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AUGUST 1977 /

VOLUME 57 NUMBER

8

SURVEY OF CURRENT BUSINESS
f Wf^

\

CONTENTS
U.S. Department of Commerce
THE BUSINESS SITUATION

Juanita M. Kreps / Secretary
Courtenay M. Slater / Chief Economist
for the Department of Commerce

Federal Budget Developments

2

Reconciliation of BEA Compensation and BLS Earnings

3

NIPA Errata

4

National Income and Product Tables

5

State Personal Income, 1975-76

14

State Personal Income Revisions, 1971—76

15

Manuscript Editor: Dannelel A. Grosvenor

U.S. Direct Investment Abroad in 1976

32

Statistics Editor: Leo V. Barry, Jr.
Graphics Editor: Billy Jo Hurley

Bureau of Economic Analysis
George Jaszi / Director

Alternative Estimates of Capital Consumption and
Profits of ISronfinancial Corporations, 1974-76
Fixed Nonresidential Business and Residential
Capital in the United States, 1974-76

56
57

Revised Manufacturing and Trade Inventories
and Sales, 1973: IV-1977: II

Allan H. Young / Deputy, Director
Carol S. Carson / Editor-in-Chief,
Survey of Current Business

Staff Contributors to This Issue: Lowell D. Ashby,

Robert B. Bretzfelder, Edwin J. Coleman, Gerald F.
Donahoe, Jeanne S. Goodman, Shelby W. Herman,
John C. Hinrichs, Mary W. Hook, John C. Musgrave,
Robert P. Parker, Kenneth A. Petrick, Charles A.
Waite, Joseph C. Wakefield, Obie G. Whichard

58

Seasonally Unadjusted NIPA Estimates

60

Summary National Income and Product Series, 1929-76

62

CURRENT BUSINESS STATISTICS
General

S1-S25

Industry

S25-S40

Subject Index (Inside Back Cover)

SURVEY OF CURRENT BUSINESS. Published monthly by
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the BUSINESS SITUATION
Reevised
L

estimates show that real
GNP increased at an annual rate of
6.1 percent in the second quarter, as
compared with 6.4 percent shown by
the preliminary estimates last month.
Inflation as measured by the change in
the GNP implicit price deflator was
7.1 percent at an annual rate, compared with the preliminary estimate of
6.6 percent.
The revised estimates show fewer
final sales and^ more inventory accumulation than the preliminary estimates. The second-quarter increase in
real final sales was 5.1 percent, compared with the preliminary estimate of
5.6 percent. Small downward revisions
in consumer expenditures on goods—
largely nondurables—more than offset
upward revisions in consumer ex-

penditures on services. A downward
revision in fixed investment reflected
lower estimates of nonresidential producers' durable equipment. Net exports also were revised downward. The
upward revision in inventory accumulation was mainly in wholesale
trade durables and retail trade nondurables. Inventories of manufacturing and wholesale trade nondurables
were revised downward.
The upward revision in prices resulted mostly from a larger increase in
prices of consumer services and structures and a smaller increase in import
prices. Import prices measure the
prices of foreign, rather than U.S.,
production and are netted out of
prices paid by U.S. purchasers to
obtain the prices of U.S. production.

The fixed-weighted price index for
GNP, which abstracts from shifts in
the composition of GNP and hence is a
pure measure of price change, also was
revised upward to 7.0 percent. The
preliminary estimate was 6.6 percent.
Second-quarter corporate profits
Preliminary estimates show that
profits from current production—corporate profits (before tax) with inventory
valuation and capital consumption adjustments—increased $14}£ billion at a
seasonally adjusted annual rate in the
second quarter, following an increase of
$2% billion in the first quarter.
Domestic profits of nonfinancial corporations were up $13% billion. Most of
this increase was in manufacturing,
where the gains were widespread. The

Professional Positions at BEA
CHIEF STATISTICIAN

OTHER POSITIONS

BEA is inviting applications for the executive level position of
Chief Statistician. The position is rated at GS-16 ($39,629-$47,500).
The Chief Statistician reports to the Director of BEA and is the
principal adviser to the Director on the statistical methodolog)^
data sources, and estimating techniques that underlie the work of
BEA. The Chief Statistician plans, directs, and coordinates programs related to the improvements of statistical methodology,
monitors their execution, and is also the principal auditor of all of
BEA's statistical operations. The Chief Statistician participates in
the formulation and evaluation of the analytical work of BEA.
The content of the Chief Statistician's position is quite flexible,
because it does not carry the supervisory responsibilities of a line
job. In particular, there is latitude in the mix between work initiated
and carried out by the Chief Statistician with the aid of a few assistants and work in which the Chief Statistician serves as
consultant.
The position requires a thorough knowledge of economic data
sources and estimating techniques. Other requisites are ability to
write clearly and familiarity with econometric and mathematical
statistical techniques and with economic accounting.
Persons interested in this position should write to George Jaszi,
Director, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, D.C. 20230.

On the basis of congressional action to date, BEA expects to add
to its program, as follows:
1. The present environmental studies program includes the
estimation of pollution abatement and control expenditures by
consumers, business, and government (see, for example, SURVEY
OF CURRENT BUSINE&S, February 1977). This program may be
expanded to include more industry and regional detail and constantdollar estimates of abatement expenditures.
2. A new research project may be initiated to develop GNPrelated measures to aid in evaluating the Nation's welfare. The
areas that may be examined include the stock of consumer durables
and government capital, the services rendered by these stocks, and
the stock of human capital.
Because of staff reassignments, as well as possible new vacancies,
BEA expects to fill positions throughout all of its program areas.
BEA invites applications for economist positions in the range of
GS-7 to GS-15 ($ll,523-$33,789). Applications should include,
if possible, a completed Standard Form 171, the Civil Service
Commission's "Personal Qualifications statement," and indicate
whether the applicant has current Civil Service eligibility. Address
applications to: Harry Hurrle, Bureau of Economic Analysis,
U.S. Department of Commerce, Washington, D.C. 20230.




SURVEY OF CURRENT BUSINESS
largest increases were in motor vehicles,
primary and fabricated metals, food,
chemicals, and petroleum. Nondurable
goods manufacturing increased after
declines in the two preceding quarters.
Profits of financial corporations and
profits from abroad, the latter measured
by the net inflow of branch profits and
dividends from the rest of the world,
each rose $K billion.
Before-tax book profits were up $12
billion in the second quarter. These
profits differ from profits from current
production for two reasons. First, they

CHART 1

Corporate Profits
Billion $
180

160

include inventory profits, which arise
because inventories used up are
generally valued by business at historical, rather than replacement, cost.
Second, they reflect tax return-based,
rather than "economic", capital consumption allowances. The capital consumption adjustment referred to above
converts the tax-return measure to the

120
Profits With IVA
and CCAdj.

100

80

REVISED estimates of Federal unified
budget receipts and outlays were released in early July by the Office of
Management and Budget (OMB) as
part of its mid-session review. The
revised estimates include changes—such
as withdrawal of major provisions of the
economic stimulus program—made by
the administration in April and incorporate additional changes that have
occurred since then. (See the May

Profits After Tax

April

July

60

April

July

Estimates
1977

20

a

discussion of the April budget revisions.) The additional changes include
incorporation of the administration's
energy program, the impact of the Tax
Reduction and Simplification Act of
1977, reestimates of agency spending
and tax collections based on experience
since mid-April, and slightly revised
economic assumptions. The major economic assumptions are shown in the
following table (expressed as percent
change from preceding year.)

With IVA and CCAdj.

40

I

I I

I

I M

1 I

11

I I 1 1 1 I I 1

Seasonally Adjusted at Annual Rates
Percent

Gross national product
(Constant dollars)
Gross national product
deflator __ __
Unemployment rate
(percent, not percent
change)

1978

4.9

5.1

5.6

5.3

5.8

5.9

6.1

6.3

7.2

7.0

6.4

6.3

PROFITS WITH IVA AND CCAdj. AS
A PERCENTAGE OF NATIONAL INCOME

i

I I I I I I I I I I I i I I
1973
1974
1975
1976
Seasonally Adjusted

NOTE.-IVA is inventory valuation adjustment and
CCAdj. is capital consumption adjustment.
U.S. Department of Commerce, Bureau of Economic Analysis




1977

economic measure, which is constructed
to reflect uniform service lives and
depreciation formulas and replacement
cost valuation. Inventory profits, which
declined $2% billion—from $20% billion
in the first quarter to $18 billion in the
second—accounted for the larger increase in profits from current production
than in before-tax book profits.

Federal Budget Developments

SURVEY OF CURRENT BUSINESS for

140

August 1977

For fiscal year 1977, a $48.1 billion
deficit is estimated, compared with
$48.7 billion in April (table 1). Receipts are revised down $0.3 billion, the
net result of a $1.4 billion decline from
provisions of the Tax Reduction and
Simplification Act and a $1.1 billion
increase due to reestimates and higher
incomes. Outlays are revised down $0.9

billion. This reflects spending trends
since April and recent congressional
actions.1 Major downward revisions are
for antirecession fiscal assistance ($0.4
billion), employee retirement benefits
($0.3 billion), and sewage plant construction grants ($0.2 billion).
For fiscal 1978, a deficit of $61.5
billion is estimated, compared with
$57.9 billion in April. Receipts are $2.5
billion lower, largely due to provisions
of the Tax Reduction and Simplification
Act. Outlays are $1.2 billion higher,
mainly due to the proposed energy
program.
Revised NIP A estimates
BEA has prepared estimates of the
Federal sector on the national income
and product accounting (NIPA) basis
consistent with the mid-session review
estimates. On the NIPA basis, fiscal
year 1977 receipts are $3 billion lower
than estimated in April, expenditures
are $2 billion lower, and the deficit is
$1 billion higher. Among receipts, corporate profits tax accruals and personal
tax and nontax receipts are lower.
Contributions for social insurance are
higher and indirect business tax and
nontax accruals are basically unchanged. Among expenditures, transfer
payments to persons, grants-in-aid to
State and local governments, and nondefense purchases are lower. Net interest paid and subsidies (less the
current surplus of government enterprises) are slightly higher.
1. In August, administration officials again reestimated
fiscal 1977 unified budget outlays in testimony before Congress. The new estimate is $404 billion, over $2 billion below
the July mid-session review estimate discussed in this article.
Budget receipts forfiscal1977 and 1978 and outlays for fiscal
1978 were not reestimated. BEA was unable to prepare
NIPA estimates consistent with the August revision because
details were unavailable.

SUKVEY OF CURRENT BUSINESS

August 1977

Table 1.—Federal Government Receipts and Expenditures
[Billions of dollars]
Fiscal year 1977
April

July

Fiscal year 1978

Revisions

Estimates

April

July

Revisions

Estimates

Unified budget:
Receipts
Outlays
Surplus or deficit (—).

358.6
407.3
-48.7

358.3
1406.4
i -48.1

-0.3
-.9

403.8
461.7
-57.9

401.4
462.9
-61.5

-2.5
1.2

368.3

365.4

-2.9

421.2

415.3

-5.9

167.0
60.7
24.5
116.1

166.4
57.4
24.7
116.9

-.6
-3.3
.2

189.1
71.8
26.0
134.3

185.0
66.6
30.4
133.3

-4.1
-5.2
4.4
-1.0

419.1

417.2

-1.9

468.3

469.3

1.0

144.2
92.8
171.1
167.8
3.3
68.0
28.7
7.1

143.6
92.8
50.8
170.2
166.9
3.3
67.3
28.9
7.2

-.9
-.9

163.5
105.2
58.3
185.0
181.6
3.4
80.1
31.7
9.0

1.1
.2
.9
.3
.3

-.7
.2
.1

162.4
105.0
57.4
184.7
181.3
3.4
81.5
31.0
8.7

-1.4
.7
.3

-50.8

-51.8

-1.0

-47.1

-54.0

-6.9

National income and product accounting basis:
Receipts

Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals.
Contributions for social insurance
Expenditures .
Purchases of goods and services
National defense
Nondefense
Transfer payments
To persons
To foreigners
Orants-in-aid to State and local governments
Net interest paid.
Subsidies less current surplus of government enterprises..
Surplus or deficit (—)

51.4

1. In August, the Office of Management and Budget reestimated outlays at $404 billion and the deficit at $45.7 billion
NOTE.—Earned income credit payments in excess of an individual's tax liability, formerly treated as outlays are now clas"
sifted as tax refunds in the unified budget. This change does not affect receipts or expenditures on the NIPA basis, which
continue to treat such payments as transfers. Earned income credit payments below an individual's tax liability continue to
be treated as tax refunds in the unified budget and in the NIPA's.

In 1978, receipts are $6 billion lower,
expenditures are $1 billion higher and
the deficit is $7 billion higher. Among
receipts, personal tax and nontax
receipts, corporate profits tax accruals,
and contributions for social insurance
are revised down; indirect business
tax and nontax accruals are revised
up. The proposed energy program is a
major factor in the revision; it reduces
personal tax and nontax receipts about
$3 billion, reduces corporate profits
tax accruals nearly $1 billion, and
increases indirect business tax andnontax accruals $4 billion. Among
expenditures, purchases and interest
are revised up, and grants-in-aid to
State and local governments is revised
down.
Federal sector in the second quarter
The Federal Government deficit as
measured in the NIPA's increased in the
second quarter after declining substantially in the first. Expenditures
increased nearly $8 billion in the second
quarter, receipts increased $6 billion
(annual rates), and the deficit increased from about $39 billion to $41
billion.




Purchases of goods and services
accounted for almost all of the increase
in expenditures; national defense purchases increased nearly $4 billion and
nondefense purchases increased $3.5
billion. Nondefense purchases were
spurred by a $2 billion increase in
purchases of agricultural commodities

by the Commodity Credit Corporation
(CCC). Grants-in-aid to State and
local governments increased nearly $2
billion; almost half of the increase was
attributable to the new local public
works program. Transfer payments to
persons declined over $1 billion; a
decline of nearly $3 billion in unemployment benefits more than offset
increases in other transfer payments.
About two-thirds of the increase in
receipts occurred in corporate taxes;
this reflected a large increase in book
profits. Contributions for social insurance increased $3 billion due to
higher wages. Personal taxes were
affected by tax changes and declined
$1 billion. Net income taxes increased
$5 billion, despite a nearly $2 billion
reduction attributable to lower withholding rates, effective June 1, under
provisions of the Tax Reduction and
Simplification Act. Estate and gift
taxes declined nearly $7 billion from
the unusually high level reached in the
first quarter when taxes were paid on
gifts made in late 1976. Provisions of
the Tax Reform Act of 1976 made it
advantageous to make gifts in 1976
rather than in later years.
Special table
The reconciliation of changes in
compensation per hour and average
hourly earnings is shown in table 2.

Table 2.—Reconciliation of Changes in Compensation Per Hour in the Business Economy
Other Than Farm and Housing and Average Hourly Earnings in the Private Nonfarm
Economy, Seasonally Adjusted

II

1. Compensation per hour of all persons in the business economy other than farm and housing (percent
change at annual rate) 1

2. Less: Contribution of supplements
3. Plus: Contribution of employees of housing and of nonprofit institutions
4. Less: Contribution of employees of government enterprises and self-employed and unpaid family
workers
5. Equals: Wages and salaries per hour of employees in the private nonfarm economy (percent change

at annual rate)

6. Less: Contribution of nonproduction workers in manufacturing
7. Less: Contribution of non-BLS data, detailed weighting and seasonal adjustment..
Commodity-producing industriesManufacturing.
Distributive industries
Service industries
8. Equals: Average hourly earnings, production and nonsupervisory workers in the private nonfarm
economy (percent change at annual rate)
---

10.8

7.4

1.0

-.1

-.1

2

0

.2

9.7

7.5

_ 2

-.2

1.4

—. 7

.5
.1
.7
.2

-.6
.1
-. 1
0

8.5

8.4

1. BLS estimates of changes in hourly compensation in the nonfarm business sector for first and second quarters are 11.7
and 7.4 percent.

SURVEY OF CURRENT BUSINESS

August 1977

ERRATA
orred iions are shown here for certain items in the National Income and Prod uct table
Table

Line or
Column

Period

1. 15

37
16

1974

3.4
3.4

48
48

3. 14

46

5.4
5.4
5.5
5.5

Correct

76. 5

1977-11

1. 17

Published

33. 1

33.3

1974-III
1975-1

-4.3
-4.4

-4. 4
-4.3

1973

6,593

7,593

1 1974
1 1975

148, 638
144, 563

148, 583
144, 638

41
42

1976
1976

9. 7
.5

9. 6
.4

Table

Line or
Column

6. 1
6. 1
6. 1
6. 1
6. 1
6. 1
6. 1
6. 1

108
108
108
108
170
170
170
170

1973
1974
1975
1976
1973
1974
1975
1976

0
0
0
0
0
0
0
0

6.2

31

1973

18.9

7.2
7.2
7.2
7. 2

16
16
17
17

1977-1
1977-11
1977-1
1977-11

Period

Published

Correct

1
1
1
1
1
1
1
• 1

able

Line or
Column

7. 5
7. 5
7. 5
7. 5
7. 5
7. 5
7. 5
7. 5
7. 5

5
5
5
5
5
5
5
5
5

n

Period

Correct

1975-1
1975-11
1975-III
1975-IV
1976-1
1978-11
1976-III
1976-IV
1977-1

127.0
129. 0
130.9
132.2
133. 5
135. 4
137. 3
138.4
140.8

125. 3
127. 0
129. 0
130. 9
132. 2
133. 5
135. 4
137. 3
138. 4

105. 6

105. 2

6. 9
5.7
-18.5
-24. 1

6. 8
5. 6
15. 4
7. 4

18. 4
7. 15

142.9
144.9
142.8
144. 0

Published

142.
144.
142.
143.

7
7
3
5

26

1973

8. 9
8. 9
8. 9
8. 9

70
75
96
98

1977-1
1977-1
1977-11
1977-11

VTlM 1 DETAIL WITHIN 24 HOURS of official release will be available through a new service to begin in October.
The service called NIPAGRAM (national income and product accounts by Mailgram), will provide quarterly information on the 650 series appearing in the 27 National Income and Product Tables in the SURVEY OF CURRENT BUSINESS.
In each month except July, subscribers to the service will receive a Mailgram containing preliminary or revised
estimates of the national income and product accounts. Because of the large amount of information released in July,
present plans call for airmailing to subscribers the revised estimates for the preceding 3 years and for the first two
quarters of the current year. In April there will be an extra Mailgram on revised corporate profit estimates for the fourth
quarter of the previous year.
Annual subscription to NIPAGRAM costs $120 for the contiguous United States and Hawaii, and $145 for Alaska
and Canada.
Orders for NIPAGRAM should be addressed to the NATIONAL TECHNICAL INFORMATION SERVICE,
U.S. Department of Commerce, 5285 Port Royal Road, Springfield, Virginia 22161. Those who have a deposit account
with NTIS or wish to use American Express can place orders by telephone. The number is (703) 557-4630.




August 1977

SURVEY OF CUEEENT BUSINESS

NATIONAL INCOME AND PRODUCT TABLES
1977

1976
1975

1976

I

II

III

IV

I

1976
II

1975

1976

I

II

Seasonally adjusted at annual rates

1977
III

IV

I

II

Seasonally adjusted at annual rates

Billions of current dollars

Billions of 1972 dollars

Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
1,528.8 1,706.5 1,651.2 1,691.9 1,727.3 1,755.4 1,810.8 1,869.7 1,202.1 1,274.7 1,256.0 1,271.5 1,283.7 1,287.4 1,311.0

Gross national product
Personal consumption expenditures..

775.1

821.3

807.2

815.5

822.7

132.9
409.3
438.2

Durable goods
Nondurable goods.
Services

980.4 1,094.0 1,056.0 1,078.5 1,102.2 1,139.0 1,172. 4 1,194.0
158.9
442.7
492.3

153.3
430.4
472.4

156.7
437.1
484.6

159.3
444.7
498.2

166.3
458.8
513.9

177.0
466.6
528.8

112.7
307.6
354.8

127.5
321.6
372.2

125.4
316.1
365.6

126.7
319.3
369.6

127.1
321.5
374.0

178.6
474.4
541.1

1,330.6

850.4
130.7
329.4
379.7

854.1

136.9
329.7
383.8

137.9
330.0
386. 3

189.1

243.3

231.3

244.4

254.3

243.4

271.8

294.9

141.6

173.0

168.1

175.2

179.4

169.2

186.7

197.2

200.6

230.0

216.8

226.1

232.8

244.3

258.0

273.2

151.5

164.5

158.4

163.1

165.6

171.0

177.0

184.0

Nonresidential
Structures
Producers' durable equipment..

149.1
52.9
96.3

161.9
55.8
106.1

155.4
54.7
100.8

159.8
55.8
104.0

164.9
56.0
109.0

167.6
57.0
110.6

177.0
57.9
119.2

182.4
61.0
121.4

112.7
36.3
76.5

116.8
37.1
79.7

113.7
36.8
76.8

115.9
37.1
78.9

118.5
37.1
81.4

119.0
37.3
81.7

124.3
37.0
87.3

126.4
38.2
88.1

Residential
Nonfarm structures
Farm structures
Producers' durable equipment..

51.5
49.5
.9
1.1

68.0
65.7
1.0
1.3

61.4
58.9
1.2
1.2

66.3
64.1
1.0
1.2

67.8
65.7
.9
1.3

76.7
74.3
1.1
1.3

81.0
78.5
1.1
1.4

90.8
88.2
1.2
1.4

38.8
37.1
.7
.9

47.7
46.0
.7
1.0

44.8
42.9
.9
1.0

47.1
45.4
.7
1.0

47.1
45.4
.6
1.0

52.0
50.2
.7
1.1

52.7
50.9
.7
1.1

57.6
55.7

-11. 5
-15.1
3.6

13.3
14.9
-1.6

14.5
15.9
-1.4

18.3
20.4
-2.2

21.5
22.0
-.5

1.4
-2.3

13.8
14.1
-.3

21.7
22.4
-.7

-9.9
-11.2
1.2

8.5
10.1
-1.6

9.7
11.1
-1.4

12.1
14.3
-2.1

13.8
14.4
-.6

-1.8
.7
-2.5

9.7
9.9
-.2

13.2
13.6

Gross private domestic investment..
Fixed investment

Change in business inventories.
Nonfarm
Farm

20.4

Exports
Imports
Government purchases of goods and services..
Federal
National defense..
Non defense
State and local

7.8

10.2

10.2

7.9

3.0

-8.2

-9.8

22.5

16.0

16.8

16.4

17.0

13.8

10.6

9.3

147.3
126.9

162.9
155.1

153.9
143.7

160.6
150.4

168.4
160.6

168.5
165.6

170.4
178.6

89.9
67.4

95.8
79.8

93.1
76.3

95.2

97.9 I
80.9 ,

96.9
83.1

96.9
86.3

98.5
89.2

338.9

361.4

353.6

358.9

363.0

370.0

374.9

178.0
187.8
390.6

263.0

264.4

263.9

264.6 ! 264.6

263.3

270.0

123.3
83.9
39.4
215.6

Net export of goods and services

130.1
86.8
43.3
231.2

127.6
86.3
41.3
225.9

128.5
86.0
42.5
230.4

130.2
86.4
43.8
232.7

134.2
88.4
45.8
235.8

136.3
89.7
46.7
238.5

143.6
93.4
50.2
247.0

96.7

96.5

96.4

97.1

97.0

101.1

166.3

167.9

167.5

167.5

166.4

78.9
264.5
96.1
168.4

96.7 I
168.0

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

1,528.8 1,706.5 1,651.2 1,691.9 1,727.3 1,755. 4 1,810.8 1,869.7 1,202.1 1,274.7 1,256.0 1,271.5 1,283.7 1,287.4 1,311.0

1,330.6

Final sales
Change in business inventories.
Goods
Final sales
Change in business inventories.

1,540.3 1,693.1 1,636. 7 1,673. 7 1,705. 8 1, 756.3 1, 797. 0 1,848. 0 1,212. 0 1, 266.2 1, 246.3 1, 259.4 1, 269. 8 1, 289.2 1,301.2
12.1
-1.8
-11.5
13.8
13.8
-9.9
13.3
14.5
21.5
-.9
21.7
9.7
18.3
8.5
9.7
602.4
538.8
571.8
579.8
581.9
827.1
586.9
686.2
764.2
744.6
774.7
805.9
580.1
761.7
776.0
583.7
592.7
562.1
573.0
805.4
567.6
697.7
792.1
548.7
571.6
750.9
730.0
754.5
775.6
743.4
-1.8
13.8
9.7
9.7
12.1
13.8
21.7
8.5
-11.5
21.5
-9.9
13.3
14.5
-.9
18.3

1,317.4
13.2
608.5
595.3
13.2

Durable goods
Final sales
Change in business inventories.

258.2
267.5
-9.2

303.4
299.3
4.1

285.6
287.6
-2.0

301.9
294.9
7.0

313.4
302.7
10.7

312.6
312.0
.6

334.4
326.6
7.8

341.0
329.5
11.5

212.0
219.2
-7.2

235.2
232.4
2.8

227.0
228.1
-1.2

235.9
230.9
5.0

240.8
233.5
7.2

237.0
237.0
.1

252.3
246.7
5.6

254.7
247.4
7.3

Nondurable goods
Final sales
Change in business inventories.

428.0
430.2
-2.2

460.9
451.6
9.3

459.0
442.4
16.6

459.7
448.5
11.2

462.6
451.8
10.9

462.1
463.6
-1.6

471.5
465.6
6.0

486.1
475.9
10.2

326.8
329.5
2. 7

344.9
339.3
5.7

344.9
334.0
10.8

343.9
336.8
7.1

346.1
339.5
6.6

344.8
346.7
-1.9

350.1
346.0
4.2

353.8
347.9
5.8

699.2
143.5

782.0
160.2

751.6
155.0

770.8
159.4

791.8
159.6

813.8
166.9

833.7
171.2

855.2
187.5

560.7
102.7

584.7
109.9

575.4
108.7

581.7
110.1

587.9
108.8

593.6
111.9

597.1
111.5

602.8
119.3

1,528.8 1,706.5 1,651.2 1,691.9 1,727.3 1,755.4 1,810.8 1,869.7 1,202.1 1,274.7 1,256.0 1,271.5 1,283.7 1,287.4 1,311.0

1,330.6

Services
Structures..

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product.
Gross domestic product
Business
Nonfarm
Nonfarm less housing.
Housing
Farm
Statistical discrepancy..
Residual1
Households and institutionsGovernment
Federal
State and local..
Rest of the world.

1,518.3 1,692.1 1,637.0 1,678.4 1,712.0 1,740.9 1,793.2 1,851.4 1,197.3 1,268.0 1,249.2 1,265.1 1,276.7 1,280.9
1, 289. 6 1,444. 3 1,395.8 1,433.3 1,463. 0
1,234. 6 1,390.9 1,343.1 1,378. 0 1,409.4
1,115.1 1, 258.7 1, 215.6 1, 247. 0 1, 275.4
119.5
132.3
127.5
130.9
134.0
49.2
47.9
48.6
50.9
45.6
5.9
5.5
4.2
4.5
8.0

1,303.3 1,322.8

485. 2 1,532.3 1, 586. 4 1,013.7 1, 082. 0 1, 064. 2 1,079.3 1,090.5 1,093.9 1,116. 2 1,134. 9
433.4 1,478.0 1, 536. 3 974.3 1,043. 8 1,026. 4 1,042. 5 1,051. 2 1,054. 8 1,077. 8 1,099. 5
296. 8 1,337. 4 1, 392. 2 870.5
966.7
987.5
941.6
944.7
934.9
919.3
934.0
103.7
136.5
140.6
111.1
112.1
109.6
110.2
108.8
107.1
108.5
144.1
33.8
46.4
51.0
35.1
34.9
32.2
34.1
33.0
33.3
32.3
50.8
5.3
3.3
-.7
.5
3.4
4.5
4.9
7.0
5.6
5.2
4.5

50.4

56.2

54.4

55.5

56.4

58.3

60.4

62.0

38.9

40.2

40.1

40.3

40.0

40.6

40.6

41.2

178.2
59.0
119.2

191.6
62.4
129.2

186.8
61.4
125.4

189.6
61.6
128.1

192.6
61.8
130.7

197.5
64.7
132.8

200.5
65.4
135.1

203.1
65.5
137.6

144.6
48.5
96.1

144.9
48.3
96.6

145.5
48.3
97.2

146.5
48.6
97.9

146.7
48.6
98.1

14.4

14.2

13.5

15.3

14.4

17.6

18.3

4.9

6.8

6.4

146.2
48.5
97.7
7.0

146.4
48.6
97.8

10.5

145.8
48.4
97.3
6.7

6.5

7.7

7.8

HISTORICAL STATISTICS
The national income and product data for 1929-72 are in The Documents; see addresses inside front cover). Data for 1973 and
1974-76 are in the July 1976 and July 1977 issues of the SURVEY,
Statistical Tables (available for $4.95, SN 003-010-00052-9, from respectively (except for seasonally unadjusted quarterly estimates,
Commerce Department District Office or the Superintendent of which are in the September 1976 and August 1977 issues).
National Income and Product Accounts of the United States, 1929-74:




SURVEY OF CURRENT BUSINESS

6

1977

1976
1975

1976

I

II

August 1977

III

I

IV

1976

II

1975

1976

Seasonally adjusted at annual rates

,528.8 1,706.5 1,651.2 1,691.9 1,727.3 1,755.4 1,810.8 1,869.7

179.0

173.8

177.0

130.9

142.0

137.5

140.1

184.5

189.0

193.3

146.7

180.!

149.0

151.2

- 3 1 . 7 - 3 7 . 1 - 3 6 . 3 -36.9 - 3 7 . 4 - 3 7 . 8 - 4 0 . 0 - 4 2 . 1

Equals: Net national product.. 1,366. 3 1, 527.4 1,477.4 1,514. 9 1 546.5 1,570.9 1,621.8 1,676.4

Less: Indirect business tax
and nontax liability
Business transfer payments
Statistical discrepancy _.
Plus: Subsidies less current
surplus of Government enterprises
Equals: National income

Less: Corporate profits with
inventory valuation
and capital consumption adjustments
Net interest
Contributions for social
insurance
Wage accruals less disbursements

138.7

150.5

145.5

7.0
5.

8.1
5.5

7.
4.2

8.0
4.5

1.0

.5

155.5

160.1

163.3

8.2
8.0

8.4
5.3

8.7
3.3

8.9
-.7

1.1

.5

.5

.1

149.1

2.3

128.1
88.4

126.5
85.0

129.2
86.5

133.5
90.1

123.1
92.0

125.4
95.3

110.1

123.8

120.3

122.8

124.7

127.5

135.0

138.0

0

0

0

0

0

0

0

0

139.7
98.9

1,253.4 1,382.7 1,338.1 1,366.7 1,393. 9 1, 432.2 1,476.8 1,517.2

Billions of 1972 dollars

Less: Capital consumption
allowances with capital consumption adjustment

1,202.1 1,274.7 1,256.0 1,271.5 1,283.7 1,287.4 1,311.0 1,330.6

122.2

126.0! 125.0

125.6

126.3

127.0

128.0

129.2

Equals: Net national product.. 1,079. 9 1,148.71,131.0 1,145.9 1
1,157.4 1,160.4 1,182. 9 1, 201.4

Less: Indirect business tax
and nontax liability
plus business transfer
payments less subsidies plus current surplus of government
enterprises
Residual
Equals: National income




II

1,366.3 1 ,527.4 1,477.4 1,514.9 1,546.5 1,570.9 1,621.8 1,
[,676.4
1,355.7 1,,513.1 1,463.2 1,501.4 1,531.2 1,556.5 1,604.2 1, 658.2
L,

B usiness
1,127.1 1,265. 3 1, 222. 0 1 256. 2 1 282.2 ,300.7 1,343.31,, 393.1
,
,
Nonfarm
.,
1,084. 0 1 225. 0 1 , 182.1 1,213. 9 1, 241.8 ,262.5.4 1 ,302.9 1, 357.3
Farm
34.8
37.2
35.8
37.9
32.4
37.1
32.9
36.6
Statistical discrepancy
5.5
4.2
5.9
4.5
8.0
3.3
n
5.3
Households and institutions- 50.4 56.2 54.4 55.5 56.4 58.3 60.4 62! 0
Government
178.2 191.6 186.8 189.6 192.6 197.5 200.5 203.1
Rest of the world
National income
Domestic income

B usiness
Nonfarm
Farm
Households and institutionsGovernment
Rest of the world.

10.5

14.4

118.9

126.1

123.4

124.9

126.9

129.2

131.1

131.9

5.6

5.2

4.5

4.5

7.0

4.9

3.4

.5

1,023.5 1,026.3 1,048.4 1,069.0
955.3 1,017.4 1,003.1 1,016.5 1,

14.2

13.5

15.3

14.4

17.6

18.3

1,217. 0 1,364.1 1,321.0 1,353.91 ,379. 6 1,402.1 1,450. 2 1
1,505.1
1,206.4 1,349.8 1,306.8 1,340.4 1,364.3 1,387.6 1,432.6 1,486.8
977.8 1,102. 0 1
942. 3 1,069. 2 1
35.5
32.7
50.4
56.2
178.2 191.6
10.5

14.4

065.6 1,095. 2 1,115.3 1, 131. 8 1, 171.7 1,221. 8
032.1 1,059. 5 1, 084.
100.
, 135.1 1,186. 8
33.5
35.7
30.5
31.4
35.0
55.5
56.4
60.4
54.4
58.3
62.0
186.8 189.6 192.6 197.5 200.5 203.1
14.2

13.5

15.3

14.4

17.6

18.3

Billions of 1972 dollars
Net national product-.

99.3
79.1

Table 5.—Relation of Gross National Product, Net National
Product, and National Income in Constant Dollars (1.10)

Gross national product

Net national product

1,217.0 1,364.1 1,321. 0 1,353.9 1,379. 6 1, 402.1 1,450.2 1,505.1

Plus: Government transfer
payments to persons. _ 169.8 184.7 182.5 180.8 186.2 189.5 194.8 194.0
Personal interest income. 115.6 130.3 125.0 127.5 132.3 136.4 140.3 145.4
88.4
92.0
98.9
86.5
95.3
85.0
Net interest
79.1
90.1
Interest paid by government to persons
40.6
42.3
and business
39.0
37.8
39.8
41.2
33.3
39.3
Less: Interest received
22.6
24.7
by government
19.7
22.3
21.6
23.1
22.4
23.7
Interest paid by con26.3
27.5
24.4
23.8
25.5
28.9
25.0
sumers to business. _ 22.9
38.4
38.5
32.4
33.6
40.3
35.8
36.0
Dividends
35.0
Business transfer pay7.8
ments
8.1
8.9
7.0
8.0
8.2
8.4
Equals: Personal income

I

IV

Table 6.—Net National Product and National Income by Sector in
Current and Constant Dollars (1.11, 1.12)

Net domestic product
162.5

III

Billions of dollars

Table 4.—Relation of Gross National Product, Net National
Product, National Income, and Personal Income (1.9)

Less: Capital consumption
allowances with
capital consumption adjustment
Capital consumption
allowances without
capital consumption adjustment
Less: Capital consumption adjustment

II

Seasonally adjusted at annual rates

Billions of current dollars

Gross national product

I

1977

Net domestic product

Business
Nonfarm
Firm
Residual*
Households and institutionsGovernment
Rest of the world
National income
Domestic income

B usiness
Nonfarm
Farm
Households and institutionsGovernment
Rest of the world..

1,079.9 1,148.7 1,131.0 1,145.9 1,157.4 1,160.4 1,182. 9 1,201.4
1,075.0 1,142. 0 1,124.2 1,139.5 1,150.4 1,153.9 1,175.2 1,193.6
891.4
860.8
25.0
5.6
38.9
144.6

956.0
927.0
23.8
5.2
40.2
145.8

4. 9

6. 7

939.2 953.7
910. 6 926.0
24.2
23.1
4.5
4.5
40.1
40.3
144. 9: 145.5
6.8

6.4

964.2
934.2
23.0
7.0
40.0
146.2

937.2
24.8
4.9
40.6
146.4

7.0

6.5

988.2 1,005. 7
959.2 979. 9
25.6
25.4
3.4
.5
40.6
41.2
146.5 146.7
7.7

7.8

955.3 1,017. 4 1 003.1 1,016.51, 023.5 1,026.3 1,048.4 1,069.0
950.4 1,010.7
766.9
740.6
26.3
38.9
144.6

824.7
799.2
25.5
40.2
145.8

4.9

6.7

996.3 1,010.1 1,016.5 1,019.8 1,040.7 1,061.2
811.3 824.3
785.5; 799.3
25.8
25.0
40.1
40.3
144.9 145.5
6.8

5.4

830.3
805.8
24.5
40.0
146.4

832.8
806.3
26.5
40.6
146.4

853.7
826.4
27.3
40.6
146.5

873.3
846.4

7.0

6.5

7.7

7.8

26.9

41.2
146.7

1. Equals GNP in constant dollars measured as the sum of final products less GNP in
constant dollars measured as the sum of gross product by industry. The quarterly estimates
are obtained by interpolating the annual estimates with the statistical discrepancy deflated
by the implicit price deflator for gross domestic business product.
NOTE.— Table 6: The industry classification within the business sector is on an establishment basis and is based on the 1972 Standard Industrial Classification.
Footnotes for tables 2 and 3.

1 Equals GNP in constant dollars measured as the sum of final products less GNP in
constant dollars measured as the sum of gross product by industry. The quarterly estimates
are obtained by interpolating the annual estimates with the statistical discrepancy deflated
by the implicit price deflator for gross domestic businss product.
NOTE —Table 2* "Final sales" is classified as durable or nondurable by type of product.
"Change in business inventories" is classified as follows: For manufacturing, by the type of
product produced by the establishment holding the inventory; for trade, by the type of
product sold by the establishment holding the inventory; for construction, durable; and for
other industries, nondurable.
,, .
L ,,. ,
Table 3: The industry classification within the business sector is on an establishment basis
and is based on the 1972 Standard Industrial Classification.

SUKVEY OF CUEKENT BUSINESS

August 1977

1976
1975

1976

II

1977
III

1976
II

IV

1975

1976

Seasonally adjusted at annual rates

Wages and salaries
Government and Government enterprises
Other
Supplements to wages and
salaries
Employer contributions
for social insurance
O ther labor income
Proprietors' income with inventory valuation and capital consumption adjustments.
Farm__
Proprietors' income with
inventory valuation adjustment and without
capital consumption adjustment
Capital consumption adjustment
Nonfarm
Proptietors' income without inventory valuation
and capital consumption adj ustments
Inventory valuation adjustment
Capital consumption adjustment
Rental income of persons with
capital consumption adjustment
Rental income of persons
Capital consumption adjustment
Corporate profits with inventory valuation a n d capital
consumption adjustments
Corporate profits with inventory valuation adjustment and without capital
consumption adjustment..
Profits before tax
Profits tax liability
Profits after t a x .
Dividends..
Undistributed profits.
Inventory valuation adjustment
Capital consumption adjustment
Net interest
Addenda:
Corporate profits with inventory valuation and capital
consumption adjustments:
Profits after t a x .
Undistributed profits

,505.1
,379. 6 1 ,402.1 1,450. 2 1

,024.

,046. 5 1 , 074.2 1
,109.9 1,144.7

930.3 ., 036.3

999.

805.7

891.8

861.5

882.4

900.2

923.2

951.3

175.4
630.3

187.2
704.

182.7
678.8

185.4
697.0

188.2
712.0

192.5
730.7

194.8
756.4

197.2
783.6

124.6

144.5

138.1

142.5

146.3

150.9

158.6

163.8

59.8
64.9

68.6
75.9

66.4
71.7

68.0
74.5

69.1
77.3

70.9
80.0

75.4
83.2

77.1
86.7

86.0

88.0

86.9

90.4

86.2

88.7

95.1

97.0

23.2

18.6

20.0

21.6

16.2

16.6

20.7

19.7

26.8

22.8

24.1

25.8

20.3

20.8

25.0

24.2

-3.6
62.8

-4.2
69.4

-4.
66.9

-4.2
68.8

-4.2
70.0

-4.2
72.0

-4.2
74.3

-4.5
77.3

63.4

70.4

67.6

70.1

70.

73.2

76.1

78.9

-1.2

-1.3

-1.0

-1.5

-1.1

-1.7

-2.0

-1.7

.6

.3

.4

.5

.3

22.3

23.3

22.9

23.3

24.1

24.5

24.9

36.8

40.0

39.4

40.3

41.5

42.9

44.6

-15.9 -16.4 -16.9 -17.3 -18.4 -19.7

Capital consumption allowances with capital consumption adjustment

11.6

11.4

11.2

44.0

51.0

48.6

50.3

126.5

129.

133.5

123.1

52.0

52.9

54.0

55.2

Gross domestic product of non1,094.2
financial corporate b u s i n e s s . . . 875.2 991.0 958.4 983.6 1,004.7 1,017. 1,049.3 1
112.5

114.2

Net domestic product
_
Indirect business tax and nontax
liability plus business transfer
payments less subsidies _ _

778.0 884.0 854.4 877.9 896.7 907.0 936.8

980.0

100.0 102.5 105.3

107.5

Domestic income
Compensation of employees
Wages and salaries...
Supplements to wages and
salaries
Corporate profits with inventory valuation and capital
consumption adjustments
Profits before tax
—
Profits tax liability
Profits after tax
Dividends. _
Undistributed profits
Inventory valuation adjustment
Capital
consumption
adjustment

685.8 784.6 758.3 779.1 796.6 804.5 831.6
576.6 650.3 626.1 643.3 657.3 674.4 700.6
492.7 552.6 532.8 546.9 558.2 572.3 593.1

872.6
727.4
615.7

99.1 102.0 107.5

111.7

97.3 107.0 104.0 105.6 108.0 110.

92.1

83.9

96.1

97.7

93.3

109.1
78.3 101.9 100.2 103.6 106.8 97.1
102.3 130.6 127.0 133.5 133.0 128.7 132.4 142.7
57.4
52.8
40.8 53.7 52.1 55.1 54.8 52.
85.3
61.6 76.9 74.9 78.4 78.2 76.0 79.5
37.2
29.0 32.4 28.3 32.1 33.2 36.0 35.2
46.5 46.3 45.0 40.0 44.3 48.0
32.5 44.
-14.1 -12.4 -15.5 -11.7 - 1 6 . 9 ^ 2 0 . 6 -17.8
-12.0

-14.5 -14.3 -14.4 -14.5 -14.' -15.5 -15.8
34.6

36.1

678.9 731.0 719.4 731.3 736.6 736.5 753.3

771.3

Net interest
128.1

II

125.1 115.4 115.3 128.9
151.4 147.1 151.6 162.6
65.9 63.9 64.4
69.3
85.5 83.2 87.2
93.3
32.4 35.5 34.5
36.5
53.1 47.7 52.7
56.8
-11.7 - 1 6 .
-20.6 -17.8
-14.7 -14.8
-15.6 -15.9
11.3 11.5 11.7
12.7
12.2

-12.0

32.4
30.9

125.4 139.7

31.9

32.2

32.6

33.0

Billions of 1972 dollars
111.5
123.5
50.2
73.4
32.4
41.0

142.7
156.9
64.
92.1
35.8
56.4

141
153.5
63.1
90.
33.6

56.8

143.7
159.2
66.1
93.1
35.0
58.1

148.2
159.9
65.9
94.0
36.0
58.0

137.9
154.8
63.9
90.9
38.4
52.

141.0
161.7
64.4
97.2
38.5
58.8

155.6
173.4
69.3
104.1
40.3
63.8

-12.0 -14.1 -12.4 -15.5 -11.

-16.9 -20.6 -17.8

- 1 2 . 2 -14.

Gross domestic product of nonfinancial corporate business

Capital consumption allowances with
72.9 74.9 74.5 74.7 75.0 75.3 75.8
capital consumption adjustment
606.0 656.1 644.9 656.6 661.6 661.3 677.5
Net domestic product
Indirect business tax and nontax
liability plus business transfer
78.3 82.9 81.3 82.3 83.1 84.7 86.0
payments less subsidies _ _
Domestic income
_
_. 527.7 573.2 563.6 574.2 578.5 576.6 591.5

76.5
694.8
86.2

-14.8 -15.6 -15.9

79.1

49.1
16.

-14.6 -14.6 -14.
85.0

63.3
27.6

63.4
29.8

86.5

63.1
28.0

90.1

67.6
31.6

92.0

59.2
20.8

Dollars

95.3
Current-dollar cost and profit
per unit of constant-dollar gross
domestic product 2
61.0
22.5

70.3
30.1

Table 8.—Gross Domestic Product of Corporate Business (1.15, 7.8)
Gross domestic product
of corporate business...

Net interest .

Capital consumption allowances with
capital consumption adjustment

99.3

I

Corporate profits with inventory
valuation and capital consumption adjustments
_
119 9 117.8 121.5
Profits before tax
117.4 148.7 144.9 151.6
Profits tax liability
50.2 64.7 63.1 66.1
Profits after tax
67.2 84.0 81.8 85.5
Dividends.
31.4
29.4 31.8 27.
Undistributed profits
37.9 52.2 54.0 54.1
Inventory valuation adjustment- -12.0 -14.1 -12.4 -15.5
Capital consumption adjustment
•12.2 -14.7 -14.6 -14.6

Gross domestic product of financial corporate business 1

-14.5 -16.

IV

Table 8.—Gross Domestic Product of Corporate Business—Con.

,217.0 1,364.1 ,321. 0 1 ,353.

23.0

III

BiUions of dollars

Table 7.—National Income by Type of Income (1.13)
National income

II

Seasonally adjusted at annual rates

Billions of dollars

Compensation of employees—

I

1977

919.2 1,041.9 1,007.0 1,033.9 1,056.6 1,070.1 1,103.3 1,149.4

101.7

111.8

Net domestic product
Indirect business tax and
nontax liability plus business transfer payments less
subsidies

817.5

930.1

99.9

108.3

104.7

107.7

109.2

111.9

115.0

717.6

821.8

793.7

815.8

834.6

843.0

870.7

912.5

612.9
523.0

690.4
585.9

664.6
564.8

683.0
579.9

592.1

715.9
606.9

743.1
628.4

770.9
651.8

104.5

99.8

103.1

105.9

109.0

114.8

119.1

Domestic income
Compensation of employees
Corporate profits with inventory
valuation and capital consumption adjustments
Profits tax liability
Profits after tax with inventory valuation and capital consumption adjustments
Net interest

1.289 1.356 1.332 1.345 1.364 1.381 1.393

1.419

.143 .146 .145 .144 .147 .150 .149
1.146 1.209 1.188 1.201 1.217 1.231 1.244

.148
1.271

.136 .136 .134 .135 .136 .139 .140
1.010 1.073 1.054 1.065 1.081 1.092 1.104
.870 .880 .892 .916 .930
.849

1.131
.943

.139

.115
.060

.139
.073

.139
.072

.142
.075

.145
.074

.132
.072

.128
.070

.141
.074

.055
.045

.066
.044

.067
.044

.066
.044

.071
.044

.060
.045

.058
.046

.067
.047

117.4

Domestic income
Compensation of employees
Wages and salaries
Supplements to wages
and salaries

Capital consumption allowances with
capital consumption adjustment
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies. _
—




108.7

110.4

112.9

115.2

117.6

923.4

943.7

954.9

985. 7 1., 029. 9

119.4

1 Consists of the following industries: Banking; credit agencies other than banks; security
and commodity brokers, dealers, and services; insurance carriers; regulated investment
companies; small business investment companies; and real estate investment trusts.
2. Equals the deflator for gross domestic product of nonfinancial corporate business with
the decimal point shifted two places to the left.

SURVEY OF CURRENT BUSINESS

8

1977

1976
1975

I

1976

II

August 1977

III

I

IV

1976

II

1975

1976

II

Seasonally adjusted at annual rates

Addenda:
Domestic output of new
autos i
Sales of imported new autos 2 . .

46.2

62.9

61.1

63.5

60.9

66.1

74.1

73.2

47.5
40.7

61.8
55.0

59.5
52.7

61.6
54.5

61.4
54.8

64.9
58.1

73.0
65.0

73.3

30.0

39.2

38.9

39.5

37.8

40.8

45.8

10.7

15.8

13.8

15.0

16.9

17.3

19.2

7.9
12.9

8.8
15.7

9.0
15.1

8.9
15.6

8.4
15.5

8.7
16.6

9.8
18.8

17.8
10.3
19.5

-5.0
-1.6
5.5
7.1

-7.0
-2.6
6.4
8.9

-6.2
-2.8
6.1
8.9

-6.7
-2.5
6.5
9.1

-7.1
-2.4
6.4
8.8

-7.9
-2.6
6.4
9.0

-9.0
-2.5
7.1
9.6

-9.2
-2.8
7.3
10.1

.6

.6

.6

.6

.6

.6

.7

.7

-1.4
-1.8
.4

1.0
1.0
0

1.6
1.2
.5

1.9
1.8
.1

-.5
0
-.6

1.0
1.3
-.3

-.1
-.7

37.2
10.5

50.5
11.5

50.1
10.3

51.0
11.6

48.2
11.6

65.1
47.3

Final sales
Personal consumption expenditures
New autos
Net purchases of used
autos.
Producers' durable equipment
New autos
Net purchases of used
autos
Net exports
Exports
Imports
Government purchases of
goods and services
Change in business inventories of new and used
autos
New
Used
Addenda:
Domestic output of new
autos 1
Sales of imported new autos 2_

39. 8

50. 1

49. 9

51. 1

48.2

52.6
12.6

60.4
14.0

59.4
16.9

51. 2

56.8

56.4

40. 9

49. 4

48 9

49. 8

48.6

50. 3

55.8

56.1

33. 6
26. 0

41. 6
32. 1

41. 3
32. 3

41. 8
32. 6

40.9
30.9

42. 5
32. 7

46.5
36.3

46.6
37.1

7. 5

9. 5

9. 1

9. 2

10.0

9. 8

7.4
11.2

8.3
12.9

8.2
12.6

8.5
12.9

8.1
12.7

8.3
13.3

9.6
14.9

10.0
15.3

-3 8
5
4 7
5 3

-4. 6
— 1.0
5. 2
6. 2

-4.4
-1.1
5.1
6.2

-4.4
-1.0
5.4
6.4

-4.6
-.9
5.3
6.2

-5.0
-1.0
5.1
6.1

-5.3
-1.0
5.6
6.6

-5.3
-1.1
5.7
6.8

5

5

-1 1
-1 4
3

32 3
9 1

0*

7
7

41 3
9 4

5

1 0

7
3

41.7
8.5

5

13
12
1

42.1
9.5

.5

-.4
-.1
-.4

39.4
9.5

9.4

.6

5

Table 10.—Personal Income and Its Disposition (2.1)
Personal income _
Wage and salary disbursements. .
Commodity-producing industries 3 . .
Manufacturing
Distributive industries 4 . . .
Service industries 5
Government and government enterprises. .

,253.4 ,382.7

338 1

366 7

393 9

432 2

476 8 1 517 2

805.7

891.8

861.5

882.4

900 2

923 2

951 3

980 9

275.0
211.0
195.4
159.9

308.5
238.2
217.1
179.0

298.6
230.6
208.2
172.0

306.7
236.7
213.7
176.6

310.8
240.2
220.2
180.9

317.7
245.1
226.4
186.7

329.0:
255.4 i
234.5'
193.0,

345.4
265.9
240.5
197.7

.9
8
1

42.1
10.1

1.1
1.2
-.1

47.8
11.1

175.4

187.2

182.7

185.4

188.2

192.5

194 8J

197 2

Other labor income

64.9

75.9

71.7

74.5

77.3

80.0

83.2

86 7

Proprietors' income with inventory valuation and
capital consumption adjustments
.

86.0

88.0

86.9

90.4

86.2

88.7

95.1

97.0

23 2
62 8

18.6
69 4

20.0
66.9

21.6
68 8

16.2
70 0

16.6
72 0

20.7
74 3

19.7
77 3

Rental income of persons
with capital consumption
adjustment

22.3

23.3

23.0

22.9

23.3

24.1

24.5

24.9

Dividends

32.4

35.8

33.6

35.0

36.0

38.4

38.5

40.3

115.6

130.3

125.0

127.5

132.3

136.4

140.3

145.4

Transfer payments

176.8

192.8

190.3

188.7

194.3

198.0

203.5

203.0

81.4

92.9

88.1

89.3

95.8

98.4

99.9

101.8

17.4
14.5

15.7
14.4

17.5
15.9

15.0
14.4

15.1
13.6

15.0
13.9

15.1
14.3

12.3
13.7

22.6

25.7

24.5

25.7

26.1

26.4

27.1

28.4

9.2
31.7

9.9
34.3

9.8
34.6

9.9
34.5

10.0
33.8

10.0
34.3

10.0
37.0

10.2
36.6

50.4

55.2

53.9

54.8

55.6

56.6

59.6

60.8

169.0

196.9

184.8

192.6

200.6

209.5

224.4

224.8

Farm
Nonfarm

Old-age, survivors, disability, and health insurance benefits
Government unemployment insurance benefits.
Veterans benefits
Government
employees
retirement benefits
Aid to families w i t h dependent children.
Other
Less: Personal contributions for social insurance..
Less: Personal tax and nontax
payments

Equals: Disposable personal
1,084.4 1,185.8 1,153.3 1,174.1 1,193.3 1,222.6 1,252.4 1,292.5
income
-.1
.3

46.6
13.3

1. Consists of final sales and change in business inventories of new autos produced in the
United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and
government purchases.
3. Consists of agriculture, forestry, and fisheries; mining; contract construction; and manufacturing.
4. Consists of transportation; communication; electric, gas, and sanitary services; and
trade.
5. Consists of finance, insurance, and real estate; services; and rest of the world.
NOTE.—Table 10: The industry classification of wage and salary disbursements and proprietors' income is on an establishment basis and is based on the 1972 Standard Industrial
Classification.




II

Personal interest income

1.2
1.0
.2

Billions of 1972 dollars
Auto output .

IV

Billions of dollars

Table 9.—Auto Output in Current and Constant Dollars (1.16, 1.17)
Auto output.

III

Seasonally adjusted at annual rates

Billions of dollars

Final sales
Personal consumption expenditures
New autos
Net purchases of used
autos
Producers' durable equipment
New autos.
New purchases of used
autos.
Net exports
Exports
Imports
Government purchases of
goods and services
Change in business inventories of new and used
autos
New
Used

1977

Less: Personal outlays
Personal consumption expenditures
Interest paid by consumers
to business
Personal transfer payments
to foreigners (net)

1,004.2 1,119.9 1,080.9 1,103.8 1,128.5 1,166.3 1,201.0 1,223.9
980.4 1, 094.0 1,056. 0 1, 078.5 1,102.2 1,139.0 1,172.4 1,194. 0
22.9

25.0

23.8

24.4

25.5

26.3

27.5

g

g

1.0

9

.9

1.0

1.1

1.0

80.2

65.9

72.4

70.3

64.8

56.3

51.4

68.5

857.3

890.3

881.5

887.8

890.7

901.5

908.4

924.5

Per capita:
Current dollars
1972 dollars

5,077
4 014

5,511
4,137

5,374
4,107

5,462
4,130

5,540
4,135

5,665
4,177

5,793
4,202

5,967
4,268

Population (millions)

213.6

215.2

214.6

214.9

215.4

215.8

216.2

216.6

7.4

5.6

6.3

6.0

5.4

4.6

4.1

5.3

Equals: Personal saving
Addenda:
Disposable personal income:
Total, billions of 1972 dollars

Personal saving as percentage
of disposable personal income

28.9

SUEVEY OF CUEEENT BUSINESS

August 1977

1976
1975

I

1976

II

1977
III

IV

I

1976
II

1975

1976

I

II

Seasonally adjusted at annual rates

1977
III

IV

I

II

Seasonally adjusted at annual rates

Billions of current dollars

Billions of 1972 dollars

Table 11.—Personal Consumption Expenditures by Major Type of Product in Current and Constant Dollars (2.3, 2.4)
980.4 1,093.9 1,056.0 1,078.5 1,102.2 1,139.0 1,172. 4 1,194.0

775.1

821.3

807.2

815.5

822.7

839.8

850.4

854.1

Durable goods
Motor vehicles and parts
Furniture and household equipment. _.
Other

132.9
53.9
58.0
21.0

158.9
71.9
63.9
23.1

153.3
68.8
62.0
22.5

156.7
71.0
63.0
22.7

159.3
72.1
63.9
23.3

166.3
75.7
66.5
24.1

177.0
85.3
67.4
24.2

178.6
84.5
69.3
24.8

112.7
45.1
49.8
17.8

127.5
55.7
52.8
19.0

125.4
55.1
51.7
18.7

126.7
55.7
52.2
18.7

127.1
55.4
52.7
19.0

130.7
56.7
54.6
19.5

136.9
62.7
54.8
19.4

137.9
62. 1
55.9
19.8

Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other

409.3
209.5
70.2
39.1
10.1
80.4

442.7
225.5
76.3
41.4
12.0
87.6

430.4
219.3
74.2
40.6
11.4
85.1

437.1
223.9
74.3
40.3
11.3
87.5

444.7
227.0
76.9
41.2
12.0
87.7

458.8
232.0
79.9
43.5
13.3
90.0

466.6
237.9
79.3
44.1
13.7
91.6

474.4
244.8
80.4
44.3
12.3
92.5

307.6
151.9
61.5
24.8

321.6
159.7
64.7
25.2

316.1
156.1
63.9
25.0

319.3
158.6
63.4
25.1

329.4
163.9
66.8
25.6

329.7
165.4
65.5
25.8

5.5

5.4

321.5
160.1
64.7
24.9
5.6

6.1

64.2

66.4

65.6

66.7

66.2

67.1

67.1

330.0
166.4
66.0
25.6
5.1
66.9

Services
Housing
Household operation
Electricity and gas
Other
Transportation
Other

438.2
150.8
64.2
29.0
35.2
32.2
191.0

492.3
167.9
73.0
33.3
39.6
36.8
214.6

472.4
161.5
69.5
31.5
38.0
34.8
206.6

484.6
166.2
70.4
31.4
39.1
36.3
211.8

498.2
170.4
73.1
32.8
40.3
37.6
217.1

513.9
173.7
78.8
37.6
41.2
38.7
222.8

528.8
177.6
80.7
38.7
42.0
39.5
230.9

541.1
181.9
79.2
36.1
43.1
40.5
239.4

354.8
129.3
50.1
20.6
29.5
28.4
146.9

372.2
136.3
52.7
21.6
31.1
28.9
154.3

365.6
133.8
51.6
21.3
30.3
28.7
151.5

369.6
135.8
51.6
20.7
30.9
28.8
153.3

374.0
137.3
52.5
21.0
31.5
29.0
155.2

379.7
138.2
55.1
23.4
31.8
29.1
157.3

383.8
139.2
55.8
23.6
32.2
29.2
159.6

386.3
140.3
54.6
21.7
32.9
29.3
162.0

Personal consumption expenditures

1976
1975

1976

I

II

5.1

5.7

1977

III

IV

I

II

1975

I

1976

II

III

IV

•I-

Seasonally adjusted at annual rates

Billions of dollars

Billions of dollars

Table 12.—Federal Government Receipts and Expenditures (3.2)

Table 13.—State and Local Government Receipts and Expenditures (3.4)

286.9 332.3 318.4 329.1 337.1 344.5 364.9 370.9

Personal tax and nontax receipts.
Income taxes
Estate and gift taxes
Nontaxes.

125.6 147.3 138.0 143.9 150.3 157.1 170.0 168.6
120.6 141.6 132.7 138.5 144.5 150.7 157.9 163.2
4.9
5.6
5.2
5.7
5.3
6.3 11.9
5.3
.1
.1
.1
.1
.1
.1
.1
.1

Corporate profits tax accruals

43.1

55.9

54.4

57.0

56.9

55.1

55.4

59.6

Indirect business tax and nontax
accruals
Excise taxes
Customs duties 1
Nontaxes.

24.0
16.4
5.9

23.4
16.9
4.6
1.9

22.7
16.7
4.3

23.2
16.7
4.6
1.

23.7
17.0
4.8
1.9

23.8
17.3
4.5
2.0

24.2
17.2
5.0
2.0

24.6
17.3
5.4
2.1

Contributions for social insurance

1.7

105.7

1.7
103.2

357.1
378.7
123.3 130.1 127.6 128.5 130.2 134.2 136.3 143.6
83.9 86.8 86.3 86.0 86.4 88.4 89.7 93.4
40.2 41.6 41.3 41.1 41.2 43.0 43.3 43.3
24.1 23.9 23.8 23.8 24.8 24.8 24.7
23.
16.6 17.6 17.4 17.4 17.3 18.2 18.5 18.5
43.7 45.2 45.1 44.9 45.2 45.4 46.4 50.2

Nondefense
Compensation of employees.
Other

39.4
18.8
20.6

Transfer payments..
To persons
To foreigners
State

105.0 106.2 108.4 115.4 118. 1
375.3 390.6 400.4 403.7 411.5

386.3

Purchases of goods and services
National defense
Compensation of, employees
Military.
.......
Civilian.
Other

43.3
20.8
22.6

41.3
20.2
21.1

42.5
20.5
22.0

43.8
20.7
23.2

45.8
21.7
24.0

46.7
22.1
24.6

50.2
22.2
28.0

149.1 162.0 160.2 157.8 163.9 166.3 170.7 169.3
146.1 158.8 157.1 155.0 160.0 163.1 167.8 166.4
3.2
3.1
3.9
3.2
3.0
2.7
2.9
2.9
and

local
54.6

Net interest paid
Interest paid
To persons and business
To foreigners
Less: Interest received by Government
Subsidies less current surplus of
Government enterprises
Subsidies
Less: Current surplus of Government enterprises

61.0

58.5

56.8

63.1

65.5

62.0

63.6

23.3
27.1
22.6
4

27.2
32.2
27.7
4,

26.2
30.9
26.5
4.4

26.
31.8
27.5
4.4

27.3
32.
28.1
4.6

28.5
33.4
28.
4.

28.6
34.1
29.2
4.9

29.1
35.1
29.9
5.2

3.

5.0

4.

5.

5.4

4.9

5.5

6.0

4.

5.9
5.

6.2
5.7

5.5
5.4

6.0
5.9

6.1
6.3

5.9
6.1

-2.0

-.1

Surplus or deficit (—), national
Income and product accounts.. - 7 0 . 2 - 5 4 . 0 - 6 0 . 3 -46.! - 5 3 . 5 - 5 5 . 9 - 3 8 . 8 - 4 0 . 6




Indirect business tax and nontax
accruals
Sales taxes
Property taxes
Other

235.7 264.7 253.8 258.4 269.0 277.5 281.0' 288.0
43.4
22.8
14.4
6.2

49.6
26.8
16.0
6.8

46.8
24.8
15.4
6.5

48.7
26.1
15.8
6.7

50.3
27.1
16.3
7.0

52.5
29.0
16.3
7.1

54.4!
30.3
16.8
7.3

56.2
31.4
17.2
7.5

7.1

8.9

8.6

9.1

9.0

8.8

9.0

9.7

114.7 127.1 122.7 126.0 128.1 131.7
51.4 57.3 55.5 57.1 57.3 59.11
52.3 57.6 55.5 56.9 58.2 59.7
11.0 12.3 11.7 12.0 12.5 12.9

-12.7 - 1 2 . 5 - 1 2 . 1 - 8 . 9 - 1 3 . 9 - 1 5 . 0 -10.0 - 7 . 9
__. - 5 7 . 6 - 4 1 . 5 - 4 8 . 3 - 3 7 . - 3 9 . 6 - 4 0 . 9 - 2 8 . 8

135.9 138.6
61.7 63.1
61.0 62.1
13.2 13.5

Contributions for social insurance

15.

18.1

17.2

17. 8j 18. 5 19.1

19.5

19.9

Federal grants-in-aid

54.6

61.0

58.5

56. 8' 63.1

65.5

62.0

63.6

Expenditures

229.8 246.2 240.5 245.5 247.9 251.1 253.7 262.6

I

Purchases of goods and services.
Compensation of employees. _.
Other

215.6 231.2 225.9 230.4 232.7 235.8 238.5 247.0
119.2' 129.2 125.4 128.1 130.7 132.8 135.1 137.6
103.1 103.4 109.4
96.4; 102.0 100.6 102.3

Transfer payments to persons

23. 8; 25.9 25.3 25.8 26.2 26.5 27.0
-5.2 -5.7 -5.6 -5.' -6.0 -5.7 -6.2 -6.3
10.7 11.6 11.3 11.5 11.7 12.0 12.1 12.4

Net interest paid
Interest paid
Less: Interest received by Government
Subsidies less current surplus of
government enterprises
Subsidies
Less: Current surplus of government enterprises

16.9: 17.2

17.6

17.7

18.3

15.9

17.3

-4.5
.2

-5.2
.2

4.6

5.4

5.3,

5. 2

5.3

5.8

6.0

6.0

5.9

18.4

13.3

12.9

21.1

26.5

27.3

25.4

14.5
3.9

13.7 14.4
-.4". - 1 . 5

14.8
6.2

15.2
11.3

15.4
11.9

15.5
9.9

-5.1 -5.0 -5.1 -5.5 -5.7 - 5 . 7
. 3
.3
.2
.2
.2

Less: Wage accruals less disbursements
Surplus or deficit (—), national
income and product accounts_.
Social insurance funds
Other funds

12.1
-6.2

.3

Less: Wage accruals less disbursements

Social insurance funds
Other funds

Receipts .
Personal tax and nontax receipts
Income taxes
Nontaxes
Other
Corporate profits tax accruals

94.2

Expenditures

Grants-in-aid to
governments

1977

1976

Seasonally adjusted at annual rates

Receipts-.

5.9

1. Includes fees for licenses to import petroleum and petroleum products.

SURVEY OF CURRENT BUSINESS

10

1977

1976
1975

II

1976

August 1977

III

1976

IV

1975

1976

Seasonally adjusted at annual rates

IV

Billions of dollars

Table 14.—Foreign Transactions in the National Income and
Product Accounts (4.1)
Receipts from foreigners. 147.3

162.9

153.9

160.6

168.4

168.5

170.4

Exports of goods and services.. 147.3
107.1
Merchandise
40.2
Other

162.9
114.7
48.2

153.9
108.0
45.9

160.6
113.5
47.1

168.4
118.4
50.0

168.5
118.9
49.7

170.4
117.9
52.5

178.0
122.1
55.9

Table 16.—Inventories and Final Sales of Business in Current and
Constant Dollars (5.9, 5.10)
Inventories 1

178.0

0

0

0

0

0

0

0

Payments to foreigners.. 147.3

162.9

153.9

160.6

168.4

168.5

170.4

178.0

Imports of goods and services.. 126.9
Merchandise
98.0
Other
28.9

155.1
123.9
31.1

143.7
113.3
30.4

150.4
119.7
30.7

160.6
129.5
31.0

165.6
133.2
32.4

178.6
145.8
32.8

187.8
153.3
34.5

0

III

Seasonally adjusted at annual rates

Billions of dollars

Capital grants received by the
United States (net)

II

1977

436.2

461.5

478.6

63.9

65.7

61.3

59.8

62.8

60.0

Nonfarm
Durable goods
Nondurable goods..

372.3
209.0
163.4

383.4
213.8
169.6

394.2
220.9
173.3

401.7
225.8
175.9

415.8
231.4
184.4

422.5
235.0
187.6

Manufacturing
Durable goods
Nondurable goods..

190.7
121.4
69.3

196.3
124.1
72.1

201.
127.5
74.2

206.1
130.8
75.3

210.8
133.1
77.8

213.7
134.4
79.3

Wholesale trade
Durable goods
Nondurable goods..

42.8
27.0

72.8
44.3
28.5

74.3
45.6
28.7

75.2
46.0
29.2

78.8
47.5
31.2

79.5
48.8
30.7

81.2
36.5

86.0
38.2

44.7

47.8

88.5
39.0
49.5

39.1

40.2

Farm

449.1 455.5

Transfer payments (net)
From persons (net)
From government (net)

4.0
.9
3.1

4.2
.9
3.2

4.1
1.0
3.0

3.7
.9
2.7

4.8
.9
3.9

4.2
1.0
3.2

4.0
1.1
2.9

3.9
1.0
2.9

Retail trade
Durable goods
Nondurable goods..

75.7
33.1
42.6

77.7
33.6
44.1

80.4
35.8
44.5

Interest paid by government
to foreigners

4.5

4.5

4.4

4.4

4.6

4.7

4.9

5.2

Other.

36.2

36.5

37.9

Net foreign investment..

11.8

-.9

1.8

2.2

-1.5

- 5 . 9 - 1 7 . 1 -18.9

Gross saving.

Capital grants received by the
United States (net)
Gross investment
Gross private domestic investment
Net foreign investment
Statistical discrepancy.

195.1

237.0

228.9

242.1

244.8

232.2

251.4

272.5
65.9

276.0
72.4

275.4
70.3

277.2
64.8

261.6
56.3

262.9
51.4

291.9
68.5

.316
.270

276.7

259.4
80.2

16.7
41.0

27.6
56.4

29.8
56.8

28.0
58.1

31.6
58.0

20.8
52.5

22.5
58.8

-14.8 -15.6 -15.9

101.7

111.8

108.7

110.4

112.9

115.2

117.6

60.8

67.2

65.1

66.6

68.0

69.2

71.4

0

0

0

0

0

0

0

119.4

.315
.274

.270

306.1

297.4

300.4

302.8

42.7

42.1

300.8
42.0

41.4

41.3

41.2

Nonfarm
Durable goods
Nondurable goods..

251.7
144.4
107.3

255.2
145.6
109.6

258.8
147.4
111.4

259.0
147.4
111.6

261.5
148.8
112.7

264.9
150.7
114.2

Manufacturing
Durable goods
Nondurable goods..

124.4
81.4
42.9

126.1
82.0
44.1

127.7
82.4
45.3

128.1
82.7
45.4

128.7
83.0
45.7

130.3
83.8
46.4

Wholesale trade
Durable goods
Nondurable goods

47.
30.4
17.5

49.0
31.0
18.0

49.8
31.5
18.3

49.7
31.2
18.5

50.5
31.8
18.7

51.1
32.4
18.6

55.9
24.5
31.4

56.7
24.6
32.1

58.0
25.7
32.3

57.7
25.6
32.0

58.8
26.1
32.7

60.0
26.4
33.6

23.5

23.5

23.4

23.6

23.5

23.6

,
1,054.5 1,067. 2 1 076.6 1,095.7 1,106.5 1,121.7

Final sales K
Ratio of inventories to
final sales
Nonfarm 3

.279
.239

.279
.239

.279
.240

.274
.236

.274
.236

.273
.236

0

0

0

0

0

0

0

0

201.0

242.5

233.1

246.5

252.8

237.5

254.7

189.1
11.8

243.3
-.9

231.3
1.8

244.4
2.2

254.3
-1.5

243.4 271.8 294.9
- 5 . 9 - 1 7 . 1 -18.9

5.9

5.5

4.2

4.5

8.0

3.3

.311
.270

294.3

Inventories

Other

- 6 4 . 3 -35.6 - 4 7 . 1 - 3 3 . 3 -32.4 -29.4 - 1 1 . 5 -15.2
- 7 0 . 2 - 5 4 . 0 - 6 0 . 3 -46.2 -53.5 -55.9 -38.8 -40.6
25.4
18.4
13.3
5.9
12.9
21.1
26.5
27.3

5.3

1,486.1 1,518.5

.316
.273

Retail trade
Durable goods
Nondurable goods..

30.1
63.8

- 1 2 . 0 - 1 4 . 1 -12.4 -15.5 -11.7 -16.9 -20.6 -17.8
- 1 2 . 2 -14.7 -14.6 -14.6 -14.7

.317
.271

40.8
1,564.7

Billions of 1972 dollars

Farm.

276.0

n

1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories
calculated from current-dollar inventories shown in this table is not the current-dollar change
in business inventories (CBI) components of GNP. The former is the difference between two
inventory stocks, each valued at end-of-quarter prices. The latter is the change in the physical
volume of inventories valued at average prices of the quarter. In addition, changes calculated
from this table are at quarterly rates, whereas CBI is stated at annual rates.
2. Quarterly totals at annual rates.
3. Equals ratio of nonfarm inventories to final sales of business. These sales include a small
amount of final sales by farms.
NOTE.—Table 16: Inventories are classified as durable or nondurable as follows: For manufacturing, by the type of product produced by the establishment holding the inventory; for
trade, by the type of product sold by the establishment holding the inventory; for construction, durable; and for other nonfarm industries, nondurable. The industry classification is
based on the 1972 Standard Industrial Classification.
Table 17: The industry classification of compensation of employees, proprietors' income,
and rental income is on an establishment basis; the industry classification of corporate profits
and net interest is on a company basis. The industry classification of these items is based
on the 1972 Standard Industrial Classification.




1,381.3 1,415.0 1,441.5

Final sales _
Ratio of inventories to
final sales
Nonfarm 3

Table 15.—Gross Saving and Investment (5.1)

Gross private saving
Personal saving
Undistributed
corporate
profits with inventory
valuation and capital
consumption
adjustments
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Corporate capital consumption
allowances
with
capital consumption adjustment
Noncorporate capital consumption allowances with
capital consumption adjustment
Wage accruals less disbursements
_
Government surplus of deficit(—), national income and
product accounts
Federal
State and local

2

482.5

Table 17.—National Income Without Capital Consumption Adjustment by Industry (6.4)
National income without capital consump1.0 [,545.2
1,246.7 1,399. 3 1
tion adjustment
,355.3 1,388.9 1,415.0 1,437. 9 1,,490. 1
Domestic income
Agriculture, forestry, and
fisheries
Mining and construction
Manufacturing
Nondurable goods..
Durable goods
Transportation
Communication.
Electric, gas, and santiary
services
Wholesale and retail trade..
Wholesale
Retail
Finance, insurance, and real
estate
Services
Government and government enterprises
Rest of the world.

L
1,236.2 1,384.9 1,341.1 1,375.3 1,399.7 1,423.4 1,472.4 1, , 526.9
38.7
87.5

39.8
89.5

45.4
90.7

365.3
145.5
219.8

148.2
221.7

370.8
148.3
222.6

386.5
152.4
234.1

50.5
30.2

51.7
31.4

52.1
32.5

53.2
33.3

25.4

28.0

216.0
89.8
126.2

225.5
93.7
131.8

229.5
92.7
136.8

234.8
94.6
140.1

155.1
181.6

158.3
186.0

163.1
189.5

166.8
195.5

173.0
202.5

214.9

209.3

212.7

216.0

221.4

225.0

14.4

14.2

13.5

15.3

14.4

17.6

42.7
79.7

40.8
87.1

41.2
84.5

311.5
127.1
184.4

365.0
146.9
218.1

353.9
145.6
208.3

44.5
27.1

50.6
30.9

48.1
29.6

24.4

25.9

25.8

195.4
82.4
113.0

220.7
91.1
129.6

211.9
88.3
123.6

143.1
168.2

160.8
188.2

199.5
10.5

43.5
86.7

26.1

18.3

SURVEY OF CURRENT BUSINESS

August 1977

1977

1976
1975

1976

I

II

11

III

IV

I

1976
II

1975

1976

I

Seasonally adjusted at annual rates

R e s t of the world
Corporate profits with
inventory
valuation
adjustment and without capital consumption adjustment

99.3

128.1

126.5

129.2

133.5

123.1

125.4

139.7

93.1
14.8
78.3

119.9
18.0
101.9

117.8
17.6
100.2

121.5
17.9
103.6

125.1
18.3
106.8

115.4
18.3
97.1

115.3
19.1
96.3

128.9
19.7
109.1

6.1

8.1

8.6

7.6

8.4

7.7

10.1

10.8

142.7

141.1

143.7

148.2

137.9

141.0

155.6

134.6
18.2
6.0
12.2

132.4
17.8
6.0
11.8

136.1
18.1
5.9
12.2

139.8
18.4
5.9
12.5

130.2
18.4
6.1
12.3

131.2
19.2
6.1
13.1

144.8
19.9
6.2
13.7

Nonfinancial
Manufacturing
Nondurable goods
Food and kindred
products
Chemicals and allied
products
Petroleum and coal
products
Other

90.3
47.9
29.4
7.4

116.4
66.3
36.4
8.3

114.6
65.3
38.1
8.7

118.0
68.7
36.2
7.7

121.3
68.4
37.4
9.7

111.8
62.9
33.9
7.1

112.0
65.5
34.0
5.1

124.9

Durable goods
Primary metal industries
Fabricated
metal
products
Machinery,
except
electrical
Electric and electronic equipment
Motor vehicles and
equipment
Other

Rest of the world

5.9

7.4

8.0

7.8

7.3

6.6

9.9
10.8

10.4
11.0

9.9
10.9

9.3
11.2

9.9
10.3

9.2
12.0

18.5

29.9

27.2

32.5

31.0

29.0

31.5

3.3

2.4

2.9

3.5

2.2

1.1

1.0

2.9

3.5

3.4

3.8

3.7

3.0

5.9

5.2

5.7

6.3

6.6

Nonfinancial
Manufacturing
Nondurable goods
Food and kindred
products
Chemicals and allied
products
Petroleum and coal
products
Other
Durable goods
Primary metal industries
Fabricated
metal
products
Machinery,
except
electrical
Electric and electronic equipment
Motor vehicles and
equipment
Other
Wholesale and retail trade.
Transportation,
communication, and electric, gas, and sanitary
services
Other
.I........
Rest of the world




126.5

133.2

130.8

132.3

134.0

135.6

137.9

139.8

117.9
133.1
123.5

124.7
137.7
132.3

122.2
136.2
129.2

123.8
136.9
131.1

125.3
138.3
133.2

127.2
139.3
135.4

129.3
141.5
137.8

129.5
143.8
140.1

132.4
132.3
145.8

139.8
138.7
150.7

136.9
136.8
148.5

138.6
137.8
150.4

140.6
139.2
150.9

142.9
140.9
152.8

145.8
142.5
156.6

148.5
144.4
159.7

125.9
132.8
133.2
132.9

133.1
142.5
143.0
142.9

131.2
137.1
137.5
137.4

131.9
140.7
141.0
141.3

133.9
144.1
144.5
145.3

135.4
147.5
148.0
148.9

136.5
153.7
154.3
153.7

137.7
157.6
158.2
157.7

116.7

122.6

120.8

122.4

123.4

123.8

125.2

126.6

163.8
188.2

Durable goods
Nondurable goods..
Services

170.0
194.3

165.3
188.2

168.6
190.7

172.0
198.4

174.0
199.3

175.1
207.0

180.8
210.6

Gross private domestic investment

Fixed investment
Nonresidential
Structures
Producers' d u r a b l e
equipment.
RiesidentiaL.
Nonfarm structures....
Farm structures
Producers' d u r a b l e
equipment
Change in business inventories

3.2

4.3

Personal consumption expenditures

Net exports of goods and
services

7.7

7.8
8.4

6.8

Exports.
Imports.
Government purchases
goods and services

of
128.9

136.7

134.0

135.7

137.2

139.8

142.3

144.6

127.5
129.7

Federal
State and local.

134.8
137.7

132.4
134.9

133.7
136.8

134.7
138.6

138.2
140.7

140.6
143.4

142.0
146.2

Table 20.—Fixed-Weighted Price Indexes for
Product, 1972 Weights (7.2)

Gross

National

2.0

3.7

3.1

3.9

3.9

4.0

4.6

2.0
4.1

7.2
7.2

6.8
5.8

7.8
7.7

7.3
7.7

6.9
7.4

8.0
7.9

Gross national product- _ 127.7

29.1

27.4

24.0

Personal consumption expenditures
- - 127.2

134.0

131.7

133.1

134.8

136.3

138.6

140.9

118.2
- 134.4
123.7

124.8
138.9
132.6

122.4
137.5
129.5

124.0
138.2
131.5

125.3
139.6
133.7

127.3
140.4
135.6

129.3
142.7
138.1

130.0
145.3
140.6

133.0
- - 133.1
144.4

141.1
140.3
148.4

137.6
137.8
146.3

139.8
139.3
147.8

142.0
140.9
148.7

144.5
143.0
150.6

148.1
145.1
153.7

151.1
147.6
156.8

126.7
132.8

135.7
142.5

132.9
137.1

134.4
140.6

136.4
144.0

138.6
147.4

140.3
153.6

142.4
157.4

167.1
180.7

172.4
185.2

167.2
181.4

170.8
183.1

173.9
188.8

176.2
190.6

177.8
194.5

182.6
198.7

22.1

27.1

26.5

25.5

9.3
11.0

11.5
11.5

11.1
11.7

12.1
11.7

12.2
11.6

10.4
11.1

6.1

8.1

8.6

7.6

8.4

7.7

10.1

Durable goods . .
Nondurable goods
Services

11.6
11.0

Corporate profits before
deduction of capital
consumption
allowances with inventory
valuation adjustment-. 201.0
Domestic industries
Financial »
Federal Reserve banks
Other

II

Gross national product.. 127.18 133.88 131.47 133.06 134.56 136.35 138.13 140.51

111.5

Wholesale and retail trade
Transportation, communication, and electric,
gas,
and
sanitary
services
Other

I

Table 19.—Implicit Price Deflators for Gross National Product (7.1)

105.4
15.0
5.7
9.4

Domestic industries
Financial l
Federal Reserve banks
Other

IV

Index number, 1972=100

Table 18.—Corporate Profits by Industry (6.18)

Domestic industries
Financial !
Nonfinancial

III

Seasonally adjusted

Billions of current dollars

Corporate profits with
inventory
valuation
and capital consumption adjustment.
_.

II

1977

10.8

Nonresidential

239.9

235.2

239.6

246.4

238.3

234.0

259.1

231.8
22.9
6.0
16.9

226.5
22.3
6.0
16.3

232.0
22.7
5.9
16.8

238.0
23.2
5.9
17.2

230.6
23.3
6.1
17.2

224.0
24.2
6.1
18.1

248.3
25.0
6.3
18.8

175.6
85.0
46.6

208.9
106.3
55.2

204.2
104.2
56.3

209.3
108.0
54.8

214.8
108.8
56.5

207.3
104.2
53.3

199.8
107.4
53.8

223.3

10.4

11.7

11.9

11.0

13.2

10.6

11.9

12.4

12.2

11.9

11.2

12.5

13.0
13.4

15.3
16.3

15.7
16.3

15.2
16.3

14.7
16.8

15.5
16.0

51.1

47.9

53.2

52.3

50.9

Federal

6.1

6.5

7.2

6.0

4.9

5.2

5.1

5.5

5.4

4.7

4.9

8.9

9.3

10.0

10.3

State and local

4.9

4.5

135.5

137.5

139.9

142.3

of

129.6

137.1

134.5

136.0

137.5

140.4

142.9

144.8

129.1
130.0

136.4
137.6

134.0
134.8

135.0
136.7

136.3
138.3

140.4
140.3

142.8
142.9

143. 6
145.7

127.6
127.3
127.7
127.7

134.8
134.4
134.7
134.7

132.2
131.9
132.1
131.7

133.9
133.5
133.8
133.3

135.4
135.1
135.3
135.2

137.4
137.1
137.1
137.2

139.8
139.4
139.4
139.4

142.2
141.8
141.9
142.0

Addenda:

53.6

6.7

133.9

Net exports of goods and services

Government
purchases
goods and services

14.8
17.9

38.3

Structures
Producers'
durable
equipment
Residential .
Change in business inventories

Exports
Imports

8.7

9.8

132.3

Gross private domestic invest-

Fixed investment.

194.8
19.3
5.7
13.6

134.9

10.5

4.8

6.6

6.0

6.8

6.8

7.0

7.6

5.1
9.4

10.7
12.8

10.0
11.4

11.1
13.3

10.8
13.3

10.8
13.3

11.9
13.9

31.5

37.4

36.4

35.6

39.6

38.1

32.0

32.6
26.6

36.9
28.3

35.6
28.1

37.4
28.3

37.9
28.5

36.7
28.4

31.9
28.5

6.1

8.1

8.6

7.6

8.4

Final sales
Gross domestic product
Business
Nonfarm

7.7

10.1

1. Consists of the following industries: Banking; credit agencies other than banks; security
and commodity brokers, dealers, and services; insurance carriers; regulated investment
companies; small business investment companies; and real estate investment trusts.
NOTE.—Table 18: The industry classification is on a company basis and is based on the
1972 Standard Industrial Classification.

10.8

SURVEY OF CURRENT BUSINESS

12

1977

1976
1975

1976

I

II

August 1977

III

IV

I

II

1975

1976

I

II

Seasonally adjusted

I

II

Table 24.—Implicit Price Deflators for Net National Product and
National Income by Sector (7.7)
Net national product

127.1

Goods
Final sales
Change in business inventories

127.4
127.1

133.7

131.7
131.4

131.3

130.2
129.9

132.9

131.4
131.0

134.3

132.2
131.7

136.2

133.1
132.9

138.1

140.51
140.3

133.8
133.7

135.9
135.3

Durable goods
Final sales
Change in business inventories

121.8
122.0

129.0
128.8

125.8
126.1

128.0
127.7

130.2
129.6

131.9
131.7

132.6
132.4

133.9
133.2

Nondurable goods
Final sales
Change in business inventories

131.0
130.6

133.6
133.1

133.1
132.5

133.7
133.2

133.7
133.1

134.0
133.7

134.7
134.6

137.4
136.8

126.5

133.0

130.6

132.2

133.6

135.4

137.1

126.1

132.5

130.2

131.8

133.1

134.9

136.5

138.9

126.4
125.9
149.0

132.4
132.1
146.1

130.1
129.8
147.7

131.7
131.1
163.9

133.0
132.9
140.9

134.5
134.7
132.9

135.9
135.8
144.8

138.5
138. 5
144.2

Households and institutions- 129.5
Government .
123.2

Gross national product._ 127.18 133.88 131.47 133.06 134.56 136.35 138.13

Final sales
Change in business in-

... .

IV

Index numbers, 1972 = 100

Table 21.—Implicit Price Deflators for Gross National Product by
Major Type of Product (7.3)

.

III

Seasonally adjusted

Index numbers, 1972=100

Services
Structures . .

1977

1976

139.6
131.5

135.7
128.9

137.9
130.3

141.1
131.7

143.6
134.9

148.8
136.9

150.6
138.4

127.4

134.1

131.7

133.2

134.8

136.6

138.3

140.8

126.9

133.5

131.2

132.7

134.2

136.1

137.7

140.1

. 127.5

127.2
134.8

133.6
133.8
128.7

131.3
131.4
129.7

132.9
132.6
142.5

134.3
134.6
124.6

135.9
136.5
118.4

137.3
137.4
133.9

139.9
140.2
129.8

Households and institutions- 129.5
Government
123.2

139.6
131.5

135.7
128.9

137.9
130.3

141.1
131.7

143.6
134.9

148.8
136.9

150.6
138.4

Net domestic product

Business .
Nonfarm
Farm
Residual

-

Rest of the world
National income

124.7
139.7

133.8
145.8

130.6
142.5

132.5
144.8

134.7
146.6

137.1
149.1

139.6
153.6

141.9
157.1

Table 22.—Implicit Price Deflators for Gross National Product by
Sector (7.5)

139.5

Domestic income
Business
Nonfarm
Farm

Rest of the world

Table 25.—Implicit Price Deflators for Auto Output (7.9)
Gross national product.. 127.18 133.88 131.47 133.06 134.56 136.35 138.13
Gross domestic product

126.8

133.4

131.0

132.7

134.1

135.9

137.6

140.51
140.0

145.1

131.2
130.9
132.2
119.0
145.8

132.8
132.2
133.5
120.7
157.5

134.2
134.1
135.4
122.3
141.6

135.8
135.9
137.3
123.9
136.2

137.3
137.1
138.4
126.5
145.6

139 8
139.7
141.0
128 6
145 6

129.5

139.6

135.7

137.9

141.1

143.6

148.8

150.6

123.2
121.6
124.1

131. 5
128.8

128.9
127.1

130.3
127.4
131.8

131.7
127.6
133.8

134.9
133.2
135.7

136.9
134.6
138.0

138.4
134.9
140.2

Business
Nonfarm
Nonfarm less housing...
Housing
Farm
Residual
.
Households and institutions.

127.2
126.7
128.1
115.2
145.5

133.5
133.3
134.6

Government.. .
Federal
State and local
Rest of the world

Table 23.—Implicit Price Deflators for the Relation of Gross
National Product, Net National Product, and National Income
(7.6)
Gross national product

Less: Capital consumption allowances with capital
consumption adjustment

127.18 133.88 131.47 133.06 134.56 136.35 138.13

140.51

133.0

142.1

139.1

140.9

143.2

145.3

147.6

149.3

Equals: Net national product.._ 126.5

133.0

130.6

132.2

133.6

135.4

137.1

139.5

Less: Indirect business tax
and nontax liability
plus business transfer
payments less subsidies plus current surplus of government
enterprises
Residual
Equals: National income

Addenda:
Domestic output of new
autos*
2

115.2
Sales of imported new autos __ 114.9

120.6

125.2

123. 3

125.4

125.2

126.6

128.4

130.5

127.4

134.1

131.7

133.2

134.8

136.6

138.3

140.8

125.5

122.4

124.1

126.3

129.1

130.3

129.7

125.1

121.6

123.5

126.3

129.1

130.9

130.5

132.1
122.3

127.4
120.4

130.4
121.3

133.8
122.5

136.9
124.9

139.9
126.3

139.7
127.4

106.1
122.1

109.8
120.2

105.5
121.1

104.0
122.3

105.1
124.7

101.5
126.1

102.2
127.2

121.9
143.6

119.4
142.6

120.5
141.7

122.5
143.2

125.3
147.2

125.7
145.5

127.9
148.9

121.8

122.8

120.8

121.2

122.5

119.5

121.5

122.2
122.3

120.2
120.4

121.1
121.3

122.4
122.5

124.9
124.9

126.2
126.3

127.4
127.4

Table 26.—Implicit Price Deflators for Personal Consumption
Expenditures by Major Type of Product (7.11)
Personal consumption
expenditures
Durable goods

1. Consists of final sales and change in business inventories of new autos produced in the
United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and
government purchases.
NOTE.—Table 21 "Final sales" is classified as durable or nondurable by type of product.
''Change in business inventories" is classified as follows: For manufacturing, by the type of
product produced by the establishment holding the inventory; for trade, by the type of product sold by the establishment holding the inventory; for construction, durable; and for other
industries, nondurable.
Tables 22 and 24 The industry classification within the business sector is on an establishment basis and is based on the 1972 Standard Industrial Classification.




115.9
Auto output
Final sales
116.2
Personal consumption expenditures
121.3
New autos
115.1
Net purchases of used
autos
Producers' durable equip106.4
ment
115.0
New autos
Net purchases of used
autos
Net exports
115.9
Exports
134.9
Imports
Government purchases of
118.9
goods and services
Change in business inventories of new and used
autos

Motor vehicles and parts
Furniture and household
equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal.
Other
Services
Housing
Household operation
Electricitv and Kas
Other
Transportation
Other

133.2 130.8

132.3

134.0 135.6

117.9

124.7

122.2

123.8

125.3

127.2

129.3

129.5

119.5

129.1

125.0

127.4

130.2

133.6

136.1

135.9

116.5
118.0

120.9
122.1

119.8
120.4

120.8
121.3

121.2
122.5

121.8
123.9

123.1
124.8

123.9
125.1

133.1

137.7

136.2

136.9

138.3

139.3

141.5

143.8

137.9
114.2
157.6
197.5
125.2

141.2
117.9
164.4
212.1
131.9

140.5
116.1
162.0
206.2
129.7

141.1
117.1
160.3
208.5
131.2

141.7
118.8
165.1
214.0
132.5

141.5
119.6
170.0
218.8
134.3

143.9
121.1
170.7
230.4
136.6

147.2
121.9
173.3
240.0
138.3

123.5

132.3

129.2

131.1

133.2

135.4

137.8

140.1

122.4
136.5
151.4
126.5
125.7
138.1

124.1
139.2
156.2
128.0
130.0
139.9

125.7
142.9
161.0
129.6
132.9
141.7

127.6
144.6
164.1
130.3
135.6
144.7

129.6
145.2
166.4
131.2
138.3
147.8

116.6
128.0
140.6
119.2
113.2
130.0

123.2
138.4
154.3
127.4
127.5
139.0

120.7
134.6
147.8
125.3
121.2
136.4

137.9

139.8

126.5

SURVEY OF CURRENT BUSINESS

August 1977

1977

1976
1975

1976

I

II

13

III

IV

I

1976
II

1975

1976

I

II

Seasonally adjusted
Percent

Table 27.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price
Deflator, and Price Indexes (8.9)
Gross national product:
Current dollars
8.2
1972 dollars
-1.3
Implicit price deflator...
9.6
Chain price index
9.5
Fixed-weighted
price
9.4
index
Personal consumption expenditures:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index..
Durable goods:
Current dollars
1972 dollars
Implicit price deflator. _.
Chain price index
Fixed-weighted
price
index
Nondurable goods:
Current dollars
1972 dollars
Implicit price deflator. _.
Chain price index
Fixed-weighted
price
index
Services:
Current dollars
1972 dollars
Implicit price deflator..
Chain price index
Fixed-weighted
price
index

13.2
8.8
4.1
4.9

10.2
5.1
4.9
5.3

3.9
4.6
4.6

6.7
1.2
5.4
5.9

5.6

4.6

5.2

4.8

6.0

10.2
1.9
8.2
8.2
8.3

11.6
6.0
5.3
5.3
5.3

13.1
7.4
5.2
4.9
4.7

4.2
4.4
4.5
4.4

9.1
3.6
5.3
5.2
5.2

14.1
8.6
5.0
4.6
4.6

12.2
5.1
6.8
7.0
7.0

8.9
.2
8.8
8.9

19.6
13.1
5.7
5.4

27.1
18.6
7.2
7.0

9.4
3.9
5.3
5.3

6.7
1.5
5.2
4.3

18.8
11.8
6.2
6.8

28.2
20.2
6.6
6.5

3.6
3.0

9.0

5.6

7.2

5.1

4.2

6.7

6.3

2.2

8.8
1.2
7.5

7.6

8.2
4.6
3.4
3.4

8.3
6.1
2.1
1.2

6.4
4.1
2.2
2.2

7.1
2.8
4.1
4.1

13.3
10.2
2.8
2. 4

7.0
.3
6.7

7.6

3.4

2.1

4.2

2.4

6.7

7.5

12.0
3.0
8.7
8.7

12.4
4.9
7.1
7.1

13.3
5.0
7.8
7.7

10.8
4.4
6.2
6.4

11.7
4.9
6.4
6.4

13.3
6.2
6.7
5.9

12.0
4.4
7.3
7.4

9.6
2.7
6.8
7.5

7.2

7.9

6.5

6.6

6.0

7.5

7.5

13.2
7.5
5.3

13.7
6.1
7.1
7.0
7.0

1.8
5.7
6.8

1.9

.3
6.5
7.4

Gross private domestic investment:
Current dollars
,. -11.9
-22.9
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index.

28.7
22.2

Fixed investment:
Current dollars
-2.5
1972 dollars
-13.7
Implicit price deflator.-. 13.1
Chain price index
13.0
Fixed-weighted
price
index
12.3

14.7
8.6
5.6
6.0

17.2
12.5
4.2
5.0

18.3
12.3
5.3
5.9

12.3
6.2
5.8
6.2

21.3
13.8
6.6
7.1

24.4
14.7
8.4
9.0

25.7
16.8
7.6
7.8

6.0

4.9

6.6

6.5

7.3

10.2

8.3

Nonresidential:
Current dollars
-1.0
1972 dollars
-13.7
Implicit price deflator..
14.7
Chain price index
14.7
Fixed-weighted
price
14.4
index

8.6
3.6
4.8
5.5

13.1
8.9
3.9
5.0

11.7
8.3
3.1
4.0

13.4
9.0
4.1
4.6

6.7
1.8
4.8
6.0

24.5
19.0
4.6
5.1

12.8
7.0
5.4
6.7

5.4

4.9

4.5

4.6

6.0

6.2

7.1

Structures:
Current dollars
-2.9
1972 dollars
-14.7
Implicit price deflator. 13.8
Chain price index
12.8
Fixed-weighted price
index
12.8

5.6
2.2
3.3
3.1

10.3
8.4
1.7
2.4

8.4
3.1
5.2
4.5

1.3
-.1
1.4
2.5

7.5
2.2
6.2
5.1

6.3
-3.5
10.2
8.1

24.0
14.7
8.1
8.6

2.8

2.1

2.3

5.2

Producers'
durable
equipment:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price
index

24.5
18.1

55.5
48.4

8.3

.1
-13.2
15.3
15.7

10.2
4.2
5.8

14.7
9.1
5.2
6.5

13.5
10.9
2.4
3.8

20.4
13.4
6.1
5.8

6.2
1.6
4.6
6.4

34.7
30.5
3.3
3.5

7.6
3.9
3.6
5.7

15.5

7.1

6.7

4.7

6.1

6.5

4.8

6.3

32.2
23.2
7.3
7.3

28.4
22.3
4.9
5.0

36.3
23.0
10.8
10.6

9.7
-.4
10.1
10.2

63.3
48.8
9.7
9.7

24.2
5.4
17.9
17.9

57.9
42.6
10.8
10.5

7.3

5.0

10.7

10.1

9.7

17.8

10.5

Residential:
Current dollars
-6.5
1972 dollars
-13.9
Implicit price deflator..
8.6
Chain price index
8.5
Fixed-weighted
price
8.5
index




62.9
60.9

I

IV

II

Percent at annual rate

Table 27.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price
Deflator, and Price Indexes—Con.
Exports:
Current dollars
6.8
1972 dollars
-3.3
Implicit price deflator
10.4
Chain price index
11.1
Fixed-weighted price index__ 10.6

10.6
6.5
3.8
3.6
3.1

4.9
1.1
3.8
2.3
2.5

18.5
9.5
8.2
9.0
8.9

20.9
11.7
8.3
7.6
7.4

.3
-4.2
4.7
5.5
5.4

4.4
.0
4.4
3.2
3.9

19.1
6.9
11.5
11.2
11.2

Imports:
Current dollars
-3.8
1972 dollars
-12.6
Implicit price deflator
10.1
Chain price index
8.6
Fixed-weighted price index..
8.7

22.2
18.4
3.2
2.9
2.5

43.6
36.9
4.9
3.0
3.4

20.0
13.9
5.3
3.2
3.7

29.9
10.8
17.3
14.7
13.0

13.0
11.0
1.9
4.1
4.0

35.4
16.5
16.2
6.9
8.3

22.3
14.1
7.2
7.4

12.0
2.1
9.7
9.6
9.6

6.6
.5
6.0
6.1
5.8

2.9
—2 2
5.3
5.0
4.1

6.1
.8
5.3
4.9
4.5

4.7
.3
4.4
4.8
4.5

7.9
.0
8.0
8.4
8.6

5.4
-1.9
7.4
7.0
6.9

17.9
10.6
6.6
6.2
6.1

Federal:
Current dollars
1972 dollars
Implicit price deflator.__
Chain price index
Fixed-weighted price index

11.0
.9
10.0
9.6

5.5
-.2
5.7
5.9

-1.4
-4.2
2.8
2.6

2.7
-1.3
4.1
3.4

5.6
2.5
3.0
3.8

12.6
1.6
10.8
12.3

6.6
-.3
6.9
5.5

23.3
18.2
4.3
3.3

9.7

5.6

1.0

2.9

3.8

12.8

5.7

3.4

State and local:
Current dollars
1972 dollars
Implicit price deflator._.
Chain price index
Fixed-weighted price index

12.6
2.8
9.6
9.6

7.2
1.0
6.2
6.1

5.5
-1.1
6.6
6.5

8.1
2.0
6.0
5.8

4.2
-1.0
5.2
5.4

5.4
-1.0
6.4
6.3

4.7
-2.8
7.7
7.9

14.9

9.6

5.8

6.2

5.5

5.0

5.9

7.7

7.9

Final sales:
Current dollars
1972 dollars
Implicit price deflator...
Chain price index
Fixed-weighted price index

11.6
6.0
5.3
5.6

17.3 - 1 6 . 1
9.9 - 2 0 . 9

III

Seasonally adjusted

Percent at annual rate

Percent

1977

9.7
.2
9.5
9.5

9.9
4.5
5.2
5.6

8.3
3.9
4.2
4.9

9.4
4.3
4.9
5.3

7.9
3.4
4.4
4.6

12.4
6.3
5.8
5.9

9.6
3.8
5.6
6.9

11.8
5.1
6.4
7.0

9.4

5.6

4.6

5.2

4.8

6.0

7.1

7.0

Gross domestic product:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index..

8.5
-1.1
9.7
9.5
9.4

11.4
5.9
5.2
5.6
5.6

12.4
8.3
3.8
4.8
4.6

10.5
5.2
5.0
5.4
5.2

8.2
3.7
4.4
4.5
4.6

6.9
1.3
5.5
6.0
6.1

12.6
7.2
5.0
6.7
7.0

13.6
6.1
7.1
7.0
7.0

Business:
Current dollars
1972 dollars
Implicit price deflator._.
Chain price index
Fixed-weighted price index

8.0
-1.7
9.9
9.7

12.0
6.7
4.9
5.4

13.3
9.6
3.3
4.6

11.2
5.8
5.1
5.4

8.6
4.2
4.2
4.3

6.2
1.3
4.9
5.4

13.3
8.4
4.5
6.5

14.9
6.9
7.5
7.5

9.5

5.4

4.3

5.3

4.5

5.5

6.8

7.5

8.3
-2.0
10.5
10.4

12.7
7.1
5.2
5.5

16.0
11.1
4.4
5.1

10.8
6.4
4.1
4.6

9.4
3.4
5.9
5.6

7.0
1.4
5.5
6.5

13.1
9.0
3.7
5.5

16.7
8.3
7.8
7.5

9.7

5.5

4.8

5.0

5.5

6.2

6.5

7.7

10.1
1.8

9.4
3.8

10.8
5.3

7.4
2.9

6.7
1.3

10.2
4.9

10.1
3.1

13.4
7.3

Government purchases of
goods and services:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index..

8.1
7.9

Addenda:

Nonfarm:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price
index
Disposable personal income:
Current dollars
1972 dollars

NOTE
Table 27: The implicit price deflator for GNP is a weighted average
of the detailed price indexes used in the deflation of GNP. In each period, the
weights are based on the composition of constant-dollar output in that period.
In other words, the price index for each item is weighted by the ratio of the
quantity of the item valued in 1972 prices to the total output in 1972 prices.
Changes in the implicit price deflator reflect both^hanges hi prices ^ c h a n g e s
in th
sitioi
prices

ucivvccu

me

IVYU

j/cijiuuo.

J-J. v T v » -_^ ,
T ,

v.v, — f"

, ~ ~ ~

—j,*

7

j.

mi,

"^j

J

the chain index also reflect changes in the composition of output. The flxedweighted price index uses as weights the composition of output in 1972.
Accordingly, comparisons over any timespan reflect only changes in prices.

BY ROBERT B. BRETZFELDER

State Personal Income, 1075-76
LEVISED estimates show that total
personal income increased in 49 States
and the District of Columbia from 1975
to 1976. Income decreased slightly in
North Dakota. In 47 States and the
District of Columbia, the gain in
personal income exceeded the 5}i percent gain in consumer prices (as
measured by the implicit price deflator
for personal consumption expenditures).
The exceptions, in addition to North
Dakota, were South Dakota and

Nebraska, where farming was particularly weak.
The nationwide advance in State
personal income was 10% percent. Farm
income declined nearly 13 percent, but
major nonfarm components gained from
8 percent in construction to 12% percent
in manufacturing. Variations among the
States in farming, manufacturing, and
construction explained most of the
regional variations in income growth
(table A). In States where farming is

important, changes in farm income
ranged from an increase of more than
30 percent in Mississippi to a decline of
around 50 percent in South Dakota.
Gains in manufacuring wage and salary
disbursements ranged from 23 percent
in Michigan to less than 6 percent in
Maryland. Changes in construction
payrolls ranged from gains of around
40 percent in Alaska and Maine to
declines of around 10 percent in Hawaii,
Florida, Connecticut, and New York.
(Continued on page 4&)

Table A.—State Personal Income and Selected Components: Detail for Fast- and Slow-Growing States
Percent change, 1975-76

Rank

Ranked by percent
change in total personal
income

Farm
income

Manufacturing

ServiceConstructype
tion
industries ]

Total, less:

Farm

Total, less:

Wages and salaries

Farm,
manufacturing,
construction

Farm

Manufacturing

Construction

Total
income
Farm

Farm,
manufacturing,
and construction

10.2

.
-

-12.8

12.6

8.0

11.0

10.7

10.4

2.3

16.9

3.6

100

100

100

15.6
13 9

United States
Fast-growing:
Alaska
Maine
Wyoming
Texas
Michigan
Utah
Louisiana
Mississippi
New Mexico
New Hampshire
Nevada
West Virginia
Oregon
South Carolina
Alabama
Tennessee
Kentucky

Wage and salary disbursements
Total
personal
income

Index, U.S. percent
change=100

As a percentage of
total personal income, 1975

13.6
95.8
-17.4
8.0
-18.6
14.9
-8.1
31.8
-13.8
17.2
-3.5
-30.3
-10.0
-13.1
10.4
61.9
12.5

21.1
16.7
15.1
14.3
23.1
12.4
15.7
17.0
15.2
18.7
12.4
14.5
17.0
20.3
15.0
14.7
15.9

43.5
38.2

17.4
12.3
15.9
14.6

14.0

13.7
13.1
12.3
13.8
12.9
12.6
11.3
13.8
13.0
13.5
11.6
11.6

15.6
12.5
14.7
13.4
13.2
12.8
13.1
11.9
13.5
12.3
12.4
12.2
12.8
12.6
12.2
11.1
11.7

2.7
10.4
15.6
12.9
9.9
12.0
11.6
10.5
13.7
10.8
11.5
11.7
12.0
10.6
11.6
10.6
10.7

.1
1.7
2.6
1.6
1.1
1.2
1.9
4.0
3.7
.5
1.0
.2
2.9
2.3
2.6
1.3
3.5

4.2
16.6
3.9
13.1
26.0
11.7
11.4
17.4
4.3
18.2
3.5
15.9
16.6
22.1
18.0
20.7
16.2

29.7
3.6
8.4
4.7
2.8
4.7
5.8
3.4
4.8
3.1
4.8
4.1
3.6
4.2
4.2
3.6
3.3

153
136
136
130
126
125
125
125
123
121
120
119
119
118
119
116
116

146
117
137
125
123
120
122
111
126
115
116
114
120
118
114
104
109

26
100
150
124
94
115
111
101
132
104
111
113
115
102
111
102
104

125

120

107

13! 9
13.3
12.9
12.8
12.7
12.7
12.5
12.3
12.2
12.1
12.1
12.0
12.1
11.8
11.8

5.6

20.5
8.5

27.6
29.5
16.1
8.8

12.3
28.6
15.0
10.0
5.8

11.1
1.2

9.9

Average

12.7

8.9

16.4

17.4

13.1

12.8

11.1

1.9

14.1

5.8

Slow-growing:
Farm related:
North Dakota
South Dakota
Nebraska
Montana
Iowa
Minnesota..,
Illinois

-.5
3.0
4.3
6.6
6.8
8.5

-46.0
-50.0
-46.7
-25.3
-39.4
-35.7
-36.5

7.6
19.6
13.4
12.8
11.0
11.8
11.2

19.6
16.0
15.8
12.2
16.2
12.5
13.8

14.3
12.5
11.9
13.8
14.5
10.7
12.8

11.0
11.9
11.3
10.1
12.3
11.1
10.3

10.7
11.2
10.8
9.8
12.4
10.9
10.0

20.3
14.4
12.0
9.9
10.6
5.5
3.1

4.3
5.4
9.7
6.2
16.1
16.4
20.1

4.4
3.0
3.6
4.0
3.3
3.8
3.5

103
111
106
94
115
104
96

103
108
104
94
119
105
95

-39.9

12.5

15.2

12.9

11.1

10.8

10.8

11.2

3.7

104

104

8.1
5.3
4.4
8.9
10.1

-9.4
-6.8
-12.5
-9.8
-7.9

6.8
7.6

73
.

7.7

.3

11.0

2.9

9.9
8.7
9.8

10.7
9.5
9.2
9.9

2.7
.4
.2
2.4

15.1
4.6
4.2
23.0
18.2
26.8

2.5
5.2
6.8
2.9
2.9
4.5

68

8.8
8.8
8.8
9.3

74
82
103
90
88
• 95

-7.3

9.5

8.6

9.4

1.2

15.3

4.1

4.8

11.1

10.1

10.2

68
.

13.1

3.9

...
- .....

Average
Nonfarm related:
New York
District of Columbia
Hawaii
Connecticut
Massachusetts
D elaware

5.4
7.3
7.6
8.6
8.7
8.9
8.9

2.1
4.2
23.2
-4.2

Average

8.3

6.5

Average of all slow
growing States...

67
.

7.0

-19.0

10.2

1 Includes wholesale and retail trade, the finance-insurance-real estate group, the transportation-communication-public utilities group, and services.

14




90
94

97

By REGIONAL ECONOMIC MEASUREMENT DIVISION STAFF

State Personal Income Revisions, 1971-76
Es^3TIMATES

of State personal income—that is, income received by persons residing in each State from all
sources—have been revised. The first
two tables of this article show revised
estimates of total and per capita personal income for 1971-76.1 Tables 4-63
show personal income by type, and
labor and proprietors' income by industry for 1973-76. Revised estimates
for 1958-70 will be presented later this
year; estimates for 1948-57 and 1929-47
will be presented in 1978 and 1979,
respectively.
The revisions in State personal income may be classified as definitional
and classificational, on the one hand,
and statistical, on the other. The definitional and classificational revisions incorporated in the estimates are those
1. Table 3, which shows population as of July 1 for each
year by State, is available on request from the Regional Economic Measurement Division, Bureau of Economic Analysis.

made in the 1976 benchmark revision
of the national income and product
account (NIPA) estimates—specifically
those that affected personal income.
The revisions are discussed in part I
of the January 1976 SURVEY OF CURRENT BUSINESS and summarized in
table B.
The statistical revisions are traceable
to the rebenchmarking of the NIPA
estimates, which also are discussed in
the January 1976 SURVEY; to the
routine annual revisions of the NIPA
estimates for 1973-76, which incorporated source data not available when
the benchmark revision was prepared
and which were published in the July
1976 and July 1977 issues of the
SURVEY; and to the methodological
improvements in the State estimates.
The improvements in State estimates
consist of both more reliable estimating
procedures and more current and com-

ACKNOWLEDGMENTS
Edwin J. Coleman, Chief, Regional Economic Measurement Division, was responsible
for planning and coordinating the State personal income revisions. Lowell D. Ashby,
Assistant Chief, directed the statistical work; he was assisted by Jeanne S. Goodman.
Revisions in the private wage estimates, including converting the estimates from a
1967- to a 1972-based Standard Industrial Classification, were prepared in the Private
Wage Income Branch under the supervision of Elizabeth H. Queen, Chief. Major responsibilities were assumed by William E. Reid, Jr., David C. Warlick, and Victor Sahadachny.
Revisions in other incomes and in the residence adjustment were prepared in the
Government, Proprietary, and Investment Income Branch under the supervision of
Kenneth P. Berkman, Chief. Major responsibilities were assumed by Wallace K. Bailey,
Jr., Vivian G. Conklin, Q. Francis Dallavalle, and Katharine Richardson.
The estimates were monitored and prepared for publication by the Regional Economic
Information System Branch under the supervision of Linnea Hazen, Chief; she was
assisted by Eunice P. James, Paul M. Levit, and Ronald G. Reel.
Other contributors to the revisions effort were Frances B. Actie, Kathy A. Albetski,
David J. Albright, Charles L. Ballard, Linda C. Barnes, Michael E. Bartell, Brian K.
Bergstralh, Thelma L. Brown, Carl J. Carlson, Jr., Sharon C. Carnevale, Dennis E.
Drinka, Carol E. Evans, Joe T. Franklin, Anthony A. Gal, Richard H. Grayson, Thelma
E. Harding, Mildred L. Hynson, Louise T. Johnson, Charles A. Jolley, Gary V. Kennedy,
Robert S. Klear, Gordon H. Lester, Jr., Robert J. McCahill, Thomas McCormick, Karen
Meltzer, Alan J. Millican, Evelyn C. Newman, Kevin F. Neyland, Nancy L. Onderka,
Michael G. Pilot, John M. Reed, David P. Roth, Patricia A. Schmitt, Stuart A. Schwartz,
Hazel E. Turner, Mary O. Williams, and Ronald M. Wilson.
Secretarial support was provided by Lela S. Lester and Lela H. Morgan.




plete State data. The major data
sources underlying the improved State
data included the 1969 and 1974
Censuses of Agriculture; the 1967 and
1972 Censuses of Governments; the
Decennial 1970 Censuses of Population
and Housing; and the 1967 and 1972
economic
censuses—manufacturing,
mining, construction, and trade and
services. Some of the information from
these sources had been incorporated
in previous annual revisions; the present
revisions use them fully and consistently. The present revisions also
use information from the Internal
Revenue Service (IRS), the Railroad
Retirement Board, the Civil Service
Commission, the U.S. Department of
Agriculture (USDA), the U.S. Department of Defense, the U.S. Department
of Justice, the U.S. Department of
Labor's Bureau of Labor Statistics
(BLS), and the State Bureaus of
Employment Security.
In general, the definitional and classificational revisions reduced personal
income in most States. Downward revisions in rental income of persons more
than offset upward revisions in other
items. The statistical revisions in State
personal income were dominated by the
downward revision in farm proprietors'
income. The net effect of the two kinds
of revisions, of course, varied from
State to State because of differential
regional patterns in the State sources of
income.
Revisions in income components
As noted earlier, personal income is
the income received by persons from all
sources. Accordingly, this income consists of income from participation in
production, from transfer payments
from government and business, and
from government interest, which is
treated like a transfer payment. Persons
receiving income consist of individuals,
15

16

SUEVEY OF CUEEENT BUSINESS

nonprofit institutions, private nonin- reserves. The new estimates of the pay
sured welfare funds, and private trust of military personnel stationed abroad
funds. The review of the revisions in are based on a count of officer and
State personal income that follows im- enlisted personnel weighted by appromediately is in the framework of the priate pay scales in the several services.
major types of personal income: wage The effect of the reworking was a relaand salary disbursements; other labor tively small downward revision. (Eeviincome; proprietors' income; rental sions for civilian personnel stationed
income of persons, dividends, and abroad were negligible.) The pay of
personal interest income; transfer military reserves was reclassified from
payments; and personal contributions other labor income into wages and
for social insurance. Next, changes in salaries. This reclassification made the
the residence adjustment and in the treatment of military reserve pay
industrial classification are noted.
consistent with that of part-time civilWage and salary disbursements.—Wage ian employees.
and salary disbursements consists of
Other labor income.—Other labor inmonetary remuneration of employees, come, which is a supplement to wages
including the compensation of cor- and salaries, consists of employer conporate officers; commissions, tips and tributions to private pension and welbonuses; and receipts in kind that fare funds, and directors' fees.
represent income to the recipients.
A definitional and classificational
Eetroactive wages are counted when revision in the treatment of workmen's
paid rather than when earned.
compensation brought privately adA major statistical revision raised ministered funds into line with the
the wage and salary estimates based treatment of private pension and welon payroll data for employees covered fare funds, and Federal- and Stateby State unemployment insurance (UI) administered funds into line with the
programs. In 1972, UI program cover- treatment of other social insurance
age was extended in most industries to funds. For privately administered
include firms having one or more funds, the premiums paid to workmen's
employees. At the same time, com- compensation funds by employers were
mission salesmen and agent-drivers substituted for benefits paid by the
were brought into the program, and funds. For Federal- and State-adminiscoverage was extended to additional tered funds, transfer payments to
hospitals, educational services, non- persons were increased by the amount
profit membership organizations, and of benefits paid by the funds, and other
museums. Supplemental estimates are labor income was reduced by the same
still required, however, because coverage amount.
was not extended to all private firms or
A statistical revision affecting this
to most State and local governments.
component was the addition of State
The statistical revisions of private and local government employer contrinonfarm wages and salaries for years butions to private pension and welfare
before 1972 mainly reflected revised funds.
Proprietors1 income.—Proprietors' inestimates for firms formerly not included in UI programs because of come is the monetary income and inunderreporting or previous coverage come in kind of sole proprietorships
provisions. Farm wage revisions were and partnerships, including the inbased on USDA estimates of farm em- dependent professions, and of proployees' wages, and State and local ducers' cooperatives. It is treated in its
government wage revisions were based entirety as received by individuals.
on information from the 1972 Census Interest and dividend income received
of Governments.
by proprietors, and rental income reOther major revisions in wage and ceived by persons who are not primarily
salary disbursements included rework- engaged in the real estate business are
ing of the adjustment to exclude pay of excluded.
military personnel stationed abroad and
Both the farm and nonfarm comthe reclassifying of the pay of military ponents were revised. Eevisions in net




August 1977

income of farm proprietors reflected
changes made in the basic series by the
USDA in July 1974 and a revised
estimate of corporate farm income. The
USDA revisions incorporate information from the 1964 and 1969 Censuses
of Agriculture, updated Statistical Eeporting Service estimates of commodity
income for 1964-69, the 1970 special
survey of agricultural finance, and the
1971 Farm Production Expenditure
Survey.
The USDA revisions introduced improved farm marketing data and more
detailed operating expense data; included were new expense account items
and changed levels in some production
expense accounts. Overall, the revisions
significantly reduced estimates of the
income of farm proprietors. In addition,
the introduction of a revised State
distribution of corporate farm income,
using USDA State information, increased the corporate farm share of
total farm income, and, accordingly,
reduced the farm proprietors' share.
The USDA State information provided
a much needed underpinning to the
estimate of the State distribution of
corporate farm income.
Eevisions in nonfarm proprietors'
income were principally due to incorporation of IES data that were not
previously available and a revised
NIPA treatment of capital consumption
allowances. The latter is explained
in the section on rental income of
persons, the component of personal
income on which this revision had the
largest effect. Also, separate nonfarm
proprietors' income estimates for rural
telephone and electric cooperatives,
and pipelines were introduced. The
separate estimates more accurately
reflect the difference in the geographic
distribution of these components.
Dividends, interest, and rent.—Dividends is a cash payment by corporations organized for profit to stockholders
who are U.S. residents. Personal interest
income is the interest income of persons
from all sources. It is calculated as the
sum of net interest, plus interest paid
by government to persons and business,
less interest received by government,
plus interest paid by consumers to
(Continued on page 31)

SURVEY OF CURRENT BUSINESS

August 1977

17

Personal Income by States and Regions, 1971-76
Table 2.—Per Capita Personal Income

Table 1.—Total Personal Income

1971 '

1972 r

Percent change

1975'

State and region
Millions of dollars
United States 1

851,952

1971 '

1972 r

1971-76 1975-76

1973'

1974'

1975' 1976'

Dollars

Percent of
National average
1971

1975 1976

61.22

10.19

4,132

4,493

4,980

5,428

5,852

6,399

100

100

53,067

57,459

62,713

68,400

73,337

80,327

51.37

9.53

4,415

4,745

5,160

5,630

6,017

6,573

107

103

103

15, 355
3,431
25, 753
2,961
3,922
1,645

16, 508
3,744
27, 852
3,277
4,276
1,802

18,062
4,243
30,138
3,675
4,629
1,966

19, 712
4,716
32, 805
4,069
4,956
2,142

21, 086
5,040
35,156
4,400
5,342
2,313

22, 929
5,741
38, 272
4,942
5,866
2,577

49.33
67.35
48.61
66.88
49.57
56.66

8.74
13.91
8.86
12.32
9.82
11.40

5,002
3,391
4,465
3,894
4,097
3,630

5,357
3,634
4,810
4,213
4,417
3,907

5,865
4,085
5,192
4,622
4,769
4,226

6,388
4,494
5,657
5,034
5,283
4,581

6,802
4,764
6,046
5,420
5,737
4,900

7,356
5,366
6,588
6,010
6,331
5,411

121
82
108
94
99

116
81
103
93
98
84

115
84
103
94
99
85

198,641

214,110

231,700

252,901

272,618

295,728

48.88

8.48

4,633

4,985

5,417

5,929

6,387

6,924

112

109

108

2,649
3,862
17, 999
36, 123
89, 535
48, 474

2,896
4,190
19, 992
38, 928
95, 215
52, 891

3,232
4,504
22,133
42,406
101, 468
57, 956

3,506
4,857
24,165
46, 234
110,177
63, 962

3,756
5,264
26,117
49, 591
118, 248
69, 642

4,092
5,662
28, 514
54,152
126, 925
76, 385

54.47
46.61
58.42
49.91
41.76
57.58

8.93
7.55
9.18
9.20
7.34
9.68

4,727
5,140
4,493
4,959
4,863
4,085

5,078
5,622
4,930
5,312
5,184
4,451

5,636
6,119
5,433
5,790
5,571
4,890

6,072
6,738
5,909
6,314
6,087
5,402

6,483
7,398
6,336
6,763
6,542
2
5, 872

7,030
8,067
6,880
7,381
7,019
6,439

114
124
109
120
118
99

111
126
108
116
112
100

110
126
108
115
110
101

Great Lakes-

175,198

190,807

212,735

230,783

247,484

105

103

105

Illinois
Indiana
Michigan.
Ohio
Wisconsin.

