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AUGUST 1991 / VOLUME 71 NUMBER

SURVEY OF CURRENT BUSINESS

UNITED STATES DEPARTMENT OF COMMERCE
ECONOMICS AND STATISTICS ADMINISTRATION / BUREAU OF ECONOMIC ANALYSIS




August 1991 / Volume 71 Number Vfc

SURVEY OF CURRENT BUSINESS
1

U.S. Department of Commerce
Robert A. Mosbacher / Secretary

Business Situation
2 RealGNP
6 Corporate Profits
6 Government Sector

8

Gross Domestic Product as a Measure of U.S. Production

9

National Income and Product Accounts
9 Selected NIPA Tables
23 NIPA Charts
25 Reconciliation and Other Special Tables

Economics and Statistics Administration
Michael R. Darby / Under Secretary for
Economic Affairs and Administrator
29

Alternative Measures of the Rate of Return on Direct Investment

47

Foreign Direct Investment in the United States: Detail for
Historical-Cost Position and Balance of Payments Flows, 1990

81

Editor-in-Chief: Douglas R. Fox
Managing Editor: Leland L. Scott

State Per Capita Personal Income, 1985-90, and
State Personal Income, 1988-90: Revised Estimates

44

Bureau of Economic Analysis
Allan H. Young / Director
Carol S. Caraon / Deputy Director

U.S. Direct Investment Abroad: Detail for Historical-Cost Position
and Balance of Payments Flows, 1990

Publication Staff: W. Ronnie Foster,
M. Gretchen Gibson, Eric B. Manning,
Donald J. Parschalk
SURVEY OP CURRENT BUSINESS. Published monthly

by the Bureau of Economic Analysis of the U.S.
Department of Commerce. Editorial correspondence should be addressed to the Editor-in-Chief,
SURVEY OP CURRENT BUSINESS, Bureau of Economic

Analysis, U.S. Department of Commerce, Washington, DC 20230.
Annual subscription: Second-class mail—
$23.00 domestic, $28.75 foreign; first-class mail—
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Mail subscription urders and address changes to
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Make checks payable to the Superintendent of
Documents.
Second-class postage paid at Washington, DC
and at additional mailing offices. (USPS 337-790).
The Secretary of Commerce has determined
that the publication of this periodical is necessary
in the transaction of the public business required
by law of this Department.




C-pages: Business Cycle
(See page C-l for contents)

Indicators

S-pages: Current Business

Statistics

(See page S-36 for contents and subject index)
Inside back cover: BEA Information

NOTE,—This issue of the SURVEY went to the printer on September 6,1991.
It incorporates data from the following monthly BEA news releases:
Gross National Product (Aug. 28),
Personal Income and Outlays (Aug. 29), and
Composite Indexes of Leading, Coincident, and Lagging
Indicators (Aug. 30).

the BUSINESS SITUATION
PRELIMINARY

estimates show that

real GNP—a measure of U.S. production—decreased at an annual rate of
0.1 percent in the second quarter of
1991; the advance estimate, which
was issued last month and which was
based on less complete information,
had shown a 0.4-percent increase. Real
gross domestic purchases—a measure
of U.S. demand—increased 2.0 percent,
0.9 percentage point less than previously reported (see table 1 on page
25).
The revision in GNP was smaller
than the revision in gross domestic
purchases because of a sizable upward
revision in net exports. Revisions in
net exports—that is, exports minus
imports—lead to revisions in GNP but
not in gross domestic purchases. l

1. Gross domestic purchases is calculated as the
sum of personal consumption expenditures (PCE), gross
private domestic investment (GPDI), and government
purchases. GNP is calculated as the sum of these
three components plus exports minus imports (thereby
including U.S. production of goods and services sold outside the United States and excluding goods and services
in PCE, GPDI, and government purchases that are not
produced in the United States).

CHART
The price index for gross domestic purchases (fixed weights) increased
Real Product:
2.3 percent in the second quarter, 0.1
Change
percentage point less than reported Billion 1982 $ From Preceding Quarter
last month. The GNP price index 50
(fixed weights), up 3.0 percent, was 40 — GROSS NATIONAL PRODUCT
unrevised.
30 —
The growth in real disposable per- 20
sonal income was revised up sharply,
to 2.5 percent from 1.2 percent. 10 —
Roughly one-half of the revision was
attributable to a downward revision in -10
personal tax and nontax payments that -20
reflected the latest information on tax -30
50
collections.
PERSONAL CONSUMPTION EXPENDITURES
40
Revisions in components of real
GNP.—Real inventory investment was 30
revised down $6.5 billion; most of 20
the revision was in nonfarm invento- 10
ries. Personal consumption expendi- 0
tures was revised down $5.1 billion; -10
downward revisions in durable goods -20

IIlllii-u.
JILL

-30
NOTE.—Daniel Larkins was primarily respon- 30
sible for preparing the section on revisions in 20

the national income and product accounts, the 10
section on real GNP (with contributions from
0
Larry R. Moran, Ralph W. Morris, and Mira
A. Piplani), and the section on corporate prof- -10
its; David T. Dobbs prepared the section on the -20
30
government sector.
20
10

0

FIXED INVESTMENT

• I . •-.
v

I

1

i !

II

CHANGE IN BUSINESS INVENTORIES

I •

•

-10

Looking Ahead...

-20

• National Income and
will have an article about
be introduced in the upcoming comprehensive revision.
• Capital Expenditures by Foreign Affiliates. The September SURVEY will
present revised estimates of capital expenditures by majority-owned foreign
affiliates of U.S. companies (MOFA's) for 1989-91. The first estimates of capital spending for 1992 will be published in March 1992. Their presentation
in March 1992 reflects a change in the survey schedule. A study of MOFA
budgeting cycles showed that a survey in June, timed to permit presentation
of results in September, was too early to obtain reliable capital spending
plans for the year ahead. Henceforth, the first survey of year-ahead plans
will be in December.
• Composite Indexes Revision. The annual revision of the composite indexes
of leading, coincident, and lagging indicators will be presented in the October SURVEY. The indexes will be revised from 1986 forward to incorporate
revised data for component series.




r

Product Accounts Revision. The September SURVEY -30
-40
definitional and classificational changes that will
40
30
20
10

0
-10
-20
30
20
10

0

NET EXPORTS

I• J

•

• ' - | Ii •" ll |
'
'

I

GOVERNMENT PURCHASES

i • ••!_•

•

-10
-20

U.S.

1988
1989
1990
1991
Based on Seasonally Adjusted Annual Rates
Department of Commerce. Bureau of Economic Analyse

1

August 1991

SURVEY OF CURRENT BUSINESS

and in services were partly offset by an
upward revision in nondurable goods.
Net exports was revised up $4.1 billion, largely reflecting a downward revision in merchandise imports (mainly
in petroleum and in consumer goods).
Government purchases was revised up
$1.9 billion; the revision was more
than accounted for by Federal purchases (mainly nondefense). Nonresidential fixed investment was revised
up $0.6 billion; a $3.4 billion upward
revision in producers' durable equipment (which was more than accounted
for by motor vehicles) was largely offset by a $2.8 billion downward revision
in structures (which was mainly accounted for by commercial buildings).
(The newly available source data for
the preliminary second-quarter estimates are listed in the box on this
page.)

GNP). In the first quarter, command- Personal consumption expenditures
basis GNP decreased 0.6 percent (comReal personal consumption expendpared with the 2.8-percent decrease in itures (PCE) increased 2.8 percent in
real GNP).
the second quarter after decreasing 1.5
Table 1.—Gross National Product, Motor Vehicle Output, and Construction Output
[Seasonally adjusted at annual rates]
Billions of 1982 dollars
Level

Percent change from preceding quarter

1991

1990
1991:11
Gross national product
Motor vehicle output
Construction output

;

Gross national product less motor vehicle
and construction output

1990

Change from the preceding quarter

III

IV

1

in

II




n

•

4,123.0
134.5
329.8

14.9
5.5
-8.1

-16.6
-27.3
-11.4

-29.3
-19.9
-18.1

-1.1
13.1
-3.8

1.4
14.2
-8.4

-1.6
-50.7
-12.0

-2.8
-45.5
-19.1

-0.1
50.7
-*.5

3,658.7

ns

22.1

8.7

-10.4

1.9

ts

1.0

-1.1

Table 2.—Real Personal Consumption Expenditures
[Seasonally adjusted at annual rates
Percent change from preceding quarter

Billions of 1982 dollars

2. The regularly featured estimate of real GNP is
based on 1982 weights. An alternative estimate of real
GNP based on 1987 weights increased 0.8 percent in
the second quarter after decreasing 2.8 percent in the
first (see tables 4 and 5 on page 27).

IV

NOTE.—Motor vehicle output is derived by summing auto output (table 1.18 of the "Selected NIPA Tables") and truck output (table 1.20). Conduction output may be approximated by "structures/1 shown in table 1.4 of the "Selected NIPA Tables." This approximation excludes maintenance
and repair expenditures and includes brokers' commissions as well as mining exploration, shafts, and wells; nevertheless, it probably tracks movements in construction output quite closely. The value of motor vehicle and construction output includes the value of inputs, such as steel, obtained
from other domestic industries and foreign suppliers as imports.

RealGNP
Real GNP decreased 0.1 percent in
the second quarter after decreasing 2.8
percent in the first.2 The smaller
decrease in the second quarter reflected a sharp upswing in motor vehicle output and a much smaller drop
in construction output than in the first
quarter. The rest of the economy—
that is, GNP excluding motor vehicles
and construction—decreased 1.1 percent after increasing 1.0 percent (table
IX
Before second-quarter developments
in terms of the conventional GNP
components are discussed, it is useful to consider recent changes in real
GNP expressed on a command basis.
Command-basis GNP measures U.S.
production in terms of its purchasing
power; thus, changes in commandbasis GNP reflect changes in the U.S.
terms of trade, which BEA measures as
the ratio of the implicit price deflator
for exports to the implicit price deflator for imports. (Command-basis GNP
and the terms-of-trade ratio are shown
in table 1.11 of the "Selected NIPA
Tables.") In the second quarter, the
U.S. terms of trade improved considerably, largely reflecting the drop in the
price of imported petroleum; as a result
of this improvement, command-basis
GNP increased 2.2 percent (compared
with the 0.1-percent decrease in real

1991

Level

1991

1990
1991:11

ni

IV

I

1991

1990

Change from the preceding quarter

in

II

IV

I

n

2,682.1

18.0

-23.2

-9.9

18.4

2.7

-3.4

-IS

2&

Durables
„.
.,
Motor vehicles and parts
Furniture and household equipment .....
Other durables
..

401.6
154.3
180.5
66.8

2.7
1.8
-.3
1.2

-13.9
-10.2
-3.4
-.3

-12.7
-12.2
1.3
-1.7

-1.3
-2.9
2.9
-1.4

2.6
4.1
-.7
7.1

-12.3
-20.9
-7.4
-1.7

-11.7
-25.8
3.0
-9.4

-1.3
-7.2
6.7
-8.0

Nondurables
Food..
Clothing and shoes
Energy"
Other nondurables

903.1
453.6
171.3
113.3
164.9

5.2

-15.2
-5.8
-3.8

-4.1
-.1
-3.6
-.6
.2

«S
4,3
2.6
-1.0

2.3
.1
7.4
4.6
1.9

-6.5
-5.0
-8.4
-13.8
-3.5

-1.8
-.1
-8.2
-2.1
.5

10J
9.7
-2.4

1,377.4
379.2
170.0
82.2
87.8
103.0
312,9
412.3

10.0
.3
1.6
.3
1.4
1.2
5.3
1.6

7.0
0
-3.5
-3.0
-.5
-.8
2.5
8.8

13.7
1.1
3.9
2.4
1.5
1.8
3.1
3.8

3.0
3!9
1.5
6.7
4.9
7.3
1.6

1.8
1.0
-1.2
.5
-2.7
4.4
3.6
1.7

2.1
0
-8.0
-13.7
-2.3
-3.1
3.3
9.1

4.1
1.2
9.7
12.6
7.1
7.3
4.1
3.8

Personal consumption expenditures

Services
Housing
Household operation ...
Enerey2
.......
Other
Transportation
Medical care ....
Other services

.*
Z

......

11
1.3
.8

-1.5
5.9
.9
-.5
~6
1.1
2.7
1.7

2.7

1. Gasoline and oil, and fuel oil and coal.
2. Electricity and gas.
NOTE.—Percent changes in major aggregates arc found in table 8.1 of the "Selected NIPA Tables." Dollar levels are found in table 2.3.

NOTE.—Quarterly estimates in the national income and product accounts are expressed at
seasonally adjusted annual rates, and quarterly changes are differences between these rates.
Quarter-to-quarter percent changes are annualized. Real, or constant-dollar, estimates are
expressed in 1982 dollars and are based on 1982 weights. (Alternative measures based on more
current weights are shown in tables 4 and 5 on page 27.)
The preliminary GNP estimate for the second quarter incorporates the following revised or
additional source data that were not available when the advance estimate was prepared a month
ago.
Personal consumption expenditures: Revised retail sales for May and June, and consumers'
share of new car purchases for May.
Nonresidential fixed investment: Construction put in place in May (revised) and June, revised
manufacturers' shipments of equipment for May and June, and partial information on plant
and equipment expenditures for the quarter, and business* share of new car purchases for May.
Residential investment: Construction put in place for May (revised) and June.
Change in business inventories: Manufacturing and trade inventories for May (revised) and
June.
Net exports of goods and services: Merchandise exports and merchandise imports for May
(revised) and June.
Government purchases of goods and services: Federal outlays for June, and State and local
construction put in place for May (revised) and June.
Wages and salaries: Revised employment, average hourly earnings, and average weekly hours
for May and June.
GNP prices: Detailed merchandise export and import price indexes for March through June,
values and quantities of petroleum imports for June, and residential housing prices for the
quarter.

August 1991

percent in the first quarter and 3.4
percent in the fourth quarter of 1990
(table 2). The increase was accounted
for by nondurable goods and by services. Durable goods decreased for the
third consecutive quarter, though by
much less than in the two preceding
quarters.
The second-quarter upturn in PCE
reflected improvements in many of the
factors usually associated with consumer spending. Real disposable personal income increased after decreasing for three consecutive quarters. Initial claims for State unemployment insurance decreased for the first time in
five quarters. The Index of Consumer
Sentiment (prepared by the University
of Michigan's Survey Research Center)
increased for the second consecutive
quarter after decreasing for five quarters. Consumer prices increased at the
smallest rate in 4^2 years.
Expenditures for nondurable goods
increased 2.7 percent in the second
quarter after decreasing 1.8 percent in
the first. The increase was accounted
for by expenditures for clothing and
shoes and for energy.
Expenditures for services increased
4.1 percent in the second quarter after increasing 2.1 percent in the first.
All major components except "other
services" either increased more in the
second quarter than in the first or increased after decreasing. Household
operation increased in the second quarter after falling in the first. Both
the increase and the drop primarily
reflected weather conditions: Warmerthan-normal temperatures in the second quarter led to increased spending
for electricity for air conditioning after milder-than-normal temperatures
in the first quarter had led to a drop
in spending for natural gas for heating.
Both the increase in hotel and motel
services, which accounted for nearly
one-half of the second-quarter increase
in housing services, and the increase
in transportation services may have
reflected reduced air fares and a return to more normal tourist activities
following the end of the war in the
Persian Gulf.
Expenditures for durable goods decreased only 1.3 percent in the second quarter after falling 11.7 percent in the first (and 12.3 percent
in the fourth). Motor vehicles and
parts decreased moderately after much
larger decreases in the first and fourth
quarters. After falling sharply for
four quarters, sales of new cars decreased only slightly in the second




SURVEY OF CURRENT BUSINESS
quarter, partly reflecting more attractive sales-incentive programs. Sales
of used cars decreased after increasing for four consecutive quarters; the
decrease reflected the reduced availability of program cars to consumers
as a result of changes in manufacturers' fleet-marketing programs.3
"Other durables7* decreased for the
third consecutive quarter.

Structures decreased 13.7 percent in
the second quarter after decreasing 9.0
percent in the first. About one-half
of the second-quarter decrease was accounted for by commercial buildings,
which accounted for an even bigger
portion of the first-quarter decrease.
Commercial buildings decreased by
more than 20 percent for the third consecutive quarter, and in the second
quarter they were at their lowest level
in 8 years. Hotels and motels recorded
an unusually sharp decrease.
Producers* durable equipment increased 2.0 percent after dropping 18.4
percent—the largest drop in more than
10 years. The increase was more
than accounted for by information processing equipment and by transportation equipment. Within information
processing equipment, computers registered the largest increase; within
transportation equipment, increases in
autos and trucks were partly offset by
a sharp decrease in aircraft.

Nonresidential fixed investment

Real nonresidentialfixedinvestment
decreased 1.8 percent in the second
quarter after dropping 16.3 percent in
the first. Structures decreased more
than in the first quarter, but producers'
durable equipment increased modestly
after a sharp drop (table 3).
Many of the factors that are associated with investment spending improved somewhat in the second quarter. Real final sales increased slightly
after decreasing. Corporate profits and
cash flow also increased slightly; the
increase in profits followed three consecutive decreases, and the increase in
cash flow was the third in succession.
The yield on new high-grade corporate bonds continued to slide, dropping
12 basis points to 9.18 percent. Respondents to the two most recent Census Bureau surveys of plans for plant
and equipment expenditures reported
slight upward revisions in planned
1991 expenditures (in current dollars).

Residential investment

3. Program cars are those that are repurchased
from business fleets by manufacturers as part of their
fleet-marketing programs. These cars are especially attractive to consumers because they have fewer miles
and more options than most used cars and because they
are less expensive than most new cars.

Real residential investment increased 2.7 percent in the second quarter—
its first increase since the first quarter
of 1990—after a 25.3-percent decrease
in the first quarter. The upswing was
in single-family construction and in the
"other" component (which includes additions and alterations, major replacements, mobile home sales, and brokers'
commissions on house sales).
The upswing in single-family construction mirrored an upturn in singlefamily housing starts, which increased
105,000 units, to 831,000 units (seasonally adjusted annual rate), after de-

Table 3.—Real Gross Private Domestic Fixed Investment
[Seasonally adjusted at annual rates]
Billions of 1982 dollars

Percent change from preceding quarter
1990

Change from the preceding quarter

1991

Level
1990
1991:11
Gross private domestic fixed investment ..

ni

1991

m

n

I

IV

rv

>

n

647.3

1.1

-9.6

-34.1

-1.3

0.6

„.„.„....„..„„...

494.5

10.9

.1

-22.6

-2.3

8.9

.1

-163

-1.8

Structures
„„.„.......
.....
Nonresidential buildings, excluding

109.6

1.5

-tf.0

-2.7

-4.1

5.1

-18.2

-9.0

-13.7

Public udiidcs*""".»"!".!"r."!!!!"!"r.!
Mining exploration, shafts, and wells
Other
„...

68.2
20.5
15.9
5.0

-6.1
-2
.5
-.2

-22
0
-.4

-3.7
0
-.7
.3

2.5
0
18.9
28.1

-27.1
-3.8
12.7
-15.1

-11.4
0
-9.1
-8.1

-19.0
0
-15.8
28.1

Nonresidential ....,„„„..„..

o"
.7
.3

SA

-18J

-0.8

Producers* durable equipment ...........
Information processing and related
equipment
„
Industrial equipment
Transportation and related equipment
Other ........................

385.0

9.5

6.1

-20.0

1.9

10.2

6.3

-18.4

2.0

200.7
62.9
63.5
57.8

-.2

i<u
-3

13.0
0
-7.5
.7

-4.1
-4.3
-».7
-6.9

3.9
-3.1
12
-2

-.4
-1.7
79.1
-1.8

30.7
0
-34.6
4.4

-7.9
-22.3
-25.2
-262

8.2
-17.5
7.9
-1.4

Residential ..
-«
.....
Single-family structures ........... ........
Mulrifamily structures ... .
...»
Other
„
~~

152.8
70.5
12.4
70.0

-9.8
-6.9
-1.2
-1.8

-9.7
-6.0
-.3
-3.4

-11.5
-8.9
-1.1
-1.5

1.0
12
-1.6
1.5

-19.8
-27.0
-25.9
-92

-20.6
-25.6
-7.6
-17.3

-25.3
-38.3
-26.1
-8.3

17
7.1
-38.5
9.1

NOTE.—Percent changes in major aggregates are found in table 8.1 of the "Selected NIPA Tables." Dollar levels are found in table 5.13.

SURVEY OF CURRENT BUSINESS

creasing for four consecutive quarters
(chart 2).
The upswing in the "other" component was attributable to an upswing in
brokers' commissions on house sales.
Sales of new houses increased 40,000
units, to 506,000 units, and sales of existing homes increased 427,000 units,
to 3,470,000 units (seasonally adjusted
annual rates). Mortgage interest rates
changed little (chart 3).
Multifamily construction decreased
more in the second quarter than in
the first. Vacancy rates remained
high. With the second-quarter decrease, multifamily construction was
less than one-half its level of 5 years
ago.

August 1991

2.84 range in which it had fluctuated
for 3^2 years.

preceding quarters. Retail auto dealers continued to draw down inventories, though at a much slower
rate. Other retail trade inventories increased after decreasing; the increase
was in department store, food store,
and furniture store inventories.
Reflecting the second-quarter reductions in nonfarm inventories and
the slight pickup in final sales, the
constant-dollar ratio of nonfarm inventories to final sales moved down to
2.77, somewhat lower than the 2.79-

Farm inventories decreased $6.1 billion in the second quarter after increasing $3.1 billion in the first. Inventories of crops decreased substantially
more in the second quarter than in
the first; open-market sales were well
above crop output, and farmers made
net placements of crops with the Commodity Credit Corporation. Inventories of livestock increased more than
CHART 2

Housing Starts
Million of units
2.01

Inventory investment

Real inventory investment—that is,
the change in business inventories—
decreased $2.7 billion in the second
quarter, as net inventory withdrawals
increased to $27.7 billion in the second quarter from $25.0 billion in the
first (table 4). Inventory investment
had increased $1.4 billion in the first
quarter.
Nonfarm inventories decreased $21.6
billion in the second quarter, the third
consecutive quarter of substantial decrease. The second-quarter decrease
was accounted for by reductions in
nonpetroleum inventories in manufacturing and wholesale trade; petroleum
inventories increased substantially. In
the first quarter, most of the decrease
was in retail inventories, particularly
retail auto dealers' inventories; in the
fourth, most of the decrease was in
retail auto dealers' inventories and in
petroleum inventories.
Manufacturing inventories decreased
$11.3 billion in the second quarter.
The decrease was in durables, where
all categories decreased. Inventories
of nondurables increased again; the
second-quarter increase was accounted
for by petroleum and coal products and
by chemicals.
Wholesale inventories decreased
$10.8 billion. The decrease reflected
a sharp downswing in inventories of
merchant wholesalers; the downswing
was accounted for mostly by motor vehicles and by machinery, equipment,
and supplies. Inventories of nonmerchant wholesalers increased slightly
after decreasing for two quarters; the
upswing was more than accounted for
by inventories held in petroleum bulk
stations and terminals.
Retail trade inventories were unchanged after decreasing in the two




Total

1.0

0.5

11111111111111111111111111111111111111111111111111111111111
1987

1988

1989

1990

1991

Seasonally Adjusted at Annual Rates
US Department of Commerce. Bureau of Economic Analysis

CHART 3

Selected Interest Rates
Percent
141
Prime Rate

Mortgage Commitments

1111
1987

11111111111111
1988

Data: FRB
U.S. Department of Commerce. Bureau of Economic Analysis

1
1

1
1
1989

1111111111
1990

_LL
1991

SURVEY OF CURRENT BUSINESS

August 1991

in the first quarter, largely reflecting
weak open-market sales.
Net exports

Real net exports decreased $21.6 billion in the second quarter after increasing $15.9 billion in the first (table
5). Exports increased $6.9 billion; an
increase in merchandise exports was
partly offset by a decrease in exports of
services. Imports increased $28.5 billion; virtually all of the increase was in
merchandise imports.

Merchandise exports increased $13.8
billion (or 13.1 percent) in the second
quarter .after increasing $7.6 billion
in the first. Nonagricultural exports
increased $16.8 billion after increasing $6.4 billion; the second-quarter
increase was accounted for by civilian
aircraft, autos, computing equipment,
and "other" capital goods. Agricultural
exports decreased $3.0 billion after a
small increase. Exports of services
dropped $6.9 billion, about the same as
in the first quarter; the second-quarter
drop was more than accounted for by

Table 4.—Change in Real Business Inventories
[Billions of 1982 dollars; seasonally adjusted at annual rates]
Change from preceding quarter

Level
1990

in

11

Farm .......................

IV

1991

1990

m

n

I

IV

Government purchases

II

I

-26.4

-25,0

-27.7

-4.8

-31.1

\A

-2.7

2.1

3.1

-6.1

2.1

2.1

1.0

-92

4.7
3.7
1.5
.8
3.2
-2.4
-1.3

-28.5
-183
3.2
-9.3
-10.4
1.1
-4.1

-28.1
-1.3
3.0
-24.7
-17.6
-7.1
-5.0

-21.6
-11.3
-10.8
0
-1.3
1.4
.4

-6.9
6.3
-1.4
-6.8
.4
-12
-5.0

-33.2
-22.0
1.7
-10.1
-13.6
3.5
-2.8

17.0
-2
-15.4
-12
-82
-.9

.4

6.5
-10.0
-13.8
24.7
16.3
8.5
5.4

1.5

-18.1

-10.4

-20.3

-7.2

-19.6

7.7

-9.9

4.7

9.5

Change In business inventories

1991

...........................

-2.1

0

Manufacturing
„..„. .................
Wholesale trade .......
«...
Retail trade .............................................
Auto dealers
-.
Other retail trade ................................
Other
— .......

11.6
-2.6
2.9
7.6
2.8
4.8
3.7

Addendum:
Nonfarm less auto dealers .........................

8.7

NOTE.—Dollar levels for most inventories are found in table 5.11 of the "Selected NIPA Tables."

Table 5.—Real Net Exports of Goods and Services
[Seasonally adjusted at annual rates]

Billions of 1982 dollars

Percent change from preceding quarter

Change from the preceding quarter

1991

1990

Level
1991

1990

m

1991:11

I

IV

m

n

I

IV

n

Net exports of goods And services ..............

-14.5

-1.9

37.7

15.9

-21.6

Exports
.................................
Merchandise »„.........._,.,.....„..............».
Agriculture «.....**...**..*....*..*«••..*...*...*.»»
NoAasriculture
....««.
Services
.«—..........—.«.««

654.9
4552
36.5
418.7
199.8

10.4
16
-1.3
3.9
7.8

16.7
118
-.3
13.1
3.9

.8
7.6
1.2
6.4
-6.7

6.9
13.8
-3.0
16.8
-6.9

6.9
15
-114
4.2
16.4

11.0
117
-3.1
14.4
7.7

JS
12
13.1
6.6
-12.0

43
13.1
-27.1
17.8
-117

Imports ..I....................................................
Merchandise
..
Petroleum
'.,

669.5
530.1
100.8
429.3
139.4

12.3
11.3
4.0
7.2
1.1

-21.0
-18.1
-17.6
-.4
-2.9

-15.0
-6.7
4.5
-11.1
-8.4

28.5
28.4
13.0
15.3
2

7.6
9.1
17.6
7.1
3.0

-11.8
-13.1
-53.5
-.4
-7.5

-8.8
-5.2
23.4
-10.0
-20.9

19.0
24.6
73.7
15.6
.6

Services

NOTE.—Percent changes in major aggregates are found in table 8.1 of the "Selected NIPA Tables." Dollar levels are found in table 4.2 (for
major aggregates) and table 4.4 (for end-use category detail).

