Full text of Survey of Current Business : April 1987
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the BUSINESS SITUATION
THE pace of U.S. production picked
up in the first quarter of 1987. Real
GNP increased at an annual rate of
4V2 percent, following an increase of 1
v^rcent in the fourth quarter of 1986
(chart I).1
U.S. demand also picked up, but
was weaker than U.S. production for
the second consecutive quarter. Real
gross domestic purchases increased
1. Quarterly estimates in the national income and
product accounts are expressed at seasonally adjusted
annual rates, and quarterly changes in them are differences between these rates. Quarter-to-quarter percent changes are annualized. Real, or constant-dollar,
estimates are expressed in 1982 dollars.
The preliminary GNP estimates for the first quarter
are based on the following major source data: For personal consumption expenditures (PCE), retail sales
through March, and unit auto and truck sales through
March; for nonresidential fixed investment, the same
information for autos and trucks as for PCE, construction put in place for January and February, and manufacturers' shipments of machinery and equipment for
January and February; for residential investment, construction put in place for January and February, and
2x/2 percent, following a V2-percent decline in the fourth quarter.
Inflation, whether measured by
prices of U.S. production or by prices
of domestic purchases, accelerated 1
percentage point in the first quarter.
The GNP price index (fixed weights)
increased SVfe percent after a 2V2-percent increase; the price index for
gross domestic purchases (fixed
weights) increased 4x/2 percent after a
3V2-percent increase.
housing starts through March; for change in business
inventories, book values for manufacturing and trade
for January and February, and unit auto inventories
through March; for net exports of goods and services,
merchandise exports and merchandise imports for
January and February, and fragmentary information
on investment income for the quarter; for government
purchases of goods and services, Federal unified
budget outlays for January and February, and State
and local construction put in place for January and
February; and for GNP prices, the Consumer Price
Index for January and February, the Producer Price
Index through March, and the unit-value index for petroleum imports for January and February. Some of
the source data are subject to revision.
CHART 1
Selected Measures:
Change From Preceding Quarter
Percent
15
REAL
10
5
0
-5
-10
15
10
Looking Ahead . . .
• Pollution Abatement and Control Expenditures. Estimates of U.S. expenditures for pollution abatement and control for 1982-85 will be presented in the May issue of the SURVEY.
• U.S. Affiliates of Foreign Companies: Operations in 1985. Data and
analysis of the operations in 1985 of foreign-owned U.S. companies, by industry and by country of foreign owner, will be presented in the May
SURVEY. Key measures by State will also be presented. Selected data will
be available as of May 10.
• U.S. Multinational Companies: Operations in 1985. Data and analysis
of the operations in 1985 of U.S. parent companies and their foreign affiliates, by industry and by country of foreign affiliate, will be presented in
the June SURVEY. Selected data will be available as of June 22.
• U.S. International Transactions and Investment Position. Revised estimates of U.S. international transactions will be presented in the June
SURVEY, along with preliminary estimates of the first quarter of 1987.
The revisions cover 1982-86. For the first time, the services accounts will
include estimates of expenditures by foreign students and foreign medical
patients in the United States and of commissions on U.S. and foreign securities transactions. The same issue will present preliminary estimates
for yearend 1986 of U.S. assets abroad and foreign assets in the United
States and the sources of change in the investment position.
• Annual Revisions in the National Income and Product Accounts. Revised estimates will be presented in the July SURVEY. The revisions cover
the period beginning with the first quarter of 1984 and incorporate new
source data and seasonal factors.
-15
Note. — Percent change at annual rate from preceding quarter;
based on seasonally adjusted estimates.
U.S. Department of Commerce, Bureau of Economic Analysis
87-
SURVEY OF CURRENT BUSINESS
Real GNP
The increase in U.S. production in
the first quarter, for the most part,
went into inventories. With the exception of net exports, the major components of real final sales of GNP declined in the first quarter. A substantial decline in government purchases
was due to transactions of the Commodity Credit Corporation (CCC);
other government purchases increased. Net exports registered a sizable increase due to a drop in imports;
exports declined moderately.
Real inventory investment—that is,
change in business inventories—increased $59*/2 billion in the first quarter, as inventories swung from a decumulation of $28Vfe billion in the fourth
quarter to an increase of $31 billion
in the first (table 1). Together, farm
inventories and motor vehicle inventories accounted for more than fourfifths of the first-quarter swing in inventories. Most of the $22 billion
swing in farm inventories was due to
transfers of crops between farmers
and the CCC; thus, for GNP, the farm
inventory swing was nearly offset by
a $21 billion swing in the opposite direction in CCC inventories in government purchases.
Largely reflecting the pattern of
net crop placements with the CCC,
farm inventories increased $31/2 billion in the first quarter after an $18V2
billion decrease in the fourth. In the
fourth quarter, farmers had placed
large amounts of crops with the CCC
under the commodity loan program;
in the first quarter, crop placements
were substantially smaller. Commodity loan transactions are treated in the
Table 1.—Recent Patterns in Real Business
Inventories and Final Sales
[Billions of 1982 dollars, seasonally adjusted at annual rates]
Change
Level
1987
1986
preceding
Change in business
inventories
Farm.....
Motor vehicles
Other
Final sales
CCC inventory change
in government
purchases
Motor vehicles
Other
IV
-0.3 -28.5
8.3 -18.7
-21.0
5.8
12.4 -15.6
I
1986
1987
IV
III
I
31.0 -28.2
3.4 -27.0
34.1 26.8
-6.5 -28.0
59.5
22.1
28.3
9.1
3,686.7 3,724.5 3,704.1
37.8 -20.4
-2.5
22.2
1.4
169 2 1505 129 6
3,520.0 3,551.8 3,573.1
24.7 -20.8
187 209
31.8 21.3
NOTE.—Motor vehicle estimates are found in the National
Income and Product Accounts Tables, table 1.18 for autos and
1.20 for trucks. The other estimates are found in tables 1.2,
1.4, and 3.8B.
April 1987
fourth; inventories had been 1.18 million in the third. Reflecting declining
sales and rising inventories, the inventory-sales ratio rose to 3.0 in the
first quarter, the highest level since
the fourth quarter of 1981. The ratio
had been 2.0 in the fourth quarter of
1986 and 1.5 in the third. Faced with
the large buildup in inventories, manufacturers have scheduled a cutback
in production in the second quarter.
Sales of imported cars declined to
2.6 million—the lowest level in 2
years—from 3.6 million in the fourth
quarter. The decline was mainly in
sales of Japanese cars, for which
Motor vehicles.—Sales of new cars prices have increased rapidly, largely
fell to 9.4 million units (seasonally ad- due to the depreciation of the dollar
justed annual rate) in the first quar- against the yen. Inventories of Japater from 11.5 million in the fourth; nese cars have also built up substansales had been a record 13.2 million tially.
in the third quarter (chart 2). The
first-quarter decline was about evenly
CHARTS
divided between domestic and imported cars.
Retail Sales of New Cars
Sales of domestic cars fell sharply
from 9.7 million in the third quarter
to 7.9 million in the fourth and to 6.8
million in the first. Record sales in
the third quarter had resulted primarily from extensive incentive programs offered by automakers from
mid-August through September; sales
may have been "borrowed" from the
fourth quarter and the first part of
1987. When the programs were eliminated at the end of the third quarter,
sales fell sharply, although there was
a rebound at yearend that may have
reflected, to some extent, consumers'
response to prospective changes in the
Federal tax law. (Effective January 1,
1987, the Tax Reform Act of 1986
eliminated the deduction for State
sales tax and began phasing out the
deduction for interest payments on
consumer loans.) First-quarter sales
were dampened by the elimination of
the tax advantages and the absence of
extensive incentive programs. Further, some consumers may have postponed purchases, anticipating that extensive incentive programs may be offered again later in the model year.
Despite declining sales, domestic
automakers maintained production
levels; inventories, most of which are
held by dealers, built up. Domestic
car production increased slightly to
8.2 million units in the first quarter
from 7.9 million in the fourth; produc1983
1984
1985
1986
1987
tion had been 7.3 million in the third.
Seasonally Adjusted at Annual Rates
Domestic car inventories increased
Data: Motor Vehicle Manufacturers Association of the United States,
sharply to 1.71 million units in the
Inc., and Wards Automotive Reports; seasonally adjusted by BEA.
first quarter from 1.30 million in the U.S. Department of Commerce, Bureau of Economic Analysis
37-4-2
national income and product accounts
(NIPA's) as a purchase by the CCC
with an offset in farm inventories.
Largely reflecting net crop placements, CCC inventories increased
$1V2 billion in the first quarter after
a $22 billion increase in the fourth.
Motor vehicle inventories increased
$34 billion after a $6 billion increase
in the fourth quarter. The increases
came as motor vehicle output continued at a brisk pace despite sharp declines in sales. A discussion of recent
developments in motor vehicles, in
terms of units, follows.
SURVEY OF CURRENT BUSINESS
April 1987
the fourth. Motor vehicles and parts
dropped sharply in both quarters.
Furniture and household equipment
increased somewhat less than in the
fourth quarter. Other durables decreased, following a sharp fourthquarter increase that was partly attributable to purchases of the newly
issued "American Eagle" gold coin.
Nondurable goods increased 1 percent in the first quarter after changing little in the fourth. This slight increase was the net result of larger, divergent movements in the major components. An acceleration in expenditures on food may have been related
to a deceleration in food prices. Clothing and shoes increased strongly after
a decrease of similar magnitude.
Energy—gasoline and oil, and fuel oil
and coal—plunged after a strong increase; these sharp changes may have
been related to recent large fluctuations in energy prices. Other nondurables increased sharply after a moderate decrease.
Unit sales of new trucks declined to
4.4 million in the first quarter from
4.7 million in the fourth. Sales of domestic trucks were 3.7 million in both
quarters; sales of imported trucks declined to 0.7 million from 1.0 million.
Personal consumption expenditures
Real personal consumption expenditures (PCE) decreased l/2 percentage
point in the first quarter, the same as
in the fourth; in the third quarter,
PCE had increased 6 Vz percent (table
2). The recent quarterly changes in
PCE have been dominated by large,
erratic movements in motor vehicles,
which were, at least in part, related
to the timing of incentive programs.
If total expenditures for autos and
trucks during the past four quarters
are spread evenly over this period,
real PCE increased 2 to 2l/2 percent in
the third, fourth, and first quarters.
Expenditures for durable goods decreased lll/2 percent in the first quarter after a decrease of 11 percent in
Table 3.—Real Gross Private Domestic Fixed Investment
[Seasonally adjusted at annual rates]
Percent change from preceding
quarter
Billions of 1982 dollars
Level
Change from preceding quarter
II
Gross private domestic fixed investment
III
IV
1987
1986
1987
1986
1987:1
II
I
-19.0
III
IV
I
638.4
5.5
2.0
5.8
3.5
1.2
3.6
11 1
Nonresidential
Structures
Producers' durable equipment....
442.4
120.4
321.9
10
152
14.2
24
34
1.0
3.4
18
5.2
154
73
82
9
-35.2
19.6
21
98
1.2
3.0
54
6.6
128
210
96
Residential
196.0
6.4
4.5
2.5
37
14.5
9.7
5.2
72
NOTE.—Percent changes in major aggregates are found in the National Income and Product Accounts Tables, table 8.1. Dollar
levels are found in table 1.2.
Table 2.—Real Personal Consumption Expenditures
[Seasonally adjusted at annual rates]
Percent change from preceding
quarter
Billions of 1982 dollars
Level
Change from preceding quarter
II
III
1987
1986
1987
1986
1987:1
IV
I
II
III
IV
I
2,443.1
35.7
39.6
2.2
-2.7
6.2
6.7
-0.4
-0.4
Durables
Motor vehicles and parts
Furniture and household equipment
Other durables
362.5
147.0
146.3
69.2
11.7
6.4
4.8
.6
34.5
27.5
4.2
2.8
112
182
1.9
5.1
-17.9
-18.3
1.1
-.8
14.3
18.2
15.1
4.0
44.6
91.4
12.6
19.3
-11.0
-34.2
5.4
35.3
-17.5
-37.5
3.1
-4.5
Nondurables
Food
Clothing and shoes
Energy 1
Other nondurables
877.7
443.9
157.6
120.3
156.0
16.7
3.1
4.7
9.8
-.9
-1.9
-6.3
.6
3.5
.4
-.3
.8
-2.4
2.6
-1.3
2.6
5.2
2.3
-9.5
4.6
8.0
2.8
12.9
38.7
-2.3
.9
5.6
1.5
12.2
1.1
-.1
.7
-6.0
8.4
3.4
1.2
4.8
6.1
26.2
12.7
Services
Housing . .
Household operation
Energy 2
Other
Transportation
Medical care
Other services
1,202.9
357.6
150.9
75.8
75.0
88.5
251.3
354.7
7.4
2.6
1.6
.7
.9
1.0
2.0
.2
7.0
2.4
2.3
1.6
.8
1.7
1.7
-1.3
9.2
2.5
.2
.6
-.4
.3
2.1
4.2
12.7
2.5
-1.7
2.2
.3
2.2
2.5
7.3
2.6
3.0
4.4
3.8
5.0
4.9
3.3
.2
2.4
2.8
6.3
8.7
4.3
8.3
2.8
1.5
3.2
2.9
.5
3.1
-2.1
1.4
3.4
5.0
4.3
2.8
-4.4
-10.8
1.6
10.6
4.1
8.3
Personal consumption expenditures
1. Gasoline and oil, and fuel oil and coal.
2. Electricity and gas.
NOTE.—Percent changes in major aggregates are found in the National Income and Product Accounts Tables, table 8.1. Dollar
levels are found in table 2.3.
Services increased 4V2 percent in
the first quarter, following a 3-percent
increase in the fourth. The acceleration was largely in transportation
services, where the introduction of
large discounts by many major airlines appears to have stimulated
travel, and in other services, due to a
sharp increase in brokerage commissions as stock market activity picked
up. Housing services and medical care
services each registered an increase
similar to that in the fourth quarter.
Household operation services decreased after changing little in the
fourth quarter; electricity and gas declined in the first quarter because of
mild winter weather in many parts of
the country.
Nonresidential fixed investment
Real nonresidential fixed investment declined 13 percent in the first
quarter, following a 3-percent increase in the fourth (table 3). Both
structures and producers' durable
equipment (PDE) registered sizable
drops: Structures continued a downtrend, and PDE reversed itself after
increases.
In structures, declines were widespread in the first quarter, but commercial and industrial buildings accounted for the bulk of the drop.
Within commercial structures, office
buildings once again were weak, reflecting previous overbuilding and
high vacancy rates. Petroleum exploration and drilling declined, after increasing in the fourth quarter for the
first time in seven quarters.
In PDE, motor vehicles—which account for about 15 percent of the
total—accounted for about 40 percent
of the decline; an increase in truck
purchases was more than offset by a
drop in automobiles. Declines were
also substantial in information processing equipment and general industrial equipment. Some of the decline
in nonmotor vehicle PDE appears to
reflect efforts of businesses late in
1986 to accelerate purchases of equipment—i.e., to shift planned purchases
from 1987 into the fourth quarter of
1986—in order to qualify for depreciation in 1986.
Residential investment
Real residential investment declined 7 percent in the first quarter,
following a 5-percent increase in the
fourth. Multifamily construction accounted for more than one-half of the
April 1987
SURVEY OF CURRENT BUSINESS
decline; single-family construction
dipped only slightly. Other residential
investment—which includes major additions and alterations, mobile home
sales, and brokers' commissions on
house sales—also declined.
The sharp drop in multifamily construction followed modest declines in
the previous two quarters. The weakness reflected the lagged impact of
sharp declines in multifamily starts
last year (chart 3). At 542,000 (seasonally adjusted annual rate) in the first
quarter, multifamily starts were 24
percent below the year-earlier level.
The drop in starts, in turn, represented a reaction to high vacancy rates,
particularly in regions heavily dependent on energy production and agribusiness.
The slight dip in single-family construction followed eight consecutive
quarterly increases and occurred despite a small increase in starts in the
fourth quarter (according to revised
Census Bureau data) and a large increase in the first. The dip reflected
the lagged impact of weak starts in
the third quarter of last year and a
decrease in the average value of new
houses in the first quarter. Mortgage
interest rates continued to decline,
but the pace slowed markedly during
the quarter (chart 4).
The decline in other residential investment was largely accounted for by
a drop in brokers' commissions. Sales
of both new and existing houses declined from the fourth quarter to January-February.
Inventory investment
Real inventory investment swung
to an increase of $59V2 billion in the
first quarter, as inventories registered
substantial accumulation after substantial decumulation in the fourth
quarter (table 4). Both farm and nonfarm inventories contributed to the
swing. Changes in farm inventories,
as described earlier in the article,
largely reflected net placements of
crops with the CCC.
Nonfarm inventories accumulated
$27% billion in the first quarter, following decumulation in the two preceding quarters. Most of the firstquarter accumulation was accounted
for by retail auto dealers' inventories,
which increased $24 billion after two
CHART 3
Housing Starts
Millions of units
1983
Data: Census
1984
1985
1987
1986
Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis
quarters of decline.2 The accumulation in nonfarm inventories other
than those held by retail auto dealers
amounted to $3Vfe billion in the first
quarter after a decumulation of $8%
billion in the fourth.
The swing in other nonfarm inventories was accounted for by wholesale
trade. Inventories of both merchant
wholesalers of durables and nonmerchant wholesalers of nondurables accumulated after declining in the
fourth quarter. The first-quarter accu2. The estimates for inventories of retail auto dealers, which are derived from Census Bureau book value
inventory data, cover most auto inventories—including inventories of new and used autos, domestic and
foreign—but do not include those held by manufacturers and wholesalers. The data for retail auto dealers
cover, in addition to autos, some trucks and other motorized vehicles, and also parts. The change in business inventory estimates for retail auto dealers differ
in terms of sources and coverage from the changes in
inventories of autos and trucks that are part of the
motor vehicle output estimates.
mulation for merchant wholesalers
apparently reflected efforts to restock
off-the-shelf machinery and equipment items, following a sharp runoff
at the end of 1986. The accumulation
for nonmerchant wholesalers was in
inventories held in petroleum bulk
terminals and stations. Manufacturing inventories continued to decumulate, but the rate slowed. The decumulation was largely in inventories of
durable goods, mainly primary metals
arid nonelectrical machinery.
Reflecting rising inventories and
declining sales, the constant-dollar
ratio of total inventories to total final
sales increased to 3.18 in the first
quarter from a low of 3.13 in the
fourth. A variant of the ratio that is
adjusted for the impact of CCC inventory transactions on both inventories
and final sales increased to 3.31 in
the first quarter from 3.28 in the
Table 4.—Change in Real Business Inventories
[Billions of 1982 dollars; seasonally adjusted at annual rates]
Change from preceding quarter
Level
I
Change in business inventories
Farm
Nonfarm
Manufacturing
Wholesale trade
Retail trade
Other
II
III
IV
39.9
15.1
-0.3
-28.5
2.9
37.0
-5.3
6.9
28.3
7.1
4.1
11.0
1.0
5.1
40
8.9
8.3
-8.6
-6.5
9.7
131
1.2
I
31.0
187
3.4
-9.8
-3.3
-5.2
20
.7
27.7
-2.0
8.6
21.2
-.2
1987
1986
1987
1986
I
II
III
IV
-24.8
-15.4
-28.2
59.5
-27.0
22.1
-1.2
3.2
-14.9
11.1
-.5
37.5
1.3
13.8
23.2
-.9
1.2
260
6.3
-1.8
-32.3
1.8
4.2
196
-7.5
4.6
-9.1
77
NOTE.—Dollar levels for inventories are found in the National Income and Product Accounts Tables, table 5.11.
April 1987
SURVEY OF CURRENT BUSINESS
CHART 4
Selected Interest Rates
Percent
16
1983
1984
1987
1986
1985
Data: FRB, FHLMC.
U.S. Department of Commerce, Bureau of Economic Analysis
fourth. (See the August 1986 "Business Situation" for a discussion of this
variant and a guide as to when it may
provide useful perspective on the published ratio.) Both the ratio and the
variant indicate that, from a historical perspective, inventories remained
on the low side relative to sales.
$15% billion in the fourth. The firstquarter increase was more than accounted for by a substantial decline in
imports; exports declined moderately
in the first quarter. The fourth-quarter increase in net exports, in contrast, had been almost entirely accounted for by a substantial increase
in exports.
Imports declined $15V2 billion, or 11
percent, in the first quarter, compared with a slight decline in the
fourth (table 5). The dropoff was
largely accounted for by merchandise
Net exports
Real net exports of goods and services increased $14 billion in the first
quarter, following an increase of
Table 5.—Real Net Exports of Goods and Services
[Seasonally adjusted at annual rates]
Billions of 1982 dollars
Level
1987:1
Net exports of goods and services
-134.2
Change from preceding quarter
1986
II
-28.0
III
Percent change from preceding
quarter
IV
I
1987
1986
1987
II
III
IV
I
9.4
15.3
13.8
Exports
Merchandise
Agricultural
Nonagricultural
Services
384.2
248.3
32.0
216.3
135.9
94
48
-3.5
-1.3
-4.6
11.4
11.6
3.7
7.9
-.2
14.6
13.0
3.9
9.1
1.6
-1.6
-3.5
-1.9
-1.6
1.9
-9.8
-8.0
-39.3
-2.5
128
13.3
22.0
69.3
16.7
-.6
16.7
23.6
63.0
18.6
4.9
-1.6
54
20 6
-2.9
5.8
Imports
Merchandise
Petroleum
Nonpetroleum
Services
518.4
416.5
67.4
349.1
101.9
18.5
20.2
16.1
4.0
17
20.9
23.2
13.2
10.0
23
7
35
-8.4
5.0
2.8
154
160
-11.6
-4.5
.6
15.8
22.2
166.0
4.9
-6.5
17.3
24.4
92.5
12.3
-8.8
5
-3.2
-33.2
5.9
11.9
-11.1
-14.0
-47.0
50
2.4
NOTE.—Percent changes in major aggregates are found in the National Income and Product Accounts Tables, table 8.1. Dollar
levels are found in tables 4.2 and 4.4.
imports, both petroleum and nonpetroleum products.
Imports of petroleum dropped $11 Va
billion in the first quarter, following a
decrease of $8V2 billion in the fourth;
in the two preceding quarters, imports had jumped to unusually high
levels. These sharp changes were
largely responses to movements in
world petroleum prices.
Imports of nonpetroleum products
decreased $4x/2 billion in the first
quarter, in contrast to an increase of
$5 billion in the fourth. The firstquarter decrease, which was largely
in autos and in capital goods except
autos, appears to reflect the effects of
several quarters of increasing prices.
Imports of services were up less
than in the fourth quarter. The slowdown was in both investment income
and other services.
Exports decreased $1% billion, or
1V2 percent, in the first quarter, in
contrast to double-digit increases in
the two preceding quarters. The firstquarter decline was primarily in merchandise exports, both agricultural
and nonagricultural. The decline in
nonagricultural exports was largely
in industrial materials and supplies
and in capital goods except autos.
Some major U.S. export markets continued to experience sluggish demand.
Demand for U.S. exports by several
Latin American countries remains
constrained by their foreign debt
burden, and that by oil-exporting developing countries by relatively low
oil prices. Demand for U.S. exports by
Cananda, Mexico, and the newly industrialized Asian countries has not
had price stimulus from a declining
dollar, because its value has not
changed appreciably against the currencies of those countries. Further,
those countries provide stiff competition for U.S. products in other export
markets.
Agricultural exports declined $2 billion, following strong increases in the
third and fourth quarters. Although
U.S. farm products have been more
price competitive in foreign markets
in recent quarters as a result of the
decline in the dollar and the implementation of the Food Security Act of
1985, U.S. exports continued to be restrained by an oversupply of grains in
the world market. Moreover, the U.S.
dollar has not significantly declined
against the currencies of some of its
major competitors, such as Australia,
April 1987
SURVEY OF CURRENT BUSINESS
6
Canada, and, more recently, Argentina and Brazil.
U.S. exports of services increased
about the same as in the fourth quarter. Investment income was up slightly after a decline, and other services
increased less than in the fourth
quarter.
Government purchases
Real government purchases declined $12V2 billion, or 6l/2 percent, in
the first quarter, following an increase of $19 billion, or 10 Vk percent,
in the fourth (table 6). These changes
reflected the pattern of net crop
placements with the CCC; government purchases less CCC inventory
change increased in the first quarter
after declining in the fourth.
Federal national defense purchases
increased in the first quarter after declining in the fourth. Both the increase and the decline were spread
across the categories of durables
goods, nondurable goods, and services
other than compensation of employees. Federal nondefense purchases
other than CCC inventory change continued a downtrend that has persisted
for six quarters. The first-quarter decline was widespread among the categories of goods and services.
State and local government purchases increased more than in the
fourth quarter. The pickup was due to
a turnaround in highway construction, which increased $lVfe billion in
the first quarter after a decline of
that amount in the fourth.
Prices
GNP prices and gross domestic purchases prices both accelerated 1 percentage pointx in the first quarter
(table 7). At 4 /2 percent, the increase
in the price index for gross domestic
purchases remained 1 percentage
point higher than that for GNP; the
difference reflected the much larger
increase in import prices than in
export prices. (Import prices are subtracted out in deriving GNP prices
but not in deriving gross domestic
purchases prices; export prices are included in GNP prices but not in gross
domestic purchases prices. For a discussion of conceptual differences between the two price measures, see the
section on "Aggregate Price Measures" in the February 1987 "Business
Situation/') A sharp acceleration in
merchandise import prices in the first
quarter was due to petroleum prices,
which surged 138 ¥2 percent after a
54V2-percent increase in the fourth
quarter. The large increases came
after OPEC members had agreed to
reinstate production quotas in
August. Other merchandise import
prices increased at about the 7-percent rate registered in the fourth
quarter.
The acceleration in gross domestic
purchases prices in the first quarter
was largely attributable to a sharp
turnaround in energy prices, which
increased 23V2 percent after six quarters of decline. Food prices increased
about one-half as much as in the
fourth quarter. The slowdown was
evident in meat prices, which had increased strongly in the second half of
1986, and in milk and fresh vegetable
prices.
Prices of other gross domestic purchases were affected in both the
fourth and first quarters by developments relating to compensation of
government employees. In the fourth
quarter, prices were boosted a few
tenths of a percentage point by a onetime employer contribution to a pension fund administered by Los Angeles County; this contribution is treated in the NIPA's as a temporary increase in the price of employee serv-
Table 6.—Real Government Purchases of Goods and Services
[Seasonally adjusted at annual rates]
Percent change from preceding
quarter
Billions of 1982 dollars
Level
Change from preceding quarter
II
III
1986
1987
1986
1987:1
IV
II
I
III
1987
IV
I
756.9
17.0
8.2
18.9
-12.4
9.7
4.5
10.5
-6.3
Federal
National defense. ..
Nondefense ... .
Commodity Credit Corporation inventory
change .
Other
332.3
258.4
73.9
8.5
10.6
-2.2
2.0
10.1
80
17.7
-6.9
24.6
-16.3
5.9
222
11.0
19.0
103
2.5
17.2
346
23.2
102
226.3
174
9.7
-65.0
1.4
72.5
19
3
70
10
24.7
I
208
14
53
-.5
State and local
424.6
8.5
6.2
1.2
3.9
6.1
1.1
Government purchases of goods and services
-1.6
8.7
-7.3
3.8
NOTE.—Percent changes in major aggregates are found in the National Income and Product Accounts Tables, table 8.1. Dollar
levels are found in table 3.8B.
ices purchased by State and local government. In the first quarter, prices
were boosted about Vfe percentage
point by a 3-percent pay raise for Federal civilian and military personnel;
such a pay raise is treated in the
NIPA's as an increase in the price of
employee services purchased by the
Federal Government. If the volatile
food and energy categories and the
developments related to government
employee compensation are excluded
from gross domestic purchases prices,
inflation in each of the past two quarters was about SVfe percent.
The increase in PCE prices picked
up to 5 percent in the first quarter;
the acceleration was accounted for by
energy prices—particularly gasoline
and oil prices, and fuel oil and coal
prices. Increases in the prices of the
nonresidential fixed investment components remained small to moderate;
residential investment prices accelerated to 5l/2 percent. Prices paid by
government again accelerated, but increases in both quarters were affected
by the developments related to employee compensation. Excluding these
developments, prices paid by government increased 3 percent in the
fourth quarter and 3x/2 percent in the
first.
Table 7.—Price Indexes (Fixed Weights):
Change From Preceding Quarter
[Percent change at annual rates; based on seasonally adjusted
index numbers(1982=100)]
1987
1986
IV
I
2.6
1.7
-13 — 1.7
-.1
2.7
-.2
8.4
3.6
3.1
13.5
.4
2.8
3.5
4.4
.3
2.8
3.4
4.4
-4
1.5
2.6
4.7
3.4
1.0
1.3
3.5
1.7
2.3
3.7
3.8
4.8
2.5
.2
5.6
4.7
1.5
7.0
3.2
3.3
5.6
-8.0
3.9
2.6
23.5
3.7
II
GNP
Plus' Imports
Equals: Gross domestic purchases...
III
-15.5
Less: Change in business
Equals: Final sales to domestic
purchasers
Personal consumption
expenditures
Nonresidential structures
Producers' durable equipment
Residential investment
Government purchases
Addenda: Categories of gross
domestic purchases:
Food 1
Energy 2
Other
1.0
2.6
2.1
-354 -142
1. Consists of all components of gross domestic purchases for
which separate estimates are prepared. The major component
that is not included is purchases of food by the Federal
Government other than transactions by the Commodity Credit
Corporation.
2. Consists of all components of gross domestic purchases for
which separate estimates are prepared. The major components
that are not included are the gasoline and motor oil portions
of inventories held by gasoline service stations and the energy
portions of inventories held by businesses that do not produce
energy for sale.
NOTE.—Percent changes in major aggregates are found in
the National Income and Product Accounts Tables, table 8.1.
Most index number levels are found in tables 7.1 and 7.3.
SURVEY OF CURRENT BUSINESS
April 1987
billion by special bonus payments to
auto workers. The step-up in governPersonal income increased $57 ¥2 ment wages and salaries in the first
billion in the first quarter, following a quarter was accounted for by the pay
$29 billion increase in the fourth raise for Federal civilian and military
(table 8). Nearly all of the major com- personnel.
Federal agricultural subsidy payponents of personal income contributed to the step-up. Disposable personal ments again were a significant factor
income jumped in the first quarter, as in farm proprietors' income, which inthe strong increase in personal creased $7V2 billion in the first quarincome was augmented by a decline ter after increasing $1% billion in the
in personal tax and nontax payments. fourth. In the first quarter, subsidy
Personal saving increased after two payments—largely final deficiency
payments on the 1986 cotton and rice
quarters of decline.
Wage and salary disbursements crops and initial deficiency payments
continued to pick up in the first quar- on all 1987 program crops—amounted
ter—to a $32V2 billion increase from a to $20 billion. (Deficiency payments
$28 Vb billion increase in the fourth are payments by the government to
quarter. All of the major private in- farmers when the market price of a
dustry components except manufac- crop is below the target price set by
turing strengthened, largely reflect- the CCC.) In the fourth quarter, subsiing further gains in employment. dy payments—largely final deficiency
Manufacturing wages and salaries payments on the 1986 wheat crop—
were up less than in the fourth quar- had totaled $9x/2 billion. Farm income
ter, when they had been boosted $2 excluding subsidies declined for the
fifth consecutive quarter; the $3 bilTable 8.—Personal Income and Its Disposition: lion first-quarter decline reflected
both lower production and lower
Change From Preceding Quarter
prices. Nonfarm proprietors' income
[Billions of dollars; seasonally at adjusted annual rates]
increased somewhat more than in the
1987
1986
fourth quarter, reflecting pickups in
I
II
IV
III
construction, retail trade, and services.
28.7
22.3
Wage and salary disbursements
32.4
14.7
Manufacturing
12
24
17
54
Personal interest income turned
Other commodity-producing
2.2
1.1
.5 -.2
9
Distributive
40
67
56
around after four consecutive quarServices
11 7 113 106 126
Government and government
ters of decline. The increase, which
enterprises
86
60
5.9
53
amounted to $2V2 billion, largely reOther labor income
24
26
31
28
flected the leveling off in the decline
Proprietors' income ...
57 147
238 116
Farm
74
14
15 1 199
in interest rates.
Nonfarm
84
73
4.2
87
3
The step-up in transfer payments—
Rental income of persons
14
35
^
7
Personal dividend income. . .
14
9
20
to a $9 billion increase—was largely
7
Personal interest income
23
86
63
89
33
84
Transfer payments
....
54
due to cost-of-living adjustments
Less: Personal contributions for
(COLA's) to benefits paid under social
social insurance
52
13
16
9
security and several other Federal rePersonal income
507 155 29 1 57 4
tirement and income support proLess: Personal tax and nontax
grams. The COLA's, which became ef159 -117
73 14.2
payments
fective in January, added $3V2 billion
Equals: Disposable personal
1.4 13.1 69.0
income
43.4
to transfer payments in the first quar34.1
23.0
36.1 70.3
Less: Personal outlays
ter.
99 350
7 5 690
Equals' Personal saving
First-quarter changes in most of the
Addenda: Special factors in
remaining components of personal
personal income:
income were relatively small. Among
In wages and salaries:
Federal Government and
these components, rental income of
Postal Service pay
2
4
0
2.7
adjustments
persons and personal dividend income
In farm proprietors' income:
contributed to the step-up in personal
4.7 10.4
Agricultural subsidy payments.. 15.4 -14.2
income in the first quarter. Personal
In transfer payments:
Social security retroactive
contributions for social insurance,
2.0 — 2.0
.3
-.5
payments
Cost-of-living increases in
which are subtracted in deriving the
Federal transfer payments
3.6
personal income total, increased conIn personal contributions for
social insurance:
siderably more than in the fourth
Social security base changes
and increase in premium for
quarter; first-quarter contributions
supplementary medical
insurance
20
were boosted $2 billion by an increase
in the taxable wage base for social se1. For more information on personal tax and nontax payments, see table 9.
curity from $42,000 to $43,800 and an
NOTE.—Most dollar levels are found in the National Income
and Product Accounts Tables, table 2.1.
increase in the monthly premium for
Personal Income
supplementary medical insurance
from $15.50 to $17.90.
A substantial decline in personal
tax and nontax payments in the first
quarter largely reflected direct and
indirect effects of the Tax Reform Act
of 1986. Estimates of these effects are
shown in table 9. (For an analysis of
major provisions of the act, see the article "The Tax Reform Act of 1986" in
the March 1987 SURVEY.)
Federal tax payments dropped
sharply, as the impact of the tax law
change more than offset an increase
in taxes due to growth in the taxable
earnings base. A large reduction in
Federal withheld income taxes in the
first quarter came about in two ways.
First, the tax act, on balance, lowered
withholdings by reducing rates, by increasing the personal exemption, and
by replacing the zero bracket amount
with a standard deduction. Second,
underwithholding occurred in the
first quarter because the new Internal
Revenue Service graduated withholding tax tables were applied to the
number of allowances on file for 1986.
The 1986 allowances were used by
many employers in calculating the
initial 1987 withholding because most
employees had not yet filed a new
Form W-4, which is designed to bring
withholding closer to tax liability. In
contrast, the tax act, on balance,
raised declarations (estimated tax
payments) and net settlements (final
tax payments less refunds of the preceding year's taxes) in the first quarter. Declarations and net settlements
Table 9.—Personal Tax and Nontax Payments:
Change From Preceding Quarter
[Billions of dollars, seasonally adjusted at annual rates]
1
1986
Personal tax and nontax payments
Federal
Tax Reform Act of 1986 1
Withheld income taxes
Declarations and net settlements
Income deferral and deduction
acceleration
Acceleration of capital gains
realizations
Other provisions
Estate and gift taxes
Other
State and local
Tax Reform Act of 1986 2
Other
1987
IV
I
15.9
-11.7
10.3
-11.0
221
336
12.4
-13.8
10.3
5.8
2.2
3.6
15.6
10.6
9
11.1
-.8
-3.6
2.8
1. The estimate of the impact of the Tax Reform Act of 1986
on withheld income taxes differs from that shown in table 1 of
the March 1987 Survey article "The Tax Reform Act of 1986"
because BEA has made an independent estimate to incorporate
the new IRS tax table and to take into account the timing of
filings of the new Form W-4.
2. Estimate of indirect effects of the Tax Reform Act of 1986
on State and local personal tax payments.
NOTE.—The estimates of tax payments in this table are
subject to large uncertainties. They are based on fragmentary
information and thus are subject to larger than usual revision
as actual payments data become available later in 1987.
8
were reduced to the extent that taxpayers, faced with a 2-year phased reduction in tax rates and the elimination—or limitation—of many deductibles, deferred income and/or accelerated deductions to minimize their tax
liability in 1986; declarations and net
settlements were raised to the extent
that taxpayers shifted realization of
capital gains into 1986 to take advantage of the lower tax rate. In addition,
other tax act effects, particularly the
repeal of the investment tax credit,
raised declarations and net settlements in the first quarter.
State and local tax payments decreased in the first quarter, following
an unusually large increase in the
fourth. Fourth-quarter payments had
included indirect impacts of the
changes in the Federal tax law; payments were raised to the extent that
taxpayers elected to pay State taxes
on capital gains—as well as other
State income taxes—in the fourth
quarter in order to maximize the
State income tax deduction on the
Federal tax return for liability year
1986, when the Federal marginal tax
rates were higher. In the first quarter, payments were lowered to the
extent that taxpayers deferred income
and/or accelerated deductions to minimize their tax liability in 1986.
Reflecting the strength in personal
income and the decrease in personal
tax and nontax payments, disposable
personal x
income (DPI) jumped $69 billion, or 9 /2 percent, in the first quarter, following an increase of $13 billion, or 2 percent, in the fourth. Without the special factors affecting
income and taxes, DPI still would
have accelerated—to a $29 billion increase from a $12% billion increase.
Despite some acceleration in prices,
real DPI improved considerably after
two quarters of deterioration. Real
DPI increased 4 percent in the first
quarter after a IVk-percent decline in
the fourth.
Personal outlays—largely PCE—
were up somewhat more than in the
fourth quarter, but the difference
paled alongside that for DPI. As a
result, personal saving swung sharply—to a $35 billion increase from a
$10 billion decline in the fourth quarter. The personal saving rate climbed
1.1 percentage points to 3.6 percent in
the first quarter.
SURVEY OF CURRENT BUSINESS
April 1987
CHART 5
Profits From Current Production
Billion $
350
300 -
250 -
200 -
150
-
100
50
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
U.S. Department of Commerce, Bureau of Economic Analysis.
Corporate Profits in 1986
Profits from current production—
profits before tax plus inventory valuation adjustment (IVA) and capital
consumption adjustment (CCAdj)—increased $20 billion in 1986, the fourth
year of economic recovery and expansion, following increases of $16 billion
in 1985, $51 billion in 1984, and $63y2
billion in 1983 (chart 5).3
A little more than one-half of the
1986 increase—$10% billion—was in
domestic profits of financial corporations, primarily insurance. Domestic
profits of nonfinancial corporations
increased $6 billion, reflecting a
modest increase in real product combined with a small increase in unit
profits (although profit margin—unit
profits as a percent of unit price—
slipped slightly). The increase in unit
profits reflected a slightly larger increase in unit prices than in unit
costs. Profits from the rest of the
world increased $3V2 billion.
3. Definitions of IVA and CCAdj are available in a
number of sources, including U.S. Department of Commerce, Bureau of Economic Analysis, The National
Income and Product Accounts of the United States,
1929-82: Statistical Tables (Washington, DC: GPO,
September 1986), pp. x-xi.
Profits before tax (PBT) increased
$14% billion in 1986; profits tax liability, $11 % billion; and profits after
tax, $2% billion. One-half of the relatively sharp increase in tax liability
resulted from retroactive provisions of
the Tax Reform Act of 1986.
The IVA increased $7 billion, from
negative $¥2 billion to $6% billion.
The last time the annual IVA was
positive—indicating a decline in inventory prices—was 1963, and the last
time a positive IVA amounted to
more than 1 percent of PBT was 1938.
The Producer Price Index, which is a
major source for estimating the IVA,
declined 2.9 percent.
A steep drop in petroleum prices
dominated the decline in inventory
prices. As a result, the increase in
IVA was concentrated in industries
with substantial stocks of petroleum
and petroleum products, especially
the refining, public utility, chemicals,
and transportation industries. Together, these four industries accounted for
about 80 percent of the increase in
total IVA.
The CCAdj declined $1% billion, to
$56x/2 billion; it was the first annual
decline since 1980. Two factors contributed importantly to the decline.
First, 1986 was the first year since
April 1987
the enactment of the Economic Recovery Tax Act of 1981 in which a cohort
of the 5-year-recovery class of assets
was removed from the depreciation
base. Second, prices of capital assets
increased considerably less in 1986
than the average rate at which they
had increased during the period that
the capital stock had been acquired.
Profits by industry.—PET with IVA
and CCAdj is not available by industry; PBT with IVA alone, the best
measure of industry profits available,
increased $21% billion in 1986, to
$244 billion. Domestic profits of nonfinancial corporations increased $9%
billion; domestic profits of financial
corporations, $8% billion; and profits
from the rest of the world, $3% billion.
For nonfinancial corporations, profits of communications and utilities increased sharply; manufacturing profits increased $3 billion, with individual manufacturing industries registering changes ranging from negative
$4% billion (petroleum) to $3 billion
(chemicals).
In communications, the increase in
profits was shared by both local
phone companies and long distance
carriers. Profits were boosted by productivity increases and by contributions of subsidiaries in fields ranging
from publishing to finance.
The decline in petroleum prices
contributed to smaller losses in primary metals and to higher profits in
utilities and chemicals—industries
that use large amounts of petroleum
as boiler fuel and feedstock. In pri-
SURVEY OF CURRENT BUSINESS
mary metals, a major producer's application for bankruptcy protection
also contributed to profits by lowering
costs of debt service and pension funding; in addition, a long strike at a
major steel producer classified in the
petroleum industry probably resulted
in increased demand for steel from
other producers that are classified in
primary metals. In chemicals, profits
were also boosted by higher rates of
capacity utilization and increased foreign demand; profits in 1986 were the
highest since 1981 and followed a very
depressed 1985. Because many refiners are deeply involved in petroleum
exploration and development, the
large drop in crude oil prices was reflected in sharply lower refiners' profits—the fifth consecutive year of
sharp decline. From a level of $36%
billion in 1981, petroleum profits
dropped to $8% billion in 1986.
Profits increased $3 billion in food
manufacturing and declined almost as
much in tobacco manufacturing. As a
result of major merger and acquisition activity, a substantial portion of
the tobacco industry (and tobacco
profits) was moved into the food industry. The increased profits in food
also reflected declines in prices of
farm products. For example, prices received by farmers for food grains
dropped 18 percent; for fruit, 8 percent.
The $8% billion increase in domestic profits of financial corporations
was accounted for largely by property/casualty insurance companies,
which recorded positive profits after 2
years of losses. In 1986, premiums in-
creased 20 percent while claims and
related expenses increased 13 percent,
producing sharply lower underwriting
losses and accounting for most of the
improvement in profits; investment
income (dividends and interest) increased moderately. The largest reductions in underwriting losses were
registered in commercial multiperil,
homeowners' multiperil, and automobile insurance. Premium increases
were sharp for the first of these and
modest for the second; for both types,
claims fell, reflecting an unusually
small number of natural catastrophes.
In automobile insurance, most of the
reduction in underwriting loss was attributable to commercial, as opposed
to private, insurance. The only major
line of property/casualty insurance
not experiencing improved underwriting results was workers' compensation insurance.
The $3% billion increase in rest-ofworld profits reflected both increased
receipts and (more importantly) reduced payments. A decline in receipts
from foreign petroleum subsidiaries of
U.S. corporations was more than
offset by an increase in receipts from
nonpetroleum subsidiaries, especially
those located in Europe and Japan.
The drop in payments was concentrated in the third quarter, and was especially pronounced in petroleum, banking, and wholesale trade subsidiaries
of foreign corporations; by area, payments to the six original members of
the European Economic Communities
and to Canada declined most, more
than accounting for the drop in total
payments.
SURVEY OF CURRENT BUSINESS
10
April 1987
National Income and Product Accounts Tables
New estimates in this issue: First quarter 1987, preliminary (p); for corporate profits and related items, fourth quarter and annual 1986,
revised.
Estimates for 1929-82 are in The National Income and Product Accounts, 1929-82: Statistical Tables (GPO Stock No. 003-010-00174-7, price
$23.00). Estimates for 1983-85 are in the July 1986 SURVEY. These publications are available from the Superintendent of Documents and Commerce Department District Offices; see addresses inside front cover.
The full set of national income and product accounts estimates shown regularly in this part of the SURVEY are now available on diskette for
$240 per year (12 updates). For more information, write to the Bureau of Economic Analysis (BE-54), U.S. Department of Commerce, Washington, DC 20230.
Table 1.1.—Gross National Product
Table 1.2.—Gross National Product in Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
1985
1986
1985
I
IV
Gross national product
Personal consumption
expenditures
. Durable goods
Nondurable goods
Services
Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
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
Seasonally adjusted at annual rates
1987
1986
III
IV
2,600.5 2,762.5 2,667.9 2,697.9 2,732.0 2,799.8 2,820.4 2,854.3
385.4
403.1
359.3 388.1 362.0 360.8 373.9 414.5
932.7 922.6 929.7 928.4 932.8 940.1 962.8
905.1
1,336.1 1,441.7 1,383.2 1,407.4 1,429.8 1,452.4 1,477.2 1,506.1
661.1
650.0
458.2
154.8
683.6
677.0
460.0
143.3
669.5
672.6
474.0
157.2
708.3
664.4
459.2
154.6
687.3
672.8
457.5
141.5
675.8
680.3
459.0
139.5
663.2
690.3
464.3
137.5
704.8
672.0
447.0
130.2
303.4
191.8
316.7
217.0
316.8
198.6
304.6
205.3
316.0
215.3
319.5
221.3
326.8
226.0
316.8
225.0
11.1
12.2
-1.1
6.7 -3.1
7.7
16.7
-1.0 -19.9
43.8
41.2
2.7
-4.5 -27.1
14.5
10.5 -10.3 -10.8
5.8 -16.3
3.9
32.7
30.1
2.6
-78.9 -104.3 -105.3 -93.7 -104.5 -108.9 -110.2 -112.0
369.8 373.0 368.2 374.8 363.0 370.8 383.5 384.8
448.6 477.3 473.6 468.5 467.5 479.7 493.7 496.8
864.2
366.2
277.6
88.6
498.0
855.6
380.9
268.0
112.9
474.7
836.7
355.7
266.4
89.3
480.9
860.8
367.6
278.4
89.2
493.3
874.0
369.3
286.8
82.6
504.7
885.3
372.1
278.8
93.3
513.2
1986
P
3,998.1 4,206.1 4,087.7 4,149.2 4,175.6 4,240.7 4,258.7 4,339.2
815.4
354.1
259.4
94.7
461.3
1985
892.1
369.2
288.0
81.2
522.9
NOTE.—Percent changes from preceding period for selected items in this table are shown in
table 8.1.
1985
1987
1986
I
IV
Gross national product
3,585.2 3,674.9 3,622.3 3,655.9
Personal consumption
expenditures
2,324.5 2,418.7 2,351.7 2,372.7
Durable goods
343.9 368.6 347.0 345.4
Nondurable goods
841.6
872.1 847.2 860.6
1,139.0 1,178.0 1,157.5 1,166.6
Services
Gross private domestic
investment
647.7 657.2 653.2 684.0
Fixed investment
638.6 650.7 658.4 644.1
456.7 476.9 457.8
Nonresidential
461.4
152.2
134.5
152.4
148.1
Structures
Producers' durable
equipment
''.
309.2 322.1
324.5 309.7
Residential . . .
177.2
194.0
181.5 186.3
Change in business
39.9
6.6
52
inventories
9.0
7.4
16.1
37.0
Nonfarm
10.9
2.9
Farm.. .
.9
213
19
Net exports of goods and
services
108.2
147.8 -132.0 -125.9
362.3 371.5 362.9 369.2
Exports
Imports
470.5 519.3 494.8 495.1
Government purchases of goods
and services
721.2
746.8 749.4 725.2
Federal
323.6 332.2 347.2 320.4
National defense
235.7 250.0 239.3 238.7
82.2
81.7
Nondefense
87.8
107.9
397.6 414.6
402.2 404.8
State and local
II
III
IV
P
3,661.4 3,686.4 3,696.1 3,735.2
2,408.4 2,448.0 2,445.8 2,443.1
380.4 362.5
357.1 391.6
877.3 875.4 875.1 877.7
1,174.0 1,181.0 1,190.2 1,202.9
664.7
649.6
456.8
132.9
651.3
651.6
454.4
129.5
629.0
657.4
457.8
127.7
669.4
638.4
442.4
120.4
323.9
192.7
324.9
197.2
330.1
199.7
321.9
196.0
-.3 -28.5
-9.8
-8.6
8.3 -18.7
31.0
27.7
3.4
15.1
11.0
4.1
-153.9 -163.3 -148.0 -134.2
385.8 384.2
359.8 371.2
513.6 534.5 533.8 518.4
742.2
328.9
249.3
79.5
413.3
750.4
330.9
259.4
71.5
419.5
769.3
348.6
252.5
96.1
420.7
756.9
332.3
258.4
73.9
424.6
NOTE.—Percent changes from preceding period for selected items in this table are shown in
table 8.1.
Table 1.3.—Gross National Product by Major Type of Product
Table 1.4.—Gross National Product by Major Type of Product in
Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1985
1986
IV
Gross national product
Final sales
Change in business
inventories
Goods
Final sales
Change in business
inventories
Durable goods ...
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services
Structures
1987
1986
1985
I
II
III
IV
P
3,998.1 4,206.1 4,087.7 4,149.2 4,175.6 4,240.7 4,258.7 4,339.2
3,987.0 4,199.4 4,090.8 4,105.4 4,161.2 4,245.2 4,285.8 4,306.4
32.7
14.5
-4.5 -27.1
43.8
6.7
31
11.1
1,630.2 1,670.5 1,644.1 1,669.0 1,661.5 1,680.2 1,671.2 1,716.9
1,619.1 1,663.8 1,647.2 1,625.2 1,647.1 1,684.7 1,698.3 1,684.1
11.1
703.5
696.9
6.7
716.8
717.8
-3.1
711.8
702.3
43.8
710.6
682.0
14.5
703.1
703.2
6.6
926.7
922.2
10
953.7
946.0
9.5
932.3
945.0
28.6
958.4
943.1
958.5
943.9
4.5 -27.1
723.5
730.1
745.7 740.4
32.7
743.0
718.1
16.9
947.8
957.9
24.9
973.9
966.0
-.1 -15.6
950.1
939.0
7.9
11.1 -10.2
14.6
127
15.3
4.5
7.7
1,959.8 2,105.6 2,025.5 2,057.7 2,087.4 2,125.2 2,152.1 2,193.0
408.1
430.0 418.1 422.6 426.7 435.3 435.3 429.3
NOTE.—Percent changes from preceding period for selected items in this table are shown in
table 8.1.
1985
1986
IV
1987
1986
1985
I
3,585.2 3,674.9 3,622.3 3,655.9
Gross national product
Final sales
. . .
. .. 3,576.2 3,668.4 3,627.5 3,616.1
Change in business
6.6 -5.2
39.9
9.0
inventories
Goods
.
. .. 1,533.2 1,567.1 1,541.7 1,563.6
1,524.2 1,560.5 1,546.9 1,523.7
Final sales
Change in business
9.0
52
39.9
inventories
6.6
688.6
679.0 700.2 691.3
Durable goods
673.2 701.4
682.8 662.6
Final sales
Change in business
8.4
26.0
5.9 -1.2
inventories
854.2 866.9 850.4 875.0
Nondurable goods
Final sales
, 851.1 859.1 864.0 861.1
Change in business
13.9
7.7 -13.6
3.2
inventories
Services
1,667.6 1,718.6 1,692.1 1,703.0
Structures
384.4 389.3 388.5 389.4
II
III
IV
IP
3,661.4 3,686.4 3,696.1 3,735.2
3,646.3 3,686.7 3,724.5 3,704.1
15.1
-.3 -28.5
31.0
1,562.8 1,568.0 1,574.1 1,606.1
1,547.6 1,568.3 1,602.6 1,575.1
15.1
687.5
688.3
.3 -28.5
714.2
710.7
728.6 726.2
7 -14.4
853.8
839.7
875.2
859.4
155
863.4
876.4
31.0
730.4
708.1
22.3
875.7
867.0
8.7
14.1 -13.0
15.9
1,712.0 1,727.2 1,732.2 1,748.7
386.6 391.3 389.7 380.3
NOTE.—Percent changes from preceding period for selected items in this table are shown in
table 8.1.
SURVEY OF CURRENT BUSINESS
April 1987
11
Table 1.5.—Relation of Gross National Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers
Table 1.6.—Relation of Gross National Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers in Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1985
1986
1985
I
IV
Gross national product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases *
Less: Change in business
inventories
Equals: Final2sales to domestic
purchasers .
1987
1986
II
III
369.8
373.0
368.2
374.8
363.0
370.8
383.5
384.8
448.6
477.3
473.6
468.5
467.5
479.7
493.7
496.8
4,077.0 4,310.4 4,193.0 4,242.9 4,280.1 4,349.5 4,368.9 4,451.1
6.7
43.8
3.1
32.7
45 -27.1
14.5
1986
4,065.9 4,303.7 4,196.1 4,199.0 4,265.7 4,354.1 4,396.0 4,418.4
1985
Gross national product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases *
Less: Change in business
inventories
Equals: Final2sales to domestic
purchasers
1987
1986
IV
P
IV
3,998.1 4,206.1 4,087.7 4,149.2 4,175.6 4,240.7 4,258.7 4,339.2
11.1
1985
I
III
II
IV
P
3,585.2 3,674.9 3,622.3 3,655.9 3,661.4 3,686.4 3,696.1 3,735.2
362.3
371.5
362.9
369.2
359.8
371.2
385.8
384.2
470.5
519.3
494.8
495.1
513.6
534.5
533.8
518.4
3,693.4 3,822.7 3,754.3 3,781.9 3,815.3 3,849.7 3,844.0 3,869.4
9.0
6.6
-5.2
39.9
15.1
3
285
31.0
3,684.4 3,816.2 3,759.5 3,742.0 3,800.1 3,850.0 3,872.5 3,838.4
1. Purchases in the United States of goods and services wherever produced.
2. Final sales in the United States of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in
table 8.1.
1. Purchases in the United States of goods and services wherever produced.
2. Final sales in the United States of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in
table 8.1.
Table 1.7.—Gross National Product by Sector
Table 1.9.—Relation of Gross National Product, Net National Product,
National Income, and Personal Income
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
1985
1986
1985
1987
1986
IV
Gross national product
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
Farm
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions
Government
Federal
State and local
Rest of the world
Addendum:
Gross domestic business
product less housing
3,998.1
3,957.0
3,394.0
3,324.0
3,010.9
313.1
75.5
-5.5
142.1
9.3
132.8
420.9
140.7
280.1
41.2
4,206.1
4,168.9
3,570.0
3,498.7
3,158.0
340.6
68.3
3.0
153.1
9.8
143.3
445.9
145.1
300.8
37.1
I
II
III
IV
P
4,087.7
4,045.8
3,468.4
3,389.4
3,065.4
323.9
77.5
1.6
146.2
9.4
136.8
431.2
143.4
287.8
41.9
4,149.2
4,106.0
3,519.9
3,451.7
3,121.5
330.2
71.8
-3.6
149.5
9.5
140.0
436.7
144.0
292.6
43.2
4,175.6
4,140.7
3,546.3
3,470.1
3,132.4
337.7
71.6
4.6
152.0
9.6
142.3
442.5
144.7
297.8
34.9
4,240.7
4,203.2
3,600.7
3,524.0
3,180.1
343.9
66.4
10.3
154.4
9.9
144.5
448.1
145.2
302.9
37.4
4,258.7
4,225.7
3,613.0
3,548.9
3,198.1
350.8
63.5
.6
156.6
10.1
146.5
456.2
146.3
309.8
33.0
4,339.2
4,307.3
3,684.3
3,622.3
3,265.6
356.7
61.4
.6
159.7
10.3
149.4
463.4
150.0
313.4
31.8
3,072.2
NOTE.—Percent changes from preceding period for selected items in this table are shown in
table 8.1.
Table 1.8.—Gross National Product by Sector in Constant Dollars
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
1987
1985
1985
IV
Gross national product
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
Farm .
.
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions
Government
Federal
State and local
Rest of the world
Addendum:
Gross domestic business
product less housing
1986
I
II
III
IV
P
3,585.2
3,548.3
3,071.5
2,998.9
2,735.3
263.6
77.6
-5.0
121.2
9.1
112.2
355.5
122.6
232.9
37.0
3,674.9
3,642.4
3,157.4
3,081.3
2,811.0
270.2
73.5
2.6
125.5
9.4
116.1
359.4
123.2
236.2
32.6
3,622.3
3,585.2
3,105.4
3,025.0
2,759.2
265.7
79.0
1.4
122.9
9.1
113.7
356.9
122.6
234.3
37.1
3,655.9
3,617.9
3,135.8
3,061.6
2,794.2
267.4
77.4
-3.2
124.1
9.2
114.9
357.9
122.9
235.0
38.1
3,661.4
3,630.6
3,146.9
3,067.5
2,798.3
269.2
75.3
4.0
125.1
9.3
115.7
358.7
123.0
235.7
30.8
3,686.4
3,653.8
3,168.0
3,087.3
2,816.2
271.2
71.5
9.1
126.0
9.5
116.5
359.8
123.2
236.6
32.7
3,696.1
3,667.2
3,179.0
3,108.7
2,835.5
273.1
69.8
.5
127.0
9.7
117.3
361.3
123.8
237.5
28.9
3,735.2
3,707.5
3,217.5
3,148.6
2,873.3
275.2
68.5
.5
128.2
9.8
118.4
361.7
123.5
238.3
27.7
1986
27981
NOTE.—Percent changes from preceding period for selected items in this table are shown in
table 8.1.
Gross national product
Less: Capital consumption
allowances with capital
consumption adjustment
Capital consumption
allowances without
capital consumption
adjustment
Less: Capital
consumption
adjustment
Equals: Net national product
Less: Indirect business tax and
nontax liability
Business transfer
payments
Statistical discrepancy
Plus: Subsidies less current
surplus of government
enterprises
Equals: National income
Less: Corporate profits with
inventory valuation and
capital consumption
adjustments
Net interest
Contributions for social
insurance
Wage accruals less
disbursements
,
Plus: Government transfer
payments to persons
Personal interest income....
Personal dividend income ..
Business transfer
payments
,
Equals: Personal income
3,998.1 4,206.1 4,087.7 4,149.2 4,175.6 4,240.7 4,258.7 4,339.2
437.2
455.4
446.7
447.1
453.3
457.6
463.7
468.2
4673
4881
478.5
480.0
483.3
489.4
499.8
522.4
36.1
54.2
329
30.0
31.8
31.9
301
327
3,560.9 3,750.6 3,641.0 3,702.1 3,722.3 3,783.1 3,795.0 3,870.9
3314
3486
3377
3467
340.8
3542
352.8
358.3
209
55
232
30
217
16
223
36
229
46
235
103
24.1
.6
24.6
14.8
1.0
7.4
4.1
22.4
10.6
8.2
3,222.3 3,386.4 3,287.3 3,340.7 3,376.4 3,396.1 3,432.3
21.8
2807
311.4
3007
2940
285.6
307.6
296.4
304.9
293.1
297.7
302.0
292.9
311.2
280.4
281.8
355.7
3760
362.1
371.5
373.5
376.6
382.5
387.5
-.2
0
0
0
0
0
0
0
466.2
476.2
76.4
490.6
475.0
81.2
471.8
480.6
76.7
482.4
480.8
79.1
487.2
480.1
81.1
495.0
473.8
82.0
497.8
465.2
82.7
506.0
467.5
84.1
24.6
23.5
24.1
21.7
22.3
229
20.9
232
3,314.5 3,485.7 3,382.9 3,432.6 3,483.3 3,498.8 3,527.9 3,585.3
Table 1.10.—Relation of Gross National Product, Net National Product,
and National Income In Constant Dollars
[Billions of 1982 dollars]
3,585.2 3,674.9 3,622.3 3,655.9 3,661.4 3,686.4 3,696.1 3,735.2
Gross national product
Less: Capital consumption
allowances with capital
consumption adjustment
425.6 441.0 433.7 434.8 439.1 443.2 447.1 451.1
3,159.6 3,233.9 3,188.6 3,221.1 3,222.3 3,243.3 3,248.9 3,284.1
Equals: Net national product
Less: Indirect business tax and
nontax liability plus business
transfer payments less
subsidies plus current surplus
of government enterprises
297.7 313.6 300.6 303.3 312.7 319.3 319.1 313.9
.5
4.0
9.1
1.4 -3.2
2.6
-5.0
Statistical discrepancy
2 8668 2917 6 2 8865 29209 29056 29149 2,929.3
Equals* National income
SURVEY OF CURRENT BUSINESS
12
April 1987
Table 1.16.—Gross Domestic Product of Corporate Business in Current
Dollars and Gross Domestic Product of Nonfmancial Corporate
Business in Current and Constant Dollars
Table 1.11 is on the next page.
Table 1.14.—National Income by Type of Income
Seasonally adjusted at annual rates
[Billions of dollars]
1985
1986
1986
IV
National income
Compensation of employees
Wages and salaries
Government and
government enterprises
Other
Supplements to wages and
salaries
Employer contributions for
social insurance
Other labor income
Proprietors' income with
inventory valuation and
capital consumption
adjustments
;
Farm
Proprietors' income with
inventory valuation
adjustment
,
Capital consumption
Nonfarm
Proprietors' income
Inventory valuation
Capital consumption
adjustment . . . .
Rental income of persons with
capital consumption
adjustment
Rental income of persons
Capital consumption
Corporate profits with
inventory valuation and
capital consumption
adjustments
Corporate profits with
inventory valuation
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation
adjustment
Capital consumption
adjustment . .
Net interest
Addenda:
Corporate profits after tax
with inventory valuation
and capital consumption
adjustments
Net cash flow with
inventory valuation and
capital consumption
adjustments
Undistributed profits with
inventory valuation and
capital consumption
adjustments
Capital consumption
allowances with capital
consumption
adjustment
Less: Inventory valuation
adjustment
Equals: Net cash flow
1987
1986
1985
I
IV
III
II
,386.4 ,287.3 ,340.7 ,376.4 ,396.1 ,432.3
,498.0 ,423.6 ,461.5 ,480.2 ,507.4 ,542.8 2,577.5
,073.5 2,012.8 ,044.1 2,058.8 2,081.1 2,109.8 2,142.2
371.9
,593.9
395.7 381.6 387.2 392.5 398.4 404.4 413.0
,677.8 1,631.1 ,656.8 1,666.3 1,682.7 1,705.4 1,729.2
402.4
424.5
410.9
417.4
421.3
426.3
433.0
435.2
205.5
196.9
215.7
208.8
209.1
201.7
212.9
204.5
214.1
207.3
215.9
210.4
220.1
213.0
219.9
215.4
278.8
26.1
262.1
29.4
265.3
24.4
289.1
39.5
277.5
19.6
283.2
21.0
297.9
28.4
38.0
34.3
37.9
32.7
47.9
27.7
29.0
36.2
-8.8
225.2
193.5
-8.2
252.7
217.6
-8.5
232.7
199.1
-8.4
240.9
206.6
83
249.6
215.5
-8.2
258.0
222.8
-8.0
262.2
225.6
-7.8
269.5
230.1
-.2
-.9
-.3
-.4
10
11
-1.0
-1.1
31.9
35.9
34.0
34.7
35.1
36.2
37.6
40.6
7.6
52.4
15.0
60.2
8.3
54.7
12.8
57.2
16.3
61.3
16.2
61.5
14.8
60.6
15.1
61.9
448
452
464
444 -45.1
-45.3
-45.9
280.7
300.7
285.6
296.4
293.1
302.0
244.1
237.5
103.5
134.0
87.8
46.2
226.4
235.8
96.4
139.4
82.5
57.0
239.0
222.5
95.7
126.9
85.2
41.7
238.3
227.7
99.0
128.8
87.5
41.2
246.5
240.4
104.4
135.9
88.8
47.2
252.3
259.6
115.1
144.5
89.7
54.8
6
65
94
16.5
10.6
6.1
58.1
311.4
56.6
294.0
59.2
307.6
57.3
304.9
54.8
297.7
55.5
292.9
-46.8
311.2
222.6
223.2
91.8
131.4
81.6
49.8
188.9
197.2
189.2
200.7
194.2
197.6
II
III
IV
P
Billions of dollars
P
,222.3
,368.2
,965.8
254.4
29.2
1987
1986
I
IV
Seasonally adjusted at annual rates
1985
1985
9L4
-7.2
-7.3
58.8
280.4
74.8
281.8
Gross domestic product
2,414.1
of corporate business
Capital consumption allowances
with capital consumption
adjustment
268.2
Net domestic product
2,145.9
Indirect business tax and
nontax liability plus
business transfer payments
less subsidies
.
230.2
Domestic income
1,915.7
Compensation of employees... 1,602.8
1,336.7
Wages and salaries
Supplements to wages
266.1
and salaries
Corporate profits with
inventory valuation and
capital consumption
248.8
adjustments
191.3
Profits before tax
91.8
Profits tax liability
Profits after tax
99.5
69.4
Dividends
Undistributed profits30.2
Inventory valuation
adjustment
-.6
Capital consumption
adjustment
,
58.1
64.1
Net interest
Gross domestic product
of financial corporate
business
138.9
Gross domestic product
of nonfinancial
corporate business
2,275.1
Capital consumption allowances
with capital consumption
adjustment
252.2
Net domestic product
2,023.0
Indirect business tax and
nontax liability plus
business transfer payments
less subsidies
216.8
Domestic income
1,806.1
Compensation of employees... 1,491.5
1,244.1
Wages and salaries
Supplements to wages
and salaries
247.4
Corporate profits with
inventory valuation and
capital consumption
adjustments
224.2
Profits before tax
170.3
Profits tax liability
66.5
Profits after tax
103.8
Dividends
74.3
Undistributed profits29.5
Inventory valuation
adjustment
-.6
Capital consumption
adjustment
54.5
Net interest
90.4
2,529.6 2,459.0 2,501.5 2,506.2 2,541.2 2,569.4
280.3 273.3 275.3 278.9 281.6 285.5
2,249.2 2,185.8 2,226.2 2,227.3 2,259.6 2,283.9
287.6
240.7 235.0 241.8 234.2 244.9 242.0 246.5
2,008.5 1,950.8 1,984.4 1,993.1 2,014.7 2,041.9
1,683.2 1,638.4 1,664.7 1,672.0 1,68?.7 1,708.4 1J28.8
1,403.7 1,366.7 1,388.9 1,394.4 1,406.9 1,424.7 1,443.0
279.5
271.7
275.8
277.6
280.8
283.7
265.2
202.0
103.5
98.5
76.2
22.3
250.5
200.7
96.4
104.3
69.9
34.3
257.9
184.1
95.7
88.4
70.4
18.0
260.2
194.8
99.0
95.8
82.3
13.5
267.3
205.6
104.4
101.2
77.0
24.2
275.2
223.5
115.1
108.5
75.1
33.4
-7.2
16.5
10.6
6.1
56.6
60.2
59.2
61.9
57.3
61.8
54.8
60.9
55.5
59.7
58.8
58.4
167.3
144.9
157.9
164.7
171.2
285.8
74.8
-7.3
175.6
6.5
-9.4
74.8
60.0
2,362.2 2,314.1 2,343.6 2,341.5 2,370.0 2,393.8
263.1 . 256.8 258.7 261.9 264.2 267.5
2,099.2 2,057.3 2,084.9 2,079.6 2,105.8 2,126.3
269.3
226.7 221.1 227.6 220.1 230.0 229.1 231.6
1,872.5 1,836.2 1,857.4 1,859.5 1,875.8 1,897.2
1,555.5 1,523.5 1,542.8 1,545.7 1,557.0 1,576.4 1,594.8
1,297.4 1,271.0 1,287.4 1,289.2 1,298.2 1,314.8 1,331.3
258.1
252.5
255.4
256.5
258.9
261.6
230.2
172.7
76.2
96.5
79.4
17.0
223.3
177.5
70.3
107.2
74.6
32.6
225.5
156.3
68.7
87.6
74.8
12.8
225.9
165.7
71.7
94.0
85.6
8.3
232.7
176.8
77.9
98.9
79.8
19.1
236.7
192.1
86.7
105.4
77.5
27.9
6.5
51.0
86.8
-9.4
55.2
89.3
16.5
10.6
6.1
52.7
89.1
49.7
87.8
49.7
86.1
-7.2
51.8
84.2
263.4
76.9
-7.3
67.5
86.6
196.1
Billions of 1982 dollars
375.4
107.3
389.7
109.4
380.0
106.8
390.8
115.5
385.5
106.6
390.4
108.8
391.9
106.4
268.2
280.3
273.3
275.3
278.9
281.6
285.5
287.6
94
389.4
165
374.3
10.6
374.9
6.1
384.3
-7.2
399.2
-7.3
376.0
65
383.2
Gross domestic product
of nonfinancial
corporate business
Capital consumption allowances
with capital consumption
adjustment
Net domestic product
Indirect business tax and
nontax liability plus
business transfer payments
less subsidies
Domestic income
2,105.5 2,145.6 2,127.3 2,141.0 2,135.3 2,142.2 2,163.8
249.1 259.4 253.3 255.7 258.3 260.7 263.0
1,856.4 1,886.2 1,874.0 1,885.3 1,877.0 1,881.6 1,900.8
265.3
189.6 200.2 191.9 192.9 199.3 204.5 204.0
1,666.7 1,686.0 1,682.2 1,692.4 1,677.7 1,677.1 1,696.7
199.7
SURVEY OF CURRENT BUSINESS
April 1987
13
Table 1.17.—Auto Output
Table 1.11.—Command-Basis Gross National Product in Constant
Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
1985
Seasonally adjusted at annual rates
1985
1986
1985
1987
1986
I
IV
III
II
IV
P
3,585.2 3,674.9 3,622.3 3,655.9 3,661.4 3,686.4 3,696.1 3,735.2
Gross national product
Less: Net exports of goods and
services
-108.2
362.3
Exports
470.5
Imports
Equals: Gross domestic
purchases
3,693.4
Plus: Command-basis net
exports of goods and services.... -82.7
Command-basis
exports l
, 387.8
470.5
Imports
Equals: Command-basis gross
national product
3,610.6
Addendum:
107.0
Terms of trade 2
-147.8 -132.0 -125.9 -153.9 -163.3
371.5 362.9 369.2 359.8 371.2
519.3 494.8 495.1 513.6 534.5
1480 -134.2
385.8 384.2
533.8 518.4
3,822.7 3,754.3 3,781.9 3,815.3 3,849.7 3,844.0 3,869.4
-113.5 -110.1 -99.0 -114.8 -121.3 -119.2 -116.9
405.8
519.3
384.8
494.8
396.1
495.1
398.8
513.6
413.2
534.5
414.6
533.8
401.6
518.4
3,709.2 3,644.2 3,682.9 3,700.4 3,728.4 3,724.8 3,752.5
109.2
106.1
107.3
1986
110.9
111.4
104.6
107.5
1. Exports of goods and services deflated by the implicit price deflator for imports of goods and
2. Ratio of the implicit price deflator for exports of goods and services to the implicit price
deflator for imports of goods and services with the decimal point shifted two places to the right.
NOTE.—Percent changes from preceding period for selected items in this table are shown in
table 8.1.
Table 1.19.—Truck Output
1985
IV
1986
I
1987
III
II
IV
P
Auto output
114.1 114.8 113.3 113.2 112.7 112.0 121.4 120.3
Final sales
110.1 112.9 100.6 105.3 106.2 126.8 113.3
88.9
Personal consumption
expenditures
115.3 123.5 111.6 111.1 115.2 140.1 127.6 106.9
New autos
87.2
99.7
82.7
85.7
90.8 118.3 103.8
84.5
Net purchases of used autos,.
28.1
23.8
25.4
24.4
28.9
21.8
23.8
22.4
Producers' durable equipment..
23.2
26.7
24.1
22.6
26.6
28.0
28.0
22.9
New autos
42.7
45.6
45.8
39.7
41.7
48.0
46.9
39.6
Net purchases of used autos.. -19.5 -18.9 -17.1 -17.6 -19.3 -20.0 -18.8 -16.7
Net exports of goods and
44 i -42.6
services
-30.0 -39.0 -35.3 -32.1
37 1
427
Exports
6.1
6.3
6.2
6.6
6.6
6.1
6.0
5.9
Imports
36.1
43.7
45.3
41.4
38.7
48.8
50.1
48.5
Government purchases of
goods and services
1.6
1.8
1.6
2.2
1.5
1.5
1.6
1.8
Change in business inventories
of new and used autos
1.9
6.5 -14.8
4.0
12.7
7.9
31.4
8.1
6
New
4.1
16.4
7.8
3.5
7.1
208
31.6
Used
-.1
3.0
2.5
.1
5.9
37
1.0
-.3
Addenda:
Domestic output of new
autos 1
95.7
95.3
98.2
98.8
94.4 104.0 108.0
94.8
Sales of imported new autos 2...