53, 022
20, 831
39,188
44, 560
17, 597

56,
22,
43,
48,
19,

106
101
95

116
95
102
99
95

115
97
106
100

63,883

New England .
Connecticut
Maine
Massachusetts. __
New Hampshire.
Rhode Island
Vermont
Mideast.
Delaware
District of ColumbiaMaryland
New Jersey
New York
Pennsylvania

935,463 1,045,098 1,147,257 1,246,501 1,373,511

100

Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia

-

10.60

4,318

4,678

5,209

5,642

6,044

6,687

75,
29,
54,
61,
25,

798
602
463
981
640

82, 503
32, 990
61, 485
68, 541
28,190

55.60
58,37
56.90
53.82
60.20

8.85
11.44
12,89
10.58
9.94

4,743
3,974
4,371
4,154
3,943

5,074
4,313
4,804
4,513
4,263

5,665
4,901
5,339
4,974
4,745

6,214
5,216
5,668
5,435
5,179

6,769
5,572
5, 978
5,774
5,588

7,347
6,222
6,754
6,412
6,117

70,834

83,781

87,774

95,243

102,600

60.61

7.73

3,878

4,275

5,039

5,270

5,706

6,105

94

12,063
10,103
16, 866
19, 876
6,635
2,680
2,610

14, 787
11, 661
19, 890

22, 383

7,851
3,842
3,367

15, 224
12, 458
21,168
23, 940
8,001
3,743
3,240

16, 783
13, 587
22, 597
26, 023
9,061
3,781
3,411

17, 923
14, 945
24, 515
28, 494
9,450
3,761
3,512

66.31
65.12
59.09
55.18
61.21
73.91
55.44

6.80
10.00
8.49
9.49
4.29
-.51
2.96

3,789
4,020
3,997
3,887
3,903
3,455
3,371

4,219
4,475
4,357
4,186
4,362
4,240
3,847

5,168
5,143
5,116
4,698
5,124
6,065
4,949

5,329
5,498
5,421
5,017
5,193
5,888
4,755

5,867
5,959
5,762
5,459
5,870
5,936
5,011

6,245
6,469
6,183
5,963
6,086
5,846
5,120

92
97
97
94
94
84
82

100
102
98
93
100
101

101
97
93
95
91

154,600

Iowa
_.
Kansas
Minnesota. _-.Missouri
Nebraska
North Dakota.
South Dakota.

56.23

69, 347
27, 717
51, 674
58, 399
23, 646

10,777
9,051
15, 410
18, 362
5,862
2,163
2,260

Plains.

273,709

317
977
457
448
536

174,157

198,014

220,714

239,396

266,190

72.18

11.19

3,461

3,828

4,278

4,690

5,021

5,526

84

86

86

10, 893
5,879
28, 327
16, 613
10, 710
11,912
6,220
17, 724
8,369
13, 312
18, 867
5,773

12, 083
6,611
32, 958
18, 761
11,870
13, 039
7,061
19, 991
9,431
14, 990
20, 930
6,432

13, 640
7,786
38, 549
21,157
13, 336
14, 604
8,019
22, 585
10, 716
17, 031
23,506
7,085

15,132
8,835
43, 251
23,156
15,131
16, 451
8,829
24, 837
12, 203
18, 767
26, 251
7,871

16, 693
9,507
46, 320
24, 734
16, 499
18, 428
9,465
26, 796
13,093
20, 221
28, 774
8,866

18,714
10, 408
50, 690
27, 576
18, 439
20, 762
10, 663
29, 821
14, 662
22, 606
31, 908
9,941

71.80
77.03
78.94
65.99
72.17
74.29
71.44
68.25
75.19
69.81
69.12
72.20

12.11
9.48
9.43
11.49
11.76
12.66
12.66
11.29
11.98
11.79
10.89
12.13

3,131
2,999
4,005
3,549
3,268
3,226
2,772
3,434
3,164
3,340
4,000
3,284

3,440
3,302
4,460
3,952
3,607
3,492
3,096
3,815
3,511
3,701
4,383
3,608

3,852
3,830
4,973
4,391
4,014
3,899
3,462
4,254
3,936
4,161
4,846
3,974

4,233
4,618
4,273 2 4,506
5,340 2 5,596
4,748
5,016
4,511
4,871
4,373
4,842
3,783
4,044
4,621
4,925
4,397
4,650
4,523
4,846
5,347
5,777
4,411
4,927

5,106
4,934
6,020
5,548
5,379
5,405
4,529
5,453
5,147
5,364
6,341
5,460

76
73
97

79
77
96
86
83
83
69
84
79
83
99
84

80

915
778
428
444
243

63,
25,
48,
53,
21,

78
67
83
77
81
97
79

95

84
84
71
85
80
84
99
85

62,200

69,605

79,799

89,488

99,913

112,608

81.04

12.71

3,669

4,023

4,516

4,978

5,458

6,024

89

93

94

Arizona
New Mexico.
Oklahoma
Texas

7,388
3,433
9,124
42, 254

8,456
3,857
10,115
47, 088

9,866
4,323
11, 623
53,986

11, 065
4,842
12, 930
60, 651

11,819
5,525
14, 242
68,327

13,166
6,217
15, 788
77, 436

78.21
81.08
73.04
83.26

11.40
12.52
10.86
13.33

3,928
3,265
3,510
3,699

4,319
3,596
3,842
4,053

4,744
3,935
4,372
4,563

5,123
4,327
4,822
5,047

5,344
4,830
5,246
5,584

5,799
5,322
5,707
6,201

95
79
85
90

91
83
90
95

91
83
89
97

Rocky Mountain-

Southwest-

19,588

22,330

25,975

28,789

31,400

34,763

77.46

10.71

3,793

4,188

4,734

5,152

5,529

6,010

92

94

94

Colorado..
Idaho
MontanaUtah
Wyoming.

9,522
2,524
2,486
3,747
1,309

10, 828
2,926
2,885
4,185
1,506

12,510
3,461
3,466
4,731
1,806

13,819
4,000
3,666
5,259
2,045

15, 086
4,196
4,017
5,825
2,277

16,633
4,684
4,283
6,570
2,593

74.68
85.60
72.26
75.31
98.11

10.26
11.64
6.62
12.79
13.89

4,167
3,431
3,503
3,427
3,846

4,540
3,869
4,013
3,719
4,352

5,046
4,479
4,760
4,100
5,119

5,495
5,027
4,976
4,462
5,652

5,936
5,159
5,384
4,843
6,060

6,440
5,640
5,689
5,350
6,642

101
83
85
83
93

101
88
92
83
104

101
88
89
84
104

Far W e s t . . .

119,463

130,359

143,763

160,801

177,960

197,410

65.25

10.93

4,531

4,910

5,355

5,912

6,441

7,033

110

110

94, 242
2,476
8,429
14,315

102, 582
2,771
9,467
15, 540

112, 403
3,146
10, 723
17,491

125,598
3,481
11,982
19,739

138, 719
3,893
13, 008
22,341

153, 892
4,368
14,580
24,569

63.29
76.41
72.97
71.63

10.94
12.21
12.09
9.97

4,649
4,825
3,943
4,161

5,446
5,704
4,830
5,089

6,016
6,067
5,312
5,649

2 6,544
6,595
5,695
6,277

7,151
7,162
6,261
6,802

112
113
97
107

112
112
98
106

1,563
3,750

1,698
4,103

2, 006
4,611

2,429
5,177

3,443
5,706

3,979
6,198

154. 57
65.29

15.57
8.62

4,957
4,775

5,024
5,170
4,338
4,547
5,232
5,069

6,060
5,554

7,117
6,138

9,440
6,669

10,415
7,080

161
114

163
111

4,415
4,636
4,318
3,878
3,833
3,168
S,516
3,819
4,538

4,745
4,977
4,678
4,275
4,238
3,502
3,845
4,205
4,913

5,160
5,398
5,209
5,039
4,705
3,920
4,342
4,699
5,362

5,630
5,914
5,642
5,270
5,122
4,314
4,816
5,103
5,930

6,017
6,372
6,044
5,706
5,458
4,652
5,296
5,469
6,483

6,573
6,906
6,687
6,105
5,968
5,155
5,867
5,951
7,076

California
Nevada
Oregon
Washington.
Alaska..
Hawaii.
Addenda

New England
Middle Atlantic
East North Central.
West North Central
South Atlantic
East South CentralWest South Central.
Mountain
Pacific

Census regions

53, 067
174,132
175,198
63, 883
120,183
41,135
69,170
32, 886
122, 299

57, 459
187, 033
190, 807
70, 834
135,579
46, 005
76, 852
37,504
133,389

62, 713
201,831
212, 735
83, 781
153, 468
52, 025
88, 000
43,311
147, 234

68, 400
220,373
230, 783
87, 774
170, 098
57, 859
98,867
48,178
164,926

73,337
237, 481
247, 484
95, 243
183, 720
62, 878
110,504
52, 637
183,217

80,327
257, 461
273, 709
102, 600
202, 865
70,422
124,395
58,513
203, 218

r
Revised. The State revisions were made to achieve conceptual and statistical conformity
with the benchmark revisions of the national income and product accounts and to incorporate
new and improved data sources.
1. The personal income level shown for the United States differs from that in the national
income and product accounts because of adjustments to labor and proprietors' income. These
adjustments were required to insure appropriate subnational distributions of personal income.




51.37
47.85
56.23
60.61
68.80
71.20
79.84
77.93
66.16

9.53
8.41
10.60
7.73
10.42
12.00
12.57
11.16
10.92

107
112
105
94
93
77
85
92
110

103
109
103
98
93
79
90
93
111

103
108
105
95
93
81
92
93
111

They included such adjustments as exclusion of the pay of Federal and other employees
stationed abroad.
2. State population used in the computation of per capita personal income in 1975 included
65,000 Vietnamese refugees located as follows: Indian Gap Military Reservation, Pennsylvania
(17,000); Fort Chaffe, Arkansas (24,000); Eglin Air Force Base, Florida (6,000); and Camp
Pendleton, California (18,000). By the end of 1975, these refugees were resettled throughout
the United States and the camps were closed.

SUEVEY OF CURRENT BUSINESS

18

August 1977
Tables 4-12.—Personal Income
[Millions

Table 5.—New England

Table 4.—United States

Item

Line

1973^

19741

19752

834,990

898,702

949,663

695,024
48,670
91,296
30,878
60,418

758,415
55,572
84,715
23,852
60,863

35,925
799,065

29,733

654,310
2,951
2,456
495
8,198
2,418
3,226
1,161
1,393
53,547

711,642
3,226
2,687
539
11,627
3,411
5,332
1,306
1,578
56,168

1976

Table 6.—Connecticut

19731

19741

19752

19762

19731

19741

1975 2

1976 2

1,046,513

48,215

51,511

53,223

58,364

13,558

14,634

15,119

16,360

799,572
64,843
85,248
22,422
62,826

883,119
75,827
87,567
18,134
69,433

41,475
2,968
3,772
272
3,500

44,496
3,311
3,705
297
3,407

45,932
3,814
3,477
173
3,304

49,967
4,460
3,937
289
3,648

11,624
877
1,057
40
1,017

12,633
994
1,006
40
966

13,002
1,129
988
28
960

13,964
1,309
1,087
27
1,060

28,640
921,023

24,977
1,021,536

409
47,806

440
51,071

315
52,908

443
57,921

85
13,473

14,546

75
15,045

78
16,282

835,730 40,328
3,840
191
3,210
139
630
52
15,256
40
5,070
(*)
6,679
(*)
D
1,686
)
1,821
()
60,147 3,180

43,293
221
157
64
47
2
3
1
41
3,077

44,541
215
149
66
51
1
2
2
46
2,785

49,052
226
152
74
53
2
3
2
47
2,820

11,746
47
46
1
13

12,691
54
53
1
17

13,054
49
47
2
18

14,238
51
49
2
18

12
907

1
4
866

16
784

219,562 237,407 239,436
79,353
85, 672 88,482
16, 982 18,462
19, 966
7,721
7,459
7,848
8,711
8,835
8,860
8,088
8,912
8,780
11,823
12, 603 13,181
13,416
15,421
16,231
2,968
3,882
3,527
796
930
875
6,877
7,185
7,321
1,901
1,971
1,975

271,138
99,998
21,998
8,749
10,189
10,393
14,533
18,149
4,396
1,029
8,361
2,201

14,710
5,004
630
636
447
796
791
511
(D)
6
(D)
436

16,071
5,206
643
611
449
855
846
568

17, 992
5,863
735
664
521
976
979
641
49
8
788
503

4,921
1,075
127
111
86
105
207
216
19
5
186
12

5,440
1,144
133
107
86
114
224
241
22
6
199
13

5,448
1,177
143
100
85
108
245
250

()
420

16,083
5,198
664
575
455
832
895
609
47
8
691
421

()
203
12

5,978
1,299
165
114
92
134
269
269
)
()
211
13

140,209 151, 735 150, 954
6,226
6,773
6,482
4,347
3,902
4,439
18,188 21,088
19,345
16, 788 18,161
19, 756
25,632
29,228 30,165
21,873
22,191
23,365
12,126
14,646
13,037
15,651
14, 719
15,150
2,224
2,264
()
*
7,721
8,178
8,174
5,601
6,235
7,269
3,832
4,108
4,014
66,591 i 70,156
61,644
8,669 ' 8,613
8,206
16,183
16,558
15,467
2,853
2,737
2,493
11,306
10,541
9,628
19,291
17,089
15,635
11,910
10,997
10,215
63,941
57,709
50,591
97, 744
92,941
86,855
43, 414 45,893 49,268
14,067
12,641
10,999
35,201
33,252
32,415

171,140
8,208
4,505
21,736
22,215
33,143
24,914
15,671

9,705
267
190
(D)
1,338
1,937
(D)
1,293
(D)
()
352
720
580

10,865
279
201
736
1,488
2,236
2,150
1,461
(D)
()
379
853
631

10,885
254
191
627
1,664
2,244
2,090
1,719
113
(•)
353
992
638

12,129
300
204
711
1,859
2,443
2,342
1,888
136
(•)
387
1,125
734

3,846
23
51
308
673
726
464
1,037
23
88
110
211
130

4,296
22
58
348
750
813
510
1,167
25
103
112
243
144

4,270
20
56
315
815
835
498
1,209
26
(•)
105
262
130

4,679
23
59
357
914
878
563
1,301
27
(•)
111
301
146

78,203
9,439
18,260
3,138
12,464
21,628
13,274
70,010
109,683
55, 712
15,916
39, 796

2,930
195
742

3,207
202
722
54
430
1,163
636
3,181
5,596
3,245
885
2,361

3,508
222
791
63
472
1,264
696
3,467
6,118
3,557
954
2,603

711
49
178
23
72
225
164
710
1,320
917
176
741

754
51
186
16
89
243
170
821
1,373
988
199

786
51
171

856
56
186

()
974
583
2,744
5,108
2,850
723
2,127

3,088
204
763
54
409
1,049
608
3,003
5,386
3,033
812
2,221

155,359
5,393
7,598
5,724
29,130
6,036
101,478

171,741
5,989
8,052
6,325
32,654
6,707
112,014

8,575
(D)
400
273
1,441
238
(

9,368
(D)
407
283
1,550
241
(D

10,177
246
407
294
1,603
250
7,376

11,311
279
428
325
1,793
275
8,212

2,201
37
109
91
379
56
1,529

144,755 157, 327 173,077
41, 773
34,848 38,175
17, 642 17, 897
16,810
93, 097 101,510 113,407

185,806
44,970
18,421
122,415

7,478
1,476
696
5,306

7,778
1,536
582
5,660

8,367
1,678
573
6,116

1,799
577
6,493

48,215
2,314

51,511
2,709

53,223
2,835

45,901
893

48,802
931

46,794
8,528
7,390

Income by place of work
Total labor and proprietors income

3

*..

By type

Wage and salary disbursements..
Other labor income
Proprietors income 4
_
Farm
Nonfarm 4
By industry

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
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58

Farm
Nonfarm.
Private
Agricultural services, forestry,fisheries,and other 5.
Agricultural services
Forestry,fisheries,and other «
Mining
_
Coalmining
Oil and gas extraction
Metal mining
Nonmetallic minerals, except fuels
Construction
Manufacturing
Nondurable goods
Food and kindred products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Tobacco manufactures
Rubber and miscellaneous plastics products..
Leather and leather products
Durable goods
Lumber and wood products _
Furniture and fixtures
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment
Transportation equipment except motor vehicles
Motor vehicles and equipment
Ordnance..
Stone, clay, and glass products. _
Instruments and related products
Miscellaneous manufacturing industries

Transportation and public utilities
Railroad transportation - _
Trucking and warehousing
Water transportation
Other transportation
Communication
Electric, gas, and sanitary services
Wholesale trade
Retail trade
.
Finance, insurance, and real estate
Banking
Otherfinance,insurance, and real estate
Services
Hotels and other lodging places
Personal services
Private households
Business and repair services
Amusement and recreation including motion pictures.
Professional, social, and related services
Government and Government enterprises.
Federal, civilian
Federal, military
State and local

67

..

127,548
4,899
7,158
5,326
24,124
5,316
80,725

140,080
5,174
7,421
5,511
26,455
5,662
89,857

747,946
3,289
2,754
535
13,541
4,399
5,927
1,518
1,697

55,212

()
*
9,184
8,159
4,545

Derivation of personal income by place of residence
834,990 898, 702 949,663 1,046,513
Total labor and proprietors income by place of work
54,910
Less: Personal contributions for social insurance by place of work... 41,949 47,388 50,045
991,603
Net labor and proprietors income by place of work
793,041 851,314 899,618
fl
0-325
«-268
-236
»-250
Plus: Residence adjustment
991,278
792,805 851,064 899,350
Net labor and proprietors income by place of residence..
189, 401
Plus: Dividends, interest, and rent 7
133,407 155,367 170,318
192,832
Plus: Transfer payments
118,886 140,826 176,833
Personal income by place of residence.

1,045,098 1,147,257 1,246,501 1,373,511

Per capita income (dollars)
Total population (thousands).

4,980
209,846

5,428
211,371

*Less than $500,000.
Not shown to avoid disclosure of confidential information; data are included in totals.
1. Estimates based on 1967 Standard Industrial Classification.
2. Estimates based on 1972 Standard Industrial Classification.
3. Consists of wage and salary disbursements, other labor income, and proprietors' income.
4. Includes the capital consumption adjustment for nonfarm proprietors.
D




5,852
213,020

214, 648

()
(*)

()

()
(*)

()
(*)
16
743

()

()

184
876
1,437
1,077
217
861

196
972
1,574
1,185
236
949

2,378
36
109
94
415
60
1,663

2,579
37
110
98
430
62
1,841

2,861
40
116
108
488
75
2,034

1,727
256
122
1,349

1,855
283
135
1,436

1,991
319
145
1,527

2,044
309
146
1,589

58,364
3,054

13,558
614

14,634
788

15,119
813

16,360
863

50,388
979

55,310
1,049

12,944
722

13,845
726

14,306
760

15,497
816

49,734
9,866
8,801

51,367
10,604
11,367

56, 359
11,843
12,124

13,665
2,708
1,689

14,572
3,153
1,987

15,066
3,435
2,584

16,313
3,831
2,784

62, 713

68,400

73,337

80,327

18,062

19, 712

21,086

22,929

5,160
12,155

5,630
12,148

6,017
12,187

6,573
12, 221

5,865
3,080

6,388
3,086

6,802
3,100

7,356
3,117

5. Includes wages and salaries of U.S. residents working for international organizations.
6. Adjustment for border workers: income of U.S. residents working across U.S. borders
less income of foreign residents working in the U.S.
7. Includes the capital consumption adjustment for rental income of persons.
NOTE.—See footnotes on tables 1 and 2.

SURVEY OF CURRENT BUSINESS

August 1977

19

by Major Sources, 1973-76
of dollars]
Table 9.—New Ham]E>shire

Table 8.—Massachusetts

Table 7.-Maine

2
2
19731
1973 1 19741 1975 2 1976 1973 1 19741 1975 2 1976

Table 10.—Rhode Island

1974 1 1975 2 1976 2 19731 19741

Table 11.—Vermont

1975 2 19762

Table 12.—Mideast

19731 1974 1 1975 2 1976 2 19731

Line

1974 1 1975 2 1976 2

3,278 3,565 3,668 4,239 23,667 25,193 25,992 28,258

2,648

2,847

2,979

3,402

3,527

3,648

3,753

4,191

1,537

1,624

1,713

1,914 185,228 198,882 208,193 224,184

1

2,649 2,873 3,043 3,451 20,614 22,041 22,693 24,510
256
211
307 1,447 1,593 1,840 2,131
184
370
481
445
480 1,607 1,559 1,459 1,617
29
28
24
35
56
168
124
135
313
321
345 1,578 1,531 1,436 1,582
313

2,258

2,445

2,541

2,888

3,063

3,156

3,243

3,601

1,267

1,347

1,411

165
226
18
207

183
218
13
205

212
226
14
212

261
254
17
237

207
256
2
255

231
261
4
257

262
247
2
245

317
273
3
269

88
181
59
123

98
179
45
134

115
187
49
138

1,552 161,474 173,431 180,420
136 10,820 12,193 13,968
226 12,934 13,258 13,805
71 1,077
918
766
155 11,858 12,341 13,040

14,281

2
3
4
5
6

89 1,490 1,393 1,272 1,395
1,825 183,738 197,489 206,921 222,789

7
8

1,509 150,147 161,235 167, 717 181,647
518
583
577
616
7
457
468
7 (D)
(D)
121
148
(D)
(D)
(*)
782 1,044 1,217
1,336
472
646
814
928
(•)
135
128
(D)
(D)
(D)
63
69
(D)
(D)
(D)
D
190
204
204
210
( )
112 10,789 11, 015 10,032 10,018

9
10
11
12
13
14
15
16
17
18

458
(D)
24
4
8
24
35
6
(D)
(*)
13
3

517 48,688 52,349 52,449 56,989
(D)
(D)
21,280 21,595 23,559
D
26 ( D )
3,461 3,654 3,942
c
( )
1,248 1,304
(D)
10 3,361 3,258 3,182 3,501
29 1,672 1,820 1,785
2,018
38 3,658 3,855 3,988 4,278
8 4,262 4,865 5,013 5,471
934 1,010
(D)
(D)
(D)
D
D

19
20
21
22
23
24
25
26
27
28
29
30

(D)
(D)

(D)
(D)

80
65
72
69
84
165
196
148
3,130 3,370 3,584 4,074 23,596 25,124 25,927 28,178

2,488 2,685 2,838 3,282 19,889 21,255 21,784 23,737
87
95
100
107
33
39
28
33
67
65
66
11
59
11
11
11
35
41
29
27
2<
22
28
17
3

c
(*)
(D)
(D)
(D)
333

2
(D)
237

(*)
(D)
(D)
(D)
251

28
125

945
596
82
67
22
228
28
13
2
(*)
31
123

307
118
7
7
25
26
47
41
9
3
13
3
6

349
129
7
9
27
33
54
52
10
3
14
4
7

4
40
29
46
55
11
(*)
15
4
8

48
35
56
57
10
(*)
17
5
9

215
40
56
5
13
62
38
159
383
133
42
91

232
42
61
7
14
67
40
178
402
139
46
93

244
42
61
7
15
76
43
202
426
150
51
98

276
46
69
10
17
87
47
225
480
166
55
110

476
30
27
27
50
9
332

510
26
26
28
53
10
367

580
(D)
(D)
29
58
11
427

655
(D)
(D)
32
65
12
485

642
169
97
376

685
190
93
401

746
214
106
426

792
239
99
454

(*)
(*)

1
1
222
871
564
78
66
20
208
25
13
2

(*)

(*)
(D)

12

11

(D)
(D)
(*)

(D)

13

(D)

(D)
1

(D)

1

(D)
(D)

1

11

11

13

13

1,466

1,284

1,228

948 1,111
610
721
87
98
61
77
22
26
240
279
30
33
12
14
3
(*)
(*)
39
33
123
153

6,561
2,486

7,129
2,551

7,153
2,539

7,935
2,839

389
140
9

4,075

4,578

4,614

51
88
210
497
886

47
90
241
555

44
85
185
644

1,042
1,183

1,047
1,165

338
118

334
262
292
375
454
259
19
1
364
190

338
261
296
357
476
293
(D)
(D)
306
191

19

20

24

6

8

6

8

74

61

65

2,828

2,958

3,378

3,521

3,640

3,746

4,183

1,463

1,564

1,648

2,199

2,372

2,458

2,837

2,803

3,003

3,059

3,449

1,204

1,287

1,349

10
9
2
4

11
9
1
5

9
8
1
6

10
9
2
6

14
9
4
2

16
11
5
2

16
11
5
2

17
11
6
2

5
5

6
6

7
7

(*)
(D)
(•)
(D)
211

(*)
(D)
(•)
(D)
203

(*)
(*)
(D)
(D)
186

(*)
(*)
(D)
(D)
210

(*)
(*)
(*)

C)
(*)

(•)
(*)
(D)
(D)
193

(*)
(D)
(D)

2
195

(*)
(*)
(D)
(D)
180

8
120

9
110

852
(D)
28
53
17
76
43
8
(D)

910
(D)
30
47
19
87
47
9
(D)
(*)
70
72

902
(D)
33
40
19
77
48
9
(D)
(D)
63
73

1,078

1,096

1,196
(D)

1,175

1,374

(D)

36
46
23
89
53
11

42
130
22
23
53
33
(D)
(*)
74
18

43
124
23
26
59
39
(D)
(*)
(D)
19

40
108
25
26
60
39
(D)
(*)
72
19

43
122
30
31
67
43
(D)
(*)
81
24

409
(D)
21
5
7
22
31

451
118
22
4
8
24
34
7
(*)
(*)
15

(D)

(D)
(D)

(D)
(D)

(D)

(D)

(D)
(D)

(D)
(D)

14

1,525

334
271
294
362
431
234
14
1
343
203

25

2,624

367
300
339
415
519
296
(D)
(D)
361
219

C)

70
76

5,096 ( D )
43
87
204
703

(D)

(D)
(D)
83
90

45
16
30
43
116
177
7
(D)
5
18
11
11

46
16
35
44
135
190
7
(D)
7
19
15
13
164
7
46
1
12
63
36
133
348
133
36
96

22
18
52

465
31
24
18
58
(D)
(D)

425
79
64
282

456
83
64
309

501
97
64
340

541
106
66
368

3,278 3,565 3,668 4,239 23,667 25,193 25,992 28,258
163
188
202
226 1,119
1,248 1,311 1,403

2,648

2,847

2,979

138

174

183

3,115 3,377 3,466 4,013 22,548 23,945 24,681 26,855
-16
-19
-26
-27
-142 -186 -180 -179

2,510

2,673

272

323

3,099 3,358 3,440 3,986 22,406 23,759 24,501 26,677
527
610
661
740 3,966 4,552 4,824 5,391
617
748
939 1,015 3,765 4,494 5,830 6,204

2,782
472
422

4,243 4,716 5,040 5,741 30,138 32,805 35,156 38,272
4,086 4,494 4,764 5,366
1,039 1,049 1,058 1,070

e




1,065

1,157
1,265

12
173
7
44
(D)
(D)
73
38
151
369
140
40
101

192
8
49
(D)
(D)
81
42
170
417
163
44
118

186
9
58
5
17
56
42
191
374
173
49
124

189
9
57
5
18
58
42
209
389
185
56
128

189
9
53
5
18
65
39
208
401
198
61
137

591

571
(D)

623
(D)
34
17
91
21
(D)

692
(D)

718
168
161
389

3,402
205

2,796
332

2,995
573
501

3,675

17
97
(D)
(D)

637
141
80
416

687
146
58
484

734
159
62
513

259
46
9
205

3,527

3,648

3,753

4,191

200

230

244

267

3,197

3,327

3,417

3,509

350

90

122

126

3,127

3,547

3,417

3,540

639
634

716
679

573
640

655
761

4,069

4,400

4,942

4,629

4,622

5,034

5,420

6,010

795

808

812

822

1,598
2,690
1,522

1,667
2,774
1,612

1,780
2,996
1,749

1,033

1,072

1,121

1,229

4,653

5,100

410

104
203
110
912
124

5,476
108

6,075

99
199
106
852
130

3,267

3,648

3,999

4,462

3,707

3,869

4,144

4,442

759
243

787
199

845
188

922
190

2,705

2,883

3,111

3,330

5,657
5,799

6,046
5,814

122
210
126

6,588
5,809

c

291
29
11
16
22
(D)
(D)

1,509
2,542
1,436

30

(D)
(D)

(D)

522
30

(D)

19
62

(D)
(D)

(D)
(D)
(D)

35

8
67

(D)
20
(*)
(*)

(*)

14
3

19
23
c
4
8
10
74
76
132
158
(D)
(D)
(D)
(D)
(*)
(*)
29
31
(D)
(D)
8
6

264
32
10
15
21
(D)
(D)

88
395
(D)
(D)
(D)
343

5,192
5,805

333
29
20

763
(D)
34
19
111
(D)
(D)

80
362
(D)
(D)
(D)
312

130

26
20

9
(*)
(D)
(D)
(D)
101

111
12
31
1
8
38
21
77
190
69
26
43

82
380
24
269
585
301

1,026

(D)

3

(*)

107
12
33
1
8
33
20
64
183
67
24
43

78
376
(D)
(D)
542
286

153
6
44
1
11
58
34
117
317
124
32
92

199
114
932
124

(D)

9

101
12
30
1
7
31
19
59
172
67
21
46

1,853

520

11
105
109
124
116
(D)
16
(*)
34
(D)
298

7
(*)
(*)
(D)

(¥)
(D)
(D)

207
10
56
6
19
71
45
235
439
218
69
148

1,704

491

9
88
98
115
93
D
( )
13
(*)
31
(D)
254

(*)
8

28
12
4

1,642

451

14
31
59
145
156
D
( )
(D)
(*)
24

5
9
98
104
139
92
14
12
(D)
31
53
224

(D)

(*)

g
75
121
26
(*)
(*)
29
12
5

1,564

403

(D)

16
36
77
173
184
(D)
(D)
(*)
29
(D)
14

196
62
225
173
526
238

438
82
(*)
166
683
258

2
196

5
9
86
92
114
91
8
12
(D)
30
50
202

180
95
192
153
433
226

390
64
(*)
150
613
228

(*)

124
13
35
1
9
42
24
86
212
77
29
48

( )
(D)
(D)

( )
(D)
(D)

192,937
16,123
15,123
843

94

92

1,225

1,416

471

528

31,068 30,854 33,430
(D)
386
400
440
517
665
684 ( D )
(D)

5,289
3,170
4,970
5,071
1,506
D

6,166
3,487
5,548

6,113
4,034
6,132
5,765
1,757

( )
252

(D)
(D)
(D)
247

5,678
3,674
5,785
5,370
1,710

1,935
2,505
1,221

2,051
2,716
1,264

2,011
2,903
1,253

2,190
3,135
1,390

(D)
(*)

(D)
(*)

14,597 15,535 16,170 17,822
1,420 1,537 1,517 1,663
(D)
3,239 3,550
(D)
946 1,018 1,030
1,102
2,655 2,842 ( D )
(D)
4,036 4,294 ( D )
(D)

31
32
33
34
35
36
37
38
39
40
41
42
43

12,054 13,292 14,120 15,231
17,902 18,750 19,724 21,460
11,901 12,641 13,777 15,072
3,281 3,782 4,208 4,574
8,620 8,860 9,570 10,498

44
45
46
47
48
49
50
51
52
53
54
55

328
35
12
17
24
(D)
(D)

366 32,917 36,026 39,651 43,103
986 1,009
40
980 1,038
13 1,535 1,565 1,571 1,624
18 1,204 1,246 1,294
1,430
28 6,912 7,457 7,944 8,591
(D)
1,254 1,307 1,383 1,488
21,026 23,442 26,479 28,932
(D)

56
57
5
59
60
61
62

277
52
10
214

299
58
13
228

316 33,591 36,254 39,204 41,142
63 9,579 10,407 11,262 12,150
14 1,710 1,694 1,672
1,719
239 22,302 24,153 26,271 27,273

63
64
65
66

1,537

1,624

1,713

79

80

83

1,914 185,228 198,882 208,193 224,184
90 9,524 10,545 11,015 11,707

67
68

3,924

1.457

1.545

1,630

125

-32

-35

-33

1,824 175,704 1SS,337 197,178 21J, 477
- 3 6 -2,401 -2,714 -2,977 -3,320

63
70

3,635

4,049

1,425

1,510

1,597

714
993

796

1,C21

282
258

322
310

330
386

1,788 173,303 185,623 194,201 209,158
369 30,702 35,074 38,125 42,378
420 27,695 32,204 40,292 44,193

71
72
73

4,956

5,342

5,866

1,966

2,142

2,313

2,577 231,700 252,901 272,618 295,728

74

4,769

5,283

5,737

6,331

4,226

4,581

4,900

5,411

971

938

931

927

465

468

472

75
76

33

21
75
(D)

16
86
20

33

(D)

5,417

(D)

5,929

(D)

6,387

(D)

6,924

476 42,773 42,651 42,682 42,711

SURVEY OF CURRENT BUSINESS

20

August 1977
Tables 13-21.—Personal Income
[Millions

Line

Table 13.—Delaware

Item
19731

19741

19752

Table 14.—District of Columbia
1976

2

19731

19741

1975 2

1976

2

Table 15.—Maryland
19731

19741

1975 2

1976 2

Income by place of work
Total labor and proprietors income

34

2,708

2,892

3,024

3,285

7,375

8,025

8,602

9,465

16,058

17,315

18,271

19,807

2,310
177
221
90
131

2,487
198
206
69
137

2,588
218
217
79
138

2,800
256
229
75
154

6,947
258
170
(*)
170

7,548
315
162

8,043
401
159
()
*
159

8,825
469
171
()
*
171

13,908
816
1,335
188
1,147

15,154
945
1,216
123
1,093

15,906
1,097
1,268
144
1,124

17,135
1,281
1,392
155
1,237

2,811

90
2,934

86
3,199

()
*
7,375

()
*
8,025

8,602

9,465

231
15, 827

175
17,140

199
18, 072

222
19, 585

2,474

2,712

3,442
45

3,790
51

4,034
54

4,319
66

()

()

11,473
57
49
8
21
5
1
()
*
15
1,263

12,458
58
51
7
24
8
2
()
*
13
1,354

13,011
57
52
6
26
12
1
()
*
13
1,236

14,183
62
56
6
29
13
1
()
*
15
1,354

2,829
1,090
298
(D)
136
101
218
193
14
(D)
104
14

3,088
(D)

3,078
(D)
328
(D)
120
(D)
245

3,284
(D)
342
(D)
120
(D)
264

)
115

()
16
1
()

By type
Wage and salary disbursements
Other labor income
Proprietors income 4
Farm
Nonfarm 4

_.

By industry
Farm
Nonfarm
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
39
40
41
42
43

100

--

Private.
Agricultural services, forestry, fisheries, and o t h e r s
Agricultural services
Forestry, fisheries, and other 5
Mining
Coal mining
Oil and gas extraction
Metal mining
Nonmetallic minerals, except fuels
Construction

—

Manufacturing
Nondurable goods
Food and kindred products
Tex tile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Tobacco manufactures
Rubber and miscellaneous plastics products
Leather and leather products
Durable goods
Lumber and wood products
Furniture and fixtures
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment
Transportation equipment except motor vehicles
Motor vehicles and equipment
Ordnance
Stone, clay, and glass products
Instruments and related products
Miscellaneous manufacturing industries

2,222
8
7
1
3
(*)
2
()

2,390
8
8
()
*
5
()
*
4

()
*

196

202

197

205

1,015
)

1,100

1,133

1,244

11
10
19
543
20
(*)
48

22
12
20
639
22
(*)
39

30
13
22
662
24
()
*

36
16
24
685
29
()
*

()
8
17
1

9
21
1

148

156

(*)
8
20

(
(*)
9
25
(D)

1
(D)
1
(D)
(D)
276
224
201
19
()
*
1
()
*
176
4
(D)
()
*
(D)

(D)
(D)
335
248
222
19
()
*
()
*
()
*
197
4
D
()
()
*
(D)

505
(D)
20
2
140
224
(D)
218
401
343
87
256

1,528
62
42
72
244
30
1,078

1,687
63
42
75
260
30
1,219

(

11
31
37
95
279
115
38
77

13
33
39
114
285
120
44
77

56
57
58
59
60
61
62

Services
Hotels and other lodging places
Personal services
Private households
Business and repair services
Amusement and recreation including motion pictures
Professional, social, and related services

399
14
21
27
79
15
243

405
8
21
28
(D)
16

454

12
19
26
69
14
222
62
58
266

421
72
60
289

460
80
62
318

487
83
65
339

3,070
220
644

Total labor and proprietors income by place of work
Less: Personal contributions for social insurance b y place of work

2,708
130

2,892
150

3,024
160

3,285
172

Net labor and proprietors income by place of work
Plus: Residence adjustment

2, 578
-105

2,741
-108

2,863
-113

N e t labor and proprietors income b y place of residence
Plus: Dividends, interest, and r e n t 7
Plus: Transfer payments

2,473
489
270

2,633
538
335

Personal income b y place of residence

3,232

5,636
573

Government and government enterprises
Federal, civilian
Federal, military
State and local

1

448
(D)
18
1
127
208
(D)
207
392
320
76
244

()

63
64
65
66

(D)

()

25
1
()
*
2
4
2
5

Transportation and public utilities
Railroad transportation
Trucking and warehousing
Water transportation
Other transportation
Communication
Electric, gas, and sanitary services
Wholesale trade
Retail trade
Finance, insurance, and real estate
Banking
Other finance, insurance, and real estate

2

2
D

23
1
(*)
2
4
1
4
4
(*)
(*)
5
1
2

44
45
46
47
48
49
50
51
52
53
54
55

C)

()
*
4
1

1
(D)
(D)
297

()
(D)
198
(D)
(D)
()
*
(D)

1
(D)
(D)
279
278
(D)
(D)
(D)
()
*
(D)
213
(D)
(D)
()
*
(D)

()
126
111
239
199
17
(D)
110
14

1,739
36
41
527
148
185
158
144
181
125
135
29
30

(
3
3
5
5
(D)
1
()
*
3
1

39
42
604
173
201
(D)
173
185
134
147
32
33

(
37
32
559
161
200
359
180
(D)
()
*
133
29
31

46
41
601
178
215
387
185
(D>
()
*
138
35
35

1,000
139
271
71
72
265
181
835
1,905
781
144
636

1,089
146
303
84
82
285
189
945
2,035
830
171
659

1,125
143
290
92
84
312
205
1,011
2,211
888
194
694

1,293
157
340
100
104
366
225
1,110
2,401
943
201
743

538

590

145

(
156

215
423
383
95
288

(
226
450
416
106
311

(
25

2,011
80
40
86
(D)
26

2,783
51
145
113
670
86
1,719

3,036
53
149
117
712
94
1,912

3,378
62
157
121
771
95
2,173

3,707
66
163
134
821
100
2,422

4,235
3,317
230

4,568
3,558
242
768

5,146
4,042
255
849

4,355
1,879
501
1,976

4,682
2,039
499
2,145

5,061
2,204
472
2,384

5,402
2,313
467
2,622

7,375
410

8,025
455

8,602

9,465
530

16,058
819

17,315
970

18,271
1,032

19,807
1,102

3,114
-125

6,966
-3,913

7,570
-4,419

8,117
-4, 850

8,935
-5,447

15,239
2,444

16, 345
2,671

17,238
2,870

18, 705
3,179

2,750
566
440

2,989
628
476

3,053
636
815

3,150
767
940

3,267
862
1,135

3,488
948
1,226

17,683
2,327
2,123

19,016
2,611
2,539

20,109
2,855
3,153

21, 884
3,165
3,465

3,506

3,756

4,092

4,504

4,857

5,264

5,662

22,133

24,165

26,117

28,514

6,072
577

6,483
579

7,030
582

6,119
736

6,738
721

7,398
712

8,067
702

5,433
4,074

5,909
4,089

6,336
4,122

6,880
4,145

16

190
(D)
(D)
(D)
17

124
306
130
50
80

(
129
336
139
52
87

166
(

Derivation of personal income by place of residence

Per capita income (dollars)
Total population (thousands)
See footnotes o n page 18.




...

SUEVEY OF CUEEENT BUSINESS

August 1977

21

by Major Sources, 1973-76
of dollars]
Table 1 6 . — N e w Jersey
2
1973 * 1974 1 1975 2 1976

Table 18.—Pennsylvania

Table 17.—New York

Table 19.— Great Lakes

Table 20.—Illinois

Table 21.—Indiana
Line

1973 i 1974 1 1975 2 1976

2

1973 1 1974 1 1975 2 1976 2 19731

1974 1 1975 2 1976 2 1973 1 1974 1 1975 2 1976

2

19731

1974 1 1975 2 1976 2

30,750 33,167 34,393 37,480 82,122 87,152 90,569 96,013 46,215 50,333 53,334 58,135 173,609 185,051 192,701 213,792 50,857 55,098 58,772 63,516 21,546 22,505 23,379 26,300

39,428
3,015
3,772
383
3,389

42,921
3,483
3,928
359
3,569

44,908
4,017
4,410
284
4,126

48,621 146,531 157,432 161,674 180,877
4,653 11,745 13,082 15,086 17,125
4,860 15,333 14,536 15,940 15,791
312 4,715 3,913 5,082 3,796
4,548 10,618 10,623 10,858 11,995

43,029
3,053
4,775
1,643
3,132

47,081 48,990 54,485 17,540 18,815
3,486 4,372 4,216 1,478 1,653
4,530 5,410 4,815 2,529 2,036
1,410 2,176 1,270 1,161
597
3,120 3,233 3,546 1,368 1,439

19,138
1,816
2,426
990
1,436

1

21,611
2,201
2,488
904
1,585

2
3
4
5
6

475
536 5,289 4,597 5,852 4,658 1,779 1,561 2,364 1,501 1,254
718 1,125 1,059
435
538
407
531
500
471
129 129 102 115
30,620 33,038 34,291 37,364 81,623 86,681 90,162 95,578 45,684 49,794 52, 860 57,598 168,320 180,454 186,848 209,134 49,079 53,537 56,408 62,014 20,292 21,786 22,254 25,241

7
8

49, 696 145,638 156, 086160,039 180,435 42,259 46,211 48,193 53,387 17,819 19,152 19,372 22,099
125
360
393
385
525
107
113
109
222
36
39
38
43
123
348
382
376
514
104
109 (D)
35
38 (D)
(D)
(D)
2
12
11
9
11
3
4 (D)
1
1 (D)
(D)
(D)
1,074
931 1,218 1,421 1,542
331
427
508
531
91
122
142
168
908
417
517 (D)
195
226 (D)
52
61 (D)
(D)
(D)
(D)
D
D
D
122
268 (D)
42
97 (D)
3
20 (D)
(D)
(D)
(D)
(D)
102
116 ( )
()
1 ()
(D)
(D)
(D)
(D)
()
()
*
*
()
*
290
318
326
335
93
103
113
114
36
42
45
49
(D)
3,217 9,819 10,160 9,892 10,867 3,061 3,134 3,162 3,573 1,210 1,291 1,258 1,387

9
10
11
12
13
14
15
16
17
18

26,593 28,642 29,563 32,011
1,953 2,192 2,463 2,872
2,204 2,333 2,367 2,596
42
50
74
71
2,133 2, 259 2,325 2,546

72,288
4,601
5,233
344
4,888

76,678
5,060
5,414
292
5,121

79,412
5,772
5,385
217
5,168

83,544
6,592
5,877
251
5,626

25, 974 27,932 28,815 31,487 67,685 71,593 73,985 79,251 39,352 43,072
214
245
237
249
102
114
99 106
92 107
183
183
99
112
167
92
96
193
99
86
10
47
52
53
65
3
3
8
7
6
50
142
170
177
174
568
794
49
46
48
1
3
4
466
634
3
(D) (D) (D)
(D)
47
67
69
60
19
63
(D)
(D) (D
(D)
6
7
27
31
35
38
19
18
70
72
64
78
38
66
70
41
38
44
1,888 1,900 1,727 1,699 4,209 4,080 3,493 3,265 2,956 3,144

45,397
122
120
2
961
799
(D)
(D)
(D)
3,082

21,600 15,976 17,559 17,712 19,220 65,661
(D)
5,301 5,549 5,679 6,257 (D)
1,403 1,007 1,064 1,160 1,284 3,842
518
469
465
437
467 (D)
1,850
948
919
879
981
757
741
512
547
543
623 1,970
2,293
728
755
809
869 2,976
1,354
755
850
898
985 2,796
316
287
323
362
378
576
48
48
43
38
10
(D)
352
395
432
404
466 2,590
26*
151
146
143
165
314

69,262
(D)
4,164
(D)
756
2,105
3,132
3,149
668
10
2,700
319

68,146
17,629
4,539
195
718
2,087
3,227
3,298
689
10
2,585
281

78,522 15,936 17,389 17,302
19,929 (D)
(D)
(D)
4,943 1,445 1,546 1,663
D
217 (D)
(D)
()
883
234
235
211
2,480
443
485
493
3,598 1,304 1,373 1,398
3,700
812
912
959
795
276
329 D 334
11
4
5 ()
2,984
486
528
511
318
102
106
74

12,964
(D)
239
646
201 1,033
3,943 7,790
1,746 6,646
2,115 10,316
1,856 6,171
700 1,643
411 11,463
(D)
()
*
917 1,945
482
923
353
816

(D)
672
1,058
8,804
6,830
11,522
6,294
1,700
11,038
(D)
2,023
1,010
885

50,517
751
940
7,813
7,196
11,443
5,837
1,768
10,774
()
*
2,068
1,097
830

58,593
889
1,072
9,030
8,313
12,498
6,564
1, 971
13,746
()
*
2,340
1,249
921

(D)
121
286
1,538
1,758
3,003
2,107
326
363

4,365 11,774 12,565 12,902 14,351

4,051
779
1,129
39
646
838
619
3,630
5,032
2,805
673
2,132

18,858 8,916 9,412 9,099 10,637
(D)
1,784 1,916 (D)
(D)
1,773
402
430
466
514
D
6
6 (D)
()
(D)
244
81
86
81
95
593
162
173
169
202
1,610
286
309
322
358
1,090
404
452
463
496
406
96
103
98
96
1
1 (D)
(D)
(D)
567
330
338
325
387
83
17
17
16
18

19
20
21
22
23
24
25
26
27
28
29
30

7,495
(D)
118
180
233
187
1,858 1,733
703
736
1,004
975
1,460 1,378
502
(D)
1,106
992
48
()
*
283
286
80
94
101
104

(D)
222
219
2,040
841
1,089
1,661
(D)
1,253
()
*
333
111
115

31
32
33
34
35
36
37
38
39
40
41
42
43

4,993 1,373 1,483 1,523
897
253
269
268
1,302
464
503
481
7
8
9
(D)
82
89
90
(D)
1,103
289
353
318
805
297
322
278
4,860
990 1,159 1,314
6,240 2,077 2,223 2,288
4,424
845
903
955
1,476
210
242
267
2,948
635
661
687

1,716
294
561
11
97
395
358
1,455
2,571
1,062
293
769

44
45
46
47
48
49
50
51
52
53
54
55

5,048 5,584 6,014 6,564 16,313 17,720 19,347 20,704 6,882 7,599 8,647 9,663 22,434 24,735 27,208 29,841 7,306 8,149 8,998 9,686 2,281 2,519 2,756 3,060
125 126 120 123
486
505
481
485
250
250
241
275
648
698
679
727
243
265
249
252
70
78
79
89
263 271 282 283
671
673
637
662
394
409
433
453 1,431 1,491 1,482 1,556
430
449
425
443
176
186
186
194
156 162 168 186
594
615
639
706
243
251
261
288
671
694
721
797
190
197
205
226
90
93
97
107
1,274 1,412 1,474 1,616 3,516 3,749 3,992 4,284 1,138 1,244 1,370 1,501 3,955 4,350 4,664 5,195 1,471 1,613 1,810 1,961
327
370
397
439
(D)
135 147 163 175
790
813
841
907
200
208
243
265
772
805
(D)
258
265
276
277
59
62
66
73
(D)
(D) 4,714 5,359 6,034 6,526 1,558 1,729 1,930 2,157
3,095 3,466 3,807 4,181 10,256 11,365 12,758 13, 659 4,656 5,237 6,099 6,882 14,957 16,697

56
57
58
59
60
61
62

4,647 5,106 5,476 5,877 13,937 15,088 16,177 16,327 6,332 6,723 7,462 7,902 22, 682 24,367 26,810 28,699 6,820 7,326 8,215 8,627 2,473 2,635 2,882 3,142
879 1,025 1,095 1,226 2,104 2,276 2,462 2,494 1,586 1,677 1,862 1,992 3,972 4,321 4,657 4,950 1,288 1,404 1,511 1,513
494
539
580
619
360 322 304 322
376
381
372
390
196
203
219
220
970 1,034 1,064 1,111
382
414
435
478
114
125
119
114
3,408 3,758 4,077 4,329 11,457 12,431 13,342 13,443 4,551 4,843 5,382 5,690 17,740 19,012 21,088 22,639 5,150 5,507 6,269 6,637 1,866 1,971 2,183 2,409

63
64
65
66

30,750 33,167 34,393 37,480 82,122 87,152 90,569 96,013 46,215 50,333 53,334 58,135 173,609 185,051 192,701 213,792 50,857 55,098 58,772 63,516 21,546 22,505 23,379 26,300
1,643 1,802 1,905 2,031 4,075 4,515 4,630 4,876 2,447 2,654 2,801 2,997 8,327 9,499 9,744 10,865 2,440 2,828 2,932 3,262
970 1,146 1,174 1,306

67
68

29,107 31,365 32,488 35,449 78,047 82, 637 85,939 91,138 43,768 47, 679 50,533 55,137 165,281 175,552 182,256 202,928 48, 418 52,270 55,840 60,254 20,576 21,358 22,205 24,994
3,741 3,871 4,030 4,296 -4,178 -4,325 -4,495 -4,770 -390 -403 -419 -452
392
442
584
221
234
240
306
28
36
55
46
495

69
70

32,848 35,236 36,518 39,745 73,869 78, 313 81,443 86,367 43,377 47,276 50,114 54,685 165, 673 175,994 183,451 203,511 48,639 52,504 56,080 60,560 20,604 21,394 22,260 25,040
5,278 5,971 6,585 7,343 14,998 17,283 18, 672 20,771 6,974 7,904 8,584 9,523 25,698 29,481 31,967 35,491 8,397 9,682 10, 660 11,837 2,948 3,465 3,767 4,164
4,280 5,027 6,488 7,064 12,601 14,581 18,132 19,787 7,605 8,783 10,944 12,176 21,364 25, 308 32,067 34,707 6,282 7,161 9,058 10,106 2,424 2,858 3,575 3,786

71
72
73

42,406 46,234 49,591 54,152 101,468 110,177 118,248 126,925 57,956 63,962 69, 642 76,385 212,735 230,783 247,484 273,709 63,317 69,347 75,798 82,503 25,977 27,717 29,602 32,990

74

9,709 10,400 10,441 11,363
4,694 5,138 (D) (D)
679 714 747 814
309 303 288 296
475 461 461 513
447 507 469 506
493 540 567 615
1,673 1,967 2,019 2,237
166 213 242 265
3 (D) (D)
3
379 360 368 434
70
70
77
73

18,936
8,157
1,248
565
1,792
602
2,026
1,094
227
45
301
259

19,954
8,387
1,282
553
1,729
641
2,104
1,205
273
45
301
253

19,823
(D)
1,327
502
1,691
640
2,148
1,226
285
(D)
295
240

5,014 5,262
(D) (D)
50
50 (D) (D)
100 102 (D) (D)
433 475 417 418
797 858 874 955
922 1,011 1,056 1,117
1,250 1,323 1,266 1,329
118 115
98
98
229 207 216 272
10
7
()
*
()
*
459 489 481 518
425 386 425 474
221 239 224 258

10,779
147
275
1,018
953
2,215
1,936
639
633
47
570
1,656
692

11,566
150
286
1,136
992
2,461
2,012
740
609
43
587
1,846
705

(D)
(D)
245
994
1,033
2,468
2,017
739
571
()
*
561
1,975
672

(D)
(D)
253
1,114
1,127
2,655
2,178
764
744
()
*
605
2,118
741

10,675
148
247
3,279
1,247
1,623
1,715
597
339
70
758
377
275

12,010
156
251
3,914
1,431
1,848
1,804
652
361
62
816
429
285

12,033
197
188
3,672
1,577
2,032
1,715
682
369
()
*
824
452
324

2,786 3,138 6,953
146 160
450
887
1,010
226 247
531
(D)
(D) 1,822
(D)
(D) 2,220
421 461
919
2,465 2,747 6,319
3,590 3,941 7,472
1,647 1,879 7,127
414 500 2,102
1,234 1,379 5,025

7,281
471
1,018
556
1,926
2,339
972
£,853
7,728
7,562
2,428
5,134

7,619
457
964
557
2,003
2,595
1,044
7,141
7,884
8,264
2,712
5,552

8,247
501
1,014
586
2,175
2,813
1,157
7,586
8,446
8,980
2,915
6,065

3,534
636
1,011
123
294
735
735
2,577
4,648
2,109
587
1,522

3,810
700
1,088
142
317
789
775
2,898
4,917
2,236
670
1,565

3,935
699
1,043
146
334
878
835
3,164
5,310
2,465
743
1,722

2,514
142
858
213
329
577
395
2,020
3,205
1,449
334
1,116

2,693
149
920
227
364
624
409
2,263
3,384
1,551
382
1,169

766 1,968
3,743
159
150
356 1,154
998 2,622
920 2,136
3,432 10,070
5,885 17,054
2,715 7,535
800 1,832
1,915 5,703
1,165

2,023
3,964
153
1,240
2,896
2,290
11,506
18,251
7,997
2,092
5,905

2,009
3,725
160
1,313
3,227
2,468
12,546
18,906
8,632
2,348
6,284

2,201
4,262
180
1,448
3,498
2,763
13,450
21,074
10,264
3,061
7,203

(D)

449
458
352

(D)
122
261
1,582
1,894
3,571
1,992
(D)
357
(D)
()
*
463
498
508
(D)
382
369

(D)
118
286
1,772
1,863
3,480
2,166
387
368

4,406
828
1,208
39
709
963
659
4,153
5,406
3,035
776
2,259

4,553
819
1,152
D
(D)
()
1,067
710
4,580
5,583
3,396
895
2,502

(D)
139
290
1,673
2,071
3,756
2,128
(D)
384
()
*
549
(D)
407

5,790 6,314 6,763 7,381 5,571 6,087 6,542 7,019 4,890 5,402 5,872 6,439 5,209 5,642 6,044 6,687 5,665 6,214 6,769 7,347
7,324 7,322 7,333 7,336 18,213 18,101 18,076 18,084 11,853 11,841 11,860 11,862 40,837 40,901 40,946 40,934 11,177 11,160 11,198 11,229




7,132
121
232
1,626
672
892
1,521
517
1,068
53
272
67
90

4,901
5,301

5,216
5,313

5,572
5,313

6,222
5,302

75
76

SURVEY OF CURRENT BUSINESS

22

August 1977
Tables 22-30.—Personal Income
[Millions

Table 22.—Michigan

Line

Table 23.—Ohio

Item
1973 1

1974 1

1975 2

1976

40,225

41,724

42,219

48,399

34,184
3,244
2,797
469
2,327

35,512
3,465
2,747
535
2,212

41,055

Table 24.—Wisconsin

19731

1974 1

1975 2

1976 2

1973 1

1974 1

1975 2

1976

43,882

47,266

48,732

54,076 17,098

18,458

19,599

21,501

35,803
3,821
2,594
457
2,137

40,964 37,799 40,677
4,721
2,907 3,270
3,318
2,715 3,176
690
339
590
2,375
2,586 2,628

41,584
3,667
3,481
734
2,747

46,040 13,979
4,330 1,063
3,706 2,056
662
851
3,044 1,205

15,347
1,207
1,905
681
1,224

16,160
1,409
20,030
725
1,305

17,776
1,658
2,067
621
1,446

580
41,638

472
713
47,927 43,170 46,438

864
909
47,823 53,213

820
17,638

874
18,725

762
20,739

41,046 37,614 40,501 41,408 46,264 13,714 15,061 15,873
102
106
46
92
98
93
52
55
D
101
104
44
97
90
50
54
(D)
3
2
1
2
3
2
2
()
33
418
488
40
250
306
41
554
()
*
229 I
304
1
169
C)
()
*
349
D
()
*
103
55
(D)
2
()
(
4
9
5
8
()
()
()
()
30
77
33
62
73
75
78
34
2,057 2,450 2,566
1,047
2,562
2,738
1,030
20,593 17,474 18,647 18,269 20,747 6,047
6,855
5,552 1,940 2,124
4,942
(D)
3,272 4,543 4,846
861
925
709
1,026
756
796
626
803
65
54
76
71
54
50
47
93
146
49
163
147
47
49
324
135
496
596
584
525
556
608
382
492
782
305
749
845
322
279
435
712
975
137
909
1,101
141
127
860
807
196
7
172
226
5
7
59
151
3
3
3
4
()
*
(D)
()
*
()
*
1,346
1,303
1,476
371 1,297
159
160
142
58
52
59
106
39
58
107
104

17,640
61
59
2
39
(D)
*
()
()
32
1,112
7,687
(D)
875
55
57
719
350
153
7
(D)
184
119

Income by place of work
Total labor and proprietors income 3 *_
By type

Wage and salary disbursements
Other labor income4
._
Proprietors income
Farm
_
Nonfarm*
_
By industry

Farm
Nonfarm.
Private..
Agricultural services, forestry,fisheries,and other 5
Agricultural services
Forestry,fisheries,and other s
Mining
Coalmining
Oil and gas extraction
Metal mining
Nonmetallic minerals, except fuels
Construction

585

958
16,140

34,233
79
76
3
169
(*)
22
90
57
2,100

35,162
87
85
3
211
1
46
102
62
2,121

35,193
85

17,289
2,633
574
22
260
317
395
647
47
(*)
337
34

17,144
2,753
617
20
239
326
396
739
57
(*)
328
31

16,620
2,811
682
37
231
321
404
761
55
(*)
288
33

Durable goods
Lumber and wood products
Furniture and fixtures
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electric and electronic epuipment
Transportation epuipment except motor vehiclesMotor vehicles and epuipment
Ordnance
Stone, clay, aud glass products
Instruments and related products
Miscellaneous manufacturing industries

14,656
128
246
1,605
1,762
2,224
550
120
7,465
43
300
103
109

14,391
138
260
1,737
1,660
2,375
565
98
6,967
47
307
119
117

13,810
134
233
1,464
1,724
2,187
518
165
6,860
(*)
299
127

Transportation and public utilities
Railroad transportation
Trucking and warehousing
Water transportation
Other transportation
C ommuni cation
Electric, gas, and sanitary services
Wholesale trade
Retail trade
Finance, insurance, and real estate..
Banking
Otherfinance,insurance, and real estate
Services
Hotels and other lodging places
Personal services
Private households
Business and repair services
Amusement and recreation including motion pictures..
Professional, social, and related services
Government and government enterprises
Federal, civilian
Federal, military
State and local

2,186
261
684
19
158
559
506
2,154
3,797
1,402
377
1,025

2,272
259
693
19
168
601
531
2,411
3,971
1,467
431
1,037

2,339
256
632
(
()
682
576
2,431
4,132
1,550
473
1,077

2 632
280
741
(D)
(D)
748
647
2,529
4,593
1,725
515
1,210

3,104
521
1,103
72
186
696
526
2,418
4,319
1,772
396
1,376

3,265
505
1,166
77
186
754
577
2,770
4,671
1,825
447
1,378

5,057
112
317
143
871
169
3,445

5,477
112
322
147
940
177
3,779

5,914
117
320
153
970

6,574
139
341
169
1,139
(D)
(D)

5,681
159
369
186
988
216
3,762

6,237
175

5,406
672
193
4,542

5,893
734
198
4,961

6,446
795
196
5,455

6,881
872
207
5,801

5,556
1,228
231
4,097

5,937
1,327
246
4,364

40,225
1,929

41,724
2,072

42,219
2,092

48,399
2,424

43,882
2,116

47, 266
2,458

38, 296
206

39,652
215

40,127
235

45,975 41,766
262 -314

44,808
-315

48,732 54, 076 17,098 18,458
995
2,495 2,733
872
46,237 51,343 16, 226 17,463
-342
273
-318
251

38,502
5,175
4,780

39,867
5,861
5,945

40,362
6,350
7,752

46,237
7,083
8,165

41,452
6,443
5,552

44, 493
7,284
6,622

45,919 51,001 16,477
7,739 8,559 2,734
8,322 8,980 2,324

48,457

51, 674

54,463

61,485

53,448

58,399

61, 981 68,541

5,339
9,075

5,668
9,117

5,978
9,111

6,754
9,104

4,974
10,745

5,435
10,745

5,774
10,735

6,412
10,690

M anufact uring
Nondurable goods
Food and kindred products
Textile mill products
Apparel and other textile products
Paper .and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products, x
Tobacco manufactures
Rubber and miscellaneous plastics products.
Leather and leather products

Derivation of personal income by place of residence
Total labor and proprietors income by place of work
Less: Personal contributions for social insurance by place of work_
Net labor and proprietors income by place of work
Plus: Residence adjustment
Net labor and proprietors income by place of residence_.
Plus: Dividends, interest, and rent 7
Plus: Transfer payments
Personal income by place of residence
Per capita income (dollars)...
Total population (thousands) _
See footnotes on p. 18.




)
242
1
()
59
1,879

17,321 12,930 13,801
126
154
121
188
273
182
1,836 2,617 2,954
2,016
2,144
1,940
2,465 2,824 3,098
1,463
593 1,399
621
201
585
9,056 2,010 2,016
61
)
60
862
343
822
205
142
196
191
113
176

1,089
227
4,168

13, 327 15,195
132
155
174
191
2,652 3,072
2,142 2,473
3,062 3,367
1,375 1,545
597
643
1,030 2,311
()
*
()
*
877
994
225
263
163
180
3,312 3,704
504
552
1,081 1,233
(D)
(D)
()
()
837
932
620
683
3,029
3,305
4,900
5,439
1,892
2,109
498
542
1,394
1,567
7,562
6,857
173
160
397
414
200
221
1,121
1,239
256
269
4,724
5,246
6,949
1,549
255
5,145

2,427
291
51
2,084

6,415
1,424
263
4,728

4,106
155
88
404
514
1,373
593
96
558
36
103

4,545
172
91
483
588
1,565
639
92
580
35
109
97
95

1,060
154
363
12
82
239
208
878
1,830
711
175
536

1,139
162
394
10
87
259
226
1,014
1,980
767
196
570

2,110
64
139
62
298
70
1,478

2,353
69
148
64
338
74
1,661
2,577
317
51
2,209

()
183
84
382
700
1,647
573
(D)
635
109
(D)
96
1,175
162
379
12
95
288
239
1,192
2,003
839
216
624

()
219
98
409
784
1,822
637
(D)
741
()
*
122
(D)
106
1,307
177
424
12
105
319
269
1,302
2,231
944
235
709

2,683
75
155
66
365
81
1,940

2,958
74
163
73
416
86
2,146

2,852
348
51
2,453

3,099
397
56
2,647

19,599
1,052

21,501
1,139
20,362
311

17,736
3,189
2,722

18,547
282
18,829
3,451
3,360

21,536

23,646

25,640

28,190

4,745
4,539

5,179
4,566

C)

20,673
3,847
3,670

5.588 ! 6,117
4.589 i 4,609

SUEVEY OF CUEEENT BUSINESS

August 1977

23

by Major Sources, 1973-76
of dollars]
Table 28.—Minnesota

Table 27.—Kansas

Table 26.—Iowa

Table 25.—Plains

Table 29.—Missouri

Table 30.—Nebraska
Line

1973 1

2
19741 19742 1976 2 1973 1 1974 1 1975 2 1976 2 1973 1 1974 1 1975 2 1976

67,28 68,28 72,48 77,524 11,561

47,745 52,64 56,40
3,34 3,825 4,568
16,200 11,815 11,510
10,940 6,435 6,020
5,260 5,380 5,490

11,469 12,429 13,106

8,656

8,975

9,581 10,532 16,354 16,934 17,659 19,005 18,659 19,424 20,454 22,426

6,183

6,100

6,959

7,153

1

8,992 10,162

6,061

6,762

7,427

8,302 12,173 13,364 14,382 15,858 15,111 16,280 17,100 18,945
733
8?0
996 1,202 1,418 1,092 1,210 1,397 1,673
1,498 3,310 2,574 2,074 1,729 2,457 1,934 1,957 1,808
488 2,226 1,520 1,063
609 1,068
538
600
308
1,010 1,085 1,053 1,011 1,120 1,389 1,395 1,357 1,500

4,172

4,657

4,978

5,567

2
3
4
5
6

62,766
5,448
9,310
3,251
6,059

522

612

735

879

426

502

613

3,619
2,600
1,019

2,456
1,396
1,059

2,702
1,601
1,101

2,065

1,711

1,541

851

2,170
1,373

1,214

797

862
849

623
918

11,569 7,158 6,796 4,139
55,717 61,123 65,687 73,385

2,742
8,819

1,554 1,777 1,077
9,915 10,652 12,030

1,463
7,194

966

739

8,009

8,842

45,902 50,542 53,906 60,693
206 221
219 (D)
(D)
(D)
202 217
D
1
j
(D)
()

7,436

8,422

5,732

6,438

46
45

49
49
1
55
17

36
36
()
*
80
(D)
61

32
31
()
*
175
(D)
155

469 646 715 802
57 (D) (D)
36
188 216
75 (D)
D
(D) (D)
( )
()
(D)
(D) ( )
( )
3,786

D

()

4,318 4,919

13,941 15,322 15,745 17,829
5,519 (D) 6,353 7,129
2,462 2,614 2,900
(D)
56
58
53 (D)
D
345 (D) (D)
()
(D)
(D)
( )
(D)
949 1,027 1,105 1,235

605 692 733 835
104 123 127 158
(D)
()
*
()
*
()
*
383 416 433 493
196 202 189 217
8,422 (D)

9,392 10,700

259 277 311 379
203 179 208
()
434 526 491 541
958 1,100 1,322 1,440
D

2,316 2,656 2,851 3,168
1,231 1,354 1,139 1,319
1,025 (D) 1,142 1,266
834 814 789 1,025
(D)
()
*
(D)
()
*
512 591
448 (D)

317
230

356
262

411
244

483
280

7,420

]

36
(E>)

8,401

1
(E>)

30
583

()
*
36
696

8,940 10,130

41
(D)
(E>)

50
(D)
(D)
(D)

44
(D)
D
()
49
(D)
(D)
(E>)

D

()
( )

9
(D)
41
129
78

39
733

37
851

12
479

15
542

3,006
1,087

3,044

3,403

1,633
601

1,833

642

2,612

(D)
121
6

657
(D)
25
40
152
91
3
()
*
124
(D)

665
244
()
*
29
36
134

1,919

(D)

(E))

24
45
141
97

j
()
*

112
1
(D)

52
(D)
' 115

159
742
255
44
53
35

74
23
49
701
139
243

740

(P)
29
45
175
106
3
()
*
128
(D)
(D)

1,136

1,433

514
145
369

567
161
406

645
177
468

(D) 0,170 11,405
314
318
365

1,236
41

8,283
288

555
310

585
320

608

644
368

333
1,306 1,423 1,654 1,868

(D)
(D)

278 305 337
(D) 6,953 7,823

9,815 0,581 1,781
2,077 2,296 2,548
981 1,024 1,026
6,758 7,260 8,207

2,692
2,651
l,07C
8,971

572

537
590

977
623

446
686

634
692
408
617 2,341 1,660 1,239
797 1,159
9,915 14,012 15,274 16,420 18,209 17,499 18,789 19,761 22, 018

1,271
4,911

5,445

5,869

6,573

7,113

8,044 11,711 12,822 13,656 15,262 14,732 15, 778 16,461 18,497

3,933

4,379

4,690

5,287

28
28
()
*
172
(D)
146

30
30
()
*
194

23
23
()
*
15
()
*
3
()
*
12
396

25
25
()
*
28
1
13
()
*
14
431

24
25
22
24
2
1
26
28
1
1
12
13
()
*
()
*
13
15
439
508

883
414
264
4
10
15
58
27
2
()
*
34
1

981
471
306
6
11
17
61
29
3
()
*
37
1

583

()
682

46
51
47
51
48
51
44
49
46
50
47
50
2
1
1
1
1
1
188
202
254
293
106
127
(D)
(D)
20
1
26
()
*
(E))
2
2 (E))
5
()
*
170
181
230
262
43
47
17
18
23
25
42
49
973 1,034 1,058 1,194 1,085 1,102

2,017

2,247

3,688

4,045

4,168

4,692

814 1,526 1,663
300
536
582
25
25
()
*
32
61
62
42
444
485
163
267
288
123
76
85
74
24
29
()
*
()
*
()
*
78
85
73
2
20
23

(D)
612

1,433
(D)

(D)

(D)
(D)

1,033

1,168

1,287

39

92

18 (D)
18
19
41
46
154
122
262
258
73
62
472
410
94
77
10 ( )
*
92
95
28 (D)
18
22

756
245
205
1
44
(D)
(D)
540

819
245
216
1
58
160
140
717

(D)

164

(D)
D

20
38
171
282
88
478
146
()
*
112
22

2,162

2,383

92
42
82
259
827

97
42
97
301
905
366
59
80
58
98
199
81

313
64
73

70
92
175
74

1,365
44

1,518
39

1,751
46

1,041
24

104
58
220

110
64
255

(D)
(D)

(D)
(D)

78
46
159
28
707

1,383
218
31
1,133

1,711
262
33
1,417

1,900

1,462

284
34

1,142
28
83
48

174
27
782

1,295
29
89

(D)

56
517
319
87
(D)
()
*

94
24
(D)

110
33

49
48
()
*
141
(D)
(D)
(D)

53
53
1
151

52

(D)
52

1,148

1,264

5,117

5,119

5,890

1,855 1,987
(D)
685
531
564
(D)
14
14
60
214
213
570
137
146
358
343
374
96
339
385
(D)
18
21
()
*
()
*
()
*
116
91
99
25
168
170

(D)
605

4,837

2,982

3,130

74
70
188

79
71
229
371

135
38
90
483

338

82

409
477
512
593
37
143
68
73

81
448
927 1,022
245
303
55
50
88
102
()
*
()
*
108
122
73

(D)

498
559
35
157
73
78

659

(D)

(D)

205
151
391
419
20
()
*
98

236
175
429
476
33
()
*
118

(D)
(D)

(D)
(D)

67
230
400
429
506
528
518
()
*
162
78

77

254
430
512
571
629
661

C)

179
88

918 1,216 1,313 1,367 1,537 1,740 1,853 1,950 2,199
268
257
261
261
286
274
277
273
299
332
331
57.3
247
306
373
495
523
498
33
1
35
35
35
32
38
42
48
235
66
212
247
325
361
417
447
291
180
211
232
270
305
343
372
423
491
342
156
196
219
223
271
281
297
248
806 1,093 1,291 1,529 1,655 1,297 1,478 1,571 1,720

121
119
449
959 1,031 1,046 1,192 1,655 1,791
358
436
386
504
756
798
102
133
119
149
187
211
256
302
268
355
569
587

90
97
54
56
178
194
D
(D)
(D)
()
(D)
1,493
235
32
1,226

454
1,131

58
()
*
70
2

696
233
183
1

1,298

382
1,599

70
2

814
899
157
172
258
289
1 (D)
(D)
35 (D)
(D)
167
192
211
150
169
184
660
936 1,055

1,195
481
128
352

1
32

316
1,127

C)

212
1
27
33
125
82
48

16
19
37
109
202
56
361
88
10
91
24
18

779
158
268

270
1,740
1,169

730
266
()
*
30
36
145
109
64
()
*
78
2

57
58
70
45
40
48
134
118
134
199
224
244
885 1,037 1,113
294
184
211
36
47
54
66
48
65
30 ( )
*
()
*
82
96
116
D
D
26 ( )
()
64
59
70

5,164 5,609 5,913 6,625
1,141 1,208 1,203 1,318
1,452 1,579 1,554 1,765
69 (D) (D) (D)
649 (p) (D) (D)
1,021 1,127 1,301 1,477
833 (D)
967 1,082
3,992 4,689 5,718 6,314
7,025 7,612 7,591 8,618
3,023 3,210 3,530 3,961
986 1,087
782 (D)
2,544 2,874
2,241 (D)

150
137
546

2
1973 1 1974 1 1975 2 1976 2 1973 1 1974 1 1975 2 1976 2 1973 1 1974 1 1975 2 1976

1,471
33

95

55
50
229
199
31
28
901 1,028

78
125
59
340
68

2,034

2,025

884
234
650

990
257
732

952
230
722

2,298
88

2,539
89

131

2,810
106
139

2,641
89

131
61
359
75

418
(D)
(D)
2,764

59

449
60

1,999

2,254

1,426

1,583

2,301
361
59
1,881

2,452
393

470
D

177
101
447
102

2,182

2,214

2,487

992 1,060 1,165
257
284
311
730
775
854
2,878
94
182

105
489
105

36
19

12
28
23
12

572
200
155
()
*

123
43
332

691
322
78
244

140
48
392
752
348
89
259

29

3,209

3,569

762

849

105
186
109
584
118

117
197
120
651
131

28
51

30
56
28

()

1,725

1,902

2,108

2,353

2,947

2,767

3,011

3,300

452

799
256
1,713

888
273

961
275

3,521
1,002

63
2,433

1,850

2,064

27
126
22
509

999 1,141
(D)
337
361

(D)
(D)

11
16
66
24
3
()
*
35

509 (D)
12 (D)
24
19
19
21
91
80
113
126
119
109
37
22
23
30
4 (•)
31
31
D
25 ( )
12
11

508
176
140
()
*
25

142
22
572

580

600
200
154
(D)
(D)
162
53
539

725
387
99
287

(E>)

13
19

74
29

3
()
*
48
(D)
(D)
(D)

22
24
91
156
126
25
37
()
*
36
D
()
12
667
219
174
(D)
(D)

183
60
607
821
432
109
323

952 1,059
33
30
61
58
155

i9
7

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
39

40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59

60

25
()

01
62

979 1,066 1,179 1,286
192
220
235
245
142
147
150
162
644
699
793
878

64
65
66

23
()
D

D

63

287
287
888

1,571
316
301
954

1,728
342

67,286 8,281 2,483 7,524 11,561 11,469 12,429 13,106
3,096 3,646 3,925 4,278
517
594
637
696

8,656

8,975

6,100

6,959

7,153

507

9,581 10,532 16,354 16,934 17,659 19,005 18,659 19,424 20,454 22,426
554
608
796
926
994 1,079
864 1,018 1,073 1,168

6,183

415

287

338

372

406

67
68

64,190 4,635 8,558 3,246 11,045 10,875 11,791 12,411
-531 - 5 6 3 - 5 8 3 -666
93
100
119
124

8,241

8,467

557

588

9,925 15,558 16,007 16,665 17,927 17,795 18,406 19,380 21,258
683 -31
-30
-26
-28 -995 -1,049 -1,094 -1,223

5,895
-101

5,762
-112

6,586
-127

6,747
-143

69
70

63,659 4,072 7,975 2,58f 11,137 10,975 11,910 12,535
] 1,398 3,504 4,913 6,475 2,188 2,566 2,836 3,126
8,725 0,198 2,354 3,54G 1,462 1,682 2,037 2,262

8,798
1,674
1,189

9,056
2,023
1,380

9,643 10,608 15,526 15,978 16,639 17,899 16,801 17,357 18,286 20,036
2,288 2,500 2,326 2,790 3,106 3,468 2,958 3,482 3,876 4,303
1,655 1,837 2,038 2,400 2,851 3,148 2,624 3,102 3,861 4,156

5,794
1,294

5,650
1,472

6,459
1,536

879 1,060

6,604
1,687
1,159

71
72
73

83, 781 7,774 5,243 02,60( 14,787 15,224 10, 783 17,923 11,661 12,458 13,587 14,945 19,890 21,168 22,597 24,515 22,383 23,940 26,023 28,494

7,851

8,001

9,061

9,450

74

5,039 5,270 5,700 6,105
16,627 16,658 16, 691 16,805

5,124
1,532

5,193
1,541

5,870
1,544

6,086
1,553

75
76




5,168
2,861

5,329
2,856

5,867
2,861

1,582

6,245
2,870

5,143
2,267

5,498
2,266

1,871

2,096

1,810

470
12
26
11
78
97
116

656 1,089

295

375
294

1,092

1,202

9,027
616

5,959
2,280

6,469
2,310

5,116
3,888

5,421
3,905

5,762
3,921

6,183
3,965

4,698
4,765

5,017
4,772

5,459
4,767

292
2,227

5,963
4,778

763

SURVEY OF CURRENT BUSINESS

24

August 1977
Tables 31-39.—Personal Income
[Millions

Table 31.—North Dakota

Item

Line

1973 i

19741

1975 2

!

Table 32.—South Dakota

1976 2

1973!

Table 33.—Southeast
2

19741

19752

19752

2,431

2,496

2,499 156,650 170,816 178,939 199,808

1973 1

1974 1

1975 2

1976

Income by place of work
Total labor and proprietors income

34

3,188

2,948

2,907

2,802

1,435
75
1,679
1,496
183

1,625
90
1,233
1,028
205

1,851
117
940
714
226

2,064
141
597
348
249

1,374
86
1,225
1,008
217

1,551
100
780
553
227

1,675
123
697
442
254

1,867 129,435 142,992 150,221 167,219
8,910 10,348 11,990 14,321
149
483 18,305 17,476 16,728 18,269
5,765
6,260
4,838
202
5,007
280 12,045 11,711 11,890 13,262

1,542
1,646

1,084
1,863

2,140

414
2,388

1,050
1,635

604
1,827

492
2,003

7,394
7,070
6,102
246
6,350
2,253 149,256 163,746 172, 837 193,458

1,163
8

1,352
(D)

1,559
8

1,782
9

1,195
12
12
(*)
28
(*)
(*)
20
8
127

1,350
13
13
(*)
31

1,486
9

1,691 119,834 131,149 136,701 154,433
630
657
9
707
661
503
523
552
521
127
154
134
140
)
2,522
41
4,897
3,596
4,326
1,390
3,014
2,047
2,633
717
(D)
(D)
(D)
34
38
D
381
( )
()
)
()
173 12, 005 12,720 11,808 12, 678

178
(D)
77
(*)
6
()
13
1
2
(*)
3
1

202
(D)
88
(*)
6
(D)
15
2
3
(*)
3
1

By type

Wage and salary disbursements.
O ther labor income
Proprietors income 4
Farm
Nonfarm 4
By industry

10
11
12
13
14
15
16
17
18

Farm
Nonfarm
Private
Agricultural services, forestry,fisheries,and other 5
Agricultural services
Forestry,fisheries,and other 5
_
Mining
Coalmining.
Oil and gas extraction
Metal mining
Nonmetallic minerals, except fuels
Construction

19
20
21
22
23
24
25
26
27
28
29
30

Manufacturing
Nondurable goods
Food and kindred products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Tobacco manufactures
Rubber and miscellaneous plastics products
Leather and leather products

31
32
33
34
35
36
37
38
39
40
41
42
43

Durable goods
_
Lumber and wood products
Furniture and fixtures
Primary metal industries
Fabricated metal products
Machinery, except electrical
._.
Electric and electronic equipment
Transportation equipment except motor vehicles.
Motor vehicles and equipment
Ordnance.
Stone, clay, and glass products.
Instruments and related products
Miscellaneous manufacturing industries

44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61

)
207

)
143
109
54
32
()
14
1
6

_,

Transportation and public utilities.
Railroad transportation
Trucking and warehousing
Water transportation
O ther transportation
Communication
Electric, gas, and sanitary services
Wholesale trade
Retail trade
Finance, insurance, and real estate
Banking
Otherfinance,insurance, and real estate. _
Services
Hotels and other lodging places
Personal services
Private households
Business and repair services
Amusement and recreation including motion pictures
Professional, social, and related services
Government and government enterprises
Federal, civilian
Federal, military
State and local

(*)
(*)
(*)

137
62
37
(D)
1
1
15
1
6
(D)
(*)

C)

76
2
1

(*)
(*)

(*)
(*)
161
45
34
(*)
8
39
35
160
244
75
26
50

5

()
(*)
179
47
37
)
42
190
274
84
)

)

199
78
46

184
71
44

()
(*)
(*)
(*)

()
•
()
*

113
2
2
(*)
6
51
10
22
3

(*)

247

12

(*)
194
47
39
(*)
9
52
47
231
278
97
35
63

122
3
2
(*)

()
*
()
*

()
21
9
147

()

36
(D)
(D)
(D)
(D)
149
214
(D)
94
(D)
(D)
(D)
17
(D)
3
(*)
3

257
(D)
108
(D)
D
( )
(D)
18
(D)
3
(*)
4

()
1
1
1

11

(*)
(*)

9

(*)

13
12
5
6
(D)
11
4

10
16
14
5
7
(D)
12
6

141
17
52
(*)
9
33
31
115
256
79
31
49

158
20
59
(*)
10
37
33
140
283
87
35
52

()
(*)
(*)
10
19
12

()
*
14
25
12

()
*
11

10
()
*
12

2
218
52
44
(*)

11
59
53
260
326
111
39

3

169
19
60

188
21
66

()

()

43
37
193
281
100
40
00

49
40
212
325
113
45
68

37,464
19,822
2,981
5,233
2,564
1,887
1,353
3,424
(D)
683
1,015
(D)

40,628
21,503
3,267
5,403
2,690
2,053
1,470
3,964
(D)

17, 642
1,851
1,530
2,017
1,995
2,183
2,747
(D)
763
(D)
1,513
361
433

19,125
1,921
1,551
2,418
2,183
2,577
2,980
(D)
782
227
(D)
434
466

40,703 47,516
22,081 25,753
3,571
4,001
(D)
(D)
2,710
3,255
2,159
2,546
1,554
1,748
4,163
4,721
405
463
(D)
(D)
1,191
1,439
367
430
18, 622 21,763
1,910
2,304
1,345
1,628
2,301
2,680
2,674
2,355
2, 590 2,991
3,316
2,806
2,328
2,103
1,028
738
()
*
()
•
1,780
1,570
531
466
502
439

11, 621
1,686
2,857
556
1,778
2,894
1,851
9,156
16,967
7,457
1,754
5,703

12, 695
1,817
3,062
659
1,935
3,208
2,015
10, 592
18, 224
7,931
2,041
5,890

13,416
1,808
3,009
709
2,050
)
(
11, 661
19,164
8,234
2,252
5,981

()
375

15,097
1,981
3,432
801
2,251
D
)
(
12, 908
21, 798
9,200
2,441
6, 759

322
14
19
11
38
5
236

247
17
16
10
28
5
172

366
16
21
12
42
5
271

259
10
17
13
29
8
181

289
11
19
13
33
8
205

334
12
21
14
39
D
)

374
14
22
15
42

22,013
1,123
1,426
1,637
3,726
(D)

24,106
1,169
1,468
1,694
4,140

26, 727 29,632
1,263
1,424
1,515
1,623
1,760
1,944
4,529
5,136
868
960
16, 793 18, 545

562
158
77
327

29,421
7,553
5,545
16, 323

32,597
8,316
6,029
18, 252

36,137 39,025
9,261 10,198
6,212
6,350
20, 664 22,478

484
104
135
244

511
116
139
256

581
154
140
287

606
136
148
322

440
116
69
254

477
129
73
276

517
144
73
300

T o t a l labor and proprietors income b y place of w o r k .
Less: Personal contributions for social insurance b y place of work

3,188
110

134

2,907
153

2,802
165

2,685
108

2,431
128

2,496
142

2,499 156,650 170, 816 178,939 199,808
9,463 10,454
9,003
7,959
157

N e t labor and proprietors income b y place of work
Plus: Residence adjustment

3,079
-57

2,813
-65

2,754
-76

2 ,637

2,577
4

2,304
5

2,353
6

2,342 148,691 161,813 169,477 189, 355
2,028
2,320
1,812
6
1,553

N e t labor and proprietors income b y place of residence
Plus: Dividends, interest, and r e n t "
Plus: Transfer p a y m e n t s

3,021
506
316

2,748
632
363

2, 678
682
421

2,550
741
469

2,581
451
334

2,309
539
392

2,359
589
463

2,348 150, 244 163,625 171,505 191,675
650 23, 576 27,880 30, 687 34,076
515 24,194 29, 209 37, 204 40,439

Personal income b y place of residence

3,842

3,743

3,781

3,761

3,367

3,240

3,411

3,512 198, 014 220, 714 239, 396

P e r capita income (dollars)
Total population (thousands)

6,065
634

5,936
637

5,846
643

4,949
680

4,755
681

5,011
681

5,120

636

Derivation of personal income by place of residence

See footnotes o n page 18.




4,278
46, 288

4,690
47,062

266,190

5,526
5,021
47, 677 48,172

SURVEY OF CUEEENT BUSINESS

August 1977

25

by Major Sources, 1973-76
of dollars]
Table 38.—Kentucky

Table 37.—Georgia

Table 36.—Florida

Table 35.—Arkansas

Table 34.—Alabama

Table 39.—Louisiana
Line

1973 1

19741 1975 2 19762

1973 1 1974 i 1975 2

10,911 11,930 12,770 14,437 6,020

6,668

8,955 9,986 10,638 11,991
644 763 884 1,060
1,312 1,182 1,249 1,386

4,366

397

456

1,313

1,386

1,267

739
574

800
587

658
608

494
818

369
813

382
867

425
962

545

421

440

486

34

4,885

6,880

5,157

1976 2 1973 i 1974 i 1975

2

1976 2 1973 i 1974 i 1975 2 1976 2 1973 i 1974 i 1975

2

1976 2 1973 1 1974 i 1975 2

1976 2

7,568 28,001 30,479 31,250 33,824 17,689 18,924 19,490 21,906 10,529 11,795 12,498 14,066 11,529 12,848 14,181 16,090

5,869 23,522 26,048 26,671 28,66
557 1,547 1,780 2,016 2,32
1,142 2,932 2,652 2,563 2,82

463
595
554
679 2,336 2,097

542

782

862

14,763 16,077 16,598 18, 615
1,25
97 1,10
1,516
1,955 1,746 1,635 1,775

592

58

725

603

1,972

2,24

1,230

1,142

912

94

834

738

517
1,11

671

523
1,252

8,399

9,357

9,966 11,173
996 1,19
1,536 1,703

9,432 10,60o 11,92 13,56
1,22
708
856 1,01
1,389 1,387 1,238 1,30

688

833

1,441

1,606

551
890

640
966

497

540

1,039

1,162

437
952

491
895

27
96

625

740

570

641

507

563

34

24
1,06

891

737

10,366 11,509 12,330 13,951

5,189

5,777

6,143

7,026 27,129 29,617 30,338 32,87

16,856 18,186 18,819 21, 225

9,903 11, 056 11,929 13,426 11,022 12,285 13,840 15,77

8,185 9,086 9,666 11,024

4,342

4,822

5,048

5,823 22,183 24, 019 23,957 26,07

13,632 14,665 14,942 16,968

8,093

9,059

45
48
46
26 (D)
(D)
20 (D)
(D)
156 229 265
126 187 217
14
16
19
1 ()
*
()
*
16
26
28
807 847 946

33
28

34
29
5
65

26
2
1

26
25

26
26

44
25
19
111
88
•

14
703

3,044 3,373 3,437 3,973
1,427 1,570 (D)
(D)

205
346
246
233
79
144
20
5
140
10

83

4
C

16
380

37
7
17
420

69
(D)
34
8
(D)
441

1,545

1,711

1,665

659
190
32
82
117
55

732
209
35
85
130
62
77
20
()
*
63
51

(D)
22'
(D)
83
135
(D)
86
D
(D)
()
66
53

16
i

27
23
3
78
(D)

39
10
(D)

197

177

20
109
()
*
17
6
86

486 3,187

204
184
20
139
29
7
102

23
208
23
136
D
(D)
(D)
()
97

3,276

2,478

9
2,307
4,32
1,989

2,008
(D)

3,606
1,494

3,865
1,630

3,895
1,783

256
(D)
103
173
(D)
106
D
(D)
()
83
62

437
24
179
199
286
226
14
27
77
28

486
23
184
207
309
267
17

535
30
185
223
323
328
17
25
92
24

24
21
26
133
D
(D)
(D)
()

67
47
20
7
1

72
51
21
8

68

2
;
7i

75

1,197

1,203

1,065

1,116

448
407
14
()
*
27
706

4,196

4,364
2 691

4,328

5.216
(D)

2,859
1,096

592

235
44
161
59
127
189
25
151
74
31

()
*

(D)
571
443
40
937
211
390
254
297
360
161
365
164
18 D 16
26 ( )
114
104
28
22

221 239 266
364 344 422
269 281 344
259 283 D
334
84 (D)
()
182 212 232
18 D 14 D 23
6 ()
()
155 156 152
10 (D)
(D)

()
*
58
48

(D)
(D)
209 206 262
49
42
55
703 668 759
224 246 282
139 133 148
103 110 141
173 D
194 189
55 ( ) (D)
4 ()
*
()
*
99 102 118
18
23
30
27
25
34

886
173
95
66
93
68
172
42
26
13
47
57
34

979 (D)
190
178
95
80
86
66
99
111
86
94
188
162
D
36 (D)
29 ( )
13 ( )
*
51
52
68
72
37
30

2,112 2,236 2111
(D)
203
142
156
171
102
97
96
70
88
50
58
44
141
284
303
310
120
223
254
267
200
386
447
459
409
377
453
(D)
D
15
20
13
()
158
141 ( )
()
*
*
60
240
254
206
70
64
79
71
36
45
49
46

2,331

795
135
202
38
32
219
169
699

436
104
134
1
23
92
83
281
671
243
70
173

478
110
145
2
25
105
329
738
255
82
172

513
110
144
(D)
(D)
125
105
410
758
272
93
179

577
120
162
D
(D)
()
146
115
464
874
312
105
207

52

713
29

793
30

894
34

105

55

146
168
280
313
32
30
35
963 1,096 1,225

54
112
D
(D)
()

56
56

58
58

119
22
510

138
(D)
(D)

64
313
324
337
372
152
959 1,082 1,129 1,204
439
D
323
344
354
393
71
(D)
2,987 3,350 3,751 4,107 1,353
()

2,181 2,424 2,664 2,927
774 848 921 1,019

847

1,095

1,203

279
142
782

1,617 1,804

206
51
615
201
108
91
170
46
89
15
23
732
128
183
35
32
200
155
595

851
135
200
42
34
255
185
783

980
148
233
47
38
305
211
889

1,084 1,173 1,249 1,429

441
117
325

481
136
345

528
154
374

597
172
425

1,430 1,555 1,696 1,898

38

44

90

92

141
273
28
860

47
97
152
271

60

17

91

330

207
104

955
229
123

1,109 1,259 1,428 1,578

537

603

258
131
706

10,911 1,930 2,770 4,437

298

316

315

28
80
29

473
970
398
325
175
194
15
i

116
20

65
44
22
78
()
*

(D)
523
944
397
335
184
182
17
(D)
110
(D)

1,673

211
91
54

163
30
52

(D)
212
63
159
173
192
154
217
208
()
*
161
(D)
51

499
16
()
*

213
73
152
181
188
160
238
217
c

2,322

2,521

2,666

2,951

1,491

1,644

1,730

172
361
86
669
705
327

195
386
96
699
786
359

193
369
102
736
877
388

212
408
108
795
980
449

202
355
20
351
366

222
376
24
396
401
224

218
361
D
(D)
()
443
(D)

1,815
3,724
1,926

2,126
4,053
2,007

2,138
4,184
1,928

2,332
4,746
2,179

1,725
2,104
1,069

337

398

431

448

1,589

1,609

1,497

1,731

973
228
745

1,611
2,082
1,039

257
782

273
796

998 5,297 5,828
38
429
429

6,302

6,865

2,319

2,570

2,777

432

471

103

112

122

299

318

148
206

149
213

149
221

487
74

62

286

4,946
946
833
3,167

300

5,598
1,016

6,381
1,220

6,800
1,309

923

945

978

3,658

4,216

4,513

196
1,372
1,947

3,224
922
542
1,760

1,534
3,520
992
520
2,007

72
47
25
89
•
]

(D)
216
77
128
176
166
139
268
257
(D)
153
25
49

196
77
49
324
291
524

681

86

1,148

488
392
209
224
18
(D)
136
(D)

9,730 11,033

9,044 10,137 11,417 13,186

819
755
36
()
*
29
694

28
(D)
(D)
985
(D)
34
(D)
(D)
712

(D)
36
(D)
(D)
813

51
54
52
5
D
30
31 (D)
(D)
21
2
5 ()
(D)
635
838
972 1,11
(D)
(D)
(D)
(D)
598
793
912 1,047
D
D
D
()
()
()
(D)
36
43 (D)
(D)
944 1,102 1,254 1,608

3,159

3,085

3,603

1,957

(D)
277
(D)
189
79
138
205
(D)
171
96
D
()

1,121
(D)
308
249
6
(D)
196
53
92
207
154
69
257
364
D
165
(D)
()
*
()
94
6
1
(D)

(D)
250
52
167
67
136
205
48
166
(D)
32

84
57
227
211
392
450
(D)
172
(D)
81
34
37

(D)
86
55
269
228
461
451
(D)
200
(D)
(D)
43
37

776
204
195
16
56
151
153
481

844
235
208
19
61
173
148
550

894
235
217

1,085

889

376
108
268

3,087

1,336

(D)
259
74
192
202
207
182
250
339
()
*
183

(D)

61
1,964

239
419

(D)
(D)

505

(D)
1,908
2,339
1,179
'290

161

1,763

(D)

313

30
(D)
(D)
1,092

(D)
(D)
102
83
47
57
261
310
221
254
473
530
470
383
19
18
226
176
()
*
(*)"
97
108
(D)
(D)
40
33

836
131
9
77
119
Tc
76
215
6
41
72
6
11

2,185
1,265
269
8
61
219

72
430

2,407

(D)
287
17
52
211
81

478
212
(D)
12
(D)

2,797

(D)
313
2'
67
252
91

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

579
236
()
14
(D)

28
29
30

(D)
(D)
143
145
173
10
9
g
94
104
113
137
181
217
86
110
123
81
93
117
243
293
329
7
6
6
*2P ()
*
()
*
92
81
109
7 (D)
(D)
12
12
14

31
32
33
34
35
36
37
38
39
40
41
42
43

199
()
*
6
1

D

920

1,285

1,392

44
45
46
47
48

1,004

1,126

57
199
163
726

258
242
26
60
231
187
775

120
187
283
134
222
180
779

1,152

1,217

1,397

1,268

1,347

1,501

1,740

399
127
273

437
146
291

498
164
334

526
134
392

559
155
404

634
174
459

706
196
509

53
54

1,415

1,646

1,821

1,758

1,876

2,198

2,460

56

(D)

(D)

(D)

70

75

82

94

57

95

95

103

111

157
365
50

163
456
58

180
529
63

58
59
60
61
62

1,570

136
136
149
212
207
237
346
383
436
146
157
179
248
295
335
198
215
235
892 1,007 1,137

49
50
51
52
55

163

101

524
(D)
(D)

244
595
(D)
(D)

70
176
41
(D)

73
189
43
(D)

76
201
49
(D)

84
152
220
328
46
53
1,068
(D)

1,134

1,337

1,483

3,877
1,109

4, 256
1,201

1,810

1,996

2,199

2,392

1,978

2,148

2,423

2,592

430
380
999

468
439

514
429

568
463

355
270

393
300

446
317

484
275

1,090

1,256

1,361

1,353

1,455

1,660

1,832

63
64
65
66

522
2,246

601
2,454

100

108

114

6,020

6,668

6,880

826

302

340

362

7,568 28,001 30,479 31,250 33,824 17,689 18,924 19,490 21,906 10,529 11,795 12,498 14, 066 11,529 12, 848 14,181 16, 090
406 1,421 1,541 1,530 1,631
908
986 1,013 1,118
524
612
660
729
530
632
702
793

67
68

10,345 1,272 2,051 3,611

7,163 26,580 28,938 29,720 32,193 16,781 17,938 18,478 20,787 10,004 11,184 11,838 13,337 10,998 12,216 13,478 15,298

15

69
70

567

658

719

5,719

6,328

6,519

253

21

19

15

10,538 1,479 2,275 3,864
1,295 1,490 1,664 1,841
1,806 2,163 2,754 3,009

5,740

6,347

1,136

1,371

6,534
1,266
1,707

7,176 26,552 28,909 29,682 32,155 16,727 17,878 18,415 20,716 10,100 11,250 11,910 13,417 10,993 12,213 13,480 15,313
1,400 6,684 7,945 8,450 9,469 2,234 2,586 2,793 3,104 1,455 1,749 1,953 2,156 1,814 2,135 2,402 2,644
1,832 5,312 6,396 8,189 9,066 2,196 2,692 3,525 3,755 1,781 2,132 2,636 2,866 1,797 2,103 2,546 2,805

71
72
73

13,640 5,132 6,693 8,714

7,786

8,835

9,507 10,408 38,549 43, 251 46,320 50,690 21,157 23,156 24,734 27,576 13,336 15,131 16,499 18,439 14,604 16,451 18,428 20,762

74

3,852 4,233 4,618 5,106
3,541 3,575 3,615 3,665

3,830
2,033

4,273
2,068

4,506
2,110

75
76

194

207

224




910 1,118

13

4,934
2,109

-28

4,973
7,751

-29

5,340
8,099

-39

5,596
8,277

-39

6,020
8,421

-54

4,391
4,819

-60

4,748
4,877

-62

5,016
4,931

-71

5,548
4,970

96

4,014
3,332

66

4,511
3,354

71

4,871
3,387

79

5,379
3,428

-5

3,899
3,746

-3

4,373
3,762

1

4,842
3,806

5,405
3,841

SUEVEY OF CUEKENT BUSINESS

26

August 1977
Tables 40-48.—Personal Income
[Millions of dollars]

Table 40.—Mississippi

Table 41.—North Carolina

Item

Line

19731

19741 1975 2

6,443

6,895

7,125

4,956
361
1,126
574
552

5,488
411
997
417
580

671
5,771

547
6,348

4,533
25
18
7
57
D
()
46

28
20
8
91
(D)
78

()
392

1976

Table 42.-South Carolina

19731

19741 1975 2 1976

19731

19741 1975 2

1976 2

8,115

19,033

20,433

21,093

23,666

8,813

9,808 10,091

11,461

5,751
478
896
276
620

6,482
578
1,055
368
687

15,643
1,011
2,379
1,101
1,279

17,052
1,133
2,248
1,034
1,215

17,574
1,287
2,232
1,005
1,227

19,612
1,547
2,508
1,147
1,360

7,516
466
830
265
565

5,397
534
877
303
574

8,659
608
824
207
617

9,852
745
864
179

6,743

503
7,612

1,246
17,788

1,201
19,232

1,169
19,924

1,259
22,407

330
8,483

298
9,793

259
11,202

5,292
29

6,062
31

14,625
62
49
13
37
()
*

16,065
56
44
11
46

18,309
62
49
13
54

33
21
12
17
()
*
()
*
()
()
645

381
9,427
7,393
36
23
13
20
()
*
(D)
()
20
745

7,535
35
22
13
20
()
*
()
()
20
672

8,724
37
24
13
20
()
*
()
()
20
720

2,953
(D)
102
1,190
224
149
52
354
4
3
39
(

3,213
2,269
111
1,231
239
162
56
411
4
3
51
1

3,201
2,281
118
1,177
245
178
59
404

3,868
2,756
137
1,445

)
92

65
460
5
(D)
132

Income by place of work
Total labor and proprietors income 3 4
By type
Wage and salary disbursements
Other labor income
Proprietors income 4
Farm
Nonfarm *_
By industry
Farm
Nonfarm

_

_

_

10
11
12
13
14
15
16
17
18

Private
Agricultural services,forestry, fisheries, and other «
Agricultural services
Forestry,fisheries,and other 5
Mining
Coalmining...
Oil and gas extraction
Metal mining
Nonmetallic minerals, except fuels
Construction

19
20
21
22
23
24
25
26
27
28
29
30

Manufacturing
Nondurable goods.
Food and kindred products
Textile mill product
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
_
•
Tobacco manufacturers
Rubber and miscellaneous plastics products
Leather and leather products

452

424

491

1,211

1,689
651
138
40
207
80
26
59
19
()
*
70
12

1,816
720
155
42
222
87
29
75
24
()
*
73
12

1,880

2,215

166
37
222
85
33
75
30

187
51
264
99
36
87
33

72
13

86
16

6,232
3,961
311
2,052
401
209
135
384
2
295
147
25

6,657
4,218
337
2,097
415
236
148
451
3
336
169
25

1,038
194
122
22
90
94
141
257
12
()
•
61
10
34

(D)
191
118
25
90
103
154
340
(D)

(D)
231
142
34
103
122
190
377
(D)

65
(D)
29

(D)

459
63
102
28
21
140
104
410
735
290
95
195

515
69
117
30
23
161
114
460
843
324
106
218

2,272
234
572
71
187
374
466
72
47
()
•
149
56
44
1,196
110
468
14
103
287
214
1,089
1,836
770
204
565

2,439
234
601
83
212
434
495
61
49
()
*
162
63
47

393
61
98
23
17
109
86
276
670
243
71
172

1,096
207
116
26
92
108
167
258
14
()
•
63
11
35
434
63
109
28
19
121
94
324
720
264
83
180

788
(D)
54
91
106
14
(D)

861
(D)
57
94
116
14
(D)

1,075
(D)
63
108
152
14
(D)

1,238
269
246
722

1,358
316
256

971
(D)
59
98
133
13
(D)
1,452
335
256
860

Total labor and proprietors income by place of work.
Less: Personal contributions for social insurance by place of work
Net labor and proprietors income by place of work
Plus: Residence adjustment

6,443
312
6,130
53

6,895
363
6,532
66

Net labor and proprietors income by place of residence
Plus: Dividends, interest, and rent ?
Plus: Transfer payments

6,183
735
1,101

Personal income by place of residence

31
32
33
34
35
36
37
38
39
40
41
42
43

80
()
*

)
109
)
95
()
*

15,693
61
49
12
46
2
1
()
*
43
1,216

-

Durable goods
Lumber and wood products
Furniture and fixtures
Primary metal industries
Fabricated metal products.
Machinery, except electrical
Electric and electronic equipment
Transportation equipment except motor vehicles
Motor vehicles and equipment
Ordnance
Stone, clay, and glass products
Instruments and related products
Miscellaneous manufacturing industries

()
()
*
45
1,160
4,217
364
1,998
428
249
163
451
2
376
160
25

()
52
1,243
7,663
4,973
430
2,362
533
297
184
49&
2
419
215
34

Transportation and public utilities
Railroad transportation
Trucking and warehousing
Water transportation.
Other transportation
Communication. __
Electric, gas, and sanitary services
Wholesale trade. _.
Retail trade.
Finance, insurance, and real estate
Banking
Other finance, insurance, and real estate

56
57
58
59
60
61
62

Services
Hotels and other lodging places
Personal services.
Private households
Business and repair services.._
Amusement and recreation including motion pictures
Professional, social, and related services.
Government and government enterprises
Federal, civilian
Federal, military
State and local

2,690
302
639
87
285
475
486
37
61
()
•
184
95
38

(D)
111
39
42
91
206
135
30
8
(D)
111
28

944
118
37
56
104
241
159
29
7
()
*
121
36
37

920
113
30
54
110
251
140
28
5
()
•
116
39
34

112
,1
139
41
66
137
305
165
33
12
()
*
129
48
36

1,287
120
477
13
112
315
248
1,237
1,946
833
238
595

2,269
246
530
73
226
405
432
27
46
()
•
166
73
46
1,340
119
475
12
(D)
(D)
(D)
1,288
2,078
872
259
613

1,485
131
536
13
(D)
(D)
(D)
1,432
2,370
956
278
677

474
65
131
14
25
133
105
381
847
338
79
259

519
73
146
17
27
149
106
445
926
378
94
285

538
72
142
17
29
168
110
492
975
401
104
297

629
79
167
22
32
192
137
552
1,118
438
111
327

2,191
77
176
180
316
56
1,385

2,409
76
182
186
368
58
1,539

2,740
96
186
193
429
63
1,772

3,044
100
196
213
496
69
1,970

994
(D)
70
114
170
27
(D)

1,111
(D)
75
118
188
28
(D)

1,201
(D)
80
123
172
30
(D)

1,550
363
251
936

3,163
506
803
1,853

3,539
568
923
2,048

3,858
632
958
2,268

4,098
696
920
2,482

1,801
361
541

2,033
419
606
1,008

2,258
472
634
1,152

1,341
(D)
86
135
199
33
(D)
2,478
556
683
1,239

7,125
399
6,726
65

8,115
444
7,670

19,033
968
18,065

20,433
1,122
19,311
-2

21,093
1,160
19,933
3

23, 666
1,288
22,378
3

8,813
466
8,347
124

514
9,294
134

10,091
540
9,551
138

11,461
612
10,849
152

6,598
874
1,356

6,791
1,012
1,662

7,740
1,120
1,804

18,056
2,353
2,175

19,309
2,824
2,704

19,936 22,381
3,170 3,509
3,932
3,691

8,471
1,068
1,177

9,428
1,296
1,479

1,433
1,971

11,001
1,593
2,068

8,019

44
45
46
47
48
49
50
51
52
53
54
55

63
64
65
66

C)
(D)

93

8,829

9,465

10,663

22,585

24,837

26,796

29,821

10,716

12,203

13,093

14,662

3,462
2,317

3,783
2,334

4,044
2,341

4,529
2,354

4,254
5,310

4,621
5,375

4,925
5,441

5,453
5,469

3,936
2,723

4,397
2,775

4,650
2,816

5,147
2,848

!

Derivation of personal income by place of residence

Per capita income (dollars) .
Total population (thousands)
See footnotes on pagel8




"~~~~"~~~~~

SUEVEY OF CURRENT BUSINESS

August 1977

27

by Major Sources, 1973-76

1973 i

19741 1975 2 1976 2 1973*

19741

Table 46.—Southwest

Table 45.—West Virginia

Table 44.—Virginia

Table 43.—Tennessee

1975 2 1976 2 1973 1 1974 1 1975 2

Table 47.—Arizona

1976 2 1973 1 1974 1 1975 2 1976 2 19731

19741

1975 2

Table 48.—New Mexico
Line

1976 2 19731

1974 1 1975 2 1976 2

14,115 15,272 15,855 17,882 18,072 19,736 20,984 23,188

5,495

6,027

6,722

7,605 62,959 69,066 75,862 85,945

7,773

8,486

8,678

9,686

3,378

3,725

4,196

4,680

1

11,567 12,791 13,329 14,844 15,688 17,237 18,310 20,179
924 1,086 1,292 1,540
842 972 1,102 1,320
1,707 1,509 1,424 1,717 1,460 1,413 1,382 1,469

4,628

5,070

5,645

7,262

7,495

8,255

2,812

3,138

3,497

3,928

595
482
12
470

6,371 50,642 57,193 62,969 71,365
716 3,604 4,362 5,276 6,331
518 8,713 7,511 7,616 8,250
1 2,899 1,595 1,455 1,438
518 5,814 5,916 6,161 6,812

6,619

484
474
25
448

439
714
164
551

491
732
240
492

585
599
160
439

688
744
241
503

174
392
154
238

205
383
121
262

260
439
160
279

316
436
127
309

2
3
4
5
6

7
8

354

325

258

225

180

1,288 1,238 1,227 1,363

1,135

1,155

1,157

1,289

406
461
35
426

427

400

341

297

276

419

270

197

50

39

22

339

259

348

192

159

203

175

5,989

6,700

15 3,367 2,093 1,941 2,019
7,590 59,593 66,973 73,921 83,927

252

13,631 14,926 15,591 17,455 17,672 19,395 20,687 22, 912 5,445

7,521

8,147

8,419

9,339

3,186

3,566

3,993

4,506

11,458 12,513 12,892 14,503 12,403 13,633 14,399 16,189

5,139

5,757

484

33
30
3
78
31
1
17
30
892

346

264

51
54
34
34
36
43
46
33
31
31
3
8
8
3
3
327
213
129 147 151
293
186
70 (D) (D)
3
4 (D) (D)
()
*
2
2
20
24
18
25
29
36
39
40
965 948 983 1,332 1,439

4,424 4,827 4,726 5,461
2,392 2,591 2,664 3,031

343
234
383
162
181
715
10
12
193
159

390
236
400
175
198
804
10
13
211
154

432
209
388
188
200
842
11
15
220
159

489
244
468
219
230
926
13
17
250
175

2,032 2,235 2,061 2,430

132
192
211
286
293
344
115
108
41
191
39

81

3,578

3,879

3,984

4,537

1,380

6,534 47,397 53,665 59,190 67,520

5,875

6,307

6,355

7,035

2,162

2,444

2,744

3,135

8
8
9
252
263
261
287
8
8
9
220
235
231
246
1 ()
1
32
28
31
41
*
885 1,175 1,354 2,268 3,452 3,872 4,408
D
D
D
795 (D)
46
60
(D)
(D)
()
3,146 3,568
73
60
64 ( )
()
D
D
D
D
409
470 (D)
()
()
()
()
*
17
128
147 ( )
(D)
(D)
401
420
483 4,899 5,356 5,682 6,547

40
38
1
350
D
(D)
()
336
9
885

41
39
40
39
1 ()
*
402
419
D
D
(D)
(D)
()
()
381
39?
10 (D)
842
683

41
41
()
*
465

13
12
()
*
183
12
69
70
32
258

14
13
()
*
262
16
123
88
34
285

12
12
()
*
312

13
13
1
373

1,854 10,967 12,585 13,616 15,646

1,171

1,291

1,303

229
84
()
*
31
12
69
15
1
()
*
15
2

258
93
()
*
34
14
77
19
2
()
*
16
2

(D)
99
D
(D)
()
18
81
21
2
()
*
17

1,578

1,610

(D)
(D)
(D)
314
349
280
340
323
324
216
203
207
159
168
175
145
161
176
439
496
510
(D)
(D)
(D)
215
183
203
95
105
98
24
24
23

(D)
(D)
390
50
393
5
239
33
204
15
197
37
519
327
12
(D)
249 (D)
143
13
12
29

(D)
(D)
(D)
51
64
58
5 (D)
(D)
35
36
42
17
17
21
39
41
46
373
390
467
14
16
19
(D)
(D)
(D)
18
18
21
15
14
17

(D)

(D)

(D)

(D)

(D)

141 139 171
181
179
186
191 175 209
206
216
170
257 228 271
133
158
153
310 375 381
182
210
220
362 319
385
129
149
159
350 304 374
305
331
365
118
95 108
356
366 (D)
126 108 149
54
44
61
41 ( )
(D)
(D)
()
*
()
*
*
204 181 221
121
134
130
48
51
60
23
27
51
86
86 101
27
31
35

215
213
191
243
181
411
(D)

(D)

45
13
377
74
58
43
32
12

85
(D)
()
*
145
198
34
5
38
17

894
156

985 1,016 1,165 1,280 1,376 1,457 1,632
174 171 187
239
226
226
248
(D)
392 380 444
279
302
303
340
8
10
12
13
46
54
51
61
(D)
106 116 132
260
292
331
300
302
331
224 249 280 326
435
388
(D)
58
63
155
189
55
170
217
833
982 1,098 1,213 1,359
968 1,098 1,212
1,471 1,576 1,665 1,888

4,653

50
56
8
43
48
8
7
8 ()
*
442
706
377
342
405
675
15
(D)
(D)
D
D
()
()
()
*
16
(D)
(D)
1,386 1,480
417

501
124
102
11
19
102
144
270
545
170

45
13
477
82
69
48
37
13
(D)

203
6
17
528
128
107
12
19
109
153
312

(D)

41
11
465
91
84
50

(D)

12
()
*
202
7
11

15
()
*
227

117

552
176
61
116

2,029 2,201 2,409 2,642
99
104
111
124
144
148
152
164
126
130
121
144
324 353
385 430
66
64
70
77
1,276 1,405 1,560 1,703

2,501
127
157
162
443

3,101

3,507
171
186
192

656

697

792

26
49
33

587
74
1,944

727

79

1,556

2,789
134
164
167
503
61
1,759

86
2,145

21
448

27
48
34
91
(D)
(D)

32
52
36
103
(D)
(D)

2,173 2,414 2,700 2,951

5,268

5,762

6,287

6,723
2,589
1,524
2,611

792
162
21
608

850

943
199

14,115 15,272 15,855 17,882 18,072 19,736 20,984 23,188
729 851 886 972
935 1,057 1,130 1,235
13,386 14,421 14,969 16,909 17,136 18,679 19,854 21,953
-136 -132 -144 -167 1,401 1,662 1,892 2,177

5,495

6,027

6,722

296

328

362

5,199
-104

5,699
-116

6,359
-137

13,250 14,289 14,825 16,743 18,537 20,341 21,746 24,130
1,832 2,105 2,330 2,547 2,463 2,899 3,246 3,617
1,949 2,373 3,066 3,316 2,505 3,011 3,782 4,161

5,095

5,583

6,222

734

858

968

1,256

1,430

17,031 18,767 20,221 22,606 23,506 26,251 28,774 31,908

7,085

3,974
1,783

707
149

805
158

922 1,990 2,180 2,351
162 1,376 1,456 1,527

1,414 1,558 1,737 1,868

4,161 4,523 4,846 5,364
4,093 4,149 4,173 4,214




1,903

4,846
4,85C

2,126

5,347
4,910

2,410

5,777
4,981

6,341
5,032

178
19
653

1,459

74
74 (D)
(D)
511
564 (D)
(D)
D
277
331
()
()
585
641
681
762
1,125 1,254 1,477
930
698
836 D 973 1,152
(D) ( )
(D)
(D)
284
331
350
416
D
D
56
70
()
()
D

(D)

(D)

(D)

(D)

14

1,001

1,108

201

225
125
551
220
143

(D)

518
225
124

1,223
(D)
()
*

568
(D)

151

1,304
(D)
()
*

680
(D)

176

942 1,033
45
46
11
11
67
81
59
59
136
147
306
338
129
144
14
15
48
57
72
65
42
51
13
18

1,201

971
258
714

630
129

1,269

895 9,416 10,286 11,728 13,182

2,351

871
241
630

57

1,128

439
123
316

2,076

842
218
625

151
171
174

1,005

1,383
6,550
9,937
4,276
1,147
3,129

1,957

53

(D)

624 4,853 5,427 5,899 6,688
141
593
635
634
695
126 1,143 1,260 1,284 1,477
(D)
16 (D)
231 (D)
940 (D)
21 (D)
(D)
138 1,111 1,258 1,466 1,695

795
187
608

735
213
522

(D)

560
129
111
13
19
124
164
373
622
196
69
127

1,818

697
191
505

(D)

51
313
335
382
459
9
174 (D)
168
192
519
596
726
734
836
106
928 1,094 1,328 1,466
102 1,303 1,615 1,878 2,170
53 1,105 1,260 1,185 1,374

(D)

818
234
584

655
166
489

(D)

(D)

20
724

182
389

983
4,207
7,214
3,320

704
222
790
78
144 2,530
35
55
39

117
(D)
(D)

(D)
625
508
1,866

278
(D)

1,103
4,962
7,851
3,482
(D)
(D)
(D)
649
526
2,080
288
(D)

1,234
5,833
8,552
3,746
1,031
2,715
4o3
688
546
2,400
310
7,332

518
747
603
2,799
346
8,169

489
53
86
(D)
(D)

144
136
367
933

87
69
42
229
41
732

534
50
90
(D) ,
(i>)

(D)
(D)

433
(D)

669
1,463
(D)

113
20
89
24
3

C)
20

11
100
56
154
(D)
(D)
(D)
()
*

60
(D)

(D)
(D)

13
124
61
183
(D)
(D)
(D)
()
*

66
(D)

(D)

(D)

(D)

19
3

24

11

654
54
104

269
44
50
()
*
21
75
79

(D)
(D)

177
161
456

1,009

1,044

504
1,193

446

440
151
289

498
166
332

1,314
91
74
44
253
43
810

1,397
95
74
45
256
43
883

1,548

1,841

2,064

(D)
(D)

20
3
12
()
*
1
2

18
2
6
10
22
27
16
1

197
186

(D)
(D)
(D)

44
318

49
349

276
108
43

320
127
49

4 (D)
16 (D)

18
3
10
()
*
1
2

21

(D)
(D)

37
(D)

(D)

573
49
91

160
150
429

257
(D)

33
4
12

(D)
(D)

3
(D)
(D)

221
(D)

(D)
(D)
(D)

22
(D)
8
13
23
33
18
3

()
*

21
7
14

(D)
(D)
()
•

2

24
9
17
()
*
1
3

168
23
2
7
14
21

193
29
2
11
15
22

C) 1

(D)
(D)

(D)
(D)

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
7

38
39

1 ()
*
()
*
20
21
23
(D)
3 (D)
16
25
27

40
41
42
43

322
43
60

44
45
46
47
48
49
50

292
43
55
(D)
(D)

79

5

(D)
(D)

89
105

367
47
68
(D)
(D)

100

198

122
222

100

146
44
102

479
155
50
105

555
178
57
121

112

548
32

593
33

672
41

756
47

52
53
54
55
56
57

82

28

31

50
288
47
968

20
185
16
267

29
21
192
19
299

22
208
20
350

33
24
236
22
394

58
59
60
61
62

1,122
371

1,249
393

1,371

170
581

176
680

63
64
65
66

3,725

4,196

135
396
139
39

2,303

1,024

529
430
478
306
296
285
278
990 1,126 1,290 1,468

330
168
526

9,686

3,378

91
161
433

51

1,056 12,196 13,309 14,731 16,407
213 3,240 3,551 3,839 4,183
21 2,286 2,349 2,373 2,521
822 6,670 7,408 8,520 9,702

1,646
379

7,605 62,959 69,066 75,862 85,945
400 3,063 3,527 3,904 4,344
7,205 59,897 65,539 71,958 81,601
-164
-24
119
-76
219

7,773

8,486

8,678

431

453

492

172

196

219

3,207

3,976

4,680
243
4,437

67

393

-30

-33

3,946

4,404

7,380

8,056

8,225

9,194

-9

-15

-15

-18

-28

3,529
-30

7,371
1,325
1,170

8,040
1,614
1,411

8,210
1,753
1,857

9,176
1.966
2,025

3,179

3,500

1,675

7,041 59,821 65,515 72,077 81,820
1,076 11,367 13,619 15,011 16,649
1,824 8,611 10,354 12,825 14,138

564
580

642
700

7,871

8,866

9,941 79,799 89,488 99,913 112,608

9,866 11,065 11,819 13,166

4,323

4,842

4,411
1,784

4,927
1,799

5,460 4,516 4,978 5,458 6,024
1,821 17,670 17,977 18,308 18,091

4,744
2,080

5,123
2,160

5,344
2,212

5.799
2,270

3,935
1,099

4,327
1,119

418
187
766

68
69

5,525

6,217

70
71
72
73
74

4,830
1,144

5,322
1,168

75
76

728
813
850 1,000

SUEVEY OF CUEKENT BUSINESS

28

August 1977
Tables 49-57.—Personal In come
[Millions
Table 50.—Texas

Table 49.—Oklahoma

Table 51.—Rocky Mountain

Item

Line

19731

19741

19752

19762

19731

19741

19752

i976 2

19731

19741

1975 2

1976

Income by place of work
Total labor and proprietors income ' 4_

8,884

9,598

10,336

11,456

42,924

47,257

52,652

60,123

21,001

22,892

24,523

27,143

6,783
485
1,616
679
937

7,651
579
1,368
372
995

8,387
692
1,257
296

9,381
826
1,249
192
1,056

34,427
2,506
5,991
1,902
4,089

39,141
3,088
5,029
862
4,167

43, 591 49, 801
3,739
4,500
5,322
5,822
839
878
4,483
4,944

16, 461
1,001
3,539
1,635
1,904

18, 412 20,124
1,174
1,453
3,305
2,946
1,426
1,039
1,880
1,907

22,562
1,748
2,833
714
2,119

742
8,143

449
9,149

369
9,967

297
11,159

2,181
1,110
1,200
1,146
40, 743 46, 111 51, 542 58, 923

1,938
1,776
19, 063 21,117

1,389
23,134

6,332
35
35
()
*
412
6
389
1
15
594

7,198

7,841

36
36
()
*
671
8
645
()
*
17
645

28
27
1
720

8,816
29
28
1
855
(D)
820

33, 027 37, 716 42, 249 48, 534
165
182
204
172
134
153
164
145
29
40
30
27
1,324
2,714
2,421
2,117
2
1
1
()
*
2,605
2,320
2,030
1,249
2
1
3
()
*
105
99
72
86
4,819
4,026
3,162
3,584

14, 662
77
72
5
621
68
214
268
71
1,823

16,278
83
79
4
867
91
380
304
91
1,939

17, 713 20,137
84
77
80
75
4
2
1,231
1,059
196
136
481
437
411
366
143
120
2,142
1,891

1,454
533
144
17
63
23
77
19
109
()
*
78
4

1,656

2,961
(D)

3,327
1,187
542
5
58
(D)
209
101
81

921
32
19
52
168
242
139
112
39
()
*
95
10
14

1,048
37
19
58
198
287
145
127
47
()
*
101
12
16

711
62
205
()
*
157
151
135
493
992
421
117
305
1.220
(D)
90
61
195
31

By type

Wage and salary disbursements
Other labor income
Proprietors income «
Farm
Nonfarm *
By industry

Farm
Nonfarm.
Private
Agricultural services, forestry,fisheries,and other s
Agricultural services
Forestry,fisheries,and other «
Mining
Coal mining
Oil and gas extraction
Metal mining
Nonmetallic minerals, except fuels
Construction
Manufacturing
Nondurable goods
Food and kindred products
Textile mill products
Apparel and other textile products
Paper an d allied products
Printing and publishing.
Chemicals and allied products
Petroleum and coal products
Tobacco manufactures
Rubber and miscellaneous plastics products.
Leather and leather products
Durable goods
Lumber and wood products
Furniture and fixtures
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment
Transportation equipment except motor vehicles..
Motor vehicles and equipment
Ordnance
Stone, clay, and glass products
Instruments and related products
Miscellaneous manufacturing industries
Transportation and public utilities
Railroad transportation
Trucking and warehousing
Water transportation
Other transportation
Communication
Electric, gas, and sanitary services
Wholesale trade
Retail trade
Finance, insurance, and real estate
Banking
Otherfinance,insurance, and real estate
Services
Hotels and other lodging places
Personal services
Private households
Business and repair services
Amusement and recreation including motion pictures.
Professional, social, and related services
Government and government enterprises
Federal, civilian
Federal, military
State and local

608
156
13
70
25
84
32
129
()
*
95
4

(D)

687
(D)
(D)

654
1,735
(D)

(D)

(D)
710

11, 860
5,223
1,106
(D)
526
280
547
1,398
966
(D)
283
(D)

3,555
1,325
589
5
65
(D)
228
159
84
(D)
105
35

4,068
1,492
666
6
74
(D)
256
170
94
(D)
123
42

321
38
286
150
298
198
145
26
(D)
177
51
52

2,140
343
40
335
166
364
224
157
31
159
191
71
59

2,230
382

2,576
466

()
222
442
147
223
32
()
*
185
145
62

()
253
514
179
224
40
(*)
217
181
65

4,712

1,678

516

350

1,866
379

461
316
1,336
2,623
1,017
292
725

2,020
379
465
2
278
537
358
1,586
2,766
1,086
330
756

2,288
415
533
3
311
618
408
1,788
3,179
1.252
366
885

3,673
190
187
76
690
127
2,403

4,105
218
200
84
779
141
2,683

8,122
3,517
744
53
405
192
422
893
578
(D)
190
(D)

9,381
4,039
842
57
444
210
460
1,070
692
(D)
218
(D)

4,605
218
143
471
690
904
633
744
147
69
331
170
86

5,342
230
150
579
825
1.158
744
818
159
67
366
153
92

5.830
269
138
571
1,009
1,414
718
891
167
()
*
390
170
91

6,637
330
155
631
1,121
1,607
891
944
200
()
*
461
191
107

10,302
4,473
957
(D)
462
235
490
1,187
810
(D)
231
(D)

1,099
26, 044

56
249
289
150
99
48
()
*
97
16
15

2,003
(D)
191
(D)
85
31
102
45
166
(D)
112
(D)
)
22
69
270
357
141
110
64
()
*
131
23
19

785
69
223
1
170
174
148
574
1,079
445
133
312

846
70
222
1
188
202
163
767
1,143
481
150
331

954
77
253
1
210
232
182
751
1,322
545
170
375

3,384
433
802
197
577
741
633
3,212
4,892
2,321
512
1,809

3,816
473
892
229
664
845
713
3.799
5.330
2,444
594
1,850

4,158
471
911
240
732
999
805
4,412
5.885
2,670
680
1,990

1.307
(D)
91
63
213
29

1,467
40
92
66
245
29
994

1,647
45
99
73
282
34
1,115

6,447
225
437
384
1,257
190
3,953

7,072
250
455
398
1,422
197
4,350

8,193
277
490
413
1,691
218
5,104

9,232
314
533
457
1,992
244
5,692

2,934

1,845

3,219
(D)
179
73
646
(D)
2,041

7,716
1,904
1,561
4,251

8,395
2,091
1,593
4,711

9,292
2,265
1,597
5,429

10,390
2,477
1,681
6,231

4,401
1,324
700
2,377

4,839
1,483
722
2,635

5,421
1,632
717
3,073

5,907
1,725
759
3,422

D

170
(D)

70
24
89
38
147
(D)

101
(D)

()
1
7

1,051

263
823
1,166

893
5,073
6,866
3,055

754
2,301

484
5
(D)
(D)
191
82
(D)
()
*
99
35

C)
108
(D)

(D)
(D)
(D)

407
283
1,154
2,422

992
251
741

170
70
583

()

1,810
628
280
903

1,951
660
300
991

2,126
702
304
1,120

2,343
759
347
1,236

8,884
453

9,598

10,336
548

11,456
600

42,924
2,045

47,257
2,403

52,652
2,683

60,123
3,009

21,001
1,011

22,892
1,170

24,523
1,284

27,143
1,413

8,431
77

9,100
101

9,788
134

10,856
175

40,879
-116

44,854
-80

49,968
31

57,114
95

19,990
11

21,723
18

23,239
22

25,730
23

8,508
1,637
1,479

9,201
1,956
1,773

9,922
2,147
2,173

11,031
2,364
2,394

40,763
7,841
5,382

44,774
9,408
6,469

49,999
10,383
7,945

57,210
11,507
8,720

20,001
3,249
2,725

21,740
3,851
3,198

23,261
4,211
3,928

25,753
4,684
4,326

11,623

12,930

14,242

15,788

53,986

60,651

68,327

77,436

25,975

28,789

31,400

34,763

4,372
2,659

4,822
2,681

5,246
2,715

5,707
2,766

4,563
11,832

5,047
12,017

5,584
12,237

6,201
12,487

4,734
5,487

5,152
5,588

5,529
5,679

6,010
5,785

Derivation of personal income by place of residence
67

Total labor and proprietors income by place of work
Less: Personal contributions for social insurance by place of work.
Net labor and proprietors income by place of work
Plus: Residence adjustment
Net labor and proprietors income by place of residence..
Plus: Dividends, interest, and rent 7
Plus: Transfer payments
Personal income by place of residence..

