Full text of Survey of Current Business : August 1972
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A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBLICATION
i.S. DEPARTMENT
OF COMMERCE
Social and Economic
tistics Administration
EAU OF ECONOMIC
ANALYSIS
SURVEY OF
CURRENT BUSINESS
AUGUST 1972 / VOLUME 52 NUMBER
SURVEY OF CUBBENT BUSINESS
; V
: \';;:
CONTENTS
-
,
THE BUSINESS SITUATION .
Personal Income
Corporate Profits
Federal Fiscal Position
Second Quarter <&NP Revised
National Income and Product Tables
The Development of Wage and Price Relationships
fora Long-Term Econometric Model
State and Regional Personal Income, 1971
Alternative Measures of Price Change for GNP, 1969-72
Sources and Uses of Funds of Nonfarm Nonfinancial
Corporations; Size and Composition of Personal Saving
National Income and Product Accounts:
Historical Statistics
2
3
5
6
11
15
21
33
8
U. S, pepartmeiit of Commerce
Peter G. Peterson / Secretary
James T. Lynn / Under Secretary
Harold C, Passer /Assistant Secretary
for Economic Affairs
and Administrator Social and
Economic Statistics Administration
,Bureau of Eepapmie-'Analysis •> '
'
,
George Jasaji / Director
Morris B. Goldman / deputy Director
Lora ;S; Collins /Editor
Leo Y. Barry? Jr. / Statistics Editor
Billy JoHurley / Graphics
36
STAFF CONTRIBUTORS TO THIS ISSUE
38
Richard C.Bartn
Robert B. Bretasfelder
Lbra S. Collins
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index (Inside Back Cover)
•
Barbara L. Miles
Jobn C. Musrgav
Charles A. Watte
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the BUSINESS SITUATION
JL HE unemployment rate held in July
at the 5.5 percent figure to which it
had fallen in June. Before that decline,
the rate had been stable at just about
6 percent for more than a year, as labor
force growth kept pace with the brisk
expansion of employment.
As was pointed out in last month's
SURVEY, the June decline in the unemployment rate reflected developments
in the labor force group aged 16 through
24. That group's unemployment rate
dropped sharply, as employment rose
in line with seasonal expectations but
the number of unemployed rose less than
seasonally, so that the group's labor
force participation declined (seasonally
adjusted). For people aged 25 and over,
the unemployment rate was unchanged
in June as both employment and the
labor force expanded. The large June
decline in the unemployment rate for
those aged 16-24 was probably related
to problems in calculating seasonal adjustment factors for the month in which
academic vacations begin. This made it
seem likely that the group's unemployment rate would move up again in July,
as indeed it did. However, the rate for
workers aged 25 and over—whose labor
force participation shows much less
seasonal volatility—declined in July.
This left the overall rate unchanged.
In the age group under 25, both the
number of labor force participants and
the number employed dropped in July
(seasonally adjusted), but for persons
aged 25 and over there were increases
in both the labor force and the number
employed. Overall, the civilian labor
force expanded only very slightly and
civilian employment was unchanged—
in contrast to the sizable gains registered
in most months of the past year.
The number of workers on nonfarm
payrolls has also been increasing briskly
over the past year, more or less paralleling the increase in the separately
estimated total number of employed
civilians. In the 12 months ending with
May, the increase was about 1% million.
This was almost wholly in the serviceproducing industries, as employment in
goods production (manufacturing, mining, construction) was barely changed—
though manhours in manufacturing increased appreciably because of a lengthening of the workweek. In June and
July, however, nonfarm employment
was sluggish. It increased about 90,000
in June, a modest gain, and fell about
80,000 in July.
Employment in service-producing industries continued to expand in both
June and July, but employment in
goods-producing industries was unchanged in June and declined in July.
Strikes were an important factor cutting
into the July figures on construction
employment, and July activity in the
construction industry was also reportedly hampered by the aftereffects of the
June flooding in the East. There was a
total July decline in construction industry employment of 90,000, somewhat
more than the net drop in the nonfarm
payroll total. The aftereffects of the
flooding are reported to have held down
July employment in other industries as
well, though there were probably also
some employment gains stimulated by
the floods. One industry that seems to
have been affected is apparel manufacturing, where employment declined. In
the aggregate, manufacturing employment dropped 100,000 in July, while
aggregate employment in service-producing industries increased about the
same amount.
CHART 1
Personal Income
Billion $ (Ratio scale)
70 L
Proprietors' tonte
and Dividends
40
1968
1969
1970
1971
Seasonal!/ Adjusted at Annual Rates
*Rent, interest, and other labor income.
U.S. Department of Commerce, Bureau of Economic Analysis
1972
SUKVEY OF CURRENT BUSINESS
Consumer demand
The advance estimate of July retail
sales shows an increase of about 2 percent that well outweighs the decline
recorded in June. The sales estimates for
both May and June were revised up, so
that altogether the sales picture for
recent months now looks even stronger
than it did a month or so ago. On the
basis of the revised information, BEA
has increased the estimates of second
quarter personal consumption expenditures on goods, especially nondurables.
(The GNP revisions are summarized
at the end of this article.)
The indicated July increase in retail
sales includes a very sharp advance in
sales by dealers in the auto group. Indeed, their dollar volume evidently
reached a figure measurably larger than
the previous record set last September.
Aggregate sales by other durable goods
stores were evidently little changed, but
sales by nondurables retailers increased
iy2 percent to more than recoup the 1
percent decline in June.
In unit terms, sales of new domestic
model cars in July were at a seasonally
adjusted annual rate of about 9%
million units. This is an extraordinary
figure, the highest since last September
and October when sales averaged 10}£
million units in the first flush of the
sales boom during the wage-price freeze.
Stated in terms of quarterly averages,
which are less volatile, the sales rate
for new domestic models averaged just
over 9 million units in last year's third
and fourth quarters and this year's
second quarter, and about 8% million
in this year's first.
Foreign car sales thus far in 1972 have
been quite stable at annual rates
between 1.5 and 1.6 million. These
figures are below the very high rates
attained in the spring and summer of
1971, when sales ran above 1.6 million,
but nevertheless represent a sharp recovery from the closing months of 1971.
The foreign car sales rate averaged only
1.4 million units in the 4 months September-December—a period affected
not only by the wage-price freeze
(which ended in mid-November) but
also by the temporary import surcharge and some shortages of foreign
cars due to strikes at U.S. ports.
The evidence on consumer buying
through July certainly indicates good
demand strength. Also, the continued
very rapid expansion of consumer
installment debt indicates a strong
willingness to spend and suggests optimistic income expectations. However,
recent evidence bearing on the outlook
for consumer demand has a more
conservative tone.
The University of Michigan index of
consumer sentiment increased in the
second quarter but the gain was less
than in the first and was concentrated
in respondents' sharply improved expectations about their personal financial
situations; this improvement outweighed pessimism about broader
economic and financial conditions. The
latest Census Bureau survey, taken in
July, found that consumers' expectations of income improvement over the
next 12 months had strengthened since
April. However, the survey found no
significant change from April in spending plans except for a drop in plans to
spend on household furnishings. In
line with these findings are the latest
findings reported from the Conference
Board's bimonthly survey. Overall,
these survey results suggest that consumers continue to feel decidely cautious—even as actual spending and
incomes are rising quite strongly.
Personal Income
Personal income increased $11% billion in July to a seasonally adjusted
annual rate of $934 billion (chart 1).
This was an unusually large increase.
Its exceptional size reflected the fact
that losses caused by the flooding in
the East were written off in June, an
action that cut sharply into June
income. According to the revised
estimate, personal income declined $1
billion in June.
The floods of course had some net
adverse effect on employment and thus
on wage and salary income, but this
effect was not large—viewed in the context of the entire economy—and it did
not have a very heavy impact on personal income. The floods' major impact
on personal income occurred because
August 1972
of the losses to houses and to plant and
equipment and inventories owned by
proprietors.
The write-offs of these losses in the
month of June are currently estimated
by BEA at about $550 million, or about
$6% billion at an annual rate. The estimated amount cut from proprietors'
income was $2}£ billion (annual rate)
and from rental income $4}{ billion.
Thus, if there had not been large losses
to be written off in June, personal income in that month would have risen
(all other things being equal) by $5%
billion rather than declining $1 billion;
and the July increase would have been
$4% billion rather than $11 billion.
The $4^ billion "underlying" July
increase is on the small side, relative
to figures for the past 6 months or so.
The advance in wages and salaries was
quite modest, only $2}£ billion, as earnings in commodity-producing industries
fell about $% billion as a result of the
decline in employment.
Income expansion in the recovery
The expansion of economic activity
over the past year has been mirrored in
a strong expansion of personal income,
especially wages and salaries. The
existence of the various control programs of "Phase 2," instituted late in
1971, is consistent with the strong income expansion this year; the programs
are aimed at moderating increases in
wage rates and unit prices, and not at
total amounts of income. (Similarly,
the constraints put on profits by the
Price Commission are in terms of profit
margin per dollar of sales, not aggregate profits.)
Over the 8-month period from December 1970 to August 1971, the month
when the freeze was imposed, personal
income increased 8 percent at a seasonally adjusted annual rate (table 1).
In the preceding 12 months, encompassing the 1969-70 recession, personal
income increased 5% percent.1
Wage and salary income increased
only 4 percent from December 1969 to
1. The recession trough has been tentatively dated at
November 1970, but calculations using' that month are
severely affected by the loss of wages caused by the auto
strike; in December 1970, the affected payrolls were back
almost to the pre-strike level and the distortion problem is
much less severe if December is used.
August 1972
SUEVEY OF CUBKENT BUSINESS
military pay raises in late 1971. Of
course, other wage components were
[Percent change, seasonally adjusted at annual rates]
also affected by pay raises in the past 2
years, but the Federal raises are generDec.
Aug.
Nov.
Dec.
1970
1969
1971
1971
ally quite noticeable in the data because
to
to
to
to
Aug.
Dec.
Nov.
July
they affect a very large number of
1970
1972
1971
1971
workers at one time. Employment at
Personal income*7.9
5.8
*5.8
9.5
the Federal level has been stable to
4.0
Wages and salaries. _.
*6. 7
*5.8
11.3
declining
throughout the period since
Manufacturing
2.1
-2.4
5.6
12.4
0 ther private. _ _ .
6.1
8.8
6.5
10.9
late
1969
(and had indeed been stable
Government
8.8
*7.7
*4.6
10.7
13.3
O ther labor income
13.9
8.9
10.0
for more than 2 years before that).
Dividends and proprieState-local government employment
10.1
tors' income ..
4.6
-=4.-8'
4.8
continued in 1970 to rise more or less
7.2
4.9
Rent and interest
2.1
6.3
in
line with its strong trend, but stabiTransfers _ _
9.2
23.9
16.8
8.8
lized in 1971; it is now growing again.
* Figures shown are calculated excluding a $2 billion lump
"Other labor income"—mainly emsum bonus wage payment to postal workers in August. This
large income bulge in that 1 month distorts the picture of
ployer payments to private pension and
income developments. With the lump sum included—i.e.,
using the figures as published—the three-starred entries in
health and welfare funds—is a very
the column for change from December to August, reading
down, are 8.2, 7.2, and 10.3 percent, and the three-starred
rapidly growing element of labor comentries in the column for change from August to November
are 4.8, 4.4, and —1.9 percent.
pensation, as table 1 shows. Nonwage
income components have generally inDecember 1970. In the first 8 months of
creased less rapidly since last August
1971, it increased at a rate of 6% perthan in the early months of the recent even though earnings in manufaccovery. The one exception, among major
turing increased very little. The expancomponents, is personal interest income
sion slowed during the freeze period,
(which is combined with rental income
although increases in employment and
in the table). Expansion of both farm
the workweek kept earnings moving up
and nonfarm proprietors7 income was
at a good rate. The expansion since last
very fast early in the recovery, slower
November has been strong, in line with
in the freeze period, and even slower in
the growth of manhours.
the period November-July.
The recovery of manufacturing manThe level of transfer payments was
hours, and thus of earnings, did not get
boosted during the course of both 1970
underway until late in 1971. Since Noand 1971 by increases in social security
vember, manufacturing wages and salabenefit rates. With the mid-1971 benefit
ries have increased at a very substantial
increase excluded, the rise in total
annual rate of 12% percent.
transfer income from December 1970
The figures in table 1 for private non- to August 1971 is about 10% percent,
manufacturing wages snd salaries are more in line with the experience since
somewhat distorted by developments last August than is the 16% percent rate
in the construction industry, which of increase from December 1970 to
boost the rate of income change shown August 1971 shown in table 1. Another,
from August to November 1971 and very large benefit increase goes into
hold down the rate of change from No- effect shortly. Unemployment compenvember to this July, Earnings in con- sation is a small part of total transfer
struction, seasonally adjusted, were un- income—less than $6 billion last year
usually strong last November, evidently out of a total of nearly $100 billion.
because of some change in seasonal pat- Income from this source more than
terns plus exceptionally good weather; doubled between late 1969 and late
earnings were unusually weak in July, 1970, during the recession, and conbecause of strikes and the aftermath of tinued to increase at a very substantial
the flooding.
rate during much of 1971. Since late last
The rate of increase in government year, however, it has declined as
wages and salaries was boosted by in- economic conditions have strengthened,
creases in Federal pay scales in early and this has somewhat slowed the
1971 and again in early 1972, plus expansion of total transfer income.
Table 1.—"Change in Personal Income and
Major Components
Corporate Profits
The strong expansion of national
output this year has stimulated a
strong expansion of profits. The preliminary estimate of second quarter
profits as measured in national income
shows an increase of nearly $6 billion
to a seasonally adjusted annual rate of
$87% billion. That figure is a record;
it modestly surpasses the old peak of
$85% billion reached in the middle two
quarters of 1968. Profit expansion in
the second quarter was centered in
durable goods manufacturing, public
utilities, and financial institutions.
The national income measure of
profits excludes gains or losses arising
from differences between the replacement cost of goods taken out of inventory and the cost at which they are
charged to production. These inventory
profits or losses are excluded because
national income is intended to measure
only the factor incomes arising from
production. The amount of inventory
profit was somewhat smaller in the
second quarter than in the first, and
thus book profits—profits as stated
before the inventory valuation adjustment (IV A)—increased $5 billion, somewhat less than the increase in national
income profits. Profit tax liability
increased $2 billion and after-tax book
profits $3 billion.
In June, business suffered a considerable loss of plant and equipment and
inventory because of the floods. On the
basis of available information, BE A
tentatively estimates the amount of the
losses to corporations at $450 million,
or about $1% billion (annual rate) for
the quarter. Thus, in the absence of
the flood losses, but with all other things
being equal, the increase in pretax
profits from the first to the second
quarter would have been about $1%
billion larger than it was. BE A estimates that capital consumption allowances (which include allowances for
accidental damage to fixed capital)
were swelled by about $1^ billion in the
quarter and that the losses of inventory
that affected second quarter profits
were about $% billion.
4
Nonfinancial corporations
Nonfinancial corporations' profits
(including IVA) from domestic acCHART 2
Nonfinancial Corporations:
Output Costs, and Profits
Billions of 1958$
(Ratio scale)
600
500
400
300
200
Dollars
(Ratio scale)
PRICE mmi OF; OUTPUT |
1.4
1.2
1.0
11 t'.r-f t 1 r I1 H 11 It I r t t 1 t t j 4 t 1 > Iii t l i f t t I f it 111 i { t tVl-'
Dollars
(Ratio scale)
1.0
.3
-
Monlatotost
•VI
.1
i M V) ft' 11 I'M I r i;i I « i i IVrt it U 1'tViihi I'*'* 3w\t it'l'i-i. ir
Billion $
80
70
(Ratio scale)
; -PROFITS
.'.,.. i (Annual;
60
50
40
30
1959
61
63
65
67
69
71
SUEVEY OF CURRENT BUSINESS
August 1972
tivities rose $4% billion in the second
quarter to a seasonally adjusted annual
rate of $64# billion (chart 2).2 This
increase put profits about $18 billion
above the figure for the fourth quarter
of 1970, which was both the general
cyclical trough and the quarter in
which output and profits were cut by
the auto strike. Nevertheless, nonfinancial corporations' profits are still
considerably below the peak of about
$70 billion that was attained during
1966 and touched again in 1968. (Total
corporate profits reached a record in
the second quarter because of the strong
growth trend of financial institutions'
profits, which only, paused, did not
decline, in the 1967 and 1969-70 economic slowdowns.)
The recovery of nonfinancial corporations' profits since the fourth quarter of 1970 reflects both fairly strong
expansion of nonfinancial corporations'
real output (i.e., their gross product, or
value added, in constant dollars), especially in the past 3 quarters, and
recovery in the margin of profit per
unit of real output (chart 2). Despite
this recovery, the margin remains far
below the levels prevailing before the
recent economic slowdown.
Chart 2 shows the real output (constant dollar gross product, or value
added) of nonfinancial corporations;
price, costs, and profit per Knit of output; and the total dollar amount of
profit. Gross product, or value added,
is the sum of factor incomes originating
in corporations plus other charges
against production; it is the sum of
employee compensation, net interest
payments, pretax profits (with IVA),
capital consumption allowances, indirect taxes (net of subsidies received), and transfer payments made
by corporations. The profit margin
plotted on chart 2, profit per unit of
constant dollar output, or value added,
is thus not the same as profit per dollar
of sales. For one thing, sales are stated
in current prices for profit margin
calculations; moreover, a company's
sales are equal to the sum of its value
added plus its expenditure for purchased
materials.
Seasonally Adjusted
NOTE.-Qutput is constant dollar gross corporate product (&CP).
Price per unit is calculated by dividing current dollar GCP by
constant dollar GCP. Unit costs and unit profits are calculated
by dividing the several components of current dollar GCP by constant
dollar GCP. Nonlabor cost consists of capital consumption
allowances, net interest, and indirect by business taxes plus
business transfers less subsidies received.
U.S. Department of Commerce, Bureau of Economic Analysis
2. Net profits remitted from abroad are included in the total
corporate profits figure that is a component of national income. These profits represent a net export of capital services
by U.S. owners of property, and are counted in net exports on
the "product" side of the national income and product
accounts. However, profits from abroad are not included in
this review of nonfinancial corporations' profits, cost, and
output because there is no available information about the
amount of output (value added) with which these profits
are associated.
Unit price and unit costs
The increase in the unit price of nonfinancial corporations' output has been
quite slow in the past year—only 1
percent at an annual rate from the
second quarter of 1971 to the fourth
quarter and only 2 percent (annual rate)
from the fourth quarter to this year's
second quarter. From the fourth quarter
of 1969 to the second quarter of 1971,
unit price increased at an annual rate of
4K percent.
The rate of increase in unit costs has
also slowed. The rebound of output
after the cyclical trough has allowed
fixed costs to be spread over a growing
volume of production. As a result, unit
nonlabor costs have been more or less
stable during the past year after having risen very rapidly in 1969 and
1970, when output was not growing
(chart 2).
The rate of increase of unit labor
cost—employee compensation per unit
of real output—has also been much
slower in the past year than it had
been in the late 1960's. This is the
result mainly of a speedup in the growth
of output per man-hour, for there has
been fairly little slowdown in the
growth of compensation per man-hour.
The Bureau of Labor Statistics has
recently begun to publish quarterly
estimates of man-hours in nonfinancial
corporations (calculated on the basis of
hours paid for, not hours worked), and
these estimates make it possible to
assess the relative importance of output per man-hour and compensation
per man-hour as factors influencing
change in unit labor cost.
Table 2 summarizes developments
since the end of 1966, showing changes
in output, man-hours, output and
compensation per man-hour, and the
various per unit measures plotted on
chart 2.
The first time period in table 2 is
from the end of 1966 to mid-1968, covering the mini-recession of 1967 and a
subsequent period in which man-hours
SURVEY OF CUERENT BUSINESS
August 1972
Table 2.—Change in Nonfinancial Corporations' Output, Price, and Costs
quarterly increase in this category.
Transfer payments advanced $1 billion and net interest increased $0.7
1966-IV
1969-IV
1968-11
1970-IV
1971-11
to
to
to
to
to
billion.
1968-11
1969-IV
1970-IV
1972-11
1972-11
For fiscal year 1972, preliminary data
Output (constant dollar gross product)
38
35
—3 7
84
82
show a deficit of about $22 billion on
2 7
Man-hours
_._.._
_.
2.1
.7
-5.0
2.4
the NIA basis. The deficit on the NIA
Output per man-hour
_ - ..
3.1
14
1.4
58
56
Compensation per man-hour
_
__
7.4
6.2
7.3
65
6 5
basis estimated from the January budg3.2
Unit labor cost
6.0
5.7
6
10
et was $35 billion. (The NIA deficit
2i
6.4
Unit nonlabor cost
6.6
9.9
18
for
the full fiscal year 1972 exceeds the
Unit price
2.7
28
45
2 3
15
-3.7
Unit profit
— 15. 4
—15. 1
15 2
38
average of the four seasonally adjusted
quarterly deficits because the January
1972 increase in the social security tax
continued to increase very slowly. In
Federal receipts increased $4 billion base to $9,000 resulted in an increase
the period from mid-1968 to end-1969, in the second quarter to $225.4 billion in seasonally adjusted social insurance
man-hour growth was faster, produc- (seasonally adjusted annual rate). Cor- contributions in the first half of 1972
tivity very weak, and profit margins porate tax accruals rose $1.7 billion. but had little effect on unadjusted
plummeted. Margins continued to de- Personal taxes increased only $1.5 bil- contributions.)
As shown in table 3, fiscal 1972 NIA
cline in the recession year from end- lion; personal income taxes increased
receipts
were $8.2 billion higher and
1969 to end-1970.
$4.4 billion but there was a $2.9 billion
expenditures
$4.7 billion lower than
The table takes the fourth quarter decline in estate and gift taxes, which
estimated
in
January.
of 1970 as another point for calcula- had been temporarily boosted in the
tions, because it was a cyclical turning fourth and first quarters by a speedup
Personal taxes, mainly because of
point for the general economy. How- in the payment schedule. Social in- unexpected overwithholding, exceeded
ever, the auto strike put an extra surance contributions rose $0.9 billion. the January estimate by nearly $8
damper on that quarter. To put a Indirect business taxes fell $0.2 billion, billion; corporate and indirect business
clearer light on developments since the largely because of a decline in customs tax liabilities were only modestly above
post-strike rebound, the table also .duties.
the budget estimates. On the other
shows change from the second quarter
hand,
social insurance contributions fell
Federal expenditures increased $10.2
of last year to the second quarter of billion in the second quarter to $246.5 about $% billion short, partly because
this year.
billion. This large advance centered in the additional increase in the social
The table covers the period since grants-in-aid, which rose $5,7 billion, security tax base to $10,200 proposed
the time at which significant inflation- including a $4 billion (annual rate) ad- in the budget to be effective retroactive
ary problems began to develop. Be- vance payment for public assistance. to January 1972 was not approved by
fore that, in the first half of the 1960's Other public assistance grants also Congress.
output per man-hour increased strongly increased sharply. Defense purchases
On the expenditure side, grants-in-aid
and offset the increase in compensation rose $1.9 billion—the third consecutive were $3.4 billion below budget estiper man-hour. As chart 2 shows, unit
labor cost was steady in those years
and unit profit increased very subTable 3.—Federal Government Receipts and Expenditures, Fiscal Year 1972
stantially. Beginning in the mid-1960's,
[Billions of dollars]
the situation turned much less favorable
Jan. 1972
Preliminary
for profit margins and has brightened
budget
Difference
actual i
estimate
only in the very recent past.
[Percent change, seasonally adjusted at annual rate]
Federal Government receipts
Federal Fiscal Position
The Federal Government's deficit as
measured in the national income accounts amounted to about $21 billion
(seasonally adjusted annual rate) in the
second quarter. This was more than $6
billion above the deficit recorded in the
first quarter. The increase reflected a
sharp boost in Federal spending, particularly for grants-in-aid and purchases of goods and services.
^
Personal tax and. nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
_ _.
__
Federal Government expenditures
Purchases of goods and services
National defense
Other.
Transfer payments
To persons
To foreigners (net)
_
..-
._
-
_
- --
Grants-in-aid t o State a n d local governments
__..
.
Net interest paid
- - Subsidies less current surplus of government enterprises
Less' Wasre accruals less disbursements
Surplus or deficit ( — ) national income and product accounts
___
202.8
211. 0
8.2
91. 3
33.0
19.8
58.7
99. 2
33.5
20.1
58.2
7.9
.5
.3
-.5
237.8
233. 1
-4.7
103.0
73.3
29.7
103. 1
74.3
28.8
.1
1.0
-.9
79.8
77.0
2.8
78.5
75.7
2.8
-1.3
-1.3
36. 2
13. 4
5.4
.0
-35.0
32.8
13.5
5.3
.0
-22.1
-3.4
.1
-.1
i Except for contributions for social insurance, all data are based on the average of four seasonally adjusted quartars.
12.9
6
mates, largely because budget assumptions about revenue sharing did not
materialize. Transfer payments were
also well below the budget, primarily
because of lower-than-expected unemployment benefits. Total purchases of
goods and services closely matched the
January budget estimate although defense purchases were higher and nondefense purchases lower than assumed
in the budget.
SUEVEY OF CUEEENT BUSINESS
Table 4.—Budget Position of the
Security System
Social
[Billions of dollars]
Present law
Fiscal year
Old law
2.3
1973
-3.4
1974
.3
5.1
1975
1.5
5.5
.3
5.9
1977
—1.1
6.5
1978
-1.5
5.7
1976
...
.-
-.
Source: Social Security Administration.
Increase in social security benefits
Last month's Congressional approval
of . a 20 percent across-the-board jncrease in social security benefits, new
social security taxes, and a new method
for determining future benefit and tax
increases has important implications for
the budget outlook in fiscal 1973 and
beyond.
The new across-the-board benefit increase will raise transfer payments $8.2
billion (annual rate) in October. This
represents an expenditure increase of
about $6 billion for the full fiscal year
1973 as compared to about $4 billion
of social security benefit increases included in the 1973 budget presented
last January (and in the mid-year
Budget review). The budget assumed a
5 percent across-the-board benefit increase payable in July 1972 plus liberalized benefits in certain other categories.
Under the new law, social insurance
contributions will increase $6.5 billion
(annual rate) in January 1973 as a
result of increasing the combined employee-employer tax rate from 10.4 percent to 11 percent, and increasing the
maximum earnings subject to tax from
$9,000 to $10,800. The January budget
called for a rate increase to 10.8 percent in January 1973 and for an increase in the tax base to $10,200 effective January 1972. As compared to the
budget, the impact of the new law is
to reduce the estimate of Federal receipts in fiscal 1973 by roughly $1%
billion.
In addition to raising benefits and
taxes, the new legislation introduces an
escalator clause tying future benefit
increases to the increase in the consumer price index. Barring additional
legislative action, the earliest date at
which an "automatic" benefit increase
could occur would be January 1975. An
increase at that time would be triggered
if the CPI in the second quarter of 1974
is at least 3 percent higher than in the
third quarter of 1972.
After 1974, when the tax base will
rise to $12,000 under the new law,
increases in the tax base will automatically go into effect when benefits
increase. The amount of the increase
will be determined by the percentage
increase in average wages subject to the
social security tax.
The new method of determining
social security benefits and their financing substantially reduces (or eliminates)
the budget surpluses of the social
security system. In the past, these
surpluses have provided a source of
financing general fund deficits. Table 4
shows the estimated budget position
of the social security system, fiscal
years 1973-1978, under the present
law and under the old law. The projections under the present law assume
"automatic" increases in benefits and
in the maximum earnings subject to
tax in January 1975 and January 1977.
Second Quarter GNP Revised
On the basis of additional source
data, BEA has made various revisions
in the income and product accounts for
the second quarter. Aggregate GNP is
essentially unaltered, with downward
revisions in business fixed investment,
net exports, and State and local government purchases just about offsetting
upward revisions in consumption, inventory accumulation, and residential
construction.
August 1972
From the first quarter to the second,
total GNP increased slightly more
than $30 billion at a seasonally adjusted annual rate, or close to 11%
percent. In deflated terms, the advance
was nearly 9% percent.
The downward revision of about $1
billion in business fixed investment
reflects the availability of more complete information on second quarter
spending. This information indicates
that investment in producers' durable
equipment did not increase nearly as
strongly in the second quarter as
preliminary evidence had suggested.
However, the estimate of investment
in nonresidential structures has been
revised up.
The estimated rate of inventory
accumulation was revised up and now
stands at $5 billion (annual rate).
This accumulation figure is low in
absolute terms, given the growth rate
of economic activity, but it is far
stronger than the accumulation rate in
recent quarters. The estimate of accumulation in May (in terms of book values,
which are reported monthly) was revised up, and all major business sectors
show sizable gains in that month.
Estimated June accumulation by manufacturers was very substantial, though
trade firms showed a decline. An
upswing in inventory accumulation has
been conspicuous by its absence in
the current economic recovery, and
most analysts are expecting demand
strength to develop in this area. The
second quarter figures, though subject
to error and hardly conclusive, suggest
that a move in this direction may be
underway.
The estimate of personal consumption expenditures was revised up about
$1 billion, mainly in spending for
nondurables. The first half of 1972 saw
a very strong advance in consumer
spending—about 9% percent at an
annual rate in the first quarter and
more than 10 percent in the second.
These gains, coming in a period when
after-tax income has been held down
by the effects of overwithholding, have
pushed the saving rate down to about
6% percent. For nearly two years the
rate had been running around 8 percent
or higher.
Aug ust
1972
SUKVEY OF CURRENT BUSINESS
f
1
rWART ^
]
Revised figures show second quar ter GNP up $30 3 billion; real GNP up 9V percent
i» In July: The jobless rate remained at 5.5 percent
i1
The wholesale price indexrose 0.8 percent; prices of nonindustrial products were up 2.2 percent
,<>
THE LABOR MARKET
TOTAL PRODUCTION
Billion
$
1,150
CURRENT DOLLAR GNP**
Percent
89
16
CIVILIAN LABOF? FORCE AND EMPLOYMENT*
^
12
;
Total .4?
1,050
,.V\
>^°Final Sales
ft
-
Inventory Change /
*T
950
\
i
i
)
Iabor Force
i
i
i
80
Employment ^
77
i i i i i i i i i i i \ i j i-i 1 1 i i t r
Biilic> n $
Pe rcent
40
8
,
20
4
Quarterly (I I)
Total >
0
700
- ,-, -.Total'-'" ~[^f^ '?. ''" '
_
rtsrrt^St^f
f • •-.
, , ,;
^ ^
\
, Final Sales
,
,,
Inventory
, Change , , ,
,
: , ,
i
650
, 1
l l
1
i
Quarterly (ll)
i
f
>
72
_
Employment* (left scale) ,
CONSTANT 00LLAR(J958); GNP** ,
(Change From Previous Quarter)
- - ' " "' \Total-'"" r - : V - ; \ - ; •
' . Va-r Final, Sales
1,
^^r?
68
60
..>"""•',,-
1 » it j !if j ir .
M ! I I 1t 1 ! I 1
37.5
1 '•- - / 'B -''*'' 'V >"-"• • - ' ' -
-5
35.0
'
1971
1972
BEA
Quarterly (ll)
* Seasonally Adjusted
* * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis
140
120
130
110
i i i t i J i i i ii
120
100
PRODUCTION 0 RNONSUPERVISORV
WORKERS (PRImil*
»••>***' •
Average Hourly Earnings ..„.—**
{right seal J), ^<
^ ^ /*"**
;, , v^x-' '• - -' X•^f^^*^^
^ - - - - .«'»•* •/
-
^~<>V<N/^
ii > i 1 1 1 1 » t i
t if I I 1 i M f i
1970
1971
Monthly (July)
,/ Retail Food*
I f | 1 1 I 1 1 ! 1 1
3.50
^*~*S~
•
i it i i ! i i; ii
1972
1967 = 100
BLS
115
3.00
HO
- ,%
1
_
'",,,;'"•
.Farm Products
\ Total, ^
Processed Foods , ^ , / ^J^
and Feieds-^ ^J^v^
"'industrial
Commodities,
105
/
/
^
V-;/
120
3.25
2.75
BLS
125
. WHOLESALE PRIGIS,
Average
Weekly Hours
(left scale)
^—^-
I : Total
Monthly (June)
3.75
.«><•*** -
;
130
,:
Ctoilers
__
BEA
1967 = 100
Monthly (July)
42.5
1
140
^^""
Man-Hours**
(right scale)
64
40.0
1970
Quarterly (||)
150
45.0
, " • ' , ' •
5
0
Nil Ih, ll
CONSUMER PRICES
Hours
• ,
0
BLS
B Ilions
BEA
Per<:ent
15
10
i » t rii ii 1 1 1
160
r-^V
750
• ' " •> '
NONFARMESTA BLISHMENTS
' - , '
BEA
8
Monthly (July)
CONSTANT DOLLAR (1958) G N P * * ; ,
-•""'-
12
V.,,..
t 1 f 1 1 If 1 1 1 I
1 >t 1 1 1 1 1 J J ,1 Ji
BEA
76
"\
r^~\_
4
Mill'on Persons
- - -'
Quarterly (II)
Married Men
Billio i $
""""
lllllh.l,
CHAIN PRICEs INDEX FOR GNP*^
(Change Frorn Previous Quarter)
^^-rNXS/r
/:v ••'•'• •"'.,
x-
850
800
BLS
2
I
ll - i- Wl i i ' • •••"' • •
P=f IF=B=I = = F ii - = ' • '
, --''
Per cent
16
6
Mj H r.
;
-.j
0
1 1I1 1 f t i f 1 1
UNEMPLOYMEW TRATE*
TotaK 1-' ', '- '-|t; |; | V. _
10
4
Monthly (July)
-
,,-,,,
• . • ' . , ;
8
83
BEA
CURRENT DOLLAR GNP**,
;
(Change From £= ,
,.>.,,
- Previous
5
^5Quarter)
i
5,
|-*- Final Sales | E
,
;
' /— **
Quarterly (II)
, ,
s*
^
1,000
0
IMPLICIT PRICE DEFLATOR FOR GNP**
(Change From Previous Quarter)
.
86
1,100
30
PRICES
Million Persons
i i i i i Ii ii i i
1970
;
:
,
t t i i i1 t i t ii
1971
Monthly (July)
1972
BLS
SURVEY OF CUKEENT BUSINESS
August 1972
CHART 4
• Personal Income rose $11% billion in July in a rebound from the effects of flood losses in June
• Personal consumption expenditures rose $17'4 billion in the second quarter; the savings rate declined further
• Auto sales continued strong in July
INCOME OF PERSONS
FIXED INVESTMENT
CONSUMPTION AND SAVING
Billion $
Billion $
950
750
Percent
~~~1 14
Billion $
100
: PERSONAL CONSUMPTION EXPENDITURES*
AND PERSONAL SAVING RATE*
PERSONAL INCOME*
producers' Durable Equipment*
700
900
850
650
800
600
/
r
750
Monthly (July)
10
50 _ Nonresidewttal. SWItures*;
8
25
-i.
r 1
i
t
:
, .^^^l
-:'^v:-:-;;
f?esrcfential Structures**
r
Quarterly (ll)
Billion $
75
Personal Saving Rate
(right scale)
BEA
Billion $
12
Personal Consumption
Expenditures
(left scale)
Quarterly (II)
BEA
Billion $
Billion $
100
650
WAGES AND SAtAtiES
ANO-EQOlEtt
'
600
90
Total
(left scale)
550
200
30 ~
80
500
150
25 **
70
20
60
450 Lt.U.'j''.H M E M 1 i i > t i I i t I i t I j t ,t t 11 t i i i t I 100
Monthly (July)
Quarterly (IV)
BEA
Billion !
10
CAPITAL GOODS MANUFACTUiERS*
(NOIfDEfBISE)
f
750
Shipments
r
700 -
650
Quarterly (II)
Monthly (July)
Monthly (June)
Trade Sources & BEA
Billion $
Million Units
1.5
3.0
Census
NET CHANGE IN INStAOJIENT .
CREDIT OUTSTANDING*
2.5
1.0
2,700 -
2.0
2,600 T
1.5
2,500
1.0
1970
1971
Quarterly (II)
* Seasonally Adjusted
1970
BEA
* * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis
1972
1971
Monthly (June)
1972
i J It i>t . .< ..!|,,.I '..-.t'-.\ i \ 1 1 1 - lii i . i..i..i'..i-V.i'_I...'r>- t i i
1970
1971
Monthly (July)
1972
Census
August 1972
SURVEY OF CURRENT BUSINESS
S
• In second quarter: Inventory accumulation on the GNP basis was up $5 billion
•
Balance of payments deficit shrank on both official and liquidity bases
•
Federal budget deficit was $21 billion on NIA basis
INVENTORIES
FOREIGN TRANSACTIONS
GOVERNMENT
Billion $
Billion $
Billion $
30
10
200
CHAISE m BUSWESS^NVETOte**:^" ; -•• ^
' (GNP Basis) r';-' v-' ; "r t ^*- : v-'' ;X ''''^V"' !• v -' > : - '
~V '' , y;:VA;V:*^-V>r- ::, ^: Vr^;?'h
20
-x
'- .- , -\\;«- '• , ,\s: J >-' -'- - ;5 , • -',,"'.''-'- . " ' •
•
;
• • '•
10
5
' • • : • •...:.:;> v :-, --•> -„, • • : • • •
0
,v>rv. :; '" .'-;-'' : -« x ^v">v : ^"-V
:;« EXPORTS*•.»\v'i.'--.;f
".'•.. , ,-/^-\" <v-;r A :>--,, -:
:
*•>"••.-' ^r r , s, , v\\ vi^- .; -- ,-/ A;T;-J;\ A;;;- -X
;
\
; 7
1
- s \ - -:-,-- ^V^^^r-vs*;:;^-^-'^'^'
o"V^^^,^^\\>"r.^"s
;;
160 _^- -\ / \, , ^5^;j^J5:;:^^^v^; ^OQ\>^4,^ ;>^::?>S5 -i
\ * •" - ' .: s ^
;Jr;?53||g^!^^||-?^x ?< >:; - -; "";V\' '- *-«- >s. f
S^rKJx ,~? ; 4;J# ^V'5 ;^V ->
X
\,'w-'-v''
;V^>>'^rv'yX-V^w^f f"
\-v ^pi-j-v
---,, '-;;•--- ;;\-\ -;- \~ ;s. , ;», _ '- .".-•/''-'
- ' - ' ,. 'N***
• -."-> •-
,'.
;.;,
- -„ --<
-U'V"1'' X - - '-^V
"
f^^iSSi^^^^^SS
"" i^§^wftilftMift''^^§^^^
__. ' "
^ft^^^fe^xl"^ :%120 i-~^^- '"-;-,-•< -i~ -°VX:IA-"': 7r6Ci6feii-i"iuwiA';v-
>;
-°- :--' " ;\- -' r ;T,-- ,--
SlsilSSsi
' •• ~^H~ '«•-_--"- ;-."••":' ; '\ ; " -, • -, , v - - ,- - ' \ •'-
.Mill.. •
0
:
• !::'^>^\. ^sJ' ^-'i^H^X
/'
< - C - - * ' - , < , ' **» - '' ^»,^:--:-} ?' \ Y v_
v
^^^;
S Merchandise
s
- A ;;^,
~ ' .^vV^xVr.f =--.:r.-,>..
-5
' -, - " - , - - ' s , -, .-
-10
-10
1
Quarterly (II)
Quarterly (II)
Billion $
6
:
\ JA^FACRJRim/]^:^^
(Book Valii^Endof
ItetHX^V-^::
^
•
;
v
-:
-. \ '•';' ': ,:: \-;;;:\- -;;;;;\-;, ,; ~ -",^ ,;!,: '•"/. '•-" ;' '•""•'/-'.. ;: ,'x -• ?> - ; v--' : MV : r-.V >-A ' ,-:':-"
';-;:/;•;: -<-;- S;v:-v;"2^-^^::';^' '
-;;;;; V./;; ;U:;^j|^^^ " -A~ ;v» , ;;^
5
4
;- v^V l;"^:,;
,\- ' , ^^~^^f^
3
170
;t*^--ft,V: iVvViQ^C fi^
ft-^^^;>* -Ii -V; 1s ^,% %\-'-r<
40
;
!-, -•?"• ^V 5«* V C«- V
fv ^-""^^^'W.*^p^^' ^i/ v-^
^5^:v:;;cS-\«?--\^l-7?v-';t\
:.<X: :\^BS^^M^^^
?
:
•1 r - • ¥ ?Pf^5^:>®^: Cp^^l^^^;:
- ' - - ^ > < L - ' - - " -/.:'•
\':iv'i': V/C: '".'"fVfV't-'.i ""•••.'j-v^i'-'^' 4 '-"
200
180
,.:--a-\:,
BEA
Billion $
190
s
80
:, ---_, \ ' .. %
BEA
'•
,,,--.
Quarterly (||)
Billion $
280 ,-' ' -\ ; "<"^' "', ' ;-'= >• ; . J s ^ . ' \;.-v ! h ,'•-'' V-,->V- sV, ••'•<••>
",;-'•-,-;.
FMbE*-- -.-' - • - • ' - / h^yyv--'-;:""--" '
-- :-: V,,;-;;v.-: ''-:-';v-;V:f:, --v,;' x '";
C;;sV/\/.- ~ : /'.,'.; r\;"...\X;,^ • :
?N/< ~ : v^- -- ; : A: : . - '•; ''.»-'';x.'.v*' ;- '-- : ,/-- ;:
•*'•'..' :'^ ^'-'-^v- :."^v;x< I/'A/^'^'Nv-A •••• -
240
!
i 1 1 r» I-M t i i , II i t j f i. i ii f
i i \ it I ii i ti
Monthly (June)
; , v _ , -\\ " - ;,\Ni
_
- -
: MAWOFACTtlRMG AND TRADE INVENTORIES* >:
;; .(Boo^^iu^MftMjbnth)5 ;:v:,;,, ;> ;:'r; ,'. .-,
~'V - ' - • , . ' ?' :.' •-/< ^ '.^;V . : A '"---r^:,;\ 7 - " '~
120
>
Maoufaeturjng
-. ,. A..'- •,,-/\;- -• ' , . : '
-,.
/*-: M ' . . - A ^-.V: ••- ' .
100
80
ra
«e
.
,;...-— *•"*:"-
/ "
;
N>
. fv' '. .'•' ".,- -.--'
- »--,' , ':»:' - , ,- Li->: >^^l;;v-vh::J'5^1----%-"
- - : - --'-- ,-\\ '
.^Si/v5^
^^'M^^^^:
^-i :';. Imports - >- >: ": - :; W '\^K^< -^ ' ^
-•; ,;-vV--. «.v -S'
s
,''•-:"-,.- r---s-\/ x '\- : '° ' "
160
" : :;< A<-?^;K,';S^fS>^
;;"..v'. C>:^S^:^ \ : vV -fi^v
i f u i f \ \ » \ C t I ri i 1 I i i I t
2
| |i| { 1 1 i | { | i
Monthly (June)
ion
Census
"•'-"'<:' ^^-- ... ~ ^ -'^ - -•""'-. .',-•' '". 'C~..-^N->:'. '."'.' - -
50
:
:;MSCE§F;-WVMENTS*-A
>S
:
-V^ '--•;,•;•- • ' --' >•.'-. V.\V' - ' -~
5
; ?
,...-\,Cun^:]te(»uirt^:
r
:
:
:
;
<:,.^H" .^-: "\x-"';; - ' - -; v- ' 7 -~-:"- - ^
-5 —
{JfimHYKittiwHml; and
lorj§:Terrji Capital
>,'
',
^
,
—
\FB5ERtfOTGET;KSiTlpN5*; : i;.",V ; ;: , A; ^ ;' ^:;
'
(NIA;; JB.3${$)l ~ \ •: \-V v\ --> :-- J-;x,\ ^ ; -y: -'' -v_. :-" .: •' - - . '}
25 """ -,' «' - '- ' '-.-I l-\ ^ ' > ; ''"/'^V?"'' v'^XvU >X'.^.." >;:~:,r -"^""^
;; -: .-; •/ r; t> :;\.;; - \ -• ;/ V;v;::;:t:"^ ^V1:. 5 :> - '
0
-25
~ ; •/: ' -^: -v |^;,-">^-^oH-^ -•\ ->- \ ~- ' ~ --'
Monthly (June)
°-- 1
r
t -:-"•
J
1
}
:
1
.1
' ,1 „
Quarterly (1)
1R
• ; . - . . i' '
,|v< 'I,-'
'"^^^^^^^^^^
1.4
,
• '
:. .
r
J
, -
v\
BEA
.
1 1
,
•• • '
1971
Monthly (June)
* Seasonally Adjusted
;
'-.»--.;•««'%-' '
~ ' • ~ ' ~ - /' * *\~ - 1x oaiance , ~^^^~
-,^ p •
I Official Reserve**
Transaictibhs
/*'-- -;';' -"•;., ,'
;;,,;;- **\ ,4 Balance
,.,
- : ; ^\-/\
-; - -
1972
Census & BEA
-15
t
-• " - '
i i \
BEA
sra^.ftKJi)iiiCT
•V. '^X^^^;\'^^^:v::V:>;xv: •->;.--
i:
1970
r I
' -r"\Y
-' , - .
,'•'
••';..; > „ ;
Shipments. ,
~ - \
~
;
;-• ^
- -- ;;:Vy/-;-: ;' .,•/;. ;;, •'
-10
1 1 1 1 11 I 1 I t 1
'•":.',,"'-,•
4
- ;.-
* * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis
473-463 O - 72 - 2
•' •
"•"*—-
- -
,1 , i
Billion $
,
! 1 1 1 I 1 1 1 1 } 1
1970
-1
-
Quarterly (II)
•r^^^^^A
^/Itet Uquidity ;>; ;^;/
/ •_/
•• • " . . • • • " ,"" '"
Trade,
M 1 I 1 1 1 II
-
-•'"','
r .V i :
-50
5
:
. - ; • - ' ? ' . *"-,;:'" • ' ;\
-.'...;-.•/-;.-;;;'•
.
Billion $
; - -•." - , - , • • •;•-.-•-"-'
INVENTORY/SALES RATIOS* /
• -.-.-' '
• '-.W 'V: '-•'"-' - :.,.'' ;••; • ;'"Manufacturing Total Manufoctmg.
\
andTraife
, .-^ \ ^^^r^ '• ' -'\ •"
1.0
:
Census & BEA
Ratio
2.6
-10
~ -.- "
"'i|Hi||ll&; •
, --
1 i t t f 1 I M f I ' i i i h i I' i T I 1 h 1 1 I t t 1 I i l l I
60
BEA
Billion $
10
0
i\WW'xi:::<
Quarterly (II)
Billion $
- , - ; , ' ',-"
/r^,:^vP^ SS^^Sfi:^^'^•^
-• --,t-i -,-> - --s^ : ,v ,-*.
"S^illl^^iS^^
s v-- -: ,,--,- -,-, - , ,>,;,- - -
-t^^^lC0^fm^^
Census & BEA
Billion $
140
'' v FED^At^lftift^^, -Cft' i- >y ^y'.'Vv. v "^:" :i;ri
;;;:{NlA
;8asisj^;fA^
ftft-S'^rv?^^^':
3«/T-\--: -J
^\x -.\ l > • :?:^;^
-^:,^ -r -.-•; : v* *:--^ * ••>>'• .;v"^-:' sx<^<^^-- ;__
x
xv\ .' ;^^ o;<v;-;?\v' ^' \\^:^-V>'^^;<^: ; :r-v r.'^.
; • v; • ; , -;;-• ;i^lhoi|tires';^; ;~: v^»«f*>£>^;;A^:::^;;:
:
200
'^^M^S^^S:
160
BEA
' '
2
*7^$^^:
/- 7 v > >
1
_
;!
7*•>">
:1
**
;:
*
.--LXVl -'-.-. , \ - ' ;
New;0rders
',
„ - ' , , , _ - , ,
\ ' • :\ '---i ' -i .- :
1971
Quarterly (II)
1972
0
1 1 \ i t hi MI i i f 1 1 1 1 r i i t i
1970
BEA
1971
Monthly (June)
i ill f i t I f f t
1972
Census
SURVEY OF C UBKENT BUSINESS
10
August 1972
i
•
In July: industrial production edged slightly higher
The money supply was up sharply
Pre-tax corporate profits almost $6 billion in the secondquarter
9
•
INDUSTRIAL PRODUCTION
MONEY, CREDIT, AND SECURITIES MARKETS
1967 = 100
Billion $
130
550
—
1
110
•£./**•******• . ****** ««*
^x
'
' ,
••
100
Y
\
~
~
__
^'*}\s**
Durable
Manufactures
i i f I 'i ! i f i i <
I! i f 1 | 1 I, j 1. I
l i i J 11 t ! I f 1
Monthly (July)
500
_
/
450
400
350
H : t i L i i ii l i i i i i iijj,j.ji [ i i i i i i i i i i i 180
25
Monthly (July)
75
-
1
\ £y{0§
J
-
v
V
1 t 1 1 1 } i I jVi
0
\»/ "^"^
' '- t *» ,"
. »*•***
f t ji 1 M Lt i j L i t i r \ J i r i i l
32
y/^
Net Free Reserves
_ 30
,
28
..«.^'«'4^ '
****
-2
1 1 M n i .1 1 s
100
.
^_
50
1. 1 ; i ! ! 1 1 i i i
26
i
25
Percent
10
24
80
"
INTEREST RATES AND BOND YIELD
, ,
^^^^ ^Manufacturing
- ^^ - : • •' V
••.",;
8
;,
•••',*'-
6
'
^^
, -:'N--~^—<•—:—- ***r-
'
A/V^L Corporate Aaa (Moody's)
^tf V
>v '-V-—^
v-^ ,-^n**> " ••"" •->
90-Day
s/ v \
Commercial Paper
3-Month %
Treasury Bills **
\/^
4
70
i i T ,
60
j.i V
1
1
Quarterly (II)
1
2
n
_-
16
8
1 j I! i 1 1 M
Percent
24
' , , , ^ ...
•
-^
120
-
16
.
Shipments
f
100
8
S^*****\/
, •
Of)
~^?^Si
••'••'v-.;\./
,
24
-
'
^.
1. \
1
1
1
BEA
, 2 -m
. ;-!•"• ;
.
•
BLS
.
-
.-
_
^^
^s***«
\ •
"•••.,'
-"I-
»
Standard and Poor's 500
32
-
UNIT LABOR COSTS; PRIVATE ECONOMY *«
(Change From Previous Quarter)
STOCK PRICES
- , ; . - • •
1
-
Quarterly (If)
140
' ',•
i
-
•--' ' • •
• •
-8
1941-43=10
-'•''•
.i
•
' -
- •".
40
36
1
BEA
lil. . • i
iJllril
Billion $
DURABLE 600DS MANUFACTURERS*
V
^^.s ^
U; ^
Monthly (July)
FRB
1
Cash Flow After
'^^rDividends
-^**>***'
• '- \
^**"^.-.
Compensation
N Output
— ,
S
0
i i 1 1 i f i 1 1 1 1 l t i i |! l 1 l | i 1
f
-
OJMPENSATION AND REAL OUTPUT PER MAN-HOUR,
PRIVATE ECONOMY**
~ (Change From Previous Quarter)
-
ty'S
' . ' • ' ' '.*•'• •. ,
r i
-
Quarterly (II)
FRB
Percent
v '"
i
i
******
Percent
90
-J:
Nonfinanctal
Corporations
^Profits After Tax
100
RATIO, OUTPUT TO CAPACITY*
.i
'
M 1 1 ! 1 1t i Ji
-
-
75 -»
\-**
Monthly (July)
FRB
*******
^/
(ieftscafe)
\\^*.
*»>-f
Billion $
125
"* * . . V
Monthly (July)
\
\
2
\Vv
•- \
,.
50
'
1
t
t
^
»*'
X, r v- '•- .'
i
—
/^***~~~^'
^"^
CORPORATE CASH FLOW AND PROFITS**
/*/
(right scale)
v/
Total
.
Total Reserves*
•'
• .
Quarterly (il)
Billion $
BANK RESERVES
4
-
FRB
34
INDUSTRIAL PRODUCTION*
- / iiVljO^rr""7V^/*^
r •' '
75
50
6
100
_ 220
•
FRB
: • Steel
100
200
Billion $
'
240
-
•-
'^'"I/^
—**~*>^
150
-
*
.** **"*
v
..^rfi.,—"
Money Supply
~ (right scale) X o a n k Credit
(left scale)
\»f*22?
1967=100
125
Billion $
125
CORPORATE PROFITS AND IVA, BEFORE TAXES**
^/
/•
>
V
90
Nondurable
„. —
Manufactures
/
"/ ' *""! '
^*~*
Total
\ „f
' - •/••**
•
Billion $
BANK CREDIT AND MONEY SUPPLY*
/
1
PROFITS AND COSTS
260
INDUSTRIAL PRODUCTION*
120
ifHAPT A
/
New Orders
I..I __ |IB
_'
J1" jJ-
/ . ' , • •
< j i t i i t t i.ti
1970
i t i, i i 1 i i ? i r
1971
Monthly (June)
* Seasonally Adjusted
1972
i 1 1 i ! 1 ! ! .i i l
1970
Census
* * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis
60
iii i i ! t i : ti
1 1 1 1 1 1 1 i M .1
1971
1972
Monthly (July)
-8
1970
1971
Quarterly (II)
1972
BLS
SURVEY OF CURRENT BUSINESS
August 1972
11
NATIONAL INCOME AND PRODUCT TABLES
1971
1970
1971
I
II
1972
III
IV
1971
I
II
1970
1971
I
II
Seasonally adjusted at annual rates
1972
III
IV
I
II
Seasonally adjusted at annual rates
Billions of current dollars
Billions of 1958 dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross national product
976. 4 1,050. 4 1,023.4 1,043.0 1,056.9 1,078. 1 1,109.1 1,139.4
_- . _ ..
Personal consumption expenditures
Durable goods
Nondurable goods
Services
_
Gross private domestic investment
Fixed investment
Nonresidential
_
.
Structures .
Producers' durable equipment
Residential structures
Nonfarm
Farm
..
._
722.1
741.7
731.9
737.9
742 5
754 5
766 5
783 9
616.8
664.9
648.0
660.4
670.7
680.5
696.1
713.4
477.0
495.4
488 2
493 0
497 4
503 2
511 0
520 9
90.5
264.4
261.8
103.5
278.1
283.3
99.8
273.4
274.8
101.9
277.2
281.3
106.1
278.5
286.1
106.1
283.4
290.9
111.0
288.3
296.7
113.9
297.2
302.4
83.1
207.0
186.8
92.1
211.1
192 2
88.8
210.0
189 3
90.0
211.2
191 8
94.2
210.5
192 8
95 4
212.8
195 0
98 6
214 7
197 7
100 7
220 1
200 0
137.1
132.2
152.0
148 3
143.9
139.0
153.0
146.4
152. 2
150.9
158.8
157.2
168.1
167 7
177.0
172.0
104.0
99 9
108.6
105 9
105 0
101 2
110 0
104 7
107. 3
106 6
112 0
111 3
116 6
116 3
122 0
118 0
100.9
36.0
64.9
105. 8
38.4
67.4
101.9
37.6
64.3
105.0
38.3
66.7
106.3
38.7
67.6
109.8
38.8
71.0
116.1
41.3
74.8
119.2
42.0
77.2
77.6
23.6
54 0
76.8
22.8
54 0
75 3
23.4
51 9
76 4
23.0
53 3
76 4
22.5
53 9
79 2
22.2
57 0
82 2
23 0
59 2
83 6
23 0
60 6
31.2
30.7
42.6
42.0
37.0
36.6
41.4
40.9
44.5
43.9
51.6
51 0
52.8
52.1
.6
22.3
22 0
.6
29.1
28 7
25. 9
25 5
28 3
28 0
4
30.1
29 7
5
32.1
31 7
4
34 2
33 8
4
34 4
34 0
4
41
2 6
16
38
30
.8
53
4 0
13
7
— 6
1.3
7
— i
.8
3
— i
.3
39
34
5
.5
Change in business inventories
Nonfarm
Farm
.Net exports of goods and services
.7
47.3
46.7-
.4
4
3
.6
.5
4.9
4.8
.1
3.6
2.4
1.2
4.9
3.9
.9
6.6
5.1
1.5
1.3
-.2
1.6
1.7
.8
.9
4
.1
.3
5.0
4.3
.7
4.0
.0
3.6
7
4.5
1
4
-2 1
—4 6
-5.2
22
1
27
—• 7
1
—1 8
—3 3
—2 8
52.2
50 0
52.6
52 5
53.0
50 3
53.0
53 8
54.4
54 3
49.9
51 7
55.5
58 9
54 2
57 0
.5
.6
1.1
.-
62.9
59.3
66.1
65.4
66.3
61 8
66.7
66.6
68.5
68 2
63.0
65 1
70.7
75 3
70.0
75.2
Government purchases of goods and services
219.0
232.8
227.0
229.5
233.6
240.9
249.4
254.1
139.0
137.6
136. 1
135.7
137. 6
141.1
142.2
143.9
96.5
75.1
21.5
97.8
71.4
26.3
96 2
72.5
23.7
96.3
71.2
25.0
97 9
70.1
27.8
100 7
71.9
28.7
105 7
76.7
28.9
108.1
78.6
29.6
64 7
60 8
60 2
59 7
61 0
62 3
62 8
63 7
122.5
135.0
130.8
133.3
135.7
140.2
143.7
146.0
74.3
76.8
75.9
76.0
76.7
78.8
79.4
80.3
Exports
Imports
_
Federal
National defense
Other
_._
State and local. _ ..
_
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product
Final sales.-.- __
Change in business inventories
_ _
_• .
-
976.4 1 050.4 1 023.4 1,043.0 1,056.9 1 078.1 1 109.1 1 139 4
722 1
741 7
731.9
737.9
742.5
754.5
766.5
783.
971. 5 1 046.7 1, 018. 5 1 036. 4 1,055.6 1, 076. 4 1 108.6 1 134 4
718.0
739.1
728.1
732. 6
741.7
2.6
3.8
5.3
.7
766.3
.3
780.
4.1
753.8
.7
4.9
3.6
4.9
6.6
1.3
1.7
.4
5.0
3.
-
471.9
495 5
487 1
492 4
497.5
504.8
517 6
537 1
385 8
393 8
389.4
391.0
394.5
400.4
407.0
420.
Final sales Change i n business inventories
467.0
4.9
491. 8
485 8
503.1
5.0
391.2
2.6
385.6
3.8
385. 7
1.7
381 7
4 1
5.3
393.7
.7
399.7
.7
403.8
.3
416.
.4
532.1
6.6
496.2
1.3
517.2
3.6
482.2
4.9
184.9
183.0
195.7
194.6
193.3
189.6
209 2
208 8
164.5
163.8
162.7
159.8
162.8
160. 0
.6
2.9
2.8
167.4
169.5
-2.1
181.
179.
1.4
164.9
166.0
-1.1
175.0
174.8
3.7
198.2
200.1
—1.9
160 0
158.6
1.1
196 7
197.7
—1.0
217.6
214. 6
1.9
194 5
191 0
36
.3
2.
308 4
308 4
319. 6
317.5
229 4
227.3
226.6
225.8
.9
228. 3
225. 7
229. 5
227,7
232.0
232.0
.0
239.
237.
1.9
233.0
230.2
2.8
278.4
282.3
285.2
289.,
69.6
71.8
74.3
74. (
Goods output
_ _ _ _ _ _
Durable goods
_
Final sales
_
_ _ _
Change in business inventories
Nondurable goods- _ _
Final sales. _ - _
Change in business inventories
Services
Structures
_ _ _
_ _
287.0
284.0
3.0
299 8
297 3
2.5
293 8
292 6
1.2
297 9
294 8
31
300 8
298 5
23
306 6
303 0
35
4
3.0
0
2.1
225 8
223 2
2 6
278 4
274.8
278.2
69 5
67.7
68.8
409 2
443 9
431 3
441 1
446 7
456 3
467 3
477 3
272 5
95 4
111 0
105 0
109 5
112 7
117 0
124 2
125 0
63 8
2.0
2.6
3.
1.
Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
Private
Business
Nonfarm
Farm
Households and institutions
Rest of the world
General government _ - _
976.4 1 050 4 1 023 4 1 043 0 1 056 9 1 078 11 109 11 139 4
722 1
741.7
731.9
737.9
742.5
754.5
766.5
783.1
861.8
925 6
901 4
919 3
931 4
950 2
976 6 1 005 0
661 3
681 0
671.3
677.5
681.7
693.7
705.6
723. (
826 3
797 3
28 9
884 7
853 9
30 9
862 7
832 8
29 9
878 7
848 5
30 2
890 9
859 6
31 2
906 6
874 5
32 1
933 7
901 8
31 9
960 4
927.8
32.6
640 7
616 0
24 7
658 5
633.0
25.5
649.7
623. 9
25.8
654.8
629. 3
25.4
659.8
633.9
25.9
669.8
644.8
25.0
682.9
659. 2
23.8
699. J
676.
23. 1
30 9
33 9
33 0
33 2
34 3
35 1
36 0
37.3
16 7
16 9
16.9
16.7
16.9
17.1
17.4
17. '
4 6
6 9
5 7
74
62
85
68
7.2
4 0
5.6
4.7
6.0
5.0
6.8
5.4
5J
114 7
124 8
122 1
123 7
125 5
127 9
132 5
134 4
60 7
60 7
60 6
60.5
60.8
60.8
60.9
60.!
HISTORICAL STATISTICS
National income and product data for 1929-63 are in The National Income and Product Accounts of the United States, 1929-1965,
Statistical Tables (available at $1 from Commerce Department Field Offices or the Superintendent of Documents; see addresses inside
front cover). Each July SURVEY contains preliminary data for the latest 2 years and final data for the preceding 2. The July 1972 issue has
data for 1968-71. BEA will provide on request a reprint of final data for the years 1964-67. Prior July issues have final data as follows:
1964-65, July 1968; 1965-66, July 1969; 1966-67, July 1970; 1967-68, July 1971.
STJKVEY OF CUKKENT BUSINESS
12
1972
1971
1970
1971
I
II
August 1972
III
IV
I
1971
II*
1970
1971
Seasonally adjusted at annual rates
976.4 1,050.4 1,023.4 1,043.0 1,056.9 1,078.1 1,109.1 1,139.4
86.3
Equals: Net national product- . 890.1
Less: Indirect business tax
and nontax liability ~_ 93.4
Business transfer pay4.2
ments _ _ _ _ _ _
Statistical discrepancy. _ -4.7
Plus: Subsidies less current
surplus of government enterprises
Equals: National income-Less: Corporate profits and
inventory valuation
adjustment _ _
Contributions for social
insurance
Wage accruals less disbursements _ _ __
Plus: Government transfer
payments to personsInterest paid by government (net) and by
consumers
Dividends
Business transfer payments
Equals: Personal income
93.8
90.2
92.4
95.0
97.4
99.7
105.3
956.6
933.2
950.6
961.9
980.7 1,009.3 1,034.1
101.9
99.2
100.3
102.6
105.6
106.7
108.7
4.6
-4.8
4.5
-3.3
4.6
-4.9
4.7
-5.9
4.7
-5.2
4.8
-4.1
4.9
-1.6
.9
1.7
.8
.3
.7
1.2
1.6
798.6
855.7
834.5
851.4
860.8
876.2
903.1
923.6
69.9
78.6
76.6
80.1
78.3
79.4
81.8
87.6
57.7
65.3
64.0
64.8
65.7
66.9
71.9
73.1
.0
.6
.0
.2
.6
IV
I
II*
Table 6.—National Income by Type of Income (1.10)
National income..-
798.6 855.7 834 5 851 4 860 8 876 2 903 1
923 6
Compensation of employees
603 8 644 1 628 6 639 6 648 0 660 4 682 7
697 8
Wages and salaries
Private
Military..—
G o vernment civilian
1.4
-1.4
-.5
75.2
89.0
82.8
90.7
90.3
92.1
94.4
95.7
31.0
24.8
31.1
25.4
31.3
25.5
31.0
25.4
31.1
25.5
30.9
25.2
30.9
26.0
31.8
26.2
4.2
4.6
4.5
4.6
4.7
4.7
4.8
4.9
806.3
861.4
838.0
858.1
867.9
881.5
907.0
922.1
541.9 573.5 560.4 569 6 576 5 587 3 606 6
620 0
426.8 449.7 439 3 447 0 451 6 460 9 475 8
19.6 19.4 19.8 19 4 18 8 19 4 20 8
95.5 104.4 101.3 103 3 106 0 107 0 110 0
487 1
20 5
112 4
Supplements to wages and salaries.. 61.9
Employer contributions for social
insurance _
29.7
70.7
68.2
70.0
71.5
73.0
76.1
77.8
34.1
33 5
33 g
34 3
35 0
37 3
38 0
32 1
36.5
34 8
36 1
37 2
38 0
38 8
39 8
66.8
70.0
68.1
69 3
70 7
71 8
73 3
73 2
49.9
16 9
52.6
17 3
51.3
16 8
52 4
16 9
53 1
17 6
53 8
18 1
54 3
19 1
54 4
18 7
Rental income of persons
23 3
24 5
23 9
24 4
24 8
25 0
25 2
24 2
Corporate profits and inventory valuation adjustment
Other labor income
1.5
III
Billion of dollars
Table 4.—Relation of Gross National Product, National Income,
and Personal Income (1.9)
Less: Capital consumption
allowances
II
Seasonally adjusted at annual rates
Billions of dollars
Gross national product
I
1972
Proprietor's income
Business and professional
Farm
69 9
78.6
76 6
80 1
78 3
79 4
81 8
87 6
Profits before tax . . .
74.3
83.3
81.3
84.5
84.1
83.2
88.2
93 1
Profit tax liability
Profits after tax
Dividends
Undistributed profits
34.1
40.2
24.8
15.4
37.3
45.9
25.4
20.5
38.0
43.2
25.5
17.7
38.6
45.8
25.4
20.4
37.5
46.6
25.5
21 0
35 3
48.0
25.2
22 7
38.8
49.5
26.0
23.5
40 7
52 4
26.2
26 2
-4.4 -4.7 -4.7 -4.4 -5.8 -3.9 -6.5
-5.5
Inventory valuation adjustment
34.8
Net interest
38.5
37.3
38.1
39. 1 39.7
40.1
40.9
Table 7.—National Income by Industry Division (1.11)
Table 5. — Gross Auto Product in Current and Constant Dollars
(1.15,1.16)
Billions of current dollars
l
Gross auto product ..~
Personal consumption
expenditures
Producers' durable equipment— _ _ _ _ ' Change in dealers' auto
inventories.
Net exports
Exports _
Imports
_ __
30.7
40.9
42.5
40.1
42.4
38.8
39.9
41.5
28.0
35.4
34.3
34.3
37.1
35.9
36.9
38.2
4.9
6.2
6.1
6.1
6.5
6.3
6.5
6.7
-.9
1.4
4.0
1.6
1.2
-1.2
-.9
-.6
-1.7
2.0
3.7
-2.5
2.5
5.1
-2.3
2.4
4.7
-2.3
2.6
4.9
-2.9
2.8
5.7
-2.8
2.2
5.0
-3.0
2.7
5.7
-3.2
2.7
5.9
26.0
6.3
35.7
7.8
36.8
8.0
34.1
8.3
37.9
7.7
34.0
7.4
34.4
8.5
36.2
8.7
35.6
37.0
798.6 855.7 834.5 851.4 860.8 876.2 903.1
All industries, total
Agriculture, forestry, and fisheries
Mining and construction
Manufacturing
_ _ _ _ _
Nondurable goods
____ ____
Durable goods
_ _ _ _ _ ~
25.5 26.5 25.9 25.9 26.7 .27.4 28.5
50.5 54.2 52.5 53.9 54.4 55.7 57.5
216.3 223.2 220.5 223.1 222.3 226.8 238.0
87.5 90.3 88.7 90.0 90.7 91.7 94.8
128.7 132.9 131.7 133.1 131.6 135.1 143.1
Transportation
Communication
29.7 32.5 31.4 32.6 33.1 33.0 34.8
16.8 18.2 18.0 18.2 17.8 18.8 19.7
14 6 16 3 15 7 16 4 16.7 16.4 16.6
121.2 130.8 126.8 130. 2 132.5 133. 7 135.8
Wholesale and retail trade
923.6
90.0 98.7 96.0 97.9 100.2 100.8 102. 3 — —
Finance, insurance, and real estate
102.7 110.6 107.2 109.4 111.8 114.0 117.1
Services
Government and government enterprises
- '- - 126.8 137. 9 134.8 136.5 139.2 141.1 145.9
6.8
6.2
8.5
7.4
5.7
6.9
4.6
Rest of the world
- -
Addenda:
New cars, domestic 2
New cars, foreign
Billions of 1958 dollars
Gross auto product *- _
Personal consumption
expenditures
Producers' durable equipment
Change in dealers' auto
inventories
Net exports. __ ,
Exports
Imports
28.4
36.4
37.1
34.8
37.8
35.8
31.4
29.9
29.7
33.1
33.1
32.9
33.9
4.6
5.6
5.3
5.3
5.9
5.9
5.9
6.1
-.9
1.3
3.6
1.5
1.1
-1.1
— 8
-.6
-1.7
1.9
3.6
-2.3
2.3
4.6
-2.1
2.2
4.3
-2.1
2.4
4.5
-2.6
2.6
5.2
-2.5
2.0
4.6
-2.7
2.4
5.0
-2.9
2.4
5.2
24.7
6.0
32.5
7.1
33.0
7.2
30.5
7.4
34.5
7.0
31.9
6.9
31.4
7.8
32.8
7.9
1. The gross auto product total includes government purchases.
2. Differs from the gross auto product total by the markup on both used cars and foreign
cars.
*Second quarter corporate profits (and related components and totals) are preliminary and
subject to revision next month.
All industries, total
69.9
78.6
76.6
80.1
78.3
79.4
81.8
87.6
14.5
16.7
16.6
16.4
17.0
16.6
16.5
17.5
3.6
10.9
3.3
13.3
3.4
13.2
3.2
13.2
3.4
13.6
3.3
13.3
3.4
13.2
3.3
14.1
•- 55.4
61.9
59.9
63.7
61.3
62.7
65.2
70.1
27.7
16.7
11.0
30.9
16.8
14.1
30.9
16. 6
14.3
31.2
16.8
14.4
30.1
31.2
35.4 -_.__-
13.3
14.3
17.7
7.6
20.1
8.2
22.9
7.8
21.2
8.8
23.7
8.5
22.6
7.6
23.9
7.8
22.0
--
Financial institutions
26.0
Addenda:
New cars, domestic 2
New cars, foreign
Table 8.—Corporate Profits (Before Tax) and Inventory Valuation
Adjustment by Broad Industry Groups (6.12)
Federal Reserve banks Other financial institutions
Nonfinancial corporations
-
Manufacturing
•—
—
Nondurable goods
-—
Durable goods
Transportation,
communication,
and oublic utilities
All other industries
177
/
SURVEY OF CURRENT BUSINESS
August 1972
1971
I
II
1971
1972
1971
1970
13
III
IV
I
1970
II*
1971
I
544.4 580.3 566.9 577.6 583.4 593.5 613.7
633.2
60.3
57.5
59.4
61.2
63.0
64.8
68.0
56.9
55.6
56.0
57.2
58.9
59.2
60.2
Income originating in corporate business
- - - - - - - - - 436.5 463.1 453.7 462.2 465.0 471.6 489.8
368.8 388.8 379.9 386.8 390.4 398.2 412.2
Compensation of employees
^Wages and salaries
-- 325. 5 340.2 333.0 338.6 341.2 348 1 359.7
43.2 48.6 46.9 48.3 49.1 50.1 52.5
Supplements
-
422.4
368.6
53.8
Cash flow gross of dividends
Cash flow net of dividends
Gross product originating in
financial institutions- .
505.0
1.1
1.0
65.2 72.8 71.8 73.8 73.3 72.2 76.5
69.6 77.4 76.5 78.1 79.1 76.1 82.9
34.1 37.3 38.0 38.6 37.5 35.3 38.8
35 4 40 1 38 4 39 5 41.6 40.8 44.2
22.4 22.2 23.0 21.9 22 8 21.1 23.0
13.0 17.9 15.5 17.7 18.8 19.7 21.2
—4.4 —4.7 —4.7 -4.4 —5.8 -3.9 —6.5
81.6
87.2
40.7
46.5
22.9
23.6
—5.5
2.6
Corporate profits and inventory
valuation adjustment
Profits before tax
- Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment-.
1.5
2.0
1.6
1.3
1.2
90.6 100. 4
68.2 78.2
96.0
73.0
98.9 102. 8 103.8 109.0
77.0 80.0 82.7 85.9
114.5
91.6
28.3
30.7
30.7
31.4
32.5
30.9
31.2
30.9
Gross product originating in
516.1 549.4 536.2 546.9 552.2 562. 6 582.4
nonfinancial corporations
600.7
53.2
58.0
55.4
57.1
58.8
60.5
62.1
65.2
50.3
54.3
53.0
53.4
54. 6
56.2
56.5
57. 4
Income originating in nonfinancial
412.6 437.2 427.8 436.3 438.8 445.9 463. 8
corporations
478.0
346 9 365.0 356.8 363.0 366. 2 373.8 387.0
306.5 319.6 313.1 318.0 320.4 327.1 338.0
40.4 45.3 43.7 45.0 45.8 46.7 48.9
396.7
346.5
50.2
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies
Compensation of employees . _
W^ages and salaries
Supplements
Net interest
-
Corporate profits and inventory
valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
_ _
_
Dividends
Undistributed profits
Inventory valuation adjustment _ Cash flow gross of dividends
Cash flow, net of dividends
15.0
16.1
15.8
16.0
16.3
16.6
16.8
17.1
50.7 56.1 55.2 57.4 56.3 55.6 59.9
64.2
55. 1 60.8 59.8 61.7 62.1 59.4 66.4
69.7
26.9 29.4 30.0 30.8 29,5 27.4 31.1 32.7
28.2 31.3 29.8 30.9 32.6 32.0 35.4 37.0
19.9 19.5 20.1 19.2 20.0 18.6 20.3 20.1
9.7 11.7 12.6 13.5 15.1 16.9
•8.3 11.9
-4.4 -4.7 -4.7 -4.4 -5.8 -3.9 -6.5 —5.5
81.4
61.5
89.3
69.8
85.2
65.1
88.0
68.8
91.5
71.4
92.5
73.9
97.5
77.2
102.3
82.1
Billions of 1958 dollars
472.8
Dollars
Current dollar cost per unit of
1958 dollar gross product
originating in nonfinancial
corporations2--- ._ _ _ _
1.208 1. 252 1.241 1.252 1.258 1.258 1.267
Capital consumption allowances
.124 .132 .128 .131 .134 . 135 .135
Indirect business taxes plus transfer
payments less subsidies
.118 .124 .123 .122 .124 .126 .123
Compensation of employees.812 .832 .826 .831 .834 .836 .842
Net interest
.035 .037 .037 .037 .037 .037 .037
•_ _
806.3 861.4 838.0 858.1 867 9 881 5 907 0
Wage and salary disbursements
Commodity-producing industries _.
Manufacturing
Distributive industries
Service industries
Government
II
1.271
.138
.122
.839
.036
.128
.067
.128
.070
.131
.071
.128
.067
.124
.061
.130
.068
.136
.069
.061
.058
.061
.061
.063
.063
.067
541.9
201.0
158 3
129.2
96.7
115.1
572. 9
206.1
160 3
138 2
105. 0
123.5
560 4
202.9
158 5
134 8
101 6
121.1
569 5
205.7
160 2
137 2
103 9
122 7
575 9
206.0
160 0
139 1
106 3
124 6
585 9
209.9
162 7
141 7
108 4
125 9
608 0
217.5
168 8
147 2
111 9
131 4
922 1
Other labor income
32 1
36 5
34 8
36 1
37 2
38 0
38 8
620 5
222.6
174 1
150 1
114 7
133 1
39 g
Proprietors' income.
Business and professionalFarm
66.8
49.9
16.9
70.0
52.6
17.3
68.1
51.3
16 8
69.3
52.4
16 9
70 7
53.1
17 6
71 8
53 8
18 1
73 3
54 3
19 1
73 2
54 4
18 7
23.3
. 24.8
65.8
24.5
25.4
69.6
23.9
25.5
68.6
24.4
25.4
69.1
24.8
25.5
70.2
25.0
25 2
70 6
25.2
26 0
71 0
24.2
26 2
72 7
Rental income of persons
Dividends
_
Personal interest income
Transfer payments _
. _ .. 79.5
Old-age, survivors, disability, and
health insurance benefits
38.5
State unemployment insurance
benefits
. _ _ 3.9
Veterans benefits
9.7
Other
27.4
93.6
87.3
95.2
95 0
96 8
99 2
100 6
44.5
40.4
46.7
45.0
45.7
46.8
48 1
5.7
11.3
32.2
50
11.0
30.9
57
11.2
31.6
59
11.3
32.8
62
11.6
oo o
54
11 9
35.1
56
12 3
34 6
Less: Personal contributions for
social insurance
31.2
30.5
31.0
31 3
31.9
34 6
35 1
28.0
Less: Personal tax and nontax payments
116.7 117 0 112 3 115 2 117 5 123 0 136 5
139 5
689.5 744.4 725.7 742.9 750.4 758.5 770. 5
782.6
Less: Personal outlays
.. 634.7 683.4 666. 4 678.8 689.4 699.2 714.9
Personal consumption expenditures. _ 616.8 664.9 648.0 660.4 670.7 680.5 696.1
Interest paidby consumers
16.9 17.6 17.4 17.5 17.6 17.7 17.8
Personal transfer payments to for1.0
eigners.
_
1.1 1.1 1.0
.9
.9
1.0
732.5
713.4
18.0
54.9
55.7
50.1
533.2 554.7 546.6 554.6 556.5 560.9 565.7
3,366 3,595 3,517 3,592 3,620 3,649 3,700
2, 603 2,679 2,650 2,682 2,684 2,698 2,716
571.4
3,751
2, 739
7.2
6.4
Equals: Disposable personal income
Equals: Personal saving
Addenda:
Disposable personal income:
Total, billions of 1958 dollars
Per capita, current dollars
Pe/ capita, 1958 dollars
Personal saving rate,3 percent
8.0
60.9
8.2
59.3
0
0
64.1
8.6
61.0
8.1
59.3
7.8
1.1
Table 11.—Personal Consumption Expenditures by Major Type (2.3)
Personal consumption expendi616.8
tures.
__
_ _ _
Services
- - --•
Housing
Household operation
Transportation
Other
- -
713.4
113.9
99.8 101. 9 106.1 106.1 111,0
37.3
2.5
46.7
3.3
44.9
2.8
45.4
3.3
48.8
3.6
47.9
3.5
49.9
3.9
51.3
4.1
39.0
14.2
42.0
14.8
41.0
13,9
41.4
15.0
41.9
15.5
43.5
14.7
46.5
14.7
46.8
15.7
- . 264.4 278.1 273.4 277.2 278.5 283.4 288. 3
132.1 136. 4 135. 1 135.9 136. 6 137. 9 140.3
52.0 56.9 55.1 56.7 57.4 58.5 59.4
22.2 23.5 23.0 23.0 23.5 24.3 24.6
58. 1 61.3 60.1 61.6 60.9 62.8 64.0
297.2
286.1 290.9 29S.7
302.4
98.1 100.3 102.5 104.2
39.1 40.0 40.7 41.2
19.8 20.2 20.4 21.0
124.3 125.7 127.3 130.3
108.1
42.7
21.5
132.0
Automobiles and parts
Mobile homes
Furniture and household equipment
- Other
-
Food and beverages
Clothing and shoes
Gasoline and oilOther
664. 9 648.0 660.4 670.7 680.5 696.1
90.5 103.5
_
Nondurable goods __
!• Excludes gross product originating in the rest of the world.
2. This is equal to the deflator for gross product of nonfinancial corporations, with the
decimal point shifted two places to the left.
3. Personal saving as a percentage of disposable personal income
*See footnote on page 12.
Personal income
Durable goods
Gross product originating in
nonfinancial corporations
427.4 438.8 432.0 436.8 438.9 447.3 459.6
Corporate profits and inventory valuation adjustment
.119
Profits tax liability
.063
Profits after tax plus inventory valuation adjustment- . .056
I
Table 10.—Personal Income and its Disposition (2.1)
Table 9.—Gross Corporate Product 1 (1.14)
Net interest
IV
Billions of dollars
Billions of dollars
Capital consumption allowances
- 55.2
Indirect business taxes plus transfer
52.8
payments less subsidies -_ -
III
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Gross corporate product
II
1972
261.8 283.3 274.8 281.3
90.9 99.2 95.8
36.3 39.5 38.0
18.2 19.9 19.3
116.3 124.8 121.8
144.1
61.5
24.5
67.1
Table 12.—Foreign Transactions in the National Income and
Product Accounts (4.1)
63.7
66.9
67.0
67.4
69.2
63.7
71.5
70.7
62.9
Exports of goods and services Capital grants received by the United
.9
States
---
66.1
66.3
66.7
68.5
63.0
70.7
70.0
.7
.7
.7
.7
.7
.7
.7
63.7
66.9
67.0
67.4
69.2
63.7
71.5
70.7
59.3
65.4
61.8
66.6
68.2
65. 1 75.3
5.2
3.2
1.0
2.2
3.6
1.0
2.6
3.2
.9
2.2
3.4
.9
2.5
3.8
1.1
2.7
3.8
1. 0
2. 8
3.8
2.1 —2.5 —2.7 —5.4 —7.7
—8.3
Receipts from foreigners
Payments to foreigners
Imoorts of goods and services
Transfers to foreigners
Net foreign investment
-
1.2 -2.1
4.0
1.1
2.9
n a
SURVEY OF CURRENT BUSINESS
14
1971
1970
1971
I
II
August 1972
1972
III
IV
I
1971
II*
1970
1971
I
Seasonally adjusted at annual rates
191.6 199.1 196. 4 198.2 199. 1 202.8 221.4
92.4
30.4
19.3
49.5
89,6
33.1
20.5
55.9
86.6
33.9
20.9
55.0
88.1
34.4
20.2
55.6
89.8
33.2
20.0
56.1
93.8 105.8
31.1 34.0
20.8
57.0
19.9
61.7
225. 4
107. 3
35.7
19. 7
62. 6
204.5 220.8 212.4 221.2 222.2 227.5 236.3 246. 5
Federal Government expenditures
96.5
. 75.1
21.5
97.8
71.4
26.3
96.2
72.5
23.7
96.3
71.2
25.0
97.9 100.7 105.7
70.1 71.9 76.7
27.8 28.7 28.9
108.1
78.6
29. 6
63.3
61.1
_. 2.2
75.0
72.4
2.6
69.1
66.9
2.2
76.8
74.3
2.5
76.3
73.6
2.7
77.8
74.9
2.9
79.4
76.6
2.8
80.4
77. 6
2. 8
Grants-in-aid to State and local gov24.5 29.3
ernments
..
27.1
29.5
29.8
30.8
32.4
38. 1
Net interest paid
14.0
13.6
13.6
13.3
13.1
13. 8
Purchases of goods and services
National defense _
Other
Transfer payments
To persons. _ _ _ '
_
To foreigners (net)
_
14.6
Subsidies less current surplus of government enterprises . . _-. -..
5.5
Less: Wage accruals less disbursements
.0
13.6
5.2
.0
6.0
.0
5.1
0.
4.6
.0
5.0
.1
5.6
6. 0
I
II
.0
Table 14. — State and Local Government Recepits and Expendit
(3.3, 3.4)
135.0 151.8 144.2 150.1 154.0 158.7 164.8
174.7
Personal tax and nontax receipts
24.3 27.4 25.8 27.1 27.7 29.2 30.6
Corporate profits tax accruals
3.8 4.2
4.2
4.3 4.3 4.1 4.7
Indirect business tax and nontax
accruals
74.1 81.4 78.3 80.1 82.6 84.8 86.8
Contributions for social insurance. . . 8.3 9.4 9.0 9.2 9.5 9.8 10.2
24.5 29.3 27.1 29.5 29.8 30.8 32.4
Federal grants-in-aid
32. 1
5- 0
State and local government expenditures
132.1 147.0 142.2 145.2 147.8 152.7 157.7
Purchases of goods and services _
122.5 135.0 130.8 133.3 135.7 140.2 143.7
Transfer payments to persons
14.1 16.6 16.0 16.3 16.7 17.2 17.8
Net interest paid
.0
-.5 -.1 -.2 -.1 -.1 -.1
Less: Current surplus of government
enterprises.
4.0
4.3 4.3 4.3 4.3 4.3 4.4
Less: Wage accruals less disbursements
_
.0
.0
.0
.3
.4 -.6
.2
Table 16.—Implicit Price Deflators for Gross National Product (8.1)
Gross national product _
89. 0
10. 5
159. 9
146.
18.10
•°
135.23 141.61 139.84 141.34 142.35 142.88 144. 68 145.34
Personal consumption expenditures
129.3 134.2 132.8 134.0 134.8 135.2 136.2
137.0
108.9 112.4 112.4 113.2 112.7 111.3 112.6
127.7 131.7 130.2 131.3 132.3 133.2 134. 2
140.1 147.4 145.2 146.7 148.4 149.2 150.1
113.0
135.0
151.2
. . 132.2 140.0 137.4 139. 8 141.6 141.2 144.2
145.8
130.0 137.7 135.4 137.5 139.1 138.6 141.3
142.6
Structures
. . . . 152.7 168.4 160.9 166.3 171. 9 174.9 179.3
Producers' durable equipment _. 120.1 124. 7 123.9 125.0 125.4 124.5 126.5
182. 7
127.4
Durablegoods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
.
Nonresidential
Residential structures
Nonfarm..
Farm
. 140.0 146.3 143.1 146.0 147.8 147.5 151. 0
140.0 146.3 143.2 146.1 147.9 147.6 151.1
134.9 140.9 137.8 140.5 142.7 141.7 145.6
153.3
153.4
147.3
. 120.5 125.8 125.2 125.8 125.9 126.3 127.4
129.1
131.9
Change in business inventories
Net exports of goods and services
Exports
Imports.
Surplus or deficit (— ), national income and product accounts
-12.9 -21.7 -16.0 -23.0 -23.1 -24.7 -14.8 -21.1
State and local government receipts
IV
Index numbers, 1958=100
Table 13.—Federal Government Receipts and Expenditures (3.1, 3.2)
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax
accruals
Contributions for social insurance. _„
III
Seasonally adjusted
Billions of dollars
Federal Government receipts
II
1972
...
118.6 124.5 122.8 123.8 125.4 126.0 128.0
Government purchases of goods and
68
services
s**™
- 157.6 169.1 166.8 169.2 169.7 170.7 175.4
149.2 160. 8 159.9 161.3 160.5 161.5 168.2
Federal
State and local
. .165.0 175.7 172.3 175.4 177.1 178.0 181.0
176.6
169.9
181.9
Table 17.— Implicit Price Deflators for Gross National Product by
Major Ty pe of Product (8.2)
Gross national product
Final sales
135.3 141.6 139.9 141.5 142.3 142.8 144.7 145.4
122.3 125.8 125.1 125.9 126.1 126.1 127.2 127.7
Goods outout
115.6 119.0 118.8 119.5 119.3 118.4 119.5 119.9
127.1 130.7 129.6 130.5 131.1 131.6 132.9 133.6
Nondurable goods
Services
oiruciures
Structures
135.23 141.61 139.84 141.34 142.35 142.88 144.68 145.34
150.1 159.4 156.9 158.6 160.4 161.6 163.8 165.0
149.7 159.9 155. 1 159.2 162.0 162.9 167.1 168.8
-
Addendum:
108.1 112.5 114,5 115.2
112.1
108.3 112.1
112.3
Table 18.—Implicit Price Deflators for Gross National Product by
Sector (8.4)
Gross national product
Table 15.—Sources and Uses of Gross Saving (5.1)
Private
Gross private saving
Personal saving _
Undistributed corporate profits
Corporate inventory valuation adjustment..
Corporate capital consumption
allowances
Noncorporate capital consumption
allowances _
Wage accruals less disbursements _ _
152.2 170.8 162 5 172.8 171 5 176 5 171 6
54.9
15.4
60.9
20.5
59 3 64 1 61 0
17.7 20.4 21.0
175 8
59 3 55 7
22.7 23.5
50 1
26.2
—4 4 —4 7 —4 7 —4 4 —5 8 —3 9 —6 5
—5 5
55.2
60.3
57 5
59.4
61 2
63 0 64 8
31 2 33 5 32 7 33 1 33 8 34 4 34 9
.0
.4
.0
.2
.9 -.8
.3
*See footnote on page 12.
—4 7 —4 8 —3 3 —4 9 —5 9 —5 2 —4 1
68 0
37 3
-.3
Table
—1i 6B
--
185.5 200. 7
General government
Government surplus or deficit (— ) f
national income and product
accounts.
—10 1 —16 9 —14 0 —18 0 —16 9 —18 7 —7 7 -6.2
—6 2
Federal
—12.9 —21 7 — 16 0 -23 0 -23.1 —24 7 —14.8 —21
-21.1
1
State and local
2.8 4.8 2.0 5.0 6.2 6.0 7.1 14 8
Capital grants received by the United
7
.7
.7
.7
.7
.7
.7
States
.9
*
IBS
Gross investment
138.3 149.8 146.0 150.5 149.5 153.4 160.5 168 77
177. 0
Gross private domestic investment.. 137.1 152.0 143.9 153.0 152.2 158.8 168.1 177.0
Net foreign investment. _
1.2 —2.1 2 1 —2.5 —2.7 —5 4 —7 7 —88 33
Statistical discrepancy -
Business
Nonfarm
Farm
135.23 141.61 139.84 141.34 142.35 142.88 144.68 145. 34
130.31 135.91 134.28 135.69 136.63 136.98 138.40 139. 00
129.0 134.3 132.8 134.2 135.0 135.3 136.7 137.2
129.4 134.9 133.5 134.8 135.6 135.6 136.8 137.2
117.0 120.8 115.9 118.8 120.6 128.1 134.1 137.2
188.8 205.7 201.5 204.6 206.4 210.1 217.5 220.7
19.— Gross National Product: Change from
Period (7.7)
Preceding
Percent at annual rate
Percent
Gross national product:
Current dollars - - -Constant dollars
*
Implicit price deflator
Chain price index
5.0
-.5
5.5
5.3
7.6
2.7
4.7
5.0
14.3
8.0
5.9
6.8
7.9
3.4
4.4
4.6
5.4
2.5
2.9
3.4
8.3 12.0
6.7 6.5
1.5 5.1
2.1 5.6
11.4
9.4
1.8
2.7
Gross private product :
Current dollars - - Constant dollars
Implicit price deflator
Chain price index
4.3
-.5
4.8
4.7
7.4
3.0
4.3
4.5
13.9
8.7
4.8
5.5
8.2
3.7
4.3
4.4
5.4
2.5
2.8
3.4
8.3
7.2
1.0
1.4
11.6
7.1
4.2
4.4
12.1
10.2
1.7
2.3
By RICHARD C. BARTH
The Development of Wage and Price Relationships for a
Long-Term Econometric Model
i,
L N September 1965, work was begun
at Harvard University by Lester
Thurow on the development of an
econometric model designed to provide
long-term projections of the U.S. economy and to aid in the formulation of
fiscal policies. Finanical support was
provided by the Interagency Growth
Project through a research contract
with the Bureau of Economic Analysis
(formerly the Office of Business Economics) . A progress report on that work
was published as "A Fiscal Policy
Model of the United States," by Lester
C. Thurow, in the June 1969 SURVEY
OF CURRENT BUSINESS.
Since then, the model formulated by
Thurow has been extensively tested and
modified, but it retains its original
features of relative simplicity and emphasis on Federal fiscal policies. The
modified model (referred to in this article as the BEA long-term model) is
currently being used to make long-term
projections of GNP and its components.
Because of the emphasis on simplicity
in the design of the original model,
several important economic variables
were treated at a highly aggregative
level, compared to their treatment in
other econometric models, and other
variables that are usually treated as
being simultaneously determined within the economic system represented by
the econometric model were assumed
to be exogenous.
tion for the wage rate. There was an
equation explaining employee compensation that was not so much a behavioral relationship based on theoretical considerations as a correlation of
the movements of broad aggregates,
since employee compensation was determined by observing its relatively
constant ratio over time to national
income.1
This treatment of employee compensation did not create a problem in the
original version of the model since the
only variable directly affected by employee compensation was social security
contributions. Employee compensation
did not interact at all'with the supply
side of the model. However, when the
model was modified so that the income
and supply sides interacted simultaneously, the reliability of the employee compensation equation became
important.
Thus, a natural extension of the
model is the development of a behavorial equation for compensation.
Adopting the theory that prices and
wages are simultaneously determined,
an equation for the price level is also
developed. This article reports on progress in the development of the compensation and price equations.
A three equation model is developed:
an equation explaining the percent
change in employee compensation per
Two key variables in an econometric
model of the aggregate economy are the
price level and the aggregate wage rate.
In the original Thurow model, prices
were exogenous and there was no equa-
1. The Thurow model related employee compensation to
an income variable consisting of personal income less the sum
of dividends, interest (government and consumer), and
government transfers. In the BE A long-term model, the
equation has been modified to take the following form (fitted
to annual data in current dollars for 1948-1968):
ls OTE.—A version of this article was delivered at the American Statistical Association
Annual Meetings, Montreal, Canada, August
C=23.84-f-.7519Y
(9.55) (127.2)
R2=.999
C=private employee compensation
Y=gross national product less the sum of capital consumption allowances and indirect business taxes;
values in parentheses are t ratios.
man-hour, and two price relationships,
the first explaining the level of the
implicit deflator for gross private product and the second explaining the percent change in the implicit deflator for
personal consumption expenditures.
The percent change in employee
compensation per man-hour is explained primarily by two factors: demand pull, measured by the unemployment rate, and the expected rate of
price change, measured by the percent
change in the current period in
the personal consumption expenditures
deflator.
The percent change in the personal
consumption deflator, needed for the
compensation equation, is explained by
a simple correlation with the percent
change in the gross private product
deflator, and that deflator is explained
by making it a function of unit labor
costs and a demand variable, the unemployment rate.
Development of wage-price relationships for the BEA long-term model
started with an examination of wage
behavior with respect to the unemployment rate, as in "Phillips curve"
analysis. George Perry's findings concerning the effects of changes in labor
force composition2 were incorporated
and tested, and a test was also made of
a form of the price expectations hypothesis used in several recent studies.3
2. George L. Perry, "Inflation and Unemployment," in
Savings and Residential Financing: 1970 Conference Proceedings, sponsored by the United States Savings and Loan
League, Chicago, 111., May 7 and 8, 1970; reprinted by the
Brookings Institution, Reprint No. 188, Dec. 1970; "Changing Labor Markets and Inflation," in Okun and Perry, eds.,
Brookings Papers on Economic Activity, 3:1970, pp. 411-441.