45.0
52.7
44.7
48.3
57.4
43.4
49.5
60.2
1. Consists of final sales and change in business inventories of new autos assembled in the
United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government purchases.
Table 1.18.—Auto Output in Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
1985
1986
Truck output 1
Final sales
Personal consumption
expenditures
Producers' durable equipment ..
Net exports of goods and
Exports
Imports
Government purchases of
goods and services
Change in business inventories ...
III
I
IV
II
54.7
49.6
56.5
55.8
57.2
62.2
IV
58.4
64.9
57.5
56.7
56.5
57.8
57.0
22.6
32.3
26.3
32.0
23.2
35.2
21.2
29.9
25.4
32.4
32.2
33.6
26.6
32.0
26.1
32.9
67
2.7
9.4
75
3.0
10.4
74
3io
10.5
76
2.8
10.4
-7.4
3.1
10.6
-8.8
2.8
11.6
-6.0
3.2
9.2
-6.9
3.3
10.2
5.8
.1
5.7
.2
6.1
.8
6.1
5.1
5.4
.7
5.3
-5.0
5.9
___!
5.4
7.4
58.5
1. Includes new trucks only.
Table 1.20.—Truck Output in Constant Dollars
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
1986
IV
Truck output 1
Final sales
Personal consumption
expenditures
Producers' durable equipmentNet exports of goods and
services
Exports
Imports
Government purchases of
goods and services
Change in business inventories ...
1. Includes new trucks only.
1987
1986
1985
I
II
III
IV
1985
P
54.2
54.0
1985
Seasonally adjusted at annual rates
1987
1986
1985
P
49.2
49.1
49.4
49.2
51.6
50.9
48.4
44.0
49.5
48.9
49.8
54.1
49.8
49.9
55.5
49.4
20.7
29.3
23.1
27.7
21.0
31.2
19.0
26.4
22.4
28.3
28.1
29.0
22.9
27.2
22.5
28.2
-6.1
2.5
8.6
-6.5
2.6
9.1
-6.7
2.7
9.4
-6.8
2.5
9.3
-6.6
2.7
9.3
7.7
2.4
10.1
-5.1
2.7
7.9
-5.9
2.9
8.8
5.3
.1
4.9
.2
5.4
.7
5.4
4.4
4.8
.6
4.6
-4.2
5.0
-.1
4.6
6.2
1986
1985
IV
1986
I
II
Auto output
104.6 102.4 102.7 103.2 101.6
Final sales
92.0
101.5 102.5
97.3
97.1
Personal consumption
expenditures
103.3 108.0
99.4
98.7 101.5
New autos
87.6
80.1
75.0
80.5
77.2
Net purchases of used autos..
23.2
24.3
20.4
21.0
21.5
Producers' durable equipment..
24.1
24.7
22.5
23.7
25.1
New autos
39.2
36.0
40.1
40.6
37.5
Net purchases of used autos.. -15.1 -15.4 -13.5 -13.8 -15.6
Net exports of goods and
services
275
318 -31.4 -27.4 -30.6
Exports
5.4
5.4
5.5
5.7
5.8
Imports
37.2
32.9
36.9
36.3
33.2
Government purchases of
goods and services
1.5
1.5
1.6
1.4
2.1
Change in business inventories
j
of new and used autos
3.1
10.7
4.3
6.1
New
3.2
13.6
22
1.8
6.0
1
Used
.1
2.1 -3.0
2.4
Addenda:
Domestic output of new
autos x
Sales of imported new autos 2...
87.0
41.3
85.3
46.3
85.1
45.0
88.6
40.3
84.2
42.8
1987
III
IV
P
98.3
115.1
106.4
100.6
108.1
80.2
122.4 109.5
91.4
89.3
103.6
72.8
20.2
18.8
18.6
25.4
20.4
24.6
42.0
40.3
34.1
-16.6 -15.7 -13.7
-34.1
5.1
39.2
352 -33.1
5.0
5.0
38.1
40.1
1.4
1.6
1.5
-16.8
-21.7
4.9
5.9
5.0
.8
27.9
28.1
2
80.0
50.3
88.5
51.8
95.0
37.4
1. Consists of final sales and change in business inventories of new autos assembled in the
United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government purchases.
SURVEY OF CURRENT BUSINESS
14
April 1987
Table 2.2.—Personal Consumption Expenditures by Major Type of
Product
Table 2.1.—Personal Income and Its Disposition
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
1985
1986
1986
1985
I
IV
II
Seasonally adjusted at annual rates
1987
IV
III
1985
P
1986
I
IV
Personal income
Wage and salary
disbursements
Commodity-producing
industries
Manufacturing
Distributive industries
Service industries
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
Personal dividend income
Personal interest income
Transfer payments
Old-age, survivors,
disability, and health
insurance benefits
Government unemployment
insurance benefits
Veterans benefits
,
Government employees
retirement benefits
Other transfer payments
Aid to families with
dependent children
Other .. ..
.. .
Less: Personal contributions
for social insurance
Less: Personal tax and nontax
payments .
Equals: Disposable personal
income
Less: Personal outlays
Personal consumption
expenditures
Interest paid by consumers to
business ,.
Personal transfer payments to
foreigners (net) .
Equals: Personal saving
Addenda:
Disposable personal income:
Total, billions of 1982
dollars
Per capita:
Current dollars
1982 dollars
Population (mid-period,
millions)
Personal saving as
percentage of disposable
personal income
III
II
IV
P
3,314.5 3,485.7 3,382.9 3,432.6 3,483.3 3,498.8 3,527.9 3,585.3
1,966.1 2,073.5 2,012.8 2,044.1 2,058.8 2,081.1 2,109.8 2,142.2
607.7
460.1
469.8
516.4
623.2
471.2
487.9
566.7
617.7
467.5
478.9
534.6
622.0
470.5
485.2
549.6
620.8
468.8
484.3
561.3
621.8
470.0
488.3
572.6
628.3
475.4
493.9
583.2
632.9
477.8
500.6
595.8
372.2
196.9
395.7
208.8
381.6
201.7
387.2
204.5
392.5
207.3
398.4
210.4
404.4
213.0
413.0
215.4
254.4
29.2
225.2
278.8
26.1
252.7
262.1
29.4
232.7
265.3
24.4
240.9
289.1
39.5
249.6
277.5
19.6
258.0
283.2
21.0
262.2
297.9
28.4
269.5
7.6
76.4
476.2
487.1
15.0
81.2
475.0
513.8
8.3
76.7
480.6
493.6
12.8
79.1
480.8
504.7
16.3
81.1
480.1
510.1
16.2
82.0
473.8
518.5
14.8
82.7
465.2
521.8
15.1
84.1
467.5
530.7
253.4
266.8
256.8
263.2
264.1
269.6
270.2
16.3
16.8
15.3
16.4
15.5
17.0
16.3
17.0
16.9
16.7
16.5
16.4
16.1
16.6
66.6
134.6
70.6
143.4
68.0
137.1
69.1
140.0
70.1
142.7
71.0
144.3
72.1
146.7
73.6
150.1
15.4
119.2
16.2
127.2
15.7
121.3
16.0
124.0
16.2
126.5
16.3
127.9
16.4
130.2
160.3
152.9
158.6
159.5
160.8
162.4
167.6
2,600.5 2,762.5 2,667.9 2,697.9 2,732.0 2,799.8 2,820.4 2,854.3
359.3 388.1 362.0 360.8 373.9 414.5 403.1 385.4
169.2 181.7 166.4 163.5 172.0 204.7 186.6 165.9
16.3
133.8
150.2
Personal consumption
expenditures
Durable goods
274.3
15.7
16.7
486.5
514.1
500.7
497.5
504.8
519.0
534.9
Motor vehicles and parts
Furniture and household
126.8 137.3 130.9 132.1 135.8 140.0 141.2 144.1
equipment
75.4
75.3
69.8
65.3
66.0
64.7
63.3
69.1
Other
Nondurable goods
905.1 932.7 922.6 929.7 928.4 932.8 940.1 962.8
469.3 492.8 477.4 484.6 490.3 494.0 502.1 511.3
Food
155.2 164.9 158.7 161.3 165.0 166.6 166.8 170.0
Clothing and shoes
76.9
74.2
78.1
74.3
87.6
78.6
93.0
91.9
Gasoline and oil ....
188.7 196.5 193.5 196.2 194.9 198.0 196.9 204.6
Other nondurable goods
13.7
13.3
13.1
14.9
13.7
13.9
16.2
15.7
Fuel oil and coal
172.9 182.6 177.3 181.3 181.2 184.3 183.6 191.5
Other
Services . . . .
, 1,336.1 1,441.7 1,383.2 1,407.4 1,429.8 1,452.4 1,477.2 1,506.1
403.9 438.4 417.4 424.8 434.7 442.8 451.6 459.0
Housing
175.0 178.4 178.3 174.3 177.6 181.7 180.1 178.1
Household operation
85.7
89.2
87.9
86.3
86.9
87.6
91.3
89.9
Electricity and gas
92.4
92.2
92.5
88.0
90.6
90.8
87.0
Other
.
85.1
96.8
98.6 102.3
95.0
96.0
93.5
88.7
90.9
Transportation.
Medical care ..
. . . 290.1 316.0 302.5 307.9 312.3 318.1 325.6 332.3
378.4 412.9 394.1 406.9 410.3 413.0 421.4 434.4
Other
Table 2.3.—Personal Consumption Expenditures by Major Type of
Product in Constant Dollars
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
1985
2,828.0 2,971.6 2,882.2 2,935.1 2,978.5 2,979.9 2,993.0 3,062.0
2,684.7 2,857.4 2,756.4 2,789.4 2,825.5 2,895.8 2,918.8 2,952.9
2,600.5 2,762.5 2,667.9 2,697.9 2,732.0 2,799.8 2,820.4 2,854.3
82.6
93.5
87.0
89.8
92.3
94.9
96.9
97.0
1.6
143.3
1.4
114.2
1.6
125.8
1.7
145.6
1.2
153.1
1.2
84.1
1.4
74.2
1.6
109.2
2,528.0 2,602.0 2,540.7 2,581.2 2,625.8 2,605.5 2,595.4 2,620.9
11,817 12,304 11,999 12,193 12,348 12,324 12,348 12,609
10,563 10,773 10,577 10,723 10,886 10,776 10,708 10,792
239.3
241.5
240.2
240.7
241.2
241.8
242.4
242.9
5.1
3.8
4.4
5.0
5.1
2.8
2.5
3.6
1986
1985
rv
523.2
NOTE.—Percent changes from preceding period for selected items in this table are shown in
table 8.1.
1987
1986
1985
Personal consumption
expenditures
Durable goods. .
Motor vehicles and parts
Furniture and household
equipment
Other
Nondurable goods .
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods
Fuel oil and coal
Other ..
Services
Housing
Household operation
Electricity and gas
Other
Transportation
Medical care
Other
1986
I
II
1987
III
rv
IP
2,324.5 2,418.7 2,351.7 2,372.7 2,408.4 2,448.0 2,445.8 2,443.1
343.9 368.6 347.0 345.4 357.1 391.6 380.4 362.5
156.2 163.6 152.9 149.6 156.0 183.5 165.3 147.0
127.7 140.5 133.0 134.3 139.1 143.3 145.2 146.3
59.9
61.5
61.2
64.6
62.1
69.2
70.0
64.9
841.6 872.1 847.2 860.6 877.3 875.4 875.1 877.7
433.4 440.5 435.1 441.1 444.2 437.9 438.7 443.9
146.0 155.6 147.5 152.4 157.1 157.7 155.3 157.6
95.7 104.9
96.4
96.9 105.4 107.3 110.2 102.6
168.2 170.2 170.5 172.6 170.9 173.7
166.5 171.1
17.0
17.0
17.0
18.7
18.3
19.9
17.7
19.6
149.5 152.4 151.2 153.2 152.3 152.7 151.4 156.0
1,139.0 1,178.0 1,157.5 1,166.6 1,174.0 1,181.0 1,190.2 1,202.9
342.7 351.4 345.5 347.6 350.2 352.6 355.1 357.6
151.4 150.9 153.6 148.5 150.1 152.4 152.6 150.9
78.3
76.6
75.1
80.1
75.8
77.4
75.8
78.0
73.1
74.4
73.5
73.4
74.3
75.0
74.7
75.1
81.0
82.6
85.0
83.3
84.3
86.0
88.5
86.3
237.8 245.9 241.3 243.0 245.0 246.7 248.8 251.3
326.2 344.9 334.5 344.3 344.5 343.2 347.4 354.7
SURVEY OF CURRENT BUSINESS
April 1987
15
Table 3.2.—Federal Government Receipts and Expenditures
Table 3.3.—State and Local Government Receipts and Expenditures
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
1985
1986
IV
Receipts
Personal tax and nontax
receipts 1
Income taxes
Estate and gift taxes
Nontaxes
Corporate profits tax accruals
Federal Reserve banks
Other
Indirect business tax and
nontax accruals 2
Excise taxes
Customs duties
Nontaxes
Contributions for social
insurance
Expenditures
Purchases of goods and services...
National defense
Nondefense
Transfer payments
,
To persons
To foreigners
.
. . .
Grants-in-aid to State and local
governments
Net interest paid
Interest paid
To persons and business
To foreigners
Less: Interest received by
government
"'Subsidies less current surplus of
government enterprises
Subsidies
Less: Current surplus of
government enterprises
Less: Wage accruals less
disbursements
Surplus or deficit (-),
national income and
product accounts
Social insurance funds
Other
III
II
I
Seasonally adjusted at annual rates
1987
1986
1985
IV
826.9
805.8
806.6
813.5
833.1
854.5
345.6
338.4
6.5
.7
73.6
17.8
55.8
361.9
354.0
7.1
.9
83.8
15.9
68.0
355.6
348.6
6.3
.8
77.2
17.3
59.9
350.3
343.1
6.4
.8
77.8
16.6
61.1
355.5
347.1
7.6
.8
80.1
15.8
64.3
365.8
357.7
7.4
.8
84.3
15.2
69.1
376.1
368.1
7.0
1.0
93.0
15.7
77.3
365.1
357.3
6.9
.9
56.1
35.5
12.2
8.4
52.3
31.8
13.6
6.8
56.0
36.6
12.6
6.8
52.7
32.9
13.1
6.6
50.7
31.1
13.3
6.3
53.4
31.5
14.2
7.6
52.5
31.7
13.9
6.9
53.0
31.8
13.9
7.3
311.5 328.9 317.0 325.8 327.2 329.6 332.9 339.1
984.9 1,030.3 1,023.4 1,001.5 1,045.7 1,030.5 1,043.4 1,049.7
354.1 366.2 380.9 355.7 367.6 369.3 372.1 369.2
259.4 277.6 268.0 266.4 278.4 286.8 278.8 288.0
81.2
89.2
82.6
93.3
89.3
94.7
88.6 112.9
380.3 397.7 385.9 389.3 396.7 403.0 401.8 405.5
367.0 383.9 370.4 378.8 381.6 387.5 387.5 392.7
12.8
15.0
14.3
15.5
13.4
13.8
15.4
10.5
99.0
130.5
152.1
130.8
21.3
105.6
135.9
158.1
135.7
22.4
101.6
133.9
155.7
134.2
21.5
103.5
135.0
157.8
134.9
22.8
106.9
138.1
160.2
138.0
22.2
108.0
134.7
157.8
135.0
22.8
104.1
135.9
156.7
135.0
21.7
101.4
136.8
158.6
137.0
21.6
21.6
22.2
21.8
22.8
22.1
23.0
20.8
21.8
29.5
26.4
36.8
38.8
24.9
26.4
1.5
1.5
-.2
0
21.1
19.5
18.0
19.6
36.5
38.7
15.4
20.9
1.6
2.2
5.5
0
0
0
-1.6
0
1986
P
786.8
20.7
22.2
1985
2.0
-3.1
0
0
-198.0 -203.3 -217.6 -195.0 -232.2 -197.4 -188.8
19.3
21.8
17.3
19.2
18.5
15.1
11.0
-209.1 -222.6 -232.7 -213.5 -251.5 -214.6 -210.6
25.3
1985
1986
IV
Receipts
Personal tax and nontax
receipts
Income taxes
Nontaxes
Other
Corporate profits tax accruals
Indirect business tax and
nontax accruals
Sales taxes
Property taxes
Other....
I
II
1987
III
IP
IV
577.5
620.9
592.7
608.3
611.5
629.1
634.9
140.9
72.2
56.8
11.8
18.2
152.1
76.9
62.5
12.7
19.7
145.1
74.0
59.0
12.1
19.2
147.2
74.5
60.4
12.4
17.9
149.3
74.9
61.8
12.6
18.8
153.1
77.1
63.2
12.8
20.1
158.9
81.2
64.5
13.1
22.0
158.1
78.8
66.0
13.3
275.4
129.0
107.2
39.1
296.3
138.1
115.6
42.6
281.8
131.4
110.4
39.9
294.1
133.4
112.5
48.1
290.1
135.7
114.6
39.8
300.8
141.4
116.6
42.7
300.4
141.7
118.8
39.9
305.4
144.7
121.0
39.7
Contributions for social
insurance
44.2
47.1
46.3
47.0
48.4
45.1
45.7
49.5
Federal grants-in-aid
99.0 105.6 101.6 103.5 106.9 108.0 104.1 101.4
Expenditures
515.8 557.9 530.2 538.5 552.6 565.1 575.4 587.4
Purchases of goods and services- 461.3 498.0 474.7 480.9 493.3 504.7 513.2 522.9
Compensation of employees
280.1 300.8 287.8 292.6 297.8 302.9 309.8 313.4
Other
181.1 197.2 186.9 188.3 195.5 201.8 203.3 209.5
Transfer payments to persons
99.2 106.7 101.4 103.6 105.6 107.5 110.2 113.3
Net interest paid
260
259
269
264
257
262
26 1
264
Interest paid
42.6
48.4
47.6
49.1
52.2
44.8
46.2
50.6
Less: Interest received by
government
69.5
73.4
74.4
71.2
72.2
75.0
76.9
78.6
Less: Dividends received by
government
5.2
6.4
6.6
5.7
6.8
7.0
7.3
6.1
Subsidies less current surplus of
government enterprises
-12.6 -14.3 -13.7 -13.9 -14.1 -14.4 -14.7 -15.0
Subsidies
.7
.8
.7
.8
.8
.8
.9
.9
Less: Current surplus of
government enterprises
13.2
15.1
14.7
14.9
15.2
15.6
14.5
15.9
Less: Wage accruals less
disbursements
0
0
0
0
0
0
0
0
Surplus or deficit (-),
national income and
product accounts
61.7
63.1
62.5
69.9
58.9
64.0
59.4
Social insurance funds
52.7
55.8
54.3
55.0
53.7
55.7
58.3
57.1
Other
9.0
7.2
8.8
3.9
15.6
8.3
1.1
NOTE.—Prior to 1968, dividends received is included in interest received (line 20).
Table 3.7B.—Government Purchases of Goods and Services by Type
Table 3.8B.—Government Purchases of Goods and Services by Type in
Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1985
1986
IV
Government purchases of
815.4
goods and services
354.1
Federal
259.4
National defense
74.9
Durable goods
12.2
Nondurable goods
166.1
Services
Compensation of
101.1
employees
67.8
Military
33.3
Civilian
65.0
Other services
6.1
Structures
94.7
Nondefense
4.1
Durable goods
17.2
Nondurable goods
Commodity Credit
Corporation inventory
11.3
change
5.9
Other nondurables
66.0
Services
Compensation of
39.6
employees
26.4
Other services
7.4
Structures
461.3
State and local
20.8
Durable goods.
38.7
Nondurable goods
Services.
. . .. 348.3
Compensation of employees- 280.1
68.2
Other services
53.5
Structures
I
II
1985
1987
1986
1985
III
IV
1986
IV
P
864.2
366.2
277.6
82.5
10.9
177.5
855.6
380.9
268.0
76.6
11.8
173.4
836.7
355.7
266.4
75.7
11.8
172.5
860.8
367.6
278.4
83.6
11.0
177.3
874.0
369.3
286.8
86.3
10.5
182.4
885.3
372.1
278.8
84.3
10.1
177.6
892.1
369.2
288.0
87.3
10.8
183.2
104.6
70.4
34.2
72.9
6.8
88.6
4.2
10.8
103.4
69.7
33.7
70.0
6.1
112.9
4.5
33.2
103.9
70.0
33.8
68.7
6.3
89.3
4.3
11.1
104.4
70.3
34.1
72.9
6.5
89.2
4.3
11.2
104.7
70.5
34.3
77.7
7.6
82.6
4.2
5.1
105.5
71.0
34.5
72.1
6.7
93.3
4.1
15.9
108.1
72.6
35.4
75.2
6.6
81.2
3.9
3.7
5.3
5.5
66.6
28.7
4.5
68.0
5.6
5.5
66.7
5.5
5.7
66.4
4
5.5
66.7
10.4
5.5
66.6
15
5.2
66.5
40.5
26.2
6.9
498.0
22.7
37.4
375.9
300.8
75.1
62.0
40.0
28.0
7.2
474.7
21.5
40.0
358.6
287.8
70.8
54:6
40.2
26.6
7.2
480.9
21.9
38.7
365.4
292.6
72.7
55.0
40.3
26.1
7.2
493.3
22.4
36.7
372.0
297.8
74.3
62.1
40.5
26.2
6.5
504.7
22.9
36.6
378.8
302.9
76.0
66.4
40.8
25.8
6.7
513.2
23.6
37.6
387.4
309.8
77.6
64.6
41.9
24.6
7.1
522.9
23.9
39.7
392.7
313.4
79.3
66.6
Government purchases of
goods and services
Federal
National defense
Durable goods
Nondurable goods ..
Services
Compensation of
employees
Military
Civilian.
...
Other services
Structures
Nondefense...
Durable goods
,
Nondurable goods
Commodity Credit
Corporation inventory
change
Other nondurables
Services
,
Compensation of
employees
Other services
Structures
State and local
Durable goods
Nondurable goods
Services
Compensation of employeesOther services
Structures
1987
1986
1985
I
II
III
IV
I"
721.2
323.6
235.7
70.4
13.6
146.3
746.8
332.2
250.0
77.2
14.6
152.3
749.4
347.2
239.3
70.8
13.1
150.0
725.2
320.4
238.7
71.3
13.3
148.5
742.2
328.9
249.3
77.1
14.5
152.1
750.4
330.9
259.4
81.0
15.5
156.4
769.3
348.6
252.5
79.6
15.1
152.0
756.9
332.3
258.4
82.6
15.8
154.3
88.3
59.5
28.9
58.0
5.5
87.8
4.6
18.2
88.8
59.7
29.1
63.4
5.9
82.2
5.3
13.0
88.4
59.5
28.9
61.6
5.4
107.9
5.2
36.6
88.6
59.6
28.9
60.0
5.6
81.7
5.2
11.8
88.6
59.5
29.1
63.5
5.7
79.5
5.4
10.0
88.8
59.7
29.1
67.6
6.5
71.5
5.4
2.6
89.2
60.0
29.2
62.8
5.8
96.1
5.3
27.5
89.1
59.9
29.1
65.2
5.7
73.9
5.2
6.4
12.3
5.9
58.2
7.7
5.3
57.7
32.3
4.3
59.5
6.4
5.4
58.1
4.5
5.4
57.6
2.5
5.1
57.7
22.2
5.3
57.3
1.4
5.0
56.0
34.3
23.9
6.8
397.6
19.5
39.0
290.9
232.9
58.0
48.2
34.4
23.3
6.3
414.6
20.9
41.5
297.4
236.2
61.2
54.8
34.3
25.2
6.6
402.2
20.1
40.1
293.6
234.3
59.3
48.5
34.3
23.8
6.6
404.8
20.4
40.6
295.0
235.0
60.0
48.7
34.4
23.3
6.6
413.3
20.7
41.2
296.5
235.7
60.8
54.9
34.4
23.3
5.9
419.5
21.1
41.8
298.2
236.6
61.6
58.5
34.6
22.7
6.1
420.7
21.4
42.4
299.9
237.5
62.4
56.9
34.4
21.6
6.4
424.6
21.8
43.0
301.6
238.3
63.3
58.3
SURVEY OF CURRENT BUSINESS
16
April 1987
Table 3.10.—National Defense Purchases of Goods and Services in
Constant Dollars
Table 3.9.—National Defense Purchases of Goods and Services
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
1985
1986
1985
I
IV
II
Seasonally adjusted at annual rates
1987
1986
III
IV
1985
P
1986
IV
National defense
purchases
Durable goods
Military equipment
Aircraft ..
Missiles ..
ShipsVehicles
Electronic equipment
Other
Other durable goods
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods
Services
Compensation of employees
Military
Civilian
Other services
Contractual research and
development
Installation support 1
Weapons support 23
Personnel support
Transportation of materiel ....
Travel of persons
Other
Structures
Military facilities
Other
259.4
74.9
64.0
25.9
9.7
8.5
4.7
4.9
10.4
10.9
12.2
6.6
3.2
2.4
166.1
101.1
67.8
33.3
65.0
277.6
82.5
70.8
31.6
12.2
8.7
4.9
5.0
8.3
11.7
10.9
4.3
4.0
2.5
177.5
104.6
70.4
34.2
72.9
268.0
76.6
65.6
28.1
10.4
8.8
4.4
4.9
9.0
11.0
11.8
6.2
3.2
2.4
173.4
103.4
69.7
33.7
70.0
266.4
75.7
64.2
28.1
10.7
8.0
4.5
4.6
8.3
11.6
11.8
6.3
3.2
2.3
172.5
103.9
70.0
33.8
68.7
278.4
83.6
71.6
30.6
13.2
9.1
4.9
5.0
8.7
12.0
11.0
4.1
4.3
2.6
177.3
104.4
70.3
34.1
72.9
286.8
86.3
74.4
32.4
13.3
9.3
4.9
5.0
9.5
11.9
10.5
3.5
4.4
2.6
182.4
104.7
70.5
34.3
77.7
278.8
84.3
73.0
35.4
11.8
8.3
5.4
5.4
6.7
11.4
10.1
3.3
4.3
2.5
177.6
105.5
71.0
34.5
72.1
288.0
87.3
75.5
34.5
12.8
8.6
5.8
5.8
7.9
11.7
10.8
3.9
4.4
2.6
183.2
108.1
72.6
35.4
75.2
27.3
16.9
7.5
5.7
3.8
3.5
.2
6.1
3.5
2.6
31.7
18.0
8.2
7.2
4.0
3.6
.2
29.7
17.2
8.2
6.8
4.3
3.7
.2
6.1
3.7
2.4
32.2
17.8
7.8
7.0
3.9
3.6
.5
6.5
3.7
2.7
33.9
19.2
8.9
8.1
4.1
3.8
3
6.8
4.1
2.7
28.7
17.4
7.7
6.9
4.1
3.4
.5
6.3
3.6
2.8
31.9
17.5
8.1
6.9
3.9
3.6
.2
6.7
4.3
2.5
32.9
18.3
8.7
7.5
3.9
3.7
.2
6.6
4.1
2.6
7.6
4.9
2.6
National defense
purchases
Durable goods
Military equipment
Aircraft
Missiles
Ships
Vehicles
Electronic equipment
Other
Other durable goods
Nondurable goods
Petroleum products
Ammunition ..
Other nondurable goods
Services . . .
Compensation of employees
Military
Civilian
Other services
Contractual research and
development
Installation support l
Weapons support 2 3
Personnel support
Transportation of materiel ...
Travel of persons
Other
Structures
Military facilities
Other
1987
1986
1985
I
II
III
IV
P
259.4
81.0
67.0
27.5
12.5
8.2
5.3
4.7
8.9
14.0
15.5
9.0
4.2
2.4
156.4
88.8
59.7
29.1
67.6
252.5
79.6
66.1
29.8
12.2
7.3
5.7
5.0
6.2
13.4
258.4
82.6
68.6
29.1
13.0
7.5
6.1
5.4
7.3
14.0
15.1
8.8
4.1
2.2
152.0
89.2
60.0
29.2
62.8
15.8
9.2
4.2
2.4
154.3
89.1
59.9
29.1
65.2
29.6
15.9
7.9
6.6
4.2
3.8
3
27.9
14.6
7.2
5.5
3.9
3.5
.1
6.5
4.2
2.3
5.8
3.6
2.2
28.7
15.3
7.7
5.9
3.9
3.5
.2
5.7
3.5
2.2
235.7
70.4
58.8
22.6
9.2
7.5
5.3
4.6
9.7
11.6
13.6
8.4
2.9
2.2
250.0
77.2
63.6
26.3
11.9
7.6
5.3
4.7
7.8
13.7
14.6
8.5
3.8
2.3
239.3
70.8
58.6
23.3
9.9
7.7
4.6
4.6
8.5
12.2
13.1
7.9
2.9
2.2
238.7
71.3
58.0
23.4
10.5
6.9
5.0
4.3
7.8
13.2
13.3
8.1
3.0
2.1
249.3
77.1
63.2
24.4
12.6
7.9
5.4
4.7
8.2
14.0
14.5
8.0
4.1
2.4
146.3
88.3
59.5
28.9
58.0
152.3
88.8
59.7
29.1
63.4
150.0
88.4
59.5
28.9
61.6
148.5
88.6
59.6
28.9
60.0
152.1
88.6
59.5
29.1
63.5
24.1
14.4
6.7
5.2
3.9
3.4
.2
5.5
3.2
2.4
27.6
14.9
7.2
5.9
4.1
3.6
.2
5.9
3.5
2.3
26.0
14.5
7.2
5.8
4.4
3.6
.1
5.4
3.3
2.2
24.9
14.5
6.8
5.7
4.1
3.4
.4
5.6
3.1
2.5
28.1
14.7
6.9
5.7
4.0
3.6
.4
5.7
3.3
2.4
1. Includes utilities, communications, rental payments, maintenance and repair, and payments
to contractors to operate installations.
2. Includes depot maintenance and contractual services for weapons systems, other than
research and development.
3. Includes compensation of foreign personnel, consulting, training, and education.
1. Includes utilities, communications, rental payments, maintenance and repair, and payments
to contractors to operate installations.
2. Includes depot maintenance and contractual services for weapons systems.
3. Includes compensation of foreign personnel, consulting, training, and education.
Table 4.1.—Foreign Transactions in the National Income and Product
Accounts
Table 4.2.—Exports and Imports of Goods and Services in Constant
Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
1985
1986
IV
Receipts from foreigners...
Exports of goods and services
Merchandise
Durable goods
Nondurable goods
Services
Factor income *
Other
Capital grants received by the
United States (net)
Payments to foreigners
Imports of goods and services
Merchandise
Durable goods
Nondurable goods
Services
Factor income *
Other
Transfer payments (net)
From persons (net)
From government (net) ..
Interest paid by government to
foreigners
gn
I
II
III
IV
373.0
373.0
220.2
136.0
84.2
152.8
89.0
63.8
368.2
368.2
216.2
131.0
85.2
152.0
92.3
59.7
374.8
374.8
219.7
133.3
86.3
155.2
94.7
60.5
363.0
363.0
212.5
132.5
79.9
150.6
88.2
62.4
370.8
370.8
219.2
136.1
83.1
151.6
87.3
64.3
383.5
383.5
229.6
142.1
87.4
153.9
86.0
67.9
384.8
384.8
227.5
141.6
85.8
157.3
87.2
70.1
0
369.8
448.6
341.7
204.4
137.3
106.9
50.1
56.9
15.0
1.6
13.4
0
373.0
477.3
368.4
238.4
130.0
109.0
51.9
57.1
15.2
1.4
13.8
0
368.2
473.6
363.8
215.9
147.9
109.8
50.5
59.3
17.0
1.6
15.4
0
374.8
468.5
358.9
224.4
134.5
109.6
51.5
58.1
12.2
1.7
10.5
0
363.0
467.5
358.9
235.5
123.4
108.7
53.3
55.4
16.3
1.2
15.0
0
370.8
479.7
372.7
243.8
128.9
106.9
49.9
57.0
16.6
1.2
15.5
0
383.5
493.7
383.0
249.9
133.1
110.7
53.0
57.7
15.7
1.4
14.3
0
384.8
496.8
383.9
247.1
136.8
112.9
55.4
57.5
14.4
1.6
12.8
22.8
21.5
1438 -128.6
22.2
1430
22.8
1483
21.7
21.6
1477 -148.0
22.4
21.3
1152 -141.9
1985
1986
P
369.8
369.8
219.6
133.3
86.3
150.2
91.2
58.9
1. Line 7 less line 16 equals rest-of-the-world product as shown in table 1.7.
Seasonally adjusted at annual rates
1987
1986
1985
IV
Exports of goods and services
Merchandise
Durable goods
Nondurable goods
Services
Factor income 1
Other
Imports of goods and services
Merchandise
Durable goods
Nondurable goods
Services
. ..
Factor income *
Other
362.3
227.4
138.5
88.8
135.0
80.9
54.0
470.5
368.7
218.6
150.1
101.8
44.0
57.8
371.5
237.4
147.0
90.5
134.0
76.7
57.3
519.3
418.5
246.0
172.5
100.8
44.2
56.6
362.9
227.8
138.1
89.7
135.1
80.9
54.3
494.8
391.3
228.8
162.5
103.6
43.7
59.8
1987
1986
1985
I
369.2
232.0
142.1
89.9
137.2
82.4
54.8
495.1
392.6
237.4
155.2
102.5
44.3
58.2
II
359.8
227.2
142.7
84.5
132.6
76.3
56.3
513.6
412.8
244.8
168.0
100.8
45.5
55.3
III
rv
371.2
238.8
148.0
90.8
132.4
74.8
57.6
534.5
436.0
249.5
186.4
98.5
42.2
56.4
385.8
251.8
155.2
96.6
134.0
73.6
60.4
533.8
432.5
252.2
180.3
101.3
44.7
56.6
1. Line 6 less line 13 equals rest-of-the-world product as shown in table 1.8.
P
384.2
248.3
154.3
94.0
135.9
74.0
61.9
518.4
416.5
246.6
169.9
101.9
46.3
55.6
SURVEY OF CURRENT BUSINESS
April 1987
17
Table 4.3.—Merchandise Exports and Imports by Type of Product and
by End-Use Category
Table 4.4.—Merchandise Exports and Imports by Type of Product and
by End-Use Category in Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
1985
1986
I
IV
Merchandise exports
Foods, feeds, and beverages
Industrial supplies and
materials
Durable goods
Nondurable goods
Capital goods, except autos
Autos..
Consumer goods
. . . .
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Merchandise imports
Foods, feeds and beverages
Industrial supplies and
materials, excluding
petroleum
Durable goods
Nondurable goods
Petroleum and products
Capital goods except autos
Autos
Consumer goods
Durable goods
Other
Durable goods
Nondurable goods
Addenda:
Exports of agricultural
Exports of nonagricultural
products
Imports of nonpetroleum
products
'III
II
Seasonally adjusted at annual rates
1987
1986
1985
IV
219.6
24.0
220.2
22.3
216.2
23.1
219.7
24.4
212.5
20.5
219.2
21.6
229.6
22.5
58.3
16.0
42.3
75.6
24.5
13.0
5.1
7.9
24.1
12.0
12.0
341.7
21.3
57.1
16.3
40.9
78.1
23.6
14.3
5.6
8.7
24.7
12.4
12.4
368.4
24.1
57.7
15.3
42.4
74.3
24.4
12.9
5.1
7.9
23.8
11.9
11.9
363.8
22.0
58.1
16.7
41.4
75.7
23.7
13.6
5.1
8.4
24.2
12.1
12.1
358.9
23.8
54.3
15.4
38.9
76.0
23.8
13.7
5.2
8.5
24.1
12.0
12.0
358.9
23.9
56.3
15.8
40.4
80.0
22.4
14.5
5.7
8.8
24.4
12.2
12.2
372.7
24.4
59.9
17.1
42.8
80.9
24.6
15.5
6.4
9.0
26.2
13.1
13.1
383.0
59.7
30.6
29.1
50.5
64.0
65.1
65.2
36.7
28.4
15.9
7.9
7.9
61.9
32.5
29.4
33.9
75.7
78.3
77.9
43.6
34.2
16.7
8.3
8.3
59.5
29.9
29.6
56.5
67.5
71.8
69.6
38.3
31.3
16.9
8.4
8.4
62.3
32.4
29.9
40.1
71.8
71.3
73.2
40.8
32.5
16.5
8.2
8.2
60.3
32.7
27.6
31.3
75.3
76.4
75.4
43.0
32.4
16.3
8.1
8.1
61.3
31.6
29.7
32.0
77.1
82.6
79.1
44.3
34.8
16.3
8.1
8.1
24.2
63.7
33.3
30.4
32.2
78.5
82.9
83.7
46.4
37.3
17.7
8.8
8.8
29.6
26.8
28.5
28.4
24.6
25.9
28.2
190.0
193.4
187.7
191.2
187.8
193.3
201.3
291.2
334.5
307.3
318.8
327.5
340.8
350.8
1985
1986
227.5
20.8
I
IV
P
Merchandise exports
Foods, feeds, and beverages
Industrial supplies and
60 0
materials
17 2
Durable goods
42.8
Nondurable goods
80.0
Capital goods, except autos
24.8
Autos
15.6
Consumer goods...
6.5
Durable goods
9.1
Nondurable goods
263
Other
13 1
Durable goods
13 1
Nondurable goods
383.9
Merchandise imports
24.4
Foods, feeds, and beverages
Industrial supplies and
materials, excluding
63.9 •
petroleum
32.5
Durable goods
31.4
Nondurable goods
34.2
Petroleum and products.
77.4
Capital goods, except autos
81.6
Autos
84.4
Consumer goods
46.6
Durable goods
37.8
Nondurable goods .
18.1
Other
9.0
Durable goods ..
9.0
Nondurable goods
Addenda:
Exports of agricultural
264
products1
Exports of nonagricultural
201.0
products
Imports of nonpetroleum
349.7
products
1987
1986
1985
III
II
IP
IV
227.4
25.1
237.4
25.3
227.8
25.7
232.0
26.2
227.2
22.3
238.8
25.5
251.8
27.3
248.3
25.4
60.9
16.7
44.2
82.1
22.4
12.9
5.4
7.5
23.8
11.9
11.9
368.7
21.8
62.4
17.8
44.6
89.9
21.0
13.9
5.8
8.1
24.9
12.4
12.4
61.4
17.7
43.7
85.8
21.3
13.3
5.4
7.9
24.0
12.0
12.0
392.6
22.9
59.1
16.7
42.3
87.2
21.3
13.3
5.4
7.9
24.1
12.0
12.0
412.8
22.4
62.3
17.5
44.8
92.3
19.9
14.0
5.9
8,1
24.7
12.4
12.4
436.0
23.7
66.7
19.1
47.7
94.4
21.7
14.9
6.6
8.3
26.7
13.4
13.4
432.5
22.8
65.9
18.9
47.0
93.7
21.8
14.9
6.6
8.3
26.6
13.3
13.3
418.5
22.9
60.7
16.1
44.6
82.7
22.0
12.9
5.4
7.5
23.8
11.9
11.9
391.3
22.5
416.5
23.0
68.2
35.0
33.2
59.8
76.2
60.8
65.4
38.3
27.1
16.4
8.2
8.2
73.3
38.4
34.9
74.6
90.8
66.4
74.1
42.2
31.8
16.3
8.2
8.2
69.5
34.9
34.6
67.1
81.1
64.9
68.9
39.2
29.7
17.2
8.6
8.6
73.4
38.1
35.3
58.1
87.1
62.9
71.7
41.0
30.7
16.6
8.3
8.3
72.0
39.0
33.0
74.2
90.1
65.5
72.6
42.2
30.4
16.1
8.0
8.0
73.1
37.8
35.4
87.4
92.5
69.2
74.3
42.2
32.1
15.8
7.9
7.9
74.6
38.7
35.9
79.0
93.4
68.1
77.8
43.6
34.2
16.9
8.4
8.4
74.5
37.8
36.7
67.4
91.6
65.5
77.4
43.1
34.2
17.0
8.5
8.5
30.4
30.0
30.8
29.8
26.3
30.0
33.9
32.0
197.0
207.5
196.9
202.2
200.9
208.8
217.9
216.3
308.9
343.8
324.2
334.6
338.6
348.6
353.6
349.1
1. Includes parts of line 2 and line 5.
1. Includes parts of line 2 and line 5.
NOTE.— Because no data are available to distribute exports and imports of "other" merch
andise between durable and nondurable goods, they are distributed equally.
NOTE.— Because no data are available to distribute exports and imports of "other" merch
andise between durable and nondurable goods, they are distributed equally.
Table 5.1.—Gross Saving and Investment
Table 6.3B.—National Income Without Capital Consumption
Adjustment by Industry
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
1985
1986
1985
IV
Gross saving
551.5
687.8
143.3
I
II
Seasonally adjusted at annual rates
1987
1986
III
IV
P
538.7
679.0
114.2
524.1 583.2 539.7 517.2 514.9
679.2 708.3 713.0 650.5 644.3
Gross private saving
Personal saving.
125.8 145.6 153.1
84.1
74.2 ""i09.2
Undistributed corporate
profits with inventory
valuation and capital
107.3 109.4
consumption adjustments
108.8 106.4
106.8
115.5 106.6
49.8
46.2
Undistributed profits
41.7
41.2
47.2
57.0
54.8
Inventory valuation
6
adjustment
-7.3
6.1 -7.2
6.5
94
10.6
16.5
Capital consumption
56.6
59.2
58.1
adjustment .
74.8
58.8
55.5
54.8
57.3
Corporate capital
consumption allowances
with capital consumption
268.2 280.3 273.3 275.3 278.9 281.6
285.5 287.6
adjustment
Noncorporate capital
consumption allowances
with capital consumption
178.2 180.7
176.0
169.0
171.8 174.4
175.1 173.4
adjustment
Wage accruals less
0
0
0
0
0
0
0
0
disbursements
.. .. .
Government surplus or deficit
( — ), national income and
-136.3 -140.3 -155.1 -125.1 -173.3 -133.3 -129.4
product accounts
-198.0 -203.3 -217.6 -195.0 -232.2 -197.4 -188.8
Federal
59.4
69.9
58.9
64.0
61.7
62.5
63.1
State and local
Capital grants received by the
0
0
0
0
0
0
0
United States (net)....
........
0
545.9 541.7 525.7 579.6 544.3 527.5 515.5 556.8
Gross investment
Gross private domestic
investment
Statistical discrepancy
661.1 683.6 669.5 708.3 687.3 675.8
-115.2 -141.9 -143.8 -128.6 -143.0 -148.3
10.3
4.6
-5.5
1.6 -3.6
3.0
177-825 0 - 87 - 2 : QL 3
663.2 704.8
1477 -148.0
.6
1985
1986
IV
1987
1986
1985
I
II
III
IV
National income without
capital consumption
adjustment
3,185.8 3,347.2 3,249.1 3,301.5 3,339.9 3,357.8 3,389.7
Domestic industries
3,144.7 3,310.1 3,207.2 3,258.3 3,305.1 3,320.4 3,356.7
Private industries
2,674.0 2,810.7 2,724.9 2,769.6 2,809.7 2,818.1 2,845.3
Agriculture, forestry, and
fisheries
75.7
72.7
76.4
66.2
67.6
86.4
70.7
Mining
34.9
44.0
38.4
43.4
36.4
38.2
43.9
Construction
174.8 180.7
165.6 181.1 169.9
183.7 185.2
Manufacturing. .
688.1 682.2 678.2 686.2 686.3 701.8
671.0
Durable goods
412.0
405.6 409.0 413.0 410.1 416.0
401.2
Nondurable goods
285.8
269.8 276.1 276.6 269.2 273.2 276.1
Transportation and public
256.4 266.1 259.4 264.9 264.7 268.0 267.1
utilities
113.2 114.1 116.2 113.8 112.0 113.6 116.9
Transportation
70.1
72.0
72.0
,71.8
66.9
71.5
66.7
Communication...
Electric, gas, and sanitary
76.4
82.3
78.4
82.5
79.2
80.6
76.5
services......
202.5 201.5 208.0 207.2
204.8 199.2
199.4
Wholesale trade
278.8 292.3 282.1 292.6 288.9 294.2 293.5
Retail trade
Finance, insurance, and
453.0
real estate .
.
411.6 447.8 423.6 438.0 449.0 451.2
624.1
634.9
570.9 619.3 589.5 603.9 614.2
Services . .
Government and government
enterprises
470.7 499.5 482.3 488.7 495.3 502.3 511,5
33.0
43.2
37.4
34.9
41.9
37.1
Rest of the world
41.2
P
31.8
SURVEY OF CURRENT BUSINESS
18
April 1987
Table 5.9.—Change in Business Inventories by Industry in Constant
Dollars
Table 5.8.—Change in Business Inventories by Industry
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
1985
1985
1986
1986
IV
I
III
II
Seasonally adjusted at annual rates
1987
IV
1985
P
1986
I
IV
Change in business
inventories
Farm
Nonfarm
Change in book value ...
Inventory valuation
adjustment *
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
11.1
-1.1
12.2
13.3
,
,
6.7 -3.1
-1.0 -19.9
7.7
16.7
27.5
.7
43.8
2.7
41.2
22.9
14.5 -4.5 -27.1
3.9
5.8 -16.3
10.5 -10.3 -10.8
-1.1
163 -2.5
32.7
2.6
30.1
38.6
-1.1
-4.7
-3.2
-1.5
3.7
.7
3.0
5.0
.7
4.2
-1.3
0
-1.2
7.9
6.1
1.8
5.3
3.0
2.3
6.9 -10.8
-3.3 -11.7
-4.5 -11.8
.1
1.2
4.2
3.3
.1
1.3
2.9
3.2
4.0
3.7
1.6
.7
2.4
3.0
.2
-.3
-.3
-.6
.5
.2
2.3
19.4
-.2
18.5
2.5
.9
4.5
5.8
2.4
2.8
3.0
2.1
18.3
-4.8
-4.5
-.3
8.1
5.2
2.9
7.6
5.8
1.9
.5
-.6
1.0
30.5
24.5
6.0
7.4
3.4
4.0
11.6
6.0
.4 -5.0
-3.6
-3.6
4.0 -1.5
6.2
7.9
3.2
3.8
3.0
4.1
6.7
7.1
4.7
3.5
2.1
3.6
-.5
.8
-1.5
.3
1.0
.5
-4.4 -14.8
-2.7 -19.1
-1.6
4.3
8.2
1.6
3.0
3.2
5.2 -1.6
-8.5
20
28
.8
8.4
5.0
3.4
5.4
4.2
1.2
3.0
.8
2.2
23.8
22.6
1.2
0
.1
-.2
8.3
39
6.4
2.5
53
69
1.6
55
75
2.1
.2
.6
5
23
36
1.2
.8
0
.8
1. The inventory valuation adjustment (TVA) shown in this table differs from the IVA that
adjusts business incomes. The IVA in this table reflects the mix of methods (first-in, first-out;
last-in, first-out; etc.) underlying book value inventories derived primarily from Census Bureau
statistics. This mix differs from that underlying business income derived primarily from
Internal Revenue Service statistics. Prior to 1973, the two IVA's are the same because
information required for separate estimates is not available.
Change in business
inventories
..
Farm
Nonfarm
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Nondurable goods
Retail trade
.
Durable goods
Nondurable goods
Other
Durable goods. ..
g
,
,
,
9.0
19
10.9
-4.7
-3.2
-1.6
3.4
.6
2.8
4.9
.7
4.2
-1.5
0
-1.5
7.3
5.6
1.7
4.9
2.8
2.2
1987
1986
1985
6.6 -5.2
-.9 -21.3
7.4
16.1
35 -10.5
46
11 1
.6
1.1
3.4
4.1
1.3
.1
2.9
3.3
3.6
3.8
.6
1.5
3.0
2.3
-.3
.3
-.3
-.5
.6
.3
2.3
17.8
-.1
16.9
2.3
.9
5.4
4.5
2.6
2.2
2.2
2.8
II
39.9
2.9
37.0
-5.3
-4.7
-.5
6.9
4.9
2.0
6.8
5.5
1.3
.1
6
.7
28.3
22.6
5.6
7.1
3.1
4.0
-.3 -28.5
15.1
18.7
8.3
4.1
8.6
9.8
11.0
-3.3
1.0 -6.5
-3.8
-6.0
-4.0
2.7
5.0 -2.7
9.7 -5.2
5.1
3.5 -6.3
2.9
6.3
1.1
2.1
8.3 -4.3
4.6
3.2 -6.9
4.4
5.1
2.6
.3
1.4
-.9
.4
.3
.6
1.5
1.2 -1.5
1.9
-2.0
4.0 -13.1
-3.2
-2.5 -17.1
1.2
4.1
-1.5
1.2
.7
8.9
3.0
0
2.8
.7
6.1 -1.8
III
P
IV
31.0
3.4
27.7
-2.0
-2.7
.7
8.6
4.8
3.9
4.3
4.0
.3
4.3
.7
3.5
21.2
20.1
1.1
-.2
.1
.3
Table 5.10.—Inventories and Final Sales of Business by Industry
Table 5.11.—Inventories and Final Sales of Business by Industry in
Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted quarterly totals
Inventories
Farm
Nonfarm
Durable goods
Nondurable goods
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers .
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
..
Nondurable goods ...
Retail trade
Durable goods
Nondurable goods
Other
Final sales 2
Final sales of goods and structures 2
Ratio of inventories to final sales
Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and
structures
,
1985
P
IV
II
III
IV
857.0
73.8
783.2
465.6
317.6
328.5
220.3
108.2
180.9
117.6
63.3
156.7
103.6
53.1
24.2
14.0
10.2
183.0
92.6
90.4
90.9
294.3
172.8
856.6
74.8
781.8
464.8
316.9
327.2
220.1
107.1
182.5
119.5
63.1
158.1
105.3
52.9
24.4
14.2
10.2
181.2
89.1
92.1
90.8
300.4
176.7
851.9
70.1
781.8
461.6
320.2
327.7
218.9
108.7
182.6
118.0
64.6
158.0
103.6
54.4
24.6
14.4
10.2
181.3
88.5
92.8
90.2
289.3
172.1
855.8
71.5
784.3
466.4
317.9
330.5
222.5
108.0
179.9
116.5
63.4
154.9
102.0
52.9
24.9
14.4
10.5
183.4
93.2
90.2
90.5
289.7
170.6
303.3
177.8
864.0
71.6
792.4
468.0
324.4
329.6
218.9
110.7
185.5
119.3
66.2
159.6
104.7
55.0
25.9
14.6
11.2
186.5
93.5
93.0
90.7
304.3
176.1
2.98
2.73
2.95
2.71
2.91
2.66
2.85
2.60
2.81
2.58
2.84
2.60
4.58
4.60
4.53
4.42
4.40
4.50
IV
1
Seasonally adjusted quarterly totals
1987
1986
1985
862.6
74.0
788.5
460.1
328.4
338.9
224.4
114.5
181.9
115.2
66.6
155.1
100.6
54.5
26.8
14.7
12.1
176.7
86.9
89.8
91.0
I
1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories
calculated from current-dollar inventories 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 their respective 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 monthly rates. Business final sales equals final sales less gross product
of households and institutions, government, and rest of the world, and includes a small amount
of final sales by farms.
Inventories *
Farm
Nonfarm
Durable goods
Nondurable goods
Manufacturing
Durable goods ..
.
....
Nondurable goods
Wholesale trade. ..
Durable goods ....
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods ...
Nondurable goods
Other
Final sales 2
Final sales of goods and structures 2
Ratio of inventories to final sales
Inventories to final sales
Nonfarm inventories to final sales ...
Nonfarm inventories to final sales of goods and
structures
1986
I
II
1987
III
IV
P
844.5
77.8
766.7
437.5
329.2
321.2
206.7
114.4
181.0
111.1
69.9
153.2
97.4
55.8
27.8
13.7
14.1
172.6
86.1
86.5
92.0
265.5
163.0
830.2
77.8
752.4
433.1
319.3
325.2
212.0
113.1
174.7
108.7
66.0
148.3
94.9
53.4
26.4
13.8
12.7
165.0
81.1
83.9
87.5
259.2
161.3
840.2
78.6
761.6
439.6
322.0
323.9
210.9
113.0
176.4
109.9
66.5
150.0
96.2
53.7
26.5
13.7
12.8
172.1
86.7
85.3
89.3
258.0
159.4
844.0
79.6
764.4
439.4
325.0
324.1
209.9
114.3
177.7
110.6
67.0
151.1
97.3
53.8
26.6
13.3
13.3
171.0
86.1
84.9
91.5
843.9
81.7
762.2
435.8
326.4
322.5
208.9
113.6
180.1
111.5
68.6
153.2
98.1
55.1
26.9
13.4
13.6
167.8
81.8
85.9
91.8
261.0
161.2
264.0
163.3
836.8
77.0
759.8
431.9
327.8
321.7
207.4
114.3
178.8
109.9
68.9
152.1
96.4
55.7
26.7
13.5
13.2
167.3
81.0
86.2
92.0
267.3
166.0
3.20
2.90
3.26
2.95
3.23
2.93
3.20
2.89
3.13
2.84
3.18
2.89
4.67
4.78
4.74
4.67
4.58
4.71
1. Inventories are as of the end of the quarter. Quarter-to-quarter changes calculated from this
table are at quarterly rates, whereas the constant-dollar change in business inventories
component of GNP is stated at annual rates.
2. Quarterly totals at monthly rates. Business final sales equals final sales less gross product
of households and institutions, government, and rest of the world, and includes a small amount
of final sales by farms.
SURVEY OF CURRENT BUSINESS
April 1987
19
Table 7.1.—Fixed-Weighted Price Indexes for Gross National Product,
1982 Weights
Table 6.18B.—Corporate Profits by Industry
[Billions of dollars]
[Index numbers, 1982=100]
Seasonally adjusted at annual rates
1985
1986
1985
IV
II
Seasonally adjusted
1987
1986
I
III
IV
1985
I"
1986
1987
1986
1985
IV
Corporate profits with inventory
valuation and capital
consumption adjustments.. . .
Domestic industries
Financial
Nonfinancial
Rest of the world ..
226.4
191.3
23.2
16.3
6.9
168.1
74.5
26.6
-3.6
3.0
4.7
239.0
200.6
27.8
17.0
10.8
172.8
66.7
28.1
-2.6
4.7
2.2
238.3
205.4
29.1
16.2
13.0
176.3
76.8
34.6
— 1.1
5.0
4.9
4.3
6.6
11.6
47.9
7.6
2.8
18.7
18.9
32.7
45.0
15.9
4.7
6.4
12.7
38.6
9.3
6.3
7.3
15.7
36.8
52.1
17.1
38.4
7.2
4.9
13.7
42.2
10.0
6.4
9.7
16.1
38.6
46.3
14.6
32.9
35.1
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures. ....
Producers' durable equipment
Residential
246.5 252.3
211.8 216.3
28.9 31.5
15.5 15.5
13.4 16.0
182.9 184.9
75.6 85.3
31.8 33.9
.1
-2.3
4.0
5.1
2.8
2.5
4.9
4.1
17.1
43.9
11.2
8.3
7.0
17.4
40.3
53.3
13.7
34.7
3.2
7.0
17.1
51.4
11.7
9.6
10.8
19.3
37.9
47.7
13.9
36.0
II
III
IV
1"
115.4
115.2
106.5
107.7
123.0
113.7
114.1
105.3
109.2
120.0
114.4
114.6
105.8
108.4
121.4
114.9
114.5
106.0
106.5
122.5
115.6
115.4
106.9
107.4
123.6
116.4
116.4
107.4
108.4
124.7
117.4
117.8
108.4
110.2
125.8
103.3 105.2
, 101.9 103.3
..... 100.0 101.3
103.1 104.7
108.2 111.6
104.0
102.4
100.8
103.5
109.4
104.2
102.5
100.7
103.7
110.1
104.9
103.1
101.1
104.4
111.4
105.5
103.6
101.3
105.0
112.0
106.1
104.1
101.8
105.6
113.0
106.7
104.4
102.4
105.7
114.5
112.3
112.4
105.1
107.8
117.7
Gross national product
Personal consumption expenditures
280.7 300.7 285.6 296.4 293.1 302.0 311.2
248.8 265.2 250.5 257.9 260.2 267.3 275.2
24.6 35.0 27.2 32.5 34.3 34.6 38.5
224.2 230.2 223.3 225.5 225.9 232.7 236.7
31.8 35.5 35.1 38.4 32.9 34.7 36.0
Corporate profits with inventory
valuation adjustment
222.6 244.1
Domestic industries
190.8 208.5
Financial
21.0 29.3
Federal Reserve banks
... 16.8 16.0
Other
4.3 13.3
Nonfinancial
169.7 179.2
Manufacturing
73.0 76.1
28.0 32.1
Durable goods
-3.6 -1.5
Primary metal industries
4.7
4.1
Fabricated metal products
3.6
3.1
Machinery, except electrical
Electric and electronic
5.0
equipment
4.9
6.8
5.6
Motor vehicles and equipment
Other
12.1 15.2
Nondurable goods
45.0 44.0
Food and kindred products
7.8 10.6
Chemicals and allied products
4.7
7.6
13.4
Petroleum and coal products
8.7
Other
19.1 17.1
33.0 38.4
Transportation and public utilities
Wholesale and retail trade .. .
49.7 49.8
Other
..
14.0 14.8
Rest of the world
31.8 35.5
I
::::::
Exports
.
Imports
Government purchases of goods and
services
.
Federal
National defense
Nondefense
State and local
Addenda:
Final sales
Personal consumption expenditures,
food
Personal consumption expenditures,
energy
Other personal consumption
expenditures
.,
104.0 103.8 103.8 104.3 104.0 103.5 103.5 104.3
95.9 92.0 96.5 94.8 90.9 90.9 92.7 95.7
114.1
... 111.0
111.4
110.0
116.3
117.1
111.8
112.8
109.5
121.0
115.8
112.1
112.9
110.3
118.5
116.4
112.3
113.2
110.1
119.4
116.7
112.0
112.7
110.1
120.2
117.1
111.4
112.5
108.8
.121.3
118.2
111.6
112.7
108.9
123.0
119.6
113.2
114.2
110.5
124.3
112.2 115.3 113.6 114.3 114.8 115.5 116.3 117.3
108.6 112.2 110.0 110.3 110.8 113.1 114.7 115.5
103.2
91.0 103.3 100.1
90.5
87.7
85.6
90.1
114.6 119.0 116.6 117.5 118.4 119.5 120.7 121.9
NOTE.—Percent changes from preceding period for selected items in this table are shown
table 8.1.
Table 7.2.—Fixed-Weighted Price Indexes for Gross National Product by
Major Type of Product, 1982 Weights
[Index numbers, 1982=100]
Table 7.3.—Fixed-Weighted Price Indexes for Relation of Gross National Product, Gross Domestic Purchases, and Final Sales to Domestic
Purchasers, 1982 We ights
[Index numbers, 1982=100]
Seasonally adjusted
1985
1986
1985
IV
1986
I
II
III
Seasonally adjusted
1987
IV
1985
P
1986
IV
Gross national product
Final sales
Change in business inventories
Goods .
112.3 115.4 113.7 114.4 114.9 115.6 116.4 117.4
112.2 115.3 113.6 114.3 114.8 115.5 116.3 117.3
107.6 108.3 108.1 108.2
Final sales
107.6 108.2 108.0 108.1
Change in business inventories
Durable goods
107.6 105.9 105.7 105.7
Final sales
107.6 105.8 105.6 105.6
Change in business inventories . . . .
Nondurable goods
107.6 110.0 109.7 109.8
Final sales .
107.6 109.8 109.6 109.7
Change in business inventories
Services
107.6 122.9 119.9 121.2
Structures
107.6 107.1 105.9 106.2
107.9 108.3 108.7 109.5
107.7 108.2 108.5 109.3
105.7 106.0 106.3 106.4
105.6 105.9 106.2 106.3
109.3 109.9 110.3 111.5
109.1 109.7 110.1 111.3
122.3 123.4 124.5 125.8
106.9 107.3 107.8 108.8
Gross national product
Less: Exports of goods and services
Plus: Imports of goods and services
Equals: Gross domestic purchases 1
Less* Change in business inventories
Equals: Final2 sales to domestic
purchasers
1987
1986
1985
I
II
III
IV
P
112.3 115.4 113.7 114.4 114.9 115.6 116.4 117.4
104.0 103.8 103.8 104.3 104.0 103.5 103.5 104.3
95.9 92.0 96.5 94.8 90.9 90.9 92.7 95.7
111.5 114.2 113.0 113.5 113.6 114.4 115.4 116.6
111.4 114.1 113.0 113.4 113.5 114.3 115.2 116.5
1. Purchases in the United States of goods and services wherever produced.
2. Final sales in the United States of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in
table 8.1.
20
SURVEY OF CURRENT BUSINESS
April 1987
Table 7.7.—Implicit Price Deflators for the Relation of Gross National
Product, Net National Product, and National Income
Table 7.4.—Implicit Price Deflators for Gross National Product
[Index numbers, 1982=100]
[Index numbers, 1982=100]
Seasonally adjusted
1985
1986
1985
IV
I
II
Se£isonalbf adjus ted
1987
1986
III
IV
1985
P
1986
1985
IV
111.5
111.9
104.5
107.5
117.3
Personal consumption expenditures
Durable goods
Nondurable goods
Services.
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Change in business inventories
Net exports of goods and services
Exports
Imports
Government purchases of goods and
services
Federal
National defense
Nondefense
State and local
114.5
114.2
105.3
107.0
122.4
115.0
114.4
105.9
106.6
123.0
115.2
115.3
106.0
107.4
124.1
116.2
116.8
106.3
109.7
125.2
101.8
99.3
101.7
98.1
108.2
Gross national product
104.0 102.2 103.2 103.6 104.4
100.7 99.4 100.3 100.2 101.0
106.5 103.2 104.4 106.5 107.8
98.3 97.6 98.4 97.6 98.3
111.8 109.4 110.2 111.7 112.2
105.0
101.4
107.7
99.0
113.2
105.3
101.0
108.1
98.4
114.8
112.8
113.4
104.3
108.9
119.5
113.5
113.7
104.5
108.0
120.6
114.0
113.4
104.7
105.8
121.8
102.1 100.4 101.5 101.5 100.9
95.4 91.9 95.7 94.6 91.0
99.9
89.7
114.2
109.7
112.0
104.6
118.0
116.5
111.6
110.5
115.4
120.3
113.1
109.4
110.0
107.9
116.0
115.7
110.2
111.0
107.7
120.1
115.4
111.0
111.6
109.2
118.8
116.0
111.8
111.7
112.1
119.4
99.4 100.2
92.5 95.8
115.1
106.7
110.4
97.0
122.0
117.9
111.1
111.5
109.9
123.1
NOTE.—Percent changes from preceding period for selected items in this table are shown in
table 8.1.
Table 7.5.—Implicit Price Deflators for Gross National Product by
Major Type of Product
[Index numbers, 1982=100]
111.5 114.5 112.8 113.5 114.0 115.0 115.2 116.2
111.5 114.5 112.8 113.5 114.1 115.1 115.1 116.3
Gross national product
Final sales
Change in business inventories
Goods
Final sales
Change in business inventories
Gross national product
Less: Capital consumption allowances
with capital consumption adjustment
Equals: Net national product
Less: Indirect business tax and nontax
liability plus business transfer
payments less subsidies plus current
surplus of government enterprises
Statistical discrepancy
Equals: National income
1986
I
II
1987
III
IV
P
111.5 114.5 112.8 113.5 114.0 115.0 115.2 116.2
102.7 103.3 103.0 102.8 103.2 103.3 103.7 103.8
112.7 116.0 114.2 114.9 115.5 116.6 116.8 117.9
1156 1152 117 1 1203 1091 1180 1135 1151
1105 1131 1117 1122 1127 1137 1137
1124 116 1 1139 1144 1162 1165 117 2
Table 7.8.—Implicit Price Deflators for Command-Basis Gross National
Product
[Index numbers, 1982=100]
Gross national product
Less: Net exports of goods and services
Exports
Imports
Equals: Gross domestic purchases
Plus: Command-basis net exports of
goods and services
Command-basis exports
Imports
Equals: Command-basis gross national
product
Ill 5 1145 112 8 113 5 1140 1150 1152 1162
1021 1004 101 5 101 5 1009 999 994 1002
954 919 957 94 6 910 897 925 958
110.4 112.8 111.7 112.2 112.2 113.0 113.7 115.0
954
954
919
919
957
957
946
946
910
910
897
897
925
925
958
958
1107 113 4 1122 1127 1128 1137 1143 1156
NOTE.—Percent changes from preceding period for selected items in this table are shown in
table 8.1.
106.3 106.6 106.6 106.7 106.3 107.2 106.2 106.9
1062 1066 1065 1067 106.4 107.4 106.0 106.9
Table 7.9.—Fixed-Weighted Price Indexes for Personal Consumption
Expenditures by Major Type of Product, 1982 Weights
Durable goods
Final sales
103.6 102.4 103.0 103.2 102.3 102.2 101.8 101.7
103.5 102.3 102.8 102.9 102.2 102.3 102.0 101.4
[Index numbers, 1982=100]
Nondurable goods
Final sales
108.5 110.0 109.6 109.5 109.5 111.3 109.8 111.2
108.4 110.1 109.4 109.5 109.8 111.8 109.3 111.4
117.5 122.5 119.7 120.8 121.9 123.0 124.2 125.4
106.2 110.5 107.6 108.5 110.4 111.2 111.7 112.9
Services
Structures
NOTE.—Percent changes from preceding period for selected items in this table are shown in
table 8.1.
Table 7.6.—Implicit Price Deflators for Gross National Product by
Sector
[Index numbers, 1982=100]
Gross national product
Gross domestic product
Nonfarm
Nonfarm less housing
Housing
Farm
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions
. .
Government
Federal
State and local
Rest of the world
111.5
111.5
1105
110.8
110.1
118.8
97.4
110.5
117.2
102.5
. . . . 118.4
118.4
114.8
120.3
112.7
Addendum:
Gross domestic business product less
g
114.5
114.5
113.1
113.5
112.3
126.0
93.0
113.1
122.0
103.7
123.4
124.1
117.7
127.3
116.0
112.8
112.8
111.7
112.0
111.1
121.9
98.1
111.7
119.0
102.9
120.3
120.8
116.9
122.8
114.2
113.5
113.5
112.2
112.7
111.7
123.5
92.8
112.2
120.4
103.2
121.8
122.0
117.2
124.5
115.0
114.0
114.0
112.7
113.1
111.9
125.4
95.1
112.7
121.5
103.4
123.0
123.4
117.6
126.3
115.5
115.0
115.0
113.7
114.1
112.9
126.8
92.9
113.7
122.6
103.8
124.1
124.5
117.9
128.0
116.7
115.2
115.2
113.7
114.2
112.8
128.4
91.0
113.7
123.3
104.2
124.9
126.3
118.2
130.5
116.8
116.2
116.2
114.5
115.0
113.7
129.6
89.7
114.5
124.5
104.5
126.2
128.1
121.5
131.5
117.9
1098
NOTE.—Percent changes from preceding period for selected items in this table are shown in
table 8.1.
Personal consumption
expenditures
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other
Transportation
Medical care
Other
112.4
1051
108.3
100.7
1068
107 8
1086
1063
960
113.7
92.7
1166
1177
1177
115.8
114.8
1169
1095
1227
1169
115.2
1065
110.6
100.8
1084
107 7
1122
1060
753
1157
74.9
121 3
123 0
1245
1184
114.2
1227
1138
1295
1210
114.1
1053
108.6
100.5
1070
1092
1100
107 6
965
1155
95.2
1183
1200
1206
1163
1138
1189
110 1
1261
1189
114.6
1058
109.3
100.7
107 5
1084
1103
1059
906
1157
880
1196
121 4
1220
1176
1148
1204
1128
1277
1198
114.5
1060
110.1
100.4
107 8
1065
1108
105 1
741
1151
752
1206
122 5
1238
1185
1146
1225
1135
1286
1205
115.4
1069
110.9
101.0
1090
1074
113 1
1057
692
1157
687
1222
1236
1252
1194
1151
123 8
1136
1299
1214
116.4
107 4
1122
100.8
1094
1084
1147
107 5
674
1164
678
1230
1247
1269
1181
1125
1240
115 1
131 7
1224
117.8
1084
1129
102.1
1104
1102
1155
107 9
749
1185
740
1247
1258
1280
1180
1127
123 5
117 1
133 1
1238
Table 7.14.—Fixed-Weighted Price Indexes for Exports and Imports of
Goods and Services, 1982 Weights
[Index numbers, 1982=100]
Exports of goods and services .
Merchandise
Durable goods
Nondurable goods ..
Services. •
Factor income
Other
Imports of goods and services
Merchandise
Durable goods
Nondurable goods
Services
Factor income
Other
104.0
989
1004
969
1114
1130
1085
95.9
926
949
90.2
1055
1127
99.9
1038
965
996
924
1143
1164
1107
92.0
863
1006
71.9
1086
1160
102.9
103 8
976
999
94 5
1127
1146
1095
96.5
930
962
89.8
1068
1142
101.0
1043
981
999
957
1133
1153
1097
94.8
904
97 6
831
107 6
1150
1018
1040
971
995
940
1139
116 1
110 1
90.9
850
995
70.3
1080
1155
1022
103 5
957
994
907
1149
1170
111 0
90.9
846
1017
67.3
109 1
1166
1033
1035
954
997
89 6
1152
1173
111 6
92.7
869
1034
70.2
1097
1168
1042
1043
959
1002
902
1163
1186
1123
95.7
904
1052
755
111 1
118 1
1056
SURVEY OF CURRENT BUSINESS
April 1987
21
Table 7.15.—Fixed-Weighted Price Indexes for Merchandise Exports and
Imports by Type of Product and by End-Use Category, 1982 Weights
Table 7.16.—Fixed-Weighted Price Indexes for Government Purchases
of Goods and Services by Type, 1982 Weights
[Index numbers, 1982=100]
[Index numbers, 1982=100]
Seasonally adjusted
Seasonally adjusted
1985
1986
1985
IV
Merchandise exports
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods ..
. ..
Merchandise imports.
Foods, feeds, and beverages
Industrial supplies and materials,
excluding petroleum
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except autos
Autos .
Consumer goods
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
1985
1987
1986
I
II
III
IV
98.1
93.1
94.7
94.7
94.7
98.7
111.2
101.6
95.8
106.1
100.8
100.8
100.8
90.4
103.7
97.1
91.8
91.9
91.9
91.9
98.5
112.1
103.0
96.6
108.1
100.1
100.1
100.1
85.0
106.9
95.7
84.8
90.3
90.3
90.3
98.7
112.7
103.3
96.8
108.4
98.4
98.4
98.4
84.6
103.0
95.4
82.4
89.7
89.7
89.7
99.1
113.3
104.0
97.3
109.3
98.0
98.0
98.0
86.9
106.2
95.9
81.9
91.0
91.0
91.0
99.5
113.8
104.7
98.0
110.0
98.8
98.8
98.8
90.4
106.2
98.9
95.6
95.7
95.7
95.7
99.8
109.6
99.9
94.2
104.3
101.2
101.1
101.2
92.6
97.8
96.5
87.8
91.6
91.6
91.6
98.7
112.3
103.0
96.7
108.0
99.3
99.3
99.3
86.3
104.9
87.4
87.4
87.4
84.5
87.9
107.1
99.6
95.9
104.9
96.7
96.7
96.7
84.4 85.7 84.9 83.7 84.0 84.9 85.7
84.5 85.7 85.0 83.8 84.1 85.0 85.8
84.3 85.7 84.9 83.7 83.9 84.7 85.5
45.4 84.2 69.0 42.2 36.6 40.8 50.7
93.2 88.6 89.9 92.2 94.5 96.2 98.2
117.9 110.6 113.4 116.7 119.3 121.8 124.5
105.0 100.8 102.0 103.8 106.3 107.6 109.0
103.3 97.6 99.4 102.0 105.0 106.4 108.0
107.5 105.4 105.8 106.4 108.2 109.3 110.5
102.1 97.9 99.3 101.2 102.9 104.7 106.1
102.1 97.9 99.3 101.2 102.9 104.7 106.1
102.1 97.9 99.3 101.2 102.9 104.7 106.1
Table 7.17.—Fixed-Weighted Price Indexes for National Defense
Purchases of Goods and Services, 1982 Weights
Government purchases of goods
and services
.... 114.1
111.0
Federal
111.4
National defense
111.8
Durable goods
89.0
Nondurable goods
113.6
Services
Compensation of employees
. . 114.5
114.0
Military
115.6
Civilian
112.0
Other services
110.4
Structures
110.0
Nondefense
99.6
Durable goods
1985
IV
National defense purchases
Durable goodsMilitary equipment
Aircraft . .
Missiles .
Ships.
Vehicles.
Electronic equipment
Other
Other durable goods
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods
Services
Compensation of employees
Military
Civilian
Other services
Contractual research and
development
Installation support *
Weapons support 23
Personnel support
Transportation of materiel
Travel of persons
Other
Structures
Military facilities
.'