Table 6.—Real Government Purchases of Goods and Services
[Seasonally adjusted at annual raics]
Billions of 1982 dollars

Percent change from preceding quarter
1990

Change from the preceding quarter

1991

Level
1991

1990
1991:11
Government purchases of goods and
services ...—.-......................................m.-

III

IV

I

m

n

I

IV

n

835.8

15

9.6

-17

62

L2

4.7

-L3

3.0

Federal ......
«
National defense ..——..
«—
Nondcfense ............................................
Commodity Credit Corporation
inventory change . ........................
Other
..„ ,
„„
„„

356.4
261.5
94.9

.1
1.7
-1.6

3.9
7.5
-3.6

-.4
1.8
-12

6.9
-6.0
119

.1
17
-7.0

4.6
111
-15.4

-.5
17
-10.0

8.1
-8.7

6.8
88.1

2
-1.8

-3.8
2

1.0
-32

83
4.6

~9

"476

23.9

State and local... _.........„....................—-.
Sfructurcs ..,-..»«..«»„..„„».—.................
Other .- " .................... —
—»

479.4
612
417.2

14
J
1.9

5.1
A2
IS

-13
-3.5
1.2

-.7
-1.5
.8

10
32
1.9

4.9
29.5
1J

-1.9
-193
\2

NOTE.—Percent changes in major aggregates are found in table 8.1 of the "Selected NIPA Tables." Dollar levels are found in table 3.8B.




factor income (mainly direct investment income), and the first-quarter
drop largely reflected a decrease in foreign travel as a result of the war in the
Persian Gulf.
Merchandise imports increased $28.4
billion (or 24.6 percent) in the second
quarter after decreasing $6.7 billion
in the first. Petroleum imports increased $13.0 billion after two quarters
of lower-than-normal imports. Nonpetroleum imports increased $15.3 billion after dropping $11.1 billion; about
two-thirds of the increase was accounted for by computing equipment.
Imports of services changed little after a first-quarter decrease that largely
reflected the drop in foreign travel
associated with the war.

79.4

-.6
-9.1
.8

Real government purchases increased 3.0 percent in the second quarter after decreasing 1.3 percent in
the first (table 6). Federal Government purchases increased after a
small decrease; the turnaround was attributable to an upswing in Federal
nondefense purchases.
Federal nondefense purchases increased in the second quarter after decreasing in the three preceding
quarters. The level of Commodity
Credit Corporation (CCC) inventories
increased $6.8 billion in the second
quarter after decreasing in the two
preceding quarters. The swing reflected net placements of crops (mainly
corn, cotton, and rice) by farmers with
the CCC under the commodity loan
program. Nondefense purchases excluding CCC inventory transactions
increased 23.9 percent in the second
quarter after decreasing 14.0 percent
in the first. All categories except
compensation of employees contributed
to the second-quarter increase; the
first-quarter decrease largely reflected
increased sales from the Strategic
Petroleum Reserve.
Federal defense purchases decreased
8.7 percent in the second quarter after increasing 2.7 percent in the first.
The decrease was accounted for by
purchases of military hardware, particularly in missiles, and by purchases of
nondurable goods, largely in petroleum
products and ammunition. Expenditures in these categories had been
boosted in previous quarters by the
war in the Persian Gulf.
State and local government purchases decreased 0.6 percent in the second quarter after decreasing 1.9 percent in the first. The decreases in both

SURVEY OF CURRENT BUSINESS

August 1991

Profits by industry.—Profits before future because the service lives used
tax (PBT) with IVA is the best available in calculating tax-based depreciation,
measure of industry profits because es- although longer than they used to be,
timates of the CCAdj by industry do are still shorter than those used in
not exist. For domestic industries, estimating economic depreciation.
PBT with IVA increased $6.6 billion
after decreasing $0.9 billion. On the
Government Sector
basis of preliminary and incomplete inCorporate Profits
formation, it appears that a decrease
Thefiscalposition of the government
Preliminary estimates, based on in- in petroleum profits and an increase sector deteriorated in the second quarcomplete data, show that profits from in chemical profits roughly offset each ter of 1991. The Federal Government
current production—profits before tax other, and that losses of motor vehi- deficit increased $58.1 billion, mainly
plus inventory valuation adjustment cle manufacturers decreased. (Indus- reflecting a decline in contributions
(IVA) and capital consumption adjust- try estimates will be published in the from U.S. coalition partners for Operation Desert Storm. The State and local
ment (CCAdj)—increased $1.7 billion September SUBVEY.)
Profits from the rest of the world de- government surplus increased $8.8 bilin the second quarter after decreasing
$2.7 billion in the first (table 7). Prof- creased $8.6 billion. This component lion. The resulting combined deficit
its of domestic corporations increased measures inflows of profits to U.S. cor- of the Federal Government and State
$10.3 billion, but most of this increase porations from their foreign affiliates and local governments increased $49.3
was offset by an $8.6 billion decrease less outflows of profits to foreign cor- billion, to $146.2 billion (table 8).
in profits from the. rest of the world. porations from their U.S. affiliates. In
Profits of domestic nonfinancial cor- the second quarter, receipts decreased Federal
porations increased $7.4 billion; the $9.2 billion and payments decreased
The Federal Government deficit inincrease mainly reflected unit prof- $0.5 billion.
creased $58.1 billion, to $185.0 billion, ,
its, which increased because unit costs
Profits- before tax and related meas-as expenditures increased much faster
increased less than unit prices.
ures.—PBT increased $2.1 billion. The than receipts. In the first quarter, the
Cash flow from current production, increases in profits from current proa profits-related measure of internally duction ($1.7 billion) and in PBT ($2.1 deficit was $126.9 billion.
Receipts.—Receipts increased $4,5 .
generated funds available to corpora- billion) were similar in size because
tions for investment, changed little changes in the IVA (down $4.0 bil- billion in the second quarter after
after increasing $13.7 billion. Be- lion) and in the CCAdj (up $3.8 billion) increasing $8.0 billion in the first.
The slowdown was accounted for by
cause nonresidential fixed investment largely offset each other.
decreased, cashflowas a percentage of
In the source data used to estimate contributions for social insurance and
nonresidential investment increased to PBT, some inventory withdrawals are by indirect business tax and nontax j
j
82.4 percent from 81.3 percent.
valued at replacement cost, but most accruals.
Contributions for social insurance inare valued at historical cost. The
IVA, which is an estimate of the effect creased $3.5 billion after increasing
Table 7.—Corporate Profits
on PBT of valuing all inventory with- $13.2 billion. First-quarter contribudrawals at replacement cost, decreased tions were boosted by increases in soLevel
Change from
preceding
because inventory prices fell less in the cial security maximum taxable earnquarter
1991:11
second quarter than in the first. The ings, medicare insurance premiums,
1991:1 1991:11
Producer Price Index, a major source and military retirement contributions.
Billions of dollars
Indirect business tax and nontax
for inventory prices, decreased at an
-2.7
Profits from current production
287.9
annual rate of 3.7 percent (not sea- accruals decreased $0.8 billion after
1.7
-2.8
Domestic .
..........
228.3
10.3
sonally adjusted) in the second quarter increasing $8.1 billion. The second3.9
Financial
*...
28.5
2.9
Nonfinancial ....
199.8
-6.7
7.4
after decreasing 8.1 percent in the first; quarter decline was attributable to
59.6
-8.6
Rest of the world
.............................
both price decreases mainly reflected lower customs duties; the first-quarter
Inventoiy valuation adjustment ............
4.1
21.9
-4.0
increase was attributable to excise
Capital consumption adjustment ..........
.3
-2.1
3.8
falling petroleum prices.
Profits before tax
283.6
-22.6
2.1
Profits tax liability ..,„„
-11.4
119.9
4.8
The CCAdj, which is the difference tax increases enacted in the Omnibus
Profits after tax
„
-11.2
163.7
-2.7
between tax-based depreciation and Budget Reconciliation Act of 1990.
Profits by industry:
Personal tax and nontax receipts deBEA's estimate of economic depreciaProfits before tax with FVA
287.6
-.6
-2.1
-.9
6.6
228.0
Domestic
..........
tion, increased in the second quarter creased $1.8 billion after decreasing
3.7
2.3
24.8
Financial
....„.„..• .............
-4.5
4.3
Nonfinancial
„«.
2032
after a long downtrend. The down- $4.2 billion. Both declines reflected
-6.0
Manufacturing
„
3.4
Trade
...
.....
trend reflected the impact of the Tax a large decrease in net final settleTransportation and public
1.7
utilities
Reform Act of 1986 (TRA) on the ments received this year on 1990 in-3.7
Oth
^
calculation of tax-based depreciation; dividual income tax returns; in addi59i6
.2 *""-£6
Rest of the world
„...
-9.2
68.8
6.5
Receipts (inflows)
the TRA mandated that longer serv- tion, the first-quarter decline reflected
9.2
6.3
Payments (outflows) »..«*...,..........
ice lives be used in this calculation. the indexing, for inflation, of withDollars
As assets subject to the TRA replaced held income tax. (The published levels
assets with shorter tax service lives of quarterly personal taxes for recent
Unit prices, costs, and profits of
domestic nonfinantiaJ corporations:
in the stock of depreciable assets, the quarters are now known to be too high,
1219
0.011
0.017
Unit price
.821
.007
.010
Unit labor cost
.
CCAdj declined. Most of the assets in as is evidenced by collections of indi.001
.317
.009
Unit nonlabor cost
.003
-.001
Unit profits from current production ...
.082
the stock of depreciable assets are now vidual income taxes in 1991. These
subject to the TRA, and the CCAdj is estimates will be revised as part of
Levels of these and other profits series are found in tables 1.14, 1.16,
6.18B. and 7.18 of the "Selected ND>A Tables."
expected to~ trend upward in the near the upcoming comprehensive revision
IVA Inventory valuation adjustment

quarters were attributable to structures. The second-quarter decrease
was concentrated in school buildings
and water supply construction; the
first-quarter decrease was mainly in
highway construction.

CT




August 1991

of the national income and product
accounts.)
Corporate profits tax accruals increased $3.6 billion after declining $9.0
billion. The upswing reflected an
upswing in corporate profits.
Expenditures,—Expenditures
increased $62.6 billion in the second
quarter after decreasing $49.3 billion
in the first. The sharp upswing was
more than accounted for by transfer
payments to foreigners.
Transfer payments to foreigners increased $40.3 billion after decreasing
$81.3 billion. In the second-quarter,
contributions from U.S. coalition partners for Operation Desert Storm declined $44.2 billion, to $46.4 billion; in
the first quarter, they increased $73.7
billion (such contributions from foreigners are treated as negative foreign
transfers). Other transfer payments to
foreigners declined in both quarters.
Purchases of goods and services increased $7.3 billion after increasing
$6.2 billion. Defense purchases declined $4.1 billion after increasing $6.2
billion. The second-quarter decline
was attributable mainly to a dropoff
in purchases for Operation Desert
Storm; the first-quarter increase was
attributable largely to the January pay
raise for defense employees. Nondefense purchases increased $11.4 billion after being unchanged in the first
quarter. The acceleration was attributable to increases in purchases of
agricultural commodities by the Commodity Credit Corporation, the ending
of sales from the Strategic Petroleum
Reserve (which are treated as negative purchases), and increases in other
programs.
Among other expenditures, transfer
payments to persons increased $7.5
billion after increasing $25.0 billion;
the large first-quarter increase included $17.8 billion for cost-of-living
adjustments for social security and
other programs. Grants-in-aid to State
and local governments increased $7.3
billion after increasing $7.9 billion;
grants for medicaid accounted for all
of the second-quarter increase. Net
interest paid increased $2.2 billion after increasing $1.4 billion. Subsidies
less the current surplus of government enterprises decreased $2.4 billion after decreasing $8.5 billion. The
second-quarter decline was largely attributable to the continued effects of
a February increase in postal rates;
the first-quarter decline included the
initial impact of that increase, a January increase in deposit insurance pre-




SURVEY OF CURRENT BUSINESS
miums, and a decline in agricultural
subsidies.
Cyclically adjusted surplus or deficit.—When measured using cyclical adjustments based on a 6-percent unemployment rate trend GNP, the Federal deficit on the national income and
product accounts basis increased from
$97.8 billion in the first quarter to
$145.6 billion in the second (see table
3 on page 26). The cyclically adjusted deficit as a percentage of the 6percent unemployment rate trend GNP
increased from 1.7 percent in the first
quarter to 2.5 percent in the second.
State and local

The State and local government surplus increased $8.8 billion, to $38.8
billion, as receipts increased more than
expenditures. In the first quarter, the
surplus was $30.0 billion.
Receipts increased $17.7 billion in

the second quarter after increasing
$10.4 billion in the first. Grants-inaid increased $7.3 billion after increasing $7.9 billion. Indirect business tax
and nontax accruals increased $4.8 billion after increasing $1.9 billion; the
acceleration was attributable to sales
taxes. Personal tax and nontax receipts increased $3.7 billion after increasing $2.2 billion. Corporate profits
tax accruals increased $1.2 billion after declining $2.3 billion; the upswing
reflected the upswing in corporate profits. Contributions for social insurance
increased $0.7 billion, the same as in
the first quarter.
Expenditures increased $8.9 billion
in the second quarter after increasing
$6.0 billion in the first. Purchases of
goods and services increased $4.2 billion after increasing $2.4 billion, and
all other categories of expenditures
combined increased $4.7 billion after
increasing $3.6 billion.

Table 8.—Government Sector Receipts and Expenditures
[Billions of dollars, seasonally adjusted at annual rates]
Change from preceding quarter
1991

1990
1991: II
IV
Government sector

14.8
64.2
-49.3

3.4
55.6
-52.2

10.5
-51.3
61.8

8.0

4.5

-4.2
-9.0

-1.8

6.6

5.4
-10.1
3.6
1.6

22.9

-.2

392

11.3
2.4
8.9
4.9
7.0
1.1
5.9

3.9
3.0
.9
2.3
18
4.7
-1.9

11.8
12.4
-.6
-1.8
5.4
132
-7.8
-17.0
6.0

7.9

5.5
-10.7
-8.3
-8.6
2.4

3.1
12.8
15.0
14.7
2.2

1.4
-8.5
-2.8
-32
5.6

1,833.5
1.979.6
-146.2

30.9
28.1
2.9

38.3
17.3
20.9

1.139.0

25.2

20.1

499.5
98.6
71.9
469.0

18.5
2.7
-.1
4.1

8.0
5.0

1.324.0

Receipts ...
...
Expenditures
Surplus or deficit (-) .

451.1
327.1
124.0
4.8
510.0
541.8
-31.8

Federal Government
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 ..
...
„
Nondefen&c
.
,....,».„„..
Of which: Commodity Credit Corporation inventory change ..
Transfer payments .............................
To persons ...........
To foreigners ............................................ .*.«...*...... ........................
Of which: Contributions for Operation Desert Storm
..
Grants-in-aid to State and local governments
Net interest paid .....................
Subsidies less current surplus of government enterprises
Subsidies
«
Of which: Agricultural subsidies
„
Less: Current surplus of government enterprises
Less: Wage accruals less disbursements

-46.4

151.0
1963
15.0

2.9
6.2
-4.5

29.2
9.6
14.2

-6.8
-7.0
-2.3

8.1

3.6
-.8

13.2
62.6
6.2
6.2
-.0
-.1
-56.4
25.0
-81.3
-73.7

7.3
-4.1
11.4
6.2
47.8
7.5
40.3
44.2
7.3
2.2
-2.4
-.2
2'.2

-.4

Surplus or deficit (-) .,

20.3

-38.6

57.4

State and local governments
8453

Expenditures .....

16.4

8.8

10.4

217.0
21.3
393.5
62.8
151.0

Receipts .
Personal tax and nontax receipts ...............
Corporate profits tax accruals
„...
Indirect business tax and nontax accruals .,
Contributions for social insurance
„...
Federal grants-in-aid ,

5.0
.9

1.7
-2.5
2.9
.7
6.0

2.2
-13
1.9
.7
7.9

3.7
1.2
4.8
.7
7.3

6.0

8.9

2.4
-3.8

4.2
-1.4
5.4
-.5
2

806.7

Purchase of goods and services .
Of which: Structures
...
Transfer payments to persons
Net interest paid
Less: Dividendsreceivedby government
Subsidies less current surplus of government enterprises .
Subsidies
„
Less: Current surplus of government enterprises
Less: Wage accruals less disbursements .... ... „. ....
Surplus or deficit (-) .«..„„......-„.
Social insurance funds
Other
-

113
.8
-1.7

..,..„«.....,....„....
-.,,

«

«...

22.4

12.5
.9
4.3
-.4

1

18.2
5.2
4.8
-.4
2

17.7

-A

38.8

-13.6

8.8

71.6
-32.8

.6
-14.2

.6
8.2

NOTE.—Dollar levels arc found in tables 3.2 and 3.3 of the "Selected NIPA Tables."

SURVEY OF CURRENT BUSINESS

8

August 1991

Gross Domestic Product as a Measure of U.S. Production
Beginning with the upcoming comprehensive revision of the national
income and product accounts (NIPA's), BEA will feature gross domestic
product (GDP), rather than gross national product (GNP), as the primary
measure of U.S. production. This change in emphasis recognizes that GDP
is more appropriate for many purposes for which an aggregate measure of
the Nation's production is used. GNP will remain a key aggregate in the
NIPA's and will continue to be published regularly.
How do the GDP and GNP concepts differ?
Both GDP and GNP are defined in terms of goods and services produced,
but they use different criteria for coverage. GDP covers the goods and
services produced by labor and property located in the United States. As
long as the labor and property are located in the United States, the suppliers (that is, the workers and, for property, the owners) may be either
U.S. residents or residents of the rest of the world. GNP covers the goods
and services produced by labor and property supplied by U.S. residents. As
long as the labor and property are supplied by U.S. residents, they may be
located either in the United States or abroad.
As shown in table 1, to move from GNP to GDP one must subtract
factor income receipts from foreigners, which represent the goods and
services produced abroad using the labor and property supplied by U.S.
residents, and add factor income payments to foreigners, which represent the goods and services produced in the United States using the labor
and property supplied by foreigners. Factor incomes are measured as
compensation of employees, corporate profits (dividends, earnings of unincorporated affiliates, and reinvested earnings of incorporated affiliates),
and net interest.
Why feature GDP?
GDP refers to production taking place in the United States. It is, therefore, the appropriate measure for much of the short-term monitoring and
analysis of the U.S. economy. In particular, GDP is consistent in coverage
with indicators such as employment, productivity, industry output, and
investment in equipment and structures.
In addition, the use of GDP facilitates comparisons of economic activity in the United States with that in other countries. GDP is the
primary measure of production in the System of National Accounts, the
set of international guidelines for economic accounting that the U.S. economic accounts will be moving toward in the mid-1990's, and virtually all
other countries have already adopted GDP as their primary measure of
production. Canada, for example, began featuring GDP in 1986.
The emphasis on GDP is consistent with measurement considerations.
Data from BEA's direct investment survey, which is one of the primary
sources for estimating factor income payments and receipts, are not available for the first two of the three quarterly estimates of GNP. For these two
estimates, factor income payments and receipts are based on judgments
about trends in the pace of economic activity in the United States and
abroad and about the value of the dollar in foreign countries, on announced
profits of individual companies, and on other information. Even when all
of the source data become available, BEA does not have the information
needed to make a full set of adjustments to reflect the concepts underlying
the NIPA's. For example, the profits of foreign affiliates do not include
inventory valuation and capital consumption adjustments, and they are
affected by intracompany transfer prices and exchange rates. In addition,
the deflation of current-dollar factor incomes is problematic because incomes such as interest and dividends cannot be separated into price and
Table 1.—Relation of GNP and GDP
1990

quantity components. Lacking a component-specific deflator, BEA uses the
implicit price deflator for net domestic product to derive constant-dollar
estimates.
GNP, however, continues to be a useful concept. Because it refers to
the income available to U.S. residents as the result of their contribution
to production, it is appropriate for analyses related to sources and uses of
income. For example, saving rates are normally expressed as a percentage
of income, and GNP is the more appropriate measure for this purpose. In
addition, GNP is better than GDP for analyses that focus on the availability of resources, such as the Nation's ability to finance expenditures on
education.
How much do the estimates of GDP and GNP differ?
For the United States, the dollar levels of GDP and GNP differ
little—that is, the net receipts (receipts from foreigners less payments to
foreigners) of factor income have been small (tables 1 and 2). The main
reason is that the value of the property owned abroad by U.S. residents
(U.S. investment abroad) less the value of the property owned by foreigners
in the United States (foreign investment in the United States) has been
small relative to the size of the U.S. economy. (The value of labor supplied to, and by, foreigners is even smaller.) Since 1929, the receipts by
U.S. residents from their investments abroad have exceeded payments to
foreigners for their investments here, so GNP has been larger than GDP.
The largest percentage difference, 1.8 percent, was in 1980. In 1990, GNP
was 0.8 percent larger than GDP.
In some countries, the difference between GDP and GNP is much larger.
For example, there is much more foreign investment in Canada than Canadian investment abroad; consequently, its GNP was 3.6 percent smaller
than its GDP in 1990. However, the difference in France, Japan, the
United Kingdom, and several other industrialized countries is now similar,
at 1 percent or less, to that in the United States.
Although the differences between the dollar levels of U.S. GNP and GDP
are small, their growth rates sometimes differ. Table 2 shows that the
annual growth rate of real GNP was slightly less than that of real GDP in
most years of the 1980's. Differences between quarterly growth rates tend
to be larger and to fluctuate more.
How wilt BEA's presentations differ?
Although BEA will continue to publish GNP, the emphasis on GDP will
change some of the NIPA tables. The several tables that now show GNP
and its components will show GDP, with the components adjusted accordingly. For example, in the tables showing GNP as the sum of personal
consumption expenditures, gross private domestic investment, net exports
of goods and services, and government purchases of goods and services
(NIPA tables 1.1 and 1.2), net exports will1* be adjusted to exclude factor
income.
The "Business Situation," the lead article in BEA's SURVEY OF CURRENT
BUSINESS, will feature GDP in its analyses of the first two of the three
quarterly NIPA estimates. For the third estimate, the article will discuss
both GNP and GDP.
Table 2.—Differences Between GNP and GDP

1980
1981
1982
1983
1984
1985

„

4,157.3
102.2
70.3
4,125.4

1. From tables 4.1 and 4.2 of the "Selected NIPA Tables." Factor income receipts less factor Income payments equals rest-of-the-world (ROW) product, shown in tables 1.7 and 1.8. ROW product can also be derived,
using estimates in the full set of NIPA tables, as the sum of ROW compensation of employees (table 6.4B),
ROW corporate profits (table 6.18B), and ROW net interest (table 6.17B).
2. From tables 1.7 and 1.8 of the "Selected NIPA Tables."




_„

„

..„„

1986 .r.r»"Z!~z~i""
1987
.
1988
1989
1990

GNP
Less: Factor income receipts from foreigners 1
Plus: Factor income payments to foreigners'
GDP*

GNP less GDP (Billions
of dollars)

Year or quarter

„

1990:1 .

...
„....

,

n
III .....................
IV ...............

1991:1 .S'.1"""..7Z"1
II

GNP less GDP, as a per
cent of GDP

47.6
52.1
512
49.9
47.4
40.7
34.4
29.0
333
37.6
41.7

1.8
1.7
1.6

41.6
31.6
42.9
50.8
54.8
42.4

Growth rate of GNP les
growth rate of GDP,
based on 1982 dollars
(Percentage points)1

.8
.6
.8
.9
1.0
.8

13
1.0
.8
.6
.7
.7
.8

I. Percent changes in GNP and GDP are found in table 8.1 of the "Selected NIPA Tables."
NOTE.—The quarterly estimates are based on seasonally adjusted annual rates.

0
-.1
0
-.1
~2
-2
-2
-2

6
-A
.7
.5
-.9

August 1991

SURVEY OF CURRENT BUSINESS

NATIONAL INCOME
AND PRODUCT ACCOUNTS
Selected NIPA Tables
New estimates in this issue: Second quarter 1991, preliminary.
The selected set of 54 national income and product accounts (NIPA) tables shown in this section presents quarterly estimates, which are updated
monthly. (In most of these tables, annual estimates are also shown.) The full set of 132 tables usually shown in July presents anmial NIPA revisions.
For more information on the presentation of the estimates, see "National Income and Product Accounts Estimates: When They are Released, Where
They Are Available, and How They Are Presented" in the July 1988 SURVEY.
The tables shown are available the day of the GNP news release on printouts and diskettes on a subscription basis orfromthe Commerce Department's
Economic Bulletin Board. Estimates for 1986-89 are in the July 1990 issue of the SURVEY; estimates for 1985 are in the July 1988 issue; estimates
for 1984 are in the July 1987 issue; estimates for 1983 are in the July 1986 issue. Estimates for 1929-82 are in National Income and Product
Accounts, 1929-82; Statistical Tables. For more information, write to National Income and Wealth Division (BE-54), Bureau of Economic Analysis, U.S.
Department of Commerce, Washington, DC 20230.
NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the Government Division.

Table 1.1.—Gross National Product

Table 12.—Gross National Product in Constant Dollars

[Billions of dollars]

[Billions of 1982 dollars]
Seasonally adjusted at annual rates

19S9

1990
I

II

Seasonally adjusted at annual rates
1989

1991

1990
III

rv

U

I

Gross national product .............

5,200.8 5,465.1 5375.4 5,4433 5314.6 5,5273 5,557.7 5,615.8

Personal consumption expenditures1 .

3*450.1 3,657.3 3,588.1 3,622.7 3,693.4 3,724.9 3,742.8 3,7912

Durable goods
Nondurable goods .......
Services'
.....................:.

474.6 480.3 492.1 478.4 482.3 468.5 455.3 454.0
1,130.0 1,193.7 1,174.7 1,179.0 1,205.0 1216.0 1,212.7 1,222.9
1,945.5 1,983.3 1,921.3 1,965.3 2,006.2 2,040.4 2,074.8 2,114.2

Gross private domestic investment

'7712

741.0

747.2

759.0

759.7

6983

660.0

6563

742.9
511.9
146.2
365.7
231.0
28.3
23.3
5.0

746.1
524.1
147.0
377.1
2220
-5.0
-7.4
2.4

758.9
523.1
148.8
374.3
235.9
-11.8
-17.0
5.3

745.6
516.5
147.2
369.3
229.1
13.4
13.0
.5

750.7
532.8
149.8
383.0
217.9
9.0
6.8
2.2

7292
524.0
142.1
381.9
2052
-30.8
-32.4
1.5

694.1
503.6
139.5
364.1
190.5
-34.2
-37.1
2.9

690.3
497.1
134.9
362.2
193.2
-33.5
-28.7
-4.8

^6.1

-31.2

-30.0

-24.9

-413

-28.8

13.5

14.9

626.2
672.3

672.8
704.0

661.3
691.3

659.7
684.6

672.7
714.1

697.4
7262

694.5
681.0

700.4
685.5

Fixed investment . ........
.......
Nonresidential
Structures
Producers' durable equipment ....
Residential
Change in business inventories
Nonfarni
.......
Farm
Net exports of goods and services'
Exports * .............................................
Imports * »
Government purchases of goods and
services

1990

1990
I

Gross national product .............

III

IV

II

I

4,117.7 4,1573 4,150.6 4,155.1 4,170.0 4,153.4 4,124.1 4,123.0
2*563 2,681.6 2*773 2*783 2,696.8 2*73.6 2*63.7 2,682.1

Personal consumption expenditures'
Durable goods
Nondurable goods
Services * ....

1991

II

.
.....„....„„„„....„
................

Gross private domestic investment
Fixed investment .......»«..»«»......»......
Nonresidential ..................................

428.0 427.4 437.6 426.8 4293 415.6 402.9 401.6
897.1 903.1
919.9 911.1 915.6 9112 916.4 9012
1309.0 1343.1 13242 1340.8 1.350.8 1356.7 1363.7 1377.4
716.9 688,7 700.7 700.7 697.0 6563 623.7 619.6
682.7
519.4
116.4
403.1
163.3
-26.4
-283
11

6473
494.5
109.6
385.0
1518
-27.7
-21.6
-6.1

Net exports of goods and servicesl
Exportsf
Imports *

...... ........

702.9
514.6
123.8
390.8
188.3
-12
-82
6.0

6912
508.4
120.9
3873
182.8
93
11.6

-11

6923
5193
122.4
397.0
173.0
4.7
4.7
0

-333

-35.4

-44.6

-463

-«3

5933
647.4

Producers' durable equipment ....
Residential
»
...
Change in business inventories .
Nonfarm ............
..........

