
46, 789
3,285
3,934
327
3,608
45, 567
3,204
3,860
278
3,581
12, 822
949
1,120
72
1,048
12, 656
942
1,084
33
1,051
12, 804
942
1,118
56
1,062
13, 041
968
1,117
52
1,066
12, 831
950
1,110
53
1,057
By industry
Farm
Nonfarm
Private
Manufacturing. _ .
Durables
N on durables
29, 252
884, 967
747, 793
235, 063
150, 059
85, 004
28, 264
893, 268
751, 784
236, 174
149, 480
86,695
36, 860
915, 188
779, 510
244, 166
153, 445
90, 721
35, 853
940, 745
799, 363
252, 957
158, 672
94, 285
32, 557
908, 542
769, 612
242, 090
152, 914
89, 176
401
51, 294
43, 455
15, 720
10, 751
4,969
313
51, 383
43, 269
15, 266
10, 318
4,948
428
52, 698
44, 565
15, 843
10, 521
5,322
448
53, 560
45, 384
16, 230
10, 731
5,500
398
52, 233
44, 168
15, 765
10, 580
5,185
113
14, 778
12, 854
5,387
4,245
1,142
73
14, 609
12, 624
5,212
4,077
1,135
97
14, 767
12, 735
5,191
4,015
1,176
93
15, 033
13,067
5,380
4,162
1,218
94
14, 797
12, 820
5,292
4,124
1,168
11, 532
52, 583
154, 120
49, 477
66, 025
11, 863
50, 982
155, 848
50, 193
66, 045
12, 407
51, 646
159, 191
50, 836
67, 905
13, 056
51, 787
162, 903
52, 322
69, 821
12, 214
51, 749
158, 015
50, 707
67, 449
37
2,724
8,458
3,312
3,078
43
2,855
8,588
3,292
3,093
41
2,867
8,776
3,316
3,120
45
2,529
8,944
3,458
3,214
42
2,744
8,692
3,345
3,126
12
777
2,209
1,096
739
13
728
2,227
1,072
749
13
721
2,260
1,080
755
14
672
2,307
1,129
780
13
724
2,251
1,094
756
146, 774
2,969
149, 390
3,025
153, 376
3,125
157, 466
3,199
151, 751
3,079
9,523
201
9,615
204
9,963
210
10, 300
215
9,850
208
2,469
52
2,497
52
2,563
54
2,637
55
2,542
53
166, 426
40, 100
20, 539
105, 788
169, 748
40, 505
20, 446
108, 797
172, 538
41, 089
20, 388
111,061
177, 235
42, 778
21, 148
113, 309
171, 487
41, 118
20, 630
109, 739
8,240
1,595
696
5,949
8,427
1,579
695
6,153
8,561
1,640
691
6,231
8,624
1,668
714
6,242
8,463
1,620
699
6,144
2,037
322
182
1,534
2,058
304
186
1,568
2,129
324
182
3,624
2,059
314
185
1,560
2,071
316
184
1,572
Total labor and proprietors' income by place
of work.
Less: Personal contributions for social insurance by place of work.
Net labor and proprietors' income by place
of work.
Plus: Residence adjustment
914, 219
921, 532
952, 048
976, 598
941,099
51, 695
51, 696
53, 126
54, 008
52, 631
14, 891
14, 682
14, 864
15, 126
14, 891
49, 227
49, 461
50, 356
51, 582
50, 157
2,757
2,742
2,796
2,864
2,790
824
809
808
827
817
864, 992
872, 071
901, 692
925, 017
890, 943
48, 938
48,954
50, 330
51, 144
49, 841
14, 067
13, 873
14, 056
14, 299
14, 074
970
990
1,009
1,015
996
794
818
841
841
824
864, 992
872, 071
901, 692
925,017
890,943
49, 908
49, 945
51, 338
52, 158
50, 837
14, 861
14,691
14, 898
15, 140
14, 897
29
30
Net labor and proprietors' income by place of
residence.
Plus: Dividends, interest, and rent _ ..
Plus: Transfer payments
. ...
171,996
163, 776
173, 718
175, 584
178, 687
178, 664
185, 495
181, 560
177, 474
174, 896
11, 735
10, 506
11, 870
11, 365
12, 215
11,606
12, 652
11, 667
12, 118
11, 286
3,568
2,422
3,608
2,633
3,712
2,719
3,843
2,755
3,682
2,632
31
Personal income by place of residence
, 200, 764 1,221,373 1, 259, 043 1, 292, 072 1, 243, 313 72, 148
73, 179
75, 159
76, 478
74, 241
20, 851
20, 931
21, 328
21, 738
21, 212
Income by place of work
1
Total labor and proprietors' income 1
By type
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Mining _
Contract construction
Wholesale and retail trade . .
Finance, insurance, and real estate
Transportation, communication, and
public utilities.
Services
Other industries _
Government
Federal, civilian
Federal, military
State and local
.
.
Derivation of personal income by place
of residence
24
25
26
27
28
Line
Table 11.— Vermont
Item
Table 13. — Delaware
Table 12.— Mideast
I
II
III
IV
Annual
1,664 200,532 202,458 207,011 210,220 205,055
3,004
3,045
3,184
3,300
3,133
1,441
99
211
87
124
1,376 175, 133 176, 947 180, 706 183, 468 179, 064
96 11,774 11, 987 12, 247 12, 448 12,114
192 13, 625 13,523 14, 058 14, 304 13, 877
1,276
1,049
953
795
1,170
70
122 12, 672 12, 727 12, 888 13, 028 12, 829
2,527
233
244
102
142
2,578240
228
87
142
2,651
253
279
136
143
2,733
263
304
159
145
2,622
247
264
121
143
88
1,588
1,371
427
314
114
98
1,653
1,434
457
337
120
1,672
82
1,347
1,182
1,440
1,560
1,582 199, 185 201, 276 205, 451 208, 548 203, 615
1,364 162, 465 163, 388 167, 518 170, 383 165, 938
438 51, 801 51, 794 52, 959 54, 012 52, 642
325 30, 828 30, 600 30, 978 31, 630 31,009
113 20, 974 21, 194 21, 982 22, 382 21, 633
110
2,894
2,536
1,150
94
2,951
2,562
1,205
(D)
(D)
144
3,040
2,725
1,303
167
3,133
2,831
1,363
129
3,004
2,663
1,255
(D)
(D)
(D)
(D)
(D)
(D)
11
79
255
71
106
10
79
259
75
111
11
81
264
78
111
10
80
258
74
109
1,030
9,832
32, 505
13, 487
15, 343
1,023
9,212
32, 959
13, 829
15, 298
1,171
9,295
33, 711
14, 038
15, 788
1,168
9,161
34, 232
14, 341
16, 183
1,098
9,375
33, 352
13, 924
15, 653
4
183
411
128
151
5
168
410
129
150
5
168
410
131
158
5
171
414
127
161
5
172
411
129
155
286
4
304
4
317
4
329
4
309
4
36, 579
540
37, 539
552
38, 424
572
39, 027
587
37, 892
563
392
8
394
8
398
8
414
8
399
8
286
56
15
215
292
58
15
218
305
60
15
230
317
62
16
239
300
59
16
226
38, 067
10, 903
2,159
25,005
39, 070
11, 086
2,129
25, 855
39, 493
11, 220
2,145
26, 127
39, 837
11, 682
2,220
25, 935
39, 117
11, 223
2,163
25, 731
468
75
71
322
483
77
71
335
459
77
70
312
469
80
73
316
470
77
71
321
Total labor and proprietors' income by place
of work.
Less: Personal contributions for social insurance by place of work.
Net labor and proprietors' income by place
of work.
Plus: Residence adjustment
1,614
1,613
1,676
1,751
1,664 200, 532 202, 458 207, Oil 210, 220 205, 055
3,004
3,045
3,184
3,300
3,133
97
97
98
101
11, 078
152
155
160
164
158
1,517
1,516
1,578
1,650
1,566 189, 643 191, 515 195, 906 198, 844 193, 977
2,852
2,890
3,024
3,136
2,975
-22
-21
-21
-23
-22 -2, 701 -2, 758 -2, 820 -2, 860 -2, 785
-90
-96
-105
-111
-100
1,495
1,495
1,557
1,628
1,544 186, 942 188, 756 193, 086 195, 984 191, 192
2,762
2,795
2,919
3,025
2,875
29
30
Net labor and proprietors' income by place
of residence.
Plus: Dividends, interest, and rent
Plus: Transfer payments
_.
363
372
368
402
378
414
391
415
41, 634
40, 652
609
409
616
449
633
430
651
451
627
435
31
Personal income by place of residence. .. .
2,230
2,265
2,350
2,434
2,320 265, 365 270, 165 276, 628 281, 752 273, 478
3,780
3,859
3,981
4,127
3,937
I
II
III
IV
1,614
1,613
1,676
1,751
Wage and salary disbursements
Other labor income. _
Proprietors ' income
Farm
_
Nonfarm
1,338
93
182
62
121
1,343
94
176
55
121
1,382
95
199
77
122
By industry
Farm
Nonfarm
Private
M anuf acturing
Durables
Nondurables
73
1,541
1,328
442
333
109
66
1,547
1,321
424
317
108
9
83
252
72
106
Annual
I
II
III
IV
Annual
Income by place of work
1
Total labor and proprietors' income l
_
By type
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
M ining
Contract construction
Wholesale and retail trade
Finance, insurance, and real estate
Transportation, communication, and
public utilities.
Services
.
Other industries
Government
Federal, civilian
Federal, military
State and local. _. .
(D)
(D)
Derivation of personal income by place of
residence
24
25
26
27
28
98
375
401
10, 889
40, 309
38, 114
10, 943
40, 768
40, 641
11, 105
41, 956
41, 586
11, 376
43, 502
42, 266
Personal Income by Major Sources, 1975
of dollars]
Table?.—Maine
I
II
III
IV
Annual
Table lO.-Rhode Island
Table 9.—New Hampshire
Table 8.— Massachusetts
I
II
III
IV
Annual
I
II
III
IV
Annual
I
II
III
IV
Annual Line
3,478
3,489
3,664
3,760
3,598
25,160
25,377
26,113
26,448
25,775
2,775
2,799
2,930
3,039
2,886
3,776
3,736
3,878
3,883
3,818
1
2,915
189
374
77
297
2,937
191
361
59
301
3,052
200
412
105
307
3,130
203
427
117
310
3,009
196
393
90
304
21, 989
1,507
1,664
50
1,614
22, 163
1,523
1,691
30
1,661
22, 822
1,565
1,725
46
1,679
23, 164
1,584
1,700
44
1,656
22, 535
1,545
1,695
43
1,653
2,386
167
222
17
205
2,407
169
222
15
207
2,525
175
230
20
210
2,622
183
235
22
213
2,485
174
227
19
209
3,295
241
240
4
235
3,259
237
240
4
236
3,382
252
244
5
239
3,390
248
245
5
239
3,332
244
242
4
238
2
3
4
5
6
104
3,374
2,742
888
326
562
86
3,403
2,742
873
320
553
132
3,532
2,930
977
348
630
145
3,615
2,980
983
345
638
117
3,481
2,849
930
335
596
80
25, 080
21, 116
6,880
4,496
2,383
60
25, 317
21, 192
6,700
4,310
2,391
76
26, 037
21, 885
7,012
4,442
2,570
74
26, 374
22, 182
7,175
4,507
2,669
73
25, 702
21, 594
6,942
4,439
2,503
23
2,752
2,309
850
(D)
(D)
21
2,778
2,333
836
(D)
(D)
26
2,904
2,435
881
28
3,011
2,527
924
(D)
(D)
25
2,861
2,401
872
(D)
(D)
8
3,768
3,106
1,273
7
3,729
3,056
1,221
(D)
(D)
9
3,869
3,209
1,354
(D)
(D)
9
3,874
3,194
1,311
8
3,810
3,141
1,290
(D)
(D)
7
8
9
10
11
12
2
219
583
151
229
3
225
594
150
233
3
235
600
151
237
3
236
604
156
238
3
229
595
152
234
9
1,303
4,322
1,642
1,638
9
1,489
4,392
1,648
1,649
9
1,489
4,513
1,653
1,663
10
1,212
4,597
1,729
1,709
9
1,373
4,456
1,668
1,665
3
155
479
147
160
5
157
494
149
158
4
161
509
153
159
5
162
526
161
167
4
159
502
152
161
186
613
205
206
2
2
177
626
201
198
2
182
635
204
194
2
167
646
204
209
2
178
630
204
202
13
14
15
16
17
540
24
554
24
569
25
590
25
563
25
5,146
97
5,146
99
5,366
102
5,570
105
5,307
101
483
9
504
9
533
10
544
10
516
9
598
15
609
15
614
15
631
16
613
15
18
19
736
201
113
422
747
196
112
439
734
208
113
412
780
211
116
453
749
204
114
432
4,044
755
254
3,035
4,185
779
249
3,157
4,228
794
246
3,188
4,266
825
257
3,185
4,181
788
252
3,141
466
101
63
303
466
94
63
309
495
99
64
333
512
99
71
343
485
98
65
322
670
161
69
440
680
148
69
463
669
154
70
445
689
157
69
462
677
155
69
452
20
21
22
23
3,478
3,489
3,664
3,760
3,598
25, 160
25,377
26, 113
26,448
25, 775
2,775
2,799
2,930
3,039
2,886
3,776
3,736
3,878
3,883
3,818
24
188
189
198
203
194
1,242
1,243
1,273
1,304
1,266
163
165
170
174
168
244
239
249
255
247
25
3,290
3,300
3,466
3,557
3,404
23,918
24,134
24,840
25,144
24,509
2,612
2,634
2,760
2,865
2,718
3,532
3,497
3,629
3,628
3.571
26
-10
-8
-10
-8
-9
-166
-173
-181
-184
-176
258
255
262
263
259
116
119
117
126
119
27
3,280
3,292
3,457
3,550
3,395
23, 752
23, 961
24,659
24,960
24,333
2,870
2,889
3,022
3,128
2,977
3,648
3,616
3,746
3,753
3,691
28
747
851
766
912
778
915
803
928
771
901
5,604
5,387
5,670
5,827
5,836
5,932
6,050
5,941
5,790
5,772
660
568
667
605
687
620
711
620
681
603
792
906
801
986
824
1,006
855
1,007
818
976
29
30
4,878
4,960
5,150
5,281
5,067
34, 744
35,458
36,427
36,951
35,895
4,098
4,161
4,329
4,459
4,262
5,346
5,403
5,576
5,615
5,485
31
Table 14.— Dist. of Col.
I
II
III
IV
I
II
(i>)
(D)
(D)
III
IV
Annual
I
II
III
(D)
(D)
Table 17.— New York
Table 16.— New Jersey
Table 15.— Maryland
Annual
(D)
Line
IV
Annual
I
II
III
IV
Annual
8,258
8,531
8,727
8,953
8,617
17,566
17,687
18,188
18,609
18,013
32,994
33,066
34,018
34,642
33,680
87,955
89,166
90,586
91,107
89,703
1
7,794
288
177
8,054
299
178
8,241
305
181
8,458
313
183
8,137
301
180
177
178
181
183
'180
15,347
900
1,319
175
1,144
15,485
919
1,283
130
1,153
15,862
936
1,390
211
1,179
16,256
956
1,397
210
1,187
15,738
928
1,347
182
1,166
28,589
2,056
2,349
64
2,285
28,688
2,065
2,314
47
2,267
29, 531
2,115
2,372
69
2,302
30,085
2,160
2,397
70
2,327
29, 223
2,099
2,358
63
2,295
77, 424
4,896
5,636
302
5,334
78,507
5,022
5,637
266
5,371
79, 710 80,064
5,151
5,093
5,782
5,892
421
369
5,471
5,413
78, 926
5,040
5,737
339
5,397
2
3
4
5
6
8,258
3,787
246
27
219
8,531
3,820
243
29
213
8,727
3,957
231
27
205
8,953
3,978
201
23
178
8,617
3,885
230
26
204
217
17, 349
12,690
3,011
(D)
(D)
171
17, 516
12, 784
2,990
(D)
(D)
253
17,935
13, 193
3,050
(D)
(D)
253
18, 356
13, 457
3,096
(D)
(°)
223
17, 790
13, 032
3,037
(D)
(D)
109
32, 885
27, 910
10,202
5,161
5,041
91
32, 975
27, 649
10, 123
5,045
5,078
114
33, 904
28,233
10, 424
5,133
5,291
116
34, 526
28,864
10, 703
5,268
5,435
107
33,573
28,164
10, 363
5,152
5,211
449
87,506
72,067
19,862
11,606
8,256
411
88,755
73, 116
20,142
11,717
8,425
515
90,071
74,530
20,350
11, 732
8,618
569
90,538
75,317
20,668
12,031
8,637
486
89,217
73,757
20, 255
11,771
8,484
7
8
9
10
11
12
1
330
634
360
477
1
303
633
364
493
1
331
651
363
509
2
327
660
372
532
1
323
645
365
503
27
1,218
3,084
882
1,037
26
1,196
3,117
875
1,053
26
1,311
3,187
901
1,073
26
1,267
3,305
917
1,129
26
1,248
3,173
894
1,073
40
1,716
5,785
1,662
2,621
39
1,446
5,830
1,665
2,590
37
1,510
5,950
1,703
2,675
37
1,493
6,015
1,743
2,732
38
1,541
5,895
1,693
2,654
159
3,533
14, 609
8,070
7,396
176
3,313
14, 889
8,391
7,340
171
3,109
15, 299
8,498
7,591
177
3,015
15, 409
8,721
7,743
171
3,243
15, 051
8,420
7,518
13
14
15
16
17
1,688
50
1,731
52
1,816
54
1,829
56
1,766
53
3, 157
57
3,297
59
3,333
61
3,403
62
3,298
60
5,678
97
5,767
98
5,718
101
5,922
103
5,771
100
17, 767
222
18, 226
228
18, 762
236
18, 771
242
18,382
232
18
19
4,471
3,471
316
683
4,711
3,680
309
723
4,770
3,703
310
757
4,975
3,944
319
712
4,732
3,699
313
719
4,876
2,041
550
2,285
4,903
2,081
526
2,296
4,995
2,041
527
2,426
5,152
2,187
538
2,427
4,981
2,087
536
2,359
5,084
1,003
348
3,732
5,417
1,026
353
4,038
5,785
1,031
375
4,378
5,778
1,095
389
4,295
5,516
1,039
366
4,111
15, 888 16,050
2,337
2,477
538
538
12,873 13, 176
16,056
2,463
531
13, 062
15, 790
2,372
559
12, 859
15, 946
2,412
542
12,992
20
21
22
23
8,258
8,531
8,727
8,953
8,617
17,566
17, 687
18, 188
18,609
18, 013
32,994
33,066
34,018
34,642
33,680
87, 955
89, 166
90,586
91, 107
89, 703
24
475
478
491
503
487
963
973
989
1,014
985
1,870
1,850
1,870
1,915
1,876
4,545
4,609
4,653
4,766
4,643
25
7,783
8,053
8,236
8,450
8,130
16, 603
16, 714
17, 199
17, 595
17, 028
31, 124
31, 216
32, 148
32, 727
31, 804
83,410
84, 557
85,933
86,341
85,060
26
-4, 552
-4, 641
-4, 714
-4,844
-4, 688
2,850
2,898
2,936
3,023
2,927
3,597
3,676
3,750
3,780
3,232
3,412
3,521
3,607
3,443
19, 453
19,612
20,135
20, 618
19, 955
34,721
34, 892
35, 898
36, 507
35,504
78, 983
80,038
81, 330
776
1,217
785
1,275
808
1,344
836
1,385
801
1,305
3,106
3,016
3,138
3,216
3,227
3,283
3,345
3,361
3,204
3,219
6,593
5,892
6,661
6,201
6,852
6,300
7,114
6,353
5,805
6,186
20, 167
17, 201
20, 416
18, 293
21, 021
18,668
5,224
5,472
5,674
5,828
5,549
25,576
25, 966
26,645
27, 324
26, 378
47, 206
47,754
49, 050
49, 974
3,701 -4, 427 -4,519 -4, 602 -4,618 -4, 542
27
81, 722
80,518
28
21,796
18, 962
20, 850
18, 281
29
30
48, 496 116, 351 118, 747 121, 019 122, 480 119, 649
31
Tables 18-31.—Preliminary Quarterly and
[Millions
Table 19.— Great Lakes
Table 18.— Pennsylvania
Item
Line
Annual
I
II
III
Table 20.— Illinois
jAnnual
IV
I
II
III
IV
Annual
55,944
56,400
58,337
59,426
57,527
44, 418 157, 144 159, 111 163, 573 168, 739 162, 142
3,499 14, 421 14, 911 15, 468 16, 007 15, 202
3,992 15, 541 15, 740 18,026 17,854 16, 790
4,382
5,374
4,287
6,563 6,262
344
3,648 11, 253 11,358 11,463 11,591 11, 416
47, 568
3,291
5,085
1,726
3,358
47, 762
3,327
5,311
1,903
3,409
48, 755
3,370
6,212
2,774
3,439
49, 739
3,434
6,252
2,785
3,467
48,456
3,356
5,715
2,297
3,418
5,946
4,862
4,947
7,133
6,840
495
51,413 182, 244 184,815 189, 934 195, 760 188, 188
44, 436 161, 133 163,305 170, 325 174, 900 167, 416
71, 297 74, 258 70, 441
17, 501 67, 754 68,453
11,858
(DD)
(DD)
(DD)
(D)
(D)
5,644
( )
( )
(D)
( )
(D)
1,856
54,088
48, 187
16, 964
(DD)
( )
2,030
54,370
48, 552
16, 597
(DD)
( )
2,902
55, 435
50, 265
16, 796
(DD)
( )
2,915
56, 511
51, 279
17,065
(DD)
( )
2,426
55, 101
49, 571
16, 855
(D)
(D)
1,300
9,343
31, 429
8,703
12, 562
445
2,968
9,876
3,154
4,272
427
3,124
9,945
3,266
4,318
486
3,053
10, 210
3,249
4,407
483
2,964
10, 484
3,410
4,570
460
3,027
10, 129
3,270
4,392
28, 270
404
27,303
389
8,542
111
8,732
113
9,046
117
9,268
120
8,897
115
27, 700
4,685
1,468
21,547
26, 718
4,567
1,432
20, 718
7,757
1,409
511
5,837
7,848
1,348
511
5,990
8,072
1,378
511
6,183
8,147
1,398
547
6,202
7,956
1,383
520
6,053
51,908 187, 106 189, 762 197,067 202, 600 194, 134
55, 944
56,400
58,337
59,426
57,527
9,822
2,794
2,799
2,826
2,894
2,828
48, 979 177, 525 180,081 187, 174 192,466 184,312
53, 150
53,601 55,511 56,532
54,699
I
II
III
IV
50,754
50,962
52,309
53,609
51,908 187, 106 189,762 197,067 202,600 194,134
43, 452
3,402
3,900
310
3,590
43,636
3,443
3,883
266
3,617
44,711
3,544
4,054
384
3,670
45,873
3,607
4,130
415
3,715
462
50,292
43, 473
17,330
11,871
5,459
415
50, 547
43, 457
17,093
11,645
5,448
534
51, 775
44, 881
17, 602
11,870
5,732
568
53,041
45, 937
17, 980
12,044
5,935
798
2,852
7,982
2,384
3,662
775
2,785
8,080
2,405
3,672
930
2,866
8,215
2,442
3,783
921
2,888
8,429
2,462
3,885
856
2,848
8,176
2,423
3,751
1,233
9,420
30, 446
8,446
12, 214
1,233
9,433
31,006
8,663
12, 320
1,355
9,267
31,813
8,714
12, 657
1,380
9,251
32, 450
8,988
13,059
7,897
106
8,123
108
8,397
112
8,689
115
8,277
110
26,380
376
26, 867
383
27, 695
395
7,281
1,835
336
5,110
7,505
1,886
332
5,287
7,428
1,905
332
5,192
7,672
2,005
342
5,326
7,472
1,908
335
5,229
25, 973
4,524
1,434
20,014
26,457
4,490
1,429
20,538
26, 742
4,571
1,398
20, 773
Total labor and proprietors' income by place of
work.
Less: Personal contributions for social insurance
by place of work.
50,754
50,962
52,309
53,609
2,884
2,878
2,942
3,013
Net labor and proprietors' income by place of
work.
Plus: Residence adjustment
47,870
48,084
49,367
50,596
-80
-76
-84
-91
47, 790
48,007
49, 283
29
30
Net labor and proprietors' income by place of
residence.
Plus : D ividends, interest, and rent
Plus'. Transfer payments
9,059
10,379
9,153
11, 208
31
Personal income by place of residence
67,228
68,368
Income by place of work
1 Total labor and proprietors' income 1.. . .
By type
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Wage and salary disbursements
Other labor income
Proprietors' income
Farm
Nonfarm
.
By industry
Farm
Nonfarm
Private.
M anuf acturi ng
Durables
Nondurables
Mining
Contract construction
Wholesale and retail trade
Finance, insurance, and real estate
Transportation, communication, and public
utilities.
Services
Other industries
Government.. . . .
Federal, civilian
Federal, military
State and local -
. ... .
Derivation of personal income by place of residence
24
25
26
27
28
2,929
9,581
424
9,893
10, 134
468
446
257
263
280
305
276
50, 505
48,896 177, 972 180,505 187,617 192, 934 184, 757
53,407
53,864
55, 792
56,836
54,975
9,415
11,562
9, 759
11,754
9,346
11, 226
34,314
32, 186
10,599
8,423
10,706
9,139
11,013
9,667
11,425
10,048
10,936
9,319
70,260
72,019
69,468 241,066 246,275 255,224 262,465 251,257
72,429
73,710
76,471
78,309
75,230
-83
447
33, 266
29,828
33,589
32, 181
443
34,545
33,063
35,857
33, 674
Table 27.— Kansas
Table 26— Iowa
Table 25.-Plains
Item
9,681
IV
Annual
9,963
10,087
9,745
7,125
513
1,865
1,018
848
7,269
523
2,171
1,306
865
7,546
543
1,998
1,119
879
7,263
522
1,960
1,100
859
1,042
8,385
7,752
1,963
1,258
704
1,099
8,404
7,784
1,943
1,243
700
1,388
8,575
8,259
1,961
1,265
695
1,203
8,884
8,319
2,074
1,337
737
1,183
8,562
8,028
1,985
1,276
709
34
707
2,115
547
753
123
528
1,639
422
759
134
504
1,639
425
745
133
544
1,691
435
772
138
571
1,761
422
793
132
537
1,682
426
767
1,562
52
1,477
51
1,242
35
1,261
35
1,300
36
1,323
36
1,281
35
1,611
256
55
1,300
1,715
271
56
1,388
1,641
257
55
1,328
1,675
318
342
1,015
1,719
330
336
1,053
1,704
331
334
1,040
1,768
351
354
1,062
1,717
332
342
1,042
13, 328
13, 311
12, 774
9,427
9,503
9,963
10, 087
9,745
655
657
673
660
429
426
435
445
434
I
II
III
IV
Annual
I
II
III
VI
Annual
70,374
71,333
74,710
75,965
73,095
12, 104
12,355
13,328
13,311
12,774
Wage and salary disbursements .
Other labor income
Proprietors' income.
Farm
Nonfann
.- . -
54,400
3,819
12, 156
6,927
5,229
54,768
3,887
12,677
7,414
5,264
55,590
3,950
15, 170
9,834
5,336
57,467
4,071
14,427
9,005
5,422
55,556
3,932
13.607
8,295
5,313
8,676
620
2,808
1,791
1,018
8,733
624
2,998
1,970
1,029
8,798
628
3,902
2,863
1,039
9,054
637
3,620
2,569
1,051
By industry
Farm
Nonfann
Private
Manufacturing
Durables
Nondurables ..- . -..
7,547
62, 827
59,008
15,547
10,447
64,263
63, 209
15, 720
9,627
66,338
64,068
16, 315
8,911
64,184
61, 501
15, 776
(D)
(D)
8,022
63,311
59, 722
15, 520
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
1,928
10, 176
10, 503
3,061
1,946
1,115
2,104
10,251
10, 719
2,984
1,878
1,106
2,999
10,329
11, 717
2,975
1,854
1,121
585
(D)
12, 677
3,390
5,507
612
(D)
12, 842
3,441
5,489
592
(D)
13,104
3,508
5,610
629
(D)
13, 365
3,451
5,855
604
(D)
12, 997
3,447
5,615
33
692
2,049
537
745
34
709
2,105
550
736
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
1,409
50
11,366 11,611
2,443 2,486
1,211 1,186
7,712
7,938
11, 501
2,491
1,190
7,819
11, 897
2,589
1,268
8,039
11, 594
2,503
1,214
7,877
70,374
74, 710
75, 965
Line
I
II
III
9,427
9,503
8,815
627
3,332
2,298
1,034
7,114
508
1,804
959
845
2,707
10,604
11, 596
3,042
1,890
1,152
2,434
10,340
11, 133
3,015
1,892
1,124
34
709
2,140
560
757
36
717
2,165
541
772
1,446
50
1,492
52
1,601
249
55
1,297
1,636
255
55
1,327
73, 095
12,104
12, 355
3,692
653
Income by place of work
1 Total labor and proprietors' income l
..
By type
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
_
Mining
Contract construction
Wholesale and retail trade
Finance, insurance, and real estate...
Transportation, communication, and public
utilities.
Services
...
Other industries.. . . .
Government
Federal, civilian . . . _
Federal, military
State and local
.
Derivation of personal income by place of residence
24
25
Total labor and proprietors' income by place of
work.
Less: Personal contributions for social insurance
by place of work.
3,643
3,650
3,693
3,783
26
27
Net labor and proprietors' income by place of work. 66, 731
Plus: Residence adjustment
—555
67,683
—564
71,017
—573
72, 182
—598
69,403
—573
11,451
104
11,700
105
12, 671
109
12,638
116
12, 114
108
8,998
489
9,077
505
9,528
516
9,642
536
9,311
512
28
66,177
67, 118
70,445
71,583
68, 831
11, 554
11, 805
12, 780
12, 753
12,223
9,487
9,582
10,044
10, 178
9,823
29
30
Net labor and proprietors' income by place of
residence.
Plus: Dividends, interest, and rent
Plus: Transfer payments
13,607
11, 576
13, 721
12,589
14, 106
12, 840
14, 677
13,066
14,028
12, 518
2,573
1,884
2, 592
2,066
2,665
2,108
2,777
2,167
2,652
2,056
1,975
1,559
1,989
1,679
2,043
1,710
2,126
1,748
2,033
1,674
31
Personal income by place of residence
91, 360
93, 428
97, 391
99, 326
95, 376
16, Oil
16, 463
17, 553
17, 698
16,931 13, 021
13, 250
13, 796
14, 053
13, 530
71, 333
Annual Income by Major Sources, 1975
of dollars]
Table 21.— Indiana
Table 24.— Wisconsin
Table 23.— Ohio
Table 22.— Michigan
Line
I
II
III
IV
Annual
I
II
III
IV
Annual
I
II
III
IV
Annual
I
II
III
IV
Annual
22,803
22,780
24,049
24,643
23,569
41,661
43, 167
45, 122
47, 199
44,287
47,933
48,568
49, 950
51,358
49,452
18,765
18,846
19,610
19,974
19, 299
1
18, 687
1,790
2,326
875
1,451
18,636
1,808
2,337
877
1,460
19,239
1,875
2,935
1,457
1,478
19,975
1,954
2,714
1,213
1,502
19, 134
1,857
2,578
1,106
1,472
34, 568
4,281
2,812
449
2,363
35, 748
4,645
2,773
404
2,370
37,240
4,936
2,945
559
2,386
39,015
5,188
2,996
580
2,417
36, 643
4,763
2,882
498
2,384
40, 666
3,779
3,488
633
2,855
41,229
3,849
3,490
604
2,885
42, 164
3,952
3,833
920
2,914
43, 528
4,088
3,742
796
2,946
41, 896
3,917
3,638
738
2,900
15, 656
1,279
1,830
604
1,226
15, 737
1,281
1,829
594
1,235
16, 175
1,335
2,100
854
1,246
16, 482
1,343
2,149
889
1,260
16,012
1,309
1,977
735
1,242
2
3
4
5
6
978
21, 825
19,875
9,044
7,124
1,920
978
21, 802
19, 858
8,979
6,962
2,017
1,559
22, 490
21,116
9,392
7,308
2,083
1,316
23, 327
21,632
9,894
7,760
2,133
1,208
22,361
20, 621
9,327
7,289
2,038
555
41,106
35,423
16, 558
13, 785
2,773
508
42, 659
36, 802
17,912
15,032
2,879
664
44, 458
38, 593
19, 222
16, 267
2,956
686
46, 513
40, 176
20, 477
17, 374
3,103
603
43, 684
37, 748
18, 542
15,614
2,928
743
47, 190
41, 655
18, 410
13, 549
4,861
712
47, 856
42, 100
18, 368
13,336
5,032
1,028
48, 922
43, 593
18, 928
13,835
5,093
906
50, 452
44, 763
19, 818
14, 423
5,395
847
48, 605
43,027
18, 881
13, 786
5,095
731
18,034
15,993
6,779
4,677
2,102
719
18, 127
15, 992
6,599
4,428
2,171
980
18,630
16, 758
6,959
4,696
2,263
1,017
18,957
17,051
7,004
4,694
2,310
862
18, 437
16, 449
6,835
4,624
2,212
7
8
9
10
11
12
120
1,282
3,422
959
1,422
121
1,256
3,472
971
1,427
132
1,275
3,562
980
1,465
136
1,321
3,632
991
1,519
12?
1,284
3,522
975
1,458
210
1,808
6,483
1,581
2,219
217
1,691
6,599
1,575
2,260
212
1,618
6,771
1,615
2,344
217
1,647
6,904
1,642
2,413
214
1,691
6,689
1,603
2,309
422
2,440
7,659
1,942
3,225
432
2,454
7,858
2,026
3,224
492
2,424
8,081
2,032
3,348
505
2,415
8,188
2,088
3,400
463
2,433
7,947
2,022
3,299
38
922
3,006
810
1,077
36
908
3,132
826
1,091
34
898
3,189
839
1,093
40
904
3,242
856
1,157
37
908
3,142
833
1,104
13
14
15
16
17
2,610
38
2,617
38
2,713
39
2,783
40
2,681
39
5,933
77
5,963
79
6,066
81
6,107
83
6,017
80
6,715
100
6,926
101
7,155
105
7,334
107
7,033
103
2,580
50
2,630
51
2,715
53
2,778
54
2,676
52
18
19
2,928
577
226
2,125
2,922
559
221
2,143
2,933
572
210
2,151
3,011
580
214
2,218
2,948
572
218
2,159
6,238
830
261
5,147
6,365
837
262
5,265
6,529
874
259
5,396
7,023
879
271
5,873
6,539
855
263
5,420
6,278
1,351
344
4,583
6,468
1,384
344
4,740
6,357
1,389
327
4,641
6,595
1,470
340
4,785
6,425
1,399
339
4,687
2,772
357
93
2,322
2,854
361
92
2,400
2,852
359
91
2,402
2,923
359
95
2,469
2,850
359
93
2,399
20
21
22
23
22,803
22, 780
24,049
24,643
23, 569
41,661
43, 167
45, 122
47, 199
44, 287
47, 933
48, 568
49, 950
51,358
49,452
18, 765
18, 846
19, 610
19, 974
19,299
24
1,148
1,144
1,176
1,204
1,168
2,054
2,129
2,204
2,258
2,161
2,526
2,552
2,603
2,667
2,587
1,059
1,058
1,084
1,111
1,078
25
21,655
21,636
22, 873
23, 439
22,401
39,607
41,038
42, 918
44,941
42, 126
45, 407
46,016
47,347
48, 691
46, 865
17, 706
17, 788
18, 526
18,863
18, 221
26
-17
-19
-27
-40
-26
222
217
222
228
222
-293
-317
-316
-318
-311
279
281
283
294
284
27
21, 638
21,617
22,847
23, 399
22,375
39, 828
41, 255
43, 139
45, 169
42,348
45,114
45,699
47,030
48,373
46, 554
17, 985
18,069
18, 809
19, 157
18,505
28
3,555
3,379
3,587
3,688
3,688
3,723
3,836
3,735
3,666
3,631
6,957
7,228
7,025
7,596
7,225
7,686
7,501
7,957
7,177
7,617
8,317
7,609
8,393
8,246
8,628
8,437
8,946
8,369
8,571
8,165
3,838
3,188
3,878
3,512
3,990
3,550
4,148
3,565
3,964
3,454
29
30
28, 572
28, 892
30,258
30,971
29, 673
54,013
55, 876
58,051
60,627
57, 142
61,040
62, 338
64,095
65,688
63, 290
25,012
25, 459
26,349
26, 870
25, 922
31
Table 28.— Minnesota
Table 29.— Missouri
Table 31.— North Dakota
Table 30.— Nebraska
I
II
III
IV
Annual
I
II
III
IV
Annual
I
II
III
IV
Annual
I
17,076
17, 148
17,668
18,036
17,482
19,476
19,812
20,298
20,951
20, 134
6,999
7,228
7,665
7,795
7,422
2,862
13,876
924
2,276
1,257
1,019
13, 869
932
2,347
1,324
1,023
14,002
942
2, 724
1,681
1,043
14,471
968
2,597
1,536
1,061
14,055
942
2,486
1,450
1,036
16, 395
1,255
1,827
374
1,453
16,646
1,299
1,867
392
1,476
16, 953
1,329
2,015
528
1,487
17,623
1,382
1,946
435
1,511
16, 904
1,316
1,914
432
1,482
4,940
315
1,743
1,205
538
4,985
320
1,922
1,381
541
5,117
324
2,224
1,673
551
5,243
333
2,220
1,661
559
5,071
323
2,027
1,480
547
1,373
15, 703
14, 393
4,068
2,425
1,643
1,437
15,711
14, 429
4,006
2,362
1,644
1,796
15,872
14, 998
3,992
2,332
1,660
1,653
16,383
15, 315
4,108
2,324
1,784
1,565
15, 917
14, 784
4,043
2,361
1,683
462
19,014
16, 268
4,999
3,026
1,972
478
19, 334
16, 533
5,114
3,090
2,023
615
19, 683
17, 050
5,323
3,243
2,081
523
20, 428
17, 547
5,581
3,413
2,168
519
19, 615
16, 849
5,254
3,193
2,061
1,304
5,695
5,859
1,080
554
526
1,478
5,750
6,051
1,085
550
535
1,770
5,895
6,446
1,073
533
540
1,760
6,035
6,569
1,116
555
561
226
977
3,162
852
1,256
237
938
3,199
864
1,243
227
1,011
3,227
874
1,282
233
1,067
3,327
864
1,349
231
998
3,229
864
1,283
127
984
3,696
1,025
1,869
127
1,041
3,736
1,037
1,886
119
1,017
3,830
1,056
1,890
130
1,063
3,872
1,054
2,004
126
1,026
3,783
1,043
1,912
21
409
1,220
371
559
18
403
1,231
378
557
19
430
1,257
389
582
2,436
42
2,461
43
2,544
45
2,668
46
2,527
44
3,056
52
3,061
53
3,145
54
3,264
55
3,132
54
869
25
875
25
2,683
432
90
2,161
2,719
425
90
2,203
2,670
442
89
2,138
2,721
434
93
2,194
2,698
433
91
2,174
3,208
949
328
1,931
3,279
976
309
1,994
3,248
960
321
1,967
3,404
1,013
351
2,040
3,285
974
328
1,983
1,140
238
169
734
17, 076
17, 148
17, 668
18, 036
17, 482
19,476
19, 812
20, 298
20, 951
20, 134
932
928
934
957
938
1,026
1,039
1,055
1,081
1,050
16, 144
-35
16, 220
-35
16, 734
-32
17, 079
-36
16, 544
-35
18, 450
-939
18, 773
-966
19, 243
-985
19, 870
-1,028
16, 109
16, 185
16, 701
17, 043
16, 510
17, 511
17, 807
18, 257
18, 842
3,052
2,720
3,081
2,948
3,169
3,011
3,297
3,047
3,150
2,932
3,548
3,596
3,583
3,920
3,684
4,003
3,821
4,065
3,659
3,896
1,490
975
1,501
1,067
21, 882
22, 213
22, 881
23, 387
22, 591
24,656
25,309
25, 944
26,728
25, 659
9,002
9,333
Line
Annual
III
IV
2,832
3,093
3,195
2,996
1
1,779
100
983
822
162
1,765
101
966
809
157
1,802
104
1,188
1,028
160
1,865
106
1,224
1,059
165
1,803
103
1,090
929
161
2
3
1,578
5,844
6,231
1,088
548
540
872
1,990
2,317
174
102
72
859
1,973
2,285
175
99
75
1,078
2,015
2,557
177
102
75
1,110
2,085
2,632
178
104
74
980
2,016
2,448
176
102
74
7
8
9
10
11
12
21
445
1,273
388
599
20
422
1,245
381
574
26
(D)
479
88
169
30
(D)
488
91
171
30
(D)
506
96
173
36
(D)
513
91
180
30
(D)
497
92
173
13
14
15
16
17
900
26
941
26
896
25
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
18
19
1,177
240
168
769
1,219
234
165
820
1,226
235
176
815
1,191
237
169
785
545
122
146
278
547
119
146
281
536
122
145
270
563
131
153
279
548
123
147
277
20
21
22
23
6,999
7,228
7,665
7,795
7,422
2,862
2,832
3,093
3,195
2,996
24
353
354
359
368
358
124
122
126
129
125
25
19, 084
-980
6,646
-108
6,874
-109
7,306
-112
7,427
-116
7,064
-111
2,738
-72
2,710
-71
2,967
-74
3,066
2,871
-74
26
27
18, 104
6,537
6,765
7,194
7,312
6,952
2,666
2,638
2,893
2,989
2,797
28
1,543
1,089
1,608
1,104
1,535
1,059
474
405
477
435
491
443
512
448
489
433
29
30
9,825
10, 024
9,546
3,545
3,551
3,826
3,950
3,718
31
II
4
5
6
Tables 32-45.—Preliminary Quarterly and Annual
[Millions
Table 32.— South Dakota
Item
Line
I
II
III
IV
2,430
2,455
2,696
2,589
1,620
96
714
519
195
1,646
99
711
520
190
1,649
101
946
755
191
566
1,864
1,917
203
(D)
(D)
566
1,889
1,922
215
28
141
432
93
150
Table 33.— Southeast
I
II
III
IV
Table 34.— Alabama
I
II
III
IV
Annual
2,543 171,095 170,838 177,631 182,928 175,623
12,061
12,105
12,761
13,266
12,548
1,665
102
822
626
195
1,645 143,663 143,998 149, 147 153,941 147,687
99
9,810 10, 154 10,483 10,032
9,680
798 17, 752 17,030 18, 330 18,504 17,904
605
5,565
5,971
5,984
4,801
5,580
193 12, 187 12, 228 12,358 12,520 12,323
10, 132
731
1,199
342
857
10, 167
739
1,199
336
863
10, 694
771
1,295
415
880
11, 153
799
1,315
423
891
10,536
760
1,252
379
873
801
1,895
2,184
219
(D)
(D)
673
1,916
2,089
217
(Dj
(D)
7,194
7,225
651
6,013
6,807
6,799
1,892 164, 296 164,825 170, 437 175,703 168,816
2,028 136, 905 136,073 141,605 145,688 140,068
213 38,357 38,748 41,133 43,091 40,332
17, 991 17, 816 18,508 19, 191 18,376
(D)
20,366 20,932 22,625 23,901 21,956
(D)
391
11, 670
9,554
3,217
1,730
1,487
384
11, 721
9,557
3,199
1,684
1,515
464
12,297
10,053
3,421
1,730
1,691
473
12, 793
10,398
3,567
1,782
1,785
428
12, 120
9,890
3,351
1,732
1,619
32
112
444
95
150
31
105
452
99
153
36
119
455
90
157
32
119
446
94
153
3,706
11,642
29,228
8,622
12,413
3,685
10,992
29,203
8,537
12,491
4,011
10,870
29,780
8,646
12, 774
4,226
10,994
30,219
8,828
13,152
3,907
11,125
29,608
8,634
12,707
190
817
1,928
515
788
190
804
1,937
515
801
216
856
1,986
524
823
226
872
2,045
526
863
205
837
1,974
520
819
291
12
297
12
312
12
328
12
307
12
25,593
645
25,745
658
26, 515
681
27,256
697
26, 277
671
1,672
38
1,687
39
1,723
41
1,785
42
1,717
40
513
136
81
297
533
140
82
311
512
147
81
284
500
155
85
260
515
145
82
288
34, 190
8,786
6,823
18,581
34,765
8,938
6,783
19,044
36, 026
9,142
6,864
20,021
37,240
9,554
7,066
20, 620
35, 555
9,105
6,884
19,566
2,507
871
392
1,244
2,548
886
387
1,275
2,708
922
391
1,395
2,868
997
411
1,460
2,658
919
395
1,343
2,430
2,455
2,696
2,589
2,543 171,095 170,838 177,631 182,928 175,623
25
Total labor and proprietors' income by place of
work.
Less: Personal contributions for social insurance
by place of work.
124
125
127
130
26
27
Net labor and proprietors' income by place of work.
Plus' Residence adjustment
2,306
2,330
6
2,569
6
28
Net labor and proprietors' income by place of
residence.
Plus ' Dividends interest and rent
Plus' Transfer payments
2,312
2,337
29
30
494
437
498
474
31
Personal income by place of residence
3,244
3,309
Annual
Annual
Income by place of work
1 Total labor and proprietors' income l
By type
2
3
4
5
6
Wage and salary disbursements
Other labor income
Proprietors' income _
. . .
Farm
Nonfarm
By industry
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Farm. .
Nonfarm
Private
Manufacturing
Durables
Nondurables.
..
.
Mining
....
,
Contract construction
Wholesale and retail trade
Finance, insurance, and real estate
Transportation, communication, and public
utilities.
Services
Other industries
Government
Federal, civilian
Federal military
State and local
-
_
(D)
(D)
Derivation of personal income by place of residence
24
12,105
12, 761
13, 266
12,548
679
678
704
721
695
2,459
7
2,417 161, 698 161,462 168,008 173,071 166, 060
7
1,867
1,795
1,898
1,933
1,873
11,382
185
11,427
185
12, 057
189
12, 545
197
11,853
189
2,575
2,466
2,423 163,492 163, 329 169,906 175,004 167,933
512
477
534
486
3,565
3,487
9,397
9,376
9,623
9,857
11,568
11, 612
12,246
12,742
12,042
31,437
35,937
1,734
2,482
1,749
2,689
1,798
2,677
1,871
2,707
1,788
2,639
3,401 227,798 230,610 237,943 244,875 235,306
15,783
16,050
16,721
17,320
16,469
510
469
30,497
33,809
Table 39.-Louisiana
Item
Line
12,061
9,563
126
30,776
36,504
31,642
36,394
32,832
37,039
Table 40.— Mississippi
I
II
III
IV
Annual
13,629
13,617
13,650
14,009
13,726
6,950
11,321
799
1,509
583
926
11,378
811
1,429
500
929
11,460
816
1,373
437
936
11,834
842
1,332
384
949
11,498
817
1,411
476
935
641
12,988
11,306
2,292
961
1,330
557
13,060
11, 256
2,278
956
1,321
495
13, 155
11, 282
2,310
964
1,345
442
13, 567
11, 567
2,436
1,028
1,408
837
1,178
2,416
614
1,297
902
1,130
2,416
624
1,310
879
1,097
2,458
627
1,331
1,975
56
1,984
57
2,323
442
353
1,527
I
II
Table 41.— North Carolina
I
II
III
IV
Annual
7,125
20,298
20, 176
21,414
21,820
20,927
6,158
446
853
246
607
5,874
424
827
229
598
16, 703
1,103
2,493
1,145
1,347
16, 820
1,129
2,227
878
1,349
17, 611
1,192
2,611
1,246
1,366
17, 973
1,219
2,628
1,247
1,381
17, 277
1,161
2,490
1,129
1,361
362
6,812
5,729
2,061
1,223
838
372
7,085
5,959
2,198
1,304
895
353
6,772
5,695
2,019
1,197
822
1,295
19,003
16,426
6,002
2,198
3,804
1,025
19, 151
16, 251
6,169
2,196
3,973
1,394
20,020
17,443
6,757
2,349
4,408
1,397
20,423
17,738
6,906
2,381
4,525
1.278
19,649
16,965
6,458
2,281
4,178
81
440
1,081
287
437
79
398
1,103
294
452
87
442
1,128
280
454
81
444
1,098
288
446
42
1,125
3,214
900
1,225
40
1,053
3,212
887
1,240
40
1,066
3,284
903
1,271
42
1,072
3,267
928
1,318
41
1,079
3,244
904
1,264
911
31
913
32
949
33
963
34
934
33
2,564
59
2,564
60
2,665
63
2,744
64
2,634
62
2,373
467
354
1,551
1,390
351
281
758
1,389
340
267
781
1,445
339
257
849
1,498
363
275
860
1,430
348
270
812
3,872
635
1,045
2,192
3,925
610
1,073
2,242
3,971
642
1,057
2,273
4,082
644
1,109
2,328
3,962
632
1,071
2,259
III
IV
6,919
7,174
7,457
5,734
410
807
209
597
5,692
413
815
222
593
5,915
429
831
238
593
534
13, 192
11, 353
2,329
977
1,351
334
6,616
5,560
1,901
1,126
775
345
6,574
5,530
1,915
1,134
780
953
1,126
2,507
626
1,340
893
1,133
2,449
623
1,320
77
497
1,079
289
441
2,027
59
2,077
61
2,016
58
2,361
463
362
1,536
2,368
469
357
1,541
2,442
496
345
1,601
13, 629
13, 617
13,650
693
694
Annual
Income by place of work
1 Total labor and proprietors' income 1
By type
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Wage and salary disbursements
Other labor income
Proprietors' incoTne
Farm
. - Nonfarm
By industry
Farm
Nonfarm
Private
M anuf acturing
Durables
Nondurables
.-
.. .
Mining
Contract construction
Wholesale and retail trade.
Finance, insurance, and real estate
Transportation, communication, and public
utilities.
Services.
Other industries
_.
Government
Federal, civilian
Federal, military
State and local _
T
- .-
Derivation of personal income by place of residence
Total labor and proprietors' income by place of
work.
Less: Personal contributions for social insurance
by place of work.
14,009
13, 726
6,950
6,919
7,174
7,457
7,125
20,298
20, 176
21,414
21,820
20,927
25
693
710
698
400
396
408
418
406
1,174
1,179
1,236
1,266
1,214
26
27
Net labor and proprietors' income by place of work. 12,936 12,923 12,957
-1
-1
3
Plus: Residence adjustment
13,299
3
13,028
6,550
43
6,523
46
6,766
46
7,039
45
6,719
45
19,124
9
18, 997
11
20,178
9
20,554
13
19, 713
11
28
Net labor and proprietors' income by place of
residence.
Plus: Dividends, interest, and rent
Plus: Transfer payments
12, 935
12, 922
12, 960
13,302
13,030
6,593
6,569
6,812
7,084
6,765
19, 133
19,008
20,187
20,567
19,724
29
30
2,274
2,388
2,291
2,572
2,354
2,604
2,451
2,658
2,343
2,556
998
1,576
1,006
1,716
1,034
1,725
1,077
1,733
1,029
1,688
2,893
3,291
2,918
3,582
3,000
3,488
3,110
3,507
2,980
3,467
31
Personal income by place of residence
17, 597
17, 785
17, 918
18,411
17,928
9,167
9,291
9,572
9,894
9,481
25, 317
25,509
26,674
27,185
26,171
24
Personal Income by Major Sources, 1975
of dollars]
Table 36.-Florida
Table 35.— Arkansas
Table 37.— Georgia
Table 38.— Kentucky
Line
I
II
III
IV
Annual
I
II
III
IV
Annual
I
II
III
IV
Annual
6,813
30,380
30,039
30,796
31,547
30,690
18,506
18,625
19,360
20,247
19,185
11,768
11,611
12, 150
12,314
11,961
1
5,264
402
1,429
868
561
5,050
385
1,377
824
553
25,750
1,518
3,112
870
2,243
25, 587
1,523
2,929
685
2,244
26,281
1,545
2,969
709
2,260
26, 777
1,570
3,200
918
2,282
26,099
1,539
3,052
795
2,257
15, 680
1,005
1,822
596
1,226
15, 797
1,030
1,798
571
1,227
16,321
1,061
1,977
740
1,237
17,070
1,116
2,061
809
1,251
16,217
1,053
1,914
679
1,235
9,663
790
1,315
388
927
9,459
772
1,379
441
938
9,800
809
1,541
589
952
10,083
829
1,402
429
973
9,751
800
1,409
462
947
2
3
4
5
6
1,031
5,935
5,939
1,682
936
746
967
6,128
5,992
1,758
965
793
922
5,891
5,766
1,648
907
741
1,177
29,203
24, 681
3,688
2,039
1,649
987
29,052
24, 187
3,652
2,008
1,644
1,014
29, 782
24, 602
3,734
2,063
1,671
1,227
30,320
25, 252
3,869
2,064
1,805
1,101
29,589
24,680
3,736
2,044
1,692
718
17,788
14,921
3,998
1,572
2,426
690
17, 935
14,915
4,139
1,638
2,501
861
18, 499
15, 523
4,428
1,670
2,758
932
19,315
16, 240
4,810
1,784
3,026
800
18,385
15,400
4,344
1,666
2,678
490
11,278
9,620
3,010
(DD)
( )
641
11,070
9,460
2,841
(DD)
( )
690
11, 460
9,968
2,997
(D)
(D)
531
11, 783
10,089
3,116
(D)
(D)
563
11,398
9,784
2,991
(D
)
(D)
7
8
9
10
11
12
49
357
1,108
281
459
49
361
1,130
289
474
53
360
1,138
279
490
50
366
1,114
283
472
140
2,618
6,027
2,140
2,481
149
2,361
5,932
2,151
2,505
142
2,255
6,034
2,200
2,553
153
2,193
6,113
2,278
2,538
146
2,357
6,026
2,192
2,520
74
1,020
3,646
1,086
1,611
76
951
3,592
1,100
1,615
75
930
3,651
1,101
1,653
80
933
3,744
1,129
1,745
76
958
3,658
1,104
1,656
791
707
1,814
440
821
770
715
1,803
431
813
861
726
1,835
440
828
868
774
1,862
440
856
822
731
1,828
438
830
13
14
15
16
17
846
38
852
39
883
40
904
41
871
39
6,217
192
6,255
195
6,468
201
6,675
205
6,403
198
2,698
71
2,679
73
2,749
75
2,790
78
2,729
74
1,521
25
1,520
25
1,566
26
1,616
27
1,556
26
18
19
1,013
240
146
627
1,043
255
146
643
1,027
261
146
620
1,103
279
157
668
1,047
259
149
639
5,699
1,036
965
3,698
5,852
1,066
1,026
3,760
6,194
1,076
1,035
4,082
6,295
1,133
1,042
4,119
6,010
1,078
1,017
3,915
3,585
1,020
604
1,961
3,710
1,064
609
2,037
3,837
1,072
594
2,170
4,007
1,130
617
2,259
3,785
1,072
606
2,107
2,148
510
464
1,174
2,151
493
455
1,203
2,182
523
454
1,206
2,225
519
480
1,225
2,177
511
463
1,202
20
21
22
23
6,721
6,468
6,966
7,095
6,813
30,380
30, 039
30, 796
31,547
30, 690
18, 506
18, 625
19, 360
20,247
19,185
11,768
11,611
12, 150
12,314
11, 961
24
1,631
1,604
1,617
1,656
1,627
1,030
1,029
1,053
1,078
1,048
601
584
603
617
601
25
II
III
IV
6,721
6,468
6,966
7,095
4,922
372
1,427
879
548
4,931
375
1,163
615
548
5,085
392
1,488
933
555
978
5,743
5,708
1,583
869
715
712
5,756
5,425
1,569
860
709
49
385
1,079
284
467
I
Annual
348
346
358
366
354
6,373
21
6,122
24
6,608
23
6,729
25
6,459
23
28,749
-24
28, 435
-23
29, 179
-21
29, 891
-20
29,063
-22
17,476
-76
17, 596
-73
18, 307
-73
19, 169
-82
18, 137
-76
11, 167
78
11, 027
102
11, 547
101
11,697
104
11,360
96
26
27
6,395
6,147
6,631
6,753
6,481
28,726
28,413
29, 157
29,871
29, 042
17,400
17,523
18,235
19, 087
18,061
11,245
11,129
11,649
11, 801
11, 456
28
1,085
1,570
1,095
1,718
1,126
1,704
1,174
1,701
1,120
1,673
8,966
7,337
9,056
7,882
9,311
7,904
9,637
8,161
9,242
7,821
2,888
3,260
2,915
3,496
2,997
3,445
3,114
3,548
2,978
3,438
1,752
2,416
1,767
2,636
1,816
2,645
1,884
2,670
1,805
2,592
29
30
9,050
8,959
9,461
9,627
9,274
45, 028
45,351
46,373
47, 668
46, 105
23,548
23,934
24,677
25,749
24,477
15,413
15, 532
16, 109
16, 356
15,852
31
Table 43.— Tennessee
Table 42.-South Carolina
I
II
III
IV
Annual
Table 44.— Virginia
Table 45.- West Virginia
Line
I
II
III
IV
Annual
I
II
III
IV
Annual
I
II
III
IV
6,306
6,595
6,881
6,559
1
Annual
9,363
9,616
10,141
10,607
9,932
14,979
15,219
15,745
16,209
15,538
19,983
20, 135
20,879
21,476
20,618
6,455
8,082
479
802
181
621
8,294
500
821
197
625
8,794
532
815
183
632
9,189
559
858
219
640
8,590
518
824
195
630
12,703
928
1,348
98
1,249
12,906
958
1,355
106
1,249
13,337
990
1,418
152
1,266
13,784
1,021
1,404
127
1,278
13, 183
974
1,381
121
1,261
17,540
1,012
1,432
250
1,182
17, 673
1,038
1,424
234
1,190
18, 308
1,065
1,505
299
1,206
18,868
1,100
1,508
288
1,220
18,097
1,054
1,467
268
1,200
5,434
534
487
23
464
5,294
521
491
18
473
5,539
551
504
29
475
5,788
579
514
26
488
5,514
546
499
24
475
2
3
4
5
6
249
9,114
7,202
2,850
884
1,966
263
9,353
7,436
2,996
858
2,138
250
9,891
7,867
3,367
904
2,463
287
10, 320
8,239
3,626
953
2,672
262
9,670
7,687
3,210
900
2,310
169
14, 810
12, 376
4,444
1,996
2,449
175
15, 044
12, 553
4,622
2,018
2,604
222
15,523
13,013
4,843
2,092
2,751
198
16, Oil
13, 347
5,046
2,164
2,882
191
15,347
12, 822
4,739
2>068
2,671
324
19, 659
13, 992
3,741
307
19, 828
14, 099
3,818
(D)
(D)
372
20,507
14,542
3,975
362
21, 114
14,950
4,092
32
6,423
5,558
1,631
27
6,279
5,401
1,550
38
6,557
5,642
1,558
35
6,846
5,916
1,667
(D)
(D)
(D)
(D)
341
20, 277
14, 396
3,906
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
33
6,526
5,629
1,602
(D)
(D)
7
8
9
10
11
12
19
640
1,364
399
480
20
611
1,394
409
494
19
614
1,423
418
501
21
619
1,449
435
529
20
621
1,407
415
501
120
936
2,707
747
937
127
873
2,754
746
930
131
889
2,814
743
961
13-4
876
2,824
755
1,009
128
894
2,775
748
959
315
1,285
3,038
923
1,374
319
1,235
3,059
919
1,393
357
1,254
3,127
921
1,420
386
1,246
3,193
966
1,485
344
1,255
3,104
932
1,418
1,052
433
917
186
491
961
463
915
186
494
1,164
426
935
188
507
1,224
480
950
185
524
1,100
451
929
186
504
13
14
15
16
17
1,168
35
1,212
36
1,238
37
1,236
39
1,213
37
2,279
36
2,290
37
2,373
38
2,465
39
2,351
37
2,937
56
2,991
58
3,056
60
3,160
61
3,036
59
809
7
800
8
817
8
842
8
817
8
18
19
2,161
457
694
1,010
2,180
452
691
1,038
2,274
478
710
1,085
2,368
480
752
1,136
2,245
467
712
1,067
2,603
781
209
1,613
2,666
791
205
1,670
2,732
819
210
1,704
2,862
839
217
1,806
2,716
808
210
1,698
5,991
2,252
1,624
2,115
6,036
2,327
1,516
2,193
6,337
2,346
1,607
2,383
6,526
2,471
1,612
2,442
6,222
2,349
1,590
2,283
897
190
46
660
905
192
46
667
953
195
46
713
965
203
47
715
930
195
46
689
20
21
22
23
9,363
9,616
10, 141
10, 607
9,932
14, 979
15, 219
15,745
16,209
15, 538
19,983
20,135
20,879
21,476
20,618
6,455
6,306
6,595
6,881
6,559
24
526
543
574
588
558
889
901
924
946
915
1,072
1,080
1,100
1,127
1,095
354
342
354
362
353
25
8,837
132
9,073
129
9,567
133
10,019
135
9,374
132
14,090
-140
14,318
-151
14,821
-158
15,263
-159
14,623
-152
18,911
1,702
19,055
1,736
19, 779
1,778
20,349
1,816
19, 523
1,758
6,101
-136
5,964
-119
6,241
-130
6,519
-146
6,206
-133
26
27
8,968
9,201
9,699
10,154
9,506
13,950
14, 167
14,662
15, 104
14,471
20, 613
20, 791
21, 557
22, 166
21,281
5,966
5,845
6,111
6,373
6,074
28
1,336
1,812
1,349
1,919
1,387
1,845
1,441
1,845
1,378
1,855
2,414
2»792
2,435
3,057
2,504
3,045
2,602
3,102
2,489
2,999
3,260
3,314
3,290
3,548
3,383
3,587
3,506
3,663
3,360
3,528
898
1,569
907
1,688
932
1,726
966
1,743
926
1,681
29
30
12, 117
12,469
12,931
13,440
12, 739
19, 156
19, 659
20, 211
20, 808
19, 959
27, 187
27,629
28, 527
29, 335
28, 169
8,433
8,440
8,769
9,082
8,681
31
(D)
(D)
Tables 46-59.—Preliminary Quarterly and Annual
[Million
Table 46.— Southwest
Item
Line
Table 47.— Arizona
I
II
III
IV
.Annual
I
71,287
72,158
74,682
77,076
73,801
8,535
62,691 64,931 62, 180
4,312
4,450 4,266
7,680 7,695 7,355
2,051
1,985
1,747
5,628 5,710 5,609
II
Table 48. —New Mexico
III
IV
8,478
8,894
9,245
7,232
444
859
316
543
7,206
445
827
281
546
7,476
456
962
409
553
2,236
71,565
59, 290
13,550
(D)
(D)
412
8,123
6,627
1,255
998
258
375
8,103
6,542
1,225
970
255
.Annual
I
II
III
IV
Annual
8,788
3,753
3,820
3,950
4,097
3,905
7,841
473
931
369
562
7,439
455
895
344
551
3,270
177
306
93
213
3,323
182
314
99
215
3,398
185
367
148
218
3,565
195
337
116
221
3,389
185
331
114
217
504
8,390
6,850
1,274
1,014
260
465
8,780
7,075
1,294
1,022
272
439
8,349
6,774
1,262
1,001
261
122
3,631
2,587
252
(D)
(D)
128
3,692
2,634
258
(D)
(D)
177
3,773
2,753
262
(D)
(D)
145
3,952
2,868
285
(D)
(D)
143
3,762
2,710
264
(D)
(D)
Income by place of work
1 Total labor and proprietors' income
J
.
By type
2
3
4
5
6
Wage and salary disbursements
Other labor income .Proprietors' income
Farm.
Nonfarm
60,178 60,918
4,098 4,205
7,011 7,035
1,474 1,478
5,538 5,558
_
By industry
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Farm
- -Nonfarm
. - - .. Private
Manufacturing
Durables
..
Nondurables
-
-
1,965 1,960
.- 69,322 70, 198
57,363 57, 931
13,013 13, 258
(D)
(D)
(D)
(D)
2,538
72,144
60,048
13,689
(D)
(D)
3,260
5,188
13,286
3,852
5,456
3,498
4,920
13, 464
3,894
5,481
3,518
5,001
13,856
3,978
5,613
3,725
5,175
14, 258
4,038
5,787
3,500
5,071
13, 716
3,941
5,584
393
651
1,437
489
555
395
603
1,440
487
564
393
607
1,492
493
565
412
657
1,551
516
598
398
630
1,480
496
571
256
280
608
160
294
269
281
618
161
292
276
291
635
165
296
292
297
657
170
317
273
287
630
164
300
11,085
258
11, 195
262
11, 586
270
11,839
276
11,426
266
1,401
35
1,417
36
1,485
37
1,543
38
1,461
36
604
12
614
12
638
12
692
13
637
12
. 13, 924 14, 227
3,614 3,695
2,781 2,791
7,529 7,741
14, 634
3,678
2,737
8,219
15, 259
3,880
2,884
8,495
14, 511
3,717
2,798
7,996
1,908
463
320
1,124
1,936
460
323
1,153
2,044
478
322
1,244
2,170
506
348
1,316
2,014
477
329
1,209
1,166
382
185
600
1,186
390
187
609
1,197
388
183
627
1,229
408
194
628
1,195
392
187
616
Mining
Contract construction
Wholesale and retail trade
Finance, insurance, and real estate
Transportation, communication, and public
utilities.
Services ...
Other industries
Government
Federal, civilian
Federal, military
State and local
2,479
74, 597
61,817
14, 241
88
Derivation of personal income by place of residence
71, 287
72, 158
74, 682
77, 076
73, 801
8,535
8,478
8,894
9,245
8,788
3,753
3,820
3,950
4,097
3,905
3,795
3,828
3,903
3,998
3,881
449
444
453
464
453
210
213
217
222
216
26
27
Net labor and proprietors' income by place of work. 67, 492
190
Plus: Residence adjustment
68, 330
241
70, 779
321
73, 078
315
69,920
266
8,086
7
8,034
8
8,441
8
8,781
8
8,335
8
3,543
-23
3,607
-23
3,733
-23
3,875
-26
3,689
-24
28
67, 682
68, 571
71, 100
73, 393
70, 187
8,093
8,042
8,449
8,789
8,343
3,520
3,583
3,709
3,849
3,666
29
30
Net labor and proprietors' income by place of
residence.
Plus: Dividends, interest, and rent
Plus: Transfer payments
.
13, 486
11, 573
13,595
12, 407
13, 974
12, 629
14, 536
12, 891
13, 898
12, 375
1,741
1,587
1,759
1,717
1,810
1,761
1,880
1,781
1,797
1,711
664
748
669
790
688
803
716
823
684
791
31
Personal income by place of residence .
92, 741
94, 572
97, 703 100, 821
96, 459
11, 420
11, 518
12, 019
12, 450
11, 852
4,932
5,043
5,200
5,388
5,141
25
Total labor and proprietors' income by place of
work.
Less: Personal contributions for social insurance
by place of work.
24
Line
Table 53.—Idaho
Item
I
II
Table 54.— Montana
Table 55.— Utah
III
IV
Annual
I
II
III
IV
Annual
I
II
III
IV
Annual
Income by place of work
1 Total labor and proprietors' income 1
3,063
3,068
3,291
3,344
3,191
2,928
2,952
3,254
3,311
3,111
4,561
4,557
4,546
4,682
4,586
2,347
146
569
319
251
2,406
152
510
259
251
2,454
155
682
429
253
2,550
163
632
372
260
2,439
154
598
344
254
2,166
131
631
393
239
2,177
132
644
409
234
2,242
135
877
639
238
2,344
140
827
584
243
2,232
134
745
506
238
3,954
260
347
59
288
3,954
265
338
50
288
3,922
259
365
74
290
4,054
264
363
70
293
3,971
262
353
63
290
406
2,657
2,501
496
278
219
345
2,723
2,496
519
280
239
515
2,776
2,713
547
298
249
460
2,884
2,772
568
313
255
431
2,760
2,620
532
292
240
469
2,459
2,289
262
168
94
484
2,468
2,280
249
153
96
715
2,539
2,567
279
181
98
661
2,650
2,578
292
190
102
582
2,529
2,428
271
173
98
77
4,484
3,393
803
573
230
67
4,490
3,388
810
580
229
92
4,454
3,402
746
531
215
88
4,594
3,492
755
530
225
81
4,505
3,418
779
554
225
46
259
535
118
205
47
250
550
121
206
42
251
552
126
213
47
272
580
126
222
46
258
554
123
211
101
205
491
106
258
108
164
508
108
257
96
171
518
111
260
102
184
527
109
271
102
181
511
109
262
199
325
803
206
374
183
312
827
207
378
194
307
838
205
385
195
308
859
210
402
193
313
832
207
385
419
16
441
16
451
16
482
17
448
16
387
11
392
11
405
11
420
11
401
11
594
11
593
11
623
11
663
11
619
11
562
144
74
344
572
154
74
344
578
146
74
358
572
168
77
327
571
153
75
343
639
187
78
374
672
208
78
386
687
196
75
417
733
214
80
439
683
201
78
404
1,168
549
69
549
1,169
565
69
535
1,144
543
67
534
1,190
572
70
548
1,168
557
69
542
Total labor and proprietors' income by place of
3,063
work.
Less: Personal contributions for social insurance
168
by place of work.
Net labor and proprietors' income by place of work. . 2,895
13
Plus: Residence adjustment
. ..
3,068
3,291
3,344
3,191
2,928
2,952
3,254
3,311
3,111
4,561
4,557
4,546
4,682
4,586
173
175
179
174
161
158
162
166
162
279
279
275
282
279
2,895
12
3,116
12
3,165
11
3,017
12
2,767
-1
2,794
-1
3,092
-2
3,145
-1
2,949
-1
4,282
6
4,278
6
4,271
7
4,400
7
4,307
6
By type
2
3
4
5
6
Wage and salary disbursements
Other labor income
Proprietors' income _
Farm
Nonfarm
.
By industry
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Farm
Nonfarm ..
Private
M anuf acturing
Durables
Nondurables
Mining
Contract construction
Wholesale and retail trade
Finance, insurance, and real estate _ .. ._
Transportation, communication, and public utilities.
Services
- _ __
Other industries
Government
Federal, civilian
Federal, military.
State and local
- .-.
Derivation of personal income by place of residence
24
25
26
27
Net labor and proprietors' income by place of
residence.
Plus: Dividends, interest, and rent
Plus: Transfer payments
._
2,907
2,907
3,127
3,176
3,029
2,766
2,793
3,091
3,143
2,948
4,288
4,284
4,277
4,407
4,314
29
30
516
494
521
528
536
521
559
542
533
521
564
498
569
538
585
545
609
558
582
535
744
678
750
735
771
751
803
758
767
731
31
Personal income by place of residence
3,918
3,955
4,184
4,277
4,084
3,828
3,900
4,221
4,310
4,065
5,710
5,769
5,799
5,968
5,812
28
Personal Income by Major Sources, 1975
of dollars]
Table 50.—Texas
Table 49.— Oklahoma
I
III
II
IV
Annual
I
II
III
Table 51.— Rocky Mountain
IV
Table 52.— Colorado
Annual
I
II
III
IV
Annual
I
II
III
IV
Annual
9,677
9,758
10,075
10,455
9,991
49,323
50, 103
51,764
53,279
51, 117
23,369
23,524
24,468
25,314
24, 169
11,102
11,217
11, 630
12,114
11,516
1
8,093
568
1,016
243
773
8,179
579
1,000
225
775
8,370
592
1,113
331
782
8,709
616
1,129
333
797
8,338
589
1,065
283
782
41,583
2,909
4,831
822
4,009
42, 210
2,999
4,894
872
4,022
43,447
3,079
5,238
1,163
4,075
44,816
3,165
5,298
1,168
4,130
43,014
3,038
5,065
1,006
4,059
19,328
1,160
2,881
1,202
1,679
19,507
1,185
2,831
1,150
1,681
19,866
1,203
3,399
1,696
1,703
20,696
1,244
3,375
1,645
1,730
19,849
1,198
3,121
1,423
1,698
9,389
538
1,175
403
772
9,485
550
1,181
403
779
9,759
568
1,304
513
791
10,148
587
1,379
578
801
9,695
561
1,260
474
786
2
3
4
5
6
315
9,362
7,606
1,717
1,070
648
296
9,462
7,656
1,706
1,053
653
402
9,673
7,951
1,753
1,072
680
405
10,050
8,254
1,849
1,122
728
355
9,636
7,867
1,756
1,079
677
1,117
48,206
40,543
9,789
5,519
4,270
1,161
48,942
41, 100
10,070
5,627
4,443
1,454
50,310
42,495
10, 401
5,748
4,653
1,464
51, 815
43, 620
10, 812
5,950
4,862
1,299
49, 818
41,939
10,268
5,711
4,557
1,512
21,857
18, 229
3,452
2,160
1,292
1,455
22,069
18,284
3,484
2,170
1,314
2,003
22,465
19, 193
3,554
2,220
1,334
1,956
23,358
19,791
3,661
2,264
1,397
1,732
22,437
18, 874
3,538
2,203
1,334
498
10,604
8,682
1,787
1,107
681
496
10,721
8,756
1,803
1,120
683
606
11,024
9,142
1,878
1,173
705
674
11,440
9,499
1,938
1,189
749
568
10,948
9,020
1,851
1,147
704
7
8
9
10
11
12
616
591
1,711
476
778
659
555
1,753
479
784
664
552
1,794
498
811
710
588
1,855
494
839
662
571
1,778
487
803
1,996
3,666
9,530
2,727
3,830
2,174
3,480
9,653
2,767
3,841
2,185
3,551
9,936
2,822
3,940
2,311
3,633
10, 194
2,858
4,032
2,166
3,583
9,828
2,794
3,911
905
1,795
4,086
1,134
1,871
941
1,707
4,161
1,139
1,877
931
1,744
4,231
1,167
1,926
1,010
1,803
4,367
1,187
2,011
947
1,762
4,212
1,157
1,921
294
728
2,018
653
863
321
716
2,036
653
868
332
746
2,080
673
897
363
752
2,145
696
935
327
735
2,070
669
891
13
14
15
16
17
1,365
37
1,386
38
1,439
39
1,473
40
1,416
38
7,715
174
7,778
176
8,024
182
8,131
185
7,912
179
3,394
79
3,440
80
3,554
82
3,711
84
3,525
81
1,806
34
1,830
35
1,895
36
1,960
37
1,873
35
18
19
2,071
679
358
1,034
2,102
685
359
1,058
2,124
676
357
1,091
2,201
711
381
1,109
2,124
688
364
1,073
8,780
2,090
1,919
4,771
9,003
2,160
1,922
4,921
9,269
2,136
1,875
5,258
9,659
2,256
1,961
5,442
9,178
2,161
1,919
5,098
5,140
1,627
750
2,763
5,240
1,673
750
2,817
5,275
1,662
733
2,880
5,523
1,769
772
2,983
5,295
1,683
751
2,861
2,420
660
475
1,285
2,461
654
474
1,332
2,488
683
465
1,340
2,615
718
488
1,409
2,496
679
475
1,342
20
21
22
23
9,677
9,758
10, 075
10, 455
9,991
49,323
50, 103
51, 764
53, 279
51, 117
23,369
23,524
24,468
25, 314
24,169
11, 102
11, 217
11,630
12, 114
11, 516
24
527
532
541
555
539
2,609
2,640
2,691
2,757
2,674
1,284
1,290
1,306
1,338
1,305
573
577
592
606
587
25
9,150
137
9,226
150
9,534
172
9,900
173
9,452
158
46, 714
68
47, 463
107
49, 073
164
50, 522
160
48,443
125
22,085
9
22,234
8
23, 162
8
23, 976
8
22, 864
9
10, 529 10,640
1
11,038
(2)
11, 508
(2)
10,929
1
26
27
9,287
9,375
9,705
10,073
9,610
46, 782
47, 570
49,237
50,682
48,568
22,094
22, 241
23, 170
23,985
22, 873
10, 530
10, 640
11,038
11, 508
10,929
28
1,798
1,937
1,811
2,097
1,860
2,130
1,936
2,181
1,851
2,086
9,283
7,301
9,356
7,802
9,616
7,935
10, 005
8,105
9,565
7,786
4,195
3,527
4,233
3,794
4,353
3,867
4,526
3,933
4,327
3,780
2,038
1,644
2,057
1,766
2,115
1,816
2,197
1,838
2,102
1,766
29
30
13, 022
13,283
13, 695
14, 190
13,548
63, 366
64, 728
66, 788
68, 793
65,919
29, 816
30,268
31,389
32, 444
30, 979
14, 213
14, 463
14, 969
15, 543
14, 797
31
Table 58.— California
Table 57.—Far West
Table 56.— Wyoming
III
Table 59.— Nevada
Annual
I
II
III
1,864
1,764
131,356
132,043
135,307
140,152 134,715 102,852 103,342 105,787 109,603 105,396
1,489
86
172
41
131
1,599
90
174
41
134
1,511
87
166
35
131
111, 924
7,173
12,259
3,043
9,216
112,822
7,307
11, 914
2,633
9,281
114,680
7,413
13, 214
3,791
9,423
119, 106 114,633
7,685
7,395
13, 361 12,687
3,320
3,813
9,367
9,548
88,069
5,702
9,081
1,959
7,122
63
1,667
1,364
103
36
67
75
1,671
1,369
103
37
67
75
1,789
1,451
108
42
67
69
1,695
1,387
105
37
67
4,713
126,643
104,215
28, 986
D
(D
)
( )
4,273
127, 770
104, 527
29, 236
(D)
(D)
5,445
129, 862
107, 412
29,569
D
(D
)
( )
5,492
4,981
134,660 129, 734
111, 516 106,918
30, 724 29, 629
D
(D
)
(D)
( )
(D)
266
278
239
50
170
283
266
240
50
168
267
269
244
52
172
303
286
257
47
182
280
275
245
50
173
663
(D)
22,444
6,988
9,436
694
(D)
22, 627
7,047
9,262
669
(D)
22,912
7,106
9,660
745
(D)
24,007
7,651
9,773
693
(D)
22,998
7,198
9,533
545
5,185
17, 423
5,662
7,353
577
4,972
17, 523
5,707
7,232
563
5,269
17, 701
5,747
7,553
622
5,298
18, 572
6,221
7,588
188
7
183
7
179
8
186
8
184
7
(D
)
(D)
(D)
(D)
(D)
(D)
(D
)
(D)
(D)
(D)
18,601
447
19,138
457
19,354
473
352
86
54
211
366
91
55
220
377
94
53
230
413
97
56
260
377
92
54
230
27, 141
5,932
3,862
17,347
27,516
5,854
3,850
17,812
27,895
5,974
3,839
18,081
28,636
6,203
3,926
18,507
27,797
5,991
3,869
17,937
21,258
4,526
3,083
13,649
21,520
4,436
3,101
13,984
21,952
4,516
3,080
14,356
1,715
1,730
1,746
1,864
1,764
131,356
132,043
135,307
104
104
102
104
103
7,437
7,479
7,536
1,611
-9
1,626
-9
1,644
-8
1,760
-9
1,661
-9
123,919
279
124,564
330
127,771
400
132, 433 127, 172
411
355
96,991
113
97,452
122
99,861
137
1,602
1,617
1,636
1,750
1,652
124, 198
124,894
128, 171
132,844 127, 527
97,105
97, 574
99,998 103,675
334
212
336
226
346
233
359
237
344
227
24,008
24,057
24,263
25, 269
24,968
25,807
18,911
18, 784
19, 118
19, 701
19, 674
20, 147
20,434
20,372
2,148
2,180
2,215
2,346
2,222
172,264
174, 427
178,946
III
IV
1,730
1,746
1,472
85
158
29
129
1,485
86
159
30
129
63
1,652
1,363
103
35
68
I
II
1,715
I
II
IV
I
II
III
IV
3,029
3,099
3,214
3,353
3,174
1
90, 152
5,871
9,373
2,130
7,244
2,711
130
188
37
151
2,771
134
193
40
153
2,863
138
213
57
156
2,998
144
211
53
158
2,836
136
202
47
155
2
3
4
5
6
3,378
3,891
3,058
3,833
3,540
99, 474 100,234 101, 954 105, 712 101,856
81, 594 81,822 83,835 87,082 83,583
23,001 23, 158 23,342 24,283 23,446
16, 103 16, 134 15,969 16, 665 16, 218
6,898
7,024
7,373
7,228
7,618
54
2,975
2,437
145
95
51
57
3,042
2,491
152
100
53
75
3,139
2,598
148
95
53
71
3,282
2,710
148
94
54
64
3,110
2,559
149
96
53
7
8
9
10
11
12
577
5,181
17,805
5,834
7,431
63
(D)
444
127
243
66
(D)
455
125
241
57
(D)
476
125
250
68
63
(D)
469
128
250
13
14
15
16
17
20, 121
486
19,304
466
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
18
19
22, 521
4,704
3,132
14,685
21,813
4,545
3,099
14,168
592
134
100
357
608
136
98
374
616
140
101
375
643
144
108
391
615
138
102
374
20
21
22
23
140, 152 134,715 102,852 103,342 105, 787 109,603 105,396
3,029
3,099
3,214
3,353
3,174
24
160
164
168
162
25
3,012
-68
26
27
IV
7,719
Annua
7,543
5,861
88,698
5,804
8,840
1,666
7,174
5,890
90,185
5,880
9,722
2,428
7,294
5,926
93,656
6,097
9,850
2,465
7,385
6,070
Annual
5,937
157
(D136
^
265
(D)
(D)
Annual Line
2,872
-64
2,939
-66
3,050
-70
3,185
-73
99,588
2,808
2,873
2,980
3,112
2,943
28
19, 534
19, 751
470
421
475
441
488
438
507
436
485
434
29
30
184, 914 177,638 134,800 136,393 139,819 144,482 138,874
3,699
3,788
3,907
4,055
3,862
31
25,947
26, 122
24,797
25,314
103,533 99,459
129
143
Tables 60-73.—-Preliminary Quarterly and
[Millions
Table 60.— Oregon
Item
Line
Table 61.— Washington
Table 62.— Alaska
I
II
III
IV
Annual
I
II
III
IV
Annual
I
II
III
IV
Annual
9,371
9,471
9,788
10, 192
9,706
16,104
16,132
16,518
17,004
16,439
3,107
3,405
3,718
3,905
3,534
Income by place of work
1 Total labor and proprietors' income *
By type
•
7,787
525
1,060
232
828
7,892
537
1,041
212
829
8,072
551
1,165
328
837
8,427
574
1,191
340
851
8,045
547
1,114
278
836
13,356
817
1,930
815
1,115
13,461
831
1,840
715
1,125
13,560
844
2,114
978
1,136
14,025
870
2,109
954
1,154
13,601
841
1,998
865
1,133
2,877
124
106
(L)
106
3,155
139
112
(L)
111
3,448
151
120
1
120
3,625
158
121
1
121
3,276
143
115
1
114
314
9,057
7,671
2,284
1,711
573
23
579
1,825
447
729
293
9,178
7,728
2,360
1,777
583
21
533
1,858
455
703
409
9,379
8,024
2,462
1,868
594
19
525
1,894
459
731
423
9,769
8,362
2,554
1,898
655
22
550
1,982
490
764
360
9,346
7,947
2,415
1,814
601
21
547
1,890
463
732
967
15, 137
12, 512
3,555
(D)
1,128
15,390
12,955
3,617
(DD)
( )
30
907
2,842
775
1,126
1,107
15,897
13,362
3,739
(D)
1,017
15, 422
12,829
3,619
(D)
%
928
2,752
752
1,112
864
15, 268
12, 488
3,565
(DD)
( )
30
920
2,791
760
1,085
(D)
33
948
2,950
803
1,157
(D)
3!