75

Per capita income (dollars).. _
Total population (thousands).

See footnotes on page 18.




SUEVEY OF CURRENT BUSINESS

August 1977

29

by Major Sources, 1973-76
of dollars]
Table 55.-Utalii

Table 54.—Montana

Table 53 .—Idaho

Table 53.—Colorado

Table 5 6 . — W y o m i n g

Table 57.-Far W e s t
Line

19731

19741 1975 2 19762 19731

19741

1975 2 1976 2 19731

19741

1975 2 1976

2

19731

197.41

1975 2 1976 2 19731

19741

1975 2 1976 2 19731

19741

1975 2

1976 2

10,181 11,059 11,857 13,032

2,777

3,190

3,261

3,657

2,771

2,810

3,013

3,166

3,851

4,243

4,612

5,244

1,419

1,590

1,780

2,043 114,439 125,640 135,467 150,311

1

8,363 9,196 9,899 11,000

1,958

2,238

2,525

2,916

1,837

2,061

2,254

2,442

3,227

3,628

3,963

4,489

1,076

1,290

1,484

131
688
432
256

155
798
534
264

194
543
257
286

235
506
188
318

113
821
530
291

137
613
331
281

165
594
319
274

194
529
226
303

209
416
114
302

248
367
73
295

306
343
48
295

370
386
59
327

63
280
101
179

80
219
47
173

105
191
13
178

1,715 96,273 105,955 114,350 126,890
132 6,034 6,985 8,275 9,780
196 12,132 12,700 12,842 13,641
1 3,054 3,437 3,011 2,767
195 9,078 9,263 9,831 10,874

2
3
4
5
6

48 4,333 5,034 4,818 4,716
1,995 110,105 120,606 130,649 145,594

7

979 1,173 1,358 1,581 86,960 95,257 102,515 115,210
5
7
6
656 (D)
854 1,112
c
6
5
5
(D)
(D)
(D)
(D)
1
1 ()
1 (D)
139 (D)
*
153
247
311
393
524
686
763
850
12
19
29
55 (D)
17
19
(D)
77
149
172
186 (D)
(D)
(D)
(D)
32
36
45
69
61
70 (D)
(D)
31
43
65
82
169
189
197
226
7,282 8,216
169
215
226
241 6,684 (D)

9
10
11
12
13
14
15
16
17
18

121 24, 825 27,472 28, 707 32,096

19
20
21
22
23
24
25
26
27
28
29
30

484

555

683

816

1,333 1,308 1,275 1,216

458
875

441
867

402
873

241
975

547

533

487

327

517

642

373

343

602

418

398

297

133

95

73

84

139

89

58

9,634 10,526 11,370 12,705

2,260

2,549

2,889

3,314

2,170

2,393

2,615

2,868

3,718

4,149

4,539

5,161

1,281

1,500

1,722

7,460 8,144 8,706 9,795

1,802

2,030

2,286

2,642

1,641

1,802

18
17

20
18
2
52
()
*
1
37
13
306

11
10
1
81
7
16
49
10
190

3,128
c

3,423
9
c
()
*

3,934

19
17
2
43
1
1
32
10
239

2,184
9

2,780

33
38
37
39
17
33
37
36
39
15
1 ()
2
()
*
()
*
*
193 272 363 420
36
24
32
46
58 ( )
*
95 147 186 213 ( )
*
62
77 (D) (D)
27
13
15 (D) (D)
8
958 957 838 924
204

1,940
9

451

502
212
144
2
1
14
18
27
()
*
()
*
5
()
*

1,555 1,736 1,827 2,067
554 620 (D) (D)

245
1
20
15
114
28
9
()
*
86
34

273 299
2 (D)
23
27
17
20
125 133
36
79
16
10
()
*
C) (D)
92
36 (D)

1,001 1,116

33
23
108
95
198
165
34
18
148
107

40
34

32
24
125
105
239
188
36
19
141
113

55
38

(D)

33

583
141
443

(D)

40

135 155
292 328
103 131
126 121
22
* 1 8 (*)
103 122
128 157
41
40

1,191 1,286 1,347

611
158
454

36
318
63

75
92
37

84
96

356

359
79

39

(D)

168
3

17
11
10
8
30
1
14
()
*
3

98
103
43
403
87

354
20

20
10
91
9

204

2,174 2,382 2,664 2,910

458

181
(D)
(D)
(D)

21
36
()
*

C) 7
C)

24
38
()
*
()
*
8
()
*

289
179
4
20
10
16
9
26
2

(D)

(D)

208
4
(D)
17
29
9
4
2

254
6
(D)
19
47
10
11

5
16

()
*

()
*

()
*

16

()
*
4

3

399
21
21
11
101
8
236
519
135

1,127 1,258 1,475 1,660

59
280

64
320

10,181 11,059 11,857 13,032

717
471

155
(D)
(D)
(D)

119

647
477

(D)

189
211
228
104
51
55
54
209 (D)
58
60
(D )
1 ( )
( )
( )
(D)
(P) (p) ( )
()
42
48
35
38
178
44
129
895
150
216
1,540
323
361
367
99
695
107
121
33
171
40
46
524
66
67
75

68
981 1,088 1,312 1,445
584
464

671

556
(D)

762
488

457
(D)
23
11

119
(D)

164
92
1
41
5
3

1
4
()
*

18
()
*
5

()
*

262
60
71
V

8
8
()
*
158
25
26
98
9

302

9
()
*
190
30
45
105
10
326

2
13

279
94
40

1
13

1
2

90
51

264
98
56

17
45

18
51

36
121
320
93
33

41
145
338
96
38
58

328

(D)

184 (D)
102
103
1 (D)
49 (D)
5
6
4
5
1
1
3
1
()
*
()
*

2
239

290

(D)

15
(D)

(D)

125
(D)
(D)

7
6

1
2
()
*
17
(D)

439
16
10
120
37
80
24
77
6
11
35

10

516
17
11
141
42
98
26
91

)

(

)

49
244
425
143
53
91

519

(P)
25
12
134
(I>)

60
333
(D)

353
(D)

21
10
49

21

8

51

(D)

26

31
(D)

141
60
111

162
68
125
37
89
14

33

90
11
40
14
397
77
122

456
84
141

92

57
11
(D)

1
(D)

7
3
26
()
*
1
()
*

1
(D)

8
4
31
()
*
1
()
*

34
13
1
()
*
2
7
()
*

35
13
()
*
()
*

()
*

105
(D)

(D)

14
(D)
(D)

C) 9
5
36
(D)
(D)
(D)

()
*

3

(D)

12
(D)

(P)
4
5
1
1

7
()
*

16

(D)
2,367

150
163
659
717
800 (D)

(D)
(D)
()
*

9
1

10
1
()
*

147
48

169
55

11

8,487
2,886

161
(D)

9,512
3,145

184
(D)

929 1,097

11 1,282 1,383 1,459 1,630
6
795
943
988 1,117
42
457
611
66^
538
(D)
(D)
()
*
()
*
(D)
(D)
562
619
602
700
75
79
94
(D)
(D)
(D) 20,220 22,583
(D)
16 2,137 2,203 2,292 2,836
507
515
483
563

(D)

(D)
(D)

()
*

3,396

(D)

12

31
32
33
34
35
36
37

802
499
372

1,373
1,805
2,706
3,765
3,861

1,338
1,983
2,927
3,617
4,750

1,425
2,164
3,221
4,055
4,924

669

1,128

4 1,597
8 2,305
()
*

1

(D)
2,636

567

792

38
39

867
961
838
574 1,006 1,172
390
469
393

40
41
42
43

3

3

13

282
98
56

320
108
66

321
71
105

361
76
116

19

21
71

29
68
48
250
428
173
45

34
77
57
291
471
186
54

128

132

135

450
(D)
(D)

521
18
30

575

12
63

9
97

646
27
()
10
119

10
(D)

26
341

383

(D)

(D)

301

71
46
185

327
79
47
200

364
89

414 23,145 25,349 28,134 30,385
104 4,985 5,560 6,113 6,479

48
226

3,273 3,485 3,506 3,555
257 14,887 16,304 18,516 20,351

64
65
66

61
47
184
349
106
43
63

396
(D)
( )

11
54
9

54
203
399
123
48
75

18
32
9

107
25

(p) (P)
37
45
(E))

70
324
510
196
61

D

(D)

82
363

30
33

57
167
45
19
26

724

172

30
()

24
13
6
28

D

11

135

529
142

591
73
357

675
187
72
417

684
154
76
454

1,021
461
61

1,116

69
318

939
409
62

381

672
179
72
420

468

499

573

1,227
526
69
631

59

()
*

26
30

602
154
67

484

()
*
44
159
45
16
28

312 (D)

(D)

()
*

588
227
68
159

271

161

(D)

48

(P)
17

83
49
11

15
14

8

10

(D)
(D)

9
12
39

)

(

217
44
44
117
12
346

10
10
()
*
252
62
41
135
14
434

719
618
881
778
179
204 (D)
(D)
39
42
67
74
83
92
1
1 ()
(D)
(D)
(D)
(D)
()
*
*
(D)
1
2
2
27
32
34
42
(D)
12
9 (D)
4
5 (D)
(D)
16
17
19
21
37
41
45
51
5
7
7
8
23
27
32
34
17
19
21
20
12
14
16
19
()
*
()
*
()
*
()
*
()
*
()
*
()
*
C) 1
1
1
1
7
9
10
12
(D)
(D)
(D)
1
1
1
1
()
*
253
89
37

3

1,036

1,554 1,717 1,967 2,179

69
86

124
(D)

28
1
23
14
148
16
85
22
13 (D)
()
*
C) 4
(D)
(D)
()
*

(P) (P)
140 152

782 862 922
90
95
94
173 187 184
( )
(D ) ( )
( )
()
227 254 ( )
135 146 157
610 693 794
582
123
460

334
(D)

(D)

1

53
()
*
()
*
40
12
271

11
10
8
8
1 ()
1
*
114
116
115
10
16
20
38
34
40
(D)
54 (D)
12 (D)
(D)
203
210
236

8

191
55
42
()
*
14
39
41
68
194
52
23

214 8,536 9,222
60
851
863
47 1,859 2,011
()
*
476
504
15 1,772 1,958
46 2,426 2,643
45
83

1,153
6,978

63

6,054

27 1,523
37 4,531

175

207

232 20,100

26

29
12
6
39

12
6

30

(D)

1,243
8,058

227 12,605 13,612

29

(D)

(D)

1

()
*

32
13

935

977
633

7
44 4,198
(D)

1,592
11,763

6,270
1,751
4,519

9,839 10,956

858

940

2,014

2,292

522

576

2,126 2,357
2,966 3,311
1,352 1,480
8,968 9,938
14,690 16,641
6,652 7,709
1,938 2,181
4,714 5,528

(D)
24,759 27,692
1,009 1,076 1,195
1,035 1,095 1,181

655
4,640

(D)

680

752

5,312 6,072
1,879 2,203
14,717 16,289

53

44
45
46
47
48
49
50

51
52
53

54
55
56
57

58
59
60
61
62
63

2,777

3,190

3,261

3,657

2,771

2,810

3,013

3,166

3,851

4,243

4,612

5,244

1,419

1,590

1,780

627

121

156

176

198

135

151

166

178

204

235

261

294

72

85

102

2,043 114,439 125,640 135,467 150,311
116 6,348 6,923 7,452 8,316

67
68

9,703 10,517 11,277 12,406

4,008
3

4,351
3

4,950
3

1,347

1,504

1,678

1,927 108,090 118,717 128,015 141,994

422

69
70

4,011
638

4,354

4,954

1,348

1,504

1,678

788
828

291
168

349
192

370
229

1,926 108,094 118,793 128,305 42,416
410 18,207 21,240 23,834 26,725
257 17,462 20,767 25,821 28,269

71
72
73

478

542

580

2,656

3,034

3,086

3,459

2,637

2,659

2,847

2,987

3,647

-5

14

21

26

28

i

-2

-2

-2

2

9,699 10,512 11,273 12,401
1,542 1,817 1,971 2,203
1,270 1,490 1,842 2,029

2,670

3,056

3,111

3,487

2,635

2,658

2,845

2,985

3,649

414
377

489
455

527
558

585
612

446
385

558
450

631
541

697
600

556
526

610

713
758

12,510 13,819 15,086 16,633

3,461

4,000

4,196

4,684

3,466

3,666

4,017

4,283

4,731

5,259

5,825

6,570

1,806

2,045

2,277

2,593 143,763 160,801 177,960 97,410

74

5,046 5,495 5,936 6,440
2,479 2,515 2,541 2,583

4,479

5,027

5,640
831

4,976

5,384

5,689

4,100

746

5,350
1,228

5,119
353

5,652
362

7,033

737

4,843
1,203

6,642

728

4,462
1,179

6,060

796

5,159
813

4,760

773

75
76

—4

—5

-4




753 1,154

1

()
*

-1

376

-1

4

5,355

76

5,912

290

6,441

390 26, 849 27,199 27,631 28,071

SUEVEY OF CUREENT BUSINESS

30

August 1977

Tables 58-63, —Personal Income by Major Sources,
[Millions of dollars]
Table 58.-California

Item

Line

Table 59.—Nevada

Table 60.—Oregon

19731

19741

1975 2

19762

89,649

98,228

105,652

117,234

2,677

2,886

3,135

75,752
4,847
9,051
2,070
6,981

83,169
5,589
9,470
2,374
7,096

89,389
6,624
9,640
2,089
7,550

98,920
7,821
10,493
2,148
8,345

2,374
103
200
43
157

2,593
117
176
23
153

2,820
145
170
20
151

3,079
86,570

3,666
94.561
74,637
572
513
59
575
7
406
30
132
5,189

3,528
102,124

3,669
113,565

59
2,618

42
2,844

39

80,037

89,798

2,112
7
7
(*)
43
(*)
(*)
30
12
277

2,293
(D)

2,821
9

126
46
14
1
1
(*)
19
10
(*)
*)
1
(*)

138
50
15
1
1
D
()
20
11
()
*

()
(*)
22
13
()

()
(*)
25
15

13, 748
626
434
789
1,390
2,001
3,190
2,540
595
742
667
461
314

21,546
6,439
2,065
136
645
491
1,147
811
495
()
*
579
70
15,108
638
442
947
1,562
2,354
3,521
2,716
571
796
696
530
332

2,483
8
)
()
63
(*)
2
42
18
215
153
(D)
16

6,644
544
1,393
318
1,497
1,958
933
5,463
9,807
4,899
1,217
3,682

7,173
544
1,507
345
1,642
2,133
1,002
6,288
10.562
5,058
1,396
3,662

11, 362
5,353
1,546
3,807

17,400
864
495
957
1,822
2,823
3,904
3,684
699
()
*
785
972
395
8,456
591
1,691
381
1,957
2,659
1,176
7,685
12,808
6, 224
1,754
4,470

16, 044
527
758
532
3,508
1,223
9,496

17, 674
569
796
551
3,856
1,341
10, 561

19, 565
580
842
572
4,348
1,404
11,819

18, 256
3,859
2,704
11, 693

19, 924
4,281
2,821
12,823

Total labor and proprietors income by place of work
Less: Personal contributions for social insurance by place of work.

89,649
5,064

Net labor and proprietors income by place of work
Plus: Residence adjustment

1973 1

1974

1975 2

1976

2

19731

1974 1

1975 2

1976 2

3,534

8,571

9,461

9,944

11,223

3,176
173
186
17

6,980
450
1,141
297
845

7,702
530
1,229
348
881

8,267
615
1,062
237
825

9,371
738
1,114
195
919

409
8,162

462
8,999

382
9,562

6,716
49
()

7,399
61
33
28
25

7,759
57
32
25
25
(

343
10,879
8,892
62
34
28
25

()

)

Income by place of work
Total labor and proprietors income 3 4
By type
Wage and salary disbursements..
Other labor income
Proprietors income 4
Farm
-Nonfarm 4
By industry
Farm
Nonfarm..
10
11
12
13
14
15
16
17
18

Private
Agricultural services, forestry, fisheries, and other «
Agricultural services
Forestry, fisheries, and other «
Mining
Coalmining
-Oil and gas extraction
Metal mining
Nonmetallic minerals, except fuels
C onstruction

68,314
503
451
51
435
3
283
27
122
5,003

19
2C
21
22
23
24
25
26
27
28
29

M anufacturing
Nondurable goods
Food and kindred products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products.
Petroleum and coal products.
Tobacco manufactures
_
Rubber and miscellaneous plastics productsLeather and leather products

19,518
5,770
1,847
125
594
440
1,066
686
424

Durable goods
..
Lumber and wood products
Furniture and fixtures
Primary metal industriesFabricated metal products
—
Machinery, except electrical
Electric and electronic equipment
Transportation equipment except motor vehicles..
Motor vehicles and equipment
O rdnance
Stone, clay, and glass products
Instruments and related products
Miscellaneous manufacturing industries
Transportation and public utilities.
Railroad transportation
Trucking and warehousing
Water transportation
Other transportation
Communication
Electric, gas, and sanitary services
Wholesale trade
Retail trade
Finance, insurance, and real estate
Banking
__
_
Other finance, insurance, and real estate
Services
Hotels and other lodging places.
Personal services
Private households
Business and repair services..
Amusement and recreation including motion picturesProfessional, social, and related services
Government and Government enterprises..
Federal, civilian.
Federal, military
State and local

C)

528
60

639

727

469

529

136
5,404

162
6,032

22,456
6,838
2,263
136
694
505
1,204
840
564

25,038
7,638
2,453
156
795
597
1,345
950
610
D
)
645

557

(D)

15, 618
688
422
905
1,663
2,555
3,484
3,536
492
()
*
713
834
326
7,637
540
1,501
348
1,778
2,388
1,

()
()
*
54
1

(

3,496

()
57
()
*
2
35
19
274
173
(D)
17
(D)

\
()
2
25
9
11
16
1
(*)
(*)
18

1
2
1
1
1
1
4
2
1
1
(•)
(*)
21

1
9
570
2,182
512
219
19
22
126
76
26
8
(*)
13
2

1
23
629
2,393
575
240
20
24
147
85
32
9

C)

15
2

1,671
920
36
113
105
145
121
83
56
(*)
44
26
19

1,818
938
34
145
122
171
148
97
67
1
47
30
20

()
24
615

()
23
682

2,433
(D)
254
19
(D)
156
89
33
(D)
(*)
17

2,860
(D)
281
21
(D)
181
102
38
(D)
()
*
22

()

()

945
31
150
135
175
40
97
47
()
*
47
(D)
19

1,176
33
162
152
192
47
110
61
()
*
56
(D)
22

()
(*)
18
1
9

(*)
(*)
(*)
17
3
9

(D)
10

203
24
28
(*)
47
66
37
89
302
113
30
83

228
25
32
(*)
55
73
43
105
332
115
33
82

252
24
34
()
*
63
83
48
116
362
114
35
78

27
41
1
73
91
54
131
422
132
39
93

11
2
220
42
53
158
103
596
1,009
397
108

747
122
238
45
61
170
111
685
1,094
419
127

777
122
235
44
65
192
120
753
1,173
451
132
319

885
133
271
49
74
219
138
842
1,353
520
141
379

21,898
644
910
632
4,980
1,668
13,064

954
290
31
8
140
275
209

()
313
34
9
149

1,200
361
35
(D)
167

1,336
395
37
(D)
183

1,195
51
75
35
201
35
799

1,346
53
80
36
227
36
913

1,475
(D)
82
37
257

1,664
(D)
88
41
295

22,087
4,686
2,824
14,578

23, 767
4,933
2,839
15,994

506
111
91
304

551
121
93
337

613
137
94
382

675
153
108
413

1,447
321
43
1,082

1,600
354
55
1,190

1,803
382
55
1,366

5,336

105,652
5,704

117, 234
6,395

2,677
123

2,886
150

3,135
163

3,534
178

8,571
444

9,461
549

9,944 11,223
654
586

84.586
1
84.587
14, 222
13,594

92, 891
20

99, 948
111

110,839
166

2,554
-66

2,736
-70

2,972
-70

3,356
-82

8,126
-106

8,912
-122

9,358
-123

10, §69
-134

92,911
16,580
16,108

100,059
18, 620
20,041

111, 004
20,890
21, 998

2,665
447
369

2,902
497
494

3,274
561
533

8,021
1,386
1,316

8,791
1,583
1,607

9,235
1,766
2,008

10,435
1,974
2,171

112,403

125,598

138, 719

153,892

3,146

3,481

3,893

4,368

10, 723 11,982

13,008

14,580

5,446
20,640

6,016
20,876

6,544
21,198

7,151
21,520

5,704
552

6,067
574

6,595
590

7,162
610

4,830
2,220

5,312
2,255

5,695
2,284

6,261
2,329

D

1,987
406
56
1,526

Derivation of personal income by place of residence
67

Net labor and proprietors income by place of residence..
Plus: Dividends, interest, and r e n t 7
Plus: Transfer payments
Personal income by place of residence.
Per capita income (dollars)
Total population (thousands).
See footnotes on page 18.




SURVEY OF CURRENT BUSINESS

August 1977

(Continued from p. 16)

1973-76

Table 63.—Hawaii

Table 62.—Alaska

Table 61.—Washington

1975 2

Line
1976 2

1973 1

19741

1975 2

1976 2

1973 1

1974 1

1975 2

1976 2

1973 1

1974 1

13,542

15,066

16,736

18,320

1,800

2,387

3,763

4,616

3,804

4,176

4,509

4,825

1

11,168

12,491

13,875

2,167

3,449

4,247

3,366

3,695

4,027

4,290

750

892

15,423
1,049
1,849

1,621

635

74
105
1
103

99
121
1
120

171
143
2
141

212
156
3
154

173
264
26
238

192
288
65
222

242
240
37
203

280
256
27
229

2
3
4
5
6

1,739

1,824

1,970

644

692

665

408

1,095

1,132

1,305

1,441

787

864

869

666

2

2

3

4

134

171

151

155

7

12, 755

14, 202

15, 867

17, 654

1,798

2,385

3,759

4,612

3,670

4,005

4,358

4,671

8

9,818

10,928

12,236

13, 698

1,009

1,505

2,767

3,528

2,434

2,633

2,858

3,075

97
47
49
25

104
52
52
31
8
2
3
18
882

104
55
50
36

111
58
54
41

34
2
32
41
2
35
2
1
182

36
2
34

32
3
29
116
(D)
(D)
4
(D)

40
3
38
137

14
11
3
()
*
()
*

15
13
3
()
*
()
*

(E>)
( )
()
*
()
*

(D)
(D)
()
*
()
*

(D)

()
*

( }

()
*

()
*

1,095

1,559

380

407

428

380

9
10
11
12
13
14
15
16
17
18

161
(D)
51

196
(D)
73
(D)

225
168
100

248
186
112
()
*
22
3
30
9
8
()
*
1
1

271
206
128

285
219
135
(D)
23
(D)
35

()
*

7

3
15
834

2,998

(D)
287
5
42
233
121
73
26
()
*
20
(D)
(D)

587
34
208
96
152
71
899
29

( )

(D)
19

(D)
(D)
22

1,047

1,228

3,664

4,024

316
6
47
257
132
89
34
()
*
23
(D)

(D)
353
(D)
50
267
144
102
(D)
()
*
26
(D)

(D)
394
(D)
59
318
158
115
(D)
()
*
31
(D)

(D)

(D)

(D)

3,394
(D)

622
37
258
115
173
81

653
29
259
176
186

1,048

1,116

1,129

31

29

33

77

790
34
284
178
193
83

121
74
42
(D)
()
*
19
8
4
(D)
()
*
()
*
47
37

(D)

1
1

71

3
64
3
2
432
144
87
46
(D)
()
*
24
9
5
(D)
()
*
()
*
()
*

58
45

(D)

(E>)
()
*

D

(E>)

(•)

21
3
29
7
7
()
*

()
*

1

46
()
*

51
()
*

57
10
5

4
3

4
3

5
2

1
10

4
()
*
()
*
25

61
8
5
3
5
2
(D)
5
()
*
()
*
28

1

4

4

6

7

384
()
*
36

432
()
*
38

/D)
(D)
(m
201
496
273
57
217

(D)
(D)
(D)
218
563
302
63
239

785

873

34
17
129

36
18
141

D

1

237
3
46
17
84
63
24
75
185
65
24
42

406
4
133
28
115
96
30
126
259
92
33
59

435
4
120
31
130
113
37
147
295
121
43
78

321
()
*
31
24
135
91
39
182
407
224
44
181

347
()
*
34
25
156
91
41
196
448
245
51
195

199
15
10
4
32
4
135

260
20
10
4
51
4
171

481
(D)
12
4
206

598
(D)
13
4
281

(D)
(D)

(D)

679
134
31
15
106
32
361

726
142
32
16
118
33
384

789
239
240
311

880
267
253
360

992
308
257
426

1,084

1,236

324
265
496

402
409
424

18, 320
1,089

1,800

2,387

3,763

4,616

100

137

174

214

15, 737

17, 231

1,700

372

471

-80

2,250
-227

3,589
-640

14,426
2,629
2,684

16,109
2,952
3,279

17, 702
3,300
3,567

1,619

2,022

118
268

168
239

17,491

19, 739

22,341

24,569

2,006

5,089
3,437

5,649
3,494

6,277
3,559

6,802
3,612

C)

78
12
33

88
(D)
34

99
(D)
40

992
161
218
115
175
243
81
831

1,075

1,172

1,330

172
234
114
200
267
87
979

172
246
129
221
303
101

189
289
145
253
341
112

1,488

1,625

1,165
1,793

1,280
2,058

646
169
478

677
195
483

735
224
510

832
247
585

1,908

2,160

2,519

2,794

67
113
58
349
60

1,260

74
124
60
408
67

80
136
62
540
71

93
145
69
614
83

1,427

1,629

1,791

2,937

3,274

3,631

3,956

694
434

803
516

908
532

986
551

1,808

1,955

2,190

2,418

13,542

15,066

16, 736

718

888

999

12,824

14,178

174

248

12, 998
2,239
2,253




(D)
()
*

()
*
()
*
()
*

6

(D)

7

(D)
33

(D)

3
()
*

170
3
23
12
58
53
21
54
151
57
19
38

C)

72
10
30

1

(P)
22

22

(D)

13

1

(D)

()
*
()
*
()
*

19

11
(D)
2
()
*
2
()
*

I )2
2

4

()
1
(D)
()
*
11
(D)
1

(D)

31

(D)
()
*

9
()
*

1
1

10

()
*

1

65
6
4

66
6
4

(E>)

7
2

7
2

6
(D)
()
*

8
(E>)
()
*

29

27

19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62

(D)

(D)

1,372

1,500

1,596

438
469
465

475
498
527

511
494
591

63
64
65
66

3,804

4,176

4,509

4,825

206

230

250

266

67
68

4,402
-956

3,597

3,946

4,260

4,559

()
*

()
*

O

()
*

69
70

2,949

3,447

3,597

3,946

4,260

4,559

220
274

253
279

563
450

684
548

747
700

828
811

71
72
73

2,429

3,443

3,979

4,611

5,177

5,706

6,198

74

6,060

7,117

9,440

10,415

5,554

6,138

6,669

7,080

331

341

365

382

830

843

856

875

75
76

business. Rental income of persons,
with capital consumption adjustment,
is the monetary income of persons from
the rental income of real property,
except the income of persons primarily
engaged in the real estate business; the
imputed net rental income of owneroccupants of nonfarm dwellings; and
the royalties received by persons from
patents, copyrights, and rights to
natural resources.
New IRS data for 1968 forward,
together with modified allocation procedures, improved the quality of the
State series for all three income types.
Other revisions were particularly important for the rental income of persons
and for personal interest income.
The largest definitional and classificational revision was in the rental
income of persons; and this reflected the
substitution of an economic capital
consumption estimate, which is measured by replacement costs, for an
estimate measured by historical costs.
This substitution, when coupled with
recent inflation and the relatively long
service lives of residential structures,
greatly increased capital consumption
charges. These increased charges lowered the rental income of persons on
both owner- and tenant-occupied housing. The effect of the increased capital
consumption estimate on the rental
income of persons was partially offset
by the substitution of longer service
lives in the estimation of capital consumption of tenant- and owner-occupied housing.2
Three other definitional and classificational revisions affected the rental
income of persons. First, payments
received by nonoperating farm landlords were reclassified from farm proprietors' income to rental income of
persons. Second, mobile home purchases
were reclassified from personal consumption expenditures and expenditures for producers' durable equipment
to investment in residential and nonresidential structures, respectively. This
shift entailed estimation of both monetary and imputed rents for mobile
{Continued on page 64)
2. For a more detailed discussion, see Part I of the January
1976 SURVEY and "New Estimates of Capital Consumption
Allowances in the Benchmark Revision of GNP" in the
October 1975 SURVEY.

BY OBIE G. WHICHARD

U.S. Direct Investment Abroad in 1976
LAJOR developments related to
U.S. direct investment abroad in 1976
were:
(1) The U.S. direct investment position increased 10 percent, to $137.2
billion. The increase consisted of net
capital outflows of $4.6 billion, reinvested earnings of $7.7 billion, and
valuation adjustments of $0.7 billion.
The increase was smaller than in 1975,
primarily because net capital outflows
declined substantially.
(2) Adjusted earnings—the return
on the position—were $18.8 billion,
up 13 percent. The increase was cenNOTE.—Robyn J. Hamilton, Ralph Kozlow,
John W. Rutter, and Patricia C. Walker
prepared the estimates in this article under the
general supervision of Julius N. Freidlin. Each
of these individuals also furnished background
information.

tered in developed countries. It reflected moderate improvement in business conditions abroad, as well as the
increase in the direct investment
position.
(3) Receipts of income from U.S.
direct investment abroad were $11.1
billion, up 30 percent. Petroleum affiliates
in
developing
countries
accounted for over half of the increase.
The annual estimates in this article
incorporate major revisions made (1)
for the years 1973-76, because of
changes in the treatment of transactions
and imputations involving a U.S.incorpofated petroleum company, its
foreign branch and the foreign host
government, and (2) for the years
1966-76, because of a change in the
U.S. company's method of reporting
to BE A. The revisions are described in
the technical note.
CHART 2

U.S. Direct Investment Abroad, 1976
Direct Investment Position:
$137.2 Billion
60

50

40

Billion $
30
20

1

1

1

10

Addition to Direct Investment Position:
$13.0 Billion
0

1

0

-10

1

Developed Countries

i

_i •
:

Europe

:
Other

1

1

5

6

1

1

H

Canada

1

Billion $
3
4

1 2

•l

1

•

Latin America

1

Petroleum
Other
Manufacturing

1

Other
I

I I

i

i

1

U.S. Department of Commerce, Bureau of Economic Analysis

32




International and
Unallocated

1

At yearend 1976, the U.S. direct
investment position—the net book
value of U.S. direct investors' equity
in, and outstanding loans to, foreign
affiliates—was $137.2 billion (table 1
and chart 2). By industry, petroleum
accounted for 22 percent of the position, manufacturing for 44 percent,
and "other" industries—in which the
positions in finance and insurance,
trade, and mining and smelting were
the largest—for 34 percent (table 2).
By area, developed countries accounted
for 74 percent, developing countries
for 21 percent, and "international and
unallocated" for 5 percent.
Investment in incorporated affiliates
was 88 percent of the position, and
in unincorporated affiliates 12 percent.
For incorporated affiliates, the position
consists of cumulative net capital
outflows, reinvested earnings, and
valuation adjustments. For unincorporated affiliates, it consists of cumulative net capital outflows and
valuation adjustments—reinvested earnings are not recorded because all
of the earnings are treated as remitted
to U.S. parents; earnings not actually
remitted are included in net capital
outflows.

The 1976 Addition

Developing Countries

1

7

The Direct Investment
Position

1

t

1

1

1

1

The $13.0 billion addition to the
direct investment position was smaller
than in 1975 because declines in net
capital outflows ($1.7 billion) and
reinvested earnings ($0.3 billion) were
only partly offset by a $1.0 billion
positive shift in valuation adjustments.
The shift in valuation adjustments
occurred largely because amounts

SURVEY OF CURRENT BUSINESS

August 1977

realized from the 1976 sale or liquidation of several affiliates in developed
countries exceeded the amounts previously included in the position for
those affiliates.
The composition of the addition
changed significantly from 1975 to 1976.
By component, the proportion accounted for by net capital outflows
declined, and that accounted for by
reinvested earnings increased, as the
latter component declined by a smaller
percentage than the former. By industry, the proportion of the addition
accounted for by petroleum affiliates
declined because their reinvested earnings fell sharply, and those of nonpetroleum affiliates increased. A related
change in area composition occurred:
Because the petroleum decline was
centered in developing countries, and
the nonpetroleum increase in developed
countries, the developing countries accounted for a smaller, and the developed
countries for a larger, proportion of the
addition than in 1975.

33
Table 2.—Composition of U.S. Direct
Investment Abroad, 1975-76

Net capital outflows
Net capital outflows declined 27
percent, to $4.6 billion; $2.6 billion was
to unincorporated affiliates and $2.0
billion to incorporated affiliates (table
3). The $2.0 billion consisted of $1.2
billion for net equity investment and
$0.8 billion for intercompany account
transactions, principally short-term. Increases in equity were nearly twice as
large as decreases.1
The decline in net capital outflows
for U.S. direct investment abroad occurred although domestic financial market conditions (weak loan demand and
an ample supply of loanable funds)
were conducive to an increase; there
was a substantial net increase in other
U.S. private assets abroad. To some
extent, the decline in direct investment
1. The equity changes shown in table 3 are aggregations of
quarterly data. If, during a given year, an affiliate registers
an increase in one quarter and a decrease in another, both
changes are included separately in the table. Such changes,
which occur infrequently, largely accounted for the offsetting
1975 entries in the "international and unallocated" category.
Because the affiliate involved was in the petroleum industry,
the data for petroleum in all areas combined were similarly
affected.

[Percent]
Position
yearend
1975 1976
Total

Addition to
position
1975 1976

100

100

100

100

n.a.
n.a.
n.a.

By component:
Net capital outflows
Reinvested earnings
Valuation adjustments

n.a.
n.a.
n.a.

45
57
-2

35

By type of affiliate:
Incorporated
Unincorporated

78
22

By area:
Developed countries
Developing countries
International and unallocated..

74
21.
5

56
46
-2

78
22
0

By industry:
Petroleum
Manufacturing
Other

27
40
33

n.a. Not available.

outflows was attributable to hostcountry policies that led to sales and
liquidations of some affiliates and probably discouraged new investments. It
also reflected the delayed response of
affiliate capital spending to excess
capacity resulting from the worldwide

Table 1.—U.S. Direct Investment Position Abroad, 1974-76
[Millions of dollars]
Addition in 1975

Position
yearend
1974
Total

AH areas
Petroleum
Manufacturing
Other

Net
capital
outflows

Reinvested
earnings

Valuation
adjustments

Position
yearend
1975

Addition in 1976

Total

Net
capital
outflows

Reinvested
earnings

Valuation
adjustments

Position
yearend
1976

110,172
21, 548
51,172
37,452

14,040
4,652
4,713
4,674

6,264
2,918
1,301
2,045

8,048
2,057
3,451
2,540

-273
-323
-38

124,212
26,200
55,886
42,126

13,032
3,513
5,176
4,344

4,596
2,409
928
1,259

7,714
738
4,126
2,850

722
365
122
235

137,244
29,713
61,062
46,470

83,025
18,334
41,973
22,719
28,404
5,731
13,450
9,223

7,898
2,024
3,454
2,420

2,898
1,211
921
765

4,900
816
2,540
1,543

101
-3
-8
112

90,923
20,358
45,427
25,139

10,226
3,304
4,272
2,650

3,354
1,941
677
736

6,176
919
3,498
1,759

696
444
97
155

101,150
23,662
49,699
27,789

2,634
489
1,242
903

419
-57
130
346

2,173
548
1,106
518

42
-2
5
39

31,038
6,220
14,691
10.126

2,889
933
1,293
664

102
-53
80
75

2,459
722
1,208
528

328
263
4
61

33,927
7,153
15,984
10,791

44,782
9,960
23,990
10, 832

4,751
1,433
2,023
1,295

2,338
1,293
769
276

2,345
142
1,261
943

-1
-7
76

49, 533
11,393
26,013
12.127

6,372
2,051
2,689
1,632

2,914
1,838
579
497

3,110
33
2,029
1,049

349
181
81
87

55,906
13,445
28,702
13,759

Other
Petroleum
Manufacturing
Other

9,839
2,642
4,533
2,664

513
102
190
222

141
-24
22
143

381
126
174

-9
0
-6
-3

10,352
2,744
4,722
2,886

965
320
291
354

338
156
19
164

607
163
261
182

20
1
11
7

11,316
3,064
5,013
3,239

Developing countries
Petroleum
Manufacturing
other

19,812
-390
9,200
11,002

6,410
2,909
1,259
2,242

3,702
1,988
379
1,334

3,083
1,241
910
932

-375
-320
-31
-24

26,222
2,519
10,459
13,244

2,828
363
904
1,562

1,665
810
251
604

1,204
-368
628
945

-41
-79
25
13

29,050
2,882
11,362
14,806

Latin America
Petroleum
Manufacturing
Other

19,491
3,564
7,541
8,386

2,610
-240
1,021
1,829

1,215
-214
246
1,183

1,621
173
801
647

-226
-199
-26
-1

22,101
3,324
8,562
10,215

1,435
-384
680
1,139

145
-574
176
543

1,302
227
495
580

-13
-36
8
15

23,536
2,940
9,242
11,354

Other
Petroleum
Manufacturing
Other

321
-3,954
1,658
2,616

3,800
3,149
238
413

2,487
2,202
133
152

1,462
1,068
110
284

-149
-121
-5
-23

4,121
-805
1,896
3,029

1,393
747
224
423

1,520
1,384
74
61

-98
-595
132
364

-43
17
-3

5,514
-59
2,120
3,452

7,335

-269

-335

66

7,067

-22

-423

333

67

7,044

Developed countries
Petroleum
Manufacturing
Other
Canada
Petroleum
Manufacturing
Other
Europe
Petroleum
Manufacturing
other

_.

;::

;;;;;;

International and unallocated




SURVEY OF CURRENT BUSINESS

34

August 1977

Net capital outflows by industry and
area.—Net capital outflows to petroleum affiliates declined 17 percent, to
$2.4 billion. Net outflows to developed
countries rose 60 percent, and those to
developing countries fell 59 percent.
The rise to developed countries followed
a decline in 1975 that was related to
affiliates' repayment of intercompany
debt incurred in 1974 to finance higherpriced oil imports. The rise also reflected
an increase in net outflows to the
United Kingdom to finance development of previously discovered fields in
the North Sea. Outflows to developing countries declined from a 1975
figure that had been inflated by outflows to unincorporated affiliates to
extinguish tax and royalty liabilities incurred in 1974. Inflows from Venezuela
in the first half of the year—largely
compensation for nationalized affiliate

assets—also were reflected in the decline. Partly offsetting were a shift to
net outflows to Libya, largely as a
result of the resolution of a dispute
over the terms of contracts between an
affiliate and the host government, and an
increase in net outflows to Indonesia—
probably related to the relaxation of
restrictions on the repatriation of
affiliate earnings from that country.
Net capital outflows to manufacturing
affiliates declined 29 percent, to $0.9
billion. Shifts to net inflows from
machinery affiliates in Canada and
France accounted for almost the entire
decline. The inflows from France resulted from the sale of a telecommunications manufacturing affiliate to local
interests.
Net capital outflows to affiliates in
"other" industries declined 38 percent,
to $1.3 billion. The decline was centered

economic recession of 1974-75. (The
most recent BEA estimates, based on a
survey taken last December, indicate a
4-percent decline in capital spending
by majority-owned affiliates in 1976.2)
Other factors that may have contributed to the decline in net capital outflows were volatile foreign exchange
markets; reaction to proposed changes
in U.S. taxation of foreign-source income (some of the proposals were incorporated in the Tax Reform Act of
1976); more rapid escalation of production costs abroad than in the United
States; and balance sheet restructuring
in response to changes in accounting
rules pertaining to the translation of
affiliate accounts from local currency
into dollars and the effect of such translation on affiliate earnings.
2."Capital Expenditures by Majority-Owned Foreign
Affiliates of U.S. Companies, 1976 and 1977," SURVEY OF
CURRENT BUSINESS, March 1977, p. 33.

Table 3.—Net Capital Outflows, by Type of Affiliate, 1975-76
[Millions of dollars; inflows (-)]
1976

1975

To incorporated affiliates J

To incorporated affiliates *
Net intercompany
account

Equity investment

Total
Total
Net

All areas
Petroleum
Manufacturing
Other...

Increases Decreases Total

Short- Longterm
238
12
224
2

43
-71
-40
154

4,494 4,596 1,974
2,862 2,409
775
928
168
917
1,464 1,259
282

1,157
-34
893
298

2,649
515
1,312
822

-1,492
-549
-419
-524

817
810
24
-16

888
885
92
-90

-71
-76
-68
73

2,622
1,633
11
977

-539
-80
-164
-295

475
259
70
146

182
31
141
10

293
228
-71
136

761
1,281 3,354 2,323
954 1,941 1,263 - 1 0 8
686
677
90
663
182
236
736
397

1,979
434
1,056
490

- 1 , 2 1 9 1,563
- 5 4 2 1,371
-24
-370
215
-308

1,516
1,433
68
14

47
-62
-92
201

1,031
677
14
339

254
15
74
165

-92
-30
-15
-47

-42
54
75

-153
-233
96
-16

241
192
-42
91

169
-1
17
153

878
12
643
223

1,274
62
784
429

-397
-50
-141
-206

510
407
68
35

448
315
104
29

62
92
-36

950
874
58
18

-50

-113
-50
-59

-10
-56
6
39

162
81
15
66

235
57
83

27
18
32
-24

3,167 1,665
810
1,861
251
78
604
1,227

-15
-10
16
-21

1,368
148
68
1,152

145
-574
176
543

41
28
16
-3

1,798
1,713
10
76

-277

46

3,275
1,159
1,173
943

Developed countires
Petroleum
Manufacturing
Other
Canada
Petroleum
Manufacturing
Other

2,898 1,617
1,211
257
921
831
765
529

1,142
-3
762
383

1,681
77
926
678

250
-56
113
193

162
-15
58
119

Europe.
Petroleum
Manufacturing.
Other

2,338 1, 388
1,293
419
769
711
276
258

-1,785
-1,044
-224
-517

Other
Petroleum
Manufacturing
Other..

141
-24
22
143

-21
-106

102
(*)
61
41

152
84

-43

-123
-106
-53
36

Developing countries

Petroleum
Manufacturing
Other

3,702
1,988
379
1,334

535
127
301
107

273
52
186
34

509
56
246
206

-235
-4
-60
-172

262
75
115
72

Latin America
Petroleum
Manufacturing..
Other

1,215
-214
246
1,183

-154
-362
178
31

150
21
150
-21

350
22
190
138

-200
-1
-40
-159

28
52

-289
-373
12
72

Other
Petroleum
Manufacturing
Other

2,487
2,202
133
152

689
489
123
76

124
32
36
56

159
35
56

-35
-3
-20
-12

565
457
87
21

524
429
71
23

-381

74

1,086

-1,011

International and unallocated .. - 3 3 5

-456

-179

•Less than $500,000 ( ± ) .
1. Includes capital outflows to purchase capital stock in affiliates from unaffiliated foreigners
and capital inflows from the sale of such stock to unaffiliated foreigners. Although such capital
flows are not actually " t o " foreign affiliates, they are so classified because they change the




Net intercompany To uninaccount
corporated
affiliates
Total
Short- LongNet Increases Decreases Total term term
Equity investment

281
-59
184
156

6,264 1,771 1,490
2,918
56
115
1,301 1,133
949
2,045
581
426

419
-57
130
346

To unincorporated Total
affiliates

-441
-435
-10
4

239
96
39
103

-680
-531
-49
-100

358
362
89
-92

212
256
6
-50

146
106
82
-42

185
20
1
164

2,914 2,139 1,093
327
1,838 1,175
640
579
561
126
497
403

1,608
334
942
333

-515
-7
-302
-207

1,046
847
-79
277

1,038
936
72
31

-151
247

774
663
18
94

108
-1
57
53

132
4
75
54

-24
-4
-19
-1

158
162
-33
30

265
241
-10
34

-107
-80
-23
-4

71
-5
-5
81

73
207
117

603
81
256
267

-206
-7
-49
-149

47
-145

-518
-565
24
23

-150
-5
24

1,935
1,306
-4
633

-217
197
13

357
81
185
92

530
81
217
232

-173 -365
0 -298
12
-33
-79
-140

-316
-305
8
-19

-49
7
4
-60

153
-357
-20
531

1,520
1,384
74
61

-262
-279
58
-41

41
-7
22
26

74
(*)
38
35

-33
-7
-16
-9

-303
-272
35

-202
-260
16
42

-101
-12
20
-108

1,782
1,663
17
102

-423

-79

-1

66

-67

-78

-110

33

-344

102
-53
80
75

156
19
164

-83
-73
79

267
161
24
82
-270
-496
254

-570

U.S. direct investment position in these affiliates. When the country of the affiliate differs
from that of the buyer or seller of capital stock in the affiliate, the capital flows are classified
according to the country of the affiliate.

SUEVEY OF CUEEENT BUSINESS

August 1977

in Latin America, and reflected reduced
outflows to a mining and smelting
affiliate in Peru and to a finance affiliate
of a U.S. petroleum company in
Bermuda.
Net capital outflows by status of affiliate.—Table 4 shows net capital outflows to new affiliates, to affiliates
liquidated or sold, and to all other
affiliates. For affiliates whose status
changed, total capital flows are shown,
not only those flows that resulted in or
from the change in status itself (such as
outflows that financed an acquisition or
inflows reflecting the proceeds of a sale
or liquidation).
Net capital inflows of $1.7 billion
from affiliates that were liquidated or
sold exceeded net capital outflows of
$0.7 billion to new affiliates. Consequently, net outflows to all other
affiliates exceeded those to all affiliates
combined. (In contrast, in 1975, net
outflows to new affiliates exceeded net
inflows from affiliates that were liquidated or sold.)

Of the $1.7 billion, $1.0 billion came
from affiliates that were sold and $0.7
billion from liquidated affiliates. Over
half of the $1.0 billion came from the
previously mentioned French telecommunications manufacturing affiliate and
from a Canadian petroleum affiliate
that was purchased by a new Stateowned corporation. A major portion of
the net inflows from liquidated affiliates
came from a U.K. petroleum affiliate;
apparently, most of its activities were
transferred to another U.K. affiliate of
the same U.S. parent.3
Capital inflows from Venezuelan affiliates whose assets were nationalized are
included in the "to other affiliates"
column of table 4, rather than in the
"liquidated" column. Although the
assets were nationalized, the affiliates
3. In such a situation, thefiguresin table 4 are affected by
the consolidation practices followed by the U.S. parent in
reporting to BE A. If it chooses, the parent may file a consolidated report for affiliates in the same country and industry. If the parent of the affiliate in question had filed a consolidated report for all of its U.K. affiliates, no liquidation
would have been reported for the consolidated entity.

35
remained in Venezuela as U.S.-owned
business enterprises to purchase crude
oil from, or to provide technical
assistance to, the newly nationalized
entities.
Of net capital outflows to new affiliates, $0.5 billion was to newly
established affiliates, and $0.2 billion
to existing companies acquired during
1976. The newly established affiliates
were primarily in industries other than
petroleum.
Net capital outflows to incorporated
affiliates, by transactor.—Net capital
flows for U.S. direct investment abroad
include those that result from the
acquisition or sale of equity shares in
incorporated affiliates from or to foreigners other than the affiliates in
which the investment was made. In
1976, these transactions resulted in net
capital inflows of $0.7 billion (table 5).
In contrast, transactions between U.S.
direct investors and incorporated affiliates in which the investment was
made resulted in net outflows of $2.7
billion.

Table 4.—Net Capital Outflows, by Status of Affiliate, 1975-76
[Millions of dollars; inflows (—)]
1975

1976

To affiliates liquidated
or sold

To new affiliates
Total

To new affiliates

To affiliates liquidated
or sold

Total Established Acquired

To other
affiliates

Total Liquidated Sold

Tota

Total Established Acquired Total Liquidated Sold

To other
affiliates

All areas

6,264
2,918
1,301
2,045

763
71
254
438

611
71
163
377

153
0
92
61

-591
-133
-189
-269

-205
-118
-46
-40

-387
-15
-143
-229

6,092
2,981
1,235
1,876

4,596
2,409
928
1,259

708
80
275
353

509
2
180
327

199
78
95
26

-1,705
-984
-312
-409

-701
497
-7
-196

Developed countries.
Petroleum
Manufacturing
Other.
Canada
Petroleum
Manufacturing.
Other
Europe
Petroleum
Manufacturing.
Other
Other
Petroleum
Manufacturing.
Other

2,898
1,211
921
765

477
7
171
299

352
7

125 - 3 9 4
-22
-145
53 -227

-77
-4
-38
-35

-317
-17
-108
-192

2,815
1,226
896
693

3,354
1,941
677
736

681
323
199
160

509
245
124
140

173
78
74
20

-1,504
-974
-280
-250

-672 -832
-495 -479
- 5 -276
-172 -77

4,176
2,592
759
826

419
-57
130
346

112
0
12
100

83
0
7
75

-20
(*)
-11

2
0
-1
-1

-18
()
*
-10
-7

327
-57
129
255

102
-53
80
75

122
93
5
24

45
16
5
24

77
77
0

-605
-413
-46
-147

-140
-19
-1
-121

-465
-394
-45
-26

585
267
121
198

2,338
1,293
769
276

278
4
112
161

207
4
60
142

-312
-24
-131
-157

-58
-6
-38
-13

-254
-17
-93
-144

2,372
1,312
788
272

2,914
1,838
579
497

491
226
155
110

400
225
85
90

-561
-217
-101

-530
-477
-3
-50

-350
-85
-214
-51

3,302
2,173
641
488

141
-24
22
143

3
46
38

62
3
31
29

-62
2
-3
-61

-17
2
1
-20

-45
0
-4
-41

116
-29
-21
166

338
156
19
164

69
4
39

65
4
34
26

-20
()
*
-17
-2

-17
0

288
152
-3
140

Developing countries-

Petroleum
Manufacturing
Other

3,702
1,988
379
1,334

282
64
83
135

255
64
64
127

-197
-112
-43
-42

-70
2
-35
-37

3,617
2,036
339
1,241

1,665
810
251
604

192
-7
77
123

165
-7
56
116

-168
-10
-32
-126

Latin America
Petroleum
Manufacturing.
Other

1,215
-214
246
1,183

119
7
50
61

101
7
38
55

-48
4
-23
-29

-45 (

1,144
-225
218
1,150

145
-574
176
543

116
-22
56
82

92
-22
38
75

-144

Other
Petroleum
ManufacturingOther

487
2,202
133
152

162
56
33
73

154
56
26
72

-148
-116
-20
-13

-123
-118
(*)
-5

2,473
2,261
121
91

1,520
1,384
74
61

76
15
20
41

74
15
18
41

-24
-10
-6

(*)

-1

-339

-423 -165

-165

-34

Petroleum
Manufacturing.
Other

International and unallocated.. -335
•Less than $500,000(±).




-127
-114

-3
4

-15 !

-30 I

-26 i

2(
-20 |
-7 '

()
*

-118

-1,005
-487
-304
-213

- 1 -16
-1
-2
- 2 4 -144
-2
-8
- 3 -29
-19 -106

5,593
3,313
964
1,316

1,641
827
206

-19
()
*

-124
0
-23
-101

173
-552
146
579

-5
-2

-19

-3
-16

-3

-5

1,468
1,379
60
28

-4

-30

-224

()
*

SUKVEY OF CURRENT BUSINESS

36
The net capital inflows of $0.7 billion
from transactions with other foreigners
(most of whom were unaffiliated with
the U.S. direct investor) consisted of
inflows of $1.0 billion from sales of
equity, partly offset by outflows of
$0.3 billion for acquisitions. (In contrast, sales and acquisitions were almost equal in 1975.) About threefourths of the inflow from sales was
from sales of U.S. parents' entire equity
interests, largely in the previously
mentioned affiliates in Canada and
France. Almost two-thirds of the outflow for acquisitions was for equity in
new affiliates.

Reinvested earnings
Reinvested earnings are equal to
the difference between incorporated
affiliates' earnings and gross dividends,
or to their earnings multiplied by the
reinvestment ratio—the fraction of
earnings reinvested. To show the por-

tions of changes in reinvested earnings
attributable to changes in earnings,
and to changes in reinvestment ratios,
changes in reinvested earnings are
decomposed into: (1) The change
that would have occurred given the
change in earnings but an unchanged
reinvestment ratio, (2) the change that
would have occurred given the change in
the reinvestment ratio but unchanged
earnings, and (3) a residual interaction
term equal to the product of the
change in earnings and the change in
the reinvestment ratio.4 5
4. When changes in earnings and reinvestment ratios are
small compared with levels of the previous period, the inter
action term will also be small, and the change in reinvested
earnings will be approximated by the sum of the first two
terms. The interaction term is particularly large for petroleum in "other" developing countries because the change
in the reinvestment ratio for that category was extremely
large (table 6).
5. The decomposition is carried out for the three major
industries in six areas—Canada, Europe, "other" developed
countries, Latin America, "other" developing countries, and
"international and unallocated." The results are aggregated
as necessary to obtain all-industry and all-area totals.

August 1977

Reinvested earnings declined 4 percent, to $7.7 billion (table 6). The
decline occurred because reinvestment
ratios declined; earnings increased 9
percent (table 7). Reinvested earnings
rose 26 percent in developed countries
and declined 61 percent in developing
countries. The former was attributable
primarily to increases in earnings and,
to a lesser extent, in reinvestment
ratios; the latter was attributable
primarily to declines in reinvestment
ratios and, to a lesser extent, in
earnings.
Reinvested earnings of petroleum
affiliates declined 64 percent, to $0.7
billion. The decline was caused by
decreases in both earnings and reinvestment ratios, particularly the latter.
The decline in reinvested earnings,
which was centered in "other" developing countries, largely reflected two
developments in Indonesia. First, an

Table 5.—Net Capital Outflows to Incorporated
[Millions of dollars;
1975

Net transactions between U.S. parent and foreigners other than affiliate in which
investment was made 1
Line

For acquisition of

Total
Total

All
Petroleum
Manufacturing
Other
Developed countries
Petroleum
Manufacturing
Other

1,771
56
1,133
581

-44
-41
104
-107

502
9
278
215

1,617
257
831
529

-13
-38
106
-80

436
9
231
197

-19

27
1
6
20

Canada
Petroleum
Manufacturing
Other

250
-56
113

Europe
Petroleum
Manufacturing
Other

419
711
258

2
-39
84
-42

Other
Petroleum
Manufacturing
Other

-21
-106
8
77

10
0
29
-19

535
127
301
107

-25
-3
-2
-20

Developing countries

Petroleum
Manufacturing
Other

Latin America
Petroleum
Manufacturing
Other
Other
Petroleum
Manufacturing
Other
International and unallocated

* Less than $500,000 (±).




-154
-362
178
31

123
76
-381

(*)

353
8
192
153
57
0
34
23

C)

5
-16
-14
-3
-7
-5
-6

46
17

34
13
17

(*)

12
4

Entire
Partial
equity
equity
interest in interest in
affiliates
affiliates

Total

Net
equity

Net intercompany

-546
-50
-174
-322

-389
-19
-135
-235

-157
-31
-39
-87

1,815
97
1,029

1,534
156
845
532

281
-59
184
156

341
9
161
171
16
1
2
13

-450
-47
-125
-277

-314
-17
-104
-192

-136
-30
-21
-85

1,630
295
726
609

1,155
36
656
463

475
259
70
146

-17

-35
0
-4
-31

276
-57
121
212

188
-15
67
137

-42
54
75

-99
-30
-17
-53

1,385
458
627
301

875
51
559
266

510
407
68
35

-1
0

-31
-106
-22

92
0
31
60

-123
-106
-53
36

-52
(*)

-14
-38

(*)

284
8
141
135

-45
0
-4
-42

-90
-3
-49
-39

-68
-2
-31

-22
-1
-18
-3

560
130
303
127

298
55
188
55

262
75
115
72

-59
0
-30
-29

-42
0
-14
-28

-17
0
-16

-143
-362
173
46

160
21
145

-303
-383
28
52

-31
-3
-19
-9

-26
-2
-17
-7

-5
-1
-2
-2

703
492
130
81

138
35

565
457
87
21

-7

(*)

-46
0
-4
-43

42

(*)

-350
-47
-108
-196

-10
-7
-251
-17
-91
-143

41
0
18
23

-7

31
10
32

47

(*)

Total

383
9
193
181

119
0
85
34
95
0
70
26
11
0
4
7

65

-11

C)

For sale of

Equity in Additional
new
equity in
affiliates
existing
affiliates

Total

Net transactions between U.S.
parent and affiliate in which investment was made

(*)

25
7
10

C)

6
3

C)

-1

i

-375

-456

1. Data are classified by country of the foreign affiliate in which investment was made.
Includes transactions in which a U.S. parent acquired or sold equity in one affiliate from
or to another affiliate. However, most of these transactions are with unaffiliated foreigners.

SURVEY OF CURRENT BUSINESS

August 1977

affiliate's postponement of a large
dividend payment from 1975 to early
1976 sharply lowered the reinvestment
ratio—the postponement, which may
have been related to the country's
balance of payments problems, resulted in negative reinvested earnings
by the affiliate in 1976. Second, affiliate
earnings in Indonesia declined substantially.
Reinvested earnings of manufacturing
affiliates increased 20 percent, to $4.1
billion. A 38-percent increase in developed countries more than offset
a 30-percent decline in developing
countries. The increase in developed
countries was centered in Europe—
particularly German affiliates manufacturing transportation equipment—
and was attributable to increases in
both earnings and reinvestment ratios,
especially the former. The decline in
developing countries was centered in

37

Latin America, where both earnings
and the reinvestment ratio declined.
Reinvested earnings of affiliates in
"other" industries increased 12 percent,
to $2.9 billion. A major portion of the
increase was attributable to increased
earnings in developed countries, particularly in Europe; a smaller portion
was attributable to an increase in the
reinvestment ratio in "international
and unallocated.'7

increases reflected moderate improvement in business conditions abroad, and
the increase in the direct investment
position, from which adjusted earnings
are generated. The increase in developing countries was dampened by an
86-percent decline in Mexico—the result of a substantial devaluation of the
peso in August 1976 and its subsequent
floating in October, which led to further
depreciation against the dollar.6 The
dollar value of the peso was reduced by
more than 50 percent; the effects on

Adjusted Earnings
Adjusted earnings—which consist of
the U.S. parents' shares in the earnings
(net of foreign income taxes) of their
foreign affiliates, plus net interest on
intercompany accounts, less foreign
withholding taxes—increased 13 percent, to $18.8 billion (table 8).
Increases were registered in both
developed countries (20 percent) and
developing countries (4 percent). The

6. A devaluation of a foreign currency can lower adjusted
earnings in at least three ways. First, it lowers the dollar
value of a given amount of foreign currency earnings. Second,
it raises the cost to affiliates of imported raw materials and
intermediate products, and lowers the amounts affiliates
receive for goods they export. Third, it results in translation
losses by affiliates that have a net asset exposure with regard
to certain balance sheet items denominated in local currency.
(According to recent changes in accounting rules, these losses
must be carried through the affiliates' income statements.)
All three factors probably contributed to lower adjusted
earnings in Mexico.

Affiliates, by Transactor, 1975-76
inflows (-)]
1976

Net transactions between U.S. parent and foreigners other than affiliate in which investment was made 1
For acquisition of

Total

Net transactions between U.S. parent and
affiliate in which investment was made
Line

For sale of
Net

Total

Equity
in new
affiliates

Total

Additional
equity in
existing
affiliates

Total

Entire
equity
interest in
affiliates

Partial
equity
interest in
affiliates

Total

Net intercompany

equity

1,974
775
917
282

-731
-281
-127
-322

299
78
159
54

189
77
88
25

110
1
81
29

-1,030
-359
-296
-376

-787
-357
-262
-169

-243
-2
-34
-207

2,705
1,057
1,044
604

1,888
247
1,020
620

817
810
24
-16

1
2
3
4

2,323
1,263
663
397

-593
-275
-121
-198

254
78
135
42

164
77
69
18

90
1
66
24

-848
-352
-256
-240

-658
-352
-236
-70

-190
0
-20
-170

2,916
1,538
784
595

1,353
167
808
380

1,563
1,371
-24
215

b
6
7
8

-83
-73
79
-89

-354
-273
-10
-71

87
78
10

77
77
0

10
1
10

-441
350
-20
-71

-392
-350
-16
-26

-49
0
-4
-45

271
200
89
-17

-87
-162
0
75

358
362
89
-92

9
10
11
12

2,139
1,175
561
403

-239
-2
-109
-128

66
18

70
0
47
22

-393
-2
-223
-168

-253
-2
-207
-44

-140
0
-16
-124

2,378
1,177
670
531

1,332
330
749
254

1,046
847
-79
277

13
14
15
16

-14
0
-13

-13
0
-12

-1
0
-1
0

267
161
25
81

109
-1
58
51

158
162
-33
30

17
18
19
20

267
161
24
82

C)

(*)
154

(*)

113
40

(*)
84

(*)

0
-1
1

13
0
12
1

3
0
3
0

10
0
9
1

-270
-496
254
-28

-108
-7
-7
-95

45
0
33
11

25
0
19
6

20
0
14
5

-153
-7
-40
-106

-100
-5
-26
-69

-53
-2
-14
-37

-162
-489
261
67

506
81
214
212

-668
-570
47
-145

21
22
23
24

-8
-217
197
13

-84
0
3
-87

39
0
28
11

23
0
17
6

16
0
11
5

-123
0
-25
-98

-88
0
-21
-67

-35
0
-4
-31

76
-217
193
99

441
81
181
178

-365
-298
12
-79

25
26
27
28

-262
-279

6
0
5

2
0
2

4
0
3

-41

-24
-7
-10
-8

-30
-7
-15
-8

-12
-5
-5
-2

-18
-2
-10
-6

-238
-272
67
-33

65
0
32
33

-303
-272
35
-66

29
30
31
32

-79

-30

0

-30

-30

0

-49

29

-78

33

58

(*)




C)

C)

(*)
0

0

(*)

(•)

SURVEY OF CURRENT BUSINESS

38
adjusted earnings are suggested by the
following quarterly figures:
Adjusted Earnings—Mexico
[Millions of dollars]
Year

II

I

III

IV

1975

455

99

107

113

135

1976

64

127

135

-53

-144

-391

28

28

-166

-279

Change

Adjusted earnings of petroleum affiliates increased 6 percent, to $5.1 billion.
There was an increase in developed
countries (15 percent), and a decrease in
developing countries (3 percent). In
developed countries, increases in Canada
and Japan more than offset decreases in
Belgium and Luxembourg; in developing countries, increases in the Middle
East, largely because of increased crude
oil production, were more than offset by
decreases in Venezuela and Indonesia—

because of nationalization of affiliate
assets in the former and changes in the
terms of production-sharing contracts
with the host government in the latter.
Adjusted earnings of manufacturing
affiliates increased 20 percent, to $7.2
billion. There was a 28-percent increase
in developed countries and a 10-percent
decline in developing countries. The
increase in developed countries was
centered in Germany, particularly in
transportation equipment; it reflected
both general economic recovery in
Germany and a 21-percent increase in
German production of motor vehicles.
Mexican affiliates more than accounted
for the decline in developing countries.
Adjusted earnings of affiliates in
"other" industries increased 13 percent,
to $6.6 billion. There were increases in
both developed countries (10 percent)
and developing countries (22 percent).
Much of the increase in developing
countries occurred because earnings of
unincorporated banking affiliates in the

Table 6.—Reinvested Earnings of Incorporated Affiliates, 1975-76
[Millions of dollars]

Reinvested earnings

Change in reinvested earnings
Portion attributable to 1

1975

1976

Total

Changes in
earnings

Changes in
reinvestment ratios

Interaction

All areas

8,048
2,057
3,451
2,540

7,714
738
4,126
2,850

-334
-1,319
675
310

566
-216
581
201

-1,783
-1,873
-21
111

882
769
115
-2

Developed countries

4,900
816
2,540
1,543

6,176
919
3,498
1,759

1,276
103
958
216

961
94
675
193

176
-33
200
9

140
42
83
16

C anada
Petroleum
Manufacturing
Other
Europe
Petroleum
Manufacturing
Other
Other
Petroleum
Manufacturing
Other

2,173
548
1,106
518

2,459
722
1,208
528

286
174
102
10

245
100
135
10

33
62
-29
1

11
-4
()
*

2,345
142
1,261
943

3,110
33
2,029
1,049

765
-109
769
106

580
-48
492
137

81
-92
199

126
174
82

607
163
261
182

226
37
87
101

136
41
48
47

-3
30
34

27
-1
9
20

3,083
1,241
910
932

1,204
-368
628
945

-1,879
-1,609
-282
13

-382
-309
-94
21

-2,164
-1,930
-221
-13

666
629
32
5

1,621
173
801
647

1,302
227
495
580

-319
53
-306
-67

-127
35
-122
-40

-231
15
-217
-29

38
3
33
2

1,462
1,068
110
284

-98
-595
132
364

-1,560
-1,663
23
80

-255
-344
28
61

-1,933
-1,945
-4
16

628
626
-1
3

66

333

267

-13

205

76

Petroleum
Manufacturing
Other

Petroleum
Manufacturing
Other

Developing countries

Petroleum
Manufacturing
Other
/
Latin America
Petroleum
Manufacturing
Other....
Other
Petroleum
Manufacturing
Other

'..

International and unallocated.
"Less than $500,000 ( ± ) .
1. See text for explanation.




105
31
78
-4

August 1977

Caribbean increased sharply; this reflected the increasing use of these
affiliates by U.S. banks to lend funds
abroad.
The adjusted earnings rate of return
is the ratio of adjusted earnings to the
average of the beginning-of- and endof-year direct investment positions. The
rate of return was 14 percent in 1976,
essentially unchanged from 1975. By
industry, it was 18 percent in petroleum,
12 percent in manufacturing, and 15
percent in "other" industries—in each
case about the same as in 1975.
It should be noted that the position
includes short-term trade-related intercompany loans to incorporated affiliates
on which no interest is typically received, and thus for which no return
is reflected in adjusted earnings; this
lowers the rate of return. Also, in some
instances the accounts receivable of
unincorporated affiliates are transferred
to their U.S. parents for collection;
this reduces the parent's position in the
affiliates (which, for an unincorporated
affiliate, is equal to the net assets of the
affiliates), but does not affect adjusted
earnings. In such instances, the rate of
return increases or, if the position becomes negative, is undefined.
The transfer of accounts receivable
particularly affects the rate of return
for petroleum affiliates in developing
countries, many of which are unincorporated. Although the accounts receivable of these affiliates are often
transferred to their U.S. parents, their
liabilities—principally for taxes and
royalties—generally remain with the
affiliate. The effects of these practices on
rates of return are evident from the
figures in table 8: In both 1975 and
1976, the direct investment position in
these affiliates was reduced to such an
extent that the rate of return exceeded
100 percent; in "other" developing
countries, the position was actually
negative, and the rate of return undefined. Although the rate of return for
petroleum affiliates in developing
countries was extremely high, these
affiliates accounted for only a small
proportion of the position in petroleum;
consequently, the rate of return in
petroleum for all areas combined was
much closer to that for developed

SUEVEY OF CUEEENT BUSINESS

August 1977

Table 7.—Dividend Payout Ratios of Incorporated Affiliates, 1975-76
[Millions of dollars, or ratio]
1975

Earnings

1975

1976

Gross
dividends

Payout ratio (gross
dividends/earnings)

Gross
dividends

Earnings

1976

0.38
.37
.41
.33

0.45
.75
.41
.31

12,890
3,248
5,845
3,798

4,842
1,191
2,394
1,257

14,089

2,959
7,025
4,105

6,375
2,220
2,899
1,255

Developed countries
Petroleum
Manufacturing
Other

8,532
1,658
4,558
2,316

3,632
842
2,018
773

10,118
1,611
5,854
2,653

3,941
692
2,356
893

.39
.43
.40
.34

Canada
Petroleum
Manufacturing
Other

3,029
746
1,629
653

856
198
523
135

3,376
883
1,827
665

916
161
619
137

.27
.18
.34
.21

Europe
Petroleum
Manufacturing
Other

4,708
722
2,519
1,467

2,362
580
1,259
523

5,658
477
3,503
1,679

2,548
443
1,475
630

.45
.93
.42
.38

Other
Petroleum
Manufacturing
Other

796
189
410
197

414
63
236
115

1,084
251
524
309

477
88
263
126

.44
.35
.50
.41

Developing countries
Petroleum
Manufacturing
Other

3,969

1,490
1,287
1,192

886
249
376
261

3,529
1,139
1,171
1,220

2,325
1,507
543
275

.66
1.32
.46
.23

Latin America
Petroleum
Manufacturing
Other

2,161
244
1,091
826

539
70
290
179

1,993
293
925
775

691
66
430
195

.35
.23
.46
.25

Other
Petroleum
Manufacturing
Other

1,809
1,247
196
366

347
179
86
82

1,536
846
246
445

1,634
1,440
113
80

1.06
1.70
.46

389

323

441

108

.24

All areas
Petroleum
M anufacturing
Other

International and unallocated

.18

Table 8.—Adjusted Earnings Return on U.S. Direct Investment Abroad, 1975-76
Percent rate of return l

Millions of dollars
1975
All areas
Petroleum
M anufacturing
Other

1975

1976

1976

18,841

5,072
7,185
6,583

14.2
20.1
11.2
14.6

14.4
18.1
12.3
14.9

Developed countries
Petroleum
Manufacturing
Other

9,509
1,642
4,634
3,232

11,393
1,881
5,954
3,558

10.9
8.5
10.6
13.5

11.9
8.5
12.5
13.4

Canada
Petroleum
Manufacturing
Other

3,412
852
1,628

3,836
1,002
1,836
998

11.5
14.3
11.6
9.6

11.8
15.0
12.0
9.5

Europe
Petroleum
Manufacturing
Other

4,989
523
2,590
1,876

6,107
532
3,582
1,993

10.6
4.9
10.4
16.3

11.6
4.3
13.1
15.4

Other
Petroleum
Manufacturing
Other

1,108
268
416
424

1,451
347
536
568

11.0
9.9
9.0
15.3

13.4
12.0
11.0
18.5

Developing countries

6,703
3,071
1,364
2,268

6,967
2,969
1,231
2,768

29.1
288.5
13.9
18.7

25.2
109.9
11.3
19.7

3,221
427
1,160
1,634

3,400
449
981
1,970

15.5
12.4
14.4
17.6

14.9
14.3
11.0
18.3

3,481
2,643
204
634

3,567
2,520
250
797

156.8

404

480

5.6

____;_:

Other
Petroleum
Manufacturing
Other
International and unallocated

11.5
22.5

1. Adjusted earnings divided by the average of the beginning-of- and end-of-year direct investment positions.
2. Rate of return not defined because of negative direct investment position.




)

countries than to that for developing
countries.
To the extent that U.S. parents, in
turn, extend credit to incorporated
affiliates engaged in refining and distribution in developed countries, the
position in these affiliates is increased,
and the rate of return lowered. This
effect generally is less pronounced than
the one discussed in the preceding
paragraph, principally because only
part of the oil sold by affiliates in
developing countries is purchased by
affiliates in developed countries. (Some
is imported into the United States,
and some is purchased by foreigners not
affiliated with the U.S. parent
companies.)
Rates of return in petroleum also
reflect intercompany pricing and other
practices that tend to shift profits
(largely for tax reasons) from developed
to developing countries. Because these
intercompany transactions systematically raise the rate of return in one area
and lower it in another, the rate of
return figures for petroleum affiliates in
specific areas are less indicative of the
rate of return on invested capital in
petroleum than is the figure for all
areas combined.
Current-Account Items

16,615
4,795
5,998
5,822

Petroleum
Manufacturing
other
Latin America
Petroleum
Manufacturing
Other

39

74.0
12.4
24.6
6.8

Receipts of income
Receipts of income from U.S. direct
investment abroad consist of net dividends of incorporated affiliates and net
interest on intercompany debt, both
after foreign withholding taxes, and
earnings of unincorporated affiliates.
Alternatively, they are adjusted earnings less reinvested earnings (table 9).
Income receipts rose 30 percent, to
$11.1 billion (table 10). Dividends rose
$1.3 billion, interest $0.1 billion, and
earnings of unincorporated affiliates
$1.2 billion.
Income receipts increased 13 percent
in developed countries and 59 percent
in developing countries. More than
half of the increase in developed
countries was in Europe, where the
increase was centered in manufacturing.
Approximately three-fourths of the
increase in developing countries was
in "other" developing countries, where
the increase—nearly all in petroleum—

SUEVEY OF CURRENT BUSINESS

40
Table 9.—Adjusted Earnings and Related
Items: Derivation and Relationship

1973. According to information provided by the company to BEA at that
[Millions of dollars]
time, these deposits were treated by the
1976 amount and
company as having been made in anticisource
pation of the issuance of capital shares
by the company to implement, in corpo1. Earnings of incorporated affiliates. 14,089 Reported
2. Earnings of unincorporated affilirate form, the provisions of a general
4,754 Reported
ates
18,843 =1+2
3. Earnings
_.
agreement between the company and
6,374 =5+6
4. Gross dividends (on common and
preferred stock).
the host government concerning their
749 Derived
5. Foreign withholding tax on dividends.
future relationship. Accordingly, BEA
5,625 Reported
6. Dividends.
747 Reported
7. Interest
classified the deposits as foreign direct
7,714 =1-4 or
8. Reinvested earnings
10-9
investments in the United States. In the
11,127 =2+6+7
9. Receipts of income
or 10-8
revised accounts, the host government
18,841 =3-5+7
10. Adjusted earnings
or 8+9
is considered to have made deposits
toward the eventual purchase of subNOTE.—"Reported" refers to universe estimates derived
from reported sample data.
stantially all of the assets of the U.S.
company's foreign branch and therefore,
resulted primarily from the previously
the deposits and subsequent related
mentioned dividend payment from Intransactions are included in the data for
donesia and, to a lesser extent, from
U.S. direct investment abroad. This
increased crude oil production. The
revision in classification corresponds to
increase in Latin America, which aca change in the treatment of the decounted for the remainder of the
posits on the books of the U.S.
increase in developing countries, recompany, which, in turn, reflects the
sulted largely from increased earnings
company's negotiations to date with
of branch banks in the Caribbean.
the host government. The company
Fees and royalties
now believes that the host government
Fees and royalties were $3.5 billion
in 1976, essentially unchanged from
1975 (table 11). Royalties and license
fees—payments for the sale or use of
intangible property, such as patents,
processes, trademarks and copyrights—
increased 3 percent. "Other" fees—
management fees, service charges, film
and television tape rentals, and rentals
for the use of tangible property—
declined 5 percent.

August 1977

will acquire virtually all the producing
assets of the branch.
Before revision, the deposits by the
host government were included in net
capital inflows for foreign direct investment in the United States and in the
foreign direct investment position. In
the revised accounts, they are excluded
from these items and instead affect net
capital outflows for U.S. direct investment abroad and the U.S. direct investment position abroad. However, the
precise amount of the effect depends on
the disposition by the U.S. company of
the financial assets received as a deposit
for the producing assets; it is not
known whether the funds received
remained in the United States or all or
part of them were transferred, in one
form or another, to the foreign branch.
Net capital outflows for U.S. direct
investment abroad were further revised
to include changes in what were previously considered intercompany liabilities owed to the host government by the
U.S. company for imputed dividends
not paid. These liabilities are now con-

Table 10.—Receipts of Income on U.S. Direct Investment Abroad, 1975-76
[Millions of dollars]
1975

1976

Major revisions to the direct investment data were made (1) for the years
1973-76, because of changes in treatment of transactions and imputations
involving a U.S.-incorporated petroleum company, its foreign branch and
the foreign host government, and (2) for
the years 1966-76, because of a change
in the U.S. company's method of reporting to BEA. Because of confidentiality requirements, the description of
the revisions given below does not
quantify the adjustments.
The first revision relates to certain
deposits made by the host government
to the U.S. company, beginning in late




Dividends

Earnings
of unincorporated
affiliates

8,567
2,738
2,547
3,282

662
152
227
283

4,361
1,087
2,113
1,160

3,544
1,498
207
1,839

Developed countries

Technical Note

Interest

Petroleum
Manufacturing
Other

4,609
826
2,094
1,690

443
128
168
148

Canada
Petroleum
Manufacturing
Other

1,239
303
522
414

160
6
56

3,253
763
1,789
702
744
172
455
117

Europe
Petroleum
Manufacturing
Other

2,643
381
1,330
933

221
97
98
26

Other
Petroleum
Manufacturing
Other

727
142
242
343

Developing countries

Petroleum
Manufacturing
Other

Earnings
of unincorporated
affiliates

Interest

Dividends

11,127
4,334
3,059
3,734

747
209
248
291

5,625

913
-65
138
840

5,217
962
2,456
1,798

501
158
191
152

3,536
635
2,090
811

1,180
170
175

335
125
12
199

1,376
279
628
469

173
11
70
92

797
140
538
119

406
128
19
259

2,149
536
1,129
484

273
-252
103
422

2, 996
499
1,553
944

272
132
107
33

2,325
419
1,323
582

400
-52
123
328

62
24
14
23

360
55
205
100

305
62
23
220

844
184
275

56
15
14
28

415
76
228
110

374
93
33
248

3,619
1,829
453
1,337

181
18
59
104

786
225
325
236

2,653
1,587
69
997

5,763
3,337
603
1,823

199
29
57
113

1,981
1,270
465
246

3,583
2,038
81
1,464

Latin America
Petroleum
Manufacturing
Other

1,600
254
359
987

129
4
52
73

469
63
247
159

1,002
187
59
755

2,098
222
486
1,390

144
3
49
91

594
60
364
170

1,361
160
72
1,128

Other
Petroleum
Manufacturing
Other

2,020
1,575
95
350

52
14
7
31

1,651
1,400
10
241

3,665
3,115
117
433

55
26
7
22

1,388
1,211
101
76

2,222
1,878
8
336

338

38

316
161
78
77
322

Total

All areas

Petroleum
Manufacturing
Other

International and unallocated

-22

Total

147

1,927
2,555
1,143

107

4,754
2,198
256
2,300

SURVEY OF CURRENT BUSINESS

August 1977

41

Table 11.—Direct Investment Receipts of Fees and Royalties, 1975-76 1
[Millions of dollars]
1975

PetroTotal leum

All areas
Royalties & license
fees
Other

1976

Manufacturing
Chemicals Ma- Transportation
Total and allied chinOther
products
ery equipment

PetroTrade Other Total leum

Manufacturing
Chemicals Ma- Transportation
Total and allied chinOther
products
ery equipment

Trade Other

3,543

343

2,098

439

837

194

627

186

916

3,522

368

2,100

448

866

222

564

182

872

1,886
1,657

16
327

1,573
525

317
122

837
1

34
160

385
242

142
44

155
761

1,949
1,573

13
356

1,619
481

326
122

897
-31

37
185

359
205

134
49

184
687

2,770
1,707
1,063

167
11
156

1,887
1,450
437

382
276
106

798
806

175
25
149

533
344
190

146
122
25

569
124
445

2,793
1,786
1,007

159
8
151

1,918
1,504
414

405
288
117

863
-35

201
31
170

483
322
161

143
115

573
160
414

566
198

39
2
37

400
182
218

60
37
23

114
85
29

120
5
115

106
55
51

23
9
13

105
5
100

633
228
405

27
(*)
27

451
211
241

63
38
25

121
98
23

151

116

124
5
119

Europe
_. 1,765
Royalties & license fees. _. 1,240
Other...
525

109
9
100

1,199
1,045
155

271
202
69

556
609
-53

41
14
27

332
220
112

95
100
262

1,700
1,251
449

115
7
108

1,145
1,037
107

285
208
77

543
624
-81

281
194
87

360
133
227

250
185
65

513
587

35

288

978
107

276
34
242

1,471
1,090
381

1,043
972
71

264
191
73

499
599
-100

246
171

Developed countries
Royalties & license fees
Other
C anada
Royalties & license fees...
Other

European Communities
1,532
(9)
Royalties & license fees. 1,090
443
Other
Belgium & Luxembourg
126
Royalties & license
89
fees
Other
37

105

65

75
30

(*)
(*)

France
Royalties & license
fees
Other

266

201

87

253
13

237
-36

143
-55

Germany
Royalties & license
fees
...
Other....

307

Italy
Royalties
fees
Other

253
54

(*)
17

238
236
2

183
-39

118
102
16

Netherlands...
_.
Royalties & license
fees
Other
United Kingdom
Royalties & license
fees
Other
Denmark and Ireland..
Royalties & license
fees
Other

70

83

74
-4

77
471

Other
Royalties & license fees.
Other

39

223
171
52

Australia, New Zealand,
and South Africa
Royalties & license fees..Other

(*)

116
21
1

107
97
10

115

73

102
13

75
2

41
7

170
-2
312

127

472

55

21

(*)

17
36
-20

15

33
14
64

(*)
90

19

232
81

18

43

14
4

33
10

()
*
2

17
6

1
1

(*)

44

20
17
3

85
66
20

229
162
67

16
()
*
16

101
65
36

44
25
19

(*)

257
204
53

()
*

215
190
24

143
125
18

107
65
42

22
16
5

22
286
22
264

9
12
-3

(*)

(D)
2

12

15
1
2

15
(*)

24
17
6
13
13
(*)

114
66
48

)
18

202
103
100

333
30
302

680
155
525

194
5
189

182
115
67

37
34
4

169
9
159

299
103
196

44
4
40

125
77
48

19
16
3

10
-3

123
12
111

76
55
21

9
10
-1

-1
4
-5

13
1
12

722
173
549

157
4
152

211
123

Latin America
Royalties & license fees....
Other

376
115
262

44
2
41

151
91
60

20
17
3

Of which Mexico
Royalties & license fees.—.
Other

114
72
42

1

99
65
33

12
13
-1

Other Africa
Royalties & license fees....
Other

97
19
79

54
(*)
54

(*)

Middle East
Royalties & license fees....
Other

130
4
125

28

(*)

Other Asia and Pacific
Royalties & license fees.— .
Other

118
35
83

30
2
29

International and unallocated.
Royalties & license fees
Other

51
6
45

19
(*)

(*)

(*)
(*)

13
12
1
(*)
5
-5

2
1
1
17
13
4

(*)
(*)
(*)

(*)

3
li

(*)

14
1
13

(D)

(*)

34
17
16

(*)

0

*Less than $500,000(±). D Suppressed to avoid disclosure of data of individual companies.
1. Royalties and license fees consist of payments for the sale or use of intangible property




152

12
-7

(*)

2
4

(*)

43
22
21

174
157
16

()

253
-13

(*)
(D)

267
205

(*)

(*)

114
66
47
(*)
(D)

22

1

14
4

(*)

106

137

18

216
99
118

Developing countries
Royalties & license fees
Other

335
241
94

233
150
83

Japan
Royalties & license fees....
Other

31

135

9
-5

-2
52

102
68

29

-19

273
198
43
29
14

72

240

108
44

21

140
-62

296

44
(*)

211
-45

270
26

(*)

166

225
-2

69
-2

161

(*)

223
14
-4

272
54
218

68

85
31

12
-4

67

(*)
10

157

& license
109
49

7
—2
74

144

(*)
(D)

116

(*)

57
56
(*)

1
1
(*)
7
2
4
18
5
13

7
81

93
(*)
93

172
5
167

47

37
3
34

120
40

44

(*)

59

C)

59

47

43
16
(*)
15

(*)
(*)

(*)

(*)
(*)
(*)

()
(*)

(D)
4
1
2

15
17
-2

2

(*)
(*)
(*)

(*)

()

(D)

(*)
(D)

2
8

20
5
14
115
1
114
28
4
25
12
2
10

such as patents, processes, trademarks and copyrights; "other" fees consist of management
fees, service charges, film and television tape rentals, and rentals for tangible property.

SURVEY OF CUEEENT BUSINESS

42

August 1977
Table 12.—U.S. Direct Investment
[Millions

1968

1967

1966

1969

1972

1971

1970

1973

1974

1975

1976

Line
Direct investment position
1
9

3
4
5
6

7
8
9
10
11

12
13
14
15

16
17
18
19

20
21
22
23

24
25

51,792
13,893
20,740
17,160

56,560
15,166
22,803
18, 591

61,907
16, 574
25,160
20,174

68,093
17,612
28,332
22,149

75,480
19,754
31,049
24,677

82,760
21,794
34, 359
26,607

Developed countries
Petroleum
M anufacturing
Other

35,290
7,661
17,214
10, 415

38,708
8,493
18,912
11,303

42,088
9,159
20,721
12, 208

46,658
9,859
23,285
13,513

51,819
11,205
25,572
15,042

Canada
Petroleum
Manufacturing
Other

15,713
3,171
6,697
5,845

16,703
3,372
7,059
6,272

17,952
3,625
7,535
6,792

19,578
3,881
8,404
7,293

- --

16,390
3,627
8,906
3,858

18, 231
4,158
9,867
4,206

19, 851
4,434
10,940
4,478

--

3,187

3,774

All areas
Petroleum -Manufacturing _
Other

-

-

.-

- - --

Europe
Petroleum
Manufacturing
Other

-

137 244
29,713
61,062
46,470

72,214
15,911
36,550
19,753

83,025
18,334
41,973
22,719

90,923
20,358
45,427
25,139

101 150
23,662
49,699
27,789

21,015
4,337
8,971
7,708

21, 818
4,643
9,504
7,671

22,985
4,764
10,491
7,730

25, 541
5,320
11,755
8,467

28,404
5,731
13,450
9,223

31,038
6,220
14,691
10,126

33 927
7,153
15,984
10,791

22, 246
4,756
12,372
5,118

25, 255
5,481
13, 819
5,955

28,654
6,247
15,628
6,779

31,696
6,872
17,529
7,295

38,255
8,524
20,777
8,954

44,782
9,960
23,990
10,832

49,533
11,393
26,013
12,127

55,906
13,445
28 702
13, 759

4,284
1,100
2,247
938

4,834
1,223
2,509
1,102

5,549
1,387
2,783
1,379

6,478
1,654
3,188
1,636

7,378
1,906
3,538
1,934

8,417
2,066
4,019
2,332

9,839
2,642
4,533
2,664

10,352
2,744
4,722
2,886

11,316
3 064
5,013
3,239

13,866
5,051
3,525
5,290

14,905
5,289
3,891
5,725

16,497
5,852
4,439
6,206

17,627
6,032
5,047
6,548

19,192
6,644
5,477
7,072

20,719
7,027
6,038
7,654

22,274
7,376
6,767
8,130

22,904
6,074
7,820
9,010

19,812
-390
9,200
11,002

26,222
2,519
10,459
13,244

29,050
2,882
11,362
14,806

10, 290
2,391
3,238
4,661

11,342
2,551
3,723
5,068

12,039
2,533
4,202
5,304

12,961
2,703
4,541
5,717

14,013
2,939
4,995
6,080

14, 897
2,979
5,620
6,297

16,484
3,043
6,456
6,984

19, 491
3,564
7,541
8,386

22,101
3,324
8,562
10,215

23,536
2,940
9,242
11,354

4,615
2,898

5,154
3,300

5,587
3,499

6,231
3,941

716

845

936

1,064

1,138

1,244

1,354

6,706
4,088
1,044
1,574

7,377
4,397
1,147
1,833

6,420
3,030
1,363
2,027

321

653

-3,954
1,658
2,616

4,121
-805
1,896
3,029

2,120
3,452

2,635

International and unallocated

963

1,986
824

552
967

Other
Petroleum
Manufacturing
Other

-

863

9,752
2,456
2,973
4,323

---.......

Latin America
Petroleum
Manufacturing
Other

33

124,212
26,200
55,886
42,126

4,114
2,595

Developing countries
Petroleum
Manufacturing
g
Other

29
30
31
32

110,172
21,548
51,172
37, 452

1,611
712

Other
Petroleum
Manufacturing
Other

26
27
28

101,313
24,951
44,370
31,992

56,950
12,544
28,320
16,086

89,878
23,385
38,325
28,168
62,060
13, 542
31, 558
16,959

2,947

3,323

3,809

4,469

5,091

5,545

6,196

7,335

7,067

7,044

5,514
-59

Receipts of income
34
35

36
37
38
39
40
41
42

43
44
45
46

3,467
1,339
950
1,177

-

Canada
Petroleum
Manufacturing _
Other

49
50
51
52
53

Other. . .
Petroleum
Manufacturing
Other

54
55
56
57
58
59
60
61

Latin America
Petroleum
Manufacturing
Other.. . .

62
63
64
65

Other
Petroleum
M anufacturing
Other

66

4,992
1,881
1,605
1,507

5,983
2,457
1,696
1,830

6,416
2,739
1,910
1,767

8,384
3,792
2,472
2,120

11,379
5,244
2,748
3,387

8,567
2,738
2,547
3,282

11,127
4,334
3,059
3,734

1,579
116

1,657
127

1,846
162

851
679

920
765

2,436
216
1,357

2,775
288
1,437
1,050

2,911
204
1,621
1,086

3,875
499
2,119
1,257

4,892
776
2,328
1,789

4,609
826
2,094
1,690

5,217
962
2,456
1,798

691

733

641

818
546

850
613

.

.. . .

_- _ -

_-

------

108
231
352

123
178
341

150
278
391

121
311
416

977

130
224
379

135
351
309

196
442
339

1,180
252
506
423

1,239
303
522
414

1,376
279
628
469

730
5

1,266
36

520

602

1,505
127

526

735
-7

955
29

453

901

922

200

200

222

323

328

456

1,686
10
1,084
591

2,244
196
1,358
690

2,945
360
1,534
1,051

2,643
381
1,330
933

2,996
499
1,553
944

157
3
93
62

251
10
140
101

351
29
178
144

727
142
242
343

844
184
275
385

2,340
1,496
248
596

6,086
4,230
421
1,436

3,619
1,829
453
1,337

5,763
3,337
603
1,823

1,120

2,652
1,684
206
762
1,237

654
107
319
228
4,272
3,138
353
781
1,520

767
165
288
315

2,171
1,382
168
621

422
40
204
178
2,712
1,895
258
559

430
59
186
185

1,946
1,229
132
584
1,017

190
4
108
78
2,430
1,580
203
646
1,186

2,036

1,600

2,098

437

.

459

472

440

667

98
280
288

819

848

967
316

1,061

171
626

205
447

208
431

422

. . .

.

International and unallocated

.

108
472

. -.

929
793
24
113

1,051
923
27
100

1,244
1,108
40
96

1,415
1,244
35
136

1,372
1,180
43
149

1,651
1,473
50
128

69

97

65

320

217

495

141
521

164
550

l.For 1966, the data are as reported in the 1966 census of U.S. direct investment abroad,
except for net capital outflows, which include only the data of companies that filed in both the




863

151
6
85
59

-

Developing countries
Petroleum
Manufacturing
Other

47
48

4,819
1,997
1,126
1,696

637
-16

.

Europe
Petroleum
Manufacturing . . .
Other..

.

4,152
1,735
1,055
1,362

665

Developed countries
Petroleum
M anufacturing
Other

3,847
1,559
1,018
1,270

1,452
88

All areas
Petroleum
Manufacturing
Other

795

3,079
2,213
289
576
915
227

254

222

236
452

275
595

343
1,026

359
987

486
1,390

2,164
1,987
53
124
427

2,752
2,488
78
186

4,050
3,563
77
410

2,020
1,575
95
350

3,665
3,115
117
433

237

401

338

147

1966 sample survey and the 1966 census.

650

SURVEY OF CURRENT BUSINESS

August 1977

43

Abroad, Selected Items, 1966-1976 1
of dollars]
1966

1967

1968

1969

1970

1971

1972 1973

1974

1975

1976

1966

1967

1968

1969

1970

1971 1972

1973

1974

1975

1976
Line

Reinvested earnings

Net capital outflows
3,625 3,050 2,855 3,130
864
787 1,079 1,149
946 1,210
1,611 1,224
760 1,056
1,227
746

4,413
1,624
1,263
1,527

4,441
1,643
1,564
1,234

3,195 1,368 6,264 4,596
-331 -5,085 2,918 2,409
928
1,863 2,861 1,301
1,663 3,592 2,045 1,259

1,791
156
918
717

1,757
206
845
707

2,440
248
1,357
836

2,830
29
1,987
814

3,176
575
1,528
1,073

3,176
421
1,796
959

4,532
356
2,830
1,346

8,158
1,925
4,107
2,126

7,777
1,719
3,936
2,122

8,048
2,057
3,451
2,540

7,71
738
4,126
2,850

2,898 3,354
1,211 1,941
677
921
736
765

1,206
45
719
442

1,266
90
729
447

1,699
64
1,116
519

2,344
62
1,665
616

2,141
270
1,206
665

2,538
254
1,499
785

3,692
390
2,396
906

6,177
1,240
3,488
1,449

5,526
1,116
3,174
1,236

4,900
816
2,540
1,543

6,176
919
3,498
1,759

102
-53
80
75

627
85
285
257

650
91
334
224

834
108
442
285

1,002
111
610
280

699
159
339
201

1,023
234
574
214

1,379
276
770
333

1,867
452
1,008
406

2,214
530
1,298
385

2,173
548
1,106
518

2,459
722
1,208
528

10
11
12

2,338 2,914
1,293 1,838
579
769
497
276

414
-65
338
141

423
-42
285
180

617
-86
514
189

1,054
-103
870
286

1,136
49
679
407

1,215
-52
747
520

1,891
18
1,366
507

3,507
575
2,071
861

2,768
434
1,586
748

2,345
142
1,261
943

3,110
33
2,029
1,049

13
14
15
16

338
156
19
164

165
25
96
44

193
41
110
43

248
42
161
44

288
54
185
50

306
62
187
57

300
71
178
51

422
96
259
67

804
213
409
182

544
151
290
103

381
126
174
82

607
163
261
182

17
18
19
20

816 -852 -4,609 3,702 1,665
810
329 -1,749 -6,881 1,988
251
323
443
670
379
604
164
454 1,602 1,334

427
68
199
160

297
33
116
148

480
51
240
188

420
-62
321
161

601
71
322
208

557
102
297
158

795
42
435
319

1,568
494
619
454

1,841
423
762
655

3,083
1,241
910
932

1,204
-368
628
945

21
22
23
24

145
-574
176
543

309
23
174
113

202
11
83
108

361
19
209
132

331
-51
263
118

453
41
259
153

373
26
246
101

645
20
364
262

991
155
476
360

1,109
95
568
446

1,621
173
801
647

1,302
227
495
580

25
26
27
28

3,214
1,297
1,163
754

3,810
1,109
1,420
1,280

5,273
1,338
2,191
1,744

376
-96
227
245

581
106
148
327

643
-110
410
344

984 1,197 1,894 2,209 1,139
358
261
676
822
588
543
587
787 1,091
528
83
349
430
296
23

3,070
1,057
1,225
788

3,793
1,023
1,602
1,169

415
105
85
225

159
-53
47
165

836
425
179
231

3,064 2,198 1,627 2,044 3,071 2,895 1,989
743
736
595
487 1,083 1,097
648
924 1,106 1,280
840
638
1,374
960
502
393
633
883
518
501
948
985
113
439
433

372
106
11
255

384
147
-4
241

1,835 1,435
593
574
851
684
392
177

258
90
99
70

244
37
84
124

391
56
265
70

499
-4
237
265

734 1,126
222
506
308
264
313
247

582
152
260
170

265
75
76
114

763
301
234
228

64
73
-39
29

623
202
228
193

738 1,116 1,005
249
590
293
286
157
284
202
368
428

474
156
85
233

272
21
288
-37

654
-54
360
348

419
-57
130
346

141
-24
22
143

2,208 1,215
418 -214
565
246
1,225 1,183

303
-107
187
223

311
-76
197
191

708
141
275
292

385
32
215
138

579
136
132
311

696
210
228
258

196
104
50
42

423
298
68
57

419
365
33
21

352
217
71
64

537
455
25
57

309
82
56
170

544 -1,507 -6,817 2,487 1,520
308 - 1 , 695 -7,299 2,202 1,384
74
35
83
105
133
61
201
106
377
152

118
45
25
47

96
22
33
41

119
32
31
56

89
Y2,
58
43

148
30
63
55

183
77
50
56

150
21
71
58

576
339
143
94

732
329
194
209

1,462
1,068
110
284

-595
132
364

20
30
31
32

62

117

102

348

226

541

409

-423

157

194

261

67

434

81

45

413

410

66

333

33

16,483 19,142 16,434 18,843
5,671 6,959 4,746 5,157
6, 674 6, 774 6,052 7,281
4,137 5,410 5,637 6,405

34
35
36
37

238

704

-335

Earnings

Adjusted earnings

5,259
1,496
1,868
1,895

5,605
1 765
1 863
1 977

6,592
1 983
2 411
2 198

7,649
2,026
3,113
2,510

8,169 9,159 10,949
2,456 2,878 3,095
3,133 3,492 4,740
2,580 2,790 3,113

16,542
5,717
6,579
4,246

19,156 16,615 18,841
6,963 4,795 5,072
6,684 5,998 7,185
5,509 5,822 6,583

5,230
1,482
1,909
1,839

5,522
1,751
1,860
1,912

6,486
1,963
2,395
2,128

7,485
1,996
3,071
2,418

8,023
2,405
3,141
2,477

9,002 10,800
2,835 3,063
3,517 4,761
2,649 2,976

2,660
133
1,537
990

3,357 4,190
224
192
1 968 2,585
1 198 1,381

4,577 5,313 6,603
485
594
541
2,563 2,937 4,017
1,528 1,835 1,992

10,052

10,418 9,509 11,393
1,891 1,642 1,881
5,502 4,634 5,954
3,025 3,232 3,558

2,664
125
1,580
958

2,792
189
1,583
1,020

3,277
164
1,954
1,159

4,065
180
2,557
1,328

4,458
404
2,579
1,475

5,181
460
2,964
1,757

6,465
502
4,036
1,927

9,975
1,626
5,691
2,658

10,383
1,773
5,596
3,015

9,445
1,593
4,696
3,156

11,298
1,780
6,030
3,488

38
39
40
41

1,294
183
565
546

2,845
206
I 579
1 060
I 341
199
565
576

1 567 1,643
234
237
665
788
621
664

309
617
592

1,871
355
885
630

2,174
411
1,121
642

2,844
648
1,450
746

3,394
782
1,804
808

3,412
852
1,628
932

998

1,287
188
583
516

1,301
201
558
542

1,514
239
649
625

1,570
236
7G6
568

1,452
303
605
543

1,803
354
882
568

2,113
416
1,110
587

2,795
659
1,449
687

3,344
796
1,811
738

3,364
871
1,641
852

3,782
1,011
1,847
924

42
43
44
45

1,050
-81
791
341

1 153 1 352 2,008
-74
-37
-93
811 1 033 1,473
610
379
412

2,401
85
1,581
735

2,721
75
1,670
976

3,577
28
2,451
1,098

5,751
771
3,429
1,551

5,713
794
3,120
1,799

4,989 6,107
523
532
2,590 3,582
1,876 1,993

1,062
-90
809
342

1,141
-52
817
376

1,329
-116
1,033
412

1,971
-104
1,466
609

2,374
33
1,605
736

2,680
14
1,693
972

3,530
-47
2,478
1,098

5,733
678
3,487
1,568

5,738
693
3,188
1,857

4,981
470
2,623
1,889

6,058
425
3,626
2,007

46
47
48
49

539
64
325
150

658
91
366
201

722
111
381
229

852
155
445
252

1,458
320
728
410

1,311
316
578
418

1,108
268
416
424

1,451
347
536
508

315
28
187
100

351
40
208
103

435
41
272
122

523
49
324
150

632
67
369
190

92
389
217

823
133
448
242

1,447
290
754
403

1,301
284
598
419

1,100
252
432
416

1,457
344
557
556

50
51
52
53

2,373
1,297
331
744

2,469 2, 909 3,072 2,941
1,415 1 632 1,622 1,567
284
444
570
528
805
769
834
923

3,269
1,997
555
717

3,874
2,255
724
895

5,840
3,632
972
1,235

7,927
4,653
1,183
2,091

6,703 6,967
3,071 2,969
1,364 1,231
2,268 2,768

2,352
1,297
330
725

2,452
1,424
277
751

2,889
1,641
441
807

3,044
1,640
515
889

2,926
1,601
562
763

3,264
2,047
554
663

3,888
2,327
725
836

5,882
3,719
983
1,180

7,998
4,811
1,178
200

6,623
3,078
1,356
2,189

7,112
3,176
1,252
2,684

54
55
56
57

1,326
460
282
584

1,322 1,546 1,568
389
470
492
434
224
373
744
628
682

1,421
357
464
600

1,434
447
455
532

1,560
247
600
713

2,511
805
751
955

3,145
762
912
1,471

3,221
427
1,160
1,634

3,400
449
981
1,970

1,306
461
278
567

1,297
472
215
611

1,519
494
366
659

1,526
393
419
715

1,375
359
454
562

1,384
447
452
485

1,509
248
599
662

2,479
813
759
907

3,005
765
907
1,393

3,163
431
1,150
1,582

3,354
453
997
1,904

58
59
60
61

1,047
838
49
160

1,147 1,363 1,504
946 1,140 1,232
93
60
70
179
141
152

1,521
1,210
106
205

1,834 2,314
1,550 2,008
100
124
184
182

3,328
2,827
221
280

4,782
3,892
271
619

3,481
2,643
204
634

3,567
2,520
250
797

1,045
836
51
158

1,154
952
62
140

1,370
1,147
75
148

1,517
1,247
96
175

1,551
1,242
108
201

1,880
1,600
102
178

2,379
2,079
126
174

3,404
2,906
224
273

4,933
4,046
271
617

3,460
2,647
206
607

3,758
2,723
254
780

62
63
64
65

650

811

404

480

215

278

319

376

639

557

448

625

761

367

433

66

316
31
181
104

226

351
43
203
105

291

438
47
269
122

326




387 i 650

577

472

1,739
5,607
2,707

3,836
1,002
1,836

SUEVEY OF CUEEENT BUSINESS

44

August 1977

Table 13.—U.S. Direct Investment Position Abroad at Yearend—1975
[Millions of dollars]

Manufacturing
All
industries

Transportation
equipment

Finance Other
and indusinsur- tries
ance

55,886

4,725

11,107

3,662

15,595

8,416

12,380

3,184

12,505

14,553

5,335

20,358

45,427

3,826

8,471

2,792

13,231

7,205

9,903

947

8,960

8,025

2,809

3,053

6,220

14,691

1,369

2,268

1,014

3,042

2,694

4,304

761

2,009

3,490

814

41

11, 393

26,013

2,032

5,161

1,594

8,774

3,711

4,740

153

6,084

4,160

1,690

39,001
3,306
5,743
8,726
2,679
3,325
631
664
13, 927

14
0
-6
-1
8
1
1
1
10

9,532
386
938
2,169
603
1,173
381
60
3,822

22, 791
2,021
3,844
5,328
1,716
1,655
106
566
7,555

1,759
81
263
299
165

4,641
693
592
770
402
564
18
339
1,262

1,218
76
122
348
61
185
6
17
403

7,915
718
1,415
2,101
797

3,238
120
562
1,319
113
79
—1
-4
1,050

4,021
332
890
491
179
285
7
124
1,713

84
4
5
18
10
2
-1

3,171
476
706
479
200
323
78
27
883

2,440
349
177
638
71

969
70
79
94
71

79

93

1,111

500

10, 532
788
1,763
1 117
5,152
1,712

_.

26,200

49,533

. . - .

6,548
4,398

31, 038

European Communities (9)
_
_
Belgium and Luxembourg
France
Germany
Italy
Netherlands
Denmark
_.
Ireland . _
_______
United Kingdom
Other Europe
. .
Norway
__ _
Spain
...
.. .
Sweden
Switzerland
Other
_..-..
Japan

27

1,862
448
251
389

3,222
265
1,000
582

274
(*)
163

520

859

907
467

(D)
27

376
151
80
42

87

65
38

149

2,913
23
211
109
2,401

1,720
2
75
14
1,472

169

157

1,557

93

15

0
0

154

723

191
75

Latin American Republics ..
Argentina
...
Brazil
...
Chile
Colombia
Mexico
Panama
Peru _
.
Venezuela
Other Central America
Other
0 ther Western Hemisphere
Bahamas _
Bermuda.
Jamaica
._ _
Other
Other Africa
.
Liberia
Libya
Nigeria
Other
Middle East.
Iran
Other
Other Asian and Pacific
India
Indonesia _
Philippines
Other

.
......

332

681

2,352
113
700

219
25
88

540
23
118

2,150

2,519

10,459

899

2,636

1,476

3,324

8,562

720

2,176

16, 394
1,154
4,579
174
648
3 200
1,907
1,221
1,872
704
934

.

3,165

882
141
407

1,015

2,066
142
288

8,023
764
3,106
49
381
2 442
122
166
668
199
127

689
43
170
(*)
22
223
7
41
69
70
45

1,966
180
528

5,707
763
2,932
654
1,357

461

540
97

31
5
6
13
8

211
56

2,414

.

. .

1,430

1,055

22,101

-

1,313

1,305

26,222

Latin America.

0

7,013

Developing countries

74
700

5,065
365
1,582

Australia
New Zealand
South Africa

3

3,339

Australia, New Zealand, and South Africa...

488

130
12
17
80
1
700
27
19

0

1,480

_
_

5,747
367
1 587
738
3,055
7,067

D

1,258
116

1,336

219

360

133
720
99
28
168
60

0

14

(*)

0
1

2,405

265
290

(D)

720
43
123
141

46
69

(*)

11
12

721
(D)

11
296
172

265
147

1
44

787

124

179

35

309

77

47

169

629

675

679

9

558

298

258

123
2
44

468
8
153

530
41
103

472
14
193

_2

325
52
181

291

161
43
54

871

2,364

1,211

2,478

638

3,045

4,954

2,457

720

1,762

1,131

2,054

354

2,321

4,582

1,482

1,697
109
931
(*)
60
480

1,131
178
573

277
8
22
4
13
35
39
-1
32
66
58

2,029
87
406
28
64
476
542
62
268
50
45

1,720

1,264

76
11
20

292
87
152
8
45

2,862
300
2,461
9
93

218
148
(D)
28
(D)
130

69
128
9
14
224
(*)
19
42

7
82

1

71
0
3

9

(*)
(*)

186
775
28
148
528
224
39

(*)

1

12

83

(*)

(*)

0

38
7

0
0

9

0
0

0

3
267
(*)

8
64

3
(*)

473
(*)
177

(*)

5

24

229
(*)

489

388

19

0

-4

(*)

90

0
0
0

0
9

0

(*)

86
8

29

2

2
18

1
9

60
269

(P)

16
87
359
37
(D)
191
130

55

80

88

5

357
4
95
58
718
10
145
49

65
(D)
(D)
(D)

(*)

702

170

10

68

3

48

7

57

16

5 - 4 , 888

-4,040
—98
—3 942

62
22
125
246
687
122

988

334
65
535

International and unallocated

164

58

8

55

28

12

59

99

509

10

4
8

52

17

18

82

6
503

580

218

— 193

22

1

13

36

7

41

144

378

73

542

58

308

183

8

16
20

82
9

3

9

99
20

46
44

103
30

102
157

-3
39

27
425

12
42

103
115

4
11
26
143

465

138

50
(D)
223

1,600

500

1,574

70

62

5 —4, 695

103

2,746

1,503

80
1 271

255
96

135

344
809

181
(*)
19

1,260

(*)

3,323

(*)

(*)

7

7
5
100

68

336
(D)

Suppressed to avoid disclosure of data of individual companies.

sidered liabilities of the foreign branch
to the host government for the use of
producing assets, and changes in them
are now included in capital flows for
U.S. direct investment abroad rather
than in those for foreign direct investment in the United States.
The change in the treatment of the




Chemi- Primary
cals and
and
allied
fabri- Machinprodcated
ery
ucts
metals

124,212

.

Canada

*Less then $500,000 ( ± ) .

Total

Food
products

Transportation,
commuOther
nicaTrade
manu- tion, and
facturpublic
ing
utilities

90,923

All countries
Dpveloned countries

Europe

Mining
and Petrosmelt- leum
ing

deposits also has resulted in substantial
revisions to income and earnings items
for U.S. direct investment abroad.
Earnings, adjusted earnings, and receipts of income were reduced because
the imputed share of the host government in the U.S. company's earnings
from its foreign branch operations,

which was previously included in these
items, is now treated as an expense
incurred by the branch for the use of
the producing assets. Earnings, adjusted earnings, and receipts of income
were not reduced by the exact amount
of the imputed share included previously, because that amount was

SURVEY OF CURRENT BUSINESS

August 1977

45

Table 14.—U.S. Direct Investment Position Abroad at Yea rend-—1976
[Millions of dollars]
Manufacturing

Transportation,
commuOther
nicaTrade
manu- ion, and
factur- public
ing
utilities

Mining
All
and Petroindus- smelt- leum
ing
tries

Total

Food
products

All countries...

137,244

7,058

29,713

61,062

5,088

12,139

3,786

17,025

9,736

13,288

3,247

13,691

16,392

6,082

Developed countries..

101,150

4,749 23,662

49,699

4,112

9,303

2,866

14,262

8,496

10,660

957

9,910

8,946

3,227

Chemi- Primary
cals and
and
allied
fabri- Machinprodcated
ery
ucts
metals

Transportation
equipment

Finance Other
and indusinsur- tries
ance

Canada

33,927

3,200

7,153

15,984

1,436

2,468

1,054

3,271

2,966

4,788

771

2,153

3,796

871

Europe.
European Communities (9)_Belgium and Luxembourg.
France
G ermany
Italy
Netherlands
Denmark
Ireland
United Kingdom
Other Europe..
Norway
Spain
Sweden
Switzerland..
Other

55,906

34

13,445

28,702

2,211

5,754

1,610

9,455

4,729

4,942

155

6,766

4,767

2,037

44,016
3,607
5,954
10,410
2,944
3,771
735

12
0

25,121
2,221
3,968
6,638
1,870
1,770
140
738
7,776

1,900
69
267
387
175
156
48
48
752

5,166
762
629
921
449
613
20
444
1,327

1,209
75
122
355
(D)
172
(D)
18
404

8,572
821
1,386
2,336
896
472
49
61
2,521

4,098
148
634
2,055
(D)
85
(D)
1
1,092

4,175
348
931
554
216
272
9
167
1,680

84
5
5
17

3,485
591
715
537
281
364
104
33
860

2,960
419
186
811
82
204

1,182
54
90
114
67
133

15,696

11,171
318
997
2,294
635
1,298
399
114
5,117

(D)
1,233

11,890
1,222
1,971
1,152
5,733
1,812

3,581
298
1,221
607
948
507

310
1
185
(D)
(D)
33

588
28
227
76
108
150

400

0
0
2

2,274
838
189
406
106
734

884
(D)
260
308
141
(D)

631
(D)
*
(D)
(D)
()
9

767
49
114
144
289
172

3,281
27
218
106
2,756
173

1,806
2
81
15
1,541
167

3,787

0

1,566

1,689

110

374

13

860

149

184

7,529

1,515

1,498

3,324

355

706

189

675

652

746

5,460
404

1,237
(D)
(D)

889

2,505
114
705

228
25
102

590
22
95

140
1
48

500
9
167

526
41
85

521
15

2,309

2,882

11,362

976

2,836

919

2,764

1,239

897

Japan
Australia, New Zealand, and South Africa.
Australia
New ZealandSouth Africa..