692.3
515.4
120.9
394.6
176.8
-3.6
-5.1
1.5

-54.1

**»«.**•«»**•««•••••••*•*•.+**»»**+*•

693.1
506.1
122.4
383.7
187.0
23.8
18.7
5.0

6313
665.3

628.1
6633

620.1
664.7

6303
677.0

6472
656.0

648.0
641.0

654.9
6693

798.1

Structures

8203

807.9

8202

822.7

8323

S29.6

8353

334.9
256.3
78.7
4632

343.7
258.7
85.0
477.1

333.0
254.4
78.6
475.0

345.9
256.5
89.4
474.3

346.0
2582
87.8
476.7

349.9
265.7
842
4S2.4

3493
2673
82.0
480.1

356.4
261.5
94.9
479.4

648.6
496.8
113.7
383.1
151.8
-25.0
-28.1
3.1

7.1 - 1 4 3

Government purchases of goods and
1,025.6 1,098.1 1,070.1 1,086.4 1,102.8 1,132.9 1,141.5 1,152.9

Federal
National defense
Nondefense ....................
State and local

400.0
301.1
9S.9
625.6

424.0
313.6
110.4
674.1

410.6
307.2
103.4
659.6

421.9
309.6
112.3
664.6

425.8
312.6
113.2
677.0

437.6
325.0
112.6
695.3

451.1
327.1
124.0
701.8

443.8
331.2
112.6
697.7

Federal
National defense ..............................
Nondefcnse
...
'. ......
State and local

1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.

1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

Table 1.3.—Gross National Product by Major Type of Product

Table 1.4.—Gross National Product by Major Type of Product in
Constant Dollars
[Billions of 1982 dollars]

[Billions of dollars]

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates
1989

1990

1989

1991

I
Grass national product
Final sales
Change in business inventories ......
Goods

„„......,

Final sales
...
Change in business inventories ..
Durable goods
........
Final sales
«.—i
Change in business inventories .
Nondurable goods —
Final sales
«
Change in business inventories .
Services .

919.9
941.4
-21.6

930.1
930.1
0

II

III

rv

I

n

„.

4,117.7 4,1573 4,150.6 4,155.1 4,170.0 4,153.4 4,124.1 4,123.0

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

4,094.0 4,160.9 4.152.8 4.145.6 4.1653 4,179.8 4,149.0 4.150.7
-22
23.8
-3.6
93
4.7 -26.4 -25.0 -27.7

5,200.8 5,465.1 5375.4 5,443.3 5^14.6 5,5273 5,557.7 5,615.8
5.172,5 5,4702 5,387.2 5,429.9 5.505.6 5,5582 5,591.9 5,6493
9.0 ^30.8 -342 -33.5
283 -5.0 -11.8
13.4
2,072.7 2,1433 2,111.0 2,146.6 2,170.4 2,145.0 2,136.0 2,156.5
2,044.4 2,148.3 2,122.8 2,133.1 2,161.4 2,175.9 2,1702 2,190.0
9.0 -30.8 -342 -33.5
13.4
-5.0 -11.8
283

1991

1990

1990

Gross national product

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

1,829.5 13293 13254 13313 1339.7 1321.0 1,7973 1,792.0
1,805.7 1,832.9 1.827.6 1,821.8 1.835.0 1347.4 1.822.5 1,819.7
9.5
23.8
-12
4.7 -26.4 -25.0 -27.7
-3.6

895.8
936.5
-40.7

Durable goods .....................................
Final sales
Change in business inventories

9073
897.7
9.8

920.6
930.1
-95

9143
9311
-17.7

919.1
919.5
-.3

941.1
932.9
83

908.0
936.0
-28.1

876.9
911.5
-34.6

8852
919.7
-34.5

1.166.0 1215.3 1,1912 1216.4 12172 1236.3 1,259.7 1260.7
1,149.6 1209.3 1,181.4 1203.0 1218.0 1234.7 1251.7 1253.4
6.0
8.0
13.4
-.8
1.7
16.4
9.8
73

Nondurable goods .
..............
Final sales „
Change in business inventories ......

922.0
908.0
13.9

908.7
902.8
5.9

911.0
895.5
153

9122
902.4
9.8

898.5
9011
-3.6

913.0
911.4
1.6

920.6
910.9
9.7

906.8
900,0
6.8

906.6
894.7
11.9

2,6712

928.0
939.1
-11.1

9532
943.4
9.8

908.7
9412
-32.5

2,791.3 2 3 3 4 2 2,889.6 2,943.0

457.4

876.3
918.5
-422

3,004.0
417.7

3,0433

415.8
454.6 4393
456.9
Structures .
NOTE.—Percent changes from preceding period tor selected items in this table are shown in table 8.1.




473.0

462J

Services

1,915.6 1,961.0 1,943.7 1,952^ 1,9673 1,980.7 1,993.0 2,0012
372.7

366.9

3813

3712

363.1

351.7

333.6

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

3293

SURVEY OF CURRENT BUSINESS

10

August 1991

Table 1.5.—Relation of Gross National Product, Gross Domestic Purchases,
and Final Sales to Domestic Purchasers

Table 1.6.—Relation of Gross National Product, Gross Domestic Purchases,
and Final Sales to Domestic Purchasers in Constant Dollars

[Billions of dollars]

[Billions of 1982 dollars]
Seasonally adjusted at ann ual rates

Seasonally adjusted at annual rates
1989

1990

1990
I

III

II

1989

1991
IV

n

I

1990

1990
I

1991
III

II

IV

n

I

5,200.8 5,465.1 5,375.4 5,4433 5,514.6 5,527.3 5,557.7 5,615.8

Gross national product .»
Less: Exports of goods and services' ....
Plus: Imports of goods and services1 ....
3

Equals: Gross domestic purchases ....
Less: Change in business inventories .....
Equals: Final sales to domestic
purchasers 3

Gross national product

4,117.7 4,1573 4,150.6 4,155.1 4,170.0 4,153.4 4,124.1 4,123.0

672.8 661.3 659.7 672.7 697.4 694.5 700.4
704.0 691.3 684.6 714.1 726.2 681.0 685.5
5,244.9 5,496.4 5,405.3 5,468*2 5,555.9 5,556.1 5,544.2 5,600.9

Less: Exports of goods and services' ....
Plus: Imports of goods and services' ....

620.1 630.5 647.2 648.0 654.9
664.7 677.0 656.0 641.0 669.5
4,171.8 4,191.1 4,185.9 4,199.7 4,216.5 4,162.2 4,117.0 4,1373

626.2
672.3

28.3

-5.0

-11.8

13.4

9.0

-30.8

-34.2

-33.5

5,218.6 5,501.4 5,417.1 5,454.7 5,54&9 5,586.9 5,578.4 5,6344

Equalst Gross domestic purchases^ ....
Less: Change in business inventories
Equals: Final sales to domestic
purchasers 3

593.3
647.4

631.5
665.3

628.1
663.5

23.8

-3.6

-2.2

4.7

9.5

-26.4

-25.0

-27.7

4,148.1 4,194.7 4,188.1 4,190.1 4,211.8 4,188.6 4,142.0 4,165.2

1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
2. Purchases in the Untied States of goods and services wherever produced.
3. Final sales in the United States of goods and services wherever produced.

1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
2. Purchases in the United States of goods and services wherever produced.
3. Final sales in the United States of goods and services wherever produced.

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8*1.

NOTE.—Percent changes from preceding period for selected hems in this table are shown in table 8.1.

Table 1.7.—Gross National Product by Sector

Table 1.8.—Gross National Product by Sector in Constant Dollars

[Billions of dollars]

[Billions of 1982 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates
1989

I
Gross national product .............
Gross domestic product
Nonfarm
,
Nonfarm less housing
Housing ........ .
Statistical discrepancy

1991

1990

1990
II

in

IV

I

1989

I

H

5,200.8 5,465.1 5375.4 5,4433 5314.6 53273 5357.7 5,615.8
5,163.2 5,423.4 5333.8 5,411.7 5,471.7 5,4763 5302.9 5373.4
4,418.1 4,619.2 4351.8 4,613.5 4,659.6 4,652.1 4,659.3 4,717.7
4,346.6 4327.8 4,455.8 4322.1 4371.4 4362.1 4359.0 4,608.0
3,915.3 4,068.8 4,007.6 4,0673 4,106.9 4,093.1 4,086.4 4,130.9
4312 459.1 448.1 454.7 464.4 469.0 472.6 477.1
89.6
96.2
93.1
95.3
94.6
88.6
92.0
93.1
.4
13.5
-4.9
.7
-3.2
-17.0
8.2
-1.7

1990

1990

Gross national product
Gross domestic product ........................
Business
Nonfarm
Nonfarm less housing
Housing
Statistical discrepancy

II

1991
Ill

IV

I

II

4,117.7 4,1573 4,150.6 4,155.1 4,170.0 4,153.4 4,124.1 4,123.0
4,087.6 4,125.4 4,118.2 4,130.6 4,1373 4,1153 4,083.6 4,091.9
3357.9 3,581.1 3380.0 3387.2 3390.8 3366.7 3332.9 3339.2
3,492.9 3302.5 3300.3 3310.3 3314.3 3,485.1 3,445.4 3,449.0
3,196.0 3,200.4 3,199.1 3,208.4 3,211.9 3,182.1 3,141.7 3,144.7
296.9 302.1 301.2 301.8 302.4 303.1 303.7 304.3
80 2
79.4
78.8
81.3
81.2
79.1
801
800
-2.5
10.1
-3.7
.6
-13.8
6.2
.3
-1.3

Households and institutions
Private households
Nonprofit institutions

203.6
10.3
193.3

224.8
10.8
214.0

215.0
10.5
2043

221.4
10.8
210.6

229.3
10.9
218.4

233.4
11.0
222.4

237.4
11.1
226.3

243.7
11.4
232.3

Households and institutions
Private households
Nonprofit institutions

146.2
9.5
136.6

154.5
9.7
144.8

150.8
9.7
141.2

153.6
9.8
143.7

156.7
9.8
146.9

157.0
9.7
147.3

157.6
9.7
147.9

160.0
9.9
1502

Government

541.6
168.6
373.0

579.4
178.5
400.9

567.0
176.6
390.4

576.7
179.2
3973

582.8
178.3
4043

591.0
179.8
4112

606.3
1883
417.8

612.0
188.3
423.8

Government
Federal
State and local

383.5
126.5
257.0

389.7 387.4
U7.6 ~127.0
262.1 260.4

389.9
128.2
261.7

390.0
127.4
262.7

391.5
127.8
263.6

393.0
128.7
264.4

392.6
127.7
264.9

37.6

41.7

41.6

31.6

42.9

50.8

54.8

414

32.4

243

32.6

38.2

403

31.1

State and local
Rest of the world
Addendum:
Gross domestic business product less
housing

3,978 4

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.




Rest of the world

30.2

31.9

Addendum:
Gross domestic business product less
housing

3,252.6

............

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

SURVEY OF CURRENT BUSINESS

August 1991

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

11

Table 1.14.—National Income by Type of Income
[Billions of dollars]

[Billions of dollars]

Seasonally adjusted at annual rates
Seasonally adjusted at annual rates

1989

1990

n

HI

IV

National income

5,200.8 5,465.1 5,375.4 5,4433 5,514.6 5^273 5357.7 5,615.8

Grass national product
Less: Capital consumption allowances
with capital consumption adjustment
Capital consumption
allowances without capital
consumption adjustment.
Less: Capital consumption
adjustment
„

554.4

575.6

567.0

571.1

579.3

585.1

591.5

595.4

541.9

540.5

538.6

539.3

540.7

5433

548.0

555.9

-12.6 -35.1 -28.4 -31.8 -38.6 -41.8 -43.6 -39.4
4,646.4 4,889.5 4,808.4 4,8722 4J3S3 4,9423 4,9663 5,020.4

Equals: Net national product
Less: Indirect business tax and nontax
liability
.......„„„..„„
Business transfer payments
Statistical discrepancy
...

414.0
32.4
-17.0

Plus: Subsidies less current surplus of
Government entei ui ises .»».....*•*.*•*•»*.....

440.3
35.0
-1.7

431.7
34.1
.7

433.0
34.7
-32

444.9
35.4
-4.9

451.4
36.0
,4

461.4
36.7
8.2

465.4
373
13.5

-6.0
-3.5
53
-7.5
3.6
8.4
2,5
6.3
4,223.3 4,418.4 43503 4,4113 4,452.4 4,459.7 4,456.4 4,4983

Equals: National Income.......................
Less: Corporate profits with inventory
valuation and capital consumption
adjustments
_
»......„....».
Net interest
„...•„„

311.6
445.1

298.3
466.7

296.8
463.6

306.6
4662

300.7
468.3

288.9
468.4

286.2
460.9

287.9
451.7

476.8

Contributions for social
insurance
„„„
Wage accruals less
disbursements ..........................
Plus: Government transfer payments to
persons
.....................
Personal interest income
Personal dividend income ...........
Business transfer payments
...
Equals! Personal Income ..............*•«....

506.9

498.9

503.9

5113

513.7

527.6

531.8

0

0

0

0

0

-.4

0

0

659.7 646.8 652.0 661.0 679.0 708.7 721.6
680.4 670.5 678.0 685.3 687.9 682.0 674.7
123.8 120.5 122.9 124.9 126.7 126.7 1253
373
36.7
36.0
35.4
34.7
34.1
35.0
4^843 4,645.5 4,562.8 4,6222 4,6783 4,7183 4,7353 4,7863
604.5
6432
114.4
32.4

Table 1.10.—Relation of Gross National Product, Net National Product,
and National Income in Constant Dollars
[Billions of 1982 dollars]
Gross national product .»...

Less: Capital consumption allowances
with capital consumption adjustment .
Equals: Net national product
Less: Indirect business tax and nontax
liability plus business transfer
payments less subsidies plus current
surplus of government enterprises

506.0 519.7 512.5 516.5 522.5 527.1 531.7 536.5
3,611.7 3,637.6 3,638.0 3,638.6 3,6473 3,6262 3,592.4 33863

333.4

333.4

-13.8

-1.3

334.3
.6

327.0 3303
10.1
.3
62
3,292.1 33O5.« 33032 3308.6 3315.7 3294.7 3259.1 3246.0

Statistical discrepancy .................
Equals: National income

3323
-23

3353
-3.7

3312

Table 1.11.—Command-Basis Gross National Product in Constant Dollars
[Billions of 1982 dollars]
Gross national product .„..
Less: Net exports of goods and services
Imports

—

Equals: Gross domestic purchases
Plus: Command-basis net exports of
goods and services
.................
Command-basis exports1
Imports I...,..,...,.....*..................*
Equals: Command-basis gross
national product ....

4,117.7 4,1573 4,150.6 4,155.1 4,170.0 4,153.4 4,124.1 4,123.0
-54.1 -33.8 -35.4 -44.6 -46.5
-8.8
7.1 -143
593.3 631.5 628.1 620.1 630.5 647.2 648.0 654.9
647.4 6653 663.5 664.7 677.0 656.0 641.0 6693
4,171.8 4,191.1 4,185.9 4,199.7 42163 4,1622 4,117.0 4,1373
-44.4
603.1
647.4

-29.5
635.8
665.3

-28.8
634.7
663.5

-24.2
640.5
664.7

-392
637.8
677.0

-26.0
630.0
656.0

12.7
653.7
641.0

143
684.0
669.5

4,127.4 4,161.6 4,1572 4,1753 4,1773 4,1362 4,129.7 4,152.1

Addendum:
Terms of trade2

101.1

103.3

101.1

100.8

104.4

1. Exports of goods and services deflated by the implicit price deflator for imports of goods and services.
2. Ratio of the implicit price deflator for exports of goods and services to the implicit price deflator for
imports of goods and services with the decimal point shifted two places to the right.
NOTE.—Percent changes from preceding period for selected items in this table art shown in table 8.1.




Compensation of employees .
Wages and salaries .
Government and government
enterprises ...........................
Other
..
Supplements to wages and salaries „.
Employer contributions for social
insurance *

Other labor income .............. ...„„
Proprietors' income with inventory
valuation and capital consumption
adjustments
:
Farm .........».....,....„„„....„„.„.„„„ .....
Proprietors* income with inventory
valuation adjustment . ..............
Capital consumption adjustment .....
Nonfarm
,«....«-™..™
.......
Proprietors* income ...„„„„„«..—
Inventory valuation adjustment
Capital consumption adjustment

IV

I

476.6 508.0 497.1 505.7 5113 518.1 529.8 5343
2,096.6 2,1972 2,1543 2,190.6 222.9 220.8 2213.0 2239.0
505.8 538.9 528.8 536.1 542.7 548.0 556.5 561.8
263.9
24L9

280.8
258.1

276.0
252,8

279.7
256.4

282.7
260.0

284.8
2632

3793

4023

404.0
57.4

401.7

397.9

583
-7.6
350.8
320.7
-2
302

49.9

292.6

4062
48.8

48.5

417.1
51.8

56.3
-7.;
357.4
330.1
-22
293

355.8
324.8
1.6
29.4

64.0

59.9

60.8
-54.7

2862

287.9

289.7

51.0

2903

287.6

56.3
-7.7
330.7
298.9
-1.0
32.8

3243
-1.7
30.0

65.1
-7.7
346.6
317.1
-.9
303

Rental income of persons
_»....»....
Capital consumption adjustment .........

64.1
-55.8

61.6
-54.7

53
60.2
-54.6

58.8
-54.5

-55.1

Corporate profits with inventory
valuation and capital consumption
adjustments —...„-..«....»....„..„..»„«..

311.6

2983

296*

306.6

300.7

288.9

2933

2853

298.8

167.1
130.3
36.8

299.3
133.1
166.1
133.0
332

318.5
139.1

304.1
1263

443
-19.8

40>
-13.8

57.5
-7.6

ental income of persons wi
consumption adjustment.

Corporate profits with inventory
valuation adjustment .......................
Profits before tax .........................
Profits tax liability .....„„.,..—..„„
Profits after tax ..«„.„.„„... .......
Dividends
.
„
....
Undistributed profits ...............

n

4,418.4 43503 4,4113 4,452^ 4,459.7 4,456.4 4,4982
3,180.4 32323 3276.9 3,286.9 32993 33353
3,079.0
2373.2 2,705.3 2,651.6 2.696.3 2,7342 2,738.9 2,742.8 2,773.6

286.1
307.7
135.1
172.6
123.5
49.1

Inventory valuation adjustment.......

4,117.7 4,1573 4,150.6 4,155.1 4,170.0 4,153.4 4,124.1 4,123.0

....

1U

I

n

I

1991

1990

1991

1990
I

1989

304.7
132.1
172J
133.9
38.7
-11.4

49.9
355.6
3293
-3.5
29.8

56.0
-7.4

43

59.1
-73
3652
3352

62

7;

Capital consumption adjustment.........

253

Net interest ...........«....«..„„„„..„„-«„..»

445.1

466.7

463.6

4662

4683

468.4

176.5

166.

167.0

173.4

161.6

395.3

393.

400.2

392.0

3953

8.1
-33
460.9

283.6
119.9
163.7
136.4
27.3
4.1
3

162.4

399.4

115.1
166.4

451.7

Addenda:
Corporate profits after tax with
inventory valuation and capital
consuliifJFuOfl scLiustiOdits _lli<IB>><TMWMtt

Net cash flow with inventory
valuation and capital
consumption adjustments .„„„..„.
Undistributed profits with
inventory valuation and capital
consumption adjustments ........
Capital consumption allowances
with capital consumption
adjustment..
Less: Inventory valuation
adjustment .........,.,„.„„,.
Equals: Net cash flow

53.0
346.4
-21.7
421.1

409.2

36.7
363.0
406.6

40.5

356.7

359.7

365.5

370.3

375.6

400.6

-19.8
411.8

-13.8
4092

401.

4093
31.6
377.9

SURVEY OF CURRENT BUSINESS

12

August 1991

Table 1.17.—Auto Output

Table 1.16.—Gross Domestic Product of Corporate Business in Current
Dollars and Gross Domestic Product of Nonflnancial Corporate Business
in Current and Constant Dollars

[Billions of dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates
1989

1990

1990

n

I

1989

1991
IV

III

I

1
Jillions of dollars
Gross domestic product or
corporate business
Capital consumption allowances with
capital consumption adjustment
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies...................
Domestic income
............
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.
Net interest .
......
Gross domestic product of
financial corporate business
Gross domestic product of
non financial corporate
business
„ ....................
Capital consumption allowances with
capita] consumption adjustment
Net domestic product ..............................
Indirect business tax and nontax
liability plus business transfer
payments less subsidies ...................
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 *** .....................
Dividends
„
Undistributed profits
Inventory valuation adjustment...
Capital consumption adjustment.
Net interest .......................................

3,086.4 3,198.6 3,1363 3206.0 32344 3217.6 3218.0 3253.6
346.4 363.0 356.7 359.7 365.5 3703 375.6 377.9
2,739.9 2,835.5 2,779.5 2,846.3 2,869.0 2,847.4 2,842.4 2,875.7
295.1 313.5 307.3 307.6 317.7 321.4 329.5 331.8
2,444.9 2,522.1 2,4723 2,538.7 2,551.3 2.526.0 2,512.9 2,543.9
2,058.1 2,140.5 2,090.1 2,1403 2,167.7 2,163.9 2,157.0 2,179.0
1.731.5 1,800.3 1,758.1 1,800.4 1.823.9 1,818.9 1,809.3 1,8283
326.7

3402

332.0

339.8

343.8

345.1

347.7

350.7

260.7
256.9
135.1
121.8
104.3
17.5
-21.7
25.5
126.0

241.4
247.8
132.1
115.7
114.8
.8
-11.4
4.9
1402

243.9
244.0
129.9
114.1
115.6
-1.4
-11.4
113
1383

257.6
250.3
133.1
1172
109.4
7.8
-.5
7.7
140.8

243.1
260.9
139.1
121.8
112.7
9.1
-19.8
2.0
140.5

220.8
236.0
126J
109.5
121.7
-122
-13.8
-1.4
1412

218.0
2133
115.1
982
113.2
-15.0
8.1
-3.5
137.9

228.3
224.0
119.9
104.1
111.5
-7.4
4.1
3
136.5

231.9

245.9

22&8

246.0

2553

253.6

261.1

......

126.5
131.1
139.8
96.1
43.7
24.8
54.0
-292
-35.5
10.4
45.9

1203
135.0
1453
102.6
42.7
22.3
50.0
-27.8
-34.6
10.9
45.5

128.9
133.8
140.2
97.6
42.6
24.2
52.2
-28.0
-32.4
11.4
43.8

1413
1333
139.8
952
44.6
28.9
59.6
-30.7
-37.0
102
47.2

115.6
1223
133.9
89.0
44.9
23.9
54.4
-30.5
-37.9
9.1
47.1

II

I
104.1
1112
123.1
77.3
45.8
22.9
53.1
-30.1
-37.0
9.3
46.3

107.4
117.4
119.0
77.4
41.5
28.3
58.7
-30.4
-31.3
10.4
41.8

1.6

1.9

1.9

1.7

1.6

2.4

2.2

1.5

2.4
1.6
.8

-1.5
-4.4
-2

-14.6
-14.6
0

-4.9
-3.8
-1.1

8.0
7.6
.5

-6.7
-6.7
0

-72
-6.4
-.7

-10.0
-11.6
1.6

1052
57.6

99.7
58.1

92.5
58.1

103.4
59.1

113.4
58.8

89.3
56.5

83.7
48.5

87.7
54.4

Addenda:
Domesticimported new autos2 1
Sales of output of new autos

1. Consists of final sales and change in business inventories of new autos assembled in the United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government purchases.

Table 1.18.—Auto Output in Constant Dollars
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
1989

2^60.0 2,979.1 2^64.1 2,956.9 2,986.0

2,854.5 2,952.7

317.8 331.6 326.1 329.1 333.4 338.0 342.7 344.8
2,536.7 2.621.0 2,5813 2,630.9 2,645.7 2,626.1 2,614.1 2,6412
272.9 289.7 283.9 2842 293.6 297.0 304.5 306.6
2,263.8 2,3313 2297.4 2.346.8 2,352.1 2,3292 2.309.6 2,334.6
1,902.3 1,983.4 1.9462 1,982.1 2,004.7 2,000.7 1,991.0 2,009.8
1,599.4 1.6672 1,6363 1,6662 1,685.6 1,680.6 1,668.9 1,6852
302.9

3163

310.0

315.9

319.1

3202

322.0

324.6

241.0
241.5
101.4
140.1
104.8
35.2
-21.7
212
120.5

219.5
229.1
96.3
132.8
117.7
152
-11.4
1.8
128.4

224.5
227.9
953
132.6
118.5
14.1
-11.4
8.1
126.6

235.8
2322
97.5
134.7
1123
22.4
-.5
4.1
128.9

218.8
239.1
1003
138.8
115.5
23.3
-19.8
-.6
128.6

199.1
2172
91.9
1253
124.3
1.0
-13.8
-43
129.3

192.4
190.8
78.4
112.4
115.6
-32
8.1
-6.5
1263

199.8
1992
822
116.9
113.7
32
4.1
-3.4
125.0

Auto output .
Final sales .
Persona] consumption expenditures ...
New autos
..............
Net purchases of used autos .....
Producers' durable equipment .....
New autos ........................................
Net purchases of used autos ...........
Net exports of goods and services ......
Exports .............................................
Imports .„
Government purchases of goods and
services ............................................

110.4

104.7

109.0
115.1
81.5
33.6
172

109.0 111.7
113.0 117.0
823
77.4
34.7
35.6
17.6
19.6
43.6 '•40.1
-23.9 -22.6
-252 -24.5
8.4
8.1
32,9
333

99.0

1073
110.8
113.8
78.8
35.0
19.1
422

1991

-23.8
-24.7
7.9
32.6

-43
42

85.1
47.1

79.5
46.8

-23.5
8.8
323

111.2
113.3
77.2
36.1
23.3
48.3
-25.0
-26.8
7.8
34.6

-25.1
-26.1
7.4
33.5

1.6

41.0

Change In business inventories or new
and used autos
New
Used
Addenda:
Domestic output of new autos' ..........
Sales of imported new autos1

1990

1990

1.5

1.4

-12.7

-12.7
0

-3.5
-2.5
-.9

72.9
46.6

82.7
47.7

83.9
912
98.0
60.4

863
93.7
93.9
60.1
33.8
20.5
45.6

2.0

-23.1

102.5
108.0
71.4
36.5
18.6
43.6

37.6

16.4
41.5
-25.0
-25.0
6.9
31.9

-25.1
-22.0
7.7

29.7

-7.1
-7.2
0

912

-7.4
-6.7
-.6

-7.4
-8.7
13

71.2
453

64.3
37.9

673
422

1. Consists of final sales and change in business inventories of new autos assembled in the United States.
1 Consists of personal consumption expenditures, producers* durable equipment, and government purchases.

Gross domestic product of
nnnfinanftat rfvwivtnit*

1313
128.9
141.4
99.7
41.6
20.3
50.1
-29.8
-34.4
10.0
44.5

IV

267.6

Billions of 1982 dollars

business

Auto output ...............................
Final sales
Personal consumption expenditures
New autos
Net purchases of used autos
PjOuucers durable eompment ............
New autos
Net purchases of used autos
Net exports of goods and services
Exports
...
....... -.«»....~..........
Imports !«........!"
Government purchases of goods and
services ...........................................
Change In business inventories of new
and used autos ................
New
Used

III

11

I

n

1991

1990

1990

2,503.0 2,506.5 2^503.8 2,519.6 2,514.4 2,4883 2yi46.9 2,448.9

Capital consumption allowances with
290.7 298.0 294.6 296.9 299.1 301.4 303,4 305.6
capital consumption adjustment..........
Net domestic product .............................. 2,2123 2208.5 22092 2222.7 22153 2,187.0 2,143.5 2.143.3
Indirect business tax and nontax
liability plus, business transfer
213.3 212.8 213.5 212.4 214.5 210.6 207.0 209.8
payments less subsidies
.„„.....
1,999.1 1.995.8 1,995.8 2,0102 2,000.8 1,9763 1,936.5 1,933.5
Domestic income




13

SURVEY OF CURRENT BUSINESS

August 1991

Table 1.19.—Truck Output

Table 1.20.—-Truck Output In Constant Dollars

[Billions of dollar]

[Billions of 1982 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates
1989

1991

1990

1990

1989

I
Truck output !