Other
III
IV
117.1
111.8
112.8
113.2
71.6
117.0
117.8
118.0
117.5
115.4
115.0
109.5
99.6
115.8
112.1
112.9
111.5
89.2
115.9
117.0
117.2
116.6
113.8
112.6
110.3
100.0
116.4
112.3
113.2
112.2
87.4
116.4
117.3
117.4
116.9
114.8
113.2
110.1
99.9
116.7
112.0
112.7
113.4
71.4
116.9
117.8
118.0
117.2
115.2
114.2
110.1
99.2
117.1
111.4
112.5
113.5
63.7
117.2
117.9
118.1
117.6
115.7
116.1
108.8
99.6
94.7
115.8
117.6
113.0
109.5
121.0
108.6
90.5
126.5
127.3
122.8
113.2
99.3
114.7
116.7
111.7
108.5
118.5
107.3
100.0
122.2
122.8
119.5
112.5
91.6
115.1
117.0
112.2
109.0
119.4
107.4
95.4
123.9
124.5
121.2
112.9
96.3
115.5
117.3
112.7
109.3
120.2
108.1
89.5
125.6
126.3
122.2
113.1
96.7
115.9
117.7
113.1
109.7
121.3
108.6
87.9
127.2
128.0
123.4
113.5
94.0
116.5
118.2
113.9
109.9
123.0
110.3
89.1
129.3
130.5
124.3
113.4
111.4
111.8
113.6
125.5
107.7
114.3
75.4
106.7
107.0
103.9
89.0
79.7
109.4
107.6
112.8
113.2
114.9
124.2
111.8
117.2
85.9
107.7
107.3
105.5
71.6
54.1
106.8
109.5
112.9
111.5
113.2
124.2
107.9
115.4
76.4
106.6
106.2
104.1
113.6
114.5
114.0
115.6
112.0
117.0
117.8
118.0
117.5
115.4
113.4
116.8
112.7
110.0
96.2
102.0
114.7
120.1
113.8
129.9
98.2
102.3
I
II
112.7
113.4
115.3
126.2
111.9
117.6
78.7
107.4
107.0
104.8
71.4
53.8
107.1
109.4
115.9
117.0
117.2
116.6
113.8
113.2
112.2
113.8
125.2
107.2
116.7
77.9
106.8
106.3
104.8
87.4
77.6
106.8
109.3
116.4
117.3
117.4
116.9
114.8
114.6
118.6
114.0
118.2
95.9
102.8
115.1
119.4
114.1
123.4
98.1
101.3
89.2
79.8
109.5
108.3
III
IV
P
118.2
111.6
112.7
113.8
63.7
117.4
118.2
118.3
118.1
115.7
116.4
Other nondurables
Services.
.
Compensation of employees
Other services
Structures
State and local
Durable goods
Nondurable goods
Services
Compensation of employees
Other services
Structures.
100.5
113.7
115.5
110.8
107.3
116.3
106.4
99.2
119.8
120.3
117.7
110.9
119.6
113.2
114.2
113.5
66.0
119.6
121.3
121.2
121.6
116.2
117.0
108.9 110.5
99.6 99.9
96.0
118.9
121.8
114.4
110.6
124.3
110.1
92.7
130.4
131.5
125.3
114.3
[Dollars]
1987
1986
Seasonally adjusted
P
1985
1986
112.7
113.8
115.2
122.3
114.1
117.2
94.3
108.3
108.1
107.4
63.7
42.6
106.2
109.4
116.9
117.8
118.0
117.2
115.2
117.4
118.2
118.3
118.1
115.7
113.5
115.3
122.1
114.8
117.5
93.9
108.2
108.3
105.6
66.0
46.4
105.1
109.4
119.6
121.3
121.2
121.6
116.2
114.8
120.5
113.8
127.5
97.8
102.0
114.6
120.9
113.6
133.1
97.5
101.9
114.4
119.6
113.6
135.4
99.2
103.8
114.5
119.4
113.2
141.5
99.2
104.6
110.4 115.0 112.6 113.2 114.2 116.1 116.4 117.0
111.2 116.3 113.7 114.6 114.9 117.8 117.8 117.8
109.1 113.0 110.8 111.0 113.1 113.6 114.3 115.8
1985
IV
114.2
112.5
113.5
115.3
123.1
113.8
117.2
92.7
108.1
107.6
105.1
63.7
42.4
107.1
109.7
117.2
117.9
118.1
117.6
115.7
1. Includes utilities, communications, rental payments, maintenance and repair, and payments
to contractors to operate installations.
2. Includes depot maintenance and contractual services for weapons systems.
3. Includes compensation of foreign personnel, consulting, training, and education.
II
Commodity Credit Corporation
Seasonally adjusted
1986
I
Table 7.18.—Current-Dollar Cost and Profit per Unit of Constant-Dollar
Gross Domestic Product of Nonfinancial Corporate Business
[Index numbers, 1982=100]
1985
1987
1986
1985
IV
P
97.6
89.9
95.0
95.0
95.0
99.0
110.7
100.2
94.6
104.6
100.2
100.2
100.2
93.0
97.7
1986
Current-dollar cost and profit per
unit of constant-dollar gross
domestic product *
Capital consumption allowances with
capital consumption adjustment
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies
Domestic income
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
Net interest
1987
1986
I
II
III
IV
P
1.081 1.101 1.088 1.095 1.097 1.106 1.106
.120
.961
.123
.978
.121
.967
.121
.974
.123
.974
.123
.983
.124
.103
.858
.708
.106
.873
.725
.104
.863
.716
.106
.868
.721
.103
.871
.724
.107
.876
.727
.106
.877
.729
.106
.032
.107
.036
.105
.033
.105
.032
.106
.034
.109
.036
.109
.040
.075
.043
.072
.040
.072
.042
.073
.042
.072
.041
.072
.040
.069
.039
.983
1. Equals the deflator for gross domestic product of nonfinancial corporate business with the
decimal point shifted two places to the left.
22
SURVEY OF CURRENT BUSINESS
April 1987
Table 8.1.—Percent Change From Preceding Period in Selected Series
[Percent]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1985
1986
IV
Gross national product:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Personal consumption expenditures:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Durable goods:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Nondurable goods:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Services:
Current dollars
1982 dollars .
..
Chain price index
Fixed-weighted price index
Gross private domestic investment:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Fixed investment:
Current dollars
1982 dollars
Implicit price deflator
Fixed-weighted price index . . .
Nonresidential:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Structures:
Current dollars
,
1982 dollars
Implicit price deflator
,
Chain price index
Fixed-weighted price index
Producers' durable
equipment:
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index....
Residential:
Current dollars
...
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Exports of goods and services:
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Imports of goods and services:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
1987
1986
1985
I
II
III
5.2
2.5
2.7
2.5
2.8
5.8
2.1
3.6
3.9
4.0
6.2
3.8
2.5
1.9
2.5
2.6
.6
1.8
1.5
1.7
6.4
2.8
3.6
2.5
2.6
1.7
1.1
.7
2.5
2.7
7.8
4.3
3.5
3.3
3.6
7.1
3.5
3.5
3.6
3.7
6.2
4.1
2.1
2.4
2.5
6.4
1.7
4.3
4.7
4.7
5.2
4.6
6.2
3.6
1.1 -1.1
1.4 -.3
1.5 -.4
10.3
6.7
3.6
3.6
3.4
3.0
4
3.2
3.6
3.5
4.9
4
5.3
4.8
4.8
8.5
7.8
.7
1.0
1.0
-1.3
8.0 -11.6
-1.8
7.2 -11.1
.8
.8 — .8
1.5
1.1
1.3
1.8
1.0
1.3
51.0 -10.6
44.6 -11.0
.4
4.7
2.6
3.0
2.1
3.2
16.4
175
1.1
3.2
3.6
4.0
1.6
2.4
2.5
2.5
3.0
3.6
-.5
-.1
-.1
8.9
3.7
5.0
5.2
5.2
7.9
3.4
4.3
4.4
4.5
11.4
6.0
5.2
5.4
5.2
-.2
-.7
3.4
1.5
7.6
6.0
.6
3.1
6.9
8.0
6.5
1.6
79
5.3 -3.3
5.2 -2.9 -6.6
5.2 -2.9 -6.8
1.9
9
3.1
3.4
3.2
3.2
_i
3.0
3.9
3.9
10.0
1.2
8.8
7.0
6.8
6.5
2.6
4.0
3.6
3.8
6.5
2.4
4.0
3.8
3.6
7.0
3.2
3.6
3.7
3.6
8.1
4.3
3.6
3.9
3.8
65 -7.3
25.3 113
130
20.2 -10.8 -7.8
27.6
28.3
7.2
3.2
3.7
4.3
4.6
8.7
7.7
.9
1.2
1.5
4.2
1.9
2.2
1.6
1.9
11.7 -4.8
9.9 -8.4
4.0
2.0
2.1
.2
.9
2.4
5.2
3.5
1.6
3.2
2.8
4.5
1.2
3.1
2.1
2.0
6.0 -10.2
3.6 -11.1
1.1
2.3
2.5
2.7
2.2
2.4
10.0
9.3
.6
.9
1.4
.4
1.0
1.4
.9
1.5
12.9
12.5
.4
.8
1.6
1.3
1.5
.9 -2.1
3.2
— 4
2.2
2'.2
2.0
2.2
4.7 -14.1
3.0 -12.8
1.6 -1.6
.9
2.3
1.1
2.0
7.4
11.1
7.7 — 11.6
4.7
3.1
1.6
1.8
1.3
1.7
9.4
10.1
-.6
.4
1.2
6.5 29.8 -5.5 -5.6 -19.6
5.8
.3 —10.8 —35.2 —9.8 —5.4
1.5
5.0 -.4
8.3
4.7
5.6
3.3
2.2
1.3
2.6
.2
3.2
2.5
1.7
1.0
1.5
3.1 -.3
4.4 16.9 145 15.8
19.6
4.2 18.7 -17.0
2 -1.6
3.3 -3.2
!e -A -1.2g 2.0
2.6
1.6
.7
4.5
1.2
2.9
2.6
2.6
9.5 -11.7
6.6 -9.6
24
2.9
.1
2.3
.2
2.3
21.0
14.5
5.6
5.5
4.7
11.6
9.7
1.8
1.8
2.1
7.4 120
98
7.1
23
0
1.2 — 1 ri
2.0 — I t
8.9
13.3
39
14
1.7
IV
Government purchases of goods and
services:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Federal:
Current dollars
1982 dollars
Implicit price deflator
Chain price index .
National defense:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Nondefense:
Current dollars
1982 dollars
Implicit price deflator
Chain price index.
.. .
Fixed-weighted price index
State and local:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Addenda:
Gross domestic purchases:
1982 dollars
Fixed-weighted price index
Final sales:
1982 dollars
Chain price index
Fixed-weighted price index
Final sales to domestic purchasers:
1982 dollars
Chain price index
Command-basis gross national product:
1982 dollars
Implicit price deflator
Gross domestic product:
1982 dollars
Implicit price deflator
Business:
1982 dollars
Implicit price deflator
Nonfarm:
1982 dollars
Implicit price deflator
Disposable personal income:
1987
1986
I
II
III
IV
P
11.2
6.8
4.1
4.5
4.4
13.1 -8.5
10.0 -12.3
2.9
4.3
5.5
1.7
4.9
2.1
12.0
9.7
2.1
1.5
1.0
3.1
6.3
5.3
4.5 10.5 -6.3
10.1
1.7 -4.7
3.9
.8
3.3
4.7
3.8
1.3
13.7
10.9
2.5
3.2
2.9
3.4
2.7
.7
.7
.8
24.1
22.7
1.1
6.2
4.9
14.1
11.0
2.9
.6
12
1.9
2.5
7
2.8
20
10.4
7.4
2.7
3.0
3.7
19.3 12.6
3.8 -2.4
7.0
19.0 17.2
6.1 -4.7 -1.0
.4 -4.2
9.1 -1.4
.9
.4 -3.2
7.7
0
1.2
6.0
1.2 -1.7 -1.0
1.3
24.3
21.4
2.3
3.7
1.1
,
,
6.0
3.5
2.3
2.4
2.6
64 95.3 60.9 -.4
64 130.2 -67.1 -10.3
2 149 18.8 11.1
g
2.0
1.3
.6
.1
2.3 -.9
-.5
240
275
4.8
.2
.6
3.1 -3.1
23.2 -17.4
164 17.5
3.7
-.1
5.8
.6
107
102
4
-.4
.8
13.9
9.7
4.0
3.5
5.6
-26.5
62.8 -42.6
-34.6 226.3 -65.0
64.8
12.3 -50.1
4.1
1.2
-1.6
6.3
-4.7
.3
9.3
3.7
5.4
5.5
5.5
8.0
4.3
3.5
3.8
4.0
5.1
.3
4.9
4.9
5.0
5.3
2.6
2.7
2.9
3.2
10.7
8.7
2.0
2.2
2.6
9.6
6.1
3.0
3.5
3.7
6.9
1.1
5.8
5.7
6.0
7.8
3.8
3.7
4.1
4.0
3.4
3.4
3.6
3.5
2.3
2.5
4.0
4.4
4.5
3.0
1.2
1.6
3.6
.6
.4
3.7
2.7
2.8
-.6
3.3
3.5
2.7
4.3
4.4
4.2
3.6
3.6
2.6
2.5
2.7
2.7 -1.3
4.0
1.9
2.4
3.9
3.4
1.5
1.7
4.5
2.5
2.6
4.2 -2.2
2.5
3.3
2.7
3.6
4.8
3.4
3.5
3.6
2.3
2.4
4.7
4.4
4.5
18
1.3
1.6
6.4
.6
.3
5.4
2.8
2.8
2.4
3.4
3.4
35
4.3
4.4
2.8
3.3
2.7
2.4
1.6
4.4
4.3
1.8
1.9
.4
3.1
3.2
4
2.1
3.0
4.6
3.0
3.3
2.7
2.7
1.9
3.6
3.7
2.5
1.4
1.8
2.6
3.6
1.5
.7
4.5
3.5
3.1
3.0
2.8
2.4
1.9
3.3
4.0
1.8
1.4
1.8
2.7
3.6
1.4
0
4.9
2.8
3.0
3.5
2.7
2.4
1.1
2.5
4.9
2.5
.8
1.4
2.6
3.6
2.8
.4
5.2
2.8
5.9
2.3
5.1
2.9
7.3
2.6
7.5
6.5
.2
1.8
6.0
7.1 -3.1 -1.5
9.5
4.0
1.4
144
16.7 -1.6
3.3
2.0
2.8
— .t
3.1
13.1
9.5
3.3
3.3
3.2
34
20
9
6.7
8.2
2.5
— 1 ' -1.2
_ (
-.(
«•
6.4
1.6
3.8 10.4
-2.1 -3.7
-2.0 -1.7
-1.9 -4.0
8.7
3.4
4.9
5.2
5.1
27.1
23.3
3.0
4.5
4.8
14.2
11.0
3.0
2.5
2.6
_ (
10.9
15'.8 17.3
-45 -14.4 -5.6
1.4
-4.4 -8.5
-7.0 -15.5
-4.2
12.2
C
13.1
8.3
8.4
1982 dollars
2.5
-11.1
15.1
11.9
13.5
NOTE.—The fixed-weighted price index and the chain price index, both of which are weighted
averages of the detailed prices used in the deflation of GNP, are measures of price change. In
calculating changes in these indexes, the composition of GNP is held constant. Consequently
these changes reflect only changes in prices. The fixed-weighted price index measures price
change over any period, using as weights the composition of GNP in 1982. The chain price index
measures price change between two consecutive periods, using as weights the composition of
1985
8.8 -1.8
72
5.2
5.8
3.6
5.8
3.6
5.6
3.7
5.7
3.9
1.8
1.8
1.8
-\A
11.9
15.1
3.7
.7
.4
1986
P
IV
6.2
2.7
3.3
3.6
3.7
15.3
14.3
.8
1.2
1.0
1985
GNP in the first period. The implicit price deflator is a byproduct of the deflation of GNP. It is
derived as the ratio of current- to constant-dollar GNP (multiplied by 100). It it the average of
the detailed prices used in the deflation of GNP, but the prices are weighted by the composition
of GNP in each period. Consequently, the implicit price deflator reflects not only changes in
prices but also changes in the composition of GNP, and its use as a measure of price change
should be avoided.
SURVEY OF CURRENT BUSINESS
April 1987
23
Errata: National Income and Product Accounts
THE table below shows corrections to estimates for 1983 through 1985
published in the National Income and Product Accounts Tables in the
July 1986 issue of the SURVEY OF CURRENT BUSINESS. The corrections are
to the distribution of "other" merchandise exports and "other" merchandise imports between durable and nondurable goods in both current and
constant dollars. The corrections do not affect either total "other" merchandise exports or imports or other aggregates such as total merchandise exports or imports, total exports or imports, or gross national product. Price measures and implicit price deflators are also not affected,
Table 1.3.—Gross National Product by Major Type of Product
[Billions of dollars]
Seasonally adjusted at annual rates
1983
1984
1983
1985
1985
1984
I
Durable goods (7):
As published
Corrected
Final sales (8):
As published
Corrected
Nondurable goods (10):
As published
Corrected
Final sales (11):
As published
Corrected
II
III
IV
I
II
III
IV
I
II
III
IV
573.4
574.3
675.0
677.6
700.2
703.5
507.2
508.5
565.8
566.3
593.3
593.8
627.1
628.6
657.9
659.8
669.0
671.4
677.8
680.8
695.4
698.4
688.4
692.2
693.1
696.8
710.3
713.3
709.1
711.8
574.3
575.3
635.9
638.5
693.6
696.9
539.7
541.0
567.9
568.5
579.3
579.8
610.4
611.9
612.4
614.3
632.2
634.6
633.0
636.0
666.0
669.0
671.1
674.9
690.8
694.4
713.0
716.0
699.6
702.3
822.7
821.8
901.7
899.1
930.0
926.7
817.2
815.9
817.9
817.3
809.2
808.8
846.6
845.1
895.6
893.7
904.6
902.2
908.0
905.0
898.6
895.6
923.2
919.4
929.3
925.6
932.5
929.4
935.0
932.3
828.8
827.9
876.7
874.2
925.5
922.2
827.4
826.1
826.9
826.3
828.8
828.3
832.3
830.9
845.7
843.8
881.5
879.1
888.4
885.4
891.4
888.4
915.2
911.4
912.6
908.9
926.7
923.7
947.7
945.0
Table 1.4.—Gross National Product by Major Type of Product in Constant Dollars
[Billions of 1982 dollars]
Durable goods (7):
As published
Corrected
Final sales (8):
As published
Corrected
Nondurable goods (10):
As published
Corrected
Final sales (11):
As published
Corrected
5642
5651
6534
6558
6758
6790
5006
5019
5591
5596
5844
5848
6126
6140
6398
6416
6495
651 8
6546
6573
6696
6724
6600
6636
6683
6718
6865
6894
6887
6913
565.4
5663
615.9
6183
670.0
6732
532.5
5338
561.3
5619
571.3
5717
596.6
5980
596.2
5980
614.1
6163
611.8
6146
641.5
6444
643.8
6474
666.6
6701
689.3
6923
680.2
6828
8028
801 9
8497
8473
8574
8542
8116
8103
7989
7984
7895
789 1
811 1
8097
8465
8447
8566
8543
8558
8530
8400
8371
8611
857 4
8577
8542
8578
8548
8530
8504
8080
8070
8280
8256
8542
851 1
8221
8208
806.0
8054
8035
8031
8002
7988
8050
8032
8350
8328
8379
8351
834.1
8312
854.1
8505
841.9
8385
854.2
851.3
866.7
864.0
Table 4.1.—Foreign Transactions in the National Income and Product Accounts
[Billions of dollars]
Exports of merchandise:
Durable goods (4):
As published
Corrected
Nondurable goods (5):
As published
Corrected
Imports of merchandise:
Durable goods (13):
As published
Corrected
Nondurable goods (14):
As published
Corrected
1158
1179
1256
1296
1282
1333
1121
1145
1138
1155
1158
1174
1216
1242
1225
1260
1238
1278
1265
1308
1295
1339
1287
1342
1297
1353
1280
1328
126.3
131.0
903
882
985
945
914
863
891
867
87 2
855
907
890
94 1
91 4
968
933
994
954
995
952
985
941
973
919
914
858
870
822
899
85.2
1458
1470
1911
1926
2026
2044
1310
132 1
1373
1384
1488
1500
1661
1673
1806
1822
1906
1922
1954
1968
1977
199 1
1947
1964
1993
201 2
2023
2041
213.9
2159
1255
1244
1433
141 9
139 1
1373
1093
1082
1236
1225
137 0
1358
1322
131 0
1396
138 1
1455
1439
143 1
141 7
1452
1437
1284
1267
1414
1395
1369
1351
149.9
147.9
Table 4.2.—Exports and Imports of Goods and Services in Constant Dollars
[Billions of 1982 dollars]
Exports of merchandise:
Durable goods (4):
As published
Corrected
Nondurable goods (5):
As published
Corrected
Imports of merchandise:
Durable goods (13):
As published
Corrected
Nondurable goods (14):
As published
... .
Corrected
1175
119.6
1273
1313
1335
1385
1127
1152
1154
1172
1180
1197
1237
1263
1240
1274
1250
1288
1283
132.4
132 1
136.4
1326
138.0
1343
139.8
1336
138.3
133.4
138.1
90.1
880
954
915
939
888
913
889
88 3
866
901
884
907
881
929
895
941
903
96.6
92.4
98.1
93.7
98.2
92.8
92.7
87.3
90.3
85.5
94.4
89.7
1492
1504
1993
2008
2166
2186
1329
1340
1397
1409
1529
1541
1713
1725
1867
1883
1973
1989
2045
2059
2086
2101
2092
2109
213.8
215.8
216.9
218.8
226.7
228.8
1330
1319
1507
1492
1521
150 1
1138
1127
1326
1314
1454
1442
1403
1391
1473
1457
1514
1498
1503
1489
1539
1524
1383
1366
153.9
1519
151.4
149.6
164.6
162.5
24
SURVEY OF CURRENT BUSINESS
April 1987
Table 4.3.—Merchandise Exports and Imports by Type of Product and by End-Use Category
[Billions of dollars]
Seasonally adjusted at annual rates
1983
1983
1985
1984
II
I
Exports of merchandise, other:
Durable goods (12):
As published
Corrected
Nondurable goods (13):
As published
Corrected
Imports of merchandise, other:
Durable goods (26):
As published
Corrected
Nondurable goods (27):
As published .. ..
Corrected ... .
1985
1984
I
IV
III
I
IV
III
II
IV
III
II
6.0
8.1
6.4
10.5
6.9
12.0
5.3
7.7
5.8
7.5
6.4
8.0
6.4
9.1
6.4
9.9
6.4
10.4
6.4
10.7
6.4
10.9
6.6
12.1
6.8
12.4
7.0
11.8
7.2
11.9
10.2
8.1
14.5
10.5
17.2
12.0
10.1
7.7
9.2
7.5
9.7
8.0
11.7
9.1
13.4
9.9
14.4
10.4
15.1
10.7
15.3
10.9
17.5
12.1
18.0
12.4
16.6
11.8
16.6
11.9
4.9
6.0
5.4
6.8
6.1
7.9
4.7
5.8
4.8
5.9
4.9
6.1
5.0
6.2
5.2
6.7
5.3
6.9
5.4
6.8
5.6
7.0
5.8
7.5
6.0
7.9
6.2
8.0
6.4
8.4
7.2
6.0
8.3
6.8
9.8
7.9
6.9
5.8
7.1
5.9
7.3
6.1
7.4
6.2
8.3
6.7
8.4
6.9
8.1
6.8
8.5
7.0
9.1
7.5
9.8
7.9
9.7
8.0
10.5
8.4
Table 4.4.—Merchandise Exports and Imports by Type of Product and by End-Use Category in Constant Dollars
[Billions of 1982 dollars]
Exports of merchandise, other:
Durable goods (12):
As published
Corrected
Nondurable goods (13):
As published
Corrected
Imports of merchandise, other:
Durable goods (26):
As published
Corrected. . .
Nondurable goods (27):
As published .
Corrected . .
59
80
62
101
68
119
53
78
5.8
75
63
79
62
88
62
96
61
99
62
104
63
106
6.5
11.8
6.7
12.2
6.9
11.7
7.2
11.9
101
80
140
101
170
119
102
78
92
75
96
79
114
88
129
95
137
99
145
104
150
106
17.2
11.8
17.7
12.2
16.5
11.7
16.6
11.9
49
61
54
70
63
82
48
59
48
60
50
62
51
63
52
68
53
69
55
69
57
72
6.0
7.7
6.2
8.2
6.4
8.3
6.5
8.6
73
61
85
69
101
82
70
59
71
60
74
62
76
63
84
68
85
69
83
69
87
72
9.5
7.7
10.2
8.2
10.1
8.2
10.7
8.6
NOTE.—The figures in parentheses are the line numbers shown in the July 1986 SURVEY OF
CURRENT BUSINESS.
Because no data are available to distribute exports and imports of "other" merchandise between durable and nondurable goods (tables 4.3 and 4.4), they are distributed equally.
By MILO O. PETERSON
Gross Product by Industry, 1986
GNP increased 2.5 percent in
1986, about the same as in 1985. All
domestic industries except agriculture, forestry, and fisheries and
mining contributed to the 1986 increase. Agriculture, forestry, and fisheries declined 2.8 percent, in contrast
to a 9.8-percent increase in 1985;
mining declined 9.6 percent, following
a 1.8-percent decline. In mining, the
declines in both years were accounted
for by oil and gas extraction. Real
GNP originating in the rest of the
world declined substantially in both
1986 and 1985.
Among the domestic industries, the
largest percentage increases in 1986
were in retail trade, services, and
wholesale trade. In manufacturing,
which also showed a larger percentage increase than total GNP, durables
and nondurables increased at the
same rate. The increase in durables
was one-half the 1985 increase, and
the increase in nondurables followed
a slight decline.
The industry estimates for 1986 as
well as those for 1984 and 1985 will
be revised as part of the upcoming
annual revision of the national
income and product accounts. The revised estimates and more industry
detail will appear in the National
Income and Product Accounts Tables
in the July 1987 SURVEY OF CURRENT
BUSINESS (tables 6.1 and 6.2).
A summary statement defining
gross product by industry follows this
article. It also describes the sources
and methods used to derive the gross
product estimates.
Table 1.—Gross National Product by Industry in Current and Constant Dollars
Billions of current
dollars
1984
1985
1986
Billions of constant
(1982) dollars
1984
1985
1986
Percent change from
preceding year
1985
Gross national product
Domestic industries (gross domestic product)
Private industries
Agriculture* forestry, and fisheries
Mining
Construction .
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate
Services
Government and government enterprises
Rest of the world
3,765.0 3,998.1 4,206.1 3,489.9 3,585.2 3,674.9
3,717.5 3,957.0 4,168.9 3,446.0 3,548.3 3,642.4
3,277.1 3,485.1 3,658.1 3,045.8 3,152.8 3,231.6
89.7
92.2
84.0
94.0
84.6
91.5
125.1 122.8 103.4 133.0 130.6 118.1
171.1 182.2 197.7 159.9 163.1 166.0
766.9 795.8 823.9 748.2 776.9 802.6
446.6 463.1 473.7 451.7 481.5 497.3
320.3 332.8 350.2 296.4 295.4 305.3
350.9 374.4 390.3 317.0 323.3 323.9
262.1 277.2 289.5 249.6 264.5 276.0
348.3 375.3 396.6 328.6 339.8 357.3
577.0 626.6 678.8 506.1 523.9 535.7
581.6 639.4 693.2 519.6 538.5 562.3
442.3 477.4 507.9 392.3 399.4 405.8
47.5
41.2
37.1
43.9
37.0
Constant
dollars
Current
dollars
1986
1985
1986
5.2
2.7
2.5
6.4
5.4
5.0
6.3
-2.7
-7.5
-1.9 -15.8
6.5
8.5
3.8
3.5
2.3
3.7
3.9
5.2
6.7
4.3
4.4
5.8
5.7
7.7
8.3
8.6
8.4
9.9
6.4
7.9
3.0
3.5
9.8
-1.8
2.0
3.8
6.6
-0.3
2.0
6.0
3.4
3.5
3.6
1.8
2.7
2.5
-2.8
-9.6
1.8
3.3
3.3
3.3
0.2
4.3
5.2
2.3
4.4
1.6
6.2
32.6 -13.4
-9.8
-15.8
-11.8
25
SURVEY OF CURRENT BUSINESS
26
April 1987
GNP by Industry: Summary of Sources and Methods
An industry's contribution to the Nation's output of goods and services
as measured by GNP is called its gross product originating. An industry's gross product originating, or value added, may be defined in two
equivalent ways. It equals the sum of the industry's factor payments and
its nonfactor costs. It also equals the amount by which the total value of
its output exceeds the value of its consumption of purchased materials
and services.
BEA prepares annual estimates of gross product originating by industry in current and constant dollars. Preliminary estimates are usually
published in the April SURVEY OF CURRENT BUSINESS, showing estimates
for nine private industries (with manufacturing broken into durables and
nondurables), government and government enterprises, and the rest of
the world. Revised current- and constant-dollar estimates are usually
published in the July SURVEY, in tables 6.1 and 6.2, respectively, with
considerably more industry detail.
The current-dollar estimates are prepared as distributions by industry
of the components of charges against GNP, the income-side total in the
national income and product account (which differs from GNP by the
statistical discrepancy). The classification underlying the distributions of
private activities is based on the Standard Industrial Classification (SIC).
The presently published estimates of gross product originating by industry are based, beginning in 1947, on the 1972 SIC.
The industrial distribution for private activities is largely based on
data collected either from "establishments" or from "companies" (also
called enterprises or firms). Establishments, as defined for the SIC, are
economic units, generally at a single physical location, where business is
conducted or where services or industrial operations are performed. Companies consist of one or more establishments owned by the same legal
entity or group of affiliated entities. Establishments are classified into an
SIC industry on the basis of their principal product or service, and companies are classified into an SIC industry on the basis of the principal
SIC industry of all their establishments. Because large multiestablishment companies typically own establishments that are classified in different SIC industries, industrial distributions of the same item for establishments and companies can be significantly different.
The estimates of gross product originating by industry can be considered to be based on establishment data. For some components of charges
against GNP, the source data provide establishment-industry distributions. For a number of other components, the source data—Internal Revenue Service tabulations of business tax returns—provide company-industry distributions. For the noncorporate parts of those components,
BEA assumes that these distributions are equivalent to an establishment-industry distribution, because noncorporate businesses generally
operate only one establishment. For the corporate parts except net interest, BEA has developed procedures to convert company-industry distributions to establishment-industry distributions. For corporate net interest,
there is no adequate conceptual basis for the conversion, and conversion
is not attempted. For the few components for which the source data do
not provide either industry distribution, BEA has developed establishment-industry distributions from related sources. Table A shows the
major source data for the aggregate estimates of each component of
charges against GNP, whether the industrial distribution (if one is available) is of establishments or companies, and information about conversion to a distribution by establishment industry.
The constant-dollar estimates are prepared in one of three ways—
double deflation, extrapolation, or direct deflation—depending on the
availability of source data. In the double-deflation procedure, constantdollar gross product originating is derived as the difference between constant-dollar gross output less constant-dollar consumption of intermediate materials and services. In the extrapolation procedure, constantdollar gross product originating is derived by extrapolating the base-year
value by an indicator series. Among the indicator series commonly used
Table A.—Major Sources for Current-Dollar Gross Product Originating by Industry
Industrial distribution
Component of charges against GNP
Compensation of employees:
Wages and salaries
Employer contributions for social insuranceOther labor income
Proprietors' income with inventory valuation
adjustment:
Farm
Nonfarm:
Proprietors' income
Inventory valuation adjustment..,
Rental income of persons
Corporate profits with inventory valuation
adjustment:
Corporate profits before tax
Major source data
Distribution available in
source data
BLS tabulations of wages and salaries of employees Establishment.
covered by State unemployment insurance and
Office of Personnel Management data on wages
and salaries of Federal Government employees.
None..
Federal budget data
None..
Trade association data and IRS tabulations of
business tax returns.
Department of Agriculture farm statistics
Data or assumption used if establishment-industry
distribution is not available in source data
Social Security Administration and BLS tabulations.
Census Bureau and IRS tabulations.
Establishment.
IRS tabulations of business tax returns
Assumed to be equivalent to an establishment-industry
distribution.
Company
BLS prices and Census Bureau inventory data
Census Bureau American Housing Survey, BLS
Consumer Expenditures Survey, and IRS
tabulations of business and individual tax
returns.
Establishment.
Establishment.
IRS tabulations of business tax returns
Company
Inventory valuation adjustment
Net interest:
Corporate
Noncorporate
BLS prices and Census Bureau inventory data..
Establishment.
IRS tabulations of business tax returns....
IRS tabulations of business tax returns...,
CompanyCompany..,
Business transfer payments...
IRS tabulations of business tax returns..,
None
Indirect business tax and nontax liability..
Federal budget data and Census Bureau data on
State and local governments.
None..
,
Census Bureau and Department of Energy data relating
establishment- industry and company-industry data.
None.
Assumed to be equivalent to an establishment-industry
distribution.
Industry-specific payments are assigned to those
industries; other are based on IRS industry distribution.
Industry-specific payments are assigned to those
industries; property taxes are based on BEA capital
stock distribution.
Subsidies
Current surplus of government enterprises
Capital consumption allowances:
Corporate
Noncorporate
BLS Bureau of Labor Statistics
IRS Internal Revenue Service
J
Federal budget data and Census Bureau data on
State and local governments.
IRS tabulations of business tax returns..,
IRS tabulations of business tax returns-
Establishment.
Company..,
Company-
Same as corporate profits before tax.
Assumed to be equivalent to an establishment-industry
SURVEY OF CURRENT BUSINESS
April 1987
are constant-dollar gross output, the quantity of goods or services sold,
and the number of employees or hours worked. In the direct deflation
procedure, constant-dollar gross product originating is derived by deflating the current-dollar value. Double deflation is the preferred procedure
because both output and consumption are deflated using appropriate
price indexes. The extrapolation procedure will yield the same results as
27
double deflation when the rates of change in both constant-dollar gross
output and consumption are the same. The direct deflation procedure
will yield the correct constant-dollar measure when these rates of change
are the same and when the deflator adequately represents changes in
both output and purchases prices. Table B shows the procedures used for
each industry.
Table B.—Methods for Estimating Constant-Dollar Gross Product Originating by Industry
Industry
Major source data
Method
Agriculture, forestry, and fisheries:
Farms
Agricultural services, forestry, and fisheries
Double deflation
Extrapolation
Department of Agriculture receipts, expenses, and prices.
BEA persons engaged in production and Department of Commerce pounds of fish
caught.
Mining
Construction
Manufacturing, except petroleum and coal products
Extrapolation
Double deflation .
Double deflation
Extrapolation .
Federal Reserve Board index of production.
Census Bureau receipts, BEA expenses, and privately compiled and BLS prices.
Census Bureau shipments, BEA input-output composition of consumption, and BLS
prices.
Department of Energy production.
Transportation:
Railroad transportation . .
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
Communication:
Telephone and telegraph
Double deflation
Extrapolation
Direct deflation
Extrapolation
Extrapolation
Extrapolation
Extrapolation
Privately compiled ton miles and expenses.
Trade association passenger miles.
Trade association dollars per ton miles.
Census Bureau ton miles.
Department of Transportation passenger and freight ton miles.
Trade association ton miles.
BEA persons engaged in production.
Direct deflation
Radio and television broadcasting
Electric, gas, and sanitary services
Direct deflation
Double deflation
BLS prices weighted by Federal Communications Commission revenue and BLS
average earnings.
BLS average earnings.
Department of Energy receipts and expenses and trade association prices.
Wholesale trade
Retail trade
Finance, insurance, and real estate:
Banking
Credit agencies other than banks
Security and commodity brokers, and services
Insurance carriers
Insurance agents and brokers, and services
Real estate
Holding and other investment companies
Direct deflation
Extrapolation
BLS prices weighted by Census Bureau margins.
Census Bureau sales deflated by BEA.
Extrapolation
Extrapolation
Extrapolation
Extrapolation
Extrapolation
Extrapolation
Extrapolation
BEA persons engaged in production.
BEA persons engaged in production.
BEA persons engaged in production.
Trade association receipts and BLS prices.
Trade association commissions and BLS prices.
BEA housing product.
BEA persons engaged in production.
Services:
Hotels and other lodging places
Personal services
....
Business services
Auto repair, services, and garages
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
Social services and membership organizations
Miscellaneous professional services
Private households
Extrapolation
Extrapolation
Extrapolation
Direct deflation
Extrapolation
Direct deflation
Direct deflation
Extrapolation
Extrapolation
Extrapolation
Direct deflation
Direct deflation
Extrapolation
BEA constant-dollar PCE for hotels.
BEA constant-dollar PCE for personal services.
BEA persons engaged in production.
BLS prices.
BEA persons engaged in production.
BLS prices and wage rates.
BEA implicit price deflator for PCE recreation services.
BEA constant-dollar PCE for medical care.
BEA constant-dollar PCE for legal services.
BEA persons engaged in production.
BLS average earnings.
BLS average earnings.
BLS hours worked.
Petroleum and coal products
Government and government enterprises:
Government
Government enterprises:
Federal
State and local
Rest of the world
BEA
BLS
PCE
Bureau of Economic Analysis
Bureau of Labor Statistics
Personal consumption expenditures
.. . .
Extrapolation
BEA hours worked weighted by BEA measures of experience and education.
Extrapolation
Extrapolation
BEA hours worked and BLS output indexes.
BEA hours worked.
Direct deflation
BEA implicit price deflator for net domestic product.
By EUGENE P. SESKIN and DAVID F. SULLIVAN
Plant and Equipment Expenditures,
First and Second Quarters and Second Half of 1987
BUSINESS plans to spend $390.8
billion for new plant and equipment
(P&E) in 1987, 3.0 percent more than
in 1986, according to the BEA survey
conducted in January through March
(tables 1 and 2, and chart 6).1 Spending was $379.3 billion in 1986, 2.0 percent less than in 1985.
1. The survey covers expenditures for new facilities
and for repair, expansion, or replacement of existing
facilities that are chargeable to fixed asset accounts
and for which depreciation or amortization accounts
are ordinarily maintained. The survey excludes expenditures for land and mineral rights; maintenance
and repair that are not capitalized; used plant and
equipment, including that purchased or acquired
through mergers or acquisitions; assets located in foreign countries; residential structures; and a few other
items.
The estimates presented are universe totals of domestic P&E expenditures for all industries surveyed
quarterly, which account for nearly 90 percent of capital spending by U.S. nonfarm business. Sample data
are compiled from reports on a company basis, not
from separate reports for plants or establishments. A
company's capital expenditures are assigned to a
The latest estimate of planned is larger than that reported in the
spending for 1987 is $6.6 billion previous survey primarily because eshigher than that reported in Decem- timates of 1987 planned spending
ber 1986 for the survey conducted in were revised up; 1986 spending was
October and November. The previous slightly lower than had been planned.
Real spending—capital spending adsurvey showed planned spending of
$384.2 billion for 1987, 0.9 percent justed to remove price changes—is esmore than in 1986.2 The year-to-year timated to increase 1.8 percent in
increase indicated in the latest survey 1987. Real spending declined 3.1 percent in 1986, following an increase of
single industry in accordance with the industry classi8.7 percent in 1985 (tables 2 and 3).
fication of the company's principal product or service.
Estimates of real spending are calcuP&E expenditures differ from nonresidential fixed
investment, which is a component of GNP, in type of
lated from survey data on currentdetail, data sources, coverage, and timing. For further
dollar spending and from estimated
information, see pages 24-25 of the February 1985
SURVEY OF CURRENT BUSINESS.
2. The estimates of planned spending have been adjusted for systematic reporting biases. The bias adjustments are calculated by industry for each planning
horizon. For a given time period, the bias-adjustment
factor is the median of the ratios of planned to actual
expenditures for that time period in the preceding 8
years. Before adjustments, 1987 planned spending was
$390.82 billion for "all industries," $152.34 billion for
manufacturing, and $238.48 billion for nonmanufacturing industries surveyed quarterly.
Table 1.—New Plant and Equipment Expenditures by Business
mmmmmmmammfMim CHART e
New Plant and Equipment Expenditures
[Percent change from preceding year]
Actual
19 37
19 36
1985
Planned
Jan.-Mar.
1986
survey
All industries 1
Manufacturing
Durable goods
Primary metals 2 .
Blast furnaces steel works . . .
Nonferrous metals
Fabricated metals
Electrical machinery
Machinery, except electrical
Transportation equipment 2
Motor vehicles
Aircraft .
...
Stone clay and glass
Other durables
Nondurable goods
Food including beverage
Textiles
Paper
Chemicals
Petroleum
Rubber
Other nondurables . . . . .
Nonmanufacturing1 1
Mining
Transportation
. . .
Railroad.
Air... .
Other .
..
Public utilities
Electric
Gas and other
Commercial and other
1. Surveyed quarterly.
2. Includes industries not shown separately.
28
-2.0
Planned
Oct.-Nov.
survey
0.9
3.0
1986
1987
9.2
. . . .
Percent Change
-30 -20 -10
0
10 20
Planned
Jan.-Mar.
survey
Actual
In this article, estimates of P&E expenditures from the latest survey do not
include nonmanufacturing industries
surveyed only annually; estimates for
these industries will appear in the June
SURVEY article.
2.3
106
106
85
16.5
-11.8
3.9
5.9
37
203
306
33
101
197
105
171
76
192
7.3
4.6
24.3
171
.9
-2.9
_.l
-2.1
1.9
7.5
-10.7
-3.9
.5
1.8
2.8
-46
-.9
11
46
9
38
5.6
-8.1
3.1
9.3
-7.0
-5.7
-7.7
-18.9
2.5
12.3
-8.9
-14.8
-2.9
-4.5
10.2
-8.1
7.3
-8.2
22
61
20
1.9
-32.1
1.5
10.8
2.0
-.6
19.1
32.7
4.5
-1.5
5.0
-7.0
-8.3
-8.5
-9.1
.2
1.1
-3.2
15
41
78
-3.5
-14.2
-8.6
12.1
1.5
2.2
24.0
39.3
15.1
.2
13.2
-7.4
-9.5
-10.2
-11.2
7.1
6.3
.8
4.6
87
29
.6
-10.6
-7.5
17.1
8.4
58
9.1
43
345
4
28
25
216
12.0
4.3
-12.5
5.8
—2.2
28.5
-26
5
18
34
7.4
1.2
-29.2
4.1
—6.3
30.6
-47
49
60
15
6.1
2.7
-10.1
1.2
-7.7
34
90
45
81
51
5.9
4.0
-10.2
1.7
-7.3
3.6
9.9
.5
40
89
6.5
ALL INDUSTRIES
j
Other
;
Transportation
Gas and Other
Utilities
Commercial and
Other
Air Transportation
Durable Goods
Manufacturing
Nondurable Goods
Manufacturing
Electric Utilities
Railroad
Transportation
Mining
U.S. Department of Commerce, Bureau of Economic Analysis
30 40
April 1987
SURVEY OF CURRENT BUSINESS
29
Table 2.—New Plant and Equipment Expenditures by Business in Current and Constant Dollars
Billions of dollars; quarters seasonally adjusted at annual rates
1985
All industries 2 ....
Communication
Addenda: 7
Total nonfarm business 8
Manufacturing
Nonmanufacturing
Surveyed quarterly 9
Surveyed annually
142.73
69.08
7.15
3.35
1.92
4.01
14.09
13.62
18.90
13.97
3.81
3.13
8.18
73.65
10.56
1.67
8.76
16.75
18.13
3.92
13.86
233.65
15.88
18.02
7.08
4.79
6.15
48.81
36.11
12.70
150.94
50.76
39.44
28.69
32.04
Nonmanufacturing 2
Mining
Transportation
Railroad
Air
Other
Public utilities
Electric
Gas and other
Commercial and other
Wholesale and retail trade
Finance and insurance
379.27
153.48
73.27
7.75
4.12
1.88
3.57
15.47
15.98
19.46
14.63
3.45
3.40
7.62
80.21
10.33
1.77
8.59
16.44
26.71
3.86
12.50
... .
1987
387.13
.
Manufacturing
Durable goods
Primary metals 3
Blast furnaces steel works
Nonferrous metals
Fabricated metals
Electrical machinery
Machinery, except electrical
Transportation equipment 3
Motor vehicles
Aircraft
Stone, clay, and4 glass.
Other durables
Nondurable goods
Food including beverage
Textiles
Paper
Chemicals
Petroleum
Rubber
Other nondurables 5
1986
236.54
11.25
18.75
6.63
6.26
5.86
46.44
33.93
12.51
160.10
55.36
43.63
28.18
32.93
431.94
153.48
278.46
233.65
44.81
1987
1986
1985
1
IV
I1
II 1
2d half 1
III
IV
I
II
III
390.80
389.23
397.88
377.94
375.92
374.55
388.69
384.02
396.22
391.48
144.88
70.60
8.87
4.66
2.21
4.02
15.94
12.61
17.11
12.55
3.38
3.35
8.70
74.27
11.05
1.81
8.51
16.84
16.21
3.62
16.23
154.47
72.99
7.73
4.12
1.83
3.68
15.11
15.65
19.33
14.40
3.54
3.57
7.91
81.48
10.45
1.72
8.73
16.40
27.05
3.96
13.17
158.26
75.47
8.09
4.46
1.84
3.74
14.28
15.98
22.08
17.50
3.29
3.40
7.90
82.79
10.90
1.53
9.56
16.23
26.61
4.45
13.52
144.03
68.01
7.81
3.88
1.86
4.13
12.81
14.31
18.25
13.28
3.82
3.05
7.67
76.02
9.68
1.50
8.67
15.88
22.98
4.43
12.88
141.68
68.33
6.96
2.91
2.02
4.04
14.83
13.05
18.55
13.57
3.90
2.78
8.12
73.35
10.45
1.78
9.02
16.72
17.43
4.05
13.90
139.21
69.31
6.55
3.15
1.73
3.88
13.85
13.42
20.42
15.95
3.40
3.06
8.12
69.89
10.76
1.51
8.68
16.43
14.75
3.84
13.92
146.01
70.68
7.30
3.44
2.08
3.98
14.86
13.71
18.39
13.05
4.09
3.62
8.82
75.33
11.34
1.87
8.69
17.96
17.36
3.36
14.73
142.96
69.06
8.68
4.69
2.17
3.89
14.89
12.91
16.19
11.71
3.37
3.41
9.09
73.89
11.30
1.78
8.49
16.84
16.32
3.45
15.71
147.39
73.02
9.03
4.58
2.54
3.93
15.53
12.98
18.78
13.86
3.72
3.67
9.11
74.37
11.37
1.87
8.44
16.74
15.80
3.63
16.53
144.58
70.16
8.89
4.69
2.07
4.12
16.67
12.28
16.74
12.31
3.21
3.16
8.31
74.41
10.76
1.80
8.55
16.90
16.36
3.71
16.35
245.93
10.10
19.07
6.15
6.48
6.44
46.20
32.58
13.62
170.55
234.76
15.89
18.81
7.79
5.17
5.85
48.44
35.58
12.86
151.62
50.79
40.42
27.59
32.82
239.61
15.25
19.15
6.74
6.07
6.34
49.79
36.38
13.41
155.42
51.53
42.92
29.73
31.24
233.90
12.99
18.22
6.22
6.58
5.42
47.03
34.21
12.82
155.67
52.55
41.91
27.93
33.28
234.24
11.23
18.28
6.77
5.78
5.74
46.55
33.81
12.74
158.18
54.98
40.55
27.70
34.95
235.34
10.15
19.03
7.31
5.69
6.03
45.90
33.91
11.99
160.25
56.04
45.40
28.14
30.67
242.68
10.63
19.48
6.25
6.99
6.24
46.27
33.78
12.49
166.31
57.85
46.65
28.96
32.84
241.06
10.22
19.03
5.92
6.93
6.18
45.46
32.33
13.13
166.36
248.83
10.54
19.11
6.46
6.05
6.59
46.38
32.82
13.55
172.80
246.91
9.83
19.07
6.10
6.48
6.49
46.49
32.59
13.90
171.52
142.73
144.88
154.47
158.26
144.03
141.68
139.21
146.01
142.96
147.39
144.58
236.54
245.93
234.76
239.61
233.90
234.24
235.34
242.68
241.06
248.83
246.91
Billions of 1982 dollars; quarters seasonally adjusted at annual rates 10
All industries 2
386.32
:
Manufacturing
Durable goods
Primary metals 3
Blast furnaces steel works
Nonferrous metals
Fabricated metals
Electrical machinery
Machinery except electrical
Transportation equipment 3
Motor vehicles
Aircraft
Stone, clay and glass
Other durables 4
Nondurable goods
Food including beverage
Textiles
Paper
Chemicals
Petroleum
Rubber
Other nondurables 5
,
Nonmanufacturing 2
Mining
Transportation
Public utilities
Commercial and other
Wholesale and retail trade
Finance and insurance
Personal and business services 6
Communication
Addenda: 7
Total nonfarm business 8
Manufacturing
Nonmanufacturing
Surveyed quarterly9
Surveyed annually
.
... .
....
....
..
.. ...
.....
374.30
381.01
388.58
397.57
374.18
372.73
368.54
381.76
375.62
386.32
381.05
158.07
72.73
7.51
4.00
1.80
3.49
15.15
16.08
19.66
14.46
3.74
3.32
7.52
85.34
9.97
1.69
8.30
16.45
32.89
3.75
12.29
144.99
68.71
6.92
3.25
1.84
3.91
13.86
13.83
19.15
13.83
4.15
3.01
8.02
76.28
10.09
1.57
8.44
16.68
22.09
3.79
13.62
145.17
69.59
159.25
72.50
7.49
4.00
1.76
3.59
14.81
15.76
19.56
14.22
3.85
3.48
7.81
86.75
10.08
1.64
8.44
16.42
33.38
3.84
12.96
162.95
75.22
7.85
4.34
1.77
3.65
14.08
16.21
22.29
17.33
3.59
3.31
7.82
87.74
10.52
1.46
9.26
16.27
32.54
4.33
13.37
147.21
67.37
7.53
3.75
1.78
4.01
12.54
14.40
18.41
13.08
4.14
2.95
7.52
79.84
9.26
1.42
8.33
15.80
28.17
4.27
12.59
144.75
68.49
6.78
2.84
1.94
3.97
14.71
13.36
18.94
13.53
4.29
2.70
8.03
76.27
10.05
1.69
8.74
16.77
21.32
3.95
13.76
140.59
68.98
6.35
3.06
1.65
3.79
13.64
13.67
20.64
15.83
3.71
2.95
7.95
71.61
10.27
1.42
8.36
16.36
17.79
3.72
13.69
147.42
70.02
7.04
3.33
1.98
3.86
14.56
13.90
18.62
12.89
4.46
3.46
8.58
77.39
10.77
1.75
8.32
17.81
21.09
3.24
14.41
143.76
68.22
147.72
72.04
144.60
69.05
75.54
75.67
75.56
228.25
18.93
16.88
46.19
146.26
48.10
41.59
27.66
28.91
229.31
12.85
17.37
43.66
155.43
51.80
47.29
27.03
29.32
235.84
11.25
17.32
43.08
164.20
229.32
18.98
17.60
45.79
146.96
48.10
42.69
26.59
29.58
234.62
17.99
17.88
46.96
151.79
48.72
46.28
28.69
28.09
226.97
15.19
16.98
44.24
150.55
49.30
44.61
26.81
29.83
227.98
12.81
17.05
43.95
154.16
51.85
44.29
26.76
31.26
227.96
11.38
17.58
43.09
155.90
52.32
49.42
26.97
27.20
234.34
12.02
17.88
43.34
161.11
53.73
50.83
27.58
28.97
231.87
11.44
17.39
42.50
160.53
238.60
11.75
17.39
43.28
166.18
236.45
10.90
17.24
43.27
165.04
144.99
145.17
159.25
162.95
147.21
144.75
140.59
147.42
143.76
147.72
144.60
229.31
235.84
229.32
234.62
226.97
227.98
227.96
234.34
231.87
238.60
236.45
431 16
158.07
273.09
228.25
4484
75.58
1. Estimates are based on planned capital expenditures reported by business in January
through March 1987. The planned expenditures are adjusted for systematic biases in reporting.
The adjustment procedures are described in the February 1985 SURVEY OF CURRENT BUSINESS.
Before bias adjustment, current-dollar plans for 1987 were $390.82 billion for "all industries,"
$152.34 billion for manufacturing, and $238.48 billion for nonmanufacturing industries surveryed
quarterly.
2. Surveyed quarterly.
3. Includes industries not shown separately.
4. Consists of lumber, furniture, instruments, and miscellaneous.
5. Consists of tobacco, apparel, printing-publishing, and leather.
6. Includes construction.
7. The latest estimates for the industries surveyed annually were published in the June 1986
SURVEY. The current-dollar plans for 1986 were $445.31 billion for total nonfarm business, $293.47
•
billion for total nonmanufacturing, and $50.18 billion for nonmanufacturing industries surveyed
annually. The constant-dollar plans for 1986 were $432.62 billion for total nonfarm business,
$280.95 billion for total nonmanufacturing, and $49.60 billion for nonmanufacturing industries
surveyed annually. New estimates for the nonmanufacturing industries surveyed only annually
will be released in June.
8. "All industries" plus the part of nonmanufacturing that is surveyed annually.
9. Consists of real estate; professional services; membership organizations and social services;
and forestry, fisheries, and agricultural services.
10. Procedures for preparing constant-dollar estimates are described in the February 1985
SURVEY. To estimate real spending plans, BEA adjusts the survey results for assumed price
changes. Estimates for the third quarter of 1986 have been revised.
30
SURVEY OF CURRENT BUSINESS
April 1987
Table 3.—New Plant and Equipment Expenditures by Business in Constant (1982) Dollars
Table 4.—Prices of Capital Goods Purchased
[Percent change from preceding year]
[Percent change from preceding year]
9£ 6
1985
Actual
All industries
1
Planned
Jan.-Mar.
1986
survey
19 87
Actual
Planned
Oct.-Nov.
1986
survey
Reported in
January-March
1986 survey
Planned
Jan.-Mar.
1987
survey
87
09
31
02
101
105
97
19
36
5
83
55
106
26
5
44
1
13
9
Nonmanufacturing l
Mining
Transportation
Public utilities
Commercial and other
7.8
63
76
20
119
2.9
137
11
15
67
.5
32 1
29
55
63
2.1
129
5
53
57
2.8
124
3
13
56
Actual Expected Actual Expected
1987
1986
1985
1986
18
Manufacturing
Durable goods. .
Nondurable goods
Reported in
January-March
1987 survey
All industries
4.1
4.2
3.6
3.7
Manufacturing
Durable goods
Nondurable goods
Nonmanufacturing
Mining
Transportation
Public utilities
Commercial and other....
3.8
3.8
3.9
4.3
1.2
4.5
4.8
4.4
4.1
4.0
4.2
4.3
1.2
4.4
4.8
4.5
3.3
3.2
3.4
3.8
.3
2.6
3.6
4.2
3.6
3.4
3.7
3.8
1.8
2.6
3.2
4.3
1. Surveyed quarterly.
capital goods price deflators developed
by BE A.3 The capital goods deflator
for "all industries" is projected by
BEA to increase 1.2 percent in 1987,
following a 1.1-percent increase in
1986; the deflator increased 0.5 percent in 1985.
Survey respondents, on the other
hand, expect an increase of 3.7 percent in prices of capital goods purchased in 1987; they had expected a
4.2-percent increase for 1986 in the
year-earlier survey (table 4). Respondents have consistently expected larger
capital goods price changes than were
indicated by the BEA capital goods
price deflator for "all industries." In
12 of the 16 years for which data are
available, respondents' expectations of
capital goods price increases have exceeded changes in the capital goods
price deflator by an average of more
than 2x/2 percentage points.
Current-dollar spending in the
fourth quarter of 1986 increased 3.8
percent, to an annual rate of $388.7
billion, following a 0.4-percent decline
in the third; fourth-quarter spending
was 1.4 percent lower than anticipated in the previous survey. Plans reported in the latest survey indicate a
1.2-percent decline in the first quarter
of 1987, a 3.2-percent increase in the
second, and a 0.3-percent increase
from the first to the second half of
1987.
Real spending increased 3.6 percent
in the fourth quarter of 1986, following a 1.1-percent decline in the third.
Estimates indicate a 1.6-percent de3. Specifically, the current-dollar figures reported by
survey respondents are adjusted using implicit price
deflators derived from unpublished detailed national
income and product account estimates of current- and
constant-dollar nonresidential fixed investment (adjusted to a P&E basis). To estimate planned real
spending, the implicit price deflator for each industry
is projected using the deflator's growth rate over the
latest four quarters for which it is available.
cline in the first quarter of 1987, a
2.8-percent increase in the second,
and little change from the first to the
second half of 1987.
The 3.6-percent real spending increase in the fourth quarter of 1986
follows declines in the first three
quarters. From the fourth quarter of
1985 to the third quarter of 1986, real
spending declined 7.3 percent—the
first decline since the 15.2-percent,
six-quarter decline associated with
the 1981-82 business cycle contraction
(chart 7). If plans for 1987 are realized, second-half real spending will be
4.2 percent lower than the record
high in the fourth quarter of 1985.
The increase in capital spending in
the fourth quarter of 1986 and the
upward revisions in 1987 spending
plans occurred when indicators of
future investment activity were generally improving. Corporate profits,
both before and after tax, increased in
the last three quarters of 1986 after
declining in the first. A related measure of corporate ability to finance
capital expenditures, corporate net
cash flow, increased in the third and
fourth quarters of 1986, after declining in the first and second. Interest
rates, as measured by Moody's corporate bond yield, registered their tenth
consecutive quarterly decline in the
fourth quarter. Real final sales of
GNP, a measure of overall demand,
continued to increase in the fourth
quarter; the manufacturing capacity
utilization rate increased slightly in
the fourth quarter, but remained
below its level of a year earlier. Other
indicators were mixed in the fourth
quarter. Both new orders of durable
goods and new orders of nondefense
CHART 7
Real Plant and Equipment Expenditures, All Industries:
Cyclical Peaks and Troughs
Billion 1982$
400
375 *-
350 r-
325
300 r*
,;: [-:^;/^;^f:•%>->?t< -Y 'xt.- i':^; i.::;t;v:^.fe
275
1979
1980
1981
1982
1983
1984
1985
1986
Seasonally Adjusted at Annual Rates.
•Planned
Note—Peaks (P) and troughs (T) are turning points in the business cycle as designated by the National Bureau of Economic Research, Inc.
U.S. Department of Commerce, Bureau of Economic Analysis.
1987
April 1987
capital goods registered their second
consecutive quarterly increases, while
net new capital appropriations registered their fourth consecutive quarterly decline.
SURVEY OF CURRENT BUSINESS
31
Table 5.—Petroleum Industry Expenditures for
New Plant and Equipment, by Function
Billions of dollars
Planned
Actual
1987l
Percent
change from
preceding
year
1985
Manufacturing Programs
In manufacturing, current-dollar
spending increased 4.9 percent in the
fourth quarter of 1986, to an annual
rate of $146.0 billion, following a 1.7percent decline in the third. Durable
goods increased 2.0 percent in the
fourth quarter, and nondurables increased 7.8 percent. Manufacturers
plan a 2.1-percent decline for the first
quarter of 1987, a 3.1-percent increase
for the second, and a 0.4-percent decline from the first to the second half
of 1987.
For the year 1987, manufacturers
plan to spend $144.9 billion, 1.5 percent more than in 1986; in the previous survey, a planned decline of 2.0
percent was reported. Manufacturers'
spending declined 7.0 percent in 1986,
following a 10.6-percent increase in
1985.
Durable goods industries plan a 2.2percent increase in 1987. Planned increases in blast furnaces-steel works,
nonferrous metals, electrical machinery, stone-clay-glass, "other durables/5
and fabricated metals more than
offset planned declines in aircraft,
motor vehicles, and machinery
(except electrical).
The
largest
planned increase, 39.3 percent, is in
blast furnaces-steel works; it follows
an 18.9-percent decline in 1986 and
may be related to a provision in the
Tax Reform Act of 1986 that allows
steelmakers to carry forward unused
investment tax credits. The largest
planned decline, 11.2 percent, is in
aircraft; it follows a 10.2-percent increase in 1986 and may be related to
the 1986 decline in profits and a new
military procurement policy that
places more responsibility for research and design costs on defense
contractors, thereby reducing funds
available for capital expenditures.
Nondurable goods industries plan a
0.8-percent increase in 1987. Planned
increases in "other nondurables/' textiles, food-beverage, and chemicals
more than offset planned declines in
petroleum, rubber, and paper. The
largest planned increase, 17.1 percent,
is in "other nondurables"; it follows a
10.8-percent increase in 1986. Within
"other nondurables," the largest
1986
Total
26.71
18.13
16.21 -32.1 -10.6
Production
Transportation
Refining and
petrochemicals
Marketing
Other
16.10
.75
9.14
.69
7.54 -43.3 -17.5
.47 -7.9 -32.4
3.39
1.50
4.97
2.38
1.78
4.15
4.9
2.49 -30.0
2.09 18.8 17.5
3.63 -16.4 -12.6
1986
1987
"other" functions significantly outweigh planned increases in both the
marketing and the refining and petrochemicals functions (table 5).
Real spending by manufacturers is
estimated to change little in 1987; a
1.3-percent increase in durables offsets a 0.9-percent decline in nondurables. In 1986, real spending declined
8.3 percent—5.5 percent in durables
and 10.6 percent in nondurables.
1. The reported plans are adjusted for biases when necessary; adjustments are applied separately to expenditures for
each function. Before adjustments, plans for 1987 were $17.43
billion.
planned increase is in printing-publishing, which is continuing to apply
new computer technologies to many
phases of its operations. The largest
planned decline, 10.6 percent, is in petroleum; it follows a 32.1-percent decline in 1986. Within petroleum manufacturing, planned 1987 declines in
the transportation, production, and
Nonmanufacturing Programs
In nonmanufacturing,
currentdollar spending increased 3.1 percent
in the fourth quarter of 1986, to an
annual rate of $242.7 billion, following a 0.5-percent increase in the third.
Nonmanufacturing industries plan a
0.7-percent decline for the first quarter of 1987, a 3.2-percent increase for
the second, and a 0.8-percent increase
from the first to the second half of
1987.
Table 6.—Expenditures for New Plant and for New Equipment by Business in Current and
Constant Dollars
Billions of
dollars
Percent change
from preceding
year
1985
1986
9.2
4.4
11.7
2.0
-5.1
-.5
386.32
124.67
261.66
374.30
112.44
261.86
8.7
1.5
12.5
142.73
34.51
108.22
69.08
11.90
57.18
73.65
22.61
51.04
10.6
3.9
13.0
10.6
5.7
11.6
10.5
3.1
14.6
-7.0
-11.7
-5.4
-5.7
32
-6.2
-8.2
-15.6
-4.5
158.07
42.16
115.91
72.73
11.23
61.50
85.34
30.93
54.41
144.99
34.99
110.00
68.71
10.53
58.19
76.28
24.46
51.82
10.1
1.2
13.8
10.5
2.0
12.2
9.7
.8
15.5
-8.3
-17.0
-5.1
-5.5
-6.3
-5.4
-10.6
-20.9
-4.8
236.54
84.98
151.57
11.25
5.26
5.98
18.75
6.93
11.82
46.44
26.43
20.01
160.10
46.35
113.75
8.4
4.6
10.7
-5.8
89
-2.0
9.1
7.5
10.2
2.8
.0
7.3
12.0
11.0
12.4
1.2
-2.2
3.3
-29.2
383
-18.5
4.1
-3.6
9.1
49
-9.1
1.4
6.1
10.2
4.5
228.25
82.51
145.75
18.93
11.65
7.28
16.88
6.49
10.38
46.19
27.02
19.17
146.26
37.34
108.91
229.31
77.45
151.86
12.85
7.06
5.79
17.37
6.12
11.25
43.66
24.26
19.40
155.43
40.02
115.41
7.8
1.7
11.5
-6.3
7.9
-3.5
7.6
3.1
10.6
2.0
-1.5
7.3
11.9
7.5
13.5
.5
-6.1
4.2
-32.1
-39.4
-20.5
.2.9
-5.8
8.4
-5.5
-10.2
1.2
6.3
7.2
6.0
1986
387.13
125.93
261.19
379.27
119.48
259.79
Manufacturing
Plant
Equipment
Durable goods
Plant .. .
Equipment
Nondurable goods
Plant
Equipment
153.48
39.08
114.40
73.27
12.30
60.97
80.21
26.77
53.43
Nonmanufacturing *
Plant
Equipment
Mining
Plant .
Equipment
Transportation.....
Plant
Equipment
Public utilities
Plant . . .
Equipment
Commercial and other
Plant
Equipment
233.65
86.86
146.79
15.88
8.54
7.34
18.02
7.19
10.83
48.81
29.08
19.73
150.94
42.05
108.89
Addenda: 2
Total nonfarm business 3
Plant
Equipment
Manufacturing
Plant
Equipment
Nonmanufacturing
Plant
Equipment
Surveyed quarterly
Plant
Equipment
Surveyed annually *
Plant
Equipment
431.94
15435
27759
153.48
39.08
114.40
27846
115.27
163.19
233.65
86.86
146.79
44.81
28.41
16.40
.
Billions of 1982
dollars
1986
1985
All industries 1
Plant
Equipment
Percent change
from preceding
year
142.73
34.51
108.22
236.54
84.98
151.57
1985
8.3
3.2
11.3
10.6
3.9
13.0
7.0
2.9
10.2
8.4
4.6
10.7
.6
-2.0
5.3
-7.0
-11.7
-5.4
1.2
22
3.3
431.16
15174
279.42
158.07
42.16
115.91
273.09
109.58
163.51
228.25
82.51
145.75
44.84
27.08
1776
144.99
34.99
110.00
229.31
77.45
151.86
1985
7.9
7
12.3
10.1
1.2
13.8
6.7
.5
11.2
7.8
1.7
11.5
1.4
-3.0
90
1986
-3.1
-9.8
.1
83
170
-5.1
.5
-6.1
4.2
1. Surveyed quarterly.
2. The 1986 estimates for the nonmanufacturing industries surveyed only annually will be released in June.
3. "All industries" plus the part of nonmanufacturing that is surveyed annually.
4. Consists of real estate; professional services; membership organizations and social services; and forestry, fisheries, and
agricultural services.
32
SURVEY OF CURRENT BUSINESS
For the year 1987, nonmanufacturing industries plan to spend $245.9
billion, 4.0 percent more than in 1986;
in the previous survey, a planned increase of 2.7 percent was reported.
Nonmanufacturing industries' spending increased 1.2 percent in 1986, following an 8.4-percent increase in
1985.
For 1987, planned increases in
"other transportation," "gas and
other utilities," "commercial and
other," and air transportation more
than offset planned declines in
mining, railroads, and electric utilities. The large planned increase of 9.9
percent in "other transportation" follows a 4.7-percent decline in 1986.
Within "other transportation," the
largest planned increase is in trucking, where deregulation has led to
heightened competition and efforts by
many firms to expand their services.
The large planned increase of 8.9 percent in "gas and other utilities" follows a 1.5-percent decline in 1986.
Within "gas and other utilities," the
largest planned increase is in "other
utilities," which includes water utilities and environmental control firms;
many of these firms may be expanding and modernizing in response to
recent legislation regarding hazardous waste disposal and drinking water
protection. The largest planned decline, 10.2 percent, is in mining; it follows a 29.2-percent decline in 1986.
Within mining, the largest planned
decline is in oil and gas extraction
and may reflect current relatively low
oil prices and uncertainty about
future oil prices.
Real spending by nonmanufacturing industries is estimated to increase
2.8 percent in 1987; it increased 0.5
percent in 1986. An estimated increase in "commercial and other"
more than offsets estimated declines
in mining, public utilities, and transportation.
April 1987
Other Highlights
In the January-March survey, respondents were also asked to provide
information on the breakdown between plant and equipment expenditures, sales expectations, and the
prices of products and services sold.
Table 7.—Business Sales
[Percent change from preceding year]
1985
198 3
1987
Actual1 Expected2 Actual1 Expected3
Manufacturing
Durable goods 4
Primary metals
Fabricated
metals
Electrical
machinery
Machinery,
except
electrical
Transportation
equipment
Stone, clay, and
glass
Nondurable goods4...
Food including
beverage
Textiles
Paper
Chemicals
Petroleum
Rubber
1.1
2.4
-7.4
6.8
7.6
6.7
-0.3
1.2
-7.8
2.7
8.2
-2.6
2.7
7.7
6.7
12.1
90
7.0
6.6
8.2
6.0
22
91
43
7.2
6.6
4.2
1.8
31
-.3
73
5.9
31
-1.9
39
7.3
.5
-4.0
-1.5
-.5
-5.2
2.6
6.9
6.2
6.5
6.5
.1
9.2
4.3
2.5
11.2
.5
-27.8
1.2
7.4
59
101
7.0
5.5
5.6
Trade
Wholesale
Retail
3.6
1.2
6.2
6.6
6.5
6.6
2.8
.4
5.2
6.7
6.0
7.4
Public utilities
-.8
2.6
-9.6
Highlights include:
• Current-dollar spending for new
plant declined 5.1 percent in 1986,
while spending for new equipment declined 0.5 percent. Real spending for
plant declined 9.8 percent, while real
spending for equipment showed little
change (table 6).
• Manufacturers expect a 7.0-percent increase in sales for 1987, following a 0.3-percent decline in 1986; they
had expected a 6.8-percent increase
for 1986. In nonmanufacturing, trade
firms expect a 6.7-percent increase for
1987, following a 2.8-percent increase;
they had expected a 6.6-percent increase for 1986. Public utility firms
expect a 0.4-percent increase for 1987,
following a 9.6-percent decline; they
had expected a 2.6-percent increase
for 1986 (table 7).
• Manufacturers expect a 3.2-percent increase in the prices of the
products and services they sell for
1987; they reported a 1.4-percent increase for 1986. They had expected a
3.2-percent increase for 1986. Public
utility firms expect a 0.7-percent decline for 1987; they reported a 3.4-percent decline for 1986. They had expected a 2.1-percent increase for 1986
(table 8).
Table 8.—Prices of Products and Services Sold
by Manufacturing and Utility Companies
[Percent change from preceding year]
Reported in
January-March
1986 survey
.4
1. Manufacturing data are from the Bureau of the Census,
Current Industrial Reports, Series M-3. Trade data are from
the Bureau of the Census, Current Business Reports, Monthly
Wholesale Trade and Monthly Retail Trade. Public utility
figures are estimated by BEA from data collected annually in
the P&E survey.
2. Expectations for 1986 are based on the survey conducted
in January through March 1986.
3. Expectations for 1987 are based on the survey conducted
in January through March 1987.