926
2,834
773
1,120
2
3,105
2,193
160
61
99
112
730
323
83
346
2
3,403
2,463
145
54
91
134
938
332
85
371
2
3,716
2,762
134
59
75
118
1,254
334
90
375
2
3,903
2,910
148
55
93
129
1,261
366
92
403
2
3,532
2,582
147
57
90
123
1,046
339
87
374
1,419
52
1,700
379
77
1,244
1,451
53
1,743
393
74
1,276
1,472
55
1,764
398
72
1,293
1,522
56
1,830
413
72
1,345
1,466
54
1,759
396
74
1,290
2,325
89
3,592
893
602
2,097
2,381
90
3,644
889
577
2,179
2,437
93
3,563
920
585
2,057
2,530
95
3,642
942
614
2,086
2,418
92
3,610
911
594
2,105
403
35
914
280
262
371
420
36
942
298
262
381
419
36
956
300
251
405
471
37
995
315
268
412
429
36
952
298
261
392
Total labor and proprietors' income by place of
work.
Less: Personal contributions for social insurance
by place of work.
9,371
9,471
9,788
10,192
9,706
16,104
16, 132
16,518
17,004
16,439
3,107
3,405
3,718
3,905
3,534
547
552
561
575
559
873
877
885
906
885
217
244
273
279
253
Net labor and proprietors' income by place of
work.
Plus: Residence adjustment _ .
8,824
8,919
9,227
9,617
9,147
15,231
15,255
15,633
16,098
15,554
2,890
3,161
3,445
3,626
3,281
-69
-66
-63
-67
-66
299
340
395
409
361
-434
-538
-687
-691
-587
8,756
8,853
9,164
9,550
9,081
15, 529
15,594
16,028
16,507
15, 915
2,456
2,623
2,759
2,935
2,693
29
30
Net labor and proprietors' income by place of
residence.
Plus: Dividends, interest, and rent.
Plus: Transfer payments
..-
1,754
1,840
1,771
1,948
1,822
1,984
1,898
2,006
1,811
1,945
2,873
3,011
2,900
3,180
2,984
3,238
3,108
3,307
2,966
3,184
175
213
177
219
182
237
190
247
181
229
31
Personal income by place of residence
12,350
12,572
12,970
13,455
12,837
21, 414
21, 674
22,250
22, 922
22,065
2,844
3,018
3,178
3,372
3,103
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Wage and salary disbursements
Other labor income
Proprietors' income
Farm
Nonfarm ._
By industry
Farm
Nonfarm
Private
Manufacturing
_
Durables .
Nondurables
Mining
. .Contract construction _ _
.
Wholesale and retail trade
Finance, insurance, and real estate .
Transportation, communication, and public
utilities.
Services _. .
Other industries
Government
Federal civilian
Federal, military. .
State and local
Derivation of personal income by place of
residence
24
25
26
27
28
Item
Line
Table 67.— West North Central census
region
Annual
Table 68.— South Atlantic census region
Annual
I
II
III
IV
70,374
71,333
74,710
75,965
73,095 133,815 134,162 139,284 143,440 137,675
54,400
3,819
12, 156
6,927
5,229
54,768
3,887
12,677
7,414
5,264
55,590
3,950
15, 170
9,834
5,336
7,547
62, 827
59,008
15, 547
(DD)
( )
585
(D)
12, 677
3,390
5,507
I
II
III
Table 69.— East South Central census
region
I
II
III
IV
45,759
45,854
47,830
49,246
47, 172
57,467
4,071
14,427
9,005
5,422
55.556 114,857 115,583 119,609 123,112 118,290 38,231 38,224
7, 675
3,932
7,347
7,070 7,200 7,442
2,860 2,882
13,607 11,888 11,379 12, 233 12,653 12,038 4,668 4,748
8,295 3,343 2,799
3,554 3,876 3,393
1,104
1,038
8,645 3,630 3,643
8,580 8,679 8,777
5,313 8,545
39,746
2,999
5,085
1,394
3,691
41, 178
3,095
4,974
1,226
3,748
39,345
2,959
4,869
1,191
3,678
8,022 10, 447
63,311 64, 263
59, 722 63,209
15,520
15,720
(DD)
(DD)
( )
( )
592
612
(D)
(D)
12, 842 13, 104
3,441 3,508
5,489
5,610
9,627
66,338
64,068
16,315
(DD)
( )
629
(D)
13,365
3,451
5,855
4,327 4,661 4,169
8,911 4,123 3,565
64, 184 129, 692 130, 597 134, 957 138, 779 133, 506
61, 501 101, 796 101, 457 105, 495 108, 603 104,338
15, 776 26, 317 26, 761 28, 404 29,630 27, 778
11,706 11, 694 12,063 12, 407 11,967
(D)
14, 611 15,067 16,341 17, 223 15, 810
(D)
1,598
1,675
1,830
1,937
1,760
604
8,852 8,341 8,354 8,308 8,464
(D)
12, 997 22,334 22, 264 22, 703 23,095 22, 599
7,122
7,337
7,003 7,021 7,126
3,447
9,645 9,962
9,592
5,615
9,326 9,436
(DD)
( )
11,366
2,443
1,211
7,712
(DD)
( )
11,611
2,486
1,186
7,938
(DD)
( )
11, 501
2,491
1,190
7,819
(DD)
( )
11, 897
2,589
1,268
8,039
(DD)
( )
11, 594
2,503
1,214
7,877
Total labor and proprietors' income by place of 70,374
work.
Less: Personal contributions for social insurance
3,643
by place of work.
Net labor and proprietors' income by place of work. 66, 731
-555
Plus: Residence adjustment
71,333
74,710
75, 965
73,095 133,815 134, 162 139,284 143, 440 137,675
3,650
3,693
3,783
67,683
-564
71, 017
-573
66, 177
67, 118
70, 445
29
30
Net labor and proprietors' income by place of
residence.
Plus: Dividends, interest, and rent
Plus: Transfer payments
13,607
11, 576
13, 721
12,589
31
Personal income by place of residence
91,360
93,428
IV
Annual
Income by place of work
1 Total labor and proprietors' income *.
By type
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Wage and salary disbursements...
Other labor income
Proprietors' income
Farm
...
Nonfarm
By industry
Farm.
Nonfarm
Private
M anuf acturing
Durables _ .
N ondurables
Mining.
Contract construction
Wholesale and retail trade
Finance insurance and real estate
Transportation, communication, and public
utilities.
Services .
Other industries
Government..
Federal, civilian
Federal, military
State and local
21, 629
536
32,019
11, 177
5,914
14,928
21,923
548
32,705
11, 548
5,867
15, 289
22, 539
567
33,789
11, 629
5,957
16, 202
23,092
582
34,837
12, 272
6,110
16,456
22, 296
558
33,337
11, 656
5,962
15, 719
1,384
44, 375
37, 110
12, 572
(DD)
( )
1,177
2,957
7,529
1,991
2,987
1,444
44,410
37, 100
12, 577
(DD)
( )
1,168
2,832
7,576
1,979
2,981
1,737
46,093
38, 763
13,321
(DD)
( )
1,286
2,869
7,737
2,000
3,063
1,574
47, 672
39, 793
13, 927
(DD)
( )
1,315
2,965
7,859
2,001
3,182
1,535
45, 637
38, 191
13,100
(DD)
( )
1,237
2,906
7,675
1,993
3,053
6,382
131
8,649
2,514
1,346
4,789
6,409
133
8,754
2,510
1,314
4,930
6,612
138
9,067
2,603
1,311
5,154
6,828
141
9,453
2,718
1,384
5,351
6,558
136
8,981
2,586
1,339
5,056
47,172
Derivation of personal income by place of
residence
24
25
26
27
28
45, 759
45,854
47,830
49,246
7,523
2,569
2,559
2,638
2,703
2,617
72, 182
-598
69,403 126, 437 126, 779 131, 710 135, 681 130, 152
-215
-191
-184
-177
-188
-573
43, 190
167
43, 295
183
45,192
177
46, 543
188
44, 555
179
71,583
68,831 126,253 126, 601 131, 521 135, 467 129, 961
43,357
43, 478
45,369
46,732
44, 734
14,106
12,840
14, 677
13,066
14,028 24, 731
12,518 25,227
25, 497
26, 749
6,897
9,266
6,957
10,098
7,152
10,091
7,434
10,212
7,110
9,917
97,391
99,326
95,376 176, 211 178, 629 184,251 189, 737 182, 207
59, 519
60,532
62,612
64,378
61,760
D Not shown to avoid disclosure of confidential information. Data are included in totals.
1. Consists of wage and salary disbursements, other labor income, and proprietors' income.
2. Less than $500,000.
3,692
7,378
7,383
24,973
27,055
7,574
25, 678
27,052
7,759
26, 607
27,664
NOTE.—Details may not add to totals because of rounding. Quarters are seasonally adjusted at annual rates.
Annual Income by Major Sources, 1975
of dollars]
II
III
4,343
51,695
51,696
53, 126
54,008
52,631 171,703 173, 194
76,912 179,358 175,292 187, 106 189,762 197,067 202,600 194,134
1
3,950
194
285
39
246
3,875
189
278
34
244
44, 746
3,147
3,802
44, 767
3,157
3,773
45, 967
3,230
3,929
46,789
3,285
3,934
327
3,608
45, 567 149, 464 150,830
3,204 10,353 10, 530
3,860 11,885 11,834
53, 953 156,021 152, 567 157, 144 159, 111 163, 573 168,739 162, 142
10, 752 10,917 10,638 14, 421 14, 911 15,468 16,007 15, 202
12,208 12, 419 12,086 15, 541 15, 740 18,026 17, 854 16, 790
822
906
746
4,382
4,287
6,563
6,262
5,374
11,386 11, 513 11,341 11, 253 11,358 11, 463 11, 591 11,416
2
3
4
5
6
111
105
4,238
2,857
271
69
203
(2)
428
675
272
373
917
398
1,020
52,233 170, 683 172, 277
44, 168 143,450 144,221
15, 765 47, 394 47,357
10, 580 28,638 28, 407
5,185 18,756 18,950
7
8
3,316
3,120
448
53, 560
45,384
16, 230
10, 731
5,500
45
2,529
8,944
3,458
3,214
III
IV
4,298
4,315
4,329
4,429
3,841
185
272
31
241
3,857
188
270
27
243
3,853
191
284
39
246
103
4,195
2,826
273
69
204
2
()
437
665
264
361
98
4,217
2,820
269
68
201
2
()
433
667
265
363
110
4,219
2,874
267
66
200
(2)
434
673
272
383
4,318
2,905
276
71
206
(2)
409
693
287
383
Annual
195
3,578
281
3,521
313
51,383
43,269
15, 266
10, 318
4,948
43
2,855
8,588
3,292
3,093
401
51,294
43, 455
15, 720
10, 751
4,969
714
18
37
2,724
8,458
3,312
3,078
309
3,620
428
52, 698
44, 565
15,843
10, 521
5,322
41
2,867
8,776
IV
1,455
1,524
1,486
406
570
519
411
540
504
432
562
530
411
558
517
9,523
201
8,240
1,595
696
5,949
9,615
1,495
204
8,427
1,579
695
6,153
9,963
210
8,561
1,640
691
6,231
10,300
215
8,624
1,668
714
6,242
4,298
4,315
4,329
4,429
4,343
51, 695
51, 696
53, 126
54, 008
229
2,757
2,742
2,796
2,864
4,113
48, 938
48, 954
50, 330
51, 144
970
990
1,009
1,015
395
561
516
726
19
717
18
707
18
228
227
228
234
4,070
4,088
4,100
4,195
I
Annual
1,472
705
17
Line
I
II
I
Table 66.— East North Central
census region
Table 65.— Middle Atlantic census region
Table 64. — New England census region
Table 63.— Hawaii
278
676
11,210
3,581
42
2,744
8,692
3,345
9,850
208
8,463
1,620
699
6,144
579
11, 255
III
IV
I
Annual
II
III
IV
Annual
8,101
28,376
12, 117
13,679
28, 799
12, 461
13,602
1,163
4,862
1,253
1,088
4,947
7,133
5,946
6,840
75, 749 178, 105 174, 204 182, 244 184,815 189, 934 195, 760 188, 188
47, 643 150, 117 146,358 L61, 133 163,305 170,325 174, 900 167, 416
48,376 49, 351 48, 120 67, 754 68,453 71,297 74,258 70,441
28, 734 29,343 28, 781
(DD)
(D)
(DD)
(DD)
(DD)
19, 642 20,008 19, 339
( )
(D)
( )
( )
( )
1,139
1,135
1,066
1,233
1,355
1,233
1,380
1,300
7,485
7,397
7,632
9,420
9,433
9,267
9,251
9,343
29,463 29, 853 29, 123 30, 446 31,006 31,813 32,450 31, 429
12, 642 12,925 12, 536
8,446
8,714
8,663
8,988
8,703
14, 049 14,361 13, 923 12, 214 12,320 12, 657 13,059 12, 562
31, 342
32, 117
32, 877
28, 253
5,316
1,222
21, 715
28, 973
5,249
1,223
22, 501
29, 269
5,399
1,238
22, 632
997
3,126
II
991
7,545
33,382
460
29, 241
5,472
1,289
22, 479
32, 429
9
10
11
12
13
14
15
16
17
26, 718
4,567
1,432
20, 718
18
19
20
21
22
23
52, 631 171, 703 173, 194 176, 912 179, 358 175, 292 187, 106 189, 762 197, 067 202, 600 194, 134
24
425
2,790
434
449
9,465
9,695
26,380
376
442
28, 934
5,359
1,243
22,332
25, 973
4,524
1,434
20, 014
26,867
383
27, 695
28, 270
26, 742
4,571
1,398
20, 773
27, 700
4,685
1,468
21, 547
395
26, 457
4,490
1,429
20, 538
404
27,303
389
9,822
25
49, 841 162, 404 163, 856 167, 447 169, 663 165, 843 177, 525 180, 081 187, 174 192, 466 184, 312
26
9,299
996
-909
9,338
-919
-936
-929
9,449
9,581
447
-923
9,893
9,681
424
10, 134
443
468
446
27
28
4,070
4,088
4,100
4,195
4,113
49, 908
49, 945
51, 338
52, 158
50, 837 161, 495 162, 937 166, 511 168, 734 164, 919 177, 972 180,505 187, 617 192, 934 184, 757
719
573
726
616
747
635
775
654
742
620
11, 735
10, 506
11, 870
11, 365
12, 215
11, 606
12, 652
11, 667
12, 118
11, 286
34, 314
32, 186
29
30
5,362
5,430
5,482
5,625
5,475
72, 148
73, 179
75, 159
76,478
74, 241 230, 785 234, 869 240, 329 244, 473 237, 614 241, 066 246, 275 255, 224 262,465 251,257
31
35, 819
33, 472
36, 230
35, 702
38,669
37, 070
37, 288
36, 530
37, 001
35, 693
Table 71.— Mountain census region
Table 70.— West South Central census region
33, 266
29, 828
33, 589
32, 181
34, 545
33, 063
35, 857
33, 674
Table 72.— Pacific census region
Line
II
III
IV
81,647
38,686
38,920
40,525
42,010
40,035
70, 623
5,025
9,189
2,752
6,437
67, 901
4,829
8,917
2,589
6,329
32,542
1,910
4,233
1,648
2,585
32, 808
1,946
4,166
1,571
2,595
33, 602
1,982
4,941
2,311
2,630
35, 100
2,057
4,854
2,182
2,672
3,279
81, 559
69, 433
16,856
9,066
7,791
4,027
5,707
15, 694
4,258
6,701
3,110
78, 537
66, 925
16,001
8,675
7,326
3,771
5,652
15, 169
4,186
6,506
2,101
36, 585
29, 880
5,104
2,015
36, 905
29, 951
5,119
2,759
37, 766
31, 392
5,238
2,637
39,373
32, 444
5,389
III
IV
79,350
79,947
82,455
84,838
65, 919
4,649
8,783
2,527
6,256
66, 697
4,764
8,486
2,212
6,274
68, 362
4,880
9,212
2,864
6,348
2,726
77, 221
65, 438
15, 622
8,496
7,126
3,784
5,522
14, 929
4,151
6,394
3,383
79, 072
67, 668
16, 145
8,721
7,424
3,777
5,560
15,318
4,236
6,556
3,051
76, 299
65, 163
15,381
8,418
6,963
3,498
5,821
14, 736
4,101
6,371
Annual
I
II
I
Annual
I
II
III
IV
Annual
135,732
136,665
140,140
145,133
139,417
1
33, 513
1,974
4,549
1,928
2,621
115, 931
7,352
12, 449
3,037
9,412
117, 063
7,500
12, 103
2,620
9,482
119, 118
7,616
13, 405
3,773
9,632
123, 683
7,894
13, 556
3,799
9,757
118, 949
7,590
12, 878
3,307
9,571
2
3
4
5
6
2,378
37, 657
30, 917
5,212
4,763
130, 969
106, 798
29, 273
5,482
134,658
110, 451
29, 822
(DD)
( )
730
8,388
23, 444
7,343
10, 167
5,534
139,599
114, 620
31,000
(DD)
( )
807
8,465
24, 564
7,893
10,295
5,023
134,394
109, 797
29, 898
(DD)
( )
753
8,127
23, 542
7,429
10,029
7
8
9
10
11
12
13
14
15
16
17
(DD)
( )
(D)
(D)
(DD)
( )
(DD)
( )
(DD)
( )
(D)
6,575
(D)
6,675
(D)
6,833
(D)
7,079
(D)
1,910
2,961
1,913
2,975
7,859
22, 989
7,208
9,900
4,314
132,351
107,320
29, 498
(DD)
( )
762
7,796
23, 170
7,272
9,755
(D)
(D)
1,422
5,317
9,118
2,690
1,369
5,060
23,454
641
28,934
6,473
4,584
17,877
24,098
654
29,345
6,423
4,584
18,339
24,399
676
29,689
6,545
4,528
18,615
25, 370
692
30,513
6,806
4,648
19,058
24,330
666
29,620
6,562
4,586
18, 472
18
19
20
21
22
23
1,617
11,900
305
14, 187
3,452
2,775
7,960
12,000
310
14,509
3,562
2,789
8,157
12,373
320
14, 787
3,542
2,735
8,510
12,585
327
15, 405
3,741
2,844
8,820
12,215
316
14, 722
3,574
2,786
8,362
(DD)
79, 350
79,947
82,455
84,838
4,178
4,212
4,284
4,388
75, 172
75, 735
78, 171
1,671
1,657
1,951
3,038
(DD)
1,782
2,010
3,191
1,682
6,791
1,946
3,041
(DD)
( )
712
( )
8,806
2,606
(DD)
( )
8,969
2,659
1,355
4,844
1,359
4,952
9,133
2,668
1,340
5,125
81, 647
38, 686
38,920
40,525
42,010
40,035
135, 732
136, 665
140,140
145, 133
139, 417
24
4,265
2,099
2,107
2,141
2,193
2,135
7,725
7,790
7,872
8,064
7,863
25
36, 587
36, 813
-74
38,384
-77
39,817
-83
37,900
-76
128,007
-91
128,875
-142
132,268
-218
137,069
-207
131,554
-164
26
27
( )
(D)
(D)
9,566
2,827
280
362
80,450
361
77,382
307
75, 399
76,014
78, 533
80,810
77, 689
36, 515
36,740
38,308
39, 735
37,824
127, 916
128,733
132,050
136,863
131, 390
28
14, 441
13, 197
14, 552
14, 190
14, 956
14,373
15,566
14,645
14, 879
14, 101
7,069
6,282
7,136
6,742
7,339
6,869
7,628
6,974
7,293
6,717
24, 432
24, 422
24,692
25,663
25,409
26, 241
26,406
26,587
25,235
25, 728
29
30
103,036
104, 756
107, 862
111,021
106,669
49,867
50,617
52, 516
54,337
51,834
176,770
179,088
183, 699
189, 856
182,353
31
226
-71
BY JOHN C. MUSGRAVE
Fixed Nonresidential Business and Residential Capital in
the United States, 1925-75
XHIS article presents revised and
extended estimates of the Nation's
stock of fixed nonresidential business
capital, by major industry group, and of
residential capital, by tenure group, for
1925-75. It also presents new estimates
of both kinds of capital by legal form of
organization. A brief explanation of the
derivation of the estimates is provided.
The estimates are based on the gross
fixed investment flows that are a part
of the national income and product
accounts (NIPA's) as reworked in the
recently completed benchmark revision.
BEA will publish the capital stock
estimates in greater detail in a separate
volume.
These estimates are part of a BEA
project to measure the Nation's tangible
wealth. Estimates of the stock of
business inventories were reworked in
the course of the benchmark revision,
and for certain quarters are shown in
table 7 of the regular National Income
and Product tables. Additional detail
on inventories will be published in an
article in the SURVEY OF CURRENT
Table 1.—Current-Dollar Gross Stocks of Fixed Nonresidential Business Capital, by Major Industry Group and Legal Form of Organization)
1925-75
[Billions of dollars]
By major industry group
Total
Farm
Manufacturing
By legal form of organization
Corporate
Nonfarm nonmanufacturing
End of
year
Total
Noncorporate
Nonflnancial
EquipEquipEquipEquipEquipEquipment Equip- Struc- ment Equip- Struc- ment Equip- Struc- ment Equip- Struc- ment Equip- Struc- ment Equip- Strucand
and
and
and
ment tures
ment tures
ment tures
ment tures
and
ment tures
ment tures
and
strucstrucstrucstrucstrucstructures
tures
tures
tures
tures
tures
Equipment Equip- Strucand
ment tures
structures
1925....
1926....
1927....
1928....
1929....
1930....
1931....
1932....
1933....
1934....
155.7
159.4
162.5
165.9
166.4
159.4
145.6
134.6
134.5
136.7
54.5
56.5
57.9
60.0
61.5
59.4
55.7
52.0
51.1
51.4
101.2
103.0
104.6
105.9
104.9
100.0
90.0
82.6
83.4
85.3
14.9
15.0
15.0
15.2
15.1
14.2
12.9
11.8
11.7
11.6
6.5
6.7
6.8
7.2
7.4
7.4
7.2
6.9
6.6
6.3
8.4
8.3
8.2
8.0
7.6
6.8
5.7
5.0
5.1
5.3
32.1
33.0
33.7
20.5
20.9
21.2
21.7
21.8
20.0
17.1
15.1
15.7
16.6
108.7
111.5
113.8
115.8
116.1
112.4
103.9
96.7
96.0
97.2
36.4
37.7
38.6
39.7
40.6
39.1
36.7
34.2
33.5
33.8
72.3
73.8
38.9
40.2
41.0
42.1
42.9
41.2
38.5
35.9
35.4
36.0
81.0
82.1
83.0
82.3
78.9
71 5
66.0
66.3
67.5
116.5
119.0
120.8
122.8
122.9
117.9
108.0
100.0
99.9
101.6
38.3
39.6
40.4
41.5
42.3
40.5
37.9
35.4
34.9
35.5
78.1
79.4
80.5
81.3
80.6
77.3
70.1
64.7
65.0
66.1
37.1
38.3
39.4
40.8
41.1
39.3
35.6
32.7
32.8
33.2
15.7
16.3
16.9
17.9
18.6
18.2
17.2
16.1
15.7
15.4
21.5
75.2
76.1
75.5
73.2
67.2
62.5
62.6
63.4
118.6
121.2
123.1
125.1
125.3
120.1
110.0
101.9
101.7
103.5
79.7
34.9
35.3
32.8
28.9
26.0
26.8
28.0
11.6
12.1
12.4
13.1
13.5
12.8
11.8
11.0
11.1
11.4
1935....
1936....
1937....
1938....
1939... .
1940....
1941
1942....
1943....
1944....
137.0
144.1
150.7
148.0
148.3
156.2
173.3
187.0
190.7
193.6
50.8
52.3
55.0
54.7
55.0
58.1
64.8
68.1
69.1
71.2
86.2
91.8
95.7
93.3
93.3
98.1
108.5
118.9
121.6
122.4
11.5
12.2
12.8
12.7
12.8
13.4
15.2
16.6
16.9
17.4
6.1
6.3
6.8
6.9
7.0
7.3
8.6
9.4
9.5
10.0
5.4
5.8
6.0
5.8
5.8
6.1
6.7
7.3
7.4
7.4
28.1
30.4
32.3
31.7
32.0
34.4
38.7
41.6
42.0
42.4
11.2
11.8
12.6
12.5
12.7
13.7
15.0
15.5
15.8
16.4
16.9
18.6
19.7
19.2
19.3
20.8
23.7
26.1
26.3
26.0
97.4
101.6
105.6
103.5
103.5
108.4
119.4
128.8
131.7
133.9
33.5
34.2
35.6
35.3
35.3
37.1
41.2
43.3
43.8
44.8
63.9
67.4
69.9
68.2
68.2
71.3
78.2
85.5
87.9
89.0
103.7
108.6
113.2
110.9
110.9
116.5
128.4
138.3
141.1
143.2
35.7
36.7
38.6
38.3
38.4
40.6
44.7
46.9
47.6
48.9
68.0
71.8
74.6
72.6
72.5
75.9
83.7
91.4
93.5
94.3
101.8
106.5
111.0
108.8
108.8
114.3
125.9
135.7
138.5
140.7
35.2
36.2
38.0
37.7
37.9
40.0
44.0
46.2
47.0
48.4
66.6
70.3
73.0
71.1
70.9
74.3
81.9
89.4
91.5
92.3
33.3
35.5
37.5
37.1
37.4
39.7
44.9
48.7
49.5
50.4
15.0
15.5
16.5
16.4
16.6
17.5
20.1
21.3
21.5
22.3
18.2
20.0
21.1
20.7
20.8
22.2
24.8
27.4
28.1
28.1
1945....
1946....
1947... .
1948
1949....
1950. ...
1951....
1952....
1953....
1954....
208.6
245.9
294.6
325.4
341.4
376.5
416.0
440.6
461.9
482.5
76.6
89.6
111.7
130.2
143.7
163.6
184.2
198.4
213.2
226.9
132.0
156.3
182.9
195.2
197.7
212.9
231.7
242.2
248.7
255.6
18.3
21.2
25.5
29.1
31.8
35.8
40.1
42.5
44.2
45.5
10.2
11.0
13.3
16.1
18.6
21.5
24.4
26.2
27.8
28.9
8.1
10.2
12.3
13.1
13.1
14.3
15.7
16.3
16.4
16.6
47.4
60.0
74.1
82.2
85.8
95.0
106.3
112.4
117.0
122.6
18.4
22.1
27.6
32.5
36.3
42.0
48.3
52.8
57.3
62.5
29.0
37.9
46.5
49.7
49.5
53.0
58.0
59.6
59.6
60.1
142.9
164.7
195.0
214.0
223.8
245.7
269.6
285.7
300.7
314.3
48.0
56.5
70.9
81.6
88.7
100.1
111.5
119.4
128.1
135.5
94.9
108.2
124.1
132.4
135.1
145.6
158.1
166.3
172.7
178.9
154.5
181.3
216.2
238.3
249.5
273.6
301.0
319.1
335.4
350.9
53.3
62.8
78.2
90.7
99.7
113.5
127.9
138.4
149.5
160.4
101.2
118.5
138.1
147.6
149.8
160.1
173.0
180.8
185.9
190.6
151.8
178.1
212.4
234.3
245.4
269.1
296.0
313.9
330.1
345.3
52.8
62.2
77.4
89.7
98.5
112.1
126.4
136.6
147.7
158.3
99.0
115.9
135.1
144.6
146.9
157.0
169.6
177.2
182.4
186.9
54.1
64.6
78.3
87.1
91.9
102.9
115.0
121.5
126.5
131.5
23.3
26.8
33.5
39.5
44.0
50.2
56.3
60.0
63.7
66.5
30.8
37.8
44.8
47.6
47.9
52.7
58.7
61.4
62.8
65.0
1955....
1956....
1957... .
1958... .
1959....
I960....
1961....
1962....
1963...
1964...
525.1
578.9
617.5
639.1
661.2
680.6
698.1
721.1
747.3
782.7
249.2
276.9
300.6
314.3
326.9
336.6
344.1
353.4
365.2
382.7
275.9
302.1
316.9
324.7
334.3
343.9
354.1
367.6
382.1
400.0
48.2
51.1
52.9
54.2
55.5
55.9
56.8
58.3
60.5
62.7
30.5
32.0
33.4
34.8
35.7
35.7
36.1
36.6
37.8
38.9
17.7
19.1
19.5
19.4
19.8
20.2
20.8
21.7
22.7
23.8
134.6
150.1
159.9
163.9
167.4
171.0
174.5
179.0
184.8
192.6
69.8
79.8
87.6
91.5
94.9
97.7
99.6
101.7
104.7
109.8
64.8
70.4
72.3
72.4
72.5
73.4
74.9
77.3
80.1
82.8
342.2
377.7
404.7
420.9
438.3
453.6
466.8
483.7
502.1
527.5
148.9
165.1
179.6
188.0
196.3
203.3
208.4
215.1
222.8
234.0
193.4
212.5
225.0
232.9
242.0
250.3
258.4
268.6
279.3
293.5
382.5
423.0
453.1
469.8
486.4
500.4
512.4
527.9
545.2
570.2
178.0
200.5
219.9
230.9
241.7
250.7
257.7
266.2
276.0
290.8
204.5
222.6
233.2
238.8
244.7
249.7
254.7
261.7
269.2
279.4
376.1
416.0
445.6
462.0
478.0
491.8
503.3
518.4
534.9
558.7
175.6
197.8
217.0
227.8
238.2
246.9
253.7
262.1
271.6
285.8
200.5
218.2
228.6
234.2
239.9
244.8
249.5
256.3
263.3
272.8
142.6
155.9
164.4
169.3
174.9
180.2
185.8
193.2
202.1
212.6
71.2
76.4
80.7
83.4
85.2
86.0
86.4
87.3
89.2
91.9
71.4
79.5
83.7
85.9
89.6
94.2
99.3
105.9
112.9
120.7
408.4
837.7
429.4
910.7
444.3 466.5
987.9
482.0 505.9
,087.1 525.5
561.6
,213.4
578.7
634.7
,339.0 632.4
706.6
, 452. 5
678 7
773.7
,582.7
726.4
856.4
812.1
, 771. 2
959.2
2,021.8
930.1 1,091.7
2,276.7 1,068.9 1,207.8
66.0
70.5
75.7
82.0
89.7
97.6
104.4
112.0
126.0
146.7
165.7
40.7
43.3
46.3
49.4
53.0
57.1
60.5
64.0
72.1
85.3
90.5
25.3
27.3
29.4
32.6
36.7
40.6
44.0
48.0
53.8
61.4
75.2
205.9
224.8
244.3
266.6
295.3
321.6
341.5
364.0
402.6
456.8
511.2
118.2
129.8
141.8
153.4
167.6
181.7
192.3
203.4
226.1
259.4
294.0
87.8
94.9
102.5
113.3
127.7
139.9
149.3
160.6
176.5
197.4
217.2
565.8
615.4
667.9
738.5
828.4
919.8
1, 006. 5
1, 106. 7
1,242.7
1, 418. 3
1, 599. 8
249.5
271.2
294.0
322.7
358.1
393.6
426.0
459.0
513.9
585.4
684.3
316.3
344.3
373.9
415.8
470.3
526.2
580.5
647.8
728.8
832.9
915.5
609.9
663.2
720.4
791.8
882.5
974.0
1, 058. 2
1, 153. 7
1,291.0
1,474.7
1, 664. 2
312.4
342.2
373.4
409.2
453.1
497.1
536.5
577.1
647.3
742.0
861.4
297.5
321.0
347.0
382.7
429.4
477.0
521.8
576.6
643.8
732.7
802.8
596.6
647.6
702.0
769.5
855.1
941.3
1, 019. 7
1, 108. 5
1,237.4
1,410.8
1,590.5
306.6
335.4
365.2
399.3
441.1
482.8
519.6
557.6
624.1
714.5
828.5
290.0
312.2
336.8
370.2
414.0
458.5
500.1
551.0
613.3
696.3
762.0
227.8
247.5
267.5
295.3
330.9
365.0
394.2
429.0
480.2
547.1
612.5
96.0
102.0
108.6
116.4
125.6
135.4
142.3
149.2
164.8
188.1
207.5
131.8
145.5
158.9
178.9
205.3
229.6
251.9
279.8
315.4
359.0
405.0
1965...
1966...
1967...
1968. ._
1969...
1970. 1971...
1972...
1973...
1974...
1975...
NOTE.—Capital stock estimates are based on straight-line depreciation and .85F service lives.
46
22.0
22.5
22.9
22.6
21.1
18.4
16.6
17.1
17.8
April 1976
SUEVEY OF CUKRENT BUSINESS
47
BUSINESS. Estimates of stocks of conDerivation of the Estimates
government purchases of goods and
sumer durable goods are being prepared.
services component of GNP.1 For the
Gross investment flows and capital years before 1929, the flows are derived
Work on stocks of nonresidential gov- stocks
from data from various public and
ernment-owned capital has begun, and
private
sources.
The
stock
estimates
are
derived
by
research on the land component of
the
perpetual
inventory
method,
which
The
GNP investment flows are
national wealth is planned.
starts with investment flows and calcu- modified and supplemented. The modiTables 1 and 2 show the estimates of lates gross capital stock for any given fication relates to the valuation of
gross and net stocks of fixed nonresi- yearend by cumulating past investment purchases of used assets from another
dential business capital in current flows and deducting discards. The in- sector; these consist primarily of busidollars; tables 3 and 4 show these vestment flows used for the years since ness purchases of government surplus
stocks in constant (1972) dollars. Tables 1929 are: (1) the nonresidential and assets. Intersector transfers of used
5 through 8 provide the corresponding residential fixed investment that are assets other than government surplus
included in the gross private domestic assets are valued in gross stocks at
estimates of residential capital.
investment component of GNP, and
1. For definitions underlying these series, see "The NaIncome and Product Accounts of the United States:
NOTE.—Gerald Silverstein assisted in pre- (2) the government purchases of resi- tional
Revised Estimates, 1929-74," SURVEY OF CURRENT BUSIdential
capital
that
are
included
in
the
paring these estimates.
NESS, Part I, January 1976.
Table 2.—Current-Dollar Net Stocks of Fixed Nonresidential Business Capital, by Major Industry Group and Legal Form of
Organization, 1925-75
[Billions of dollars]
By major industry group
Total
Farm
By legal form of organization
Corporate
Nonfarm nonmanufacturing
Manufacturing
End of
year
Total
Noncorporate
Nonfinancial
EquipEquipEquipEquipEquipEquipEquipment Equip- Struc- ment Equip- Struc- ment Equip- Struc- ment Equip- Struc- ment Equip- Struc- ment Equip- Struc- ment Equip- Strucand
and ment tures
ment
tures
and
ment
tures
and
ment tures
and
tures
ment
tures
and
ment
and ment tures
strucstrucstrucstrucstrucstrucstructures
tures
tures
tures
tures
tures
tures
82.2
84.5
53.0
20.0
4.1
4.0
4.0
3.8
3.6
3.2
2.6
2.2
2.2
2.2
17.4
17.9
18.4
19.1
19.5
18.0
15.4
13.4
13.4
13.6
6.2
6.5
6.7
7.0
7.3
6.8
6.1
5.4
5.2
5.2
11.4
11.7
12.0
12.3
11.2
9.3
8.0
8.2
8.4
57.7
59.4
60.8
61.9
62.3
59.9
54.2
48.9
47.2
46.7
19.9
20.6
20.9
21.4
21.9
20.7
18.7
16.5
15.3
15.0
37.8
38.8
39.8
40.5
40.4
39.2
35.6
32.4
31.8
31.7
62.2
63.7
64.7
65.8
66.3
63.1
56.5
50.6
49.2
48.9
20.9
21.6
21.8
22.3
22.8
21.5
19.4
17.2
16.2
16.0
41.3
42.1
42.8
43.5
43.5
41.6
37.1
33.5
32.9
32.9
61.0
62.4
63.4
64.5
64.9
61.8
55.3
49.6
48.2
47.9
20.6
21.3
21.5
22.0
22.4
21.1
19.1
16.9
16.0
15.8
40.3
41.1
41.8
42.5
42.4
40.7
36.3
32.7
32.2
32.1
20.9
21.7
22.5
22.8
21.6
19.1
16.9
16.3
16.3
8.3
8.7
9.0
9.6
10.0
9.6
8.7
7.7
7.1
6.8
11.7
12.2
7.3
6.8
5.9
5.3
5.0
4.8
3.1
3.2
3.3
3.5
3.7
3.6
3.3
3.0
2.8
2.6
42.1
44.3
45.9
44.3
43.8
45.8
50.6
54.7
54.8
54.3
4.8
5.2
5.7
5.6
5.7
6.0
6.8
7.3
7.2
7.5
2.6
2.8
3.2
3.3
3.3
3.5
4.2
4.4
4.3
4.6
2.2
2.4
2.5
2.4
2.3
2.4
2.6
2.8
2.9
2.9
13.5
14.5
15.6
15.2
15.3
16.7
19.2
20.5
20.5
20.5
5.1
5.5
6.0
6.0
6.2
6.9
7.8
8.2
8.4
8.9
8.4
9.1
9.6
9.2
9.1
9.8
11.4
12.3
12.1
11.6
46.2
48.2
50.4
49.1
49.0
51.8
57.7
61.2
61.3
61.4
14.7
15.3
16.6
16.4
16.6
18.1
21.0
21.6
21.4
21.6
31.5
32.8
33.8
32.7
32.4
33.6
36.7
39.6
39.9
39.8
48.3
50.5
53.0
51.5
51.4
54.4
61.0
65.0
65.3
65.7
15.7
16.5
17.9
17.7
18.0
19.7
22.7
23.6
23.8
24.5
32.5
34.0
35.1
33.8
33.4
34.8
38.3
41.4
41.5
41.2
47.3
49.4
51.9
50.5
50.3
53.4
59.8
63.8
64.2
64.7
15.5
16.2
17.6
17.5
17.7
19.4
22.3
23.3
23.5
24.3
31.8
33.2
34.3
33.0
32.6
34.0
37.5
40.5
40.7
40.4
16.2
17.5
18.7
18.4
18.6
19.9
22.8
24.0
23.7
23.7
6.7
7.2
7.9
8.0
8.1
8.9
10.5
10.6
10.3
10.6
9.5
10.3
10.8
10.5
10.5
11.1
12.3
13.4
13.4
13.1
38.9
47.5
63.1
76.5
85.0
96.9
108.2
114.7
121.6
127.1
58.2
70.8
84.6
92.2
95.0
104.1
115.7
122.9
128.5
134.3
8.1
9.8
12.7
15.5
17.6
20.2
22.8
23.9
24.7
25.1
4.9
5.4
7.1
9.2
11.0
12.8
14.4
15.0
15.5
15.6
3.2
4.4
5.6
6.3
6.6
7.4
8.4
9.0
9.2
9.5
23.4
31.3
40.2
45.7
47.8
52.6
58.9
62.2
64.5
67.3
10.4
12.9
16.8
20.2
22.3
25.3
28.7
30.9
33.0
35.5
13.0
18.4
23.4
25.6
25.6
27.4
30.2
31.3
31.5
31.8
65.5
77.2
94.8
107.5
114.5
128.2
142.2
151.4
160.9
169.0
23.6
29.2
39.2
47.1
51.7
58.8
65.1
68.8
73.1
76.0
41.9
48.0
55.6
60.4
62.8
69.4
77.1
82.6
87.8
93.0
71.5
86.7
107.6
122.3
129.8
143.8
159.5
169.8
179.6
188.2
27.5
33.8
44.5
53.5
58.9
67.0
75.2
80.3
86.0
90.9
44.0
52.9
63.1
68.9
70.9
76.7
84.4
89.4
93.6
97.4
70.5
85.4
106.0
120.6
128.0
141.7
157.3
167.3
177.0
185.4
27.3
33.5
44.0
52.8
58.2
66.2
74.2
79.3
84.9
89.7
43.1
52.0
62.0
67.7
69.8
75.5
83.0
88.0
92.1
95.7
25.6
31.6
40.1
46.4
50.1
57.2
64.3
67.8
70.6
73.2
11.4
13.7
18.6
23.0
26.1
29.8
33.1
34.4
35.7
36. 2
14.2
17.9
21.5
23.4
24.1
27.4
31.3
33.4
34.9
37.0
286.0
317.8
340.9
351.5
363.4
374.4
383.9
397.9
414.0
437.1
138.6
153.1
165.4
170.0
175.2
179.0
181.3
186.0
192.6
203.3
147.4
164.7
175.5
181.5
188.3
195.4
202.6
211.9
221 .4
233.7
26.3
27.5
28.2
28.9
29.6
29.8
30.3
31.2
32.7
33.9
16.0
16.3
16.7
17.4
17.8
17.5
17.7
17.9
18.8
19.4
10.2
11.2
11.5
11.5
11.9
12.2
12.6
13.2
13.9
14.5
73.3
82.1
87.7
88.9
89.5
90.7
91.5
93.1
95.6
100.1
39.0
44.5
48.7
49.8
50.7
51.4
51.7
52.5
53.8
57.0
34.3
37.6
39.0
39.1
38.9
39.2
39.7
40.6
41.8
43.1
186.4
208.2
225.0
233.7
244.3
254.0
262.2
273.6
285.8
303.0
83.6
92.3
100.0
102.8
106.7
110.0
111.9
115.6
120.0
127.0
102.8
115.9
125.0
130.8
137.5
144.0
150.2
158.0
165.8
176.1
206.1
230.0
247.9
255.6
263.7
271.0
276.6
285.3
295.3
311.0
100.4
112.8
123.4
127.2
131.6
135.4
137.8
142.2
147.5
156.5
105.7
117.2
124. 5
128.4
132.1
135.5
138.8
143.1
147.8
154.5
202.8
226.2
243.8
251.2
258.8
265.9
271.2
279.8
289.1
303.8
99.0
111.2
121.7
125.3
129.5
133.3
135.6
140.0
145.1
153.7
103.8
115.0
122.1
125.8
129.3
132.6
135.6
139.8
144.0
150.1
79.8
87.7
92.9
95.9
99.8
103.5
107.3
112.6
118.7
126.0
38.2
40.3
42.0
42.9
43.6
43.6
43.5
43.8
45.1
46.8
41.6
47.5
50.9
53.1
56.2
59.9
63.8
68.7
73.7
79.2
1965. .. 474.5
1966. .. 524.2
1967. .. 573.0
1968.... 634.7
1969.-. 712.1
1970- _. 784.8
1971.... 848.1
1972.... 922.5
1973— 1, 033. 9
1974.. _. 1, 178. 5
1975.-.. 1, 309. 2
220.6
245.1
268.4
294.7
325.8
354.0
376.6
401.1
450.4
516.0
581.4
253.8
279.1
304.6
340.1
386.4
430.7
471.5
521.5
583.5
662.4
727.8
36.1
39.0
42.3
45.8
50.1
54.5
57.9
62.0
70.5
83.0
94.7
20.6
22.4
24.3
26.0
27.9
30.0
31.6
33.6
38.8
46.8
50.4
15.5
16.7
18.0
19.8
22. 2
108.6
121.1
133.6
146.5
162.5
176.1
185.1
195.6
216.0
245.2
271.9
62.6
70.8
78.7
85.6
93.8
101.1
105.5
110.7
123.2
141.8
159.1
46.0
50.3
54.9
60.9
68.7
75.0
79.7
85.0
92.8
103.4
112.8
329.7
364.0
397.1
442.4
499.5
554.2
605.1
664.9
747.4
850.3
942.6
137.3
151.9
165.4
183.1
204.1
222.9
239.5
256.9
288.4
327.5
371.9
192.4
212.1
231.7
259.4
295.4
331.3
365.6
408.1
459.0
522.8
570.7
337.6
373.7
409.7
453.7
508.6
560.6
607.5
661.5
742.0
847.0
941.6
171.0
191.4
210.8
232.5
258.4
281.6
301.4
322.5
362.8
415.3
472.2
166.6
182.3
198.9
221.2
250.1
279.0
306.1
338.9
379.1
431.7
469.4
328.9
363.2
397.1
438.0
489.2
537.3
580.1
629.4
704.1
802.4
891.6
167.5
187.1
205.6
226.1
250.6
272.3
290.5
310.0
348.1
398.2
452.1
161.4
176.1
191.4
211.9
238.5
265.0
289.5
319.4
356.0
404.2
439.5
136.8
150.4
163.3
181.1
203.5
224.2
240.6
261.1
292.0
331.5
367.6
49.6
53.7
57.6
62. 1
67.3
72.4
75.2
78.5
87.6
100.7
109.2
87.2
96.7
105.7
118.9
136.2
151.7
165.5
182.5
204.4
230.8
258.4
1925....
1926. ...
1927.--1928.-..
1929... .
1930....
1931-1932....
1933- 1934....
86.3
88.3
89.1
84.7
75.6
67.5
65.5
65.1
29.2
30.3
30.9
31.9
32.8
31.1
28.1
24.9
23.3
22.8
54.3
55.5
56.4
56.3
53.6
47.5
42.6
42.2
42.4
1935....
1936-...
1937. ...
1938- 1939.-..
1940-...
1941
1942....
1943—
1944... .
64.5
67.9
71.7
69.9
70.0
74.4
83.8
89.0
88.9
89.4
22.4
23.6
25.8
25.7
26.1
28.5
33.1
34.2
34.1
35.1
1945
1946
1947....
1948...1949. ...
1950
1951....
1952
1953—
1954
97.1
118.3
147.7
168.7
179.9
201.0
223.9
237. 5
250.1
261.4
1955.
1956.
1957.
1958.
1959.
1960.
1961,
1962.
1963.
1964.
..
..
..
..
..
..
..
..
_.
..
7.1
7.2
7.2
7.3
24*. 4
26.3
28.4
31.8
36.2
44.3
11.1
12.6
12.9
12.8
12.0
10.4
9.2
9.3
9.5
48
their original acquisition prices. Except
for items built for wartime use that were
generally less suited to postwar than
to war use, government surplus assets
purchased by business are also valued
in gross stocks at their original acquisition prices. The excepted items are
valued in gross stocks at estimates of
the prices that business would have
been willing to pay for new assets of
equal productivity designed specifically
for the civilian uses to which these
government surplus assets were put.
These estimated prices are derived by
raising the secondhand sales prices by
a factor determined by the estimated
age of the asset at the time of purchase
by business.
SURVEY OF CURRENT BUSINESS
April 1976
The GNP flows are supplemented
to provide appropriate investment series
by industry for nonresidential capital
or by tenure group for residential capital, and by legal form of organization.
The investment series used to derive
estimates by major industry group are:
farm, U.S. Department of Agriculture
(USDA) data, and manufacturing, Census Bureau data from the Census and
Annual Survey of Manufacturers; nonfarm nonmanufacturing investment is
the residual after the farm and manufacturing estimates are deducted from
the NIPA totals. The investment series
used to derive estimates by tenure
group are: nonfarm, Census Bureau
data from the Census of Housing, and
farm, USDA data. Investment series
by legal form of organization are derived from a variety of sources: for
fixed nonresidential business capital,
these include the economic censuses,
Internal Revenue Service (IRS), BE A
plant and equipment expenditures survey, and trade associations; for residential capital, the Census Bureau's
Survey of Residential Finance is used.
Service lives and retirement patterns
The service lives used to derive the
estimates in tables 1 through 4 (nonresidential capital) are 85 percent of
the lives specified in the 1942 edition
of IRS Bulletin F.2 The lives used to
Table 3.—Constant-Dollar Gross Stocks of Fixed Nonresidential Business Capital, by Major Industry Group and Legal Form of Organization, 1925-75
[Billions of 1972 dollars]
By major industry group
Total
Manufacturing
Farm
By legal form of organization
Corporate
Nonfarm nonmanufacturing
End of
year
Total
Noncorporate
Nonfinancial
EquipEquipEquipEquipEquipEquipEquipment Equip- Struc- ment Equip- Struc- ment Equip- Struc- ment Equip- Struc- ment Equip- Struc- ment Equip- Struc- ment Equip- Strucand
and
ment
and
and
tures
and
ment tures
tures
and
tures
ment tures
and
ment tures
ment
ment
tures
ment
strucstrucstrucstrucstrucstrucstructures
tures
tures
tures
tures
tures
tures
1925... .
1926....
1927....
1928....
1929... .
1930....
1931....
1932....
1933....
1934....
564.7
580.5
594.5
608.0
623.8
633.2
631.9
621.7
609.5
599.1
174.8
178.3
182.2
187.1
188.8
186.5
180.6
174.3
169.3
169.3
395.4
405.7
416.1
425.8
436.7
444.4
445.4
441.0
435.2
429.8
52.4
53.0
53.2
53.6
54.0
53.8
53.0
51.3
49.5
48.2
16.3
16.9
17.3
18.0
18.7
19.2
19.1
18.4
17.4
16.9
36.1
36.0
35.9
35.6
35.3
34.7
33.9
33.0
32.1
31.3
133.0
136.6
141.0
146.6
148.5
147.3
143.9
141.5
139.3
128.9
41.1
42.5
43.5
44.7
46.0
46.3
45.8
44.2
42.7
41.4
87.8
90.5
93.1
96.3
100.6
102.2
101.5
99.6
98.8
97.9
383.4
394.5
404.7
413.4
423.2
430.9
431.6
426.5
418.5
411.6
111.9
115.3
117.5
119.5
122.4
123.3
121.7
118.0
114.3
111.0
271.6
279.2
287.2
293.9
300.8
307.5
309.9
308.4
304.2
300.6
433.0
443.5
452.7
461.4
472.4
478.7
476.8
468.7
459.6
451.7
128.1
131.5
133.4
135.3
138.1
138.8
136.7
132.4
128.0
124.3
304.9
312.0
319.2
326.1
334.3
339.9
340.0
336.2
331.6
327.4
425.0
435.3
444.0
452.4
463.0
469.0
466.9
458. 7
449.8
442.1
126.8
130.2
132.0
133.8
136.6
137.3
135.2
131.0
126.6
122.9
298.2
305.1
312.0
318.6
326.4
331. 7
331.7
327.8
323.3
319.1
131.8
137.0
141.8
146.6
151.4
154.5
155.1
153.0
149.9
147.4
41.2
43.3
44.9
46.9
49.0
50.0
49.8
48.2
46.3
45.0
90.6
93.7
96.9
99.7
102.4
104.4
105.3
104.8
103.6
102.4
1935....
1936....
1937....
1938....
1939....
1940....
1941
1942... .
1943
1944.. _ _
590.5
587.0
587.7
581.6
577.0
576.5
580.3
573.7
562.9
557.2
166.1
166.1
167.7
165.1
163.7
164.9
169.1
168.1
165.6
166.9
424.4
421.0
420.0
416.5
413.3
411.5
411.2
405.6
397.3
390.3
47.4
47.2
47.5
47.0
46.8
46.3
47.0
46.8
45.8
46.0
16.8
17.2
18.0
18.2
18.4
18.6
20.0
20.4
19.9
20.6
30.6
30.0
29.5
28.9
28.3
27.6
27.0
26.4
25.9
25.4
137.3
136.9
138.1
136.3
135.2
136.0
138.9
137.7
135.4
134.3
40.8
41.0
41.6
41.0
40.8
41.6
43.0
43.3
43.6
44.9
96.6
96.0
96.5
95.3
94.4
94.4
95.9
94.4
91.7
89.4
405.8
402.8
402.2
398.2
395.1
394.2
394.3
389.2
381.7
377.0
108.6
107.9
108.1
106.0
104.5
104.7
106.1
104.3
102.0
101.4
297.3 444.5
294.9 • 441.0
294.0 440.8
292.3 435.3
290.6 430.9
289.5 430.1
432.0
288.2
427.2
284.8
419.4
279.7
275.5 414.9
121.7
121.2
121.8
119.4
117.7
118.3
120.4
119.6
118.3
119.3
322.9
319.8
319.1
315.9
313.2
311.8
311.6
307.6
301.0
295.6
435.0
431.6
431.5
426.0
421.8
421.0
423.0
418.5
411.0
406.8
120.3
119.8
120.4
117.9
116.3
116.8
118.8
118.2
117.0
118.1
314.7
311.8
311.1
308.1
305.5
304.2
304.2
300.3
294.0
288.7
146.0
146.0
146.9
146.3
146.1
146.4
148.3
146. 5
143.5
142.3
44.4
44.9
45.9
45.8
46.0
46.6
48.8
48.4
47.2
47.6
101.6
101.1
101.0
100.6
100.1
99.8
99.5
98.1
96.3
94.7
1945.-.
1946
1947- —
1948.-..
1949—.
1950
1951....
1952....
1953....
1954....
561.2
583.9
618.1
647.4
668.6
693.6
721.4
747.0
775.2
800.6
174.9
189.9
217.8
240.3
255. 8
274.0
294.2
312.5
331.8
347.0
386.3
393.9
400.3
407.1
412.8
419.6
427.2
434.5
443.4
453. 6
46.2
47.6
50.7
54.7
58.9
63.2
66.8
69.7
72.5
74.5
21.3
21.8
24.1
27.5
31.1
34.7
37.8
40.0
42.3
43.7
24.9
25.8
26.6
27.2
27.9
28.5
29.1
29.7
30.2
30.8
137.7
150.7
164.6
174.6
180.5
185.9
194.2
202.0
209.4
216.9
48.4
54.5
63.8
70.9
75.5
80.3
86.9
93.3
99.5
105.6
89.3
96.2
100.7
103.7
105.0
105.7
107.3
108.6
109.9
111.3
377.4
385.5
402.9
418.0
429.2
444.5
460.4
475.3
493.3
509.2
105.2
113.6
129.9
141.9
149.2
159.1
169.5
179.2
190.0
197.7
272.2
271.9
273.0
276. 1
279.9
285.4
290.8
296.2
303.3
311.5
418.4
435.5
460.8
480.9
494.1
509.0
527.4
545.3
565.1
582.9
125.6
137.0
157.3
172.7
182.5
194.2
208.5
222.1
236.6
248.8
292.9
298.5
303.5
308.2
311.6
314.8
318.9
323.2
328.5
334.1
410.7
427.7
452.8
472.9
486.0
500.7
518.8
536.4
556.1
573.4
124.5
135.7
155.8
171.1
180.7
192.2
206.3
219.7
234.1
246.0
286.2
291.9
297. 0
301.9
305.4
308.5
312.6
316.7
322.0
327.4
142.8
148.4
157.4
166.4
174.5
184.6
194.0
201.7
210.1
217.7
49.4
53.0
60.6
67.6
73.3
79.8
85.7
90.4
95.2
98.2
93.4
95.4
96.8
98.8
101.2
104.8
108.3
111.3
114.9
119.5
1955— 830.2
1956.... 861.1
1957— 891.5
1958— 912.8
1959— 937.1
I960.... 963.9
1961.... 988.9
1962.... 1, 018. 2
1963.... 1, 048. 8
1964.... 1, 085. 5
363.4
379.5
395.2
403.7
414.6
426.0
434.9
446.1
459.1
476.6
466.8
481.6
496.3
509.1
522.5
537.9
553.9
572.1
589.7
608.9
76.1
76.8
77.2
78.1
79.3
79.6
80.4
81.5
83.3
85.1
44.9
45.1
45.1
45.5
45.8
45.5
45.5
45.7
46.7
47.5
31.2
31.7
32.2
32.6
33.4
34.1
34.9
35.8
36.7
37.6
224.7
233.9
242.6
247.3
250.5
254.4
257.8
261.6
266.1
271.9
110.5
117.2
123.3
125.8
128.0
130.5
132.1
134.1
136.8
141.1
114.2
116.7
119.3
121.5
122.5
123.9
125.6
127.5
129.3
130.9
529.3
550.4
571.6
587.4
607.4
629.9
650.7
675.1
699.4
728.5
207.9
217.2
226.8
232.4
240.8
250.0
257.3
266.3
275.7
288.0
321.4
333.2
344.8
355.0
366.6
379.9
393.4
408.8
423.7
440.5
603.9
627.0
649.9
664.5
680. 7
699.3
716.3
736.7
757.6
783.2
262.1
276.5
290.7
298.4
308.2
318.8
327.5
337.9
349.2
364.3
341.9
350.6
359.2
366.1
372.6
380.4
388.8
398.8
408.4
418.9
593.8
616.4
638.8
652.9
668.4
686.5
703.0
723.0
742.8
766.9
258.9
273.1
287.1
294.6
304.0
314.4
322.8
333.1
343.9
358.4
334.8
343.3
351.7
358.3
364.4
372.1
380.2
389.8
398.9
408.6
226.2
234.1
241.6
248.3
256.4
264.6
272.5
281.5
291.3
302.3
101.3
103.0
104.5
105.3
106.4
107.1
107.5
108.1
110.0
112.3
125.0
131.1
137.1
143.0
150.0
157.5
165.1
173.3
181.3
190.0
1965.... 1, 135. 2
1966.... 1, 193. 1
1967— 1, 246. 8
1968
304.0
1969
366.0
1970.... 1, 421. 6
1971 — 1, 471. 7
1972
1 527 6
1973.... 1, 594. 3
1974.... 1, 658. 1
1975.... 1, 706. 9
500.6
530.7
558.1
588.4
622.4
651.4
677.2
707.5
747.1
783.8
812.2
634.6
662.4
688.7
715.6
743. 6
770.1
794.5
820 1
847! 2
874.2
894.7
87.4
90.4
93.7
96.3
48.9
50.8
52.8
54.4
56.0
57.7
58.7
60 3
63! 4
66.7
68.8
38.5
39.6
40.9
41.9
42' 9
281.6
294.8
308.5
319. 7
331. 4
340.8
346.8
353. 5
363! 8
375.5
383.8
147.9
157.0
166.0
173. 8
182. 0
188.9
193.9
200. 1
209! 1
218.6
223.4
133.7
137.9
142.5
145. 9
149.4
151.9
152.9
153. 4
1547
156.9
160.4
766.2
807.9
844.7
888. 0
935. 6
979.0
1, 021. 2
1, 068. 0
l' 120*. 0
1, 167. 1
1, 203. 9
303.9
322.9
339.3
360.2
384. 3
404.8
424.7
447. 1
474'. 7
498.6
520.0
462.3
484.9
505.4
527.8
55l!3
574.2
596.5
620 8
645! 3
668.5
683. 9
819.1
862.2
902.6
945. 6
992! 9
1, 034. 8
1, 074. 0
1, 117. 6
1, 169! 8
1, 219. 6
1, 257. 9
385.0
410.7
434.3
460.2
489.4
514.1
537.7
564 8
599! 0
630.7
654. 5
434.1
451.5
468.3
485.4
503.5
520.6
536.2
552.8
570.8
588.9
603.4
800.9
841.5
879.2
918.8
962.1
1, 000. 0
1, 034. 8
1, 073. 9
1,121.6
1, 167. 3
1, 202. 2
378.2
402.8
425.1
449.4
476.7
499.4
520.7
545.5
577.5
607.3
629.5
422.7
438.7
454.1
469.4
485.5
500.6
514.0
528. 4
544.1
560.0
572.7
316.0
331.0
344.2
358. 3
373.1
386.8
397.8
410.0
424.6
438.5
449.0
115.6
120.0
123.8
128.1
133.0
137.3
139.5
142.7
148.1
153.2
157.7
200.4
211.0
220.4
230.2
240.1
249. 5
258.3
267.3
276.4
285. 3
291.3
NOTE.—See table 1, Note.
9s!g
101.7
103.7
106 2
no! 5
115.5
119.2
44! o
45.1
45. 9
47! 2
48.8
50.4
SUEVEY OF CURKENT BUSINESS
April 1976
derive the estimates in tables 5 through
8 (residential capital) are 80 years
for new 1- to 4-unit dwellings and
65 years for new 5- or more-unit
dwellings; additions and alterations
are assumed to have lives half as long
as these.
These service lives are averages.
The patterns of retirements used in
this study are based on modifications
of the Winfrey S-3 curve, which is a
bell-shaped distribution centered on
the average life.3 For nonresidential
2. Alternative estimates of stocks of fixed nonresidential
business capital based on several different service life assumptions will be included in the volume on capital stock
referred to earlier.
3. See Robley Winfrey, Statistical Analyses of Industrial
Property Retirement, Iowa Engineering Experiment Station,
Bulletin 125, December 11,1935.
capital, retirements start at 45 percent
and end at 155 percent of the'average
life. For residential capital, retirements
start at 5 percent and end at 195
percent of the average.
Valuation
The capital stock measures are computed on three bases of valuation—
historical cost, constant cost, and current cost. Historical cost measures are
derived by valuing each item in the
stock at the price at which it was
purchased new. Historical cost stocks
are not shown in this article, but they
will be included in the volume on
capital stock.
49
Constant cost measures are derived
by valuing all assets at the prices of a
given period. The prices of 1972 are
used in this study. For these calculations, the gross investment flows must
be expressed in constant prices. This is
done by applying appropriate price
indexes to the current-dollar investment
flows. The constant cost stock is a
measure of the physical volume of
capital.
Current cost measures are derived
by valuing all assets in the stock at
any specified period at the prices of that
period. This is done by applying price
indexes to the constant cost stock estimates to convert them to current cost
measures. In effect, the current cost
Table 4.—Constant-Dollar Net Stocks of Fixed Nonresidential Business Capital, by Major Industry Group and Legal Form of Organization,
1925-75
[Billions of 1972 dollars]
By legal form of organization
By major industry group
Total
Manufacturing
Farm
Corporate
Nonfarm nonmanufacturing
End of
year
Total
Noncorporate
Nonflnancial
EquipEquipEquipEquipEquipEquipEquipment Equip- Struc- ment Equip- Struc- ment Equip- Struc- ment Equip- Struc- ment Equip- Struc- ment Equip- Struc- ment Equip- Strucment tures
and
and
ment
tures
and
and
ment tures
and
ment tures
ment tures
ment tures
and
tures
and
ment
strucstrucstrucstrucstrucstrucstructures
tures
tures
tures
tures
tures
tures
1925— .
1926— .
1927— .
1928- ..
1929—
1930... .
1931—
1932--..
1933—.
1934—.
298.7
308.8
317.0
324.8
335.1
338.6
331.6
316.8
301.7
289.6
89.7
92.7
94.0
95.4
98.1
97.3
92.5
84.8
77.8
73.3
209.0
216.0
223.0
229.4
237.0
241.3
239.1
232.0
223.8
216.3
25.6
26.0
26.1
26.2
26.4
26.0
17.6
17.5
17.3
17.0
16.7
16.2
15.4
14.6
13.9
13.2
69.6
72.3
74.3
77.2
81.2
24.8
23.1
21.5
20.5
8.1
8.5
8.8
9.2
9.7
9.8
9.3
8.4
7.6
7.3
81.5
78.9
74.4
71.3
68.6
21.9
22.7
23.2
23.8
24.5
24.3
23.3
21.5
19.9
18.8
47.7
49.5
51 2
53.4
56.7
57.2
55.6
52.9
51.3
49.8
203.4
210.5
216.6
221.4
227.5
231.1
228.0
219.3
209.0
200.6
59.7
61.5
62.0
62.5
63.9
63.2
59.9
54.8
50.4
47.2
143.7
149.0
154.5
159.0
163.6
168.0
168.1
164.5
158.6
153.3
227.3
233.6
238.4
243.1
250.3
252.5
246.8
235.5
224.4
215.3
67.8
69.5
69.8
70.2
71.6
70.7
67.3
61.9
57.1
53.7
159.4
164.1
168.6
172.9
178.7
181.8
179.5
173.6
167.3
161.6
222.6
228.6
233.2
237.7
244.6
246.6
240.9
229.7
218.9
210.0
67.2
68.8
69.1
69.4
70.7
69.9
66.5
61.1
56.4
53.1
155.4
159.8
164.2
168.3
173.8
176.7
174.4
168.6
162.5
156.9
71.4
75.2
78.6
81.7
84.9
86.1
84.9
81.3
77.3
74.3
21.9
23.2
24.2
25.3
26.6
26.6
25.2
22.9
20.8
19.6
49.6
52.0
54.4
56.5
58.3
59.5
59.6
58.4
56.5
54.8
1935—.
1936—1987—
1988—
1939—.
1940—
1941—.
1942....
1943.—
1944—
281.0
278.4
280.0
274.7
271.4
272.5
277.5
270.5
260.4
255.6
71.5
73.3
76.9
75.8
76.1
79.3
84.6
82.9
.80.6
82.0
209.6
205.0
203.1
198.9
195.3
193.2
192.8
187.6
179.8
173.6
20.2
20.4
20.8
20.6
20.5
20.4
21.0
20.6
19.9
20.4
7.4
8.0
8.7
8.9
9.1
9.4
10.4
10.3
9.9
10.4
12.8
12.4
12.1
11.7
11.4
10.9
10.6
10.3
10.1
10.0
66.3
65.8
66.8
65.1
64.1
65.2
68.2
67.2
65.1
64.1
18.3
18.8
19.7
19.4
19.6
20.6
22.2
22.7
23.0
24.1
47.9
47.0
47.1
45.6
44.6
44.6
46.0
44.5
42.1
40.0
194.6
192.2
192.4
189.0
186.8
186.9
188.2
182.6
175.4
171.1
45.7
46.5
48.5
47.4
47.4
49.3
52.0
49.9
47.8
47.4
148.9
145.7
143.9
141.6
139.3
137.7
136.2
132.7
127.6
123.6
208.2
205.3
206.1
201.4
198.5
199.2
202.6
198.3
191.5
188.1
52.0
52.8
55.0
53.7
53.6
55.8
59.2
58.5
57.6
58.8
156.1
152.5
151.1
147.7
144.8
143.4
143.4
139.8
133.9
129.3
203.1
200.4
201.3
196.9
194.1
194.9
198.5
194.5
188.0
184.8
51.4
52.2
54.3
53.0
52.9
55.1
58.4
57.8
57.0
58.3
151.7
148.3
147.1
143.8
141.2
139.9
140.1
136.7
131.0
126.6
72.9
73.0
74.0
73.2
72.9
73.3
74.8
72.1
68.9
67.5
19.5
20.5
22.0
22.0
22.5
23.5
25.4
24.4
23.0
23.2
53.4
52.5
52.0
51.2
50.5
49.8
49.4
47.8
45.9
44.3
1945—.
1946—.
1947—
1948—.
1949—.
1950
1951—.
1952—
1953—
1954—.
259.8
279.7
308.8
334.2
350.0
367.5
385.9
401.1
418.3
432.6
89.2
101.1
123.5
141.6
151.4
162.1
172.7
180.5
189.1
194.1
170.6
178.6
185.3
192.6
198.5
205.4
213.2
220.5
229.2
238.5
21.0
22.7
25.9
29.8
33.3
36.4
38.7
40.1
41.4
41.9
11.2
11.7
13.8
16.7
19.4
21.6
23.2
23.8
24.4
24.3
9.8
11.1
12.1
13.1
13.9
14.8
15.5
16.4
17.0
17.6
67.3
78.5
89.7
97.2
100.3
102.6
107.4
111.5
115.1
118.6
27.2
31.8
38.9
43.9
46.1
48.0
51.5
54.4
57.1
59.7
40.1
46.7
50.8
53.3
54.2
54.5
55.9
57.0
58.1
59.0
171.5
178.5
193.2
207.2
216.3
228.5
239.8
249.5
261.7
272.1
50.9
57.6
70.8
81.0
86.0
92.4
98.0
102.3
107.6
110.1
120.6
120.9
122.4
126.2
130.4
136.1
141.8
147.2
154.2
162.0
191.9
206.8
228.0
245.4
254.9
264.9
277.2
288.1
300.6
310.8
64.4
73.3
89.2
101.4
107.2
113.9
121.6
128.2
135.3
140.2
127.5
133.5
138.8
144.0
147.7
151.0
155.5
160.0
165.4
170.6
188.9
203.7
224.8
242.1
251.5
261.2
273.4
284.0
296.4
306.1
64.0
72.7
88.4
100.4
106.1
112.6
120.3
126.7
133.8
138.6
124.9
131.1
136.4
141 7
145.4
148.6
153.0
157.3
162.6
167.5
67.9
72.9
80.8
88.8
95.1
102.6
108.7
112.9
117.7
121.8
24.9
27.8
34.3
40.3
44.2
48.2
51.0
52.3
53.8
53.9
43.1
45.1
46.5
48,6
50.9
54.4
57.7
60.6
63.8
67.9
1955
1956.-..
1957—.
1958.. ..
1959—.
1960—
1961 —
1962—
1963—1964.—
451.3
472.2
492.3
503.3
517.0
533.0
547.1
565.3
584.5
609.5
201.7
209.4
216.9
217.9
221.5
225.9
228.5
233.9
241.2
252.4
249.6
262.8
275.3
285.3
295.4
307.1
318.7
331.4
343.3
357.1
42.4
42.3
42.2
42.7
43.5
43.6
44.0
44.7
46.1
47.1
24.4
23.7
23.2
23.4
23.5
22.9
22.8
22.9
23.6
24.2
18.1
18.6
19.0
19.3
20.1
20.6
21.2
21.8
22.4
23.0
121.9
127.5
132.7
133.9
133.7
134.7
135.1
135.9
137.6
141.1
61.5
65.2
68.4
68.3
68.1
68.5
68.4
68.9
70.1
73.0
60.4
62.3
64.3
65.6
65.6
66.2
66.7
67.0
67.5
68.2
286.9
302.4
317.4
326.6
339.7
354.7
368.0
384.7
400.8
421.2
115.8
120.5
125.3
126.3
130.0
134.4
137.2
142.1
147.4
155.2
171.1
181.9
192.1
200.4
209.7
220.3
230.8
242.6
253.4
266.0
323.7
339.3
354.1
360.5
368.3
378.3
386.8
398.4
410.5
427.4
147.0
154.8
162.3
163.5
166.9
171.4
174.3
179.6
185.6
195.2
176.7
184.6
191.8
197.0
201.4
206.9
212.5
218.9
224.8
232.2
318.4
333.5
347.9
353.9
361.0
370.8
378.8
390.2
401.4
417.1
145.1
152.7
160.1
161.3
164.4
168.8
171.6
176.9
182.7
191.7
173.3
180.8
187.8
192.7
196.6
201.9
207.2
213.3
218.7
225.4
127.6
132.9
138.1
142.8
148.7
154.7
160.4
166.9
174.0
182.1
54.7
54.6
54.6
54.4
54.6
54.5
54.2
54.4
55.6
57.2
72.9
78.3
83.5
88.4
94.1
100.2
106.2
112.6
118.4
124.8
1965....
1966.. .
1967.. .
1968.. .
1969 .. .
1970. . .
1971.. .
1972.. .
1973 .. .
1974—.
1975... .
645.9
689.2
725.6
763.2
802.5
833.7
859.5
889.8
929.5
965.1
980.9
269.7
292.0
310.2
329.4
349.9
364.4
375.4
390.4
414.3
434.7
441.8
376.2
397.1
415.5
433.8
452.6
469.3
484.1
499.4
515.2
530.3
539.1
48.9
51.0
53.2
54.6
56.0
57.4
58.1
59.3
62.3
65.8
68.1
25.3
26.8
28.2
29.1
30.0
30.9
31.1
32.1
34.5
37.0
38.3
23.6
24.2
25.0
25.5
26.0
26.5
27.0
27.2
27.8
28.8
29.8
148.3
158.5
168.3
175.3
182.1
186.5
187.9
190.0
195.3
201.6
204.1
78.2
85.4
92.0
96.9
101.7
105.0
106.3
108.8
113.9
119.4
120.9
70.1
73.1
76.3
78.4
80.4
81.5
81.6
81.2
81.4
82.2
83.2
448.8
479.7
504.2
533.2
564.4
589.8
613.5
640.6
672.0
697.6
708.6
166.2
179.9
190.0
203.4
218.2
228.5
238.0
249.6
265.9
278.3
282.6
282.6
299.8
314.2
329.8
346.2
361.3
375.5
391.0
406.0
419.3
426.1
453.5
485.6
513.1
541.5
571.6
595.1
616.0
640.1
671.5
699.5
711.7
209.8
228.8
244.3
260.8
278.4
290.6
301.5
315.1
335.4
352.6
358.8
243.6
256.8
268.8
280.8
293.2
304.5
314.5
325.0
336.1
346.9
352.9
441.5
471.5
497.0
522.6
549.8
570.3
588.1
609.2
637.6
663.2
673.9
205.7
223.8
238.5
253.8
270.1
281.1
290.5
302.8
321.8
338.2
343.5
235.7
247.7
258.5
268.8
279.7
289.3
297.5
306.4
315.8
325.1
330.4
192.5
203.6
212.5
221.6
230.9
238.6
243.5
249.7
258.1
265.6
269.2
59.9
63.3
65.8
68.6
71.5
73.7
73.9
75.3
78.9
82.1
83.0
132.6
140.3
146.7
153.0
159.3
164.8
169.6
174.4
179.2
183.4
186.2
NOTE.—See table 1, Note.
SUEVEY OF CUEEENT BUSINESS
50
stock is a measure of the replacement during the entire time they remain in
the stock. The value of these assets is
value of capital.
depreciated
to obtain net stocks, which
The price indexes used in deriving the
equal
the
difference
between the cumuconstant cost and current cost stocks
lative
value
of
gross
investment and
are the same as those used in estimating
cumulative
depreciation.
The depreciathe constant-dollar investment flows
tion method used to derive the estimates
in the NIPA's. Improved indexes for of net stocks in tables 2, 4, 6, and 8 is
both structures and producers' durable the straight-line formula, which assumes
equipment were incorporated in the equal dollar depreciation each year over
recent benchmark revision.
the life of the asset.4
Depreciation and net capital stocks
Assets are carried in gross capital
stocks at their undepreciated value
4. Another widely used method, the double-declining
balance formula, assumes an annual percentage rate of
depreciation that is twice the straight-line formula. Alternative estimates of stocks of fixed nonresidential business
capital using this method will be included in the capital
stock volume.
April 1976
The "economic" capital consumption
allowances in the NIPA's are based on
straight-line depreciation and the same
service lives used to derive the estimates
of stocks in tables 1 through 8. However, these NIPA estimates differ
slightly from the depreciation estimates
in the capital stock calculations because
of the treatment of accidental damage.
The capital stock calculations are based
on the assumption that accidental
damage occurs at the same rate each
year, whereas the NIPA estimates are
adjusted to reflect year-to-year variations in the rate.
Table 5.—Current-Dollar Gross Stocks of Residential Capital, by Legal Form of Organization and Tenure Group, 1925-75
[Billions of dollars]
By tenure group 1
By legal form of organization
Government
Business
End of year
Total
Corporate
Total
Total
Nonfinancial
Noncorporate
Federal
Total
.1
.3
.5
.7
.8
.7
.9
1.2
1.9
2.2
0
0
0
.0
.1
.3
.5
.7
.9
.9
8.4
9.0
9.6
9.7
10.0
10.7
11.6
12.5
13.6
14.7
59.1
64.0
68.9
70.8
73.4
79.5
87.5
94.7
102.9
111.2
4.8
5.2
5.6
5.7
5.8
6.1
6.5
6.9
7.5
8.0
49.6
54.1
58.5
60.5
62.8
67.8
74.5
80.7
87.9
94.6
3.4
4.1
4.6
4.4
4.6
5.2
5.7
6.5
7.1
7.6
2.4
2.8
2.9
2.5
2.4
2.5
2.3
2.4
2.4
2.5
1.0
1.3
1.7
1.9
2.2
2.7
3.4
4.1
4.7
5.1
15.8
18.3
21.1
22.6
23.5
25.0
26.5
27.2
27.5
28.0
120.1
143.1
171.2
190.5
203.9
228.6
253.1
270.2
285.0
303.8
8.5
9.6
10.8
11.2
11.3
11.7
12.1
12.2
12.1
12.1
101.5
116.7
133.1
140.1
144.1
153.2
162.1
166.5
169.1
173.0
540.0
566.2
593.3
629.6
664.8
687.7
706.7
727.5
754.6
782.4
8.1
8.5
9.2
10.4
11.7
12.5
13.6
14.8
15.6
16.2
2.6
2.7
2.9
3.4
4.0
4.4
4.9
5.3
5.6
5.7
5.5
5.8
6.3
7.0
7.7
8.1
8.7
9.5
10.0
10.5
28.7
29.3
29.8
30.8
31.5
31.6
31.7
31.7
31.9
32.2
329.5
351.2
373.2
401.1
429.4
449.3
465.8
483.3
504.9
527.2
12.2
12.3
12.3
12.5
12.6
12.4
12.2
12.0
11.9
11.7
179.0
183.4
188.7
197.2
204.7
208.9
212.8
218.1
225.0
231.7
805.9
830.5
896.7
,017.0
,111.1
, 164. 9
, 231. 1
,360.1
, 549. 9
1,729.7
1,903.6
16.8
17.6
19.4
22.2
24.6
26.5
28.6
31.6
36.3
40.9
45.5
5.8
6.0
6.4
7.1
7.6
8.0
8.5
9.5
11.1
12.5
14.0
11.0
11.6
13.0
15.1
17.0
18.5
20.1
22.1
25.2
28.4
31.5
32.2
32.4
34.3
37.9
40.5
41.3
42.4
45.1
49.6
53.7
57.6
547.0
567.5
617.0
704.3
772.7
813.7
866.2
964.7
1, 106. 9
1, 244. 5
1, 377. 4
11.5
11.3
11.7
12.7
13.2
13.2
13.3
13.8
14.9
15.8
16.7
236.7
242.1
258.9
291.8
319.0
334.3
350.4
383.1
432.9
476.9
520.0
.0
.0
.0
.0
.1
.0
.0
.0
.0
.0
.0
.0
.0
.0
.1
.0
.0
.0
.0
.0
1935
1936
1937
1938
1939
1940
1941
1942 . .
1943
1944
125.7
136.4
147.0
151.3
156.6
169.1
185.7
200.8
218.3
235.1
125.7
136.2
146.5
150.6
155.7
168.1
184.3
198.8
215.5
232.1
3.8
4.2
4.5
4.6
4.8
5.1
5.6
6.0
6.5
6.9
3.6
4.0
4.3
4.4
4.5
4.9
5.3
5.7
6.1
6.6
121.8
132.0
142.0
145.9
151.0
163.0
178.7
192.8
209.0
225.1
.1
.3
.5
.7
.9
1.0
1.4
1.9
2.8
3.1
1945
1946
1947
1948
1949
1950
1951
1952 .
1953
1954 . .
253.1
296.0
345.6
374.2
392.8
429.1
464.8
487.1
504.8
528.2
249.7
291.9
341.0
369.8
388.1
423.9
459.1
480.6
497.7
520.6
7.4
8.5
9.7
10.3
10.6
11.3
11.9
12.1
12.3
12.5
7.0
8.1
9.2
9.8
10.1
10.7
11.3
11.5
11.6
11.9
242.3
283.4
331.3
359.6
377.5
412.6
447.2
468.5
485.4
508.1
561.0
588.0
616.3
654.6
692.0
716.6
737.7
761.1
790.8
821.0
553.0
579.6
607.2
644.3
680.3
704.0
724.1
746.3
775.1
804.8
13.0
13.3
13.8
14.7
15.6
16.4
17.4
18.8
20.6
22.4
12.3
12.6
13.1
13.9
14.8
15.6
16.6
17.9
19.6
21.4
846.9
873.9
944.6
1,072.7
1,174.0
1,232.8
1,304.3
1,442.4
1, 645. 7
1, 837. 5
2,023.4
830.0
856.3
925.3
1,050.5
1, 149. 3
1, 206. 2
1, 275. 7
1,410.7
1,609.4
1, 796. 6
1,977.9
24.2
25.8
28.6
33.5
38.1
41.3
44.7
50.6
59.5
66.9
74.3
23.1
24.7
27.4
32.1
36.6
39.7
42.9
48.7
57.2
64.3
71.6
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
..