II

III

IV

I

n

63.4

60.8

69.6

64.6

58.7

48.1

62.0

68.6
32.8
36.5
-6.6
3.6
10.2

64.7
30.8
34.2
-5.5
3.9
9.4

67.4
32.7
35.0
-5.4
3.4
8.7

65.4
30.2
34.1
-5.3
4.3
9.5

65.2
32.1
35.2
-7.1
3.5
10.6

60.9
28.3
32.4
^t.2
4.5
8.7

56.9
25.2
29.8
-3.7
4.1
7.8

61.0
26.6
31.0
-2.7
5.4
8.1

Truck outputl .............

n

III

IV

n

I

565

5.8

5.3

5.2

6.4

5.1

4.4

5.6

6.0

-13

-6.6

42

-.6

-23

-&8

1.1

48.8

55.8

51.4

46.0

375

482

515
242
27.4
-43
3.1
75

54.0
25.9
282
^U
2.7
7.0

52,4
23.7
27.7
-4.2
3.5
7.7

51.9
252
283
-5.6
2.8
8.4

47.7
21.9
25.6
-3.2
3.5
6.8

44.1
19.1
23.4
-2.7
3.2
5.9

47.4
20.0
244
-1.9
4.2
6.2

4.7

42

4.2

5.2

4.1

3.5

4.4

4.8

.7

Change in business inventories ............

505

55.7
26.8
29.7
-5.4
2.9
83

Final sales
~.
................................
Personal consumption expenditures ....
Producers' durable equipment ............
Net exports of goods and services
Exports .............................................
Imports
Government purchases of goods and
services ............................................

1.0

Change in business inventories

1991

1990
I

69.6

Final sales
Personal consumption expenditures ....
Producers' durable equipment
Net exports of goods and services
Exports
Imports
Government purchases of goods and

1990

-1.0

-52

33

-5

-1.7

-6.6

.8

1. Includes new trucks only.

1. Includes new trucks only.

Table 2.1.—Personal Income and Its Disposition

Table 22.—Personal Consumption Expenditures by Major Type of Product

[Billions of dollars 1

(Billions of dollars]
ISeasonally adjusted at annual rates

1989

1990
I

Wage and salary disbursements
Commodity-producing industries ....
Distributive industries
Service industries
Government and government
enterprises

476.6

„

,,„„

505.7

511.3

518.1

529.8

534.9

252*

256.4

260.0

2632

2662

2692

402.5

404.0

401.7

397.9

4062

404.4

417.1

48.6
330.7

Rental income of persons with
capital consumption adjustment ..
Personal dividend income
Personal interest income
Transfer payments
,

497.1

258.1

379.3

„„,

508.0

241.9

Proprietors* income with inventory
valuation and capital
consumption adjustments

49.9
352.6

57.4
346.6

51.0
350.8

42.4
355.6

48.8
357.4

484
355.8

51.8
365.2

sa

1991

1990
III

2,573.2 2,705.3 2,651.6 2,696.3 2,7342 2,738.9 2,742* 2,773.9
720.6 729.3 724.6 731.1 735.3 726.0 713.0 715.9
541.8 546.8 541.2 548.1 551.8 546.1 536.7 5412
604.7 637.2 627.0 637.3 642.7 641.9 639.7 645.4
771.4 830.8 802.9 822.2 844.9 853.0 860.3 877.7

Other labor income

1990

n

I

4,384.3 4,645.5 4,562-8 46222 4,6785 4,7183 4,735.8 4,7863

Personal income

Nonfarm

IV

III

II

Seasonally adjusted at annual rates
1989

1991

1990

114.4
643.2
636.9

6.9
123.8
680.4
694.8

5J
120.5
670.5
680.9

43
122.9
678.0
686.7

8.4
124.9
685.3
696.4

93
126.7
687.9
715.1

5.6
126.7
682.0
7454

62
1254
674.7
759.0

325.3

350.7

347.2

347.6

351.1

356.8

372.1

376.9

14.7
17.3

18.2
17.9

16.3
17.9

17.3
17.9

182
17.9

20.9
17.9

242
18.0

27.6
18.7

90.1
189.5

96.9
211.1

96.1
203.4

96.0
207.8

96.9
212.3

98.6
220.9

105.0
226.1

103.4
232.4

Z".Z

18.0
171.6

19.8
191.3

19.1
1842

19.6
1882

19.9
192.4

20.5
200.4

21.1
205.0

212*

2262

222^

224.1

228.6

22SS

237.3

7095

716.6

714.6

474.6

4803

492,1

47&4

2155
171.4
87.8

213.0
176.4
90.9

221.
178.9
92.0

212.4
176.8
893

4823
214.7
176.4
912

4685

45S3

454.0

203.9
173.4
913

190.9
1742
902

1882
1764
893

1,130.0 1,193.7 1,174.7 1,179.0 1205.0 1216.0 1212.7 1222.9
616.4 6233
636.7 6433
629.8
5953
213.3 218.6
212.6 215.8
204.6
93.9
94.0 109.4
845
913
83.8
93.8
246.3 261.9 2582 258.6 265.4 265.6 268.7 269.7
17.7
19.6
17.7
163
17.4
17.7
19.3
184
228.7 243.4 2404 2412 245.7 2463 251.0 253.4

Nondurable goods..
Food .
Clothing and shoes .........
Gasoline and oil
Other nondurable goods .
Fuel ou* and coal
Other
Services1 .....

2,074.8 2,1142

1,9833 1,9213 1,9653

Housing.
Household operation ...«—
Electricity and gas ..
Other —
Transportatioi
Medical care
Other

2392

696.5

3,450.1 3*573 3588.1 3,622.7 3,693.4 3,724.9 3,742* 3,7912

Durable goods .....
Motor vehicles and pans
Furniture and household equipment ...
Other „„.

21.9
2104

Less: Personal contributions Tor
social insurance

Personal consumption
expenditures1

IV

5694
2113
96.4
115.0
136.6
483.4
5825

563.6
211.9
974
114.4
1352
475.8
578.9

5563
2052
924
112.7
1323
462.6
564.9

575.8
212.7
96.4
1163
137.4
4914
588.7

582.1
2154
99.1
116.4
1415
503.8
597.6

587.1
216.1
98.1
118.0
145.0
5152
611.4

592.5
221.4
1003
121.1
146.S
529.7
623.8

7164

Old-age, survivors, disability, and
health insurance benefits
uovemment unemployment
insurance benefits
Veterans benefits
Government employees retirement
benefits
Other transfer payments
Aid to families with dependent
children

Other

Less: Personal tax and nontax
payments ....
„

658*

Equals! Disposable personal income
Less; Personal outlays

.........

Personal consumption expenditures „..
Interest paid by consumers to
business
Persona] transfer payments to
foreigners (net)

699.4 675.1
3,725.5 3,946.1 3,887.7 3,925.7 3,969.1 4 , 0 0 0 4,021.3 4,069.9
3453.7 3,766.0 3,696.4 3,730.6 3,802.6 3,834.4 3*524 3,899.7
3,450.1 3,657.3 3,588.1 3.622.7 3.693.4 3,724.9 3,742.8 3,7912
1022

107.8

107.4

107.5

107.9

108.5

108.6

107.8

1.4

.9

.9

.4

1.3

1.0

12

.7

171*

Equals: Personal saving

180.1

191J

195.1

166.5

167.5

168.7

1702

Addenda:
Disposable personal income:
Total, billions of 1982 dollars
Per capita:
Current dollars ..........
1982 dollars
„—"...\
Population (mid-period, millions)...

2,869.0 2,893.5 2,900.9 2,90Z8 2,898.0 2,872.4 2,861.9 2,8793

Personal saving as percentage of
disposable personal income

14,973 15,695 15427 15,639 15,765 15.849 15,887 16,042
11.531 11,509 11,586 11,564 11,511 11376 11307 11349
248.8 251.4 250.4 251.0 251.8 2524 253.1 253.7
4.6

4.6

4.9

5.0

42

42

42

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.




42

2063
97.7
108.6
126.4
4343
5445

1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.

Table 23.—Personal Consumption Expenditures by Major Type of Product
in Constant Dollars
[Billion* of 1982 dollars]
Seasonally adjusted at annual rates
1989

1990

Per**
«mption
expenditures1

2*77.3 2 , 6 7 0 2*96* 2,673.6 2,663.7 2*82,1

Durable goods

428.0

427.4

437.6

181.4
175.0
71.6

Motor vehicles and parts .Furniture and household equipment .

177.7
1793
70.4

183.9
181.4
723

4295

180.0

179.6
179.7
702

415.6
169.4
1763
69.9

919.9

Food
Clothing and shoes .
Gasoline and oil ~ .
Other nondurable goods _..,
Fuel oil and coal
Other

91L1

915.6

9112

916.4

457.4
172.6
94.8
186.3
192
167.1

457.4
1742
962
187.7
18.6
169.1

459.3

459.4
174.4
94.4
188.3
21.0
1672

453.6
170.6
94.6
182.3
16.7
165.7

21.9

165.7

Services1

4023

401.6

157.2
177.6
68.2

1543
1805

4535
167.0

453.6
1713
95.0
183.1
183
164.9

9012

462.9
172.7
96.7
187.7

Nondurable goods..

Housing
Household operation
Electricity and gas „.„„..
Other
Transportation „,
Medical
Other

1991

1990

93.9
186.8
166.4

903.1

93.1
1835

17.6
165.9

1309.0 1343.1 13242 1 3 4 0 * 1350* 1356.7 1363.7 1377.4

..

-

372.1
167.6
84.1
83.4
96.9
286.1
386.4

377.1
167.8
81.4
863
100.3
3014
3965

3763
162.8
77.7
85.1
98.8
294.T
391.7

376.9

1685
82.4
86.0
99.7
2993
396.4

1. See the box on page 21 of the July 89 SURVEY OP CURRENT BUSINESS.

3772
170.1
82.7
87.4
100.9
304.6
398.0

378.1
169.6
82.8
86.8
102.0
3073
399.7

378.1
166.1
79.8
86.3
101.2
309.8
4085

3792
170.0
822
87.8
103.0
312.9
4123

SURVEY OF CURRENT BUSINESS

14

August 1991

Table 3-2.—Federal Government Receipts and Expenditures

Table 3.3.—.State and Local Government Receipts and Expenditures

[Billions of dollars]

(Billions of dollars]

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates
1989

I
Receipts

...

Personal tax and nontax receipts .
....
Income taxes
....
Estate and gift taxes
Nontaxes ..............................................
Corporate profits tax accruals
Federal Reserve banks
Other
..„
Indirect business tax and nontax
accruals
.............................
Excise taxes
Customs duties .........a*........**,..**.....«•...
Nontaxes
..
Contributions for social insurance ..........
Expenditures ..............................
Purchases of goods and services
.
National defense
Nondefcnse
............................
Transfer payments
To persons
To foreigners

....„„

Grants-in-aid to State and local
governments

............

II

1989

1991

1990

1990

III

IV

n

I

1,0519 1,109.7 1,080.6 1,105.8 1,125.9 1,126.5 1,134.5 1,139.0
464.0 492.8 473.6 492.1 500.0 505.5 501.3 499.5
453.1 479.1 462.1 474.3 487.0 4932 488.5 486.0
11.5
11.1
10.8
10.3
15.7
9.6
11.7
9.0
2.0
2.0
2.0
2.1
10
2.0
2.0
1.8
98.6
95.0
110.4 108.5 106.5 109.2 114.2 104.1
21.4
22.7
23.6
22.2
21.8
22.1
22.6
21.6
77.2
81.4
90.6
84.8
72.8
86.0
87.1
88.8
58.4
34.1
17.5
6.8

61.7
37.3
17J5
6.8

60.6
35.8
17.6
12

61.0
36.7
17.5
6,7

60.5
36.5
17.3
6.7

64.6
40.4
17.5
6.7

72.7
48.9
16.6
7.1

71.9
49.1
16.0
6.8

420.1 446.7 439.9 444.0 450.6 452.3 465.5 469.0
1,187.2 1275.7 I24fc8 1,271.7 1271.6 1310.8 1,261.4 1324.0
400.0 424.0 410.6 421.9 425.8 437.6 443.8 451.1
301.1 313.6 307.2 309.6 312.6 325.0 331.2 327.1
98.9 110.4 103.4 112.3 113 J 112.6 112.6 124.0
471.9 511.4 503.4 510.4 513.2 518.5 4622 510.0
458.6 496.8 490.3 491.4 496.1 509.3 534.3 541.8
9.2 -72.1 -31.8
17.0
13.4
18.9
13.1
14.6
143.7 - 151.0
194.3 196.5
215.9 218.7
176.8 180.4
38.3
39.1
22.2
21.5

...........

1182

131.4

Net interest paid
...............................
Interest paid *.*...................«....«••••.«**.*».*
To persons and business .................
T o foreigners ....................................

172.0
191.7
155.7
36.0
19.6

186.3
206.4
167.7
38.8

128.5
178.1
198.6
161.0
37.6

131.5
184.3
203.0
164.3
38.7

129.8
189.8
210.4
171.4
39.0

20.2

20.5

18.7

20.6

135.8
193.0
213,8
174.1
39.7
20.8

25.0
27.9

22.7
26.9

28.3
32.4

23.8
25.6

13.1
17.3

25.9
32.3

17.4
29.5

15.0
29.2

2.8

42
0

42
0

1.9
0

42

6.4
0

12.1

14.2
-.4

Less: Interest received by government
Subsidies less current surplus of
government enterprises .......................
Subsidies
Less: Current surplus of government
enterprises
.»......„..»..«......».
Less: Wage accruals less disbursements
Surplus or deficit (-), national
income and product accounts ..
Social insurance fuiuls **„..***«»«**•.•»•**+******cither
.......!!!!!!!
~

0

0

0

-134.3 -166.0 -1683 -166.0 -145.7 -1843 -126.9 -185.0
65.2
67.5
55.8
55.9
593
64.0
63.8
64.0
-198.1 -230.0 -227.5 -230.0 -213.2 -249.5 -182.8 -240.8

386.7
1852
153.7
47.8
61.4

388.7

393.5

183.7
156.0
48.9
62.1

185.8
158.5
49.2

135.8

143.7

791.8

797.8
697.7

104.0
81.3
16.2
23.3

105.0
83.0
16.5
23.9

108.0
84.7
16.7
24.9

378.6
181.4
150.1
47.2

3712

372.5

383.9

170.9
139.9
44.7

177.5
148.8
46.3

1842
151.4
48.2

56.7
1182

602
131.4

178.5
146.4
46.3
59.0

59.9
131.5

703.5
625.6

765.1
674.1

60.7
129.8
769.4

373.0
252.6
145.9

400.9
273.2

101.7
77.6
15.6
24.7
355.6

Net interest paid ....«
Interest paid
Less: Interest received by government

-40.2
59.1
99.3

Less: Dividends received by government
Subsidies less current surplus of
government enterprises „.,.,„„

9.1
-18.8
.7

Less: Current surplus of government

20.1

845.5
217.0
109.8
89.6
17.5
213

1062
83.8
16.6
23.6

Income taxes
Nontaxes
Other
™
Corporate profits tax accruals .................
Indirect business tax and nontax
accruals ...................

Expenditures

213.3
108.1
87.9
17.3

808.6
209.4

206.6

Purchases of goods and services ...........
Compensation of employees ...............
Other
Transfer payments to persons .................

827.8

211.1
107.8
86.3
17.0
22,4

204.4

800.5

194.8

Contributions for social insurance
Federal grants*in*aid .
....

817.5

7922

749.9

................................

IV

783.6
201.5

Receipts
Personal tax and nontax receipts

19J
0

128.5
7455
659.6
390.4
269.1

II

I

III

II

I

Sales taxes
Property taxes
Other

1991

1990

1990

753.6
664.6

677.0

397.5
267.1

404.5
272.6

160.6
-41.4

164.9
-41.8
63.6
105.3
102

62.8
151.0
806.7
701.8

6953
4112
284.0
169.7
-42.2
64.6
106.8

-42.6
65.6
1082

179.8
-43.1
66.6
109.7

105

10.8

11.0
-21.0

417.8
279.8
174.4

423.8
278.1

162.9
-41.6
63.0
104.6
10.1

156.5
-41.0
61.5
102.5

-20.3
.8

-19.8

-20.1
.8

-20.6
.8

-20.5
.8

-20.9

.8

.8

.8

21.0

20.6

20.9

21.3

21.3

21.7

21.7

0

0

0

0

0

0

0

25.7
70.4
^W.8

30.0

3&8

71.1
-41.0

71.6
-32.8

9.7

62.5
103.9
10.0

Less: Wage accruals less disbursements
Surplus or deficit (-), national
income and product accounts

46.4

35.4

38.1

38.6

Social insurance funds ............................
Other .

66.4
-19.9

69.4
-34.0

68.3
-30.2

69.1
-30.4

393
69.8
-30.5

Table 3.7B.—Government Purchases of Goods and Services by Type

Table 3.8B.—Government Purchases of Goods and Services by Type
in Constant Dollars

[Billions of dollars]

[Billions of 1982 dollars]

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates
1989

I
Government purchases of
goods and services .................
Federal

»

National defense ...................................
Durable goods
Nondurable goods
.
Services ............................................
Compensation of employees .......
Military
Civilian
Other services ........
........ ....
Structures
....
...............
Nondefense ......................................
Durable goods
Nondurable goods ......
™..,.Commodity Credit Corporation
inventory change
Other nondurable^ ......................
Services
..Compensation of employees .......
Other services ..............................
Structures ..........................................
State and local ...................................
Durable goods
..............................
Nondurable goods .»»..»»........»«»....«
Services .............
„..„„.
Compensation of employees
Other services
JCniCtUFf S

lll|)[

iim.mmnnimmpmlMi iprr




n

1989

1991

1990

1990

III

rv

I

n

1,025.6 1,098.1 1,070.1 1,086.4 1,102^ 1,1319 14413 1,152.9
400.0 424.0 410.6 421.9 425.8 437.6 443.8 451.1
301.1 313.6 3072 309.6 312.6 325.0 331.2 327.1
89.8
93.6
91.6
86.6
81.7
78.6
85.1
80.9
11.6
18.4
15.6
11.9
11.6
10.0
13.0
10.4
203.3 209.2 2123 209.6 207.5 207.3 218.9 220.7
119.0 124.4 123.5 124.0 1243 125.8 132.1 131.5
87.1
83.5
82.4
822
82.5
82.1
88.1
78.8
44.4
422
44.1
41.8
41.9
41.8
41.4
402
892
81.5
86.7
85.6
832
84.8
88.8
843
5.1
5.7
5.1
6.7
6.6
63
62
6.4
98.9 110.4 103.4 112.3 1132 112.6 112.6 124.0
62
6.0
5.7
5.8
5.4
5.6
53
5.7
U.4
4.8
3.7
72
5.6
0
4.4
1.4

1990

1990
I

Government purchases of
goods and services
Federal ....................

n

1991

ni

rv

II

I

798.1
334.9

820.8
343.7

807.9
333.0

820.2
345.9

822,7
346.0

8323
349.9

829.6
349.5

356.4

National defense ......
Durable goods
Nondurable goods ...........................
Services
Compensation of employees
Military .....
Civilian
„.
Other services „
Structures ......................................

256 3
81.5
13.1
156.7
89.6
59.8
29.9
67.1
5.0

258 7
84.5
14.7
154.7
89.1
59.5
29.6
65.6
4.7

2544
793
12.0
158.3
89.0
59.5
29.5
69.3
4.7

2565
81.5
14.7
155.2
88.8
592
29.6
66.4
5.1

2582

265.7
90J
18.4
152.4
89.7
60.1
29.6
627
4.3

267 5

261.5

78.7
5.9
12

85.0
63
3.9

78.6
6.1
-13

89.4
62
7.6

87.8

-4.7
5.9
65.8
36.9
28.9
5.8
4632

-1.8
5.7
63.1
38.5
29.6
6.7
477.1

-7.0
5.7
67.3
38.1
292
65

1.1
65
68.9
39.4
29.5
6.7

475.0

4743

476.7

262
483
329.7
257.0
72.7
59.0

27.7
49.1
335.8
262.1
73.7
64.4

272
48.9
333.9
260.4
73.5
64.9

27.6
49.0
335.2
261.7
73.6
62.5

336.5
262.7
73.8
63.0

-5.3
6.7
85.1
495
35.6
7.0
6254

-2.4
6.8
91.9
54.1
37.8
83
674.1

-6.8
6.8
89.9
53.1
36.8
8.1
659.6

-1.9
7.5
92.8
552
37.6
83
664.6

.4
6.8
92.1
54.1
38.1
8.1
677.0

-1.4
6.2
92.9
54.1
38.8
8.9
6953

-1.5
52
943
56.3
37.9
8.9
697.7

4.8
6.6
95.9
56.8
39.1
10.5
701.8

Nondefense ............. ... .»
Durable goods ..............................
Nondurable goods
Commodity Credit Corporation
inventory change .......
....
Other nondurables ..................
Services ....................»
Compensation of employees
Other services
Structures
State and local
..—
„

30.5
49.9
472.4
373.0
99.4
72.9

33.0
53.9
506.6
400.9
105.7
80.5

32.1
523
4942
390.4
103.8
81.0

32.7
51.5
502.3
397.5
104.8
78.0

33.4
54.1
510.6
404.5
106.1
78.9

33.9
57.9
519.4
4112
108.1
84.1

34.5
54.5
5283
417.8
110.5
80.3

34.7
532
535.1
423.8
111.4
78.8

Durable goods
„Nondurable goods
Services „....„................„......„„.,„„„..„
Compensation of employees ill"!™
Other services
Structures ........... »„....„„........„„„..

86.*6
13.8
152.9
89.0
59.3
29,6

640
4.9
63
7.0
13
5.7
68.0
38.4
29.6

65
27.9

492

835.8

Z9.9

Y15

I3J

156.2
90.6
61.0
29.6

156.5
89.6

656

668
3.8

842
6.6
2.4

82.0

94.9

6.6
1.3

12.1

-2.5
5.0
63.1
33.1
29.9
7.1
4S2.4

-1.5

28.2
49.4
337.7
263.6
74.0
672

i&

600
29.7

6.3

2.9

6.8
53

67.0
38.1
29.0

67.7
38.1
29.6

7.1

82

480.1

479.4

283

28.4
49.6
3392
264.9

49.5
333.6
264.4

742
63.7

743
622

15

SURVEY OF CURRENT BUSINESS

August 1991

Table 3.9.—National Defense Purchases of Goods and Services

Table 3.10.—National Defense Purchases of Goods and Services in Constant
Dollars

[Billions of dollars]

[Billions of 1932 dollars]
Seasonally adjusted at annual rates

1989

Seasonally adjusted at annual rates
1989

1991

1990

1990

1990

National defense purchases

301.1
80.9
71.6
26.6
13.0
9.9
3.6
6.4
12.2
9.3

Durable goods
Military equipment
Aircraft
Missiles
Ships
Vehicles..!
'. LL,
Electronic equipment
Other
Other durable goods
Nondurable goods

307.2

85.1
75.8
26.6
15.1
10.8
3.6
6.1
13.5
9.4

4.3
3.5
2.7

Services
Compensation of employees
Military
Civilian
Other services
Contractual research and
development
Installation support' .....ir.
Weapons support23
Personnel support
Transportation of materiel
Travel of persons
Other

2033

119.0
78.8
40.2
84.3
31.1
25.0
8.8
11.5
3.8
4.2
-.1

Military facilities
Other

70.1
24.7
14.7
10.0
3.3
7.0
10.4
8.6

86.6
77.3
25.8
15.8
10.2
3.8
6.1
15.5
9.4

93.6
82.7
30.8
15.7
12.3
3.5
5.7
14.7
10.9

91.6
79.0
25.3
17.4
10.5
3.3
6.3
16.2
12.7

89.8
78.5
26.5
15.1
10.5
3.8
6.9
15.8
11.2

11.9
5.3
3.9
2.7

15.6

11.6

4.5
3.3
2.3
212.3
123.5
82.1
41.4
88.8

11.6
5.2
3.9
2.5
209.6
124.0
82.2
41.8
85.6

18.4

6.4
4.0
2.5
209.2
124.4
82.5
41.8
84.8

10.8
4.9
2.7

7.3
4.9
3.4

4.0
4.3
3.3

207.5
124.3
82.4
41.9
83.2

207.3

125.8
83.5
42.2
81.5

132.1
88.1
44.1
86.7

131.5
87.1
44.4
89.2

33.3
20.7
8.2

33.9
24.6
9.1
12.2
4.3
4.6
.2

34.2
21.6
8.7
11.6
4.4
4.7
.4

33.2
19.6
7.7
11.6
5.7
5.2
0

31.8
17.0
7.3
11.7
7.3
6.0
.3

30.9
20.6
8.7
12.4
7.5
6.2

32.6
19.8
9.0
14.3
7.3
6.1
0

62

6.7

6.6

5.7

5.1

5.1

3.7
2.5

4.0
2.7

3.9
2.6

3.0
2.7

2.5
2.6

2.6
2.5

10.0

10.4

Petroleum products
Ammunition
Other nondurable goods ...

78.6

309.6
81.7
73.0
25.2
14.2
10.6
3.8
5.8
13.4
8.7

11.8
5.4
5.1
.2
63
3.7
2.6

1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors
to operate installations.
2. Includes depot maintenance and contractual services for weapons systems, other than research and development.
3. Includes compensation of foreign personnel, consulting, training, and education.

National defense purchases
Durable goods
Military equipment
Aircraft
Missiles
!.:
Ships
Vehicles

Nondurable goods
Petroleum products
/ V m m u m t i o n ...........••.......«.......••«.•••......

Other nondurable goods
Services
........„....,.„.....,„
.
Compensation of employees ...............
Military
.
Civilian
Other services
......................
Contractual research and
development.«
....
Installation support*
Weapons support*3
Personnel support .......
Transportation of materiel
Travel of persons
Other
.
„...
Structures ..........
........
Military facilities
Other „..„

LI

258.7
84.5
72.1
26.3
16.3
8.4
3.9
5.5
11.5
12.5
14.7

24.9
18.8
12
8.2
4.1
3.9
-.1
5.0
3.1
1.5

Electronic equipment ,.**•»*•**+*»+*+***.—
Other
Other durable goods

256J
81.5
69.6
26.8
14.5
7.9
3.9
5.8
10.6
11.9
13.1
7.4
3.5
2.2
156.7
89.6
59.8
29.9
67.1

8.5
4.2
2.0
154.7
89.1
59.5
29.6
65.6

1991

11

254.4
79.3
67.8
25.1
15.9
7.9
3.7
63
8.9
11.6
12.0
6.9
3.3
1.8
1583

III

rv

256.5
81.5

I

2582
86.6
74.1
26.1
17.0
8.0
42
5.5
13.3
12.5
13.8
7.4
4.2
22
152.9
89.0
59.3
29.6
64.0

265.7
90.7

267.5
89.9

76.8
28.8
17.2
9.5
3.7
5.1
12.5
14.0
18.4

73.3
23.7
18.9
8.1
3.3
5.6
13.6
16.6
17.5
9.2
5.6
2.7
156.2

87.8
72.6
24.5
16.8
8.0
3.9
6.1
13.2
15.2
13.5
6.6
4.3
2.6
1563

90.6
61.0
29.6
65.6

89.6
60.0
29.7
66.8

24.3
12.4
5.7
7.9
7.2
5.0
2
43

23.3
14.7
6.8
83
12
5.2
.2
3.8

24.2
14.1
6.9
9.5
7.1
5.1
0
3.8

22
2.1

1.8
2.0

1.8
1.9

69.7
25.3
15.3
8.3
4.1
5.2
11.5
11.8
14.7
8.7
4.0
2.0
155.2

89.0
59.5
29.5
69.3

88.8
59.2
29.6
66.4

25.9
15.1
6.5
8.0
5.5
4.4
.2
4.7

26.7
18.0
7.3
8.6
4.6
4.0
2
4.7

26.8
15.7
6.9
8.0
4.6
4.1
5.1

25.6
14.1
6.1
7.7
5.8
4.5
0
4.9

2.7
2.0

2.8
1.9

3.0
2.1

2.9
2.0

11.1
5.2
2.1
152.4
89.7
60.1
29.6
62.7

II

I

261.5

1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors
to operate installations.
2. Includes depot maintenance and contractual services for weapons systems.
3. Includes compensation of foreign personnel, consulting, training, and education.