1,665

Developing countries..

Latin America
Latin American Republics..
Argentina
Brazil
Chile
Colombia
Mexico
Panama
Peru
Venezuela
Other Central America...
Other
Other Western Hemisphere..
B ah amas
Bermuda.
Jamaica
Other
Other Africa.
Liberia...
Libya....
Nigeria..
Other

17,116
1,364
5,403
179
653
2,984
1,957
1,367
1,511
677
1,020
6,420
1,059
3,507
577
1,277
2,802

2,310

1,163
53
140
5
11
88
1
(D)
-21
23
(D)

1,653
174
336
D
()
56
17
94
(D)
230
65
367

8,642
895
3,667
49
387
2.223
139
168
747
226
139

437
(D)
0
302
(D)
534

1,287
103
245
38
901

601
94
225
226
56

36

1,599

257

(D)
0
(D)
*
()

167
()
*
16

7,044

)

72
153
11
15
212
1
19
48
)
23

215
56
105
16
38

76
110
1,678

70
1,167
192
1,126

259
100
352
967

1,951
141
1,139
()
*
65
450
9
8
108
22
9

1,168
1,168
221
631
(D)
1
221
1
(D)
66
3
()
*
()
*

4

(D)

71
-1
17
9

1
44
30
1
(*)
-1
1

210

0
0

0
0
0

67

66

(D)

19
47

(D)
()
*

73

637

48

83
9
25
519

2

1
111
32

16
23
-3
38

46
46
110
133

3,169

()
*
4
41

103

38

281

280

372
55
204

291
2
-12

166
48
66

5,986

2,715
1,587

2,126
105
496
34
64
453
512
64
289
60
49

1,927
72
422
()
*
100
51
785
8
150
53
285

278
89
149
8
32

3,551
616
2,810
4
121

49
26
30

102

63

149

8
3
23
68

32
1
9
22

67
6
-9
85

122

600

65

(*)

334

103
22
104
203

4

361
630

5,478

5
17

153

33
34
432

8
381
185

3,229

47
45
-1

22

()

855

2,404

11
7
103

(D)

643

285

2,169
)
206
882
18
160
468
10
42
248
D
)
30

0

(P)

567

0

()
*

()
*

1
-2
(*)
56

2,628

0
3
1

183

-547
-3,665

2,056

106
2
102
2
4

3
1
16

8

362
1,475
831
3,253

207
675
D
)
120
649
107
D
)
189
70
28

751

26

83
351
281
884

2,554

(*)

5,922

D

9,242

-4,211

-422
-2,788

International and unallocated.

2,940

752
48
187
1
27
224
12
42
88
74
49

-3,210

Other Asia and Pacific
India
Indonesia.._
Philippines..
Other

59
13

73
11
62

31
)
105
381
43
D
)
185

(D)
(D)

170

650

322

21

137

8
3
111
527

8
7
84
223

1,723

552

1,460

()

)
258
140

Suppressed to avoid disclosure of data of individual companies.

revised on the basis of new information
received from the company.
Additional revisions were made
following a thorough review of the U.S.
company's accounts in the context of
balance of payments methodology and
the statistical reporting system. The
review resulted in more accurate




1,600

23,536

348
362
341
1,750

Middle East..
Iran...
Other..

*Less than $500,000 ( ± ) .

29,050

()

(*)

measurement of the net assets of the branch liabilities, although the net
U.S. company's foreign branch. The basis is the proper one according to
major change involves the U.S. com- balance of payments methodology. The
pany's reporting of branch liabilities: change to reporting on a net basis
Previously, the reporting procedure set reduces the U.S. company's direct
up in conjunction with the company investment position abroad, because
resulted in its reporting gross branch net branch assets (which are equal to
assets, rather than branch assets net of the U.S. company's direct investment

SUEVEY OF CURRENT BUSINESS

46

August 1977

Table 15.—Net Capital Outflows—1975
[Millions of dollars]
Manufacturing
Mining
All
and Petroindus- smelt- leum
tries
ing

Total

Food
products

Chemi- Primary
cals and
and
allied
fabri- Machinprodcated
ery
ucts
metals

Transportation
equipment

Transportation,
Ficommunance
Other
nicaTrade and
manu- tion, and
insurpublic
ance
facturutiliing
ties

Other
industries

All countries...

6,264

544

2,918

1,301

317

40

372

218

266

-95

307

1,081

209

Developed countries.

2,898

198

1,211

921

81

212

35

282

150

161

-4

194

191

187

419

102

-57

130

2

68

-5

104

-32

6

46

104

89

2,338

7

1,293

74

121

28

196

165

185

-16

97

79

109

73
2
45
5
4
4

91
30
12
34
-6
-16
()

7

190
52
55
43
36
5

18

172
(D)
21
39
8
(D)

93
-27
( )
38
(D)
-19

52
13
23
-7
-21

Canada
Europe.
European Communities (9)..
Belgium and Luxembourg.
France
Germany
Italy
Netherlands
Denmark
Ireland
United Kingdom

1,983
174
377
507
22
-103
-73
58
1,022

Other Europe..
Norway

(D)
(*)
(*)
(D)

1,197
25
(D)
299
D
( )
-80
Q3
19
811
96
38
36
-7
-12
41

550
105
141
143
23
8
)

()

219
-1
164
6
47
3

-23

11
1

63
163
92
20
52

1,215
672
-58
332
-108
22
47

C)

313
254
(D)
17
(D)
-12
3

312
197
2
-72

Other Western HemisphereBahamas
Bermuda
Jamaica
Other

543
-14
438
39
79

Other Africa.
Liberia.
LibyaNigeria.
Other...

40

36

2

7

56

1

2

-32

10

-26
-2
-4

10

-112

90

7

51

-10
-1
(*)
(•)
6
1
-4
(*)
(*)
(*)

21
-15
35
6

C)
)
-3
7
1
-1
3

55
-9
53

()
*

5
2
17
9
-50

-2

-131

63
-4
45
D
)
9
1

53
-5
58

C)
(D)

3
8

(*)

61

-4
0

)
-4
-2

50

-127
-2
3
-125

C)
-1
-5
1
-1
-3
6
-4
(*)

0
0

24
(*)
2

14
17
3
10
33
-7
(*)
5
3
21
10
8
1
2

0
()
*

(*)

-7

(*)

(*)
(*)
1
6

-2

4

414
1,708

15
7

(*)
(*)

8
2

(*)

55

-2
46
-5
153

5
33
-16

16

(*)
4
-1
2

-30
19

11
(D)
(D)

15
(*)

4

927

23

892

2
1
-8
52

()
40
4
2
-10
38
(*)
5
2

()
2
-26
-1

796
27
()

39

22

(*)

192

23
-14

133

-3
-1

42
(*)_

10

0
-5
(*)
2

()
-18
15

107

(•)

-5

(*)
(D)

3
2
-6
13

22

51

63

()
*

-1
-1
-1

12
(*)

-94

()
*

(t)

(*)

105

C)
()
*

-16
()

-1

(*)

-3

-335
D

4

-4

-7
1

27

21

7
92
-12
116

International and unallocated.

()
C)

(*)

2,122

(*)

13
1

19
21

()
*

109

27

82

57
( )
(*)
(D)
20

D

5
79

D

C)

203

Other Asia and Pacific..
India
Indonesia. _.
Philippines.
Other

()

104

D

2,244
448
1,796

(*)
(•)

7

61
-1

()

4
4
_2
-1
(*)
-17

O

147
0
( )

1
-1
16

(*)

-9
185
-46
197
6
5
35
-12
4
-16
10
1

12
1
-1
(D)
-1
(*)

16

-2
—2

(D)

-34

()

246

178
(D)
5
(D)
3
(*)
7
(D)
254
D
( )
-119
-392
(D)
-303
(D)
(D)

6

7
-2
(D)
3

6

63
(D)
294

Middle East.
Iran...
Other..

21
(D)

346

Latin America
Latin American Republics..
Argentina
Brazil
Chile
Colombia
Mexico
Panama
Peru
Venezuela
Other Central America...
Other

()
-17

21
3
-1

379

-214

3,702

-36

1,988

(*)

20
-18
16
(*)
-3
-5

)

-16

35
(D)
(D)

(*)_

30
D

(*)

39

21

Developing countries..

(D)
(D)

76

99

Japan
Australia, New Zealand, and South AfricaAustralia
New Zealand.
South Africa..

-1

(*)
(*)

-3
10

-281

24
3
5
-3
18

0

-3
(*)

(*)
(*)
(D)

(*)
(D)
58

21

14
43

3
20

-1
-1

-45

-1
()

-1
-1
11

(D)

n

-16
-20

-37

-1

Suppressed to avoid disclosure of data of individual companies.

position in the branch) are lower than
gross branch assets by the amount of
branch liabilities. Reporting on a net
basis also changes net capital outflows
to the branch: In the absence of other
changes, an increase (decrease) in
branch liabilities lowers (raises) net




0
1
0
4

355
44
239
12
-39

Sweden
Switzerland..
Other

*Less than $500,000 ( ± ) .

()

-3

branch assets and results in a capital
inflow (outflow) for U.S. direct investment abroad. These changes do not
affect earnings, adjusted earnings, reinvested earnings, or receipts of income.
Before 1973, branch liabilities were
relatively small, but as a result of the

large increases in crude oil prices,
royalty and tax rates, and crude oil
production after 1972, they subsequently increased substantially. Most
of the increase is attributable to increased taxes and royalties due the
host government. The deduction of

SURVEY OF CURRENT BUSINESS

August 1977

47

Table 16.—Net Capital Outflows—1976
[Millions of dollars]
Transportation,
communicaTrade
tion, and
public
utilities

Manufacturing
Mining
All
and Petroindus- smelt- leum
ing
tries

All countries...

4,596

Developed countries.

3,354

Other Europe..
Norway
Spain
Sweden.
Switzerland..
Other
Japan
Australia, New Zealand, and South Africa..

928

421

-82

61

188

278

-118

223

1,067

677

299

-99

-4

179

250

-61

228

532

-1

-32

-53

80

-44

61

-37

-68

-2

169

-64

200

-22

1

1,838

579

82

196

-65

222

74

6

2
0
0
0

1,503
63

380
41
-57
234
50
-2
1
50
64

61

182
31
34
61
7
9
-4
29
15

-63
-9
1
-14
(D)
-19

30
5
-1

85
14
27
53
21
-20
1
19
-31

1

i

70
(D)
42
(D)
53
1,266

225

149

113

4
-5
(*)
(D)
28
20
(*)
15
1

7

\
(*)

58

)

9
-2
-12

810
-574

-18
(D)

-237
26
329
-2
-13
-73
-71
145
-495
-61
-23

109
4
-3
-4
-1
4
0
)

-512
(D)
5
(*)

157
5
233
4
-8
-82
3
1
g
7
3

18

-4
-57
D
( )
-456
-56
(D)
-62
(D)
31
(D)
-76
190

()
-214

4
0
0
14

()
259
217

631

1

638

-344
974

(*)
10

(*)

13
()
3
1
(*)
-1
2
4

74
4
-3
-18
3
(D)
(*)_

C)
62

C)

-1
-7

(*)
(*)
(*)

C)

11
i

( * )

*7

-7
( )
(*)

( )
(*)

()
16

(*)

-1

-6
18

-11

3

40

1

1

2
1

26
2
12

19
(D)
D
( )

29

-114

14

659

-43

6

13

-94

-32

553

32

6
-3
60
0
-2
-29
(*)
2
-23
1
0

1
-2
25

5
3
47
4
-6
-10
-27
2
-11
4
(*)

19
12
33
-4
4
-11
1
-2
-4
1
-12

-37
-12
(D)
-1

534
295
217
-4
26

-1

1
0
-2
5

-5
)

26

-65

2
-1
6
-2

5

-43
-31
-1
-11

12
-2
-5

0
0
0
0
0

-16
(D)
(D)
-4
(D)
(D)

(*)

3
1
5
4

-31

13
(D)
(D)
(D)
12

-1

()
*

4

D

( )

( )

D

D

(*)

17

-15

557

41

2
703
54
-118

0

()
710
43

_2
6
-7
44

()
(*)

()
*

-1
18
16
2

( * )

1
(*)
-2
32

()
*

-1
-1

-342

-3
1
-4
2

(

\

()
(*)

()
*

1
3

-5
-2

(*)_

12
(*)

38
(*)

5
27

7
7

-4
( * )

()
*

-7

6

30
l
l
l
-l

( )
(*)

-1

5
1

0

19

(*)
(D)
(D)

()
12
-2
( )
25
6
-2
2
-11
D

5

11

D

( )
(D)

7

49

( * )

(*)

-7
-14
(D)
10
(D)
-19
2
(D)
12

-6

0
-2

D

(D)

(*)
(•)
-13
(D)

31

294
6
7
107
-4
112
(D)
(D)
59

108

(*)
C)

1

63

()

(*)
-1
-1
2

313

106
84

-11
-1
-6
4
-10
2

65

D

642

-423

3
(*)
-5

(*)
(*)

(*)

19

16
2

(D)
(D)
-4

_2

145

39
3
-7
-10
59
-7

193
0
()
(*)
(

-5

176

383
260
279
-83
-73

2
-3

251

85

-3
-6
-24
3
0

29

-15

14

10

-24
22
9

145

247

D

()

85
-1
125
75
70
26

24

(*)
(*)

1,665

International and unallocated _

-25

26

76
1
2
11
63

(*)
-17
57

-12
-53

-20

-18
(*)
(D)

-124

Suppressed to avoid disclosure of data of individual companies.

branch liabilities from gross branch
assets shifted the U.S. company's
direct investment position abroad to a
negative position and resulted in large
net capital inflows from the branch in
1973 and 1974, and a net capital outflow to the branch in 1975. The negative




(*)
(*)
(*)

(D

199
1
213
11
-35

90
15
9

Other Asia and Pacific.
India
Indonesia...
Philippines.
Other

*Less than $500,000 ( ± ) .

125

334
329
-67
(D)
19
(D)

Australia
New Zealand.
South Africa..

Middle East..
Iran...
Other..

Finance Other
and indusinsur- tries
ance

1,941

630
333
151
21
94
32

Other Africa..
Liberia.
LibyaNigeriaOther...

Other
manufacturing

2,283
182
-176
428
176
141
33
98
1,402

Europe
European Communities (9)..
Belgium and Luxembourg.
France
Germany
Italy
Netherlands
Denmark
Ireland
United Kingdom

Other Western Hemisphere..
Bahamas
Bermuda.
Jamaica
Other

Transportation
equipment

2,409

102

Latin America
Latin American Republics..
Argentina
Brazil
Chile
Colombia
Mexico
Panama
Peru
Venezuela
Other Central America...
Other

Total

Chemi- Primary
and
cals and
allied
fabri- Machinery
prodcated
ucts
metals

2,914

Canada

Developing countries..

Food
products

position arises because a substantial
portion of the accounts receivable of
the branch for the sale of products is
transferred to the United States for
collection, and is therefore not included
in branch assets; on the other hand, the
tax and royalty liabilities remain with

the branch.
The net effect of all the revisions is a
downward revision in the U.S. company's direct investment position
abroad in each of the years 1966-75.
The downward revisions were largest in
1974 and 1975.

SURVEY OF CURRENT BUSINESS

48

August 1977

Table 17.—Reinvested Earnings—1975
[Millions of dollars]
Manufacturing
Mining
All
and Petroindus- smelt- leum
ing
tries

Total

Food
products

Chemi- Primary
cals and
and
allied
fabri- Machinprodery
cated
ucts
metals

Transportation
equipment

Transportation,
commuOther
nicaTrade
manu- tion, and
facturpublic
utiliing
ties

Finance Other
and indusinsur- tries
ance

All countries...

8,048

238

2,057

3,451

280

624

221

1,226

440

661

173

836

787

506

Developed countries.

4,900

197

816

2,540

205

430

144

943

355

463

65

613

443

225

Canada

2,173

150

548

1,106

125

148

101

254

182

297

52

169

146

2

Europe
_
European Communities (9) - Belgium and LuxembourgFrance
Germany
Italy
Netherlands
Denmark
Ireland
United Kingdom

2,345

-3

142

1,261

283

31

607

171

100

13

423

291

218

0
-3
0

70
-8
(D)
-130
(D)

238
-9
38
41
25
35

11
1
-1
9
-11
-1
1
1
14

518
72
167
108
-10
54
-2
5
125

155
19
34
211
6
-5
-2
-1
-106

76
-3
45
21
-11
-12
1
24
11

97
-4

162
60
7
6
-1
-18
1
1
107

-1
3
7

74

1,036
82
285
365
10
66
D
(D )
( )
113

72
7
8
15
6
36

224
19
72
27
67
39

89

16
0

25
2

1,490
131
429
250
-11
159
16
116

Other Europe..
Norway
Spain
Sweden
Switzerland..
Other

856
33
126
65
524
108

Japan
Australia, New Zealand, and South Africa.

0

(

40

45
1
11
6
4
23

30

(*)
23
(D

;D)_

7

11
-4
16

43

133
1
36

12

21
-2
7

10

30
1
6

42

1,376
89
505
-5
10
299
303
14
83
21
58

28

32
4
19

245
3
249
7

10
(•)
(D)
2

0
0

73

4
63
(D)
-12
-1
100
-1

(*)
0

176

12
1
0
0
11

13

Middle East..
Iran...
Other..

173

()

-14

38

1,241

23

1

17
-2
3

9
(*)
-7

C)

17

(*)
(*)

(D)

53
12

(*)

2
2

77

283

85

198

289

28?

275

171

59

218

91

195

220

259

124

780
87
342
-2
9
235
19
7
63
11
9

64
8
13

165

59
9
12
-1
1
26

206

91
40
48

194
30
85

198
3
31
-2
(*)
41
93

158

127

21
4
13
4
-1

C)

49
i
'

(*)

26

(*)
6

13
4
C)
2
1
(*)

H

2

6
7
1
1
-2

135

(*)

(*)
(*)

14
1
(*)
-12
(*)
0

C)
(*)
C)

C)

0
0
0
0
0

(*)

(*)

0
3
-2

-1

905

97

-3
818
4
87

13
-2
20

C)

-2

(*)

6

24

-2

()
*

_i

(*)

(*)

6

3

(*)

8
19
3
2

34
2
1
4
71
6
5
5
-1

22
9
14
(*)
-1

(*)

38
(*)
1
3
56
(*)
6
3
(D)
101
-8
(D)
1
D
( )

-2
-2
3

(*)
(D)
C)

-3
1
1
1

4
53

-2

8
1

-2
0

(*)

(*)

(*)

(*)

-1
(*)

-2
2

-6
0
-2
-3

5
3

(P)
(D)
2

-1

1

(*)

(*)

1

-4
0
1

1

61
C)
(*)

(P)

0
0
0
-2

C)
C)

3
50

(*)

-2

-2

-4
0
5

-2
8

66

International and unallocated.

4

18

4
26

194

17
8

()_
(*)
(*)

3

(*)

109

66

25

10
819
26
283

8

129
(*)
4
(*)
112
13

75

15
133
-3

327
2
16
14
287

10
-8

910

149

1,137

C)

801

137
11

6

9

(P)
34
(P)

(*)

37

C)

(P)
-4
4

C)

-3

44

26

-1

()
(*)

6

-26

32

Other Africa.
Liberia.
Libya...
Nigeria.
Other...

D

io

15

1,621

Other Asia and PacificIndia
Indonesia...
Philippines.
Other

D)

-4

3,083

Other Western Hemisphere.
Bahamas
Bermuda
Jamaica
Other

30

169

33

0

8

Latin America
Latin American Republics..
Argentina
_
Brazil
Chile
Colombia
Mexico
Panama
Peru
Venezuela
Other Central America...
Other

()

50

267
-1

Developing countries..

21
1
-2
8
-2

C)
(*)

61
;*)
-3
64
-66

(*)

3

(*)

25

31
(*)

K )

21

113

3
1
27

57

Suppressed to avoid disclosure of data of individual companies.

(Continued from page 14)
States with above-average

gains

Of the 17 States in which income increased most rapidly, 14 were in the
South and West; Maine, Michigan, and
New Hampshire were the others. The
average gain of the 17 States (12% per-




o

46

Australia
New Zealand.
South Africa..

•Less than $500,000(±).

8

39
4
3
-24
10
-4

cent) exceeded the national average by Lakes manufacturing belt. Maine and
one-fourth; gains ranged from 15K per- New Hampshire also have grown rapidly
cent in Alaska to 11% percent in Ken- during the 1970's, in contrast to most of
tucky and Tennessee. Many of the
the rest of the Northeast. Michigan's
southern and western States have
grown rapidly throughout the 1970's, as performance is largely attributable to
economic activity and population were the recovery in the motor vehicle inredistributed from the Northeast-Great dustry in 1976.

SURVEY OF CURRENT BUSINESS

August 1977

49

Table 18.—Reinvested Earnings—1976
[Millions of dollars]
Manufacturing
Mining
and PetroAll
indus- smelt- leum
ing
tries

Total

Chemi- Primary
Food cals and
and
prodallied
fabri- Machinproducts
cated
ery
ucts
metals

Transportation
equipment

Transportation,
Ficommunance Other
Other
nicaTrade and indusmanu- tion, and
insur- tries
facturpublic
ance
ing
utilities

All countries...

7,714

338

738

4,126

291

571

209

1,280

1,114

660

172

885

738

718

Developed countries.

6,176

265

911

3,498

232

513

178

948

1,098

530

69

647

363

416

2,459
3,110
2,448
107
227
1,271
79
245
71
137
311

127
-5
-3
0
-2
0
()
•

722
33
23

1,208
2,029
1,874
159
90
1,090
99
125
32
121
158

111
96
80
-14
-3
(D)

135
383
337
39
3
90
39
35
6
75
49

78
84
55
8
-1
22
4
6
1
(*)
14

291
532
491
104
4
198
31
58
2

275
788
823
23
72
)

319
147
88
(*)
14
16
17
20

73
-5
-5

100
279
212
61
1

80
313
217
-2

24
-2

148
466
130
21
42
50
-25
30
20
14
-22

58
7
1
-1
27
24

336
1
14
11
297
13

Canada
Europe..
European Communities (9)..
Belgium and Luxembourg.
France
Germany
Italy
Netherlands
Denmark
Ireland
United Kingdom
Other EuropeNorway
Spain
Sweden
SwitzerlandOther

32
59
18
480
74

Japan
Australia, New Zealand, and South AfricaAustralia
New Zealand.
South Africa..

0
-1
()
*
-2
0
-1
0
0
-1

-131
54
21
1
-24
10
-9
6
13

154
32
8
13
68
34

7
(D)
16
1

C)

0

103

104

143

61

157

13

30
)
)

136
4
17

8
1
4

368

628

28

126

C)

17

()
)
-4
5
•)

11
11
5

-3

D
D

73

77

22
12

62

17
-1

30
1
18

19
1
-8

37
2
23

1,302

42

227

495

332

16

130

27

110

959
184
497
11
20
-142
116
13
121
32
107

42

114
D
)
43
D
)

455
126
328
1
16
-135

27
45

112
21
82

Other Western Hemisphere.
Bahamas
Bermuda
Jamaica
Other

343
32
297
4
10

-1

(*)

2
3

< )

5

9
63

D

-2

)
)

-4
2

19
198
-736

-464

International and unallocated.

333
D

3
1
4

-6
7
-16
1
2

)




33
144
(*)
5
-17
2
1
16
(D)

C)

()
*

7
-2
16
102

-1

-1
i

(*)

-4
-4

13

-18
(*)
(*)
(*)
(*)
0

57
>)
2
21

31

-24

20
1
10

-25

0

166

365

298

42

105

337

71

25
1

81
15
43
2
4
-13
-2

191
(D)
33

61

3

(*)
27
1
3

(*)
(*)

188

93

(*)

16
1
1
7
2

C)

2
2
1
10
1

-2

0
0
0
-1

5
>)

C)
23
5
5
24
15

11

C)

4
0
0

1
(•)

5
5

3
66
6

\
3
147
18
128
-2

C)
-1
-1

(*)

15

-1

-1
3

C)

10
-9
18
—1
1

48

0
-1
3
154

1
-4
27

12

C)
(*)

1
-7
16
9
4
3

10
2
0
2
1
-3

1

0

C)

11
-7
0

-11
5
-1

(*)

-1

()
*

)
-2
8
4

C)

C)

5

10

124

)
815
6
)

0
0

0
4
-2

(*)
(•)

0
0
0
0
0

0
0

(*)
3
45
72

Suppressed to avoid disclosure of data of individual companies.

The gains in all of these States mainly manufacturing. With the rebound in
reflected strength in manufacturing, housing construction and the paper
construction, and service-type indus- industry, lumber and wood products
tries. The average gain in manufactur- manufacturing was strong in Oregon,
ing wages and salaries (16% percent) Alabama, Mississippi, Tennessee, West
exceeded the national average by 30 Virginia, New Hampshire, and Maine.
percent. Most of these States had rapid Textiles and apparel—up 30 percent
gains in both durables and nondurables faster than all manufacturing indus-

242-659 O - 77 - 2

()

-1
0
0
1
1

-7
0
5
12

12,
D

20

15
-815
33
303

C)

79

20

Other Asia and PacificIndia
Indonesia
Philippines.
Other

59
20
71
-1
-9
-58
5
(*)
21
11

26
25
2
16
2
1
-5
(*)

C)

104

(*)

217

15

113
3

148

Middle East..
Iran...
Other-

-1
26
-1
1
-1
13

(*)

3

49
5
14
()
*
6

96
7
27

(*)

31

53
14
-2
-2
4
()
*
3
1
()
*

129

2

49

-23

Latin America
Latin American RepublicsArgentina
Brazil
Chile
Colombia
Mexico
Panama
Peru
Venezuela
Other Central America...
Other

8
-35
0
-51
(*)
13
3

229

25
-2

-9
-3

C)

8

20

-5

C)

58

1,204

Other Africa..
Liberia..
Libya...
NigeriaOther...

40

60

219

293
23
73

Developing countries..

* Less then $500,000 (db).

46
6
28
3
10
-1

i

tries nationally—registered large gains
in South Carolina, Alabama, Mississippi, Tennessee, and Kentucky. Large
gains in chemicals were also important
in southern States, particularly in
Louisiana, Kentucky, South Carolina,
Texas, and West Virginia. Auto payrolls in Tennessee as well as in Michigan

SUEVEY OF CUERENT BUSINESS

50

August 1977

Table 19.—Receipts of Income—1975
[Millions of dollars]

Manufacturing

]

Mining

All

industries

and

Petrosmelt- leum
ing

Total

Chemi- Primary
and
cals and
allied
fabri- Machinery
prodcated
ucts
metals

Food
products

Transportation
equipment

Transportation,
commuOther
nicaTrade
manu- tion, and
facturpublic
utiliing
ties

Fi-

nance Other
and
indusinsur- tries
ance

All c o u n t r i e s . . .

8,567

448

2,738

2,547

311

641

107

856

185

448

33

841

1,666

294

Developed countries.

4,609

295

826

2,094

256

471

90

776

162

339

-10

456

749

200

303

522

116

25

108

119

86

169

57

585

27

191

-1

337

477

119

50
1
6
22
4
6

546
35
80
189
74
34
1
1
132

23
1
3
11
2
1
-2
0
7

166
7
32
44
-2
11

-1

125
12
26

400
17
30
78
29
1
(*)
2
244

59
4
9
3
1
12

39
3
5

4
0
1
0
3

212
3
10
1
190

77

Canada

1,239

Europe
—
European Communities (9)_.
Belgium and Luxembourg.
France...
Germany
Italy
Netherlands
Denmark
Ireland
United Kingdom

2,643

C)

381

1,330

170

2,130
138
228
706
100
381
10
28
538

(*)

338
1
13
D
( )
(D)
269
-4
-17
-57

1,208
105
151
419
111
88
(D)
(D)
290

144
6
2
84
7
15

513
60
42
29
329
53

(*)

43
47
-7
1

121
9
30
25
49
8

Other Europe..
Norway
Spain
Sweden
Switzerland..
Other..
Japan
Australia, New Zealand, and South Africa.

(*)
(*)

C)

(*)
2

187

0

539

196
189
1
6

3,619

153

1,600

94

779
15
152
5
43
156
103
-102
261
45
102

9

)
24

10
7
0
3
1
3

()
C)

(*)

(*)

_o

C)

0
0
-1
0

(*)
(*)
(*)

8

(*)

1

111

(*)

(*)

24

C)
2
59
14

(*)

31
21

75

12
24

7

25

6

132

20
1
4

0
-7

28

130

Developing countries..

Latin America
Latin American Republics..
Argentina
Brazil
Chile
Colombia
Mexico
Panama
Peru
Venezuela
Other Central America...
Other
Other Western HemisphereBahamas
Bermuda
Jamaica
Other

821
356
198
79
188

Other Africa,.
Liberia...
Libya
Nigeria...
Other

(

8
(*)

6
(*)
-17
1
7
11
84
-1
0

()
(*)

107
2
23

(D)
1,829
254
153
29
12
(*)
5
4
1
-98
174
12
14
101
(*)
D
( )

358

1
90
244
-53

C)

(*)

1

453

55

169

17

109

359

45

137

14

90

310
3
80
3
27
112
9
6
53

44
-1
12

92

14
-2

2
1
(

D

20
2
11
34
)
2
11
2

\

4
(*)

C)
C)
(*)

(*)

(*)
(*)

(*)

1,494
213
1,281

()
0
0
15

94

711

57

106
4
15
1
5
27
28
3
17
3
4

144
(D)
(D)
(*)
5
(*)
591
13
7
34

52
-1

567
349

5
4

()

()
*

8

()
*
2
1
0

(*)
(*)
O

(*)

(*)

2

0
0
()
*

(*)

(*)

(*)

1,416

()
•

(*)

()
•

(*)

211
1,206

(*)
(*)

(*)

4

(*)

2
2

-123

3

-2
76
-43
-154

-1
2
5

(*)

11

(•)

()
*
10

1
42

-2
17

84

123

14

14

5
102
4
56
338

5
3

(*)

(*)

(*)
(*)

82

(*)

19

(*)
(*)

1
-1
1
6

()
*

0
1

(*)

(*)

()
(*)

1
1
6
6
2
2
7
28

1

167

International and unallocated.

882

115

(*)

(*)

(*) f

(*)
(*)
(*)
(*)

()
*

215

11
5

282

42
89
247
-22

Middle East..
Iran
OtherOther Asia and Pacific.
India
Indonesia...
Philippines.
Other

3
8
19
93

0
0
-4
50

16

171

35

(*)

D

Suppressed to avoid disclosure of data of individual companies.

rose about one-third—gains well above
the U.S. average.
Gains in construction wages and
salaries either approximated or exceeded
the national average in 14 of these 17
States, and were especially important in
Alaska, Maine, Nevada, Texas, Utah,
and Louisiana. Gains in service-type




(*)

459
10
71

Australia
New Zealand.
South Africa-

*Less than $500,000 (±).

1
(

278
55
27
68
27
20

industries were strong in all of these
States except Michigan. Large gains in
mining—reflecting increasing activity
in oil and natural gas exploration, and
coal—occurred in Alaska, Wyoming,
Utah, Texas, Louisiana, West Virginia,
and Alabama.

States with below-average gains
Of the 12 States and the District of
Columbia in which total income increased slowly or declined, decreases in
farm income played the key role in 7.
Five of these were major agricultural
States in or adjacent to the Midwest,

SUKVEY OF CUERENT BUSINESS

August 1977

51

Table 20.—Receipts of Income—1976
[Millions of dollars]
Manufacturing
Mining
and
Petrosmelt- leum
ing

All
industries

Total

Primary
and
fabricated
metals

Machinery

Transportation
equipment

Other
manufacturing

Trade

Finance
and
insurance

Other
industries

4,334

3,059

288

811

143

1,002

343

471

-11

790

1,984

380

358

962

2,456

205

577

103

914

314

343

-14

515

694

246

1,376

Canada

591

5,217

Developed countries...

126

279

628

47

135

21

125

161

138

69

227

499

1,553

106

359

74

713

140

161

1

387

374

181

377
2
(D)
37
22
311
D
( )
-23
22

1,422

82

328
43
32
86
36
22

59

129

152
12
54
37
7
8
()
•
1
33

1

167
15
22
26
36
16
5
1
47

270
22
18
35
26
5
1
3
160

114
11

C)
()21
*

672
30
92
347
57
44
1
()
*
101

122
82
-12

41
4
4

1

12
3
8
7

16
3
2

(P)
3

(P)
8

220
2
15
6
190

1

7

104
()
*
1
1
90
12

67
2
7

52

131
10
30
36
40
16

18

()
•

63

2,996

Europe
European Communities (9)..
Belgium and LuxembourgFrance
Germany
Italy
Netherlands
Denmark
Ireland
United Kingdom

2,351
158
255
673
210
429
14
47
566

C)

0
1
0
0
^0
()
*

645
96
41
43
351
115

Other EuropeNorway
Spain
Sweden
Switzerland..
Other

C>
C)

109
196
570
124
89
(D)
(D)

261

Japan

192

0

10

110

Australia, New Zealand, and South Africa-

652

231

174

165

527

225

155

90
2
73

(D)

5

7
5
1

(P)
19
24
1
8

5,763

233

3,337

603

2,098

156

222

486

71

72
(D)
10

109
22
27
4
8
3

414
22
123
5
35
157
5
3
47
10
7

n

Developing countries..
Latin America
Latin American Republics..
Argentina
Brazil
Chile
Colombia
Mexico
Panama
Peru
Venezuela
Other Central America....
Other

62
228
10
60
206
110
33
137
41
44

Other Western Hemisphere. .
B ahamas
Bermuda
"..
Jamaica
Other

1,168
663

(

.

*i

D

5
0

)

46
5
-8

84

64
D

459

Liberia.
Libya...
Nigeria.
Other...

26
177
174
82

<D)

Middle East.

1,720

Iran...
Other..

191
1,529
1,485
11
1,219
47
208

India
Indonesia...
Philippines.
Other
International and unallocated.

147
D

(

o

0

D

()
*

0

0
1

(*)

31
27

6

(D)

(D)

31

(D)

C)
() 0
*

27

31

24

24
1
6

15

0

17
2
8

()
*

(D)

20
1

40

88

29

128

-18

211

1,264

133

75

17

97

10

113

1,041

70

27

75

110

158

40

94
2
26
1
10
30

7

5
0
1
11

17
4
1

C)
18

(P)
39

59
-1
11

4

()
*
-1
32
45
4
8
3
1

1
19
-2
57
()
*
8
6
(D)

2
1
0

()
*

3
19
59
4
()
*

14
2
2

()
*
()
*

()
*

2

0
D

()
•
0
()
•

35

(D)

5
1
8
22

()
*

()
*
(D)
()
•

9
()
*

()
*
(D)

35

()
*
()
*

18
2
5
3
1
0
1
2

()
•
()
•

1

()
*

2

()
*
()
*

()
*

3

1
1
1

883
647

(P) C)
(P)
(P)

n
7

()
*

()
•

()
*

7

3

()
*

1

()
•

0
1
2
4

2
0
0
2

2

0

()
•

17

65

39

()
•
17

1
64

14
25

74

154

1

0
0

2

0

28

0

a

1

0
0

0
0

()
*
-28
0

()
*

0

2
7
9
11

3
-3
-28

()
*
10
63

5
8
19
122

21

1
1
8

8

2

(D)

3

()

-1
()
*

0
0
0
0
0
0
0
4
1

0
0
0

11
0
1
1
0
0
0
0
0
0
0

()
•
()
•

(D)

1
-1

()
*
()
*

7
1

C)
()
*

0
0
0
0
0

()
*
(D)

4
22

()
*
()
•

(P)
()
*

(D)
()
*

()
•

0
6
4

()
*
()
*

73

27

1

()
*

()
•

2
7

199

0
2
4

7
10
24
64

0
()
*
-1
0
2

234

C)

-2
1,168
-7
-22

()
*

3

(P)
()
*

10

-2

5

0
0
0
2

105

()
*

1

()
•

1,137

•

()
*
37

(D)

54

5

(P)
28

1

9
1
2
5
-3
4

(P)
(P)

17

3
23
1
1
23
()
*
2
6

C)

11
0
2
0

7

2

3
4

0

27

(D)

(P)
(D)

(D)

8

(D)

(D)
()
*

(D)

8
6
2

22

5

173
1,420

(D)

(P)
6

8

104

1
176
169

6
16
10
4

64

72
1
62
1
7

()
*

Other Asia and Pacific.

()
*

7

o

()
*

31

384

(D)

D

Other Africa-

113
(D)

(P)

(D)
(D)

(P)
(P)
C)
(D)
(D)
14
1
(D)
84

Australia
New Zealand..
South Africa..

64

26

Suppressed to avoid disclosure of data of individual companies.

and the others were Illinois and Minnesota. The five remaining slow-growing
States were Hawaii and four States,
New York, Connecticut, Delaware, and
Massachusetts, all located in the Northeast manufacturing belt. These northeastern States have grown slowly
throughout the 1970's.




Chemicals and
allied
products

11,127

All countries

*Less than $500,000 ( ± ) .

Food
products

Transportation,
communication, and
public
utilities

In the seven farm-related States, the
average income gain was less than 5}£
percent—nearly 50 percent below the
national average. Changes ranged from
a decline of one-half of 1 percent in
North Dakota to an increase of 8%
percent in Illinois. Sharp declines in
farm income—from 25 percent in Mon-

tana to around 45 to 50 percent in
North Dakota, Nebraska, and South
Dakota—accounted for the weak performance. In five of these seven States,
farm income accounted for at least 10
percent of total income; in Minnesota
and Illinois, farm income is a somewhat
more important income source than it

SUEVEY OF CUEEENT BUSINESS

52

August 1977

Table 21.—Adjusted Earnings—1975
[Millions of dollars]
Manufacturing
Mining
All
and Petroindus- smelt- leum
ing
tries

Total

Food
products

Chemi- Primary
cals and
and
allied
fabri- Machinprodery
cated
ucts
metals

Transportation
equipment

Transportation,
commuOther
nicaTrade
manu- tion, and
facturpublic
ing
utilities

Finance Other
and indusinsur- tries
ance

All countries...

16,615

686

4,795

5,998

591

1,265

327

2,082

625

1,109

206

1,678

2,452

800

Developed countries..

9,509

492

1,642

4,634

461

902

234

1,719

518

802

55

1,069

1,191

425

Canada

3,412

248

852

1,628

263

127

362

301

255

314

Europe
European Communities (9) -.
Belgium and Luxembourg.
France
Germany
Italy
Netherlands
Denmark
Ireland
United Kingdom

4,989

-3

523

2,590

239

583

87

1,193

198

291

760

768

3,620
270
657
956
90
540
26
144

-3
0
-2
0
1
(*)
0

408
-7

183
9
5
60
17
11
8
18
53

516
47
65
109
52
55
7

61
1
5
31
-7
5
1
1
24

1,064
107
246
298
64
88
-2
6
257

178
19
37
222
8
-4
-4
-1
-99

242
4
78
65
-13
-1
1
25
84

221
8

()
-66
335
-11
-17
17

2,245
188
437
784
121
154
11
147
404

562
77
37
84
28
-17
1
3
351

115
54
1
16
6
38

346
28
103
51
116
47

56
1
29

67
2
24
7
9
25

26

128

Other Europe..
Norway
Spain
Sweden
SwitzerlandOther

(*)
92
168
94
853
161

Japan
Australia, New Zealand, and South AfricaAustralia
New Zealand.
South Africa. .

-1

0
0

233

726
9
6,703

Latin America
Latin American RepublicsArgentina
Brazil
Chile
Colombia
Mexico
Panama
Peru
Venezuela
Other Central America...
Other

0

Other Western HemisphereBahamas
Bermuda
Jamaica
Other

D

(D)
-3

29
1
-1

5
33

6
3
170
27

477
15

83
32

-3

103

23

62

240
3
58

27
1
12

51
-1
12

16

246
231
1
14

()
-2
(D)
3,071

1,364

130

363

94

107

307

504

1,169

369

195

427

1,160

111

308

73

270

112

285

335

970

182

125

226
(D)
51

108
7
25

257
-1
68
2
11
101
D
)
5
33

73
7
18
-1
2
33

258
1
149
()
*
8
72
4
2
22

112
44
57
(*)
C)
22
1
(*)
-11

282
33
104
1
13
72

304
7
47
-1
5
67
121
11
36
6

302
(D)

9

1,090
90
422
1
36
348
28
12
116
19
18

179
-1
34
2
1
10
77
9
8
12
27

201
-1
109

70
6
37

0
0
0
0
0

3
-2
1
1
2

0

()
()

41

16
(*)
• (D)

(D)

3
7

84
-1
0
)

7
64
(D)
162
11

-7

C)

3
47

(*)

17
8
(*)

(*)

2
7

(D)
268
(D)

(*)

Middle EastIran...
Other-

1,643

1,441

15

228
1,415

228
1,214

2
13

Other Asia and PacificIndia
Indonesia. ..
Philippines.
Other

1,304

782

174

15
921
30
339

-5
893
-39
-67

17
2
36
119

(*)
(*)

()
(*)
-2

]

(*)

-2

0
0
0
-1

-1
-1

-4
0
2
1

9
2
12
29

11

(*)
(*)

82

()

O

(

6
4
115
1
19
10

2
2
3

668
341
280
2
45

-2
13

1
1
6
6
10

1
1
(*)

7
1
4
73

145

(*)

0
-2
-3

(*)

(*)

(*)

129

45

-1
130

-1
11

C)

-5

84

52

31
11
18
2
(*)

31

-1

1
10

(*)

1
-2
9
6

-1

C)

(*)

(*)

(*)
(*)
(*)

—2

0
0

(*)

(*)

15

(D)
285

30

7

(*)
(*)
-4
0
6
13

148
3

-3

8
137

23
114

119

104

(D)

92

D

Suppressed to avoid disclosure of data of individual companies.

is in the Nation. Farm income was off average gain in these States was 11
more than a third in these two States, percent. Gains were especially proand this primarily accounted for their nounced in construction and servicetype industries, which continued to
below-average gain in total income.
The gain in nonfarm income in each benefit from the heavy spending patof these seven States about equaled or terns resulting from the high levels of
exceeded the national average; the 1973-75 farm income. The gains in




79

206

C)

63

12

*Less than $500,000 (±).

2
133

40

55

404

)

30

30
2
12

D

115

419

International and unallocated.

H
14

44

(*)
(*)

(D)

539
5
26
15

10

( )

(D)

()
(*)
(*)
(D)
(*)
(*)

(*)

D

)
-3

49
6

46
(D)
10
27

3
2
4
19

301

534

Other Africa .
Liberia.
LibyaNigeria .
Other...

20
0

)
13
7

()
()

45

3,221
2,155
103
657
(*)
53
455
405
-88
344
66
160
1,067
358
448
86
175

D

)
-4
4
-1
0
6

337

)

223

1

875

140

Developing countries..

(*)

(D)

both of these industries in each of the
seven States about equaled or exceeded
the national average; construction,
which was especially strong, increased
at nearly twice the national average.
In the other five slow-growing States
and the District of Columbia, the

SURVEY OF CURRENT BUSINESS

August 1977

53

Table 22.—Adjusted Earnings—1976
[Millions of dollars]
]Manufacturing

All
industries

Mining
and

smelting

Petroleum

Total

Food
products

Chemicals and
allied
products

Primary
and
fabricated
metals

Machinery

Transportation
equipment

Other
manufacturing

Transportation,
communication,
and
public
utilities

Trade

Fi-

nance
and
insurance

Other
industries

18,841

929

5,072

7,185

580

1,382

352

2,282

1,458

1,131

161

1,674

2,722

1,098

11,393

622

1,881

5,954

436

1,090

281

1,862

1,412

872

56

1,162

1,057

661

Canada...

3,836

253

1,002

1,836

158

270

98

416

437

457

217

327

Europe

6,107

-5

532

3,582

202

742

158

1,244

928

308

853

653

495

European Communities (9)...
Belgium and Luxembourg..
France
Germany
Italy
Netherlands
D enmark
Ireland
United Kingdom

4,799
265
482
1,944
289
674
85
184
876

-3

3,297

162
3

1,163
134
96
545
88
102
3
6
188

241
11
68
53
24
28
(*)
25
31

-5
(*)
-2
(*)
-9
-3
-1
0
10

297
35
64
76
11
46
25
15
25

482
83
19
100
32
19
2
3
223

331

268
286

114
8
6
38
14
11
1
(*)
36

952

0
-1
0
(*)
(*)
0
-1
-1

400
-129

Other Europe .
Norway
Spain
Sweden.
Switzerland _
Other

1,308
128
100
60
831
188

_2
0
-1
0
0
-1

44

81

67
9
3
3
25
28

1

556
3
29
17
486
20

171
(*)
6
2
135
28

163
10
34

(D)

33

71

(*)

59

6

45

(*)
(*)

0

38
3
18

-1
1
6

21
6
18

24

377

1,629

432

AH countries...
Developed countries-

Japan

(D)

91
( )
D

333

(D)

-22
-2
132
73
-6
(I>)

13
(D)

41
1
15
(D)
(D)
4

77
6
40
6
19
6

14
12

223
214
(D)
(D)

(D)

419

(D)

(D)
(D)
(D)

8
(D)

(D)
( )
(D)

18

(D)

D

( )
(D)

78
8
5

(*)
(D)

-24
0
-49
(*)
(D)

-3

(*)
(*)
(*)
(*)

1

0
17
65
202

88

Latin America..

113

214

(D)

13

-3

131

28

(D)

374

234

322

D

64

28

71

20

D

350
(*)
23

185
7
42

226
6
90

22
1

51
-1
14

24
-1
5

47
1
23

24
1
-5

57
4

6,967

Developing countries..

0

1,040
819
23
198

Australia
New Zealand.
South Africa..

306

2,969

1,231

143

292

71

420

45

259

981

121

252

53

304

45

207

35

219

1,378

141

869
148
451
5
50
21
14
5
129
31
15

107
8
37
1
7
23
(*)
1
21
9

45
49
1

23

120
2
47

2
3
5

191
15
60
2
3
19
42
4
31
8
6

349
26

0

206
24
108
(*)
23
-7
2
(*)
46
3
8

112
6

13
2
7
3
1

0
0
0
0
0

1
-3
(*)
2
2

12
1

27
16

3,400

198

449

Latin American Republics..
Argentina
Brazil
Chile....
Colombia
Mexico
Panama
Peru
Venezuela
Other Central America...
Other.

1,890
246
725
22
79
64
226
46
258
73
151

114

223

Other Western Hemisphere..
Bahamas
Bermuda
Jamaica
Other

1,511
695
70

(D)

23
-2
-4
9
(•)
( )
( )

33
84
(D)
0
64
(D)

607

Liberia.
Libya..
Nigeria.
Other-

(D)

46
(D)
194
(D)

Other Africa.

(D)

(D)

Other Asia and Pacific.

2
0
2

1,022
26
405
80
511

India
Indonesia
Philippines..
Other
International and unallocated.

(D)
(*)

480
D

70

9
2
27
1
47
4
6
225
(D)

104

(D)

(O)

109

13
0
0

211
1,727

Iran...
Other..

(P)
(D)

463

1,938

Middle East.

(D)

179
(D)
1,656

6
(D)

7
16
5

(D)

6

401

353
(•)

0
0
1
3

0

-1

(*)
(*)

(D)
(D)

22
2
2
6

10

(*)

35
13
2
7
1
2

(*)

0
0

(*)
(*)

33

0

(*)
(*)
(*)

(*)
(*)

-1

1

( )

(D)

(*)
1
(*)
4
(*)

(D)
(*)
4

-7
0

4
0
0

1

8

1

0
1

1
(*)

2
1

(D)

43

19

47

(D)

108

14
8
40
167

1
2
14

9
3
12
23

(*)

4

222

(*)

1,029
664
(D)
D
( )
(D)

4
100

(*)

-1
0
(D)
(D)

12

1
6
(D)
(D)

1
4
16

21
-2
18
2

3

8

1

3

9

0
2
2

19

62

-1
20

2
60

122

181

-3
-16

1
-1
13
108

5
8
24
144

136

36

3

1
7

1

18

73
1
20
2
123
(*)
17
8
78

81

0
0
0

(*)

1
(D)

5

0
0
(*)
-1

0
0
1

0
5
-4

228

8

(*)
(*)

(D)
(*)

(D)

—5
-3

(*)
(*)

1
5
5

-8

(*)

185
(*)
9
5
2
1
23
(D)
(*)

(D)

(D)

'

(D)

(D)

99
2
10

3

-7

52

(D)
(D)

C)

16

(D)

(D)

( )

(*)
1
(*)
(•)

-16
(*)

(*)

(*)
(D)
193

Suppressed to avoid disclosure of data of individual companies.

average gain was 8% percent—nearly
20 percent below the national average.
Gains ranged from only 7% percent
in New York to nearly 9 percent in
Delaware and Massachusetts. The average gain in manufacturing wages and
salaries, which account for a relatively




285
42
37
48
108
50

1,660

(E>)

( )

411

Australia, New Zealand, and South Africa.

*Less than $500 000 ( ± ) .

20

665
82
35
176
75
57
(D)
( D)
( )

D

large share of total income in each of
these States (except Hawaii and the
District of Columbia), was only 7%
percent, compared with 12% percent
nationwide. Except for durable goods
in Delaware, the gain in payrolls in
both durables and nondurables manu-

facturing in each of these States was
well below the national average. The
gain in wages and salaries in the
machinery industry was well below
average in each of the slow-growing
manufacturing States. Other important
lagging industries were chemicals in

SUEVEY OF CURRENT BUSINESS

54

August 1977

Table 23.—Earnings—1975
[Millions of dollars]
Manufacturing
Mining
All
and Petroindus- smelt- leum
ing
tries

Total

Food
products

Chemi- Primary
cals and
and
allied
fabri- Machinprodcated
ery
ucts
metals

Transportation
equipment

Transportation,
commuOther
nicaTrade
manu- tion, and
facturpublic
ing
utilities

Finance Other
and indusinsur- tries
ance

All countries...

16,434

636

4,746

6,052

600

1,276

335

2,110

630

1,101

189

1,656

2,378

778

Developed countries.

9,445

477

1,593

4,696

468

909

241

1,756

527

795

52

1,064

1,147

416

3,364

235

871

1,641

172

263

130

367

312

396

253

259

761

784

215
2
D
(D)
()
6
45
10
29

577
80
37
83
28
()
*
()
*
3
346

546
5
27
14
484
15

207
()
*
6
2
172
27
78

Canada

4,981

-3

470

3,620
263
643
1,009
82
545
27
144
907

Europe
European Communities (9)..
Belgium and Luxembourg.
France
Germany
Italy
Netherlands
Denmark
IrelandUnited Kingdom
Other EuropeNorway
Spain
Sweden
SwitzerlandOther

-3
0
-2
0
1
()
*
0

377

1,361
71
174
93
863
160
237

Japan
Australia, New Zealand, and South Africa..

O

586

90

1,217

196

291

184
8
5
71
17
11
8
18
45

519
49
65
119
53
44
6
97
87

63
1
5
34
-7
5
1
1
24

1,087
109
241
321
63
89
-2
6

177
19
37
222
8
-4
-2
-1
-102

246
3
75
70
-14
-4
1
25
91

260

346
29
106
51
115
46

C)
0
-1
0
0

58
1
30
)

67
2
25
7
9
24

4
-1
0
4

>) 7
-3

50
32
13

(D)
()
*
()
*
(D)
()
*
()
*

130
13

126

14

-5

-3

109

(D)

11

306

41

65

24

63

()
*

39

246
3
58

28
1
12

53
-1
13

17

()
*

7

54
1
8

2
131
5
34

87
32

26

)

3
3
3
19

26
1

0
244

139

Latin America
Latin American RepublicsArgentina
--.
Brazil
Chile
Colombia
Mexico
Panama
Peru
VenezuelaOther Central America...
Other
Other Western Hemisphere..
Bahamas.
Bermuda.
Jamaica
Other

232
1

0

27
1
11

3,078

1,356

132

367

94

354

103

306

26

487

1,162

355

12

431

1,150

112

309

74

263

108

285

17

318

964

175

159

231
(D)
53
(D)
5
8
64
-108
163
11
10

109
6
27

257
-1
64
2
11
105

73
7
19
-1
2

251
()
*
142
()
*

108
41
57
(•)
(*)
21
1
(*)
-11

284
33
107
1
14
72

11

288
6
44

305

177
-1
34
2
1
9
77
8
8
12
27

0
0
0
0
0

6,623
3,163
2,123
100
652

108

P)_
29

448
403
-106
347
63
162

18

1,039
353
447
76
163

79
-1
0
(D)
(P)

17

-2

199
-1
109

87
416
1
38
350
28
13
114
18
18
68
5
37
5
20

512

417
11
174
267

-4
0
6
13

(

*>3
46
(*)
2
17
8
(*)
3
1

C)

(*)
(*)

(D)

o
0

(*)

<*)

0
0
(t)

C)

3

15

1

-2

228
1,416

227
1,218

2
13

1

-2
-1

Other Asia and PacificIndia
Indonesia...
Philippines.
Other

1,305

786

176

15

17
-1
39
120

1
-2
10
6

9
2
13
31

367

International and unallocated.

8

-1
4

2
1

D

()
()
*
6

1
2
3

58
118
12
36
4
6

1
-3
1
1
2

6
1
1
2
3

30
10
18
2
1

659
342
280
1
35

2
46
1

()
*

3
115
1

(P)
10
80

-2
-3
2
(*)

-1

-1

-1

10

13

6

13

0
0
0

10
0
0

-1

-4
0
1
1

1
1
6
6

3
0
2
1

-1
4

-2

(*)

()
*

(*)

10

1

10

45

127

(*)

1
9
84

1
1

-1
10

1
44

-1
128

145

148

55

-5
903
-39
-73

D

(V
(*)

1

2

0
0

0
4
2

1,445

(*>
(D)

O

-2

1,644

12

(*)
(D)

(*)

Middle EastIran. ..
Other-

16
928
35
327

29

C)
(*)

15

53
174
284
(*)

Other Africa.
Liberia..
Libya.—
Nigeria. .
Other....

(*)

8

7
1
4
72

(*)
-5
(*)

-2
(*)

0
-2
-2

-1
13
6

()
*

(•)

3

9
135

23
113

111

75

-3
-2

105

41
(*)
(D)

69

Suppressed to avoid disclosure of data of individual companies.

Delaware, textiles and apparel and
printing and publishing in New York,
and fabricated metals in Massachusetts;
these were partially offset by a relatively large gain in military equipment




C)
-4

717
8

Developing countries-

•Less than $500,000 ( ± ) .

20
0

27

10
(D)
()
*
(E>)

215

1

864

Australia
New Zealand.
South Africa-

337
-12
-17

241
2,276
188
427
837
120
140
13
146
405

(D)

in Connecticut.
Construction wages
declined in all but one
growing States; in
exception—construction

and salaries
of these slowDelaware—the
was up 3 per-

cent, less than half the national
average. Similarly, the advance in
service-type industries was well below
the national average except in Hawaii,
which just equaled the national average.

SUEVEY OF CURRENT BUSINESS

August 1977

55

Table 24.—Earnings—1976
[Millions of dollars]
Manufacturing
Mining
All
and Petroindus- smelt- leum
tries
ing

Total

Food
products

Chemi- Primary
cals and
and
fabri- Machinallied
cated
ery
prodmetals
ucts

Transportation
equipment

Transportation,
Ficommunance Other
Other
nicaTrade and indusmanu- tion, and
insur- tries
facturpublic
ance
ing
utilities

All countries.--

18,843

861

5,157

7,281

587

1,409

363

2,325

1,472

1,125

148

1,659

2,652

Developed countries.

11,298

604

1,780

6,030

438

1,104

291

1,910

1,430

857

54

1,157

1,016

Canada

3,782

238

1,011

1,847

161

270

100

419

453

443

217

277

EuropeEuropean communities (9).
Belgium and Luxembourg.
France
Germany
Italy
Netherlands
Denmark
Ireland
United Kingdom

6,058

-5

425

3,626

197

748

164

1,281

933

303

4,750
260
468
1,999
282
675
82
183
801

-3

309
-130

3,339
268
277
1,727
224
204
36
187
416

155
-9
2
(D)
14
12
(D)
28
13

670
83
35
187
76
49
8
127
104

120

957
42
78

239
10
67
56
23
25

37

1,199
133
90
586
87
103
3
6
189

287
42
39
49
109
49

42
1
16
(D)
17
(D)

78
6
41
7
19
5

44

82

19

10
33
18

-24
0
-49
(*)
23
3

64
9
2
3
23
28

-3

137

28

20

15

91

()
*

50

21
1
-7

60
4
28

()
*

32
2
15

0
-1
0
(*)

76
336

W

8
6

1,085
657
(D)

856

-2
(*)
-3
-1
0

665

497

290
30
61
77
10
46
25
15
27

491
87
19
102
32
27
2
3
219

331
6

565
3
30
16
496
20

174
1
138
28

34

-7

69

18
(D)

e

Australia
New Zealand.
South Africa-

-2
0
-1
0
0
-1

116
54
-6

418

0

108

225

28

14

1,040

371

236

331

52

71

29

72

815
23

Japan
Australia, New Zealand, and South Africa-

-22
-72

1,308
109
103
60
845
191

Other Europe.
Norway
Spain
Sweden
Switzerland.
Other

-1
-1

348
(*)
22

183

231
6

23
1

25
-1

48
1

257

3,176

95

28

53
-1
19

5

23

149

305

42

268

367

1,615

424

1,252

73

416

41

216

211

1,366

135

56
56

300
)
32
181

41
47
(*)
(*)
(*)
-8
(*)
(*)
(*)

216
24
112
(*)
24
-5
2
(*)

184
15
59
2
2
16
43
5
30
7

351
26
74
1
20
2
123
(•)
18
8
79

119
2
46
1
2
16

1,014
654
273

16

202

Developing countries..

7,112

Latin America
Latin American Republics..
Argentina
Brazil
Chile
Colombia
Mexico.
Panama
Peru
Venezuela.
Other Central America. _.
Other
Other Western Hemisphere..
Bahamas
Bermuda
Jamaica
Other

159

453

82

228

26
-2
-4
10
(*)
-5

75

3,354
1,874
244
733
22
81
74
225
15
258
71
151
1,480
679
505
63
234

13

33
77

()

9
3
26
1
47
4
6
225

(D)

o

57

104
108

997
887
146
452
5
53
34
14
4
133
30
15
111
5
90
6
11

Other Africa-

592

460

Liberia. .
Libya
Nigeria. _
Other
Middle East-

13
212
177
58

1,920

1,641

196
1,724

178
1,463

5

1,247

622

)
8
)

)

40
1
7
24

23
2
2
(*)

C)

20
10
(*)
13
2
7
3
1

234

D

)

261

111
8

-7
0

D

25
34

()
*

(*)
(*)
(*)

(•)

(*)

(*)

-4
(*)

()
(*)
C)

(*)
(*)

2
204
166
10
35

47

-2
1
5

22

9

18
2

1
2

16

45
214
192
140

124

(*)

Iran
Other..
Other Asia and Pacific _
India
Indonesia...
Philippines.
Other

28
626
87
505




<*)
(*)

C)

16

i

16
5
46
167

D

-7
0

0
5
-4

(*)
(*)

Suppressed to avoid disclosure of data of individual companies.

(*)

C)

-1

(*)
9

(*)

(*)

5

192

-1
20

2
58

17
174

-16

120

181

(*)
-3
-17

1
-1
14
106

5
8
24
143

73

135

21

-5

-3
10
2
14
25

0
2
3
60

-8

52
1
-2
15
8

200

International and unallocated.
" Less than $500,000 ( ± ) .

(*)

6
577

o

(*)

10

108

45

5

-1
0

(*)
11
(•)

7
66

Alternative Estimates of Capital Consumption and Profits of Nonfinancial Corporations, 1974-76
Revised and updated estimates of capital consumption allowances, capital consumption adjustment, and profits of nonfinancial
corporations, based on alternative depreciation formulas and service lives and valued at historical and current cost, are shown below.
These estimates incorporate the revised and updated national income and product account (NIPA) estimates that appeared in the July
1977 SURVEY OF CURRENT BUSINESS. Estimates for 1929-72 appeared in the March 1976 SURVEY; estimates for 1973 appeared in the

August 1976 SURVEY. Service lives used for nonresidential structures and equipment are 100 percent of Internal Revenue Service Bulletin
F (F), 85 percent of Bulletin F (.85F), 75 percent of Bulletin F (.75F), and 100 percent of Bulletin F through 1940 with a gradual decrease
to 75 percent of Bulletin F in 1960 (F to .75F); for residential structures, the lives are 80 and 65 years for new l-to-4 and 5-or-more unit
structures, respectively, with lives half as long as these for additions and alterations.

Table 1.—Capital Consumption Allowances, Nonfinancial Corporations: National Income and Product Account Estimates and
Estimates Based on Alternative Methods of Depreciation

Table 2.—Capital Consumption Adjustment, Nonfinancial Corporations: National Income and Product Account Estimates and
Estimates Based on Alternative Methods of Depreciation

[Billions of dollars]

[Billions of dollars]
1974

Line
Capital consumption allowances, NIPA *

77.7

Capital consumption allowances with capital consumption
adjustment, NIPA 2

80.8

1975

Line

85.3

1

92.5

97.3

107.0

55.5
59.4
62.4
63.1

Current cost valuation:
Straight-line depreciation:
F service lives
.75F service lives
F to.75F service lives

69.3
73.3
76.3
76.8

76.1
80.2
83.5
84.0

77.2
83.6
86.2

Double-declining balance depreciation:
F service lives
.85F service lives
.75F service lives
F to .75F service lives

2
3
4
5

66.9
71.4
75.0
75.7

63.4
67.0
69.8
70.4

Double-declining balance depreciation:
F service lives
.85F service lives
.75F service lives
F to .75F service lives

60.7
64.9
68.2
69.0

93.1
100.5
103.3

102.6
110.2
113.0

83.7
86.9
89.3
91.2

100.1
103.5
106.1
108.2

108.9
112.3
114.8
116.8

1. Tax return-based capital consumption allowances.
2. Based on current cost valuation, straight-line depreciation, and .85F service lives.

1975

-3.0

-12.0

-14.5

22.3
18.4
15.4
14.6

24.5
20.3
17.0
16.3

25.6
21.1
17.5
16.8

14.3
10.7
7.9
7.4

15.9
12.0
9.0
8.5

16.4
12.2
9.0
8.5

_ _
_

.6
-5.8
-8.4

-7.9
-15.2
-18.0

-10.2
-17.8
-20.5

Double-declining balance depreciation:
F service lives
__
.85F service lives
.75F service lives
F to .75 F service lives

-6.0
-9.1
-11.5
_ _ _ _ _ -13.4

-14.8
-18.3
-20.9
-22.9

-16.5
-19.8
-22.3
-24.3

Capital consumption adjustment, NIPA i

6
7
8
9

10
11
12
13
14
15
16

Historical cost valuation:
Straight-line depreciation:
F service lives
.85F service lives
.75F service lives
F to .75F service lives

__ _

Double-declining balance depreciation:
F service lives
.85F service lives.._
.75F service lives
F to .75F service lives.._ _
Current cost valuation:
Straight-line depreciation:
F service lives.
.75F service lives
F to .75F service lives

_
__

1. Equals line 1, table 1, minus line 2, table 1.
2. Lines 2 through 16 are equal to tax return-based capital consumption allowances (line 1,
table 1) minus the capital consumption allowances based on the designated valuation, depreciation formula, and service lives (lines 3 through 17, table 1). For example, line 2 equals
line 1, table 1, minus line 3, table 1.

Table 3.—Corporate Profits With Inventory Valuation Adjustment, Nonfinancial Corporations: 1 National Income and Product Account Estimates and Estimates Based on
Alternative Methods of Depreciation
[Billions of dollars]
1974

Line

1975

1976

1

Corporate profits before deduction of capital consumption allowances, with inventory
valuation adjustment, NIPA

140.2

175.6

208.9

2

Corporate profits with inventory valuation adjustment and without capital consumption adjustment, NIPA 2
.
.
.

62.5

90.3

116.4

3

Corporate profits with inventory valuation and capital consumption adjustments,
NIPA 3

59.5

78.3

101.9

84.8
80.9
77.9
77.1

114.8
110.6
107.3
106.6

142.0
137.5
133.9
133.2

__.-

76.9
73.2
70.4
69.9

106.2
102.3
99.3
98.8

132.8
128.7
125.4
124.9

________

63.1
56.7
54.1

82.5
75.1
72.3

106.3
98.7
97.9

56.5
53.4
51.0
49.1

75.5
72.0
69.5
67.4

100.0
96.6
94.1
92.1

Corporate profits with inventory valuation and capital consumption adjustments,
alternative methods of depreciation: 4
4
5
6
7
g
9
10
11

12
13
14
15
16
17
18

Historical cost valuation:
Straight-line depreciation:
F service lives
85 F service lives
75F service lives
F to .75 service lives

- .
.. . .

Double-declining balance depreciation:
F service lives
. . . .
.85F service lives . . .
--. . . .
75 F service lives
F to .75F service lives
Current cost valuation:
Straight-line depreciaiton:
F service lives
.75F service lives ._
F to 75F service lives

- . . . .
.

Double-declining balance depreciation:
F service lives
85F service lives
.75F service lives
*
F to .75F service lives
- -

,.

...

-

..

. . .

-

1. Excludes profits originating in the rest of the world.
2. Equals line 1, table 3, minus line 1, table 1.
3. Equals line 2, table 3, plus line 1, table 2.
4. Lines 4 through 18 are equal to N I P A profits with inventory valuation adjustment and without capital consumption
adjustment (line 2, table 3) plus the captial consumption adjustment based on the designated valuation, depreciation
formula, and service lives (lines 2 through 16, table 2). For example, line 4 equals line 2, table 3, plus line 2, table 2.

56




1976

Capital consumption adjustment, alternative methods of
depreciation: 2

Capital consumption allowances with capital consumption
adjustment, alternative methods of depreciation:
Historical cost valuation:
Straight-line depreciation:
F service lives
.85F service lives
.75F service lives
F to .75F service lives

1974

Fixed Nonresidential Business and Residential Capital in the United States, 1974-76
Revised and updated estimates of gross and net stocks offixednonresidential business and residential capital in the United States in
current and constant dollars are shown below. These estimates incorporate the national income and product account estimates of fixed
investment that appeared in the July 1977 SURVEY OF CURRENT BUSINESS. Estimates for 1925-72 appeared in the April 1976 SURVEY;
estimates for 1973 appeared in the August 1976 SURVEY.
Table 1.—Current-Dollar Gross Stocks of Fixed Nonresidential Business Capital, by Major Industry Group and Legal Form of Organization
[Billions of dollars]
By major industry group
Total

Farm

By legal form of organization
Corporate

Nonfarm nonmanufacturing

Manufacturing

End
of
year

Noncorporate
Total

Nonfinancial

EquipEquipEquipEquipEquipEquipment Equip- Struc- ment Equip- Struc- ment Equip- Struc- ment Equip- Struc- ment Equip- Struc- ment Equip- Strucand
tures
and
and
and
tures
and
tures
ment
tures
ment
ment
ment
ment Tures
ment
tures
and
strucstrucstrucstrucstrucstructures
tures
tures
tures
tures
tures
963.4 1,171.9
1974... 2,135.3
1975... 2,372.2 1,104.1 1,268.0
1976... 2,522.6 1,200.7 1,321. 9

146.3
161.8
172.4

82.8
94.4
102.2

63.5
67.3
70.2

480.1
529.4
563.1

269.8
307.7
338.6

210.3 1,508.9
221.7 1,681.0
224.5 1,787.1

610.8
898.1 1,565.1
702.0
979.0 1,750.2
759.9 1,027.2 1,868.5

774.4
890.5
970.2

790.7 1,498.9
859.6 1,675.3
898.2 1,786.0

747.0
859.0
934.7

751.9
816.3
851.3

Equipment Equip- Strucand
ment
tures
structures
570.2
622.0
654.1

381.2
408.4
423.7

189.0
213.6
230.5

Table 2.—Current-Dollar Net Stocks of Fixed Nonresidential Business Capital, by Major Industry Group and Legal Form of Organization
[Billions of dollars]
1979... 1,244.1
1975... 1,367.2
1976... 1,440.6

532.8
604.0
650.9

711.3
763.2
789.7

81.4
89.3
94.3

43.9
50.0
53.8

37.4
39.3
40.6

257.6
281.3
298.9

147.4
165.7
182.8

110.2
905.1
115.6
996.6
116.1 1,047.4

341.4
388.3
414.4

563.6
899.2
995.2
608.3
633.0 1,053.8

433.1
491.3
529.8

466.1
504.0
524.0

852.9
943.5
997.6

416.0
471.9
508.2

436.8
471.6
489.4

344.9
372.0
386.8

99.7
112.7
121.1

245.2
259.3
265.6

Table 3.—Constant-Dollar Gross Stocks of Fixed Nonresidential Business Capital, by Major Industry Group and Legal Form of
Organization
[Billions of 1972 dollars]
1974... 1,656.6
1975... 1,700.2
1976... 1,743.4

780.6
805.0
827.8

875.9
895.2
915.7

112.3
114.3
116.2

63.5
64.6
65.4

48.8
49.7
50.8

375.5
380.7

218.6
223.0
231.9

156.9 1,168.8
157.7 1,205.2
157.7 1,237.7

498.6
517.4
530.4

670.2 1,220.9
687.8 1,255.2
707.3 1,288.8

630.4
651.6
671.4

590.5 1,168.7
603.6 1,199.0
617.4 1,228.6

607.1
626.3
644.1

561.6
572.7
584.4

150.2
153.4
156.4

435.6
445.1
454.6

285.4
291.7
298.3

Table 4.—Constant-Dollar Net Stocks of Fixed Nonresidential Business Capital, by Major Industry Group and Legal Form of Organization
[Billions of 1972 dollars]
1974...
1975...
1976—

963.7
980.0
996.7

431.8
440.5
449.0

532.0
539.5
547.7

62.8
63.6
64.1

34.1
34.5
34.7

28.8
29.0
29.3

201.6
202.3
206.7

119.4
120.0
125.2

82.2
82.3
81.5

699.3
714.2
726.0

278.3
286.0
289.2

420.9
428.2
436.9

700.8
713.8
727.4

352.4
359.4
366.7

348.4
354.4
360.7

664.6
675.4
686.7

338.0
344.0
350.3

326.6
331.3
336.4

79.4
81.1
82.4

262.9
266.2
269.4

183.5
185.1
187.0

NOTE.—Capital stock estimates are based on straight-line depreciation and .85F service lives.

Table 5.—Current-Dollar Gross Stocks of Residential Capital, by Legal Form of Organization and Tenure Group
[Billions of dollars]
By tenure group l

By legal form of organization
Business
End of year

Corporate
Total

1974
1975.
1976

Owner occupied

Government

Tenant occupied

Total

1,862.0
2,062.8
2,243.0

1,820.5
2,016.9
2,193.6

Total

67.8
75.1
81.0

Nonfinancial

Noncorporate

65.2
72.0
77.4

Total

1,752.7
1,941.8
2,112.6

41.5
45.8
49.4

Federal

12.7
14.0
15.1

State
and
local

28.8
31.8
34.3

Farm

54.5
59.2
63.0

Nonfarm

1,261.1
1,405.3
1,540.1

Farm

Nonfarm

483.1
529.2
566.7

16.1
17.0
17.7

Table 6.—Current-Dollar Net Stocks of Residential Capital, by Legal Form of Organization and Tenure Group
[Billions of dollars]

1974.
1975.
1976.

1,216.5
1,340.0
1,452.4

1,186.1
1,307.0
1,417.4

48.4
53.0
56.4

46.7
50.9
53.8

1,137.7
1,254.0
1,361.0

30.3
33.0
35.0

8.6
9.4
9.9

21.7
23.6
25.1

24.7
26.7
28.4

871.2
964.9
1,054.1

284.5
309.5
329.3

4.2
4.4
4.5

Table 7.—Constant-Dollar Gross Stocks of Residential Capital, by Legal Form of Organization and Tenure Group
[Billions of 1972 dollars]
1974
1975.
1976...

1,451.3
1,476.7
1,509.2

1,419.0
1,44a 9
1,476.1

53.0
53.9
54.7

51.0
51.7
52.2

1,366.0
1,390.0
1,421.4

32.3
32.7
33.2

9.9
10.0
10.1

22.4
22.7
23.0

42.4
42.3
42.3

982.2
1,005.2
1,035.3

377.4
379.8
382.4

12.5
12.2
11.9

Table 8.—Constant-Dollar Net Stocks of Residential Capital, by Legal Form of Organization and Tenure Group
[Billions of 1972 dollars]
1974...
1975
1976.

948.1
959.1
977.0

924.4
935.5
953.5

37.8
38.0
38.0

36.5
36.5
36.3

1. Excludes stocks of nonhousekeeping residential capital, such as hotels, motels, and
dormitories.




886.6
897.5
915.5

23.6
23.6
23.5

6.7
6.7
6.7

16.9
16.9
16.8

19.2
19.1
19.1

678.6
690.2
708.5

222.2
222.1
222.2

3.3
3.1
3.0

NOTE.—Capital stock estimates are based on straight-line depreciation and service lives
given in the text of the April 1976 SURVEY article.

57

Revised Manufacturing and Trade Inventories and Sales, 1973: IV-1977: II
Quarterly estimates of inventories, sales, and inventory-sales ratios for manufacturing and trade, in constant dollars are shown below.
These estimates are consistent with the revised national income and product account (NIPA) estimates that appears in the July 1977
SURVEY OF CURRENT BUSINESS. Estimates for merchant wholesale and retail trade for 1959-72 appear in the May 1976 SURVEY, and for
1973 appear in the August 1976 SURVEY.
Table 1.—Manufacturing and Trade Inventories in Constant Dollars, Seasonally Adjusted, End of Quarter
[Billions of 1972]
1973

1974

IV
Manufacturing and trade

II

1975

III

1976

II

IV

III

IV

II

1977

III

IV

II

219.0

221.8

223.7

223.5

225.0

220.5

217.0

217.6

216.2

218.8

222.3

225.8

225.9

228.5

231.5

123.6

125.8

127.1

127.6

128.6

127.6

125.7

124.7

124.0

124.4

126.1

127.7

128.1

128.7

130.3

Durable goods
Primary metals *
Fabricated metal products *
Machinery, except electrical *
Electrical machinery *
Motor vehicles and parts
Other transportation 1equipment *.
Other durable goods *

82.8
11.7
10.5
17.9
12.0
5.9
10.5
14.3

84.2
11.6
10.6
18.4
12.3
5.9
10.7
14.7

84.5
11.6
10.6
18.8
12.2
5.6
10.7
15.0

84.9
11.7
10.6
19.0
12.1
5.7
10.6
15.3

85.5
12.0
11.0
19.4
11.9
5.7
10.4
15.2

85.4
12.9
11.0
19.5
11.6
5.2
10.4
14.8

84.6
13.4
10.8
19.2
11.2
5.1
10.4
14.3

83.3
13.3
10.6
19.0
11.0
4.9
10.4
14.1

82.0
13.4
10.4
18.3
10.8
4.8
10.2
14.0

81.4
13.3
10.2
18.0
10.8
5.0
10.0
14.1

82.0
13.6
10.0
17.9
11.2
5.1
9.9
14.3

82.4
13.9
10.2
17.9
11.3
5.0
9.8
14.3

82.7
14.3
10.3
18.0
11.4
4.8
9.5
14.4

83.0
14.2
10.2
18.1
11.8
4.9
9.3
14.6

83.8
14.4
10.4
18.2
12.0
5.0
9.3
14.7

Nondurable goods
Food and kindred products
Nonfood
Paper and allied products
Chemicals and allied products *.
Petroleum and coal products..-.
Rubber and plastics products *_.
Other nondurable goods 2 *

40.7
11.0
29.7
3.2
7.1
2.5
3.0
13.9

41.6
11.5
30.1
3.2
7.4
2.6
3.0
13.8

42.6
12.1
30.5
3.3
7.6
2.8
3.0
13.9

42.7
11.9
30.9
3.4
7.6
2.9
2.9
14.1

43.0
11.7
31.4
3.5
7.7
3.0
2.9
14.4

42.2
11.4
30.8
3.5
7.4
3.1
2.8
14.0

41.1
11.0
30.1
3.4
7.3
3.0
2.7
13.7

41.4
11.4
30.0
3.4
7.2
3.0
2.7
13.7

42.0
11.8
30.2
3.4
7.2
3.1
2.7
13.7

42.9
12.2
30.7
3.5
7.4
3.1
2.7
14.0

44.1
12.7
31.3
3.6
7.5
3.2
2.7
14.4

45.3
13.5
31.8
3.6
7.8
3.2
2.7
14.4

45.4
13.6
31.8
3.7
7.9
3.3
2.8

45.7
13.8
31.9
3.7
7.8
3.3
2.9
14.2

46.4
13.9
32.5
3.9
7.9
3.4
2.9
14.3

35.2

36.5

37.6

37.4

37.7

36.6

35.6

35.9

35.4

36.1

37.2

37.8

Durable goods

21.2

21.8

22.3

22.9

23.3

23.1

22.4

22.2

22.2

22.4

23.0

23.4

Nondurable goods
Groceries and farm products

14.0
5.4
8.5

14.7
5.8
8.9

15.3
6.0
9.2

14.5
5.4
9.1

14.4
5.3
9.1

13.6
4.7
8.9

13.2
4.5
8.7

13.6
4.9
8.7

13.3
4.4
8.8

13.7
4.8

14.2
5.3

14.3
5.2
9.2

60.3

59.5

59.0

58.4

58.7

56.3

55.7

57.0

56.8

58.3

59.0

60.3

28.0
14.2
13.8

27.6
13.7
13.8

26.7
13.0
13.7

26.4
12.9
13.5

27.7
14.2
13.4

25.5
12.3
13.2

25.2
12.1
13.1

26.4
13.1
13.2

26.1
12.8
13.3

26.3
12.8
13.5

26.4
12.5
13.8

32 2
5.8
26.5

32.0
5.9
26.1

32.3
6.0
26.3

32.1
5.7
26.4

31.0
5.7
25.3

30.8
5.8
25.0

30.4
5.8
24.7

30.6
5.8
24.8

30.7
5.9
24.8

32.0
6.1
25.9

32.7
6.1

Manufacturing

Merchant wholesalers

Other nondurable goods
Retail trade
Durable goods
Automotive dealers
Other durable goods
Nondurable goods
Foodstroes
Other nondurable goods

14.2

38.5

38.9

23.7

24.3

14.9
5.4
9.5

14.6
5.3
9.3

60.1

61.2

62.4

27.5
13.2
14.2

27.4
13.2
14.2

27.9
13.3
14.5

28.2
13.5
14.6

32.9
6.3
26.6

32.6
6.5
26.2

33.3
6.4
26.9

34.2
6.3
27.9

37.8
23.1
14.7
5.3

Table 2.—Manufacturing and Trade Sales in Constant Dollars, Seasonally Adjusted Quarterly Totals at Monthly Rate
[Billions of 1972 dollars]
1973

1974

II

IV

Manufacturing and trade
Manufacturing

III

IV

1977

1976

1975

III

II

IV

III

II

IV

140.1

135.4

135.3

135.2

134.0

126.8

122.5

122.9

126.5

127.4

131.9

133.3

134.2

135.3

139.2

68.8

68.8

68.8

68.0

64.6

60.3

60.6

62.7

63.2

65.9

66.7

66.7

66.9

69.7

69.7
38.2
5.1
4.6
6.6
5.1
6.5
2.8
7.6

Durable goods
Primary metals*
Fabricated metal products*
Machinery, except electrical*
Electrical machinery*
Motor vehicles and parts
Other transportation equipment
Other durable goods **

38.8
5.9
4.8
6.3
5.2
6.2
3.2
7.1

38.2
5.9
5.0
6.5
5.3
5.2
3.1
7.2

38. 2
6.0
4.8
6.6
5.2
5.2
3.1
7.2

37.7
5.9
4.6
6.9
5.0
5.3
2.9
7.1

35.9
5.4
4.2
6.9
4.6
4.9
3.0
6.9

32.8
4.7
3.9
6.2
4.3
4.2
3.2
6.5

32.4
4.2
3.8
6.0
4.3
4.6
2.9
6.5

33.3
4.5
4.0
6.0
4.4
4.9
2.7

33.5
4.4
4.1
6.0
4.4
4.9
2.7
6.8

35.2
4.7
4.4
6.2
4.6
5.6
2.7
7.0

35.9
5.0
4.5
6.4
4.7
5.6
2.7
7.0

35.6
5.0
4.4
6.3
4.8
5.5
2.5
7.1

35.8
4.6
4.4
6.3
4.9
5.8
2.6
7.1

38.0
4.8
4.6
6.5
5.1
6.8
2.8
7.5

Nondurable goods
Food and kindred products
Nonfood
Paper and allied products
Chemicals and allied products*
Petroleum and coal products—
Rubber and plastics products*
Other nondurable goods 2 *

29.9
9.5
20.4
2.7
5.3
2.4
2.0
8.0

30.5
9.8
20.7
2.7
5.5
2.4
2.0
8.0

30.6
9.8
20.7
2.7
5.6
2.5
1.9
8.1

30.3
10.1
20.2
2.6
5.3
2.6
1.8
7.8

28.7
9.6
19.1
2.5
4.9
2.5
1.7
7.5

27.5
9.3
18.1
2.2
4.6
2.5
1.5
7.3

28.2
9.7
18.5
2.2
4.7
2.6
1.6
7.4

29.4
9.9
19.4
2.4
4.9
2.6
1.7
7.9

29.8
9.8
20.0
2.4
5.1
2.6
1.7
8.2

30.7
10.0
20.7
2.5
5.3
2.8
1.8
8.3

30.8
10.0
20.8
2.6
5.2
2.9
1.8

31.1
10.5
20.6
2.5
5.2
2.9
1.7

31.1
10.4
20.7
2.5
5.3
2.8
1.8

31.6
10.3
21.4
2.6
5.6
3.0
1.9
8.2

31.5
9.9
21.6
2.7
5.6
3.0
1.9
8.4

27.8

28.6

28.6

28.3

26.2

25.6

25.0

25.9

25.5

26.4

28.3

28.9

Durable goods

13.4

13.9

13.8

13.4

12.4

11.6

11.2

11.5

11.5

12.0

12.8

13.1

Nondurable goods
Groceries and farm products

14.3
6.6
7.7

14.7
6.6
8.1

14.8
7.0
7.8

14.9
7.0
7.9

13.8
6.5
7.3

14.0
7.1
7.0

13.9
6.8
7.1

14.4
7.2
7.2

14.1
6.9
7.1

15.9
8.0
7.8

38.8

37.9

37.8

37.7

36.0

36.5

37.2

37.9

Merchant wholesalers

Other nondurable goods
Retail trade
Durable goods
Automotive dealers
Other durable goods
Nondurable goods
Food stores
Other nondurable goods
See footnotes at end of table 4.

58




8.4

8.3

8.3

26.8

27.7

27.6

14.4
7.1
7.3

12.1
14.7
7.2
7.5

12.2
15.4
8.0
7.5

12.2
15.4
7.9
7.5

38.6

39.6

39.8

39.9

40.8

15.5
7.7
7.7
41.3

13.5
7.9
5.6

13.4
7.8

13.6
7.9
5.7

14.2
8.5
5.7

14.3
8.4
5.9

26.3
8.1
18.2

26.5
8.1
18.3

27.2
8.4
18.8

27.1
8.3
18.8

27.1
8.4
18.8

13.3
7.8
5.5

12.8
7.3
5.6

12.8
7.3
5.6

12.7
7.3
5.4

11.4
6.3
5.2

11.7
6.6
5.2

11.9
6.7
5.2

12.4
7.1
5.3

12.9
7.4
5.5

13.4
7.9
5.6

25.5
7.6
17.9

25.1
7.5
17.6

24.9
7.4
17.5

25.0
7.6
17.3

24.6
7.5
17.1

24.8
7.6
17.2

25.3
7.7
17.6

25.5
7.7
17.8

25.7
7.7
18.0

26.2
7.9
18.2

41.4

SUEVEY OF CUREENT BUSINESS

August 1977

59

Table 3.—Constant-Dollar Inventory-Sales Ratios for Manufacturing and Trade, Seasonally Adjusted
[Ratio, based on 1972 dollars]
1974

1973
II

IV

1975
III

IV

1971

II

III

IV

II

1977

III

IV

II

1.62

1.64

1.66

1.67

1.77

1.80

1.77

1.72

1.70

1.66

1.67

1.68

1.67

1.64

1.65

1.80

1.83

1.85

1.88

1.99

2.12

2.07

1.99

1.96

1.89

1.89

1.91

1.92

1.85

1.87

Durable goods
Primary metals*
Fabricated metal products*
Machinery, except electrical*
Electrical machinery*
Motor vehicles and parts
Other transportation 1equipment* Other durable goods *

2.13
1.98
2.17
2.81
2.30
.96
3.30
2.01

2.20
1.96
2.12
2.83
2.34
1.13
3.44
2.04

2.21
1.92
2.21
2.84
2.34
1.07
3.43
2.08

2.25
1.98
2.32
2.73
2.43
1.07
3.61
2.16

2.38
2.21
2.58
2.83
2.57
1.16
3.51
2.20

2.60
2.75
2.85
3.15
2.71
1.25
3.29
2.29

2.61
3.23
2.80
3.20
2.59
1.11
3.59
2.19

2.50
2.94
2.65
3.18
2.48
1.01
3.82
2.08

2.45
3.03
2.51
3.03
2.44
.98
3.78
2.06

2.32
2.87
2.32
2.90
2.35
.•88
3.76
2.01

2.29
2.72
2.23
2.80
2.39
.91
3.73
2.03

2.31
2.76
2.33
2.82
2.38
.91
3.88

2.31
3.08
2.35
2.84
2.32
.83
3.64
2.04

2.18
2.96
2.21
2.77
2.31
.72
3.33
1.96

2.19
2.84
2.24
2.74
2.38
.76
3.31
1.94

Nondurable goods
Food and kindred products
Nonfood
Paper and allied products
Chemicals and allied products*.
Petroleum and coal products....
Rubber and plastics products*..
Other nondurable goods 2 *

1.36
1.16
1.45
1.22
1.32
1.04
1.47
1.74

1.36
1.18
1.45
1.18
1.35
1.07
1.48
1.72

1.39
1.23
1.47
1.22
1.36
1.12
1.58
1.72

1.41
1.18
1.53
1.30
1.43
1.13
1.58
1.80

1.50
1.22
1.64
1.43
1.58
1.17
1.64
1.91

1.53
1.22
1.70
1.57
1.62
1.22
1.84
1.92

1.46
1.14
1.63
1.53
1.54
1.18
1.73
1.84

1.41
1.15
1.55
1.46
1.46
1.14
1.62
1.74

1.41
1.21
1.51
1.40
1.43
1.17
1.59
1.68

1.40
1.23
1.48
1.37
1.40
1.12
1.50
1.68

1.43
1.27
50
41
44
10
48
72

1.46
1.29
1.54
1.43
1.62
1.11
1.54
1.74

1.46
1.30
1.54
1.48
1.49
1.17
1.58
1.70

1.45
1.34
1.50
1.42
1.39
1.11
1.50
1.73

1.47
1.41
1.50
1.43
1.41
1.16
1.53
1.70

1.27

1.28

1.32

1.32

1.44

1.43

1.43

1.39

1.39

1.37

1.39

1.37

1.37

1.36

1.34

1.58

1.57

1.62

1.71

1.88

1.99

2.01

1.93

1.93

1.86

1.90.

1.91

1.89

1.85

1.86

.97
.82
1.11

1.00
.88
1.10

1.03
.87
1.18

.78
1.15

1.05
.82
1.24

.97
.66
1.27

.67
1.23

.95
.69
1.21

.94
.64
1.24

.95
.67
1.23

.97
.74
1.19

.93
.65
1.23

.95
.67
1.25

.96
.70
1.23

.92
.66
1.18

Manufacturing and trade..
Manufacturing

Merchant wholesalers-

Durable goods.
Nondurable goods
Groceries and farm products..
Other nondurable goods
Retail trade.
Durable goods
Automotive dealers. _
Other durable goods..
Nondurable goods
Food stores
Other nondurable goods_.

1.55

1.57

1.56

1.55

1.63

1.54

1.50

1.50

1.47

1.47

1.48

1.51

1.47

1.48

1.51

2.10
1.82
2.50

2.15
1.89
2.48

2.08
1.79
2.47

2.07
1.76
2.49

2.42
2.27
2.60

2.18
1.87
2.56

2.12
1.81
2.52

2.13
1.86
2.48

2.03
1.74
2.42

1.96
1.62
2.43

1.95
1.59
2.46

2.05
1.70
2.54

2.01
1.68
2.48

1.96
1.56
2.55

1.97
1.61
2.49

1.27
.76
1.48

1.28
.78
1.48

1.29
.80
1.50

1.28
.75
1.52

1.26
.76
1.48

1.24
.76
1.46

1.20
.75
1.40

1.20
.76
1.39

1.19
.76
1.38

1.22
.76
1.42

1.24
.75
1.46

1.24
.77
1.45

1.20
.78
1.39

1.23
.77
1.44

1.26
.76
1.49

Table 4.—Fixed-Weighted Constant-Dollar Inventory-Sales Ratios for Manufacturing and Trade, Seasonally Adjusted
[Ratio, based on 1972 dollars]
1974

1973
IV
Manufacturing and trade.

1975

II

III

1976

II

III

IV

II

1977

III

IV

II

1.59

1.61

1.63

1.65

1.75

1.78

1.76

1.71

1.69

1.65

1.66

1.69

1.68

1.65

Manufacuturing

1.77

1.80

1.82

1.86

1.95

2.07

2.06

1.98

1.96

1.90

1.90

1.93

1.93

1.87

1.88

Durable goods

2.13
1.36

2.18
1.36

2.18
1.40

2.22
1.42

2.33
1.51

2.53
1.54

2.56
1.46

2.46
1.41

2.43
1.40

2.32
1.39

2.29
1.43

2.32
1.47

2.33
1.46

2.22
1.45

2.22
1.48

Nondurable goods

1.65

1.24

1.25

1.29

1.30

1.42

1.43

1.43

1.39

1.39

1.36

1.38

1.38

1.36

1.35

1.57
.96

1.56
.98

1.62
1.01

1.71
.95

1.89
1.02

1.98
.96

1.99
.94

1.92
.93

1.91
.93

1.84
.94

1.88
.95

1.90
.94

1.87
.96

1.83
.96

1.84
.92

1.44

1.45

1.48

1.44

1.45

1.47

2.00
1.22

1.96
1.18

1.92
1.22

1.93
1.24

Merchant wholesalers.

Durable goods
Nondurable goods
Retail trade
Durable goods
Nondurable goods

1.52

1.54

1.52

1.52

1.63

1.53

1.48

1.48

1.44

2.09
1.24

2.13
1.24

2.05
1.26

2.04
1.26

2.38
1.25

2.12
1.23

2.07
1.18

2.08
1.18

1.98
1.17

1. Includes stone, clay and glass products; instruments and related products; and other
durable goods.
2. Includes tobacco manufacturers; textile mill products; apparel products; printing and
publishing; and leather and leather products.
NOTE.—As indicated in the July 1977 SURVEY OF CURRENT BUSINESS, the industrial classification underlying the revised NIPA estimates is now based on the 1972 Standard Industrial
Classification (SIC), replacing the 1967 SIC. In tables 1-4, the estimates for manufacturing
also are based on the 1972 SIC; industries affected are marked with an asterisk (•). The estimates for merchant wholesale and retail trade are based on the 1967 SIC; however the definition
of total trade is the same in the 1967 and 1972 SIC. Estimates for manufacturing for 1959-73




1.91
1.20

1.90
1.23

based on the 1972 SIC and incorporating revisions to the shipments series made by the
Census Bureau are available on request.
Tables 1, 2, and 8: Manufacturing inventories are classified according to the type of product
produced by the establishment holding inventories; constant dollar inventories in table 17
of the national income and product tables include, in addition to the industries shown here,
nonmerchant wholesalers, other nonfarm industries, and farms.
Table 4: The weighted I-S ratios shown in this table were obtained by weighting detailed
industry I-S ratios with 1972 sales. Additional industrial detail was used than is shown in
table 2. For manufacturing, I-S ratios for 21 industries were weighted by sales: for merchant
wholesalers, 7 categories of business, and for retail trade, 8.

SUEVEY OF CUREENT BUSINESS

60

August 1977

SEASONALLY UNADJUSTED NIPA ESTIMATES
Table 1.22.—Gross National Product: Quarterly Totals Not Seasonally Adjusted
[Billions of dollars]
1973

1975

1974

IV

II

III

IV

1976

II

III

IV

II

III

IV

Gross national product

354.6

329.5

350.5

352,5

380.3

349.4

372.3

385.1

422.0

395.9

422.4

427.1

461.1

Personal consumption expenditures

219.1

202.4

221.3

226.5

239.4

222.9

241.6

248.1

267.7

251.7

270.6

274.2

297.5

33.6
95.0
90.4

25.9
82.5
94.0

31.5
93.6
96.2

31.8
95.2
99.5

32.8
104.9
101.6

26.7
90.6
105.6

32.8
101.1
107.8

34.1
103.0
111.0

39.3
114.7
113.8

33.8
98.7
119.2

40.4
109.3
120.9

39.8
110.0
124.5

45.0
124.8
127.7

60.8

53.6

53.1

51.0

56.9

42.1

40.4

48.2

58.4

54.9

59.1

62.2

67.1

52.6

46.0

53.0

53.3

53.3

44.4

50.4

51.4

54.4

48.7

57.9

59.4

64.0

36.9

13.5
23.3
15.7
15.2
.2
.3

34.1
12.0
22.1
11.9
11.4
.2
.3

38.3
13.3
25.0
14.7
14.1

37.6
14.3
23.3
15.7
15.1

40.6
14.8
25.8
12.7
12.1
.4
.3

35.0
11.9
23.1
9.4
9.1
.1
.2

37.7
12.9
24.8
12.7
12.3
.2
.3

36.3
13.8
22.5
15.1
14.5
.3
.3

40.1
14.3
25.8
14.3
13.6
.4
.3

36.3
11.8
24.5
12.4
11.8
.3
.3

40.7
13.8
26.9
17.2
16.7
.2
.3

40.4
14.8
25.5
19.1
18.5
.2
.3

44.6
15.4
29.2
19.4
18.8
.3
.3

8.2
6.9
1.3

7.6
8.4
-.8

-2.3
-2.3
0

3.5
4.5
-1.0

-2.3
-3.3
1.0

-10.1
-10.4
.4

-3.2
-4.0
.9

4.1
2.7
1.4

6.3
6.6
-.3

1.3
1.8
-.5

2.7
2.9
-.1

3.1
3.6

39.8
40.6

43.7
41.3

Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential...
Nonfann structures
Farm structures
Producers' durable equipment
Change in business inventories
Nonfarm
Farm
Net exports of goods and services

4.2

Imports

3.9

.7

-2.1

3.5

5.1

6.2

2.6

6.4

3.4

2.8

29.5
25.3

Exports

31.7

34.5
33.8

33.0
35.1

38.8
35.2

36.8
31.7

36.5
30.2

34.7
32.1

39.3
32.9

38.4
35.0

40.9
38.1

79.3

84.1

86.2

89.4

85.8

89.9

91.5

94.1

29.6
20.4
9.1
49.7

30.7
21.0
9.7
53.4

29.9
20.2
9.6
56.3

33.2
22.3
11.0
56.2

31.1
21.2

32.3
22.1
10.2
57.6

31.8
21.1
10.7
59.7

22.4
12.5
59.2

70.5

Government purchases of goods and services

27.3
18.8
8.5
43.3

Federal
National defense
Nondefense
State and local

27.8
69.6
25.7
18.2
7.5
43.9

75.4

77.1

27.8
19.9
7.8
47.7

27.4
18.7
8.7
49.7

30.3
20.2
10.2
50.2

9.9

54.7

2.4

Table 2.5.—Personal Consumption Expenditures by Major Type of Product: Quarterly Totals Not Seasonally Adjusted
[Billions of dollars]
1973

1974

IV

III

IV

202.4

221.3

226.5

239.4

25.9

31.5

31.8

32.8

12.7
15.3
5.6

II

III

IV

222.9

241.6

248.1

267.7

26.7

32.8

34.1

39.3

10.4
11.6
3.9

13.2
13.6
4.7

13.5
13.7
4.6

10.9
16.1
5.8

10.8
11.8
4.2

13.7
14.0
5.1

14.8
14.3
5.1

14.7
17.9
6.7

I

II

III

251.7

270.6

274.2

297.5

33.8

40.4

39.8

45.0

15.7
13.3
4.7

19.4
15.4
5.6

18.7
15.5
5.6

18.1
19.6
7.3

I

IV

95.0

82.5

93.6

95.2

104.9

90.6

101.1

103.0

114.7

98.7

109.3

110.0

124.8

45.0
19.8
7.5

Nondurable goods

42.5
12.9
7.5

47.2
16.1
9.6

49.4
15.8
10.0

50.7
20.5
9.3

47.6
13.6
8.9

52.6
16.7
9.8

54.1
16.9
10.5

51.6
14.8
9.4

56.5
18.1
10.4

57.9
18.2
10.9

3.9

2.3

2.0

59.5
25.2
10.7

18.9

22.1

21.1

25.5

2.4

-- _

-_
_ _

2.0

1.7

2.8

3.3

2.1

1.8

16.5

18.8

18.3

21.6

17.2

20.0

19.7

55.2
23.0
9.9
3.0
23.6

90.4

Services

3.1

20.3

Food
Clothing and shoes
Gasoline and oil
F u e l oil a n d coal . . _
Other

Housing
Household operation
Electricity and gas
Other
Transportation
Other
_

II

33.6

Motor vehicles and parts
_
_
Furniture and household equipment
Other

I

219.1

Personal consumption expenditures
Durable goods

1976

1975

94.0

96.2

99.5

101.6

105.6

107.8

111.0

113.8

119.2

120.9

124.5

127.7

32.0
12.8
5.1
7.7
7.1
38.6

32.9
14.4
6.6
7.8
7.4
39.3

93.6
13.4
5.5
8.0
7.6
41.5

34.6
13.7
5.6
8.1
7.8
43.5

35.4
14.6
6.4
8.2
7.9
43.7

36.2
16.9
8.5
8.4
7.9
44.6

37.1
15.4
6.7
8.7
7.9
47.4

38.2
15.6
6.7
8.9
8.1
49.2

39.3
16.3
7.2
9.1
8.3
49.9

40.4
19.2
9.6
9.5
8.7
51.0

41.5
17.0
7.2
9.8
9.1
53.3

42.7
17.4
7.3
10.0
9.4
55.0

43.3
19.4

3.8

9.1

10.3
9.6

55.3

Table 8.4.—Corporate Profits With Inventory Valuation Adjustment and Without Capital Consumption Adjustment: Quarterly Totals
Not Seasonally Adjusted
[Billions of dollars]
1974

1973
IV
Corporate profits with inventory valuation
adjustment and without capital consumption adjustment
Profits before tax
Profits tax liability

Profits after tax

Inventory valuation adjustment




I

II

1976

1975
III

IV

II

I

III

IV

I

II

III

IV

25.7

20.7

23.2

20.3

22.3

19.4

27.3

31.4

33.4

32.3

37.7

36.6

36.1

29.9

28.0

33.2

34.4

31.4

23.2

30.1

34.2

36.1

35.4

41.7

40.0

3$. 8

12.3
17.6

11.4
16.6

14.1
19.1

14.4
19.9

12.5
18.9

9.2
14.0

12.2
17.8

14.2
20.1

14.5
21.5

14.4
21.0

17.5
24.2

16.7
23.3

16.2
23.7

-4.2

-7.3

-9.9

-14.1

-9.1

-3.8

-2.7

-2.9

-2.6

-3.1

-3.9

-3.4

-3.7

SUEVEY OF CUERENT BUSINESS

August 1977

61

Table 3.3.—Federal Government Receipts and Expenditures: Quarterly Totals Not Seasonally Adjusted
[Billions of dollars]
1973

1974

IV

II

III

IV

II

1976
III

IV

II

III

IV

76.8

61.6

Receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance

1975

29.6
10.8
5.4
15.7

27.2
9.9
5.1
24.6

76.6

68.3

67.7

71.0

76.5

71.7

76.2

89.7

33.7
12.4
5.5
25.2

36.9
12.7
5.6
21.5

33.3
11.0
5.5
18.6

28.9
7.9
5.1
25.8

28.2
10.5
6.0
26.3

35.8
12.2
6.3
22.3

32.7
12.5
6.6
19.9

29.7
12.4
5.2
28.9

38.9
15.1
6.2
29.4

41.5
14.4
6.1
24,9

37.2
13.9
6.9
22.4

79.6

67.9

69.9

75.0

74.8

79.7

84.3

89.9

88.7

94.3

94.6

94.7

95.9

101.0

Purchases of goods and services
National defense
Nondefense

27.3
18.8
8.5

25.7
18.2
7.5

27.8
19.9
7.8

27.4
18.7
8.7

30.3
20.2
10.2

29.6
20.4
9.1

30.7
21.0
9.7

29.9
20.2

33.2
22.3
11.0

31.1
21.2
9.9

32.3
22.1
10.2

31.8
21.1
10.7

34.9
22.4
12.5

Transfer payments
To persons
To foreigners

24.7
24.1
.6

27.5
26.8
.7

29.0
28.0
1.0

29.7
29.0
.7

31.5
30.8
.7

35.3
34.6

37.8
36.9
.9

37.5
36.8
.7

38.6
37.8
.7

41.1
40.3
.7

39.7
38.9

40.1
39.2

41.2
40.4
.8

Grants-in-aid to State and local governments

10.2

10.2

11.4

10.8

11.5

12.0

14.1

13.9

14.6

14.3

14.7

15.5

16.6

5.0
5.7
4.8
1.0
.7

5.1
5.8
4.8
1.0

5.4
6.1
5.0
1.1
.7

5.4
6.3
5.1
1.2

5.5
6.3
5.1
1.2

5.6
6.5
5.4
1.1
.9

5.9
6.8
5.7
1.1
1.0

6.3
7.4
6.3
1.1
1.1

6.6
7.7
6.7
1.1
1.1

6.6
7.9
6.8
1.1
1.3

6.8
8.1
6.9
1.2
1.3

7.2
8.6
7.3
1.2
1.4

1.5

1.7

1.2

1.8

1.5

1.5

1.6

1.4

1.8

1.1

.8
-.7

1.0
-.7
-.2

.7
-.5

1.0
.1

1.4
-.4

.9
-.6

1.3
-.3

1.5
-. 1

1.2
-.2

1.6
-.3

1.4
.3

-.4

0

0

1.1
-.7
0

0

0

0

0

1.8

1.8

-11.3

-16.5

-19.0

-12.1

-22.6

-18.4

-5.1

-9.1

-21.4

III

IV

Expenditures

4.9
5.7
4.7
1.0

Net interest paid
Interest paid
To persons and business
To foreigners
Less: Interest received by government
Subsidies less current surplus of government
enterprises
Subsidies
Less: Current surplus of government enterprises.
Less: Wage accruals less disbursements
Surplus or deficit (—), national income and
product accounts

0
-6.4

0
-3.0

0

0

Table 3.5.—State and Local Government Receipts and Expenditures: Quarterly Totals Not Seasonally Adjusted
[Billions of dollars]
1973

1974

IV
Receipts

II

1975
III

IV

II

1976
III

IV

II

54.2

48.7

52.6

49.9

59.2

53.6

59.0

56.3

66.8

61.7

65.0

62.9

75.2

9.1
1.4
30.3
3.2
10.2

9.6
1.4
24.2
3.3
10.2

10.0
1.7
26.1
3.4
11.4

9.6
1.8
24.3
3.5
10.8

10.1
1.5
32.4
3.7
11.5

10.4
1.3
26.1
3.8
12.0

11.3
1.7
28.0
3.9
14.1

10,5
2.0
25.8
4.0
13.9

11.2
2.0
34.8
4.2
14.6

11.7
2.0
29.3
4.3
14.3

12.9
2.4
30.5
4.5
14.7

11.8
2.3
28.7
4.6
15.5

13.0
2.2
38.6
4.8
16.6

46.6

46.7

50.3

52.5

53.3

53.2

57.1

59.8

59.7

58.3

61.3

63.5

63.1

43.3
5.2

43.9
4.9
-1.0

47.7
5.0
-1.3

49.7
5.2
-1.3

50.2
5.4
-1.3

49.7
5.6
-1.1

53.4
5.8
-1.0

56.3
6.1
-1.5

56.2
6.2
-1.5

54.7
6.3
-1.4

57.6
6.4
-1.6

59.7
6.5
-1.5

59.2
8.6
-1.2

Subsidies less current surplus of government
enterprises
Subsidies
Less: Current surplus of government enterprises.
Less: Wage accruals less disbursements

-1.1
0
1.1
0

-1.0
0
1.1
0

-1.1
0
1.1
0

-1.1
0
1.1
0

-1.1
0
1.1
0

-1.1
0
1.1
0

-1.1
0
1.1
0

-1.1
0
1.2
0

-1.2
0
1.2
0

-1.3
0
1.3
0

-1.2
.1
1.3
0

-1.3
.1
1.3
0

-1.4
.1
1.5
0

Surplus or deficit (—), national income and
product accounts

7.6

2.0

2.3

5.9

.4

1.9

7.1

3.3

3.7

-.6

12.0

Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
Federal grants-in-aid.
Expenditures
Purchases of goods and services
Transfer payments to persons
Net interest paid

-2.6

-3.5

Table 4.2.—Foreign Transactions in the National Income and Product Accounts: Quarterly Totals Not Seasonally Adjusted
[Billions of dollars]
1973

1974

IV
Receipts from foreigners
Exports of goods and services
Capital grants received by the United States (net).
Payments to foreigners
Imports of goods and services
Transfer payments (net)
From persons (net)
From government (net)
Interest paid by government to foreigners
Net foreign investment




II

1975
III

IV

1976
III

IV

II

III

IV

29.5

29.7

34.5

33.0

38.8

36.8

36.5

34.7

39.3

38.4

40.9

39.8

43.7

29.5
0

31.7
-2.0

34.5
0

33.0

36.8
0

36.5
0

34.7

0

39.3
0

38.4
0

40.9
0

39.8
0

43.7

0

38.8
0

29.5

29.7

34.5

33.0

38.8

36.8

36.5

34.7

39.3

38.4

40.9

39.8

43.7

25.3
1.2
.6
.6
1.0
20

27.8
.9
.2
.7
1.0
0

33.8
1.3
.3
1.0
1.0
-1.7

35.1
1.0
.3
.7
1.1
-4.2

35.2
1.0
.3
.7
1.2
1.4

31.7
1.0
.2
.8
1.2
3.0

30.2
1.1
.2
.9
1.1
4.0

32.1
.9
.2
.7
1.1
.5

32.9
1.0
.2
.7
1.1
4.3

35.0
1.0
.2
.7
1.1
1.4

38.1
1.0
.2
.8
1.1
.7

40.6
1.1
.2
.9
1.2
-3.1

41.3
1.0
.3
.8
1.2
.2

0

SUEVEY OF CURRENT BUSINESS

62

August 1977

Summary National Income and Product Series, 1929-76
Table A.—Gross National Product
[Billions of dollars]
Constant (1972) dollars

Current dollars
Gross private
domestic investment

Year
GNP

PCE

Fixed
Total investment

Net
exports

Government
purchases

Gross private
domestic investment
GNP

PCE

Fixed
Total investment

CBI

Final sales

Net
exports

CBI

Government
Current
purdollars
chases

Constant
(1972)
dollars

Year-to-year percent change
GNP
implicit
price
deflator
ConGNP
(Index
Current
stant
numbers, dollar
dollar implicit
price
1972=100)
GNP
GNP
deflator

1929.

103.4

77.3

16.2

14.5

1.7

1.1

8.8

314.7

215.6

55.9

51.3

4.6

2.2

40.9

101.7

310.0

32.87

6.6

6.6

1930
1931..
1932
1933
1934

90.7
76.1
58.3
55.8
65.3

69.9
60.5
48.6
45.8
51.3

10.2

10.6

-.4

6.8
3.4
3.0
4.1

-1.1
-2.5
-1.6

9.5
9.5
8.3
8.2

10.0

200.0
192.1
174.1
170.7
177.2

38.6
23.7

__ n

285.2
263.3
226.8
222.1
239.4

13.1

39.1
26.7
15.1
13.3
16.4

-.5

5.6
1.0
1.4
3.3

1.0
.5
.4
.4
.6

2.0
1.3
.9
.2
.5

44.6
46.2
44.0
42.8
48.7

91.1
77.2
60.8
57.4
66.0

285.7
266.3
234.0
227.0
242.7

31.81
28.89
25.69
25.13
27.27

-12.3
-16.1
-23.4
-4.2
17.0

-9.4
-7.7
-13.8
-2.1

1935
1936....
1937
1938
1939 .

72.5
82.7
90.7
85.0
90.8

55.8
62.0
66.6
64.0
67.0

6.4

5.3

1.1

.1

8.5
11.8
6.5
9.3

260.8
296.1
309.8
297.1
319.7

188.1
206.8
214.3
209.2
220.3

24.0
32.2
39.8
24.0
33.6

21.1
28.4
33.5
26.6
32.0

-1.1
-1.3
-.7
2.6
2.0

49.8
58.5
56.3
61.3
63.8

71.4
81.5
88.2
85.9
90.4

257.9
292.3
303.4
299.7
318.1

27.80
27.94
29.29
28.59
28.40

11.0
14.1
9.7
-6.4
6.9

8.9

13.5
4.6
-4.1
7.6

1940
1941
1942 .
1943
1944

100.0
124.9
158.3
192.0
210.5

71.0
80.8
88.6
99.4
108.2

13.1
17.9

7.2
9.2
7.4
8.8
10.9
13.4

10.2
12.2
12.0
13.2
13.5

9.9
5.8
7.2

14.2
24.9
59.8
88.9
97.0

343.6
396.6
454.6
527.3
567.0

230.4
244.1
241.7
248.7
255.7

44.6
55.8
29.6
18.1
19.8

38.4
43.8
24.4
18.0
22.1

3.0
.8

8.1
6.4
8.1

65^5
95.9
185.8
267.9
298.8

97.8
120.4
156.5
192.6
211.5

337.4
384.6
449.4
527.3
569.3

29.10
31.49
34.82
36.41
37.13

10.1
24.9
26.8
21.3

15.4
14.6
16.0

9.6

7.5

4.6
2.0

1945
1946
1947 .
1948..
1949..

212.3
209.6
232.8
259.1
258.0

119.5
143.8
161.7
174.7
178.1

10.6
30.7
34.0
45.9
35.3

11.7
24.3
34.4
41.1
38.4

559.0
477.0
468.3
487.7
490.7

271.4
301.4
306.2
312.8
320.0

27.8
71.0
70.1
82.3
65.6

31.4
58.8
70.4
76.8
70.0

213.4
203.2
233.2
254.4
261.1

562. 6
464.9
468.5
482.2
495.1

37.99
43.93
49.70
53.13
52.59

.9
-1.3
11.1
11.3

2.3
15.6
13.1

-4.4

264.3
93.1
75.4
84.1
96.2

1.4
-14.7
-1.8

-3.1

82.8
27.5
25.5
32.0
38.4

4.1
.6

-1.0

1950 .
1951 .
1952
1953..
1954 .

286.2
330.2
347.2
366.1
366.3

192.0
207.1
217.1
229.7
235.8

53.8
59.2
52.1
53.3
52.7

47.0
48.9
49.0
52.9
54.3

10.3
3.1
.4
-1.5

533.5
576.5
598.5
621.8
613.7

338.1
342.3
350.9
364.2
370.9

93.7
94.1
83.2
85.6
83.4

83.2
80.4
78.9
84.1
85.6

10.6
13.7
4.3
1.5
-2.2

279.4
319.9
344.0
365.7
367.8

522.9
562.8
594.2
620.3
615.8

53.64
57.27
58.00
58.88
59.69

8.7
8.1

2.0
6.8

4.5

97.7
132.7
159.5
170.0
154.9

10.9
15.4
5.1
5.5

2.0

38.5
60.1
75.6
82.5
75.8

1955 .
1956 .
1957..
1958..
1959

399.3
420.7
442.8
448.9
486.5

253.7
266.0
280.4
289.5
310.8

68.4
71.0
69.2
61.9
77.6

62.4
66.3
67.9
63.4
72.3

75.0
79.4
87.1
95.0
97.6

654.8
668.8
680.9
679.5
720.4

395.1
406.3
414.7
419.0
441.5

104.1
102.9
97.2
87.7
107.4

96.3
97.1
95.7
89.6
101.0

7.7

5.2

2.2
4.3
6.1
2.5
.6

4.7
7.3
8.9
3.5
.9

150.9
152.4
160.1
169.3
170.7

393.3
416.0
441.4
450.4
481.2

647.1
633.0
679.4
681.3
714.0

60.98
62.90
65.02
66.06
67.52

9.0
5.4
5.2
1.4
8.4

1960 .
1961 .
1962....
1963
1964

506.0
523.3
563.8
594.7
635.7

324.9
335.0
355.2
374.6
400.4

76.4
74.3
85.2
90.2
96.6

72.7
72.1
78.7
84.2
90.8

3.8
2.2
6.5
6.0
5.8

4.4
5.8
5.4
6.3
8.9

100.3
108.2
118.0
123.7
129.8

736.8
755.3
799.1
830.7
874.4

453.0
462.2
482.9
501.4
528.7

105.4
103.6
117.4
124.5
132.1

101.0
100.7
109.3
116.8
124.8

4.4
2.9
8.1
7.8
7.3

5.5
6.7
5.8
7.3

172.9
182.8
193.1
197.6
202.7

502.2
521.1
557.3
588.8
629.9

732.4
752.4
791.0
823.0
867.1

68.67
69.28
70.55
71.59
72.71

4.0
3.4
7.7
5.5
6.9

1965
1966
1967 .
1968 .
1969....

688.1
753.0
796.3
868.5
935.5

430.2
464.8
490.4
535.9
579.7

112.0
124.5
120.8
131.5
146.2

102.5
110.2
110.7
123.8
136.8

9.5

925.9
138.4
158.7
981.0
180.2 1,007.7
198.7 1,051.8
207.9 1,078.8

558.1
586.1
603.2
633.4
655.4

150.1
161.3
152.7
159.5
168.0

138.8
144.6
140.7
150.8
157.5

11.3
16.7
12.0

7.7
9.4

7.6
5.1
4.9
2.3
1.8

10.6 - 1 . 3

209.6
229.3
248.3
259.2
256.7

678.6
738.7
786.2
860.8
926.2

914.6
964.3
995.7
1,043.1
1,068.2

74.32
76.76
79.02
82.57
86.72

1970
1971 . .
1972
1973
1974

982.4
1,063.4
1,171.1
,306.6
,412.9

618.8
668.2
733.0
809.9
889.6

140.8
160.0
188.3
220.0
214.6

137.0
153.6
178.8
202.1
205.7

3.8
6.4
9.4

3.9
1.6

-3.3

218.9
233.7
253.1
269.5
302.7

1,075.3
1,107.5
1,171.1
1,235.0
1,217.8

668.9
691.9
733.0
767.7
760.7

154.7
166.8
188.3
207.2
183.6

150.4
160.2
178.8
190.7
175.6

4.3
1.4
6.6 - . 6
9.4 - 3 . 3
7.6
16.5
8.0 15.9

250.2
249.4
253.1
252.5
257.7

978.6
1,057.1
1,161.7
1,288.6
1,404.0

1,071.0
, 100.9
,161.7
, 218.5
L, 209.9

91.36
96.02
100.00
105.80
116.02

338.9 1,202.1
361.4 1,274.7

775.1
821.3

141.6
173.0

151.5
164.5

22.5
16.0

263.0
264.4

1,540. 3
1, 693.1

L, 212.0
L, 266.2

127.18
133.88

1975
1976

, 528.8 980.4 189.1
, 706. 5 1,094.0 243.3

1.3
2.5
-.9
.4

.1
.3
1.3
1.1

2.2
4.5
1.8
-.6

1.7
1.3
.0

-2.0
-1.0 -1.8
-1.0
6.4
-.5

-.6
7.6
11.6

4.7

6.5
6.2

6.8

6.0
4.7
1.3

-1.5

14.3
10.1

17.9

1.9
3.8

2.4
.6

8.9

7.1
6.0

200.6 -11.5
230.0
13.3

20.4
7.8

7.9
8.4

NOTE.—PCE = Personal consumption expenditures; CBI = Change in business inventories.




-3.0
-7.2
-4.9
-3.3
2.9

3.8
6.3
-2.6
1.6
6.2

12.0

-2.5
-7.3
-2.3 -7.2
5.2
.1

-3.6 -4.5
12.2 11.6
- . 2 16.6
5.5

5.8
1.5

-1.8
6.5

8.7

-9.9
8.5

8.5
8.8
4.0
7.4

4.9
2.0

10.9
8.2
4.3
3.5
-.4

-.4

7.8

7.5

00
—3 2
—9 2
—11 1
—2.2
85
19
.5
48
-2.4
_ 7
25
82
10 6

6.9

3.8
3.9
-1.3

1.3
1.5

6.7
2.1
1.8
6.0

2.2
3.2
3.4
1.6
2.2

2.3
2.5
5.8
4.0
5.3

1.7
.9
1.8
1.5
1.6

8.2
9.4
5.8
9.1
7.7

5.9
5.9
2.7
4.4
2.6

2.2
3.3
2.9
4.5
5.0

5.0
8.2

-.3
3.0
5.7
5.5

5.4
5.1
4.1
5.8
9.7

.0

10.1
11.6

__ o

8.1

-1.4

8.2

-1.3

11.6

6.0

1.4

9.6
5.3

SURVEY OF CURRENT BUSINESS

August 1977

63

Table B.—National Income and Disposition of Personal Income
[Billions of dollars]

Year

Proprietors' income with
IVAandCCAdj.
Rental
Comincome
Na- pensaof persons
tional tion of
with
income emCCAdj.
ployees Total Farm Nonfarm

Corporate profits with IVA and CCAdj.

Total

Profits
before
tax

Profits after tax
CC

Total

Undistributed

IVA

Adj.