3. See, e.g., R. J. Gordon, "The Recent Acceleration of
Inflation and Its Lessons for The Future," in Okun and
Perry, eds,, Brookings Papers on Economic Activity, 1:1970,
pp. 8-41. Gordon reports tests of the "acceleration
hypothesis" in which an attempt to hold unemployment
below the "natural" rate is hypothesized to lead to an everaccelerating inflation.
15
SURVEY OF CUERENT BUSINESS
16
Wage Relationships
The theory of wage determination
used here as a basis for statistical
estimation explains wage movements
primarily by two forces: demand pull
and the expected rate of price change.
Additional explanatory variables, as
explained below, are also hypothesized
to affect wage determination.
Demand pull is measured by a form
of the unemployment rate and the
expected rate of price change is
measured by the actual observed rate of
change of a price index of consumer
purchases.
A consideration in choosing the variables to be included in the wage
equation was the desire to minimize the
number of additional exogenous variables introduced into the model. The
basic wage equation explains the percent change in employee compensation
per man-hour by -the reciprocal of the
unemployment rate, the percent change
in the deflator for personal consumption
expenditures (PCE), the percent change
in a corporate profit rate, the percent
change in employee and employer
social insurance contributions per manhour, and the percent change in a
variable representing industry mix.
(The precise definitions of these variables are presented below, under the
heading "Definition of variables.") The
only variable exogenous to the model
that is added in this formulation is the
variable that measures change in the
industrial composition of employment.
Social insurance contributions and the
corporate profit rate are endogenously
determined in the original model, and
the deflator for personal consumption
expenditures is the dependent variable
in one of the price equations developed
in this study.
The unemployment rate is used as a
measure of demand for labor. The reciprocal of the rate is specified to allow
for the nonlinearity of the relationship
between wage change and unemployment (a relationship that has generally
been hypothesized to be convex to the
origin when the rate of wage change is
plotted against the unemployment
rate).
The percent change in the PCE
deflator is used as a measure of expec-
tations of future price changes. Use of
only the current value of the variable
(i.e., change from the previous to the
current year) represents the assumption that price expectations are based
only on current, not lagged, price movements.4 The consumer price index
(CPI) is the variable most frequently
used in measures of price expectations
in wage equations. However, its use
here would present a problem in integrating the wage-price sector into the
BEA long-term model. The planned
dependent variable in the main price
equation is the private GNP deflator,
and the PCE deflator is better correlated with it than is the CPI. This
consideration, plus the need for the
PCE deflator elsewhere in the model,
makes it preferable to use the PCE
deflator rather than the CPI in constructing the price expectations variableThe percent change in the profit rate
is used as a measure of change in
employers7 ability to pay wage increases; or alternatively, it can be
viewed as a measure of productivity
change.5
The percent change in social insurance contributions appears as an explanatory variable because such
contributions are included in the compensation measure that is being explained, and have shown marked
variations over time because of changes
in social insurance tax rates.6
Since wage levels as well as rates of
wage change vary among industries,
the ideal approach would be to estimate
separate industry wage equations and
then aggregate. Instead, as a simpler
procedure an industry shift variable
has been included. Since compensation
per man-hour is relatively low in the
service industries and since there has
4. This assumption is consistent with Gordon's finding
based on quarterly data, that price expectations as measured
by a distributed lag of changes in the CPI are not influenced
by lagged price changes running back more than four quarters; Gordon, op. cit., p. 37.
5. J. Vanderkamp, "Wage Adjustment, Productivity and
Price Change Expectations," Review of Economic Studies,
Vol. 39(1) No. 117 (January 1972), p. 62.
6. Alternatively, the dependent variable could have been
calculated net of social insurance contributions, eliminating
any need to include contributions as an explanatory variable.
Preliminary results from this formulation are not encouraging
but further testing is being carried out.
August 1972
been continuing employment shift to
these industries, the percent change in
the ratio of employment in the service
industries to total employment is used
as the measure of changes in industry
mix. Since the model is estimated on an
annual basis, all data for estimation are
on an annual basis. Percent changes are
calculated from the previous year.
Several lag patterns on the explanatory variables were tested, expecially
in the construction of the price expectations variable, but none of the lagged
variables had a significant coefficient
and frequently the signs were wrong.
These results contrast with most published quarterly results, where lags,
especially in the price expectations
variable, have significant coefficients
and the expected sign. It is not unreasonable, however, for explanatory
variable lags of a year or more to have
no effect on the dependent variable in
the annual equations estimated in this
study.
Alternative
demand
specifications
of
labor
Perry's hypothesis, referred to previously, is that an unemployment rate
weighted by composition of the labor
force, and the dispersion of the unemployed, provide a better measure of
labor demand conditions for explaining
wage change than does the conventional
unemployment rate.7 To test this, several regressions were run with these two
variables substituted for the unemployment rate.
A weighted unemployment rate U*
was calculated for each year using
Perry's definition, and the weights (10
calculated by him: 8
7. For a theoretical basis for Perry's dispersion hypothesis
see G. C. Archibald, "The Phillips Curve and The Distribution of Unemployment," American Economic Review, May
1969, pp. 124-134.
8. Perry, "Changing Labor Markets and Inflation," op.
cit., pp. 439-440. In principle, there is a different set of weights
(Ii) for the various age-sex classes in each time period. However, Perry found that the weights vary insignificantly over
time and so used averages, which are also used here. Ii is
defined as Ji Ki, where Ji is the ratio of the average annual
hours worked per employed person in the ith age-sex class to
the average annual hours worked by employed males age
35-44, and Ki is the ratio of average hourly earnings of employed persons in the ith class to the average for males aged
35-44. The age breakdown is into four groups: 16-19, 20-24,
25-64,65 and over. Each age group is broken down into male
and female.
Data on unemployment (Vi) and labor force (Li) used for
the calculation were taken from the Manpower Report of the
President, April 1971, p. 205.
August 1972
where:
Ij is the weight for the ith age-sex
class,
Vt is the number in the ^th age-sex
class who are unemployed,
Li is the number in the ith age-sex
class who are in the labor force,
and the summations are over all
age-sex classes.
A measure of unemployment dispersion DU* was calculated for each year
using Perry's definition and the same
data used in calculating the weighted
unemployment rate: 9
with the summations over all age-sex
classes. This measure is the sum, over
all age-sex classes, of the differences
(without regard to sign) between the
share of a.class in total unemployment
and its share in total labor force; all
. data are weighted by the weights (It)
described above. Perry's results showed
that the pressure on wages would be
greater as the value of the dispersion
measure increased.
9. Perry, ibid. p. 422.
SUBVEY OF CURRENT BUSINESS
17
Plan of work
The plan for determining the wage
equation to incorporate into the BEA
long-term model was first to test equations using single equation estimating
techniques; then, having selected a preferred equation on the basis of those
tests, to estimate the equation for
inclusion into the model, using simultaneous equation techniques. The final
step was to simulate the period 19481968 using the model including the new
compensation equation, as well as the
new price equations developed in this
article, and to compare these simulation
results with those obtained prior to the
equation change. (The simulation results presented at the end of this
article are for simulations including not
only the compensation equation selected
for the model but also the two price
equations developed in this article.)
DU*: Measure of unemployment dispersion; calculation is described in
text.
Definition of variables
C: Private employee compensation per
man-hour.
U: Reciprocal of overall unemployment rate (percent).
U*: Reciprocal of weighted unemployment rate; calculation of weighted
rate is described in text.
PI : Implicit price deflator for personal
consumption expenditures (1958=
100).
P2: Consumer price index (1958=100).
P3: Implicit price deflator for gross
private product (1958—100).
II: Ratio of after-tax corporate profits
to previous year's gross stock of
nonresidential fixed capital in 1958
dollars.
S: Ratio of employer, employee, and
self-employed
contributions
for
OASDHI per man-hour.
I: Ratio of the average number of
employees (both full- and part-time)
in service industries to the average
number of full- and part-time employees in the total private economy.
(Service industries are those defined
as "Services" in Standard Industrial
Classification Manual, 1972.)
Dk: Dummy variable for Korean War
Period; equal to 1 for 1951-53.
Table 1.—Equations for Change in Compensation Per Man-hour
Equation
P,
*,
U*
DU*
U
ft
S
1
Dk
Dg
0. 422
(.313)
—0.243
(. 493)
Constant
eeg
1.
0.824
(6. 84)
10. 496
(1.99)
—0. 0075
(. 192)
0 0362
(2. 24)
0 0331
(2. 15)
—0 355
(1. 91)
2.
.843
(7.67)
12 401
(3.74)
— 0230
(1.14)
0314
(2 64)
0327
(2. 64)
— 369
(3. 35)
3
. 815
(7.23)
14 633
(3. 29)
0318
(2 34)
0328
(2 36)
— 395
(2. 50)
4
.823
(8.23)
14 900
(4. 08)
0311
(2 68)
0346
(2. 92)
—.367
(3. 50)
.0284
(2 07)
.0376
(2. 68)
—.413
(3. 30)
0283
(2 18)
0401
(3 01)
— 407
(3. 45)
( 913)
0303
(2 36)
0330
(2 51) '
— 372
(3 21)
1 338
(1 37)
— 698
.0296
(2 37)
.0330
(2 56)
—.387
(3 49)
1.309
(1 37)
5
.599
(6.48)
6.
.577
(7. 04)
13. 560
(3. 63)
—.0311
(1.33)
16 154
(3. 97)
— 087
( 103)
— 171
(. 366)
670
SEE
R2
DW
1 579
(1. 44)
0 756
0 92
1 93
1 476
(1. 63)
716
.92
1.94
1 051
( 910)
725
92
1.95
.853
(. 888)
.685
.93
1.95
1.800
(1 74)
.814
.90
2.00
990
.772
.91
2.00
— 146
.613
.92
1.80
—.925
—.360
.735
.92
1.81
7
.846
(6. 94)
12 222
(3. 29)
8.
.840
(7. 06)
11. 024
(3 58)
9
.840
(7. 27)
14 950
(3 76)
0303
(2 47)
0343
(2 72)
— 369
(3 35)
839
— 508
— 159
.718
.93
1.79
( 816)
.830
(6. 75)
14. 968
(3 44)
.0289
(2 08)
.0343
(2 18)
—.373
(3 04)
.866
( 754)
—.491
—.160
. 780
.92
1.80
10
— 0150
( 604)
NOTE.—R2 is the coefficient of determination corrected for degrees of freedom. Values in
parentheses are t ratios, DW is the Durbin-Watson statistic, and SEE is the standard error
of estimate corrected for degrees of freedom.
Dependent variable in each equation is 5.
473-463 O - 72 - 3
Equations (l)-(9) were estimated by ordinary least squares; equation (10) is equation (9)
estimated by two-stage least squares.
Equations (l)-(6) were estimated for 1948-1970; (7)-(10) were estimated for 1948-1968. Forecast errors for 1969 and 1970 are labeled eea and e?o respectively.
18
SUEVEY OF CURRENT BUSINESS
D g : Dummy variable for period of
wage-price "guideposts"; equal to 1
for 1962-66.
equations have the expected sign and
are statistically significant.
In each of these equations the coefficient of the price expectations variable
is above 0.8. This value is much higher
than those reported by most other
studies,10 although it does not support
the accelerationist hypothesis since it is
less than one. The high value is entirely
due to the use of the PCE deflator
rather than the CPI; this can be seen by
comparing equations (2) and (4) with
equations (5) and (6), where the only
difference is the substitution of P2 for
ULC: Unit labor cost (ratio of private
employee compensation to private
GNP in 1958 dollars).
Percent change from previous to
current year is denoted by a dot over
the variable.
Estimated equations
Table 1 shows results of fitting various
specifications of the wage equations.
The dependent variable in each case is
the percent change in conpensation
per manhour. Equations (1) through
(6) were estimated for the period
1948-70; those which seemed to give
the best results were then estimated
for the period 1948-68, which is the
period currently used for all other
equations in the BEA long-term model.
The equations estimated for 1948-68,
numbers (7) through (10), were then
used to forecast values for 1969 and
1970. This forecast provided another
criterion on which to select a final
equation specification for two-stage
least squares estimation. The specification finally selected is the one
shown as (4) fitted to 1948-70, and as
(9) fitted to 1948-68.
Equation (1) incorporates Perry's
hypotheses. The fit is very good but the
coefficient of the dispersion variable,
DU*, has the wrong sign and is not
statistically significant. Neither of the
dummy variables, one for the Korean
War period in which there were wageprice controls, the other for the 1962-66
"guidepost" period, has a significant
coefficient.
Equation (2) is the same as (1) but
with the dummy variables omitted. The
fit is good with all coefficients having
the expected sign except that of DU*,
which is again negative and not
significant.
In equations (3) and (4) the variables
U* and DU* are replaced with the conventional unemployment rate. The coefficients of the dummy variables used
in (3) are again not significant but the
coefficients of all other variables in both
PI.Since equations (2) and
(4) provide
equally good explanations of the dependent variable, they were both reestimated for the 1948-1968 period and
appear as equations (7) and (9), respectively. Forecast errors for 1969 and
1970 are shown for these equations.
The errors are calculated for both
years using actual values of the independent variables. The equations overpredicted in both years; i.e., the actual
change in compensation per manhour
was smaller than predicted by the
equations. Equation (8), which includes the weighted unemployment
rate but excludes the dispersion index,
was also estimated for the period 194868, and errors were calculated for
1969 and 1970.
Equation (9) is marginally better
than (7) or (8) in terms of fit and forecast, and it also avoids the introduction of additional exogenous variables, compared to (7) and (8); thus,
(9) was selected for estimation by the
two-stage least squares method. The
result is shown as equation (10).
The two-stage least squares procedure is used to circumvent simultaneous equation bias.11 Two of the
right-hand-side variables in the equation, H and S, are determined simultaneously in the model with the percent change in employee compensation,
the dependent variable. In two-stage
least squares estimation, the actual
10. See e.g., Gordon, op. cit., p. 17> and Perry, "Changing
Labor Markets and Inflation," op. cit., p. 425.
11. For a complete discussion of simultaneous equation bias
in ordinary least squares estimation, and an explanation of
two-stage least squares, see A. S. Goldberger, Econometric
Theory, New York: John Wiley and Sons, 1964, pp 288-294
and pp 329-336.
August 1972
values of H and S are replaced by
values computed for them from ordinary least squares regressions applied
to the reduced form of the complete
BEA long-term model. Comparison of
equations (9) and (10) shows that
coefficients estimated by the two-stage
procedure are very close to those estimated by ordinary least squares.
Since none of the equations presented
here shows the weighted unemployment
rate together with the dispersion measure to be superior to the conventional
unemployment rate in the explanation
of wage change, a further direct comparison was made, consistent with
Perry's reported equations.12 Two equations were estimated, identical except
for the unemployment concept. The
profit rate is omitted from the explanatory variables because it is not included
in Perry's regressions. The interindustry
shift variable is included; however, since
Perry adjusted his dependent variable
to take account of employment shifts
among industries. Using symbols already defined, the regression results for
1948-70 are:
(a) (3= 2. 17 + . 546 P2 + 12. 42 IP
(1.94) (5.63)
(3.08)
-.0287DU* + .0439 S
(1.13)
(2.94)
.459 I
(3.42)
R2— .
— 2. 46,SEE=. 764
(b) C= 1. 40 + . 522 £2 + 14. 87 U+
(1.19) (6. 10) (3.36)
. 0462 S -.4521
(3.23) (3.54)
R 2 -. 89,DW=2. 47,5EE=. 750
By the usual measures equation (a)
would not be considered superior in
any respect to equation (b) . This finding differs substantially from Perry's
finding that U* provides more explanatory power than U. Perry's study used
quarterly data; however, since changes
in labor force composition occur only
gradually over time, this factor, if
relevant, should retain its explanatory
power in an annual compensation equation.
12. Perry, "Changing Labor Markets and Inflation," op.
cit., p. 425.
August 1972
Price Relationships
SURVEY OF CURRENT BUSINESS
19
The coefficients of both explanatory
variables have the expected sign and
are significant. The elasticity of the
private GNP deflator with respect to
unit labor costs, calculated at the variable means, is 0.90. This seems to be in
line with previously reported elasticities,14 but the fact that it is less than
unity implies a slight increase in labor
share over time. Forecast values of the
private GNP deflator for 1969 and 1970
are 123.6 and 129.9, respectively, an
underprediction in both years. The 1969
forecast error is 0.7 index point and the
1970 error is 0.4 point.
The estimated equation tying the
deflator for personal consumption expenditures (Pi) to the private GNP
deflator (P3), expressed in terms of
percentage changes and fitted to annual
data for 1948-68, is :
using the actual value of the independent variable in both years and applying
the predicted percent change to the
actual value of the PCE deflator in 1968
and 1969, respectively. The 1969 forecast implied a PCE deflator of 123.4
in that year, compared to an actual
value of 123.5. The 1970 forecast
implied a PCE deflator of 129.1,
compared to 129.3 actual.
To close the wage-price sector it is
necessary to develop an equation explaining the implicit deflator for personal consumption expenditures. The
price deflators for all major final demand
components as well as the deflator for
private GNP are required by the BEA
long-term model. Two methods of making these prices endogenous are available: (1) the component deflators can
Simulation Results
be estimated and then aggregated to
derive the overall deflator; (2) the overEquation (10), the two-stage estiall deflator can be estimated first and
mation of the preferred compensation
equation, and the equations for the
the component deflators can be based
on it by means of simple regressions.
PCE and private GNP deflators, were
used with the full BEA long-term model
Method (2) will produce one more
to simulate the complete set of endogequation than the number of deflators
enous
variables for the period 1948-68
to be determined, since the overall deand
to
forecast these variables for 1969.
flator is a weighted average of the
Annual absolute errors between esticomponents; this problem of overdemated and actual values of some of the
termination can be solved by replacing (12) '!*!=. 124-K 857 P3
endogenous variables were then calcuthe initial value of the private GNP
(1.49)(22.7)
lated and compared with errors calcudeflator, as calculated from its equation,
lated from a model simulation for the
R 2 -.97, DW-1.80, SEE-. 31;
by the weighted average of the componumbers in parentheses are t ratios. same time period before equation (10)
nent deflators. Because method (2) is
was substituted for the compensation
considerably easier from the point of The variables have been defined pre- equation previously used and before
view of statistical estimation, it was viously. The equation was corrected for the addition of the two deflator equaselected.
serial correlation by the Cochrane- tions. Average annual absolute errors,
calculated as percentages of actual
The relationship hypothesized to ex- Orcutt procedure.15
values, are shown in table 2 for simulaplain the private GNP deflator is that
Forecast values for the PCE deflator tion before and after the inclusion of
it is a mark-up over unit labor cost, with were calculated for 1969 and 1970,
equations (10) through (12).
the mark-up varying as aggregate deThe increased error in simulating
13
mand fluctuates.
14. For example, R. J. Gordon in "Inflation in Recession
nonresidential fixed investment can be
In the equation used, unit labor costs and Recovery" Brookings Papers on Economic Activity^ traced to a poor corporate profits
1:1970, p. 129, reports an elasticity value of unity on standard
have a delayed effect on prices, reflecting unit labor costs.
equation. Simulations of both private
a description of this procedure, see D. Cochrane and
transmission lags, while fluctuations in G.15.H.ForOrcutt,
GNP and personal consumption ex"Application of Least Squares Regressions to
aggregate demand, as measured by the Relationships Containing AutocDrrelated Error Terms," penditures show improved results, the
Journal of the American Statistical Association, vol. 44, March
unemployment rate, are assumed to 1949, pp. 32-61.
latter resulting from a significantly
affect the price level concurrently. Since
the model is estimated with annual data,
Table 2.—-Simulation Errors
a lag of one period means a lag of one
Average annual percent error
year. The equation, fitted to annual
without regard to sign, 1948-1968
data for 1948-68, is:
Variable
(11) P 8 (t) = 16.
(6.2)
172.5 ULC(t-l) -1.256 U(t)
(34.5)
(4.4)
R2-. 98, DW-1. 84, SEE- 1. 33,
numbers in parentheses are t ratios.
Without
equations (10)
through (12)
Gross private product (1958$)
Personal consumption expenditures (1958$)
Disposable personal income (1958$) .
_
_
_ _
...
. .
Private employee compensation
PCE deflator
13. This hypothesis can be shown to be consistent with the
form of the production function specified elsewhere in the
BEA long-term model.
„
Nonresidential fixed investment (1958$)
Private GNP deflator
*Exogenous.
_
__.
.
Equations (10)
through (12)
included
1.7
1.6
3.8
5.8
1.25
1.0
1.4
0.6
1.9
1.7
(*)
1.6
(*)
1.1
20
smaller error in disposable personal
income. All three new equations perform well. However, the 1969 forecast
error for the PCE deflator is larger in
the full model simulation than when
the forecast is made by single equation.
The PCE deflator forecast by the full
model for 1969 is 124.7 compared to
123.5 actual. Using the full model,
the forecast of the private GNP
deflator is 124.8 in 1969, compared to
an actual value for that year of 124.3.
SUEVEY OF CUKKENT BUSINESS
model. Changes in the unemployment
rate and in the price expectations variable were found to have the largest
impact on changes in compensation
per manhour. Although the value of
the coefficient of the price expectations
variable in the compensation equation
is high, there does not seem to be
support for the accelerationist hypothesis. Neither labor force composition
change nor dispersion of the unemployed over age-sex classes provides
additional explanatory power for
Summary
change in compensation, contrary to
A three-equation model of the wage- recent empirical work. The coefficients
price sector has been developed and of lagged unit labor cost and the
integrated into the BEA long-term current unemployment rate in the
August 1972
equation for the gross private product
deflator were significant, and this
formulation of the markup hypothesis
produced a good fit over the sample
period.
The wage and price equations were
integrated into the BEA long-term
model and the model was simulated
for the sample period, to make error
comparisons of that simulation with a
simulation made without the new
equations. The results are encouraging,
but work on evaluating forecast errors
beyond the sample period must be
carried out to evaluate fully the
contribution to the model of the new
relationships.
By ROBERT B. BRETZFELDER
State and Regional Personal Income, 1071
A OTAL personal income in the United
States rose nearly 7 percent from 1970
to 1971, with gains of 5% percent or
more in each of the eight regions and
4% percent or more in each of the States.
Nationally, consumer prices (as measured by the implicit price deflator for
personal consumption expenditures)
rose 3% percent. The personal income
gain in every region and State and the
District of Columbia exceeded the increase in consumer prices, at least
moderately, so that real purchasing
power of consumers increased in all
areas.
On a per capita basis, the national
increase in total personal income was
5^4 percent in 1971. The gain in per
capita income in every region and
in all but three of the States exceeded
the rise in consumer prices. The exceptions were Iowa, Connecticut, and
Washington, where the gains were
between 3% and 3% percent. The
largest per capita increases, ranging
from 8 to 15M percent, were in West
Virginia, Arizona, Colorado, South
Dakota, and North Dakota.
turing and secondarily to those in farming. Developments in construction also
influenced the geographic pattern of
income change, but to a lesser degree.
The ,key role played by manufacturing payrolls and farm income in explaining regional and State income growth
differentials in 1971 is highlighted in
Table A. Changes in total income, nonmanufacturing income, nonf arm income,
and nonmanuf acturing-nonf arm income
are shown. Data in the right-hand section of Table A show percentage
changes in each aggregate as an index
of the relevant U.S. percent change.
Comparison of these aggregates reveals the combined effect of the percent
change in a component and its importance in an area's income structure. It
will be noted that the deviations of
regional and State changes from the
national pace are smaller when manufacturing and farming are omitted than
they are in the case of total personal
income. In many regions and States,
wheji one of these income components
is omitted, the area-Nation differential
is cut by 40 percent or more. Thus, it
can be seen that these industries directly
Industrial causes for
differential
played
key roles in explaining area
rates of area income change
growth differentials last year. In still
Most differentials between area (re- other areas, the differentials are reduced
gional and State) and national change by 20 to 40 percent.
in total personal income were traceable
Area variations in rates of change
primarily to developments in manufacwere as large for construction payrolls
NOTE.—The State income estimates were as for manufacturing payrolls, but the
prepared in the Economic Measurement latter comprise nearly 19 percent of
Branch, Regional Economics Division by
Wallace Bailey, Jr., Kenneth Berkman, total personal income whereas construcMichael Carroll, Vivian Conklin, Francis
Dallavalle, Virginia Davis, Linnea Hazen, tion payrolls comprise only 4 percent
Kenneth Horowitz, Gordon Lester, Jr., of total income. As a result, differential
Allan Millican, Elizabeth Queen, William
Reid, Jr., Victor Sahadachny, Maurice Schlak, changes in manufacturing have a much
and Mary Schneider under the direction of
Edwin J. Coleman. Special programming larger effect on area-Nation income
for this article was prepared by Francis differentials than do differential changes
Dallavalle, David Cartwright, and Yvonne
in construction.
Collins.
Regional changes in manufacturing
payrolls ranged from a gain of 7 percent
in the Rocky Mountain region to a decline of 3 percent in New England.
There were large gains in manufacturing payrolls in the Rocky Mountain and
Southeast, regions in which the total
income advance was substantially
better than average, and small losses in
manufacturing payrolls in each of the
three regions where income rose least
(Mideast, Far West, and New England). Thus, the regional variation in
income change excluding manufacturing
(columns 2 and 6 in the table) was much
smaller than the variation in total
income change (columns 1 and 5).
Construction payrolls also were up
substantially in each of the fastgrowing regions and up only moderately
in two of the three slowly expanding
regions.
Close association between differential
area changes in farm income and in
total income is more apparent on a
State than-on a regional basis. There
were, as usual, large regional variations
around the national average gain in
farm income, but in three of the four
regions were agriculture is especially
important—Plains, Rocky Mountain,
and Southeast—the advance in farm
income was fairly close to average. This
comparative regional uniformity in
rates of change represents an averaging
of much larger variations among the
States of the regions. In the fourth
region where agriculture is important—
the Southwest—there was a large drop
in farm income, but other income components in the region advanced so
vigorously that the gain in total
personal income in the region approximated the national average.
21
CHART 7
to
to
Per Capita Personal Income, 1971
p^--**iippif
w
$3,142
OUT
W
$3,087 j
/$2,788\
Over
$4,275
CO
$3,975-$4,274
$3,675-$3,974
$3,350-$3,674
|
| UNDER
$3,349
$4 697
-
$4,522 $4,454
$3,958 ^^
$3809
to coo
f
$0,000
U.S. Department of Commerce, Bureau of Economic Analysis
United
States
Mideast
Far
West
New
England
Great
Lakes
Plains
Rocky
SouthMountain West
SouthEast
72-8-7
SUEVEY OF CUERENT BUSINESS
August 1972
Regional detail
Above-national-average advances in
manufacturing payrolls, both durable
and nondurable, directly accounted for
roughly half of the area-U.S. differential
gains in personal income in the Rocky
Mountain and Southeast regions. This
strength in the manufacturing industries led to advances above the national average in income from wholesale and retail trade, construction, the
transportation, communications and
public utilities group, the finance,
insurance, and real estate group, and
services.
The personal income increase last
year was just below the U.S. average in
the Southwest, Great Lakes, and
Plains. In these regions, gains in most
major income components were close
to the corresponding national average
advance. In the Great Lakes the near
average gain in manufacturing payrolls
primarily reflected a combination of
23
good gains in the auto industry stemming from recovery from the strike of
late 1970 and the strong cyclical recovery in the industry, and a small gain
in nondurable manufacturing. In the
Southwest large gains in income from
construction and nondurable goods
manufacturing offset a large decline in
that region's agricultural sector and a
smaller decline in durable goods manufacturing payrolls.
(Continued on page 32)
Table B.—Percent Change in Total Personal Income and Income Excluding Selected Components, 1970-71
Percent change 1970-711
Total
personal
income
United States
..__..
Index. U.S. percent change in component=100
Total personal Total personal Total personal
income excl.
income excl.
income excl.
farm
manufacturing
manufacturing
and farm
6.9
Total
personal
income
Total personal Total personal Total personal
income excl.
income excl.
income excl.
farm
manufacturing
manufacturing
and farm
7.0,
8.5
100
100
100
100
138
128
118
114
144
127
124
114
Regions
Rocky Mountain
Southeast
9.5
8.8
9.8
9.5
10.1
8.9
10.5
9.7
6.8
6.8
6.7
7.7
8.5
7.7
7.6
6.6
7.0
8.7
8.3
8.2
93
102
93
109
94
100
102
6.4
6.0
5.8
8.1
7.5
8.4
6.5
5.9
5.9
8.2
7.5
8.5
90
101
93
84
84
96
88
100
______
17.1
12.3
11.0
10.1
10.1
9.6
9.4
9.3
9.1
9.0
9.0
9.0
8.9
8.8
8.7
17.4
13.6
11.3
10.8
10.3
9.7
10.1
10.6
9.3
9.1
10.3
9.7
9.0
9.8
9.9
9.2
12.3
11.2
9.9
8.5
9.7
9.7
9.4
9.0
9.1
9.3
9.2
10.1
8.8
8.7
9.3
13.7
11.6
10.7
8.7
9.7
10.4
10.8
9.2
9.2
10.7
9.8
10.5
9.9
10.1
248
178
159
146
146
139
136
135
132
130
130
130
129
128
126
210
164
136
130
124
117
122
128
112
110
124
117
108
118
119
131
176
160
141
121
139
139
134
129
130
133
131
144
126
124
109
161
136
126
102
114
122
127
108
108
126
115
124
116
119
Wyoming. __
Alabama. _.
_
Oregon
Kentucky
_
New Mexico.-_--.- _
Virginia
_____
Michigan..
Louisiana...
___
North Carolina..
Nebraska
_
_._
Kansas
.
Maryland __
.
Idaho
_._
Montana.
District of Columbia
Indiana
Vermont
New Hampshire
_ _
Illinois..
_...._________.__:_
Missouri
_____
New Jersey
Oklahoma
_ _ _ _
Hawaii.
.___
Wisconsin..
New York...
__._
Rhode Island
Massachusetts
_._
8.5
8.5
8.4
8.4
8.3
8.3
8.3
7.9
7.8
7.6
7.4
7.4
7.3
7.3
7.3
7.1
7.1
7.1
6.9
6.7
6.7
6.6
6.4
6.3
6.2
6.2
6.2
8.7
9.5
8.6
9.0
8.3
8.7
9.3
8.2
8.2
8.1
8.3
8.7
7.2
7.4
7.4
8.7
9.1
9.3
8.7
8.0
8.8
7.2
6.4
8.0
7.7
8.2
8.4
8.4
8.5
8.7
8.5
9.2
8.5
8.5
7.8
8.5
6.9
6.9
7.6
9.1
8.5
7.3
6.3
7.1
7.2
6.4
6.7
6.8
7.4
6.4
6.5
6.3
6.2
6.2
8.6
9.6
9.0
9.1
9.2
8.9
9.5
8.0
9.1
7.4
7.8
9.0
9.1
8.7
7.4
7.5
9.3
9.4
8.2
8.2
8.9
8.1
6.5
8.3
7.8
8.2
8.4
123
123
122
122
120
120
120
114
113
110
107
107
106
106
106
103
103
103
100
97
97
96
93
91
90
90
90
105
114
104
108
100
105
112
99
99
98
100
105
87
89
89
105
110
112
105
96
106
87
77
96
93
99
101
120
121
124
121
131
121
121
111
121
99
99
109
130
121
104
90
101
103
91
96
97
106
91
93
90
101
113
106
107
108
105
112
94
107
87
92
106
107
102
87
88
109
111
96
96
105
95
76
98
92
96
California.
Texas
_._
Pennsylvania-__
Maine
_
Minnesota
Ohio
Connecticut
Washington
Iowa
5.9
5.9
5.9
5.9
5.6
5.5
4.7
4.6
4.5
7.4
6.8
8.1
8.1
7.2
7.5
8.4
7.0
4.7
5.8
6.8
6.2
6.2
6.8
5.5
4.7
4.5
7.3
7.3
7.9
8.5
8.5
8.8
7.6
8.5
7.0
8.2
83
97
89
89
97
79
67
64
104
93
100
100
104
89
100
82
__._
Southwest..
Great Lakes
Plains
_
Mideast
Far West
New England
_
__
__.
_
States
North Dakota...
Arizona......
Colorado..
Florida
_
South Dakota
Nevada
_
Utah..
West Virginia
Alaska
Mississippi.
Tennessee
Delaware
_
Arkansas.
Georgia
_•_
South Carolina
.
_________
_______
._
_____
_________
_
_
__
i Computed on basis of unrounded data.
82
87
90
101
84
57
SUKVEY OF CUEEENT BUSINESS
24
August 1972
Table 1.—Personal Income, by States and Regions, Selected Years 1
[Millions of dollars]
Line
1948
State and region
3
4
5
6
7
8
9
10
11
12
13
14
15
New England... -_
1952
1953
1954
1955
1957
1958'
1959 •'
I960'
1961 '
1962'
1963"
1964 *
1965 '
1966 '
1967'
- 13,796
14,911
16,524
17,453
18,498
18,729
20,038
22,477
23,027
24,357
25,478
26,525
28,081
29,386
31,289
33,636
36,537
1,084
668
407
7,012
1,175
3,450
1,087
704
425
7,654
1,262
3,779
1,188
792
482
8,344
1,384
4,335
1,291
833
496
8,675
1,446
4,710
1,298
884
521
9,179
1,531
5,087
1,314
915
526
9,293
1,523
5,160
1,449
983
549
9,891
1,614
5,552
1,583
1,102
619
11,074
1,701
6,398
1,637
1,132
626
11, 438
1,748
6,446
1,696
1,237
672
12, 123
1,844
6,785
1,788
1,300
715
12,657
1,895
7,122
1,808
1,356
731
13, 220
1,964
7,447
1,876
1,442
777
13,878
2,110
7,999
1,923
1, 510
798
14, 514
2,193
8,449
2,090
1,601
856
15, 392
2, 346
9,004
2,262
1,728
956
16, 421
2,504
9,765
2,431 2,544
1,905 2,079
1,089 1,178
17, 715 19, 286
2,740 2,988
10, 657 11,703
54,343
59,211
64,882
68,428 72,684
95,250
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island - - - Connecticut Mideast
1951
208,876 226,214 253,232 269,769 285,456 287,607 308,266 348,460 358,474 380,964 398,726 414,411 440,189 463,054 494,912 535,948 583,828 625,576
1 United States
2
1950
-
- -
26, 051
New York
8,063
New Jersey
14, 716
Pennsylvania
537
Delaware
- - -3,331
Maryland
District of Columbia- 1,644
73,590
78,207
88,282
89,967
27, 841 30,009 31,396 33,206 34,275
8,934 10, 151 10, 934 11, 750 11, 957
16, 189 17, 752 18, 617 19, 938 19, 515
835
684
782
857
731
3,772 4, 31,8 4,721 5,041 5,069
1,790 1,921 1,978 1,914 1,917
36,453
12, 688
20, 669
980
5,467
1,949
40,818
14,550
23,414
1,125
6,314
2,061
41, 715 44,301
14, 823 15,849
23, 594 24, 719
1,135 1,202
6,952
6,567
2,132 2,228
46, 178
16, 526
25,451
1,244
7,285
2,313
47, 821 50, 535
17, 333 18, 430
25, 747 28, 918
1, 275 1,350
7,800 8,342
2,380 2,540
39,778
98,997 102,356 108,115 112,896 120,575 128,889 138,933 149,149
52, 559
19, 372
27, 876
1,453
8,959
2,675
55, 987
20, 515
29, 938
1,581
9,749
2,827
59, 487
22, 105
31, 943
1,704
10, 681
2,969
63, 717
23, 882
54, 783
1,790
11,668
3, 112
68, 657
25,638
37,062
1,882
12, 590
3,320
16
Great Lakes
47,805
50,849
57,556
61,019
70,776
78,618
78,541
83,566
86,660
88,164
93,333
97,936 105,161 115,725 126,393 133,178
17
18
19
20
21
Michigan
Ohio.
Indiana
Illinois
Wisconsin
9,691
12, 269
5,624
15, 521
4,701
10,895
12,930
5, 998
15,948
5,078
12, 176
14, 894
6, 938
17, 711
5,837
13, 050 14, 741 14,354 15,900
15, 942 17,423 17,397 18, 762
7,326 8,073 7,653 8,265
18, 608 19,812 19, 933 21, 167
6, 682
6,093 6,265 6,212
16, 870
20, 959
9,187
24, 056
7,547
16, 603 17,588
20, 637 22, 035
9,192 9,817
24,353 25, 751
7,755 8,376
18,318
22, 762
10, 271
26,689
8,619
18, 243
23,008
10,542
27, 486
8,885
19, 568
24, 208
11, 214
28, 948
9,396
21, 039
25, 189
11, 869
30, 174
9,665
23, 005
28, 878
12, 640
32, 188
10,449
25, 860
29, 383
14, 057
35,070
11, 345
28, 208
32,201
15, 278
38, 286
12, 442
29, 667
33, 788
16,002
40, 627
13, 094
19,647
20,134
21,912
23,016
23,434 24,233
24,762
27,858
29,526
30,212
31,848
32,909
34,989
36,364
37,946
41,970
45,646
48,132
4,106
. 4,042
5,338
813
916
- -1,909
. _. 2,523
4,227
3,897
5,672
782
814
1,978
2,765
4,660
4,127
6,245
794
942
2,067
3,077
4,823
4,338
6,576
740
828
2,187
3,524
5,079
4,200
6,948
757
892
2,125
3,434
5,202
4,525
6,974
766
916
2,253
3,597
5,483
4,307
7,450
848
857
2,191
3,626
6,135
5,077
8,053
905
1,068
2,615
4,006
6,585
5,200
8,461
1,030
1,094
2,713
4,443
6,787
5,317
8,936
949
981
2,757
4,484
7,227
5,473
9,142
1,087
1,218
2,988
4,714
7,570
5,742
9,415
964
1,227
3,046
4,945
7,858
6,001
9,896
1,370
1,407
3,274
5,183
8,303
6,347
10,407
1,292
1,350
3,340
5,327
8,604
6,643
11,028
1, 288
1,320
3,481
5,581
9, 523 10, 366
7,559 8,315
11, 975 12, 874
1,505 1, 588
1,528 1,681
3,851 4, 242
6,030
6,599
11, 150
8,509
13,832
1,598
1,731
4,413
6,902
31,769
34,589
39,289
42,042
43,957
43,779
47,558
54,082
56,419
60,420
62,671
66,004
70,539
75,285
81,400
88,801 98,051 106,425
3,624
2,126
2,788
3,037
3, 732
1,779
3,154
3,043
2,571
1,639
2,679
1,597
4,070
2,136
2,881
3,295
4,219
1,886
3,574
3,599
2,691
1,643
3,021
1,575
4,763 5,150
2,365
2,462
3,361 3,587
3,645 . 3,810
4,691 4,851
2,321 2,527
4,122 4,447
4,048 4,554
3,077
3,287
1,796 1,907
3,336
3,636
1,763 1,823
5,292
2,473
3,752
4,080
5,040
2,615
4,581
5,050
3,432
1,943
3,858
1,842
5,338
2,347
3,692
4,105
5,120
2,434
4,536
5,328
3,314
1,875
3,881
1,810
5,638
2,492
3,866
4,374
5,571
2,599
5,000
6,070
3,761
2,102
4,114
1,970
6, 349
2,967
4,291
4,872
5,980
2,810
5,531
7,730
4,261
2,172
5,028
2,091
6,591
2,887
4,441
5,025
6,263
2,885
5,767
8,453
4,442
2,349
5,105
2,210
6,995
2,968
4,667
5,394
6,712
3,119
6,211
9, 303
4, 699
2,569
5,361
2,421
7, 340
2,987
4,807
5, 521
7,123
3,283
6,477
9, 739
4, 887
2,630
5,417
2,461
7,777 8,443
3,031 3,124
5, 139 , 5,444
5,881 6,255
7,596 8,154
3,450 3,733
6,746 7,280
10, 248 11, 050
5,025 5,274
2,976
2,819
5,589 5,908
2,704 2,899
8,983 9,905
3,492
3,266
5,751 5,996
7,138
6,640
9,292
8,606
4,253
3,928
8,635
7,895
11, 859 12, 976
5,666
6,108
3,289
3,420
6,799
6,298
3,104 3,387
10, 718
3,728
6,553
7,850
10,092
4,702
9,531
14, 182
6,713
3,743
7,412
3,577
11, 684
3,994
7,202
8,663
11, 341
5,303
10,568
15,683
7,245
4, 122
8,247
3, 999
12,741
4,251
7,772
9,280
12,288
5,728
11, 541
17,451
7,659
4,425
9,052
4,236
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
Plains.
Minnesota
Iowa..
Missouri
North Dakota
South Dakota
Nebraska
Kansas
- -
Southeast
Virginia
West Virginia
Kentucky
Tennessee
North Carolina
South Carolina
Georgia
Florida
Alabama.
Mississippi
Louisiana
Arkansas
- --
66,314
65,547
13,065
14,850
16*917
18,327
18,923
19,288
20,663
23,751
25,013
26,399
27,426
28,953 30,419
31,927
33,991
36,666
40,321
43,672
44
45
46
47
Oklahoma
Texas
New Mexico
Arizona
2,390
9,142
655
879
2,547
10, 486
811
1,006
2,837
11,914
936
1,230
3,087
12, 837
1,004
1,399
3,201 3,193
13, 196 13, 504
1,077
1,048
1,478 1,514
3,390
14,438
1,181
1,655
3,744
16, 538
1,442
2,028
4,000
17, 175
1,618
2,220
4,137
18,047
1,759
2,455
4,358
18,-588
1,799
2,681
4,561 4,698
19, 615 20, 576
1,969
1,871
2,905 3,177
4,889
21, 646
2,031
3,362
5,231
23,116
2,115
3,529
5,688 6,154
24, 956 27, 676
2,269 2,380
3,773 4,110
6,675
30,019
2,463
4, 516
48
Rdcky Mountain
4,651
5,092
5,821
6,168
6,238
6,244
6,775
7,893
8,280
8,718
9,163
9,662
10,416
10,709
11,081
876
725
429
1,810
810
962
764
484
1,970
911
1,049
850
556
2,313
1,053
1,075
932
547
2,498
1,116
1,096
899
549
2,528
1,166
1,079
902
533
2,566
1,165
1,178
951
570
2,804
1,272
1,297
1,104
645
3,365
1,482
1,370
1,161
677
3,524
1,549
1,344
1,227
717
3,752
1,678
1,383
1,238
750
4,018
1,774
1,371
1,310
776
4,294
1,910
1,581
1,410
795
4,559
2,071
1,587
1,409
813
4,745
2,156
23,802
26,578
30,332
33,317 35,406 36,197
39,486
45,499
47,702
52,043
54,360
57,610
61,957
66,076
3,608
2,278
283
17, 633
3,995
2,482
327
19, 774
4,414
2,784
378
22,756
4,697
2,966
440
25,214
4,934
2,990
480
27, 002
5,035
2,961
519
27, 682
5,306
3,198
604
30,378
5,912 6,114 6,514 6,680 7,051 7, 599
3,416 3,556 3,804 3,939 4,046 4,287
911 1,122
829
770 ,
711
673
35, 497 37,321 40,955 42,913 45, 601 48, 948
7,736
4,553
1, 265
52, 522
723
88&
692
448'
793
494
865
511
896
495
908
505
972
664
1,676
702
1,772
43
49
50
51
52
53
54
Southwest
Montana.
Idaho
Wyoming
Colorado
Utah
. _.
Far West
55
56
57
58
Washington...
Oregon.
Nevada
California
59
60
Alaska
Hawaii
5S7
1,114
528
1,178
562
1,S15
647
1,476
633
1,595
11,894
12,664
13,431
1,592
1,722
1,459
1,668
825
854
4, 984" 5,295
2,220 \2,356
1,875
1,681
893
5,697
2,517
1,915
1,790
932
6,122
2,672
70,774
75,498
82,148
88,375
8,058
4,892
1,353
56,471
8,627
5,333
1,434
60, 104
9,876
5,760
1,510
65,002
10,890
6, 096
1,581
69,807
788
1,907
855
2,014
916
2,220
1,022
2,414
28,081 29,386 31, 289 33,636
95,883 99,808 106,438 113, 535
93,333 97, 936 105, 161 115, 725
34,989 36,364 37,946 41,970
54,015 57,625 62, 690 68,307
19, 949 21,346 22,662 24,859
34,080 35, 937 38, 532 41,613
16,684 17,366 18,078 19,370
63,175 67, 286 72, 116 76,932
36,537
122,362
126,393
45,646
75,144
27,232
46,076
20,664
83,774
39, 778
131,356
133, 178
48,132
81, 793
29,137
49,982
21,991
90,229
Personal Income, by Census Regions
Addenda:
61
62
63
64
65
66
67
68
69
New England. .
Middle AtlanticEast North Central
West North Central
South Atlantic
East South Central
West South Central- ....
MountainPacific
13,796
48,830
47,805
19,647
22, 970
10,036
15,807
6,467
23,519
14, 911 16, 524
52, 964 57, 912
50, 849 57,556
20, 134 21, 912
25,730 29,281
10, 510 11,880
17,629 19, 849
7,235 8,365
26, 251 29,954
17,453
60, 947
61,019
23, 016
31,472
12, 592
21,382
9,011
32,877
18, 498
64, 894
66,314
23,434
32,841
13, 207
22,097
9,244
34,926
18, 729
65,747.
65,547
24,233
32,944
12, 986
22,388
9,355
35,678
20, 038
69,811
70,776
24, 762
35,767
14, 104
23,911
10, 215
38,882
»• Revised. State estimates of personal income from 1958-to-date reflect a revision in the
method used to estimate the several components of other labor income.
22,477
78,782
78, 618
27, 858
40, 867
15, 596
27,401
12,036
44,826
23,027 24,357
80, 132 84,868
78, 541 83,566
29, 526 30, 212
42, 681 45, 691
16, 257 17,330
28,490 29,965
12, 829 13, 703
46, 991 51,273
25,478 26, 525
88, 155 90,901
86, 660 88, 164
31,848 32, 909
47, 792 50,302
17,844 18,863
30,824 32,470
14,472 15,349
55,654 58,926
1. Due to lack of space, data for 1929,1940,1949, and 1956 are omitted. These data are available in the April 1969 SURVEY OF CURRENT BUSINESS, pages 22 and 26.
SURVEY OF CURRENT BUSINESS
August 1972
25
Table 2.—Per Capita Personal Income, by States and Regions, Selected Years
[Dollars]
[Millions of dollars]
1969 T
f
1971 ••
1948
684,745 746,449 801,493 857,085
1968 '
1970
1
1950
1951
1952
1953
1954
1955
1957
1958 r 1959 ' 1960 ' 1961 r 1962 >• 1963 ' 1964 *• 1965 r 1966 f 1987 ' 1968 ' 1969 ' 1970 ' 1971 ' Line
1,430
1,496 1,652 1,733 1,804
1,785 1,876 2,045 2,068 2,161 2,216 2,265 2,370 2,458 2,590 2,770 2,987 3,170 3,436 3,708 3,933 4,156
1
43,345
47,085
50,568
53,507
1,494
1,601
1,779 1,865 1,921
1,905 2,030 2,241 2,253 2,334 2,419 2,487 2,600 2,675 2,797 2,969 3,197 3,440 3,725 4,012 4,259 | 4,454
2
2,762
2,286
1,305
21, 049
3,270
12, 674
2,986
2,475
1,426
22, 926
3,453
13,819
3,226
2,686
1,541
24, 750
3,726
14, 638
3,416
2, 877 ,
1,650
26, 285
3,957
15,322
1,235
1,284
1,133
1,500
1,493
1,713
1,186
1,323
1,121
1,633
1,605
1,875
1,297
1,497
1,275
1,793
1,765
2,137
1,417
1,651
1, 395
1,893
1,866
2,294
1,411
1, 557
1,324
1,866
1,804
2,263
1,421
1, 616
1,374
1,910
1,878
2,346
1,552
1,765
1,463
2,026
1,962
2,414
1,679
1,927
1,647
2,247
1,998
2,712
1,734
1,948
1,648
2,283
2,038
2,635
1,772
2,076
1,736
2,369
2,152
2,689
1, 834
2,135
1,839
2,453
2, 216
2,800
1,817
2,193
1,875
2,533
2,289
2,880
1,887
2,282
1,976
2,637
2,422
3,022
1,937
2,326
2,010
2,716
2,504
3,098
2,105
2, 414
2,, 146
2,825
2,650
3,218
2,269
2,556
2,365
2,985
2,804
3,418
2,433
2,797
2,638
3,200
3,048
3,671
2,534
2,982
2,785
3,448
3,287
3,987
2,779
3,224
3,035
3,747
3, 546
4,276
3,010
3,418
3,282
4,058
3,705
4,608
3, 242
3,620
3,448
4,343
3,918
4,817
3,375
3,796
3,638
4,562
4,126
4,995
3
4
5
6
7
8
162,595 176,094 189,288 201,384
1,648
1,756
1,912
1,985 2,068 2,054 2,153 2,378 2,385 2,493 2,565 2,616 2,733 2,817 2,973 3,142 3,359 3,584 3,878 4,182 4,453 4,697
91, 742
35, 146
49, 349
2,610
18, 119
4,418
1,797
1, 689
1,431
1,720
1, 467
1,958
1,873
1,834
1,541
2,132
1,602
2,221
2,015
2,028
1,697
2,209
1,769
2,378
2,067
2,134
1,773
2,293
1,888
2,457
5,000
4,811
4,147
1,673
4,522
5,870
10
11
12
13
14
15
145,202 157,848 165,425 176,699
1,602
1,666 1,864 1,937 2,062 1,983 2,095 2,248 2,208 2,326 2,388 2,408 2,527 2,622 2,777 3,013 3,245 3,385 3,663 3,958 4,098 4,348
16
2,311
2,335
2,229
2,713
2,216
75,041
27, 987
39, 938
2,070
14, 020
3,540
80, 923
30,423
43, 301
2,271
15,437
3, 740
86,391
32, 930
46, 579
2,394
16,877
4,116
2,139
2,247
1,870
2,379
1,964
2,363
2,167
2,231
1,804
2,328
1,888
2,423
2, 283
2,306
1,889
2,519
1,994
2,483
2,493
2,536
2,137
2, 641
2,198
2,701
2,513
2,517
2, 134
2,621
2,202
2,817
2, 655
2,635
2,200
2,725
2,268
2,927
2,742
2,708
2,247
2,772
2,340
3,023
2,803
2,767
2,260
2,765
2,456
3,059
2,921
2,890
2,371
2,879
2,556
3,223
3,010
2,966
2,440
3,009
2, 646
3,353
3,183
3,089
2,599
3,141
2,792
3,542
3,354
3,267
2,749
3,362
2,987
3,725
3,571
3,483
2,982
3,469
3,158
3,934
3,828
3,701
3, 173
3,585
3,351
4,198
4,157
3,995
3,402
3,876
3,675
4,551
4,470
4,288
3,688
4, 205
3,991
4,908
4,731
4,577
3, 942
4,353
4,287
5,466
9
32,831
37, 098
17,413
43, 653
14, 208
35, 782
40,424
19, 110
47, 233
15, 299
36, 785
42, 601
19, 721
49, 961
16,457
39, 850
44,833
21, 120
53, 400
17, 496
1,560
1,558
1,451
1,815
1,418
1,701
1,620
1,512
1,825
1,477
1,874
1,848
1,694
2,015
1,697
4,430
4,175
4,027
4,775
3,912
17
18
19
20
21
52,135
56,853
61,234
65,320
1,444
1,428
1,547 1,624 1,642 1,677 1,681 1,860 1,969 1,988 2,065 2,114 2,235 2,314 2,404 2,653 2,873 3,019 3,249 3,509 3,741 3,958
22
12, 205
9,132
15,074
1,666
1,886
4,653
7,528
13, 609
9,907
16, 140
1,867
1,995
5,297
8,138
14,732
10, 613
17,427
1,897
2, 107
5,649
8,808
14, 123
4,487
8j518
10, 214
13, 666
6,353
12, 784
19, 791
8,369
4,848
9,887
4,697
15, 461
4,780
9,214
11, 231
16, 036
6,985
14, 347
22, 542
9,163
5,262
10,364
5,004
16, 986
5,297
9,990
12,091
16,383
7,614
15, 434
25,077
9,925
5,755
11, 128
5,517
18, 400
5,789
10,830
13, 183
17, 661
8,274
16, 786
27, 611
10,765
6,273
12, 010
6,005
48,251
53,178
58,453
62,456
7,224
33,309
2,656
5,062
7,827
36, 678
2,908
5,765
8,570
40, 213
3,183
6,487
9,140
42, 582
3,448
7,287
14,658
16,198
17,934
19,643
2,029
1,885
997
6,855
2,892
2,200
2,148
1,112
7,623
3,116
2,400
2,340
1,227
8,523
3,443
2,575
2,511
1, 331
9,457
3,768
97,210 105,508 112,524 119,269
15, 564
11, 088
18,587
2,222
2,321
6,077
9,460
/
117,538 129,390 141,196 153,j$6
1,962
1,926
1,766
2,078
1,757
2,161
2,028
1,930
2,186
1,787
1,431 1,410 1,548 1,592 1,665
1,590 V485 1,577 1,652 1,598
1,389 /1, 431 1,556 1, 656 1,728
1,401 1, 263 1,314 1,217 1,244
1,497 1,242 1,438 1, 272 1,376
ki09 1,490 1,571 1,668 1,612
/1, 333 1,443 1,578 1,783 1,722
984
2,031
1,961
1, 795
2,154
1,722
1,671
1,723
1,715
1,254
1,398
1,681
1,762
2,183
2,081
1, 894
2, 243
1,816
1,729
1,608
1,802
1,378
1,293
1,594
1,732
2,229
2,227
2, 028
2,488
1,991
1,874
1,869
1,922
1,479
1,603
1,876
1,882
2,165
2,150
2,006
2,463
2,018
1,988
1,920
2,021
1,699
1,668
1,962
2,074
2,264
2,278
2,128
2,579
2,153
2,016
1,948
2,099
1,536
1,471
1,974
2,076
2,351
2,310
2,370
2,008
1,908
2,263
2,403
2,418
2,419
2,483
1,985
1,883
2,349
2,527
3, 094
2,880
2,858
3,280
2,681
2,651
2,757
2,681
2,319
2,208
2,618
2,733
3,314
3,117
3,056
3,531
2,911
2,866
3,011
2,848
2,424
2,461
2,914
3,000
3,438
3, 245
3,167
3,711
3, 043
3,047
3,047
3,047
2, 549
2,580
3,029
3,141
3,775
3,528
3,419
3,970
3,270
3,296
3,258
3,300
2,667
2,819
3,172
3,397
4,075
3,827
3,716
4,279
3,495
3,595
3,532
3,478
3,008
2,987
3,594
3,639
4,133
3, 977
3,787
4,488
3,712
3,855
3,750
3,713
3,039
3,164
3,792
3,918
4,032
3,877
3,940
3,538
3,441
4,030
4,192
23
24
25
26
27
28
29
1,669 1,756 1,848 1,969 2,122 2,320 2,498 2,731 2,978 3,214 3,442
30
3,899
3,275
3,308
3,300
3,424
3,142
3,599
3,930
3,087
2,788
3,252
3,078
31
32
33
34
35
38
37
38
39
40
41
42
1,839
1,903 1,927 1,987 2,037 2,113 2,225 2,379 2,590 2,776 3,016 3,257 3,514 3,688
43
1,764
1,856
1,826
1,861
1,807
1,919
1,914
1,947
1, 501
1,232
1,272
1,222
1,239
1,119
1,259
1,520
1,099
1,652
1,610
1,465
1,419
1,369
1,236
1,469
1,768
1,371
1,040
1,614
1,207
1,684
1,565
1,500
1,448
1,431
1,252
1,516
1,826
1,405
1,126
1,618
1,280
1,770
1,600
1,556
1,532
1,506
1,329
1,606
1,935
1,467
1,202
1,671
1,378
1,187
1,297
1,431
1,513
1,555
1,570
1,629 1,783
1,144
1,199
1,084
1,274
1,143
1,349
1,177
1,330
1,284
1,469
1,306
1,566
1,391
1,544
1,367
1,662
1,467
1,583
1,386
1,654
1,445
1,611
1,412
1,623
1,507
1, 667
1, 504
1,677
1,419
1,457
1, 616
1,315
1,595
1,433
1,241
1, 622
1,295
1,668
1,487
1,309
1,571
1,326
1,328
1,281
1,313
1,181
1,375
1,620
1,233
755
830 886
923 908 1,020
1,120 1,205 1,279 1,346 1,346 1,396
825
927
992 1,035 1,044 1,142
2,237
2,182
2,271
2,151
1, 996
2,236
2,323
2,810
2,666
2,603
3,042
2,509
1,899
1,658
1,683
1,624
1,629
1,432
1,680
1,955
1,515
1,278
1,700
1,497
1,488
1,282
1,293
1,229
1,223
1,199
1,288
1,526
1,124
1,141
2,182
2,083
2,165
1,504
1,770
2,107
2,232
2,611
2,522
2,473
2,901
2,350
1,612
1,267 1,257 1,343 1,467 1,507 1,585
1,470
1,258
1,229
1,137
1,181
1, 160
1,241
1,442
1, 071
1,022
2, 110
1,986
2,113
1,714
1,783
2, 108
2,159
2,467
2,438
2,368
2,816
2,321
1,842
1,612
1,581
1,544
1,558
1,372
1,637
1,946
1,493
1,205
1,662
1,376
1,213
1,228 1, 387
1,065 1,192
981 1,143
994 1,081
1,037 1,139
893 1,071
1,034 1,167
1,281 1,359
880 1,006
1,130
1,120
990
944
973
891
968
1,180
866
790
1,032
875
2,338
2,338
2,198
2,646
2,175
1,917
1,997
1,939
2,065
2,020
1,727
1,768
1,703
1,732
1,541
1,782
2,025
1,587
1,327
1,766
1,564
1,936
2,047
2,011
2,160
2,101
1,819
1,857
1,786
1,815
1,597
1,892
2,107
1,687
1,466
1,865
1,655
2,273
1,943
1,916
1,893
1,935
1,719
2,028
2,245
1,799
1,526
1,973
1,785
2, 138
2,251
2,102
2,268
2,430
2,087
2,087
2,067
2,075
1,885
2,200
2,382
1,950
1,667
2,120
1,888
2,622
2,250
2,288
2,267
2,316
2,104
2,413
2,589
2,092
1,836
2,323
2,108
2,826
2,403
2,450
2,405
2,481
2,261
2,618
2,798
2,215
1,986
2,528
2,228
2,682
2,832
2,463
2,743
3,098
2,545
2,666
2,634
2, 711
2,483
2,852
3,077
2,429
2,185
2,744
2,417
2,886
3,079
2,672
3,010
3,351
2,738
2,881
2,882
2,989
2,718
3,153
3,394
2,684
2,370
2,884
2,616
3,650
3, 034
3,099
3,075
3,218
2,933
3,354
3,684
2,876
2,597
3,054
2,864
3,332
3, 573
3,127
3,620
3,515
3,728
3,298
3,913
44
45
46
47
1,659 1,727 1,699 1,661 1,742 1,919
2,000 2,063 2,106 2,148 2,274 2,312 2,371 2,531 2,674 2,808 3,011 3,277 3,557 3,809
48
1,761
1,443
1,911
1,745
1,491
2,057
1,797
2,148
2,114
1,833
1,786
1,588
1,866
1,830
1,642
1, 779
1,509
1,892
1,767
1,578
1,729
1,503
1,818
1,718
1,554
1,852
1,539
1,857
1,814
1,625
1,641
1,823
1,702
1,802
1,944
1,720
2,054
2,023
1,794
2,009
1,867
2,239
2,194
1,929
1,865
1,931
1,886
2,030
2,036
1, 846
2,267
2,271
1,971
1,969
1,916
2,304
2,329
2,041
2,264
2,038
2,386
2,401
2,162
2,004
2,131
2,053
2,210
2,258
2,062
2,419
2,451
2,213
2,255
2,145
2,435
2,530
2,270
2,323
2,405
2,242
2,382
2,439
2,431
2,571
2,668
2,377
2,508
2,638
2,364
2,547
3,088
3,321
2,877
3,319
3,629
3,409
3,929
4,153
3,442
49
50
51
52
53
3,376 3,567 3,868 4,122 4,327 4,522
54
2,652
2,440
2,765
2,839
2,495
2,731
2,602
2,895
2,982
2,622
2,899
2,712
3,077
3,233
2,810
3,170
3,038
3,380
3,519
2,976
3,444
3,264
3,674
3,831
3,221
1,715
1,801
1,985 2,103 2,144 2,117
2,239 2,400 2,429 2,562 2,615 2,682 2,793 2,889 3,021 3,155
12,067
6,631
1,792
76, 720
13,118
7,276
2,047
83,067
13,602
7,816
2,244
88,863
14,221
8,470
2,460
94, 118
1,600
1,621
1,814
1,752
1,674
1,620
2,018
1,852
1,821
1,789
2,249
2,044
2,038
1,927
2,549
2,313
4,132
3,959
4,822
4,640
55
56
57
58
1,111
2,700
li}250
3,044
1,399
3,472
Ir625
3,694
1,40?
8, 884 8,836 8,618 f,4^ %,800 8, $78 % 8%S 2,857 2,507 2,824 2,659 2,699 2,744 2,997 3,154 3, 380 3,675 3,899 4,223 4, 586 4,875
1,386 1,680 1, 748 1,795 1,80$ 1,888 1,944 1,981 8,156 2,366 2,481 2,567 2,641 2,813 2,885 3,185 3,409 3,755 4,097 4,657 4,738
59
60
1,919
1,875
2,429
2,167
2,001
1,867
2,462
2,204
2,001
1,821
2,437
2,172
2,170
1,996
2,588
2,489
2,205
2,070
2,645
2,508
2,309
2,179
2,760
2,648
2,340
2,223
2,848
2,704
2,447
2,264
2,893
2,764
2,583
2,358
3,188
2,867
2,618
2,457
3,185
2,973
2,721
2,591
3,177
3,111
2,908
2,753
3,229
3,234
3,231
2,925
3,385
3,447
3,431
3,081
3,521
3,640-
3,690
3,309
3,862
3,956
3,924
3,528
4,264
4,214
3,984
3,718
4,652
4,444
Per Capita Persoitial Inc<>me, b y Cens usRei[ions
43,345
142,965
145,202
52,135
90, 734
31,949
56,018
24,168
99,229
47,085
164,647
157,848
56,853
100,899
34,870
59, 874
26, 918
107, 765
50,568
165, 901
165,425
61,234
110, 178
37, 760
66,428
29,848
115, 161
53,607
176,237
176,699
65,320
119,668
41,051
69, 737
32,838
122,028
1,494
1,652
1,602
1,444
1,137
906
1,118
1,368
1,714
1,601
1,751
1,666
1,428
1,211
915
1,207
1,418
1,798
1,779
1,908
1,864
1,547
1,343
1,030
1,324
1,615
1,982
1,865
1,978
1,937
1,624
1,422
1, 096
1,405
1,691
2,099
1,921
2,066
2,062
1,642
1,467
1, 161
1,457
1,676
2,140
1,905
2,055
1,983
1,677
1,450
1,145
1,472
1,650
2, 113
2,030
2,154
2,095
1,681
1,541
1,233
1,535
1,732
2,235
2,241
2,383
2,248
1,860
1,666
1,349
1,691
1,897
2,397
2,263
2,389
2,208
1,969
1,704
1,392
1,737
1,978
2,426
NOTE.—Details may not add to totals because of rounding. Alaska and Hawaii included 1960
to date but not in earlier years.
2,334
2,501
2,326
1,988
1,788
1,461
1,799
2,050
2,659
2,419
2,672
2,388
2,065
1,832
1,478
1,812
2,093
2,607
2,487
2,618
2,408
2,114
1,886
1,546
1,878
2,137
2,673
2,600
2,737
2,527
2,235
1,987
1,620
1,928
2,260
2, 779
2,67,5
2,818
2,622
2,314
2,077
1,719
2,013
2,303
2,875
2,797
2,976
2,777
2,404
2,219
1,808
2,134
2,360
3,012
2,969
3,143
3,013
2, 653
2,376
1,969
2,285
2,503
3,145
3,197
3,365
3,245
2,873
2,679
2,148
2,505
2,649
3,371
3,440
3,594
3,385
3,019
2,774
2,291
2,692
2,791
3,564
3,725
3,885
3,663
3,249
3,032
2,608
2,922
3,018
3,865
4,012
4,186
3,956
3,509
3,318
2,734
3,133
3,294
4,120
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
4,269
4,451
4,098
3,741
3,580
2,945
3,373
3,577
4,333
4,464
4,693
4,348
3,958
3,825
3,156
3,545
3,829
4,526
61
62
63
64
65
66
67
68
69
SUKVEY OF CURRENT BUSINESS
26
August 1972
Tables 4-27.—Personal Income
[Millions of
Table 4.—United States
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Table 5.— New England
Table 6.— Maine
Item
Line
•Personal income _ __
1969
1970
746,449
801,493
505,204 537, 129
Wage and salary disbursements
3,435
3,088
Farms
5,387
5,825
Mining
1,395
1,159
Coalmining
-2,575
Crude petroleum and natural gas
2,507
1,855
Mining and quarrying except fuel
1,721
30, 533 32, 357
Contract construction
157, 562 158, 316
Manufacturing
99,540 98,005
Durables
""
58,022. 60, 311
Nondurables
- 82, 641 89, 000
Wholesale an d retail trade
-Finance, insurance and real estate
. . _ 24, 929 27,032
6, 552
7,438
Banking
19,594
Other finance, insurance and real estate
18, 377
Transportation, communications and public 37, 346 40, 151
utilities.
6,114
Bailroad transportation
5,935
Highway freight and warehousing
9,031
8,688
Other transportation.
8,354
8,980
Communications and public utilities
14, 369
16,026
63, 143 69, 669
Services
Hotels and other lodging places
2,992
3, 220
Personal services and private households —
9,243
9,455
13,332 14, 486
Business and repair services
Amusement and recreation
3,546
3,758
Professional, social and related services
34, 030 38,750
99, 585 110, 244
Government
Federal, civilian
25, 271 28,106
Federal, military
15,380 15, 675
State and local
58, 934 66,463
990
Other industries
1,100
32
Other labor income
33
34
35
Proprietors' income
Farm
Nonfarm
.
1971
1969
1970
1971
1969
857,085 47,085
50,568
53,507
568,569
3,588
6,038
1,479
2,652
1,907
35, 005
160, 434
98, 042
62, 392
95, 111
29, 620
8,055
21, 565
43, 110
32,035
92
32
<l)
0)
31
1,879
11,644
7,598
4,045
5,087
1, 764
458
1,306
1,856
34, 104
96
33
33
2,124
11, 662
7,595
4,067
5,513
1,950
526
1,424
2,014
35,470
95
34
(0
0)
33
2,280
11, 327
7,232
4,095
5,834
2,110
562
1,548
2,164
107
674
208
466
309
73
23
49
125
2
133
684
212
472
334
81
27
55
135
6,448
10, 137
9,149
17, 376
75, 423
3,434
9,564
15, 024
3,989
43, 422
119, 025
29,949
15, 795
73, 281
1,215
160
467
337
892
4,549
161
520
914
150
2,804
5,054
1,132
634
3,287
79
159
493
370
993
5,046
168
529
976
165
3,208
5,577
1,262
662
3,653
88
167
540
381
1,075
5,489
179
531
996
177
3,605
6,043
1,315
670
4,058
94
31
30
10
54
201
15
34
19
6
126
403
101
67
235
6
31
33
11
59
219
17
35
21
6
140
437
111
71
255
7
0)
Table 7.—New
Hampshire
Table 8.— Vermont
1970
1971
1969
1970
1971
1969
2,986
3,226
3,416
2,475
2,686
2,877
1,426
1,541
1,921
22
1
2,055
24
2
2,141
24
1
1,718
8
3
1,823
8
3
1,930
8
4
931
10
7
1,005
11
7
'•°?f7
140
669
212
457
361
89
29
60
148
3
119
658
348
310
260
73
20
53
91
3
123
654
347
308
285
83
23
60
102
4
127
656
348
308
311
91
25
66
111
7
81
302
221
81
134
36
11
25
57
7
96
304
221
82
147
41
13
28
64
7
93
300
216
84
162
46
16
32
70
33
36
12
66
237
18
37
23
6
153
465
114
77
274
7
4
25
9
52
205
17
28
28
11
120
298
91
46
161
3
5
27
10
59
227
19
29
30
13
135
334
102
50
183
4
5
31
11
65
251
20
30
34
14
153
366
106
54
205
4
9
16
6
26
148
22
21
13
4
88
154
30
5
119
2
10
17
7
30
162
24
22
13
4
100
170
34
6
130
2
10
20
6
33
177
27
22
13
4
112
193
38
6
150
2
(
\
0)
0)
1970
1971
1,650
28,415
32,112
36,522
1,708
1,933
2,131
94
109
123
88
102
115
49
56
62
67, 191
16,741
50,450
66,800
16, 878
49, 922
69,967
17, 328
52,639
3,343
225
3,118
3,326
243
3,083
3,495
238
3,258
309
72
237
291
74
217
299
71
229
176
9
167
192
11
181
201
10
191
142
48
94
155
55
100
165
59
106
106, 147
36
Property income
113,921
119,568
7,407
7,894
8,271
420
468
490
362
392
411
201
201
211
37
Transfer payments
65,768
79,462
93,583
4,270
5,096
6,133
347
408
479
223
268
321
149
179
211
38
Less : P ersonal contributions for so cial insurance. 26,276
27,931
31,124
1,679
1,787
1,993
104
106
117
93
91
101
46
54
60
Table 16.— Delaware
1969
1
Table 17.— Maryland
Table l8.-^District of
Columbia
1969
1970
1971
1969
1970
1971
15,437
Item
Line
Personal income
Wage and salary disbursements
Farms
Mining
Coal mining
Crude petroleum and natural gas
Mining and quarrying except fuel...
Contract construction
Manufacturing
Durables
Nondurables
.
W holesale and retail trade
.
Finance, insurance and real estate
Banking
Other finance, insurance and real estate
Transportation, communications and public
utilities..
17
Railroad transportation. _.
Highway freight and warehousing
18
Other transportation
19
20
Communications and public utilities
21
Services
22
Hotels and other lodging places
23
Personal services and private households. __
24
Business and repair services. __
25
Amusement and recreation _ _
26
Professional, social and related services
27
Government
28
Federal, civilian. _. __
29
Federal, military
30
State and local
31
Other industries.
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
1970
1971
1971
2,610
16,877
18,119
3,740
4,116
4,418 157,848 165,425 176,699
35,782
36,785
39,850
2,552
2,762
25, 077
63
111
26,912
70
114
0)
66
80
10
69
235
93
19
74
71
77
9
68
240
98
22
76
2,922 109,586 113,774 120,038
324
252
297
684
658
607
0)
258
271
219
111
104
107
0)
292
301
284
7,145
6,933 6,799
76
79 46, 014 45,293 46,416
9 34, 116 33,013 33, 742
70 11,898 12,280 12, 674
217 17,253 18, 349 19, 472
5,216
4,766
4,390
105
1,365
1,265
24
1,123
3,851
3,502
81
3,267
24,863
52
108
0)
(')
13,354
24
17
3
1
14
928
2,249
1,267
981
2,146
614
127
487
9
99
1,378
11, 525
9,617
1,909
3,561
811
238
573
II
100
1,330
10, 726
8,792
1, 933
3,811
890
265
625
13
102
1,433
11,376
9,367
2,009
4,120
959
283
676
867
125
194
169
379
1,840
54
218
565
78
925
4,642
2,474
564
1,603
28
139
26
5
31
76
568
21
74
75
10
388
1,346
946
182
218
26
145
27
5
33
79
620
22
74
80
10
433
1,483
1,037
193
252
29
148
29
5
34
80
662
21
75
80
10
475
1,602
1,119
197
285
33
8,40&
1,576
2,507
972
3,352
13,683
453
1,619
2,496
569
8,546
18,524
3,485
900
14, 139
167
1,344
191
402
126
625
2,516
77
363
489
108
1,480
3,540
478
149
2,913
29
1,401
192
390
128
690
2,781
81
368
515
116
1,701
3,932
529
149
3,254
32
1,512
203
442
127
740
2,951
84
361
531
124
1,852
4,341
568
154
3,621
34
C1)
C1)
0)
(0
92
632
146
486
201
54
18
36
106
644
147
497
215
62
22
40
78
17
19
12
30
159
5
29
30
9
87
250
42
55
153
2
84
18
19
12
34
177
5
30
34
9
99
280
47
50
183
2
91
19
23
9
40
192
6
31
35
10
110
311
52
51
208
3
744
112
156
155
321
1,533
45
212
497
66
713
3,873
2,041
534
1,298
21
810
118
170
168
353
1,697
49
214
539
72
822
4,313
2,291
564
1,458
25
114
127
153
493
565
643
88
96
120
7,821
8,683
9,947
2,395
2,588
3,081
122
143
154
122
143
154
12,675
2,697
9,978
11,874
2,388
9,487
12,804
2,815
9,989
2,491
283
2,207
2,249
270
1,979
2,300
228
2,071
565
617
640
21,544
22,629
23,680
4,649
4,803
5,059
11,864
14,308
16, 751
2,582
3,241
3,814
5,643
5,844
6,521
1,199
1,172
1,314
174
64
110
152
42
110
159
43
116
1,101
143
958
1,118
133
984
36
Property income
421
421
442
1,857
1,968
2,080
1970
1,714 11,461 12,510
23
20
7
1
16
15
2
2
1
I
1
C)
13
13
822
118
707
2,271
691
2,249
1,309
179
1,326
962
511
923
1,974
233
1,795
560
503
69
116
24
99
444
404
45
Proprietors' income.
Farm
Nonfarm.
See page 30 for footnotes.
1969
2,394
1,140
100
1,039
Transfer payments.
1971
1,578
7
1
Other labor income
Less: Personal contributions for social insurance-
1970
2,271
33
34
35
38
1969
Table 20.— Michigan
1,475
6
0)
32
37
Table 19.— Great Lakes
151
182
214
1,141
1,377
1,639
553
648
748
64
65
73
616
661
737
140
151
166
7,350
1,464
2,206
882
2,799
11,475
404
1,578
2,221
498
6,773
15, 175
2,968
900
11,307
136
7,759
1,499
2,199
957
3,104
12, 702
430
1,614
2,402
535
7,720
17, 001
3,343
925
12, 733
151
SURVEY OF CURREFT BUSINESS
August 1972
27
by Major Sources, 1969-71
dollars]
Table 9.—Massachusetts Table 10.—Rhode Island Table 11.—Connecticut
Table 12.—Mideast
Table 13.— New York
Table 14.—New Jersey
Table 15.—Pennsylvania
Line
1969
1970
1971
22,926
24,750
26,285
3,453
15,642
24
10
16,700
25
10
17,458
25
11
2,421
4
1
0) .
0)
0)
1969
0)
11
1
1970
1971
1969
1970
3,726
3,957
13,819
14,638
2,581
3
1
2,701
3
1
148
852
524
328
424
128
36
92
143
9,402
25
9
(i)
C1)
8
553
4,083
3,223
860
1,371
563
122
440
481
9,940 10, 178 120,274 128,526 135, 178 53,767 57,213 60,035 21,509 23,262 24,568 29,509
223
82
42
25
24
197
235
78
93
39
41
55
42
84
85
41
458
88
10
508
508
10
41
317
(i)
1
3
3
3
3
250
290
289
3
243
0)
1
1
1
36
16
1
38
37
17
17
17
0)
172
182
182
64
68
68
37
9
38
9
37
58
634
1,403
2,490 2,765 3,119 1,237
669
6,378 7,047 7,711
1,786
1,488
4,040 3,832 37,683 38, 087 38,011 14, 760 14,815 14,686 8,093 8,278 8,325 11,868
3,154
2,922 21, 766 21, 746 21, 368 8,147 8,127
7,987 4,353 4,346
4,260 7,784
6,688 6,699 3,741 3,932 4,064 4,084
886
910 15, 916 16, 341 16,642 6,613
9,654
21,
754
9,990
3,520
3,926
4,218
1,497
19,
176
20,
640
9,098
4,327
1,671
4,933 6,331
7,631 8,144
1,035
1,155
1, 264
695
8,837 4,720
1,226
633
1,635
306
354
257
338
141
151
2,007 2,303 2,477 1,259
1,440
5,841 6,360 3,461 3,493
3,796
926
872
543 5,625
778
849
491
1,922
2,162
5,034 1,740
2,081
522
658
9,437 10, 228 10,720 4,574 4,946
1970
(l)
C1) 1
1971
1969
1971
15,322 176,094 189,288 201,384
1969
80,923
1970
1971
86,391 91,742
1969
1970
1971
30,423
32,930
35, 146
1969
1970
43,301 46,579
1971
49,349
1
31,201 32,584
69
71
361
364
280
283
18
18
62
63
1,982
1,879
12, 003 11,982
7,808
7,666
4,195
4,316
4,632
4,950
1,336
1,454
398
429
1,025
939
2,322 2,499
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
10
888
5,069
3,068
2,001
2,647
910
251
659
979
10
994
5,125
3,124
2,001
2,851
992
289
703
1,059
1,103
5,017
3,009
2,008
3,005
1,061
306
755
1,135
131
857
531
327
365
109
30
79
122
1
144
856
538
318
399
120
33
87
133
65
240
226
448
2,576
68
239
588
72
1,609
2,496
601
254
1,642
43
64
248
247
500
2,836
69
241
610
79
1,837
2,760
664
260
1,836
48
66
274
252
543
3,060
73
241
614
86
2,046
2,991
683
258
2,050
51
7
38
15
63
278
7
39
46
13
174
548
136
171
241
5
8
41
16
68
325
8
39
51
15
212
595
148
174
273
6
8
45
17
73
356
8
39
54
16
239
639
168
167
303
6
43
118
70
250
1,141
31
159
220
43
688
1,155
174
92
889
20
41
126
79
276
1,277
33
162
250
47
785
1, 281
204
102
976
22
44
136
83
295
1,407
33
162
259
50
903
1,389
206
107
1,076
23
1,142
1,905
2,742
3,649
16,963
649
2,063
4,355
923
8, 973
22, 131
6,503
1,718
13,909
220
1,157
2,036
2,913
4,121
18,643
675
2,099
4,710
987
10, 171
24, 763
7,209
1,747
15,807
242
1,220
2,257
2,909
4,334
20,235
709
2,107
4,815
1,025
11, 579
26, 898
7,645
1,785
17, 468
269
380
633
1,834
1,727
8,655
363
990
2,281
589
4,331
9,311
1,548
337
7,426
97
368
672
1,923
1,984
9,295
372
1,004
2,428
626
4,866
10, 530
1,726
331
8,474
105
384
718
1,904
2,028
10, 071
381
1,001
2,434
637
5,617
11, 511
1,782
337
9,393
115
118
539
468
616
2,706
95
331
861
119
1, 300
3,060
708
400
1,952
38
120
586
513
703
3,042
98
342
971
132
1,500
3,409
785
408
2,215
42
127
656
522
776
3,301
102
341
1,005
138
1,716
3,765
833
425
2,507
46
489
552
241
879
3,442
121
428
611
129
2,153
4,291
1,219
209
2,864
36
506
584
265
967
3,811
130
434
658
138
2,451
4,749
1,323
201
3,225
40
535
662
271
1, 030
4,169
145
441
696
152
2,735
5,068
1,385
211
3,472
46
820
924
1,024
125
139
156
532
603
651
6,475
7,254
8, 145
2,666
2,958
3,318
1,252
1,425
1,606
1,862
2,083
2,305
32
2,123
41
2,082
3,350
340
3,010
3,464
368
3,096
3,521
268
3,253
33
34
35
1,509
45
1,465
1,495
46
1,449
1,577
45
1,532
233
4
229
221
5
216
231
4
227
973
47
926
973
53
920
1,022
49
973
12,760
981
11, 778
12,532
938
11, 594
13,014
747
12, 267
5,951
371
5,580
5,641
346
5,295
5,917
295
6,622
2,061
63
1,998
2,014
49
1,965
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
3,545
3,869
4,050
456
501
525
2,424
2,463
2,583
26, 706
28,256
29,546
13,536
14,268
14, 900
4,343
4,575
4,787
5,984
6,407
6,696
36
2,221
2,624
3,138
363
441
517
968
1, 176
1,467
15,979
19,158
22,702
7,575
8,980
10,555
2,388
2,879
3,440
4,171
5,092
6,106
37
810
862
962
145
157
173
481
517
579
6,099
6,439
7,202
2,573
2,668
2,984
1,130
1,225
1,379
1,576
1,668
1,862
38
Table 21.— Ohio
Table 22.—Indiana
Table 23.—Illinois
Table 24.— Wisconsin
Table 25.—Plains
Table 26.— Minnesota
Table 27.—Iowa
1971
11,088
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Line
1969
1970
1971
1969
1970
1971
1969"
1970
1971
1969
1970
1971
1969
1970
1971
1969
1970
1971
1969
1970
40,424
42,501
44,833
19,110
19, 721
21,120
47,233
49,961
53,400
15,299
16,457
17,496
56,853
61,234
65,320
13,509
14,732
15,564
9,907
10,613
28,479 29,595
46
58
188
214
87.
106
41
46
60
62
1,904
1,812
12,525 12,426
9, 178
8,896
3,347 3,440
4,318
4,599
1,014
1,108
242
276
772
832
1,888
383
631 .
169
705
2,793
86
400
544
134
1, 630
3,766
943
233
2,590
37
2,024
407
646
180
791
3,123
94
414
605
145
1,864
4,192
1,072
239
2,880
40
30,824
63
226
114
47
65
1,766
12,514
8,960
3,555
4,844
1,221
298
923
13,194
30
68
31
8
29
847
6,108
4,783
1,325
1,928
491
129
361
2,212
427
745
178
862
3,424
100
419
646
156
2,103
4,509
1,103
240
3, 166
45
13,569
38
72
37
' 7
28
819
6,043
4,671
1,372
2,040
524
144
380
14,273
45
75
39
6
29
817
6,255
4,824
1,431
2,142
566
155
411
32,892
70
220
100
46
73
2,172
11,689
7,759
3,931
5,858
1,692
408
1,284
34,772
78
237
116
44
78
2,210
11,869
7,785
4,084
6,195
1,824
460
1,364
36, 696
81
243
118
45
81
2,479
11,984
7,810
4,174
6,546
2,006
499
1,507
10,158
54
23
10,762
59
24
11,332
64
25
(l)
23
633
4,166
2,780
1,386
1,588
383
106
277
C1)
24
628
4,229
2,778
1, 451
1,704
420
120
300
853
907
190
201
270 *
276
61
62
332
367
1,099
1,209
42
47
188
192
156
172
39
42
675
757
1,757
1,903
364
407
93
89
1,300
1,407
12
13
976
213
303
64
396
1,307
49
195
183
43
836
2,077
434
91
1,551
14
2,632
593
709
453
877
3,993
157
487
879
178
2,292
4,523
971
386
3, 166
43
2,751
592
682
511
967
4,392
163
494
' 946
186
2,604
5,168
1,092
407
3,668
47
2,975
621
785
522
1,046
4,694
172
494
962
197
2,869
5,634
1,120
377
4,137
53
632
107
193
73
259
1,074
42
141
153
41
698
1,589
211
39
1,338
16
675
107
204
77
288
1,197
45
146
164
47
794
1,808
243
40
1,524
18
5,453
72
25
1
5,834
80
25
1
1
133
679
2,700
1,563
1,137
1,841
480
131
349
10,144
59
137
C1)
1
136
740
2,672
1,506
1,166
1,973
528
142
386
23
344
1,753
1, 029
724
1,003
262
81
181
24
369
1,807
1,025
782
1,082
283
89
193
6,212
93
27
1
0
25
387
1,867
1, 041
826
1,148
307
96
211
743
182
169
141
252
1,271
54
149.
199
45
825
1,660
286
51
1,323
18
808
192
190
151
275
1,361
56
151
207
48
899
1,845
303
49
1,494
21
394
94
109
26
166
599
21
90
71
20
398
986
187
19
781
15
422
94
118
30
181
653
22
94
79
22
436
1,097
212
18
866
16
470
99
138
32
200
704
24
97
87
24
474
1,193
228
20
945
17
37,057
320
360
18
87
254
2,349
9,807
5,605
4,203
6,987
1,803
536
1,267
39,336
375
367
19
85
263
2,546
9,920
5,611
4,309
7,443
1,967
575
1,392
8,931
40
127
1
C)
9,574
46
134
1
C1)
25
651
4,286
2,781
1,505
1,819
464
130
334
34,632
285
346
14
89
243
2,199
9,582
5,631
3.951
6,489
1,684
486
1,198
125
656
2,632
1,554
1,078
1,692
443
119
324
733
112
233
81
307
1,307
48
150
174
49
886
1,963
261
39
1,664
20
2,990
788
727
449
1,027
4,195
165
591
610
157
2,673
6,792
1,460
850
4,482
69
3,175
811
765
478
1,120
4,631
178
610
677
170
2,996
7,550
1,651
873
5,026
76
3,448
856
872
493
1,227
4,992
189
623
716
183
3,281
8,194
1,766
906
5,522
84
711
179
158
147
227
1,141
50
142
181
42
726
1,473
250
50
1,174
17
C)
1
0)
C)
2,002
2,237
2,542
964
1,082
1,217
1,837
2,063
2,304
623
713
803
1,876
2,134
2,424
468
533
599
291
330
377
32
3,065
407
2,658
2,996
418
2,578
3,132
419
2,714
1,877
632
1,245
1,615
438
1,178
1,866
625
1,241
3,683
839
.2,845
3,464
695
2,769
3,889
965
2,924
1,560
536
1,023
1,551
568
983
1,617
578
1,039
8,415
4,377
4,038
8,635
4,551
4,083
8,942
4,630
4,312
1,504
643
861
1,721
848
873
1,646
721
925
2,Q59
1,281
777
2,086
1,280
806
1,919
1,069
851
33
34
35
5,321
5,623
5,841
2,334
2,481
2,588
7,067
7,300
7,655
2,173
2,423
2,537
8,698
9,310
9,779
1,915
2,011
2,110
1,546
1,643
1,729
36
3,079
3,668
4,295
1,382
1,658
1,938
3,506
4,169
4,873
1,315
1,572
1,831
5,112
6,062
7,008
1,166
1,385
1,610
888
1,053
1,217
37
1,522
1,617
1,803
641
684
763
1,752
1,807
2,018
563
624
1,881
1,965
2,169
474
492
544
329
333
366
38
530
SUKVEY OF CUEEENT BUSINESS
28
August 1972
Tables 28-51.—Personal Income by
[Millions of
Table 28.-Missouri
Item
Line
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Personal income
Wage a n d salary disbursements
_____
Farms _
_
._- _ _ _ _ _
Mining
Coal mining
Crude petroleum and natural gas
Mining and quarrying except fuel
Contract construction ;
Manufacturing
Durables
Nondurablss
Wholesale and retail trade _
_ __
Finance, insurance and real estate
Banking
___
_. _ _ Other finance, insurance and real estate, _ " _ _ _
Transportation, communications and public
utilities.
Railroad transportation
... _ _
Highway freight and warehousing
Other transportation
- _ . _ ...
Communications and public utilities
Services
Hotels and other lodging places. _ _ . _ _
Personal services and private households
Business and repair services
Amusement and recreation
Professional, social and related services
Government
Federal, civilian
_ _ . _ _ _ .
Federal, military
_ ... _
State and local
__
Other industries
Table 29.—North
Dakota
Table 30.— South
Dakota
Table 31.— Nebraska
1969
1970
1971
1969
1970
1971
1969
1970
1971
1969
Table 32.— Kansas
1970
1971
1969
1970
1971
16,140
17,427
18,587
1,867
1,897
2,222
1,995
2,107
2,321
5,297
5,649
6,077
8,138
8,808
9,460
10,526
57
66
7
1
57
593
3,169
1,895
1,274
1,938
514
134
380
982
11,196
63
71
10
1
60
639
3,262
1,904
1,358
2,063
538
145
393
1,042
11,833
70
73
10
2
61
707
3,287
1,942
1,345
2, 183
586
155
432
1,121
923
22
13
2
10
1
55
54
21
33
201
37
15
21
89
1,032
25
13
3
9
2
81
63
26
37
215
40
17
23
94
1,122
31
14
3
9
2
92
69
29
40
229
44
18
26
102
965
21
18
1,047
22
18
0)
1,130
23
20
(l)
2,867
37
12
3,132
42
12
3,333
53
12
115
36
78
221
46
22
24
78
20
64
123
42
81
235
48
23
25
88
5
6
202
580
298
282
555
169
47
122
284
4
7
212
601
304
297
603
184
53
131
307
4
8
217
620
308
312
642
201
56
145
334
4,967
35
85
3
71
11
297
1,289
803
486
894
217
71
145
457
5,243
41
87
4
71
12
315
1,259
746
513
962
233
79
154
488
5,563
48
84
4
68
12
339
1,283
744
539
1,032
253
85
168
526
192
267
210
313
1,265
50
184
209
51
771
1,929
547
268
1,114
14
197
271
234
340
1,391
53
187
229
57
865
2,111
596
259
1,256
15
206
307
234
374
1,508
56
191
239
62
960
2,281
637
266
1,378
16
33
13
5
38
130
6
18
8
3
95
320
63
86
171
2
34
14
5
42
140
7
18
9
3
103
358
73
95
190
2
35
16
5
45
153
8
19
9
3
115
386
81
102
204
2
13
19
5
33
139
5
20
11
5
98
300
75
41
185
4
12
22
6
38
151
6
21
12
6
107
339
87
. 47
205
4
13
27
6
42
161
7
22
13
6
114
364
92
53
218
5
120
56
18
90
369
13
50
50
14
240
654
128
101
425
5
128
62
20
97
410
15
51
59
15
268
756
146
114
496
6
136
70
21
107
439
18
53
62
16
292
808
160
119
529
' 7
157
105
39
156
552
20
87
80
22
344
1,129
211
286
632
13
164
109
44
171
815
21
89
90
23
391
1,229
250
289
690
15
174
124
44
185
665
22
91
100
24
428
1,317
266
297
753
16
0)
18
53
106
32
74
207
43
20
24
74
(I)
17
53
32
Other labor income
618
705
800
39
47
55
44
51
59
141
160
183
275
308
351
33
34
35
Proprietors' income
Farm
Nonfarm
1,649
536
1,113
1,697
603
1, 094
1,783
629
1,154
467
327
140
339
205
133
512
372
141
508
374
134
494
356
138
567
421
146
1,072
677
395
980
580
400
1,071
649
422
1,158
539
619
1,318
678
639
1,443
769
674
36
Property income
2,390
2,594
2,711
318
329
348
333
344
365
921
1,025
1,083
1,276
1,364
1,434
37
Transfer payments _ _ _ _
_.
1,501
1,802
2,090
177
210
250
201
230
264
455
527
599
725
855
978
38
Less: Personal contributions for social insurance.
544
567
628
57
60
66
56
59
64
158
174
191
262
280
310
_
________
._
Table 40.— Georgia
Line
Table 41.—Florida
Table 42.— Alabama
Table 43.— Mississippi
Item
1969
1970
1971
6,273
10,364
11,128
12,010
3,765
71
55
0
48
6
208
1,127
630
497
559
150
50
100
246
6, 872
42
474
7,239
42
486
7,725
43
514
41
5
194
992
545
447
473
123
41
83
210
3,479
66
52
0
47
6
206
1,037
574
463
512
134
45
89
219
444
31
606
1,337
5S2
755
1,195
293
77
216
681
454
32
605
1,360
559
801
1,263
315
86
229
730
482
32
632
1,444
586
857
1,367
342
93
249
763
97
109
52
216
817
28
189
180
18
403
1,859
670
305
885
16
44
41
2.5
101
367
19
124
52
7
164
821
175
201
446
11
41
44
25
108
393
20
126
54
8
184
847
196
173
478
12
44
54
27
121
423
22
130
53
8
209
915
214
176
524
12
77
98
288
219
801
41
180
159
28
392
1,424
246
262
916
17
82
102
312
234
871
43
186
174
30
439
1,549
277
264
1,008
19
87
114
305
258
947
46
189
189
32
491
1,652
296
267
1,088
22
464
ISO
209
248
384
442
511
956
259
698
998
314
684
1,075
359
717
1969
1970
1971
1969
1970
1971
1969
1970
1971
1969
1970
1971
14, 347
15,434
16, 786
22,542
25,077
27,611
9,163
9,925
10,765
5,262
5,755
10,807
59
51
0)
13,968
221
59
15,664 17,118
240
229
84
67
0)
11
9
73
58
1,433 1,549
2,365 2,441
1,354
1,367
1,011
1,074
3,488
3,147
957
1,088
213
191
875
766
1,452
1,319
6,271
40
60
42
4
14
343
2,028
1,079
949
902
241
65
175
408
6,698
40
70
50
4
15
346
2,099
1,099
999
980
259
73
186
436
7,196
39
69
51
6
12
383
3,193
1,137
1,056
1,059
288
81
207
474
3,293
55
46
51
549
2,991
1,150
1,841
1,990
553
142
411
898
11,683
61
55
l
()
0)
54
650
3,122
1,173
1,949
2,195
626
159
467
986
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Wage and salary disbursements. _ .
10,138
Farms
_. _
50
Mining..
_ _..,_ _
47
Coal mining
0
Crude petroleum and natural gas
0
Mining and quarrying except fuel
46
Contract construction
_
541
Manufacturing
2,951
Durables
1,189
Nondurables
_ ._
1,761
Wholesale and retail trade
1,804
Finance, insurance and real estate
486
Banking
_ . .
120
Other finance, insurance and real estate
366
Transportation, communications and public
815
utilities.
Railroad transportation
131
Highway freight and warehousing. . _
185
Other transportation. .216
Communications and public utilities
_.
282
Services
1,015
Hotels and other lodging places.
60
Personal services and private households
290
Business and repair services
184
Amusement and recreation
.
46
Professional, social and related services
436
Government.. _
2,393
Federal, civilian..
660
Federal, military
724
State and local
1,009
Other industries.
36
136
198
247
317
1,137
67
300
209
49
512
2,540
739
641
1,160
39
143
225
267
350
1,256
73
306
230
51
596
2, 690
777
598
1,314
41
112
159
462
432
2,222
229
404
400
130
1,060
3,103
668
679
1,756
54
122
181
502
514
2,526
244
420
452
151
1,259
3,548
745
746
2,057
63
129
200
537
587
2,846
268
433
476
212
1,457
3,871
806
764
2,301
69
87
94
52
175
695
23
180
157
15
321
1,539
547
288
705
14
92
97
54
194
758
26
185
168
16
362
1,696
604
299
793
15
32
Other labor income .