- -
-
-.
1. Excludes stocks of nonhousekeeping residential capital, such as hotels, motels, and
dormitories.
Nonfarm
49.8
52.2
54.3
57.8
59.8
57.0
49.6
44.3
46.5
48.6
127.5
132.1
135.8
143.3
147.6
140.3
121.9
108.9
114.2
119.4
1955
1956 .
1957
1958
1959
1960 1961
1962
1963
1964 .
Farm
5.6
5.6
5.7
5.9
6.0
5.7
4.9
4.4
4.6
4.8
3.1
3.4
3.7
4.1
4.3
4.2
3.6
3.3
3.4
3.6
..
Nonfarm
61.8
64.0
65.7
69.2
71.2
67.7
58.9
52.7
55.3
57.8
3.3
3.6
3.9
4.3
4.5
4.4
3.8
3.4
3.6
3.8
-.
Farm
10.4
10.4
10.4
10.6
10.7
10.1
8.6
7.6
8.0
8.3
130.7
135.7
139.7
147.6
152.1
144.7
125.8
112.3
117.8
123.1
.
State
and
local
Tenant occupied
0
0
0
0
0
0
0
0
0
0
130.8
135.8
139.8
147.6
152.2
144.7
125.8
112.4
117.8
123.2
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
Owner occupied
NOTE.—Capital stock estimates are based on straight-line depreciation and service lives
given in the text.
SURVEY OF CUERENT BUSINESS
April 1976
51
Table 6.—Current-Dollar Net Stocks of Residential Capital, by Legal Form of Organization and Tenure Group, 1925-75
[Billions of dollars]
By tenure group l
By legal form of organization
Business
Total
End of year
Government
Corporate
Total
Total
Nonfinancial
Noncorporate
Total
Federal
Owner occupied
State
and
local
Farm
Nonfarm
Tenant occupied
Farm
Nonfarm
84.1
87.9
90.8
96.1
98.6
92.9
79.9
70.3
72.7
74.9
84.1
87.9
90.8
96.0
98.6
92.9
79.8
70.3
72.6
74.9
2.3
2.6
2.8
3.1
3.3
3.1
2.7
2.3
2.4
2.5
2.2
2.5
2.7
3.0
3.1
3.0
2.5
2.2
2.3
2.3
81.8
85.3
88.0
92.9
95.3
89.8
77.2
68.0
70.2
72.4
0.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
0.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
0
0
0
0
0
0
0
0
0
0
5.8
5.8
5.7
5.8
5.8
5.3
4.5
3.9
4.0
4.1
40.1
41.7
42.8
45.2
46.3
43.6
37.6
33.1
34.3
35.4
3.1
3.1
3.1
3.2
3.3
3.1
2.7
2.4
2.4
2.5
32.9
34.8
36.4
38.9
40.1
37.8
32.6
28.7
29.6
30.5
75.5
81.2
86.9
88.7
91.4
98.4
108.0
115.7
124.3
132.0
75.5
81.0
86.4
88.0
90.6
97.5
106.7
113.9
121.7
129.2
2.5
2.6
2.8
2.8
2.9
3.1
3.3
3.4
3.6
3.8
2.3
2.5
2.7
2.7
2.7
2.9
3.1
3.3
3.4
3.6
73.0
78.4
83.6
85.2
87.7
94.5
103.4
110.4
118.1
125.4
.0
.2
.4
.7
.8
.9
1.3
1.8
2.6
2.9
.0
.2
.4
.7
.7
.6
.8
1.1
1.8
2.0
0
0
0
.0
.1
.3
.5
.7
.8
.9
4.1
4.4
4.6
4.7
4.7
5.1
5.6
6.0
6.5
6.9
35.8
38.4
41.0
41.8
43.1
46.7
51.5
55.2
59.4
63.3
2.5
2.7
2.9
2.9
2.9
3.0
3.2
3.3
3.5
3.7
30.8
33.3
35.7
36.7
37.9
40.8
44.8
48.1
51.7
54.7
1945
1946
1947
1948
1949
1950
1951
1952
1953.
1954
140.2
164.6
193.9
212.7
225.4
250.5
274.1
289.5
302.3
318.8
137.1
160.9
189.9
208.9
221.3
246.1
269.3
284.0
296.3
312.5
4.0
4.5
5.1
5.3
5.5
5.8
6.0
6.1
6.2
6.3
3.8
4.3
4.8
5.0
5.2
5.5
5.7
5.8
5.8
5.9
133.1
156.4
184.8
203.6
215.9
240.3
263.2
277.9
290.2
306.2
3.1
3.7
4.0
3.8
4.0
4.4
4.9
5.5
6.0
6.3
2.2
2.5
2.5
2.1
2.0
2.0
1.8
1.8
1.8
1.8
.9
1.2
1.5
1.7
2.0
2.4
3.1
3.7
4.2
4.5
7.4
8.7
10.2
11.1
11.7
12.7
13.5
13.8
14.0
14.2
67.7
82.0
100.4
114.8
125.1
144.2
162.4
175.6
187.3
202.0
3.9
4.3
4.8
4.8
4.8
4.9
5.0
4.9
4.8
4.7
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
342.3
361.2
380.4
406.0
432.7
450.3
465.6
482.9
504.7
526.7
335.6
354.3
372.9
397.6
423.3
440.2
454.6
470.9
492.2
513.8
6.5
6.7
7.0
7.6
8.2
8.9
9.9
11.2
12.8
14.4
6.1
6.3
6.6
7.2
7.8
8.5
9.4
10.7
12.2
13.8
329.2
347.6
365.9
390.0
415.0
431.2
444.7
459.7
479.4
499.4
6.7
6.9
7.5
8.5
9.5
10.1
11.0
12.0
12.5
12.9
1.9
1.9
2.1
2.5
3.0
3.3
3.7
4.1
4.3
4.3
4.8
5.0
5.4
6.0
6.5
6.8
7.3
7.9
8.2
8.6
14.5
14.6
14.8
15.2
15.5
15.4
15.4
15.3
15.4
15.4
222.2
238.9
255.1
275.4
296.9
311.7
323.6
336.2
351.9
367.9
4.7
4.6
4.5
4.5
4.4
4.3
4.1
4.0
3.9
3.7
95 o
97
a
100- 1
104-3
109- 7
111-2
114.6
118.4
123.4
128.5
545.5
563.6
609.2
693.0
759.7
797.4
846.6
941.6
1,078.5
1,200.5
1, 313. 0
532.3
549.9
594.3
676.1
741.0
777.4
825.2
918.0
1,051.6
1,170.6
1,280.2
15.9
17.2
19.3
22.9
26.4
28.8
31.4
36.0
42.6
47.8
52.6
15.3
16.6
18.5
22.0
25.4
27.7
30.2
34.6
41.1
46.1
50.7
516.4
532.7
575.0
653.3
714.6
748.6
793.8
882.1
1,009.0
1, 122. 8
1,227.6
13.2
13.7
14.9
16.9
18.7
20.0
21.4
23.6
26.9
29.9
32.8
4.3
4.4
4.6
5.0
5.3
5.5
5.8
6.5
7.6
8.5
9.4
8.9
9.3
10.3
11.9
13.4
14.5
15.6
17.1
19.3
21.4
23.4
15.4
15.4
16.3
17.9
19.0
19.3
19.7
20.8
22.7
24.4
25.7
382.2
395.9
429.5
489.8
536.2
562.5
599.3
669.2
768.3
859.7
945.6
3.6
3.5
3.5
3.7
3.8
3.8
3.7
3.8
4.0
4.2
4.2
1324
135 !
145' A
I64 o
181' c
191" ^
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
..
--
1965
1966
1967.
1968.
1969
1970.
1971
1972.
1973.
1974
1975
Si?
£!
21
88!6
9
9?1
93;?
202 ;
223 ;
255 1
280 1
304 *
.1
Table 7.—Constant-Dollar Gross Stocks of Residential Capital, by Legal Form of Organization and Tenure Group, 1925-75
[Billions of 1972 dollars]
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
487 4
506 8
524 7
541 0
552 1
557 7
561 5
561 9
561 4
561 5
487 2
506 6
524 5
540 8
552 0
557 5
561 4
561 7
561 3
561 3
12 2
13 5
14 7
15 7
16 4
16 8
17 0
17 0
17 1
17 1
11 5
12 7
13 9
14 9
15 6
16 0
16 2
16 2
16 2
16 2
475 0
493 1
509 9
525 1
535 6
540 7
544 4
544 7
544 2
544 2
02
2
2
2
2
2
2
2
2
2
02
2
2
2
2
2
2
2
2
2
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
563 3
567 5
572 4
577 1
584 6
593 2
603 5
607 1
608 1
606 8
563 1
566 4
570 6
574 3
581 4
589 9
598 9
601 1
600 4
598 8
17 1
17 3
17 4
16 3
16 4
16 6
ifi 7
16 9
17 0
545 9
549 1
553 2
556 7
563 6
571 9
18 0
17 9
17 2
17 1
17 0
3
11
19
28
31
34
46
61
77
80
3
j1
19
28
29
24
29
38
53
56
1945
1946
605 7
618 0
634 3
655 0
674 0
702 0
724 6
746 3
768 7
792.9
597 6
609 4
625 9
647 4
666 0
693 5
715 7
17 7
17 8
Ifi 8
Ifi Q
17 8
16 9
591 6
608 1
81
86
84
675 2
697 2
81
85
89
ifl fl
57
59
53
44
42
41
36
37
.
L1947
1948
1949
1950
1951
1952
1953
1954
1. See footnote 1, table 5.
NOTE.—See table 5, Note.
73fi ^
757 9
781 R
17 fi
17 8
17 9
IS 1
18 1
18 fl
189
18 4
18 4
18 ^
18 fi
IB 7
17 9
17 fl
179
17 4
17 5
17 c
177
17 8
con o
coo n
582 4
581 0
C7Q Q
fi9Q 4.
fi47 8
71 7 8
700 o
7fi9 8
77
Ifl 8
11 a
q 7
37
Q
o
o
o
o
o
o
0
o
o
o
o
o
Q
2
10
17
23
24
24
24
27
31
3
Q
39
44
53
63
71
7.6
39 0
39 1
39 2
39 1
39 0
38 9
38 6
38 3
38 1
37 8
231 0
239.6
247 2
254.3
259.2
261.7
263.8
264.2
264.1
264.4
21.0
21.1
21.3
21.5
21.8
21.9
22.0
21.9
21.8
21.8
184.6
193.8
202.7
210.7
216.1
218.5
220.3
220.5
220.4
220.5
37 6
37 4
37 3
37 2
37 3
37 5
37 9
38 0
38 0
38 0
265.5
267.0
269.0
270 8
274.7
279.6
285 2
287.2
287.6
287.7
21.8
21.8
21.8
21.7
21.6
21.5
21.2
21.0
20.8
20.6
221.3
224.0
226.8
229.8
233.4
236.9
241.2
243.0
243.9
243.1
37 9
38 2
38 8
39 6
40 4
41 1
41 5
41 8
42 1
42.2
288.1
299.5
315.0
334 2
350 6
375.0
395.6
415 0
435.0
457.2
20.4
20.2
19.9
19.7
19.5
19.2
19.0
18.7
18.5
18.2
242.0
242.7
243.4
244.3
246.3
249.6
251.5
253.8
256.2
258.3
SUEVEY OF CUEEENT BUSINESS
52
April 1976
Table 7.—Constant-Dollar Gross Stocks of Residential Capital, by Legal Form of Organization and Tenure Group, 1925-75—Continued
[Billions of 1972 dollars]
By tenure group l
By legal form of organization
Business
Total
End of year
Corporate
Total
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
.
. ...
.
.
- -
.
Government
Total
Non-
Nonfinancial
corporate
Total
Federal
Owner occupied
State
and
Farm
local
Nonfarm
Tenant occupied
Farm
Nonfarm
821.7
847.5
871.3
896.4
928.2
956.4
984.7
1,016.0
1,050.4
1,085.3
810.0
835.2
858.3
882.2
912.6
939.7
966.5
996.2
1, 029. 6
1,063.7
18.9
19.2
19.5
20.0
20.8
21.8
23.2
25.0
27.3
29.6
17.9
18.2
18.5
19.0
19.8
20.7
22.1
23.9
26.0
28.3
791.0
816.0
838.8
862.2
891.8
917.9
943.3
971.1
1,002.3
1, 034. 1
11.8
12.2
13.0
14.2
15.6
16.7
18.2
19.8
20.8
21.5
3.8
3.8
4.1
4.6
5.3
5.8
6.5
7.1
7.5
7.6
8.0
8.4
8.9
9.6
10.3
10.9
11.7
12.7
13.3
13.9
42.2
42.3
42.3
42.3
42.3
42.2
42.4
42.4
42.5
42.6
483.7
507.1
528.5
550.1
576.8
600.5
622.5
645.8
671.2
697.3
18.0
17.7
17.5
17.2
16.9
16.6
16.4
16.1
15.8
15.5
260.8
263.1
265.6
269.0
273.7
277.9
283.2
290.3
298.2
305.5
1,119.6
1,149.5
1,177.9
1,211.9
1, 246. 1
1,277.4
1,319.8
1,370.7
1,419.2
1,451.3
1,478.0
1,097.3
1,126.3
1,153.8
1, 186. 8
1, 219. 9
1, 249. 9
1,290.9
1,340.7
1,387.9
1, 419. 0
1,444.8
31.9
33.9
35.6
37.8
40.5
42.8
45.2
48.2
51.3
53.0
54.3
30.5
32.4
34.1
36.3
38.8
41.1
43.4
46.3
49.4
51.0
52.3
1,065.4
1,092.4
1,118.2
1, 149. 0
1, 179. 4
1,207.1
1,245.8
1,292.5
1, 336. 6
1,366.0
1,390.5
22.3
23.2
24.1
25.1
26.2
27.5
28.9
30.1
31.3
32.3
33.2
7.7
7.9
7.9
8.0
8.1
8.3
8.6
9.1
9.6
9.9
10.2
14.6
15.3
16.2
17.1
18.1
19.2
20.3
21.0
21.7
22.4
23.0
42.6
42.7
42.8
42.9
43.0
42.9
42.9
42.8
42.7
42.4
42.1
723.6
746.9
769.8
795.9
820.1
843.1
876.6
916.6
954.2
982.2
1,006.1
15.2
14.9
14.6
14.3
14.0
13.7
13.4
13.1
12.8
12.5
12.2
312.3
317.7
322.3
329.5
338.6
346.4
354.6
364.3
373.8
377.4
380.0
Table 8.—Constant-Dollar Net Stocks of Residential Capital, by Legal Form of Organization and Tenure Group, 1925-75
[Billions of 1972 dollars]
By tenure group l
By legal form of organization
Government
Business
End of year
Total
Corporate
Total
Total
Non-
Nonfinancial
corporate
Total
Federal
Owner occupied
State
arid
local
Farm
Nonfarm
Tenant occupied
Farm
Nonfarm
313.8
338.2
341.1
352.1
358.0
358.1
356.7
351.9
346.4
341.5
313.6
338.0
340.9
353.0
357.8
358.0
356.6
351.8
346.3
341.4
8.6
9.7
10.6
11.4
11.8
12.0
11.9
11.7
11.4
11.3
8.1
9.2
10.1
10.8
11.3
11.4
11.4
11.1
10.9
10.7
305.0
318.4
330.3
340.6
346.0
346.0
344.7
340.1
334.8
330.3
0.2
.2
.2
.2
.1
.1
.1
.1
.1
.1
0.3
.3
.3
.3
.1
.1
.1
.1
.1
.1
0
0
0
0
0
0
0
0
0
0
31.8
31.7
21.5
31.3
21.0
30.6
20.2
19.7
19.3
18.9
149.8
156.0
161.3
166.0
168.4
168.5
168.3
166.2
163.8
161.8
11.7
11.7
11.8
11.9
12.1
13.1
13.0
11.8
11.6
11.5
123.1
129.3
136.1
143.0
145.1
145.3
144.8
143.8
140.6
138. 5
338.6
338.1
338.3
338.3
341.2
345.3
350.9
350.0
346.5
340.9
338.4
337.0
336.6
335.7
338.3
342.2
346.7
344.4
339.3
333.5
11.0
10.9
10.8
10.8
10.7
10.7
10.6
10.4
10.1
9.8
10.5
10.4
10.3
10.2
10.2
10.2
10.1
9.9
9.6
9.3
337.3
336.1
335.7
325.0
337.6
331.5
336.1
333.9
329.1
323.7
.3
1.0
1.7
2.6
2.9
3.1
4.3
5.6
7.3
7.4
.2
1.0
1.7
2.6
3.7
3.1
3.6
3.4
4.9
5.1
0
0
0
.0
.3
1.0
1.7
3.2
3.3
3.3
18.5
18.2
18.1
17.8
17.8
17.9
18.1
18.2
18.1
18.0
160.7
160.2
160.1
159.7
161.5
164.3
167.7
167.6
165.9
163.9
11.4
11.3
11.2
11.0
10.9
10.6
10.4
10.1
9.8
9.6
137.3
138.0
138.7
139.6
141.2
143.7
145.0
144.7
143.7
140.9
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
335.6
343.8
355.9
373.3
386.5
409.7
472.3
443.5
460.3
478.6
328.2
336.0
348.5
365.6
379.6
402.4
419.6
435.0
451.1
469.1
9.5
9.4
9.3
9.3
9.3
9.4
9.4
9.3
9.3
9.4
9.0
8.9
8.8
8.8
8.9
8.9
8.9
8.8
8.8
8.8
318.7
326.6
339.3
356.3
370.3
393.0
410.2
425.7
441.8
459.7
7.4
7.8
7.5
6.6
7.0
7.3
7.6
8.5
9.3
9.6
5.2
5.3
4.7
3.7
3.5
3.4
2.8
3.8
2.8
2.8
2.2
2.5
2.8
2.9
3.5
3.9
4.8
5.7
6.4
6.8
17.8
18.1
18.7
19.4
20.2
20.8
21.1
31.3
31.3
21.4
162.4
171.6
184.7
301.4
215.0
336.4
353.7
369.6
285.9
304.0
9.3
9.0
8.8
8.5
8.3
8.0
7.8
7.5
7.3
7.1
138.0
136.9
135.8
135.1
135.4
137.0
137.3
137.8
138.4
138.8
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
501.3
520.6
537.7
556.0
580.5
601.2
621.6
644.7
670.6
696.4
491.6
510.5
527.2
544.4
567.8
587.6
606.9
628.7
653.9
679.3
9.5
9.6
9.9
10.3
11.0
11.9
13.2
14.9
16.9
19.0
8.9
9.1
9.3
9.8
10.5
11.3
13.6
14.2
16.2
18.2
482.1
500.9
517.3
534.1
556.8
575.7
593.7
613.8
637.0
660.3
9.7
10.1
10.5
11.6
12.7
13.6
14.7
16.1
16.7
17.0
2.7
2.8
2.9
3.4
4.0
4.5
5.0
5.5
5.8
5.7
7.0
7.3
7.6
8.2
8.7
9.1
9.7
10.6
10.9
11.3
21.2
31.2
31.0
30.9
30.8
20.6
30.6
20.5
30.4
30.4
326.3
345.0
361.3
377.7
398.9
416.6
433.5
449.3
467.9
486.8
6.8
6.6
6.4
6.2
6.0
5.8
5.5
5.3
5.1
5.0
139.7
140.2
141.1
143.8
145.9
148.4
153.3
157.5
163.7
169.3
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974....
1975
721.4
741.5
759.7
783.0
806.4
826.3
856.7
894.8
930.0
948.1
959.1
703.9
723.4
741.1
763.9
786.5
805.5
835.0
872.4
906.9
934.4
935.1
21.0
32.6
24.0
25.8
28.0
29.9
31.7
34.2
36.8
37.8
38.4
30.1
31.7
33.1
34.8
36.9
38.7
30.6
32.9
35.5
36.5
37.0
682.9
700.8
717.1
738.1
758.5
775.7
803.3
838.3
870.1
886.6
896.7
17.5
18.1
18.6
19.3
19.8
30.8
31.7
32.4
23.1
33.6
34.0
5.8
5.8
5.7
5.7
5.6
5.7
5.9
6.2
6.5
6.7
6.9
11.7
13.3
12.9
13.5
14.3
15.1
15.8
16.3
16.6
16.9
17.1
30.3
20.3
30.3
30.2
20.2
20.0
19.9
19.8
19.6
19.2
18.8
505.7
531.2
536.0
553.6
569.1
583.9
606.4
635.9
662.3
678.6
689.7
4.8
4.6
4.4
4.2
4.1
3.9
3.7
3.6
3.4
3.3
3.1
174.2
177.8
180.5
185.7
193.8
198.6
205.1
312.9
220.6
223.3
333.1
1935
1936
1937
1938
1929
1930
1931
1932
1933
1934
..
1935
1936.
1937
1938
1939
1940
1941
1942
1943
1944
-.
.
1. See footnote 1, table 5.
NOTE.—See table 5, Note.
CURRENT BUSINESS STATISTICS
IKE STATISTICS here update series published in the 1973 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (available from the Superintendent of Documents for $6.80) provides a description of each series, references
to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1969 through 1972 (1962-72 for major quarterly
series), annually, 1947-72; for selected series, monthly or quarterly, 1947-72 (where available). Series added or significantly revised after the 1973
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1972 issued too late for
inclusion in the 1973 volume appear in the monthly SURVEY beginning with the August 1973 issue. Also, unless otherwise noted, revised monthly
data for periods not shown herein corresponding to revised annual data are available upon request.
The sources of the data are given in the 1973 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 189-90. Statistics originating in Government agencies are not copyrighted and may be reprinted freely.
Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights.
1973
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes areas shown in
the 1973 edition of BUSINESS STATISTICS
| 1974
1975
1973
I
1974
III
II
IV
Annual total
i ! n
1976
1975
III
IV
I
II
III
IV
IP
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
bil.$__ 1, 306. 3
950.3
977.4
1,001.0
1,028.7
118 4
46.1
53.4
123.1
48.7
55.0
128.9
53.5
55.9
117.3
43.6
54.3
118.9
44.6
54.1
123.8
46.1
57.0
131.8
52.1
58.3
137.6
55.1
60.4
146.5
62.5
61.4
348.5
62 8
175.2
30 6
359.8
64 3
181.3
31 7
371.9
65 3
185.4
37 1
383.9
66 5
193.2
38 2
387.1
64 8
197.4
38 8
394.1
66.7
202.8
38 1
404 8
69.0
206.6
39 6
416.4
71.3
211.4
41.2
423.7
72.5
215.6
42.1
431.0
73.8
220.2
41.7
355.2
51 4
124 7
28.0
362.2
51 9
126.8
28.5
371.2
52 7
131.4
29.7
382.8
55 6
134.2
30.4
394.9
57 9
137.4
31.4
404.0
59 2
140.7
32.1
413.4
60 6
143.9
33.0
421.6
63.1
147.0
33.5
429.2
64.7
150.2
34.2
439.7
64.9
154.1
35.5
451.2
66.4
157. 9
36.3
221.2
231.9
218.4
212.7
207.6
210.3
168.7
161.4
194.9
205.4
229.6
215.5
156.8
55.2
101.7
124 8
58.2
49.3
124 4
56.4
50.4
123 7
54.4
51.2
118.9
48.4
51.9
409.8
69 9
209. 1
40 3
321.4
60 1
161 2
26 7
328.0
60 9
164 3
27 4
339.6
61 9
171 4
28 5
388.3
56 4
136 0
30.9
426.0
63.3
148.8
34.1
339.5
48 2
118 9
27 2
348.2
49 8
121 9
27.6
212 2
182.6
211.7
217.1
Durable goods total 9
do
Motor vehicles and parts
do
Furniture and household equipment. ..do
122 9
54.4
50.7
121 9
48 0
54.7
128 1
49.5
57.4
Nondurable goods, total 9
Clothing and shoes
Food
Gasoline and oil
do
do
do
do
334.4
61 4
168 0
28 3
375.7
65 2
189 4
36 4
do . .
do
do
do
351.3
50 3
123 1
27.8
do
220 5
Gross private domestic investment, total
926.4
849.5
785.7
_
1,460.6
908.4
829.5
963.8
Services total 9
Household operation
Housing
Transportation
1,433.6
907.7
1,370.9
818.4
1,265.0
885.9
, 616. 3
1,441.3
877.8
1,352.7
800.5
1, 498. 9
808.5
1,528.5 1,572.9
1,391.0 1,424.4
1,287.8 1,319.7
1,406.9
Personal consumption expenditures, total.. do
Gross national product, totalf
- - -do
do
do
do
203 0
136.5
49 0
87 5
202 5
147.9
54 4
93 5
197.3
148.5
52.7
95.8
199 3
131.0
46 3
84 8
202 8
134.5
47 7
86.7
205 6
138.5
50 3
88.2
204.2
141.8
51 5
90.4
203 5
145.9
53 4
92.5
203.4
146.6
54.1
92.4
203.1
148.1
54.0
94.1
199.8
151.1
56.1
95.0
193.5
149.3
54.9
94.4
191.1
146.1
51.1
95.0
197.1
146.7
51.2
95.6
207.4
151.9
53.6
98.3
do
do
do
66 5
17.5
14.1
54 6
97
11.6
48 7
— 14 6
— 16 5
68 2
12.4
10.1
68 3
14.3
11.0
67 0
15.6
11.0
62.4
27.7
24.0
57.6
14.9
14.1
56 9
9.3
11.0
55.0
4.4
7.6
48.7
10.4
13.7
44.2
-24.8
-23.3
45.0
-29.6
-29.6
50.4
-2.1
-5.7
55.4
-2.0
-7.5
58.7
14.1
10.1
do
do
. ... do
74
101.5
94 2
7.7
144.2
136 5
21 3
147
8
196 5
2 0
89.4
87 4
4.5
96.6
92 1
10.2
105.2
95 0
12.8
114.9
102 0
15 6
133.1
117 5
4.0
141.6
137 6
3.2
148.6
145.5
8.2
153.6
145.3
17.3
148.2
130.9
24.2
140.7
116.4
22.1
148.5
126.4
21.7
153. 8
132.1
9.7
151.3
141.7
Govt. purchases of goods and services, total . do
Federal
do
National defense
. ._
do
State and local
do
269.9
102.0
73 4
168 0
301.1
111.7
77 4
189 4
331.2
123 2
84 0
265.7
104.1
74 0
161 6
265.7
99.9
73 0
165 8
270.0
100.0
72 3
170 0
278.4
104.0
74 2
174 5
287.5
106.1
74 8
181 4
296.5
108.9
75 8
187 6
305. 9
113.6
78.4
192 3
314.4
118.2
80.5
196 3
321.2
119.4
81.4
201.9
324.7
119.2
82.1
205.5
334.1
124.2
84.9
209.9
344.8
129.9
87.4
214.8
348.4
131.2
87.0
217.2
do
1, 288. 8
-do
582 3
do
228 8
do ..
353 5
do
559 5
do. ._
147 0
1,397.2
626 5
238 5
388 0
624 1
146 6
1, 513. 5 1,252.6 1,273.5 1,304.1 1,325.0 1,356.1 1,381.7 1,420.0 1,430.9 1,458.4 1,490.2 1,530.6
683.5
701.1
660.2
690 9
637.3
565 6
573 9
589 7
640 2
600 1 607 9
6?0 6
267.5
258.8
243.8
237 7
239. 3
231 4
245.8
261 7
226 5
228 2 230 2
230 2
433.5
499 2
424. 7
416.4
398. 0
359 5 369 9
394 4
383 0
339 0
345 6
376 6
688.1
659. 3
672.0
632.5
649.7
681.3
552 7
602 1 612.0
565 8
540 8
578.8
141.4
134.6
143. 9
138.9
141 3
148 6
146 1
146 3
147 0
146 1 149 1 147.2
1,574.9
718.7
276.7
442.1
705.9
150.3
1,602.2
723.7
281.4
442.3
725.3
153.2
Fixed investment
Nonresidential . _ -_
Structures
Producers' durable equipment
Residential
Change in business inventories
Nonfarm
_
Net exports of goods and services
Exports
Imports
By major type of product:!
Final sales, total
Goods, total
. .Durable goods
Nondurable goods
Services
_
Structures
_-
Change in business inventories
Durable goods
Nondurable goods
do
do
do
17 5
10 3
7.2
97
75
2.2
bil. $-- 1, 233. 4
1,210.7
9Q8 0
12 4
68
5.6
14 3
9 5
4.9
15 6
11 4
4.2
27 7
13 5
14.2
14 9
6 7
8.2
9.3
2 7
6.5
5 9
-1.4
10.4
14.9
-4.4
-24.8
—14.6
-10.2
-29.6
-15.5
-14.1
-2.1
-5.6
3.5
-2.0
-6.8
4.8
14.1
-5.8
19.9
1, 186. 1 1,227.7
1,228.4
1,236.5
1,240.9
1,228.7
1,217.2
1,210.2
1,186.8
1,158.6
1,168.1
1,201.5
1,21<3.2
1,238.4
764.1
771.6
779.4
793.7
115.3
310.7
353. 3
121.3
315.7
356.8
14 6
— 10 6
-4.0
4.4
GNP in constant (1972) dollarsf
Gross national product, totalf
Personal consumption expenditures, total.. do
Durable goods
Nondurable goods
Services
-
.
.. .
do
do
do -.
Gross private domestic investment, total. ..do
Fixed investment
do
Nonresidential
do
Residential _ _ _
. . . . . . ..do
Change in business inventories
do ..
Net exports of goods and services
do
Govt. purchases of goods and services, total -do
Federal
.
...
do
State and local
do
766.3
759.8
766.9
765.8
766.2
770.5
762.8
760.0
763.2
767.2
748.9
752.3
120 9
309 6
335 8
112.5
303 0
344 4
109 5
306 6
350 7
124 0
310 6
331 2
122 7
308 2
335 3
121.2
311 4
337 9
115.7
308 3
338.9
114.7
304 5
340 8
115.5
303 8
343.9
116.8
304.7
345.7
102.9
298.9
347.2
104.0
300.8
347.5
106.5
306.9
350.8
112.3
308.0
351.2
207.4
180.0
138.3
205.0
206.1
206.0
212.6
195.9
183.8
173.2
166.9
129.7
124.1
147.8
151.4
166.0
148.7
110.6
38.0
-.8
153. 0
112.3
40.7
— 1.6
156. 5
114.4
42.1
9.5
191 4
131 3
60.1
16 0
172 2
127 5
44.7
7.7
148 98
112
36 6
— 10 5
193 2
128 6
64.5
11 9
192 5
130 2
62.3
13 6
7.2
16.6
23.4
2.1
5.6
257.6
250.5
252.5
254.3
254.7
94 9
96 1
94 3
95 0
100 4
155.5
156.3
163.3
154.3
159.3
r
Revised.
P Preliminary.
f Revised series. Estimates of national income and
product and personal income have been revised back to 1946 (descriptive material and earlier
data appear in the Jan. 1976 SURVEY, Parts I and II); revisions prior to Nov. 1974 for personal
191 8
132 4
59.4
14 2
188 2
133 9
54.3
24.4
183 6
134 5
49. 1
12 4
177 0
129 9
47.1
6.8
169 0
125.0
44.1
4.2
159.3
120.8
38.5
7.6
148.7
115.2
33.6
-19.0
144.8
110.8
34.0
-20.7
23.8
17.1
23.5
24.9
21.5
17.4
15.1
12.1
15.3
18.7
8.9
261.6
261.6
258.7
254.9
255.1
253.6
254.7
255.0
251.1 253.5
254.0
95.8
96.1
94. 9
92.4
93.7
94.7
95.7
94 7
94 2
94 9
94 7
165.7
165.5
163.8
162.5
161.4
158.9
160.2
159.0
158.5
156.9
159. 3
1
Includes data for items not shown
income appear in table 2.2 in the Jan. 1976 SURVEY.
separately.
S-l
204-921 O - 76 - SI
SURVEY OF CURRENT BUSINESS
8-2
Unless otherwise stated in footnotes below, data
through IS. 2 and descriptive notes areas shown in
the 1973 edition of BUSINESS STATISTICS
1973
1974
I
1973
1975
II
Annual total
III
April 1976
1974
IV
I
II
1975
III
IV
I
1976
II
III
IV
IP
II
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCTf— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
Implicit price deflators:!
Gross national product
Index, 1972=100..
Personal consumption expenditures
do
Durable goods
do
Nondurable goods
do
Services
do.. .
Gross private domestic investment:
Fixed investment.. .
do
Nonresidential
do
Residential
do
Govt. purchases of goods and services
do
Federal
do
State and local
do
National income, totalf
105. 92
105.5
101.7
108.0
104.6
116.20
116.6
108.4
124.0
112.7
126. 37
125.7
116.9
133.6
121.5
104.84
104.5
101.4
106.4
103.8
106.73
106.2
102.0
109.0
105.1
109.01
108.8
102.8
113.1
106.9
111.58
111.8
103.2
118.2
108.9
114.28
115.0
106.6
106.0
104.0
110.6
106.9
106.1
107.5
117.6
116.0
122.1
118.4
117.6
118.9
132.6
132. 3
133.3
128.6
130.6
127.4
105.3
103.3
109.7
106.1
105.3
106.6
107.2
104.7
112.9
107.5
106.1
108.3
108.5
106.0
114.9
109.8
109.5
110.0
110.9
108.5
117.4
113.2
112.1
113.8
bil. $.. 1, 067.3
1,141.1
1,207.8
1,052.9
1,078.1
1,106.8
797.7
700.9
552.3
22.1
126.5
96.8
873.0
763.1
603.0
22.3
137.7
110.0
921.4
801.6
627.3
23.0
151.3
119.8
787.8
692.5
545.5
21.9
125.2
95.3
805.4
707.6
558.2
21.8
127.6
97.8
828.0
727.1
573.9
22.5
130.6
101.0
91.7
32.4
59.3
85.1
25.6
59.5
83.3
24.6
58.7
90.1
31.2
58.9
95.0
35.2
59.7
21.3
21.0
21.1
21.2
21.3
91.3 '100.3
99.6
98.9
82.5 ' 100. 1
17.3
16.2
65.3 ••83.9
37.4
'45.2
11.8 '17.8
90.8
17.5
73.2
44.8
24.7
91.4
17.4
74.0
42.6
23.8
92.0
17.9
74.1
42.4
20.9
8.8
5.9
8.1
6.6
8.6
6.5
132.1 ' 116. 8
52.6
'45.6
79.5
'71.2
31.1
32.8
48.4
'38.4
117.9
48.8
69.1
27.2
41.9
-10.8
-5.7
81.6
1,154.7 1, 245. 9
171.2
169.2
983.6 1,076.7
909.5
987.8
74.0
88.9
Compensation of employees, total
. . do
Wages and salaries, total
..do
Private
do
Military
do
Government civilian _.
.
do
Supplements to wages and salaries
do
Proprietors' income with inventory valuation
and capital consumption
adjustments,
total
bil. $
Farm
do
Nonfarm .
._
.
do
Rental income of persons with capital consumption adjustment
bil. $
Corp. profits with inventory valuacion and capital consumption adjustments, total _-bil. $ .
Jorp. profits with invent, val. adj.:
Domestic, total
do
Financial -. - . do
Nonfinancial total 9
do
Manufacturing total 9
do
Durable goods
do
Transportation, communication, and
electric gas and sanitary serv
bi^. $
Rest of the world
do
Profits before tax total
Profits tax liability
Profits after tax
Dividends
Undistributed profits
.
do
do
do
_ . do
do
Inventory valuation adjustment
Capital consumption adjustment
Net interest
do
do
do
100.2
91.7
17.4
74.3
43.8
24.0
8.5
6.8
117.0
48.2
68.8
27.8
40.9
-18.4
1.6
56.3
7.0
11.0
-38.5
-2.3
70.7
111.3
117.70
118.3
110 4
126.0
114.2
121.45
121.3
114 0
129 5
116.4
123.74
123.1
114 4
131 0
119 0
125.04
124.4
116 3
131.9
120.2
127.21
126.7
117 4
135 2
122.2
129. 33
128.4
119 4
136 4
124 4
130 51
129.6
120 9
136 5
126 5
115.0
112.9
120.7
116.3
114.9
117.1
120.2
118.5
124.9
120.1
118.6
121.0
125.4
125.0
126.7
124.0
124 8
123.6
130 1
129.6
131 6
125 9
127 3
125 1
131.9
131.8
132.3
127.3
128.9
126.4
132.6
132.6
132 5
129.2
130 9
128.2
135 5
135.3
136 1
131 8
135 3
129 8
137 7
137 1
139 5
133 2
136 9
131 0
1,122.3
1,129.6
1,151.3
1,161.3
1 155.2 1,180.8
,232.5
262 6
843.9
738.7
583.1
22.3
133.2
105.2
863.9
755.6
597.6
22.1
135.9
108.3
886.3
774.3
613.6
21.9
138.8
112.0
898.1
783.6
617.7
23.0
142.9
114.4
897 1
781.0
611 7
22.9
146.4
116.1
905.4
787.6
615.0
22.8
149.7
117.8
928 2
807.3
631 9
22 8
152.6
120.9
955 1
830.7
650 5
23 6
156. 5
124.4
982 2
851 1
668 5
23 6
159 0
131 1
96.0
36.8
59.3
93.0
33.7
59.3
81.8
22.3
59.5
82.1
21.9
60.2
83.6
24.6
59.0
79.6
21.0
58.6
78.6
20.1
58.5
88.0
29.3
58.7
87.1
28.2
58.9
84 9
25 3
59.6
21.1
21.1
21.0
20.9
20.9
20.8
20.5
20.9
22.0
22 7
99.6
94.3
89.2
82.0
78.9
96.6
113.1 ' 112. 7
85.9
17.2
68.7
40.9
16.5
87.2
17.1
70.2
39.8
11.6
82.0
18.3
63.7
37.0
75.1
16.5
58.6
31.9
77.6
18.3
59.3
30.0
8.9
95.7
15.5
80.2
43.5
16.0
113.4
14.9
98.6
54.6
24.5
8.2
7.7
6.2
14.4
7.3
8.8
7.7
10.0
11.0
5.1
5.8
7.9
5.8
11.3
115.8
47.8
68.0
28.1
39.9
119.1
48.6
70.5
29.5
41.0
128.3
49.4
78.9
30.0
48.9
129.6
52.6
77.1
30.9
46.2
146.7
59.3
87.4
31.7
55.7
123.9
49.2
74.7
31.7
43.0
97.1
37.5
59.6
32.1
27.5
108.2
41.6
66.6
32.6
34.0
129.5 ' 132. 4
50.7
'52.5
78.8
'79.9
33.5
33.1
45.3 '46.8
-20.6
2.2
54.3
-17.9
1.0
57.6
-19.5
.7
61.3
-28.0
-.7
64.8
-33.7
-1.7
68.7
-54.7
-2.7
72.7
-37.7
-4.2
76.7
-13.7
-4.5
78.7
-6.6
-5.0
79.7
-9.9
-6.5
82.2
1,039.0
147.3
891.7
821.8
70.0
1,067.8 1,098.8
153.7
158.9
914. 1 939.9
840 3
853.4
73.8
86.5
1,115.9
162.1
953.8
872.6
81.2
1,136.6
168.4
968.2
901.4
66.8
1,171.6
175.3
996.3
931.7
64.6
1,194.8
178.9
,015.9
932.4
83.6
1,203.6
179.6
,024.0
950.4
73.6
1,223.8
142.1
,081.7
974.2
107.5
100.4
122 A
9.7
9.2
6.7
6.2
' 113. 6
16.1
'97.4
52.8
21.9
11.0
5.8
-13.1
-6.6
85.7
89.2
DISPOSITION OF PERSONAL INCOME f
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§
b'l $
do
do
do
do
1,054.3
151.2
903.1
830.4
72.7
1,261.7 1,294.5 1, 324. 4
174.6
180.5
184.4
, 087. 1 1,114.0 1, 140. 0
,001.3 1,025.4 1, 053. 6
85.9
88.6
86.3
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries f
Nondurable goods industries 1
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 1
Nonmanufacturing
Mining
Railroad - .
Other transportation
bil. $
do_
do
. . do ....
99.74
38.01
19.25
18.76
112. 40
46.01
22.62
23.39
112. 78
47.95
21.84
26.11
24.73
9.16
4.65
4.51
25.04
9.62
4.84
4.78
28.48
11.43
5.84
5.59
24.10
9.49
4.74
4.75
28.16
11.27
5.59
5. 69
28.23
11.62
5.65
5.96
31.92
13.63
6.64
6.99
25.82
10.84
5.10
5.74
28.43
12.15
5.59
6.55
27.79
11.67
5.16
6.51
30.74
13.30
5.99
7.30
126. 56
11.05
4.94
6.12
i 30. 19
12.84
5.65
7.19
.do
do
do
do
do
61.73
2.74
1.96
2.41
1.66
66.39
3.18
2.54
2.00
2.12
64.82
3.79
2.55
1.84
3.18
15.57
.71
.46
.72
.43
15.42
.69
.48
.57
.44
17.05
.71
.56
.60
.47
14.61
.68
.50
.47
.34
16.89
16.61
18.29
14.98
16.28
.91
.59
.44
.62
.97
.71
.47
.77
16.12
17.44
15.51
17.35
.89
.49
.35
.67
.97
.51
.39
.82
do
. . do
__.do
do
do. .
18.71
15.94
2.76
12.85
21.40
20. 55
17.63
2.92
13.96
22.05
20.14
17.00
3.14
12.74
20.60
4.59
3.91
.68
3.27
5.40
4.82
4.04
.77
3.19
5.24
5.36
4.54
.82
3.53
5.83
4.38
3.85
.52
3.19
5.05
5.30
4. 56
4.42
3.84
4.94
4.15
5.07
4.41
5.86
5.01
3.78
5.97
3.11
4.88
3.22
5.19
3.14
5.00
.86
5.46
3.39
5.57
3.26
5.52
.65
28.04
28.79
do
do_.
do
do
97.76
36.58
18.64
17.94
100.90
38.81
19.73
19.08
103.74
40.61
20.48
20.13
107. 27
42.96
21.43
21.53
111.40
45.32
22.50
22.82
113.99
47.04
23.08
23.96
116. 22
48.08
23.28
24.80
114.57
49.05
22.86
26.20
112.46
48.78
22.59
26. 19
112.16
47.39
21.01
26.38
111.80
46.82
21.07
25. 75
do
do
do
61.18
2.77
1.75
2.72
1.62
62.09
2.82
1.95
2.49
1.79
63.12
2.76
2.05
2.20
1.73
64.31
2.80
2.10
2.13
1.63
66.08
3.07
2.42
2.21
1.84
66.94
3.27
2.68
1.84
2.16
68.14
3.56
3.05
1.81
2.71
65.52
3.76
2.39
2.09
2.82
63.68
3.78
2.70
1.60
2.75
64.76
3.82
2.75
2.12
2.99
64.98
3.82
2.39
1.65
3.56
_
do
18.58
18.08
Public utilities
do
16.00
15.55
Electric
do
2.52
2.58
Gas and other
do
13.12
12.70
Communication
do
21.36
21.55
Commercial and other
do..-.
r
Revised.
P Preliminary.
» Estimates (corrected for systematic biases) for Jan.Mar. 1976 and Apr.-June 1976 based on expected capital expenditures of business. Expected
2
expenditures for the year 1976 appear on p. 18 of the Mar. 1976 SURVEY.
includes communication.
tSee corresponding note on p. S-l.
9 Includes data for items not shown
.78
.64
. 61
. 49
.75
.80
.64
.43
.58
5.20
4.42
.78
.91
.78
.48
.71
5.67
4.80
.87
.58
.79
.94
.62
.50
.85
5.07
4.16
.91
.97
.62
.43
.93
5.70
4.85
.85
1 118.70 1 119. 62
51.45
50.24
22.74
22.32
28.72
27.92
68.47
3.70
2.04
1.64
3.49
68.17
3.78
1.96
1.34
3.11
23.17
23.21
20.93
19.52
20.91
20.16
20.28
19.79
20.97
20.12
19.80
19.81
17.92
17.76
16.41
19.58
17.47
17.03
16.58
18.10
17.12
16.72
3.36
3.64
3.17
3.00
3.21
2.68
3.25
3.11
2.87
3.08
3.00
14.04
12.22
12. 95
12. 50
14.01
13.36
13.94
13.83
13.24
22.04
2
34.
81
20.44 234.39
22.84
20.82
20.34
20.83
21.63
21.69
21.35
separately.
©Personal outlays comprise personal consumption expenditures, interest
paid by consumers to business, and personal transfer payments to foreigners (net).
^Personal saving is excess of disposable income over personal outlays.
IJData for individual durable and nondurable goods industries components appear in the
Mar., June, Sept., and Dec. issues of the SURVEY.
SURVEY OF CURRENT BUSINESS
April 1976
1973
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown in
the 1973 edition of BUSINESS STATISTICS
1973
1975 P
1974
S-3
Annual total
I
1974
IV
III
II
I
II
1975 9
III
IV
I
II
1976 9
III
IV
I
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
U.S.
I
BALANCE OF INTERNATIONAL
PAYMENTSo"
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil. $ 102, 051
71, 379
Merchandise adjusted excl. military
do
Transfers under U.S. military agency sales con2,342
tracts
mil. $
Receipts of income on U.S. investments
abroad
mil. $. 13, 998
14,333
Other services
do
144,448
98,309
47, 548
07, 184
22,329
15, 423
24, 144
16, 958
4,177
955
do
do
Unilateral transactions (excl. military grants), net
mil. $..
Balance on current account
.
do
Long-term capital, net:
U S Government
- do .
Private
-- - do
Balance on current account and long-term capital
mil. $..
Non-liquid short-term private capital flows, net
mil. $.
Allocation of special drawing rights (SDR) do
Errors and omissions net
do .
-3,841
335
-1,490
177
-977
-4, 238
29, 298
20, 547
33,337
22,464
35,510
24,218
37,187
25,034
36, 955
27, 056
35, 339
25, 843
36, 988
26, 596
38, 267
27, 689
2,944
3,981
347
455
531
1,009
663
678
766
837
949
800
1,070
1,162
17, 8"5
18, 509
3,123
3,436
3,304
3,427
3,576
3,724
3,995
3,747
6,129
4,081
6,447
4,167
7,054
4,333
6,438
4,545
4,306
4,644
4,247
4,449
4,676
4,646
4,646
4,770
3,825
-5, 277
16, 500
9,045
-361
-911
166
-231
-755 -1,015
-7,182 -4,583
-849
-3,357 11,916 -1,116
1,119 -1,726
-8, 463 -8,789
-10,702
-334
57
54
-290
1,401 -1,393 -1,085
-12,936 -2,819 -1,543 -1,497
4,556 -3, 875
-24,729 -26,478 -30,345 -35,432 -37,422 -37,424 -34,082 -30,403 -32,515 -34,049
-17,737 -19,164 -22,587 -25,677 -27,349 -27,973 -25,561 -22,569 -24,485 -25,524
-1,072 -1,177 -1,166 -1,324 -1,279 -1,335 -1,303 -1, 209 -1, 120 -1, 167
-2,413 -2,511 -2, 884 -4, 483 -4, 700 -3,879 -3, 121 -2, 847 -2, 903 -2, 974
-3,507 -3,626 -3, 708 -3, 948 -4, 094 -4, 237 -4, 097 -3, 778 -4, 007 -4, 384
1,553
714
2,820
1,383
2,992
-123
78
-1,459
-235
-2,315
2,873
1,495
-442
-769
1,706 -1,297
1,411
264
484
83
-999 -2, 157
1,917
1,701
-2, 302 -3, 574
-6,529
-977
-5, 265
-2, 305
1,949
1,236
2,485
-419
59 -1,257 -3, 908
-1, 458
863
-150
726
1,014
1,313
1,135
Net liquidity balance
_
do
Liquid private capital flows, net
-dl
Official reserve transactions balance
do
Changes in liabilities to foreign official agencies:
Liquid.
.
mil. $.
Other readily marketable
do -Nonliquid
_. _ _
do
Changes in U.S. official reserve assets, net-.-do..Gross liquidity balances, excluding SDR
do_._
3,138 -6,811 -1,719
-18,940
2,270
10, 543 -5, 601 -3,818
551
-8, 397 -2, 463 -10,629
1,826
492
2,318
-950
3,399
2,449
-1, 193
1,745
552
-6, 254
2,054
-4, 200
-3, 897
4,014
117
4,456
1,118
-475
209
-9, 602
9,250
8,503 i 1, 007
2,072
1,202
673
i -9
-43
655
220
-607
-1, 434
-25,207 -6,062 -8,569
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown in
the 1973 edition of BUSINESS STATISTICS
1974
4,698
989
-1,380
4,936
3,274
4,473
2,111
4,218
2,165
-900 -1,173 -2, 966 -1,865 -1,265 -1,088 -1, 175 -1, 183 -1, 027 -1, 201
653
1,647
26 -1,787 -1,500
-99
1,698
3,753
3,446
3,017
-7, 651
2,343
-5,308
-2,436
38,413
26,593
26, 068
17, 126
-97,875 -140,623 -131,049 -22,690 -23,978
Imports of goods and services^!
do
-70,424 -103,586 -98,139 -16,334 -17,189
Merchandise adjusted excl. military
do
Direct defense expenditures^ - do. _ -4, 658 -5, 103 -4,800 -1,174 -1,236
Payments of income of foreign investments in the
U S
mil. $ -8,819 -15,946 -11,845 -1,799 -2,096
-13,973 -15,988 -16,266 -3, 383 -3,457
Other services
do
Balance on goods and services total
Merchandise adjusted, excl. military
26, 282
18, 451
-994 -1,864 -1,933
-62
11
-354
259
-278
-452
-2
167
-147
-210
17
-13
-15
-835
1,306 -1,507 -3, 813
-860
-469
-350
-477
-430
-5, 570 -2, 206 -2, 421 -1,573 -2,591
982
-966
446
-7, 598
3,457
462
2,730 -6, 623 -2, 232
-4, 868 -3, 166 -1,770
1,396
-4
-1,893 -1,909
936
690
439 -1, 223
4,569 -1,315
5,008 -2, 538
3,930
751
3,886
2,686 i 1, 394 1-4,962 1 1, 892
185
136
630
811
406
297
558
i _i
-1
443
215
-6
i -1
i -1
-358 -1,003
137
-325
-342
-29
89
-7, 551 -4, 146 -9, 699 -1, 339 -1,869
874 -3, 731
1975
1975
Feb.
Annual
Mar.
Apr.
May
June
July
1976
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
1,300.2
1,313.6
Feb.
Mar. v
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates:t
Total personal income
bil. $
1 154.7 , 245. 9
1,203.2
1,205.0
1,209.0
1,217.2
1,245.2
1,244.0
1,262.4
1,278.7
1,287.4
1,295.9
r
l 395 9 1 333 5
Wage and salary disbursements, total
do
Commodity-producing industries, total-do
Manufacturing
do
Distributive industries
do . _
763.6
273.7
211.2
184.3
801.6
273.6
211.2
195.1
779.1
266.1
204.3
190.2
781.7
265.9
204.4
190.7
782.7
265.8
204.9
190.9
787.4
267.0
205.6
191.7
792.7
268.8
207.2
192.9
797.4
270.9
208.8
193.9
808.8
275.6
213.2
197.7
815.6
279.5
216.6
198.2
824.1
281.7
218.7
200.2
831.2
283.2
219.7
202.4
836.8 ' 846. 0
286.9 ' 291. 2
223.3 ' 226. 9
202.9 ' 205. 8
••851. 6
'293.0
'228 4
' 207. 2
855.8
295.0
230.4
207.8
Service industries
Govt. and govt. enterprises
Other labor income
Proprietors' income:A
Farm
.
Nonfarm
145.0
160.6
54.5
158.6
174.3
61.3
153.5
169.3
59.0
154. 6
170.5
59.4
154.5
171.5
59.8
156.1
172.6
60.3
157.4
173.6
60.8
158.2
174.4
61.4
160.3
175.2
62.0
161.5
176.4
62.6
163.1
179.0
63.2
165.3
180.3
63.8
165.7
181.2
64.4
' 167. 1
181.9
r
65. 2
r
168.8
182.6
'66. 1
169.6
183.4
67.0
25.6
59.5
24.6
58.7
21.0
58.5
17.9
58.6
18.5
58.5
20.1
58.6
21.7
58.6
25.8
58.7
29.3
58.7
32.7
58.8
30.5
58.9
28.3
58.8
25.8
58.9
••25.6
59.1
'25.3
'59.7
25.0
59.9
do
do
do
.
do _.
do
Rental income of persons, with capital con20.5
21.1
20.8
20.5
20.2
21.0
20.8
20.7
22.0
sumption adjustment
bil. $
21.3
21.8
21.0
32.1
33.2
32.1
32.4
32.6
32.9
33.5
33.8
Dividends .
do ... 31.1
32.8
33.9
33.8
119.7
106.5
120.5
116.1
117.5
118.6
121.2
125.1
127.9
Personal interest income
do
116.0
116.6
122.9
167.2
189.0
176.8
181.4
Transfer payments
... ._.
do ..- 140.4
175.0
165.4
180.6
168.6
169.3
178.1
181.3
48.9
49.5
50.0
51.2
48.9
49.1
50.4
50.7
Less personal contributions for social insurance bil. $.
47.4
48.8
49.3
49.8
Total nonfarm income. ..
._ . do
1,119.1 1,210.2 1,171.3 1,176.2 1, 179. 7 1, 186. 2 1,212.5 1, 207. 2 1, 222. 1 1, 234. 8 1, 245. 6 1,256.3
22.9
22 5
22.7
22 2
33.4
33.2
'33.3
31.7
132.9
130., 4
131.8
129 0
190.2
182.9
184.7 ' 188.9
53.4
53.5
51.6
53.3
1,262.9 1, 276. 3 '1,288.9 1, 296. 7
FARM INCOME AND MARKETING*
Cash receipts from farming, including Government
payments, totalt
mil. $
94 051
91,380
5,592
5,617
5,663
5,784
6,665
7,700
7,663
8,741
11,352
10,224
8,799
8,086
6,150
93, 521
52 097
41 424
9,399
25 257
6,285
90, 572
47,327
43, 245
9, 790
26 110
6,871
5,442
2,541
2,901
719
1 676
468
5,521
2,448
3,073
811
1,735
494
5,606
2,291
3,315
807
2 002
463
5,752
2,202
3,550
844
2,151
511
6,651
3,101
3,550
808
2 174
527
7,674
4,070
3,604
793
2,155
615
7,619
4,052
3,567
792
2 108
628
8,695
4,606
4,087
798
2 598
656
11,276
6,809
4,467
861
2,884
685
10,174
6,230
3,944
861
2,426
623
8,722
4,745
3,977
940
2,310
677
8,003
4,183
3, 820
964
2, 241
576
'6,097
'2,371
' 3, 726
'878
' 2, 283
'527
Indexes of cash receipts from marketings and CCC
loans, unadjusted:J
All commodities ... .. .
1967=100..
Crops .
do
Livestock and products
do
218
283
170
212
257
177
153
165
143
155
159
151
157
149
163
161
143
175
186
202
175
215
265
177
214
264
176
244
300
201
316
443
220
285
406
194
244
309
196
224
272
188
Indexes of volume of farm marketings, unadjusted :t
All commodities ..
1967-100
Crops
do
Livestock and products. _ .
.
.
do
111
122
104
115
129
105
89
80
94
89
73
100
89
69
103
95
120
93
134
112
159
90
111
169
128
99
64
143
80
170
234
225
126
70
99
129
151
117
102
105
112
109
102
123
99
100
101
110
-19,627; 1953-59 direct defense expenditures, -2,615; -2,642; -2,901; -2,949; -3,216; -3,435;
-3,107.
tSee corresponding note on p. S-l.
ATncludes inventory valuation and capital
consumption adjustments.
{Series revised beginning 1959; revisions for periods prior to
May 1974 are available from the U.S. Dept. of Agr., Economic Research Service.
V includes data for items not shown separately.
Farm marketings and CCC loans, total
Crops
Livestock and products, total 9
Dairy products..
Meat animals
Poultry and eggs
do
do
do
do
do
do
' Revised.
* Preliminary.
1 All nonmarketable U.S. Treasury securities issued to
foreign official reserve agencies are included in U.S. liquid liabilities to foreign official agencies
beginning second quarter 1975.
cf More complete details, as well as revisions back to 1960,
appear on p. 26 ff. of the June 1975 issue of the SURVEY.
^Annual data in the 1973 BUSINESS STATISTICS should read as follows (mil. $): 1956 total imports of goods and services,
171
154
183
6,200
2,100
4,100
1,000
2,500
600
173
133
203
SUKVEY OF CUKKENT BUSINESS
S-4
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown in
the 1973 edition of BUSINESS STATISTICS
1974
1975 P
April 1976
1975
Mar.
Feb.
Annual
Apr.
May
June
July
1976
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb."
Mar.«
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION d"
Federal Reserve Board Index of Quantity Output
Not seasonally adjusted:
Total index d 1 -By market groupings:
Products, total
Final products
Consumer goods
Automotive products.
Home goods and clothing
Equipment
1967=100..
124.8
113.7
111.4
110.6
110.4
110.6
114.5
109.4
115.5
120.3
119.6
117.5 ' 114. 5 ' 116. 5
120.4
121.3
do
do
do
do
do
do
123.1
121.7
128.8
110.0
124.6
111 7
115.7
115.5
124.0
99.1
110.2
103 6
112.8
112.9
117.9
80.3
106.7
106.0
112.3
112.2
117.4
90.3
103.8
104 9
112.5
112.0
118.7
101.4
105.4
102.8
112.7
112.4
119.4
103.7
106.3
102.7
117.7
117.7
127.1
109.9
113.2
104.6
113.6
113.3
122.7
89.4
103.0
100.2
118.6
118.3
130.9
96.6
115.8
100.6
122.9
123.0
135.9
112.8
120.6
105.1
120.8
120.4
132.0
117.8
121.3
104.3
118.0 ' 114. 4 '116.5
117.3 ••113.9 ' 116. 7
127.6 ' 122. 1 ' 126. 7
111.2 ' 95. 9 ' 110. 1
116.8 ' 108. 9 '112.4
103.0
102.9
102.4
120.4
120.5
131.0
121.0
121.1
105.7
121.5
121.3
132.1
125.1
122.0
106.4
do
do
128.3
127.4
116.3
110.5
112.5
109.0
112.5
107 8
114.2
106.9
113.5
107.2
117.5
109.2
114.9
102.5
119.9
110.3
122.4
115.9
121.9
117.5
120.3
116.7
' 115. 5 120.0
120.4
116. 3
122.0
121.1
By industry groupings:
Manufacturing
Durable manufactures
Nondurable manufactures
do
do
do
124.4
120.7
129.7
112.1
105.7
121.4
109.8
106.4
114.8
108.5
105.7
112.6
109.0
105.0
114.7
109.1
104.1
116.5
113.0
106.7
122.2
106.7
99.0
117.9
113.4
103.8
127.0
118.7
109.2
132.2
119.0
109.6
132.4
117.2 '112.9 ' 114. 3
108.3 ' 105. 3 ' 106.8
129.9 ' 123. 9 ' 125. 2
119.8
112.1
130.8
121.1
113.8
131.7
Mining and utilities . .
do
127.3
127.5
126.8
126.1
124.2
122.7
127.1
130.0
134.4
133.3
125.7
124.2
' 126. 2 ' 130. 4
127.5
128.4
do
124 8
113 7
111.2
110 0
109.9
110.1
111.1
112.2
114.2
116.2
116.7
117.6
r
120.2
120.9
123 1
121 7
128 8
115 7
115 5
124 0
113.7
113.4
118.9
112 4
112.2
118.2
113.0
112.6
119.7
113.4
113.7
121.2
114.2
114.5
123.3
115.3
115.7
125.5
115.8
115.9
125.7
116.9
116.9
126.8
116.9
117.0
127.0
118.0
117.9
128.9
' 119. 3 ' 120. 2
' 119. 0 '119.7
* 130. 2 ' 130. 9
121.1
120.5
131.6
121.5
121.0
132.2
127.9
110.0
94.9
139.0
112.5
99.1
86.9
122.3
101.0
78.2
58.9
115.5
103.1
86.8
73.1
113.2
107.8
93.6
82.4
115.2
110.5
97.6
86.3
119.3
113.2
103.4
93.2
122.8
115.9
106.9
97.7
124.8
116.1
105.9
96.8
123.2
118.3
106.7
97.9
123.5
118.3
108.9
101.2
123.9
118.8 '119.5 ' 120. 8
109.3 '111.3 '111.6
100.0
99.2
100.1
127.2 ' 132. 7 ' 135. 2
122.4
115.1
105.2
134.2
123.8
117.2
108.0
134.5
138.0
132.0
153 5
120.1
101.8
133 8
114.0
89.0
132.3
112.3
85.0
127.9
115.9
96.7
127.8
117.8
102.3
128.6
118.8
103.5
131.1
121.0
104.8
135.5
121.9
106.5
136.0
125.0
108.4
137.6
123.6
105.4
137.9
124.2
104.6
139.3
126.6
110.6
143.1
127.5
112.0
do
do
do
do ..
do
129.2
109 0
134.5
125.4
144.0
128.4
98 7
136.2
125.3
147.7
125.6
Q4 5
133.6
123.2
144.5
124.2
90 9
132.7
120.7
145.3
124.0
89.2
133.3
122.7
144.3
125.3
94.4
133.4
122.4
145.3
127.2
97.7
134.9
124.2
146.4
129.0
101.6
136.3
125.5
147.7
129.4
102.0
136.6
125.8
148.0
130.1
101 5
137.8
126.4
149.9
130.5
104.5
137.3
127.2
148.1
132.7
106.2
139.7
130.0
Equipment
do
Business equipment
do
Industrial equipment?
do
Building and mining equipment.do
Manufacturing equipment. . do ..
111.7
129.4
128.7
136.0
121.7
103.6
116.7
116.8
133.7
106.0
105.3
119.3
120.4
137.0
109. 4
103.9
117.0
118.8
137.7
106.6
103.0
115.4
116.4
132.3
105.6
1C2. 9
115.0
115.3
131.7
105.0
102.2
113.9
114.0
127.7
104.3
102.2
113.9
113.3
126.9
105.5
102.3
114.9
113.4
128.3
105.2
102.8
115.6
114.5
129.7
104.5
102.6
115.7
115.4
133.1
104.0
102.5
115.1
127.8
88.8
114.2
123.2
92.2
114.7
121.5
98.6
113.9
120.7
98.0
114.6
123.0
98.0
116.4
123.4
101.5
116.9
122.6
105.0
116.2
123.3
100.4
116.7
123.3
Intermediate products
Materials
Seasonally adjusted:
Total index..
.
By market groupings:
Products total
Final products
Consumer goods
do
do
do
Durable consumer goods.
do
Automotive products . . .
do
Autos ...
do
Auto parts and allied goods... do. ..
Home goods 9
do
Appliances, TV, home audio... do
Carpeting and furniture
do
Nondurable consumer goods
Clothing
Consumer staples
Consumer foods and tobacco
Nonfood staples .
Commercial transit, farm eq9
Commercial equipment
Transit equipment
Defense and space equipment
r
103.6
r
r
116. 3
114. 6
118.4
r
'119.4
' 124. 1 ' 126. 1
106.0 ' 110. 3
138. 7 ' 140. 4
r
135.4
' 134. 4
108. 2
' 141. 4
' 130. 6
' 152. 7
135.0
' 134. 8
109 5
141.6
'141.5
' 131. 3 131.5
' 152. 1
142.1
132.2
152.6
f 103. 5
' 118. 2
••118. 4
138.0
' 105. 9
'
'
'
'
'
105.0
120.6
119.5
140.1
107.0
105.4
121.4
120.3
140.5
107.8
121.6
128.3
107.8
122. 6
129.4
108.5
r
104. 2
119. 1
118. 4
139. 8
106. 3
118.0
119.8
'125.3
126.9
' 102. 9 ' 105. 2
do
do
do
130.3
141.1
109.6
116.6
125.0
98.1
118.0
130.4
91.5
do
82.3
81.7
82.4
82.1
82.4
82.7
82.9
82.6
81.4
81.6
81.1
79.4
113.4
110.1
116.1
112.4
107.6
116.2
112.8
106.8
114.3
108.0
115.4
109.3
120.3
116.6
112.0
120.3
117.0
112.5
120.7
118.5
112.5
' 120. 3 ' 122. 2
' 114. 2 ' 116. 7
' 125. 4 ' 126. 7
111.5
106.1
101.7
100.7
118.3
126.0
118.4
115.1
108.7
103.0
102.4
123.4
133.9
121.3
116 5
110.2
102.4
105.2
125.0
136.1
120.6
116.8
110.9
102.8
107.9
124.9
'
'
'
'
'79.0
'79.3
79.1
78.9
122.9
117.0
123.3
117.2
118.8
114.0
105.2
109.5
120.2
115.4
107.2
110.0
117.2
122.8
128.3
129.6
127.3
116.3
112.2
119.8
115.1
112.1
118.4
112.7
109.1
115.6
Materials
do
Durable goods materials 9
do
Consumer durable parts.
do
Equipment parts
"do"
Nondurable goods materials 9 - _
do
Textile, paper and chem. materials do
Fuel and power, industrial
"do
127 4
127 3
112.1
123 8
128.5
139.8
122.6
110 5
106 4
93! 9
106 3
114 8
120.9
118.8
107 4
107 0
82.1
112 0
105.7
108.5
118.1
105 9
104 7
84.7
108.7
105.3
106.2
118.0
105.2
101.6
86.0
104.6
107.9
110.4
117.5
104.9
100.2
87.7
102.1
109.5
113.2
118.0
106.0
99.8
90.8
97.3
112.3
119.5
106.8
100.3
92.8
96.8
114.0
118.9
121.1
By industry groupings:
Manufacturing, total. ..
do
Durable manufactures
do
Primary and fabricated metals
do
Primary metals
.
do
Iron and steel
do
Nonferrous metals
do
Fabricated metal products. - - - ~ - ~ ~ ~ d o . - ! ~
124 4
120.7
127 5
124 1
119 9
131 2
131.4
112 1
105.7
105 4
97 0
95 9
99* 3
114.8
109 3
104.8
107 7
102 1
105 0
97 4
113.7
107 7
103.5
105.1
98.1
103.1
89 7
112.9
107.9
103.3
103.2
95.0
99.4
89.6
112.4
108.2
102.5
99.8
89.9
90.1
91.9
110.9
109.5
103.2
100.8
91.8
88.7
97.0
110.9
110.6
103.4
100.7
92.8
87.0
103.8
109.7
112.8
105.4
104.1
96.5
90.4
108.1
112.7
114 7
107.0
106. 1
97 2
91 3
107 3
116.1
115 8
107.6
105.9
97 0
93 2
106 0
115.9
116.3 ' 117. 0 118.0
107.8 r 108. 1 '109.0
107.1 ' 105. 6 ' 108. 3
98.1 '95.1 '99.9
96.0
92.2 '96.2
104.2
'99.8 ' 108. 7
117.3 ' 117. 3 ' 117. 7
119.3
110.3
110.9
103.9
101.3
108.8
118.7
119.9
111.2
111.9
105.5
103.0
103.9
112 8
118 7
106.2
102.4
115 6
123.6
1C6.6
101.5
112 2
119.3
104.3
101.9
110 8
116.8
104.0
101.7
109 0
113.7
103.8
102.3
108.2
112.3
103.8
102.4
108.4
112.9
103.4
103.7
110.0
115.1
104.4
105.0
111 7
116.7
106.1
105.8
112 9
117 7
107.6
106.2 ' 106. 8
114.2 r 115. 1
119.2
119.9
108.6 '109.6
107.5
115.9
120.4
111.3
108.3
116.7
120.9
112.1
Q
95.9
95. 5 '94.2
113.7
110.4 '109.6
78.7
81.1 '79.4
138 7 ' 142 8 143.2
97.4
117.7
77.7
142.6
117.9
' 118. 1
r 122 2
121 4
' 115 7 115.9
118.3
127.1
118 8
134 7
128.3
132.1
110.6
124 3
132.6
110.6
Intermediate products
Construction products
Misc. intermediate products.
Machinery and allied goods 9
Machinery
Nonelectrical machinery..
E lectrical machinery.
do
"do
do
do
do
do
do
116.3
128 1
133 8
125.2
120.7
113.2
81.1
98.0
79.0
77 1
77.6
76.6
134 2
81.0
85.4
76.7
130 6
84.7
93.1
76.6
131.1
87.6
95.0
80.4
129.7
90.5
100.0
81.3
131.0
91.0
103.2
79.3
132.4
92.9
107.2
79.1
132.1
94.3
110.1
79.2
134 5
94 7
111.0
79.0
134 5
94.1
109.4
79.4
137.0
do
do
do
123.6
120.1
109.1
104.6
102.6
104.8
104 1
105 4
105.9
108 0
104 7
107.0
110 3
105 1
108.2
112.0
106.2
110.6
114 5
108 3
113.1
115 5
111 7
114.4
116 8
113 0
112.6
115 0
111 2
Furniture and miscellaneous...
do
Furniture and fixtures
do
Miscellaneous manufactures " ""do
136.1
126.9
144.4
121.5
117.6
105. 6
128. 5
119.7
120.1
1/V7 Q
1 °,1 1
121.1
109 4
131 8
123.1
109 6
135 3
124.3
110 6
136 7
124.6
122.9
111 0
133 7
129.7
108.9
121.4
97.8
116.2
93.2
103 8
90 9
70 0
118.6
94.9
106 9
91 5
71 2
120.8
97.4
110 7
92 9
73 5
123.4
100.2
115 0
95 8
71 7
125.7
104.0
121 2
96 1
81 2
127.2
106.0
Transportation equipment
do
Motor vehicles and parts
do
Aerospace and misc. trans. e q _ _ _ ~ d o ~ V
instruments
do
Lumber, clay, and glass
Lumber and products
Clay, glass, and stone products
Nondurable manufactures
Textiles, apparel, and leather..
Textile mill products
Apparel products
Leather products
Paper and printing . . _
Paper and products
Printing and publishing..
do
do""
do
do
do
Qfi Q
1 99 7
77 Q
00
QQ 8
104 2
7<D
Q
119.6
110.6
118.7
115.6
89.6
113.7
87.5
114.8
90.4
100 4
fifi 7
CO C
CO (1
QO O
Qfi 8
oc A
do
""do
do
oo 9
102.4
121.0
109.6
106.6
104.2
mo
105 8
10<X2
104.0
112.3
105.5
104.7
p Preliminary.
cfMonthly revisions for 1972 are available upon request,
data for items not shown separately.
« Estimated.
for^hin^fnrrJo ^t?™0^ industry reflect updating of seas, factors back to Jan. 1972; those
lor blast furnaces, steel mills reflect (back to 1958) adjustment of sales to annual totals in the
128.7
108.4
125 2
101 3
83 5
116. 8
110. 8
103. 1
107. 9
'
'
'
'
r 125. 7
'
' 137. 7 '
r 117. 2 '
118. 1
112. 8
104. 7
108. 7
126. 0
138. 4
118. 1
'106.5
'114.9
' 119. 5
' 109.9
r
113.9
r H6 I
r H2 6
' 124. 1 ' 125. 4
r H2 2
r H5 1
135 1 r 134 7
130.0 '131.2
' 109. 7 ' 110. 5
r 126 8
r 195 2
103 2
81 5
r 83 4
r
106 0
119.2
84 9
120.7
116.8 ' 119. 2 120.0
114.7
113.9
114.8
107.4
107.3
110.8
103.9
127 3 r 129 2 ' 132 6 133 1
124 0
127 0
109 5
111 7
116 4
105 8
111.2
111.7
'
110.
1
106.2
'
108.
5
loeis
107.'
1
105.9
104.4
107! 1
102.6
1973 Annual Survey of Manufactures, a restatement of the level of new and unfilled orders,
and a recomputation of seas, factors. Revised monthly data are available from the Bureau
of the Census, Wash., D.C. 20233.
SURVEY OF CURRENT BUSINESS
April 1976
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes areas shown in
the 1973 edition of BUSINESS STATISTICS
1974
1975
1975 P
Feb.
Annual
S-5
Mar.
Apr.
May
June
July
1976
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar. •
151. 1
156. 3
128. 7
151. 2
'151.5
' 156. 8
' 124. 2
' 155. 1
P153. 5
P158. 2
P125.9
*159. 0
154.2
158.7
127.2
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION*— Continued
Federal Reserve Index of Quantity Output— Con.
Seasonally adjusted — Continued
Bv industry groupings— Continued
Manufacturing, total— Continued
Nondurable manufactures— Continued
Chemicals, petroleum, and rubber 1967 =100.
Chemicals and products
do
Petroleum products
- do _ .
Rubber and plastics products
do
Foods and tobacco
Foods
Tobacco products
-
Mining and utilities
Mining
- - Metal mining
Stone and earth minerals
Coal oil and gas
Coal
Oil and gas extraction
Crude oil
...
..
_.
Utilities
Electric
Gas
151.7
154.3
124.0
164.4
140.3
143.2
124.4
142.9
132.4
134.6
123.7
132. 0
130.2
133.6
120.1
126.8
131.0
132.8
120.2
133.5
132.4
135.7
118.5
132.7
136.2
138.2
122.4
140.1
140.1
143.4
124.6
141.6
143.6
146.3
126.7
147.8
146.2
148.8
127.1
152.0
148.5
152. 5
126.5
153.1
150.2
155.2
126.8
151.5
- do .
do
do
124.8
126.2
106.4
124.5
125.8
107.3
121.3
122.3
108.4
120.0
121.3
102.6
122.5
122.9
115.9
122 A
123.7
103.8
123.5
125.1
102.2
124.8
126.3
104.8
125.2
126.7
105.7
126.0
127 A
109.3
126.3
127.3
111.9
128.0 ' 129. 3 '130.7
129.1 ' 130. 7 '131.9
113.7
109.9
114.8
P131.2
"132. 6
131.9
133.2
do_. .
do
do
do
do
do
.. do
do
127.3
1C9.3
129.2
109.1
107.3
105.1
107.7
99.8
127.5
106.6
121.7
101.7
105.8
113.8
104.5
95.0
127.3
108. 6
131.1
106.1
106.8
117.5
105.0
97.7
128.8
108.9
125.4
105.1
107.7
117.4
106.1
95.9
128.0
108.5
125.8
104.7
107.4
112.2
106.6
95.0
126.5
105.9
114.8
100.4
105.8
113.6
104.5
94.3
126.8
106.3
110.6
95.3
1C7.6
120.4
105.5
95.7
127.5
106.4
110.3
101.4
106.7
120. 6
104. 5
95.5
127.0
105.0
119.2
98.9
104.4
105.7
104.2
94.7
127.8
105.3
118.5
99.5
1C4.8
113.6
103.4
93.6
127.0
106.4
119.8
100.0
106.1
114.6
104.8
94.6
127.6
106.9
122.1
101.7
105.9
119.9
103.8
93.9
»127. 7
P102. 9
P126. 1
"104. 2
plOO. 4
?104. 8
^99.8
J>91.4
130.4
107.2
149.9
159.5
117.9
153.9
164.9
150.9
161.1
154.1
165.3
153.1
164.2
152.3
163.0
152.6
163.3
153.9
164.9
154.6
165.9
156.1
167.8
152.9 r 153. 9 ' 155. 8 ' 157. 6 P158. 7
163.4 ' 165. 0 r 167. 6
159.6
- - do
do _.
do
'
'
'
'
' 127. 7
' 105. 4
120.9
'99.6
' 104. 7
' 107. 8
' 104. 3
"93.9
128.9
' 106. 0
'T 124. 8
103. 6
' 104. 5
' 109. 4
' 103. 7
'93.4
105.5
126.4
102.2
BUSINESS SALES §
Mfg and trade sales (unadj ) total of A
Mfg. and trade sales (seas, adj.), totalcf A
Manufacturing, totalcf A .. ._.
Durable goods industriescf A ..Nondurable goods industries
Retail trade, total
Durable goods stores
Nondurable goods stores
_
Merchant wholesalers, total O
Durable goods establishments
Nondurable goods establishments
1,967,894 2,016,110 153,843 161,156 163,855 167,972 171,020 163,933 171,052 176,198 182,167 172,665 181,205 '166,119 172, 759
1,967,894 2,016,110 163,388 159,176 162,744 163,349 165,803 169,251 172,301 173,353 175,017 173,826 176,966 '179,027 182, 114
1
981, 985 i 992,687 79, 354 77, 635 80, 703 79, 734 81, 039 83, 029 85, 210 86, 200 87, 403 86, 515 87, 616 '89,276 90, 959
do
512,922 498, 325 40, 132 39, 250 41, 221 40, 494 40, 757 41, 354 42, 444 43, 192 43, 607 42, 352 43, 681 '44,570 45, 687
do
469, 063 494, 362 39, 222 38,385 39, 482 39,240 40,282 41,675 42,766 43,008 43,796 44, 163 43, 935 '44,706 45, 272
do
1
537, 782 i 584,423 46,914 45,951 46,813 48,173 48,578 49,655 49,925 49,549 50,165 50,293 51, 990 '51,592 52, 414
do
167,313 180, 725 14.664 13,378 14,165 14,703 14,965 15,432 15506 15,440 15.775 15,763 16, 877 ' 16, 730 17, 296
do
do__. 370, 469 403, 698 32,250 32,573 32, 648 33,470 33,613 34,223 34,419 34,109 34,390 34,530 35, 113 ' 34, 862 35,118
1
1
448,127 439,000 37, 120 35,590 35, 228 35,442 36, 186 36,567 37,166 37,604 37,449 37,018 37, 360 '38,159 38, 741
do
202,341 185, 922 16, 025 14,992 15, 007 15,024 14,995 15,329 15,187 15,919 15,717 15,779 16, 128 ' 16, 754 17, 032
do
245, 786 253, 078 21, 095 20,598 20, 221 20,418 21,191 21,238 21,979 21,685 21,732 21,239 21, 232 '21,405 21,709
do
mil. $
do
BUSINESS INVENTORIES §
Mfg. and trade inventories, book value, end of year
or month (unadj ) total f©
mil $
Mfg. and trade inventories, book value, end of year
or month (seas adj ) total t©
mil $
Manufacturing, total __
Durable goods industries
Nondurable goods industries.
Retail trade, totalf
_
Durable goods stores
Nondurable goods stores .
Merchant wholesalers, total O
Durable goods establishments
Nondurable goods establishments
.
268,513
262, 801 270,157 270,344 269,779 266,735 264,342 262,275 260,949 262,128 267, 112 268,586 262,801 '264,659 267, 725
271,050
264, 770 270,252 268,449 266,970 264,335 263,749 263,345 264,662 265,087
146, 574 151,993 151,194 150,184 148,951 148,059 147,189 146,583 146,413
95, 754 100,082 99,879 99, 803 99,378 98,796 98,189 97 199 96,640
50, 820 51,911 51,315 50, 381 49,573 49,263 49,000 49,384 49,773
266, 867 266,064 264,770 '266,285 267, 645
146, 510 146,671 146,574 '147,030
96,215 95, 953 95, 754 '95,664
50,295 50, 718 50, 820 '51,366
74, 642 73,839 73, 081 73, 610
33,813 33,712 33, 592 33, 510
40, 829 40, 127 39, 489 40, 100
45,715 45, 554 45, 115 ' 45, 645
27,566 27, 532 27, 476 '27,998
18,149 18, 022 17, 639 ' 17, 647
do
do._
do
150, 404
97, 967
52, 437
do
__ do_.
do
74, 082
34, 649
39, 433
73, 081
33, 592
39, 489
72,308
32, 956
39, 352
71,728
32, 460
39, 268
71,483
32, 375
39, 108
70,826
32, 086
38, 740
70,840
31, 909
38, 931
71,503
32,270
39,233
72, 578
33, 324
39, 254
73,049
33,471
39,578
do
do
do -
46, 564
27,779
18, 785
45, 115
27, 476
17, 639
45, 951
28, 315
17, 636
45,527
28,134
17,393
45, 303
28, 019
17, 284
44,558
27,652
16,906
44,850
27,605
17,245
44,653
27,244
17,409
45,501
27,266
18,235
45,625
27,369
18,256
1.50
1.59
1.65
1.69
1.64
1.62
1.59
1.56
1.54
1.53
1.52
1.53
l.£0
1.49
1.47
1.92
2.49
.86
1.04
.60
1.95
2.54
.87
1.06
.61
1.86
2.42
.82
1.02
.59
1.87
2.45
.82
1.04
.60
1.83
2.42
.80
1.03
.59
1.77
2.37
.78
1.02
.58
1.72
2.29
.75
.98
.56
1.70
2.24
.73
.95
.56
1.68
2.21
.71
.94
.55
1.70
2.27
.73
.97
.56
1.67
2.19
.71
.94
.55
' 1.65
'2.15
.70
.91
.53
1.62
2.09
.68
.89
.52
147, 204
95, 667
51, 537
74, 344
33, 490
40, 854
46, 097
28, 138
17, 959
BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade, total cf©
ratio__
Manufacturing, total cf A- ...
Durable goods industries cf A
Materials and supplies
Work in process
..
Finished poods
-
do
_ do
do
do
do
1.65
2.06
.67
.91
.48
1.80
2.36
.79
1.00
.58
Nondurable goods industries
Materials and supplies.