Table 4.2.—Exports and Imports of Goods and Services in Constant
Dollars

Table 4.1,—Foreign Transactions in the National Income and Product
Accounts

[Billions of 1982 dollars]

[Billions of dollars]

Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1989

1990

Receipts from foreignersl

IV

I

II
Exports of goods and services1 ...........

5933

63L5

Merchandise3
Durable goods* ............................
Nondurable goods
„
Services' ....„„....„„.....
Factor3income 3 4 ...........
Other

390.8
268.9
121.9
202.6
105.1
97.5

423.9
296.2
127.7

n

III

IV

628.1
422.4
292.8
129.6

620.1

630.5

6472

418.4
293.4
125.0

421.0
2963
124.6

433.8
302.3
131.4

201.7
97.4
1043
664.7

209.5
103.2
106.4
677.0

I

n
654.9

213.4
106.2
1072

648.0
441.4
303.8
137.6
206.7
1053
101.4

.

Transfer payments (net)
From persons (net)
From government (net)
Interest paid by government to
....

659.7

672.7

697.4

694.5

700.4

661.3
394.2
258.9
135.3
267.1
134.7
132.4

659.7
395.0
263.2
131.8
264.7
130.5
134.2

672.7
393.5
262.0
131.4
279.3
139.6
139.7

697.4
409.1
266.1
143.0
288 3
144.8
143.5

694.5
410 7
263.0
147.7
283 8
145.6
138.3

700.4
424 3
284.9
139.4
276 1
131.4
144.7

Imports of goods and services6

647.4

6653

205.7
101.9
103.9
6633

6695

0
6613

0
659.7

0
672.7

0
697.4

0
694.5

0
700.4

Merchandise3 2
„..„
Durable goods
„..„..
Nondurable goods ._

4993
302.9
196.4

517.0
3133
203.7

517.8
308.5
209.3

515.2
310.2
205.0

526.5
317.5
209.0

656.0
508.4
317.0
191.5

641.0

0
672.8

501.7
309.7
192.1

704.0
502.7
3U-6
191.1
201.3
95.7
105.6

691.3
497.8
306.8
191.0
193.5
93.1
100.4

684.6
484.1
307.6
176.5
200.5
98.9
101.6

714.1
508.1
316.5
191.6
206.0
96.7
109.2

726.2
520.9
315.4
205.5
205.3
94.0
111.2

681.0
484.9
302.4
182^
196.1
90.8
1053

685.5
487.1
302.0
185.1
198.5
89.1
109.4

Services*
Factor income 3 .
Other'

148.2
74.9
732

148.3
70.3
78.0

145.6
69 JS
76.1

149.4
72.9
76.5

150.5
70.6
79.9

147.6
68.1
79.5

139.2
64.8
74.5

530.1
320.5
209.6
139.4
62.7
76.7

15.5
.9
14.6

14.0
.9
13.1

19.4
.4
18.9

183
1.3
17.0

10.2
1.0
9.2

-70.9
U
-72.1

-31.1
.7
-31.8

36.0

Payments to Foreigners6

6613

672.8
397.9
262.5
135.4
274.9
137.4
137.4

14.8
1.4
13.4

.

672.8

626.2
369.9
240.8
129.2
256.3
135.2
121.0

672.3
480.9
309.6
171.3
191.4
97.7
93.8

,
...

Capital grants received by the United
States (net)

Net foreign investment

III

. I

0
626.2

2

Imports of goods and services6
Merchandise3
Durable goods*
Nondurable goods
Services6
Factor income3
Other7
„

II

1991

1990

1990

626.2

Exports of goods and services'
Durable goods
Nondurable goods
Services1
Factor3 income 3 4
Other

1991

1990
I

1989

38.8

39.0

383

-S2.9

-98.7

39.7
-78.7

39.1

-85.5

37.6
-81.6

38.7

-96.8

45.3

7.7

1. See footnote 5 and the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.

2. Estimates beginning with the first quarter of 1986 exclude repairs and alterations of equipment, which
was ^classified to "other" services..
3. Line 7 less line 16 equals rest-of-thc-world product as shown in table 1.7.
4. Estimates beginning with the first quarter of 1986 exclude noninterest income of banks, which was reclassified to "other" services.
5. Estimates beginning with the first quarter of 1986 cover many business, professional, and technical services and incorporate improved measurement of telecommunications services and insurance services; incorporate
new source data on travel and passenger fares; cover foreign students' expenditures in the United States; cover
repairs and alterations of equipment; and cover noninterest income of banks.
6. Sec footnote 7 and the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.

7. Estimates beginning with the first quarter of 1986 cover many business, professional, and technical services and incorporate improved measurement of telecommunications services and insurance services; incorporate
new source data on travel and passenger fares; cover U.S. students* expenditures abroad; cover repairs and
alterations of equipment.




....

...

207.6
102.2
105.4

455.2
323.9
1312
199.8
93.9
105.9

1. See footnote 5 and the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.

2. Estimates beginning with the first quarter of 1986 exclude repairs and alterations of equipment, which
was rcclassified to "other" services.
3. line 6 less line 13 equals rest-of-the-worid product as shown in table 1.8.
4. Estimates beginning with the first quarter of 1986 exclude noninterest income of banks, which was rcclassified © "other" services.
5. Estimates beginning with the first quarter of 19S6 cover many business* professional, and technical services and incorporate improved measurement of telecommunications services and insurance services; incorporate
new source data on travel and passenger fares; cover foreign students* expenditures in the United States; cover
repairs and alterations of equipment; and cover noninterest income of banks.
6. See footnote 7 and the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.

7. Estimates beginning with the first quarter of 1986 cover many business, professional, and technical services and incorporate improved measurement of telecommunications services and insurance services; incorporate
new source data on travel and passenger fares; cover U.S. students' expenditures abroad; cover repairs and
alterations of equipment.

SURVEY OF CURRENT BUSINESS

16

August 1991

Table 43.—Merchandise Exports and Imports by Type of Product and
by End-Use Category

Table 4.4.—Merchandise Exports and Imports by Type of Product and
by End-Use Category in Constant Dollars

[Billions of dollars)

[Billions of 1982 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates
1989

n

I
369,9

Merchandise exports • *
Foods, feeds, and beverages
„
Industrial supplies and materials
Durable goods ............i.........................
Nondurable goods
Capital goods, except autos
«..
Autos
Consumer goods
......
Durable goods
..........
Nondurable goods
..
Other1 2
.7.
„
"
Durable goods 1 *
......
Nondurable goods 3 ..„„..„.
1

n

I

IV

III

397.9

394.2

395.0

393.5

409.1

410.7

35.4
102.4
36.0
66.4
153.5
36.3
43.0
23.1
19.9
27.4
13.7
13.7

38.9
100.5
35.6
64.8
1519
34.7
40.7
22.3
18.4

36.8
97.8
35.0
62.7
1542
38.5
42.0
22.5
19.5
25.7
12.9
12.9

33.6
100.0
35.8
64.2
151.8
36.1
43.7
24.1
19.5
28.3
14.2
14.2

32.5
111.1
37.4
73.7
155.1
35.9
45.7
23.3
22.4
28.8
14.4
14.4

36.3
110.2
36.0
74.2
155.0
32.9
45.7
23.9
21.9
30.5
15.3
15.3

Merchandise exports

4243

36.6
96.0

I

342

343
61.7
138.0
34.7
35.4
19.1
16.3
29.3
14.6
14.6

26^

13.3
13.3

693

169.7
39.1

443

23.5
20.8
30.1
15.1
15.1

...

480.9

502.7

497.8

484.1

508.1

520.9

484.9

26.5

27.8

26.8

25.5

26.0

25.5

27.9

78.3
42.3
36.0
50.9
113.1
86.0
102.8
55.8
47.0
24.7
12.4
12.4

76.8
38.5
38.3
62.3
117.2
86.2
105.0
55.3
49.7
28.7
14.4
14.4

76.6
38.9
37.7

77.1
38.5
38.6
62.8
116.7
90.4
1062
56.1
50.1
29.4
14.7
14.7

76.8
37.9
38.9
75.3
121.0
85.6
107.1
56.4
50.7
29.2
14.6
14.6

73.3

115.7
83.9
103.4
54.3
49,1
28.1
14.0
14.0

76.7
38.6
38.1
48.7
115.6
84.9
103.3
54.4
49.0
28.1
14.0
14.0

38.1
56.1
120.0
81.6
100.7
51.7
49.0
27.7
13.8
13.8

74.2
34.8
39.4
54.8
121.9
78.4
100J

41.5
328.5
430.0

40.4
357.6
440.4

43.8
350.4
435.4

41.3
353.7
435.5

38.9
354.5
4453

37.4
371.7
445.6

39.3
371.3
428.8

Merchandise imports

487.1

25.1

Merchandise imports

614

352

29.3
14.6
14.6

rv

1

n

423.9

422.4

418.4

421.0

433.8

441.4

4552

40.1

36.9

972

952

32.8
59.4
176.4
28.9
30.9
17.6
13.4
26.5
13.3
13.3

36.6
97.7
34.6
63.1
198.8
29.6
36.6
20.9
15.7
24.4
12.2
12.2

34.7
102.6
35.8
66.8
203.6
29.2

38.1
103.4
34.0
69.4
208.8

34.7
1033
36.1

383

37.9

117

16.7
26.9
13.4
13.4

4993

517.0

508.4

501.7

530.1

922

1

20.4
14.8
23.9
12.0
12.0

203
15.5
23.0
11.5
11.5

34.9
95.9
34.2
61.7
198.1
29.4
37.3
22.0
15.4
25.3
12.7
12.7

S17.8

5152

526.5

34.4
62.8
197.6
28.4

352

34.1
61.1
196.1
31.4
35.8

21.0

172

25.4
12.7

263

213

672
223.1
31.0
36.6
20.5
16.1
26.5

132
132

23.9

24.8

26.4

25.6

23.5

23.7

23.6

24.9

72.3

72.5
37.1
35.4
95.5
156.4

722

723

37.0

73.0
36.8

343

352

362

72.6
36.6
36.0

96.9
1543
79.8
44.0
35.7
23.1
11.5
11.5

100.9
156.1
66.8
82.2
45.8
36.4
24.0
12.0
12.0

70.7
34.0
36.7
100.8
177.0
55.5
77.5

102

81.1
44.8
36.3
23.4
11.7
11.7

100.8
1533
61.8
80.4
44.0
36.3
23.0
11.5
11.5

68.2
34.0
34.2
87.8
165.8
57.7
76.6
41.1
35.5
22.1
11.0
11.0

39.6
3512
405.5

40.1
383.8
421.5

43.4
379.0
417.1

39.9
378.5
4183

38.6
382.4
425.5

39.5
401.9
414.0

36.5
418.7
4293

392
33.1
93.8
143.7
63.8
81.5
46.1
35.4
20.4
10.2

633

37.9

633

833
161.7
61.6
81.9

453
36.6
23.6
11.8
11.8

422
353
23.6
11.8
11.8

Addenda;

Addenda:
Exports of agricultural products4
Exports of rionagricultural products .„
Imports of nonpetiuleum products .....

III

35.8

Foods, feeds, and beverages
„..
Industrial supplies and materials,
excluding petroleum
Durable goods
.........
Nondurable goods ...............................
Petroleum and products
Capital goods, except autos
Autos
.................
Consumer goods
Durable goods
Nondurable goods
Otherl
„
Durable goods' 3 '.
Nondurable goods 3
.

522
483

n

390.8

Foods, feeds, and beverages ...................
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except autos ....................
Autos ...........,.,....«..u..u..t...»..»......»»......
Consumer foods •*...*.»......*.*••••.*...............
Durable goods
Nondurable goods
Other' 2
...
Durable goods * 3
Nondurable goods 3

106.9
37.6

Foods, feeds, and beverages .„
Industrial supplies and materials.
excluding petroleum
Durable goods
Nondurable goods .......
...................
Petroleum And products ._....„......_..........
Capital goods, except autos
„
Autos
«
Consumer goods .....................
»«
Durable goods
„„
.«
Nondurable goodT"
Z
Otherl
Durable goods 1 3
....
Nondurable goods'
........_...,.

1 2

1991

1990

1990

1989

1991

1990

1990

Exports of agricultural products* .......
Exports of nonagricultural products ...
Imports of nonpetroleum products

37.6
386.7
4322

383
395.5
425.1

1. Estimates beginning with the first quarter of 1986 exclude repairs and alterations of equipment, which
was reclassified to services other than factor income.
2. Beginning with 1987, reexports—that is, exports of foreign merchandise—are assigned to end*use categories in the same manner as exports of domestic merchandise. For earlier periods, all reexports are included
in the "other" categories.
3. Because no data are available to distribute exports and imports of "other" merchandise between durable
and nondurable goods prior to 1986, or to distribute imports of "other" merchandise for all time periods,
estimates were distributed equally.
4. Includes pans of line 2 and line 5.

1. Estimates beginning with the first quarter of 1986 exclude repairs and alterations of equipment, which
was reclassified to services other than factor income.
2. Beginning with 1987, reexports—that is, exports of foreign merchandise—are assigned to end-use categories in the same manner as exports of domestic merchandise. For earlier periods, all reexports are included
in the "other" categories.
3. Because no data are available to distribute exports and imports of "other" merchandise between durable
and nondurable goods prior to 1986, or to distribute imports of "other" merchandise for all time periods,
estimates were distributed equally.
4. Includes parts of line 2 and line 5.

description
NOTE.—Beginning with 1985. the definitions of the end-use categories have been changed. For a descri
of the new definitions, see the technical notes in "U.S. International Transactions, First Quarter 1988," SUR?88,"
VEY OF CURREW BUSINESS 68 (June 1988): 34-39 and 57.

NOTE.—Beginning with 1985, the definitions of the end-use categories have been changed. For a description
of the new definitions, see the technical notes in "U.S. International Transactions, First Quarter 1988," SURVEY OF CURRENT BUSINESS 68 (June 1988): 34-39 and 57.




Table 5.1.—Gross Saving and Investment
[Billions of dollars]
Seasonally adjusted at annual rates
1989

11

I

III

691.5

Gross saving
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 —
VJOYCI liHreiu SUrpiUs OT adlCU y—h
national income and product
accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Federal ....
„
State and local .....................................
Capital grants received by the United
States (net)
.. .
.
Gross investment

6573

664.8

6793

66S.9

7793
171.8

787.9
180.1

795.0
191.3

806,7
195.1

7722
166.5

53.0
49.1
-21.7
25.5

32.2
38.7
-11.4

36.7
36.8
-11.4

40.5

26.5
44.3
-19.8

4.9

113

332
-.5
7.7

346.4

363.0

356.7

208.0

212.6

210.3

0

0

0

IV

II

I

6192

697.1

651.0

777.8
167.5

793.9
168.7

7972
1702

252

33.6
29.0

31.6
27.3

2.0

40.4
-13.8
-1.4

8.1
-33

4.1
3

359.7

365.5

3703

375.6

377.9

211.4

213.8

214.8

216.0

217.5

0

0

0

0

0

-87.8 -130.6 - 1 3 0 2 - 1 2 7 3 - 1 0 6 4 -158.6 -96.8 -146.2
-134.3 -166.0 - 1 6 8 3 -166.0 -145.7 -184.3 -126.9 -185.0
35.4
38.1
38.6
46.4
25.7
30.0
38.8
393

0

0

0

0

0

0

0

0

674.4

Gross private domestic investment.........
Net foreign investment „...
Statistical discrepancy

1991

1990

1990

.

655J6

665.6

676.1

661.0

619,6

7053

664.5

7712
-96.8

741.0
-853

7472
-81.6

759.0
-82.9

759.7
^98.7

6983
-78.7

660.0
45.3

656.8

-17.0

-1.7

.7

-32

-4.9

A

82

13.5

7.7

17

SURVEY OF CURRENT BUSINESS

August 1991

Table 5.8.—Change in Business Inventories by Industry

Table 5.9.—Change in Business Inventories by Industry in Constant
Dollars

[Billions of dollars]

[Billions of 1982 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates
1991

1990

1990

1989

II

I

III

-its

13.4

9.0

5.3
-17.0
-1.3
-15.7
.3
-3.4
3.6
-.4
1.9
-2.2

.5
13.0
14.1
-1.1
-3.5
-4.9
1.4
3.2
.1
3.1

2.2
6.8
53.9
-47.0
5.4
3.4
2.0

-2.6
2.1
-4.7
2.3
-.2
2.5

1.9
0
1.9
1.3
.2
1.1

1.1
6.1
-5.0

Retail trade
Durable goods
Automotive
Other
,
Nondurable goods

-.8
-.1
-.6
8.1
22
2.8
-.6
5.9

1.8
2.6
-.8
.4
-.4
.8
-7.9
-7.5
-8.1
.6
-.4

-30.8
-24.6
-26.9
2.4
-6.2

92
6.5
3.4
3.1
2.7

.7
-.4
1.1
.8
3.0
3.8
-.9
-2.1

Other
Durable goods
Nondurable goods .

7.9
1.8
6.2

3.0
-1.4
4.3

13.9
4.5
9.4

4.1
-1.7
5.8

-1.2
-2.3
1.1

Change in business inventories
Farm
Nonfarai
Change in book value
Inventory valuation adjustmentl ....
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
„
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods .•,,..„„....„...„..

2&3
5.0
23.3
51.9
-28.6
5.0
5.3
-.4
2.3
2.6
-.3
3.1
2.8

Nonmerchant wholesalers
Durable goods ......
Nondurable goods

-5.0
2.4
-7.4
16.0
-23.4
-4.6
-4.4
-2
2.2
22
-.1

1.8
5.7
-3.9

IV

1989

n

I

-30.8 -34.2 -33.5
-4.8
2.9
1.5
-32.4 -37.1 -28.7
-2.5 -52.2 -36.7
-29.8
8.0
15.1
-20.7
-3.5 -15.6
-12.8 -10.1 -19.2
-7.9
3.6
6.5
2.4 -13.6
4.0
2.9 -18.0
1.2
2.9
4.3
-.5
6.7
5.1 -131
2.2
3.8 -16.1
4.6
2.8
1.2
-2.7
-.4
-2.6
-.9
-1.0
-1.9
-1.7
-1.7
1.5
-10.8 -29.7
-14.8 -25.7
-U
-12.6 -21.3
-1.6
-2.2
.5
-4.3
4.0
1.0
-4.1
-4.9
-6.0
1.1

-63
-9A
3.1

.7
-15
32

I
Change in business inventories
Farm
Nonfarm
Manufacturing .........
Durable goods ...
Nondurable goods .... .... „
Wholesale trade ..... „ „
Durable goods ...
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
....
Nonmerchant wholesalers
......
Durable goods
- „
Nondurable goods ..

23.8
5.0
18.7
3.8
42
-.4
1.3
2.3
-1.0
2.5
2.4
0
-12

-to

Retail trade
—
Durable goods .......
«
Automotive ....
Other
Nondurable goods
..

6.9
1.9
2.4
-5
5.0

Other
;
Durable goods ..............................
Nondurable goods ........... „

6.8
53

II

-3.6
1.5
-5.1
-3.9
-3.9
0
2.4
1.9
.5

-12
6.0

9.5
-2.1
11.6

1.6
22
-.6
.8
-3
1.1

-1.1
2.1
-32

12
-2
1.4

3.1
-.1
32
-6.6 -25.6
-6.3 -20.5
-6.7 -22.6
2.1
J5
-5.1
-.3

1.7
2
1.5
7.6
5.4
2.8
2.6
22

13.7
3.8
9.9

3.7
-1.4
5.1

3.0
-12
4.1

1991

1990

1990

-82
1.7
-2.9
4.7
2.0
2.0

III

-2.6
-4.3
1.7
2.9
0
2.9

IV

4.7

-26.4

0

2.1
-283
-18.3
-11.3
-7.0
32
.7
2.6
5.8
1.6
42

4.7
3.7
2.9
.8
1.5
4.9
-3.4
.6
5.4
-4.8
.9
-.5
1.4

n

I
-25.0
3.1
-28.1
-13
-8.4
7.1
3.0
2.8
2
S.0
3.6
25

-27.7
-6.1
-21.6
-11.3
-16.6
5.3
-10.8
-15.0
42
-11.5
-13.1
1.7
.7
-1.9
16

-2.5
-.9
-1.6

-3.0
-.7
-2.3
-24.7
-21.3
-17.6
-3.7
-3.4

0
-.8
-1.3

-ts

-9.3
-12.4
-10.4
-2.0
3.1

-1.3
-1.9
.6

-4.1
-5.0
.9

-5.0
-7.8
2.8

.4
-2.0
15

.8
2.4
3.2

.9

1. The inventory valuation adjustment (IVA) shown in this table differs from the IVA that adjusts business
incomes. The IVA in this fable reflects the mix of methods (first-in, first-our, last-in, first-out; etc.) underlying
book value inventories derived primarily from Census Bureau statistics. This mix differs from that underlying
business income derived primarily from Internal Revenue Service statistics.

Table 5.10.—Inventories and Final Sales of Business by Industry

Table 5.11.—Inventories and Final Sales of Business by Industry in
Constant Dollars

[Billions of dollars]

[Billions of 1982 dollars]
Seasonally adjusted quarterly totals

I
Inventories1

„

Farm
Nonfarm .. . .....
„
......
• Durable goods
Nondurable goods
Manufacturing
Durable goods
Nondurable goods ....
.............. .......
Wholesale trade
„
Durable goods
...........................
Nondurable goods .............
........„„...!
Merchant wholesalers ..
Durable goods ....... ......................
..........«_„,.
Nondurable goods
Nonmerchant wholesalers
Durable goods ....«....,
„„...
Nondurable goods
......-......,._„„
Retail trade .
..................
Durable goods
......!.„....
Automotive
............
Other
„
!!....
Nondurable goods
.......„,....„„.....
Other.......

...

II

Seasonally adjusted quarterly totals

in

IV

I

II

1,049.4 1/W9.3 1,070.1 1,061.1 1,0462 1,042.9
79.4
80.8
76.1
79.4
77.3
79.1
970.0 970.2 992.8 985.0 966.8 962.1
563.3 562.0 567.6 559.9 549.4 5452
406.7 4082 4252 425.1 417.4 416.9
382.5 377.8 390.2 383.5 377.5 375.1
255.4 252.5 255.3 251.6 248.5 247.3
127.1 125.4 134.8 131.9 128.9 127.8
2273 2282 2332 234.0 233.4 229.4
147.0 147.1 1492 150.0 151.0 147.3
822
82.4
84.1
84.0
80.4
81.1
199.2
130.4
68.8

2002
130.7
69J

203.0
132.9
70.1

28.1
16.5
11.6

28.0
16.4
11.6

302
16.3
13.9

231.6
113.8
56.1
57.6
117.8

234.5
115.6
57.2
58.5
118.9

237.0
116.9
58.5
58.4
120.1

205.0
133.9
71.1
29.1
16.1
13.0
235.4
113.8
55.7
58.0
121.6

206.1
1352
71.0

2022
131.8
70.5

27.3
15.8
11.5
2283
107.5
50.4
57.1
120.8

272
15.5
11.7
229.7
103.3
50.4
57.9
121.4

128.6

129.6

132.5

132.1

127.6

127.8

."ZZ....Z

380.3
2163

3833
2163

3*7.5
218.0

3902
217.9

391.1
215.7

395.9
217.1

Inventories to final sales .......
...........
„„.. „ .
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and structures

2.76
155
4.48

2.74
253
4.49

2.76
2.56
4.55

2.72
2.52
4.52

2.67
247
4.48

2.63
2.43
4.43

Final sales 2
„
Final sales or goods and structures2
Ratio of Inventories to final sales

Inventories1 .
Farm .
Nonfarm .
Durable goods .
Nondurable goods .
Manufacturing .....
Durable goods .
Nondurable goods .....
Wholesale trade .,
Durable goods .....
Nondurable goods „..,
Merchant wholesalers .
Durable goods
Nondurable goods .
Nonmerchant wholesalers .,
Durable goods
Nondurable goods .
Retail trade
...
Durable goods .
Automotive .........
Other
Nondurable goods .
Other.,
Final sales 2 .
Final sales of goods and structures2 ...

911.0
70J
838.1
4783
359.8
334.0
219.0
115.0
1942
123.6
70.6
168.4
109.5
58.9
25.8
14.0
11.7

70.0
841.0
4782
362.8
333.4
217.9
115.5
194.9
123.6
71.4
168.7
109.5
59.3
262
14.1
111
194.8
97.8
47.9
49.9
97.0

9111
70.0
8412
4803
361.9

905.9

8914

70.9

71.3

835.1
4733
361.8
329.7
215.8
113.9

828.0
464.6
363.4

195.3
124.8
70.5
168.9
110.8
58.1
26.4
14.0
114

196.1
125.0

196.8
125.7

59.1
25.8
13.7
110

1111
59.7
25.0
13.6
11.5

1917
953
46.1
49.:
97.4

186.5
89.9
41.7
48.3
96.5

334.3
218.6
115.7

329.4
213.7
115.7

69.7
8216
456.0
366.7
326.6
209.5
117.0
194.1
12L9
712
169.0
103.8
60.1
252
13.1
111

117.0

117.9

195.0
98.4
48.7
49.7
96.6
117.6

116.6

1153

115.4

29&5
184.1

298.1
1818

298*
1832

299.4
1833

296.5
179.7

2972
179.1

3.04
181
4.55

3.06
2.82
4.60

3.05
182
4.60

3.03
2.79
4.56

3.03
179
4.61

3.00
2.77
4.59

192.9
96.4
472
492
96.5

186.5
89.7
41.4
48.4
96.8

Ratio of inventories to final sales

1. Inventories are as of the end of the quarter. The quarter-to-quartcr change in inventories calculated from
current-dollar inventories in this 90blc is not the current- dollar change in business inventories (CBI) component
of GNP. The former is the difference between two inventory stocks, each valued at their respective end-ofquarter 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 90bIe are at quarterly rates, whereas CBI is stated at annual
rates.
2. Quarterly totals at monthly rates. Business final sales equals final sales less gross product of households
and institutions, government, and rest of the world, and includes a small amount of final sales by farms.




1991

1990

1991

1990

Inventories to final sales .,
Nonfarm inventories to final sales
.
Nonfarm inventories to final sales of goods and structures

1. Inventories are as of the end of the quarter. Quarter-to-quarter changes calculated from this table are at
quarterly rates, whereas the constant-dollar change in business inventories component of GNP is stated at annual rates.
2. Quarterly totals at monthly rates. Business final sales equals final sales less gross product of households
and institutions, government, and rest of the world, and includes a small amount of final sales by farms.

SURVEY OF CURRENT-BUSINESS

18

August 1991

Table 5.12.—Fixed Investment by Type

Table 5.13.—Fixed Investment by Type in Constant Dollars

[Billions of dollars]

[Billions of 1982 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates
1989

1990

Fixed Investment

147.0

758.9
523.1
14&8

745.6
516-5
147.2

750.7
532.8
149*8

Structures
„
Nonresidential buildings,
excluding farm
Public utilities
...
Mining exploration, shafts, and
wells
„
Other
Producers' durable equipment .
Information processing and
related equipment
Industrial equipment
Transportation and related
equipment
Other
Residential
Single-family structures
Multifamity structures
Other
„

139.5

103.5
25.8

104.9
25.4

104.6
25.8

106.1
25.9

98.3
25.9

95.6
26.1

90.9
26.2

11.5
6.2

524.1

104.3
25.7

Nonresidential .