582
682
634
761
892
355
406
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Table 44. —Louisiana
Personal income
506
7
51
1,223
2,305
1,3#2
924
2j,782
833
167
667
1,166
0
33
34
35
Proprietors' income
Farm
Nonfarm
1,427
494
933
1,452
464
988
1,541
503
1,038
2,060
535
1,526
1,984
439
1,545
2,203
560
1,643
895
314
581
891
294
597
942
318
624
803
418
385
869
469
400
927
508
419
36
Property income
1,651
1,775
1,873
4,091
4,516
4,757
1,052
1,167
1,233
594
660
697
1,521
1,616
1,711
838
977
1,205
1,407
346
372
418
37
38
Transfer payments
. ...
Less: Personal contributions for social insurance.
See page 30 for footnotes.
1,113
487
1,359
542
1,609
602
2,500
713
3,021
868
3,611
970
926
336
1,130
367
1,339
409
570
177
719
182
203
STJKVEY OF CUKRENT BUSINESS
August 1972
29
Major Sources, 1969-71—Continued
dollars]
Table 34.—Virginia
Table 33.— Southeast
Table 35.— West
Virginia
Table 36.— Kentucky
Table 37.— Tennessee
1969
Table 38.— North
Carolina
Table 39.-South
Carolina
Line
1971
1969
1970
129,390 141,196 153,586
15,461
16,986
18,400
4,780
5,297
5,789
94,423 102,115
11,458
12,443
13,421
3,196
3,497
3,779
1969
87,452
749
1,464
641
548
276
5,693
24,364
10, 895
13,470
14, 067
3, 747
1970
1971
818
832
1,649
1,770
784
566
299
846
600
324
2,786
8,415
6,076
25,290
11, 121
14,169
15,387
4,161
1,097
3,064
7,025
6,729
26, 674
11,685
14,989
16, 823
4,660
1, 211
3,449
7,682
1,145
1,450
1,458
2,362
9,904
1,219
1,554
1,594
2, 658
11,017
615
678
1,290
1,761
1,671
2, 960
12, 133
2,278
1,724
2,352
1,914
961
47
101
82
(i)
19
655
49
123
102
(i)
20
729
1971
59
130
109
(i)
21
813
1,358
1,592
2,427
1,030
1,396
1, 733
443
119
324
759
486
136
350
836
543
149
394
919
166
154
172
267
178
166
193
299
189
185
207
337
1,234
1,373
1,505
2,357
999
2,578
1,121
1,457
1,882
1969
8
376
347
19
10
219
966
596
370
432
86
29
56
307
1970
9
443
413
18
11
259
999
609
390
464
93
33
60
336
9
466
434
18
13
320
1,034
638
397
513
102
36
66
358
1970
1971
1969
1970
1971
9,214
9,990
10,830
11,231
12,091
13,183
15,036
16,383
17,661
6,985
7,614
6,023
6,463
6,947
7,658
8,158
8,876
10,552
11,357
12,262
5,068
5,452
0)
40
192
157
15
20
443
47
240
204
15
21
423
1,821
1,069
1,939
1,138
752
915
214
64
150
455
802
996
234
72
162
497
4,251
1,858
1,188
1,205
4,666
2,069
1,240
1,357
4,970
2,267
1,244
1,459
21
23
99
52
17
139
277
16
47
30
14
170
523
104
21
397
3
6,074
485
559
653
248
274
304
359
419
13,155
4,296
8,860
13,831
4,524
9,307
1,033
1,143
183
960
348
25
323
364
18
346
368
13
355
1,163
16,776
18,411
19,468
1,849
2,029
2,153
556
601
637
12,188
14,892
17,592
1,195
1,445
1,708
603
744
4,453
4,918
5,492
558
607
678
171
184
744
385
432
4,901
20, 835
5,695
5,125
10,014
5,640
22, 759
6,362
5,139
11, 258
6,426
24, 549
6,940
5,153
12,456
4,537
5,233
12,890
4,258
8,632
215
241
70
246
261
37
620
2,406
2,045
512
19
263
204
830
Table 45.— Arkansas
84
252
286
42
710
1,117
206
911
95
256
300
47
807
Table 46.—Southwest
1970
1971
1969
1970
1971
5,004
5,517
6,005
53,178
58,453
62,456
2,957
3,164
1969
3,455
35,137
97
32
1
16
15
179
909
467
442
476
120
40
80
230
94
33
1
18
15
167
962
492
471
511
133
44
89
253
1,043
62
62
12
94
333
17
79
43
12
182
565
144
73
347
14
70
66
14
102
360
18
81
49
13
204
630
164
79
387
16
75
76
19
110
402
20
83
55
14
230
689
178
87
424
17
174
202
241
1,878
788
409
862
501
875
496
379
361
90
35
1
18
16
187
544
499
563
150
48
102
279
356
1,619
8
37,989
40,562
1,711
1,772
383
12
389
13
1,296
1,345
1,393
2,356
7,419
4,587
2,832
6,191
1,648
2,546
7,658
4,594
3,064
6,766
1,810
2,818
7,742
4,498
3,244
7,375
2,027
1,206
2,693
1,307
2,925
1,476
3,162
385
599
635
398
628
685
421
693
722
315
442
1,074
4,352
226
790
884
157
2,295
8,439
2,269
2,092
4,078
354
503
1,214
4,816
247
815
998
173
2,583
9,302
2,550
2,141
4,611
366
551
1,327
5,153
265
830
1,053
188
2,817
10,043
2,707
2,227
5,108
144
97
50
164
612
27
119
80
25
360
1,321
304
346
670
9
2,052
1,206
846
1,064
258
78
179
543
158
104
52
182
671
28
124
92
28
399
168
119
54
201
728
30
127
101
30
441
1,406
1,502
332
333
742
9
33
42
12
1
C)
0)
2,783
1,175
1,608
1,260
33
421
45
53
18
1
C)
34
493
2,900
1,231
1,669
1,340
3,044
1,283
1,761
1,478
354
98
255
516
395
109
287
573
111
175
60
135
857
50
190
156
23
438
113
188
65
150
956
59
196
165
27
509
120
218
70
164
30
422
327
87
240
481
1, 442
42
47
13
1,571
1,079
486
447
504
582
1,134
1,196
1,127
1,145
1,186
1,041
1,182
1,249
1,364
1,439
907
944
1,132
1,331
1,044
207
316
340
379
409
456
707
424
710
455
741
272
855
2,517
267
379
5,588
1,760
3,827
6,032
2,100
3,932
5,962
1,822
4,140
887
302
585
9,201
1,213
308
937
383
553
351
934
351
582
2,215
332
722
50
298
153
40
685
2,373
2,555
1,237
1,349
292
472
585
11
1,471
316
499
657
11
1,656
1,703
1,704
1,003
1,051
634
178
455
637
185
452
670
195
474
33
34
35
1,527
1,691
1,899
2,012
719
808
854
36
1,285
1,505
1,148
1,398
1,633
564
714
845
37
441
494
528
570
638
246
274
306
38
281
864
13
281
905
1,162
19
694
961
700
653
1971
1969
3,448
5,765
6,487
27,806
1,046
244
247
893
51
952
52
995
52
1,647
5,648
3,314
2,334
4,485
1,183
1,758
5,790
3,276
2,514
4,878
1,285
1,842
5,824
3,178
2,646
5,291
1,433
1,888
2,054
1,070
2,203
273
422
475
718
286
441
514
813
303
482
540
878
2,966
3,271
3,467
1,547
5,398
1,335
1,463
2,600
1,728
5,929
1,497
1,490
1,865
6,403
1,596
1,556
3,251
39
44
49
296
887
141
588
580
110
1,330
335
950
152
605
664
121
1,563
364
158
614
700
130
1,774
1,954
45
77
28
157
604
31
144
98
16
315
2,091
2,258
3,884
4,370
1971
1970
1971
7,287
16,198
17,934
19,643
1
10,547
11,581
12,742
1,768
1,095
1,894
1,171
2,027
1,260
1,867
2,038
2,285
1,012
1,109
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
4,907
76
208
1
1
206
380
764
620
144
736
215
69
146
276
78
220
1
2
217
503
784
627
157
828
252
77
175
308
33
29
16
93
385
20
35
145
11
173
807
250
140
417
5
35
43
37
126
515
48
76
97
22
274
985
240
207
538
8
36
48
42
149
589
54
80
108
24
323
38
55
44
170
659
62
83
118
28
368
95
113
340
149
22
144
4
55
84
124
134
80
54
302
80
23
57
157
34
24
14
76
343
17
34
139
9
144
689
217
123
349
5
31
26
16
84
368
19
35
147
10
158
754
237
136
380
5
83
3,810
1,136
2,674
4,178
1,394
2,785
4,060
1,131
2,929
308
132
342
161
175
182
5,455
6,093
6,438
370
398
23
148
5
58
85
152
144
86
58
334
88
26
63
172
193
420
26
159
236
671
672
454
139
315
940
723
500
157
343
205
453
35
158
260
928
768
561
174
387
276
217
624
9
304
248
713
11
1, 461
1,653
1,850
17
20
24
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
198
236
278
501
588
690
32
582
189
575
162
628
191
1,976
788
1,188
2,106
884
1,222
2,179
893
1,286
35
1,117
191
393
413
425
763
868
1,265
269
249
158
433
255
216
156
386
.1,274
1,428
1,587
2,943
3,258
1,067
3,562
1,177
90
158
239
54
732
961
522
99
163
272
59
835
538
108
169
302
70
938
535
33
34
438
926
2,327
2,585
2,743
36
1,711
1,998
37
710
38
764
7,801
8,695
604
741
859
4,563
5,482
6,384
842
983
1,144
2,911
3,489
4,030
281
356
419
530
655
791
1,428
166
170
190
1,788
1,947
2,170
253
264
292
1,255
1,368
1,527
87
98
108
192
217
243
580
205
454
32
160
263
771
249
205
141
346
718
1,411
Line
1969
73
176
(i)
1
175
322
738
608
129
643
182
56
126
242
21
140
4
59
77
130
127
78
49
279
72
20
51
148
Table 51. —Rocky
Mountain
647
1,336
766
210
53
157
308
1,226
47
293
140
38
593
1970
1,004
42
69
28
140
549
26
140
90
15
277
521
1,110
Table 50. —Arizona
26,258
1,600
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Table 49. -New
Mexico
230
944
704
186
47
139
279
40
63
27
121
491
23
136
81
13
237
Table 48. —Texas
24,427
507
1,509
644
169
40
129
251
32
3,183
2,202
41
282
122
35
520
488
1,456
322
2,908
558
283
727
15
1, 000
509
142
367
781
12
348
2,120
277
42,582
1,567'
79
321
85
296
71
270
77
234
456
129
327
705
11
314
2,016
246
40,213
539
298
665
15
75
283
84
263
411
112
299
651
10
283
1,944
25
36,678
1,502
4,476
1,478
2,997
1,890
688
9,140
1,366
4,194
1,378
2,817
1,750
27
675
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
23
8,570
46
127
121
185
642
25
97
91
19
411
3,970
1,323
2,647
1,591
26
622
38
12
1
596
7,827
44
113
113
168
587
22
95
79
17
374
0)
0)
24
584
8,27'I
5,888
518
1969
43
109
109
153
528
20
92
68
17
330
C1)
0
34
11
1971
1,434
1971
41
358
6
340
12
322
991
607
384
923
253
84
169
479
n\
C1)
28
10
1970
1,268
1970
5,591
98
27
1969
266
468
504
10
1969
40
355
6
337
12
284
970
618
352
849
230
77
153
438
524
138
97
27
1971
399
722
1971
5,270
1,741
87
24
1970
370
734
1969
32
359
4
343
11
257
907
587
320
784
212
69
142
415
63
201
172
28
576
455
137
979
12
1970
4,872
1,041
391
152
899
11
362
330
810
10
1970
80
73
114
63
19
163
338
18
50
39
17
215
634
132
22
480
3
Table 47. —Oklahoma
477
299
590
13
64
108
57
19
153
308
17
49
35
15
192
583
119
21
443
3
51
270
233
15
22
471
1969
637
SURVEY OF CURRENT BUSINESS
30
August 1972
Tables 52-62A.—Personal Income by Major Sources, 1969-71
[Millions of dollars]
Item
Table 52.— Montana
Table 53.—Idaho
Table 54.— Wyoming Table 55.— Colorado
1970
1971
1969
1970
1971
1969
1970
2,400
2,575
2,148
2,340
2,511
1,112
1,227
1,254
1,253 1,348
1,460
1,373 1,489
Wage and salary disbursements
- - -35
Farms . _ _ _ _. _ _ . _ _ . _
..
39
46
46
40
43
Mining
51
30
30
53
57
31
1
2
Coal mining
1
Crude petroleum and natural gas
14
13
18
(1)
(1)
(1)
Mining and quarrying except fuel . _
42
37
30
34
31
30
Contract construction.. ._
_ .__
107
102
87
99
86
97
Manufacturing
265
305
171
176
186
281
122
Durables 5
114
154
177
113
158
Nondurable ?
62
65
112
123
58
128
Wholesale and retail trade
265
275
229
244
231
250
Finance, Insurance and real estate _ ._ _ _„ _ . _
46
52
57
54
47
48
Banking
.
__
20
22
24
21
23
18
Other finance, insurance and real estate
34
26
26
30
30
28
Transportation, communications and public
112
139
105
123
146
158
utilities..
Railroad transportation
59
35
67
35
37
63
Highway freight and warehousing
23
23
24
27
21
28
Other transportation
11
11
12
7
6
7
47
Communications and public utilities _ ... _.
46
52
51
49
43
177
Services
_
162
191
141
153
167
12
11
Hotels and other lodging pi aces
15
13
14
13
21
19
Personal services and private households
19
20
20
21
18
52
55
Business and repair services
20
58
18
Amusement and recreation
. . . _ _ ...
4
5
5
5
4
5
75
83
Professional, social and related services
91
99
109
93
345
382
326
Government
424
356
288
Federal, civilian
_
97
109
77
96
121
88
52
Federal, military
_ . . . . . _.... - ...
48
36
40
40
50
State and local
222
175
220
201
250
198
5
Other industries
4
4
3
3
4
687
21
102
2
66
35
51
48
18
30
99
21
10
11
742
22
104
3
63
39
59
51
19
32
107
23
11
12
801
24
105
5
57
43
70
53
20
33
117
24
12
12
83
35
15
8
25
65
14
10
9
3
28
197
47
28
122
1
89
36
16
8
28
70
16
11
10
3
31
216
53
30
133
1
1969
Personal income
2,200
1971
1969
1970
1971
Table 56.— Utah
1969
Table 57.—Par West
1970
1971
1969
1970
1971
7,623
8,523
9,457
3,116
3,443
3,768
5,167
84
129
12
68
51
338
904
549
355
935
256
68
191
5,725
85
148
15
73
59
395
980
601
379
1,033
283
75
208
6,369
75
151
15
75
61
501
1,059
650
409
1,188
323
85
238
2,188
14
105
11
9
87
110
380
263
118
372
85
25
60
2,393
14
116
13
10
93
121
407
279
127
403
95
28
67
2,622 72,206 75,911
14
896 1,017
116
387
402
14
1
1
12
224
228
163
90
175
148 4,086 4,257
424 18, 870 18, 381
291 13, 786 13, 088
133 5,084 5,292
441 12,081 12, 803
101 3,470 3, 732
31
903 1,011
73 2,567 2,720
79,151
1,062
409
2
231
175
4,466
18,060
12, 575
5, 485
13, 573
4,064
1,096
2,968
95
425
38
64
95
16
97
8
169
33
76
657
17
44
11
81
11
122
30
3
34
380
235 1,431
57
391
32
370
146
689
1
8
484
64
97
109
194
743
46
84
143
33
436
1,587
440
383
764
9
510
63
111
109
222
834
51
87
163
40
493
1,717
483
369
865
12
187
55
51
18
62
248
10
28
41
12
15S
682
348
40
293
2
202
57
53
21
68
285
11
28
46
14
188
748
377
35
335
3
223 5,385 5,697
59
601
613
68 1,095 1,100
22 1,582 1,683
74 2,103 2,300
319 10, 039 10, 939
12
605
659
29 1,222 1, 228
51 2,306 2,449
17 1,202 1,216
209 4, 703 5,385
830 16, 833 18, 488
420 3,810 4, 155
42 3,056 3,120
388 9,987 11, 212
198
178
3
6,085
648
1,217
1, 697
2,523
11, 659
688
1,224
2,512
1,242
5,993
19, 553
4,373
3,093
12, 087
220
1,331
105,508 112,524 119,269
63
74
84
62
71
83
34
40
48
230
272
324
112
130
151
3,504
3,946
4,430
Proprietors' income
Farm
__•
Nonfarm
392
226
166
426
252
175
426
242
185
444
255
189
451
258
193
445
242
202
155
52
103
170
58
112
182
64
118
727
195
531
789
250
539
848
280
588
258
59
199
289
65
203
278
65
213
9,278
1,625
7,652
8,864
1,454
7, 410
9,443
1,625
7,818
Property income
353
381
403
272
297
315
177
204
216
1,114
1,241
1,323
411
461
487
14,408 15,592
16,304
216
254
238
280
95
112
131
649
783
915
289
324
379
10,113 12,433
14,611
Other labor income
_ _ _ _ _ _
Transfer payments
Less: Personal contributions for social insurance. .
Item
Personal income
Other labor income
Proprietors' income
Farm.
Nonfarm
Property income
Transfer payments. . _
Less: Personal contributions for social insurance
199
92
1970
100
90
83
Table 58.Washington
37
1971
664
119
127
208
210
996
50
129
207
40
570
2,456
581
505
1,370
24
700
126
141
208
225
1, 086
53
129
208
42
655
2,550
606
471
1,473
27
419
85
118
71
145
517
32
76
87
20
303
932
221
38
672
10
439
90
118
72
160
577
35
79
94
23
347
1, 051
255
35
762
11
416
452
494
244
273
1,761
1,146
448
1,834
1,518
437
1 ,242
273
969
1,913
1,810
483
815
166
649
1,010
707
258
802
155
647
3,044
3,472
3,694
1,250
1,399
1,525
2,271
68
C1)
2,586
76
C1)
2,703
70
C)
1,065
1,177
1,274
(
2.9
111
111
3,268 3,393
14, 591 14,335
10, 336 9,923
4,254 4,412
10, 082 10, 685
3,015 3,300
873
801
2,214 2,427
0)
237
167
41
126
333
118
24
94
C1)
281
182
43
139
384
138
29
109
0)
259
193
42
151
408
147
32
115
50
2
101
52
24
28
117
23
9
13
45
3
107
61
28
32
132
28
11
17
1
42
2
37
3
122
64
30
33
142
31
13
18
136 4,218 4,471 4,774
388
409
385
18
836
922
832
20
32 1,284 1,375 1, 390
67 1,717 1, 872 2,054
690 8,005 8,727 9,249
385
36&
343
213
984
991
31
990
128 1,891 2,028 2,076
949
953
227
962
92 3,819 4,389 4,855
409 13, 349 14, 607 15, 448
96 2,977 3,229 3,397
75 2,467 2,510 2,514
238 7,904 8,868 9, 536
178
144
161
3
186
0)
19
86
81
303
66
34
53
18
132
853
292
283
278
4
213
221
C1)
22
103
95
382
88
36
65
20
174
1,015
336
305
375
6
94
2
16
41
35
89
8
9
25
2
45
530
180
199
150
5
103
2
18
45
38
102
9
9
23
2
57
588
195
221
172
6
112
2
17
43
50
109
10
10
23
2
64
645
205
221
219
6
1,103
862
268
1969
1
34
126
67
40
26
214
53
16
37
1,851 56,996
751
11
12
324
35
37
C1)
1
1
221
34
103
36
3,104
158
140
78 14, 854
72
44
47 10, 758
31 4,097
28
259 9,454
238
61
70 2,794
715
18
20
51 2,079
43
475
95
135
68
177
634
37
81
101
24
390
1,147
274
32
841
13
112
18
17
26
51
588
184
28
128
181
66
331
82
65
183
2
123
17
18
29
58
638
208
30
121
200
79
372
90
70
213
2
319
53
64
76
168
24
144
152
25
126
159
27
132
819
138
681
1,166
995
298
223
133
66
Table 62A.—
Alaska
Table 62.—
Hawaii
60,102 62,585
883
847
334
340
7,816
636
113
128
201
193
929
48
127
200
39
515
2,222
530
485
1,208
23
4,670
2,460 83,067 88,863 94,118
7,276
1,695
149
1970
1971
2,244
133
1969
1970
1,536
9
35
120
1971
1969
2,047
322
4,221
1970
1971
8,470
288
3,998
1969
1970
9,245 4,757 5,043 5,470
9,071
95
64
73
93
57
14
18
12
12
20
1
2
C11)
C11)
(')
2
2
C)
C)
C)
14
15
16
12
12
567
605
293
282
310
2,303 2,128 1,392
1,415 1,519
1,664 1,475 1,041 1, 044 1,129
639
653
351
371
390
1,523 1,591
911
960 1,038
426
446
214
247
230
125
64
72
78
120
321
306
150
157
170
1,164
247
917
264
Table 61.—
California
1969
8,918
79
17
1
2
14
563
2,558
1,947
611
1,481
410
108
301
1,326
346
980
46
42
Table 60.—
Nevada
Table 59.—
Oregon
13,118 13,602 14,221
1. Less than $500,000.
NOTE—Detail .may not add to total because of rounding.
83
76
1969
Wage and salary disbursements
_
Farms
.
Mining
__
Coal mining
Crude petroleum and natural gas
Mining and quarrying except fuel
Contract construction
Manufacturing..
_'__ .
Durables
Nondurables.- _. _
Wholesale and retail trade
Finance, insurance a n d real estate _ _ _ _ _ _ _
Banking
. ._
Other finance, insurance and real estate
Transportation, communications and public
utilities
Railroad transportation.
.
Highway freight and warehousing
Other transportation
Communications and public utilities..
Services
Hotels and other lodging places
Personal services and private households
Business and repair services Amusement and recreation
Professional, social and related services
Government
Federal, civilian
Federal, military
State and local
Other industries
293
1970
1971
<2»
(1>
22
98
92
346
76
35
63
18
153
960
313
310
337
6
(1)
«1
1971
(1>
50
1
2,791
3,156
3,541
83
101
118
33
38
46
6,968
1,089
5,879
6,747
1,027
5,719
7,224
It 188
6,036
198
29
168
204
24
180
223
34
190
68
1
68
71
1
70
75
1
74
247
262 11,411 12,408 12,964
411
467
489
70
81
86
162
9,891 11,608
192
240
304
58
79
98
3,804
110
126
144
44
47
54
76
198
85
8,127
3,226
3,441
C)
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
SURVEY OF CURRENT BUSINESS
August 1972
31
Table 63.—Broad Industrial Sources oi Personal Income, by States and Regions, 1971
Table 70.—Industrial Sources ot Civilian Income Received by Persons tor Participation in Current Production1, by States and Regions, 1971
[Millions of dollars]
Table 63
Total
personal
income
State and region
Farm
income *
Table 70
Government
income disbursements 2
Federal
State
and
local
Private
nonfarm
income3
Total
Contract
WholeFarms Mining construc- Manu- sale and
tion
facturing retail
trade
TransFinance, portainsur- tion, comance,
munica- Servand real
tions,
ice
estate and public utilities
United States.
857,085
20,447
121,600
86,962
628,076
657,620
20,985
6,572
42, 193
180, 704
112,411
36,269
New England
53,507
324
6,945
4,996
41,242
40,321
334
37
2,815
12,467
6,719
2,568
2,466
3,416
2,877
1,650
93
17
68
594
442
223
339
235
178
2,390
2,183
1,181
2,476
2,183
1,276
95
18
70
2
4
7
182
163
112
736
717
328
431
371
196
109
115
59
26, 285
3,957
15,322
68
7
71
3,363
756
1, 567
2, 634
373
1,238
20, 221
2,821
12,446
19, 755
2,910
11, 721
70
7
73
12
2
11
1,352
184
823
5,517
938
4,233
3,412
496
1,813
201, 384
956
26,747
21,976
151,704
154,240
986
582
9,203
42,408
91, 742
35, 146
49,349
379
79
328
9,716
4,065
6.432
11, 980
2,969
4, 636
69, 666
28,031
37,954
68, 807
27, 817
38, 113
389
83
340
91
44
426
3,648
1,808
2,417
16,303
9,272
13, 420
2,610
18, 119
4,418
49
121
292
4,339
1,902
239
1,766
387
2,030
11, 893
2,130
1,968
14, 543
2,992
50
124
1
19
137
1,107
88
800
2,528
85
Maine
New Hampshire
Vermont
. ...
Massachusetts
Khode Island
Connecticut ._ .
Mideast...
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia
_
Great Lakes.
(3)
Government 2
Other
48,906 103,524 104,091
1,965
7,350
5,412
153
170
129
82
346
346
229
392
314
189
14
6
3
1,287
157
841
1,292
162
630
3,984
477
1,967
2,753
476
1,289
76
12
41
25,571
10,477
12, 114
27, 178
25,326
393
11,645
4,851
6,095
6,211
1,550
1,782
5, 685
2,342
2,835
13, 433
4,430
5,830
11,235
3,362
4,897
167
75
72
269
2,461
251
82
730
123
103
978
170
259
2,436
790
261
4,119
1,452
4
41
33
176,699
3,069
18,463
16,210
138,957
141,605
3, 145
753
8,593
53,430
22,941
6,333
9,494
18, 907
17, 734
275
Michigan. _
Ohio
Indiana. .
39, 850
44, 833
21, 120
293
471
655
3,865
4,983
2,284
4, 239
3,596
1,723
31,454
35,783
16, 458
32, 077
36, 183
17, 226
300
483
671
127
251
83
1,748
2,142
1,024
13, 868
14,283
7, 140
4,865
5,720
2,557
1,170
1,499
699
1,715
2,501
1,112
4,022
4,925
1, 916
4,208
4,301
2,000
54
76
26
Illinois
Wisconsin
53, 400
17, 496
1,021
628
5,419
1,912
4,825
1,828
42, 135
13, 127
42, 446
13,673
1,047
644
265
27
2,875
805
13,334
4,805
7, 590
2,208
2, 392
574
3,328
838
6,236
1,807
5,292
1,933
87
33
65,320
4,898
8,904
6,272
45,246
49,644
5,012
404
3,134
11,112
9,041
2,454
3,953
7,027
7,343
164
15, 564
11, 088
18, 687
763
1,137
684
1,722
1,356
2,722
1,672
1,082
1,611
11, 407
7,513
13, 571
12,304
8,463
14,110
781
1,163
700
155
29
82
866
500
864
2,950
2,061
3,728
2,316
1,467
2,685
637
389
729
923
558
1,275
1,839
1,077
2,078
1,806
1,180
2,035
30
39
34
2,222
2,321
6,077
9,460
393
435
687
799
410
397
850
1,446
232
243
580
851
1,186
1,246
3, 960
6,363
1,581
1, 693
4, 453
7,040
403
445
703
818
15
23
13
87
117
83
273
432
80
136
692
1,464
294
299
813
1,265
58
62
249
330
116
104
375
602
207
220
624
982
287
314
694
1,028
4
8
17
32
153,586
5,241
27,238
14,333
106,774
116,472
5,375
1,971
8,094
29,717
19,994
5,740
8,738
16,859
19,581
403
2,041
538
1, 076
3,771
616
1,184
34
5
16
Plains
Minnesota
Iowa ..
Missouri
North Dakota
South Dakota
Nebraska
Kansas .
Southeast. _ _
Virginia.
West Virginia...
Kentucky
18, 400
5,789
10, 830
236
22
496
4,959
966
1,845
1,690
574
958
11, 615
4,228
7,532
13, 938
4,413
8,276
243
22
507
156
538
316
950
370
596
2, 878
1,171
2,326
2,178
619
1,311
657
128
322
1,032
406
623
Tennessee. __
North Carolina.
South Carolina _ _ _ _ _
13,183
17, 661
8,274
319
737
228
1,951
2,530
1,584
1,261
1,590
710
9,652
12, 803
5,751
10, 468
13, 894
6,351
327
754
234
61
30
12
632
822
412
3,398
4,891
2,301
1,795
2,266
930
487
616
258
653
886
351
1,477
1,749
857
1,617
1,846
982
21
34
15
Georgia
Florida
Alabama
16,786
27, 611
10,765
551
770
349
2,674
4,844
2,096
1,559
2,509
1,070
12, 002
19, 488
7,250
13, 268
19, 403
8,256
564
793
358
58
90
78
799
1,786
475
3,473
2,713
2,458
2,571
3,977
1,290
752
1,371
346
1, 113
1,657
542
1, 769
3,765
1,115
2, 115
3,132
1,572
53
119
22
Mississippi
Louisiana
Arkansas..
6,273
12, 010
6,005
566
392
574
1,108
1,665
1,018
641
1,345
525
3,958
8,607
3,888
4,731
9,013
4,460
581
403
589
67
538
38
263
755
235
1,271
1,660
1,178
716
1,632
710
189
421
193
286
866
322
603
1,308
562
745
1, 394
607
20
35
27
62,456
2, 160
10,319
5,836
44, 141
46,676
2,219
1,868
3,401
8,839
8,824
2,593
3,622
7,265
7,896
148
9,140
42,582
384
1,345
1,777
6,562
914
3,681
6,065
30, 993
6,570
31, 998
393
1,382
371
1,085
396
2,262
1,146
6,665
1,128
6,327
327
1,827
552
2,524
933
4,933
1,300
4,895
24
98
3,448
7,287
169
262
739
1,241
469
772
2,071
5,012
2,559
5,549
173
271
160
252
183
560
162
866
402
968
112
327
197
350
488
912
674
1,026
7
19
Rocky Mountain
19,643
1,074
3,375
2,078
13,116
15,022
1,101
486
1,133
2,265
2,711
726
1,254
2,236
3,060
50
Montana
Idaho
Wyoming
2,575
2,511
1,331
281
281
86
436
384
209
273
245
154
1,584
1,601
882
1,911
1,967
992
288
289
89
56
33
111
132
137
93
211
336
67
327
346
152
74
77
34
179
142
108
261
277
130
375
319
205
8
11
4
Colorado
Utah
9,457
3,768
347
78
1,564
782
998
407
6,548
2,501
7,155
2,996
356
80
160
127
587
184
1,174
477
1,373
514
413
127
577
248
1,134
434
1,362
799
20
7
119,269
2,623
18,250
14,609
83,788
89,742
2,706
428
5,388
20,182
15,985
5,166
6,883
16,067
16,590
348
Washington
Oregon
14, 221
8,470
357
207
2,601
1,172
1,682
930
9,582
6,162
10,481
6,556
368
212
21
15
731
398
2,362
1,688
1,904
1,261
573
318
792
543
1,586
972
2,096
1,123
49
27
Nevada
California
2,460
94, 118
38
2,021
340
14, 137
250
11, 748
1,832
66, 212
2,005
70,700
39
2,087
36
356
175
4,084
87
16, 045
297
12,522
90
4,185
153
5,396
786
12, 724
336
13, 035
5
267
1,525
3,694
1
101
498
861
227
423
799
2,309
1,168
2,730
1
105
43
(3) -
136
295
69
214
162
464
39
173
131
253
140
496
429
719
19
11
South west. __
Oklahoma
Texas
New Mexico. .
Arizona.
Far West
Alaska. ... _ .
Hawaii
Footnotes to table 63:
1. Consists of net income of farm proprietors', farm wages, and farm other labor income
less personal contributions under the OASDHI program.
2. Consists of income disbursed directly to persons by the Federal and State and local
governments. Comprises wages and salaries (net of employee contributions for social insurance), other labor income, interest and transfer payments.
d. Equals total personal income less farm income and government income disbursements.
NOTE.—Detail may not add to total because of rounding.
Footnotes to table 70:
,
. , ,.
1. Consists of wage and salary disbursements, other labor income, and proprietors income.
2. Does not include earnings of military personnel.
3. Less than $500,000.
NOTE.—Details may not add to total because of rounding.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
SUKVEY OF CURRENT BUSINESS
August 1972
income change differential) in 13 of
Total personal income increases last these States and were of significance in
9 of the remaining 11. Changes in farm
year were below the U.S. average in the
income
were the overriding reason for
Mideast (6% percent), Far West (6 perthe -unusually large or small gains in
cent), and New England (5% percent)
total personal income in five of the 24
regions. Manufacturing payrolls were
States.
off at least moderately in each of these
regions, with the weakness concentrated States with large income gains
in durable goods. In two of them (New
There were five States with very large
England and Mideast), nonmanuf acturing income went up about as rapidly as personal income gains last year. These
it did in the Nation. In contrast, in the States/with gains ranging from 10 perFar West, the income weakness was cent to 17 percent, were North Dakota,
not industrially concentrated. In this Arizona, Colorado, Florida, and South
region the gain in most income com- Dakota. Another 10 States had gains
ponents was not as strong as the re- which were well above the national
average. These States, where gains
spective gain nationwide.
Reflecting the weakness in manufac- ranged from 9J/2 to 8% percent, were
turing, income increases in most service- Nevada, Utah, West Virginia, Alaska,
type industries in each of the three Mississippi, Tennessee, Delaware, Arregions were below the national average. kansas, Georgia, and South Carolina.
In New England, an especially large
Manufacturing payrolls in each of
increase in transfer payments helped to these 15 States rose at a rate well above
offset the sharp drop in manufacturing the national average, and gains in this
payrolls.
component played the key role in the
rapid rate of overall income expansion
Slate detail
in eight of the 15. These States were
At the State level, too, there was a Arkansas, Mississippi, Alaska, Nevada,
clear tendency for big percentage gains South Dakota, Delaware, Utah, and
in manufacturing payrolls to be associ- Colorado. In the remaining seven
ated with big gains in total income and States of the fadt-growing group, manufor declines (or very small advances) to facturing also played a significant
be associated with small gains in total although smaller role in income growth.
Farm income rose more rapidly
income (table A). Large changes in farm
income in States where agriculture is than in the Nation in 10 of the 15
important were significant in explaining States. However, in only two—North
the size of the overall income change in Dakota and South Dakota.—was a
big increase in farm income the key
those States.
Among the 24 States with the largest factor in the rapid rate of overall
(8% to IT percent) and smallest (4^> income expansion.
In 13 of these States, construction
to 6 percent) gains in personal income,
there were unusually large percentage rose more rapidly than in the Nation
gains or losses in manufacturing pay- as a whole. In seven of them—Arizona,
rolls in all but one. These changes Colorado, South Dakota, Teimessee,
played a key role (explaining two-fifths Georgia, Utah, and West Virginia—
or more of the State-Nation personal the gains were particularly large. In
Arizona and Utah the gains in contructioii combined with unusually large
gains in Federal Government payrolls
to account for the fast rate of total
personal income growth. In West Virginia, in addition to the increases
in manufacturing and construction,
there was a gain of more than 5 percent
in that State's large mining industry.
Reflecting the strength in these basic
industries, income in most service-type
industries tended to rise at a much
more rapid rate in the 15 fast-growing
States than in the Nation as a whole.
32
(Continued from page 23}
States with small income gains
The income gain in three States—
Iowa, Washington, and Connecticut—
was between 4% and 4% percent, well
below the national average of 7 percent.
In an additional six States—Ohio,
Minnesota,
Maine, Pennsylvania,
Texas, and California—the gains were
from 5% to 6 percent.
Manufacturing payrolls either declined or rose by much less than the
national average in eight of these nine
States. The weakness centered in durable goods production, where payrolls
declined in seven of these States. In
Washington and Connecticut the large
declines in manufacturing payrolls centered in the continued cutback in the
aerospace industry.
A large drop in farm income explains
the weakness of income expansion in
Iowa, and declines in farming also held
back the increase in personal income in
Texas and Minnesota. In all three
States, the gain in income excluding
farming was close to that recorded in
the Nation.
The industrial pervasiveness of the
income weakness in California and
Washington reflected the cumulative
direct and indirect effects of the cut
backs in the aerospace industry.
SUEVEY OF CURRENT BUSINESS
August 1972
33
Alternative Measures of Priee Change for GNP, 1969-72
THE implicit price deflator for GNP,
a byproduct of the calculation of constant-dollar, or "real", GNP, has been
used increasingly over the past several
years as a comprehensive composite
index of the prices of all the goods and
services that make up the GNP. Unlike most price indexes, which are constructed with fixed weights, the GNP
deflator is based on shifting weights
that reflect the shifting composition of
GNP. This was explained in an article
in the March 1969 SURVEY/ which
carried a table for the period 1965-68
comparing the quarter-to-quarter behavior of the implicit deflator with that
of alternative indexes of GNP prices
using fixed weights.
The fixed weighted price indexes
published in 1969 were based on 1958
weights and fourth quarter 1965
weights. New fixed weighted indexes
based on 1967 weights were published in the August 1971 SUEVEY,
which carried a table for the period
1965-71 showing quarter-to-quarter
percentage changes in the implicit
deflator, the fixed weighted index using
1967 weights, and the chain price index.
In the chain index calculation, quarterto-quarter percentage changes are
weighted by expenditures in the first
of the two quarters involved.
The tables presented here take account of the revisions of 1969-72
income and product data published in
July 1972. The data for 1965-68 published in the August 1971 SURVEY have
not been revised. The quarter-to-quarter
percentage changes in the implicit
deflators and chain indexes for total
GNP and for gross private product are
updated on an ongoing basis in table 19
of the national income and product
1. "Alternative Measures of Price Change for GNP" by
Allan H. Young and Claudia Harkins, SURVEY OF CURRENT
BUSINESS, March 1969. Reprints are available on request.
tables published every month in the
SURVEY.
Table 1 shows quarter-to-quarter
percentage changes in the various price
measures. Table 2 shows quarterly
values of the fixed weighted price
indexes calculated with 1967 weights.
The indexes are shown on the base
1958—100, the same base used for the
implicit deflators.
The fixed weighted index based on
1967 weights and the chain index increased at about the same rate as the
implicit deflator for total GNP in the
period 1965-70, although there were
occasional short-run divergences because of changes in the composition of
constant-dollar GNP, which affect the
implicit GNP deflator but not the fixed
weighted index or the chain index.
However, there has been a persistent
divergence during the past six quarters:
in every quarter from 1971-1 through
1972-11, both the fixed weighted index
and the chain index increased at a faster
rate than the implicit deflator. The
quarterly increase in the fixed weighted
index averaged 0.9 percentage point
greater (at an annual rate) than the
increase in the deflator for total GNP
over this period; the quarterly increase
in the chain index averaged 0.6 percentage point greater than the increase
in the deflator. This persistent di[In percent]
1967
1970
-IV
1972
-II
Federal general employee compensation—military.
_
1.98
1.67
1.24
Federal general employee compensation—civilian
.
. ._
1.83 1.66
1.50
State and local government expenditures for construction of highways
and streets
1.03
.90
.78
State and local government expenditures for construction of nonresidential buildings
.90
.75
.58
Private expenditures for construction
of industrial buildings
.
____
.75
.51
.30
vergence was due largely to a steady
decline in the weight of Federal general
government employee compensation in
total real GNP, resulting from a declining level of Federal employment,
particularly in the military. Because the
level of the deflator for Federal general
government employee compensation
is high relative to the average deflator
for total GNP, a decrease in the weight
of this item tends to hold down the level
of the implicit deflator for GNP, which
has the effect of holding down the rate
of increase in the implicit deflator.
The declining weight of Federal
general government employee compensation was not the only factor in the
divergence observed during the past si$
quarters. A similar, though less sharp,
pattern of divergence can be seen in the
measures of price change for gross
private product (GNP less output of
general government, represented by
compensation of general government
employees). In this case, the fixed
weighted index increased faster than the
implicit deflator in each of the six
quarters, with the excess averaging 0.6
percentage point (at an annual rate),
and the chain index increased faster
than the deflator in each of the quarters,
with the excess averaging 0.4 percentage point. This divergence resulted
from a decline in weights of components
of gross private product that have
relatively high deflators. Declining
weights for output of highways and
streets and nonresidential buildings
purchased by State and local governments and for output of private
industrial buildings have had the largest
effects on the private GNP deflator
over this period. The weights (i.e.,
shares of constant-dollar GNP) of
these items and of Federal general employee compensation are shown here
for the year 1967, the fourth quarter of
1970, and the second quarter of 1972.
SUEVEY OF CURRENT BUSINESS
34
August 1972
Table 1.—Price Changes as Measured by Implicit Deflators, Fixed Weighted Price Indexes, and Chain Indexes, Quarterly, 1969-1—1972-11
[Percent change at annual rate]
1£)69
I
Gross national product
. __ _ _
Personal consumption expenditures
Durable goods
Nondurable goods
Services
- . __ _
Gross private domestic investment
Fixed investment
Nonresidential -Structures
-Producers' durable equipment
Residential structures
Change in business inventories
Net exports of goods and services
Exports
Imports
Government purchases of goods and services
Federal ..
_
State and local
Addendum:
G rbss private product
-
_ __ ..
- --
Implicit
deflator
1967
weights
II
Chain
III
Implicit
deflator
1967
weights
Chain
Implicit
deflator
1967
weights
IV
Chain
Implicit
deflator
1967
weights
Chain
4.22
4.55
4.50
5.49
4.90
4.89
6.13
6.71
6.57
5.48
5 43
5 30
3 68
1.55
3.29
5.45
4.11
1.67
3.53
5.61
4.05
1.47
3.51
5.61
5.14
3.32
5.49
5.17
4.96
3.27
5.51
5.00
4.93
3.34
5.47
4.98
5 49
3.04
5.28
5.95
5.49
3.26
5.58
6.19
5.39
3.09
5.46
6.21
5 08
1.50
5.56
5.75
5 30
1.77
5.75
6.08
5 23
1.87
5.64
6.07
5.64
4.80
12.68
1.83
8.04
5.86
5.16
11.74
1.84
8.15
5.82
5.04
11.40
1.85
8.13
4.97
5.29
7.57
3.74
4.07
4.77
5.03
6.56
4.22
3.92
4.74
5.02
6.61
4.22
3.91
5.93
5.91
8.08
3.94
7.94
6.10
5.46
7.10
4.59
8.18
5.99
5.24
7.04
4.30
8.17
4.54
5.11
9.39
3.35
5.55
5.59
5.67
9.66
3. 56
5.33
5.47
5.51
9.67
3.29
5.34
2.26
2.91
3.19
2.22
3.19
2.15
1.57
2.09
.42
3.07
.45
3.07
7.54
6.06
7.78
5.59
7.78
5.58
10.04
11.72
9.82
11.57
9.82
11.58
5.12
3.10
6.10
4.69
2.62
6.79
4.68
2.52
6.77
7.08
6.88
6.01
5.50
4.23
6.77
5.54
4.35
6.64
10.44
16.44
4.70
9.97
15.04
5.15
9.75
15.14
5.13
5.96
5.04
6.39
5.87
4.72
7.05
5.80
4.64
6.82
4.22
4.53
4.46
5.54
4.92
4.90
4.90
5.59
5.50
5.32
5.40
5.26
Table 1.—Price Changes as Measured by Implicit Deflators, Fixed Weighted Price Indexes, and Chain Indexes, Quarterly,
1969-1—1972-11—Continued
[Percent change at annual rate]
1970
I
Gross national product
Personal consumption expenditures _
Durable goods
Nondurable goods _ _
__
Services
Gross private domestic investment _ i
Fixed investment _
Nonresidential
_._
Structures
Producers' durable equipment-Residential structures
Change in business inventories
.
Net exports of goods and services
Exports
_
Imports..
.
Government purchases of goods and services _
Federal
State and local _
Addendum:
Gross private product
_
Implicit
deflator
1967
weights
6 55
5 99
II
Chain
5 83
IV
III
Implicit
deflator
1967
weights
4 30
5 13
Chain
5 09
Implicit
deflator
1967
weights
Chain
Implicit
deflator
1967
weights
4 04
3 68
3.54
6 46
5.51
5.62
4.69
6.61
3.35
5.38
Chain
15
44
02
88
3 46
3 38
2 68
4 14
3.40
2 77
2 80
4 26
3.39
2 75
2. 79
4 23
5.52
7 24
3 31
5 24
4.70
6 92
3.34
5 37
5 04
6 26
11 29
3 56
1. 15
4 92
6.11
10 90
3 56
1.15
1 71
4 68
7 05
4 43
—8.56
2 06
5.43
7 78
4.13
-8.53
2 07
5.33
7 62
4.08
—8.52
11 26
10.75
12 95
6. 98
10.16
9.51
9.30
14 44
6.47
10.26
9.47
9.24
13.79
6.84
10. 26
6.85
5.90
6.73
5.66
6.72
5.70
4.29
11.95
4.23
11.98
4.23
12.00
—.93
-1.33
-.68
-1.07
-.69
-1.06
11 35
14.56
8 62
10 15
11.14
8 04
7 61
6.65
8 59
7 54
6 59
8 35
8 79
7 66
8 96
6 95
4.67
9 29
6.96
4.65
8 83
6.41
4.39
7 57
5.66
3.77
7 58
6.02
4.03
7.56
4.55
3.72
4.59
4 55
3 82
3.33
3.15
6.31
5.46
5.55
4.92
2 45
4.91
5 27
4 85
1 87
5 29
5 42
4 75
1 88
5 18
5 38
3 89
1 83
4 07
4 73
4 28
5 74
6 33
5 30
—1.55
3 24
4.74
5 55
4.30
—1.51
3 35
4 87
6 06
4 22
—1.51
4 20
5 56
9 go
3 58
1.25
2.47
5.23
2.54
5.39
2.55
5.41
13 15
17.46
8 64
11 41
14.26
8 61
5.28
4.67
4
2
3
4
14
53
95
90
4
2
4
4
SURVEY OF CUEEENT BUSINESS
August 1972
35
Table 1.—Price Changes as Measured by Implicit Deflators, Fixed Weighted Price Indexes, and Chain Indexes, Quarterly,
1969-1—1972-11—Continued
[Percent change at annual rate]
19 71
I
II
Implicit
deflator
1967
weights
Chain
III
Implicit
deflator
1967
weights
Chain
Implicit
deflator
IV
1967
weights
Chain
Implicit
deflator
1967
weights
Chain
5.90
7.04
6.84
4.36
4.73
4.63
2.88
3.53
3 44
1 50
2 50
2 11
Personal consumption expenditures
Durable goods
- - - Nondurable goods
Services
-
3.94
5.28
2.89
7.43
5.34
7.00
2.85
7.38
5.19
6.07
2.79
7.38
3.66
2.79
3.44
4.16
3.58
1.91
3.70
4.03
3.50
1.79
3.59
4.03
2 67
-1.66
3 13
4.93
3 35
-1.77
3 22
5.25
3 35
-1.51
3 24
5.27
1 18
-4.97
2 65
2.16
1 51
—3 71
2 48
2.29
1 39
—3 85
2 47
2 32
Gross private domestic investment
- - Fixed investment
Nonresidential
- - - - - Structures
- Producers' durable ecruipment
Residential structures
Change in business inventories
-
5.51
4.95
6.40
4.30
6.12
5.35
5.15
5.20
5.13
6.01
5.53
5.36
5.85
5.08
6.01
7.22
6.27
13.94
3 69
8 37
7.37
7.08
12.65
3 97
8 36
7.55
7.25
13.02
3 99
8 37
5.20
4.84
14.27
1 18
5 02
5.81
6.03
13.09
2 04
5 07
5 74
6.00
13. 65
1 79
5 06
—1 13
— 1 47
7.04
—2 88
— 82
1 23
1 84
8 34
—1 93
— 86
7 52
—2 78
— 85
12.84
8.24
12.70
8.59
12.72
8.57
2.16
3.35
2.59
3.60
2.60
3.57
.21
5.36
-.39
5.31
- 33
5.29
1 19
1 92
2 23
1 44
2 22
1.42
12.04
19. 77
5.95
11.62
17.03
6.44
11.34
18.11
6.50
5.76
3.40
7.38
6 42
4.20
8.71
6 45
4.31
8 05
1 32
-1.90
3 90
3 93
3.81
4 05
3 94
4.11
3 82
2 32
2.59
2 04
5 54
7.40
3 70
5 12
7.59
3 36
4.76
5.53
5.48
4.29
4.56
4.44
2.79
3.53
3 44
1.02
1.67
1.42
Gross national product
Net exports of goods and services
Exports
Imports
-
_ _ . _
Government 'purchases of goods and services
Federal
- - - _ State and local
Addendum:
Gross private product
--
--
-- -
-
37
88
1972
I
Implicit
deflator
Gross national product
Personal consumption expenditures.
Durable goods
_ .
Nondurable goods
Services
- . . _ - _ - - --.
_..
Gross private domestic investment
Fixed investment
Nonresidential
Structures <Producers' durable equipment
Residential structures
Change in business inventories- ...
..
Net exports of goods and services
Exports
Imports - - - _ - _ - Government purchases of goods and services
Federal
State and local
Addendum:
Gross private product
II
1967
weights
Chain
Implicit
deflator
1967
weights
Chain
5 15
6 11
5 65
1 84
3 02
2 74
2
4
3
2
93
98
29
43
3
5
4
2
61
42
03
61
3
5
3
2
52
25
79
64
2 25
1 41
2 38
2 82
2 53
1 09
2 56
2 99
2 49
2 99
8 73
8.04
10 64
6 62
9 82
8
7
10
6
9
39
98
28
57
81
8
8
11
6
9
55
01
11
34
80
4 47
3.77
7 68
2.91
6 27
5
4
7
3
6
4
4
7
2
6
2 45
96
14
81
73
02
25
94
35
14
82
29
3 53
6 35
2 51
7 22
2 51
7 22
5 45
12 71
5 67
12 62
5 67
12 62
11 35
17 49
7 10
12 19
16 92
7 55
11 09
17 00
6 99
2 86
4 13
1 96
4 29
6 03
2 52
4 15
5 93
2 85
4 21
4 53
4 43
1 74
2 45
2 26
Table 2.—Fixed Weighted Price Indexes, 1967 Weights, 1969-1—1972-11
[1958=1001
19 59
I
II
19 70
III
IV
I
II
19 72
19 71
III
IV
I
II
HI
IV
I
II
125 997
127 512
129 598
131 322
133 245
134 923
136 147
137 985
140 351
141 983
143 219
144. 105
146.258
147.351
Personal consumption expenditures
Durable goods
_
Nondurable goo ds _ .
Services
121.590
105 184
119 945
130 625
123.072
106 032
121 563
132 227
124.728
106 885
123 224
134 227
126.349
107 354
124 958
136 223
127.853
107 853
126 579
138 033
129. 158
108 529
127 812
139 694
130.243
109 273
128 696
141 156
131. 747
111 117
129 758
143 016
133.470
113 013
130 673
145 584
134.649
113 550
131,865
147 030
135.762
113 043
132. 912
148 923
136. 272
111. 980
133. 730
149 769
137.486
113. 467
135. 056
150. 736
138.353
113. 774
135. 912
151. 860
Gross private domestic investment
Fixed investment.
Nonresidential
.
Structures
Producers' durable equipment. _ .
Residential structures
Change in business inventories
124 397
121 444
137 061
114.467
135 013
125 853
122 943
139 255
115. 655
136 316
127 729
124 588
141 662
116.959
139 022
129 478
126 317
144 966
117.985
140 840
130 513
127 789
146 938
119. 233
140 307
132 129
129 742
150 919
120. 281
140 708
132 805
131 469
153 771
121. 504
137 609
135 856
134 423
159 044
123. 423
141 Oil
137 637
136 122161 071
124.975
143 081
140 105
138 471
165 940
126. 198
145 981
142 099
140. 513
171 123
126. 838
147 798
142. 532
141. 157
174 586
126. 221
147. 479
145. 432
143. 891
178. 910
128.246
150. 971
147. 264
145. 592
182. 272
129. 204
153. 277
Net exports of goods and services. .
Exports....
Imports
_
112 756
108 965
112 875
109 791
115 008
111 293
117 734
114 381
118 475
115 892
120 419
117 499
121 672
120 871
121 466
120 547
125 153
123 056
125 956
124 148
125 835
125 764
126. 532
126. 214
127. 317
128.433
129. 085
132. 307
Government purchases of goods and
services
Federal. _.
State and local. . . .
140 645
131 488
151 076
142 539
132 855
153 569
145 967
137 590
155 509
148 065
139 186
158 179
152 119
143 902
161 478
154 932
146 237
164 838
157 557
147 915
168 541
159 742
149 291
171 646
164 192
155 278
174 346
166 766
156 884
178 025
168 382
158 357
179 801
170. 667
161 208
181. 443
175.646
167. 633
184. 774
177. 501
170. 106
185.926
125 472
127 134
128 594
130 045
131 113
132 867
134 668
136 178
137. 364
137. 935
139.472
140. 321
Gross national product. _
Addendum:
Gross private product...
122. 301 < 123
778
36
SUEVEY OF CUKKENT BUSINESS
August 1972
Sources and Uses of Funds of Nonfarm Nonfinaneial Corporations; Size and
Composition of Personal Saving
REVISED estimates of the sources and clude their publication at this time.
uses of funds of nonfarm nonfinancial Tables are available upon request from
corporations are shown in table A the Flow of Funds Section of the
below, and revised data on the volume Board of Governors of the Federal
and composition of personal saving in Reserve System, Washington, D.C.
table B. The source of these statistics 20551.
is the Flow of Funds accounts prepared
Tables A and B bring the estimates of
by the Board of Governors of the internal sources, personal saving, and of
Federal Reserve System. The tables physical asset purchases into line with
here show the data only from 1967 the revised 1969-71 national income
onward. While revisions have been and product data published by BEA in
made by the Federal Reserve for years the July SURVEY.
prior to 1967, space considerations preData in the format of table B were
formerly prepared by the Securities and
Exchange Commission, and BEA used
to publish those data in table 5.7 of the
national income and product accounts
in the July SURVEY each year. The
preparation of such data is now done by
the Federal Reserve in conjunction
with the Flow of Funds accounts. BEA
intends to publish each year in the
August or September SURVEY an updating of the data in table B to incorporate the annual revisions of the
income and product accounts.
Table A.—Sources and Uses of Funds, Nonfarm Nonfinancial Corporate Business, 1967—71
[Billion of dollars]
1967
1968
1969
1970
1967
1971
I
II
1969
1968
III
IV
I
II
IV
III
I
II
1970
III
IV
I
II
1971
III
IV
I
II
III
IV
Seasonally adjusted at annual rates
Sources, total
Internal sources *•
Undistributed profits 1
Corporate inventory
valuation adjustment
C apital consumption
allowances *
External sources. _ _ _
Stocks
Bonds 2
.
Mortgages . _ _ _
Bank loans, n.e.c
Other loans
Trade debt
Profits tax liability
Other liabilities.. .. .
Uses, total
59.8
58.2
62.1
66.6
67.2
72.4
13.5 12.6 11.5
11.7
7.4
12.0
14.5
14.8
16.4
60.8 59.1
67.1 60.5
60.4
61.8 63.1 58.7
62.7
63.4 62.1
60.7
61.8
62.6
21.1
19.9
16.0 10.8
14.5 20.5
i
-1.1 -3.3 -5.1 -4.4 -4.7
20.2
20.2 23.6 20.5
20.6
18.8 19.8
18.7
17.6
14.4
n
-4.2 -5.9 -5.1 -2.4 -7.1 -6.4 -3.7 -4.6 '-2.8 -4.7 -4.4 -5.8
-3.9
-.8
-.4 -3.3 -5.5 -2.7
41.5
45.1
49.9 52.7
57.3 40.2
41.0
41.9 42.8 43.7
44.7
45.5 46.4
47.9
49.4
50.6
51.5 52.1 52.4
52.7
53.5
54.8
56.5
58.2
59.9
37.3
48.1
56.9 43.4
59.6 25.6
22.4
43.1 57.9 46.2
46.8
44.3 55.0
61.2
50.9
59.7
56.0 47.8 52.4
33.0
40.0
56.1
55.6
68.0
57.9
9.0 15.7
9.6
5.0
5.6
9.1 6.3 6.2
.1 2.4
14.7 11.1 11.5 10.9 14.1 20.9 22.2 23.8 24.1 20.1
7.2
4.2
5.1 4.4 4.1
5.6
8.7 11.1
5.1 4.7
2.8
14.6 12.5 10.6 10.5 4.9 9.7 -3.1 -2.5 -1.3
3.2
5.1 -1.2
8.0
6.0
9.4
5.6 6.7 4.9
5.0
.4 -2.1 6.8 -1.5
16.1 15.3 18.7 10.8 8.3 4.4
.1 -1.1 3.0 10.0
1.8 -7.3 -3.8 -3.9 -4.8 -5.0
5.0
.8 -1.4
2.8
7.8 7.8 7.3 -.3 -1.0
3.8
17.0
14.9
13.3
11.4
.8
2.8
1.9
5.8
12.1
18.5
11.6
.4
.2
48
1.1
9.3
2.3
14.7
4.5
6.8
1.4
7.5
-4.7
4.9
-.8 4.3 6.8
12.9 12.1 20.3
5.8
4.8 5.3
9.3 12.1 2.3
3.6
7.0 5.2
10.4 15.2 2.8
2.9 -3.3 -2.7
4.1 4.8 3.4
13.4
.9
2.8 3.6 1.3
1.9
19.4 13.4 13.3 17.8 14.3 11.2
5.1 4.6 5.3
4.7
11.2 3.6
4.1 8.6 5.7
3.3 8.3 6.0
1.2 4.3
1.1 -1.6
1.8 3.7
4.9
8.0 13.2 8.1
3.4 3.7
3.2 8.5
4.0 -8.1 -13.0 -1.0
3.5
8.0 8.6 2.5
3.6 -.6
-.6 -1.9 -2.2
12.6 13.1 14.7
5.6
6.0 6.4
6.8
9.9 14.8
2.7
5.6 2.2
11.2
9.7 12.5
3.4 -2.7 2.2
5.1 4.5 4.4
99.5 105.2 95.5 106.9 76.2
72.2
94. 9 111.8
95.5
99.0
95.1 108.5 110.8 101.7 110.4
98.0 102.0 107.3
84.1
88.3 105.9 110.8 108.5 101.7
76.2
84.0 84.6
85.2 73.1
68.5
72.2 74.1 70.5
76.6
76.8 80.6
81.9
81.1
88.1
84.9 80.8 85.2
88.2
84.3
82.4
87.6
83.2
87.7
_ . 62.5
2.3
67.4
2.3
74.3 76.5
3.0 3.4
78.8 62.1
5.3 1.4
61.8
2.4
62.4 63.6 66.5
2.5 2.7 1.7
65.7
2.4
67.6 70.0
1.5 3.3
72.8
3.4
70.8
2.9
76.6
2.6
77.0 75.9 77.1
3.1 3.1 2.8
78.7
3.8
74.0
4.0
76.4
4.9
78.6
5.1
78.8
5.7
81.5
5.4
7.3
6.4
2.2
8.5
5.8
7.4
8.9
1.8
5.7
6.3
1.0
6.7
4.8
1.1
9.7
4.4
Increase in financial assets
16.8
23.3
21.1 10.9
21.7
Liquid assets
Demand deposits and
currency
.
Time deposits
U.S. Government
securities
Open-market paper
State and local
obligations ... _
Consumer creditTrade credit
Other financial assets 2
4.8
5.3
-.5 -1.0
10.6 -5.2 -3.3
.
1.5
2.1
1.1
1.5
.4 -2.4
.3
1.7
-2 3
3.8
.9 -1.3 -2.9
2.5
2.7
.6
-.3
.9
7.7
3.5
.5 -1.0 -.6
1.7
1.3 1.4
13.9 17.3 6.2
2.4
3.0 4.3
3.1
4.5 -2.2
.6 2.7
3.7
7.2
7.7
22.7 37.8 25.0
22.4
10.9 17.1 12.2
2.8
.6
2.6
1.9 -.8
.6
1.9
5.4
1.8
2.7 -7.2 -5.5
1.8 2.6 -.2
-.4
5.0
1.0 -1.2
2.0
.8
4.0 3.4
5.1 4.1
.8
-.9
.3
1.0
7.6 14.8
3.1 5.7
-.1
1.1
5.0
.9
4.0
7.7
2.3
.7
4.3 -1.3
4.1
3.4
7.7
7.3
18.3 27.9
.4
1.8
.7
6.5
28.9
20.5
22.3
6.5 -2.4 -1.9
4.8
5.3
-.1 1.0
.1 2.3
13.1 21.2 22.2 -4.1
4.0
23.6
23.2
9.0 -10.9
-.7
7.9
13.7
13.6
-3.5 -1.6
.4
4.6
.8
3.2
4.9 -3.8 -2.0 -3.9 -3.3 -1.7 -3.0 -3.9
5.0
.7
2.5 3.6 9.1 -8.4 -1.9
2.5
-.7 -1.2 -1.0 -1.0 -.5
1.4
.9
.9 1.3
1.5
16.7 18.0 19.4 15.1 15.4
.6 6.0
4.1 4.1 3.3
-9.9 -10.3 -12.5 -6.9 -19.8 -9.9 -10.6 -10.0 -9.1 -9.5 -10.4 -12.6 -8.6 -11.1
-11.1
-11.9
4.0 -1.2 -
25.3
.3
2.5 -.6
1.6 -1.3 3.5
.0
1.0 -1.8 -1.2 -3.0 -3.6 -.8 -.2
4.0 -2.2 -2.2 2.3
1.4
2.0 1.1
1.6
9.2 15.0 13.0 18.6
2.1 3.1 2.9 1.6
1. The figures shown here for "internal sources," "undistributed profits," and "capital
consumption allowances" differ from those shown for "cash flow, net of dividends," "undistributed profits," and "capital consumption allowances" in the gross corporate product
table (p. 13 of this issue of the SURVEY) for the following reasons: (1) these figures include, and
the statistics in the gross corporate product table exclude, branch profits remitted from foreigners, net of corresponding U.S. remittances to foreigners; (2) these figures include and cash
flow in the gross corporate product table excludes the corporate inventory valuation adjust-
58.0 58.3 60.2
61.7
. ... 88.8
Discrepancy (uses less
sources)
_
98.2 118.2 122.2 135.2 130.4
82.8 104.9 121.0 105.0 109.5 107.7 117.1 121.9 112.8 122.3 114.0 106.1 112.6
Purchases of physical assets. _ 72.0
Nonresidential fixed
investmant
Residential structures
Change in business
inventories. _ . ..
92.7
98.7 109.8 117.6 102.5 126.7 86.1
61.5
1.5 -4.5
1.5
1.6
2.5
6.5
2.6
5.3
-15.9 -4.1 -5.2
1.0
1.3
.3
3.1
4.1
2.2
8.3
4. 8
.7
14.0
7.4
4.1
1.6
2.5 -6.9
4.9
-.8
1.4 -5.3
3.6
4.9
3.1
6.2
1.0
1.9
1,8
5.8
1.0
1.9
3.6
6.2
1.0
1.9
2.8
2.0
1.0
1.5
7.9
6.4
-8.6 -10.0 -12.3 -11.4
-26.7 -28.6
ment; and (3) these figures exclude and the gross corporate product figures include, the internal funds of corporations whose major activity is farming.
-. .
2. Foreign investment excludes amounts financed by bond issues abroad, and bond issues
outside the U.S. are excluded from financial sources of funds above.
Source: Board of Governors of the Federal Keserve System.
SURVEY OF CURRENT BUSINESS
August 1972
37
1
Table B.—Amount and Composition of Individuals' Saving, 1967-71
[Billions of dollars]
1
1967
1967 1968 1969 1970 1971
I
II
1969
1968
IV
III
I
II
III
IV
I
II
1970
III
IV
I
II
1971
III
IV
I
II
88.5
87.9
99.0
0,
IV
Seasonally adjusted at annual rates
I
• 2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
Increase in financial
assets
Currency and demand
deposits
Savings accounts
Securities
U.S. savings bonds. _ _
Other U.S. Treasury
securities
U.S. Government
agency securities. - - State and local
obligations
Corporate and foreign
bonds
--Commercial paper
Investment Co. shares
Other corporate stockPrivate life insurance
reserves
Private insured pension
reserves
Private noninsured
pension reserves
Government insurance
and pension reserves...
Miscellaneous financial
assets^.
65.
72.
62.
-4.
11.
34.
12.
30.
3.
3.
6.
6. 44.
27. \ 5.
-2.
1.
i »
4.
-2.
2.
-6.
Capital consumption
allowances
9.
39.
-12.
1.
2.
8. -7. -19.
-5.
1.
4.
2.
-5.
7.
2.
4.
4.
5. 12.
i
2.
5.
2.
4.
5.
12 \ -9. -5.
7.
-3.
1.
-6.
Nonfarm homes
Noncorporate business
construction and
cquipmen t
Consumer durables
Inventories
Increase in debt
45
Personal saving, national
income and product account basis
-- -- -
46
Difference (45—44)
1.
-4.
4.
11.
34.
10.
-3.
-2.
2.
2.
6.
2.
-2. -1.
73.
69.
64.
89.9 106.
10'.
-2.
13.
13.
9.
-5.
43.
5.
6.
30.
7.
20.
28!
3.3
8.
47. G 70.
7. -4.
10.
2.
12.
6.
5.
5.
1.
5.
9.
4.3
4.
8.
8.
4.
2.
-4.
-4.
90.
106.1
5.3 15.1 8. -1.
11.1
60.2 100.9 65.
57.
70.6
-9. -63.5 -6.2
3. -10.8
1.7
1.9
2.7
2.
2.6
-20.8 -40.7 -11.3 -16.4 -9.0
-3.5 -18.4 -4.5
-1.2
2.
-2.
9.
7.
4.
2.
3.
8.
i » -4.
A
2.
1.
-3!
4.
4.
2!
3!
1.
3.
-7. -6.4 -10.2 -2. -6. -9.
4.
-18.
12.
1.
5.
-15.
3.
-1.
5.
-12.
5*.
6.
-11.
4.
4.
4.
4.
5.0
4.
4.8
5.0
5.5
6.1
6.6
6.
6.8
2.
2.
2.
3.0
3.
3.3
3.3
3.3
3.3
3.3
3.3
3.3
A
s'.!
9. 10.
9.
14.
5. 12.
5.
4.
-6. -8. -8.
7.3
16.
Q '
-18.
3.
5! 8
2. 2
-3.6
1.6
5.0
15.5
1.6
11.2
4.5
7.
3.0
9.
7.0
-4.
2.7
-2'.0
2.
-12.9 -3.4 -2.
3.1
-4.0
2.5
-7.8
5.
6.
5.
4.8
4.8
4.
4.
4.
4.
3.3
2..
2.
2.7
2.
2.
2.
3.
6.
6.
6.
7.
7.3
5.
6.
6.6
7.2
5.8
6.
6.3
7.4
3.
7.8
6.
7.8
6.8
5.9
7.0
8.8
8.2
7.5
5.
8.2
5.
6.
6.
9.
9.8
4.
5.2
5.2
7.0
5.
6.
6.2
6.
5.
7.4
8.
4.7
7.3
12.5
8.4
8.8
10.3
10.8
8.
9.5
4.
5.
4.
6.
6.5
5.
3.4
4.3
5.8
4.4
6.
5.8
5.
4.
5.9
3.
6.4
5.
5.1
8.3
6.1
7.6
3.4
7.7
7.4
134.3 135.
141.
132.5 143. 140.
22.
19.
167.7 109.5 114.5 119.3 123.4 128.6 131.
25.8
17.0
21.
25.6
73.
26.7 29.2 30.6 35.8
84.0 90.8 90.5 103.5
1.1
2.5
86.9
95.3 104.5 112.2 121.2
21.4
20.2
22.
23.3 22.
24. 7 25.6
69.8 73.6
26.0 26.1 26.5 26.3
73.7 75.3 80.4 82.4
1 4 2.3
1.0
26.6
86.3
27.8
87.0
28.
90.
1.2
28.6 29. 30.5 30.4
91.0 90.6
90.2
1.8
84.3 85.8
87.7 89.8 92.1 94.
96.3
98.7 101.
15.
19.8 20.
138.7 159.0 164.9 172.5 174.2
19.3
18.3
20.7
22.3
30.2
91.6
1.0
30.8
92.6
31.1
87.5
— 6
33.1 35.1 37.2 37.9
99.8 101.9 106.1 106.1
2.7
39
2.5
1.0
25.3
26.
29.2
103.6 105.7 107.6 109.4 111.1 113.1 115.2 117.8 119 9 122.3 124.8
8.2
8.4
8.5
8.6
8.9
8.9
9.0
9.1
9.3
9.3
9.4
9.5
17.9 18.2
58.7 59.8
18.5 18.8 19.1 19.4
61.2 63.0 64.8 66.5
19.8
68.2
20.2
70.0
20.6
71.9
21.1 21.5 21.9 22.2
73.9 75.5 76.9 78.3
22.4
79.8
22.7
81.4
23.0
83.1
23.7
84.8
24.2
86.4
24.8
88.1
25.4
90.0
25.2 28.7
77
78
79
8.0
8.1
8.7
8.7
8.8
31.6 33.6 36.5 37.3
38.0
37.3
40.5
40.1 38.6 34.9 31.1
31.0
29.0
23.5
41.2
45.0
50.1
49.3
7.3
10.2 11.7 12.9 13.4
13.0
11.7
13.6
14.7 13.8 11.0 11.2
10.3
9.2
11.6
12.9
16.0
17.3
19.7
11.3
16.2
25
6.8 7.4
11.] 13.8
7.5 7.3 7.4 7.0
12.5 12.3 15.6 15.9
14 2 3
10
6.8
18.1
7.6
17.0
.8
7.6
18.2
12
17.;
8.0 8.6 8.3
15.1 14.5 11.9
1.8
7.8
11.9
1.0
8.1
11.2
8.]
o
9.4
15.0
3.9
11.0
15.5
2.7
12.4
18.0
2.5
12,5
16.2
1.0
43.3 41.6 32.8
59.6
25.4 28.1
36.2 44.5 33.3 45.7
42.0
51.0
40.5
44.1 38.4 41.7 28.7
29.2
41.6
32.8
40.7
59.0
64.2
73.7
14.9 16.2 12.5
24.5
7.2
7.9
12.6 14.3 15.3 14.5
16.8
17.0 16.2 14.9 11.6
12.0
13.6
12.9
13.9
23.4
29.1
31.7
6.6 6.9 8.0
11.1 9.3 4.3
2.1 -2.5 -1.9
1.3 2.6 2.3
7 4 9.0 7.5
11.3
10.4
2.1
10
10.3
6.4
3.1
1.0
12
6.6
6.6
4.0
2.9
1i
5.6
6.7
6.0 6.7
7.3 4.8
6.2
1.1 -5.0 -4.2
27
2.6 3.0
9.9 7.6
5.8
9.1
9.6
11.3
9.0
3.0
12.2
12.6
.6
11.4
8.7
11.4
14.5
3.0
10
12.2
66.3 59.6 82.9
83.1
85.1
76.5
81.7
29.8
37.2 38.5 28.7
46.4
9.2
12.8 13.3 10.6
16.5
7.3
12.4
.9
7 1 7.9
16.7 16.2
6 1. 1
8.1
9.9
33.7
61.9
143.7 144. 142.5 140.5 142.2 142.
18.1 19.8 21.0 21.
15.
6.6
9.2
9.8
16.7 16.2
9.9
16.2
6.0
2.5
2.5
7.4
76.8 59.7
4.1
5.2
11.1 13.8
7.5
7.3
7.7 6.8
11.8
9.9 10.2 8.6
5.4 -3.8 -2.0 -5.1
1i 18 2 6 3 4
8.7 8.6
9.8
8.5
59.7 51.4 68.0 69.6
69.1
58.6
52.6
6.2
6.2
6.1
5.5
12.5 12.3 15.6 15.9
18.1
17.0
18.2
5.2
7.0
5.5
49.5 73.9 62.6 67.0
7.4
8.8
10.3
10.8
8.5
9.5
15.0
15.5
18.0
16.2
3.4
4.7
1.7
.0
.0
.0
.0
61.0 39.5
40.4 29.1 44.3 45.8
42.6
32.1
39.3 37.6
41.2 43.3 41.2 44.6
35.9
.8 14.2 -3.1 -1.2 -6.7
41.2 34.2 63.1
56.5
40.4
39.8 38.2 54.9
60.9
4.5 -21.7 -1.9
88.5
4.4
2.2
42.5
79.2
8.4
.0
1.7
94.1
Q
11. 2
1. 7
.0
7.3
16
7.1
i.i
12.5
.0
1.3
-.1
4.7
91.7
10.2
10.2
4.0
1.8
9
9.8
17.1 15.1 14.5 11.9 '11.9
2.6
.8
.0
4.0 -8.2
15.5
6.1
12.9
-. 1
14
7.5
3.0
.8
-2.1 -1.4
14.3
-.1 -.1
.9
.0 -.2
.0
7.6
6.5
9.4
6.7
15
7.0
7.6 7.5 6.3
5.4 5.1 9.0
4.1 5.1 -3.5
8
8 1i
5.6 11.6 5.2
1. Combined statement for households, farm, and nonfarm noncorporate business.
Source: Board of Governors of the Federal Reserve System.
18.
35.
-6.
53.
3.
Less: Government insurance and pension
5.4
reserves
Net investment in
consumer durables. 12.4
Capital gains dividends from investment companies .. 1.7
Net saving by farm
i
corporations
..
Equals personal saving,
flow of funds account
basis
1. -1.
8.
11.
30. ( 21.
20.
52.
2.
Mortgage debt on non10.5
farm homes. Noncorporate business
mortgage debt ... _ _ 7.0
Consumer credit
4.6
3.3
Security credit _ ..
1.0
Policy loans
7.3
Other debt
44
" 4.
6.
36. < 24.
4.
1.
1.3 i
72.
4.
9.4
7.8
8 3 8.7 9.0
Nonfarm homes
Noncorporate business
plant and equipment.. _ 18.4 19.6 21.3 22.6 24.5
60.7 67.4 74.6 80.6 87.3
Consumer durables.
Net investment in tangible
assets
Q •
73.
2.
40
43
23.
39.
77.
4.
Individual saving
(1+27-32)
42
8.
73.
-19.
2.
64.3 62.3 64.
4.
39
41
59.
2.
Gross investment intangible
116.
assets
Nonfarm homes
Noncorporate business
construction and
equipment
Consumer durables
Inventories
96.3
77.
87.
8.8
1.7
1.4
1.0
-.4
.1
1.2
1.2
.6
.0 -.1 -.1
-.2
—.2
-.2
-.1
-. 1
.0
.0
24.1
23.2 48.1 41.7 46.2
66.1
73.6
66.6
63.2
57.6
48.8
55.4
37.3
32.4
33.3 42.6 44.6 46.3
55.9
58.0
59.2
59.3
64.1
61.0
59.3
5.3
8.3
.1 -10.2 -15.5 -7.4 -3.9
6.5
12.2
3.9
2.0
10.1 -5.5
1.8
2.9
SURVEY OF CURRENT BUSINESS
38
National Income and Product
Accounts
the July 1972 issue of the SURVEY.
Table A shows annual and quarterly
data, 1947-71, on the breakdown of
Federal and State-local government purchases into major components. Quarterly data for 1968-71 are in table 3.14
in the July SURVEY. Table B shows
HISTORICAL data are presented here
for certain detailed data series first published in the data tables for 1968-71 in
August 1972
annual data, 1946-71, on the surplus
or deficit of State and local governments
allocated between the surplus of social
insurance funds and the surplus or deficit of all other funds. Annual data for
1968-71 are in table 3.3 in the July
SURVEY.
Table A.—-Government Purchases of Goods
1947
1948
1950
1949
1952
1951
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
53,531
57,408
63,389
64,244
Millions of dollars
Federal Government Purchases of
Goods and Services.
12,544
16,515
45,586
20,112
18,403
10,027
1,332
8,753
4,249
10, 760 16,256 18,925 18,614 17,805 18,387 19, Oil 19,608 20, 591 21,030 21,868 22,925 24,277 25,261
2,571 2,934 3,550 3,565 3,501 3,857 3,879 3,762
1,498 2,853 3,993 3,936 3,228
35,233 35,221
6,145 18,543 28,861 34,484 26,344 23,371 24,004
29,453 29,064 28,162
4,543 13,004 20,351 20,119 16,716 14,553 16,403 17,044 17,952 16, 724 15, 702 16,964 17,737 17,830
4,101
6,465 6,504
1,
4,013
374 1,945 3,652 8,164 5,058 3,282 1,880
4,034 3,046
7,467 9,294 8,447 9,561 11,031 10,887
1,228 3,594 4,858 6,201 4,570 5,536 5,721
37,652
51,779
57,034
47,377
44,090
49,538
53,594
53,659
Compensation of EmployeesStructures
Other
Durables
Nondurables.
Services
_._.
9,395
405
2,744
1,371
305
1,068
918
6,661
2,653
2,325
1,683
State and Local Government Purchases of Goods and Services
12,562
15,038
17,733
19,497
21,475
22,882 24,611
27,418
30,106
32,994
36,585
43,346
46,090
50,217
53,731
58,240
7,320
2,465
2,777
544
1,117
1,116
8,502
3,501
3,035
750
1,143
1,142
9,422
4,767
3,544
824
1,333
1,387
10,124
5,254
4,119
910
1, 540
1,669
11,136
6,262
4,077
1,057
1,419
1,601
12,225
6,531
4,126
1,155
1,367
1,604
14,669
15,807
9,055
5,244
1,478
1,619
2,147
17, 585
10,112
5,297
1,695
1,513
19, 520 21,524 23,280
11,187 12,178 12,579
5,878 6,862 7,487
1,877 1,957 2,054
1,640 2,011
2,228
2,361 2,894 3,205
25,615
12,355
8,120
2,297
2,387
27,975
13,428
8,814
2,373
2,641
3,800
30,391
14,125
9,215
2,521
2,745
3,949
32,859
15,491
9,890
2,930
2,967
Compensation of Employees
Structures
_
Other
Durables
Nondurables
Services
1,436
4,486
1,389
1,363
1,734
1951
1950
II
13,306
7,083
4,222
1,237
1,343
1,642
III
IV
II
40,564
III
IV
II
1954
1953
1952
III
IV
II
III
IV
II
III
IV
Billions of dollars, seasonally adjusted at annual rates
Federal Government Purchases of
Goods and services
Compensation of Employees
Structures
Other...
.
Durables
Nondurables
S ervices
.
State and Local Government Purchases of Goods and Services
Compensation of Employees
Structures
___•_
Other
...
Durables
.
Nondurables
Services
18.4
17.1
17.7
20.5
27.8
34.3
41.8
46.7
47.8
51.1
54.1
54.2
56.9
57.8
56.5
56.9
52.3
47.4
45.7
44.1
10.0
1.4
7.0
3.9
1.5
1.6
9.9
1.5
5.7
3.9
.7
1.1
10.7
1.4
5.5
5,0
-.6
1.2
12.5
1.7
6.4
5.4
-. 1
1.0
14.4
2.1
11.3
8.7
.6
2.1
15.9
2.7
15.7
11.5
1.1
3.1
17.2
3.1
21.5
14.2
2.8
4.5
17.5
3.4
25.8
17.7
3.3
4.7
18.5
3.7
25.6
18.6
2.2
4.8
19.0
3.9
28.2
20.3
3.3
4.6
19.2
4.2
30.7
20.7
5.0
5.1
19.0
4.2
31.0
21.9
4.1
5.0
18.9
4.3
33.7
20.2
7.3
6.2
18.9
4.1
34.9
20.8
7.8
6.3
18.6
3.8
34.1
19.9
8.1
6.1
18.2
3.6
35.2
19.5
9.5
6.2
30.8
19.4
7.1
4.2
17.8
3.3
26.3
16.8
4.6
4.9
17.8
3.1
24.9
15.4
4.8
4.7
17.8
2.9
23.4
15.2
3.8
4.4
18.8
19.2
19.7
20.2
20.6
21.3
21.8
22.0
22.3
22.8
23.4
24.1
24.1
24.8
25.4
26.3
27.0
28.0
28.3
10.0
5.1
4.1
.9
1.5
1.7
10.3
5.3
4.1
.9
1.5
1.7
10.5
5.6
4.1
.9
1.6
1.7
10.7
5.8
4.1
1.1
1.4
1.6
10.9
6.3
4.1
1.1
1.4
1.6
11.3
6.5
4.1
1.1
1.4
1.6
11.6
6.4
4.1
1.1
1.4
1.6
11.8
6.5
4.0
1.1
1.3
1.5
12.4
6.5
3.9
1.2
1.3
1.5
12.7
6.6
4.1
1.2
1.3
1.6
13.0
6.9
4.3
1.2
1.4
1.7
13.2
6.8
4.1
1.2
1.3
1.6
13.3
7.1
4.3
1.2
1.4
1.6
13.7
7.5
4.2
1.2
1.3
1.6
14.1
7.9
4.3
1.3
1.3
1.7
14.5
8.2
4.3
1.4
1.3
1.7
14.9
8.4
4.Q
1.4
1.4
1.8
15.2
8.4
4.6
1.4
1.4
1.8
III
IV
4.9
4.1
1.5
1.7
1961
II
12.0
6.5
4.5
1.1
1.5
1.8
1962
III
IV
II
III
IV
II
1965
1964
1963
III
IV
II
III
IV
II
Billions of dollars, seasonally adjusted at annual rates
Federal Government Purchases of
Goods and Services
Compensation of Employees
Structures... _ _ _
Other...
.
Durables
Nondurables. _.
Services...
State and Local Government Purchases of Goods and Services..
Compensation of Employees
Structures
Other.
Durables
_
Nondurables
Services
.
64.4
65.0
63.4
64.2
64.4
65.0
66.0
65.2
64.5
64.4
65.5
67.6
70.1
24.2
3.8
35.4
17.6
6.6
11.2
24.4
3.9
36.0
17.5
7.4
11.1
24.8
3.8
36.4
18.0
7.8
10.6
25.0
3.8
34.6
18.1
6.1
10.4
25.2
3.8
35.2
17.8
5.9
11.5
26.1
3.7
34.7
17.3
6.3
11.1
26.6
3.6
34.8
16.5
6.9
11.3
26.8
3.6
35.6
16.3
7.2
12.0
27.5
3.7
34.0
15.6
6.9
11.5
27.7
3.7
33.1
14.8
6.7
11.6
27.5
3.5
33.4
13.5
8.1
11.8
27.7
3.7
34.1
13.7
8.3
12.1
28.5
3.6
35.4
14.2
8.7
12.5
30.1
3.7
36.3
14.9
8.9
12.5
53.1
54.1
55.0
56.9
57.5
58.7
61.4
63.2
64.3
65.3
67.0
30.1
13.9
9.1
2.5
2.7
3.9
30.6
14.1
9.3
2.5
2.8
4.0
31.3
14.3
9.4
2.6
2.8
4.0
32.0
15.3
9.6
2.8
2.9
3.9
32.5
15.2
9.8
2.9
2.9
4.0
33.1
15.6
10.0
3.0
3.0
4.0
33.8
15.8
10.2
3.1
3.1
4.1
34.7
16.2
10.5
3.1
3.1
4.3
35.5
17.0
10.8
3.0
3.2
4.5
36.2
17.1
11.0
3.1
3.3
4.6
37.1
17.0
11.2
3.1
3.4
4.7
37.9
17.2
11.9
3.3
3.6
5.0
55.4
57.3
57.8
59.2
61.9
64.0
22.4
4.2
28.8
16.6
3.2
9.0
22.6
3.9
30.8
17.1
4.0
9.7
22.9
3.5
31.4
16.9
4.6
9.8
23.7
3.7
31.8
17.3
4.6
10.0
24.2
3.7
33.9
17.5
5.7
10.7
24.3
4.0
35.7
18.3
6.1
11.2
49.0
49.4
50.6
52.1
52.5
27.1
13.2
8.7
2.4
2.6
3.7
27.6
13.0
8.8
2.4
2.6
3.8
28.3
13.4
8.9
2.4
2.7
3.8
28.9
14.3
8.9
2.4
2.7
29.6
13.9
9.1
2.5
2.7
3.9
38.8
18.0
12.1
3.4
3.7
5.1
71.3
73.2
19.0
12.4
3.5
3.7
5.1
40.8
19.3
13.1
3.6
4.0
5.5
SURVEY OF CURRENT BUSINESS
August 1972
39
and Services by Type: Annually and Quarterly
IQfifi
iyoo
1947
lQfi7
lyo/
I
II
1948
IV
III
Millions of dollars
I
| II
g
1949
IV
III
I
II
III
IV
3
Billions of dollars, seasonally adjusted at annual rates
65,166
66,897
77,773
90,706
98, 768
98,781
96,525
97,760
12.4
12.9
12.4
12.4
13.5
15.7
17.3
19.5
19.4
20.6
20.3
20.1
1
27, 148
3,653
34,365
15,828
6,947
11,590
28,450
3, 627
34,820
14, 083
8,523
12,214
32, 591
3,644
41,538
16,066
9,481
15,991
35,865
3,191
51, 650
21,411
12,627
17,612
39,496
3,104
56, 168
22,015
16,296
17,857
42, 177
3,021
53,583
21,267
14,808
17,508
45,134
3,098
48,293
20, 313
11,128
16,852
47,533
3,952
46, 275
18,964
11,539
15,772
10.7
.0
1.8
1.1
2
,9
10.0
.3
2.7
1.5
.0
1.2
8.5
.6
3.4
1.5
.7
1.2
8.5
.8
3.2
1.4
.8
1.0
8.5
.8
4.2
2.4
.6
1.2
8.6
.9
6.2
2.6
1.9
1.7
9.1
1.0
7.3
2.7
2.9
1.6
9.5
.9
9.0
2.9
3.9
2.2
9.9
1.1
8.5
3.9
3.1
1.5
9.9
1.2
9.5
4.6
3.4
1.5
10.0
1.4
8.9
4.4
2.9
1.6
10.3
1.6
8.2
4.1
2.9
1.2
2
3
4
5
6
7
63,529
70,108
79,040
89,387
100,793
111,184
122,519
135,002
11.8
12.2
12.7
13.4
13.8
14.6
15.4
16.1
16.7
17.4
18.2
18.5
8
55,434
24,604
20, 755
4,583
5,562
10, 610
61,644
24,980
24,560
5, 160
6,833
12, 567
69,524
25, 076
27, 919
5,769
7,738
14, 412
77,262
26, 151
31,589
6,376
8,638
16,575
7.0
2.3
2.6
.5
1.0
1.0
7.2
2.3
2.7
.5
1.1
1.1
7.4
2.5
2.9
.6
1.2
1.2
7.7
2.7
2.9
.6
1.2
1.2
8.0
2.8
3.0
.8
1.1
1.1
8.2
3.3
3.0
.7
1.1
1.1
8.7
3.7
3.1
.7
1.2
1.2
9.0
3.9
3.1
.7
1.2
1.2
9.2
4.2
3.3
.7
1.3
1.3
9.3
4.7
3.4
.8
1.3
1.3
9.6
5.0
3.7
.9
1.4
1.4
9.7
5.0
3.8
.9
1.4
1.5
9
10
11
12
13
14
35,873
16,849
10,807
3, 069
3,250
4,488
39,345
18, 382
12, 381
3,438
3,756
5,187
44,016
20, 348
14, 676
3,958
4,249
6,469
49,222
22,280
17,885
4,300
5,103
8,482
1955
I
II
III
1956
IV
I
II
III
1958
1957
IV
I
II
III
IV
I
II
1960
1959
III
IV
I
II
III
IV
I
II
III
IV
Billions of dollars, seasonally adjusted at annual rates
44.0
43.3
44.4
44.7
44.5
45.8
45.3
46.6
49.3
49.6
49.7
49.6
51.3
52.9
54.3
55.9
54.6
54.1
53.1
52.9
52.7
53.0
53.9
54.6
1
17.8
2.6
23.6
14.2
3.3
6.1
18.5
2.4
22.4
14.6
3.0
4.8
18.6
2.2
23. 5
14. 7
2.9
5.9
18.6
2.1
24.0
14.7
4.0
5.4
18.6
2.1
23.8
15.5
3.0
5.4
18.9
2.4
21.5
16.7
2.3
5.5
19.2
2.8
23. 3
16.5
1.4
5.3
19.2
2.9
24.5
16.9
.9
6.7
19.5
2.9
26.9
16.6
2.7
7.7
19.6
2.9
27.1
16.8
2.1
8.3
19.9
3.0
26.8
17.2
1.2
8.3
19. 5
2. 9
27. 2
17. 6
1. 6
8.0
19.9
3.0
28.4
17.9
21.1
3.6
29.6
17.9
4.4
7.3
21.1
2.9
7.6
20.3
3.3
29.4
18.0
3.7
7.7
30.6
18.0
5,2
7.4
20.9
4,1
29.5
17.4
3.9
8.2
21.1
3.9
29.2
16.9
3.3
8.9
21.0
3.4
28.6
16.4
2.8
9.4
21 1
2.9
29 0
16.1
2.2
10.6
21. 3
3.0
28. 4
15.8
3.4
9. 2
21.7
3.2
28.1
15.7
4.3
8.0
22.2
3.7
28.0
15.5
4.5
8.0
22.3
4.0
28.3
15.8
3.8
8.7
2
3
4
5
6
7
29.4
29.9
30.3
30.8
31.8
32.6
33.4
34.0
35.3
36.2
36.9
37.9
38.9
39,9
41.1
42.2
43.1
43.4
43.5
43.4
44.3
45.9
46.6
47.3
8
15.4
8.8
5.2
l.*4
1.6
2.2
15.6
9.0
5.3
1.5
1.6
2.2
15. 9
9.1
5.a
l! 5
1.6
2.1
16.3
9.3
5.2
1.5
16.8
9.8
5. 2
l.*6
1.5
2.1
17.3
10.1
52
L7
1.5
2.1
17.9
10.2
5. 3
l.*7
1.5
2.1
18.4
10.3
54
l.*8
1.5
2.1
18.7
11.0
56
1.6
1.5
2.2
19.3
11.2
5. 8
19.8
11.1
6 0
I'.y
1.7
2.4
20.3
11.4
62
L9
1,7
2.5
20.8
11.7
A
o. oK
1.9
1.9
2.7
21.3
11.8.
(\ oa
o.
1.9
2.0
2.9
21.8
12.3
22.2
12.7
22.6
13.1
23.1
12.9
23.5
12.5
23.9
11.9
24. 8
11.7
25.3
12.3
8. 0£l
2.3
2.4
3.5
25.9
12.6
8. 0
2! 3
2.3
3.4
26.5
12.5
84
2! 4
2.5
3.6
9
10
III
IV
1.6
2.1
1966
I
II
L6
2.3
1967
III
IV
I
II
IV
I
II
£»
2.0
2.1
3.0
2.0
2.1
3.0
2.0
2.2
3.1
III
IV
I
II
2.1
2.3
3.2
2.0
2.2
3.2
2.1
2.3
3.3
2. 2
2.3
3.3
III
IV
12
13
14
1971
1970
1969
1968
III
4.2
I
II
III
IV
I
II
99.7
96.2
95.2
95.0
96.2
96.3
97.9
100.7
1
47.2
4.1
46.6
18.6
12.1
15.9
48.1
4.1
48.5
19.5
13.2
15.9
2
3
4
5
6
7
Billions of dollars, seasonally adjusted at annual rates
72.8
75.6
80. 5
82.1
31.1
3.9
37.8
13.8
9.4
14.6
32.0
3.7
40.0
15.0
9.2
15.7
33. 5
3. 5
43. 5
17. 1
9. 6
16. 9
33.8
75.2
77.7
42.1
19.6
13.5
3.7
3.9
5.8
43.3
20.0
14.5
3.8
4.2
6.4
87.7
99.1
91. 4
16.8
34.8
3.3
49.6
20.5
11.9
17.2
35.3
3.0
51.8
21.4
13.0
17.4
35.8
3. 2
52.3
21. 8
12.7
17.8
80. 1
83.0
86.5
88.2
44. 6
20. 3
IS. 2
4. 0
4. 4
6. 8
46.1
21.5
15.5
47.2
22.6
16.8
4.3
4.8
7.7
48.4
22.3
17.5
4.3
5.0
8.2
3.4
44.8
18.3
9.7
4.3
4.4
6.8
93.6
96.1
98.5
99.8
37.5
3.2
52.9
22.0
12.9
18.0
38.1
3.2
54.8
21.7
15.1
18.1
39.0
3.0
56.5
22.3
16.6
17.7
40.6
2 .9
56.3
22.0
16.8
17.6
89.9
92.9
96.8
99.5
101.8
49.9
21. 8
18. 2
4. 3
5. 2
8.7
51.4
22.5
19.0
4.3
5.4
9.3
53.1
23.9
19.8
4.5
5.4
9.9
54.7
24.3
20.6
4.5
5.6
10.5
56.2
24 .6
20.9
4.6
£ .5
10.8
100. 6
98.8
97.6
99.3
99.4
40.4
3.1
55.3
21.7
15.9
17.7
40.8
3.2
53.6
21.2
14.8
17.7
43.8
3.0
52.5
21.2
14.4
16.8
43.7
52.9
21.0
14.1
17.8
45.2
2.8
51.7
22.1
12.3
17.3
45.5
3.0
47.7
20.0
11.4
16.3
45.1
3.2
47.0
19.7
10.3
16.9
44.8
3A
46.8
19.5
10.5
16.8
47.6
3. 7
45.0
19. 1
10.2
15.6
47.3
3.9
45.0
18.7
10.6
15.7
105. 1 107.4
110.4
112.3
114.6
117.6
120.5
124.3
127.6
130.8
133.3
135.7
140.2
8
59.1
25.4
22.9
4.9
6.2
11.7
60.7
25.8
24.0
5.1
6.7
12.3
62.5
24.8
25.0
5.2
7.0
12.8
64.3
24.0
26.3
66.5
24.0
27.0
5.5
7.6
13.9
68.6
24.2
27.8
5.7
7.8
14.3
70.6
25.7
28.1
5.8
7.7
14.5
72.4
26.4
28.8
6.0
7.8
14.9
74.5
26. 6
29.6
6.1
8.1
15. 4
76.4
25.9
31.0
6.3
8.5
16.2
78.3
25.3
32.1
6.5
8.8
16.9
79.8
26.8
33.7
6.7
9.2
17.8
9
10
11
12
13
14
40.4
3. 3
56.9
22.1
16.8
18.0
57. 8
25. 6
21. 7
4. 7
5.7
11. 3
2.8
5.4
7.4
13.5
SUBVEY OF CUEEENT BUSINESS
40
August 1972
Table B.—State and Local Government Surplus or Deficit Per National Income Accounts Less Surplus of Social Insurance Funds
[Millions of dollars]
1947
1946
Surplus or deficit (— ), national income and product accounts
....
Less: Surplus, social insurance funds- _
Equals: Surplus or deficit (-) , all other State and
local funds
1948 .