4. Includes industries not shown separately.
Reported in
January-March
1987 survey
Actual Expected Actual Expected
1986
1987
1986
1985
Manufacturing
Durable goods
Nondurable goods
2.7
3.0
2.3
3.2
3.5
3.0
1.4
2.4
.3
3.2
2.5
3.9
Public utilities
3.2
2.1
3.4
-.7
SURVEY OF CURRENT BUSINESS
April 1987
33
State Quarterly Personal Income, 1984:I-1986:IV
Table 1.—Total Personal Income for States and Regions
[Millions of dollars, seasonally adjusted at annual rates]
1984
I
United States 1
II
HI
IV
II
I
III
IV
3,529,745
0.9
4.4
219,721
62,166
15,326
103,983
16,729
14,492
7,025
0.9
1.0
1.5
0.7
1.5
0.6
0.5
6.1
5.4
8.0
6.1
7.8
5.3
5.2
680,607
9,137
11,575
71,426
134,354
292,482
161,634
691,755
9,288
11,717
72,595
136,352
298,050
163,753
700,453
9,427
11,821
73,560
138,228
302,160
165,257
710,283
9,566
11,955
74,592
140,641
306,862
166,668
716,434
9,711
12,030
75,405
142,038
309,833
167,417
0.9
1.5
0.6
1.1
1.0
1.0
0.4
5.3
6.3
3.9
5.6
5.7
5.9
3.6
567,772
170,458
68,363
124,182
141,940
62,829
576,790
173,178
69,474
125,791
144,597
63,750
582,518
174,013
70,103
127,183
145,964
65,254
593,727
179,622
71,668
128,842
147,251
66,344
592,872
178,757
71,137
128,677
148,195
66,106
597,952
180,153
72,048
129,737
149,672
66,341
0.9
0.8
1.3
0.8
1.0
0.4
3.7
4.0
3.7
3.1
3.5
4.1
234,939
37,535
33,620
59,341
66,311
22,085
8,006
8,041
231,896
35,711
33,680
59,026
66,905
20,765
8,033
7,776
236,206
36,142
34,478
59,767
67,832
21,393
8,627
7,967
237,305
36,796
34,485
60,704
68,368
21,248
7,667
8,036
249,749
39,841
35,761
63,158
69,328
23,824
8,883
8,953
241,008
37,275
35,195
61,958
69,443
21,244
7,776
8,117
244,360
36,860
36,065
62,594
69,613
21,731
9,046
8,451
1.4
11
2.5
1.0
0.2
2.3
16.3
4.1
3.5
2.0
4.6
4.7
2.6
1.6
4.9
6.1
664,888
42,258
24,945
152,011
72,892;
39,714
50,528
24,019
70,772
34,700
52,404
81,075
19,572
674,153
42,676
24,481
155,388
74,032
40,366
50,530
23,814
72,189
35,129
53,303
82,412
19,835
680,721
42,970
24,463
157,453
75,625
40,318
50,677
23,616
73,058
35,649
53,626
83,436
19,830
692,118
43,748
24,940
159,885
77,290
40,913
50,318
24,568
74,662
36,261
54,827
84,998
19,707
705,891
44,752
25,575
163,627
79,391
41,048
50,780
24,891
75,961
36,811
55,665
87,156
20,237
712,887
44,779
25,655
166,117
80,134
41,408
50,451
25,056
77,181
37,303
56,341
88,321
20,141
720,175
45,229
25,436
168,069
81,307
41,716
50,496
25,086
78,105
37,687
57,196
89,669
20,179
725,650
45,409
25,560
169,065
82,047
41,814
50,410
25,261
78,931
38,076
58,085
90,743
20,250
0.8
0.4
0.5
0.6
0.9
0.2
02
0.7
1.1
1.0
1.6
1.2
0.4
4.8
3.8
2.5
5.7
6.2
2.2
0.2
2.8
5.7
5.0
5.9
6.8
2.8
304,417
38,209
15,230
39,917
211,060
312,550
39,695
15,577
40,134
217,144
316,168
40,305
15,775
40,274
219,814
319,298
41,078
15,856
40,330
222,034
322,781
42,023
16,106
40,785
223,868
326,817
43,101
16,249
40,960
226,507
327,742
43,791
16,333
41,241
226,376
325,380
44,134
16,296
40,313
224,637
326,908
44,483
16,421
40,991
225,013
0.5
0.8
0.8
1.7
0.2
1.3
5.9
2.0
0.5
0.5
87,958
45,602
10,550
8,882
16,464
6,459
89,758
46,280
10,912
9,394
16,671
6,501
90,616
47,021
11,043
9,039
16,974
6,539
91,846
47,782
11,108
8,981
17,216
6,759
92,133
47,985
11,092
8,963
17,321
6,772
93,773
48,649
11,449
9,285
17,523
6,866
94,281
48,930
11,195
9,409
17,822
6,925
95,687
49,591
11,392
9,947
17,880
6,876
94,767
49,386
11,470
9,476
17,897
6,538
96,016
49,593
11,780
10,165
17,969
6,509
1.3
0.4
2.7
7.3
0.4
-0.4
487,760
386,160
12,462
31,842
57,297
498,405
394,888
12,725
32,413
58,380
506,633
401,628
12,981
32,909
59,114
520,835
414,185
13,253
33,328
60,068
528,389
420,345
13,452
33,769
60,822
534,065
425,145
13,637
33,993
61,290
545,635
434,585
13,896
34,594
62,560
556,100
443,373
14,120
35,008
63,599
565,783
451,446
14,395
35,501
64,442
571,208
455,867
14,677
35,788
64,876
577,167
460,074
14,891
36,323
65,879
1.0
0.9
1.5
1.5
1.5
5.8
5.9
7.2
5.0
5.3
9,033
13,649
9,104
13,800
9,104
13,903
9,257
14,232
9,411
14,412
9,630
14,627
9,608
14,962
9,387
15,267
9,423
15,486
9,429
15,767
9,631
15,906
2.1
0.9
0.2
6.3
211,299
598,155
582,518
237,305
556,781
166,356
343,822
167,751
566,635
214,814
605,645
593,727
249,749
564,005
167,584
343,724
170,206
576,297
217,819
614,171
592,872
241,008
571,129
169,227
340,882
169,874
581,727
219,721
619,288
597,952
244,360
576,259
170,568
341,973
171,810
587,813
0.9
0.8
0.3
1.1
1.0
7.0
0.4
1.8
3.5
5.7
4.0
0.6
3.6
5.7
10.6
1.5
4.9
8.0
196,717
56,047
13,641
93,015
14,459
13,249
6,307
199,824
56,943
13,714
94,626
14,719
13,401
6,421
202,207
57,633
13,790
95,796
15,023
13,444
6,522
207,171
59,007
14,193
98,006
15,524
13,763
6,678
Mideast.
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
602,440
8,075
10,325
62,258
116,362
257,926
147,494
615,653
8,248
10,456
63,742
119,649
263,441
150,115
628,183
8,393
10,744
65,294
121,944
269,420
152,388
639,325
8,549
10,844
66,551
125,023
274,273
154,084
650,709
8,674
11,195
68,144
126,742
279,174
156,779
660,265
8,811
11,286
69,197
129,308
282,809
158,854
667,511
8,885
11,411
69,954
130,212
287,212
159,837
527,783
157,854
64,358
114,850
131,612
59,109
533,445
159,484
64,611
116,550
133,291
59,509
542,256
162,429
65,514
118,504
135,488
60,322
550,268
164,704
66,450
120,741
137,363
61,010
558,149
166,799
67,461
121,891
140,134
61,863
565,448
169,561
68,473
122,828
141,769
62,818
Plains
Iowa
Kansas
MinnesotaMissouri
Nebraska
North Dakota
South Dakota
219,391
36,281
31,450
54,826
61,017
20,285
7,852
7,680
216,210
34,306
31,243
54,743
61,620
19,296
7,626
7,377
220,541
34,617
31,794
56,045
62,919
19,827
7,794
7,545
226,024
35,163
32,971
57,300
63,853
20,257
8,663
7,818
229,859
35,872
33,241
58,139
65,372
21,050
8,353
7,831
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina .
South Carolina .
Tennessee .
Virginia
West Virginia
618,019
39,464
23,383
139,068
66,672
3T,905
48,350
23,027
65,718
32,670
48,777
74,206
18,781
627,512
39,831
23,024
142,347
67,915
38,323
48,855
22,626
67,152
33,087
49,688
75,584
19,079
641,288
40,637
23,341
146,119
69,789
38,916
49,677
23,024
68,500
33,723
50,605
77,547
19,409
650,583
41,069
23,804
148,398
.7.1,264
39,272
49,811
23,364
69,863
34,143
51,436
78,921
19,237
288,772
35,761
14,407
38,603
200,001
293,499
36,273
14,694
38,899
203,633
300,258
37,439
15,026
39,150
208,643
84,978
43,934
10,254
8,663
15,837
6,291
86,299
44,683
10,363
8,746
16,118
6,388
481,260
380,959
12,221
31,423
56,657
9,079
13,409
Rocky Mountain
Colorado
Idaho .. .
Montana
Utah
Wyoming .. ..
Far West
California
Nevada. .
Oregon
Washington
Alaska
Hawaii
IV
217,819
61,544
15,098
103,294
16,486
14,405
6,991
192,861
55,099
13,340
91,138
14,069
13,031
6,184
Southwest. .
Arizona
New Mexico
Oklahoma
Texas
III
1986:111- 1985:IV1986:IV
1986:IV
3,498,710
188,847
54,006
13,082
89,294
13,644
12,784
6,037
;
II
r
214,814
61,130
14,767
101,442
16,268
14,269
6,938
3,247,811
184,143
52,423
12,888
87,058
13,337
12,526
5,912
.. .
l
T
211,299
60,158
14,458
99,885
15,920
14,040
6,837
3,182,876
179,757
50,909
12,609
84,966
13,244
12,226
5,803
.. .
r
3,430,620 3,485,751
3,024,888 3,067,203 3,130,640
New England
Connecticut
Maine
Massachusetts ..
New Hampshire.
Rhode Island
Vermont
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
Percent change
1986
1985
State and region
3,294,856 3,319,861 3,379,652
2.4
1.9
2.9
9.5
2.5
-5.2'
Census legions
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific
r
.
179,757
521,782
527,783
219,391
477,773
149,172
310,337
147,366
491,528
184,143
533,206
533,445
216,210
487,612
150,468
314,411
149,728
497,981
188,847
543,752
542,256
220,541
499,519
153,181
320,812
153,147
508,584
192,861
553,381
550,268
226,024
507,771
155,141
324,593
156,179
516,658
196,717
562,695
558,149
229,859
519,035
158,394
332,751
159,142
531,070
Revised.
Preliminary.
1. The personal income shown for the United States differs from that in the national income
and product accounts primarily because it omits income received by Federal Government employees overseas.
p
199,824
570,971
565,448
234,939
528,277
160,158
335,100
161,379
538,759
202,207
577,261
567,772
231,896
535,301
160,531
337,504
162,704
544,685
207,171
588,470
576,790
236,206
544,941
164,056
339,911
165,797
556,309
NOTES:
—Quarterly estimates for the years 1980-83 are available from the Regional Economic Information System, BE-55, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230.
—The quarterly estimates of State personal income were prepared by Isabelle B. Whiston,
under the supervision of Robert L. Brown.
34
SURVEY OF CURRENT BUSINESS
April 1987
Table 2.—Total and Per Capita Personal Income for States and Regions, 1980-86
Per capita 1
Total
State and region
1980
United States 2
Percent
change
Millions of dollars
1981
1982
1983
1984
1985
1986"
2,252,021 2,512,327 2,660,940 2,833,184
1985-86
Rank in
U.S.
Dollars
1980
1981
r
1982
r
1983
r
1984
r
1985
r
1986" 1980 1986
9,910 10,940 11,470 12,093 13,115 13,867 14,461
3,101,402
3,310,545
3,486,206
5.3
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
130,043
37,435
9,248
60,987
8,908
9,143
4,322
144,743
41,701
10,204
67,844
10,025
10,108
4,861
155,450
44,555
10,876
73,270
10,860
10,738
5,151
168,592
48,046
11,798
79,628
12,076
11,557
5,486
186,402
53,109
12,980
88,114
13,574
12,642
5,984
201,481
57,408
13,835
95,361
14,931
13,465
6,482
215,913
61,249
14,912
102,151
16,351
14,302
6,948
7.2
6.7
7.8
7.1
9.5
6.2
7.2
10,515
12,030
8,208
10,619
9,638
9,637
8,433
11,657
13,352
8,993
11,792
10,697
10,615
9,423
12,504
14,248
9,545
12,756
11,454
11,268
9,900
13,500
15,300
10,284
13,821
12,594
12,103
10,438
14,828
16,842
11,213
15,213
13,875
13,167
11,289
15,919
18,101
11,873
16,387
14,947
13,926
12,111
16,952
19,208
12,709
17,516
15,922
14,670
12,845
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania .. .
450,707
6,035
8,128
45,684
84,425
189,620
116,815
499,395
6,636
8,927
50,893
94,083
210,593
128,264
532,962
7,082
9,395
54,283
102,022
224,996
135,184
570,354
7,617
9,821
58,614
110,383
242,410
141,508
621,401
8,316
10,592
64,462
120,745
266,265
151,020
664,772
8,876
11,367
69,680
130,154
285,419
159,276
704,732
9,498
11,881
74,038
139,315
304,226
165,774
6.0
7.0
4.5
6.3
7.0
6.6
4.1
10,662
10,142
12,750
10,809
11,445
10,794
9,840
11,799
11,123
14,105
11,958
12,704
11,995
10,798
12,577
11,809
14,993
12,706
13,736
12,806
11,378
13,405
12,561
15,728
13,633
14,789
13,726
11,898
14,552
13,545
16,981
14,824
16,075
15,032
12,701
15,529
14,269
18,239
15,862
17,214
16,083
13,426
16,388
15,010
18,980
16,588
18,284
17,118
13,944
Great Lakes
Illinois
Indiana
Michigan .. .
Ohio
Wisconsin .
419,518
123,774
50,712
94,106
104,667
46,260
456,183
136,995
55,324
100,084
113,583
50,198
468,950
141,483
56,488
101,240
117,306
52,433
491,726
147,215
58,925
107,108
123,610
54,868
538,438
161,118
65,234
117,661
134,439
59,987
567,040
169,999
68,442
123,673
142,110
62,815
591,767
178,136
71,239
128,610
147,771
66,011
4.4
4.8
4.1
4.0
4.0
5.1
10,059
10,819
9,233
10,168
9,689
9,814
10,937
11,940
10,078
10,866
10,516
10,600
11,271
12,325
10,299
11,103
10,885
11,046
11,845
12,810
10,761
11,828
11,508
11,554
12,948
13,981
11,876
12,984
12,513
12,592
13,615
14,736
12,443
13,608
13,223
13,152
Plains
Iowa
Kansas. .
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
163,653
27,697
23,536
40,952
45,692
14,520
5,584
5,672
183,932
31,364
26,718
45,162
50,791
16,787
6,696
6,414
192,105
31,361
28,467
47,558
53,555
17,430
7,084
6,649
200,056
31,572
29,495
49,919
56,895
17,992
7,388
6,795
220,541
35,092
31,864
55,728
62,352
19,916
7,984
7,606
233,224
36,315
33,755
59,068
66,605
21,323
8,255
7,903
243,105
37,693
35,377
62,104
69,188
22,012
8,343
8,389
4.2
3.8
4.8
5.1
3.9
3.2
1.1
6.2
9,508
9,499
9,933
10,025
9,281
9,231
8,531
8,206
10,635
10,747
11,184
10,982
10,284
10,605
10,129
9,273
11,072
10,786
11,814
11,506
10,834
10,963
10,542
9,573
11,484
10,869
12,146
12,042
11,459
11,268
10,843
9,722
12,593
12,082
13,050
13,384
12,457
12,407
11,625
10,785
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky...
Louisiana..
Mississippi
North Carolina
South Carolina
Tennessee
Virginia ..
West Virginia
448,445
29,963
17,079
95,941
45,812
29,262
36,918
17,217
47,059
23,786
36,889
52,859
15,661
505,208
33,181
19,139
110,175
51,871
32,482
42,563
19,185
52,714
26,684
40,815
59,479
16,921
537,449
34,760
20,005
118,186
55,935
34,152
45,393
20,303
55,867
28,055
42,972
63,986
17,837
577,198
36,980
21,230
130,472
61,263
35,186
46,720
21,258
60,661
30,259
45,549
69,516
18,105
634,351
40,250
23,388
143,983
68,910
38,604
49,173
23,010
67,808
33,406
50,126
76,565
19,127
677,970
42,913
24,707
156,184
74,960
40,328
50,513
24,004
72,670
35,434
53,540
82,980
19,736
716,151
45,042
25,556
166,719
80,720
41,496
50,534
25,073
77,545
37,469
56,822
88,972
20,202
5.6
5.0
3.4
6.7
7.7
2.9
0
4.5
6.7
5.7
6.1
7.2
2.4
8,478 9,408 9,883 10,482
7,678 8,447 8,813 9,330
7,458 8,320 8,670 9,128
9,751 10,809 11,286 12,133
8,350 9,313 9,894 10,681
7,984 8,838 9,242 9,470
8,735 9,899 10,356 10,518
6,813 7,539 7,908 8,229
7,978 8,847 9,281 9,975
7,585 8,376 8,712 9,301
8,015 8,799 9,209 9,710
9,847 10,927 11,656 12,505
8,020 8,629 9,091 9,221
Southwest
Arizona
New Mexico
Oklahoma
Texas .
205,068
25,235
10,667
28,623
140,543
238,153
28,518
12,006
33,292
164,337
259,524
29,915
12,964
36,788
179,856
272,753
32,865 13,691
37,130
189,067
296,736
36,920
14,839
39,142
205,834
317,699
40,775
15,828
40,381
220,715
326,712
43,877
16,324
40,876
225,633
2.8
7.6
3.1
1.2
2.2
9,568
9,215
8,143
9,406
9,799
11,602
11,038
9,765
11,210
11,953
63,121
30,817
8,156
6,993
11,683
5,471
71,413
35,396
8,978
7,804
13,069
6,167
76,462
38,874
9,147
8,110
14,024
6,305
81,116
41,634
9,882
8,488
14,898
6,215
87,248
45,125
10,520
8,921
16,272
6,410
92,092
47,859
11,173
9,067
17,259
6,734
95,188
49,375
11,459
9,749
17,892
6,712
3.4
3.2
2.6
7.5
3.7
-0.3
355,571
275,801
9,176
25,930
44,664
395,810
308,221
10,370
27,759
49,460
418,563
328,028
10,891
28,096
51,548
449,837
353,949
11,530
29,856
54,502
493,515
390,909
12,597
32,147
57,862
532,232
423,566
13,560
33,921
61,185
567,565
452,690
14,521
35,655
64,699
6.6
6.9
7.1
5.1
5.7
5,586
10,310
6,421
11,068
7,702
11,774
8,690
12,862
9,080
13,690
9,476
14,558
9,468
15,606
-0.1
7.2
Rocky Mountain
Colorado. ..
Idaho
Montana ...
Utah
Wyoming..
Far West
California
Nevada
Washington
Alaska
Hawaii
2
39
12
25
26
37
1
34
4
8
16
33
15
13
8
5
9
19
7
2
5
21
14,178
15,420
12,944
14,064
13,743
13,796
7
30
14
24
21
9
32
20
24
22
13,285
12,603
13,782
14,092
13,228
13,286
12,052
11,159
13,832
13,222
14,379
14,737
13,657
13,777
12,284
11,850
27
17
16
29
31
36
40
29
18
14
25
23
36
39
11,369
10,083
9,967
13,035
11,791
10,366
11,020
8,853
10,989
10,134
10,600
13,586
9,798
11,988
10,670
10,471
13,744
12,546
10,815
11,261
9,182
11,605
10,626
11,230
14,553
10,190
12,504
11,115
10,773
14,281
13,224
11,129
11,227
9,552
12,245
11,096
11,831
15,374
10,530
47
49
23
38
44
34
50
45
48
43
18
42
44
47
19
28
43
42
50
37
45
40
10
49
12,419
12,016
10,400
11,817
12,798
13,053
12,771
10,909
12,215
13,467
13,180
13,220
11,037
12,368
13,523
32
41
28
22
30
46
35
26
9,572 10,574 11,043 11,481 12,203 12,758
10,590 11,862 12,656 13,224 14,147 14,797
8,600 9,309 9,354 9,999 10,524 11,130
8,865 9,806 10,074 10,403 10,833 10,984
7,934 8,623 8,997 9,334 10,021 10,491
11,528 12,487 12,352 12,035 12,497 13,212
13,109
15,113
11,432
11,904
10,743
13,230
13
35
33
46
4
11
41
38
48
27
15,477
16,070
14,479
12,630
13,882
16,168
16,778
15,074
13,217
14,498
3
6
20
10
6
12
31
17
13,797 15,460 17,281 17,995 17,970 18,140 17,744
10,648 11,291 11,802 12,626 13,214 13,845 14,691
1
11
3
15
11,323
11,590
11,330
9,817
10,750
10,812
10,128
8,991
10,711
11,129
12,363
12,702
12,261
10,399
11,674
11,345
10,324
9,471
11,380
11,698
12,836
13,236
12,403
10,527
12,048
13,562
13,986
12,856
11,223
12,662
14,634
15,163
13,744
12,011
13,301
Census Regions
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific
r
130,043
390,859
419,518
163,653
340,965
113,331
223,163
108,199
362,290
144,743
432,940
456,183
183,932
384,300
125,662
259,331
122,307
402,929
155,450
462,202
468,950
192,105
410,626
132,186
282,043
130,231
427,148
168,592
494,302
491,726
200,056
446,327
138,973
294,147
139,203
459,859
186,402
538,030
538,438
220,541
493,169
151,991
317,538
151,605
503,688
Revised.
Preliminary.
1. Per capita personal income was computed using revised 1981-85 and preliminary
Bureau of the Census population estimates.
p
201,481
574,849
567,040
233,224
531,887
160,785
336,317
162,255
542,707
215,913
609,315
591,767
243,105
567,043
168,434
342,600
169,910
578,118
7.2
6.0
4.4
4.2
6.6
4.8
1.9
4.7
6.5
10,515
10,617
10,059
9,508
9,180
7,711
9,337
9,448
11,334
11,657
11,752
10,937
10,635
10,168
8,498
10,596
10,409
12,373
12,504
12,533
11,271
11,072
10,717
8,888
11,148
10,791
12,876
13,500
13,353
11,845
11,484
11,481
9,294
11,358
11,279
13,616
14,828
14,496
12,948
12,593
12,476
10,103
12,118
12,065
14,664
15,919
15,465
13,615
13,285
13,227
10,625
12,672
12,677
15,495
16,952
16,344
14,178
13,832
13,859
11,075
12,753
13,047
16,177
2. The personal income shown for the United States differs from that in the national income
and product accounts primarily because it omits income received by Federal Government employ-
SURVEY OF CURRENT BUSINESS
April 1987
35
Table 3.—Percent Change in Total Personal Income and Earnings for States and Regions, 1985-86
Earnings l
Total
personal
income
State and region
Total
Nonfarm
Mining
ManuCon:
struction facturing
Whole^
sale and
retail
trade
Finance,
insurance,
and real
estate
Transportation,
public
utilities
Government
Services
Other
Federal
civilian
Military
State
and
local
10.1
2.5
3.3
5.1
15.7
8.9
10.0
2.8
4.8
8.0
20.0
14.0
26.1
21.1
25.8
22.4
19.7
1.9
3.0
4.2
0
4.0
4.0
3.8
4.0
6.0
5.4
1.2
10.0
11.3
4.0
10.2
9.7
11.2
9.9
14.9
9.0
8.4
17.8
15.3
20.3
19.3
21.4
14.2
19.1
11.8
10.8
11.2
12.0
14.9
11.2
12.5
18.4
18.8
15.2
18.6
26.2
16.9
14.1
3.4
3.2
0.4
3.7
12.4
2.5
-0.4
5.5
6.5
2.7
3.3
7.7
11.0
7.5
8.0
6.3
9.5
9.3
10.3
1.7
8.9
-8.1
-10.5
-7.3
-6.9
-2.8
-9.3
-8.4
17.2
20.3
17.8
15.7
16.5
17.6
17.6
1.3
05
9.8
0.3
3.7
1.5
-0.4
3.0
10.5
-0.8
5.3
6.8
0.6
3.2
6.9
8.4
2.4
7.4
9.3
5.9
6.5
17.6
24.6
7.4
18.9
21.7
17.5
15.8
9.4
10.2
9.2
11.1
10.6
9.3
7.9
14.5
7.5
13.2
14.6
16.0
13.0
16.5
1.2
2.2
0.4
1.7
1.6
3.6
2.7
4.9
3.8
7.1
4.3
5.3
9.0
-0.9
8.3
9.0
7.5
9.8
10.4
8.5
5.2
5.5
6.5
5.8
4.7
4.9
5.9
89
85
106
46
-10.9
-3.9
11.5
10.2
13.2
17.5
7.2
13.9
2.1
0.9
1.8
3.8
1.1
3.2
3.9
3.9
5.6
1.6
4.0
4.9
5.2
7.6
6.4
1.8
4.4
4.8
14.3
15.7
15.5
10.0
14.3
13.5
7.9
8.6
9.3
5.1
8.8
7.7
10.4
12.5
8.9
9.4
11.1
7.6
2.8
1.7
0
5.1
3.6
4.5
7.5
6.1
8.5
4.9
8.6
14.4
6.8
7.4
7.1
6.8
7.0
5.2
5.6
5.8
6.5
6.4
5.1
3.8
0.2
9.1
5.2
3.5
4.9
6.1
5.9
4.1
1.4
5.4
-16.6
-6.2
-27.5
118
60
127
-29.5
3.8
9.5
3.2
10.2
13.1
12.9
16
15
9.9
2.6
0.7
3.9
3.2
2.2
2.4
0.7
8.1
2.1
3.0
2.2
2.5
2.0
0.3
-0.3
3.8
2.7
1.1
3.4
3.9
2.8
2.2
-0.2
1.1
14.5
11.0
13.5
15.9
16.9
12.0
11.1
10.2
8.1
7.1
6.8
8.6
9.1
7.6
5.5
6.6
10.5
10.2
10.0
7.9
13.6
10.8
13.8
7.1
5.1
4.4
4.0
6.6
4.4
7.2
6.2
4.8
4.8
13.7
3.4
13.1
5.5
6.4
0
2.2
5.3
2.4
7.1
4.9
7.1
4.4
4.5
5.4
5.6
5.0
3.4
6.7
7.7
2.9
0
4.5
6.7
5.7
6.1
7.2
2.4
6.4
5.8
4.2
8.0
8.8
3.4
23
4.1
7.8
6.6
7.6
8.9
1.5
6.8
6.2
6.1
8.1
9.0
4.7
23
5.5
8.0
7.1
8.3
9.2
1.2
-12.0
-10.5
-20.1
-7.4
2.4
78
202
-22.6
-3.3
-4.9
-8.6
-7.9
-9.1
10.8
8.8
12.9
8.3
19.0
14.5
138
7.4
13.7
11.4
18.5
20.0
0.4
4.3
4.2
4.7
4.4
5.9
1.9
31
3l9
6.0
4.4
4.6
5.3
0.7
3.7
1.5
4.1
4.8
4.4
3.1
39
31
3.6
2.4
6.9
7.5
0.3
5.6
6.4
3.7
6.4
5.9
3.1
29
3.8
7.0
6.5
6.5
9.0
2.2
15.1
14.4
14.0
15.3
17.8
13.7
8.4
14.7
16.8
12.9
15.2
17.1
10.8
9.9
10.6
8.9
10.1
12.8
9.4
3.0
7.8
10.6
10.0
10.6
11.6
5.4
10.2
4.0
8.3
10.3
10.0
11.6
1.8
10.9
14.2
10.0
10.1
16.5
10.4
3.2
2.6
3.7
2.0
4.8
0.8
3.6
3.7
4.6
3.5
5.8
2.5
1.6
4.7
2.8
6.1
7.5
2.2
0.2
5.1
9.7
2.5
6.1
7.1
4.9
8.7
8.8
7.1
5.4
10.1
10.7
7.3
3.0
7.8
9.7
9.6
9.4
12.2
3.6
2.8
7.6
3.1
1.2
2.2
1.8
8.2
3.1
0.2
0.9
2.0
8.6
3.4
06
1.2
-17.2
-10.1
202
193
169
-2.3
6.6
0.9
66
38
-0.9
6.2
5.9
36
19
1.5
8.0
0.5
1.6
0.7
0
4.9
3.4
-2.6
06
10.4
20.3
10.8
7.2
9.1
6.6
12.2
9.1
4.4
5.6
4.7
15.3
10.5
6.9
1.3
5.1
1.5
1.4
7.2
5.8
3.5
6.9
4.5
-0.2
3.6
7.9
10.4
4.6
6.4
8.1
3.4
3.2
2.6
7.5
3.7
03
3.3
3.1
2.0
10.0
3.9
-2.4
2.8
3.7
3.1
0.9
3.7
-3.0
-16.4
-15.0
-25.5
-12.9
-16.0
-18.1
-3.2
-4.0
5.4
-5.7
-7.8
-1.2
2.0
3.4
-0.6
-0.6
0.6
1.7
1.4
2.5
-0.1
0.7
2.2
-4.0
0.9
1.1
1.6
-2.4
3.3
-4.0
11.0
11.1
11.1
6.8
13.4
5.7
7.9
8.1
8.3
5.8
8.6
6.2
6.7
8.9
5.8
12.3
80
9.3
3.2
3.0
1.6
-0.2
5.8
-0.8
5.7
5.7
6.1
4.8
3.5
10.1
6.3
7.6
3.5
3.1
8.5
2.5
Far West
California
Nevada
Oregon
Washington
6.6
6.9
7.1
5.1
5.7
7.5
7.6
8.0
6.5
7.1
7.6
7.8
8.0
6.5
6.7
-9.6
-11.8
4.1
-7.0
2.9
11.6
11.8
18.0
10.4
9.2
4.4
3.9
4.8
3.7
8.0
5.2
5.5
7.3
3.3
4.0
5.7
6.0
5.5
4.0
5.0
18.3
19.0
16.8
14.2
14.4
8.8
8.9
8.3
9.2
7.1
8.0
6.3
9.1
16.0
14.6
2.6
2.8
5.1
0.4
2.1
4.7
5.1
1.8
16.3
2.6
9.4
10.4
4.1
8.3
5.1
Alaska
Hawaii
01
7.2
34
8.1
-3.4
7.6
0
-7.3
-23.0
23.6
2.3
7.9
-5.5
6.2
-7.6
3.8
5.0
14.9
-0.8
9.1
11.3
9.6
5.4
1.4
6.5
3.2
2.5
7.5
17.8
17.8
14.3
14.5
16.1
14.6
9.1
14.0
18.1
11.8
9.2
7.9
8.1
10.7
10.0
5.3
9.1
8.6
18.4
14.7
10.4
10.5
11.9
9.0
2.5
9.7
8.1
3.4
2.8
2.8
5.1
1.5
3.5
5.6
2.7
2.6
5.5
4.7
7.5
4.8
4.8
4.0
3.4
5.4
4.7
8.0
8.1
6.8
5.3
10.0
8.0
6.8
6.9
9.2
United States
5.3
6.1
6.2
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
7.2
6.7
7.8
7.1
9.5
6.2
7.2
8.8
8.1
9.5
8.6
12.2
8.4
9.1
8.7
8.0
9.6
8.5
12.3
8.3
9.0
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York .
Pennsylvania
6.0
7.0
4.5
6.3
7.0
6.6
4.1
7.4
7.8
5.1
7.9
9.0
7.9
5.4
7.4
7.3
5.1
7.9
9.1
7.9
5.4
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
4.4
4.8
4.1
4.0
4.0
5.1
5.3
6.0
5.5
4.3
4.7
6.6
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
4.2
3.8
4.8
5.1
3.9
3.2
1.1
6.2
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
..
-13.3
-2.4
-5.0
-9.9
1.0
1.4
65
08
Census Regions
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific
7.2
6.0
4.4
4.2
6.6
4.8
1.9
4.7
6.5
8.8
7.4
5.3
5.6
7.8
5.6
0.6
4.9
7.3
8.7
7.5
5.5
5.2
7.9
6.5
0.8
4.8
7.3
-2.4
-8.1
-8.9
-16.6
-7.3
97
-17.9
-15.3
-8.7
20.0
17.3
11.5
9.5
13.8
13.6
-4.7
1.5
10.1
1. Consists of wage and salary disbursements, other labor income, and proprietors' income.
1.9
1.4
2.1
2.6
4.5
3.8
-1.5
3.5
4.4
4.0
2.8
3.9
2.1
4.6
4.0
0.2
3.0
4.9
10.2
6.9
5.2
2.7
6.7
5.3
-0.9
2.5
5.5
SURVEY OF CURRENT BUSINESS
36
April 1987
Table 4.—Total and Per Capita Disposable Personal Income for States and Regions, 1980-86
Per capita 1
Total
State and region
1980
United States
1981
1982
1983
1984
1,912,276
2,119,926
New England.. .
Connecticut .
Maine. .
Massachusetts
New Hampshire
Rhode Island
Vermont
110,223
31,485
8,123
51,320
7,739
7,829
3,728
121,792
34,852
8,866
56,554
8,685
8,666
4,168
131,263
37,095
9,347
61,624
9,506
9,242
4,449
143,303
40,799
10,201
66,858
10,544
10,163
4,738
159,347
45,262
11,352
74,372
12,047
11,148
5,165
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
379,740
4,858
6,813
37,871
71,536
158,826
99,836
416,867
5,297
7,387
41,671
79,479
174,215
108,819
444,218
5,731
7,592
44,596
86,296
184,682
115,322
481,675
6,291
8,043
48,979
94,377
202,296
121,690
Great Lakes
Illinois
Indiana
Michigan . .
Ohio.
Wisconsin
355,692
104,539
43,203
79,838
89,046
39,066
384,487
115,550
46,788
84,349
95,872
41,927
398,985
120,840
48,018
86,061
99,849
44,218
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota .
South Dakota . . .
138,586
23,263
19,863
34,218
39,090
12,303
4,796
5,053
155,046
26,343
22,282
37,519
43,207
14,357
5,617
5,720
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
384,056
25,556
14,830
82,384
38,901
25,347
31,540
14,759
40,120
20,400
32,120
44,668
13,431
Southwest
Arizona
New Mexico
Oklahoma
Texas
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
Far West
California
Nevada
Oregon
Washington
Alaska .
Hawaii
,
,
,
1985
1986 '
1985-86
Rank in
U.S.
Dollars
Percent
chaange
Millions of dollars
r
1980
1981
8,415
9,232
1982
r
1983
r
1984
r
1985
r
1986" 1980
9,710 10,345 11,260 11,834 12,334
2,825,215 2,973,380
5.2
171,198
48,730
12,017
79,861
13,216
11,818
5,555
183,185
52,019
12,924
85,266
14,475
12,559
5,941
7.0
6.7
7.6
6.8
9.5
6.3
6.9
8,913 9,809
10118 11 159
7,210 7,814
8,936 9,830
8,373 9,268
8,252 9,100
7,273 8,081
13,526
15365
10,313
13,723
13,231
12,223
10,380
14,382
16,313
11,015
14,621
14,095
12,883
10,984
525,926
6,864
8,758
54,176
103,206
222,570
130,352
559,989
7,316
9,345
58,490
108,890
238,889
137,057
593,246
7,793
9,759
61,980
116,865
254,240
142,609
5.9
6.5
4.4
6.0
7.3
6.4
4.1
8,983 9,849 10,482 11,321 12,317 13,081
8,165 8,879 9,556 10,375 11,179 11,761
10,687 11,672 12,115 12,880 14,041 14,996
8,960 9,791 10,438 11,392 12,459 13,315
9,698 10,732 11,619 12,645 13,740 14,402
9,041 9,923 10,512 11,455 12,565 13,461
8,410 9,161 9,706 10,231 10,963 11,553
13,796
12,316
15,591
13,886
15,338
14,306
11,996
420,949
126,859
50,296
91,172
105,587
47,035
463,309
138,874
56,449
100,656
115,881
51,449
485,479
146,239
58,846
104,447
121,886
54,061
506,047
153,088
61,175
108,498
126,685
56,601
4.2
4.7
4.0
3.9
3.9
4.7
8,529 9,218 9,590 10,140 11,141 11,656
9,138 10,071 10,527 11,039 12,051 12,676
7,866 8,523 8,755 9,185 10,277 10,698
8,626 9,158 9,438 10,068 11,107 11,492
8,243 8,876 9,265 9,830 10,786 11,341
8,288 8,853 9,315 9,905 10,800 11,319
161,385
26,407
23,743
39,522
45,126
14,556
6,154
5,878
170,258
26,831
24,936
41,648
48,864
15,445
6,449
6,085
189,811
30,436
27,242
47,032
53,714
17,392
7,158
6,837
199,568
31,196
28,641
49,657
56,967
18,643
7,349
7,114
208,313
32,352
30,064
52,624
59,139
19,171
7,419
7,544
4.4
3.7
5.0
6.0
3.8
2.8
0.9
6.0
8,052
7,978
8,383
8,377
7,940
7,821
7,328
7,311
430,274
28,147
16,603
94,326
43,758
27,949
36,004
16,225
44,740
22,701
35,456
49,874
14,493
458,658
29,672
17,183
100,047
47,340
29,404
38,870
17,444
48,017
24,033
37,404
53,921
15,322
496,613
31,615
18,498
112,776
51,587
30,550
40,559
18,323
52,324
25,986
39,657
59,101
15,638
547,399
34,726
20,224
124,458
58,025
33,580
43,017
19,862
58,698
28,944
44,050
65,300
16,516
579,885
36,663
21,214
134,217
62,536
34,621
43,907
20,567
62,550
30,587
45,950
70,110
16,964
612,052
38,368
21,912
143,259
67,256
35,606
43,940
21,436
66,635
32,257
48,888
75,155
17,340
5.5
4.6
3.3
6.7
7.5
2.8
0.1
4.2
6.5
5.5
6.4
7.2
2.2
174,493
21,899
9,327
24,196
119,072
199,930
24,480
10,338
27,617
137,495
219,018
25,725
11,088
30,192
152,014
234,662
28,543
11,965
31,609
162,544
256,025
32,323
12,666
33,286
177,750
272,031
35,443
13,424
33,944
189,220
279,766
38,158
13,791
34,363
193,454
53,821
26,006
7,107
6,028
10,103
4,577
60,463
29,687
7,737
6,731
11,209
5,099
64,676
32,506
7,922
7,053
11,958
5,237
69,792
35,675
8,768
7,237
12,960
5,153
75,445
38,928
9,314
7,720
14,073
5,409
79,688
41,815
9,855
7,796
14,518
5,704
302,192
234,272
7,786
21,844
38,290
336,417
262,055
8,785
23,400
42,177
357,793
280,232
9,265
23,648
44,648
388,088
304,761
10,049
25,498
47,780
425,887
336,162
10,705
27,776
51,245
4,672
8,800
5,229
9,421
6,391
10,243
7,267
11,073
7,729
11,936
2,252,631 2,423,679 2,662,815
10,558
11,862
8,204
10,728
10,026
9,698
8,551
11,475
12,992
8,892
11,604
10,996
10,643
9,015
12,675
14,354
9,807
12,840
12,315
11,611
9,744
2
39
13
18
24
38
1
33
4
7
12
34
26
17
11
4
10
15
8
2
6
21
12,125
13,252
11,116
11,865
11,782
11,829
8
31
14
25
22
9
31
22
24
23
8,965
9,026
9,327
9,123
8,748
9,070
8,497
8,270
9,302 9,773 10,839 11,368 11,852
9,082 9,236 10,479 10,827 11,349
9,854 10,268 11,157 11,693 12,220
9,562 10,046 11,295 11,847 12,488
9,129 9,841 10,731 11,314 11,673
9,155 9,673 10,835 11,617 11,999
9,158 9,465 10,422 10,730 10,923
8,463 8,707 9,695 10,045 10,656
28
16
17
30
32
36
37
29
19
16
25
20
35
36
7,261
6,549
6,476
8,373
7,090
6,915
7,463
5,841
6,801
6,505
6,979
8,321
6,879
8,013
7,166
7,217
9,254
7,856
7,604
8,373
6,376
7,509
7,126
7,644
9,163
7,391
8,434 9,018 9,810
7,523 7,976 8,699
7,447 7,953 8,618
9,554 10,488 11,267
8,373 8,994 9,928
7,957 8,223 9,017
8,868 9,131 9,640
6,795 7,093 7,641
7,977 8,604 9,513
7,464 7,987 8,780
8,016 8,454 9,315
9,822 10,631 11,587
7,810 7,964 8,460
10,254
9,116
8,990
11,811
10,466
9,284
9,788
7,867
9,989
9,173
9,638
12,296
8,759
10,686
9,468
9,237
12,271
11,018
9,549
9,762
8,166
10,522
9,553
10,179
12,987
9,038
47
49
19
41
43
35
50
46
48
42
20
44
45
47
18
32
44
42
50
37
43
40
11
48
2.8
7.7
2.7
1.2
2.2
8,141
7,997
7,120
7,952
8,302
9,077
8,694
7,742
8,885
9,311
9,575 9,982
8,878 9,586
8,100 8,534
9,340 9,543
9,887 10,276
10,715
10,519
8,877
10,049
11,052
11,177
11,101
9,252
10,268
11,546
11,286
11,497
9,324
10,397
11,594
27
40
29
21
27
46
38
26
82,063
42,909
10,087
8,394
15,031
5,642
3.0
2.6
2.4
7.7
3.5
1.1
8,162 8,953 9,341 9,879 10,552 11,039 11,302
8,937 9,949 10,583 11,331 12,205 12,928 13,134
7,494 8,022 8,101 8,871 9,318 9,817 10,063
7,642 8,458 8,760 8,870 9,374 9,444 10,249
6,861 7,396 7,671 8,121 8,666 8,825 9,025
9,643 10,325 10,260 9,979 10,547 11,192 11,121
12
34
33
45
5
10
41
39
49
30
456,737
362,007
11,455
29,088
54,187
487,195
386,924
12,267
30,816
57,187
6.7
6.9
7.1
5.9
5.5
9,623 10,508 10,972 11,700 12,629 13,282
9,845 10,800 11,307 12,042 13,040 13,734
9,614 10,387 10,551 11,205 11,679 12,231
8,270 8,766 8,860 9,585 10,378 10,830
9,216 9,955 10,435 11,100 11,780 12,294
13,878
14,341
12,735
11,423
12,815
3
6
23
7
5
14
28
13
8,034
12,607
8,016
13,499
-0.2
7.1
11,539 12,590 14,340 15,047 15,298 15,378 15,023
9,089 9,611 10,268 10,870 11,521 11,990 12,707
1
9
3
15
Census Regions
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific
T
110,223
330,198
355,692
138,586
289,446
97,782
189,637
92,833
307,878
121,792
362,513
384,487
155,046
324,246
107,776
217,718
104,066
342,282
131,263
386,299
398,985
161,385
346,600
113,924
238,259
110,754
365,162
143,303
418,363
420,949
170,258
380,723
120,145
253,210
120,350
396,378
159,347
456,128
463,309
189,811
421,738
132,218
274,277
131,138
434,848
Revised.
Preliminary.
1. Per capita disposable personal income was computed using revised 1981-85 and preliminary
1986 Bureau of the Census population estimates.
p
1986
171,198
484,836
485,479
199,568
452,115
137,802
288,284
140,010
465,923
183,185
513,714
506,047
208,313
481,434
144,298
293,670
146,279
496,442
7.0
6.0
4.2
4.4
6.5
4.7
1.9
4.5
6.6
8,913 9,809 10,558 11,475 12,675 13,526 14,382
8,969 9,840 10,475 11,302 12,290 13,044 13,780
8,529 9,218 9,590 10,140 11,141 11,656 12,125
8,052 8,965 9,302 9,773 10,839 11,368 11,852
7,793 8,579 9,046 9,793 10,669 11,243 11,767
6,653 7,289 7,660 8,035 8,789 9,106 9,488
7,934 8,896 9,418 9,777 10,467 10,862 10,932
8,106 8,856 9,177 9,752 10,436 10,939 11,233
9,631 10,510 11,008 11,736 12,660 13,302 13,891
CURRENT BUSINESS STATISTICS
The statistics here update series published in BUSINESS STATISTICS: 1984, a statistical supplement to the SURVEY OF CURRENT BUSINESS. That volume
(available from the Superintendent of Documents for $13.00, stock no. 003-010-00160-7) provides a description of each series, references to sources of
earlier figures, and historical data as follows: For all series, monthly or quarterly, 1981 through 1984, annually, 1961-84; for selected series, monthly or
quarterly, 1961-84 (where available).
The sources of the series are given in BUSINESS STATISTICS: 1984; they appear in the main methodological note for each series, and are also listed
alphabetically on pages 143-144. Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources
are provided through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
Annual
TT .,
Lnits
1985
1987
1986
1986
Feb.
Apr.
Mar.
June
May
Aug.
July
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
GENERAL BUSINESS INDICATORS
PERSONAL INCOME BY SOURCE t
Seasonally adjusted, at annual rates:
Total personal income
bil. $ ..
Wage and salary disbursements,
total
do
Commodity-producing industries,
total
.
do
Manufacturing
do ....
Distributive industries
..do....
Service industries
do
Govt. and govt. enterprises
do....
Other labor income
do
Proprietors' income: $
Farm
do
Nonfarm
. . .
do
Rental income of persons with capital
consumption adjustment
Dividends .. ..
Personal interest income
Transfer payments
Less: Personal contributions for
social insurance
Total nonfarm income.
bil. $ ..
do
do....
do....
do
do
DISPOSITION OF PERSONAL INCOME f
Seasonally adjusted, at annual rates:
Total personal income
bil. $ ..
Less: Personal tax and nontax
payments . . >
do
Equals: Disposable personal income
do....
Less: Personal outlays
do
Personal consumption expenditures......... do....
Durable goods
;
do...
Nondurable goods
do...
Services
do
Interest paid by consumers to
business
do
Personal transfer payments to
foreigners (net).....
do
Equals: personal saving
do....
Personal saving as percentage of disposable
personal income §
percent..
Disposable personal income in constant (1982)
dollars
.bil. $ ..
Personal consumption expenditures in
constant (1982) dollars
do
Durable goods .
do
Nondurable goods
do
Services
do
Implicit price deflator for personal consumption
expenditures
index 1982—100
r
3,553.4
'3,598.5
3,603.9
3,314.5
3,485.7
3,435.3
3,445.1
3,486.8 ; 3,481.3
3,481.9
3,490.8
3,497.9
3,507.9
3,517.8
3,523.3
3,542.7
1966 1
20735
20448
2051 8
20549
20584
2063 2
20720
20834
20880
2 1023
2 111 7
2 1153 '21287 '2 145 3 2 1527
6077
6232
6217
6216
6191
470.0
486.0
5499
387.3
2045
468.9
484.8
5577
390.8
2064
469.7
483.9
5603
392.5
2073
467.8
6193
468.1
6233
471.2
487.9
5667
395.7
2088
6202
470.5
487.3
5553
389.0
2055
621 6
460.1
469.8
5164
372.2
1969
486.9
5696
396.2
2095
6227
470.7
489.9
5749
400.4
6297
477,3
484.1
5658
394.3
2082
471.1
488.2
5734
398.5
210 4
474.9
494.3
5865
406.4
211 3
491.5
578 7
402.4
2121
6272
474.1
495.9
5842
404.5
2130
292
2252
261
2527
269
241 0
228
2438
530
247 5
381
249 1
27 5
2522
183
2554
19 1
257 5
213
261 o
189
2605
152
2620
289
2640
16.6
81 1
480.1
510.7
14.2
829
14.9
835
15.4
841
15.1
847
462.7
523.5
'465.5
'528.4
'467.4
'531.0
469.6
532.6
7.6
764
15.0
812
12.7
792
13.5
800
15.1
808
476.2
475.0
487.1
513.8
480.7
504.2
480.4
506.5
480.5
507.9
1502
1603
1587
32610
34367
33856
159 1
33995
1592
3411 0
3,314.5
3,485.7
3,435.3
3,445.1
3,486.8
4985
29368
27947
2,703.1
3655
9276
4973
29478
27980
2,705.9
3520
5005
2,986 3
28030
2,710.5
3685
514 1
2,971 6
2857 4
2,762.5
3881
9327
9051
1 336 1 1441 7
4865
2,828 0
26847
2,600.5
3593
1 4100
9361
1 4178
17.1
81 5
16.5
81 7
16.1
82 1
16.0
823
15.3
824
479.8
477.2
520.3
473.7
470.4
516.5
14.7
827
465.1
521.5
'6319
'476.6
'495.9
r
5900
410.8
2146
6281
2138
r
189
2657
r
6338
479.1
501.7
r
5967
'413.1
r
r
215.4
r
367
'271 0
6329
477.8
504.1
6006
415.1
216.2
295
2718
518.7
467.7
520.5
1602
1609
161 1
162 7
34496
34559
34637
1620
3 476 0
1626
34205
1593
3431 7
34852
34909
1678
1668
'3 511 6 '3,538.9
3,551.4
3,481.3
3,481.9
3,490.8
3,497.9
3,507.9
3,517.8
3,523.3
3,542.7
'3,553.4
'3,598.5
3,603.9
5099
5139
5194
5236
2,984.2
2 941 1
2,844.0
4552
9312
1 457 6
5285
2,989.3
28959
2,797.4
3968
9346
1 4660
5335
2,989.8
28972
2,798.8
5429
2,999.8
2 963.3
2,865.2
381.2
431.4
947.6
14861
3;086.9
2,981.3
2,882.6
397.2
938.0
14795
'5231
5295
r
3,023.9 '3,075.4
2,905.1 '2,972.2
r
2,806.6 '2,873.7
r
'394.3
364.8
r
'970.0
946.8
1 495 0 1,509.3
1599
503 9
29774
28252
2,731.7
3790
9266
9221
1 419 9 1 426 1
511.8
2 972 0
28483
2,753.8
3742
9364
1 443 3
2,978 5
28844
2,788.6
4028
9349
1 448 8 14509
2976.9
28619
2,766.7
3855
9323
826
935
90 0
90 4
91 3
922
933
94 1
947
960
970
970
14
114.2
17
142.0
17
149.8
12
183.3
12
152.3
12
123.7
12
115.0
12
94.1
12
43.1
14
93.4
14
92.7
3.8
5.0
5.3
5.4
5.1
4.4
3.7
2.8
2.6
2.6
2.5
5171
971.6
1,513.9
969
'969
971
1.6
118.8
1.6
103.2
1.6
105.6
'2.8
3.6
2,595.3
2,632.6
1.4
36.6
5.1
r
966
16
143.3
r
1683
2.8
r
2,528.0
2,602.0
2,583.0
2,602.6
2,639.9
2,627.0
2,610.5
2,612.4
2,606.2
2,598.3
2,596.9
2,593.3
2,596.1
23245
3439
24187
3686
23775
3492
23890
3384
24189
3566
24279
3663
24400
872 1
1 1780
859 5
1 1688
878 8
1 171 8
882 2
1 180 1
878 5
1 183 1
'3810
878 5
1 1805
24762
4274
8694
24302
3758
8726
2427 6
'3620
841 6
1 139 0
2 396 1 24103
361 7
3530
8759
873 8
1 1693 1 1727
1 179 3
1 1819
874 1
1 191 5
24796
4036
8786
111 9
114 2
1137
1133
113 1
1133
1138
114 0
114 3
1149
115 1
1153
1156
124.9
123.1
123.8
123.2
126.9
123.3
127.6
129.1
128.0
125.4
122.4
123.0
"126.8
126.4
1108
1275
126.4
128.3
104 5
1266
125.4
127.5
101 1
1281
127.9
128.2
985
1279
128.8
127.2
1021
1316
134.7
129.3
102 1
1273
131.5
124.3
1038
1323
137.7
128.3
1019
1340
138.1
131.2
991
133.4
137.0
130.8
101.4
130.0
132.3
128.4
102.4
126.2
127.9
125.0
106.5
125.8
127.0
125.0
" 106.1
"130.6
"131.8
"129.8
100.5
130.9
131.6
130.4
126.7
126.5
"127.1
126.7
134.4
133.1
126.2
"135.7
"134.5
"127.2
135.2
134.0
126.5
r
2r 408 9 24600
370.6
3442
r
8837
8667
1 1974 1 197 9 1 205.8
1165
116 8
INDUSTRIAL PRODUCTION 0
Federal Reserve Board Index of Quantity Output
Not Seasonally Adjusted
Total index
1977 = 100 ..
By industry groupings:
Mining and utilities
Manufacturing
.
Nondurable manufactures
Durable manufactures
Seasonally Adjusted
Total index
...
...
By market groupings:
Products, total
Final products
Consumer goods
.
125.1
1034
1291
130.9
127.9
do
do....
do....
1100
1264
125.1
127,3
do.
1238
125.1
1253
123.6
124.7
124.2
124.2
124.9
125.1
124.9
125.3
126.0
:do....
do
do
130.8
131 1
1202
133.2
1323
1245
132.9
1328
1233
131.2
1306
1218
132.7
1321
1245
132.4
1316
1243
132.4
131.1
124.4
133.2
1320
1252
133.8
1326
125.1
133.3
1322
124.2
134.0
132.7
124.7
134.5
133.1
125.6
do
. .
123.8
135.0
133.7
127.2
See footnotes at end of tables.
S-l
177-825 0 - 87 - SI
S-2
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
SURVEY OF CURRENT BUSINESS
n •*
April 1987
1987
1986
Annual
vmw
1985
1986
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
*-
Feb.
Mar.
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION <>—Continued
Seasonally Adjusted—Continued
By market groupings—Continued
Final products— Continued
Durable consumer goods
1977=100...
Automotive products
do ....
Autos and trucks, consumer
do . . . .
Autos, consumer
do ....
Trucks, consumer
do....
Home goods ..
do
Nondurable consumer goods
do ....
Consumer staples
do
Consumer foods and
tobacco
do
Nonfood staples
do....
Equipment
.
do
Business
and defense
equipment
do
Business equipment
do ....
Construction, mining,
and farm .
.
do
Manufacturing......
....do ....
Power
. . . do..
Commercial
do
Transit
.
do
Defense and space equipment........ do....
Intermediate products.....
. . do
Construction supplies
............do....
Business supplies .
do
Materials
do
Durable goods materials
do....
Nondurable goods materials
do....
Energy materials
do
By industry groupings:
Mining and utilities
do ....
Mining
do
Metal mining
do
Coal .
do
Oil and gas extraction #
do ....
Crude oil
do
Natural gas
do....
Stone arid earth minerals
do ....
Utilities
do
Electric
.
do
Manufacturing
...
do
Nondurable manufactures
do ....
Foods
do
Tobacco products . . . . .
,
do
Textile mill products
do
Apparel products
do
Paper and products
do ....
Printing and publishing
do ....
Chemicals and products
do....
Petroleum products
..
do
Rubber and plastics products
do ....
Leather and products
do....
Durable manufactures
do ....
Lumber and products
do....
Furniture and fixtures
do....
Clay, glass, and stone products
do ....
Primary metals . . . .
do
Iron and steel
....
do
Nonferrous metals
do
Fabricated metal products
do ....
Nonelectrical machinery
do ....
Electrical machinery
do....
Transportation equipment
.....do ....
Motor vehicles and parts
do.,..
Instruments
do
BUSINESS SALES t
Mfg. and trade sales (unadj.), total
Mfg. and trade sales (seas, adj.),
total .
.
Manufacturing, total
Durable goods industries
Nondurable goods industries
Retail trade, total
Durable goods stores
Nondurable goods stores
Merchant wholesalers, total t
Durable goods establishments
Nondurable goods establishments
Mfg. and trade sales in constant (1982)
dollars (seas, adj.), total §
Manufacturing
Retail trade
Merchant wholesalers
See footnotes at end of tables.
116.2
115.1
112.9
97.3
141.8
117.1
127.5
134.2
116.6
117.6
119.4
107.1
142.1
115.8
125.8
132.3
112.4
110.4
106.3
93.7
129.6
113.9
125.3
131.6
115.9
116.4
115.1
100.8
141.5
115.5
127.7
134.3
113.8
113.2
110.3
94.8
139.1
114.3
128.1
135.0
114.3
113.7
112.2
99.3
136.1
114.8
128.1
135.1
116.3
116.4
114.5
95.3
150.3
116.3
128.4
135.3
115.7
114.5
110.4
87.8
152.4
116.7
128.6
135.5
117.4
117.0
116.8
96.2
155.1
117.7
126.7
133.6
116.3
112.7
107.7
91.9
137.1
119.0
127.8
134.4
118.4
114.6
107.6
92.3
136.0
121.2
128.3
135.0
121.5
117.7
115.6
99.5
145.6
124.4
129.4
136.0
119.9
117.6
117.9
94.3
161.9
121.7
128.6
135.1
"122.0
* 122.5
"125.2
"105.3
"162.1
"121.6
"129.2
"135.8
128.8
129.2
145.4
131.9
136.5
142.7
131.1
133.5
145.4
130.3
133.0
142.3
131.9
136.7
142.3
132.4
137.7
141.2
133.3
137.0
140.0
132.2
138.5
141.0
133.2
137.9
142.5
131.0
136.3
142.8
131.6
137.2
143.3
132.6
137.4
143.1
133.9
138.2
142.2
132.3
138.1
142.3
"133.5
"138.3
"144.2
137.8
144.0
146.0
139.6
147.1
138.6
147.8
140.5
145.5
137.7
146.6
138.6
146.0
137.9
145.1
136.6
146.4
137.9
147.8
139.3
148.0
139.3
148.4
139.1
148.1
138.6
147.0
137.1
147.2
137.4
"149.3
"139.7
149.0
139.2
64.3
110.7
83.5
217.9
105.4
170.6
130.0
118.3
140.0
114.2
121.4
112.2
103.4
'59.9
111.9
81.6
214.6
109.2
180.3
136.4
124.7
146.4
113.9
119.7
118.3
99.9
63.0
112.9
82.3
216.8
111.7
176.3
133.4
122.6
142.6
114.8
121.3
116.1
102.1
59.5
112.4
82.0
214.3
104.3
176.2
133.3
122.6
142.5
113.3
119.3
114.8
101.4
58.6
111.9
83.0
213.4
112.1
178.0
134.5
123.6
143.8
113.8
120.2
116.5
100.4
60.9
111.9
82.9
212.9
107.3
178.0
135.1
123.5
145.0
113.0
118.4
116.5
100.5
61.9
111.7
83.5
208.2
108.8
178.4
137.0
124.1
147.9
113.1
117.8
117.7
100.8
60.6
112.6
81.7
214.5
103.9
179.5
137.3
124.0
148.6
113.6
118.8
118.9
99.9
58.3
113.3
81.7
217,5
106.9
181.0
137.8
125.4
148.4
113.2
118.8
119.7
97.9
58.1
113.0
80.3
215.1
113.3
182.0
137.0
125.9
146.4
113.5
118.9
120.6
98.0
58.0
112.7
80.5
215.4
111.8
184.6
138.7
126.3
149.3
113.3
119.2
120.3
96.9
56.6
109.6
79.5
217.3
110.7
184.9
139.2
126.8
149.7
114.3
120.4
120.2
98.7
'58.2
108.8
'80.2
'213.7
108.9
185.8
139.7
127.9
149.8
115.2
120.7
123.2
'98.8
'56.6
109,0
'78,9
'215,0
109,5
185.7
138.6
127.1
148.4
115.7
120.4
123.6
100.9
"57.2
"110.0
"79.9
"216.3
"117.6
"186.8
"139.7
"127.5
"150.1
"115.5
"121.2
"123.2
"98.7
110.0
108.8
75.0
126.8
106.2
108.1
85,7
118.3
111.9
119.7
126.4
125.1
130.2
100.2
103.2
100.9
127.6
153.9
127.1
86.8
146.9
68.5
127.3
113.4
139.7
115.5
80.5
70.4
99.7
107.3
145.3
168.4
121.4
111.5
139.1
103.4
99.6
71.8
124.2
94.7
105.7
84.1
113.7
109.7
122.2
129.1
130.9
133.6
r
96.4
113.2
103.5
136.4
163.4
133.0
92.1
153.4
61.3
127.9
123.4
146.8
120.2
75.8
63.4
99.0
107.4
141.9
166.5
125.8
110.9
141.4
106.8
105.1
77.2
126.5
101.1
107.6
84.3
116.8
109.7
119.5
128.7
128.7
132.9
97.0
109.9
102.8
132.6
156.7
132.0
90.1
151.1
64.8
128.7
120.3
143.2
119.3
80.3
69.5
100.8
108.5
143.9
164.8
127.5
116.4
141.9
105.4
103.0
75.9
124.7
99.2
108.2
85.4
111.6
109.3
119.8
127.2
127.7
132.2
93.6
108.0
102.8
132.4
157.8
130.2
88.6
147.8
62.7
126.8
120.7
142.9
120.0
76.3
64.3
98.8
107.6
141.7
165.2
122.6
108.1
142.0
104.2
101.0
76.0
124.4
96.2
106.8
83.9
115.0
109.4
121.6
128.7
129.6
133.1
100.3
111.4
103.1
134.1
161.6
132.8
91.3
146.8
61.5
128.1
121.3
145.9
121.6
78.1
65.6
101.6
108.2
140.8
166.8
126.2
112.6
142.4
103.1
99.8
72.0
124.0
95.1
107.5
85.3
112.4
108.5
121.7
128.2
129.9
133.7
101.6
111.3
102.6
133.2
161.9
131.5
95.7
150.1
59.5
127.0
121.6
146.2
120.2
74.8
60.2
102.3
106.5
141.3
166.0
124.1
108.7
140.3
102.6
98.9
65.9
127.3
93.3
106.4
84.4
114.5
108.6
123.1
128.3
131.2
134.6
97.6
112.6
101.7
137.2
164.0
134.2
91.8
152.2
57.9
126.2
120.9
147.1
120.8
71.4
58.3
96.3
106.6
140.4
163.2
125.1
110.6
139.9
101.8
97.1
69.2
120.2
92.4
106.6
82.9
111.8
109.7
125.4
129.2
131.7
134.3
97.9
113.4
102.5
138.1
165.4
134.1
90.6
155.5
61.9
127.4
120.8
149.5
119.6
73.6
61.7
95.9
105.7
142.6
166.8
125.6
111.2
141.7
100.9
96.4
70.9
122.2
90.7
104.1
81.4
114.8
108.3
122.4
129.5
132.2
135.1
97.1
114.7
102.5
138.6
164.6
134.4
94.0
155.5
62.0
127.5
122.5
148.3
119.7
73.4
60.8
97.3
105.9
142.6
167.2
125.1
108.2
142.0
100.8
96.2
70.7
120.8
91.0
105.1
82.1
111.7
108.3
122.8
129.5
131.4
134.3
89.8
116.0
102.7
136.9
163.0
133.9
93.3
154.9
59.4
128.1
125.0
147.7
121.6
74.1
61.1
98.6
107.3
140.9
166.9
127.7
112.2
141.7
100.7
95.6
68.5
117.6
90.5
103.9
82.1
116.4
109.3
123.8
129.9
132.3
133.7
100.1
116.1
104.2
137.8
167.8
133.9
91.1
157.6
60.2
128.1
125.9
149.2
118.1
74.2
62.2
96.8
108.3
142.2
167.7
125.2
107.1
140.3
102.6
97.4
68.3
130.1
90.4
102.0
82.4
115.2
111.2
125.1
130.3
132.7
134.4
96.8
117.8
105.1
139.5
168.5
132.3
92.0
159.0
61.3
128.6
129.5
148.6
120.6
76.8
64.8
99.5
107.1
141.2
168.3
125.6
107.9
141.1
101.9
'96.7
73.5
124.3
'90.9
101.4
87.6
109.6
110.6
123.5
131.1
133.7
135.3
'92.9
118.4
106.4
141.6
167.7
134.6
'92.5
160.7
'59.4
129.2
133.1
150.5
121.7
'73.5
60.5
'98.1
108.3
139.9
170.2
127.0
111.2
142.4
103.6
'97.9
"102.4
"95.9
101.9
'95.1
i33.5
'90.8
100.3
87.8
107.0
113.0
126.6
130.8
134.2
135.2
89.2
116.9
106.8
139.8
167.4
138.1
'94.5
159.3
'58.0
128.5
128.8
147.3
122.6
'73.7
'60.2
'99.1
107.1
139.7
168.7
127.7
112.2
141.4
"127.6
"89.0
"95.5
'89.0
"110.0
"113.0
"126.9
"131.7
"134.3
"135.7
"117.8
"107.8
"140.6
"166.6
"137.5
"92.0
"160.2
"58.7
"129.8
do rl 5,033,505 n 5,109,020
do ... " 2,279,132rl 2,273,298
1,187,165 1,201,704
do
do ... 1,091,967 1,071,594
do... rl 1,379,621 Tl 1,454,411
do
'517,981 '568,057
.do... '861,640 '886,354
rl
1,374,752 rl 1,381,311
do... r
do . . . 630,312 r664,108
do ... r744,440 '717,203
'419,569
188,620
'99,084
'89,536
117,590
'44,309
'73,281
113,359
'53,489
'59,870
'416,078
185,467
'97,751
'87,716
117,428
'43,769
'73,659
113,183
'53,403
'59,780
'422,503
189,240
'100 834
'88,406
118,485
'45,318
'73,167
114,778
'55,741
'59,037
'417,324
187,162
'98,484
'88,678
119,613
'46,047
'73,566
110,549
'53,932
'56,617
'421,933
189,022
'99 611
'89,411
119,679
'46,008
'73 671
113,232
'54,783
'58,449
'421,137
186,152
'99,514
'86,638
120,541
'46,604
'73,937
114,444
'55,697
'58,747
415.9
189.0
112.8
114.2
415.0
185.9
114.0
115.0
424.3
192.5
115.0
116.8
417.4
1894
116.0
112.0
420.0
188.9
116.3
114.9
423.0
190.0
116.0
117.0
'423,559
186,977
'98,065
'88,912
122,156
'48,245
r
73,911
114,426
'54,747
'59,679
426.5
190.2
118 1
118.1
120.9
128.7
135.6
109.5
'79.6
'216.4
114.4
187.2
139.3
127.3
115.1
120.9
122.8
'98.0
113.2
131.4
133.8
166.1
'9b"i
129.7
"150.4
"122.4
e
77.7
"76.3
"62.9
"101.5
"107.5 "•""'107.6
141.1
"140.8
167.7
"168.3
130.3
"131.7
115.3
"117.8
141.2
"141.7
mil. $.. '5,033,505 r5,109,020 r393,132 '423,502 '422,362 '430,162 '436,410 '409,679 '421,809 '445,147 '443,804 '423,305 '464,583 '391,606 415,169
bil $
do
do
do
120.6
120.3
121.4
100.9
112.9
114.0
112.0
98.9
136.3
112.2
122.9
129.0
'437,895
190,805
100,881
'89,924
128,952
'55,010
'73,942
118,138
'56,998
'61,140
'430,012
190,403
101,528
'88,875
122,121
'47,800
'74,321
117,488
'57,102
'60,386
'429,944
190,532
100,218
'90,314
121,678
'47,408
'74,270
117,734
'56,758
'60,976
'443,766
197,707
106,739
'90,968
127,613
'52,579
'75,034
118,446
'57 833
'60,613
'425,080
189,956
'99,318
'90,638
118,579
'43,766
'74,813
116,545
'55,893
'60,652
443,824
195,742
103,384
92,358
124,412
47,681
76,731
123,670
58,932
64,738
438.5
191.4
124.7
122.5
427.4
191.2
116.0
120.2
428.4
192.8
115.6
120.0
441.3
198.9
121.8
120.7
'422.7
191.3
112.5
118.8
440.6
196.7
117.7
126.1
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
S-3
SURVEY OF CURRENT BUSINESS
April 1987
Annual
n 't
unus
'
1985
1987
1986
1986
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INVENTORIES i
Mfg. and trade inventories, book value, end of
period (unadj ) total
rail
$
Mfg. and trade inventories, book value, end of
period (seas adj ) total
mil $
Manufacturing total
do
Durable goods industries
do
Nondurable goods industries
do
Retail trade, total
do
Durable goods stores
...
. do
Nondurable gpods stores
do ....
Merchant wholesalers, total t •••••
..do....
'642 031
Materials and suoolies
Work in process
Finished goods
Nondurable goods industries
Materials and supplies.
Work in process
.
Finished goods . . . . . . . . . .
Retail trade total $
Durable goods stores
Nondurable goods stores
Merchant wholesalers, total t
Durable goods establishments ....
Nondurable goods establishments
Manufacturing and trade in constant
dollars, total §
Manufacturing....
Retail trade.
Merchant wholesalers
do
do
do
do
...do....
do
do
do
...do ....
do ....
;do....
.do. .
do
(1982)
do
do .
..do....
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Shipments (not seas, adj.), total.
mil $
Durable goods industries total
do
Stone clay and glass products
do
Primary metals
do
Fabricated metal nroducts
Machinery except electrical
Electrical machinery
do
do
do
Motor vehicles and parts
do
Nondurable
"nd t ' P
Food and kindred products
Tobacco products
do
do
Paper and allied products
Chemical and allied products
do
do
Rubber and olastics oroducts
Shipments (seas adj ) total
By industry group:
Durable goods industries total #
Stone, clay, and glass products
Primary metals
Blast furnaces steel mills
Fabricated metal products
Machinery, except electrical
do
do
do
.do
do
do
do
do
Transportation equipment
do
Motor vehicles and parts
do
Instruments and related
products
do
Nondurable goods industries total # do
Food and kindred products
do
Tobacco products . . .
do
Textile mill products.. . . .
do
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
See footnotes at end of tables.
do
do
do
1 38
1 50
1 94
53
'87
45
1 02
.39
16
47
140
1.84
1.13
1.17
166
'76
'651 890 '655 390
'323 962
212 616 '212*792
111 953 '111 170
182 354 185 785
r
92 716 '95 966
'89,638 '89,819
144,967 145,643
'94 111 '94 361
'50,856 '51*,282
'655 393
'323 415
'212319
111 096
186,017
'95,788
'90,229
145,961
'95 230
'50,731
'653 317
'322 399
'212 012
110 387
184 906
'94,711
'90,195
146,012
'95 646
'50,366
'654 088
'321 273
'211 035
'110 238
185 686
'95,681
'90,005
147,129
'95 865
'51*,264
'656 982
'321 197
'210 685
'110 512
187 935
'98 008
'89,927
147,850
'96 680
'51,170
'655 415
'319 882
'209 885
'109 997
'187483
'97 387
'90,096
148,050
'96 883
'51,167
'652978
'318 345
'209 438
108 907
186,034
'94,337
'91,697
'148,599
'97 216
'51,383
'656 619
'318 220
'209 170
109 050
'190,645
'97,810
'92,835
147,754
'96 845
'50,909
'656 189
'318 721
'209 373
109 348
189,264
'97,041
'92,223
148,204
'97 652
'50,552
'652 705
'318 172
'207 935
110,237
187,158
'94,935
'92,223
147,375
'95 710
'51,665
'659 036
'320,689
'209,090
111,599
189,000
'96,606
'92,394
149,347
'97 280
'52,067
660,187
320,384
208,547
111,837
189,996
97,455
92,541
149,807
96882
52,925
641.5
3230
1693
1493
645.9
3239
1721
1500
647.9
3247
1731
1501
645.3
3241
1713
149.8
646.3
3241
1710
151.1
684.4
3249
1710
1525
647.0
3233
1703
153.4
643.5
3225
167.8
153.2
644.6
3217
1709
151.9
643.8
3219
169.9
152.0
641.1
321 7
167.3
152.1
'647.0
'323.7
170.1
153.2
648.4
322.7
171.5
154.1
1 53
1 69
'2 10
49
86
43
1 23
.39
15
47
1 53
r
2.01
1.22
1.27
173
1 55
172
'2 15
49
85
43
1 25
.39
16
46
1 55
r
2.09
1.22
1.28
1.76
r 85
r 85
'1 58
'1 75
'2 18
50
89
44
127
.40
16
48
1 58
'2.19
1.22
1.29
177
'86
'1 55
'171
'2 11
49
85
43
126
.39
15
.47
157
'2.11
1.23
1.27
1.71
'86
1 57
'172
'2 15
50
88
44
124
.39
15
47
1 55
'2.06
1.23
1.32
1.77
'89
'1 55
170
r
2 12
49
87
43
123
.40
16
47
'1 55
'2.08
1.22
1.30
1.75
'88
'1 56
173
'2 12
49
86
43
'1 28
.40
16
.48
156
'2.10
1.22
1.29
1.74
' 87
1 55
171
'2 14
49
87
43
124
.40
15
.47
153
'2.02
1.22
1.29
1.77
'86
'149
167
'2 08
48
86
42
121
.39
.15
.46
1 44
1.71
1.24
1.26
1.71
'84
153
167
'206
47
84
41
123
.40
.16
.46
'156
'2.05
1.25
1.26
1.70
'84
'1 53
167
'209
47
84
42
'121
.39
.15
.46
156
'2.05
1.24
1.26
'1.72
'83
147
161
'1 95
45
79
40
'121
.39
.15
.45
147
1.81
1.23
1.24
1.65
'85
155
1.69
'211
'60
'96
'54
'1.23
'.47
'.20
'.56
1.59
'2.21
1.23
1.28
1.74
'.86
1.49
1.64
202
57
92
.52
1.21
.46
.19
.55
1.53
2.04
1.21
1.21
1.64
.82
154
171
150
131
'650 695
r
326 780
r
213 750
113 030
179 671
r
90 791
r
88,880
144,244
'93 099
Nondurable goods establishments
do . . . . r51,145
Mfg. and trade inventories in constant (1982)
dollars, end of period(seas. adj.),total §....bil. $ ..