Net
interest

Less:
Per- Personal
Less: Equals Saving
sonal tax and Equals: PerPer- as perincome nontax
DPI
sonal sonal centage
payoutlays saving of D P I
ments

D P I in
constant
(1972)
dollars

1929

84.8

51.1

14.9

6.2

8.8

4.9

9.2

10.0

8.6

2.8

0.5

-1.3

4.7

84.9

2.6

82.3

79.1

3.1

3.8

229.8

1930
1931
1932
1933
1934

73.8
58.6
42.4
39.9
48.7

46.8
39.7
31.1
29.5
34.3

11.7
9.1
5.6
5.8
7.5

4.3
3.4
2.1
2.6
3.0

7.4
5.6
3.5
3.2
4.6

4.4
3.6
2.9
2.2
1.7

5.9
1.3
—1.7
-1.7
1.0

3.7
-.4
-2.3
1.0
2.3

2.9
-.9
-2.7
.4
1.6

-2.6
-4.9
-5.2
-1.6
-1.0

3.3
2.4
1.0
-2.1
-.6

-1.0
-.7
-.5
-.5
-.7

4.9
5.0
4.6
4.1
4.1

76.2
65.4
50.0
46.9
53.7

2.5
1.8
1.4
1.4
1.6

73.7
63.5
48.6
45.5
52.1

71.1
61.4
49.3
46.5
52.0

2.6
2.1
-.7
-1.0
.1

3.5
3.3
-1.4
-2.2
.2

210.6
201.7
174.3
169.7
179.7

1935
1936
1937
1938
1939

56.5
64.3
72.3
66.0
71.3

37.3
42.9
47.9
45.0
48.1

10.7
10.9
13.1
11.2
11.7

5.3
4.3
6.0
4.4
4.4

5.4
6.6
7.1
6.8
7.3

1.8
1.8
1.9
2.4
2.6

2.6
4.9
5.6
3.8
5.3

3.6
6.3
6.8
4.0
7.0

2.6
4.9
5.3
2.9
5.6

-.2
.4
.6
-.2
1.8

-.2
-.7
0
1.0
-.7

-.8
-.7
-1.2
-1.1
-1.0

4.1
3.8
3.7
3.6
3.6

60.3
68.4
73.8
68.0
72.4

1.9
2.2
2.9
2.8
2.4

58.4
66.2
70.9
65.1
69.9

56.4
62.8
67.5
64.9
67.8

2.0
3.4
3.4
.3
2.1

3.4
5.2
4.7
.4
3.0

196.6
220.7
227.8
212.8
230.1

1940
1941
1942
1943
1944

79.7
102.6
135.7
169.1
181.9

52.1
64.8
85.3
109.5
121.2

12.9
17.4
24.0
29.0
30.2

4.5
6.4
9.8
11.7
11.6

8.4
10.9
14.3
17.3
18.6

2.7
3.1
4.0
4.4
4.5

8.7
14.1
19.3
23.5
23.6

10.0
17.7
21.5
25.1
24.1

7.2
10.1
10.1
11.1
11.2

3.2
5.7
5.9
6.6
6.5

-.2
-2.5
-1.2
-.8
-.3

-1.1
-1.1
-1.0
-.8
-.2

3.3
3.3
3.1
2.7
2.4

77.8
95.3
122.4
150.7
164. 4

2.6
3.3
5.9
17.8
18.9

75.2
92.0
116.5
132.9
145.5

72.0
81.8
89.4
100.1
109.0

3.3
10.2
27.0
32.7
36.5

4.4
11.1
23.2
24.6
25.1

244.3
278.1
317.3
332.2
343.9

1945
1946
1947
1948
1949

180.6
178.3
194.6
219.0
212.7

123.1
118.1
129.2
141.4
141.3

31.7
36.6
35.8
40.7
36.1

12.2
14.9
15.2
17.5
12.7

19.4
21.6
20.6
23.2
23.5

4.6
5.5
5.3
5.7
6.1

19.0
16.6
22.2
29.1
26.9

19.7
24.6
31.5
35.2
28.9

9.0
15.5
20.2
22.7
18.7

4.4
9.9
13.9
15.7
11.5

-.6
-5.3
-5.9
-2.2
1.9

-.1
-2.7
-3.4
-3.9
-3.8

2.2
1.6
2.1
2.1
2.2

169.8
177.3
189.8
208.5
205.6

20.8
18.7
21.4
21.0
18.5

149.0
158.6
168.4
187.4
187.1

120.4
145.2
163.5
176.9
180.4

28.5
13.4
4.9
10.6
6.7

19.2
8.5
2.9
5.7
3.6

338.6
332.4
318.8
335.5
336.1

1950
1951
1952
1953
1954

236.2
272.3
285.8
299.7
299.1

154.8
181.0
195.7
209.6
208.4

38.4
42.8
42.9
41.3
40.8

13.5
15.8
14.9
12.9
12.3

24.9
27.0
28.0
28.4
28.5

7.1
7.7
8.8
10.0
11.0

33.7
38.1
35.4
35.5
34.6

42.6
43.9
38.9
40.5
38.1

24.7
21.3
19.5
20.2
20.5

15.9
12.8
11.0
11.5
11.4

-5.0
-1.2
1.0
-1.0
-.3

-4.0
-4.6
-4.5
-4.1
-3.2

2.3
2.7
3.0
3.4
4.3

226.1
253.7
270.4
286.1
288.2

20.6
28.9
34.0
35.5
32.5

205.5
224.8
236.4
250. 7
255.7

194.7
210.0
220.4
233.7
240.1

10.8
14.8
16.0
17.0
15.6

5.3
6.6
6.8
6.8
6.1

361.9
371.6
382.1
397.5
402.1

1955
1956
1957
1958
1959

328.0
346.9
362.3
364.0
397.1

224.9
243.5
256.5
258.2
279.6

42.5
43.6
45.0
47.4
47.2

11.3
11.2
11.0
13.1
10.7

31.2
32.4
33.9
34.3
36.6

11.3
11.6
12.2
12.9
13.2

44.6
42.9
42.1
37.5
48.2

48.4
48.6
46.9
41.1
51.6

26.4
26.6
25.5
22.1
28.0

16.1
15.5
14.0
10.8
15.8

-1.7
-2.7
-1.5
-.3
-.5

-2.1
-3.0
-3.3
-3.4
-2.9

4.8
5.2
6.5
8.0
8.8

308.8
330.9
349.3
359.3
382.1

35.4
39.7
42.4
42.1
46.0

273.4
291.3
306.9
317.1
336.1

258.5
271.6
286.4
295.4
317.3

14.9
19.7
20.6
21.7
18.8

5.4
6.8
6.7
6.8
5.6

425.9
444.9
453.9
459.0
477.4

1960
1961
1962
1963
1964

412.0
424.2
457.4
482.8
519.2

294.9
303.6
325.1
342.9
368.0

47.0
48.3
49.6
50.3
52.2

11.4
11.8
11.9
11.6
10.3

35.6
36.4
37.7
38.7
42.0

13.8
14.3
15.0
15.7
16.1

46.6
46.9
54.9
59.6
67.0

48.5
48.6
53.6
57.7
64.7

25.8
25.8
29.6
31.5
36.7

13.0
12.5
15.2
16.0
19.4

.3
.1
.1
-.2
-.5

-2.3
-1.8
1.2
2.1
2.8

9.8
11.2
12.8
14.3
15.9

399.7
415.0
440.7
463.1
495.7

50.4
52.1
56.8
60.3
58.6

349.4
362.9
383.9
402.8
437.0

332.3
342.7
363.5
384.0
410.9

17.1
20.2
20.4
18.8
26.1

4.9
5.6
5.3
4.7
6.0

487.3
500.6
521.6
539.2
577.3

396.5
439.3
471.9
519.8
571.4

56.7
60.3
61.0
63.4
66.2

12.6
13.6
12.1
12.0
13.9

44.1
46.7
48.9
51.4
52.3

17.1
18.2
19.4
18.6
18.1

77.1
82.5
79.3
85.8
81.4

75.2
80.7
77.3
85.6
83.4

44.3
47.1
44.9
46.2
43.8

25.2
27.6
24.7
24.2
21.2

-1.9
-2.1
-1.7
-3.4
-5.5

3.8
3.9
3.7
3.7
3.5

18.5
21.9
24.3
26.8
30.8

537.0
584.9
626.6
685.2
745.8

64.9
74.5
82.1
97.1
115.4

472.2
510.4
544.5
588.1
630.4

441.9
477.4
503.7
550.1
595.3

30.3
33.0
40.9
38.1
35.1

6.4
6.5
7.5
6.5
5.6

612.4
643.6
669.8
695.2
712.3

1970
1971
1972
1973

566.0
622.2
655.8
714.4
767.9
798.4
858.1
951.9
1,064.6

609.2
650.3
715.1
799.2

65.1
67.7
76.1
92.4

13.9
14.3
18.0
32.0

51.2
53.4
58.1
60.4

18.6
20.1
21.5
21.6

67.9
77.2
92.1
99.1

71.5
82.0
96.2
115.8

37.0
44.3
54.6
67.1

14.1
21.3
30.0
39.3

-5.1
-5.0
-6.6
-18.6

1.5
.3
2.5
1.9

37.5
42.8
47.0
52.3

801.3
859.1
942.5
1,052.4

115.3
116.3
141.2
150.8

685.9
742.8
801.3
901.7

635.4
685.5
751.9
831.3

50.6
57.3
49.4
70.3

7.4
7.7
6.2
7.8

741.6
769.0
801.3
854.7

1974
1975
1976

1,136.0 875.8
1,217.0
930.3
1,364.1 1,036. 3

86.2
86.0
88.0

25 A
23.2
18.6

60.9
62.8
69.4

21.4
22.3
23.3

83.6
99.3
128.1

126.9
123.5
156.9

74.5
73.4
92.1

43.6
41.0
56.4

-40.4
-12.0
-14.1

-2.9
-12.2
-14.7

170.3 984.6 913.0
169.0 1,084.4 1,004.2
196.9 1,185.8 1,119.9

71.7
80.2
65.9

7.3
7.4
5.6

842.0
857.3
890.3

1965
1966.....
1967
1968
1969

69.0 1,154.9
79.1 1,253.4
88.4 1,382. 7

NOTE.—IVA=Inventory valuation adjustment; CCAdj. = Capital consumption adjustment; DPI=Disposable personal income.




SURVEY OF CURRENT BUSINESS

64
(Continued from page 31)

homes. Third, both monetary and imputed rents were reduced by the introduction of the expense of interest on
home improvement loans. This interest
expense was reclassified from payments
by consumers to business into net
interest, to make it conform to the
treatment of mortgage interest payments by homeowners. In personal
income, the increase in interest income
was offset by a corresponding reduction
in the rental income of persons.
The net interest component of personal
interest income was also affected by statistical revisions. A revision of interest paid
on home mortgages was based on information from the Census Bureau's 1970
survey of residential finance, and a
revision in interest paid by corporate
business was based on information from
IRS, regulatory agencies, and other
sources.
Transfer payments.—Transfer payments to persons is income for which
they do not render current services.
It consists of business transfer payments and government transfer payments. Government transfer payments
include payments under the following
programs: Federal old-age, survivors,
disability, and hospital insurance; supplementary medical insurance; State
unemployment insurance; railroad retirement and unemployment insurance;
government retirement; workmen's
compensation; veterans, including
veterans life insurance; food stamp;
black lung; supplemental security income (SSI); and direct relief. Government payments to nonprofit institutions, other than for work under research and development contracts, is
also included.
In addition to the definitional and
classificational revision that affected
workmen's compensation, which was
mentioned earlier, transfer payments
were affected by two other revisions.




First, retirement pay for Navy enlisted personnel was reclassified from
other labor income into a subcomponent
of the military retirement portion of
transfer payments. This reclassification
was made to conform the treatment of
the payments to retirement pay in
general. Second, reimbursements to
Federal, State, and local government
employees for depreciation on the
official use of their autos were reclassified from transfer payments to government purchases from persons.
Estimates of the $50 per person payment made by the Federal Government to recipients of social security,
railroad retirement, and supplemental
security income payments under the
Tax Reduction Act of 1975, were
revised on the basis of new data.
The estimation of several Federal
transfer programs was improved and
changed to reflect the reorganization of
the programs. Previously, old age assistance, aid to the blind, aid to the
permanently and totally disabled, aid
to families with dependent children, and
general assistance were estimated as a
total. This total has now been divided
into three parts: A combination of the
first three programs, aid to families
with dependent children, and general
assistance. Starting in 1974, the combined programs were replaced by the
SSI program, which has two major
separately estimated parts: Basic Federal payments and State payments. The
other two programs—aid to families
with dependent children and general
assistance—continue to be estimated
separately.
Also, separate estimates of unemployment insurance benefits paid under
the Railroad Retirement Act (in addition to benefits received under the act
by the retired, the disabled, and survivors) were introduced; estimates of
Food Stamp Act payments for 1961-71

August 1977

were reworked on the basis of revised
USDA data; and Southeast Asia refugee
assistance payments were added.
Contributions for social insurance.—
Personal contributions for social insurance includes payments by employees,
self-employed, and other individuals
who participate in the following programs: Federal old-age, survivors, disability, and hospital insurance; supplementary medical insurance; State unemployment insurance; Federal- and Stateadministered workmen's compensation;
railroad retirement insurance; government retirement; and veterans' life
insurance.
Newly available State information
made it possible to prepare separate
estimates of contributions for social
insurance by civilian employees and
military personnel. Both components
exclude contributions of persons stationed abroad.

The residence adjustment
The residence adjustment was affected by the benchmark revision
change in the treatment of border
workers (U.S. residents working across
the U.S. border and foreign residents
working in the United States). This
revision was incorporated into current
procedures, which make State and local
estimates of personal income reflect the
income of the resident population.

Change in industrial classification
The industrial classification underlying the estimates of the types of
personal income for which there is
industrial detail was revised. This classification is now based on the 1972
Standard Industrial Classification (SIC);
it replaces the 1967 SIC. Labor and
proprietors' income estimates for 1975,
on both the 1967 and 1972 SIC bases,
are available on request from the Regional Economic Measurement Division.

U.S. GOVERNMENT PRINTING OFFICE : 1977

O—242-659

CURRENT BUSINESS STATISTICS

1HE STATISTICS here update series published in the 1975 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
That volume (available from the Superintendent of Documents for $5.10) provides a description of each series, references
to sources of earlier figures, and historical data as follows: For all series, monthly or quarter^, 1971 through 1974 (1964-74 for major quarterly
series), annually, 1947-74; for selected series, monthly or quarterly, 1947-74 (where available). Series added or significantly revised after the 1975
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively. 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 1975 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 187-88. 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.
OF CURRENT BUSINESS.

1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS

1975

1974

1976
II

III

1975
IV

I

II

1977

1976
III

IV

I

II

III

IV

I

II r

Annual total
Seasonally adjusted quarterly

totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PKODUCTf
Gross national product, totalf

bil.$__.

Personal consumption expenditures, total..do

1,412.9

1,528.8

1,706.5

889.6

980.4 1, 094.0

1,400.1

1,430.1

1,452.4

1,453.0

1,496.6

1,564.9

1,600.7

1,651.2

1,691.9

1,727.3

1,755.4 1,810.8 1,809. 7

879.2

909.0

916.2

936.5

965. 9

995.1 1, 024.1 1,056.0 1,078.5 1,102. 2 1,139.0 1,172.4 1,194. 0

Durable goods, total?
Motor vehicles and parts
Furniture and household equipment
Nondurable goods, total 9
Clothing and shoes
Food
Gasoline and oil

do...
do...
do...
do
do.
do.
do.

122.0
48.0
54.9

132.9
53.9
58.0

158.9
71.9
63.9

122.1
47.9
55.0

127.7
52.3
56.1

118.7
44.8
54.7

122.8
48.0
54.8

127.8
49.9
57.4

136.7
56.5
58.7

144.3
61.3
61.0

153.3
68.8
61.9

156.7
71.0
63.0

159.3
72.1
63.9

166.3
75.7
66.5

177.0
85.3
67.4

178. 0
84.5
09.3

376. 3
65.3
189.8
36.4

409.3
70.2
209. 5
39.1

442.7
76.3
225.5
41.4

372.1
65.4
186.0
36.6

383.9
66.4
193. 8
38.0

388.5
65.0
198.1
39.2

394.0
66.6
202. 6
38.2

406.4
69.8
207. 9
39.1

415.0
71.5
212.1
39.1

421.9
73.0
215.4
39.8

430.4
74.2
219.3
40.6

437.1
74.3
223.8
40.3

444. 7
76.9
227.0
41.2

458.8
79.9
232.0
43.5

400. 0
79.3
237. 9
44.1

474.4
80.4
244.8
44.3

Services, total 9
Household operation
Housing
Transportation

do.
do.
do
do.

391.3
56.1
136. 5
30.7

438.2
64.2
150.8

492.3
73.0
167.9
36.8

385.0
55.4
134.6
30.5

397.4
57.2
138.2
31.1

408.9
59.3
141.7
31.6

419.7
61.4
145.1
31.6

431.7
63.7
148.5
31.6

443.4
65.3
152.4
32.2

457.9
66.3
157.2
33.2

472.4
69.5
161.5
34.8

484.6
70.4
166.2
36.3

498.2
73.1
170.4
37.6

513.9
78.8
173.7
38.7

528. 8
80.7
177. 0
39. 5

541.1
79.2
181.9
40.5

Gross private domestic investment, total...do

214.6

189.1

243.3

219.9

210.7

210.4

175.1

171.2

205.4

204.7

231.3

244.4

254.3

243.4

271.8

294.9

Fixed investment
Nonresidential
Structures
.
Producers' durable equipment

do.
do
do
do.

205.7
150.6
54.5
96.2

200.6
149.1
52.9
96.3

230.0
161.9
55.8
106.1

207.0
150.5
55.0
95.4

208.4
153.5
54.7
98.8

203.6
153.2
55.6
97.5

197.1
149.8
53.3
96.5

196.3
147.7
51.9
95.7

200.5
148.2
52.8
95.9

208.4
150.7
53.4
97.4

216.8
155.4
54.7
100.8

226.1
159.8
55.8
104.0

232.8
164.9
56.0
109.0

244.3
167.6
57.0
110.6

258. 0
177.0
57.9
119.2

273.2
182.4
01.0
121.4

Residential
Change in business inventories
Nonfarm

do.
do.
do.

55.1
8.9
10.8

51.5
-11.5
-15.1

68.0
13.3
14.9

56.6
12.9
13.0

54.9
2.3
2.4

50.5
6.8
10.7

47.3
-22.0
-25.9

48.6
-25.1
-26.5

52.3
4.9
1.4

57.6
-3.6
-9.2

61.4
14.5
15.9

66.3
18.3
20.4

67.8
21.5
22.0

76.7
-.9
1.4

81.0
13.8
14.1

90.4
21.7
22.4

Net exports of goods and services
Exports
Imports

do.
do.
do..

6.0
137.9
131.9

20.4
147.3
126.9

162.9
155.1

3.2
134.2
131.0

2.4
140.6
138.2

8.2
150.5
142.3

15.4
147.4
131.9

24.3
142.7
118.3

20.8
146.9
126.1

20.8
152.1
131.3

10.2
153. 9
143.7

10.2
160.6
150.4

7.9
168.4
160.6

3.0
168.5
165.6

-8.2
170. 4
178. 0

-9.8
178.0
187.8

302.7
111.1
77.0
191.5

338.9
123.3
83. 9
215.6

231.2

297. 8
108. 9
75.8
188. 9

308.0
113.0
77.9
195.0

317.5
116. 9
79.6
200.7

326.0
119.6
81.6
206.4

335.2
121.8
83.0
213.3

343.5
123.8
84.4
219.7

351.0
128.1
86.7
222. 9

353.6
127.6
86.3
225. 9

358. 9
128. 5
86.0
230.4

363.0
130.2
86.4
232.7

370.0
134. 2
88.4
235.8

374. 9
130. 3
89.7
238. 5

390. 0
143. 0
93.4
247.0

1,404.0
629. 7
240.8
389. 0
626.8
147.4

1,540.3
697.7
267.5
430.2
699. 2
143.5

1,693.1
750.9
299.3
451.6
782.0
160.2

1,387.2
622. 6
240.5
382.2
614.5
150.1

1,427.8
644.0
248.2
395. 8
635.8
147. 9

1,445.5
643.7
241.3
402.3
656. 7
145.1

1,475.0
665.8
250.6
415.2
670.5
138.8

1,521.7
692. 9
263.8
429.1
689. 5
139.3

1,560.0
706.6
c
272. 5
434.2
708.4
145.0

1,604.4
725. 2
283.1
442.1
728.3
150.8

1,636.7
730.0
287.6
442.4
751.6
155.0

1,673.7
743. 4
294. 9
448.5
770.8
159.4

1,705.8
754.5
302.7
451.8
791.8
159. 6

-11.5
-9.2

13.3
4.1
9.3

12.9
1.0
11.8

2.3
6.3
-4.0

6.8
12.2
-5.4

-22.0
-12.8
—9.2

-25.1
-11.7
-13.4

4.9
-2.1
7.0

-3.6
-10.3

14.5
-2.0
16.6

18.3
7.0
11.2

o 10.9

Govt. purchases of goods and services, total .do
Federal
do
National defense
do.
State and local
do.
By major type of product:f
Final sales, total.
Goods, total.
Durable goods
Nondurable goods
Services
Structures
Change in business inventories
Durable goods
Nondurable goods

do.
do.
do
do
do.
do.
do.
do.
do .

361.4
130.1

21.5
10.7

1,756.3 1,797.0 1,848. 0
775.6
792.1
805. 4
312. 0
320. 0
339. 5
463.6
405. 0
475.9
813.8
833. 7
855. 2
166. 9
171.2
187.5
-.9
.6
c-1.6

13.8
7.8
0.0

21.7
11.5
10.2

G N P in constant (1972) dollars!

Gross national product, totalt

bil.$._

1,217.8

1,202.1

1,274.7

1,224.5

1,216.9

1,199.7

1,169.8

1,188.2

1,220.7

1,229.8

] ,256.0

1,271.5

1,283.7

Personal consumption expenditures, total..do

760.7

775.1

821.3

761.7

766.6

752.9

756.9

770.4

780.2

792.8

807.2

815.5

822.7

Durable goods
do
Nondurable goods
do
Services
do... ~
Gross private domestic investment, total...do

112.5
303.9
344.3

112.7
307.6
354.8

127.5
321.6
372.2

114.8
303. 8
343.2

115.6
305.3
345.6

104.3
301.2
347.4

106.2
301.8
349.0

109.0
308.4
353.0

115.4
308.6
356.2

120.2
311.5
361.2

183.6

141.6

173.0

189.8

176.6

170.6

133.0

130.9

153.1

175.6
130.6
45.0
8.0

151.5
112.7
38.8
-9.9

164.5
116.8
47.7
8.5

180.6
133.8
46.8
9.2

174.6
130.6
44.0
2.0

163.8
124.1
39.7
6.8

152.9
116.6
36. 3
-20.0

148.9
112.0
36.9
-18.0

150.2
111.0
39.3
2.9

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

do
do...
do
do

1,287.4 1,311.0 1,330. 0
839.8

850. 4

854.1

130. 7
329.4
379. 7

130. 9
329. 7
383. 8

137.9
330.0
380.3

125.4
316.1
365.6

126.6
319.3
369. 6

127.1
321.5
374.0

149.2

168.1

175.2

179.4

169.2

180. 7

197.2

153.8
111.3
42.6
-4.6

158.4
113.7
44.8
9.7

163.1
115. 9
47.1
12.1

165.6
118.5
47.1
13.8

171.0
119. 0
52.0
-1.8

177.0
124. 3
52. 7
9.7

184.0
120. 4
57.0
13.2

do

15.9

22.5

16.0

15.4

15.3

17.9

20.5

24.5

22.7

22.3

16.8

16.4

17.0

13.8

10.0

9.3

Govt. purchases of goods and services, total do
Federal
do
State and local
'__'"
do

257.7
95.8
161.8

263.0
96.7
166.3

264.4
96.5
167. 9

257.6
95.4
162.2

258.5
96.4
162.1

258.3
95.7
162.6

259.4
96.0
163.4

262.3
96.5
165.8

264.8
96.9
167.8

265.4
97.4
168.0

263.9
96.4
167.5

264.4
96.1
168.4

264.6
96.7
168.0

264.6
97.1
167.5

203. 3
97.0
100. 4

270.0
101.1
108.9

r
Revised.
P Preliminary.
t Revised series. Estimates of national income and product*
and personal income have been revised back to 1973 (see p. 16ff.of the July 1977 SURVEY);

242-659 O - 77 - SI




revisions prior to May 1976 for personal income appear on p. 28 of the July 1977 SURVEY
c
9Includes data for items not shown separately.
Corrected

S-l

SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS

1974

1975

1975

1974

1976

Annual total

III

August 1977

IV

II

I

1976
III

IV

I

1977
III

II

IV

I

II

III

GENERAL BUSINESS INDICATORS—Quarterly Series-—Continued
NATIONAL INCOME AND PRODUCTf—Con.
Quarterly Data Seasonally Adjusted at Annual

Rates

Implicit price deflators:!
Gross national product
Index, 1979=100
116 02
116.9
do
Personal consumption expenditures
108.4
do
Durable goods
do
123 8
Nondurable goods
Services
do
113 6
Gross private domestic investment:
Fixed investment
do
117.1
do
115 3
Nonresidential
Residential.
. ..do.... 122.3
117 5
Govt purchases of goods and services
do
115.9
Federal... ..
.
.. d o —
118.4
do
State and local
National income totalt
bil $ 1,136. 0
Compensation of employees, total
do
875. 8
do
764 1
Wages and salaries total
160. 0
Govt. and govt. enterprises
do .
604.1
do
Other
do
111.7
Supplements to wages and salaries
Proprietors' income with inventory valuation
and capital consumption adjustments,
total

"Kil £

Farm
do .
Nonfarm
. do.-.
Rental income of persons with capital consumption adjustment
hil $
Corp. profits with inventory valuation and capital consumption adjustments, total
bil. $__
Corp. profits with invent, val. adj.:
Domestic total
do
do
Financial
do
Nonfinancial total 9
Manufacturing total Q
do
Durable coods
Transportation, communication, and
electric, gas, and sanitary serv...bil. $__
Rest of the world
rin
Profits before tax, total
do
do
Profits tax liability
Profits after tax
do
Dividends
do ...
d o Undistributed profits
Inventory valuation adjustment
do
Capital consumption adjustment
Net interest
.. do....
DISPOSITION OF PERSONAL INCOME f
Quarterly Data Seasonally Adjusted at Annual

127.18
126. 5
117.9
133 1
123 5

133. 88
133.2
124.7
137.7
132.3

117.52
118.6
110.5
125.7
115.0

121. 06
121.7
113.9
129. 0
117.7

124. 21
123.7
115.6
130.6
120.3

125.96
125.4
117.2
131.8
122.3

128. 28
127.5
118.4
134.5
124.5

130.17
129.2
120.1
135.5
126. 8

131.47
130.8
122.2
136. 2
129.2

133. 06
132.3
123.8
136. 9
131.1

134. 56
134.0
125.3
138.3
133.2

136. 35
135.6
127.2
139.3
135.4

138.13
137.9
129.3
141. 5
137.8

140.51
139.8
129.5
143.8
140.1

132.4
132 3
132.8

139. 8
138.7
142.5

119.3
117.6
124.6

124.3
123.4
127.0

128.9
128.5
130.3

131.8
131.8
131.7

133.5
133.6
133. 2

135.5
135.5
135.4

136.9
136.8
137.1

138. 6
137 8
140.7

140. 6
139.2
144.1

142.9
140.9
147.5

145. 8
142.5
153.7

148.5
144.4
157.6

128.9
127.5
129.7

136.7
134.8
137. 7

119.2
117. 2
120.3

122.9
122.1
123.4

125.7
124.5
126. 3

127.8
126. 3
128.6

129.7
127.7
130.9

132.3
131.5
132.7

134.0
132.4
134.9

135.7
133.7
136.8

137.2
134.7
138.6

139.8
138.2
140.7

142.3
140. 6
143.4

144.6
142.0
146.2

1,217.0

1,364.1

1,147.1 1,159.9

1,156.0

1,191.4

1,244.9

1,275.7

1,321.0

1,353.9

1,379.6

1,402.1

, 450. 2 1,505.1

930.3 1, 036. 3
891. 8
805 7
187.2
175.4
630.3
704. 6
144.5
124.6

888.2
774.5
160. 7
613. 8
113.7

902. 2
785. 4
166. 2
619.1
116.8

904.6
785.1
169. 8
615. 2
119.6

914.4
792. 4
173.7
618. 6
122.1

936.7
810.5
176. 9
633.5
126. 3

965. 6
834.9
181.2
653. 8
130.7

999. 6 1, 024. 9 1,046.5 1, 074. 2
861. 5
882.4
900.2
923.2
182.7
185.4
188.2
192.5
678. 8
697. 0
712.0
730.7
138.1
142.5
146.3
150.9

, 109.9 1,144. 7
951. 3
980.9
197.2
194. 8
756. 4
783.6
163.8
158.6

86 2
25.4
60.9

86 0
23.2
62.8

88.0
18.6
69.4

84.7
23.0
61.7

83.3
22.0
61.3

78.9
18.3
60.6

84.3
22.7
61.6

90.4
26.7
64.2

90.4
25.5
64.9

86.9
20.0
66.9

90.4
21.6
68.8

86.2
16.2
70.0

88.7
16.6
72.0

95.1
20.7
74.3

97.0
19.7
77.3

21 4

22.3

23.3

21.5

21.9

22.1

22.3

22.2

22.6

23.0

22.9

23.3

24.1

24.5

24.9

83.6

99.3

128.1

80.1

77.6

74.0

92.7

115.6

114.7

126.5

129.2

133.5

123.1

125.4

139.7

105.4
15.0
90.3
47 9
18 5

134.6
18.2
116.4
66.3
29. 9

74.3
15.2
59.1
36.5

73.3
14.3
58.9
32.0

77.2
15.1
62.1
29.4

122. 6
14.7
107. 9
59.6
25. 9

123. 2
16.1
107.1
59.1
23.8

132.4
17.8
114.6
65.3
27 2

136.1
18.1
118.0
68.7
32.5

139.8
18.4
121.3
68.4
31.0

130.2
18.4
111.8
62.9
29.0

131.0
19.2
111.8
65. 2
31.5

128.9
19.7
109.1

76
14
62
36

9
4
5
6

115

9.4

9.4

9.0

98.4
14.3
84.1
43.4
15.4

5.3
6.0

8.5
6.2

11.1
6.3

12.1
6.0

11.1
8.6

12.1
7.6

12 2
8.4

10 4
7. 7

11 6
10.1

10.9

5.6
96

9.3
6.1

11.5
8.1

5.6
9.4

6.0
11.0

126 9
52 4
74 5
31.0
43.6

123.5
50.2
73.4
32.4
41.0

156.9
64.7
92.1
35.8
56.4

138.2
57.2
81.0
31.6
49.4

123.9
50.4
73.5
31.3
42.2

101.5
40.8
60.8
32.0
28.8

113.9
45.7
68.2
32.2
36.0

137.7
56.3
81.4
32.9
48.5

141.0
57.9
83.1
32.5
50.6

153.5
63.1
90.4
33.6
56.8

159.2
66.1
93.1
35.0
58.1

159.9
65.9
94.0
36.0
58.0

154.8
63.9
90.9
38.4
52.5

161.7
64.4
97.2
38. 5
58.8

173.4
69.3
104.1
40.3
63.8

-40.4
-2.9
69.0

-12.0
-12.2
79.1

-14.1
-14.7
88.4

-54.4
-3.6
72.6

-39.6
-6.7
74.9

-18.3
-9.2
76.4

-9.3
-11.9
77.6

-8.8
-13.3
79.9

-11.8
-14.5
82.3

-12.4
-14.6
85.0

-15.5
-14.6
86.5

-11.7
-14.7
90.1

-16.9
-14.8
92.0

-20. 6
-15.6
95.3

-17.8
-15.9
98.9

Rates

Personal income, total
.
..
_.bil. $.. 1,154.9 1, 253.4 1,382.7 1,174.3 1,194.7 1,205.1 1,234.7 1,269.7 1,304.0 1,338.1 1,366.7 1,393.9 1,432.2 1,476.8 1,511.2
do
170.3
169.0
196. 9
174. 6
178.5
179.6
142.5
173.9
179.9
184.8
192.6
200.6
209.5
224.4
224.8
Less: Personal tax and nontax payments
984. 6 1,084.4 1,185.8
999. 7 1,016.2 1,025.4 1,092.2 1, 095. 7 1,124.1 1,153.3 1,174.1 1,193. 3 1, 222. 6
252 4 1,292.5
Equals: Disposable personal income
do..
do
913 0 1, 004. 2 1,119.9
932.8
940.3
960.1
989.1 1,019.1 1, 048. 6 ., 080. 9 1,103. 8 1,128. 5 1,166. 3 1,201.0 1,223.9
Less: Personal outlays©
65.9
75.9
65.4
76.7
75. 5
72.4
70.3
64.8
56.3
51.-4
68.5
66.9
103.1
80.2
do.
71.7
Equals: Personal saving §
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
34.52
30.41
29.20 i 33. 79 i 33. 99
30.74
27.79
31.92
25.82
29.70
25.87
28.43
28.23
All industries
"hil. $
112 40
112. 78 120. 49
52.48
11.62
13.63
10.84
12.15
11.67
13.30
10.96
12.66
13.48
15.38
12.52
14.63
15.29
47.95
do
46.01
Manufacturing
f
22.62
21.84
23.68
5.65
6.64
5.10
5.59
5.16
5.99
4.78
5.61
6.02
7.27
5.80
6.57
6.95
do
Durable goods industries
23.39
26.11
28.81
5.96
6.99
5.74
6.55
6.51
7.30
6.18
7.05
7.46
8.12
6.72
8.06
8.35
Nondurable goods industries *
do14.98
14.91
68.01
16.12
16. 28
16.93
66.39
64.82
18.29
17.44
17.04
19.14
18.70
16.61
19.16
16.68
Nonmanufacturing
do
.94
.97
.92
.91
.99
.97
.91
.80
3.79
4.00
1.04
1.05
1.02
1.14
1.12
3.18
do
Mining
.62
.62
.49
.68
.64
.59
.71
.59
.59
.71
.64
.78
2.54
2.55
2.52
. 7n
do
Railroad
.50
.43
.26
.42
.26
.35
.33
.46
.45
.44
.47
.43
2.00
1.30
.48
1.84
do
Air transportation
.64
2.12
3.63
.71
.62
. 77
.85
.93
.72
1.02
.95
.94
.61
.62
.58
3.18
Other transportation
do_._6.48
22.28
5.67
5.20
20.55
20.14
4.42
4.94
5.70
5.52
Public utilities
5.07
4.79
5.50
6.46
5.55
6.46
do
17.00
18.80
4.42
4.80
3.84
4.15
4.16
4.85
4.18
4.74
4.54
5.34
4.78
5.32
5.33
Electric
do . 17.63
.91
.85
.62
.76
.98
.79
.87
.58
2.92
3.14
3.47
.78
1.12
. 77
1.14
1.15
Gas and other.
do-.-13 96
12 74
13.30
3 39
3 78
3.11
3.22
3.14
3.26
2.92
3.21
3.33
3.84
3.30
do
C ommuni cat ion
5.00
5.52
4.82
5.21
5.19
5.78
5.27
2 9.77 2 9. 42
5.19
20. 99
4.88
5.97
22.05
20.60
5.57
Commercial and other
do....
Seas. adj. qtrly. totals at annual rates:
113. 99 116. 22 114.57 112. 46 112.16 111.80 114.72 118.12 122. 55 125. 22 130.16 1134.46 1136.91
All industries
do
49.05
48.78
47.39
46.82
49.21
50.64
54.78
54.44
56. 43
58.62
61. 77
47.04
48.08
do
Manufacturing
23.28
22. 86
22.59
21.01
21.07
21. 63
22.54
24. 59
25.50
26. 30
26.42
28.30
23.08
do
Durable goods industries *
i
23.96
24.80
26. 20
26.19
26.38
25.75
27.58
28.09
30.20
28.93
30.13
32.20
33.46
Nondurable goods indu tries *
do ...
75.14
75.84
73.74
67.76
70.78
64.98
65. 51
64.76
67.48
65.52
63. 68
66. 94
68.14
Nonmanufacturing
do
4.54
4.42
4.13
4.24
3.82
4.21
3.82
3.83
3.83
3.76
3.78
3.56
3.27
do
Mining
2.39
2.70
2.75
2.39
2.08
2.64
2.69
2.63
2.71
2.69
2.37
3.05
2.68
do
Railroad
2.09
1.60
2.12
1.65
1.18
1.44
1.12
1.41
1.62
1.52
1.94
1.84
1.81
do
Air transportation
2.82
2.75
2.99
3.56
3.29
4.16
3.44
3.49
2.96
2.39
2.43
2.71
2.16
do
Other transportation
25.72
21.67
19.52
21.85
25. 35
20.93
20.91
25.65
20.16
21.91
23.46
Public utilities
20.28
19.79
do
17.47
17.76
17.03
16.41
16. 58
17.92
18. 56
18.82
18.22
19.49
21.19
21.09
21.58
do
Electric
1
!
3.17
3.25
3.11
3.21
3.00
3.36
3.03
3.45
3.96
4.16
4.56
4.14
2.68
do
Gas and other
14 01
14.04
13.36
12.50
12.95
12.22
12.54
12.62
13.64
14.30
14.19
do
Communication
20.82
20.83
20.34
20.44
20.68
20.94
20. 99
21.36
22.67 2 39.16 2 38.14
22.04
22.84
Commercial and other
do..-_
r
by consumers to business, and personal transfer payments to foreigners (net).
Revised.
p Preliminary.
i Estimates (corrected for systematic biases) for Apr.June 1977 and July-Sept. 1977 based on expected capital expenditures of business. Expected
§Personal saving is excess of disposable income over personal outlays.
expenditures for the year 1977 appear on p. 20 of the June 1977 SURVEY. 2 Includes comHData for individual durable and nondurable goods industries components appear m the
munication
Trmrnrntinn
fgee corresponding note on p. S-l.
9 Includes data for items not shown
Mar., June, Sept., and Dec. issues of the SURVEY.
separately.
©Personal outlays comprise personal consumption expenditures, interest paid




S-3

SURVEY OF CURRENT BUSINESS

August 1977

1975

1974

Unless otherwise stated in footnotes below, data
through 1974 a n d descriptive notes are as shown in
t h e 1975 edition of B U S I N E S S S T A T I S T I C S

1976
11

A n n u a l total

IV

III

1

III

II

1977

1976

1975

1974

II

I

IV

P

III

IV

I

II

30,521

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
U.S. INTERNATIONAL TRANSACTIONS
Quarterly Data Are Seasonally Adjusted
( C r e d i t s + ; debits - )
E x p o r t s of goods and services (excl. transfers under
military grants)
_. . .
. . . .
mil. $
Merchandise, adjusted, excl. m i l i t a r y . . . . . . d o .
Transfers under U . S . military agency sales contracts
mil $
Receipts of income on U.S. assets abroad
do
Other services
do
I m p o r t s of goods and services
_. _. do
Merchandise, adjusted, excl. military
do
Direct defense expenditures
do
P a y m e n t s of income on foreign assets in t h e
U.S
mil. $
Other services
do
Unilateral transfers

138, 303
98, 30G
2,952
19, 703
17,281

3,919
17,330
19, 203

33, 004
24,212

35, 290
25, 033

37, 008
20, 001

30,907
27, 018

35,719
25,851

30, 780
20, 502

38,195
27, 057

38, 589
20, 998

40, 230
28, 379

42,190
29, 003

42, 252
29, 720

42, 093
29, 470

083
4, 555
4,214

781
5,108
4,374

850
5, 584
4, 033

924
4, 283
4, 082

874
4, 300
4, 088

957
4, 403
4, 858

1,104
4, 338
5, 030

1,095
5, 298
5,198

1,189
5,107
5, 501

1,472
5, 483
5,038

1,457
5, 421
5, 054

1, 432
0, 007
5, 718

5 213
21, 309
21, 990

-130,143 -131,430 -159,571 -33,805 -35,028 -30,713 -34,199 -30,088 -32,045 -33,900 -37,020 -38,091 -41,297 -42,507 -45,805
-103,073 - 9 8 , 043 -123,917 -25,090 -27,374 -27,99(5 -25,5(53 -22,500 -24,483 -25,431 -28,324 -29,914 -32,387 -33,292 -30,450 — 38,315
—5 035 —4, 795 —4 847 — 1 298 — 1,205 — 1 319 — 1 317 —1,185 — 1,090 - 1 , 1 9 8 - 1 , 1 0 0 - 1 , 2 2 8 - 1 , 2 3 7 - 1 , 2 2 2 - 1 , 3 5 0 :
-11,019 -11,370 -11,501 —2 720 - 2 , 8 7 7
—10, 410 — 17,221 -19 247 —4 085 - 4 , 1 1 2

(excl. military grants), net
mil. $ . .
do
do

-7,188
- 5 , 475
-1,714

U.S. Government grants (excl. military)
Other
- - - - ..
-.

U.S. assets abroad, net
do
U.S. official reserve, net . . . - . . . . do
U.S. Gov't, other t h a n official reserve, n e t . . . d o
U S private net
do
Direct investments abroad
do

147,000 103,271
107, 088 114,700

- 4 , 012 - 5 , 023 - 1 , 8 5 0
-2,893 -3,140 -1,399
-451
-1,719 -1,878

-27,029 - 3 1 , 548
-1,434
-007
305 - 3 , 403
-25,900 - 2 7 , 478
-1,308
-0,204

-1,203
-811
-452

- 3 , 029 - 3 , 052 —2 799 - 2 , 784 - 2 , 741 - 2 , 8 0 1 - 2 , 887 - 2 , 810 - 2 , 997 - 2 , 8 9 7 !
—4 309 —4 2(57 —4,138 —4,282 —4, 530 —4, 075 - 4 , 002 - 4 , 8 5 7 —5, 050 - 5 , 1 0 2
-1,098 -1,195 -1,110
-753
—000
-718
-442
-392
-438

33, 012
10,981
22, 031
3, 095

14, 330
0, 900
7, 370
1,414

34,520
17,945
10, 575
2,170

9, 597
4, 048
4,949
200

8,792
3,149
5, 042
1.211

do
do

— 1, 555

5,000

9, 703

100

-1,507

on merchandise trade
do
on goods and services
do
on goods, services, and remittances..do
on current account
do

- 5 , 307
2,100
447
-5,028

_.

Allocation of special drawing rights
Statistical discrepancy..
-

...

-1,238
-805
-433

— 1 029 - 1 , 0 1 5
-550
-544
-459
-485

-1,930 -1,045
-572
-1,475
-473
-401

-1,145
-027
-518

-42,959 - 7 , 771 - 5 , 089 -10,023 - 8 , 749 - 7 , 8 8 1 - 3 , 0 8 1 -11,830 -10,751 - 9 , 779 - 8 , 4 0 9 -14,022
-407
-773 -1,578
228
137
-29
-342
-2,530
-358 -1,003
-325
89
-944 -1,405 -1,142
-723
—977
207
-354
-874
-807
-745
- 4 , 213
-937
-30,210 - 7 , 0 8 0 - 4 , 332 - 9 , 223 - 7 , 5 5 0 - 0 , 9 8 5 - 1 , 9 9 4 -10,948 - 9 , 254 - 7 , 257 — 0,597 -13,108
-822
-142 -1,205
-4,590
757 -2,379 - 2 , 9 8 0 - 2 , 1 9 3 - 2 , 292
527 - 2 , 3 0 0 - 2 , 4 2 7

do
do
do
. . do

Foreign assets in t h e U.S., net
Foreign official, net
Other foreign, net
Direct investments in t h e U.S

-1,070
-017
-453

2, 410
3, 003
2 279 - 1 , 0 0 3
1, 384
4, 019
-342
520

9,102
2,443
4, 250
3,452
4,900 - 1 , 0 0 9
759
93

5, 814
2, 832
2,982
1,137

0, 850
3,847
3, 009
709

7, 385
4, 051
3, 333
504

8,201
3,070
5,131
501

2,971

3,355

1,805

1,244

1, 004

4,793

297

- 2 , 400

-2,341 -1,395
—332
955
-784
517
-143
-1,595

1, 455
2,708
2,200
1,513

3, 285
5, 031
4,039
3,921

2,079
4,135
3, 082
3,005

_'_

451
-388 !
-895
1, 734
-532

3, 007
12,079
0, 977
5, 852
5,102 - 2 , 7 8 5 1
403
827
799

3,303

Memoranda:
Balance
Balance
Balance
Balance

1975

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes a r e a s shown in
the 1975 edition of B U S I N E S S S T A T I S T I C S

9,045 - 9 , 2 1 7 - 1 , 4 8 4
10,104
3, 099
-141
1,822
-592
14,444
11,552 - 1 , 3 2 4 - 1 , 9 9 1

2, 220 - 1 , 3 2 0 - 1 , 535 - 2 , 784 - 3 , 572
899
-315
1, 545
1,509
4, 289
-788
438
1,084
3, 850
1, 08(5
530 - 1 , 0 3 7 - 1 , 300
540
3,051
1977

1976

1976
June

Annual

July

Sept.

Aug.

—0,980 - 7 , 7 9 4
-3,172
— 3,090
-4,317

Oct.

Nov.

Dec.

Jan.

Apr.

Feb.

Mar.

1,477.0

1,499.1 1,510.1

May

June

7-1,517.3

T-1,524.3

July p

GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates:f
Total personal income

bil. $__ 1,253.4

1,382.7

1,372.7

1,386.2

1,393.7

1,401.8

1,414.2

1,432.1

1,450.2

Wage and salary disbursements, total
do
Commodity-producing industries, total-do
Manufacturing
do
Distributive industries
do

805. 7
275 0
211.0
195.4

891.8
308. 5
238. 2
217.1

885.
308.
237.
213.

5
0
7
0

894. 5
310. 0
238. 7
218.4

899.
309.
239.
220.

8
5
9
7

900.1
313. 0
242. 1
221.5

914. 0
313. 4
241.4
224.2

923. 9
318.5
245. 8
220. 1

931. 7
321.1
248.2
228. 9

937.
320.
250.
231.

3
5
3
4

951.7
328. 7
255. 3
235. 5

904.
337.
200.
230.

9
0
7
8

974.1
341.7
202. 8
239. 0

982. 0
345. 3
2011. 2
241.1

T 980. 5
T-319.1

Service industries
Govt. and govt. enterprises
Other labor income
Proprietors' ineome:A
Farm
N on farm

do
do
do

159 9
175.4
(54 9

179 0
187.2
75.9

177 5
180.4
75. 5

178 8
187.3
70.4

181.5
188.2
77.3

182.0
189. 0
78.1

184 9
191. 5
79.1

180. 0
192. 7
80. 0

188 4
193. 3
81.0

191. 4
194. 0
82.1

192. 7
194. 8
83.2

194. 9
195. 0
84.4

190. 4
190.4
85. 5

198. 3
197.2
80. 7

T
-

do
do

23.2
02 8

18 6
09. 4

21 4
08. 7

18 2
09. 4

15 0
70.1

14 0
70.5

15 3
70.8

10 4
72.1

18. 1
73.2

19. 0
72.5

21.0
74.4

21. 7
70. 0

21.4
70.9

'

Rental Income of persons, with capital con23.3
23 2
22.3
23 3
22 5
sumption adjustment
bil. $
30 0
32 4
Dividends
do
30 6
35 8
35 8
132 2
115.0
130 3
130. 4
Personal interest income
do
128.8
194. 9
Transfer payments
.
.
do
193. 7
192. 8
188.5
170.8
55.4
55. 0
55.2
50.4
54. 9
Less personal contributions for social insurance bil. $.
Total nonfarm income
do
1,218.8 1,351.3 1,338.5 1, 355.1 1, 305. 0 1,

1,454.3

1,530.0

208. 7
T 210.9
-

991.9
350. 4
209.8
212. 7

198. 1
198.1
87.9

199. 9
199.0
89.1

9] 2
77.4

r 18. 4

10.5
77. 4

25.3
24. 0
23. 4
24.4
24.0
23. 9
24.1
?4 0
24.4
39. 0
37.2
41.2
38.5
30. 7
39. 0
30. 3
37. 9
39. 3
145. 2
139.0
140. 3
135. 2
130. 4
137. (5
141.8
143. 5
134.1
202. 9
200. 0
195. 5
200. 0
200. 5
203. 0
194. 5
2015. 9
198. 4
00. 9
00. 2
55. 9
50. 1
50. 7
00. 6
57. 0
59. 0
59. 0
374. 0 1,385.5 1,402.1 1,418.5 1,421.1 1,442.4 1,403.7 1,475.(5 1,484.2

M17.4
T 200. 0
01.0

r

r

77. 0

T 25. 0
•11.9

T-1,191.0

21.7
12.0
119. ]
200. 5
01.4
1,505.1

FARM I N C O M E AND MARKETING}:
Cash receipts from farming, including Government
payments, totalf
mil $

r

88,884

r

95,038 r 7 , 3 1 3

r

T

8, 060
4,192
3,868
927
2, 250
649

10, 756
6, 621
4,135
939
2, 526
627

7-226

'•301
r 431
r
204

94,326
47 937
46, 389
11,4'>5
27 188
7,192

Indexes of cash receipts from marketings and CCC
loans, unadjusted:t
All commodities
1967-100
Crops
do
Livestock and products .
do

'206
r 244
176

i- 220
r 260
r 190

* 204
r
218
r 194

r215
r
258
'182

r 212
r
245
r
187

Indexes of volume of farm marketings, unadjusted:J
All commodities
1907 = 100..
Crops..
do
Livestock and products
do.. .

'153
r
184
106

r

121
134

»•

1 1 1

••108
r
107
r
108

r 112
r 122
r 105

'•lie
r
126
r 109

do
do
do
do
do
do

r
Revised.
P Preliminary.
fSee corresponding note on p . S - l . AIneludes inventory valuation a n d capital consumption adjustments.
iSeries revised beginning 1973;




10, 8°5

'8,116

7, 562
3, 762
3, 800
968
2,129
659

88, 077
45,053
43, 024
9 909
25,818
6, 791

Farm marketings and CCC loans, total
Crops
Livestock and products, total 9
-Dairy products
Meat animals
Poultry and eggs
.

r

7, 633

7, 669
3, 963
3, 706
969
2,052
639

7, 709

7, 294
3, 356
3,938
968
2, 296
623

T-273

r

190

T 125
T 141
T-115

T
T
-

170
229
129

T
-

10, 089

r

8, 739

T-8,175

r 0, 833

7 7, 007
-

8,608
4, 787
3,821
939
2 223
604

8,078
4,403
3, 615
943
2, 064
565

0, 733
3, 053
3, 680
879
2,181
579

0,902
2, 951
3, 951
982
2, 309
620

T 280
T-401

T 241
T-312

r

'188

r296
T 291
'178

T 189
T 199
T-181

7 193
T 192
T 194
-

T-184
T 177
T 189
-

r 104
T 102
T 106
-

7-104
T 90
7 115
-

7-99
T-81
7 110
-

9, 999
6,166
3,833
901
• 291
>
601

189

T-162

T-135
r

r 2'>1
r 121

T
-

166
114

r

127

T-153
r

107

T
-

0, (514
0,500
'? 745
3,812
996
2,211
583

T
-

(5, 721

7, 123

0, 090
2, 750
3, 916
1,012
2, 268
582

7, 099
3,116
3, 983
1,006
2, 320
602

7, 100
3, 1O0
3, 700
1,000
2 100
000

T 188
T 179
T 194
-

199
203
196

198
218
183

T 99
T-81
7 111
-

113
110
115

113
120
103

revisions for periods prior to May 1976 are available from t h e U . S . D e p t . of Agr., Economic
Research Service.
9 Includes data for items not shown separately.

S-4

August 1977

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS

1975

Annual

1977

1976

1976 p

June

July

Aug.

Oct.

Sept.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June v

July «

GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION^
Federal Reserve Board Index of Quantity Output
Not Seasonally Adjusted

Total index

128.1

128.4

133.6

135.9

130. 2

137.4

132. 0
129. 9
138. 5
147.2
135. 0
118. 0
139. 7
132.5

127.0
125.3
131.5
137.8
129. 0
116.7
133.4
129. 7

128.2
127.1
135.2
142.2
132.4
116.0
132.5
128.8

133.1
131.7
140.4
150. 9
130. 2
119.7
138.1
134.6

134.6
133. 0
142.6
156. 7
137. 0
119.7
140. 5
137.5

135. 3
133. 1
141.9
155. 0
130. 4
120. 9
143. 4
137.7

130. 2
133. 8
142. 5
150. 8
136.9
121.7
145. 1
139. 3

141.9
139. 7
149. 0
103. 5
144. 0
120.1

130. 9

131.1

135.1

139.0

131.7

132. 0

137. 9

134. 5
;
148. 7
124. 6

• 132. 3
143. 9
124. 3

127.1
136.0
120. 9

127.1
137.2
120.2

133.0
143.7
125.6

135.7
146. 0
128.7

130. 7
147.1
129. 0

138.0
148.4
130. 8

142. 3
153. 4
134.5

133. 7
145. 7
125.4

130. 4

131.8

133.1

132.1

133.2

135.2

130. 2

138.3

139.0

129.6
127. 4
136. 9

131. 7
129. 8
139. 1

133. 8
• 132.1
142. 0

133.1
130.8
140.2

133.9
131.8
141.0

134. 9
133. 0
142. 8

136.1
134. 3
143.3

138. 0
13(1.1
144.4

138.4
147.4
139.1
120. 9
168.6

139. 4
148.8
137. 9
121.5
176.6

143.7
161.6
154. 6
139. 1
179. 3

151. 2
180.4
180.1
159. 8
181.7

145.1
164.0
155.8
136. 9
184. 9

146.1
161. 8
152.7
132.8
184.5

152. 4
178. 3
176.1
155. 8
184.1

151. 7
174.8
171.2
150.0
184. 0

135.6
119.1
145.0

133.3
111.4
146.3

134.1
115.8
147.0

115.3
143.6

133. 8

134. 9
111.7
144.7

134.6
113.4
142.7

137.3
118.5
145.9

137. 9
124.1
144.6

138. 5
120. 3
143. 8

141.8
132. •)
149. o

134.8
126.3
137.2
131.4
143.9

134.9
123.2
138.1
131.9
145.3

135.3
123.0
138. 7
133.0
145.4

= 135.8
• 125. 9
138. 5
133.2
144.8

138. 4
126. 4
141.7
132. 8
151. 8

138.3
124.2
142.2
132. 9
153.1

138.9
124.2
142. 9
135.4
151.6

139. 0
124. 0
143. 3
136.5
151.1

140.0
123. 4
144. 0
138. 0
152. 2

140. 3

113.8
135.0
127.4
174. 9
106.5

114.9
136. 9
127.5
176. 9
107.2

115.7
137.7
128.1
179. 8
107.2

115.2 . 114.4
137.5 I ' 135. 9
129.8 • 129. 9
180. 9
180.4
108.6 • 107. 9

116.9
140. 2
131. 3
181.5
109. 9

118.4
143. 2
133. 5
187.4
:
110. 7

117.8
142.0
131.4
187. 9
107.8

119.0
143.1
133.2
192. 9
108.5

119.7
144. 5
133. 9
195. 9
109. 0

143.8
171.4
102.9

147.7
174.1
107.6

148.7
176.2
106.6

146.1
176.8
99.3

142.7
177. 5
98.3

150.5
179. 7
107.6

154.4
185. 3
109.1

154.5
185.2
108.4

154. 6
185.2
108.7

156.6
186.1
113.0

78.0

78.6

77.7

78.3

80.2

137.6
133.1
142.1

137.8
134.1
141.5

138.7
134.3
143.0

138. 3
134.0
142.5

138.8
135.7
141.7

139. 8
135. 5
144.2

141.8
136.1
147.3

141.8
135.7
147.8

141. 9
136.4
147.4

145. 4
140. 2
150. 5
138. 8
130.4
133. f)
141.1)
155. 1
100.(.)
124. 3

117.8

129.8

do...
do...
do...
do...
..do..do...
do.-.
do. -.

119.3
118.2
124.0
121.4
125.1
110.2
123.1
115.5

129.3
127.3
136.8
141.5
134.9
114.3
136.8
130.5

133.2
131.3
142.6
151.8
138. 9
115.6
140.1
133. 9

do...

128.5

131.9

do
do
do

116.3
126. 4
109. 3

129.4
141.0
121.4

By market groupings:
Products, total
Final products
Consumer goods
Durable consumer goods
Nondurable consumer goods._
Equipment
Intermediate products
Materials
By industry groupings:
Mining and utilities
Manufacturing
Nondurable manufactures
Durable manufactures

134. 0

126.0

131.7

134.6

126.0
123.3
130.9
125.3
133. 2
112.9
136.2
126.0

131.9
129.1
139.8
134.2
142.1
114.5
142.0
131.7

135.9
133.5
144.7
143.2
145.3
118.0
145.1
132.5

' 134. 6
• 132. 2
:
143. 8
149. 3
• 141.6
116. 3
143.4
133.2

130.1

131.1

136.7

134.4

133.8
145.5
125.8

125.8
137.0
118.1

131.3
145.4
121.6

134.6
149. 3
124.4

129.8

130.1

130.7

131.3

130.8

:

119.3
118.2
124.0

129.3
127. 3
136.8

129.5
127.6
137.8

129.8
127.6
136.8

130.3
128.3
137.5

129.7
127. 4
136. 2

121.4
125. 9
113.7
101.1
156.6

141.5
154.8
149. 9
132. 0
167.2

144.2
156.6
156.6
137.5
156.9

141.8
155. 9
155. 9
135.0
156.0

143.7
158.4
158.2
137.7
158.4

118.8
98.0
126.8

134.1
115.8
144.1

137.4
123.8
142.5

133.8
110.3
142.0

125.1
111.6
128.8
122.8
135.8

134.9
126.9
137.2
130.8
144.6

135.1
127. 9
137.1
130.8
144.5

110.2
128.2
121.2
168.3
99.9

114.3
136.1
127. 9
177.4
106.4

do.
do.
do.
do.
do..
do..
do..
do..
do..
do..
do.
do..
do.
do..

136.3
157.8
101.9

145.5
173. 2
103.8

80.0

77.9

Seasonally Adjusted

Total index
1967=100..
By market groupings:
Products, total
do
Final products
do
Consumer consumer goods
goods
do
Durable
do..
Automotive products
do..
Autos and utility vehicles
do_.
Autos
do_.
Auto parts and allied goods
do..
Ilome goods
do.
Appliances, air cond., and TV do.
Carpeting and furniture
do.
Nondurable consumer goods
do..
Clothing
do.
Consumer staples
do.
Consumer foods and tobacco
do.
Nonfood staples
do.
Equipment
do.
Business equipment
do.
Indiistrial equipment 9
do.
Building and mining equipment, .do.
Manufacturing equipment
do.
Commercial, transit, farm eq. V
Commercial equipment
Transit equipment
Defense and space equipment
Intermediate products
Construction supplies
Business supplies
Materials
Durable goods materials9
Durable consumer parts
Equipment parts
Nondurable goods materials9
Textile, paper, and chemical
Energy materials
By industry groupings:
Mining and utilities
Mining
Metal mining
Coal

:

132.2

1967=100.

;
:

:

:

137.1
126. 4
140.0
132. 5
149. 0

:

;

:

77.4

134.7

14<). 8
141.0

152.4
172.8
107.4
148. 5
180. 0

123.1
148.8
138. 5
205. 4
112.0
159. 2
189. 7
114.5

124. 5
150. 8
139.4
200.2
114.2

100. 9
191.1
115.4

104.0
194. f
>
118.9

100. 7
190. 0
123. 0

123.1
116.3
129.8

136.8
132.0
141.5

135.9
131.8
140.1

115. 5
109.1
97.7
118.9
126.6
129.0
117.2

130.5
126.6
121.6
133. 9
146.4
151. 2
120.3

131.1
127.0
123.1
134.0
147.5
151.8
120.6

132.2
130.6
126.1
136.3
146. 0
150.5
119.5

133.0
131.4
125.1
138.0
146.1
150.6
120.5

132.5
130.0
123. 5
138.3
147.8
152.6
119.6

131.6
128. 5
119.4
138.0
147.5
152.5
119. 6

131. 9
128. 5
126.2
137. 2
:
147. 2
151. 3
121. 7

131. 9
128. 3
124.7
138.8
146.2
150.6
123.1

130.7
126.8
121.5
135.1
144.6
148.8
122.6

132.4
128.0
124.1
137. 3
150.3
154.2
120.8

135. 5
132. 1
126. 8
137. 8
153. 1
158. 2
121.7

do.
do.
do.
do.

128. 5
112.8
115.8
113.4

131. 9
114.1
122.8
116. 9

131.9
114.4
118.3
122. 7

130.6
112.5
121.6
101.8

131.8
114.4
127.5
112.6

131.9
115.7
123.6
121.3

133.1
116.7
127.4
132.3

134. 1
116.2
128. 1
125. 1

134.8
116.2
130.4
125. 9

136.1
113.2
135.6
95.3

130. 4
110. 5
132.3
100.8

136.2
120.2
133. 8
124.1

do.
do.
do
do
do.—
do
do..
do..
do_.
do..
do..
do..
do.
do.
do.
do.

113.3
94.9
111.0
107.0

112.0
92. 2
109. 1
118.3

112.3
92.5
113.0
116.5

112.0
92. 0
112.7
116.5

112.3
91.9
109. 9
119. 0

113.3
93.2
107.7
119. 2

112.5
91.4
109. 4
120.0

112.4
91.2
108.4
121.4

112.8
91. 5
110.5
117.9

112.0
89.7
109. 5
121.6

115.8
91. 3
112.8
124. 9

117.0
90. 7
112.0
126. 1

146.0
160.8

151.7

151.2
167.2

150.8
167.2

151.3
168.5

150.1

151.2

154. 0

155. 5

161.5

158.8

154. 2

153. 1

116.3
126. 4
123.4
102.6
109. 3
145.8

129.4
141.0
132. 0
111.2
113.8
156.8

130.2
141.3
130.5
107.8
112.3
153.4

131.0
141.1
131.8
109. 8
113.6
162. 2

131.6
140.9
133.4
117.0
114.4
163.6

130. 7
142.6
135. 7
117.3
115.4
162.5

: 129. 9
142.0
134. 7
116.0
114.7
163. 4

131. 9
143. 5
134.7
115. 9
116.3
156.2

132. 8
143. 7
134. 3
112. 0
115.9
156.4

131.5
143.7
135.5
109. 9
115.7
161.1

132. 9
145.7
137.1
117.6
116. 1
161. 1

135. 2
147. 0
138. 5
118.7
116.5
168. 3

130. 0
147. 8
139.9
114.4
116.8
109. 8

137. 4
149. 1
139. 8
111.3
110.0
172.8

111.8
122.3
107.6
116.3

117.2
135. 9
126.1
133.1

115.4
138.1
126.8
139.1

114.5
136.8
125.6
132. 0

114.8
135.1
123.7
134.6

115.4
135.7
122.5
132.1

118. 3
119. 7
119.1
134. 2
132. 2 c 133. 3
*- 126. 4 • 125. 9 c 128. 0
132.5
131.8
132.3

114.8
131.8
123.6
130.6

117.0
133. 0
125. 2
136.5

115.3
133. 1
123. 5
135. 5

112.1
135. 4
123. 8
130. 5

105. 2
130.0
125. 2
140. 0

Printing and publishing
Chemicals and products
Basic chemicals

do...
do...
do.. .

113.4
147.3
136.0

120.7
169.4
158.5

119.7
170.0
159. 8

122.0
167.6
156. 2

120.6
170.4
160.5

120.6
170.5
162.2

119. 2
170.6
158. 9

119.3
174. 2
161.4

123.1
173. 5
159. 7

124.3
172. 0
155. 5

122.4
175.1
102.1

124. 3
179. 0
167.7

123.4
124.4
180.0
182.0
101). 3 | 100. 5

Petroleum products
Rubber and plastics products
Leather and products

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

133.8
186.1
77.3

134.1
212.4
77.9

130.2
211.1

135.8
215. 7
75.8

138. 9
212. 3
73.4

141.0
218. 7
74. 8

145.4
220. 4
75. 0

145.1
225. 6
73.8

115. 1 j 144.1 | 142.5
220.0 I 232.4 i 23."). 1
74. 7 i 70. 1
75.0

be

N O T E F O R P . S-5:
©Revised back to Jan. 1975 to reflect corrections in reporting errors in the machinery industry, and corrections in classiiications in the aircraft and machinery industries; revisions
prior to Apr. 1976 are available from the Bur. of the Census, Wash., D.C. 20233.

Oil and gas extraction 9
Crude oil
Natural gas
Stone and earth minerals
Utilities
Electric
Manufacturing
Nondurable manufactures
Foods 9
Meat products
Dairy products
Beverages
Tobacco products
Textile mill products
Apparel products
Paper and products

r
Revised.
shown later.

124.1
132.7
135.1
134.1
166.7
199. 8 189.1
191. 2
76.5
82.0
84.0
81.1
e
P Preliminary.
Estimated.
cf Monthly revisions back to 1967 wi11
.
c
9 Includes data for items not shown separately.
Corrected.




:

139. 1
122.3
119.0
133.0

135.2
Hi). 2
127.7
118.4

138. 3
149. 3
13'.). 5

138. 8
149.0

114.3
115.5
109. 2

131),

139. 8

123.9
182.5
108.2

124.0

SURVEY OF CURRENT BUSINESS

August 1977
1975

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes a r e a s shown in
the 1975 edition of B U S I N E S S S T A T I S T I C S

1976 p

Annual

S-5

1976
June

July

Aug.

Sept.

1977
Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June p

July •

131.3
74.5

GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION*—Continued
Federal Reserve Board Index of Quantity
Output—Continued
Seasonally Adjusted—Continued
By industry groupings—Continued
Manufacturing—Continued
Durable manufactures
Ordnance, pvt. and govt
Lumber and products
Lumber

109.3
76.6
107.6
93.9

1967 = 100..
do
do
do

121.4
71.7
125.1
105.8

122.3
73.1
120.3
97.8

124.2
74.0
124.6
106.8

125.1
73.9
128.1
111.3

122.4
73.2
128.7
106.5

121.5
73.3
130.7
116.4

123.8
72.2
129. 0
108.5

125.2
71.8
127.5
96.9

123.0
70.8
132.7
113.9

124.0
72.4
132.2
109.9

126. 8
72.3
132.1
109.0

127.9
' 73. 8
131. 0
109. 2

129.3
'73.8
133. 0
112.5

130. 0
73.0
133.1

Furniture and fixtures
Clay, glass, and stone products
Primary metals
Iron and steel
Basic iron and steel
Steel mill products
Nonferrous metals

do.
do.
do.
do.
do.
do.
do.

118.2
117.9
96.4
95.8
92.9
99.5
97.5

132.8
135.8
108.0
104.4
100.3
108.9
114.4

130.1
136.1
111.5
110.0
107.9
119.9
113. 9

131.6
137.2
116.9
115.3
111.0
121.8
119.9

134.4
138.1
118.6
116.2
111.6
120.9
123.0

133.0
138.4
114.1
110.3
106.7
109.3
120.6

134.5
138.4
109. 9
105.1
99. 3
109. 3
118.3

134.0
142. 2
107.3
103.1
95. 7
100.7
112.5

135.7
142.0
102.7
95.6
90.1
94.9
115.5

135.1
137.3
100.0
89.8
84.7
88.7
121.3

137.1
139.0
100.4
91.3
87.7
91.4
116.7

135.1
143.7
108.3
97.9
95.4
98.2
120.8

135.4
144.5
112.3
104. 0
97.8
100. 8
120.8

137.5
145. 5
110. 8
111.0
104.0
110.7
127.2

139.4
147.2
115. 0
109. 3
100.5
110.4
120. 3

Fabricated metal products
Nonelect rical inachinery
Electrical machinery

do.
do.
do.

109.9
125.1
116.5

123.3
134.7
131.7

124.0
133.5
132.0

124.6
135.0
131.0

125.8
136.4
135.3

126.6
136.8
133.7

123.5
134.1
135.0

126.7
137.5
135.8

128.2
141.2
135.6

125.7
139.5
134.0

126.0
139.4
137. G

127. 5
140.4
137.0

127. 0
142. 5
139. 0

128.0
143.2
141.8

130.2
144.8
143.2

130.5
140.4
143.9

Transport at ion equipment
Motor vehicles and parts
Aerospace and misc. trans, eq

do.
do.
do.

97.4
111.1
84.5

110.6
140.7
82.2

112.6
146.5
80.7

113.3
148.5
80.3

115.0
150.6
81.5

104.4
130.2
80.1

104.7
129. 3
81.4

112.7
145.8
81.6

118.2
156.4
82.4

113.5
145.5
83.4

113.4
145.4
83.3

120. 5
101.2
82.3

119.8
158.1
'83.8

120.1
157. 7
' 84.8

123.3
102. 9
80.0

124.2
107.0
84.1

do.

132.3

148.2

149.5

151.3

149.6

148.7

150.3

150.3

153.7

157.0

150.9

158.0

100.0

198,557

198,281

197,732 208,196 184,244 195,688 219,294

215,914 '210,004 224,739

193,868

192,353

Instruments
BUSINESS SALES §
Mfg. and trade sales (unadj.), totalf©
Mfg. and trade sales (seas, adj.), totalf©

mil. $.. 2,070,133 2,312,634 201,448 187,647 193,401
do....

Manufacturing, totalt©
Durable goods industries
Nondurable goods industries©

do
do
do

Retail trade, totaled
Durable goods stores
Nondurable goods stores

do
do
do

Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments

do
do
do

1

2,070,133 12,312,634 193,360 193,302 194,302

1,046,710 1,178,205 98, 597
526, 950 604, 706 50, 606
519, 760 573, 499 47,990
1

90,288 '204,140 '202.100 •207,541 214,042 '213,590

213,821 214,270

98,932
51, 090
47,842

99,078
51, 648
47, 430

98, 387 1 97,043
50,060 • 49,029
48,328 48,014

104,475 103,.5()9 100,133 111,241 109,040 109,458 110,98.")
99,910 r
51,238 50,29.") ' .53,341 • 54,703 • ,58,849 • 5I>,704 ' .50,717 57,080
r
48, 681 49,180 50,228 51,430
,52,741 53,299
52,392 53,870

1

584,423
180, 725
403, 698

651,884
214,169
437,715

53,983
17,803
36,180

53,754
17,699
36,055

54,643
18,208
36,435

54,100
17,481
36,619

54,634
17,559
37,075

55,573
18,157
37,416

57,898
19,730
38,168

56,660
19,024
37,636

58,175
19,764
38,411

59,522
20,087
38,835

59,405
20,333
39,132

'.59,181
• 20,088
r
39,093

.58, 438
19,877
38, 501

1

439,000 M82.549
185 922 210, 864
253, 078 271,685

40,780
17,615
23,165

40,616
17,457
23,159

40,581
17,926
22,655

41,381
18,104
23,277

40,676
17, 755
22,921

40,796
18,010
22,786

41,767
18,417
23,350

41,931
18,559
23,372

43, 233
19,552
23, 681

43,879
19,591
24,288

44,491 ' 4.5,182
19,501 r 19,985
24,990 ' 25,197

44,8.53
20,119
24, 734

Mfg. and trade inventories, book value, end of year
or month (unadj.), totalf
mil. $..

274,363

298,806

288,360 288,329 288,488 292,973 299,124 302,907

298,806 301,791

305,441

310,099

312,202

Mfg. and trade inventories, book value, end of year
or month (seas, adj.),totalf
mil. $..

289,138 290,866 293,308 296,537 298,179 298,941 299,123 301,970

303,985

307,325 309,847 '313,052 315,293

BUSINESS INVENTORIES §
r

313,489 314,094

275,484

299,123

Manufacturing, totalf
Durable goods industries
Nondurable goods industries

do
do
do

155,693
100,310
55,382

166, 587 161,118 162,144 163,184 164,966 166,674 167,114
105,729 102,429 102,856 103, 282 104,117 105,589 106,128
60,858 58, 689 59, 288 59,902 60,850 61,085 60,986

Retail trade, totalA
Durable goods stores
Nondurable goods stores

do
do.
do_

74,676
34,474
40,202

82,405
38, 224
44,181

79,375
35,863
43,512

79,917
36,523
43,394

81,118
37,515
43,603

81,848
37, 822
44,026

81,658
37,518
44,140

81,660
37,933
43,727

82,405
38, 224
44,181

83, 616
38,931
44, 685

83,878
38,912
44,966

85,397
39,613
45,784

80,033
39,581
40,452

' 87,170
• 40,279
• 40,897

88, 3.53
40,00.5
47,088

Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments

do.
do^
do_

45,115
27,476
17, 639

50,131
30,224
19,907

48,645
29,430
19,215

48,805
29,585
19,220

49,006
29,533
19,473

49,723
30,384
19,339

49,847
30,447
19,400

50,167
30,512
19,655

50,131
30,224
19,907

50,872
30,847
20,025

51,658
31, 239
20,419

52,549
31,450
21,093

53,007 • ,53,247
31,517 • 32,0.5.5
21,550 r 21,192

.53, 437
32, .587
20,8.50

1.53

1.55

1.52

1.47

1.49

1.46

1.43

1.45

1.40

1.47

1.64
2.04

1.63
2.02

1.64
2.01

1.71
2.14
.71
.87
.57

1.67
2.06
.69
.84
.54

1.59
1.90
.62
.77
.51

1.62
2.00
.66
.81
.53

1.59
1.96
.64
.80
.52

1.52
1.82
.61
.73

1.50
1.91
.03
.77
.51

1.58
' 1.92
' . 0.5
' .70
.51

1. 50
1.91
.04
.70
.51

1.23

1.22

1.26

1.27
.56
.18
.53

1.25
.53
.19
.53

1.24
.53
.19
.52

1.21
.51
.18
.52

1.19
.51
.18
.51

1.18
.50
.18
.49

1.18
.51
.18
.50

'1.20
r
. 51
.18
r
. 51

1.19
. 50
.18
.51

166,587 167,482, 168,449 109,379
105,729 106,562 107,222 107,085
60,858 60,920 61,227 01,094

170,747 172,029 173, .503
108,190 109,1.5 4 110,113
02,557 03,475 03, 390

BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade, totalf®
Manufacturing, totalf©
Durable goods industries!
Materials and supplies
Work in process
Finished goods
Nondurable goods Industries!©
Materials and supplies
Work in process
Finished goods

ratio.

1.60

do_
do_
do_
do.
do_

1.80
2.34

do.
do_
do.
do.

1.50
1.65
2.00

r

Retail trade, totaled A
Durable goods stores
Nondurable goods stores

do....
do
do

1.51
2.23
1.18

1.46
2.03
1.18

1.47
2.01
1.20

1.49
2.06
1.20

1.48
2.06
1.20

1.51
2.16
1.20

1.49
2.14
1.19

1.47
2.09
1.17

1.42
1.94
1.16

1.48
2.05
1.19

1.44
1.97
1.17

1.43
1.91
1.18

1. 45
1.95
1.19

1.47
'2.01
1.20

1.51
2. 0.5
1.24

Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments

do
do
do

1.24
1.79
.84

1.20
1.66
.83

1.19
1.67
.83

1.20
1.69
.83

1.21
1.65

1.20
1.68
.83

1.23
1.71
.85

1.23
1.69

1.20
1.64
.85

1.21
1.66

1.19
1.60
.86

1.20
1.01

1.19
1.02
.86

1.18
1. 00
.84

1.19
1.02
.84

50,510

60,547

5,477
5,344

4,729
5,169

4,921
5,412

4,980
5,020

5,574
5,528

5,391
5,333

6,041
5,502

4,399
4,090

4, 697
4,870

5,077
5,312

5,491
5,378

" 5,303
• 5,148

5,501
5,350

. . . . d o . . . . 1,046,710 1,178,205 103,803

91,832

97,940

103,245

101,180 100,128 '98,023

90,387

100,743

114,201

111,242

526,950 604,706 54,777 46,359 49,810
2,739
2,473
2,749
30,435
27, 314
8,318
7,110
7,577
88,826
78, 959
4,275
3, 689
3, 799
45,137
40, 210
3,139
2, 726
2,963
34,110
30,081
r Revised.
v Preliminary.
« Estimated.
> Based on d a t a not seasonally adjusted.
Advance estirrate; total mfrs. s h i p m e n t s for J u n e 1977 do not reflect revisions for selected
coinronents.
\ See note i r a r k e d "d" on p . S-4.
§ T h e term "business" here includes
only iranufaeturing a n d trade; business inventories as shown on p . S-l cover data for all
types of producers, b o t h farm a n d nonfarm. Unadjusted d a t a for manufacturing are shown

53,023
2, 768
7,844
3, 925
3,124

'51,000 '51,34.5 '50,798 48,858 '54,715 r60,550 »-58,171 '58,405
2, 710
2,320
2,573
2, 286
2, 546
2, 943 ' 2, 904 ' 2,991
7,454
6, 752
7,086
1,980
7, 774
8,847
8,552 ' 8,001
3,641
3, 357
3,547
3,457
3, 831
4, 539 ' 4,282 ' 4,384
2,961
2, 694
2,743
2,745
?,089
3,390 ' 3 , 3 5 8 ' 3 , 3 3 4

MANUFACTURERS' SALES, I N V E N T O R I E S
AND ORDERS
Manufacturers' export sales: O
Durable goods industries:
Unadjusted, total
Seasonally adj., total
Shipments (not seas, adj.), totalf©.

mil. $
__do

Durable goods Industries, total 9 f
..do
Stone, clay, a n d glass products _ . . . . do
P r i m a r y metals
~
~~do[~~~_
Blast furnaces, steel mills
do
Nonferrous a n d other p r i m a r y m e t
do




110,702 110,902
02,574
02, .574
3, 247
9,070
4,733
3,423

2

53,195
2

7, 588

b e l o w o n p p . S-6 a n d S-7; t h o s e for wholesale a n d retail t r a d e o n p p . S - l l a n d S-12.
\ See
corresponding note on p. S-6.
© Unadj. and seas. adj. mfrs. shipments and new orders
(totals and total nondurables) were revised back to Dec. 1975; revisions prior to Mar. 1976
are available from Bureau of the Census, Wash., D.C. 20233.
d" See note marked "t" on
p. S-12.
A See note marked " t " on p. S-12.
9 Includes data for items not shown
separately.
OSee corresponding note on p. S-4.

SURVEY OF CURRENT BUSINESS

S-6
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

1975

! 1976

Annual

August 1977

1976

June

July

Aug.

Sept.

1977

Oct.

Nov.

Dec

Feb.

Jan.

Mar.

Apr.

May

June

6,926
9, 953
6, 634
13,049
9, 001
2,193

7, 689
10,772
(1,813
14,773
10,3(10
2,372 I

7,496
10,222
6,601
13, 806
),681
2,271

7,397
10,09(1
(1,493
14,18(1
11
2,295

7,907
10,757
',101
15,155 - 12,35(1
10,708
2,470 ;

53,051
15,797
714
3, 659

53,071
15, 429
696
3,543

52,357
15,028
723
3, 571

4,484
15,907

4, 647
4,683
10, 218
10,069
7,597 ! 7,838
3,215 ! 3,140

4, 570
9, 783
8,055
r 3,142

4,850
9,92(1
8,185
3, 295

109,040

109,458

10,985

56,764
2, 842
r
8,136
T
4,032
r
3, 251

56,717
2,800

)7,774
3.009

July

GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS!—Continued
Shipments (not seas. adj.)|—Continued
Durable goods industriesf—Continued
Fabricated metal products
Machinery, except electrical
Eleclrical machinery
Transport at ion equipment
Motor vehicles and parts._•
Instruments and related products
Nondurable goods industries, total 9 ©
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Ilubber and plastics products

mil. $..
do
do
do
do
do

68, 892
98,147
63,716
113,369
70, 581
22, 601

79, 659
109, 845
72, 039
135,222
91,115
24,905

7, 242
9,840
6, 236
12,541
8, 648
2,179

6,284
8, 556
5, 385
9, 615
6, 247
1,973

6,712
8, 738
6,007
10,114
6,770
2,120

6,868
9, 644
6,515
11,106
7, 564
2, 247

6, 693
r 9,127
6, 383
11,307
7, 587
2,177

6,534
• 8, 900
6,407
12, 265
8,687
2,210

6, 505
9, 477
6,565
11,996
7, 925
2.197

6,162
8, 785
6,012
.1,803
8,362
2,036

do_.
do..
do _ _
do_.

519,760
171,794
7,805
32, 874

573,499
176,150
8, 087
37, 583

49,025
15,035
691
3, 385

45,473
14,292
649
2, 612

48,129
14,540
652
3,060

50,221
15, 466
677
3, 302

49,514
15,289
753
3,198

48,783
15,024
650
3,201

47,225
14,599
751
3,097

47,529
14,283
669
2, 949

52,028
15,475
671
3, 270

43,463
90, 370
69, 692
28, C81

50, 227
101,385
82, 640
32, 572

4, 395
8,750
6, 952
2, 848

3, 951
7,701
6,992
2, 491

4, 312
8, 222
7,103
2, 723

4,443
8, 835
7,107
2, 730

4,140
8, 239
7,153
2,760

4,011
7, 979
7,496
2, 570

4,174
8,186
7, 749
2, 713

4, 492
9, 399
7, 948
3,054

98,597

98,932

99,078

98,387

97,043

99,919

104,475

.03,569

50,606
2,538

51,090
2,517
7,764
4,036
2,954

51,648
2,579
7, 856
3, 908
3,105

50,060
2,568
7,746
3,945
3,030

49,029
2,471
7, 355
3,681
2, 877

51,238
2,569
7,283
3,714
2,751

55,295
2, 703
7,298
3,583
2,910

53,341
2,644
7,334
3,467
3,020

6,821
8, 940
5,881
11,491
7,917
2,065

6,633
9, 377
5, 974
11,540
8, 000
2,143

6, 592
9, 420
6,133
11,513
8, 068
2,144

6, 309
6,485
9,378 ' 9,204
6,101
r 0, 037
10,117
10,102
6, 698
6, 483
2,086
2, 068

47,990
15,037
651
3,148
4,186
8, 525
6,776
2,704

47,842
15,088
637
2, 994
4,149
8. 162
6, 954
2, 669

47,430
14,552
616
2, 971
4,195
8,134
7,061
2,686

48,328
14,762
682
3, 088
4, 302
8,611
7,075
2, 649

48,014
14,807
749
2, 974
4,137
8, 361
7,163
2, 690

7,541
^93,039
18,361
217,379
13,095
162,407
9, 332
• 109,437
8,307
100,342
41, 960
M95,602

7,698
18,371
13,633
9, 470
8,338
414,22

7,695
17,832
13,652
9, 498
8, 521
41,881

7,876
18,296
13,493
8, 083
8, 452
42,187

7,710
18,305
13,(125
8,014
8, 431
40,958

3,107
15,231
13,121
2,111

3,178
15,380
13,192
2,188

3, 359
15,139
13, 022
2,118

3, 202
15,371
13,143
r
2,228

do_.
do..
do_.
do..

Shipments (seas, adj.), total t ©
do_.
B y industry group:
Durable goods industries, total 9
do._
Stone, clay, and glass products
do_.
Primary metals
do..
Blast furnaces, steel mills
do..
Nonferrous and other primary m e t - . - d o . .
Fabricated metal products
Machinery, except electrical
Elect rical machinery
Transportation equipment
Motor vehicles and parts
Instruments and related products

4', 037

do._
do_.
do _ _
do..
do._
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 market category:!
Home goods and apparel©
do..
Consumer staples
do..
Equipment and defense prod., excl. a u t o . d o . .
Automotive equipment
do__
Construction materials and supplies
do_.
Other materials and supplies
do..
Supplementary series:
Household durables
do..
Capital goods industries
do..
Nondefense
do..
Defense
do..
Inventories, end of year or month:f
Book value (unadjusted), t o t a l !
Durable goods industries, total
Nondurable goods industries, total

i 83,200
210,221
147,173
1
86,063
i 83,256
436,796

3,131
i 35,430 1 38,579
14,803
164,374
181,815
140,651 i 155,510 12, 756
1
23, 725 i 26, 305 2,047

4, 255
8, 315
7,103
2, 832

54,703
2, 765
7, 590
3,708
3, 019

58,849
2, 989
r
8, 5(1(1
' 4, 298
3,387

6,961
9, 540
(1, (188
14,17(1
10, 036
2.198

7,048
6,764
• 9, 471 ' 9,713
T
(i, 594
• (1, (125
12,824
12,(142
8, 665
8,556
2,258

7,707
9,901
0, 055
14,3(17
10,126
2, 344

48,681
14,773
640
3,143
4,153
8,827
7,154
2,806

49,180
14, 603
753
3, 302
4,296
8, 637
7,484
2,815

50,228
14,920
704
3,269
4,358
8, 661
7,878
2,950

51, 430
15, 277
703
3,346
4,435
9,126
7, 833
3,037

52,392
15,451
738
3,503
4,579
9, (182
7, 060
3,118

52, 870
15,778
728
3, 593
4,702
9, 480
7,884
2,995

7,943
18, 297
13,815
9, 603
8,505
41,756

7,973
18,317
14,6(13
11,711
8,898
42,913

8,138
18,594
14,297
10,267
8,611
43,662

8,285
19, 001
14,387
10,524
9, 233
44,703

8
19,
14
12
9
40

8 ,294
19 , 521
l- ,735
11 , 293
, 483
M( ),314

3,319
1(1.446
13,931
2, 515

3,333
1(1,217
13,570
T
2, 047

3, 366
1(1.391
13,77(1
r 2, (115

3,542 I 3,373
1(1,815 r 1(1,730
14,204 r 14,234
r
•2,011
2,49C

162,900 165,320 166,528
103, 249 104,483 105,193
59, 652 60, 837 61, 335

167,299
105,516
61,783

69,300
07,378
61,922

170,396
108,439
61,957

170,818 171,886 173,087 172,725
108,726 i 109,218 109,925 109,930
62,092 I 62,668 * (13,102 02,789
•

167,114

166,587

.67,482

,68, 449

109,379 j 170,74'

06,562
4,248
17,197
10,148
6,100

.07, 222
4, 234
17, 276
10,154
6,154

107,685 ! 108,190 •109,154 110,113
4,142 ' 4,193 T 4,258
4,248
17,332 • 17,584
17,054
17,323
10.495
10, 232 10, 215 • 10,444
r
0,159
6,088
0,157
0,101

13, 249
24,253
14,317
19,512
6, 540
4,687

24, 417
14, 647
19, 428
6, 548
4,728

167,299 160,512 160,588 161,787
105,516 102,553 102,273 102,692
61, 783 57, 959 58, 315 59,095

Book value (seasonally adjusted), tot alt
do..
By industry group:
Durable goods industries, total 9
do..
Stone, clay, and glass products
do..
P r i m a r y metals
do..
Blast furnaces, steel mills
do..
Nonferrous and other primary met.do .

155,693

166,587

100,310
3, 848
15,527
8,483
6,113

105, 729 102,429 102,856 103,282 104,117 105,589
4,092
3, 934
4, 002
3, 998
3, 885
4,194
16,225
16,485
16, 660 17,113
15,995
17,329
9, 452
9, 787 10,100
9, 709
9, 233
10,179
6,043
5 871
5, 910
5, 840
5,875
6,178

Fabricated metal products
do..
Machinery, except electrical
do..
Electrical machinery
do..
Transport at ion equipment
do..
Motor vehicles and parts
do.
I n s t r u m e n t s and related p r o d u c t s . . d o .

12,931
23, 479
12, 883
19,048
5, 978

By stage of fabrication:!
Materials and supplies9
P r i m a r y metals
Machinery (elec. and nonelec.)
Transportation equipment

4, 290

13,173
23,987
14,112
19,121
6,301
4,574

12, 529
23, 409
13, 569
19,781
6,674
4,386

12, 603
23, 420
13, 634
19,705
6, 627
4,428

163,184

12,547
23, 591
13, 708
19,515
6,336
4,438

r

111,241

155,825
99,853
55,972

162,144

r

3,(172 !

106,133

do..
do..
do..

161,118

r

164,966

12,827
23, 678
13,811
19, 621
6,484
4,465

166,674

r
r

r

6,610
9, 282
0, 298
11,010
8,004
2,123

3,263
15,450
13,20(1
2,244

r
r

r

106,128 105,729
4,130
4,194
17,178
17, 329
10,072
10,179
6,126
6,178

13,131
23, 885
13, 961
19,823
6, 764
4, 524

13,183
23,845
14, 009
20, 046
6, 974
4,581

13,173
23 987
14,112

19,121
6,301
4,574

13,344
24,281
14,054
19,245
6, 429
4,657

398
323
730
142
795
815

13, 265

4,244
3,1(19

7,253
7,370
10,017
10,000
r (1, (102
0 , ~\)~y
r
13,341
13,325
9,074
9, 338
2, 323 '•2,321

r

r

13, 332
24,476
14, 741
19, 594
6,476
4,721

52,741
15,2(11
r
709
r
3,558
,r>93
), 304
r
8,159
3,110

57,148
2

~8,~287~

• 8,29(1

4, 409
3,129
7,440
9,780
0,747
13, 8(12 2 13,198
9,805
2, 340
53,299
15,921
(194
3, 414
4,015
9, 050
7,973
3,122

• 8,520
8, 509
19,590
19,041
14,481
14,935
11,582
10,940
9, 090
'9,431
40,591
47,007
• 3,422
10,93-1
14,35(1
' 2,578

3, 031
10,785
14,234
2, 551

- 3, 432
17,251
14,093
2
2, 558

172,029 173,503

" 13,390
• 24,500
• 15,088
' 19,735
Ml, 024
r
4,785

13,001
24,809
15,337
20,014
0,794
4, 723

do..
do.
do.
do.

34, 621
,059
10,794
4,586

35,047
7,907
10, 872
5,164

35,320
7,864
11,013
5,264

34,621
8,059
10,794
4,586

35,141
8,044
10,876
4,800

35, 229
8,174
10,842
4,845

35, 798
35,758 ' 30,01;
8,2(11
8,354 I 8,300
11,003
10,985
10,86."
4,815
4,801
5,448

do...
do
do
do...

43,020
5,950
16,277
12,059

42 627
5,828
15,929
12,163

43,005
5, 967
16,112
12,160

43,020
5, 950
16, 27"
12, 059

43,235
5,838
16,455
11,972

43,611
5,846
16,564
12,206

43, 343
5, 743
16, 660
12,188

43,805 r 43,339
5, 651 "5,789
17,003
17,079
12, 364 ' 11,758

43,709
5,812
17,181
11,889

Finished goods 9
do—
P r i m a r y metals
do
Machinery (elec. and nonelec.).. .do
Transportation equipment
do_..

28,1
3,320
11,028
2,476

27, 915
3,378
11,045
2,496

27,803
3, 34'
10,729
2,622

28, 088
3,320
11, 028
2,476

28,186
3, 315
11,004
2,473

28,382
3, 256
11,164
2,461

28,544
3, 226
11,419
2,425

28, 627 r 29,200
3,381
3, 528
11,349 r 11,572
2,429 ' 2,529

29,479
3, 552
11,832
2,072

61,085
15,876
3, 659
5,158
5, 228
13,040
5,058
3,763

60,986
15,694
3,630
5,176
5, 292
13,088
5,053
3,855

60, 858
15, 648
3, 508
5, 253
5, 200
13,032
5,148
3,

60,920
15,775
3,471
5, 269
5,220
13,009
5,156
3, 965

61,227
15,973
3, £18
5,360
5, 273
12,991
5,083
4,000

01, 694
10,130
3, 484
5,368
5, 352
12, 9(12
5,150
4, 079

62, 5.r
16, 530
3, 549
5,426
5, 439
13,038
5, 252
4,016

03, 4
10,819
3,582
T
5,473
r
5,534
13,152
r
f>, 40'
r
4, 08'

03,390
10,372
3, 598
5,500
5, 551
13,200
5, 503

26,880
8,524
25, 681

25,843
9,171

26,013
9,182

25,678
9, 067
26,175

25,9
9,141
26,098

20, 405
26,810
9, 356
9, 371;
25,933 I 26,368

27,008
r
9,422
20,98."

20,795
9,490
27,099

Work in process 9
P r i m a r y metals
Machinery (elec. and nonelec.)
T r a importation equipment

Nondurable goods industries, total 9 . . . d o . - .
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:!
Materials and supplies
do...
Work in process
do...
Finished goods
do...
r

55,382
14,328
3,295
4,834
4,646
11,695
4,710
3,652

60,858
15, 648
3, 508
5, 253
5, 200
13, 032
5,148
3,888

58,689
14,873
3, 569
5,078
5,045
12, 332
4,835
3,673

59,288
15,220
3,615
5,104
5, 085
12, 609
4, 872
3, 616

59,902
15,617
3,631
5,184
5,128
12, 825
4,833
3, 594

26, 013
9,182
25,663

1
2
Revised.
Based on data not seasonally adjusted.
Advance estimate; total mfrs.
shipments for June 1977 do not reflect revisions for selected components.
t Revised series.
Data revised back to Jan. 1958 to reflect (1) updating of benchmarks used in developing shipments and inventory estimates, (2) recalculation of estimated new orders, (3) changes required
to conform to revised 1972 SIC categories, and (4) use of new seas. adj. factors. A detailed




60,850
15,830
3, 704
5, 201
5,136
12,977
5, 043
3,708

r

30,805
8,290 !
11,133
5,453

419
,1

25, 972 25, 663
description of this comprehensive revision and historical data appear in report M3-1.6, "Manufacturers' Shipments, Inventories, and Orders: 1958-1976 (Revised)," available for $2.25
from the Subscribers Services Section, Bur. of the Census, Wash., D.C. 20233. Data back to
Jan. 1958 for mfg. and trade sales and invent, and inventory-sales ratios appear on p. 22 IT. of
the Jan. 1977 SURVEY. c ©See corresponding note on p. S-5.
9Includes data for items
not shown separately.
Corrected

SURVEY OF CURRENT BUSINESS

August 1077

Annual

1977

1976

1976

1975

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

S-7

Juno

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June.

July

GENERAL BUSINESS INDICATORS—Continued
M A N U F A C T U R E R S ' SALES, I N V E N T O R I E S ,
AND O R D E R S t - C o n t i n u e d
Inventories, end of year or month t—Continued
Book value (seasonally adjusted)—Continued
By market category: f
Home poods and apparel
mil. $_ 13,005
Consumer staples
d o . . _ 21 526
Equip, and defense prod., excl. auto do_.._
38,42!)
Automotive equipment
do...
7, 885
Construction materials and supplies d o . . .
13,323
Other materials and supplies
do...
C 1.525
Supplementary series:
Household durables
do
S 0,578
Capital gcods industries
d o . . . I 42,341
Nondefense
do. _ _ 1 35,772
Defense
d o . . . | 6,508
|
New orders, net (not seas, adj.), total t A
d o . . . 1 1,027,905
Durable poods industries, total
d o . . . 505,1)69
Nondurable goods industries, total A
do___ | 521,<»36
New orders, net (seas, adj.), total | A
d o . . . '-'1,027,905
By industry group:
Durable poods industries, total t
d o . . . 505 969
Primary metals
do.._
71,792
Blast furnaces, steel mills
do...
35, 779
Nonferrous and other primary met._.do___
28,209
Fabricated metal products
Machinery, except, electrical
Electrical' m achinery
Transportation equipment
Aircraft, missiles, and parts

-

14,386
23,055
38,555
8,123
13,418
65,647

14,441
23,417
38,688
8, 336
13,704
66,380

14,377
23, 466
38.875
8. 692
13,884
67,380

14,143
23,367
38,943
8, 993
13,983
67,685

14,039
23,119
38,842
8,430
14,161
67,996

14, 003
23,164
39, 044
8, 601
14,615
68, 055

14,056
23, 327
39,231
8,718
14,663
68, 454

14,296
23,531
39,393
8,728
14, 500
68, 871

14,608
23,928
39,638
8,691
14,523
69,359

6,923
43,104
36,527
6, 577

7, 042
42,396
35, 624
6, 774

7, 065
42,430
35, 584
6, 846

7,127
42,649
35, 846
6, 804

7,107
42,740
35, 940
(), 798

7. 059
42,942
36, 095
(j, 847

6, 996
43,124
36,277
6, 847

6, 923
43,104
36,521
6,57'

6, 936
43,311
36, 702
6, 609

7,117
43,737 ,
37,112 '
6,625 !

13, 992
37,475
0,517

4,335 Ml,(171 ! 15, 192
47,733 r 3K.034 ' 38,331
36,602 j r (^(-,37 ! 6,861

,182,158
608,362
573, 796

04,530
728
48, 803

93,995
48,750
45, 244

97,174
49, 426
47, 738

02,455
52, 307
50,148

98,811

97, 554

98,476 V 99,006 -•100,784 ' 100,008 105,288

l 02,478 100,039 ' 99,575 98,810
52,814 51,380 r 52,139 51,048
49,659 48,653 47, 436 47,762

107,879

r

52,'228

14.747 14,821
24.137 1 23.9S8
39,855 40,283
8 970
14,53(1 14.352
70,577 71,089

7, 407

r
r

114,87; : 113,054 |rin t 0(i0 ' 118.
59,824 r 5s si)9 ; 03,
(10,900
53,978 53,230 [r 52.1(17 ! 54,

'111,788

111,547

51,249
8,158
4, 251
3,083

51,180
7, 918
3, 997
3,170

50,380
7, 340
3,581
2, 946

50,068
7, 556
3, 649
3,153

• 50,754
7, 019
3, 485
2, 790

•2,235 \r 57,040
~ ~
7,252
3, 050
3,808
3,080
2, 629

55,037
7,987
4, 054
3, 040

55,133 " 59,1(10
7, 974 T 8,(147
4,068
4, 304
3,031
3, 438

58,052
" 7,904
3.906
3,102

\r 59,17(1
j r <)'()7<)
[ r 5 o 8 .)
! r 3(),;2

7, 089
8,836
6, 491
10, 968
2, 302

6, 733
9, 572
5, 894
11,214
1,254

6, 586
9, 082
6, 088
11,203
1,890

6, 425
6,280
9, 283
9, 413
5, 963
6, 463
10,751 • Il,3ti9
3, 202
3, 539

6, 805
7,072
, 336
9, 62
6, 408
7,139
12,102 r 15,487
2,882
3,924

6, 924
10,219
6,871
r
12,630
2,311

6,960
9,998
6,713
12,(114
2, 329

7,832
9 991
0, 338
• 14,504
2,887

7,303
9,791
' 0,941
15,128
4,252

I 7,337 j 7.
r 10.113 ! 10,
i r 7 1H3 j il, <
]
r 14 ' 17., • 14,
r 3 421
3,

521,936
113,179
408,757

47, 886
10,412
37, 475

47, 631
10,132
37,499

47,174
10,142
37, 031

48, 409
10,738
37,671

48, 252
11,453
36,799

48, 549
11,243
37, 306

49, 560
11,289
38, 271

50, 251
11,019
39,232

51,412
11,240
40, 202

52,028
11,772
40, 850

7, 492
-93, 082
18.370
217,424
163. f)87 13,789
9,147
110,631
' 99, 180 8,218
'
42,120
498,255

7,807
18,409
13.605
9, 556
8, 429
41,005

7, 731
17,84G
12,940
9, 487
8,417
41,138

7,680
18,316
14,029
7, 991
8, 208
42,252

7,888
18,277
• 15,082
8, 030
8, 435
41,288

7, 945
18,274
13,897
9, 628
8,721
42,319

7, 981
18,310
15,929
11,800
9,075
43,505

8,171
18, 624
13,994
10,482
8, 733
45,284

8,413
8, 273
19,008 19, 310
11.323 ' 14,478
10,717 12,413
9, 227
9, 706
4l' 881 47, 570

10,514
1(1,1(19
11,627
9.545
4(1,315

2

3,176
15,017
13, 778
1,239

3,194
14,609
12,690
1,919

3 191
15 ,621
13 468
2 153

3, 379
10, 9(ii
11,124
r
2, 8-10

3, 284
15,875
12. 734
r
3,141

3, 314

3, 351
1(1,570
14,f>21
r
1,949

3,510 I 3,425
10,130 r 1(1,775 '
14,249 .r 14,501
1,887 1 ^ 2, 214

3,443 r 3, 4<)3 I 3,587 i ' 3,505
IS,27(1 r i s 2 S 17,895 '' 10,3(1(1
14,(179 \r i.'/ooo
15,713 ' 14,35
3,597 i r 3,<293 j 2,182 1 2,012

2

m i l - * - - ! 170,243

1,182,158 )9, 135

573, 796
128,058
445,739

38, 599
•183,463
'154,041
2
2 9 422

j 45,472
j 21,230
!
50, 236
' 33,106
j 7,856
{
• 3,209
'
i 98,742
, 19,197
j 50, 290
J
I 2, 623
' 108,533
j 79,323
29,210

BUSINESS INCORPORATIONSG
New incorporations (50 States and Dist. Col.):
Unadjusted
n u m b e r , „ 326,345
Seasonally adjusted
do.

3,103
15,222
12,607
2, 614

17.885
13,835
4,050

T

r

58,
\ 7,
I 3,
I 3,211

55, 95(1
1 8,284

12,317

52, 895 r 52 51'
11,789 'r n ' 4 S 4 ! 11
•41,100 [r 4i,()33 41,

I
8,377 I • 8. 588

8,488
19.(110
15.S51
11,(181
9, 725
40,782

r 19,032
r 15,918
r
r

1

174,222
166,408
7,814

Durable poods industries, total
do
\ 162, 726
Nondur. poods ind. with unfilled orders©. do
j 7,517
Unfilled orders, end of year or month (seasonally
adjusted) total |
mil. $__| 171,438 175,453
By industrv group:
Durable poods industries, total 9
do
I 163,582 167,261
1 himary metals
do
I 14,742 16,004
9,993
Blast furnaces, steel milN
do
! 9,287
4,980
Nonferrous and other primary m e t . . . d o
J 4,091
Fabricated metal products
do
\ 23, 690
23,302
Machinery, except electrical
do
Electrical machinery
do
Transportation equipment
do
Aircraft, missiles, and parts
do
Nondur. poods ind. with unfilled o r d e r s S . d o
By market category: f
I l o m e poods, apparel, consumer staples . do
E q u i p , and defense prod., incl. auto
do
Construction materials and supplies
do
Other materials and supplies
do
Supplementary series:
Household durables
do
Capital poods industries
do
Non defense
do
D e fe n s e
do

r

r

608,362
90,046
45,846
34,956

2 S3,408
210, 267
2 I4i t 257
!
2 84.741
' 2 81,372
2 426, 941
j
do
I - 35,509
do
2 j , ^ ocg
do
2 130,782
do
i 2 25,185
j
Unfilled orders, end of year or month (unadjusted), '
total t

do
do
do
do
do
do

14,361
22,6C6
38.419
8,393
13,364
64,942

14,511

CO, 712
79, 256
92, 795 108,209
61 \ 720 74,029
109,511 137,778
26,316
30, 009

do.
do.
do.
do.
do.

Nondurable poods industries, total A
do.
Industries with unfilled ordersf]^
do.
Industries without unfilled orders • A . - d o .
By market category: t
Home goods and' apparel A
Consumer staples
Equip, and defense prod., excl. auto
Automotive equipment
Construction materials and supplies
Other materials and supplies
Supplementary series:
Household durables
Capital poods industries
Nondefense
Defense

67, 996

38,375
8, 536
13,255
64,210

14,039
23,119
38, 842
8,430
14,161

172,646
165,040
7, 606

171,222 176,648 l T 7 - 8 0 r'178,453
(
10ti,40S .68, 599 169 V-P l i9,881
8, 049
7,814
8^248 I 8>f)(11)

172,468

173,333

175,453

162,795 ! 164,522
16,140 I 15,804
10,028 I 9,832
5,019 i 4, 932

165,519
16,051
9, 768
5, 201

167,261 168, 962
16,658
10,004
9, 993 10,580
5, 000
4,980

23,192
43,843
22,812
51,445
33,553

23,302
43,808
23,251

341740

23,464
44,279
23, 575
52,744
34,793

7, 814

8, 192

8,217

170,832 172,994 '172,229 171,440 ; 172,731
162,550 164,942 ! 164, 567 163, 851 , 164,998
8,052
7, 661
8, 282
,588 J 7,733
172,059

171,938

170,414

163,965
16, 692
10,690
4,840

164,055
16,846
10,650
5,056

I 162,787
' 16,330
! 10,323
I 4,896

23,092
44, 318
22,430
49,366
31,192

23,086
43,981
22,385
49,056
30, 842

22,881
43,886
22,246
49, 690
31,877

8,192

22,992
44,123
22,510
49,693
32, 239
8, 094

7,627

7,708

3,302
101,063
18,014
53,074

3,159
98,345
17,872
52,683

3,307
3,351
98,403 ] 97,681
17,963 ! 17,860
52,266 j 51,523

3,174
3,324
98,125 ! 99,604
17,616 ' 17,620
51,589 1 51,920

3, 303
3, 302
3, 366
99,712 I 101,063 100,978
17.830
18,014
18, 135
52,482
53,074
54, 700

2, 644
110,060
77, 829
32, 231

2,535
107,108
76, 813
30, 294

2, 604
2, 620
106,893 j 106,122
77,471
76,969
29, 422
29,153

2,451 ! 2,629
100,603 | 108,198
77,415 I 78,398
29,188 29, 800

2, 650
108,623

375,766

33,938
31,600

31,469
30,114

30, 944
32,368

43,808
23, 251
52,753
34,746

30, 585
32,746

170,503

22,997
43, 914
22, 678
50,958
32, 982
7, 946

30,749
32,887

177,179

180,255 : riso.5(13 181. 829
171,52(1 r 1 7 2 'o21 178,019
8, 729 i r s 5X») ; 8,530

r
177,623 178,107 '•180,00.-) jris2,301 183,459

69, 394 'K19 ,704
17, 122
17, on
10, 939 10, 977
5, 0(13
012

171,587 •171.017 171,831 "173,(141
16,800 ' 17,(178 17,205 ' 17,201
11,178 j
10,851
4,914 > 4,'8O7
-

374 Ir 23,501
44 ,3(11
44', 419
23, 741 ! 23,137
52 729
53 1
31.' 537 r 34^
8, 463
8, 229

23,494
44,133
23,772
51. V) 17
30,387

O'i,

' 4 1/215
-21,383
'55.371
' 3(1,941
8,478 j r H, 254 I

23. 373
1 1,871
21.572
5(1,231
3S,108

!

55, 352

8,340

I i , , 7
|
3.501
3,370
101 10s r 101,ll9 -•102,888 rjoi ()32 105,50(1
IS,102 MS,235 18,2(13
IS V*» 18,040
54' 880 \ 55,038 55,630 r 5iit527 , 5(1,213

30, 698

2, 644
2, 663
110,060 110,415
77,829
78,879
32,231
31,536

2 807 ' 2,692
n o ' 103 r H 0 , i i 9
79^351 r 79,708
30,809 I 30,411

33, 496

33, 495

33, 852
34,508

2,761 ! r 2 835
111.004 M13020
80,152 r so 704
31 512 \r 32 22(1

; 2,790 ' 2,8(12
114,131 '113,219
' 82,277 ' 81.93S
' 31,857 ' 31,311

30,348 ! 39,438
33, 095 35, 062

INDUSTRIAL AND COMMERCIAL
FAILURES©
693
858
Failures, total
number.
689
664
11,432
798
3 714
770
696
745
9,628
85 j 104
Commercial service
do...
105
87
108
1,637
111
109
101
99
90
1,331
142
158
Const ruction
do. !
119
130
107
2, 262
150
122
153
128
138
1,770
114
110
Manufacturing and mining
do"
127
92
74
1,645
100
114
101
105
105
1,360
284 ! 398
Retail trade
dc.
358
284
4,799
326
293
317
315
295
339
4,139
68 1
Wholesalc trade
do
75
88
89
1,089
76
98
81
88
69
1, 028
73
Liabilities (current), total
thous. $__ 4,380,170 3,011,271 373,635 305,552 263,965 250,318 183,572 277,598 200, 441 168,539 194,197 218, 19(1
41,971 37,873
Commercial service
do
j 475, 485 490,140 179,643 21,928 25,066 31,768 16, 089 35,323 21,163 27, 108
Const ruction
do_... i 640, 845 428,737 61,184 23,028 23,838 18,103 38, 074 21,647 56, 468 21,419 29,43.) 33,487
Manufacturing and mining
. . do
,1,020,609 1,121,722 57,417 206,547 120,800 157,475 50, 138 123,329 47,747 (13, ISO 72, 809 71,219
Retail trade
do
,1,835,908 556,912 44,955 40, 285 47, 966 26, 628 41,357 39, 290 43, 259 36,825 33,854 51,743
Wholesale tradc
do
i 407,323 413, 760 30,430 13,764 46, 295 16, 344 31,914 58, 003 31,804 10,407 16,128 50,874
Failure annual rate (seasonally adjusted)
28.4
3 34. 9
32. 0
31.2
34. 7
33.8
32.7
35.7
2 34.8
No. ])er 10,000 concerns,.
242.6
r
T
For these industries (food and kindred prod., tobacco mfs., apparel and oilier textile
Revised.
v Preliminary.
1 Advance estimate; totals for mfrs. new and unfilled orders
prod., petroleum and coal prod., chcni. and allied prod., rubber and plastics prod ) sales are
for June 1977 do not reflect revisions for selected components.
'-' Based on unadjusted data.
considered equal to new orders.
O Compiled by Dun <t Bradstreet, Inc. (failures data
• Includes data for Alaska.
*
f See eorrespondig note on p. S-6.
9 Includes data for
items not shown separately.
A See note marked " 0 " on p . S-5. ©Includes textile
for 48 States and Dist. of Col.: Hawaii included beginning July 1975; Alaska, beginning
r
null prod., leather and prod., paper and allied prod., and print, and p u b . ind., unfilled orders
Sept. 1976).
Corrected.
lor other nondurable poods are zero.




SURVEY OF CURRENT BUSINESS

S-8
Unless otherwise stated in footnotes below, data
through 1974and descriptive notes are as shown in
the 1975 edition of B U S I N E S S S T A T I S T I C S

1975

1976

1976

June

Annual

August 1977

July

Aug.

Sept.

1977

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS*
Prices received, all farm products
1910-14 = 100..
Crops 9
-do
Commercial vegetables
do
Cotton
do
Feed grains and hay
...do
Food grains
do
Fruit
do
Tobacco
do
Livestock and products 9
do
Dairy products
do
Meat animals
do
Poultry and eggs..
do
Prices paid:
All commodities and services
do
Family living items
do
Production items
do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14 = 100..
Parity ratio §
do
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
All Items
1967=100.
Special group indexes:
All items less shelter
do._.
All items less food
do
All Items less medical care
do...
Commodilies
do.
Nond arables
do.
Nondurables less food
do.
Durables
do.
Commodities less food
do.
Services
doServices less rent
do.
Food 9
-do...
Meals, poultry, and fish
do...
Dairy products
do
Fruits and vegetables
do...
ITousing...
do...
Shelter 9
do...
Kent
do...
11 oiIleownership
do...
Fuel and utilities9
do...
Fuel oil and coal
do...
Gas and electricity
do...
Household furnishings find operation
do
Apparel and upkeep
do...
Transportation
do...
Private
do...
New cars
do...
Used cars
do.. .
Public
do...
Health and recreation 9
Medical care
Personal caro
Reading and recreation

do..
do..
do..
do_.

474
537
567
235

465
444
456
504
379
354
300
907
485
591
569
233

488
471
418
565
412
382
284
877
505
559
626
226

486
481
447
581
421
376
268
851
492
577
588
233

466
451
434
497
394
336
305
924
481
593
558
238

460
459
464
545
394
320
294
980
472
002
537
23G

446
438
489
528
360
297
360
948
454
009
506
225

419
482
550
322
283
295
948
446
605
487
231

446
427
456
533
347
277
274
973
405
595
523
241

457
445
574
526
361
282
271
959
467
590
530
240

468
457
637
540
362
287
276
954
478
584
546
252

533
533
528

565
563
560

569
561
568

571
565
569

569
567
564

568
569
562

5G5
572
557

504
575
554

569
578
559

578
2 553
569

584
2 556
578

590
2 562
583

614

653
71

657
74

660
74

657
71

657

652
68

652
66

657
68

673

679
69

685

161.2

170.5

170.1

171.1

171.9

172.6

173.3

173.8

174.3

175.3

159.1
157.1
160. 9

168.3
167.5
169.7
165.2
169. 2
158.3
154.3
156.6
180.4
186:8
180.8
179.4
169. 3
175.4
177.2
179.0
144.7
191.7
182.7
250.8
188.8
168.5
147.6
165.5
164.6
135.7
167.9
174.2
163.3
184.7
160.5
151.2

168.1
167.0
169.4

169.0
167.9
170.3

169.7
168.9
171.1

170.4
170.0
171.7

171.0
170.8
172. 4

173.1
172.9
174.2

165.2
169.0
157.9
154.7
156.5
179.5
185.8

166.0
169.7
158.1
155.8
157.1
180.7
187.2

166.6
170.4
159.1
156.4
158.0
181.8
188.4

167.0
170.7
160.4
156.9
158. 9
183. 2
189.8

167.4
171.0
161.0
157.8
159.6
184.1
190.8

171. 6 172.2
171.6
172.2
172.7
173.2
168.1
167.7
171.7
171.3
161.9 | 162.3
158.4
158.0
160.6
160.3
185.8
185.1
192.6
191.8

180.9
182.7
167.9
176.7

182.1
184.0
168.0
177.3

182.4
181.5
169.0
178.3

181.6
174.8
172.7
175.5

181.1
172.0
171.7
174.8

181.7
170.2
171.4
175.5

176.5
178.2
144.4
190.7
181.7
247.3
187.9
168.5

177.5
179.5
145.0
192.2
182.5
248.1
189.6
168.9

178.4
180.6
145.6
193.4
183.7
249.3
190.3
169.1

181.6
179. 3
171.1
170.8
179.5
181.5
146 2
194.4
185.1
250.8
192. 2
170.2

168.7
172.4
161.9
158. 9
160.6
187.5
194.4
183.4
172.3
171.3
177.6

180.1
182.0
146.9
194.8
186.5
253.1
193.9
170. 9

180.7
182.1
147.5
194.8
188. 2
258.0
195.5
171.7

181.6
182.4
148.3
195.0
192.0
264.5
201.4
172.3

183.1
184.1
149.5
196.7
194.8
271.7
204.2
172.6

146.9
165.9
165.0
134. 5
173.4
173.6

146.5
167.6
166.8
134.4
177.5
174.4

148.1
168.5
167.8
134.4
179.6
174.6

150.2
169. 5
168.6
134.2
180.1
176. 9

150.9
170.9
170.2
139.1
179. 9
177.4

151.9
171.4
170.6
139.7
179.0
177.6

151.8
171.4
170.7
140.4
178.0
178.0

150.0
172.1
171.4
141.1
177.7
178.7

162.8
183.7
159.8
150.9

163.7
185.5
160.5
151.2

164.4
186.8
161.6
151.4

165.3
187. 9
162.8
152.8

166.1
188.9
163.9
153.5

167.3
191.3
164.8
154.1

168.0
192.3
165.2
154.4

169.0
194.1
166.2
154.9

0.4
165. 0
156. 2
181.2
179.9

0.5
165. 5
156.9
181.4
179.9

0.5
166.2
157. 8
181.8
180.2

0.3
166.6
158. 3
181.9
180.1

0.3
167.1
159. 0
182.2
180.3

0.3
167.4
159. 6
181.7
179.6

0.4
168.0
160.4
181.9
179.7

0.6
172.2
103. 4
188.2
180. 4

181.9
249.3

184.9
254.2

186.3
256.0

187.9
256. 5

188.7
257.0

191.8
261.4

147.1

183.3
251.2
147.8

148.7

149.4

164.8
163.8
134.8

166.0
165. 0
135.1

167.3
166. 5
135.9

168.9
167.9
136.9

170.2
169.5
138.2

171.0
170.3
138.6

171.9
171.5
139.2

179.9

181.1

182.2

183.2

184.0

184.8

185.5

"0.8
1.0
»169. 4 171.4
* 161. 6 162.7
*183.f>! 187.1
1
181.3! 185.4
>194.0; 194.6
* 266. 6 j 272.0
1
151. 71 152.0
-173.5 175.1
3
173. 0 174.8
3
140.0: 140.1
a
187. 2 188.4

203.1
198.5
206.2

196.5
189. 2
201.6

197.2
191.7
201.0

200.6
196.7
203.2

207.3
203.3
210.2

184.8

185.3

185.6

187.1

206.4
192. 6
170.7
169. 3
174.0

204.1
192. 7
172. 2
170'. 0
177.2

204.5
193.1
172.3
170.1
177.6

178.2
189. 5
180. 9
177.8
183.7

179.8
189.0
181.5
179. 7
182. 9

180.0
189.3
181.9
180.0
183.4

463

452
458
348
400
426
313
899

76

158.4
163.1
151.7
145.5
149.1
166.6
171. 9
175.4
178.0
156.6
171.0
166.8
169.7
137.3
181.7
167.8
235.3
169.6
158.1
142.3
150.6
149.8
127.6
146.4
158.6
153.5
168.6
150. 7
144.4

432

484

471
577
544
240
2

597
565
592

401

482
482
567
352
261
374
966

477
479
507
572
359
277
319
967
473
577
551
232

475
641
589
365
282
297
957

'447
435
r
510
'328
r 24.")
354
900

485
571
585
220

2

450
407
452
510
300
239
339
841
493
582
590
231

r

r

601
570
594

2

470
574
508
217
597
573
588

2

595
577
583

692
69

695

'692

69

70

07

089
05

177.1

178.2

179.6

180.6

181.8

182. 0

175.0
174.0
176.0
170.9
175.0
163.1
159. 7
161.6
188.7
195.6
187.7
174.7
171.1
194.7
184.3
185.3
150.2
198.1
196.4
278.3
205.4
173.6
150.8
173.3
172.7
140.7
179.1
178. 9
169.8
195.8
166.7
155.5

177. 5
176.3
178.4
173.3
171.8
177.4
175.9
164.7
163. 9
162.2
160. 8
163.6
162. 6
191. 3
190.0
198.4
197.1
190.9
188. 0
174.6
175. 0
171.4
171.2
203.0
196. 8
186.7
185. 5
186.3 | 187.7
151.6
150.8
201.0
199.3
199.4
198.5
282.0
281.4
209.8
208.5
175.4
174.6
152.3
151.7
176.8
174.8
176.3
174.1
140. 6
140.9
187.8
182.7
180.4
180.4
171.4
170.7
199.1
197. 0
168.4
107. 3
156.0
155.8

178.4
177.3
179.4

179.7
178.4
180.6

180.2
179.2
181.4

174.3
178.3
165.7
163.4
164.7
192.3
199.5

175.4
179.7
166.6
163.9
165.4
193.7
201.1

17,"). 8
180.1
100. (')
104. 3
10."). 0
19.1. 3
202.8

191.7
175. 9
173.1
195.1

193.6
178.5
174.3
196. 8

194. 0
180.4
174.1
191.1

187.6
188.9
152. 2
202.3
200.2
282.6
210. 9
175.9
153.4
178.2
177.8
141.4
191.4
181.5

189.0
190.3
152.9
203.9
201.8
283.1
213. 0
177.1

190. 5
192. 2
153. 0
200. 2
203. ;>
"
283.7
210. 0
177.4

153. 9
179.2
178.7
141.7
192.2
183.2

153. 4
179.3
178.8
141. 0
190. 0
183. •")

172.3
200.5
169. 5
156.8

173. 2
201.8
170.6
157.6

174.1
203. 5
171.3
157.7

0.6
174.5
164.7
192.4
190.7
199.8
282.9
153.2

0.6
175.3
165.1
193.9
192.1

0.4
175. 5
105. 3
191. 0
191.9

202.0
285. 4

204. 3
287.1
154.8

178.4
177.6

178.1
177.5

189.9

0.8
173.6
164. 0
191.0
189.3
198.4
280.6
152.6
177.9
177.4
140.5
191.4

192.7

194.2

213.0
208.0
216.4

218. 4
212.0
222.8

220.8
219.0
221.9

218.7
219.4
218.1

208. 5
211.3
206.4

188.0

190.0

191.9

194.3

195.2

194. 4

194.8

207.9
194.0
174.0
172.0
178.7

208.1
194.9
175.1
173.1
179.8

215.4
196. 4
176.5
174.8
180.2

219.9
198.5
177. 5
176.1
180.7

220. 0
201.1
178.8
177. 5
181.6

224.4
202.0
180.3
179.3
182.4

216.2
202.0
180.5
179.3
183.1

213.2
202. 0
181. 3
180.2
183.8

181.1
191.2
183.2
181.0
185. 0

182.3
191. 9
184.1
182.1
185.7

183.0
195. 0
185.3
182.8
187.4

184.7
197.0
186.9
184.3
189.1

18."). 8
200. 5
188.8
18."). 4
191.9 I

180. 4
201.7
190.2
180.1
194.1

' 199.9
190.4
186.6
193.9

188.2
199.4
190.9
188.2
193. 3

176.1
175.1
177.0

Seasonally Adjusted ^
All items, percent change from previous m o n t h
Commodities
1967 = 100.
Commodities less food. . . . . . . . . .
_ do
Food.
_do.

Food at home
Fuels and utilities
Fuel oil and coal
Apparel and upkeep
Transport at ion
Private
New cars
Services

do...
do...
do...
do.
do.
do...
do...
do...