1950
1949
1951
1952
1953
1954
1955
1956
1957
1958
1,893
1,017
134
-723
-1,203
-439
-41
146
-1, 108
-1,270
-869
-1,353
-2,335
308
362
473
550
665
805
926
998
1,174
1,255
1,384
1,540
1, 691
1,585
655
-339
-1, 273
-1,868
-1, 244
-967
-852
-2, 525
-2, 253
-2, 893
-4, 026
1959
1960
1961
1962
1963
1964
1965
1966
-2, 282
1967
1968
1969
1970
1971
Surplus or deficit (— ), national income and product accounts
-808
220
-522
936
1, 186
1,676
962
1,266
-1,553
—346
686
2,815
4,794
Less : Surplus , social insurance funds
1,906
2,146
2,291
2,516
2,772
3,092
3,387
3,728
4,370
4,975
5,698
6,518
7,537
-2, 813
-1,580
-1, 586
-1,416
-2, 425
-2, 462
-5, 923
-5, 321
-5, 012
-3, 703
-2, 743
Equals: Surplus or deficit (— ) , all other State and
local funds.
-2, 714
-1, 926
Professional Positions at BEA
On the basis of Congressional action to date on the fiscal 1973 budget, BEA expects to
undertake a significant expansion of its program. .The major elements of the program
expansion will be: (1) a strengthening of the estimation and analysis of the quarterly
GNP accounts; (2) additional work on input-output tables^ including the preparation
of annual tables and testing and improvement of input-output analysis; (3) development
of information needed to analyze the economic impact of changes in the environment;
(4) development and analysis of information on the activities and economic impact of
U.S. multinational corporations; (5) expanded analysis and research on the system of
leading, coincident, and lagging business indicators.
Because of staff reassignments, as well as existing vacancies, BEA expects to fill positions not only in the expanding program areas but also in its other program areas—the
preparation, analysis, and projection of the U.S. balance of payments accounts and of
the State and regional economic accounts, work on short-term and long-term econometric
models, and the analysis of economic conditions in the SURVEY OF CURRENT BUSINESS.
BEA invites inquiries from interested economists about positions in the range from
GS-7 to GS-15 ($9,000 to $33,000). Inquiries should be accompanied, if possible, by
Form 171, the Civil Service Commission "Personal Qualifications Statement." Those
inquiring should indicate whether they have a current Civil Service eligibility rating.
Address inquiries to William N. Turanin, Personnel Representative, Bureau of Economic
Analysis, Room 6096, U.S. Department of Commerce, Washington, D.C. 20230.
U. S. GOVERNMENT PRINTING OFFICE : 1972 O - 473-46:
CURRENT BUSINESS STATISTICS
J.HE STATISTICS here update series published in the 1971 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CUERENT BUSINESS. That volume (available from the Superintendent of Documents for $3.00) provides a description of each series, references
to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1967 through 1970 (1960-70 for major quarterly
series), annually, 1947-70; for selected series, monthly or quarterly, 1947-70 (where available). Series added or significantly revised after the 1971
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1970 issued too late for
inclusion in the 1971 volume appear in the monthly SURVEY beginning with the September 1971 issue. Also, unless otherwise noted, revised monthly
data for periods not shown herein corresponding to revised annual data are available upon request.
The sources of the data are given in the 1971 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 189-90.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely.
Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights.
1969
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS
1970
1969
1971
1970
II
HI
| IV
Annual total
I
|
II
1971
[ III
I
IV
II
1972
III | IV
I
II
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
bil.$
930.3
976.4 1,050.4
923.6
941.7
948.9
958. 0
971. 7
986.3
989.7 1,023.4 1,043.0 1,056.9 1,078.1 1,109.1 '1,139.4
Personal consumption expenditures, total
do
579.5
616.8
664.9
575.8
583.7
594.4
604.1
613.4
623.0
626.5
648. 0
660.4
670.7
680,5
Durable goods, total 9
Automobiles and parts
Furniture and household equipment
do
do
do
90.8
40.2
37.1
90.5
37.3
39.0
103.5
46.7
42.0
91.0
39.8
37.5
90.6
40.2
37.1
91.6
39;2
3&8
92.6
39.4
38.8
87. 5
33iO
39:6
99.8
44.9
41.0
101.9
45.4
41.4
106. 1
48.8
41.9
•HWiJ ' 111. 0 •'113.9
47.9
49.9
51.3
46. 5 '46.8
43.5
Nondurable goods, total'9
Clothing and shoes Food and beverages
Gasoline and oil
do
do____
do
do
245.9
50.2
120.6
20.9
264.4
52.0
132. 1
22.2
278.1
56.9
136.4
23.5
245.1
50.4
120.2
20.7
247.3
60.7
120. 8
21.2
251. 1
51.1
122. 6
21.5
257.8
51. 1
128.0
21. 8
262.4
51.8
131.2
22. 0
266.3
61. 7
133.9
22.3
271.3
53.6
135.2
22.8
273.4
55.1
135 1
23.0
277.2
56.7
135.9
23.0
278. 5
57. 4
136.6
23.5
283. 4
58. 5
137.9
24.3
288.3 '297.2
59. 4 '61.5
140.3 '144 1
24.6 '24.5
242.7
33.8
84.1
16.6
261.8
36.3
90.9
18.2
283.3
39.5
99.2
19.9
239.6
33.0
83.1
16.5
245.8
34.0
85.0
16.8
251.9
35.1
87.2
17.1
256.1
35.3
88.7
17.7
269.4
35.9
90.1
18.0
264.1
36.9
91.4
18.5
267. 7
37.2
93.4
18.8
274.8
38.0
95.8
19.3
281.3
39.1
98.1
19.8
286. 1
40.0
100.3
20.2
290,9
40.7
102. 5
20. 4
296.7 '302.4
41.2 ' 42. 7
104.2 '106.1
21.5
2,1.0
Gross national product, totalf
Services, total 9
Household operation
Housing
Transportation
*
--
- -
/_.,„_:
-
- -
do
do
do
_do__
91.4 i. 90.2
40.6 1 37.8 i
37.5
38.7
696.1 '713.4
139.0
137.1
152.0
138.6
143. 8
137.9
132.9
137.7
139.9
137.8
143. 9
153. 0
152.2
158.8
168. 1 ' 177. 0
do
do
do
do _
- do
_do____
do
do
131.1
98.5
34.2
64.3
32.6
32. 0
7.8
7.7
132.2
100.9
36.0
64.9
31.2
30.7
4.9
4.8
148.3
105. 8
38.4
67.4
42.6
42.0
3.6
2.4
130.4
96.9
33.4
63.5
33.5
33.1
8.1
8.0
133.2
100.2
35.4
64.8
33.0
32.0
10.6
10.6
132.3
101.4
35.8
65.7
30.9
30.5
5.6
5.4
131.4
100.2
35.5
64.8
ot 2
30,6
1.6
1.4
131.4
101.7
36. 1
65.6
29.7
29.4
6.3
6.2
133.7
103. 4
36.2
67.2
30.3
29.9
6.2
6.1
132.1
98.5
36.3
62.1
33.6
33.0
5.7
6.6
139.0
101.9
37.6
64.3
37.0
36,6
4.9
3.9
146.4
105.0
38.3
66.7
41.4
40.9
6.6
5.1
150.9
106.3
38.7
67.6
44.5
43.9
1.3
— 2
157.2
109.8
38.8
71.0
47.3
46.7
1.7
.8
167. 7 '172.0
116.1 ' 119. 2
41.3 ' 42. 0
74.8 '77.2
51.6 '52.8
51.0 ' 52. 1
.4
'5.0
'4.3
.1
do
do
do
1. 9
55.5
53.6
3.6
62.9
59.3
.7
66.1
65.4
1.1
66.8
55.8
2.6
68.1
55.5
2.7
59.2
56.5
3.6
61.6
57.9
3.9
63.0
59.2
4.0
63.7
59.8
2.8
63.2
60.4
4.5
66.3
61.8
.1
66.7
66.6
.4
68.5
68.2
-2. 1
63.0
65.1
-4.6 '—5.2
70.7
70.0
75.3 '75.2
Govt. purchases of goods and services, total.. do-. __
Federal
_ _
do
National defense
_ _
_ . _ _ _ _ d o
State and local
do
210.0
98.8
78.4
111.2
219.0
96.6
75.1
122,5
232.8
97.8
71.4
135.0
208.1
97.6
77.3
110.4
211. 6
99.3
79.4
112 3
214.0
99.4
78.9
114.6
217.3
99.7
78.9
117 6
216. 7
96.2
74.7
120 5
219.5
95.2
73.8
124 3
222.6
95.0
72.9
127 6
227. 0
96.2
72.5
130 8
229.5
96.3
71.2
133.3
233.6
240.9
100.7
71.9
140.2
249.4 '254.1
105.7 ' 108. 1
76.7
78.6
143.7 ' 146. 0
By major type of product:!
Final sales, total,. ...
Goods, total
_ *.
Durable goods
iSTondur&ble goods
Services
Structures
_ _ do .
do
do
do
do
db
922.5
449.7
182 3
267.4
377.9
94 9
971.5 1,046.7
491.8
467 0
194 6
183 0
284.0 297.3
409.2 443.9
95 4
111.0
915.4
447.1
180 3
266.8
372.4
95 9
931.1
451 8
183 0
268.8
383.2
96 1
943.4 956 4
458.0 462 3
184 7
184 4
273.3 277.8
39X1.9 • 400 6
93,4
93' 6
965.5
467 3
185 2
282. 1 405 1:
93 T
980.2
472 7
187 4
285.- 2412 2
95-3,?
984 1 1 018.5 1 036.4 1,055;6 1,076.4 1,108.6 '1,134.4
465 6
482 2- 485 8 496 '2- 503 1 517 2 ' 532. 1
200 1 208 8 ' 214 6
174 8-: 189 '6 191 0
197 7
290: 7 292.6
294.8 298.5 303.0 308. 4 ' 317. 5
456 3 467.3 ' 477. 3
418 7
431 3 441 1 446.7
124 2 ' 125. 0
112 7
99 8
105 0
109 5
117 0
_do___.
do
do
7.8
5.0
2.8
4.9
1.9
30
3:6
1.1
2.5
8.1
5.9
22
Gross private domestic investment, total — __do
Fixed investment
NonresidentiaL __
Structures
_ ~.
-~_
Producers' durable equipment
Residential structures
Nonfarm
_ _
Change in business inventories.Nonfarm.*
Net exports of goods and services
Exports
Imports
_ .-
-
_
_
Change in business inventories., __,..
Durable goods
Nondurable goods
:
10.6
6.5
41
5, 6: i
3.7 1;
19
l-E:5
L 0s
5
e: a
16
4 "7
6;2'
60
2
5.7
— 9
66
97..a
70.1
135.7
4.9
3S7
12
6.6
36
31
1.3
—1 0
23
.4
.4
1.7
-1 9
35
o
'5.0
'3.0
' 2.1
GNP in constant (1958) dollars f
Gross nati6nal product, totalf
Personal consumption expenditures, total
Durable goods. „.,-.._,.
Nondurable goods
Services
*
>
-
Gross private domestic investment, total
bil. $
725.6
722.1
741.7
725.8
729.2
725.1
720:4
7231 2
726^8
718.0
7&1.9
737.9
742.5
754. 5
766.5 ' 783. 9
do.__
469.1
477. 0
495.4
469.3
469. 5
472. 2
474. 1 i 476.9
480. 2
476. 5
488. 2
493.0
497.4
503.2
511.0 ' 620. 9
do
do
do
85.6
201 3
182 2
83.1
207 0
186 8
92.1
211.1
192 2
86.0
202 0
181 3
85.0
201 2
183 3
85.4
201 5
185 2
83.8
204 4
185 9
84.7
206 0
186 2
84.9
207 7
187 6
78.9
209 9
187 8
88.8
210 0
189 3
90.0
211 2
191 8
94.2
210 5
192 8
95.4
212 8
195 0
98.6 ' 100. 7
214.7 ' 220. 1
200 0
197 7
do. ..
110.5
104.0
108.6
110.8
114. 0
107.4
102.0
105.6
106. 2
102.2
105.0
110. 0
107.3
112.0
116. 6 ' 122. 0
,
do
<3o
do
do
103 8
80 1
23 7"
6.7
99
77
22
4
9
6
3
1
105 9
76 8
29 1
2.6
103 9
79 3
24 6
6.8
104 6
80 9
23 7
94
102 8
80 9
21 9
4.6
101 0
78 8
22 2
9
100 0
78 9
21 1
56
101 3
79 3
22 0
49
97
73
23
4
4
6
9
8
101 2
75 3
25 9
38
104 7
76 4
28 3
53
106 6
76 4
30 1
7
111 3
79 2
32 1
7
116 3 ' 118 0
82 2 '83.6
34.2 '34.4
'3.9
.3
Net exports of goods and services—^---
do
.2
2.2
.1
— .'6
.7
.8
1.9
2.0
2.9
1.9
2.7
—.7
.1
-1.8
-3.3 '—2.8
Fixe'd investment
,
Nonresidential
<* „
Residential structures
Change in business inventories
Govt. purchases of goods and services, totaL.do
137.6
145.9
139.0
14&3
145.1
Federal
do
60 8
64 7
72 3
73 5
73 9
State and local
do
72/4
72.4
72!7
74! 3 76! 8
A _ _
' Bevised.
p Preliminary.
f Revised series. Estimates of national income and product
and personal income have beM revised back to 1969 (see p. 16 ff. of the July 1972 SURVEY);
142.2 '143.9
144.6
142.4
138.6
137.5
136.1 135.7
137.6
141.1
137.3
62 8 ' 63 7
69 0
62 9
62 1
62 3
71 5
64 8
60 2
59 7
61 0
79.4 '80.3
73.1
73*. 5
73*. 8
74*. 6
75! 1
75.' 9
76! 0
76.7
78.8
revisions prior to May 1971 for personal income appear on pp. 25-26 of the July 1972 SURVEY.
9 Includes data not shown separately.
S-l
473-463 O - 72 - S 1
OF CURRENT BUSINESS
S-2
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS
1969
1970
1971
1970
1969
III
Annual total
August 1972
IV
II
I
1971
III
IV
I
II
1972
III
IV
I
II
HI
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income, totalf--bil. $..
Compensation of employees, totalf
766.0
798.6
865.7
774.6
781.0
787.5
796.7
806.3
804.1
834.5
861.4
860.8
876.2
903.1 P923.6
566.0
603.8
644.1
574.0
585.2
594.3
600.7
609.0
611.2
628.6
639.6
648.0
660.4
682,7 r697.8
509.7
406.6
19.0
85.1
56.3
67.2
50.5
16.7
22.6
541.9
426.8
19.6
95.5
61.9
66.8
49.9
16.9
23.3
573.5
449.7
19.4
104.4
70.7
70.0
52.6
17.3
24.5
517.0
410.4
20.0
86.5
57.0
67.1
50.5
16.6
22.7
526.8
418.6
19.6
88.5
68.4
67.2
49.8
17.4
22.9
534. 9
422.5
20.2
92.2
59.5
67.7
49.7
18.0
23.0
539.5
425.1
19.6
94.7
61.2
67.1
50.0
17.1
23.2
546.1
430.0
19.4
96.7
62.8
66.6
50.1
16.5
23.4
547. 2
429.7
19.0
98.5
63.9
65.8
49.9
16.9
23.8
560.4
439. 3
19.8
101.3
68.2
68.1
51. 3
16.8
23.9
569. 6
447.0
19.4
103.3
70.0
69.3
52.4
16. 9
24.4
576.5
451.6
18.8
106.0
71.5
70.7
53.1
17.6
24.8
587.3
460. 9
19.4
107.0
73.0
71.8
53. 8
18.1
25.0
606.6 r 620.0
475.8 r 487.1
20.8
20.5
112.4
110. 0
76.1
77.8
73.3 '73.2
54.3 '54.4
18.7
19.1
25.2 '24.2
79.8
69.9
78.6
79.8
73.5
69.3
71.5
72.0
66.9
76.6
80.1
78.3
79.4
81.8
»87.6
12.4
67.4
36.6
17.7
18.8
14.5
55.4
27.7
16.7
11.0
16.7
61.9
30.9
16.8
14.1
12.5
67.3
35.8
17.3
18.5
12.4
61.1
32.8
17.1
15.7
12.8
56.5
29.4
16.4
13.1
14.0
57.5
29.9
17.0
13.0
15.0
57.0
28.9
17.2
11.7
16.1
50.8
22.6
16.4
6.2
16.6
59.9
30.9
16.6
14.3
16.4
63.7
31.2
16.8
14.4
17.0
61.3
30.1
16.9
13.3
16.6
62.7
31.2
16. 9
14.3
16.5
65.2
35.4
17.7
17.7
P17.5
*70.1
10.1
20.7
7.6
20.1
8.2
22.9
10.2
21. 2
9.3
19.0
8.0
19.1
7.4
20.1
7.8
20.3
7.2
20.9
7.8
21.2.
8.8
23.7
8.5
22.6
7.6
23.9
7.8
22.0
84.9
40.1
44.8
24.3
20.5
-5.1
30.5
74.3
34.1
40.2
24.8
15.4
-4.4
34.8
83.3
37.3
45.9
25.4
20.5
-4.7
38.5
82.2
38.9
43.2
24.4
18.8
-2.4
31.1
80.5
38.4
42.1
24.7
17.4
-7.1
32.3
75.8
34.3
41.4
24.8
16.6
-6.4
33.2
75.2
34.6
40.6
24.7
15.8
-3.7
34.2
76.6
35.4
41.2
24.9
16.3
-4.6
35.3
69.6
32. 2
37.4
24.7
12.7
-2.8
36.5
81.3
38.0
43.2
25.5
17.7
-4.7
37.3
84.5
38. 6
45.8
25.4
20.4
-4.4
38.1
84.1
37.5
46.6
25.5
21.0
-5.8
39.1
83.2
35.3
48.0
25.2
22.7
-3.9
39.7
88.2
38.8
49.5
26.0
23.5
-6.5
40.1
750.9
116.5
634.4
596. 2
38.2
806.3
116.7
689.5
634. 7
54.9
861.4
117.0
744.4
683.4
60.9
759. 6
116.4
643.2
600.6
42.6
774.3
118.2
656.1
611.6
44.6
785.7
117.8
667.9
621.6
46.3
806.1
119.0
687.2
631.2
65.9
813.4
114.3
699.1
641.1
58.0
819.8
115.8
704.0
644.8
59.2
838.0
112.3
725.7
666. 4
59.3
858.1
115.2
742.9
678.8
64.1
867.9
117.5
750.4
689.4
61.0
881. 5
123.0
758.5
699. 2
59.3
907.0 r 922.1
136.5 '139.5
770.5 '782.6
714.9 ' 732. 5
55.7 '50.1
75.56
31.68
15.96
15.72
79.71
31.95
15. 80
16.15
81.21
29.99
14.15
15.84
19.25
8.16
4.03
4.12
21.46
9.12
4.59
4.53
17.47
7.14
3.59
3.56
20.33
8.15
4.08
4.07
20. 26
7.99
3.87
4.12
21.66
8.66
4.26
4.40
17. 68
6.69
3.11
3.58
20.60
7.55
3.52
4.03
20.14
7.31
3.40
3.91
22.79
8.44
4.12
4.32
19.38 122.90 122.41
8.18
6.61
7.96
4.09
3.95
3.29
4.09
3. 32
4.00
43.88
1.86
1.86
2.51
1. 68
11.61
8.94
2.67
8.30
16.05
47. 76
1.89
1.78
3.03
1.23
13.14
10.65
2.49
10.10
16.59
51.22
2.16
1.67
1.88
1.38
15.30
12.86
2.44
10.77
18.05
11.10
.47
.49
.53
.40
3.03
2.23
.80
2.11
4.07
12.34
.49
.55
.64
.44
3.23
2.61
.62
2.39
4.60
10.32
.45
.42
.73
.28
2.54
2.15
.39
2.14
3.76
12.18
. 47
.47
.80
.31
3.28
2.59
.69
2.59
4. 26
12.27
.46
.46
.74
.30
3.58
2.79
.78
2.56
4.16
12.99
.50
.43
.76
.33
3.74
3.12
.63
2.81
4.42
10.99
.49
.34
.34
.28
3.11
2.70
.41
2.50
3.94
13.06
.54
.47
.60
.36
3.83
3.20
.63
2.81
4.44
12.83
.55
.42
.39
.37
4.07
3.35
.71
2.62
4.42
14.35
.59
.45
.56
.37
4.29
3.60
.69
2.84
5.26
12.77
.58
.48
.50
.32
3.63
3.19
.44
2.72
4.55
14.7.2
.61
.47
.76
.38
4.27
3.56
.71
14.46
.58
.49
.50
.34
4.59
3.72
.87
28.24
2 7. 96
do
do
do
do
77.84
33.05
16.53
16.52
77.84
32.39
15.88
16.50
78.22
32.44
16.40
16.05
80.22
32.43
16.32
16.11
81.88
32.15
15.74
16.40
78.63
30.98
14. 92
16.05
79.32
30.46
14. 21
16.25
81.61
30.12
14.06
16.06
80.75
29.19
13.76
15.43
83.18
30.35
14.61
15.74
86.79
30.09
15.06
15.02
1 90. 69
32.55
16.26
16.29
89.72
31.86
16.02
15.84
do
do
do
do
do
do
do
do
do
do
44.80
1.89
2.06
2.23
1.65
11.48
8.98
2.50
8.71
16.78
45.46
1.85
1.94
2.80
1.63
11.80
9.36
2.44
8.76
16.67
45.78
1.92
1.74
2.94
1.37
12.14
9.77
2.37
9.14
16.52
47.79
1.84
1.88
2.88
1.12
12.72
10.15
2.57
10.38
16.98
49.73
1.86
1.96
3.24
1.22
13.84
11.34
2.50
10.62
17.00
47.66
1.94
1.56
3.08
1.22
13. 68
11.20
2.48
10.20
15.97
48.86
2.04
1.46
1.29
1.33
14.64
12.16
2.48
10.70
17.39
51.50
2.08
1.88
2.28
1 40
14.91
12.61
2.30
11.21
17.72
51.56
2.23
1.72
1.68
1.48
15.87
13.56
2.30
10.73
17.85
52.82
2.30
1.64
2.26
1.33
15.74
13.01
2.74
10. 44
19.10
58.14
57.86
56.70
2.36
2.36
2.42
1.92
1. 87
2.10
2.20
3.01
1.96
1.46
1.36
1.48
16.71
17.69
16. 92
14.82
14.13
14.27
2.87
2.58
2.65
11.71
20. 10 232.72 232.33
14,526
9,574
14,800
9,871
16,375
10,231
15,762
10,565
15,932
10,705
15,805
10,462
16,580
11,017
16,675
10,710
17,133
11,479
15,748 v 17,685
9,564 v 11,809 p 11, 465
441
336
273
441
329
436
510
516
474
2,706
1,805
2,775
1,818
2,936
1,935
2,779
1,977
2,863
2,035
2,850
2,057
2,937
2,116
3,297
2,152
3,015
2,165
do
Wages and salaries, total
do__. _
Private .
•.
_
do___
Military
do
Government civilian
do
Supplements to wages and salaries. _ . do
Proprietors' income, total 9
*
do
Business and professional 9 - -~-~ do „.
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
bil. $—
By broad industry groups:
Financial institutions . _ _ _
do _
Nonfinancial corporations, total
do
Manufacturing, total
do
Nondurable goods industries
do
Durable goods industries _
do
Transportation,1communication, and public
utilities
bil. $
All other industries do
Corporate profits before tax, total _ _
do. __
Corporate profits tax liability
do
Corporate profits after tax
do
Dividends
do
Undistributed profits_._ do
Inventory valuation adjustment
do
Net interest
do
DISPOSITION OF PERSONAL INCOME f
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
bil. $
Less: Personal tax and nontax payments
do
Equals: Disposable personal income
do_ _
Less: Personal outlays©
do
Equals: Personal saving§.
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
bil. $
Manufacturing
•_ do
Durable goods industries K
do
Nondurable goods industries J
_ .do. ~ _
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
.__.
Communication
Commercial and other
Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries f
Nondurable goods industries t
Nonmanufacturing- _ _
Mining.
Railroad
Air transportation
Other transportation
Public utilities _-Electric
Gas and other
Communication
Commercial and other,
_
do
do
do
do
do
do
do
do
do
do
U.S. BALANCE OF INTERNATIONAL
PAYMENTSd"
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil. $__ 55,501
Merchandise adlusted excl militarv
do
36,417
Transfers under U.S. military agency sales con1,512
tracts
mil $
Receipts of income on U.S. investments
abroad
mil. $._ 10,539
Other services
do
7,033
Imports of goods and services
do
Merchandise, adjusted, excl. military
do
Direct defense expenditures
do__._
Payments of income on foreign investments in the
U.S
mil. $._
Other services
do
62, 874
41, 963
66, 136
42, 770
1,479
1,923
11,428
8,004
12,900
8,543
P357
3,651 v 3,201
2,110 v 2,318
-53, 594 -59, 308 -65, 410 -13,864 -14, 129 -14,477 -14, 795 -14, 943 -15, 093 -15,444 -16, 639 -17, 042 -16, 285
-35, 796 -39, 799 -45, 459 -9, 271 -9, 381 -9, 731 -9, 831 -9, 968 -10,269 -10, 728 -11, 722 -11, 951 -11, 058
-4, 856 -4, 852 -4, 817 -1, 221 -1, 251 -1, 180 -1, 259 -1, 210 -1, 203 -1, 175 —1, 214 -1, 198 -1, 230
-4, 564 -5, 167 -4,905 -1,242 -1, 315 -1, 344 -1, 322 -1,284 -1,217 -1,139 -1,106 -1,304 -1, 356
-8, 377 -9,490 -10,229 -2, 130 -2, 182 -2, 222 -2, 383 -2,481 -2,404 -2, 402 -2, 597 -2, 589 -2,641
1,911
662
671
727
3, 563
Balance on goods and services, total
do
621
2,164 -2, 689
490
303
Merchandise
do
r
1
Revised.
v Preliminary.
Estimates (corn ieted for systema tic biases) for Ap r.June and July-Sept. 1972 based on expected capital expendi tures of b usiness. E xpected ex2 in eludes co mpenditures for the year 1972 appear on p. 19 of the June 19 72 SURVE Y.
munication.
f See corresponding note on p. S--I.
9 Includes inventoryr valuat ion
adjustment.
© Personal outlays comprise persoilal constimption e xpenditui es, inter est
423
P93.1
P40.7
*52.4
26.2
*»26.2
—5.5
40.9
"-18,832
p-13,482
*-l,223
p
13 395
p-1,365
p-2,762
-537 p- 1,147 p-1,300
91
36
1,136
712
989
967
898
-472 -1,494 p- 1,673
289 -1,012
734
193
737
500
§P ersonal saving ii
paid by consiimers, aiid perso nal trans fer paynlents to foreigner s.
execss of dispc sable inc ome over personail outlays
its appear in th<
jomponei
IfD ata for iiidividual durable and non durable goods in<lustries <
tfM[ore com )lete detetils appear in th<
Mar. June, Stjpt., and Dec. issiles of th«5 SURVEY
quarl erly reviews in th e Mar., JFune, Sep>t., and I)ec. issue s of the SURVEY.
SURVEY OF CURRENT BUSINESS
August 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 197redition of BUSINESS STATISTICS
1969
1970
1971
Annual total
1969
III
S-3
1970
IV
I
II
W72
1971
III
IV
I
II
III
IV
-992
I*
Hi'
III
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
U.S, BALANCE OF INTERNATIONAL
PAYMENTS— Con.
Quarterly Data Are Seasonally Adjusted
Unilateral transactions (excl. military grants), net
mil. $__ -2, 947
Balance on current account
do
-1,035
Long-term capital, net:
U.S. Government—....
.-...____do-_-_ -1,926
Private
do
-50
Balance on current account and long-term capital
mil. $.. -3, Oil
Nonliquid short-term private capital flows, net
mil. $_. -640
Allocation of special drawing rights (SDR) do
Errors and omissions, net_ . . .
do
-2, 876
-3, 575
-702
-747
-765
-773
-821
-849
-791
-846
-946
356
-2,847
-40
-76
133
194
168
-137
345
-^810
-855 -1,529 -2,094
-2,018
-1,398
-2,378
-708
-379
-192
675
-453
-922
-590
-236
-312
-191
-673
-49
-702
-922
-584
-558
-3,059
-9,374 -1,127
407 -1,251
-605
-347
-856 -1,279 -2,998 -3,296 -1,802 -3,241
-247
217
-51
-56
217
-410
42
217
-677
-221
216
-37
-482
867
-4, 149
-2,420
717
-1,075 -10,928
-5
-204
-942
203
Net liquidity balance
do
-6, 122 -3, 851 -22, 002 -2, 074
Liquid private capital flows, net _
do
8, 824 -5,988 -7,763
1,578
Official reserve transactions balance. . . do .. 2, 702 -9,839 -29,765
-496
Changes in:
Liabilities to foreign official agencies
do
-517
7, 637
27, 615
1,697
U.S. official reserve assets, n e t _ _ _ _
do
-1,187
2,477
2, 348
-686
Liquidity balance, excluding SDR_
do
-6, 958
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS
1970
-947 _ i _ _ _ _ - _ _ _
-3, 208
-4,741 -23, 989 -2,458
-688
-883
-534
-315
179
179
180
179
-944 -2, 586 -5, 380 -2,018
-681
-154
2,949
264
403 -1,684
760
805
1,530
584
2,397
824
4,952
682
5,975
659
10,919
5,774
1,194
-187
July
-385 _ _ _ _ - _ - -762
-529
178
480
178
Aug.
Sept.
2,572
429
1,088
-231
—722 -1,231 -1,103 -3,238 -5, 973 -10,296 -4,487 -3, 707 —2,188
1971
June
-533
260
406 -1, 332
-765
-854
-898 -2,577 -5, 721 -9,380 -4,329 -3, 112 —2, 318
-165
1,487
574 -1,461 -1, 211 -1,104 -2,212 -2,848
-745 -2,551 -1,619
—831
980 -2, 793 -2, 065 -1, 869 -3, 110 -5,425 -6,466 -11,931 -5,948 -3,277
1971
Annual
-1,605 -1,883
1972
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July v
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCE f
Seasonally adjusted, at annual rates:
Total personal income
806 3
861 4
873 4
862 4
869 1
872 2
874 8
879 4
890 4
898 9
908 5
913 6
919 4
924 0 ' 922 9
Wage and salary disbursements, total.. __do-_._
Commodity-producing industries, total-do
Manufacturing
do
Distributive industries,
do
541.9
201. 0
158 3
129 2
572.9
206.1
160 3
138.2
571. 8
206.4
160 7
137 6
572. 5
205.5
160 0
137 7
577.2
205.5
159 5
139 3
577. 9
206.9
160 4
140 2
579.9
207.9
161 3
140 4
583.4
208.8
161 7
140 8
594.3
213.1
165 1
143 8
602.6
214.8
165 8
145 5
609.0
217.7
169 3
148 1
612.4
220.1
171 3
148 0
617.6
221.7
173 3
149 4
619.9
222.5
173 8
149 4
Service industries.. _
Government
Other labor income
Proprietors' income:
Business and professional
Farm, _
do
do
-__do____
96.7
115. 1
32.1
105.0
123.5
36.5
104.7
123.1
36.6
105.7
123.6
36.9
106.3
126.1
37.2
106.8
124.0
37.5
107. 5
124.0
37. 8
108.2
125.5
38.0
109.4
128.0
38.3
111.2
131.2
38.5
111.6
131.7
38.8
112.8
131.5
39.1
113.9
132. 5
39.5
114.7
133.2
39.8
115.5
133.6
40.1
117.2
134.3
40.5
do
do
49.9
16.9
52.6
17.3
52.7
16.9
52.8
17.2
53.1
17.6
53.4
17.9
53.6
18.0
53.8
18.1
53.9
18.1
54.0
18.6
54.1
19.1
54.7
19.6
54.9
19.1
55.3
18.7
' 53. 2
18.4
55.7
18.6
23. 3
24.8
65.8
79.5
24.5
25.4
69.6
93.6
24.6
25.4
69.3
107.3
24.7
25.5
69.8
94.2
24.9
25.6
70.2
94.7
24. 9
25.5
70.5
96.1
24.9
25. 5
70.5
96.2
25.0
25.5
70.6
96.8
25.1
24. 6
70.7
97.6
25.1
26.0
70.8
97.6
25.2
26.1
71.0
100.0
25.3
26.0
71.3
100.1
25.5
26.1
72.0
99.7
'21.5
25.6
26.3
26.3
73.4
72.7
100.9 '101.3
25.8
26.4
73.8
102.4
bil $
Rental income of persons
___do.___
Dividends
do
Personal interest income
__do
Transfer payments.
do
Less personal contributions for social insurance
bil. $..
Total nonagricultural income.....
___do___.
934 2
' 624. 0
626.4
222.7
'223.5
' 175 0 174 8
' 151 4 162.3
28. 0
31. 2
31.1
31.2
31.4
31.5
31.6
31. 8
32.3
34. 3
34.7
34.8
35.0
35,3
36.5
782. 8
837.2
849.8
838.4
844.7
847.6
850.0
854. 5
865.0
873.4
882.4
887.1
893.4
898.3 ' 897. 5
908.6
35.1
FARM INCOME AND MARKETINGS %
Cash receipts from farming, including Government
payments, total t
mil $
54, 239
56,208
3 803
6 282
4 683
4 944
6 477
6 306
5 432
4 792
3 798
3,848
3,619
3,767
Farm marketings and CCC loans, total. ^__do_
Crops
_ _ _ _
do
Livestock and products, total 9
__
do _
Dairy products
.
_
do
Meat animals _
do
Poultry and eggs
do
50, 522
20, 907
29, 615
6, 533
18,497
4, 305
53, 063
22, 609
30,454
6,815
19, 390
4 000
3, 784
1,371
2,413
562
1,495
336
4,122
1,722
2,400
559
1 471
350
4, 327
1, 751
2,576
551
1 634
372
4,888
2,153
2,735
548
1 807
361
6, 405
3, 438
2,967
573
2 025
352
6,267
3 494
2,773
561
1 853
343
5,157
2 598
2,559
598
1 593
343
4,741
2,121
2,620
594
1 706
296
3,781
1,191
2,590
556
1 722
289
3,835
1,065
2,770
614
1,801
334
3, 498
947
2,651
601
1,629
295
3,750
920
2,830
621
1,877
304
3,968
1,152
2,816
596
1,857
334
4,398
1,679
2,719
582
1,803
316
Indexes of cash receipts from marketings and CCC
loans, unadjusted: J
All commodities..
1967=100
Crops
._ . _
_ do
Livestock and products
do
118
113
122
124
123
126
106
89
119
116
112
119
122
114
127
137
140
135
180
224
147
176
227
137
145
169
127
133
138
130
106
77
128
108
69
137
98
62
126
105
60
140
112
75
139
124
109
134
Indexes of volume of farm marketings, unadjusted: \
All commodities
_ _ _
1967=100
Crops
do
Livestock and products
do ...
108
112
104
111
115
107
90
70
106
105
107
103
110
111
109
124
136
115
161
212
122
162
225
114
131
167
105
117
137
102
86
71
97
86
60
106
78
48
101
81
46
108
91
69
107
102
102
102
1967=100. . P 106. 7
?106.8
110. 0
102.8
105.8
110.3
110.3
107.7
104.5
106. 6
110.3 '111.6 '113.6 ' 113. 4 ' 115. 9
109. 2
do
_ do _ _
do
...do
do
104.5
110.3
99.9
104.7
96.3
104. 7
115.7
119.5
107.4
89.4
107.4
119.3
130.5
111.2
90.8
102. 0
112. 6
94.9
100.9
87.3
105.5
118.4
102. 0
110.2
87.5
110.6
124.2
128.7
113.4
91.7
109. 7
123.0
135.9
116.3
91.1
105.9
117.2
123.9
109.7
90.1
101.2
109.9
102. 5
101.4
89.0
104. 4
115.7
120.7
108. 5
88.6
107. 7
119.4
126. 5
114.2
91.4
' 108. 6 ' 112. 8
' 119. 7 ' 125. 4
'132.6 ' 133. 3
'113.3 r 119. 0
' 93. 1 '95.3
106.7
117.9
93. 6
107.9
90.9
do
107.7
107. 4
111.5
99.9
103. 1
107. 3
108.2
107. §
106. 9
108.3
112.4 ' 114. 5 ' 116. 6 ' 117. 4 ' 117. 8
109.3
105.2
101.5
110.3
105.2
99.4
113.5
108. 7
103.3
116. 5
100. 3
93.7
109.9
103. 5
94.3
116.8
108. 8
101.0
120.0
109. 7
102.4
120.2
106. 8
99.8
116.8
102. 7
97.1
110.9
104.7
99.2
112.6
109.0 ' 110. 5 ' 112. 7 ' 112. 5 '115.0
103.8 "•105.5 ' 107. 5 '107.5 ' 108. 6
116.4 ' 117. 8 ' 120. 2 ' 119. 8 '124.2
106.6
99.7
116.5
INDUSTRIAL PRODUCTION d*
Federal Reserve Board Index of Quantity Output
Unadjusted, total index
rf1By market groupings:
Final products
Consumer goods
.
Automotive products
.
Home goods and clothing
Equipment
_ _
Materials _
•
By industry groupings:
Manufacturing
Durable manufactures
Nondurable manufactures
_
do
do
_ -do. . _ .
118.0
120. 1 121. 3
123.5
118. 9
Mining and utilities
do...' Revised.
» Preliminary.
fSee corresponding note on p. S-l.
JSeries revised
beginning 1969; monthly data prior to May 1971 appear in the Farm Income Situation, July
1972, available from the U.S. Dept. of Agriculture, Economic Research Service.
9 In-
'108.3 ' 110. 2
' 119. 2 ' 122. 4
126.3 ' 138. 2
' 114. 1 ' 118. 7
'93.1 '93.2
125.2
120.4 ' 120. 0 '122.9
120. 7
121.1
118. 1 121. 0
113. 9
122.8 114. 2
cludes data for items not shown separately.
cf Series revised back to 1970 to reflect new seasonal adjustment factors and production
levels. Monthly revisions are available upon request.
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS
1970
1971 *
Annual
August1972
1972
1971
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July p
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION*— Continued
Federal Reserve Index of Quantity Output— Con.
108.1
108.7
110.0 '111.2 ' 112. 8 '113.2 '113.3
113.6
107.9
106.1
118.0
108. 0
106.2
118.0
108.4
106.4
118.5
109.5 ' 110. 1 '111.4 ' 112. 1 '111.9
107.6 ' 108. 2 ' 109. 8 ' 110. 1 '110.1
119.6 ' 119. 6 ' 122. 0 '122.1 '122.2
112. 0
110.2
122.2
116.8
121.9
107.8
149.0
116.0
119. 7
109. 2
140.1
117.4
119. 9
109.4
140.0
117.5
116.6
102.8
143.4
120.3 ' 118. 9 ' 125.9 ' 125. 3 '124.8
119.5
119.3 ' 128. 9 '127.4 '125.5
108.2
111.3
106.4
104.6
114.3
147.5 '157.0 '158.3 ' 158. 8
144.6
125.2
125.5
108.2
159.1
113.8
110 4
121.9
113.9
109. 7
120.7
113.8
110.5
122.2
116. 0
116.9
120.4
118. 1 '120.7 '118.7 '124.2 '124.3 '124.3
123.8
124.3
115.1
132.2 '129.4
123.1
121.7
126.1 ' 127. 1 ' 131. 3 '132.0 '132.0
125. 0
115.4
100.3
119.4
112.8
126.4
116. 5
103.6
119.9
114.1
126.1
116.6
103.2
120.2
113.9
126.7
118.8
103.7
122.8
117.2
128.6
118.4
105. 0
121.9
115.5
128.7
119.0
105.8
122. 5
115.4
129.8
89.3
97.1
92.0
88.9
82.5
89.5
97.5
92.8
96.4
81.5
89.8
98.2
93.2
96.6
82.1
89.8
98.2
93. 5
95.5
83.1
89.6
97.9
94.2
95.2
83.5
89.6
98.0
94.2
94.0
83.8
102.9
111.7
89.3
102. 8
111.1
90.7
104.0
113.1
90.8
103.6
112.2
91.1
102.1
110. 2
89.4
102.4
109. 4
93.1
106. 8
Seasonally adjusted, total indexi
1967=100-.
By market groupings: J
Products, total. . -_ .
_ . do
Final products
.... __ _ _ ' _ _ _ _ _ _ •
do
Consumer goods
do
106.0
104.5
110. 3
106. 4
104. 7
115.7
106.2
104.6
116. 1
107.0
105.0
116.3
106.1
104.8
115.9
107.0
105.5
116.7
107.0
105.4
116.6
Durable consumer goods .
Automotive products
Autos
Auto parts and allied goods
104.8
99.9
86.6
125.6
115. 1
119.5
108.3
140.9
117.0
121.2
107. 9
146.8
117.4
121.7
107.9
148. 0
117.3
122. 3
108.5
148.9
117.1
122. 9
108.0
151.5
Home goods 9
-- _--_-_-do
Appliances TV and radios
do
Carpeting and furniture
do
107.6
103 4
108.4
112.6
111 5
117.2
114. 6
117 3
119 2
115.0
115 5
121.2
114.4
112 4
121.7
Nondurable consumer goods
do
Clothing
do
Consumer staples
, „, _ do,..
Consumer foods and tobacco. _ .do
Nonfood staples
do
112.4
101.3
115.4
110.6
120.4
116.0
101. 4
119. 8
113.6
126.3
115. 6
102 0
119.2
113.4
125.3
115.9
102.5
119.4
112.3
126.9
Equipment
do
Business equipment
-do
Industrial equipment 9 . do—
Building and mining equipment-do
Manufacturing equipment
do
96.3
101.4
98.4
95.9
91.9
89.4
96.8
92. 9
92.9
82.6
88.5
95.6
91.9
88.8
81.2
104. 8
Commercial, transit, farm eq 9 - -do .
Commercial equipment. _ _
do. . . . 112.6
94.4
Transit equipment
. -do
101.2
110.0
89.4
99.7
108.6
88.2
-do .
do
do
do
106.7
106.8
107.4
106.8
105.6
107.1
107.4
119.3 ' 119. 9
102.7 ' 105. 0
123.7 ' 123. 9
115.5 ' 116. 3
132. 0
132.4
' 120. 5
'105.0
' 124. 6
' 116. 8
132.8
' 121. 0
106. 3
' 124. 9
' 117. 0
'133.4
'121.2 . .121.2
' 124. 8
' 116. 7
'133.3
125.0
116.2
134. 2
89.5
98.4
94.1
98.0
82.4
90.9 '92.4 '92.7 '93.4 '93.0
99.9 '101.3 '101.3 '102.5 '102.0
95.4 '96.3 '95.7 '96.3 r 96. 8
99.6 ' 101. 2 '98.4 '97.0 '97.4
83.4
' 84. 5 ' 84. 9 ' 85. 9 ' 86. 2
93.4
101. 7
97.0
97.1
86.5
103.3
109.1
95.1
105.1 '107.0 '107.6 '109.5 '107.8
111.9 ' 114. 7 ' 114. 1 '116.4 '114.7
95.4 '97.0 '98.3 '95.6
94.7
107.0
113.8
95. 4
do
87.9
77.1
76.7
76.3
76.3
76.0
75.7
75.9
75.6
74. 8
do.
do
-do _
111.7
110.0
113 0
112.6
112.6
112.6
112.2
113.3
111.4
114.6
115.2
114.4
110.9
109.3
112.1
112. 3
111.5
112.9
113.2
112.8
113.5
114.3
114.2
114.4
114.9
115.2
114. 5
116.9
115.7
116.1
117.0 '117.3 '117.3 '119.3 ' 118. 8
115.8 ' 115. 9 '116.5 '117.9 '117.5
119. 8
118. 0 ' 118.5 '118.0 '120.4
Materials
do
Durable goods materials 9
do
Consumer durable parts
_ -do
Equipment parts
_-.
. -do
Nondurable goods materials 9
...--do
Textile, paper, and ehem. materials ..do
Fuel and power, industrial
..do
107 7
103 3
96 5
94.7
112.5
113.0
116.7
107.4
101.7
104.2
87.1
114.1
116. 6
116.3
109.3
103.7
107.6
87.3
115.2
117.3
120.7
106.4
99.7
101.1
88.0
113.6
115.5
119.6
104.8
96.5
105.6
83.1
114.7
117. 7
117.4
107.3
100.6
103.3
87.1
114.7
118.8
119.5
106.6
102.2
104.1
88.1
115.0
119.0
98.7
106. 5
100. 5
101.8
87.3
115.9
121.5
104.6
108. 4
101.6
104.0
87.9
116.7
123.0
117.6
109.2
103. 5
105.1
88.8
116.0
120.8
117.4
110.8
105.8
107. 1
90.7
117.0
121.5
117.7
' 113. 1 ' 115.0
' 107. 8 '110.4
' 110. 2 ' 113. 8
'91.0 '95.4
' 119. 8 ' 120. 6
' 125. 0 ' 125. 9
118.9
121.6
105.2
101.5
108.1
106.9
105.3
109.8
109.4
105.2
99.4
104.0
100.9
96.6
108.7
107. 5
106.0
100.7
108.3
108. 1
105.3
111.3
108.6
105.8
100.3
104.6
98.9
99.0
97.8
110.9
104.2
97.4
94.0
81.2
66.5
106.9
108.2
105.7
99.3
99.5
93. 8
85.9
108 9
105.9
106.1
100.1
101.3
96.1
89.4
108.3
107.1
106.0
99.1
98.8
91. 4
81.9
109.9
107.1
106.2
99.5
100.6
94.3
85.5
113.1
107.6
107.1
100.4
104.0
102.4
95.2
116.0
106.0
108.5
102.1
105.4
102.6
95.9
114.4
108. 6
' 109. 7
' 103. 4
'107.4
105.1
98.8
116.6
'110.1
97 6
100 3
100 5
100.1
94.9
96.2
94.3
98.3
95.1
96.3
93.6
99.4
95.8
97.7
95.8
99 9
95.4
96.7
95.5
97.9
96.2
97.9
97.0
99.0
96.6
98.3
97.4
99.3
95. 9
97.8
95.9
99.9
95.6
97.9
94.8
101.3
90 4
96 9
84 1
110 8
92.9
114.1
72.5
108.5
93.1
113.9
73.0
108.5
93.2
115.5
71.7
110.9
93.9
116.3
72.3
109 1
94.2
115.8
73.4
110 5
94.5
116. 0
73.7
111 2
93.4
115.7
72.0
110.4
do
do
do
106 4
106 3
106 4
111. 5
113.9
110 0
112.6
114. 0
111 8
111.4
114. 1
109 8
111.0
113 9
109 3
112.1
114 8
110 6
113.2
118 2
110 1
- do
do
do
108 8
99 4
117 3
111.7
102. 1
120 5
113.3
105.2
120 7
115.9
104.8
126 1
114. 0
105 2
122 0
114.2
105 3
122 2
do
110 6
. . .do. _ . 100 2
do
106 3
do
97 8
_.do
90 8
113. 6
100.7
108.6
97.8
87.4
113.7
101.3
109.2
98.1
89.4
113.8
100.9
108.6
98.3
87.0
114. 0
100.8
110 5
97 4
84.2
_.do-_..
do
.-.do
107.8
113 3
104 1
107.8
115.8
102.5
105.9
113.1
101.0
108.4
115.3
103.8
Chemicals, petroleum, and rubber- —do
Chemicals and products .
do
Petroleum products
do
Rubber and plastics products
do
118.2
120 3
112 6
115 7
124.8
126.4
115 7
126 0
126.1
127. 9
115 0
129 1
Foods and tobacco
Foods
Tobacco products
110 9
111 7
100 0
113.7
114 9
97.7
do
118 0
do
109 7
do
131 3
do
98.8
.....do ... 109.2
do
105 7
_ .do. . . . 109.7
do
109 4
D ef ense and space equipment _
Intermediate products
Construction products.
Misc. intermediate products
By industry groupings :t
Manufacturing, total
. __
Durable manufactures
Primary and fabricated metals.
Primary metals
Iron and steel
Nonferrous metals
Fabricated metal products .
Machinery and allied goods 9
Machinery
_
Nonelectrical machinery.
Electrical machinery
do
do
do
-do
_do
do
do . .
do
__do. .
do
do
Transportation equipment
do
"Motor vehicles and parts
do
Aerospace and misc. trans, eq . do
Instruments
do
Lumber, clay, and glass
Lumber and products
Clay glass and stone products
Furniture and miscellaneous
Furniture and
fixtures
Miscellaneous manufactures
Nondurable manufactures
Textiles, apparel, and leather
Textile mill products
Apparel products
.
Leather products _
_
Paper and printing
Paper and products
.
Printing and publishing
Mining and utilities
Mining
_. ..
Metal mining.
Stone and earth minerals
Coal, oil and gas
_.
Coal....
.
Oil and gas extraction. _
Crude oil
do
do
do
Utilities - .. .
do
Electric-..
do
Gas
..
__ .
.
do
r
Revised.
p Preliminary.
9 Includes data for items not shown separately.
for 1966-71 for mfg. and trade sales and invent., total
128 3
130 6
121.0
'78.5
'77.6
76.0
' 78. 2
'78.3
79.4
119. 1
118.4
'115.2
'110.8
'112.0
'95.3
'120.7
' 126. 2
' 120. 1
'115.7
'110.7
'111.4
' 94. 6
'122.4
' 127. 5
' 119. 8
116. 2
111.0
111.4
95.0
123.0
129.4
121.5
'112.2
' 106. 3
'112.3
' 112. 8
107.3
' 121. 6
'111.9
' 112. 1
' 106. 0
'111.3
'110.0
'104.3
118.3
'112.7
112.6
107.0
113.7
112.2
106.0
95.7
98.6
95.1
102.2
97.3 ' 98. 4 '101.1 ' 101. 1
99. 5 ' 100. 3 ' 102. 6 ' 103. 0
96.2 '97.6 '98.6 ' 100. 4
103.2
103.3 ' 107. 1 ' 105. 9
' 100. 9
'103.7
' 102. 1
'105.4
101.5
103. 8
101.6
106. 3
92.7
116.1
70.1
109.3
92.0
114.0
70.8
111.3
94.7
117.7
72.7
114.5 '
99.1
'96.5
95.9 ' 100. 4
125.6 ' 122. 9 '117.4
118.8
'
76.5
'76.1
'
76.1
73.9
114. 2 ' 116. 1 '117.3 ' 118. 4
97.6
118. 4
77.5
119.7
113.7
119 4
110 4
114. 8
121. 7
110 7
115.5
122. 0
111.6
118.0
119. 7
117 0
' 118. 1 ' 118. 1 ' 118. 2 ' 119. 0
119.9 ' 119. 1 121.1
119 6
r
117 2 '117 1 ' 117 5 117.7
119.1
114.0
104 5
122 6
113.3
105 4
120 5
114.3
103 8
123 9
115.0
104.0
125 1
117.3
108.4
125 4
118.4 ' 119.9 ' 120. 6 '120.8
112.9
108.7 ' 111.7 ' 110. 7
127 4 ' 129 6 127.9
127 2
120.6
115.1
102. 5
111 0
99.5
87.7
114.7
102.3
110 1
100.0
87.4
115.9
101.8
110 2
99.8
83.3
116. 0
103. 1
112 6
99.7
87.1
116.8
102.0
108.9
99.8
89.6
117.8
101.1
107.0
100.1
86.9
120. 3 ' 120. 6 ' 121. 0
106. 1 ' 105. 0 '105.9
113. 4
113. 5 '112 8
103. 3 102. 9
91.0
94.4 ' 89. 2
120. 6
105.6-
108.1
117 5
101.7
108.2
116 2
102.9
109.4
116 9
104.3
110. 5
119.2
104.5
110.7
119.8
104.7
111.3
122.2
103.9
112.6 ' 112.6 '112.3 '113.3 ' 112. 5
122 5 ' 124. 4 ' 125. 1 121. 8
122.8
105.8 ' 105. 9 ' 104. 2 ' 105. 3 '106.4
112.7
124.7
126. 0
114.8
128. 1
126.3
127.7
115 8
129 9
127.5
129.9
113 7
129 6
126.6
128.4
115 7
129 1
127. 9
130. 8
116 0
127 7
127. 9
130.4
118 3
126.6
129.8
131.2
119 3
133.3
132.6 ' 133. 4 ' 136. 1 '137.3 '138.9
135.1 ' 135 7 ' 137. 9 '138.7 ' 140. 8
117 0 ' 119 5 118.6
117 9
118 7
148. 2
135 0 ' 138 1' 144 7 '146.5
138.0
140.0
113.6
115 2
92 1
114.1
115. 5
96.6
113.1
114 1
98 2
114.2
115 2
100 3
113.3
114 4
98 5
115. 8
117 1
98 2
115.0
116 6
93.8
115.7
116 5
103.8
116.9 ' 116. 3 ' 117. 6 ' 117. 1 ' 116. 7
116 9 ' 117 5 ' 118 6' 118 5' 118. 0
102 5 ' 101 9 ' 103 9 99.1
116.5
117. 8
118 9
107.0
121.4
93.2
107,6
99.8
108.9
108 3
119 7
108 6
117 3
96.4
109.5
109 3
109.6
109 8
119 2
105 6
93.3
90.2
109.1
109.3
109.1
107 8
118 6
106 3
104 8
91.4
108.7
110 7
108.4
107 0
118 3
105 9
109.7
90.1
107.9
111.0
107.4
104 7
114 3
97 7
117. 1
91.7
96.6
29 5
107.1
105 4
117 4
102 5
136 7
93.4
100.4
55 7
107.4
105 0
120 1
107.8
137.7
92.7
107.1
112 4
106.3
104 2
120 6
107 3
128. 9
93.8
107.1
106.3
107. 2
104 0
121 6
107 2
133 7
93.5
106.5
99 6
107.6
104 2
122 3 ' 122 9 ' 122 4 ' 122. 9
108 5 ' 109 0 ' 107. 4 ' 108. 4
105.6
131 0 ' 122 2 ' 110. 2
93.1
92.7 '92.6 '91.4
110.0 ' 109. 5 ' 110. 9
108.6
104. 8 ' 104. 2
112 9
104 1
109.6 '110.3 ' 111. 9
109.3
111.5
106 9
108 1 '109 5
123.3
109.1
133 9
138 1
119. 8
133 8
137 5
121.9
136 2
140 9
120.4
134 1
138 6
119.6
137 4
134 0
135 2
135 8
136 0
139 7 ' 140 2 ' 141 4' 141 2 141 2
139 7
146. 3
138 6
141 9
141 2
144 8 ' 145 6 '146 9 '146 6
140 6
141 9
144 4
118.7
117.6
116.7
115.5
124.7
123.8
trade total will be shown later. See also notes marked "i" on pp. S-ll and S-12.
J See note marked "cF" on p. S-3.
fRevised data (unadj. and seas, adj.)
and in vent.-sales ratios for mfg. and
'111.8
' 105. 8
'110.4
110. 2
105. 5
'118.6
' 110. 8
' 118. 8 '
' 103. 7 '
' 110 9'
' 102. 7 '
85.4
115.6
106.5
111.8
114.0
111.4
SURVEY OF CURRENT BUSINESS
August 1972
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS
1972
1971
1971
June
Annual
S-5
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES §
Mfg. and trade sales (unadj.), total f _ _
Mfg and trade sales (seas, adj.) , total t
Manufacturing, total t
Durable goods industries
Nondurable goods industries—
mil. $
1,252,885 1,338,101 117,924 108,280 111,189 115,223 115,957 116,151 121,205 107,028 112,333 122,976 119,952 ••124,906 128,498
do
1,252,885 1,338 101 112,295 111,516 113,005 112,979 112,779 115,313 115,278 118,076 117,652 120,228 121,198 -•122,337 121,696
Retail trade, total f
Durable goods stores __
Nondurable goods stores
- •--
Merchant wholesalers, total
Durable goods establishments...
Nondurable goods establishments.
1630,715
336, 729
293, 986
1661,894
353, 572
308,322
56,752
30,018
25,734
55,207
29, 523
25,684
55,745
29, 930
25,815
55,211
29,328
25, 883
55,531
29,621
25, 910
57,000
30, 348
26,652
57,388
30, 561
26,827
58,839
31,615
27,224
58,774
31, 616
27, 158
59,894
32, 242
27, 652
60,741 ' 60,957
33,103 ' 33,249
27,638 '27,708
60,714
32, 720
27,994
1375,527 1408,850
114, 288 131, 814
261,239 277,036
33,827
10, 782
23, 045
33,688
10, 747
22, 941
34,655
11,298
23,357
35,219
11,833
23,386
34,964
11, 696
23,269
35, 574
11, 885
23,689
34,896
11, 334
23,562
34,886
11, 475
23, 411
35,345
11,457
23,888
36,450
12,087
24,363
36,287 '37,120
11,965 •' 12,272
24,322 '24,848
36,674
12,100
24, 574
do
1246,643 1267,357
do____ 111, 778 122, 420
_ _ do. _ _ _ 134, 865 144,937
22, 716
10, 510
12,206
22,621
10,365
12, 256
22,605
10,471
12,134
22,549
10,425
12, 124
22,284
10, 398
11, 886
22, 739
10, 583
12, 156
22, 994
10, 629
12,365
24,351
11, 225
13, 126
23,533
10,696
12,837
23,884
11, 157
12, 727
24,170 '24,260
11,246 ' 11,256
12,924 '13,004
24, 308
11, 285
13, 023
do
do
__do
do
do
do
BUSINESS INVENTORIES*
Mfg. and trade inventories, book value, end of year
or month (unadj.), total t------ .mil. $.. 173,461
Mfg. and trade inventories, book value, end of year
or month (seas, adj.) , total f .
> mil. $
Manufacturing, total!
Durable goods industries
Nondurable goods industries.
Retail trade, total f
_____________
Durable goods stores
Nondurable goods stores . _
Merchant wholesalers, total
:_
Durable goods establishments...
Nondurable goods establishments
179,255
178,758 177,872 177,113 178,361 180,618 181,728 179,255 180,124 181,693 183,612 185,010 '185,841 185, 215
174,868
181,055
178,481 178,773 179,377 180,083 180464 180,313 181,055 181,387 181,985 182,514 183,215 '184,458 184,989
101,709
do
do
66, 826
do___. 34,883
do
46,555
20,490
do
do
26,065
26,604
do
do
15, 565
___do
11,039
101,665
65, 874
35,791
50,474
23,124
27,350
28, 916
17,254
11, 662
101,614
66,400
35,214
49,534
22,679
26,855
27, 333
16, 197
11,136
101,315
66,176
35, 139
49,592
22,707
26, 885
27,866
16,581
11,285
101,283
66, 096
35,187
50, 299
23, 313
26,986
27,795
16,526
11,269
101,425
66, 129
35, 296
60, 844
23, 769
27,075
27,814
16, 666
11, 148
101,736
66,025
35, 711
50, 800
23,652
27, 148
27,928
16, 786
11, 142
101,699
65, 877
35,822
50, 377
23, 306
27,071
28, 237
16, 899
11, 338
101,665
65, 874
35,791.
50,474
23, 124
27, 350
28,916
17, 254
11, 662
101,796
66, 187
35, 609
60, 542
22, 930
27, 612
29,049
17, 287
11,762
102,158
66,419
35,739
50,646
22, 958
27,688
29,181
17,354
11,827
102,450
66, 604
35, 846
50,890
23,025
27,865
29,174
17,357
11,816
102,428 '102,822
66,575 ' 67,035
35, 853 ' 35,787
51, 213 51,907
23,195 23,510
28, 018 28,397
29,574 ' 29,729
17,542 ' 17,733
12,032 ' 11,996
103, 519
67,355
36, 164
51, 865
23, 306
28,559
29, 605
17, 778
11,827
BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade, total t _ ~ _ . _
Manufacturing, total t- - •
Durable goods industries
Materials and supplies. _
Work in process
Finished goods
-___
1.60
1.59
1.60
1.59
1.59
1.60
1.56
1.57
1.54
1.55
1.52
1.51
1.51
1.52
1.84
2.25
1.82
2.21
1.84
2.24
1.82
2.21
1.84
2.25
1.83
2.23
1.78
2.17
1.77
2.16
1.73
2. 09
1.74
2.10
1.71
2.07
1.69
2.01
1.69
'2.02
1.71
2.06
_ _ _ do
__do
do
do
1.40
1. 37
1.37
1.37
1.36
1.36
-1. 38
1.34
1.33
1.31
1.32
1.30
1.30
'1.29
1.29
do
do
do
1.47
2.17
1.16
1.44
2.04
1.16
1.46
2.10
1.17
1.47
2. 11
1.17
1.45
2.06
1.16
1.44
2.01
1.16
1.45
2.02
1.17
1.42
1.96
1.14
1.45
2.04
1.16
1.46
2.00
1.18
1.43
2.00
1.16
1.40
1.90
1.14
1.41
1.94
1. 15
'1.40
1.92
'1.14
1.41
1. 93
1.16
1.23
1. 61
.92
1.23
1.60
.92
1.20
1.54
.91
1.23
1.60
.92
1.23
1.58
.93
1.23
1.60
.92
1.25
1.61
.94
1.24
1.60
.93
1.26
1.62
.94
1.19
1.54
.90
1.24
1.62
.92
1.22
1.56
.93
1.22
1.56
.93
1.23
1. 58
'.92
1.22
1.58
.91
20, 122
21,583
1,752
1,706
1,521
1,707
1,951
1,979
1,793
1,785
1,853
1,819
2,083
1,887
1,788
1,900
1,967
2,029
2,303
2,158
1,955
1, 918
2,146
2,063
2,151
2, 097
do
do
_ - „ _ _ _ _ _ _do
do.
do
Nondurable goods industries.
Materials and supplies
Work in process.
Finished goods
____
Retail trade, total t
Durable goods stores
Nondurable goods stores
1.64
1.90
2. 33
_ratio_ .
__
Merchant wholesalers, total
____
do
Durable goods establishments
________do
Nondurable goods establishments
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:
Durable goods industries :
Unadjusted, total
mil. $
Seasonally adj., total
_
do
1,714
1,893
630,715
661,894
59,207
51,353
54,201
57,703
57,511
56,777
54,979
54,668
59,334
61,818
61,527 '61,475
64,464
336, 729
16, 874
53, 242
25, 032
21, 423
353, 572
19, 766
55,083
26, 656
21, 312
32, 550
1,795
5,480
2,902
1,947
26, 849
1,662
4,646
2,684
1,415
28,077
1,833
3,588
1,363
1,633
30, 533
1,813
3, 964
1,574
1,760
30, 463
1,827
4, 149
1,736
1,774
30,147
1,744
4,337
1,959
1, 780
29, 354
1,575
4,209
1,959
1,693
29,171
1,628
4,565
2,157
1,796
32,080
1,780
4,880
2,323
1,895
33, 723
1,928
5,211
2,530
1,976
33,887 34, 038
1,968 ' 2, 079
5,313
5,418
2, 636 ' 2, 594
2, 065 '2,005
35,428
2,162
5, 515
2, 653
2, 083
do
do
do
do
do
do
39, 220
55,859
48, 137
75, 451
42, 537
11, 724
38, 454
58, 830
50, 041
79, 562
49, 745
11, 665
3,431
5,341
4, 421
7, 502
4,465
1,021
2,920
4,417
3,789
5,295
3,154
914
3,334
4,621
4,103
6, 926
3, 616
971
3,431
5,272
4, 489
6, 754
4,406
1,073
3,315
5,043
4, 413
6,964
4,569
1,039
3,237
4,801
4,380
7, 111
4,529
999
3,086
5, 127
4,544
6,482
3,811
990
2, 948
4,929
4,274
6,621
4,371
903
3,250
5,457
4,611
7,445
4,809
947
3,370
5,788
4,793
7, 630
4,830
1, 002
'3,461
'5,681
'4,521
7,836
' 4, 918
' 1, 014
3,657
6,076
4,960
7, 670
4, 971
1,063
do
do
do
do
293, 986
97, 648
5, 346
22,338
308, 322
101, 737
5, 776
24, 472
26, 657
8,667
525
2,172
24, 504
8,192
498
1, 742
26, 124
8,428
506
2,129
27, 170
8,920
512
2,181
27, 048
8, 854
493
2,358
26, 630
8, 932
498
2,158
25, 625
8,883
479
2,077
25, 497
8,449
487
1, 994
27, 254
8,874
493
2,185
28, 095
9,117
503
2,415
27,640 '27,437
8, 832 '9,050
'520
489
2,277 '2,244
29,036
9,504
546
2,580
Paper and allied products
Chemicals and allied products. _.
Petroleum and coal products
Rubber and plastics products
do
do
do
do
24, 659
49,253
24, 846
15, 388
25,362
52, 170
25, 777
16,249
2,223
4,579
2, 190
1,455
1, 979
4,095
2,142
1,290
2,216
4,390
2,136
1,395
2,226
4,739
2, 160
1,420
2,196
4, 427
2,193
1,445
2,144
4,326
2,157
1,342
2,077
4,026
2,149
1,314
2,216
4,381
2,186
1,346
2,352
4,622
2, 259
1,444
2, 393
4, 781
2, 260
1, 637
'2,332
'4,819
'2,233
' 1, 500
2,472
5, 043
2,383
1,530
Shipments (seas, adj.), totali... ...
By industry group:
Durable goods industries, total 9 1
Stone, clay, and glass products
Primary metals...
Blastfurnaces, steel mills.. _ _ _ _ _ _
Nonferrcus metals
do
55,752
55,207
55,745
55,211
55,531
57,000
57,388
58,839
58,774
59,894
60,741 '60,957
60,714
do
do
do
do
do
30, 018
1,644
4,941
2, 539
1,808
29, 523
1,675
5,016
2,810
1,610
29, 930
1,723
3,776
1, 410
1,735
29,328
1,672
4,009
1,660
1, 731
29, 621
1,706
4, 263
1,889
1, 763
30, 348
1,775
4,565
2,146
1, 805
30,561
1, 763
4,610
2, 189
1, 817
31, 615
1, 880
4,704
2, 192
1,871
31, 616
1, 930
4,798
2,305
1,851
32, 242
1,969
4,933
2,380
1,882
33, 103
1,929
6, 032
2,397
1,957
33,249
' 2, 017
'4,930
' 2, 358
' 1, 872
32,720
1,980
4,982
2,317
1,933
Shipments (not seas. adj.)> total!
do
Durable goods industries, total 9 !_.
__do
Stone, clay, and glass products... _ _
do
Primary metals
_
do
B last furnaces, steel mills .
do
Nonferrous metals _
do
Fabricated metal products.
Machinery, except electrical
Electrical machinerj'.
Transportation equipment
Motor vehicles and parts
Instruments and related products
N endurable goods industries, total 9 _ ._
Food and kindred products.
Tobacco products
_
Textile mill products--.
Fabricated metal products. _ _ _ _ _
Machinery, except electrical...
Electrical machinery.
Transportation equipment.
Motor vehicles and parts ..
Instruments and related products
do
do
do
do
do
do
3,198
3, 117
3,307
4, 903 4,845
4,937
4, 104
4, 114
4,163
6,902
6,392
7,641
3,990
4,060
5,199
951
966
999
r
2
Revised.
i Based on data not seasonally adjusted.
Advance estimate • total irifrs.
shipments for June 1972 do not reflect revisions for selected components,
§The term "business" here includes only manufacturing and trade; business inventorie s as sho\vn on p. S-l
cover data for all types of producers, both farm and nonfarm. Unadjusted data for manufac tur-
3,479
5,764
4, 613
7, 633
4, 939
1,016
2,349
4,938
2,321
1,540
3, 258
3,207
3,242
3, 275
3,199
3,248
3, 333 3,442 '3,442
3,409
5,148
5,101 5,057
6,274
6,191 5,328
5,280
5, 549 ' 5, 564 5,570
4, 181 4,192
4,784
4;622
4,258
4,498
4,695
4,783 ' 4, 670
4,611
6, 604
7,030
7,091 7, 098
6,661 6,793 6,489
7,484
7, 396
7,073
4, 284
4,474
4,248
4,238
4,038
4,418
4,469
4,720 '4,620
4,446
1,004
986
999
967
977
985
1,044 '1,028
995
986
ing are shown b elow ancI on p. S--6; those for whole sale and retail tr ade on p p. S-ll a nd S-12.
fSee correspo nding n 3te on p S-4 an< i nete m arked " :" on pr . S-ll and S-12.
{See
corresj>onding ilote on i). S-7.
9 Includes data for item s not she wn sepa rately.
S-6
August 1972
SURVEY OF CTJRKENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
Annual
1972
1971
June
July
Aug. Sept.
Oct. Nov. Dec,
Jan.
Feb. Mar. Apr.
May
June
27,708
' 2, 294
'2,343
' 4, 635
'2, 248
'1,456
27, 994
9, 220
504
2,444
2,365
4,811
2,298
1,426
July
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERSJ— Continued
Shipments (seas. adj.)J— Continued
By industry group:
Nondurable goods industries, total $ mil. $ .
Food and kindred products
do
Tobacco products
do
Textile mill products
do
Paper and afiied products. _
__do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products _«
__do _ By market category: J
Home goods and apparel
do
Consumer staples
do
Equipment and defense prod excl auto do
Automotive equipment
do
Construction materials and supplies
do
Other materials and supplies
do
Supplementary series :J
Household durables _
do
Capital goods industries cf
do
Nondefense
do
Defense
do
Inventories, end of year or month :J
25,734
8,413
485
2, 057
2, 126
4,372
2,117
1,356
25,684
8,467
484
1, 995
2,112
4,345
2, 166
1,395
25,815
8 444
485
2,065
2,205
4 377
2,133
1,419
25,883
8,421
492
2, 052
2,152
4,497
2,143
1,403
25,910
8,469
499
2, 134
2,132
4,359
2,189
1,387
26,652
8,853
499
2, 104
2, 176
4, 454
2,164
1,389
26,827
8 951
484
2, 174
2, 184
4, 490
2,140
1, 421
27,224
8,986
626
2,182
2, 305
4, 643
2, 206
1,444
27,158
9,000
525
2,216
2,318
4,551
2,222
1,420
27,652
9,077
519
2,331
2, 317
4,671
2,318
1,478
27,638
9,026
501
2,338
2,342
4,680
2,359
1,464
5,679
10,941
8 264
4,639
i 50 733
57 438 4,806
1247 449 1253 060 21,423
5,555
10,891
7 743
4,685
4,809
21,524
6 577
10981
7 863
5,850
4 980
20,494
5,581
11,010
8 036
4,895
4,899
20,790
5,609
11,030
8 094
4, 859
4,921
21,018
5,999
11,451
8 058
4,934
5,065
21,493
6, 042
11,567
8 292
4,702
5,067
21,718
5,970
11,611
8, 531
5, 093
5,183
22,451
5,934
11,663
8,296
5,217
5,252
22,412
6,065
11,764
8,635
5,230
5, 370
22,840
6, 231
11,662
8,836
5,473
5,389
23,150
' 6, 242
11,918
' 9, 017
'5,381
' 5, 496
22,903
6,198
11,929
8,776
5,176
5,466
23,169
2,385
9,726
7,514
2,212
2,358
9, 095
7,292
1,803
2,446
9 236
7,384
1,852
2,442
9,406
7,766
1,640
2, 420
9,445
7,769
1,676
2,606
9,489
7,794
1,695
2,720
9,801
8,243
1,558
2,654
10,149
8,398
1, 751
2,674
9,946
8, 182
1,764
2, 758
10,138
8,404
1,734
2,883
10,320
8,574
1,746
2,913
10,448
8,694
1,754
2,849
10,324
8,690
1,634
1
1 61 171
1
67 077
126,351 1131 852
i 93 654 i 94 935
i 51, 357 i1 57, 532
i 25, 552 i 28, 995
Ull
522 illl 652
1
87 636 11 90 049
1
21, 603
23, 886
' 9, 195
' 511
Durable goods industries total
Nondurable goods industries total
do
do
101 374
66 425
34 949
101 293 101 775 100 914 100 872 100 485 101 062 101 183 101 293 102 098 102,685 102,856 103,251 ' 103,777 103,674
65 446 66 562 66 033 65 997 65, 656 65, 544 65, 461 65/446 66, 134 66,645 66, 894 67, 181 '67,682 67,488
35 847 35, 213 34, 881 34 875 34, 829 35, 518 35, 722 35, 847 35, 964 36, 040 35, 962 36, 070 '36,095 36,186
Book value (seasonally adjusted) totalj
By industry group:
do
101 709
101 665 101 614 101 315 101 283 101 425 101 736 101,699 101,665 101,796 102,158 102,450 102,428 '102,822 103,519
Stone clay and glass products
Primary metals
Blast furnaces steel mills
Nonferrous metals
do
do
do
do
66 826
2 293
9*148
4 951
3 324
65 874
2 279
9 205
4 901
3 463
66 400
2 293
9,162
4 897
3,391
66 176 66 096 66 129
2 305 2 310 2 301
8 821 8 974 9 229
4 545 4 729 4 959
3,404 3,385 3,418
Fabricated metal products
do
TPl
,
7 153
13 984
10 158
15 775
4 203
2 456
7 268
13 497
9 837
15 179
3 933
2 452
7 591
13 815
9*959
15* 192
4,372
2 371
7
13
9
15
4
2
660
788
899
241
278
349
7 670
13 707
9 865
15 082
4,118
2 372
7
13
9
15
4
2
34 883
35 791
35 214 35 139
8 893 8 094.
2 118
2 086
3 584 3 610
2 738
2 744
6 756
6 726
2 245
2 256
2 147
2 127
35 187
2 066
3 619
2 723
6 684
2 311
2 101
35 296 35 711 35 822 35 791
8 936 9 184 9 137 9 169
2 119 2 141 2 170 2, 235
3 629 3 666 3 730 3 622
2 753 2 773 2 817 2 772
6 653 6 669 6* 622 6 693
2 266
2 306 2 317 2 310
2 151
2 065 2 115 2 117
10 591
13 597
26 265
5 609
8 180
37 372
10 628
13 529
26 345
5 532
8 249
37 032
10 677
13 603
26 262
5 388
8 333
37 020
10 766
13 755
26 251
5 276
8 309
37' 068
10 825
13 846
26 156
5 212
8 362
37 335
10 931
13 810
26 248
5 214
8 239
37 257
10 851
13 978
26*347
5 240
8 178
37 071
10 830
13 915
26 393
5*273
8 233
37 152
4 QA1
4 985
29 720
24 778
4 '942
94- ft^7
4 961
29 591
5 001
29 535
24*552
4 983
4 990
29 594
24 509
5 085
4 974
29 664
24 313
5 351
f ! 1
Vj^
""
Transportation equipment
do
Motor vehicles and parts
do
Instruments and related products do
B y stage of fabrication:
Materials and supplies 9
do
Primary metals
do
Machinery (elec. and nonelec ) do
Transportation equipment
do
Work in process 9
do
Primary metals _
do
Machinery (elec. and nonelec.) _.do
Transportation equipment
do..
Finished goods 9
do
Primary metals
do
Machinery (elec. and" nonelec.) ___do___
Transportation equipment
do
Nondurable goods industries, total 9 do
Food and kindred products
do
Tobacco products _
do
Textile mill products
do
Paper and allied products
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products
do
By stage of fabrication :t
Materials and supplies __
-do
Work in process
do
Finished goods
__do
By market category :t
Home goods and apparel _ _ _
do
Consumer staples
do
Equip, and defense prod., excl. auto __do _
Automotive equipment
do
Construction materials and supplies do
Other materials and supplies . _ _ _ do _
Supplementary series :t
Household durables
do
Capital goods industries cf
do
Nondefense
do
Defense
do
New orders, net (not seas adj.) totalt
Durable goods industries, total
Nondurable goods industries total
do
do
do
ft 74.A
2 106
3 564
2 764
6 743
2 252
2 142
10
13
27
5
7
37
9
1fiQ
2 235
3 622
2 772
6 693
2 266
2 151
o ocn
66 025
2 304
9,267
4 957
3, 463
65 877 65 874
2,284 2,279
9,174 9,205
4 865 4 901
3,473 3,463
66 187
2, 257
9,328
6 062
3,439
66, 419
2,253
9,396
5,123
3,432
66, 604
2,234
9,506
5,194
3,459
66, 575
2, 272
9,553
5,247
3,446
'67,035
'2,260
'9,600
' 5, 284
'3,456
67,355
2,278
9,689
5,376
3,456
576 7 577
665 13 629
857 9 809
012 14, 897
Oil
3,938
385 2 417
7 379 7,268
13 637 13 497
9 823 9 837
14, 991 15, 179
3, 938 3, 933
2 452 2,452
7 345 7,371
13 446 13, 400
9 797 9,837
16, 279 15, 419
3,949 4,039
2,512 2,538
7,289
13, 356
9,872
15, 553
4,091
2,507
7,122
13, 390
9,888
15, 536
4,086
2,510
' 7, 185
'13,396
'9,968
'15,722
' 4, 128
' 2, 539
7,125
13,474
9,957
15,963
4,170
2,481
35 609 35, 739 35, 846
9 061 9 153 9 109
2,240 2,240
2,256
3 636 3, 642 3,728
2 743 2 734 2,747
6,691
6 667 6,656
2 235 2,215 2 185
2 165 2 199
2* 175
35-, 853
9 111
2,260
3,780
2,731
6,648
2,199
2 230
'35,787 36, 164
' 8, 987
9, 088
2,231 2,218
' 3, 817 3,829
' 2, 749
2, 744
' 6, 663 6, 701
' 2, 208 2,232
' 2, 274 2, 315
10890
13986
26530
5 358
8 202
37 192
10,957
13916
26562
5 419
8 172
37 424
10,960
13901
26 523
5 413
8 118
37 513
'11,113
'13,780
'26,597
' 5, 499
' 8, 164
'37,669
5 023
29 673
24 296
5 377
4 956
29? 792
24*314
5 478
5 003
29* 858
24 226
5 632
5 029
29 824
24 208
5 616
' 5, 171 5, 192
'29,939 30, 185
'24 326 24 537
'5 613 5 648
66 325
30 748
25 577
59 579
60,627
33, 161
27 466
62,444 61,974 '61,063
34, 223 34,256 33, 590
28 221 27 718 '27 473
65,793
36,758
29 035
59 547
60 614
63 074
466
334
026
464
976
443
10 851
13 978
26 347
5 240
g' i7g
37 071
4 972
30 565
24 623
5' 942
94. ^1<V
5 351
29 673
24 648
5 025
4 754
4 977
29 600
24 718
4 882
618 345
324 *342
294 003
660 892
352 428
308 464
66 977
30 317
26 660
51 960
27 447
24 513
54372
28 326
26 046
57419
30 316
27 103
57 818 57 126
30 677 30 440
27 141 26 686
55 430
29, 793
25 637
Ifilft 34.*i
^660 892
54 376
54 934
66 213
65 029
55 928
57 621
57 558
4 974
29 664
61 209 '61 475
11,289
13, 930
26, 766
5,560
8,164
37, 810
By industry group:
324, 342 352, 428 28, 619 29,230 30^ 426 29, 193 29,959 30, 923 30, 676 32, 262 32, 221 32, 845 33, 529 33, 765 35,058
Durable goods industries total 9
do
5,339
5,465
4, 644 4,888 5,243 4,999
4,212
4,416 4,038 4,256 4,361 4,608 4, 662
52, 413 54, 537
Primary metals
do
2,751
2,391 2,547 2,343 ' 2, 659
2,201 2,250
2,167
1,844
2,203 1,703 1,940 1,985
24,910
26, 362
Blast furnaces, steel mills
do
1,975
1,791 1,858 1,835 2,004 1,994 '1,961
21, 173 21,095 1,798
1,617 1,721 1, 692 1, 765 1,792
Nonferrous metals
do
3,271 3,380 3,413 3, 395 '3,371 3,508
3,120
3,140 3,226 3,110 3,055 3,165 3,191
39, 009
37, 782
Fabricated metal products
do
5,884
5,254 5,574 5,654 '5,668
5 006 4 769 5 062 5 083 5 246 5 237 5 302 5,384
54 366
58 837
IVTachinery except electrical
do
4,694 4,833 '4,841 4,790
4,329 4,596
4,049
47, 830
50, 398
4,259 4,290 4,355 4, 434 4, 369 4,371
Electrical machinery
do
8,309
'7,332
7,641
8,064 7,388 7,036
6,270
79, 045
66, 709
6,548 7, 532 6,405 6, 792 6,982 6,674
Transportation equipment
do
3,180
1,891 2,081 '2,079
1,492
1,864 1,599 1,415 1,785 1, 817 1,829
1,793 1,490
17, 120
19, 273
Aircraft missiles, and parts
do
294, 003 308, 464 25,757 25, 704 25,787 25, 836 25, 969 26, 698 26, 882 27, 317 27, 326 27, 769 27, 680 '27,710 28,016
Nondurable goods industries total
do
7, 620
7 284 7 438 7 628 7 533 ' 7, 489
6 732 6 686 6 828 6 751 6 914 6 960 7 076
76 883 80 705
Industries with unfilled orders©
do
Industries without unfilled orders?
do^__. 217! 120 227,759 19,025 19,018 18, 959 19, 085 19, 055 19, 738 19,806 20, 033 19, 888 20,141 20, 147 '20,221 20,396
r
l
2
(old series) categories.
©See corresponding note on p. S-7.
Revised.
Based on data not seasonally adjusted.
Advance estimate; total mfrs.
ITFor these industries (food and kindred products, tobacco manufactures, apparel and
new orders for June 1972 do not reflect revisions for selected components. {See correspondother textile products, petroleum and coal products, chemicals and allied products, and
ing note on p. S-7.
9 Includes data for items not shown separately. cfCapital goods
rubber and plastics products) sales are considered equal to new orders.
industries series is comparable to the previous producers' capital goods and defense products
STJKVEY OF CTJKKENT BUSINESS
August 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1972
1971
1971
Annual
S-7
Jane
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
Tune
July
GENERAL BUSINES S INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES*
AND ORDERSJ -Continued
New orders, net (seas, adj.) J— Continued
By market category:
Home goods and apparel
mil. $
Consumer staples
do Equip and defense prod., excl. auto. _ _ do_ __
Automotive equipment
do
Construction materials and supplies
do _
Other materials a n d supplies _ _ _ _ _ d o
Supplementary series:
Household durables
do
Capital goods industries 1T
do
Nondefense
do
Defense
- do
Unfilled orders, end of year or month (unadjusted),
totalt
- - - - - - - -mil. $__
Durable goods industries, total___
do
Nondur goods ind. with unfilled orders©
do
2
61, 204 2 67, 288
2126,361
2131,891
2
88,
920 2 94, 865
2
2
48,838
58, 163
2
50, 605 2 56, 867
2242,417 2251,818
5,673
10,927
7,922
4, 633
4,741
20,480
5,602
10,898
7,767
4,736
4,927
21,004
5,602
10,984
8,047
5,828
4,899
20,853
5,577
11,003
7,789
4,936
4,726
20,998
5,658
11,039
8,304
4,958
4,788
21,181
6,111
11,459
8,449
5,081
4,969
21,552
5,933
11,576
8,321
4 828
5,072
21,828
6,006
11,618
9,083
5,211
5,192
22,469
5, 939
11,665
8,446
5,576
5,318
22,603
6,138
11,765
8, 522
5,161
5,497
23,531
6, 290
11,666
9,012
5,470
5,355
23,416
2
25, 624 2 29, 173
2103,275
2111,015
2
81, 861 2 88, 777
221,414 2 22, 238
2, 382
9,175
7,516
1,659
2,409
9,256
7,213
2, 043
2,470
9,513
7,492
2,021
2,441
9,103
7,471
1, 632
2,457
9,694
7,859
1,835
2,708
9,935
7,932
2,003
2 600
9,850
8, 131
1, 719
2,692
10,745
8, 166
2,579
2,670
9,969
8,196
1,773
2,829
10,344
8,528
1,816
2,945
10,744
8,785
1,959
3,012
10, 569
9, 036
1,533
2,950
11,967
9,173
2, 794
72,785
69, 747
3,038
73,392
70,345
3,047
73,563
70, 594
2,969
73,279
70,377
2, 902
73,586
70, 591
2,995
73,935
70, 884
3,051
74,386
71,323
3 063
76,043
72, 900
3,143
77,336
73, 981
3,355
77,962
74, 481
3,481
78,409 ' 77,993
74, 850 74, 398
3 559
3,595
79, 322
75, 728
3,594
' 6, 359 6,301
' 11,919 11, 913
' 8, 895 10, 272
' 5, 247 5,178
»• 5, 470
5,508
*• 23,585 23, 902
75,388
72,467
2,921
74, 386
71,323
3, 063
75, 873
74 826
73,625
73,352
73,820
73,638
74 035
74656
74 826
75 566
76339
77059
77 528 r 78 045
80 402
72, 912
6, 599
3,734
1,961
71, 723
6,043
3 432
1,744
70, 627
5,941
3,254
1,827
70, 334
5,341
2,647
1,834
70, 830
5, 603
2 940
1,820
70, 695
5,850
3,220
1,781
71, 033 71, 608
5,991
5, 948
3 371
3 316
1 783 1, 770
71 723
6 043
3 432
1 744
72 370
5,983
3 407
1 731
72, 975
6,073
3 493
1 716
73, 578
6,383
3 660
1 837
74 005 74,521
6 350 «• 6, 759
3 606 r 3 907
1 874 1,963
76 855
7,242
4 340
2 006
10, 108
12, 622
14,069
23, 674
15, 437
9,432
12, 632
14, 430
23, 121
14 322
9,908
12, 301
13, 758
22, 668
13, 753
9,931
12, 225
13, 903
22, 824
14,040
9,850
12, 350
14, 030
22, 815
14 090
9,702
12, 285
14, 204
22, 616
13 919
9,550
12 430
14 446
22, 747
14 054
9, 440
12 610
14, 557
22,936
14 151
9,432
12 632
14 430
23 121
14 322
9,461
12 742
13 975
24 155
14 417
9,593
12 805
13 949
24 452
14 159
9,673
13 051
13 948
24 390
14 311
9 626 »-9,556
13 156 * 13 258
13* 999 r 14 171
24 635 r 24,483
14 553 14 689
9,654
13 572
14 347
25 718
16 012
2,961
3,103
2,998
3,018
2,990
2,943
3,002
3,048
3,103
3,196
3,364
3,481
1, 968
39, 717
9,810
24,378
2,224
40 227
9,238
23,137
2,075
39,194
9,598
22,758
2,129
39,269
9, 716
22,238
2,157
39 431
9,635
22,597
2,146
39 225
9, 462
22,805
2,204
39 534
9,329
22968
2,324
40 072
9,233
23 027
2,224
40 227
9 238
23 137
2,267
40 897
9 247
23 155
2,274
41 406
9,313
23346
2, 358
41 224
9/440
24 037
1 627
44, 142
26, 672
17, 470
1 810
43, 483
25 385
18* 098
1 717
42,604
25 535
17,069
1 768
42,765
25456
17,309
1 792
43,042
25564
17,478
1 791
42,739
25 269
17*470
1 828
42,988
25 369
17 629
1 930
43,434
25 497
17 937
1 810
43,483
25 385
18 098
1 848
44 079
25 153
18 926
1 844
44,102
25 167
18 935
1 915 1 977
44,308 44,733
25 291 25 502
19 017 19 231
New incorporations (50 States and Dist. Col.):
Unadjusted©
number.. 264, 209
Seasonally adjusted©
do
287, 547
26,266
•24,691
24, 898
25,073
23, 698
25, 142
22, 748
23, 278
23,977
25 050
22 799
25 828
26 051
25' 629
25 715
24 685
24, 340
24, 743
30 003 J>25 982 * 27 814
27 399 *26 940 v 26 193
10, 326
1 464
1,545
1 932
4 428
935
137
118
199
410
71
786
106
109
156
340
75
848
108
131
169
345
95
741
117
114
140
304
66
759
110
119
142
313
75
819
131
126
129
353
81
730
93
101
126
353
57
750
95
130
139
305
81
880
130
118
121
425
86
Unfilled orders, end of year or month (seasonally
adjusted), totalj
mil. $
By industry group:
Durable goods industries, total?
do
Primary metals.
__
do
Blast furnaces, steel mills
do _
Nonferrous metals
do
Fabricated metal products
Machinery, except electrical
Electrical machinery.- _
Transportation equipment
Aircraft, missiles, and parts
____do____
do
do
__do
_ do _
Nondur. goods ind. with unfilled orders©_.do
By market category:!
Home goods, apparel, consumer staples do.
Equip, and defense prod., incl. auto
do
Construction materials and supplies
do
Other materials and supplies.
.do
Supplementary series :t
Household durables
do
Capital goods industries 1[-__
_. . _do._Nondefense.
do
Defense _ _ _
do
r
3, 524
3,547
2, 421 '• 2, 539
41 398 rr41 142
9* 406 r 9/379
24 303 24 985
2, 626
42 636
9*, 420
25 720
3,523
2 077 2 179
44, 853 46, 494
25 842 26 323
19* Oil 20 171
BUSINESS INCORPORATIONS^
INDUSTRIAL AND COMMERCIAL
FAILURESc?
Failures, total
number
Commercial service
_ _. _
do
Construe tion__
do
Manufacturing and mining
do
Retail trade
_
do
Wholesale trade
do
Liabilities (current), total
Commercial service
Construction...
_ _
Manufacturing and mining.
Retail trade _ _ _ _ _
Wholesale trade
_ _
thous. $
do
do
do
do
do
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns. _
10, 748
1,392
1,687
2,035
4,650
984
1,887,754
298, 736
231, 533
817,841
360, 603
179 041
243.8
957
986
116
146
194
445
85
808
121
102
134
365
96
856
115
128
127
398
88
730
88
81
126
338
97
1,916,929 165,840 147, 028 165, 555 115, 847 144 702 128 998 111 322 101 619 191, 331 220 662 148 467 190 139 127 900
356 923 16, 122 39 055 27 516 24 983 15 912 16 533 18 170 15 776 36 057 26 578 14 142 29 482 14 228
222 357 24, 406
8 593 13.205 20, 267 13 288 11*601 12 473 18 261 24 946 26 815
8 518 16 980 10 447
712, 611 85, 082 62, 851 65, 460 38, 580 54, 706 63 619 44 742 36 515 77 847 113 437 60 566 32 323 48 979
444 086 29, 952 22 523 34 071 20 178 40 771 23 026 27 953 19 374 28 604 42 284 48 870 35 848 27 036
180 952 10, 278 14 006 15 304 11 839 20 025 14 219
7 984 11 693 23 §77 11 548 16 371 75 506 27 210
241.7
44.3
39.6
43.6
40.1
38.1
41.6
37.5
35.7
291
246
395
242
157
161
294
245
340
246
168
165
303
251
356
255
173
165
40.8
41.2
36.5
38.2
34.2
310
248
320
255
173
166
304
243
290
235
173
166
303
253
327
264
174
168
313
261
342
272
180
170
317
263
319
270
180
166
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS
Prices received, all farm products. ____1910-14=100__
Crops?
do
Commercial vegetables
do
Cotton.
_
do
Feed grains and hay
;__ do
Food grains—.
____
do
Fruit.—.
do
Tobacco
_
__
do
Livestock and products 9 _ _ _ _
do
Dairy products
do
Meat animals.do
Poultry and eggs..
do
Prices paid:
All commodities and services
...
_do____
Family living items
...
do
Production items
do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14=100
Parity ratio §
do
280
227
294
183
177
163
285
243
323
209
185
167
287
255
326
195
205
177
284
246
309
193
195
165
286
242
279
228
174
158
289
240
306
233
157
161
323
262
328
261
178
164
245
604
326
345
405
151
265
619
321
354
402
133
320
614
314
334
400
128
286
615
317
340
403
130
285
627
324
347
409
135
263
638
324
361
404
132
291
641
328
366
414
125
257
655
331
371
417
128
251
664
338
371
426
138
255
671
349
369
453
130
259
664
363
365
481
130
263
665
357
362
468
138
260
666
346
352
459
122
275
666
357
345
485
123
310
665
364
342
498
125
278
676
376
348
515
136
336
366
314
352
382
331
354
383
333
353
383
332
355
386
333
355
387
333
355
386
332
357
387
335
357
389
335
360
391
338
363
395
340
364
395
341
365
396
343
366
398
344
369
400
348
372
403
349
390
410
412
411
412
413
413
415
416
420
423
423
428
428
432
433
r
72
70
70
69
69
Revised.
* Preliminary.
1 Advance estimate; 2 total mfis. unfilled orders for June
1972 do not reflect revisions for selected components.
Based on unadjusted data.
{Revised back to 1966 to reflect benchmarking to the Annual Survey of Mfrs. for 1966-70 and
calculation of new seasonal factors; revisions back to 1966, new seas, factors, and other technical data appear in a special Census Bureau report entitled Mfrs,' Shipments, Inventories,
and Orders: 1966-72 (Revised). Series M3-1.4 (available from the U.S. Gov't Printing Office,
Wash., D.C. 20402; price $.70).
IfSee note marked "<?" on p. S-6.
©Includes textile
r
282
234
273
228
167
156
70
72
75
68
72
70
71
73
71
73
73
mill products, leather and products, paper and allied products, and printing and publishing
industries; unfilled orders for other nondurable goods industries are zero.
9 Includes data
for items net shown separately.
cfCompiled by Dun & Bradstreet, Inc. (failures data for 48 States and Dist. of Col.).
0 Revisions for Jan.-Dec. 1970 will be shown later.
§ Ratio of prices received to prices paid (parity index).
SURVEY OF CUERENT BUSINESS
S-8
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS
1970
1971
Annual
August 1972
1971
June
July
Aug.
Sept.
1972
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
COMMODITY PRICES—Continued
CONSUMER PRICES
(17. 8. Department of Labor Indexes)
Unadjusted indexes:
All items
Special group indexes:
All items less shelter
All items less food—
All items less medical care
-,.1967=100..
_.
!
Commodities _
Nondurables
Nondurables less food.
._...
Durables? _ . __ _^
Commodities less food
..
Services
Services less rent
.do
-do
do
do
do
do
do _
do
do___.
do
Food?
_.
.do
Meats, poultry, and
fish
__do_ _
Dairy products
do
Fruits and vegetables __ _ . .
__do_
Housing
__.
_do___
Shelter?
do
Rent
do
Homeownership
__do
Fuel and utilities ?
...
-.do
Fuel oil and coal
do
Gas and electricity
do
Househ old furnishings and operation. . . do.
Apparel and upkeep
do
Transportation
T
do
Private
do
New cars.
do
Used cars
._ .. __
do
Public
do
Health and recreation ?
-do
Medical care ^__
._
do.