Manufacturing
do
Retail trade .
do
Merchant wholesalers .. . .
do
BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade total
ratio
Manufacturing total
do
'643 308 '652 539 r658 419 '661 051 '655 260 '652 544 '652 610 '649 368 '651 113 '665 568 '666 333 '643 308 '651 595 660,905
156
174
151
1 30
153
1.69
1.51
1 29
155
171
1.48
134
154
172
1.47
1 32
153
171
1.48
1 30
1.52
1.70
1.44
130
1.47
1.69
1.35
125
151
1.68
1.47
126
1.50
1.67
1.47
127
1.45
1.62
1.37
1.26
1.53
1.69
1.51
1.29
1.47
1.64
1.46
1.22
'652 705
'318 172
r
207 935
110 237
187 158
r
94 935
'92,223
147,375
'95 710
r
51,665
2 341 220 2 348 436
1 243 793 1 269 598
57 255
59224
125 777 117 062
52 519
47 385
168 953 169 984
212 620 204983
185 514 197 194
313 427 329 668
203 371 211 734
56 743
56 440
1 097 427 1 078 838
296 142 310 994
21 953
20606
52 627
54 471
97565 109 435
214 345 214 278
194 030 143 056
47 722
48246
r
324 569
r
206 929 178 616 190 795 207,008 201,296 194,462 196,764
114 059 95007 100 573 111 768 110 545 104 768 107 416
4334
4872
5277
5396
4*824
5066
5363
8542
8984
8778
9772
9734
9 183
10 171
3 543
3442
3476
3828
3756
3 781
4 216
15 353 13 114 14 160 15046 15*037 13697 13016
19 353 15 466 15216 17 639 16619 16494 18886
17*537 14 643 16375 18362 17 240 17614 17845
29 019 23 494 24 095 28 114 29 316 27 231 29452
18830 13*968 14949 18*404 18*919 16 841 16,821
4970
5 023
4747
4959
4942
4 650
4*363
92 870 83 609 90222 95240 90 751 89694 89348
26698 24*971 26268 28*307 27*172 26 506 26403
2581
2052
1508
1 882 2*013
1*373
2331
4565
4381
5002
5067
4 825
3*925
4 814
9254
9 138
9479
9704
9485
8821
9532
18 508 16*195 17 593 18767 17 161 16 842 17,820
11 129
11 643 10*731 11 023 11 006 10306 10997
4 315
4*257
4*250
3634
3975
3925
3 619
193 642 193 294 193 305 196 281 196 202 197 222 204,490
179,922
94,458
4,426
8,886
3698
12158
13,945
14,831
25781
17,789
4218
85 464
24646
962
3945
9465
18,057
11 128
3805
196,661
105 545 102 693 106 592 103 672 104 553 104 980 104 154 106 027 107 443 106 669 112 403
4,974
4,968
4,978
4941
4*760
4873
4942
5*108
4901
4876
4*784
9770
9 551
9 500
9 644
9358
9646
9484
9852
9833 10 122
10 159
4 146
3,774
3678
3*926
3890
3833
3638
3*886
4 123
4066
4 173
14266 14397 14036 14052
13910
14300 13733 14 553 14 145 14 199 14 044
17*535 17 111 16433 16597 16,750 16,800
17,504
17 932 16784
16939 17377
15 819 16 187 15 539 15 520 16316 16 172 16883 17 258 16909 17607 17 955
27962 25030 27517 26 610 25*887 27297 26855 27082 28334 27607 32102
18461 16 112 18080 16992 16455 16884 16970 17777 17,720 17,216 20,671
105 328
5,227
9162
3,781
13,818
15,764
16 174
28,422
19,029
4,821
92087
26,590
2,403
4,674
9,884
18,313
10,990
4,083
4,669
91,333
26,851
1,058
4,546
9,762
18,959
11,263
4,127
196 648 200 540 197 446 195 769
105 708 109 751 108 655 106 469
5 108
5 171
4 563
4841
10509 10691 10 621 10262
4*342
4 180
4 299
4 369
14 116 14 362 14 754 14 552
17 064 18 846 17 666 16 903
15887 17 024 15549 15504
28 381 27 533 28 953 28 219
18891 17879 19478 18574
4'55g
4 446
4 569
4 832
90 940 90 789 88791 89 300
25 008 25 646 24635 25708
1*542
1 985
1 627 2069
4*454
4 328
4 708
4 443
8989
8886
8819
8906
18403 18565 19*016 17 912
13 721 12 320 12 029 12 573
3 926
4 036
4078
3 976
196 274 191 051 196 132 193 068
4696
90729
24933
1800
4452
8637
18 185
13*955
4005
4591
88358
24*764
2 155
4299
8462
17068
12798
3921
4613
89 540
25 279
1,570
4,487
8917
18363
12344
4016
4648
89396
25791
2057
4,255
8853
17273
12629
4044
4680
89089
25490
2127
4,398
9 125
17 346
11278
4002
4755
88 314
26420
1491
4,592
9317
17 635
10 677
3759
4727
89 151
26 286
1781
4,618
9299
18 060
10 880
3804
4568
90254
26 552
1,815
4,693
9 515
17949
10,718
3,984
4,823
88759
26469
1,486
4,793
9397
17903
10,203
3,995
4725
90 553
26,703
2,038
4,692
9489
17,854
10,986
4,087
Mar.
S-4
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
SURVEY OF CURRENT BUSINESS
.f
units
Annual
April 1987
1987
1986
TT
1985
1986
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS-Continued
Shipments (seas, adj.)— Continued
By market category:
1
Home goods and apparel
mil $
158 796 1 163 633
13551
1
Consumer staples
.
do
416 523 1 444 533
35870
Equipment and defense products,
except auto
«....do .. . 1 364,113 1 364 609
29,793
Automotive equipment
do .... 1 226,162 1 234,289
20,287
Construction materials, supplies, and
1
intermediate products
.
do
206 604 1 217 558
17679
Other materials, supplies, and
1
intermediate products
do
79094
969 022 1 922 999
Supplementary series:
1
Household durables
do
78,046 ' 84 131 6720
1
Capital goods industries
do ,
411,391 1 421 036
34145
26564
Nondefense
do
' 326 703 '327 133
1
1 84 688
Defense
do
93 903
7 581
Inventories, end of year or month:
Book value (unadjusted), total
do .. .
277,885 271,606 280,374
Durable goods industries total
do
180 682 188 382
186 014
Nondurable goods industries total
do
91992
90924
91871
Book value (seasonally adjusted), total . do
275 533 279 236
281 884
By industry group:
Durable goods industries,
total #.
.
do
189 164
183 800 187 644
Stone, clay, and glass
5,666
products
do..,
5,546
5,559
Primary metals
do
17 837
17 281
15869
Blast furnaces steel mills
do
7830
7615
6347
Fabricated metal products
do
18565
19385
18885
39448
Machinery except electrical .
. do
39285
35910
Electrical machinery
do
33452
33496
33883
Transportation equipment . .
do
49068
48931
49385
Motor
vehicles
and
parts
do
11355
11477
10968
Instruments and related
9594
products
do
9,535
9516
By stage of fabrication:
Materials and supplies
do
51 921
51 095
53527
90125
Work in process
do
89912
88260
Finished goods
do ....
45,725
45,598
44,445
Nondurable goods industries,
total #.
do
92720
91 592
91733
Food and kindred products
do
23533
23386
21 239
Tobacco products
do
3270
3316
3 108
Textile mill products ....
do
6744
6554
6250
Paper and allied products
do
9728
9725
10250
Chemicals and allied
21419
products
... .
do
21434
22943
Petroleum
and
coal
products
do
7920
6916
5538
Rubber and plastics
products
.
do
6313
6478
6364
By stage of fabrication:
Materials and supplies
do
35503
35 462
35794
Work in process
do
14568
14198
14093
Finished goods
do
42649
41 932
41*846
By market category:
Home goods and apparel
do
22060
21 936
22591
Consumer staples
do
33823
33885
34549
Equip, and defense prod.,
exc. auto
do .
83871
80 349
83,634
Automotive equipment
.
do
13795
13015
13631
Construction materials, supplies, and
19256
intermediate products
do
19007
18776
Other materials, supplies, and
intermediate products
do
109 079
106 253 107 143
Supplementary series:
Household durables ... .
do
10979
10974
11 823
96 493
94 231
96 735
Nondefense
do
70465
66078
70239
Defense
do
26270
28 153
26254
New orders, net (not seas, adj.),
total
do
2 349 640 2 349 923 201 355
Durable goods industries total
do
1 251 657 1 270 434 110 155
Nondurable goods industries total
do
1 097 983 1 079 489 91 200
New orders, net (seas, adj.), total...
do 1 2 349 640 1 2,349,923 198 559
By industry group:
Durable goods industries, total ..
. do 1 1 251 6571 1270 434 107 545
1
Primary metals
do
126 403 1 117 705
10614
1
Blast furnaces, steel mills
...do .
4516
53 023
'48,259
Nonferrous and other pri1
mary metals
do ...
4,825
58,219 1 1 54,837
1
Fabricated metal products . ..
do
167 729
14274
169 070
1
Machinery, except electrical ..
do
210 701 1 198 657
18277
1
1
Electrical machinery
... do
15 704
199 234
189 040
1
Transportation equipment
do .
28458
320 041 1 335,392
1
Aircraft, missiles, and parts
do..
8720
101,596 1 105,621
Nondurable goods industries, total
do 1 1 097 983 1 1 079 489 91014
Industries with
unfilled
1
orders $
do.
22063
253,035 1 271,334
Industries without unfilled
1
orders Q
do
68951
844 948 J808 155
By market category:
1
1 158 sge
Home goods and apparel
do
13549
163 709
1
35916
416 623 1 444 552
Consumer staples
do
1
1
Equip, and defense prod., exc. auto
do.
29968
372 472 1 365 946
1
Automotive equipment
do .
225,227
20512
234,076
Construction materials, supplies, and
1
intermediate products
do ..
17,869
208,385 1 216,831
Other materials, supplies, and
1
intermediate products
do ..
80745
970,347 1 924,206
Supplementary series:
1
Household durables
do..
6,639
77,795 1 '84,32
1
Capital goods industries
do.
423 075 J 423 682
35837
1
Nondefense
do
28637
326 145
326 ST~
J
1 96 498
Defense
do
7200
97 537
See footnotes at end of tables.
13 528
35765
13362
35920
13208
36956
14057
37 350
13 454
37 193
13 631
37 280
14 107
38088
13461
37419
13865
37 989
14004
38460
13752
37 678
30,412
17,822
30384
19899
29679
18744
30751
18274
30434
18748
30631
18831
29735
19696
30486
19861
30870
19,266
32342
22616
28408
21 158
17969
18765
18286
18216
17 901
17685
18346
18623
18228
17776
18968
75555
77802
76 195
74994
75564
75247
76309
76352
77004
79292
76697
6838
34383
27304
7 079
6689
34688
27355
7333
6711
34068
26582
7486
7374
35207
27243
7 964
6940
35303
27240
8083
7 147
34928
27284
7 644
7489
34768
27081
7 687
7133
35730
27722
8008
7209
36,320
27628
869?
7307
38,395
29211
9184
7333
32419
24998
7421
280,348 281 358 280,845
189 131 189 491 189 753
91092
91 867
91 217
279 571 279 358 278 352
278 858
188 023
90835
278 410
278 441
187 101
91 340
278 613
277,799 275 097
186 580 185 275
89*822
91219
277 473 276 574
275,619
184 747
90872
276 007
275,187 271,606
183 994 180 682
90924
91 193
276 416 275533
275,641
183 317
92324
277 020
188 333
188 031
187 637
187 148
186 858
186 045
186 102
185 358
185 496
183 800
184 894
5,576
17220
7578
18926
39017
33544
49896
5551
17036
7486
19072
38409
33830
50030
5,561
16903
7484
18858
38108
34004
50206
5593
16883
7373
18832
37328
34243
50434
5,608
16724
7 164
18685
37220
34570
50061
5,673
16212
6805
18511
37055
34596
50037
5,529
15855
6515
18734
36784
34529
50804
5,480
15514
6272
18533
36690
34361
50702
5,581
15510
6349
18616
36697
34173
50,645
5,559
15869
6347
18565
35910
33,883
49,385
5,602
15426
6104
18540
36020
34116
50,423
11 264
11 279
11 204
10856
10892
10674
10642
10645
11 008
10968
10830
9533
9463
9542
9507
9545
9552
9608
9,704
9,702
9,516
9,549
51 688
91 236
45,409
51 864
90825
45,342
51 387
90714
45,536
51 559
90918
44,671
51 338
90518
45,002
50 878
90673
44,494
51052
90898
44,152
50561
90507
44,290
50606
89778
45,112
51095
88260
44,445
51275
88 680
44,939
91 238
23439
3267
6609
9781
91 327
23*401
3223
6622
9763
90715
23 179
3202
6535
9757
91 262
23 188
3057
6617
9*825
91755
23489
3086
6531
10 029
91428
23541
2*982
6337
10*114
90472
23*584
2974
6397
10065
90649
23533
3034
6310
9962
90920
23638
3053
6252
10040
91733
21239
3108
6,250
10250
92126
21309
3191
6,283
10249
21 554
21631
21499
22203
22252
22085
22 141
22297
22398
22943
22935
6436
6 265
6 302
6 161
5852
5 767
5478
5512
5493
5538
5629
6449
6322
6350
6271
6301
6314
6285
6 150
6281
6364
6258
35 110
13*921
42207
35078
13790
42459
34 889
13697
42*129
35 289
13938
42035
35685
13788
42282
35 684
13 504
42240
35367
13737
41368
35580
13905
41 164
35298
13994
41 628
35794
14093
41 846
35859
14087
42180
22 197
33798
22504
34292
22219
34067
22366
34 188
22411
34930
22421
34706
22228
33946
22359
34317
22524
34386
22591
34 549
22786
34900
83514
13 557
83160
13 533
83287
13 594
82840
13 237
82865
13 181
82667
12980
83062
12937
82,723
12762
82464
13 114
80349
13015
81,247
12907
18939
19075
18914
18651
18454
18479
18278
18 178
18482
18776
18,854
107 566
106 794
106 271
107 128
106 772
106 220
106 123
105668
105 446
106 253
106,326
11 098
97 253
70 173
27 080
11 35]
96 928
69363
27 565
11 252
96 990
69236
27754
11 460
96 956
68839
28 117
11 638
96 834
68685
28 149
11567
96981
68 515
28466
11446
97 465
68 429
29036
11591
97 135
67914
29 221
11 695
96585
67560
29 025
11823
94231
66078
28153
11 896
95645
66951
28694
205 866
115 035
90831
192 996
194 594
105 748
88846
193 151
191 789
102 415
89374
192 122
201 600
108 946
92654
191 795
177 464
93742
83722
194 560
186 986
96996
89990
192 836
208 321
112 745
95576
199399
199 388
108 623
90765
192,502
194 988
105 407
89581
199,454
199 084
109 588
89496
202,612
181,673
95715
85958
194,457
104 682
9762
4110
103 747
9625
3918
102 624
8831
3443
102 730
9323
3822
106 220
9060
3678
103 845
10245
4488
108 723
9842
4212
103 569
9713
3677
108 826
9441
3738
110 413
10584
4469
102 965
8707
3440
4,463
13 141
16081
17066
28496
8238
88314
4,263
14653
16800
15467
26497
7,169
89404
4,202
14024
1644
14650
27933
10023
89498
4,361
13998
16888
17913
23531
5303
89 065
4285
13993
17 233
16953
28359
9226
88340
4557
13702
16603
15952
26704
8525
88991
4,504
14051
16523
17672
28964
9530
90676
4,651
14217
15231
17083
26115
6783
88933
4,669
14300
16951
16739
30247
12518
90628
4,928
14413
15747
18321
30055
8439
92199
4,116
13713
14790
14689
28706
8,645
91492
21660
21,901
21916
22914
22616
22390
23774
23319
23092
24006
23666
66654
67 503
67 582
66 151
65724
66601
66902
65614
67 536
68 193
67826
13534
35858
32463
18132
13249
35946
29456
19835
12963
36918
29954
18530
13944
37 284
30495
18286
13273
37 198
32404
1863
13755
37 231
30 501
18533
14332
38044
30473
19681
13624
37 420
26930
20091
13915
38033
32480
19 209
13779
38502
30433
22371
14 144
37 612
27 117
21 136
17,399
18,635
18,326
18,106
17,98
17,577
18,250
18,476
18,189
18,121
18,843
75610
76,030
7543
73680
7507
75239
78619
75961
77628
79406
75605
6,824
36987
26540
10447
6,641
32679
26 179
6500
6,47
3457
26 14
843
7,289
33674
2642
7 253
6,76
37 54
2738
10 15
7,235
34657
26325
833
7,707
37 060
28222
8838
7,333
31913
26912
500
7,330
38798
28442
10356
7,171
34429
30 053
4376
7,664
31497
24 944
655
Feb.
Mar.
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
S-5
SURVEY OF CURRENT BUSINESS
April 1987
Annual
,, ..
1985
1987
1986
1986
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
Nov.
Oct.
Dec.
Feb.
Jan.
Mar.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS—Continued
Unfilled orders, end of period (unadjusted),
total
mil $
Durable goods industries total
do
Nondurable goods industries with
unfilled orders $
do
Unfilled orders, end of period (seasonally
adjusted) total
mil $
By industry group:
Primary metals
Blast furnaces steel mills
Nonferrous and other primary metals. . ..
Fabricated metal products
10469
363 809 365 251
do....
Aircraft, missiles, and
parts.....
Nondurable goods industries with
unfilled orders $
By market category:
Home goods and apparel . .
Consumer staples
Equip, and defense prod., excl.
auto
Automotive equipment
Construction materials, supplies, and
intermediate products
Other materials, supplies, and
intermediate products
Supplementary series:
Capital goods industries
Nondefense
Defense
11 120
372 392 377 718 374 866 370 886 365 557 364 405 360 596 361 909 360 001 360 527 362,847
361 493 366 777 363 870 359 816 354 703 353 438 349 861 350 838 348 916 349555 351 727
364,598
352 984
11120
11,614
367 129 365 251
363 047
10899
10941
10996
11 070
10854
10967
10735
11071
11 085
368 511 370 456 367 475 366 529 364 682 365 948 365 479 368 597 364 897
10 972
353 036 353 792 357 599 359 588 356 743 355 695 353 872 355 112 354 803 357 499 353 625 355 782 353 792 351 429
19,890
19090 18929 18343 19230 19428 19,371 19,312 20,345
19747 20345 20679 20608 20'lll
9,770
10,111
9,416
9,356
9569
9,190
8340
8 808
8872
9495
9700
9516
9 191 10 111
do
do
Electrical machinery
361 360 362 847
350 891 351 727
do
do. ..
7064
20,414
59 407
82,339
154 122
do.
6332
19,405
53 259
84,199
159 680
130 785 137,336
do....
10,773
11,459
do
do....
4202
751
4370
770
do
do
228 264 229 285
5 167
5377
do ..
12,418
11922
112797
do
113 737
4013
3749
do
275 320 277 591
do.... 133,823 132,628
do
141 497 144 963
BUSINESS INCORPORATIONS @
New incorporations (50 States and Dist. Col.):
Unadjusted
number
Seasonally adjusted . . . .
do
r
INDUSTRIAL AND COMMERCIAL
FAILURES @
Failures, total
number ..
Commercial service
do
Construction
do ....
Manufacturing and mining
do ....
Retail trade
do
Wholesale trade..
do
Liabilities (current) total
mil $
Commercial service
do. ,
Construction
do. ..
Manufacturing and mining
do ....
Retail trade . . . . . .
do
Wholesale trade
...
do
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns ..
57,252
16647
7,004
5,662
13501
4835
36 914 1
64726
2,011.9
7,162.6
29084
28316
6,745
7,212
7511
19,756
20,248 19,656
59 584 58288 57 156
82J29 83,608 83,536
157 100 160 566 159 546
6,156
6,222
6,200
6,296
19,434 19,383 19,175
19,635
56813 56 166 56 288 56458
82,666 84^263 85^044 84,113
160 869 158 513 159 575 159 424
5,977
18,960
56384
84,527
161 306
5,955
18,780
54 865
84,701
159 087
6,016
19,044
55016
83,833
161 727
6,332
19,405
53259
84,199
159 680
6,164
19,300
52285
82,714
159 964
136,851 134,229
134,705
135,067
136,877
134,782
138,620
137,336
138,163
10,834
10,810
10,836
10,676
11,098
11,272
11,347
11,459
11,618
4,327
837
4,214
111
4,033
776
4,157
727
4,382
683
4,545
684
4,595
728
4,370
770
4,762
704
229 420 231 471 230 543 230 818 230 562 232 532 232 402 233 140 229 584 231,194 229,285
5,167
5,412
5469
5,239
5254
5552
5669
5657
5,871
5935
5625
227,994
5,145
134 871 135,647
134,934
10,912
10,868
10,732
4679
756
4,685
849
4,572
875
11,763
11,616
11,577
11,922
11,797
112 892 111 578 111 088 111 080 113 390
112 999
113,623
113,737
112,645
4013
4 149
4028
3828
3610
4025
3522
3700
3785
4073
4087
279 265 28l'869 279 860 280 367 278834 280 875 280 604 282 896 279 079 281 557 277 591
134,832 134,068 132,892 132,455 131,633 131,600 130,641 131,782 130,972 131,786 132,628
144 433 147 801 146 968 147 912 147 201 149 275 149 963 151 114 148 107 149 771 144 963
4344
276 669
132,574
144,095
54,401
54,455
12,658
12,088
11,958
115 373 115 428 113 656
11,998
11,888
11,967
11,859
59 764
57190
48098
56,453
68,845
65,692
6,172
4,468
5,904
4,795
5,869
5,000
4,992
'4,864
61,183
4,335
20911
1 543 2 185
1 534 1 542 1 651 1980
1 647 1 531 2016
r
689
541
693
516
553
555
7,035
517
669
605
r
545
424
605
495
381
432
519
436
5,641
438
1376
930
1 256
1 245 1 100
1 136
1 169 1 143
13509
932
r
466
366
451
398
432
374
4808
325
393
'488
43 961 0 r3r 252 2 27466 29025 3 515 7 34266 7609 1 36850 33772 40995
712.2
436.5
7558
5928
5308
4455
8*3752
'9177
4882
8790
168.2
126.9
256.0
134 3
18625
830
1602
2131
1350
1340
326.0
7489 1,529.5
9,2690 1,388 7
5045
2134
8568
2085 24007
r
2240
2008
3210
1668
301 0
2005
27402
1459
2656
2789
2076
1347
1120
19583
3295
1796
1844
2393
955
195 1
4,644
1725
519
432
1022
364
19738
502.5
93.1
264.2
2077
866
5,613
4,579
1 759 2103
596
517
472
422
1,176
870
370
324
38679 3 446 6
867.5
782.6
131.7
170.5
611.7
250.2
257.5
1561
118.5
83.9
5,390
1,993
559
483
1,171
386
2,921 1
852.1
134.9
386.0
415.6
194.7
552
429
741
431
249
274
594
1,260
682
813
845
268
'558
r
430
r
704
r
403
r
247
r
280
r
647
1,268
'692
r
789
r
877
262
557
436
753
433
246
279
633
1,274
684
771
875
253
662 047 702 101
55750
61062
61263
59020
63652
59880
59407
55886
59227
56894
58598
57789
52531
55647
55476
57310
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS t
Prices received, all farm products
1910-14=100..
Crops#J
do
Commercial vegetables
do
Cotton
do
Feed grains and hay
do....
Food grains. . .
do
Fruit.............
do....
Tobacco
do
Livestock and products #
do....
Dairy products.....
do.. .
Meat animals
do
Poultry and eggs
do
Prices paid:
Production items
do....
All commodities and services, interest, taxes,
and wage rates (parity index) .1910-14=100..
Parity ratio §
do
CONSUMER PRICES 0
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
ALL ITEMS, WAGE EARNERS AND
CLERICAL WORKERS, REVISED
(CPI-W)..
1967-100
ALL ITEMS, ALL URBAN CONSUMERS
(CPI-U)
1967= 100 ..
Special group indexes:
All items less shelter
do....
All items less food.
do....
All items less medical care
do....
See footnotes at end of tables.
586
520
638
474
385
365
678
1,496
654
779
802
271
561
460
645
462
310
300
622
1,341
666
764
817
293
557
477
586
480
357
361
552
1,411
640
759
787
265
557
482
613
490
355
372
549
1,386
635
746
769
284
551
492
733
500
356
368
535
1,379
612
734
742
263
562
497
719
494
370
327
603
1,374
630
734
777
266
556
474
591
494
347
270
665
1,374
641
728
798
271
571
458
585
519
308
247
632
1,374
689
734
857
322
572
436
608
395
274
249
673
1,243
715
746
887
345
559
421
648
404
243
250
650
1,321
705
777
874
314
555
420
653
398
240
253
680
1,265
697
801
848
318
568
444
729
453
250
266
710
1,273
699
820
848
310
551
430
600
462
254
271
629
1,273
677
820
824
283
874
839
858
(2)
838
836
824
829
1,120
52
1,097
51
1,107
50
(2)
1,095
50
1,097
52
1,089
51
1,091
50
318.5
323.4
323.2
321.4
320.4
321.4
323.0
322.9
323.4
324.9
325.0
325.4
325.7
327.7
329.0
330.5
322.2
328.4
327.5
326.0
325.3
326.3
327.9
328.0
328.6
330.2
330.5
330.8
331.1
333.1
334.4
335.9
303.9
323.3
317.7
306.7
328.6
322.6
307.4
328.5
322.2
305.2
326.6
320.5
303.6
325.7
319.7
304.7
326.7
320.6
306.5
328.6
322.2
306.1
328.0
322.1
306.4
328.1
322.6
307.9
330.0
324.2
307.8
330.2
324.4
308.0
330.4
324.5
308.3
330.6
324.8
310.3
332.2
326.7
311.5
333.6
328.0
312.9
335.4
329.4
(2)
S-6
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
SURVEY OF CURRENT BUSINESS
,, ' ..
1985
April 1987
1987
1986
Annual
1986
Mar.
Feb.
Apr.
May
June
Aug.
July
Nov.
Oct.
Sept.
Jan.
Dec.
Mar.
Feb.
COMMODITY PRICES—Continued
CONSUMER PRICES t— Continued
(U.S. Department of Labor Indexes) — Continued
Not Seasonally Adjusted
All items (CPI-U)— Continued
Commodities
1967—100
Nondurables
do
Nondurables less food
do
Durables
do
Commodities less food
do....
Services
do
Food # . .
do
Food at home
do
Housing
do
Shelter #
do
Rent, residential
.... do.
Homeowners' cost
Dec. 1982=100..
Fuel and utilities #
1967-100
Fuel oil, coal, and bottled
gas
do
Gas (piped) and electricity
do
Household furnishings and operation
do
Apparel and upkeep
do
Transportation
do
Private. ...
.
do
New cars
do
Used cars
.
do
Public
do....
Medical care.
do ....
Seasonally Adjusted f
All items, percent change from
previous month...
Commodities
1967—100
Commodities less food
do
Food
do
Food at home . . . .
do
Apparel and upkeep
do
Transportation
do.
Private
do . ..
New cars
do
Services
do
PRODUCER PRICES §
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
All commodities
1967=100 ..
By stage of processing:
Crude materials for further
processing . . .
do
Intermediate materials, supplies, etc
do
Finished goods #
do
Finished consumer goods
do....
Capital equipment
do
By durability of product:
Durable goods
do
Nondurable goods
do ,
Total manufactures
do
Durable manufactures
do
Nondurable manufactures . . .
do
Farm products, processed foods and
feeds
do
Farm products
do
Foods and feeds, processed
do
Industrial commodities
do
Chemicals and allied products
do....
Fuels and related prod., and
power
do
Furniture and household durables
do....
Hides, skins, and leather products.
do....
Lumber and wood products
do
Machinery and equipment
do...
Metals and metal products
do...
Nonmetallic mineral products
do ...
Pulp, paper, and allied products
do...
Rubber and plastics products
do...
Textile products and apparel...
do
Transportation equip. #
Dec. 1968—100.
Motor vehicles and equip
1967—100
Seasonally Adjusted t
Finished goods, percent change from previous
month
By stage of processing:
Crude materials for further processing
1967 — 100
Intermediate materials, supplies, etc
do...
Finished goods #
do...
Finished consumer goods
do
Foods
do
Finished goods, exc. foods. . .
do
Durable
do
Nondurable
do .
Capital equipment
do
PURCHASING POWER OF THE DOLLAR
As measured by:
Producer prices
1967=41.00.
Consumer prices
do
See footnotes at end of tables.
2867
2932
277 2
2707
272.5
381 5
3098
2968
3499
3820
2646
113.1
3936
2839
2896
2622
2702
263.4
4005
3197
3053
3602
4029
2800
119.4
3847
2874
2943
274 5
2705
270.9
3933
3153
301 5
3565
3948
2737
117.0
3900
2837
2895
2656
2697
265.2
3949
3154
301 2
3570
3970
2750
117.9
3855
281 2
2863
2592
2692
261.2
3968
316 1
301 5
3580
4001
277 9
118.7
3818
282 1
2874
2605
2696
262.1
3979
317 0
302 1
3585
4009
2784
118.9
3825
2828
2882
2618
2699
263.0
401 0
317 1
301 6
3612
4016
2794
119.0
3938
281 9
287 1
2573
2696
260.2
4023
320 1
3055
361 5
4035
2812
119.4
3894
281 9
287 4
2556
2690
259.0
4037
3227
3089
3624
4052
2817
119.9
3895
2835
2894
2589
2693
261.1
4055
3232
3090
3637
4076
2832
120.7
3883
283 6
289 0
2578
2705
260.9
406 1
3237
3095
3630
4095
2846
121.3
3791
2840
2892
2574
2718
261.2
406 1
3246
3099
3617
4102
2856
121.5
371 1
2842
2895
2575
2717
261.2
4066
3252
3102
362.1
410.4
286.0
121.6
371.0
2863
2921
2592
272.4
262.5
4086
3289
3152
363.9
412.3
287.1
122.0
373.7
287 7
294.6
262.6
271.2
264.0
4099
3301
316.6
365.1
414.0
288.0
122.5
374.8
2895
2968
266.4
271.7
266.5
411 2
3300
315.8
366.4
415.9
288.3
123.0
374.9
6195
4527
501 5
4467
591 2
4445
549 9
4423
5183
439 2
4968
4446
4866
4660
4594
4623
4473
4645
4535
461 1
451 9
441 4
4520
4267
4606
4253
4879
4288
503.2
428.9
500.6
428.7
2472
2060
3199
3142
2152
3797
402.8
403.1
2504
207 8
307 5
2995
2244
3632
426.4
433.5
2490
204 1
319 2
3122
2204
3707
422.2
422.3
2498
2063
3096
302 1
2203
3672
421.2
425.8
2496
2073
303 3
2953
2212
3648
422.2
428.0
2499
2064
3057
2978
2230
3636
423.7
429.7
2502
204 5
308 6
3008
2242
3625
425.4
432.0
2505
2032
3047
2965
2247
3603
428.0
434.8
2505
2070
3013
2928
2247
3580
428.0
437.5
2515
212 1
3022
2937
2245
3595
428.5
439.7
2516
2132
3026
2941
2271
3606
428.7
442.3
251.2
213 1
3043
2958
2307
361.0
431.7
444.6
252.4
2109
3048
2959
232.2
356.6
437.5
446.8
253.1
2071
308.5
299.8
233.0
354.6
438.9
449.6
253.5
208.4
310.0
301.3
230.2
356.9
439.8
452.4
254.3
215.2
310.6
301.9
229.4
363.0
441.4
455.0
-3
2873
271 6
3146
3002
2067
319.6
312.7
2196
3942
-.4
2838
2664
3144
2994
2064
311.6
304.2
2203
3961
-.3
2808
261 6
315 1
2999
2069
303.8
295.9
221 3
3980
.2
2818
2624
3165
3013
2069
305.7
297.8
2228
3986
.4
2828
2634
3174
3019
2063
308.1
300.3
2242
4007
.0
2822
2612
3202
3056
2071
304.2
296.0
2252
4017
.2
2822
2599
3227
3087
2080
301.3
292.9
2259
4030
.3
2832
2608
3239
3099
208.9
302.2
293.8
226 4
4039
.2
2832
2602
3252
311.1
209.0
302.5
294.1
2280
405.3
.2
2836
260.1
326.5
312.3
209.6
303.6
295.1
229.7
406.7
.2
283.9
260.2
327.2
312.6
209.5
303.6
294.8
230.9
407.8
.7
286.6
263.5
328.6
314.0
210.4
308.3
299.6
231.8
409.6
.4
287.9
264.8
329.6
315.3
211.8
309.8
301.2
229.3
411.1
.4
289.3
267.0
329.2
314.1
215.4
311.8
303.2
229.4
412.6
298.7
298.1
300.9
302.7
302.8
308.7
299.8
304.4
300.3
298.2
299.2
299.0
297.4
297.2
297.5
298.4
306 1
2800
2890
281 1
2737
2794
2769
277 7
2763
2754
2772
r
2792
274.8
284.0
288.8
287.7
r
304.8
2907
'285.1
r
310.4
305.0
289.9
284.2
310.1
307.1
291.7
286.2
311.2
308.9
292.3
287.1
310.5
309.4
292.3
287.2
310.3
3187
2937
291.8
3005
3076
2896
284.9
3065
3135
291 9
288.4
3043
3095
2880
283.4
3043
3071
287 2
281.9
3056
3067
2889
284.1
3057
3068
2893
284.5
306 1
3048
287 6
282.3
3064
304.5
288 1
283.0
3062
306.1
2873
282.5
3039
304.8
2907
285.2
3099
2973
3172
3043
298 1
3105
3000
2987
2976
3009
2940
2984
3084
301 1
2993
3029
2986
3007
297 3
2994
2949
2997
2960
296 1
300 5
291 2
2996
2979
2967
3004
2926
2997
2977
2969
3005
293 0
3000
294.5
2952
3009
289 1
299.9
294.2
2955
3008
289.7
298.8
295.6
2960
2996
292.1
302.2
294.4
2970
303 1
290.4
r
302.4
r
294.8
r
2971
r
302.1
294.0
2972
302.9
290.9
303.0
298.2
299.3
303.7
294.4
303.5
301.0
300.7
304.1
296.9
303.9
300.8
300.9
304.6
296.8
250 5
2305
2604
3238
303.2
2520
2247
2651
312 1
299.7
2483
221 8
261 4
3189
303.7
247 3
2202
2607
3140
303.8
2462
2186
2599
311 6
300.2
2508
227 0
2623
311 6
298.5
2498
2226
2632
311 8
298.4
2542
2286
2668
3085
298.4
2555
2270
2696
3079
297.0
2540
224.1
269.0
3087
297.5
2548
227.4
268.4
309.6
298.2
r
255.5
r
254.6
226.8
268.4
309.3
297.5
251.5
220.2
267.0
313.6
300.9
251.9
221.2
267.1
315.7
301.8
251.9
222.7
266.4
315.8
304.5
6336
221.6
286.1
3036
298.9
314.9
347.8
327.2
245.9
2104
2695
267 3
4835
223.9
296.7
3053
303.3
311.3
352.0
335.3
246.1
2111
2762
2744
5670
223.0
294.1
2971
301.6
311.2
352.3
331.1
247.5
2109
2738
2708
5121
223.2
293.6
301.2
302.0
311.2
352.4
331.3
246.7
2114
2735
2702
4824
223.6
295.0
308.6
302.7
311.0
352.8
332.8
246.7
2111
275.5
2729
4838
224.1
296.5
308.1
302.9
310.6
353.6
333.8
246.3
2112
275.1
2726
484.7
224.2
297.9
306.0
303.1
310.7
353.0
334.2
246.1
2111
275.4
2730
444.3
224.1
297.4
306.8
303.9
310.4
352.9
335.2
245.4
2114
275.7
2733
438.4
224.2
297.0
307.2
304.1
311.1
351.8
336.4
246.2
2112
274.7
2720
452.6
224.2
296.4
308.8
304.2
311.7
351.4
337.8
245.7
211 1
268.4
264 2
438.8
224.6
297.8
307.1
304.5
311.9
351.3
339.4
245.1
211.2
282.6
2843
r
438.5
r
224.9
r
299.3
r
307.5
304.9
'312.0
r
351.1
r
340.4
244.4
211.3
r
282.4
r
2839
435.9
225.0
301.5
306.7
305.0
311.8
349.8
340.6
244.9
211.0
281.7
2829
462.4
225.1
300.7
307.9
305.9
313.2
350.4
344.1
245.3
211.6
282.3
2829
476.2
225.6
301.9
312.1
306.6
313.8
351.5
346.8
245.7
211.8
281.9
278.1
472.2
225.8
305.7
314.3
306.8
314.4
350.7
347.5
244.8
212.4
282.5
2782
15
9
5
8
4
3
3
0
1
6
.1
4
287 3
3138
291.5
2881
2700
2923
2432
329.3
3038
2809
310.3
288.9
2845
2705
2868
2437
319.2
304 3
273 2
307.3
287.4
2823
2717
2829
245.7
311.0
305 1
279 1
306.8
288.8
2841
2755
2836
2455
3124
3055
277 2
306.6
289.4
2847
2759
2842
2459
3132
306 1
2767
304.7
287.2
2817
2796
277.9
246.4
301.7
3063
277 2
304.5
288.3
2831
2835
277.9
246.3
301.9
3066
2768
305.7
289.1
2838
2833
279.1
247.6
303.0
3076
2809
304.8
290.1
2848
2859
279.2
251.0
300.7
3087
r
2790
r
2853
279.4
252.2
r
300.1
r
3098
2744
304.8
289.9
2842
284.1
279.3
252.1
299.9
3101
2823
307.6
291.7
286.2
279.0
285.1
252.4
308.9
3108
2874
309.2
291.9
286.8
277.7
286.5
249.7
312.9
3100
2877
310.2
293.2
2883
279.1
288.1
249.6
315.5
3103
.343
305
.347
307
.348
307
.346
306
.346
305
.348
305
.347
304
.348
303
.344
303
.344
302
.345
302
.343
300
.342
299
.342
298
.340
310
.345
304
1
3033
290.5
230.1
267.9
309.8
r
298.6
304.7
290.2
r
2847
r
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
S-7
SURVEY OF CURRENT BUSINESS
April 1987
., ..
units
Annual
1985
1987
1986
1986
Feb.
Mar.
May
Apr.
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE ®
New construction (unadjusted), total
mil. $ 355 571 r377 906
Private, total #
do
292 792 r306 698
Residential
do
158 817 175 596
New housing units
do
115 974 133 880
Nonresidential buildings, except farm and
public utilities, total # .. .
mil $
95317 93 484
Industrial
do
15 769 13653
Commercial
do.... 59,628 58,556
Public utilities:
7 480
Telephone and telegraph
do
7484
Public, total #
do
62780 '71 208
Buildings (excl. military) #
do.... 20,172 '24,011
Housing and redevelopment
do
1 512 1 470
Industrial
do
1968
1 646
r
3,894
Military facilities
do....
3,283
Highways and streets
do
19998 21 260
New construction (seasonally adjusted at
annual rates), total
. ..bil. $ .
Private, total #
do
Residential
do
New housing units
do
Nonresidential buildings, except farm and
public utilities total #
bil $
Industrial
.
do
Commercial
..
do
Public utilities:
Telephone and telegraph
do
Public, total #
do
Buildings (excl. military) #
do
Housing and redevelopment . . . .
do
Industrial
do ..
Military facilities
do
Highways and streets . .
do
CONSTRUCTION COST INDEXES
Dept. of Commerce composite $
....1982—100..
Boeckh indexes:
Average, 20 cities:
Apartments,
hotels,
office
buildings..
.
1982—100
Commercial and factory buildings
do....
Residences
do
Engineering News-Record:
Building
...v.
....1967= 100 ..
Construction
..
do
Federal Highway Adm. —Highway construction:
Composite (avg for year or qtr )
1977 — 100
See footnotes at end of tables.
26943
22560
12*273
9368
28750
23603
12 840
10 177
31 988
25960
15 049
11 336
34665
27 943
16737
12 303
34945
27805
16564
12 925
36282
28723
17338
13 119
36378
28615
16992
13008
7326
1208
4,577
7303
1057
4,637
7678
1 149
4,865
7 702
1 123
4,823
7860
1 113
4,928
7969
1097
5,060
8235
1084
5,261
583
4384
1,618
95
142
306
981
652
5148
1,804
133
151
310
1 409
634
6028
1,867
119
159
303
1991
704
6722
2,024
107
122
313
2380
7 140
2,232
127
149
296
2567
624
7 559
2,351
140
125
344
2672
659
7763
2,392
139
169
421
2584
373.9
3057
1647
1247
3680
2989
1656
1265
3739
303 3
170 5
1294
374 5
3026
1725
1324
3754
3046
1745
1352
3807
3090
1788
1366
3826
3102
1788
1378
382.6
3086
1785
1385
1005
164
635
946
134
607
948
146
598
919
137
574
91 5
130
574
926
129
581
944
125
60 1
933
132
580
32 936
26 884
16 001
12154
r
29 183
'24 042
13 408
10 238
8307
1 177
5,069
7 814
1 156
4,793
7333
1 110
4,456
717
l 088
'2,333
130
117
r
295
2350
r
593
6053
'2,229
141
18
1
'332
1 561
r
'388.4
3153
1870
1394
'383.1
r
311 7
1857
1402
8423
1207
5,263
513
3980
1,544
107
142
331
807
36 018
28 930
17*296
12822
r
r
r
r
r
91 8
129
562
r
r
r
r
904
135
549
r
r
25 075
'20 396
11 832
'9486
r
24,744
20134
11,337
8861
6028
'792
'3,700
6,194
775
3,827
625
5141
'2,085
118
120
r
358
1 054
494
'4,679
1,984
'122
'136
'333
'916
4,610
1,932
119
116
305
853
r
378.5
'305 5
181 5
1378
'374.8
'2997
181 5
'139 2
378.4
3004
1794
138.3
884
126
'544
'81 6
'106
'504
846
107
526
'7 5
730
270
14
14
r
43
190
73
'751
'264
15
1.6
'40
'227
780
273
1.4
1.4
37
233
1,744 9
1741 8
1,072.4
18070
18054
1,179.4
75
74
79
215
13
17
40
223
692
215
11
17
37
227
706
226
16
18
37
232
76
71 9
226
14
19
36
232
78
708
226
13
15
38
220
75
717
245
15
18
36
21 6
72
724
249
17
15
41
216
74
740
259
17
20
50
206
16 152
157
4477
11 675
19 617
151
r
4548
15 068
22438
165
5384
17054
21 589
*153
5236
16 352
21 649
159
5655
15994
21 835
157
5906
15929
20489
155
5165
15325
19852
155
4908
14943
21 076
151
5211
15865
17367
156
3753
13614
17 163
155
4418
12745
15 759
150
3865
11894
14594
145
3411
11,183
21684
160
5,674
16,009
5534
7208
3,410
r
6 382
10 002
r
3,233
6634
11791
4,012
6482
11*252
3,854
6761
10977
3,911
6970
10840
4,025
6788
10 145
3,556
6876
9950
3,026
7 124
10636
3,316
6624
8361
2,382
5584
8034
3,545
5800
7350
2,608
4700
7,518
2,375
7290
10,628
3,766
16793
17478
12929
17953
12525
16767
16591
13 409
107 2
1072
65.1
1511
151 0
97.0
188 3
1882
118.4
1867
1866
126.1
1836
1836
124.9
1722
1720
113.5
1638
1638
109.4
1543
1540
102.5
1549
1548
100.9
1157
1156
77.5
113 1
1130
72.2
105.1
'105 1
'69.2
101.8
'1018
'71.4
143.2
1431
102.2
1923
1183
CONSTRUCTION CONTRACTS
Construction contracts in 50 States (F.W. Dodge
Division, McGraw-Hill):
Valuation, total'..
mil $ 232 277 243 254
Index (mo. data seas. adj.).....
1982=100..
'148
'155
Public ownership
mil $
54601 59367
Private ownership....
.do.. . 177,676 183 887
By type of building:
Nonresidential
do
83 151 81304
Residential
do
108 662 120 637
Non-building construction
do.... 40,464 41,314
New construction planning
(Engineering News-Record) §
do
206 622
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total (private and public)
......thous .
Privately owned
do
One-family structures
do....
Seasonally adjusted at annual rates: 0
Total privately owned ..
.do...
One-family structures
.do ....
New private housing units authorized by building
permits (17,000 permit-issuing places): f
Monthly data are seas. adj. at annual rates:
Total..
. . thous
One-family structures
do....
Manufacturers' shipments of mobile homes:
Unadjusted
thous
Seasonally adjusted at annual
rates
.do ....
24608
20 628
10456
8040
1887
1 195
1945
1220
1 848
1219
1 842
1212
1786
1 147
1 800
1 180
1689
1123
1657
1114
1637
1,129
1,813
1,233
1,816
1,253
'1,833
1,299
1,774
1,245
1,763
1,227
1,757
1,132
r
r
76
732
265
16
1.4
r
35
205
72
'71 5
266
17
14
r
40
184
r
r
r
1733
957
1762
1,075
1808
1,033
1 834
1,043
1 885
1,139
1 788
1,092
1792
1,121
1759
1,093
1 673
1,039
1603
1,047
1 565
1,006
1613
991
1910
1,168
1690
1,091
2839
2443
187
205
229
225
214
203
21 6
21 5
231
172
158
160
163
265
241
251
239
232
238
231
243
241
237
251
'242
231
1106
1109
1120
1128
1129
1124
1123
1124
111 4
1109
1106
1109
1094
1117
1130
111.3
115 1
1149
113.2
1173
358.7
3901
367.3
3985
1721
1716
1142
112.8
1166
362.0
3938
362.3
3939
1757
114 4
112.9
1168
363.8
3949
367.5
3980
1156
113.8
118 1
114 9
113.3
1173
368.4
3995
1690
369.3
4024
368.8
4023
370.0
4025
1760
1108
1166
114.3
1190
116 1
114.0
118 6
371.4
4042
371.3
4040
371.5
4048
1670
372.0
405 1
371.4
4049
2
372.4
2
4055
S-8
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
SURVEY OF CURRENT BUSINESS
n 't
units
Annual
1985
April 1987
1987
1986
1986
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
CONSTRUCTION AND REAL ESTATE—Continued
REAL ESTATE 0
Mortgage applications for new home construction:
27.5
FHA applications
thous. units..
22.3
17.9
16.7
39.1
24.8
51.0
325.5
180.8
41.0
16.2
20.2
24.7
26.9
18.9
21.7
289
Seasonally adjusted annual rates. .
do
302
255
548
441
336
242
455
280
314
252
232
228
243
18.0
Requests for VA appraisals
do
13.2
14.1
27.3
21.2
16.9
28.6
243.4
215.0
14.5
23.2
24.3
13.5
20.7
17.5
19.3
213
Seasonally adjusted annual rates
do....
185
220
326
291
228
215
208
258
277
241
203
211
238
Home mortgages insured or guaranteed by:
r
Fed. Hous. Adm.: Face amount
.
mil. $.. 23,963.94 56,901.44 3,276.93 4,032.79 3,390.61 5,277.44 3,944.51 4,434.27 6,551.19 '5,309.03 5,075.74 6,926.72 '5,531.23 5,898.49
Vet. Adm.: Face amount §
do 13,047.56 24,721.62 1,242.44 1,621.70 1,298.65 1,742.12 2,396.95 1,942.20 2,656.80 3,466.86 2,024.13 2,257.13 2,768.00 2,718.07 3,254.93 4,419.78
Federal Home Loan Banks, outstanding advances
to member institutions, end of
period
mil $
94,840
91,882
87,231 91,107
86,892
88,835 108,645
97,373 98,360 99,036 100,310 101,109 108,645 104,250 104,376 106,760
New mortgage loans of all operating thrift
r
r
institutions, estimated total @
mil. $..
15,986
15,291
267,662 13,578 17,027 20,013 '22,314 '27,120 '25,623 '25,767 '25,187 '25,209 19,932 '31,834
By purpose of loan:
1,896
Home construction
do
1,579
'2,957
'2,107
'2,461
'2,733
'2,637
'2,231
'2,739
'2,260
1,850
'2,712
'2,489
'29,060
11,783
Home purchase *
do
11,881
'9,160 11,595 13,764 16,939 '20,329 19,903 '20,013 19,383 19,017 15,066 '22,868
197,073
r
r
r
2,207
1,929
All other purposes *
do....
'6,008
'2,758
'3,480
'3,294
'4,153
'3,143
'3,314
'2,987
'3,509
3,171
2,569
41,523
DOMESTIC TRADE
ADVERTISING
Magazine advertising (Leading National
Advertisers):
Cost, total
mil $
Apparel and accessories
do
Automotive, incl accessories
do
Building materials
.
do
Drugs and toiletries
do
Foods, soft drinks, confectionery
do
Beer, wine, liquors
. .
do
Houshold equip., supplies, furnishings
..do.
Industrial materials
do
Soaps, cleansers etc
do
Smoking materials
do
All other
do
Newspaper advertising expenditures (Newspaper
Advertising Bureau, Inc.):
Total
mil $
Classified
do
National
~ .*
do
Retail
do
WHOLESALE TRADE t
Merchant wholesalers sales (unadj.),
total
mil $
Durable goods establishments
do
Nondurable goods establishments
do. ..
Merchant wholesalers inventories, book value,
end of period (unadj.), total
mil $
Durable goods establishments
do....
Nondurable goods establishments
do ....
25,170
8,376
3,352
13,443
2,220
781
291
1,147
2,259
793
294
1,172
2,306
799
304
1,203
2,321
839
309
1,173
2,073
794
227
1,053
2,309
860
258
1,191
1,374,752 1,381,311 102,696 114,130 116,010 115,102 114,783 115,561 112,208 118,772 124,995 113,152 121,499 110,564
'630,312 '664,108 '47,660 '53,521 '56,615 '55,672 '56,448 '56,415 '54,282 '58,368 '62,287 '54,350 '58,033 '51,319
'744,440 '717,203 '55,036 '60,609 '59,395 '59,430 '58,335 '59,146 '57,926 '60,404 '62,708 '58,802 '63,466 '59,245
111,921
52,444
59,477
145,603 148,245 145,928 146,987 146,788 144,662 145,977 146,279 145,882 147,964 149,009 148,804 148,245 149,548
'92,784 '95,353 '93,588 '94,505 '95,574 '95,647 '96,472 '97,005 '96,958 '97,991 '97,153 '97,210 '95,353 '95,895
'52,819 '52,892 '52,340 '52,482 '51,214 '49,015 '49,505 '49,274 '48,924 '49,973 '51,856 '51,594 '52,892 '53,653
150,661
96,337
54,324
RETAIL TRADE *
All retail stores:
Estimated sales (unadj.), total
mil $ 1,373,941 1,445,798
Durable goods stores #
do . 514,207 563,442
Building materials, hardware, garden
supply, and mobile home dealers
mil. $.. 74,062
85,842
Automotive dealers
do
312,793 337,380
Furniture, home furnishings,
and equipment
do
68,112
76,516
Nondurable goods stores
do
859,734 882,356
General merch. group stores
do.... 159,456 165,489
Food stores
do
282,198 293,849
Gasoline service stations
do .... 100,767
86,151
Apparel and accessory stores
do.... 69,673 75,219
Eating and drinking places
do.... 131,035 141,660
Drug and proprietary stores
do.... 46,014 49,176
Liquor stores
do
17,722
17,802
Estimated sales (seas, adj.), total ...
do
Durable goods stores # . .
do
Bldg. materials, hardware, garden supply, and mobile home dealers #
mil $
Building materials and
supply stores
do
Hardware stores
do
Automotive dealers
do
Motor vehicle and miscellaneous
auto dealers
do
Auto and home supply
stores
do
Furniture, home furnishings,
and equipment #
do
Furniture, home furnishings stores
do
Household appliance, radio, and
TV stores
do...
See footnotes at end of tables.
1,902
671
255
975
99,661 114,236
42,843
37,469
115,710
46,098
125,421
49,856
120,351
48,810
120,736
48,228
124,059
48,702
124,645
54,332
123,055
48,012
120,789
43,994
151,493
56,113
105,361
37,141
104,035
39,729
4,996
23,328
6,401
26,241
7,702
28,242
8,129
30,576
8,128
29,740
8,033
29,001
7,780
29,236
7,780
35,101
7,935
28,187
6,785
24,296
6,780
29,621
5,527
20,708
5,317
24,044
5,101
62,192
9,550
21,813
7,122
4,401
9,826
3,619
1,242
117,090
44,059
5,717
71,393
12,661
24,213
7,173
6,128
11,309
3,997
1,395
116,684
43,279
5,684
69,612
12,498
23,354
6,941
5,737
11,663
3,865
1,366
117,715
44,874
6,094
75,565
14,017
25,635
7,442
6,313
12,377
4,118
1,496
118,675
45,554
6,089
71,541
12,755
24,206
7,451
5,680
12,250
3,994
1,489
118,960
45,596
6,360
72,508
12,245
25,459
7,390
5,533
12,648
4,030
1,563
119,804
46,312
6,512
75,357
13,922
25,207
7,110
6,606
13,140
4,060
1,518
121,523
47,912
6,414
70,313
12,540
23,662
6,873
5,992
11,849
3,899
1,387
128,331
54,617
6,652
75,043
13,761
25,101
7,022
6,349
12,471
4,101
1,460
121,655
47,679
7,099
76,795
16,541
24,565
6,675
7,067
11,594
4,033
1,452
121,062
47,019
9,229
95,380
25,616
26,686
6,885
10,719
12,195
5,632
1,991
126,938
52,186
6,072
68,220
10,090
24,864
6,685
5,035
11,490
4,178
1,289
117,519
42,930
5,726
64,306
10,152
22,504
6,271
4,617
11,076
3,969
122,291
46,716
6914
7,143
7,384
6,947
6,998
7,080
7,205
7,350
7,317
7,162
7,305
7,178
7,304
5,060
953
26,115
5,121
974
25,026
5,451
948
26,357
5,107
933
27,164
5,087
984
27,101
5,202
976
27,430
5,259
995
28,773
5,278
987
35,318
5,314
994
28,434
5,328
979
27,749
5,504
964
32,521
5,425
1,002
23,523
26,912
24,082
23,029
24,369
25,151
25,096
25,436
26,729
33,262
26,390
25,724
30,592
21,520
24,874
2,033
1,997
1,988
2,013
2,005
1,994
2,044
2,056
2,044
2,025
1,929
2,003
5,981
6,049
6,099
6,262
6,378
6,507
6,516
6,515
6,522
6,664
6,663
6,529
3,292
3,329
3,338
3,373
3,404
3,470
3,488
3,512
3,515
3,535
3,552
3,459
2.257
2.268
2.301
2.426
2.509
2.557
2.538
2.487
2.502
2.590
2.583
2.557
6,705
::::::::
SURVEY OF CURRENT BUSINESS
April 1987
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
,, ..
tiniis
Annual
1985
S-9
1987
1986
1986
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
73611
14083
12 134
678
24283
22902
6759
6411
73714
13850
11 941
662
24661
23252
6839
6320
73 976
13898
11 929
699
24800
23379
6831
6352
74043
13775
11 852
659
24925
23524
6846
6357
74752
13,919
11 911
684
25121
23660
6 770
6,471
74,589
14,136
12089
737
24 872
23521
6,899
6,276
75,575
14,340
12326
756
740
730
759
748
2780
2695
2670
2668
1,012
977
971
960
11945 12073 12 140 12508
4,212
4171
4,180
4,161
1 471 1 482 1 421 1415
2,696
1,008
12 571
4,294
1394
Mar.
DOMESTIC TRADE—Continued
RETAIL TRADE t— Continued
All retail stores— Continued
Estimated sales (seas, adj.)—Continued
Nondurable goods stores
.mil $
General merch. group stores
do. ..
Department stores
do
Variety stores. .
do
Food stores
do
Grocery stores
do
Gasoline service stations
do
Apparel and accessory stores #
do ....
Men's and boys' clothing and
furnishings stores .
do
Women's clothing, specialty stores,
and furriers
do
Shoe stores
do
Eating and drinking places
do
Drug and proprietary stores
do....
Liquor stores ......
do
Estimated inventories, end of period:
Book value (unadjusted), total
. .mil $
Durable goods stores #
do ..
Bldg. materials, hardware, garden supply, and mobile home dealers
do
Automotive dealers
do
Furniture, home furnishings,
and equipment
...do ..
Nondurable goods stores #
do
General
merch. group
stores............
do
Department stores
do....
Food stores
do...
Apparel and accessory
(Stores
do
Book value (seas, adj.), total
do .
Durable goods stores #
do....
Bldg. materials, hardware, garden supply, and mobile home dealers .
do
Automotive dealers
do
Furniture, home furn.,
and equip
do
Nondurable goods stores #
do
General merch. group stores
do....
Department stores
do
Food stores
do
Apparel and accessory
stores
do
Firms with 11 or more stores:
Estimated sales (unadjusted),
total
mil $
Durable goods stores
do ....
Auto and home supply
stores..
do
Nondurable goods stores #
do
General merchandise group
stores
do
Food stores
.. .
do
Grocery stores
do
Apparel and accessory stores.. .
do
Eating places
do
Drug stores and proprietary
stores
do
Estimated sales(sea. adj.), total*
do. .
Auto and home supply stores
do. ..
Department stores. .
do
Variety stores
do
Grocery stores
.. .
do
Apparel and accessory stores
do
Women's clothing, specialty stores,
and furriers.
do
Shoe stores
do
Drug stores and proprietary
stores
do....
73031
13537
11 450
743
24 211
22897
8002
6010
73405
13801
11705
803
24463
23 131
7 615
6189
72841
13860
11774
774
24 126
22825
7112
6205
73121
13,730
11 716
737
24233
22906
7190
6211
732
752
770
759
2553
2548
2562
2499
951
941
'937
926
11 307 11 400 11 651 11 710
4,089
4,022
4017
3,947
1 489 1 520 1 493 1 497
73364
13766
11784
711
24398
23063
7 144
6283
73 492
13873
11926
643
24486
23 151
6932
6257
754
751
2632
2625
955
954
11 722 11 810
4,155
4,118
1 519 1 499
760
2679
1025
11 956
4,168
1 464
160,372
81,979
167 246
85919
167 319
87254
172 790
90722
174,427
91,285
171,387
89,146
13176
42404
13510
43916
13980
46462
14575
48581
14897
48099
14624
46 396
14377
46473
14315
45907
14 129
41481
14439
38451
14 179
43463
14018
44650
13946
81 327
12,641
80065
12917
82068
13,192
83142
13,072
82241
13,419
81 086
13,264
81 869
13635
83738
13,982
88380
14,653
94314
14880
94393
13,946
81327
28002
22,086
16,278
28721
23,266
17,012
29244
22,954
16,201
30616
24,268
16290
31,608
25,225
16,135
31115
24,913
16,299
30052
23,978
16,408
30,565
24,223
16,083
31355
24,913
16253
33828
26,984
16,786
37116
29,834
17,649
37048
30,034
17801
28,721
23,266
17,012
14418 14882
165 514 172 692
83,071 87,133
14964
169 379
85,863
15087 15496 16042
171,705 173,529 172 926
88,281 90,271 89380
16684
171 617
86,578
12760
4,333
13 510
43916
12,749
78393
24981
23586
7,038
6,325
15455 15701 15346
171 551 172,158 170,869
88,132 88,263 87,198
170 105 170 438
89,019 88,569
168 529
84791
171 435 183 878
83055 89564
184 993 167,246
90 600 85,919
17 585 17571 14882
176 338 174 788 172,692
90134 89173 87,133
13768
42151
14 147
43654
14022
44250
14192
45961
14324
45,462
14129
44697
14192
45 606
14286
47278
14 157
46090
14541
42440
14279
45702
14319
44874
14 147
43 654
12904
82 443
31,036
24404
16069
14 115
85 559
31,830
25708
16810
12952
83516
31,603
24788
16365
13061
83419
31,498
24865
16323
13258
83 895
31,767
25200
16216
13 151
83671
31,534
25114
16414
13339
83424
31,206
24899
16441
13425
83258
31,174
24870
16411
13 649
83546
30,989
24789
16687
13885
85 039
31,634
25361
16973
14089
86204
32,382
26 147
17 185
14 118
85615
31,883
25714
17 018
14 115
85 559
31,830
25708
16,810
15404
15 934
15653
15611
15812
15804
15798
15668
15681
15784
15857
15887
15934
472 244 490 145
40,049 44294
32703
2554
39075
3116
37 972
3361
41 666
3704
38836
3567
39353
3733
41 598
3710
38559
3582
41 309
3816
44 490
4173
60058
6,299
4895
5456
432 195 445 851
341
30149
412
35 959
451
34 611
466
37962
449
35269
500
35620
494
37888
465
34977
520
37493
501
40 317
496
53759
148 412 155 168
156 131 162 378
154 083 160 145
28120 31 033
28404 30369
8911
12073
11 904
1 726
2 125
11 863
13419
13225
2561
2485
11 690
12835
12677
2318
2459
13 158
14 165
13992
2533
2 588
11 964
13*063
12*897
2340
2 564
11 415
13*947
13*781
2244
2728
13026
13889
13721
2846
2770
11721
13032
12 874
2458
2 554
12806
13*858
13685
2569
2714
15518
13680
13511
2981
2513
24388
15016
14643
4 714
2601
1 939 2213
40282 40 533
436
437
11060 11 266
695
607
13 125 13225
2 497
2 543
2079
40284
443
11 301
641
13 096
2 544
2251
40276
434
11 270
616
13 175
2 542
2 185
40473
433
11 316
594
13269
2 578
2 186
41 024
464
11 482
534
13484
2 597
2222
41 222
475
11 680
544
13347
2 648
2 141
41 111
460
11 480
529
13552
2 614
2238
41225
478
11 457
550
13563
2617
2247
41 215
480
11 372
*529
13661
2619
3440
41,748
471
11495
556
13672
2680
1 111
477
1 113
*482
1 101
507
1 107
503
1 146
508
1 161
518
1 174
547
1 177
496
1 171
488
1 188
495
1 222
514
2,169
2,220
2,224
2,238
2,260
2,268
2,300
2,310
2,326
2,305
2,339
182,713 182,935
119 960 120 448
1,749
1,716
180 997 181 186
118,244 118,699
110 229 110857
7842
8015
183,114
120 374
1,751
181 363
118,623
110751
7872
183,297
119 799
1,750
181,547
118,049
110 588
7461
26016
27224
LABOR FORCE, EMPLOYMENT, AND EARNINGS
LABOR FORCE AND POPULATION
Not Seasonally Adjusted
Noninstitutional population, persons 16
years of age and over
thous ..
Labor force @
do
Resident Armed Forces
do....
Civilian noninstitutional population
do....
Civilian labor force, total
do....
Employed
do
Unemployed
do
Seasonally Adjusted <>
Civilian labor force, total
do....
Participation rate t
percentEmployed total
thous
Employment-population ratio t percent ..
Agriculture
thous ..
Nonagriculture
.
do
Unemployed total
do
Long term, 15 weeks and
over
do....
See footnotes at end of tables.
179,912 182,293
117 167 119 540
1,706
1,706
178,206 180,587
115,461 117,834
107 150 109 597
8312
8237
64.8
65.3
60.1
3,179
103,971
60.7
3,163
106 434
2.305
2.232
181,512
117416
1,691
179,821
115,725
106 685
9041
181,678
118002
1,693
179,985
116,309
107 643
8667
181,843
118 012
1,695
180,148
116,317
108 201
8115
181,998
118 886
1,687
180,311
117,199
109041
8158
182,183 182,354
121 324 121 975
1,672
1,680
180 503 180 682
119,644 120,303
110869 111 832
8775
8471
182,525
121 168
1,697
180 828
119,471
111 515
7955
117,042 117,187 117,292 117,587 118,005 118,117 118,124 118,272 118,414 118,675 118,586
65.4
65.3
65.1
65.4
65.2
65.1
65.4
65.3
65.4
65.3
65.1
108 557 108 807 108 969 109 165 109 613 109 887 110 067 109 987 110 192 110 432 110 637
60.9
60.5
60.9
60.7
60.5
60.5
60.4
60.8
60.9
60.8
60.8
3,252
3,161
3,151
3,199
3,215
3,164
3,124
3,105
3,162
3,142
3,057
105,452 105,555 105,770 106,014 106 449 106 763 107 010 106 845 107 030 107 217 107,476
o 090
8,380
8,422
7,949
8243
8,392
8,485
8,222
8285
8,057
8,230
2.332
2,243
2,130
2,232
2.299
2.250
2.272
2.373
2.168
2.217
2.171
183,738
119707
1,740
181,998
117,967
109 464
8503
183,915
120,089
1,736
182,179
118,353
110 229
8124
119,034 119,349
65.6
65.5
111011 111 382
61.2
61.1
3,236
3,145
107 866 108 146
8,023
7,967
119,222
65.4
111 368
61.1
3,284
108 084
7,854
183,575
119,451
1,748
181,827
117,703
109 084
8620
2.200
2.131
2.050
S-10
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
,...a
Units
1985
April 1987
1987
1986
Annual
Feb.
1986
Mar.
May
Apr.
June
Sept.
Aug.
July
Nov.
Oct.
Mar.
Feb.
Jan.
Dec.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
LABOR FORCE— Continued
Seasonally Adjusted <>
Civilian labor force— Continued
Unemployed— Continued
Rates(unemployed in each group as percent
of civilian labor force in the group):
All civilian workers
Men, 20 years and over
Women, 20 years and over
Both sexes, 16-19 years...
White
Black . . . .
Hispanic origin
Married men, spouse present
Married women, spouse present. .
Women who maintain families
Industry of last job:
Private nonagricultural wage and
salary workers .
Construction
Manufacturing
Durable goods
Agricultural wage and salary workers ....
Not Seasonally Adjusted
Occupation:
Managerial and professional specialty
Technical, sales, and administrative
support
Service occupations . . .
Precision production, craft, and repair....
Operators, fabricators, and laborers
Farming, forestry, and fishing
EMPLOYMENT §
Employees on payrolls of nonagricultural estab.:
Total, not adjusted for seas, variation
thous..
Private sector (excl. government)
.do....
Seasonally Adjusted
Total employees, nonagricultural
payrolls
do
Private sector (excl. government) ..
do....
Nonmanufacturing industries ....
do ....
Goods-producing . . . . . . .
do
Mining
. .
do
Construction
do
Manufacturing
do.
Durable goods
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 . . . .
Electric and electronic equip
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
do....
Transportation and public utilities
do ....
Wholesale trade
do
Retail trade
. . .do.
Finance, insurance, and real
estate
do
Services
do..
Government..
do...
Federal
do
State
do
Local
do
Production or nonsupervisory workers on private
nonagric. payrolls, not seas, adjusted
thous.
Manufacturing
do
Seasonally Adjusted
Production or nonsupervisory workers on private
nonagricultural payrolls
thous.
Goods-producing
do
Mining
do
Construction
do
Manufacturing
do
Durable goods....
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...
Electric and electronic equip
do ....
Transportation equipment
do...
Instruments and related
products
do
Miscellaneous manufacturing
do ...
See footnotes at end of tables.
7.2
6.2
6.6
18.6
6.2
15.1
10.5
4.3
5.6
10.4
7.0
6.1
6.2
18.3
6.0
14.5
10.6
4.4
5.2
9.8
7.2
6.2
6.6
18.9
6.3
14.9
11.8
4.5
5.5
9.9
7.2
6.2
6.5
18.4
6.2
14.8
10.5
4.5
5.5
10.1
7.1
6.0
6.4
19.3
6.1
14.8
10.5
4.2
5.3
9.5
7.2
6.2
6.4
18.8
6.2
14.8
10.9
4.4
5.3
10.1
7.1
6.2
6.3
18.9
6.1
14.9
10.6
4.5
5.2
10.0
7.0
6.2
6.2
17.9
6.0
14.2
10.5
4.4
5.2
9.5
6.8
5.9
6.1
18.0
5.8
14.6
10.8
4.2
5.1
10.1
7.0
6.2
6.2
18.5
6.0
14.6
10.9
4.3
5.1
9.8
6.9
6.2
6.1
17.7
6.0
14.3
10.4
4.6
5.0
8.9
6.9
6.2
6.1
18.2
6.0
14.2
9.6
4.5
5.0
9.7
6.7
6.0
5.9
17.3
5.8
13.7
10.5
4.3
4.8
9.8
6.7
6.0
5.9
17.7
5.9
14.3
10.6
4.2
4.8
9.8
6.7
5.9
5.8
18.0
5.7
14.3
9.6
4.2
4.8
9.5
6.6
5.8
5.8
18.1
5.6
13.9
9.0
4.1
4.5
9.7
7.2
13.1
7.7
7.6
13.2
7.0
13.1
7.1
6.9
12.5
7.2
13.0
7.3
7.4
13.8
7.1
13.0
7.2
6.9
12.1
7.1
12.3
6.9
6.9
13.4
7.2
13.0
7.4
7.3
15.3
7.1
12.4
7.2
7.0
13.2
7.1
13.0
6.9
6.7
11.4
6.9
12.4
6.9
6.8
13.3
7.0
12.9
7.0
6.5
12.9
7.0
13.8
7.3
7.2
11.9
7.0
15.1
7.1
6.6
10.1
6.8
13.7
6.9
6.4
11.5
6.7
12.2
6.8
6.8
11.6
6.6
11.6
6.8
6.8
11.2
6.5
12.5
6.9
6.7
10.7
2.4
2.4
2.4
2.4
2.1
2.2
2.4
2.8
2.7
2.7
2.5
2.3
2.1
2.5
2.5
2.2
4.8
8.8
7.2
11.2
8.6
4.7
8.6
7.2
10.9
7.8
5.3
9.1
9.5
12.3
12.4
4.8
8.9
8.6
12.3
10.8
4.4
8.8
8.0
11.1
8.2
4.8
8.7
7.3
10.4
7.3
5.0
8.4
6.7
10.6
6.2
4.9
8.4
6.7
10.0
5.5
4.8
8.2
6.0
9.5
6.0
4.9
8.6
6.0
10.0
6.7
4.6
8.9
6.1
10.3
7.0
4.5
8.1
6.6
10.7
7.6
3.9
8.0
6.7
10.8
9.1
4.8
8.9
8.0
12.0
10.6
4.6
8.5
7.9
12.1
10.5
4.8
8.0
7.3
11.5
9.7
97,614
81,199
100,167
83,432
98,113
81,165
98,617
81,604
99,553 100,341
82,547 83,301
100,752
83,985
99,998 100,189
84,167 84,494
101,089
84,587
101,595
84,554
97,614 100,167
83,432
81,199
61,885 64,246
24,930 24,938
792
930
4,960
4,687
19,314 19,186
11,516 11,345
727
700
493
497
591
595
813
768
1,468
1,439
2,082
2,182
2,169
2,207
1,984
1,971
99,429
82,748
63,454
25,038
880
4,864
19,294
11,455
716
494
597
795
1,452
2,127
2,181
1,998
99,484
82,785
63,530
24,945
852
4,838
19,255
11,418
715
493
594
787
1,450
2,118
2,177
1,989
99,783
83,072
63,827
25,038
821
4,972
19,245
11,415
719
494
600
785
1,451
2,111
2,177
1,986
99,918
83,198
63,997
24,965
790
4,974
19,201
11,378
719
496
599
780
1,447
2,100
2,175
1,972
723
369
7,798
1,608
65
704
717
367
7,841
1,641
61
709
725
370
7,839
1,631
63
705
726
369
7,837
1,632
63
707
723
369
7,830
1,633
63
703
721
369
7,823
1,640
62
705
717
369
7,828
1,648
62
707
713
363
7,827
1,645
62
710
713
364
7,821
1,642
59
711
713
363
7,834
1,644
60
709
713
363
7,852
1,644
59
711
710
365
7,874
1,654
61
717
709
370
7,897
1,657
60
719
'709
'369
'7,903
1,654
59
'722
'707
'371
'7,914
1,657
60
'727
"708
"373
"7,910
"1,656
"59
"727
1,125
683
1,435
1,046
178
1,115
690
1,479
1,027
164
1,122
687
1,467
1,032
167
1,117
688
1,469
1,031
166
1,119
689
1,472
1,028
166
1,113
689
1,474
1,024
166
1,106
690
1,477
1,026
164
1,108
687
1,483
1,025
163
1,108
685
1,481
1,026
163
1,110
691
1,485
1,025
162
1,113
694
1,491
1,023
161
1,112
694
1,493
1,023
160
1,124
697
1,493
1,020
159
1,123
694
1,500
1,021
159
1,116
695
1,506
1,021
159
"1,116
"694
"1,506
"1,019
"158
790
166
72,684
5,242
5,740
17,360
801
155
75,229
5,286
5,853
17,978
803
162
74,391
5,277
5,843
17,795
804
160
74,539
5,280
5,841
17,828
800
157
74,745
5,266
5,864
17,851
796
154
74,953
5,265
5,872
17,911
797
151
74,989
5,167
5,829
17,944
792
152
75,236
5,288
5,849
17,992
794
152
75,395
5,255
5,863
18,030
797
151
75,702
5,316
5,859
18,065
805
151
75,961
5,316
5,864
18,143
809
151
76,177
5,351
5,859
18,197
815
153
76,402
5,359
5,859
18,206
819
152
'76,618
'5,382
'5,864
18,289
'820
"821
"154
153
'76,822 "77,054
'5,389 "5,411
'5,876 "5,880
18,376 "18,411
5,953
21,974
16,415
2,875
3,848
9,692
6,305
23,072
16,735
2,899
3,937
9,899
6,157
22,638
16,681
2,918
3,924
9,839
6,184
22,707
16,699
2,923
3,927
9,849
6,228
22,825
16,711
2914
3,938
9,859
6,261
22,924
16,720
2,899
3,936
9,885
6,295
23,072
16,682
2,875
3,927
9,880
6,334
23,176
16,597
2,866
3,921
9,810
6,364
23,255
16,628
2,875
3,919
9,834
6,388
23,300
16,774
2,901
3,932
9,941
6,409
23,359
16,870
2,896
3,959
10,015
6,429
23,451
16,890
2,899
3,965
10,026
6,472
23,578
16,928
2,907
3,983
10,038
'6,495
'23,670
16,918
'2,914
'3,983
10,021
'6,518 "6,554
'23,759 "23,832
16,904 "16,966
'2,915 "2,924
'3,984 "4,003
10,005 "10,039
65,635
13,130
67,455
13,023
65,407
12,973
65,795
12,982
66,672
12,997
67,369
13,008
67,976
13,076
68,085
12,871
68,387
13,051
68,481
13,145
68,460
13,089
68,569
13,074
68,698
13,043
'67,134
12,893
'67,143 "67,633
12,950 "12,981
65,635
17,459
660
3,670
13,130
7,660
587
394
67,455
17,467
554
3,890
13,023
7,495
610
398
66,945
17,536
622
3,817
13,097
7,579
602
394
66,916
17,454
598
3,795
13,061
7,545
602
395
67,167
17,546
573
3,913
13,060
7,547
605
395
67,261
17,475
547
3,903
13,025
7,519
605
397
67,223
17,388
535
3,874
12,979
7,462
606
397
67,517
17,395
533
3,901
12,961
7,441
604
398
67,632
17,429
526
3,932
12,971
7,458
610
400
67,742
17,407
520
3,927
12,960
7,438
615
401
67,854
17,408
522
3,912
12,974
7,435
618
402
68,076
17,452
523
3,909
13,020
7,452
623
400
68,255
17,483
520
3,910
13,053
7,466
627
401
'68,463
17,552
'511
'4,010
13,031
'7,440
'628
402
'68,716 "68,787
17,588 "17,524
"517
'516
'3,994 "3,944
13,078 "13,063
'7,480 "7,469
'631
"628
403
"405
453
615
1,085
1,311
1,305
1,251
458
579
1,063
1,242
1,249
1,242
459
604
1,072
1,272
1,258
1,258
459
596
1,069
1,267
1,252
1,247
463
596
1,073
1,263
1,249
1,245
462
591
1,068
1,256
1,250
1,233
460
574
1,062
1,250
1,224
1,233
458
569
1,052
1,240
1,246
1,223
456
562
1,054
1,239
1,249
1,235
457
560
1,058
1,215
1,245
1,235
454
560
1,056
1,211
1,247
1,236
455
562
1,055
1,205
1,252
1,249
458
563
1,060
1,204
1,251
1,245
460
'552
1,057
1,203
1,247
1,238
463
'563
1,057
1,214
1,245
1,248
"461
"566
"1,056
"1,216
"1,242
"1,238
393
266
389
266
392
268
392
266
392
266
390
267
389
267
387
264
389
264
388
264
387
264
385
266
386
271
'383
'270
'384
'272
"384
"273
101,879 101,975 100,185 100,500 "101,148
84,673 84,816 '83,289 '83,324 "83,862
99,843 100,105 100,283 100,560 100,826 101,068 101,322 101,626 101,862 "102,026
r
83,161 83,508 83,655 83,786 83,956 84,178 84,394 r84,708 '84,958 "85,060
64,026 64,387 64,532 64,681 64,838 65,022 65,208 r65,540 '65,744 "65,870
24,854 24,869 24,888 24,858 24,865 24,891 24,920 25,008 '25,040 "24,972
"735
'732
'731
738
742
746
743
753
768
772
'5,094 "5,047
5,109
4,996
4,993
5,001
5,010
5,012
4,980
4,947
19,186 19,168 19,214 "19,190
19,118 19,156
19,105
19,121 19,123
19,135
11,289 11,265 11,300 "11,280
11,282
11,271 11,266
11,294 11,302
11,307
"752
'755
'754
749
743
737
734
724
729
721
"504
503
503
500
500
500
500
499
498
496
r
598
"594
595
594
591
590
594
592
593
597
r
"755
'753
741
752
751
749
749
758
751
761
1,430 "1,427
1,430
1,431
1,427
1,429
1,433
1,429
1,428
1,440
'2,043 "2,042
'2,029
2,030
2,036
2,039
2,044
2,072
2,079
2,089
'2,154 "2,147
'2,156
2,164
2,166
2,167
2,162
2,168
2,169
2,143
"1,978
1,986
1,979
1,990
1,993
1,979
1,979
1,985
1,969
1,974
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
S-ll
SURVEY OF CURRENT BUSINESS
April 1987
,, ..
units
Annual
1985
1987
1986
1986
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Jan.