11.1
5.1

Fixed investment
Nonresidential

6903
497.1
134.9

746.1

742.9
511.9
146.2

694.1
503.6

6.1

12.4
6.1

377.1

3743

10.9
5.9
3693

3S3.0

12.0
6.0
381.9

11.9
5.9
364.1

116.0
93.1

120.2
92.4

120.4
95.1

118.6
90.6

119.1
91.3

122.8
92.6

120.8
88.4

121.1
84.3

76.2
80.4

83.2
81.2
222.0
111.0
20.1
90.9

77.9
80.9
235.9
122.6
20.8
92.4

79.4
80.7
229.1
115.1
20.9
93.1

91.7
80.8
217.9
107.4
19.6
90.9

84.0
82.4

80.4
74.5
190.5
87.6
17.7
85.2

82.3
74.4
193.2
89.2
15.7
88.3

231.0

116.7
23.3
90.9

205.2
99.1
19.1
87.0

„

Structures
Nonresidential buildings,
excluding f a r m . . . . . . . .
Public utilities
Mining exploration, shafts, and
wells ...„„
Other

362.2

11.7

n

I

II

III

v

Producers1 durable equipment ....
Information processing and
related equipment
Industrial equipment
.
Transportation and related
Residential
Single-family structures .
Multifamily structures
Other

„

Private industries
Agriculture, forestry, and fisheries .
Mining
Construction
....
Manufacturing
..^.......*..«
Durable goods
Nondurable goods
Transportation and public utilities ..
Transportation
Communication
Electric, gas, and sanitary
services

1990

Wholesale trade
Retail trade
......
Finance, insurance, and real estate .
Services
Government and government
enterprises
Rest of the world
„

„.




90.9

247.4
360.1
613.8
883.0

261.7
377.1
647.5
963.4

606.0
37.6

648.4
41.7

6473
494.5

6913
508.4

120.9

123.8

120.9

6923
5193
122.4

116.4

113.7

109.6

81.2
21.3

78.6
20.6

80.2
20.5

79.7
20.7

80.2
20.7

74.1
20.5

71.9
20.5

68.2
20.5

15.7
4.1
383.7

16.9
4.8

18.2
4.9
390.8

15.8
4.7

16.5
5.0

394.6

387.5

397.0

17.0
4.8
403.1

16.6
4.7
383.1

385.0

179.0
74.9

191.3
71.4

188.4
74.4

188.1
70.6

187.9
70.3

200.9
70.3

196.8
66.0

200.7
62.9

63.8
66.1
187.0
93.5
18.7
74.8

67.3
64.6
176.8
87.6
15.9
73.4

63.3
64.7
1883
96.9
16.4
75.0

64.4
64.5
182.8
91.1
16.6
75.2

74.5
64.2
173.0
84.2
15.4
73.4

67.0
64.9
1633
78.2
15.1
70.0

623
58.0
151.8
69.3
14.0
68.5

63.5
57.8
152.8
70.5
12.4
70.0

15.9
5.0

[Billions of dollars]

II

1989

III

IV

I

256.5
372.4
630.6
929.6

91.7
260.4
381.5
643.6
952.5

93.3
263.7
377.2
658.5
979.4

I

634.4
41.6

645.0
3U

652.0
42.9

93.9

266.0 263.6
377.3 381.3
657.3 651.9
992.2 1,002.5
662.0
50.8

678J
54.8

II

III

IV

I

II

II
Corporate profits with inventory
valuation and capital consumption
adjustments

92.1

1991

1990

1990

1991

4228J5 4,445.8 4371.0 4/135.4 4,4833 4,493.8 4,4923 4,529.9
4490.9 4,404.1 43293 4,403.8 4,440.4 4,443.0 4,437.4 4,487.5
3484.9 3,755.7 3,694.9 3,758.8 3,7883 3,781.0 3,758,9 3,803.0
101.0 103.4 111.0 104.5
96.0 102.1 102.1
36.4
45.8 :;::::::::::
48.0
40.4
39.3
42.2
412
225.1 225.1 232.1 227.7 225.0 215.6 206.2
803.8 806.5 800.6 819.8 814.7 791.0 773.7
465.6 461.5 464.8 4 7 U 464.5 445.4 430.6
338.2 345.0 335.8 348.4 350.1 345.6 343.1
3142 328.8 322.8 328.3 332.7 331.5 331.8 : . ™
136.6 144.0 140.8 144.8 145.8 144.7 142.8
87.4
94.6
93.5
91.1
95.1
91.9
92.8
92.0

648.6
496.8

702.9
514.6

nual rates
Seasonally adjusted at an

1990

90.2

682J
519.4

6923
515.4

Seasonally adjusted at annual rates

National income without
capital consumption
adjustment
:
Domestic industries
...»

IV

693.1
506.1
122.4

[Billions of dollars]

I

n

I

III

Table 6.18B.—Corporate Profits by Industry

Table 6.3B.—National Income Without Capital Consumption Adjustment
by Industry

1989

1991

1990

1990

z~.\
684.5
414

Domestic industries
Financial
Nonfinancial

311.6 2983 296.8 306.6 300.7 288.9 286.2 287.9
260.7 241.4 243.9 257.6 243.1 220.8 218.0 2283
19.7 21.8 19.3 21.8 243 21.7 25.6 28.5
241.0 219.5 224.5 235.8 218.8 199.1 192.4 199.8
50.9 56.9 52.9 48.9 57.6 68.0 682 59.6

„

Rest of the world
Corporate profits with inventory
valuation adjustment
Domestic industries

286.1 2933 285.5 29S.8 298.7 2903 289.7 287.6
2352 236.4 232.6 249.9 241.1 2223 221.4 228.0
15.4 18.7 16.1 18.2 21.7 18.8 22.5 24.8
20.7 21.5 20.8 21.1 22.6 21.7 21.2 20.4
-5.2 -2.8 -4.7 -2.9
-.8 -2.9
4.4
1.3

-

Financial ....„
Federal Reserve banks
Other
Nonfinancial ........................................................
Manufacturing
„„„
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment
Motor vehicles and equipment
Nondurable goods
Food and kindred products
Chemicals and allied products
Petroleum and coal products
Other
.„
Transportation and public utilities
Wholesale and retail trade
Other
„ „..-........!!!
Rest of the world

„..

219.8 217.7 216.5 231.7 219.3 203.4 198.9 2032
96.1 88.8 90.1 100.8 912 73.1 67.1
37.1 31.1 37.4 39.5 302 17.2 12.1
4.9
4.0
6.2
3.6
2.4
5.4
1.4
6.4
4.9
6.7
4.8
2.4
6.0
2.0 ::::::::::
7.3
6.7
4.7
6.3
5.2
7.9
5.8
8.6
6.8
7.4
6.6
4.3
7.8
5.9
-1.9 -7.0 -7.2 -4.3 -5.4 -11.2 -14.2
13.9 15.6 17.4 167 14.3 14 1 11 3

23.1
43.6
38.7
41.4

57.7
142
21.3
4.3
17.9

52.7
10.9
21.9
1.0
18.9

61.3
15.3
22.7
3.7
19.6

60.9
15.7
22.1
3.7
19.4

55.8
14.8
18.6
8.7
13.8

55.0
17.1
16.2
10.5
11.1

41.6
41.5
45.9

41.5
392
45.7

41.9
44.4
44.6

42.8
39.5
45.9

402
42.8
47.4

41.9
462
43.7

50.9

56.9

52.9

48.9

57.6

68.0

682

59.0
14.0
21.7

1:
:::
59.6

19

SURVEY OF CURRENT BUSINESS

August 1991

Table 7.1.—Fixed-Weighted Price Indexes for Gross National Product,
1982 Weights
[Index numbers, 1982=100]

Table 7.2.—Fixed-Weighted Price Indexes for Gross National Product
by Major Type of Product, 1982 Weights
[Index numbers, 1982=100]

Seasonally adjusted
1989

I
Gross national product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
..
*

Seasonally adjusted
1991

1990

1990
II

III

IV

I

1989
II

I

1293 1354 133.3 134.6 136.0 1373 1393 1403
131.6 138.4 136.1 137.1 139.1 141.5 142.6 1433

~

114.3 116.8 116.4 116.5 116.7 117.4 118.7 119.2
123.9 132.3 129.7 130.3 132.8 136.4 136.6 137.1
141.7 148.4 145.7 147.3 149.3 151.1 153.0 154.3

,

Gross private domestic Investment .„

..........
115.0
112.6
110.3
114.1
123.3

Fixed investment
Nonresidential
Structures
Producers' durable equipment

118.1
116.0
112.6
118.2
125.5

117.3
115.0
111.6
117.2
125 1

U7.6
115.5
11X2
117.6
125.2

118.4
116.2
113.0
118.2
126.0

119.2
117.3
113.6
119.7
125 8

120.1
118.5
114.3
121.3
125 7

120.5
118.7
114.7
121.3
126.6

Change in business inventories .........
Net exports of goods and services
114.4 117.4 115.9 116.7 117.6 119.0 120.0 120.4
109.5 113.9 112.3 110.0 113.6 120.1 116.4 114.5

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

.......

III

IV

II

I

1293 1354 1333 134.6 136.0 1373 1393 1403
129.3 135.2 133.2 134.4 135.8 137.4 139.1 140.1

Final sales
Change in business inventories
„..

119.9 125.8 123.9 125.1 126.1 127.7 129.2 130.0

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

119.7 125.5 123.7 124.8 125.9 1273 128.9 129.7

Goods

Durable goods .
.... ..............................
Final sales
™
Change in business inventories

110.8 114.2 113.4 113.9 114.2 115.1 116.4 117.1
110.9 114.2 113.5 113.9 114.3 115.1 116.3 117.0

Nondurable goods
Final sales .
Change in business inventories

126.0 133.6 130.9 1323 134.1 136.3 137.8 138.7
125.8 133.3 130.7 132.2 133.8 136.0 137.5 138.3

Services

„

.„ .-..

143.0 146.6 144.1 145.7 147.4 149.2 1513 152.8
1173 1193 118.9 119.2 119.9 120.2 120.6 1213

122.4
121.8
123.9
136.7

127.3
127.1
127.6
143.3

125.8
125.6
126.6
140.8

126.5
126.0
127.6
142.1

127.5
127.2
128.0
144.0

129.2
129.6
128.3
146.3

131.5
131.7
131.2
147.4

131.6
131.5
131.9
148.6

129.3
129.2
97.8
136.4

135.2
137.1
106.4
142.7

133.2
135.8
102.3
140.3

134.4
136.1
100.6
141.9

135.8
1373
105.5
143.6

137.4
139.2
117.0
145.1

139.1
141.3
109.4
147.1

Table 73.—Fixed-Weighted Price Indexes for Relation of Gross National
Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers, 1982 We ights
[Index numbers. 1982=100]

140.1
143.0
105.2
148.4

Seasonally adjusted
1989

1990

1991

1990
I

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.




II

130.6 1363 134.4 1353 137.0 139.0 140.7 141.4

Addenda:
final sales
Personal consumption expenditures, food
Personal consumption expenditures, energy
Other personal consumption expenditures

Gross national product ...........................

1991

1990

1990

II

III

IV

I

II

Gross national product

1293 135.4 1333 134.6 136.0 1373 1393 1403

Less; Exports of goods and services .....................
Plus: Imports of goods and services ........................

114.4 117.4 115.9 116.7 117.6 119.0 120.0 120.4
1093 113.9 112.3 110.0 113.6 120.1 116.4 114.5

Less: Change in business inventories

129.1 135.2 133.1 134.1 135.7 137.8 139.1 139.9

Equals: Final sales to domestic purchasers3 ...»
129.0 135.0 132.9 133.9 1353 137.6 138.9 139.7
1. Purchases in the United States of goods and services wherever produced.
2. Final sales in the United States of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

SURVEY OF CURRENT BUSINESS

20

August 1991

Table 7 J.—Implicit Price Deflators for the Relation of Gross National
Product, Net National Product, and National Income

Table 7.4.—Implicit Price Deflators for Gross National Product
[Index numbers, 1982-100]

[Index numbers, 1982-100]
Seasonally adjusted
Seasonally adjusted

1991

1990

1990

ni

1989

iv

I
13L5

Gross national product

131.0

134.0 135.2

129.9

Personal consumption expenditures.

129.5

110.9
122.8
141.0

Fixed investment
Nonresidemial ....
Structures
..
Producers' durable equipment
Residential
„.,
Change in business inventories
Net exports of goods and services
Exports

112.1
129.4

107.8
101.7
121.6
95.6
125.5

108.0
101.6
120.2
95.8
125.3

107.9
95.3
125.3

105.5
103.8

Gross private domestic investment .

112.4 112.5
131.0 128.3
147.7 145.1

107.2
101.2
119.5
95.3
123.5

Durable goods
Nondurable goods ....
Services .......

106.5 105.3
105.8 104.2

137.0 139.3

1413

Federal
„
National defense
Nondefense
State and local

112.3 112.7
131.5 134.9

,.

132.5

150.4

135.2 135.4
153.5

108.4 106.8
102.6 100.9 101.4 100.5
122.1 122.7
94.7 95.0
126.0 125.7 125.5 126.5

119.4
117.5
125.8
135.1

123.3 123.3
121.2 120,8
129.8 131.5
141.3 138.9

Equals: Net national product

.....

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

110.6 110.9

111.0

111.3

128.6 134,4

1322

133.9 1353

1363

1382 140.0

111.0

132.0 141.8

136.8

139.6

145.4

145.6 153.4 154.0

127.1

128.6

129.8

130.4

131.9 1333

131.7 1333

1343

135.4

136.7 138.6

129.0

1283 133.7

120.7
125.6
140.1

Table 7.8.—Implicit Price Deflators for Command-Basis Gross National
Product
[Index numbers, 1982-100]

123.0 125.1
126.6
121.1 122.3 123.8 125.1
133.8 137.3 130.7
142.0 144.1 145.3

Gross national pr

1263 1315 129.5 131.0 1322

ict .

Less: Net exports of goods and services
Exports
u

1263 1315 129.5 131.0

.

Final sales
„
Change in business inventories

„..
......

.

Final sales
..................................
....
Change in business inventories .......................
Durable goods
......:
Final sales
Change in business inventories ...... ............

132.2 133.1

134.8

126.3 131.5 129.7

131.0

1322

133.0 134.8

136.1

1133 117.2 115.6 117.2

118.0

117.8 U8£

1203

117.8

117.8

119.1

120.3

99.9 100.8 100.6 101.2
99.7 101.0 101.0 101.2

101.3
101.1

100.1 99.9
100.6 100.8

101.2
101.8

116.2

Nondurable goods
Final sales
„
, ................
Change in business inventories
Services
.

135.5 135.4 136.8 139.0
135.0 135.5 137.4 139.3
..........
139.4 146.1 143.6 145.2 146.9 148.6 150.7 152.1

Structures

122.6 124.7

126.5 133.7
126.6 133.9

130.8 133.3
131.9 1333

124.0 124.6

125.2 124.9 125.2

126.1

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

Table 7.6.—Implicit Price Deflators for Gross National Product by Sector
[Index numbers, 1982=100]
I3U

129.5 131.0 1322

133.1 134.8 1362

1263

13U

129.5 131.0 1322

133.1 134.8 1362

Business .......
.........
... .......... ..
Nonfarm ,.„..
....................................
Nonfarm less housing ...
Housing ,
... „
Farm
...........................................
Statistical discrepancy

124.2
124.4
122JS
145.3
112.4
124.2

129.0
129.3
127.1
151.9
116.5
129.0

127.1
1273
125.3
148.8
120.5
127.1

128.6
128.8
126.8
150.6
119.1
128.6

129.8 130.4 131.9 133.3
130.1 130.9 132.3 133.6
127.9 128.6 130.1 131.4
153.6 154.7 155.6 156.8
116.1 110.3 113.2 120.1
129.8 130.4 131.9 133.3

Households and institutions
Private households .„......„
Nonprofit institutions

..................

139.3
107.4
141.5

145.5 142.5 144.2
110.9 108.5 109.9
147.8 144.9 146.6

146.3 148.6 150.6 1523
111.7 113.5 114.9 116.0
148.6 151.0 153.0 154.7

. ........................
—.....,.,...............,........•..«..

1412
133.3
145.1

148.7 146.3 147.9 149.4 151.0 1543 155.9
139.9 139.0 139.8 140.0 140.7 146.5 147.4
153.0 149.9 151.9 154.0 156.0 158.0 160.0

128.7

134.4 1322

Gross domestic product

.......

Rest or the world

1223




106.2 102.4
106.3 102.4

126.0 1313 1293 130.4 132.0 133.6

134.6 1353

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

Table 7.9.—Fixed-Weighted Price Indexes for Personal Consumption
Expenditures by Major Type of Product, 1982 Weights
[Index numbers, 1982-100]
131.6 138.4 136.1 137.1 139.1 141.5 142.6 143.5

Personal consumption expenditures ...

1143 116.8 116.4 116.5 116.7 117.4 118.7 1192

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

.........

118.7 120.1 120.2 119.6 119.7 120.7 122.6 123.2
104.9 106.6 106.3 106.4 106.7 106.9 1073 107.4
123.5 130.3 128.4 130.4 130.8 131.7 133.3 134.4

««..

123.9 1323 129.7 1303 132.8 136.4 136.6 137.1

Nondurable goods

Food
«. ..........
....
Clothing and shoes ......
.«
„......„
Gasoline and oil
.. ....... ..
........ ..
Other nondurable goods
Fuel oil and coal
Other „.„.....„..„..»...
.

...

..

...

Housing
„
Household operation
Electricity and gas
Transportation
Medical care
Other
."..."...

.
-..

.....„«..«»..,...»....
!....

137.1
123.6
99.0
145.6
97.7
152.0

135.8
1223
90.5
142.1
95.6
1483

136.1
124.2
90.0
143.2
85.5
150.8

137.5
123.8
99.7
146.3
93.7
153.4

1392
124.0
115.6
150.8
116.1
155.4

141.3
127.8
100.9
151.8
100.8
158.4

143.0
127.7
96.1
152.5
89.4
160.7

141.7 148.4 145.7 1473 1493 151.1 153.0
142.9 150.4 147.2 148.9 152.1 153.3 154.7
122.6 124.9 125.0 124.7 123.9 126.0 128.7
115.7 117.6 118.4 117.3 115.7 119.0 1224
129.7 132.4 131.8 132.3 13X3 133.2 135.6
131.9 137.7 135.2 136.8 138.0 140.7 145.4
153.4 162.5 158.9 161.1 163.7 166.4 168.8
143.5 149.7 147.1 148.9 150.7 152.2 153.2

1543
155.6
1283
120.3
136.9
144.9
171.9
154.9

[Index numbers, 1982=100]
Exports of goods and services ._......„........»..„„„.

..........

Services
...,..........„„..„......„„.,
Factor income ................................ ..........
Other
!.
!!....

..........

129.2
118.5
86.8
135.5
80.4
142.9

Table 7.14.—Fixed-Weighted Price Indexes for Exports and Imports of
Goods and Services, 1982 Weights

Merchandise
Durable goods
.........................
Nondurable goods ......................... .......„„„

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

110.7
110.7

103.8 105.8 1042 103.0 105.5
103.8 105.8 104.2 103.0 105.5

Command-basis exports .
Imports ....

133.9 1353 1363 1383 140.0

Addendum:
Gross domestic business product less housing ..

134.7

1302

125 X 131.1

Plus: Command-basis net exports of goods and

Services
1263

......................

106.9
106.3 102.4

133.5

1362

117.1

113.2 117-2

133.1 134.8

105.5 106.5 1053 106.4 106.7 107.8
103.8 105.8 1042 103.0 105.5 110.7

Equals: Command-basis gross national product

Government
-.
Federal
State and Iocs!

110.6

107.8
110.7

[Index numbers, 1982=100]

Gross national product •*

133.1 134.8 1362

131.0 1322

109.6 110.8

1242

Statistical discrepancy

Equals: Gross domestic purchases

„

II

I

136.1

106.7

Table 7.5.—Implicit Price Deflators for Gross National Product by Major
Type of Product

„

IV

1263 131.5 129.5

Gross national product
Less: Capital consumption allowances with capital
consumption adjustment

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

Goods

HI

~

Government purchases of goods and services ...

Gross national product

tl

136.2

103.0

133.8 132.5

132.2

1991

1990

1990

Imports of goods and services ........

„

....

Merchandise ..,..„„.
........«......„..„„..-«..„......
Durable goods ................. ,.™,
Nondurable goods .......»_.........,„..
Services
........ .....
Factor income ..„
Other
..

114.4 117.4 115.9 116.7 117.6 119.0 120.0
106.2 1073 106.4 106.8 107.0 108.5 108.6
107.0 109.3 108.5 109.0 109.4 110.0 110.9
1052 104.6 103.4 104.3 103.9 106.5 105.5
126.1 132.0 129.6 131.0 132.9 134.3 136.5
129.5 135.3 133.0 134.7 1362 137.1 139.1
120.1 126.1 123.6 124.5 126.9 1293 132.0
1093 113.9 1123 110.0 113.6 120.1 1164
103.1 106.2 105.1 101.7 105.5 113.6
120.0 121.0 120.4 120.0 120.7 122.5
85.1 91.3 89.5 83.5 89.9 104.3
129.6 136.4 133.6 134.7 137.6 139.5
128.7 134.4 132.2 133.9 135.4 1363
130.4 137.9 134.6 135.3 139.4 142.0

120.4
108.5
111.4
104.6
137.6
140.7
132.1
114.5

108.0 104.8
123.9 122.6
91.7 86.6
141.2 143.0
138.3 139.9
143.5 145.5

21

SURVEY Of CURRENT BUSINESS

August 1991

Table 7.15.—Fixed-Weighted Price Indexes for Merchandise Exports and
Imports by Type of Product and by End-Use Category, 1982 Weights

Table 7.16.—Fixed-Weighted Price Indexes for Government Purchases
of Goods and Services by Type, 1982 Weights

[Index numbers, 1982-100]

[Index numbers, 1982-100]
Seasonally adjusted

Seasonally adjusted
1989

I
Merchandise exports
Foods, feeds, and beverages
........
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except autos
Autos
Consumer goods
Durable goods
Nondurable goods .
Other
Durable goods ........................
Nondurable goods
« .
Merchandise Imports ...

.....
.....

Foods* feeds, and beverages
Industrial supplies and materials, excluding
petroleum
.....
Durable goods
Nondurable goods
Petroleum and products ..............
.....
Capital goods, except autos ..
Autos
».«.. „*. .„,.
Consumer goods ......
~
Durable goods
Nondurable goods
Other
„
.........
Durable goods
Nondurable goods
,

m

II

1989

1991

1990

1990

106.2
102.0
104.0
104.5
103.8
104.7
120.1
116.1
108.6
121.9
106.1
103.8
108.4
103.1

107.3 106.4 106.8 107.0
96.7 97.0 99.6 96.3
104.8 103.3 102.7 104.2
104.0 103.7 102.8 104.8
105.2 103.2 102.7 104.0
107.7 106.9 107.5 107.7
122.5 121.9 122.5 122.6
119.5 117.8 119.3 119.4
110.3 109.4 111.1 110.0
126.8 124.5 125.8 126.7
107.7 106.6 107.5 107.6
105.4 104.2 105.2 105.3
110.1 108.9 109.9 109.9
106.2 105.1 101.7 105.5

108.1
107.6
108.6
54.3
116.3
134.7
126.0
121.2
132.8
121.3
121 3
12L3

105.8
103.6
108.1
65.2
119.0
136.1
129.0
123.4
137.1
122.6
122.6
122*6

108.5
93.8
108.7
104.5
U0.3
108.4
123.0
121.4
110.7
129.8
109.2
106.8
111.5
113.6
105.0 106.8 105.0 104.6 108.5 109.4

108.6
95.4
106.7
106.0
106.9
109.0
125.1
122.9
112.3
1312
109.1
106.7
111.5
108.0

105.6
103.3
107.9
90.4
121.2
139.0
130.2
124.4
138.4
124.1
124 1
I24!l

107.3
1032
111.4
63.9
122.5
141.4
130.8
125.7
138.0
125.4
125.4
125^4

106.5
103.2
109.8
61.9
118.1
135.9
128.2
123.2
135.2
121.9
121.9
12U9

105.9
103.7
108.0
50.2
118.0
134.2
129.1
123.4
137.1
121.7
121.7
121.7

105.5
104.3
106.7
62.2
119.1
135.4
128.7
122.5
137.6
122.6
1226
122^6

108.5
98.6
103.4
104.3
103.1
109.9
125.8
122.8
114.4
129.5
109.6
1072
111.9
104.8
1082 112.0
104.5
101.5
107.4
54.4
120.9
141.4
129.1
123.7
136.8
123.9
123.9
123.9

Table 7.17.—Fixed-Weighted Price Indexes for National Defense Purchases
of Goods and Services, 1982 Weights
[Index numbers, 1982-100]

Government purchases of goods and
services .,
Federal
National defense ..................
Durable goods .„......».,.... .
Nondurable goods ...........
Services
........
Compensation of employees „ „ „
Military ....
........
Civilian ....„„........„.„ „„„ •„ „ „ .......
Other services.............
„ „..
....
Structures .............................. „.. „ .......
Nondefense ........................... . „ „
Durable goods
Nondurable goods
Commodity Credit Corporation inventory
change .......
^
Other nondur&blcs ....
..
Services
- .
Compensation of employees ... *.«.»
Other services
Structures ....
State and local ......
Durable goods .
Nondurable goods
Services
Compensation of employees ........
Other services .....
Structures ................

I
National defense purchases
Durable goods ........................................................
Military equipment .............................................

Missiles !!"!!"!!"!!"!!!!!!!!""»r..."!"l!!!!!.!!!."."!!!!!.
Ships ....!.!
Vehicles

!..„

...

'.

„

iiicctroflic couiDTncxit „„„.!, s * * * * *
****^
Other ......_....... M
Z

Other durable goods
Nondurable goods

..............................

Services

..,.......—.......„..„„..„„„

Compensation of employees ...............................
Military „
Civilian ...........
Other services
Contractual research and development .."!""".*
Installation support'
Weapons support2 ..„„.„...„.„ .„„„„ ........
f c r s o n n c l s u p p o i ^ *»****»«+*•»****•••**»«•««»»»*•••***•>•«+«
Transportation of materiel
„.,..„

Travel of persons .........

Other . . J l

.-..„....„„...

1

^

Structures ................................ ....-....„..„..„„„„..„
Military facilities
......
..........
Other
_. ............„"..

m

121.8 127.1 125.6 126.0 1272
110.9 111.4 111.0 110.6 H U
1122 112.4 111.9 112.0 112.3
106.9 106.1 105.9 105.8 105.2
115.3 111.8 112.3 1112 112.5
131.7 134.4 133.1 133.7 135.1
91.1 94.1 92.3 93.9 94.8
111.1 111.7 111.7 111.6 1U.7
115.4 118.2 117.0 117.9 118.3
105.4 106.8 107.1 104.3 106.9
76.0

Petroleum products
........
Ammunition
Other nondurable goods .......................................

II

87.5

80.9

792

59.7 75.7 65.9 63.5
102.3 102.7 103.5 103.4
119.0 122.9 121.9 121.7
130.7 1372 135.8 136.6
132.8 139.6 138.8 139.6
131.9 138.7 138.0 138.8
134.6 141.4 140.4 1412
126.6 132.6 129.9 130.8
124.7 128.9 126.9 127.8
133.2 139.3 136.3 137.1
122.0 1262 124.8 125.8
163.3 178.6 171.6 173.0
91.4 95.8 93.8 94.0
110.3 119.1 1162 117.5

IV

I

121.8
110.9
76.0
130.7
132.8
131.9
134.6
126.6
128.9

125.6
111.4 111.0
87.5 80.9
135.8
139.6 138.8
138.7 138.0
140.4
132.6 129.9

117.4
103.7
143.8
145.3
137.2
123.3

1272
111.3 112.6
104.2
137.6 138.8
139.7 1402
138.8 139.0
142.6
133.5 136.0
134.8 135.0

91.5
144.4
148.7
137.1
136.3

131.5
113.5
80.7
143.7
146.7
145.3
149.8
137.8
136.7

127.6 128.0 128.3 1312 131.9
1102
1093

123.9 127.6
104.5

104.7
130.4
134.5
124.0
119.8
136.7

79.2
136.6
139.6
138.8
1412
130.8

106.9
136.1
140.7
128.9
123.3
1433 1408
120.4 1192
1102 1072
IS!.. 148.6
153.1 150.1
143.8 141;
124.8 124.6

135.6 136.5 137.5
140.4 140.8 141.8
130.9
123.7
142.1
146.3
110.3
150.4 152.:
154.
144.
124.' 124.!

154.4
156.2
146.5
124.9

147,

106.0
142.8
148.9
133.4
125.9
14&6

1232
110.6
156.6
158.2
149.2
125 5

123.4
107.7
158.4
1602
150.2
126.4

141;
148.0
132.0
125.