150. 6

197.3
278.1
152.3
170. 2
175.7
140. C

154.2

177. 5
170. 9
142.3

WHOLESALE PRICESo 1
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted

Spot market prices, basic commodities:
i 198. 2
1201.0
206.9
207.4
216.0
22 Commodities
1967 = 100
i 227. 3
i 201. 6
202.9
210.6
218.8
9 Foodstuffs
do
i 180. 4
i 200. 6
205.2
209.6
214.1
13 Raw industrial?
do
All commodities ©
do....
174.9
183.0
183.8
183. 2
184.4
By stage of processing:
Crude materials for further processing
do
196.9
205.1
206.2
210.2
211.8
Intermediate materials, supplies, etc
do
180.0
189.3
191.1
189.1
190.6
Finished goodsO
do
163.4
170.3
170.0
169.9
170.5
163.6
Consumer finished goods
do
169.0
168.7
168.9
169.6
162.5
173.2
173.1
Producer finished goods
do
172.1
172.6
By durability of product:
165.8
Durable goods
do
177.1
176.0
175.3
176.4
181.7
Nondurable goods
do
188.5
188.0
189.0
190.2
171.1
Total manufactures
do
179. 8
179.0
178. 9
179.8
165.6
176.6
Durable manufactures
do
175.6
174.8
175.7
176.6
182.8
182.1
Nondurable manufactures
do
182.8
183.8
'Revised.
^Preliminary.
«See note "V for this page.
i Computed by BEA.
2
Beginning .Tan. 1977, the consumer price index replaces the family living items index.
JData revised back to 1965 to reflect new base weights; comparable data for earlier period will
be shown later.
9 Includes data for items not shown separately.
§Ratio of prices received
to prices paid (parity index).
^Beginning Feb. 1977 SURVEY, data have been revised (back




r

204.1
203.8
204.1

to 1967) to reflect new seasonal factors.
d^For actual wholesale prices of individual commodities see respective commodities.
0Monthly data for 1970 have been revised to reflect
the availability of late reports and corrections by respondents.
0Goods to users, incl.
raw foods and fuels.

SURVEY OF CURRENT BUSINESS

August 1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS

1975

1976

1977

1976

June

Annual

S-9

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

COMMODITY PRICES—Continued
WHOLESALE PRICES^—Continued
(U.S. Department of Labor Indexes)—Continued
All commodities©—Continued
Farm prod., processed foods and feeds. 1967 = 100Farm products'?.
do __
Fruits and vegetables, fresh and dried .do__.
G rains
do._.
Live poultry
do._Li vesto ck
do...
Foods and feeds, processed 9
Beverages and beverage materials
Cereal and bakery products
Dairy products
Fruits and vegetables, processed
Meats, poultry, and fish
Industrial commodities.

184.2
186. 7
183.7
223. 0
180. 8
187. 0

183.1
101. 0
178.4
205. 9
166. 0
173.3

187.4
106.5
160.7
225.1
174. 0
185.1

188.1
196. 9
164.6
224.3
184.0
175.9

181.7
189.7
159. 3
207.6
179. 0
166.2

182.9
191. 9
180.2
205.5
164.9
161.6

179.5
186.7
192. 4
186.7
150.5
156.1

178.3
183.6
166.5
175.4
139.1
154.4

183.9
191.6
174. 4
180. 6
145. 7
166.1

184.8
193.5
198. 4
184. 9
153.7
166.0

188.4
199.0
212.6
185.8
183.7
166.2

190.9
202.4
219.1
183.4
177.2
163.5

195.9
208.1
205.6
184.4
182. 3
167.9

196.8
204.3
201.8
171.2
183.1
180.2

191.5
192. 7
176.2
157. 7
182.7
172.3

180.3
190. 5
182. 0
153. 3
193. 7
180.5

do..
do..
do.
do-.
do_.
do.

182.6
162.4
178.0
155. 8
160. 8
101. 0

178.0
173.5
172.1
168. 5
170.2
181.6

181.8
172.8
173.7
167.2
168.8
190.0

182.6
175.9
173.6
170.2
169. 7
185.3

176.7
175.8
170.2
173.9
171.1
174.7

177.2
176.4
169.7
170.5
172.1
176.1

174.9
177.5
160. 0
160. 8
174.4
168.5

174.8
178.8
168.7
168.1
175.7
168.4

170. 0
183. 8
168. 6
167. 3
175. 6
176.0

179.3
184.1
168.4
166.8
175.4
176.6

181.9
189.3
169.9
166. 9
182.9
177.4

183.9
199. 5
171.5
168.1
184.2
174.2

188.5
202.0
171.6
173.6
185.6
174. 9

192.0
206.0
172.0
174.2
185. 8
183.8

190.1
207.7
171.3
174.3
187.8
183.4

187.8
204. 7
172. 0
175.1
188. 5
189.5

_do.

171.5

182.4

181.5

182.7

183.8

184.8

186.3

187.1

187.4

188.4

189.9

191.6

193.2

194.2

194.6

195.8

188.2
183.4
221. 5
136. 4
254. 6
177.3

188.9
182.2
222.1
137.5
253.9
177.3

189.8
183.5
222.9
138.4
253. 9
177. 3

191.1
186.9
222.3
130. 0
273.7
178.9

192.6
188.1
223.2
139.5
304.9
180.6

193.8
187.7
224.0
139. 7
337.5
181.7

193.9
189. 0
224.1
140.8
318.8
182.3

193. 5
188.4
224.4
141.2
281.9
183.9

Chemicals and allied products 9
Agric. chemicals and chem. prod
Chemicals, industrial
Drugs and Pharmaceuticals
Fats and oils, inedible
Prepared paint

do.
do..
do.
do.
do.
do.

181.3
203. 6
206. 0
126.6
255. 2
166. 0

187.2
188.3
210. 3
134. 0
240. 0
174.4

187.3
188.1
218.4
134.4
243.5
173. 0

187.1
184.5
219. 2
134.7
258. 9
173.9

188.0
186.2
221. 2
135.2
249.4
175.7

188.6
186. 9
221.7
135.4
262. 9
176.2

188.6
186.8
222.2
135.4
251.2
176. 9

188.6
184.1
222.6
135.9
251.2
177.3

Fuels and related prod., and power 9
Coal
Electric power
das fuels..
Petroleum products, refined

do.
do.
do.
do.
do.

245.1
385.8
103. 4
216.7
257.5

265. 6
368.7
207.6
286.8
276.6

260.5
366.6
206.3
275.9
270.6

265.3
367.7
210.1
277. 3
276.8

269.2
367.8
213.6
286.6
280.7

271.2
368.0
214.5
289.5
283.7

277.1
368.4
213.2
330. 0
285.0

281.6
369.1
214.0
365.0
285.8

279.0
374.0
211.5
337. 6
287.6

278.7
376.3
214.0
322.2
289. 2

289.0
377.5
219.8
363.7
295.1

203.4
378.0
223.5
370.9
301.3

298.6
380.0
220.6
370.0
306.4

302.3
386.9
230.7
390.2
310.1

304. 0
390.6
234.4
386.6
311.6

306.6
393. 0
239. 2
391.9
312.9

Furniture and household durables 9
Appliances, household
Furn iture, house hold
Homo electronic equipment

do..
do..
do..
do..

130.7
132.3
146.3
03.5

145. 6
130. 2
153. 6
01. 3

145.3
139.1
153.0
91.2

145.7
139.7
153.5
91.2

146.1
140.0
153. 9
91.2

146.7
140. 2
155.0
91.2

147.2
140.4
156.5
91.3

147.5
140.6
157.5
91.0

147. 9
141.0
158.6
00. 0

148.6
141.2
158.7
89.6

149.1
142.1
158.9
89.3

149.6
142. 9
150. 6
80.3

150.1
143.1
160.7
88.4

150.5
143.2
161.1
88.4

151.3
144.5
162.2
88.3

151. 2
145. 4
162. 8
86.8

Hides, skins, and leather products 9
Footwear
Hides and skins
Leather
Lumber and wood products
Lumber

do..
do..
do..
do.
do.
do.

148. 5
147.8
174.5
151.5
176. 0
102. 5

167. 8
158. 0
258. 4
188.1
205. 6
233. 0

168.1
158.7
261.1
101.2
199.9
224. 2

170.3
160.7
278.6
192.2
203.7
231.2

171.6
161.2
284.8
196.3
207.5
236.2

173.6
162.5
292.1
107. 5
212.8
244.3

170.9
162. 6
251.4
193. 1
213.6
245.6

169.8
162. 0
231.8
191.4
214.3
244.3

174.5
164.5
278. 9
192. 9
222.7
257.8

176.7
165.9
282.5
201.3
224.2
259.3

177.6
166.7
285. 0
201.4
228.7
266.0

180.1
167.7
305.0
204.1
220. 6
268. 3

181. 9
168.2
313.0
210.7
229.3
267.8

179.7
168.6
288.8
202.1
228.7
264. 6

180.3
170. 3
291. 5
198. t»
235. 5
275. 9

Machinery and equipment 9
Agricultural machinery and equip
Construction machinery and equip
Electrical machinery and equip
Metalworking machinery and equip

do..
do.
do.
do.
do.

161.4
168.6
185.2
140. 7
171.6

171.0
183.0
108.0
146.7
182.7

170.4
182.1
197.8
146.0
182.1

171.2
182.9
199. 9
146.4
182. 6

171.6
183.8
200.6
146.7
183.7

172.8
185.6
201.0
145.2
184.4

174.0
186.3
202.7
140. 2
185.8

174. 5
188.8
204.5
149. 5
187.3

171.5
163. 8
251. 2
101. 7
220.0
252.1
175. 4
100. 6
205. 8
150. 0
188.

177.0
192. 3
208.8
151.3
190.9

177.5
193. 3
209.1
151.1
192.7

178.2
104. 6
200.5
151.7
103.7

178.8
104.0
211.4
151.8
104.7

180.0
195.1
213. 0
152.7
195.7

180.8
196. 0
213.2
153.0
197. 9

181.9
196. 0
214. 9
154. 1
199. 2

Metals and metal products 9
Heating equipment
Iron and steel
Nonferrous metals

do.
do_.
do.
do.

185.6
150. 7
200. 0
171.6

105. 0
158. 0
215. 0
181.6

196.6
157.0
218.2
183.1

198.0
158.4
220.1
187.2

199.5
159. 3
219.9
187.8

200.1
160.3
218.8
180. 0

200.0
160.1
218.8
188.4

200.1
160.9
218.9
187.5

200. 0
161.8
222.6
185.1

201. 8
162.9
224.2
185.3

203.0
163.1
224.7
188.3

206.4
163. 7
227. 3
105. 0

208.0
163. 5
228.2
100.3

208.6
164.0
227. 9
200. 9

207.8
164.5
226.9
197. 3

210.3
165. 4
231.0
198.0

Nonmetallic mineral products 9
Clay prod., structural, excl. refrac
Concrete products
Gypsum products
Pulp, paper, and allied products
Paper
Rubber and plastics products
Tires and tubes

do...
do
do
do-..
do..__
do....
do....
do

174.0
151.2
170.5
144. 0
170. 4
172. 0
150. 2
148.5

186.3
163.5
180.1
154.4
179 4
182.3
159.2
161. 5

186.3
162.1
179.5
153.5
179.6
181.8
157.1
155.5

187.3
163.1
181.0
153.4
180. 5
184.5
158.3
157.3

188.0
164.9
181.4
155.1
181.0
184.9
161.1
167.4

188.6
166.1
181.2
157.6
181.6
185.4
163.0
170. 9

189. 4
166.2
181.4
159.1
181.6
185.9
164.6
172. 9

189.5
168.2
182.4
160.1
181.5
186.2
164.8
172.1

180. 6
168.
183.0
160.1
181.8
186.6
164.7
172.3

102.3
170.1
187.0
160.8
182. 0
188. 9
164.5
170.0

193.4
167.8
187.8
160.8
183.0
189.4
164. 0
163.6

105. 0
170.7
188.4
164.0
183.6
191. 8
164.3
163.6

108.2
172.7
190.2
172.2
185.1
193.2
165. 9
170.1

198.9
174.2
190. 5
175. 9
186.1
194.1
166.4
167.8

200.4
180.2
190. 9
187.1
187.3
394.3
167.4
167.8

201. 5
183.8
192.8
18(i. 6
187.7
195. (>
108. 0
171.3

Textile products and apparel §
do...
Synthetic
fibers
Dec. 107,5=100.
Processed yarns and threads
do...
Gray fabrics
do...
Finished fabrics
do___
Apparel
1067 = 100,
Textile house furnishings
do...

137.0

133.4
151. 0

148.2
102.4
09.5
106.1
101.1
139.0
150. 3

148.3
102.5
99.7
106.6
101.4
139.8
158.9

140.0
102.6
101.2
108.5
101.0
140.2
150.6

149.5
103.3
99.6
108.5
101.0
141.5
160.7

149.0
103.1
98.9
107.1
100.5
141.3
161.1

149.3
101.9
98.0
107.4
100.3
142. 2
162.4

150.1
101.7
97.5
100.1
101. 4
142. 0
163.2

140. 9
101.6
07. 2
10"
101.5
142.0
16:

150.3
102.6
96.6
105.1
100.4
144.8
165.5

151.1
103.4
97.2
103.8
101.2
145.6
167.1

152.1
103.4
08.7
103.6
102.7
146.0
160. 6

153.7
106.6
101.5
105.0
104.2
146.4
170.4

154.0
107.0
102. 3
105.1
104.9
146.6
169. 7

154.4
109.5
103.4
104. 5
104.5
147.2
169. 7

154. 4
109. 2
103.4
104. 0
104. 3
147.2
109.7

Transportation equipment 9 .--Dec. 1068 = 100.
Motor vehicles and equip
1967 = 100.

141. 5
144.6

151.1
153.8

149. 2
151.8

140.2
151.7

150.2
152.8

151.0
153.5

156.1
159.0

156.2
150. 2

157.0
150.5

157.1
159. 2

157.2
159.4

158.4
160.7

158.7
161.0

159.0
161.3

150. 4
161.8

159. 5
161. 8

Seasonally Adjusted %
All commodities, percent change from previous
month
By stage of processing:
Crude materials for further processing 1067=100.
Intermediate materials, supplies, etc.*
do
Finished goods:
Consumer finished goods.
do
Food
do...
Finished goods, exc. foods _
_ do
Durable
do"..
Nondurable
do
Producer finished goods
do
By durability of product:
Total manufactures..
_
do..
Durable manufactures
.do..
Nondurable manufactures
do..
Farm products
do..
Processed foods and feeds
..do.
PURCHASING POWER OF THE DOLLAR
As measured b y Wholesale prices
1967=$1.00
Consumer prices
do




1.1

1.1

0.4

a

195. 7

220.8
199. 2

229.9
201.3

226.9
202.0

»-214. 9
201.6

210. 5
201.8

171.0
180.
165.8
146.9
178.4
178.4

"172. 9
"180. 6
a
167. 4
"148.0
"180. 3
"179. 2

174.4
184.2
167. 9
148.8
180.7
180.1

176. 0
186.2
169. 2
140. 4
182. 5
180.8

178. 3
190.8
1/0.4
150.5
183. 7
181.8

180.2
194. 8
171.2
151.1
184.6
182.8

179. 9
192. 3
171.9
151. 6
185.6
183.6

179.7
191. 0
172. 3
152. 0
185. 9
184.4

182.1
180.4
183.2

183.4
181.7
185.0

«184.1
"182. 5
*185.7

185.9
183.4
187.8

187.7
184.7
180. 5

189.6
185.4
192.4

190.6
185.7
195. 5

190.6
186.2
194. 7

190.3
187.8
192. 5

188.2
174.9

187.1
175.6

191.9
178.8

"194. 0
a
178. 6

198.3
181.9

203.3
185.4

210.2
190.1

205.3
193.5

191. 3
190. 2

187. 9
185. 6

$0. 541 $0. 540
.577
.579

$0. 539
.575

$.534
.574

0.532
.570

$0. 526 $0. 521 $0.515
.557
.561
.565

$0. 512
.554

$0. 514
.550

$0. 513
.548

0.7

0.5

0.6

202.1
191.7

202.2
192.7

207.1
193. 6

208.2
104.

169.2
181.0
161.5
144.2
173.1
173.1

168.5
177.1
162. 5
144.9
174.2
173.6

169.3
177.1
163.7
145.7
175.6
174.5

169.6
176.4
164.6
146.5
176.7
176.3

169.9
175.7
165. 3
146.8
178.0
177.0

179.1
174.5
183.5

179.3
175.3
183.1

179.1
176.2
181.5

180.2
177.8
182.4

181.0
179.3
182.4

195.3
181.6

0.546
.587

-0.2
202.4
189.8

194.2
180.5

187.7
175.9

189.2
176.0

,0. 546

$0,542
.584

$0. 544
.582

r
J
Revised.
See note "t" for this page.
d*See corresponding note on p. S.8.
9 Inuiuu^s uaui jor items not shown separately.
§ Effective with Jan. 1976 reporting, the
textile products group has been extensively reclassified; no comparable data for earlier pe-

242-659 O - 77 - S2

0.9
218.6
197.2

0.4
208.9
189.9

169.5
183.7
160.7
143.9
171.8
172.5

$0. 572
.621

-0.1

"0.5

0.5
209.7
188.7

riods are available for the newly introduced indexes.
% Beginning in the February 1977
SURVEY, data have been revised (back to 1967) to reflect new seasonal factors. tt> &ee
corresponding note on p. S-8.

SUEVEY OF CURRENT BUSINESS

S-10
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

1975

| 1976

Annual

August 1977

1976
June

July

Aug.

Sept.

1977
Oct.

Nov.

Dec.

Apr.

Jan.

Feb.

Alar.

11,708 r13,022

May

June

14,432

15,418

11,231
r
0, 921
r
5, 546

11,843
7,400
6,080

2,254
MiOO
1,142

2, 375
002
1,227

July

CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE J
New construction (unadjusted), total

mil. $__ 134,293

Private, total 9
Residential (including farm).New housing units

147,481

13,557

13,378

13,473

13,700

13,588

12,107

10,044

10,067

93,623
46,472
34,408

109,500
60,520
47, 277

9, 877
5, 699
4, 215

9, 836
5, 745
4, 497

9, 681
5, 390
4, 662

9, 969
5, 574
4,753

10,575
6,073
4, 834

10,496
6,026
4, 694

9, 518
5, 261
4,053

7, 956
4, 382
3, 438

7, 929
4, 383
3, 536

9, 269
5, 321
4,351

10, 263
r 0, 088
r 4,839

26,407
8,018
12,806

26,091
7,183
12,756

2,216
613

2,195
568
1,105

2,346
620

2 349
626

2, 367
610

2,179
591

1,804
456
906

1,836
468
915

2,078
554

2,204
582
1,108

1,150

1,150

1,191

2, 281
581
1, 129

3,683

3,777

338

350

240

263

347

2,088

2,137
821
59
80
122
323

do.
do.
do.

Nonresidential buildings, except farm and public utilities, total 9
mil. $..
Industrial
do
Commercial
do
Public utilities:
Telephone and telegraph
do

1,069

do.

Buildings (excluding military) 9
Housing and redevelopment
Industrial
Military facilities
Highways and streets

40,670

37,981

do_.
do.
do.
do.
do.

Public, total 9

15,254
668
918
1,390
10,861

13,213
628
971
1, 508
9,754

3,542

3, 792
1,192
62
73
131
1,179

3, 731
1,168
62
111
129
1, 092

3,412
1,076
58
86
118
1,023

145. 8

141.8

145. 2

107.1

103.6

107.4

59.2
46.3

54.5
47.1

Ot. I

61.0
45.8

Residential (including farm)
do
New housing units
do _
_
Nonresidential buildings, except farm and public utilities, total 9
bil. $_
Industrial
.
do
Commercial
do
Public utilities:
Telephone and telegraph
do

1,180
58
66
132
1,046

109.7

do_

3,680
1,182
54
87
125
1,029
149. 6

New construction (seasonally adjusted at annual
rates), total
bil. $_.
Private, total 9

314
345

26.5

26.0
12.6

12.9

13.0

1,051

1,062
367
348
3, 093
2,590

333

362

2, 759

3,201

3,575

r 998
66
90
120
583

1.005

1,128

95
135
'809

105
131
990

349
2, 439
925
71
92
120
439

978
54
73
133
811

917
58
125
515

895
58
84
121
312

150.1

153.8

155.4

148.4

157.1

163.

• 106. 1

• 170. 4

171.0

114.8

119.0

121.2

116.4

122. 6

127.

• 130. 0

132. 0

132.2

48.7

69.6
52.7

71.1
54.8

66. 8
52.1

72.4
58. 3

76.
62.

' 78. 0
'03. 5

26. 5
7.1
12.8

25.8
6.7
12.6

25. 9
6. 6
12.8

24.8
6.2
12. 5

24. 9
6.3
12.5

26.

27.4
7.3
13.9

13.

3.7

3.8

3.9

4.1

4.0

4.0

3.9

4.

38.7

38.2

37.9

34.9

34.3

32.0

34.5

35.

36. 2

13.9

13. 9
.7
.9
1.6
9.2

13.4
l'.O
1.5
9.8

13.0
.6
1.5
1.4
9.3

11.1
.6
1.0
1.5
8.5

10.8
.6
.8
1.5
8.2

11.8
.8
1.0
1.5
7.2

11.5
1.0
1.0
1.6
8.4

11.
1.
1.
1.

.9
1.5
10.4

80. 5
06. 2

80.1
00. 0

27.0
7.2
13.7

28.3
7.1
14.8

r
T

4.0

39. 9

do
do--.
do
do
do

Buildings (excluding military) 9
Housing and redevelopment
Industrial
Military facilities
Highways and streets.

3.7

do.

Public, total 9

T

4.3
r

38.4

38.8

12.5
.9
1.1
1.5
9.1

12.2
1.0
1.0
1.6

13.1
1.2
1.1
1.0
10. 0

CONSTRUCTION CONTRACTS
Construction contracts in 50 States (F. W. Dodge
Division, McGraw-Hill):
Valuation, total
mil. $_.
Index (mo. data seas, adj.)
1967=100.
Public ownership
Private own ership
By type of building:
Nonresi den tial
Residential
Non-building construction
New construction planning
(Engineering News-Record) O

92, 659
168

107,158
i 194

10,533
* 196

9,774
217

8,505
189

8,112
203

10, 063
r
240

7,691
r
210

7,196
183

6,748
203

7,523
207

9,937
207

12, 079
250

15, 932
317

15,417
284

32,198
60,460

29, 246
77,913

3,136
7,397

3,246
6, 528

2,505
5,999

2, 344
5,768

2, 265
7, 798

2,123
5,568

2,091
5,106

1,793
4,955

2,007
5,516

2, 655
7,282

2, 576
9,502

2 956
12, 976

5,424
9, 993

do
do
do

31, 647
31,261
29,751

30,045
43, 651
33, 463

2,805
4,166
3,562

3,031
4,149
2, 594

2,536
4,099
1, 869

2,875
3,758
1,478

2, 728
4,064
3,271

2,491
3,716
1,484

2,133
3, 236
1,828

2,163
2,927
1,658

1,879
3,427
2, 217

3,003
5,149
1,785

2,890
5, 206
3, 922

3, 047
5, 660
7, 225

3, 003
5, 945
0, 409

do..-.

83,795

88,457

6,041

8,003

5,948

7,056

7,359

9, 771

10, 674

9,351

4,438

6,441

•5, 526

6,979

7, 015

0, 844

1, 547. 6
1,0-48.3
1, 537. 5
1,162. 4

155.1

137.4
87.2
136.6
112. 8

146.8
97. 7
145.9
112.8

153.1
98.8
151.8
108. 0

149.8
98.1
148.4
109.1

128.2
89.5
127.1
89.4

108.1
78.6
107.4
71.6

r

105.5
154.2
119. 6

112.7
80.7
112. 5

173. 6
124.4
173. 6
125.8

• 182. 4
120. 4
182.2
138.8

201. 3
131.7
201.3
152. 2

199. 1
131.9
198. 8
150. 2

188.
130.
188.
1-10.

1,494
1,122

1,413
1,129

1,530
1,172

1,768
1,254

1,715
1, 269

1,706 I 1,889
1,236
1,324

1,384
1,006

1,802
1,424

2, 089
1, 503

1,880
1,413

1,910
1,400

2, 004
1, 102

1,280
895

1,170
834

1,229
866

1,308
876

1,481
914

1,481
987

1,583
1,055

1,532
1,047

1,333
930

1, 52C>
1, 000

1,687
1,188

1,051

1,(178
1, 105

1, 030
1,139

212.7

' 240. 1

23.4
231

20.0
221

23.4
242

22.4
248

21.9
263

17.8
247

15.0
248

2 18. 0
2 275

23.4

149.0

150. 5

150. 9

1,921
2,088
1,990
1,967
1,850

1,931
2,090
1,994
2,009
1,851

1, 938
2,098
2,000
2,017
1,860

mil. $..
do

HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total (private and public).
In side SM S A's
Prlvately owned
One-fam ily structures
Seasonally adjusted at annual rates:
Total prl vately owned
One-family structures

thous
do
do
do

171.4
766.8
160.4
892. 2

do
do

New private housing units authorized by building
permits (14,000 permit-issuing places):
Monthly data are seas. adj. at annual rates:
Total
thous..
One-family structures
do
Manufacturers' shipments of mobile homes (Manufactured Housing Institute):
Unadjusted
thous
Seasonally adjusted nt annual rates
do

939
676

81. "
)
63.9
81.3
55.7

r

r

1, 937
1,45.">

r

1,015
1, 077

r

r

r

24.9

20. 8
21). 4

151.7

24.2
252

152. 7

1,967
2,116
2, 012
2, 027
1,868

1,988
2,118
2, 013
2, 029
1,895

5
4
5
5

CONSTRUCTION COST INDEXES
Dept. of Commerce composited31

1972 = 100..

138.2

143.5

143.6

143. 9

144.4

144.5

145.3

146.1

American Appraisal Co., The:
Average, 30 cities
Atlanta
New York
San Francisco
St. Louis

1913 = 100..
do
do
do
do

1,716
1,871
1,827
1,698
1,659

1,870
2,009
1, 943
1,906
1,803

1,870
1, 987
1,921
1,926
1,821

1,896
2,043
1, 978
1,930
1,835

1,906
2,050
1,984
1,941
1,846

1,911
2,054
1,987
1,957
1, 849

1,914
2,048
1, 975
1, 961
1,841

1,912
2,044
1, 980
1, 957
1,839

Boeckh indexes:
Average, 20 cities:
Apartments, hotels, office buildings
Commercial and factory buildings.
Resi dences

1967 = 100..
..do
do

185.0
188.8
183.5

199.6
204.9
198.6

r

201.3
206.6
200.7

2
Revised.
v Preliminary.
* C o m p u t e d from cumulative valuation total.
Unadjusted data for J a n . - D e c . i976 a n d seasonally adjusted d a t a for J a n . 1974-Dec. 1976 will be
available later.
t D a t a for n e w construction have been revised back to J a n . 1973. T h e revised data are
available from t h e B u r e a u of t h e Census, Washington, D . C . 20233.




202. 8
208.1
202.6 !

207.3
212.8
208.3 I

1,916
2,050
1, 983
1, 961
1, 842

214.0

212.7
217.4
211. 9

1,949
2,112
2, 003
2, 022

1,864

214. S
219. 5
214.3

2. 014
2,143
2,115
2,014
1,921

208.9 i
•77
© D a t a for J u l y , Sept., Dec. 1976 a n d Mar., J u n e 19' are for 5 weeks; other m o n t h s ,
4 weeks.
9 Includes data for items not shown separately.
cfData (back to J a n . 1964) have been restated on a .ie\v comparison base (1972 = 100) .
•st.
Monthly data for earlier periods are available u p o n reque:

SURVEY OF CURRENT BUSINESS

August 1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS S T A T I S T I C S

1975

1977

1976

1976

Annual

S-ll

July

June

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

July

June

CONSTRUCTION AND REAL ESTATE—Continued
1

CONSTRUCTION COST INDEXES—Con.
Engineering News-Record:
Building
1967 = 100
Construction
do
Federal Highway Adm.—Highway construction:
Composite (avg. for year or qtr.)-1967 = 100

193.3
205.7

210.9
223.4

209.5
224 3

203.8

199.3

200.4

160 4

174 3

199 2
179 4

179 3
186 7

140.9
166.9
182 9

141.9
191.2

165.7
190. 0
238 7

142.4
182.4
230 9

8.3
86
15.8
171

6,166.12 6,362.12 655. 59
8, 863. 84 10,414.77 1,250.56

211.0
224.7

215.4
227 6

217.4
229 8

218.4
230 7

218.9
231. 5

219.7
231.8

220.4
232.2

221.9
233.2

1 225. 2 1 227. 8
1
236.5 1 240.1

223.0
234.1

222.9
235.0

215.4

202.2

200.4

199.0

222.6
234.0

CONSTRUCTION MATERIALS
Output index:
Composite, unadjusted 9 cf
Seasonally adjusted cf ._

1947-49-100
do

Iron and steel products, unadjusted
Lumber and wood products, unadj
Portland cement, unadjusted

do . . .
do
_ do _.

191 1
174 9

183 9
179 8

176 7
159 6

163 4
171 9

I59 4
176 1

139 6
147 5

147 7
107 8

188 1
195 5

179 0
174 8

147.7
202. 2
51 1

147.7
199.5
233 6

139.9
204.2
^23 7

129.0
188.7
190 4

122.7
186.9
138.6

106. 5
185. 5
83.5

118.8
184. 2
12~> 0

160.2
217.3
187 5

149. 0
201.2
213 0

240 4

9.6
115
15.0
170

9.2
107
15. 5
168

8.0
89
15.3
182

7.7
93
15.4
190

9.1
115
16.0
193

8.7
125
14.5
234

6.8
107
15.6
230

11.2
156
18.6
254

10.6
111
22.5
240

10.8
125
19.7
216

12.3
126
18.4
203

645.90
709.55

712.67
912. 39

512. 30
995. 32

544.50 557. 75 508.00
827. 26 1,053.18 962. 30

608. 67
989. 22

699.49 676. 86
988. 50 1,041.52

9

REAL ESTATE1J
Mortgage applications for new home construction:
FITA net applications
thous. units..
Seasonally adjusted annual rates
do
Requests for VA appraisals
.
do
Seasonally adjusted annual rates
do
Home mortgages insured or guaranteed b y Fed. Hous. Adm.: Face amount
mil $
Vet. Adm.: Face amount §
do

82.3

95.0

157.7

183.4

Federal H o m e Loan Banks, outstanding advances
to member institutions, end of period
mil. $_. 17,845
New mortgage loans of all savings and loan associations, estimated total
..
mil. $
By purpose of loan*
Home construction
do
I To me purchase
do
All other purposes
do
Foreclosures

. number

Fire losses (on bldgs., contents, etc.)

mil. $._

9.1
95
20.0
216

9.2
110
17.3
205

654.11 080. 04
654.86 906. 87
903. 75 1,137.86 1,184. 57 942. 53

15,862

15,274

15,403

15, 751

16,062

15, 865

15, 765

15,862

15,183

14,816

14,462

14,952

55,040

78,792

8,326

7,771

7,747

7,253

6,808

6,526

7,287

5,448

5,631

8,211

8,966

r

10,097
32,106
12,837

14,820
48,252
15,720

1, 435
5, 300
1,591

1,378
4,977
1,417

1, 320
5,047
1,380

1,324
4,574
1, 355

1,332
4,183
1, 293

1,306
3,958
1,262

1,421
4,178
1,688

1,005
3,310
1,133

1,071
3, 375
1,185

1, 710
4,780
1,715

1, 758
5,426
1,782

r

r

r

r

3,558

288

275

299

316

247

238

314

334

362

347

323

15,717

15,801

11, 269

9, 058

15,148
9,800

1,919
0, 021
r 1,800

r

2,104
7,105
2,000

1,830
0,180
1, 042

142,803
3,560

306

304

DOMESTIC TRADE
ADVERTISING
McCann-Erickson national advertising index,
seasonally adjusted:
Combined index _
_
_
1967=100
Network T V . . . .
.
do "
Spot TV
do"""
Magazines
do
Newspapers
-"["""do..^

180
191
215
143
175

180
191
231
142
159

193
225
216
148
177

188
198
230
141
189

183
186
240
145
167

190
198
219
154
195

189
206
226
146
178

183
194
209
151
180

192
215
213
148
194

192
212
213
163
177

200
223
219
108
187

199
227
210
100
184

Magazine advertising (general and natl. farm magazines):
Cost, total
mil. $
Apparel and accessories
""" do V"
Automotive, incl. accessories
.
do
Building materials.
"do
Drugs and toiletries
I"~~do"~
Foods, soft drinks, confectionery
"do".!

1, 622. 0
56.4
142.0
28.4
165. 2
120.5

123.1
2.6
11.2
2.6
13.9
10.8

100.9
1.9
8.3
1.7
11.6
6.9

101.1
3.9
6.0
1.2
12.5
6.9

142.9
7.6
7.4
3.1
13.9
9.4

182.4
7.1
19.6
3.5
17.6
15.3

194.0
6.3
18.9
2.2
16.9
17.2

141.5
4.2
8.8
2.1
14.4
12.7

111.7
3.4
9.6
1.4
12.3
6.8

135.9
3.2
13.5
2.0
16.0
11.7

154.4
5.9
14.8
3.5
17.0
11.5

170. 6
7.1
17.4
4.5
17.2
13.7

200.5
7.2
20.6
4.6
21.3
14.1

150. 7
3. 5
15. 9
3.3
17.8
12.0

$0
do
do...
do
do
do

110.9
83.6
46.9
25.0
161.7
681.2

9.1
5.6
4.1
1.5
13.4
48.3

6.7
4.6
3.1
2.2
12.2
41.7

5.9
4.7
3.2
2.3
13.0
41.3

8.3
8.3
4.3
2.3
12.5
65.8

12.5
10.8
5.0
2.8
13.3
74.9

15.8
11.7
5.4
2.6
14.9
82.1

17.3
6.3
3.8
1.9
12.8
57.0

4.1
3.1
2.9
2.2
12.9
52.9

5.0
5.3
3.6
2.8
13.6
59.1

8.0
8.8
3.7
2.7
13.3
65.0

9.0
11.0
4.7
3.7
13.7
74.0

11.2
15.0
6.0
4.2
c 10. 9
0 79. 4

10.0
7. 7
4.1
2.0
15. 7
58.1

Newspaper advertising expenditures (64 cities)- ©
Total
mil>$_
Automotive
do
Classified
do "
Financial
"'.'.'.'.""'.'.['.". do
General . .
_
c\n
Retail.:....:..:;:::::::;;:;::;:;:;::::;;dS:::
WHOLESALE TRADE

4,117.4 \ 068. 5
93.3
120.6
982.2 1,255. 6
130.8
139.8
547.1
694.6
2,364.0 2,858.0

422.9
9.5
109.3
12.3
58.4
233.5

362.7
8.6
104.9
10.5
42.1
196.6

406.1
9.5
118.4
6.7
44.9
226.5

427.1
11.2
106.4
11.2
60.4
237. 9

492.9
12.9
118.6
14.5
74.8
272.0

478.4
12.3
100.0
11.2
68.4
286.6

446.6
7.3
83.1
12.0
51.9
292.3

429.3
12.1
116.8
13.7
61.4
225.3

393.1
12.1
101.9
9.3
55.9
214.0

494.7
14.6
130. 3
13.4
69.3
267.1

492.0
14.5
133. 0
13.9
09. 0
261.7

555. 7
14.8
146. 9
13.0
81.8
299.3

13. 3
130. 3
14.7
00. 1
275. 1

Merchant wholesalers sales (unadj.), total, mil. $ 439,000 482,549 42,196 39,877 41, 296
Durable goods establishments
_ do
185, 922 210, 864 18, 981 17,500 18,539
Nondurable goods establishments
UdoZZIZ 253, 078 271, 685 23,215 22,377 22, 757
Merchant wholesalers inventories, book value,
end of year or month (unadj.), total., mil. $ '
45,497 50, 652 48,029 48,421 48,226
Durable goods establishments
do
27, 430 30,102 29,754 29,906 29,486
Nondurable goods establishments.
Y.V.doY." 18,067 20,550 18,275 18,515 18,740
' Revised
* Preliminary.
•
1 Index as of August 1, 1977: Building, 230.0: construction,
ll lAS
nOt S h W n separatel
direct loans sold
*
°
y§ D a t a include guaranteed
HHome mortgage rates (conventional 1st mortgages) are under money and interest rate

42,154
18,818
23,336

40, 936
18, 043
22,893

41,355
17,863
23,492

42,074
17,703
24,371

38,313
16,358
21,955

39,370
17,222
22,148

40,029
20,005
20,024

44,193
19,888
24,305

•45, 525
•20, 040
•24, 879

40, 834
21,057
25,177

48,932 49,929
30,048 30,129
18,884 1 19,800

50,736
30,272
20,464

50,652
30,102
20,550

51,274
30,590
20,684

52,183
31,191
20,992

53,079
31,738
21,341

52,991 •52,744
31,816 '32, 405
21,175 20,339

53,005
33,014
19, 991

Beer, wine, liquors
Household equip., supplies, furnishings"
Industrial materials
Soaps, cleansers, etc_._ .
.
_
Smoking materials
_
Allother




on p. S-18.
© Source: Media Records, Inc. 64-City Newspaper Advertising Trend Chart.
c
revisions back to Jan. 1974 will be shown later.
Corrected.

d"Monthly

sTT BUSINESS

,^EY OF

S-12
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of B U S I N E S S S T A T I S T I C S

1975

1976

1976
June

Annual

August 1977

July

Aug.

Sept.

1977

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

60,943

July

DOMESTIC TRADE—Continued
RETAIL TRADER
All retail stores: If
Estimated sales (unadj.), total If

mil. $.

584,423

651,884

55,449

55,938

54,165

53,158

55,962

56,186

68,171

49,213

49,382

58,326

60,294

60,317

do_.
do..
do_.
do_.

180,725
102,105
93,046
9,059

214,169
125,625
115,631

19,617
11,876
11,009
867

19,062
11,412
10,513
899

18,230
10,648
9,769
879

17,602
9,983
9,167
816

18,259
10,561
9,691
870

17,844
10,216
9,332
884

19, 639
10,265
9,319
946

15,645
9,612
8,828
784

16,608
10,343
9, 591
752

20,706
13,080
12,113
973

21,081
12,980
11,954
1,026

21,350 22,299 1 21,123
12,996 13,695 112,868
11, 999 12,625
' 997 1,070

Furniture, home furn., and equip. 9
Furniture, homefurnishings stores
Household appliance, T V , radio

do..
do_.
do_.

26,123
15,283
8,420

28,963
17, 053
9,200

2,424
1,440
776

2,415
1,425
773

2,404
1,448
745

2,367
1, 393
752

2,447
1,470
768

2,596
1,574
791

3,187
1,721
1,091

2,183
1,311
677

2,205
1,347
067

2,552
1,574
781

2,517
1,540

' 2,555
'1,568

2,623
1,599
819

Building materials and hardware
Lumber, bldg. materials dealersd"
Hardware stores

do.
do_.
do..

23,974
18,202
5,772

28,168
21,946
6,222

2,641
2,050
591

2,620
2,063
557

2,573
2,079
494

2,540
2,033
507

2, 508
1,972
536

2,461
1,926
535

2,386
1,754
632

1,784
1,390
394

1, 952
1,552
400

2, 493
1,977
516

2,710
2,113
597

'2,870
'2,241
' 629

3,047
2,417
630

Nondurable goods stores 9
do_.
Apparel and accessory stores
do.
Men's and boys' wear stores
do_.
Women's apparel, accessory stores_..do_.
Shoe stores
do..

403,698
26, 749
6,085
10,396
4,123

437,715
28, 612
6,325
11,123
4,373

35,832
2,213
512
871
335

36,876
2,201
470
874
331

35,935
2,308
465
884
381

35,556
2,327
459
939
392

37,703
2,477
517
1,001
385

38,342
2,574
583
1,003

48,532
4,147
1,050
1,482
525

33,568
1,959
475
717
304

32,774
1,851
409
720
286

37,500
2,219
463
850
356

39,213
2,466
540
878
428

38,967 38,644
' 2,264 2,251
'508
527
'847
810
'362
353

18,098
47,514
131,723
122,666
43,895

19,704
52,290
140,984
131,133
47,731

1,615
4,544
11,657
10,798
4,079

1,598
4,786
12,531
11,661
4,322

1,619
4,760
11,603
10,761
4,219

1, 551
4, 455
11,636
10,832
3,989

1,625
4,530
12,153
11,312
4,116

1,636
4,243
11,483
10,691
4,064

2,357
4,495
13,210
12,289
4,248

1,578
4,081
11,521
10,770
3,969

1,575
4,069
11,120
10,378
3,706

1,704
4,570
12,231
11,378
4,162

1,725
4,734
12,594
11,702
4,336

'1,732
' 5,025
12,443
11,567
' 4,405

95,402

104,168

8,144

8,023

8,381

8,315

9,067

10,499

15,342

6,484

6,594

8,580

9,059

' 8,945 ' 8,928 1 8,818

88,544
60,719
5,995
9,120
10,974

96,761
68,011
6,584
8,259
11,411

9,751
6,821
874
709
967

14,603
10,707
709
1,334
1,344

5,924
4,160
420
452
838

6,034
4,194
451
483
853

7,870
5, 462
048
618
902

8,402
5,923
554
706
929

' 8,279 ' 8,286
5,921
5,913
510
490
655
'645
992
'956

1

Durable goods stores 9
Automotive, dealers
Passenger car, other auto, dealers
Tire, battery, accessory dealers

Drug and proprietary stores
Eating and drinking places
Food store s
Grocery stores
Gasoline service stations

do_.
do_.
do..
do_.
do_.

General merchandise group with nonstores9
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.), totals t
Durable goods stores 9 $
Automotive dealers
Passenger car, other auto, dealers
Tire, battery, accessory dealers

1

1

1

60,036

2,566

38,913
2,093

1

' 1,734
' 5,130
12,074
11,722
' 4,424

1 1,709
1 5,290
13,062
12,208
1
4,690

7,561
5,390
439
624
954

7,435
5,207
456
619
1,043

7,782
5,439
549
634
940

7,652
5,460
543
595
908

8,353
5,863
672
645
963

do

53,983

53,754

54,643

54,100

54,634

55,573

57,898

56,660

58,175

59,522

59,465

59,181

58,438

58,741

do
do
do
__do

17,803
10,523
9,725
798

17,699
10,345
9,531
814

18,208
10,795
9,938
857

17,481
10,125
9,307
818

17,559
10,098
9,256
842

18,157
10,501
9, 650
851

19,730
12,014
11,134

19,024
11,602
10,611
991

19,764
11,981
10,999
982

20,087
12,629
11.614
1,015

20,333
12,171
11,193
-978

20,088
11,938
10,988
'950

19,877
11,926
10,959
967

19,822
11,709

8,193

Furniture, home furn., and equip. 9
Furniture, home furnish ings stores
Household appliance, TV, radio

do..
do_.
do..

2,417
1, 397

2,394
1,389
749

2,414
1,438
749

2,361
1, 419
728

2,439
1,434
793

2,512
1,503
793

2,516
1,500
787

2,414
1,481
720

2,563
1,552
782

2, 606
1,592
820

2,636
1,584
•-846

Building materials and hardware
Lumber, bldg. materials dealersd*
Hardware stores

do..
do.
do.

2,312
1,808
504

2,297
1,800
497

2,324
1,828
496

2,365
1,858
507

2,319
1,809
510

1, 932
536

2,528
1,991
537

2,371
1,831
540

2,549
2,021
528

2,712
2,130
582

2,698 ' 2,666
2,115 ' 2,106
'560
583

36,180
2,324
519
919
352

36,055
2,393
527
936
352

36,435
2,422
522
946
371

36,619
2,395
515
956
362

37,075
2,446
535
957
372

37,416
2,418
540
924
372

38,168
2,473
549
915
392

37,636
2,380
550
879
365

38,411
2,484
564
941
384

38,835
2,424
543
920
369

39,132 39,093 38,561 38,919
2,415 ' 2.394 ' 2,370 2,326
530
' 529
543
855
'885
888
370
'384
380

1,625
4,283
11,765
10,929
3,922

1,616
4,387
11,614
10,797
3,943

1,649
4,367
11,805
10,992
3,958

1,634
4,407
11,774
10,975
3,985

1,667
4, 356
11,909
11,079
4,067

1,710
4,415
11,887
11,044
4,118

1,733
4,518
12,188
11,358
4,274

1,690
4,465
11,871
11,046
4,263

1,729
4,720
12,200
11,367
4,265

1,757
4,795
12,403
11,540
4,264

1,734 ' 1,757 ' 1,739 I 1 1,766
4,777 ' 4,827 r 4,830 j 14,867
12,452 12,660 12,551 j 112,483
11,563 11,791 11,690 111,660
4,415 ' 4,340 4,20(J 1 4,283

8,716

8,611

8,939

9,008

9,153

8,983

9,218

9,394

r

8,452

7,974
5,676
547
637
952

8,305
5,851
598
664
955

8,378
5, 936
570
656
967

8,491
6,063
530
688
950

8,207
5,802
640
644
941

8,347
5,932
567
661
1,018

8,517
6,009
594
702
996

8,722
6,125
618
707
971

' 8,605 • 8,546 1 8,955
' 6,112 • 6,061 1 6,411
582
569
690
'685
987
' 990

Nondurable good? stores 9 t
do —
Apparel and accessory stores
do
Men's and boys'wear stores
do
Women's apparel, accessory stores._.do
Shoe stores.
do
Drug and proprietary stores
Eating and drinking places
Food stores
Grocery stores
Gasoline service stations

do
do
do
do
do

General merchandise group with nonstores 9
mil. $_
General merchandise group without nonstores 9 §
mil. $_.
Department stores
do
Mail order houses (dopt. store mdse.) -do
Variety stores
do
Liquor stores
do
Estimated inventories, end of year or month: f
Rook value (unadjusted), totalf
mil. $..
Durable goods stores 9
do
Automotive dealers
do
Furniture, home furn., and equip
do
Building materials and hardware
do

7,865
5,580
516
655
970

7,814
5,481
540
656
955

8,100
5,713
554
666
957

' 2,625 ' 2,543 1 2,621
' 1,563 1,532
'844

9,296

2,653
2,111
542

• 9,218

1 9,649

73,041
33,970
16,690
5,294
4,610

80,855
38,036
18,852
5,726
5,102

79,819
37,160
18,252
5,497
5,063

79,320
36,766
17,777
5,523
5,087

78,475
35,029
16,119
5,506
5,086

81,141 83,875 85,643
36,090 36, 831 38,115
16, 766 17, 072 18,043
5,722 5, 931 6,028
5,241
5,249
5,171

80,855
38,036
18,852
5,726
5,102

81,217
38,626
19,117
5,778
5,205

82,862
39,387
19,521
5,903
5,435

86,202
40,839
20,339
0,049
5,627

87,385 • 87,658
41,151 41,284
20,432 20,414
6,162 ' 6,226
5,634 ' 5,672

39,071
5,342
8,189

42,819
6,066
8,873

42,659
5,979
8,322

42,554
6,059
8,285

43,446
6,324
8,329

45,051
6,728
8,411

47, 044 47,528
6,942
6,909
9,153
8,772

42,819
6,066
8,873

42, 591 43,475
5,900 6,042
8,704 8,555

45,363
6,395
8,832

46, 234 '46,374 46,796
6,468 ' 6,418 6,445 I
8,895 ' 8,970 8,995 '

15,864
9,735

18,246
11,429

18,926
11,626

18,962
11,582

19,478
11,929

20,343
12,461

21,506
13,462

18,283
11,380

19, 272
12,000

20, 296
12,796

74,676
34,474
16,876
5,315
4,817

82,405
38,224
18, 684
5,743
5,331

79,375
35, 863
17,170
5,536
4,916

79,917
36,523
17,446
5,573
5,057

81,118
37,515
18,443
5,523
5,096

81,848
37,822
18,364
5,671
5,271

81,658 81,660 82,405
37,518 37,933 38, 224
17,895 18,207 18,684
5, 736 5, 757 5,743
5,326
5,389
5,331

83,616 83, 878
38,931 38,912
18,965 18,824
5,890
6, 066
5, 349 5,430

85,397
39,613
19,224
6,166
5,495

21,036 -21,465
13,220 • 13,457
86,033 87,176
39, 581 •40,279
19,149 •19,591
6,181 ' 6,289
5,443 ' 5,507

Nondurable goods stores 9
do,..
40,202
Apparel and accessory stores
do
5,594
Food stores
do
8,060
General merchandise group with nonstores
mil. $__ 17,099
10,502
Department stores
do

44,181
6,352
8,733

43,512
6,177
8,415

43,394
6,246
8,420

43,603
6,249
8,482

44,026
6,383
8,470

44,140
6,410
8,600

43,727
6,287
8,776

44,181
6,352
8,733

44, 685
6,392
8,801

44, 966
6, 294
8,641

45,784
6,414
8,859

46,452 ' 46,897 47,688
6,514 ' 6,516 0, 651
8,904 '9,024 9,086

19, 688

19, 256
11,912

19,184
11,855

19,328
11,905

i9,537
12,016

19,517
12,117

19,183
12,053

19, 688
12,342

19,865
12,410

20,482
12, 875

20,710
13,057

21,160 '21,071 22,225 13,233 r 13,525 13,894 | -

Nondurable goods stores 9
do
Apparel and accessory stores
do
Food stores
do
General merchandise group with nonstores
mil. $..
Department stores
do
Rook value (seas, adj.), total f
Durable goods stores 9
Automotive dealers
Furniture, home furn., and equip
Building materials and hardware

do
do
do_
do...
do...

12,342

• iicvBcu. * Auvanue esumaie-.
n u a t a may oe understated because of deficiencies in
the probability sample being used for current estimates (the 1972 Census of Retail Trade
indicates that total retail sales for 1972 were 4.8 percent higher than the estimates made from
the sample). A comprehensive revision of the survey (including the selection of a new and
improved sample) is now underway; revised data will be introduced upon its completion
9 Includes data not shown separately.
& Comprises lumber yards, building materials




88,364
41,568
20,461
6,322
5,609
I

21, 568 18, 246
13,825 11,429

21,863
13,574
88,353
40,665
19,827
6,373
5,425

dealers, and paint, plumbing, and electrical stores.
§ Except department stores mail order.
{Seasonally adjusted data have been revised back to Jan. 1973 to reflect new seas. adj.
factors (revisions prior to May 1975 are available from the Bureau of the Census, Wash.,
D . C . 20233).
t Series revised beginning Jan. 1974 to reflect benchmark data from the 1975
Annual Retail Trade Report and new seas, factors; revisions for Jan. 1974-Aug. 1975 appear
on p. 22 ff. of the Nov.

1976

SURVEY.

SURVEY OF CURRENT BUSINESS

August 1977

1976

1975

U n l e s s otherwise stated in footnotes b e l o w , data
through 1974 and descriptive notes are a s s h o w n
in the 1975 edition of B U S I N E S S S T A T I S T I C S

S-13
1977

1976

Annual

June

July

Aug.

Dec.

Nov.

Sept. | Oct.

Jan.

Feb.

Mar.

Apr.

May

June

17,513

17,729

July

DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
Firms with 11 or more stores:
Estimated sales (unadj.), total?
Apparel and accessory stores 9
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores

183, 076 199,578

Grocery stores
Tire, battery, accessory dealers
Estimated sales (seas, adj.), total 9 f

16,079

17,251

18,180

24,522

14,510

14,407

17, 097

17,895

548
204
133
665

506
196
127
658

569
213
153
681

583
237
139
636

610
239
139
681

643
235
155
682

1,071
383
243
1,113

441
152
114
655

430
150
107
649

500
191
139
722

GG5
r
21.-)
178
729

82,991

6,474

6,355

6,628

7,244

8,425

12,421

5.090

5,215

76,438
60,670
6,560

6,197
4,817
490

6,081
4,667
482

6, 413
4,894
490

6,303
4,866
465

6,880
5, 223
506

8,064
6,084
564

12,074
9,480
1,087

4, 834
3,707
342

4,943
3, 751
370

68, 432
2, 251

73,492
2,267

5,975
211

6,496
202

5,911
197

6,014
176

6,358
191

6,024
194

16,402

16,295

16,846

16,636

16,971

17,134

7,023 6.091
167
208
17, 602 17,116

573
213
139
663

do_.
do..

16,184

7,033
2,646
1, 746
8,207

72, 339
54,159
7,355

General merchandise group with nonstoros 9
mil. $..
General merchandise group without nonstores §
mil. $..
Dept. stores, excl. mail order sales
do
Variety stores
do

16,356

75,629

do
do
do.
do_

16,001

6,834
2,598
1,806
7,103

mil.

580
220
146
667

600
238
136

597
217
153
715

624
222
167
736

do..

Apparel and accessory stores 9
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores

do
do
do
do

586
220
148
694

580
236
126
679

587
207
143
751

r

591
211
r
135
'740

G08
190
133
729

7,257

r

7,128

7,103

0, 500
4,901
483

6,928
5,321
550

r

fi,802
5, 28.')

'501

0, 850
,'), 351
512

5,871
159

0, 385
207

6, 580 ' 0, 350
22G
'230

G, 4G4
258

17,471

17, 704

627
216
149
744

609
205
144
750

r

17,888 r17,932
r

020
208
154
738

r
r

G2G
221
117

17,941
G30
201
141
732

General merchandise group with nonstores 9
mil. $__
General merchandise group without nonstores §.
mil. $__
Dept. stores, excl. mail order sales
do
Variety stores
do

6,773

6,703

6,957

6,872

7,121

7,196

7,295

7,099

7,200

7,413

7,500

7,411

7,410

6,478
4,971
513

6,394
4,887
512

6,675
5,114
521

6,561
5,053
497

6,823
5, 213
520

6, 900
5,314
512

6,963
5,414
554

6,763
5,163
502

6,894
5,306
513

7,050
5, 380
550

7,101
5,497
554

"7,080
•.'), 400
r
530

7,101
5, 449
540

Grocery stores
Tire, battery, accessory dealers

6,160
189

6,037
183

6,282
192

6,156
177

6,203
181

6,172
197

6,414
190

6,177
214

6,340
215

0, 353
217

0,451
'211

• ('), 500
21G

0, 523
222

do
do

All retail stores, accts. receivable, end of yr. or mo.:
Total (unadjusted)
mil. $_.
Durable goods stores
do
Nondurable goods stores
do
Charge accounts
Installment accounts
Total (seasonally adjusted)
Durable goods stores
Nondurable goods stores
Charge accounts
Installment accounts

29, 625
8,901
20,724

32,153
9,515
22,638

28,729
9,433
19,296

28,321
9,313
19,008

28,506 28,989 29, 325 29, 963 32,153 30,789
9, 377 9, 560 0, 480 9,398 9, 515 9,037
19,129 19, 429 19, 845 20,565
21,752

11,882
16,439

11,887 12,127
16,619 16,862
28,954 29,128
9,131 9, 255
19.823 19, 873

12,347
16, 978
29,312
9,175
20,137

11,955
16,999

12,098 12,313
17, 214 17,385

do.
do.
do___
doll"
do

11,428
18,197

12,889
19,264

12,128
16,601

27,764
8,799
18, 965

30, 323
9,481
20,842

28, 760 28,858
9,203 9,159
19,557 19,C99

do
do

11, 028
16, 736

12, 591
17, 732

11,826
16,934

11,936
16,922

12,073
17,055

30,222 30,227 30,755 31, 435
9, 052 9, 348 r9,028
9,9115
21,170 20,879 21,127 21, 470

31,439
10, 299
21,140

12,120
18,090

12,406
17,557

12, 889
19,264

12,881
17,874

13,418
18,017

13, 294
18,145

29,698
9,385
20,313

30, 323 30,500 30,604 30,885 31,078
9, 481 9, 419 9, 537 9, 770 • 9,84<>
20,842 21,081 21,127 21,115 21,232

31,288
9,852
21,430

31, 450
10,029
21,427

12,591 12,596
17, 732 17,904

12,957
18,331

12,938
18,518

12,215
18,574

12,424
17,803

12,871
18,014

12,711
17,953

12,883
18,19f)

LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total, lncl. armed forces overseas!

mil.

LABOR FORCEH
Not Seasonally Adjusted
Labor force, total (including armed forces), persons
16 years of age and over
thous
Civilian labor force
_
H0
Employed, total
~"I~~H""do"~'
Agriculture
"do
Nonngricultinal industries
I""do
Unemployed
^0

rl

213. 50

rx

215.14 '215.01 r21o. 14 * 215. 30 r 215. 40 ••215.02

W o m e n , 20 years a n d over
Both
Whitesexes, 16-19 y e a r s

~"~
......

Black and other
"_~~"
Married men, wife present.
Occupation: White-collar workers
Blue-collar workers
Industry of last job (nonagricultural)":"
Private wage and salary workers
Construction
Manufacturing
"""""
Durable goods
~"

T

215. 89

r

210. 02 ••210.15

r

210. 20

r

210. 40 '210.53 '•210.07

210. 82

96,917 98,251 99,325
94,773 96,114 97,185
87, 485 88, 460 89,608
3, 780 3,931
3,297
84,188 84, 680 85,677
7, 655 7,577
7,288

98,837
96,690
89,367
3,842
85,525
7,323

97,120
94, 975
87,949
3, 396
84,553
7,026

97,677
95,530
88,697
3, 447
85,250
6,833

97, 786
95,637
88, 542
3,081
85, 460
7,095

97, 662
95,517
88, 494
2, 850
85,645
7,022

96,837
94, 704
86, 856
2, 672
84,184
7,848

97,478
95,340
87, 231
2, 709
84,522
8,109

97, 909
95,771
88,215
2,804
85,411
7,556

97, 958
95,826
89,258
3,140
86,118
6,568

98, 321 101,264 101.410
90,193 99,135 00,314
90, 012 91,082 02, 372
3, 700
3, 820
3, 478
80, 504 87, 862 88,5S2
7, 453 0,041
0,151

95, 189
87, 783
3, 333
84, 450

95,351
87, 834
3, 372
84, 462

95, 242
87, 794
3, 278
84, 516

95, 302
87, 738
3, 310
84,428

05, 871
88, 220
3, 248
84, 972

95, 960
88, 441
3, 257
85,184

05, 516
88,558
3, 090
85, 468

96,145
88,962
3,090
85, 872

06, 539
80, 475
3,116
86, 359

96,760
00,023
3, 2G0
86, 763

97,158
90, 408
3, 380
87, 022

97, 041
00, 070
3, 338
87, 341

00 T G
>1
3,213
87, 348

07,30.')

2,483

2,339

7,171
2,173

/, 406
2, 247

7,517
2,341

7,448
2,311

7,564
2,360

7,651
2, 517

7, 519
2,514

6, 958
2, 283

7,183
2,182

7 064
I,'o23

6,737
1,816

0, 750
1,830

6, 062
1,737

0,744
1,834

8.5
6.7
8.0
19.9

7.7
5.9
7.4
19.0

7.6
5.9
72
18! 4

7.8
6.1
7.6
18.2

7.9
5.9
7.8
19. 6

7.8
6.1
7.6
18.8

7. 9
6.2
7.6
19.0

8.0
6.3
7.6
19. 2

7.8
6.2
7.4
19.0

7.3
5.6
6.9
18.7

7.5
5.8
7.2
18.5

7.3
5.4
7. 2
18.'8

7.0
5.0
7.0
17.8

0.9
5.3
0. 0
17. 9

7.1
5.0
72
18.'6

6.9
"). 1
0. 9

7.8
13.9
5.1

7.0
13.1
4.2

6.8
13.4
4.3

7.1
12.9
4.4

7.1
13.6
4.3

7.2
12.8
4.5

13! 4
4.4

7.3
13.5
4.5

7.1
13.4
4.3

6.7
12.5
3.8

6.7
13.1
4.1

6.6
12.7
3.7

6.3
12.3
3.6

0.2
12.9
3.0

6.3
13.2
3.4

0. 1
13. 2
3.4

4.7
11.7

4.6
9.4

4.5
9.3

4.9
9.8

4.7
9. 7
8.2
15.4
8.2

4.5
8.4
7.4
14. 9
6.9
6.5

4.6
8.7
7.6
15.2
7.1
7.0

4.7
8.3
7.4
14.2
6.6
6.1

4.3
7.9

4.2

4.0
8.2

7.8
16.3
7.6
7.4

4.6
9.8
8.2
15.1
8.2
8.0

4.4
7.8

7.9
15.6
7.9
7.7

4.6
9.8
8.1
15.7
8.1
7.6

4.5
9.6

9.2
18.1
10.9
11.3

4.7
9.7
8.0
17.0
7.8
7.5

7.0
12.0
0.7
6.0

7.1
13.0
0.2
5. 7

0. 9
12.0
0.3
5.6

0.8
12.1
6. 7
C). 1

'Revised.
1 As of July 1.
9 Includes data not shown separately
§ Except department stores mail order.
I See corresponding note 9on ap. S-12.n
fiI1
b ack X
ct 1 73
ar i
?P PP°
"Population Estimates and Projections: Estimates
ftflr™ J 1
rlniv IQ-A! -S "
, r United States and Components of Change—1930-75," P-25, No. 632
(July 19/6), Bureau of the Census.




215. 70

94, 704
87, 533
3, 313
84, 220

94,793
92, 613
84, 783
3,380
81,403
7,830

Seasonally Adjusted If

Civilian labor force
_ _ _
^
Em ployed, total
'.'.'.'.'.'.'.'."'do
Agriculture
""do
Nonngricultural industries. _""_"""_ ~_^do]~~
U nem plo y ed
do
Long-term, 15 weeks and over"".' " d o
Hates (unemployed in each group as percent'
of total in the group):
All civilian workers
..
Men, 20 years and over
._.//_.

r

8.2
16.5
8.1
7. 7

7.9
14.1
8.2
8.0

11 Effective with the Feb. 1977 SURVEY, the labor force series reflect new seasonal factors.
Data have been revised back to 1972; comparable monthly figures for 1972-75 appear in E M PLOYMENT AND EARNINGS (Feb. 1977), U.S. Department of Labor, Bureau of Labor Statistics.

SURVEY OF CURRENT BUSINESS

S-14
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS

1975

1976

Annual

August 1977
1977

1976
June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

June v

July*

May

LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT fO
Employees on payrolls of nonagricultural estab.: 0
Total, not adjusted for seasonal variation thous..
Private sector (excl. government)
do

77, 051
62,330

79,443
64,496

80,142
65,109

79,242
64,902

79,555
05,325

80,277
65,017

80,572
65,468

80,943
65,075

81,099
65,838

79,473
64,414

79,734
64,488

80,547
65,232

82,903
81,331 82,029 ''82,903
66,042 ' 00,084 ' 07,011
60,084

82,159
07,535

Total employees, nonagricultural payrolls fO .do
Private sector (excl. government)
do
Nonmanufacturing industries
do
Goods-produ cing
do
Mining
do
Contract construction
do

77, 051
02, 330
43,983
22, 603
745
3,512

79,443
64,496
45,540
23,332
783
3,594

79,368
04, 414
45, 430
23, 357
781
3, 592

79,513
04, 505
45, 020
23,344
791
3,008

79,018
04, 038
45, 059
23,310
752
3,579

79,918
04,900
45,800
23 403
'98
3,505

79,819
04,831
45,890
23,323
800
3,582

80,100
05,070
40,005
23,489
805
3,019

80,344
65,298
46,203
23,508
808
3,605

80,561
65,552
46,341
23,589
817
3,561

80,824
65,820
46,587
23,701
823
823
3,645

81,395 81,686 81,921 ''82,095
82,095
66,304 '66,640 '00,804 ' 00,883
6(5,304
' 00,804 60,883
' 47,204 47,204
40,900 '47,112 '47,204 rr 47,204
24,005 24, 217 ''24,300 ''24,351
24,300 24,351
24,217
842
847
45
'855
842
847
'845
'855
' 3,801
3,759
3,842 '3,861 '3,877

82,351
07,103
47,413
24,424
821
3,913

Manufacturing
do
Durable goods
do
Ordnance and accessories
do
Lumber and wood products
do
Furniture and fixtures
do
Stone, clay, and glass products
do
Primary metal industries
do
Fabricated metal products
do
Machinery, except electrical
do
Electrical equipment and supplies.do
Transportation equipment
do
Instruments and related products..do
Miscellaneous manufacturing
do

18,347
10, 679
171
557
451
614
1,180
1,336
2, 069
1,761
1, 649
489
404

18,956
11,026
158
606
490
626
1,190
1,387
2,074
1,832
1,733
509
421

18,984
11,059
158
601
493
628
1,200
1,390
2,069
1,837
1,743
513
427

18,945
11,034
156
605
490
631
1,206
1,387
2,084
1,815
1,728
512
420

18,979
11,083
157
605
486
628
1,215
1,394
2,090
1,843
1,737
510
418

19 100
11,146
156
613
495
630
1,216
1,404
2,115
1,848
1,737
512
420

18,941
11,018
155
613
491
630
1,194
1,387
2,078
1,849
1,695
511
415

19,065
11,128
156
621
491
636
1,186
1,396
2,106
1,860
1,749
514
413

19,095
11,158
156
626
493
629
1,182
1,404
2,107
1,863
1,766
517
415

19,211
11,236
156
625
494
631
1,183
1,413
2,125
1,874
1,790
521
424

19,233
11,230
156
156
020
620
497
497
620
020
1,178
1,178
1,416
1,416
2,134
2,134
1,888
1,888
1, 700
1,766
524
524
425
425

19,404
11,370
156
156
633
633
503
503
041
041
1,199
1,199
1,432
1,432
2,142
2,142
1, 900
1,906
1,808
1,808
520
520
424
424

Nondurable goods
do
Food and kindred products
do
Tobacco manufactures
do
Textile mill products
do
Apparel and other textile products, .do
Paper and allied products
do
Printing and publishing
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products, nee..do
Leather and leather products
do

7,668
1,676
78
902
1,235
643
1, 079
1,013
197
588
257

7,930
1,710
76
966
1,299
676
1,080
1,034
203
614
272

7,925
1,718
75
973
1,320
678
1,077
1,029
202
577
276

7,911
1,719
80
970
1, 299
680
1,082
1,037
201
572
271

7,896
1,715
78
969
1,292
679
1,082
1,040
202
572
267

7,954
1,711

7,923
1,706
76
961
1,273
677
1,087
1,032
202
645
264

7,937
1,711
75
960
1,276
680
1,089
1,038
203
642
263

7,937
1,710
75
957
1,271
680
1,089
1,041
204
647
263

7,975
1,721
74
958
1,278
684
1,090
1,044
205
656
265

8,003
1,727
1,727
73
73
904
904
1,280
1,280
688
688
1,095
1,095
1,050
1,050
205
205
656
656
265
265

8,034
1,734
1,734
08
68
973
973
1, 283
1,283
689
689
1,097
1,097
1,051
1,051
207
207
000
000
207
207

448
498
000
177
824
006
720
748
,973

56,111
4,509
17, 694
4,263
13,431
4,316
14, 644
14, 948
2,733
12,215

50,011
4,482
17, 004
4,254
13,410
4,301
14, 010
14, 954
2,728
12, 220

56,109
4, 508
17, 737
4, 271
13,400
4,312
14,004
14, 948
2,723
12, 225

56,308
4, 501
17, 704
4, 272
13,492
4,312
14, 751
14, 980
2,732
12, 248

50,455
50,490
4,528
4,500
17,839
17,824
4,283
4,292
13,550 13,532
4 338
4 359
14 798 114,819
14,952 | 14,988
2 728
2 730
12,224 12,258

50,617
4,519
17 808
4,291
13,517
4 381
14 873
15,030
2 734
12,302

56,830
4,553
17,898
4,304
13,594
4,403
14,930
15,040
2,720
12,326

56,972
4,549
17,981
4,323
13,658
4,423
15,010
15,009
2,721
12,288

57,123
4,553
18,007
4,334
13, 733
13,733
4,431
4,431
15,068
15,004
2,721
2,721
12,283

57,390
4, 508
4,508
18,189
4,354
13,835
4, 453
4,453
15,149
15,031
2,725
12,300

57, 469
57,469
4,575
18, 203
18,203
4,371
4,371
13, 832
13,832
4,463
15,182
15,046
15,040
2,719
2,719
12, 327
12,327

51,149
13, 070

53,054
13,625

53,037
13, 774

53,397
13, 470

53,792
13, 797

54 077
14,'040

53,928
13,807

54,090
13,839

54,219
13,730

52,746
13,606

52,803
13,600

Production or nonsupervisory workers on private
nonagricultural payrolls t
thous
Goods-producing
do
Mining
do
Contract construction
do
Manufacturing
do
Durable goods
do
Ordnance and accessories
do
Lumber and wood products
do
Furniture and fixtures
do
Stone, clay, and glass products
do
Primary metal industries
do
Fabricated metal products
do
Machinery, except electrical
do
Electrical equipment and supplies...do.._
Transportation equipment
do
Instruments and related products
do...
Miscellaneous manufacturing
do...

51,149
16, 440
565
2, 805
13, 070
7,543
80
464
364
485
919
996
1,346
1,140
1.148
293
309

53,054
17,067
593
2,849
13,625
7,866
72
508
402
498
933
1,046
1,339
1,210
1,226
310
322

53,007
17,101
592
2,844
13, 665
7, 905
72
504
405
501
943
1,049
1,336
1,218
1,236
313
328

53,104
17, 805
599
2, 808
13,618
7,878
71
507
401
503
952
1,045
1,347
1,199
1,219
314
320

53,151
17, 029
501
2,841
13, 627
7,911
71
507
398
499
956
1,051
1,350
1, 222
1,228
311
318

53 474
17 'i80
' 005
2 890
13 749
7'975
'"-0
515
408
503
959
1062
l'370
l'oo4
l'230
'312
322

53 309
17'032
005
2 852
13 575
7'833
69
515
403
501
934
1044
1*329
1224
l' 186
311
317

53 498
17,172
012
2 885
13,675
7,929
69
522
403
506
926
1051
1^357
1232
1,'236
312
315

53,672
17,158
613
2,854
13,691
7,955
70
528
406
500
923
1,059
1,358
1,231
1,251
315
314

53,813
17,190
609
2,780
13,801
8,026
70
529
403
501
923
1,069
1,373
1,237
1,278
318
325

Nondurable goods
do
Food and kindred products
do...
Tobacco manufactures
do
Textile mill products
do
Apparel and other textile products
do
Paper and allied products
do
Printing and publishing
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products, nee. . . d o
Leather and leather products
do

5,528
1,136
65
782
1,061
483
636
570
125
450
219

5,759
1,164
63
844
1,117
512
630
589
131
475
234

5,760
1,172
62
850
1,138
517
630
587
130
436
238

5,740
1,177
67
847
1,115
516
630
591
130
433
234

5, 716
1,168
65
845
1,109
514
629
595
130
432
229

5 774
l'l64
63
848
1100
515
632
589
130
504
229

5 742
1159
63
838
1091
512
632
588
131
502
226

5,746
1161
63
835
1093
515
632
590
132
501
224

5,736
1,156
62
833
1,089
514
631
591
132
505
224

30,122
35,900
30,019
34,709 j 35,988
,
3,840
3, 859
3,854
3,862
3,85
15,641 15,023 15,008 15, 700
15, 013
3, 532
3,534
3,523
3,529
3, 462
12,113 12,100 12,130 12,100
11,552
3, 289
3,280
3,288
3,293
3,221
13,191 13,103 13, 204 13, 279
12,617
r
Revised.
v Preliminary.
OSee end of notet for this page.
fBeginning in the Dec. 1976 SURVEY, figures for employees on payrolls of establishments
as well as hours, earnings, and labor turnover reflect revised seasonal factors. Generally,
data are affected back to 1971. A modification has been made in the method to seasonally
adjust most aggregated hours and earnings series (e.g., hours per worker on total private
nonagricultural payrolls, the manufacturing division, durable goods subdivision, etc.).
Aggregate levels are now the weighted averages of their seasonally adjusted components;
heretofore these levels were directly adjusted. Previously published hours are subject to

30,294
3 877
15'771
3 547
12 2^4
3,'309
13,337

30,277
3 850
lo'701
3 554
lc> 207
3,'325
13,335

30,320
3 801
15 734
3 ?553
12 181
3,'345
13,380

36,514
3,900
15,792
3,502
12 230
3,364
13,458

Seasonally Adjusted t

Service-producing
Trans., comm., electric, gas, etc
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
S ervices
Go vernm ent
Federal
State and local

do
do
do
do
do
do
do
do
do
do

Production or nonsupervisory workers on private
nonagric. payrolls, not seas, adjusted O-thous
Manufacturing
do.

971
1,281
681
1,086
1,035
202
643

''19,000
19,000
''11,409
11,409
' 157
038
638
509
509
' 054
'054
1,217
1,217
1,447
1,447
'2,105
' 2,105
'1,931
' 1,802
'1,802
'520
'520
'423
23

''19,019
19,019
''11,490
11,490
' 157
638
038
'510
'510
' 058
1,218
1,218
''1,451
1,451
'2,108
' 2,108
' 1,932
'1,932
'1,810
'528
'528
'420
20

19,090
11,527
153
643
515
003
1,218
1,400
2,192
1,930
1,801
529
417

8,105 ''8,131
8,131
8,105
1,743 '1,735
1,743
73
71
73
71
981
'988
981
'988
1, 291
1,291 '1,298
703
'697
97
703
1,102 ' 1,109
1,102 '1,109
1,060
1,003
1,060
1,003
211
210
211
210
680
085
680
085
267
''209
209
207

''8,129
8,129
'1,733
2
' 772
987
987
'1,307
'701
'701
''1,110
1,110
' 1,001
'1,001
'210
'210
'081
' 081
'207
'207

8,103
1,727
71
1,000
1,314
704
1,114
1,008
210
084
271

''57,615
57,015
''4,580
4,580
''18,235
18,235
'4,384
' 4,384
' 13,851
'13,851
''4,480
4, 480
''15,197
15,197
''15,117
15,117
2,723
' 12,394
'12,394

''57,744
57,744
''4,570
4,570
r 18.227
'18.227
'4,373
' 13,854
'13,854
'4,488
''15,241
15,241
''15,212
15,212
, 35
' 22,7735
' 12,477
'12,477

57,927
4,583
18,285
4,380
13,899
4,500
15,305
15,248
2,730
12,518

53,481
13,703

54,222 '54,787 ''55,903
55,903
' 54,787
13,893 ''14,021 r 14,259
14,021 '14,259

55,452
14,089

54,065
17,287
617
617
2,860
2,800
13,810
8,011
8,011
70
70
531
531
408
408
488
488
917
917
1,071
1,071
1,378
1,378
1,250
1,250
1,251
1,251
320
320
327
327

54,534
17,508
037
637
2,973
13,958
8,128
8,128
09
09
538
538
413
413
510
510
938
938
1,083
1,083
1,384
1,384
1,205
1,205
1,281
1,281
321
321
326
326

54, 771
54,771
17,771
640
640
3,065
14,066
8,177
8,177
72
72
543
543
418
418
519
519
944
944
1,085
1,085
1,387
1,387
1,277
1,277
1,284
1,284
322
322
326
326

'54,911
''17,858
17,858
' 037
037
''3,070
3,070
r
'14,145
14,145
' 88,233
,233
73
73
43
' 5543
420
420
' 5522
22
954
954
''1,099
1,099
''1,407
1,407
1,289
1,289
''1,278
1,278
'323
23
325
325

''54,900
54,900
''17,870
17,870
'044
' 044
'3,088
''14,144
14,144
' 88,241
,241
'73
73
'544
' 544
'420
'420
' 520
953
'953
' 11,103
,103
'1,407
'1,289
'1,282
'323
23
'321
21

55,088
17,938
013
3,125
14,200
8.280
72
548
424
532
957
1,108
1,433
1,289
1,275
324
318

5,775
1,169
60
835
1,096
517
631
594
133
513
227

5,799
1,175
1,175
60
60
840
840
1,098
1,098
517
517
635
635
601
001
132
132
514
514
227
227

5,830
1,183
1,183
56
50
848
848
1,100
1,100
517
517
035
035
002
002
135
135
525
525
229
229

5,889
1,190
1,190
60
60
856
856
1,108
1,108
524
524
639
639
608
608
138
138
537
537
229
229

'5,912 ' 5,903
5,903
' 5,912
'1,183 '1,181
' 1,183 ' 1,181
'57
'58
57
58
801
'803
03
801
' 1,115
'1,115 '1,122
'529
'527
'529
'527
41
' 044
' 0041
'012
'011
'012
'011
138
138
138
138
540
''535
535
540
'229
'231
31
'229

5,920
1,108
50
871
1,128
530
042
014
140
537
234

36,623
3,882
15,876
3, 572
12,304
3,374
13,491

36,778
3,878
15,974
3,584
12,390
3,382
13,544

30,900
3, 890
3,890
16,071
3, 002
12,490
12,496
3, 390
3,390
13,609

r
37,024
37,000 37,053 '37,024
3,897 ''3,907 '3,890
3,907
10,109
10,075
16,077 ''10,109 ''10,075
3,618
030
013
3, 618 ' 3, 030 ' 3. 013
12,402
12,459 r 12,479 ''12,402
'12,479
3,402 '3,410 '3,415
' 13,027 ' 13,038
13,624 '13,027 '13,038

37,150
3,895
10,117
3, 617
12,500
3,420
13,712

19,528
11,423
157
157
639
639
507
507
651
651
1,208
1,208
1,433
1,433
2,150
2,150
1,919
1,919
1,808
1,808
526
526
425
425

Seasonally Adjusted t

Service-producing
Transportation, comm., elec, gas, etc
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services




do
do
do
do
do
do
do

revision as follows: Manufacturing, durable and nondurable goods beginning 1947, total
private and total trade, 1964, overtime hours, 1956. Effective with t h e F e b . 1977 S U R V E Y ,
the data reflect corrections m a d e (back to J u l y 1975) to employment levels in 4 divisions

MENT AND EARNINGS (U.S.D.L., BLS), available from U.S. Gov't. Printing Office, Wash.,
D.C. 20402.

SURVEY OF CURRENT BUSINESS

August 1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

1975

1976

S-15

1976

Annual

June

July

Aug.

Sept.

1977
Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June " July v

LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
AVERAGE HOURS PER WEEK f
Seasonally Adjusted f
Avg. weekly hours per worker on private nonagric.
payrolls:^! Seasonally adjustedf..
.hours.

3.1

36.1
36.4
42.2
37.3
40.4
40.2
3.2

36.1
36.6
42.
36.9
40.0
40.1
3.1

36.1
36.6
41.2
36.8
40.0
40.0
3.0

36.0
36.2
43.5
35. 9
40.1
39.7
3.0

36.1
36.2
43.3
37.3
40.0
39.9
2.9

30.2
36.1
43.3
37.4
40.3
40.1
3.1

30.2
36.4
43.
37.3
40.6
40.0
3.2

35.
35.4
42.9
35.4
39.0
39.5
3.2

36.3
35.
43.6
3"
39.9
40.3
3.3

30.3
30.0
44.4
37.1
40.2
40.4
3.3

30.2
30.0
44.4
37.3
40.0
40.3
3.4

30.3
30.1
'44.
37.4
40.3
40.4
3.4

30.
30.4
'44.0
- 30. 8
40.
40.5
3.4

30.1
30.5
43.9
30.7
40.1
40.3
3.3

40.6
3.1
40.7
40.2
38.7
41.2
40.6
40.7
41.1
40.0
41.6
40.4
38.7

40.9
3.4
41.1
39.8
38.
41.4
41.2
41.0
41.2
40.1
42.5
40.5
38.5

40.9
3.3
40.9
40.
38.6
41.0
41.2
41.0
41.5
40.1
42.0
40.8
38.8

40.8
3.1
40.7
40.2
38.5
41.1
40.9
41.0
41.4
40.1
41.9
40.4
38.5

40.2
3.0
40.1
39.8
38.0
40.9
40.3
40.6
40.8
39.7
41.1
39.9
38.2

40.5
3.0
40.6
40.3
38.4
41.4
40.2
40.4
41.2
40.0
41.2
40.3
38.7

40.8
3.2
40.0
40.3
38.0
41.2
40.3
40.8
41.5
40.3
42.0
40.4
39.0

40.5
3.3
41.0
40.3
38.6
41.2
40.1
40.5
41.2
40.2
41.1
40.7
38.9

40.0
3.4
40.5
39.9
37.0
39.9
40.0
39.9
40.6
39.4
41.4
39.8
38.2

40.8
3.3
40.6
40.5
38.1
41.4
40.6
40.8
41.3
40.6
41.4
40.8
39.5

41.0
3.4
40.6
40.1
38.0
41.4
41.1
41.0
41.5
40.3
42.8
40.4
39.3

40.
3.6
41.2
40.0
38.4
41.7
41.5
40.7
41.3
40.0
41.9
40.1
38.9

'41.1
3.0
41.1
40.0
38.7
-41.7
' 41. 0
'41.0
41. 0
40.1
-42.7
'40.4
- 39. 0

'41.2
3.
- 40. 9
39. 9
'38.8
'41.
41. 0
41.3
41.9
40.4
- 42. 9
M0. 7
' 39.1

41.0
3.0
40.3
40.4
38. 9
41.4
40.8
41.0
42.0
40.3
41.9
40.8

38.8
2.7
40.3
38.0
39.2
35.1

39.3
3.0
40.3
37.8
40.1
35.6

39.3
2.9
40.1
38.3
40.3
35.8

39.1
2.9
40.0
35. 0
40.2
35.5

38.9
2.8
40.1
36.8
39.3
35.2

39.0
2.9
40.2
37.1
39.0
34.9

39.1
2.8
40.3
37.5
39.4
35.0

39.2
3.0
40.4
30.9
39.8
35.1

39.3
3.1
40.1
37.5
40.1
35.3

38.7
3.0
39.5
36.1
39.7
34.2

39.0
3.2
40.3
39.4
40.5
35.7

39.5
3.1
40.2
38.4
40.8
35.0

39.5
3.2
40.3
38.3
40.5
35.1

-39.5
39. 0
3.1
'3.1
39. 9 -40.0
- 38. 0 38.0
- 40. 7 - 40. 5
-35.7 -30.0

39.3
2.9
39.7
38.2
40. 5
35.5

41.6
37.0
40.9
41.6
39.7
37.4

42.4
37.5
41.6
42.2
40.7
37.3

42.4
37.5
41.5
42.0
40.3
37.0

42.3
37.7
41.4
42.2
40.3
37.0

42.1
37.5
41.3
42 3
40.0
36.7

42 2
37! 4
41. 9
42.2
40.5
36.5

42.1
37.5
41.6
42.0
41.1
36.4

42.4
37.0
41.7
41.9
41.2
30.4

42.6
37.7
41.7
42.5
41.5
36.5

41.9
37.4
41.6
42.3
40.9
35.3

42.7
37.9
41.7
42.5
41.4
30.7

42.8
37.7
41.8
43.0
41.2
30.4

43.3
37.7
41.9
42.7
41.2
37.4

43.0
37. 0
41.7
42. 0
41.3
37.1

r

42. 9
3"
' 41. 9
-42.7
41.1
37.3

42.5
37.8
41.0
43.1
40.0
30.7

39.6
33.8
38.6
32.4
36.5
33.8

39.9
33.6
38.8
32.1
36.6
33.5

39.8
33.5
38.8
31.9
36.6
33.4

39.8
33.6
39.1
32.0
36.6
33.4

40.0
33.6
38.9
32.0
36.8
33. 5

39.9
33.6
38.8
32.1
36.7
33.5

39.8
33.5
38.7
32.0
36.7
33.6

40.2
33.4
38.7
31.9
30.7
33.5

40.5
33.6
38.6
32.2
36.7
33.5

39.8
33.2
38.7
31.6
36.8
33.5

40.5
33.4
39.1
31.8
30.0
33.0

40.3
33.5
38.9
31.9
30.7
33.5

40.1
33.5
39. 0
31. 9
36.6
33.5

40.2
33.4
38.7
31. 9
30.7
33.5

-39.9
- 33.3
38.9
-31.7
30. 0
33.3

40.1
33.3
38.8
31.7
30. 0
33.3

152. 08 152. 70
122. 54 122. 62
1.80
1.80
6.66
6.95
39.36
39.18
9.40
9. 33
31.27
31.15
8.32
8.28
25. 78 25.89
29. 54 30.08

152. 02
123. 22
1.81
7.04
39.59
9.45
31.06
8.36
25.91
29.40

153. 61
123. 80
1.84
6.99
39. 56
9. 59
31.40
8.40
26.02
29. 81

152.15
122. 96
1.82
6.56
39.42
9.42
31.14
8.46
26.15
29.19

154. 92 155. 51
124. 96 125. 89
1.87
1.94
7.25
7.10
40. 00 40.48
9.57
9. 59
31. 70
31.52
8.50
8.43
20. 33 20. 39
29. 62
29.90

156. 00
126. 35
1.96
7.45
40.65
9.54
31.81
8.49
26. 45
29. 65

150. 05 150. 51
120. 78 120. 53
r
1. 93 ' 1. 90
'7.51 -7.42
• 40. 93 - 41. 04
9. 59 - 9. 49
' 31. 80 " 31. 08
8. 55 - 8. 54
• 20. 47 • 20. 3!)
• 29.87 ' 29. 98

157.12
120. 75
1.87
7.47
41.02
5. 50
31. 70
8.58
20. 50
30.37

do
do..!
do...

36.1
42.3
36.
39.4

2.6

Durable goods
Overtime hours
Ordnance and accessories..
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metai industries
Fabricated metal products
Machinery, except electrical
Electrical equipment and supplies
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind

...do...
do...
do...
do...
do...
do...
do...
do...
do...
do...
do...
do...
do...

39.9
2.5
41.3
39.1
37.9
40.
40.0
40.0
40.9
39.5
40.3
39.5
38.3

Nondurable goods
Overtime hours
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products

do...
do...
do...
do...
do!.!
do...

Not seasonally adjusted
Mining
Contract construction.

Manufacturing: Not seasonally adjusted d o . . .
Seasonally adjusted
do...
Overtime h o u r s . .
do...

Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
Trans., comm., elec, gas, etc
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services..

do..
do..
do!!
do_.
do..
do..

36.2
42.8
37.1
40.0

AGGREGATE EMPLOYEE-HOURS
Seasonally Adjusted
Employer-hours, wage & salary workers In nonagric. establish., for 1 week in the month, seasonally adjusted at annual ratet
bil. hours
Total private sector
do
Mining
do _"
Contract construction
do
Manufacturing
!do!! ~
Transportation, comm., elec, gas
do
Wholesale and retail trade
do..]
Finance, insurance, and real estate
do.."
Services
!!do!!!
Government
do..!!
Indexes of employee-hours (aggregate weekly) :Df
Private nonagric. payrolls, total
1967 = 100
Goods-producing
do

Mining
"do"!'.
Contract construction
do
Manufacturing
!!!!!!!!do~"!
Durable goods
do"!'
Nondurable goods
do
Service-producing
do!."'
Transportation, comm., elec, gas
do..!!
Wholesale and retail trade
do
Wholesale trade
do
Retail trade
do
Finance, insurance, and real estate.
do
Se rvices
do

146.92
117.84
1.64
6.68
37. 63
9.26
29.99
8.02
24.62
29. 09

151.39 151. 08 151. 74 151.71
122. 08 121. 84 122.13 122.19
1.71
1.74
1.75
1.61
6.97
6.93
6.92
6.85
39.50 39.36
39.31
39.33
9.28
9.35
9.33
9.36
30.83
31.02
31.09
31.09
8.19
8.21
8.21
8.25
25. 38 25.47
25.51
25.70
29.24
29.31
29.62
29.52

107.5
91.2
119. 5
100. 6
88.8
87.5
90.8
118.8
101.7
114.7
111.6
115.8
123.5
130.9

111.9
96.3
127.0
103.6
94.0
92.7
95.8
122.1
102.4
118.9
114.3
120.6
126.9
135.8

111.6
96.8
125.0
104.0
94. 6
93.8
95.8
121.8
101. 0
118.1
114.1
119. 6
120. 3
135.0

111.8
96.5
127.7
103.7
94.2
93.5
95.2
122. 5
102.1
118. 9
115.3
120.3
126.6
135.4

111.8
95.7
115. 0
102.5
93.9
93.0
94.2
123.0
102. 5
119. 0
114.7
120. 0
127.3
130.0

112.2
95.9
131.7
99.4
94.0
93.2
95.2
123. 6
102. 9
119.7
114.9
121.0
127.7
137.2

112.2
90.0
131.1
104.2
93.2
92.0
95.0
123.5
102.0
119. 3
114.8
121.0
128.3
137.6

112.8
97.2
132.0
105.7
94.5
93.8
95.4
123.5
103.2
118. 9
114.8
120.4
129.1
137.7

113.3
96.9
134.0
104.3
94.4
93.6
95.5
124.6
105.0
120.0
114.8
122.0
129. 8
138.4

112.3
95.2
130.7
96.4
93.8
93.2
94.7
124.1
102.7
119.1
115.4
120.4
130.6
138.8

114. 2
98.3
134.0
105.9
95.7
94.8
97.1
125.3
104.4
120.7
117.0
122.1
130.2
139.7

115.2
100.0
141.5
108.1
97.1
90.8
97.6
125.8
104.2
121.5
110.9
123.2
131.1
140.0

115.6
100.9
142.2
112.0
97.5
96.8
98.5
125.8
103.9
121.7
117.8
123.1
131.0
140.1

110.1
101.7
140. 2
112.7
- 98. 5
98.1
' 98. 9
120. 0
104. 4
121.7
117.3
123. 3
131. 0
140.2

115.7
101.8
141.8
111.4
- 98.8
98. 7
- 98. 9
125. 3
103. 4
121.0
117.3
122.4
131. 5
139. 4

115. 8
101. 5
134.0
112.4
98. 5
98.5
98. 5
125. 7
103. 9
121.2
117.1
122.8
131.9
140.2

4.54
5.90
7.25
4.81
4.66
5.14
4.98
5.23
4.28
3.75
4.89
6.17
5.04
5.36
4.58
6.02
4.56
3.79

4.87
6.42
7 68
5'19
5 00
5.55
534
5.'72

4.85
6.32
7 60
5.15
4.96
5.53
5 31
5.64
4 76
3.96
5.30
6.77
5.44
5.72
4.84
6.52
4.83
3^99

4.80
6.39
7.68
5.20
5.00
5.55
5.35
5.75
4.81
3.97
5.33
6.83
5.42
5.75
4.90
6.50
4.88
4.02

4.89
6.29
7.71
5.21
5.02
5.58
5.37
5.77
4.83
4.01
5.36
6.92
5.46
5.79
4.95
6.52
4.90
4.00

4.96
6.60
7.81
5.31
5.09
5.66
5.43
5.85
4.87
4.05
5.43
6.95
5.54
5.86
5.02
6.67
4.93
4.02

4.98
6.56
7.85
5.28
5.08
5.62
5.40
5.89
4.87
4.06
5.43
6.90
5.49
5.83
5.03
6.58
4.95
4.06

5.00
0.02
7.80
5.34
5.14
5.08
5.40
5.98
4.80
4.07
5.45
0.94
5.53
5.91
5.07
G. 09
4.99
4.08

5.02
6.71
7.88
5.42
5.21
5.78
5.55
6.05
4.88
4.13
5.47
7.00
5.62
5. 99
5.15
6.94
5.09
4.18

5.07
6.76
7.96
5.46
5.25
5.81
5.59
6.06
4.95
4.15
5.50
7.03
5.58
6.01
5.16
6.95
5.10
4.24

5.09
0. 70
7.88
5.43
5.24
5.79
5.57
6. 00
4.91
4.10
5.54
7. 00
5.57
(). 02
5.17
0. 87
5.10
4.25

5.11
6.78
7.87
5.48
5.27
5.84
5.61
0.12
4.89
4.19
5.57
7.13
5. 05
0.04
5.18
0.99
5.10
4.27

5.15
6.80
7.88
5.52
5.31
5.88
5.65
6.14
4.94
4.21
5.66
7.22
5.67
6. 07
5.20
7.01
5.11
4.27

'5.21
5.19
- 0. 81 rr C). 84
r
7. 91
7. 95

5.23
0.81
7. 97
5. 03
5. 40
('). 00
5.75
0. 10
5. 07
4.20
5.83
7.48
5.80
(). 18
5.29
7.14
5.21
4.32

HOURLY AND WEEKLY EARNINGS
Average hourly earnings per worker:^
Not seasonally adjusted:
Private nonagric payrolls
_ dollars
Mining
do
Contract construction
do
Manufacturing
do!!!'
Excluding overtime
!.!.do!!!.
Durable goods
do
Excluding overtime
do..
Ordnance and accessories
do
Lumber and wood products . .
do
Furniture and fixtures
do....
Stone, clay, and glnss products
do
Primary metal industries
do
Fabricated metal products
do
Machinery, except electrical
do....
Electrical equipment and supplies.do
Transportation equipment
do
Instruments and related products..do..
Miscellaneous manufacturing ind...do




ry.

1 Production and 1
?

471
3^8
529

6.'80
5,43
5'.76
4*91
6*54
4^87
4,01

orkers

'

5.' 34
5. 95
5.70
• (>. 1 0

'4.97
• 4. 23
• 5. 73

7. 39
5.73
• 0.10

• 5. 23
' 7.10
• 5.13

4.31

' 5. (it)
5.37
• ('). 00
• 5. 74
" 0.15
- 5.01
•4.27
•5.78
•7.43
• 5. 81
0.15
• 5.28
•7.18
5.14

4.31

§ NOTE FOR P . S-10—Effective with the May 1977 SURVEY, the indexes have been slightly
revised (and reflect an improvement in the processing system and corrections to the data file)
back to 1904.

SUEVEY OF CURRENT BUSINESS

S-16
Unless otherwise stated in footnotes below, d a t a
through 1974 and descriptive notes a r e a s shown
In the 1975 edition of B U S I N E S S S T A T I S T I C S

1975

1976

1977

1976

June

Annual

August 1977

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June p

July p

LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HOURLY AND WEEKLY EARNINGS—Con.
Avg. hourly earnings per worker, private nonagric.
payrolls. Not seas, adj. f —Continued
Manufacturing—Continued
Nondurable goods
dollars. _
Excluding overtime
do
do
Food and kindred products .
Tobacco manufactures
do
Textile mill products
do
Apparel and other textile prod . . . d o
Paper and allied products
do
Printing and publishing
....do....
Chemicals and allied products . . . . d o . . . .
Petroleum and coal products.. . . . do
Rubber and plastics products, nee.do
Leather and leather products
do
Transportation, comm., elec, gas
do
Wholesale and retail trade
do
. do
Wholesale trade . .
Retail trade . .
. . . do
Finance, insurance, and real estate
do
Services.
_-....
. . do
Seasonally adjusted: f
do
Private nonagricultural payrolls
Mining
. .
. do
Contract construction
....do....
Manufacturing
do
Transportation, comm., elec, gas.
. do
Wholesale and retail trade.._ . _. . - - . d o . - Finance, insurance, and real estate
do
Services
.
...
Indexes of avg. hourly earnings, eeas. adj . : ( D 1 f t
Private nonfarm economy:
Current dollars
1967 = 100
1967 dollars A
- . . do .
Mining
do
Contract construction
do
Manufacturing
. ._ _
. . . do
Transportation, comm., elec, g a s . . . . . . . d o . . . .
Wholesale and retail trade. . . _ .
do
.
Finance, insurance and real estate
do
Services..
do
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (E N R ) : <
Common labor
$ per hr
dn
Skilled labor
. .
Farm (U.S.) wage rates, hired workers, by
method of pay:
All workers, including piece-rate
$ pernh r . .
All workers other than piece-rate
^
An

Workers paid per hour, cash wages only..do
Railroad wages (average class I)
do
Avg. weekly earnings per worker, Uprivato nonfarm:t
Current dollars, seasonally adjusted
1967 dollars, seasonally ad justed A
Spendable earnings (worker with 3 dependents):
Current dollars, seasonally adjusted
.
1967 dollars, seasonally adjustedA
Current dollars, not seasonally adjusted:
Private nonfarm, total
dollars
Mining
.
do
Contract construction
do_._.
Mann fact uring
1 Mirable goods
"_-flo"-"Nondurable goods
do
Transportation, comm., elec, gas_.
Wholesale and retail trade
."".dol-l.
Wholesale trade
do . .
Retail trade
do
Finance, insurance, and real estate
do . .
Services. .
do....
HELP-WANTED ADVERTISI NG
iQfi7—inn
Seasonally adjusted index
LABOR TURNOVER
Manufacturing establishments:
Unadjusted for seasonal variation:
Accession rate, total
mo. rate per 100 employees..
New hires
An
Separation rate, total
do
Quit
do
Layoff
do
Seasonally adjusted:f
Accession rate, total
do
New hires
do
Separation rate, total - .
do
Quit. _
do
Layoff
do
WORK STOPPAGES O
Industrial disputes:
Number of stoppages:
Beginning in month or venr
In effect during month
Workers involved in stoppages:
Beginning in month or year
In effect during month
Days idle during month or year

4.35
4.20
4.57
4.51
3.40
3.19
4.99
5.36
5.37
6.42
4.35
3.23
5.92
3.75
4.89
3.34
4.13
4.06

4.68
4.51
4.96
4.91
3.67
3.41
5.43
5.69
5.89
7.14
4.62
3.44
6.46
3.97
5.18
3.55
4.36
4.36

4.62
4.45
4.92
5.23
3.59
3.40
5.39
5.65
5.84
7.11
4.38
3.43
6.42
3.95
5.14
3.53
4.34
4.34

4.69
4.52
4.96
5.00
3.71
3.39
5.47
5.67
5.92
7.13
4.49
3.41
6.46
3.96
5.17
3.54
4.36
4.32

4.70
4.53
4.98
4.62
3.75
3.42
5.50
5.71
5.93
7.13
4.40
3.45
6.56
3.98
5.21
3.55
4.40
4.32

4.80
4.61
5.02
4.65
3.78
3.49
5. 58
5.79
6.04
7.22
4.85
3.48
6.61
4.04
5.26
3.61
4.39
4.42

4.80
4.62
5.04
4.69
3.79
3.49
5.57
5.77
6.04
7.20
4.86
3.47
6.63
4.06
5.28
3.63
4.41
4.44

4.84
4.67
5.09
4.87
3.81
3.50
5.62
5.82
6.09
7.26
4.94
3.50
6.65
4.08
5.31
3.65
4.40
4.49

4.90
4.71
5.16
5.04
3.83
3.52
5.66
5.86
6.14
7.29
5.01
3.53
6.65
4.07
5.34
3.65
4.43
4.52

4.95
4.77
5.22
5.16
3.83
3.57
5.69
5.92
6.18
7.40
5.07
3.57
6.70
4.17
5.41
3.73
4.52
4.60

4.93
4.75
5.22
5.37
3.84
3.55
5.69
5.93
6.18
7.63
5.03
3.60
6.74
4.20
5.40
3.76
4.52
4.61

4.95
4.77
5.22
5.36
3. 85
3.57
5. 72
5.97
6.21
7.68
5. 03
3.61
6.71'
4.20
5. 41
3.76
4.51
4.62

4.99
4.81
5.26
5. 69
3.87
3.57
5.79
5.98
6 27
7.70
5.06
3.61
6.80
4.23
5.48
3.78
4.5-1
4.64

4.99
4.81
'5.28
5. 58
3. 80
' 3. 56
5.80
' 0.02
G. 29
7. 09
' 5. 05
3. 63
6.83
' 4. 25
-5.52
3.80
4.58
4. 67

5.12
' 3. 04
' 6. 85
' 4. 20
'5.51
'3.81
' 4. 55
'4.60

5.09
4.90
5.33
5.81
4.03
3.58
5.97
G. 07
6. 41
7. 76
5.15
3. 03
6. 89
4.27
5. 55
3.82
4.58
4.67

4.54
5.90
7.25
4.81
5.92
3.75
4.13
4.06

4.87
6.42
7.68
5.19
6.46
3.97
4.36
4.36

4.85
6.33
7.68
5.15
6.47
3.95
4.34
4.36

4.88
6.44
7.77
5.21
6.48
3.98
4.37
4.35

4.91
6.34
7.74
5.25
6.52
4.00
4.43
4.39

4.92
6.60
7.71
5.29
6.54
4.03
4.39
4.39

4.95
6.62
7.76
5.29
6.58
4.05
4.43
4.43

5.00
6.62
7.81
5.34
6.62
4.08
4.42
4.48

5.02
6.67
7.82
5.38
6.64
4.11
4.43
4.50

5.07
6.67
7.94
5.43
6.69
4.15
4.51
4.58

5.09
6.72
7.88
5.43
6.74
4.18
4.48
4.58

5.12
6.78
7.90
5. 49
6.75
4.19
4.50
4.61

5.17
6.79
7. 95
5.53
6.83
4.23
4. 53
4.64

5.20
' G. 82
' 7. 96
5. 57
0. 88
'4.24
4.58
4. 67

' 5. 22
' G. 85
'8.04
' 5. 61
'0.91
'4.20
' 4. 55
' 4 . 68

5. 25
G. 86
8. 00
5. 64
0. 91
4.29
4.59
4.71

172. 5
106. 9
182.8
175.4
171.6
181.8
108. 0
161. 5
175.2

185.0
108.5
199.2
185.6
184.7
198. G
178. 6
170.0
188.4

184.3
108.3
19G. 9
185.8
183. 6
199.0
177. 5
169.2
188.3

185. 6
108.5
199.1
188.0
185.4
199.9
178.8
170.8
188.3

18G.8
108.7
202. 3
187.1
186.7
200.9
179.8
173.1
189.8

187.5
108.7
203.8
18G. 4
188.1
201. 6
180.8
172.0
190.0

188.4
108.9
205.5
187. 9
188.4
202.4
182.1
173.5
191.3

189.7
109. 3
205.0
189.2
189.8
203.7
183.4
173.1
193.0

190. G
192.7
109.4 ' 109. 7
206. 8
207.8
192.4
189.5
191.0
192. 3
203.1
205.1
184. G
186.4
172. 9
176.5
194.0
197.7

193.2
' 109.0
210.1
190.8
193.3
206.2
187.6
175.7
197. 7

194.1
108.8
210.4
191.6
194.3
206.7
188.5
175.9
198.7

195.3
108.6
212.1
192. 6
195. 4
208. 6
189. 8
177.4
199.7

' 196. 5
108. 0
213. 1
193. 1
r
190. 8
210.1
190. 7
179. 0
200. 7

' 197. 4
' 108. 0
'214.3
' 194.0
' 198.4
'211.3
' 191.0
177. 5
' 201. G

198. 5
108.7
215. 1
195. G
199. 5
211.7
192. 4
179. 5
202.3

8.30
11.01

8.93
11.85

9.03
11.91

9.06
12.05

9.08
12.08

9.13
12.15

9.17
12.16

9.19
12.16

9.20
12.21

9.22
12.25

9.24
12.25

9.24
12.27

9.24
12.27

9.37
12. 49

9.55
12.73

2.43
2.38
2 60
2.'45
6.237

2.66
2 61
2 81
2 65

2.53
2.48
2 65
2.52

2
2
0
2

2.82
2.77
3 00
2.84

2.96
2.90
3 12
2 86

80
75
94
81
6. 987

6. 859
177.12
102. 74

178. 70
103. 29

181. 00
104. 32

181.72
104. 32

181.51
103. 37

184.77
104.21

185.86
104.18

187.15
104. 09

188. 76 ' 188. 90
104. 34 ' 103. 88

189.53
103.80

165.87 ' 172. G7
91. 09 ' 94. 93

173.12
94.81

163. 89
101.67

176. 29
103. 40

175.09
102. 87

176.17
103. 02

177. 25
103.17

145.93
90. 53

156. 50
91.79

155. 60
91.42

156. 41
91.47

157. 22
91.51

157.13
91.14

158. 31
91.51

160. 04
92.24

160. 58
92.18

160. 42
91.36

102.87
91.86

163.69
91. 75

164. 66
91.58

163. 89
249. 57
265.35
189. 51
205.09
168. 78
234. 43
126.75
188. 75
108. 22
150. 75
137. 23

176.29
274. 78
284. 93
207. 60
225.33
183. 92
257.75
133.39
200. 98
113 96
159. 58
146. 06

176.54
270. 50
288. 04
208. 06
227. 28
182. 03
256. 80
133.51
199. 95
114.02
158.84
145.82

177.88
272.85
291. 07
208.00
224. 78
183.85
259.69
136. 62
203.18
116.82
160. 01
146. 88

178.97
259.15
292. 21
208.40
225. 99
184.24
265. 02
136.51
203.19
117.15
162.36
146. 88

179.55
289.08
287.41
212.93
229. 80
189. 12
265.06
135.74
204.61
115.88
160.67
148.07

180.28
287.33
299.87
211.20
228.17
188. 16
265.20
135. 20
204. 34
115.43
161.85
148. 74

180. 50
288. 63
289. 25
215. 20
232.31
190. 70
267. 33
135. 46
205. 50
115.34
161.04
149. 97

182. 73
293.23
289.98
220. 05
238. 71
194.53
269.33
137. 97
208. 26
118.63
162.58
150. 97

179.48
286. 62
269. 84
212.94
229. 50
189.59
264. 65
136.78
208.29
116.00
166. 34
153.18

182.73
292.71
288.41
21G.G0
233.92
192.76
270.95
138.60
209.52
117.69
165.88
153.97

183.96
296.29
289.62
220.30
238.27
194.54
267.73
139.02
209. 37
118. 06
165.07
153.85

185.40
298.52
291.56
220. 80
239. 32
195.11
271.32
140. 01
212.08
119. 07
166.16
154.51

187. 30
' 300. 32
"•290.03
224. 07
243. 95
190. 11
273. 20
'141.10
'213.02
120.08
167. 63
155. 51

'189. G4
'305.00
'297.33
'228.48
' 249. 00
199. 09
'274. 09
'143.14
'214. 89
' 122. 30
'100.53
'150.11

80

95

96

98

97

94

96

99

105

105

106

108

109

112

114

3.7
2 0
4.2
1 4
2 1

3.9
2 6
3 8
1 7
1 3

4.8
3 6
3.5
1 8
9

4.2
2 8
4.3
1 8
1 6

5.1
3.5
4.9
2.8
1.1

4.4
3.2
4.6
2 4
1 3

3.5
2 5
4 1
1 7
1 5

3.0
1.9
3.4
1 2
1.5

2.2
1.3
3.5
1.0
1.8

3.7
2.2
3.9
1.4
1.7

3.7
2.1
3.4
1.3
1.4

4.0
2.6
3.4
1.6
1.0

3.8
2.7
3.4
1.7
.9

4. G
'3.4
'3.5
1.9
.8

4.9
3.7
3.5
1.9
.8

3.8
2 7
3.9
1.8
1.3

3.8
2 5
3.9
1.7
1.4

3.8
2.5
4.0
1.7
1.4

3.6
2 4
4.1
1.6
1.7

3.5
2 3
4.0
1.5
1.6

O

2.4
3.6
1.5
1.3

4.0
2.5
3.6
1.7
1.1

4.0
2.7
3.9
1.8
1.3

4.6
2.9
4.1
1.9
1.4

4.3
3.0
3.7
1.9
1.0

4.1
3.0
3.8
1.9
1.0

4.1
'3.0
'3.8
1.9
1.1

3.9
2.8
3.9
1.9
1.2

Q

0

5 031

5,600

571
931

523
977

508
847

595
778

537
790

400
629

251
466

351
518

314
549

391
600

615
850

551
908

ttious
do
do..-.

1,746

2 500

240
421
4,488

312
607
5,219

123
407
3,824

373
486
4,566

161
421
4,138

262
430
3, 228

89
158
1,770

109
176
1,160

158
260
1,356

222
340
2,094

202
308
3, 045

254
loo
4,131

190.90
299. G4
300.47
225. 70
243. G
O
200. 04
279. 05
145. 01
21G. 45
124. 91
1G8. 09
'158. 31

GG4
908
205
3G2
3, 292

do

31,237
§8,666
_ ' Revised.
v Preliminary.
\ Production and nonsupervisory workers.
0 The
indexes exclude effects of changes in the proportion of workers in high-wage and low-wage
industries, and the manufacturing index also excludes effects of fluctuations in overtime
premiums; see note " § , " p. S-15.
AEarnings in 1907 dollars reflect changes in purchasing
power since 1907 by dividing by Consumer Price Index; effective Feb. 1977 SURVEY, data
reflect new seas, factors for the CPI.
fEffective with the Dec. 1976 SURVEY, seas, adjusted
hourly and weekly earnings were revised back to 19G4; subsequent revisions appear in Feb.




9.20
12.21

5.03
'4.83
' 5. 29
' 5. 83
' 3. 90
' 3. 61
5.87
' 0.00
' 0. 33

1977 SURVEY (see t, P- S-14). Seas, adjusted total accession and total separation rates in manufacturing reflect a new seas, adjustment method: These levels are the sum of their seas, adjusted components (total rates were revised back to 1951 and 1930).
cPWages as of Aug. 1,
1977: Common, $9.04; skilled, $12.75.
O Revisions for 1975 are in the July 1976 SURVEY.
a Does not reflect those layoffs of less than 7 consecutive days caused by cold weather or
energy supplies.

SURVEY OF CURRENT BUSINESS

August 1977
Unless otherwise stated in footnotes below, data
through 1974 a n d descriptive notes a r e a s shown
In the 1975 edition of B U S I N E S S S T A T I S T I C S

1975

1976

1976

Annual

S-17

June

July

Aug.

Sept.

1977
Oct.

Nov.

Dec.

Jan.

Mar.

Apr.

May

June

4,448

3,972

3,506

3,105

2,937

'1,995
3,647

1,483
3,173

1,357
2,752

1,325
2,413

5.5
4.8
4.2
3.8
3,106
2,897
975.6 1,038. 5

4.1
3.7
2.363
763.7

3.6
3.7
1,998
6GG.0

Feb.

July

LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
UNEMPLOYMENT

INSURANCE

U n e m p l o y m e n t insurance programs:
Insured unemployment, all programs, average
4,943
weekly § 9
tbous..
State programs (excl. extended duration prov.):
Initial claims
t h o u s . _ 24,863
3,986
Insured unemployment, avg. w e e k l y . . . d o
Percent of covered employment: A
6.0
Unadjusted
Seasonally adjusted
3,371
Beneficiaries, average weekly
thous..
Benefits paid §
m i l . $__ 11,754.7
Federal employees, insured unemployment,
average weekly
thous..
Veterans' program ( U C X ) :
Initial claims
do
Insured u n e m p l o y m e n t , avg. w e e k l y . . d o
Beneficiaries, average weekly
do
Benefits paid
mil. $__
Railroad program:
Applications
thous._
Insured u n e m p l o y m e n t , avg. w e e k l y . . d o ._
Benefits paid
mil. $__

3,822

3,457

3,642

3,446

3,217

20, 065
2,991

1,603
2,642

1,868
2,831

1,473
2,646

1,399
2,455

1,513
2,466

1,767
2,694

2,252
3,103

2,552
3,638

4.6

4.0
4.5
2,233
715.2

4.3
4.7
2,215
703.0

4.0
4.8
2,185
695.8

3.7
5.0
1,983
633.7

3.7
5.0
1,912
590.6

4.1
4.8
2,046
666.7

4.7
4.4
2,368
819.0

5.5
4.2
2,975
955.3

2,450
5, 974. 5

4,442

45

50

45

51

51

50

52

55

60

59

57

50

43

413
100
101
528. 5

401
98

37
86
88
30.7

38
93
89
31.1

37
95
93
32.8

37
93
90
32.2

33
96
90
32.4

35
101
96
36.0

33
103
104
35.6

29
101
99
32.5

31
95
97
36.9

26
87
85
29.6

26
78
74
27.2

153
27
89.5

115
27
134.8

18
21
9.4

21
22
7.0

14
23
9.5

9
22
9.2

9
24
9.5

6
23
10.1

29
11.0

10.9

5
28
13.5

3
21
9.1

16
6.2

22,899
56, 333
41,613
7,325
34,288
14, 720

74

11
13
G.7

FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
mil. $.
Commercial and financial co. paper, total
do...
Financial companies
do...
Dealer placed
do...
Directly placed
do...
Nonlinancial companies
do...
> and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period
_mil. $_.
Farm mortgage loans:
Federal land ?>anks
do
Loans to cooperatives
do
Other loans and discounts
do

22,523
52,011
39,680
7,294
32,386
12,331

19,783
50,011
37,273
6,075
31,198
12,738

19,554
51,138
38, 700
6,187
32,513
12,438

19,383
50,063
37,743
6,243
31, 500
12,320

19, 599
49,814
37, 785
6,347
31,438
12,029

20,312
51,334
38,518
6,674
31,844
12,816

20,678
53,080
39,768
7,113
32,655
13,312

22,523
52,011
39,680
7,294
32,386
12,331

22, 362
53,905
40,100
7,347
32,753
13,805

22,187
54,432
39, 683
7,291
32, 392
14, 749

22, 694
54, 671
40,980
7,271
33,709
13, 691

31, 741

36, 740

34,881

35,303

35,566

35,868

36, 290 36, 387

36,740

37,507

38,199

39,141

39,581

40,035

40,322

16,564
3, 979
11,198

19,127
4,931
12,682

17, 979
4,413
12,489

18,202
4,420
12,681

18,390
4,360
12,816

18,570
4,467
12, 841

18,741
4,872
12,677

19,127
4,931
12,682

19, 298
5,596
12,612

19,530
5,924
12, 745

19,944
6,140
13,057

20,242
5,924
13, 416

20,540
5,654
13,841

20,820
5,232
14,271

Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted:
Total (233 SMSA's)©
bil. $_
New York SMSA
do
Total 232 SMSA's (except N.Y.)
do.
0 other leading SMSA'si
do..
2 C other SMSA's
2
do
Federal Reserve banks, condition, end of period:
Assets, tota!9—
..mil. $.

Deposits, total
Member-bank reserve balances
Federal Reserve notes in circulation

18, 918
4,997
12,472

,102.3 27,867.4 27, 241.6 27,396.0 28,049.0 28,911.0 29, 288.1 30,145.4
26,625. 6 27,
27
1,221.1 12, 727. 913,522.0 : 495. 5 j 13,835. ,411.8 14,898. 0
,
0 14,
12,844.3 L3,354. 2 13
13,781.3 13,748.1 14,646. 3 4,513. 13,874.0 14,553. 5! 15,076.1 4,876. 315,247.4
5,561.2 5,497.7 5, 935. 8 5, 857.3 5,447. 9 5,693.2! 5,917.1 5,864.3 5,887.1
8,220.1 8,250.4 8,710. 5 8,656.4 8,426.1 8,860.4 9,159.0 9,012.0 9,360. 2

58,700
44,404
7,935
30, 409
14, 350

30,421.7 30,585.5 '32,028.5 32,394.9
', 612.114, 988. 915,739.7 15,510.4
:
15,809. 6 15,596.516,284. 2 10,878.5
1,213.1
6,155. 7 6,055.5 6,420. 4 6.
9,653.9 9,541.1 9,863.8 10,0G5.4

123,997

133,540

132,189

124,997 129,202

132,397

130,076 126,844

133,540 125,517 127,056

129,044 135,084

131,108 137,763

99,149
211
87, 934
11,599

107,718
25
97,021
11,598

L06,446
314
94,446
11,598

100,441 103,805
48
64
90,673 94,030
11,598 11,598

107,664
322
96,427
11,598

105,069 101,380
44
40
95,839 91,660
11,598 11,598

107,718 103,644 105,622
47
25
24
97,021 94,134 95,837
11,598 11,658 11,651

106,609 111,163
379
271
95, 987 99,967
11, 636 11, 636

108,982 114,757 110,183
788
'260
400
97,394 102,239 98,711
11,629 11, G20 11, 595

do.

123,997

133,540

.32,189

124,997

129,202 132,397

130,076 126,844 133,540 125,517 127,056

129,044 135,084

131,108 137,763 ^133,912

do
do
do

34, 780
26,052
78, 770

38,016
25,158
85,590

40,628
27,460
80,536

34,358
24,371
81,034

36,793
24,782
81,275

40,933
26,220
81,520

38,014
26,461
82,072

31, 332
23,239
84,281

38,016
25,158
85,590

35, 833
23,411
81,198

36,313
22,916
81,709

35, 950
27, 814
83, 257

40, 297
25,773
83, 757

36,114 • 40,872 30, 728
29, 009 • 24,502 20,892
85,333 80,32G 80,074

i 34,989
i 34,727
1262
i 127
i 148

35,136
34, 964
172
62
122

33,774
33,657
117
120
17

34,146
34,076
70
123
-29

34,141
33,844
297
104
221

33,979
33, 692
287
75
243

34,305
34,116
189
66
155

34,797
34,433
364
84
301

35,136
34, 964
172
62
122

36, 290
35,796
494
61
441

34,199
34,234
-35
79
-102

34,135
33, 870
265
110
168

34,613
34,602
11
73
-48

34,732
34,460
272
200
103

Reserve bank credit outstanding, total 9 ..do
Time loans
.
do
U.S. Government securities
do
Gold certificate account
do
Liabilities, total 9

23,201 23,440
57,573 59,372
43,136 44, f>42
7,701
7,492
35,644 30,881
14,730
14, 437

18,727
47,690
37,515
6,239
31,276
10,175

All member banks of Federal Reserve System,
averages of daily figures:
Reserves held, total
mil. $
Required
__
do.
Excess
do
Borrowings from Federal Reserve banks
do
Freoroserves
do
Large commercial banks reporting to Federal l?eserve System, Wed. neatest, end of yr. or mo •
Deposits:
Demand, adjustedef
mil. $_

34,400
34,293
' 113
'202
'94

P133,912

35,405
35,039
v 420
P 330
P149

112,124

112,773

108,682 104,797 105,587

103,331 106,173

110,999 112,773 109,046 107, 755 107,553

109, 800 109, 343 110,328 110,421

Demand, total 9
do...
Individuals, partnerships, and corp
do-__
State and local governments
"...do. I
U.S. Government
_
do
Domestic commercial banks
do...

184,174
132,245
6,967
1,386
29, 322

181,528
130,575
6,041
1,620
27,383

178,773 161,504 166, 689 165,960 178,639
126,591 117,802 120, 365 119,089 126,323
5,635
6,839
6,346
6,336
5,620
1,865
' 2,737
1,127
2,676
2,668
27,372 22,560 24, 617 24,011 28,789

183,073 181,528 172,695 173,182 170,784
130,287 130,575 123,671 124,769 123,138
6,816
5,814
6,222
6,597
6,041
1,467
1,045
1,313
1,385
1,620
25,238 25, 900 26,323
27,430 27,383

173, 317 185, 989 176,016 179,973
125, 598 132, 874 126,871 128,290
0, 079
6,208
6,205 6,678
2,777
1,349
4,881 1,083
22, 780 29,090 25,407 20, 049

Time, total 9
do...
Individuals, partnerships, and corp.:
Savings
..
do
Other time
do.""
Loans (adjusted), total d"
do.
Commercial and industrial
]_do]
For purchasing or carrying securities _ do
To nonbank financial institutions
..do
Real estate loans
do
Otherloans
do

227, 729

231,416

225,169 223,252 221,423

223,690 221,646 224,828

231,416 230,446 230, 598 234,857

231, 856 235,803 237,934 238,498

68,445
115,961

89,473
107,545

79,821 80,220 80,937
108,533 106,398 105,378

82,090 84,907 86,851
106,373 103,456 105,244

89,473 91,515 92,711 94,998
107,545 105,159 104, 540 106,157

94, 700 94,412 94,088 94,331
104, 251 107,151 109,686 110,401

285,499
120,661
8,933
27,180
59, 530
87,404

291,495 280,017 276,457 279,363 280,230 284,878 290, 428 291,495 289,825 290, 042 291,422
116,480 112,903 111,256 111,137 112,313 114,619 115,507 116,480 114,771 116,187 116,791
12,327
9,875
9,443 11,060 10,109 11,319 12,617 12,327 12,213 11,625 11, 682
24,540 «25,995 25,979 24, 203 23,754 24,053 23,863 24,540 23,264
22,964 23,560
63,409 61,429 61,767 62,055 62,431 62,869 63, 227 63,409 63, 945 64,485 64,974
96,816 88,650 84,437 90,359 89,125 92,359 94,157 96,816 95, 291 93, 696 93,940

292, 549 298, 242 299,724 305,000
117, 447 117,982 119,439 119,308
11,966 12, 748 12,296 13, 007
23, 01T 23,208 20,013 22,401
65,432 66,304 67,721 08, 958
93, 538 100,307 98,659 101,205

Investments, total
U.S. Government securities, total
Notes and bonds
Other securities
/_._

100,345
40,178
26,464
60,167

111,452
50,076
36,825
61,376

111,
47,
40,
63,

. . _ do
'.'.
do"
.
do
do

101,402 100,549 102,942 103,729 104,630 108,501
42,150 41,182 43,144 43,421 44,458 47,615
29,279 29,174 32,350 32, 502 33, 632 36,089
59,252 59,367 59,798 60,308 60,172 60,886

§ Insured unemployment (all pro-

^oia nut auuwii separately.
c f l o r demand depos
deposits other than domestic commercial bank an

242-659 O - 77 - S3




111,452 107,418 109, 504 109,507
50,076 47,615 49, 649 49,489
36,825 36,494 39,429 39,730
61,376 59, 803 59,855 60,018

176
696
099
480

,594 112,249 110,000
111
48,273 48,295 40, 720
39,459 39,153 38,701
63,321 63,954 03,934

process of collection; for loans, exclusive of loans to a n d Federal funds transactions with
domestic commercial banks a n d after deduction of valuation reserves (individual loan items
are shown gross; i.e., before deduction of valuation reserves).
O T o t a l SMSA's include
some cities a n d counties not designated as SMSA's.
If Includes Boston, Philadelphia,
Chicago, Detroit, San Francisco-Oakland, a n d Los Angeles-Long Beach.
c Corrected.