Feb.
Mar.
'5,591
r
l,167
r
45
'627
Dec.
'5,598
1,170
'45
'631
"5,594
"1,169
"44
"633
942
528
'840
'573
103
"940
"525
"840
"573
"103
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT §-Continued
Seasonally Adjusted
Production or nonsupervisory workers—Continued
Nondurable goods
..thous ..
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
do
Transportation and public utilities.
do ....
Wholesale trade.
do
Retail trade
do
Finance, insurance, and real
estate
do
Services
do
AVERAGE HOURS PER WEEK §
Seasonally Adjusted
Avg. weekly hours per worker on private nonag.
payrolls: <>
Not seasonally adjusted
hours..
Seasonally adjusted
do
Mining $..
do
Construction $........
. . . do
Manufacturing:
Not seasonally adjusted
do
Seasonally adjusted
do
Overtime hours
do
Durable goods
do
Overtime hours.
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 . . . .
Electric
and
electronic
equip
do
Transportation equipment
..do....
Instruments and related
products
do
Miscellaneous manufacturing $
do ....
Nondurable goods
do
Overtime hours
,
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....
Transportation and public utilities
do..,.
Wholesale trade..
do ....
Retail trade
do.
Finance, insurance, and real
estate $
do
Services
do
AGGREGATE EMPLOYEE-HOURS §
Seasonally Adjusted
Employee-hours, wage & salary workers in nonagric. establish, for 1 week in the month,
seas adj. at annual rate
bil. hours..
Total private sector
do
Mining
do
Construction
do
Manufacturing
do....
Transportation and public utilities
do ....
Wholesale trade
do
Retail trade
do ....
Finance, insurance, and real
estate
do
Services
do
Government
.
do
Indexes of employee-hours (aggregate weekly): <)
Private nonagric. payrolls, total
1977 = 100 ..
Goods-producing
do ....
Mining.....
do...,
Construction
do
Manufacturing
do
Durable goods
do
Nondurable goods
do....
Service-producing
do
Transportation and public
utilities.....
do...,
Wholesale trade
do....
Retail trade
do
Finance, insurance, and real
estate
do
Services
do ....
See footnotes at end of tables.
5,470
1,122
49
608
5,528
1,153
46
613
5,518
1,145
47
609
5,516
1,145
48
611
5,513
1,145
48
607
948
516
793
579
107
941
524
824
572
103
946
521
815
574
104
940
521
817
573
103
610
137
48 176
4,342
4616
15458
624
128
49988
4,371
4697
16001
623
134
49409
4,377
4695
15854
4414
19346
4658
20262
5,506
1,149 .
47
610
5,517
1,160
46
611
5,520
1,158
47
614
5,513
1,153
43
615
5,522
1,157
44
612
5,539
1,155
44
616
5,568
1,168
46
622
5,587
1,168
45
624
943
522
820
572
103
938
523
820
569
103
933
524
823
572
103
936
522
828
572
102
935
519
825
574
103
937
523
827
572
102
940
527
832
571
102
940
528
833
572
102
951
531
837
569
102
625
133
49462
4,373
4693
15867
623
130
49621
4,362
4712
15880
620
127
49786
4,361
4711
15939
621
124
49835
4,270
4674
15981
617
124
50 122
4,354
4705
16 018
621
125
50203
4,325
4708
16045
624
124
50 335
4,387
4700
16091
628
124
50446
4,393
4694
16153
632
125
50624
4,424
4693
16187
634
126
50772
4,441
4694
16 193
4554
19 929
4 571
19958
4603
20064
4629
20 146
4651
20,259
4683
20362
4704
20421
4 716
20441
4723
20483
4745
20575
4771
20673
34.4
349
424
352
34.7
349
423
364
34.6
348
420
376
34.7
348
418
37.9
34.9
347
420
378
35.0
347
416
383
35.1
348
423
384
34.8
347
423
385
34.7
347
422
380
34.7
348
416
365
34.9
346
426
369
r
948
527
841
'571
102
r
"639
638
636
"128
128
127
50 911 '51 128 "51 263
'4,458 "4,483
'4,448
r
'4 703 "4,707
4696
r
!6 267 16,339 "16,371
r
'4789
'20 711
'4806
'20 822
"4836
"20 866
34.4
348
428
373
'34.5
35.0
'42.1
'36.9
"34.6
"348
"41.8
"37.5
408
410
36
416
r
37
407
r
40.2
r
42.9
427
41 5
'42.0
'408
412
36
'41.9
3.7
'41.1
'40.1
'43.1
'428
'418
42.1
"409
"409
"37
"416
"3.8
"40.8
"39.8
"42.5
"427
"415
"41.9
34.9
34.8
434
377
423
375
405
407
33
412
3.5
39.9
39.4
41.9
41 5
413
41.5
34
413
35
403
396
42.3
41 9
413
41.6
403
407
34
41 4
35
400
397
419
42 1
41 5
41.6
407
407
34
414
36
402
394
419
41 9
41 4
41.6
405
407
34
413
36
403
391
424
413
412
41.8
406
407
34
412
34
40.3
39.4
42.3
417
41 1
41.8
408
406
33
412
35
399
39.4
42.2
416
41 1
41.7
402
406
34
41 1
35
401
394
422
41 3
41 1
41.4
407
408
35
414
35
402
399
425
41 9
41 2
41.7
410
408
35
414
36
401
400
425
420
41 5
41.7
408
407
35
413
36
403
398
423
423
41 2
41.6
41 0
408
35
414
36
407
396
419
424
414
41.7
41 6
408
35
413
36
404
39.6
42.1
425
41 1
41.5
406
42.6
41 0
42.4
409
42.7
41 0
42.7
41 1
42.1
41 0
41.9
410
42.2
41 1
42.1
41 2
42.6
41 2
42.6
409
421
41 0
42.3
41 0
42.1
r
410
42.3
'41 4
'42.8
"408
"42.7
41 0
39.4
396
31
40.0
372
39.7
41 1
396
399
3S
40.0
376
412
41 2
39 3
397
32
39.8
366
406
413
399
398
32
39.9
375
407
41 3
397
399
33
40.2
366
413
409
394
399
34
40.2
37 7
41 1
41 0
396
398
32
40.0
383
408
40 8
388
398
34
40.0
359
409
41 0
392
400
34
40.3
362
41 4
40 7
396
399
33
39.7
385
416
41 1
398
399
34
39.8
391
415
41 2
402
40 1
35
40.0
384
415
41 3
403
40 1
35
39.8
377
419
41 2
395
40 1
35
'40.0
r
374
r
41.7
'41 4
'39.2
'404
35
40.1
'36.5
'42.3
"41 3
"39.5
"401
"35
"40.0
"39.2
"42.0
364
43.1
37.8
41.9
430
367
43.3
38.0
420
437
363
43.5
38.0
418
437
365
43.5
38.0
419
438
369
43.0
38.0
419
436
365
43.2
38.0
420
43 4
365
43.1
37.8
41 9
440
366
43.2
37.9
419
435
365
43.5
38.0
421
443
367
43.0
38.0
420
434
367
43.0
38.0
422
437
369
43.2
38.1
425
438
370
43.4
38.1
42.2
436
r
369
43.6
38.0
42.3
r
450
'376
43.6
'38.3
'42.1
'442
"370
"43.3
"37.9
"41.9
"440
41 1
37.2
39.5
38.4
294
413
36.9
39.2
38.4
292
410
36.0
39.5
38.4
293
41 3
36.3
39.6
38.5
293
41 1
36.3
39.2
38.5
292
41 2
36.7
39.2
38.4
292
413
37.7
39.1
38.3
291
405
37.0
39.2
38.3
292
41 2
36.7
39.1
38.4
292
416
36.8
38.9
38.2
292
41 4
36.8
39.1
38.4
291
417
37.2
39.3
38.3
293
423
38.1
39.0
38.2
289
416
37.3
39.1
38.3
r
290
'41.5
'37.2
'39.3
'38.4
294
"41.6
"37.5
"39.3
"38.3
"29.2
364
325
365
325
368
326
367
325
364
325
363
325
366
324
365
324
366
324
364
323
366
324
367
325
366
324
365
324
'365
325
"364
"323
182.27
14958
210
9 19
40.72
10.77
11 46
26.54
186 48
153 15
175
967
40.58
10.80
11 69
27.30
18529
15224
1 96
927
40.85
10.86
11 68
27.15
18541
15233
189
928
40.74
10.87
11 68
27.22
18582
15263
181
978
40.58
10.75
1174
27.12
18576
15256
172
968
40.52
10.70
1172
27.17
185 45
15240
168
954
40.32
10.71
11 61
27.22
18590
15291
1 66
966
40.23
10.80
11 66
27.31
18666
15349
1 65
978
40.44
10.69
1170
27.38
18695
15326
1 62
982
40.38
10.78
11 64
27.34
18742
15376
162
977
40.43
10.82
11 69
27.41
18858
15465
1 60
964
40.63
10.96
11 68
27.72
18849
15437
162
967
40.73
10.91
11 63
27.36
189 25
155 51
165
1025
'40.77
10.95
11 68
'27.61
11 28
37 51
3269
1199
3937
3333
11 78
3869
3305
11 81
3884
3308
11 82
3903
3318
11 83
3922
3320
11 99
3932
3305
1204
39 56
3299
12 14
3970
33 17
1209
39 58
3370
1220
39 82
3365
1230
40 11
3394
1232
40 13
34 11
'1233
'4027
'3374
'1239
'4061
'3400
"1241
"4062
"3395
115.4
98.8
106.6
1254
933
927
94.3
1245
118.1
98.9
87.4
1320
930
910
96.1
1288
117.5
98.8
99.3
1263
935
921
95.5
1278
117.4
98.5
95.0
1266
933
917
95.7
1278
117.8
99.4
90.2
1337
932
915
95.8
127.9
117.7
98.8
85.3
1326
929
910
95.7
128.2
117.3
98.0
83.4
130 3
924
903
95.6
128.0
117.9
98.1
83.7
1322
922
899
95.7
1289
118.4
- 98.9
830
1340
929
907
96.1
1292
118.3
98.7
81.2
134 2
927
905
96.0
129.2
118.6
98.5
82.1
1330
926
901
96.3
129.7
119.3
98.8
81.1
131 8
933
906
97.2
1307
119.0
99.0
81.4
1322
934
905
97.6
130.1
119.9
100.4
'81.0
1399
936
'909
'97.7
130.7
120.9
101.0
'81.8
1386
'946
919
'98.5
'132 0
"120.4
"99.8
"81.2
"1355
"938
"91 2
"97.8
"1317
107.1
117.9
1159
107.0
119.8
1189
108.0
119.8
1183
108.2
120.1
1184
106.8
120.6
1181
106.8
120.2
1185
104.3
119.0
1184
106.7
119.8
119 1
105.7
120.2
1193
106.6
119.3
1196
107.3
119.8
1197
108.6
119.5
1208
108.2
119.2
1192
108.7
119.6
1201
109.5
120.0
1223
"110.1
"119.8
"121 7
1299
138.9
137.6
145.5
135.4
143.7
135.6
143.5
135.4
144.2
135.8
144.8
137.6
145.2
137.8
145.9
139.1
146.4
138.7
146.0
139.7
146.8
141 1
147.9
140.7
148.2
141.3
148.4
141.8
149.7
"1423
"149.1
r
r
'190.75 "190 10
'156 76 "156 15
162
"1 61
"997
10 18
'41.05 "40.75
11.03
"11.07
11-74 "11 70
'28.13 "28.01
S-12
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
SURVEY OF CURRENT BUSINESS
,, .
units
1985
April 1987
1987
1986
Annual
Feb.
1986
Apr.
Mar.
May
July
June
Aug.
Sept.
Nov.
Oct.
Jan.
Dec.
Feb.
Mar.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
j
HOURLY AND WEEKLY EARNINGS §
Average hourly earnings per worker: <>
Not seasonally adjusted:
Private nonagric. payrolls
dollarsMining
do
Construction
do .
Manufacturing
do ..
Excluding overtime
do....
Durable goods...
..
do
Excluding overtime
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....
Electric and electronic
equip
do
Transportation equipment
do....
Instruments and related
products . .
.
do
Miscellaneous manufacturing
do
Nondurable goods
do .
Excluding overtime
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....
Transportation and public utilities
do....
Wholesale trade
do
Retail trade
do
Finance, insurance, and real
estate....
do
Services
..
do
Seasonally adjusted:
Private nonagricultural payrolls
dollars
Mining
.
do
Construction
...
do
Manufacturing
do .
Transportation and public utilities
do...
Wholesale trade
do
Retail trade
do
Finance, insurance, and real
estate
do .
Services
do..
Indexes of avg. hourly earnings, seas, adj.: <)
Private nonfarm economy:
Current dollars
1977-100
1977 dollars $
do
Mining $$
do
Construction
do
Manufacturing
do
Transportation and public utilities
do ....
Wholesale trade $$
do....
Retail trade . . . .
do
Finance, insurance, and real
estate #
do
Services
. do
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (ENR): §§
Common labor
$ per hr
Skilled labor ..
do
Railroad wages (average class I)
do
Avg. weekly earnings per worker,
private nonfarm: ^
Current dollars, seasonally adjusted...
1977 dollars, seasonally adjusted $
Current dollars, not seasonally adjusted:
Private nonfarm, total
dollars ,
Mining
. .
do
Construction
... do
Manufacturing
do, .
Durable goods ...
do
Nondurable goods
do....
Transportation and public
utilities
.. do
Wholesale trade
..
.. .do
Retail trade
do
Finance, insurance, and real
estate
do
Services ....
...
.
do
1231
953
9.16
10 10
9.69
8.22
7.17
9.84
11.68
9.70
1029
8.75
1245
1242
973
9.33
1029
9.87
8.37
7.44
10.05
11.93
9.87
10.56
8,74
1232
1235
970
9.33
1029
9.88
8.36
7.31
9.94
11.96
9.85
1053
8.73
1235
1222
972
9.33
1030
9.88
8.33
7.35
9.93
11.99
9.88
1058
8.72
1243
1229
9.70
9.33
1028
9.87
8.32
7.36
10.00
12.00
9.84
10.55
8.72
1244
1233
971
9.34
1028
9.88
8.37
7.39
10.04
12.02
9.85
1055
8.71
1250
1231
970
9.32
1026
9.85
8.43
7.46
10.04
11.94
9.88
10.55
8.69
1246
1231
974
9.35
1027
9.87
8.36
7.44
10.06
12.06
9.84
1057
8.70
1251
1239
968
9.27
1022
9.80
8.40
7.46
10.07
11.85
9.82
1057
8.81
1252
1254
973
9.31
10 30
9.85
8.42
7.52
10.11
11.92
9.87
1058
8.81
1251
1262
972
9.31
1028
9.85
8.37
7.50
10.10
11.84
9.86
1056
8.85
1257
1259
977
9.36
1033
9.90
8.39
7.52
10.13
11.87
9.93
1059
8.83
1260
1270
9 84
9.41
1040
9.94
8.36
7.60
10.17
11.91
10.00
1065
'8.88
1267
1253
983
r
9.43
1038
r
9.95
r
8.29
r
7.57
10.18
11.86
9.98
1061
8.89
12.52
12.45
r
9.84
r
9.43
1039
r
9.96
r
8.32
r
7.56
10.16
11.89
r
9.98
10.65
"8.90
"1251
"12.57
"9.85
"9.44
"1039
"9.95
"8.28
"7.57
"10.17
"11.91
"9.99
"10.69
947
12.72
967
12.86
960
12.87
962
12.90
962
12.83
964
12.79
961
12.78
968
12.78
973
967
12.75 " 12.87
972
12.87
975
12.92
985
13.00
r
986
12.98
r
985
12.95
"986
"12.95
8.57
11 98
See footnotes at end of tables.
r
9 16
946
939
941
941
940
941
947
945
951
954
961
962
r
965
"960
730
871
8 38
8.57
11.94
6.71
7.56
8.93
857
8.74
12.77
6.95
750
886
853
871
12.38
6.83
751
888
854
874
12.76
6.86
750
8.88
855
8.75
12.84
6.87
754
8.90
8 56
8.78
13.38
6.88
754
891
8 56
8.74
13.68
6.87
759
899
863
875
13.48
6.90
752
893
855
8.65
13.44
6.99
759
896
856
865
12.21
7.05
760
895
858
868
12.10
7.04
765
900
862
8.79
12.62
7.07
771
906
867
8.88
12.86
7.13
r
770
r
9.06
r
870
r
8.89
12.89
'7.13
769
r
9.06
r
870
r
8.91
13.35
r
7.13
"767
"9.09
"872
"8.94
"13.76
"7.16
573
10.82
9.71
11.56
14.06
5.81
11.14
9.97
11.97
14.19
579
10.99
9.86
11.81
14.21
580
11.03
9.90
11.78
14.22
5.81
11.05
9.87
11.82
14.16
578
11.12
9.91
11.89
14.02
579
11.15
9.88
11.94
14.14
576
11.31
9.96
12.04
14.16
579
11.17
10.00
11.99
14.07
587
11.20
10.10
12.03
14.20
582
11.20
10.08
12.08
14.18
583
11.17
10.11
12.15
14.26
586
11.24
10.14
12.20
14.36
5.89
11.17
10.14
12.17
14.40
589
11.18
10.16
12.20
14.35
"5.90
"11.15
"10.17
"12.26
"14.56
854
5.82
11.40
916
594
876
5.90
11.63
9.35
602
869
5.83
11.64
936
604
872
5.86
11.62
933
603
868
5.89
11.55
929
601
875
5.88
11.54
929
600
875
5.88
11.57
932
599
882
5.89
11.61
930
597
881
5.90
11.61
9.32
597
876
5.93
11.70
937
605
876
5.92
11.68
935
604
881
5.98
11.75
9.46
607
886
5.98
11.71
9.47
605
r
887
'6.03
11.73
r
9.49
607
884
'5.97
11.79
r
9.55
606
"885
"6.04
"11.78
"9.51
"605
794
789
834
816
828
817
830
818
829
812
831
810
837
810
830
804
833
8.05
837
819
838
822
854
831
846
831
8.58
8.36
857
11 98
1231
953
11.40
9 16
594
875
1245
1242
973
11.63
935
602
871
(i)
1229
968
1162
9 34
599
873
(i)
1223
970
1165
9 36
601
872
(i)
1234
968
1158
9 27
599
873
(i)
1238
972
1162
929
599
874
(i)
1243
971
1163
9 35
600
873
(i)
1240
973
1162
9 31
600
877
(i)
1243
976
11.62
9 37
603
876
(i)
1243
974
1164
9 35
605
880
(i)
1253
977
1167
9 39
605
884
(i)
1265
977
11.68
947
607
882
(i)
1262
978
11.65
943
607
r
884
(i)
12.43
9.78
11.69
r
942
603
794
789
834
8.16
821
811
827
816
828
811
831
812
840
817
833
812
841
816
837
817
841
821
856
8.28
844
8.24
8.54
8.29
1652
941
1789
1504
1686
166.3
169.0
1556
1692
949
181 3
1515
1724
170.2
172.3
158 1
1682
944
1805
1497
171 3
169.6
172.4
157 3
1685
951
180 1
1492
171 8
170.2
171.9
1574
1684
954
181 2
1506
1720
169.3
171.3
157 3
1687
954
181 1
151 0
1725
170.1
171.4
157 2
1692
952
181 4
1514
1725
170.7
172.0
157 8
1689
95 1
1817
1508
1727
170.3
171.4
1577
1693
95 1
181 5
1513
1729
170.1
171.7
1585
1696
949
181 5
1512
1728
170.8
172.8
159 1
1700
950
181 4
1526
173 1
170.9
172.6
159 1
170.8
953
1824
1540
1732
171.2
174.5
1593
170,6
950
1819
1539
1735
171.2
174.5
1593
171 8
1682
1799
174 1
1788
1731
1792
1740
1789
173 1
1793
173.4
180 5
174.3
179 1
173.4
1798
174.3
1805
174.4
1807
175.3
1839
176.6
15.95
2096
1362
1637
2146
1384
16 10
21 14
1391
16 10
21 14
1377
16 12
2120
13 59
16 19
2121
1382
1633
2144
1377
1657
21 65
13 82
16.57
21 69
1396
1658
2176
1394
16.60
2175
1384
29909
170.42
30450
17088
30398
17058
30468
17194
30346
171 93
30380
171.83
30328
17067
30293
17057
30520
171.46
30397
17020
299.09
51993
464 09
385.97
416 12
344.92
30450
52664
46575
396.01
42498
356.31
300.66
52237
434.72
390.91
421 89
347.31
302.93
52241
44481
395.60
42642
352.54
30171
52206
46210
39285
423 54
351.65
302.58
51999
467.31
394.23
42354
354.22
303.98
52500
46532
39576
42476
355.51
30415
51834
47147
39155
417 99
356.00
305.37
529 17
47578
393.98
42004
358.09
45030
351.74
17464
45590
35904
17578
456 29
355 68
17274
45783
357.34
17427
45045
35581
17369
45006
35674
174 60
45586
35882
17671
457 43
35805
178 50
28902
25643
30441
26520
304 70
26471
30461
26503
30176
26309
301 65
26244
30634
26406
30295
26371
EMPLOYMENT COST INDEX @
Civilian workers t
6/81-100
Workers, by occupational group
White-collar workers
do.
Blue-collar workers
do..
Service workers
do
Workers, by industry division
Manufacturing
..
do
Nonmanufacturing
do,.
Services
do..
Public administration
do ..
HELP-WANTED ADVERTISING
Seasonally adjusted index
1967 — 100
j
962
r
r
8.71
8.40
"8.68
"8.40
r
886
(i)
12.39
r
9.82
11.78
r
953
601
"8.89
(i)
"12.60
"9.83
"11.82
"9.54
"6.03
r
8.63
8.34
"8.64
"8.38
170.7
r
944
1820
1517
173.4
171.5
174.9
1584
171.4
944
1805
151.0
173.9
172.5
175.8
1586
"171.8
"94.2
"181.0
"153.5
"174.1
"173.0
"175.3
"158.8
182.2
175.8
184.7
176.9
187.4
178.1
"187.0
"178.9
16.60
2178
1406
16.65
2180
14 18
16.66
2183
1403
30536
17069
30763
171.57
30517
170.01
r
307 63
170.15
r
306.59
529 60
48279
39893
42848
360.19
30571
52792
47956
39658
42456
358.00
307.10
522 91
45954
40057
42973
362.70
308.17
53676
46863
40934
43888
368.74
r
305.47
r
r
306.71
r
527 09
r
459 41
r
401 47
r
430 15
r
45743
35882
17850
457 47
35887
17666
45669
35904
175 16
46178
36326
176 64
45903
36365
17848
r
453 95
r
361 57
172 39
r
459
r
30488
26404
30467
264 54
30671
26633
31342
26924
30964
26924
313 17
269 19
542 28
467 37
401 06
r
430 77
r
362.40
16.67
2184
1428
16.67
21.85
310 10 "309.37
170.85 "169.70
361.49
"307.94
"522.92
"471.38
"402.87
"432 22
"363.60
81 "460 60
362 90 "362 33
17392 "174 24
r
317 92 "31595
271 32 "270 48
130.6
139
142
133.0
133.8
135.0
134.2
126.8
1337
1360
1278
1354
1369
1284
1366
1385
1291
1380
1277
1319
1388
136.8
139
131.5
1331
1262
133 1
1287
1328
139.4
138.0
129 3
1346
1424
1406
130 1
1354
1436
1416
1307
1369
1452
144 1
138
132
128
141
140
134
135
141
147
145
142
148
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
S-13
SURVEY OF CURRENT BUSINESS
April 1987
IT .,
vnns
Annual
1985
1987
1986
1986
Feb.
Mar.
Apr.
May
June
Nov.
Oct.
Sept.
Aug.
July
Feb.
Jan.
Dec.
Mar.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
WORK STOPPAGES
Work stoppages involving 1,000 or more workers:
Number of stoppages:
Beginning in month or year ....
number
Workers involved in stoppages:
Beginning in month or year
thous
Days idle during month or year
do
UNEMPLOYMENT INSURANCE
Unemployment insurance programs:
Insured unemployment, all programs, average
weekly #@
thous
State programs (excluding extended duration
provisions):
Initial claims....
.
thous
Insured unemployment, avg.
weekly
do
Percent of covered employment: @ @
Unadjusted
Seasonally adjusted
Beneficiaries, average weekly
thous
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. $..
7
54
68
3
2
4
6
11
13
324
27079
529
12140
24
309
11
368
6
297
29
304
198
3684
47
895
2662
2725
3295
3 144
2799
2556
2474
2632
20840
19627
1587
1509
1574
1391
1 422
1 819
1379
1329
2580
2630
3 194
3048
2711
2479
2379
2534
2393
2 247
oo
2328
15855
34
28
2868
1491
29
2836
1556
29
28
2563
1469
27
29
2189
1261
25
29
2 172
1 178
27
29
2 194
1309
25
29
2 119
1 160
24
29
1965
1 144
r
29
2269
14 499
28
10
2
1
2
9
941
3
939
7
829
2478
2841
1525
1 464
2,164
2204
2377
2729
23
27
1879
1 147
25
27
1941
1,031
29
27
2,375
1,449
5
113
1 612
38
1 208
44
1 412
2483
2335
2296
25
23
26
25
22
20
20
23
21
21
22
24
25
148
148
11
12
12
12
13
15
12
11
11
11
14
20
18
1302
20
17
1330
21
20
11 4
20
19
11 2
19
17
11 1
18
15
99
19
16
100
21
18
122
21
19
11 7
21
18
119
17
16
108
17
14
83
18
16
107
25
26
38
35
30
22
16
17
18
21
21
23
33
67 080
66437
64480
67009
65920
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
mil $
68 115
Commercial and financial company
paper, total
do
293 909
Financial companies
do
213 739
Dealer placed
•
do
79596
Directly placed
do
134 143
Nonfinancial companies
do
80 170
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
Federal Reserve banks, condition, end of period:
Assets, total # ...
mil $ 237 572
Reserve bank credit outstanding, total #
do
195 296
Time loans
do ...
3,060
U.S. Government securities
do.... 181,327
Gold certificate account
do
11090
Liabilities, total #
do
237 572
Deposits, total
do
39 503
Member-bank reserve balances
do.... 28,631
Federal Reserve notes in circulation
do
181 450
All member banks of Federal Reserve System,
averages of daily figures:
1
Reserves held, total
mil. $
48 142
1
Required
do
47 085
1 1 058
Excess . .
do
Borrowings from Federal Reserve
banks
do
'1318
i 204
Free reserves
do
Large commercial banks reporting to Federal
Reserve System: $
Deposits:
Demand, total #
mil $
220 230
Individuals, partnerships, and
corporations $$
do.... 164,788
States and political subdivisions
do....
5,748
U.S. Government
do. .
2,068
Depository institutions in U.S. $$
do.... 29,131
Transaction balances other than demand
deposits *
do. .. 41,799
Non transaction balances, total *
do.... 482,622
Individuals, partnerships, and
corporations
do .... 446,601
Loans and leases(adjusted),total §
do . . . . 717,700
Commercial and industrial
do.... 255,245
For purchasing and carrying
22527
securities .
do
To nonbank depository and other
financial
do. .. 25,279
Real estate loans
do.... 179,122
To States and political subdivisions Q
do.... 33,257
Other loans.
do .... 202,270
Investments, total
do .... 153,310
U.S. Treasury and Govt. agency securities,
85,422
total 0
do
Investment account <^
do.... 69,647
Other securities <)
do.... 67,888
See footnotes at end of tables.
64952
64974
325 948
252 899
102 521
150 378
73049
297 423 298 885 300 309 310 364 314 598 313 976 322 648 326 967 329955 326 536
213 590 218 742 221 789 230 276 234 938 232 718 239 498 243 295 244 066 243 300
79439 83823 85 106 88540 90463 88537 92 146 96458 96470 94829
134 151 134 919 136683 141 736 144 475 144 181 147 352 146 837 147 596 148 471
83833 80 143 78520 80 088 79660 81 258 83 150 83672 85889 83236
325 948
252 899
102 521
150 378
73049
333,719
257 734
102 725
155 009
75985
267 359
224 550
267 359
253,456 243,485 254,382
205,775 224,285
1,565
557
196,293 211,316
11 084 11084
243 334 267,359
41475 56899
38,296 48,107
212,291 203,434 210,956
1,587
514
513
202,486 194,178 196,409
11,081
11075 11,059
253,456 243,485 254,382
51013 41,355 46394
34,588 37,133 41,973
64974
67 188
66882
66235
66759
226 838 235 015 229 691 231 206 232 409 234 762 245 900
239 359
224 285
1565
211,316
11084
267 359
56899
48,107
185 172 186 185 193 259 191 111 193 221 193 151 195158 202 335 199 196
806
661
879
913
850
954
818
737
952
176,536 176,620 181,834 181 992 183 849 183 446 185 937 190 751 189,995
11090 11 090 11089 11 085 11 084 11 084 11 084 11 084 11 084
224 550 226 838 235 015 229 691 231 206 232 409 234 762 245 900 239 359
35063 37 593 41733 38083 35887 35179 36364 45313 40239
29,324 30,782 29,416 31,329 31,940 30,275 34,570 36,794 36]966
195 360
175 072
1
59
J
560
58 191
*1 369
'827
*580
177 189
178 418
181 634
183 040
46652 47274
45555 46378
896
1 097
48882
48081
801
48419
47 581
838
49938
49 007
931
51 029
50 118
910
51 277
50 538
740
893
19
876
56
803
236
741
285
872
12
884
269
761
203
184 198 185 349
243334
184 191 186 022 190 327
53 189
52 463
726
1 008
145
54 623
53877
746
56399
55421
'978
841
4
752
296
223 183 208 322 216 858 216 797 209 302 212 220
195 360
59,560
58 191
1 369
337,325
263 186
103 891
159 295
74139
188 763 189 370
59,668
58 600
1068
827
580
580
522
238 905 290 510
228 664
191 170
r
57,060
r
57,060
55 849 56141
919
1 211
556
726
r
527
483
220,771 215 387
290 510
195 234 200 318 222 160
223,165
6,994
1840
34,335
148,975 152,583 167,022 166,909 158 886 165 772
6,072
5,012
5,194
5,051
5,101
5,854
4,754
2,520
2705
1,861
2834
1896
23,024 24,601 27,045 23,968 25,077
60,082
509,176
41,930 43,198 44,323 44,433 45,133 46,546 47,933 48,662 50,499 53,312 60,082
493,947 494,275 490,165 492,205 492,320 495,338 499,034 499,451 498,662 500,622 509,176
57,268 57,780 59,152
515,117 518,349 518,410
471,044
797,180
289,168
454,458 455,090 451,865 453,483 454,064 458,438 460,309 460,628 460,175 462,027 471,044
722,494 729,963 738,952 733,880 735,619 736,814 739,053 745,941 744,152 764,368 797,180
257,916 258,894 260,964 258,072 259,807 256,816 256,879 256,935 257,371 263,314 289,168
476,464 479,110 479,866
793,512 784,854 782,125
282,511 281,062 280,043
14 271
28,463
209,348
34,539
221,391
187,583
115,374
93,891
72,209
16542
20,704
21,964
18,625
16610
16538
163 752 159,969
5,111
5,314
2979
2583
24,502 24,267
16742
16043
163,666 181,882 223,165
6,994
5,720
4,907
1,840
2,751
2563
24,297 27,935 34,335
12946
18,597
14,271
23,594 24,061 24,328 24,812 25,860 25,592 26,735 26,691 26,984 26,414 28,463
183,464 185,250 187,513 189,826 191,371 194,224 196,606 199,107 200,283 202,831 209,348
36,800 36,640 36,416 36,216 36,371 36,005 36,335 36,269 35,472 35,320 34,539
204,178 204,414 207,767 206,329 205,600 207,639 205,756 210,896 211,096 217,892 221,391
166,581 159,009 161,794 160,763 161,948 172,634 176,920 178,385 180,155 185,946 187,583
94,835
71,608
71,746
90,179
70,193
68,830
92,526
71,031
69,268
92,761
72,031
68,002
93,681 103,278
73,507 80,689
68,267 69,356
102,778 102,034 107,951 113,889
81,938 82,108 87,881 92,428
74,142 76,351 72,204 72,057
115,374
93,891
72,209
174,212 170,336
5,315
5,311
2,118
2,373
25,628 25,767
15,452
13,798
167,711
5,066
2,013
24,000
13,904
25,450 24,180 24,071
213,637 215,634 218,439
34,847 34,403 34,298
221,615 215,777 211,370
182,104 184,101 180,250
113,734
95,410
68,370
116,590
95,357
67,511
112,955
95,698
67,295
S-14
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
SURVEY OF CURRENT BUSINESS
,, ..
units
Annual
1985
April 1987
1987
1986
Feb.
1986
Mar.
Apr.
May
Mar.
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
1,963.7
274.8
1,985.0
285.4
2,007.7
290.9
2,049.0
304.8
2,078.7
2,110.6
2,114.5
186.1
1,513.4
192.3
1,524.5
2,029.6
294.3
200.7
1,534.7
2,034.0
299.6
183.6
1,505.3
196.7
1,537.7
194.8
1,549.5
309.1
193.4
1,576.2
313.9
188.7
1,608.0
1,608.9
June
FINANCE—Continued
BANKING— Continued
Commercial bank credit, seas, adj.: §
Total loans and securities 0
bil $ ..
U.S. Treasury securities
do
Other securities
do
Total loans and leases 0
do ....
Money and interest rates:
Prime rate charged by banks on
short-term business loans. . . . . . percent.
Discount rate (New York Federal
Reserve Bank) @@
do....
Federal intermediate credit bank
loans
do
Home mortgage rates (conventional 1st
mortgages):
New home purchase (U.S. avg.)
percentExisting home purchase(U.S. avg.)
do....
Open market rates, New York City:
Bankers' acceptances, 90 days
do ....
Commercial paper, 6-month t
do ....
Finance co. paper placed directly, 6-mo
do
Yield on U.S. Gov. securities (taxable):
3-month bills (rate on new issue)...percent..
1,900.4
2,078.7
273.1
177.6
1,449.7
309.1
193.4
1,576.2
1,935.5
273.6
1,944.6
269.5
1,947.9
270.0
188.1
1,473.7
183.3
1,491.8
182.1
1,495.8
1,957.5
274.1
181.9
1,501.5
316.2
189.4
7.50
9.93
8.33
9.50
9.10
8.83
8.50
8.50
8.16
7.90
7.50
7.50
7.50
7.50
7.50
7.50
7.69
6.33
7.50
7.10
6.83
6.50
6.50
6.16
5.82
5.50
5.50
5.50
5.50
5.50
5.50
5.50
9.70
10.64
'11.09
M1.18
7.92
8.01
2
2
10.24
10.20
10.13
10.01
9.90
9.73
9.81
9.26
9.09
8.92
8.85
8.71
8.68
8.69
9.74
9.80
10.21
10.46
10.04
10.24
9.87
10.00
9.84
9.80
9.74
9.83
9.89
9.88
9.84
9.88
9.74
9.71
9.57
9.59
9.45
9.48
9.28
9.29
9.14
9.19
'8.87
'8.89
8.77
8.84
7.09
7.08
6.48
6.47
6.54
6.53
6.60
6.63
6.23
6.24
5.80
5.83
5.60
5.61
5.58
5.61
5.67
5.69
5.96
5.88
5.74
5.76
5.99
5.99
6.09
6.10
6.39
6.39
7.54
7.54
5.50
5.58
5.74
5.60
5.79
5.88
5.180
5.350
5.490
5.450
5.590
5.560
573,620
579,148
579,861
586,259
580,634
576,045
260,168
137,136
76,913
39,518
56,424
261,142
139,951
77,778
39,796
57,129
262,457
138,160
78,056
40,702
57,278
264,829 '262,999
136,581 r!35,091
78,508 '78,127
42,440
44,679
58,391 '58,588
261,452
133,913
78,027
40,660
58,788
563,661
571,275
576,862
577,645
577,789 '578,578
580,351
257,482
129,264
75,640
40,379
57,525
258,982
135,518
76,303
40,455
56,685
260,937
138,037
76,993
40,564
57,043
262,941
136,312
77,506
40,496
57,169
261,611 '261,694
136,496 '135,802
77,854 '78,284
40,617
40,585
58,037 '58,906
262,600
136,009
78,728
40,644
59,060
227,821
132,183
25,891
6,283
231,202
133,175
25,940
5,607
239,015
133,118
25,731
243,395
133,812
25,783
5,587
242,998
134,388
25,732
245,056 '245,471
134,940 '134,916
25,710 '25,852
246,188
135,957
25,793
782
144
'789
997
2,676
510
82
874
2,369
2,229
1,736
1,887
778
221
1,024
1,501
6,254
663
75
-840
1,954
2,519
690
109
359
2,004
-1,725
-1,329
'82
'-695
'430
32
'869
906
207
444
27
154
3,401
1,119
133
3,408
3,381
992
49
7,813
58
-209
4,380
-396
576
-51
'416
' 23
'141
717
1,041
-59
6.24
5.90
5.840
5.570
6.33
6.53
6.120
6.210
538,022
543,891
550,339
557,829
565,083
249,717
118,827
72,875
38,870
54,160
251,195
121,646
73,311
39,315
55,020
252,679
125,078
74,033
39,316
55,788
255,551
128,293
74,727
39,177
56,523
258,169
130,425
75,950
39,548
57,398
536,589
542,521
546,759
551,771
558,054
247,627
118,940
72,893
39,531
53,605
251,154
120,443
73,485
39,608
54,003
252,380
122,472
73,731
39,900
54,697
253,377
125,148
74,241
39,982
55,571
255,746
127,377
74,862
40,158
56,500
214,322
125,509
25,666
5,080
215,460
126,534
25,751
2,390
218,017
128,901
25,703
5,932
221,012
129,618
25,674
4,239
224,412
130,737
25,806
2,110
2,187
381
144
384
675
1,287
114
311
111
3,528
1,225
2,030
246
291
694
2,795
1,137
1,025
85
2,558
2,367
2,994
7.75
6.31
7.40
7.10
6.44
7.470
5.960
7.030
6.590
6.060
mil. $..
530,968
586,259
530,413
531,690
do
do
do
do
do....
245,055
113,398
72,715
42,776
52,720
264,829
136,581
78,508
44,679
58,391
245,816
116,010
72,132
39,232
53,253
246,189
117,165
72,303
38,976
53,321
534,198
246,951
117,654
72,780
39,220
53,494
5.54
5.190
CONSUMER INSTALLMENT CREDIT t
Not seasonally adjusted
Total outstanding (end of period) #
By major holder:
Commercial banks
Finance companies
Credit unions
Retailers
Savings institutions *
Seasonally adjusted
Total outstanding (end of period) • # . . ' .
do....
By major holder:
Commercial banks
do ....
Finance companies .
do
Credit unions
do
Retailers
.
do
Savings institutions *
do .
By major credit type:
Automobile
do
Revolving
do
Mobile home....
. .
do
Total net change (during period) # .
do . .
By major holder:
Commercial banks .
do
Finance companies . . . .
do
Credit unions
do
Retailers.....
do .
Savings institutions *
...do....
By major credit type:
Automobile
do
Revolving
do
Mobile home
do
1,588
93
1,502
591
78
398
-48
717
29
5,012
621
176
929
1,446
84
7,614
694
52
513
-67
126
185
348
88
868
2,057
552
-21
r
1,773
FEDERAL GOVERNMENT FINANCE
Budget receipts and outlays:
56,515
55,463
81,771
68,196
52,967
59,012
78,013
56,523
Receipts (net)
mil $
62,974
77,024
46,246
49,557
53,370
' 734,057 '769,091
91,438
84,527
83,828
83,942
82,853
79,973
84,267
81,750
Outlays (net)
do
84,434
85,203
78,034
85,642
77,950
'945,987 '989,789
81,510
79,700
Budget surplus or deficit (— )
do .... '-211,931 '-220,698 -24,580 -30,142
9,928 -39,396 -1,011 -22,229 -27,911 -3,737 -25,255 -27,006 -12,077 -2,170 -28,366 -28,012
1
28,012
28,366
2,170
12,077
27,006
3,737
Budget financing, total .
do
25,255
27,911
22,229
1,011
39,396
211,931 '220,698
30,142 -9,928
24,580
7,884
15,248
4,353
22,824
40,352
Borrowing from the public
do .... ' 197,269 '235,745
5,936
22,188
20,278
8,441
14,980
18,500
17,960
14,213
16,010
1
20,128
13,188
19,319 -13,346 -10,747 -2,183
7,633 -18,451
Reduction in cash balances
do ....
7,249
21,436 -17,489
21,701
14,662 '-15,047
24,141
8,570
Gross amount of debt outstanding
do . . . .
'1,827,470 '2,129,522 1,983,428 1,991,098 2,012,556 2,035,634 2,063,627 2,078,696 2,098,625 2,129,522 2,142,993 2,183,571 2,218,869 2,225,846 2,245,095 2,250,717
Held by the public
do
1,745,602 1,751,538 1,791,889 1814714 1,819,067 1,834,315 1,842,199
'1,509,857 '1,745,602 1,629,042 1,637,483 1,651,696 1,669,656 1,688,156 1,703,136 1 723 414
Budget receipts by source and outlays by
agency:
56,515
55,463
81,771
78,035
52,967
59,012
78,013
56,523
62,974
77,024
Receipts (net), total
mil $
46,246
49,557
53,370
'734,057 '769,091
91,438
14,240
22,805
46,466
33,584
24,122
31,123
25,764
37,125
31,438
36,412
9,820
Individual income taxes (net)
do... '334,560 '348,959
45,120
12,572
25,377
13,114
936
15,693
3,460
1,748
540
11,448
1,075
1,448
3,374
10,667
620
Corporation income taxes (net)
do...
8,716
8,113
'63,143
'61,331
Social insurance taxes and contributions
23,689
25,590
25664
22,267
21,751
(net)
. .
mil $
21,179
23,507
23,738
21,564
24,399
28,745
'265,163 ' 283 901 22,040
31,756
22,785
5,472
6,131
6,181
6,492
Other
do
5,345
6,170
5,546
6,233
5,933
5,945
6,598
5,847
6,089
5,334
'73,003
'73,087
84,527
83,828
83,942
90,112
79,973
Outlays (net), total #
..do... '945,987 '989,789
78,034
85,642
84,267
81,750
84,434
85,203
81,510
79,700
77,950
4,629
3,877
6,433
5,985
5,178
Agriculture Department
do...
5,444
5,733
5,758
3,290
4,536
3,749
5,763
3,402
'55,523
'3,300
'58,666
24,073
22,857
21,598
23,498
20,197
Defense Department, military
do ... '245,371 '265,636
23,034
21,842
23,105
22,234
18,663 r23,484
22,525
23,288
21,858
Health and Human Services
28,134
29,024
28,510
Department....
mil $
30,390
26,552
29,148
29,431
28441
27,283 '26,632
'315,537 '333,935
29,905
26,890
28,985
27,959
11,917
13,744
12,988
25,557
Treasury Department
do ..
13,910
12,641
24,517
13,651
13,887 12,683
'164,987 '176,160
7,965
9,721
13,525
13,255
National
Aeronautics
and
583
669
442
746
626
456
614
380
Space Adm
do
625
728
582
513
632
686
'7,403
'7 251
1,149
2,066
3,449
Veterans Administration
do ..
2,240
3,645
790
2,361
912
2,332
1,072
2,320
'26,536
'26,333
3,484
822
3,369
GOLD AND SILVER:
Gold:
Monetary stock, U.S. (end of
period) @
mil $
Price at New York $$
dol. per troy oz
Silver:
Price at New York £fr.
dol. per troy oz
See footnotes at end of tables.
11,090
317.299
6.142
11,064
367.867
11,090
339.332
11,090
345.420
11,089
340.552
11,085
342.457
11,084
342.788
11,084
348.850
5.470
5.874
5.039
5.229
5.115
5.153
5.049
11,084
376.852
5.218
11,084
419.014
11,066
423.617
11,070
398.806
11,064
391.225
11,062
408.260
11,085
401.318
408.914
5.683
5.667
5.596
5.364
5.529
5.488
5.682
S-15
SURVEY OF CURRENT BUSINESS
April 1987
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
1T
Annual
.,
1985
1987
1986
1986
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Nov.
Oct.
Dec.
Feb.
Jan.
Mar.
FINANCE—Continued
MONETARY STATISTICS
Currency in circulation (end of period)
..bil. $
Money stock measures and components (averages
of daily figures): t
Measures (not seasonally adjusted): $
Ml
M2
M3
L (M3 plus other liquid assets)...
Components (not seasonally adjusted):
Currency
. .
Demand deposits
Other checkable deposits $$
Overnight RP's and Eurodollars
ft
General purpose and broker/dealer
money market funds
Money market deposit accounts
Savings deposits
. .
Small time deposits @
Large time deposits @
Measures (seasonally adjusted): $
Ml
. . . .
M2
„
M3
L (M3 plus other liquid assets)
Components (seasonally adjusted):
Currency
Demand deposits
Other checkable deposits £j:
Savings deposits .
Small time deposits @
Large time deposits @
197.5
212.0
bil $
do
do
do....
593.9
2,482.0
3,102.9
3,684.8
673.3
2,681.8
'3,354.5
'3,991.1
do
do
do....
165.0
259.6
177.4
286.1
203.6
do. .
....do....
do
do
do....
do....
199.3
653.9
620.0
631.3
2,572.6 '2,594.4 2,631.4
3,234.1 '3,262.4 '3,299.7
3,873.3 '3,899.8 '3,927.2
2120
200.6
680.4
669.8
652.5
'2,637.9 2,668.7 2,700.4
'3,306.5 3,336.4 '3,368.4
'3,937.8 '3,971.3 '3,999.2
746.6
715.5
698.9
691.3
685.2
2,715.8 2,728.8 2,757.1 2,777.7 2,813.3
'3,391.4 '3,414.8 '3,437.4 '3,463.6 '3,504.1
'4,023.6 '4,049.5 '4,075.7 '4,110.5 '4,154.3
170.5
172.2
173.6
175.7
177.4
179.1
179.9
262.6
267.7
279.5
277.4
286.2
181.3
185.6
195.0
193.5
199.7
290.5
203.6
289.4
208.6
179.5
291.3
213.5
180.9
293.0
218.5
186.2
319.5
235.0
183.2
, 300.1
226.0
723.1
744.3
'2,832.2 '2,809.5
'3,526.5 '3,510.2
'4,185.9 4,175.7
184.6
311.0
242.8
728.7
2,819.4
3,522.5
184.8
291.9
186.0
291.4
'240.2
244.9
63.3
71.6
68.4
'67.3
68.2
'68.9
66.3
71.8
74.7
72.8
77.5
76.7
77.3
83.8
'79.7
77.1
175.6
480.3
295.0
882.1
425.0
195.9
543.1
328.7
878.1
447.6
181.0
517.1
303.0
891.6
450.1
186.2
521.0
306.1
891.1
450.5
191.4
526.1
311.5
889.0
447.7
193.2
531.6
317.7
882.7
446.0
197.3
541.0
323.6
879.5
444.3
199.7
546.6
330.1
880.9
444.8
200.5
553.6
333.2
877.5
449.2
202.2
558.8
339.6
873.3
450.3
206.9
564.4
207.1
568.7
359.3
859.5
446.8
207.6
365.5
'854.1
'448.1
209.0
574.2
376.4
'854.1
'451.2
'210.7
'570.7
384.7
'849.6
'451.0
211.6
570.3
395.3
845.2
452.4
730.5
712.4
2,775.4 2,799.8
'3,459.3 '3,488.9
'4,107.7 '4,140.9
737.6
'2,822.0
'3,515.7
'4,174.6
737.2
'2,821.4
'3,519.9
4,183.9
739.2
2,825.6
3,525.3
do
do
do.
do....
351.1
867.3
447.3
676.6
648.2
701.4
693.1
667.5
659.6
640.5
632.2
687.0
2,582.4 2,598.9 '2,623.8 '2,647.3 '2,667.5 2,693.8 2,718.4 2,736.3 2,760.7
3,242.8 '3,264.3 '3,293.1 '3,314.8 '3,338.3 '3,368.2 '3,395.9 '3,420.4 '3,440.9
3,880.2 '3,895.1 '3,920.2 '3,952.0 '3,972.6 '3,998.6 '4,026.8 '4,055.5 '4,081.4
172.7
173.8
174.4
175.8
176.7
177.6
270.3
274.6
277.7
282.2
285.0
183.1
304.8
889.8
447.6
do. .
.....do ....
.....do....
do
do
do
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Bureau of the Census):
Net profit after taxes, all industries.
mil. $..
Food and kindred products
do
Textile mill products...
do
Paper and allied products
do....
Chemicals and allied products
do....
Petroleum and coal products
do....
Stone, clay, and glass products
do....
Primary nonferrous metal
do....
Primary iron and steel
do....
Fabricated metal products (except ordnance,
machinery, and transportion
equipment).....
mil $
Machinery (except electrical)
do....
Electrical machinery, equipment,
and supplies.
do ....
Transportation equipment (except motor
vehicles, etc.)..
mil. $.
Motor vehicles and equipment
do....
All other manufacturing industries
do
Dividends paid (cash), all industries
.
do
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
By type of security:
Bonds and notes corporate
Common stock
Preferred stock
By type of issuer:
Corporate, total # .. ..
Manufacturing
Extractive (mining)
Public utility
. . .
Transportation
Communication
Financial and real estate.....
State and municipal issues (Bond Buyer):
Long-term
Short-term
163.6
1932
186.0
306.6
892.0
448.5
189.9
311.1
893.1
451.3
195.5
316.8
888.0
447.6
199.6
321.8
883.0
'447.6
288.2
204.5
327.4
880.9
448.3
84,813
13,677
2,007
1,200
3,293
2,880
12,755
9,542
8,900
12,739
2,216
1,627
798
1000
1 349 -3,362
19,669
2,720
179.7
181.2
182.4
183.5
292.2
293.4
220.4
350.4
864.7
445.7
297.8
225.9
358.5
308.3
232.3
366.2
853.3
447.0
214.7
341.4
872.2
448.5
857.1
445.9
18,865
525
922
3,737
4,220
699
259
-398
186.0
305.1
'240.1
376.7
'851.3
449.6
300.7
242.7
387.2
'847.6
'448.0
187.8
299.1
245.5
396.4
845.3
450.0
187.2
19,189
3,319
496
824
3,861
348
688
161
2 152
27,090
3,387
426
589
3,114
2,698
200
169
-350
87,648
12,798
179.0
291.2
210.4
334.6
876.7
449.4
571.3
4251
560
958
750
1,459
2,043
1,634
629
209
462
3,388
9,676
3,617
6,711
919
1,386
2,205
780
'1661
6,886
7,377
1694
2,324
1489
1,870
3,594
9,087
3,358
8,424
1,103
2,489
1,173
2,891
1,058
1 276
24
1,768
16,580
15,042
2,512
3,978
'5,056
3,496
45,517
46,323
10,849
10,927
12,111
12,436
1,168
mil $
132,926 '228,443
17,773
24,688
23,976
14,095
26,155
13,248
18,786
9,747
19,244
'21,102
r
24,113
14,824
do
do
do.
86,279 158,128
36,432 '54,839
6,374 '11,374
12,413
16,234
6,816
772
8,303
4,839
20,731
4,2-11
8,967
3,406
13,344
3,974
5,837
3,583
12,205
5,823
751
803
327
817
'14,457
'5,284
'1,062
'16,691
'5,308
'1,018
11,895
3,413
1,947
19,205
3,772
mil $
do
do....
do
do ....
do
..do....
129,085 '224,341
25,751 '41,434
4,636
'4,135
10,014 '23,933
4,036
'4,560
4,153
'11,599
65,832 '115,509
17,773
23,822
4,222
23,728
13,945
2,794
26,155
4,770
13,098
2,524
18,686
9,747
'23,017
'6,225
14,426
2,600
548
1,366
209
352
5,528
1,163
428
1,302
28
334
5,118
'20,803
'4,130
281
2,324
154
861
15,164
2,619
131
2,003
57
1,208
10,978
18,845
2,386
827
1,925
432
411
5,521
218
1,987
728
437
11,030
364
'1,914
15
641
'11,804
149
2,909
'318
'999
'10,191
8
951
0
106
9,683
do
do
203,954 '142,544
19,492 '20,111
1,213
726
1,368
2,189
342
321
2,491
660
1,660
11,994
4,610
214
2,596
782
1,937
11,432
'3,175
'7,642
'21,025
'4,893
'25,208
'1,793
'11,761
12,806
'342
'16,538
'1,026
7,933
'544
'11,554
'1,215
7,420
'280
'11,747
'4,489
'6,986
'391
'11,940
'3,834
13,262
'577
366
500
565
3,610
147
2,431
601
1,928
8,008
SECURITY MARKETS
Stock Market Customer Financing
Margin credit at brokers, end of year
or month.
mil. $..
Free credit balances at brokers:
Margin accounts.
. .
do
Cash accounts
do
28,390
36,480
27,450
29,090
30,760
32,370
32,480
33,170
34,550
34,580
36,310
37,090
36,840
34,960
35,740
38,080
2,715
12,840
4,880
19,000
2,545
12,355
2,715
13,920
3,065
14,340
2,405
12,970
2,585
13,570
2,570
14,600
3,035
14,210
3,395
14,060
3,805
14,445
3,765
15,045
4,880
19,000
5,060
17,395
4,470
17,325
4,730
17,370
64.5
67.4
65.4
62.8
60.6
63.1
65,6
66.8
67.0
69.2
68.6
71.1
70.9
70.4
804.98
730.56
852.42
806.33
761.06
815.01
788.96
928.52
880.80
766.66
853.65
Bonds
Prices:
Standard & Poor's Corporation, domestic
65.1
53.0
municipal (15 bonds)
dol. per $100 bondSales:
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $.. 9,046.45 10,475.40
See footnotes at end of tables.
993.95 1,064.44
958.56
S-16
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
Annual
„ ..
unus
1985
April 1987
1987
1986
1986
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
FINANCE—Continued
Bonds— Continued
Yields:
Domestic corporate (Moody's)
percent..
10.40
9.71
12.05
By rating:
Aaa.... ..
do
902
1137
967
Aa
do
947
1013
1182
A
do
1228
995
1067
Baa
do
1272
11 11
1039
By group:
Industrials
.
.do
1063
996
11 80
Public utilities
do
1229
10 16
946
Railroads .
do
11 94
985
1058
Domestic municipal:
Bond Buyer (20 bonds)
do....
7.23
9.07
6.98
Standard & Poor's Corp. (15
bonds) . .
do
738
744
9 18
U.S. Treasury bonds, taxable $
do
8 14
1075
907
Stocks
Prices:
Dow Jones averages (65 stocks)
70250
54156
65983
Industrial (30 stocks)
1 328 23 1 792 76 1 652 73
Public utility (15 stocks)
18093
19524
157 58
Transportation (20 stocks)
78541 77486
645 11
Standard & Poor's Corporation: §
Combined index (500 Stocks)
1941-43=10..
236.34
186.84
219.37
Industrial, total (400 Stocks) #
do....
24191
262.16
207.79
227 14
Capital goods
do
22360
18875
26072
Consumer goods
.. .
do
184 52
22676
Utilities (40 Stocks)
do ....
107.65
97.51
82.97
200.19
Transportation (20 Stocks) ...... 1982=100...
206.37
166.62
Railroads
1941-43 — 10
14173
123 17
15010
Financial (40 Stocks)
. . 1970—10
2836
2776
2204
New York City banks.... 1941-43=10....
115.71 100.33
85.44
Banks outside NYC
do ....
114.41 106.60
101.62
Property-Casualty Insurance
do
312 67
31473
24647
N.Y. Stock Exchange common stock indexes:
Composite
12/31/65-50
108 09
12643
13600
Industrial
do
14403
15584
12378
Transportation
do
11987
104 10
124 18
Utility ....
do
6518
5674
71 36
Finance
.
do
147 20
14213
114 21
Yields (Standard & Poor's Corp.):
Composite (500 stocks)
percent3.48
4.25
3.72
Industrials (400 stocks)
do ...
3.09
3.76
3.32
Utilities (40 stocks) .
.
do
654
7 11
8 12
Transportation (20 stocks) ....
do
243
235
286
Financial (40 stocks)
do...
3.22
4.21
3.30
Preferred stocks, 10 high-grade
do ...
8.76
10.44
9.62
Sales:
Total on all registered exchanges (SEC):
Market value
mil. $. 1,199,420 1,704,334 128,283
Shares sold
millions
48229
37046
3772
On New York Stock Exchange:
Market value
~.
mil $ 1 023 1791 448 235 109 681
Shares sold (cleared or settled) . .
millions
39 150
30222
3087
New York Stock Exchange:
Exclusive of odd-lot and stopped stock
sales (sales effected)
millions
35680
27 511
2899
Shares listed, NYSE, end of period:
Market value, all listed shares
bil. $ . 1,950.33 2,199.26 2,094.86
Number of shares listed
millions.
59,620
52,427
52,734
9.79
9.51
9.69
9.73
9.52
9.44
9.55
9.54
9.37
9.23
9.04
9.03
8.99
900
949
10 15
1049
879
921
983
10 19
909
943
994
1029
9 13
9 49
996
1034
888
9 28
9 76
10 16
872
9 22
9 g4
10 18
889
936
973
1020
886
9 33
972
10 24
8 68
9 20
9 51
10 07
849
902
941
997
836
886
923
972
8.38
888
920
965
8.36
884
913
961
1024
933
1005
998
902
978
985
952
958
995
951
972
985
9 19
973
973
9 15
9 69
9 68
942
9 57
968
939
9 65
958
9 15
956
949
896
937
931
877
9 19
925
881
922
9.23
8.75
9 13
7.15
7.33
7.70
7.51
7.54
6.93
7.19
6.94
6.74
6.85
6.56
6.59
6.93
707
813
7 32
759
7 67
802
7 98
823
762
7 86
731
772
7 14
808
7 12
804
686
781
693
767
663
760
667
769
671
762
69386 70604
1 757 35 1 807 05
18635 18834
80440 80201
69926 71591
1 801 80 1 867 70
18348 18933
789 55 784 47
69861
1 809 92
20228
73739
79665 843.73 865.48
71253 70996 72167 74453 75306
1 843 45 1 813 47 1 817 04 1 883 65 1 924 07 2 065 13 2 202 34 2 292 61
21095 '20535 201 41 210 14 '210 82 '221 59 22236 21777
86196 92578 94243
74380 77285 82543 83843 83597
232.33
256.25
22934
24855
102.01
212.11
15643
3027
118.69
118.90
33797
237.98
26389
23260
26051
103.78
208.18
14869
30 12
125.26
120.46
32919
238.46
26638
23179
26598
102.39
201.88
14202
2893
123.55
120.82
32594
245.30
274.55
236 16
27947
106.65
202.31
14423
2885
124.21
121.92
312.46
240.18
266.17
22340
28370
112.13
187.79
13452
2858
119.89
115.83
31066
245.00
27023
22620
280 30
118.53
186.18
131 50
2951
122.42
116.52
32060
238.27
26362
229 12
26360
113.11
189.86
133 04
2785
115.88
112.04
308.53
237.36
263.09
21949
26282
114.01
205.27
13551
27 59
110.91
110.12
30291
245.09
27279
22785
272 91
114.10
206.35
141 50
27 14
110.79
113.60
29071
248.61
276.69
23451
27263
115.52
204.75
14070
2789
115.90
112.15
303.73
264.51
296.10
251 85
29132
120.09
212.07
148 13
2926
121.19
116.03
316.67
280.93
318.18
27549
31513
119.87
224.37
15802
3021
121.00
115.37
336.07
13397
15275
12866
6806
15394
13727
15730
126 17
6946
15507
13737
15859
12221
6865
151 28
14082
16315
12065
7069
15173
13832
15806
11203
7420
15023
14091
16010
111 24
7784
15290
13706
15652
11406
7456
14556
13674
15656
120 04
7338
14389
14084
16210
12227
7577
14297
14212
163.85
121 26
7607
14429
15117
175.60
12661
7854
15332
160.23
189.17
13549
7819
15841
3.50
3.13
678
226
3.00
9.13
3.43
3.05
668
239
3.03
8.97
3.42
3.02
681
238
3.12
9.00
3.36
2.95
660
238
3.14
8.89
3.43
3.04
628
256
3.15
8.66
3.36
2.99
597
259
3.08
8.42
3.43
3.04
6 14
254
3.22
8.10
3.49
3.08
637
245
3.33
8.17
3.40
2.99
6 19
239
3.38
8.07
3.38
2.98
613
239
3.40
8.18
3.17
2.78
588
230
3.25
7.91
3.02
2.62
595
219
3.20
7.93
156,551 162,190
4500
4466
137,360
3757
130,677 147,892
4 108
3738
144,742
4030
139,546 160,605 184,309
5056
4599
3951
180,038
127,537 147,992
4040
3609
131 144
138 839
3546
3653
3034
2918
3317
3046
3215
3240
2680
2649
3030
2702
115 403 108 454
126 761 111 220
127 758 121 600
117 883
135 712
156 482
3260
3223
3733
4 H6
3974
3 167
3017
2941
3261
4041
3486
See footnotes at end of tables.
do
do
do
do
23228
1 2050
59782
64 531 8
66585
63 631 2
45 334 7
19,126.3
11 949 8
1 981 8
1 1583
5481 1 56025
226308 26 881 6
5042
4843 5
5945
5 623 9
3786 1
1,553.0
8294
4837
5424 1
8312
59604
36592
1,673.5
8809
4685
5 1840
4333
52900
4058 1
1,632.6
8982
437 5
47402
5255
5 1687
37809
1,767.0
9982
4853
67939
4772
48417
3857 6
l'574!o
10355
491 9
5664
59785 57474
5392
511 0
4 830 2 4 978 0
3 1726 30948
ll594.4 15499
1 1285 1 1205
4509
48192
5670
50074
4 1195
1,493.1
1 0432
4651
55737
5753
57483
4 176 1
1,662 0
1 100 1
577 9
5 156 4
6224
56647
3911 2
1,576.7
1 0698
2727
993
151 8
983
1320
923
141 1
955
1639
101 4
1330
922
1498
131 0
1069
97 2
1580
948
6888
467 1
1 813 0 19981
3700
19058
4622
17322
4083
38605
4259
29410
4633
22724
4433
20152
5052
22859
1858
785
3966
2,204.12 2,165.55 2,260.99 2,289.30 2,163.40 2,279.44 2,127.30 2,237.28 2,266.61 2,199.26 2,470.60 2,563.18 2,628.71
60,338 60,991 61,860
53,259 53,407 54,251 56,106 57,046 57,452 57,970 58,512 | 59,062 59,620
mil $ r212 792 0 r216 639 5 17 401 6 18 559 118 001 4 18 270 6 19 092 5 17 346 2 16 897 8 17 531 1 19 563 318 412 6 18 523 5 16 421 2 18 660 2
do .... r212,778.9 r216,629.1 17,401.2 18,557.0 18,000.7 18,270.3 19,092.0 17,345.8 16,894.8 17,530.5 19,561.6 18,411.3 18,522.7 16,419.6 18,659.1
do....
do
7388 1
do
60 745 3
do
63991
do
59 978 0
do
47 257 6
do .... 19,991.2
do
11 022 3
2.93
2.51
6.00
2.16
3.10
7.52
155,749
3403
FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
Exports (mdse.), incl. reexports,
total @ . ,
.
Excl. Dept. of Defense shipments
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
Asia; Australia and Oceania:
Australia, including New
Guinea
....
Japan
292.47
334.65
28816
333.68
117.65
227.30
16302
31.00
117.56
118.22
343.87
r
4251
5744
55279 r4r 567 1
5077 r 5303
55477 4 743 5
37190 r3 818 6
1,533.2 1,547.2
r
7895
1 0207
247 6
1009
1693
r
797
4726
51634
4303
60605
40629
1,596.0
8745
191 5
927
r
3607
4557
4458
551 5
1 990 1 23049 1 785 4 20346
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
8-17
SURVEY OF CURRENT BUSINESS
April 1987
.. ..
1987
1986
Annual
ljnits
1985
1986
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF EXPORTS-Continued
Exports (mdse.), incl. reexports—Continued
Europe:
601.0
France
mil $
'519.5
537.6
601.1
644.9
524.6
638.0
600.6
571.6
546.1
645.8
614.4
743.0
7,215.9
6,095.7
r
3.0
2.0
27.2
,9.8
.9
German Democratic Republic
do....
5.3
.9
1.2
1.2
1.6
1.4
.9
67.9
72.3
11.5
'863.2 1,084.7
975.8
Federal Republic of Germany
....do....
821.3 1,051.8 1,068.8
859.0
710.1
763.3
777.8
919.3
927.3
9,050.0 10,560.5
917.7
483.0
'433.8
412.9
461.4
Italy . . .
do
425.8
361.0
343.2
320.4
414.3
392.9
478.9
432.1
405.2
4,838.3
4,625.2
Union of Soviet Socialist Re51.2
'31.4
47.0
44.2
62.0
publics.. .... .
do
40.8
66.5
55.1
90.1
74.9
184.4
171.6
271.8
1,247.5
. 2,422.8
r
819.4 1,149.2
976.7
United Kingdom
do
988.2 1,016.8
878.0
862.7
960.0
933.7
961.1
926.7
911.5 1,166.7
11,272.9 11,418.2
North and South America:
Canada
do
47,251.1 45,332.6 3,786.0 3,659.2 4,057.3 3,780.9 3,857.5 3,172.4 3,094.7 4,119.4 4,175.9 3,911.1 3,719.0 '3,818.5 4,062.7
Latin American Republics,
total #
do
27,849.8 27,968.0 2,134.4 22829 2,256.9 2,476.7 2,389.4 2,472.6 2,452.8 2,314.9 2,497.1 . 2,349.7 2,256.8 '2,088.8 2,206.8
245.5
'227.5
352.7
Brazil
do
370.4
388.1
412.5
336.2
441.0
301.6
263.9
242.1
255.8
246.9
3,885.3
3,139.6
945.2 '1,016.7 1,030.9
945.8
964.9 1,087.1
Mexico -.•
do
13,634.7 12,391.6 1,064.8 1,029.4 1,100.9 1,121.0 1,060.7 1,039.1 1,009.6
227.7
'201.7
264.0
279.4
Venezuela
do
248.2
234.5
244.3
298.4
279.2
322.4
254.0
263.2
3,141.0
3,399.4
234.1
Exports of U.S. merchandise, total §.
do.... 206,925.3 206,376.2 17,163.7 18,349.2 17,376.0 16,690.7 16,426.5 15,911.3 16,830.8 16,860.4 18,594.1 17,895.0 17,777.4 '15,879.7 17,958.7
Excluding military grant-aid
do
206,912.2 206,364.1 17,163.3 18,347.1 17,375.3 16,690.4 16,426.0 15,910.9 16,827.8 16,859.8 18,592.4 17,893.7 17,776.6 '15,878.1 17,957.6
Agricultural products total
do
29,241.5 26,061.0 2,445.4 2,399.6 2,120.4 1,859.9 1,682.9 1,703.3 1,885.3 1,915.1 2,434.8 2,512.1 2,566.4 '2,165.1 2,220.8
Nonagricultural products, total
do.... 177,683.8 180,315.2 14,718.2 15,949.6 15,255.5 14,830.8 14,743.6 14,207.9 14,945.6 14,945.4 16,159.2 15,382.9 15,211.0 '13,714.6 15,737.9
By commodity groups and principal
commodities:
Food and live animals #
mil $
19,267.9 17,302.6 1,460.8 1,431.9 1,222.5 1,169.1 1,233.7 1,452.0 1,604.5 1,465.0 1,638.1 1,523.0 1,472.5 '1,286.6 1,402.8
235.7
'291.8
388.3
339.5
228.1
207.0
Beverages and tobacco
do
209.5
196.2
204.3
226.0
252.4
2,958.2
273.7
228.3
2,920.2
Crude materials, inedible, exc.
fuels*...
do
16,939.5 17,323.8 1,582.7 1,638.9 1,542.0 1,404.6 1,119.5 1,040.3 1,275.7 1,238.3 1,557.2 1,642.2 1,725.3 '1,435.4 1,605.6
564.3
'573.3
619.7
641.2
670.0
657.4
661.1
652.8
584.1
728.1
790.7
621.7
8,114.5
9,970.9
Mineral fuels, lubricants, etc. #
do....
675.6
Oils and fats, animal and vege59.0
'58.7
74.3
55.4
59.7
91.8
98.0
70.7
72.4
94.8
103.4
table .
do
88.8
108.3
1,014.9
1,434.0
Chemicals
do
21,758.7 22,765.8 1,875.5 2,000.8 1,857.6 1,934.1 1,844.6 1,801.5 2,049.7 1,942.0 1,935.6 1,897.4 1,907.9 '1,759.1 1,919.0
Manufactured goods #
do .... 14,008.9 14,005.0 1,116.9 1,196.7 1,169.5 1,199.6 1,083.9 1,073.1 1,179.0 1,189.0 1,228.0 1,259.1 1,187.3 '1,141.4 1,317.4
Machinery and transport equipment,
total
mil. $.. 94,278.4 95,289.5 7,894.5 8,693.8 8,262.2 7,762.2 8,048.6 7,390.9 7,347.4 7,785.5 8,678.9 8,107.4 8,049.0 '6,903.3 8,438.9
Machinery, total #
,
do.... 59,488.2 60,396.8 4,920.1 5,312.2 5,129.9 4,892.1 4,885.0 4,763.7 5,118.2 4,920.3 5,377.1 5,157.9 5,238.5 '4,430.3 5,228.6
Transport equipment, total
do . . . . 34,790.2 34,892.7 2,974.4 3,381.5 3,132.2 2,870.1 3,163.6 2,627.2 2,229.2 2,865.2 3,301.8 2,949.5 2,810.4 '2,473.0 3,210.3
996.6 1,649.3 1,616.3 1,601.7 1,329.4 '1,455.9 1,683.4
Motor vehicles and parts
do.... 19,364.0 18,575.0 1,613.1 1,675.0 1,820.5 1,690.1 1,732.2 1,249.2
VALUE OF IMPORTS
General imports total
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
Asia; Australia and Oceania:
Australia, including New
Guinea
Japan
Europe:
France
German Democratic Republic
Federal Republic of Germany
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
Latin American Republics,
total #
Brazil . .