Personal care
do
Reading and recreation
__
.do
116.3
121.3
121.5
121.8
122.1
122.2
122.4
122. 6
123.1
123.2
123.8
124.0
124.3
124.7
125.0
125. 5
114.4
116.7
116.1
119.3
122. 1
120.9
119.8
122.2
121.1
120.0
122.4
121.4
120.2
122.7
121.6
120.2
123.1
121.7
120.3
123.5
122.1
120.4
123.7
122. 3
120.9
123.9
122.7
120.9
124. 0
122.8
121. 5
124.2
123.4
121.8
124.5
123.6
122. 1
124.9
123. 9
122.4
125.4
124.3
122.7
125.7
124.6
123.1
125.9
125.1
113.5
114.0
113. 1
111. 8
112.5
121.6
123.7
117.4
117.7
117. 0
116. 5
116. 8
128. 4
130.9
117.9
118.1
116.9
117.4
117.1
128.2
130.6
118. 1
118.3
116.7
117.5
117.0
128.8
131.2
118.2
118.6
117.2
116.9
117.1
129.4
131.9
118.1
118.7
118.2
116.4
117.4
129.8
132.3
118.4
118.8
118.7
117.1
118.0
130.0
132.5
118.5
118.9
118.7
117.4
118. 1
130.4
132. 9
118.9
119.5
118.8
117. 2
118.1
130.8
133.3
118.7
119.2
118.1
117.3
117.7
131.5
134.1
119.4
120.3
118.4
117. 1
117.8
131.8
134.4
119.7
120.6
118.9
117.3
118.2
132.0
134. 7
119. 9
120.7
119. 1
117.7
118. 5
132.4
135.0
120.3
121.0
119.7
118.4
119.2
132. 7
136.3
120.7
121. 2
119.5
119.2
119.4
133.1
135.7
121.2
121. 7
119.3
119.6
119.4
133.5
136.2
114.9
116. 5
111.8
113.4
118.9
123.6
110.1
128.5
107. 6
110.1
107. 3
113.4
116.1
112. 7
111.1
107.6
104.3
128.5
116.2
120.6
113.2
113.4
118. 4
116.9
115.3
119.1
124.3
128. 8
115.2
133.7
115.1
117.5
114.7
118.1
119.8
118.6
116. 6
112.0
110.2
137.7
122.2
128.4
116.8
119.3
119.2
117.4
115.7
125.1
124.0
128. 3
115.2
133.0
114.6
117.4
114.6
118.7
120. 1
119. 6
117.6
113.9
114.1
139 0
122. 1
128.6
116 8
119 3
119.8
118.0
116.0
126.0
124.5
128.8
115.4
133.5
115.5
117.5
114.7
118.9
119.3
119.5
117.4
113.8
113.5
139. 0
122.6
129.3
117.1
119.6
120.0
118.7
116.0
123.6
125.1
129.5
115.8
134.4
116.3
117.8
115.7
119. 1
119.0
119.3
117. 3
109.3
112.5
139.1
123.1
130.0
117.5
119.7
119.1
119.1
116.1
116.6
125.5
130.1
116.1
135.1
116. 3
117. 8
115.7
119.4
120.6
118.6
116.4
105.6
111.6
139.3
123. 6
130. 4
117.6
120.5
118.9
118.4
116.0
115.6
125.9
130.6
116.4
135. 7
116.3
117.8
115.7
119.6
121.6
119.3
117.2
109.1
111.7
139.3
123.6
129.6
117 9
120.5
119.0
118.1
115.9
117. 8
126.4
131.3
116.6
136.7
116. 8
118. 1
116. 2
119.5
121. 9
118. 8
116 6
109.6
110.2
139 3
123 7
129 7
117 9
120 8
120.3
118.9
116.1
124.4
126.8
131.6
116.9
137.0
117.9
118.1
118. 2
119.6
121. 8
118. 6
116.3
110. 4
107.2
139.7
123.9
130.1
117.9
121. 1
120.3
120.7
116.4
120.9
127.3
132.3
117.1
137. 8
118.7
118.7
119.0
119.6
120. 2
119.0
116.4
112.2
105. 3
143.4
124.3
130.5
118.1
121.4
122. 2
126.3
116.9
123.9
127.6
132. 5
117.5
138.0
119.3
118.7
119. 4
119. 6
120.7
118.3
115.7
111.9
103.0
143.5
124.7
131.0
118.4
121.6
122.4
126.8
117.3
121.4
127.9
132.7
117.7
138.2
119.6
118.7
119.7
120. 1
121.3
118.4
115.9
111.7
103.9
142.3
125.0
131.4
118 7
121.7
122.4
125.9
117.4
122.1
128. 2
133.0
118.1
138.5
119.9
118.6
120.2
120.5
121.8
118.6
116.1
111.7
106. 4
142.7
125.5
131.7
119.1
122.3
122.3 123.0
126.4
124.8
117. 0
117.3
127.2
123.9
129.0
128.5
134.1
133.4
118.8
118.3
139.6
138. 9
120. 1 120.1
117.8
118. 7
120. 3
120.5
121.0
120.8
122. 1
122.6
119.6 '119.8
117.1 1-117.3
111. 3
111.4
110.0 * 112. 0
143.0
142.7
126.1
125.8
132.4
132.0
120.0
119.7
122.9
122.5
124.2
129.9
116.8
128.4
129.5
134.9
119.0
140.7
120.2
117.7
120.3
121.1
121. 1
120.3
117.8
111.0
112.7
143.3
126.3
132.7
120.0
123.0
11 113. 4
112. 6
1 113. 8
U08.0
U09.3
U07.1
108.1
111 1
106.1
108.3
113.8
104.7
108.3
111.3
106.1
107.4
107 3
107. 5
106 7
105 5
107.4
105 8
104 3
106 9
106.7
106.4
106.8
110.3
109 7
110.7
112.4
111.3
113.0
114.4
110.4
117. 2
115.6
110.1
119.5
119.2
112.2
124.3
119.1
112.7
123.7
119.8
114.4
123.7
WHOLESALE PRICESd"
(U.S. Department of Labor Indexes)
Spot market prices, basic commodities:
22 Commodities
1967=100
9 Foodstuffs
do
13 Raw industrials
do _
110. 4
113.9
114.3
114. 6
114.9
114. 5
114 4
114 5
116.4
116.3
117.3
117.4
117.5
118.2
118.8
119.7
By stage of processing:
Crude materials for further processing
do
Intermediate materials, supplies, etc . -do
Finished goodsO
do
Consumer finished goods
do
Producer finished goods
do
112.2
109.8
110.4
109.9
111.9
115.0
114.0
113.5
112.7
116.6
116.9
114. 0
113 8
113.1
116. 5
116.6
114.8
113.8
113.0
116.8
115.2
115.6
114.1
113.3
117.1
113.9
115.4
113.6
112.7
116.9
114 3
115.0
113 8
112.9
117.1
114 3
115 0
114 0
113.1
117 0
117.0
115.4
116.0
114.2
117. 8
120.2
115.9
115.5
114.7
118.4
123.1
116.7
116.3
115.6
118.8
123.1
117.2
116. 1
115.2
119.0
123.0
117.7
115.8
114.8
119.3
J25.fi
118.2
lit). 4
115.5
1X9.4
127.2
118.6
116.9
116.1
119.6
130.1
118.8
117.8
117. 3
119.7
By durability of product:
Durable goods
Nondurable goods
Total manufactures .
Durable manufactures. - _ _
Nondurable manufactures
do
_ _do
do
__.do
do
112.4
108.9
110.2
112.0
108. 2
117.0
111.7
113.8
117.0
110. 5
116.7
112.5
113.8
116.7
110.8
117.5
112.4
114.5
117.5
111.4
118.4
112.4
114.9
118.5
111.2
118.2
111.7
114.7
118.3
111.0
118.2
111.6
114.5
118.3
110.6
118.1
111. 8
114 5
118.3
110.7
118.6
113.0
115.1
118.8
111.3
119.2
114. 1
115.7
119.3
112.0
120.0
115. 3
116.6
120. 1
112.8
120.4
115.2
116.7
120.4
112.9
120.7
115.1
116.9
120.8
112.9
121.0
116. 2
117.4
121. 0
113.6
121. 2
117.0
117.8
121. 3
114. 3
121.4
118.6
118.3
121.5
115.1
All commodities
...
.do..
.do
111. 6
113.8
115.4
115.0
114. 6
113.0
113.0
113.6
115.9
117.4
119.6
119.1
118.3
120.0
121.3
124.0
Farm products ?
____
do
Fruits and vegetables, fresh and dried-do
Grains
do
Live poultry
_ do
Livestock . .
do
111.0
111.6
98.8
99.6
116.7
112.9
120.1
100 9
100.3
118 3
116.0
136.1
109.4
108.1
118.9
113.4
109. 3
102.5
121.1
121.3
113.2
115.9
92.8
100.8
121.3
110.5
103.6
89.0
102.8
119.1
111.3
115.8
88.3
93.5
120.9
112.2
127.1
87 8
92 3
121 0
115.8
126.3
95.3
87.2
124.7
117.8
124.9
94.1
94.3
132. 2
120.7
127.5
93.0
105.4
139.6
119. 7
112.8
93.8
107.6
136. 7
119.1
117. 6
96.0
94.1
133.8
122.2
120.6
97.5
96.3
139.8
124.0
121.7
94.5
102.9
146.4
128.0
129.9
96.3
118.4
152.4
Foods and feeds, processed ?
Beverages and beverage materials
Cereal and bakery products
Dairy products
Fruits and vegetables, processed
Meats, poultry, and
fish
.do
do
do
do
do_
do
112. 0
112.9
107.6
111.2
110.4
115.8
114.3
115.8
111.4
115 4
114.3
116.0
114.9
115.7
111.5
116.1
115.4
116.7
116. 0
115.9
111.5
116.2
115.9
119.6
115.4
116.1
111.4
115.4
116.2
117.7
114. 6
116.0
111.3
115.4
115.7
117.5
114.1
116.4
111.3
116.4
115.3
116.9
114.4
116.6
111. 5
116 3
115.4
117.1
115.9
116.4
111.6
117.4
115.8
120.4
117.2
116.4
112.2
117.3
116.0
125.4
118.8
116.8
112.4
117. 5
116.1
130.5
118.6
116.7
112. 6
118.0
116.7
127.3
117.7
117.2
112.8
117.5
118.3
123. 6
118.6
117.2
113.3
117. 4
119.0
126.8
119.6
117.8
113.3
115.3
119.5
131.4
121.5
117.9
113.6
117.7
119.6
135.8
Farm prod., processed foods and feeds
do
110. 0
114.0
113.9
114.5
115. 1
115.0
115.0
114.9
115. 3
115.9
116.5
116.8
117.3
117.6
117.9
118.1
Chemicals and allied products ? .
Agric. chemicals and chem. prod
Chemicals, Industrial..
Drugs and Pharmaceuticals
Fats and oils, inedible
.
Prepared paint...
do
do____
do
do
do
do
102.2
88.4
100.9
101.1
133.3
112.4
104.2
92.2
102.0
102.4
133.5
115. 6
104.4
94.1
102.2
102.3
132. 0
115.9
104.4
93.4
102.4
102.6
130.8
115.9
104.3
91.0
102.4
102.7
134.2
115.9
104.3
91.0
102.4
102. 6
132. 9
115.9
104.2
90.4
102.4
102.6
129.0
115.9
103.8
90.3
101.7
102.4
125.3
115.9
103.4
90.3
101.1
102.5
115.9
115.9
103.4
90.3
101.4
102. 3
111.3
116.2
103.5
90.2
101.4
102.2
110. 7
117.3
103.4
90.6
101.0
102.5
103.5
117.9
104.1
92.2
101.5
102.4
112.2
118.3
104.4
92.1
101.4
102.8
116.0
118.3
104.3
92.3
101.4
103.1
115. 9
118.3
104.2
91.9
101.5
103.2
113.2
118. 3
Fuels and related prod., and power ?
Coal
Electric power.
.
_.
Gas fuels ..
Petroleum products, refined.
do_ _ _ _
do
do _
do
do
105.9
150.0
104.8
103. 3
101. 1
114.2
181.8
113. 6
108.0
106.8
114.4
182. 5
113. 0
107. 5
107. 4
114.4
182.9
113.5
107.7
107.2
114.8
182.9
115. 3
107.2
107.3
115.3
182.9
116. 4
108.4
107.3
114.8
182.9
116.3
108.8
106.3
114.7
182.9
116. 2
108.8
106. 2
115.0
190.2
116.3
107.9
106.1
116.0
192.7
118.9
110.0
106.1
116.1
192.6
120.0
110.2
105.5
116.5
192.6
120.0
110.9
106.3
116.9
191.2
120.5
112.5
106.6
117. 5
191.2
121.2
113. 0107.3
118.2
191.2
121.5
112.9
108.5
118.6
191.2
122.1
113.2
109.1
110.2 110.2 110.2 110.2 110.2 110.8 110. 9
107. 5
107.4
107. 6 107.5 107.6 107.4 106.9
116. 8
115. 6 115.6 115.4 115.5 116.0
116.7
92.9
93.4
93.8
93.0
93.3
93.4
93.8
commodities. O Goods to users, incl. raw foods and fuels.
111.0
107. 5
116.9
92.8
111, 1
107.2
117.1
92.9
111. 2
107.1
117. 2
92.6
111.4
107.3
117.4
92.4
Industrial commodities
109.9
107.5
Furniture and household durables ?
do
109.8 110.0 110.2
107.2
105.3
107.1 107.0 107.4
Appliances, household
do
114. 8 115.2 115.3 115.5
111. 6
Furniture, household. _ _ _
do .
93.9
93.8
94.0
93.6
93.6
Home electronic equipment
..do
r
Revised.
* Preliminary.
1 Computed by BEA.
? Includes data for items not
shown separately.
cfFor actual wholesale prices of individual commodities, see respective
August 1972
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
Annual
S-9
1972
1971
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
COMMODITY PKICES^Continued
WHOLESALE PRICESd"— Continued
(17. 8. Department of Labor Indexes— Continued)
All commodities— Continued
Industrial commodities— Continued
Hides, skins, and leather products 9
1967=100Footwear
_
_ do
Hides and skins
do
Leather
do
Lumber and wood products.
_ __ do
Lumber
do
110.1
113.0
104 4
107.7
113 7
113 7
114.0
116 8
115 1
112 5
127 0
135 5
114.2
116.8
114 0
114 4
126. 1
134 4
114.2
116.8
114 0
114 4
130.6
142 5
114.4
117 1
114 6
114 4
134 6
146 7
114. 7
117 1
117 7
113 4
134 3
146 8
114.7
117 1
117 2
113 4
131 8
142 7
115.1
117.1
123 1
113 6
131.3
141 9
116.2
117 1
128 6
117 0
132 7
143 8
117.8
118 1
136 0
120 0
134 9
146 9
119. 1
118 5
148 9
120 6
137 7
150 4
123.0
120 1
173 8
128 4
139 5
152 4
127.2
122.4
188 6
138 1
141 1
155 1
129.6
124 6
200 3
137 8
142 7
157 0
130.9
125.8
204. 1
138.6
144. 2
159.0
131.6
126.5
212.5
138. 1
146. 1
161.6
Machinery and equipment 9---—do
Agricultural machinery and equip
do____
Construction machinery and equip
do- —
Electrical machinery and equip
do
Metalworking machinery and equip
do _.
111.4
113.0
115.5
106.4
114 0
115.5
117. 2
121 A
109.5
117 3
115.5
116. 9
121.2
109.4
117 9
115. 7
117.4
121.6
109.5
117 7
116.1
117.5
121.9
109.9
118 1
116.0
117.5
121. 8
109.7
118 0
116.0
117.6
121.8
109.6
118 1
115.9
117.5
122. 0
109.3
118 2
116.2
118.6
123.2
109.3
118 4
116.5
119.9
124.3
109.5
118 5
117. 1
121.5
124.7
110.0
118 9
117.3
122.0
125.0
110. 1
119 4
117.6
122.1
125.7
110.2
119 7
117.9
122.3
125. 6
110.5
120 0
118.1
122. 7
125.9
110.6
120 2
118.3
122.7
125.9
110.7
120.5
Metals and metal products 9—--
116.7
110 6
115. 1
125 0
119.0
115 5
121 8
116 0
118.5
115 2
120 3
116 4
119.4
115 9
121 9
116 9
121. 1
116 8
125 3
117 1
121.1
116 7
125 6
116 5
121.0
116 3
125 5
116 3
120.9
116 5
125 3
116 0
120.8
116 3
125 3
114 9
121. 4
115 9
126 8
114 4
122.6
116 2
128 2
115 0
123.4
117 0
128 3
117 2
123. 5
117 9
128 3
117 6
123.6
118 1
128 3
123. 6
118 6
128 1
117 6
123.5
119.0
128.3
116.8
124.2
124.1
124.0
124.2
124.3
124.6
124.8
125.6
125.9
125. 8
126.2
117.2
117.4
125 3
113 9
113 5
116 2
108. 9
108 7
117.5
126.0
115. 7
113.7
116.7
109. 2
109.5
-i-io q
114 3
113 6
114 4
122 6
108 6
m
99 2
114. 0
115.1
123.0
108.9
(i)
100.0
113.8
118.1
114.2
118.5
114 2
114.4
114.1
118.4
114. 9
114.5
117.5
_do
Treating equipment
Iron a n d steeL _ __
Nonferrous metals
do
_ _ _ _ _ _do
do
Nonmetallic mineral products 9 ~
__do____
Clay prod., structural, excl. refractories
do_. __
Concrete products
do
Gypsum products.—.
_ __ do. __
Pulp, paper, and allied products
do
Paper
do
Rubber and plastics products.
.do
Tires and tubes
_ _do___-
113.3
122.4
122. 2
123.3
124.2
109.8
112 2
100. 0
108. 2
111.0
108.6
109. 0
114. 2
120 6
106 8
110.1
114 1
109.2
109.2
114.5
120 1
104 0
110 2
114 3
108.7
107.5
114. 5
121 6
112 7
110 5
114 6
109.7
111 2
114. 9
122 8
114 3
110 6
114 7
109.8
111 4
114.9
122 6
114 5
110 6
114 7
109.7
110 8
114.9
122 6
113 6
110 6
114 7
109.5
110 8
114.9
122 6
112 1
110 6
Textile products and apparel 9 ._ _ _- do_ __
Apparel.__
__'_
do
Cotton products
do
Manmade fiber textile products _
do_ __
Silk yarns
do
Wool products
..
do
107.2
111.0
105.6
102.1
114. 3
99.4
108.6
112.9
110.6
100. 8
(1)
93 5
108 5
112. 3
110 9
101 4
01
934
109 2
113 3
111 9
101 9
M
92 6
109 7
113 6
112 5
103 1
W
92 7
109 7
113 8
112 2
103 1
d\
92 5
109 6
113 8
112 2
102 6
Transportation equipment 9 --.Dec. 1968=100—
Motor vehicles and equip
1967=100—
Mlseellaneous products 9 . .
.do
Toys, sporting goods, etc
.__
do
Tobacco products
do
104.5
108.5
109. 9
109.4
114.0
110.3
114.7
112.8
112.6
116.7
110.0
114.4
112 6
112.6
116 5
110.3
114.7
112 8
112.6
116 6
110.5
114.9
113 0
112.6
116 8
109. 6
113.8
113 0
112.6
116 8
$0. 906
. 860
$0. 878
.824
$0. 875
.823
$0. 873
.821
$0. 870
.819
$0 873
.818
114.8
123 4
113 4
110 8
114 9
109.5
110 3
116.1
123 8
112 8
111 6
115 3
109.2
108 4
116.2
109.5
110 8
114.9
122 9
114 1
110 7
114 7
109.4
110 8
108 9
108 4
117.2
125 1
114 9
112 8
115 9
108.7
108 4
110.6
113.8
113.6
104.3
(i)
91.5
111 3
113 8
116 7
105 4
d\
92 0
112 0
114 0
118 0
105 9
(i)
92 2
112 1
114 1
112 6
114 2
92 4
109 8
113.8
112 5
103 2
m
92 3
106 1
/\\
()
107 2
/i\
930
110.7
115.2
113 0
112.6
116 8
110. 8
115.3
113 1
112.8
116 8
112.9
117.5
113 2
113.1
116 7
113.4
117.9
113 7
113.5
117 4
113.6
118.0
114 0
114.0
117 4
113.6
118.0 o
$0 874
817
$0 873
.816
$0 867
.812
$0 860
.812
$0 853
.808
$0. 852 $0. 851
.806
.805
8,418
d\
114. 7
194. fi
115 3
112 3
m
7
1 1Q fi
Q9 0
m
114.5
1174.
m
K
113. 7
118.0
114, 1
114.0
m
4
mo
-joe i
m
A.
113 2
11 R Q
108.8
108 4
m
e
1 AQ r\
/i\
()•
Qfl ^
1 14. 1
114.1
m
e
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices. .
Consumer prices ... _
1967=$!. 00
do
$0. 846 $0 842 $0. 835
.802
. 800 .797
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE 1
New construction (unadjusted), total f
mil. $_.
Private, total 9
_
Residential (including farm)___
New housing units.
do
do^
do
Nonresidential buildings, except farm and public utilities, total 9----——mil. $._
Industrial
_
do
Commercial.- _ _ _ _ _
do
Public utilities:
Telephone and telegraph.
do
Public, total 9
___
_
Buildings (excluding military) 9 _
Housing and redevelopment
Industrial.
.
Military facilities
Highways and streets
_
109,399
9,867
10,056
8,177
8,921 '9,648 '10,516
11,186
65, 932
31,864
24, 272
79, 535 r 7, 108 ' 7, 279 ' 7, 470 ' 7, 434 '7,447 ' 7, 357 '7,043 '6,351 ' 6, 101
43,062 r 3, 936 '4,063 ' 4, 157 ' 4, 175 ' 4, 147 '4,066 ' 3, 890 '3,542 '3,379
34, 860 ' 3, 121 '3,300 '3,404 '3,438 '3,413 '3,344 ' 3, 214
2,963 2,848
6,739 ' 7, 356 ' 7, 887
3,753 '4,203 ' 4, 531
3,131 '3,390 '3,604
8,311
4,835
3,896
21, 417
6,538
9,754
22,479
5,423
11,619
1, 951
459
1,004
2,022
465
1,087
2,071
423
1,160
1, 928 '2,041
382
'393
'1,155
1,066
2,130
420
1,184
3,005
r 281
230
259
2,968
10, 317
10,190
2,011
421
1,087
252
10, 235
10,010
2,034
460
1,093
2,012
430
1,098
' 250
9,175
1,913
433
1,023
1,748
362
956
1,677
328
934
1,839
364
1, 005
"260
270
'194
'219
do
28,098
29,864 '2,759 ' 2, 777 '2,847
2,756 '2,788 '2,653
r 2, 132
'2,064
2,076
do
do
do
10,657
1,107
499
11,397
1,136
572
'973 '1,000
83
'94
48
51
1,056
118
52
908
93
45
888
89
44
908
66
39
855
64
46
871
61
48
928
67
48
47
do
do
718
9,981
82
894
'76
88
76
88
10, 658 > 1,119 '1,094 '1,067 '1,095 '1,073
86
'936
83
'660
'75
585
66
552
83
633
72
798
'83
94
120.6 '122.4
123.3
New construction (seasonally adjusted at annual
rates), total ^
bil. $
Private, total 9
94,030
do
Residential (including farm)
do
Nonresidential buildings, except farm and public utilities, total 9.....
bil. $
Industrial
do
Commercial
do
Public utilities:
Telephone and telegraph.
._
do
966
104
60
'956
81
33
1, 047
82
54
268
245
108.5
110.2
111.0
110.7
114.0
114.6
115.6
120.8
121.7
123.0
'80.5
' 82. 1
'81.6
'82.4
'84.2
'85.2
'88.6
' 90. 8
92.6
91.7
'92.6
93.3
'42.9
'43.6
'44.6
'45.6
'46.4
'47.1
'47.9
'49.6
'51.9
53.1
'52.8
'52.4
53.0
r22.9
'23.3
5.4
'12.5
'23.3
4.9
'12.9
21.9
4.6
'11.7
' 22. 2
5.0
'11.8
'22.9
4.9
'12.3
'23.0
4.9
'12.4
23.9
4.9
'13.3
'23.5
4.7
'13.2
24.0
4.8
13.2
5.5
'11.7
23.8 '24.6
4.7
4.6
13.4 ' 134. 1
'3.1
2.7
3.0
2.9
2.7
'3.0
'3.0
'3.2
'3.2
3.2
'29.7
'29.0
'29.1
'31.6
'30.5
'30.3
'32.2
'30.9
30.4
, 2-9
28.9
Buildings (excluding military) 9 _.
..do
'10.6 '11.2 ' 11. 6
Housing and redevelopment
do
'1.2
1.1
1.1
Industrial
do
.6
.5
.6
Military facilities
do
.9
1.1
.9
Highways and streets
do
'11.0 ' 10. 2
'9.6
'Revised.
»Preliminary.
* Series discontinued.
cfSee corresponding note on p. S-8.
9 Includes data for items not shown separately,
f Data have been revised to reflect the incorporation of new basic data, the change in estimating procedures, the modification of the type of construction classifications for private nonresidential buildings, the inclusion of farm housing in new private housing units, and the
'11.3
'1.0
.6
.8
'10.3
'12.4
'1.2
.6
.9
'11.2
'12.1
'1.3
.7
'1.0
'10.8
' 12. 2
1.2
.5
.9
'10.4
'12.4
'1.2
.5
'1.0
"11.2
'11.7
.8
.6
1.0
'10.2
'10.8
'.6
.6
'1.2
"10.3
10.1
.6
.5
1.0
11.2
473-463 O - 72 - S 2
do
2,875
'79.7
'28.9
Public, total 9
281
2,182 '2,292 ' 2, 629
25.0
5.0
13.7
3.4
'29.8
10.6
.8
.5
30.0
.4
1-1
introduction of the results of a survey covering private nonresidential building construction
in the 13 Western States. More detailed information may be obtained from the Bureau of
Censuus Report C30-70S, available from the Superintendent of Documents, U.S.Government Printing Office (Washington, D.C. 20402).
S-10
SURVEY OF CURRENT BUSINESS
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1971
August 1972
1971
Annual
June
Aug.
July
Sept.
1972
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
8 478
July
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION CONTRACTS
Construction contracts in 50 States (F. W. Dodge
Division, McGraw-Hill):
Valuation total
mil. $
Index (mo data seas adj )
68, 160
80 590
r g 001
7 670
7 712
6 814
6 568
6 405
6 286
6 234
5 607
7 284
8 100
9 098
1967 — 100
*123
1144
147
151
153
154
137
155
160
165
165
169
167
165
154
mil. $
do
21, 977
41, 735
22 626
47 879
2 747
r 5 255
2 683
4 987
2 299
5 413
2 010
4 804
1 837
4 731
1 012
1 087
2 137
4 097
1 634
3 973
1 686
5 598
1 741
6*359
2 574
6, 524
2 517
5,960
do
do
do
24, 394
24, 676
18, 992
25 846
37 119
19* 925
r
2 776 2 621
r 3 463
3 357
r
l 763 1 691
2 120
3 255
2,337
2 246
3 196
1,372
2 065
3 171
1 332
2 128
3 001
1 275
1 959
2 997
1*331
1 728 1 799 2 187
2' 664
3 617
2 667
1 840 1 144 1 480
2 182
2 908
4 428
3 971
1 947 1 762
2 447
4,375
1, 655
do
66, 937
2 837
4,725
3 828
4,749
6,024
9,919
4 456
6,500
7 133
4,234
5,000
196. 8
137 3
193.8
116. 9
197.0
146.5
194.3
107.7
205.9
151.3
204.6
111.7
175.6
125.2
173.8
102.1
181.7
132 5
179.7
102.9
176 4
128 9
173 7
92 9
155. 3
118 1
152 1
80.4
150. 9
112 2
149 1
76 2
153. 6
117. 2
152.2
76. 3
205.8
151 6
203.9
111. 4
213.2 ••227.9 ' 223. 1
154.6 '161.2157. 2
211.6 ' 225. 8 r 219. 9
119.8 ' 135. 2 ' 130. 5
2,008
1,150
2, 091
1,162
2, 219
1, 198
2,029
1,172
2,038
1,155
2,228
1,242
2 457
1 347
2 487
1*415
2, 682
1,325
2,369
1,302
2,109
1,167
'2, 350
r- 2, 294
r 1,344
r 1, 281
2,181
1,279
1 907
1,849
2,052
2,006
960
865
1, 952
908
2,173
1,928
914
1,900
903
32,082
3997
496 6
47.8
45.6
54.0
535
60.0
521
131
131
133
1 258
1 411
1 359
I 174
1 257
1* 394
1 312
1 168
1 236
Public ownership
Private ownership
By type of building:
Nonresidential
Residential
Non-building construction
New construction planning
(Engineering News-Record") O
T
263
244
4, 799
3,894
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total (private and public)
Inside SMSA's
Privately owned
One-family structures
thous
do
do
do._
,_ _
Seasonally adjusted at annual rates:
Total privately owned " _
.
One-family structures
._
1, 469. 0
1, 034. 4
1, 433. 6
812.9
2 084 5
1 618 5
2 052 2
1 151 0
do
do __
New private housing units authorized by building
permits (13,000 permit-issuing places) :
Monthly data are seas. adj. at annual rates:
Total.
thous._
One-family structures.
do
Manufacturers' shipments of mobile homes:
Unadjusted
do
Seasonally adjusted at annual rates
do
1,352
647
401.2
525
545
134
134
1, 928
928
940
31,955
r 3 923
32, 121
' 3989
39. 7
48.8
53.4
54. 7
634
51.5
595
135
136
136
137
1 326
1 316
1 482 1 636
1 417 1 419
1 195
1*190
1 259 1 260
1,336
1,540
1, 425
1, 266
1, 264
1 341
1,540
1,435
1,266
1 264
1, 348
1,545
1,436
1, 267
1,265
897
2,292
1, 049
2 105
1 043
2,078
980
50 8
39.9
513
34 4
520
33.3
554
552
134
134
509
954
572
604
137
138
203.6
202.6
118.2
CONSTRUCTION COST INDEXES
Dept of Commerce composite
1967~~100
122
American Appraisal Co., The:
Average 30 cities
Atlanta
New York
San Francisco
St Louis
1913 ~~ 100
do
do
do
do
1 132
1, 254
1 202
1,088
1 116
Associated General Contractors
of America, Inc.,
The (building only) d"1
1967—100
Boeckh indexes:
Average, 20 cities:
Apartments, hotels, office buildings
1967=100. .
Commercial and factory buildings
.__do
Residences
do
Engineering News-Record:
Building.
_
._
1967=100—
Construction
_ _ do_ _
I
01 Q
"126
1 286 1 298 1 297 1 296
l' 429 1* 441
1,440
1 439
1 412 1 416 1 415 1*415
1,184
1 195 1 193 l' 189
1 249
1 263 1 252 1 252
146
149
295
'439
415
187
252
135
160
124. 4
123.1
122.4
135.0
133.9
133.3
132.0
130 3
136.5
135. 2
135.6
137.2
136. 1
136.3
138.5
138.1
137.5
138.5
138.1
1 ^7 fi
138.5
138.1
1 q7 c
138. 5
138.1
•iq7 K
141.8 ........
140.6
141 4
124. 4
128.9
140.5
146.7
140. 6
147. 2
141.8
149.3
143.4
160.9
147.4
153.2
147.2
153.6
147.4
153.6
147.9
154.6
149.0
155.6
131 7
•jqq A
162.1
174. 1
198.3
184. 9
188.9
197.0
182.2
165.2
do____
do
do
166.4
162.3
194.3
182. 7
9flo ft
201.9
191. 6
176.7
193.0
97ft fl
Mortgage applications for new home construction:
FHA net applications
-thous. units _.
299. 1
360.4
143. 7
217.9
34.7
378
23.5
30.9
392
21.0
31. 5
359
20.0
234
218
253
231
Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount
_mil. $_. 8, 113. 73 10,374.60 951. 62 983. 62
3,442.90 6,065.83 523. 36 563. 32
Vet. Adm.: Face amount§_._.___
do
7fr
578. 34
696. 10
821 04
520.25
7,637
Federal Highway Adm.— Highway construction:
Composite (avg. for year or qtr.) --._ .1967 =100. __
CONSTRUCTION MATERIALS
Output index:
Composite,unadjusted9_-_
1947-49=100..
Seasonally adjusted
do.__
Iron and steel products, unadjusted
Lumber and wood products, unadj
Portland cement, unadjusted....
OCQ
7
176.8
161. 8
162. 0
-IAA Q
145 5
130 7
141 0
255 3
255 7
215 1
156 8
f]
99 1
71 7
351
291
450
16.4
15.7
207
228
151. 2
157.2
152. 1
157.6
152. 7
158.5
131 3
153.7
159.9
2 154. 6
2161.3
133.7
135.5
133 6
135 5
179.0
174.0
150.5
156.6
144.6
144.2
145 0
143.5
143.1
143 3
143 2
m
a
r ig7 2
90
Q
r 26 7
208 6
REAL ESTATEf
Requests for VA appraisals _ _ _ _ _ _ _ _ do
Seasonally adjusted annual rates
do
Federal Home Loan Banks, outstanding advances
to member institutions, end of period
mil. $__
New mortgage loans of all savings and loan associations, estimated total
mil. $__
By purpose of loan:
Home construction
__do
Home purchase...---.
.__do
A l l other purposes _ _ _ _ _ _ _ _ _ _ d o
Fire losses (on bldgs., contents, etc.).__
250
7, 936
7,241
7,338
7,514
21, 387
39, 485
4,301
4,151
4, 111
718
6,835
18,810
13,840
2,109
1,474
101 070
116 698
mil. $_ 2, 263. 92 2, 245. 84
686
641
7
AOft
2,225
1,245
1,951
1,093
10 144
9 603
9 508
10 068
189. 44
175. 36
OCQ KA
OCQ
789. 56
719. 71
7ft
RA.fi
333
15.4
326
16.8
232
224
935 45
639. 38
27 9
20 6
20 9
260
221
20.0
21.7
18.5
813 63
616. 73
798 12
717. 71
653 69
516, 86
627 34
643. 05
7 9QC
6 515
5 992
5 913
5 863
6 075
3
3 819 r 4 603
5 427
836
876
9 fi^9
9 04.0
fi7Q
481
518
712
1,717
1,079
1, 661
1,048
1,690
1,429
1,253
1,400
898
931
1,861
1,337
9,527
10 141
10,602
175 40
168 80
211 04
fiftQ
162 57
3,298
q
•too 7/\
1 Q7
20 4
21.7
20.6
99 ft
248
KQ9
Af\fi
217
207
CQQ
q
2,087
1,378
r
2
Revised.
? Preliminary.
1 Computed from cumulative valuation total.
Index
as of Aug. 1, 1972: Building, 155.3, construction, 162.9.
3 Data reflect new seasonal factors
and are not entirely comparable with those for periods prior to May 1972. July 1971 data on
new basis (thous.): Total, 2,034; one-family, 965; all other revisions will be available later.
OData for July and Sept. 1971, and Mar. and June 1972 are for 5 weeks; other months, 4
18.1
21.7
oaf)
10, 615
4,150
10, 239
6,998
97
343
Q1 ft
707
1,819 -rr 2,276
1, 491
1,293
OKA &(\
weeks.
9 Includes data for items not shown separately.
§Data include guaranteed
direct loans sold.
c?New base; comparable data for earlier periods will be shown later.
IfHome mortgage rates (conventional 1st mortgages) are under money and interest rates on
p. S-17.
« Corrected.
SURVEY OF CURRENT BUSINESS
August 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
In the 1971 edition of BUSINESS STATISTICS
1970
1971
Annual
S-ll
1971
June
July
Aug.
Sept.
1972
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
DOMESTIC TRADE
ADVERTISING
McCann-Erickson national advertising
index,
seasonally adjusted:f
.
Combined indexf
1957-59=100__
Television (network)
__do __
Spot TV
- .-- do
Magazines
- do
Newspapers »
'
- do
199
249
318
165
127
199
233
302
175
141
210
266
322
176
136
208
242
325
182
142
212
246
322
184
164
202
226
335
175
140
205
239
295
175
157
201
248
296
173
138
201
246
290
174
140
209
235
319
185
153
207
258
292
184
140
205
244
327
178
134
215
257
335
181
149
Magazine advertising (general and natl. farm magazines):
Cost, total
._
• , _ . . _ ' . _ _ _ mil. $~ 1, 185. 7
50.9
Apparel and accessories
do
95.3
Automotive, incl. accessories
_ _ _ _do .
20.8
Building materials. ._
do
156.6
Drugs and toiletries
do
99.4
Foods, soft drinks, confectionery
- do _
1, 261. 4
47.0
111.3
19.2
158.6
108. 1
104.2
2.2
9.7
1.6
14.6
9.2
77.6
16
6.7
.9
11 1
8.2
76.8
3.9
5.0
1.1
11.3
6.3
109.9
6.8
7.7
2.1
13.9
8.5
132.5
4.7
16.9
2.2
15.6
12.0
132.3
4.8
9.9
2.1
13.8
13.1
100 7
34
4.4
.7
12 6
10 1
72.4
16
5.7
1.1
91
51
94.0
3.0
9.1
1.1
13.3
9.8
107.4
43
11 3
2.5
12 2
10 4
121.0
60
11 6
33
13 4
10 4
128.9
38
14 4
3.5
14 4
9.8
109.0
1.7
12.2
2.2
13.3
10.6
98.0
71.1
43.8
16.4
64.7
468.9
88.2
64.0
33.1
17.8
118. 2
486. 0
8. 9
4.8
3.1
1.4
10.8
37.8
5.6
3.6
2.0
1.6
9.5
26.9
4.5
2.7
2.4
1.3
9.6
28.8
64
57
32
17
95
44 3
94
8.0
3.1
1.4
10 1
60 1
12 2
73
35
17
94
64 6
13 4
5i
20
11
96
38 4
29
23
2-1
11
82
33 2
4.2
3.9
1.9
2.2
8.8
36.8
56
59
26
17
85
42 3
74
85
24
23
87
46 9
83
98
3.8
17
88
50.7
8.5
6.2
2.4
1.7
9.6
40.6
Newspaper advertising expenditures (64 cities) : ©
Total*
.
.
mil. $ .3,119.5
92. 8
Automotive
~do
724.3
Classified
-dO--_
117.0
Financial
do
426. 5
General
do .
1,759.0
Retail
.do
3,289.9
101.9
764.3
106. 6
461.8
1, 865. 3
273 6
10 3
65.2
98
39 2
149 1
239.7
8.8
64.7
86
27 9
129.8
265.6
89
70.6
61
29.8
150.2
275 6 i 321 4 i 319 8 i 293 2
98
85
80
48
73.1
64.8
63 9
54. 3
96
90
10 3
94
38.8
49 1
48 2
35 0
153. 3 180.5
190 3
189 6
279 4
68
71 1
13 6
39 9
148 1
273.7
8.6
69.6
8.6
40.0
146. 9
313 7
10 8
76.1
10 9
44 8
171.1
332 6
92
83 7
12 2
50 7
176 8
324. 6
10.4
81.4
99
48.2
174.7
310.3
8.3
79.3
11.5
43.6
167.6
Beer wine liquors
Household equip., supplies, furnishings
Industrial materials
S^aps, cleansers, etc
Smoking materials
Allother
. .
__
do
do_.
do
do
do .
do. _
1
WHOLESALE TRADE
23 684 22 367 23 148
ll' 233 10* 384 10*788
12 451 ll' 983 12 361
23,418
10,855
12,563
22, 787
10, 696
12,091
23 356
10666
12,690
23 654
10, 478
13 176
21 756
9 '725
12031
22,012
9,951
12,061
24 938
11 567
13 371
r
23 044 25 290 25,473
10 977 ' 11 898 12, 167
12*067 ' 13,392 13,306
27 308 27 606
16 420 16* 686
10 888 10' 921
27 584
16 645
10 939
27707
16616
11,091
28 200
16, 754
11, 446
28 493
16 759
11 733
28 828
16 987
11 841
29 064
17 041
12*023
29 079
17 171
11908
29 289
17* 412
11 877
29 608
17 740
11 868
408, 850
131, 814
78, 916
72, 538
6,378
35033
12, 056
7,401
6,785
616
34 560
11, 299
6,799
6 217
582
33 840
10 923
6 353
5 806
' 547
34 102
11,418
6,758
6, 237
521
35 659
12,089
7,329
6,781
548
36 018
11 796
7,100
584
42 572
11 931
6 149
5 570
579
30 604
9 661
5,756
5 317
'439
30 987
10 181
6,192
5 760
432
36 220
12 258
" 582
7 020
562
35 381 r 38 141 ' 38,561 ' 36 958
12 085 ' 13 288' 13,564 2 12,582
7 372 8, 162 r 8, 272 27,595
6 782 '7r 539 7,618
654
623
590
17, 778
10,483
6,073
18, 560
11, 004
6, 221
1, 655
923
537
1 521
930
496
1,624
898
507
1,610
976
519
1 677
1,009
546
2 173
1 159
811
1 660
906
540
1 673
1 021
516
1 595 rT 1 689 ' 1, 765 21,744
1,080
1, 034
*969
r
557
530
508
16,346
11,995
3,351
261, 239
19,810
4,630
7,582
3 501
17, 378
13, 733
3,645
277, 036
20, 804
4,727
8,193
3,532
1,638
1, 286
362
22, 977
1, 673
405
654
280
1 625 1 663 1,610
1, 283
1 344 1,304
306
342
309
23, 261 22,917 22,684
1,570
1 637 1,674
346
354
349
663
625
635
295
316
266
1,628
1,302
326
23,670
1,741
379
701
292
1, 568
1,244
324
24,222
1,897
439
752
303
13, 352
29, 689
86,114
79, 756
27, 994
13, 736
31, 131
89, 239
82, 793
29, 163
1,106
2,752
7, 445
6,881
2,512
1 099
2 530
7 185
6 673
2,493
1 565
2 688
8 300
7 707
2,528
61, 320
68, 134
5,452
55,812
37, 295
3,853
6,959
7,980
62, 242
42, 027
4,301
6,972
8,773
4, 993
3,398
317
551
731
33,827
10, 782
6 409
5, 869
540
1, 541
894
542
1,518
926
480
Merchant wholesalers sales (unadj.), total mil. $
Durable goods establishments
do
Nondurable goods establishments
do
246, 643
111, 778
134, 866
267, 367
122, 420
144,937
Merchant wholesalers inventories, book value,
end of year or month (unadj.) total
mil. $
Durable goods establishments
do
Nondurable goods establishmentsdo
26, 622
15,318
11,304
28, 828
16, 987
11, 841
375, 527
114, 288
64,966
59,388
5,578
r
T
29 669
17 855
11 814
29, 603
17, 999
11, 604
RETAIL TRADE t
A>11 retail stores::}:
Estimated sales (unadj ) total J
mil $
Durable goods stores 9
_ __ do
Automotive group
do
Passenger car, other auto, dealers
do
Tire, battery, accessory dealers
do
Furniture and appliance group 9
- do _._
Furniture, homefurnishings stores
do __
Household appliance, TV, radio
__do
Lumber, building, hardware group
do
Lumber, bldg. materials dealerscf— do
Hardware stores
do
Nondurable goods stores 9
~_
-do
Apparel group
. __ _do
Men's and boys' wear stores
do
Women's apparel, accessory stores - do
Shoe stores
do
Drug and proprietary stores
do
Eating and drinking places
do
Food group
do
Grocery stores. _ „ _ _ _ ___ d o
Gasoline service stations _ _ _ _ . _ _ _ _ _ , - _ ,_do____
General merchandise group with nonstores 9 __ _
mil. $
General merchandise group without nonstores 9 §.
_ .mil. $
Department stores..
do__ .
Mail order houses (dept. store mdse)_do
Variety stores
_
_
-,.do
Liquor stores
_ . _
.do
Estimated sales (seas, adj.), total J
do
Durable goods stores 9 - do
Automotive group
do
Passenger car, other auto dealers
do
Tire battery accessory dealers
do
Furniture and appliance group 9
do
Furniture homefurnishings stores
do
Household appliance, TV, radio _. do
1,106
2,829
7,970
7,408
2,633
1 627
*941
488
1 550
919
505
1,809
1 540 1 223 1 240 1 466
1 544 '• 1 731
1* 127
' 984
998
1*226 ' 1,r 356 1,446
1 176
239
363
*9on
375
242
413
318
30, 641 20,943 20,806 23,962 23,296 ' 24,853 ' 24,997 2 24,376
3 001 1 437 1 309 1 734
1 667 ' 1 766' 1, 737 2 1, 567
445
'419
302
' 750
353
' 365
*390
644
fi2R
»-680
521
1 183
547
665
0-17
> 304
297
9O4.
235
210
403
1 167
1 154
2 CQO
7 87fl
a'fiQQ
7 334
2; 488
7 067
2,456
r
I 210
r 2 886
r 7 996
'7 378
r 2, 602
5 673
5 151
3*367
419
600
743
36 450
12, 087
7,073
6,464
609
K AQfi
'6 002 '6 012 25 753
4 064
2 646
'327
464
652
35345
11,457
6,689
6,121
568
1,728
1,027
573
1,780
1 058
568
1 132
2 889
7 284
6 748
2,626
1,087
2 650
7 350
6,818
2,475
1,115
2,722
7 566
7,022
2,509
6,271
5 569
5, 620
5, 862
6,824
9 904
4 426
4 512
4,778
3,205
292
637
779
33,688
10, 747
6,431
5,910
521
5 085
3 371
369
549
712
34,655
11, 298
6, 830
6,284
646
5,082
3,444
359
537
708
35219
11,833
7,365
6, 809
556
5,291
3,568
404
552
738
34 964
11, 695
7 109
6 564
545
6,245
4,195
575
621
758
35 574
11,885
7, 248
6,690
558
9 361
6 518
548
1 133
1 073
34 896
11, 334
6, 639
6,162
477
4 004
2 680
*269
419
669
34886
11,475
6,578
6,028
550
1,542
936
509
1, 497
903
477
1 583
964
510
1,575
946
520
1,651
954
558
1,741
1,020
607
Lumber, building, hardware group 1 do
1, 438
1,493
1,446
Lumber, bldg. materials dealers d
do
1 122 1 135 1 186
Hardware stores
do
324
303
307
' Revised.
i Data for Sept.-Dec. 1970 are as follows (mil. $): 256.2, 279.5, 309.5, 264.4;
7.0,9.0,7.1,5.6;
58.6,60.1,58.0,46.1; 8.9,10.2,7.8,8.8; 37.9,42.6,48.5,30.6; 143.9,157.6,188.1,173.2.
2
Advance estimate. ^Source: Media Records, Inc. 64-City Newspaper Advertising
Trend Chart.
*New series. Beginning Jan. 1971 the series was revised to reflect trends in
newspaper advertising expenditures in 64 cities instead of linage in 52 cities as formerly published.
{Revised to reflect new sample design, improved techniques, and new information
from the 1967 Census of Business; revisions for periods prior to Oct. 1970 appear on p. 55 ff.
a sie
1 105
2 454
7* 101
6 620
2,388
1 101
2 402
7 105
6 619
2,264
7 KSfi
5
/107
q 040
OKO
580
70Q
36,287
11,965
7,067
6,490
577
' 1, 206 2 1, 214
'3 016 2 3 060
' 8 178 2 g 112
' 7, 608 2 7 544
'2,614 2 2, 657
' 5, 520 2 5 260
'3 688 ' 3, 745 2 3 530
354
'388
616
'620
'751
764
'
36,674
' 37,120
' 37,356
' 12,272 '12,100 ' 12,431
7,179
'7,302
' 6, 719 6,619
560
'583
r & 501
1,743 '1,748
1,044 '1,016
583
'576
1, 730
1, 031
539
1,562 '1,592
1,577
1,622
1,548
1, 685
1,576
1, 515 1,575
1,488
1, 251
1,246 ' 1, 250
1,249
1,359
1,270
1,249
1 179 1 193 1,255
316
'342
326
352
320
299
322
326
327
309
of the Dec. 1971 SUBVEY (complete details appear in the Census Bureau Monthly Retail
Trade Report, Aug. 1971 issue). 9 Includes data for items not shown separately.
t Formerly Marketing/Communications advertising index. Series revised in June 1971;
comparable 1970 monthly data are in the SURVEY for that month (no comparable earlier data
are available).
cf Comprises lumber yards, building materials dealers, and paint, plumbing* and electrical
stores.
§ Except department stores mail order.
S-12
August 1972
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
j 1971
1972
1971
Annual
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
DOMESTIC TRADE—Continued
RETAIL TRADEf— Continued
All retail storesf— Continued
Estimated sales (seas, adj.)— Continued
Nondurable goods stores 9
mil. $_ Apparel group
do
Men's and boys' wear stores
__do_
Women's apparel, accessory stores ..do
Shoe stores.__ _
_--do
Drug and proprietary storesEating and drinking'places
Food group
— -Jl
Grocery storesGasoline service stations-
23,045
1,755
413
696
283
22,941
1,729
389
694
285
23,357
1,749
409
686
294
23,386
1,683
385
666
284
23,269
1,700
384
665
291
23,689
1,775
397
699
304
23,562
1,773
388
715
295
23,411
1,732
390
677
286
1, 133
2,574
7,418
6,867
2,390
1,124
2, 567
7,411
6,878
2,433
1,167
2,614
7,478
6,950
2,511
1,138
2,573
7,516
6,993
2, 623
1,133
2,632
7,391
6,851
2,494
1, 141
2, 677
7374
6,944
2, 521
1,165
2,746
7,523
6,994
2,523
1,137
2,745
7,387
6, 860
2,606
1,155
2,714
7,665
7,133
2,493
1, 178
2,814
7,720
7,190
2,534
1,219
2,752
7,795
7,263
2,488
'1,221
' 2, 778
' 7, 974
'7,438
' 2, 529
1, 229
2,795
7, 837
7,294
2,471
6,654
5,653
6,757
5,872
5,817
5,954
6,756
6,874
6,965
6,088
6,025
'6,246
6,180
6,194
3,603
358
684
754
5,160
3,472
354
571
734
6,251
3,511
384
577
741
5,315
3,618
370
671
754
5,247
3,554
382
568
748
5,387
3,641
395
577
742
5,261
3, 607
345
572
728
5,376
3,678
396
599
727
5,486
3,650
399
617
753
5,546
3,664
406
632
800
5,533 '5,731
3,643 '3,838
396
' 423
671
'649
769
'766
49,134
22,438
11,197
3,470
2,794
49,675
23,427
12,048
3,469
2,941
49, 352
23,000
11,698
3,433
2,897
48,657
21, 759
10,453
3,462
2,815
50, 169
22,435
11, 080
3,504
2,814
61, 356
22, 675
11, 094
3,557
2,847
52, 052
22, 759
11, 105
3,632
2,823
49,134
22,438
11, 197
3,470
2,794
48,962
22, 714
11,339
3,413
2,878
49,929
23, 153
11,633
3,479
2,969
61,467
23,808
12,011
3,563
3,053
52,151
24, 156
12, 137
3,641
3,112
62,395
24,307
12, 207
3,644
3,143
51, 938
23,987
11, 878
3,631
3, 106
25,451
4,297
5,235
26,696
4,427
6,723
26,248
4,388
5,427
26, 352
4,423
5,446
26,898
4,648
5,410
27,734
4,818
5,477
28,781
4,949
5,659
29,293
5,052
5,845
26,696
4,427
5,723
26,248
4, 275
5,560
26,776
4,447
5,566
27,659
4,640
5,700
27, 995
4, 707
5,724
28,088
4,630
5,774
27,951
4,542
5,816
9,653
5,429
10,218
6,903
10,331
5,861
10,383
5, 897
10,625
6, 031
11, 209
6,442
11,793
6,846
11,947
7,010
10, 218
5, 903
10,091
5,845
10,436
6,984
10,992
6,366
11,155
6,464
11,237
6,555
11,200
6,492
46, 655
20,490
9,021
3, 451
2,809
60,474
23,124
11,603
3,523
2,872
49, 534
22,679
11,318
3,472
2,900
49, 592
22,707
11,335
3,461
2,894
50, 299
23,313
11,987
3,476
2,846
60,844
23,769
12,380
3,494
2,848
60, 800
23,652
12,259
3,467
2,884
50,377
23,306
11, 890
3,466
2,843
50, 474
23, 124
11, 603
3,523
2,872
60, 542
22,930
11, 305
3, 533
2,931
50,646
22, 958
11,327
3,557
2,987
50,890
23, 025
11,331
3,585
2, 984
51,213
23, 195
11, 386
3,598
3,018
51,907
23, 510
11, 516
3,644
3,069
51, 865
23,306
11, 206
3,638
3,063
26,065
4,467
5,188
27,350
4,602
5,672
26,855
4,647
5,454
26,885
4,550
5,495
26,986
4,566
5,498
27,075
4,654
5,521
27, 148
4,625
5,664
27, 071
4,626
5,647
27, 350
4,602
5,672
27,612
4,652
5,639
27,688
4,627
5,622
27,865
4,654
5,700
28,018
4,702
5, 724
28,397
4,705
'5,780
28, 559
4,707
5,845
10, 163
5, 776
10,866
6,280
10,645
6,093
10, 596
6, 042
10,632
6,043
10,732
6,153
10, 648
6,134
10,609
6,133
10,866
6, 280
10, 922
6,381
11,042
6,380
11, 215
6,470
11,240
6,506
11,373
6,648
11,549
6, 755
117,245
125,607
10,328
10,372
10, 143
10,275
10,639
11,352
15,282
8,991
9,104
10,839
10,502 '11,220
11,432
5,475
819
1,875
1,473
4,344
2,859
1,608
6,741
760
2,123
1,498
4,693
'2,735
1,600
464
66
169
119
362
246
136
417
51
165
108
376
256
131
455
62
165
127
405
263
119
472
56
174
137
367
221
131
483
62
184
121
384
218
147
529
75
199
129
380
r224
142
854
129
335
180
630
'237
209
351
62
124
90
360
'203
138
323
43
121
85
365
' 205
133
do
do
do
do
.__do.___
1
General merchandise group with nonstores $ .
- .mil. $ .
General merchandise group without nonstores 9 §
.
mil. $—
Department stores
do. __
Mail order houses (dept. store mdse.)do ...
Variety stores
do
Liquor stores
-do
Estimated inventories, end of year or month: $
Book value (unadjusted), total t_
mil. $— 45,465
Durable goods stores 9
._. do.
20,014
Automotive group
__
...do
8,832
Furniture and appliance group
-do
3,396
Lumber, building, hardware group . . do
2,733
Nondurable goods stores 9
—do
Apparel group._
do
Food group
:._
_do
General merchandise group with nonstores.
_. —
mil. $-_
Department stores
__. ._ _
do—
Book value (seas, adj.), total %
j.
do—
Durable goods stores 9
do .
Automotive group
_ do _
Furniture and appliance group
;__ do
Lumber, building, hardware group...do_.._
Nondurable goods stores 9
do
Apparel group
do
Food group
__ _.
do .
General merchandise group with nonstores
mil. $
Department stores _
do _
Firms with 11 or more stores: t
Estimated sales (unadj.), total 9
..
do _
Apparel group 9 .
do
Men's and boys' wear stores _do —
Women's apparel, accessory stores.
do, __
Shoe stores
do
Drug and proprietary stores
....do
Eating and drinking places.
_ _ _ _ _ _ _ do _.
Furniture and appliance group— ._.___._ _do..._
General merchandise group with noilstores 9
mil. $
General merchandise group without nonstores §
mil $
Dept. stores, excl. mail order sales. —do
Variety stores
do
Grocery stores _ — _
do
Tire, battery, accessory dealers
do
Estimated sales (seas, adj.), total 9
„ do .
Apparel group 9 _ .
do
Men's a n d boys' wear stores
- d o
Women's apparel, accessory stores
do
Shoe stores...
.
do
Drug and proprietary stores —
.do _
Eating and drinking places
—
do
23,888 24,363
1,741
1,767
409
417
673
671
290
287
496
62
178
144
396
'245
137
24,322 '24,848 '24,574 1 24, 925
1,836 ' 1, 843
1, 785
445
441
r 438
675
674
'703
310
' 317
293
5,660
3,798
404
638
766
458
63
159
130
396
227
141
'267
'156
473
71
170
127
431
273
163
'4,626
4,655
'487
68
'177
'135
r427
46,102
52, 092
4,207
4,021
4,229
4,286
4,442
5,248
7,718
3,300
3,395
4,310
4,218
43,487
31,893
5,417
49,008
36,644
6,398
3,966
2,997
423
3,746
2,807
409
3,974
2,958
419
3,996
2,996
416
4,143
3,092
426
4,939
3,625
490
7,434
5,583
889
3,104
2,323
324
3,169
2,313
362
4,036
2,938
467
3,989 '4,371
2,946 '3,246
468
' 490
4,405
3,310
489
43, 183
1,827
45,235
1,955
3,713
193
4,052
173
3,577
165
3,665
156
3,810
164
3,657
177
4,278
180
3,662
123
3,688
121
4, 118
179
3,893 '4,049
178
'181
4,201
200
10, 552
10,341
10, 571
10, 639
10,442
10,845
10, 644
10, 690
10,866
11, 027
11,085 '11,451
11, 318
486
66
177
125
376
237
480
64
176
126
425
253
462
60
170
123
387
213
462
57
171
124
397
210
494
65
184
127
394
'237
490
64
188
122
410
'249
465
62
170
119
394
'221
462
60
173
122
411
'228
480
68
178
125
413
'247
497
73
172
143
430
215
4,255
4,314
4,525
4,433
4,605
4,469
4,538
4,656
4,564
' 4, 844
4, 779
4,517
3,337
510
475
66
179
113
375
235
r.515
74
'185
' 142
'430
'260
476
70
177
120
438
259
General merchandise group with nonstores 9
mil. $
General merchandise group without nonstores §
mil $
Dept. stores, excl, mail order sales do
Variety stores _
do
4,119
3,068
447
3,974
2,952
443
4,052
3, 012
442
4,243
3,180
450
4,161
3,123
437
4,309
3,225
447
4,205
3,161
446
4, 212
3,114
475
4,279
3,: 160
487
4,373
3,214
500
4,309 ' 4, 586
3,158 ' 3, 395
'510
611
Grocery stores
Tire; battery, accessory dealers
3,852
167
3,766
152
3,842
169
3,774
172
3,671
163
3,821
170
3,701
147
3,773
160
3,907
160
3,918
192
4,059 '4,115
'169
171
4,079
168
do
do
All retail stores, accts. receivable, end of yr. or mo.: cf
Total (unadjusted)
_
mil. $—
Durable goods stores.———
... __._ do
.Nondurable goods stores
_
do
Charge accounts
.
•
do
Installment accounts
do
Total (seasonally adjusted)
Durable goods stores
. _
Nondurable goods stores., _
Charge accounts
Installment accounts. —
4,361
do
do
_._do
do
do
22,860
7,387
15, 473
9,001
13,859
23, 514
7, 753
15, 761
9,385
14, 129
21, 632
7,576
14, 056
8,997
12,635
21,332
7,481
13, 851
8,794
12,538
21,426
7,597
13,829
8,826
12, 600
21,760
7,780
13, 980
8,975
12, 785
21, 826
7, 791
14, 035
9,032
12, 794
22,329
7, 685
14,644
9, 185
13, 144
23, 514
7,753
15, 761
9,385
14, 129
22,312
7,331
14, 981
8,744
13, 568
21, 855
7, 278
14, 577
8,695
13,160
21,900
7,359
14,541
8,865
13,035
'22,049
'7,439
'14,610
r9,026
'13,023
22, 502
7,640
14,862
9,449
13,053
22, 548
7,811
14,737
9,457
13, 091
21,394
7,214
14,180
8,603
12,791
22,046
7,580
14,466
8,986
13, 060
21,638
7,423
14, 215
8,805
12,833
21, 706
7,392
14,314
8,829
12, 877
21, 847
7,507
14, 340
8,908
12,939
21,964
7,605
14,369
8,982
12, 982
21,933
7,581
14,352
8,907
13,038
22,257
7,680
14, 577
9, 081
13,176
22, 046
7,580
14, 466
8,986
13, 060
21, 858
7,508
14,350
8,862
12,996
22,083
7,510
14, 573
9,067
13,016
22, 249
7,633
14,616
9,128
13, 121
'22,305
'7,603
'14,702
'9,128
'13,177
22, 593
7,718
14,875
9,323
13, 270
22, 557
7,651
14,906
9,257
13,300
' Eevised. l Advance estimate.
fSee note marked "$" on p. S-ll. JSeries revised
to reflect benchmarking to the levels of the 1968-70 Annual Retail Trade Reports (Census
Bureau), and also recalculation of seasonal factors for all lines of trade; description of revisions
4,431
and revised data appear on p. 55 fl. of the Dec. 1971 SURVEY (1968-70).
9 Includes data not
shown separately.
§Except department stores mail order.
cfSee note marked "t" on
p, S-ll; data prior to Feb. 1971 will be shown later.
« Corrected.
SURVEY OF CURRENT BUSINESS
August 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
Annual
S-13
1971
June
July
Aug.
Sept.
1972
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July*
LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total, inel. armed forces overseas t
i 207. 05
206.89
207.05
207.22
207.40
207.59
207.78
207.94
208.20
208.31
208.44
208.56
208.70
208.84
86,929
84, 113
79, 120
3,387
75, 732
4,993
87,784
84,968
79,478
3,920
75, 559
5 490
88,808
86, Oil
80,681
3,971
76,710
5 330
88,453
85,678
80, 618
3,764
76, 853
5 061
86,884
84, 135
79, 295
3,444
75,851
4 840
87,362
84,635
80,065
3,470
76,595
4 570
87,715
85,019
80 204
3,262
76,942
4 815
87,541 87, 147 87,318
84,883 2284,553 84, 778
80 188 79 106 79 366
2 g69
2 948
2 909
77,240 276,237 76,458
4 695 2 5 447
5 412
87,914
85,410
80 195
3 094
77,101
6 216
87,787
85,324
80 627
3 287
77,339
4 697
87,986 90,448
85,667 88,055
81 223 82 629
3 531 3 976
77,692 78,653
4 344
5 426
91,005
88,617
83 443
4*061
79,383
6 173
84, 313
79 199
3, 407
75, 792
5 114
1,291
84, 491
79 451
3 363
76, 088
5 040
1, 250
84, 750
79 832
3 416
76 416
4 918
1,253
85, 116
80 020
3 419
76, 601
5 096
1,311
85 225
80 098
3 400
76 698
5 127
1,273
85 707 85 535
80 636 80 623
3 393 3 357
77 243 77 266
5 071 4 912
1,294
1,198
86,313
81 241
3*482
77 759
6 072
1*224
86 284
81 205
3*324
77* 881
6 079
1,137
86 395
81 667
3 337
78 330
4 728
1*148
86 467
81 682
1, 181
83, 930
79. 014
3,374
75, 640
4 916
1,256
86 486
81 394
3*353
78* 041
662
83,401
78 600
3 301
75 299
4 801
1, 175
4.9
3.5
4.8
15.3
4.5
8.2
26
2.8
5.9
5.8
5.9
6.1
6.0
5.7
16 9
5.4
9.9
32
3.5
56
16 2
53
94
31
3.2
5.7
5.8
6.0
4.4
5.8
16.7
31
3.6
32
10 4
30
33
5.5
4.0
5 K
14 5
50
94
14 8
56
9.4
3.5
3.4
3.4
3.4
5.9
4.3
54
17*3
64
96
29
3.4
6.8
5.5
3.9
r 7
53
6.0
4.3
58
17 3
6 4
10 4
32
5.9
4.3
17.1
5.8
4.3
55
16 7
5.7
4.0
16.5
6 4
10.0
57
16.9
54
10 4
33
3.1
6.4
3.4
6.4
5.2
9.7
5.6
5.7
6.2
10.4
6.8
7.0
61
10,3
6.7
7.0
6.1
9.8
6.7
6.8
6.2
9.9
6.8
6.9
6 2
59
10.2
6 2
5Q
10 6
58
58
mil— 1204.88
208.08
LABOR FORCE §
Labor force, persons 16 years of age and over__thous-_
Civilian labor force
_
-._
._do
Employed, total
do
Agriculture
_„_
_ __ _
do _
Nonagricultural industries. _ __ . _ .do
Unemployed.
do .
Seasonally Adjusted t
Civilian labor forcet
...
.
.do
Employed, total
do
Agriculture
_ _ _ _ > . • _
do.
Nonagricultural industries
.__
do. ..
Unemployed
do
Long-term, 15 weeks and over
..do
Kates (unemployed in each group as percent
of total in the group) : J
All civilian workers
.__
_____
Men, 20 years and over
Women, 20 years and over
Both sexes, 16-19 years
White
• . '
Negro and other races __
_
__..
Married men
Occupation: White-collar workers
_
85, 903
82, 715
78, 627
3,462
75, 165
4 088
R 9
Industry of last job (nonagricultural) :
Private wage and salary workers
Construction
Manufacturing
__
_
Durable goods
__
56
9.9
9.7
6.9
7.0
10 6
5 1
in K
3.6
3.6
3.3
6.9
4.1
64
17 9
53
10 6
2*8
3.5
6.2
6.4
9.7
6.6
6.7
63
11 2
69
67
a i
90
6 A
6 7
5A
in ^
A n
6 1
61
9g
6*2
63
70,776
57,442
5.9
4.2
55
17 8
c o
q A
A
•to O
6
O Q
K AAO
1,180
R Q
IK 7
fi Q
m7
Q 44fi
70 OQ7
4 78K
1,155
5
A
Q Q.
0 Q
3.6
6.8
1O K
a n
5
9
e
K
K
A
5
7
K 7
71,374
57, 980
71,928 ' 72,533 '73,361
58,537 ' 59,099 ' 60,004
72,413
59,619
79 frtfl
72 263 r 72 5gg
59,026 ' 59,265 ' 59,388
_ RQS
603
602
3 233 r 3 256 r Q 94.9
18 870 T jg 973
10 770 r iQ/857 r 1H Bfi9
72, 565
59,270
EMPLOYMENT
Employees on payrolls of nonagricultural estab.:
Total, not adjusted for seasonal variation, .thous. .
Private sector (excl. gov't) _ . - _ - - _ . _ _ _
do
Seasonally Adjusted
Total
thous
Private sector (excl. gov't) _ . _ .
_do
Mining
_
.do
Contract construction
. do _ .
Manufacturing
do
Durable goods
_
. . d o
70,616
58, 081
70,699
57,841
71,355
58,422
70,452
58,114
70,642
68,281
71, 184
58,500
71,379
58,337
71, 638
58, 479
72,034
58,805
70,643
57,462
70, 616
58, 081
622
3,345
19, 369
11, 198
70699
57,841
601
3, 259
18 610
10, 590
70 657
57, 819
619
3,255
18 608
10, 598
70,531
57,719
597
3,228
18,533
10,552
70 629
57,686
609
3,219
18, 457
10, 485
70 853
67,998
616
3, 260
18,616
10, 597
70 848
57*913
521
3 290
18 660
10 661
71 042
58,055
525
3,320
18, 603
10 572
71 185
58, 147
607
3 245
18 566
10 548
n
Ordnance and accessories...
do. ._ _
Lumber and wood products
do
Furniture and
fixtures
_ do .
Stone, clay, and glass products
do
Primary metal industries
.do
Fabricated metal<products
'_ .do, . . _
Machinery, except electrical..
do
Electrical equip, and supplies
do
Transportation equipment
do
Instruments and related products, do
Miscellaneous manufacturing ind
do
Nondurable goods
do
Food and kindred products
_do
Tobacco manufactures.
. d o ..
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
Kubber and plastics products, nee _ ..do
Leather and leather products
do
242
572
460
638
1,315
1,380
1,977
1, 923
1,807
459
426
8,171
1,782
82
978
1,372
706
1,107
1,051
190
580
322
193
580
459
628
1,225
1,332
1,791
1,788
1,751
432
411
8,020
1,754
74
962
1,362
688
1,088
1,015
190
582
308
193
574
458
629
1,259
1,333
1,769
1,783
1,759
430
411
8,010
1,751
956
1,357
682
1,088
1,016
189
583
311
191
579
461
625
1,226
1,335
1,770
1,773
1,751
431
410
7, 981
1,762
69
959
1,349
676
1,083
1,008
188
584
303
191
583
456
627
1,156
1,331
1,776
1,772
1,754
430
410
7,972
1,748
70
959
1,351
681
1,080
1,004
188
582
309
190
591
465
633
1, 182
1,346
1,794
1,791
1,758
435
412
8,019
1,765
72
960
1,361
694
1,082
1,008
190
591
306
189
597
467
631
1,187
1,341
1,791
1,793
1,720
437
408
7,999
1,728
69
963
1,365
693
1,085
1,008
189
594
305
186
601
470
634
1,178
1,339
1,797
1,791
1,732
436
408
8,031
1,750
71
970
1,370
691
1, 084
1,008
189
592
306
4,504
14,922
3,824
11, 098
3,690
11, 630
12, 535
2,705
9,830
4,481
15, 174
3,855
11, 319
3,800
11,917
12,858
2,664
10, 194
4,500
15, 135
3,837
11, 298
3,807
11, 895
12,838
2,640
10, 198
4,476
15, 158
3,835
11, 323
3, 806
11,921
12, 812
2,643
10, 169
4,428
15,223
3,844
11,379
3,804
11,946
12,843
2,650
10, 193
4, 460
15, 273
3,865
11 408
3,821
11,962
12, 855
2,674
10, 181
4,442
15, 270
3,873
11,397
3,834
11, 996
12,935
2,675
10,260
48,397
13,738
48,243
13,616
Transportation, communication, electric, gas,
and sanitary services.
thous..
Wholesale and retail trade
do
Wholesale trade
do _.
Retail trade
do
Finance, insurance, and real estate
do
Services.
...
_. do
Government
_• do..-.
FederaL. _
do
State and local
. do
:
77
Production (or nonsupervisory) workers on private
47,766 48, 322 47,995 48,180
nonagricultural payrolls, not seas, adj thous. _. 47,960
13,487 13, 611 13,315 13,524
14,033
Total on manufacturing payrolls
do
Seasonally Adjusted
13,487 13,496 13,440 13,371
14,033
Total on manufacturing payrolls.
.do
7,612
7,534
7,627
7,594
8,043
Durable goods
. _
do..94
95
93
96
131
Ordnance and accessories _.
do
500
503
495
493
500
Lumber and wood products
do
378
375
378
379
380
Furniture and
fixtures
__do
499
499
496
497
507
Stone, clay, and glass products
do..-901
996
965
965
1, 043
Primary metal industries
_ .do
1,012
1,016
1,016
1,013
3,051
Fabricated metal products.
do. ...
1,152
1,156
1,159
1, 170
1,319
Machinery, excent electrical
....do.—
2
'Revised.
*> Preliminary.
* As of July 1.
See note § below.
§Effective Jan. 1972, data reflect adjustment to the 1970 Census of Population. Civilian labor
force, nonagricultural employment, and unemployment figures for Jan. 1972 are raised by
about 0.4% over the 1960-based figures. For comparison of Jan. 1972 (and subsequent months)
with pre-1972 data, the following approximate amounts (in thous.) should be added to the
KQA
58,486
616
3 320
A1Q
A1O
I Q CAQ
Q AQE
58,823
613
3 272
1 8* 777
10 696
i n K74
184
183
600
604
478
474
632
640
1 176 1 18fi
1,331
1,336
1,793
1,784
1 793 1 7Q9
1,719
1,716
J.QA
434
412
419
0
71,729
58,568
182
603
641
1,345
1,798
1,736
423
8,053
1,749
183
604
484
645
1 213
1,356
1,792
1 812
1,743
439
425
O
ftCI
1,003
1,757
70
988
1,365
692
1 f»Q9
1,002
604
612
OAA
185
608
486
646
1 219
1,365
1,802
1 828
1,764
441
426
8 100
1, 751
75
989
1,376
697
1 093
1,000
190
617
010
1,748
1,757
974
1,357
690
1 O84
1,005
979
1,353
688
Ifion
1,003
594
ono
600
4,434
15, 278
3,874
11,404
3,851
12,044
12, 987
2,669
10, 318
4,465
15, 315
3,884
11, 431
3,860
12, 089
13,038
2,669
10, 369
4,602
15,447
3,902
11,545
3,872
12,120
13,098
2,675
10,423
4,479
15,495
3, 913
11,582
3,879
12,177
13,161
2,672
10,489
4,536
15, 518
3,941
11, 577
3,890
12, 217
13,207
2,669
10, 538
4,522
15, 647
3,949
11, 698
3,897
12, 264
13,237
2,669
10,568
48, 384
13,605
48, 712
13, 514
47,381
13,373
47,343
13,465
47, 857
13,572
en
71
IOC
QO.fi
981
1,365
689
'187
'608
3
KQ7
1M
m 814
' 190
'608
193
610
••655
'657
653
r 1 226
- i O1S,
1 9AQ
1,383
1,833
r 4g9
r 4Qn
1,377 ' 1, 376
1,826 ' 1, 833
4Q1
r I g41
r 1 8£fi
'1,778
r 44.7
'423
1,763
1 894
1,762
'426
425
' 1, 750 '1,761
r 74
74
995
'995
' 1,364 '1,360
702
'702
1 097
' 1* JA.Q
006 ' 1, 007
1,757
r 4^1
4K1
r 8 11ft
r ISO,
f
'623
7fi
989
1,329
699
I flQO
1,001
188
'633
QIC
631
qrj7
'4,632
' 15,729
'3,977
' 11,752
'3,934
' 12,368
' 13,259
'2,625
' 10,634
4,520
16,730
3,967
11,763
3,923
12,449
13, 295
2,606
10, 689
48,378 r 48,904 '49,748
13, 626 r 13,723 ' 14,005
49,312
13,639
r
3Jg
' 4, 539
' 15,671
' 3, 970
' 11,701
'3,921
' 12,303
f 13,293
2,670
r 10,623
13,515 13,462 13,505 13,474 13,527 13,597 13,677 13,770 '13,852 '13,884 13,802
7,872
7,594
7,741 7,815 ' 7, 886 '7,897
7,629
7,685
7,614
7,630
7,600
'92
96
91
'95
90
90
89
89
92
94
93
526
523
'523
523
520
519
520
516
515
519
509
405
402
391
403
'406
395
397
400
384
383
388
522
516
'524
'623
502
510
511
514
502
504
502
962
977
'969
934
969
920
937
961
932
922
926
1,061
1,054
1,054
1,016
1,024
1,043
1,011
1,034
1,020
1,026
1,018
1,185 ' 1, 207 ' 1, 216 1,218
1,174 1,168
1,178
1,174
1,171
1,177
1,175
earlier figure: Civilian labor force, 330; nonagricultural employment, 290; unemployment, 30Unemployment rates are unaffected.
^Effective Feb. 1972 SUBVEY, labor force data reflect new seasonal factors; comparable
figures for prior periods appear in EMPLOYMENT AND EARNINGS, Feb. 1972 (USDL, Bureau of
Labor Statistics).
fSee note "t," P. S-14.
S-14
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS
1970
1971
Annual
August 1972
1971
June
July
Aug.
Sept.
1972
Oct.
Nov.
Dec.
Jan.
Feb.
June
July*
Mar.
Apr.
1,224 ••1,237 '1,246
1,265 r 1, 272 ' 1, 258
265
'273
268
'330
'333
333
5,955 ••5,966 '5,987
1,180 r 1, 177 '1,190
'62
62
62
' 874
875
870
1,201 ' 1, 191 '1,186
'541
535
540
'667
667
669
'685
577
581
'116
116
116
'485
' 494
479
'271
268
'271
1,222
1,256
270
May
LABOR FORGE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT— Continued
Seasonally Adjusted
Production workers on mfg. payrolls— Continued
Durable goods— Continued
Electrical equipment and supplies. ..L.-thous..
Transportation equipment
.-___:.--. .do
Instruments and related products _. . -.do .
Miscellaneous manufacturing ind
_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, nec_ _ _ . . . .do
Leather and leather products..
. .do —
1,268
1,246
277
329
5,990
1,199
68
858
1, 203
544
681
603
116
443
275
1,180
1,238
257
318
5,875
1,180
61
844
1,191
526
665
583
116
448
262
1,179
1,246
256
318
5,869
1,178
64
838
1,188
520
667
585
115
449
265
1,169
1,244
257
318
5,846
1,188
56
841
1, 179
515
661
582
115
450
259
1, 167
1,248
256
318
5,837
1,179
56
841
1,180
520
658
577
115
447
264
1, 185
1, 251
260
319
1,190
1,216
261
458
261
316
5,862
1,156
56
845
1,193
532
663
581
116
460
260
5, 885
1, 185
58
842
1, 189
533
661
582
116
1,189
1, 230
261
314
1,191
1, 221
269
458
261
319
5,880
1,175
67
855
1,185
529
661
580
118
459
261
5,891
1, 177
58
851
1, 198
530
661
581
116
1,192
1,219
260
1,205
1,234
261
1,212
1,243
262
5, 898
1, 183
58
5.912
1,177
58
5, 936
1, 183
61
1,180
528
666
581
1,190
529
666
578
1,191
532
666
576
464
262
468
265
476
265
325
862
114
330
862
119
332
869
117
334
5,930
1,186
63
870
1, 157
538
662
582
116
491
265
HOURS AND MAN-HOURS
Seasonally Adjusted
Average weekly gross hours per production worker
on payrolls o* private nonagric. estab. ^ .hours . .
Not season ally adjusted
.
.do
Mining
-do ..
Contract construction
.do
Manufacturing: Not seasonally adjusted _ . -do
Seasonally adjusted
do
Overtime hou rs
do
37.1
37.3
42.3
37.2
40.2
40.0
36.9
37.3
42.2
37.1
39.8
40.0
36.9
37.4
42.0
37.1
39.8
39.8
36.7
37.0
41.9
35.7
39.8
39.5
37.0
37.0
42.5
37.6
40.0
39.8
37.1
37.0
42.3
39.0
40.2
40. 1
37.2
37.3
42.6
36.8
40.7
40.3
37.0
36.7
43.0
37.4
39.8
40.0
37.2
36.8
42.5
37.3
40.1
40.5
37.1
36.9
42.9
37.5
40.3
40.4
37.3
37.0
42.3
36. 7
40.5
40.8
37.0
36. 9
42.4
'. 36. 6
40.5
40.5
37.3
37.7
42.3
37.3
40.5
40.7
3.0
2.9
2.9
2.8
2.9
3.2
3.4
' 37. 3
' 37. 5
'42.8
'36.9
' 40. 9
'40.7
'3.4
40.3
40.4
40.6
40.4
40.0
39.7
40. 3
40. 6
40.9
40. 6
41.1
41.0
41.5
41.2
' 41. 4
41.3
40.6
39.7
39.2
41.2
40.5
40. 7
41.1
39.9
40.3
40.1
38.7
41.7
40.3
39.8
41.6
40.4
40.3
40.6
39.9
40.7
39.8
38.9
41.6
40.4
39.9
42.0
41.0
40.6
40.7
39.9
41.4
39.7
38.7
41.9
40.5
40.1
41.8
40.6
40.7
40.7
40.1
39.5
39.8
39.2
41.9
40.2
39.9
41.8
38.8
40.2
40.8
40.0
39.9
39.8
39.2
41.7
40.1
39.4
41.4
39.5
39.3
40.5
39.6
38.5
39.7
38.7
41.8
40.7
39.7
41.8
40.1
40.1
40.8
39.9
40.5
39.9
38.9
41.9
40.8
40.0
41.9
40.1
40.4
41.1
40.1
40.5
40.2
39; 1
42.0
40.8
39.9
41.6
41.0
40.9
41.3
40.3
41.7
40.4
39.2
41.2
40.9
40.3
41.8
40.6
40.4
41.0
40.1
40.7
40.3
39.0
42.4
40.9
40.7
42.0
41.1
41.0
41.4
40.7
41.9
40.8
39.6
42.3
40.9
40.5
42.2
41.3
40.8
41.4
40.3
42.1
40.3
39.3
42.4
41.1
40.8
41.9
41.4
41.2
41.8
40.8
42.9
40.7
39.6
42.0
'40. 9
40.6
'41.8
' 41. 4
41.1
41.7
40.4
42.0
40.7
39.3
'42.2
41.2
' 40. 9
'42.2
' 41. 5
'41,2
'42.2
'40.5
42.0
'40.7
'39.5
42.7
41.1
40.8
42.3
41.4
41.5
42.2
40.^
40.9
40.4
39.2
39.3
39.3
39.3
39.3
39.1
39.3
39.5
39.6
39.4
39.6
39.6
39.8
39.7
40.5
37.8
39.9
35.3
40.3
37.0
40.6
35.5
40.4
36.2
40.8
35.4
40.2
39.6
40.3
35.8
40.1
37.1
40.7
35.7
40.1
36.6
40.4
35. 4
40.0
34.7
40.8
36.0
39.9
35.6
41.1
36.2
40.4
35.6
41.0
35.9
40.1
34.8
41.3
35.7
40.2
33.6
41. 2
36. 2
40.6
34.4
41.4
35.8
40.7
33.8
41.7
36.0
'40.4
'33.9
'41.3
35.6
'39.8
'3. 4
40.6
34. 3
' 41. 5
'35.9
39. P
3.
40vr
34. u
41.3
36.2
..do
do..-.
__ do.
_ do, .
. do
do .
41.9
37.7
41.6
42. 7
40. 3
37. 2
42.1
37.6
41.6
42.4
40.3
37.7
42.3
37.7
41.7
42.3
40.7
37.5
42.4
37.6
41.4
42.6
40.3
37.7
42.4
37.6
41.5
43.4
40.1
37.6
41.9
37.4
42.1
42.9
40.0
37.3
42.0
37.5
41.5
42.4
40.3
37.9
42.3
37.6
41. 4
41.8
40.6
38.3
42.3
37.5
41.7
42.7
40.9
37.9
42.1
37.5
41. 8
42.2
40.8
38.0
42.6
37.5
41.8
42. 0
41.0
38.5
42. 7
37.6
41.8
41. 7
41.2
38.2
43.0
38.0
41.7
41. 9
41.5
39. 1
'42.6
37.7
41.6
'41.6
41.2
33. 7
' 42. 9
'38.0
'42.0
'42.2
'41.5
'38.5
42.8
38.2
42.0
42.1
40.9
37.6
•-- do
do. .
do
..do. _.
. .do
_. do
40.5
35.3
40. 0
33.8
36.8
34.4
40.2
35.1
39.8
33.7
37.0
34.2
40.7
35.2
39.9
33.7
37.0
34.1
38.0
35.3
39.6
33.8
37.1
34.4
40.5
35.1
39.7 ,
33.6
37.3
34.3
40.6
35.1
39.7
33.6
37.0
34.2
40.3
35.2
39.8
33.8
36.9
34. 2
40.4
35.2
39.9
33.7
36.9
34.1
40.5
35.3
40.0
33. 9
37.0
34.2
40.0
35.1
39.7
33.7
37.3
34,1
40.4
35.1
40.0
33.5
37.1
34.2
40.6
35.1
39.9
33.6
37.1
34.0
40.3
35. 2
40.0
33. 7
37.3
34.1
'40.5
35.1
40.0
33.7
37.1
34.0
'40,5
35.4
39.9
33.9
'37.2
34. 2
40.6
35.4
39.8
33.9
37.5
34.6
Man-hours, all wage and salary workers, nonagric.
establishments, for 1 week in the month, seas,
adjusted at annual rate..
_bil. man-hours. . 138.11
137. 87
137. 99
137. 91
137.67
137.64
138.07
138.92
139.17
139. 57
140.36
140.78
141.77 '141.90 '142,66
142.70
97.3
100 9
102.2
96.3
94.2
93.6
95.5
98.8
92.7
89.2
94.1
99.0
98.5
93.1
90.0
93.1
94.4
97.4
92.3
89.0
92.5
96.7
97.1
91.5
87.7
92.3
97.7
94.4
91.8
87.8
93.3
79.5
100.7
92.5
89.0
94.5
79.6
105.5
93.1
89.5
94.1
97.4
96.7
93.5
90.2
94.7
100.0
101.3
93.4
89.9
95.3
98.7
97.5
. 94.8
91.9
96.0
99.8
99.3
95.3
92.4
Ordnance and accessories _
do .
Lumber and wood products
. •_ . .do
Furniture and
fixtures
do
Stone, clay, and glass products. _.do _
73. 3
93.7
98.1
100.6
55.2
96.4
99.3
99.8
54.4
95.8
99.6
100.8
53.6
97.0
100.7
99.7
54.2
96.9
98.9
99.9
53.9
97. 8
99.7
99.9
53.5
100.4
100.7
100.9
53.1
101. 6
102. 5
101.5
52.0
100.9
103. 1
100.4
51.0
101.9
105.2
102. 5
51.9
101. 7
106.7
103.2
61.8
101.9
107.0
104.3
Primary metal industries
do
Fabricated metal products
do
Machinery, except electricaL _ _ - - - - , . - - do --..
96.8
97.8
93.1
89.6
93.4
81.5
93.8
94.1
80.5
90.0
94.6
80.8
80.3
93.4
81.2
84.0
92.2
81.7
85.8
93.6
82.0
84.9
94.1
83.0
86.6
94.6
83.2
87.1
93.9
82.2
88.4
96.0
83.7
91.1
96.5
83.4
92.1
98.3
85.0
' 92. 9
99.1
'86.4
'92.3
'99.3
' 88. 1
91.5
100. 7
88.2
Electrical equipment and supplies. . _ 1 . do . . . .95.1
Transportation equipment . • • • _ " _ d o
88.5
95.7
Instruments and related products. ..... do
95.4
Miscellaneous manufacturing ind
do. . _•_
88.6
88.8
88.2
92.5
88.5
90.9
87.5
92.2
88.2
86.6
88.0
93.4
87.9
87.8
87.7
93.4
88.3
84.9
88.8
92.5
89.4
86.8
89.6
92.1
89.7
87.8
90.3
92.0
90.3
89.8
90.1
93.7
90.0
87.5
90.2
95.0
92.3
91.2
91.7
98.0
91.9
92.3
90.9
97.8
94. 0
95.7
92.8
98.8
'94.1
94.2
93.9
'97.2
'95.0
93.1
' 95. 6
'98.6
93.1
90.6
93.9
98.1
Durable goods
.
-do ..
Overtime hours....
do
O rdnance and accessories
do ....
Lumber and wood products
do ..Furniture and
fixtures
_ . . .do
Stone, clay, and glass products..
..do
Primary metal industries
._
do.. _
Fabricated metal products. _:.
...do.
Machinery, except electrical. _
. _ .do
Electrical equipment and supplies. _ . . .do
Transportation equipment _ ._
do . .
Instruments and related products. . _• . H .do
Miscellaneous manufacturing ind. _ _ _ _ _ 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
Printing and publishing......
Chemicals and allied products. _ _
Petroleum and coal products _ ,
Rubber and plastics products, nec_
Leather and leather products
Trans., comm., elec., gas, etc
Wholesale and retail trade _
Wholesale trade.
.
Retail trade
. . .._•__'
Finance, insurance, and real estate
Services . . .
. .
37.1
42.7
37.4
39. 8
2.9
39.1
3.0
37.0
42.4
37; 3
39.9
2.9
3.0
2.9
2.9
3.1
3.0
2.8
3.0
2.8
3.1
2.7
3.1
3.0
2.8
3.0
3.0
2.9
3.0
3.1
3.0
3.0
2.9
3.1
3.2
3.2
3.3
3.3
3.3
3.6
3.7
3.3
3.5
3.2
3.5
3.5
3.6
Seasonally Adjusted
Man-hour indexes (aggregate weekly), industrial
and construction ind., totalj
..1967=100..
Mining _ _
do
Contract construction
do
Manufacturing..
_ .
do
Durable goods
..do
97.3
97.7
97.7
97.1
99. 2
Nondurable goods
. do
98.0
98.0
98.4
97.4
100.1
Food and kindred products .^
'....do
77.9
73.0
81.4
90. 3
78.7
Tobacco manufactures
.-do.--97,5
98.5
98.5
98.4
Textile mill products ....
.....do
98.4
94.6
95.2
95.0
94,4
94.7
Apparel and other textile oroducts..... do
r
Revised.
v Preliminary.
fRevisions (back to 1960), to adjust to the 1970 Census, appear in "Estimates of the Population of the United States and Components of Change: 1940 to 1972" (P-25, No. 481), Bureau
'97.2
'96.1
' 96. 9
'97.3
'94.9
96.2
94. 6
94.7
96.5
94.2
53.1 ' 53. 2 ' 55. 2
103.0 '102.5 ' 103. 2
108.4
108.1 ' 109. 7
103.8
105.1 '106.3
56.4
103.6
109. 2
106.2
96.6
96.3
95.9
96.7
94.1
96.6
'96.6
'96.6
96. 6
94.3
100.5 '99.9 ' 100; 9 99.9
99.1
98.3
98.4
99.6
98.3
97.5
97.5
99.4
98.9 '97.9 '99.5
97.4
95.2
98.9
96.7
97.8
97.7
97.9
75.2
73.6
' 73. 8 '74.7
68.4
70.9
68.2
72.5
71.2
73.7
74.5
104.
4
'104.5
103.
4
102.2
'
103.
9
99.2
102.
4
103.5
100.6
100.9
97.9
94.0
97. 1 ' 95. 2 '95.6
96.7
96.4
97.3
95.7
94.5
94.6
95.5
of the Census.
JAnnual averages for 1947-70 have, been revised since publication of the 1971
edition of BUSINESS STATISTICS and are available upon request.
S-15
SURVEY OF CURRENT BUSINESS
August 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
Annual
1972
1971
1970 | 1971
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July*
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HOURS AND MAN-HOURS— Continued
Man-hour indexes, seas, adjusted!— Continued
Manufacturing indus., nondurable goods— Con.
Paper and allied products
1967—100
101.1
Printing and publishing.
_do. .
101.3
Chemicals and allied products
do.
101.8
Petroleum and coal products . _
do
101.5
Rubber and plastics products, nee
_do_ .
108.6
Leather and leather products
_do_ .
88.4
WEEKLY AND HOURLY EARNINGS
Not Seasonally Adjusted
Avg. weekly gross earnings per prod, worker on
payrolls of private nonagric. estab. _ . . . dollar s. 119.46
Miningdo
163.97
Contract construction.,.
t.
.
do
196. 35
Manufacturing establishments..
do...
133.73
Durable goods
do
143.47
Ordnance and accessories—
do...
146.57
Lumber and wood products.
..do...
117.51
Furniture andfixtures..
do
108. 58
Stone, clay, and glass products
. do...
140,08
Primary metal industries _ —
do . . . 159.17
Fabricated metal products....
..-..do..143. 67
Machinery, except electrical
do
154. 95
Electrical equip, and supplies.
do. ..
130. 87
Transportation equipment—...
.-do...
163.62
Instruments and related products
do. . . 134. 34
Miscellaneous manufacturing ind—
do...
109. 13
Nondurable goods. _ _ ..
•
do
120,43
Food and kindred products...
....do...
127. 98
Tobacco manufactures. ._.
do
110.38
Textile mill products
do...
97.76
Apparel and other textile products
do. . . 84. 37
Paper and allied products
_ do
144,14
Printing and publishing _ . _ . .
. . do. . .147.78
Chemicals and allied products. _.
do...
153. 50
Petroleum and coal products
do. .
182. 76
Rubber and plastics products, nee _ . . . . do . !. .128. 96
Leather and leather products...
. . . do. . . 92. 63
Trans., comm., elec., gas, etc
do__.
155. 93
Wholesale and retail trade
do
95.66
Wholesale trade.
.
do
137. 60
Retail trade.. _
do
82.47
Finance, insurance, and real estate
do...
113. 34
Services
..
do
96. 66
Spendable earnings per worker (with 3 dependents), total private sectorf _. .current dollars
104.61
89.95
1967 dollars..
Manufacturing
current dollars
115.90
1967 dollars. . 99.66
Avg. hourly gross earnings per prod, worker on payrolls of private nonagric. estab .
dollars
3.22
Mining...
<30
3.84
Contract construction
do
5.25
Manufacturing
... __
do
3.36
Excluding overtime
.
do
3. 24
3.56
Durable goods
do
Excluding overtime.
do
3.43
3.61
Ordnance and accessories.... _
do
2.96
Lumber and wood products.
do
2.77
Furniture andfixtures....... .
do""""
3.40
Stone, clay, and glass products
...do
Primary metal industries.
do
3.93
Fabricated metal products
do
3.53
Machinery, except electrical,
do
3.77
3.28
Electrical equip, and supplies
.
do
Transportation equipment.
do
4.06
3. 35
Instruments and related products
do
2.82
Miscellaneous manufacturing ind
...do
Nondurable goods.
do
3.08
Excluding overtime
do
2.97
3.16
Food and kindred products.
do
Tobacco manufactures
____ .
do
2.92
Textile mill products
._
do
2.45
Apparel and other textile products.
do
2.39
Paper and allied products
_ .do
3.44
Printing and publishing
...... . do
3. 92
Chemicals and allied products
do
3.69
Petroleum and coal products
do
4.28
Rubber and plastics products, nee
do
3.20
Leather and leather products
. .do
2.49
Trans., comm., elec., gas, etc..
do
3.85
Wholesale and retail trade
"do"
2.71
Wholesale trade
do"""
3.44
Retail trade.. .........
do "
2.44
Finance, insurance, and real estate
do
3.08
Services....
_
do
2.81
Miscellaneous hourly wages:
Construction wages, 20 cities (E NR) : d"
Commonlabor..
$perhr
5.224
Skilledlabor
""
do " 7.314
Farm, without board or rm., 1st of mo
-do..