Work in process
_
Finished goods
..
do
do
do
do
1.19
.47
.19
.53
1.23
.48
.18
.56
1.32
.52
.20
.61
1.34
.53
.19
.62
1.28
.50
.19
.59
1.26
.50
.19
.58
1.22
.48
.18
.56
1.18
.46
.18
.54
1.15
.45
.18
.53
1.16
.45
.18
.53
1.15
.45
.17
.53
1.15
.44
.17
.53
1.16
.45
.18
.53
1.15
.44
.18
.53
1.14
.44
.17
.52
do
do
do
1.54
2.22
1.23
1.49
2.20
1.17
1.54
2.25
1.22
1.56
2.43
1.21
1.53
2.29
1.20
1.47
2.18
1.16
1.46
2.13
1.16
1.44
2.09
1.15
1.45
2.15
1.14
1.47
2.17
1.16
1.49
2.14
1.19
1.47
2.14
1.16
1.41
1.99
1.12
1.43
'2.00
1.15
1.42
1.94
1.16
1.13
1.45
.87
1.24
1.79
.84
1.24
1.77
.84
1.28
1.88
.84
1.29
1.87
.85
1.26
1.84
.83
1.24
1.84
.81
1.22
1.78
.82
1.22
1.80
.83
1.21
1.72
.84
1.22
1.75
.84
1.23
1.74
.85
1.21
1.70
.83
1.20
1.67
.82
1.19
1.65
.83
43,123
50, 679
3,838
3,965
4,333
4,068
4,277
4,203
4,385
4,224
4,584
4,468
4,001
4,475
3,788
4,184
4,346
4,390
4,711
4,673
4,211
4,152
4,797
4,355
4,156
4,424
4,431
4,592
981, 985
992, 687
80, 210
80, 283
81, 827
80, 361
85, 580
76, 991
83, 775
90, 068
90, 552
86, 312
82, 693 '83,362
91, 874
Retail trade, total t
Durable goods stores.
Nondurable goods stores
Merchant wholesalers, total O
do
Durable goods establishments
do
Nondurable goods establishments
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales.
Durable goods industries:
Unadjusted, total
mil. $
Seasonally adj., total..
_
do
Shipments (not seas, adj.), totalcf A
.._.do
512, 922 498, 325 40, 574 40, 901 42, 112
Durable goods industries, total 9 cf A
.-do
Stone, clay, and glass products
do
1,913 1,997
26,690 26, 269
2.217
Primary metals A
.
do
93, 673 77, 651
7,133 6,679
6,679
B last furnaces, steel mills A
do
47, 424
40, 353
3,902 3,617 3,545
Nonferrous metals
do
33, 248
24, 156
2,056 1,922
1.964
T
J
Revised.
* Preliminary.
e Estimated.
Based on data not seasonal] y adjust ed.
2
Advance estimate; total mfrs. shipments for Feb. 1976 do n ot reflect revisions for selec ted
components.
cf See corresponding note on p. S-6.
§lhe1 erm"bmjiness" h 3re inclu des
only manufacturing and trade; business inventories a s shown 01i p. S-l co ver data for all ty pes
of producers, both farm and nonfarm. Unadjusted d at a for m anufactur ing are silown be ow
on pp. S-6 and S-7; those for wholesale and retail tra de on pp. S-ll and S-12.
tSee note marked "}" on p. S-12; revisions forinve ntory-sale s ratios fc r retail trade, to tal,
41, 349 43, 785 37, 487 40, 881 45, 285 45, 491 42, 329 40, 760 '41,265 ' 46,129 2 49,071
2,321
2,216
2,355 2,424 2,541 2,233 1,986 ' 2, 016 2,191
2,229
6,279
6,350 5,520 6,222 7,025 6,553 6,251 5,876
6,554 ' 6, 910 2 7, 492
3,205
3,195
2,780 3,094 3,707 3,166 3,065 3,050
3,529
3,578
2,111
2,014
1,824
1,972
2,089 2,173 2,170 2,103 1, 907 '1,957
durabl e, and n Diidurab] e for Jan . 1971-July 1974 a ppear on pp. 26 ff . of the N ov. 1975 iSURVEY.
9 Ineludes d ata for i terns no t shown separate iy.
J See note marked "cf" on p. S-4.
ASe e corresponding n ote on p S-4.
©R evisions for this item for Jan. 19(>4-Dec. L970 (inv entories) appear cm pp. 44 ff. of the
Dec. 1974 SUR\ EY; thos 3 for Jan 1971-Ju y 1974 a ppear on pp. 26 ff. of the N ov. 1975 SURVEY.
OSe e note m arked "t " on p. S>-ll.
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1974
|
1975
Annual
April 1976
1975
Feb.
Mar.
Apr.
May
June
July
1976
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
' 5, 106
' 7, 162
' 5, 298
9,695
' 6, 957
5,663
7,994
5,924
11,236
7,974
1,484
Mar.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Shipments (not seas, adj.)— Continued
Durable goods industries— Continued
Fabricated metal products
Machinery except electrical
Electrical machinery
Transportation equipmentcf
Motor vehicles and parts
Instruments and related products
Nondurable goods industries total 9
Food and kindred products
Tobacco products
_
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
mil. $.. 61,271
86, 572
do
66, 741
do
109, 521
do
72, 120
do
do
16, 053
61, 550
90, 485
64, 388
110, 991
73, 220
17, 176
4,830
7, 758
5,241
8,560
5,344
1,290
4,783
7,900
5,211
9,062
5,727
1,358
5,183
7,789
5,299
9,381
6,166
1,373
5,053
7,507
5,240
9,492
6,234
1,362
5,248
8,122
5,630
10,131
6,659
1,493
4,844
6,650
4,902
7,927
5,012
1,319
5,307
6,848
5,339
8,748
5,613
1,443
5,677
7,660
5,807
10, 251
7,181
1,611
5,703
7,656
5,890
10,808
7,530
1,598
5,191
7,255
5,684
9,852
6,742
1,549
5,152
7,413
5,471
9,229
6,106
1,565
do
do
do
do
469,063
156,744
6,926
33, 097
494, 362
166, 080
7,423
32, 941
39,636
13,629
586
2,287
39, 382
13, 548
591
2,543
39,715
13.535
585
2,446
39, 012
13, 256
605
2,528
41,795
14,059
627
2,924
39,504
13,346
621
2,482
42,894
14,059
647
2,986
44, 783
14, 872
582
3,209
45,061
14,805
637
3,273
43,983
14,258
723
3,177
41,933 42,097 45, 763
13,867 13,726 14, 292
651
603
••615
3,026 ' 2, 971 3,239
do
do
do
do
39, 812
81, 377
56, 852
23,416
40, 376
85, 967
64, 649
23, 884
3,293
7,019
4,985
1,923
3,164
7,011
4,875
1,914
3,185
7,183
4,982
1,998
3,171
7,007
4,988
1,957
3,419
7,374
5,376
2,116
3,185
6,630
5,427
1,910
3,471
7,296
5,865
2,065
3,609
7,878
5,742
2,153
3,650
7,699
5,788
2,170
3,650
7,427
5,916
2,037
3,475
7,151
5,858
1,825
79,354
77,635
80,703
79,734
81,039
83,029
85,210
86,200
87,403
86,515
87,616
40,132
2,072
6,992
3,839
2,004
39,250
2,000
6,269
3,378
1,813
41,221
2,181
6,338
3,408
1,822
40,494
2,140
6,022
3,089
1,852
40,757
2,119
5,961
3,043
1,861
41,354
2,249
6,048
2,992
2,057
42,444
2,203
6,424
3,118
2,208
43,192
2,265
6,977
3,717
2,138
43,607
2,391
6,543
3,187
2,183
42,352
2,263
6,415
3,132
2,161
r 1, 425
11, 931
3,969
8,223
6,187
2,215
' 3, 602
' 7, 385
' 5, 839
' 1, 932
Fabricated metal products
Machinery except electrical
Electrical machinery
Transportation
fiquipmentrfA
Motor vphiolps and part*?A
Instruments and related products
do
do
do
do
do
do
4,902
7,415
5,197
8,323
5,138
1,328
4,690
7,291
5,066
8,776
5,600
1,358
5,113
7,471
5,448
9,132
5,952
1,402
5,033
7,326
5,414
9,033
5,936
1,365
4,898
7,380
5,306
9,456
6,193
1,402
5,184
7,285
5,368
9,513
6,422
1,412
5,226
7,300
5,472
10, 037
6,765
1,438
5,304
7,398
5,453
9,823
6,785
1,481
5,511
7,776
5,634
9,736
6,429
1,530
5,250
7,832
5,526
9,103
6,006
1,520
Nondurable goods industries, total 9
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
do
do
do
do
do
do
do
do
39,222
13,656
616
2,309
3,230
6,863
4,854
1,899
38,385
13, 313
606
2,391
3,037
6,711
4,901
1,821
39.482
13,844
605
2,484
3,165
6,637
5,014
1,889
39, 240
13,435
598
2,589
3,193
6,611
5,064
1,897
40,282
13,675
582
2,751
3,270
6,944
5,272
1,976
41,675
13,893
607
2,884
3,382
7,232
5,477
2,070
42,766
14,165
625
2,933
3,432
7,496
5,890
2,063
43,008
14, 073
562
3,053
3,516
7,618
5,731
2,106
43,796
14,275
639
3,008
3,580
7,762
5,871
2,098
44,163
14,064
718
3,138
3,712
7,814
5,967
2,113
89,276 90, 959
43,681 44,570 45, 700 247,214
2,223 ' 2, 329 2,374
6,409
6,775 ' 6, 780 27,036
3,343 3,590 3,525
2,068 r 2, 058
2,058
5,396 ' 5, 621 5,735
7,730 «• 7, 654
7,662
5,434 ' 5, 813 5,875
10,296 10, 268 10, 946 211,615
7,262 ' 7, 071 7,692
1,580 ' 1, 585
1,529
43,935 ' 44,706 45,272
14,007 ' 14,597 14, 349
667
634
'652
3,122 ' 3, 228 3,266
3,686 ' 3, 729 3,892
8,016 ' 7, 931 8,040
5,784 ' 5, 818 6,024
2,021 ' 2, 084
2,189
Shipments (seas, adj.), totald"A
do
By Industry group:
PuTftblp ponds industries, t.otalQ^A - do
Stone clay, and glass products
do
Primary metalsA
do
Blast furnaces st.afil millsA
do
Nonferrous metals
do
By market category:
Home goods and apparel
_
do
Consumer staples
do
Equipment and defense prod excl auto cfdo
Automotive equipmentA
do
1
87, 844
i 188, 087
1128,361
i 87, 053
177,174
i 413,466
i 88, 368
i 201,977
i 135,032
i 86, 573
i 74, 522
i 406,215
6,546
16,400
11,363
6,140
5,769
33,136
6,554
16,211
11, 094
6,581
5,545
31,650
7,075
16.717
11,349
7,045
5,972
32,545
7,128
16,300
11, 145
7, 029
6,104
32,028
7,152
16,790
11,275
7,309
5,957
32,556
7,494
17,171
11,064
7,586
6,378
33,336
7,623
17, 193
11, 175
7,974
6,311
34,934
7,883
17,067
11, 109
7,933
6,492
35,716
8,138
17,390
11,712
7,626
6,708
35,829
8,127
17,296
11,401
7,173
6,581
35,937
8,135
17,177
11,392
8,406
6,777
35,729
' 8, 251
' 17,831
i 38, 873
do
1 147, 601
do
1
. do .. 128, 725
118,876
do
i 39, 368
i 150,739
i 130,347
i 20, 392
2,898
12, 729
10, 976
1,753
2,918
12, 484
10, 770
1,714
3,169
12,698
10, 956
1,742
3,228
12, 372
10,704
1,668
3,202
12,567
10,901
1,666
3,366
12,315
10,748
1,567
3,431
12, 544
10, 812
1,732
3,526
12,409
10,744
1,665
3,618
13,044
11,178
1,866
3,564
12, 713
10,977
1,736
3,526
12,594
10,933
1,661
3,602
12,811
10, 959
1,852
' 3, 652
'13,124
'11,225
' 1, 899
do
do
do
149, 762
97, 198
52, 564
146, 177
95, 167
51, 010
147, 969
96, Oil
51, 958
do
150, 404
146, 574
152,692 151,930 151,351 150,109 148,160 146,494 145,976 145,037 145,646 146,101 146,177 '147,458
100,403 100,482 100,729 100,276 98,910 97,869 97,017 95, 927 95,542 95,429 95,167 ' 95,625
52,289 51, 448 50,622 49, 833 49,250 48,625 48,959 49, 110 50,104 50,672 51,010 ' 51,833
151,993 151,194 150,184 148,951 148,059 147,189 146,583 146,413 146,510 146,671 146,574 '147,030
do
do
do
do
do
97, 967
3,721
11,861
5,747
4,369
Fabricated metal products
do
Machinery except electrical
do
Electrical machinery
do
Transportation equipment
do
Motor vehicles and parts
do
Instruments and related products, .do
Other materials and supplipsA
Supplementary series:
Household durables
Capital goods industries d"
Nondefense cf
._ .Defense cf
do
Inventories, end of year or month:
Book value (unadjusted) total
Durable goods industries, total
Nondurable goods Industries, total
Book value (seasonally adjusted), total
By industry group:
Durable goods industries total 9
Stone, clay, and glass products
Primary metals
Blast furnaces steel mills
Nonferrous metals
8,379
17, 742
11,693
8,940
r 8, 262
7,028
r 6, 849
' 36,570 37, 177
r 11,513
147, 204
99.803
3,773
13,770
7,234
4,764
99, 378
3,728
14, 114
7,525
4,807
98,796
3,692
14.295
7, 769
4,788
98,189
3,651
14,282
7,832
4,774
97,199
3,661
14,090
7,761
4,683
96, 640
3,613
13, 789
7,498
4,669
96,215
3,605
13,776
7,536
4,655
95,953
3,585
13,898
7,618
4,720
95,754
3,630
13,924
7,627
4,696
' 95,664 95, 667
3,580
' 3, 632
' 13,903 13, 926
' 7, 718 7,738
r 4, 636
4,673
11, 793
21, 552
14, 684
21, GOO
6,697
4,329
200.082 99, 879
3,741
3,781
13,015 13, 381
6,620 6,920
4,588 4,661
10, 979 12,045 12,090
20, 988 22,168 22, 400
13, 196 14,758 14, 347
21, 171 21,392 21, 120
5,917
6,428
6,266
3,830
4,223 4,132
11,885
22,478
14,088
21,335
6,296
4,045
11, 678
22, 312
13, 837
21,336
6,188
4,018
11,407
22,116
13,580
21,494
6, 354
3,966
11,285
21,984
13,444
21,481
6,255
3,922
11,091
21,894
13,325
21,116
5,915
3,947
11, 028
21,713
13, 212
21,357
5,991
3,835
10,914
21,503
13,245
21,300
6,002
3,818
10,970
21,105
13,237
21,368
5,978
3,817
10,979
20,988
13,196
21,171
5,917
3,830
'11,011 10, 924
' 20,976 20, 865
' 13,168 13, 106
' 21,113 21, 339
6,071
' 5, 987
' 3, 850 3,787
95, 754
3,630
13, 924
7,627
4,696
By stage of fabrication:
Materials and supplies 9
Primary metals
^lachinery (elec and nonelec )
Transp ortation equipment
do
do
do
do
33, 393
5,408
11,277
4,866
30, 796
6,237
10, 161
4,490
34,561
6,193
11,561
4,918
34, 304
6,238
11, 553
4,797
33,738
6,357
11.323
4,714
33, 090
6,411
11, 125
4,636
32,676 32,159
6,478 ' 6,462
10,922 10,723
4,761
4,789
31,626
6,277
10,683
4,629
31,370
6,244
10, 551
4,696
31,072
6,238
10,393
4,600
30,980
6,333
10,228
4,640
30,796
6,237
10,161
4,490
' 31,176 31, 159
' 8, 384
6,443
' 10,200 10, 089
4,567
' 4, 484
Work in process 9
Primary metals
]Macriinery (elec and nonelec )
Transportation equipment
do
do
do
do
41, 506
3,728
15, 887
14, 247
41, 031
4,330
14, 657
14, 742
41,632
3,794
15,761
14,594
41, 513
4,043
15, 523
14,420
41,939
4,206
15,556
14,697
42, 022
4,410
15, 349
14, 753
41,917
4,439
15,169
14,822
42,031
4,491
15,208
14,756
41,692
4,471
15,080
14,535
41, 177
4,288
14, 878
14, 713
41,175
4,267
14, 913
14,784
41,140
4,279
14,706
14,851
41,031
4,330
14,657
14,742
' 40,779 40, 698
' 4, 278
4,273
' 14,572 14,416
' 14,695 14, 863
Finished goods 9
Primary metals
M^achinery (elec and nonelec )
Transportation equipment
do
do
do
do
23, 068
2,725
9,072
1,887
23, 927
3,357
9,366
1,939
23,889
3,028
9,604
1,880
24, 062
3,100
9,671
1,903
24,126
3,207
9,687
1,924
24, 266
3,293
9,675
1,947
24,203
3,378
9,605
1,911
23,999
3,329
9,497
1,936
23,881
3,342
9,456
1,952
24,093
3,257
9,496
1,948
23,968
3,271
9,442
1,916
23,833
3,286
9,408
1,877
23,927
3,357
9,366
1,939
' 23,709
' 3, 241
' 9, 372
' 1, 934
23, 810
3,210
9,466
1,909
50, 820 51,911 51,315 50,381
52, 437
Nondurable goods industries, total 9 _ _ do
11, 738 11,930 11,752 11,480
12,425
Food and kindred products
do
3,255
3,069 3,037
2,950
3,095
Tobacco products
do
4,589
4,812
4,543 4,380 4,267
Textile mill products
__
do
4,552
4,856 4,738
4,737
4,877
Paper and allied products
do
10,605
10, 861 10,875 10, 887 10.931
Chemicals and allied products
do
4,313
3,925
4,203 4,157
4,210
Petroleum and coal products
do
2,989
3,267
3,173 3,069
3,227
Rubber and plastics products
do
By stage of fabrication:
20, 727
19, 671 20,436 20, 181 19,734
Materials and supplies
do
7,664
8,044
7,751
7,463 7,481
Work in process
do
23, 666
23, 398 23,811 23. 671 23,166
Finished eroods
do
r
l
2
Revised.
Based on data not seasonally adjusted.
Advance estimate; total mfrs.
shipments for Feb. 1976 do not reflect revisions for selected components.
cf As a result of
corrections in the aircraft, missiles, and parts industry data for this component have been
revised by the Bureau of the Census back to 1968. Revised data prior to May 1973 appear in
49, 573
11, 079
3,059
4,226
4,658
10, 888
4,066
3,055
49,263
10,702
3,095
4,200
4,597
10,921
4,107
3,053
49,000
10,679
3,121
4,243
4,489
10,683
4,144
3,022
49,384
10,992
3,149
4,314
4,582
10,821
4,158
2,956
49, 773
11,362
3,113
4,384
4,573
10, 783
4,212
2,941
50,295
11,687
3,262
4,473
4,571
10,750
4,242
2,964
50,718
11,909
3,248
4,610
4,573
10,836
4,301
2,925
50,820
11,738
3,255
4,589
4,552
10,861
4,313
2,989
' 51,366
' 11,858
' 3, 244
' 4, 681
' 4, 684
' 11,037
' 4, 321
' 3, 053
51,537
11, 693
3,373
4,712
4,684
10, 984
4,445
3,042
2 3, 532
2 13, 185
2 11, 321
2 1, 864
19, 503 19,232 19,135 19,130 19, 203 19,657 19,526 19,671 ' 19,892 19, 988
7,919
7,751 '7,830
7,635
7,722
7,540 7,639
7,323 7,407
7, 457
22, 747 22,624 22,408 22,714 22, 931 23,003 23,470 23,398 ' 23,644 23, 630
two Census Bureau publications, "Change Sheets" to Mfrs'. Shipments, Inventories, and
Orders: 1967-73 (Series: M3-1.5), issued June and July 1974.
9 Includes data for items not
shown separately.
ASee corresponding note on p. S-4.
SURVEY OF CURRENT BUSINESS
April 1976
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1974
1975
1975
Annual
S-7
Feb.
Mar.
Apr.
May
June
July
1976
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of year or month— Continued
Book value (seasonally adjusted)— Continued
By market category:
Home goods and apparel ..
mil.$-.
Consumer staples
do
Equip, and defense prod., excl. auto
do
Automotive equipment
do
Construction materials and supplies
do
Other materials and supplies
.
do ...
Supplementary series:
HousehoM durables
-do
Capital goods Industries
do
Nondefense
do
Defense
- --do _ _
14, 900
19, 530
37, 967
8,475
13, 195
56, 337
12, 835
19, 264
37,861
7,436
12, 639
56, 539
14,085
19,657
39,093
8,178
12,990
57,990
13, 582
19, 538
39, 226
7,967
12, 996
57, 885
13, 071
19, 232
39, 369
7,934
12,915
57, 663
12,805
18,969
39,200
7,821
12,890
57,266
12, 623
18, 623
38, 959
7,964
12, 806
57, 084
12,653
18,472
38,844
7,824
12,736
56,660
12,421
18,803
38739
7,444
12,776
56,400
12,456
19,010
38,723
7,556
12,721
55,947
12,565
19,463
38,466
7,549
12,558
55,909
12,691
19,525
38,238
7,498
12,560
56,159
12,835
19,264
37,861
7,436
12,639
56,539
12,710
19,466
37,711
' 7, 495
12,704
56,944
12, 780
19, 387
37, 783
7,571
12, 585
57,098
7,522
42,482
35, 939
6,543
6,430
42, 462
34, 656
7,806
7,318
43,816
37,102
6,714
7,070
43,713
36, 846
6,867
6,807
43, 945
36, 967
6,978
6,684
43,774
T6,664
7,110
6,511
43, 529
36, 162
7,367
6,394
43,439
35,984
7,455
6,280
43,346
35,771
7,575
6,247
43,232
35,545
7,687
6,325
43,022
35,292
7,730
6,361
42,869
35,045
7,824
6,430 r 6, 212
42,462 ' 42,310
34,656 ' 34,668
7,806 r 7, 642
6,194
42, 411
34, 496
7,915
New orders, net (not seas, adj.), totald* A
do
Durable goods industries, total d" A - - --do _
Nondurable goods industries, total
do
1,002,135 976, 209
534,027 480, 580
468, 106 495, 616
78,446
38,813
39,633
77,343
37,910
39, 431
79,129
39,256
39, 866
77,840
38,723
39,116
83,732
41,742
41, 989
78, 524
38, 839
39,685
83, 717
40, 707
'3,009
88,838
43,910
44,928
89,252
43,933
45,319
85,649
41,446
44, 203
81,877 ' 83,037 92, 177
40,032 40, 724 '46,181 150,1s141,845 ' 42,313 45, 918
New orders net (seas adf ) total d^A
By Industry group:
Durable goods industries, total 9 d* A Primary metals A
Blast'furnaces steel millsA
Nonferrous metals
do
1,002,135 2 976,209
76,694
74,175
78,008
78,900
79,789
83,304
85,137
85,482
86,336
86,351
86,754 ' 88,190
do
do
do
do
534,027
97, 233
49, 036
33, 855
480, 580
71, 112
35, 922
23, 399
37,578
5,594
2,937
1,707
35,785
4,773
2,156
1,683
38,391
4,802
2,114
1,734
39,575
6,010
3,132
1,937
39,282
5,439
2,761
1,826
41,435
5,943
2,885
2,057
42,175
6,397
3,136
2,173
42,256
6,294
3,168
2,165
42,307
6,579
3,334
2,161
41,988
6,472
3,272
2,177
42,837
6,657
3,695
2,068
43,284 '45,017 147,932
6,615 ' 6, 678 i 7, 334
' 3, 770 3,389
' 1, 949 2,097
Fabricated metal products
Machinery except electrical
Electrical machinery
Transportation equipinentcf A 1
Aircraft missiles and partsd
do
do
do
-do
do
65, 824
94, 070
67, 646
113,431
27,322
59, 524
84, 973
62, 376
108, 466
24, 154
4,784
6,805
4,931
8,369
2,650
4,449
6,759
4,662
8,186
1,846
4,813
6,946
5,316
8,738
1,736
4,844
7,117
5,183
8, 769
1,974
4,700
6,984
5,153
9,194
2,021
5,111
7,368
5,279
9,793
2,222
5,179
6,929
5,809
9,758
2,016
5,196
7,120
5,144
9,982
1,885
5,282
7,425
5,510
9,371
2,041
5,302
7,629
5,595
8,741
2,077
5,163
7,118
4,941
10,477
2,105
r 5, 405
5,517
' 7, 363 7,444
r 5, 860
6,101
9,621 '10,643 1 12, 398
' 1, 619
1,778
Nondurable goods industries, total
Industries with unfilled orders©
Industries without unfilled orders^
do
do
do
468, 106
110,046
358, 060
495, 616
113, 539
382, 077
39,116
8,641
30,475
38, 390
8,484
29, 906
39, 617
8,911
30,706
39,325
9,010
30,315
40, 507
9,346
31,161
41,869
9,740
32,129
42,961
9,806
33,155
43,226
10,166
33,060
44,029
10,295
33,734
44,363
10,492
33,871
43,917 ' 44,906
10,138 ' 10,597
33,779 ' 34,309
45, 276
10, 678
34, 598
6,501
16,389
10,504
6, 022
5,561
31,717
6,474
16, 197
10, 228
6,478
5,339
29,459
7,148
16, 716
10, 967
6, 930
5,664
30,582
7,129
16,293
10,910
6, 988
5,894
31,686
7,185
16, 807
10, 964
7,155
5,803
31,875
7,582
17,176
10,976
7, 589
6,233
33,748
7,648
17,220
11,442
7,845
6,316
34,666
7,934
17,078
10,961
8,004
6,309
35,196
8,138
17,378
10,870
7,491
6,452
35,795
8,164
17,295
11, 409
6,951
6,642
35,890
8,108 r 8, 249
17,187 " 17,866
10,733 ' 10,688
8,536 r 8, 480
6,822 r 6, 755
35,368 ' 36,,52
8,303
17, 727
11, 441
8,954
6,885
37, 061
2,842
12, 117
9,970
2,147
2,830
11, 224
9,522
1,702
3,228
11,948
10, 309
1,639
3,218
11,961
10,302
1,659
3,217
12,047
10, 138
1,909
3,440
12, 546
10, 728
1,818
3,466
12, 440
10, 392
2,048
3,555
12, 205
10, 214
1,991
3,629
11, 885
10,689
1,196
3,619
12, 440
10, 690
1,750
3,492
11,657
10,156
1,501
By market category:
2 87, 313 2 88, 371
Home goods and apparel
do
2 188,082 2 202,024
Consumer staples
~
do
2 139,226 22130,784
Equip, and defense prod., excl. auto. d"- --do
85, 336
2 86, 755
Automotive equipmentA
do
2 80, 740 22 72, 896
Construction materials and supplies
do
396,766
2
420,017
Other materials and suppliesA
- - d o ___
Supplementary series:
2
39, 314
2 38, 411
Household durables
do
2 160,802 2 144,343
Capital goods Industries^
do
1
2
123,137
2 137,933 2
Nondefense
c?
.. ..
do
21, 206
2 22, 869
Defensed"1
do
Unfilled orders, end of year or month (unadjusted),
total o* A
mil $
Durable goods industries, totald" A do
Nondur goods ind. with unfilled orders©
do
Unfilled orders, end of year or month (seasonally
adjusted), totald" A
mil $
By Industry group:
Durable goods Industries, total 9 d* A
do
Primary metalsA
_ do
Blast furnnces, steel mlllsA
.do
Nonferrous metals
do
136,226
132,444
3,782
3,588
11,848
10, 351
1 497
90, 371
' 3, 601
' 12, 536
'10,710
' 1, 826
119, 739 132,289 129,349 126,643 124,122 122,274 123,807 123,749 122,519 121,217 120,557 119,7 "59 ••119,417 119, 724
114, 698 128,581 125,590 122,734 120,108 118,065 119,417 119,243 117,868 116,306 115,426 114,698 114, 158 '114,212 1115,295
5,041
4,014
4,651 4,911
3,708
3,909
4,209
5,131
4,506
5,041 r 5, 259
3,759
5,416
4,390
137,328
120, 659
131,499 128,043 125,347 124,513 123,271 123,545 123,477 122,761 121,697 121,530 120,659 '119,576 118, 986
133,440
20, 698
13, 751
3,411
115, 494
14, 084
9,287
2,629
127,806 124,344 121,512 120,593 119,123 119,203 118,940
18,120 16,624 15,088 15,077 14,556 14,452 14,424
12,041 10,819
9,525
9,568
9,286
9,196
9,179
2,882
2,714
2,749
2,752
2,664
2,679
2,714
118,004 116,710
13,740 13,778
8,795
8,647
2,684
2,705
19, 710
29, 592
20, 575
34, 375
21,487
3,888
17,686
25, 044
18, 564
31, 848
20, 639
5,165
19,253
28,438
20,113
33, 742
21,446
3,693
19, 013 18,712
27, 905 27, 381
19, 709 19,577
33, 153 32, 759
21, 109 20, 755
3,835
3,699
18,523
27,169
19,346
32, 495
20,710
3,920
18, 326
26, 776
19, 173
32, 236
20, 572
4,148
18,253
26,855
19,084
32, 514
20, 799
4,342
18,206
26,485
19,422
32, 237
20,661
4,537
18,097
26,209
19,112
32, 396
20, 529
4,757
17,867
25,859
18,989
32, 033
20, 471
4,987
17,919
25,656
19,057
31,668
20,490
5,188
17, 686
25,044
18,564
31,848
20,639
5,165
2,317
65, 981
17, 773
51, 257
2,384
60, 437
16, 110
41, 728
2,143
64,176
17,461
47,719
2,053
63, 206
17, 255
45,529
2,125
62,711
16, 947
43,564
2,120
62,432
16,736
43,225
2,169
61, 969
16, 583
42,550
2,264
61,881
16,439
42,961
2,316
62,022
16,444
42,695
2,382
61,945
16,262
42,172
2,367
60,970
16,006
42,141
2,404
60, 967
16,066
42,093
2,384 ' 2, 421
60,437 ' 59,831
16,110 'r 16,016
41,728 41,308
1,769
74, 930
50,318
24, 612
1,731
68, 427
43, 024
25, 403
1,580
73, 598
48, 600
24, 998
1,495
72, 339
47, 353
24, 986
1,554
71, 592
46,709
24, 883
1,546
71,179
46, 304
24, 875
1,559
70, 664
45, 546
25, 118
1,635
70, 891
45, 523
25, 368
1,670
70, 791
45, 106
25, 685
1,701
70, 589
44, 578
26,011
1,710
69, 429
44, 090
25,339
1,765
69, 367
43, 801
25, 566
1,731
68,427
43,024
25,403
1,720
67, 465
42, 415
25, 050
New Incorporations (50 States and Dist. Col.):
Unadjusted
number-- 319, 149
Seasonally adjustedf -do
328,781
22,755
24,298
26, 677
24, 923
28, 440
26, 506
28, 117
26, 634
28, 135
26, 843
30,447
28,896
26, 099
28, 708
27,283
29,364
29, 934
29,517
24, 400
29, 184
30, 021
30, 261
30,315
29,604
Fabricated metal products..
do
Machinery, except electrical
do
Electrical machinery
do
Transi 3rtation equipmentd"
do
Aircraft, missiles, and partscf
do
Nondur. goods Ind. with unfilled orders©. .do
By market category:
Home goods, apparel, consumer staples
do
Equip, and defense prod., incl. au 'o d*
do
Construction materials and supplies
do___
Other materials and suppliesA
do
Supplementary series:
Household durables
do
Capital goods Industrlesd"-dc
Ncndefensed"
.
do
Defensed"
. ..
do
i 3, 499
1 13, 963
1 11, 036
i 2, 927
116,342 115,494 114, 209 '113,524 1114,239
13,836 14,084 13, 920 '13,817 1 14, 115
8,935
9,287 ' 9, 463 9,326
2,560
2,700
2,629 '2,521
' 17,470 17, 251
' 24,755 24, 536
' 18,612 18, 839
31, 201 '30,899 131,680
r 20,253 19, 782
5,372
'5,367
2,330
59, 589
15, 874
41, 193
' 1, 668 i 1, 634
'66,879 1 67, 654
'41,902 141,614
'24,977 126,040
BUSINESS INCORPORATIONSG
INDUSTRIAL AND COMMERCIAL
FAILURES©
Failures, total
number
987
886
9,915
11, 432
756
1,045
805
853
891
801
1,202
3904
1,145
963
Commercial service
do
164
130
1,320
107
1,637
117
121
153
115
141
133
134
158
136
Construction
do
186
167
2,262
136
1,840
152
223
178
138
230
171
177
192
258
121
Manufacturing and mining
do
144
1,645
114
145
110
1,557
140
109
164
123
170
130
128
Retail trade
_
do "
411
358
4,234
4,799
309
425
365
351
336
414
491
494
380
378
Wholesale trade
do
105
87
064
1,089
82
90
99
80
66
79
102
84
91
116
Liabilities (current), total
thous. $ 3,053,137 4,380,170 384,762 343, 348 372, 076 357, 788 175, 917 3242,028 222, 442 205,526 1,295,393 252, 868 136, 881 257, 071
Commercial service
do
348, 166 475, 485 43, 335 31, 569 117,559 23, 086 20, 404 77, 441 31, 684 20, 803 43,711 15, 756 29, 591 29, 263
Construction
do
526, 598 640, 845 54,133 43, 890 58, 581 199, 262 27, 248 57, 483 32, 497 31,918 54, 648 28, 756 19, 206 42, 933
Manufacturing and mining... _
do
833, 824 1,020,609 123, 242 97, 441 107, 746 55, 459 47, 471 38, 417 57, 046 49, 124 92, 736 120, 243 41, 214 71, 485
Retail trade
do """ 1,069,656 1,835,908 67,798 140, 881 59, 483 40, 497 50, 643 42, 232 70, 889 84, 673 1,083,690 55, 134 30, 643 89, 535
Wholesale trade
do
274, 893 407, 323 96, 254 29, 567 28, 707 39, 484 30, 151 26, 455 30, 326 19,008 20, 608 32, 979 16, 227 23, 855
Failure annual rate (seasonally adjusteu)
2
2
No. per 10.000 concerns..
44.9
37.0
36.9
38.4
42.6
43.4
42.2
35 4
46.3
36.5 3 41.9
44.9
41.4
49.1
r
p
5,e^ised;
Preliminary.
i Advance estimate; totals for mfrs. new and unfilled orders
F For these industries (food and kindred prod., tobacco mfs., apparel and other textile
for3 * eb. 1976 do not reflect revisions for selected components.
2 Based on unadjusted data.
prod., petroleum and coal prod., chem. and allied prod., rubber and plastics prod.) sales are
Includes data for Hawaii.
considered equal to new orders.
O Compiled by Dun & Bradstreet, Inc. (failures data
£See corresponding note on p. S-6.
9 Includes data for items not shown separately.
for 48 States and Dist. of Col.; Hawaii included beginning July 1975).
t Revised back to
© includes textile mill prod., leather and prod., paper and allied prod., and print, and pub.
Mar. 1971 to reflect new seas, factors;c revisions pr.or to Feb. 1973 will be shown later.
A See
ind., unfilled orders for other nondurable goods are zero.
corresponding note on page S-4.
Corrected.
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown in
the 1973 edition of BUSINESS STATISTICS
1974
1975
1975
Feb.
Annual
April 1976
Mar.
Apr.
May
June
July
1976
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS
Prices received, all farm products
1910-14=100..
Crops?
do
Commercial vegetables
do
Cotton
do
Feed grains and hay
do
Food grains
do
Fruit
do
Tobacco
do
Livestock and products 9
do
Dairy products
do
]Meat animals
do
Poultry and eggs
do
Prices paid:
All commodities and services
do
Family living items
do
Production items
do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14 = 100
Parity ratio §
do
CONSUMER PRICES
(U.S. Department of Labor Indexes')
Not Seasonally Adjusted
All itemsU
1967—100
Special group indexes:
All items less shelter^
do
All items less food^f
do
All items less medical carell
do
Commodities^
do
Nondurables
do
Nondurables less food
do
Durablesjf
..
do
Commodities less foodK
do
Services
do
Services less rent
do
Food 9
.
do
Meats, poultry, and
fish
do
Dairy products
do
Fruits and vegetables
do
Housing
do
Shelter 9
do
Rent
do
Homeownership
do
Fuel and utilities 9
do
Fuel oil and coal
do
Gas and electricity
do
Household furnishings and operation
do
Apparel and upkeep
do
Transportation^
do
Privatelfdo
New cars
do
Used cars If
do
Public
do
Health and recreation 9
do
Medical care
do
Personal care
do
Reading and recreation
do
Seasonally Adjusted!
All items, percent change from previous month
Commodities t
1967—100
Commodities less food t
do
Food
.
do
Food at home
do
Fuels and utilities.
do
Fuel oil and coal
do
Apparel and upkeep
do
Transportation!
do
Private!
do
New cars. .
do
Services*
do
467
483
409
433
420
530
349
821
453
489
555
214
505
519
*>459
M38
427
435
420
419
431
425
?355
P900
P477
?510
?588
P228
484
275
419
458
321
922
419
487
483
225
458
286
393
427
341
922
420
479
491
222
477
272
402
430
343
924
435
474
535
202
552
571
536
563
'533
'558
541
557
M74
?342
M02
M25
515
530
616
69
613
69
161.2
157 2
159.1
157.1
160.9
158.4
163.2
151.7
145.5
149.1
166.6
171.9
175.4
178.0
156.6
171.0
166.8
169 7
137.3
181.7
167.8
235.3
169.6
158.1
142.3
150.6
149.8
127.6
146.4
158 6
153 5
168.6
150 7
144.4
155.0
153 0
156 9
154 4
159.6
148.2
140 3
144 9
162 6
167 5
171 6
162 7
155 6
166 7
162 8
165 9
135 1
177 3
162 2
229 5
162 7
154.7
140 2
143 5
142 5
124 5
133 5
152 3
150 2
163 0
147 8
141 8
494
539
578
81
632
73
147.7
146.1
143 7
147.7
145.5
151.0
140.9
130.6
136.6
152.1
156.0
161.7
163.9
151.9
165 8
150 6
154 4
130 6
163 2
150 2
214.6
145.8
140.5
136 2
137.7
136 6
117 5
122 6
148 0
140 3
150 5
137 3
133 8
516
0 5
154 6
145 7
171 1
171 1
160 7
223 3
141
144
144
124
162
452
428
463
435
462
307
407
407
375
923
473
471
611
208
539
311
396
353
392
922
487
468
640
209
516
342
397
397
392
833
498
478
652
220
548
565
554
568
557
574
536
545
621
69
628
72
157 8
158.6
155.6
153 9
157.5
155.0
159.7
148.8
142.1
146 0
163.2
168.3
171.3
161.8
155.4
167 4
163 6
166 6
135 5
178 2
163.0
228.3
164.0
155.6
140.9
144.8
144.0
127 3
135.3
152 3
151.1
164.6
148.9
142.0
156.3
154.9
158.2
155.7
160.1
149.8
143.6
147.2
164.1
169.2
171.2
161.8
154.8
167.8
164.7
167.6
135.9
179.4
164.6
229.0
166.3
156.8
141.3
146.2
145.5
127.5
138.1
152.4
152.1
165.8
149.5
143.5
0.4
0.5
476
450
476
454
440
362
423
446
358
864
495
500
631
228
561
575
438
420
394
454
352
923
525
561
656
236
456
419
362
408
339
874
509
588
601
248
502
422
366
390
337
871
518
600
608
257
496
421
373
390
315
874
512
599
601
249
566
579
564
581
565
586
566
569
589
550
552
554
fiXK
fi4.7
70
659
72
Ififi ^
164.1
162 1
165 8
162 7
167 6
155.4
149 3
460
377
409
463
383
921
522
528
661
245
550
634
73
637
75
640
74
646
76
645
76
159 3
160 6
162 3
162.8
163 6
164 6
157.0
155 6
158.9
156.5
160.8
150.5
144.8
148 1
164 5
169.6
171.8
168 2
153 6
169 0
165 3
168 2
136 4
180 1
165 5
230 2
167.3
157.4
141 8
147 4
146 8
126 8
142 2
152 5
152 6
166 8
149 Q
143 8
158.4
156.6
160.3
157.9
162. 4
151.2
145.8
148.9
165.7
170.9
174.4
177.2
153.3
177.4
166.4
169 4
136 9
181.4
166.9
230.6
169.4
158.1
141.4
149.8
149.3
127.0
147.5
154.1
153.2
168.1
150.3
144.1
160.3
157 6
162.0
160.1
165.0
152.2
146.9
149 9
166 6
171.9
178.6
187 7
153 4
188 8
167.1
170.2
137.3
182.3
168.0
234.1
170.4
158.3
141.1
152.6
152.3
126.6
153.2
155.0
154.0
169.8
151.2
144.4
160.8
158.3
162.4
160.4
165.2
153.0
147.5
150.7
167.4
172.7
178.1
189.7
154.3
177.9
167.7
170.7
138.0
182.8
168.9
235.7
171.2
158.8
142.3
153.6
153.4
126.8
156.1
155.0
154.6
170.9
151.4
144.7
161.6
159 5
163.2
160.8
165.4
153.8
148.2
151 4
169 1
174 6
177 8
190 3
156 3
167 4
168 9
162.6
1.0
0.4
472
426
490
449
545
0.7
475
426
492
457
558
m
552
Ififl 4
I OA
470
425
70
163.4
1
161 7
166 4
154.6
148 9
1fi9 9
1fi7 1
170 1
175 7
m7
m
mo
173 1
179 0
180 7
1 fi9 ft
165 5
155.1
14Q 9
icon
179 0
192 9
159 4
1 fi^ ^
1 CO Q
c\
a
•I OC
C
1 EC
fj
m
94fi
m
0.4
x
1 74 9
f»
17fi R
1 fin o
161 6
•I X K
K
1 ^7 4
1 ^fi 1
•1 r o
1 ef>
o
m
e
0.6
1 8Q 9
179 1
100 A
183 9
170 9
238 7
174 0
160 1
143 5
155 4
153 9
eofj
m
7
172 2
17^ n
140 6
187 8
176 1
248 7
179 0
162 0
145 2
157 6
156 2
134 0
149 6
170 1
r
q
0.6
0.5
475
430
468
433
454
420
379
410
329
874
513
588
612
244
467
426
381
400
345
874
497
572
597
228
571
574
592
con
CCQ
562
70
664
70
166 7
1 A7 1
167 5
164.4
162 6
166.2
162.4
167.3
154.7
149.0
152 3
174 9
181.0
180.8
186 5
168 2
173 3
173 2
175 9
141 2
188 8
176 3
248.9
179.5
163.7
143.3
158.1
156.8
134 2
144 6
170 2
158 6
176 6
155 7
148 2
164.9
165.3
164 2
166 8
162 3
166 7
155.5
150 4
153 3
177 2
183 4
178 7
180 2
167 9
173 6
174 5
0.4
fifil
•1 00
A
1 fifi ^
1 fi9 q
167 2
155.2
14Q ^
1 fro 7
1 7fi 1
189 9
180 0
1 83 A
1 fift ^
1 77 9
1 7q o
1 7fi ^
-I 00
C
177 Q
249 4
181 9
165 °
144 0
158 5
157 2
m
q
144 9
142 7
188 7
178 9
947 Q
183 7
166 6
145 0
159 8
158 5
134 5
150 ^
1 7(1 4.
m
159 7
178 8
160 6
180 6
I K.J
f)
148 5
0.1
o
I C7 A
149 0
0.2
2
9
1
0
4
155.0
146 6
170.6
170 3
161.7
223 4
141.4
145 7
144 9
127 0
163 3
155.6
147 4
171.0
170.6
163.3
225.6
141.4
146 6
145 9
127 4
164 3
0 5
156 5
147 9
172 5
172 3
164 7
228 4
141 5
147 1
146 4
127 0
164 9
157.6
148 5
174.6
174 9
166.9
231 1
141 4
148 6
148 1
1°7 1
166 0
159.6
149.8
177.8
178.6
168.8
237.0
142.3
151.2
150.8
126.9
166.9
160.1
150.7
177.5
178.1
170.1
241.8
143.4
152.7
152.5
127.7
167.6
160.6
151.2
178.0
178.4
172.5
246.2
142.8
155.5
154.0
129.0
169.0
161.5
151.7
179.6
180.2
173.8
249.1
143.2
155.9
154.6
129.5
170.0
162.2
152.2
180.6
181.2
175.1
248.1
143.6
157.4
156.1
130.5
171.7
162.9
152.8
181.6
182.1
176.3
247.5
144.1
158.3
157.0
133.4
172.8
163.1
153.1
181.2
181.4
175.6
244.0
145.0
158. 7
157.4
133.1
174.7
162. 7
153. 5
179.4
178.6
176.1
242.6
145.0
160.1
158.9
133.8
176.0
162.4
153.9
177.9
176.5
177.5
242.3
145.4
160.8
159.5
134.2
177.2
WHOLESALE PRICESd"
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
Spot market prices, basic commodities:
22 Commodities
1967=100
9 Foodstuffs
do
13 Raw industrials
do
All commodities
do
By stage of processing:
Crude materials for further processing
do
Intermediate materials, supplies, etc
do_.II
Finished goodsO
do
Consumer finished goods . _
do
Producer finished goods
do
By durability of product:
Durable goods
do
Nondurable goods
do
Total manufactures. _ _
_.
do
Durable manufactures
do
Nondurable manufactures
do
i 227. 9
i1 243. 2
219 0
160.1
i 198. 2
* 227. 3
1
180 4
174.9
201.9
236.1
181 1
171.3
198.6
224.5
182 3
170.4
201.2
224.6
186 4
172.1
194.5
210.3
184.2
173.2
187.2
209.4
173.2
173.7
195.5
236.0
171.5
175.7
205.6
249.8
179.6
176.7
206.3
242.8
184.2
177.7
201.4
233.2
181.9
178.9
191.7
210.1
179.8
178.2
189.7
203.3
180.6
178.7
190.4
200.5
183.6
179.4
193.2
202.9
186.6
179.4
196.0
200.0
193.2
179.8
196.1
162.9
147.5
149.3
141.0
196.9
180.0
163.4
163.6
162.5
185.8
178.8
159 3
159.4
158.3
182.4
178.1
158.9
158.5
159.7
189.4
179.0
160.0
159.7
160.7
196.7
178.4
161.2
161.1
161.2
197.1
178.4
162. 5
162.6
161.7
203.0
179.3
164.5
165.0
162.4
204.1
180 9
164.9
165.3
163.0
207.5
181.0
166.2
166.7
164.0
206.8
182.2
168.0
168.3
166.5
199.8
182.3
168.0
168.1
167.4
201.3
182.6
168.5
168.5
168.0
201.7
183.7
168.7
168.3
169.5
200.4
184.5
168.2
167.4
169.9
200.5
185.6
167.9
166.8
170.5
150.1
167.6
154.1
148.6
159.5
165.8
181 7
171.1
165.6
176.6
163.6
177 1
168.0
163.2
172.8
164.1
175.2
167.8
163.7
171.9
164.8
177.6
168.7
164.4
173.1
173.0
170.7
171.8
168.8
169.4
168.2
166.5
165.1
165.7
165.3
165. 2
185.7
184.9
185.3
185.8
186.9
183.6
186.1
184 9
180 2
179.1
176.0
175.6
175.3
174.4
174.7
174.5
173.0
171.4
172.3
169.5
170.1
172.3
171.4
170.7
169.4
168.2
168.8
166.2
165.2
165.7
164.9
165.1
179.4
179.6
179.9
180.1
180.1
181.0
177.6
179.1
179.
9
174.1
175.1
|Data have been revised back to 1967 to reflect new method of seasonally adjusting the
indexes; comparable data for earlier periods will be shown later.
^Effective with the
December 1974 SURVEY, indexes have been revised back to April 1974 to reflect the correction
in the used car component.
*New series; data for earlier periods will be shown later.
/ Revised.
v Preliminary.
1 Computed by BE A.
9 Includes data for items not
shown separately.
§ Ratio of prices received, to prices paid (parity index). tfFor actual
wnplesale pnces of individual commodities see respective commodities.
O Goods to users,
mcl. raw foods and fuels.
SURVEY OF CURRENT BUSINESS
April 1976
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1974
1975
1975
Feb.
Annual
S-9
Mar.
Apr.
May
June
July
1976
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
COMMODITY PRICES—Continued
WHOLESALE PRlCESrf— Continued
(U.S. Department of Labor Indexes)— Continued
All commodities— Continued
Farm prod., processed foods and feeds. 1967 =100..
Farm products 9
do
Fruits and vegetables fresh and dried do
Grains
do
Live poultry
do
Livestock
do
Foods and feeds, processed 9
Beverages and beverage materials
Cereal and bakery products
Dairy products
Fruits and vegetables, processed
Meats poultry and
fish
Industrial commodities
177.4
187.7
192.3
257.9
157.4
170.6
184.2
186.7
183.7
223.9
189.8
187.9
179.5
174.6
169.0
242.8
176.7
152.0
174.9
171.1
163.8
223.5
170.1
155.4
178.8
177.7
183.4
218. 5
168.3
173.5
181.2
184.5
183.1
213.0
177.6
197.9
do
do
do
do
.do
do
170.9
140.7
171.2
146.4
154.6
163.5
182.6
162.4
178.0
155.8
169.8
191.0
182.6
162.2
183.6
148.5
170.9
164.6
177.3
162.2
181.9
148.6
169.5
163.7
179.4
161.7
179.1
148.9
170.8
174.4
179.0
161.0
176.2
149.6
171.0
190.7
179.7
do
153.8
171.5
168.4
168.9
169.7
188.2
193.7
208.6
219.3
219.1
211.3
189.0
193.2
179.6
237.8
202.4
203.0
190.4
197.1
182.6
232.9
203.9
209.9
190.5
197.3
183.3
227.4
210.8
207.8
186.1
191.7
179.0
207.9
203.7
193.4
186.0
193.8
190.3
205.5
181.3
191.6
184.6
192.8
194.8
210.5
169.0
184.7
182.0
191.0
192.6
214.3
173. 1
179.5
180.3
187.2
184.5
217.8
182.6
170.7
199.6
184.6
159.4
176.7
153.2
169.4
209.7
186.3
161.6
175.8
156.3
168.6
204.5
186.1
162.5
177.0
160.8
168.4
209.8
186.2
165.1
177.6
165.6
169.3
210.4
182.6
165.1
177.0
168.1
169.0
200.8
181.0
165.4
174.6
171.3
168.5
198.1
179.4
165.1
174.7
169.7
167.6
193.2
176.4
167.0
175.1
163.4
166.7
186.1
175.8
167.0
174.5
166.7
166.5
180.6
170.3
170.7
171.2
172.2
173.1
174.7
175.4
176.1
177.3
178.1
179 1
181.4
210.3
206.3
127.5
260.4
167.1
182.1
206.5
207.4
285.7
167.1
182.2
201.2
208.2
127.4
289.7
169.7
184.2
199.7
212.6
130.0
246.4
170.2
184.9
192.3
215.6
131.7
245.3
171.6
185.6
190.8
217.1
132.7
256.2
171.6
252 .4
254.9
182.9
197.7
210.4
128.8
260.6
170.2
257.0
183.4
197.9
211.1
129.3
257.3
170.2
246.6
382.2
192.6
226.4
258. 8
182.3
199.9
209.2
128.5
264.3
169.7
256.5
258.0
257.3
255.7
369.3
198.9
246.7
272.9
255.7
368.3
201.5
254.3
269.6
143.4
137.2
150.5
91.7
143.9
138.2
150.8
91.2
182.3
186.2
203.3
202.4
174.4
Chemicals and allied products 9 H
do
Agric chemicals and chem prod. _. do
Chemicals, industrial 11 .
.. - ...do ..
Drugs and Pharmaceuticals
do
Fats and oils inedible
.- do_ _.
Prepared paint
do
146.8
137.7
151.7
112.7
338.2
145.7
181.3
203.6
206.9
126.6
255.2
166.9
178.1
192.9
202.1
124.1
231.6
164.0
181.8
211.6
207.5
124.5
218.2
164.7
182.4
212.5
207.4
125.9
261.5
164.7
182.1
212.1
208.8
125.9
250.5
166.1
181.2
211.0
Fuels and related prod., and power 9 IfC oal
Electric power 1[
-Gas fuels ^
. -~
Petroleum products, refined If.
208.3
332.4
163.1
162.2
223.4
245.1
385.8
193.4
216.7
257.5
232.3
409.9
186.5
188.5
240.7
233.0
388.3
191.1
188.1
242.3
236.5
387.3
194.6
206.9
243.6
238.8
243.0
qoe Q
127.9
117.9
136.6
93.1
139.7
132.3
146.3
93.5
139.1
130.6
145.5
95.6
138.5
130.1
145. 3
95.4
138.5
130.6
145.4
91.9
138.6
139.0
139.2
132.2
145.4
93.3
139.8
140.1
92.8
92.8
do
do
do _
-do
do
do
145.1
140.0
195.9
154.3
183.6
207.1
148.5
147.8
174.5
151.5
176.9
192.5
141.7
145.9
122.3
138.8
169.3
181.3
143.2
146.0
138.5
141.6
169.6
182.3
147.5
146.8
173.9
151.5
174.9
189.3
147.7
146.9
148.7
146.9
149.3
147.5
151.3
149.5
152.4
150.1
200.7
149.3
147.3
186.8
152.6
179.6
196.8
do
do
do
do
do _ _
139.4
143.8
152.3
125.0
146.9
161.4
168.6
185.2
140.7
171.6
157.7
164.4
180.4
138.7
167.1
158.8
166.0
182.0
139.1
168.8
159.7
166.7
183.8
139.5
169.6
160.4
167.5
184.0
140.1
170.2
161.0
167.8
184.4
140.4
161.7
168.5
184.9
140.8
172.7
186.1
149.5
200.6
173.9
185.7
149.8
201.1
172.2
185.1
184. 5
173.0
148.7
169.9
144.0
173.1
149.2
170.0
143.5
169.8
145.1
Furniture and household durables 9
Appliances, household
Furniture household
Home electronic equipment
_
do
- do
do
do
Hides, skins, and leather products 9
Footwear
Hides and skins
Leather
Lumber and wood products
Lumber
_.
Machinery and equipment 9
Agricultural machinery and equip
Construction machinery and equip
Electrical machinery and equip Metalworking machinery and equip
Metals and metal products 9
Heating equipment
Iron and steel
Nonferrous metals
do _.
do
do
do
do
"RM
i h r l f h i
198.4
Ofifi ft
141.1
141.5
142.0
143.1
136.3
154.4
150.2
154.6
150.5
157.5
151.5
159.9
153.0
229.4
173.2
196.0
219.4
162.0
153.9
236.9
178.7
202.3
230.4
167.0
176.8
193.3
144.0
167.7
177.3
194.4
144.4
178.8
168.2
178.6
194.7
144.6
179.4
189.8
155.4
211.4
169.7
191.7
155.7
214.3
171.5
92.3
9.fiQ 1
154.1
154.9
196.6
196.0
162.2
168.9
185.4
140.9
173.0
163.1
169.2
187.5
141.8
173.1
164.1
171.3
188.6
142.3
175.1
165.3
165.8
191.2
143.1
192.5
143.1
183.4
150.2
197.3
167.7
184.3
150.3
198.4
169.3
185.5
150.3
200.4
170.8
187.2
151. 9
204.7
170.7
187.0
187.1
155.2
170.1
169.4
188.1
155.7
206.9
169.0
148.9
145.4
173.3
151. 0
170.3
143.4
169.8
172.5
148.6
145.4
174.7
151.3
171.2
140.8
170.0
172.4
150.1
151.8
175.8
152. 3
171.3
143.2
170.0
172.4
150.0
152.1
176.1
154.0
171.2
143.8
170.3
172.4
150.8
152.1
177.1
155.8
172.3
145.2
170.9
173.0
151.5
152.2
177.7
156.3
172.6
146.9
171.3
172.9
151.8
151.9
178.0
156.3
173.1
144.3
173.1
173.7
151.9
151.7
181.1
159.0
177.2
150.2
174.8
176.3
152.4
151.8
181.3
159.7
177.8
148.4
175.8
176.6
154.2
152.0
182. 5
160.2
177.7
150.4
176.9
178.0
155. 5
155.5
146.3
101 7
101.5
103.0
100 5
137.4
156.2
146.7
102. 1
101.5
103.3
100.8
137.8
156.6
148.8
151.3
149.1
151.7
153.3
m
q
17fi Q
do
do
do
. do
171.9
135.0
178.6
187.1
185. 6
150. 7
200.9
171.6
do
do
do
do
__do
do
do
do
153.2
135.2
151.7
137.6
151.7
148.6
136.2
133.4
174.0
151.2
170.5
144.0
170.4
172.9
150.2
148.5
170.3
146.8
168.1
143.7
150.0
145.1
170.8
146.8
169.0
145.6
170.0
173.3
149.7
145.1
139.1
137.9
136.5
134.3
134.4
135.2
135.9
136.8
137.6
138.4
141.3
143.2
144.0
129.5
143.1
133.4
151.9
133.6
150.9
133.3
150.9
133.0
151.7
132.2
151.7
132.5
151.7
132.4
151.7
132.8
151.7
133.1
152.6
133.6
153. 3
134.8
153.3
135.1
153.3
145.1
101 3
101 5
101 8
99 3
136.5
153.8
125.5
129.2
141.5
144.6
138.2
141.5
139.5
143.0
139.9
143.0
139.9
142.9
140.1
143.1
140.1
143.1
140.5
143.5
141.1
143.9
146.6
150.0
147.2
150.6
147.5
150.9
148.7
151.3
-0.7
-0.5
0.9
0.6
0.8
0.9
0.9
1.1
0.1
0.3
-0.2
-0.3
199.7
198.5
Textile products and apparel §
do
Svnthetic fibers
Dec 1975 100
Processed yarns and threads
do
Apparel
Textile house furnishings
C
186.3
149.0
200.5
176.1
_
Nonmetallic mineral products 9 Clay prod., structural, excl. refrac.
Concrete products
Gypsum products _
Pulp, paper, and allied products
Paper
Rubber and plastics products
Tires and tubes
9 co 9
OCA
199.5
(\
. 1967=100
_
do
Transportation equipment 9. . .Dec. 1968=100..
Motor vehicles and equip
1967=100
Seasonally Adjusted I
All commodities, percent change from previous
month.. . _.
By stage of processing:
Crude materials for further processing 1967—100
Intermediate materials supplies etc
do
Finished goods:
Consumer finished goods
.
do
Food
do
Finished goods, exc. foods
do
Durable
do
Nondurable
do
Producerfinishedgoods
.
do
By durability of product:
Total manufactures
..
Durable manufactures
Nondurable manufactures
do
do
do
Farm products
do
Processed foods and feeds
do
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
1967=$1.00__
Consumer prices ..
do
0.2
185.1
179.6
180.4
178.5
192.7
178.6
198.3
177.5
197.0
177.3
200.1
178.4
198.8
179.7
203.7
180.6
207.0
182.8
207.0
183.4
204.5
184.2
201.8
184.7
158.5
173.2
149.8
136.2
159.0
158.4
157.7
170.6
150.0
136.9
158.7
159.9
160.0
175.9
150.3
137.0
159.2
160.9
161.6
179.6
150.8
137.0
159.9
161.3
162.9
181.7
151.5
137.3
160.8
161.8
164.2
183.6
152.6
137.4
162.4
162.6
164.9
183.2
153.9
137.8
164.4
163.1
167.1
186.6
155.4
138.8
166.3
164.3
168.7
187.9
157.0
140.7
167.9
166.3
169.2
187.6
158. 2
141.8
169.0
167.1
169.4
187.0
158.9
141. 9
170.1
167.9
167.9
182.0
159. 1
142. 5
170.2
169.1
166.7
166.0
170.4
170.0
170.7
168.3
163 5
172.6
167.6
164.0
171.2
169.0
164.2
174.1
169.3
164.2
174.6
169.8
164.3
174.9
170.5
164.5
176.5
171.4
165. 0
178.0
172.7
166.0
179.4
174.7
168.4
181.0
175.3
169. 5
181.6
175.8
170.6
181.2
175.5
171.4
179.9
176.0
171.7
179. 4
175.8
171 7
181 6
169.7
177.5
178.1
180.7
186.0
181.0
184.5
180.4
189.9
182.5
193. 9
185.3
199.9
186.6
196.1
184.3
197.2
181.8
192.6
178.3
187.7
175.5
185.9
175. 9
$0. 625 ' $0. 572 $0. 584
621
.678
636
$0. 587
634
$0. 581
631
$0. 577
628
$0. 576
623
$0. 569
616
$0. 566 $0. 563
614
611
$0. 559
608
$0.561
604
$0.560
601
$0. 557
.600
$0. 557
.598
$0. 556
.597
rfSee correspondinsr note on p. S-8.
9 Includes data for items not shown separately.
'[Beginning June 1974 SURVEY, data are restated to reflect changes in pricing by BLS.
Because of delay in obtaining data the prices lag the current index as follows: industrial chemicals and electric power, one month (i.e., July index reflects June prices); gas fuels, except
LPG, two months (July index reflects May prices); refined petroleum products (gasoline,
distillates, residual), one month (July index reflects June prices). The restated indexes are
204-921 O - 76 - S2
0
192.7
184.8
178.7
comparable with those for earlier periods.
§ Effective with Jan. 1976 reporting, the textile
products group has been extensively reclassified; no comparable data for earlier periods are
available for the newl> introduced indexes.
{Beginning in the April 1976 SURVEY, data reflect newr seasonal factors. All seasonally adjusted series have been revised back to January
1967.
Revised.
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
1974
1975
1975
Feb.
Annual
April 1976
Mar.
Apr.
May
June
July
1976
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE J
New construction (unadjusted), total
Private total 9
Residential (including farm)
New housing units
mil. $.. 135,481 ' 130,759
8,728
9,093
9,717
10,658
11,470
97, 079 r 90, 032
47, 044 ' 43, 045
31,281
37,312
5,946
2,433
1,780
6,172
2,637
1,883
6,815
3,017
2,073
7,303
3,390
2,318
7,677 ' 8, 053 '8,347 ' 8, 525 ' 8, 506 ' 8, 346 ' 7, 899 ' 6 877
6 497
3,781 ' 4, 119 '4,332 ' 4, 315 ' 4, 251 ' 4, 161 ' 3, 883 ' 3, 326 3,064
2,914
2,656
3,075 3,139
3,196
3,203 ' 3, 007 '2 601 2 411
29, 644 ' 26, 244 2,110
7,902 ' 7, 847
612
15, 945 ' 12, 810 1,069
2,024
606
994
2,134
624
1,040
2,182
685
1,046
2,150
671
1,022
_ __do
do
do_ _.
Nonresidential buildings, except farm and public utilities, total 9 .
mil. $..
Industrial
do
Commercial
_ _
do
Public utilities:
Telephone and telegraph
do
Public total 9
Building 4 ' (excluding military) 9
Housing and redevelopment
Industrial
Military facilities
Highways and streets
2,334
684
1,136
2,322
675
1,145
2,225
650
1,080
10,951 ' 9, 347
2,134 ' 1, 848
679
'563
997
'854
8,803
1 891
553
893
4,279
3,689
283
305
326
313
305
321
299
306
331
' 40, 727
2,782
2,921
2,902
3,355
3,793
3,595
3,991
4,229
3,776
do
do
do_ .
do
do
14, 990 ' 15, 424
••969
1,007
916
763
'
1,
392
1,185
12, 083 r 12, 620
1,213
84
76
98
681
1,289
97
85
108
696
1,207
72
74
102
830
1,273
81
87
102
1,075
1,363
92
82
102
1,199
1,297
87
68
111
1,272
1,431
73
68
123
1,403
1,382 ' 1, 280 ' 1, 274 ' 1, 183
86
71
'71
'64
62
62
91
87
145
142
131
'132
1,377 ' 1, 082
1,530
'794
128.9
125.5
121.0
121.7
126.9
' 129. 0
89.0
85.7
84.7
84.3
85 0
'88.3
90.6
'93.0
'93.4
'96.0
'96 5
'97.0
98 1
38.5
27.4
38.0
26.9
37.6
26.8
38.5
27.6
40 4
28.9
43.3
30.6
'45.3
32.1
'46.1
33.2
'47.1
34.9
'48.3
36.7
'49 1
37.6
'48 9
'37.5
49 4
38 2
29.6
8.7
15.0
26.3
7.9
13.0
25.9
7.5
12.8
25.6
8.2
12.1
24 8
7.7
11.8
25.0
7.7
12.0
25.8
7.6
12.5
26.2
7.9
12.4
25.6
7.5
12.6
26.2
7.8
12.7
25 6
7.5
12.4
'25.1
'7.3
'11.8
26 5
79
12 5
Residential (including farm)
do
New housing units
do
Nonresidential buildings, except farm and public utilities, total 9
bil. $
Industrial
do
Commercial
__ _
_do
Public utilities:
Telephone and telegraph.
.
do .
Buildings (excluding military) 9
Housing and redevelopment
Industrial
Military facilities
Highways and streets
2,259
659
1,119
12,754 ' 12,282 ' 11,873
38, 402
do
Public, total 9 .
2,164
668
1,034
12,338
do
New construction (seasonally adjusted at annual
rates) total
bil. $
Private total 9
11,648
292
327
220
3,527 '3 052 '2 470 2 2 306
1 062
40
76
'122
474
132.1 ' 137. 6 ' 135. 8 ' 138. 0 ' 138. 0 ' 134. 3
967
41
79
121
385
132 5
4.2
3.7
4.0
3.6
3.4
3.8
3.3
3.6
3.6
3.3
3.8
3.5
do
39.8
39.8
36.3
37.4
41.9
40.6
41.5
44.6
42.4
42.0
41.5
2' 37. 3
234 4
do. _.
do...
do
do
do
15.4
1.2
10
1.3
12.0
16.5
1.2
1.0
1.3
11.4
14 .9
.9
.8
1.5
11.0
13.9
1.0
.9
1.2
12.2
15.8
1.0
.9
1.1
12.5
16.0
1.0
.9
1.3
12.5
16.1
.9
.9
1.4
13.2
15.8
1.0
.8
1.7
14.2
'15.5
'.8
.7
1.5
14.1
15. l>
.8
1.1
1.7
12.5
' 14.7
'.7
1.0
1.6
'11.8
14.0
.6
.9
' 1.5
9.7
12 9
.7
1i
17
8.2
CONSTRUCTION CONTRACTS
Construction contracts in 50 States (F. W. Dodge
Division, McGraw-Hill):
Valuation total
mil. $
Index (mo. data seas, adj.) 1967=100
Public ownership
Private ownership
By type of building
NonresidentialU
Residential
Non-building construction^
New construction planning
(Engineering News-Record) O
94 370
i 170
90,237
uee
4,955
140
6,574
150
9,598
••186
9,143
••202
9 324
r 201
9 044
165
10 037
208
7,692
157
7,767
166
5,573
148
5,431
137
6,390
183
6,149
170
mil. $
do
32 497
61,873
31,415
58,822
2,031
2,924
2,182
4,393
2,768
6,830
2,875
6,268
3 891
5 432
3 784
5 260
3 040
6*997
2,725
4,967
2,544
5,223
1,597
3,976
1,724
3,708
1,655
4,734
719
4,430
do
do
do
33 051
34, 404
26 914
30,577
31,347
28, 313
2,199
1,583
1,172
2,402
2,316
1,856
2,987
3,029
3,582
2,877
3,073
3,193
3 169
3 116
3 040
3 165
3 093
2 787
2 666
2 784
4 587
2,526
2,966
2,200
2,629
3,189
1,949
1,859
2,404
1,309
1,865
2,233
1,334
1,939
2,157
2,294
1,996
2,546
1,608
do
97, 102
83,795
7,425
6,824
6,298
7,609
6,856
7,184
5,456
6,511
5,865
9,909
6,052
6,648
56.2
1,352.5 «•!, 171. 4
922 5 ' 766. 8 ••38.2
'1,
160.
4
54.7
1, 337. 7
892.2
40.0
888.1
'54. 2
80.2
62.5
81.1
98.4
'66. 1
97.9
77.8
117.0
••73.2
116.1
92.8
110.9
'73.0
110 3
90.3
120.1
'76.3
119.3
92.8
118.7
'75.1
117 3
90.7
112.8
'73.8
111.9
84.5
125.0
'78.2
123.6
93.8
97.2
'64.7
96.9
71.6
'77.1
'56.6
76.1
55.6
'72.9
'52.5
'72.5
'54.0
'92.7
'63.4
'91.0
72.8
121.1
85.7
120.7
94.4
953
722
763
986
982
774
1,085
853
1,080
874
1,207
'916
1,264
979
1,304
966
1,431
1,093
1,381
1,048
1,283 ' 1, 236 '1,562
'957 ' 1, 297
962
1,444
1,135
701
515
677
503
837
603
912
658
949
679
1 042
711
995
732
1,095
779
1,079
769
1,085
787
1,028
766
1,120 ' 1, 134
850
828
1,156
835
329.3
' 212. 7 '14.4
••221
••16.0
r
193
18.9
190
'20.0
'209
'20.0
'201
' 19 7 '20.7
' 213 '225
'20.1
'228
'20.8
'235
'16.5
'230
'13.8
'224
15.3
263
18.9
287
r
194.3
9,791
5,088
HOUSING STARTS AND PERMITS J
New housing units started:
Unadjusted:
Total (private and public)
Inside SMSA's
Privately owned
One-family structures
.
_
Seasonally adjusted at annual rates:
Total privately owned
One-family structures
thous
do
do
do
do
do
New private housing units authorized by building
permits (14,000 permit-issuing places):
Monthly data are seas. adj. at annual rates:
Total . .
thous
One-family structures
do
Manufacturers' shipments of mobile homes (Manufactured Housing Institute) :
Unadjusted
thous
Seasonally adjusted at annual rates
do
924
668
1,074
644
r
r
CONSTRUCTION COST INDEXES
Dept of Commerce composite
1967=100
173 2
American Appraisal Co., The:
Average, 30 cities
Atlanta
New York
San Franclscc
St. Louis
1913-100
do
do
do
do
1,608
1 821
1,711
1,552
1 536
Boeckh Indexes:
Average, 20 cities:
Apartments, hotels, office buildings
Commercial and factory buildings
Residences
1967 = 100 . .
do
do
189. 7
189.2
189 3
187 8
189.1
190 1 r 1£9 7 ' 188 5' 190. 3 ' 190. 6 ' 191. 1 ' 192. 6 ' 194. 2
1,716
1,871
1,827
1,698
1 659
1,655
1,848
1,780
1,617
1,579
1,633
1,855
1,785
1,633
1,591
1,673
1 861
1.793
1,657
1 601
1,700
1,872
1,800
1,693
1,674
1,710
1 869
1 798
1,690
1 677
182.6
168.4
185.0
185 8
171 1
188 8
180.6
183.5
172.0
' Revised.
» Preliminary.
1 Computed from cumulative valuation total. 2 Beginning with January 1976 State and local construction will be estimated from a new survey,
creating a break in the series owing to conceptual and procedural changes.
t Data for new construction have been revised back to 1958: those for housing starts and
permits, back to 1959. The revised data are available from the Bureau of the Census, Washington, D.C. 20233.
1 733
1 881
1 815
1 734
1 700
1,743
1 902
1,873
1,743
1 701
1,763
1,905
1,872
1,736
1,700
1,762
1,902
1,871
1,734
1,699
1,767
1,908
1,873
1,736
1,702
1,778
1,918
1,886
1,793
1,710
1,801
1,949
1,892
1,804
1,725
188.2
191.7
190.6
184.5
186.0
196.0
192.0
194.6
187 8
190 1
186.5
190.3
189.0
182.4
184.3
HData for Aug. 1973 for nonresidential building and nonbuilding construction appearing in
the Oct. 1974 SURVEY were transposed; they
should have read (mil. $): Nonresidential,
building,' 3,167; non-building construction, T 2,453.
OData for May, July, and Oct. 1975, and Jan. 1976 are for 5 weeks; other months, 4
weeks.
9 Includes data for items not shown separately.
SURVEY OF CURRENT BUSINESS
April 1976
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1974
1976
1975
1975
Feb.
Annual
S-ll
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
200.1
213.5
199.7
213.3
200.4
213.8
201.5
214.6
202.8 *1 202. 2
215.5
216. 1
Mar.
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
Engineering News-Record:
Building
1967 = 100.Construction
do
Federal Highway Adm.— Highway construction:
Composite (avg. for year or qtr.)
1967=100.__
178.3
188.0
193.3
205.9
201.8
203.8
187.2
198.1
187.3
198.1
187.8
198.8
190.5
201.4
207.3
193.4
205.3
195.0
209.2
196.9
211.7
197.2
211.5
203.9
199.3
209 8
CONSTRUCTION MATERIALS
Output Index:
Composite, unadjusted?
Seasonally adjusted
1947-49=100.
do
Iron and steel products, unadjusted
Lumber and wood products, unadj
Portland cement, unadjusted
.do
..do
do —
177.5
134.0
151.7
147.2
152.5
161.1
157.4
166.5
152.6
168.5
156.6
168.4
174 3
174.5
159 1
177.6
173 1
181.8
164 3
181.8
171.6
215.3
138.5
139.7
105.0
142.9
154.9
131.4
147.0
172.3
172.1
135.4
175.7
204.0
138.9
170.3
213.8
135.5
172 7
232.3
146.0
179 2
234.3
157.1
186 6
232 7
151.8
197 9
248.8
157.4
169 6
4.8
66
10.6
143
6.7
75
11.3
130
7.8
88
12.7
134
12.6
133
18.5
206
7.7
84
11.1
125
6.0
68
14.8
156
5.6
67
13.7
156
6.4
71
14.5
171
8.3
93
16.5
185
6.1
87
13.8
186
5.2
71
11.4
175
4.4
68
12.7
191
13.6
185
398 53
494 27
514 78
574 36
539 14
607 94
483 49
680 97
534 43
986 02
597 49
674 34
511 79
848* 30
516 06
841 58
564 15
860 56
496 54
886 21
452 16
864 31
456 01
792 50
641 82
19, 461
18, 164
17, 527
17, 145
16, 803
16, 685
16, 945
17, 482
17, 578
17, 606
17, 845
17, 106
16, 380
55 040
2 277
3 110
4 173
5 370
5 971
5 498
5 731
5 588
5 694
4 370
5 254
i>3 941 j>4 147
10 097
32 106
12 837
430
1 285
562
644
1 675
791
799
2 314
1 060
1 012
3 089
1 269
989
3 636
1 346
1 055
3 118
1 325
980
3 500
1 °51
995
3 351
1 242
1 052
3 400
1 242
822
2 584
964
941
3 012
1 301
142, 803
11 545
12 636
12 833
12 291
12 476
12 019
11 181
11 326
12 210
10 414
11 057
3,560
287
341
335
312
265
275
285
276
276
266
335
REAL ESTATE U
Mortgage applications for new home construction:
FHA net applications. ..
thous. units..
Seasonally adjusted annual rates
do
Requests for V A appraisals..
do
Seasonally adjusted annual rates
do
87.1
82.3
161.1
157.7
Home mortgages Insured or guaranteed byFed. Hous. Adm.: Face amount
mil. $.- 3 933 70 6 166 12
Vet. Adm.: Faceamount§
_.
.do _ 7 9Q9 go 8 863 84
Federal Home Loan Banks, outstanding advances
to member Institutions, end of period
mil. $.. 21,804
17, 845
New mortgage loans of all savings and loan associations, estimated total
_
mil. $__ 38 959
By purpose of loan:
Home construction
do
7 566
Home purchase
.
do
23 560
All other purposes
do
7 833
Foreclosures
number. 140,469
Fire losses (on bldgs., contents, etc.)
mil. $..
3,190
724
2 314
903
786
2 436
925
'338
320
DOMESTIC TRADE
ADVERTISING
McCann-Erlckson national
seasonally adjusted:
Combined index a"
Network TV
Spot TV
Magazines
.
Newspapers
advertising index,
1967=100
do
. do
do
do
Magazine advertising (general and natl. farm magazines) :
Cost, total
_
mil $
Apparel and accessories
do
Automotive, inch accessories ..
do
Building materials. _ _
do
Drugs and toiletries. .
do
Foods, soft drinks, confectionery
do
Beer, wine, liquors
do
Household equip. , supplies, furnishings. . do. .
Industrial materials
do
Soaps, cleansers, etc
do
Smoking materials
_.
do
Allother
__
do
Newspaper advertising expenditures (64 cities): 0
Total
...
mil $
Automotive
do
Classified
do
Financial..
do
General
. .
do
Retail
do
141
150
153
121
141
147
162
164
118
143
146
156
164
115
152
142
157
158
117
136
141
157
152
117
134
146
175
154
109
142
143
165
155
109
140
148
166
163
125
135
147
161
169
191
135
144
157
166
113
140
151
163
172
119
153
153
167
175
123
147
155
165
169
123
166
1 372 3 1 336 3
50.8
47 0
104.7
101.5
24.7
20 7
143.2
140.6
91.1
92.0
95 7
30
6.6
13
12.1
8.4
119 0
50
10.1
18
11.3
119 3
52
8.7
2 3
12.5
7.8
121 0
37
97
25
12.4
105 6
18
9 8
21
13.1
83 2
2* 2
7 2
14
10.8
6.7
82 6
29
53
9
12.0
5.1
118 7
66
61
21
11.4
6.2
136 1
55
11 3
2 0
12.2
9.4
152 0
51
14 0
19
12.8
12.8
120 4
33
9 4
14
10.9
9.6
93 0
2 7
7 6
6
10.7
4.9
109 4
32
10 0
17
12.8
7.4
103.4
79.6
35.4
17 6
136 7
585 1
48
2.4
2 4
15
10 8
43 5
78
4.5
2 9
21
12 6
53 1
7 6
6.2
29
15
11 9
52 7
84
6.8
35
12
12 1
53 2
90
4.3
2 9
11
12 8
42 4
57
3.1
23
1 2
11 5
31 1
4 2
2.' 7
2 6
12
12 3
33 3
73
5.5
31
13 2
55 1
10 4
6.3
31
2 4
12 1
61 2
13 5
7.2
29
25
12 3
66 8
17 7
3.3
2 9
12
12 9
48 0
39
2.9
2 4
15
11 9
43 9
55
•*.2
2 4
17
13 1
47 4
3 844 6 4 100 1 r 297 0
108 8
r g 2
93 8
967 0
978 6 r 74 2
r 7 g
134 8
131 0
r
513 7
544 3
43 3
2,120 4 2 352 5 r 163 4
359 g
8
2
5
8
8
6
329 8
5' 9
91 2
6 3
33 4
193 1
334 o
86
83 1
12 o
45 6
184 8
379 8
9 9
85 7
13 5
53* 1
217 6
403 4
90
83 7
10 2
54 6
245 9
33,831
14,168
19,663
35,936
15 041
20 895
36,916
15 721
21 195
36, 614
15 315
21 299
37,855
16 340
21 515
39,569
16 704
22865
35,827
14 835
20992
100 9
55.1
34 2
19 4
144 2
580 7
s'i
86
10
50
197
4
8
3
3
337
7
79
12
47
190
3
3
7
5
6
2
9QO 2
361
9
88
12
49
202
36,407
15 731
20 676
36,3«8
15 733
20 655
354
9
84
9
50
3
4
6
4
7
0
0
6
0
3
1
294
6
80
10
39
164
9 9
347
4
63
11
43
224
o
6
4
0
3
7
348
8
87
13
49
188
3
9
6
6
7
4
383 0
9 3
99 1
9 4
54 3
211 0
37, 831 '35,990
15 511 '15 129
22 320 r 20 861
35, 794
15 205
20 589
WHOLESALE TRADEf
Merchant wholesalers sales (unadj.), total mil. $
Durable goods establishments
do
Nondurable goods establishments
do
448, 127
202, 341
245, 786
439, 000
185 922
253, 078
36,132
15 898
20,304
Merchant wholesalers inventories, book value,
end of year or month (unadj.), total., mil. $
46, 695
45, 497 46,1199 45,939 45,581
Durable goods establishments. _. _
do
27, 529
27 430 28, OO
28 210 28 315
Nondurable goods establishments do
19, 166
18, 067 18,117 17.729 17,266
r
Revised.
*> Preliminary.
1 Index as of Apr. 1, 1976: Building, 206.8; construction,
217.4.
(^Beginning Jan. 1973 data reflect new reference base, 1967 = 100.
9 Includes
data for items not shown separately.
§Data include guaranteed direct loans sold.
TfHome mortgage rates (conventional 1st mortgages) are under money and interest rates
on p. S-18.
44,576 44,513 44,513 44, 678 44,764 45,612 45,865 45, 497 ^45,945
46, 406
27 958 27 894 27 710 97 365 27 136 27 228 27 299 27 430 rr 27 664 27 963
16.618 16.619 16.803 17.313 17.628 18.384 18.566 18. 067 18. 281 18. 443
©Source: Media Records, Inc. 64-City Newspaper Advertising Trend Chart.
tSeries revised back to Jan. 1964 to reflect kind of business classifications of establishments
selected for a new sample in terms of the 1967 Census of Business; revisions for earlier periods
appear on p. 44 fl. of the December 1974 issue of the SURVEY.
SUEVEY OF CUERENT BUSINESS
S-12
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1974
April 1976
1975
1975
Feb.
Annual
Mar.
Apr.