SURVEY OF CURRENT BUSINESS

S-18
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

1975

1976

1976

Annual

August 1977

June

July

Aug.

1977

Sept.

Oct.

Dec.

Jan.

784.4
538. 9
97.3
148.2

Nov.

786. 6
540.9
90.9
148.8

796. 4
545. 4
101.5
149.5

803.0
551.0
103. 6
148.4

Feb.

Mar.

Apr.

May

June

July

FINANCE—Continued
BANKING- Continued
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates), seas. adj.:f
Total loans and investments©1
bil. £
_- do
LoansO
- —
U.S. Government securities
Other securities
..
. do

721.1
496.9
79.4
144.8

784.4
538.9
97.3
148.2

Money and interest rates: §
Bank rates on short-term business loans
In 35 centers
nerefint nor annum,,
New York City
do
7 other northeast centers
do

i R. 65
8.37
8.91

7.52
7.12
7.88

7.80
7.48
8.18

7.28
6.88
7.62

8.54
9.01
8.75
8.86

7.48
7.74
7.54
7.80

7.70
7.95
7.76
8.15

7.28
7.51
7.33
7.52

8 north central centers
7 southeast centers
8 southwest centers
4 west coast centers

do
do
do
An

Discount rate (N.Y.F.R. Bank), end of year or
month
_ _.
percent
Federal intermediate credit bank loans

do

Homo mortgago rates (conventional 1st mortgages): U
New home purchase (U.S. avg.) ._ percent
Existing home purchase (U.S. avg.)
do
Open market rates, New York City:
Bankers'acceptances (prime, 90 days)
do
Commercial paper (prime, 4-6 months)..do
Finance co. paper placed directly,3-6 mo-do
Stock Exchange call loans, going rate
do
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent3-5 year issues.
_
do

758.0
516. 0
95.6
146.4

751. 4
512.1
93.2
146.1

748.8
509.3
94.7
144.8

762.9
520.8
94.9
147.2

778.8
533.1
95.4
150.3

771.6
529.6
94.4
147.6

812.4
557. 7
102.8
151.9

819.4
562.1
104. C
152.7

825. 5
567. 0
105.3
153.2

831.8
574. 5
102.9
154.4

5. 25

6.00

6.25

5.50

5.50

5.60

5.50

5.50

6.43

5.25

5.25

5.25

5.25

5.25

5.25

5.25

18.14

17.35

7.33

7.28

7.22

7.19

7.15

7.11

7.10

7.03

7.05

6.97

6.85

6.78

G.7G

18.75
19.01

18.76
18.92

8.69
8.82

8.76
8.85

8.79
8.91

8.85
8.94

8.85
8.94

8.83
8.91

8.87
8.90

8.82
8.84

8.78
8.80

8.74
8.76

8.73
8.74

8.74
8.75

8.78
8.78

2

5.19
5. 35
5.22

5.77
5.94
5.78
7.31

5.50
5.67
5.53
7.50

5.32
5.47
6.46
7.60

5.28
5.45
5.31
7.50

5.06
5.22
5.08
7.50

4.90
5.05
4.92
7.50

4.62
4.70
4.56

4.81
4.74
4.64

4.83
4.82
4.75

4.80
4.87
4.77

4.78
4.87
4.81

5.34
5.35
5.13

5.39
5. 49
5.38

5.43
5.41
5.38

4. 989
6.94

5.443
7.40

5.278
7.24

5.153
7.04

5.075
6.84

4.930
6.50

4.810
6.35

4.354
5.96

4.597
6.49

4.662
6.69

4.613
6.73

4.540
6.58

4.942
6.76

5.004
6. 58

5.146
6.67

2

6.29
2 6.32
2 6.15
2
8.02
2 5.838
2 7.55

2
2

2

2

8.79
8.83

CONSUMER CREDIT!
(Short- and Intermediate-term)
Installment credit extended and liquidatecI:
Unadjusted:
Extended, total 9 .
mil. $
Automobile paper. _ .
do
Mobile home
do
Home improvement
do
Revolving:
Bank credit card
do
Bank check credit
do
Liquidated, total 9
Automobile paper _
Mobile home
Home improvement
Revolving:
Bank credit card
Bank check credit
Seasonally adjusted:
Extended total 9
Automobile paper
Mobile home
Home improvement
Revolving:
Bank credit card..
Bank check credit

"do
do
do
do
do

T 164,169 T 193,328 17,774 T 16,482 T 17,251 T 16,575 T 15,060 T 16,813 T 19,588 T 13,921 T 14,430 T 18,739 T 18,557 T 19,084 20,544
T 62,988 r 6, 229 r 5, 553 T 5, 680 T 5, 382 7 4,704 " 5,004 T 5,162 T 4, 242 T 4, 889 T 6, 643 T 6, 229 T 6, 392
T-51,413
7,097
r
T-456
T-387
T-382
T-478
T-427
7-421
T-363
T-309
T 4, 841
T-431
T 4, 323
T-259
479
T-440
481
7 645
"
T-613
T-567
T-642
7-541
T-551
T-633
T-643
T 5, 556
T 6, 736
"•452
T-694
T-680
T-401
809
20,428
4,024

156,665 7 172,795
r 48,406 T 52, 750
T 4, 691
T-4,517
r
T 5,151
4, 675
19,208
4,010

T
-

2,138

T
-

T-394

2,184

T-2,315
T-446

T-415

T
-

2, 263 7 2,162 T 2,305 T 3,050
"
T-412

T-431

T-417

T
-

T-505

2,190
T-450

T-1,926
T-412

T 24,012 T 2,008
T-391
T 4,552
-

T
-

1, 949

T
-

T-359

15,989

2, 072
T-385

p

T
-

1, 988 T 2,039
T-333

T-379

T
-

2,167
7-401

T
-

T-407

T 17,677 r 1 7 072
T 5,869 7-5 440
T-470
T 352
-

do
do

T
-

2,105

14,454 * 14,349 T 14,589 T 14,589 r 14,753 T 15,077 T 15,236 T 15,082 T 15,594
T 4,456 T 4,389 T 4,451 T 4, 532 T 4,500 T 4, 630 T 4,667 T 4,708 T 4, 792
r
r
T-385
T-415
395
7-391
T-379
T-406
T-386
T-400
407

r 78,667
T 35, 994
T 25,666
do
18,002
— do.— T- 6, 626

T-541

T-547
T
-

T-560

2,185 7 2,209
T-404

T-415

16 118
5, 204
7 380

T
-

T-432

T-419

T-443

T-464

T 16 4^0 T 15 844 T 16,712
r
5,312
T-5 298 - 4 834
T-403
T 393
T 361
T-622
-584
T-549
T-2,211
T-394

T-450

r

2, 266

' 2,260

T-421

T-624

T 2,297
-

T-430

T-469

T-558
T
-

T-441

T-459

2, 228
T-415

T
-

2,176
421

2, 384

T
-

T-459

T-477

T-463
T
-

2,157 T 2,398
,7-415
T-425

16,533
5,204
408
527
2,373
421

T-17,418 T 18 351 T 18 609 T-18,322 T - 1 8 , 6 1 3
T 5, 747 T 6,135 T 6,037 7 5,973
5, 978
r
T-402
408
434
T 367
T-463
T-627
T-564
677
T-638
T-660

T-460

T-463
T
-

2,166

T
-

2,630
497

T
-

2, 381 T 2,547 T 2,589
T-467

T-470
r

T-498

15,503 T 15,840 T 15,803
4, 809 T 4,882 T 4,785
7-420
T-386
T-407
T-501
M78
T-479

T
-

2,198 7 2,136
T 420
T-420

T
-

2, 288
7*413

T-2,416
T-400

2,604
512
16, 331
5,080
385
503
2,385
427

T 185,489
-

171,729 T 173,923T 176,613T 178,947T 179,487T 181,237T 185,489T 184,597 T 184,504 T 186,379T 189,187T 192,143196,157
-

T 66,116
T 14, 572
7 10, 990
-

61,646 - 62,827 T 63,996 r 64,825 T 65,042 T 65,469 T 66,116 T 65,874 T 66,361 T 67,678 T 69,064 T 70,557 72, 459
14,475 ' 14,516 T 14,561 T 14,572 T 14,559 T 14,561 T 14,572 T 14,466 T 14,396 T 14,409 T 14,471 T 14,477 14,551
10,137 T 10,307 T 10,505 T 10,692 T 10,763 T 10,891 T 10,990 ' 10,948 T 10,962 T 11,097 T 11,298 T 11,465 11,742
-

r 1 1 351 r 9 549 T 9 785 T 10 028 r 10 302 r 10 495
T 3, 041 T 2, 680 7 2, 736 7 2 797 T 2,875 7 2, 913
r 83,124
T 36,719
30,546 T 28,385
T 19, 052 T 16,386
T 7, 741 T 7,114
-

T-89,511
T 38, 639
-

T 84,528
T 37,132
T 28,815
r 16,214
T 7, 234
-

T 85,883
T 37,477
T 29,518
T 16,395
T 7,340
-

r
2
Revised.
v Preliminary.
1 Average for year.
Daily average.
0 Adjusted to
exclude interbank loans.
§ For bond yields, see p. S-21.
t Beginning Jan. 1959, monthly
data have been revised to reflect new seasonal factors and adjustment to bench marks for the
latest call date (Dec. 31, 1975). Revisions are available from the Federal Reserve Board,
Washington, D.C. 20551.
9 Includes data for items not shown separately.
% Data have




2, 335 T 2,454
T-440

471

T-403

T-429

T 15, 796
5, 245 T 5,097
7 399

do
do

T
-

T-461

2, 262 T 2,273 7 2,104 T 2,363
r

T
-

T 2,003 T 2,002 T 2,092 T 2,007 T 2,095 r 2, 148
T-399
T 369
T 356
T 383
T-403
T-401

.

2, 244

14,764 T 14,286 T 14,560 T 14,242 T 14,522 T 15,062 T 15,337 T 14,813 T 14,522 * 16,864 T 15,757 T 16,121
4, 616 T 4, 372 T - 4 , 5 1 1 T 4,553 T 4,487 T 4,577 T 4,514 T 4,483 T 4, 403 T 5, 325 T 4,844 T 4,898
T-409
T-415
T-384
T-379
T-424
T-416
7-371
T-375
T-377
T-427
T 366
T-416
T-452
T-511
7-430
T-434
T-436
T-438
T-456
T-508
T-470
T-443
T-497

do
do
do

Total installment credit outstanding, end of year or
month 9
mil * r 164,955
By credit type:
Automobile
do
T 55,879
Mobile homedo
T 14, 423
Home improvement
do
» 9,405
•
Revolving:
Bank credit card
do
9 501
Bank check credit
do
2,810

T
-

T
-

do
do
do
do

Liquidated, total 9
Automobile paper
Mobile home
Home improvement
Revolving:
Bank credit card
Bank check credit

By holder:
Commercial banks
Finance companies
Credit unions
Retailers .
Others

T 25,862
T 4, 783
-

T 86,943
T 37,625
T 30,296
T 16,643
7 7,440
-

T 10
T 2,
-

563
943

T 87,689 T-88,112
T 37,779 T 38,090
29,711 30,053
T 16,777 T 17,335
T 7,531 T 7, 647
-

T 11 351 T 11 269 T 11,090
T 3,041 T 3,062 T 3,071
-

T 89,511
T 38,639
30,546
T 19,052
T 7, 741
-

T 89,262
- 38,790
30,410
7 18,378
T 7,757
-

7 10,971 T 11,149 T 11,205 11,462
3,202
7 3, 061 T 3, 076 T 3,125
-

T 89,223 T 90,187 T 91,837
T 38,868 T 39,188 T 39,561
30,701 31,448 31,912
T 17,860 T 17,585 T 17,734
T 7,852 T 7, 971 T 8,142
-

T 93,190 95,307
T 40,127 40, 712
32, 704 33, 750
T 17,911 18,032
8,355
T-8,211

been revised back to 1970, noninstallment credit is no longer available on a monthly
basis. "Personal loans" and "other consumer goods paper" have been combined to form an
"all other" category (not shown separately here). Earlier monthly data are available from
the Federal Reserve Board, Washington, D.C. 20551.
1 Beginning Jan. 1973, data have
f
been revised; revisions for Jan. 1973-April 1975 will be shown later.

S-19

SURVEY OF CURRENT BUSINESS

August 1977
1975

Unless otherwise stated in footnotes below, d a t a
through 1974 a n d descriptive notes a r e a s shown
in t h e 1975 edition of B U S I N E S S S T A T I S T I C S

Annual

1977

1976

1976
June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

FINANCE—Continued
FEDERAL GOVERNMENT FINANCE
Budget receipts and outlays:
Receipts (net)
Outlays (net)
Budget surplus or deficit ( )
—

...mil. $
do.
do.

280, 997
^326,105
-45,108

300, 005
366,456
-66,451

37, 615 22, 660 27, 360
30, 601 '•33,952 '29,605
' 7, 014 '-11,292 - 2 , 245

31,753 21,018 25,698 29,472
31,189 34,000 33,083 31,891
' 5 6 4 -12,981 -7,385 - 2 , 4 1 9

' 2, 245 ' - 5 6 4
' 8, 737 ' 3, 332
•-6,492 '-3,896

7,385
6,738
647

2,419
6, 306
-3,887

29,977 24,327 25,171
32, 640 30, 880 34, 646
- 2 , 664 - 6 , 554 - 9 , 475
6,554
2,664
9,118
3,157
- 4 9 3 - 2 , 564

40,016 27,672
35,547 33, 71")
4, 469 - 6 , 0 4 3

9, 475 - 4 , 4 6 9
5,351
1,206
4,124 —5,675

0,043
-2,871
8,914

Budgetfinancing,total
Borrowing from the public
Reduction in cash balances

do
do
do

145,108 ' 66,451
i 50, 853 ' 8 2 , 9 1 3
i-5,745 -16,462

Gross amount of debt outstanding
Held by the public

do
do

544,131 i 631,285 631,285 '635,260 644,394 645,748 649, 276 656,282 664,794 664,852 674, 280 680,141 <681,905 G82, flfi")
396,906
479,719 479,719 485,683 494,417 497,696 502, 713 509,451 515,757 518,914 528,033 533, 383 534, 590 531, 719

Budget receipts by source and outlays by agency:
Receipts (net), total
mil. $..
Individual income taxes (net)
do
Corporation incomo taxes (net)
do
Social insurance- taxes and contributions
(net)
mil. $.
Other
do....

280,997 i 300,005
122,386 i 131,603
*40,621 141,409

- 7 , 0 1 4 ' 11,292
6,438
3,847
-10,861 4,854

12,981
4,386
8,595

37,615
16,037
10,000

22,660
11,201
1,513

27, 360
12,088
689

31,753
15,513
6,259

21,018
11,095
1,027

25,698
12,535
699

29,472
12,663
7,633

29,977
18,108
1,694

24, 327
8,515
948

25,171
6,131
8,719

40,016
18, 660
7,974

27,072
9,412
1,090

86,441
31,549

i 92,714
i 34,281

6,971
4,607

7,068
2,353

11,614
2,969

7,077
2,905

6,199
2,697

9,432
3,032

6,207
2,969

7,320
2,853

10, 764
4,099

7,413
2,908

10,703
' 2,078

14,203
2,901

324,601
Outlays, total?
do
i 9, 725
Agriculture Department
do
i 85,420
Defense Department, military
do
Health, Education, and Welfare Department
mil. $.. 112,411
i 41,177
Treasury Department
do
i 3,267
National Aeronautics and Spaco A dm
do
i 16,575
Veterans Administration
do

i 365,610
i 12, 796
i 88,036

30,601
1,248
7,622

33,952
1,109
7,246

29, 605
1,266

31,189
1,475
7,855

34,000
982
7,244

33,083
1,875
7,820

31,891
1,165
8,305

32,640
1,372
8,004

30, 880
1,286
7,907

34, 646
1,705
8,146

35, 547
1, 825
7,745

33,715
1,102
7,954

• 128,785
1
44,335
i 3,670
i 18,415

11,319
2,949
286
1,254

11,234
5,126
344
1,351

11,318
3,065
359
1,385

11,788
1,538
250
1,222

11,635
4,743
368
1,382

11,983
3,290
359
1,723

11,968
6,257
345
1,459

11,918
4, 689
275
1,640

12,136
3, 034
321
1,574

12, 458
3,090
352
1,611

12,318
5,196
322
1,683

12,311
3,170
309
1,049

1
1

Receipts and expenditures (national incomo and
product accounts basis), qtrly. totals seas. adj.
at annual rates:f
Federal Government receipts, totnlf
bll. $ _
_

286.9

332.3

329.1

344.5

364.9

> 370. 9

Personal tax and nontax receipts.
...do
Corporate profit tax accruals
do
Indirect business tax and nontax accruals.do
Contributions for social insurance
do

125.6
43.1
24.0
94.2

147.3
55.9
23.4
105.7

143.9
57.0
23.2
105.0

150.3
56.9
23.
106.2

157.1
55.1
23.8
108.4

170.0
55.4
24.:
115.4

'108.0
v 59. 0

Federal Government expenditures, totalf.-do

357.1

386.3

375.3

390.6

400.4

403.7
136. 3
89.7

' 143. 4
' 93. 4

Purchases of goods and services
Nat ional defense

do
do.

Transfer pay men ts
do
Grants-in-aid to State and local govts
do...]
Net interest paid
do
Subsidies less current surplus of government
enterprises
bil. $..
Less: Wage accruals less disbursements...do

123.3
83.9

130.1
86.8

128.5
86.0

130.2
86.4

134.2
88.4

149.1
54.6
23.3

162.0
61.0
27.2

157.8
56.8
26.7

163.9
63.1
27.3

166.3
65.5
1.5

170.7
62.0
28.6

• 109. 3
03. 0
' 29.1

6.7

5.9

5.5

6.1

6.0

6.1

' "). 9

.0

.0

.0

.0

-53.5

-55.9

-38.8

.0

do....

Surplus or deficit(-)

.0

-70.2

-54.0

-46.2

bil. $
do.."
do
do.
do.

289.30
15.18
133.90
89.17
82.41

321. 55
20.26
154. 93
91.55
84.13

305.22
17.85
145.31
89. 71
82.70

307.60
18.77
146.09
89.74
82.67

309.87
19. 26
148.19
89.88
82.75

312.87
19.54
150.00
90.20
83.02

314.84
20.20
151.10
90. 29
83.07

317.50
20. 66
152.11
90. 79
83.50

321.55
20. 26
154.93
91. 55
84.13

322.49
19. 75
157. 26
91.62
84.19

324.16
20.12
158. 38
91.65
84.13

326. 75
20. 98
158.70
91. 79
84.15

328. 79
21. 03
160. 29
92. 20
84.38

331. 03
21.08
101. 52
92. 30
8-1. 43

9.62
24.47
1.92
15.05

10.48
25.83
2.00
16.50

9.98
25.14
1.51
15.73

10.02
25.25
1.36
15.76

10.11
25. 37
1.23
15.83

10.13
25.49
1.18
16.33

10.23
25.59
.91
16.50

10.24
25. 70
1.17
10.82

10.48
25.83
2.00
16.50

10. 55
25.92
1.51
15.88

10.63
26.05
1.37
15.96

10.74
26. 21
1.56
16.75

10.80
26.36
1.48
16.63

10.82
2(5. ">0
1.02
17.12

319, 653
219,336
103,940
6,378

28,870
18,248
10,064
558

23,256
16, 272
6,492
492

27,242
17, 267
9, 453
523

25,662
16,919
8,193
550

24,409
17, 720
6,171
518

27,619
18, 394
8,718
507

39,803
21,973
17,350
480

26, 002
15, 970
9,534
498

24, 722
17,114
7,114
494

30,116
20,858
8,649
609

26, 722
19,400
6,786
536

27, 414
20,11")
6,717
582

30,990
21,024
9,430
530

11,598
331
375,048
331,017

11,598
14
11, 696
38,069

11,598

11,598
42
85.499
22.500

11,598
-25
40, 733
39,808

11,598
85
75,341
27, 258

11,598
48
8,395
23,134

11,598 11,658
43
71
52,805 142,509
33, 933 30, 384

11,650
39
;65, 292
23, 349

11,636
33
5, 898
25, 981

11,636
-11
1, 908
23,716

11,629
61
67,104
28, 825

11,020
37

41,744
24,480

962.4
65.2

83.6
6.1

81.5
5.4

84.0
5.7

85.3
6.5

83.2
5.7

81.1
6.1

75.2
6.3

73.5
5.8

72.6
5.8

78.5
6.4

78.5
5.7

79.0
0. 9

80.2

7,324
22,861
4. 295

2,601
23, 249
4. 225

2,912
31,533
4.369

5,304
38,765
4.348

5,367
36, 458
4.409

23,672
4.535

3,557
41,854
4.842

6,714
31,170
4.777

4, 629
25,796
4.692

4,632
30, 230
4.443

2,430

4,388

2,085

2,026

p-40. 4

LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance cos
Government securities.
Corporate securities
Mortgage loans, total
Nonfarm
Real estate
Policy loans and premium notes..
Cash
Other assets

_

do..
do
do..
I.do"

Life Insurance Agency Management Association:
Insurance written (new paid-for insurance):
Value, estimated total
mil. $.
Ordinary (Inch mass-marketed ord.).._.do._.
Group...
. _
do
Industrial
.
do
MONETARY STATISTICS

* 288,857
185,779
2 96,349
6,729

Gold and silver:
Gold:
Monetary stock, U.S. (end of period)...mil. $_. 11,599
Net release from earmark§
_ do
93
Exports
thous. $_. 458,853
imports
__ _
do
456, 638
Production: If
South Africa
Canada

mil. $
do .

960.9
68.7

Silver:
Exports
thous. $
132,626
61,434
3,345
6,562
4,918
Imports
do..
330,556 325,252 29,800 22,509 54,144
Price at New York
dol. per fine oz
4.419
4.353
4.812
4.774
4.237
Production:
United S t a t e s . . .
_.thous. fine oz... 36,627
26,708
2,723
1,578 1,774
r
Revised.
v Preliminary.
i Data shown in 1975 and 1976 annual columns are for
nscal years ending June 30 of the respective years; they include revisions not distributed
to months.
2 Includes $1,694 mil. Vets group life ins.
9 Includes data for items not shown
separately.




1,796

2,104

1,644

2,169

c

2,44(1

4. 498

2,800

t D a t a have been revised back to 1946 (see table 3.2 in the J a n . 1976 S U R V E Y for earlier d a t a ) .
§ Or increase in earmarked gold ( - ) .
If Valued a t $38 per fine ounce from J a n . 1972-Sept.
1973; a t $42.22 thereafter.
«Corrected.

SURVEY OF CURRENT BUSINESS

S-20
1975

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

| 1976

1976

June

Annual

August 1977

July

Aug.

Sept.

1977

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

FINANCE—Continued
MONETARY STATISTICS—Continued
3.7

91.2

91.7

93.4

94.0

95.6

312.3
80.7
231.6
480.5
4.2

321.3
'82.0
239.3
488.2
4.7

319.7
80.5
239.2
494.6
4.2

309.9
80.8
229.1
498.6
4.4

312.4
81.6
230.9
504.6
4.5

322.3
82.8
239.6
507.7
5.6

315.5
83.4
232.1
511.8
3.8

310.4
79.8
230.6
477.8

310.4
80.2
230.2
484.2

312.4
80.5
231.9
491.1

313.8
81.1
232.7
495.6

314.0
81.8
232.1
500.0

315.4
82.2
233.2
502.8

320.5
83.1
237.4
505.7

320.7 ' 321. 9
83.6
84.0
237.1
238.0
509.2
514.8

bll. $..

6.5

93.7

>8.9

88.9

19.5

,9.5

90.3

93.0

Money supply and related data (avg. of dailyfig.):©
Unadjusted for seasonal variation:
Total money supply
bll. $..
Currency outside banks
do
Demand deposits
do
Time deposits adjustedi
do
U.S. Government demand deposits^
do

289.5
71.0
218.5
436.1
3.7

304.2
77.8
226.5
468.0
4.2

302.6
77.8
224.8
466.3
4.8

305.4
78.7
226.7
469.1
3.5

303.5
78.9
224.6
470.0
3.7

304.9
79.0
225.9
473.0
5.0

309.3
79.6
229.7
477.8
4.0

303.2
77.5
225.6
465.3

305.0
78.1
226.9
469.0

306.5
78.6
227.9
468.9

306.9
79.2
227.7
472.5

Currency in circulation (end of period)

Adjusted for seasonal variation:
Totalmoney supply
Currency outside banks
Demand deposits
Time depositsadjustedi

do.
do_.
do.
do..

Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
Total (233 SMSA's)©..ratio of debits to deposits..
New York SMSA
do....

96.7

321.4 p 372.2
85.7
84.2
241.5
237.1
519.6
516.1
3.9
'5.2
326.8
85.1
241.7
519.5

128.3
335.0

143.9
391.9

145.0
400.8

145.8
405.0

148.6
400.6

145.8
393.7

146.4
416.2

147.3
395.1

153.5
419.8

154.3
443.5

153.3
437.3

155.2
436.0

158.2
465.2

160.2
474.9

160.6
452.1

82.9
119.1
68.8

90.7
129.4
75.7

90.9
131.9
75.1

89.9
128.6
74.9

94.8
138.2
78.1

93.9
136.1
77.7

89.7
126.6
75.5

92.2
13L7
78.4

97.0
136.9
81.7

94.6
133.9
79.4

93.8
129.9
79.9

97.3
135.2
82.5

96.8
134.7
82.1

97.7
139.8
81.7

100.8
135.9
87.7

49,135
5,154
409
1,801
6,703

64,519
5,826
809
2,270
7,610

18,079
1,579
258
662
2,102

16,017
1,678
165
574
1,923

15,575
1,314
133
471
1,630

15,584
1,164
168
482
1,934

Petroleum and coal products
do
Stone, clay, and glass products
do
Primary nonferrous metal
do
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery, and transport, equip.)
mil. $_.

9,307
968
663
2,280

11,725
1,447
913
2,085

2,995
468
307
656

2,889
497
232
507

2,963
344
190
468

2,999
160
258
204

2,523

3,196

915

840

681

726

Machinery (except electrical)
do
Elec. machinery, equip., and supplies
do
Transportation equipment (except motor
vehicles, etc.)
mil. $..
Motor vehicles and equipment
do
All other manufacturing industries
do

6,311
2,564

7,889
4,073

2,046
1,084

1,987
987

2,041
1,200

1,937
1,055

1,039
1,737
7,481

1,687
5,099
9,890

475
1,753
2,779

446
686
2,606

401
1,284
2,455

446
1,655
2,396

do....

19,968

22,763

5,423

5,555

6,582

6,049

mil. $..

56,131

57,647

6,826

3,912

3,190

4,919

4,445

4,175

6,456

3,908

3,137

4,564

2,160

41,664

41,070

5,014

2,498

2,513

3,940

3,236

2,614

5,290

3,002

1,833

4,644

2,721

7,413
3,458

8,305
2,789

1,035
360

540

464
214

418
136

673
276

408
282

612
308

499
103

692
128

675
520

428
163

mil. $_
do___
do
do. .

52,539
18,651
1,628
15,894

52,161
15,479
1,771
14,395

6,410
1,480
225
1,348

3,127
1,198
189
932

3,190
1,031
67
919

4,494
753
108
1,465

4,185
1,349
18
1,413

3,304
510
105
1,327

6,208
2,386
275
1,156

3,605
905
206

2,652
742
171
435

5,840
1,125
154
1,598

3,312
1,348
147
774

do.
do..
do..

2,634
4,464
6,838

3,596
3,561
10,229

243
1,408
1,390

70
26
567

13
212
664

1,117
140

130
155

112
190
754

462
195
1,216

1
558
477

317
808
1,462

100
334
529

29,326
28,973

33, 845
21,905

2,926
3,097

2,567
1,138

2,609
1,651

2,678
2,402

3,520
1,244

3,249
1,510

2,333
1,126

3,371
1,363

3,136
1,324

4,026
1,506

3,448
5,000

8,166
829

8,276
7,248
1,028

8,417
7,519

8,683
7,622
1,061

8,788
7,707
1,081

8,772
7,704
1,068

8,640
7,790
850

8,995
8,166
829

9,509
8,679
830

9,687
8,891
796

9,887
9,078

820

540

530
1,635

555
1,605

615
595
625
611
555
585
645
605
605
'615
1,740
1,710
1.580
18
,
1,855
1,710
1,815
1,720 •1,715
19
,
f
a l commercial banks.
©Total SMSA's include some cities and counties not designated as SMSA's.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland and Los
Angeles-Long Beach.
§ Data revised back to 1973; no monthly revisions for 1973-75 are
available.
c
9 Includes data not shown separately.
Corrected.

Total 232 SMSA's (except N.Y.)
6 other leading SMSA'sd"
226 other SMSA's

do....
do
do....

PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade Comm.):
Net profit after taxes, all industries
mil. $..
Food and kindred products
_.do
Textile mill products
do
Paper and allied products
do
Chemicals and allied products
do

Dividends paid (cash),all industries
SECURITIES ISSUED
Securities and Exchange Commission: §
Estimated gross proceeds, total
By type of security:
Bonds and notes, Corporate
Common stock
Preferred stock
By type of Issuer:
Corporate, total 9
Manufacturing
Extractive (mining)
Public utility
Tra nsportation
Communication
Financial and real estate

do
do
do

State and municipal Issues (Bond Buyer):
Long-term
_ __ do.
Short-term

__

_do

4,237 ' 5, 668
1,334 r 2,294

2,945
1,344

SECURITY MARKETS
Stock Market Customer Financing
Margin credit at brokers and banks, end of month,
total
mil. $..
At brokers.
do.
At banks
~__~~~_~~~~do.--Free credit balances at brokers:
Margin accounts
do
Cash accounts
do...

16,500
15,540

1

U75
1,525

585
1,855

' Revised.
v Preliminary.
i End of year.
2 Beginning Jan. 1974, does not include
noncorporate bonds and notes formerly included.
©Effective February 1976 SURVEY,
data revised to reflect: Annual review of seasonal factors; regular benchmark adjustment;
effect of changes in check collection procedures (Regulation J); and adjustments to include
new figures from internationally oriented banking institutions. Monthly revisions back to
1970 are in the Feb. 1976 Federal Reserve Bulletin.




10,068
9,267
801

SURVEY OF CURRENT BUSINESS

August 1977
Unless otherwise stated in footnotes below, data
througfi 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

1975

1977

1976

1976

Annual

S-21

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

FINANCE—Continued
SECURITY MARKETS—Continued
Bonds
Prices:
Standard <t Poor's Corporation:
High prade corporate:
Composited1
dol. per $100 bondDomestic municipal (15 bonds).. _ _ do_ .
U.S. Treasury bonds, taxable^

56.2
68.9

58.0
72.5

56.8
69.3

57.1
71.1

57.9
74.1

58.8
74.8

59.1
76.3

59.2
76.4

61.3
80.0

60.3
79.9

59.4
79.3

59.1
79.3

59.4
80.8

59.2
80.5

60.1
81.6

60.0
81.9

58.96

57.86

58.38

58.88

59.54

59.93

60.21

62.05

59.73

56.23

55.83

56.31

56.06

57.38

57.48

5,178.34 5,262.11

413.29

388.78

378.04

397.11

365. 41

387.33

519. 59

495.77

366.81

412.69

347.46

390.74

450.47

365.10

do...

Sales:
Total,excl. U.S. Government bonds (SEC):
All registered exchanges:
Market value
mil. $.
Face value
__
_
do
New York Stock Exchange:
Market value
do__.
Faco value.- do
New York Stock Exchange, exclusive of some
stopped sales, faco value, total
mil. $
Yields:
Domestic corporate (Moody's)§
percent
By rating
Aaa
do
Aa _
do
A
do
Baa
do
By group:
Industrials.
do
Public utilities
do
Railroads.
do
Domestic municipal:
Bond Buyer (20 bonds)
do...
Standard & Poor's Corp. (15 bonds)
do
U.S. Treasury bonds, taxable©

57.44

10,70S.85
9,345.90
9,070.20
10,302.08

9.57

9.01

9.16

9.08

8.93

8.79

8.71

8.66

8.47

8.41

8.48

8.51

8.49

8.47

8.38

8.33

8.83
9.17
9.65
10.61

8.43
8.75
9.09
9.75

8.62
8.89
9.24
9.89

8.56
8.81
9.14
9.82

8.45
8.66
8.98
9.64

8.38
8.54
8.81
9.40

8.32
8.48
8.73
9.29

8.25
8.46
8.69
9.23

7.98
8.24
8.53
9.12

7.96
8.16
8.45
9.08

8.04
8.26
8.49
9.12

8.10
8.28
8.55
9.12

8.04
8.28
8.55
9.07

8.05
8.28
8.55
9.01

7.95
8.19
8.46
8.91

7.94
8.12
8.40
8.87

9.25
9.88
9.39

8.84
9.17
8.85

8.96
9.36
8.88

8.90
9.26
8.81

8.79
9.07
8.75

8.66
8.91
8.66

8.58
8.83
8.54

8.54
8.77
8.48

8.33
8.61
8.39

8.24
8.59
'8.27

8.33
8.63
'8.26

8.36
8.66
'8.26

8.32
8.65
'8.17

8.30
8.64
8.12

8.23
8.53
'8.06

8.18
8.48
8.02

7.08
6.89

6.56
6.49

6.87
6.85

6.73
6.64

6.52
6.28

6.47
6.20

6.33
6.06

6.03
6.05

5.83
5.69

5.93
5.70

5.92
5.75

5.85
5.76

5.68
5.61

5.72
5.64

5.56
5.53

5.62
5.50

6.78

6.92

6.85

6.79

6.70

6.65

6.62

6.39

6.68

7.15

7.20

7.14

7.17

6.99

6.97

8.10

8.08

7.99

7.90

7.80

7.80

7.70

7.54

7.55

7.56

7.60

7.63

7.62

7.51

308.71
929.10
107.71
231.00

312.74
920. 31
110.49
240.75

311.38
916. 50
113. 63
237.48

311. 20
908. 20
117.11
230. 39

do...

Stocks
Dividend rates, prices, yields, and earnings, common stocks (Moody's):
Dividends per sharo, annual rate, composite
dollars
Industrials
_
do
Public utilities.
do
Railroads..
_ .__
do
N.Y.banks
do
Property and casualty insurance cos
do
Price per sharo, end of mo., composite
do...
Industrials
rtn
Public utilities
do
Yields, composite
Industrials
Public utilities
Railroads. _
N.Y. banks
Property and casualty insurance cos

percent
do
do
do
do
do

Earnings por share (indust., qtrly. at ann. rate;
pub. utll. and RR., for 12mo. ending each qtr.):
Industrials
dollars..
Public utilities _
do
Railroads..
do
Dividend yields, preferred stocks, 10 high-grade
(Standard & Poor's Corp.)
percent..
Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Transportation (20 stocks)
Standard & Poor's Corporation: cf
Combined index (500 Stocks).
1941-43=10
Industrial, total (400 Stocks) 9 .
do
Capital goods (111 Stocks)
do
Consumer goods (189 Stocks)
do
Utilities (40 Stocks)..
do
Transportation (20 Stocks)*
1970-16"
Railroads (10 Stocks)
1941-43 = 10
Financial (40 Stocks)*
1970=10
New York City banks (6 Stocks)" 1941-43=10""
Banks outside N . Y . C . (10 Stocks)
do
Property-Casualty Insurance (6 StockfO _do_.
r available

§

6.98

0)
(<)

(«)

0)

8.36

8.06

247.25
802.49
79.81
163.39

303. 91
974.92
92.28
214.03

304.34
985. 59
86.16
218.84

310. 90
993.20
90.31
225.92

307.85
981. 63
92.91
220.06

311.79
994. 37
96.63
219.55

300.04
951. 95
97.33
208.18

303.03
944. 58
99. 59
217. 53

317.
976.
105.
232.

03
86
33
43

317. 79
970. 62
108.88
232. 67

308.93
941.77
107.49
227.29

#
309. 63
946.11
106. 48
225. 94

86.16
96.56
94.63
81.18

102.01
114. 35
115.52
92.73

101. 77
114.50
117. 50
90.26

104.20
116.99
119.62
93.37

103. 29
115. 63
118.10
92.95

105.45
118.15
118. 84
94.75

101.89
114. 03
113.16
92.34

101.19
112.96
111.33
90.98

104.66
116. 33
114.30
92.90

103.81
115.17
113.12
91.21

100. 96
112.14
110. 71
87.93

100.57
111.88
111.52
86.85

99.05
109.89
110.76
84.03

98.76
109.10
109. 28
83.43

99.29
109.46
108.17
84.36

100.18
110.12
107. 09
85. 21

45.61
14.53
46.56
11.26
55.44
102. 61
94.44

47.49
14.96
47.75
11.83
55.13
104.45
102. 68

48.81
14.47
46.90
11.93
54.00
101. 30
111.72

50.63
14.33
46.59
11.96
51.96
C
98.13
113.52

50.18
13.58
44.89
11.53
49.40
94.65
113.33

50.55
13.99
46. 93
11.58
47.73
94.88
113. 66

53.01
14.97
50.48
12.42
51.25
106. 37
119.40

54.01
14.85
50.24
12.30
53.49
107.79
115.06

52.88
14.12
49.27
11.75
51.20
102.44
109.29

52.14
14.08
50.21
11.57
49. 34
100.68
107.00

52.57
14.38
52.83
11.41
47.94
97.47
108.19

53.68
15.00
54.14
11.59
47.63
96.14
117.06

55.29
14.82
53.06
11.74
47.61
95.30
121.39

56. 95
14. 08
f>3.12
12.11
o0.04
98.88
121.13

41.17

48.16

37.48

45.87

80*. 52
88.72

9?! 96
105.01

nUjTslwn latr
'
Revised yields by rating for Jan. 1974-Nov. 1976
cf Number of issues represents number currently used; the change in number does not




% Prices are derived from average yields on basis of an
affect continuity of the series,
assumed 3 percent 20-year bond. O For bonds due or callable in 10 years or more.
9 Includes data not shown separately.
*New series.

SURVEY OF CURRENT BUSINESS

S-22
Unless otherwise staled in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

1975

1976

1976

June

Annual

August 1977

July

Aug.

Sept.

1977
Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

FINANCE—Continued
SECURITY MARKETS—Continued
Stocks—Continued
Prices—Continued
New York Stock Exchange common stock indexes:
Composite
12/31/65=50..
Industrial
do
Transportation
do
Utility
do__-.
Finance
do
Sales:
Total on all registered exchanges ( S E C ) :
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.

54.23
60.70
40.41
35.16
51.82

55. 68
62.11
42.12
36.49
54.06

55.18
61.14
40.63
37.56
54.22

56. 29
62.35
40.36
38.77
54.52

54.43
60. 07
38.37
38.33
52.74

54.17
59. 45
39.28
38.85
53.25

56.34
61.54
41.77
40.61
57.45

56. 28
61. 26
41.93
41.13
57.86

54.93
59.65
40.59
40.86
55.65

54. 67
59. 56
40. 52
40. 18
54.84

53.92
58.47
41.51
40.24
54.30

53. 96
58.13
43. 25
41.14
54.80

54.30
58. 44
43. 29
41.59
55.29

194,969 14, 904
7,036
522

16,392
564

12,942
450

14,616
500

15,158
507

12,983
504

18,759
685

17,436
647

15, 794
575

15, 890
579

15,645
554

15,949
569

15, 619
617

12,618
426

13,671
452

10,983
362

12,451
405

12,736
408

11,089
413

15, 692
541

14,526
509

13, 309
457

13, 223
453

12,884
429

13,370
454

13, 254
504

502

398

435

403

426

484

450

822. 53
24,532

802. 50
24,612

795. 83
24, 681

800. 08
24, 787

788. 31
25, 092

828. 46
25, 428

815. 74
25, 668

54.46
60.44
39. 57
36. 97
52.94

45.73
50.52
31.10
31.50
47.14

157,260
6,221

1

1

133,684 ' 164,545
1
5,051
5, 649
4,693

5,360

417

394

347

415

685.11
22,478

858. 30
24, 500

809. 20
23, 263

806.82
23,709

810.06
23,924

827.05
24,080

381
809.44
24, 212

810.81
24,354

858. 30
24,500

54.94
58.90
43.52
42.44
57.29

FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
Exports (mdse.), Incl. reexports, t o t a l s
Excl. Dept. of Defense shipments
Season all y adj us ted
By geographic regions:
Africa
Asia
Australia nnd Oceania
Europe

mil. $.. 107,591.6
do
do

114,992.4 "9,859.3 '9,319.7

r

8,893.9 '9,215.5

107,130.4 114,802.3 "9,846.4 '9,315.1 8,824.3 '9,16o.9
'9,722.0 -9,956.3 •9,733.4 '9,795.8

10,084.2 '9,691.9 '10,784.9 I, 992. 7 9, 408.'

11,052.3 10,546.0 10,800.4 10,254.9 9,508.5

10,079.8 '9.686.7 '10,870.8 I, 975. 9 9,403.' 11,044.5 10,540.5 10,801.3 10,251.9 9,505. 3
'9,697.7 '9,593.6 '10,397.1 9, 598. 9 9, 807.1 10,071.6 9, 970. 2 10,394.0 10,112.3 10,149.8

do..
do.
do_.
do_

413.0
523.7
525. 9
483.6
4,948.9 5, 205. 9
371.2
417.0
510.3
429.4
449.8
471.9
452.7
513.6
28,223.2 29, 731. 2 2,448.9 2, 718.1 2,442.4 2,445. 7 2,571.6 2,400. 2 2,710.2 2,430. 5 2,367.5 2,825.0 2, 698.5 2,903.5
238.8
222.3
245. 2
241.2
195. 5
2,339.5 2, 689. 9
235. 3
267.1
230.6
217. 9
218.2
205.0
301.8
32,731.8 35, 902. 9 2,814.0 2,789. 5 2, 604.1 2, 736.0 3, 356.1 3,097. 7 3, 564. 8 2, 922.1 3,140.9 3, 507. 3 3, 358. 2 3,200.2

Northern North America
Southern North America
South America

do..
do_
do_

21,752.4 24,113.5 2,244.6 1,699.4 1,818.8 1, 993.1 2,075. 9
8,288.1 8, 367.7
692. 0
648.5
638. 8
750.3
651.3
8,802.6 8,600. 5
746. 2
679. 2
698.3
731.5
699.9

By leading countries:
Africa:
Egypt
Republic of South Africa

do_
do_.

682.7
1, 302. 4

810.0
1, 347. 8

57.3
138.1

73.3
120.2

64.2
107.2

72.9
128.7

66.1
100.4

55. 9
103.5

64.9
113. 5

60.2
88.7

76.8
128.9

121.3
91.5

104.9
87.9

102.3
95.4

do_
do_
do_.
do-

1,835.0
1,289.7
372.0
393.4

1,134.7
394.3
535.6

224.7
62.7
16.3
54.1

185.0
105.6
22.6
44.4

167.7
96.0
48.5
64.2

189.6
129.2
42.5
59.9

182. 3
107.2
41.7
47.6

195. 5
79.7
25.1
47.8

224.1
80.3
28.7
46.9

161.1
57.1
23.5
44.2

199.5
39.9
14.1
40.5

202.2
74.3
31.9
41.8

201.1
39.4
35.7
44.5

180.0
87.1
48.3
38.8

810.1 1, 036. 0
831. 5
818.6
9,562.7 10,143. 9

67.8
61.1
858.9

64.1
70.4
954.7

84.3
69.3
834.8

96.1
68.3
813.9

87.7
99.4
897.1

55.7
61.7
915.3

92.9
54.5
894. 8

57.5
58.2
899.2

58.7
78.3
914.3

72.9
71.0
976.9

04.9
01.7
859.7

50.5
09.8
901.7

289.6

265.1

239.6

266.6

354.2

285. 0

295.0

271.8

317.7

333.3

319. 0

311.8

4.2

4.3

4.8

.0

2.1

543.2

539.8

550.1

307.9
223.6
485. 9

289.8
239. 8
460. 9

254. 9
104. 9
450.3

Asia; Australia and Oceania:
Australia, including New Guinea
India
Pakistan
Malaysia
Indonesia
Philippines.
Japan

Europe:
France
do
3,031.0
German Democratic Republic (formerly E.
Germany)
mil. $..
17.3
Federal Republic of Germany (formerly W.
Germany)
mil. $_. 5,194.1
Italy
Tinion of Soviet Socialist Republics
United Kingdom
North and South America:
Canada

do_... 2, 866.9
do
1,834.6
do
4,527.4
..do.

3,448.9
64.9

2.3

1.6

8.5

6.8

8.1

, 070. 3 2, 053. 8 1,891.4 2,012.8 2,500. 4 2,200. 7 2,438.5
584.8
730.5
074. 5
087.1
562.5
662. 4
778.2
650.8
748.4
717.9
772.0
619. 4
742.7
906.3

6.9

3.6

5, 729. 8

401.7

379. 7

417.4

419.6

608.9

570.1

606.2

471.4

484.6

3, 068. 4
2, 308. 2
4,798. 5

277.7
183.3
364.5

225.1
195. 3
429.9

194.4
136.5
360.5

236.9
104.5
395.9

306.7
122.1
469.7

269. 0
174.2
381.6

277.0
172.4
454.0

229. 3
179. 6
411.3

255.1
196.0
446.5

21,743.9 24,108. 9 2,244. 2 1, 699. 0 1,818. 7 1,992.7 2,075.4 2,070.0 2,053. 7 1,891.2 2,012.7 2,500.1 2,200. 3 2,438.1

Latin American Republics, tytal 9
do
15,655.0 15, 492.1 1,349. 9 1, 310. 6 1, 243.1 1,202.1 1,219.3 1,267.5 1,543. 7 1,063.2 1,113.1 1,320.5 1,320.8 1,305.7
38.1
55.2
52.5
46.5
57.2
44.4
102.5
39. 6
51. 7
Argentina
do
39.0
41.2
543.7
628.3
39.9
195.1
182.4
210. 9
177.1
233. 9
227.4
221.1
211.9
200. 8
Brazil
__ do
240.3
229.8
3,056. 2 2, 809.1
254.0
30.1
48.6
40.2
46.1
35.8
46.6
58.7
42. 6
62.1
Chile
do____
63.2
40.6
533. 4
507.7
40.8
46.8
76.4
07.7
43.1
61.5
53.7
85.5
54.4
56. 6
Colombia
do
55.1
66.7
643.0
69.9
702.7
312.1
408. 9
373. 0
294.1
301.3
371.4
436. 6
Mexico
do
405.3
367.4
358.1
451. 5
414.0
5,141.3 4, 989. 5
223.6
240.8
247. 0
250. 0
210.3
278.1
205.0
190. 9
Venezuela
do
234.8
234.4
265. 7
216.2
2, 243. 3 2, 627. 8
Exports of U.S. merchandise, totald 1
Excluding military grant-aid
Agricultural products, total
Nonagricultural products, total

do—_ 106,102.1 113,323.1 9,727.0 9,178.6 8,763.3 9,058.0 9, 929. 7
105,641.0 113,133.0 9,714.0 1), 174.0 8,693.8 9,008. 3 9, 925. 3
'98. 6 1,759. 6 .,796.9 2, 250. 7
"do""_ 21,885.7 22, 996. 3 1,823.8
T
. . d o — . 84,216.5 90, 326. 8 7,906.9 7,390. 5 7,004.9 , 261.1 7,679.0

9,534. 9
d, 521). 7
2,120. 9
7, 414. 0

10,610.1
10,606.0
2,081. 4
8,528. 6

8,834.3
8,817.6
1,906.8
6, 927.5

By commodity groups and principal commodities:
Food and live animals 9
mil. $__ 1-5,484. 3 15, 709. 7 1,281.3 1,357. 9 1, 367.0 1,321.6 1,515.9 1, 299. 2 1,220.8 1,077.0
54.4
65.4
69.0
78.0
63.5
65.2
Meats and preparations (incl. poultry) do
67.6
55.8
527. 7
798.0
679. 4
916. 9 1,046.0
770.8
983.7
852.7
Grains and cereal preparations
do
963.3
886.4
11,641.7 10,910.9
Beverages and tobacco

do

1, 308. 4

1, 523. 3

89.7

78.4

101.5

768.9
875.1
803.7
9, 783. 6 10,891.4
85.9
89.0
80.1
991.2 1,048.7
150.2
265.8
189.9
2, 865. 2 3, 315.4
108.2
110.9
134.9
1, 355. 2 1, 284. 5
'Revised.
i Annual total reflects revisions not distributed to the monthly data.
cTData may not equal the sum of the geographic regions, or commodity groups and principal
Crude materials, inedible, exc. fuels 9
Cotton, raw, excl. linters and waste
Soybeans, exc. canned or prepared
Metal ores, concentrates, and scrap




do
do_I__
do
do

131.1

149.7

120.5

191.9

166.3

9, 275. 7 10,857. 2
9, 270.7 10,849.3
2,045.9 2, 293.1
7, 229.9 8,564.1

10,348.1 10,074.0
10,342.0 3,009.0
2,208. 9 2,199. 4
8,139. 3 8,474. 7

, 114.1 1, 287. 7 1,232.0
60.7
65.4
04. 9
741.6
801. 9
780.1
133.7

157.2

112.0

1,241.8
823.5 1,049.4 1,118.2 1,101.9 1,040. 8
126.2
189.3
181.5
189.4
115.4
80.7
93.9
130.4
369. 3
518.4
433.9
455.1
151.5
386.3
401.8
448.7
93.5
101. 4
73.8
104.5
94.6
125.7
102.8
100.7
commodities, because of revisions to the totals not reflected in the
9 Includes data not shown separately.

232. 2 1,145. 9 1,161.9
09. 2
755. 7
128.8
,310.8
143.0
528.1
110.0

142.5

150. 0

,051.0

908.7

component items.

S-23

SURVEY OF CURRENT BUSINESS

August 1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are a s shown
in the 1975 edition of BUSINESS STATISTICS

1976

1975

June

Annual

1977

1976
July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

290.4
180.6
101.0

397.3

432.3
284.3
134.1

398.1

397.8

FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF EXPORTS—Continued
Exports of U.S. merchandise—Continued
By commodity groups and principal commodities—Continued
Mineral fuels, lubricants, etc. 9
mil. $.
Coal and related products
do...
Petroleum and products
do._.

4,469. 5 4,226.1
3,343.0 2,98
D07.9
997.9

403.8
314.4
72.5

347.4
241.4
91.2

304.8
214.4
75.2

387.8
291.7
82.9

407.
294.4
90.9

379.1
270.3

361.1
234.0
110.0

217.3
122.3
80.7

267.8
158.3
97.9

280.9
97.3

Animal and vegetable oils, fats, waxes

do.

978.1

78.3

91.5

83.1

94.8

77.3

94.8

134.5

10G.1

127.3

122.5

129.3

Chemicals

do.

8,691. 2 9, 958.2

840.8

850.7

839.8

785.4

816.3

827.

930.7

809.3

910.0

943.1

903.3

918.8

918.9

957.9

do.
do.
do.
do.

10,919.2 11,204.8
1,624.5 1,970.0
2,457.0 1, 906.
1,090.0 1,088.4

959.
169.2
157.8
88.1

898.4
150.6
174.
90.4

892.8
147.6
165.1
96.

910.0
171.4
153.0
89.6

906.7
174.4
140.5
97.0

904.8
170.5
147.6
92.0

996.6
17
167.9
95.

871.0
159.5
130.1
87.3

926.0 1,035.7
185.6
170.7
147.1
140.6
95.0
79.9

, 003.9 1,002.1
104.
175.
139.1
157.3
100.4
103.8

981.0

890.8

-

Manufactured goods 9^1
Textiles
Iron and steel
Nonferrous base metals

943.8

79.0

Machinery and transport equipment, total
mil. $. 45,667. 6 49,509. 9 4,395.5 3,970.1 3,728. 9 3,846. 6 4, 229.0 4,067.7 4,833. 8 3,824. 5 3,869. 2 4,819.7 4,416.1 4,033.0 4,325.9 3,808. 0
Machinery, total 9
do__. 28,477.1 31,289.0 2,668. 7 2, 678. 0
2,491.5 2,726. 9 2,530.4 2,857. 5 2,520. 3 2,545.5 3,009. 5 2,789.1 2, 820. 8
Agricultural
do._. 2,092. 2 2,107. 7
152.2
165.4
143.1
186.5
181.2
133.3
196.2
183.2
162.4
100. 3
150.2
161.1
Metal work ing
do...
62.2
67.8
62.6
66.2
87.2
64.3
67.0
949. 2
918.2
GO. 0
78.8
86.
75.1
62.1
Construction, excav. and mining
do _. 4,733. 8 4,945.1
362.6
359. 9
469.4
356.4
442.5
380.3 415.3
410.3 401.3
374.8
441.
401.5
Electrical
do__. 7,582. 0 9, 278. 0
764.7
759.0
814.2
769.2
755.3 766.6
960.5 879.4
733.2
851.0
844. 2
892.0
870. 7
833.3
Transport equipment, total..
d o . . . 17,190. 5 18,220. 9 1, 727. 0 1,292.0 1, 363. 6 1, 355.1 1,502.1 1,537.3 1, 976. 1, 304. 2 1,323.7 1,810.2 1,627.0 1,800.8 1,572.2 1,240. 8
Motor vehicles and parts
d o . . . 10,028.2
868.7
884.1
887.9
733.0
988.5 1,150.5
915.2
997.6 1,018.1
1,182.8
10,949.1 1,009.9
Miscellaneous manufactured articles
d o . . . 5, 672. 7
518.1
556.8
537.5 508.0 544..
001.4
541.4
560.1
022.3
611.0
048.1
558.2
654.4
6,572. 3
Commodities not classified
d o . . . 3,162. 0
232.9
215.2
215.7
248.2
191.3
267.3
191.2
267.5
205.:
305.7
244.4
292.5
2,749.4
VALUE OF IMPORTS
General Imports, total
Seasonally adjusted
By geographic regions:
Africa
Asia
Australia and Oceania
Europe

do._. 96,116.0 120,677.6 10,579.' 10,563.' 10,453.
10
10,717.: 10,477.
do._.
do
do....
do
do"""

Northern North America
Southern North America
South America

do
do
do

By leading countries:
Africa:
Egypt
Republic of South Africa

do.
do.

Asia; Australia and Oceania:
Australia, including New Guinea
India
Pakistan
Malaysia
Indonesia
Philippines
Japan

8, 304. 6 12,639. 3 1,106.0 1, 228. 9 1,158.
27,054.6 39.366.1 3,414.8 3, 589. 0 3, 725. 5
150.1
177.4
140.7
1,508.2 1,671.1
21,465.9 23.640.2 2,022. 3 1, 985. 8 1,988. 4
1,754.7 26,246. 9
8,821.6 9,347. 5
7,219.3 7,760.5

27.5
840.9

9.
66.2

13.5
95.8

26.9
106.7

114.5
66.0
6.2
88.0
285.3
80.6
354. 5

120.5
49.4
5.7
72.0
304.2
83.5
, 407. 8

105.3
59.4
5.0
98.3
261.6
109.2
330.4

127.6
54.5
3.5
64.4
199.4
62.9
, 296.7

217.9

213.8

177.4

1.7

1.1

1.2

467.9
230.0
21.9
333.7

432.9
240.8
23.6
378.3

421.0
187.3
18.6
371.8

1.1
95.8

5.9

d o . . . 1,183.0 1,285.7
do
548.2
708.2
do...
48.8
69.8
do
766.4
939.6
d o . . . 2,220.6 3,004. 3
doIII
754.2
882.9
d o . . . 11,268.0 [5,504.2

124.9
65.7
5.8
97.8
222.3
55.7
399.4
206.5

2,136. 9 2,509. 3

99.4
96.4
47.7
55.8
61.3
4.4
5.9
5.1
101.3
90.0
107.7
306.4
273.1
334.5
71.5
79.2
82.3
411.6 ., 197.7 1,541.6

83.8
65.4
5.2
82.4
306. 7
93.2
,411.9

97.8
72.2
4.0
113.8
240.3
75. 0
, 545.4

204.6

294.8

230.3

233.0

191.7

242.1

217.9

253.4

1.1

1.5

.9

1.1

1.3

1.8

482.0
190.5
19.9
368.4

541.7
214.4
20.4
356.5

538.1
238.1
16.6
383.2

523.1
207.9
12.8
341.8

444.2
209.5
15.8
310.0

577.0
310.7
30.8
492.2

572. 0
2f)5. 0
23.0
434.9

589.5
240.1
22.0
422.3

!, 337.4

!, 436. 9

491.7
214.5
26.3
376.9

21,746.7 26,237.6

, 330.8

175. 9 !, 057.7

, 285. 7 1,171.5

.1,839.8 3,226. 6
214.6
307.9
736. 6
i in i i d o : 1,464.3 1, 221.6
137.7
c h i l " " i n i
Colombia
do
590.2
654.8
Mexico
IHIIII.IIdoIII 3,058.6 3,598.1
Venezuela
I d o l " . 3,623.9 3,574. 4
By commodity groups and principal commodities:
Agricultural products, total
mil $
9.489.8 1,178.7
Nonagricultural products, total
do..I! 16,650.5 09,498.7
Food and live animals9
do..
8,503. 3 L0,267.4
Cocoa or cacao beans
__ _ I do
321.1
357.9
Coffee..
IldoIII! 1,560.9 2.632.3
Meats and preparations _
do
1,141.2 1,447.0
Sugar
IllldoIIi; 1,870.1 1,154.0
Beverages and tobacco
do_.
1,419.5 1,623.7

, 193.8
26.2
135.2
22.6
58.6
330.4
294.9

142.4 ., 095.1
28.2
25.4
146.8
180.5
16.2
20.3
44.0
43.2
275.3
274.9
336.2 305.6

065. 9
32.1
140.2
25.7
54.3
266.0
293.4

,038.2
, 540. 0

914.6
960.5
, 603. 3 i, 538. 5

' Revised.

, 264. 7
29.5
210.5
16.6
62.9
356.5
304.5

,397. 7
30.5
209. 6
22. 6
69. 9

361. 1
396. 3

985.4
380.4
30.6
238.9
22.4
83.2
325.3
386. 9

76.3

1.8

, 183.4 2,721.4
!, 504. 5
,369.5 1,608. 5 , 554.1 , 308.1
27.7
28.4
20.4
26.6
211.1
181.2
182.8 242.3
13.0
34.2
20.8
18.8
99.5
06. 0
53.3
97.3
369.1
38(5. 4
431. 5 402. 2
349.7
255. 9
354.2
478.0

980.2
31.3
239.9
149.3
121.8

903.4
26.4
276.7
127.9
90.8

33.8
249.1
111.8
120.0

136.2

123.0

104.9

123.5

139.1

137.9

155.4

7,013.8
2,250. 8
1,275. 5
249.3
520.0

652.3
246.6
115.8
17.8
49.6

649. 8
220.3
108.6
21.8
45.9

619.5
232.2
112.5
19.3
33.2

678.6
246.0
106.2
17.6
56.0

602.4
202.9
102.3
22.2
40.2

578.3
171.3
102.0
18.9
41.6

668.1
225.6
102.4
23.8
54.9

545.0
139.0
91.9
19.3
56.2

547.0
126.4
111.6
16.5
45.3

639.1
116.1
117.5
21.6
67.2

020. 0
150.9
102. 5
18.2
58.5

081. 5
207. 9
100.0
27.3
41.2

775. 9

!6,475.6 !3,996. 2
!4,814. ? U, 794. 5
553.9
463.9
3.695.9 4, 771.8

:,835.8
659.8

036.8
877.6
34.2
385.9

164 6 !, 959. 6
987.5 !, 784. 5
35.6
43.2
368.3 368.4

823.1
609.6

069.9
854.8

332.8
115.2

512.6
296.8

232.9 4, 679. 7
032.3 4,437. 5

005. 0
844. 5

208.9
992.1

008.9

531. 4

18.6
471.6

62.2
473.9

50.0
453.6

53.2
402.1

52.9
407.1

45.0
517.1

30.0
475. 4

42.1
481.0

09.7
505.5

42.0
414.3

14,702.5 .7,615.2
4,594.5 4,346. 6
1,427.3 1.742.4
2,580.7 3,500. 8
1,218.6 1,634. 8

649.6
411.4
161.0
362.4
138.5

606.8
455.8
166.8
258.7
145.3

629.0
437.8
157.2
324.3
143.4

498.0
374.9
134.0
272.4
141.2

397.0
318.5
144.7
250.4
133.2

,773.9
366.6
171.0
349.8
150.7

073. 9
355. 0
142.8
358. 3
144.7

850.0
528. 9
147.4
339.1
139. 9

9 Includes data not shown separately.




,062.5
29.5
120.9
16.4
39.8
281.0
306.9

95.0

, 124. 6 , 142.5 1,343.1 404.3 , 279. 9
, 808. 3 ,362.6 12, 208. 6 1,030.3 0,020.4
008.1
042.3 1,214.1 325. 0 , 182.3
57.2
46.9
44.1
41.0
70.0
401.6
385.0
478.5 519. 0
389.1
88.7
109.5
114.3
114.5
109.5
45.4
86.5
62.1
82.9
87.9
128.1
117.8
156.4
142.7
119. 5

do
5, 566.2
"do
1,976.7
do
1,067.5
do"""
174.4
364.7
dn

Mineral fuels, lubricants, etc
do
Petroleum and products
Illldol!
Animal and vegetable oils and fats
do
Chemicals
Illllldo"
Manufactured goods 91f
_
do
Iron and steel
do"
Newsprint
_
doT
Nonferrous metals
I
do"
Textiles
.—_IIIIIIIIIIIIIIdo:

1.0
74.6

117.3
127.0
53.3
48.
5.7
5.3
105.7
83.1
296.6
250.2
92.1
100.5
, 426. 9 , 412. 8

5,591. 2
2,529. 7
220.2
4,253. 7

Crude materials, inedible, exc. fuels 9
Metal ores
Paper base stocks
"I
Textile fibers
'_"'_'_'_
Rubber

1.1
76.0

, 184.6 2, 732. 5 !, 482. 3 2,504.0
958.2 1, 273. 2 ,095.0
905. 7
816.7
720.1
934.6 825.0

18.7
115.1

5,381.5
2,397.1
254.4
3,784.4

do.

, 986.6
925.7
870.5

17.1
104.0

13.6

Latin American Republics, total 9 _ .do
Argentina
_ do
Brazil
_
"do"

, 438. 7
912. 9
863.6

2.1
90.3

11.2

North and South America:
Canada

11,859.8
12,470.1

22.4 1, 274. 7
1,106. 6 1,098. 7 1.110.3 1,333. 3 1, 244.0 1,197.7 1,610.1
3, 601. 6 3, 312. 8 3,714. 5 3,578. 3 3, 759. 7 3,299.7 4,209.8 3,871.1 4,004. 3
105.3
' 152.3 151. 3
130. 8
144.5
128.3
122. 5
160.7
153.0
1,865. 1, 950. 2,166. 7 2,162. 3 2,040.8 1,903.2 2,67'
2,309. 5 350.5

, 331.0 2,177.0 2,058. 9 2, 286. 2 2,171.7 2.338.4
711.
883.0
747.3
715.3
710.4
836.0
659.0
643.1
657.6
694.7
643.
742.4

92.5
924.8

Europe:
France
do
German Democratic Republic (formerly E.
Germany)
mil. $
Federal Republic of Germany (formerly W.
Germany)
mil. $.
Italy
do
Union of Soviet Socialist Republics,., do
United Kingdom
do..

10,384. 10,023.: 11,061.6 11,450.2 10,932.9 10,505.2 13,551.' ^2,434.0 11,900.3 13,509.
10,651.1 10,555.: 10,622.9 11,020.4 11,268.' 11,673.7 12,459.0 .2,593.3 11,015.9 12,932.

30.1
388.1

909.4
817.6
990.0 , 106. 0
, 476. 0 , 222. 3 L0,071.7 0,344.2
851.2
30.9
151.9
121A

132.4

776.5
14.3
164.9
122.8
99.7

547.8 1,538. 0 558.1
520.1
352.2 371.5
398.0
393.3
164.7
168.4
157.9
147.6
322.5 320.3 305.0
285.2
142.1
122.2
128.6
128.8
\ Manufactured goods-classified chiefly by material.

924.3
23.8
294.9
110.1
55.5

,031. 4
31. 7
343. 7
90. 9
86. 2

938.9

152.3

112. 5

701.9

SUEVEY OF CURKENT BUSINESS

S-24
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

1975

1976

1976

Annual

August 1977

June

July

Aug.

Sept.

1977
Oct.

Nov.

Jan.

Dec.

Feb.

Mar.

Apr.

May

June

July

FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE O F IMPORTS—Continued
General imports—Continued
By commodity groups and principal commodities—Continued
Machinery and transport equipment
mil. $__ 23,457.2 29,823.9 2,612.5 2, 461. 8 2,307. 2 2,445.0 2, 354.4 2, 723. 7 2, 795.4 2,569. 3 2,504.5 3,151.4 2,864.5 2,951.0 3,294. 0 2,881.7
11,727.4 15,183. 7 1, 245. 5 1, 380. 7 1,310.0 1,290.1 1,343.2 1,429.3 1,452. 5 1,311.6 1, 229. 7 1,527.3 1,363.8 1,477.8
Machinery, total?
do
40.7
35.8
33.5
30.5
34.4
32.2
30.1
29.6
361.5
40.6
31.6
361.8
28.0
28.5
Metalworking
do
687.8
12.5
676.3
563.7
609.1
G24. 5
12.9
'46.8
4,911.2 7,424.2
674.8
631.2
681.7
693.8
Electrical
do
Transport equipment
Automobiles and parts

do.
do..

Miscellaneous manufactured articles

do

Commodities not classified

do

11,737.2 14,640.2 1,367.0 1,081.1
997.2 1,154.9 1,011.1 1,294.3 1,343. 0 1, 257. 7 1,274.8 1,624.1 1, 500. 7 1,473.2
1,132.0 1,153.6 1,465.0 1,340.9 1,325. 5
1,173.8
9, 920.7 13,103.9 1,248.3
999. 9
874.7
1,228. 8
949.2
891.9
1,045.9 1,002. 2 1,169.6 1,047. 3 1,125. 2 1,328.5 1,294. 9
1,231.3
9,224. 4 12,563.9 1,098.7
1,215.3 1,123.4
1,114.2
1,194.7
1,101.0
204.9
235.6
295.2
205.3
170.6
201.5
201.4
253.4
196.4
233.5
2,517.6 2,537.7
218.9
220.1
226.5
216.4

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

195.1
176.7
344. 9

r
r

202.1
182.7
' 369.1

201.3
189.1
380.5

201.9
178.1
359.6

202.6
168.0
340.4

206.1
171.1
352.7

206.7
188.0
388.6

207.3
180.0
373.1

209.1
198. 6
415.3

209.0
165.2
345.3

208.1
174.4
363.0

211.3
201.1
424.8

212.2
190.9
405.0

213. 4
195. 7
417. 8

212. 6
184.9
393.0

241.2
149.4
360. 5

r
r
r

248.8
182.1
452. 9

249.0
192.2
478.5

250.5
189.3
474.2

251.6
186.5
469. 4

252.9
185.1
468.2

253.4
177. 9
450.8

253.7
196. 3
498.0

255. 4
201.8
515.4

259.2
189.7
491.7

260.3
181.5
472.4

267.3
228.0
609. 5

265.5
210.4
558.6

272. 6
196. 7
536.1

268.7
227.3
610.9

thous. sh. tons.. 269,182
mil. $_. 61,408

283,174
64, 715

21,861
5,377

24,326
5,455

23, 291 24,076
5,074 5,210

26,017
5,811

25,608
5,605

24,036
0,023

18,358
4,982

20,251
5,342

thous. sh. tons.. 427,865
mil. $_. 63,469

517,449
81,171

44,644
7,194

47,741
7,311

48,796
7,349

47,437
7,051

44,092
6,760

46,144
7,409

49,169
7,770

48,422
7,813

42,517
7,128

Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight
Value
General imports:
Shipping weight
Value

TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers (Scheduled Service)
Certificated route carriers:
Passenger-miles (revenue)
bil.
Passenger-load factor§
percent.
Ton-miles (revenuo), total!
mil.
Operating revenues (quarterly) 9 O
Passenger revenues
Cargo revenues
Mail revenues
Operating expenses (quarterly)©
Net income after taxes (quarterly)©
Domestic operations:
Passenger-miles (revenue)
Cargo ton-miles
Mail ton-miles
Operating revenues (quarterly)©
Operating expenses (quarterly)©
Net income after taxes (quarterly)©
International operations:
Passenger-miles (revenue)
Cargo ton-miles
Mail ton-miles
Operating revenues (quarterly)©
Operating expenses (quarterly)©
Net income after taxes (quarterly)©

162.81
53.7
22,186

178.99
55.4
24,121

16.21
58.9
2,146

506
vU, 267
P\, 497
*>328
»16,783
415

4,390
3,595
377
76
4,113
210

mil. $.
do.. _
do
do...
do...
do.-.

15, 356
12,354
1,310
311
15,228
-72

bil.
mil.
do.__

131.73
2,747

145.27
2,909
719

13.07
257
55

mil. $_
do...
do...

12,020
11,902
-46

*13,901
»13,326
331

31.08
2,048
426

33.72
2,187
407

3.15
179
34

mil. $_
do...
do...

3,336
3,326
-25

»3,605
»3,457
120

894
866
44

.mil.

5,643

5,690

'467

99
2 9,703

99
211,362

100
2,814

239
177

18.15
61.5
2,3 38

3,246
166

bil.
mil.
do...

17.72
60.6
2,301

P17,

14.19
52.6
1,947

14.32
52.9
1,990

14.48
249
54

11.20
247
58

3.67
187
32

3.00
191
31

15.46
54.7
2,098

15.39
55.6
2,057

15. 34
' 54. 0
^20.60

12.23
211
57

10.72
213
56

12.83
265
66

12.59
250
63

12.31
v 259

' 13. 69

2.87
146
30

222
153
30

263
185
35

280
171
34

*>303
*173
v 35

332
p 172
p 35

465

577

463

P4,

Pi, 304

11.66
255
64

10.74
238
64

3,739
3,439
185
3.69
193
32

' 17. 02
*>57.6
> 22. 40

12.94
51.0
1,747

428
,542
^405

4,815
3,957
384
74
4,364
272
14.03
248
55

15.19
54.6
2,066

15.09
53.8
1,952

474

12.99
51.9
1,832

12.56
245
84
P3,
PZ,

206
32

2.25
194
36

13.57

P272

568
455
51

2.63
172
47

1,076
924
87

Urban Transit Systems
Passengers carried (revenue) _

Motor Carriers
Carriers of property, large, class T, qtrly.:*
Number of reporting carriers
Operating revenues, total
mil. $_.
Net income, after extraordinary and prior period
charges and credits
__
mil. $..
Tonnage hauled (revenue), common and contract
carrier service..
mil. tons..
Freight carried—volume indexes, class I and IT
intercity truck tonnage (ATA) :
Common arid contract carriers of property
(qtrly.) cT
average same period, 1967=100.
Common carriers of general freight, seas, adj.'
1907=100.
Class I RailroadsA
Financial operations, qtrly. (AAR), excl. Amtrak:
Operating revenues, total © 9
mil. $.
Freight
do._.
Passenger, excl. Amtrak
do...
Operating expenses ©
do_
Tsx accruals and rents
do_
Net railway operating income
do.
Net income (after taxes) ©
do.
r

437

435

341

90

54

199

53

471

100
3,030

51

121

137

153.4

16,357
15,346
297

18,560
17, 422
330
14,948
3,182
430
1273

141

138

152.3

100
2,904

4,766
4,475
81
3,779
838
149
U52

154.8

4,685
4,390
84

M,417
M, 159

4,742
4,448
83

3,765
805
114

»3,404
h
740

3,864
776
102
121

154.8

'3, 225
,722
,191
* i 114

Revised.
r> Preliminary.
i Before extraordinary and prior period items.
Annual
total; quarterly revisions not available.
9 Includes data not shown separately.
\ Applies to passengers, baggage, cargo, and mail carried.
§ 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.
* New Series. Source: I C C (no comparable d a t a prior to 1972).

& Indexes are comparable for the identical quarter of each year (and from year to year).

127
154.0

155. 3

f4,138
*3,883
*75

155.4

2




471

99
3,040

131.7

13,207
2,799
351

440

153.0

! 236

159.5

165.6

165.5

166.4

166. (

165.!

4,738
'4,110
»3,543

3,902
825
107
-29

AEflective 1976, defined as those with a n n u a l revenues of $10 million or more; restated 1975
d a t a reflect changes.
© N a i l . Railroad Pass. Corp. (Amtrack) operations (not included i n
A A R data above), 1975 and 1976 (mil. $): Oper. revenues, 235; 287; net loss, 353; 469 ( I C C c
a
Domestic t r u n k operations only (domestic t r u n k s average about 90% of total domesti)
b
operations).
1st qtr. 1976.
« 3d q t r . 1975.
* 4th qtr. 1975.
t Effective Mar. 19<<.
S U R V E Y , revised back to 1957 to new trading day and seas. adj. factors.

SUEVEY OF CURRENT BUSINESS

August 1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in (he 1975 edition of BUSINESS STATISTICS

1975

1977

1976

1976

Annual

S-25

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Mar.

Feb.

Apr.

May

June

July

TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION—Continued
Class I RailroadsA—Continued
Traffic:
Ton-miles of freight (net), total, qtrly
Revenue per ton-mile
Price Index for railroad freight
Passengers (revenue) carried 1 mile

778.4
754. 6
2.043
169. 4
9 765

822.5
794.9

118
28.76

127
31.32

60

63

20.98
64

22.48
67

8,050
8,177
6 176
5,326
2,334
60, 527

7,700
7,755
6,264
5,382
2,817
60,521

mil $
do
do
do
do
mil

32,070
15,256
12,692
20,664
5,792
132.3

mil $
do
do

504 8
403.9
70.7
315.9
223.6
74.6

bil__

cents
1969=100..
mil

212.3
203. 6
2 2.173
187.4
2
5 178

208.9
203 7

213. 6

3 GO. 4

191.1

191.1

191.6

198.0

198.0

198.2

198.3

198.2

198.2

198. 4

127
32 07

138
33.43

122
32.54

128
31.46

114
34.45

122
33.71

145
33.92

68

72

63

22.07
60

46

57

63

67

21.88
50

23.15
61

23.66
71

144
35. 72
70
24.29
72

147
34.89
71
25. 07

468
578

588
552

447
146
4,847

535
496
408
374
172
2,608

452

493

405
183
1,849

399
207
1,698

23.27
65
511
,549
354
304
^22
1,971

128
34. G9
G4
24. 00
70
G45
646
480
399
357
3,691

643
733
488
419
354
4,567

710
853
572
402
371
8, 252

3 116
1,459
1 231
1,949
604
136.8

3,156
1,475
1,251
2,009
590
137.7

3,151
1,474
1,242
2,031
576
138.1

3,174
1,438
1 259
2,173
497
138.5

'3,222
1,488
'1 295
'2,033
587
138. 9

'3,159
'1,488
'1 21G
'1,985

3, 3G4

f>8">
139.9

3,3G0
1 531
1,288
2, 224
399
140.3

3, 304
1 545
1, 3f>l
2,142
GO 7
140.1

43 9
37.7
3.9

44 7
35.0
6.9

43 7
33.9
7.3

44.1
34.5
7.1

45.1
36.7
6.0

43 2
34.4
6.2

43 3
33.7
7.1

29.6
22 5

29.6
22 8

29.8
20 7

30.1
20 2

29.8
21 0

30.6
23 6

31.1
21 3

29.8
21 0

4.9

5.0

7.4

8.1

6.8

4.7

7.6

7.1

78
792
179
33

82
794
183
33

93
883
203
39

104
901
214
38

97
8G7
200
41

131
791
63
103

138
797
58
107

159
896
65
101

168
882
'61
117

160
888
G
G
118

50
47

58
48

68
60

61
57

GO
GO

206.8
197 0

187.4

187.5

187.6

137
30.71

148
31.34

128
32.16

67

64

69

23.30
74

24.04
75

22.84
69

23.36
70

711
757

683
705

687
594

576

491

449
345
7,780

825
898
742
591
263
11,383

23.45
78
936
766
746
723
227
10,923

516
189
6,498

36 602
16, 621
14 618
23,321
6 679
138.5

3,062
1,415
1,238
1,911
578
135.4

3 054
1,410
1 225
1,907
574
135.8

3,137
1,437
1 283
1,992
576
136.0

527 7
423.0
75.4

45.3
36.3
6.6

43 6
35.3
6.0

349 5
256 3
71.9

30.1
21 3
7.5

186.6

207 7
19"). 5

5 202.1

* 189.5

r

Travel
Hotels and motor-hotels:
Restaurant sales index
same month 1967=100..
Hotels* Average room sale^I
dollars
Rooms occupied.. _. . . . . % of total.
Motor-hotels: Average room salei
dollars,.
Rooms occupied
% of total..
Foreign travel:
U.S. citizens: Arrivals©
thous..
Departures©
._
do . . .
Aliens* Arrivals©
do
Departures©
..
do . .
Passports Issued
do
National parks, visits§
do

1

604

618
625
472

347
330
2,417

288
12,107

COMMUNICATION
Telephone carriers:
Oneratinc revenues 9
Station revenues
Tolls message
Operating expenses (excluding taxes)
Net onenitintr income (after t'i\es^
Phones In service end of period
Telegraph carriers:
Domestic:
Operating revenues
Operoting expenses
Net operating 1
revenues (beforo taxes)
Overseas, total:d
Operating revenues
Opernting expenses
Net operating revenues (beforo taxes)

do
do
do

578

139. 5

l', 391
2,103

CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
Production:
Aluminum suJfate, commercial (17%AlaOs)*.
thous. sh. tons..
Chlorine gas (100% Clj)t
do
Hydrochloric acid (100% IICl)j
do
Phosphorus, elemental t
do
Sodium carbonate (soda ash), synthetic (58%
NajOt
thous. sh. tons.
Sodium hydroxide (100% NaOIDJ
do....
Sodium silicate, anhydrous}:.do
Sodium sulfate, anhydrous!
do
Sodium trypolyphosphate (100% NajPsOio)}
do....
Titanium dioxide (composite and pure)*., --do
Sulfur, native (Frasch) and recovered:
Production
thous. Ig. tons..
Stocks (producers') end of period
do

1,163
9,104
1, 989
450

1,090
10,060
2,428
426

90
829
210
35

100
841
217
36

100
853
207
32

83
861
214
32

92
874
194
33

92
853
199
33

2,802
9,583
724
1,227

2,243
10,144
786
1,258

209
846
62
100

171
855
53
108

161
844
60
107

132
836
75
102

160
876
66
105

180
862
68
116

770
603

730
716

60
63

54
57

63
58

59
56

65
57

63
53

10,180
5,126

1 9,402
5,563

794

794

766

750

5,505

5,576

5,531

5,537

790
5,599

728
5,598

768
5,563

740
5,631

711
5,613

774
5,616

784
1,007

798
5,501

sh. tons..
do
..do - . .
do .
do
do .
do....
fertilizers

16,393
7,088
2,106
7, 528
2,013
7,671
32, 360

16,460

1,374

1,419

1,383

1,233

614
148
606
194
552

589
131
606
172
565

587
152
636
181
643

547
128
600
176
679

2,609

2,927

2,898

1,314
639
117
G45
193
087
2,905

1,515
646
163
657
187
699
3,030

1,104
550
157
567
156

2,510

1,322
592
135
635
176
704
2,970

1531
2,031

1,149
557
130
579
183
654
2, 634

1,543
716
173
710
244
771
3,062

1,017
'704
163
'70S
'253
745
'3, 007

i,r»7i
723
178
709
298
760
3,079

1,477
606
17G
644
18!)
712
2, 929

sh. tons..
do
do
do
do
do
do

5,573
5,824
409
509
6,282
5, 079
19,614 1 18,324
1,239
1,397
13,789 112,351
1,670
1,419

387
406
297

461
418
557

542
353
613

497
329
559

1,343

1,553

1,623

1, 464

541
370
561
1,062

60
978
116

110

1,041

93
966
195

139

514
469
434
1,981
126
1,308
171

474
396
527
1,588
29
1,070
144

493
388
431
1, 757

83
957
98

520
458
437
1,847
88
1,323
156

GO
1,259
147

571
261
803
1,873
68
1,364
122

'595
'244
947
1,704
85
1,480
72

GOO
343
528
1,719
69
1, 275
113

581
429
'3!)1
1,810
03
1,309
131

17
30
713
4

12
15
774
1

23
63
602
5

28
72
498
4

24

29
48
501
16

37
42
913
19

7G
54
940
22

46
34
723
23

1")
28
G32
13

1

202
40
158
852
103

Inorganic Fertilizer Materials
Production:
Ammonin, synthetic anhydrous*
thous.
Ammonium nitrate, original solution*.
Ammonium sulfatet
Nitric acid (100% ITNO3H
Nitrogen solutions (100% N){
Phosphoric acid (100% P 2 O 5 )|
Sulfuric acid (100% TTjSO*)*.
Superphosphate and other phosphatic
(100% PaO6):
Production
thous.
Stocks, end of period
Potash, deliveries (K2O)
Exports, total 9
Nitrogenous materials
Phosphate materials
Potash materials._.
Imports:
Ammonium nitrate
Ammonium sulfate-Potassium chloride
Sodium nitrate

...do
.do
do
do

7,186
1,749
7,510
2,184
7,548
33, 501

157

24
40
16
312
245
25
59
19
566
219
681
245
593
7,475
6,132
28
23
0
103
139
'Revised.
i> Preliminary.
1 Annual total; monthly revisions are not available.
2
For six months ending in month shown.
a For month shown.
< Restated 3d. qtr.
1975.
s Restated 4th. qtr. 1975.
ASee " A " note, p. S-24.
^Average daily rent per occupied room, not scheduled rates.
9 Includes data not shown separately.




641 I
3 I

©Effective 1976, data are compiled by U.S. Dept. of Transportation from INS records
and refer to air travel; travel by sea is omitted (for 1973-75, average annual arrivals and departures by sea are as follows—units and order as above: 814; 783; 159; 129).
§EfTective Jan. 1976, data include visits to Voyageurs National Park (no count of visits for
earlier periods is available); data for Mar .-July 1976 are restated to delete visits to Platt National Park which was reclassified as a national recreation area.
0"Includes data for Western Union Int. Cable & Wireless.
X Monthly revisions back to 1971 are available upon request.

SURVEY OF CURRENT BUSINESS

S-26
1975
Unless otherwise staled in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of B U S I N E S S STATISTICS

August 1977

1976

1976

Annual

June

July

Aug.

Sept.

1977
Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS—Continued
Industrial Gasest
Production:
Acetylene
mil. cu. ft_.
Carbon dioxide, liquid, gas, and solid
thous. sh. tons..
Hydrogen (high and low purity)
mil. cu. ft..
Nltrocren fhieh and low purity)
do
Oxygen (high and low purity)
do
Organic Chemicals d"

6,697

7,171

626

583

563

542

565

531

538

r

200
6,552
25, 342
33, 237

192
6,626
24,532
31,044

175
6,909
26,070
32,584

168
6,844
25,785
30,845

158
5,778
26,309
30,376

141
6,265
24,744
29,867

160
6,348
23,655
28,938

184
7,329
26,349
34,653

r

2.5
9.5
13.7
424.1
26.6
83.0
75.1

1.7
13.3
14.2
442.3
27.3
72.6
76.8

2.4
12.6
10.3
484.3
24.9
73.2
78.1

2.6
11.7
10.2
484.1
26.8
74.8
70.7

2.5
11.9
12.2
460.0
28.2
78.2
67.0

2.7
11.4
14.7
464.5
25.4
82.2
73.1

2.2
8.9
10.3
352.8
25.5
81.2
82.0

2.3
19.2
11.9
338.1
22.8

37.3
38.1
7.4
93.1

45.2
33.0
6.0
100.0

46.0
38.8
7.0
96.2

43.3
35.9
7.1
86.8

40.1
36.0
6.5
73.7

42.8
33.6
7.1
77.0

47.7
30.5
7.1
85.3

36.5
32.8
5.8
77.5

20.6
20.4
2.8

17.8
17.8
2.8

21.0
20.6

19.4
19.9
2.7

19.2
19.0
2.9

18.7
18.3
3.4

16.7
16.9
3.2

133.0
765.1
236.4
578.9
401.8

116.5
723.7
233.7
534.3
397. 2

131.5
736.7
237.1
605.3
409 7

133.9
747. 5
216.3
400.4
392. 8

139.5
768.8
235. 4
400. 2
419.2

128.3
743.7
196.6
390. 3
40?. 2

120.6
773.3
168. 5
389.9
355.2

423.6
241. 9
181.6

455.4
253.3
202.1

370.7
190. 5
180.2

342.9
105. 7
177.2

622

603

1,851
73, 552
252,980
352,560

2,011
i 80,478
292 220
386,717

169
6,835
23,226
32,938

188
6,353
23,913
32,898

mil. l b . .
w.mil. gal..
mil. lb._
do....
do
mil. gal..
. . . m i l . lb_.

125.4
i 79. 2
i 171.2
14,558.1
264.4
i 779. 6
i 702. 2

129.0
i 118. 7
i 159.2
5,621.3
321.2
i 939.9
i 902. 0

2.4
11.3
14.8
457.4
26.6
84.3
80.6

mil. tax gal_.
do
. . -do _.
do

526. 4
391.2
77.8
106.1

499.7
' 424.2
78.3
85.3

mil. wine gal..
do
do

207.3
207.1
2.7

225.1
225.4

Production:
Acetylsallcylic acid (aspirin)
Creosote oil
. . _. . .
Ethyl acetate (85%)
Formaldehydo (37% IICHO)
Glycerin, refined, all grades
Methanol, synthetic
Phthalic anhydride
ALCOHOL*
Ethyl alcohol and spirits:
Production
XJsed for denaturation
Taxable withdrawals
Stocks end of period
Denatured alcohol:
Production.
_.
Consumption (withdrawals)
Stocks end of period

639

428

543

185
'7,031
33,401

191
7,044
27 015
35,007

2.5
14.3
12.0
405.5
25.1
94.1
86.3

2.5
11.2
15.8
530.6
20.2
92.6
82.5

3.2
11.2
10.1
504.5
19.2
68.9
71.1

2 7
15 2
11.5
497.0
24.0 - - - - - 84.5
84.8

34.8
37.7
5.1
79.0

42.8
38.8
7.6
75.4

39.2
35 5
6.0
72 0

17.6
18.5
2.5

18.9
18.4
3.0

20.7
20.7
9
9

19.1
19 3

125.3
729. 6
237.0
329. 9
337. 9

129.1
654. 4
243. 6
358.9
370.2

143.0
851. 3
229.9
472.9
443.0

142.1
833.7
236 2
461.9
451.4

138.5
853.1

141.1
838. 3
?27 9
458 7
402. 7

285.9
127.2
158.7

311.9
141.1
170.8

393.1
200.8
192.3

r 2~) 5 7 6
r

75.5

PLASTICS AND RESIN MATERIALS
Production:
Phenolic resins.
Polyethylene and copolymers
PolvnroDvlene
Polystyrene and copolymers
Polyvinyl chloride and copolymers
MISCELLANEOUS

mil. l b - .
do
do
do
do

11,274.9
17,482.7
11,903.4
13,877.3
i 3,694.6

L

l,561.4
8, 942. 2
2, 571.4
1
4,727. 3
1
4,702.5

1
1

991) 1

449 7
450.0

PRODUCTS

Explosives (industrial), shipments, quarterly
mil. l b - 2,325.7
P a i n t s , varnish, and lacquer, factory shipments:
Total shipments
_
mil. $ . . 4,026.6
Trade products
_
.
do . _ . 2,079.0
1,947.6
Industrial
finishes
do

2,543. 0

656.5

4,685.9
2,446.4
2, 239. 6

477.3
263.9
213.4

707.2
420.7
225.2
195.5

653.6
280.0
122.6
157.5

623 2

G97 1
377.8
197.9
179.9

r

4?9. 7
r 231. G
r 198. 2

446. 0
238.5
207. o

ELECTRIC POWER AND GAS
ELECTRIC POWER
Pro ductlon (utility and Industrial), total
mil. kw.-hr__
Electric utilities, total
B y fuels
B y waterpower

do
do
do

I n d u s t r i a l establishments, total
By fuels
By wa terpower

do..
do..
do.

180,090

P2,001,00C

pl,916,00C =2,036.48: 173, 348 18G, 409 180,380 104,973 103,632 1G8,994 183,080 196, 308 1G2, 840 168, 641 156,885
1,010,000 1,752,807 147, 788 1G0, 347 1G2, 540 144,609 142,595 149,192 102, 808 175, 574 147,543 148,832 138, 247
300,000 283,680 25, 5G0 2G, 061 23,840 20, 303 21, 037 19,802 20,212 20, 734 15,298 19,808 18, 637
7,343
,061
281

P 84,969
81,649
3,320

Sales to ultimate customers, total (Edison Electric
Institute)
mil. kw.-hr__ 1,733,024 1,849,625 148,902 161,015 165, 652 162,951 152, 207 151,830 161,849 170, 277 165, 226 156,887 150,833
Commercial and industrial:
418,069 440, 625 36, 615 40,416 40, 898 40,141 36, 667 35, 760 36,916 39,133 37, 945 36, 222 35,341
Small light and po\ver§
do
661,558 725,169 61,438 61,417 62,444 62, 968 62, 371 61,511 61,956 60, 314 59, 493 62,043 02,004
Large light and power §
do
Hallways and railroads
Residential or domestic

do..
do_.

4,273
586,149

4,338
613, 072

328
45, 261

345
53,312

352
56,311

330
53,746

354
47, 296

365
48, 582

392
56, 893

402
64, 516

451
61, 705

335
52, 686

331
47, 73G

Street and highway lighting
Other public authorities
Interdepartmental

do
do
do

13,907
43, 625
5,443

14,413
45, 625
6,383

1,039
3,673
547

1,092
3,881
553

1,173
3,908
565

1,197
4,026
543

1,259
3,744
516

1,314
3,748
550

1,319
3,839
535

1,376
3,982
554

1,241
3,815
57G

1,185
3,837
580

1,123
3,710

He venue from sales to ultimate customers (Edison
Electric Institute)
mil. $ . . 46,853.5 53, 462. 9 ,312.3

4, 539. 6 4, 453. 3 4,734. 9

4,791.3 4, 958. 4

•, 107. 7 5,005. 4 4, 846. 9 4, G85. 5

GAS
Total utility gas, quarterly
(American Gas Association):
Customers, end of period, total

thous..

Residential
Commercial
Industrial
Other

...do..
do..
do
do..

Seles to customers, total
Residential
Commercial
Industrial
Other..

tril. B t u . .

.___

do
do
do"
do

Revenue from sales to customers, total
Residential
Commercial
Industrial
Other

_

45, 363

44, 735

44, 608

45, 363

45, 670

41,210
3, 393
182
54

3,406
178
57

41,163
3,341
177
54

41,056
3,324

41,722
3,406
178

41,950
3,483
184
54

14, 863

14, 883

3,297

3,918

4,949

5,087
2, 431
6, 670
696

973
471
1,676
176

472
301
1,808
179

702
1,551
172

!,348
1,002
1,412
187

44,839

4,991
, 387
6,837
648

mil. $ . .

19,101

23, 634

5,049

4,167

6,839

9,498

do
.do...
"do
d o . . II

8,445
3,303
6,745

10,076
4,103
8, 615
840

1,976
764
2,091
219

1,106
524
2,305
232

3,142
1,309
2,181
207

5,021
1,974
2, 263
240

r
Revised.
v Preliminary.
i R e p o r t e d a n n u a l total; revisions are n o t d i s t r i b u t e d to
the m o n t h l y d a t a .
§ D a t a are n o t w h o l l y c o m p a r a b l e on a year to year basis because of
changes from one classification t o a n o t h e r .
c^Data a r e reported o n t h e basis of 100 percent




content of the specified material unless otherwise indicated.
1973 are available upon request.

visions b a c k to
% Monthly re

SURVEY OF CURRENT BUSINESS

August 1977
1975

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of B U S I N E S S S T A T I S T I C S

1976

Annual

S-27

1976
June

July

Aug.

Sept.

1977
Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

11.48
10.43
13.95

16.20
14.55
14.59

16.03
14.28
15.03

Juno

July

16.79
15.00
15.5'

FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES 9
Beer:
Production
mil. bbl_.
Taxable withdrawals
do
Stocks, end of period
do
Distilled spirits (total):
Production
mil. tax gal_.
Consumption, apparent, for beverage purposes
• mil. wine gaL.
Taxable withdra^vals
mil. tax gal..
Stocks, end of period
do
Imports
mil. proof gal_.
Whisky.
Production
mil. tax gaL.
Taxable withdrawals
do
Stocks, end of period
do
Imports
mil. proof gaL.

160.60
148. 64
12.74

163. 79
150.48
11.94

144.1

15.89
14.25
13.92

16.54
15.01
14.03

16.10
14.86
13.91

14.31
13.44
13.60

13.42
12.22
13.69

11.29
10.52
13.48

11.19
10.83
11. 94

11.98
10.01
14.01

160. 42

16.48

8.56

10.58

12.68

15.04

14.91

12.16

11.33

12.98

14.84

13.61

418.76 i 422.10
229. 74 216. 34
793.
752.
113.46
112.71

35.20
19.80
780. 54
9.60

31.82
14.81
775. 58
7.83

31.79
17.29
769. 90
7.39

34.37
21.01
761.12
11.16

41.81
20.67
756. 50
13.37

53.41
17.46
752.85
12.14

28.97
16.85
747. 64
7.08

26.99
15.41
745. 49
7.03

35.44
19.51
743. 22
9.47

32.08
17.44
740. 35
8.28

59.64
140. 82
737.39
94. 98

79.12
126.62
692.34
92.07

7.41
10.88
722. 88
7.80

3.76
8.31
719.02
6.22

4.66
9.98
713. 61
5.85

33.25
19.22
764.00
9.
5.92
11.37
708.01
8.07

7.46
13.7i
702. 24
9.22

6.16
12.63
696. 27
10.99

5.36
9.71
692.34
9.93

5.81
10.12
687. 72
5.59

6.71
9.11
685. 03
5.62

7.85
11.04

112.50
46.64

107. 63
41.79

10.20
3.73

7.66
2.87

9.07
3.30

9.
3.80

9.96
4.00

10. 04
3.94

9.79
3.51

7.92
2.95

7.23
2.74

10.34
3.83

8.07
2.80

1.92
1.41
10.37
.21

1.77
1.01
11.03
.22

1.25
1.70
10.60
.25

7.51
7.38
25.02
31.19
378.12
398. 63
5.19
5.13

6.65
24.29
357. 30
5.91

1

9. 23

8.78

10.04

680.51
6.66

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.

19.37
18.46
7. 90
1.93

20.59
19.22
8.35
2.56

1.72
1.55
9.40
.20

1.70
1.13
9.79
.13

2.20
1.11
10.85
.13

1.59
1.83
10.59
.17

2.05
2.61
9.94
.23

2.14
2.86
8.99
.39

1.75
2.34
8.35
.40

1.86
1.06
9.05
.25

1.92
.96
9.94
.16

384.82
300. 25
451.34
47. 39

405. 78
298.18
473. 70
56.36

7.96
26.12
325. 31
5.01

7.42
19.51
307.92
4.51

14.33
23.38
289. 41
4.70

123.30
26.75
377. 54
4.46

147. 98
24.68
488. 22
4.28

45.88
26.13
499.43
5.36

15.19
27.34
473.70
5.80

6.89
23.31
452.46
5.16

6.37
21.31
429. 28
4.63

Distilling materials produced at wineries.__do___

338. 20

344. 77

2.32

4.15

18.09

109.86

123.10

36.84

16.48

8.58

16.62

10.73

6.93

8.80

983.8
10. 9
.818

978.6
47.1
.944

83.9
80.9
.974

71.5
83.0
1.084

65.1
82.3
1.082

64.0
68.1
.975

78.1
60.7
.934

77.6
47.3
.929

92.5
47.1
.929

105.6
67.6
.927

96.2
94.3
.929

98.4
106.4
.952

100.4
128.5
1.032

103.9
164.0
1.029

95.0
201.3
1. 029

2,811.4 3, 336. 6
1,654. 6 2, 062. 4

325.4
290.7

296.5
189.4

285. 0
178.2

262.4
155.6

255.6
151.3

257.0
146.8

281.1
169.1

264.8
166.8

254. 0
158.8

299.2
183.4

301.9
193.8

326. 6
211.9

314.1
200.3

Stocks, cold storage, end of period
do
367.8
478.4
American, whole milk
do
307.0
411.3
Imports
do_._
179. 5
206.8
Price, wholesale, American, single daisies (Chicago)
$ per lb_.
1.044
Condensed and evaporated milk:
Production, case goodscf }
mil. lb_.
926.9
895.5
Stocks, manufacturers', case goods, end of month
or yearcr"
mil. lb..
58.6
70.6
Exports:
Condensed (sweetened)
do
1.8
4.4
Evaporated (unsweetened)O
do
53.0
44.5
Fluid milk:
Production on farms}
do
115,326 r120, 356
Utilization in mfd. dairy products}
do._
59,230
63,672
Price, wholesale, U.S. average}
$ per 100 lb_.
8.75
9.66
Dryimilk:
/
Prr
Production:
Dry whole milk}
mil lb
63.1
78.1
Nonfat dry milk (human food)}
do
1,001.5
926.2
Stocks, manufacturers', end of period:
Dry whole milk
do_
5.6
9.1
Nonfat dry milk (human food)
" do I~"
47.1
94.0
Exports:
Dry whole milk
do
35.5
31.6
Nonfat dry milk (human food~)_"_~II"I_do~""
90.6
10.3
Price, manufacturers' average selling, nonfat dry
milk (human food)
$ pe r lb_.
.633
.635

483.7
418.8
14.4

509.0
441.8
15.5

518.0
451.7
15.4

522.6
456.3
17.2

501.4
435.6
1C.7

482.0
414.0
23.4

478.4
411.3
42.6

485.7
417.1
18.0

470.6
403.5
10.6

486.9
422.5
12.5

511.4
447.4
11.2

1.153

1.200

1.258

1.183

1.140

1.140

1.140

1.140

1.152

1.193

583.9
558.5
491. 5 r 510. f)
11.4
17.1

DAIRY PRODUCTS
Butter, creamery:
Production (factory) t
Stocks, cold storage, end of period
Price, wholesale, 92-score (N.Y.)
Cheese:
Production (factory), total}
American, whole milkj

mil. lb.
do
$ per lb
mil. lb.
do.__

1.194

92.3

84.9

73.4

61.1

56.6

50.2

61.3

62.5

63.3

68.8

81.6

85.7

143.1

136.3

135.2

131.7

96.9

70.6

66.3

63.5

63.0

66.4

101.5

.3
4.4

.3
4.2

.5
3.2

.2
1.9

.5
2.4

.3
3.0

.4
1.8

.9
3.6

.2
2.6

.3
1.1

10,112
5,355
9.70

9,616
4,849
9.84

9,643
4,718
9.96

9,233
4,563
9.89

9,678
5,066
9.72

9,910
5,259
9.65

9,351
5,100
9.54

10,562
5,847
9.43

10,741
5,992
9.43

11,295
•3, 465
9.34

11,103
6,360
' 9. 38

1.194

127.7

5.1

589. 2
512.1

80.2

125.4

10,816
6, 279
9.14

10,453
' 5, 728
9.43

8.0
108.1

6.3
96.3

6.5
76.2

5.2
56.1

4.6
56.5

5.2
53.9

5.0
73.7

6.1
71.5

6.4
72.3

7.6
87.5

6.3
107.1

119.6

5.6
132.7

10.8
122.5

11.8
121.0

11.9
118.2

11.0
104.1

11.1
87.8

8.8
84.9

8.5
78.9

10.1
106.6

119.7

10.0
127.1

3.1
.2

.3

1.9
.9

10.7
89.2
1.9
3.2

9.1
94.0

2.4
1.2

10.5
99.8
1.9
.3

.3

2.4

1.6
.1

2.5
.1

2.3
.1

2.5
4.3

1.9
11.8

.632

.635

.640

.633

.625

GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat)...mil. bn_. 2,529.0 2,813.6
233.6
230.8
245.0
Barley:
Production (crop estimate)
do
3 383.9 3 377. 3
Stocks (domestic), end of period
" do
276.4
272. 0
On farms
"
"do"
162.9
154.5
Off farms
_'_" _ I I do __
113.5
117.5
Exports, including malt§ . . .
do
31.8
52.1
3.4
1.5
3.5
Prices, wholesale (Minneapolis):
No. 2, malting
$ p e r bu __
3.80
3.11
3.37
3.40
3.17
No. 3, straight
__do.._.
3.60
3.06
3.36
3.29
3.18
Corn:
3
Production (crop estimate, grain only)..mil. bu
5,797.0 6,216. 0
Stocks (domestic), end of period, total
do
4,448.6 4,860. 7
On farms
do
3,179.2 3, 317.0
Off farms
-~--~~--"-.~~~~"~ do
1, 269. 4 1, 543. 7
Exports, including meal and" flour.I_""""do
1,321.8 1,748.0
160.0
138.6
121.3
Price, wholesale:
Weighted avg., selected markets, all grades
d 0
2.88
2.56
2.87
2.94
2.79
Oats:
"~
Production (crop estimate)
_ _ mil bu
3 657.6 3 562.5
Stocks (domestic), end of period, total""" do
501.7
420.7
On farms
dol""
407.6
347.3
Oft farms
do
94.1
73.5
Exports, including oatmeal
do
.3
.4
2.3
16.2
12.1
Price, wholesale, No. 2, white (Minneapolis)
1.92
1.8
1.75
$ per bu__
1.67
1.74
mnary. _ Includes Hawaii, not available on a monthly basis, as
Diuniy revisions.
2 stocks as of June 1.
3 Crop estimate for the
, n r s c r ° P ; n e w c r °P not reported until Oct. (beginning of new crop year).
m n
year s crop; new crop not reported until June (beginning of crop year).
« Aug. 1




r

1.031

234.3

294.6

244.0

362.6
210.2
152.

201.4

182.6

.623

.653

191.5

219.4

212. S

3.11
3.09

2.75
2.75

6 405. 8

188.5
91.2
3.4

3.09
3.10

pd. 52

.679

272.0
154.5

6.7

3.08
3.05

.624

10, 715

8.5

2.76
2.80

5 126.6
1.8

2.90
2.85

2.79
2.79

2.72
2.75

2.28
2.32

1.95
1.97
0,092.1

397.5
231.1
166.4
110.1

179.2

180.2

860.7
317. 0
543.7
136.6

2.71

3.46

2.40

2.48

2.2

420.7
347.3
73.5
.6

541.4
429.0
112.4
1.9

1.0

119.'
2.60

2.61

3,273.3
2,113.9
1,159.3
150.9
2.50

263.7
216.3
.2

.3

!2,350.7
a,563.5
139. 2
141.6
2.39

2.42

125. 9
2.26

2.04

5 168.1
132.4
5 35.7
.4

1.14
1.68
1.82
1.37
1.92
1.66
1.68
1.75
1.67
1.81
1.78
estimate for 1977 crop.
(^Condensed milk included with evaporated to avoid disclosing
operations of individual firms.
§Excludes pearl barley.
9 Scattered monthly revisions back to 1973 are available.
t Revised monthly data back to 1973 are available.
O Revised monthly data for 1975
will be shown later.

August 1977

SURVEY OF CURRENT BUSINESS

S-28
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are a s shown
In the 1975 edition of B U S I N E S S S T A T I S T I C S

1975

1976

1976

June

Annual

July

Aug.

Sept.

1977
Oct.

Nov.

Dec.

Jan.

Mar.

Feb.

Apr.

May

June

July

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS—Con.
Rice:
Production (crop estimate)
mil. bags 9 -- i 128. 0
California mills:
2,346
Keceipts, domestic, rough
mil. lb_.
1,705
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
138
of period
mil. lb_.

104
32

110
76

88
74

163
121

147
113

216
114

133

127

158

156

138

136

132

171

2,440
502

2,529
552

709
573

575
572

624
521

729
507

505

292
526

199
555

207
521

1,967

3,011

2,877

2,475

2,454

1,850

1,424

1,044

316
329

247
207

158

215

106

63

8,461
5,312

9,563
5,481

107
405

168
384

859
360

2,150

2,682

858

602

801

4,711

4,640

348

725

397

320

308

406

574

233

313

.190

.140

.155

.155

.135

.125

.130

.123

.123

.113

.118

i 17.9
9.5
2.78

i 16.7
9.3
2.92

3.28

3.21

15.0
2.84

2.71

2.59

2.82

2.87

i 2,135
1482
i 1,653
1,860

i 2,147
1
581
i 1, 566
1,754

2 627

406

do___
.do___
d o_ _ -

1,384.6
546. 8
838.0

1,780.1
663.8
1,116.4

2,185.8
830. 9
1,354.8

1,780.1
663.8
1,116.4

1,158.2
1,134.5

1,001.3
968.9

71.7
66.7

88.4
85.4

117.9
113.0

115.6
109.9

101.0

54.3
53.3

57.4
56.9

51.9
49.0

63.1
57.7

56.5
50.7

75.7
68.1

70.8
66.4

78. f
>
75. 0

-4.60
3.96

4.10
3.50

4.57
3.85

4.28
3.69

3.79
3.24

3.42
3.03

3.27
2.80

3.17
2.79

3.08
2.71

3.08

3.08
2.77

3.11
2.76

3.03
2.60

2.87
2.41

2.72
2.38

4.84

3.87

4.29

4.06

3.66

3.33

3.17

3.08

5.97

3.01

3.00

2.94

2.82

2.64

247,080
4,485
555,891

259,483
4,643
584, 082

21,059
379
47,645

21,751
396
49,272

24,257
438
54,634

23,178
417
52,225

22,723
410
51,216

21,031
380
47,486

20,804
373
46,931

21,320
380
48,035

21,425
385
48,023

24,321
430
54,434

20,632
370
46,402

•20,801
r
375
"4(1,870

20,483
366
46,191

3, 907
10,178

4,334
13,907

3,923
2,184

1,294

2,083

3, 621
2.449

997

447

4,334
188

1,218

2,334

4,248
2,519

3,272

1,857

4,167
1,248

10.552
9.365

9.509
6 8. 303

10.350
8.838

10. 288

9.438
8.075

8.500
7.613

8.375
7.375

7.913
6.938

7.838
6.838

7.750
6.763

6.813

7.725
6.525

7.125
6.200

6.925
5.838

6.500
5. 575

3,894
36,904

4,438
38, 992

339
3,294

346
3,220

373
3,388

409
3,435

394
3,336

3,154

420
3,205

406
3,272

380
3,041

457
3, ?30

389
3,033

353
3,054

368
3,374

44.61
33.42
40.44

39.11
37. 65
45.18

40.52
40.24
37.60

37.92
37.58
34.51

37.02
37.55
41.52

36.97
34.03
39.84

37.88
36.07
47.25

39.15
35.07
44. 90

39.96
35.19
49. 58

38.38
34.87
53.12

37.98
36.54
54.88

37.28
38. 29
52.26

40.08
41.33
52.88

41.98
39.88
54.92

40.24
38.22
51.60

64,926

70, 454

5,146

4,905

5,968

6,361

6,929

7,110

6,525

5,833

5,825

7,236

0,400

5,877

5,695

48.30

43.19

50.91

48.31

44.03

39.39

32.69

31.96

38.28

39.65

40.40

37.61

37.20

41.94

43.89

45.76

17.1

17.5

18.0

16.9

16.1

15.3

14.1

15.4

16.2

16.2

16.8

15.8

15. C

18.4

r 19.8

23.3

7,552

6,474

502

525

563

622

556

517

534

499

461

579

539

474

550

44.42

47.84

50.50

45.75

38.88

40.00

39.75

39.00

45.00

49.50

50.25

51.50

56.75

56. 75

53.00

36, 213
675
864
1,694

39, 060
5 733
1,305
7
1,868

3,150
698
109
187

3,048
645
90
159

3,350
598
112
151

3,467
638
110
178

3,497
688
130
170

3,453
726
117
134

3,367
733
128
94

3,273
745
100
131

3,084
755
100
150

3, 519
795
103
143

3,200
818
113
117

3,122
798
110
147

3, 298
r
726
103
130

24,500
360
46
1,304

26,480
5 464
82
1,467

2, 224
403

2, 300
371
6
123

2,340
391

2,190
464
6
0-i

2, 237
486
6
100

2,044
485

2, 259
504
8
107

2 049
484
0
111

2, 052
456

150

2,278
414
8
139

2,168
439

148

2,173
390
7
121

113

r 42.1
8
101

.754

.644

.656

.612

.609

.619

.645

.638

.630

.640

.675

.660

399
12

361
15

Tex.):
mil. l b . .
do
(cleaned
mil.lb..

Rye:
Production (crop estimate)...
mil. b u .
Stocks (domestic), end of period
do...
Price, wholesale, No. 2 (Minneapolis)_.$ per b u .

Exports, total, including flour
Wheat only

122
83

194
147

Exports
do
Price, wholesale, No. 2, medium grain (Southwest Louisiana)
$ per l b . .

Stocks (domestic), end of period, total
On farms
0(T farms

199
77

2,220
1,492

mil. b u .
do__.
do
do._.

Southern States mills (Ark., La., Tenn.,
Receipts, rough, from producers
Shipments from mills, milled rice
Stocks, domestic, rough and cleaned
basis), end of period

Wheat:
Production (crop estimate), total
Spring wheat
Winter wheat
Distribution, quarterly cf

8 100. 0

i 117.0

do
do

Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu_
No. 2. hd. and dk. hd. winter (TCans. Cit.y)_do___.
Weighted avg., solectod markets, all grades
$ per bu_.
Wheat flour:
Production:
Flour
thous. sacks (100 lh.)_.
OfTal
thous. sh. tons.
Grindings of wheat
thous. bu-.
Stocks held by mills, end of period
thous. sacks (100 lb.)-.
Exports
do
Prices, wholesale:
Spring, standard patent (Minneapolis)
$ per 100 1b..
Winter, hard, 95% patent (Kans. C i t y ) - - d o

128
75

587
2,161

.121

263

529

381

.133

.156

.155

2.84

487

.56

.153
U8.2

1 2,041
8 515
1
1,526
2 280
1,388.1
509. 5
878.5

3*1,108.7
" 424.9
3
* 683.8

2. 57
2.38

6.588
5.850

LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous. animals..
Cattle
do
Prices, wholesale:
Beef steers (Omaha)
$ p e r l 0 0 1b..
Steers, stocker and feeder (Kansas City)-_do
Calves, vealers (So. St. Paul)f
do.-_
Hogs:
Slaughter (federally inspected)...thous. animals..
Prices:
Wholesale, average, all weights (Sioux City)©
$ per 100 lb..
Hog-corn price ratio (bu. of corn equal In valuo
to 100 lb. live hog)
Sheep and lambs:
Slaughter (federally inspected)., thous. animals_.
Price, wholesale, lambs, average (Omaha)
$ per 1001b-

40. 94
38.90
46.95

41.25

MEATS
Total meats (excluding lard):
Production, totalt
mil. lb
Stocks, cold storage, end of period O
do
Exports (meat and meat preparations)
do
Imports (meat and meat preparations)
do
Reef and veal:
Production, totalt
do..
Stocks, cold storage, end of period O
do.J_~_~
Exports
do
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-70J lbs.) (East Coast)
$ per lb_.
Lamb and mutton*
Production, totalt
Stocks, cold storage, end of period
r

mil. lb
do

Revised.
1 Crop estimate for the year.
2 See " c?" note, this page.
3 Stocks as of
June 1.
* Previous year's crop; new crop not reported until June (beginning of now crop
year).
« See " o " note, this page.
« Average for 11 months (Jan.-Juno, Aug.-Doc).
' Reflects revisions not available by months.
» Aug 1 estimate of 1977 crop.
9 Bags of
100 lbs.
cf Data are quarterly except that beginning 1975, June figures cover Apr. May and
Sept. covers June-Sept.




101

123

.668

15
O Effective April 197'I S U R V E Y , d a t a b e g i n n i n g F e b . 1976 arc restated to exclude cooler m e a t s ;
comparable earlier d a t a will be s h o w n later.
fSee corresponding note, p . S-2U. _ ©Ef_
fective J u l y 1977 S U R V E Y , m o n t h l y prices are restated t h r o u g h M a y VM1 to coincide w i t h
published a n n u a l averages w h i c h are for " a l l weights, excluding s o w s " ; c o m p a r a b l e m o n t h l y
d a t a prior to M a y 197G will be s h o w n later.

S-29

SURVEY OF CURRENT BUSINESS

August 1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of B U S I N E S S S T A T I S T I C S

1975

1976

1976

Annual

June

July

Aug.

Sept.

1977

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
MEATS—Continued
Pork (excluding lard):
Production, totalf
mil. lb
Stocks, cold storage, end of periodA
do..
Exports
do._
Imports
do__
Prices, wholesale:
Hams, smoked composite
$perlb..
Fresh loins,8-14 lb. average (New York)._do
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil. lb__
Stocks, cold storage (frozen), end of period, total
mil. lb._
Turkeys
do.
Price, in Georgia producing area, live broilers
$perlb_.
Eggs:
Production on farms}
mil. casesO.
Stocks, cold storage, end of period:
Shell
thous. casesO..
Frozen.
mil. lb.
Price, wholesale, large (delivered; Chicago)

11,314
249
207
327

12,219
3
212
311
<318

899
219
23
28

847
177
20
30

1,020
157
23
21

1,084
176
26
21

1,188
201
33
25

1,255
219
26
25

1,146
212
21
26

1,007
197
18
26

1,013
200
21

1,256
223
28
30

1,120
261
22
29

1,044
268
26
27

1,022
'229
25
29

.993

.855
.977

.885
1.106

.843
1.109

.797
.972

.775
.952

.736
.843

.875
.760

1.007
.860

.758
.971

.787
.916

.832

.742
.855

.749
.932

.742
1.004

10,434

11,739

1,077

1,045

1,115

1,125

1,094

1,021

928

849

780

938

895

314

363

521
370

611
460

453

512

335
190

303
168

279
142

299

363
203

266
130

203

403
262

665

195

301
177

281
138

.269

.240

.260

.245

.230

.240

.195

.220

.240

.250

.250

14.7

15.1

15.0

14.6

15.4

15.2

13.7

15.4

14.8

45
31

50
29

.205

178.9
22
36

180.1
28
26

23
30

.594

.678

.609

.654

.706

233.0
.759

235.4
1.092

19.5
1.075

16.3
1.035

20.9
1.145

3,300
18,551

2,805
19, 063

2,908
4,977

$ per doz_.

15.2
32
29
.706

.200
14.8
25
26

.740
1.042

1,095
r 353
'201

404
240

.250

.255

.270

15.2

14.5

14.7

M0
r
32

.767

.823

.787

.756

.675

.624

.557

.570

.028

11.6
1.615

16.5
1.543

30.6
1.730

21.5
1.903

19.0
2.075

16.1
1.983

25.1
1.993

13.6
1.993

1.993

MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl. shells)
thous. lg. tons..
Price, wholesale, Accra (New York)
$ per lb_.
CofTee (green):
Inventories (roasters', Importers', dealers'), end
of period
thous. bagscf-Roastings (green weight)
do
Imports, total
do.
From Brazil
do
Price, wholesale, Santos, No. 4 (N.Y.)__$ per lb_.
Confectionery, manufacturers' sales
mil. $..
Fish:
Stocks, cold storage, end of period %
..mil.lb..
Sugar (United States):
Deliveries and supply (raw basis)::$
Production and receipts:
Production
thous. sh. tons..

356

2,961
3,853
1,909
449

301

1,637
207
234

192

371

8.2
1.325

330

2,805
4,621

" 3, 519
- 4, 752

3,221
3,251

344

1,013
143

1,649
477

1,858
500

1,994
641

1,707
466

1,839
225

1,824
483

1,224
198

1,137
151

267

282

233

223

270

280

211

192

184

366

956
85
1.520
307

381

371

316

312

308

301

'323

Exports, raw and refined

5,192

5,742

125

117

173

730

1,174

1,214

775

459

275

202

206

10,127
9,974
2,731

10,926
10,859
3,324

994
993
2,314

978
2,038

1,038
1,034
1,689

1,055
1,052
1,324

858
853
1,660

827
816
2,504

831
827
3,324

828
3,624

764
761
3,758

1,024
1,017
3,430

895
3,302

875
3,191

sh. tons.. 205, 989

Deliveries, total 9
For domestic consumption
Stocks.raw and ref., end of period
Imports:
Haw sugar, total 9
From the Philippines
Iteflned sugar, total

20,289
19,788
3,748
3,092
» . 678 2 1.228
2,830
2,912

19.6
1.313

69, 735

6,706

9,102

2,680

3,067

3,447

13, 510

4,356

3,246

2,112

3,000

3,031

1,550

1,293

4,331
900
214

416
49
17

320
83
5

443
97
19

571
185
9

455
109
18

269
79

427
125
1

247
53
2

418
72
21

321
109
13

407
107
31

389
67
33

388

.135

.144

.150

.119

.095

.112

.106

.102

.105

.113

.117

.124

.100

.095

1.343
1.262
.190
.197
181, 304 13,893

1.246
.204

1.319
.171

1.165
.152

1,163
.172

1.114
.160

1.115
.156

1.101
.160

1.106
.167

1.121
.171

1.142
.181

1.155
.172

1.131
.157

.151

19, 224 15,683

16,133

18,273

16,059

15,064

22, 389

23,302

27,345

22, 335

___do
do _~~
do

thous. sh. tons..
do
"do....