1.64
Railroad wages (average, class I)
.
do. . . . 13.939
r
Re ls d
/ ' have
* prelbeen
™taary.
f.- 7for1971
98.3
98.3
98.5
100.7
110.0
85.3
97.7
99.1
99.1
99.5
111.3
85.7
97.0
97.9
97.9
100.2
110.4
84.2
97.9
97.2
97.3
102.0
109.1
85.6
99.2
97.4
99.5
101.7
111.5
84.0
99.2
97.9
98.0
100.6
112.9
85.0
99.6
97.9
97.7
99.1
113.2
86.2
99.4
97.7
98.3
103.0
114.3
85.3
98.7
98.4
98.7
98.4
115.3
85.9
126. 91
171.72
213. 36
142.44
153. 52
160. 55
126. 54
115.42
152.26
170. 89
150. 72
181. 99
139. 65
180. 71
140. 49
115. 14
128. 12
136.21
116. 55
104. 34
88. 40
154. 93
157. 92
163. 90
194. 19
137. 42
97.64
169.24
100. 74
146. 07
86.61
121.36
102. 26
127.57
172.10
213 94
143. 51
155. 04
160.93
129. 65
116. 29
155. 24
173. 87
153. 38
162. 39
139. 95
183. 85
140. 10
114. 46
128. 44
136. 89
121. 44
104. 96
87.69
155. 24
158.34
164. 30
195. 11
137. 57
98.30
169. 32
101. 60
146. 40
87.72
121. 36
101. 57
127.94
172.53
216 41
142.09
151. 98
160.66
128. 88
115. 53
155.40
170. 53
150.72
161.20
139.00
172. 97
140.23
113. 48
129.63
137.63
130. 87
102. 66
88.43
157.30
158.30
164. 79
197.80
137. 94
98.56
162. 43
103. 61
146. 43
89.78
122. 06
103. 70
129. 03
173. 43
220. 23
141.69
151.60
161.80
129.20
118.78
157. 78
166.45
151.13
162.01
140.00
171.74
140.58
115.64
129. 17
135.94
119.31
104.86
90.00
158.53
159. 47
164. 79
195.53
139.04
97.38
172.98
103. 68
147.63
89.18
123. 09
103.75
129. 13
174.72
216. 23
143.28
153. 20
163. 41
129. 68
118. 00
157. 13
171. 83
150. 42
164. 02
140. 80
172. 82
142. 80
115.14
130. 75
138. 24
114. 53
104. 75
89. 82
159. 09
161. 36
169. 66
199. 45
140. 94
96.68
176.66
102. 08
147. 68
87.62
121.77
103. 66
129.13
167.78
225.38
144.00
154.71
163.44
131.61
118.37
157.03
172.70
151.93
164.83
140. 75
182.04
142.36
116.33
129.63
135.54
108.72
106. 19
90.47
157. 78
160. 55
166.00
198.09
140.48
99.15
174.56
101.85
148.06
87.10
122.47
103.32
128.76
165.82
223.61
144.72
155.88
162.96
129.92
118.37
155.45
173.96
153.47
166.04
142. 21
182.48
144. 18
117.32
130. 28
136.34
109.96
107.23
91.48
158.15
160. 55
166.40
195. 77
141.17
100.22
175.80
101. 56
148. 85
86.84
122. 10
103.36
130.92
182.76
216.45
150. 18
162. 70
168.75
130.15
121.88
155.58
184.50
159.83
174. 30
147.24
196.35
147.70
120.48
133.73
142.51
118.44
108.73
91.55
162.64
165.68
170.11
196.70
145.44
102.56
179.05
103.31
152.74
89.00
123.58
104.65
129.92
183.60
214. 44
147. 66
159. 58
165. 97
128.40
118. 31
153. 78
184. 78
155. 59
170. 56
144. 00
186.76
147. 17
118. 81
132. 16
140. 10
113. 21
109.75
90.37
159. 64
161.39
170. 56
201. 83
143.72
101. 99
177. 51
103. 06
151. 27
88.31
126. 82
104. 75
130.64
181.02
215. 28
149. 17
161. 17
170.49
129.68
119.00
155.74
186.55
157. 16
173.47
145.52
191.58
149.08
119.95
133.28
139.79
111.55
111.11
92.62
161.63
162. 19
171.39
202.03
144. 08
103. 95
180.10
103.11
151.65
87.78
126. 14
105.74
131. 73
181.46
219. 70
150.72
163. 59
169.64
131.70
121.00
159. 68
188.74
159.15
175. 56
146. 29
194.74
149. 11
120.26
134. 35
142.40
112.89
111. 92
92. 52
162.82
165.06
171.80
203. 01
144. 43
102. 33
180.90
104.05
152.43
88.64
126.51
105.74
133.20
184.44
219 23
152.69
165.62
171.33
133.58
121.81
160.90
190.90
161.56
176.81
147. 06
198.24
150.26
121.66
135. 49
143.60
114. 20
112.34
92.62
164.44
167.45
173.05
209.95
146.32
102.22
181.94
104. 40
153.63
89.24
128.69
106.42
112. 12
92.43
124. 24
102. 42
112.64
92.71
125. 07
102. 94
112. 93
92.72
123. 97
101. 78
113. 79
93.19
123.65
101. 27
113. 86
93.18
124. 89
102.20
113. 86
93.02
125.45
102. 49
113. 57
92.63
126.01
102. 78
115.28
93.65
130. 25
105. 81
116. 18
94.30
130. 09
105. 59
116. 74
94.30
131. 26
106.03
117. 60
94.84
132.47
106.83
118.76
95.54
134. 00
107. 80
3.43
4.05
5.72
3.57
3.44
3.80
3.67
3.85
3.14
2.90
3. 66
4.23
3.74
3.99
3.50
4.44
3.53
2.96
3.26
3.14
3.38
3.15
2.57
2.49
3.68
4. 20
3.94
4.58
3.41
2.59
4.21
2.87
3.67
2.57
3.28
2.99
3.42
4.04
5.63
3.57
3.44
3.80
3.67
3.85
3.17
2.90
3.67
4.21
3.75
3.99
3.49
4.43
3.52
2.95
3.26
3.13
3.38
3.30
2.56
2.47
3.67
4.20
3.94
4.58
3.38
2.58
4.15
2.87
3.66
2.58
3.28
2.97
3.43
4.05
5.68
3.57
3.45
3.79
3.66
3.89
3.19
2.91
3.70
4.19
3.74
4.00
3.51
4.39
3.55
2.94
3.29
3.16
3.39
3.33
2.56
2.47
3.71
4.21
3.99
4. 60
3.44
2.58
4.23
2.87
3.67
2.58
3.29
2.98
3.45
4. 10
5.75
3.56
3.43
3.79
3.66
3.88
3.19
2.94
3.73
4.29
3.75
4.02
3.50
4.37
3.55
2.95
3.27
3.15
3.34
3.19
2.57
2.50
3.73
4.23
3.99
4.59
3.45
2.59
4.25
2.88
3.70
2.57
3.30
2.99
3.49
4.15
5.86
3.60
3.46
3.83
3.69
3.90
3.21
2.95
3.75
4.35
3.77
4.04
3.52
4.42
3.57
2.96
3.31
3.18
3.38
3.03
2.58
2.53
3.77
4.28
4.03
4.66
3.48
2.62
4.33
2.90
3.72
2.60
3.30
3.04
3.49
3.92
5.90
3.60
3.46
3.82
3.69
3.91
3.21
2.93
3.73
4.35
3.77
4.04
3.51
4.44
3.55
2.96
3.29
3.17
3.38
3.02
2.59
2.52
3.73
4.27
4.00
4.65
3.46
2.63
4.31
2.91
3.72
2.60
3.31
3.03
3.48
3.92
5.90
3.60
3.47
3.83
3.69
3.88
3.20
2. 93
3.71
4.36
3.78
4.04
3.52
4.44
3.56
2.97
3. 29
3.17
3.40
3.08
2.59
2.52
3.73
4.27
4.00
4.65
3.46
2.61
4.33
2.91
3.74
2.60
3.30
3.04
3.51
4.27
5.93
3.69
3.55
3.93
3.79
3.98
3.19
2.98
3.74
4.50
3.87
4.16
3.60
4.62
3.62
3.05
3.36
3.24
3.51
3.29
2.62
2.55
3.80
4.36
4.06
4.65
3.53
2.65
4.41
2.91
3.79
2.61
3.34
3.06
3.54
4.32
5.99
3.71
3.58
3.95
3.81
3.98
3.21
2.98
3.76
4.54
3.88
4.16
3.60
4.60
3.67
3.07
3.38
3.26
3.52
3.32
2.69
2.56
3.81
4.35
4.10
4.84
3.54
2.67
4.46
2.97
3.82
2.66
3.40
3.09
3.55
4.31
5.98
3.72
3.59
3.96
3.82
4.04
3.21
2.99
3.78
4.55
3.89
4.19
3.62
4.65
3.69
3.06
3.40
3.27
3.53
3.37
2.71
2.58
3,83
4.36
4.12
4.88
3.54
2.70
4.48
2.98
3.82
2.66
3.40
3.11
3.57
4.30
5.97
3.74
3.60
3.99
3.84
4.02
3.22
3.01
3.82
4.57
3.92
4.21
3.63
4.67
3.70
3.06
3.41
3.28
3.56
3.39
2.71
2.57
3.84
4.39
4.11
4.88
3.54
2.70
4.50
2.99
3.83
2.67
3.41
3.11
3.60
4.35
5.99
3.77
3.62
4.02
3.86
4.06
3.25
3.03
3.84
4.60
3.95
4.23
3.64
4. 72
3.71
3.08
3.43
3.30
3.59
3.45
2.72
2.58
3.86
4.43
4.13
4.94
3.56
2.69
4.56
3.00
3.86
2.68
3.45
3.13
5.956
8.254
1.73
4.416
6.014
8.365
4.363
6.05
8.38
1.75
6.156
8.471
i Includes adjustments not distributed by months.
revised to reflect changes in accordance with Tax Reform Act
f *-,n?i •
ol 1971 in personal exemptions and low income allowances effective retroactively to Jan. 1,
6.185
8.515
6.182
8.511
1.70
6.182
8. 511
6.228
8.551
4. 645
6.276
8.636
1 82
100. 1
98.4
98.2
102.2
116.8
88.0
6.319
8.742
100.9
98.7
97.8
99.8
119.4
87.3
6.333
8.763
102 2 '102.2 ' 103. 1
99.4 '99.9
99.9
97.7
98.2 '99.8
99.4 "98.7 ' 100. 1
121.0 ' 121. 7 ' 124. 8
90.4 '90.5 '90.0
6.345
8.818
1 84
133. 21
•"183.17
' 221. 90
••153. 50
166. 04
r 170. 94
'135.88
121. 81
r 162. 54
••191.73
162. 76
176. 81
'147.50
'199.55
150. 66
'121.13
135. 88
'144.72
'116.25
'111.38
' 91. 49
'164.90
167. 70
'173.06
'209.81
'146.32
'104.88
'184.57
104. 40
'152.83
89.24
'126.91
'105.46
'135.38
'186.62
'224.69
'155.01
'168.06
'173.42
'138.03
'125.36
'165.33
'193.95
'165.17
'179.77
'149.37
'199.13
'151.37
'121.97
'137. 66
'146.11
122.50
'113.42
'93.24
'168.17
'169.48
'176.40
'209.95
'148.57
'105.57
186.76
106. 80
154. 00
92. 00
127.22
106. 67
118. 77 120.48
95.24 '96.38
134. 63 135. 81
107. 96 108. 65
3.61
'4.32
6.03
'3.79
3.64
4.03
3.87
'4.07
3.29
3.03
3.87
4.62
3.96
4.24
'3.66
4.74
3.72
'3.09
3.44
3.31
3.60
3.47
'2.71
'2.57
3.88
4.46
'4.16
'4.96
'3.56
' 2. 71
4.58
3.00
'3.84
2.68
'3.43
'3.12
' 3. 61
'4.33
5.96
3.79
'3.63
4.04
3.87
'4.09
'3.31
3.05
' 3. 89
4.64
'3.98
'4.26
' 3. 67
'4.73
' 3. 71
' 3. 08
3.45
3.31
'3.59
'3.52
2.72
2.59
3.92
' 4. 46
'4.20
'4.94
3.58
2.70
' 4. 60
3.00
3.85
2.69
3.42
'3.11
6.387
8.867
6.460
8.958
102.3
99.6
99.3
99.9
122.3
86.0
136. 47
185. 75
228. 27
153. 50
164. 82
173. 03
135. 71
123. 62
166. 18
192. 98
163. 17
176.81
147.60
190. 94
149. 17
118. 89
138. 85
147. 55
116. 27
111. 79
93. 76
169. 49
171. 52
177. 24
211. 23
147. 74
102. 87
190. 19
108. 96
155. 19
94.23
129.00
109. 20
121.34
96.69
134. 63
107.27
3.62
4.35
5.96
3.79
3.64
4.02
3.86
4.11
3.31
3.06
3.91
4.65
3.97
4.24
3.69
4.68
3.72
3.08
3.48
3.34
3.59
3.45
2.72
2.59
3.96
4.49
4.23
4.97
3.63
2.70
4.65
3.01
3.87
2.70
3.44
3.12
6.531
' 9. 051
1.85
1971; data beginning Aug. 1971 also incorporate revised Consumer Price Index to reflect repeal
of the 7% auto excise tax.
t See corresponding note, p. S-14.
cf Wages as of Aug. 1,1972: Common, $6.608; skilled, $9.078.
S-16
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
August 1972
1971
Annual
June
July
Aug.
Sept.
1972
Oct.
Nov.
Dec.
Feb.
Jan.
Mar.
Apr.
May
June
July
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HELP-WANTED ADVERTISING
Seasonally adjusted index
1967=100—
LABOR TURNOVER
Manufacturing establishments:
Unadjusted for seasonal variation:
Accession rate, total
mo. rate per 100 employeesNew hires
_ do _
Separation rate, total
;— __
do_ __
Quit __ ___
_.
do
Layoff
do
Seasonally adjusted:
Accession rate total
do
New hires
do
Separation rate, total
do
Quit
...
...
_._ do
Layoff. _
._
____do_
92
80
83
85
85
80
80
81
85
85
87
90
93
93
"96
4.0
2.8
3.9
2.5
4.2
1.8
1.6
4.9
3.5
3.8
1.8
12
4.0
27
4.8
1.8
21
6.3
3.4
6.5
2.8
1.8
4.8
33
53
2.9
15
3.8
27
43
1.9
15
3.3
22
37
1.5
15
2.5
1.6
3.8
1.2
1.8
4.1
2.5
4.0
1.7
1.4
3.7
2.4
3.5
1.6
1.1
4.0
27
38
1.9
11
4.0
2.8
3.7
2.0
1.0
'4.8
3.6
'3.8
2.2
'.8
»5.3
i>4 1
j>4 4
v 2.2
v 13
37
24
4.1
1.9
1.5
37
2 5
4.4
1.8
1.5
42
2.8
4.6
1.9
1.9
39
25
39
1.7
1.7
36
2 4
4.0
1.7
1.4
41
27
41
19
1.4
3.9
2.7
4.4
1.9
1.4
4.4
2.9
4.2
2.0
1.3
4.5
3.0
4.1
2.1
1.2
45
31
4.2
2.2
1.2
4.4
3.1
4.0
2.1
1.2
'4.7
3. 5
'4.1
2.3
'1.0
v4 0
v2 9
v4 8
*>2 3
*1 6
617
1 031
499
938
437
890
351
668
304
551
315
561
218
485
'310
r 470
'320
r 4go
'400
' 580
'440
' 640
'510
r 720
425
670
4.90
280
748
nqo
4,094
7, 895
182
490
5,022
108
316
3,110
246
312
5,481
235
460
5,032
44
236
3,103
' 146 '126
'61
'80
'127
r 155
r 140
r 203
' 165 r 217
'2,303 '1,618 '1,544 '2,031 ' 2, 139
311
388
3,513
4.8
2.1
1.8
INDUSTRIAL DISPUTES
Work stoppages:
Number of stoppages:
Beginning in month or year.
number. . 5,716
Workers involved in stoppages:
Beginning in month or year
thous___
Man-days idle during month or year
__do
PLACEMENTS, UNEMPLOYMENT
INSURANCE
Unemployment insurance programs:
3,305
3,263
66,414
47,417
3 845
3 700
365
315
367
353
313
317
266
9 O7fl
KQQ
9 W>
9 4.31
2 349
2 174
2 129
2 311
2 666
3 097
3 123
2 923
2 431
2 105 * 1,952
15 337
2, 150
1,152
1,893
1,468
1, 993
1,277
1,912
1,043
1,739
1,048
1, 716
1,336
1, 879
1,623
2, 221
1,643
2,524
1,241
2,492
1,029
2,279
947
2,005
991
1,740 v 1,634
4.1
3.6
42
1,714
446.7
3.8
4.1
1,459
425.4
3.6
4.2
1,472
433.6
3.3
4.3
1,328
377.8
3.2
4.4
1,280
367.2
3.5
4.2
1,352
406.9
4.2
3.8
1,640
489.6
4.8
3.4
2,136
550.9
4. 7
3.5
2,112
564.3
3.8
4.3
3.6
3.5
2, 071
1,830
628.9 '472.9
qc
OK
33
35
35
35
37
36
34
30
28
p28
47
119
"v 110
State programs:
15,387
Initial claims - _ _ . - - _
do
1,805
Insured unemployment, avg weekly.
_ _ do. ___
Percent of covered employment:,?1
3.4
Unadjusted
._
Seasonally adjusted
1,518
Beneficiaries, average weekly
thous—
Benefits paid
mil $ 3 848. 5
Federal employees, insured' unemployment,
q-i
Veterans' program (UCX):
Initial claims
Insured unemployment avg weekly
Benefits paid
Railroad program:
do
do
mil $
mil. $
2
1,814
1
4 957 0
n*
Of
3.3
3.7
*3.1
*.a.e
429.2
556
79
75
203.2
622
131
115
356 0
54
114
115
30.3
53
120
112
30.4
54
120
116
31.6
48
106
107
29.6
43
97
95
25.0
51
105
95
26. 1
59
118
108
29.2
68
133
126
30.0
57
140
131
33.0
49
136
137
38. 3
48
127
127
'31.7
32.6
128
609
45
OR
iq
38.7
75.7
4.2
89
15
3.8
98
32
8.7
100
33
11.1
48
27
7.6
19
48
9,9
7
33
8.9
8
35
8.0
4
27
6.2
4
26
6.0
3
23
4.1
2
16
3.5
1R
Benefits paid
5,135
••_.
10
14
2.8
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
mil $
• Commercial and finance co paper total
do
Placed through dealers
__do-__.
Placed directly (finance paper)
do
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total end of period
mil $
Farm mortgage loans:
Federal land banks
do
Loans to cooperatives
do
Other loans and discounts
_._do____
7,058
31, 765
12,671
19,094
7,889
31,103
11,418
19,685
7,645
29,472
11,736
17, 736
7,454
29, 746
11, 470
18,276
8,377
30, 057
11,948
18, 109
8,148
29, 946
12,304
17, 642
7,811
31, 205
12,361
18, 854
7,889
7,479
31, 164 2 31,103
12, 231 11,418
18,933 219,685
7,601
32,167
12,427
19,740
7,935
32,579
12,787
19,792
7,985 7,734
32,681 32,814
12,778 12,926
19,903 19,888
14, 774
16, 347
16, 146
16, 137
16, 107
16,044
16,211
16, 194
16,347
16,456
16,684
17,083
17,299
17,461
17,667
7,187
2,030
5,557
7,917
2,076
6, 354
7,579
2,041
6,527
7,650
1,997
6,490
7,709
1,942
6,456
7,766
1,942
6,336
7,826
2,030
6,355
7,870
2,076
6,248
7,917
2,076
6,354
7,971
2, 098
6,387
8,039
2,149
6,496
8,139
2,267
6,677
8,238
2,260
6,801
8,343
2,181
6,937
8,430
2,145
7,092
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted'. ©
Total (233 SMSA's)O- .
- bil. $
New York SMSA
do
Total 232 SMSA's (except N.Y )
6 other leading SMSA 'sf
226 other SMSA's..—
Reserve bank credit outstanding, total 9 — do_.._
Discounts and advances.........
do____
U.S. Government securities
...
do
Gold certificate account
Liabilities, total 9
Deposits, total..
Member-bank reserve balances
Federal Reserve notes in circulation
11,730.8 11,703.8 12,093.8 12,202.2 12,221.4 12,915.7 12,383.2 12,530.7 13,027.8 12,785,5 '13,176.9 '13,401.6 13,281.7
5,244.0 5,210.2 5,408.9 5,570.3 5,765.8 5,918.9 5,523.3 5,687.0 6,013.9 5,631.4 5,801.4 5,939.2 5,780.8
6,486.8 6,493.6 6,684.8 6,631.9 6,465.6 6,996.9 6,859.9 6,843.7 7,013,9 7,154.2 '7,375.5 '7,462.3 7,500.9
2,691.0 2,681.0 2,783.7 2,757.5 2,683.2 2,945.2 2,859.8 2,803.1 2, 913. 1 2,932.9 3,053.1 3, 148. 8 3,096.4
3,795.9 3,812.6 3,901.2 3,874.4 3,782.5 4,051.6 4,000.2 4,040.6 4, 100, 9 4,221.2 '4,322.4 '4,313.5 4,404.5
do
do
do
Federal Reserve banks, condition, end of period:
Assets, total 9
mil. $
90, 157
66,795
335
62,142
99,523
92,945
75, 821
39
70, 218
68,565
446
65, 518
9,875
91,899
92, 154
69,285
778
65,841
70,094
858
66,868
93,756
71,013
198
67,566
95,256
71, 150
211
67, 205
93,698
99,523
96,551
94,126
96, 849
98,197 101,533 r 99,746
71,004
146
67, 817
75, 821
39
70, 218
72,176
15
69, 552:
71, 219
6
67,698
74, 365
255
69,928
74, 405
60
70,307
77,234 '75,964
1,594
'130
71,607 71,356
1*99,323
7il5
83
?0, 8$
do.
10,457
10,075
10, 075
9,875
9,875
9,875
9,875
9,875
9,875
9,475
9,475
.do.
90, 157
99,523 92,945
91,899
92,154
93, 755
95,256
93,698
99,523
96,551
94,126
96,849
98,197 ,101,533 '99,746 *» 99, 323
26,687
24, 150
31,475
27, 780
26, 701
24, 540
27,345
25, 311
27, 187
25, 409
28,467
25,422
28,441 26,588
25,697 23,718
31,475
27,780
29,471
25,650
27, 252
25,525
30,527
27,869
30,152
27,415
32,423 '30,942
29,6$8 '27,482
29,146
26,068
51,386
54,954
52,228
52,619
52, 829
52,830
53, 121
54, 954
53,801
53,914
54, 340
54,478
56, 210
55,702
56,127
___ do
do
do... _
2
' Revised.
p Preliminary.
* See note "§", this page.
Beginning Dec. 1971, dataon new basis reflect inclusion of paper issued directly by real estate investment trusts and
several additional finance companies. § Average weekly insured unemployment (all programs) data include claims filed under extended duration provisions of regular State laws;
amounts paid under these programs are not included in the 1971 annual figure.
cFInsured unemployment as % of average covered employment in a 12-month period.
7,443 7,069
33,055 33,482
12, 560 12,867
20,495 20,615
54,186
9,475
10,303
10,303
10,303
<B Series revised to reflect recalculation of seasonal factors and trading-day adjustment;
revisions for periods
prior to Feb. 1971 will be shown later.
OTotal SMSAfs include some cities and counties not designated as SMSA's*
^Includes Boston, Philadelphia, Chicago. Detroit, San Francisco-Oakland and Los
Angeles-Long Beach.
9 Includes data not showri separately.
StJKVEY OF CURRENT BUSINESS
August 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1971
1970 ] 1971
End of year
S-17
June
Aug.
July
Sept.
1972
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
FINANCE—Continued
BANKING- Continued
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held -totftl'
Tnil $
Required
do
Excess
do
Borrowings from Federal Reserve banks. __ do
Free reserves.
do
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.:
Deposits:!
Demand, adjusted d1
mil $
129,265 131,329
128,993 131,164
1272
1165
1321
U07
1-49
158
30 023
29,892
131
453
-322
30,547
30,385
162
820
-658
30,455
30, 257
198
804
-606
30,802
30, 596
206
501
-295
30,860
30,653
207
360
-153
30,953
30,690
263
407
-144
31,329
31,164
165
107
58
32, 865
32, 692
173
20
153
31,922
31,798
124
33
91
31,921
31,688
233
99
134
32,565
32,429
136
109
27
32,812 r 32,539 *33, 032
32,708 ' 32,335 p32, 876
pl56
r204
104
94
p203
119
'110
9—47
-15
83,897
83,813
84,699
82,082
82,842
87,258
91, 683
87,329
86, 494
91,037
88,996
90,923 r 91, 052
87, 739
91, 683
Demand, total 9
d
Individuals, partnerships, and corp
State and local go vernments....
U^S. Government
_ _ _ _ _
Domestic commercial banks, . _
o
do
do
do
do
147,355
103, 149
6,774
4,380
21, 704
152, 699
106,885
6,563
7,571
20,880
152,972 139,736 145, 012 141, 160 144,435 149, 106 152, 699 146 564 151, 788 143, 920 148, 503 150,176
102,131 97,285 99,588 96,333 100,492 103, 293 106,885 99,963 102, 735 100, 628 101, 636 ' 105,30
6,112
7,196
7,714
7,632
6,601
6,563
7,311
7, 165
6,158
6,368
6,575
7,200
3,901
3,551
2,237
7,571
4,531
8,614
5,332
5,647
3, 518
5,579
4,838
5,027
24,967 20,844 21,934 21,200 22,730 24,305 20,880 22,211 26, 500 20, 190 20, 693 ' 21,540
Time, total?
_
Individuals, partnerships, and corp.:
Savings
Other time _
- _
do
119, 443
140,932
131,856 132,932 134 161 136, 161 137, 160 138, 217 140,932
do
do
48, 035
51, 650
54,542
61, 274
53,644
56,451
Loans (adjusted) , totalcft
Commercial and industrial
For purchasing or carrying securities
To nonbank financial institutions
Real estate loans.
_
Other loans.
do
do
do
do
do
do
180,429
81,693
8,560
13, 642
34, 035
50,906
192,238
83, 770
8,835
14, 504
38, 400
57, 183
182,817 180 734 185,358 186,256 186,003 188,924 192,238 190,040 192,317 194 538 199 508 199,999 ' 203,352 206, 437
82,156 81,488 82,671 83,435 83,003 82,875 83,770 82,047 82,637 83,905 '85,498 84,790 r 85,042 85,321
8,675
8,835
8,844
9,765
7,599
7,787
6,719
7,743
9,525 10, 629 ' 10,500 ' 10,595 11,456
7,707
14,879 13,808 14,038 13,617 13,204 13, 895 14,504 13,844 14,357 14,681 14, 677 14,837 ' 15,964 16, 203
35,675 36,177 36,734 37,206 37,557 38,049 38,400 38,887 39, 178 39,688 40, 423 41,049 ' 41,821 42, 742
50,141 50,802 53,400 54,083 51,927 55,161 57,183 56,867 57,031 58,870 59,215 58,815 ' 61,071 62,817
Investments, total| -_
U.S. Government securities, total
Notes and bonds
Other securities. ._*
do
do
do
do
72, 194
28,061
21, 983
44,133
81, 033
28,944
24, 605
52, 089
76,335
26,637
22,409
49,698
75,138
25,396
21,852
49,742
74,228
24,921
22,113
49,307
75,160
25, 080
22,400
50,080
77,209
26,187
23,340
51,022
79,944
28,298
24,566
51,646
81,033
28,944
24,605
52,089
80,548
27,881
23,972
52,667
81, 001
27, 927
23,782
53, 074
81,492
27, 749
23,281
53, 743
81, 179
27, 076
23,461
54, 103
436.9
292.0
58.0
85.9
485.7
320.6
60.7
104.5
461.1
301.7
62.8
96.6
463.7
304.1
61.6
98.0
468. 4
309.7
60.9
97.8
472.4
313.0
59.9
99.5
477.2
317.0
59.1
101.1
479. 8
318. 7
58.8
102.2
485.7
320.6
60.7
104.5
491.4
325. 7
59.7
106.0
496.6
328.5
61.0
107.1
504.3
333.3
62.2
108.7
505.9
334.8
62.4
108.6
Commercial bank credit (last Wed. of mo., except
. for June 30 and Dec. 31 call dates) , seas. adj. :
Total loans and investments© _ _
bil. $
LoansO
do
U.S. Government securities
do
Other securities.
_. do
Money and interest rates: §
Bank rates on short-term business loans:
In 35 centers....
percent per annum..
New York City
.
.
do_...
7 other northeast centers...
..do
8 north central centers
7 southeast centers
8 southwest centers
4 west coast centers!
do
.......do
do
do
2
8. 48
28.22
28.86
28.46
2
8.44
2
8. 52
2
8.49
Discount rate (N.Y.F.R. Bank), end of year or
month.
percent
2
2
2
2
2
2
2
52,969
58,417
53,140
57,172
63,313
59,737
53, 605
60,294
54,124
60,890
54, 542
61,274
91,915
*• 146, 054 147, 379
' 102,315 104, 096
'6,890
6,749
'5,654
4,467
' 19,990 20, 957
142,632 144, 286 144,863 147, 119 149,089 ' 149,684 152,123
55,869
61,371
56, 578
62,085
57, 616
61,926
57, 295
62, 610
57,624 ' 57,732
64,414 ' 65,454
57,892
67, 564
81, 159 80,063
26,958 ' 26,030
23, 114 22, 384
54,201 r KA f\<7(\
79,967
25, 770
22, 502
54, 187
514.0
341.2
62.8
110.0
518.3
346.3
61.9
110.2
4.50
513.8
340.3
62.8
110.7
6. 32
6. 01
6. 56
6.51
6.25
6.77
6.18
5.86
6.40
5.52
5.35
5.72
5.89
5.28
5 81
6. 30
6. 62
6. 46
6. 38
6.46
6.77
6.64
6.54
6.13
6.47
6.43
6.21
5. 37
5.87
5.79
5.39
5 54
5.78
5.88
5 60
5.50
2
4. 75
4.75
5.00
5.00
5.00
5.00
4.75
4.75
4.50
4.50
4.50
4.50
4.50
4.50
8.50
2
6. 37
6.05
6.01
6.00
5.99
6.00
6.12
6.12
6.29
6.20
6.20
6.00
5.90
5.86
2
8.27
2
2
2
7. 59
7.54
7.38
7.38
7.51
7.50
7.60
7.58
7.67
7.63
7.68
7.62
7.65
7.56
7.62
7.51
7.62
7.45
7.45
7.35
7.38
7.31
7.38
7.30
'7.40
'7.33
7.40
7.36
Open market rates, New York City:
Bankers' acceptances (prime, 90 days) ... do_
Commercial paper (prime, 4-6 months)__do
Finance Co. paper placed directly, 3-6 mol do. I.
Stock Exchange call loans, going rate
do
3
7.31
37.72
37.23
3
7.95
34.85
35.11
34.91
35.73
6.33
5.45
5.24
5.50
6.60
5.75
6.54
5.93
5.57
5.73
5.57
6.00
5.49
6.75
5.44
6.00
5.05
5.54
5.30
5.92
4.78
4.92
4.81
5.53
4.45
4.74
4.60
5.36
3.92
4.08
3.95
4.89
3.52
3.93
3.78
4.63
3.95
4.17
4.03
4.55
4.43
4.58
4.38
4.88
4.25
4.61
4.38
5.00
4.47
4.64
4.45
5.00
4.73
4.85
4.72
5.23
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent..
3-5 year issues.
_
do
36.458
37.37
34.338
35.77
4.699
6.36
5.405
6.77
5.078
6.39
4.668
5.96
4.489
5.68
4.191
5.50
4.023
5.42
3.403
5.33
3.180
5.51
3.723
5.74
3.723
8.01
3.648
5.69
3. 874
5.77
4.059
5.86
mil. $
126,802
137, 237
27,388
28, 354
29,704
30,644
31,606
33, 263
37,237
35, 830
35,253 136, 135
37, 791
39,963
42, 215
do
101, 161
109 545
01,862
02, 848
04, 060
04, 973
05, 763
07, 097
09, 545
08,826
08, 634 109,481
10, 734
12,477
14, 567
do
do
do
do
35,490
29,949
4,110
31, 612
38,310
32,447
4,35«
34,432
36,349
28,976
4,186
32,351
36, 763
29, 165
4,240
32, 680
37, 154
29,477
4,295
33,134
37, 383
29,840
4,330
33, 420
37,759
30, 072
4,357
33,575
38, 164
30, 586
4,370
33, 977
38,310
32,447
4,356
34,432
38, 111
32,096
4,319
34,300
38, 239
31, 615
4,332
34,448
38,762
31,682
4,354
34, 683
39,337
31,882
4,417
35, 098
40, 119
32, 309
4,497
35, 552
41, 104
32,841
4,571
36,051
87, 064
41,895
31,123
94,086
45, 976
32, 140
88,544
43,011
30, 609
89,458
43, 509
30, 906
90, 536
44, 112
31,098
91,279
44, 603
31, 133
91, 943
44, 947
31,331
92, 901
45, 396
31,643
94,086
45, 976
32, 140
93,668
45, 878
31,948
93,955
45, 963
31, 979
94,853
46, 415
32, 221
96, 104
47, 148
32,530
97,748
48,032
32,957
99, 734
49, 167
33,470
do
do
12, 500
1,546
14, 191
1, 776
13,206
1,718
13,296
1,747
13,570
1,756
13, 780
1,763
13,875
1,790
14, 052
1,810
14,191
1,776
14, 062
1,780
14, 126
1,887
14, 328
1,889
14,494
1,932
14,797
1,962
15, 175
1,922
do
do
14,097
327
15,459
360
13,318
339
13,390
344
13,524
347
13, 694
349
13,820
354
14, 196
359
15,459
360
15, 158
359
14, 679
360
14,628
366
14, 630
372
Federal intermediate credit bank loans. _. .do
Home mortgage rates (conventional 1st mortgages)7
New home purchase (U.S. avg.)_ __ percent
Existing home purchase (U.S. avg.)
do
2
8. 20
CONSUMER CREDIT
(Short- and Intermediate-term)
Total outstanding, end of year or month
Installment credit , total
Automobile paper
Other consumer goods paper
Repair and modernization loans
Personal loans
By type of holder:
Financial institutions, total...
Commercial banks
Finance companies
Credit unions.. _
___
Miscellaneous lenders.
Retail outlets, total...
Automobile dealers
_do_ _
do
do
••Revised, v Preliminary.
1
Average for Dec. 2 Average for year. 3 Daily average.
cTFor demand deposits, the term "adjusted" denotes demand deposits other than domestic
commercial bank and U.S. Government, less cash items in process of collection; for loans,
exclusive of loans to and Federal funds transactions with domestic commercial banks and
473-463 O - 72 - S 3
14,729 14, 833
381
391
after deduction of valuation reserves (individual loan items are shown gross; i.e., before deduc"
tion of valuation reserves).
^Revisions for months prior to Feb. 1971 will be shown later.
9Includes data not shown separately.
©Adjusted to exclude interbank loans.
§For bond yields, see p. S-20.
S-18
SURVEY OF CURRENT BUSINESS
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1971
Annual
August 1972
1971
July
June
Aug.
Sept.
1972
Oct.
Mar.
Apr.
May
June
27 692 27 004 26,619
10 300 10 324 10 433
9^008
8,937
8,916
1 384 1 387 1,426
26,654
27,057
27,486
27,648
8,929
8,011
Nov.
Dec.
26, 166
10 182
Jan.
Feb.
FINANCE—Continued
CONSUMER CREDIT— Continued
Outstanding credit— Continued
Noninstallment credit, total
Single-payment loans total
Commercial banks _
Other financial institutions
Charge accounts, total
Retail outlets.. .
Credit cards
Service credit
.
_.-._-
Installment credit extended and repaid:
Unadjusted:
Extended, total
Automobile paper
_
Other consumer goods paper
All other
-
mil $
do
do _
do
25, 641
9 484
8,205
1^279
27, 692
10 300
8,916
1,384
25, 526
9 862
8,512
1,350
do _
.do ..
do
do
8,850
6,932
1,918
7,307
9,818
7,597
2,221
7,574
8,214
6,199
2,015
7,450
8,271
6,173
2 098
7,381
8,305
6,120
2,185
7,342
8,305
6,101
2,204
7,305
8, 435
6,269
2,166
7,350
7,574
104,130
29,831
36,781
37, 518
117,638
34,638
40,979
42, 021
10,667
3,301
3,538
3,828
10, 098
3,032
3,415
3,651
10,300
3,066
3,465
3,769
9,849
2,927
3,454
3,468
9,797 10,711
3,037 3,105
3,423 3,737
3,337 3,869
11, 966
do __ 101,138
30,943
do
34 441
do
35,754
do
109, 254
31, 818
38, 481
38,955
9,497
2,771
3 268
3*. 458
9,112
2,618
3 226
3,268
9,088
2,675
3 153
3,260
8,936
2,698
3 091
3,147
9,007
9,377
2,700
9,518
2,634
3 223
3 200
3,684
3,168
10,031 10 572
2,992 3,162
3,467 3 595
3,672 3 815
10 130
10,184
2,978
3,706
3,500
10,339
3,046
3,698
3,695
10,996
9,547
9,373
2,693
3,408
3,272
9,632
2,693
3,422
9,681
3,617
3,383
do
_ do _
do
do
25 506 25 644 25 671 25 843
9 997 10 061 10 097
9 854
8*498 8,633 8,694 8^722
1 356 1 364 1 367 1 375
Repaid, total
Automobile paper
Other consumer goods paper
All other
Seasonally adjusted:
Extended total
Automobile paper
Other consumer goods paper
All other
do
do
do
do
9 715
2 838
3 433
3*444
9 675
2,773
3 399
3> 503
10, 049
3,004
3,465
3,680
10 156
3,147
3 462
3,547
Repaid total
Automobile paper
Other consumer goods paper
All other
do
do
do
do
9 190
2*678
3 233
3*279
8,914
2,565
3 203
3, 146
9,222
2,697
3,262
3,263
9 157
2,732
3 172
3,253
FEDERAL GOVERNMENT FINANCE
Budget receipts, expenditures, and net lending:
Expenditure account:
Receipts (net)
mil $ 1 193 743
Expenditure (excl net lending)
do
i1 194 460
Expend, acct surplus or deficit ( — )
do
—716
Loan account:
Net lending
do _. i —2,128
Budget surplus or deficit (— )
Budget financing, total
Borrowing from the public
Reduction in cash balances
do
do
do
do
Gross amount of debt outstanding
do
Held by the public
do
Budget receipts by source and outlays by agency:
Receipts (net), total
mil. $
Individual income taxes (net)
do
Corporation income taxes (net)
do
Social insurance taxes and contributions
(net).
mil. $
Other
do
Less: Wage accruals less disbursements
Surplus or deficit (— )
1-1,107
-297
-49
-306
2,661
3 191
3,155
9,107
2,634
3,219
3,254
1,387
8,634
6,482
2,152
3,454
9 306
2 662
3 254
3 390
19,710 12,462 14,945
18, 265 18, 677 18,798
1,444 -6, 215 -3,852
69
-116
-149
9,818
7,597
2,221
2,780
5,061
4,125
2,973
3 604
3 553
9 230
2 696
3 188
3 346
6,719
2,210
7,751
6,008
8,766
2,470
3,297
2,999
8,902
2,762
2,926
9,485
2,669
3,648
2,761
3,601
3,285
17,213 17, 596
17,085 19, 226
128 —1,630
-399
8,141
2,133
8,045
3,214
10 611
9,083
1,428
5,969
2,042
8,132
10,951
3,368
3,727
3,866
9,094 10, 104
2,634 2,836
3,407 3,660
3,053 3,609
3,143
3,921
3,932
16 239 16 237
18 589 20 000
3 350 —4,763
10 620
9,176
1,444
10 749
1,455
1,445
8,306
6,239
2,067
8,870
6,764
8,131
8,692
6,638
2,054
8,045
10,563
3,267
11,677
3,666
12,062
3,885
4,066
3,591
3,716
9,310
2,682
15,652
6,920
453
19,710
9,192
4,306
12,462
6,282
736
14, 945
7,455
512
17,213
7,096
4,927
17,596
10,944
3,764
2 430
3,464
2,336
5,996
2,282
3,784
2,428
2,983
2,460
4,120
2,858
2,642
2,549
3,615
1,967
6,740
1 211,
425
1
8, 560
174,546
19 965
266
7 590
18, 556
2,054
5,047
19, 582
1,432
5,482
18, 19,6
680
5,764
18,791
18, 947
1,094
17, 484
1,120
19,469
18 764
i 61, 866
120,991
i 3, 381
i 9, 756
7 igs
1*744
245
870
5,418
1,739
377
796
5,488
1,837
291
893
5,452
1,893
273
755
5,654
199.1
89 6
33.1
20.5
55.9
198 2
88 1
34 4
20 2
55 6
199. 1
89 8
33.2
20 0
56.1
202.8
204.5
96.5
75.1
63.3
24.5
14.6
220.8
97.8
71.4
75.0
29.3
13.6
221 2
96 3
71 2
76 8
29 5
13 6
222. 2
97.9
70.1
76.3
29.8
13.6
227.5
5.5
5.2
51
i 45, 298 i 48, 578
i 25 203 i 26, 798
1,406
6,886
1,664
266
830
5,996
5,761
1,931
286
818
1,070
1,040
16 239 16 237
3 905
6 846
' 666 4*722
4,350
1 986 2,259
20 327
9,657
2,748
3,457
3,352
9,791
2,851
24 634 17,276
19 113 19,723
6 421 —2,448
25,537
23,255
2,767
3,531
2,281
310
r-237
—2,685
2,685 -2,591
' —618 —3,368
777
'2,067
2,591
438,350 437,329
327,137 323,770
7,443
2,642
4,137
2,119
19,960
440
6,871
22,948
641
8,079
6,189
1,919
8,214
1,883
2 020
18 698
6,013
1,856
6,179
1,900
6 946
1,950
1,042
238
926
97
6,507
6,557
733
270
970
8,138
294
907
221 4
105 8
34.0
19 9
61.7
»225.4
••107 3
i»35.7
100.7
71.9
77 8
30.8
13.3
236 3
105 7
76.7
79 4
32 4
13.1
* 246 5
r
108. 1
4.6
50
56
o
.0
.1
.0
».l
-23.1
-24.7
-14.8
p-21.1
-12.9
-21.7
-23.0
Institute of Life Insurance:
Assets, total, all TJ.S. life insurance cos
Government securities
Corporate securities.
Mortgage loans, total
Nonfarm
_
bil. $_.
do
do
do
do
207. 25
11.07
88. 52
74.38
68.73
221.57
11.13
99.43
75.60
70 00
214. 28
10.79
95.03
74.54
68.97
215.28
11.03
95.68
74.58
69.02
216.44
11.08
96.43
74.71
69.12
217.49
11.00
97.20
74.80
69 21
218. 26
11.02
97.78
74.86
69.27
98.44
74.90
Real estate
_
Policy loans and premium notes
Cash
_
Other assets
___
do_ .
do
do
do. _
6.32
16.06
1.76
9.15
7.10
17.03
1 78
9.52
6.64
16.52
1.46
9.31
6.73
16.59
1.38
9.29
6.75
16.68
1.44
9.35
6.81
16.78
1 46
9.44
6.88
16.85
1.45
9.42
'19 7
J>62.6
'•78.6
r
80 4
38 1
"13.8
r
r
LIFE INSURANCE
Revised.
? Preliminary.
Data shown in 1970 and 1971 annual columns are for fiscal years ending June 30 of the
respective years; they include revisions not distributed to months.
3,526
3,414
6,655
5,897
93.8
31.1
20.8
57.0
do
do
r
1
3,761
25,637
11,142
5,571
1,774
1,020
3,398
3,969
17, 275
4,895
354
6,872
310
3,821
3 534
3,638
24 534
11 966
636
276
861
9,972
2,900
11, 118
6,107
259
4,111
10,998
3,239
3,938
3,824
3,759
5,967
1,892
9,934
2,884
2,106
7,927
10, 777
3,194
6,386
285
893
4,025
9,406
3,237
515
—327
—175
1,513 -6,330 -4,002
-271 -1,873
—2 845 i—23, 033 2,543 -5,358 -3,930
6 936
3 625 —5 090
3,930 -1,613 6,330 4,002
271
1,873
* 2, 845 i1 23, 033 -2,543 5,358
3,625 6,090 —5,935
4,226 6,854 -2,003 1,407 2,590 8,482
15 397
134
19 448 —311
2 059
3 795
4,923 1,412 -8,211 1,739
-2,
924
1,132
490
1—2 552 13 794 —2 232
1 295 —3 876
3 524
i1 382,603 1409,468 409, 468 415, 677 424,990 422, 163 421,878 424,555 434,350 432,607 434 344 437 653 435,470
284 880 1304 328 304 328 308, 554 315, 408 313,406 314,812 317,402 325,884 326,018 326 019 329 814 327 765
13, 198
6,519
879
3, 986
10 851
3 559
3,491
-243
i 193,743 1 188, 392 22 508
i 90 412 i186 230
9 867
26, 785 6 447
i 32 829
9,294
3 391
1
1
Expenditures and net lending total 9
do
196
588
1
Agriculture Department
do
S 307
1
77, 150
Defense Department, military
do
Health, Education, and Welfare Department
mil $ i 52 338
i 19, 510
Treasury Department
do
National Aeronautics and Space Adm
do
!3
749
1
Veterans Administration
do
8, 653
Receipts and expenditures (national income and
product accounts basis), qtrly. totals seas. adj.
at annual rates:
191.6
Federal Government receipts total
bil $
92.4
Personal tax and nontax receipts
do
30.4
Corporate profit tax accruals
do
19.3
Indirect business tax and nontax accruals do
49.5
Contributions for social insurance '
do
Federal Government expenditures total do
Purchases of goods and services
do
National defense
do
Transfer payments
do
Grants-in-aid to State and local govts
do
Net interest paid
do
Subsidies less current surplus of government
enterprises
bil $
1188 392 22 508 13, 198 15, 652
1210 318 19, 669 18,507 19, 276
1—21 927 2,840 -5,309 -3,624
7,311
8,795
219.35
11.15
221.57
11 13
223.31 224.74
11.32
101. 35
71.31
75 60
70 00
75.52
69 98
11 34
102. 82
75 46
69 94
6.95
16.95
1.53
9.43
7 10
17.03
1 78
7.10
17.07
1 61
9.44
7 00
17.13
1 47
9.61
99.43
9^52
9 Includes data for items not shown separately.
226. 02
11 52
103.80
75 42
69 90
7 05
17.21
1 35
9.68
227.89
11 08
105. 25
75 47
69 93
7 03
17.36
1 60
10^20
229.34
11 13
106.43
75 49
69 94
7 09
17! 44
1 54
lo!20
60
July
August 1972
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
Annual
S-19
1972
1971
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
19,046
13,421
4,953
672
16, 621
11,949
4,018
654
16,960
12,374
3,705
881
17,981
12,544
4,865
572
July
FINANCE—Continued
LIFE INSURANCE— Continued
Institute of Life Insurance— Continued
Payments to policyholders and beneficiaries in
U.S., total
mil. $.
Death benefits
do
Matured endowments
do
Disability payments _
do _
Annuity payments
__do_ __
Surrender values
do
Policy dividends
do
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :t
ValTlfi, estimated total
^
mil, $
Ordinary (incl mass-marketed ord )
do
Group
do
Industrial
do
Premiums collected:
Total life insurance premiums
do
Ordinary (incl mass-marketed ord )
do
Group
_
_do
Industrial. -_
do
16,449.4
7,017.3
978.3
232.9
1, 757. 1
2, 886. 4
3,577.4
1193,574
123,272
163,690
6,612
17,177.2 1,430.0 1,326.7 1,348.6 1,466.5 1,392.7 1,354.8 1,918.9
7,423.3 635.7 567.8 609.5 638.1 605.3 608.9 709.5
85.4
990.2
73.7
80.9
77.6
80.8
83.5
76.3
25.2
23.0
21.2
23.6
256.8
20.1
21.3
19.7
164.2
1,944.4 164.9
168.6
161.0
163.5
181.1 156.1
2,881.6 243.5 233.0 241.6 232.9
224.9 230.3 264.1
239.5 321.8 278.8 257.4 677.1
3,680.9 275.3 268.9
186,634
131,319
47,948
7,365
bll. $_,
Money supply and related data (avg. of daily fig.) :©
Unadjusted for seasonal variation:
Total money supply
__.bil. $__
Currency outside banks__
do
Demand deposits
do
Time deposits adjusted^
do
U.S. Government demand deposits^
do
Adjusted for seasonal variation:
Total money supply
do
Currency outside banks.
do
Demand deposits
do
Time deposits adjusted!
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:!
Total (233 SMSA's) O ratio of debits to deposits
New York SMSA_ _.
do
Total 232 SMSA's (except N.Y.)
do
6 other leading SMSA'sd"
do
226 other SMSA's
do
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes, all industries
__mil. $..
Food and kindred products
do
Textile mill products
do
Lumber and wood products (except furniture)
mil. $
Paper and allied products
do
Chemicals and allied products
do
Petroleum refining
do
Stone, clay, and glass products
do
Primary nonferrous metal
do
Primary iron and steel
_
do
Fabricated metal products (except ordnance,
machinery, and transport, equip.)... _mil. $
Machinery (except electrical) ....
do
E lee. machinery , equip. , 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...
Electric utilities, profits after taxes (Federal Reserve)
mil.$
14, 175
10,347
3,265
563
17,495
10,814
6,079
602
15,718
10,624
4, 495
599
14, 777
10,894
3,243
640
15, 096
11, 741
2,780
575
20,237
13,409
6,301
527
13,858
9,894
3, 366
598
14,996
11, 334
3,020
642
10,332
-62
3,564
18,469
10,332 10,332
-262
-50
1,955 2,861
7,259 48,001
10,132
2
434
22,732
10, 132
0
97
23,083
10, 132 10, 132
-1
5
84
1,586
23,192 16, 163
10, 132
0
522
15, 119
9,588 9,588
-544
38
1,117 23,831
19,390 27,714
19,940
14 912
3,753
1 275
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of period)... mil. $__ 10,732 10, 132
Net release from earmark§
do
-889
-615
Exports
thous $
51,249
37, 789
Imports .
do
283,948
237,464
Production:
South Africa
mil $ 1,128.0 '1,098.7
Canada
do
-77.3
81.8
United States
do
Silver:
Exports
thous $
27,613 19,499
Imports.. _
do
64,957 49,507
Price at New York
_ _ dol. per fine oz
1.546
1.771
Production:
Canada_
thous. fine oz*__
Mexico
do
United States
do
47,483 41, 030
Currency in circulation (end of period)
16,380
11,372
4,383
625
9,588 10, 410 10,410
6 -1,227
0
880
1,633
2,029
26, 020 27, 573 25,801
92.0
6.7
93.4
5.8
92.3
6.3
91.3
6.1
93.4
6.3
91.7
6.6
85.7
5.9
87.8
6.0
81.2
5.9
84.5
6.1
85.9
6.9
1,269
3,785
1.608
913
3,645
1.581
651
4,655
1.587
1,580
4,134
1.421
237
3,219
1.336
212
4,167
1.320
1,382
3,878
1.394
864
5,304
1.473
1,499
4,696
1.504
10,574
4,689
1.536
576
3,541
1.572
2,895
6,355
1.583
1,204
3,414
1.569
3,867
1,016
1,718
2,741
4,067
3,499
3,287
3,257
3,976
3,308
4,448
3,032
2,841
61.1
59.4
69.8
60.4
60. 5
61.7
62.2
10,410
1.736
57.1
61.1
58.4
58.6
58.9
58.8
59.2
60.6
210.0
47.7
162.3
208.2
6.4
224.1
51.1
173.0
253.8
6.4
223.7
51.0
172.7
253.8
5.3
226.0
51.9
174.1
255. 5
6.8
226.2
51.9
174.3
260.3
7.5
227.5
52.2
175.3
264.1
5.3
229.6
52.8
176.9
265.5
3.9
235.1
53.5
181.5
269.0
6.7
235.3
52.6
182.7
273.7
7.2
229.0
52.6
176. 4
277.3
7.2
231.3
53.2
178.1
280.8
7.7
236. 1 '231.3 '234.7
53.6
54.0
54.6
182. 6 ' 177. 3 ' 180. 1
283. 1 286.9
290.0
7.6
10.4
'6.8
225.5
51.1
174.5
254.4
227.4
51.6
175.8
256.4
224.9
51.9
173.0
258.1
6.8
f
228.0
51.7
176.3
257.3
227.6
51.9
175.7
259.6
227.7
52.2
175.5
263.3
227.7
52.2
175.5
265.3
228.2
52.5
175.7
269.9
228.8
52.8
176.0
274.4
231.2
53.2
178. 0
278.1
233.5
53.7
179.9
279.9
235.0 ' 235. 5 ' 236. 6 P239.6
54.0
54.9
54.4
54.7
180.9 ' 181. 1 ' 181. 9
184.7
282.8 287.0 290.9
293.7
80.4
184.0
55.2
81.3
45.0
80. 0
184.4
55.0
80.4
45.0
81.6
189.0
55.9
82.8
45.4
82.2
190.6
55.6
82.3
45.2
82.6
199.5
54.3
80.0
44.2
86.4
203.7
58.1
87.2
46.7
83.7
196.1
57.3
85.2
46.4
83.9
205.3
56.3
82.0
46.2
84.5
205.1
56.2
82.6
45.8
83.0
195.2
57.2
83.3
47.0
85.6
202. 1
58.9
87.3
47.9
85.6
200.8
'58.7
89.8
'46.9
8,507
9,517
28,572
2,549
413
31,038
2,754
558
8,525
700
151
7,538
739
139
7,980
703
175
7,934
304
719
3,434
5,893
627
1,297
692
603
501
3,780
5,829
853
621
748
160
156
1,015
1,390
289
256
351
190
141
954
1,508
283
64
22
165
76
904
1,407
212
91
171
170
168
1,062
1,287
125
160
173
1,066
2,689
2,349
1,070
2,489
2,563
330
648
663
312
616
633
202
705
725
312
713
564
593
1,424
4,522
15,070
585
3,097
4,990
15,252
182
937
1,298
3,882
185
406
1,347
3,481
117
887
1,442
4,084
p 238.0
55.2
182.8
292.7
7.2
84.7
199.9
68.7
88.1
47.5
139
163
1,010
1 209
3,899
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total. _. . mil.$
9,316
88,666 105,233 10,994
9,346
By type of security:
Bonds and notes, total
do
80,037 92,272 9,661 7,120 8,659
Corporate
do
30,315 32,129 3,042 1,951 1, 844
Common stock
do _
669
7,240
9,291 1,228
418
Preferred stock
do
1,390
3,670
104
1,527
270
'Revised. * Preliminary. 1 Includes $17.2 bil.SGLI.
§Or increase in earmarked gold (—). ©Beginning Jan. 1972 SURVEY, data reflect corrections
to the latest benchmark levels available for nonmember banks and changes in seasonal factors. Revised monthly data back to 1964 will be shown later. IfAt all commercial banks.
9,445
9,410
10,569
6, 911
7,188
7,302
6,556
8,250
9,300 5,710
8,687
6,354
6,261
7, 645 8,373
5, 580
2,573 2, 665
2,436 2,473
2,371 2,329
2,428
2, 253 2,322
1,030
1,032
637
1,999
531
1,016
846
694
598
165
86
270
169
303
282
195
263
128
JSeries revised to reflect recalculation of seasonal factors; revisions for periods prior to Feb.
1971 will be shown later O Total SMSA's include some cities and counties not designated as
SMSA's. concludes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and
Los Angeles-Long Beach.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
| 1971
Annual
August 1972
1971
June
July
Aug.
Sept.
1972
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission— Continued
Estimated gross proceeds— Continued
By type of issuer:
Corporate, total 9 ,
mil. $
Manufacturing . . _ _ __ -.
__do_ __
Extractive (mining)
do
Public utility
-do
38, 945
10, 513
2,093
11, 017
45,090
11, 578
1,283
11, 800
4 375
1 206
174
1 055
4,147
582
111
732
2,532
474
97
849
3,768
1,146
90
1,070
3 387
662
87
934
3 704
811
129
1 217
3,673
980
73
891
3,205
392
105
533
3,369
529
61
988
3,229
604
189
740
do _.
do
do
2,260
5,136
5,517
2,418
5,819
8,814
297
218
813
219
1,622
643
88
359
511
149
282
704
190
432
848
152
269
963
232
352
845
282
752
945
146
498
1,036
105
227
1,112
107
177
716
205
390
1,006
do
do_ __
do
49, 721
14, 831
17,762
60, 143
17, 325
24, 370
6 619
2 779
1 988
5, 169
1,153
1,951
6,815
3,228
1,850
5,677
1, 698
2,044
6,022
2,455
1,679
6,864
3,254
2,286
3,237
443
2,058
3,983
529
1,737
3,933
539
1,942
3,327
586
2,185
5,323
2,281
1,963
5,945
2,360
1,924
do
do
17, 762
17, 880
24, 370
26, 281
1,988
2 932
1,951
1,850
1 353 1 882
2,044
2,781
1, 679
1,843
2,286
2,785
2,058
2,492
1,737
1,594
1,942
1,752
2,185 * 1, 963
3,407 1,516
1,924 r 2, 222
2,705
2 726
i 6,535
15,700
1835
1 1,298
5 783
4 976
807
1 263
5,860
5,050
810
1,183
5,917
5,121
796
1,206
5,990
5,208
782
1,237
6,016
5,238
778
1,204
5,995
5,198
797
1, 209
6,535
5,700
835
1,298
6,850
5,989
861
1,313
7,427
6,477
950
1,327
7,847
6,896
951
1,294
8,250
7,283
967
1,278
8 472
7 478
994
1 296
!387
1, 837
415
2 023
410
1,841
405
1,838
364
1,734
393
1,765
412
1,758
387
1,837
448
2,040
434
2,108
442
2,070
433
2,030
403
1 930
61.5
72.3
65.0
80.0
63.5
74.8
63.2
74.0
63.4
77.4
64.2
81.7
65.2
84.7
66.4
84.1
66.5
83.5
67.1
84.6
66.7
83.8
66.2
84.1
65.1
82.5
65.2
84.6
65.6
83.4
65.6
83.1
60.52
67.70
65.84
66.16
67.33
69.35
70.33
70.47
68.80
68.79
68.32
68.43
67.66
68.59
69.05
69.23
Sales:
Total, excl. TJ.S. Government bonds (SEC):
All registered exchanges:
Market value
mil. $-- 4, 763. 24 8,803.91 667. 64
Face value
do____ 6, 299. 55 10,157.90 798. 59
603.44
702. 54
678. 46
789. 84
758. 11
861. 07
773. 19
851. 32
743.05
815. 80
872. 36 963. 66 862. 43 975.83
979. 30 1,011.89 903. 78 .,013.72
837. 59
859. 85
775. 98
807. 23
564.20
646 00
627.76
718. 02
694.85
769. 97
704. 31
766. 77
683.91
745.08
803. 14
890. 20
866. 66 770. 82
896. 11 804. 49
870.04
895.25
763. 19
778 24
717. 15
741 02
6,563.82 509. 87 444.24
489. 80
478.40
530. 42
497. 11 639.34
596.42
521. 85
569.24
515 14
458 20
443 07
362 57
Transportation§
- _
Communication
Financial and real estate.- -Noncorporate total 9
TJ S. Government
State and municipal
-
.
State and municipal issues (Bond Buyer) :
Long-term
Short-term
3 184 3,572
572
758
114
64
1 211
735
1,737
1 211
SECURITY MARKETS
Stock Market Customer Financing*
Margin credit at brokers and banks, end of month,
total
mil $
At brokers
do
At banks
do
Other security credit at banks
do
Free credit balances at brokers:
Miargin accounts
do
1
Bonds
Prices:
Standard & Poor's Corporation:
High grade corporate:
Composite c?
- dol. per $100 bond-Domestic municipal (15 bonds)
__do
U.S. Treasury bonds, taxablef
do
New York Stock Exchange:
Market value
_
Face value
do
do
4,328.33
5, 554. 92
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $ 4,494.86
Yields:
Domestic corporate (Moody's)
By rating:
Aaa
Aa
A
.
B>aa
8,009.57 613. 16
9,080.68 727 51
percent..
8.51
7.94
8.14
8.14
8.12
7.97
7.88
7.77
7.75
7.66
7.68
7.66
7.71
7.71
7.66
7.66
do
__do
_do___.
do
8.04
8.31
8.56
9.10
7.39
7.78
8.03
8.56
7 64
7.96
8.20
8 75
7.64
7.96
8.21
8.76
7.59
7.93
8.20
8.76
7.44
7.81
8.04
8.59
7.39
7.69
7.97
8.48
7.26
7.56
7.88
8.38
7.25
7.57
7.81
8.38
7.19
7.62
7.70
8.23
7.27
7.62
7.70
8.23
7.24
7.53
7.66
8.24
7 30
7 57
7.74
8 24
7.30
7.56
7.75
8.23
7 23
7.51
7.69
8 20
7 21
7.50
7.71
8 23
do
do ._.
do
8.26
8.67
9.04
7 57
8.13
8.38
7 go
8.39
8 43
7.85
8.34
8.46
7.80
8.30
8.48
7.64
8.12
8.39
7.58
8.04
8.25
7.46
7.96
8.13
7.42
7.92
8.12
7.34
7.85
7.98
7.39
7.84
a oo
7.35
7.81
8.03
7 42
7 87
8 04
7 43
7.88
8.01
7 36
7 83
7 98
7 39
7 80
8 00
Domestic municipal:
Bond Buyer (20 bonds)
Standard & Poor's Corp. (15 bonds)
do
do _.
6.34
6.50
5.46
5.70
6.19
6.22
6.05
6.31
5.39
5.95
5.24
5.52
5.11
5.24
5.44
5.30
5.02
5.36
5.35
5.25
5.29
5.33
5.40
5.30
5 20
5.45
5.15
5.26
5.43
5.37
5 32
5.39
U.S. Treasury bonds, taxable©
do
6.59
5.82
5.94
5.91
5.78
5.56
5.46
5.44
5.62
5.62
5.67
5.66
5.74
5.64
5.59
5.57
8.99
9.76
4.69
3.92
6.77
10.44
8.81
9.50
4.77
3.78
7.28
10.62
8.85
9.57
4.78
3.84
7.28
10.57
8.82
9.53
4.78
3.84
7.28
10.57
8.77
9.43
4.78
3.84
7.28
10.66
8.76
9.43
4.78
3.84
7.28
10.70
8.75
9.41
4.78
3.84
7.28
10.70
8.73
9.39
4.79
3.49
7.28
10.70
8.73
9.39
4.81
3.51
7.31
10.77
8.75
9.42
4.83
3.51
7.31
10.79
8.78
9.45
4.83
3.58
7.31
10.91
8.79
9.45
4.86
3.58
7.31
10.91
8.80
9 49
4 86
3 58
7 31
10.99
8.88
9.58
4.86
3.81
7 31
11.02
8.87
9 58
4 86
3 78
7 31
11.02
8.87
9.59
4.86
3.78
7 31
11.02
226. 70
270. 83
79.06
65.61
261.43
318. 75
84.16
85.12
261. 94
320. 58
84.95
84.56
251. 35
305. 79
83.31
81.86
262. 95
322. 28
79.70
93.50
261. 31
320. 26
78.81
93.32
251. 49
306. 25
82.41
86.56
251. 26
306. 87
79.80
82.15
271.78 276. 91 281. 04
333.51 341.04 348. 64
85.56 84.18 81.48
95.27 94.21
92.07
285.67
354.30
80.77
95.75
286. 59
356 26
77 94
94 88
289-. 90
361. 77
77 13
92 69
283. 32
354 96
75 27
87 87
285. 55
357. 89
75.11
86 96
3.97
3.60
5.94
5. 97
4.03
4.02
3.37
2.98
5.67
4.44
4.14
3. 25
3.38
2.99
5.63
4.54
4.39
3.15
3.51
3.12
5.74
4.69
4.46
3.15
3.34
2.93
6.00
4.11
4.34
3.08
3.35
2.94
6.07
4.11
4.31
3.11
3.48
3.07
5.80
4.44
4.19
3.31
3.47
3.06
6.00
4.25
3.97
3.33
3.12
2.71
5.93
3.80
3.91
3.24
3.08
2.67
6.02
3.74
3.58
3.14
3 07
2 66
6 24
3 77
3 43
2.90
3 06
2 65
6 30
4 11
3 49
2.82
3 13
2 70
6 46
4 30
3 53
3.00
3.11
2 68
6 47
4.35
3 28
3.13
_
By group:
Industrials
Public utilities
Railroads
Stocks
Dividend rates, prices, yields, and earnings, common stocks (Moody's):
Dividends per share, annual rate, composite
dollars..
Industrials
do
Public utilities.. _
_
do
Railroads
do
N.Y. banks
do
Property and casualty insurance cos
do
Price per share, end of mo., composite
Industrials
Public utilities
Railroads.
__do
do
do
do
Yields, composite
._
_ _ . percent
Industrials
do
Public utilities _
_
do
Railroads
_ do
N.Y. banks
do
Property and casualty insurance cos
do..-.
Earnings per share (indust., qtrly. at arm. rate;
pub. util. and RR. , for 12 mo. ending each qtr.) :
18.31
15 30 r 17 55
Industrials
dollars
p 7 01
6.88
6 89
Public utilities
do
4.04
3.93
Railroads
do
3.53
!
r Revised.
*> Preliminary.
End of year.
*New series; more detailed information
appears in the February 1972 Federal Reserve Bulletin.
9 Includes data not shown separately.
§ Beginning April 1971 SURVEY, data restated to include "other transportation" in addition to railroad data formerly shown.
3.21
2.82
5.62
3.81
3.84
3.27
3.16
2.76
5.74
3.68
3.88
3.28
18.57
15.05
19.86
J>7.21
p 7. 14
7.10
4.32
» 4.46
3.93
d*Number of bonds represented fluctuates; the change in the number does not affect the
continuity of the series.
^Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
0 For bonds due or callable in 10 years or more.
SUEVEY OF CURRENT BUSINESS
August 1972
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1972
1971
1971
Annual
S-21
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks—Continued
Dividend yields, preferred stocks, 10 high-grade
(Standard & Poor's Corp.)percent..
Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Transportation (20 stocks)
_
Standard & Poor's Corporation:^
Industrial, public utility , and railroad :
Combined index (500 stocks)
1941-43=10_.
7.22
6.75
6.99
7.03
7.04
6.90
6.75
6.78
243. 92
753. 19
108. 75
152. 36
298. 12
884. 76
117. 22
217. 20
300. 23
900. 43
114. 36
217. 96
298. 28
887. 81
118. 12
214. 94
297. 74
875. 40
113. 28
222. 89
308.42
901. 22
111. 20
241.35
302. 19
872. 15
113. 76
236. 52
285. 91
822. 11
111.03
221.48
83.22
98.29
99.72
99.00
97.24
99.40
97.29
92.78
_do_.__ 91.29
87.87
do
do
80.22
_ do_ . . . 54.48
do
32.13
Industrial, total (425 stocks) 9
Capital goods (116 stocks)
Consumers' goods (184 stocks)
Public utility (55 stocks)
Railroad (20 stocks)
______
6.76
6.91
6.90
6.93
6.99
317. 15 323. 84
914. 37 939.23
113.41 114.34
255. 10 259.48
329. 83
958. 16
110. 56
270. 08
322. 26
948. 22
108. 80
257. 34
315.09
943.43
106. 27
243.84
306.91
925.92
107.09
229.95
103.30
105.24
107. 69
108. 81
107. 65
108.01
107. 21
119.73
116. 89
113.20
57.73
46.48
121. 34
120. 19
115. 05
55.70
47. 38
120. 16
119. 65
112. 67
64.94
45.06
120.84
120.92
113.43
53.73
43.66
119. 98
119. 13
112.67
53.47
42.00
6.81
6.57
301.72 315. 61
869. 90 904.65
112.43 118.84
237. 81 249.85
99.17
6.67
108.35
102. 80
99.78
69.33
41.94
110. 26
105. 46
100.96
67.90
42.12
109. 09
102. 48
100,55
60.08
42.05
107. 26
100. 90
99. 82
57. 51
43. 55
109. 85
104.55
103. 34
56. 48
47.18
107.28
100. 66
101. 31
57.41
44.58
102. 21
95.51
97.47
55.86
41.19
109. 67
103. 78
103.92
57.07
43.17
114. 12
109.69
106.45
60.19
45.16
116. 86
113.90
109.42
57.41
45.66
Banks:
New York City (9 stocks). _
do.—
Outside New York City (16 stocks). ...do....
43.83
77.06
46.31
87.06
44.68
85.97
44.54
85.83
42.97
85.08
45.10
85.09
45.91
84.98
46.42
83.55
49.79
88.74
49.70
90.16
49.28
90.19
52.16
94.79
55.76
103. 47
55.57
101. 57
55.27
103.63
57.35
106.94
Property-liability insurance (16 stocks)., do
78.34
115.04
119. 24
126. 23
123.73
127. 11
120. 71
115. 65
119.58
119.26
122.20
128. 19
133.66
139. 43
132. 63
127.13
New York Stock Exchange common stock indexes:
Composite
.
12/31/65=50..
Industrial
do
Transportation
do
Utility
^
do
Finance.— do
45.72
48.03
32.14
37.24
eoioo
54.22
57.92
44.35
39.44
70.38
55.06
59.25
44.90
38.71
70.01
54.83
58.70
44.02
39.72
70.42
53.73
57. 62
44. 83
38. 17
69. 41
54.95
59.13
48.09
37.53
72.14
53. 76
57.52
47.02
37.93
71.24
51. 17
54.50
44.29
36.87
68.98
54.76
68.85
48. 34
37.52
72.28
57.19
61.33
50. 56
40 02
74.24
58.45
63.36
52.80
38. 56
73.74
59.96
65. 18
53.71
38. 56
77.15
60.65
66.10
55.50
37.48
80.36
59. 82
65.30
53.43
37. 04
78. 32
59.87
65.76
51.26
36.32
76.59
59. 21
65.13
48.45
36.02
75.41
131 126
4*539
185, 027
5^916
15, 186
462
16, 563
*409
15, 327
460
12, 833
393
12, 994
403
12, 304
405
17, 648
574
16, 872
647
18, 549
609
21, 408
661
18, 448
584
17, 093
507
103, 063
3,213
147, 098
4,265
12 249
337
10, 903
'296
12, 271
337
10, 165
286
10, 214
289
9,757
295
13, 997
416
12, 971
376
14 278
423
16, 439
460
14, 122
413
13,124
357
2,937
3,891
304
265
321
253
280
276
378
380
376
404
368
336
315
289
612. 49
15, 522
741. 83
17, 600
709. 69
16, 663
684. 56
16, 797
711. 93
16, 915
709. 00
17, 032
681. 17
17, 170
679. 42
17, 320
741. 83
17, 500
761.35
17, 589
782. 94
17,692
790. 22
17, 777
791. 04
17, 916
810.43
18, 113
793. 22
18, 432
791. 10
18, 607
Sales:
Total on all registered exchanges (SEC):
Market value
mil $
Shares sold
millions
On New York Stock Exchange:
Market value
mil $
Shares sold (cleared or settled)
millions
New York Stock Exchange:
Exclusive of odd-lot and stopped stock sales
(sales effected)
millions
Shares listed, N.Y. Stock Exchange, end of period:
Market value, all listed shares
bil. $
Number of shares listed.
_ . -millions
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value of Exports
Exports (nidse.) Incl reexports total
Excl. Dept. of Defense shipments
Seasonally adjusted
By geographic regions:
Africa..—
Asia
Australia and Oceania
Europe .
mil $
43 224 0 r44 129 9 '3 741 1 '3 395 7 '3 423 8 '4 259 5 r2 891 1 ••3 2645 '4 088 4 3 872 6 3 818 4 4 349. 2 3, 936. 7 4, 195. 5 4, 050. 9
do
do
42,689.3 '43 548 6 3 685 6 '3,338.1 '3,366.2 ^4,219.8 '2 825.7 '•3,221.3 '4,055.9 3, 814. 8 3, 780. 0 4, 309. 7 3, 886. 6 4, 142. 8 4, 014. 9
3 660 7 3 492.7 3678 0 4 510 6 2 709 9 3 159 7 3 858 5 4 220 8 3 805 6 3 890.7 3, 760. 3 3 913.5 3, 904. 7
do
do
do
do
Northern North America.. _ _ _ _
Southern North America
South America
By leading countries:
Africa:
Egypt
__ _ _
Republic of South Africa
_
do _
do
do
do
do
Asia; Australia and Oceania:
Australia including New Guinea
do
India
do
Pakistan...
_ .
. d o
Malaysia
do
Indonesia
Philippines
Japan
.
-
Europe:
France
East Germany. _
West Germany
Italy _ .
Union of Soviet Socialist Republics
United Kingdom
1, 579. 1
10, 022. 8
1, 188. 2
14,816.8
173.2
160.1
1, 694. 1 142.6
141.7
981.5
708.1 704.1
9 849 5 823 8
104.9
93.3
130.
6
1, 168. 8
85 8
14, 574. 1 1, 149. 5 1, 120. 0 1, 114. 9 1, 421. 1
53.3
616 7
100.1
820.7
113.2
114.6
106.7
138.9
131. 3 136.6
183.0
148.7
809.8 1, 068. 8 876.0 900.4 931. 7
737.1 912 4
871.5
95.0
85.7
72.4
70.7
73.7
91.0
81.6
117.7
988.8 1, 404. 2 1, 304. 2 1, 289. 6 1, 436. 5 1, 248. 5 1, 388. 4 1,182.8
9, 080. 3 10, 367. 7
3,241.3 3, 154. 2
3, 290. 0 3 328.2
77.2
662 7
62.9
622 4
1 003 5 1 018 8
' 572! 5 648.2
211.6
326.4
73.8
66.6
999.1
265 4
273 8
740.7
272.8
302.8
777.4
259. 6
295. 5
908.0
310.0
366.1
917. 6
223. 6
161.2
931.9
230.8
194.9
876 6
287.4
307 5
859.5
262.0
309.1
2.7
49 2
10.3
50 2
2.5
47 3
6.7
65 2
2.0
17 8
4.0
52 1
8.2
88 8
5.2
67 4
5.9
38 3
9.1
48 4
8.6
40 7
3.5
36.4
7.7
46 4
72 7
49.5
11.6
9.5
81 8
52.1
16.7
4.4
119 7
45.9
15.6
6. 0
91 7
63.7
29.4
8.9
90 4
38. 7
14.4
4.7
62 3
44.0
4.0
6.5
100 0
51.8
5.8
8.4
69 2
41.8
14.9
7.6
74 2
29.2
16.7
5.5
80 2
45.9
19.9
9.5
72 0
18.3
25.4
11.4
69.5
21.7
13.3
9.2
58 4
49.2
17.1
7.0
do
do
do
266.0
373.2
4, 651. 9
263. 0
340.2
4, 054. 7
25 6
36.6
303.4
21.4
25.5
261.0
18.9
25.0
299.7
34.4
34.6
371.2
10.8
16.4
291.6
17.8
21.5
329.0
24.2
35.6
403.9
27.7
29.7
370.9
25.4
26.1
321.7
18.1
34.8
512.6
35.0
28.4
372.8
26.9
30.6
375.0
29.8
31.0
387.7
do
do
do
1,483.0
32.5
2, 740. 7
1, 380. 2
25.4
2, 832. 0
113.6
1.2
219.0
108.3
.3
240.9
109.9
.2
217.1
132.7
1.8
259.9
80.3
.7
164.0
82.8
2.6
203.2
125.3
7.1
261.4
121.9
1.5
229.3
144.1
1.7
233.2
172.4
5.7
251.7
123.5
.4
234.7
129.4
.3
237.3
117.0
.5
219.6
do
do
do
1, 353. 0
118 7
2 536 3
1, 314. 0
160 6
2 374 0
92.2
11 0
179 0
87.1
12 8
164.4
96.3
10.8
156.3
120. 8
14 9
240 4
65.7
9 3
133 2
90.5
13 7
153 9
142.6
26 6
255 7
110.8
21 6
253.8
114.4
29.6
182.8
144.8
35.1
277.0
110.7
30 2
201.8
163.6
29.1
197.5
115.3
21.0
200.2
North and South America:
Canada
___
do
9.079.3 10, 365. 7 999. 1 740.7 777.4
'Revised.
cFNumber of stocks represents number currently used; the change in number does not
925.2 1, 024. 3 1,071.0 1, 120. 1 1, 114. 6
274.5' 296.1 275.0 290. 5
283.6
297.0 291.9
267.3 309 1 328.7
908.0 917.6 931.9 876.6
859.5
affect continuity of the series.
9 Includes data not shown separately.
925.2 1,024.2 1,070.9 1, 119. 9 1, 114. 6
S-22
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
| 1971
Annual
August 1972
1971
June
July
Aug.
Sept.
1972
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
478.3
23.1
90.5
12.8
23.2
153.7
70.3
534.3
34.5
102.7
25.6
24.5
159.7
72.3
552.4
24.9
108.0
15.4
29.9
158.9
94.4
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value of Exports— Continued
Exports (mdse.), incl. reexports— Continued
By leading countries— Continued
North and South America— Continued
Latin American Republics, total 9
mil. $~ 5,695.2
441.0
Argentina
do
840.5
Brazil , do
300.3
Chile
do
394.8
Colombia
do
1, 703. 7
Mexico
do
759.3
Venezuela
. do
Exports of U.S. merchandise, total
Excluding military grant-aid
Agricultural products, total __
Nonagricultural products, total
do
_ __do _
_do
do
By commodity groups and principal commodities:
Food and live animals 9.mil. $—
Meats and preparations (incl. poultry)-. do
Grains and cereal preparations
do
Beverages and tobacco
do
5,667.0
391.0
966.3
223.7
378.0
1,622.1
787.1
477.8
29.1
72.9
19.3
29.5
135.7
70.0
502.5
32.9
88.9,
20.2
35.1
135.5
70.7
487.2
32.9
80.2
20.4
31.1
126.5
76.0
584.2
47.1
107.5
24.5
37.5
134.8
82.3
329.6
13.5
48.8
10,0
18.4
131.3
39.8
372.8
17.0
60.8
14.0
30.2
136.1
43.1
504.3
41.8
88.0
17.8
29.6
133.2
74.4
502.6
34.1
96.9
18.2
28.9
140.5
69.9
515.1
26.4
95.7
16.6
25.0
158.8
73.4
42,590.1 '43,491.8 '3,680.2 '3,350.4 '3,376.7 '4,205.3 '2,838.9 '3,220.1 4,031.5 3,823.8 3, 761. 1 4 289 5 3,861.5 4, 127. 1 3,978.2
42,025.4 '42,910.5 '3,625.8 '3,292.7 '3,319.0 '4,165.6 '2,773.5 '3,177.0 3,999.1 3, 765. 9 3, 722. 7 4, 250. 0 3,811.5 4, 074. 4 3, 942. 2
7,246.8 7,694.9 ' 607. 6 579.0 546.0 749.8 466.3 629.2
715.2 668.6
628.2
711.9
842.4
770.1
743.3
35,343.3 35,802.3 '3,072.6 2,733.3 2,830.7 3,459.6 2,374.7 2,590.3 3,189.7 3,053.7 3,045.9 3,620.9 3,233.3 3,415.3 3,234.8
4,356.3 ••4,366.6
174.7
192.0
2,596.0 2,447.4
701.7
' 709.1
334.9
15.0
172.3
60.0
323.6 '309.2 '445.1 '284.0 '383.2 ' 460. 2
17.3
23.2
13.3
18.1
17.4
14.6
224.4
184.2
170.8
277.6 137.5 189.6
'61.3
74.4
122.7
10.1
12.0
Crude materials, inedible, exc. fuels 9
Cotton raw excl linters and waste
Soybeans, exc. canned or prepared
Metal ores, concentrates, and scrap
do
do
do
do
4,604.8 '4,328.2 ' 363. 6
372.1
583.5
44.5
1,215.9 1,324.8 ' 112. 0
939.5
485.9 '40.5
Mineral fuels, lubricants, etc. 9
Coal and related products
Petroleum and products
Animal and vegetable oils fats waxes
Chemicals
Manufactured goods 9
Textiles
Iron and steel
Nonferrous base metals
do
do
do
do
do
do
do
do
do
1,594.7 '1,497.5
62.1
107. 1 167.3
133.5
158.2
87.1
1, 044. 1
950.7
19.8
65.0
106.7
89.1
117.3
53.3
487.9
35.8
478.9
36.6
45.4
41.0
45.6
29.4
493.0 ' 615. 2
37.0
62.7
45.4
49.3
58.1 '40.5
3,825.6 '3,835.8 '346.9 '368.4 '384.7 ' 424. 8 ' 204. 4 ' 223. 5
5,065.2 '4,413.4 ' 390. 5 ' 352. 7 352.2 ' 436. 8 253.0 315.2
603.1
632.1
44.8
50.1
56.0
50.0
67.9
33.0
1,268.8
65.5
791.1 '72.8
72.1
57.4
70.7
39.3
892.5
595.6 '54.0
36.1
35.3
36.7
51.7
24.3
Machinery and transport equipment, total
mil. $__ 17,881.9
11,379.3
Machinery, total 9
do
626.4
Agricultural
do
395.7
Metalworking.
do
1,422.3
Construction, excav. and mining
do
2,999.2
Electrical
do
Transport equipment, total
do_ __ 6,502.6
3,550.0
Motor vehicles and parts
do
2,570.7
Miscellaneous manufactured articles
do
1,496.3
Commodities not classified
do
Value of Imports
Generalfmports, total
do
39,951.6
Seasonally adjusted
do
By geographic regions:
1,112.9
Africa
do
Asia
do
9,621.2
Australia and Oceania
do
870.6
11,394.6
Europe
_
do
Northern North America
..
do _ 11,094.8
Southern North America
do____ 2,850.1
South America
do
2,983.1
By leading countries:
Africa:
22.9
Egypt
do
290.2
Republic of South Africa
^
do
Asia; Australia and Oceania:
Australia, including New Guinea
do
622.6
India
do
298.1
Pakistan
do ___
80.2
Malaysia
do
270. 2
Indonesia
do__ _
182.4
Philippines
do
471.7
Japan
do
5,875.4
Europe:
France
do
942,3
East Germany
do
9.4
West Germany
do
3,127.0
Italy _
_.
do
1,316.0
72.2
Union of Soviet Socialist Republics
do
United Kingdom
do
2,193.6
North and South America:
11,092.0
Canada
do
4,778.9
Latin American Republics, total 9
do
171.8
Argentina
do
669.5
Brazil
do
Chile
._
do— . 157.0
268.8
Colombia
___do
1,218.5
Mexico
do
1,082.0
Venezuela
do
By commodity groups and principal commodities:
5, 767. 4
Agricultural products total
do
34. 184. 2
Nonaericultural products . total- _ _
do
' Revised.
9 Includes data not shown separately.
520.9
43.9
87.5
20.5
29.5
150.8
69.3
'19,459.8
11,596.0
596.7
404.5
1, 404. 2
3,068.0
'7,899.0
4, 151. 1
'2,734.1
'1,531.3
298.4
31.2
109.2
39.8
302. 5
24.4
102.7
35.4
369. 2 ' 266. 6
47.8
29.7
93.7
90.9
53.2
24.3
'75.8
371.7 '463.2
42.0
65.4
146.4
158.4
21.9
37.5
122.1
76.4
36.4
'59.0
309.1
409.3
66.8
83.5
56.0
473.9
23.7
295.8
379.4
14.9
215. 8
373.0
14.5
229.2
376.4
17.7
198.8
361.7
18.8
214.4
449.0
27.6
265.2
126.2
112.0
49.5
34.3
59.0
54.1
386.8
27.7
109.7
41.9
371.2
24.6
106.1
42.2
135.8
96.4
35.6
42.0
343.5
413.8
64.0
69.3
47.5
123.5
84.9
35.9
62.1
334.8
404.4
63.5
70.8
44.3
397.7
53.9
134.9
25.4
378. 2
65.2
110.4
30.7
436.2
72.1
102.9
41.9
116.6
71.6
36.5
52.4
337.8
357U
68.8
62.9
42.9
109.1
70.5
31.4
39.7
351. 8
391.9
59.8
65.4
53.2
131.6
136.5
88.8
87.4
35.1
42.8
35.8
38.2
342.3 * 294. 1
434.8 387.5
61.2
63.8
61.4
74.7
51.0
55.6
399.1
45.8
125.9
30.8
'1,632.8 '1,419.9 '1,382.9 '1,814.2 '1,382.9 '1,496.9 1, 760. 3 1, 664. 9 1,637.4 2,057.6 1,801.0 1,895.2 1,757.4
1,101.3
' 958. 2 908.3
861.9 1, 100. 6
822.6 893.4 1,083.6 1,047.6 1,026.7 1, 190. 3 1,086.3 1,119.3
69.6
71.9
64.2
48.7
63.1
71.0
40.7
49.6
44.3
53.2
38.2
59.1
43.3
31.2
38.6
38.4
27.7
33.8
35.2
39.0
29.8
47.1
27.7
31.1
36.7
21.5
139.8
139.5
122.0
142.7
121.5
145.4
101.
3
110.3
121.8
111.9
98.0
140.0
94.5
303.5
305.6
291.9
296.3 276.4 323.2
240.3 300.5
238.4 291.7
' 246. 8 244.3
234.6
775.8 656.1
714.7
610.8 867.3
' 674. 6 ' 511. 8 ' 521. 2 ' 714. 0 ' 561. 3 ' 605. 2 ' 677. 0 617.3
438.7 398.9
341.
6
415.5
368.5
418.5
337.1
' 416. 5 271.8
280. 0
416.3
288.3 351.6
265.4
264.2
250.6 284.0 271.3
233.4 221.1 232.0
258.0
185.4 ' 211. 4 ' 258. 8 240.6
131.4
117.4
145.1 137.9
150.8
133.9
107.1 113.8
134.9
135.3
125.3 ' 118. 3 124.7
'45,562.7 '4,271.0 '3,693.4 '3,838.2 '4,245.9 '3,463.3 '3,522.0 '4,278.7 4, 279. 9 4, 177. 3 4,844.2 4,247.9 4,722.2 4, 766. 5
'4,011.8 '3,792.8 '3,928.2 '4,237.4 '3,522.8 '3,378.7 '4,128.4 4, 539. 6 4,403.2 4, 475. 0 4,459.7 4,465.9 4,495.0
1,236.8
11,782.5
895.0
12, 845. 6
12,765.6
3,001.4
3,033.9
139.1 126.8
111.3
119.4
104.1
126.4
81,0
96.3
139.9
104.3
134.7
113. 3
78.6
999.3 1,332.1 1,108.0 1,251.3 1,240.3
'1,118.8 851.5 934.8 1, 104. 0 946.7 1, 060. 9 1,327.0 1, 126. 7
96.6
94.9
95.3
68.4
66.0
73.3
45.3
86.3
83.4
120.4
98.7
88.1
62.3
788.7 1,032.3 1,244.2 1, 240. 6 1, 427. 6 1, 159. 7 1,330.8 1,345.9
'1,215.6 1, 185. 1 1, 197. 7 1, 216. 8 920.9
'1,206.3 968.3 961.1 1, 116. 4 1, 094. 9 1, 139. 4 1,130.4 1, 106. 6 1, 144. 0 1, 288. 6 1,234.3 1,339.5 1,373.3
287.5
316.1
310.6
290.1 317.5
245.3
296.1
281.4
242.2 222.9
260.0 230.9
187.4
330.8 312.0 275.8 223.4 246.0 292.3
306.0 335.5 178.3 169.1 269.4
'280.0 276.7
19.1
286.6
.7
28.8
.7
19.2
2.1
17.7
4.3
30.4
1.2
23.2
.9
17.3
1.5
30.4
1.6
17.4
1.3
23.1
.6
34.4
1.8
21.1
.4
33.3
2.5
22.1
636.2
329.2
77.1
269. 1
207.2
495.8
7, 260. 9
57.4
31.7
4.2
32.2
17.5
48.8
685.1
63.4
26.2
4.7
13.9
17.4
39.8
490. 6
52.2
30.2
6.8
30.1
21.4
41.8
530.4
89.0
41.9
8.8
24.3
20.7
47.2
649.4
48.8
15.3
3.1
17.5
12.9
38.3
604.5
34.5
17.4
3.7
22.3
14.2
39.8
706.5
72.9
36.2
9.3
26.8
18.4
64.4
811.0
49.6
42.1
5.6
27.8
23.7
22.8
664.5
46.8
34.5
5.8
29.0
19.6
30.0
580.7
48.7
38.2
1.5
26.0
17.1
49.1
847.1
72.7
30.4
3.5
20.6
23.2
28.9
691.7
62.1
42.5
4.0
30.7
21.7
32.2
769.3
68.4
42.8
3.3
23.3
20.1
50.8
707.2
1,087.8
10.1
3,650.8
1,406.0
56.8
2,459.1
108.8
.8
336.6
128.1
6.1
246.6
101.4
.9
336.0
128.1
5.1
222.9
102.5
.9
347.6
149.4
3.7
235.5
98.7
1.0
356.8
120.9
5.3
235.4
65.7
.6
264.2
93.5
4.8
193.5
71.0
.4
222.3
89.2
2.3
150.9
75.8
1.1
299.7
120.5
3.0
182.8
102.1
1.6
325.2
155. 2
3.8
226.9
103.5
1.1
336.3
142.9
4.6
232.1
138.0
1.0
385.7
164.3
5.8
263.7
98.2
.9
317. 7
139.0
1.9
214.2
112.9
.6
395.7
132.3
7.9
245.6
115.8
.6
349.2
143.6
7.4
295.6
12,761.7 1,216.7
4,882.3 441.8
15.9
175.9
81.7
761.8
90.9
7.1
22.0
239.4
105.0
1,262.5
107.4
1,215.8
967.7
406. 3
17.4
76.7
9.4
27.4
83.4
100.2
961. 0 1, 115. 1 1,094.9 1, 139. 1 1, 129. 9 1,105.8 1, 143. 4 1, 288. 1 1,234.2 1,339.2 1,373.2
476.3
456.1
449.0 461.8 283.8 315.2 453.8 518.6
421.2
512.9 486.9
17.7
14.8
16.8
17.5
20.6
16.7
15.3
22.5
12.5
8.9
19.1
74.7
64.3
100.1
48.3
100.1
98.1
50.5
103.1
26.7
32.3
62.7
5.7
3.3
4.5
6.4
4.1
10.7
6.8
.6
14.7
.7
2.7
21.0
30.4
24.5
22.6
17.9
14.5
26.7
9.0
10.7
31.6
23.1
125.0
122.4
155.0
155.1
144.7
88.9
88.2
120.2
145.6
116.3
84.9
113.9
95.5
95.2
104.0
119.6
97.2
87.0
102. 5
109.2
127.8
85.8
534.9 526.7
555.9
487.7
590.5 507.9
625.0
286.0
291.0
550. 9
5,768.1 529.8 487.3
585.8
39,834.0 3,753.4 3,211.8 3,291.3 3,628.7 3,185.6 3,239.6 3,731.8 3,694.1 3, 586. 8 4,336.2 3,760.2 4,187.3 4,239.8
July
S-23
SURVEY OF CURRENT BUSINESS
August 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
Annual
1972
1971
1971
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value of Imports — Continued
General imports— Continued
By commodity groups and principal commodities:
Food and live animals o
mil $
Cocoa or cacao beans
do
Coffee
do
Meats and preparations
do
Sugar
do
Beverages and tobacco
do
Crude materials, inedible, exc. fuels 9 -—-do
Metal ores
do
Paper base stocks
do
Textile
fibers
do
Rubber
do
Mineral fuels lubricants etc
Petroleum and products
do
do
Animal and vegetable oils and fats
do
5,374.7 '5,628.8 ' 500. 6 '481.8 ' 529. 0 ' 609. 7
200.7
15.6
181.3
16.0
12.5
12.9
1, 159. 5 1, 167. 8 '102.2
113. 8
141.3
142.7
1, 014. 4 1,050.4
105.0
102.0
94.6
128.9
725.3
763.6
69.6
81.3
68.1
98.8
855.0
875.5
92.7
86.9
104.4
83.1
3,307.2 ' 3, 382.0 ' 348. 4 ' 313. 0 ' 301. 8 ' 308. 1
1, 148. 9 1, 043. 6 ' 122. 8 125.4
97.2
81.2
501.9
502.3
49.2
43.5
40.0
37.8
201.7
158.4
17.6
16.2
12.3
14.2
236.5
216.0
25.4
19.2
23. 9
16.8
290.2 302.8 '542.6
25.4
5.8
6.5
44.6
92.9
31.7
110.3
61.9
61.8
71.2
46.2
41.3
61.4
63.3
50.5
247.2 '254.3 ' 294. 7
80.5
83.7
74.9
42.6
42.5
37.8
15.4
7.6
3.9
19.6
15.6
13.7
547.1
18.3
134.8
97.0
75.1
83.5
288.9
70.3
41.9
13.4
18.3
640.8
18.7
114.6
81.9
67.5
84.8
276.4
57.2
42.7
19.6
17.0
472.9
13.4
60.6
83.1
62.6
80.9
313.5
76.2
46.7
12.6
20.7
475.3
14.3
81.1
92.1
69.7
68.3
291.7
70.9
42.2
17.2
15.5
516.1
12.8
95.5
94.6
48.4
88.0
341.8
100.4
38.3
17.8
15.9
525.5
13.3
78.8
89.8
102.4
88.6
324.1
95.6
42.8
16.8
11.5
3,074.7 '3,714.8
2,764.3 3,323.3
427.4
388.5
354.9
299.7
375.3
334.6
375.1
336.1
159.6
' 171. 6
303.0
268.0
303.8
275.6
327.2
298.7
333.1
303.0
309.8
276.4
331.7
307.8
400.9
354.7
398.4
362.5
376.4
331.9
13.9
12.0
11.0
17.6
13.5
12.1
14.8
14.8
21.1
15.4
12.3
14.3
16.5
187.5
169.2
175. 6
804.9
166.8
89.7
138.8
115.0
993.7 1,017.7
266.5 263.4
91.8
92.2
200. 6
168.6
127. 0
126.7
Chemicals
do
1,450.2 ' 1, 612. 3
Manufactured goods 9
Iron and steel
Newsprint
Nonferrous metals
Textiles
do
do
do
do
do
8,438.3 '•9,545.8 ' 947. 7 ' 782. 7 '811.3 '896.4
2,030.2 2, 725. 4 300.0 254.3 236.7
259.3
929.6
75.6
88.2
988.5
85.2
74. 2
1, 655. 6 1, 552. 7 ' 149. 2 122.9
135.8
149.4
1,135.3 1,392.0 r 132. 2
112.8
134.0
113.2
Machinery and transport equipment
Machinery, total 9
Metalworking
Electrical
do
do
do
do
do
do
'11,171.7 '13,873.2 '1,305.5 ' 991. 4 '1,027.6 '1,213.8 '1,149.0 '1,210.6 '1,302.0 1, 269. 2 1, 334. 0 1,668.7 1,429.6 1,566.6 1,531.6
5, 288. 7 5, 967. 8 '561.3 473. 1 442.8
550.4 575.0 568.2 745.6 616. 2 646.7 672.7
523. 8 495.1 503.6
9.0
13.1
106.8
8.6
9.4
6.9
9.9
9.1
14.3
4.1
163.7
8.811.2
8.4
7.8
2,271.2 2, 556. 6 239.7 187.6
251.2
211.9 310.0
185.3
222.6
236.0
241. 7
232.6
252.5 256. 8 282.4
919.9 858.9
694.2 765.8 923.1 813.4
5,883.0 7, 936. 0 ' 744. 2 513. 8 588.9 696. 0
662.2
715.1 753.7
705. 0
504.2
600.6 580.2
650.9 588.0
5, 067. 6 6, 846. 5 ' 645. 5 443.9
620.9
651.3 758.7
676.3 778.4
do
4, 846. 3 ' 5,372.9
492.8 '453.2
474. 7 ' 484. 2
449.2 ' 436. 7 * 538. 9
519.1
477.5
610.4
496.1
524.8
580. 9
1,273.8 ' 1,475.6
124.1
132. 6
120.5
112.6
127.1
116.9
140.3
127.2
116.0
133.0
127.3
132.2
131. 9
110.7
123. 9
137.1
114.2
122.7
140.0
112.8
126.8
141.9
113.2
114.0
129.0
113.0
115.0
130.0
113.8
143. 5
163.3
116.0
94.5
108.7
113.8
109.3
124,4
115.4
135. 8
156.6
115.9 ' 117. 2 ' 116. 1 ' 117. 3 116.4
127.2 '124,3 ' 143. 3 ' 127. 3 137.1
159.5
149.2
147.5
145.8 166.4
118.0
130.8
154.4
111.6
133.1
148. 6
117.4
144.5
169.6
117.2
163.1
191.1
117.8
140. 2
165.1
118.0
145.5
171.7
117.4
161.7
189.8
119.8
129.3
154.9
120.4
130.8
157.6
118.4
161.5
191.1
118.9
160.7
191.0
121.7
153.1
186.4
123.9 ' 124. 8 125.1
168.5
174.5 '151.9
210.7
189.6
216. 2
126.7
167.9
212.7
239,774
24,394
204, 057
22, 581
17, 844
1,929
15,698
1,857
18, 182
1,865
20,320
2,434
12,933
989
13, 772
1,312
18,374
2,161
15, 432
2,044
15,096
1,968
17, 592
2,102
18, 601
1,910
294, 896
24, 339
311, 936
26, 983
29, 567
2,710
27,546
2,365
28, 528
2,379
28, 126
2,603
23,824
1,735
26, 271
1,624
28, 004
2,377
27, 209
2,519
25,293
2,343
29,266
2,816
25,335
2,452
10.27
46.3
1,439
12.06
60.1
1,670
12.27
62.2
1,651
12. 03
49.4
1, 654
9.59
194
66
9.15
216
56
2.67
137
38
2.88
140
38
Transport eouipment
Automobiles and parts
Miscellaneous manufactured articles
Commodities not classified
do
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Unit value
1967 100
Quantity
_
do
Value
do
General imports:
Unit value
do
Quantity
do
Value
do
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight
thous sh tons
Value
mil $
General imports:
Shipping weight
thous sh tons
Value
mil $
142.3 ' 139. 9 ' 148. 2
165.9
'90.1 '116.2
169.4
160.8
192.0
701.5 '716.3 '865.0
219.6
220.0 202.9
94.8
83.1
92.1
101.4
150.6
95.5
151.4
82.2
82.7
872.3
175.0
81.9
150.8
148.1
800.6
184.0
77.7
142.2
120.4
930.0
182.9
83.7
177.1
134.7
114.5
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers (Scheduled Service)
Certificated route carriers:
Passenger-miles (revenue)
bil
Passenger-load factors
percent
Ton-miles (revenue) total^f
mil
131. 71
49.7
18, 166
i 135. 65
48.5
1 18, 685
12.09
50.7
1,605
Operating revenues 9 ©
Passenger revenues
Freight and express revenues
Mail revenues
Operating expenses©
Net income after taxes©
Domestic operations:
Passenger-miles (revenue)
Express and freight ton-miles
Mail ton-miles
mil $
do
do
d&
do
do
9, 290
7,627
750
306
9,247
—199
10, 046
8,221
826
288
9,714
36
2,507
2,073
192
70
2,407
17
bil
mil
do
104. 15
2,215
715
106. 29
2,275
707
9.44
186
55
Operating revenues©
Operating expenses©
Net income after taxes©
International and territorial operations:
Passenger-miles (revenue)
Express and freight ton-miles...