May
June
July
1976
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
46,767
45,091
52,280
DOMESTIC TRADE—Continued
RETAIL TRADED
All retail stores: U 5
Estimated sale (unadj ) total If
mil. $.. 537, 782
584, 423
39,802
44,937
45,896
51,204
49, 052
50,026
50,663
48,275
52,046
50, 526
60,681
167, 313
93, 089
84, 773
8,316
180, 725
102, 105
93,046
9,059
12,279
7,258
6,693
565
13,270
7,641
6,954
687
14,588
8,422
7,663
759
15, 987
9,180
8,347
833
16, 126
9,342
8,499
843
16,374
9,611
8,783
828
15,575
8,812
8,023
789
15,453
8,539
7,785
754
16,919
9,734
8,936
798
15, 248
8,422
7,647
775
16,855 14,213 14,677 18,073
8,412 '8 299 ' 8, 900 111,312
7, 568 ' 7, 619 8,249
844
••680
651
Furniture, home furn., and equip. 9 ---do
Furniture homefurnishings stores .do __
Household appliance, TV, radio
do
25, 544
15,364
8,006
26, 123
15, 283
8,420
1,793
1,079
554
1,971
1,176
605
2,010
1,207
620
2,124
1,260
679
2,144
1,269
697
2,167
1,283
7C8
2,177
1,281
707
2,184
1,247
730
2,308
1,379
721
2,389
1,419
747
2,925 ' 2, 138 ' 2, 058
1,534 r 1, 228
1,201
1,042
'693
662
Building materials and hardware
do
Lumber, bldg. materials dealerscf
do
Hardware stores
__do
23, 491
18, 328
5,163
23, 974
18, 202
5,772
1,439
1,092
347
1,631
1,237
394
1,879
1,418
461
2,199
1,628
571
2,212
1,668
544
2,244
1,721
523
2,189
1,701
488
2,203
1,709
494
2,317
1,802
515
2,090
1,597
493
2,073 ' 1, 710
1,477 r 1, 323
596
••387
Nondurable goods stores 9
do__
Apparel and accessory stores.do
Men's and boys' wear stores
do
Women's apparel, accessory stores... do
Shoe stores
do
370, 469
24, 864
5,668
9,551
3,979
403, 698
26, 749
6,085
10, 396
4,123
27,523
1,606
375
626
247
31,667
2,077
454
795
349
31,308
1,949
436
749
311
35,217
2,232
516
869
354
32, 926
2,072
502
797
323
33,652
1,970
440
783
303
35,088
2,279
475
899
374
32,822
2,191
450
872
382
35,127
2,300
491
942
362
35,278
2,409
549
942
361
43,826 32,554 30,414
3,894 ' 1, 976 ' 1, 763
969
'461
391
1,435
767
703
485
'303
264
16, 785
- ..do
41, 840
do_
do.- - 119, 763
111,347
do
39, 910
_ __do
18, 098
47, 514
131, 723
122, 666
43, 895
1,332
3,288
9,678
9,032
3,053
1,430
3,668
10,706
9,967
3,424
1,407
3,773
10,178
9,452
3,468
1,529
4,183
11, 687
10, 893
3,715
1,494
4,207
10, 789
10, 009
3,750
1,473
4,228
11,433
10,647
4,067
1,515
4,373
11,754
10,971
4,100
1,450
3,983
10,712
9,962
3,757
1,505
4,208
11,432
10,648
3,817
1,470
4,050
11, 008
10, 265
3,649
2,114 ' 1, 481
4,110 ' 3, 889
11,778 11,723
10,925 10,983
3,817 ' 3, 654
89, 286
95, 402
5,524
7,039
7,059
8,047
7,502
7,288
7,983
7,709
8,226
9,432
14,005 ' 6, 247 ' 6, 165
82,535
55, 871
5,839
8,714
10, 285
88, 544
60, 719
5,995
9,120
10, 974
5,036
3,334
385
542
745
6,489
4,367
458
706
837
6,503
4,449
458
660
806
7,488
5,170
435
798
945
6,973
4,827
407
713
909
6,759
4,611
443
665
968
7,427
5,066
496
789
953
7,099
4,904
520
700
876
7,531
5,104
635
737
930
8,778
6,032
690
830
936
13,353
9,437
722
1,456
1,268
46, 914
45, 951
46, 813
48, 173
48, 578
49,655
49,925
49,549
50,165
50, 293
51,990
14, 664
8,420
7,675
745
13, 378
7,361
6,623
738
14, 165
7,901
7,164
737
14, 703
8,263
7,508
755
14, 965
8,447
7,654
793
15,432
8,850
8,082
768
15,506
8,871
8,120
751
15,440
8,699
7,936
763
15,775
9,025
8,274
751
15, 763
8,760
8,007
753
.. -
Durable goods stores 9
Automotive dealers Passenger car, other auto, dealers
Tire battery accessory dealers _
Drug and proprietary stores
Eating and drinking places
Food stores
Grocery stores
-^
Gasoline service stations
do
do
do
__do
General merchandise group with nonstores9
mil. $..
General merchandise group without nonstores9§
mil. $._
Department stores
do
Mail order houses (dept. store mdse).do
Variety stores
do.. .
Liquor stores
.
do
Estimated sales (seas, adj.), total AH
do
Durable goods stores 9 A
do
Passenger car, other auto, dealers A. .do
Tire, battery, accessory dealers
do
Furniture home furn and equip 9
Furniture homefurnishings stores
Household appliance TV radio
do
do
do
2,051
1,235
633
2,046
1,199
660
2,132
1,244
686
2,139
1,216
716
2,168
1,245
723
2,171
1,280
688
2,202
1,277
711
2,214
1,280
735
2,241
1,318
720
2,349
1,388
747
Building materials and hardware
do
1,892
1,415
477
1,819
1,355
464
1,883
1,415
468
2,006
1,517
489
1,999
1,515
484
1,993
1,515
478
1,977
1,505
472
2,064
1,574
490
2,089
1,599
490
2,209
1,714
495
do
do
do
32, 250
2,189
518
828
344
32,573
2,099
506
820
310
32,648
2,179
506
819
337
33,470
2,216
506
854
356
33, 613
2,223
517
863
346
34,223
2,236
511
876
344
34,419
2,336
523
948
353
34,109
2,251
501
879
353
34,390
2,243
491
894
349
34, 530
2,271
504
886
355
1,449
3,828
10, 643
9,925
3,465
1,488
3,821
10,805
10,058
3,497
1,455
3,898
10,598
9,846
3,532
1,499
3,935
10, 875
10, 105
3,565
1,532
3,984
11,023
10, 255
3,616
1,525
3,933
11,282
10,531
3,790
1,526
3,901
11,167
10,429
3,832
1,525
3,940
10,969
10,217
3,803
1,519
4,078
11,264
10,501
3,738
1,562
4,184
11,219
10, 432
3,690
7,533
7,599
7,638
7,981
7,994
7,903
8,091
8,102
7,958
8,296
7,523
5,201
509
799
929
7,505
5,162
534
773
936
7,359
5,029
522
751
929
7,725
5,348
490
766
929
Nondurable good** stores 9
Apparel and accessory stores
.Men's and boys' wear stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Food stores
Grocery stores
Gasoline service stations
do
-
do
__do_ _
- . do..
do
do
General merchandise group with nonstores 9
mil $
General merchandise group without nonstores 9 §
mil $
Department stores
_
_do_ _
Mail order houses (dept store mdse ) do
Variety stores
do
Liquor stores
do
Estimated inventories, end of year or month: t
Book value (unadjusted), total t
...mil. $__
Durable goods stores 9
do
Automotive dealers
do
Furniture, home furn., and equip
do
Building materials and hardware
do
7,000
4,743
489
746
882
7,058
4,852
456
739
903
7,068
4,825
476
746
884
7,429
5,094
482
788
919
7,421
5,081
496
774
941
7,321
5,017
510
728
927
r
r
' 1, 465
' 3, 761
10,486
' 9, 749
' 3, 440
5, 748 ' 5, 670
3, 918 ' 3, 791
419
••366
'555
573
'841
789
72,475
33, 499
16, 720
4,732
4,675
72,847
33, 852
17, 033
4,686
4,731
72,050
33, 604
16, 814
4,658
4,769
71,669
33, 419
16, 562
4,662
4,755
71,268
32, 725
16, 096
4,640
4,642
70, 295
31, 243
14, 738
4,658
4,673
72,327
31, 984
15, 321
4,725
4,650
75, 854
32, 629
15, 678
4,877
4,677
76, 620
33, 208
16, 056
4,911
4,680
71,127
32, 725
16, 246
4,755
4,600
71, 256
32, 967
16,413
4,660
4, 728
73, 350
33, 762
16, 987
4,619
4,842
38,309
5,280
8,130
38,402
5,293
8,247
38, 150
5,326
7,840
38, 976
5,512
7,900
38, 995
5,515
7,883
38, 446
5,488
7,865
38, 250
5,353
7,865
38, 543
5,377
7,889
39, 052
5,508
7,896
40,343
5,820
8,074
43, 225
6,127
8,346
43, 412
6,099
8,434
38, 402
5,293
8,247
38, 289
5,237
8,072
39, 588
5,513
8,154
15, 540
9,246
15, 006
9,128
15, 313
8,920
16, 056
9,505
16, 169
9,631
15, 870
9,540
15,765
9,373
15, 954
9,478
16,310
9,772
16,978
10,267
18, 895
11,574
18, 732
11, 662
15, 006
9,128
15, 239
9,232
16, 072
9,712
74, 082
34, 649
17, 794
5,238
4,581
73, 081
33, 592
16, 748
4,798
4,762
72,308
32, 956
15, 900
4,974
4,572
71,728
32, 460
15, 723
4,780
4,570
71,483
32, 375
15, 817
4,667
4,562
70,826
32, 086
15, 605
4,630
4,590
70,840
31, 909
15, 294
4,657
4,635
71,503
32, 270
15, 540
4,677
4,624
72,578
33, 324
16, 729
4,686
4,706
73,049
33,471
16, 671
4,701
4,745
74, 642
33, 813
17, 004
4,749
4,787
73, 839
33, 712
16, 795
4,718
4,830
73, 081
33, 592
16, 748
4,798
4,762
73, 610
33, 510
16, 596
4,789
4, 820
74, 344
33, 490
16, 492
4,742
4,823
39, 433
39, 489 39, 352 39, 268 39, 108
Nondurable goods stores 9
do
5,537
5,540
5,554
5,517
5,537
Apparel and accessory stores
do
7,984
7,916
7,883
8,010
8,125
Food stores
do
General merchandise group with non16, 621
16, 049 16, 133 16, 294 16, 251
stores
mil. $
9,630
9,617
9,476
9,742
9,868
Department stores
do
'Revised. ! Advance estimate.
H Data may be understated because of deficiencies in
the probability sample being used for current estimates (the 1972 Census of Retail Trade
indicates that total retail sales for 1972 were 4.8 percent higher than the estimates made from
the sample). A comprehensive revision of the survey (including the selection of a new and
improved sample) is now underway; revised data will be introduced upon its completion.
9 Includes data not shown separately.
d" Comprises lumber yards, building materials
38, 740
5,583
7,881
38, 931
5,547
7,873
39, 233
5,538
7,977
39, 254
5,432
8,024
39,578
5,517
8,189
40, 829
5,668
8,190
40, 127
5,534
8,079
39, 489
5,537
8,125
40, 100
5,674
8,195
40, 854
5,749
8,303
1
1
1,510
4, 073
11,410
10,580
1
3, 751
1
7, 668
1
1
7, 095
4, 735
8,499 ' 8, 022 ' 8, 334 i 8, 585
7,912 r 7, 443 ' 7, 782 i 8, 023
5,424 r 5, 075 ' 5, 339 i 5, 424
556
'524
517
770
'753
777
916
'899
922
71,346
33, 196
16, 371
4,845
4,590
do
do
do
do
do
34,207
2, 069
1
51,592 52,414 53, 869
16,877 16,730 17,296 17,697
9,922 ' 9, 605 10,286 10,523
9,140 ' 8, 778 9,438
782
848
'827
2,337
2,273 ' 2, 326 i 2, 399
1,367 ' 1, 326 1,357
757
'713
745
2,059 ' 2, 255 2,279
1,558 ' 1, 748 1,747
501
'507
532
35,113 34,862 35,118 36,172
2,354 '2,311 ' 2, 362 1 2, 400
535
'505
524
883
906
919
358
'354
363
1,578 ' 1, 522 ' 1, 575 i 1, 580
4,220 ' 4, 213 ' 4, 216 i 4, 310
11,270 11,433 11,402 i 11,809
10,485 10,642 ' 10,597 i 10,952
3,859 ' 3, 867 ' 3, 822 i 3, 863
71, 127
32, 725
16, 246
4,755
4,600
Book value (seas adj ) total f
Durable goods stores 9
Automotive dealers
Furniture, home furn., and equip
Building materials and hardware
2, 315
1,764
1,368
396
72, 056
33, 747
17, 255
5,186
4,425
Nondurable goods stores 9
do
Apparel and accessory stores
do
Food stores
do
General merchandise group with nonstores
mil $
Department stores
do
1
15, 997 16, 055 16, 156 16, 289 16,392 17, 345 16, 767 16, 049 16, 500 16, 943
9,841
9,696
9,742 10, 013 10, 332
9,595
9,597
9,958 10, 541 10, 257
dealers, and paint, plumbing, and electrical stores.
§ Except department stores mail order.
I Series revised beginning Jan. 1971 to reflect benchmark data from the 1972, 1973, and 1974
Annual Retail Trade Reports and new seas, factors; revisions for Jan. 1971-July 1974 appear
on p. 26 ff. of the Nov. 1975 SURVEY.
ARevisions for Jan.-July 1974 appear on p. 26 ff. of
the Nov. 1975 SURVEY.
« Corrected.
SURVEY OF CURRENT BUSINESS
April 1976
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
1974
S-13
1975
1975
Annual
Mar.
Feb.
May
Apr.
June
1976
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Firms with 11 or more stores:
Estimated sales (unadj.), total 9— _
Apparel and accessory stores $
Women's apparel, accessory stores
Shoe stores
Drug and proprietarv stores
169, 434
183, 076
12,047
14342
13 917
15 860
14 687
14729
15710
14744
15 870
16 606
21 871
14, 124
13,206
6,428
2,390
1,737
6,451
6,834
2,598
1 806
7,103
380
143
107
484
563
209
162
548
502
185
138
531
573
221
150
590
534
201
140
592
468
188
115
570
606
239
166
604
580
223
165
571
582
224
155
594
617
232
157
593
1 014
378
234
937
r 444
'166
r 117
••575
399
153
104
574
70, 597
75, 629
4,298
5,559
5,574
6 372
5 948
5 745
6,349
6 119
6 522
7 536
11 299
' 4, 868
4,830
67, 289
49, 802
6,988
72, 339
54, 159
7,355
4,055
2,976
427
5,278
3,900
564
5,305
3,983
532
6 094
4 607
646
5,688
4 321
576
5 505
4 140
528
6,092
4 543
636
5 827
4 373
566
6 175
4 547
596
7 212
5 365
682
11 010 rT 4, 650
3, 489
8 353
'437
1 196
4,589
3 378
62, 614
2,168
68, 432
2,251
5,118
145
5,702
175
5,268
198
6 079
210
5 457
215
5 812
195
6 023
195
5 454
180
5 977
200
5 788
185
do
14, 661
14,882
14, 624
15 149
15 325
15,388
15,625
15 530
15 374
15 810
do
_ do
do
do
567
210
154
561
540
203
141
586
545
203
152
558
574
216
153
574
575
214
152
607
555
224
137
594
614
244
159
607
580
226
145
608
560
215
153
601
569
215
153
630
5,941
6,038
6,012
6 325
6 352
6 225
6 474
6 452
6 316
5,670
4,221
597
5,768
4,333
595
5,730
4,297
598
6 055
4 539
640
6,075
4 534
625
5,952
4 476
580
6,208
4 636
652
6 165
4 603
625
6,040
4 493
605
5,555
197
5,668
189
5,510
186
5 577
194
5,708
197
5,889
178
5,775
184
5 784
189
_ . mil. $
do
do _
do
do
General merchandise
group with nonstores 9
mil. $
General merchandise group without nonstores §
mil. $
T)ept stores excl mall order sales
do
Variety stores
do
Grocery stores
Tire, battery, accessory dealers
do
do
Estimated sales (seas, adj.), total 9
Apparel and accessory stores 9
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores
General merchandise
group with nonstores 9
mil $
General merchandise group without nonstores §
mil. $
Dept stores excl mail order sales
do
Variety stores _,
do
Grocery stores
Tire battery accessory dealers
do
do
All retail stores, accts. receivable, end of yr. or mo.:
Total (unadjusted).
mil. $
Durable goods stores
do
Nondurable goods stores
do
457
6 108 ' 6, 212 5,439
142
' 153
202
16 007 ' 15, 663
r
576
'221
15, 912
»• 145
«• 622
584
222
145
649
6 595
6 724 T Q 359
6 612
6 317
4 773
617
6 439 ' 6 084 6,354
4 751
4 831 r 4r 525
625
608
631
5,764
183
5 882
186
5 828
193
606
219
165
631
r
5 871
5 886
r 191
187
28, 916
8,578
20, 338
29,625
8,901
20, 724
26,932
8,163
18, 769
26,694
8,114
18,580
26,961
8 306
18655
27, 663
8 652
19,011
27 341 26, 988
8 781 8,795
18* 560 18, 193
27,089
8,830
18,259
27,376
8 979
18397
27,563
9 015
18,548
27, 726
8 781
18 945
29 625 «•r 28 221
8 901 8 433
20 724 r 19 788
27, 931
8 565
19 366
Charge accounts
_____
Installment accounts
do
do
10,806
18 110
11, 428
18, 197
10, 120
16,812
10,214
16,480
10,550
16411
11,221
16 442
11 049
16 292
10, 813
16 175
10,709
16 380
10,940
16436
11,196
16 367
11 069
16 657
11 428 T 10 990
18 197 T 17 231
10 937
16 994
Total (seasonally adjusted)
Durable goods stores
Nondurable goods stores
do
do
do
27 035
8,434
18, 601
27, 764
8,799
18, 965
27, 246
8,518
18, 728
27,129
8,418
18,711
27 303
8 515
18,788
27 606
8 610
18, 996
27 402 27 609
8 593 8,719
18, 809 18, 890
27 525
8 632
18 893
27612
8 726
18 886
27 617
8,767
18,850
27 460
8 756
18 704
27 764 T 27 895
8 799 T 8 749
18 965 r 19 146
28 303
8 998
19 305
. d o
do
10, 374
16 661
11,028
16 736
10, 562
16, 684
10,510
16,619
10659
16 644
10, 902
16 704
10, 786
16 616
10, 938
16 671
10794
16 731
10,910
16702
11,016
16,601
10 942
16 518
11 028 r 11 330
16 736 T 16 565
11 447
16 856
Charge accounts
Installment accounts
_
LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total, Inch armed forces overseas}.--
___mil__
1
211. 89
1
213. 63
212. 9.1.
213.02
213. 14
213.26
213. 47
213. 63
213. 81
213. 98
214. 14
214. 28
214. 40
214.53
214. 64
214. 74
94, 793
92 613
84 783
3 380
81, 403
7 830
93, 111
90 913
82 604
2*890
79, 714
8 309
93, 593
91 395
83 036
2 988
80 048
8 359
93, 564
91 369
83 549
3,171
80, 377
7,820
93, 949
91 768
84 146
3*622
80 524
7 623
96, 191
94 013
85 444
3 869
81 575
8 569
97, 046
94 859
86 ? 650
4 090
82, 560
8 209
96, 493
94 308
86 612
3 886
82, 726
7 696
94, 965
92 795
85 274
3 626
81, 647
7 522
95, 431
93 °67
86 023
3 524
82 499
7 244
94, 943
92 787
85 556
3*156
82 400
7 231
94, 888
92 731
85 536
2, 856
82, 680
7,195
94, 805
92 665
84, 491
2,853
81,638
8,174
94, 944
62 798
84, 764
2,802
81, 963
8,033
95, 260
93, 112
85, 588
2,897
82, 691
7,525
91 523
84, 163
3 252
80 911
91 880
84, 110
3 268
80 842
92 254
84, 313
3 301
81 012
92,769
84, 519
3,528
80 991
92,569
84, 498
3,350
81 148
93 063
84, 967
3 439
81 528
93 212
85, 288
3 464
81 824
93 128
85,158
3 512
81 646
93 213
85 151
3 408
81 743
93,117
85, 178
3,301
81 877
93,129
85,394
3,236
82 158
93, 484
86, 194
3,343
82, 851
93, 455
86, 319
3,170
83, 149
93, 719
86, 692
3,179
83, 513
7 360
1 828
7 770
1 978
7 941
2,278
8,250
2,529
8,071
2,751
8 096
2 954
7 924
2 878
7 970
2 934
8 062
2 719
7 939
3,004
7,735
3,080
7,290
2,785
7,136
2,515
7,027
2,294
8
6
7
19
8
6
8
20
8
6
8
19
8.9
8.7
7.0
8
7
8
20
8
6
7
20
8
7
7
19
8
7
7
19
8.5
7.1
8.3
6.6
79
19.0
80
19.6
7.8
5.8
7.5
7.6
5.7
7.5
19.9
19.2
7.5
5.6
7.3
8,0
81
13 4
55
7 8
14 3
5 2
7 8
14 4
55
7.8
7.6
7.1
6.8
13 9
51
13 8
4.8
4 6
11.9
4.8
4.8
11.9
11.6
LABOR FORCE d"
Not Seasonally Adjusted
Labor force, persons 16 years of age and over__thous
Civilian labor force
do
Employed, total
do
Agriculture
do
Nonagricultural industries
do
Unemployed
__
do
Seasonally Adjusted cf
Civilian labor force
do
Employed, total.. . _ . _
do
Agriculture
_
do
Nonagricultural industries.
do
Unemployed
__
__
do
Long-term, 15 weeks and over
do
Rates (unemployed in each group as percent
of total in the group):
All civilian workers
Men, 20 years and over
Women, 20 years and over
Both sexes, 16-19 years
93, 240
91 Oil
85 936
3 492
82, 443
5 076
937
2,483
5.6
3.8
8.5
6.7
6
8
5
7
7 2
84
20 3
79
14 1
53
8 3
14 2
57
14 0
55
Occupation: White-collar workers
3.3
4.7
4 4
4 6
4 8
Blue-collar workers
6.7
11.7
12.6
10 6
12.0
Industry of last job (ri on agricultural):
Private wage and salary workers
5.7
9.2
86
91
9 6
Construction
10.6
18.1
16 3
18 0
19 0
Manufacturing
5.7
10.9
11 8
10 7
11 0
Durable goods
5.4
11.3
10.6
10.8
12.2
v
••Revised.
—
Preliminary.
1 As of July 1.
9ReIncludes data not shown separately.
§ Except department stores mail order.
visions back to 1970 appear in P-25, No. 545, "Population Estimates and Projections"
fj
(May 1975), Bureau of the Census.
d1 Beginning in the Feb. 1976 SURVEY, data (revised back to Jan. 1971) reflect new seasonal
53
12.8
12.4
White _
Negro and other races
Married men, wife present
5 5
16.0
8 0
19.9
5.0
7.8
9 9
2 7
13 9
5.1
0
2
9
4
7 3
13 3
47
5
6
3
1
78
13 8
50
8 2
20.7
4.8
7
1
0
5
12.3
5
8
9
7
6
2
g
4
6
2
9
8
80
14 3
53
19.1
6.8
13.7
4.8
4.1
4.1
12.5
4. 1
4.8
4.8
11.3
10.7
4.7
9.4
4.6
9.3
4.6
9.1
13.2
7.7
8.0
8.1
8.9
9.2
9.6
9.2
9.2
9.3
9 4
9 8
16.0
15.5
15.4
16.6
17.5
19 7
18 1
20 5
18 7
20 9
20 4
7.3
8.0
8.1
9.6
11 1
10.5
12 0
11 5
10 8
10 6
11 9
7.4
8.0
8.2
9.9
10.8
11.1
12.7
12.1
11.5
12.3
12.0
factors and a modification of the procedures previously used to seasonally adjust a few of the
series (teenage unemployment and those few other unemployment series of which teenagers
are the exclusive or major part). Comparable monthly data back to 1967 appear in EMPLOYMENT AND EARNINGS (Feb. 1976), USDL, BLS.
April 1976
SUKVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown in
the 1973 edition of BUSINESS STATISTICS
1974
Annual
1976
1975
| 1975
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb."
Mar."
77,091
62,050
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT J
Employees on payrolls of nonagricultural estab.:
Total, not adjusted for seasonal variation. ..thous..
Private sector (excl. government)...
do
78, 413
64, 236
76, 985
62, 212
75, 772
60, 943
75, 778
60, 884
76, 177
61, 269
76, 689
61, 750
77, 183
62, 387
76, 439
62, 220
76,900
62,788
77,614
63,054
78,193
63,132
78,339
63,151
78, 527
63, 300
77,293
62,060
77, 791
62, 468
78,413
64, 236
44, 190
24, 697
694
3,957
76, 985
62, 212
43, 865
22, 549
745
3,457
76, 804
62, 210
43, 835
22, 691
724
3,592
76, 468
61, 850
43, 624
22, 422
729
3,467
76, 462
61,770
43,615
22, 328
732
3,441
76, 510
61, 784
43, 622
22, 339
738
3,439
76, 343
61, 652
43, 552
22, 233
741
3,392
76, 679
61, 863
43, 779
22, 222
743
3,395
77,023
62,168
43,914
22,418
749
3,415
77,310
62,465
44,048
22 601
752
3 432
77,555
62,591
44,098
22,669
774
3,402
77,574
62, 599
44,117
22,657
766
3,409
77, 796 78,179 78,320
62, 793 63,214 63,330
44, 225 44,492 44,571
22, 743 22,914 22,885
'764
'765
769
3,406 ' 3, 428 ' 3, 361
78, 511
63, 475
44, 641
22, 952
772
3,346
20, 046
11, 895
177
626
517
690
1,344
1,505
2,218
2,030
1,821
520
448
18, 347
10, 679
171
557
451
614
1,180
1,336
2,069
1,761
1,649
489
404
18, 375
10, 813
177
537
441
620
1,248
1,357
2,153
1,785
1,594
497
404
18, 226
10, 728
177
539
434
610
1,218
1,336
2,128
1,773
1,624
490
399
18, 155
10, 637
176
536
436
608
1,189
1,332
2,098
1,746
1,631
488
397
18, 162
10, 595
177
546
439
609
1,168
1,324
2,064
1,735
1,653
481
399
18, 100
10, 527
173
552
437
605
1,149
1,317
2,035
1,723
1,657
481
398
18, 084
10, 465
172
557
441
604
1,134
1,298
2,017
1,712
1,645
482
403
18,254
10,563
167
563
452
610
1,148
1,331
2,013
1,747
1,645
481
406
18,417
10, 650
165
568
464
615
1,169
1,340
2,035
1, 755
1,643
486
410
18,493
10, 661
164
576
467
615
1,149
1,344
2,039
1,767
1,641
490
409
18,482
10,653
161
576
470
616
1,146
1,339
2,032
1,764
1, 648
492
409
18, 568 18,722 18,759
10,717 10,820 10,848
'162
162
163
••592
'596
581
'485
'477
473
616
'613
616
1,162 ' 1, 166
1,158
1,344 ' 1, 358 ' 1, 369
2,039 ' 2, 042
2,030
1,773 ' 1, 785 ' 1, 795
1,676 '1,712 ' 1, 698
'501
'498
494
'421
'419
409
18, 834
10, 914
162
598
487
613
1,165
1,376
2,049
1,816
1,723
503
422
8 151
1 713
80
988
1,348
702
1 112
1,057
199
676
278
7,668
1,676
78
902
1,235
643
1,079
1,013
197
588
257
7,562
1,662
79
849
1,188
647
1,094
1,024
191
579
249
7 498
1,659
77
845
1,180
636
1,089
1,009
194
564
245
7,518
1,664
75
865
1,191
629
1,084
1,003
193
568
246
7 567
1,670
75
885
1,205
631
1,079
1,004
195
574
249
7,573
1,671
75
891
1,215
627
1,073
1,OCO
197
572
252
7,619
1,668
79
897
1,245
633
1,068
999
199
575
256
7,691
1,688
78
918
1,245
639
1,072
1,008
199
588
256
7,767
1,693
80
938
1,261
648
1,075
1,011
200
599
262
7,832
1,695
79
953
1,287
652
1,071
1,019
201
608
267
7,829
1,688
81
950
1,290
652
1,072
1,020
202
604
270
7,851
1,688
79
955
1,299
658
1,074
1,018
201
608
271
' 7, 902
' 1, 700
'79
958
1,314
'665
' 1, 069
' 1, 024
203
'615
275
7,920
1,685
73
965
1,321
667
1,071
1,029
204
625
280
Service-producing
do
Trans., comm., electric, gas, etc
do
Wholesale and retail trade
do
Wholesale trade
_
.do
Retail trade
do
Finance, insurance, and real estate
do
Services
._
do
Government
do
Federal
do
State and local
..do
53 715
4 696
17 017
49 223
I 794
4 908
13 617
14 177
2 724
11 453
54, 436
4,498
16, 947
4,177
12, 771
4,223
13, 995
14, 773
2 748
12,025
54 113
4*565
16* 879
4' 189
1° 690
4 210
13* 865
14 594
2 733
11 861
54
4
16
4
12
4
13
14
9
11
' 55,265 ' 55,435
' 4, 494
4,518
' 17,233 ' 17,302
' 4, 214 4,238
' 13,019 ' 13,064
' 4, 266 4,268
' 14,307 ' 14,357
14, 965 ' 14,990
2,746 ' 2, 740
12, 219 ' 12,250
Production or nonsupervisory workers on private
nonagric. payrolls, not seas, adjusted
thous..
Manufacturing
do
53, 029
14 613
51, 046
13 070
49, 804
1° 859
49, 765
12 757
53 029
18 374
527
3,234
14 613
8 641
85
533
423
559
1 074
1 150
1 495
1,372
1 285
322
350
51, 046
16, 397
565
2,762
13, 070
7,543
80
464
364
485
919
996
1,346
1,140
1,148
293
309
5 972
1 164
66
862
1,163
540
671
612
126
530
237
5,528
1,136
65
782
1,061
483
636
570
125
450
219
5 417
1,123
66
730
1,019
485
649
576
117
441
211
34, 656
4,058
15, 065
3 526
11, 540
3,240
12. 293
34, 652
3,857
14, 964
3,462
11,502
3,221
12, 607
34, 518
3,922
14, 896
3,480
11,416
3,217
12, 483
Seasonally Adjusted!
Total employees, nonagricultural payrollst-.do
Private sector (excl. government)
- do
Nonmanufacturing industries.
do_._
Goods-producing
do
Mining
_
do__
Contract construction
do
Manufacturing
do.
Durable goods
do
Ordnance and accessories
do_
Lumber and wood products
do
Furniture and fixtures
do
Stone, clay, and glass products
do. _.
Primary metal industries
do
Fabricated metal products
. . . do
Machinery, except electrical
do
Electrical equipment and supplies, .do
Transportation equipment .._ . do
Instruments and related products.-do
Miscellaneous manufacturing
do .
Nondurable goods
do
Food and kindred products
do
Tobacco manufactures
do
Textile mill product?
do
Apparel and other textile products, .do
Paper and allied products
do
Printing and publishing .
do
Chemicals and allied products
do
Petroleum and coal products.. . .do
Rubber and plastics products, nee .do
Leather and leather products do
'7,911
'1,710
'77
'964
' 1, 303
'668
' 1, 066
' 1, 028
203
'617
275
55, 559
4,505
17, 357
4,243
13, 114
4,277
14, 384
15, 036
2,740
12, 296
171
491
857
175
682
208
889
726
732
994
54 110
4 469
16 877
4 153
1° 9724
4 02
13' 871
14 691
2 738
11 953
54
4
16
4
12
4
13
14
2
12
457
464
984
161
823
203
990
816
745
071
54 605
4 466
17 016
4 159
12 857
4 218
14 050
14 855
2 '756
12 099
54,709
4,467
17,045
4,181
12,864
4,239
14,113
14,845
2, 765
12,080
54,886
4,476
17,043
4,180
12,863
4,246
14,157
14,964
2,767
12,197
54, 917
4,496
17,010
4,174
12,836
4,248
14,188
14,975
2,761
12,214
55, 053
4,477
17, 080
4,190
12, 890
4,264
14, 229
15, 003
2,755
12, 248
50, 138
12 731
50, 601
12 8C7
51, 207
12 981
51,041
12 744
51, 601
13 180
51,873
13,428
51, 950
13,420
51,952
13,370
52, 113 'r 50,872 50, 874 51, 251
13, 329 13,243 ' 13,291 13, 378
51 005 50 663 50 585
16 487 16 230 16 161
553
550
'553
2,762
2,745
2,886
13 051 12 915 12 863
7 483
7 561
7 634
84
84
85
444
445
448
349
354
347
479
478
487
923
950
979
992
1,011
993
1 422 1 400 1 372
1,123
1,143
1,156
1 087 1 122 1,126
292
291
300
301
303
308
50 629
16 194
560
2,747
12 887
7 454
' 84
454
354
479
905
985
1 339
1,113
1,151
287
303
50, 536
16 122
561
2,712
12, 849
7 404
82
459
351
477
889
979
1,317
1,106
1,155
286
303
50, 736
16 115
564
2,711
12, 840
7 348
81
463
355
477
878
960
1,300
1,097
1,143
287
307
51, 052
16 312
567
2,734
13 Oil
7 450
77
469
366
483
892
993
1,300
1,131
1,142
286
311
51, 315
16,467
569
2,741
13,157
7,527
75
475
379
488
911
1,000
1,314
1,139
1,140
291
315
51,435
16,532
585
2,712
13,235
7,548
75
483
381
488
894
1,004
1,319
1,151
1,144
295
314
51,420
16,512
581
2,709
13,222
7,539
71
481
384
489
892
1,000
1,310
1,147
1,155
296
314
51, 592
16, 600
587
2,702
13,311
7,603
73
485
387
489
903
1,006
1,308
1,160
1,182
298
312
5 354
1,119
64
727
1,008
474
644
563
122
426
207
5, 380
1,125
62
745
1,020
471
639
558
121
430
209
5 433
1,131
62
766
1,033
472
636
562
123
436
212
5,445
1,133
62
771
1,043
469
631
560
125
436
215
5,492
1,131
65
777
1,071
474
629
560
127
439
219
5,561
1,147
65
800
1,071
479
632
566
128
453
220
5,630
1,150
66
819
1,086
487
632
573
128
463
226
5,687
1,154
65
832
1,107
490
630
579
129
471
230
5,683
1,143
67
831
1,112
492
629
580
130
466
233
34, 433
3,869
14, 863
3,464
11,399
3,210
12,491
34, 424
3,865
14, 858
3,461
11,397
3,206
12, 495
046
506
8^1
178
673
207
864
618
733
885
54
4
16
4
1°
4
13
14
2
11
134
508
847
176
671
209
878
699
731
961
54
4
16
4
12
4
13
14
2
11
Seasonally Adjusted}
Production or nonsupervisory workers on private
nonagricultural payrolls}:...
thous
Goods-producing
_
do
Mining
do
Contract construction
do
Manufacturing
do
Durable goods
do
Ordnance and accessories..
do
Lumber and wood products
do
Furniture and
fixtures
do
Stone, clay, and glass products _. . do
Primary metal industries
do
Fabricated metal products..
. do
Machinery, except electrical
do
Electrical equipment and supplies. ..do
Transportation equipment
do
Instruments and related products. . do
Miscellaneous manufacturing ..
do
Nondurable goods. _
do
Food and kindred products.
do
Tobacco manufactures
_ do
Textile mill products . .
do
Apparel and other textile products...do
Paper and allied products.. _
do
Printing and publishing
do
Chemicals and allied products- .
do
Petroleum and coal products
do
Rubber and plastics products, nee... do
Leather and leather products
do
Service-producing
Transportation, comm., elec., gas, etc
Wholesale and retail trade . . .
Wholesale trade
Retail trade...Finance, insurance, and real estate.
Services
do
do
do
do
do
do
do
' Revised.
v Preliminary.
^Effective with the Oct. 1975 SURVEY, all establishment (payroll) employment, hours,
earnings, and labor turnover reflect the periodic adjustment of these data to more recent
benchmarks (Mar. 1974) and to revised seasonal factors. Data back to Jan. 1970 are subject
to revision. The Oct. 1975 EMPLOYMENT AND EARNINGS (BLS) provides monthly data back
to 1970 for many of the series published in the SURVEY.
' 51,963 ' 52,071 52, 180
' 16,744 ' 16,718 16, 767
585
'582
'578
' 2, 714 ' 2, 649 2,637
13,
545
'
13,491
' 13,448
7,777
' 7, 698 ' 7, 728
73
73
73
501
'498
'496
399
'398
390
485
487
'489
907
'910
'907
1,036
' 1, 020 ' 1, 030
1,328
1,317 ' 1, 322
1,197
' 1, 171 ' 1, 181
1,222
' 1, 211 '1,202
305
'304
302
324
'323
'322
5,708 ' 5, 750 ' 5, 763 5,768
1,143
1,144 ' 1, 156 ' 1, 166
'64
60
66
66
'842
844
'837
836
1,140
1,121 ' 1, 133 ' 1, 126
'506
506
'502
497
'624
627
'627
631
587
586
'583
579
132
133
131
130
486
479
'477
470
242
'238
'238
234
34, 435 34, 414 34, 621 34, 740 34, 848 34, 903 34,908 34, 992 ' 35,219 ' 35,353 35, 413
3,868
3,832 ' 3, 854 3,880
3,828
3,835
3,854
3,827
3,825
3,849
3,831
14, 862 14, 896 14, 992 15, 032 15,076 15, 077 15,031 15, 087 ' 15,226 ' 15,278 15, 314
3,512
3,492 ' 3, 509
3,463
3,452
3,459
3,467
3,448
3,445
3,440
3,458
11,404 11,456 11,544 11, 587 11,613 11,618
11,579 11,620 11,734 ' 11,769 11, 802
3,232
3, 234
3,251 ' 3, 258 ' 3, 260 3,268
3,208
3,203
3,218
3,240
3,209
12,515 12, 479 12, 599 12,665 12,710 12,759 12, 783 12,822 ' 12,881 ' 12,935 12, 963
ONOTE FOR P. S-16: In accordance with the 1975 Tax Reduction Act (effective May 1,
1975), new formulas have been constructed for the period May-Dec. 1975 for calculating spendable earnings. Therefore, the entire reduction in 1975 taxes is accounted for in the period
May-Dec. 1975. The 4.5% increase from Apr. to May 1975 in real spendable earnings reflects a
.1% decrease in real weekly earnings plus a 4.6% decrease in the average tax effect (the change
in average social security/federal income tax rates for worker with 3 dependents who earned
the average weekly earnings).
SURVEY OF CURRENT BUSINESS
April 1976
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
1974
1975
1975
Annual
S-15
Feb.
Mar.
Apr.
May
June
July
1976
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb."
Mar. P
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
AVERAGE HOURS PER WEEK
Seasonally Adjusted
Avg. weekly hours per worker on private nonagric.
payrolls :JH Seasonally adjusted
hours..
Not seasonally adjusted
do
Mining
do
Contract construction
do
Manufacturing: Not seasonally adjusted
do
Seasonally adjusted. . . do
Overtime hours
do..
35.9
35.6
41.9
34.9
38.7
38.9
2.3
35.9
35.7
41.1
36.8
38.9
39.1
2.3
35.9
35.8
42.6
36.9
39.0
39.0
2.4
36.0
36.3
42.2
35.7
39.5
39.3
2.4
36.0
36.4
42.1
36.2
».2
i>9.4
2.6
36.2
36.6
41.8
36.7
39.7
39.7
2.8
36.1
36.3
42.1
36.7
40.2
39.8
2.8
36.2
36 2
42^7
36.6
39.9
39.8
2.8
36.3
36.2
42.9
36.8
40.1
39.9
2.8
36.4
36.5
42.8
37.3
40.8
.J.3
3.0
••36.5
'36.0
'43.0
37.7
3C.9
40.5
3.0
36.5
36.1
'43.0
'38.0
'40.0
'40.4
'3.1
36.2
35.9
42.2
2.6
36.1
35.7
42.4
36.8
38.5
38.8
2.4
36.6
42.4
36.9
40.0
36.1
42.3
36.6
39.4
3.2
40.0
40.2
3.2
Durable goods
Overtime hours.
_
Ordnance and accessories..
Lumber and wood products
_
Furniture and fixtures _ .
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
..
Machinery, except electric,
Electrical equipment and supplies
Transportation equipment. _ .
Instruments and related products.
Miscellaneous manufacturing ind_
do
do
do
do
do
do
do
do
do
do
do
do
do
40.7
3.4
41.7
39.7
39.0
41.4
41.7
40.8
42.3
39.8
40.1
40.2
38.5
39.9
2.5
41.3
39.1
37.9
40.6
40.0
40.0
40.9
39.5
40.3
39.5
38.3
39.7
2.5
41.3
38.6
36.4
40.2
40.3
39.8
41.3
39.2
39.2
39.0
37.8
39.5
2.3
41.3
38.0
36.6
39.6
40.0
39.7
40.9
39.2
39.1
39.1
37.7
39.7
2.4
41.3
38.8
37.2
40.3
39.7
39.7
41.0
39.4
40.5
39.2
38.1
39.5
2.2
41.1
38.8
37.5
40.2
39.5
39.5
40.5
39.1
39.5
39.3
38.1
39.6
2.3
41.6
39.0
37.6
40.3
39.6
39.5
40.4
39.3
40.0
39.4
38.3
39.8
2.5
40.1
39.1
37.8
40.6
39.7
^9.5
.0.5
39.5
40.7
39.7
38. 1
40.2
2.7
41.2
39.5
38.3
40.7
39.9
40.0
40.8
39.6
41.2
39.5
38.2
40.2
2.7
41.7
39.6
38.9
40.8
39.9
40.2
40.7
39.6
40.9
39.7
38.7
40.0
2.6
41.6
39.8
38.9
40.8
39.9
40.4
40.6
39.6
40.4
39.7
38.8
40.2
2.7
41.7
39.4
39.1
40.9
40.2
40.5
40.9
39.6
40.8
39.9
38.6
40.7
2.9
41.3
40.2
39.5
41.3
40.3
41.1
41.2
40.1
41.9
40.3
39.2
40.9
2.9
'41.4
'40.8
39.4
'41.5
'40.4
'41.0
41.3
'40.4
'41.7
40.4
39.1
'40.8
'3.1
'40.8
40.4
39.4
'41.4
'40.7
'41.0
'41.2
'40.2
'42.0
'40.1
'38.8
40.6
3.1
40.9
39.7
38.9
40.8
40.7
40.8
41.0
40.1
42.1
40.3
38.9
Nondurable goods
Overtime hours .
Food and kindred products
Tobacco manufactures
Textile mill products..
Apparel and other text i products
do
do
do
do .
do
do
39.1
3.0
40.4
38.0
39.4
35.1
38.8
2.7
40.3
38.0
39.2
35.1
37.6
2.2
40.0
37.5
36.1
33.6
37.9
2.2
40.2
38.6
36.9
33.8
38.0
2.2
39.9
38. 3
37.7
34.3
38.3
2.4
39.9
36.9
38.9
34.4
38.7
2.6
39.9
39.8
39.2
35.2
38.8
2.8
40.1
35.4
39.6
35.2
39.3
2.9
40.7
37.6
40.4
35.5
39.4
3.0
40.9
38.0
40.9
36.0
39.5
3.0
40.6
37.5
41.0
36.2
39.5
3.0
40.4
39.7
41.0
36.1
39.7
3.2
40.5
37.7
41.2
36.6
39.9
'3.3
'40.7
'39.1
'41.4
36.6
39.7
'3.1
'40.4
'39.3
40.9
'36.4
39.5
3.2
40.3
39.0
40.6
36.1
do
do
do
do
do
do
42.1
37.6
41.6
42.5
40.4
37.2
41.6
37.0
40.9
41.6
39.7
37.4
40.6
37.1
40.6
41.9
38.8
35.4
40.5
37.0
40.4
41.7
38.7
35.3
40.4
36.8
40.3
41.0
39.0
36.5
40.9
36.7
40.6
41.5
39.6
36.5
41.5
36.7
40.7
41.2
39.6
37.5
41.6
36.7
40.9
41.3
40.0
37.8
42.1
37.1
41.1
41.0
40.1
38.0
42.2
36.9
41.3
41.6
40.1
38.4
42.3
37.0
41.4
41.8
40.0
38.9
42.4
37.3
41.4
42.0
40.0
38.4
42.9
37.6
41.7
41.8
40.6
38.7
'42.7
'37.8
'41.6
'42.5
'40.9
'38.6
'42.7
'37.6
'41.6
'42.3
'40.9
'38.4
42.5
37.6
41.5
42.8
40.9
38.9
do
do
do
. do
do
do
40.2
34.1
38.9
32.7
36.7
33.9
39.6
33.8
38.6
32.4
36.5
33.8
39.7
33.9
38.6
32.3
36.8
33.9
39.7
33.9
38.6
32.5
36.6
33.8
39.8
33.7
38.6
32.3
36.2
33.7
39.2
33.9
38.6
32.5
36.4
33.9
39.5
33.8
38.4
32.4
36.5
33.9
39.4
33.6
38.5
32.2
36.3
33.7
39.5
33.8
38.6
32.3
36.3
33.8
39.7
33.6
38.5
32.2
36.3
33.6
39.
33.9
38.8
32.3
36.4
33.7
39.6
33.8
38.7
32.5
36.7
33.9
39.9
33.9
38.8
32.4
36.4
33.6
'39.6
33.9
'38.9
'32.5
'36.5
'33.7
'39.7
'33.9
38.8
'32.5
'36.6
'33.7
39.6
33.8
38.6
32.4
36.4
33.6
Employee-hours, wage & salary workers in nonagric. establish., for 1 week in the month, seasonally adjusted at annual ratej
bil. hours. . 150. 72
122. 63
Total private sector
do
1.53
Mining
do
7.58
Contract constr "tion
do
41.50
Manufacturing
do
9.82
Transportation, comm., elec., gas
do
30.27
Wholesale and retail trade
do
8.01
Finance, insurance, and real estate
do
23.93
Services
do
28.08
Government . .
do
146. 75
117. 58
1.64
6.58
37.62
9.27
29.88
8.01
24.59
29.17
146. 15
117. 39
1.60
6.87
37.28
9.42
29.72
8.06
24.44
28.76
145. 38
116.34
1.59
6.29
36.98
9.30
29.80
8.01
24.37
29.04
145. 58
116. 32
1.56
6.58
36.94
9.33
29.66
7.92
24.32
29.26
145. 70
116. 60
1.64
6.60
36.95
9.16
29.81
7.96
24.48
29.10
145. 04
116. 24
1.63
6.3^
36.98
9.18
29.73
7.98
24.45
28.80
145. 35
116. 46
1.63
6.39
37.05
9.15
29.80
7.93
24.52
28.89
146.81
117.61
1.63
6.52
37.70
9.17
29.94
7.96
24.69
29.20
147.26
118.00
1.65
6.55
38.06
9.18
29.91
8.00
24.66
29.26
148.29
118.49
1.72
6.48
38.17
9.24
30.04
8.04
24.81
29.80
148.44
118.92
1.71
6.52
38.22
9.26
30.09
8.11
25.^1
29. 51
149.09
119.37
1.71
6.61
38.66
9.29
30.17
8.07
24.86
29.72
' 150.30
' 120.50
'1.71
'6.72
' 39. 12
'9.25
30.53
8.10
' 25. 07
29.80
' 149.84
' 120.69
1.71
'6.64
r
39. 10
'9.33
' 30. 63
'8.12
' 25. 16
' 29. 15
149. 69
113.0
103.4
111.7
117.1
100.7
102.0
98.8
119.7
108.6
116.2
114.4
116.9
125.0
127.9
107.4
91.2
119.5
99.0
88.8
87.5
90.8
118.6
101.7
114.3
111.6
115.3
123.5
130.8
107.0
90.7
116.7
104.1
87.4
87.9
86.7
118.4
103.5
113.7
112.1
114.2
124.5
129.9
105.9
88.4
115.9
94.5
86.4
86.6
86.0
118.1
102.1
113.9
111.6
114.8
123.6
129.6
106.0
89.2
113. 7
99.0
86.6
86.5
86.7
117.6
102.3
113.4
111.5
114.0
122.1
129.3
106.3
89.4
119.4
99.3
86.6
85.4
88.2
118.0
100.3
113.9
111.4
114.8
122.9
130.3
106.0
88.9
118.4
94.9
86.8
85.2
89.1
117.8
100.6
113.7
110.3
115.0
123.2
129.9
106.2
89.3
118.8
96.2
87.1
84.9
90.2
118.0
100.3
114.0
110.8
115.2
122.3
130.4
107.4
91.2
118.6
98.3
89.0
86.7
92.4
118.7
100.5
114.6
111.0
115.9
122.9
131.4
107.9
92.4
119.9
98.6
90.3
87.7
94.1
118.7
101.1
114.6
111.3
115.8
123.5
131.1
108.4
92.7
125.0
97.3
90.8
87.8
95.1
119.3
101.2
115.1
112.0
116.2
123.7
132.0
108.8
92.9
124.7
97.7
90.9
88.1
95.0
119.8
101.5
115.2
111.5
116.6
125.1
133.1
109.3
94.3
125.7
98.8
92.5
90.0
96.2
119.7
101.7
115.5
112.3
116.6
124.5
132.3
4.22
5.21
6.75
4.41
4.24
4.69
4.50
4.71
3.91
3.50
4.52
5.60
4.59
4.92
4.17
5.48
4.20
3.50
4.54
5.90
7.25
4.81
4.66
5.14
4.98
5.23
4.28
3.75
4.89
6.17
5.04
5.36
4.58
6.02
4.56
3.79
4.42
5.74
6.99
4.68
4.56
4.98
4.84
5.04
4.11
3.66
4.69
5.99
4.84
5.21
4.45
5.75
4.46
3.73
4.44
5.75
7.14
4.72
4.59
5.02
4.88
5.09
4.14
3.69
4.72
6.01
4.90
5.24
4.48
5.84
4.49
3.73
4.46
5.73
7.12
4.73
4.60
5.04
4.90
5.10
4.13
3.71
4.78
6.01
4.93
5.26
4.51
5.86
4.49
3.75
4.48
5.81
7.12
4.75
4.61
5.06
4.93
5.15
4.17
3.70
4.83
6.04
4.98
5.29
4.53
5.88
4.52
3.75
4.51
5.87
7.18
4.78
4.63
5.10
4.95
5.17
4.25
3.72
4.87
6.07
5.03
5.32
4.58
5.96
4.54
3.78
4.53
5.88
7.24
4.81
4.65
5.13
4.98
5.22
4.31
3.74
4.93
6.11
5.04
5.33
4.61
6.00
4.56
3.79
4.56
5.92
7.27
4.82
4.65
5.16
5.00
5.28
4.39
3.78
4.96
6.29
5.10
5.39
4.60
6.01
4.57
3.79
4.64
6.02
7.42
4.89
4.70
5.24
5.06
5.39
4.43
3.79
5.01
6.39
5.17
5.47
4.66
6.14
4.60
3.82
4.66
6.02
7.42
4.90
4.72
5.26
5.08
5.41
4.42
3.81
5.02
6.35
5.19
5.51
4.66
6.24
4.60
3.83
4.68
6.11
7.45
4.93
4.76
5.29
5.11
5.44
4.41
3.82
5.06
6.43
5.22
5.54
4.70
6.25
4.64
3.87
4.68
6.17
7.51
5.00
4.82
5.38
5.19
5.54
4.43
3.85
5.06
6.48
5.29
5.62
4.78
6.39
4.74
3.94
Paper and allied products
Printing and publishing
_
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
Trans., comm., elec., gas, etc
Wholesale and retail trade. _
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
AGGREGATE HOURS
Seasonally Adjusted
Indexes of hours (aggregate weekly) :Jfl
Private nonagric. payrolls, total
1967=100
Goods-producing
do
Mining
. . .
do
Contract construction
do
Manufacturing
do
Durable goods
.
do
Nondurable goods _
do
Service-producing
do
Transportation, comm., elec., gas.
do
Wholesale and retail trade
do
Wholesale trade
.do
Retail trade. . . p
. d o
Finance, insurance, nd real estate
do
Services
do
' 110. 3
95.5
' 125. 2
' 100. 3
93.7
91.3
97.1
' 120. 6
'101.5
'116.8
'110.6
95.3
124.4
'98.6
93.7
'91.6
'96.9
'121.1
' 102. 4
' 117. 2
' 113. 4
' 113. 6
' 118. 1 ' 118. 5
125.1 ' 125. 5
' 133. 3 ' 133. 8
1.69
39.12
9.28
30.61
8.10
25.13
29.56
110.1
94.4
123.5
93.8
91.8
96.7
120.9
101.9
117.0
113.1
118.5
125.1
133.7
HOURLY AND WEEKLY EARNINGS
Average hourly earnings per worker:JU
Not seasonally adjusted:
Private nonagric. payrolls
dollars. .
Mining
do
Contract construction
do
Manufacturing
_
.do ...
Ex eluding overtime
.do
Durable goods
.
do
Excluding overtime
do..
Ordnance and accessories
do
Lumber and wood products . . do
Furniture and
fixtures
do.. .
Stone, clay, and glass products
do
Primary metal industries
do .
Fabricated metal products
do
Machinery, except electrical
do
Electrical equipment and supplie, .do
Transportation equipment
do
Instruments and related products.-do
Miscellaneous manufacturing ind...do
' Revised.
r> Preliminary.
J See note "J", p. S-14.
f Production and nonsupervisory workers.
4.72
6.27
'7.50
5.02
4.85
'5.38
5.20
5.49
4.46
3.86
'5.05
'6.51
'5.29
'5.61
4.77
6.35
4.75
3.97
4.74
'6.31
'7.49
'5.04
4.86
'5.40
5.21
'5.55
'4.47
3.87
'5.07
'6.56
'5.30
'5.64
'4.78
6.39
'4.76
'3.96
4.74
6.28
5.07
4.89
5.43
5.24
5.58
4.49
3.89
5.09
6.62
5.34
5.65
4.82
6.45
4.78
3.98
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1975
1974
April 1976
1975
Annual
Mar.
Feb.
Apr.
June
May
1976
July
Sept.
Aug.
Oct.
Nov.
Dec.
Jan.
Feb.*
4 56
4.39
4 86
5 03
3 57
3 37
5 27
5 58
5 69
7.08
4.53
3.35
6 26
3 89
5 07
3.47
4.31
4.28
5.08
6.30
3.88
4.30
4.27
Mar.*
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HOURLY AND WEEKLY EARNINGS— Con.
Avg. hourly earnings per worker, private nonagric.
payrolls. Not seas, adj.t H— Continued
Manufacturing— Continued
Nondurable goods
..__ dollars
Excluding overtime
do
Food and kindred products
- do
Tobacco manufactures
do
Textile mill products
do
Apparel and other textile prod _ _ d o _ .
Paper and allied products .do
Printing and publishing
do
Chemicals and allied products
_ do
Petroleum and coal products
do
Rubber and plastics products, nee _ do
Leather and leather products
__do
Transportation comm elec gas
do
Wholesale and retail trade
__do
Wholesale trade
do
Retail trade
- .. - do
Finance, insurance, and real estate
do
Seasonally adjusted: t
Mining
- --do
Contract construction
do
Manufacturing
.
do
Transportation, comm., elec., gas
do
Wholesale and retail trade
do
Finance, insurance, and real estate
do
Indexes of avg. hourly earnings, seas, adj.: (D 1ft
Private nonfarm economy:
Current dollars
-- -.1967=100.1967 dollars A
do
Mining
.
-do
Contract construction
do
Manufacturing
do
Transportation, comm., elec., gas...
do
Wholesale and retail trade
do_ -Finance, insurance, and real estate
do
Services
•
do
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (E NR): <?
Common labor
__
$perhr_Skilled labor
- -- - do
Farm (U.S.) wage rates, hired workers, by
method of pay:*
All workers including piece-rate
$ per hr
All workers other than piece-rate
do
Workers receiving cash wages only
do
Workers paid per hour cash wages only do
Railroad waces (average class I)§
do
Avg. weekly earnings per worker; ^private nonfarm::
Current dollars seasonally adjusted
1967 dollars seasonally adjusted A
- Spendable earnings (worker with 3 dependents):©
Current dollars seasonally adjusted .
. _
1967 dollars seasonally ad justed A
Current dollars, not seasonally adjusted:^
Private nonfarm total
- dollarsMining
do
Contract construction
. _ _. . do .
Manufacturing
_
do
Durable goods
do
Nondurable goods
- do .
Transportation, comm., elec., gas
do...
Wholesale and retail trade
do
Wholesale trade
do ..
Retail trade
do
Finance, insurance, and real estate
do._Services
do
HELP-WANTED ADVERTISING
S6asonallv adiusted indext
1967 — 100
LABOR TURNOVER*
Manufacturing establishments:
Unadjusted for seasonal variation:
Accession rate, total
mo. rate per 100 employeesNew hires
do
Separation rate, total
do__Quit
_-_do___
Layoff
_
do
Seasonally adjusted:
Accession rate, total
do__.
New hires
do
Separation rate total
do
Quit
-_do_Layoff
_
_ do _
WORK STOPPAGES
Industrial disputes:
Number of stoppages:
Beginning in month or year
number
3.99
3.84
4.16
4.10
3.19
2.99
4.51
4.97
4.85
5.61
4.03
3.01
5.43
3.47
4.49
3.09
3.82
3.76
4.35
4.20
4.57
4.51
3.40
3.19
4.99
5.36
5.37
6.42
4.35
3.23
5.92
3.75
4.89
3.34
4.13
4.06
4.25
4.13
4.45
4.49
3.30
3.13
4.75
5.20
5.16
6.11
4.22
3.18
5.70
3.68
4.79
3.27
4.05
3.99
4.27
4.16
4.48
4.69
3.31
3.16
4.78
5.23
5.19
6.27
4.23
3.21
5.72
3.68
4.80
3.27
4.09
4.00
4.27
4.16
4.49
4.77
3.32
3.16
4.81
5.25
5.22
6.30
4.25
3.21
5.75
3.69
4.80
3.29
4.09
3.99
4.30
4.17
4.52
4.77
3.33
3.15
4.86
5.32
5.30
6.33
4.30
3.20
5.78
3.72
4.83
3.31
4.11
4.01
4.32
4.18
4.54
4.89
3.34
3.16
4.95
5.35
5.35
6.38
4.33
3.21
5.83
3.73
4.87
3.33
4.16
4.02
4.36
4.21
4.55
4.62
3.34
3.16
5.05
5.41
5.42
6.51
4.42
3.22
5.90
3.73
4.88
3.33
4.13
4.03
4.36
4.20
4.58
4.32
3.38
3.16
5.10
5.45
5.44
6.55
4.39
3.21
6.05
3.76
4.93
3.35
4.15
4.03
4.41
4.23
4.62
4.29
3.48
3.22
5.11
5.49
5.48
6.61
4.41
3.26
6.11
3.80
4.94
3.39
4.16
4.13
4.42
4.25
4.65
4.27
3.53
3.24
5.15
5.49
5.50
6.61
4.42
3.25
6.14
3.82
4.98
3.41
4.17
4.16
4.45
4.28
4.70
4.40
3 53
3.25
5.21
5.47
5.56
6.66
4.44
3.28
6.19
3.83
5.02
3.41
4.24
4.22
4.48
4.31
4.75
4.54
3.55
3.27
5.23
5.50
5.61
6.67
4.51
3.31
6.18
3.81
5.03
3.40
4.23
4.23
4.53
4.37
'4 81
'4.84
'3 57
3.33
'5.25
'5
53
r
5. 66
6.96
4.50
3.37
'6 23
'3.89
••5 05
'3.47
'4.26
'4.26
'4 54
'4.38
r 4 83
r 4 gg
3 56
3 33
'5 25
5 55
'5 68
'7.03
'4.52
'3.39
'6 25
'3 89
r 5 06
'3.47
'4.32
'4.29
4 22
5.21
6.75
4.41
5.43
3.47
3.82
3.76
4 54
5.90
7.25
4.81
5.92
3.75
4.13
4.06
4 43
5.71
6.98
4.68
5.70
3.67
4.02
3.97
4 46
5.76
7.18
4.72
5.75
3.67
4.08
3.99
4 47
5.71
7.18
4.73
5.77
3.68
4.08
3.99
4 49
5.82
7.16
4.75
5.82
3.71
4.11
4.01
4 51
5.89
7.27
4.78
5.87
3.73
4.18
4.04
4 54
5.92
7.33
4.82
5.90
3.74
4.14
4.06
4 57
5.97
7.30
4.86
6.05
3.78
4.18
4.08
6.01
7.32
4.88
6.04
3.79
4.16
4.10
6.08
7.32
4.90
6.12
3.82
4.18
4.15
6.10
7.41
4.93
6.17
3.84
4.26
4.22
6.11
7.46
4.96
6.17
3.84
4.22
4.22
6.19
'7.46
5.00
'6.22
'3.87
'4.24
4.25
'6.28
'7.48
'5.04
'6.25
'3.87
'4.29
'4.27
158.6
107.4
163.1
163.7
156.0
167.3
155.0
148.6
163.3
' 172. 7
107.0
'183.2
' 175. 4
171.5
' 182. 5
168.1
161.5
' 176. 0
167.8
106.7
177.6
168.8
166.1
175.6
164.1
157.3
172.1
169.1
107.1
178.5
173.7
167.7
176.8
164.8
159.8
172.8
169.4
106.8
178.1
173.7
168.6
177.6
164.9
159.4
172.5
170.6
107.0
180.7
173.4
169.7
179.3
166.4
160.4
173.5
172.2
107.2
182.8
175.9
171.0
181.1
167.5
163.1
175.5
173.1
106.7
184.0
177.4
172.2
182.4
168.3
161.5
175.8
174.6
107.3
186.2
176.7
173.3
186.2
170.5
163.0
177.1
175.2
107.2
187.2
177.3
174.5
186.3
170.5
162.6
177.8
176.7
107.4
188.9
177.7
176.0
188.8
171.9
163.8
179.4
178.2
107.7
189.4
179.2
176.9
190.7
172.9
167.1
182.2
179.6
180.6
178.6
107.5
107.9
107.3
192.2
194.4
190.2
180.0
180.8
180.3
178.8
179.7
177.6
192.2
192.7
190.5
172.4 ' 174. 0 173.9
165.1 ' 165. 9 ' 167. 6
182.6 ' 184. 6 ' 185. 2
181.2
108.1
194.7
7.55
10.18
8.30
11.01
7.96
10.66
7.96
10.67
7.99
10.70
8.06
10.76
8.23
10.93
8.44
11.08
8.57
11.24
8.58
11.29
8.59
11.35
8.60
11.37
8.62
11.42
8.63
11 43
8.63
11 44
2.25
2.21
2.43
2.32
5.707
2.43
2.38
2.60
2.^5
154. 45
104. 57
163. 89
101.67
159. 92
101. 67
160. 11
101. 40
160. 47
101. 12
161. 19 162. 36
"101.06 101. 10
163. 44
100. 76
165. 43
101. 62
166. 06
101. 57
167. 61
101. 89
169. 88
102. 65
170. 35 ' 172.65
102. 37 ' 103.32
173 38
103 63
172 31
102. 81
134. 37
90.97
145. 93
90.53
138. 59
88.11
138. 73
87.86
139. 00 °146. 00 146. 91
87.59 •91. 54 91.48
147. 76
91.10
149.31
91.71
149. 81
91.63
151.02
91 81
152. 76
92.30
153. 12 ' 153.72 154 28
92.02 ' 91. 99 92 22
153 46
91 56
154. 45
220. 90
249. 08
176. 40
190. 88
156. 01
218. 29
118. 33
174. 66
101. 04
140. 19
127. 46
163. 89 157. 79 158. 06
249. 57 241. 08 237. 48
265. 35 247. 45 247. 76
189. 51 180. 18 182. 66
205. 09 196. 21 197. 79
168. 78 158. 52 160. 98
234. 43 224. 58 224. 80
126. 75 122. 91 123. 28
188. 75 183. 46 184. 32
108. 22 103. 99 104. 64
150. 75 149. 04 149. 29
137. 23 134. 46 134. 40
169. 42 170. 82 ' 169.92 171 11 170 17
262. 73 264.69 'r 266.48 r 268 81 261 25
270. 44 275.62 270.00 r 274 13
197. 69 204. 00 200. 30 '201.60 202. 80
213. 72 222. 73 ' 216.81 ' 218 70 219. 92
176. 67 179.20 178. 48 r 178 42 179 21
245. 12 246.58 ' 244.84 ' 246.25 245. 39
128. 69 130.30 ' 129.93 r 129 93 129 93
194. 27 197.18 'r 195.44 r 194 81 194 69
109. 46 111.18 110.69 r no 69 110 69
155. 18 153. 97 ' 155.49 ' 158.11 156. 45
142. 21 142.13 ' 142.71 ' 143 72 142 95
2.42
2.39
2.63
2.46
163. 71
250. 65
262. 07
188. 81
203. 49
168. 05
231. 45
127. 19
187. 98
109. 22
151.84
137. 08
164. 89
248. 72
270. 05
188. 55
202. 64
169. 60
235. 41
128. 69
188. 86
110. 89
150. 33
138. 23
166.90
248.64
274.81
191.35
205.88
172.22
241.40
130.10
190.79
111.89
151.06
138.23
168. 43
255.25
278.99
196. 58
212. 22
175. 52
243. 79
128. 06
190.68
109.50
150.59
139. 18
168. 69
259. 46
278. 25
195.51
211.45
175. 03
244. 99
128. 73
193. 22
109. 46
151. 79
139. 78
74
81
84
83
83
83
87
88
87
93
4 0
2.5
3.6
1. <
1.5
2.6
4.4
1. 5
2J
3.1
4.6
3.0
4.3
37
2.4
4.0
28
1.7
3.5
2 2
1.3
3.4
3.7
2.2
l.J
1.'
1.6
1.7
1.9
3g
2.1
3. 7
13
1.6
4.2
4.0
3.7
3.6
3.7
23
4.0
1.6
1.6
3.8
2
3.
1.5
1.
4.2
24
3.5
1.5
1.2
4.4
2 8
3.7
1.7
1.
332
628
278
428
28
47
80
76
74
74
4. 2
3.2
4.8
2.J
1.5
3.7
2.0
4.2
1.'
2.1
2. 7
1.2
4.5
2.9
3. 2
1.3
4.2
1. 1
2.5
3. 7
1.6
4.0
1.
2.:
2.0
3.9
1. i
1.8
3.3
1. 6
5.3
1.2
3.
3.4
1. 5
4.7
1.1
2.7
3.9
1.7
4.5
1.2
2.6
3.5
1.8
4.1
1.3
2.6
3.5
1.8
3.9
1.3
2.
30
CO
37
51
61
64
Q1
QQ
5,20
74.
2
9
4.0
1.5
1.5
3.6
1.5
1.5
3.5
1.3
1.7
3.7
1.5
1.7
62
1 03
45
913
363
667
44
68
180.8
193.5
174.4
168.1
184.8
2.76
2 69
2.97
2 76
63
56
82
65
160. 38
247. 51
262. 73
185. 25
199. 87
164. 26
226. 00
124. 99
185. 96
106. 25
149. 19
134. 74
110
6,07
2
2
2
2
159. 22
233. 78
259. 17
184. 00
199. 58
161. 41
226. 55
123. 25
183. 84
104. 95
148. 06
133. 67
Workers involved in stoppages:
1,80
13
9
10
Beginning in month or year
thous.
2,77
22
17
18
In effect during month
do
35,66
2,51
1,77
1,73
Davs idle during month or year
__do-47,99
r
Revised.
*> Preliminary.
% See corresponding note, p. S-14.
H Production and
nonsupervisory workers.
0 The indexes exclude effects of changes in the proportion of
workers in high-wage and low-wage industries, and the manufacturing index also excludes
effects of fluctuations in overtime premiums.
§ For line-haul roads only.
A Earnings
in 1967 dollars reflect changes in purchasing power since 1967 by dividing by Consumer
Price Index. Effective Feb. 1976 SURVEY, data revised (back to 1967) in accordance with
the new seasonal adjustment methods for the CPI.
d"Wages as of Apr. 1. 1976: Common,
$8.63; skilled, $11.52.
6.077
2.29
2.25
2.39
2.31
8.62
11.42
6.29
19
13
1.1
7
54
14
63
154
18
29
21
24
11
10
17
41
310 C 20
56
41
39
72
1,12
2,084
2,76
4,41
3,947
5,79
4,62
4,93
O See "O" note, bottom of p. S-14.
° See "O," bottom of p. S-14.
t Revisions for
1972-74 appear in the Sept. 1975 SURVEY. Scattered revisions for earlier years are available.
*New series. USD A Quarterly Agricultural Labor Survey. Data beginning 1974 are
for the week containing the 12th day of the quarter month and cover field and livestock
workers, machinery operators, packing-house, maintenance, etc., agricultural workers; no
comparable data prior to 1974 are available.
SURVEY OF CUKRENT BUSINESS
April 1976
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1975
1975
1974
Annual
S-17
Feb.
Mar.
Apr.
May
June
July
1976
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
UNEMPLOYMENT INSURANCE
Unemployment insurance programs:
Insured unemployment, all programs, average
5,751
4,917
weekly §9. ..
..
_
thous.
2,568
5,886
5,647
State programs:
18, 880 P 24, 764
2,455
2,041
Initial claims
do
2,158
2,260 P 3, 967
5,108
5,091
4,775
Insured unemployment, avg. weekly,.. do
Percent of covered employment: A
3.5
6.0
7.8
Unadjusted
7.2
7.7
Seasonally adjusted
5.8
6.2
6.5
1,874
p 3, 356
4,342
Beneficiaries, average weekly
__thous_.
4,377
4,553
5, 974. 9 *12,052.6 1,164.2 1 290.6 1,301.2
Benefits paid § _
.
mil $
Federal employees, insured unemployment,
average weekly...
thous
Veterans' program (UCX):
Initial claims . .
.
do
Insured unemployment, avg. weekly do
Beneficiaries, average weekly
_ __do_ _.
Benefits paid
.
mil. $
Railroad program:
Applications
thous
Insured unemployment, avg. weekly.. do
Benefits paid
mil $
5,202
4,892
4,979
4,120
4 461
4 962 P 4 721
1,749
4,281
1,832
3,878
2,202 P 1, 570 P! 520 P! 677 ' Pl,620
3,861
3,422
3,061
3,046
2,919
r P% 324
2 327
3,898 P 3, 722
6.4
6.7
3,837
1,145.1
4,576
4,238
4,039
5.8
5.1
4.6
5.8
4.6
4.4
6.5
6.3
6.1
6.1
5.4
58
3,437
3,208 p 2, 952 p 2, 489 P 2, 306 »• P2,349
984.0 1 086.9 p 879. 6 P 763. 8 P 750. 4 *• P671.8
3,410
51
5.9
4.5
4.8
P2,685
P
3,
197
r
?886 8 p 1 018 7
p5 6
P4.3
40
p44
47
47
43
40
40
43
43
44
44
48
48
53
P 52
377
71
65
249.2
p412
plOO
plOl
P 386. 2
30
95
100
29
96
102
30
94
101
28
92
95
34
91
95
41
98
94
»36
101
p41
105
P39
107
p30
109
p38
113
p34
117
p 111
28.1
30.1
31.5
30 0
29.0
32.3
'103
"32.7
p 99
p33 0
p 101
p35 7
p 106
?32. 7
P113
P40 2
P120
P40 9
69
10
153
27
16
26
9
27
6
27
4
20
18
18
13
24
15
35
9
37
13
45
55
4 2
39
39
4 9
10
31
10
32
51
28
23
16 1
12 8
10 3
14 0
17 4
16, 790
r 48,274
r 36,087
5,574
' 30,513
12, 187
17, 304
50, 437
38, 711
6,360
32, 351
11, 726
17, 875
49, 557
38, 437
6,389
32, 048
11, 120
18, 727
47,739
37, 564
6,239
31, 325
10, 175
22.2
89 5
4 9
39
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers 'acceptances
mil $
Commercial and financial co. paper, total
do
Financial companies
do
Dealer placed
do
Directly placed..
do
Nonfinancial companies
do _ _
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period.
mil $
Farm mortgage loans:
Federal land banks
do
Loans to cooperatives
.
do
Other loans and discounts
do
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted:
Total (233SMSA's)O
bil. $..
New York SMSA
_
do
Total 232 SMSA's (except N.Y.)
do
6 other leading SMSA'sl
do
226 other SMSA's...
...do
Federal Reserve banks, condition, end of period:
Assets, total 9
mil $
Reserve bank credit outstanding, total 9 ..do
Time loans
do
U.S. Government securities
do
Gold certificate account
do
Liabilities, total 9...
Deposits, total. ._
Member-bank reserve balances
Federal Reserve notes in circulation
18, 484
49, 144
36, 450
4,611
31, 839
12, 694
18, 727 18, 579 18, 730 18, 727 18, 108 17, 740 16, 930 16, 456
47, 739 ' 52,415 ' 50,827 «• 51,623 r 51,317 ' 48,765 ' 49,352 r 49,810
37,564 ' 37,683 T 36,563 ' 37,605 ' 38,710 '36,719 ' 37,281 ' 37,817
5,167
6,239
5,342
5,461
5,604
5,889
5,645
6,018
31, 325 r 32,516 ' 31,221 T 32,144 r 32,821 r 31,115 ' 31,263 r 32,172
10, 175 14, 372 14, 264 14,018 12, 607 12, 045 12, 075 11, 993
27, 384
31, 741 '28,332
28, 808
29, 214
29, 575
29, 951
30, 421
30, 837
31, 072
31, 354
31, 265
31, 741
32, 265
32,751
13, 864
3,575
9,925
16, 564 14, 326
3,821
3,979
11,198 ' 10. 184
14, 641
3,741
10, 426
14,917
3,650
10,646
15, 180
3,499
10, 895
15, 437
3,371
11, 143
15, 654
3, 520
11, 247
15,851
3,738
11,248
16, 044
3,847
11,181
16, 247
4,087
10, 200
16, 380
4,041
10,845
16, 564
3,979
11, 198
16, 746
4,356
11, 162
16, 930
4,546
11, 274
23,269.4
10,628.8
12,640.5
5, 125. 1
7,515.4
23,181.9 24,137.1 24,067.7
10,585.0 11,801.5 11,529.9
12,596.9 12,336.6 12,537.8
5,153.0 4,921.3 4, 937. 3
7,443.8 7,414.3 7,600.5
22,950.1 22,180.1 22,705.7 22,738.6 22,503.5 22,827.9
10, 918. 0 10, 241. 1 10, 810. 3 10, 826. 1 11,612.2 10, 709. 5
12,032.1 11,939.0 11,895.4 11,912.5 11,891.3 12,118.3
4, 992. 8 4, 899. 9 4, 770. 6 4, 852. 6 4,756.7 4,841.1
7,039.3 7,039.0 7,124.9 7,059.9 7,134.6 7,277.2
113,611
89, 013
299
80, 501
11,652
do
113,611
do
do
do
30, 649
25, 843
72, 259
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held, total..
mil $
Required
do
Excess
do
Borrowings from Federal R~eserve bank's. ..do
Free reserves
_
do
99, 149
211
87, 934
11,599
88, 856
77
81, 086
11,621
123, 997 112, 633
111,291 122,628 116,755 115,687 112, 587
89,465
60
81, 418
11, 620
98, 583
1,539
87, 846
11,620
93,780
24
85, 622
11, 620
92, 929
561
84, 749
11, 620
89, 562
177
81,883
11,620
'23,845.0 25, 528. 9
11,517.7 12,212.0
'12,327.3 13, 316. 9
'4,789.0 5,321.1
'7,538.3 7,995.5
r
122,130 p 124,016
113,672 120,344 119,844 118,432
123, 997 123,983
90, 516
231
82, 546
11, 598
99, 149 99,504 " 98,419
••52
66
211
87, 934 ' 89, 971 88, 990
11,599 11, 599 11,599
95,208
283
86, 998
11,599
96, 097
73
87, 184
11,599
95, 051
46
85, 137
11,599
99, 692
54
89, 753
11,599
111,291 122,628 116,755 115,687 112, 587
113,672 120,344 119,844 118,432 123,997
34, 780
26, 052
78, 770
32,838
28,644
70, 679
32, 525
27,139
70,871
41,234
32, 028
71,167
35,002
26,445
72, 280
32, 823
25, 976
73, 626
29, 470
25, 740
74, 207
29, 951
26, 484
74,653
34,928
25,913
74, 599
35, 550
26, 140
74, 891
32, 125
25, 971
76, 683
34, 780
26, 052
78, 770
38,326 rr gfi 172
27,306 24,585
76, 516 76, 648
i 36, 941 i 34, 989
i 36, 602 i 34, 727
*339
1262
1
1
703
127
1
-333
i 148
35,565
35,333
232
147
96
34,779
34, 513
266
106
153
35, 134
35, 014
120
110
17
34,492
34,493
-1
60
-52
34, 976
34, 428
548
271
278
34, 655
34, 687
-32
261
276
34,482
34,265
217
211
44
34,646
34,447
199
396
-136
34, 567
34,411
156
191
30
34, 571
34, 281
290
61
257
34, 989
34, 727
262
127
148
35,575 r 33 953 p 33.995
35,366
33, 526
209
r 14
469
58
76
79
419
139
' -51
104,320 112,124
103,742 ' 101,775 106,097
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.Deposits:
Demand, adjustedd 1
mil. $.. 109,981
Demand, total 9.-Individuals, partnerships, and corp
State and local governments
U.S. Government
Domestic commercial banks
123, 997 112,633
23,565.1
10,970.9
12,594.2
4,932.5
7,661.8
112, 124 101, 220 104, 863 102, 619
101,759 107,114 103,863 102,593 104,071 104, 146
123,983 r 122 130 p 124,016
36, 393
28, 148
77,686
do
do
do
do
.do
185,215
129,449
7,039
1,471
31, 807
184, 174 153, 243 162, 031 164, 368 161,170 169,097 158, 966 165,445 167, 744 159, 299 167,015 184,174 159,545 ' 157,115 171, 058
134, 245 112, 434 117, 808 115, 788 117,375 121,565 115, 875 120,411 119, 800 116, 182 121,317 132,245 116,670 ' 115,133 122, 733
6,043
6,714
6,967
6,418
5,970
5,947
6,172
6,198
6,413
6,496
5,808
6,967 ' 6, 061 ' 6, 220
5,860
1,440
1,386
1,425
859
1,281 4,905
1,049
1,243
1,330
1,070
1,247
2,425
1,386 ' 1, 995 ' 1, 898
29, 322 20, 674 22,434 23, 328 22, 513 24, 694 23, 360 24,635 25, 790 22, 104 24,163 29, 322 22,262 '21,251
26, 516
Time, total 9
.
do
Individuals, partnerships, and corp.:
Savings
do
Other time
do
228,045
227, 729 224, 440 226, 136 223,520 225,929 223,211 222, 475 222,765 225, 264 224, 960 225,877 227,729
225,352 223, 215
58, 485
122,201
68, 445 59, 694 62, 238 62, 396 64, 644 65, 483 65, 392 65,246 65,590 65, 928 ' 67,550 68,445
115,961 118,810 119,469 113,639 113,594 112,922 113 218 114,625 116, 184 115, 442 116,064 115,961
78, 319
72,459 75, 269
111,153 ' 107,629 108, 296
Loans (adjusted), totaltf
....do
Commercial and industrial
do
For purchasing or carrying securities
do
To nonbank financial institutions
do...
Real estate loans
do
Other loans
do
304,318
131,875
7,713
33, 076
60, 442
90, 388
285, 499 289, 393 288, 473 285,524 283,098 284,614
120, 661 125, 957 125, 960 125,349 122.801 122,326
5,597
8,933
6,097
6,350
6,816
7,326
27, 180 30, 180 29, 904 29, 549 29,409 29, 978
59, 530 59, 739 59,474 59, 385 59, 273 59, 209
87, 404 84, 298 86,254 81,851 82, 124 83,864
Investments, total
. .
U.S. Government securities, total
Notes and bonds..
Other securities..
do
do
do
do
86, 825 100, 345 85, 200 88, 743 88, 861
23, 931
40, 178 24, 095 27,855 28, 524
19,412
26, 464 20,004 23, Oil 23, 525
62. 894
60. 167 61. 105 60. 888 60. 337
Revised.
p Preliminary.
1 Average for Dec.
§ Insured unemployment (all programs) data include claims filed under extended duration provisions of regular State laws;
amounts paid under these programs are excluded from State benefits paid data.
AInsured
unemployment as % of average covered employment in a 12-month period.
9 Includes
data not shown separately.
cf For demand deposits, the term "adjusted" denotes demand
aeposits other than domestic commercial bank and U.S. Government, less cash items in
204-921 O - 76 - S3
89, 863
30, 163
24, 367
59. 700
92,200
32, 021
24, 935
60 179
225, 981
280, 762 279,313 281, 768 277, 957 282,104 285,499 275,908 '275,242 277, 356
120, 611 118,946 119,751 118, 190 119,300 120,661 117,000 ' 116,201 114,612
6,842
8,468
6,530
7,040
6,605
8.206
8,933 ' 6, 200 ' 7, 389
26, 488
29, 157 29,164 29, 022 27, 312 27,310 27, 180 25,995 '26,029
60, 530
59, 059 58,967 59, 282 59, 502 59,482 59, 530 59,749 ' 59,722
84, 794
80, 820 82,680 84, 254 82, 267 84,525 r 87,404 84,474 82,923
92, 547
32, 160
24, 764
fiO 387
94,303
34,288
25,239
fin m .=;
95, 624
35, 316
25, 243
fin sns
95, 413
35, 010
25, 988
fin -in*
98,269
37,859
26,580
fin din
100,345
40, 178
26, 464
fin ifi?