Seasonally adjusted
II

91.5

80.7

73.6 99.9 81.3 65.1
102.1 101.8 102.7 103.0
121.9 126.1 124.3 124.5
137.6 138.8 142.9 143.7
139.7 140.2 145.8 146.7
138.8 139.0 144.4 145.3
141.5 142.6 148.7 149.8
133.5 136.0 137.1 137.8
129.8 131.1 133.0 134.9
1412 142.6 143.1 144.0
125.9 128.1 129.1 130.8
180.2 189.5 189.0 183.4
95.8 99.5 102J 101.4
118.9 123.6 123.0 123.7

128.9 133.3 131.7 131.7 134.8 135.0 136J 136.7
130.2 135.9 133.9 133.6 137.8 138.4 140.4 141.2
126.9 129.3 128.5 128.8 130.2 129.8 130.3 130.1

1. Includes utilities
; rental payments, maintenance and repair, and payments to contractors
tni«
to operate installations.
2. Includes depot maintenance and contractual services for weapons systems.
3. Includes compensation of foreign personnel, consulting, training, and education.




.141.4
131.6

[Dollars]

129.6 131.7 131.5
112.6 113.4 113.5
113.4 114.8 114.6
107.6 108.6 108.1
111.1 114.4 112.8
135.5 136.9 137.4
95.3 96.3 97.9
111.9 112.6 112.6
119.7 120.8 121.3
108.7 107.3 108.5

85.8 1042

iv

137.0
130.6 136.5 1344
126.5
122.4

1991

1990

1990

in

Table 7.18.—Current-Dollar Cost and Profit Per Unit of Constant-Dollar
Gross Domestic Product of Nonfinancial Corporate Business

Seasonally adjusted
1989

1991

1990
ii

II

I

IV

1990

1989

I
Current*dol!ar cost and profit per unit
of constant-dollar grass domestic
product l „ ..._r
Capital consumption allowances with capital
consumption adjustment........ .......................
Net domestic product
.........
Indirect business tax and nontax liability plus
business transfer payments less subsidies .
Domestic income
........ ............. ........ .„
Compensation of employees ...........................
Corporate profits with inventory valuation
and capital consumption adjustments .........
Profits tax liability .........
.....
Profits after tax with inventory valuation
and capital consumption adjustments .....
Net interest

1991

1990

1990
II

m

IV

I

II

1.140 1.178 1.161 1.175 1.185 1.191 1208 1219
.127 .132 .130 .131 .133 .136 .140 .141
IX) 13 1.046 1.031 1.044 1.052 1.055 1.068 1.079
.109
.904
.760

.116
.930
.791

.113
.918
.777

.113
.931
.787

.117
.935
.797

.119
.936
.804

.124
.944
.814

.125
.953
.821

.096
.041

.038
.038

.090
.038

.094
.039

.087
.040

.080
.037

.079
.032

.082
.034

.056
.048

.049
.051

.052
.051

.055
.051

.047
.051

.043
.052

.047
.052

.048
.051

1. 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

22

August 1991

Table 8.1.—Percent Change From Preceding Period in Selected Series
[Percent]

Seasonally adjusted at annual rates

Seasonally adjusted at arnual rates
1989

1990

1991

1990
III

1989

IV

I

.9
-1.6
2.8
3.6
4.7

2.2
-2.8
5.2
5.2
5.2

4.2
-.1
4.2
3.2
3.0

3.5

1.9
3^
3.3

5.3
2.8
2.3
2.8
2.6

19.0 -10.7
14.4 -95
4.0 -1.4
3.7
2
4.4
5

3.3 -11.0 -10.8
2.6 -12.3 -11.7
1.1
1.4
.7
t
35
2.4
4.3
25
.6

-1.1
-1.3
.4
1.6
1.9

I

II

11

Gross national product:
6.7
2.5
4.1
4.3
45

19S2 dollars
„
Implicit price deflator
Chain price index
Fixed-weighted price index
Personal consumption expenditures:
Cunent dollars'
„
„

5.1
1.0
4.1
4.3
4.6

i'i

6J

6.6

8.2

4.7
4.1
3.9

5.3
1.4
3.7
3.7
42

3.9
.1
3.6
3.4
3.1

8.0
2.1
5.4
5.2
5.7

5.1

I
Government purchases of goods and services;
Current dollars
~
1982 dollars
„
Implicit price deflator
Chain pnee index .
Fixed-weighted price index

1991

1990

1990
II

ni

IV

I

II

42
4.4
4.7

7.1
2.8
4.1
4.2
45

10.7
2.9
7.6
7.5
7.2

62
62
0
3.0
3.0

6.2
1.2
4.6
4.6
4.6

11.4
4.7
6.4
65
6.1

3.1
-1.3
4.5
4.6
4.8

4.1
3.0
.9
22
2.0

52
2.1
3.0
3.6
4.2

6.0
2.6
3.3
3.4
4.0

11.1
.4
10.7
10.3
95

11.5
16.4
-42
2.3
2.0

3.7
33
3.0
3.1

11.6
4.6
7.0
6.4
5.7

5.8
-5
6.2
7.3
7.2

6.7
8.1
-1.3
1.2
.3

National defense:
Current dollars
...........................
1982 dollars
„.
Implicit price deflator
Chain price index
Fixed-weighted price index

1.3
-1.7
3.1
3.3
3.8

42
.9
3.1
3.4
4.4

11.1
-1.7
13.3
10.9
11.2

3.2
3.3
-.3
2.0
1.4

3.9
2.7
1.3
3.4
4.0

16.8
12.1
4.0
7.7
7.7

7.9
2.7
5.0
5.8
6.4

-4.9
-8.7
4.3
5
-.5

Federal:
Current dollars
......
1982 dollars
„
„
Implicit price deflator
Chain pnee index
Fixed-weighted price index

6.6
2.3

6.5

6.0

1.4.6
4.7
4.8

5.0
4.9
5.2

Durable goods:
Current dollars
„
1982 dollars
„
Implicit price deflator .............................
Chain pnee index
Fixed-weighted price index
„
„..

3.7
2.3
1.4
2.0
2.1

1.2
-.1
1.4
1.9
22

Nondurable goods:
Current dollars ..................
1982 dollars ...»
Implicit price deflator
Chain price index
Fixed-weighted price index

6.6
11
53
5.4
5.7

5.6
-1.0
6.7
6.6
6.8

93
-32
12.8
12.9
13.2

15
-1.9
35
3.0
2.0

9.1
2.3
6.7
7.0
7.7

3.7
-65
10.8
10.6
115

-1.1
-1.8
.9
1.0
5

3.4
2.7
.6
1.4
15

Nondefense:
Current dollars
1982 dollars
Implicit price deflator"
Chain pnee index ................................
Fixed-weighted price index .................

19.0
16.6
2.1
4.9
5.4

11.6
8.0
32
3.3
3.0

7.3
24
4.8
4.9
4.8

75
2.6
4.8
4.7
4.7

4.9

95
5.1
4.2
4.5
4.4

8.6
3.0
5.3
5.4
55

7.0
1.8
52
5.0
5.1

6.9
2.1
4.6
4.8
5.1

7.8
4.1
3.7
3.8
3.4

State and local:
Current dollars
».
1982 dollars
„
Implicit price deflator .................................
Chain price index
Fixed-weighted price index

7.4
2.4
5.0
5.0
5.0

7.8
3.0
4.6
4.8
4.8

105
4.8
5.4
5.7
5.7

3.1
-.6
35
3.4
3.7

7.7
2.0
55
5.6
5.6

11.3
4.9
6.0
6.6
6.4

1.4
-1.9
3.4
2.9
32

2.4
-.6
3.1
2.8
32

Gross domestic purchases:
1982 dollars
„
..... „
Chain price index
Fixed-weighted price index .................................

1.9
4.4
4.6

5
4.4
4.7

5
65
7.0

1.3
2.9
2.9

1.6
4.7
5.1

-5.1
5.8
6.3

-4.3
3.6
3.7

2.0
2.3
2.3

Final sales:
1982 dollars
^^hain Dries index
Fixed-weighted price index

25
4.3
45

1.6
4.3
4.6

38
6.1
6.5

-.7
4.1
3.8

1.9
3.7
4.2

1.4
3.7
4.7

-2.9
5.1
5.1

.2
32
3.0

Final sales to domestic purchasers:
1982 dollars
....
....
Chsiiii price index !••*.»**.**««**»*...»«*,,......,„,,.,«•*„»*„*«
Fixed*wcighted price index .

1.9
4.4
4.6

1.1
4.4
4.7

25
65
6.9

.2
2.9
2.9

2.1
4.6
5.1

-2.2
5.8
6.3

-4.4
35
3.6

2.3
2.4
2.3

Command-basts gross national product:
1982 dollars
„
Implicit price deflator „

2.7
4.0

.8
4.2

1.0
5.4

1.8
3.4

.2
5.0

-3.9
4.9

-.6
3.0

22
2.1

Gross domestic product:
1982 dollars
Implicit price deflator

2.5
4.0

.9
4.1

1.8
4.8

1.2
4.7

.7
3.7

-2.1
Z8

-3.0
5.2

.8
4.2

2.4
4.0

.7
3.9

1.8
42

.8
4.8

.4
3.8

-2.7
1.9

-3.7
.7
4.7 ' 4.3

2.1
3.9

.3
3.9

15
35

1.1
4.8

5
4.1

-3 3
25

-45
4.3

4
4.0

7.1
2.4

5.9
.9

9.6
25

4.0
,3

45
-.7

3.3
-35

2.0
-15

4.9
25

Implicit price deflator
Chain price index
Fixed-weighted price index

„...

.................
..

Services:
Current dollars'
1982 dollars '
„
Implicit price deflator
Chain price index ....................................
Fixed-weighted price index ..,
Gross private domestic investment:
Current dollars
...»
1982 dollars
„
Implicit price deflator
Chain price index
Fixed-weighted price index
Fixed investment:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

„.,

3.2
1.6

„..,.,

3.1

„

1.6
1.4
3.2

.

3.4

Nonresidential:
Current dollars
.....„..........„„„
1982 dollars
Implicit price deflator
„„
Chain price index
Fixed-weighted price index

4.8
3.9

.

Structures:
Current dollars .—... ......................
1982 dollars
"....
Implicit price deflator ....................
Chain pnee index
Fixed-weighted price index ...........
Producers* durable equipment:
Current dollars ...„.

1.0
3.0
3.4
45
0
45
35
3.0

r

t i

I.J

6.8
6.8
7.4

4!s
4.1
4.3

.4 -28.6 -20.2 -1.9
65
-7.9
-2.1 -21.4 -18.4 -2.6
0
-4.7
..........
.......... .......... ..........
..........
..........
•* • ..........
*
.4
\6
2.2
2.7

12.0
7.6
4.2
3.7
42

-6.8
-65
-.4
.6
1.3

2.4
1.8
5
25
3.0

9.1
5.0
3.6
3.8
4.4

-5.0
-4.1
0
.8
1.6

5
-1.2
1.8
25
2.1

4.7
2.3
2,4
3.0
2.8
11.0
57
52
4.1
5.4

-4.2
-9.0
5.4
1.6
1.9
-5.2

2.8
3.6

3.1
2,8
.3
25
35

Residential:
Current dollars
1982 dollars
«......!
"...
...
Implicit price deflator
.
..
...
Chain pnee index
Fixed-weigh ted price index ...„
...»

-.6
-4.1
35
3.6
3.6

-3.9
-55
1.6
1.7
1.8

13.4
11.0
22
23
2.7

7.4
6.4
.9
2.3
2.6

12.0 -1.0
11.2 -5.0
42
.8
2.6
4.7
3.4
5.0

7.4
6.0
1.3
32
3.6

4.7
2.8
1.9
3.4
4.0

8.0 -3.8
.7
25
5.6 - 4 5
7.8 -6.3
92 -7.0

Exports of goods and services:
Current dollars'
„
1982 dollars >
„„
Implicit price deflator
Chain pnee index
Fixed-weighted price index
Imports of goods and services:
Current dollars' ..„....«..... *.
1982 dollars'
Implicit price deflator
„
Chain price index
Fixed-weighted price index

.

...........
„

.........

........... .....
„
"
. ...
„.

6.9
65
7.1

-3.9
-3.9

Implicit price deflator .....................
Chain price index
„
Fixed-weighted price index .............

5.0
* f

—1 .A
J 4

2.8 -11.0 -17.9
.6 -5.4 -185
1.9 -5.8
.8
1.8
2.0
2.4
3.2
2.8
25

-22
-.8
-15
5
1.1

-6.4 -14.7
.1 -16.3
2.0
-65
3.4
2.9
4.3
3.9

-5.1
-1.8
-35
-.4
.6

13.2
8.9
4.0
1.8
25

7.3 -19.0
5.1 -18.2
2.0 -1.0
15
3.1
12
2.9
15.7

tn 9
1U.Z

-7.1 -12.6
-9.0 -13.7
2.0
13
1.3
2.0
15
25

-1.1 -17.4
|jl A

-2.1

—la A

9O
Z.U

1.3
3.9
5.4

-3.7
-1.1
0

18.9 -11.0 -18.2 -21.4 -25.7
15.1 -11.2 -19.8 -20.6 -25.3
-.6
-.9
2.3
0
3.3
-.4
-.9
2.3
.1
3.3
-.3
-.6
2.4
.3
35

Addenda:

..............

Business:
1982 dollars
...............................
Implicit price deflator
Nonfarm:
1982 dollars ..........
Implicit price deflator

19.0
-13.9
-6.2
-6.4

-£i

.6
1.4

5.1
1.4
12

8.1
6.9
1.1
2.7
2.6

-13
35
4.9

155
11.0
42
4.6
5.0

Current dollars ................................................
1982 dollars
„

3.4
4.3
.4
1.3
2.7

1. Percent changes for 1986 and the first quarter of 1986 reflect discontinuities in the series.
NOTE.—The fixed-weighted price index and the chain price index, both of which are weighted averages of
the detailed prices used in the deflation of GNP, are measures of price change. In calculating changes in these
indexes, the composition of GNP is held constant Consequently these changes reflect only changes in prices.
The fixed-weighted price index measures price change over any period, using as weights the composition of
GNP in 1982. The chain price index measures price change between two consecutive periods, using as weights




47.1
3.2 -2.1
0
-7.0 -15.4 -10.0 79.4
10.9 16.1 10.9 -17.9
2.8 11.6
2.0
3.1
1.1
1.0
9.1
2.3

-1.1

7.0 -22.7
18.4
7.6 -11.8 -8.8
10.1 21.2 -15.0
10.7 22.1 - 8 5
12.6 24.9 -11.8

39.1
U2
1.5 67.4
3.4 -16.8
3.3
8.6
35
55

5.8
2.7
32
3.2
3.0

-1.7
5
-2.2
32
3.4

....

the composition of GNP in the first period. The implicit price deflator is a byproduct of the deflation of GNP.
It is derived as the ratio of cuncm- to constant-dollar GNP (multiplied by 100). It it the average of the detailed
prices used in the deflation of GNP, but the prices arc weighted by the composition of GNP in each period.
Consequently, the implicit price deflator reflects not only changes in prices but also changes in the composition
of GNP, and its use as a measure of price change should be avoided

SURVEY OF CURRENT BUSINESS

August 1991

23

NIPA Charts

REAL GNP AND ITS COMPONENTS: TRENDS AND CYCLES
Dec. Nov.
P
T

Nov.
P

Jan. July July
P T
P

Mar.
T

Nov.
T

Billion 1982 $; seasonally adjusted annual rates

15004,0003,5003,0002,500,500,300,100900700500400300-

200-

8OO-1
70060050040080-.
400-40800700600500400300600500400300-

200 J

1964 65

66 67

68

69




70

71

72

73

74

75

76 77

78

79

80 81

82 83

84

85

86 87

88

89 90

91 1992

24

August 1991

SURVEY OF CURRENT BUSINESS

SELECTED SERIES: RECENT QUARTERS
Percent Change
10

Percent Change
10
i GNP PRICE INDEX (FIXED WEIGHTS)1

1

I REAL GNP

I REAL GROSS DOMESTIC PRODUCT

1

I GROSS DOMESTIC PURCHASES PRICE INDEX
(FIXED WEIGHTS)1

•Jlilllll

Illil III.

-5

-10

1988

1989

1990

1991

Percent Change
10
•

1988

1989

1990

I

1991

Billion $
500

REAL GROSS DOMESTIC PURCHASES1

I CORPORATE PROFITS WITH IVA AND CCAdj2

• I REAL FINAL SALES TO DOMESTIC PURCHASERS1

I CORPORATE PROFITS BEFORE TAX2

400

Jm.ll

MINI

-5

300

200

100

-10
1988

1989

1990

1991

...I
1988

1989

1990

1991

1990

1991

Percent Change
10
REAL DISPOSABLE PERSONAL INCOME1

Illil I.I
1988

1989

1990

l
1991

1988

1. Percent change at annual rate from preceding quarter; based on seasonally adjusted estimates.
2. Seasonally adjusted annual rate: IVA is inventory valuation adjustment, and CCAdj is capital consumption adjustment.
3. Personal saving as percentage of disposable personal income; based on seasonally adjusted estimates.
US. Department of Commerce. Bureau of Economic Analysis




SURVEY OF CURRENT BUSINESS

August 1991

25

Reconciliation and Other Special Tables

Table 1.—Revisions in Selected Component Series of the NIPA's, Second Quarter of 1991
Percent ch<in£C form uiccco*
ing quarter at annual rates

Seasonally adjusted at annual rates
Advance

Preliminary

Difference

National Income

.............„„„„..„•„......

3.335.3

872.4

..........................

-4.7

4.6

23

4.0

287.9
875.0

4,779.2

4,786.3

42
3.8

4y49&2
3331.8

Compensation of employees
Corporate profits with inventory valuation and capital
consumption adjustments
........
. .......
oth W
„.
.;
,.„;;;;
;;;.;;
Personal Income

5,615.8

Preliminary

1

Billions of current dollars
5,620.5

Advance

2.4
1.9

"£6*
7.1

4.4

3.7

43

Billions of constant (1932) dollars
4,128.4

4,123.0

A

-.1

653.9
672.6

654.9
669.5

1.0
-3.1

3.7
212

4.3
19.0

Equals: Gross domestic purchases ,„

4,147.0

4,137.5

-*5

2.9

L0

Personal consumption expenditures

2,687.2
408.0
899.3
1,379.8

2,682.1
401.6
903.1
U77.4

-5.1
-6.4
3.8
-2.4

3.6
52
1.0
4.8

2.8
-1.3
2.7
4.1

647.1
493.9
153.2
-212
-16.3
-5.0

647.3
494.5
152.8
-27.7
-21.6
-6.1

.6
-.4
-6.5
-5.3
-LI

-.9
-2.3
3.7

-.8
-1.8
2.7

833.9
353.8
480.1

835.8
356.4
479.4

1.9
2.6
-.7

2.1
5.0
0

3.0
8.1
-.6

3.0
3.1
3.9
2.4

3.0
32
42
2.3

GNP
Less: Exports .
Plus: Imports

.„

„...

Nondurables
Services
Fixed investment »
Nonresidential
Residential
Change in business inventories .
Nonfarm
".
Farm .....
.........

„..
Z
..

.
„
„

„...
»
'.

.....

Government purchases .. .
Federal
State and local

....................
„

SA

Index numbers, 1982-100 !
GNP price index (fixed weights) ..............*.•.
GNP price index (chained weights)
GNP implicit price deflator .
Gross domestic purchases price index (fixed weights)

140.3

140.3

0

136.7"
139.9

139.9

0

1. Not at annual rates.
NOTE.—For the second quarter of 1991, the following revised or additional major source data were incorporated.
Personal consumption expenditures: Revised retail sales for May and June, and consumers* share of new car purchases for May.
Nonresidential fixed investment: Construction put in place in May (revised) and June, revised manufacturers* shipments of equipment for May
and June, and partial information on plant and equipment expenditures for the quarter, and business* share of new car purchases for May.
Residential investment: Construction put in place for May (revised) and June,
Change in business inventories: Manufacturing and trade inventories for May (revised) and June.
Net exports of goods and services: Merchandise exports and merchandise imports for May (revised) and June.
Government purchases of goods and services: Federal outlays for June, and State and local construction put in place for May (revised) and June.
Wages and salaries: Revised employment, average hourly earnings, and average weekly hours for May and June.
GNP prices: Detailed merchandise export and import price indexes for March through June, values and quantities of petroleum imports for June,
and residential housing prices for the quarter.




26

SURVEY OF CURRENT BUSINESS

August 1991

Table 2.—Reconciliation of Changes in BEA-Derived Compensation Per Hour with BLS Average
Hourly Earnings
[Percent change from preceding period]
Seasonally adjusted at annual
rates
88

1990

1989

BEA-derived compensation per hour of all persons in the nonfarm business
sector (less housing)

5.1

2.7

3.9

Less: Contribution of supplements to wages and salaries per hour

0

.1

.2

Plus: Contribution of wages and salaries per hour of persons in housing and in
nonprofit institutions ..».,.......• ................
..........

0

-.1

.2

0

0

5.1

self"employed ...»*••• •«**•**

*»»*.**.«**.,

I

IV

42

4.6

.3

1.1

-.4

.4

.2

.3

.3

.1

-.2

.3

.3

-i

IS

3.8

5.6

3.3

3.2

5.4

0

5.0
0

Equals: BEA-derived wages and salaries per hour of all employees in the private
n on form s e c t o r »**+++•»*..

*****k *.*+•*»»*

>•>*

#

*****..***+.,...............**,»»**•****..*,***t.

II*

3.7

hour of persons in government

Less: Contribution <
enterprises, unpaid family workers, a

1991

1990
III

Less: Contribution of wages and salaries per hour of nonproduction workers in
manufacturing

-.1

0

-.3

-.4

.1

-.2

Less: Other differences'

1.4

-1.3

.5

2.4

.9

2

.9

3.7

3.8

3.5

3.7

2.4

2.9

4.7

4,5

3.3

3.9

5.0

3.7

4.2

4.6

*

Equals: BLS average hourly earnings of production or nonsupervisory workers
on p r i v s t c nonf&nn payrolls *»*»,......***

**• •***•-«•»!*****

.*.,**«*•*«#*»•«+»•***»»*..»....».

Addendum:
BLS estimates of compensation per hour in the nonfarm business sector1

f Preliminary.
1. Includes BEA use of non-BLS data and differences in detailed weighting. Annual estimates also include differences in BEA and BLS
benchmarking procedures; quarterly estimates also include differences in seasonal adjustment procedures.
2. These estimates usually differ slightly from the BEA-derived estimates (first line) because the BLS estimates include compensation and hours
of tenant-occupied housing. The larger differences in 1988 and 1989 primarily reflect a BLS adjustment to make the 1988 compensation data, which
cover 53 Fridays (the most frequent pay day), consistent with the hours data, which are based on a constant 52-week year.
NOTE.—The table incorporates revised BLS estimates released in August 1991.
BLS Bureau of Labor Statistics

Table 3.—Cyclically Adjusted Federal Receipts, Expenditures, and Surplus or Deficit (-) Based on 6-Percent Unemployment Rate Trend GNP
i-

[Billions of dollars; quarters at seasonally adjusted annual rates]
1990
1990

Receipts:
Level
Percentage of trend GNP
Expenditures:
Level
Percentage of trend GNP
Surplus or deficit (-):
Level
Percentage of trend GNP

1,025.5
20.1

.......

Addenda:
6-percent unemployment rate trend GNP:
Current dollars
1982 dollars




1,014.3
20.3

1,032.2
20.4

1,020.2
19.9

1,035.4
19.9

1,061.7
20.0

1,093.4
20.3

1,116.0
20.4

1,132.1
20.4

1,160.1
20.5

1,173.7
20.4

1,189.6
23.3
„

1,100.8
20.3
1,278.1
23.5

1,181.0
23.7

1,187.3
23.4

1,182.0
23.0

U08.2
23.2

1,252.2
23.6

1,275.4
23.6

1,273.6
23.2

1,311.2
23.6

1,257.9
22.3

1,319.3
23.0

-164.1
-3.2

-177.3
-3.3

-166.7
-3,3

-155.1
-3.1

-161.8
-3.2

-172.8
-3.3

-190.5
-3.6

-182.0
-3.4

-157.6
-2.9

-179.1
-3.2

5,101.5
4,038.9

5,432.6
4,132.5

4,989.4
4,004.3

5,066.3
4,027.3

5,135.9
4,050.4

5,2143
4.073.7

5,305.7
4,097.1

5,398.0
4,120.6

5,478.8
4,144.3

5,547.7
4,168.1

-145.6
-2.5

5,650.7
4,191.9

5,742.1
4,216.0

27

SURVEY OF CURRENT BUSINESS

August 1991

Table 4.—Gross National Product in 1987 Dollars

Table 5.—Gross National Product in 1982 and 1987 Dollars; Annual
and Quarterly Percent Changes

[Billions of 1987 dollars]
Seasonally adjusted at annual rates
1990

Seasonally adjusted at annual rates

1991

1990

1990

1990

III

IV

I'

4,846.9

4,869.9

4^31.6

4,797.4

4,806.4

3,205.8
456.6
1,023.0
1,726.1

3,223.0
458.8
1,028.7
1,735.6

3,199.4
443.2
1.012.7
1.743.5

3,188.5
428.0
1,007.9
1,752.6

3,207.4
424.7
1.013.6
1,769.2

£87.1
692.0
488.3
132.4
355.9
203.7
^.9

703.2
694.5
495.3
134.4
360.8
199.2
8.8

646.2
673.3
485.2
127.0
358.3
188.0
-27.1

605.7
636.8
462.0
124.0
338.0
174.8
-31.1

602.3
632.9
457.0
119.5
337.5
175.9
-30.6

Net exports of goods and services

-15.8
614.5
630.3

-27.1
613.4
640.6

4.9
628.7
623.8

23.3
622,9
599.6

133
628.3
615.0

Government purchases of goods and services
Federal
..
National defense
Nondefense
State and local

969.8
384.4
285.8
98.6
585.4

970.7
385.7
284.8
100.9
585.0

981.1
389.4
291.3
98.1
591.7

980.0
390.7
294.1
96.6
589.3

983.3
394.7
288.0
106.7
588.5

4,862.7
4,851.8

4,897.0
4,861.1

4.826.6
4,858.7

4.774.1
4,828.6

4,793.1
4,836.9

113.1

113.5

114.7

116.1

117.0

GNP

_

Personal consumption expenditures
Nondurable goods
Services .;...

..

........
....

•............

.....
.....

Grass private domestic investment
F i x e d i n v e s t m e n t *••*+• ••.,*„.**»••++»»*•«,*.*•»»..........*«««**>»***•..*«***
N o n r e s i d e n t ! s i ***•**••*••..•••••.*• *•+•*••• P..**•••««••••«••**•••••••—••*#«**

Producers* durable equipment *
Residential
•«
Change in business inventories

**„...*...***
* »* « * •»**•
*•**•

»••*

Addenda:
Gross domestic purchases ...*..****+»*.-**

*
*

Fin&l StUes »,...*«#•#..-.....•..***•—...—.»**•••*•••••*••

#***•++•••••««»•**

GNP price index (fixed weighted), 1987=100

.,„.,.**»»•

' Revised.
p Preliminary.
NOTE.—For background information about tables 4 and 5, see "Alternate Measures of Real GNP" in the
April 1989 SURVEY OF CURRENT BUSINESS. Revised estimates beginning in 1986 appeared on page 19 of the
August 1989 SURVEY and page 20 of the November 1989 SURVEY.




GNP:
1987 dollare
1982 dollare

".

I'

W

.!

.8
1.0

1.7
1.4

-3.1
-1.6

-2.8
-2.8

.8
-.1

...1......LJ!

1.0
.9

2.7
2.7

-19
-3.4

-1.4
-1.5

2.4
18

-.5
-.1

2.8
2.6

-12.9
-12.3

-13.0
-11.7

-3.0
-1.3

-.8
-1.0

2.1
2.3

-6.1
-6.5

-1.9
-1.8

2.3
2.7

2.6
16

3.0
3.0

18
1.8

21
11

3.8
4.1

-5.7
-3.9

-.5
-2.1

-28.7
-21.4

-22.8
-18.4

-2.2
-2.6

-1.6
-.1

„

.6
.6

-11.7
-5.4

-20.0
-18.5

-2.4
-.8

#1
O

10.7
8.9

-7.9
.1

-17.8
-16.3

-4.3
-1.8

-1.9
-1.2

4.0
5.1

-20.3
-18.2

-9.1
-9.0

-13.7
-13.7

."..