Venezuela
By commodity groups and principal
commodities:
Nonagricultural products, total
Food and live animals #
Beverages and tobacco..
Crude materials, inedible, exc.
fuels #
.
Mineral fuels, lubricants, etc
Petroleum and products
Oils and fats, animal and vegetable
Chemicals
Manufactured goods #
Machinery
and
transport
equipment
Machinery, total #.....
Transport equipment
Motor vehicles and parts
See footnotes at end of tables.
177-825 0 - 87 - S2
do
do
345,275.5 369,961.4 28,895.4 31,971.5 28,761.6 30,272.3 31,763.7 34,120.7 29,475.5 28,695.3 30,018.0 36,186.8 27,795.2 '27,466.4 32,306.7
827.7
869.0
do
820.3
851.4
799.8
831.5
943.1
11,964.3 10,348.1
917.3
779.9
593.4
883.6
do.... 131,884.2 153,869.1 11,402.8 13,028.1 11,157.7 11,903.4 13,295.4 15,033.5 12,914.0 12,076.9 13,198.2 15,640.0 11,060.4
do
322.2
365.0
300.5
281.2
296.0
3,717.0
3,819.3
282.8
390.0
264.6
315.5
268.7
312.8
do
81,692.1 91,826.0 7,053.0 8,128.1 7,543.3 7,515.6 8,409.7 8,630.3 7,127.5 6,532.8 6,793.7 9,099.8 7,433.8
do.... 69,014.4 68,259.0 5,660.1 5,923.7 5,822.0 5,923.1 5,712.3 5,476.4 5,225.2 5,571.6 5,719.0 6,682.4 4,862.1
..do .... 25,969.5 23,465.0 2,035.8 2,065.1 1,852.3 2,250.3 1,724.3 2,146.4 1,756.9 1,851.7 1,728.4 2,055.6 1,861.6
do.... 20,931.6 18,477.2 1,591.4 1,568.1 1,480.2 1,635.5 1,494.4 1,526.7 1,369.4 1,529.7 1,458.0 1,516.4 1,386.2
do
do ....
'7.6
'127.2
7.6
89.2
277.4
8,392.1
'238.5
261.7
5,882.8 '5,900.5
251.5
6,824.5
730.6
6.2
1,944.2
796.9
992.8
7.6
2,575.9
1,022.9
'663.6
732.5
'4.2
6.1
2,107.6 '1,793.5
'737.8
796.7
845.2
5.7
2,088.2
888.4
25.4
1,098.6
50.5
1,511.0
'29.7
19.6
1,361.2 '1,092.6
30.8
1,431.1
5,719.0
6,681.4
4,861.9
'5,429.9
5,929.3
3,037.1
539.9
1,311.3
364.8
3,382.5
513.7
1,525.1
414.4
3,073.5 '2,701.1
'492.9
555.4
1,382.1 '1,155.9
'366.7
353.6
3,826.4
555.1
1,827.3
518.9
79.2
2,070.8
111.5
2,364.5
3.2
191.9
3.0
210.7
3.4
145.4
4.2
175.1
4.4
175.9
19.8
228.2
5.0
156.4
27.0
216.6
12.5
199.8
11.5
177.0
2,870.4
68,782.9
2,676.6
81,911.1
193.9
5,860.6
224.4
7,185.4
237.9
6,333.2
191.3
6,439.1
177.4
7,240.1
273.7
8,101.9
188.0
6,694.4
187.8
5,884.2
222.5
6,995.6
do
do....
do....
do
9,481.9
91.5
20,239.2
9,673.7
10,128.6
86.5
25,123.7
10,607.4
733.0
7.7
1,897.0
823.6
893.8
9.0
2,163.8
937.8
921.4
7.2
2,030.7
805.7
902.0
8.5
2,131.0
798.2
926.7
7.7
2,058.8
902.5
944.8
7.8
2,334.5
1,067.5
802.4
7.0
2,064.5
989.1
682.0
8.3
1,827.0
706.5
do
do
408.6
14,937.3
558.2
15,396.0
41.9
1,234.4
29.1
1,288.5
22.0
1,219.9
27.1
1,232.1
198.0
1,519.1
31.6
1,289.2
42.1
1,127.3
47.9
1,241.6
do
69,006.3
68,252.6
5,659.5
5,922.9
5,821.1
5,922.5
5,711.7
5,475.6
5,224.8
5,571.6
do
do
43,447.5
7,526.2
19,131.8
6,537.0
39,541.2
6,812.9
17,301.7
5,096.7
3,347.3
581.6
1,474.4
394.1
3,411.8
517.5
1,487.7
504.4
3,170.5
596.7
1,376.9
382.2
3,675.1
664.4
1,707.2
391.2
3,037.4
564.4
1,237.9
416.0
3,501.8
599.4
1,667.0
383.6
2,934.6
530.1
1,249.7
360.9
3,207.5
518.6
1,381.3
466.8
mil $
do
do
830.7
'574.3
'12,008.5 13,495.3
339.5
'317.4
'6,285.1 7,640.6
'5,430.7 5,930.4
'1,531.4 2,376.1
'1,319.0 1,694.1
14.2
251.0
20,004.5 21,284.4 1,778.1 1,861.2 1,779.5 2,045.8 1,601.5 1,789.5 1,608.8 1,635.7 1,619.9 1,869.2 1,651.6 '1,525.8 1,774.2
do.... 325,271.0 348,676.9 27,117.3 30,110.3 26,982.1 28,226.5 30,162.2 32,331.2 27,866.7 27,059.6 28,398.1 34,317.6 26,143.6 '25,940.6 30,532.5
do .... 18,649.3 20,802.5 1,646.5 1,799.2 1,721.8 1,982.9 1,586.4 1,826.8 1,609.4 1,653.3 1,578.4 1,918.0 1,590.1 '1,476.8 1,753.1
302.0
'346.1
322.2
do....
409.8
356.3
309.9
316.4
296.2
261.5
3,866.1
3,726.7
322.0
299.2
346.1
300.8
do
..do ....
do ....
10,391.2
53,917.1
49,606.6
10,431.5
37,309.9
34,140.4
818.0
3,874.3
3,509.5
895.3
3,330.7
3,023.7
966.3
2,175.5
1,952.5
913.2
2,700.3
2,500.2
938.4
3,184.6
2,954.8
980.2
2,933.3
2,689.4
865.5
2,510.6
2,293.7
909.8
2,933.0
2,719.9
816.6
2,662.2
2,437.7
806.6
3,014.3
2,724.1
'778.7
687.3
2,646.7 '2,564.2
2,441.1 '2,335.2
891.5
3,439.9
3,105.1
do
do
do ....
672.2
14,532.8
46,451.2
515.9
15,000.7
48,825.9
48.7
1,249.1
3,939.9
57.6
1,362.3
4,225.9
34.0
1,275.2
3,782.0
45.8
1,228.5
4,015.9
40.4
1,236.2
4,113.9
49.0
1,359.5
4,738.4
36.8
1,188.3
4,032.4
31.2
1,153.2
3,909.1
35.2
1,106.2
3,933.1
44.6
1,353.7
4,737.1
'34.5
36.9
1,208.3 '1,136.8
3,518.6 '3,886.0
34.2
1,305.2
4,126.3
do
137,263.5 161,561.6 11,953.4 14,144.9 13,187.3 13,426.4 13,908.1 14,874.9 12,714.8 12,136.2 13,548.3 16,403.9 12;354.2 '11,849.1 14,391.0
.....do.... 75,298.7 87,548.6 6,342.7 7,888.1 6,917.9 7,077.9 7,231.9 8,220.3 7,157.7 6,920.7 7,318.9 8,970.9 6,616.0 '6,362.0 7,724.9
do .... 61,964.8 74,013.0 5,610.7 6,256.7 6,269.3 6,348.6 6,676.2 6,654.6 5,557.1 5,215.5 6,229.4 7,433.1 5,738.1 '5,487.1 6,666.1
do.... 55,739.7 66,572.4 5,028.6 5,484.5 5,442.4 5,660.3 6,088.7 6,023.3 5,118:0 4,663.6 5,708.9 6,776.6 5,231.1 '5,063.0 6,075.3
:::::::::::::
S-18
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
Annual
,, ..
umts
1985
April 1987
1987
1986
1986
Feb.
Mar.
Apr.
May
June
July
Sept.
Aug.
Oct.
Nov.
Jan.
Dec.
Mar.
Feb.
FOREIGN TRADE OF THE UNITED STATES—Continued
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Unit value
1977—100
Quantity
i
do
Value
do
General imports:
Unit value
do
Quantity
do
Value
do
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight
thous sh tons
Value
mil $
General imports:
Shipping weight *thous sh tons
Value
mil. $..
1550
1130
1752
1554
1126
1750
1553
112 5
1747
1555
1201
1867
1551
1140
1768
1561
1088
1699
157 1
1064
167 2
1577
1027
161 9
1562
1097
171 3
157 2
1092
171 6
1569
1206
1892
1568
1162
1821
157 5
1149
1809
1573
1027
1616
1594
1486
2369
1540
1649
2539
158 0
1506
2379
1539
171 0
2633
1526
1552
2368
1525
1634
249 2
152 4
171 7
261 6
1530
1837
2810
1520
1597
2427
1516
1558
2363
1563
1582
247 2
1565
1904
2980
155.6
147 1
2289
157.2
1439
2262
349 964
91 679
25092
7389
25855
7*893
27 875
7441
26648
7243
23752
6598
25904
6679
27907
7 504
28376
6850
30 139
7 572
394 442
205,606
31 387
17,130
34206
18,811
29664
16,080
35933
16,497
43030
18,823
45 138
21,026
38870
17,961
43 836
16,803
35533
17,388
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Certificated route carriers:
Passenger-miles (revenue)
Passenger-load factor
Ton-miles (revenue) total
Operating revenues (quarterly) # §
Passenger revenues
Cargo revenues
Mail revenues
Operating expenses (quarterly) §
Net income after taxes (quarterly) §
Domestic operations:
Passenger-miles (revenue)
Cargo ton-miles
Mail ton-miles
Operating revenues (quarterly) §
Operating expenses (quarterly) §
International operations:
Passenger-miles (revenue)
Cargo ton-miles
Mail ton-miles
.
Operating revenues (quarterly) §. .
Operating expenses (quarterly) §
Net income after taxes (quarterly) §
bil
percent
mil
mil $
do
do .. .
do
do
do
bil
mil
do
mil $
do
bil
mil
do
mil $
.do
do
3209
621
3932
12387
9 878
1,376
198
12073
105
3560
643
4318
3808
692
4571
2875
572
3623
13365
10767
1,429
192
12230
542
2950
580
3792
2762
569
3 564
26 12
2868
332
97
3033
348
98
2292
336
94
10652
9865
314
2430
392
107
2298
346
102
598
278
33
2043
2086
198
692
296
33
774
284
582
286
32
2607
2259
229
520
326
36
463
311
43
639
633
663
724
645
1571
1561
2454
579
3 113
'33590
614
Ml 252
46504
39 175
2,684
893
1
46 504
652
r
1
270 06
J
3 132
'I 213
37618
1
36 584
J256
3093
642
3844
11 649
9 172
1,300
207
12259
685
2874
603
3595
3016
2079
296
93
26 11
2427
316
102
25 13
332
101
318
83
10229
9880
90
482
283
36
447
268
34
504
267
34
r
r
r
1
65 84
2874
443
'8304
7983
356
328
105
9679
10200
558
375
240
31
587
3751
1853
1939
•
124
oo
Urban Transit Systems
8 116
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
contract carrier service
mil tons
Freight carried—volume indexes, class I and II
intercity truck tonnage (ATA):
Common carriers of general freight,
seas adj
1967 — 100
Class I Railroads t
Financial operations, quarterly (AAR),
excluding Amtrak:
Operating revenues total #
mil $
Freight
do
Passenger, excl Amtrak . . . .
do
Operating expenses
do
Ordinary income t
Traffic:
Revenue ton-miles qtrly (AAR)
Price index for railroad freight
do
bil
.12/84=100 ..
Travel
Lodging industry:
Restaurant sales index.. ..same month 1967 — 100
Hotels* Average room sale C)
dollars
Rooms occupied
% of total
Motor hotels' Average room sale Q
dollars
Rooms occupied
% of total
Economy hotels: Average room
Passports issued
National parks recreation visits $ #
See footnotes at end of tables.
r
633
694
702
r
669
650
100
4203
4 667
316
71
182
40
41
676
176
151
r
100
4728
42
100
148 1
1367
1395
1416
r
8770
99.9
2
213
6992
64
4771
64
15252
14768
8903
7725
4,955
49 329
r
8745
r
1435
1442
1426
101.0
r
219
6600
48
6200
31
206
77 54
66
4922
65
6300
31 12
r
57
4,110
52749
382
1 308
2187
101.0
705
31
r
223
7462
66
5021
68
212
71 83
244
71 65
3149
31 60
68
4945
66
63
476
2873
66
4875
63
3062
65
329
4527
1557
153.3
156.3
3
6428
6211
30
5986
334
341
6 117
100.9
3684
3173
2,053
1751
446
2217
1538
27
100.9
63
1522
6641
6*427
r
!00.8
64
thous
do
do
100
6700
6474
26
6040
410
402
27635
26660
103
25258
1 761
1779
% of total
do
do
r
17 543
30 13
Rooms occupied
Foreign travel:
U S. citizens'. Arrivals (quarterly).
Departures (quarterly) . . .
Aliens' Arrivals (quarterly)
7976
r
101.1
101.0
2183
100.8
100.6
100.6
221.6
99.6
234
7299
69
50 18
67
230
71 03
212
6950
73
4891
72
217
7506
66
4774
59
231
7708
71
4662
61
214
7693
65
4224
55
31 04
31 84
3288
80
31 24
64
30 32
64
3233
56
313
10022
3
2953
47
4549
4184
3,300
2902
285
5659
3
226
7495
53
4576
47
2159
100.9
72
3195
3051
2911
2636
361
6962
67
5051
72
77
365
9710
4
1205
4
991
4
832
4
722
272
4417
4
1 140
4
973
4
738
4
655
274
276
2 168
1467
78.6
99.7
333
l,532
r
69.0
99.7
69.5
385
1477
1,964
S-19
SURVEY OF CURRENT BUSINESS
April 1987
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
....
1987
1986
Annual
Units
1985
1986
Mar.
Feb.
May
Apr.
June
July
Aug.
Feb.
Jan.
Oct.
Nov.
Dec.
18688
7 870
2200
12 212
3301
1088
2
6 356
2
2*687
2
753
2
4 182
2
1 137
2
2
5 880
2
2 451
2
111
839
218
32
889
68
66
Mar.
2
6 343
2
2 641
2
775
2
4 466
2
927
2
Sept.
TRANSPORTATION AND COMMUNICATION—Continued
COMMUNICATION
Telephone carriers: 0
Operating revenues #
mil $
Station revenues
do
Tolls, message
. .do
Operating expenses (excluding taxes)
do
Net operating income (after taxes)
do
Access lines * ... ...
mil
Telegraph carriers, domestic and overseas: @
Operating revenues
....mil. $..
Operating expenses
do
Net operating revenues (before
taxes)
do....
73897
31 218
8536
48553
13 140
71 685
29817
8214
47035
12934
107 3
18 151
7727
2032
11723
3404
107 6
107 6
107 6
18531
7842
2115
12027
3346
1079
1,367.0
1 2038
327.5
2998
312.1
2903
'84.4
10.4
6.2
2
1080
2
99.5
2
919
2
2.2
2
108 3
109 2
662
23952
2
1 074
2
109 4
109 5
93.7
895
.8
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
^toduction:
Aluminum sulfate, commercial (17% A12O3) $
Chlorine gas (100% C12) $
do
Hydrochloric acid (100% HC1) $
do
Phosphorus elemental $
do
Sodium hydroxide (100% NaOH) $
do
Sodium silicate, anhydrous $
do
Sodium sulfate, anhydrous $
do
Sodium tripolyphosphate
(100% NasPaOio) $
do
Titanium dioxide (composite and
pure) $
do
Sulfur, native (Frasch) and recovered:
Production
thous met tons
Stocks (producers') end of period
do
Inorganic Fertilizer Materials
Production:
Ammonia, synthetic anhydrous $
thous. sh. tons .
Ammonium nitrate, original solution $
do
Ammonium sulfate $
.
do
Nitric acid (100% HNO3) $
do....
Nitrogen solutions (100% N) $
do
Phosphoric acid (100% P2O5) $
do
Sulfuric acid (100% H2SO4) $
do
Superphosphate and other phosphatic
fertilizers (gross weight):
Production
.thous. sh. tons ..
Stocks, end of period
do
Potash, sales (K2O) . ..
do
Imports:
Ammonium nitrate
do
Ammonium sulfate ...
do
Potassium chloride .
do
Sodium nitrate.. ..
do
Industrial Gases t
Production:
Acetylene
mil. cu. ft .
Hydrogen (high and low purity)
do.. .
Nitrogen (high and low purity)
do....
Oxygen (high and low purity)
do
Organic Chemicals §
Production:
Acetylsalicylic acid (aspirin)
mil Ib
Ethyl acetate t • ••
do
Formaldehyde (37% HCHO)
do. .
Glycerin, refined all grades
do
Methanol, synthetic
mil gal
Phthalic anhydride
mil. Ib..
ALCOHOL
Ethyl alcohol and spirits:
Production. ...
......
Stocks, end of period
Denatured alcohol:
Production.........
Consumption (withdrawals) . .
For fuel use
Stocks end of period
See footnotes at end of tables.
mil tax gal
do
mil. wine galdo
do
do
1 003
10469
2777
359
10959
737
1199
1 213
10352
2 929
363
10 949
792
802
85
759
221
30
809
87
71
98
893
246
31
960
62
70
97
873
262
32
926
54
69
98
900
299
32
940
81
69
106
897
275
28
946
71
69
113
907
280
30
943
54
62
124
886
238
29
933
62
61
110
877
234
28
918
70
62
607
617
51
55
56
56
51
46
61
47
814
927
77
78
78
82
73
80
73
79
r
92
839
242
r
28
877
89
r
57
89
852
227
26
889
83
64
44
48
46
83
83
75
86
815
201
29
865
48
65
96
923
230
29
971
56
70
50
50
76
73
r
r
1 10 324
2799
9862
2748
780
2948
843
2915
828
2951
826
2977
820
2880
819
2900
815
2987
787
2919
785
2830
807
2779
872
2748
855
2,820
752
2,808
17,319
14005
1 180
1,254
1266
1255
1120
1008
1097
1109
1,162
1,100
1,218
1,333
1,214
6776
2093
7,364
2,780
10518
39651
5556
2085
6,562
2,608
9 206
36822
521
169
584
246
666
2736
613
193
691
280
842
3252
529
166
638
287
823
3212
495
192
624
253
779
3 106
448
180
528
198
721
2914
366
160
446
185
692
2899
377
157
452
185
706
2877
422
173
492
193
820
3253
456
172
522
171
906
3461
426
171
504
177
818
3 130
423
181
513
198
855
3374
485
182
r
579
245
r
794
r
3040
483
186
536
246
789
2896
15,475
1129
5964
12,710
775
5521
904
834
387
1,086
778
429
1,137
559
853
1,031
671
620
921
813
226
954
763
160
1,084
648
358
1,207
509
548
1,290
660
299
1,107
815
326
1,189
775
549
1,204
r
671
r
752
1,184
506
"492
561
403
8233
142
561
291
7 536
118
53
13
413
9
52
40
835
29
74
66
1 229
13
57
12
729
17
48
21
347
13
19
16
268
28
29
552
12
28
g
717
3
25
12
409
0
28
25
607
8
64
17
526
4
29
39
591
2
54
35
714
15
5,051 r4 726
121,345 r
122,629
665,190 r671,183
392 554 399 347
324
9488
53285
32563
354
9818
57,226
34725
403
9783
57,009
34 050
359
10 181
54899
32419
433
9,934
56,902
32943
427
10,541
55,408
33078
462
10,028
57,305
32627
465
10,085
55,626
32590
473
11,832
55,995
33847
478
11,293
55,389
34,756
482
11,339
51,292
30,937
1
'282
'1920
5,606.1
321 1
'7535
'820.2
r
271
'1985
5 860 9
2950
r
rl
254
rl 1 102 8
r
'8642
58
422
1 511 1
253
2235
216.3
339
10048
55731
33456
284
267
71
542
1 511 4
259
2294
210.9
(3)
r
345
10 587
r
55,077
r
33 197
230
25 1
67
512
13953
188
284 1
2242
239
681 0
462
51 5
375
565
415
525
417
556
394
50 1
383
489
398
502
368
567
358
622
476
507.7
5138
2229
265
309
325
164
18 1
36.1
365
183
238
34.7
388
191
28 1
33.8
405
254
193
40.2
333
153
26 1
34.5
358
172
260
305
356
177
230
311
374
194
200
37.4
350
146
236
249
r
75
44.7
1,467.1
228
2848
208.3
r
r
236
235
S-20
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
Annual
,, .,
Umts
1985
April 1987
1987
1986
1986
Feb.
Apr.
Mar.
May
June
July
Sept.
Aug.
Nov.
Oct.
Mar.
Feb.
Jan.
Dec.
CHEMICALS AND ALLIED PRODUCTS—Continued
PLASTICS AND RESIN MATERIALS
Production:
Phenolic resins
mil. lb..
Polyethylene and copolymers
do ....
Polypropylene
do ....
Polystyrene and copolymers
do....
Polyvinyl chloride and copolymers
do ....
PAINTS, VARNISH, AND LACQUER 0
Total shipments
mil $
Architectural coatings
do
Product coatings (OEM)
. .do
Special purpose coatings
do ....
1
1
1
5,654.4
1
1
1,519 6
n
16,217.6
rl
5,834.6
1
91748
38253
33835
1,966.1
96791
41211
35659
1,992.1
1,713.8
15,318.1
7,229.0
'66679
3643
3,986.9
1,417.8
1,467.2
18770
3500
3,949 8
1,418.4
1,405.7
1 811 2
5,794.3
74991
6984
2652
2898
143.4
766 2
3223
2850
159.0
9205
4289
3092
182.4
916 1
4202
3048
191.1
9000
4128
2969
190.4
393.5
4,153.5
1,481.4
1,437.5
19275
3641
41297
1,466 2
1,470.6
1 8835
8710
4113
2707
189.0
8608
3928
2869
181.0
8580
3606
3220
175.4
8804
3402
3703
169.9
661 7
257 4
2704
133.9
225 159
203 976
21 183
206 622
185 503
21 119
197 497
176 280
21 218
6284
2350
2660
127.4
r
7246
r
2741
r
782.9
304.9
328.8
149.1
196 404
173 251
23153
3107
139.9
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production:
Electric utilities total
mil kw -hr 2 469 841
By fuels
do
2 188 686
By waterpower
do
281 149
Sales to ultimate customers, total (Edison
Electric Institute) $
mil. kw.-hr.. 2,315,006 1 2,361,423
Commercial §
do
608 480 1^32811
Industrial §
do
821 990 1 817 531
Railways and railroads
do
M730
4697
Residential or domestic
do
797 010 1 822 423
1
Street and highway lighting
. do
13,954
14,387
1 63 453
Other public authorities
do
63 122
J
Interdepartmental
do
6086
5*753
Revenue from sales to ultimate customers
(Edison Electric Institute) $
mil $
149 836 1 153 146
GASt
Total utility gas, quarterly
(American Gas Association):
Customers, end of period, total @
Residential
Commercial
Industrial @
Other
Sales to customers, total
Residential
Commercial
Industrial . .
Electric generation *
Other
Revenue from sales to customers, total
Residential
Commercial
Industrial
Electric generation *
Other
thous..
do
do
do . .
do
tril Btu
do
do .
do
do
do
50,158
46099
3834
178
47
12616
4,513
2,338
3686
1*949
130
mil $
do
do
do
do
do ....
63293
26864
12723
15659
7428
620
192 433
169 114
23319
196 711
168 366
28346
187 180
159 617
27562
198 346
171 102
27 244
215 022
188 791
26230
242 673
218 600
24073
594,034
151 284
199 337
1271
220 216
3,839
16532
1 555
553,878
152 473
204 079
1116
175 244
3,428
16065
1 474
639,734
176 794
209 627
1 145
230 346
3471
16662
1 689
576,255
154 585
204 129
1212
195 458
3,875
15621
1376
37609
35503
43212
36270
51,010
46863
3922
177
47
1
10 815
4416
1
2,240
2689
z
l 340
130
51,033
46840
3963
183
47
4288
2064
993
928
250
53
50,759
46627
3905
180
47
2HO
739
386
623
338
24
50,405
46348
3824
175
47
1 621
385
252
534
432
17
51,010
46,863
3,922
177
47
2,803
1,231
616
606
312
38
50286
24874
11 275
19977
'3621
540
21 151
11 267
5 128
3*682
6857
2563
1 258
1 814
1*164
58
12669
6661
2927
2137
798
147
1
9613
4382
1 987
2283
862
99
832
240
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Taxable withdrawals
do
Stocks, end of period
do
Distilled spirits (total):
Production
mil tax gal
Consumption, apparent, for beverage
purposes #
mil wine gal
Stocks, end of period
mil tax gal
Imports
mil proof gal
Whisky:
Production
mil tax gal
Stocks, end of period
do
Imports
mil. proof gal
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
wineries
do
See footnotes at end of tables.
193 31
17513
1307
196 49
17838
1342
15 21
1301
1422
16 50
1466
1468
17 99
1602
1524
1867
17 10
1513
1865
1659
1538
1833
1726
1522
1706
1578
14.41
1526
1402
1406
1562
1464
13.75
1353
1248
13.40
1397
12.84
13.42
15.60
13.61
14.07
7 84
869
862
668
708
606
449
528
7 48
10359
2628
53007
697
31 49
53047
784
3072
52450
792
3069
52867
7 65
3388
52463
795
3175
521 06
892
3081
51600
809
51051
820
50384
10 40
14 15
867
842
1307
60 17
46053
7968
6768
532
45954
466
577
46003
530
661
45434
504
4 46
45965
488
421
45754
536
373
45479
557
1 95
45037
503
2 18
44463
574
395
440 14
7.10
9.56
5.08
3.92
10.33
32 19
3086
1469
1576
3057
3009
1596
1430
245
2 17
1701
104
240
146
1792
97
301
2 14
1856
110
301
207
17 16
97
422
466
1873
134
285
472
1590
249
267
389
1596
156
46
596
r
9678
1 416 30
53046
11578
r
r
454
r
r
221
1 05
17 27
76
1 43
331
1546
101
1 18
2 15
1283
87
3 16
1 01
1752
96
54
413 00
594 60
12100
48189
45981
59843
9031
487
31 03
57010
631
456
3563
55097
800
485
4330
53954
737
454
4133
47874
798
441
4552
43971
744
524
4360
40586
710
97 65
5136
45906
636
18541
3237
601 25
638
10943
3820
61481
818
3003
3430
62653
895
2440
3361
59843
667
15398
143 17
11 18
690
628
410
387
408
2277
2996
27 18
10 12
8 19
.80
5.76
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
S-21
SURVEY OF CURRENT BUSINESS
April 1987
Annual
.,..
1987
1986
Lnits
1985
1986
Feb.
Mar.
May
Apr.
June
July
Nov.
Oct.
Sept.
Aug.
Jan.
Dec.
Mar.
Feb.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter:
Production (factory)
mil Ib
Stocks, cold storage, end of period
do ....
Producer Price Index
1967—100
Cheese:
Production (factory), total
mil. Ib.
American whole milk
do
Stocks, cold storage, end of period
do....
American, whole milk. . . . . .
do
Imports
do
Price, wholesale, cheddar, single daisies
(Chicago). .
$ per Ib
Condensed and evaporated milk:
Production, case goods
mil Ib
Stocks, manufacturers', case goods, end of
period
do
Exports
do
Fluid milk:
Production on farms
do
Utilization in manufactured dairy
products. ...
do
Price, wholesale, U.S. average
$ per 100 Ib ..
Dry milk:
Production:
Dry whole milk
mil Ib
Nonfat dry milk (human food)
do
Stocks, manufacturers', end of period:
Dry whole milk
do
Nonfat dry milk (human food)
do
Exports, whole and nonfat
(human food)
do
Price, manufacturers' average selling, nonfat
dry milk (human food) . . . . . .
$ per Ib
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye,
wheat)
'
mil bu
Barley:
Production (crop estimate) . .
do
Stocks (domestic), end of period, total
do
On farms
do
Off farms
do
Exports, including malt §
do....
Producer Price Index, No. 2 feed,
Minneapolis . .
1967—100
Corn:
Production (crop estimate, grain
only)
mil. bu .
Stocks (domestic), end of period, total
do....
On farms....
..
do
Off farms
.
do
Exports, including meal and flour
do ....
Producer Price Index, No. 2, Chicago
1967—100
Oats:
Production (crop estimate)
mil. bu..
Stocks (domestic), end of period,
total
do
On farms
do
Off farms....
do
Exports, including oatmeal
do
Producer Price Index, No. 2, Minneapolis
1967 = 100..
Rice:
Production (crop estimate)
mil. bags # ..
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
mil. Ib..
Shipments from mills, milled
rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of period
mil Ib
Exports . .
do
Producer Price Index, medium grain,
milled...
1967=100..
Rye:
Production (crop estimate)
mil. bu ..
Producer Price Index, No. 2,
Minneapolis.
1967-100 ..
Wheat:
Production (crop estimate), total
mil. bu
Spring wheat
do ....
Winter wheat
do
Distribution, quarterly @
do
Stocks (domestic), end of period, total
do
On farms
do
Off farms
do
Exports total including flour
do
Wheat only
do
See footnotes at end of tables.
1 247 8 1 207 6
193.0
205.5
2230
217 1
5,024 9
28544
852.9
7588
3025
5,225 8
28343
693.6
6017
3114
1202
283.3
2129
1194
242.4
2129
r
3987
2272
813.2
721 9
372
r
1217
305.0
2132
4610
266 1
838.4
7429
175
4805
2808
873.3
7785
199
1 556
1 557
1 558
846
253.3
2360
r
218.5
r
2353
1009
193.0
2351
1092
206.6
211.3
978
'231.6
210.5
4249
2240
4148
201 7
r
916.2
r
r
859.0
r
7599
258
425.4
207 1
805.0
7112
307
397.6
1955
757.0
6655
332
435.8
2229
693.6
6017
31.3
413.6
2195
680.8
587.2
14.4
r
652.9
r
1 597
1 599
1 599
1599
81 5
337.6
2204
723
304.4
234 9
4591
262 1
892.8
7944
245
4393
244 l
915.6
815 1
246
1 558
1 572
r
462.7
2636
815.7
7246
209
r
79 2
279.6
2348
920
342.8
2140
1160
330.8
2134
r
r
816 0
231
840
254.5
211.9
400.9
2112
564.8
15.5
1 620
1 575
6353
5690
435
502
526
538
498
493
478
466
449
428
446
39.8
41.1
623
116
450
108
727
15
732
25
862
17
91 6
4
1035
5
1069
3
111 8
5
105 1
5
878
5
62 1
6
450
6
499
2
533
.4
143 667 I0122,185
644.8
554.6
1 556
1 596
(9)
9565
10,659
10,630
11213
10,649
10,468
10169
9,662
9,732
9,400
9,717
9,932
9,279
10,376
82 977
12.42
6721
12.40
7495
12.20
7733
12.00
8000
12.00
7445
11.90
7 156
12.00
6612
12.20
6309
12.70
6272
13.10
5734
13.40
6371
13.40
6,468
13.30
6304
12.90
"12.60
121 5
1189
1 390 0 12978
107
1147
11 5
1281
101
1372
86
1440
88
1367
108
115 1
11 2
959
114
752
98
687
102
682
92
904
113
821
126
80.3
65
782
67
579
63
633
70
744
69
792
49
852
45
853
68
67 2
68
65 1
66
521
43
399
56
437
67
579
65
553
80
665
2761
4824
271
412
259
400
167
413
771
456
579
520
39.5
20.4
24.3
849
810
812
807
807
810
808
807
808
808
810
816
814
802
794
26950
2083 9
1929
1633
1177
962
1407
1554
1829
1955
230 6
1903
1799
1774
83023
12.75
2
5914
5309
3656
1654
34.8
2
6105
4
324 8
4
199 3
4
181 8
4
324 8
4
199 3
4
125 3
75.9
.1
.2
.8
125 6
.5
.3
1.6
12.5
12.8
16.6
14.4
14.7
1.3
16.5
121 3
150 1
2
r
1359
1387
1266
1274
1104
101 9
934
101 9
1232
141 8
1189
1185
1182
119.6
5,947.1
39820
1 965 1
97.6
109.9
104.4
8,246.8
50240
32228
98.9
193 0
187 1
1328
1200
1185
8 865.0 2 8,252 8
10,304.1
7,894.8 r77
55286 6 795 5
23662 r?3 508 6
1,731.6 1,064.7
2048
161 6
3
4,990.0
33 143 i
3 1 847 o
56.9
46.6
1897
199 8
55.9
199 0
'4,039.5
1 2 049 4
1
1*990 1
44.8
50.0
80.3
1336
1168
1582
10,304.1
67955
r
3 508 6
114.3
124.1
1266
1122
520.8
4
183 7
4
147 2
4
36 5
39
1
3
1
365
8
1
3
4
4
5
2
.4
.1
.2
216.8
188.6
185.4
191.1
158.1
174.6
174.6
153.8
158.1
179.6
199.0
247.9
238.5
237.1
235.7
1197
2
3796
311 2
684
17
118.1
551
2
2
384.5
4
183 7
4
147 2
4
235.7
10242
201
148
452
692
487
391
1 166
3524
1 200
785
990
230
5659
6556
436
382
399
556
623
624
632
689
616
616
645
603
583
2751
4 101
3046
5 111
2330
163
2 144
249
1 720
208
1 559
212
1310
450
960
603
1 180
778
2819
835
3034
565
2975
446
3046
323
2,737
343
2,556
411
206.3
178.7
207.5
197.2
189.2
182.7
181.0
170.6
170.3
164.4
159.2
155.9
155.8
153.9
148.5
148.1
2
2
2
9230
8
134.9
2
1955
1976
191.2
1976
1589
1289
1289
1375
139.6
1461
171.8
169.7
169.2
167.5
1087
1040
842
3 1546
12930
1,861 6
1199
1134
71.6
65.0
2,253.1
796.0
1,457.1
660
62.5
20.6
196 9
134 4
19.5
167.2
2
2,087
2425
2
2
598
568
1828 21 519
2080
2132
25262 "2 671 5
10112 7 10630
15150 r7 1608.5
9390
9268
8837
893 1
2
390
73 1
677
2,130 1
7994
1,330.6
652
601
354
19050
'6811
4
1,223 9
599
484
540
463
4
844
795
6
494
2,671 5
1,063.0
1,608.5
612
895
591
835
r
1020
978
548
496
S-22
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
.. .,
unus
1985
April 1987
1987
1986
Annual
1986
Mar.
Feb.
Apr.
June
May
July
Nov.
Oct.
Sept.
Aug.
Jan.
Dec.
Mar.
Feb.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS-Continued
Wheat—Continued
Producer Price Indexes:
Hard, winter Ord, No. 1, Kansas City
204.6
1967=100..
176.9
Spring, No. 1, D.N. Ord, Minneapolis
186.4
1967 = 100..
160.5
Wheat flour:
Production:
Flour
thous sacks (100 Ib )
313 815 333 380
Millfeed
thous sh tons
5556
5921
Grindings of wheat .. . ...
thous bu 700 151 745 764
Stocks held by mills, end of period
4847
thous sacks (100 Ib )
4867
Exports
do
14454 23741
Producer Price Index
6/83-100
914
966
197.7
199.5
195.8
224.1
172.7
152.1
149.2
151.0
157.6
158.8
163.9
161.5
166.1
173.9
183.0
180.9
185.6
176.6
145.5
124.2
135.8
147.9
148.7
156.0
154.5
155.3
151.2
144.0
27 069
471
60 128
25172
440
55386
25938
450
57729
26423
461
58 904
26 155
458
58394
27030
481
60697
29495
527
66 125
29679
536
66682
30931
559
69671
29387
536
66307
28 698
523
64 646
'26 802
'490
'60 324
26746
494
60287
2312
964
4466
2171
964
2526
948
888
997
4786
2089
928
2044
879
2791
870
4948
1824
854
2541
869
941
'86.8
4867
2240
866
2800
86.6
1,508
88.9
1 311
1 365
'1 545
1415
89.1
POULTRY AND EGGS
Poultry:
Slaughter
mil Ib
Stocks, cold storage (frozen), end of period,
total
.....mil. Ib..
Turkeys
do
Price, in Georgia producing area,
live broilers
$ per Ib ..
Eggs:
Production on farms
mil. cases §..
Stocks, cold storage, end of period:
Shell....
thous. cases § ..
Frozen
mil Ib
Price, wholesale, large (delivered; Chicago)
$perdoz..
16972
18 022
1 515
1 521
1 523
1 549
1 527
1 629
1 675
1 400
1 553
324
150
369
r
!78
r
343
164
r
340
151
'381
189
r
415
r
229
'484
r
298
569
388
629
449
'689
512
'716
'543
423
'249
369
178
.280
.329
.270
.280
.275
.290
.320
.420
.460
.360
.385
.330
.295
190.0
190.3
14.7
16.4
15.7
16.1
15.6
15.8
15.9
15.4
16.1
15.9
13.9
24
13
22
13
21
13
20
11
32
12
44
12
38
14
25
15
33
15
29
14
20
14
29
13
22
13
20
14
'25
13
32
14
.634
.681
.657
.769
.626
.620
.573
.694
.700
.694
.663
.741
.728
.644
.620
.592
256
2613
276
2726
284
3096
257
3123
240
3017
281
3213
262
3101
263
3019
276
3164
238
2693
272
2,944
248
3,084
225
2,564
251
2,805
389
198
'409
'211
430
229
.295
1
.275
.270
13.8
12.4
14.0
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous animals
Cattle
do
Prices, wholesale:
Beef steers (Omaha)
$ per 100 Ib
Steers, stacker and feeder
(Kansas City)
do
Calves, vealers (So. St. Paul) . .
do
Hogs:
Slaughter (federally inspected) thous. animals..
Prices:
Wholesale, average, all weights (Sioux City)
$ per 100 Ib..
Hog-corn price ratio (bu. of corn equal in
value to 100 Ib. live hog)
Sheep and lambs:
Slaughter (federally inspected) thous. animals..
Price, wholesale, lambs, average (Omaha)
$per lOOlb..
MEATS
Total meats (excluding lard):
Production
mil. Ib .
Stocks, cold storage, end of period
do ....
Exports (meat and meat preparations)
do
Imports (meat and meat preparations)
do
Beef and veal:
Production, total
do
Stocks, cold storage, end of period
do....
Exports
..
do
Imports
do
Price, wholesale, beef, fresh steer carcasses,
choice (600-700 Ibs.)
(Central U.S.)
$ per Ib
Lamb and mutton:
Production, total
mil Ib
Stocks, cold storage, end of period....
do ....
Pork (excluding lard):
Production total
do
Stocks, cold storage, end of period
do
Exports
do
Imports
do
Prices:
Producer Price Index, Hams, smoked
1967=100..
Fresh loins, 8-14 Ib. average,
wholesale (N.Y.)
$ per Ib
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans, imports
(including shells)
thous. Ig. tons.
Coffee:
Imports total
thous bags A
From Brazil
do
U S Import Price Index *
6/77—100
Fish:
Stocks, cold storage, end of period
mil. Ib.
See footnotes at end of tables.
3168
34765
r
3 195
35 913
r
5837
5774
5642
5555
53 69
5579
5408
5827
5904
5943
5973
6154
5982
5879
61.02
61.58
6208
5828
6038
5992
6168
5250
5999
5500
5668
5500
6221
5583
5369
6110
5798
6213
6220
6250
6151
6750
6194
6750
6277
67.50
6283
6750
6575
65.94
69.01
68.28
68.47
70.00
77,290
'6,158
6,662
7,160
6,703
5,894
5,918
'5,799
6,323
'7,083
'6,064
6,558
6,723
5,886
6,786
44.98
50.73
43.80
41.08
40.59
46.43
54.95
61.59
63.66
59.59
54.86
54.44
52.02
47.56
49.08
48.67
176
26 1
184
17 6
17 3
192
227
359
405
379
359
337
321
'339
331
495
401
442
418
390
432
81,974
r
r
295
r
5,976
5,464
441
524
477
417
406
432
426
495
68.41
67.54
68.50
67.00
68.00
80.75
74.71
70.50
66.16
62.45
57.23
65.17
72.70
77.25
74.62
82.50
2942
615
3133
'620
3180
'572
3259
'541
'3506
'572
'2,986
'564
'3,261
'564
3,410
598
2,877
'599
3,198
596
39,131
607
r
39 050
'564
r
r
3477
'622
r
3388
'667
r
3156
'639
r
3281
'619
r
1 461
1722
123
123
132
139
121
125
147
159
188
170
171
151
133
25H
2544
196
197
179
180
213
260
232
232
223
237
168
211
218
1809
'313
60
115
1903
308
50
109
2 155
311
60
101
2 152
328
59
104
2068
331
50
137
'2 192
346
56
165
2 117
327
80
148
2093
299
87
143
2190
301
107
127
1845
304
82
136
2,012
318
80
87
2,141
327
76
118
1,783
'313
64
131
1,945
316
868
850
833
864
836
892
910
905
918
957
920
897
.917
.929
27
14
32
12
30
15
24
14
'28
13
25
12
24055 '24 722
329
318
660
884
1 449 1 505
913
890
r
350
13
330
13
14726
229
192
934
13 998
197
133
928
1 106
239
9
72
1 198
254
11
77
1 292
r
245
14
69
284.5
312.5
277.2
272.3
1136
1 285
1 162
1 125
29
13
25
13
24
14
r
26
14
r
24
14
27
14
25
15
30
14
1 285
216
11
87
'1 117
206
13
91
'1 221
197
13
74
1 244
218
10
85
1070
229
9
77
1,226
223
'376.5
371.6
310.1
295.2
292.8
1 251
1 191
1 241
1 132
1 211
r
276
14
67
1 065
248
14
70
1 063
215
9
84
1037
185
77
1 137
186
g
80
261.4
265.7
276.7
308.3
336.4
346.4
368.2
1 135
1 126
1325
1 486
1 504
1440
1 305
1 216
266.1
201.5
17.1
15.1
9.3
19.0
16.1
21.2
22.5
11.8
7.8
14.9
17.2
26.1
28.0
18698
4 148
591
19483
2200
778
1836
340
1 645
121
965
1 667
264
1 810
172
1 286
68
751
1 549
47
1 513
84
1 641
60
77 5
1 535
239
1 449
91
1 192
156
622
1 092
177
1 218
118
362
353
284
259
263
280
299
358
357
353
323
262
340
364
'296
492
"289
S-23
SURVEY OF CURRENT BUSINESS
April 1987
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
1985
1987
1986
Annual
.. .,
1986
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
FOOD AND KINDRED PRODUCTS; TOBACCO— Cont
MISCELLANEOUS FOOD PRODUCTS-Cont.
Sugar:
Exports, raw and refined
sh. tons .. 375,782 454,394
Imports, raw and refined
thous. sh. tons ..
1,913
2,423
Producer Price Indexes:
Raw (cane)
1967 = 100 ..
292.2
291.3
Refined
12/77= 100 ..
166.4
165.6
Tea, imports
thous. lb.. 174,617 197,963
TOBACCO
Leaf:
Production (crop estimate)
Stocks, dealers' and manufacturers',
end of period
Exports, incl. scrap and stems
Imports incl scrap and stems
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
Taxable
Cigars (large) taxable
Exports, cigarettes
20,528
131
34,846
208
22,788
158
31,891
173
19,934
152
21,618
191
60,083
115
57,027
158
35,292
127
45,016
203
44,423
123
83,683
33
49,937
129
288.0
165.1
13,219
291.6
165.7
21,719
289.5
165.1
19,002
288.8
165.1
15,747
293.8
164.9
14,970
293.7
165.0
19,732
292.9
166.6
14,626
293.2
167.5
18,110
296.9
168.4
14,864
299.0
168.5
14,965
294.4
169.1
14,086
299.7
169.2
15,206
304.8
169.1
14,495
do
4,979
5,293
thous. lb.. 538,648 466,630
do
430,273 457,658
31,869
26,374
5,145
48,826
40,183
45,947
47,524
28,437
42,601
4,847
22,418
30,041
16,372
40,742
23,684
45,716
4,902
22,144
39,498
32,926
44,280
66,347
41,906
4,979
106,080
26,287
59,598
31,635
25,388
50,385
millions.. 66,491 74,301
do
594,922 583,020
r
do
2,889
2,916
do .... 58,968 63,945
5,063
43,179
179
5,290
5,906
51,458
220
5,037
5,645
48,015
248
4,331
5,232
52,392
268
5,228
6,403
55,974
272
5,416
5,754
38,417
261
5,610
6,096
51,401
242
5,485
8,779
50,808
261
5,329
7,555
51,965
258
6,413
5,646
49,220
210
6,623
6,069
48,793
250
5,041
6,440
38,100
217
5,021
6,663
11 902
3904
16769
391 8
11,502
3884
13,043
3822
14,003
r
3868
15,581
4035
12,172
3953
15,625
3998
17,942
1
mil. lb
1
1,512
305.9
169.2
1,198
LEATHER AND PRODUCTS
LEATHER
Exports:
Upper and lining leather
Producer Price Index leather
thous. sq. ft . 131 505 160,888
1967—100
353 1 r383 1
14,560
3836
13,945
394 1
20296
19885
17509
17 954
20265
19069
20 840
17 953
16462
17337
15340
4374
582
436
1 039
15043
4370
472
456
899
12974
4095
440
475
1 080
14 846
2501
607
239
927
16 343
3210
712
407
732
14973
3465
631
464
930
16 431
3730
679
620
1057
14 214
r
3,137
602
486
848
13 918
1,938
606
445
785
14,900
14,510
2,484
2,338
558
488
473
442
1 078 1,214
112.6
225.9
105.0
112.6
224.5
104.3
112.6
224.1
101.1
111.3
224.4
104.1
112.8
222.9
104.0
113.6
223.0
104.5
113.7
226.7
104.5
113.8
226.1
104.6
114.0
226.1
104.6
, 114.1
227.6
104.5
10849
3688
13,050
3689
13,652
3702
20845
20 476
16479
3867
499
419
664
15781
4167
528
432
707
112.5
224.7
105.6
112.6
225.9
105.0
4078
LEATHER MANUFACTURES
Footwear:
Production total Q
thous pairs r265 474 233 465
Shoes, sandals, and play shoes,
except athletic
thous pairs r200 240 184 214
r
Slippers.......
do
54 421 42416
Athletic
do
10 813
6835
r
Other footwear
do
2732
5293
Exports
do
9205 10 277
Producer Price Indexes:
Men's leather upper, dress and casual
12/80=100..
112.9
109.7
Women's leather upper
1967=100..
223.5
224.8
Women's plastic upper
12/80=100..
104.0
104.4
114.6
228.5
100.0
115.0
230.2
104.5
LUMBER AND PRODUCTS
LUMBER— ALL TYPES #
National Forest Products Association:
Production, total
. . .
mil bd ft
Hardwoods..
.. ..
do
Softwoods...
do
Shipments total
do
Hardwoods . .
do
Softwoods
. .
do
Stocks (gross), mill, end of
period total
do
Hardwoods
do
Softwoods
do
Exports, total sawmill products . . . .
do
Imports total sawmill products
do
2
37 352
6 031
31 321
2
37 023
2
5873
2
31 150
2
2
6484
1719
4765
2
41 680
6 955
34 725
2
41 615
2
7 165
2
34 450
3046
559
2487
2899
529
2370
3347
522
2825
3478
541
2937
3362
538
2824
3321
536
2785
3405
524
2881
3538
515
3023
3355
525
2830
3 498
512
2 986
2961
'434
2527
2979
427
2552
3 441
486
2955
3344
502
2842
3397
*538
2859
3291
550
2741
3820
660
3160
3689
685
3004
3496
798
2698
3480
845
2635
3623
888
2,735
3791
1056
2735
3,293
396
2,897
3350
449
2901
6549
1 509
5040
6916
1957
4959
6784
1938
4846
6826
1 940
4886
6697
1 949
4748
6361
1756
4605
6393
1*778
4615
6484
1762
4722
6590
1*750
4840
6653
1 724
4929
6715
1 677
5038
6549
1509
5040
6495
1456
5,039
ioi2
803
766
1078
1 222
694
650
723
691
1 013
47
9
38
801
668
759
783
989
48
7
41
867
756
790
779
1 000
57
16
42
780
748
824
788
1036
56
13
43
314.8
333.9
2
2
14 178
14 607
1 159
1 325
1 380
1 438
1 411
1 594
1 272
1 334
8,044
528
8062
8077
899
486
127
358
9,058
668
9008
8918
989
522
105
417
659
600
671
617
989
51
12
39
833
638
739
795
933
49
9
40
679
594
739
723
949
45
10
35
741
497
780
838
891
48
g
40
702
452
684
746
813
39
9
30
650
522
572
580
805
32
6
26
754
580
748
696
857
42
7
34
810
597
873
793
937
36
7
29
852
647
846
802
981
48
11
37
336.6
331.5
303.6
316.1
348.0
358.2
331.1
341.4
339.3
345.4
333.5
SOFTWOODS
Douglas fir:
Orders, new
.....mil. bd. ft.. '
Orders, unfilled, end of period
do....
Production
do
Shipments........
do
Stocks (gross), mill end of period
do
Exports, total sawmill products
do
Sawed timber
do
Boards, planks, scantlings, etc ..
do
Producer Price Index, Douglas fir, dressed
1967 = 100..
See footnotes at end of tables.
r
329.4
317.6
326.5
S-24
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
,, ..
units
Annual
1985
April 1987
1987
1986
1986
Mar.
Feb.
Apr.
May
June
Aug.
July
Nov.
Oct.
Sept.
Jan.
Dec.
Mar.
Feb.
LUMBER AND PRODUCTS—Continued
SOFTWOODS-Continued
Southern pine:
1
Orders, new
mil bd ft
10 763
Orders, unfilled end of period
do
680
i 10 730
Production . .
do
1
Shipments.. ..
do
10 644
Stocks (gross), mill and concentration yards,
end of period
mil bd ft
1894
Exports, total sawmill products
thous bd ft
169 925
Producer Price Index, southern pine,
dressed
...1967=100..
300.6
Western pine:
Orders, new
mil bd ft
9247
Orders, unfilled, end of period
do....
433
Production
do
9276
Shipments
do
9221
Stocks (gross) mill end of period
do
1 312
Producer Price Index, other softwood,
dressed
1967=100..
378.7
1
778
721
846
837
765
710
833
775
1,082
808
966
984
1892
15 176
1947
17 302
2007
16531
1,992
19889
20611
295.5
287.9
'289.1
290.4
295.8
305.0
986
510
972
943
1 302
993
517
1007
986
1 323
947
531
962
933
1352
812
519
841
824
1 369
828
452
864
895
1338
955
554
840
853
1325
887
590
883
851
1357
383.3
387.2
409.6
399.5
407.3
401.3
401.3
419.6
8.8
113
4.1
9.2
126
4.3
8.3
127
5.3
7.4
147
5.1
7.9
11 2
5.5
7.5
122
7.4
103
752
72
964
6
87
703
1
77
1154
10
11 523
710
11 605
1 11 492
890
687
825
816
986
678
968
997
781
618
878
842
910
570
949
949
2007
187258
1881
13278
1852
15780
1888
17007
1892
19256
1866
15686
1 874
12059
299.5
288.8
304.1
324.5
317.0
306.1
302.6
303.6
10480
452
10487
10461
1 338
728
501
736
712
1367
909
553
828
857
1 338
836
498
893
891
1340
856
464
839
890
1 289
935
457
891
943
1 260
869
467
872
859
1 273
390.4
371.4
379.8
400.0
392.5
383.6
8.2
122
3.7
86
124
3.6
9.5
125
3.5
8.8
11 8
4.7
1
1 031
620
955
982
845
726
798
822
790
634
919
891
703
657
676
676
1 895 1 897
16129 15946
1 085
732
1 014
955
317.6
426.5
HARDWOOD FLOORING
Oak:
Orders, unfilled, end of period
Shipments
Stocks (gross), mill, end of period
mil. bd. ft .
do
do....
55
121 8
6.2
75
1452
7.4
66
106
4.2
8.3
124
7.1
9.4
123
6.9
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous. sh. tons ..
Scrap. .
do
Pig iron
do
Imports:
Steel mill products
do
Scrap
do
Pig iron
do
Iron and Steel Scrap
Production
thous sh tons
Receipts, net
do
Consumption
do
Stocks, end of period
do
Producer Price Indexes, iron and steel scrap:
No 1 heavy melting composite *
1967 — 100
Pittsburgh district *
do
Ore
Iron ore (operations in all U.S. districts):
Mine production .
thous Ig tons
Shipments from mines
do
Imports
do
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel
plants
do
Consumption at iron and steel
plants
do
Exports (domestic)
do
Stocks total end of period
do
At mines
do
At furnace yards
do
At U S docks
do
Manganese (manganese content),
general imports
do
Pig Iron and Iron Products
Pig iron:
Production (including production of
ferroalloys)
thous. sh. tons.
Consumption
do
Stocks, end of period
do..
Producer Price Index, basic
6/82 100
Castings, gray and ductile iron:
Shipments, total.
thous. sh. tons
For sale
do .
Castings, malleable iron:
Shipments total
do
For sale
do
See footnotes at end of tables.
r
65
731
932
9950
32
929
11 704
47
73
892
4
74
1 185
1
72
1 063
10
61
960
1
70
898
2
68
803
9
86
1011
2
(2)
24256
611
344
20698
724
295
2043
66
13
1 966
66
3
1 601
46
52
1 627
36
22
1732
39
14
2060
49
31
1529
101
33
1 586
69
44
1359
48
20
1927
96
26
1521
57
13
1500
63
13
3
30 455
3
38'816
3
70 493
3
2 410
3234
5729
4794
2576
3311
6071
4698
2642
3420
6 134
4715
2512
3241
5896
4685
2348
3083
5594
4634
2201
2875
5100
4680
1 871
3044
5026
4566
1838
3168
4967
4595
1881
3288
5239
4545
1763
3086
4935
4467
1762
5 104
26335
37 962
65374
4413
r
3057
r
4867
r
2733
2876
2662
2780
2748
2856
2690
2744
267 2
2744
2642
2633
2578
2596
2582
2689
2677
2837
2657
2837
2657
2837
2667
2837
2703
2986
48751
49411
15955
38882
42374
16749
3443
1 106
1209
3840
1226
1168
4363
4356
1 444
4836
5354
1742
3096
4*527
1 943
3086
4799
1700
3041
4600
1 120
2986
4 147
1 444
2767
4093
1191
2221
4036
1,228
2342
3375
1267
61 757
51307
2 165
2738
5558
4249
4555
4,585
4,480
4281
1,616
63658
7 135
29389
5968
21 290
2404
55283
6501
5209
3872
529
C
23 624
5875
C
16 086
1663
3771
369
C
22 695
4,061
16 795
1839
3913
469
22 133
2,983
17 163
1987
4242
71
21 817
5,347
14334
2,136
828
883
104
50,446
51 460
3
239
984
43,839
10017
6,432
r
7188
r
87
728
1
1736
2916
4701
4028
4
376
198
4611
r
471
153
4401
r
2782
330
959
1,852
76
14
438
4634
6685
6095
5425
5522
(2)
218
143
26 184 25 140 23 997
10407 12998 13*035
13936 11 102 10'312
1 841 1 040
*650
5347
533
25 048
12635
ll'373
1*040
4655
589
25 073
11*210
12754
1 109
53
98
51
47
75
79
93
58
76
84
30
31
4,002
3825
269
979
4,341
4 123
257
4,341
3949
265
979
4,284
3946
257
97 8
3,697
3527
239
97 8
3,526
3428
248
2,966
2964
241
2,982
2869
227
3,161
3,015
228
3,097
2,972
221
3,146
3,214
3,069
557
327
589
360
697
429
641
420
589
376
568
382
562
395
601
389
681
428
550
367
35
13
39
13
47
18
39
15
37
10
35
8
31
11
36
11
46
15
41
12
3754
4274
4066
1 650
1 160
828
24 940 23 417 C23 706
7166
7*960
9 511
14350 14455 C15 375
1 079 1 002 1165
r
566
r
374
r
42
12
643
417
46
15
3,891
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
S-25
SURVEY OF CURRENT BUSINESS
April 1987
Annual
n •*
Lnits
1985
1987
1986
1986
Feb.
Mar.
Apr.
June
May
July
Sept.
Aug.
Nov.
Oct.
Jan.
Dec.
Feb.
Mar.
METALS AND MANUFACTURES—Continued
Steel, Raw and Semifinished
Steel (raw):
Production
thous sh tons
Rate of capability utilization
percentSteel castings:
Shipments, total
thous. sh. tons..
For sale, total
do
88,259
66.1
80,470
62.9
7,171
71.8
7,947
71.9
7,787
73.5
940
904
879
'842
71
68
63
61
84
81
Steel Mill Products
Steel products, net shipments:
1
Total (all grades)
thous sh tons
73,043 "70,263
By product:
r
Semifinished products
do
4,954
4,345
Structural shapes (heavy),
1
steel piling
do
4,698 "4,528
1
Plates
do
'3,565
4,327
r
Rails and accessories
do
640
931
Bars and tool steel, total
do.... '12,668 12,171
Bars: Hot rolled (including
1
light shapes)..
do
7,027
'6,559
Bars: Reinforcing
do
'4,299
4,326
Bars: Cold finished
do..
1,257
1,255
Pipe and tubing
do
2,836
4,096
Wire and wire products
do....
1,080
1,136
Tin mill products . . . .
do
3,802
3,772
Sheets and strip (including electrical),
1
total
do
37,069 nr36,686
Sheets' Hot rolled
do
12,952
12,167
Sheets- Cold rolled
do
13,574 n 13,250
By market (quarterly):
Service centers and distributors
do .... 17,548 "15,251
Construction, incl. maintenance..
do ....
6,407 "5,141
Contractors' products
do
2,663 "2,559
Automotive
do
12,725 "9,871
Rail transportation
do...
"674
1,059
Machinery industrial equip tools
do
2,129 " 1,323
Containers, packaging, ship,
materials
do ....
'4,075
4,069
1
Other
do
26,098 "23,367
Steel mill shapes and forms, inventories, end
of period—total for the specified sectors:
23.4
mil. sh. tons ..
23.5
Producing mills, inventory, end of period:
Steel in process
mil sh tons
7.4
7.3
Finished steel
do
6.2
5.9
Service centers (warehouses), inventory, end
5.7
5.8
Consumers (manufacturers only):
Inventory end of period
do
4.1
4.6
Receipts during period
do
44.5
53.6
Consumption during period
do....
57.5
43.9
7,616
69.5
83
79
6,730
63.5
6,352
59.2
5,668
52.8
5,644
54.3
6,087
56.8
5,860
56.5
5,877
54.9
6,248
65.5
70
66
65
62
66
64
69
66
77
74
75
72
77
'73
5,992
69.5
86
82
6,007
5,815
5,364
5,608
5,923
4,899
5,199
5,664
5,527
383
411
430
444
433
393
384
412
418
351
367
430
413
370
294
72
993
414
312
74
1,057
404
338
71
1,120
391
352
61
1,106
402
326
50
1,048
418
317
44
1,014
384
265
49
950
366
242
44
951
395
274
39
1,028
317
224
31
858
322
256
40
858
365
262
41
933
369
255
37
965
507
376
105
288
89
285
562
379
110
308
100
337
608
391
116
264
113
349
582
412
107
226
102
340
547
391
105
229
96
347
524
387
98
236
93
382
512
337
98
211
88
320
499
349
98
191
81
310
532
387
104
210
89
287
475
293
86
179
68
262
490
278
85
173
64
272
537
282
110
188
80
280
540
316
105
207
88
280
2,999
1,019
1,093
3,130
1,049
1,151
3,195
1,030
1,214
3,189
1,036
1,180
3,077
999
1,151
2,918
906
1,075
2,713
840
949
3,010
1,003
1,062
3,181
1,069
1,112
2,609
875
924
2,847
1,004
974
3,087
1,021
1,088
2,913
969
1,020
1,270
*410
2
181
1,011
56
169
1,204
428
170
969
51
156
317
2,252
304
2,244
5,799
6,142
6,283
6,212
4,346
1,550
652
3,242
253
523
7.3
6.2
3,986
1,489
646
2,689
163
436
'3,599
1,099
'641
'2,166
136
'298
999
6,811
23.8
4,367
1,700
674
3,158
211
537
1,098
6,758
1,093
6,313
'895
'5,456
23.7
7.5
6.0
2
23.4
24.1
23.8
23.8
23.0
22.3
23.0
7.5
6.1
7.5
6.2
7.2
6.1
7.1
6.1
7.2
6.1
7.0
6.0
6.7
5.8
7.2
5.9
7.3
5.9
23.9
23.7
6.0
5.9
5.9
6.0
6.0
6.1
6.0
5.7
5.5
5.5
5.7
4.3
3.6
3.5
4.3
3.7
3.7
4.4
4.0
3.9
4.4
4.0
4.0
4.5
3.9
3.8
4.5
3.7
3.6
4.4
3.4
3.5
4.3
4.1
4.2
4.3
3.7
3.7
4.4
3.2
3.1
4.6
3.5
3.3
3,036
1,739
251
129
281
147
275
153
284
150
241
138
231
151
235
147
231
164
243
146
239
133
252
134
262
142
Metal and alloys, crude
do
960.9 1,468.4
Plates, sheets, bars, etc
do....
463.4
495.3
Exports:
Metal and alloys, crude .. .
do
383.0
228.6
Plates, sheets, bars, etc
do
174.5
203.3
Price, U.S. market, 99.7% purity,
monthly average.. ..
$ per Ib
.5587
.4881
Aluminum products:
Shipments:
(
.
Ingot and mill prod, (net ship.)..
mil. Ib.. 14,462 14,377
Mill products, total . . .
do
11,092 11,415
r
Sheet and plate .. .
do
6,647
6,442
Castings
do
2,228
2,276
Inventories, total (ingot, mill products, and
scrap), end of period
mil. Ib..
Copper:
Production:
Mine, recoverable copper
thous. met. tons- 1,105.8 1,149.7
Refined from primary materials
do
945.6 1,071.3
Electrolytically refined:
From domestic ores
do
906.6
890.4
From foreign ores
do
40.6
55.2
Electrowon *
do
124.5
93.5
r
Refined from scrap Q
do
492.7
363.2
Imports, unmanufactured (general):
Refined, unrefined,
scrap (copper cont.)
do....
667.5
483.2
503.1
390.7
Refined
do ....
Exports:
Refined and scrap
do....
497.1
463.0
14.9
48.1
Refined
do ....
Consumption, refined
'2,032
(reported by mills, etc.) <>
do....
1,899
221
Stocks, refined, end of period <>
do....
311
Price, avg. U.S. producer cathode, delivered §
.6605
.6697
$perlb.
110.9
41.5
140.9
40.5
144.4
34.0
167.3
41.6
137.0
37.1
131.2
63.3
136.1
41.0
106.1
34.6
118.3
42.6
100.4
48.9
85.2
28.9
126.0
36.1
124.6
40.7
28.1
18.3
20.0
14.1
14.1
18.2
18.7
19.2
12.6
15.9
12.1
12.7
17.2
14.3
18.0
16.7
21.2
18.9
19.1
20.7
23.5
14.1
17.0
20.2
26.3
25.5
.5945
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. met. tons..
Recovery from scrap f
do
See footnotes at end of tables
3,499
1,728
.5682
.6157
.5935
.5777
.5674
.5412
.5449
.5540
.5357
.5250
.5284
.5460
1,187
913
525
209
1,395
1,030
609
205
1,340
1,064
624
211
1,388
1,086
654
199
1,203
938
540
191
1,115
908
530
152
1,133
915
526
162
1,117
932
523
178
1,219
972
548
198
1,038
C
841
507
178
1,058
'872
'520
165
1,191
937
558
183
5,158
5,054
5,097
5,045
5,044
5,084
5,059
4,976
4,927
4,902
'4,928
4,934
87.7
75.4
96.8
75.5
94.2
88.1
97.5
91.9
94.8
89.8
95.2
98.8
94.9
86.2
97.9
88.9
100.5
94.5
92.8
90.0
97.4
102.0
103.5
96.6
65.1
1.8
8.5
41.9
62.8
3.6
9.1
45.2
73.8
4.8
9.5
42.6
79.5
2.6
9.8
42.4
77.3
2.1
10.4
40.8
84.8
3.4
10.6
39.1
71.7
3.8
10.8
37.4
73.5
3.9
11.4
43.9
80.0
3.1
11.4
43.5
72.9
5.2
11.9
36.0
87.1
'2.8
12.1
36.7
52.4
43.9
57.4
49.5
46.6
38.2
69.7
54.9
45.3
36.8
51.8
36.0
43.4
36.0
92.9
37.3
40.4
31.7
67.2
55.6
40.8
31.2
38.3
1.5
45.2
1.2
33.8
1.0
50.6
2.4
38.1
.9
29.6
.8
55.1
1.8
25.3
1.7
46.2
.6
41.6
.9
43.9
.8
26.5
.8
173
300
185
270
172
259
162
258
170
241
167
274
128
262
155
232
185
209
171
198
152
'221
166
212
.6880
.6708
.6747
.6382
.6237
.6484
.6346
.6286
.6364
.6499
.6825
.7014
79.5
2.1
11.9
38.1
40.5
1.9
7,375
77.3
S-26
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
SURVEY OF CURRENT BUSINESS
Annual
,,„.,
ljnils
1985
April 1987
1987
1986
1986
Mar.
Feb.
Apr.
June
May
July
Sept.
Aug.
Nov.
Oct.
Jan.
Dec.
Mar.
Feb.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS— Continued
Copper-base mill and foundry products,
shipments (quarterly total):
r
Brass mill products....
mil. Ib .
2,318
2,363
Copper wire mill products
(copper content)
do
1 880 1792
3
r
Brass and bronze foundry products
. do
478
541
Lead:
Production:
Mine, recoverable lead .
thous met tons
3378
4140
Recovered from scrap (lead cont )
do
5908
5942
Imports (general), ore (lead content),
1034
metal
do
565
1 1 148 3 1 077 7
Consumption total
do
Stocks, end of period:
Producers', ore, base bullion, and in process
740
(lead content) ABMS
thous met tons
61 3
Refiners' (primary), refined and antimonial
(lead content)
thous met tons
204
839
Consumers' (lead content) Q
do
550
931
Scrap (lead-base, purchased), all smelters
194
220
(gross weight)
.
thous met tons
Price, common grade, delivered
$ per Ib
2205
1907
Tin:
Imports (for consumption):
Ore (tin content)
metric tons
4030
1633
Metal, unwrought unalloyed
do
33831 35768
77 243
9045
4
As metal
do
714
1176
50,100
Consumption, total
.
do
51600
Primary
do
37400
38900
3022
Exports incl reexports (metal)
do
2875
Stocks, pig (industrial), end of
period. . . .
. .
do
4802
5665
5
Price Straits quality (delivered)
$ per Ib
5 9595 s 3 6991
Zinc:
226 5
201 1
Imports (general):
Ores (zinc content)
do
1977
914
Metal (slab, blocks)
do....
667.1
568.7
Consumption (recoverable zinc content):
Ores .
do
146
527
Scrap, all types
do
2588
2510
Slab zinc: @
Production, total $
thous. met. tons ..
269.9
301.0
'711 '8
Consumption fabricators
do
674 1
Exports
do
19
Stocks, end of period:
Producers', at smelter (ABMS)
do....
15.5
35.6
Consumers'
do
44 4
754
Price high grade
$ per Ib
3800
4037
MACHINERY AND EQUIPMENT
Heating, combustion, atmosphere equipment, new
orders (domestic) net qtrly #
mil $
Electric processing heating equipment
do
Fuel-fired processing heating equip
. .. .do
Material handling equipment (industrial):
Shipments * .
. .
.
do
Industrial supplies, machinery and equipment:
New orders index, seas, adjusted... ....1977=100 ..
Industrial suppliers distribution:
Sales index seas adjusted
1977 — 100
Inflation index, not seas. adj. (tools, material
handling equip., valves, fittings, abrasives,
fasteners, metal products, etc.)
1977=100 ..
Fluid power products shipments indexes:
Hydraulic products §
1985—100
Pneumatic products §
do
Machine tools:
Metal cutting type tools:
Orders, new (net), total
mil $
Domestic
do..
Shipments, total
do
Domestic
.. . do
Order backlog, end of period
do ...
Metal forming type tools:
Orders, new (net), total
do...
Domestic
do
Shipments, total
do...
Domestic
.
do
Order backlog, end of period
do...
See footnotes at end of tables.
590
580
578
569
464
149
459
158
453
112
445
125
36 1
529
380
532
338
502
249
59 1
23 6
460
250
41 0
233
502
240
462
24 2
51 3
207
508
r
24 1
475
228
500
40
854
23
796
17
908
13
860
37
84 1
147
710
127
949
86
101 5
189
1059
144
897
r
14 6
927
172
905
116
534
648
586
580
47 5
57 5
71 5
745
720
739
649
740
67 0
936
652
105 1
669
1043
62 1
1054
640
954
599
804
643
732
583
52 1
530
37 6
50 1
272
204
r
553
310
580
246
1779
242
1820
254
1873
212
1938
211
2207
248
2194
226
2242
211
2343
196
2555
19.4
2868
21.6
.2788
210
1480
754
214
3278
730
67
5081
631
677
2508
564
4,100
3,100
98
4,100
3,000
213
4,300
3,200
167
957
4,268
585
141
3,900
2,900
261
2,194
4,500
3,400
307
293
1833
419
144
4,000
3,000
199
378
2371
601
4,200
3,200
185
936
2789
534
138
4,400
3,300
269
94
4,111
368
4000
2900
680
204
3332
629
143
4,400
3,300
259
607
148
3,900
2,900
112
2,935
667
164
3,900
2,800
102
4692
3097
45579
4127
36425
3,987
65224
4032
34661
4,166
34652
4246
34701
3,497
34583
3,554
35387
4,681
38422
4,802
40277
5,265
41849
18 4
19 6
153
122
142
166
154
166
194
152
17 7
173
140
59.4
106
57.8
36
50.0
8
53.8
117
40.1
25.6
60.9
239
44.8
16.6
61.3
30.6
51.8
24.1
56.5
25.4
56.6
37.8
43.4
48
194
35
202
33
205
49
216
59
214
6
6
207
7
208
6
21.8
27.0
.5
21.9
.5
22.6
g
22.1
19.4
56 3
2
19.4
599
2
21.3
562
2
22.2
548
22.7
586
1
24.1
582
21.8
525
23.8
52.8
23.4
56.4
24.3
2
2
26.1
48 5
3088
25.4
459
3122
19.6
450
3213
7.4
422
4370
8.7
460
4598
10.7
457
4578
15.5
427
4351
16.6
44.6
.4140
19.5
1
239 5
'1000
'1395
24.0
57 8
3559
4148
23.3
51 4
(2)
(2)
(2)
15.4
423
3297
11.3
389
3654
9.0
44 5
3955
93
427
4083
3944
4447
4734
c
3972
119.9
118.6
120.1
116.4
116.0
119.4
116.7
116.6
118.1
120.0
120,3
1450
147 5
1402
1479
147 1
141 4
146 1
1480
1455
154.5
162.9
164.7
163.6
163.8
164.4
164.5
164.7
165.1
165.0
165.1
121.2
119.2
124.3
128.1
139.0
138.7
142.4
165.9
165.7
165.8
96
102
103
87
88
94
r
94
96
10015
89.95
161 35
140.80
1,110.5
130.85
114.95
18350
170.40
1,057.8
83.95
75.85
116.80
104.40
1,025.0
87.25
74.05
215.00
189.10
897.2
r
98.95
r
95.65
111.25
104.10
r
885.0
103.70
98.35
99.25
88.80
889.4
124.45
108.55
137.75
117.40
876.1
35.10
2365
46.60
4030
325.4
49.30
4445
59.30
5240
315.4
48.65
4230
50.00
44.70
314.0
49.30
3705
56.25
4320
307.1
r
47.70
r
32.90
r
36.45
r
49.15
4310
47.35
42.65
320.2
40.75
28.70
43.85
35.85
317.0
93
95
99
91
100
96
1 853 10 1 544 25 16860
16065
1,652 15 1,376 55
1 74225 1 890 30 12390
1 548 50 1 684 70 10950
897.2 1,331.5
1,243.3
15990
14605
171 55
14820
1,319.8
13615
11830
152 10
14005
1,303.9
141 70
118.50
17245
153.10
1,273.2
15680
14565
24480
22670
1,185.2
12880
99.25
149 10
135.90
1,164.8
11510
108.60
108 25
92.50
1,171.7
54.70
5075
77.25
7110
356.2
57.10
5095
57.45
5075
355.8
64.50
5850
57.10
5400
363.2
44.35
4490
67.10
6230
340.4
41.20
3605
40.95
3660
340.7
39.30
3040
43.10
3905
336.9
742 95
414.2
119.7
144.1
165.6
106
101
41.80
3760
78.75
76 15
378.7
18.7
87
101
100
581.05
50680
688.20
621 35
307.1
25.6
165.3
109
108
610 00
28.5
51.9
97
104
105
1
675.00
1
;
802.95
1
120
165.3
97
101
93
98
1
674
3,347
4202
1473
100
100
163
2801
309
105
205
302
178
124
430
21 1
219
42724
22.7
59 1
(2)
K
53 5
31.25
318.4
S-27
SURVEY OF CURRENT BUSINESS
April 1987
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
Annual
.. .,
ljnus
1985
1987
1986
1986
Mar.