Mail ton-miles
mil $
do
do
7,180
7,181
-184
7, 745
7,501
23
1,950
1,866
21
bil
__nril__
do
27.56
1,299
766
29.36
1,520
617
2.65
109
47
mil $
do
do
2,109
2,066
—15
2,300
2,214
13
556
540
-4
Operating revenues©
Operating expenses©
Net income after taxes©
13.66
54.5
1,775
14.06
55.8
1,840
11.10
47.5
1,617
10.00
45.2
1,485
10.30
185
54
10.74
211
53
8.32
223
54
8.61
227
56
8.03
204
58
3.31
127
44
2.81
139
44
700
583
69
11.74
49.6
1,563
2,540
2,108
209
68
2,561
—46
9.66
216
80
9.30
172
55
8.19
189
55
2.49
174
49
1.97
164
59
2.32
148
67
568
592
-19
9.61
210
63
2,005
1,986
-12
1,990
1, 902
28
2,101
1,899
100
3.37
123
46
11.98
50.9
1,710
2,557
2,053
242
81
2, 494
9
2,801
2,306
220
66
2 482
169
Local Transit Lines
26.6
26.6
26.6
26.7
25.7
Fares, average cash rate
cents..
416
422
5,497
471
5,903
Passengers carried (revenue)
...mil..
r
Annual total reflects revisions not distributed to
Revised.
* Preliminary,
monthly or quarterly data.
9 Includes data not shown separately.
f Applies to passengers, baggage, cargo, and mail carried.
11.14
47.4
1,573
2.44
119
42
2.08
129
39
2.44
148
44
535
575
-34
27.2
27.2
27.2
27.6
27.0
26.7
26.7
26.7
26.8
436
437
488
447
460
463
444
464
460
§Passenger-miles as a percent of available seat-miles in revenue service; reflects proportion
of seating capacity actually sold and utilized.
©Total revenues, expenses, and income
for all groups of carriers also reflect nonscheduled service.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
1971
Annual
August 1972
June
July
Aug.
Sept.
1972
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
137.0
137. 4
June
July
TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION— Continued
Motor Carriers (Intercity)
Carriers of property, class I:
Number of reporting carriers
_
Operating revenues, total
mil. $__
Expenses, total
do
Freight carried (revenue)
—mil. tonsFreight carried, volume indexes, class I and II
(ATA):
Common 1and contract carriers of property
(qtrly.)d .— ...average same period, 1967=100..
Common carriers of general freight, seas. adj.
1967=100..
Carriers of passengers, class I:
Number of reporting carriers
Operating revenues, total
mil. $_.
Expenses, total
do
Passengers carried (revenue)
mil..
Class I Railroads
Financial operations, qtrly. (AAR):
Operating re venues, total?
Freight
__
_
Passenger ©
Operating expenses ©
Tax accruals and rents
Net railway operating income
Net income (after taxes) ©
Traffic:
Ton-miles of freight (net), revenue and
enue...
Revenue ton-miles, qtrly. (AAR)
Revenue per ton-mile
Passengers (revenue) carried 1 mile
mil. $
do
do
do__ _
do
do_ .
do
11,359
11,050
10, 655
554
112.4
119.0
125.6
111.1
124.5
129.2
172
724.5
640.7
174.0
172
73
760.9' 8345.3
666.5 8320.9
167.3 881.2
11, 982 7 12, 689
11,786
10, 913
420
7294
9, 650
10,053
1,939
1,845
487
698
6229
8350
nonrev777.2
bil._
__do
764.8
..cents.. * 1. 431
mil.. 4 10,770
Travel
Hotels and motor-hotels: §
Average sale per occupied room
dollars..
Rooms occupied
% of total-Restaurant sales index... same mo. 1951=100..
Foreign travel:
U.S. citizens: Arrivals.
thous..
Departures
do ...
Aliens: Arrivals
do
Departures
do _..
Passports issued
do
National parks, visits}
do
1,381
8 6, 159
8 5 812
8325
122.0
128.7
127.6
121.5
112.0
119.9
125.0
124.9
124.0
125.7
129.9
135.6
72
8 416. 0
8 346. 2
886.6
73,371
3,139
769
2,573
521
277
8179
1
752.2 8388.9
197.8
738.3
1. 594 51.568
8,901 783,834
73,102
2,885
756
2,458
478
166
«66
7 3, 094
2,888
762
2,506
447
142
668
179.3
8 363. 3
176. 1
s 1. 622
8 5, 067
7 3, 195
2,530
496
170
6
79
199.0
13.25
55
114
13.56
54
114
13.94
55
124
12.41
54
116
14.01
56
108
14.23
55
116
15.06
62
117
13.52
53
108
12.36 3 18. 33
41
353
116
103
18.02
58
109
18.73
62
132
19.07
66
143
19.35
66
140
19.53
68
136
6/659
6,499
4,065
3.449
2,219
45, 753
7,591
7,059
4,325
3,567
2,399
48,863
595
802
352
317
317
6,725
897
908
493
362
239
10,268
1,065
777
514
449
203
9,802
768
598
453
326
147
4,978
647
509
365
313
106
3,417
544
442
305
269
113
1,931
427
530
320
322
121
1,246
579
531
294
238
227
1,553
618
674
367
287
327
2,184
765
612
381
303
314
2,898
704
730
386
330
328
4,390
329
7,258
18,100
8,908
6,947
11,596
3,010
104.1
19,811
9,699
7,655
12,886
3,354
108.4
4,897
2,386
1,909
3,109
859
105.9
5,008
2,446
1,941
3,325
809
107 1
5,146
2,526
1,959
3,406
873
108.4
402.5
334.6
34.0
396.8
337.0
31.7
98.7
85.3
4.8
95 5
82.7
4.4
111 4
90 2
15 7
193.7
144.9
39.3
206.0
150.8
44.3
50.4
37.6
10.1
50.9
37.8
10.2
52 8
38.9
11.3
655
500
403
285
158
1,273
2 *\A. Q
249
COMMUNICATION (QTRLY.)
Telephone carriers:
Operating revenues 9
Station revenues
Tolls, message
Operating expenses (excluding taxes)
Net operating income (after taxes)
Phones in service end of period
Telegraph carriers:
Domestic:
Onp «t"
"
mil $
do
do
do
do
mil
d
Net operating revenues (before taxes). ..do
International:
Operating revenues
do
Operating expenses
do
Net operating revenues (before taxes) ._ .do
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Acetylene!
mil cu. ft
Ammonia, synthetic anhydrous thous. sh. tons
Carbon dioxide liquid gas and solidt
do
Chlorine gas (100% ClaU '
do
Hydrochloric acid (100% HCl)f
do
Nitric acid (100% HNOs)
do
Oxygen (high and low purity) O
mil cu ft
Phosphoric acid (100% PjOs)
thous sh tons
Sodium carbonate (soda ash), synthetic (58%
Na2O)t_
thous. sh. tons
Sodium bichromate and chromate
do
Sodium hydroxide (100% NaOH) t
do
Sodium silicate anhydrous
do
Sodium sulfate anhydrous t
do
Sulfuric acid (100% HjSOOt
do
r
14, 834
13, 647
* 13, 570 13, 719
1,258
1 115
9,349
9 760
2,025
1,997
4 6, 685
6,671
329, 729 313 416
6,034
5,685
1,317
1,140
117
777
180
524
27,344
479
1,185
1,061
120
784
173
488
26 322
472
1,038
1,149
131
788
158
510
20, 740
468
1,018
1,099
117
772
166
533
23, 565
500
1,055
1,166
112
808
165
552
24, 926
496
1,119
1,151
103
808
171
554
24,342
471
1,093
1,245
99
842
176
616
26, 274
541
4,275
4,393
131
154
9 692
10064
605
645
1 368 1 350
29, 577
29, 285
••350
12
798
46
120
2,380
350
10
814
36
112
2 289
354
9
818
44
101
2,248
341
9
791
47
106
2,300
360
12
831
56
110
2,389
356
9
840
53
111
2,457
411
10
876
53
113
2,728
Revised.
*> Preliminary.
1 Number
of carriers filing complete reports for the year.
4
2 For month shown.
3 gee note "§".
Annual total reflects revisions not distributed
5
6
to the monthly or quarterly data.
Based on
six months ending in month shown.
Be7
fore extraordinary
and prior period items.
Reporting roads only; excludes AMTRAK
8
operations.
For six months ending in month shown.
cflndexes are directly comparable for the identical quarter of each year (and from year to
year).
©Natl. Railroad Passenger Corp. (AMTRAK) operations for 1971 (mil. $): Operat-
1,023
1,002
1,108
1,169
91
89
786
772
173
'170
588
585
27, 275 '26, 651
496
509
322
10
824
43
109
2,440
355
11
809
47
110
2,447
'917
997
1,237
1,280
115
*• 108
799
807
186
177
625
626
28, 713 '28, 691
560
541
'381
11
839
65
122
2,679
367
10
841
55
109
2,646
r
893
1, 290
122
845
r
1,198
l78
810
181
570
383
11
880
56
r
130
2,698
342
11
837
53
117
623
30, 353
551
487
ing revenues, 86; expenses, 179; net income, —55 (Interstate Commerce Comm.).
9 Includes data not shown separately.
t Revised monthly data back to 1969 will be shown later.
O Not comparable with data in 1971 BUSINESS STATISTICS.
§Effective Jan. 1972, data reflect an expanded sample that includes many motor-hotels;
comparable June 1971 figures are as follows: Average sale per room $19.26; occupancy, 63%.
^Data include visits, effective Jan. and July 1971, to Guadalupe Mts. and Redwood National Parks, and effective Jan. 1972, to Arches and Capitol Reef National Parks.
STJKVEY OF CURRENT BUSINESS
August 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
I
Annual
S-25
1972
1971
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Organic chemicals, production :cf ©
Acetic anhydride
Acetylsalicylic acid (aspirin)
Creosote oil
Ethyl acetate (85%)
Formaldehyde (37% HCHO)
Glycerin, refined, all grades:
Production
Stocks, end of period
Metbanoli synthetic..
Phthalic anhydride
mil. Ib il,589.0 i 1,545.8
i 35. 2
31.7
do
119.2
- mil. gal__ 1 103. 4
1 161. 4 1 159. 8
mil. Ib
14,426.9 1 4,373.1
-.
do
127.0
2.3
12.1
126.4
2.3
12.6
120.6
2.6
9.0
123.0
2.9
7.2
116.0
3.0
10.7
115.1
2.4
9.7
113.5
2.7
10.6
120.3
3.4
8.8
118.1
2.7
10.0
132.0
3.1
12.0
127.0
3.2
9.2
129.5
3.1
10.1
119.4
3.0
10.3
11.7
362.1
14.6
340.2
11.6
361.8
13.6
413.2
11.7
409.0
9.7
387.6
16.7
338.3
11.5
400.2
13.1
419.1
17.2
449.5
16.5
21.9
408.0 ' 462. 1
20.5
443.4
336.1
do
29.6
:__ _ do
....mil gal__ i 742. 7
i 734.0
mil. Ib
340.0
28.2
i 754.7
i 766. 4
29.4
23.4
65.4
67.7
26.9
20.9
54.3
67.9
30.3
24.2
61.6
62.3
28.8
26.8
67.8
68.3
28.6
27.8
60.9
65.1
29.8
27.3
67.8
72.8
26.4
28.2
72.9
69.8
26.7
27.2
67.5
66.4
29.5
29.4
64.1
66.3
29.0
28.9
78.7
66.7
29.9
26.8
68.6
71.0
32.2
'29.8
'75.0
75.9
.......mil. tax gal..
_
do _
_ ..do
do
630.5
1640
513.8
84.7
653.8
132. 8
436.5
88.0
48.6
150. 1
38.8
7.7
43.7
151.9
33.1
7.0
43.6
146.1
35.2
7.7
46.9
138.8
34.2
7.9
66.4
135.0
37.9
8.2
61.6
136.7
37.1
9.0
46.9
132.8
36.2
7.5
38.0
126.5
35.1
6.7
43.8
123.3
36.8
6.5
46.1
108.6
39.0
7.7
43.7
109.8
38.2
7.0
52.4
101.8
39.8
8.0
Denatured alcohol:?
Production. ___
__. ', mil. wine gal__
Consumption (withdrawals)
do
Stocks, end of period _ _ _ _ -_!__
do
276.9
276.2
3.0
234.0
234.5
2.9
21.1
21.7
2.3
18.0
17.7
2.6
19. 0
18.9
2.8
18.3
18.4
2.7
20.3
20.1
2.9
18.2
18.2
2.9
19.6
19.6
2.9
18.9
19.4
2.4
19.7
19.6
2.5
21.0
20.8
2,9
20.6
20.4
3.1
21.8
22.0
2.8
16,005 1 17, 106
1,133
1,050
12, 543 1 13, 431
966
1,033
1,418
92
1,122
108
1,616
82
1,256
91
1,350
129
1,005
85
1,666
95
1,327
101
1,318
111
1,010
88
1,322
64
1,079
78
1,308
133
899
85
1,630
137
1,209
109
1,563
92
1,072
121
1,185
123
882
67
2,034
68
1,802
60
1,216
54
968
118
2,182
78
1,849
79
31.1
26.0
70.5
92.2
ALCOHOL
Ethyl alcohol and spirits :J
Production.......
_
Stocks, end of period
Used for denaturation.
Taxable withdrawals
FERTILIZERS
Exports, total 9
Nitrogenous materials
Pnosphate materials __
Potash materials
.thous. sh. tons..
do
._
do
do
Imports:
Ammonium nitrate
Ammonium sulfate. _---.Potassium chloride —
Sodium nitrate
do
-do .
do _
.do
326
218
4,165
129
374
229
!4,649
203
18
6
184
28
14
7
272
17
17
21
407
23
31
11
463
47
19
34
354
(3)
14
15
468
0
17
13
316
2
28
28
468
13
36
34
377
14
52
36
682
6
71
38
640
5
73
14
453
1
19
14
283
31
4,603
5,026
276
270
325
364
437
404
389
423
381
651
603
547
••388
4,596
484
4,966
389
393
336
378
406
394
382
420
339
418
287
415
343
484
389
417
389
443
338
505
279
489
235
'498
'240
451
324
Explosives (industrial); shipments, quarterly §
'mil. Ib.. 2,046.5
2,120,0
585.4
Paints, varnish, and lacquer, factory shipments:
Total shipments
___
..mil. $.. 2,737.1 2, 830. 9
Trade products
__.doj___ 1,497.6 1, 562. 8
Industrial
finishes....'.
^
.a
do~ ~ 1,239.4 1,268.2
291.6
169.7
*21.9
254.1
156.6
97.6
274.0
158.9
115; 1
266.8
149.9
116.9
226.8
119.6
107.2
208.9
107.6
101.3
183.3
90.8
92.5
209.6
101.4
108.2
226.0
117.4
108.7
261.0
140.2
120.8
252.7
143.2
109.6
284.8
160.9
123.9
Sulfur, native (Frasch) and recovered:
Production
_..
thous. Ig. tons__
Stocks (producers'), end of period...
do
8, 620
4,311
686
4,095
721
4,156
734
4,190
696
4,208
769
4,321
745
4,388
754
4,311
748
4,374
731
4,297
777
4,274
732
4,267
738
4,156
1635.6 1 (2)
1669.3
637.7
11,185.9 11,141.8
1 746. 2 i 683. 4
66.7
91.4
69.1
62.2
81.0
62.3
67,4
93.2
67.9
71.9
107.0
64.2
62.2
108.1
64.9
68.2
105.1
60.6
65.8
94.2
66.8
(2)
117.8
(2)
109.5
120.2
121.4 ' 123. 1
123.6
326.5
314.6
284.7
614.6
331.5
338, 9
545.1
328.3
347.5
567.2
315.3
381,4
661.0
326,9
338.8
372,6
579. 6
318.5
024.1
• 312,9
566.8
357.3
351.4
626.7
357.7 «• 395, 0
339.1 »-349.9
622.8 r644.3
W.I
343,6
601.9
Potash deliveries (KjO) .
do
Superphosphate and other phosphatic fertilizers
(100%P205):
Production J._
,__
thous. sh. tons
Stocks, end of period.
do
J>172
MISCELLANEOUS PRODUCTS
48,531
4,038
5
667.7
486.9
622.6
573.0
715
4,104
PLASTICS AND RESIN MATERIALS
Production:
Thermosetting resins:
Alkyd resins
Polyester resins
„.
Phenolic and other tar acid resins
Urea and melamme resins
mi}. Ib..
^..do—.*
do
do
Thermoplastic resins:
U82.2
Cellulose plastic materials
do
(2)
Coumarone-indene and petroleum polymer
.resins
mil. lb._ 1 282. 6 1
(2)
Styrene-type materials (polystyrene)
do
13,549.7 3,749.8
Vjlnyl resins (resin content basis)
do
13,750,4 14,07^.8
Polyethylene
_^
*
_
do... 1 5, 844.1 1 6,3918
EtECTRIC POWER AND GAS
fiLBCTRIC POWER
Production (utility and industrial), total f
mil kw.-br.. 1,639,771 1,717,520 150,674 154,142 164,507
Electric utilities, total r
..._-.^.-...do
1,531,609 1,613,936 141,89'6 146,708 146,075
By ftiejs......
„
.....do..,.. 1,284,153 1[,347,616 118,9$3 123,613 123,923
By waterpower
*_„
^
._dcr._>. ' 247,466 266,320 20,9*4 22,194 22,152
Privately and municipally owned utij
Otfaeir producers (publicly owned)
Industrial establishments, total
By fuels
do
1,254,583 1L,322,640 116,648 119,67?
do,... ' 277,026 291,396 25,348 26,030
.d
•• 108,162 103,58^ 8,778 8,434
' 104,919 100,326 8,484 8,196
238
'3243 3,260
137,819 131,043 130,857 139,724 144,576 137,301
118,840 111,367 110, 427 116,941 120,078 116,128
18,979 19,675 20,430 23,783 24,497 22,172
114,4^8 108,873 107,728 116,022 118,86Q 112.973
23,391 22,170 23,129 H701 26,715 24,327
8,432 8,422 8,8:02 M74 8,645 8,870 &,428
8,190
8,197 8,553 8,120 8,381
249
225
264
263
238
' Revised*
P Preliminary.
i Beported annual total reflecting revisions not distributed to the monthly data. * Series
discontinued.
3 Less than 600 short tons.
* Annual total reflects sulfur content, whereas
monthly data are gross Weight.
» Gross weight. 6 Beginning Jan. 197?, data exclude
polyvinyl acetale, polyvinyl alcohol, atod other tinyl resins; comparable1 Dec, 1971 figure,
320.1 mil. Ib.
146,241 139,845 139,231 148,369 153,445 145,729 149,050
140,056 132,138
116,929 108,705
24,127
115,010 107,730
26,046 24,409
8,999
8,712
287
8,744
§44?
298
® Scattered Revisions have been made in the annual data back to 1967; monthly revisions
are not available.
cfData ar& reported On the basis of 100 percent content of the specified material unless
otherwise indicated,
9 Includes data not showti separately.
§pata exclude black blasting powder,
filevised monthly data for 1970 will be shown later*
SURVEY OF CURRENT BUSINESS
S-26
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1971
1971
Annual
August 1972
June
July
Aug.
Sept.
1972
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
ELECTRIC POWER AND GAS—Continued
ELECTRIC POWER— Continued
Sales to ultimate customers, total (EEI) mil.kw.-hr 1,391,359 1,466,441 119,699 128, 746 128,685 130, 062 123,996 119, 753 123, 145 128, 150 127, 924 127, 079 124, 326 123, 456
Commercial and industrial:
312, 760 333, 762 27,838 31, 061 30, 912 31,241 29, 219 27,471 27, 358 28 008 27,954 27, 952 27,915 28,247
Small light and power §
do
572, 522 592,700 50,493 49, 405 49,698 50, 661 50, 593 50,069 49, 606 50, 145 50, 268 51, 556 61, 825 53, 161
Large light and power§
do
Railways and railroads
Residential or domestic
Street and highway lighting
Other public authorities
_
Interdepartmental
_
do
do
do
__do
do
4,633
447, 795
11, 183
37, 816
4,660
4, 537
479,080
11,673
39,819
4,880
355
353
351
342
353
370
400
36, 391
43, 205
43,026
43, 093
39, 022
1,018
3,376
37,048
1,063
3, 348
423
415
40, 891
1,117
3, 374
44,644
1,120
3,397
385
399
414
859
3,336
427
863
3,436
423
904
3,371
423
965
3,446
414
417
44,295
1,046
3,529
415
410
42, 162
1,023
3,551
425
365
39, 352
971
3,488
410
368
36,813
928
3,526
413
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil $ 22, 065. 9 24, 725. 2 2,014.7 2, 193. 9 2,207.2 2, 253. 8 2, 148. 9 2,062.0 2,121. 0 2,213.9 2,221.3 2,203.4 2,179.6 2,178.2
GAS
Manufactured and mixed gas:
570
635
535
493
570
535
572
536
40
33
34
34
33
do
1,480
843
637
1,451
828
622
328
177
143
154
64
88
357
195
154
134 6
85.6
49.0
137 3
91.4
46.0
33 4
20.5
12.1
15 8
____do
.do
7.0
31.4
23.2
7.4
Residential
do
41 368
37 gg8
3 344
42 024
38 551
3 431
41 373
37* 998
3 337
41 378
38 032
3 307
42, 024
38, 551
3,431
Residential
Industrial and commercial
do
do
152 2i5
48 394
103 821
166 832
49*454
107 378
39 458
10* 769
27* 467
31 183
4 186
25, 429
39, 428
11, 506
26, 195
1 774 6
620.5
1, 092. 5
2, 773. 0
1,352.2
1, 342. 9
Residential
Industrial and commercial
,
__
Sales to consumers, total 9
Industrial and commercial
__do____
do
mil. therms-
_.
Residential
_
Industrial and commercial
Natural gas:
Revenue from sales to consumers total Q mil $
Residential. __
_do
Industrial and commercial
do
9 874
6,122
4,753
557
522
8.5
10 914 2 613 6
6', 670 1^251! 2
5,344 1, 311. 1
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
10.02
12.62
13.25
9.96
10.38
12.63
9.86
10.53
Production
mil bbl
133. 12 137.36 13.72 13.28 12.28 11.41
9.83
11. 69
12.41
8.75
9.09
11.09
10.%
9.80
12.48
9.74
11.89
121.86 127.61 12.88
Taxable withdrawals
do
12.23
13.64
13. 82 . 14.51
14.45
12. 23
12.97
13.31
14.18
13.64
13.31
12.78
Stocks end of period
do
12.26
14.26
Distilled spirits (total) :
18.75
16. 50
18.88
18.76
18.66
16.27
Production
_
mil. tax gal__ 212. 29 182.36 13.44 10. 35 10.14 13.42 17.71 18.35
' Consumption, apparent, for beverage purposes
mil. wine gal__ 2371.52 2 382. 34 33.79 28.98 30.65 30.37 31.37 38.64 47.28 26.03 26.69 p 26. 28 P 26.60 r> 23.94
15.52
14.24 ,16.61
13. 97
16.97
12.62
12.41
17.92
18.26
17.45
16.99
Taxable withdrawals
mil tax gal ' 173. 71 181.94
16.73
996. 62 1,012.28 1,009.46 1,001.43 997. 52 996. 16 993.62 996. 62 1,000.98 1,003.89 1,006.66 1,008.08 1,009.32
Stocks end of period
do
1, 008. 54
6.69
102. 14
8.17
7.45
7.18
6.00
6.47
6.93
7.78
18.55
9.03
8.24
Imports
mil proof gal
10.18
90.89
Whisky:
12.11
11.31
11.25
12.86
13.37
12.28
6.61
8.56
10.79
5.86
11.41
Production.
_
mil. tax gal-- 146.36 119. 41
6.85
8.86
9.69
8.49
9.72
10.38
116. 73
12.19
8.40
11.74
12.34
7.58
10.64
10.09
112. 88
Taxable withdrawals
do
945.80 960. 51 958. 57 952. 85 949. 82 947. 17 944.54 945. 80 949.31 952. 82 955. 90 957. 72 959.37
954. 58
Stocks end of period
do
5.76
5.54
6.60
5.14
189.29
6.48
7.10
6.04
7.46
6.59
15.75
8.08
8.89
Imports
mil proof gal
75.59
Rectified spirits and wines, production, total
mil. proof gal_ _
Whisky
do
Wines and distilling materials:
Effervescent wines:
Production
mil wine gal
Taxable withdrawals
do
Stocks end of period
do
Imports
do
Still wines:
Production
do
Taxable withdrawals
do
Stocks, end of period
do
Imports.
do
14.21
13.12
14. 40
9.27
-8.20
113.67
64.37
116.11
63.05
10.22
5.80
8.69
5.02
10. 28
6.54
10.46
5.88
10.97
6.17
12.14
6.85
9.77
4.95
8.19
3.69
8.19
4.22
10.15
5.29
9.45
5.11
10.87
6.02
23.03
20.36
7.38
1.79
24. 60
22.10
8.57
1.88
1.34
1.65
8.84
.15
1.50
1.21
9.01
.10
2.23
1.32
9.80
•17
2.09
1.75
10.01
.35
2.05
2.39
9.54
.22
2.38
2,81
8.99
.14
2.66
2.91
8.57
.12
1.95
1.36
9.07
.14
1.20
1.05
9.09
.15
1.76
1.48
9.24
.15
1.58
1.08
9.69
,14
1.82
1.57
9.81
.16
1.65
.1.78
9. 58
.15
245.04
216.97
293. 32
28.23
357. 33
247. 20
366. 35
134.28,
6.30
20.59
198. 93
3,38
5.32
17.40
186. 28
3.12
9.18
18.73
173. 30
3. 59
57.65
20.42
209.01
5.38
126. 44
22.26
310.06
2. 99
69.05
23.13
347.50
1.49
54. 21
25.31
366.35
2.09
7.97
21.17
350. 63
3.03
7.60
19.91
335.34
3.62
8.23
25.69
314. 47
3.57
4.84
21.00
297.85
2.87
8.16
21.75
281.43
3.84
7.51
24. 24
262.06
3.80
303. 08
402. 38
2.80
1.31
4.32
113. 99
176.09
73.30
16.45
4.04
6.76
2.89
4.06
2.92
.48
89.4
251.2
.687
81.1
246.8
.687
69.4
222.0
.692
79.9
188.9
.688
79.3
165.0
.688
89.9
96.8
.690
101.5
79.1
.688
99.4
93.1
.688
106.8
109.7
.688
110.2
130.9
.688
119.4
159.1
.688
211.1
141.7
198.9
127.8
181.2
111.1
184.8
109. 7
177. 3
103.6
197.8
114.6
199.0
124.0
197.3
122. 9
230.8
147.7
232.1
163.9
250. 8
172.1
304.3
Stocks, cold storage, end of period—
__do
385.6
378.8
324.5
371. 3
American, whole milk
_ _ _ _ do
238.9
303.9
254.0
296.4
311.0
Imports
do
161.3
8.9
95.5
6.4
7.6
Price, wholesale, American, single daisies (Chicago)
_$ per lb._
.671
.649
.670
.673
.678
r
Revised.
Preliminary. * Reported annual total revisions are not distributed to the
monthly
data.
2
Includes Hawaii; no monthly data available.
357.6
283.7
14.0
333.5
262.4
6.4
316.7
250.9
3.4
304. 3
238.9
9.7
296.2
232.1
13.8
285.0
223.6
17.2
288.9
228.4
12.7
311.7
246.7
10.0
346.9
277.5
13.0
.669
.669
.669
.676
.684
.707
.727
.719
.702
Distilling materials produced at wineries.. .do
DAIRY PRODUCTS
Butter, creamery:
Production (factory) t
mil. lb__ 1, 137. 0 1, 143. 6 112.6
96.8
Stocks, cold storage, end of period
do
235.1
118.8
Price, wholesale, 92-score (N.Y.)
__.$ per lb__
.693
.704
.688
Cheese:
Production (factory), total}:
mil. lb— 12,203.8 12,380.4 ••236.0
American, whole milkf
_
do
163.2
1,423.4 1,510.6
r
111.1
194. 8
.688
209.6
.688
257.9
176.4
r
r
378. 9
309. 9
10.1
410.0
343.3
.702
.707
§ Data are not wholly comparable on a year to year basis because of changes from one
classification to another.
9 Includes data not shown separately.
% Revised data for months prior to May 1971 will be shown later.
SURVEY OF CURRENT BUSINESS
August 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1971
1970
S-27
1972
1971
Annual
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS— Continued
Condensed and evaporated milk:
Production, case goods o1
mil. Ib
Stocks, manufacturers', case goods, end of month
or yeard"
mil. Ib
115. 8
105.8
84.5
79.5
79.6
92.0
84.0
85.0
104.5
105.5
124,4
130.8
77.0
107.3
123.7
116.7
88.6
133.8
162.4
172. 9
163.0
151. 5
111. 7
88.6
73.9
63,8
61.3
16.4
33.3
35.1
32.7
8.5
4.2
1.6
2.9
.2
1.2
.8
2.4
2.9
2.8
2.4
3.5
1.1
3.3
1.0
2.9
5.0
2.9
3.4
3.2
2.8
2.9
.1
3.2
117,149
mil. Ib
_ . . do
»58, 961
5.71
$per 100 lb_.
118,640
8
69, 363
5.87
10, 836
6,239
5.51
10, 316
5,514
5.63
9,903
5,042
5.75
9,365
4,387
5.99
9,419
4,371
6.09
8,950
4,109
6.17
9,423
4,467
6.17
9,635
4,991
6.13
9,346
5,050
6.10
10,440
5, 787
6.01
10,655
5,901
5.84
11,307
6,554
5.76
11,021
6,673
'5.66
Exports:
Condensed (sweetened)
Evaporated (unsweetened)
Fluid milk:
Production on farms
Utilization in mfd. dairy products
Price, wholesale, U.S. average
1,268.3 ' 1, 242. 7 '•142.3
do .
do
Dry milk:
Production:
Dry whole milk
___mil. lb__
68.7
Nonfat dry milk (human food)
._
do
81,444.4
Stocks, manufacturers', end of period:
Dry whole milk
do
4.7
Nonfat dry milk (human food)
_do
898.5
Exports:
Dry whole milk_
_
do
13.8
Nonfat dry milk (human food) __ _ . do
212.3
Price, manufacturers' average selling, nonfat dry
milk (human food)
,
_____.$ per lb__
.263
777.8
1,417.6
'7.9
171. 1
4.7
137.5
5.6
116.7
5.3
86.0
6.5
86.8
4.9
78.5
4.7
93. 1
7.0
98.5
6.5
100.0
8.2
118.0
8.1
128.9
8.5
153.0
7.3
160.0
4.0
87.3
9.0
'151.1
8.2
164.1
7,6
155.6
7.0
119.7
6.7
106.5
5.3
91; 3
4.0
87.3
4.6
76.3
4.0
68.7
4.3
62.2
5.2
73.6
5.6
93. 4
7.6
106.0
25.0
7 124. 2
3.4
16.7
1.9
4.3
5.4
2.8
3.6
6.5
1.6
4.1
3.3
18.4
1.6
11.5
3.5
10.7
3.3
7.1
3.9
15.4
2.3
10.7
3.4
24.4
2.8
26. 5
.307
.318
.318
.320
.320
.320
. 321
. 319
.318
.320
.319
.322
.317
.318
Exports (barley, corn, oats rye, wheat) _.. mil. bu_. 1,337.5 71,204.5
79.8
92.1
81.7
134.5
62.6
106.2
109. 6
110.5
117.7
147.7
152.8
3.1
17.7
3 174 2
3106.5
3 67 7
11.6
1.16
1.16
1.18
1.18
1.20
1.21
62.0
63.0
2,176
1 568
609
65.2
1.26
1.23
1.29
1.23
1.27
1.20
8
10, 503
"5.77
GRAIN AND GRAIN PRODUCTS
Barley:
Production (crop estimate)
Stocks (domestic), end of period—.
On farms...
Off farms
__
Exports, including malt§
_
Prices, wholesale (Minneapolis):
No. 2, malting. _
No. 3, straight
do
__do
do
do____
_do____
$ per bu
do
2409.8
380.7
238.5
142.2
65.1
2 462. 6
391.3
254.4
136. 9
763.2
3156.
2
3
81. 4
3
74.8
1.6
.5
1.6
487.7
316. 6
171.1
2.8
1.14
1.1.3
1.21
1.20
1.26
1.26
1.19
1.17
1.11
1.11
1.09
1.09
25,540
4,642
3,493
1,148
7511.7
1,560
1,167
394
27.6
40.1
1.39
41.36
1.59
1.52
1.49
1.43
Corn:
Production (crop estimate, grain only).. mil. bu_. 24,099
3, 736
Stocks (domestic), end of period, total.. mil. bu_.
2,723
On farms
_
__ do
1,013
O f f farms.
_ _ _ _ _
do
572.0
Exports, including meal and
flour....
do
Prices, wholesale:
1.35
No. 3, yellow (Chicago)
$ per bu._
1.33
Weighted avg., 5 markets, all grades. ____do
Oats:
Production (crop estimate)
mil. bu__
Stocks (domestic), end of period, total. ____do_ _
On farms
.
__do_ _
Off farms
do
Exports, including oatmeal _ _
do. _
Price, wholesale, No. 2, white (Chicago)
$perbu._
Rice:
Production (crop estimate)
mil. bags?
California mills:
Receipts, domestic, rough
mil. lb_
Shipments from mills, milled rice
do _.
Stocks, rough and cleaned (cleaned basis), end
of period
__
_
mil. lb_.
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers. _.
mil. lb__
Shipments from mills, milled rice
___do
Stocks, domestic, rough and cleaned (cleaned
basis), end of period.mil. lb__
Exports... _ _
do
Price, wholesale, Nato, No. 2~(New Orleans)
$perlb__
Rye:
Production (crop estimate)
mil. buttocks (domestic), end of period,
do
Price, wholesale, No. 2 (Minneapolis) __$ per bu.I
Wheat:
Production (crop estimate) , total
Winterwheat
mil. bu._
do
122. 3
2.4
2.3
391.3
254.4
136 9
5.5
.2
1.16
1.16
1. 15
1.16
1.16
1.16
1.19
1.18
3
663
3
37.3
423
3240
68.3
25.9
66.7
4,642
3,493
1,148
65.8
1.29
1.29
1.15
1.13
1.10
1.11
1.07
1.09
1.21
1.20
r 283 0
165. 1
118. 0
2.6
•3
1. 18
1.18
.1.16
1.16
63.9
58.6
3,344
2 447
897
48.7
1. 22
1.22
1.21
1.21
1.23
1.21
8409.1
1.18
1.17
9 4, 948
1.22
2909
913
702
211
2876
937
687
251
21.3
7.1
.1
.3
.4
.6
.2
5 . 72
6.75
.f I
.68
.64
.68
.73
283.8
284.3
1,755
1,393
2,004
1,446
323
264
76
66
126
60
119
86
287
218
117
88
129
82
91
61
85
66
107
40
106
65
119
68
164
83
82
98
101
88
109
113
101
93
98
97
86
115
120
130
165
6,497
4,438
5, 567
4,206
28
221
141
206
924
458
1,627
498
1,106
427
397
294
439
509
570
610
298
375
279
341
285
430
197
466
51
396
1, 748
3,828
1,737
3, 252
629
365
528
144
829
190
1,504
440
1,840
395
1,869
160
1,737
232
1, 566
276
1,428
535
1,290
219
1,078
242
803
338
491
528
.085
.087
.087
.087
.087
.087
.087
.087
.089
.089
.089
.089
.089
.091
.091
.091
238.8
41.6
1.15
250.9
54.9
1.06
328.0
1.21
.95
.94
65.1
.95
.96
.92
54.9
.93
"i."06" "i.~08~
'49.3
1.05
"Toe"
1.09
45. 1
.1.02
"i.'oi"
2 1,370
2260
2 1,110
1,492
21,640
2476
2 1, 163
1,502
3
512
3
1, 086
806
281
311
3201
937
687
251
.2
3.1
3549
3333
3216
731
502
r
229
2.6
1.7
6.6
3.5
9737
3.4
1.9
.78
.80
885. 9
334
Stocks (domestic), end of period, total
do. _
1,415
3730
1,554
On farms
do
3239
531
700
ms
,
__
_do
3491
884
853
'3 Revised. * Preliminary. 1 Less than 50 thousand pounds. 2 Crop estimate for the year.
Previous years' crop; new crop not reported until beginning of new crop year (July for
barley, oats, rye, and wheat; Oct. for corn).
* Effective May 1971, weighted average, 4
markets, all grades.
« Average for Jan., April-Sept., and Dec.
« Average for Jan.-April,
June-Oct., and Dec.
7 Annual total reflects revisions not distributed to the months.
110.9
489
1,881
834
1, 047
328
'341
3
348
831.3
91,543
9347
9 1, 196
1,554
3865
'1,213
700
528
3357
853
'685
3509
8
Monthly revisions for Jan. 1970-Apr. 1971 will be shown later.
» Aug. 1 estimate of 1972
crop.
cfCondensed milk included with evaporated to avoid disclosing operations of individual
firms.
§Excludes pearl barley.
9Bags of 100 Ibs.
August1972
SUEVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
In the 1971 edition of BUSINESS STATISTICS
1970
1971
1971
Annual
June
July
Aug.
Sept.
1972
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS-Con.
Wheat—Continued
Exports, total, including
Wheat only
flour
. mil. bu
- _ - _- _ do .
689.1
638.7
627.1
588. 3
50.0
43.4
51.2
47.4
41.5
38.3
62.1
59.4
34.0
31.7
41.6
39.5
47.7
45.2
39.5
36.5
49.0
45.6
52.5
49.8
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu_.
No. 2, hd. and dk. hd. winter (Kans. City). do
Weighted avg., 6 markets, all grades
do....
1.91
1.54
1.79
1. 77
1.61
2 1.72
1.82
1.64
1.75
1.73
1.56
1.65
1.64
1.56
1.62
1.64
1.65
1.63
1.72
1.58
1.69
1.71
1.60
1.68
1.70
1.60
1.68
1.72
1.62
1.70
1.63
1.61
1.66
1.63
1.61
1.67
249, 810
4,279
555, 092
20, 994
366
46, 658
20,225
349
45, 164
22,164
378
49,403
22,137 21, 702
378
368
49,301 48, 166
20,090
338
44,492
20, 961
351
46,265
20, 704
356
45, 942
19, 994
342
44, 464
21,058
361
46,882
4 362
16,637
4 586
2,841
1,627
1,374
4 861
1,178
982
908
4 362
1,060
1,318
1,472
4, 542
1,169
757
2,300
4 379
2,494
6.145
5.446
6.200
5.588
6.113
5.475
6.063
5.313
5.975
5.275
6.000
5.325
6.013
5.338
6.000
5.350
6.000
5.338
5. 988
5.338
5.913
5.313
5.913
5.338
5.925
5.338
5.925
5.338
207
2,797
4954
205
2,725
••4838
4 1, Oil
239
231
233
2,788 2,667
2,564
41,018 4 1, 170 4 1, 238
238
2,528
4353
226
2,556
4952
217
2,457
4900
255
2,698
4907
185
2,471
4838
166
179
2,807 2,833
4997 41,012
4840
31.91
30.60
39.00
31.91
30.32
39.00
32.77
32. 41
35.00
33.92
35.11
41.00
35.35
36.61
41.00
35.74
36.92
44.00
34.73
36.95
46.00
34.20
36.93
46.90
35.29
37.72
46.50
37.48
38. 37
47.00
37.65
38.81
47.00
6,983
4 1,425
6,220
r 4 1,154
6,922
4 1, 296
7,566 7,547
6,395
41,462 4 1, 384 41,252
4 1, 115
6, 312
6, 787
41,306 41,185
4 9 65
17.68
18.85
18. 14
18.28
19.19
18.59
19.94
24.02
25.10
23.19
22.62
24.76
25. 71
27.24
12.2
14.0
15.5
16.1
19.5
19.3
18.2
20.8
23.6
21.2
19. 9
21.7
22.5
24.1
Wheat flour:
Production:
253 094
Flour
thous sacks (100 Ib )
4 409
Offal
thous. sh tons
Grindings of wheat
thous. bu
563 714
Stocks held by mills, end of period
4 329
thous sacks (100 Ib )
Exports
do
21 596
Prices, wholesale:
Spring, standard patent (Minneapolis)
$ per 100 lb_. 6.179
Winter, hard, 95% patent (Kans. City) .-do
5.569
2
49.1
47.3
65.0
59.6
72.5
66.7
1.66
1.63
1.69
1.69
1.64
1.71
1.61
1.53
1.66
„ 1.69
1.61
1.69
19,664 ' 21,083 21, 118
364
••359
338
43,772 * 46,897 47,231
6.025
5.463
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
3,024
2,807
Calves
thous animals
30, 793 31, 419
Cattle
do
Receipts at public markets
do _ _ 4 11, 993 4 11, 903
Prices, wholesale:
32.03
Beet steers (Omaha)
.$ per 100 Ib . . 29.02
30.15
32.09
Steers, stocker and feeder (Kansas City)__do —
38.
58
38.
17
Calves, vealers (Natl. Stockyards, Ill.)__do
Hogs:
78187 86 667
Slaughter (federally inspected) thous animals
* 15, 333 * 16, 593
Receipts at public markets
do
Prices:
Wholesale, average, all grades (Sioux City)
18. 41
$perlOOlb..
21. 86
Hog-corn price ratio (bu. of corn equal in value
14.5
18.1
to 100 Ib. live hog)
>_.
Sheep and lambs:
Slaughter (federally inspected) thous animals
Receipts at public markets
do
Price, wholesale, lambs, average (Omaha)
$perl001b_-
220
2,720
32.21
31.72
38.00
32.11
34.07
38.00
7,379 7,190
4 1, 308 41,357
33. 30
3423
38.00
6,280
7,794 6 733
41,312 41,241
10 009
* 2,' 462
10 256
42,342
827
4257
815
'4209
812
4212
919
4233
919
4229
818
4209
846
4184
847
4167
801
4136
903
4143
786
4147
803
4195
808
4 254
4 217
27. 43
27.43
31.25
28.88
27.75
27.50
25.88
24.75
25.75
27. 88
28. 38
29.38
31.00
33.75
34. 00
32.88
34, 574
36 207
3,104
2, 879
2,966
3,116
3,026
3 072
3,062
2, 860
2,747
3, 190
2,850
3,096
2,996
759
796
1
518
547
1 844 i i 739
891
43
170
832
39
155
772
51
166
775
48
223
768
39
110
756
43
102
796
69
188
774
40
161
708
37
94
742
44
138
818
45
159
799
64
161
••710
58
152
MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in) , inspected
slaughter
mil Ib
Stocks (excluding lard), cold~ storage, end of
period _ . .
._
_ mil. Ib
Exports (meat and meat preparations)
do
Beef and veal:
Production inspected slaughter
do
Stocks, cold storage, end of period „ _. do
Exports
do *
Imports
do
Price, wholesale, 'beef' fresh, steer carcasses, choice
(600-700 Ibs.) (New York) __„
$ per lb~
Lamb and mutton:
Stocks, cold storage, end of period--
do. _.
Pork (including lard), production, inspected
slaughter
...
„- . mil. Ib
Pork (excluding lard) :
Production inspected slaughter
do
Stocks, cold storage, end of period
— -_do—_.
Exports
do
Imports
*, •
do
Prices, wholesale:
Hams, smoked composite- __*
$ per lb_ Fresh loins, 8-14 Ib. average (New York) ..do
Lard:
Production, inspected slaughter
mil Ib
Stocks dry and cold storage end of period do
Exports " *
.,
do
Price wholesale refined (Chicago)
$ per Ib
643
19, 489
347
32
1,319
19, 696
375
44
i 1, 265
1,740
306
4
124
1,682
321
3
111
1,667
341
3
127
1,720
359
3
173
1,662
355
3
88
1, 612
335
5
70
1,606
375
4
143
1,634
363
3
103
1,562
316
3
95
1,706
297
4
89
1,566
291
5
106
1,783
284
5
111
1,762
r 262
266
.490
.547
.547
.546
.561
.549
.536
,559
.579
s.593
.598
.670
.557
.585
.612
.610
514
19
522
19
40
23
39
21
39
19
45
21
46
20
42
19
44
19
45
17
43
13
49
12
42
16
42
20
40
'20
21
4
115
14, 570
15, 993
1,324
1,157
1,260
1,350
1,319
1,418
1,412
1,181
1, 143
1,434
1,242
1,270
1, 193
12 114
*336
67
347
13 440
330
72
367
1,105
477
5
32
969
402
4
33
1,065
330
7
30
1, 132
307
7
31
1,125
310
7
14
1 198
'325
13
25
1 199
330
10
38
1,008
308
3
49
995
287
4
35
1,227
331
4
39
1 060 1,079
381
395
19
10
28
34
1,012
319
14
27
8.542
.569
.534
.498
.535
.501
.515
.584
.536
.515
.501
.498
.542
.526
.567
.494
.639
.501
.604
.607
.584
.638
.644
.570
.617
.648
.588
.614
. 604
.694
.605
.699
1 842
100
282
.147
158
101
18
,143
136
89
11
.151
142
82
16
.158
158
77
20
.153
140
83
12
159
82
38
.149
153
100
4
. 143
123
78
19
.144
105
66
18
144
149
64
15
.144
132
81
8
.144
139
90
12
.144
131
83
13
.144
.144
10 242
10 357
894
909
1, 020
1, 003
1,009
935
870
825
758
826
759
893
975
391
219
378
223
287
140
354
203
462
308
547
389
636
475
467
309
378
223
359
211
322
180
266
146
237
121
216
111
249
142
322
213
,123
.128
.145
.150
.135
.130
.115
.110
.105
.120
. 135
.135
.120
.125
.135
.150
1 776
' 82
366
160
252
POULTRY AND EGGS
Poultry:
Slaughter (commeTcial production)
mil Ib
Stocks, cold storage (frozen) , end of period, total
mil, lbTufkeys*. ... „ • .
„• .do to
Price, in Georgia producing area, live broilers
$perlb_.
*•'1 Eevised.
Annual total reflects revisions not distributed to the months.
2 Effective May 1972, data are for 6 markets; beginning April 1972, for 4 markets.
4
3 Data are for 41 public markets.
Data are for 40 public markets.
«Beginning Jan. 1972, price for East Coast (New York and Philadelphia average).
• Average for Mar.-Dec.
SURVEY OF CITRKENT BUSINESS
August 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
Annual
S-29
1971
June
July
Aug.
Sept.
1972
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS— Continued
Eggs:
Production on farms
mil. cases O
Stocks , cold storage, end of period:
Shell.
——
— thous. cases O._
Frozen
mil. Ib
Price, wholesale, large (delivered; Chicago)
$ per doz._
195.1
199.3
16.4
16.6
16.4
15.9
16.6
16.6
17.2
17.3
16.2
17.6
16.7
16.9
16.1
51
98
75
148
80
141
81
134
84
136
82
94
80
60
74
52
71
49
70
80
70
96
73
154
81
'217
50
60
74
86
230
89
.425
.332
.298
.330
.345
.329
.324
.335
.370
.300
.288
.328
.295
.280
294
.330
Cocoa (cacao) beans:
Imports (incl. shells) ._
_ __ thous. Ig. tons
Price, wholesale, Accra (New York)
$ per lb._
279. 2
.341
316.8
.268
25.3
.268
28. 7
.280
23. 2
.286
24.6
.271
13.8
.250
10.9
.241
50.3
.234
39.8
.259
39.3
.256
27 6
.286
28.8
.286
24.4
.304
25.6
.316
.320
Coffee (green):
Inventories (roasters', importers', dealers'), end
of period
- thous. bagscf
Boastings (green weight) ..
do
2,593
19, 960
4,000
19,607
3,027
4,663
19,727 i 21, 669
Imports, total
do.
4,712
From Brazil
do
6 991
Price, wholesale, Santos, No. 4 (N.Y.)_.$ perlb..
.557
2.461
Confectionery, manufacturers' sales....
mil. $__ 1,910
2, 002
1.941
2,132
.438
.430
MISCELLANEOUS POOD PRODUCTS
FishStocks, cold storage, end of period
_
mil. Ib
Bugar (United States):Deliveries and supply (raw basis) :§
Production and receipts:
Production
. .thous. sh. tons
Entries from off-shore, total 9
do
Hawaii and Puerto Rico......
..do
Deliveries, total $ . . .... ... . d o
For domestic consumption
......do
Stocks, raw and ref., end of period
— .do ...
Exports, raw and refined......
Imports:
Raw sugar, total 9. _„.__•__
From the Philippines
Refined sugar, total
.......sh. tons..
-.thous. sh. tons
do
._ do
Prices (New York):
Raw, wholesale
—
...
$per lb_.
Reflned:
Retail (incl. N.E. New Jersey) __..$ per 5 lb_.
Wholesale (excl. excise tax).
.._..$ per lb._
Tea imports
..
thous Ib
666
139
5,198
4,481
570
115
2, 720
2, 754
971
993
.433
.433
160
215
4 000
r 4 254
5,316
5,299
621
165
. 433
875
144
.440
1 818
647
2,560
1 009
2,172
877
1 137
212
5 316
5,021
1 146
286
.463
1 784
1,452
.480
.485
437
204
195
157
167
168
163
r!28
132
443
306
302
231
270
305
338
333
314
302
274
246
224
212
'240
*250
4,712
4, 588
6,601
1,230
103
441
169
97
692
143
107
775
80
170
601
50
659
280
95
1, 073
929
441
132
687
1 285
41
395
113
34
224
462
153
147
612
92
147
740
131
574
187
11,310
2,792
11,444
11,291
2,683
1,087
1,068
2,157
1, 034
1,020
1,932
1,121
1,107
1, 629
1,123
1,109
1,450
1,582
2,134
990
2,683
823
812
3,008
727
716
1 058
1,049
3 059
2,898
7,892
481
25
37
84
80
59
4
55
31
137
60
63
27
46
5, 217
1,522
35
5,262
11,544
48
479
108
1
476
170
3
559
179
2
675
178
6
327
112
4
281
141
1
464
242
10
498
54
3
436
53
3
408
135
11
302
58
6
308
24
5
627
160
2
.081
.085
.086
.086
. 086
.086
.085
.086
.088
.092
.090
.092
.090
.088
.088
.091
.674
.11$
.695
.117
.693
.116
.689
.118
.701
.118
.703
.118
.704
.118
.704
.118
707
.118
.704
.118
.707
.122
709
.122
.711
.124
709
.124
692
.124
.124
135 202
175 432
16, 529
20, 150
25, 141
19, 427
4 631
3,828
11 862
12 914
16 907
10 276
10 165
12 885
16 563
290.4
136.7
261.5
111.0
305.6
309.4
301.4
122 0
306.5
290.1
127 6
279.4
118 8
124 9
289 1
122 2
301 2
130 0
278 1
136 0
291.4
130 6
292 0
137 5
332.6
290.5
309.9
71.2
300.2
79.0
66.5
276 5
77 3
265 3
74 5
308 4
76 1
314 2
85 9
301 0
80 2
348 7
92 3
321 3
145 8
r 359 9
106 1
358 4
89 6
185. 9
61.6
163.4
72.9
173.3
65.5
194. 7
63.5
188 2
64 3
210 1
60 7
219 4
57. 1
207 6
68 9
194 7
71 4
201 7
69 1
181 3
82 6
r 186 3
83 9
184 9
66 8
.305
.308
.312
.310
.310
.310
.312
.312
.315
.313
.313
.313
.313
45.3
46.6
45.6
40.2
40.4
49.9
40. 8
50.1
57.6
47.6
51.0
63.1
42.1
63.5
38.8
43.5
53.5
36 7
45.2
47.7
41.3
42.2
46.9
41.6
40 3
68.5
38 0
46 2
64.7
38 7
41.4
53.0
36 4
'43 5
51.8
43 7
45 6
51.0
44 5
393.5
200.5
403.1
438.3
236.9
409.7
409.9
208.7
406.4
376.0
432 1
242 8
379 3
' 390. 3 ' 409. 2
227 7 ' 241. 5
366 6 r 350 5
425. 4
255 2
355 7
6,675
1,497
11, 459
947
935
333
122
903
888
1 001
811
978
802
968
2,874 *• 2, 672 v 2, 352
FATS, OILS, AND RELATED PRODUCTS
Baking or frying fats (Incl. shortening):
Production
.mil. Ib. 3, 587. 6 3 615. 1
Stocks, end of period©
_ _
.do
132 9
127.6
Salad or cooking oils:
Production . . .
do
3,389 1 3 499. 8
Stocks, end of period©
do.
75.6
' 76.1
Margarine:
Production— _ _ _ _ .....
do
2230.5 2 290 2
Stocks, end of period© _ _ .
_. .
._ do_
45.6
'57:i
Price, wholesale (colored; mfr. to wholesaler or
large retailer; delivered)..
-._.
$ per lb_.
.289
.308
Animal and fish fats:A
Tallow, edible:
Production (quantities rendered)
..mil. lb..
558. 2
541.6
Consumption in end products
do
569.7
598. 6
Stocks, end of period f._
_.do_.
41.3
46.7
Tallow and grease (except wool), inedible:
Production (quantities rendered)
do.... 4,876.8 4, 967. 7
Consumption in end products
do ._ 1 2,553.5 2, 622. 7
Stocks, end of period f
_ do.
396.1
379.7
Fish and marine mammal oils:
Production.
.___
_
do
257.0
206.9
Consumption in end products „ _ _ _
do___.
69.6
66.9
Stocks, end of period 1
do..
103.5
134. 9
82.2
439.9
231.4
401.9
441.5
120.7
222.2
424. 5
401.2
207. 0
397 4
438.5
219.8
379.7
397.2
221. 7
411.8
54.8
55.3
58.5
30.4
16.8
132.0
148.1
155. 1
138.8
4.1
6.0
4.5
1.6
4.4
1.4
3.4
156. 7
147.2
134.9
96.7
5.3
5.6
4.5
Vegetable oils and related products:
Coconut oil:
(d)
Production: Crude
mil. lb._ » 247.1
(d)
(d)
(d)
49.4
36.2
39.9
653. 3
Refined
do
544. 0
53.4
68.4
750.2
52.1
Consumption in end products
_._.do
740. 7
Stocks, crude and ref., end of period ^
do...
167.6
177.3
153.1
202.8
191.1
45.5
30.2
35.3
Imports
do
584.2
628.6
Corn oil:
40.1
42.7
42.4
474.0
485.1
Production: Crude
do
34.6
39.1
33. 7
440.4
Refined...._ .do.
440.9
38.2
35.9
447.4
36.0
Consumption in end products
....do....
449.6
65.6
63.8
64.7
Stocks, crude and ref., end of period If ... .do
43.3
57.1
r
d
Revised,
* Preliminary.
Data withheld to avoid disclosure
of operations of in2
dividual
firms. * Reflects revisions not available by months.
Average for Jan.-Nov.
3
Monthly data not available.
* Effective Feb. 1972, data exclude fish oil stock.
118.1
5.4
(d)
(d)
(d)
(d)
09
229 5
392 7
3.8
* 56 0
(<*)
44 o
3.5
3.0
3.1
.313
3.0
55 8
64 2
53 5
53 1
(d)
09
(d)
(d)
47.9
60.8
143.9
79.3
56 0
63.1
154.2
67 8
46 8
62.3
166.9
28 2
39.2
59.2
191.1
16 1
45.0
57.4
191.5
22 0
63.0
174.5
144 6
56 8
66 4
187.1
67 9
51 2
69.7
162.9
27 3
55 0
73.0
' 174. 6
70 4
65 0
76.1
176. 2
58 2
42.0
42.2
38.4
58.3
42.4
33.9
35.2
65.0
40 7
35.7
40.7
69.6
33.4
40.0
44.8
57.1
38.7
35.9
37.9
59.0
38 7
40 8
40.0
55.4
43 5
36 7
38 7
59.1
40 0
34 6
32 3
72.1
»-46 1
36.4
35.4
81.4
45 7
44 5
41.8
70.9
OCases of 30 dozen.
cf Bags of 132.276 lb.
§Monthly data reflect cumulative revision s
for prior periods.
9Includes data not shown separately: see also note " §".
AFor data
on lard, see p. S-28.
©Producers' and warehouse stocks.
1[Factory and warehouse
stocks.
S-30
SUBVEY OF CUEEENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970 1 1971
Annual
August 1972
1971
June
July
Aug.
Sept.
1972
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED
PRODUCTS- Continued
Vegetable oils and related products— Continued
Cottonseed cake and meal:
Production
_
thous. sh. tons_. 1, 726. 3
85.8
Stocks (at oil mills) , end of period
do
Cottonseed oil:
Production: Crude
mil. lb_ 1, 211. 5
1, 019. 2
Refined
_ _ do
931. 9
Consumption in end products
do
Stocks, crude and refined (factory and ware184.3
house), end of period
mil. lb_
369.8
Exports (crude and refined)
do
.175
Price, wholesale (N.Y.).— ..
$perlb_.
Linseed oil:
Production, crude (raw)
mil. Ib
Consumption in end products
do _
Stocks, crude and refined (factory and warehouse) , end of period
mil. Ib
Price, wholesale (Minneapolis)
$ per lb_.
Soybean cake and meal:
Production
thous. sh. tons _
Stocks (at oil mills) end of period
do
Soybean oil:
Production: Crude
mil. Ib
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of period
mil Ib
Exports (crude and refined)
do
Price, wholesale (refined; NrY.)_— -_$ per lb_.
1, 720. 6
93.1
86.1
136.0
61.1
109.5
66.4
101.9
50 3
81.9
161.2
87.8
208 9
99 5
219. 8
93.1
212.7
103.6
191 1
107. 7
216 5
126 9
155 9 r' 132. 4
145.8 159. 4
1, 209. 4
985. 8
728 5
61.0
73.2
70.9
43.5
44.9
50.1
47.0
51.2
57.8
34 3
44.8
50 8
111.8
60.9
52.9
149 0
102.9
57 4
154.0
113.3
60.5
151 1
104.0
53 2
134 9
90.8
49 7
154 4
118 2
66 7
110.2
98.3
48 9
'97. 7
'98.2
63 5
81.5
92.0
64.2
188.3
2400.7
.190
224.6
31.7
.188
167. 2
69.8
.193
142.9
14.3
.206
93.8
26.2
.201
130.0
3.1
. 182
159. 5
36.3
.177
188.3
58.5
.174
239.4
23.1
.168
277.3
47.4
.168
295 0
50.4
.168
294.8 ' 266. 0
30.6
47.8
.168
.168
239.5
49.7
.168
314. 5
191.4
412.2
213.7
41.4
22.7
25.9
17.9
34.7
19.4
35.4
18.0
36.5
17.6
32 3
15 3
33.3
16.0
38.2
17.3
36.5
17.6
44 8
19.0
33.2
'22. 5
40. 1
24.4
148.5
.109
224.9
.089
203.8
.088
193.2
.088
177.1
.088
179.9
.088
203. 7
.088
210 8
.088
224. 9
.088
236.7
.088
245 3
.088
263 5
.088
280.9 ' 275. 3
.088
.088
276.9
.095
36 1
19.7
109.1
139.3
17,379.5
112.2
17,104.2 1, 401. 6 1, 429. 7
149.4
119 8
192.4
8, 085. 9
6, 276. 3
6,322.3
8, 081. 5
6 297 9
6, 322 9
670.9
526. 7
556.3
674.9
482.9
497.3
692.2
532.8
537.3
597.5
568 6
554.0
645. 2
534 5
522 0
644.2
504 2
522 2
690.6
534.1
554.8
689.9
525. 5
549. 5
658.9
523 4
527 6
706.4
559 1
582 6
646.7 ' 698. 8
534. 4 556. 6
545.4 ' 580. 6
632.9
543.8
568. 8
755.6
802 2
1, 372. 4 21,611.7
.133
.151
719.0
140.9
.146
745.3
189.0
.159
819.2
78.1
.172
772.6
122.2
.155
725.9
143. 0
.154
808 7
43 5
.157
802.2
153.8
.139
782.8
157.8
.135
847 1
71 3
.139
881 2
59 3
.141
952.7 ' 945. 0
69.3
89,0
.143
.138
823. 5
263.3
.136
17,849
17, 510
42,665
21, 908
4,186
33,348
18, 281
.168
.095
1, 473. 8 1,265.1 1,362.0 1, 366. 5 1,471.3 1, 463. 3 1 387.3 1,471.9 1,346.5 '1,439.8 1,303.6
121.4
119.8
189.7
198.9 ' 162 6 156.7
177.9
131.3
167 2
115 6
136 8
.126
TOBACCO
Leaf:
U,908 'i 1,707
Production (crop estimate)
_ _ - __mil. lb.
Stocks. dealers' and manufacturers' end of period
5,006
mil. Ib
4,828
Exports, incl. scrap and stems
_ thous. lb__ 510, 325 2474,209
235, 428 2248 529
Im ports incl scrap and stems
do
4,371
39, 778 35, 404
20, 413 17 256
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
Taxable
_ _ _.. _
Cigars (large) taxable
Exports, cigarettes
4,454
46, 582
552
3, 038
_
_ millions
do
do
do
51, 166
532,764
6,705
29, 147
49,200
528, 858
6,490
31,802
3 1, 720
4,474
41, 791 76, 841
15, 686 49, 965
4,270 6,852
39, 596 45, 595
552
497
3,033 4,234
7,251
45, 765
558
5,753
3,509
19 561
4,828
2 375 59,622
16 265 14 829
95,447
19, 363
86, 990
22, 128
4,531
28 581
22 549
2,198
47, 049
595
768
2 688 2,939
46 061 39, 634
418
616
1 246 2 048
4 755
43 295
452
2,568
4 365
45, 633
459
3,642
3,732
49, 913
540
2 577
2, 745 3,826
42, 581 48,376
457
592
1, 959 2, 246
4,608
49, 127
473
2,770
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9 thous. $
Calf and kip skins
thous skins
Cattle hides
thous. hides
15, 158 16 198
117
123
1 565 1 696
17, 201
220
1,656
13, 489
193
1, 272
12, 917
128
1,153
19, 226
124
1,686
15, 866
226
1,210
19,078
158
1,437
19,256
126
1, 317
1 800
631
136
800
196
19
3 900
1,314
342
4,100
1,021
289
5,800
2, 160
314
6,600
2,119
285
5, 800
2,139
275
7, 500
2,641
356
5, 900
1, 245
415
.280
.153
.280
.168
.320
.163
.330
.178
. 450
.190
.450
.233
.575
.255
.575
.280
.560
.293
123
142
1 650 1 726
260
316
1 900 1 833
142
163
150
117
1 776 1 780 1 677 1 635
335
344
285
347
1 781 1 827 1 790 1 502
126
1 740
216
1,773
142
1,833
245
1,741
147
1,784
242
1, 708
173
1, 874
340
1, 852
5, 534
6,540
6, 830
4,810
5, 976
9,198
7,727
8,379
9,816
9,485
11,487
10, 360
114.1
114.1
114.1
114.1
114 1
114 1
119.5
121.8
124.1
136.4
152 5
152.5
152.5
152 5
87.7
87.7
87.7
77.2
77.2
77.2
79.6
86.8
86.8
100.1
104. 6
106.4
106.4
109.0
145, 200
1, 316
15, 222
155, 821
2 222
15, 962
12, 851
254
1,235
7,118 11, 583
198
131
694 1 166
12, 517
127
1,338
51, 300
18, 701
3,028
52, 100
19, 283
1,956
6,900
2,774
185
4, 900 4 300
1 877 1 151
133
' 81
4, 000
920
134
.331
.129
.294
.145
.300
.141
.300
.148
.280
.155
LEATHER
Production:
Calf and whole kip
thous. skins
Cattle hide and side kip
thous hides and kips
Goat and kid
thous. skins
Sheep and lamb
-do
2,717
20 353
3,979
23 598
1,621
20, 477
3,148
21, 385
142
1,823
352
1,894
83
1,283
202
1,458
Exports:
Upper and lining leather
79, 365
82, 944
8,144
114 0
114.4
84.3
81.8
Imports:
Value total 9
Sheep and lamb skins
Goat and kid skins
thous $
thous pieces
do_ __
Prices, wholesale* f.o.b. shipping point:
Calfskins, packer, heavy, 9^/15 Ib
Hides steer, heavy, native, over 53 Ib
$ per lb__
_ do ..
thous. SQ. ft
Prices, wholesale, f.o.b. tannery:
Sole bends light
index, 1967=100
Upper, chrome calf, B and C grades
index, 1967=100.LEATHER MANUFACTURES
Shoes and slippers:
Production, total
thous. pairs
Shoes, sandals, and play shoes, except athletic
thous pairs
Slippers
do
Athletic
do
Other footwear..-.do
Exports
do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt
index, 1967=100. _
Women's oxfords, elk side upper, Goodyear
welt
index, 1967=100
Women's pumps, low-medium quality___do
562, 318
533,857
46,490
37,556
46,092
45,399
44,936
40, 525
42,720
44, 525
44,310
48, 706 '44,142
45,106
451 816
96, 181
8,955
5, 366
425,135
96,534
9,620
2,833
36,403
9,086
781
220
30,885
5,962
592
117
35,567
9,654
728
143
34,446
9,904
879
170
34,589
9 361
820
166
31,789
7, 775
795
166
35,574
6,222
794
130
36 766
6, 939
680
140
36,206
7,230
722
152
38, 208 '35 982
8,469 ' 7, 292
853
726
176
142
35 512
8, 708
727
159
2,154
2,106
211
144
163
226
163
156
167
161
151
113.3
117.5
117.1
117.1
118.3
118.3
118.3
118.3
118.3
120.1
121.3
116.2
117.1
120 1
121.2
120.2
121.2
120.2
121.2
120.2
121.2
120.2
121.2
120 2
121.2
120.2
121.2
120.2
121. 2
120.2
121.2
121.5
121.2
' Revised.
* Crop estimate for the year.
2 Annual total reflects revisions not distributed to the monthly data.
.300
.148
3
Aug. 1 estimate of 1972 crop.
9 Includes data for items not shown separately.
203
.560
,293
195
148
142
122.6
125.5
128.3
180.1
131.4
121.5
124.3
124.1
127.4
125.3
130.4
125.3
130.4
127.9
130.4
SURVEY OF CURRENT BUSINESS
August 1972
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
| 1971
Annual
S-31
1972
1971
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
LUMBER AND PRODUCTS
LUMBER— ALL TYPES 9
National Forest Products Association:
Production, total
mil. bd. ft
Hardwoods _
_ _ _ _ _ _ _ _ _ _ do
Softwoods
do
Shipments, total.. _
Hardwoods
Softwoods
_.do
do
do
Stocks (gross) mill end of period total
do
Hardwoods
_ _
_
_
do
Softwoods,.
__do_ __
Exports, total sawmill products _
Imports, total sawmill products
do
do _
34, 462
7,023
27,439
36, 617
6,334
30,283
3,384
613
2, 771
3,194
690
2,604
3 220
502
2,718
3,242
532
2,710
3,199
574
2,625
3,028
536
2,492
2,924
481
2,443
2,832
450
2,382
3,076
467
2,609
3,383
506
2,877
3,272
562
2,710
3,420
555
2,865
33,490
6,195
27, 295
37,677
6, 828
30,849
3,637
587
2, 950
3,209
584
2,625
3,345
583
2 762
3,294
583
2,711
3,336
607
2,729
3,067
554
2,613
3,015
531
2,484
2,942
542
2,400
3,186
610
2 576
3,566
583
2, 983
3,422
622
2,800
3,628
606
3,022
6 326
1, 478
4, 848
5 266
984
4, 282
5 741
1,250
4, 491
5 723
1,' 253
4,470
5 594
1*145'
4,449
5 532
1, 084
4,448
5 397
1,053
4,344
5 358
1, 035
4,323
5 266
*984
4,282
5 155
891
4,264
5 040
743
4 297
4 857
666
4,191
4 704
603
4,101
3,944
553
3,944
1,266
6,095
1,081
7,599
95
761
79
767
85
624
72
797
88
516
131
582
95
679
92
757
101
703
152
768
120
745
126
889
7, 398
467
8,471
566
814
677
695
787
685
715
735
735
696
704
776
740
668
819
722
657
644
915
689
763
700
777
563
7,475
7 427
1 058
8,247
8 362
943
723
770
1 013
605
769
585
757
1 033 1 045
715
715
1 045
667
727
975
713
739
949
696
702
943
685
663
965
764
735
994
826
870
950
731
752
929
810
914
825
329
88
240
36
10
25
12
3
8
21
4
17
58
21
37
21
3
19
25
g
17
13
3
10
49
15
34
36
10
26
44
14
30
40
9
31
92.22 U17.68
135.33
135.70
137.42
141. 64
143.55
127
761
SOFTWOODS
Douglas fir:
Orders, new
:__
Orders, unfilled , end of period
mil. bd. ft_.
do
Production.... _
Shipments
Stocks (gross) , mill, end of period
do __
do
do
Exports, total sawmill products
Sawed timber
Boards, planks, scantlings, etc
__do-._.
do
-do
380
87
292
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$ p e r M b d . ft__
Flooring, C and better, F. G., 1" x 4", R. L.
$ per M bd. ft
226 76
Southern pine:
Orders, new..
_
Orders, unfilled, end of period
mil. bd. ft
do
Production
__
do
Shipments
do
Stocks (gross) , mill and concentration yards, end
of period
._
mil. bd. ft
Exports, total sawmill products
M bd ft
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1967=100..
Flooring, B and better, F. G ,1" x 4", S. L.
1967=100..
Western pine:
Orders new
Orders, unfilled, end of period
Production.
Shipments
mil bd ft
do
___ _ __
do
do
Stocks (gross) , mill, end of period
do
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12", R. L. (6' and over)
$ per M bd ft
1
9
2
6
17
6
12
116.72
125. 72
129.92
128.88
128. 59
127.45
130. 23
134. 97
227. 78 224.22
224. 22
232 02
232 02
231 87
226.28
225. 35
(2)
7 316
373
8 640
421
771
454
749
463
724
440
690
405
744
385
693
406
696
421
819
519
740
525
808
517
793
515
767
494
7,295
7 267
8,432
8 592
731
764
718
740
721
747
715
725
766
764
694
672
688
681
691
721
730
734
782
816
770
795
776
788
1,376
1,216
1,253
1,231
1 205
1 195
1,187
1,209
1, 216
1 186
1 182
1,148
1,123
1,111
78 418
64 923
6,931
8,563
5,140
6,973
1,760
1,338
7,050
4 058
5 883
4 521
7,366
6,285
149.32
3,912
107.9
133.7
133.2
140.7
143.2
143.2
143.2
143.0
143.4
144.2
146.0
149. 1
153.4
154.5
155.5
156.2
122.9
132.8
132.6
136.0
136.0
136.0
136.0
136.0
136.0
136. 9
138.1
138.7
141.8
141.8
140. 7
140.7
9 341
'334
10 458
362
973
374
940
437
872
368
971
365
906
374
786
341
847
362
778
433
782
407
968
424
919
436
956
412
9 378
9 371
10 175
10 430
876
955
868
877
914
941
974
974
887
897
806
819
794
826
705
707
820
808
940
951
882
907
953
980
1 634
1 382
1,470
1 461
1 437
1,437
1 427 1, 414
1 380
1 392
1 381
1 356
1,329
83 79
96. 44
92 70
96.40
106.24
109. 10
106 57
105. 14
108. 28
113 20
117 69
121 77
127 01
130. 52
134. 59
135. 18
304 4
9.1
322 5
8.1
32 1
11.6
32.3
14.6
27. 0
10.0
26.9
8.4
27 8
8.7
24.0
7.4
24 0
81
24 9
10 1
23 7
11 4
26 8
13 7
22 8
15 2
26 9
16 6
315 2
306.7
33 3
315.9
321. 6
22.0
25 4
29.9
32 5
25.0
29.4
28.1
28.3
31.3
25 1
37. 3
27.8
24.6
25.2
27.1
23.2
22.7
24. 4
21.4
22 7
24 4
22 0
21 8
22 5
• 21 3
20 5
22 6
18 8
21 5
24 2
16 1
19 4
20 7
14 7
21 6
23 7
13 1
397
494
3
208
332
1
221
519
2
261
588
1
199
469
245
614
1
211
653
930
26
34
1 603
48
62
1 599
27
71
1 382
HARDWOOD FLOORING
Oak:
Orders, new
Orders, unfilled, end of period
mil bd ft
_ do
Production
Shipments
__ _
Stocks (gross) , mill, end of period
do
do
do
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous. sh. tons
Scrap..___do
Pig iron
_
do
10, 365
310
2,827
6,256
34
249
579
5
298
440
5
164
552
4
286
794
3
172
373
1
Imports:
Steel mill products.
Scrap
Pig iron
13 364
346
266
18 304
325
320
2 112
30
40
1 688
24
37
1 554
33
39
1,780
37
54
1,437
28
18
1 472
27
24
1 336 1 093
29
31
7
35
1 129
31
54
1 095
30
5
49 169
33 987
82 567
8 494
4 771
3 180
7 565
7 597
4 012
2 416
6,252
7 780
2,556
2,116
4,583
7 863
3 201
2 419
5 624
7 ggg
3,498
2,821
5,966
8 260
3 420
2 490
5 822
8 357
3 557
2 391
6 023
8 298
3 949
2 938
6 913
8 219
r
4 383 4 480 p 4 505
3 637 '3 415 p 3 547
7 967 '7 942 *8 089
8 310 r 8 293 ?8 256
-_----__- _
7 062
do
do
do
248
284
(3)
(3)
(3)
Iron and Steel Scrap
Production
Receipts* net
_
Consumption
Stocks, end of period
„___
thous. sh. tons
do
do
do
4
4
4
52 575
34 148
85 559
7 668
4
4
4
4
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
$perlg. ton.. 40.72
31.62
33.19
31.24
29.90
Pittsburgh district..
do
36.80 36.50 35.50 36.00
42.00
r
Revised.
*> Preliminary.
1 Beginning Jan. 1971, data reflect
changes in size specifica2
tions, and are not comparable with those for earlier periods.
Series discontinued.
3 795
2 926
6*950
8*251
32.84 33.66 32.74 33.68 33.36
31.53 29.70 28. 93
31.78
31.03
36.00
35.00 34.00 33.00 36.00 38.00 36.00 35.50 37.00 36.00
3
4
Less than 500 tons.
Annual data: monthly revisions are not available.
9 Totals include data for types of lumber not shown separately.
34.24
38.50
S-32
August 1972
SURVEY OF CUKKENT BUSINESS
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1971
j
Annual
1972
1971
June
Aug.
July
Nov.
Oct.
Sept.
Dec.
Jan.
Feb.
Mar.
5 051
1 749
1 732
Apr.
May
June
July
METALS AND MANUFACTURES^-Continued
IRON AND STEEL— Continued
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.
do
Stocks, total, end of period
At mines...
At furnace yards.At U.S. docks
..
do
do
. _ do
do_-
Manganese (run. content), general imports. _ do
89,760 i1 80 762 r 8 932 9 Oil
88,011 77 692 10 909 10 623
44, 876 40, 124 5 361 6,124
125, 107
123, 261
5,494
114 051
108, 966
3 061
16 042
10, 535
71,600
i 15,316
52, 781
3,403
78 714
17 552
57 738
3 424
62 823
22 057
39 357
1,409
990
1 019
114
1
325
14 780
9, 158
365
6 737
8 264
3 969
8 326
9 001
2 920
6 309
7 969
3 166
5 507
5*089
3 220
5 360
3 891
2 161
4 585
2 037
1 317
4 586
1 649
1,701
11 153
6 041
*187
11, 695
6,902
10 144
7 388
*281
8,355
7,130
5 879
8 006
3,479
8, 668
3,190
9,001
163
20
78 714
17 552
57 738
3,424
75 822
20, 130
52, 550
3,142
41
102
5 384
1 801
5, 930
5 901
1* 777
77. 70
78 33
79.50
77.70
78 33
79.50
77.70
78.33
one
r 1 179
640
r
835
1 014
' 548
8OQ
1 174
695
'668
583
203
r
r
119
r
r
67 200 71 748 76 205 77 983 79 130
20 498 18' 605 17* 945 16 398 15 942
44 979 r51 091 r55 884 r58 640 r59 865
3,323
2,376
1,723
2 052
2 945
143
119
99
40
7,930
7 883
1 859
6,851
6 751
1 888
3,701
3 339
1 940
5,148
5 146
1 886
5,532
77.70
73 33
74.60
77.70
78 33
79.50
77. 70
78 33
79. 50
77.70
78 33
79.60
77.70
78 33
79.50
6 933
2,972
1 775
7 677
9 302
3, 357
7,448
9,240
4,191
4,188
10, 505
5 069
10 482
12, 069
10, 802
12, 676
9,901
72 723
23 156
46 730
2,837
68 719
26 481
40 412
1,826
65 654 65 138
29 414 27 790
34 999 36, 247
1 141 1, 101
66, 298
25,952
39, 022
1,324
104
92
87
52
72
6, 598
6 379
1 742
7,708
7 599
1 732
8 019
7, 726
7 629 v 7 924
i 666 p 1, 770
7 497
6 584
1 783
77.70
78 33
79.50
77.70
78.33
81.70
80. 88
81. 70
80.88
83 25
OAA.
r 01 4.
r 1 297
r*662
14
149
94
56
65
239
Pig Iron and Iron Products
Pigiron:
Production (excluding production of ferroalloys)
Consumption
Stocks end of period
Prices:
Composite
Basic (furnace)
do
do
$ per Ig. ton__
do
Castings, gray iron:
Orders, unfilled, for sale, end of period
Shipments total
For sale
Castings, malleable iron:
Orders, unfilled, for sale, end of period
Shipments, total
For sale
91, 435
81, 299
r 190 797 1 81 lyg
2 082 1 1 779
69.33
69.26
76.03
75 83
77.00
77A
QQQ
000
do
do
13 945
8 173
78
00
do
do
852
521
882
505
13 840
7 428
1 290
'703
603
985
598
1 004
K A79.
•I
QOQ
7AK
1 111
779
1 174,
600
1 098
68
78
46
7fi
oq
89
54
33
72
42
74
46
79
84
72
40
70
42
79
77
42
80
45
11,491
109.9
9,942
92.0
5,774
53 4
7,678
73.4
8,211
76 0
8,053
77.0
8,784
81.3
10,001
92.6
303
164
125
Q1 A
9QQ
1 587
1 290
109
88
112
293
132
109
978
129
261
ll4
92
281
129
104
Aft
r
r
77.70
78 33
79. 50
QOC
1 299
*696
00
OK
942
1,353
728
76
84
49
f 86
»"86
81
49
81
45
9,980
98.7
11,588
107.3
11,588
110.8
300
121
99
304
132
109
r 317
"149
'123
298
132
106
270
138
113
87
81.70
80.88
Steel, Raw and Semifinished
Steel (raw):
Production
thous. sh. tons.. 1131,514 1120,443
Index
_
daily average 1967— 100
103. 4
94 7
Steel castings:
Orders, unfilled, for sale, end of period
091
Shipments, total
For sale, total
do
do
981
1 724
1 416
91
103
11,937 r 10,980 *10,368
105.0 *96.0
110.5
Steel Mill Products
Steel products, net shipments:
By product:
Semifinished products
do
Structural shapes (heavy), steel piling
do _ .
Plates
do
Rails and accessories...
__
_ do
t 87,038
9 S1fl
7, 387
6,060
8,065
1,590
4,962
5, 666
7,939
1,564
497
Bars and tool steel, total
do
Bars: Hot rolled (incl. light shapes)
do____
Reinforcing
do
Cold
finished
do___
Pipe and tubing
_ _ do
Wire and wire products
_do
Tin mill products.. __ _
do_
Sheets and strip (incl. electrical), total_._do
Sheets: Hot rolled
do_ _
Cold rolled
do_ __
14, 577
8,107
4,891
1,490
7,778
2,998
7,243
35, 101
12, 319
14, 250
14, 156
8,179
4,621
1,378
7,574
2,791
6,811
35,574
11,760
14, 898
1,472
844
476
146
769
310
865
4,252
1,394
1,825
U7 678 i is 184
110 565 i 9 541
1
4 440 i 4 946
1J4 475 i 17 483
4,916
3 155
1*642
6 653
1 3 098
i 5 169
17 775
127 598 i
1 636
2 412
7,256
By market (quarterly shipments):
Service centers and distributors
Construction incl maintenance
Contractors' products
Automotive
do
do
do
do
Rail transportation
do
Machinery industrial equip tools
do
Containers packaging ship materials do
Other
"""do
Steel mill products, inventories, end of period:
3 004
4 903
7 212
23 765
617
860
167
A. K99
354
371
631
871
161
144
190
267
65
313
395
89
351
450
95
1, 430
796
509
118
815
312
1,040
3, 448
1,228
1, 345
703
310
307
79
492
138
229
1,475
471
810
354
336
82
428
170
328
1,634
562
569
888
471
319
91
440
202
361
2,026
744
545
67.1
67 5
10 0
67. 6
67 0
14 6
do
Service centers (warehouses)
Producing mills:
do
7 2
75
6 3
74
7.9
80
10 2
7 5
10 4
7 8
10 8
86
.1100
.1069
.1089
Steel (carbon),finished,composite price.. .$ per lb.. .1014
.1123
r
Revised.
*> Preliminary.
i Annual data; monthly or quarterly revisions are not
available.
2 For month shown.
.1129
Finished (sheets Dlates bars DiDe etc ) do
12 8
10 5
10 7
9 0
10 9
9 3
3.8
51
13 1
6 588
6 649
7 927
7 g22
8 121
7 971
385
323
322
430
384
492
136
347
538
131
387
412
378
547
140
417
462
618
153
479
645
165
456
615
137
940
652
287
95
489
195
476
2,609
920
1, 034
1,091
642
272
170
450
202
410
3,096
978
1,113
689
294
123
526
214
462
2,946
1,030
1,393
850
387
148
709
257
533
3,327
1,161
1,296
770
381
138
652
254
521
3,280
1,142
1,405
826
423
148
699
261
600
3,463
1,183
3,392 21,192
2579
1 710
2344
962
2,940 2 1, 631
2 1, 278
2642
2351
2
1, 421
2 1, 528
2
878
2412
21,622
2 1, 505
2813
2 399
2 1, 564
21,657
2839
2 446
21,594
21,650
2 833
2 463
2 1, 493
7Q1
387
362
430
100
903
605
296
95
470
198
576
2,375
825
945
11 6
10 6
491
641
158
I
oq-i
1 4°«7
1,345
791
399
147
671
289
642
3,387
1, 166
1 361
1,427
5,205
2226
2377
2456
21,885
2230
2389
2
506
21,832
2272
2550
2578
2 2, 188
2231
2451
2562
22,097
2253
2474
2637
22,219
2197
2464
2 684
2 2, 186
10 0
10 0
9 5
91
9 0
5.8
53
5 g
5.7
4 9
6 1
59
8.9
6.0
6.1
8.9
5.8
5.8
567
885
556
873
14 6
7.9
728
5
1 638
5,051
15 9
6. 3
50
Q 4
1 00
3 480
2 117
1 035
2 637
950
Receipts during period
5
3,703
454
4.3
5.3
5.1
4.1
3.9
4.3
56
54
53
75
7 2
7.2
75
7.1
6.9
7.1
•r.-7i 3
7. 5
11 1
90
10 9
9o
10 7
90
11 3
9 2
11 2
9 6
11 2
11.9
10.1
11. 8
9.7
11 5
10.0
.1129
.1129
.1134
.1171
.1191
.1191
.1191
. 1191
.1180
9.9
.1191
S-33
SURVEY OF CURRENT BUSINESS
August 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
Annual
1971
June
July
Aug.
Sept.
1972
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous, sh. tons.. 3, 976. 1 3,925.2
1940.0
852.0
Recovery from scrap (aluminum content). .do
Imports (general):
Metal and alloys, crude
Plates, sheets, etc
Exports, metal and alloys, crude
325.0
74.0
329.5
59.0
333.4
76.0
325.8
65.0
329.0
77.0
314.2
72.0
324.5
75.0
326.1
77.0
313.6
85.0
336.2
87.0
330.8
92.0
346. 4
94.0
__do. _
do
do
350.2
78.7
408.5
560. 4
71.0
112.3
60.9
7.1
10.3
46.6
6.8
3.6
38.1
6.7
5.6
43.7
7.4
12.6
31.5
4.2
4.0
24.0
3.1
7.7
48.5
6.5
6.9
46.8
10.7
13.4
43.9
5.3
3.5
70.0
9.0
6. 7
55.0
6.1
6.4
73.4
6.4
7.5
66.3
7.7
8.4
Price, primary ingot, 99.5% minimum___$ per lb..
.2872
.2900
.2900
.2900
.2900
.2900
.2900
.2900
.2900
.2900
.2900
. 2900
.2900
.2636
. 2500
9,952.6 110,245.6
7,358.0 17,836.7
3,688.6 13,976.4
1, 506. 5 1,577. 2
746.8
580.1
258.2
140.8
689.7
564.1
278.1
97.1
814.7
656.6
343.9
124.3
874.8
674.6
346.5
134.2
761.5
611.7
301.9
143.4
772.2
615.1
304.0
138. 1
840.5
625.2
321.8
135.5
863.3
670.3
354.1
149. 3
954. 5
913. 1 1,017.4
713.7 796.9
737.3
369.9 410.3 377.6
152.6 162.3 '157.5
168.7
5,020
4,465
4,662
4,!736
4,764
4,957
4,986
5,020
5,053
5,038
5,004
49.2 ' 106. 6 ' 116. 1 ' 136. 3 ' 136. 8 '134.9
74.0
42.6
103.1 138. 6 145.9 149.7
63.2
38.7
90.9
124.3 130.6
137.5
4.0
10.9
12.1
14.3
15.3
12.2
15.2
24.5
29.8
37.0
35.9
31.4
130.2
141.2
127.1
14.1
36.1
139.0
146.3
133.5
12.9
27.3
147.4 '140.7
173.7
153. 5
152.3
139.5
21.4
14.0
36.9
Alttminum products:
Shipments:
Ingot and mill prod, (net ship.)
...mil. lb—
Mill products, total.
_— _
do. _.
Sheet and plate
do
Castings
.. . do
Inventories, total (ingot, mill prod., and scrap),
end of period
mil. lb
4,387
Copper:
Production:
Mine, recoverable copper
_.thous. sh. tons-- 1,719.7 '1, 622. 2 '149.2
1, 765. 1 1, 591. 8
166.4
Refinery, primary
do
1, 521. 2 1,410.5
148.4
From domestic ores _ _ _ _
do
181.3
243.9
From foreign ores
do__ _
18.0
371.0
Secondary, recovere d as refined. __
do . — 475.0
31.8
Imports (general) :
Refined, unrefined, scrap (copper cont.)-- do
Refined
do
Exports:
Refined and scrap
___
_do_
Refined
do
4,836
142. 8
164.4
149.4
15.0
394.2
132. 1
365.8
162. 1
36.4
9.9
28.9
12.4
37.0
23.2
41.5
20.2
21.3
15.5
18.2
13.4
49.2
17.8
29.0
12.6
26.2
8.6
38.9
16.1
29.9
10.5
33.5
13.6
35.9
25.1
348.9
222. 0
283. 0
187. 7
24.8
17.6
8.5
4.6
10.1
5.4
16.4
10.4
7.4
4.1
15.6
9.4
29.4
20.8
18.8
10.5
34.8
26.6
33.1
22.8
26.7
20.2
20. 8
14.4
19.2
12.9
i 2, 042
1348.0
i 187. 0
2,014
277.4
174.4
202.6
294. 1
223.8
107.4
264.0
204.2
154.5
229.8
168.9
151.9
224.4
143.6
174.6
242.8
142.1
167.2
260.7
154.0
155.1 "161.8
277.4 P 293.0
174.4 *161.7
.583
2.5201
. 6284
.5290
.5289
.5284
.5224
.5032
.5257
.5257
. 5257
.5257
2,513
2,329
751
2,711
2,354
705
754
649
187
Lead:
Production:
Mine, recoverable lead
_ thous. sh. tons
Recovered from scrap (lead cont.)
...'do
571. 8
1597.4
'678.6
572.7
Imports (general), or6 (lead cont.), metal.. .do
Consumption, total..
do
357. 1
1, 360. 6
Consumption, refined (by mills, etc.)--- --do
Stocks, refined, end of period
_ do
Fabricators'
__•
-_> __ do
Price, electrolytic (wirebars), dom., delivered
$ per lb
Copper-base mill and foundry products, shipments
(quarterly total) :
Brass mill products..
mil. lb
Copper wire mill products (copper cont. ) _ _ .do
Brass and bronze foundry products _
do
2
Stocks, end of period:
Producers', ore, base bullion, and in process
179.4
(lead content), ABMS.
_thous. sh. tons..
Refiners' (primary), refined and antimonial
97.9
(lead content)
thous. sh. tons
1133.5
Consumers' (lead content) cf
.do
Scrap (lead-base, purchased), all smelters
(gross weight)..,..
.....thous. sh. tons. . 173.3
.1562
Price, common grade A
$ perlb—
641
557
164
' 46. 1 '46.7
46.4
42.4
18.5
261.7
l,431.5 ' 116. 6
r
'48.2
46.1
' 61.0
49.1
.5032
.5061
669
584
180
48.8
45.3
53.3
41.8
55.7
54. 2
'52.2
51.9
54. 2
55.0
18.7
24.4
13.9
18.6
20.7
23. 6
'95.8 ' 123. 2 ' 130. 6 ' 127. 8 ' 121. 1 '117.3
26.6
115.5
18.9
116.7
42.5
125.5
22. 5
116.5
30.5
124. 6
51.8
158.6
'49.3
60.6
154.7
182.5
169.5
163.1
165.9
158.9
153.3
154.7
141.0
145.4
151.1
155.9
153. 2
51.8
118.7
76.6
131.8
87.3
133.8
74.3
126.4
63.1
122.8
57.1
114.1
48.2
116.9
51.8
118.7
57.9
122.7
50.2
121.5
37.8
133.5
29.0
133.4
35.9
132.1
72.1
.1380
64.5
.1365
68.3
.1413
66.7
.1412
63.7
.1412
66.3
.1416
64.6
.1388
72.1
.1402
74.2
.1400
74.8
.1460
71.1
.1550
69.2
.1557
64.2
.1560
Tin:
Imports (for consumption) :
4, 667
3,060
Ore (tin content)..
Ig. tons..
50, 554 146,940
Metal, unwrought, unalloyed- - _ - _ do
1 20, 001 i 17, 973
Recovery from scrap, total (tin cont.)--____ do
12,574 12,870
As metal
_ ^
do
1
73,837 i 69,950
Consumption, total
_ ___
do
Primary
do
i 53,027 152,415
0
5,441
1,373
280
6,240
4,625
1, 091
2,059
1, 305
255
5, 605
4,335
12
5,206
1,720
245
5,185
3,760
697
5,207
1,685
260
5,870
4,455
920
1,858
1,680
250
5,910
4,465
0
3,180
1,595
265
6,800
4,155
0
5,414
1,485
260
5,610
3, 920
197
4,971
1,665
205
5,370
4,125
469
5,975
1,710
250
5,470
4,100
441
3,019
1,815
225
6,190
4,605
0
3,793
1,650
.275
5,750
4, 410
322
6,248
1,655
270
6,150
4,690
0
4,701
23
9,804
1. 7436
86
51
12,005 12,670
1. 7131 1. 7200
118
11, 247
1. 7981
191
10, 630
1.8198
235
12,535
1. 7792
42
11, 240
1. 7503
4,966
11, 318
1. 7414
2,306
9,804
1. 6734
79
10, 600
1. 6448
376
10, 340
1. 6644
398
11,205
1. 6607
400
10,905
1. 6729
19
9,025
1. 6770
9
8,620
1. 7539
thous. sh. tons..
i 534. 1
1486.5
43.5
38.0
41.2
38.2
40.1
40.8
39.3
37.8
39.8
45.6
41.5
42.7
do
do....