99,769 ' 99,239
40,456 40, 083
27,422 27, 643
*Q 313 r RQ IRfi
100, 563
41, 808
28, 778
58. 755
process of collection; for loans, exclusive of loans to and Federal funds transactions with
domestic commercial banks and after deduction of valuation reserves (individual loan items
are shown gross; i.e., before deduction of valuation reserves).
OTotal SMSA's include
some cities and counties not designated as SMSA's.
H Includes Boston, Philadelphia,
Chicago, Detroit, San Francisco-Oakland, and Los Angeles-Long Beach.
SURVEY OF CUEEENT BUSINESS
8-18
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
1974
1975
1975
Feb.
Annual
April 1976
Mar.
Apr.
May
June
July
1976
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
FINANCE—Continued
BANKING— Continued
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas, adj.rf
Total loans and investmentsO
-bil. $..
LoansQ
do
U S Government securities
do __
Other securities
do
s 687. 1
« 498. 2
48.8
140.1
717.2
494.7
77.9
144.6
692.6
498.9
53.2
140.5
11.28
11.12
11.83
i 8.65
8.37
8.91
9.94
9.61
10.31
8.16
7.88
8.37
8.22
8.00
8.43
8.29
7.99
8.53
7.54
7.14
7.93
11.27
11.01
11.07
11. 15
8.54
9.01
8.75
8.86
9.87
10.24
10.01
9.99
8.00
8.70
8.34
8.33
8.12
8.41
8.28
8.45
8.15
8.70
8.37
8.67
7.50
7.86
7.56
7.77
6.00
6.75
6.25
6.25
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
5.00
5.50
8.14
9.14
8.84
8.48
8.25
7.92
7.71
7.62
7 59
7 62
7.62
7 62
7 67
7.58
18.92
19.02
19.01
i 9.21
9.12
9.40
9.06
9.28
8.96
9.11
8.90
9.04
8.96
9.05
8.89
9.08
8.89
9.13
8.94
9.13
9.01
9.17
9.01
9.30
9.01
9.28
8.99
9.27
'8.93
'9.23
*8.93
*9.11
29.89
29.84
28.60
2 10. 98
26.29
2
6.32
26.15
2
8.02
6.35
6.33
6.24
9.02
6.22
6.06
6.00
8.09
6.15
6.15
5.97
7.66
5.76
5.82
5.74
7.42
5.70
5.79
5.53
7.15
6.40
6.44
6.01
7.30
6.74
6.70
6.39
7.84
6.83
6.86
6.53
8.06
6.28
6.48
6.43
8.22
5.79
5.91
5.79
7.76
5.72
5.97
5.86
7.64
5.08
5.27
5. IS
7.55
4.99
5.23
5.09
7.40
5.18
5.37
5.27
7.38
2 7. 886
27.81
2 5. 838
27.55
5.583
6.85
5.544
7.00
5.694
7.76
5.315
7.49
5.193
7.26
6.164
7.72
6.463
8.12
6.383
8.22
6.081
7.80
5.468
7.51
5.504
7.50
4.961
7.18
4.852
7.18
5.047
7.25
166, 170
42, 431
5,113
4,854
166, 833
46, 530
3,367
4,333
11, 044
3,312
208
249
12, 261
3,568
253
321
13, 592
3,747
285
341
13, 722
3,862
307
395
14, 411
4,285
314
442
14, 994
4,495
320
446
14, 675
4,166
301
416
14, 447
4,153
313
420
15, 029
4,430
305
406
14, 085
3,756
298
343
17, 246
3,926
240
332
13, 907
3,601
202
304
13,116
3,739
222
340
17, 098
4,228
19, 567
4,214
1,221
319
1,298
323
1,507
361
1,464
335
1,566
328
1,669
357
1,664
345
1,758
358
1,741
362
1,642
304
2,338
446
1,948
408
1,559
371
do
do
do
do
156, 346
42, 496
4,287
3,908
163, 113
45, 110
3,986
4,434
12, 195
3,380
307
334
13, 595
3,988
350
364
13, 765
3,852
342
385
13, 442
3,733
349
367
13, 538
3,810
333
377
13, 858
3,860
357
376
13, 329
3,709
330
360
13, 491
3,846
329
378
14, 359
3,996
353
404
13, 725
3,562
295
356
14, 628
3,776
337
393
14, 980
3,911
311
342
13, 768
3,539
318
349
do
do
15, 653
3,685
18, 769
4,128
1,399
319
1,559
375
1,486
355
1,469
365
1,493
338
1,596
333
1,492
317
1,603
325
1,705
354
1,591
316
1,761
384
1,876
380
1,722
370
12, 735
3,488
279
343
13, 168
3,477
271
320
12, 993
3,555
274
343
13, 620
3,753
270
379
14,322
4, 124
308
395
14, 427
4,032
293
363
14, 555
4,235
305
388
14, 832
4,189
279
392
14, 877
4,218
330
do
13, 244
3,881
256
305
15, 295
4,405
291
418
16, 205
4,511
288
459
15,824
4,378
282
429
do
do
1,522
349
1,514
1,554
1,517
1,606
1,618
OAR
1,689
1,737
1,698
1,752
OAQ
1,719
d.1 9
1,840
OQ7
1,931
do
do
do
...do
13, 117
3,623
330
360
13, 217
3,812
325
364
13, 409
3,746
331
377
13, 359
3,718
331
363
13, 412
3,751
13, 436
3,741
13, 790
3,818
13, 795
3,849
14, 002
3,800
14, 073
3,814
14,403
3,865
14, 910
4,023
14, 656
3,746
04 c
368
357
367
369
398
371
395
353
372
do
do
1,480
336
1,517
339
1,512
337
1, 508
1,504
1,548
1,576
1,631
1,619
1,723
1,768
OAQ
1,733
1,798
000
Money and Interest rates: §
Bank rates on short-term business loans:
In 35 centers
percent per annum
New York City
do
8 north central centers
do
8 southwest centers
do
Discount rate (N.Y.F.R. Bank), end of year or
month
percent..
Federal intermediate credit bank loans
do
Home mortgage rates (conventional 1st mortgages):
New home purchase (U.S. avg.)
percent..
Existing home purchase (U.S. avg.)
do
Open market rates, New York City:
Bankers' acceptances (prime, 90 days)
do
Commercial paper (prime, 4-6 months). .do
Finance co. paper placed directly, 3-6 mo.do
Stock Exchange call loans, going rate
do
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent.
3-5 year Issues _
do
7.75
1
8.82
1
697.0
498.3
58.5
140.2
699.1
495.0
64.0
140.1
702.0
492.8
68.2
141.0
705.0
489.9
72.4
142.7
706.4
489.6
73.4
143.4
710.4
490.7
75.6
144.1
711.6
490.4
77.1
144.1
715.0
494.1
75.1
145.8
721.3
498.0
76.3
147.0
717.2
494.7
77.9
144.6
720.5
495.4
80.2
144.9
725.2
496.2
84.4
144.6
730.5
498.9
88.3
143.3
5.50
CONSUMER CREDIT*
(Short- and Intermediate-term)
Installment credit extended and liquidated:
Unadjusted:
Extended total 9
mil. $
Automobile paper
do
Mobile home
do _ _
Home improvement
do
Revolving:
Bank credit card
do
Bank check credit
do
Liquidated total 9
Automobile paper
Mobile home
Home improvement
Revolving:
Bank credit card
Bank check credit
Seasonally adjusted:
Extended total 9
Automobile paper
do
do
Home improvement
Revolving:
Bank credit card
Bank check credit
Liquidated, total 9
Automobile paper
Mobile home
Home improvement
Revolving:
Bank credit card
Bank check credit
Total installment credit outstanding, end of year or
month 9
mil $
By credit type:
Automobile
do
Home improvement
Revolving:
Bank credit card
Bank check credit
do
...
do
do...
158, 101
Q«/1
V7A.
407
161,819 154, 639 153, 304 153, 131 153, 411 154, 283 155, 419 156, 765 157, 720 158, 390 159, 200 161,819 160, 745 160, 094
52, 209
12 542
8,398
53, 629
11 924
8,301
51, 373
12 362
8,196
50, 954
12, 266
8,153
50, 849
12, 208
8,108
50, 978
12, 166
8,136
8,281
2,797
9, 078
2,883
8,187
2,826
7,926
2,774
7,947
2,781
7,942
2,751
By holder:
75, 846 75, 710 74, 419 73, 407 73, 350
Commercial banks
do
38, 925 38, 932 38, 194 37, 910 37, 746
Finance companies
do. .
25, 354 22, 089 22, 227 22,415
Credit unions
do. . . 22, 116
18,328 16, 639 16, 288 16, 229
Retailers
do. . . 17, 933
3,472
3,391
3,298
3,495
3,281
Others
do-_.
r
p
Revised.
Preliminary.
3
i Average for year.
2 Daily
average.
Beginning Jan. 1973, data reflect changes in
4
sampling and weighing.
Beginning June 30, 1974, data revised to include one large mutual savings bank that merged with a nonmmember commercial bank. Total loans and investments were increased by about
$600 million of which $500 million were in loans and $100 million
5
in "other securities."
Beginning Aug. 28, 1974, loans sold outright to banks' affiliates reflect a new definition of the group of affiliates included, and a somewhat different group cf
reporting banks; total loans were $500 million less than they would have been on the old basis.
QCO
409
51, 453
12, 147
8,202
c
8, 015
2,741
52, 088
12, 109
8,272
52, 545
12, 081
8,329
53, 852
12, 065
8,372
53, 286
12, 017
8,374
53, 479
12, 021
8,361
53, 629
11, 924
8,301
53, 318
11,815
8,263
53,519
11,719
8,254
8,088
2, 765
8,259
2,793
8,414
2,826
8,450
2,834
8,500
2,822
9,078
2,883
9,150
2,911
8,987
2,912
74, 703
73, 345 73, 687 74, 232 74, 701 75, 024 75, 286 75, 174 75, 710 75, 342 75, 010
37, 711 37, 828 38, 177 38, 340 38, 375 38,411 38,642 38, 932 38, 737 38, 660
22, 674 23, 186 23, 507 24, 043 24, 510 24, 706 24, 934 25, 354 25, 250 25, 492
16, 238 16, 079 15, 963 16, 172 16, 232 16, 444 16, 860 18, 328 17, 771 17, 192
3 74.fi
3, 579
3, 543
3,509
3, 540
3,443
3, 503
O Adjusted to exclude interbank loans.
§ For bond yields, see p. S-21.
tBeginmng
Jan. 1959, monthly data have been revised to reflect new seasonal factors and adjustment to
bench marks for the latest call date (June 30, 1973). Revisions are in the Nov. 1973 Federal
Reserve Bulletin.
9 Includes data for items not shown separately.
t Data have been
revised back to 1971, noninstallment credit will no longer be available on a monthly basis.
"Personal loans" and "other consumer goods paper" have been combined to form an "all
other" category (not shown separately here). Earlier monthly data are available from the
c
Federal Reserve Board, Washington, D.C. 20551.
Corrected.
SURVEY OF CURRENT BUSINESS
April 1976
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
1974
1975
1975
Feb.
Annual
S-19
Apr.
Mar.
May
June
1976
Nov.
July
Aug.
20, 197
31, 249
11, 052
23, 584 28, 615 19, 316 21, 745 25, 995 25, 634
30, 634 29, 044 32, 425 29, 401 31, 792 30, 725
-7,050 -429 -13, 109 -7,656 -5, 797 -5,091
Sept.
Oct.
Dec.
Jan.
Feb.
Mar.
FINANCE—Continued
FEDERAL GOVERNMENT FINANCE
Budget receipts and outlays:
Receipts (net)
Outlays (net)
Budget surplus or deficit (— )
mil. $
do
do —
264,932
268,392
-3,460
280, 997 19, 975 20, 134
324, 601 26,200 27, 986
-43,604 -6, 225 -7, 852
31,451 12,793
29, 601 28, 186
1,850 -15,394
31,817
30,296
1,521
Budget financing total
Borrowing from the public
Reduction in cash balances
do
do
do
6,225
43, 604
7,852 -1,850
13,460
7,485
13,009 i 50, 853 4,535 11, 249
9,335
1451 - 7, 249 1,690 -3,397
Gross amount of debt outstanding
Held by the public
do
do
486,247
346,053
544, 131
396, 906
10, 747
69,049
20, 701
80, 298
27, 744
87, 783
39, 157
96,339
44, 131
96, 906
49, 157
04, 707
264,932
118,952
i 38, 620
280, 997
122, 386
1 40, 621
19, 975
7,747
778
20, 134
4,134
6,579
31,451 12,793
16,065 -1,630
5,093
1,174
31, 817
13,123
9,578
i 76, 780 i 86, 441
130,582 i 31, 549
8,979
2,471
6,870
2,552
8,126
2,168
10, 588
2,661
268,392 324, 601
i 9, 767 i 9, 725
177,625 i 85, 420
26,200
768
7,044
27, 986
829
7,300
29, 601
1,029
6,989
193,375 112,411
i 35, 993 i 141, 177
3, 267
13,252
113,337 i 16,575
9,217
2,739
283
1,581
9,728
2,921
315
1,402
10, 130
4,459
287
1,505
Budget receipts by source and outlays by agency:
Receipts (net) total
mil $
Corporation income taxes (net)
Social insurance taxes and
(net)
Other
do
contributions
mil $
do
Outlays total 9
do
Agriculture Department
do
Defense Department, military
do
Health, Education, and Welfare Department
mil. $..
Treasury Department
do
National Aeronautics and Space Adm
do
Veterans Administration
do
Receipts and expenditures (national Income and
product accounts basis), qtrly. totals seas. adl.
at annual rates:f
Federal Government receipts, totalf
bil. $..
Personal tax and nontax receipts
do
Indirect business tax and nontax accruals-do
15,394 -1,521 -11,052
567
7,800
8,556
6,838 -2,088 3,252
7,656 5, 797 5,091
7,820
5,936
8,215
1,720 -2,418 -2, 729
7,050
429
8,463
7,189
-139 -8, 034
13,109
11,743
1,366
58,637
11, 895
64,582
20, 358
72,930
32, 102
77, 726
38,037
87,553
46, 253
95,306
54,072
20, 197
9,615
1,367
23, 584
10,403
620
28,615
13, 609
6,013
19, 316
10, 653
873
21, 745
10, 354
673
25,995
11, 200
6,530
25,634
15,276
1,533
6,431
2,685
6,128
3,087
9,713
2,849
6,280 5,206
2,712 ' 2, 583
7,994
2,725
5,565
2,700
6,430
2,376
28, 186
890
7,627
30,296
1,161
7,216
31, 249
1,038
7,103
30,634
958
7,553
29, 044
1,201
6,877
32,425
1,119
7,911
29, 401
637
7,019
31, 792
1,404
7,458
30, 725
1,373
7,272
9,680
2,802
301
1,462
9,916
4,576
185
1,407
10, 150
4,289
368
1,364
10, 152
2,885
310
1,449
108 414
2,954
313
1,333
10,574
4,756
312
1,515
10, 502
3,200
325
1,623
10, 890
3,427
326
1,699
10, 781
4,249
260
1,627
r
302. 1
288.4
' 282. 3
283 6
250 1
293 3
131.4
45.9
21.7
89.4
125.6
'39.0
24.2
93.5
137.6
32 1
22 3
91 7
99.3
35 5
23.5
91 9
130.5
43 4
25.5
93 9
135.2
'45.0
25.4
96.4
"137.8
"22.7
" 102. 8
300.1
356.9
337.4
352.3
363.8
374.2
" 380. 2
Purchases of goods and services
do
111.7
77.4
123.2
84.0
119.4
81 4
119.2
82 1
124.2
84 9
129.9
87 4
"131.2
"87.0
Transfer payments
uranis n a a 10 otaie ano local govis
do
ao
117.7
43.9
21.0
149.2
54.3
23.4
' 139. 2
50 1
22 4
150.5
52 8
22 6
152.5
56 8
23.4
154.5
57.4
25.3
" 160. 1
"57.8
"26.0
5.2
6.8
6 3
7.1
6.9
7.0
"5.1
-.5
.0
Q
o
0
.0
.0
537
-102.2
Federal Government expenditures, totalf.-do
Subsidies less current surplus of government
enterprises
bil $
Less: Wage accruals less disbursements— do
'72.1
-11.7
-74.5
263. 35
11.96
118. 57
86.23
79.91
289. 08
14.58
135. 01
89.36
82.60
269.38
12.23
123.64
86.96
80.55
271.64
12.36
124.93
87.25
80.77
273. 52
12.37
126. 26
87.64
81.13
275. 82
12.46
127. 85
87.88
81.34
278. 34
12.56
129. 84
88.04
81.46
279. 35
12.81
130. 30
88.16
81.57
280. 48
13.02
130. 66
88.33
81.71
281. 85
13.15
131. 52
88.45
81.80
284.83
13.79
133. 24
88.66
81.98
286. 98
14.13
134. 50
88.85
82.16
289. 08
14.58
135. 01
89.36
82.60
293. 87
15.38
138.96
89.40
82.65
8.33
22.86
2.00
13.39
9.63
24.39
1.90
14.21
8.50
23.18
1.51
13.33
8.67
23.39
1.69
13.44
8.78
23.33
1.48
13.53
8.84
23.57
1.50
13.71
8.99
23.68
1.49
13.75
9.06
23.79
1.40
13.83
9.11
23.92
1.46
13.99
9.01
24.05
1.49
13.98
9.36
24.17
1.46
14.16
9.46
24.27
1.45
14.32
9.63
24.39
1.90
14.21
9.66
24.50
1.42
14.55
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance):
Value estimated total
mil $ 2 r 297,051 3 «• 288,857 '20,226 ' 24, 021 '23,417 ' 24, 457 '23,767 ' 22, 237 3 '23, 802 '23,988 ' 24, 949 '23,316 '35,317
Ordinary (incl. mass-marketed ord.) d o . _ _ 181,276 185,779 13, 376 14, 937 15, 923 15, 384 15, 707 15, 396 14, 935 15, 573 17, 242 15, 461 18, 788
6,928 8,410
2 109,095 3 96, 349 6,369 8,516
7,476 6,279 3 8, 264 7,907 7,121 7,273 16, 025
Group
do
504
562
586
582
566
6,680
603
508
663
584
6,729
521
Industriaf
do
568
23, 258
14, 008
8,758
492
-70.5
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life Insurance cos
Government securities
Corporate securities
Mortgage loans total
Nonfarm
Real estate
Policy loans and premium notes
Cash
Other assets
bil. $.
do
do
do
do
do
do
do
do
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of period).. .mil. $.
Net release from earmark§
do
Exports
thous $
Imports
do
Production:^
South Africa
Canada
mil $
do
11, 652
11, 599 11,621
19
230
93
228, 480 '458,853 66, 157
396, 679 456, 638 ' 17, 796
1,038.3
70.9
960.9
68.7
76.4
5.6
11, 620
0
36,518
3,975
11, 620
0
67, 117
27, 714
11,620
0
20, 753
16, 562
11, 620
15
38, 627
18, 359
11,618
0
27, 117
18, 152
11, 599
0
54, 603
12, 916
11,599
8
10, 883
44, 954
11,599
44
16, 370
22, 266
11,599
6
12, 193
24, 409
11, 599
0
22, 469
26, 895
78.5
5.4
80.6
5.9
79.4
6.6
81.9
5.1
82.8
6.1
82.8
5.3
84.4
6.3
81.5
6.2
82.3
5.0
72.6
5.7
11,954
31, 440
4.538
5,029
28, 368
4.489
37, 820
22, 148
4.704
9,465
25, 222
4.925
4,975
27, 980
4. 516
4,792
33, 014
4.329
Silver:
9,965 23,644 11, 173
81,651 132, 626
Exports
thous $
501,521 320, 556 26, 122 36, 172 28, 586
Imports
do
4.370
4.332 4.209
4,419
Price at New York _
_ . _ _ dol. per fine oz
4.708
Production:
3,132
2,912
3,834
United States
..thous. fine oz
52, 583 36, 627
' Revised.
" Preliminary.
i Data shown in 1974 and 1975 anmual coluinns are for
fiscal years ending
June 30 of the respective years they inc lude revis ions not distribui ed
2
to months.
Includes $907 mil. Vets group life ins.
s Incl udes$l,69 4mil.Ve ts group 1ife
11, 599
76
9,943
17, 769
3,813 2,942
5,161
18, 289 31,116 27, 967
4.332 ' 4. 085 4.063
11,599
3
4.086
4.189
2,864
3,832
3,482
6,716
1,084
2,523 2,132
1,926
3,193
3,010
tData have bee n revisec back to
ins.
9Incl udes dat a for itenis not sh own sep£irately,
§0r increase n earmai ked gold
1946 (see table 3.2inth e Jan. 19 re SURVE y for earl ier data) .
IValue d at $ J8 per fine ourice frona Jan. 1972-Sep t. 1973; at $42.2 2 thereafter
SURVEY OF CURRENT BUSINESS
S-20
1975
1974
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
Annual
April 1976
1975
Feb.
Mar.
Apr.
May
June
July
1976
Sept.
Aug.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
FINANCE—Continued
MONETARY STATISTICS— Continued
bil. $_
79.7
86.5
76 8
78 1
Money supply and related data (avg. of daily fig.) :©
Unadjusted for seasonal variation:
Total money supply
bil. $
Currency outside banks
do
Demand deposits
.-do
Time deposits adjusted!
do
U S Government demand deposits^
do
277.8
64.9
212.8
397.0
5.6
289.6
71.0
218.5
436.0
3.7
278 5
67 8
210 6
425 9
33
281 4
68 8
212 6
429 4
38
286
69
217
430
4
281
68
213
428
9
7
2
3
284 1
69 4
214 7
428 7
284
69
215
430
133 1
343 2
85 5
126 2
69 6
124 8
320 4
81 9
117 0
67 8
Currency in circulation (end of period)
Adjusted for seasonal variation:
Total monev supply
Currency outside banks
Demand deposits
Time deposits adjusted!
do
do
.-do
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
Total (°3S SMSA's) O ratio of debits to deposits
New York SMSA
do
Total 232 SMSA's (except N.Y.)
do
0 other leading SMSA'sc?1
do
226 other SMSA's
do
120
290
81
123
65
1
9
9
6
8
79.8
81.2
81.5
81.9
81.7
82.3
84.5
86.5
83.2
5
1
4
4
0
282 9
70 0
212 9
433 2
4 1
290 3
71.2
219.1
435 5
4.2
292.1
71.9
220.3
436.9
3.4
290.0
72.1
217.8
438.4
2.7
291.7
71.9
219.9
440.5
3.9
292 4
72 5
219.9
444 4
3.4
297.6
73.9
223.6
444.9
3.5
303.4
75.0
228.4
448.4
4.2
301.2
73.7
227.6
451.3
3.8
9
5
4
1
287
70
217
431
6
2
4
2
291
71
220
435
0
0
0
5
291.9
71 3
220.6
r
437. 6
293.2
71 9
221.3
436 2
293.6
72 0
221.6
438 3
293
72
220
443
295
73
222
447
295
73
221
451
295 3 r 296. 8
74 9
75 0
991 2 r 221. 8
452.9 r 455 5
127 5
330 3
81 8
114 3
68 8
128
3339
8
120
68
9
9
8
1
2
124
328
80
114
66
4
6
0
2
7
126 2
331 0
81.6
115 7
68 2
130 4
335 0
86.2
124 4
71.2
128 8
330 7
85.1
123 8
70.0
134 0
364 0
83 5
118 7
69 8
78 4
4
6
8
2
7
4
3
6
134 0
360 8
84 9
119 5
71 5
0
7
3
2
131 0
351 8
84 7
118 4
71 6
T
132 4
366.0
82. 9
r
115 4
r
70. 3
r
83.8
r
293. 2 ^295 6
74.0
75 1
220.5
r 453. 7
457 7
4.6
40
r 219. 2
P
298 4
75 7
229 8
456 4
140 9
375 4
89 6
128 0
74 6
PROFITS AND DIVIDENDS (QTRLY.)§
Manufacturing corps. (Fed. Trade Comm.):
Net profit after taxes, all industries
mil. $_
Food and kindred products
do
Textile mill products
do .
Lumber and wood products (except furniture)
mil. $
Paper and allied products
..do
Chemicals and allied products
do
58 747
4 601
780
48, 990
5,154
433
9 285
920
—66
12 455
1 315
42
13, 208
1,561
195
14, 042
1 358
262
2 287
7,175
1,801
6,570
374
1 487
429
1,721
451
1,707
547
1,655
Petroleum and coal products
do
2 14,483
Stone, clay, and glass products
do
1,204
Primary nonferrous metal
_-do__ .
2,035
Primary iron and steel_
_
_ ..do
3,149
Fabricated metal products (except ordnance,
machinery, and transport, equip.)
mil. $
2 837
9,380
845
716
2,171
1 859
— 11
265
732
2 197
274
204
504
2,523
447
113
425
2 801
135
134
510
2,523
490
694
713
626
Machinery (except electrical)
do
Elec. machinery , equip. , and supplies
do
Transportation equipment (except motor
vehicles, etc.)
mil $
Motor vehicles and equipment _
do
All other manufacturing industries
do
5,648
2, 940
6,344
2 515
1 417
537
1,641
637
1,553
578
1,733
763
1 1?7
1,957
8 524
1 019
1 737
7 587
18
96
1 167
r
374
r
565
1 856
••344
380
2,217
283
888
2 347
do
19, 467
19 995
4 904
5 114
4,668
5 309
mil. $
3 40, 009
do
31,496
do
do
4 000
2,254
7 425
3,455
mil. $.
do
_ do_ _
do
37, 842
10 026
980
12 831
52 603
18 743
l' 631
15 881
do
do _
do
1 014
3 934
6,850
Dividends paid (cash) , all industries.-
r
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total __ .
By type of securityBonds and notes, Corporate
4 957
5 497
4 477
5,979
5 755
4 542
41, 723 r 3 857
4,436
3 154
4,164
4,401
3 650
449
173
644
253
751
'349
1 154
346
775
230
4 474
1 675
59
1 957
5 322
2 479
72
1 507
4 417
1 722
209
1 408
5,512
2 479
159
1 548
2 643
4 464
6,801
23
124
571
38
317
637
59
563
163
22 824
29 041
29 326
28 973
2 329
2 270
2 038
2 832
i1 4, 836
3 980
'856
5 540
5,099
4 269
830
5,164
4 390
844
56 130
4 609 r 4 768
2 364
2 845
1,818
r i 776
459
198
434
129
528
308
5 380
2 303
'l32
1 479
4 126
1 137
292
1 032
2 364
701
77
1 024
2 597
624
39
1 261
281
413
409
186
362
643
254
269
1,071
o
113
323
32
296
289
518
928
450
9 263
3* 094
2 532
3 801
3 001
2*699
3 434 r 2 690
1 377
1 691
2 112
2 427
5,327
4 503
824
5,666
4 847
819
5 140
844
5 446
"'820
5 365
832
5 399
1
411
515
505
475
480
1, 424
1,770
1.525
1, 790
1,610
r
Revised.
P Preliminary.
1 End of year.
2 Prior to fourth quarter 1973,
for petro3
leum refining only; data are not comparable with those for earlier periods.
Beginning
Jan. 1974, does not include noncorporate bonds and notes formerly included.
©Effective
February 1976 SURVEY, data revised to refect: Annual review of seasonal factors; regular
benchirark adjustment; effect of changes in check collection procedures (Regulation J);
and adjustments to include new figures from internationally oriented banking institutions.
Monthly revisions back to 1970 are in the Feb. 1976 Federal Reserve Bulletin.
liAt all commercial banks.
520
1,705
590
1,790
555
1,710
515
1,500
Common stock
Preferred stock
_ _
_
By type of issuer:
Corporate, total 9
Manufacturing
Extractive (mining)
Public utility
-
Transportation
Communication
_ __
Financial and real estate
Noncorporate, total 9
U.S. Government
State and municipal
_ __
...
r
r
3, 056
r
3 261
1 215
'332
4 393
3 421
343
440
335
462
4 512 r 4 044
901 r I 115
r 54
80
1 238 1 268
4 218
1 394
249
900
957
r 55
500
269
231
761
2 276
2 623
9 33g
2 066
2 154
1 828
2 389 r 9 638
936 r 1 488
5 448
5 ^19
5 540
5 56§
r
do
do
do
State and municipal issues (Bond Buyer):
Long-term
do
Short-term.. . .
do
3 177
2 420
SECURITY MARKETS
Stock Market Customer Financing
Margin credit at brokers and banks, end of month,
total
mil. $~
At brokers _
do
At banksdo
Other security credit at banks
do ._
Free credit balances at brokers:
Margin accounts..
do
Cash accounts
do
1
470
655
545
490
475
1,455
1.975
1.495
1.470
1.525
OTotal SMSA's include some cities and counties not designated as SMSA's.
^Includes Boston, Philadelphia Chicago, Detroit, San Francisco-Oakland and Los
Angeles-Long Beach.
§ Beginning fourth quarter 1973, because of changes in method of
consolidation (to minimize the effect of foreign operations of multinational enterprises), data
are not comparable with those for earlier periods. The effect of the change can be assessed by
comparing the data as originally published for the fourth quarter 1973 (June 1974 SURVEY)
with the revised data.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
April 1976
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1974
S-21
1975
1975
Annual
Mar.
Feb.
Apr.
May
June
1976
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
FINANCE—Continued
SECURITY MARKETS— Continued
Bonds
Prices:
Standard & Poor's Corporation:
High grade corporate:
Composited 1
-- -_dol. per $100 bond
Domestic municipal (15 bonds)
do
58.8
76.1
56.2
68.9
56.6
74.1
56 2
70.9
55 8
69.4
56 6
69 6
56 7
69 8
56 6
68 5
55 6
68 3
55 8
66 0
56 0
66 0
56.3
66.2
56 1
67.4
57.0
69.7
57.1
68.8
57.3
69.2
57.45
57.44
60.27
59.33
57.05
57.40
58.33
58.09
56.84
55.23
55.23
55.77
56.03
55.75
57.88
58.23
6,456.77 r ' 9 336 01841 10 728 19
8,120.18 !0,695.16 1 013 36 875 22
790 03
891 57
753 75
892 55
810 14
919 28
808 39
938 49
634 83
709 89
613 63 962 53 757 15
685 94 1 014 65 834 21
880 39
986 20
(i)
6, 193. 81 9, 070. 20
7, 740. 56 10,302.08
813 00
967 30
706 78
840 85
768 79
858 08
728 55
855 32
783 46
883 08
784 10
904 23
621 81
690 36
600 41
665 98
934 93
982 14
741 19
812 29
856 23
949 84
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $ 4, 052. 12 5, 178. 34
482 88
454 22
473 81
449 34
487 41
478 39
343 37
340 74
416 62
341 97
419 45
570 68
504 74
491.60
9.33
9.28
9.49
9.55
9.51
9.55
9.51
9.44
9.45
9.33
U.S. Treasury bonds, taxable^
do
Sales:
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
Market value
mil $
Face value .
do
New York Stock Exchange:
Market value..
Face value
Yields:
Domestic corporate (Moody's)
By rating:
Aaa
Aa _ _
A
Baa
do
do
percent..
8.98
9.46
do
do
do
do
8.57
8.67
9.16
9.50
8 83
8 97
9.65
10 39
do
do
do
8.78
9 27
8.98
9 25
9 88
9 39
9 01
q gg
9 32
9 05
9 967
9 5
9 30
9 88
9 39
9 37
9 93
9 49
9 29
9 81
9 40
9
9 26
R1
9 07
9 29
9 93
9 41
Domestic municipal:
Bond Buyer (20 bonds^_ _. _. .
Standard & Poor's Corp. (15 bonds)
do
do
6.26
6.09
7.08
6.89
6 55
6.30
6 93
6.61
6 95
e!s3
7 09
6.81
6 96
6.76
7 09
6.94
7 18
7.02
U.S. Treasury bonds, taxable©
do
6.99
6.98
6 61
6 73
7 03
6 99
6 86
6 89
7 06
10.63
11.82
4.83
4.27
8.09
13.25
10.52
11.47
10. 52
11.48
10 49
11.43
10 42
11.34
10 49
11.52
10 47
1L51
10 47
11.49
4.58
8 30
13.56
4.58
8.50
13.56
4.58
8 50
13 56
4.46
8 50
13 56
4.42
8 50
13 56
4.14
8 50
13 56
4.14
8 50
13 56
220. 35
270. 42
48.26
77.16
220. 27
267. 46
49.13
81 64
224. 15
275. 47
47.80
79.22
234. 59
290 62
46.99
82 55
244. 75
304. 66
49. 62
80 80
4.82
4.37
10.01
5.53
4.01
5.14
4.78
4 29
10.10
5.61
4.15
5.20
4. 69
4.17
10.38
5.78
4.34
5.03
4 47
3 93
10.56
5 55
3.99
4 94
4.26
3 72
10.00
5.52
3.96
4.35
By group:
Industrials
Public utilities
Railroads
8
8
9
10
62
81
47
43
8
8
9
10
67
80
33
29
8
q
9
10
95
02
63
34
8
9
9
10
90
04
79
46
9.45
8
8
9
10
77
94
67
40
9.43
8
8
9
10
84
94
63
33
8
9
9
10
95
03
70
35
QC
8
9 10
9 74
i n ^s
8
9
9
10
86
06
74
37
8
8
9
10
78
97
67
33
8
8
9
10
79
99
68
35
8
8
9
10
60
90
57
24
9.23
8
8
9
10
55
80
47
10
9.18
8
8
9
9
52
76
42
99
9 40
9 27
9 83
9 36
9 26
9 87
9 37
9 16
9 68
9 32
9 12
9 50
9 25
9 10
9 43
9 16
7 an
7.23
7 36
7.22
7 39
7^21
7 29
7.06
6 85
6.80
6 98
6.91
6.69
6.86
7 9Q
7 29
7 21
7 17
6 94
6.92
6.87
8 58
8 50
8 46
8 16
8 00
8.07
28
34
17
80
297. 84
971.70
89.27
203. 17
301.60
988.55
86.88
207. 80
9
0r
9 32
9
QX
Stocks
Dividend rates, prices, yields, and earnings, common stocks (Moody's):
Dividends per share, annual rate, composite
dollars.
Industrials
do
Public utilities
do
Railroads
_.
do
N.Y. banks
do
Property and casualty insurance cos
do
Price per share, end of mo. , composite...
Industrials..
Public utilities..
Railroads
yields, composite
.
Industrials
Public utilities
Railroads
_
N.Y. banks
.
Property and casualty Insurance cos
do
do
do
do
percent
. do
do
do
do
do
Earnings per share (indust., qtrly. at ann. rate;
pub. utll. and RR., for 12 mo. ending each qtr.) :
Industrials
dollars
Public utilities
do
Railroads
do
Dividend yields, preferred stocks, 10 high-grade
(Standard & Poor's Corp.)
percent
Prices:
Dow-Jones averages (65 stocks). _ ..
Industrial (30 stocks) . _
Public utility (15 stocks)
Transportation (20 stocks).
Industrial, total (425 stocks) 9
Capital goods (110 stocks)
Consumers' goods (184 stocks)
Public utility (60 stocks)
Railroad (15 stocks)
Banks:
New York City (9 stocks)
Outside New York City (16 stocks)
8.24
237. 33
759. 37
75.84
164. 05
Standard & Poor's Corporation:^
Industrial, public u t i l i t y , and railroad:
Combined index (500 stocks)
1941-43=10..
do
do
do.._
do
do
.do
do
18.84
7.70
8.80
27.69
7.63
9.81
8 36
247
802
79
163
25
49
81
39
8 07
231
724
81
159
85
89
02
91
8.04
240
765
78
169
22
67
06
96
4 18
3 68
9.01
5 33
3'. 67
4 20
234
291
51
76
44
42
58
11
4 47
3 95
9.64
5 44
4.06
4 63
230
288
51
74
57
52
33
34
(1}
4 47
3 98
9.68
5 57
4.36
4 83
(l\
22 91
7 80
• 7 45
(1)
8 27
8 51
8 34
8 24
18
06
90
28
244. 32
790 93
75.77
166 35
254. 71
836 51
77.29
169. 69
259 00
845 - 70
83 87
168 40
260 30
856 98
82 68
167 98
8 41
246
815
77
156
8 56
22
51
92
32
9
46 O9
818 989
77 3
155 11
253
831
80
164
38
26
99
17
259
845
82
170
28
51
94
59
256
840
81
166
42
80
60
84
285
999
89
190
82.84
86.16
80.10
83.78
84.72
90.10
92.40
92.49
85.71
84.67
88.57
90.07
88.70
96.86
100. 64
101.08
92.91
92.84
78.08
38. 91
37.29
96.56
94.63
81.18
41.17
37.48
89.29
88.50
75.06
40.37
37.80
93.90
92. 78
80.42
39. 55
38.35
95.27
96.76
80.75
38.19
38.55
101.56
101. 96
85.15
39.69
38.90
103. 68
101. 15
85 98
43.67
38.94
103. 84
101.15
86 58
43.67
38.04
96.21
93.05
78.29
40.61
35.13
94.96
93.61
77 25
40.53
34.93
99.29
95.77
83 07
42.59
36.92
100. 86
97.35
88.01
43.77
37.81
99.31
96.41
85.66
43. 25
37.07
108. 45
108. 41
91.03
46.99
41.42
112.96
116. 68
93.47
47.22
43.40
113.73
117.30
94.64
45.67
44.54
54.16
83.89
51 48
80.52
53.46
76.33
52.58
76.76
54. 75
79.64
57.17
83.76
57 77
87.19
58 13
90.44
51 33
83.01
46 72
78.64
44 84
79.21
45 56
80.01
44.87
77.73
48.69
85.40
52.23
93.38
52.34
95.56
97.83 100.69
93.75
96.72
94.63
85.19
79.71 88.23
92.70
95.98
assumed 3 percent 20-year bond.
O For bonds due or callable in 10 years or more.
9 Includes data not shown separately.
100. 97
Property-liability insurance (16 stocks)_.do
84.76
86.29
84.98
84.15
88.72
'Revised.
P Preliminary.
• Estimate.
i Series discontinued by Source,
d* Number of issues represents number currently used; the change in number does not
affect continuity of the series. fl Prices are derived from average yields on basis of an
251
312
55
82
m
SUKVEY OF CUERENT BUSINESS
S-22
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
1974
| 1975
Annual
April 1976
1975
Feb.
Mar.
Apr.
May
June
July
1976
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
46.78
51. 89
31.61
32.75
43.86
51.31
57. 00
35. 78
35.23
48.83
53. 73
59 79
38.53
36.12
52.06
r 10,937 r 12,694
r404
'515
18, 140
679
Mar.
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Prices— Continued
New York Stock Exchange common stock indexes:
Composite
- 12/31/65 =50_.
Industrial
do
Transportation
do
Utility
- do
Finance
do
43.84
48.08
31.89
29.79
49.67
45.73
50.52
31.10
31.50
47.14
Sales:
Total on all registered exchanges (SEC):
Market value
mil. $- r 118,434 r 156,957 r 14,240
'612
Shares sold
_-,millions.- ' 4, 846 r 6, 229
On Neu- York Stock Exchange:
99, 178 133,684 12, 185
Market value
mil. $
501
5,051
Shares sold (cleared or settled)
millions. . 3,822
New York Stock Exchange:
Exclusive of odd-lot and stopped stock sales
424
4,693
(sales effected)
millions. . 3,518
Shares listed, N.Y. Stock Exchange, end of period:
Market value all listed shares
bil. $.. 511. 06
Number of shares listed
.
. . . millions. . 21, 737
685. 11
22, 478
44. 35
48.63
31.62
31.04
47.83
42.48
46.00
30.21
31.31
47.59
f
610. 01
21,795
44.91
49.74
31.70
30.01
47.35
47.76
53.22
32.28
31.02
50.06
49.22
54. 61
32.38
32.79
52.20
49.54
54.96
32. 90
32.98
52.51
13,890 r 14,585 r 16,095 >• 14,710 ' 15,970
-•621
"•588
'565
45. 71
50 71
30.08
31.02
46.55
44.97
50.05
29.46
30.65
43.38
46.87
52.26
30. 79
31.87
44.36
r 11,193
r 9, 635
'356
r 13,144
406
M70
47.64
52.91
32.09
32.99
45.10
11,767
473
12, 423
461
13, 602
499
12, 627
479
13, 504
494
9,513
327
8, 172
287
11,344
389
9,495
335
10,881
417
15, 708
563
454
447
458
447
442
281
275
366
319
349
636
596
531
626. 61
21, 822
654. 66
21, 899
687. 94
21,938
723. 00
22, 016
678. 07
22, 094
660. 95
22, 143
636. 87
22, 193
672. 11
22, 245
692. 22
22, 382
685. 11
22, 478
771. 39
22,551
769. 47
22,592
791. 85
22, 700
FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
mil. $._ 98,507.2
107,651.8 8,543.8
9,441.9
9,078.6
8,951.6
8,691.0 8,264.2
8,455.6
8,416.8
,749.7 9, 526. 7 9, 328. 7
, 769. 8
, 742. 4
do
do
97,908.1
107,190.6 8,498.1
8,754.6
9,413.0
8,685.2
9,016.9
8,647.6
8,900.6
8,221.5
8,630.7
8,716.1
8,234.8
8,893.8
8,445.8
8,979.2
8,391.2
9,145.7
, 718. 1 9,513.7 9,303.5
9,224.6 J, 409. 3 9,249.9
, 760. 2
, 103. 4
, 737. 6
, 800. 1
do
do _ _
do
do
3, 659. 4 4, 949. 2
25,784.5 28, 259. 5
2, 696. 8 2, 338. 6
30,069.6 2, 726. 5
368.4
, 182. 7
194.4
, 857. 1
470.7
, 378. 5
182.9
, C92. 5
396.6
, 260. 6
175.6
, 685. 7
423.2
449.5
,317.9 2, 435. 0
211.3
191. 6
, 573. 7 2. 269. 7
427.1
424.4
382.5
444.4
406.8
347.2
, 300. 1 , 388. 6 2 287.9 2, 369. 8 2, 388. 2 2, 385. 2
172.7
206.6
197.9
213.6
236.1
192 8
, 327. 1 2, 454. 7 2 400 2 2 985.5 3, 053. 8 2, 969. 4
331.6
, 409. 3
192.9
, 804. 7
do
do
do
19,941.7 21,767.4
7, 947. 7 8, 290. 4
7 856.0 8, 815. 3
, 623. 6
633.5
685.6
, 819. 2
713.7
799.0
, 979. 5
725.5
789.3
968.0
720.7
674.0
, 891. 7
665.0
786.3
, 625. 0
679.1
704.3
, 620. 2
680.4
719.9
, 675. 7
573.9
680.7
By leading countries:
Africa:
Egypt
-......
Republic of South Africa
do .
do
455.2
1, 159. 9
682.7
1,302.4
64.8
92.9
78.9
126.9
52.5
95.7
82.0
104.8
47.8
108.6
78.0
119.3
44.0
102.8
35.1
90.4
43.0
117.9
48.7
110.0
48.8
119.6
61.3
96.6
Asia; Australia and Oceania:
Australia including New Guinea
India
Pakistan
Malaysia
_
- .-
do
do
do_ .
do_ _
2 172.3
759.8
396.4
377.3
1,834.0
1, 289. 7
372.0
395.3
137.0
91.7
25 9
26.7
143.6
81.0
16.6
25.5
143.6
86.9
49.9
29.1
175.4
97.5
29.5
27.0
156.0
122.3
38.9
31.1
134.2
109.5
21.3
31.0
159.7
119.7
32.8
42.9
153.6
116.0
22.0
57.4
151. 7
102.1
28 2
36.2
184.7
91.6
33.2
29.4
166.3
127.6
29.8
30.7
154.4
123.5
28.1
29.8
do
do
do. _
530.5
746.7
10,678.5
810.1
831.5
9, 565. 4
37.8
64.5
833.6
76.2
72.6
827.4
77.8
57.5
757.5
92.7
64.5
785.8
78.0
71.7
783.9
78.7
74.7
773.6
62.0
67.2
793.2
55.8
72.3
724.9
61.4
67.9
752.9
58.5
70.0
844.1
64.8
78.4
729.9
91.2
57.6
841.4
3, 030. 7
280.8
315.8
274.2
259.1
228. 7
223.3
213.4
214.5
251.5
240.0
273.7
254.2
17.3
.3
.3
1.1
1.2
.7
3. 3
.4
.8
5.5
1.6
.6
.5
5, 194. 1
411.7
494.9
429.8
410.4
347.7
355.9
387.9
389.5
436.5
477.3
534.5
504.1
2, 866. 9
1,835.5
4, 524. 9
291.2
93.8
429.4
284.1
87.0
462.5
230.6
77.9
368.5
257.8
92.7
357.2
2^1 4
76 6
330.1
228.3
120.6
360.7
255.1
151.1
325.8
194.6
147.6
341.0
220.3
305. 1
359.6
231.0
353.9
367.7
207.9
233.8
348.9
264.8
234.2
346.0
Exports (mdse.), Jncl. reexports, totald"
Excl Dept of Defense shipments
Seasonally adjusted
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
Northern North America
Southern North America
South America
- -
_
Indonesia
Philippines
Japan
.
Europe:
2,941.5
France
do
German Democratic Republic (formerly E .
21.9
Germany)
mil $
Federal Republic of Germany (formerly W.
Germany)
mil. $__ 4, 984. 6
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
Latin American Republics total 9
Argentina
Bra/il
Chile
Colombia
M^exico
Venezuela
.
Exports of U.S. merchandise, totalcf
Excluding military grant-aid
Agricultural products total
Nonagricultural products, total
848 6 2 084. 7 1, 917. 5 1,830.4
738.2
722.5
750.3
621 6
755.9
815.9
695.5
664 0
do
do
do
2,751.6
608.8
4, 573. 5
do
19 936.0 21,758.9 1 623.4 1, 819. 0 1, 979. 4 1 964.7 1, 889. 2 1, 624. 7 1, 620. 0 1, 848. 5 2 084. 3 1 , 917. 2 1,830.4 1, 675. 3
do
do
do
do
do
do
do
14 500.9 15, 670. 0 1,201.5 1, 382. 7 1, 382. 4 1 277.3 1,344.6 1, 266. 1 1,285.1 1 185.2 1,412.5 1,318.1 1, 380. 2 1,238.1
29.4
71.5
29.0
36.4
66.4
41.2
37.3
596.6
39.9
628.3
76.1
50.7
42.4
62.1
270.7
265.0
255.3
270.1
265. 5
264.6
222. 9
269.3
299. 9
3, 088. 0 3, 056. 2
205. 2
291.3
243.8
36.6
40.8
45.4
26.2
49.5
452.2
533.4
49.3
57.7
49.1
41.8
40 6
43.9
28.9
39.8
58.0
60.5
60.4
55.3
40.7
659.2
642.9
50.5
54.5
60 9
54.6
45.2
41.6
412.6
483.2
419.2
431.6
450.5
448.5
451.4
433.8
464.0
417.2
4, 855. 3 5, 143. 6
389.2
385.1
192.8
193.3
177.3
175.0
198.7
206.2
1, 767. 7 2,243.3
181.9
189-7
172.4
193.3
191.0
181.4
do._. 97, 144. 2
__ -do . 96, 545. 0
21 998.9
do
75,145.2
do
106,156.7
105,695.6
21,889.2
84, 267. 6
By commodity groups and principal commodities:
Food and live animals 9
mil. $. 13,985.8
380. 7
Meats and preparations (incl. poultry) - . d o _ _ _
10 330 9 11 643 1
1 247 4
g
1 309 8
8,413.0
8,367.3
1 990 3
6 494. 3
r
9,299.0
9,270.1
1,911 1
7, 413. 1
8,950.1
8,888.4
1 757 6
7 188.2
8,836.1
8,785. 1
1 496.4
7 340.9
8, 551. 1
8, 490. 8
1 389 7
7,161.4
1,338.3 1, 276. 6 1, 219. 6 1, 028. 4 1,060. 3
39. 9
32. 6
43. 3
711 0
1 047 o 976 6
884 2
743 8
r
86 3
190 1
101 6
98 1
79 8
8,157.8 8,362.0 8,297.2
8,128.5 8,352.1 8,271.6
1, 532. 4 1,600.7 1, 609. 9
6, 626. 6 6, 786. 2 6, 692. 8
1, 182. 6
809 0
876 7
71 5
104 7
1 f)AA *).
AC 7
do..do__.
3, 537. 4
1,475. 0
273. 7
236. 0
122. 4
cf Data may not equal the sum of the geographic regions, or commodity groups and principal
commodities, because of revisions to the totals not reflected in the component items; these
revisions will be shown later in biennial editions of BUSINESS STATISTICS. Also, beginning
1973, the totals reflect relatively small amounts of trade with unidentified countries, not shown
separately.
9 Includes data not shown separately.
8, 668. 1 8,633.9
8, 658. 5 8,629.1
1,994.1
6, 674. 0
1 A7^ fi 1 ^96 S 1 389 0
1 333 3 1 159 8
53 9
982.7
9, 420. 5
9, 407. 4
2, 176. 4
7, 244. 1
56 1
50 8
57 1
933 3 1 114.4 1,174.4 1,038.4
105.7
128.6
150.8
139.6
187.9
137.6
CQO C
87fi 9
59 8
859
44
336
94
819
61
°68
84
835
57
277
85
794.1
R7 fi
Soybeans, exc. canned or prepared
Metal ores, concentrates, and scrap
9,215.2
9, 190. 0
1,959.9
7, 255. 3
9, 633. 2
9, 601. 7
2 081.9
7,551.3
qrr/t Q
5
9
4
8
9
6
3
1
8
1
4
8
83. 8
no Q
130. 6
1
xrri npTT T?m? T> A n.TT Q 0V * Voiw cari o<; Smir •".R- TT S. Dp.nt. of Labor. BLS. Tr- e index
measures changes in prices of shipping goods by rail in the U.S. (shipments priced were
selected from ICC railroad waybill sample) and is not affected bv chafes in quantity, snippiing terms, types of service, etc. Data back to 1989 (and detail for 11 commodity groups),
cooncepts, methods, uses, and limitations appear in MONTHLY LABOR REVIEW (BLb,, June
1975.
SURVEY OF CUERENT BUSINESS
April 1976
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1974
1975
1975
Annual
S-23
Feb.
Mar.
Apr.
May
June
July
1976
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
457.9
379.6
63.8
346.9
231.2
89.4
268.4
187.3
60.0
281.7
Mar.
FOREIGN TRADE OF THE UNITED STATES— Continued
VALUE OF EXPORTS— Continued
Exports of U.S. merchandise — Continued
By commodity groups and principal commodities—Continued
Mineral fuels lubricants, etc. 9
mil $
Coal and related products
do
Petroleum and products
do
3, 443. 9
2, 487. 2
791.7
4, 464. 9
3, 343. 0
907.3
Animal and vegetable oils, fats, waxes
do
1, 423. 3
943.8
Chemicals
do
8,819.2
8, 705. 3
do
do _
_do
do
11,165.8 10, 917. 7
1, 795. 3 1, 624. 5
2, 560. 3 2, 457. 0
1,300.4 1, 089. 5
and transport equipment, total
mil. $-
38,188.6 45, 709. 5
Manufactured goods 9 If
Textiles
Iron and steel
_ __
Nonferrous base metals
Machinery
-
-.
--
Machinery, total 9
Agricultural.
_
Metal work ing
Construction, excav. and mining
Electrical
Transport equipment, total
Motor vehicles and parts _ _ _ _
do
do
do
do
do— .
do
do
Miscellaneous manufactured articles
do
Commodities not classified
do
___
399.6
295.6
73.9
391.4
298.7
68.4
104.5
120.8
436.5
339.2
84.7
310.3
220.0
74.8
406.2
310.1
83.3
r 379. 8
288. 9
98.1
r 322. 8
233.9
79.7
318.5
224.2
81.1
73.7
88.9
57.9
66.3
43.9
43.5
56.9
77.7
68.8
78.9
73.9
' 668. 5 ' 788. 2 r 737. 1
r 702. 6
718.7
704.6
»• 710. 7
682.2
730.2
661.6
780.7
' 748. 7
714.9
949.6
134.2
243.0
86.1
954.2
136.0
230.1
98.0
899.2
129.4
225.9
87.5
862. 8
122. 9
199. 5
71.2
875.2
132. 8
199. 1
79.6
880.1
142.8
185.9
84.7
980.4
16? 0
173.5
92.3
914.3
147.1
184.2
92.6
895.2
145.6
151.6
103.2
894.0
150.3
145.0
90.2
890.5
847.4
110.1
214.6
92.2
' 948. 6
139.6
219.5
104.0
r
3,538. 7 4,026. 6 3,910.1 3,993.0 3,938.0 3, 577. 9 3, 550. 7 3, 618. 9 4, 257. 8 3, 946. 7 4, 038. 2 '3,589.3 3, 879. 3
23,687.9 28, 476. 2 2, 113. 7 2, 452. 7 2, 494. 9 2, 479. 9 2, 423. 1 2, 287. 4 2, 304. 6 2, 202. 9 2,587.9 2,413.8 2, 474. 3 2, 377. 1
189. 9
198. 5
152. 4
142.6
182.5
1, 398. 4 2, 094. 4
174.7
186.6
171.4
155.5
200.3
150.1
206.1
73.5
79.4
636.5
78.2
73.6
75.8
83.1
85.4
96.2
63.8
83.3
74.8
916.4
413.8
3,112.6 4,731.4 r 343.9
383.8
397. 5
42!)! 6
394.4
419. 8 f 421.2
374.4
386.2 r 423. 1
413.1
688. 5
624. 2 >• 596. 9 r 624. 1
7,019.2 7, 586. 5
571. 0 '•651. 8 r 646. 1 r 652. 7
706.4
599. 2
664. 2
665.1
633.3
14, 500. 7 17, 233. 3 1,422.9 '1,571.5 1,410.2 1,510.4 1,514.9 1, 290. 5 1, 246. 1 1,416.0 1,669.8 1, 532. 8 1,563.9 1,212.2 1,477.0
743.7
728.2
7, 878. 1 10, 036. 2
893.4
843.9
919. 4
677.0
890.8
989. 7
760.5
893.0
944.3
854.5
5, 349. 1
-
337.4
256.5
67.2
2, 586. 6
5, 672. 4
3, 162. 3
' 488. 0
482.3
483.5
481.0
454.6
460.8
460.0
530.9
471.8
478.5
477.9
500.4
' 226. 6 ' 237. 0
274.9
' 285. 0
241.4
r 237. 9
r 277. 8
246.0
278.2
353.3
265.5
254.0
201.6
7,367.9
7,266.2
7,279.0
7,103.5
7,920.7
7,832.2
7,518.8 8,161.6 8, 511. 9 7, 910. 7 8, 888. 9 9, 009. 0 8,111.2
7,877.2 8,205.1 8,170.4 8,203.6 8, 525. 7 9, 176. 0 8, 940. 9
426.4
VALUE OF JMPORTSQ
General imports, total cf
Seasonally adjusted.
_ _ _ _ _ _ _
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
Northern North America
Southern North America
South America.. _
_
By leading countries:
Africa:
Egypt
_.
.
Republic of South Africa
do
do
100,251.0 96, 140. 4
do
do
do
do
686.4
6,617.6 8, 304. 6
567.2
474.5
681.6
632.5
893.8
869.2
710.7
579.9
687.4
743.0
760.1
27,344.9 27, 054. 6 1, 995. 9 2, 010. 1 2, 156. 7 1, 860. 0 1, 870. 8 2, 176. 1 2 223 9 2,321.3 2 574 5 2, 356. 0 2 663 0 2, 955. 3
112.8
1, 503. 9 1, 508. 2
154.6
136.1
104.3
132.0
91.1
163.5
130.9
102.3
124.0
118.2
115.9
24,411.8 21, 465. 9 1,670.2 1, 949. 6 1,721.9 1,627.3 1, 708. 1 1,782.0 1,558.1 1, 539. 1 1,742.9 1,831.0 2, 053. 9 1, 896. 6
do
do
do
21,929.1 21, 754. 7
9, 433. 1 8,821.6
8, 962. 4 7, 219. 3
do
do
69.7
608.8
7,169.7
7,927.6
1,605.8
679.3
539.1
7,404.5
7,466.5
8,190.1
7,958.5
1,704.1 1,916.5 1, 828. 6 1,813.2 1, 756. 7 1, 597. 9 1,821.6 2, 036. 1 1,861.5 2,021.5 1,796.2
776.4
798. 9
591. 7
760.5
753.4
749. 5
714.2
602.0
715.2
684.6
778.6
601.2
472.7
501.1
558.7
566.7
606.2
506.9
547.2
692.8
627.7
727.8
27.5
840.9
.5
50.1
.2
61*. 6
.4
86.7
.4
52.2
.7
77.1
2.8
91.0
2.3
46.9
6.8
79.7
.5
85.0
1, 082. 7 1,183.0
559.5
548.2
60.7
48.8
769.7
766.4
1, 688. 1 2,220.6
1, 083. 9
754.2
12,337.6 11, 268. 0
87.3
33.6
3.2
50.7
133. 5
72.7
916.3
77.0
28.5
2.5
59.0
93.2
84.3
1,006.4
92.0
31.2
4.4
51.7
214.4
92.1
929.1
70.3
30.7
3.3
55.0
148.7
47.9
808.3
123.4
37.1
3.5
56.5
133.4
33.1
858.1
89.3
42.3
3.8
59.4
224.8
35.7
952. 6
108.3
36.6
3.3
44.0
232.1
50.2
915.5
132.4
50.7
3.3
56.2
207.6
87.3
840.6
109. 8
76.8
3.9
74.4
219. 2
99.3
938. 1
101.3
89.1
101.0
77.2
62.1
59.8
6.2
6.4
5.4
66.8
80.8
77.5
182.5
245.1
192. 9
63.4
49.5
44.3
867.1 1, 044. 9 1, 156. 7
2, 257. 4
2, 136. 9
181.9
191.9
175.7
177.7
176.1
204.6
163.9
134.2
150.8
175.5
194.9
14.1
11.2
.9
.7
.6
.8
.6
.7
.9
1.0
1.4
.9
1.3
6, 323. 9
2, 585. 0
349.7
4,061.3
5,381.5
2, 397. 1
254.4
3, 784. 4
416.9
174.3
19.4
314.3
508. 5
242.7
14.3
323.2
439.2
185. 3
18.0
304.3
403.2
162. 3
16.5
290.0
413.6
192. 3
20.3
311.8
430.0
190. 3
18.7
311.4
408.8
214. 3
14.1
271.4
347.6
205.7
21.4
274.6
433.1
194. 9
25.4
298.2
438.1
209.9
17.0
298.3
509.5
218.5
23.7
360.7
21,924.4 21, 746. 7
1,605.8
Latin American Republics, total 9
do
13,666.9 11, 839. 8
Argentina _
do
385. 8
214.6
Brazil
do
1,699.9 1, 464. 3
Chile
_
do
310.3
137.7
Colombia ._.
do
511.0
590.2
Mexico
do
3, 390. 4 3, 058. 6
Venezuela
do
4, 671. 1 3,623.9
By commodity groups and principal commodities:
Agricultural products, total ... _ _
mil $ 10,380.1 9, 489. 8
Nonagricultural products, total
do
89, 837. 9 86, 650. 5
876.9
14.1
110.4
7.8
43.6
221.2
263.5
Asia; Australia and Oceania:
Australia, including New Guinea
India
_
Pakistan... __
_
Malaysia
Indonesia.
Philippines. _
Japan
do
do
do
do
do
do
do
Europe:
Frnnoe...
do
German Democratic Republic (formerly E.
Germany)..
.
mil $
Federal Republic of Germany (formerly W.
Germany) _
mil $
Italy
do
Union of Soviet Socialist Republics
do
United Kingdom
_
do
North and South America:
Canada
Food and live animals 9
Cocoa or cacao beans
Coffee...
__ ...
Meats and preparations
Sugar
do
717.0
6,445.7
872.4 1,114.7
12.6
9.7
108.4
110.4
16.4
10.9
32.8
50.3
245. 7
253. 5
443.6
251.8
Beverages and tobacco
do
1,322.3
1,419.5
106.4
143. 7
Crude materials, inedible, exc. fuels 9
Metal ores
Paper base stocks
Textile fibers
Rubber .. __
do
do
do
do
do
6, 065. 6
1,848.1
1,164.9
225.2
515.6
5, 564. 3
1,976.7
1, 067. 5
174.4
364.7
394.9
132.7
84.6
10.0
23.8
460.6
150. 4
105. 5
8.5
27.4
Mineral fuels, lubricants, etc
Petroleum and products..
do
do
Animal and vegetable oils and fats
Chemicals..
do
do
626.8
29.8
123.0
82.9
134.2
11.4
62.8
185.3
1.9
486.
207
16
302
0
5
7
2
979.0
10.4
96.1
10.3
40.4
274. 2
304.5
964.1 1,037.6
10.7
14.4
119. 7
117.5
11.9
9.0
61.4
46.4
251.1
268. 9
307.8
204.0
925.6 1, 068. 7
12.4
24.9
121.0
188.3
7.8
14.1
55.0
59.9
243.5
270.3
259. 3
278.1
952. 3
39 9
115.2
13.1
44. 5
298.4
249. 8
835. 6
20 5
98.9
10.8
58.5
248.0
225. 3
997 2
27 2
134.1
14.6
41.0
280.2
284.1
992 8
92 5
135.8
13.1
59. 5
263.4
287.4
687.4
8^9.2
787.3
763.0
946.2
800.5
787.3
843.0
701.9
786.3
857.7
6,669.5 7, 393. 8 6, 656. 1 6,413.7 7,152.4 6, 826. 2 7,215.4 7, 682. 7 7, 110. 2 8,101.6 8, 165. 9
9, 386. 2
316.6
1, 504. 8
1,352.6
2, 247. 4
8, 508. 8
321.1
1, 560. 9
1,141.2
1,870.1
7.8
59.5
1,703.4 1,915.4 1, 827. 3 1,812.8 1, 755. 8 1, 597. 6 1, 820. 9 2, 034. 7 1, 861. 5 2, 020. 3 1, 795. 7
do
do
do
do
do"
_
4.8
71.9
657.5
34.1
110.1
87.2
154. 2
684. 5
28.2
102.2
75.7
200.3
635.8
14.6
141.0
95.6
109. 1
611.0
24.6
95.7
67.7
145.2
779. 7
23.6
120.3
83 9
259.5
119.1
116.9
129.6
103.4
95.8
475.3
161.4
87.8
14.9
27.6
453. 6
160.1
86.8
12.3
18.7
513.0
183.3
97.2
11.3
30.7
506. 4
181. 5
92.4
11.4
28.0
420.9
155. 4
75.8
12.9
32.3
705.8
19.4
115.9
99. 9
174.7
896.9
21.2
210.4
106.2
237.0
759. 9
712.1
41.7
117. 4
100.6
76.3
759.7
44.3
159 0
135.6
62.9
669.5
145. 5
102.0
165. 4
725. 1
24.0
140.9
125. 5
90.4
106.9
128.0
120.4
137.2
141.5
158. 3
476. 4
184.3
82.2
17.6
30.0
457.7
165. 0
86. 9
19.6
34.1
415. 3
126. 4
81.7
18.4
39.2
524. 4
183.9
96.9
20.8
36.9
483.7
147.0
108.6
18.0
38.5
439.5
25. 453. 8 26, 475. 6 1,940.1 1,480.7 2,441.3 1,945.0 1,436.1 2,137.3 2,245.6 2, 446. 1 2, 345. 5 2, 089. 4 2, 547. 5 2, 790. 7 2, 302. 3
24, 269. 5 24,814.3 1,772.4 1, 343. 3 2,310.4 1, 828. 0 1,316.1 2,021.8 2, 134. 3 2, 305. 0 2, 197. 7 1, 931. 1 2, 364. 1 2, 609. 4
544.3
4,017.7
553. 9
3,696.4
44.7
306.2
55.1
310. 8
40.7
351. 9
51.9
285.6
33.2
252. 8
44.8
247.4
32.7
270. 6
41.6
275.1
48.8
302. 4
66.2
298. 5
46.0
327. 9
37.8
350.0
51. 5
316.6
Manufactured goods? IT
do
17,718.7 14, 700. 5 1, 259. 0 1,313.3 1,243.1 1, 144. 7 1,230.8 1, 136. 6 1, 005. 3 1,091.8 1, 194. 0 1,121.2 1,211.1 1, 190. 5 1, 108. 6
Iron and steel
do
5,148.9 4, 594. 5
285. 4
238.5
330. 5
310.0
485. 5
491. 4
321.8
265. 7
279. 6
355.8
371.6
422. 5
Newsprint
~_"__~do
1,503.2 1,427.3
97. 8
78.6
68.7
134.6
109. 0
139.8
131.0
134. 6
106.0
73.1
138. 1
131. 9
9
Nonferrous metals. _.
do"
3,921.0 2, 580. 7
258. 8
252.7
194. 5
31 3
247.3
190. 5
162. 0
173. 2
225. 8
169. 4
231,0
195. 7
Textiles
._ ,. do
141.4
1.614.7 1,218.6
117.0
144.8
88.5
89.3
87 4
85.4
89.6
94.2
126.0
8G. 9
90. 1
r
QEfiective Juno 1975 SURVEY,
Revised.
9 Includes data not shown separately.
cfSee corresponding note on p. 8-22.
^Manufactured goods—classified chiefly by material.
data beginning 19/4 are based on f.a.s. (free alongside ship) value basis rather than customs value basis as formerly shown.
SURVEY OF CURRENT BUSINESS
S-24
1974
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
1975
1975
Annual
April 1976
Feb.
Mar.
Apr.
May
June
July
1976
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF IMPORTSO— Continued
General imports— Continued
By commodity groups and principal commodities—Continued
Machinery and transport equipment
mil. $ _ 24,060.3 23, 464. 6 1, 688. 8 2, 079. 5 1,899.2 1 934 5 1,961.6 1, 964. 4 1,822 0 1,793.3 2, 138. 6 2, 018. 6 2, 269. 4 '2,229.7 2, 104. 9
999 i 1 124 0 1 003 9
924 3
11,612.0 11 727 4
898.4 1 099 3 938 1
971 4 1,012-0
Machinery total 9
do
966 4 1 109 8
944 9
299.7
Metalworking
do
361.5
30.1
29. 1
32 9
32 6
26 0
29 7
23.5
29.8
28 7
36 8
25 6
28 6
376.4
Electrical
. _
do _ _ 5, 339. 1 4,911.2
424 7
432.0
527.4
411.0
444.3
496.3
353.0
407 9
455.6
450.1
357 0
Transport equipment
Automobiles and parts,
do
_.do
12,450.7 11, 737. 2
10,263.9 9, 920. 7
790.4
619.1
1,109.0
922.0
961 1
788.7
989 6
851.3
990. 1
837.5
952.4
807.2
897 7
777 1
826.9 1,028.8 1 019.6 1, 145. 4 1 225 9
914.3 1, 026. 2 1 120.8
907.0
699.8
Miscellaneous manufactured articles
do
9, 426. 2
9, 227. 6
621.9
687 8
703.8
626 3
722.7
850.9
800 6
815.7
919.7
844.1
878 7
838 7
790.2
Commodities not classified
do
2, 255. 7
2, 529. 1
181.0
185.4
231.2
1Q8. 5
219.7
223.8
189.7
217.9
217.4
211.9
234.6
186.6
169.7
174.5
180.5
315.0
P 196. 3
v 175. 8
P 345. 1
197.5
165.9
327.7
199.0
182 9
364.0
197.4
176.2
347.9
196.9
174 7
344 0
194.6
170 9
332 5
195.5
162.8
318.3
194.2
168.9
328.0
195. 5
165.8
324.1
194.1
193.7
376.0
195.5
188.4
368.4
198.7 P199.8
181.1 pl69 7
359.8 p 339.0
P198.4
P170.3
p 337. 9
223.3
168.1
375.5
p 241. 9
p 149. 0
P 360. 6
239.6
134.1
321.2
249.3
135.1
336.7
248.3
148.4
368.5
245 8
135 2
332.3
246 2
133 4
328 5
238.3
149.4
356.0
238.8
141.3
337.4
237.6
154.5
367.2
238.9
160.5
383.4
236.6
150.6
356.2
239.6 p 240. 3
166.7 P166.7
399.4 p 400. 5
p 241.9
p 150.9
p 364.8
r
264,484
55, 506
19, 732
4 785
21, 260
5 353
21,514
5,105
22, 262
4 969
21, 441
4 847
20, 939
4 743
23,479
4 984
446, 558
67,160
30, 390
4,727
26 597
4,812
38,017
5,397
32, 342
4,779
27, 781
4,632
36, 107
5,300
35, 633
5,135
12.90
51.8
1,803
13.36
53.7
1,899
12.26
52.0
1,762
13.93 p 13. 94
60.1 P53.4
1,901 p 1, 839
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Unit value
1967 = 100
Quantity
do
Value
do
General imports:
Unit value
do
Quantity
do
Value
do
Shipping Weight and Value
Waterborne trade:
Exports find, reexports):
Shipping weight
Value
General imports:
Shipping weight
Value
thous sh
tons
mil $
thous sh
tons
mil $
r
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers (Scheduled Service)
Certificated route carriers:
Passenger miles (revenue)
bil
162 92
Passenger-load factor!
percent. .
54.9
Ton-miles (revenue) totalf
mil
22, 425
Operating revenues 9 O
Passenger revenues
Cargo revenues
Mail revenues
Operating expensesO
Net income after taxesQ
-
bil
mil
do
129. 73
2,888
692
Operating revenues©
Operating expensesO
Net Income after taxesO
mil $
do
do
& 11 545
b 10 760
381
International operations:
Passenger-miles (revenue)
Cargo ton-mi^ es
Mail ton-miles
bil
mil
do
33.19
2,083
471
mil $
do
do
"3,157
"3,218
—60
mil
5,606
.
11.01
47.8
1,520
131. 73
2,747
683
13.30
52.4
1,820
12.19
50.3
1,689
12.91
50.9
1,774
3,502
2,849
293
79
3,613
—163
.mil. $_. & 14, 703 p 15, 360
do
11,879 P 12, 352
do
1,248 P 1,314
do
309
P311
do
& 13, 978 p 15, 229
do
322
P —71
Domestic operations:
Passenger-miles (revenue)
Cargo ton-miles
Mail ton-miles
Operating revenues©Operating expensesO
Net income after taxesO
162. 81
53.7
22, 186
8.94
190
52
10.95
225
58
2.07
147
31
2.35
172
35
16.10
57.4
2,110
17.30
61.9
2,241
10.07
224
57
10.42
233
57
12.14
232
52
12.75
238
54
13.81
249
54
2.49
157
36
2.76
156
37
3.35
172
35
3.49
175
33
10.92
261
59
10.06
239
55
11.36
214
75
pll.29
p 206
p 56
2.67
187
30
2.44
210
33
2.20
204
38
2.56
173
46
p 2.65
* »151
p 33
496
450
493
481
466
98
2,761
142.6
149.6
971
875
75
832
808
15
723
781
—70
10.22
244
53
3,203
3,075
42
2 964
2 903
18
2.12
152
37
p 3, 888
p 3, 036
P361
p 85
p 3, 925
p —58
4,174
3,389
344
72
3,950
118
3 796
3,078
316
75
3,711
32
2,779
2 862
—93
31.08
2,048
426
14.90
56.5
1,968
Local Transit Lines
Passengers carried (revenue")
Motor Carriers
Carriers of property, large, class I, qtrly.:*
Number of reporting carriers
Operating revenues, total
mil $
Net income, after extraordinary and prior period
charges and credits
mil $
Tonnage hauled (revenue), common and coiUraot
carrier service
mil tons
Freight carried— volume indexes, class I and II
intercity truck tonnage (ATA):
Common 1and contract carriers of property
(qtrly. )c?
average same period 1967 — 100
Common carriers of general freight, 'seas, adj.f
1967=100.
Class I Railroads
Financial operations, qtrly. (AAR), excl. Amtrak:
Operating revenues, total © 9
mil. $
Freight
.
do
Passenger, excl. Amtrak..
do
Operating expenses ©
do
Tax accruals and rents
_
do
Net railway operating income
do
Net Income (after taxes) ©
do
r
'5,611
'452
528
488
455
2,474
100
2,269
98
9, 553
99
2 106
233
220
a5
54
194
174
38
41
98
3 9, 610
3
117
135
2 155. 4
d
131.8
16, 945 p 16, 427
15 784
290
13, 125 p 13, 234
3,051 p 2, 806
p 386
769
1 fiSS
p l 142
128.9
122.2
3,839
3 CQQ
70
3,301
0
655
1
430
425
433
•100
• 2, 467
100
2,500
'98
/ 2, 526
81
/52
78
•48
43
/51
49
138.5
140.1
137.6
141.8
• 4, 392
« 4, 129
• 73
• 3, 322
•a 815
4,154
3,900
75
3,237
727
190
1115
124
118
125.2
17A
2
Revised.
p Preliminary.
i Before extraordinary and prior pen od items.
Companson with year-ago data may be affected by the change in re porting ac tual tonnage carried
3
instead of billed tonnage, per i h o ICC Uniform Svstem of 1Accounts (1/1/74).
Annual
total: monthly revisions not available.
O See corresponding note on p. S. 23.
9 Includes
data not shown separately.
^ Appliec to passengers, bag ?age, carg o, and mail carried.
§ I assenger-miles as a percent of available seat-miles in revenile service reflects proportion of
seating capacity actually sold and utilized.
O Total revenu es, expen/? es, and income for all
475
123.0
128.3
3,995
3 746
73
3,301
693
1
1
fi7
131.2
137.5
p 4, 439
p3,395
p732
p312
* New series. Source: ICC (no corngroups of carriers also reflect nc mschedu led service.
cf Index is are comparable for the identical quarter of each
parable data prior to 1972).
2
©Natl. Railroad Pass. Corp. (Amtrak) operations
year (and from year to year); ?ee .
(not included in AAR data abo ve) , 1st e months 1974 and a1975 (mil. $): Oper. revenues, 129;
See note, bottom of p. S-25.
119;
oper. expenses, 221; 248; ne1i, loss, 12 3; 166; (ICC).
b
2d qtr. 1974.
• For 3d qtr. 1974.
/ For 4th qtr.
See note, bottom of p. S-25.
c
Corrected.
1974.
t Revised to new season al factor 3 back to 1957.
SURVEY OF CURRENT BUSINESS
April 1976
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition 01 BUSINESS STATISTICS
1974
1975
1975
Annual
S-25
Feb.
Mar.
Apr.
June
May
1976
July
Sept.
Aug.
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION— Continued
Class I Railroads — Continued
Traffic:
Ton-miles of freight (net), total ntrly
bil
Revenue ton-miles, qtrly. ( A A R )
do
Revenue r>er ton-milo
cents
Price index for railroad freight*
1969 — 100
Passengers (revenue) carried 1 mile
mil
880 7
851.0
1 848
149 7
10, 333
781 0
755. 1
194 5
186.9
158 3
2
190.1
182.4
202 8
196.3
187.8
175 2
175 6
175 7
180 2
180 8
180 9
181 0
181 2
123
27. 18
64
21.51
71
131
27.31
59
22.81
71
121
26.89
60
21.77
76
115
27.01
58
20.72
65
131
29.55
70
21.31
69
117
28.19
60
21.16
60
117
27.67
43
20.83
48
108
29.41
56
21.24
58
113
30.48
57
21.11
63
625
731
466
406
263
4,437
701
760
538
445
286
7,948
872
903
675
556
241
11 320
1,003
882
728
665
187
11,445
653
706
543
483
161
5,845
658
632
472
480
131
4,597
606
599
430
398
119
2,596
118
3,716
183
1,829
194
2,196
^285
2,491
2 654
1 247
1 069
1 692
484
129 1
2 647
1 254
1 054
1 685
484
129 2
2 659
1,268
1, 050
1 674
495
129 5
2 717
1 270
1,102
1 725
500
129 9
2 712
1,280
1,085
1,729
497
130 3
2,743
1,300
1,087
1,777
492
131. 1
2 827
1,323
1,138
1 854
500
131 6
2,761
1,329
1,059
1,766
508
132.0
2,842
1,347
1,125
1,856
52.7
132.3
40 9
32 0
6.4
42 0
32.9
6.6
42 6
33.6
5.9
43 2
33 4
71
43 1
33.7
6.9
41 5
33.9
42.1
34.3
5.4
45.1
35.6
6.8
41.4
33.8
5.0
44.4
37.5
5.4
25.0
16.8
67
26.7
19.3
59
26.2
18.1
68
26 0
18 5
6 0
26.7
19.0
6 2
25.5
18.1
59
<27.5
* 18.9
* 7.1
<28.7
4
19.8
*7 3
'381
1, 159
84
808
96
705
158 3
158 3
165 8
117
25.02
62
19. 3S
67
118
110
120
27.60 ' 28. 63 27.61
59
59
57
21.23 r 20. 22
21.93
64
61
'GO
114
27. 57
61
21.69
65
126
27.67
59
20.82
63
8 540
8,306
5 936
5, 067
2,415
52, 857
2,334
60, 527
531
515
431
328
179
1,635
553
687
503
399
223
2, 497
624
582
428
338
261
2,735
mil $
do
do
do
do
mil
29 013
13 932
11,456
18 468
5 310
197 9
32 075
15, 256
12, 688
20 672
5 793
132 3
2 451
1,211
914
1 590
427
128 4
2 564
1,224
1,017
1 658
459
128 6
mil $
do
do
483 9
384 7
69 4
504 8
403.9
70.7
38 7
31 2
4.9
24 6
17 1
6 0
169 4
193 3
189.6
1 950
165 9
4, 794
2
181 2
Travel
Hotels and motor-hotels:!
Restaurant sales index
same month 1967 = 100
Hotels: Average room salet
dollars
Rooms occupied
% of total
Motor-hotels: Average room sale 11
dollars. _
Rooms occupied
% of total
Foreign travel:
U S. citizens' Arrivals
thous
Departures
do
Aliens' Arrivals
do
Departures
do
Passports issued
....
do
National parks, visits
do
COMMUNICATION
Telephone carriers:
Operating revenues 9
Station revenues
Tolls, message
Operating expenses (excluding taxes)
Net operating income (after taxes)
Phones in service end of period
Telegraph carriers:
Domestic:
Operating revenues
Operating expenses
Net operating revenues (before taxes)
Overseas, total:
Operating revenues
Operating expenses
Net operating revenues (before taxes)
do
do
do
4
298 7
4 205 4
4 77 4
4
25. 2
418.4
4
5.2
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
Production:
Aluminum sulfate, commercial (17% Al 2 O 3 )i
thous. sh. tons..
Chlorine gas (100%, C12U
do
Hvdrochloric acid (100% IK 1 l)t
do
Phosphorus elemental!
do
Sodium carbonate (soda ash), synthetic (58%
Na 2 O)t
thous sh tons
Sodium hydroxide (100% NaOIDl
do
Sodium silioate anhydroust+
do
Sodium s u l f a l e anhvdrous
do
Sodium trypolyphosphato (100% NasPsOio)}
do....
Titanium dioxide (composite and pure)J
do
Sulfur, n a t i v e 1(Frasch) arid recovered:
Productions
thous. Ig. tons..
Stocks (producers') end of periodcf
do
1,283
10, 753
2,451
524
1,060
' 9, 022
'1,973
457
80
730
163
39
70
692
154
42
90
672
157
40
89
709
149
37
79
695
150
35
100
699
159
31
99
767
175
33
88
778
169
39
106
839
180
41
80
770
159
40
98
'827
'181
38
83
759
180
36
3,507
11,189
770
1,348
2 792
' 9^ 267
655
' 1, 267
247
742
45
125
230
708
55
107
238
685
53
107
248
726
64
105
216
713
61
81
214
719
49
96
226
792
45
101
208
801
41
102
247
858
62
112
200
793
61
108
249
'844
60
'92
204
789
57
105
903
787
'778
603
67
44
66
37
64
44
61
46
60
48
57
50
68
57
67
63
72
62
61
52
'62
52
60
56
10,533
3,957
10, 141
5,126
809
4,054
904
4,220
908
4,309
912
4,498
835
4,739
837
4,871
841
4,950
802
4,993
826
5,051
781
5,078
817
5,126
789
5,226
15, 805 ' 15, 780
7, 542 ' 6, 967
i 2, 120 '1,921
8,120 ' 7, 074
2 943 ' 2, 200
7,213 ' 7, 157
33, 052 ' 30, 593
1,202
593
162
566
174
595
2,546
1,369
641
161
603
215
658
2,711
1,345
644
161
618
235
644
2,743
1.406
591
144
593
230
600
2,483
1,354
523
150
553
218
530
2,263
1,349
559
171
581
192
502
2,300
1,360
489
170
541
162
543
2,381
1,264
536
150
569
153
573
2,400
1,235
596
157
165
155
635
2,601
1, 251 '1,439
'610
568
'185
154
'624
608
'162
159
662
'657
2, 695 ' 2, 940
1,355
575
183
594
151
626
2,421
' 5, 396
'541
5, 079
21, 745
1, 397
13, 786
3,551
455
431
536
1,466
65
985
140
485
459
592
1,566
121
1,155
103
519
479
485
1,336
75
993
47
495
607
324
1,575
149
1,179
81
413
650
244
1,503
116
1,010
127
383
697
177
3, 952
108
1,276
2,258
375
707
338
1, 715
134
1,023
205
406
621
320
1,787
79
1,252
111
461
509
672
1,586
147
1,163
133
478
538
384
1, 619
173
1,081
132
'505
'541
470
1,639
142
1,205
79
474
618
'437
1,596
110
1,103
104
1
Inorganic Fertilizer Materials
Production:
Ammonia, synthetic anhydroust
thous. sh. tons..