Feb.
Apr.
May
July
June
Aug.
Sept.
Nov.
Oct.
Mar.
Feb.
Jan.
Dec.
METALS AND MANUFACTURES—Continued
MACHINERY AND
EQUIPMENT-Continued
Tractors used in construction, shipments, qtrly:
Tracklaying (ex. shovel loaders)..
units
mil. $
Wheel (contractors' off-highway)
units
mil $
Shovel loaders $
units
mil $
ELECTRICAL EQUIPMENT
Batteries (auto.-type replacement),
shipments
Radio sets, production, total market
Television sets (incl. combination models),
production, total market
Household major appliances (electrical),
shipments (domestic and export) #
Air conditioners (room)
Dishwashers
. .
Disposers (food waste).....
Microwave ovens/ ranges @
Ranges
•
Refrigerators
Freezers
.
Washers
Dryers (incl. gas)
Vacuum cleaners (qtrly.)
7321
6287
7080
4866
70 653
2 364 6
8080
8051
5375
3986
51419
1 574 5
thous
thous
58684
22851
60 306
25364
3511
1304
3760
*l 338
4089
1348
4243
2065
4061
'2228
4662
1813
5668
2832
6461
'2774
6936
3165
5969
2822
3798
'2404
thous ..
factory
thous
.do....
do
.....do....
do
do
do
do
do
do
do
20,525
23,351
1,616
'1,888
2,045
1,570
1
1,975
1,583
1,927
1
2,337 ,
2,209
2,161
1
r
3477
422
295
r
345
870
240
419
80
408
314
3749
456
337
300
879
266
549
99
446
325
3909
451
301
318
1,051
257
570
106
459
309
4 090
427
317
410
903
301
692
140
494
324
3985
361
323
296
892
283
730
159
521
358
3712
89
339
363
1024
271
605
122
500
356
4006
89
346
414
1183
294
597
110
554
408
4085
53
386
404
1,137
319
611
94
600
460
3425
56
330
347
1,129
278
449
72
410
350
GAS EQUIPMENT (RESIDENTIAL)
Furnaces, warm air, shipments
thous..
Ranges, total, shipments
do
Water heaters (storage), automatic,
shipments
do....
2 147
2276
1 586
1053
13027
4056
1 389
1530
1002
792
12,405
3686
1 558
141 3
1 144
r
851
11,308
3260
2986
283 1
1 643
1290
14679
4743
1549
1,893
2,353
1,820
1,721
2,194
3609
92
338
338
1,188
283
434
72
485
357
4082
155
337
449
1,332
282
474
84
506
435
3,477
243
324
367
892
248
461
82
447
366
4,053
582
350
364
838
279
517
105
510
390
41797
3,022
3 575
4,105
10,883
3 142
6080
1236
5278
3914
45072
2,816
3918
4,269
12444
3 318
6510
1222
5765
4245
3 187
175
287
340
904
254
407
77
399
308
1,822
1,814
2,105
1940
150
147
160
164
140
144
151
150
149
178
147
127
199
156
218
189
252
182
202 173
182
187
168
180
153
160
3,529
3,729
323
343
344
270
295
292
273
290
346
294
322
346
340
330
162
6355
333
274
6355
431
138
6355
373
199
635.7
340
95
6401
327
12
641.6
337
8
641.2
64L2
68,671
63,431
54074
8780
2541
577
166,996
153788
13208
2943
6475
530.9
70,264
69,496
59020
9738
2637
738
168,073
154707
13367
2985
6436
530.7
72,220
69,477
73,401
4,634
531.2
528.8
3053
2906
3 166
3208
i 23i
1 i43
1206
1373
72
151
76
67
31
384.8
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
4,708
Production t
•
thous. sh. tonsExports
.....do....
1,286
Producer Price Index....
1967-100
616.3
Bituminous:
Production t
•
..thous. sh. tons- 878,930
r
815,132
Consumption, total t
do
Electric power utilities
do
692 808
Industrial total
do
115 853
r
Coke plants (oven and beehive)
do
41 026
r
Residential and commercial . .
do
6470
r
!62 976
Stocks, end of period, total t
do
Electric power utilities
do
149 188
Industrial total
do
13 789
Oven-coke plants
do
3 409
Exports. . . .
do
91 361
Producer Price Index
1967=100 ..
543.5
3,760
1,460
6386
243
7
6464
260
61
6464
300
118
6351
294
52
6351
297
150
6361
298
195
6358
77,569 74,894
76,549 75,022 76,832
72,671 67,818
73,137
72,686
884,395
76621 70430 65132 62,964
801 811 r65711 r64 317 r58 670 r61 375 r68 030
53810 48030 51 352
684 227 r55 000
58828 67954 r61 645 56489 54 059
r
r
r
8359
111 151 10 062 10 043
8 134
8402
8261
8878
9'612
9959
2532
2519
2576
2*589
3 599
3553
3322
35973
3069
3 531
r
r
r
r
545
509
411
6433
383
406
681
463
650
325
168 073 156 530 159 192 166 250 170 214 168 819 155 648 154 993 157 690 163,094
154 707 143986 147269 153 949 157 534 155 761 142 645 142 046 144 799 150 044
13050
12947
13003
13 367 12 544 11 922 12 301 12 680 13 058
12? 891
2902
2985
2 860
3083
3306
3373
3217
3061
3 177
3529
7066
7915
7 579
84 017
7 553
7 166
8489
8 181
6089
5145
533.1
533.6
534.4
535.2
535.6
536.5
538.3
535.4
534.7
535.1
r
389
62 350
149 970
4,709
532.7
COKE
Production:
Beehive and oven (byproduct)
Petroleum coke §
Stocks, end of period:
Oven-coke plants, total
At furnace plants
At merchant plants
Petroleum coke
Exports
thous sh tons
do
do
do
do
do
do
PETROLEUM AND PRODUCTS
Crude petroleum:
Producer Price Index . .
1967 — 100
Gross input to crude oil distillation
units @@
mil. bbl..
All oils, supply, demand, and stocks: @@
New supply, total <)
mil bbl
Production:
Crude petroleum
.
do
Natural gas plant liquids
do
Imports:
Crude and unfinished oils
do
Refined products
do
Product demand total
Exports:
Crude petroleum
See footnotes at end of tables.
do
do
28,651
33204
36397
2705
2553
2148
404
1 232
1 179
1 206
1 063
1 183
18
6194
3438
4,440.2
78
7252
3006
2828
3 1(56
7 156
3 158
394
1 304
1 296
81
240
26
3008
2726
2638
311 8
3088
3074
3080
368.6
400.2
86
402.8
84
414.7
87
397.6
86
395.3
83
387.9
84
400.4
84
392.8
81
5102
5281
5279
5052
5015
487.8
508.1
506.2
2677
50 1
2601
2500
460
2614
514
2577
484
474
2496
483
258.8
489
262.8
517
1368
1500
1529
573
1595
541
497
143.5
49.2
143.4
46.5
142.5
58.0
143.8
47.9
35 3
4986
37 0
5180
36 4
4940
82
5352
22
5057
204
513 5
1582
61 1
54
5440
5491
58
533.5
30
190
72
11 5
20
177
72
195
48
165
4.7
208
3.4
207
4.9
204
3.0
226
1403
1 454
1366
83
67
113
83
4890
353 1
3007
2930
4,679.4
83
338.0
78
364.3
76
377.1
81
411.6
86
5 730 9
59674
4352
4741
4727
511 9
32746
6075
31639
5922
257 1
279 1
51 4
2655
47 9
274 1
13086
5403
37 5
60246
16126
5988
74 8
6 1726
902
391
227
4736
101 1
1225
426
368
26 0
5237
88
497 0
745
2099
562
2245
196
66
153
21 9
45
28
5513
3 146
2 141
1747
424
421
489
3 137
2 174
1 750
2319
1898
1 456
3030
496
256
1 256
486
r
382.4
S-28
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
Annual
.. ..
Lmils
1985
April 1987
1987
1986
1986
Feb.
Apr.
Mar.
June
May
July
Sept.
Aug.
Nov.
Oct.
Mar.
Feb.
Jan.
Dec.
PETROLEUM, COAL, AND PRODUCTS-Continued
PETROLEUM AND PRODUCTS t—Continued
All oils, supply, demand, and stocks—Continued
Domestic product demand total $ mil bbl
Gasoline
do
Kerosene
do
Distillate fuel oil
do
Residual fuel oil
do
Jet fuel
do
Lubricants.....
do
Asphalt
do
Liquefied petroleum gases
do.
Stocks, end of period total
do
Crude petroleum
do
Strategic petroleum reserve
-do
Unfinished oils, natural gasoline, etc
do
Refined products
do
Refined petroleum products:
Gasoline (incl. aviation):
Production
do
Stocks, end of period
do
Prices, regular grade (excl. aviation):
Producer Price Index $
2/73—100
Retail, U.S. city average (BLS):
Leaded
...$ per gal..
Unleaded
do
Aviation gasoline:
Production
mil bbl
Stocks end of period
do
Kerosene:
Production .
.
do
Stocks, end of period . .
do
Producer Price Index (light
distillate) $
1967-100 .
Distillate fuel oil:
Production . .
mil bbl
Imports
do
Stocks, end of period
do
Producer Price Index (middle
distillate) $
1967=100 ..
Residual fuel oil:
Production
mil bbl
Imports
do
Stocks, end of period
do....
Producer Price Index $
1967-100 ..
Jet fuel:
Production
mil bbl
Stocks, end of period
. do
Lubricants:
Production .
do
Stocks, end of period . . . .
do
Asphalt:
Production
do
Stocks, end of period
do
Liquefied petroleum gases:
Production, total
do
At gas processing plants
(L P G )
do
At refineries (L R G )
do
Stocks (at plants and refineries)
do...
5740 1
25033
416
10468
4388
4447
531
1551
5836
1 5188
8142
4933
5891 9
25722
366
1 0598
5105
4755
509 7
481 5
206 6
225 1
34
31
860
90 1
41 3
37 8
41 2
39 2
19
43
97
188
536
548
1 611 8 1 6140
850 5
8487
5095
507 5
523 g
5078
201 2
220 1
51
48
101 0
1030
453
50 1
409
446
53
33
57
68
616
572
1 593 5 1 5877
8487
8428
5149
511 6
473
1635
5622
1 5935
8428
511 6
449 6
180 8
42
967
404
358
39
40
490
1 5150
827 3
4954
501 8
216 9
40
982
43 2
373
46
67
476
1 4890
8378
4969
41
121
404
14803
8369
4988
491 4
2179
24
859
41 3
387
55
163
404
1 5058
8287
4999
1480
5566
1409
6099
1511
5366
1457
5056
1503
4930
154 1
5230
1567
5572
1528
5802
1440
6018
1447
631 1
151 5
6098
1464
6189
1409
609.9
142 8
596.3
2,352 3
1924
2 476.3
1965
1772
2090
1886
187 2
1958
1767
2207
191 5
214 1
1997
2174
1927
2217
1903
2080
1992
2067
187 6
2072
1932
216.0
196 5
208.2
2117
4723
213 5
17
882
397
37 6
498 3
234 2
19
768
744
405
468
404
394
37
42
21 2
193
367
41 1
1 541 1 1 5781
8272
8452
5034
501 8
4799
217 0
11
472 7
517 3
2066
231 7
14
30
754
845
385
463
400
41 6
44
41
21 0
21 5
442
41 5
1 583 5 1 6200
8442
8377
5064
505 0
5073
3334
4277
3278
3104
3484
3614
2866
2825
3119
2845
2839
2891
3205
340.4
341.0
*1.115
2
1 202
.857
927
1.034
1 120
894
981
.815
888
.852
923
885
955
.822
890
778
843
.797
860
771
831
762
821
764
823
.806
862
.848
905
.856
912
93
21
109
22
9
24
7
22
9
21
10
20
11
21
12
22
14
23
10
25
9
25
7
25
4
22
8
24
345
75
343
86
36
67
31
61
25
69
18
63
15
67
21
69
22
70
29
86
28
86
32
86
41
86
40
85
809.3
5345
7502
6846
5848
5238
5044
4527
4133
4268
423 9
4194
4291
4519
487.9
487.0
9809
731
1437
10214
859
1550
71 8
36
1128
820
67
993
837
44
953
886
45
978
820
49
1088
84 1
91
1228
907
110
1381
858
72
1526
842
76
1521
874
70
1584
912
101
1550
860
61
1414
821.5
499.8
631.6
519.1
504.3
476.4
452.9
369.0
406.5
469.0
436.0
440.7
461.8
520.3
537.9
503.2
3220
1863
504
983.1
3238
2372
475
5271
240
162
427
7565
251
177
388
6472
278
15 1
359
5173
283
206
396
4777
245
206
430
4530
263
207
404
4340
278
248
413
3610
256
189
440
4191
256
185
458
4534
292
168
463
4508
306
277
475
479.7
28.5
20.7
45.0
528.7
625.2
591.8
4339
405
4719
497
377
441
400
474
348
453
372
450
383
403
399
485
394
483
387
487
407
506
398
501
438
49.7
423
50.2
53 1
118
55 1
148
45
126
42
120
43
120
50
11 3
44
11 3
43
112
48
11 3
51
11 7
44
11 3
50
139
48
148
51
143
1463
21 2
1498
17 6
64
252
83
27 3
11 5
273
158
278
173
270
180
250
183
226
160
189
142
152
104
166
70
17 6
66
193
6220
6311
518
536
512
54 5
51 6
538
524
495
510
512
525
547
4793
1426
73.5
4737
1573
102.7
399
119
67.6
417
119
70.4
388
124
76.5
405
140
87.0
384
133
97.5
396
142
116.1
382
142
126.2
363
133
130.4
37 8
132
122.7
385
127
115.5
396
128
102.7
41 1
136
87.4
r
PULP, PAPER, AND PAPER PRODUCTS
Receipts
Consumption
PULPWOOD
thous cords (128 cu ft )
do
1
85 499
1
1 90 943
85 744 *91 434
5046
4794
7 483
7 261
5 807
7 294
7478
5 433
7 591
7742
5335
7277
7 499
4 910
7 372
7 563
4 851
7770
7 812
4836
7465
7 582
4835
7493
7362
4970
8247
7779
5501
7 224
7,681
4909
7639
7,795
4794
8,074
8,049
4712
1 287
1 431
1 358
*891
1 443
1 384
1 320
1390
1 380
1 419
1398
'893
1 339
1 409
54 141 n 57 268
1174
1258
43690 r46 333
4407
95
3576
4844
109
3922
4763
97
3859
4771
4844
107
3942
4742
103
3797
4903
113
3961
4662
104
3763
4871
110
3856
98
3942
4757
95
3854
4926
122
3997
4113
5"251
4027
5545
4 133
425
311
467
346
459
347
466
340
450
345
474
368
469
359
457
338
481
350
464
345
470
338
497
364
164
486
174
r
284
157
422
143
372
149
365
164
365
171
304
176
353
195
352
186
303
176
292
175
353
174
r
284
183
352
553
312
53
259
569
409
66
343
295
11
284
530
285
53
WASTE PAPER
n 15 287
Inventories end of period
967
do
rl
15 290
948
906
887
844
843
884
851
877
948
948
877
WOODPULP
Production:
Total
thous sh tons
Dissolving pulp
do
Paper grades chemical pulp
do .
Groundwood and thermomechanical
do
Semi-chemical . . .
do
Inventories, end of period:
At pulp mills:
Own use woodpulp .
do
Market pulp
do
Market pulp at paper and board
mills
do .. .
Exports, all grades total
do
Dissolving and special alpha
do...,
All other
do ..
Imports all grades total
do
Dissolving and special alpha
do
All other .
,
do
See footnotes at end of tables.
1
492
'3794
631
1
3,161
*4466
117
'4349
569
'4308
711
1
3,599
J
4340
148
'4 193
528
196
48
148
335
g
329
543
414
57
357
145
15
130
537
358
62
296
349
17
332
508
365
63
303
422
g
417
568
368
54
315
370
16
355
579
299
46
254
401
5
396
542
418
63
355
422
18
404
558
457
83
374
379
18
361
527
344
61
283
372
12
359
r
467
7
460
r
r
5082
108
)\ 232
441
5
436
372
65
307
392
12
379
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
S-29
SURVEY OF CURRENT BUSINESS
April 1987
Annual
„ .,
1985
1987
1986
1986
Mar.
Feb.
Apr.
June
Mar
July
Sept.
Aug.
Jan.
Nov.
Oct.
Dec.
^5,929
r
2970
2,959
Mar.
Feb.
PULP, PAPER, AND PAPER PRODUCTS-Contiiiued
PAPER AND PAPER PRODUCTS
Paper and board:
Production (API):
Total
thous. sh. tons..
Paper
do
Paperboard
... ... do
Producer price indexes:
Paperboard..
.
1967—100
Building paper and board
do....
Selected types of paper (API):
Groundwood paper, uncoated:
Orders, new
thous. sh. tons..
Orders, unfilled, end of period ...
do....
Shipments
.do .
Coated paper:
Orders, new
do
Orders unfilled end of period
do
Shipments
do
Uncoated free sheet papers:
Orders, new
do
Shipments
do
Unbleached kraft packaging and industrial
converting papers:
Shipments
thous sh tons
Tissue paper production
do
Newsprint:
Canada:
Production
thous metric tons
Shipments from mills
do
Inventory end of period
do
United States:
Production
do
Shipments from mills
do....
Inventory end of period
do' ~
Estimated consumption, all
users 0
do ....
Publishers' stocks, end of period #
thous. metric tons .
Imports
thous. sh. tons..
Producer Price Index,
standard newsprint
1967=100..
Paper products:
Shipping containers, corrugated and solid
fiber shipments
....mil. sq. ft. surf, area..
rl
71,035
35 532
35503
5,471
2759
2713
6,065
5,849
2923
2926
6,046
3065
5,910
2 932
2978
5,774
3034
2893
6,114
3029
3085
5,872
2974
2898
6,180
3 123
3,057
'5,878
r
2927
2,950
2723
260.7
2657
254.8
2670
257.2
267 6
260.8
2690
262.4
2685
262.6
2722
262.2
2749
262.2
2749
262.7
2762
265.0
r
1,477
106
'1516
'1,548
115
116
117
128
115
127
127
103
127
115
99
120
139
117
123
152
141
128
138
149
126
122
141
132
'5642
'6275
490
404
488
533
428
504
479
405
510
487
402
497
529
424
504
529
475
484
562
467
556
827
826
879
929
866
875
904
896
875
897
889
893
263
399
295
436
292
424
282
445
278
419
726
696
379
747
754
373
777
800
349
783
771
361
5108
5,115
49
394
394
90
444
434
99
409
415
93
446
443
96
11,587
11,936
881
910
849
8472
8589
927
722
904
708
332.4
326.1
324.5
324.3
324.1
324.1
21,700
22,567
25,174
23,365
'67,076
34042
33034
r
2746
257.1
1
131
'1523
393
399
5875
6260
'9704
'10012
'10528
'3403
n 3 333
'4941
r
8988
8996
290
4924
4,927
57
267,453
' 10 744
'5095
9289
9302
277
283,621
r
3031
1,004
1,000
889
659
2 980
1,035
870
752
2881
r
6,221
3078
r
3,143
5,771
2,884
2,887
2781
262.7
2787
262.5
286.0
262.3
290.2
292.6
261.7
261.7
130
132
137
132
129
134
122
131
124
140
127
134
110
119
128
549
478
555
555
458
570
507
434
535
515
399
540
r
557
466
568
533
487
526
922
903
841
893
922
958
839
854
856
899
r
860
907
838
873
277
395
277
430
274
415
272
454
280
439
262
414
770
807
324
818
758
384
780
790
374
744
840
278
808
816
270
782
743
309
783
815
277
795
750
322
766
756
331
420
425
90
433
433
89
441
444
86
420
437
69
426
436
58
429
426
61
428
440
49
445
427
67
400
402
65
996
931
997
999
912
894
869
678
892
823
893
760
904
668
888
726
803
791
849
594
845
781
875
696
323.1
323.5
322.2
322.3
333.6
333.8
333.6
340.5
343.0
23,419
23,976
23,726
24,390
27,132
21,406
22,030
24,708
22,704
1,088
263
r
r
r
r
r
424
r
1,078
273
421
1,011
r
r
342.2
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
.- thous. metric tons74465
77468
Stocks, end of period
do....
3352
95.17
Imports, incl. latex and guayule
77983
thous. long tons ..
75299
U.S. Import Price Index *
12/83-100..
71.9
770
Synthetic rubber:
Production
thous. metric tons .. 1 837 86 1 985 49
Consumption ..
do
1 801 76 1 872 50
Stocks, end of period
do
21691
21387
Exports (Bu. of Census)..
thous. Ig. tons ..
306.94
338.85
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:
Exports (Bu. of Census)
See footnotes at end of tables.
thous ' 196 923 ' 190 289
do
242 050 225 168
do...
62537
57121
do
173 553 174 205
do
5334
5960
do....
39,823
34,286
do .
5627
5202
do....
1,123
809
7183
7127
8194
10042
9858
4545
9863
5456
9665
6990
9383
4993
8639
5704
9690
9157
8033
7526
50.77
78.23
r
5119
r
38 51
49.94
76.65
7032
7662
83 12
4764
5401
6896
4447
6291
7234
5313
5583
55 01
775
158 38
14691
35299
2766
18914
17573
397 65
2400
15 966
16966
5323
11 168
16 968
18910
5429
13021
16781
163 85
23861
2571
164 87
147 99
247 52
2504
16037
20442
5459
15003
20014
14 526
17857
157 56
40296
3539
80.2
18712
16281
24700
3191
3039
22458
2778
174 69
155 71
r
235 61
2704
16540
22 025
5359
16 142
18 180
23 418
5695
17 205
15 144
19 842
4656
14 743
15 183
18078
4268
13*356
16879
18 888
5481
12917
151 45
17047
16854
17859
16060
23988
2634
233 40
3177
23647
3424
14203
18829
3978
14229
14647
22 107
5532
16229
15527
89.85
792
767
746
18667
177 51
231 14
14559
14577
3269
14 457
16 112
21 244
4532
16 252
43,499
45359
44519
44741
40009
38036
36836
34890
34 130
33 681
34286
36323
365
450
386
434
334
350
484
442
620
477
451
111
144
69
90
57
65
60
57
64
60
61
109
42
64
107
475
460
457
5417
368
346
394
460
524
518
443
454
490
S-30
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
SURVEY OF CURRENT BUSINESS
Annual
,, .,
units
1985
April 1987
1987
1986
1986
Feb.
Mar.
Apr.
June
May
Aug.
July
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement
thous bbl
CLAY CONSTRUCTION PRODUCTS
Shipments: $
Brick, unglazed (common and face)
mil. standard brick ..
Structural tile, except facing
thous. sh. tons..
Sewer pipe and fittings, vitrified
do....
Floor and wall tile and accessories, glazed
and unglazed .
mi so ft
Producer Price Index, brick and structural
clay tile *
.
12/84=100 ..
1
470,500
23,660
32,340
41,463
43,197
44,809
46,872
46,585
45,926
49,053
35,085
30,723
25,532
24,888
6,833.7
72.8
436.7
7,186.3
72.5
297.9
408.0
2.9
12.9
543.7
4.9
17.3
681.7
5.5
27.0
678.4
5.3
30.8
686.1
6.6
28.0
700.0
6.9
32.8
668.2
7.3
28.3
9.2
30.4
693.5
8.2
29.7
514.3
6.0
23.6
458.3
5.6
17.2
'431.2
3.8
19.3
449.2
6.4
17.5
393.5
439.9
30.8
31.8
36.2
37.2
37.7
39.1
38.0
39.5
40.1
35.2
43.8
'36.9
35.9
101.4
105.3
104.7
104.7
104.8
105.2
105.3
105.1
105.6
105.8
105.8
105.1
105.2
106.2
107.7
'445,144
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments.....
thous. $.. 1 1,174,380 1,259,750
Glass containers: t
Production
thous gross
273,695 '288,809
Shipments, total
do
272,821 r286,276
Narrow-neck containers:
Food
do
25,662
23,770
Beverage
do
60,085 60,460
Beer ... .
do
83,777 '88,130
Liquor and wine
do
25,975 28,129
Wide-mouth containers:
Food and dairy products........
do....
63,320
59,935
Narrow-neck and wide-mouth containers:
Medicinal and toilet
do....
17,322
19,033
Chemical, household, and industrial
do
1,542
1,957
Stocks, end of period
do
38,843 r40,061
GYPSUM AND PRODUCTS
Production:
Crude gypsum (exc. byproduct) thous. sh. tonsCalcined
do
Imports, crude gypsum
do....
Sales of gypsum products:
Uncalcined .. ..
do
Calcined:
Industrial plasters
do
Building plasters, total
Board products, total
Lath
Veneer base
mil. sq. ft..
do
do
Regular gypsum board
Type X gypsum board
Predecorated wallboard
5
/ie mobile home board
Water/moisture resistant board **.....
do....
do
do
do
do....
330,868
330,318
314,089
284,475
107.7
23,649
21,312
25,353
23,127
25,291
25,787
25,926
24,959
25,919
25,939
25,409
26,129
25,171
24,637
23,556
23,762
25,598
25,458
22,451
21,471
17,599
'21,237
23,155
21,962
22,916
21,794
1,911
4,065
6,542
1,883
2,405
4,861
7,222
2,276
2,229
6,173
7,878
2,585
2,313
5,884
7,742
2,582
2,161
5,856
8,080
2,895
2,176
5,899
8,333
2,870
2,590
5,248
7,128
2,524
2,578
4,687
6,965
2,021
2,117
4,856
7,334
2,408
1,644
4,361
6,663
2,112
1,679
4,267
'7,034
2,125
2,298
4,048
6,903
1,965
2,220
4,174
6,477
2,133
4,935
4,704
4,970
4,649
5,105
5,152
5,618
5,821
7,009
5,228
4,834
5,179
5,115
1,333
1,194
1,453
1,470
205
42,015
1,815
1,510
1,795
1,685
1,740
1,586
1,450
1,585
1,573
161
40,484
149
42,152
157
41,248
104
42,396
102
42,202
113
40,749
79
41,080
105
40,539
161
40,937
130
41,622
104
'40,061
116
40,889
14,784
17,135
9,922
16,227
17,538
9,559
1,084
1,173
804
1,135
1,542
640
1,378
1,543
659
1,363
1,446
784
1,342
1,445
958
1,284
1,431
993
1,332
1,531
1,009
1,375
1,625
832
1,463
1,489
707
1,311
1,361
936
1,241
1,441
544
1,717
1,375
817
4,386
3,359
266
212
266
253
317
308
338
297
296
299
236
201
544
259
41
47
15
13
14
14
13
14
16
14
11
13
214
19,431
28
432
328
11,631
5,507
128
853
523
260
20,411
24
475
323
12,343
5,781
123
751
591
15
1,369
2
30
20
819
397
9
56
37
24
1,697
2
39
28
1,037
472
10
63
46
25
1,880
2
43
31
1,135
530
11
76
53
23
1,712
2
41
31
1,009
496
11
70
52
23
1,628
2
40
28
960
481
10
60
48
24
1,715
2
40
30
1,024
494
11
64
50
25
1,757
2
41
26
1,060
499
10
68
51
24
1,795
2
43
27
1,098
500
10
64
52
25
1,952
1
45
26
1,198
538
11
76
57
18
1,618
3
36
25
1,006
441
9
52
48
18
1,592
2
36
21
985
445
10
44
49
20
1,624
2
35
24
988
458
9
57
50
336
554
208
347
529
190
339
707
270
437
550
209
342
538
190
348
551
202
349
527
207
320
492
176
316
472
184
288
504
211
293
442
164
278
5,291
683
7,495
9,792
529
8,590
9,785
3
576
'546
562
15,366
15366
5,286
9 519
561
14,639
14639
3,913
10 148
578
13,416
13416
2,540
10252
624
12,409
12409
1,827
9942
640
11,153
11 153
1,392
9033
728
TEXTILE PRODUCTS
FABRIC
Woven fabric, finishing plants:
Cotton
do
Inventories held at end of period
Cotton
Manmade fiber and silk fabrics
do
do
do
Cotton
Manmade fiber and silk fabrics
539
201
338
510
186
324
520
190
330
3
661
3
241
3
538
201
336
508
184
324
525
187
338
536
201
335
507
179
328
495
156
340
3
538
3
186
3
351
535
188
347
514
177
337
531
192
339
559
205
354
516
182
334
'9438
9*785
6566
147
624
2,408
499
492
3
620
503
489
3
522
534
523
13416
13*416
2,540
10 252
'624
12 121
12 120
1,125
10271
724
11 478
11 477
1,890
9624
764
10725
10*724
902
9035
787
10 162
10 161
737
8645
779
9528
9527
'787
7931
809
9045
9 044
150
8 124
770
18 113
18 112
1*.049
7393
670
16704
16703
8,119
7 996
588
6796
2 ^22
4 271
504
211
293
12988
13432
'5268
13683
13 682
2,374
10 696
612
do
do
COTTON AND MANUFACTURES
Cotton (excluding linters):
Production:
Ginnings A
thous running bales
Crop estimate .
thous net weight bales §
Consumption
thous running bales
Stocks in the United States, total, end of
period #
thous running bales
On farms and in transit
do....
Consuming establishments...
do....
See footnotes at end of tables.
3
532
3
196
3
560
215
345
509
189
320
543
198
345
6788
2499
4 287
535
193
342
419
505
185
320
539
188
351
3
731
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
S-31
SURVEY OF CURRENT BUSINESS
April 1987
,T ..
units
Annual
1985
1987
1986
1986
Feb.
Apr.
Mar.
June
May
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
TEXTILE PRODUCTS—Continued
COTTON AND MANUFACTURES— Cont.
Cotton (excluding linters)—Continued
Exports
thous running bales
Imports
thous net-weight bales §
Price(farm), American upland <>
cents per Ib ..
Price, Strict Low Middling, Grade 41, staple 34
(IVie"), average 10 markets
cents per Ib
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 sq yd .
Orders, unfilled, end of period, compared
with average weekly production
no weeks' prod
Inventories, end of period, compared with
avg. weekly production.
no. weeks' prod ..
Ratio of stocks to unfilled orders (at cotton
mills), end of period
Exports, raw cotton equivalent
thous. net-weight bales §..
Imports, raw cotton equivalent
do....
Producer Price Index, gray cotton
broadwovens
12/75=100 ..
4756
46
56.8
5
5666
7
51.0
180
1
56.9
176
(i)
58.1
163
(i)
59.2
76
(i)
58.5
55
(i)
58.5
21
(i)
61.5
261
(i)
46.8
346
(i) .
47.8
314
(i)
47.1
529
(i)
53.6
3 149
(i)
54.7
429
1
51.0
600
598
618
626
64.0
652
657
268
336
44.0
45.7
54.2
11 8
46
125
45
122
44
123
45
123
45
11 8
45
11 9
45
11 8
45
11 9
46
11 9
45
118
46
62
.312
21
4
61
.307
21
4
63
.314
23
64
.320
23
81
.325
3.1
64
.319
2.4
605
125
47
755
.290
274
3921
r
81 5
.309
292
65
.325
23
FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other),
shipments, quarterly
.mil. sq. vds..
67
.269
24
4
96
11 1
11 1
122
123
35
3.3
3.1
33
31
27
25
54.8
54.6
118
46
119
47
119
47
7.0
.279
2.6
64
.321
2.4
6.9
.344
2.5
2.8
47
"44.0
57.2
129
37
47.7
963
936
942
4.5
22
220.5
1,024.9
2880
1,306.1
20.1
109.1
23.6
128.9
23.5
116.6
27.4
106.5
23.6
104.8
17.3
127.1
30.1
109.6
262
100.2
26.1
98.8
282
96.2
24.4
91.9
155.6
154.5
154.4
153.8
153.6
154.1
154.1
154.5
154.1
154.6
154.3
155.0
154.7
543
951
547
99.7
541
1034
9650
9727
9237
9795
9433
1 0009
12.5
20.5
140
21.5
3053
3305
2974
3085
1442
1457
1463
3068
326 4
1472
1479
1472
1474
1475
1459
144 1
1451
1450
1446
4167
2012
1072
4591
2230
1091
4601
1918
1054
4012
1794
1085
41 41
1866
1332
41 49
1807
11 47
4316
1816
1204
4384
1944
11 42
4812
2171
13 14
3919
1696
1069
21 55
132.47
28 07
1965
2361
125.18
27 47
1869
2683
14702
29 13
20 31
22 18
15971
30 94
21 43
2275
17965
32 96
22 14
2337
16282
26 63
17 72
2500
135 95
20 15
13 42
2441
13527
19 51
13 27
2641
13426
22 49
13 88
2223
9898
17 50
11 50
10441
67 74
2692
97 71
61 64
2805
11789
7662
3832
12877
88 51
4572
14670
106 13
56 12
136 19
9980
5241
115 80
7988
40 77
115 76
7770
3982
111 78
67 94
27 75
81 48
5045
1750
13 5
4
9
75
28
10 8
9
80
22
11 4
12 3
4 9
70
2g
99
10
63
30
10 0
10
70
28
11 8
4
10
50
18
10 0
g
92
33
108
r
33
11 1
7
86
15
12 2
g
82
16
188
2.38
198
2.52
1 98
2.42
1 93
1 90
2.30
1 90
2.24
1 90
2.30
1 90
2.40
1 90
2.50
1 93
2.52
202
2.59
1357
10 5
r
97 0
r
309
11 1
g
88
25
11 6
g
76
20
192
2.29
191
2.36
189
2.29
180
2.31
138.3
131.3
4
37.7
Q
86
24
4
388
4
10 8
r g
274
273
1,159.2
515
13 134
155.2
148
224
3171
3323
155.6
9917
1 0384
13.3
19.7
156.6
517
1055
106 1
106
795
293
APPAREL
Women's, misses', juniors' apparel cuttings:
Coats
thous. units.. 10,540
8,959
Dresses
do
152 060 131 924
Suits (incl. pant suits, jumpsuits) .. ................do .... 10,986
Skirts..
do
93577 89769
Slacks, jeans, dungarees, and
jean-cut casual slacks *
,do.... 242,442 219,716
Blouses
thous. dozen.. 31,234 29,575
See footnotes at end of tables.
64
.319
22
1045
3885
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly:
Acetate filament yarn
mil Ib..
2148
204.6
Rayon staple, including tow
do....
4037
352.7
Noncellulosic, except textile glass:
Yarn and monofilaments
do
37902 38237
Staple, incl. tow.
do
37733 3 991 5
Textile glass fiber
'.
do
Fiber stocks, producers', end of period:
Acetate filament yarn
mil. Ib..
12.3
14.8
Rayon staple, including tow
..do....
22.4
22.5
Noncellulosic fiber, except textile glass:
Yarn and monofilaments.....
do....
292.5
3068
Staple, incl. tow
do....
3264
311.8
Textile glass fiber
..
do....
Manmade fiber and silk broadwoven fabrics:
Production(qtrly.), total #..
..mil. sq. yd.. 10,796.6
Filament yarn (100%) fabrics #
do.... 4,754.9
Chiefly rayon and/or acetate
fabrics
do ....
Chiefly nylon fabrics
do ...
3718
Spun yarn (100%) fabrics #
.do.... 4,903.1
Rayon and/or acetate fabrics, blends
do ....
36.5
Polyester blends with cotton
do . . . . 3,844.0
Acetate filament and spun
yarn fabrics
do ....
866.6
Producer Price Index, gray synthetic
broadwovens.
.12/75—100 .
1472
1473
1463
Manmade fiber textile trade:
Exports, manmade fiber equivalent
mil. Ibs.. 449.16 506.79
35.33
Yarn, tops, thread, cloth
..do.... 206.29 226.86
1558
934
Cloth, woven.
do . 12487 13457
Manufactured prods., apparel,
furnishings
...do.... 243.86 27922
1976
Imports, manmade fiber equivalent
do.... 1,491.03 1,683.66
130.04
Yarn, tops, thread cloth
do
26806 302 12
23 39
Cloth, woven
.
do .. 18620 20484
1591
Manufactured products, apparel,
furnishings.....
.. . do . 1,222 97 1 381 54 10664
Apparel, total.....
do.... 799.90 92116
7034
Knit apparel
do
341 17 42832
27 13
WOOL AND MANUFACTURES
Wool consumption, mill (clean basis):
Apparel class
mil Ib
Carpet class
do
Wool imports, clean yield
do
Duty-free
do
Wool prices, raw, shorn, clean basis, delivered
to U.S. mills:
Domestic—Graded territory, 64's, staple 2%"
and up...
dollars per ib..
Australian, 64's, Type 62, duty-paid
.do....
Wool broadwoven goods, exc. felts:
Production (qtrly.)
mil. sq. yd..
78
.311
27
4
499
r
626
13776
693
14085
619
10 545
903
9966
870
8420
973
9 061
1 131
9487
1 135
10 099
649
9 240
396
9787
8671
9120
8574
7484
7 524
7 172
7 112
7 332
6904
5676
5507
19,127
2,530
17,976
2,425
18,540
2,504
19,933
2,232
19,333
2,549
17,246
2,520
17,078
2,432
18,449
2,804
18,513
2,623
15,599
2,177
16,592
2.159
2 16
2.88
S-32
Unless otherwise stated in footnotes
below, data through 1984 and
methodological notes are as shown in
BUSINESS STATISTICS: 1984
SURVEY OF CURRENT BUSINESS
1985
April 1987
1987
1986
Annual
,.' .,
1986
Feb.
May
Apr.
Mar.
June
Aug.
July
Mar.
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
24,438
24,723
TEXTILE PRODUCTS—Continued
APPAREL— Continued
Men's apparel cuttings:
Suits
thous units
12 403 10 552
Coats (separate), dress and sport
do
19794 19794
Trousers (separate) dress
do
116 413 112 612
Slacks (jean cut) casual
do
186355 180 811
Shirts, dress and sport
thous. doz.. 40,363 48'028
Hosiery, shipments
thous. doz. pairs.. 308,660
822
959
888
1 002
598
987
1 516 1 503 1 662 1 485 1 620 1445
7707
8 165
9 138
10 166 10338 10 551
15949 12599 12*917 13758 16492 16 125
4072
3538
4019
3759
3890
4*421
24,442 25,537 28,452 23,734 25,127 27,870
796
1 768
9 231
14 039
3993
25,029
870
1 990
9 836
15 512
4374
23,817
988
2082
9883
16'l68
4*867
30,818
858
1715
8910
14586
3*925
29,989
800
1458
8 499
16621
3,415
24,190
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net), qtrly, total
mil. $. 3
110,450
U S Government
do
69 722
3
Prime contract
do
107 915
Sales (net), receipts, or billings, quarterly,
3
total
do
100 144
U.S. Government
do . 3 63,515
3
Backlog of orders end of period #
do
142 813
3
U S Government
do
91 833
3
62 553
Aircraft (complete) and parts
do
3
Engines (aircraft) and parts
do
13 638
Missiles, space vehicle systems, engines,
3
propulsion units, and parts
mil. $.. 18,192
Other related operations (conversions, modi3
fications) products services
mil $
19 091
Aircraft (complete);
10 939 9 12 993 8
Shipments t
do
(4)
40872
Airframe weight f
thous Ib
7,207
6,252
Exports, commercial
mil. $..
MOTOR VEHICLES (NEW)
Passenger cars:
Factory sales (from U.S. plants):
Total
thous
Retail sales, total, not seas, adj
do....
Domestics §
do
Imports §
do
Total, seas. adj. at annual rate
mil ..
Domestics §
do ....
Imports §
do
Retail inventories, domestics, end of period: §
Not seasonally adjusted
thous
Seasonally adjusted
do...,
Inventory-retail sales ratio, domestics §
Exports (BuCensus) total
do
To Canada ..:
do
Imports (ITC) complete units
do
From Canada total
do
8002
7337
11,039
8205
2834
7516
6869
11,450
8215
3235
1499
1,630
1,297
1,603
2.3
1.9
701 16 66946
67719 63967
43949 4 691 3
1 1463 1 1622
i iQ ggg ill 140
Imports, including domestically
13011 13444
Trucks and buses:
Factory sales (from U.S. plants):
Total
do
3393
3,357
Domestic
do
3 130
3 126
Retail sales, domestics: *
1
Total, not seasonally adjusted
do.... 3,913.2 3,947.2
0-10,000 Ibs. GVW
do.... 3,618.3 3,671.3
10,001 Ibs. GVW and over
....do....
294.8 1 275.8
Total, seasonally adjusted
do
0-10,000 Ibs. GVW
do...
10 001 Ibs GVW and over
do
Retail inventories, including captive imports,
end of period:
8394
8276
Not seasonally adjusted
do
Seasonally adjusted ©
do....
861.5
850.4
18527 20906
Exports (BuCensus)
do
Imports (BuCensus), including separate
chassis and bodies
thous .. 1,308.94 1,394.80
Registrations <>, new vehicles, excluding buses
*4 675 14 gOl
Truck trailers and chassis, complete (excludes
detachables), shipments ft
number. 175,152 171,619
124,556 126,470
Van type ft
•
do.
Trailer bodies (detachable), sold
252
595
separately tt
do
Trailer chassis (detachable), sold
6,298
11,286
separately °j"l~
do
RAILROAD EQUIPMENT
Freight cars (new), for domestic use; all
railroads and private car lines (excludes
rebuilt cars and cars for export):
Equipment manufacturers
New orders
do
do
Unfilled orders end of oeriod
do
Eauioment manufacturers
do
Freight cars (revenue), class I railroads(AAR): $
Number owned, end of period
thous
Capacity (carrying), total, end of month
mil tons
Average per car
tons
See footnotes at end of tables.
1 12 080
1
11 674
'9510
'9510
1759
1 759
11 508
11 508
1242
12426
2677
267
r
8197
1337 2
9255
1 1387
10630
1 1342
994 1
7960
12397
1 1488
16417
575.0
848.3
575
921
531
443
718
720
578
493
882
476
668
309
643
675
618
832
613
219
108
8.0
28
655
590
897
649
248
98
7.0
28
713
647
972
720
252
11.2
8.0
32
685
615
1,072
786
286
11.4
8.2
31
706
630
1,001
736
265
5
11.1
5
8.2
5
29
505
466
954
649
305
10.7
7.4
426
401
952
673
279
12.7
9.4
34
637
581
1,217
925
292
16.1
12.3
38
684
627
906
633
273
10.3
7.0
33
556
509
783
521
262
10.5
7.0
3.5
561
522
992
673
319
13.6
9.6
4.0
617
585
626
428
198
8.2
5.8
2.4
691
634
781
558
223
9.9
7.3
2.6
1,867
1,741
2.6
6352
6199
351 5
954
822
1907
1,796
3.1
6963
6650
3810
1042
848
1,945
1,809
2.7
7301
7022
3809
117 8
906
1867
1,755
2.6
5890
5699
410 4
1104
918
1,860
1,733
5
2.5
8032
77.72
4608
1137
1 012
1,726
1,696
2.7
39 18
3668
4357
522
934
1,557
1,548
2.0
2062
18.97
3289
600
894
1,293
1,178
1.1
5952
59.01
3225
975
1 149
1,413
1,294
2.2
5050
45.95
3931
1044
948
1,537
1,376
2.3
5420
49.95
4661
1207
719
1,499
1,297
1.6
4281
40.26
365.2
96.0
902
1,726
1,500
3.1
3243
28.28
322.9
r
75.9
800
1,861
1,612
r
2.7
6012
55.57
379.3
97.7
671
236
259
266
260
272
284
298
317
301
263
324
293
214
280
262
281
258
308
281
298
272
299
273
251
234
264
247
318
295
306
279
246
224
250
230
299
277
314
290
282.2
264.7
17.4
3044
283.7
207
318.2
295.0
23.1
2788
256.4
223
340.3
315.0
25.3
3144
291.5
228
377.2
354.1
23.2
3348
312.8
221
359.1
333.9
25.3
330.1
306.6
235
328.0
304.0
24.0
316.6
294.8
21.9
320.8
299.1
21.6
394.3
371.4
22.9
430.9
407.9
23.1
451.2
428.7
22.5
296.5
271.9
24.7
295.8
272.8
23.0
260.8
241.5
19.3
287.8
263.6
24.2
347.8
322.1
25.7
341.3
316.7
24.7
238.9
219.2
19.7
6
266.6
«244.8
6
21.8
304.7
284.3
20.4
329.5
-, 305.3
24.3
369.8
343.7
26.0
330.1
304.8
25.3
9598
923.3
15 47
9765
943.9
1666
10063
969.5
2068
991 1
963.6
3005
9840
964.8
2023
9359
1,017.8
1362
9233
976.5
718
840.8
874.9
2328
881.6
893.2
1944
905.2
884.3
15.47
839.4
861.5
11.48
942.5
917.2
17.97
996.1
956.6
16.08
1,026.7
991.7
109.41
134.15
130.22
117.66
131.18
138.47
124.20
80.18
94.75
115.73
78.78
94.97
115.75 •••'
345
370
401
407
434
405
397
483
415
320
396
356
326
11,719
8,266
14,776
10,779
15,072
10,696
15,760
11,412
15,315
11,444
14,309
10,906
14,920
11,572
16,014
12,571
14,958
11,155
11,815
8,707
13,870
9,840
12,514
r
9,lll
14,474
10,183
5
q 3
14
64
52
66
81
55
71
53
56
36
415
567
430
771
380
352
342
621
446
561
544
544
1425
1 425
2697
2697
574
574
1252
1 252
337
337
607
607
1850
1 850
4618
4618
827
827
955
955
4746
4746
999
999
485
485
4232
4232
1247
1,247
797
797
3782
3782
1161
1161
1,081
1 081
3702
3702
1134
1134
1,096
1 096
3664
3664
1132
1,132
723
723
3255
3255
886
886
668
668
3037
3037
r
39
40
527
504
25
568
6
1,954
1,954
1,594
1 594
2677
2677
867
79
857
85
7217
8323
672
84 1
7136
8230
709
834
842
704
836
r
836
829
82
822
817
811
808
799
795
792
6992
8368
69.44
8374
68.9
835
687
8360
6836
8372
6804
8394
67.90
8403
6720
84 14
66.96
84 18
66.69
842
(2)
'936
683
«252
10.1
7.3
e
2.8
1,936
1,712
2.8
(2)
'
April 1987
S-33
SURVEY OF CURRENT BUSINESS
FOOTNOTES FOR PAGES S-l THROUGH S-32
General Notes for all Pages:
r
p
e
c
Revised,
Preliminary,
Estimated,
Corrected.
Page S-l
t Revised series. The estimates of personal income have been revised as a part of the
annual revision of the national income and product accounts (NIPA's) released in July 1986
and as part of the comprehensive revision of the NIPA's released in 1985. Articles describing those revisions appear in the July 1986 and December 1985 issues of the SURVEY. See
tables 2.6-2.9 in the July 1986 SURVEY for revised estimates for 1983-85. Pre-1983 estimates appear in The National Income and Product Accounts of the United States, 1929-82:
Statistical Tables. For order information see the box at the beginning of the National Income
and Product Accounts Tables in this issue of the SURVEY.
$ Includes inventory valuation and capital consumption adjustments.
§ Monthly estimates equal the centered three-month average of personal saving as a
percentage of the centered three-month moving average of disposable personal income.
O See note "O" for p. S-2.
t Effective May 1986 SURVEY, data for seasonally adjusted building permits have been
revised back to Jan. 1984. These revisions are available upon request.
@ Effective July 1986 SURVEY, data have been revised. In addition to the normal revisions, a number of important changes have been made, including the elimination of the
"Nonhousekeeping" residential category, which has been replaced for the most part by a
new "Hotels and Motels" category in nonresidential buildings; the inclusion of residential
major replacements in "Additions and Alterations," which is renamed "Improvements;"
and significant historical revisions to estimates for one-unit residential buildings, railroads,
electric, gas, and Federal industrial buildings. Due to these changes, much of the data have
been revised back to 1964 and are available from the Construction Statistics Division at the
Bureau of the Census, Washington, D.C. 20233.
$ Effective July 1986 SURVEY, this index has been revised to a new comparison base of
1982= 100. Revisions back to 1964 are available upon request.
Page S-2
Page S-8
1. Based on data not seasonally adjusted.
O Effective with Sept. 1986 SURVEY, the industrial production index has been revised
back to Jan. 1984. These revisions are available upon request.
# Includes data not shown separately/
t See note "t" for p. S-8.
$ Effective April 1987 SURVEY, current dollar business sales and inventories data have
been revised, in some cases, back to January 1982. Revised data appear in the report
"Manufacturing and Trade Inventories and Sales" CB-87-69 available from the Bureau of
the Census.
§ Revised series. Data for inventories are available from 1959; sales and ratios 1967
forward. Revisions are available upon request.
1. Advance estimate.
# New series effective Sept. 1985 SURVEY. All activity reported on a gross basis (i.e., the
entire amount of loan) including refinancings and combination construction—purchase
loans. Revised data are now available back to Jan. 1984. Earlier data will be available later.
O Home mortgage rates (conventional first mortgages) are under money and interest
rates on p. S-l4.
§ Data include guaranteed direct loans sold.
t Effective April 1987 SURVEY, wholesale trade data have been revised back to Jan.
1980. Revised data and a summary of changes appear in the report Revised Monthly Wholesale
Trade Sales and Inventories BW-13-86S, available from the Bureau of the Census, Washington, D.C. 20233; $1.25 per copy.
t Effective April 1986 SURVEY, retail trade data have been revised. Estimates of retail
sales have been revised back to Jan. 1983 and estimates of retail inventories have been
revised back to Jan. 1978. Revised data and a summary of changes appear in the report
Revised Monthly Retail Sales and Inventories BR-13-85S, available from the Bureau of
the Census, Washington, D.C. 20233; $3.00 per copy.
# Includes data for items not shown separately.
@ Series revised effective April 1987 SURVEY. Data now include mutual savings banks.
PageS-3
#
t
t
§
Includes data for items not shown separately,
See note "t" for p. S-8.
See note "t" for p. S-2.
See note "§" for p. S-2.
PageS-4
1. Based on data not seasonally adjusted.
# Includes data for items not shown separately.
j Includes textile mill products, leather and products, paper and allied products, and
printing and publishing industries; unfilled orders for other nondurable goods industries
are zero.
O For these industries (food and kindred products, tobacco, apparel and other textile
products, petroleum and coal, chemicals and allied products, and rubber and plastics products) sales are considered equal to new orders.
PageS-5
1. Based on unadjusted data.
2. Effective with the Mar. 1986 SURVEY, the reporting frequency has been changed
from monthly to 3-month intervals.
@ Compiled by Dun & Bradstreet, Inc. Monthly data from 1984 to 1985 for failures and
liabilities, are available upon request, but are not comparable to the earlier years. The
failure annual rate data will be available at a later date.
# Includes data for items not shown separately.
§ Ratio of prices received to prices paid (parity index).
$ See note "$" for p. S-4.
t Effective with the July 1986 SURVEY, data (back to 1983, for some commodities) have
been revised. Effective with the Feb. 1987 SURVEY, data (back to 1984, for some commodities) have been revised. These revisions are available upon request
O See note "t" for p. S-6.
Page S-6
§ For producer price indexes of individual commodities, see respective commodities in
the Industry section beginning p. S-l9. All indexes subject to revision four months after
original publication.
# Includes data for items not shown separately.
t Beginning with January 1987 data, the consumer price indexes are being calculated on
a revised basis, using 1982-84 expenditure patterns and updated population weights. Additional
information regarding the revised basis is available from the Bureau of Labor Statistics,
Washington, DC 20212. Seasonally adjusted data have been revised as follows: back to
1981, effective with the Feb. 1986 SURVEY and back to 1982, effective with the Mar. 1987
SURVEY. These revisions are available upon request.
$ Effective with the Feb. 1986 SURVEY, data back to 1981 have been revised. Effective
with the Feb. 1987 SURVEY, data back to 1982 have been revised. These revisions are
available upon request.
Page S-7
1. Computed from cumulative valuation total.
2. Index as of Apr. 1, 1987: building, 373.2; construction, 405.9.
# Includes data for items not shown separately.
§ Data for May, July, and, Oct. 1986 are for five weeks; other months four weeks.
O Effective Feb. 1987 SURVEY, data for seasonally adjusted housing starts have been
revised back to 1984. Effective Feb. 1986 SURVEY, data for seasonally adjusted housing
starts have been revised back to 1983. These revisions are available upon request.
PageS-9
1. Advance estimate.
2. Data beginning Jan. 1986 are not strictly comparable with earlier data because of a
change in estimation procedures.
$ See note "$" for p. S-8.
# Includes data for items not shown separately.
O Effective with the January 1987 SURVEY, the seasonally adjusted labor force series
have been revised back to January 1982. The January 1987 issue of Employment and Earnings contains the new seasonal adjustment factors, a description of the current methodology, and
revised data for the most recent 13 months or calendar quarters. Revised monthly data for
the entire 1982-86 revision period will appear in the February 1987 issue of Employment
and Earnings.
t The participation rate is the percent of the civilian noninstitutional population in the
civilian labor force. The employment-population ratio is civilian employment as a percent
of the civilian noninstitutional population, 16 years and over.
@ Data include resident armed forces.
PageS-10
O See note "O" for p. S-9.
§ Effective June 1986 SURVEY, data have been revised back to April 1984 (not seasonally adjusted) and January 1981 (seasonally adjusted) to reflect new benchmarks and seasonal adjustment factors. The June 1986 issue of Employment and Earnings will contain a
detailed discussion of the effects of the revisions.
PageS-11
$ This series is not seasonally adjusted because the seasonal component is small relative
to the trend-cycle and/or irregular components and consequently cannot be separated with
sufficient precision.
<> Production and nonsupervisory workers.
§ See note"§" for p. S-10.
PageS-12
1. This series is not seasonally adjusted because the seasonal component is small relative
to the trend-cycle and/or irregular components and consequently cannot be separated with
sufficient precision. Use the corresponding unadjusted series.
§ See note "§" for p. S-10.
O Production and nonsupervisory workers.
t Earnings in 1977 dollars reflect changes in purchasing power since 1977 by dividing by
Consumer Price Index.
§§ Wages as of Apr. 1, 1987: Common, $16.67; Skilled, $21.87.
@ New series. The Employment Cost Index (EC!) is a quarterly measure of the average
change in the cost of employing labor. See p. S-36 of the August through October 1984
issues of the SURVEY for a brief description of the ECI.
t Excludes farm, household, and Federal workers.
t$ See note "£" for p. S-l 1.
S-34
SURVEY OF CURRENT BUSINESS
April 1987
PageS-13
Page S-16
1. Average for Dec.
2. Reported annual; monthly revisions are not available.
$ Effective January 1984, series revised due to changes in the reporting panel and in the
item contents. The new panel includes 168 banks that had domestic office assets exceeding
$1.4 billion as of December 31, 1982. Beginning Jan. 1985, data are as of the last Wednesday of the month. Earlier data are as of the Wednesday nearest the end of the month or year
(meaning some data are as of the first Wednesday of the next month).
# Includes data for items not shown separately.
$$ Reflects offsetting changes in classification of deposits of thrift institutions. Deposits of thrifts were formerly grouped with deposits of individuals, partnerships, and corporations, instead of with deposits of commercial banks in the United States.
# "Transaction balances other than demand deposits" consists of ATS, NOW, super
NOW, and telephone transfer accounts, which formerly were classified with savings deposits. "Nontransaction balances" reflects the combination of deposits formerly reported separately as time deposits and the savings deposits remaining after deduction of the items now
reported separately under "transaction balances."
§ Excludes loans and federal funds transactions with domestic commercial banks and
includes valuation reserves (individual loan items are shown gross; i.e., before deduction of
valuation reserves).
O Securities of Federal agencies and corporations have been shifted out of "other securities" and are now combined with U.S. Treasury securities. Also, loan obligations of States
and political subdivisions have been shifted out of "other securities" and are now shown
separately among the loan items.
@ 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.
@-@ Insured unemployment as a percent of average covered employment in a 12-month
period.
1. The Aaa public utility average was suspended Jan. 17, 1984, because of a lack of
appropriate issues. The average corporate and the Aaa corporate do not include Aaa utilities from Jan. 17 to Oct. 12. The Aaa utility average was reinstated on Oct. 12; the Oct.
monthly average includes only the last 14 days of the month.
2. Effective with Jan. 1986 data, the practice of adjusting exports and imports for seasonal and working-day variations was discontinued.
§ Number of issues represents number currently used; the change in number does not
affect the continuity of the series.
$ For bonds due or callable in 10 years or more.
# Includes data for items not shown separately.
@ 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
PageS-14
1. Data are for fiscal years ending Sept. 30 and include revisions not distributed to the
months.
?. Weighted by number of loans.
t Effective with Mar. 1987 SURVEY, the consumer installment credit series have been
revised for the period 1980 through 1986 to reflect updated seasonal adjustment factors and
newly available historical information for depository institutions, finance companies, and
retailers. Effective with Apr. 1986 SURVEY, the consumer installment credit series have
been revised for the period 1975 through 1985.
# New series. Effective with Apr. 1986 SURVEY, data for savings institutions (includes
savings and loan associations, mutual savings banks, and federal savings banks) are shown
for the first time.
# Includes data for items not shown separately.
O Adjusted to exclude domestic commercial interbank loans and federal funds sold to
domestic commercial banks.
$ Rates on the commercial paper placed for firms whose bond rating is Aa or the equivalent.
$$ Courtesy of Metals Week.
@@ Average effective rate
§ Effective July 1986 SURVEY, data have been revised back to Dec. 1972 and are available from the Banking Section, Division of Research and Statistics, Board of Governors of
the Federal Reserve System, Washington, D.C. 20551.
@ Revised for periods between October 1986 and February 1987. During this interval,
outstanding gold certificates were inadvertently in excess of the gold stock.
PageS-15
t Effective Feb. 1987 SURVEY, the money stock measures and components have been
revised and are available from the Banking Section of the Division of Research and Statistics at the Federal Reserve Board, Washington, D.C. 20551.
$ Composition of the money stock measures is as follows:
M/.—This measure is currency plus demand deposits at commercial banks and interestearning checkable deposits at all depository institutions—namely NOW accounts, automatic transfer from savings (ATS) accounts, and credit union share draft balances—as well
as a small amount of demand deposits at thrift institutions that cannot, using present data
sources, be separated from interest-earning checkable deposits.
A/2.—This measure adds to Ml overnight repurchase agreements (RP's) issued by commercial banks and certain overnight Eurodollars (those issued by Caribbean branches of
member banks) held by U.S. nonbank residents, money market mutual fund shares, and
savings and small-denomination time deposits (those issued in denominations of less than
$100,000) at all depository institutions. Depository institutions are commercial banks (including U.S. agencies and branches of foreign banks, Edge Act corporations, and foreign investment
companies), mutual savings banks, savings and loan associations, and credit unions,
y^/j—This measure equals M2 plus large-denomination time deposits (those issued in denominations of $100,000 or more) at all depository institutions (including negotiable CD's) plus
term RP's issued by commercial banks and savings and loan associations.
L.-_This broad measure of liquid assets equals M3 plus other liquid assets consisting of
other Eurodollar holdings of U.S. nonbank residents, bankers acceptances, commercial
paper, savings bonds, and marketable liquid Treasury obligations.
$$ Includes ATS and NOW balances at all depository institutions, credit union share
draft balances, and demand deposits at thrift institutions.
O Overnight (and continuing contract) RP's are those issued by commercial banks to
the nonbank public, and overnight Eurodollars are those issued by Caribbean branches of
member banks to U.S. nonbank customers.
@ Small time deposits are those issued in amounts of less than $100,000. Large time
deposits are those issued in amounts of $100,000 or more and are net of the holdings of
domestic banks, thrift institutions, the U.S. Government, money market mutual funds, and
foreign banks and official institutions.
# Includes data for items not shown separately.
§ Number of issues represents number currently used; the change in number does not
affect the continuity of the series.
PageS-17
1. See note 2 for p. S-16.
# Includes data not shown separately.
§ Data may not equal the sum of geographic regions, or commodity groups and principal
commodities, because of revisions to the totals not reflected in the components.
PageS-18
1. Annual total; quarterly or monthly revisions are not available.
2. Restaurant sales index data represent hotels and motor hotels only.
3. For month shown.
# Includes data for items not shown separately.
§ Total revenues, expenses, and income for all groups of carriers also reflect nonscheduled service.
t The threshold for Class I railroad status is adjusted annually by the Interstate Commerce Commission to compensate for inflation.
O Average daily rent per room occupied, not scheduled rates.
## Data represent entries to a national park for recreational use of the park, its services,
conveniences, and/or facilities.
t Before extraordinary and prior period items.
PageS-19
1. Reported annual total; monthly revisions are not available.
2. For month shown.
3. Less than 500 short tons.
# Includes data for items not shown separately.
§ Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
# New series. Access lines are a communication circuit that connects a customer location to a switching center.
@ Because of deregulation, carriers are free to enter both domestic and international
markets. Previously, carriers were limited either to domestic or overseas markets. Separate
data for domestic or overseas are no longer available.
t Data for 1984 (and for some commodities, 1985 and 1983) have been revised and are
available upon request.
t Effective with 1985, data are reported on the basis of 100 percent content of ethyl
acetate material.
O Beginning January, 1986, data are not directly comparable to earlier periods because
the data represent only companies that have annual revenues over $100 million.
Page S-20
1. Reported annual total; monthly or quarterly revisions are not available.
§ Data are not wholly comparable from year to year because of changes from one classification to another.
O Data for 1982-85 have been revised and are available upon request.
t Data for 1983-85 have been revised and are available upon request.
# Effective with the Sept. 1985 SURVEY, monthly data have been restated back to Jan.
1984 to include consumption for Hawaii. Prior to 1984, consumption for Hawaii is reflected
in annual totals only.
t Revised data for 1983-85 (and 1981, for revenue from sales to ultimate customers) are
available upon request.
* New series, first shown in the January 1987 SURVEY. Data (formerly included with the
"industrial" class) are reported separately, beginning with 1st Qtr. 1985.
@ Includes less than 500 electric generation customers not shown separately.
Page S-21
1. Previous year's crop. Through 1985, new crop is not reported until Oct. (crop year:
Oct. 1-Sept. 30). Beginning 1986, new crop is reported beginning Sept. (crop year: Sept.
1-Aug. 31).
2. Crop estimate for the year.
3. Stocks as of June 1.
4. Stocks as of June 1 and represents previous year's crop; new crop not reported until
June (beginning of new crop year). Beginning with 1986, quarterly stock estimates for barley and oats are no longer available. However, June 1 stocks will continue to be available and
published here in the May and Annual columns each year.
5. Less than 50,000 bushels.
6. See note "@" for this page.
7. Stocks as of Dec. 1.
8. Based on a 10-month average.
9. Prices are no longer available.
10. Effective with 1986 reporting, coverage has been reduced to 21 selected States,
representing approximately 85 percent of U.S. production. Comparable data for 1985 are
available upon request.
§ Excludes pearl barley.
# Bags of 100 Ibs.
@ Effective with the Mar. 1987 SURVEY, data have been restated to reflect a change in
reporting periods. The quarterly data, available back through 1976, now represent the 3-month
periods Dec.-Feb., Mar.-May, June-Aug., and Sept.-Nov. The annual data, also available
back through 1976, now represent Dec.-Nov.
April 1987
S-35
SURVEY OF CURRENT BUSINESS
PageS-22
Page S-28
1. Figure covers 20 selected States, representing approximately 84 percent of U.S.
production.
§ Cases of 30 dozen.
O Bags of 60 kilograms.
* This series, first shown in the January 1987 SURVEY, is from the Bureau of Labor
Statistics International Price Program and provides a measure of price change for coffee
purchased from other countries by U.S. residents. Prices are based on the cost, insurance,
and freight (c.i.f.) value at the U.S. port of importation; they include the other costs associated
with bringing the product to the U.S. border, but do not include duty charges. To the extent
possible, the data gathered refer to transactions completed during the first 2 weeks of the
third month of each calendar quarter—March, June, September, and December. Annual
data back to 1978 and quarterly data back to 2d Qtr. 1977 are available upon request.
1. Reported annual totals; revisions not allocated to the months.
2. Effective with the Jan. 1985 price, gasoline that contains alcohol as an additive is
included.
# Includes data for items not shown separately.
t Except for price data, see note "@@" for p. S-27.
$ Effective with June 1985, indexes reflect price movements through the middle of the
month for which they are shown. Indexes prior to June 1985 were based on prices for the
previous month; reflecting a one-month lag in pricing.
PageS-23
1. Crop estimate for the year.
2. Reported annual total; revisions not distributed to the months.
* Totals include data for items not shown separately.
O Effective Sept. 1985 SURVEY, the footwear production series have been revised for
1983 and 1984.
Page S-24
1. Annual data; monthly revisions not available.
2. Less than 500 tons.
3. Beginning January 1985, data have been revised because of a new estimation procedure and may not be comparable to earlier periods.
4. See notes 1 and 3 for this page.
>
* New series. Historical data are available upon request.
PageS-25
1. Annual data; monthly revisions are not available.
2. For month shown.
t Beginning January 1982, data represent metallic (mostly aluminum) content. Data for
1981 and prior years represent aluminum content only.
O The source for these series is now the Bureau of Mines.
§ Source: Metals Week.
* New series. Refined copper is recovered from leach solution by electrolysis.
Page S-29
1. See note 1 for p. S-28.
O Source: American Paper Institute/Total U.S. estimated consumption by all newspaper users.
# Compiled by the American Newspaper Publishers Association.
* New series. This index is from the Bureau of Labor Statistics International Price Program
and provides a measure of price change for natural rubber purchased from other countries
by U.S. residents. The data gathered refer to prices that are "free on board" (f.o.b.) foreign
port. The prices refer to transactions completed during the first 2 weeks of the third month
of each calendar quarter—March, June, September, and December. Data back to December 1983 are available upon request.
PageS-30
1. Reported annual total; revisions not allocated to the months.
2. Crop for the year.
3. Data cover five weeks; other months, four weeks.
4. Beginning with 1985, value of shipments for rolled and wire glass is excluded. Comparable data for 1984 and earlier periods, which exclude such shipments, are not available.
# Includes data for items not shown separately.
O Cumulative ginnings to the end of month indicated.
§ Bales of 480 Ibs.
$ Monthly revisions for 1984-85 are available upon request.
t Monthly revisions for 1985 are available upon request.
* New series, first shown in the Oct. 1986 SURVEY. Monthly indexes are available back
to Dec. 1984.
** New series, first shown in the January 1987 SURVEY. Monthly data are available
back to Jan. 1985.
PageS-26
1. Annual data; monthly revisions are not available.
2. Less than 50 tons.
3. Beginning 1st quarter 1984, data have been revised because of a new sample and may
not be comparable to earlier periods.
4. Total for 8 months; no data for March, April, September, and October.
5. Total for 10 months; no data for November and December.
6. Beginning July 1986, data are not comparable with earlier periods.
7. Total for 5 months; data for May, June, Sept., Nov., and Dec.
8. Total for 10 months; no data for Jan. and Feb.
0 Includes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
@ Ail data (except annual production figures) reflect GSA remelted zinc and zinc purchased for direct shipment.
$ Source for monthly data: American Bureau of Metal Statistics. Source for annual
data: Bureau of Mines.
* Includes data not shown separately.
§ Beginning with the Aug. 1985 SURVEY, unadjusted fluid power shipments indexes are
shown. Seasonally adjusted indexes are no longer available.
* New series. For an explanation of material handling equipment shipments and historical data, see p. S-35 of the Dec. 1985 SURVEY.
Page S-27
1. Data are for five weeks; other months 4 weeks.
2. Beginning January 1986, data have been restated because a new methodology has
been adopted.
* Includes data for items not shown separately.
§ Includes nonmarketable catalyst coke.
O Includes small amounts of "other hydrocarbons and alcohol new supply (field production)," not shown separately.
t Effective with the Oct. 1985 SURVEY, coal production data for 1984 have been revised.
Effective with the July 1986 SURVEY, coal consumption and stocks for 1985 have been
revised. Effective with the Oct. 1986 SURVEY, coal production data for 1985 have been
revised. Effective with the April 1987 SURVEY, coal consumption and stocks back through
1985 have been revised. These revisions are available upon request.
@ I n c l u d e s U.S. produced and imported microwave ovens and combination
microwave oven/ranges.
$ "Tractor shovel loaders" includes some front engine mount wheel tractors that had
previously been included in "Tractors, wheel, farm, and nonfarm."
@@ Effective with the July 1986 SURVEY, data for 1985 have been revised and are
available upon request.
PageS-31
1. Less than 500 bales.
2. Annual total includes revisions not distributed to the months.
3. Average for crop year; Aug. 1-Jul. 31.
4. For five weeks; other months four weeks.
O Based on 480-1 b. bales, preliminary price reflects sales as of the 15th; revised price
reflects total quantity purchased and dollars paid for the entire month (revised price includes discounts and premiums).
# Includes data not shown separately.
§ Bales of 480 Ibs..
* New series.
Page S-32
1. Annual total includes revisions not distributed to the months.
2. Production of new vehicles (thous. of units) for Mar. 1987: passenger cars, 744; trucks
and buses, 355. x
3. Effective with 1984, data are reported on an annual basis only. The annual/end of year
figure for 1982 has been revised and is available upon request.
4. Data are no longer available.
5. Effective with the July 1986 SURVEY, data have been revised back to 1984 and are
available upon request.
6. Effective with the Feb. 1987 SURVEY, data have been revised back to 1984 and are
available upon request.
# Total includes backlog for nonrelated products and services and basic research.
§ Domestics comprise all cars assembled in the U.S. and cars assembled in Canada and
imported to the U.S. under the provisions of the Automotive Products Trade Act of 1965.
Imports comprise all other cars.
O Courtesy of R.L. Polk & Co.; republication prohibited. Because data for some states
are not available, month-to-month comparisons are not strictly valid.
$ Excludes railroad-owned private refrigerator cars and private line cars.
t Monthly revisions for 1984-85 are available upon request.
(a) Effective with the Feb. 1986 SURVEY, retail inventories of trucks and buses have
been revised back to 1967. These revisions, which were made to reflect updated factors, are
shown on p. S-35 of the Feb. 1986 SURVEY.
* New series. GVW: gross vehicle weight. For an explanation of methodology and historical
data for retail sales of trucks and buses, see p. S-36 of the July 1986 SURVEY.
tt Data for 1983-85 have been revised and are available upon request.
S-36
SURVEY OF CURRENT BUSINESS
April 1987
S-page Data Diskette
Current data for the series shown in the S (or "blue") pages of the SURVEY OF CURRENT BUSINESS are
available on diskette. The diskettes are available monthly on a subscription basis. Each month's diskette
contains data for the time period shown in the associated issue of the SURVEY. A diskette containing
index files is included with the subscription.
Diskette specifications:
— ASCII file format (can be imported into Lotus 1-2-3*)
-- 9 sector, double sided, double density, 5 1/4 inch diameter diskette
-- Copied using MS-DOS 2.1
-- Documentation included on diskette
Diskettes are available for $240 per year (12 updates) by first-class mail or by pickup at the Bureau of
Economic Analysis (BEA), room 716, 1401 K Street, NW, Washington, DC. The diskette will be available
by noon on these dates in 1987: Feb. 2, Mar. 2, Mar. 30, May 4, June 1, June 29, Aug. 10, Aug. 31,
Sept. 28, Nov. 9, Dec. 7, Dec. 28. (Some of these dates are later than originally announced.) Express and
foreign delivery are available at extra charge.
For more information, write to the Current Business Analysis Division (BE-53), Bureau of Economic
Analysis, U.S. Department of Commerce, Washington, DC 20230.
To order a 12-month subscription, complete and return the form below.
S-page Data Diskette - Accession No. BE A CBA 87-401
Subscriber:
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__
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Address
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Telephone (_
)
Method of distribution:
(check one)
LJ First-class mail, $240 ($300 if foreign postage is required)
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foreign shipping (if applicable)^
Make check or money order payable to: Economic and Statistical Analysis/BEA. (Payment must accompany
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P.O. Box 100606
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1. Lotus 1-2-3 is a trademark of Lotus Development Corporation.
2. Foreign postage and shipping rates available on request from BEA at the Washington address.
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