525.8
270.4
342.6
319. 6
40.9
27.1
21.0
30.3
18.1
28.5
24.0
41.7
23.8
17.6
20.3
25.5
27.7
43.4
33.2
27.3
31.0
31.3
23.4
53.5
29.9
24.7
24.6
39.0
1124.8
1 259. 9
i 119.3
i 277.4
11.0
18.4
10.8
20. 3
10.8
21.1
15.7
20.7
7.5
21. 6
10.1
21.0
11.2
20.5
11. 3
20.5
11.6
21.1
12.8
21.1
13.1
20.9
11.8
22.1
51. 7
5.6
97.5
(3)
45.7
5.7
101.2
0
61.2
6.3
104.6
.1
61.4
5.9
100.5
(3)
64.5
5.9
105. 8
(3)
62.0
6.0
106.6
56.2
5.6
113. 4
.6
60. 7
5.9
126.0
1.5
57.2
5.7
122.1
1.3
63.5
5.7
128. 3
0
Exports, incl. reexports (metal). _ _ — — - _ — _do-_—
Stocks, pig (industrial), end of period. ._ do .
Price, pig, Straits (N.Y.), prompt
$ perlbZinc:
Mine prod., recoverable zinc
Imports (general):
Ores (zinc content)
Metal (slab, blocks)
Consumption (recoverable zinc content) :
Ores____
do
Scrap, all types.
do
Slab zinc:
Production (primary smelter), from domestic
50.1
and foreign ores
thous. sh. tons- '1877.8 i 772. 9
65.7
Secondary (redistilled) production
do
'177.2
5.3
6.6
74.5
Consumption, fabricators. _ - _ _ _ . _ _ _ ... do
1, 187. 0 11,254.1
110.6
95.3
Exports
_ _
do
.3
2.1
0
13.3
Stocks, end of period:
Producers', at smelter (ZI)O
do
198.3
65.2
141.3
68.5
Consumers'
.
do
189.6 i 104. 3 109.3
114.8
.1532
Price, Prime Western
_
$perlb..
.1613 .1600
.1619
r
Revised.
*>
Preliminary.
i
Annual
data;
mo]
rithly revisions are ilot avail able.
2
Average for 11 months.
8 Less than 50 tons.
AEffective Dec. 1971, nationwide delivered price su bstituted for N.Y.-basis pri<36.
62.6
100.9
. 1700
.6063
705
642
196
'66.1
46.0
'48.7
61.6
.2500
. 1550
.1550
5,985
4,660
1. 7661
24.9
59.8
: .7
(3)
56.9
51.1
52.9
50.6
50.5
37.8
23.4
21.6
29.4
22. 0
27.1
94.6
91.3
98.4
95.0
97.1
92. 0
96.8
97.6 ' 93. 2
.1700
.1700 .1700 . 1700 .1700
.1700 . 1730 .1774
.1787
. 1800 . 1800
cflnc ludes secondary smelters' lead stoc ks in ref mery sha pes and in coppei"-base scrap.
OPrc)ducers' j>tocks els ewhere, end of Jiily 1972, 11,100 silort tons
S-34
August 1972
SURVEY OF CURRENT BUSINESS
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1971
Annual
1972
1971
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
METALS AND MANUFACTURES—Continued
MACHINERY AND EQUIPMENT
Foundry equipment (new), new orders, net
155 6
nlo avg shipments 1967 -~100
Heating, combustion, atmosphere equipment, new
*88.5
orders (domestic) net qtrly
mil $
Electric processing heating equip
do
} l 50. 9 {(
Fuel-fired processing heating equip
do
Material handling equipment (industrial) :
Orders (new) index seas adit
1967 --100
Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-type
do
Industrial trucks and tractors (internal combustion
engines), shipments
number
Industrial supplies, machinery and equipment:
New orders index seas adjusted* 196 7-69 -~ 100
Industrial suppliers distribution:
Sales index, seas, adjusted*..
1967=100..
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
Domestic
Shipments, total
Domestic
Order backlog end of period
do
do
do
do
do
Tractors used in construction:
Tracklaying, total
units
mil $
Wheel (contractors' off-highway)
units
"mil. $"
Tractor shovel loaders (integral units only), wheel
and tracklaying types
units
mil. $
Tractors, wheel (excl. garden and contractors' offhighway types)
units
mil $
84.2
73 1
63.7
7.5
30 3
19 4
13
11 6
53 2
48 4
117 6
69 1
72 9
70 5
90 8
78.0
62 1
16.2
2.5
7.4
14.4
2.2
59
67.0
23.8
4.0
12.8
103 3
99 6
99 2
120 3
105 6
110 8
85 6
111. 7
108 4
111 6
116 0
114 9
107 6
112.6
12, 644
14, 621
1,080
1,129
969
1,210
934
889
1,112
1,299
1,211
1,509
953
1,229
1,198
1,451
1, 004
1, 128
1,093
1,205
1,297
1,404
1,253
1,279
1,250
1,314
1,283
1,685
41,194
49, 289
3,612
4,668
3,441
4,209
4,838
3,900
4, 771
2,764
3,022
3,282
3,281
3,265
3,940
101 0
102 6
104 4
104 4
106.3
106 5
105 2
104.3
106 7
107.2
105.8
108.0
112.8
117.5
120.1
105.9
104.7
106.3
101.5
105.7
110.1
102.4
112.0
117.2
108.0
114. 2
119.4
112.8
120. 9
119.5
651. 30
506. 75
992. 90
827. 35
470.7
608. 75
524. 10
672. 30
554. 20
407. 6
64.20
50.90
60.75
49.85
376.0
55.15
45.85
45.30
39. 55
385. 9
60.40
54.50
40.90
33.35
405.4
49.85
44.15
58.90
47. 40
396.4
45.00
41.75
47.90
38.75
393.5
55.45
50.80
41.70
35.45
407.3
70.80
62.75
70. 65
62.60
407.5
51.16
47.95
39.60
33.65
419.0
60.80
55.25
46.40
40.10
433.4
95.70
77.35
56.75
48.15
472.4
66.70 ' 80. 45
57.20 T 69. 90
49.55 ' 57. 15
44.40 ' 48. 25
489.6 ' 512. 9
74.70
66.85
70.50
63.55
517. 1
261. 25
226. 60
450. 15
411. 60
234 8
252. 40
223. 20
325. 60
285. 60
161 8
20.85
17.85
28.45
26.90
182.6
22.85
20.35
19.45
17.15
186 0
17.90
14.65
21 65
16.90
182 3
25.40
24.60
21.90
18.65
185 8
21.05
16.25
27.30
20.75
179 6
22.60
18.45
26. 40
20.00
175.8
20.75
19.95
34.80
32.40
161.8
19.60
17.95
16.35
13.70
165.0
24.95
21.80
22.70
19.30
167.3
23.40
21.75
33. 50
28.85
157.2
27.65 ' 29. 75
26.50 '26. 00
26.35 23.65
21.95 T 21.50
158.5 164 6
40.40
39.00
33.40
29.95
171.6
1
18, 520 4 895
i 479 g
141.3
i 4 334 2 1 102
2
39.1
1166 9
4,051
109.2
2908
2
33.2
24 622 127
145
581. 1 1 640 9
7 470
177. 7
6,295
156.1
175
309 1165 343
1
847. 0 i ggi 9
40 448
238. 1
41 526
212.2
19, 436
464 6
*5
099
1
170. 5
1
1
79 5
14.1
1.8
59
13, 816
14, 811
1
1
1
80 2
5,795 3 1, 912 3 31, 838
157.9 351.5
49. 7
1.021
232.1
4 155
99.0
2
687
2
25. 9
r
r
112.6
2
'11,938
' 202. 5
6, 498
139. 9
'52,993 3 16,989 3 17, 942
' 313. 1 3 103. 1 s 108. 1
43 482
246. 2
ELECTRICAL EQUIPMENT
Batteries (auto, replacement), shipments
thous
Electronic components, factory sales:
Semiconductors:
Discrete devices
mil. $
Integrated circuits
do
Tubes, selected power and spec, purpose do
Microwave _
do
Electro-optical.. . .
do
High vacuum, gas, and vapor
do
Capacitors
do
Motors and generators:
New orders index qtrly
1967—100
37 863
Radio sets, total, production. _
Television sets (inel. combination), prod
16 406
9,483
thous
do
Household electrical appliances, factory sales:
Air conditioners (room)
thous._
Dishwashers*
do
Dispo sers (food waste) *
do
Ranges
do
Refrigerators
do
Washers
_ _
do
Dryers (incl. gas)
do
Vacuum cleaners.
do
*769
524
1335
144
1
91
1
80
483
98 3
39 144
2 528
2 848
3 606
4 402
4 310
4 264
4 160
3,804
3,654
2,826
1621
534
i 300
124
' * 80
*76
435
55,5
45.7
65.5
31.0
16.5
18.0
37 7
45.5
39.6
48.3
44.6
52.8
46.4
51.7
47.5
54.4
52.7
35.4
37.4
34.5
56.7
51.7
71 0
32.0
18.3
20.7
39.5
53.8
47.9
34.9
56.5
50.7
60.1
27.8
14.7
17.6
38.8
33.5
33.4
63. 7
57.9
77.0
34.6
22.0
20.4
38.9
87 0
983
705
60.7
56.9
60.3
57.3
35.5
34.8
85.5
86.5
85.5
90 7
18 579 4 1 690
11, 197 4 l', 114
2,249 ' 2, 558
2,669
37.8
v 103. 5
1,149 4 1, 843
844 4 1, 195
1 725
912
1,535 4 1, 928
941 4 1, 184
1,276
1,002
1,336
956
41,857
4 1, 286
1,616
1,012
1,420 .* 1,954
995 41,312
1,314
793
476.3
206.4
201.6
244.1
428. 8
412.8
347.4
748.8
541.9
227.9
212. 2
238.3
446.2
381.5
304.6
884.7
611.9
242.6
259.3
245.2
471.9
425.0
304.3
743.1
704.2
263.2
210.7
274.3
515.5
373.7
248.8
634.1
681.2
268.8
210.9
273.5
583.6
408.8
263.1
599.7
280.6
236.1
210.7
269.3
637. 4
406.9
272.2
5, 886
2 116
1 976
2 362
5 286
4 093
2 981
7 382
5,438
2 477
* 2 294
2? 714
5 691
*4 608
3*377
7*973
725.1
207 9
197.1
234.9
563.4
398 9
259 6
628 0
305.1
194.9
186.2
228.8
585.6
399.3
259 2
570. 9
149.5
232.8
200.0
254.5
576. 7
424.3
324 0
692. 2
118.3
220.9
239.2
233.0
507.8
495. 0
370.1
827.5
120.8
299.9
219.0
286.3
550.0
446.2
385 3
825.7
258.6
266.5
228.2
260.8
477. 5
409.2
354.7
712.7
320.8
200.4
199.8
232.2
406.5
366. 3
315 8
623.8
1 471
2 362
2,785
1 795
2 549
3,083
134 0
242.4
280.0
158 9
171 8
267.2
167 0
232.5
262.1
187 9
254.2
235.8
197 1
223.0
262.8
158 3
213.7
230.2
160. 7
159 8
169 8 r 153. 4
170 6
147 5
161 7
211.2 ' 221. 2 238.4
210.9
215.0
181*. 9
261.6
218.8 ' 267. 4 293.8 '304.2 ' 278. 0 ' 229. 7 217.0
407.5
262.9
243. 8
243.0
563.0
408.7
255.1
583.5
GAS EQUIPMENT (RESIDENTIAL)
Furnaces, gravity and forced-air shipments* thous
Ranges, total, sales*. _
do
Water heaters (storage), automatic, sales*
do...
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
____thous. sh. tons.. » 9, 481 ' 8, 584
810
r620
618
Exports
do
36
76
789
671
66
Price, wholesale, chestnut, f.o.b. car at mine
$ per sh. ton.. 16. 565 17. 673 16. 856 17.346 17. 346
Bituminous:
Production.,
_
.___ thous. sh. tons.. 602,932 ' 548,321 48,910 ' 39,535 55,768
' Revised. 2 v Preliminary.
* Annual data; monthly or quarterly revisions are3 not
available.
Excludes
figures for rubber-tired dozers (included for other periods).
For
4
month shown.
Data cover 5 weeks; other periods, 4 weeks.
^Effective with the Apr. 1972 SURVEY, index reflects new seasonal factors. Revisions for
1969-71 appear at bottom of p. S-34 of the Apr. 1972 SURVEY.
*New series. Industrial supplies (marketed through distributors)—orders index (American
765
105
708
17
683
36
654
66
558
29
518
64
596
26
467
25
676
77
'493
87
367
17. 444
17.346
17.346
17. 346
17. 738
17.738
17.738
17. 738
17.738
17. 738
17. 738
54,042 11,768 26, 133 55,599 47,520 46,325 51,040 49, 840 53,020 ' 49,565 39,765
Supply & Machinery Mfrs. Assn.), based on 2-month moving average of selected members,
new orders, is also adjusted for number of working days. Sales index (National and Southern
Industrial Distributors Assns.) is based on selected panel of members' operations which cover
national sales for maintenance, repair, and operations for all types of industries. Dishwashers
and disposers (Assn. of Home Appliance Mfrs.) and gas equipment (Gas Appliance Mfrs.
Assn.) reflect total industry sales. Monthly data prior to 1971 are available upon request.
SUKVEY OF CURRENT BUSINESS
August 1972
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
j 1971
Annual
S-35
1971
June
July
Aug.
Sept.
1972
Oct.
Nov.
Dec.
Jan.
Feb.
Apr.
Mar.
May
June
July
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL— Continued
Bituminous— Continued
Industrial consumption and retail deliveries,
total 9 - • _ _
thous. sh. tons 4617,158 22494,873
* 320,460 326,280
Electric power utilities
_do
4 184,328 2167,035
Mfg. and mining industries, total
do
496,009 282,820
Coke plants (oven and beehive)
. do
Retail deliveries to other consumers
412,072
do
Stocks, industrial and retail dealers', end of period,
total.
thous. sh. tons..
Electric power utilities.
_do
Mfg. and mining industries, total
do
Oven-coke plants
_ _ _ _ „ _ do
Retail dealers __
40,63
28,004
12,43
7,00
38,55
27,78
10,07
5,16
44,399
30,074
12, 572
6, 872
95
1,224
1,315
1,443
1, 753
1,336
92, 908
75, 788
16, 730
7,850
93,356
75, 813
17, 168
8,118
87, 423
85,147
91, 722
97,457
86,360
74,946
10, 849
8, 617
10,369
11, 818
7, 988
5,381
94,021
76,987
16,759
7,199
(8)
540
40, 832
28, 294
11,087
6,152
(3)
(3)
995
36,41
25, 944
9, 150
4,67
394,021
76, 987
3 16. 759
8,924
7,199
670
40,024
25,13
14,33
7,423
36, 379
25,167
9,971
5,699
100
16
43,55 "44,224
28,732 28,26
13,490 14,967
6,775 7, 458
38,31
27,05
10,28
5,81
11, 351
71, 295
do
3275
97,855 103, 702
78. 980 83, 689
18,545 19,703
8,560 9,343
275
390
375
330
310
70,908
56 633
5,679
4,174
7,107
6,766
3,460
1,318
4,204
3,660
3 631
4,624
4,915
5,416
4,882
7.641
9.647
9.696
11. 209
9.719
11.200
9.719
10. 890
9.719
10. 890
9.719
10. 890
9.719
10. 940
9.719
10.940
10. 131
11. 388
10. 266
11.446
10. 266
11.446
10. 266
11. 446
10. 146
11. 120
10.146
11. 120
10. 146
11. 120
2 730
tons
4871
do
465,654 2 56, 664
do. . 4 21, 574
21, 823
76
6,268
1,821
67
4,816
1,835
55
3,455
1,950
54
3,976
1,787
38
3,961
1,863
32
3,220
1 783
56
4,200
1,853
49
4 7fi^
1,898
53
4,651
1,883
61
6,076
1,912
55
6,091
1,770
51
5,236
1,813
53
4,976
Exports
do
Prices, wholesale:
Screenings, indust. use, f.o.b. mine
$ per sh. ton_
Domestic, large sizes, f.o.b. mine
do
COKE
Production:
Beehive....--thous. sh
Oven (byproduct)
Petroleum coke§
Stocks, end of period:
Oven-coke plants, total
_
At furnace plants. _ _
__
A t merchant plants, _ _ _ - _ _
Petroleum coke....
____' _ _
Exports
_
2
41,92
28,15
13,64
7,72
do,
do__ _
do
do_
do
4,113
4,018
95
1.059
2,514
3, 510
3,385
125
1,489
1,509
3,163
'3,093
'60
1, 192
126
3,401
3,309
92
1,319
171
38818
3,715
103
1,539
175
4,070
3,939
131
1,900
136
4,143
4,000
143
1,793
92
3,596
3,483
113
1,684
36
3,510
3,385
125
1,489
42
3,585
3,446
139
1,610
68
3,611
3,466
146
1,760
63
3,323
3,139
184
1,601
77
3,111
2,900
211
1,549
95
3,022
2,795
227
1,537
151
2,907
2,643
263
13, 020
3.23
3, 967. 6
490
11,804
3.41
4,087.8
86
998
3.41
344.6
89
925
3.41
355.0
88
886
3.41
352.4
87
959
3.41
334.0
85
921
3.41
345.5
85
967
3.41
333.6
85
1, 330
3.41
351.5
86
807
3.41
353.1
85
965
3.41
329.4
85
1,210
3.41
351.8
85
923
3.41
335.6
84
920
3.41
355.9
86.0
1,042
3.41
10.146
11. 120
107
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed, _ _ _ _ _ „
Price at wells (Oklahoma)
Runs to stills__
Refinery operating ratio
number
$perbbl
mil. bbl
% of capacity
All oils, supply, demand,
and stocks :
New supply, totalrf1
Production:
Crude petroleum
Natural-gas plant liquids.
Imports:
Crude and unfinished oils
Refined products...
__
2
mil. bbl
45,377.7
5,532. 7
453.5
466.8
465.2
447.6
460.7
455.6
497.4
483.3
460.6
497. 2 ' 467. 2
490.1
do
__do_
4 3,517.4
612.2
3,478.2
2623.9
290.1
51.1
295.3
52.6
293.8
62.7
276. 0
60.9
286.0
52.8
276.0
51.2
284.0
56.1
282.6
52,9
268.9
50.8
293. 1
55,2
284.7
53.4
300.6
54.1
522.6
725. 5
658.6
758.7
53.9
57.6
59.2
59.0
63.4
53.7
61.4
57.5
64.0
56.3
63.4
63.8
71.3
84.1
68.9
77.1
64.5
74.7
67.3
79.4
63.7
' 63. 6
69.5
63.2
do
do
4
Change in stocks, all oils (decrease,-)
do
37.7
26.1
17.6
32.4
29.7
17.8
13.9
-49.8
-21.8
'4.3
37.8
Demand, total________
Exports:
Crude petroleum
Refined products
Domestic demand, total 9
Gasoline
Kerosene
do
4 5,332.2
5,497. 2
435.9
434.1
435.4
429.2
443. 9
476.3
525. 2
512.5
513. 2
520.2
462.2
454. 2
do
do
do
do
do
5.0
489.5
45,237.7
42,131.3
96.0
.5
81.2
5,415.5
2, 213. 2
90.9
0
7.2
428. 7
195.1
4.5
0
5.5
428.6
201.0
4.4
0
6.7.
428.7
197.0
4.5
.1
5.7
423.4
183.6
5.9
C1)
5.9
438.0
188.6
6.8
0
8.1
468.2
184.6
8.6
0
6.6
518.6
189.3
11.3
0
5.2
507.3
173.2
11.8
0
4.7
508.5
166.9
10.7
0
9.0
511. 2
200.4
8.8
.2
7.2
454.9
190.0
5.3
0
6.2
448.1
201. 2
4.4
do
do
Hn
927.2
804.3
4353.0
971.3
837.9
366.6
60.1
59.5
31.2
54.4
59.6
30.5
56.1
55.7
32.0
61.2
62.2
30.3
65.6
59.8
32.2
85.4
77. 2
30.5
113. 6
87.2
32.3
115.4
87.3
31.6
121.2
92.0
33.1
108.1
83.2
31.2
'83.3
73.3
29.6
69.8
65.4
31.0
153 5
446. 8
1 CO e
1Q Q
1O A.
2456.8
30.1
30.4
33.5
3.6
19.3
35.0
4.5
17.2
39.4
3.8
12.2
44.2
3.9
6.4
51.8
3.8
5.7
53.7
4.1
6.1
50.4
4.6
7.5
43.5
4.6
10.1
35. 0
4.5
15.7
30. 5
1,017.9
276.4
106.0
635. 5
1, 043. 9
259.6
106.8
677.5
003.5
279. 3
109.5
614.7
, 036. 0
273. 2
110.4
652.4
066.7
272.4
107.0
686.3
083. 5
269.8
105. 9
707.8
097.4 1,075.2
265.9 265,6
109.8
110. 3
721. 7
699.4
043.9
259.6
106. 8
677.5
013.9
251.0
109.2
653.8
964.1
252.9
105. 6
605.5
942.3
258.9
109.8
673.6
946.6
266.6
113.6
566.4
984.4
279.5
116.3
588.6
2, 105. 3
1.4
214.3
2, 202. 6
1.6
223.8
181.4
192.7
.1
207. 2
196.6
.1
208.4
186.1
.3
212.3
188. 2
214*. 0
212. 9
183.1
.1
213. 6
196.9
.1
223.8
192.6
.1
244.6
175.2
.1
254.8
184.9
.1
241.2
176.8
.1
229.5
188.6
.1
219.2
Distillate fuel oil
Residual fuel oil _
Jet fuel
Lubricants
Asphalt
Liquefied gases.
_
__ _ _
Stocks, end of period, total _._
Unfinished oils, natural gasoline, etc
Refined products
Refined petroleum products:
Gasoline (incl. aviation):
Production....,
,
Stocks, end of period
do
do
do
do
do
do
do
do.___
4
49.4
Prices (excl. aviation) :
Wholesale, ref. (Okla., group 3 ) _ _ _ $ per gal
.120
.119
.120
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
$ per gal
.252
.246
.254
Aviation gasoline:
-*pergai__
Production
mil. bbl
19.7
18.5
1.5
Exports
do
1.2
.9
.1
Stocks, end of period
do
5.1
4.4
4.4
Kerosene:
Production
.__
do
95.7
87.5
6.6
Stocks, end of period
do
24.4
23.6
27.8
Price, wholesale, bulk lots (N.Y. Harbor)
$pergal_.
.118
. 126 . 127
T
Revised.
1
Less than 50 thousand barrels.
2 Reflects revisions not airailableb:y months
s4 Data for 1970 not available; monthly data for 197 1 will be shown la ter.
Corresponding monthly revisions will be shown later.
' (Corrected.
-22.2
-31.3
-30.0
r
833
3.41
.120
.120
.120
.118
. 118
.118
.118
.115
.115
.120
.120
.120
. 120
.268
.264
.266
.244
.257
.251
.255
.233
.238
.228
.236
.240
.235
1.5
.1
4.2
1.9
.1
4.1
2.1
.2
4.4
1.6
4.4
1.5
.1
4.6
1.1
.1
4.4
1.6
.1
4.7
1.2
(0
4.6
1.2
.1
4.0
4.0
7.2
26.4
6.1
28.0
5.6
27.8
7.2
28.2
7.1
26.8
8.9
24.4
8.7
21.3
6.8
17.4
7.1
15.7
5.9
16.4
.127
.127
.127
.127
.127
.127
.127
.127
.127
.127
.127
.127
.127
cTlneludes sinail ani(mnts of "other 1xydrocarl3ons ancI hydrogen refine$ry inpu t," not
shown separate] y.
9Inc ludes da tanot sh own sepejrately.
§ Inchides nommarketaT:>le cataljrst coke.
(0
1.4
0)
1.5
0)
4.1
5.2
17.1
S-36
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
Annual
August 1972
1971
June
July
1972
Sept.
Aug.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
77.0
6.4
.1
122.2
79. 6
8.1
.1
101.8
74.4
5.7
.2
* 98, 3
80.3
4.1
.1
112.9
May
June
July
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Distillate fuel oil:
Production.
- mil. bbl__
Imports
do
Exports
do__ _
Stocks end of period
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per galResidual fuel oil:
Production
mil. bbl
Imports
do
Exports
do __
Stocks, end of period
_
do
Price, wholesale (Okla., No. 6). •„_$ per bbL.
897.1
53.8
.9
195 3
912.1
55.8
2.8
190. 6
76.8
3.5
.4
145 8
77.8
3.3
.3
172 4
77.6
2.8
.3
197.0
71.3
3.0
.1
210.1
74.8
3.7
.1
223 0
72.2
5.1
.2
214. S
78.4
11.0
.1
190. 6
78.8
6.1
' .1
160.1
.108
.116
.117
.117
.117
.117
.117
.117
.117
.117
.117
.117
.117
.117
.117
.117
257. 5
557.8
19.8
54.0
2.25
274.7
577.5
13. 2
59.7
2.37
20 0
43.5
1.1
58.7
2.35
20.0
45.2
1.0
63.7
2.35
19.2
39.7
1.4
65.9
2.35
19.7
43.5
.9
66.5
2.35
19.7
42.6
.9
68.5
2.35
22.3
47.1
1.2.
59.9
2.35
27.6
59.5
.5
69.7
2.35
28.6
58.7
.5
59.4
2.35
27.9
55.8
.5
50.9
2.35
25.7
59.7
1.8
51.6
2.35
22.2
50.3
1.5
49.4
2.35
20.6
48.8
.6
53.0
2.35
2.35
2. 35
301.9
27. 6
304.7
27.7
25.3
28.8
24.4
28.8
24.9
27.7
25.0
28.1
26.3
27.2
26.1
27.9
25.8
27. 7
24.3
25.9
26.1
25.2
28.1
27.1
26.3
27.6
27.5
28.9
66.2
16.1
14 7
65.5
15.8
15.0
5.8
1.0
15.4
5.7
1.4
15.1
5.6
1.6
14.8
5.2
1.3
15.0
6.5
1.1
14.9
5.1
1.3
14.9
5.2
1.2
15.0
5.5
1.4
15.3
4.9
1.0
15.1
5.4
1.5
14.4
5.2
1.3
13.7
5.7
1.1
13.7
270
270
270
270
.270
270
.270
.270
.270
mil. bbl
do
146.7
15.8
157.0
21.2
16.3
25.2
17.4
23.8
17.4
20.2
16.2
18.1
15.0
16.5
12.8
17.6
9.8
21.2
8.2
24.1
8.1
26.6
10.0
29.2
11.4
31.0
14.9
31.0
Liquefied gases (incl. ethane and ethylene):
Production total
mil bbl
At gas processing plants (L P G )
do
At refineries ( L E G )
do
Stocks (at plants and refineries)
do
525.6
399 6
126.0
67.0
547. 9
417.6
130.2
94.7
44.5
11.4
83.9
45.5
34.0
11.5
95.1
47.1
35.3
11.8
104.0
44.4
34.3
10.1
108.1
46.2
35.8
10.4
109.4
45.0
35.1
10.0
103.6
50. 0
38.8
11.1
94.7
47.2
36.7
10.5
82.4
45.7
35.3
10.4
71.9
49.0
37.9
11.2
72.7
47.4
36.5
10.8
79.9
48.1
36.8
11. 3
92.7
83 179
34 756
48 423
93 365
35* 684
57 682
8 790
3 091
5 700
8 296
3*042
5 254
8 928
3,348
5,580
9 583
3,767
5 816
9 051
3,500
5,551
7 672
2,' 986
4 686
6 766
2*772
3 994
(3)
(3)
260
334
848
189
374
899
15
32
81
11
39
78
15
35
76
14
32
80
12
36
81
13
33
71
15
29
73
(3)
(3)
Jet fuel:
Production
Stocks end of period
mil. bbl
do
Lubricants:
Production
do
Exports
do
Stocks end of period
do
Price, 'wholesale, bright stock (midcontinent,
f o b Tulsa)
$ per gal
Asphalt:
Production
Stocks end of period
Asphalt and tar products, shipments:
Roll roofing and cap sheet
do
Asphalt siding
do
Saturated felts
thous sh tons
oo -I
.270
.270
(3)
(3)
PULP, PAPER, AND PAPER PRODUCTS
PULP WOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
Stocks end of period
Waste paper:
6,473
5,445
5,134
5,503
5,185
5,460
5,621
5,671
5,423
5,238
5,434
5,207
5, 229
5,084
5,371
5,254
5,663
4,909
5,296
5,422
4,819
6,815
5,790
4,797
5,449
5, 655
4,578
5,457
5,732
4, 305
877
491
5,180
5,074
5,195
755
516
885
482
883
506
939
499
861
499
828
558
874
522
901
498
974
506
'914
'504
972
519
43 960
1,684
28 790
2,062
3,679
130
2,427
160
3,450
128
2,282
148
3,805
138
2,483
174
3,593
127
2,313
161
4,072
145
2,617
191
3,808
140
2,446
173
3,499
138
2,219
159
3,866
149
2,544
162
3,765
140
2, 494
164
3,778 '3,893
151
147
2,594
2,695
189
181
4,013
135
2,688
189
4 404
2 095
3 646
4,778
2 814
3 832
373
275
314
335
257
300
386
292
331
432
240
322
483
278
358
467
236
346
423
240
320
440
270
302
419
242
306
398
(3)
345
379
254
339
393
256
350
do
do
do
do
923
384
470
69
1 093
623
398
71
1,076
611
386
79
1,063
612
380
71
1,073
609
387
77
1,044
582
385
78
1,003
637
288
78
1,154
697
381
76
1,093
623
398
71
1,077
632
379
65
1,026
589
374
63
1,003
544
393
67
984
'548
'362
'75
972
492
403
77
Exports, all grades total
Dissolving and special alpha
All other
do
do
do
1 3,1 755
869
* 2, 886
2 175
'790
1 385
199
78
121
117
42
75
162
59
103
240
95
145
112
48
161
142
52
89
235
76
159
185
73
112
171
61
110
171
59
113
184
66
119
217
68
150
176
62
114
Imports, all grades, total
Dissolving and special alpha
All other
do
do
do
3538
1273
3,265
3 515
'313
3 202
338
31
308
270
30
240
296
28
269
275
22
254
262
27
289
307
15
322
298
25
274
309
15
294
300
30
270
340
24
316
325
26
300
290
24
266
309
16
293
52 210
22,975
24, 943
158
4 135
54 180
23^440
25, 846
156
4 737
4 604
1,967
2, 214
15
408
4 218
1,796
2,027
13
382
4 622
1,959
2.233
13
416
4 411
1,' 883
2, 109
11
409
4 897
2J134
2,318
10
435
4 580
1,992
4 299
1,900
4,769
2, 087
4 751 ' 5, 222 ' 4, 828
2,230 '2,055
2,051
5,236
2, 209
9
398
9
381
10
384
11
409
12
'460
11
'442
12
448
109.2
101.1
101. 2
110.6
102.4
103.0
112. 0
102.8
103.2
109.2
102.8
103.6
109.2
102.8
104.3
109.2
102.8
104.5
109.2
102.9
104.6
109.2
102.9
104.7
109.2
102.7
104.6
109.2
102,7
104.7
109.2
103.5
104. 7
109.2
103.6
105.6
108.5
105.6
106.1
108.5
105.8
106.5
68 897
67, 524
5,873
63, 661
64,331
5,371
5,540
5,463
4, 982
10 530
571
10 265
558
43 663
1,705
29 519
2 294
do
do
Stocks, end of period:
Total all mills
Pulp mills
Paper and board mills
Nonpaper mills
thous cords (128 cu ft )
do
do
Stocks end of period
WOODPULP
Production:
Total all grades
Dissolving and special alpha
Sulfate
Sulfite
do
thous sh tons
do
do
do
Groundwood
Defibrated or exploded
1
1
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census) :
Paper
Paperboard
Wet-machine board
Construction t)aper and board
Wholesale price indexes:
Book paper, A grade
Paperboard
_ _• _
Building paper and board
._
do
do
do
do
1967=100
do
do
'1Revised.
Reported annual total; revisions not allocated to the months.
2 Less than 50 thousand barrels.
3 Series discontinued.
108.5
106.0
106.6
108.8
106.0
106.8
S-37
SURVEY OF .CURRENT BUSINESS
August 1972
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
Annual
1972
1971
1971
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS-rCon.
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
Book paper, uncoated:
Orders, new
do. __
Shipments
-do
Writing and related papers:
Orders new
do
Shipments
do
Unbleached kraft packaging and industrial eonverting papers:
Orders, new
..
--- - — do
Orders unfilled end of period
do
Shipments
do_
Tissue paper production
do
Newsprint:
Canada:
Production
Shipments from mills
Stocks at mills end of period
United States:
Production
__
_
Shipments from mills
Stocks at mills, end of period
107
127
90
96
118
107
97
115
100
115
117
112
96
88
113
100
80
114
113
86
103
105
83
104
114
92
103
102
86
97
126
106
113
106
94
110
289
304
248
274
300
279
257
287
270
289
289
285
275
279
285
257
287
277
289
249
279
281
238
272
306
261
303
270
248
271
276
264
276
279
292
253
214
221
211
194
214
219
217
203
229
220
209
210
212
208
220
221
217
211
261
241
236
232
251
238
227
224
2, 936
2,946
250
252
249
222
265
255
237
247
244
253
210
235
238
236
250
251
254
247
290
280
254
255
287
276
263
265
111
3,765
3,671
3,868
156
3,755
3 765
336
148
328
320
296
127
280
268
328
152
303
309
319
169
314
300
339
170
326
348
349
171
336
327
307
156
327
308
348
168
326
327
323
171
322
315
357
175
346
341
'317
' 157
'314
330
356
179
335
336
353
197
340
330
do
do
do
8,607
8,592
236
8.297
8,210
638
654
371
643
621
394
678
697
375
692
680
387
786
760
413
758
762
409
698
784
323
725
604
445
663
619
489
685
673
501
723
727
498
735
725
508
733
753
488
do_
do
do
3,310
3,303
3,296
3 288
41
277
273
103
252
259
96
279
277
98
254
267
85
289
280
94
285
302
76
257
292
41
289
277
53
278
266
66
290
288
68
283
275
76
303
305
74
283
287
70
1,245
1,216
1,240
1 220
3, 163
183
3,260
3 250
290
263
265
2,396
2,476
2,643
2, 550
2,869
2,873
3,714
90
33
80
3 256
287
323
112
108
101
r
Consumption by publisherscT
do
Stocks at and in transit to publishers, end of
period _
-- thous. sh. tons
7, 130
7 057
569
529
558
580
653
643
629
570
571
642
638
663
613
749
705
687
672
699
685
682
704
705
711
699
664
647
617
610
Imports
_
do
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
$ per sh. ton..
6,635
6,881
640
501
547
608
607
610
635
591
504
550
590
609
611
150. 50
157.00
158. 10
158. 10
158. 10
158.10
158.10
158. 10
158. 10
159.70
161. 70
163. 70
163.70
163. 70
163.70
163.70
Paperboard (American Paper Institute):
Orders, new (weekly avg.)
thous. sh. tons..
Orders, unfilled §
do
Production, total (weekly avg.)
do
349
742
489
474
917
501
509
830
510
497
975
463
631
1,039
516
500
1,000
494
536
1,003
528
532
1,003
517
474
917
461
521
976
504
560
1,010
539
583
1,087
559
574
1,199
552
596
1,280
573
590
1,332
562
519
1,399
520
191,832
17,192
15,470
16,412
17,144
17,280
16,653
2 445.0
1 250.0
209.6
106.6
186. 7
95.2
204 4
105.9
208.4
109.5
208 8
109.5
204 9
105.0
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
mil. sq. ft. surf. area-- 185,864
Folding paper boxes
thous. sh tons
mil $
2 490 0
T,225 0
15,866 ' 15,453 ' 16,302 ' 18,358 ' 16,579 " 17,676 ' 18,939 '14,697
216.1
109. 5
204 1
105 6
194 2
101 3
47.99
133.32
56.40
55.31
128.01
57.89
52 66
128 03
51.72
218 7
113 5
204 4
105 2
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous. Ig. tons
Stocks, end of period
do ..
Imports, incl. latex and guayule
do. ..
559. 32
102. 60
549. 92
677. 81
'133.32
612. 72
49.92
104. 93
74.53
41.63
121.96
47.62
48.84
125.61
69. 57
51.38
131. 35
64.25
Price, wholesale, smoked sheets (N .¥.)__$ per lb_.
.218
.180
.178
.166
.180
.179
.176
.173
.171
.180
.178
thous. Ig. tons.. 2,197.00 2,241.00
. . do
1,917.85 2,104.87
514. 78 ' 488. 17
do
182.10
184. 45
487. 79
187.50
152. 08
505,30
186. 98
176. 68
483.90
187.02
186. 07
468. 25
193.81
190.33
462. 10
194, 90
173. 34
480.28
196. 14
178.65
488.17
199.99
18277
487.44
192. 96
187 33
478. 73
Synthetic rubber:
Production
__
Consumption
Stocks, end of period
Exports (Bu. of Census). ...
Reclaimed rubber:
Production.
Consumption
Stocks, end of period
__
do._
do
do
do
..
51.82
47.71
124.92 126.36
44. 68
42.07
59 12 ' 51. 91
133. 22 ' 129.71
47.62
63.95
54 09
117.03
49. 79
36.43
.165
.169
.173
210. 13 208. 74
201. 96 ' 190.30
480. 11 ' 492.71
210. 74
197 44
491.38
.170
290.06
269. 82
20.78
24.41
29.41
35.01
14.22
9.76
15.51
26 84
26.72
20.02
200. 56
199. 57
27.58
199.19
200.47
* 22. 67
16. 66
16.76
25. 71
14.80
13.11
26.31
15.32
16.65
25.44
16. 37
17. 02
23.51
16.88
17.82
21.85
16 81
15.28
22.50
15.88
16.02
22.67
15 76
16.42
21.00
17 02
16 91
21.38
19 24
17.96
21.98
16.75
19.99
.175
18 14
' 17 78 18 54
16 04
16 50
22.60
22.91
TIRES AND TUBES
Pneumatic casings, automotive:
Production..
thous.. 190,403
213, 110 '18,911
15, 739
17,351
18, 889
19, 113
17 134
17,589
19, 074
19,143
20 597
19, 009
19 725
20 256
Shipments, total.. ..
Original equipment.. _
Replacement equipment
Exports..
_
_
do
194, 541
do.... 46, 135
do
146,508
do .
1,898
211 217 ' 21, 867
55, 860 ' 5, 287
153, 405 '16,416
164
1,952
16 355
2,649
13, 652
17, 478
4,047
13, 248
183
18 503
5^ 170
13, 248
16 392
4,' 936
11, 345
13 814
4/318
9,315
15 091
5,038
9,849
16 062
5*245
10,644
20 317
6,019
14* 130
21 668
5,601
15i 905
21 215
6,957
15, 092
21 277
154
20 280
5,138
15,008
60, 231
Stocks , end of period
Exports (Bu. of Census).
Inner tubes, automotive:
Production
_
Shipments
Stocks, end of period _ _
Exports (Bu. of Census) .
.
.
„„+ .
_ ..
86
do
do -
50, 175
1,531
54,992 '50,821
1,589
139
50, 189
103
113
49,245
122
do
do
do
do .
35, 687
41 005
9,718
1,002
35 562
40 476
8*271
2,801
3 760
8,872
86
2,523
3 317
8 477
73
2, 792
3 278
8,242
46
3 210
3 746
8' 003
979
' Revised.
* Preliminary.
cf As reported by publishers accounting for about 75 percent of total newsprint consumption.
133
'81
111
180
49, 927
50, 824
108
92
64,992
113
3 112
3 639
7 891
2 847
3*092
8*110
' 79
2 863
3 035
8*271
' 99
59
203
162
5*, 348
15 685
243
173
167
59, 394
62, 705
136
60, 918
59 753
58 822
129
63, 255
3 390
3 607
8 627
3 477
3 532
8 877
3 749
4 041
9*056
3 839
3*507
9 262
82
3 496
3 644
9 494
3 365
3 697
101
79
160
74
150
166
167
61
215
9*810
68
§ Monthly data are averages for the 4-week period ending on Saturday nearest the end of the
month; annual data are as of Dec. 31.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1971
1970
Annual
August 1972
1971
June
July
Sept.
Aug.
197
2
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
45 043
July
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments,finishedcement
.-.
thous. bbl
1390,461
r
1420, 239 44, 149
42 212
45 136
42 617
43 069
35 954
26 212
22 399
23 910
32 229
34 612
42 234
757.8
13.8
175.6
677.5
12,9
173.0
741.7
13 3
173 4
733.9
12.4
155.1
720 2
11 9
148 5
651.6
11 1
143 0
561.3
9 9
113.9
507. 2
545.4
10 3
109 1
742 1
9 4
144 1
'701.3
'8.0
'144.0
805. 0
10.3
160.4
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick.. 6, 496. 0
Structural tile, except facing
thous. sh. tons..
181.0
Sewer pipe and fittings, vitrified
do
1, 622. 3
Facing tile (hollow) , glazed and unglazed
mil. brick equivalent- _
173.0
Floor and wall tile and accessories, glazed and un250.4
glazed
--.
___mil.'sq. ft_.
Price index, brick (common), f.o.b. plant or
N Y. dock
—
1967=100.
112 2
7, 569.7
157. 0
1, 720. 6
9.2
109.9
155.4
14.0
12.9
13.9
12.7
13.0
12.2
11.1
9.2
8.9
10 8
10.5
12. 0
276.1
25.5
23.2
25.2
24.3
24/3
23.8
22.2
22.7
23.6
28 1
25.0
27.7
117 4
117 4
117 4
118 4
118 4
118 4
118 4
118 4
118 3
121 2
121 4
122 0
129 1
122 1
122 1
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments
thous. $.. r 384,790 ' 464,674
_
Sheet (window) glass, shipments. _ _ _
Plate and other flat glass, shipments
Glass containers:
Production..
__do
_do
131, 551
r
253,239
thous. gross _ _ 1268,959
Shipments, domestic, total
Narrow -neck containers:
Food Beverage
Beer
Liquor and wine
.
119,950
' 129,930
131 969
133 248
150, 344
T
314,330
35, 589
r7
77,632
40, 773
' 79 177
41, 036
r
88 894
40 821
91 148
40,235
93 013
263,780
23635
21 943
25176
21 993
23,544
19986
18359
20, 731
21, 533
23 239
21 903 ' 23,350
1266,031
255 261
24 582
22490
28 931
21 322
19 949
19 186
20 633
19, 160
20, 185
26 081
19288 ' 23 650 24 409
do
do
do
do
i 24,878
l 69, 854
52, 626
l 21, 142
24, 310
67, 552
53 189
21 146
2,053
7,398
5 483
1 832
1,900
6,928
5 336
1 464
3 301
7 026
5 937
2 241
2 632
5,211
4 053
1 800
1,670
4,753
3 624
1 867
1,605
5,130
3 455
1 856
1,572
6,074
3 918
1,896
1,869
4,789
3,433
1,748
2, 150
5,238
3,522
1,664
2
7
4
2
58,632
379
57, 208
5,096
20
4,693
21
7 030
4 999
5,219
4 476
305
29
27
26
30
4,704
24
4,600
23
4,668
17
27,645
3,906
2,348
352
1,822
2 907
2,293
307
2,478
312
2,324
'310
2,169
2,391
460
276
307
37 091
35 652
39,159
38 501
34401
34 523
37 600
38 403
35,652
36, 229
9,462
8 654
10, 437
10 224
2,622
2 510
2 816
2 798
2,788
2 723
2,719
2,854
do
6,128
6,262
1,617
1,806
1,565
1,639
do_ __
4,219
i 4, 305
1,264
1,216
1,101
863
265
268
69
67
69
70
88
128
86
122
3,349
118
79
77
Narrow-neck and Wide-mouth containers:
34, 252
Medicinal and toilet
__ __ do
Household and industrial
do__ . . 14,268
.
r
113,221
do
Wide-mouth containers:
Food (incl. packer's tumblers, jelly glasses,
and fruit jars)
. _ _ thous. gross. _
Dairy products
do
Stocks, end of period
r7
do__
326
1, 837
5,119
4,551
1,679
24 736
' 2, 091
' 6, 999
r
5, 016
r
1, 961
2 033
6,904
5 731
2 054
5,873
22
3,799 ' 4, 803
21
12
4,870
19
2,547
379
3, 066
1, 982
2,419
340
2,446
352
37, 593
34, 666
37,141 ' 36,487
36, 449
469
178
923
111
439
309
GYPSUM AND PRODUCTS (QTRLY)
Production:
Crude gypsum
Calcined
_.
Imports, crude gypsum...
thous. sh. tons
do
_
Sales of gypsum products:
Uncalcined
_ - _ _- _ _
Calcined:
Indusrtial plasters
Building plasters:
Regular basecoat
All other (incl. Keene's cement)
Board products, tota!0
Lath
Veneer base
Gypsum sheathing
Regular gypsum board
Type X gypsum board
Predecorated wallboard
_
do
do
do
mil. sq. ft
do
do
do
do
do
do_ _ _
382
408
535
588
9,742 i 11, 946
477
292
272
9, 015
1 766
122
102
140
98
149
3,285
126
85
76
2 484
'479
35
2 929
116
72
75
2 198
437
31
3,190
118
76
70
2,512
2,415
525
39
478
33
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills:
Production total 9
mil linear yd
Cotton
do
Manmade
fiber
do
11 545
6,395
4 991
11 117
6 281
4 735
2 i 073
2
598
2
465
657
353
297
848 2 1 062
2598
474
2457
367
892
503
383
882
493
383
21 009
2564
2
438
905
504
394
920
508
405
1 301
1 233
1 208 1 202
1 095
1 094
480
605
482
604
1, 096
521
668
1 141
517
679
491
596
496
599
2 599
l', 507
1 068
2 425
1,395
1 007
2 393
1,352
1 018
2 552
l) 446
1 081
2 717
1, 523
1,168
2,884
1,608
1,252
880
4 605
7 916 38 217
49,744
Stocks total, end of period 9 d*
Cotton
Manmade
fiber
do
do
do
1 471
1 094
Orders, unfilled, total end of period 9 If
Cotton
-,.
Manmade
fiber
do
do
do
2 434
1, 525
2 717
1,523
1 168
592
867
866
482
604
549
740
507
714
2 701
2 703
1 617 1 596
1 055 1 078
507
624
2
1,2 142
632
2502
899
494
397
923
500
414
1,104
1,085
1,055
1,043
3,070
1,760
1,282
3,183
1,815
1,339
3,226
1,759
1,437
3,404
1,924
1,449
485
591
480
566
463
571
COTTON
Cotton (excluding linters):
Production:
Ginnings^
thous running bales
10 112
10 229
365
' 123
Crop estimate, 480-pound" bales, net weight
10 192
thous bales
10 477
2 797
Consumption
do
515
637
7 878
8 128
Stocks in the United States, total, end of period
4,252 14,276
thous. bales.. 11, 900
10, 185
4,896
Domestic cotton, total
do. _
11, 886
4,236 14,261
4,880
10, 166
1,482
On farms and in transit
do
400 11, 052
451
2,389
2,206
Public storage and compresses
do.._
9,257
1,707
2,700
6 547
1,630
1,502
1, 147
Consuming establishments
do
1,730
1,230
Foreign cotton, total
' . ...
do.
15
14
16
19
15
1
'2 Revised.
Reported annual total; revisions not
allocated
to
the
months
or
quarter.
3
Data cover 5 weeks; other months, 4 weeks.
Ginnings to Dec. 13.7 4 Ginnings to
Jan. 16.
« Crop for the year 1971.
6 Aug. 1 estimate of 1972 crop.
Revisions for 1st
qtr. 1971: Total, 101,573; plate and other, 68,627.
O Data for total board products are available back to 1947; however, no comparable data prior to 1971 are available for the components.
9 Includes data not shown separately.
2
771
13, 165
13,144
10,403
1,488
1,253
633
12, 162
12, 146
7,123
3,957
1,066
642
11, 247
11, 232
3,747
6,462
1,023
2727
10, 185
10, 166
2,389
6,547
1,230
5
632
649
9,088
9,064
1,399
6,315
1,350
24
7,642
7,614
878
5,140
1,596
28
10, 229
40
s 10, 477
2
808
6 13,343
6,474
6,448
602
4,047
1,799
26
620
627
r 2772
491
5,555
5,526
377
3,253
1,896
29
4,597
4,573
161
2,572
1,840
24
'3,808
'3,785
119
' 1, 997
'1,669
3,315
3,290
150
1,610
1,530
'23
24
15
19
21
16
cf Stocks (owned by weaving mills and billed and held for others) exclude bedsheeting,
toweling, and blanketing, and billed and held stocks of denims.
HUnfilled orders cover wcol apparel (including polyester-wool) finished fabrics; production
and stocks exclude figures for such finished fabrics. Orders also exclude bedsheeting, toweling,
and blanketing.
ATotal ginnings to end of month indicated, except as noted.
SURVEY OF CURRENT BUSINESS
August 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
S-39
1971
1971
Annual
June
July
Aug.
Sept.
1972
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
TEXTILE PRODUCTS—Continued
COTTON-Continued
Cotton (excluding llnters)— Continued
Exports.
_.
.. . thous. bales..
Imports...
____
do
2, 982
37
4 128
38
307
2
214
Price (farm), American upland©. .cents per lb_.
Price, middling 1", avg. 12 markets©
do
121.9
123.6
«28.5
«30.0
23.1
25.1
COTTON MANUFACTURES
Spindle activity (cotton system spindles) :
Active spindles, last working day, total
-milConsuming 100 percent cotton..
do
Spindle hours operated, all fibers, total bil
Average per working day . . do
Consuming 100 percent cotton. __
do
18.6
11.6
113.0
.435
70.4
18. 4
11.4
113 8
438
70.3
1.008
Cotton yarn, price, 36/2, combed, knit—— $ per lb._
Cotton cloth:
Cotton broadwoven goods over 12" In width:
Production (qtrly.)
mil. lin. yd—
162
3
310
5
195
o
272
(3)
417
4
337
15
402
16
437
5
275
g
163
4
147
8
22.8
25.3
27.0
26.8
27.0
27.3
27.6
27.7
28.7
28.0
29.1
30.1
30.2
32.9
30.3
33.4
27.8
33.8
31.3
35.2
32.3
35.6
32.0
34.3
31.0
33.0
18.5
11.6
2 11 3
450
2 6. 9
18.5
11 5
72
365
4.5
18.4
11 4
89
443
5.5
18.4
11.4
210 8
433
26.7
18.6
11 4
91
456
5.6
18.4
11 4
9 0
450
5.5
18.4
11 4
10 2
407
2
6. 2
18.3
11 2
91
453
6.5
18.2
11 1
18. 3
10 9
92
458
5.5
18.3
10 9
457
5.5
18.3
11 0
11 5
460
26.9
5.6
'18.4
10 9
2 11 5
r
460
26.8
18.3
10 9
74
369
4.2
1.061
1.066
1.068
1.078
1.082
1.082
1.082
1.088
1.096
1.107
1.107
1. 115
1.121
1.123
1.123
6,246
6,149
1,609
15.4
16.9
16.8
20.8
14.4
13.4
12.5
14.3
16.9
16.1
16.3
17. 1
17.8
17.7
18.0
5.5
4.5
6.0
6.3
4.7
4.5
4.3
4.2
4.5
4.3
4.2
4.1
4.1
3.9
3.9
.37
.28
.31
.31
.32
.34
.34
.32
.28
.26
.25
.24
.23
.22
.21
274.3
543.3
312.6
569.5
23.6
51.3
24.4
48.2
28.1
62.2
36.3
76.2
13.0
27.3
23.7
21.2
45.3
85.7
33.9
75 0
31.6
59 1
37.7
58 5
32.3
69 1
33.8
55 5
35.8
71 4
43. 57
44.40
44.61
44.68
45.56
45.24
44.76
44.77
44.88
44.96
45.68
46.33
45.51
15 8
22.2
15.5
15.6
16.4
16.4
21.8
16.4
21.8
16 4
22.0
17.5
23.0
17 5
r
23 3
17 8
24 0
18 0
24 0
18 0
24 0
24 0
Orders, unfilled, end of period, as compared with
avg. weekly production
No. weeks' prodInventories, end of period, as compared with
avg. weekly production ..No. weeks' prodRatio of stocks to unfilled orders (at cotton
mills) , end of period, seasonally adjusted}:-- _—
Exports, raw cotton equiv
Imports, raw cotton equiv
...thous. balesdo
Mill margins:
Carded yarn cloth average.
.cents per Ib—
Prices, wholesale:
Print cloth, 38JMHnch, 64 x 54- .cents per yard
Sheeting, class B, 40-inch, 48 x 44-48.. .do
5
\
1,405
2
2
Q 1
1,527
9
0
r
dfifi
1,521
47.41 ' 50. 14
52.08
18 3
18 3
1R ^
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly. total.
mil. Ib _ 5,391.7
Filament yarn (rayon and acetate)do
730.8
Staple, incl. tow (rayon). _
do
607.4
Noncellulosic, except textile glass:
Yarn and monofilaments
do
1,793.4
Staple, incl. tow
do
1, 792.8
Textile glass
fiber.—
do
467.3
2,187. 9
2,104. 9
468.2
520.6
520.1
112.2
Exports: Yarns and monofllaments
Staple, tow, and tops
130,511
181, 612
11, 245
16,589
11, 387
15,728
10,518
18,236
10,896
25, 155
5,609
6,967
6,490
7,505
9,186
12, 446
9 851
14,441
9 971
16, 080
9, 600
20, 279
9 311
13, 177
9 558
17,506
8 601
17,312
137, 054
140, 075
249, 819
176, 306
24, 711
17, 773
19,622
16, 202
19,449
16, 216
23,982
20, 601
18,220
15, 702
8,878
4,048
22,329
9,399
20,302
8,738
15, 508
13, 808
20, 387
10, 985
13, 172
11,980
17, 173
13,952
18,358
13, 577
75.0
76.0
65.2
40.7
70.8
43.8
70.3
41.4
65.2
40.7
61 6
33 0
288.3
242.6
103.8
297.6
252.9
, 89.7
254.4
235.8
75.4
263.1
246.6
84.1
297.6
252.9
89.7
279.7
267.6
86.2
.61
.93
1.39
.61
.62
.62
1m
1.20
.62
1 nt
1.22
1 fM
14.6
7. 6
72
5.4
11 8
6.1
11 8
81
r 12 6
thous. Ib— 148, 843
do
152, 871
Imports: Yarns and monofilaments .....
Staple, tow, and tops
„.
_do
_do
Stocks, producers', end of period:
Filament yarn (rayon and acetate)
mil. Ib—
Staple, incl. tow (rayon). __
_do
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
do
Staple, incl. tow
_
do
Textile glass
fiber
do.
Prices, manmade fibers, f.o.b. producing plant:
Staple: Polyester, 1.5 denier
$ per Ib—
Yarn: Rayon (viscose), 150 denier
do.
Acrylic (spun), knitting, 2/20, 3-6D..do—
Manmade fiber and silk broadwoven fabrics:
Production (qtrly.), total 9
mil. lin. yd-Filamentyarn (100%) fabrics?
do
Chiefly rayon and/or acetate fabrics
do
Chiefly nylon fabrics.. _
do—
Spun yarn (100%) fab., exc. blanketing 9 -do
Rayon and/or acetate fabrics and blends
do
Polyester blends with cotton
do
Filament and spun yarn fabrics (combinations
and mixtures)..-..
mil. lin. yd...
WOOL
Wool consumption, mill (clean basis):
Apparel class
Carpet class
"
Wool imports clean yield
Duty-free (carpet class)
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine—,.
Graded fleece, % blood
Australian, 64s, warp and half-warp
6,125. 4 1,500.4
752.7
200.2
611.7
147.3
.62
.62
1,637.4
178.8
168.2
1, 709. 1
179 1
179 0
580.3
631.0
126.2
609. 2
553.8
127.4
608.9
607 5
134 6
.62
.62
.62
4
5, 028. 2
1,461.4
639.7
271.4
2,871.6
1.26
1.25
1.26
1.25
1.24
1.21
1.21
.62
1 03
1.19
.62
1 nq
1.19
.62
1 01
1.18
.62
I ftK
1.18
4,885. 7 1,237.3
1,433. 1 362.6
129.1
520. 9
296.1
80.3
711. 1
2,773. 9
1,147.8
343.0
125.6
71.5
639.0
,275.2
388.2
130.8
73.4
701.7
,358.5
428.4
141 8
87.2
731.1
444.8
1 QR9 8
1 QQR fi
381. 7
98.1
515 6
83.3
462 3
88.7
103.7
614. 9
472.6
450.5
108.2
109.3
126.5
137 8
mil Ib
do
do
do
163 7
76.6
153 1
73 3
116 2
74.8
126 6
83 9
2
$ perlb—
do
.do .
1.024
.872
.941
.664
.656
.802
12 1
27 2
10 4
70
73
48
13 8
11 3
80
66
17 0
13 4
.597
.640
.828
.590
.640
.802
.695
.640
.795
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, American
94.4
system, wholesale price
1967=100..
101. 4
95.0
93.3
93.3
Wool broadwoven goods, exc. felts:
Production (qtrly.)
mil lin yd
113 3
32 6
178 6
Price (wholesale), suiting, flannel, men's and
boys', f.o.b. mill
_.__
...1967-100..
101.3
100. 1
r
2
Revised.
* Season average.
For 5 weeks; other months, 4 weeks.
3 Less than 500
bales.
* Average for 4 months, Sept.-Dec.
« Revised total; revisions not distributed
by months.
« Season average prior to Apr. 1972. ©Beginning Aug. 1971, prices are on
1,674.3
181.9
154.9
2in
27
13
8
7
5
3
4
88
70
53
29
77
64
10
g
.610
. 640
.795
.610
.621
.780
92.0
91.1
22 7
2
2
2
.62
1. 24
2
.........
.62
1.03
1.24
15 3
7. 5
63
4.3
98
72
10 7
9g
95
7.6
71
50
10 4
7.2
10 5
90
.605
.593
.805
.615
.525
.839
.625
.525
.890
.640
.550
1.030
.708
.577
1.001
.944
.696
1.095
1.130
.895
1.133
1.200
.962
1.270
1,270
1.025
1.230
91.1
88.3
89.2
89.2
90.2
92.6
105.0
107.8
108.2
21 1
2
6.3
86
70
2
25.6
480-lb, net-weight bale basis (for earlier months, on 500-lb. gross-weight bale basis); to compute
comparable prices for earlier months, multiply farm price by 1.04167 and market price by
1.0438.
^Revisions for 1967-70 are available.
9 Includes data not shown separately.
SURVEY OF CURKENT BUSINESS
S-40
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
| 1971
Annual
August 1972
1971
June
July
Aug.
Sept.
1972
Oct.
Dec.
Nov.
Mar.
Apr.
Jan.
Feb.
15, 172
15, 932 19,325 18, 594
May
June
17,764
20, 964
July
TEXTILE PRODUCTS—Continued
APPAREL
Hosiery, shipments
thous. doz. pairs Men's apparel, cuttings:!
Tailored garments:
Suits
_
-. thous. units ._
Coats (separate), dress and sport
~~ do.___
Trousers (separate), dress and sport
__do
Shirts (woven), dress and sport
thous. doz...
Women's, misses', juniors' apparel, cuttings:!
Coats
thous. units
Dresses
«
-do
Blouses and shirts
. _ - -thous. doz .
Skirts
„.
do
231,795
210, 872
20, 986
18, 536
18, 698
18, 810
20, 058 16, 790 14,834
17,694
11,750
173, 599
20, 792
16, 234
11,503
179, 732
19, 741
1,268
974
15,209
1,785
800
656
13,463
1,274
1,434
1,023
15,080
1,618
1,427
1,086
14, 721
1,772
1,463 1,389 1, 356 1,607 1,558
1,232 1,076 1,067 1,088 1,198
14, 696 15, 087 13,430 15, 503 14, 889
1,824 1,722 1,603 1,770 1,713
21, 769 17, 033
251, 540 240, 266
13, 250 12, 590
5,494
6,927
1,518
20,739
1,045
539
1,475
17, 737
951
464
1,606
19,405
988
481
1,661
19,784
1,031
535
1,795
20,841
1,112
587
1,717 1,289
19,323 16,327
786
981
402
421
1,344
18,386
1,106
509
1,703 1,578 '•I, 683 1,566
1, 279 1,206 .T 1,326 1,431
17,030 15,200 ' 15, 050 14,725
1,820 1,674 ' 1,717 1,801
1,245
23,872
1, 196
592
1, 146
943 ' 1,289 1,550
23,981 23, 650 '19,729 22, 950
1,315
1,355
'1, 237 1,397
••447
590
516
453
5,568
3,820
5,038
4, 773
2,895
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net), qtrly. total
__...mil. $..
U.S. Government.
-do
Prime contract
do
Sales (net), receipts, or billings, qtrly. total--do —
U S. Government
-do
21, 161 ' 21, 553 '4,289
15, 116 15,229 2,803
19,010 19,028 3,779
24,752 '21,679 ' 6, 169
14, 114 4,039
16,407
'6,542
5,004
5,948
'4,831
3,281
'5,429
3, 782
4,549
'5,246
3,305
75,293
73,640
74,752
75,434
73,489
Backlog of orders, end of period 9
do
U S. Government
do
Aircraft (complete) and parts
do
Engines (aircraft) and parts.
do
Missiles, space vehicle systems, engines, propulsion units, and parts
mil. $
Other related operations (conversions, modifications) products, services
mil. $
24,705 '24,579
13, 997
12,882
11, 999
13,264
2,281
2,449
22,684
11, 797
11,644
2,190
24,395
13, 520
12,509
2,314
'24,579
13, 997
11, 999
2, 281
'724,564 23,952
713,033 13, 661
712,932 11,399
72,450 2,273
4,522
4,780
4,034
4,567
4,780
74,351
4, 729
2,791
3,274
2,674
3,007
3,274
72,596
2,907
Aircraft (complete):
Shipments
Airframe weight
.
Exports, commercial...
2,972.9 '300.4
48, 818 4,431
1,906,8
105.0
154.9
2,299
72,8
119.1
2,126
108.4
195.0
2,847
122.8
211.1 '247.8 ' 258. 1 '214.9 ••235.1 '382.7 ' 219. 5 344.5
3,480 3,822 4,687
3,303 3,781 6,188 3,285 '4,930
144. 8 142.7 298.1 131.7 189.4
126.3 112.4 195.9
8,239.3 10,637.7 1,008.2
7,753.0 10,036.0 945.9
6,546.8 8,584.6 809.8
6, 187. 3 8,121.7 761.3
1,692.4 2,053.1 198.4
1,565.7 1,914.3 184.6
608.6
577.2
490. 5
468.9
118.1
108.3
639. 9
602.1
484.8
457.6
155.1
144.5
951.1
892.3
757.8
712.0
193.3
180.2
988.3
943. 1
793.5
758.6
194.8
184.6
963.3
917.0
773.5
736.6
189.8
180.4
786.1
745.0
623.4
593.2
162.7
151.8
889. 1
847.2
698.0
666.0
191. 1
181.2
956
798
158
9,8
8.1
1.7
817
668
149
9.8
8.1
1.7
725
566
160
ioa
8.3
1.9
884
756
129
12.2
10.8
1.5
1,051
934
117
11.3
10.0
1.4
962
848
114
10.9
9.4
1.5
741
649
92
9.3
8.0
1.3
721
610
111
10.3
8.8
1.5
813
698
115
10.4
&9
1.5
913
772
141
10.3
8,7
1.6
899
774
125
10.6
9.1
1.5
1,030
888
143
11.0
9.5
1.5
1,025
' 877
'149
10.4
8,9
1.6
904
769
135
11.4
9,8
1.6
do
3, 605. 0
. . thous. Ib
59,436
. mil. $ . 1,527.2
290.2
4,285
128.2
MOTOR VEHICLES
Factory sales (from plants in U.S.), total— _ _ thous ..
Domestic
do
Passenger cars, total
.do -.
Domestic
- _.do_. .
Trucks and buses, total
.do
Domestic
do
Retail sales, new passenger cars :
Total , not seasonally adjusted . _ .
thous . . 8,405
Domestics A.
do
l',285
Imports A
do
Total, seasonally adjusted, at annual rates. .-mil..
DomesticsA
do
Imports A
do
Retail inventories, new cars (domestics), end of
period: A
Not seasonally adjusted..
-thous . .
Seasonally adjusted
do
Inventory-sales ratio, new cars (domestics) A
ratio..
10,252
8,681
1,570
954.3 1,038.3
910.0 983.4
748.3 806.5
716.1 765.2
206.1 231. 8
193.9 218.3
993.9 1,078.3 1, 024. 8 2504.4
939.7 1,019.5 968.4
779. 1 842.9 804.2 2 389. 1
798.0
761.6
736.9
214.8 235.3 220.6 2115.3
206.8
202.8 221. 5
1,220
1,294
1,447
1,590
1,799
1,609
1,582
1,580
1,569
1,681
1,591
1,691
1,481
1,660
1,446
1,695
1,447
1,590
1,588
1,521
1,684
1,566
1,741
1,578
1,782
1,626
1,781
1,606
1,751
1,540
1,393
1,323
2.4
2.1
2.4
2.3
2.4
1.9
2.0
2.0
2.4
2.1
2.1
2.2
2.2
2.0
2.1
1.6
40.75
38.47
9.34
21.27
19.48
6.96
19.97
18.74
6.67
37.95
32.86
9.98
29.73
27.02
7.71
32.04
S9.39
7.53
26.62
22.44
8. 50
26.11
22.13
7.37
28.22
25.00
9.99
34.56
31. 59
10.16
36.74
33.89
9.81
41.34
38.76
11.00
35.85
34.11
9.99
Exports (Bureau of the Census) t
Passenger cars (new), assembled
thous
285.04 386.64
To Canada
do
245. 62 348.40
100.04
Trucks and buses (new) , assembled
do
93.87
Imports (Bureau of the Census):
Passenger cars (new) , complete units.. _ » * * -do
2,013.42 2,587.48
692.78 802.28
From Canada total u
*.
do
Trucks and buses, complete units
do
i 115. 82 160.87
Truck trailers (complete) > shipments
umimber.. 105, 709 103,784
Va'ns
do
71,274 6^785
Trailer bodies and chassis (detachable), sold
separately
nuniber
26,138 18,509
242.53
84.73
12.07
8,672
5,244
1,122
183. 42 205. 45 227.04 194.65 ,214:30 229.09 215.64 226. 78 258. 77 216. 15 258. 70 209. 70
67.53 72.35 77. 81 . 67.78 59.30 L 75. 75 81.44 82.59
37.34 49.64
7.83 13.32 16.18 21.33 25. 66 20.14 &21.95 21. 73 19.29 25.' 14 26.' 34
8.83
8, 505 8,469 9,620 10, 598 9,652 10, 721 9,947 11,309 13,078 12,100 '12,874 11,743
7,039 7,770 9,035 8,078 8,668 7,362
5,260 5,367
6>353 7,315 6,483 7,260
2,782 '2,069
1,878
2,576
2,147
2,207 2,835 2, 763
1,844 1,483 1,833
1,723
Registrations (new vehicles):©
Pass6ng0r cars
. ,
.
. .thous . 58,388.2 H&,729.1 4897.0 4806.0 *780.6 4791.0, * 922. 3 4934,7 4 885. 0 4 685. 1 4680.0 4 828. 1 4 817. 2 3865.8 3916.7
4128.6 4 Il5, 9 4103.7 498.2 491.4 4 97. 1 4122.fi 4117.0 3121.3 3126.4
Imports, incl domestically &ponsot ed
do
« 1,231.0 141465.7 4142.1 4334.3
Trucks • • • *
do - t '1,7m 2 141,981,3 4 178. 1 4177.6 *166.7 4153.9 4183,4 4193,9 4206.8 4165.0 4 16.5. 7 4 203. 1 4 201. 9 3220,1 3229.8
RAILROAD EQUIPMENT
freight cars (all railroads and private car lines):
Shipments
number ^ 166,185 155,307 5,401 3,305
Equipment manufacturers
do
1 47, 990 4,205 2,696
§•421 3,80?
New orders
do_._.
3,652
i 42,' 530 i 46,' 913
Equipment manufacturers...
_do
Unfilled orders, end of period..... ..do.... 27,552 22,221 27^977 28,547
24,280
22,320 18, 763 23,256
Equipmont manufacturers
do
Freight oars (revenue), class 1 railroads (AAR):§
1,423
1,422 1,431 1,430
Number owned eild of period
thous
5.4
5.6
5.5
Held for repairs % Of total ovrned
Capacity (carrying) , aggregate, end of period
95.64
mil. tons..
97.14 96; 9$ 96.96
68.29 67.76 67.82
Average per car „,.
toriS..
67,19
$,329
Mil
26^429
22,639
4,211 3,567 4,580 4,417
3,965 3,327 4,351 4,135
3, 780 2,125 3,662 2,712
2,320 2,025 3,462 2,062
21,865 19,490 18,592 16,847
17, 183 14,948 14,079 11,966
1,428
5.7
1,427
17
1,426
5.6
1^426
5.7
1,422
5.6
1,4^2
5.8
1,441
5.7
96.92
67.91
97*00
67.98
97.16
,68.13
97.22
68.19
97.14
08.39.
97.33
68.44
98.82
68.56
*• Revised
»Annual total includes revisions not distributed by months.
* Estimate
of production.
» Omits data for tftree States*
» Omits data for two States.
« Omits
data
for
one
State.
'Effective
Feb.
1972,
imports
include
trucks
valued
less
than
$1,000
each.
7
Revised 1st quarter 1971.
{Monthly revisions (1970) appeal in Census report, Apparel Survey, 1970, MA-23A(7Q)-1.
4,701 4,865 4,159 4,807
4144 4,56§ 4,046 4,551
1,634 7,473 0,518 3,933
1,534 6,873 3,418 3,633
23* 113 25,863 25,213 22,221
19,880 32,426 2l', 789 18,753
u
98,82
4,731 4,381
3,903 3,705
3,183 5,923
2,955 4,543
15,344 16,936
11,063 11, 921
a
1,431
5.9
1,426
5.9
98.56
68. 78
99. 07
69,24
98.38
68. §7
9 Total includes backlog for nonrelated products and services and baste research.
ADomestics include U.S.-type cars produced in the United States and Canada; imports
cover foreign-type ears and captive imports, and exclude domestics produced in Canada,
O Courtesy Of R, L. Polk <fe Co.', republication prohibited.
^Excludes railroad-owned private refrigerator cars and private line cars.
INDEX TO
SECTIONS
General:
Business indicators.»».».,
„....'. v.....". 1<~7
Commodity prices..,.;.,.... /.,
. . . . . , , . 7-9
Construction and real estate....
. . . , . ; . . 9,10
Domestic trade.«,',. * , - . ; - , . , , , ; .
, . . . . . . . « ; ; 11, 12
Labor force, employment, and earnings.,.,.,. 13-16
' Finance*, v^ . . ; , v.<-.
. » » , . , . ' . - . - . - 16-21
Foreign trade of the United States.......,.„., 21*~23
Transportation and communications. . . . . . . . . . 23,24
Industryt
,
:
• •. '•• ',.,
,
-V-
Chemicals and allied products.,.'
, » . . , " . . . . . 24,25
Electric power and g a s . , , . , ,
, . . . , . . . . . , 25,26
Food and kindred products; tobacco. . . . . . . . . . 26-30
Leather and products
,,
30
Lumber and products. « . , , . . . . « « . . , . , ' . , . < . . . ,
31
Metals and manufactures. » , . , . , , , , . . . . , . . . ; < * 31-34
Petroleum, coal, and p r o d u c t s . . . . . , . , . . . . _ . . 34-36
Pujlp* paper, and paper products.....;•»,..»
36,37
Rubber and rubber products. . , , , , . , . , * , , , , . ,
37
Stone, clay, anil glass products. , . . . . , , ; . . . . . . .
38
Textile p r o d u c t s . . . . . . . . . , . . . . . . . . . < ; . . . . . . . 38-40
Transportation equipment.......... y . . , . . . » . ,
4$
'•' INDIVIDUAL -SERIES .
Advertising. V . . . . . . . . . . . . . ' . . . , „ . ' « , , . . . . . , . . , . 11,16
Aerospace v e h i c l e s . . . , . . ; . . . . ; . , I , ; , . - . . . . . .
4,40
Agricultural loans. * . » . . , . v
,
« » ; . „ ' 16
Air carrier operations. » . , , . , „ » , „ . .
.........
23
Air conditioners ( r o o m ) . . . , , . . . . , . . » . , . « . » , , , . . . ,
34
Aircraft and parts. * . ; . . , . .
.
*;;•,'....'< 6,7,40
Alcohol, denatured and e t h y l * « . . ' , . » . . , . . . » ' . ' » , . . .
25
Alcoholic beverages. . . . , , - .
/ . . . . . , . , . . . . . . , 11,26
Aluminum,..,.,,,
*.,.,.•.'..."..,.. . . . . . .
33
Apparel.
;»
1,3,4,8,9,11-15,40
Asphalt and tar products.
35,36
Automobiles, etc...
1,3-6, 8, 9, 11,12,19,22,23,40
Balance of international p a y m e n t s . . . . . . . . . . . . . .
2,3
Banking
»>,,.................
16,17
Barley
,,..,...;.....,,>,,,
27
Battery shipments. . , , * . , , . . , . , . . » , , , . . , , . , , . .
34
Beef and veal..
..«...;.....,..<....»..;..
28
Beverages. .
8,11,22, 23.26
Blast furnaces, steel work*, etc * *,• „ ' , . , . , , . . . . . , . , $-7
Bonds, outstanding, issued, prices, sates, yields.... 19,20
Brass and bronze.,..',;«,.,. v . . . . . . . , » < . -.......
33
Brick
v..,..,../..,,.,..
38
Building and construction materials,...
' , „ . . . 4-7,
• '
''
9,10,31,36,38
Building costs.
..„........,.,.,;_
10
Building p e r m i t s , » » . , ' . . » . . ' . . . . , . . , , \ . . . . . , . . . ,
10
Business incorporations (new), failures..........
7
Business sales and inventories
» . / . . .V . . . . . i
5
Butter.
.;.
.........t...
26
Cattle and c a l v e s . . . . . . . . . . . . . . . , . . , . , ,
; ' , . . . . ' 28
Cement and concrete p r o d u c t s . . . . . . . . . . . . . . t 9,10,38
Cereal and hakery p r o d u c t s . . . . . . . . . . . . . . . . . . . .
8
Chain-store sales, firms with 11 or more stores, . .
12
Cheese. - . - , . . . . . , , . . . . - ; ; _ . . - . . . . ' .-. f
26
C h e m i c a l s : « . , . . » , . . . . . . . . . . . . 4-6,8,13-15,19, 22-25
Cigarettes and cigars..»,... > . ; , . . » ; . . . . . . . . . . .
30
Clay products......
» , . , . » . ,Y. » . , , , . . * . , 9,38
Coal. , * , . , . . i » . . . . , , . . . . . . . . . . . . . . . . . 4,8,22,34,35
C o c o a . . . .; . . . , . . . . . , . . _ . ; . . . ; . . . .
. - , , , , , , 23,29
Coffee...... .'.,.........V;..,. _ • , '23,29
Coke
•' 35Combustion, atmosphere, heating equipment.
34
Communication,.........,.-.,,',. , j » . . . . , . . , 2, 20,24
Confectionery, sales.... V..'.,'-«'.'.'.:;..-. v . . . . . . . . . . .
29
Construction:
'•'.*-,,"''-"•' . • • Contracts...... /,, ..Y.,;,.,,',-.',." ' ' . . ; < . . ,
10
' Costs...... i ,/,..,...,,,...•. .v.........;-;. .
10
Employment, unemployment, hours, earnings.* 13-15
Fixed investment, structures....... ^ . . . . . . . . . , • ' 1
Highways and roads., + , , . . . . - ' ; . . * , i . . . . . . . . , 9,10
Housing starts.
»..,
10
Materials output indexes
......
10
New construction put in p l a c e . . . . . . . . . . ; . . . ' . .
9
Consumer c r e d i t . . . . . . . . . . . . . . . . . . , V
17,18
Consumer expenditures.
1
Consumer goods output, i n d e x . . , ' . , . . , . . ; . ;
3,4
Consumer price i n d e x , » . . . . , . » «
,... .
8
Copper..
'.;..;.'
33
Corn.
;
.........
27
Cost of living (see Consumer price index).!!.!.!!
8
Cotton, raw and manufactures.
7,9,22, 38,39
Cottonseed cake and meal and oil...
30
Credit, short- and intermediate-term
17,18
Crops.
3,7,27, 30,38
Crude o u . . . . . . . . . . . . .
4,35
Currency in circulation
19
Dairy products.'.
,_ 4.
3,7,8,26,27
Debits, b a n k . . , . . . . . . . . ,
;...>.;16
Debt, U.S. Government............ 1.. ; ....!..
18
Department s t o r e s . » . . . . . . . . . . . ; . .
,
..11,12
Deposits, bank
. . . , . . ; . . . . . . . . 16,17,19
Dishwashers
...
*.,..»...,.
84
Disputes, industrial
....
16
Distilled s p i r i t s . . . . . . . _ , * , . . „ . . . . ; , . , ; ' . . . . ; ' ; . . . ' 26
Dividend payments, rates, and yields,...... 2,3,19-21
Drug stores, s a l e s . . . . . , . , , . . , , .
11,12
STATISTICS, Pages S1-S40
Earnings, weekly and hourly.
15
Eating and drinking p l a c e s . . , . . . , . . . . . , , . , , . , . 11,12
Eggs and poultry...
,
* . . . . . 3,7,8,28,29
Electric power.
4,8,25,26
Electrical machinery and equipment,, ..
. . . . 4-7,
9,13-15,19,22,23,34
Electronic components..,,»..,...,.,.,...........
34
Employment estimates,
13,14
Expenditures, U.S. Government.
18
' Explosives..,...;......,.....,......,....,...,,.,.. , 25,
Exports (see alsoindividual commodities).... 1,2,21-23
Failures, industrial and c o m m e r c i a l . . . . . . . . . . . . .
7
Farm income, marketings, and p r i c e s . . . . . . . . . . 2,3,7,8
Farm wages*..».-.'.
.,',*• * ' i ; , . , » . . . , . . . . » ' 15
Fats and o i l s . . . . . , . . . . . . . . . . . . . . . . . . . 8,22,23,29,30
Federal Government
finance.'-..,.....'..;,«.,,...
18
Federal Reserve banks, condition o f . . . . . . . . . . . . .
16
; Federal Heserve member banks.........
....
17
Fertilizers
.v . . .
8,25
Fire l o s s e s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
Fish oils and
fish
,;
29
Flooring, h a r d w o o d . . . . . . . . . . . . . . . ; . . . . . . . . . . .
31
Flour, w h e a t . . . , . , , , , ; . , . , , , . .
»;.........
28
Food products.......... 1,4-4,11-15,19,22,23,26-30
Foreclosures, real estate.
i..............
10
Foreign trade (see also individual commod.)..... 21-23
Foundry equipment. . » . . . . . . . . . , . . . . . . . . . . . . . *
34
Freight caw { e q u i p m e n t } , . , . . . . . . , . . . . , » . , . . . ,
40
Fruits and v e g e t a b l e s . . . . . . . . . . . . . . . . . . . . . . . . .
7,8
Fuel o i l . . . . . ; . . . . . . . . . . . , . . . . . . ; . . . , . . .
35,36
Fuels.
4*8,22,23,34-36
Furnaces
.......;.,
..../..*..
34
Furniture...,;
4,8,11-15
Gas, output, prices, sales, revenues........ ^ . . . 4,8,26
G a s o l i n e . , . ; . . . . . . . . . . , . . , . . . , , , . . . . . . , . , , . . . 1,35
Glass and products.
38
Glycerin.,
25
Gold;
19
Grains and products,...,..,.
. . . . . . 7,8,22,27,28
Grocery stores..,.,,,-..._,,.....,..,...
.... 11, |2
Gross national product.......... i , 1 . . . . . . . . . . .
Gross private domestic investment..............
Gypsum and products
.,..
1
1
9,38
Hardware stores.
11
Heating e q u i p m e n t . . . . . . . . . . . . . . . . . . . . . . . .
^,34
Hides and s k i n s , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,30
Highways and roads. . » , . , . . . . . . , , . , , . » . > , . . . , 9,10
Hogs..,...;. % . . . . . . . . . . . . . . , . . ,
;....,,,
28
Home electronic equipment. , , . , . . . . . „ . . , . . , , , .
8
Home Loan banks, outstanding advances........
10
Home mortgages.
......
10
Hosiery.
,
..
40
Hotels, and motorJbotels.
24
Hours* average w e e k l y . . . . . . . . . . . . . . . . . . . . . . . . . .
t4
Housefurnishmgs,......
. . . . . . . . . . . 1,4,8,11,12
Household appliances, radios, and television sets.
4,
8,11,34
Housing starts and permits
10
Imports (see also individual commodities)... 1,2,22,23
Income, personal.,,
,.,.,.....»,.,..»
2,3
Income and employment tax receipts....,....;..
18
Industrial production indexes:
By i n d u s t r y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3,4
, By market grouping. . . . ' . * , , » , . » . . , *
. . . . . . 3, 4
Installment credit*.»
12,17,18
Instruments and related products.......... 4-6,13-15
Insurance, l i f e . . . . . . . . 1 . . . . , . , . . .
. . . . . 18,19
Interest and money rates....
,......,.....,
17
Inventories, manufacturers* and t r a d e . . . . . . . 5,6,11,12
Inventory-sales ratios.
.-. i ; . -'.'.;.- " 5
Iron and steet.......,,;-.... 4-7,9,10,19,22^23,$1,32
Labor advertising index, stoppages* turnover 1 . . . .
16
.Labor force..... /. , . . . • ; ; . . , . . ; , . . . . . . . . _ . . . . , , . . - . . ~ • 13 '
Lamb and mutton . . . . . . . , ; . . . . , . „ . . , . . . . . , . . ,
28
•Lard. . . . ' < . , , , ' . . . . ' . , , ;V.» . „ . ,
;.......
' -28
• Lead....../.......,.;'.,..,.'....;,,
. . , . . . - .- 33 .
Leather and products. . . . »
4^9,13-15,30
Life insurance.. . . . .
•;...* . , . ' ; 18,19
Linseed o i l . . . . . . . . . . . . . . . . ; . , . . . . ,
30
Livestock,........
,
3,7,8,28
Loans, real estate, agricultural, bank, brokers*
(see also Consumer credit).......... 10,16,17,18,20
Lubricants.
35,36
Lumber and products
4,9,10-15,19,31
Machine
tools......
34
M a c h i n e r y . . . . . . . . . . . . . . . . . 4-7,9,13-15,19,22,23,34
Mail order houses, sales....,,
11
Man-hours, aggregate, and i n d e x e s , . ; . . . . . . . . . . 14,15
Manmade fibers and manufactures
. . . . 9,39
Manufacturers* sales (or shipments), inventories,
orders.....'...-.,.,..
5~7'
Manufacturing employment, unemployment, production workers, hours, man-hours, earnings.; , 13-15
Manufacturing production i n d e x e s , . . , . . . , , , , ' . . . 3,4
Margarine............. i . ' . . . . - .
1
29
Meat animals and meats.
3,7,8,22,23,28
Medical and personal care, ,
;....»,,..-...
8
Metals.. v
4-7,9,19,22,23,31-33
Milk.
'..:,.27
t.,
Mining and m i n e r a l s . . . . . . . . . . . . . . . . . 2-4,9,13-15,19
Monetary s t a t i s t i c s . . . . . . . . . . . . . . . . . . . . . . .
19
Money supply.
./»....;.....
.....
19
Mortgage applications, loans, r a t e s . . . . . . . 10,16,17,18
Motor c a r r i e r s . . . . . » . , , .
;..,
23,24
Motor v e h i c l e s . . . . . . . . . . . . 1,4-6,8,9,11» 19,22,23,40
Motors and generators,. 4 . . . . t
-..,;
34
National defense expenditures. » . . . . , . . . . . . . , , , , 1, 18
National income and product . , , . . . . » . . . . . . . , , ,
1, 2
National 'parks, visits. . .....;.'... .--.'.^ % . .' . < . . . . / ' • ' 24
Newsprint. . .'7. . . > . , . - . . . ; . - . . ; .,; . . -.-,\ '.-'..> ..,.,. 23,37''
New York Stock Exchange, selected data. . . . . . . . JO, 21
Nonferrous metals . . . . . . . . . . -. ;'«h . . . ; . 4. 9, 19, 22, 23, 33
Noninstallment credit. , . 4\ . . . . . . , , . . . . , ; . . . . v .
18
Oats. . .'.x . . . . . .C. , . . - . . . - . . . . ' • . . ' . . ..,- ..... V. . . , . ' • 27
0il* and fats. . i . . . . . . , . . . . . . . . . . . . . . . 8, 22, 23, 29,30
. Orders^ new and unfilled, manufactures'. . . . . , . , ,
6f 7
- Chrdnance., .\v. ..'.-.T. .'.;.....-,»'»,,. . . t . , .,.'.'. ,>.»' 13-rlS
Paint and paint materials. . , » .
Paper and products and pulp.
, 25
.
.
9,13-45,19,23,36,37
Parity ratio. . " . . . . , ; . - . . . . ;.--."; A .-;-; . . . ' . . . ' . . . . - . - .
7
Passenger cars ....... . . . . . . . 1,3-6,8,9,11,12,1^22,25,4^
Passports issued. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24
Personal consumption expenditures. . . . . . . . . . . . . .
1
Personal income. . . . . . . . . » . . » ; . ._____. . . V. . . . , »
2, 3
Personal outlays. . . . . . . . . . . .____. . . . . . . . . . . . . . .
2
Petroleum and products. . . . . . . . . . . . . . . . . . . . . . . ;4-*6,
8,11-15,19,22,23,35,36
Pig i r o n . . . . . . . . . . . . . , , ; . . . , . . . . . , , . . . . , ...... 31,32
Plant and equipment expenditures. . . . . . . . . . . . . .
2
Plastics and resin materials ..... . . . . . . . . . . . . . . .
25
Population...........____. . . . . . . . . . . . . . . . ____ 13
Pork... ....... . ......... . . . . , . . . . . . . . ; . * . . . . .
28
Poultry and eggs ........ , - . . . . . . . . . . . . . . . 3,7,8,28*29
Prices (see also individual commodities) . . . . . . . . .
7-9
Printing and publishing . . * ...... . . , * ; . . . ; . . , 4, 13-15
Private sector employment, hours, earnings . . -. «'* . 13-15
Profits, corporate. ..... . . . . . . . . . . . . . . . . .____. . 2, 19
Public utilities . . . . . . ....... . . . . . . 2-4, 9, 19-21, 25, 26
Pulp and pulpwood. . .___t , ..... * . . . ; . . . . , . . , .
36
Purchasing power of the dollar. . . . . . . . . . . . . . . . .
9
Radio and television. . . . . . . . . . . . .____. . . . . . . 4, tl, 34
Railroads. . . . . . . . ..... . , . . / . ; . . 2, 15, 16, 20, 21, 24, 40
Ranges..,..,..,, ......... .,:.,.;....••.«., ..... .,.;,,;- .; 14-,'
Rayon and acetate. . , . . . . . . . , . . , . . . . ;
........
39
Real estate. ..... . . . . . . , . . . . . . . , . . . ; . , . » , . 10, 17, 18
Receipts, U.S. Government. . , . . . . . . , , . . ; . ; . , . *
18
Recreation. ... . . . . . . . . it , .;»... //.,/-/. .- ....... , V
9
Refrigerators.. ....... , , . , , , , . .____. . . . . . . . . . . . . . .
34
Registration (new vehicles) . . . . . . ...... . . . . . . . . . . .
40
Rent (housing). . . . . . . . . . . . . . . . . . ........ . . * . ; .
8
Retail trade. ..... . . . . . . . . . . . .; . . . . ; . . . . 5, 7, 11-1$, 17
Rice. . . . . . . . . . . . . . . . . ;.V. .-. . , . ;. ,'. ;. / . . . . . , . . - 27
Roofing and siding, asphalt,____. . . . . . . . . . , . . . .
36
Rubber and products (incl. plastics) . . . . . . . . . . . . 4-6,
•
''
'Saving,. personal. ,- ---- • ' . . . . . . . . . '. , . . , ____ '..^ . , . . •
2^
Savings deposits. . . . . ....... . , . . . , < . . . / . » < . . . .
17
Securities issued. ...... . . . . . . . . . . . . . ....... . . . 19,20
Security markets. ; . . . . ....... . . . . . . .......... .20,21
Services ..... . . . . . ...... . . . . . . . . . . . . . . . . . 1,8, 13-15
Sheep and lambs. . . . . . . . . . . . . . i . . . . . . t . . . . . . v
28
Shoes and other footwear. . . . . . i . ........ . 9, 11* 12, 30
saver. . ;. ;. ,,.,. ..-..,....,. ./;-. ....-;.. .„, ..... * ;.
19
Soybean cake and meal and o0. . . . . . . * . . . . . . . . .
30
Spindle activity, cotton . . . . . » . , . , . . . . . . . , . . . , .
39
Steel Craw) and steel manufactures . . . . . . . 22, 23, 31, 32
, Steel scrap, ... . . .,.,. . . . ... . ;____... .' , . /.,..-.,. . »».. . .
31
S^?ck market customer financing » . ____ . . . . . . . . . .
20
Stock prices, earnings, sales, etc . , . . , . , , ; , . > , , ; . 20, 2 1
Stone, clay, glass products. . . . . . . . . 4-6,9,13-15, 19,38
• ' Sugar. . .•;, . . . . . . . . . , . ' . . . . . . ,;. . ' . . . . . I * .'. . .->.-. -S3,29
. Sulfur.. .,../.;.;. ...;,..,..;.'.,,..v ...... .."v.-.., , \ 25 '
Sulfuric acid. . . . . . . . . . . . . . . . . . ,: ; . . . . . . . . . . . . .
24
Superphosphate. . . , . . ' . . . , . . . . . . . .. . ,'.,;'.-, -. \,f , , . , , . . ,\ -• -.2§
Tea imports. .......'. .',.-'. ......:.'. .;'> ... .;..•*.. »v-:. . 29
Telephone and telegraph carriers . . . . . . . . . . . . . . .
24
Television and radio . . . . . . . . .^ . . . . . ; , . . , , . . . 4, ll, 34
Textiles and products. . , . 4-fr, 9, 13-15, 19, 22, 23, 38*40
, Tin. . , . . ; . " ; . , , , -.'.-. . ,', v. . /.-^..vi ...... ...... v . .- ., -. ,33 ' Tires and inner tubes. . . . . . . . . v ; . . , . . , . ^. 9, 11, 12, 37
Tobacco and manufactures. . . , , . , .4-7,9, 11, 13-15, 30
..^Tractors-. . ----- ..., v . . , . . , »••.'; - * . . . . . .,;-. . . . . . . .'-.'... .-'
34
Trade (retail and wholesale) . . . . . . . ; . . . . . . . . . 5, 11, 12
Transit linesi local. . . . . ._____v 1 , , . . . . . / . . . ; . . . ,
23
Transportation. . . . ..... . . . . . . » . . . . . . . 1, 2, 8, 13, 23, 24
Transportation equipment. . . . . . ; . . . . 4-7, 13-15, 19, 40
Travel ...... ;.'..;.. .,,. . . , = - . . . . /. . .'.', . ; . . ' , ' . . . . • 23,24,
Truck trailers. . , . . ......... . . . * ; . . . . , . . . . . . . .
40
Trucks (industrial and other) ........ , . . . . . , , . . 34,40
Unemployment and insurance. . « . , . . . ........ * . 13, 16
U.S. Government bonds ....... . . . . . . . . . . . . . 16-l8t 20
0.S. Governmentfinance.. . ..... . . . . . . . . . . . . . .
18
Utilities. . . . . . . . , : . . - ........... ; . 2-4,9,19-21,25,26
Vacuum cleaners. . . . . . . . . . ....... . . . . . . . . . . . .
34
Variety stores. . . . . ...... . . . . . ..... . . . . . .____, 11, 12
Vegetableoas. ....... . . . . . . . . v .. ......... . 23,29,30
Vegetables and fruits, . . . . . . . . . . . . . . . . . ....... . 7, 8
Veterans* benefits. . . . . . . .......... . . . . ---- . . . .
16
Wages and salaries. . . . . . , . . . » . . . , , ...... . . . . . 2, 3, 15
Washers and dryers. ....,.-.:,,;......... ', ...... 34
'Water heaters,. , x . .;'.;, 1 . . . ; . . . . . . ;-. » - . . . . . . . . . ' 2 34
Wheat and wheatflour.. , ; . . . ..... . . , . . . . . - , . . * ?*2|j
Wholesale pric0 indexes. . * ; * . . « . • . , \ . — „ . ; . - . - . , 8, 3
Wholesale trade ...... . . . , . , » , . . . ; , > . . 5, 7, 11, 13-15
Wood pulp, , * , . . . ....... ....... . . ^ . . . . . . . . .-.', .
36
Wool and wool manufactures ..... . . . . . . . . . . ;-.- •. -. ;. 9, 39
Zinc.
33
UNITED
GOVERNMENT PRINTING OFFICE
PUBLIC D O C U M E N T S D E P A R T M E N T
W A S H I N G T O N . D.C. 2O4O2
OFFICIAL B U S I N E S S
Fixed Nonresidential Business Capital
in the United States, 1925-197O
A volume presenting annual estimates of the stock of fixed nonresidential business capital in the
United States for the years 1925-70 has been published by the Bureau of Economic Analysis (formerly
the Office of Business Economics).
The publication, titled "Fixed Nonresidential Business
Capital in the United States, 1925-70," gives tabulations
ot gross and net capital stocks, depreciation, discards, and
average ages of gross and net stocks, using alternative
assumptions as to service lives, depreciation rates, and
valuation of capital goods. Estimates are presented for
major industries (farm, manufacturing, nonfarm nonmanufacturing) and for detailed types of equipment and
structures. The investment data used to derive the capital
stock estimates are also presented, as well as a detailed
statement of the sources and methods used.
Copies of "Fixed Nonresidential Business Capital in the United States, 1925-70" can be purchased from the National Technical Information
Service, U.S. Department of Commerce, Springfield, Virginia 22151. The prices of the 544-page volume is $7.75 per paper copy and $0.95 in microfiche.
mber COM-71-01111 when ordering.
Please mention
@FedFRASER