Ammonium nitrate, original solution!
do
Ammonium sulfate t
do
Nitric acid (100% ITNO-Ot
do
Nitrogen solutions (100%, N)J
do
Phosphoric acid (100%, P 2 O 5 )t ..
.
do
Sulfuric acid (100% TTaSOOl
do
Superphosphate and other phosphatic fertilizers
(100% P 2 0j):
Production
thous sh tons
Stocks end of period
do
Potash, deliveries (KjO)
do
Exports, total 9
do
Nitrogenous materials
do
Phosphate materials
do
Potash materials
do
Imports:
Ammonium nitrate
do
A m m o n i u m sulfate
do
Potassium chloride
do
Sodium n i t r a t e
do
5,367
377
6,334
120,156
i 914
15, 361
1,415
25
26
245
369
18
40
32
258
219
12
728
595
7,146
6,132
607
42
17
19
150
139
' Revised.
P Preliminary.
1 Annual total;
i
nonthly
not a vail at le.
revisions are
2
J
4
For six months ending in month shown.
Foi • month .>hown.
Includ es data for
Western Union Int. Cable & Wireless as noted.
tElTpctive May 1975 SURVEY, series restated to sin ft index t o the 1967 base memth and to
show separnlelv operations for hotels and for motor -hotels; c omparabl 3 data beick to JYJ ay
1971 are available.
H Refers to average daily rent per occupied room, n ot to sche duled rate s.
9 Includes data not shown separately.
*See not e "*," p. 3-22.
J Monthly revisions back to 1971 are available UDOI i request.
cTTn the footnote of the 1973 BUSINESS STATISTIC:s a distin ction is nlade betiveen "pr OSS
weight" and "sulfur content." However, because th e differen ZQ is so m mute, th e Bureau of
Mines no longer makes this distinction.
12
17
32
15
14
12
17
23
8
27
47
21
15
18
20
6
14
5
12
6
564
507
510
526
746
332
354
418
299
388
2
0
4
0
0
5
7
0
16
18
a
NO1^ES FOII P.S-24 — Begii ming 197 5 (and restated ye ar-ago p ^riod), da ta reflect changes
in accounting tc) include rorovisioi i for defer red taxe and oth ar change s. Forge neral coiriparison
under former a ^counting methoc , net rai way ope rating in come for 1st qtr. 1975 is at >out $18
mil. lo vver (anc for 1st c tr. 1974, about $4 1 mil. lovver); for motor c irriers, n et incom e for 1st
» EEffective
qtr. 19 75 is abo ut $3.2 m il. lower (and for 1st qtr. 1974, abc ut $1.8 r nl. lowei•).
1974, c sinpariso n of oper ating re\ enues ai id expen ses with prior per iods is af 'ected by revised
reporti ng regul ations. 1 Seginnin ? 1974, c ther tra nsport-re lated re venues a nd expe nses are
reporteid gross i n operati ng reven ues and i n expen? es rather than as net in op erating navenues,
For th e year 1£ 74, for tc tal certi icated re ute carr ers, this reportin g change had the effect of
increas ing oper ating rev e lines by 2.5/0 an d expens es by 2.7 ft.
SURVEY OF CURRENT BUSINESS
S-26
1975
1974
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
April 1976
1975
Annual
Feb.
Mar.
Apr.
May
June
1976
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Industrial Gases £
Production:
Acetylene
.mil. cu. ft
Carbon dioxide, liquid", gas, and solid
thous. sh. tons._
Hydrogen (high and low purity)
mil. cu. ft._
Nitrogen (high and low purity)
do
Oxygen (high and low purity)
do
Organic Chemicals d"
Production:
Acetylsalicylic acid (aspirin)
.mil. lb._
Creosote oil (B_.
_ .mil. gal. .
Ethyl acetate (85%)
mil. lb_Formaldehyde (37% HCHO)
do
Glycerin refined, all grades
.
do. .Methanol, synthetic
..mil. gal_Phthalic anhydride
- mil. Ib .
ALCOHOL*
Ethyl alcohol and spirits:
Production
.
mil. tax gal..
Used for denaturation.
.
.
do
Taxable withdrawals...
. _.
do
Stocks end of period
- do
Denatured alcohol:
Production
. . . mil. wine gal.
Consumption (withdrawals)
do
Stocks end of period
do
r
6 623
477
422
501
537
539
567
592
728
559
590
r 635
621
'1,391
75, 017 '64,959
243, 612 ' 236,248
389, 628 r 350,789
95
106
110
115
127
4,772
19, 165
29, 595
5,541
19,350
29,067
129
103
4, 859
19,364
32, 199
133
138
4,416
18, 282
30, 763
127
'109
r 6, 344
109
5, 947
20, 828
29, 656
'32.9
i 25.8
2 1
i 124. 2
i 117.0
13 H
i 170. 2 r 1 124.3
9 0
1 5,845.8 r 14,616.0 256.3
348.7
264.4
24 1
11,033.9 r i 779. 7
28 3
i 978.6 r ! 708. 8 41 5
2 2
8 4
10 1
351. 5
22 6
30 1
43 7
2 1
9 0
6 1
380.3
19 8
52 0
50 6
1.9
8.7
7.0
352. 7
18 3
58.7
54 7
40 4
30.2
44 5
25.6
41 4
29.3
39.8
30.4
5.0
5.9
9
7,808
1,766
618.2
460.0
73.8
100.6
526. 3
391.3
254.8
254.9
2.8
r 207. 3
f 207. 1
106.1
110 1
16.3
16 6
2.7
6.4
6.1
9
131
10 9
114 7
14.0
14.2
15.9
15.6
16.4
16.9
2.6
2.4
61.5
477.6
101.2
232.3
198.4
97.8
483.2
1 19. 6
260.3
247.7
2.7
2.1
105.0
454.1
133.3
312.3
281.8
99.8
506.6
144.8
345.9
270.4
334.1
175.8
158.3
362.9
197. 4
165. 5
5, 214
18,688
27,014
9
5, 485
19,453
26 895
5,857
19, 971
27, 558
5,967
20,245
29,854
6,137
20,436
29,018
1 9
8 3
10.8
430. 1
19 5
61 6
68 0
2 0
39.6
43.8
7
5
372
18
76
64
2
G
9
7
8
5
2
2
5
11
356
17
80
52
3
9
1
7
3
5
6
2 4
7 5
11 1
384 3
22 1
64 6
64 9
39
29
6
116
1
6
8
7
41
29
6
114
3
7
4
1
40
29
6
115
1
7
3
2
495.4
22 9
65.6
73 6
2 2
6 3
14.3
399.4
25 7
73.5
65 0
18
6 7
14.1
431.7
27 0
78.7
78 1
53 8
37.8
46 4
30.0
6.3
47 9
39.8
107 0
7.6
96 7
103 1
106 1
20.3
20 3
16.2
16 3
2.2
2.1
21.6
20 4
138.3
711 5
204. 5
420 3
374.0
111.6
693. 6
192.3
389 9
371.0
108.6
765.3
185.2
378.2
362.3
364 0
175 6
188 3
318 2
159 7
158.6
r 276. 0
7.1
16.1
16 4
2 1
18.9
18.8
2.0
16 8
16 5
2 3
101.8
542 8
164. 8
307 1
315.8
98.9
569 1
158.7
294. 5
316.6
109.0
633.5
188.8
347 3
335.9
124.2
680 0
189. 6
419 9
322.3
373 4
206.7
166.7
387 1
209.7
177.4
384.6
197.5
187.1
15.6
15 8
5,386
19, 958 r 21,551
28, 390 r 28,341
2.2
7.9
9.8
7.5
2.7
r
27 3
23 9
41 6
35 2
5.5
102 6
19.1
19 4
2.5
PLASTICS AND RESIN MATERIALS
Production:
Phenolic resins
._
. . . mil. Ib . 1i 1,512.2 r i 1,277.5
8 820 8 r i 7,260.8
Polyethylene and copolymers
do
12,257.7 T 11,917.6
Polypropylene
do
1 4 967 6 T i 3,834.1
Polystyrene and copolymers
do
14 821.2 i 3,816.1
Poly vinyl chloride and copolymers
do
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly
nil Ib
Paints, varnish, and lacquer, factory shipments:
Total shipments f
mil $
Trade products f
do
Industrial finishes t
do
2, 325. 7
534.9
267.5
3 672 3 »-4 096 6
1 870 5 'r9 079 0 135.9
1 801 7 \ 947 6 131.6
302.2
156.5
145. 8
2 152.6
589.2
610.5
391 6
216.2
175.4
591.1
r 124. 9
f 151.1
305.2
143.7
161.4
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and Industrial), total
mil. kw.-hr
Electric utilities, total
By fuels
By waterpower
do
do
do
Industrial establishments total
By fuels
By waterpower
do
do
do
153 341 169, 197 159 206 158 376 r!67,782
1, 967, 288
1, 864, 846 1 909 108 146 338 154 955 145 989 151 471 '160 927 (175 857 * '179 902 156, 802 154, 748 152, 334 168, 654
1, 564, 552 1,609,467 122, 493 126,913 us! 610 123, 781 '133,843 150| 418 156, 651 136,311 132, 133 127, 938 142, 709
300 734 999 641 93 g45 28 042 26 679 9 7 690 '27 083 25 438 22 551 20, 490 22 615 24, 396 25, 945
101 087
97, 574
3 513
7 004
6 9793
81
7 943
6 943
300
6 9069
6 58
6 918
6 618
324
300
6 855
6 559
296
Sales to ultimate customers, total (Edison Electric
Institute)
mil kw -hr 1 700 769 1 733 009 149 881 139 872 136 294 133 505 141 801 150 637 157 013 154, 635 142, 409 140, 141 146, 913
Commercial and industrial:
Small light and power§
do
392 716 418 069 33 146 32 704 39 114 32 313 35 703 38 400 39 395 38, 276 34, 655 33, 483 34, 288
Large light and power§
do
689 435 661 558 53 480 53 169 52 851 53 530 54 843 54 335 56 551 57 555 57 512 56, 923 56, 230
Railways and railroads
Residential or domestic
do
do
4 °58
554 960
4 279
586' 135
393
50 716
388
48 596
Street and highway lighting
Other public authorities
Interdepartmental
do
do
do
13 314
40 791
5 366
13 907
43 695
5 443
1 919
3 529
405
1 165
3 459
391
379
339
319
344
326
333
351
338
389
46 035
42 424
45 741
59 275
55 311
53 057
44 430
43 870
50 442
1 096
3 498
1 063
3 436
1 0"
3 691
1 075
3 716
1 077
3 857
1 124
3 798
1 201
3 772
1,294
3 749
1 310
3 761
390
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil % 39 196 8 46 857 6 3 798 8 3 683 5 3 601 9 3
482
398
C4Q
A
499
498
493
488
485
493
3 832 4 4 187 2 4 366 8 4 294 4 3 974 4 3 855 3 4 043 9
GAS
Total utility gas, Quarterly
(American Gas Association):
Customers, end of period, total ..
Residential
Commercial
Industrial..
Other
.
Sales to customers, total
Residential
Commercial...
Industrial
Other
Revenue from sales to customers, total
Residential..
Commercial. ..
Industrial
Other
thous
44,734
45, 007
44, 953
44, 552
44,400
45,007
do
do
do
do
41,034
3 446
41 336
3 4°1
41 295
3 434
9
04
90
40 939
3 375
40,811
3 349
41,336
3,421
190
54
186
54
191
58
tril Btu
16 000
14 889
4 947
3 546
2 790
3,567
do
do
do
" do
4 865
2*293
8, 153
689
4 977
2 346
6,888
670
9 935
997
1,546
168
1 150
468
296
1, 728
133
1,854
172
1,652
179
mil. $
15 360
19 905
6 3°8
4 560
3 374
5,000
do
do
do
do
6 809
2 539
5 509
979
435
2,144
196
58
191
58
3 348
1 978
1 4^4
601
413
249
' Revised.
i Reported annual total; revisions are not distributed to the monthly data.
§Data are not wholly comparable on a year to year basis because of changes from one
classification to another.
cTData are reported on the basis of 100 percent content of the
specified material unless otherwise indicated.
J Monthly revisions back to 1971 are avail-
8 441
3' 315
6 849
534
9
Ol
9
7599
1 68
113
1 784
176
1 170
566
884
1,822
149
able upon request.
8 In the 1973 B U S I N E S S STATISTICS the unit reads "millions of
gallons"; it should read "thousands of gallons."
t Monthly revisions for 1973 will be shown
later.
SURVEY OF CURRENT BUSINESS
April 1976
Unless otherwise stated in footnotes below, data
through 1972 and descripiive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1975
1974
Annual
S-27
1975
Feb.
Mar.
Apr.
May
June
1976
Aug.
July
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES 9
Beer:
156. 20
Production
mil. bbl
145. 46
Taxable withdrawals
_
__do _
12.58
Stocks, end of period
do
Distilled spirits (total):
Production
- _
.mil. tax pal.. 162. 55
Consumption, apparent, for beverage purposes
mil. wine gal.. '1417.22
221.77
Taxable withdrawals .
.. mil. tax gal875. 75
Stocks, end of period
do
Imports
mil. proof gal. . 110. 98
Whisky:
75.15
Production
- mil. tax gal
137. 04
Taxable withdrawals
.
.. _ _ _ d o
822.
11
Stocks, end of period
do
93.92
Imports
- - mil. proof gal .
160.51
148. 57
12.74
11.18
9.84
13.54
12.40
11.57
13.76
14.34
13.41
14.17
14.50
13.01
14.26
15.76
14.44
14.30
16 00
14 69
14.36
144. 23
10.19
10.56
11.79
11.87
10.81
7 57
i 423. 31
r
229. 09
793. 87
113.46
26. 86
14.55
862. 94
7.67
32.57
15.75
857. 25
7.92
33.44
20 19
852. 07
9.93
33.84
19. 47
841. 86
9.89
35.80
20 28
830. 03
9.01
33 38
17 08
822. 39
8 67
60.07
140. 51
737. 39
94. 98
3.79
9.49
808. 00
6.34
4.41
9.81
802. 16
6.57
5.47
12.97
794. 26
8.39
5.13
11.92
786. 90
8.32
4.10
11. 75
776. 47
7.50
9
118. 67
53.38
* 113.65
>• 48. 09
7.98
3.59
8.13
3.22
10.79
5.25
9.83
4.34
18.84
18.03
8.12
1.80
19.37
18. 45
7.91
1.90
1.11
.94
8.73
.12
1.53
1.18
9.00
.11
1.57
.97
9.51
.14
384. 68
299. 81
451. 77
47. 39
8.14
22.48
413. 00
2.78
8 27
26.88
387. 40
3.34
354. 30
338. 20
3.49
7.11
961.7
49.2
.674
975.6
10.9
.818
90.4
61.4
.693
96.3
60.5
.692
mil. lb.. 2,930. 2
d o _ _ _ 1,858. 6
2, 795. 9
1, 664. 5
203.9
122.1
238.0
144.1
Rectified spirits and wines, production, total
mil. proof gal__
Whisky
do _ _
Wines and distilling materials:
Effervescent wines:
Production
mil. wine gal
Taxable withdrawals.. .
__do
Stocks, end of period
. __ ___do_ .
Imports
- __do
Still wines:
Production
.
_
. do. _
Taxable withdrawals..
_do._
Stocks, end of period
do
Imports
.
do
Distilling materials produced at winerles...do
401.45
280. 04
451. 59
2
49. 58
r
13.34
12. 51
13.98
14 79
13 88
14 18
12 35
11 90
13.48
11 22
10.61
13.20
12 15
11. 59
12.74
12 44
10 86
13.38
11 89
11 00
13.33
11.83
18.85
16 97
16.24
13.09
15
29
02
48
32.34
20.59
802. 92
8.71
36.86
23. 91
797. 38
12 72
39.55
20 72
794. 63
11 75
53.11
18.94
793. 87
12 59
17 56
787. 91
7 98
7 97
1 90
6 03
6 31
3°
18
811
7
4
04
97
39
10 87
760. 46
6 05
5 41
12.81
752. 70
7. 13
8 82
15 78
744. 94
10 83
7 87
13 22
739. 59
10 01
8 06
11. 19
737. 39
10 70
6 45
10 10
733. 65
6 71
10.26
4.36
8 48
3 54
8 18
3 92
10 08
3.98
11 38
4.96
9 71
4 48
9 51
3.58
7 29
2 87
1.43
1.20
9.65
.12
.86
1.52
8.95
.13
1.51
.91
9.49
.08
2 14.
1 05
10 45
07
1 58
1 42
10.52
14
1 84
2 85
9.42
9
1 57
1 12
8 30
18
7 14
24.30
366. 37
4.00
8.82
24.24
347. 15
3.65
7.78
25.13
325. 14
3.98
8.97
22.40
306. 45
3.91
8 97
9
1 69
287 46
3 83
62 87
24 32
319. 58
3 44
162 20
29. 97
440. 94
3 91
70 10
26 66
473. 10
5 28
1 41
27 86
451. 77
5 34
6.01
2.72
3.87
6.12
13 24
80.01
143. 25
38.40
24.37
9.74
70 4
97 8
.788
KQ Q
.863
57 0
39' 6
.900
66 6
r 70 n
.950
64 8
15 1
1.042
83 0
10 9
1. 095
94 3
9 3
.878
85 4
16 9
.824
273.2
170.7
249.9
153 0
226 3
133 8
213.0
115 6
218.6
120.7
210.9
117 0
238.1
135 6
249. 0
149 3
241.2
149 7
473. 7
408 9
0 6
r 477 i
' ^
r 491 9
r 359 9
367 8
307 0
15 2
388 3
398 6
19 7
T 379 9
13 4
362 4
303 2
11 9
359 8
299 6
10 1
1 006
1 030
1 119
1 164
1 169
1 l^9
1 182
1 082
2
10
770.
7
05
2 61
7.91
35
9 00
2 61
8 75
30
9
9
24
429.
4
13
04
13
85
68
3 31
DAIRY PRODUCTS
Butter, creamery:
Production (factory) J
Stocks, cold storage, end of period.. .
Price, wholesale, 92-score (N.Y.)_.
Cheese:
Production (factory), total}
American, \vhole inilkj
__
mil. lb_
.do
$ per lb_.
100.9
66.7
.704
264. 2
168.4
r
453. 1
r 390 8
9 0
88.3
99. 6
.706
r
r
243.4
152. 9
494.0
Stocks, cold storage, end of period
do
367.8
458.5 r 448. 1 r 441. 5
420.8
American, whole milk
do
307. 0
393. 6 r 386. 2 r 380 2
Imports
. .
._ . _
. do_ _ 315.6
179. 5
8.4
9.4
9 6
Price, wholesale, American, single daisies (Chi.973
1.044
cago)
.
$ per Ib
.952
.946
968
Condensed and evapornted milk:
932.5
75.0
Production, case goodsd* J
- --mil. Ib - 1,035.2
70.2
77.9
Stocks, manufacturers', case goods, end of month
79.2
58.6
54.3
60 3
61.8
or yeard"
mil. Ib
Exports:
.1
1.6
1.8
.2
Condensed (sweetened)
do
.4
40.7
51.6
Evaporated (unsweetened)
do
4.0
3.9
4 5
Fluid milk115,553 115,458
Production on farmst
do
8 781 10,021 10 121
60, 821
Utilization in mfd. dairy products}.
do. _
59, 837
5, 289
4.657
5,510
8.34
8.72
Price, wholesale, U.S. average
$ per 100 lb._
8.13
8.28
8.09
Dry milk:
Production:
67.7
63.4
Dry whole milk}
.
._
mil. Ib
3.4
3.9
3.4
1,019.9 1, 024. 9
Nonfat dry milk (human food)}...
do, _
81.6
95.8
111.5
Stocks, manufacturers', end of period:
6.4
5.6
Dry whole m i l k
.
. do.
7.5
6.0
5.0
134. 6
47.1
Nonfat dry milk (human food)
do
113.6
114.4
1C8.5
Exports:
45.2
35.5
Dry whole milk
do
23
4 6
2 6
4
103.2
Nonfat dry milk (human food)
do
6.7
.2
14 5
Price, manufacturers' average selling, nonfat dry
.586
.633
milk (human food)
$ per lb._
.605
.610
.607
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat), _.mll. bu_. 2, 220. 3 2, 528. 4
194.7
186.2
199.7
Barley:
Production (crop estimate)
do
3 304. 1 3 383. 0
228.0
Stocks (domestic), end of period
do
276.9
134.0
On farms
__ _
_ do
125.2
162.0
62.8
Off farms.
. ... _
do
102.7
114.9
71.2
Exports, including malt§
__ do
56.7
31.8
2.8
3.6
2.0
Prices, wholesale (Minneapolis):
No. 2, malting
$ per bu._
3.80
3.53
3.92
4.10
4.20
No. 3, straight
do
3.40
3 60
3 64
3 8°
3 99
Corn:
Production (crop estimate, grain only) .mil. bu_ 34,663.6 35,767.0
Stocks (domestic), end of period, total
do
3, 620. 7 4,431.2
2,214.3
On farms
do
2, 540. 7 3,162.0
1. 509. 4
OfTfnrms
__
do
1,080.0 1,969. 2
704. 9
Exports, including meal and flour... _
do
122.7
103.2
1, 180. 8 1,321.8
125. 2
Prices, wholesale:
No. 3. yellow (Chicago)
$ per bu
3.22
3.12
2. 92
3.02
2.83
Weighted avg., selected markets, all grades
3.14
do....
2.88
2.95
2.90
2.88
Oats:
Production (crop estimate).
.
mil. bu
3613.8
3 656. 9
Stocks (domestic), end of period, total
do
506. 6
325.
7
501. 0
9
On farms . . . . .
do
384. 1
35 «)
407 0
Off farms
do
1" 5
94 0
89 9
Expo r including oatmeal
.do
.5
15 5
2 8
30 0
Price, wholesale, No. 2, white (Minneapolis) f
$ per bu._
1.74
1.72
1.66
1.67
1. 55
r
Revised.
i> Preliminary.
1 Includes Hawaii; no monthly data available for Hawaii.
2
Annual
t o t a l refect? revisions not d i s t r i b u t e d t o the months.
s Crop estimate for the
4
year.
Previous year's crop; new crop not reported u n t i l beginning of new crop year
5
(July for barley and oats; Oct. for corn).
Less than 50 thousand pounds.
d" Condensed
milk included with evaporated to avoid disclosing operations of individual firms.
101.6
85. 1
.705
r
r
r
987
r
r 41 9 ()
T
27 1
r 39^ 9
31 3
96 6
97.1
85 8
73 7
68 7
64 3
74 6
76 2
73 3
84 2
104.0
114 7
96 6
70 9
63 9
58 6
44 5
49 6
3 9
5
.1
4 0
( )
4.3
10 818
6,013
7.98
\
6
3 9
4 7
()
4.9
.1
4.4
4
5 4
.1
34
1
4 2
10,435
5,985
7.94
9 967
5,389
8.19
9 588
4 785
8.56
9 068
4,322
9.16
9 173
4,341
9.66
8 893
4 042
9.99
9 284
4,660
10.30
9 545
4, 975
10.20
7 4
131.4
8.1
126.5
5 2
98 7
55
76 2
4 2
53 2
5.4
50.3
5 3
49 3
6 8
67.1
7 4
67 0
6 7
71 1
7 5
119.2
7.1
111.7
6 7
91.9
7 3
70 3
6 2
48.6
4.4
36.0
36
36 9
5 6
47.1
8 7
43.3
11 0
49. 8
2 8
48 9
33
13 4
2 4
10 7
0 A
2 8
6
36
2
2 7
2
2 9
2
2 2
2
39
5
.605
.607
.607
620
.646
.689
705
.705
.659
.643
147. 2
163.2
173.9
204 1
205.5
264.6
289 2
254.2
231.9
210.7
2 0
10
342.3
215 3
127.0
.4
3.3
1.4
276.9
162 0
114. 9
5.0
1.1
.3
3.51
3.64
3 AA
3.81
3 67
3.71
3 57
3.42
3 26
3.22
3 05
3.04
2 97
2.96
2 78
4,431.2
3,162.0
1 269.2
165.6
153.1
4
4
4
3.4
75.1
29.5
45. 6
1.0
4.09
3 86
3.63
3 38
(5)
o 09
4
4
4
1, 149. 7
804.0
345. 7
81.6
74.1
69.2
2.82
2.91
3.04
2.90
2.86
2.93
4
4
3
1.82
5
9 248
4,830
9. 79
r
89.2
133.0
137.9
136.8
3.13
2.97
2.69
2.76
2.63
2.66
2.74
3.15
2.95
2.73
2.58
2.57
2.63
2.63
4
626. 8
496 1
130 8
19
9 9
501.0
407 0
94 0
9 5
3
4
185. 7
120 4
60 3
2 8
1 138
9
359. 4
191. 3
168. 2
75.3
4
.881
10 250
9.71
3.00
2 98
2.70
1.62
1.59
1.62
1.65
1.67
1.68
1.63
§ Excludes pearl barley.
9 Scattered monthly revisions back to 1971 will be shown later.
t Effective March 1975 SURVEY, data are restated to cover different market. Data for earlier
periods will be shown later.
} Revised monthly data back to 1971 will be shown later.
1.63
1.56
1.69
SUEVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated in footnotes below, data
throuph 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1974
1976
1975
1975
Mar.
Feb.
Annual
April 1976
Apr.
May
June
Aug.
July
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Con.
Rice:
Production (crop estimate)
mil. bags 9
California mills:
Receipts domestic, rough
mil. Ib
Shipments from mills milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of period
mil. Ib
* 112. 4
i 127. 6
1,925
1,359
2,346
1,705
228
186
186
136
186
174
237
196
281
241
158
113
64
61
85
63
377
121
201
119
112
155
102
87
135
138
163
166
124
102
67
68
48
40
192
167
138
116
7,047
4,816
8,461
5,312
702
585
389
546
253
491
136
427
92
357
117
240
945
304
2,462
411
1,548
512
644
411
368
428
378
382
358
407
1,788
3,801
2,150
4,710
1,646
564
1,387
556
1,065
464
73Q
437
429
555
268
248
606
226
1,804
164
2,313
306
2,343
249
2,150
396
2,010
340
1,868
275
.252
.190
.210
.205
.205
.185
.195
.195
.195
.168
.168
.170
.178
.155
.155
.135
i 19.3
12.0
2.99
i 17.9
9.7
2.78
2.80
8 2
2.48
2.74
2.68
25.8
2.47
2.58
2.97
15.7
3.08
2.98
2.83
9.7
2.72
2.76
2.84
2.89
i i 7Q6
1406
1 1, 390
1 690
i 2, 134
M83
i 1,651
1,859
do
do
_do
1, 107. 5
446.4
661 2
1,384.9
546.5
838 4
do
do
944.0
919.4
1, 158. 2
1,134.5
72 9
71.3
66.5
65.2
78.2
77.0
69.4
65.3
79.8
77.2
102.2
99.7
113.5
111.2
127.2
125.5
125.3
123.6
119.2
117.8
93.6
92.3
92.6
91.6
73.3
72.4
5.24
4.74
4.60
3.96
4.47
4.02
4.48
3.78
4.57
3.76
4.41
3.45
4.25
3.40
4.66
4.01
4.88
4.31
4.99
4.36
4.81
4.29
4.57
3.92
4.32
3.79
4.34
3.81
4.57
4.08
4.58
4.01
5.53
4.84
5.00
4.78
4.94
4.96
4.39
4.69
5.08
5.01
5.10
4.64
4.29
4.35
4.51
4.49
247, 080
4, 485
555, 891
17,653
321
39,746
19,054
349
42,833
20,599
378
46,375
20,361
371
45,718
19, 631
361
44, 375
21,156
384
47,430
21,705
398
49,017
22,681
409
51,162
24,129
432
54,067
20, 113
360
45,241
20,532
368
46,000
21, 452
381
48, 112
3,907
10, 178
715
4,755
577
516
1,718
4,434
1,119
1,084
999
4,140
753
735
588
3,907
555
423
379
10. 552
9. 365
11. 025
9.938
10. 388
9.125
10. 363
8.975
9.863
8.550
9.550
8.088
10. 213
8.938
10. 513
9.363
11. 238
10. 213
11.163
10.113
10. 675
9.650
10. 150
8.988
10. 150
8.963
10. 213
9.350
2,355
33, 319
3,896
36, 903
250
2,778
276
2,826
284
2,889
270
2,851
276
2,898
344
3,084
345
3,141
385
3,319
443
3,584
358
3,116
381
3,267
369
3,403
327
3,032
41.89
36.49
46.19
44.61
33.42
s 34. 38
34.74
26.80
36.50
36.08
27.86
38.00
42.80
30.73
37.00
49.48
34.87
37.00
51.82
33.52
31.50
50.21
30.69
46.80
32.93
28 50
48.91
35.98
47.90
36.74
45.23
36.77
30 00
45.01
37.79
41.18
36.66
38.80
36.95
64, 928
5,540
5,751
6,361
5,376
5,077
4,659
4,627
5,217
5,379
5,084
5,508
5,400
4,873
47.65
39.23
39.22
40.32
45.78
50.28
55.70
56.80
61.19
58.76
49.78
48.36
48.23
48.92
46.76
M7.0
13.4
14.3
14.7
17.0
17.6
19.9
19.0
21.2
22.1
21.0
20.0
19.5
19.3
18.2
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
mil. lb._
Shipments from mills milled rice
do
Stocks, domestic, rough and cleaned (cleaned
bnsis) end of period
mil Ib
Exports
do
Price, wholesale, No. 2, medium grain (Southwest Louisiana) .
-.
-_$perlbRye:
Production (crop estimate)
mil. bu
Stocks (domestic) end of period
do
Price, wholesale, No. 2 (Minneapolis) _.$ per bu._
Wheat:
Production (crop estimate), total
Spring wheat
Winter wheat
Distribution
Stocks (domestic), end of period, total
On farms
Off farms _ _ .
Exports total including
Whoat only
flour
mil. bu
do
do
do
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu_.
No. 2, lid. and dk. hd. winter (Kans. City) do
Weighted avg., selected markets, all grades
$ per b u _ _
Wheat flour:
Production:
Flour
thous sacks (100 Ib )
242, 157
OfTnl
thous sh tons
4,323
CJrlndlngs of wheat
thous bu
542, 904
Stocks held by mills, end of period
thous. sacks (100 lb.)..
4,499
Exports .
._ _
do ._
10, 563
Prices, wholesale:
Spring, standard patent (Minneapolis)
$ per 100 lb_. 11. 887
Wlnter, hard, 95% patent (Kans. City). .do
11. 059
446
335
661 9
273 9
388.0
2 326. 6
2 132. 3
2 194. 3
571
507
1, 384. 9
546.5
838.4
, 891. 1
762.1
, 129. 0
10.713
9.563
LIVESTOCK
Cattle and calves:
Slaughter (federally Inspected):
Calves
.
_ __
thous. animals
Cattle
do
Prices, wholesale:
Beef stoers (Omaha) f
SperlOOlb..
Steers, stocker and feeder (Kansas City)._do
Calves, vealers (Natl. Stockyards, Tll'.)__do
Hogs:
Slaughter (federally Inspected).., thous. animals.. 77, 071
Prices:
Wholesale, average, all grades (Sioux City)
$ per 100 Ib.. 34.75
Hog-corn price ratio (bu. of corn equal In value
to 100 Ib. live hog) _ _
412.2
Sheep and lambs:
Slaughter (federally inspected)., thous. animals..
8,556
Price, wholesale, lambs, average (Omaha)
$ per 100 lb._
39.76
7,550
570
648
627
615
614
635
621
758
701
515
584
582
513
44.68
40.50
45.12
48.88
50.75
46.12
45.00
41.00
44.12
44.00
45.00
48.13
49.33
47.75
34, 572
2,762
2,845
2,966
2,751
2,704
2,697
2,716
2,940
3,164
2,846
3,011
3,128
'•SIS
149
'518
73
157
'571
76
135
668
79
168
675
82
112
672
85
175
674
93
117
36.14
38.82
51.25
MEATS
Total meats:
Production (carcass weight, leaf lard in), Inspected
Stocks (excluding lard), cold storage, end of
period
mil Ib
Exports (meat and meat preparations)
do
Imports (meat and meat preparations)
do
Reef and veal:
Production Inspected slaughter J
do
Stocks, cold storage, end of period
_do
Exports _
_ _ __
_ ._ _ _ do _
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-70J Ibs.) (East Coast)
$ per Ib
Lamb and mutton:
Stocks cold storage end of period
Pork (Including
slaughter J
lard),
production,
do
Inspected
mil Ib
36, 330
803
714
1,634
675
864
1, 694
794
67
131
r 777
75
145
'•SOI
65
125
'726
79
111
''654
64
135
'578
70
148
21,222
415
53
1,191
22, 118
360
46
1,304
1,714
400
4
102
1,762
'397
3
110
1,762
'360
4
91
1,728
319
3
80
1,733
r 297
107
1,802
r
277
2
113
1,841
'267
3
122
1,938
'262
2
126
2,126
'281
5
99
1,842
330
7
133
1,922
360
7
79
2,072
362
7
132
369
6
88
.691
.760
.603
.611
.826
.821
.880
.849
.801
.824
.791
.764
.757
.700
.651
440
14
386
12
30
11
34
9
32
10
30
9
30
31
9
31
10
38
11
36
11
27
12
31
12
32
11
11
1,172
1,018
1, 049
12, 068
14, 688
Revised.
i Crop estimate for the year.3 2 P revious ye ar'scrop; new crop not repc rted
<Efu n t i l July (beginning of new crop year).
Avera ge for Jan .-June, Atig., and SIov.
9 Ba gsof
foctive with June 1975 SURVEY, average represents ' 'market" year (Dec -Nov.).
r
.603
1,024
977
1,002
1,058
845
864
963
942
992
100 11OS.
t Effective Septem ber 1975 SURVEY data ar e restated to cover different price
t S mattered monthly
(900- 1100 Ibs. only). IData for earlier p eriods w ill be sh own later.
revis ions bacli to 1971 are avail able upo n. request
SUEVEY OF CURRENT BUSINESS
April 1976
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
1974
1975
1975
Annual
S-29
Feb.
Mar.
Apr.
June
May
1976
Aug.
July
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
MEATS— Continued
Pork (excluding lard):
Production inspected slaughter
mil Ib
Stocks cold storage, end of period _, _ do
Exports
do
Imports
do Prices, wholesale:
Hams smoked composite
$perlb_
Fresh loins, 8-14 Ib. average (New York) ._do
POULTRY AND EGGS
Poultry:
Slaughter (commercial production),. _ _ _ m i l . Ib _
Stocks, cold storage (frozen) , end of period, total
mil. lb_.
Turkeys
do
Price, in Georgia producing area, live broilers
$ per lb_.
Eggs:
Production on farms, - _ _ _ . _ _ _ _mil. casesO
Stocks , cold storage, end of period:
Shell
thous. casesO
Frozen
- - mil. Ib _
Price, wholesale, large (delivered; Chicago)!
$ per doz-
922
876
842
773
755
861
896
284
- 230
- 186
- 190
- 222
17
30
864
269
19
28
943
249
22
27
1.079
.974
1.170
1.103
1.177
1.060
1.134
1 109
1.016
967
942
978
1,067
834
914
857
758
-392
470
328
542
-410
-600
-472
-406
-286
314
195
300
187
-269
r IQO
250
140
.305
.295
.285
.250
.240
.255
.255
14.6
15.1
14.8
15 2
15 3
14 4
72
51
55
47
40
42
-22
36
13
32
r 21
.597
.633
.591
.668
.738
.709
.642
12 5
.780
17.4
.775
21.5
.775
18.6
.685
33.0
.760
33.9
.735
16.4
.755
1,664
294
1,744
146
274
12 856
307
104
362
10 724
249
207
327
900
300
11
25
2 678
.786
.882
. 991
.815
10, 706
10, 434
676
736
825
831
884
456
275
314
195
407
240
'367
207
-340
r
180
-316
- 163
-345
193
6.267
.250
.240
.235
.250
.280
.325
.295
178. 8
13 9
15.3
14.7
15.1
14.5
15 0
15.0
36
54
- 22
36
48
51
32
47
26
- 43
68
45
82
48
- 84
- 52
80
52
.598
.594
.574
.607
.516
.513
.517
. 539
221 1
.982
233 0
.759
17 3
.888
21 7
.848
17 9
.755
17 4
.595
18 7
.625
16 6
.730
3 003
18 569
3 565
18 583
6.211
6 183. 6
6
747
r
289
24
31
1,043
-345
10
29
743
.716
.816
.798
-324
r
13
26
19
23
787
.948
T
801
.994
23
28
859
1.122
r 949
22
20
953
19
26
906
236
17
36
905
1 . 069
223
97
23
840
1.028
29
861
.986
27
28
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao)
beans:
Import 0 (incl shells)
thous Ig tons
Price, wholesale, Accra (New York)
$ per Ib.
Coffee (green) :
Inventories (roasters', importers', dealers'), end
Roastings (green weight)
do
Imports total
do
From Brazil
do
Price wholesale Santos No 4 (N Y ) $ per Ib
Confectionery manufacturers' sales
mil $
289
748
678
830
1 656
253
680
950
331
433
356
4 620
6 895
1 150
5 153
11 273
11 237
2 800
10 133
9 980
9 712
2 970
2 836
sh tons
62 734
205 989
2 307
2 516
thous sh tons
do
do
3 5 774
1,414
3 705
199
54
4
222
62
5
Fish:
Sugar (United States):
Deliveries and supply (raw basis):§
Production and receipts:
Production
thous sh tons
Entries from off-shore total 9
do
Hawaii and Puerto Rico
do
Deliveries total 9
For domestic consumption
Stocks raw and rcf end of period
Exports* raw and refined
Imports:
Raw sugar total 9
From the Philippines
Refined sugar total
do
do
do
Prices (New York):
Raw, wholesale. . _ .
. .. $ per Ib Refine/1 :
Retail (incl N E New Jersev)
$ per 5 Ib
Wholesale (excl. excise tax)
$ per Ib-Tea, imports
- 19 248
2 725
thous Ib
702
2 771
(4)
20
3
i
2
2 673
4 713
(5)
(5)
613
148
1 535
1 448
1,587
1,299
391
2,533
543
1,784
418
123
141
195
183
168
245
300
316
251
241
259
305
one
or>7
307
314
335
351
356
334
195
107
92
119
164
789
1,138
1,263
862
961
932
916
909
1 415
767
759
2,088
2,712
0, 814
9,707
447
118
33
201
21
61
1 365
277
244
291
207
9
02
366
QQfi
OAK
297
183
191
552
549
693
084
832
809
2 521
300
54
4
3, f65
4,658
3,851
4,743
2 872
4 469
1 736
473
1 626
1 868
.740
883
875
769
760
1 946
1 205
1 174
1 275
1 005
2 299
1 03°
936
930
958
17 648
27 288
48 067
17 501
27, 250
293
450
0
3
403
289
226
1
596
75
9
194
.225
.175
.152
.155
.156
.154
.150
.164
1 470
.268
1 796
.283
1.611
.232
1 574
.205
1.419
.207
1.383
.194
-1.347
.209
1.352
.203
.221
9 915
11 276
12, 404
17, 594
13, 940
11,843
11,842
12, 309
870
852
0
3
o
1
996
9
r
3, 171
p 3, 199
8,789
5, 972
7,860
225
220
0
4
287
28
32
24
.289
.229
.388
.300
282
.195
.148
1 680
.320
1 986
.311
2 858
.479
2 679
.410
2 285
.361
2 061
.319
1 650
. 259
3 178, 326
159 467
12 200
15 486
13 648
14, 694
3 712 6
124 7
278 7
119 5
280 4
117 0
307 9
288.9
112.9
9
121 1
68 f»
113 7
°85 1
103 0
999 Q
88 7
331.2
93.0
402 8
100.2
337 1
105.6
332.3
124.7
-331.2
-114.5
320 4
121.0
3, 964. 3
90 8
310.6
81 8
319.2
93 9
329 2
97 6
316.5
95. 1
326.3
76 9
345 4
79 4
344.2
71 8
330.4
73.3
368.7
89 1
326.2
104 5
324. 5
90. 8
-341.9
-87.0
336.3
104.2
9 399 3
60 1
201 2
72 5
198 7
65 8
181 7
75 8
183 0
64.4
180 6
63 6
173 7
66 6
178 7
52 6
216 6
58.6
212 8
60 2
219 7
64 8
241 6
60 1
-265
1
r
66. 9
256 1
80 7
.525
.619
.576
.544
.502
.494
.486
.486
.503
.490
.490
.490
575 8
665 0
33 4
519 9
649 7
37 8
52 7
62 6
40.0
54 2
69 1
32 1
46 8
68 9
25 7
40 8
55.9
23.7
35 3
449 3
2 2
33 8
46 1
22 1
34 6
44 8
24 2
36 2
49 6
23.9
42 1
57 2
24 5
37.7
43.2
33.4
5 596 6
3 099 2
380. 3
4 651 5
9 9f)g 4
276.6
399 o
231 8
361.7
433 0
234 8
327.6
405 2
371 5
237 4
288.5
358 3
354 5
230 7
256. 2
9
347
9
36 9
257. 4
363 9
250 7
308.0
397 3
277 1
283.2
350 5
228 3
288.1
12 170
FATS. OILS, AND RELATED PRODUCTS
Baking or frying fats (Incl. shortening):
Production*
mil Ib
3 702 8
Stocks, end of periods
do
134 1
Salad or cooking oils:
Production^
_ _ . __
, do
4,110.6
Stocks end of period®
do
96 5
Margarine:
9 397 7
Production!
do
Stocks, end of period©
do
64 3
Price, wholesale (colored; mfr. to wholesaler or
large retailer; delivered)
$ per l b - _
.512
Animal and fish fats:
Tallow, edible:
Production (quantities rendered) t
mil Ib
Consumption in end products^
do
Stocks, end of period f
do
Tallow and grease (except wool), inedible:
Production (Quantities rendered)"1"
do
Consumption in end products!
do
Stocks, end of Deriodf
_
do _
93S 0
318.0
r
2
Revised.
p Preliminary.
1 Average for Jan. and Feb.
Because of a change in
specification, effective June 1974, prices are not
comparable with those for earlier periods;
3
the 1974 average is for 7 mos. (June-Dec.).
Reflects6 revisions not av; liable by months.
4
Less than 500 sh. tons.
s Series discontinued.
Effective with June 1975 SURVEY,
average represents "market" year (Dec.-Nov.).
A Monthly revisions for Jan.-Aug. 1974
are available.
939 6
242. 5
.448
.436
42.6
45.3
37.8
57.9
- 49. 6
-38.1
56.3
51.4
43.2
49 90 6
4<) 4
276. 6
-442 5
- 259 4
- 275. 1
421 1
258 9
288.2
r
.431
O Cases of 30 dozen.
cfBags of 132.276 Ib.
§ Monthly data reflect cumulative revisions
for prior periods.
9Includes data not shown separately: see also note "§".
©Producers' and warehouse stocks.
^Factory and warehouse stocks.
tBegiuning June 1974
SURVEY, prices are for cartoned, white, shell eggs to volume buyers, delivered to store door,
Chicago metropolitan area, and are not comparable with those shown previously. Comparable
data back to 1969 are available.
{Monthly revisions back to 1972 will be shown later.
SURVEY OF CUREENT BUSINESS
S-30
1974 | 1975
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
Annual
April 1976
1975
Feb.
Mar.
Apr.
May
June
July
1976
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS. OILS, AND RELATED
PROD UCTS- Continued
Vegetable oils and related products:
Coconut oil:
Production, refinedj
Consumption in end products^
Stocks, refined, end of period^§
Imports
mil. Ib
_do
_ do
do
Corn oil:
Production: Crude
do
Refined
- -_ ._
-_ do _.
Consumption in end products^
do
Stocks, crude and ref., end of period^I
do
Cottonseed oil'.
Production* Crude
do
Keflned
^ do
Consumption in end products!
do
Stocks crude and ref end of period H
do
Exports (crude and refined)
do
Price, wholesale (N.Y.)
$ per Ib
Soybean cake and meal:
Production
thous sh tons
Stocks fat oil mills), end of period
do
540.1
726.0
26.6
542.3
716.1
865.3
26.7
869.1
43.1
58.2
26.1
40.5
49.9
68.1
22.6
70.0
53.4
70.7
33 9
53.4
56
67
27
90
1
7
6
8
60
71
26
27
0
8
9
6
59
61
29
38
518.3
500.7
473.0
52.6
458.8
502.6
475.5
39.5
34.6
34.1
34.6
56.2
38.6
43.0
38.1
63.8
37.6
38.9
35.4
71.0
40
38
34
85
6
0
8
6
38
41
37
90
9
0
9
3
1 512.7 1 215.0
1, 262. 7 1,112.6
832.4
660.7
177.4
160.3
606.1
656.5
.410
.322
137.5
125.5
57.9
210.2
67.3
.355
143 4
117.0
58.1
188. 1
96.6
.315
111 6
109.0
56.0
207.9
56.8
.305
105 8
102 4
66 7
173 1
92.6
.265
84 1
93 0
53 8
164 0
17 8
265
18, 543. 2
496.7
Soybean oil:
Production: Crude
_ _
_- .mil. Ib
Refinedf
do
Consumption in end products^
do
Stocks crude and ref end of period ^[ do
Export^ (crude and refined)
do
Price, wholesale (refined; N.Y.)
$ per l b _ -
16,915.8 1,232.3 1,379.5 1,313.9 1, 190 7
508.3
438.4
341.7
524.9
410 8
8, 704. 9 7, 861. 4
6, 811. 5 6,422.5
7, 039. 0 6, 830. 3
673.6
799.9
1, 606. 7
758.0
.366
.286
555.9
468.6
521.2
633.7
71.6
.327 •
68.4
78.5
35 1
178.5
68 2
76.8
26 7
80 4
'70.9
''SO. 3
'36 6
100.7
65.8
78.7
40 0
142.9
40 3
46 4
42.6
52 4
39 8
51.1
47.8
48 4
40.3
46.4
41.0
43.2
35 4
44.5
40.7
39 5
'43.1
44.7
'44.0
r
46. 5
40.0
44.6
38.9
51.3
56 1
73.1
46 7
136 1
28.9
.343
76 3
53.6
51 0
125.5
21.3
.323
101 0
75.5
50.0
153.1
46.7
.293
103 2
97.1
53 6
160 3
36.7
.278
66 1
81 1
28 6
76 3
40 5
38.7
38.0
87.5
35 2
39 5
39.5
65 3
72 3
74.0
56 8
146 2
69.7
.348
76 1
68 0
49 6
126 5
43 7
.378
1 209 3 1,355.1
383 8 359.4
61
75
og
64
0
8
3
6
4
2
o
6
3
8
4
2
77
87
36
101
1 475 6 1 289.9 1,645.2
354.7
368 3 318.8
r
118 1
99.6
45.0
r
'159.7
76.2
.298
116 1
91.1
48.6
187.2
49.3
.318
.323
1,642.1 1 752.8 '1,689.8 1,571.0
386.1
407.3 341.7 '351.5
632.4
497. 1
528.2
647 4
116.1
.301
600.9
497. 0
540.3
662.2
57.6
.296
557 6
467 9
527 4
606 7
72.9
.248
557.8
489 6
531 3
530 6
55 7
.243
623.9
509.3
555.3
544.3
65.3
.304
674.5
550 9
562 8
567 1
13 1
.340
599.8
538.3
604.8
560.6
13.5
.285
783.9
666.9
672.0
568.0
43.8
.266
776.7
617.3
609.2
657.7
78.9
.243
846.7
604.6
624.4
799.9
40.4
.226
'807.4
' 611.9
* 658. 0
'844 8
32.6
.222
753.5
576.3
633.4
909.3
120.2
.220
.224
TOBACCO
Leaf:
1
1, 990
Production (crop estimate)
mil Ib
Stocks, dealers' and manufacturers', end of period
4,457
mil Ib
651,415
Exports incl scrap and stems
thous Ib
2299,946
Imports Incl scrap and sterns
do
4,738
563, 005
320, 318
33, 510
25, 300
4 307
52 483
33, 694
46, 669
26, 144
44, 172
27, 805
3 937
32 073
28 566
23 202
26 390
39 452
25 082
4 312
44 862
25, 229
52, 676
21, 888
73, 908
28, 403
4 738
62 858
18 168
93, 233
28, 373
51,972
32, 314
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
Taxable
Cigars (large) taxable
Exports, cigarettes
62, 279
588 345
4,474
50, 224
4,793
46, 963
354
3,645
4,942
43 968
372
5,155
4,547
51, 838
394
3,313
4 464 4,803
49 171 49 477
417
397
3,623 3 357
5, 667
46 301
347
4,170
5,239
50 378
371
5,294
5,632
52 750
389
4,104
6,383
58, 923
448
5,371
5,293
48 Oil
348
4,165
5,424
42 678
286
4 559
6,009
51,921
319
3,906
6,350
28 968 28 115
197
209
1 965 1,753
34 804
195
2,172
millions
do
do
do
59, 272
576 173
5,009
46, 901
1
2, 184
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value total 9
thous $
Calf and kip skins
thous skins
Cattle hides
thous hides
Imports:
Value, total 9
Sheep and lamb skins
Goat and kid skins
thous $
thous pieces
do
Prices, wholesale, f.o.b. shipping point:
Calfskins, packer, heavy 9H/15 Ib
Hides, steer, heavy, native, over 63 Ib
339 062
2 163
18 428
296 279
2 403
21, 269
77 500
15 732
583
78, 100
15 590
879
6 100
1 603
62
5 100
1 162
46
6 300
1 024
56
7 900
1 668
60
6 200
1 096
72
7 000
1 372
106
7 900
1 311
54
9 000
1 145
32
6,500
849
123
6,000
929
116
.350
.234
.285
.125
.285
.163
.285
.275
.500
.253
.258
350
.253
350
.253
350
.258
350
.280
.350
.308
.450
.263
.550
.315
148 565 2 184 104
12 427
13 574
14 624
16 735
18 473
13 341
16 979
14 714
17 131
16 737
12, 909
14,517
151. 1
125.1
130.9
142.4
146.7
146 7
146 7
163.9
166.8
182.6
182.6
452 955 '433 631
32 274
32 122
33 856
33 745
35 786
36 715 ' 37,395
25 775
5 113
924
310
27 002
5 637
923
294
26 196
6,330
974
245
28 581
6 090
870
245
34 130 '38 322 39 908
28 8^9 30 485 39 04.7
4 338 6 446 6,447
713 1 053
982
432
338
?50
45 446
355 147 '350 281 26 071
85, 502 '68 526
5,021
9 890 '11 357
876
2 416
' 3' 467
306
35 859
8,059
1 191
337
LEATHER
Production:
Calf and whole kip
thous. skins
Cnttle hide and side kip _ thous. hides and kips
Goat and kid
thous. skins
Sheep and lamb
do
16, 824
Prices, wholesale, f.o.b. tannery:
Sole, bends, light
._ index, 1967=100
Upper, chrome calf, B and C grades
index 19f -100
23 361 °2 532 22 965 25 782 94 9^1
9g4
115
166
159
193
1 719 1 551 1 548 1 714 1 678
5 800
1 615
119
.644
.231
thous sq ft
24 553
230
1 834
5 600
1 515
85
$ per Ib
do
Exports:
Upper and lining leather
92 7Q6 24 519 25 093
236
161
174
1 810 1 989 2 045
3
.550
.298
.300
182.6
182.6
189.8
41,291
40, 270
99 447 ' 32 332 34 998
6,017 ' 3, 882 5,005
'945
1,055
'981
'236
233
270
33 663
5,386
970
251
13 889
158.8
4
LEATHER MANUFACTURES
Shoes and slippers:
Production total
thous pairs
Shoes, sandals, and play shoes, except athletic
Slippers _
Athletic
Other footwear ..
Exports
do
do
do
do
Prices, wholesale f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt
index, 1967=100..
Women's oxfords, elk side upper, Goodvear
welt
index 1967-100
Women's pumps, low-medium quality do
3 993
155.1
144 0
127.8
2
4 332
301
402
464
442
406
373
363
349
450
375
369
369
165.0
162.1
162.1
164.6
164.6
164.6
164.6
164.6
168.1
168.1
168.1
168.1
170.5
173.6
175.9
154.3
154 3
154.3
154.3
135.9
156.8
135.9
156.8
135.9
160.0
135.9
151 8
5133 5
150 5
132.3
150 5
150 5
' Revised.
1 Crop estimate for the year, 2 Annual total reflects revisions not distributed to the monthly data.
3 Average for Jan.-May and July-Dec.
< Jan-June and Aug.-Dec.
Jan., Feb., and
Dec.
150 5
150 5
150 5
150 5
9 Includes data for items not shown separately.
U Factory and warehouse stocks.
§ Effective Oct. 1974 SURVEY, data are restated to exclude stocks of crude coconut oil; comparable data prior to Aug. 1973 will be shown later.
J Monthly revisions back to 1972 will be shown later.
SURVEY OF CURRENT BUSINESS
April 1976
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1974
1975
Annual
S-31
1975
Feb.
Mar.
Apr.
May
June
July
1976
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
LUMBER AND PRODUCTS
LUMBER— ALL TYPES 9
National Forest Products Association:
Production total
mil bd ft
Hardwoods
_
do
Softwoods
do
Shipments, total
Hardwoods
Softwoods
.
1 34.463 131,851
6,904
5,506
27,559
26, 345
2,148
336
1,812
2,480
395
2,085
2,779
428
2,351
2,849
435
2,414
2,814
492
2,322
2,797
471
2,326
2,914
511
2,403
2,986
489
2,497
3,147
511
2,636
2,530
49S
2,032
2,500
446
2,054
2,821
451
2,370
133,811
6,583
27, 228
i 32, 125
5,443
26, 682
2,164
322
1,842
2,507
389
2,118
2, 843
443
2,400
2,820
456
2,364
2,739
459
2,280
2,820
444
2,376
2,851
505
2,346
3,061
510
2,551
3,097
516
2,581
2,689
514
2,175
2,647
433
2,214
2 762
463
2, 299
do
do
do ___
5,109
780
4,329
4,835
843
3,992
5,123
874
4,249
5,064
842
4,222
5,000
827
4,173
5,052
806
4,246
5,124
836
4,288
5,101
863
4,238
5,165
870
4,295
5,090
849
4,241
5,140
844
4,296
4,982
829
4,153
4,835
843
3,992
4,894
831
4,063
do _
do
1,668
7,249
1,643
5,968
112
377
233
536
130
571
113
589
125
671
155
677
151
431
142
422
126
388
131
415
131
552
132
477
147
527
mil. bd ft
. do _
7,367
316
7,651
550
508
443
728
543
635
567
598
462
674
509
682
581
551
532
724
549
693
551
642
592
559
550
721
601
660
638
do
do___
do
7,777
7,730
982
7,338
7,417
903
550
562
1,028
608
628
1,008
599
611
996
684
703
977
654
627
1,004
590
610
984
619
600
1,003
715
707
1,011
688
691
1,008
548
601
955
549
601
903
711
670
944
666
623
987
do
do
do _
598
158
440
505
125
398
30
5
25
45
11
34
52
14
38
32
8
24
38
11
27
53
11
43
55
15
40
44
13
31
35
9
26
46
10
36
50
11
39
48
20
28
41
8
33
158. 84
158. 88
146. 90
147. 29
156. 60
169. 67
161. 54
165. 47
169. 76
166. 79
160.09
157. 56
166. 40
175. 43
178. 29
mil. bd. ft
_ _ _ _ -do__-
i 6, 699
344
i 7, 074
453
511
383
599
431
629
427
533
403
569
401
627
391
647
408
583
381
709
378
638
405
620
453
593
453
do _
do
i 6, 921
i 6, 960
i 6, 790
i 6, 965
460
501
549
551
615
633
606
557
586
571
615
637
609
630
599
610
700
712
584
611
538
572
636
593
1,309
1,134
1,217
1,215
1, 197
1,246
1,261
1,239
1,218
1,207
1,195
1,168
1,134
1,177
76, 276
67, 502
3,509
3,115
7,593
5,244
5,175
6,414
3,930
7,595
4,699
7,445
9:591
8,576
__
do
do
do
Stocks (gross), mill, end of period, total
Hardwoods
Softwoods _ _ _ _
Exports, total sawmill products
Imports total sawmill products
SOFTWOODS
Douglas fir:
Orders now
Orders unfilled, end of period
Production
Shipments
Stocks (gross) mill, end of period
_
Exports, total sawmill products
Sawed timber
Boards, planks, scantlings, etc.
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$per M bd. f t _ _
Southern pine:
Orders, new
Orders, unfilled, end of period
Production
Shipments
_ _
Stocks (gross), mill and concentration yards, end
of period
__mil. bd. ft.
Exports, total sawmill products
M bd. ft
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1967=100..
Flooring, C and better, F, Q., 1" x 4", S. L.d"
1967=100..
184. 90
11, 346
188.4
166.6
147.9
150.8
160.5
174.0
174.7
174.5
170.8
171.5
171.4
176.5
182.0
190.5
198.6
217.7
229.2
226.9
228.5
230.7
230.7
231.8
230.7
225.2
225.2
225.2
220.9
222.0
223.0
227.4
228.5
231.8
8,788
392
8,867
538
507
441
663
496
791
523
720
470
748
484
869
546
740
513
936
560
838
542
725
559
743
538
751
584
725
578
do _
do
8,973
8,952
8,599
8,721
505
537
612
608
753
764
794
773
735
734
805
807
823
773
852
889
895
856
654
708
706
764
695
705
715
731
do.__
1,344
1,222
1,269
1,273
1,262
1,283
1,284
1,282
1,332
1,295
1,334
1,280
1,222
1,212
1,196
Price, wholesale, Ponderosa, boards, No. 3, I" x
12", R. L. (6' and over) .
$ per M bd ft
151. 38
131. 97
132. 83
150. 35
154. 31
173. 62
170. 71
145. 95
141. 17
131. 78
128. 87
127. 30
154. 01
177. 50
108.3
2.5
123.9
104.2
4.5
93.8
9.9
4.6
8.6
4.9
9.1
4.5
8.0
3.8
7.6
3.2
8.6
2.9
9.3
2.6
8.0
3.0
9.4
3.3
8.3
4.4
8.8
4.5
12.6
6.7
8.4
5.4
108.5
19.2
98.8
12.5
6.6
8.1
17.4
7.1
8.2
16.3
8.9
9.4
15.4
8.5
8.3
15.7
8.0
8.1
14.9
9.2
8.2
15.9
8.4
9.0
15.4
7.9
7.4
15.8
8.5
8.7
15.7
6.2
7.2
14.7
7.0
8.3
12.5
8.0
10.4
10.2
8.4
9.2
9.6
Western pine:
Orders, new
Orders, unfilled, end of period
Production
Shipments
mil. bd. ft
do
__
_
Stocks (gross), mill, end of period
198.52
HARDWOOD FLOORING
Oak:
Orders, new... ___
__ _ mil. bd. ft
Orders, unfilled, end of period
do
Production...
_ _ _ _ _ __
Shipments
Stocks (gross), mill, end of period _ _ _ _
do
do
do
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products...
_ thous. sh. tons
Scrap
.
do
Pig iron
do
Imports:
Steel mill products
Scrap _ . _ _
_ _
P i g Iron
5,833
8,696
101
2,953
9,608
60
257
685
7
282
779
10
270
871
13
268
1,065
6
256
1,005
4
264
843
2
271
809
2
202
771
3
228
657
4
185
757
4
182
646
3
150
676
6
177
654
4
15, 970
246
355
12, 012
373
494
1,192
16
26
1,153
20
35
959
27
92
856
27
47
927
55
9
805
53
31
748
28
27
697
34
29
818
32
53
903
21
51
1,153
37
33
1,007
77
44
966
26
44
thous. sh. tons.. i 55, 250
do
151,335
do
1105,483
do
i 8, 408
i 45, 942
i 36, 728
i 82, 177
r
8, 860
4,087
3,344
7,785
7,597
4,376
3,635
8 ~"9
7
4,231
3,428
7,488
7,559
4,000
3,219
6,879
7, 920
3,664
3,008
6,324
8,279
3,411
2,443
5,748
8,403
3,581
2,421
6 135
8,243
3,792
3,017
6,703
8,415
3,912
3,292
6,815
8,791
3,388 ' 3, 505
2,808 r 2, 725
6,212 r 6, 133
8,792 ' 8, 860
^3,746
p 3, 067
^6,916
P 8,717
70.83
72.50
81.13
83.50
80.47
84.50
82.06
81. 50
82.35
82.50
68.61
69.00
56.04
56. 50
64.89
65.50
74.34
77.50
63.54
63.00
59.12
61.50
60.42
64.00
65. 14
74.50
.
_ _ _ _ _
_ _ _ _ _
do
do
do
Iron and Steel Scrap*!
Production
Receipts, net .
Consumption
_ _ __ _
Stocks, end of period
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ p e r l g ton
Pittsburgh district
. do
r
106. 22
104. 20
Revised.
p Preliminary.
i Annual data; monthly revisions are not available.
9 Totals include data for types of lumber not shown separately. tf Through March
1971 data are for flooring, B and better. F.G., 1" x 4", S.L., beginning April 1971, they are
for flooring, C and better, F.G., 1" x 4", S.L.
72.09
80.50
80.98
86.00
^1 Effective Jan. 1975, data reflect expanded sample and exclusion of direct-reduced or
prereduced iron.
SURVEY OF CURRENT BUSINESS
S-32
1974
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1976
1975
1975
Annual
April 1976
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
METALS AND MANUFACTURES—Continued
IRON AND STEEL-Contimied
Ore
Iron ore (operations in all U.S. districts):
Mine production
thous Ig tons
Shipments from mines
do
Imports
do
184,676
i 85, 256
48, 029
80, 316
76, 561
46, 742
5,319
2,421
2,712
5,823
2,437
2,975
6,619
5,906
4,019
8,005
8,454
4,027
8,023
9,455
4,738
7,682
9,070
4,692
8,013
9,116
3,472
7,471
7,645
4,534
6,160
6,850
4,226
5,765
5,796
3,062
5,801
5,277
4,039
5,413
2,578
2,703
1,645
U.S. and foreign ores and ore agglomerates:
Receipts at Iron and steel plants
do
Consumption at Iron and steel plants
do
Exports
do
128, 306
129, 078
2,323
112, 718
106, 230
2,538
5,205
9,539
9
5,684
10, 672
95
8,944
9,781
152
12, 989
9,182
297
12, 583
8,531
232
12, 495
7,825
232
11,342
7,949
192
10,118
8,419
300
9,423
8,279
395
8,571
7,958
333
8,375
8,326
203
3,916
8,849
1
4,111
8,923
2
do
do
do
do
57, 662
9,143
45, 247
3,272
68, 113
11, 268
52, 231
4,614
54, 949
13, 422
38,468
3,059
52, 877
16, 803
33, 480
2,588
52, 299
17, 444
32,644
2,211
55, 750
17, 014
36, 450
2,286
57, 594
14, 299
40, 527
2,768
61, 166
12,916
45, 197
3,053
63, 855
11,723
48, 676
3,456
66, 095
11, 549
50, 376
4,170
66, 600
10, 859
51,521
4,220
67, 265
10, 786
52, 133
4,346
68, 113
11, 268
52, 231
4,614
66, 855
14, 696
47, 298
4,861
42, 485
4,448
do
851
1,033
40
108
138
116
84
77
83
51
112
43
98
101
39
95, 909
79, 923
i 96, 792 i 79, 654
1763
1,427
7,135
7,248
656
8,071
8,050
766
7,432
7,398
828
6, 990
6,915
886
6,239
6,236
944
5,968
5,884
1,059
6.031
6,049
1,120
6,245
6,286
1,300
6,292
6,298
1,333
5,981
5,958
1,387
6,234
6, 636
"6,210 * 6, 675
v
1,453
"1,427
6,754
7,519
182. 38
182. 38
9,907
80.1
11, 294
85.4
Stocks total end of period
At mines
At furnace yards
At U S docks
Manganese (mn. content), general Imports
Pig Iron and Iron Products
Pig Iron:
Production (excluding production of ferroalloys)
thous. sh. tons
Consumption
do
Stocks end of period
do
Price, basic furnace 1f
$ per sh. ton.
Castings, gray Iron:
Orders, unfilled, for sale, end of period
thous. sh. tonsShlpments, total
do
For sale
do
Castings, malleable Iron:
Orders, unfilled, for sale, end of period
thous. sh.tons.
Shipments, total
do
For sale
do
1
122. 61
181. 76
179. 88
179. 88
182. 38
182. 38
182. 38
182. 38
182. 38
182. 38
182. 38
182. 38
182. 38
182.38
1,416
15, 661
8,664
••994
'12,445
" 6, 435
1,380
997
535
1,393
1,084
567
1,249
1,144
575
1,137
1,048
535
1,094
1,019
512
1,105
858
459
1,096
972
526
1,006
1,106
577
969
1,202
614
902
1,003
496
"994
"934
"463
951
1,059
507
133
912
553
'64
730
430
112
59
33
103
55
34
91
63
37
87
62
36
81
61
35
80
50
29
81
57
36
72
66
39
72
73
44
69
59
35
"64
59
35
66
65
37
116, 783
76.1
10, 862
11, 980
10, 667
9,864
8,744
8,370
8,648
9,295
9,214
8,709
8,846
9,835
74.4
'748
"1,927
"1,575
1,424
160
134
1,295
181
146
1,232
183
147
1,133
174
138
1,081
165
132
1,034
132
106
957
126
103
881
161
128
831
176
143
786
145
119
"748
"142
"122
719
157
130
79, 957
6,978
7,204
6,955
6,394
6,178
5,757
6,327
7,632
6,377
5,703
6,071
7,246
6,840
360
319
550
156
Steel, Raw and Semifinished
Steel (raw):
Production
thous. sh. tons.. 145,720
Rate of capability utilization*
percent
Steel castings:
Orders, unfilled, for sale, end of period
thous. sh. tons,
1,527
Shlpments, total
do
2,091
For sale total
do
1,739
Steel Mill Products
Steel products, net shipments:
Total (all grades)
thous. sh. tons_. i 109,472
By product:
Semifinished products
do
5,509
Structural shapes (heavy), steel piling
do
7,210
Plates
do
10, 919
Halls and accessories
do
1,785
3,910
5,121
8,761
1,965
334
515
855
160
374
594
939
175
330
566
904
184
319
446
859
184
292
381
705
172
279
343
643
171
291
380
618
146
351
412
685
157
324
325
589
152
284
297
516
146
296
319
559
152
317
307
552
160
do
do
do
do
i 18, 514
11, 061
i 5, 089
2,251
13, 367
8,146
3,666
1,486
1,257
800
295
156
1,278
801
321
149
1,197
737
309
145
1,089
648
310
126
990
579
293
113
944
532
310
98
1,034
610
320
99
1,231
776
331
119
1,038
585
342
104
926
549
285
87
912
553
264
89
1,074
675
282
111
1,135
721
294
114
Pipe and tubing
do
Wire and wire products
do
Tin mill products
do
Sheets and strip (incl. electrical), total... do
Sheets- Hot rolled
do
Cold rolled
do
9,844
3,171
7, 528
i 44, 991
15, 774
18, 275
8,229
2,153
5,687
30, 763
11, 222
12, 841
771
182
512
2,390
939
886
820
187
506
2,330
994
823
790
187
422
2,375
897
1,006
740
171
364
2,221
835
948
676
179
465
2,318
846
989
612
148
489
2,128
750
914
624
170
453
2,611
907
1,148
622
192
452
3,532
1,209
1,572
627
203
443
2,677
928
1,148
542
170
388
2,435
819
1,083
530
151
528
2,624
927
1,126
546
182
868
3,240
1,074
1,471
546
188
450
3,136
1,070
1,410
23, 179
12, 270
6,249
18, 928
3,417
6,440
8,218
30, 771
15, 622
8,767
3,927
15, 214
3,152
5,173
6,05?
22, 048
3,615
1,721
870
3,692
718
1,089
1,436
5,014
2 1, 025
2530
2338
2 1,812
2240
2416
2896
2 1, 988
2 1, 096
2536
2 326
21,701
2227
2399
2.480
22,076
34.4
33.9
Bars and tool steel, total
Bars: Hot rolled (incl. light shapes)
Reinforcing
Cold
finished
By market (quarterly shipments):
Service centers and distributors
do
Construction, incl. maintenance
_ do
Contractors' products...
do
Automotive
__
_ _ _ do
Rail transportation
do
Machinery, industrial equip., tools
do
Containers, packaging, ship, materials. ..do.
Other
do
Steel mill shapes and forms, inventories, end of
period—total for the specified sectors:
mil. sh. tons..
Producing mills, inventory, end of period:
Steel in process
...mil. sh. tons
Finished steel
do
Service^ centers (warehouses), inventory, end of
Consumers (manufacturers only):
Inventory, end of period
Receipts during period
Consumption during period
.
do
do
do
35.5
37.5
37.9
37.3
37.0
37.0
36.2
34.8
33.8
33.8
33.9
33.7
8.1
5.6
9.4
6.0
9.9
6.3
10.2
6.4
10.6
6.3
10.8
6.4
10.8
6.1
9.9
5.8
9.7
6.1
10.1
6.3
10.0
6.7
10.0
6.4
7.7
5.6
10.0
6.7
7.4
"6.7
7.9
8.3
8.4
8.0
7.7
7.8
7.6
7.1
6.7
6.6
"6.7
6.7
13.7
81.5
79.0
10.5
58.9
62.1
13.9
5.1
5.0
13.8
5.1
5.2
13.3
5.0
5.5
12.7
4.5
5.1
12.4
4.9
5.2
12.0
4.3
4.7
11.7
4.7
5.0
12.0
5.8
5.5
11.3
5.0
5.7
10.8
4.2
4.7
10.5
4.3
4.6
"10.6
"5.1
"5.0
"Revised.
* Preliminary.
i Annual data; monthly or quarterly revisions are not
available.
2 For month shown.
*New series. Source: American Iron and Steel Institute. The production rate of capability utilization is based on tonnage capability to produce raw steel for a full order book
based on the current availability of raw materials, fuels and supplies, and of the industry's
coke, iron, steelmaking, rolling and finishing facilities. Earlier data are not available.
3,440
2,091
1,003
4,686
686
1,083
1,490
5, 193
3,711
2,375
914
3,776
778
1,345
1,313
5,315
4,873
2,635
1,149
3,045
969
1,649
1,814
6,479
^Effective May 1973 SURVEY, prices are in terms of dollars per short ton.
1975 SURVEY.
10.1
6.7
10.4
5.1
5.3
S-33
SURVEY OF CURRENT BUSINESS
April 1976
1974
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
Feb.
Annual
1976
1975
1975
Apr.
Mar.
Sept.
Aug.
July
June
May
Oct.
Nov.
Dec.
Jan .
Feb.
Mar.
METALS AND MANUFACTURES— Continued
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous sh.tons..
Recovery from scrap (aluminum content)_.do-_.
Imports (general):
Metal and alloys, crude A
Plr.tes, sheets, etc
Exports:
Metal and alloys, crude
Plates, sheets, bars, etc
3 879
1 098
324
82
347
Q7
AK O
457 9
61 0
37 4
31
30 7
3q
9ft7 8
904 Q
185 8
185 4
14 7
197
. 3406
.3979
.3900
.3900
1 3 fififir 9 7gQ
7 425
5 ft9fi 4' 052
1 376
1 760
739 g
569 2
303 8
107 6
fi7^ 7
5 589
5
4
QAO
1 1 1QO
509 0
do...
do~-
Price, primary ingot, 99.5% minimum__.$ per lb.
Aluminum products:
Shipments:
Ingot and mill prod, (net ship.)
Mill products, total
Sheet and plate
Castings
mil. Ib.
do...
do...
do
Inventories, total (ingot, mill products, and
5 999
5 156
scrap), end ol period
mil. lbCopper:
Production:
Mine, recoverable copper
thous. sh. tons i i 597 0 1 411 0
i i 443 4
Refinery, primary
do
1 1 4.9ft Q 1 1 999 Q
From domestic ores
do
1 933 8
144 4
From foreign ores
do-_4.89 0
330 0
Secondary, recovered as refined
do__Imports (general):
Refined, unrefined, scrap (copper cont.)..do._Refined A
do--Exports:
Refinel and scrap A
_do-_Refined
do.-.
Tin:
Imports (for consumption) :
Ore (tin content)
lg. tons
Metal, unwronght, unalloyed
do
Recovery from scrap, total (tin cont.)
do
As metal
do___
Consumption, total
"_~_^do-"!
Primary
do
Exports, incl. reexports (metal)f
do___.
Stocks, pig (industrial), end of period _ . do
Price, pig, Straits (N.Y.), prompt*
$ per lb_
Zinc:
Mine prod., recoverable zinc
Imports (general):
Ores (zinc content)
Metal (slab, blocks)
Consumption (recoverable zinc content):
Ores
Scrap, all types
_ do_
do_...
do__.
do
m
o
1 -1 r
1 9ft 3
91 ft
2 f»
Ifi 9
98
qc o
131
4.3 1
94. Q
qc i
91 3
9fi ft
13 ^
1Q 3
128
511
100
530
1 Q9
.6378
3
1,040
1,065
240
0fift
39.4
1 ft 17ft
3. 6604
41. 8
C Q
6
e
ft13
m
H
q
A
98 ft
.4100
385 4
123 5
fi73
3fi1 0 ^
139 6
811 7 r 961 7
585 4
667 6
312 6 r 3g4 4
116 0 r 122 2
6 014
5 962
6 007 r 5 999
5 962
118 5
104 3
94 7
96
32 0
128 4
111 5
1 1 fi 4.
1 AQ A
Iftfi 4.
Qfi Q
9 c
120 5
114 3
105 8
85
116 6
106 2
97 3
89
28 0
116 0
118 7
107 0
11 7
30 0
80
29 Q
8 4.
21 0
25 3
31 Q
1Q 1
33 5
21 4
38 2
21 5
42 9
33 5
20 4
11 5
9ft ft
17 ^
7
16 4
84
20 5
11 2
16 9
8.5
138
513
149
482
170
162
480
152
460
ICC
1 3^
77
451
90
.6379
.6379
.6379
.6379
.6362
.6362
50 6
55 6
56 3
59 8
48.9
61.0
52 8
53 8
r 50 4
52 0
51 7
4fi ft
10 6
114 7
9Q 1
123 6
20.6
108.9
21 8
108 5
91 9
109 3
18 3
8fi 9
195 1
193 6
188.7
191 4
76 8
121 1
81 2
120 3
90 6
110 5
92 0
114 1
82 8
117 9
79 5
.2000
88 5
.2000
83 8
.2000
87 8
.1946
83 7
.1900
QS9
3 2^2
1,095
105
4 4^ft
3 OCA
3 679
1,180
175
4 680
3' 525
Q
3 719
920
120
4 340
3 365
1 083
3 936
980
125
4 545
3 485
38 1
2
9
Q
0
6
.6248
.6379
12 5
9
A
.4100
.6468
496
594
132
1 nq o
1 OQ 0
1 99 ^
A
1 QC q
m
7
1 Qft 7
OK
109. 3
77 Q
.2450
.2334
.1900
.1900
0
9 349
q o^-i
848
5 777
1,130
195
1,040
205
1,005
3 7Qft
3
1,019
4.9 ftftft
9 490 19 Qlft
3. 3982 3. 7203
.6314
I ff
92.2
.2450
909 0
720 1
408 0
148 7
1 8ft
77
Q7 9
9 3Sfi
10 442
3. 9575
OC A
14. 8
1ftft7
43 664
12,415
2 no
C1 1
/>
Qfi fi
9q
93 ft
9ft 8
39 602
18,897
1 i ggq
1 C1
AC q
xr £
.2450
ft7ft
q
rpl 7
87 8
1 8ft
m
-I
C1 C
.2153
919 7
m
n
136.0
572
1
ftSfi
cq o
or o
o
60
fiQ9 3
4fi 3
.2253
895 6
5
0
4
H
199
94 ft
9Q ft
91 ft
.1956
183
9 3ftft
820
i^
1,050
175
97c
10 81 ^ 11 062 1 ft 874. 9 ft1Q 8 QOQ
3. 5410 3. 4254 3.4248 3. 3332 3. 3185
40. 5
40.5
39.7
37. 1
C
8.5
1 9^8 9
3Q a
39. 3
8
q
1. 6
27. 6
25. 3
(2)
(2)
.2022
498
2 414
5 090
4 135
36 6
37 2
r 4Q 4
41 6
9
58 4
83
53 8
12 1
51 2
62
57 7
98
44 0
97
88
18 8
83
18 6
84
18 7
31 0
46
78 5
36 8
41
81 3
42 0
38
84
1
C2^
A
183
Q
4 005
.1900
44
OOA
17
21
38
9 103 9 727 8 700 9 490 9 247
3. 2277 3. 2195 3. 2403 3. 0302 33.1397 3. 2749 33.4720
12. 1
rOQ r
Slab zinc: §
Production (primary smelter), from domestic
and foreign ores
thous. sh. tons
39. 6
1 78 ^
Secondary (redistilled) production
do
Consumption, fabricators.
do.__ 1 1 987 7
Exports
do
6.9
.9
Stocks, end of period:
i 22. 9
Producers', at smelter (ZI)O
do
86.0
108.0
115.7
67.4
1 78 8
1 4.7 9
1 91ft7
Consumers'
do
Price, Prime Western
_.$perlb-.
.3594
.3893
.3895
.3896 .3911
r
v Preliminary.
i Annual data; monthly revisions are not available.
2 Revised.
Less than 50 tons.
3 gee "*" note.
AEffective Jan. 1974 includes additional items: Aluminum—pipes, tubes, blanks, etc.;
copper—imports of alloyed refined; exports of ores, concentrates, blister, etc.
§ All data (except annual production figures) reflect GSA remelted zinc and zinc purchased
for direct shipment.
©Producers' stocks elsewhere, end of Mar. 1976, 24,400 tons.
AQ9
81 9
1 1fififi
.4100
6
fi 4.
C
50.0
i fii a
.4100
G
6
439
471
131
191 4
.4100
8fi3 9
.6418
1 87 1
.4100
fi4.fi
^
3fiQ
7
Q3 3
.6418
AC C
.4100
g9c 4
.6418
188 6
41
16 7
339 7
IftQ 9
.6416
1 930 8
31 3
14 7
S9Q ^
1 9fi
91 3 fi
1 1 ^QQ 4
44 9
18 0
8ft
-i
3ft8 3
1 09 4
509
CO r
36 8
13 0
74.9 "
513
43 fi
25 2
15 6
57C
118
AOA 7
13 7
17 5
734 4
57c c
296 6
114 6
104
494
196
AAQ A
1 3 fi
.4042
451
192
1 fiQ7 1
47.0
68
.3900
1 455
451
90
2 813
2 647
667
89
.3900
4-1 7
9ft 8
99
36 1
.3900
333 1
172 4
39 ft
Uq
46 3
74
.3900
QAQ Q
0
45 3
74
137
94. 9
3
37 8
8
1 9fi 7
9ft ft
56 4
134.
125. 7
27 0
4.3 ^
(\
15 2
8 fifi
5 940
19Q ft
322
98
C
4
117 6
112 4
16* 6
28 0
319
90
180
nq
thous. sh. tons_
9fi1 3
1ft7 3
310
88
26 7
146 8
.7727
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
thous. sh. tons.
Refiners' (primary), refined and antimonial
(lead content)
thous. sh. tons.
Consumers' (lead content)^
do
Scrap (lead-base, purchased), all smelters
(gross weight)
thous. sh. tons.
Price, common grade, delivered
$ per lb_.
0
311
104
34 9
3 (>
01 q c
2 160
374
Lead:
Production:
Mine, recoverable lead
thous. sh. tons.
Recovered from scrap (lead cont.)
do._Imports (general), ore (lead cont.), metal...do.__
Consumption, total
do__-
3
300
99
25 5
41
31 5
3C
qq/1 A
fift7 7
I Of! C
Consumption, refined (by mills, etc.)
do
Stocks, refined, end of period
..do
Fnbricators'
do.. _
Price, electrolytic (wirebars), dom., delivered
$ per Ib..
Copper-base mill and foundry products, shipments
(quarterly total):
Brass mill products
mil. lb_.
Cop per wire mill products (copper cont.). _ _ d o
Brass and bronze foundry products
do
49
3OQ
Q1
3ft9
Q9
310
86
7
Q
1Q 9
90 8
98 a
47
Q4. 8
(2)
(2\
2
67.5
74.6
73.4
67.4
60.7
54.0
97 g
93 8
91 6
99 3
.3700
.3700
.3712
.3893
.3890
.3895
.3892 .3890 .3889
.3894 .3894
^Includes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
t Effective with the Aug. 1974 SURVEY, data omit exports of wrought tin and tin alloys.
*New series effective with data for Jan. 1976. Source: Metals Week. MW Composite monthly
price (Straits qualitv, delivered) is based on average of daily prices at two markets (1 enang,
Malaysia-settlement, and LME 3-month—High grade), and includes_fixed charges plus
dealer's and consumer's 70-day financing costs; no comparable earlier prices are avaiiaoie.