Prices (New York):
Haw, wholesale
. .
Refined:
Retail (incl. N.E. New Jersey)
Wholesale (excl. excise tax)
Tea, imports

$ per lb

3,680
415
148
. 229
1.986
.311

$ per 5 lb
$ per lb..
thous. lb.. 159,287

14, 259 15,051

P

2, 808

13

FATS, OILS, AND RELATED PRODUCTS
Baking or frying fats (incl. shortening):
Production]:
Stocks, end of period©
Salad or cooking oils:
Production!
Stocks, end of period©

mil. jfo__ 3,687.3
124.7
do__~I
do
Ido

3,947.2
90.8

3,913. 4
127.7

324.0
119.9

316.1
123.2

336.9
122.8

345.0
122.2

331.2
126.9

324.3
120.5

309.6
127.7

296.7
127.8

301.2
119.8

357.9
113.9

313. 8
115.3

331.2
144.7

295.5
137.8

4, 343. 0
104.0

384.7
105.3

367.8
95.5

375.4
106.4

357.1
90.7

361.2
96.4

351.4
89.4

344.8
104.0

311.5
117.8

316.9
118.1

399.5
97.9

340.2
91.5

372.4
105.8

340.3
100.2

202.8
72.4

215.6
72.2

233.2
69.8
.455

246.0
67.2

242.3
67.4

236.5
70.7

232.7
71.8

197.3
77. 3

178.8
'•91.0

178.4
81.0

.455

.455

.455

.462

.528

.544

Margarine:
Production
$0
2, 399. 3 2, 629. 7 199.8
195.1
197.4
Stocks, end of period ©
..________
do
60.1
67.2
70.8
80.0
73.6
Price, wholesale (colored; mfr. to wholesaler "or"
large retailer; delivered)
$ per lb..
.525
.443
.431
.437
.455
Animal and fish fats:
Tallow, edible:
Production (quantities rendered)
- mil lb
513.5
535.5
44.6
42.7
48.0
649.7
660.5
50.6
55.9
51.3
Consumption in end products
" do
37.8
47.5
45.8
51.9
51.0
Stocks, end of period 1
do
Tallow and grease (except wool), inedibleProduction (quantities rendered).
do
4,655.4 5, 674. 6 • 496.9 481.7
489.5
Consumption in end products! _
do
2, 908. 4 3, 367. 2 307.9
286.9
269.0
Stocks, end of period 1
'
"do
276.6
341.2
328.1
354.8 317.2
'•Revised.
v Preliminary.
i Average for Jan. and Feb.
2 Average for 2 mos. (May
n t e > t h i S PagG>
months
°
* R e f l e c t s revisions not distributed to the
©Cases of 30 dozen. tfBags of 132.276 lb.
§Monthly data reflect cumulative revisions
for prior periods.
9Includes data not shown separately; see also note " § " .
©Producers and warehouse stocks.
\ Factory and warehouse stocks.
% Monthly revisions




.455

47.3
59.8
58.9

45.1
64.3
53.3

42.5
59.7
49.8

43.5
63.7
47.5

42.4
58.5
49.1

42.9
58.9
51.7

49.9
74.7
43.6

45.7
60.9
58.5

'45.2
60.6
'59.5

44.3
63.7
59.0

506.0
297.7
352.2

500.2
307.4
371.5

487.4
265.6
384.5

501.8

464.1
261.7
377.9

440.9
237.5
357.5

484.4
270.9
402.7

422.2
265.0
359.3

439.6
r 274. 0
r 372. 8

.547

452.7
275.6
357. 9

354^8

back to 1974 are available.
AEffective April 1977 SURVEY, data beginning Feb. 1976 a r e
restated to exclude cooler pork; comparable earlier data will be shown later.
tRevised
series. Beginning May 1977 SURVEY, data represent total commercial slaughter (excluding
rendered pork fat and lard), whereas the price for calves (p. S-28), represents a different
c
market. Comparable data prior to Mar. 1970 will be shown later.
Corrected.

SUEVEY OF CUKKENT BUSINESS

S-30
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS

1975

1976

1(976

June

Annual

August 1977

July

Aug.

Sept.

1977
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:
Coconut oil:
Production, refined
_
Consumption in end products
Stocks, refined, end of period^
Imports.

mil. l b .
do—
do-..
do—

716.2
865.3
26.7
869.1

849.2
990.3
40.1
1,206.9

73.8
90.3
33.0
66.7

79.3
80.2
38.5
102.1

63.3
82.6
32.1
110.4

35.9
111.3

Corn oil:
Production: Crude
Refined
Consumption in end products
Stocks, crude and ref., end of period ^

do—
do
do
do

458.8
496.6
475.6
39.5

692.4
562.2
517.0
42.1

59.1
41.3
84.4

58.9
51.5
46.2
78.7

65.8
55.1
50.9
51.8

Cottonseed oil:
Production: Crude
Kenned
Consumption in end products

do—
do
do

1,215.0
1,112.7
660.7

984.3
819.8
578.8

56.1
60.4
58.0

40.3
52.7
39.3

Stocks, crude and ref., end of period If
do
Exports (crude and refined)
do___
Price, wholesale (N.Y.)
$ per lb.

160.3
656.5
.322

191.6
520.9
.297

153.6
47.9
.273

mil. lb_. 7,861. 7
6,422. 9
do
d o — 6, 830.3

9, 639. 6
7,185. 4
7,575. 6

64.7
79.2
35.8

72.0
87.1
42.1
6175.9

58.5
75.1
40.1
144.1

57.0
73.4
35.3

60.2
69.9
38.6
128.8

67.3
82.6
33.4
99.2

59.3
73.0
37.7
64.9

67.6
' 73.9
'46.9
89.4

72.1
80.2
41.6
108.8

59.6
49.2
47.2
40.8

62.0
47.4
40.2
47.1

50.4
45.7
43.2
43.0

51.3
44.9
43.6
42.1

48.1
47.2
47.7
33.4

49.0
44.0
45.2
28.6

59.2
51.1
41.7
32.4

55.6
42.4
37.1
43.2

-58.1
50.7
44.0
'61.2

56.7
46.3
39.5
62.4

38.0
48.5
51.2

28.2
33.4
45.0

80.1
37.7
43.7

129.2
73.0
56. 6

135.6
86.2
48.0

135.0
95.4
47.9

134.4
103.5
55.7

91.1
79.2
56.7

'89.3
82.0
'56.1

79.6
75.1
56.6

157.5
23.7
.325

135.9
24.4
.288

104.9
13.4
.318

115.5
33.6
.283

167. 2
15.7
.290

191.6
76.6
.283

207.7
50.4
.278

134.3
98.0
47.8
233.0
80.5
.283

237.5
104.2
.323

226. 9
72.4
.350

214.0
23.0
.360

182.3
58. 3
.360

813.9
627.1
634.6

788.7
584.7
626.8

720.5
607. 9
635.1

766.1
568.1
623.7

807.4
575.4
621.3

804.0
596. 3
609.1

805.7
578.0
613.8

786.7
553.5
571.5

791.2
567.3
591.2

823.7
098. 7
694.5

747.3 '682.4
624. 7 ' 639.1
597.0 '611.0

631.1
585.1
554.0

1,488.1
1,088.4
.244

1,274.5
74.4
.228

1,229.9
77.6
.274

1,294.6
41.8
.247

1,250.6
151.5
.284

1,350.6
100.8
.254

1,432.0
107.7
. 276

1,488.1 1,599.5
75.8
103.7
.202
.252

Leaf:
Production (crop estimate)
mil. lb. i 2,182 ' i 2,136
Stocks, dealers' and manufacturers', end of period
4,738
4,978
mil. lb.
Exports, incl. scrap and stems
thous. lb. 563,030 577,997
320,318
310,393
Imports, incl. scrap and stems
do

4,166
25.964
24,245

23,875
21,322

34, 678
30,786

48.164
25,198

52,862
21,582

51, 307
17,573

4,978
75, 600 76, 832 52,964
25, 764 26,580 26,118

4,797
54, 695 31,271 38,003
22, 075 36, 471 17,482

Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
Taxable
Cigars (large), taxable
E xports, cigarettes

6,243
58,362
377
5,033

4,552
44, 022
315
4,284

6,027
54,121
356
4,703

6,324
52, 365
354
5,304

6,887
52, 247
388
6,218

0,185
50, 541
340
4,383

6,032 4,896
43,739 49,029
264
247
5, 987 3,823

5,295
49,198
280
4,161

7,085
6,371
53, 374 45,071
332
295
6,180
5,676

6,432 7,991
46, 687 55, 079
344
350
6,267 5,781

Soybean oil:
Production: Crude
Refined
Consumption in end products

Stocks, crude and ref. end of period ^ . . d o —
Exports (crude and refined)
do....
Price, wholesale (refined; N.Y.)
$ per lb.

799.9
758.0
.286

73.5

1,609.4 1,486.4 1,478.9 1,355.0 1,166.3
92.3
236.4
103.3
209.4
159. 9
.275
.318
.358
.353
.330

.280

.271

TOBACCO

millions.
do...
do
do...

62,278
588,345
4,476
49,935

72,125
017,112
4,041
61,370

'1,790
41, 525
22, 7G2

LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9 .
Calf and kip skins
Cattle hides.

thous. $

296,279
2,403
21,269

552,276
2,162
2 25,270

43,076
122
2,030

43,982
161
2,002

45,232
159
2,073

44,874
133
2,016

48 140
217
2,040

46,132
145
2,042

48, 522
158
2,282

50,536
194
2,276

47,158
182
1,998

55, 844
144
2,289

53, 264
250
2,167

48, 048
174
2,016

49, 051
171
2,023

78,100
15,520
879

89 100
16,603
1,255

11,400
2,366
126

7,900
1,494
73

8,200
1,336
41

8,600
1,414
121

6 100
817
69

4 400
523
55

3 500
467
122

5 200
815
13G

6 300
1 166
116

9 400
1 942
118

1 355
144

2 260
123

1,724
83

3.350
.234

7.754
.338

.800
.348

.800
.363

.800
.373

.900
.383

.900
.318

.700
.290

.700
.323

.800
.358

.900
.363

.900
.373

.900
.401

1.150
.413

1.150
.363

thous. sq. ft.. 2 184,104 2 203,707

18,795

14,028

12, 074

18, 343

14, 361

15,108

18,388

18, 630

19,272

23, 315

18,338

16,714

16, 205

199.9

199.9

207.1

211.4

207.1

195.6

211.4

211.4

211.4

211.4

201.3

32,051

31,722

35,119

31,791

34,116

26,514
4,542
788
207

25,757
4,895
835
235

28,691
5,131
1,039
258

25,324
5,350
940
177

27,098
5, 756
1,051
211

463

412

477

_

thous skins
thous. hides

Imports:
Value total 9
Sheep and lamb skins
Goat and kid skins
___

thous %
thous pieces
_
-do

Prices, wholesale, f.o.b. shipping point:
Calfskins, packer, heavy, 9 Hi/15 lb
$ per lb._
Hides, steer, heavy, native, overfi3]b_ __ _do_ . .

.900
.381

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
Exports:
Upper and lining leather

Prices, wholesale, f.o.b. tannery:
Sole, bends, light
index, 1967=100..
Upper, chrome calf, B and C grades
index, 1967=100

< 151.1

s 197. 9

207.1

LEATHER MANUFACTURES
Shoes and slippers:
Production, total
thous. pairs_. 413,080 ' 422,507 '37,285 '29,549 '34,797 '35,110 '33,166 '29.969 '29,232
Shoes, sandals, and play shoes, except athletic
thous. pairs,- 331,232 ' 345,433 '30,531 '25,307 '27,691 '27,775 '25,521 '23,556 '24,860
Slippers
do
70,536 ' 64, 880 ' 5,671 ' 3, 562 '6,101 ' 6,175 ' 6,624 ' 5,483 ' 3,294
Athletic
.
. .
.do
'923
7,917 ' 10, 064
'890
'882
' 775
'878
'957
' 558
' 2,130
3,392
' 122
'127
' 155
Other footwear . .
do
' 155
'203
' 139
'193
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, Goodvear
welt
index, 1967=100..
Women's pumps, low-medium quality._ do.

2 4, 332

6,023

436

524

560

411

461

498

564

391

436

475

165.0

179.1

179.4

179.4

179.4

184.1

184.1

184.1

184.1

184.1

188.9

191.3

192.5

192.5

192.5

194.8

151.8
e133.5

163.3
140.2

163.0
138.8

163.0
138.8

165.5
138.8

166.8
145.2

166.8
145.2

169.3
145.2

169.3
145.2

169.3
145. 2

169.3
145.2

173.0
145.2

173.0
143.8

173.0
143.8

173.0
143.8

170.2
143.8

J
' Revised.
' Crop estimate for the year.
Annual total reflects revisions not distrib3
uted to the monthly data.
Average for Jan.-May and July-Dec. 7 4 Jan.-June and
5
6
Aug.-Dec.
Jan., Feb., and Dec.
Data include imports for Oct.
Average for Jan.,
8
9
Feb., and Apr.-Dec.
Average for Jan.-Nov.
Aug. 1 estimate for 1977 crop.




9 Includes data for items not shown separately.
< Corrected.
=

Factory and warehouse stocks.

SURVEY OF CURRENT BUSINESS

August 1977
1975

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS

1
| 1976

1976
June

Annual

S-31

July

Aug.

1977

Sept. 1 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. f
Hardwoods
do
Softwoods
do

Exports, total sawmill products
Imports, total sawmill products

2,949
542
2,407

2,963
509
2,454

3, 265
568
2, 697

3,226
524
2, 702

3, 305
550
2,755

2, 972
496
2, 476

2, 921
~'428
2, 493

2 822
370
2,452

2,930
460
2,470

3,388
532
2,856

3,260
536
2, 724

3 °53
' 545
2,708

132,077
5,799
26, 278

137,072
6,833
30, 239

3,150
536
2,614

3,122
497
2,625

3, 231
570
2, 664

3,167
507
2,660

3,167
525
2,642

2,911
510
2,401

2, 951
426
2,525

2, 683
385
2,298

2, 873
478
2,395

3,362
543
2, 819

3, 364
575
2 789

3,314
548
2,766

do
do
do

4, 967
875
4, 092

5,072
882
4,190

4,922
795
4,127

4, 763
807
3, 956

4,791
805
3, 9S9

4,854
823
4,031

4, 991
847
4,144

5, 062
843
4, 219

5,032
845
4,187

5,171
830
4,341

5,228
812
4,416

5, 325
867
4, 458

5,197
802
4,395

5,133
796
4, 337

do.
do.

Stocks (gross), mill, end of period, total
Hardwoods
Softwoods

137,176
6,830
30, 346

..--do
do
do

Shipments, total
Hardwoods
Softwoods

131,910
5,872
26,038

1,643
5, 968

1,909
8,178

152
573

254
890

153
6S0

165
781

160
715

140
759

150
779

144
691

169
906

142
890

167
996

150
999

7,430
550

'8,377
'634

' 756
' 685

' 664
' 652

'693
' 633

'722
'622

'673
' 018

'G90
' 034

075
' 638

733
' 621

725
'573

G31

' 656
' 667
' 928

' 730
' 733
' 931

'700
' (577
' 954

' 075
' 080
'949

720
071
' 998

771
' 072
086
743
675
730
• 1,009 ' 1,016

737
773
' 941

050
090
907

42
13
29

70
19
51

31
8
23

45
18

42
10
31

37
13
24

65

53
16
37

43
12
31

195. 59 215.08

207. 79

204. 02

218. 76

228. 38

225. 50

232. 09

226. 05

225. 42

695
375

699
441

660
443

587
416

499

790
495

790
505

509

656
633

663
658

651
614

702
652

787
794

SOFTWOODS
Douglas fir:
Orders, new
Orders, unfilled, end of period
Production
Shipments
Stocks (gross), mill, end of period

do
do
do

7,134
7,196
920

r 8, 322
r 8, 293
-949

' 633
' 677
'992

'658
' 697
'953

'700
'007
' 731
' 745
' 939

Exports, total sawmill products
Sawed t lmher
Boards, planks, scantlings, etc

do
do
do

505
125
398

602
180
422

42
13
29

83
19
64

47
11
37

158. 88

191.24

171.45

187.49

mil. bd. ft__
do

17,074
453

i 7,879
443

726
479

733
470

632
418

Production
do
Shipments
do
Stocks (gross), mill and concentration yards, end
of period
mil. bd. ft..

16,790
16,965

i 7,987
i 7,889

694
499
664
671

710
746

743
742

716
684

1,134

1,232

1,184

1,148

1,149

1,181

1,204

1, 227

1, 232

1,269

1, 319

1,312

1,310

1,286

Exports, total sawmill products

M bd. ft._

67,502

140,386

12,872

9,322

11,438

11,361

9,114

12,833

17, 349

9,455

16, 361

13,413

17, 548

14,938

18,473

Prices, wholesale (Indexes):
Boards, No. 2 and better, 1" x 6", K. L .
1967 = 100..
Flooring, C and better, F . G., 1" x 4", S. L.
1967=100..

166.6

207.5

222.4

225.1

236.3

245.1

246.0

244.3

246.1

249.2

247.8

252.4

258.5

259. 5

263. 7

275. 9

233.6

231.8

233.3

235.1

237.3

237.7

238.4

238.4

238.4

238.4

240.5

242. 7

243.8

246. 0

251.5

'812
604

' 669
550

'738
555

'812
510

1,015
G37

'822
' 836

' 732
'673

'753
'733

'922
589
'914
'888

' 876
'848

840
918

' 1,394

1,420

' 1, 419 ' 1,447

232.18

245. 58

251. 21 239. 98

mil. bd. ft.
do...

Prices, wholesale:
Dimension, construction, dried, 2 " x 4", R. L.
$ per M bd. ft..
Southern pine:
Orders, new
Orders, unfilled, end of period

Western pine:
Orders, new
Orders, unfilled, end of period

226.9

213.7

230. 93

729
753

8,665
538

9, 760
554

--997
598

'824
582

'776
540

' 934
535

'825
555

8,445
8,519

r
9,789
r 9,744

'789
'901

'774
'840

' 850
'812

' 959
' 915

'872
'805

1,270

r 1,315 ' 1, 252 ' 1,186 ' 1,230 '1,244

' 1,311

'1,329

'1,315

'1,374

131.97

184. 31

165.91

161.57

168. 63 182.50

198. 68

198. 57

206.15

227.16

104.2
4.5
93.8

114.5
4.2
104.5

10.1
4.9

10.8
5.0

9.7
5.6

8.0
4.4

8.5
4.2

9.3
5.1

7.4
5.0

11.8
6.2

10.1
7.0

7.6
5.3

9.4

5.2

8.3
8.7
9.6

8.1
10.4
7.9

9.8
10.1
6.4

9.6
8.6
7.5

8.3
8.3
7.1

8.5
8.1

7.9
7.5
8.5

9.8
10.5
7.7

9.4
9.3
7.2

9.1
9.3
7.1

9.5
9.1
6.1

do
do
do

Price, wholesale, Ponderosa, boards, No. 3, 1 " x
12", II. L. (6' and over)
$ per M bd. ft..

748

r

mil. bd. ft_.
do

Production
Shipments
Stocks (gross), mill, end of period

G74
' (137

'820
'821

1,369
216. 44

219.96

HARDWOOD FLOORING
Oak:
Orders, new
Orders, unfilled, end of period
Production
Shipments
Stocks (gross), mill, end of period

mil. bd. ft_.
do
do
do
do

98.8
12.5

109.3
8.9

10.8
5.9
8.9
10.0
6.2

5.6

METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous. sh. tons..
Scrap
do
Pig iron
do
Imports:
Steel mill products
Scrapf
Plgironf

do_
do'
do_

2,953
9,608
60

2,654
8,120
57

232
671
7

318
769
3

280
631
3

193
709
3

183
644
4

186
554
6

228
634

162
511
4

205
465
3

202
532
11

233
449
4

178
524
10

151
654
6

12,012
305
478

14, 285
507
415

1,355
57
39

1,190
68
42

1,201
49
17

1,283
28
55

1,268
26
22

1,597
50

1,364
34
64

1,121
55

1,002
53
20

1,175
62
17

1,115
80
14

1,817
43
36

1,819
Ml
58

50, 035
i 41,144
i 89,914
i 9, 988

4,596
3,864
8,172
9,381

4,314
3,375
7,402
9,652

4,407
3,520
7,647
9,918

4,291
3,225
7,508
9,918

4,113
3,247
7,345
9, 928

3,786
3,090
6,873
9,890

3,661
2, 940
6,508
9, 988

3,497
3,338
6, 735
9, 723

3,591
3,567
6,663
9,828

• 4, 436
• 4, 393
• 8, 255
• 9,864

-8,097
9, 882

Iron and Steel ScrapH
Production
Receipts, net
Consumption
Stocks, end of period...

thous. sh. tons..
do
IdoIZIZ
do

i
i
i
i

46,042
36,753
82,331
8,766

Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ per lg. t o n . . 70.83
73.62
78.50
85.10 78.64
Pittsburgh district
do. _,_
79.10
82.00
72.50
91.00
85.00
r
Revised.
* Preliminary.
>
i Annual data; monthly revisions are not available.
2
Effective- with Feb. 1977, composite reflects substitution of Los Angeles for San Francisco;
effective July 1977, it reflects addition of Detroit and Houston.
9 Totals include data for types of lumber not shown separately.




4,325
4,324

63.32 2 GO. 47
60.02
68.01
61.69
63.22
74.03
67.03
73.66
67. 00
74.00
75.50
70. 50
76.00
67.50
67.50
64.00
74.00
69.00
fEffective Aug. 1976 SURVEY, scrap excludes imports of rerolling rails and pig iron excludes
sponge iron imports previously included.
U Effective with 1974 annual and Jan. 1975 figures, data reflect expanded sample and
exclusion of direct-reduced (prereduced) iron, previously included in scrap series.

SUEVEY OF CUKRENT BUSINESS

S-32
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS

1975

1976

1976

Annual

August 1977

June

July

Aug.

Sept.

1977
Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

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.
Bliipments from mines
do...
Imports
do —

78,866
75,967
46,742

79,264
77,216
44,390

7,846
8,910
4,554

7,188
9,314
5,109

7,424
9,593
5,333

7,416
8,739
5,057

6,755
7,639
4,114

6,090
6,806
3,904

6,134
5,528
3,422

5,642
2,220
2,252

5,968
2,139
1,184

6,205
2,156
881

6,084
4,824
2,051

6,971
8,176
3,078

4,299

U.S. and foreign ores and ore agglomerates:
Receipts at Iron and steel plants
do.
Consumption at iron and steel plants
do.
Exports
do.

112,718
106,230
2,538

117,697
114, 324
2,913

12,862
10,347
271

13,892
10,554
541

13,134
9,262
363

11,432
8,976
160

10,053
8,205
268

9,274
8,195
238

3,471
7,873
123

3,232
7,890
2

4,251
9,641
31

7,058
9,667
364

11,119
10,930
376

12,680
10,108
393

do.
do.
do.
do-

69,144
12,299
52,231
4,614

75,035
14,026
56, 246
4,763

64,087
20,793
39,852
3,442

65,298
18,558
43,256
3,484

13, 873
10,269
424
66, 643
16, 392
46,959
3,292

69,331
15,078
50,864
3,389

71,430 73,240
14,171 13,460
53, 319 55,167
4,613
3,940

41,991
3,509

do

1,033

1,053

161

45

134

87

75

93

75,035 73,533 72,233 70,055 68,485 67, 701
14,026 17,117 20, 928 24,978 26,220 25, 012
56, 246 51,843 47,186 41, 804 39,195 39,381
4,763 4,573 4,119
3,273 3,070 3,308
114
29
48
121
70
53

Pig Iron:
Production (excluding production of ferroalloys)
thous. sh. tons.. 79,923
179,638
Consumption
do
U,435
Stocks, end of period
do

86,870
86,929
1,513

7,874
7,859
1,356

7,999
7,930
1,418

7,751
7,702
1,501

6,995
7,021
1,489

6,969
6,998
1,486

6,382
6,402
1,492

181.76

3182. 33

182. 25

994
12,444
6,434

834
14,179
7,008

920
1,325
666

895
1,056
552

892
1,195
631

855
1,197
594

842
1,205
606

820
1,160
545

64
729
431

56
847
491

11,605
89.7

11,400
84.8

11,128
82.8

10,463
80.4

10,295
75.8

508
153
126

486
119
95

455
134
110

452
158
134

Stocks, total, end of period
At mines
At furnace yards
At U.S. docks
Manganese (mn. content), general Imports

119

Pig Iron and Iron Products

Price, basic furnace

$ per sh. ton..

Castings, gray and ductile iron:
Orders, unfilled, for sale, end of period
thous. sh. tons..
Shipments, total
do.
For sale
do.
Castings, malleable Iron:
Orders, unfilled, for salo, end of period
thous. sh.tons..
Shipments, total
do For sale
do.

6,272
6,275
1,513

5,985
5,984
1,530
182. 25 182,25

5,827
5,860
1,520

834
1,036
482

883
1,088
479

901
1,130
507

'884
1,362
629

'920
1,302
'632

'1,357
'660

913
1,424
703

9,494
72.2

9,215
67.8

9,089
66.8

8,859
72.1

11,049
81.2

11,167
83.3

12,201
88.1

11,384
84.9

429
155
132

424
145
123

432
144
125

450
137
121

446
131
116

436
160
139

-•447
'145
'123

434
156
132

7,981

8,369

8,811

374
702
164

385
417
713
175

401
'410
719
164

1,417
848
397
164

1,514
926
408
173

625
221
474
3,941
1,412
1,665

677
240
561
4,124
1,429
1,724

182.25

7,174
7,382
7,227
7,396
1,505
1,526
178.00 178.00

7,962
053
v\, 507
178.00

7,530

J>8,

'964

178.00

178.00

Steel, Raw and Semifinished
Steel (raw):
Production
thous. sh. tons 1116,642 U 27,943
'80.9
Rate of capability utilization*
percent..
76.2
Steel castings:
Orders, unfilled, for sale, end of period
432
748
/
thous. sh. tons.
1,805
1,927
Shipments, total
do...
1,512
1,575
For snle, total
do-..

10,399
"76.7

Steel Mill Products
Steel products, net shipments:
Total (all grades)
thous. sh. tons.
By product:
Semifinished products
do...
Structural shapes (heavy), steel piling
do...
Plates
do...
Rnlls and accessories
do...

79,957

i 89,447

8,537

7,480

7,519

7,646

6,996

6,717

6,334

6,459

6,690

8,750

3,910
5,121
8,761
1,965

4,384
4,187
7,160
2,017

458
430
719
176

342
420
687
161

345
326
560
155

379
343
593
167

306
323
559
158

319
307
510
182

321
303
540
187

275
299
525
143

295
320
554
141

389
380
750
193

Bars and tool steel, total
Bars: H o t rolled (incl. light shapes)
Rei nforci ng
Cold
finished

do.
do.
do.
do.

13, 367
8,146
3,666
1,486

114, 234
1
8, 664
i 3,876
1,618

1,335
794
375
159

1,109
659
325
120

1,223
750
328
139

1,340
824
356
153

1,164
664
355
138

1,041
614
291
128

1,013
611
274
122

1,024
624
265
129

1,086
663
281
136

1,425
874
377
166

Pipe a n d tubing
Wire and wire products
Tin mill products
Sheets and strip (Incl. electrical), total
Sheets: Hot rolled
Cold rolled

do.
do.
do.
do.
do.
do.

8,228
2,154
5,687
30, 763
11,222
12,841

6,265
2,461
6,436
42, 303
15,090
18,265

568
242
599
4,011
1,499
1,646

457
213
540
3,549
1,313
1,496

497
191
518
3,704
1,366
1,569

490
210
477
3,647
1,350
1,505

494
199
464
3,328
1,164
1,460

456
168
457
3,279
1,127
1,474

460
166
470
2,873
1,037
1,228

437
170
622
2,963
1,004
1,322

528
183
505
3,077
1,113
1,343

679
239
782
3,913
1,363
1,697

15,622 4 14,615
8,767 * 7,508
3,927
4,502
15,214
21, 351
3,152
3,056
5,173
5,180
6,053
6,914
22, 049 * 26,371

4,199
2,063
1,296
5,684
743
1,357
1,836
7,349

By market (quarterly shipments):
Service centers and distributors©
do.-_
Construction, Incl. maintenance©
do
Contractors' products
do--.
Automotive
do-_.
Rail transportation
do
Machinery, industrial equip., tools
do
Containers, packaging, ship, m a t e r i a l s . . . d o
Other©
do...
Steel mill shapes and forms, inventories, end of
period—total for the specified sectors:
mil. sh. t o n s .
Producing mills, inventory, end of period:
Steel in process
mil. sh. tons.
Finished steel
do...
Service centers (warehouses), inventory, end of
period
mil. sh. tons.
Consumers (manufacturers only):
Inventory, end of period
do...
Receiptsduring period
do...
Consumption during period
do...

33.9
10.0
6.7

36.4

34.5

12.2
7.5

3,708
2,023
1,174
5,343
737
1,303
1,676
6,670

35.6

11.2
6.8

36.0

3,492 21,354 2 1,430 21, 487
2 781
2 675
2 679
1,681
2
2 505
2 436
972 2 405
5,324 1,857 2 2,011 2 2, 066
2 276
2 309
2 284
788
2 529
2 472
2 501
1,318
2
2 635
504
2 555
1,971
6,371 2 2,426 2 2,453 2 2,531

3,156
1,713
960
4,873
1,237
1,428
5,828

12.2
7.3

6.7

6.5

6.4

10.2
62.6
62 9

10.1
5.7
5.6

10.2
4.9
4.8

12.0
7.3
6.2

6.4

6.5

6.4

10.3
5.1
5.0

10.2
5.3
5.4

10.2
5.1
5.1

10.3
5.0
4.9

10.2
4.5
4.6

10.2
4.8
4.8

6.7

10.5
58.9
62.1

11.7
7.2

12.2
7.2

12.2
7.5

34.'

35.5

36.4

35.7

11.9
7.2

' Revised. 2 * Preliminary.
>
i3
Annual data; monthly or quarterly revisions are not
available.
jr o r month shown.
Avg. for 8 months; price not available for July-Oct.
1976.
< See note "© " for this page.
* New series. Source: American Iron and Steel Institute. The production rate of capability utilization is based on tonnage capability to produce raw steel for a full order book




35.5

1,373
834
373
159
614
234
457
3,678
1,292
1,595

11.9
7.1

35.5

11.0
7.1

11.2
7.4

6.3

11.1
6.9
'6.3

'6.4

10.2
5.0
5.0

10.1
'5.7
'5.8

10.2
5.
5.7

10.9
7.0

6.6
'10.3
'5.9
'5.

10.0
6.1
5.8

based on the current availability of raw materials, fuels and supplies, and of the industry s
coke iron steelmaking, rolling and finishing facilities. Data prior to 1975 are not available.
©Beginning Jan. 1976, data are not comparable with those for earlier periods since oil &
gas supply houses and pipelines, which were formerly shown in " Servi je centers and distributors" and "Construction, incl. maintenance," respectively, are now included in Other.

SUKVEY OF CURRENT BUSINESS

August 1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are a s shown
in the 1975 edition of B U S I N E S S S T A T I S T I C S

1975

1976

Annual

S-33
1977

1976

June

July

Aug.

Sept.

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..
Recovery from scrap (aluminum content)__do

3,879
11,156

4,251
1,346

345
115

365
105

371
117

116

391
118

387
119

400
106

109

352
109

379
124

371
123

382
120

do
do

457.9
61.0

568.7
87.1

33.2
7.5

68.6
8.0

27.9
6.1

34.2
5.9

33.6
6.5

25.9
6.5

15.8
5.5

48.5
5.0

60
.

59.3
6.1

59.8
4.8

74.1

do
do--.-

185.8
185.4

152.4
222.1

70.9
8.4
9.7
18.4

10.5
19.8

6.2
18.9

7.5
18.3

12.7
21.0

9.8
13.2

10.6
18.1

4.3
11.7

.3979

.4449

.4400

.4400

.4691

.4800

.4800

.4800

.4800

.4800

.4878

.5100

2.2
7.9
.5100

6.7
18.1

Price, primary ingot, 90.5% minlmum-.$ per lb._

13.1
19.2
.4800

10.4

23.9

.5100

960.9 1,055.6
742.5
802.3
432.5
494.3
160.6 ' 147. 6

885.8
742.5
422.5
168.7

976.9 1,432.1 1,204.6
752.7 1,022.6 952.1
429. 6 606.3 557.4
166.2
166.9
186.7

, 196. 5
967.2
564.4
171.9

179. G

5,804

5,874

5,579

5,525

Imports (general):
Metal and alloys, crude
Plates, sheets, bars, etc
Exports:
Metal and alloys, crude
Plates, sheets, bars, etc

Aluminum products*.
Shipments:
Ingot and mill prod, (net ship.)
Millproducts, total
Sheet and plate
Castings

mil. lb-.
do
do
do

9,804
7,427
4, 052
1,376

12,568 1,168.5
' 9, 716 916.3
' 5,584
533.6
' 1,845 ' 163. 4

Inventories, total (ingot, mill products, and
scrap), end of period
mil. l b . . 5,999
5,634
Copper:
Production:
1
Mine, recoverable copper
thous. sh. tons_- 1 1,413.4 11,611.3
Refinery, primary
do
1,443.4 11,537.2
From domestic ores
do
1 286.2 i 1,420.6
From foreign ores
do
i 157.2 1116. 6
Secondary, recovered as refined
do
330.0
Imports (general):
Refined, unrefined, scrap (copper cont.)__do
Refined
do
Exports:
Refined nnd scrap
_
.do
Refined
do
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
Lead:
Production:
Mine, recoverable lead
thous. sh. tons..
Recovered from scrap (lead cont.)
do
Imports (general), ore (lead cont.), metal.._do
Consumption, total
do
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
thous. sh. tons_.
Refiners' (primary), refined and antimonial
(lead content)
thous. sh. tons_Consumers' (lead content) d"
do
Scrap (lead-base, purchased), all smelters
(gross weight)
thous. sh. tons_.
Price, common grade, delivered
$ per lb..

5,596

5,542

5,523

5,589

5,689

5,631

129.3
133.9
125.2
8.7
28.0

127.4
111.8
104.4
7.4
24.0

143.3
128.9
118.7
10.2
26.0

144.0
143.7
132. 8
10.9
30.0

149.2
134.8
126.9
7.9
26.0

135.9
133.0
121.1
11.8
41.0

138.4
136.0
124.0
12.0
30.0

33.0
22.1
23.4
9.4

35.9
13.5

42.4
30.2

19.1
10.4

39.2
26.8

29.9
21.7

34.1
17.7

49.6
35.0

44.2
28.6

41. 9
36.0

23.0
10.0

22.7
11.5

20.4
7.3

40.6
26.8
17.1
6.8

13.9
3.7

11.1
1.8

13.6
2.6

13.1
3.9

14.7
4.0

36.0
5.2

164
500
144

171
480
124

164
519
146

167
568
152

168
651
177

158
647
178

169
668
181

230
666
194

198
662
220

.7462

.7462

.7206

.7062

.6577

.6624

.6862

.7255

.7439

.7261

.7120

330.0
146.8
333.1
172.4
1,541
538
177

547.4
384.1

53.8
38.5

77.9
66.6

r 250.0
113.1

22.4
9.4

1,991
651
177

187
-•485
'168

22.3
8.7
142
499
149

.6416

.6956

.7062

.7462

2,025
2,056
512

2,520
2,383
547

672
635
138

i 621.5 i 609.5
682.5
i 658.5
188.6
224.6
1,297.1 '1,429.1

50. (
57. i

48.1
49.8

30.4
118.2

617
59^

159.0
147.1 r 146.5
131.9
142.0
125.5 123.6 • 169.0 • 166.2 16G. 9
118.0 ' 114.4 • 160.1 157.3 • 15G. 4
10.5
9.5
8.8
9.2
7.5
39.0
32.0
31.0
30.0
36.0

r
r

10.4

.6800

701
659
145

582
581
142

131

138.5
176.9
1GG. 5

56.1

49.0
58.4

49.7
64.9

51.2
57.3

45.0
54.3

49.1
58.3

56.8
68.2

53.2
61.4

48.4
61.1

50.3

13.0
101.4

51.0
57.4
11.1
116.2

12.9
121.2

21.5
130.4

18.5
122.5

24.3
120.0

19.7
123.4

24.0
114.5

22.3
134.4

15.4
126. 9

19.8
121.8

6.2

180.7

200.8

192.4

191.7

185.2

182.9

187.2

180.7

169. £

173.2

162.5

163.4

158.0

81.3
* 133.3

43.7
110.1

83.7
118.0

76.1
117.9

66.3
119.8

60.9
117.7

51.8
109.5

43.8
108.0

43.7
110.1

36.5
104.2

27.1
106.1

22.7
104.9

20.5
101.6

19.7
101.1

96.0
.2310

87.7
. 2300

91.8
.2424

91.2
.2476

98.2
.2483

97.1
.2574

95.6
.2579

85.0
96.0
. 2582 .2686

84.0

.2153

89.3
.3100

90.6
.3100

89.0
.3100

.3100

6,415
44, 365
15,869
1,917
55, 800
43,620

5,733
45,055
14,057
2,393
67,567
53,850

942
6,276
1,224
203
5,965
4,665

0
4,207
955
244
5,240
4,410

666
3,316
1,275
305
5,380
4,330

392
3,905
1,245
229
5,680
4,695

0
2,195
1,245
249
6,395
5,120

3,484
1,245
208
5,950
4,609

1,346
4,956
1,275
193
5,700
4,600

522
4,523
1,480
150
6,800
5,300

499
3,955
1, 210
150
5,800
4,600

497
3,711

2,429
3,549

do.:_
do _
_
$ per lb_

3,597
9,536
3.3982

2,337
7,282
3 3.7982

282
8,375
3. 8932

104
9,623
4.2294

113
8,749
4.0353

418
7,871
3. 9638

79
7,949
4.0044

266
7,213
4.0778

352
7,282
4.1817

2
4,016
1,140
120
5,600
4,400
594
8,032
4.6347

606
616
7,883
5,874
5. 0743 5.1893

370
6,175
4. 8007

4.8861

4.8179

thous. sh. tons^

469.4

40.8

38.7

37.1

40.6

37.3

36.6

39.1

40.5

41.9

40.2

__ _ __do
do._.

145.0
380.4

97.1
714.5

9.4
77.2

9.8
60.6

7.3
51.6

14.3
76.6

2.6
63.7

8.9
52.4

8.0
62.5

10.3
34.0

4.3
37.8

7.3
51.6

4.7
60.8

4.G
52.1

182.7
223.8

96.6
202.3

8.3
15.3

8.8
14.8

9.2
16.1

6.6
16.4

7.8
16.0

6.8
15.7

7.1
15.1

6.3
15.0

7.7
15.2

8.1
16.4

8.3
16.4

9.3
16.2

438.1
498.9
57.9
63. G
925.3 1 127 1
6.9
3.5

39.6
5.6
104.5
(2)

40.6
4.4
87.7
(a)

36.1
3.
99.5
2.9

37.1
3.5
103.8

42.7
3.9
91.4
.1

37.0
4.2
81.4
.2

41.4
3.7
79.1
.1

42.5
3.1
83.6
.1

82.0
0

38.8
4.8
106.2

38.7
'4.2
9G.2

34.2
3.0
96.5

75.7
107.3
.3896

69.2
121.4
.3700

73.0 64.6
126.5 134.2
.3700 .3700

59.1
136.3
.3700

Exports, incl. reexports (metal)t
Stocks, pig (industrial), endofperiodf
Price, Straits quality (delivered)*

Consumption (recoverable zinc content):
Ores
Scrap, all types

do_
do_

Slab zinc: §
Production (primary smelter), from domestic
and foreign ores
thous. sh. tons_.
Secondary (redistilled) production
do
Consumption, fabricators.
do
Exports
do__._
Stocks, end of period:
Producers', at smelter (ABMS)O
do
Consumers'
do
Price, Prime Western
$perlb..

88.8
111.8
.3701

J
' Revised.
i Annual data; monthly revisions are not available.
Less than 50 tons.
3
See " • " note.
cfIncludes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
§ All data (except annual production figures) reflect GSA remelted zinc and zinc purchased
for direct shipment.
©Revised Dec. 31 stocks for 1970-73 (thous. tons): 124 2; 48 6- 30 125.9. Producers' stocks elsewhere, end of July 1977, 41 385 tons




5,648

5,543

191.4

Tin:
Imports (for consumption):
Ore (tin content)!
metric tons^
Metal, unwronght, unalloyedt
do
Recovery from scrap, total (tin cont.)t
do
As metalt
do
Consumption, totalf
do
Primary t
do

Zinc:
Mine prod., recoverable zinc
Imports (general):
Ores (zinc content)
Metal (slab, blocks)

942.1 1,173.0 1,007.3 1,015.6
801.4
851.2
870.8
784.0
468.8
487.6
499.7
454.0
• 129. 8 ' 148. 9 ' 152. 5 '150.8

1,079
4,577
1,275
125
5,500
4,500

.3100

381

5.1804

'38.9
8.1
36.2

90. 5
84. 2
78,9
77.3
58.9
67.9
74.9
112.9 105.2
107.7
116. 7
108.0
111.8
.3400
.3700 I .3700
.3400
.3557
.3700
.3700
.3700
•New series effective with data for Jan. 1976. Source: Metals Week. MW Composite monthly
price (Straits quality, delivered) is based on average of daily prices at two markets (Penang,
Malaysia—settlement, and LME 3-month—High grade), and includes fixed charges plus
dealer's and consumer's 70-day financing costs; no comparable earlier prices are available.
t Effective with the Apr. 1977 SURVEY, data are expressed in metric tons (to convert
U.S. long tons to metric tons, multiply b y factor, 1.01605).
72.6
136.1
.3700

82.7
124.3
.3700

SURVEY OF CURRENT BUSINESS

S-34
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of B U S I N E S S STATISTICS

1975

August 1977

1976

1976

Annual

June

July

Aug.

Sept.

1977
Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May-

July

June

METALS AND MANUFACTURES—Continued
MACHINERY AND EQUIPMENT
Heating, combustion, atmosphere equipment, new
orders (domestic), net, qtrly 9 O
mil. $._
Electric processing heating equip
do
Fuel-fired processing heating equip
do

146.4
43.6
52.4

184.3
35.8
77.3

53.3
8.9
27.0

Material handling equipment (industrial):
Orders (new), index, seas, adj
1967 = 100..

135.6

167.5

169.7

154.9

184.4

188.0

Industrial trucks (electric), shipments:
Hand (motorized)
number..
Rlder-t y pe
do
Industrial trucks and tractors (Internal combustion
engines), shipments
number..

15,063
19,381

15, 786
16,152

1,414
1,332

1,391
1,365

1,206
1,204

1,410
1,588

36,388

33,930

3,139

2,550

2,739

142.3

165.4

163.4

164.6

165.2

183.8

180.2

186.5

169.4

178.4

178.2

Industrial supplies, machinery and equipment:
New orders index, seas, adjusted...1967-69=100..
Industrial suppliers distribution:
Sales index, seas, adjusted
1967=100..
Price index, not seas. adj. (tools, material handling
equip., valves, fittings, abrasives, fasteners,
metal products, etc.)
1967=100..
Machine tools:
Metal cutting type tools:
Orders, new (net), total
Domestic
Shipments, total
Domestic
Order backlog, end of period
Metal forming typo tools:
Orders, new (net), total
Domestic
Shipments, total
D omesti c
Order backlog, end of period

mil. $__ 915.90 1, 662.15
780.50 1,476.60
do
do
1,878.65 1,482.10
do
1,548.10 1,269.85
do
1,062.4 1, 242. 4
do..
do_
do
do _
do_

Tractors used in construction, shipments, qtrly:
Track laying, total
units..
mil. $..
Wheel (contractors' off-highway)
units..
mil. $..
Tractor shovel loaders (integral units only), wheel
niid tracklaying types
units..
mil. $..
Tractors, wheel, farm, nonfarm (ex. garden and
construction types), ship., qtrly
units..
mil. $..

45.8
10.6
18.9

122. 45
110. 30
128.15
104.55
961.7

49.0

45.5
10.7
18.2

17.0
22.3

18.1

177.9

198.5

209.7

226.1

227.7

235.7

1,403
1,615

1,527
1,629

1,396
1,618

1,242
1,678

1,439
1,660

1,569
1,912

1,385
1,674

1,351
1,929

1, 670
2,182

3,097

3,519

3,520

2,594

3,669

4,014

4,274

3,677

,3, 666

3,9.36

161.9

169.2

171.2

171.9

178.7

187.6

188.3

194.6

201.7

198.8

199.1

192.8

190.2

186.6

186.8

187.5

191.2

186.4

196.9

205.0

201.9

207.5

179.1

180.4

181.5

182.9

183.7

185.8

187.5

188.2

188.7

189.4

190.3

126. 30 146.55 166.55 190. 55
118.00 134.75 130.75 168. 60
97.35 92. 25 140.35 112. 60
121.90
96. 95
78.65
84.30
990.6 1,044.9 1,071.1 1,149.0

201.30 171.10
191.35 150.50
117.10 161.95
106.10 145.70
1,233.2 1,242.4

153. 45 135.35 200.20
139. 70 117.20 186.95
94. 30 111.90 129.90
99. 50 117.50
80.55
1,301.6 1,325.1 1,395.4

568. 05
508. 95
577.55
473. 50
209. 2

49.80
47.55
54.30
44.50
173.8

19,533
1,025. 7
3.772
238.3

• 5,043
250.2
• 1,1G7
76.9

4,711
71.9
902
60.0

4,558
248.6
813
49.5

4,963
267.8
1,037
62.2

37,956
1,132. 7

34,543
975.7

9,410
249.4

8,592
255.8

7,628

207,036
2,451.5

674.4

43,112
522.3

60,072
785.5

187.2")
199.70
159.55
175.00
15-).()")
130.50
136.50
118.20
1,536.1 l, .508.2

P12"). 0.")
P122. ")()
P114. 10

pl,595.8

10,827
320.9

224,259
2,321.5

196.75
188.05
125.25
110.95
1,460.9

207.9

270.45
212.65
573.05
484.50
218.6
20,453
1,111.5
4,592
289.6

r

57.00
50.95
51.30
43.40
179. 5

55.50
51.85
32.05
25. 90
202.9

543,404
5 458.1

60.40
55.30
47.05
39.30
216.3

48.80
39.05
50.50
41.95
214.6

43.85
39.00
59.90
46.60
198.6

5

53,968
5625. 2

44,189
538.4

58.15
53.50
47.55
40.65
209.2

56. 55
52.65
56.75
50.65
204.4

46.15
42. 50
50. 75
36.45
204.6

62. 55
53.00
53.30
49.15
213.6

66.25
60.10
55. 20
50.65
228.3

55.15
51.35
51.50
45.70
217.3

r

70.00
02. 30
07. 20
r
04. 30
'231.1
r

r

9r,
85
r>48. 50
P44. 3f)

PG9.
PG3.

P252.0

'1,583 3 1,787
3 79.7 3 95.7

r

19,424 » 19,951
3 245. 0 3 253. 8

ELECTRICAL EQUIPMENT
Batteries (auto.-typereplacement), ship

thous..

42,582

49,203

3,524

3,523

4,335

4,872

5, 313

5,052

5,460

4,909

4,314

3,947

3,183

3,302

Radio sets, production, total market
thous..
Television sets (incl. combination models), production, total market
thous..

34,516

44,102

;

3,095

2,924

4,929

2 4,671

5,365

3,616

2 3, 526

2,697

2,738 2 3,832

2, 935

3,391

!

3, 684

4,404

10,637

14,131

!

1,364

908

1,262

2 1,647

1,407

1,219

2 1,216

1,103

1,141

2 1, 346

1,203

1,255

• 1,431

1,127

2,132
173. fi
209. 7
183.9
202. 2
488. 3
105. 3
344.7
219.1

2,075
77.6
245.7
238 2
206.7
420.7
142.8
414.7
305. 9
2,301.5

2,056
83.0
321.6
235. 7
224.1
392. 7
108.2
369. 6
295.1

1,868
83.6
301. 4
193.8
207.8
330.7
84. 9
345. 0
295. 3

1,714
186. 9
245.3
202.4
187.5
289. 5
81.3
277.1
217.8
2,490.9

1,907
219.2
239.4
224. 3
187.0
354. 9
101.1
352. 0
247.7

2,179
253.4
272. 0
228. 7
193.4
374. 6
107.1
406. 6
292. 2

4

2, 580
440.8
255. o
229.1
242. 3
456. 7
136. 2
404. 9
246. 3

• 3,036

75.3
280.5
234.4
215.5
477.0
169.0
444.2
300.6

124.5
116.3
228. 9

124.6
139. 7
213.1

154.1
165.1
236.6

169.8
148.1
246.4

132.6
136.1
240.4

125.1
152.4
251. 5

129.2
113.6
249. 9

118.5
133. 7

127.9
170.0
290. 9

120.9
142. 5
298. 8

435
42

600
59

500
18

550
84

575
20

425

46. 550

46. 550

46. 550

46. 550

46. 050

40. 050

50,365

65,020

57 160

61. 560

03, 180

47,785

Household major appliances (electrical), factory shipments (domestic and export) 9
thous.. i 24 29°
*2,670
Air conditioners (room)
do
2,702
Dishwashers
do
2,080
Disposers (food waste)
do
1
Ranges
do
2,082
Refrigerators
do
4,577
Freezers
do
2,457
Washers
do
4 228
Dryers (incl. gas)
do
2,869
Vacuum cleaners (qtrly.).._
do
7,817

25,800
i 2, 962 339.1
262.2
3,140
214. 9
2, 515
223.3
2,462
494. 6
4,817
128.4
1,548
408.7
4, 492
253. 7
3,173
9, 285 2,100.2

ri
r
r
r
r
r
r

2, 903
427. 7
316.4
252. 1
250. 4
505. 8
152. 5
478.3
336. 5
, 489. 3

4

2, 506
488.1
235. 7
225. 5
215.5
419. 9
114.9
361.5
241.5

4

3, 502

393. 4
327. 8
256. 4
288. 9
659. 1
196.3
405. 4
291.3

4

2, 5.-)0
411.1
202. f
>
228. 4
222. 9
f)2f>. 0
191.8
301.8
240. 3

GAS EQUIPMENT (RESIDENTIAL)
Furnaces, gravity and forced-air, shipments, thous..
Ranges, total, sales
do
Water heaters (storage), automatic, sales
do

1,186
1,618
2,645

1,555
1,824
3,112

116.0
180.4
277.6

' 151. 8
" 28(5. 2

111.3
155. 9
280. 8

PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
1
Production \
thous. sh. tons
6,203
Exports
do
640
Price, wholesale, chestnut, f.o.b. car at mine
$ per sh. ton._ 44.856
Bituminous:
Production t
thous. sh. t o n s . . 648,438
r

16,410
615

r

590
47

615
120

550
42

490
56

475
23

405
36

46. 428

46. 428

46. 428

46. 428

46. 428

46. 428

46. 550

43,250

53,440

59,675

57 498"

56, 995

57,046

44,555

610
75

490
47

46.428

46. 428

665,000

58 436

Revised.
v Preliminary.
i A n n u a l data; m o n t h l y or quarterly revisions not avail.
3
4
- D a t a cover 5 weeks; other periods, 4 weeks.
For m o n t h shown.
Includes U . S .
produced and imported microwave ovens and combination microwave oven/ranges as follows:
19/6—June, 98,800; July, 104,900; 1977—June, 125,800; July, 120,800; products do not add to
total shipments (which also includes compactors and dehumidifiers not shown separately)
because of overlapping product categories.
s For same qtr.—1975.
9 I n c l u d e s d a t a n o t shown separately.




r

% Monthly revisions back to 1973 are available upon request.
O Effective 1976, data reflect additional reporting firms.

SUEVEY OF CURRENT

August 1077
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS

1975

1976

1976

Annual

S-35

June

July

Aug.

Sept.

1977
Oct.

Nov.

Jan.

Dec.

Feb.

Mar.

Apr.

May

June

July

G, 019
' 389.7

392.2

PETROLEUM, COAL, AND PRODUCTS—Continued
COAL—Continued
Bituminous—Continued t
Industrial consumption and retail deliveries, 2
total?
thous. sh. tons-. 556,301
403,249
Electric power utilities
do
145, 746
M fg. and mining industries, total
do
83, 272
Coke plants (oven and beehive)
do

597, 479
445, 750
144,817
84,324

48,472
36,279
11,827
7,154

2 7, 282

6,900

365

-do-

Retail deliveries to other consumers..

Stocks, industrial and retail dealers', end of period,
total
thous. sh. tons.. 127,115
Electric power utilities
d o — 109, 707
17,175
Mfg. and mining industries, total
do
8,671
Oven-coke plants
do

51,696 52,069
39,688 40,181
11,743 11,500
7,267 7,039
264

47, 750 49,248
35,845 36,619
11,463 12,067
6,908 7,042

51, 320
38,178
12,401
6,901

55,642
40, 950
13,521
6,941

57, 052
43, 094
12, 808
6,408

50, 776
37, 524
12,522
6,274

50,238
37,145
12,568
7,043

46,888
33,851
12, 456
6,806

50, 015
37, 023

560

740

1,170

1,150

730

525

580

425

440

12, 5<>(>
0,991

133,673 140,237 129,606 123,662 129,867 133, 581 134,117 133, 673 118, 080 114,387 122,584 129,830 137,518
116,554 122,113 114,099 109,516 114,328 117,459 117,322 116,554 103, 883 101, 065 107, 374 113,031 120, 358
16,879 17,986 15,367 13,972 15,352 15,932 16, 585 16, 879 14, 067 13,182 15,055 10,059 17,000
9,804 11,257
9,037
7,463
8,715
9,804
9,025
9,605
8,107
7,258 8,194
9,898 10, 025
174

187

190

210

240

130

140

155

140

160

4,223
366.7

5,613
366.8

5,871
367.0

5,451
368.0

4,625
372.8

2,143
375.3

3,079
376.5

3,390
378.0

5,639
379.1

5,673
386.1

51
5,007
2,241

48
50
4,785 4,720
2,319 2,140

42
4,857
2,135

42
4,752
2,099

55
4, 751
2,211

49
4,412
2,135

37
4,273
2,005

37
4,696
2,239

36
4,072

26
4,819

4,729
4,504
225
1,785

4, 641
4,383
258
1,840

4,445
4,202
244
1,825

4,750
4,511
239
1,867

5,179
4,939
241
1,986

5, 799
5,539
261
2,081

6,487
6,173
314
2,127

6,970
6,660
310
2,184

7,247
6, 953
294
2,282

7,297
7,005
292
2,300

7, 054
6, 765
290

0,749
6,514
235

1,315

137

101

210

170

91

90

32

91

51

108

108

95

160

Crude petroleum:
Oil wells completed
number.. 216, 408
17,020
245.7
Price, wholesale
Tndex. 1967 = 100,.
253.6
Gross input to crude oil distillation units..mil. bbl. 4,709. 3 5,081. 4
Reflnery operating ratio
% of capacity..
86
89

1,500
247.8
427.7
93

1,312
254.3
446.1
94

1,265
254.3
446.3
91

1,474
254,3
425.3
89

1,396
264.4
428.0
86

1,291
264.4
437. 3
90

1,512
264. 4
457.0
91

1,391
262.9
453.6
89

1,321
274.2
425.6
93

1,817
270.0
45G.3
90

1,405
271.0

1,382
271.0

1,720
271. 8

_do.

233

240

138

(^o
Tndox, 1967 = 100.

65,669
387.0

59, 406
367.5

6,569
365.8

thous. sh. tons.
do
do

3 727
56,494
25,848

605
57, 728
26,029

55
4,938
2,149

do
do
do
do

4,996
4,718
278
1,472

6,487
6,173
314
2,127

do

1,273

Retail dealers.
Exports.
Price, wholesale

140

COKE

Production:
Beehive
Oven (byproduct)
Petroleum eoke§
Stocks, end of period:
Oven-coke plants, total
At furnace plants
At merchant plants
Petroleum coko
Exports

PETROLEUM AND PRODUCTS

All oils, supply, demand, and stocks:
New supply, totalcfj
Production:
Crudo petroleumt
Natural-gas plnnt liquids
Imports:
Crude nnd unfinished oils
Refined products}:

mil. bbl.. 5,876.9

529.7

532.0

533.0

532.8

559.1

3, 056. 8
609.7

2, 971. 7
601.0

244.3
49.4

251.2
50.7

250.3
50.5

245.6
49.1

249.5
50.7

241.3
49.7

1,511.2
699.2

1,946.9
723.1

169.1
55.3

180.3
64.3

172.7
56.1

177.1
60.2

177.1
55.6

179.1
62.7

184.8
75.4

do

» 11.8

-21.1

20.3

40.8

23.3

33.8

12.3

-23.0

-69.0

6, 033. 9

6, 465.7

511.4

522.5

522.7

510.6

534.7

575.8

644.3

do
do

2.1
74.3

2.9
78.7

0
6.4

0
7.5

.4
6.4

0
5.9

.6
5.6

.9
9.5

5, 957.5 6,384.1
2,450. 3 2,567.2
58.0
61.8

505.1
226.0
3.6

515.0
228.0
3.1

515.9
223.7
2.9

504.8
213.5
4.5

528.6
215.9
4.8

565. 4
212 2

£5

1.1
7.6
635.7
222. 2
9~!4

do
do
do
_

Lubricants!
Asphalt
Liquefied gases
Stocks, end of period, total
Crude petroleum
Unfinished oils, natural gasoline, etc
Refined products

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

1, 040. 6
898.6
365.3

1,145. 6
1,019.6
361.4

73.1
75.6
29.2

69.9
79.2
34.1

69.4
83.0
29.9

78.5
75.5
31.4

93.9
77.9
28.2

111.4
97.6
29.4

144.2
111.8
31.8

50.2
147.4
486.4

55.7
146.8
514.0

5.0
17.0
33.3

5.1
17.9
34.2

4.5
20.0
37.6

4.9
17.7
37.3

4.6
15.2
46.4

4.5
11.2
52.4

4.6
6.1
59.6

506.1

r

549. 7

589.0

225.9
45.8

248.7
53.7

1%. 0 ' 180. 9
79.3
^ 91.1
-46.9
-14.4
040.9 r
578. 5
.4
1.7
5.5
4.9
634.9 ' 572.0
201.2
194.1
Ml. 1
7.4

206.7
79.9

r

158.4 r 132. 0
' r 116. 0 r 102. 5
32.7
29.0

100.0
97. 6
32.3

3.5
5.3
' 53. 6

5.9
8.1
42.0

241.5
49.2
r

4.4
5.0
' 59. 8

36.3
566.1
1.0
5.4
559. 7
215. 0
4.4

1,133. 0 1,111.8 1,093.6 1,134.4 1,157.7 1,191.5 1,203.9 1,180. 8 1,111.8 1, 064. 9 1,050.5 1,086.8
271.4
281.7
285.5
282.6
277.3 284.4
291.4
297.7
285. 5 294.0
298.8
299. 5
113.7
120.0
118.9
118.6
121.3
116.6
118.6
108.5
118.3
120. 5
112.1
113. 6
747.9
691.9
788.3
707.7
730.5
763.9
707.7
050. G 673.8
787.9
761.5
658.8
2, 393.6
.8
238.0

2,517.0
1.3
234.3

220.6

0)

223.9

0)

229.4

223.3
2
233^2

227.7
Prices fexcl. aviation):
Wholesale, regular
Tndex, 2/73=100..
228.9
211.8
233.4
242.9
239.1
Retail (regular grade, excl. taxes), 55 cities
(mid-month)
$ per gal_.
.455
.474
.487
.479
.485
Avlation gasoline:
Production
mil. bbl
1.4
1.4
1.6
13.7
13.3
Exports
do
.1
0)
0)
.2
0)
Stocks, end of period
do
3.0
2.3
2.5
2.8
Kerosene:
Production
do
3.5
55.7
55.7
3.3
4.3
Stocks, end of period
do
13.1
12.5
13.4
15.6
15.0
Price, wholesale (light distillate)
Index, 1967=100..
303.2 304.9
285.6
311.9
308.8
r
Revised.
1 Less than 50 thousand barrels.
2 Reflects revisions not available by
months.
» Not comparable with data for earlier periods because stocks cover 100 additional
terminals beginning Dec. 1974.
9 Includes data not shown separately.
§ Includes nonmarketable catalyst coke.




r

248.2
50.8

do

Domestic product demand, total 91
Gasoline
Kerosene

Refined petroleum products:
Gnsoline (incl. aviation):
Production
Exports
Stocks, end of period

546.5

do
do

Demand, totalX
Exports:
Crudo petroleum
Refined products

Distillate fuel oilt
Residual fuel oilt
Jet fuel

518.1

do
do

Change In stocks, al! oils (decrease,—)

6,242.6

209.3

223.5
.2

229.1

230.5

234*. 3

215.8
.3
255.5

191.6
.1
258.1

244.8

244.5

243.5

241.9

239.9

240.4

245.6

249.5

254.5

258.9

261.2

.487

.487

.486

.483

.496

.503

.510

.517

.517

1.4

1.0

1.1
(l)
2.8
4.9
14.4

1.0

1.2

207.8

0)

232.6

208.1

0)

0)

214.0

0)
264.7

0)
0)
2.6
2.6
4.5
4.8
6.9
7.1
7.9
15.2
12.5
15.6
10.5
13! 6
11.7
355.0
315.5
357.2
300. 5
319.7
322.5
325.6
339.2
346.6
310.9
351.7
cflncludes small amounts of "other hydrocarbons and hydrogen refinery input," not
shown separately.
JMonthly revisions back to 1973 for bituminous coal and back to 1974
c
for petroleum and products are available upon request.
Corrected.
(0

2.7

(0

2.8

(0

JS1JNJ
t OF CUliJLiEJN T 13 L

SUJ

S-36
1975
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of B U S I N E S S STATISTICS

1976

1976

P

Annual

August 1977

June

July

Aug.

Sept.

1977

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

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 eivd of period
_
___ __do _
Price wholesale (middle distillate)
Index, 1967=100...
Residual fuel oil:
Production
mil. bbl
ImportsJ
do
Exports
do
Stocks, end of period..
_
_ do
Price, wholesale
Index, 1967—100
Jet fuel:
Production
Stocks, end of period

968.6
56.7
.3

.4

86.6

91.8

92.4

88.4

4.5
(2)

3.9

4.1
.1

4.4
(2)

(2)

92 9
4 4
(2)

95.4

100.9

4.0
(2)

5.5

104 6
10.8

r

(2)

r

103. 7
'18.6

98.6
16.1

133.3

141.9

(2)

(2)

(2)

208.8

186.0

165.1

190.9

218.0

232.3

235.6

223.7

186.0

143.0

309.4

336.8

329.2

332.1

336.0

338.8

341.2

344.0

349.6

359.0

369.4

377.8

451.0
446.5

504.0
511.7

37.2
37.2

39.3
45.3

40.9
40.5

39.9
43.3

41 9

47.4
44.2

54.9
55.5

58.6
49.5

r 54. 6
'•54.4

53.2
43.9

r

4.2

.2

.3

2

.3

2

.5

.1

.1

.2

72.3
451.7

64.3
440.1

69.8
431.9

68.5
443.7

76.4
445.5

79.1
453.8

73.3
468.7

72.3
477.8

64.7
492.3

71.4
523.1

71.2
533.1

318.0
30.4

335.8
32.1

26.4
33.9

28.9
32.7

29.2
33.1

29.7
33.2

27.6
34.0

27.6
33.9

27.9
32.1

28.4
30.2

27.3
30.5

56.2

61.8

387.0

386.8

388.7

545.9

544.0

524.5

510.2

29.6
30.7

5.3

do
do
_.do _

384.0

.1

74.1
495.5

mil. bbl
do

Lubricants:
Production
Exports
,
Stocks, end of period. _

1 070.2
52.5

5.3

5.3

5.5

5.4

55

5.4

5.4

5.0

4.7

5.5

9.1

9.5

.7

.8

.8

.9

.9

.9

.7

12.3

12.4

11.8

12.2

12.1

12.1

12.3

.7

14.3

12.3

12.3

13.0

12.0

mil. bbl
do

144.0
22.8

139.7
19.4

14.9
25.8

16.0
24.1

15.7
20.3

15.2
18.1

13 1
16.4

11.1
16.7

8.5
19.4

6.5
20.9

7.6
23.3

10.3
25.6

Liquefied gases (inch ethane and ethylene):
Production total
mil bbl
At gas processing plants (L.P.G )
do
At refineries (L.R.G.)
do
Stocks (at plants and refineries) _
do .

557.5
444.1
113.4
125.1

561.9
437.4
124.6
116.3

45.6
34.9
10.7
130.4

47.1
36.1
11.0
138.4

47.0
35.8
11.2
143.6

46.1
35.5
10.5
147.2

46.8
37.2

47.0
37.1

143.9

134.2

46.3
36.3
10.0
98.9

86.5

48.7
38.4
10.2
91.2

37.3

9.9

48.3
37.8
10.6
116.3

42.9
33.5

9.6

_. _

_

Asphalt:
Production
Stocks end of period

]PULP,

.9

9.4

.8

PAPER, AND PAPER PRODUCTS

PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption. _
Stocks, end of period

thous. cords (128 cu. ft.)
do
do

65,456
65,421
6,571

73,621
74,245
6,445

6,318
6,429
5,912

6,001
5,840
6,036

6,369
6,317
6,069

6,116
5,787
6,505

6,443
6,506
6,270

5,930
6,069
6,111

5,897
5,571
6,445

5,818
6,373
6,180

6,176
6,005
6,247

6,595
6,562
6,331

6,244
6,436
6,046

6,480
6,568
0,127

10,345
731

10,183
779

880
656

784
699

874
675

824
713

888
710

829
721

772
779

825
709

815
718

939
732

'890
'714

922
072

WOODPULP
Production:
Total, all grades
thous. sh. tons_. «43,248 * 47,033
Dissolving and special alpha. _
do
1,583
1 490
3 29,377 3 33,528
Bulfate _
do
1,951
Sulfite___
do
2 206
4,351
4,767
Groundwood
do
(4)
Deflbrated or exploded, screenings, etc do
(4)
3
3 3,201
5,042
Soda and semichemicaL.
do

4,061
141
2,871
191
401

3,713
101
2,677
161
388

4,076
126
2,890
208
415

3,613
111
2,537
180
388

4,120
117
2,976
199
382

3,966
138
2,813
189
411

3,336
112
2,438
169
337

3,753
139
2,758
180
360

3,850
120
2,741
174
402

4,112
152
3,026
191
390

' 3,999
127
' 2,986
' 172
376

4,140
139
3,079
189
385

457

386

436

396

449

415

280

317

413

354

338

348

Stocks, end of period:
Total, all mills
Pulp mills
Paper and board mills
Nonpaper mills

Waste paper:
Consumption
Stocks, end of period.

Exports, all grades, total.
Dissolving and special alpha
All other.

thous. sh. tons..
do

do
do
do
do
,

5

1,158
6 519
552
87

51 040
«586
389
65

1,215
730
434
52

1,126
620
449
56

1,081
606
417
58

1,051
578
413
60

980
514
398
68

1,133
670
395
68

1,040
389
65

1,020
605
354
62

1 045
' 593
390
63

1,132
640
424
69

' 1,132
'644
'415
72

1 144
662
412
70

do
do _
do

12,565
692
i 1, 872

12,518
730
i 1,787

216
57
159

207
53
155

232
66
166

223
48
175

201
65
136

191
60
131

210
54
156

184
53
131

236
76
160

236
65
172

246
84
162

270
80
191

206
57
150

i 3,078
140
i 2,937

i 3,727
188
i 3,539

344
7
337

307
9
298

335
20
315

306
25
281

308
23
286

297
11
286

303
17
286

281
17
263

334
8
326

359
14
345

306
19
287

304
21
283

385
18
366

4,661
2,118
2,118
8
417

5,108
2 264
9 386
8
451

4,886
2,212
2 250
7
416

4,480
2,090
2,001
6
383

4,861
2,222
2,239
8
383

4,682
2 135
2 168
7
372

5,432
2 425
2 502
9
496

' 5,148
' 2 281
' 2 399
' 8
'459

5,303
2,327
2 480
9
487

179. 2
141. 9

178.7
141.2

178.5
141.8

177.5
144.2

174.6
144.8

173 5
144.' 5

172 6
145.' 9

174 5
148.8

179 0
151.3

Imports, all grades, total. .
do
Dissolving and special alpha
do
All other
do
PAPER AND PAPER PRODUCTS

Paper and board:
Production (Bu. of the Census):
4,640
5,083
5,172
All grades, total, unadjusted.__thous. sh. tons.. 52,359
59,512
2,054
2,236
Paper.. _
.
do
23,295
2,286
26, 602
2,165
2,371
24,288
2,426
27 594
Paperboard
do
10
9
6
113
100
Wet-machine board. _
_ do
414
4,663
451
466
Construction paper and board
do
5,216
Wholesale price indexes:
Book paper, A grade
1967 — 100
170.3
177.1
178.4
179.0
190 4
Paperboard
do
127.1
141.2
139.5
140.7
138.7
Building paper and board
-.do
r
Revised.
v Preliminary.
1
J
Reported annual total; revisions not allocated to the months.
Less than 50 thousand
barrels.
3 Beginning with January 1975, data for soda combined with those for sulphate;
not comparable with data for earlier periods.




4

586

179 5
153.8

180 0
157.8

Beginning March 1975, data for defibrated or exploded, screenings etc., not available;
not comparable with those for earlier periods.
6 Data exclude small amounts of pulp because reporting would disclose the operations of individual firms.
^Monthly revisions back to 1974 are available upon request.

S-37

SUKVEY OF CURRENT BUSINESS

August 1977

1975

Unless o t h e r w i s e stated in footnotes below, d a t a
through 1974 a n d descriptive notes a r e a s s h o w n
in t h e edition of 1975 B U S I N E S S S T A T I S T I C S

1976
June

Annual

1977

1976
July

Aug.

Sept.

Oct.

Nov.

Jan.

Dec.

Feb.

Mar.

Apr.

May

June

July

PULP, PAPER, AND PAPER PRODUCTS—Continued
P A P E R AND P A P E R P R O D U C T S — C o n .
Selected types of paper ( A P I ) :
Groundwood paper, uncoated:
Orders, new
thous. sh. t o n s .
Orders, unfilled, end of period
do...
Shipments
do...
Coated paper:
Orders, new
do...
Orders, unfilled, end of period
do..Shipments
do...
Uncoated free sheet papers:
Orders, new
do...
Shipments
do...
Unbleached kraft packaging and industrial converting papers:
Orders, new
do...
Orders, unfilled, end of period
do...
Shipments
do...
Tissue paper, production
do...
Newsprlnt:
Canada:
Production
Shipments from mills
Stocks nt mills, end of period

do.
do_
do_

United States:
Production
Shipments from mills
Stocks at mills, end of period

do^_
do
do

1,251
179
1,189

1,324
145
1,345

126
189
111

109
185
111

117
172
114

109
181
106

117
183
119

102
161
110

99
145
111

117
146
115

107
145
104

115
155
113

'3,128
'262
' 3,194

' 3,905
308
' 3, 981

299
273
343

337
311
308

336
296
340

325
292
339

360
295
347

297
262
338

301
~33l"

382
361
331

••334
-•381
'331

'396
'350
'382

332
371
343

340
340
350

5,327
5,471

6,024
6,558

511
570

473
509

536

474
510

498
539

489
526

466
509

585
546

' 553

'G31
'640

572
601

573
G19

3,422
149
3,406
3,979

3,908
4,186

333
337

305
322

336
364

309
343

341
365

315
359

300
340

320
363

324
'340

350
'374

360

371

350

7,679
7,727
95

8,915
8,712
299

814
824
234

813
735
312

824
804
333

760
749
345

813
3G9

794
813
350

718
769
299

733
653
379

690
648
420

726
734
412

732
729
416

755
747
424

768
416

3,614
3,613

3,686
3,678
29

305
308
25

286
285
26

317
313
30

292
291
31

321
316
36

322
321
36

282
289
29

323
312
41

291
285
47

333
321
58

306
299
64

323
324
G3

330
333
59

6,534

534

502

526

539

599

595

575

529

483

572

563

599

556

921

788

884

897

884

906

921

873

896

897

873

831

835

21
Con sumption by publishers d"
do
Stocks at and in transit to publishers, end of
period
thous. sh. tons__

6,363

Imports
do
Price, rolls contract, f.o.b. mill, freight allowed
or delivered
Index, 1967 = 100..

5,847

734

337
349
345

6,569

610

613

538

581

662

594

500

599

495

530

198.2

197.9

202.7

203.3

205.3

205.3

205.3

207.6

209.4

209.4

216.7

216. 7

216.7

216.7

216.7

482
1,165
476

385
988
471

555
1,188
564

505
1,214
494

567
1,166
572

522
1,105
508

574
1,096
564

542
1,088
561

385
988
471

528
1,089
504

553
1,097
561

596
1,189
581

580
1,217
585

598
1,208
599

577
1,182
580

506
1,220
501

Paper products:
Shipping containers, corrugated and solid fiber
shipments
mil. sq. ft. surf. area..

194,329

216,371

18,526

17,406

18,182

18,633

19,073

18,097

16,672

16,189

17,656

19,783

18,956

19, 377

19,505

17, 251

Folding paper boxes, shipments__thous. sh. tons..
mill..

2,380.0
1,755.0

2,592. 0
1,979.0

227.6
171.9

196. 6
150.6

223.3
171.3

227. 6
177.2

229.8
178.6

227.1
177.4

' 207. 5
163.0

'197.6
-•157.2

230.7
182.2

219.1
206.0
' 163. 8 I '175.1

217. 6
173.4

G8. 50
127.04
55.61

77.57
123.77
82. 29

67.66
68.60
118.30 1116.72
49.98
72.18

71. IG

.408

.416

.406

.408

.390

203.9r 193. 03 213. 07
21G. 92 202. G8 238. 09
i 441. 3- 431.81 i 407.G2

204. 80
200.42
412.85

213.52
220.14
420. 56

21.48

22.0G

7.02
9.78
1G.2G

6.75
9.40
i 14. 99

184.0
Paper board (American Paper Institute):
Orders, new (weekly avg.)
thous. sh. tons_.
Orders, unfilled §
do
Production, total (weekly a v g )
do

210.8
165.6

RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous. metric t o n s . .
Stocks, end of period
do
Imports, lucl. lntexand g u a y u l c . t h o u s . Ig. t o n s . .

669. 97
105. 38
656. 60

730. 73
141. 84
712. 90

64.48

56.86

65.71

58.41

40.33

67.45

50.01

52.30

59.43
141.84
68.80

Price, wholesalo, smoked sheets (N.Y.)__$ per lb._

.299

.395

.440

.401

.405

.396

.420

.430

.400

17G.29 I 156.68 160. 70 192. 65 209.50
146.74 1 118.24 142. 47 220. 24 213. 31

206. 33
211.87

210. 92
200. 56
1458.12

Synthetic rubber:
Production
Consumption
Stocks, end of period

thous. metric t o n s . . 1,937.85 2, 303. 75
_ do
2,022.43 2,175. 26
IIIIIIIdoll!! 369. 86
458.12
214. 50

267. 99

22.48

thous. metric tons..
78.23
do
100. 22
~_~_~_ d o " . V.10.18

78.46
81.89
16.81

42.01

50. 45

4.09
3.24

Exports (Bu. of Census)
Reclaimed rubber:
Production
Consumption
Stocks, end of period

' 54
.

thons. Ig. tons..

22.70

20.59
9.28
10.20

8.31
8.44

18,096

1

G7.27
119.92
70.19
.408

19.86

3.82
2.96

24.75

1

20.78

19.11

1

20.97

6.74
0. 78
15. 95

G.77
8.96
i 1.5. 83

7.90
9. G8
i IG. G
G

20,638

8.43
8.10
16. 81

.391

20,094

22, G 40 20,087

19,512

20, 734
22, 758
G,511
1"), 742
501
4.1,887

TIRES AND TUBES
Pneumatic casings, automotive:
Production

thous . . 186,705

Shipments, total
do
Original equipment
I*- ——1_ IIIIIdo.'III
Replacement equipment.._
do
Exports
do
Stocks, end of period
Exports (Bu. of Census)
Inner tubes, automotive:
Production

Shipments

S t o c k s , e n d of period
E x p o r t s ( B u . of Census)

_
do
IIIIIIIIdoll —
do

II.II do.III
do
do

187,953

10,453

8,025

8,954

196,295
47,467
142, 706
6,122

210,702
GO, 138
145,809
4,695

18, 842
5,482
13, 081
279

15,669
3,730
11,758
181

14,103
3,574
10,345
184

15,609
4,211
11,144
254

18,718
4,373
14,013
332

16, 873
5,419
11, 064
391

1G,4GG
G, 241
9,731
494

1

50,020
6,124

34,768
4,784

32,405
387

25,581
236

21,285
225

24,594
247

27,581
306

30, 200
397

34,7G8
519

2

32,584
34,581
9,212
3,998

27,548
33,304
5,106
3,167

1,605
3,128
6,249
278

1,304
2,638
5,259
235

1,504
2,469
4,607
203

2,477
5,400
74

2,867
2,505
4,679
255

2,461
2,281
4, 912
249

2,362
2,315
5,100
357

2
/ Revised.
i Producers' stocks are included; earlier data will be shown later
Beginning Jan. 1977, data cover passenger car and truck and bus tires; motorcycle tires and tires
lor mobile homes are excluded.




21,113

18,827

20,194

10, G09
4, 838
11,282
489

21, 022
G, 423
14, 020
579

20,530
">, 766
14,313
451

19,790
5, 828
13,501
461

39,010
483

43,212
546

45, GIG
637

45,832
G18

46,231
504

253

18G

240

229

10,773
-' 5, 835
10,490
2 412

:

103

cf As reported by publishers accounting for about 75 percent of total newsprint consumption.
§ Monthly data are averages for the 4-week period ending on Saturday nearest the end of the
month; annual data are as of Dec. 31.

SUK

S-38
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are a s shown
In the 1975 edition of B U S I N E S S S T A T I S T I C S

1975

August 1977

1976

1976

June

Annual

5S

BUZ

JUKI
July

Aug.

Sept.

1977
Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

STONE, CLAY, AND GLASS PRODUCTS
PORTLAND C E M E N T
Shipments, finished cement

..thous. bbl_. 367,436

385,750

39,910

38,564

41,787

38,936

37,404

31,686

23,165

13,963

20,910

31,346

35,713

40,197

6,969.1
71.0

643.7
6.5

633.9
7.3

691.6
3.9

658.5
5.2
98.3

625.9
3.7
91.0

611.5
3.7

484.0
4.3

296.6
2.6

437.9
3.4

687.8
3.4

727.3
4.3

1,097.1

107.8

102.3

107.6

5.5

4.8

86.4

62.5

45.5

65.8

•782.4
r
4.1
113.6

102.3

107.2

61.9

6.0

5.8

5.6

4.5

4.1

3.3

2.9

5.5

5.6

259.3

24.6

21.1

23.4

21.6

20.2

18.9

21.6

22.6

22.8

176.8

175.2

175.7

178.3

184.6

185.9

188.2

191.6

194.8

195.8

CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick- 5,854.0
Structural tile, except facing
thous. sh. tons..
88.5
Bewer pipe and fittings, vitrified
do—
Facing tile (hollow), glazed and unglazed
1,189.9
mil. brick equivalent..
Floor and wall tile and accessories, glazed and un79.1
glazed
mil. sq. ft..
Price Index, brick (common), f.o.b. plant or
235.6
N.Y. dock
1967=100..
160.5
GLASS AND GLASS PRODUCTS

22.9
180.7

22.1
180.9

5.6
'23.8
198.2

783.2
4.6
125.5
5.8
26.3

207. J

201.4

thous. $..

467,994

644,751

160,072

159,455

.71,412

Sheet (window) glass, shipments
..do
Plate and other flat glass, shipments
do
Glass containers:
Production^
thous. gross..

76,229
391,765

101,739
543,012

24,612
135,460

24,743
.34,712

24,532
.46,880

283,055

302,500

26,592

25,080

28,629

24,343

27,578

24,211

21,020

22, 636

24,292

28,109

24,433 '25,686

26,965

279,022

292,345

25,265

24,580

27,303

27,718

22,716

21,804

22,943

22,177

22,456

34,176

21,161 •23,869

26,072

do....
do
do
do

25,266
64,418
76,835
23,406

25,727
65,093
81,938
22,674

2,307
5,954
6,962
1,955

1,866
5,919
7,994
1,502

2,624
5,886
8,180
1,918

2,915
5,890
7,245
2,038

1,679
4,356
6,861
1,892

1,486
4,926
5,925
1,986

1,727
5,736
6,070
2,004

2,244
4,352
5,909
1,813

2,115
4,608
5,890
1,709

3,060
7,142
9,074
2,849

1,567
4,521
7,670
1,630

' 1,925
' 5,450
' 8,452
'1,787

2,164
6,730
8,834
1,936

Wide-mouth containers:
Food (incl. packer's tumblors, Jelly glasses,
and fruit Jars)$ O
thous. gross..

59,287

61,504

4,935

4,657

5,668

6,160

4,996

4,820

4,712

4,784

5,049

7,897

3,471

' 4,025

4,591

Narrow-neck and Wido-mouth containers:
Medicinal and toilet
__
do
Chemical, household and industrial
do

25,775
4,035

30,798
4,611

2,761
391

2,305
337

2,624
403

3,075
395

2,625
307

2,357
304

2,373
321

2,736
339

2,744
341

3,687
467

2,171
••231

•1,997
••233

37,666

42,800

41,773

41,735

42,468

38,599

43,337

45,039

42,800

41,932

43,266

36,408

2,132
285
41,598

*9,751
1
9,181

111,980
111,036

991
932

1,0*5
959

1,132
1,000

1,047
963

1,150
1,021

1,160
919

940
863

952
843

1,092
1,046

do___

5,448

6,231

484

490

602

646

623

572

1,132
927
591

533

284

541

do...

» 4,878

5,030

430

539

469

473

427

445

476

312

276

348

do...

293

305

25

24

25

25

27

27

23

23

22

28

do...
do
mil. sq .ft.

176
360
10,804
182
292
198
8,214
1,790
127

162
329
U3,156
184
362
1272
110,117
i 2,029
191

15
29
1,144
18
31
26
882
170
18

15
31
1,167
16
34
25
896
178
17

13
31
1,237
17
36
25
953
188
18

12
28
1,196
15
36
25
926
176
18

13
29
1,203
16
32
23

11
27
1,135
14
32
24
876
174
15

11
23
1,165
15
31
23
900
183
13

10
22
1,029
12
24
20
799
161
14

14
27
1,382
17
38
30
1,061
214
21

Flat glass, mfrs.' shipments

Shipments, domestic, totalf
Narrow-neck containers:
Food
Beverago
Beer
Liquor and wine.

do
_

Stocks, end of periodt--

do

167,969

40,414 r 41,613

GYPSUM AND P R O D U C T S
Production:
Crude gypsum (exc. byproduct)...thous. sh. tons.
Calcined
do__ _
Imports, crude gypsum
Bales of gypsum products:
Uncalclned
Calcined:
Industrial plasters
J
Building plasters:
Regular basecoat
All other (incl. Keene's cement)
Board products, total
Lath
Veneer base
Gypsum sheathing
Regular gypsum board
Type X gypsum board
Predecoroted wallboard

do...
do...
do...
do...
do...
do...

927

186
19

20
949
11
23
19
723
160
13

TEXTILE PRODUCTS
FABRIC (GRAY)
Knit fabric production ofl knitting machines (own
use, for sale, on commission), qtrly*
mil. lb_. 1,955.8 1,828.2 504.9
Knitting machines active last working day*...thous..
47.1
43.5
45.7
Woven fabric (gray goods), weaving mills:
Production, total 9
mil. linear yd_- 9,777 10,448 21,048
Cotton
_
do
4,326
2 459
4,450
Manmade
fiber
do
5,356
2 580
5,913
1,099
Stocks, total, end of period 9 d"
do
1,072
1,203
Cotton
do
489
398
431
Manmade
fiber
do
605
670
767
2,590
2,573
Orders, unfilled, total, end of period 9 H-__do
1,830
1,144
1,108
Cotton
do
789
1,414
1,433
Munmade
fiber
do
1,008
COTTON
Cotton (excluding linters):
Production:
GInningsA
thous. running bales.. 3 8,151 U0,348
Crop estimate
thous. net weight bales Q_. 38,301.6 410,580.6
6,833
Consumption
thous. running bales.. 6,142
Stocks In the United States,total, end of period?
4,301
9,610
thous. running bales.. 9,544
9,528
4,258
9,581
Domestic cotton, total
,
do.
945
176
1,247
On farms and in transit
do_
2,838
7,431
7,377
Public storage and compresses
do_
1,244
1,152
957
Consuming establishments
do.

423.9
44.1
815
343
464
1,142
419
720
2,212
923
1,259

631
258
367
1,093
397
692
2,401
1,002
1,368

985
2 418
2 560
1,132
408
720
2,071
925
1,116

805
335
464
1,187
424
759
2,008
895
1,084

47

373

573

"445

"524"

2 626

12,825
12,781
9,861
1,842
1,078

3,594
3,545
150
2,215
1,180
2
' Revised.
1 Annual total; revisions not allocated to the months or quarters.
Data
4
cover 5 weeks; other months, 4 weeks. 3 Crop for the year 1975.
Crop for the year
5
1976.
Beginning 1st Qtr 1977, data no longer available.
(J)Bales of 480 lbs.
©Includes
data for "dairy products."
•New series. Source: BuCensus. Data cover warp and weft knit yard goods and knit
garment lengths, trimmings, and collars; no quarterly data prior to 1974 are available.
{Monthly revisions for Jan.—Mar. 1975 are available.
9 Includes data not shown
separately.




2

402.0
43.5
769
327
436
1,203
429
770
1,912
796
1,086

2 923
2 371
2 545
1,203
431
767
1,830
789
1,008

781
344
431
1,210
426
778
1,766
772
993

3,703

9,887

10,251

528

2 582

510

501

817 2 2
1,057
352
448
457
2 600
1,213 21,196
2
425
425
2
766
781
1,991
1,770 2 2
753 2 869
1,081
1,017

U0,348
410,580.6
2
528
653

'792
341
-•443
1,180
415
760
2,113
921
1,149

826
348
468
1,164
391
767
2,032
846
1,144

507

'507

2

616

397

3,515
6,642 5,570 '4,571
11,768 10, 859 10,297 9,610 8,716 7,819
3,501
5,550 r 4,554
9,581
6,618
7,793
8,689
11,731 10,826 10,266
126
563
375
1,247
944
787
7,005
3,498
1,009
9,401
1,784
5,777
2,980 5,912 7,377
6,709
4,707 3,815 ' 3, 005 ' 2,264
1,406
1,172 ' 1,174 - 1,093 1,049
1,072
841
971
957
1,124
856
924
cTStocks (owned by weaving mills and billed and held for others) exclude bedsheeting,
toweling, and blanketing, and billed and held stocks of denims.
If Unfilled orders cover wool apparel (including polyester-wool) finished fabrics; production
and stocks exclude figures for such finished fabrics. Orders also exclude bedsheeting, toweling,
and blanketing.
ACumulative ginnings to end of month indicated.

SURVEY OF CURRENT BUSINESS

August 1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

1975

1977

1976

1976

Annual

S-39

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

TEXTILE PRODUCTS—Continued
COTTON AND MANUFACTURES—Con.
Cotton (excluding linters)—Continued
Exports
thous. running bales..
Imports._
thous. net-weight (D bales..
Price (farm), American upland^
cents p e r l b . .
Price, Strict Low Middling, Grade 41, staple 34
(1MO, average 10 markets.
-.cents per l b . .
Spindle activity (cotton system spindles):
Active spindles, last working day, total
mil
Consuming 100 percent cotton
do
Spindle hours operated, all fibers, total
_bil_.
Average per working day_do
Consuming 100 percent cotton
do
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly.) - _
mil. lin. y d . .
Orders, unfilled, end of period, as compared with
avg. weekly production
No. weeks' prod..
Inventories, end of period, as compared with
avg. weekly production
No. week?' nrod..
Ratio of stocks to unfilled orders (at cotton
mills), end of period
Exports,rawcotton equiv thous.net-weight(J)bales
Imports, raw cotton equiv
_do
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly:
Filament yarn (acetate)
mil. l b . .
Staple, incl. tow (rayon)
do
Noncellulosic, except textile glass:
Yarn and monofilaments
...do
Staple, incl. tow
do
Textile glass
fiber
do
Fiber stocks, producers', end of period:
Filament yarn (acetate)
mil. lb__
Staple, incl. tow (rayon)
do
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
do
Staple, incl. tow.
do
Textile glass
fiber
do
Manmade fiber and silk broadwoven fabrics:
Production (qtrly.), total 9
mil. lin. y d . .
Filament yarn (1009O fabrics 9
.-do
Chiefly rayon and/or acetate fabrics
do
Chiefly nylon fabrics
do
Spun yarn (100%) fab., exc. blanketing 9-do
Rayon and/or acetate fabrics, blends
do
Polyester blends with cotton
do
Filament and spun yarn fabrics
do
Manmade fiber gray goods, owned by weaving
mills:
Ratio, stocks to unfilled orders, end of period
Prices, manufacturer to mfr., f.o.b. mill:*
50/50 polyester/carded cotton printcloth, gray,
48", 3.90 yds./lb., 78x54-56
$ per yd._
6f % poly./35% comb. cot. broadcl., 3.0 oz/sq yd,
45", 128x72, gray-basis, wh. permpresfin.
$ per yd__
Manmade fiber knit fabric prices, f.o.b. mill:*
65% acetate/35% nylon tricot, gray, 32 gauge, 54",
3.2 oz./linear yd
$ per yd__
100% textured polyester DK jacquard, 11 oz./
linear yd., 60", yarn dyed, finished $ per yd__
Manmade fiber manufactures:
Exports, manmade fiber equivalent
mil. lbs..
Yarn, tops, thread, cloth
do
Cloth, woven
do
Manufactured prods., apparel, furnishings.do
Imports, manmade fiber equivalent
do
Yarn, tops, thread, cloth
do
Cloth, woven.
do
Manufactured prods., apparel, furnishings.do
Apparel, total
do
Knit apparel.
..do
WOOL AND MANUFACTURES
Wool consumption, mill (clean basis):
Apparel class
mil. l b . .
Carpet class
do
Wool imports, clean yield
_do
Duty-free (carpet class)
do
Wool prices, raw, shorn, clean basis, delivered to
U.S. mills: <?
Domestic—Graded territory, 64's, staple 2M"
and up
cents per lb_.
Australian, 64's, Type 62, duty-paid
do
Wool broadwoven goods, exc. felts:
Production (qtrly.)
mil. lin. yd_.

342
5
64.5

217
26
62.5

265
0
65.2

376
1
63.1

354
2
62.3

509

536

548

58.9

63.9

69.8

"67." 8"

400
2
'67.2

4G2
1
' Gl. 1

v GO. 4

78.7

73.2

72.3

77.0

76.5

73.1

67.0

72.2

75.8

73.7

70.6

61.1

58.2

17.0
7.7
6.9
.344
3.1

16.9
7.6
8.2
.410
3.7

16.9
7.6
2 9.7
.388
24.5

17.0
7.6
8.3
.413
3.7

16.9
7.4
7.8
.390
3.4

16.8
7.5
2 9.0
.359
24.0

16.7
7.4
8.0
.402
3.5

16.8
7.3
8.2
.412
3.5

16.9
7.2

17.0
7.1
8.2
.410
3.5

' 16.8
'7.0
'8.3
'.417
3.5

1G.8
2
7. 0
2 10.1

7.0

12.3

17.6

12.0

12.3

11.9

11.3

12.0

10.8

10.5

11.5

12.7

11.6

11.0

3 4.7

3.9

5.7

4.3

4.3

4.6

4.9

5.0

4.6

4.7

4.5

4.9

4.7

4.7

3.36
556.0
718.3

.32
47.8
61.3

.32
39.0
55.5

.36
39.0
51.7

.35
45.8
51.6

57.5
48.0

.43
45.6
57.7

.42
53.2
52.4

.42
42.8
47.7

.44
51.6
50.2

.39
47.1
46.9

.38
47.2
41.2

.41
36.9
43.7

.40
30. 5
44.2

286.9
475.4

79.0
115.9

65.8
121.5

60.3
121.4

71.9
135.5

* 3,197.2 3,286.5
2,676.8 3, 319. 2
676.0
546. f

800.3
807.0
164.9

753.0
827.0
175.8

829.9
833.3
176.1

882.6
891. G
160.5

3,840
50
151.1

3,431
96
64.7

315
6
66.9

276

158.0

7

73.4

72.7

17.1
8.0
93.2
.352
46.5

16.8
7.5
105.6
.406
48.1

17.1
7.8
»10.5
.422

4,095

' 4,446

1,157

U2.3

3 13.2

'5.9
».5O
488.3
487.1

301.3
370.9

M.9

274
1

no. 3
.413
2 4.4

.403
2 4.2

1,218

1,050

18.6
51.2

18.1
30.0

18.4
37.1

18.0
27.6

18.1
30.0

15.4
40.6

* 280.6
234.7
101.7

299.8
289.0
79.4

349.1
285.6
86.3

334.6
303.8
76.0

299.8
289.0
79.4

295.5
300.9
57.0

5,278.3 6,092. 2
1,688.0 1, 992.6
325.3
379.0
279.0
359.8
3,036.5 '3,490.5
172.4
184.1
2,359.5 2,710.1
257.1
321.7

1,561.8
501.4
93.5
88.9
897.8
45.5
691.4
84.7

1,478.6
494.1
96.8
96.5
832.2
45.1
642.0
85.4

1,458.6
475.9
97.2
92.6
830.1
41.9
644.7
85.0

' 3 .30

'.26

'.27

'.32

8

.416

.421

.429

.428

.725

.738

.738

.738

.758

.412

.406

.393

.378

.350

61. 846

1.899

1.866

1.866

323.73
188.43
142. 89
135.30
400.38
69.23
54.02
331.14
2«9. 00
194.89

352.17
201.92
139.17
150. 25
479.32
83.82
64.41
395.49
343. 25
209. 80

29.91
16.87
12.17
13.05
47.48
6.89
5.24
40.59
35.84
23.47

25.99
14.76
9.59
11.23
54.32
8.12
6.18
46.19
41.70
27.06

25.59
13.91
9.69
11.68
46.68
7.18
5.52
39. 50
34.41
21.32

94.1
15.9
33.6
17.0

106.7
15.1
58.0
18.9

> 11.1
U.4
3.9
2.0

7.3
.9
4.8
2.1

7.6
1.4
5.7
1.7

150.2
205.8

182.1
217.5

177.5
213.5

182.5
213.5

182.5
216.5

78.1

97.3

26.4

3.33

'.36

'.38

'.40

.47

.49

.44

.40

.42

.414

.409

.398

.385

.389

.400

.399

.388

.390

.760

.768

.771

.759

.760

.764

.765

.754

.750

.340

.341

.343

.345

.350

.383

.419

.420

.446

.450

1.846

1.834

1.824

1.696

1.741

1.789

1.819

1.846

1.GG2

31.78
17.78
12. 28
14.00
41.67
7.55
6.00
34.12
29.88
16.94

30.76
17.91
12. 24
12.85
36.88
6.40
4.96
30.48
26.67
15.02

31.33
18.12
11.83
13.21
40.68
7.45
5.64
33. 22
28.61
17.42

32.12
18.95
11.65
13.17
34.55
7.53
5.66
27. 02
22.58
11.42

27.67
16.50
10. 64
11.16
34.20
7.57
5.25
26.63
22.58
11.81

30.77
18.97
10.56
11. 79
32.55
7.38
4.40
25.17
21.51
11. 49

32.02
34.18
31.60
18.07
20.02
18.34
11.68
11.82
11.22
13.95
14.17
13.26
' 30. 92 • 3"). 83 ' 43.12
9.19
8.72
7.50
5.15
5.18
4. 95
• 27. 74 • 28. 33 ' 34. 40
23.11
23.76
30.09
13.62
19.50
14.30

1.695
31. 5")
17. 59
11.19
13. 90
58. 01
9.98
5. 81
48.03
42. 29
27.27

2 9.3
1.8
4.6
1.7

7.9
1.2
4.0

6.9
1.3
3.3
1.3

2 9.0
2 1.5
4.4
1.6

8.2
1.2
5.2
1.6

8.3
1.1
5.0
2.0

187.5
224.2

192.5
232. 5

192.5
224.0

187.5
227.3
21.9

187.5
229.0

187.5
227.3

2

'.37

.767

2

10.0
2
1.5
4.7
1.4

7.9
.9
5.1
1.7

'7.7
1.1
7.4
2.6

182.5
227.6

182.5
228.3

182.5
228.0

2
2

9. 5
1.3
7.4
2.5

182.5
226.3

182. 5
227. 0

FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other), ship834.0
920.9
234.7
ments, quarterly
..mil. sq.yds..
APPAREL
Women's, misses', juniors' apparel cuttings:*
1,413
1,645
19,640
2,037
Coats
thous. units_- 18,427
173,385 175,333 15, 752 12, 277 13,418
Drosses
do.
30,161
32,100
2,451
2,476
2,305
Suits (incl. pant suits, jumpsuits)
do
17, 057
1,325
1,332
1,398
Blouses
thous. dozen__ 18,323
6,462
4, 292
644
612
588
Skirts
do.
2
'Revised.
"Preliminary.
1 Season average.
For 5 weeks, other months, 4 weeks.
s
Monthly average.
* Effective Sept. 1976 SURVEY, data omit production and stocks of
5
saran and spandex yarn.
Effective 1976, production of blanketing is included in 100%
6
spun yarn fabric (prior to 1976, in "all other group," not shown separately).
Avg. for
7
May-Dec.
Average for sales prior to Apr. 1,1977.
8 Avg. for Feb.-Dec.
IF Based on 480-lb. bales, p price reflects sales as of the 15th; restated ' price reflects total
quantity purchased and dollars paid for entire month (r price includes discounts and
premiums).
9 Includes data not shown separately.
® Net-weight (480-lb.) bales.




232.6

224.4

1,899
1,806
1,191
1,091 '1,082 ' 1,289
1,870
1,335
1,189
1, 732
15,451 14,506 12,939 10,623 12,393 13, 906 17,038 115, 237 •13,108 13, 00:
2,995
2,842
2,655
2,514
2,691
' 2, 391
2, If).'
2,785
9 799
1,456
1,387
1,693
1,461
1,G93
1,903
1,406
2,010 '1,940 ' 1,810
415
407
452
401
' 429
422
'435
438
312
514
d> Effective J a n . 1976, specifications for the price formerly designated fine good French
combing a n d staple have been changed as shown above. Effective with the May 1976 SURVEY
the foreign wool price is quoted including d u t y .
*New series. Apparel (BuCensus)—Annual totals derived from firms accounting for 99%
of total output of these items; current monthly estimates, from smaller sample. Monthly data
for 1975, adjusted to annual totals, are available. Coats exclude all fur, leather, and raincoats.
Suits omit garments purchased separately as coordinates. Except for the year 197i, earlier
m o n t h l y data are available, except for suits. Prices ( U S D L , BLS)—Data not available prior
to 1976.

SUKVEY OF CUKRENT BUSINESS

S-40
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

1975

1976

1976
June

Annual

August 1977

July

Aug.

Sept.

1977
Oct.

Nov.

Dec,

Jan.

Feb.

Mar.

Apr.

May

June

July

TEXTILE PRODUCTS—Continued
APPARE1>-Con.
Men's apparel cuttings:
SuitsJ
thous. units..
Coats (separate), dress and sportt
do
Trousers (separate), dress and sportt
..do
Slacks (Jean-cut), casualj
.thous. doz..
Shirts, dress, sport, inc. knit outerwear}...do
Hosiery, shipments
thous. doz. pairs..

•112,976 "15,274
«U0,634 -13,399
1117,178 99,893
112,167
13,250
i 32,013 31,167
225,514 240,918

1,362
1,152
9,010
1,241
2,723
22,373

783 1,282
813 1,082
6,220 7,519
965 1,052
2,007
2,646
21,384 22,034

1,308
1,339
1,218
1,468
7,559 8,484
1,144
1,140
2,675
2,690
21,017 20,954

1,191
1,072
1,177
1,201
7,555 6,187
928 1,134
2,509 2,265
19,719 18,157

1,653
1,203
7,500
1,062
2,491
17,369

1,374 '1,376 * 1,275 1,256
1,282
1,186
1,370 ••1,089 ' 1,080 1,121
8,825 9,659 '8,924 ' 9,060 8,875
1,341
1,608 r 1,486 r 1,543 1,607
•
2,535
2,648 r 2,156 * 2,383 2,541
18,115 21,399 18,505 18,737 21,618

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

28,995
18,593
26,647
29,473
17,314

35,989
20,937
32,496
31,453
19,092

8,316
4,244
7,317
8,356
5,092

9,924
4,981
,230
7,222
4,547

11,050
6,921
9,713
8,525
5,135

7,294
4,762
6,558
7,591
5,012

Backlog of orders, end of period?
do
U.S. Government
do
Aircraft (complete) and parts
do
Engines (aircraft) and parts
do
Missiles, space vehicle systems, ongines, propulsion units, and parts
mil. $_.
Other related operations (conversions, modifications), products, services
mil. $..

35,038
22,168
15,389
3,503

39,632
24,071
17,321
3,499

34,347
21,789
14,149

37,049
22,227
16,064
3,645

39,632
24,071
17,321
3,499

39,382
23,821
16,332
3,785

6,415

6,288

5,554

5,116

6,288

5,973

4,071

5,529

5,205

5,157

5,529

5,929

Aircraft (complete):
Shipments
Airframe weight
Exports, commercial

do
thous. lb_
mil. $.

3,068

4,967.6
60,480
13,200

4646.8
50,314
13,207

427.9
4,698
422.7

325.0
3,395
289.6

293.9
3,106
259.5

211.1
2,738
120.1

395.4
3,961
295.6

431.6
4,037
223.0

529.5
5,405
420.6

210.8
2,498

217.9
2,794
63.7

411.6
4,254
286.8

374.7
4,007
267.9

458.3
5,578
218.7

6,713
6,073
8,640
7,053
1,587

8,498
7,838
10,110
8,611
1,498

850.1
786.4
956
830
127
10.1
8.7
1.4

558.8
524.4
865
737
128
9.9
8.5
1.4

518.4
483.1
762
616
146
9.9
8.4
1.5

652.1
595.2
792
645
147
10.4
'8,2
1.6

690.8
628.6
868
731
138
9.6
7.8
1.8

766.1
701.5
840
721
119
9.7
8.0
1.7

732.7
679.1
807
695
112
11.2
9.6
1.6

683.7
635.8
725
602
123
10.5
8.8
1.7

675.7
625.8
811
666
144
11.0
9.1
1.9

953.1
871.5
1,084
896
189
12.2
10.3
1.9

815.5
741.5
1,029
822
207
11.8
9.4
2.5

794.0
1,054
834
220
11.5
8.9
2.5

1,419
1,460
2.6

1,465
1,512
2.1

1,660
1,468
2.1

1,455
1,442
2.0

1,394
1,522
2.1

1,415
1,477
2.2

1,364
1,437
2.3

1,423
1,455
2.3

1,465
1,512
2.0

1,594
1,560
2.1

1,645
1,550
2.0

1,697
1,586
1.8

1,697
1,579
2.0

1,747
1,606
2.1

497.7
4,999
287.3

MOTOR VEHICLES (NEW)
Passenger cars:
Factory sales (from U.S. plants), total
thous..
Domestic
..do
Retail sales, total, not seasonally adj..
do
DomesticsA
do..
ImportsA
do_.
Total, seas, adjusted at annual ratef
.mil
DomesticsA t
-.do_.
ImportsA t
--do..
Retail inventories, end of mo., domestics:A
Not seasonally adjusted...
thous..
Seasonally adjustedf
..do
Inventory-retail sales ratio, domesticsA t
Exports (BuCensus), assembled cars
To Canada
Imports (BuCensus), complete units
From Canada, total
Registrations©, total new vehicles..
Imports, incl. domestically sponsored

thous.. 640.30
do
550.81
do
2,074.7
do.
733.8
do.
• 8,262
do
• 1,501

Trucks and buses:
Factory sales (from U.S. plants), total
thous..
2,272
Domestic
..do.
2,003
Retail sales, seasonally adjusted:*
Light-duty, up to 14,000 lbs. GVW
do.
2,076.0
Medium-duty, 14,001-26,000 lbs. GVW
do....
168.9
Heavy-duty, 26,001 lbs. and over GVW...do.... 106.1
Retail inventories, end of period, seasonally adjusted*
thous..
485.7
Exports (BuCensus), assembled units
..do
223.47
Imports (BuCensus), including separate chassis
and bodies
thous.. 466.28
Registrations©, new vehicles, excluding buses not
produced on truck chassis
thous.. * 2,397

680.46
64.11
573.47
56.88
2,536.7 261.67
825.6
90.27
• 9,752 •936.9
• 1,447 •127.2

1,806
1,627
2.0

1,763
1,751
2.4

67.5
88.62
65.18
47.06
84.01
50.21
60.75
69.38
39.58 31.56
53.64 59.95
60.1
79.98
54.55
39.32
74.33
40.56
44.33
32.42 27.84
56.88
47.15 49.53
265.6
201.76 259.60 246.25 240.46
174.79 168.90 173.10 157.63 208.02 227.08 210.59
93.8
80.83
91.49
75.11
98.71
62.01
74.23
44.47 50.54
75.51
67.10 54.35
•939.2 •848.1 * 749.3 •797.0 • 762. 7 • 845.6 • 726.0 • 717.2 3 826.2 «916.7 31,007.3 1,041.6
198.9
•129.2 • 136. 3 • 143.3 • 129.2 • 130.3 • 124.5 • 110.2 •126.8 3149. 3 * 175.9 5 202.9
288.4
266.2

290.4
269.2

2 316.2
290.9

221.4
12.6
10.5

243.3 ' 251.8 ' 261.8 '334.8
221.5 « 230.9 r 241. 2 ' 307.3
•
270.6
290.9
243.2
263.0
14.4
17.0
12.7
14.1
14.0
12.8
10.5
13.0

263.0
14.4
14.4

240.5
14.3
15.3

252.9
15.1
14.8

535.2
14.98

549.3
14.67

551.4
18.26

563.5
17.11

555. 5
14.99

568.2
20.18

565.3
15.46

585.6
18.63

590.1
19.55

56.21

67.54

64.09

67.27

68.54

77.55

75.56

2,979
2,734

291.3
267.4

261.1
243.9

249.8
231.2

230.9
210.8

208.3
191.4

242.4
222.3

2,762.8
161.7
119.6

225.1
13.5
9.4

234.4
13.6
10.9

239.4
14.5
11.0

236.2
14.8
12.6

223.9
12.5
9.6

546.4
199.63

559.6
19.91

576.4
16.21

642.4
14.81

576.0
13.72

812.83

71.65

56.33

62.03

74.99

• 3,058

•280.9

78,296
43,596
»8,072
2,936

105,401
61,726
7,316
5,678

9,649
5,297
470
481

8,349
4,731
413
474

Freight cars (new), for domestic use; all railroads
and pr ivate car lines (excludes rebuilt cars and
cars fo r export):
Shipments
number..
Equipment manufacturers
do
New orders
_
do
Equipment manufacturers
.do
Unfilled orders, end of period
___
do
Eq uipment manufacturers
_
do.I.

172,392
165,870
i 33,457
i 32,032
40,135
34,025

i 52,504
i 45,618
i 36, 048
i 30,546
23,415
18,733

4,078
3,495
2,083
2,083
23,549
18,580

2,965
2,555
1,552
1,202
22,193
17,284

Freight cars (revenue), class 1 railroads (AAR):|
Number owned, end of period
thous.
Held for repairs, % of total owned
Capacity (carrying), total, end of mo..mil. tons.
Average per car
tons.

1,359
8.6
99.09
72.89

1,343
8.5
98.78
73.55

1,345
8.7
99.05
73.65

Truck trailers and chassis, complete (excludes detachables), shipments
number.
Vans
_
do
Trailer bodies (detachable), sold separately
do
Trailer chassis (detachable), sold separately...do

2 951.4 2 661.7
885.4
1,117
731
920
197
"11.7
8^7
9.6

•286.6 • 285. 9 • 266.3 • 252.6 • 240. 9 • 264. 2 •235.8
10,223
6,125
504
1,199

9,548
5,617
822
1,148

8,756
5,552
625
1,565

3,391 3,960 3,906 4,103
2,841 3,458 3,434 3,680
4,984 6,427 4,273 2,494
4,584 5,227 4,073 2,494
23,783 26,082 26,549 24,839
19,024 20,625 21,364 20,077

4,774
4,293
3,462
3,061
23,415
18,733

3,401
3,048
4,291
3,891
24,202
19,463

1,332
8.8
97.71
73.37

1,328
8.9
98.63
74.27

9,578
5,412
486
549

9,333
5,636
419
446

9,091
5,714
428
576

68.94

64.49

•238.1 3 273.6 5 290.0 3 305.4

«318. 0

13, 547
r 8,205
753
1,744

' 263.7

14,761
8,477
680
1,519

11,145
7,057
746
1,447

13,203
8,429
420
1,349

12,788
8,256
450
1,606

R AILROAD EQUIPMENT

1,332
8.8
97.71
73.37

1,341
8.8
98.92
73.74

•" Revised.
» Preliminary.
i Annual total includes revisions not distributed by
months.
2 Estimate of production, not factory sales.
3 Excludes 2 States.
• Excludes
1 State.
« Excludes 3 States.
^Annual figures, "Apparel 1975," MA-23A(75)-1. Survey expanded and classification
changed; not comparable with data prior to 1974.
9 Total includes backlog fer nonrelated products and services and basic research.
. TSeas. adj. data (1971-74) in the Mar. 1976 SURVEY, p. 5, do not reflect end-digit revisions to
imports and total sales introduced in the Feb. 1977 SURVEY.
ADomestics include U.S.-type cars produced in the United States and Canada; imports




1,341
9.0
99.04
73.84

1,340
9.1
98.70
73.66

1,339
8.9
99.08
74.01

3,344 5,321 3,604
2,852 4,834 3,327
3,548 3,578 3,956
3,448 3,578 3,956
24,316 22,642 22,703
19,969 18,782 19,120
1,324
8.9
99.43
72.91

1,323
8.8
98.48
74.36

1,319
8.9
98.22
74.46

4,982
4,899
4,459
4,582
6,334
7,561
6,234
7,286
24, 082 26,663
20,922 23,545
1,312
8.9
97.91
74.62

1,310
86
.
97.96
74.75

cover foreign-type cars and captive imports, and exclude domestics produced in Canada.
©Courtesy of R. L. Polk & Co.; repnblicaticn prohibited
§ Excludes railroad-owned private refrigerator cars and private line cars.
*New series. Source: Motor Vehicle Manufacturers Assn. of the U.S. (seas, adjustment
by BEA). Reporting firms do not represent the entire industry. Motor coaches are not
covered. Sales include imports of U.S. manufacturers only (all other imports are not covered).
Units refer to complete vehicles and to chassis sold separately. Gross vehicle weight reiers
to the weight of the vehicle with full load. Seasonally adjusted monthly data e
back to i y a
are available.
-Excludes leisure-type; not strictly comparable with 1974.
Oorrectea.

•fOEX. T O

BI

SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade

1-7
8, 9
10,11
11-13

Labor force, employment, and earnings
Finance
Foreign trade of the United States
Transportation and communication

13-17
17-22
22-24
24,25

Industry:
Chemicals and allied products
Electric power and gas.
Food and kindred products; tobacco
Leather and products

25, 26
26
27-30
30

Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products

31
31-34
34-36
36,37

Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment

37
38
38-40
40

INDIVIDUAL SERIES
Advertising
11,16
Aerospace vehicles
40
Agricultural loans
17
Air carrier operations
24
Air conditioners (room)
34
Aircraft and parts
7,40
Alcohol, denatured and ethyl
26
Alcoholic beverages
11,27
Aluminum
33
Apparel
1,4,8,9,11-16,40
Asphalt
35,36
Automobiles, etc
1,4-6,8,9,11,12,20,23,24,40
Banking
Barley
Battery shipments
Beef and veal
Beverages
Blast furnaces, steel mills
Bond8, issued, prices, sales, yields
Brass and bronze
Brick
Building and construction materials
Building
Building
Business
Business
Butter

costs
permits
incorporations (new), failures
sales and inventories.

17,18
27
34
28
9,11, 22,23,27
5-7
20, 21
33
38
4, 6,
7,11,31,38
10,11
10
7
5
27

Cattle and calves
28
Cement and concrete products
9,11,38
Cereal and bakery products
9
Chain-store sales, firms with 11 or more stores. . .
13
Cheese
27
Chemicals
4,6,9,14-16,20,23,25,26
Cigarettes and cigars
30
Clay products
9,38
Coal
4,9,23,34,35
Cocoa
23,29
Coffee
23,29
Coke
35
Combustion, atmosphere, heating equipment
.
34
Communication
2,20,25
Confectionery, sales
29
Con stmction:
Contracts.
10
Costs
10,11
Employment, unemployment, hours, earnings.. 13-16
Fixed investment, structures
1
Highways and roads
10,11
Housing starts
10
Materials output indexes
11
New construction put in place
10
Consumer credit
18
Consumer expenditures
1
Consumer goods output, index
4
Consumer Price Index
8
Copper
33
Corn
27
Cost of living (see Consumer Price Index)
8
Cotton, raw and manufactures
8,9,22,38,39
Cottonseed oil
30
Credit, short- and intermediate-term
18
Crops
3,8,27,28,30,38
Crude oil
4,35
Currency in circulation
20
Dairy products
Debits, bank
Debt, U.S. Government
...
Deflators, GNP
Department stores, sales, inventories
Deposits, bank
Dishwashers
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields
Drugstores, sales

3a




3,8,9,27
17
19
'
2
12,13
17,20
.',..
34
16
27
2,3,20,21
12,13

Earnings, weekly and hourly
15,16
Eating and drinking places
12,13
Eggs and poultry
3,8,9,29
Electric power
4,9,26
Electrical machinery and equipment
5-7,
9,14,15, 20,23,24,34
Employee-hours, aggregate, and indexes
15
Employment
13,14
Expenditures, U.S. Government
19
Explosives
26
Exports (see also individual commodities)
1,3,22-24
Failures, industrial and commercial
7
Farm income, marketings, and prices.
2,3,8,9
Farm wages
16
Fats and oils
9,23,29,30
Federal Government
finance
19
Federal Reserve banks, condition of
17
Federal Reserve member banks
;
17
Fertilizers
9,25
Fire losses
11
Fish
29
Flooring, hardwood
31
Flour, wheat
28
Food products
1,4,6,8,9,14-16,20,22,23,27-30
Foreclosures, real estate
11
Foreign trade (see also individual commod.)
22-24
Freight cars (equipment)
40
Fruits and vegetables
8,9
Fuel oil
35,36
Fuels
4,8,9,23,34-36
Furnaces
34
Furniture
5,9,12-15
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gross national product
Gross national product, price deflators
Gross private domestic investment
Gypsum and products

4,9,26
1,35
38
26
19
8,9,22,27,28
12,13
1
2
1
9,38

12
Hardware stores
9,34
Heating equipment. .
Hides and skins
9,30
Highways and roads.
10,11
Hogs.
28
Home electronic equipment
9
Home Loan banks, outstanding advances
11
Home mortgages
11
Hosiery
40
Hotels and motor-hotels
25
Hours, average weekly
15
Housefurnishings
1,4, 5,8, 11,12
Household appliances, radios, and television sets.
4,
8,9, 12,34
Bousing starts and permits
10
Imports (see also individual commodities)... 1,3,23, 24
Income, personal
2,3
Income and employment tax receipts
19
Industrial production indexes:
By Jndustry
4,5
By market grouping
4
Installment credit
13,18
Instruments and related products
5,6,14,15
Insurance, life
J9
Interest and money rates
18
International transactions of the United States . . .
3
Inventories, manufacturers' and trade
5-7,11,12
Inventory-sales ratios
5
Iron and steel
5,9,11,20, 23,31,32
Labor advertising index, stoppages, turnover
16
Labor force
13
Lamb and mutton
28
Lead
33
Leather and products
4,9,14-16,30
Life insurance
19
Livestock
3,8,9, 28
Loans, real estate, agricultural, bank (see also
Consumer credit)
11,17,18
Lubricants
35,36
Lumber and products
5,9,11,12,14,15, 20,31
Machine tools.
34
Machinery
5-7,9,14,15,20,23,24,34
Mail order houses, sales
12
Manmade fibers and manufactures
9,39
Manufacturers' sales (or shipments), inventories,
orders
5-7
Manufacturing employment, unemployment, production workers, hours, earnings
14-16
Manufacturing production indexes
4,5
Margarine
29
Meat animals and meats
3,8,9,22, 23,28,29
Medical and personal care
8
Metals
4-7,9,14,15,20,22,23,31-33
Milk
27
Mining and minerals
2, 4,9,14-16, 20
Monetary statistics
19, 20
Money supply
20
Mortgage applications, loans, rates
11,17-19
Motor carriers
24
Motor vehicles
1,4-6,8,9,11,20,23,40

National defense expenditures
1,19
National income and product
1,2
National parks, visits
25
Newsprint
23,37
New York Stock Exchange, selected data
21,22
Nonferrous metals
5-7,9,20,23,33
Noninstallment credit
18
Oats
Oils and fats
Orders, new and unfilled, manufacturers'
Ordnance

27
9,23,29,30
7
14,15

Paint and paint materials
Paper and products and pulp

9,26
4,6,
9,14-16,20,23,36,37
Parity ratio
8
Passenger cars
1,4-6,8,9,11,12,20,23,24,40
Passports issued
25
Personal consumption expenditures
1
Personal income
2,3
Personal outlays
2
Petroleum and products
4,6,
8,9,14,15,20,23,35,36
Pig iron
31, 32
Plant and equipment expenditures
2
Plastics and resin materials
26
Population
13
Pork
28, 29
Poultry and eggs
3,8,9,29
Price deflators, implicit, GNP
2
Prices (see also individual commodities)
8,9
Printing and publishing
4,14-16
Private sector employment, hours, earnings
13-16
Profits, corporate
2, 20
Public utilities
2,4,10,20,21, 26
Pulp and pulp wood
36
Purchasing power of the dollar
9
Radio and television
4,11,34
Railroads
2,16,17,21,24,25,40
Ranges
34
Rayon and acetate
39
Real estate
11,17,19
Receipts, U.S. Government
19
Recreation
8
Refrigerators
34
Registrations (new vehicles)
40
Rent (housing)
8
Retail trade
5,7,12-16,18
Rice
28
Rubber and products (incl. plastics)
4,6,
9,14-16,23,37
Saving, personal.
2
Savings deposits
17
Securities issued;
20
Security markets
20-22
Services
1,8,14-16
Sheep and lambs
28
Shoes and other footwear
9,12, 30
Silver
19
Soybean cake and meal and oil
30
Spindle activity, cotton
39
Steel (raw) and steel manufactures
23,31,32
Steel scrap
31
Stock market customer
financing
20
Stock prices, earnings, sales, etc
21,22
Stone, clay, glass products
5,6,9,14,15,20,38
Sugar
23,29
Sulfur
25
Sulfuric acid
25
Superphosphate
25
Tea imports
29
Telephone and telegraph carriers
25
Television and radio
4,11,34
Textiles and products
4,6,9,14-16,20,23,38-40
Tin
33
Tires and inner tubes
9,12,13, 37
Tobacco and manufactures
4,6,8,14,15,30
Tractors
34
Trade (retail and wholesale)
5,11,12,14-16
Transit lines, urban
24
Transportation
1,2,8,14-16,20-22,24, 25
Transportation equipment
5-7,14,15,20,40
TraveK
...
24,25
Truck trailers
40
Trucks (industrial and other)
34,40
Unemployment and insurance
13, 17
U.S. Government bonds
17-21
U.S. Government
finance
19
U.S. International transactions
3
Utilities
2,4,8,10,21,22,26
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Veterans* unemployment insurance
Wages and salaries
Washers and dryers
Water heaters
Wheat and wheat
Wholesale Price Indexes
Wholesale trade
Wood pulp
Wool and wool manufactures

Zinc.

flour

34
12,13
23,29,30
8,9
1*
2,3,15, 16
34
34
28
8,9
5,7,11,14-16
36
9,39
33

Per Capita Personal Income, 1976

$4^00-$5^00

U.S. Department of Commerce, Bureau of Economic Analysis