116.0
108.6
90.5
73.5
61.0
S-34
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1974
SUKVEY OF CURRENT BUSINESS
April 1976
1975
1976
Annual
1975
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
METALS AND MANUFACTURES—Continued
MACHINERY AND EQUIPMENT
Heating, combustion, atmosphere equipment, new
orders (domestic), net, qtrly 9
mil. $..
Electric processing heating equip.. _
.do
Fuel-fired processing heating equip..
.do
153. 5
23.8
90.4
146.4
43.6
52.4
Mnterial handling equipment (industrial):
Orders (new), index, seas, adj H
1967 = 100.-
202.7
135.6
133 2
133.7
127.2
125 9
126 1
133 5
132.6
179.0
151 9
131.8
132.9
22, 661
26, 048
15, 063
19, 381
1 690
2 233
1 549
2 148
1 431
1 946
1 199
1 762
1 046
1 496
809
1 223
825
1 029
1 067
1 249
1 079
1 344
970
1 076
1 779
1 680
55, 124
36, 388
3 509
3 551
3 224
3 250
2 781
2 Oil
2 479
2 557
3 033
2 450
3 787
176.5
142.3
150 1
141 9
131 6
132 2
134 6
136 3
144 6
147 8
147 8
145 1
148 2
154.4
156 3
167.8
165 2
170 8
161 8
164 6
165 2
162 2
164 2
166 3
161 6
167 4
166 1
159 3
172 8
170 2
146.6
169.4
166 9
167 8
168.4
168 7
169.4
170 2
170.5
170.6
170 8
172.0
172.9
174.5
175.0
Industrial trucks (electric), shipments:
Hand (motorized)
number .
Rider-type
.- -.
do.
Industrial trucks and tractors (internal combustion
engines) shipments
number
Industrial supplies, machinery and equipment:
New orders index, seas, adjusted
1967-69=100 .
Industrial suppliers distribution:
Sales index seas, adjusted f
1967 = 100
Price index, not seas. adj. (tools, material handling
equip., valves, fittings, abrasives, fasteners,
metal products, etc.)*
1967=100 .
Machine tools:
Metal cutting type tools:
Orders new (net), total
Domestic
_ __ _
Shipments, total. _
_
Domestic
Order backlog, end of period
Metal forming type tools:
Orders new (net), total
Domestic
Shipments total
Domestic
Order backlog, end of period
36.6
9.9
17.7
mil. $ - 2, 017. 05
915. 90
46 65
61 85
do
1,715.65
780. 50
40 90
51. 05
do. _ 1, 445. 85 1, 878. 65 151.90 178.55
do
1,241.35 1, 548. 10 124 60 147 25
2 025 2 1 062 4 1 864 4 1 747 7
do
do
do
do
do
do
485. 20
405. 85
584 70
521. 80
521.2
270 45
212 65
573 05
484 50
218.6
15 95
10 45
64 65
53 60
435.3
Tractors used in construction, shipments, qtrly:
Tracklaying, total
. . units . 1 23,623
20, 485
mil. $_. i 835. 1 ' 1,095.7
Wheel (contractors' off-highway)
units.. 2 5, 600
4,592
mil. $ . 2 255.6
289.6
Tractor shovel loaders (integral units only), wheel
and tracklaying types
_
units
«51,573
38 019
mil. $.. 6 1,135.1 '1,130.4
Tractors, wheel, farm, nonfarm (ex. garden and
construction types), ship., qtrly
units. . 5 233, 842 225, 993
mil. $ . 6 1,785.3 2 327 4
17 35
13 05
65 00
52 80
387.6
40.8
19.2
98
35.4
8.3
12.6
33.6
6.2
12 3
72 80
76 80
81 60 82 45
91 60
76 95
89 55
73.60
58 85
67 35
60 10
85 45
65 30
77 95
177. 10 171. 20 179 70 149 05 121.85 170.00 159 45
150 20 139 15 154 10 116 80 101 95 143 10 130 50
1 647 4 1 557 8 1 \60 6 1 388 5 1 339 4 1 ^61 0 1 191 1
19 25
14 20
43 10
36 95
363.8
19 35
12 50
45 15
39 50
338.0
36 25
27 35
39 90
34 85
334.4
17 45
15 00
33 35
27 65
318.5
29 95
24 60
51 80
43 20
296.6
19 70
17 35
40 75
34 45
275.6
30 20
26 85
47 55
42 75
258.2
142.4
80.85
73.75
87 05
66.15
73.15
71.05
134.55 161. 95 117.00
105.95 130 95 101.20
1 137 4 1 062 4 1 019 2
21 20
18.80
40 85
34.25
238.6
28 25
23 60
48 15
39 75
218.6
32 80
29.30
39 25
33 20
212.1
110.00 pl22. 45
95.80 P97. 75
129. 80 pl46. 95
109. 15 pl25. 20
999 4 P 974. 9
34.55 P 41. 40
30.15 P 36. 10
45 25 P55 20
37.60 p 42. 05
201.4 P 187. 6
5 611
276.5
1,219
73 6
5 570
293 1
1 3^9
86 8
4 732
260.6
1,080
73 8
4,572 s 1, 628 3 1,552
r 265. 4 3 86.3 387.1
964
55.3
10 203
280.5
10 871
323.4
8 579
260.3
8 366
r 266. 2
61.971
582 2
65,411
644 7
43, 902
464.6
54, 709 3 20,144 3 19,233
636.0 3 232. 8 3 218. 8
ELECTRICAL EQUIPMENT
Batteries (nuto —type replacement) ship
thous
Radio sets, production, total market d*
thous..
Television sets (incl. combination models), production, total market cf
thous..
Household major appliances (electrical), factory shipment c (domestic and export)* 9
thons
Air conditioners (room)
do
Dishwashers
do
Disposers (food waste)
do
Ranges
do
Refrigerators
.
do
Freezers *..
do
Washers
do
Dryers (incl. gas)
.do
Vacuum cleaners
do
44 408
39 340
2 504
2 550
2 570
2 457
2 463
43, 993
34,516
2,143
« 2, 653
3,034
2,380
« 3, 072
15, 279
10,637
31 996 i 124 240
4, 564
2,683
3 320 i 2 702
2 553 i 2 080
2 014
5 982 i 4 582
3,220
2, 457
4 948
4 228
3, 584
2,870
7 640
8 470
729
1 758
264.1
175 8
140.2
137 0
273 7
210.6
300 7
210.0
QCC
3 573
4 432
4 fiiq
3 948
4 469
4 282
3 453
3,418
3,178
* 3, 696
3,271
2,564
< 2, 593
2,496
2,751
980
890
919
* 1, 223
1,934
261.1
223.8
192.8
167.7
299.7
115.2
368.8
266.4
2,158
264.5
224.4
188.7
183.7
361.6
131.8
417.5
292.6
2,500
405.4
294.3
204.6
200.8
426.7
162.0
412.2
282.1
142 7
140.7
' 265. 6
109 7
162.8
202.0
2
4
769
751
*943
765
919
* 1, 293
1,069
878
' 1 972 2 060
337.4
378.8
' 186.4
211 8
164.2
' 160.4
150 0
ICO 2
'341 5
338 9
207.2
216.9
r 315 7
319 8
208.4
'215.5
62 549 4
2 174
446.5
207 8
141 6
154 6
390 0
212.8
354 4
198.2
2 367
343.5
229 0
183.7
186 2
486.4
234.9
384.2
234.0
2,270
147.0
195. 4
191.3
176.6
516.3
276.4
403.4
250.9
7
1 690.1
2,106
71. 6
227 1
178.7
178 6
417. 6
272.4
4°4 3
238.1
2,243
27.4
253 1
206.5
187 2
464.8
242. 9
480 5
345.8
2,246
101.0
318.1
214.6
198.3
456.6
184.8
429.1
315.5
1,577
60.3
247.6
179.0
156. 2
304.7
91.5
296.2
218.7
1.801
223.3
259.7
178.8
183.7
360.9
83.8
279.3
202.9
83,400.3
79 0
125 0
234.3
85 5
151 0
207. 8
92 8
118 7
226.2
96 5
134 3
206.8
121 4
147.0
225.2
148 3
152.1
235.3
121 1
146.7
183.2
114 3
158. 2
204.9
4959
10
595
56
550
21
655
63
<762
4
3, 673
GAS EQUIPMENT (RESIDENTIAL)
Furnace^ gravity and forced-air shipments thous
Ranges, total, sales
'
do
Water heaters (storage), automatic, sales
do
1 476
1 950
2,569
1 186
1 618
2,645
78 4
114 2
204.5
82 7
141 4
233.8
79 3
134 0
268.1
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production f
thous. sh. tons.. 1 6, 617 1 6, 055
530
270
540
A4
39
Exports
do
735
640
68
Price, wholesale, chestnut, f.o.b. car at mine
$ p e r s h . ton.. 29. 972
41.711
44. 856
41.711 41.711
Bituminous:
Production {
thous. sh. tons.. 1603,406 '1640,000 51,135 51,910 53, 135
' Revised.
» Preliminary.
i Annual data; monthly or quarterly revisions not avail.
3
Excludes figures for rubber-tired dozers.
s i, or month shown.
* Data cover 5 weeks;
other periods, 4 weeks. fi Beginning 1974, tractor shovel-loader class exludes shipments of
tractor shovel-loader/backhoes (front engine mount); of this type, data for the tractor chassis
only are now included in the wheel tractor class (year 1974 data, 22,235 units valued at $153.1
mil.)
ejan.-Apr.
7 May-July.
« Aug.-Dec.
fEffective June 1973 SURVEY, index
revised back to 1970.
1i Revised data for Jan. 1971-Apr. 1973 are in the Jan. 1975 SURVEY. Subsequent revisions
470
15
525
66
460
89
530
45
530
14
440
24
525
46.428 46. 428 46. 428 46. 428 46. 428 46. 428 46. 428 46. 428
49, 345 r 55,560 ' 60,030 '52,410 '53,115 51,495 50, 005 60, 500
45,
560
55, 370 55, 730
(beginning Jan. 1974) incorporate gross new orders from all reporting groups, comparable
with data prior to 1974. See Aug. 1975 SURVEY.
^Effective Jan. 1973, data reflect total market as follows: Sets produced in the United States,
imports by U.S. manufacturers for sale under their brand name and, beginning 1973, sets imported directly for resale.
9 Includes data not shown separately.
* Price index (Natl. and Southern Industrial Distributors Associations), based on U.b.
Dept. Labor prices of 10 industrial supply/equipment prod, groups weighted according to
survey of Assn. members' distributors sales (series avail, back to 1967). Appliances (Assn.
of Home Appliance Manufacturers).
^Monthly revisions back to 1972 will be shown la -er.
46. 428
46. 428
46. 428
April 1976
SURVEY
1974
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
OF CURRENT BUSINESS
1975
Annual
S-35
1975
Feb.
Mar.
Apr.
May
June
1976
July
Aug.
Sept.
Oct.
Nov.
Dec.
45
339
I
6
545
199
090
485
50, 290
37, 249
12 716
6,716
324
5,682
Jan.
Feb.
Mar.
3 050
368 0
366 9
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL— Continued
Bituminous — Continued !
Industrial consumption and retail deliveries,
total 9
thous. sh. tons
Electric power utilities ...
___ _ d o _ _ _
M f g and mining industries total
do
Coke plants (oven and beeliive)
_ do_
Retail deliveries to other consumers.
552, 709 2 554,749
390, 068 22 403,249
153, 721 145 794
89, 747 2 83, 320
do
Stocks, industrial and retail dealers', end of period,
total..
thous. sh. tons.
Electric power utilities ._ _ _ _
do. _
Mfg. and mininer industries, total _ _ _
_do
Oven-coke plants
do
47, 396
32, 833
13 860
7 880
43,753
30, 333
13 021
7 427
42,683
30 128
12 268
7 282
44,887
33,190
11 429
7 081
47, 485
36 186
10 811
6 697
49, 091
37, 759
11 012
6,553
43, 818
32, 361
11 077
6,276
44,561
32,715
11 519
6 659
703
396
283
335
486
318
378
324
8,840
5,682
690
95, 528
82, 631
12,617
6,037
127, 159
109, 707
17, 175
8 671
97, 164
80, 026
16,813
8,010
97, 904 1 02, 745
80 859 85 692
16, 766 16,793
8 980
8 665
109
796 115,041 109 313 108, 680 112,102 120, 117 125 813 127, 159
99 054 96 839 9° 995 93, O.:l 96 621 103 973 10(* 973 109 707
17 428 17 796 15 884 15, 204 15, 039 15 861 16 977 17, 175
7 003
7,340
7 729
9 603 10 009
8 671
8 196
8 468
280
277
325
279
?60
314
379
434
425
442
283
263
277
do
Index, 1967=100
59, 926
339. 5
65 669
387.0
4 470
415.4
5 653
391 8
6 159
390.8
7 Oil
389. 6
6 269
386.0
4 691
382 0
5 859
377.3
4 529
372.4
4 647
370.2
7 593
3(33 0
4 534
370.1
3 697
368 9
thous. sh. tons
__do__
__- do
845
2 60. 737
24, 749
2727
56, 494
68
4,750
1, 965
67
5,324
2,104
67
5,030
2,043
56
5 052
2 031
52
4, 765
2,140
52
4 532
2 259
53
4,427
2,198
62
4 250
2 220
60
4,527
2,307
57
4 365
2 115
40
4 549
49
4 551
935
910
25
1,084
4,996
4,718
278
1,472
1,262
1,219
43
1,090
1,442
1 372
70
1,142
1,733
1 634
99
1,191
2 261
2 131
131
1 211
2,889
2 741
148
1,216
3 5992
333
199
1 283
3,867
3,654
213
1,325
3 821
3 618
203
1 435
4,108
3 899
209
1 477
4 5"
4 291
231
1 565
4 996
4 718
278
1 472
5 092
4 8909
27
1,278
1 273
127
109
132
133
138
105
89
117
93
52
74
55
92
_ number ' 212, 784
211.8
Index. 1967=100
mil. bbl ••4,631.6
387
% of capacity--
16, 338
245.7
4, 709. 2
1,097
228.6
353.9
85
1 341
230 2
384 3
83
1,181
232.2
368.3
82
1 100
234 2
384 7
83
1,246
256 0
385 6
86
1 "9
250 4
414 9
89
1,272
256. 1
416.9
89
1 504
256 1
401 5
88
1 633
257 g
397 3
85
1 619
261 0
3Q4 Q
87
1 817
262 6
411 4
1
465
9
63 9
1 341
242 3
242 4
Retail dealers
do
Exports
Price, wholesale*
45, 725
31, 982
13, 052
7,031
COKE
Production:
Beehive
_
Oven (byproduct) _
Petroleum eoke§
Stocks, end of period:
Oven-coke plants, total
At furnace plants
At merchant plants
Petroleum coke
__
__
__
_
do.__
_ do..
__ __ do._ .
do.
_ _
__.
Exports
do
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
Price, wholesale*
Runs to stills O --Refinery operating ratio.
-
All oils, supply, demand, and stocks:
New supply, total eft
Production:
Crndo petroleum!
Natural-gas pi fm t liqnidsl _
Imports:
Crude and unfinished oils
Refined products! _ -
r
6,062. 7
5, 860. 9
460.0
492.6
454.4
470.9
465 1
495 3
501 9
500 5
505 0
489 4
500 7
do
do _
>• 3,202. 6
629.2
3, 052. 1
609.8
240.1
46.9
262.8
52.2
253.2
50.2
259. 5
50.9
252 3
50 6
258 1
51 8
255 4
59 5
948 0
48 4
257 6
52 2
248 1
50 4
255 4
52 2
do
_ _ d o __
1,313.4
f 917. 6
1,511.1
687.9
108.5
64.4
114.7
63.0
102.2
48.8
108.9
51 6
118 4
43 8
131 3
54 1
143 1
51 0
1419 5
6 7
137 3
57 9
139 5
51 3
139 9
53 1
mil. bbl ..
Change In stocks, nl! oils (decrease,—). _ do
Demand, total®!
Exports:
Crude petroleum...
Refined products!
5 11.8
-12.9
-9.9
-19.2
12.2
1.8
15 2
20 6
6, 022. 6
485.3
512.4
486.9
474 9
475 1
494 4
495 1
1.1
79.4
2.0
74.4
.9
6.0
.3
6.3
(i)
5.7
o
o
o
o
6 3
6 7
5 8
6 3
* 6,078. 2
2, 402. 4
64.4
5, 946. 2
2, 450. 3
58 0
478.4
171.7
7.1
505.8
197. 1
5 2
481.2
202.7
4.4
468.6
214.1
30
468.3
213 5
4 0
488.6
219 7
3 0
do
'1,075.9
__do_ .
r 963. 2
do
362.6
1,039.9
888. 1
365.3
106.5
79.8
30.1
102.1
82.7
30.4
92.8
66 8
30.2
73 9
63 5
30 3
68 0
65 4
29 7
50. 1
147.3
487.3
3.2
5.3
41.9
3.2
6.1
43.0
4.3
9.1
36.8
4 2
12 7
30.7
4 5
17 1
29 7
1 133 0 1,086.2 1 , 076. 4
280 0
271 4
276 8
110.5
106. 8
113.7
702. 7
685. 9
747. 9
1 057.2
9gl g
114! 1
661.2
r
do _
do
Domestic product demand, total?©!
Gasoline! _ _ _
Ksrosene _._
_
Distillate fuel oil!
Residual fuel oil|
Jet fuel!
_. _ .
Lubricants!.
Asphalt
Liquefied gases!
65.3
6,158. 7
do___
. _
do
do
do
40 4
8.8
23 5
—46 7
9
512 5
476 6
565 7
Q
Q
9
o
o
58
50
8 1
488 8
218 6
33
473.1
9
03 9
38
506.7
211 5
4 5
471.6
192 8
4 4
557.6
212 0
8 5
65 5
69 4
29 6
67 4
65 6
32 4
64 9
69 99
31
82 9
69 4
30 9
76 3
70 5
30 0
117 1
84 6
28 2
4 2
18 3
36 5
4 6
19 1
37 2
4 4
18 9
37 3
4 9
17 7
43 9
37
11 5
42 5
4 4
5 9
54 3
do
do
do
56.7
168.7
' 513. 1
_ do
do
do
do
41,121.1
265 0
113.6
* 742. 5
__ do
do
do
2, 337. 5
10
4 228 3
g
238 0
189.2
(i\
952 1
0)
235 7
^l 1
d\
21"7 0
201 2
/i\
91 n n
218 5
255 4
178.4
211.8
189.1
191.1
193.3
199.0
206.8
215.5
.404
.455
.422
.425
.428
.438
.452
.474
.9
.9
0)
3.0
1. 1
(i)
3.0
11
(i)
2.9
4 5
15 3
4 2
16 5
226.7
267.2
274.9
273.6
285.6
r
Revised.
i Less than 50 thousand barrels.
2 Reflects revisions not available by
months.
s Beginning Jan. 1974, data may reflect input of lease condensate, natural gas plant
liquids, unfinished oils, and other hydrocarbons which are processed through
the crude oil
4
distillation facilities. No comparable data for earlier periods are available.
Effective with
1974 end-of-year stocks, data reflect approximately 100 additional bulk terminals and are not
comparable
with those for earlier periods. No earlier data are available for these terminals.
5
Not comparable with 1974 and earlier periods; See note 4 for this page
9 Includes data not shown separately.
§ Includes nonmarketable catalyst coke.
cflncmdes small amounts of "other hydrocarbons and hydrogen refinery input," not
shown separately.
! Monthly revisions prior to 1974 will be shown later; revisions for 1974
are available upon request.
280.6
_.
_ __.
Stocks, end of period, total
Crude petroleum
Unfinished oils, natural gasoline, etc
Refined products
Refined petroleum products:
Gasoline (incl. aviation):
Production
Exports!
Stocks, end of period
Prices (exol. aviation):
Wholesale, regular*
Index, 2/73=100-Retnil (reenlnr grade, excl. taxes), 55 cities
(mid-month) if
$ per gaL.
Avlation gasoline:
Production
__.
mil. bbl
Exports!
do__.
Stocks, end of period
do
Kerosene:
Production
do
Stocks, end of period
do
Price, wholesale (light distillate)*
Index. 1967=100..
4
176.7
3
15.9
.1
<3.5
.l
3.0
(i)
3.5
.9
(i)
3.3
56.9
16.9
15 6
5.7
15 3
4.9
15.2
182.3
479
6
1 069 4 1 071 2 1 086 4 1 106 9 1 147 3 1 156 1 1 179 6 1 133 0
9"1 n
281 0
276 1
121.2
119 9
115 6
118 1
114 6
113 4
113 7
116 3
739 2
667.2
675 1
773 3
773 1
793 1
705 9
747 9
214 6
0)
200 3
0)
228.9
233.7
235.1
233.0
229.5
227.3
226.4
221.6
.480
.480
.481
.476
.476
.468
.462
.456
13
(i)
2.7
15
(i)
2.9
13
m
2.8
15
(i)
2.9
13
(i\
3.1
m
3.0
2 8
15 4
3 7
16 0
4 4
17 2
4 4
17 8
4 4
17 8
4 7
18 9
15 6
284.6
283.7
299.1
297.9
299.4
304. 2
307.8
0)
206 0
199 4
oor o
313.5
316.6
310. 5
© Beginning March 1974 SURVEY, data are restated to account for processing gain and
crude losses not previously included; comparable data for earlier periods will be shown later.
©Effective with Jan. 1974 data, series known as "Grossinput to crude oil distillation units";
see note s for this page.
*New Series. The source has discontinued prices for the former
specification. Comparable indexes for earlier periods will be shown later. For gasoline and
kerosene see also similar note on p. S-36.
^Beginning June 1975 SURVEY, the prices for all
months have been transferred forward (i.e., Dec. price moved into Jan. period) since they are
for "mid-month" instead of "1st of month" as formerly.
SUKVEY OF CUKRENT BUSINESS
S-36
1974
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1 1975 v
Annual
April 1976
1975
Feb.
Mar.
Apr.
May
June
July
1976
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
336.7
339.4
335.1
451.8
445.2
454.8
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Distillate fuel oil:
Production
mil. bbl
Imports^
do
Exports
do
Stocks end of period
do
Price, wholesale (middle distillate)*..
Index, 1967=100...
Residual fuel oil:
Production
mil. bbl
ImportsJ
do
Exportsf
do
Stocks, e n d o f period _ _ _ _ _
do Price wholesale*
Index, 1967=100
Jet fuel:
Production
Stocks, end of period
mil. bbl
do
Lubricants:
Production
Exports^
Stocks end of period
974.0
»• 105. 6
.9
75.0
56.0
.3
8.5
.1
78.5
4.2
(2)
77 2
2.0
(2)
80.3
3.3
(2)
80.4
2.9
(2)
84 4
3.9
(2)
85.1
3.2
83 0
2.9
3.9
(2)
(2)
(2)
208.8
176.7
161.1
146.3
152.1
163.3
181.5
197.4
220.8
226.2
235.8
208.8
272.0
309.4
297.5
294.6
294.9
296.1
301.3
308.3
312.9
318.2
322.9
330.8
336.3
390.5
r 579. 2
436.0
37.9
39.3
40.3
40.1
37.3
31.4
35.7
34.8
34.6
27.1
35.8
35.5
35.5
30.4
35.5
39.4
36.1
37.8
36.4
35.1
34.1
4 74. 9
485.4
74.1
495.5
66.5
515.8
64.1
528.2
66.3
534.6
73.5
491.3
69.7
489.3
71.5
479.9
71.9
473.3
76.9
458.1
81.9
461.8
83.1
450.4
74.1
459.3
305.1
429.8
30.4
23.4
29.1
27.8
30.5
25.9
30.3
26.7
30.7
25.2
29.3
27.4
29.8
29.7
31.1
27.2
31.3
26.8
30.4
25.9
29.0
30.4
5.0
5.4
.5
.5
.4
.6
2
.4
1.0
4.4
.7
4.6
.7
4.8
.9
4.7
.7
4.8
.7
14.9
14.7
14.2
.6
.7
15.4
5.1
1.1
5 0
16.0
14.0
13.3
14.2
14.3
9.2
9.4
30.2
30.7
13.1
31.6
14.4
29.6
16.6
28.4
16.2
26.3
14.8
22.6
14 5
19.8
11 6
20 2
22.8
44.9
36.7
46.2
37.0
45.5
35.8
47.6
37.2
10.4
131.2
48.9
37.8
11.1
138.5
44.8
35.0
47.4
37.8
46.2
36.9
38.4
141.6
140 6
138 1
125.1
mil. bbl
do
164.2
421.6
7.5
22.8
26.9
Liquefied pases (incl. ethane and ethylene) :
Production total
mil bbl
At gas processing plants (L P G )
do
At refineries (L R O )
do
Stocks (at plants and refineries)
do
571.3
447.9
123.3
4
112.5
444.1
43.0
34.7
47.4
38.7
98 5
.6
4.6
.6
3.7
.8
15.5
125.1
.2
16.5
9.3
14.3
8.3
.2
.3
70.7
11.9
Asphalt:
Production
Stocks end of period
75 4
3.3
.1
* 223. 8
416.1
do
do
do
74.6
7.9
(2)
8.7
4.5
1.0
8.2
97.1
9.3
101.4
111.7
9.7
124.1
9.8
9.6
9.3
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
Stocks end of period
thous. cords (128 cu ft.)
do
do
77, 302
74, 459
7,238
60, 134
65, 730
6,845
5,384
5,325
7,702
5,056
5,527
7,477
4,802
5,059
6,764
5,073
5,155
6,372
5,027
5,244
5,834
5,010
6,330
5,497
5,476
6,346
5,448
5,371
6,411
6,537
6,297
6,727
5,829
5,908
6,627
5,672
5,490
6,845
6,031
6,163
6,799
Wnste paper:
Consumption
Stocks end of period
thous sh tons
do
12, 106
848
9,093
731
693
826
699
795
770
775
744
755
750
744
696
752
770
740
784
744
871
768
809
717
'762
••731
818
706
48, 417
1,723
33, 010
2,210
4,711
2,729
4,035
5 40, 997
1,367
s 29, 358
2,025
4,414
(5)
3,419
3,401
126
2,305
170
339
211
250
s 3, 221
117
2,289
176
362
(£)
277
5 3, 396 53,919 s 3, 724 5 3, 371
132
133
87
127
2,404
2,436
2,847
2,685
186
183
166
179
421
375
389
406
(5)
(5)
(5)
(5)
292
305
323
333
53,935
123
2,779
179
420
5
()
435
WOODPULP
Production:
Total all grades
thous sh
Dissolving and special alpha
Stilfate
Sulflte
Groundwood
Deflbrated or exploded, screenings, etc
Soda and semichemical
tons
do
do
do
do
do
do
Stocks, end of period:
Total, all mills
Pulp mills
Paper and board mills
do
do
do
1,177
440
637
100
1,024
497
440
87
934
423
434
78
1,179
630
470
78
1,222
655
494
73
1,271
719
489
63
1,258
710
484
63
1,231
682
475
74
1,140
611
465
65
1,041
540
448
53
1,124
635
441
49
61,113
6633
421
59
6 1, 024
6497
440
87
1,072
562
427
83
Exports, all grades total
Dissolving and special alpha
All other
do
do
do
i 2, 802
788
* 2, 015
12,565
699
i 3, 257
261
69
192
255
75
180
184
47
137
205
66
140
208
36
173
183
58
124
218
55
163
207
59
149
161
44
117
186
52
134
240
58
298
206
76
130
209
54
155
Imports all grades total
Dissolving and special alpha
All other
do
do
do
i 4, 123
221
i 3, 902
i 3, 078
140
1
2, 937
238
9
229
296
17
278
248
5
243
245
10
235
278
24
254
267
11
256
223
12
211
242
4
237
255
11
244
237
8
230
283
21
262
318
23
295
280
8
272
59, 934
26, 861
27, 892
144
5,037
52, 297
23, 370
24, 233
91
4,577
3,937
1,778
1,848
7
304
4,011
1,787
1,852
8
365
4,048
1,768
1,886
8
387
4,184
1,799
1,985
8
392
4,209
1,849
1,951
7
403
4,147
1,850
1,881
6
411
4,613
2,006
2,137
8
435
4,562
1,992
2,142
8
420
5,144
2,258
2,427
8
451
140.9
152.2
123.5
170.3
127.1
170.7
124.4
170.7
123.6
170.4
123.4
172.9
171.7
171.3
170.1
169.7
169.9
170.6
169.9
170.6
170.0
170.6
137.0
133.2
131.3
131.7
131.4
131.2
125.7
126.2
127.4
128.8
127.7
*New series. The Bureau of Labor Statistics has revised its pricing program and discontinued prices for the former specification. The index shown is developed from revenue and
volume data collected directly from petroleum companies. The pricing formerly was based
on spot quotations in trade journals, which over the past year have come to represent a
decreasing portion of domestic transactions. Because of the time required to collect the new
data there will be a one-month lag in pricing; e.g. the May index reflects changes in prices
from Mar. to Apr. Except for gasoline, (p. S-35) comparable data prior to April 197<$ are
available upon request.
5
3, 076
95
2,240
148
330
(5)
262
5
3, 215 5 3, 208
106
111
2,334
2,359
149
146
342
327
(6)
(5)
277
272
5 3, 171 s 3, 569
107
88
2,583
2,307
166
153
397
360
(6)
(•)
315
263
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
All grades, total, unadjusted- __thous. sh. tons
Paper
do
Paperboard
do
'Wet-machine board
do
Construction paper and board
do
Wholesale price indexes:
Book paper, A grade
1967 = 100..
Paperboard.
_ _ do_ ..
Building paper and board
do
r
1
Revised.
» Preliminary.
2
Reported annual total; revisions not allocated to the months.
Less than 50 thousand
barrels.
3 Beginning with January 1975, data 4for soda combined with those for sulphate;
not comparable with data for earlier periods.
See note 4 for p. S-35.
6
Beginning March 1975, data for defibrated or6 exploded, screenings etc., not available;
not comparable with those for earlier periods.
Data exclude small amounts of pulp not
reported because it would disclose the operations of individual firms.
JMonthly revisions prior to 1974 will be shown later; revisions for 1974 are available upon
request.
4,708 r 4, 533 4,855
2,083 ' 2, 106 2,212
2,246
2,218 '2,071
9
7
7
388
348
401
SURVEY OF CURRENT BUSINESS
April 1976
1974
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1975
1975
Feb.
Annual
S-37
Mar.
Apr.
May
June
July
1976
Aug.
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
Mar.
PULP, PAPER. AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Selected types of paper (APT):
Groundwood paper, uncoated:
Orders n e w
_.-._Orders unfilled, end of period
Shipments
Coated paper:
Orders new
Orders unfilled, end of period
Shipments
Uncoated free sheet papers: t
Orders new
__.
Shipment^
Unbleached kraft packaging and
verting papers:
Orders new
Orders unfilled end of period
Shipments
Tissue paper production
1,255
167
1,246
1,223
226
1,161
88
157
76
93
171
86
74
180
88
93
182
92
102
195
84
89
197
90
114
202
101
105
207
97
144
236
122
118
232
119
111
226
113
104
226
110
3,642
296
3,832
3,145
264
3,217
222
254
258
232
221
258
222
199
248
246
207
243
238
203
249
252
206
252
264
199
272
263
199
260
343
252
303
301
245
277
297
264
311
350
273
320
6,355
6,946
5, 399
5,504
317
358
364
384
400
395
416
434
418
441
459
450
457
489
499
489
600
558
555
535
553
541
545
573
4, 135
135
4,187
4,092
3,422
149
3,406
4,015
269
111
287
315
223
109
225
333
238
111
236
333
268
123
256
335
273
121
270
327
272
127
263
311
316
131
312
345
319
149
307
322
316
135
330
366
294
135
293
356
302
149
288
334
333
365
_
do
do _
. . do .
39,548
39,597
3143
3 7, 679
3 7, 727
395
760
711
265
824
791
298
771
748
321
801
806
317
759
787
289
645
651
283
597
623
258
510
530
237
487
518
206
379
488
137
324
365
95
370
339
126
552
484
214
United States:
Production
Shipments from mills
Stocks at mills, end of period.. _
do
do
_ ..do _
3 3, 481
3 3, 480
323
3 3, 564
' 33, 563
291
285
29
321
314
36
272
270
38
260
261
36
284
281
39
285
290
34
323
316
42
294
298
38
324
331
30
306
304
' 33
278
290
'21
323
323
'21
294
294
20
505
thous. sh. tons
do
- - -.do.do
._ _. ..do ...
do
..
do
do
industrial con--
Newsprint:
Canada:
Production
Shipments from mills
Stocks at mills, end of period.
-do .do
do
do
Consumption by publishersd 71
. do
Stocks at and in transit to publishers, end of
period
thous sh tons
'321
3
r
6, 364
477
548
540
569
529
482
507
515
565
583
546
498
3827
3734
954
1,016
1,035
1,014
1,046
1,090
1,104
1,045
983
837
734
664
652
7,399
Imports
do
Price, rolls contract, f.o.b. mill, freight allowed
or delivered
Index, 1967= 100. . U51.2
5,847
575
553
565
536
552
537
440
435
394
289
316
270
302
184. 0
181.8
181.8
184.7
184.7
184.7
184.7
184.7
184.7
184.7
184.7
184.7
184.7
184.7
482
1,165
M76
450
888
'468
406
841
'431
445
883
'439
479
871
470
473
856
'475
469
981
'423
497
997
'515
520
1,093
'486
563
1,198
'565
543
1,233
'550
482
1,165
'487
512
1,163
546
583
1,231
1216,072 1 191, 997
13,571
14, 571
15,379
15, 986
15,441
15,816
16, 778
18,360
19, 811
15,851
15, 959
17,414
16, 705
25600 r 2, 380.0 ' 180. 5 r 186. 7 r 196. 9 '191.6 r 195. 2 r 189. 0 ' 200. 5 r 214 4
1,700.0 ' 1,755.0 r 133. 1 ' 137. 6 r 144. 1 "141.1 ' 144. 9 ' 139. 7 ' 146. 8 ' 157. 7
' 927 6
r
3 7, 022
Paper board (American Paper Institute):
Orders, new (weekly avg.)_
._ thous. sh. tons
Orders, unfilled §
do
Production, total (weekly avg.)
do
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
mil. sq. ft. surf, area
Folding paper boxes
thous sh tons
mil$_.
342
876
556
4
r
T
168. 1
190.1
'•see
191 5 ' 208. 0 ' 205 1 184 6
' 141. 5 ' 155. 7 ' 152. 6 138.2
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
. .. thous. metric tons
Stocks, end of period . . _ _ _
do
Imports, Jncl latex and guayule thous ]g tons
Price, wholesale, smoked sheets (N.Y.)__$ per lb..
Synthetic rubber:
Production
Consumption
Stocks, end of period
thous metric tons
do
do
_ _.
633. 60
105. 38
656. 60
50.84
126. 83
41 26
50.00
126. 89
51 46
53.12
125. 44
52 34
55.51
113.14
32 65
55.09
125. 15
58 41
46 77
118.69
52 73
51.98
116. 75
59 72
58.04
107. 05
54 29
58.74
104. 91
57 15
44.76
110.69
66 21
50.50
105. 38
62.20
66.07
.398
.299
.295
.293
.293
.285
.293
.318
.303
.308
.300
.300
.308
'.330
22,498.22
1, 940. 76
2
2 355 82 1 805. 91
2
369. 86
618. 70
134. 24
154 44
590 19
136. 68
135 04
479 26
138 71
149 15
426 60
153.
63
14f) 30
424 70
149. 78
153 40
408 20
144 89
137 57
390 78
172. 71
153 10
378 87
181.99
164 07
368 01
194 35
179 44
358 94
185. 72
139 70
365 33
189. 24
146. 59
369. 86
.358
thous Ig tons
267. 12
214. 50
17 05
15 06
17 17
15 69
16 78
16 24
18 36
19 28
20 64
21 15
22 57
thous metric tons
do
do
2 153. 27
2 144. 57
2 15. 47
78.90
100. 22
11.66
7.74
7.63
14.61
6 36
8.10
16.10
5 60
8.23
14 14
8 85
8.68
13.53
6 74
9.54
12 83
4 99
7 65
11 37
5 80
9. 53
12 64
6 36
9.26
12 02
6 46
8.17
10 35
6 58
7.26
11 56
4.22
6.99
11.66
thous
211, 390
186,705
13, 184
12, 107
15 222
15, 677
16 678
14 531
16 413
17 87S
18 821
15 212
16, 215
17, 598
18,200
do
do
do
do
209, 418
55, 245
145 449
8,724
196,281
47, 452
142 706
6 122
11,725
2 743
8 484
497
15,316
3 577
11 147
591
19 404
4 231
14 642
531
17, 941
4 291
13 193
528
19 384
4 469
14 393
522
17 888
3 '>42
14 156
'390
16 332
3 859
12 007
473
19 9883
5 06
14 159
518
18 680
4 856
13 256
569
13 854
3 988
9 352
514
14, 056
3 928
9 667
461
14, 615
4, 769
9 299
547
16, 410
4,919
10 952
539
do
do
55 242
9 229
50 020
6 124
60 970
498
57 721
601
54 08°
577
52 037
574
49 803
495
46 990
'435
47 405
491
45 711
470
46 002
547
47 569
'529
50 020
419
53 172
482
55,395
do
do
do
do
41
46
8
3
32 584
34 581
9 212
3' 998
2 884
2 599
9 782
321
2 335
2 644
9 658
253
2 656
2 734
9 991
'351
2 685
3' 099
9 669
'390
2 497
2' 889
9*476
217
9 703
9 779
9' 546
267
2 788
3 118
9 474
215
3 103
3 414
9 307
455
2 380
2' 678
9' 960
'352
2 305
2 542
9 212
300
2,675
2 941
9 133
309
2,790
3 043
9 028
Exports (Bu. of Census)
Reclaimed rubber:
Production
Consumption
Stocks, end of period
2 719. 05
2 137. 54
681. 32
.370
21.24
TIRES AND TUBES
Pneumatic casings, automotive:
Production _
Shipments, total
Original equipment.
Replacement equipment
Exports.
._
Stocks, end of period
Exports (Bu. of Census) _„
Inner tubes, automotive:
Production..
Shipments
_.
Stocks, end of period.. .
Exports (Bu. of Census)..
.
415
227
755
608
2 798
•7*830
9 838
' 425
' Revised.
v Preliminary.
i Reported annual total; revisions not allocated to months.
» Publication of monthly rubber statistics wa^ discontinued by the Censns Bureau effective
with the Dec. 1972 report (Series M30A). Data beginning 1973 are from the Rubber Manufacturers Association and are not strictly comparable with earlier data.
' Beginning
January 1974, data reflect reduction in basis weight of newsprint from 32 to 30 Ibs. for 500
sheots measuring 24" x 36": data for January 1974 on 32-lb. basis (thous. short tons): Canadaproduction, 840; shipments, 815; stocks, 222; United States—production, 289: shipments, 285;
mill stocks, 29; consumption by publishers, 586, stocks at and in transit, 676.
* Beginning
Feb. 1975, data reflect indexes in lieu of dollar amounts formerly shown.
t Represents the sum of uncoated book paper and writing and related papers (including thin
paper) formerly shown separately; data for new orders no longer available for the individual
items.
cP As reported by publishers accounting for about 75 percent of total newsprint consumption.
§ Monthly data are averages for the 4-week period ending on Saturday nearest the end of the
month; annual data are as of Dec. 31.
SURVEY OF CUERENT BUSINESS
S-38
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
1975
1974
1975
Feb.
Annual
April 1976
Mar.
May
Apr.
June
1976
Aug.
July
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement
thous. bbl__
1
431, 516 366,984
17,553
21, 787
28,771
34, 101
36,266
38,910
39, 176
38, 941
41, 745
28, 346
22, 782
17, 660
292.6
8.1
65.8
352.8
8.9
82.5
487.8
85
101 6
531.3
80
112 9
553.8
7.7
111 1
589.2
6.4
114 7
588.3
6.6
115 5
570.5
7.3
109 1
625.0
6.8
118 9
501.2
' 440. 5
'7.4
'76 5
342.1
20, 484
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick.. 6,673.0
Structural tile, except facing
thous. sh. tons..
99.7
Sewer pipe and fittings, vitrified
do _
1,454.1
Facing tile (hollow), glazed and unglazed
mil. brick equivalent..
96.9
Floor and wall tile and accessories, glazed and un273.2
glazed
mil. sq. f t _ _
Price index, brick (common), f.o.b. plant or
N Y dock
1967 = 100
143.5
5, 854. 0
88.5
1, 189. 6
5.5
95 9
5.3
65 8
79.1
5.8
6.3
6.5
7.5
6.0
7.5
6.4
7.2
7.0
5.8
7.3
4.7
235.6
17.3
20.3
20 6
19 7
19 2
20 2
20 1
20 3
21.5
18 3
18.5
20 7
160 5
154 2
155 0
155 4
156 6
159 9
160 7
163 0
165 6
167 5
168 7
168 7
170 1
170 9
171 7
GLASS AND GLASS PRODUCTS
thous. $.. 543,382
466, 671
85,730
105,183
131, 143
144, 615
132, 541
410, 841
76, 253
390, 418
15, 522
70,208
15, 026
90,157
20, 172
110, 971
25, 533
119, 082
thous. gross. _ 280,397
282, 611
21,369
22, 822
22 984
22 937
24221
25,300
25 279
25 220
26,963
22924 ' 19, 947
23, 784
278, 705
17 853
21 268
22 603
23 764
25 350
29 424
23 802
23439
23 863
20967
'22,212
22 629
1 717
3,557
5 119
1 528
1 848
5,196
5 794
1 805
1 983
5 127
6 606
2 020
2 185
5 894
6 654
1 927
2 128
6 336
7 489
1 994
2 248
7*710
7 894
1 877
2 978
5 280
7 260
1 801
2 929
4 723
6 512
1 906
2 009
4 762
6 365
2*320
1 590
4 747
5 481
2 060
'1,643
r
5, 785
'6 000
' 1, 937
1 981
4,421
6 419
1,874
Flat glass, mfrs.' shipments
Sheet (window) glass, shipments
Plate and other flat glass, shipments
Glass containers:
Production
Shipments, domestic, total
Narrow -neck containers:
Food
Beverage
Beer
Liquor and wine
do
do
do
do
do.. .
do
. do.
_
.
..
273,709
24,491 ' 25, 26S
65, 631 '64,416
66, 605 r 76, 835
22, 568 ' 23, 369
Wide-mouth containers:
Food (incl. packer's tumblers, Jelly glasses,
and fruit Jnrs)
thous. gross .
Dairy products
do
59, 709
148
' 58, 896
107
3,791
9
4,452
9
4 345
4 713
5 004
6 722
8
4 270
4 829
5 581
4 681
' 4, 448
10
10
4,927
12
Narrow -neck and Wide-mouth containers:
Medicinal and toilet
do
Household and Industrial
do. -
30,231
4,326
r 25, 779
'4,035
1 872
1,867
260
297
2 297
2 070
'314
2 060
9
2 514
1 897
2 170
2 435
2 091
288
'2,097
'292
2,525
470
37, 500
r 37, 666
38 716
40, 718
40 817
39 655
38 139
33 553
34 599
35 910
40 369 '37, 666
38, 590
Stocks, end of period
.
do
7
7
39
451
5
310
9
361
11
380
38 595
7
310
GYPSUM AND PRODUCTS (QTRLY)
Production:
Crude gypsum
Calcined
thous. sh. tons.. HI, 999 1 3 10,120
310,993
38,966
do
Imports, crude gypsum
Sales of gypsum products:
Uncalcined
Calcined:
Industrial plasters
Building plasters:
Regular basecoat
All other (incl Keene's cement)
Board products, total..
Lath
Veneer base
Gypsum sheathing
Regular gypsum board
Type X gypsum bowd
Predecoraied v/allboard
2,190
2,006
3 2, 320
3 2, 151
3 2, 791
3 2, 444
3 2, 773
s 2, 366
do
3 7, 424
3 5, 448
1,189
3 1 249
3 1, 537
3 1, 474
do
5,262
4,878
723
1 245
1 343
1,451
do
322
293
66
74
73
79
215
416
12,852
260
359
237
9,408
2 421
168
176
360
10, 804
182
292
198
8,214
42
89
2,333
40
59
37
44
90
2 608
1,737
1,980
47
96
2,934
51
85
56
2,247
462
35
43
85
2,929
49
79
56
2,250
462
33
526 3
48.5
512.7
47.5
do
do
mil. sq. ft
do
do
do
do. .
do
do
1 790
127
42
69
49
433
26
434
33
TEXTILE PRODUCTS
FABRIC (GRAY)
Knit fabric production off knitting machines (own
use, for sale, on commission), qtrly*
mil. Ib
2,011.3
Knitting machines active last working day*. _ .thous. 46.6
1, 955. 0
47.5
415 3
47 0
Woven fabric (gray goods), weaving mills: t
Production total 9
mil linear yd
11, 054 ' 9, 777
657
639
2833
Cotton
do
4,987
312
4,326
286
2375
Manmade
fiber
do
5,977 '5,356
339
346
2449
Stocks, total, end of period 9 d*
do
1,292
1,261
1,219
1,290 ' 1, 099
Cotton
do
489
572
548
519
560
Manmade
fiber
do
'605
707
695
715
725
1,892
1,700
1,578
Orders, unfilled, total, end of period 9 l f _ _ _ _ d o
1,797 ' 2, 590
621
718
805
1,144
Cotton
_ _ _ _
do
713
1,072
944
969
Manmade
fiber
do
1,071 '1,414
COTTON
Cotton (excluding linters):
Production:
« 11,328 • 8, 174
<11,328
GlnningsA
thous. running bales
Crop estimate
thous. net weight bales 0.. * 11,537 s 8, 315
400
395
6,142
'525
6,617
Consumption . .
thous. running bales
Stocks in the United States, total, end of period 9
9,100
9,839
9,544
8,210
thous. running bales.. 11,486
9,092
9,831
8,202
11,476 c 9, 528
Domestic cotton, total
do. .
762
681
659
2,037
945
On farms and in transit
do
7,212
7,917
6,344
8,413
7,431
Public storage and compresses ..
_do .
1,152
1,199
1,199
1,026
1,152
Consuming establishments
do. .
' Revised.
* Annual total; revisions not
allocated to the months or quarters.
» Data
3
4
cover 5 weeks; other months, 4 weeks.
Excludes byproductc gypsum.
Crop for the
year 1974.
s Crop for the year 1975.
(DBales of 480 Ibs.
Corrected.
*New series. Source: BuCensus. Data cover warp and weft knit yard goods and knit
garment lengths, trimmings, and collars: no quarterly data prior to 1974 are available.
{Monthly revisions (1970-72) appear in "Woven Fabrics: Production, Stocks, and Unfilled
Orders," M22A—Supplement 3 (Aug. 1973), Bureau of the Census.
9 Includes data not
shown separately.
500 7
48.4
749
345
397
1,191
510
676
1,961
806
1,139
770
348
415
1,186
502
678
2, 135
881
1,240
2796
2354
2434
1,175
495
675
2,281
935
1,327
814
364
442
1,168
498
665
2,398
984
1,390
30
169
808 2 1, 051
2447
349
2595
450
1,096
1,154
497
506
594
644
2,608
2,582
1,077
1,126
1,501
1,428
373
2,766
834 '2980
2388
352
474 '2582
1,087 ' 1, 099
489
488
'605
595
2,581 ' 2, 590
1,144
1,019
1,531 '1,414
882
373
502
1,141
528
607
2,549
1,116
1,400
7,618
8,072
5,802
'570
559
« 8, 174
« 8, 315
2714
2624
550
2683
505
531
455
477
2527
6,949
8,058
9,544 '8,706
7,323
6,575
5,481 13, 662 12,702 11,775 10,618
6,932
7,315
5,464 13, 646 12,684 11,759 10,608 ' 9, 528 ' 8, 689 8,041
6,566
284
710
698
945
3,573
6,721
560
8, 728
275
9,131
529
5,364
6,114
7,431 r 6, 870
6,000
4,045
2,910
5,559
3,430
4,063
4,865
1,284
'1,121
1,217
1,152
1,035
993
1,037
1,085
1,196
1,126
1,172
^Stocks (owned by weaving mills and billed and held for others) exclude bedsheetmg,
toweling, and blanketing, and billed and held stocks of denims.
^[Unfilled orders cover wool apparel (including polyester-wool) finished fabrics; production
and stocks exclude figures for such finished fabrics. Orders also exclude bedsheetmg, toweling,
and blanketing.
ACumulative ginnings to end of month indicated.
SUEVEY OF CURRENT BUSINESS
April 1976
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
1974
S-39
1976
1975
1975
Feb.
Annual
May
Apr.
Mar.
June 1 July
Aug.
Sept.
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
TEXTILE PRODUCTS—Continued
COTTON -Continued
Cotton (excluding linters) — Continued
Exports
_thous. running bales
Imports
_- - _ _thous. net-weight /:< bales
Price (farm), American upland
cents per lb.._
Price, Strict Low Middling, Grade 41, stai le 34
(IMo"), average 10 markets*
cents per lb_.
5,170
46
142.7
3,841
50
141.7
380
1
32.6
346
1
33.5
371
4
35.4
364
5
36.5
392
4
38.9
356
(4)
40.6
325
1
43.5
258
19
46.8
226
1
49.8
176
1
49.7
50.0
237
6
214
3
49.9
141
3
49.8
50.4
36.4
37.8
40.4
41.7
42.8
45.6
48.4
50.7
50.4
50.9
55.1
57.2
57.0
55.5
17.0
8.6
5.8
.291
3.0
16.7
8.6
5.7
.287
2.9
16.8
8.6
* 7.9
.314
»4.0
16.8
8.5
6.9
.346
3.5
16.8
8.5
7.2
.360
3.7
16.8
8.4
28.2
.328
24.1
17.0
8.4
7.8
.392
3.9
16.9
8.3
8.1
.403
4.0
17.1
8.4
210.5
.421
25.2
17.1
8.3
8.4
.418
4.1
17.1
8.0
29.4
.378
24.4
17.1
7.9
'8.7
'.435
r4.0
17.1
7.9
8.6
.429
3.9
12.4
12.0
COTTON MANUFACTURES
Spindle activity (cotton system spindles):
Active spindles, last working day, total
mil_.
Consuming 100 percent cotton
do
Spindle hours operated, all fibers, total
bil__
Average per working day
do
Consuming 100 percent cotton
do
Cotton cloth:
Cotton broadwoven goods over 12" in width;
Production (qtrly )
mil lin yd
Orders, unfilled, end of period, as compared with
avg. weekly production
No. weeks' prod..
Inventories, end of period, as compared with
avg. weekly production
No. weeks' prod..
Ratio of stocks to unfilled orders (at cotton
mills), end of period
_. ,
Exports,rawcotton equiv thous. net-weight0bales
17.3
8.8
106.2
.408
55.5
17.1
8.0
93.2
.352
46.5
' 4, 095
312.0
9.1
11.5
12.2
10.6
11.3
14.8
11.9
13.0
15.6
'13.3
12.9
33.9
35.7
6.7
6.9
6.4
5.6
5.4
6.5
5.1
4.8
4.7
4.8
5.3
'5.0
4.8
3 .30
531.5
568.4
3.49
488.3
487.1
.73
36.0
24.6
.60
43.8
25.0
.53
43.8
27.6
.53
45.6
22.9
.48
37.5
29.8
.44
34.3
32.7
.43
38.1
40.6
.37
41.0
43.9
.38
49.8
63.9
.40
41.6
69.5
.34
39.9
77.5
.38
42.8
75.7
.37
41.6
60.9
8,085.3
Filament yarn (rayon and acetate)
do
533. 4
Staple incl tow (rayon)
do
645.4
Noncellulosic, except textile glass:
Yarn and monofilaments
do
3,443.0
Staple incl tow
do
2,780.6
Textile glass fiber
do
68? 9
Fiber stocks, producers', end of period:
Filament yarn (rayon and acetate)
mil. lb__
57.5
Staple incl tow (rayon)
do
73.9
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
do
392.3
Staple, incl. tow
do
321.3
Textile glass
fiber
do
98.1
Prices, manmade fibers, f.o.b. producing plant:
.61
V
• "R
(
' \ TiO 1
fin
1 18
Acrylic (spun), knitting 2/20, 3-61)
do
1.32
7,162.4
366.1
370.9
1,230.7
64 3
52 9
3,208. 9
2, 676. 4
540.1
979
5.0
1,164
1,051
4,714
s 13.8
902
7.9
MANMADE FIBERS AND MANUFACTURES
Manmade fiber broadwoven gray goods ratio:
Stocks to unfilled orders end of period*
1,695. 7
101 7
80 2
687.0
105.8
682.7
132.0
5 cjgg 5
424 6
122 4
781 5
605.4
126 9
923.4
791.6
139.0
925.8
854.8
151.8
618.6
51 2
45 4
61 3
34.0
55.3
619.8
44.9
618.6
51.2
5280.6
232.1
102.0
5331.6
298.0
110.9
255.5
233.0
102.4
266.9
220.2
95.0
280.6
232.1
.59
.61
U.28
1.22
.42
.61
.58
1.24
1.24
.38
.37
.61
1.22
.56
1.27
.33
.56
.56
1.27
1.26
.30
.30
.58
1.36
.28
.58
.58
1.40
1.40
. 24
.23
.58
.25
.26
3.20
3.33
Manmade fiber and silk broadwoven fabrics:
Production (qtrly.), total Q._
__mil. lin. yd..
Filament yarn (10090 fabrics 9
do
Chiefly rayon and/or acetate fabrics
do
Chiefly nylon fabrics
do
Spun yarn (100%) fab., exc. blanketing 9 -do
Rayon and/or acetate fabrics, blends
do
Polyester blends with cotton
do
Filament and spun yarn fabrics (combinations
5,923.3
1 ,962. 7
431.5
346.0
3,308. 8
294.5
2,381.2
5, 296. 2
1, 688 ?,
325.7
279. 0
3, 054. 0
172. 5
2, 373. 4
329.8
257.1
Manmade fiber manufactures:
Exports, m.nmade fiber equivalent*
mil. lbs_.
Yarn, tops, thread, cloth
__do__
Cloth, woven
do._
Manufactured prods., apparel, furnishings _. do..
Imports, manmade fiber equivalent*
do..
Yarn, tops, thread, cloth
do.
Cloth, woven
...
. ..do
Manufactured prods., apparel, furnishings. -do.
Apparel, total
do
Knit apparel.
... do
390. 73
224.11
150. 34
166.63
371. 25
76.22
55. 71
295. 03
25^. CO
175. 34
323. 73
188. 43
142. 89
135. 30
401. 70
70. 62
55. 41
331. 08
289. 00
194. 89
20.83
12. 51
9.52
8.32
24.38
4.78
3.93
19.60
17.16
11.79
24.50
14.80
11.37
9.70
28.76
5.04
3.90
23.72
20.11
13.77
31.56
18.41
12.50
13.14
27.85
5.76
4.44
22. 09
18.42
12.28
27.85
14.88
11.89
12.97
30.03
5.30
3.98
24.73
21.17
14.44
25.73
14.40
11.25
11.33
35.69
5.01
3.84
30.68
27.38
18.47
24.67
14.01
10.80
10.66
40.32
5.92
4.61
34.40
30.70
21.35
27.07
16.07
12.00
11.00
37.93
5.69
4.78
32.24
28.81
19.83
29.20
17.03
12.87
12.17
37.97
5.74
4.31
32.23
28.79
19.70
32.31
18.70
14. 89
13.61
41.04
6.65
5.23
34. 39
31.17
20.51
28.62
16.37
12.57
12. 24
35. 15
6.90
5.47
28. 25
24.50
16. 59
28.55
16. 92
12.50
11.64
33.81
6.52
5.24
27 29
23.00
14.24
26.13
15.44
10. 95
10. 69
35.97
7.48
5.86
28.49
23.85
15.57
27.22
15. 77
10.99
11.45
29. 44
5.70
4.56
23.74
20.31
12. 94
74.8
18.5
26.9
15.2
'94.1
'15. 9
33.6
17.0
5.8
1.4
1.4
.6
6.5
1.2
1.7
1.2
28.4
7.6
1.0
2.9
1.9
28.1
21.2
8.1
1.3
2.9
1.3
4.9
2.5
7.8
1.3
4.0
1.9
' 2 9.3
21.5
2.4
1.5
8.1
1.7
2.4
1.0
2 10.3
2.1
1.4
7.7
1.1
2.2
1.3
' 2 1.3
4.4
1.5
8.9
1.2
5.8
1.2
8.7
1.2
5.3
1.2
1.760
1 . 194
2.173
1 509
.858
1.803
1. 125
.775
1.788
1.138
.775
1.835
1. 340
.835
1.857
1.508
.875
1.941
1.556
.862
1.835
1.538
.850
1.813
1.712
.875
1.788
1. 725
.875
1.730
1.725
.875
1.718
1.725
.900
1.805
1.775
1.012
1. 795
1.775
1.050
1. 798
1.780
1. 075
1.830
81.0
7Q Q
.43
83.0
70.3
54.0
49 8
1, 522. 6
462.0
82.7
63.2
894. 9
51.9
704.8
1,369. 3
408.5
76.6
65.9
806.8
43.1
637.9
1,278.8
410.5
90.7
76.8
736.5
38.8
569.3
1,125.5
407.2
75.7
73.1
615.8
38.7
461.4
WOOL AND MANUFACTURES
Wool consumption, mill (clean basis):
Apparel class
_
....
mil. Ib
Carpet class
do...
Wool imports, clean yield..
do
Duty-free (carpet class)
do.
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
$ per Ib
Graded fleece, 3/6 blood
do
Australian, 64s, warp and half-warp
do
Wool broadwoven goods, exc. felts:
Production (qtrly )
mil lin yd
21.7
17 3
19 4
20.4
21.7
212.9
223.8
225.0
FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other), shipments, quarterly*...
_
_mil. sq.yds.
175.7
939.1
837.3
2
3
Revised.
1 Season average.
For 5 weeks; ether months, 4 weeks.
Monthly
average.
< Less than 500 bales.
5 Beginning 1st qtr. 1975, quarterly data omit production and stocks of saran and spandex yarn; for6 1974 and 1975, such
production (included in
7
annual data) totaled 11.9 and 11.7 mil. Ibs.
Acetate only.
For 11 months.
*New series. Cotton market pri^e (U.S. Dept. of Agriculture) available monthly back
to 1947. Manmade fiber gray goods (owned by weaving mills) ratio from Amer. Textile
Manufacturers Institute, based on BuCensus data; manmade fiber manufactures exports
r
available.
9 Includes data net shown separately.
1.738
1.075
SUKVEY OF CURRENT BUSINESS
S-40
1974
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
1975
| 1975
Annual
April 1976
Feb.
Mar.
Apr.
May
June
July
1976
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
20 154
22, 844
20, 347
21, 806
19 070
16, 853
17 790
17 654
1 315
1 211
8,171
8, 975
1,039
2 490
1 489
1 02 <
9,196
1 212
2 962
Mar.
TEXTILE PRODUCTS— Continued
APPAREL
Hosiery, shipments. .
,
thous. doz. pairs
Men's apparel cuttings:
Suit^t
thous. units
Coats (separate), dress and sportf
do
Trousers (separate), dress and sport J-. . _do ..
Slacks (leans-cut), casual* J
.thous. doz
Shirts dress sport, inc. knit outerwearj
do
217,905
1
16, 754
i 19, 098
1
158, 284
i 12, 294
1
36, 437
225, 514
15,346
18, 488
14, 380
10, 599
92, 685
12, 343
28, 113
1,094
1,009
7,370
1,021
2,295
1 031
946
7,137
1,267
2 040
18, 258
1 096
1,101
7,464
1.117
2,348
17 022
21, 297
1 200
1 199
894
734
7 147
7,229
1, 045
2 253
6,605
982
993
2 295
876
818
1 891
745
926
2,466
776
1 364 ' 1 227 1 429
875
816
1,028
8,009 ' 6, 667 9,510
1,014
'968
1,088
2,628
2,561 ' 2, 149
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (not), qtrly. total. _ _ .
mil. $
U.S. Government
.do
Prime contract
_.do
Sales (not), receipts, or billings, qtrly. total- -do. ._
U S Government
do
32, 704
19.390
30, 239
?6. 849
15, 196
28, 815
18, 606
26, 456
29, 205
17,211
6,530
3,882
6,010
6 879
3,814
5, 655
3,472
5, 002
7 325
4,149
' 8, 488
' 5, 713
7,749
' 7, 516
' 4, 771
8,142
5,539
7,695
7,485
4,477
Backlog of orders, end of period 9
do...
U.S. Government
do___
Aircraft (complete) and parts
.do
E n p i n e s (aircraft) and parts
do
Missiles, space vehicle systems, engines, propul
sion u n i t s , and pnrts _
_
mil $
Other related operations (conversions, modifications), products, services..
mil. $
35,516
20, 889
15, 489
3, 902
35, 126
22, 284
15, 499
3,580
35,167
20957
14 893
3,926
33, 497
20,280
13, 990
3,744
34,469
21,222
14,171
3,876
35, 126
22, 284
15, 499
3,580
6,643
6,315
6,553
6,041
' 6, 491
6,315
3,591
4,095
3 760
' 3, 956
4,095
4,976
65, 573
3,360
5,062
' 60, 480
3,228
10, 059
9,191
7,331
6,721
2,727
2,470
8, 985
8,076
6,713
6,073
2,272
2,003
577. 3
» 501. 1
° 410. 5
" 357. 3
* 166. 8
° 143. 9
8,867
7, 454
1,413
8,643
7,053
1,590
1,672
1,755
Aircraft (complete):
Shipments
A i r frame wehrht . .
Exports commercial
do
thons. Ib
mil $
3 572
539.2
6,595
460.6
442.2
5,381
215.3
496.6
6,151
319.5
529.6
6,071
352.9
415.4
4,689
190.7
336.4
4,318
210.4
291.2
3,379
237.6
430.7
4,966
316.3
301.2
3,677
177.7
456.2
5,512
224.7
' 264. 5
' 3, 162
160.1
308.1
3,927
229.0
652.4
571.3
492.6
436.8
159.8
134.6
772.3
691.6
586.2
529.9
186.2
161.7
807.2
721.4
612.6
555.2
194.6
166.2
840.9
753. 7
632.1
571.3
208.8
182.3
681.7
624.1
504.5
466.5
177.2
157.7
662.7
606.7
484.6
447.9
178.2
158.8
896.7
812.9
667.5
605.7
229.1
207.2
981.8
885.1
745.6
673.4
236.1
211.6
801.7
714.0
605. 9
535.4
195.8
175.6
772.9
698.9
579.5
528.2
193.4
170.6
855. 9
797.9
647.4
606.1
208.6
191.8
914.0
844.0
682.0
630.1
232.0
213.8
684
536
148
9.1
7.2
1.9
670
524
146
7.9
6.3
1.6
660
518
142
7.6
5.9
1.7
741
603
138
8.0
6.4
1.6
771
619
152
8.3
6.6
1.7
794
637
157
9.3
7.6
1.7
685
534
150
9.5
7.8
1.7
727
591
136
8.8
7.2
1.6
889
774
115
9.2
7.7
1.5
744
655
89
8.7
7.5
1.2
701
600
102
9.4
8.0
1.4
679
588
91
9.6
8.4
1.2
758
651
107
10.2
8.9
1.4
947
816
131
10.9
9.5
1.4
1,419
1,502
1,500
1,395
1,482
1,360
1, 568
1,440
1,584
1,437
1,602
1,444
1,466
1,487
1,436
1,637
1,513
1,664
1,484
1,631
1,443
1,541
1,419
1,502
1,520
1,476
1,567
1,461
1,587
1,464
2.6
2.3
2.6
2.9
2.7
2.6
2.3
2.5
2.8
2.5
2.4
2.3
2.1
2.0
1.8
51.87
44.32
15.84
521.9
5,955
412.5
MOTOR VEHICLES
Factory sales (from plants in U.S.), total
Domestic .
Passenger cars, total
Domestic
Trucks and buses, total
Domestic
thous..
do
do .
do
do
do
Retail sales, new passenger cars:
Total, not seasonally adjusted
thous..
DomesticsA
do
Imports A
do
Total seasonally adjusted at annual ratef
mil
DomesticsAt
-do
ImportsAt
.
do
Retail inventories, new cars (domestics), end of
period: A
Not seasonally ndlnsted
-thous..
Seasonally adjustedf ... .
do
[nventory-sales ratio, new cars (domestics) At
2.6
ratio..
Exports (Bureau of the Census):
600. 90
Passenger cars (new), assembled
thous
516. 59
To Canada
. .
do
214. 44
Trucks and buses (new), assembled
do--1m ports (Bureau of the Census):
Passenger cars (new), complete units
d o - - - 2, 572. 6
817.6
From Canada total
do
660.1
Trucks and buses If
do
a
640. 30
550. 81
223. 47
41.69
35.52
16.57
60.57
52.11
19.53
56.85
49.11
20.83
58.20
52.23
22.44
56.70
50.72
23.04
40.37
35.46
19.93
36.22
33.35
17.99
53.60
49.61
14.85
64.69
54.72
18.44
74.21
64.90
15. 29
59.49
43.95
20.27
45.45
35.38
15.42
2, 074. 7
733.8
466.3
128. 66
40.21
34.13
204. 91
92.55
39.41
166. 17
70.80
33.93
178. 88
72. 05
37.14
177. 15
64.96
41.04
176. 78
46.02
32.43
168. 89
47.53
33.71
139. 41
56.16
32.95
177. 92
74.01
40.54
179. 64
66.41
38.70
215. 93
61.93
58.65
242. 63
62.15
69.24
197. 78
70.05
60.12
Truck trailers and chassis, complete (excludes
detachables), shipments ©
number. . 207,883 ' 73, 063 ' 6, 154 '6,049 ' 6, 230
137,479 ' 39, 774 ' 3, 600 ' 3, 132 ' 3, 377
Vans
.
do
i 16, 359 i 8,072
Trailer bodies (detachable), sold separately.. do
'730
'
14, 922
2,936
Trailer chassis (detachable), sold separately. _do
805
226
134
' 6, 869 '5,818 ' 5, 671 r 5, 261 '5,616 ' 7, 680 ' 4, 904 ' 5, 725 ' 5, 220
' 3, 378 ' 2, 610 ' 2, 842 ' 2, 631 ' 3, 137 ' 4, 489 ' 2, 719 ' 3, 503 ' 3, 129
'436
'967 ' 1,020
'451
'960
'910
'204
'633
'397
25
161
181
112
49
121
16
183
78
6,674
3,870
583
32
Registrations (new vehicles):©
Passenger cars
Imports. Incl. domestically sponsored
Trucks
thous
do
do
1
1
* 8, 701
* 1, 369
i * 2, 657
4 8, 262
4 1, 501
4 2, 397
s 590. 0
5115.9
s 141. 6
s 635. 4
3 149. 0
3 177. 6
3 581. 3
3126.4
3 176. 8
4 656. 8
4 130. 8
* 197. 2
4 735. 6
* 137. 4
4 215. 7
4 764. 9
4 144. 7
4 222. 2
4735.8
4 150. 4
4 214. 9
44 738. 9
143. 6
4
219. 5
4 799. 2
4 120. 8
4 236. 3
4 632. 6
480.7
4191.4
4 820. 9
4 100. 7
4241.2
4676.7
489.3
4 205. 0
4 634. 5
487.3
4 194. 6
167,038
i 63, 243
i 97, 929
i 85, 276
90, 216
79, 009
72, 367
65, 845
33, 484
32, 259
40, 135
34, 025
5,699
5.538
2,031
2.031
83. 028
72, 156
6,947
6,794
4,021
4,021
78, 191
67, 472
5,836
5,332
1,485
1,485
73, 389
63, 174
5,975
5, 434
1,813
1,813
68, 007
58, 333
6,741
6,275
631
631
60, 890
51,682
5,116
4,545
2,498
1,373
58, 239
48, 477
4,782
4,074
6 2, 220
2,520
54, 662
45, 908
5, 521
4, 854
815
815
49, 612
41, 525
6,657
5,853
7,405
7,005
48, 540
40, 857
5,757
5,022
3,014
3,014
45, 741
38, 793
7,426
6,388
4,049
4,049
40,135
34, 025
5,102
4,429
4,275
1,525
39,172
30,985
4,787
4,069
1,587
1,587
35, 839
28, 370
1,375
6.4
98.32
71.49
1,359
8.6
99.09
72.89
1,367
6.7
97.94
71.66
1, 368
7.0
98.21
71.78
1,363
7.2
98.04
71.92
1,366
7.5
98.36
72.02
1,363
7.6
98.32
72.15
1,360
7.8
98. 58
72.49
1,363
8.0
98.68
72.40
1,362
8.2
98.70
72. 47
1,357
8.5
98.53
72.59
1,358
8.6
98.81
72. 77
1, 359
8.6
99.09
72.89
1,364
8.7
99.43
72.91
1,362
8.7
99.65
73.14
1,093.9
2 816. 2
2
277. 8
RAILROAD EQUIPMENT
Freight cars (new), for domestic use; all railroads
and private car lines (excludes rebuilt cars and
cars for export) :
Shipments
number
E q u i p m e n t manufacturers
do
New orders
do
Equipment manufacturers
do
Unfilled order^, end of period... .
do
Equipment manufacturers
do
Freight cars (revenue), class 1 railroads (AAR):§
N u m b e r owned, end of period
thous
Capacity (carrying), total, end of mo. .mil. tonsAverage per car
tons
2
' Revised.
1 A m m n l total include" revision? not distributed
by months.
Estimate
4
5
of production, not factory sales.
3 Excludes 2 States.
Excludes 1 State.
Omits 3
States.
e Reflects cancellation of cars previously ordered.
% Annual figures ("Apparel
1974" M23A74): Survey was expanded and classifications changed; not comparable with data
prior to 1973.
*New series. Data cover all types of men's jeans, but exclude dungarees,
overa^s, and work pants.
9 Total includes backloe for nonrelated products and services and basic research.
fRevised seasonally adjusted data (1971-74) are shown on p. 5 of the Mar. 1976 SURVEY.
r
r
ADomestics include U.S.-type cars produced in the United States and Canada; imports
cover foreign-type cars and captive imports, and exclude domestics produced in Canada.
lEffective Sept. 1973 SUKVEY, data include imports of separate chassis and bodies.
©Effective Feb. 1974 SURVEY, excludes shipments of dollies and converter gear.
©Courtesy of R. L. Polk &. Co.; republicaticn prohibited.
§ Excludes railroad-owned private refrigerator cars and private line cars.
« For one manufacturer, Jan. and Feb. 1975 sales are included in the Feb. data.
INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General :
Business indicators
.........................
1-7
Commodity prices
..............
.
...........
8, 9
Construction and real estate
.....
............
10, 11
Domestic trade
.............................
11-13
Labor force, employment, and earnings .......
Finance
...................................
Foreign trade of the United States
............
Transportation and communication
..........
13-17
17-22
22-24
24-25
Industry:
Chemicals and allied products. .
Electric power and gas ........ .
Food and kindred products; tobacco
Leather and products
25,26
26
27-30
30
Lumber and products
M etals and manufactures
Petroleum, coal, and products.. , .
Pulp, paper, and paper products..
31
31-34
34-36
36,37
Rubber and rubber products
Stone, clay, and glass products. . .
Textile products.
Transportation equipment
37
38
38-40
40
INDIVIDUAL SERIES
Earnings, weekly and hourly
15,16
Eating and drinking places
12,13
Eggs and poultry
3,8,9,29
Electric power
5,9,26
Electrical machinery and equipment
4,6,
7,9,14,15,20,23,24,34
Employment estimates
14
Expenditures, U.S. Government
19
Explosives
26
Exports (see also individual commodities).... 1,3,22-24
Failures, industrial and commercial
7
Farm income, marketings, and prices
2,3,8,9
Farm wages
16
Fats and oils..
9,23,29,30
Federal Government
finance
19
Federal Keserve banks, condition of
17
Federal Reserve member banks
17
Fertilizers
9,25
Fire losses
11
Fish
29
Flooring, hardwood
31
Flour, wheat
28
Food products . . . 1,4-6,8,9,11,14-16,20,22,23,27-30
Foreclosures, real estate
11
Foreign trade (see also individual commod.)
22-24
Foundry equipment.
34
Freight cars (equipment)
40
Fruits and vegetables
8,9
Fuel oil
35,36
Fuels
4,8,9,23,34-36
Furnaces
34
Furniture
4,9,12-15
Advertising
11,16
Aerospace vehicles
40
Agricultural loans
17
Air carrier operations
24
Air conditioners (room)
34
Aircraft and parts
7,40
Alcohol, denatured and ethyl
26
Alcoholic beverages
11,27
Aluminum
33
Apparel
1,4,8,9,11-16,40
Asphalt
35,36
Automobiles, etc
1,4,6,8,9,11,12,20,23,24,40
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gross national product
Gross national product, price deflators
Gross private domestic investment.
Gypsum and products.
Balance of international payments
Banking
Barley
Battery shipments
Beef and veal
Beverages
Blast furnaces, steel mills
Bonds, issued, prices, sales, yields
Brass and bronze
Brick
Building and construction materials
Hardware stores
12
Heating equipment
9, 34
Hides and skins.
9,30
Highways and roads
10,11
Hogs
28
Home electronic equipment
9
Home Loan banks, outstanding advances
11
Home mortgages
11
Hosiery
40
Hotels and motor-hotels
25
Hours, average weekly, aggregate
15
Housefurnishings
1,4,8,11,12
Household appliances, radios, and television sets.
4,
8,9,12,34
Housing starts and permits. .
10
3
17,18
27
34
28
9,11, 22, 23, 27
5-7
20, 21
33
38
4, 6,
7,11,31,38
Building costs
Building permits
Business incorporations (new), failures.
Business sales and inventories
Butter
10,11
10
7
5
27
Cattle and calves
28
Cement and concrete products
9,11,38
Cereal and bakery products
9
Chain-store sales, firms with 11 or more stores. . .
13
Cheese
27
Chemicals
5,6,9,14-16,20,23, 25, 26
Cigarettes and cigars
30
Clay products
9,38
Coal
5,9,23,34,35
Cocoa
,
23,29
Coffee
23,29
Coke
35
Combustion, atmosphere, heating equipment
34
Communication
2,20,25
Confectionery, sales
29
Construction:
Contracts
10
Costs
10,11
Employment, unemployment, hours, earnings.. 13-16
Fixed investment, structures
1
Highways and roads
10,11
Housing starts
10
Materials output indexes
11
New construction put in place
10
Consumer credit
18
Consumer expenditures
1
Consumer goods output, index
4
Consumer price index
8
Copper
,..
33
Corn.
27
Cost of living (see Consumer price index)
8
Cotton, raw and manufactures
8,9,22,38,39
Cottonseed oil
30
Credit, short- and intermediate-term
18
Crops
3,8,27,28,30,38
Crude oil
5,35
Currency in circulation
20
Dairy products
Debits, bank
Debt, U.S. Government
Deflators, GNP
Department stores
Deposits, bank
,
Dishwashers
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields
Drug stores, sales
3, 8,9,27
17
19
2
12,13
17, 20
34
.
16
27
2,3, 20,21
12,13
5,9,26
1,35
38
26
19
8,9,22,27,28
12,13
1
2
1
9,38
Imports (see also individual commodities)... 1,3, 23,24
Income, personal
,
2, 3
Income and employment tax receipts
19
Industrial production indexes:
By industry
4,5
By market grouping
4
Installment credit
13,18
Instruments and related products
4,6,14,15
Insurance, life
19
Interest and money rates
18
Inventories, manufacturers* and trade
5-7,11,12
Inventory-sales ratios
5
Iron and steel
4,9,11,20,23,31,32
Labor advertising index, stoppages, turnover
16
Labor force
13
Lamb and mutton
28
Lead
33
Leather and products
4,9,14-16, 30
Life insurance
19
Livestock. t
3,8,9, 28
Loans, real estate, agricultural, bank, brokers*
(see also Consumer credit)
11,17,18,20
Lubricants
35,36
Lumber and products
4,9,11,12,14,15, 20,31
Machine tools
34
Machinery
4,6,7,9,14,15,20,23,24, 34
Mail order houses, sales
12
Manmade fibers and manufactures
9,39
Manufacturers' sales (or shipments), inventories,
orders
,
5-7
Manufacturing employment, unemployment, production workers, hours, man-hours, earnings. . . 14-16
Manufacturing production indexes
4, 5
Margarine
29
Meat animals and meats
3,8,9,22, 23,28, 29
Medical and personal care
8
Metals
4-7,9,14,15, 20,22,23,31-33
Milk
27
Mining and minerals
2,4, 5, 9,14-16,20
Monetary statistics
19, 20
Money supply
20
Mortgage applications, loans, rates
11,17,18,19
Motor carriers
24
Motor vehicles
1,4,6,8,9,11,20,23,40
Motors and generators
34
National defense expenditures
..................
1, 19
National income and product
................
,.
1,2
National parks, visits
.........................
25
Newsprint
...................................
23, 37
New York Stock Exchange, selected data ........ 21, 22
Nonferrous metals
.................
4, 6, 7, 9, 20,23, 33
Noninstallment credit
.........................
18
Oats
........................................
Oils and fats
............................
Orders, new and unfilled, manufactures*
Ordnance
....................................
27
9, 23, 29, 30
.........
7
14, 15
Paint and paint materials
......................
9, 26
Paper and products and pulp. . . .
..............
4-6,
9,14-16,20,23,36,37
Parity ratio
..................................
8
Passenger cars
.............
1, 4, 6, 8, 9, 11, 12, 20, 23, 24, 40
Passports issued
..............................
25
Personal consumption expenditures
..............
1
Personal income
..............................
2, 3
Personal outlays
..............................
2
Petroleum and products
.......................
4-6,
8,9,14,15,20,23,35,36
Pig iron
.....................................
31, 32
Plant and equipment expenditures
..............
2
Plastics and resin materials
....................
26
Population
...................................
13
Pork
........................................
28, 29
Poultry and eggs
..........................
3, 8, 9, 29
Price deflators, implicit, GNP
..................
2
Prices (see also individual commodities)
.........
8, 9
Printing and publishing
.....................
4, 14-16
Private sector employment, hours, earnings ...... 13-16
Profits, corporate.
............................
2, 20
Public utilities
.....................
2, 5, 10, 20, 21, 26
Pulp and pulpwood
...........................
36
Purchasing power of the dollar
.................
9
Radio and television
........................
4, 1 1, 34
Railroads
.........................
2, 16, 17, 21, 24,40
Ranges
...........................................
34
Rayon and acetate
...........................
39
Real estate
...............................
11, 17, 19
Receipts, U.S. Government ......... .
..........
19
Recreation
...................................
8
Refrigerators
.....................................
34
Registrations (new vehicles)
......................
40
Rent (housing)
...............................
8
Retail trade
...........................
5, 7, 12-16, 18
Rice
........................................
28
Rubber and products (inch plastics)
............
5, 6,
9,14-16,23,37
Saving, personal
..............................
2
Savings deposits
..............................
17
Securities issued
..............................
20
Security markets
.............................
20-22
Services
.................................
1,8, 14-16
Sheep and lambs
............................
.
28
Shoes and other footwear
....................
9, 12, 30
Silver
.......................................
19
Soybean cake and meal and oil
.................
30
Spindle activity, cotton .
......................
39
Steel (raw) and steel manufactures ...... , . . , 23, 31, 32
Steel scrap
...................................
31
Stock market customer
financing
................
20
Stock prices, earnings, sales, etc
................
21 , 22
Stone, clay, glass products ......... 4-6, 9, 14, 15, 20, 38
Sugar. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,29
Sulfur
.......................................
25
Sulfuric acid
.................................
25
Superphosphate
..............................
25
Tea imports
.................................
29
Telephone and telegraph carriers
...............
25
Television and radio
........................
4, 11, 34
Textiles and products ....... 4, 6,9, 14-16, 20, 23, 38-40
Tin
.........................................
33
Tires and inner tubes
.............
. ...... 9, 12, 13, 37
Tobacco and manufactures
...........
5, 6, 8, 14, 15, 30
Tractors
.....................................
34
Trade (retail and wholesale)
...........
5, 11, 12, 14-16
Transit lines, local
............................
24
Transportation
.............
1, 2, 8, 14-16, 20-22, 24, 25
Transportation equipment ......... 4, 6, 7, 14, 15, 20, 40
Travel
......................................
24, 25
Truck trailers
................................
40
Trucks (industrial and other)
..................
34, 40
Unemployment and insurance
..................
13, 17
U.S. Government bonds
.......................
1 7-21
U.S. Government
finance
......................
19
Utilities
.........................
2, 5, 8, 10, 21, 22, 26
Vacuum cleaners
.............................
34
Variety stores
................................
i?« H
Vegetable oils . . ...... .
....................
23, 29,8 30
Vegetables and fruits
..........................
»9
Veterans* benefits.
............................
l«
Wages and salaries
.................
. ....... 2,3, 15, 16
34
Washers and dryers
.....................
.....
Water heaters ..... .
...............
• ....... • • Wheat and wheat
flour
........................
Wholesale price indexes ............ . . . . . . . . . . .
Wholesale trade ...... . ..... . .......... 5,7, 11 14-16
36
Wood pulp ....... ,
..........................
Wool and wool manufactures
................... 9,39
Zinc.
33
BEST SELLERA6AIN AVAILABLE!
AREA ECONOMIC
PROJECTIONS 1990
Prepared by the
U.S. DEPARTMENT OF COMMERCE
Bureau of Economic Analysis
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