Personal consumption expenditures:
1987 dollare
„ _„„..„
1982 dollare
...
„„!!
Durable goods;
1987 dollars
1982 dollare
Z
Nondurable goods:
1987 dollare
„
1982 dollare
Services:
1987 dollare
1982 dollare

"!"".".
!"""".!

Gross private domestic investment:
1987 dollare
„
1982 dollare
„Fixed Investment:
1987 dollare
1982 dollare
Nonresidential:
1987 dollare
1982 dollars
Structures:
1987 dollare .....
„
1982 dollars
„
Producers* durable equipment:
1987 dollars ..„..........
1982 dollars
..
Residential:
1987 dollare
1982 dollare
„
Change in business inventories:
1987 dollare
„
1982 dollare
Net exports of goods and services:
1987 dollare
„..
1982 dollars
Exports:
1987 dollare
1982 dollars
„„..„..„
Imports:
1987 dollars
1982 dollare

1991
IV

III

„
,
J.

13.2
10.2

-2.7
63

-20.8
-18.4

-.6
2.0

-20.0
-19.8

-20.7
-20.6

-25.3
-25.3

25
2.7

.............

„

.9
2.8
-5.5
-5.5

."."'.!

............

ZZI. ZZZZZ.

I.- ZZ
"

""
!".._.
Z~.

Government purchases or goods and services:
1987 dollars ...
1982 dollars
„
Federal:
1987 dollars
„
1982 dollare
.
National defense:
1987 dollare
....,
1982 dollars
Nondefense:
1987 dollare
1982 dollars
I""Z1
w
State and local:
1987 dollare
1982 dollare

5.2
6.4

5.5
6.9

10.4
11.0

-3.6
.5

3.5
4.3

1.4
2.8

7.0
7.6

-10.1
-11.8

-14.6
-8.8

10.7
19.0

2.6
2.8

.8
1.2

4.4
4.7

-.4
-1.3

1.4
3.0
42
8.1

20
2.6

-.9
.1

3.9
4^6

I3
-JS

.5
.9

.3
17

9.4
12.1

3.9
2.7

-8.0
-8.7

6.6
8.0

-42
-7.0

-10.6
-15.4

-6.0
-10.0

48.9
79.4

2.9
3.0

2.0
2.0

4.7
4.9

-1.6
-1.9

-.5
-.6

.3
.5

1.9
1.6

-5.6
-5.1

-4.3
-4.3

1.6
2.0

1.4
1.6

1.8
1.9

-.2
1.4

-2.5
-2.9

.7
2

4.4
4.6

3.9
4.2

4.1
4.7

5.0
5.2

3.1
3.0

.8

1.5

-2.6

-2.9

1.0

Addenda:
Gross domestic purchases:
1987 dollars
1982 dollars
Final sales:
1987 dollare
1982 dollars ..„

.„„„..

GNP price index (fixed weighted):
1987=100 .............
„„„.
1982=100
Z
Real GNP, chain output measure .«..........,.,
r

Revised. (1987-dollar estimates only).
p Preliminary.

"."..»

™
................

By REGIONAL ECONOMIC MEASUREMENT DIVISION

State Per Capita Personal Income, 1985-90, and
State Personal Income, 1988-90: Revised Estimates
THIS1 article presents revised annual behalf of, all the residents of the State.
estimates of State per capita personal
income for 1985-90 and of State personal income for 1988-90. Tables 1
and 2 present 1985-90 estimates of total and per capita personal income and
of total and per capita disposable personal income, respectively. Table 3
presents detailed estimates of personal
income by major source and earnings
by industry for 1988-90. Historical
estimates are presented in the table
3 format in State Personal Income:
1929-87}
The 1981-90 estimates of per capita
personal income and of per capita disposable personal income have been recalculated with revised estimates of
midyear State population that were
provided by the Bureau of the Census
in August 1991. The new 1981-89 population estimates reflect both the 1980
and 1990 Census of Population counts
for April 1; the 1990 midyear (July
1) estimates reflect the 1990 Census
of Population count plus 3 months of
estimated population change.
For the first time, the 1987 Standard
Industrial Classification (SIC) is used
for the estimates presented in table
3. Summary and detailed tabulations
of the entire time series, including revised per capita measures for 1981-84
and estimates of earnings for 1988
and 1989 based on the 1972 SIC, are
available on computer printouts and in
machine-readable forms (see the box on
page 42).
Definition of total and per capita
personal income

The personal income of a State is defined as the income received by, or on
1. State Personal Income: 1929-87 (GPO Stock No.
003^010-00197-6) is available from the Superintendent of Documents, U.S. Government Printing Office,
Washington, DC 20402-9325 (or call 202-783-3238), for
$16 00. The 1986 estimates in this publication have
been superseded by revised estimates that appear in
the August 1989 SURVEY OF CURRENT BUSINESS, and

the

1987 estimates, by revised estimates in the August 1990

It consists of the income received by
persons from all sources—that is, from
participation in production, from both
government and business transfer payments, and from government interest. Personal income is measured as
the sum of wage and salary disbursements, other labor income, proprietors*
income, rental income of persons, personal dividend income, personal interest income, and transfer payments,
less personal contributions for social
insurance. State per capita personal
income is measured as the personal income of the residents of a State divided
by the midyear resident population of
the State.
In the national and regional economic accounts, persons are defined
as individuals, nonprofit institutions
serving individuals, private noninsured welfare funds, and private trust
funds.

Disposable personal income is measured as personal income less personal
tax and nontax payments; it is the income available to persons for spending
or saving. Personal tax and nontax
payments are tax payments by persons that are not chargeable to business expense and certain other personal payments to government agencies (except government enterprises)
that are treated like taxes. Personal taxes include taxes on income,
including realized capital gains; on
transfers of estates and gifts; and on
personal property. Nontaxes include
tuitions and fees paid to governmentoperated schools and hospitals; fees,
fines, and forfeitures; and donations.
Personal tax and nontax payments exclude personal contributions for social
insurance, which are deducted in the
derivation of personal income. State
per capita disposable personal income
Text continues on p. 42.

Acknowledgments
The revised estimates of State personal income were prepared by the Regional Economic
Measurement Division under the direction of Linnea Hazen, Chief. The estimates were the
result of a divisionwide effort.
Estimates of nonfarm wages and salaries and other labor income were prepared by the
Regional Wage Branch under the supervision of Carol E. Evans, Chief. Major responsibilities
were assigned to Sharon C. Carnevale, Michael G. Pilot, John A. Rusinko, and James M. Scott.
Contributing staff members were' E. Frances Bake, Christopher T. Berry, Elizabeth P. Cologer,
Kathryn A. Comins, Susan P. Den Herder, Eddie L. Key, Russell C. Lusher* Richard A. Lutyk,
Paul K. Medzerian, Lisa C. Ninomiya, Michael Phillips, Adrienne T. Pilot, William E. Reid, Jr.,
Victor A. Sahadachny, and Jaime Zenzano.
Estimates of farm earnings (wages and salaries, other labor income, and proprietors' income), tax and nontax payments, and the residence adjustments were prepared by the Quarterly
Income Branch under the supervision of Robert L. Brown, Assistant Division Chief. Major responsibilities were assigned to James M. Zavrel. Contributing staff members were Elaine M.
Briccetti, Daniel R- Corrin, Richard H. Grayson, Lela S. Lester, and Daniel Zabronsky.
Estimates of nonfarm proprietors' income, dividends, interest, rent, transfer payments, and
personal contributions for social insurance were prepared by the Proprietors' Income Branch
under the supervision of Bruce Levine, Chief. Major responsibilities were assigned to Charles
A. Jolley. Contributing staff members were Kirk Fox, Marian B. Sacks, Michael Wagner, Ellen
M. Wright, and Marianne A. Ziver.
The assembly of public-use tabulations and data files and the preparation of the text and
tables for this article were performed by the Regional Economic Information System Branch.
Major responsibilities were assigned to Kathy A. Albetski, Wallace K. Bailey, and Gary V.
Kennedy. Secretarial support was provided by Hilda G. Tblson. Contributing staff members
were Louise T. Johnson, Susan J. Lease-Trevathan, Jeffrey L. Newman, Michael J. Paris, Albert
Silverman, Monique B. lyes, and Mary C. Williams.

SURVEY.




29

SURVEY OF CURRENT BUSINESS

30

August 1991

Table 1.—Total and Per Capita Personal income by State and Region, 1985-90
Per capita2

Total
Avg. annual growth
(percent)

Millions of dollars

State and region

1985^90

1989-90

Percent of
national
average

Dollars

Rank
in
U.S.

1935

1986

1987

1988

1989

1990

1985

1986

1987

1988

1989

1990

1985

1990

3,317,545

3,519,364

3,754^77

4,058,796

4376369

4,662,698

7.04

6.54

13,942

14,654

15,494

16^98

17,731

18,691

100

100

218^77
62300
15,036
102,800
17,039
14,255
7,148

239,481
68,401
16,622
112,127
19,062
15.444
7,824

263,170
75,086
18,309
123,267
21,034
16,875
8498

281366
80309
20,081
131,403
22,546
18,092
9,434

292,778
83342
21,146
135,861
23,147
18,894
9,889

7.71
7.69
8.82
7.43
848
7.24
8.35

337
4.40
530
339
2.67
4.43
4.82

15352
18,083
11,913
16,145
15,389
13,746
12,490

17,030
19,323
12,848
17,414
16,620
14,584
13382

18*489
21,061
14,030
18,889
18,078
15,605
14,479

20,110
22,945
15,207
20,610
19,427
16,934
15,637

21383
24,459
16,460
21,844
20,413
18,080
16,916

22,143
25.484
17,175
22469
20,827
18,802
17411

114
130
85
116

ni||HHn«HHii*»lll>Hii

201,986
57,892
13.856
94.957
15.340
13.320
6,621

90

118
136
92
121
111
101
94

Mideast
.
Delaware
District of Columbia ....................
Maryland ...„
.....
New Jersey
New York
„
Pennsylvania ...................................

664,784
9,106
11,105
70,154
133,333
280,266
160,820

707,565
9,749
11.423
75,685
143,110
297.901
169,697

760,967
10,616
12,141
82,683
155,737
319.229
180459

829,612
11,600
1331
90,736
171,281
348,183
194431

891,298
12,693
13,600
98,231
182,882
374,692
209,200

944,731
13,397
13,980
104,631
192,893
397,602
222,228

7.28
8.03
4.71
8.32
7.67
7.24
6.68

5.99
545
2.79
6.52
5.47
6.11
6.23

15433
14,726
17.499
15,895
17,622
15,751
13,661

16,456
15432
17,895
16,866
18,773
16.703
14,400

17,617
16,666
19,059
18,108
20,300
17,863
15,286

19,097
17,910
21.064
19,477
22,205
19,404
16,420

20,450
19,283
21,788
20,779
23,671
20.836
17,630

111
106
126
114
126
113
98

116
107
124
117
133
US
100

Great Lakes
Illinois
Indiana

_................„,.

570,427
169,968
68.338
127,250
141,972
62,900

602,457
178,528
72,415
136,040
148,975
66,498

636335
189,659
76.907
142377
157.250
70,142

682422
204,541
82,238
152,271
168,756
74,717

733,643
220,389
88,808
163,269
180,197
80,979

775337
233,661
93,805
171,003
190,720
86.147

633
6.57
6.54
6.09
6.08
6.49

5.68
6.02
5.63
4.74
5.84
6.38

13,771
14,908
12416
14,018
13.224
13,247

14431
15,676
13,276
14,902
13.882
13,981

15,298
16,647
14.050
15,495
14.612
14,678

16357
17,955
14,973
16417
15,625
15,491

17421
19,316
16,078
17,644
16,640
16,674

21,617
20,022
23,243
21,789
24,936
22,086
18,686
18y«7
20,419
16,890
18360
17464
17460

99
107
90
101
95
95

99
109
90
98
94
94

Plains
....
Iowa
,
,
._.,
Kansas
Minnesota
Missouri
Nebraska
..„
...
....
North Dakota
«...
South Dakota ....„....„„„.„...-......„..

232,842
36,217
33,819
59,278
66,729
20,808
8,182
7,811

244,889
37,739
35,596
62,774
70,490
21483
8,386
8321

257,071
39,149
37,046
66,670
74461
22331
8,527
8.787

272,008
41,087
39,392
70,908
79,487
23,956
8,163
9,015

294,110
44,856
41,916
77334
85.163
25,772
9,047
10.022

313,132
47,870
45,050
82,223
89472
27,734
9,686
10,997

6.10
5.74
5.90
6.76
6.06
5.92
3.43
7.08

6.47
6.72
7.48
632
5.18
7.61
7.06
9.73

13379
12,797
13,930
14,165
13,344
13.129
12,085
11.182

14,078
13,515
14,631
14,926
14,032
13,708
12424
11,954

14,749
14,147
15,147
15,740
14,743
14,253
12,896
12,623

15412
14,839
15,998
16403
15.639
15,242
12,454
12.911

16,715
16,190
16,950
17,827
16.712
16365
13,997
14.385

17,701
17,218
18,162
18,731
17,472
17,549
15,215
15.797

96
92
100
102
96
94
87

95
92 '"'27
21
97
17
100
26
93
24
94
41
81
37
85

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

681,056
43,026
24,838
158,411
75,394
40,102
50,679
24,174
72,987
35,780
53,637
82423
19.504

728365
46,003
26052
17U16
82,409
41,956
50,659
25,402
78,788
38339
57,850
89489
20,202

782,708
48,959
27,235
187,065
89,194
44489
50,886
26,903
85,212
41356
62,740
97,754
20,814

850,470
52,882
29.180
204,828
97,183
47,913
54,157
29,180
93307
45,120
68,109
106,690
21,919

918445
56,698
3U90
225,361
104,107
51,596
56,820
31.089
101.440
48344
. 72.912
115,546
23,041

982,140
60,776
33.389
241,713
110,886
55351
61,237
33,009
108,396
53,006
77440
122,215
24,622

7.60
7.15
6.10
8.82
8.02
6.66
3.86
6.43
8.23
8.18
7.65
8.17
4.77

6.96
7.19
6.71
7.26
641
7.28
7.77
6.18
6.86
9.64
6.35
5.77
6.86

12,117
10,830
10,672
13,954
12,643
10,852
11,495
9340
11,669
10,831
11374
14,438
10,227

12308
11424
11,170
14,664
13442
11,375
11,494
9,793
12,462
11,468
12,206
15,413
10,731

13,602
12,192
11,626
15,590
14365
12,104
11,712
10392
13,305
12,232
13.116
16,476
11,204

14,631
13,140
12,454
16,642
15,384
13,018
12,626
11307
14396
13,222
14.121
17,670
11,975

15,634
14,068
13,335
17,832
16,239
14,031
13,360
12,077
15,450
13,985
15.020
18,879
12,754

16416
15,021
14,188
18,530
17,049
15,001
14,542
12,823
16,293
15,151
15,866
19,671
13,755

87
78
77
100
91
78
82
67
84
78
82
104
73

88
80
76
99
91
80
78
69
87
81
85
105
74

47
19
30
44
45
50
34
42
36
12
49

Southwest
Arizona
New Mexico
Oklahoma
Texas

318,147
40,963
16,238
40,235
220,711

327,232
44,769
16,890
40496
224,977

337359
48,813
17,761
40.820
230,464

359,765
52.260
18,919
42,983
245,602

385,141
55.652
20,240
45,691
263458

414328
58,946
21,677
48,620
285,085

5.42
745
5.95
3.86
5.25

748
5.92
7.10
6.41
8.17

13,164
12,866
11,288
12,298
13462

13309
13431
11,545
12,479
13483

13,650
14,200
12,011
12,714
13,863

14,470
14,781
12.693
13470
14J34

15355
15,364
13,458
14,504
15,682

16311
16,012
14^65
15,457
16,716

94
92
81
88
97

87
86
76
83
89

"35
46
38
32

91,522
47,511
10,869
9.092
17.512
6,537

954)51
49,420
11,198
9488
18 391
M54

98,934
51,455
11,841
9,986
19373
6,279

104,689
54391
12.748
10335
20,666
6449

113,147
58,315
14,153
11448
22,287
6,844

121482
62378
15,423
12,205
24,199
7378

5.84
5.60
7.25
6.07
6.68
2.45

7.45
6.97
8.97
5.69
848
7.80

12,767
14,805
10,933
11.056
10,658
13,081

13,200
15,263
11.307
11,781
11,059
13,020

13,728
15,779
12,020
12,402
11,543
13.163

14^33
16,670
12.931
12,913
12,231
14,079

15,641
17,801
14,233
14,442
13.065
14,930

16,668
18,890
15,249
15,270
13,993
16,314

92
106
78
79
76
94

89
101
82
82
75
87

14
40
39
48
33

569,801
453.110
14,932
35,479
66,280

614^64
490,104
16,476
37,721
70463

668,080
532,164
18,464
41,128
76325

727,226
576.489
20,919
45,409
84,408

784,050
619,381
23,298
49,198
92,174

8.05
7.95
11.04
7.70
8.24

731
7.44
1137
8.34
9.20

15,446
15.981
14410
12,702
14,096

16,177
16,716
15.225
13,219
14,884

17,061
17,642
16,098
13,964
15468

18,093
18,693
17,173
15,001
16.447

19,192
19,730
18,392
16,272
17,784

20,130
20,677
19,035
17,196
18,775

111
115
104
91
101

108
111
102
92
100

.......

....

532^92
422,608
13,801
33,951
62,032

„
.....

9,802
14,589

9,820
15,607

9461
16.798

10,105
18376

11,276
20,417

11,956
22,663

4.05
9.21

6.03
11.00

18,405
14,030

18,040
14.837

17,726
15.727

18,642
17,015

20,609
18,652

21,688
20,356

132
101

116
109

6
10

New England
„..
„
Middle Atlantic
„
East North Central ....„.....„....„,.„...,.,
West North Central .........................
South Atlantic
East South Central ......„..„......„..„..„..
West South Central
„.

201,986
574,420
570,427
232,842
534.964
160.939
336,463
162424
542,981

218477
610,708
602,457
244,889
577,300
171,211
342,284
171,641
580,297

239,481
655426
636335
257.071
626,836
183,192
349,405
181,984
624,747

263.170
713.994
682422
272,008
684,665
198,085
371,922
194,332
678,097

281,866
766,774
733,643
294,110
742,363
212^95
397359
209,958
738,000

292.778
812,723
775337
313,132
792,846
226.675
428,332
225403
795372

7.71
7.19
6.33
6.10
8.19
7.09
4.95
6.77
7.93

15,852
15,470
13,771
13379
13320
10,749
12,802
12,755
15,474

17,030
16,398
14431
14,078
14,126
11,404
12,889
13,251
16,192

18,489
17448
15,298
14,749
15,059
12.154
13.174
13,843
17,059

20,110
19,037
16,357
15,512
16,177
13,111
14,051
14,606
18,096

21,383
20,406
17421
16,715
17,261
14,026
14,963
15^55
19,220

22,143
21497
18,427
17,701
18,112
14,915
16,003
16,437
20,192

114
111
99
96
96
77
92
91
111

118
116
99
95
97
80
86
88
108

l

United States ....
New England ,
...........
Connecticut
. ..................
Maine
................................
Massachusetts ....,...._...,,..........»„„..
New Hampshire
......
Rhode Island
]«.
T CTlHOrlt n u n , ,

„...«.......„„

Ohio
Wisconsin ...„„

„

..„„...
„

..„
«
„..„.,..„„„..

Rocky Mountain
Colorado .
Idaho
„
Montana
Utah
Wyoming
Far West
California
Nevada
Oregon
Washington

„

..„.
„
„„ ..............
"
...„„„„..

'.

...'.
„....„........,

Alaska
Hawaii .-

.

no
99

so

Census Divisions

V l o u A U t i n •»* +•**«*»*+ .,»,.*•»*«+*» *•»*»««..*.*»*

Pacific

„

"

"

.




3.87
5.99
5.68
6.47
6.80
6.77
7.79
7.40
7.77

1990

"l
29
3
7
15
25

"Tf
5
2
4
IS
.....
........
31
20
22
23

13
28
16

SURVEY OF? CURRENT BUSINESS

August 1991

31

Table 2.—Total and Per Capita Disposable Personal Income by State and Region, 1985-90
Per capita1

Total
Avg. annual growth
(percent)

Millions of dollars

State and region

1985

1986

1987

1988

1989

1990

1985-90

1989-90

Rank
in
U.S.

Percent of
national
average

Dollars
1985

1986

1987

1988

1989

1990

1985

1990

1990

United States

2332,081

3,007,642

3,184,218

3,468,483

3,718^56

3,964,705

6.96

6.61

11,902

12323

13,140

14,184

15,067

15393

100

100

New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont

171,147
48,624
12,117
79,649
13,443
11,662
5,652

183,152
51.397
12.944
85,641
14,786
12.371
6,012

201320
57,116
14,265
93,448
16,751
13,093
6,647

224,085
63340
15,926
104,381
18,635
14,401
7,402

240,013
67,771
17.499
111.422
19.984
15,260
8,077

248,999
70,854
18,426
114,771
20^93
15,941
8,415

7.79
7.82
8.74
7.58
8.90
6.45
8.29

3.74
4.55
5.30
3.01
3.05
4.46
4.19

13,432
15,188
10,418
13343
13,485
12,035
10,662

14370
15,941
11,061
14,507
14,423
12,657
11,256

15342
17^86
12,041
15,743
15,886
13,229
12,302

17,124
19,356
13328
17.453
17311
14,450
13,462

18308
20.640
14.344
18422
18,093
15,250
14,482

18332
21436
14,966
19,066
18.529
15,863
14,901

113
128
88
114
113
101
90

118
136
94
120
117
100
94

Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania

558,809
7,503
9,135
58,924
113,608
231,039
138,599

594^91
7.994
9,304
63 218
120,621
246,376
146,877

633,766
8,742
9,926
68,814
131,641
260,446
154,197

697,634
9,498
11.026
76,188
146.035
287,378
167,509

746323
10,396
11,162
81,662
156.754
305.748
180,602

793,188
10,948
11,423
86,939
165,414
326.477
191,986

7.26
7.85
4.57
8.09
7.80
7.16
6.73

6.28
5.32
2.34
6.46
5.52
6.78
630

13,057
12.134
14,395
13,351
15,015
12,984
11,773

13,824
12.737
14,575
14,088
15,823
13.814
12,464

14,672
13.723
15382
15,070
17,159
14373
13,054

16,059
14,664
17,488
16,354
18,933
16,015
14,139

17,123
15,792
17,882
17,275
20,289
17,002
15,220

18,150
16,362
18,992
18,105
21384
18,136
16,143

110
102
121
112
126
109
99

114
103
119
114
135
114
102

489,032
146,348
58,655
107,933
121,796
54,299

516,943
154,318
62,210
115,450
127,987
56,984

541367
161,541
65,956
120.121
133.886
59,864

585,508
175,950
70,700
129,809
145,234
63,815

625,498
188,915
75,677
138,050
154,178
68,678

661342
200310
80,032
144,758
163,108
73334

6.22
6.47
6.41
6.05
6.02
6.17

5.73
5.98
5.76
4.86
5.79
6.63

11,806
12,836
10,743
11,890
11345
11,436

12,469
13,550
11,405
12,647
11,926
11.981

13,015
14,179
12,049
13,073
12,441
12328

14,032
15,445
12.872
14,080
13,447
13331

14,938
16,557
13,700
14.919
14,237
14,141

15,718
17,496
14,410
15442
15,021
14,927

99
108
90
100
95
96

99
110
91
98
95
94

8
31
20
23
26

Plains
lowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota

199,964
31,307
28,587
49,833
57,662
18,212
7,261
7,102

210,715
32,362
30,345
53,229
60.958
18.743
7,503
7,575

218,700
33,181
31,443
55,186
64,230
19,278
7,535
7,847

233337
35.119
33,930
59,402
68.733
20,744
7,171
8,138

250399
37,927
35,618
64,427
73.062
22,366
7,877
9,022

266,124
40,491
38,338
68372
76,636
24,040
8,452
9,896

5.88
5.28
6.05
6.50
5.85
5.71
3.08
6.86

632
6.76
7.64
5.97
4.89
7.49
7.30
9.68

11,490 12,114
11,063 11,590
11,776 12,472
11,908 * 12.656
11330 12,134
11.491 11,904
10,725 11,205
10,167 10,882

12447
11,990
12,856
13.029
12.700
12,304
11,395
11,273

13301
12.684
13,779
13.825
13423
13.199
10,941
11,655

14325
13,689
14,404
14,852
14,338
14,202
12,186
12,950

15,044
14464
15,456
15453
14,948
15,212
13376
14315

97
93
99
100
97
97
90
85

95
92
97
98
94
96
84
89

""29
21
19
25
22
40
33

Southeast
Alabama
Arkansas
Florida
Georgia

582,794
36,593
21,635
135,557
63,013
34,544
44,103
20,940
61,892
30.729
46,701
70,045
17.043

626,550
39,365
, 22,748
146,668
69,483
36 164
44,941
22,156
67.422
32,914
50,763
76,295
17.631

669,490
41,715
23,750
159,299
74,728
38,672
44,850
23,277
72,508
35,344
54,851
82,327
18,167

732,054
45,483
25,561
175,302
82,153
41,527
47,804
25,410
80.169
38,886
59,845
90.438
19.475

787,061
48,401
27345
193,091
87,621
44,475
49,997
26,848
86,923
41,046
63,666
97,543
20,107

841368
51,908
29,138
206.745
93,381
47352
53.812
28,436
92,825
45,096
67,713
103359
21.404

7.63
7.24
6.14
8.81
8.18
6.60
4.06
6.31
8.44
7.97
7.71
8.13
4.66

6.93
7.25
6.56
7.07
6.57
6.92
7.63
5.91
6.79
9.87
6.36
6.17
6.45

10369
9,210
9396
11,941
10,567
9348
10,004
8,090
9.895
9302
9,903
12355
8,937

11,018
9,861
9,754
12,569
11,418
9,805
10,197
8,541
10,664
9,845
10,711
13,126
9,365

11,634
10,388
10,138
13,276
12,035
10,498
10.323
8,991
11321
10,454
11,467
13,876
9.779

12494
11,302
10,909
14343
13,005
11383
11,145
9,846
12.369
11395
12.408
14,979
10,640

13,401
12,009
11,654
15.279
13,667
12,094
11,756
10,429
13,239
11,874
13,115
15,938
11,130

14,152
12,829
12,382
15.849
14,358
12,887
12,778
11,047
13,952
12,890
13,855
16,668
11,957

87
77
78
100
89
79
84
68
83
78
83
103
75

89
81
78
100
90
81
80
70
88
81
87
105
75

""43
47
18
32
42
44
50
34
41
36
11
49

Southwest
Arizona ..... .,
New Mexico
Oklahoma
Texas

272,977
35,609
14,053
32,695
190,620

283376
38,720
14,717
33,281
196,658

291,067
41,915
15,341
33,243
200,567

311,904
45,383
16,325
35,411
214,785

333,489
48,131
17,631
37,328
230.399

358,188
50.922
18.856
39387
248,823

5.58
7.42
6.06
3.90
5.47

7.41
5.80
6.94
6.05
8.00

11395
11,184
9,769
9,993
11,713

11^25
,11.702
.10,060
10,231
11.873

11,760
12,193
10,375
10.354
12,065

12445
12.836
10.952
11,179
12,885

13395
13,288
11,724
11,849
13,709

14,101
13,832
12,409
12485
14489

95
94
82
84
98

89
87
78
79
92

37
46
45
28

Rocky Mountain

78,612
40,570
9,549
7.985
15,051
5.457

82306
42,417
9,924
8,482
15,925
5,557

90,952
85^01
43,892 > 46,885
10.410 i * 11.263
9,131
8,711
18,017
16,757
5,657
5,430

97,088
49,622
12,423
10,039
19,204
5,800

104367
53,034
13342
10,617
20,787
6387

5.81
5.50
7.24
5.87
6.67
2.87

739
6.88
9.00
5.76
8.24
8.39

10,966
12,642
9,605
9,709
9,160
10,919

11,430
13,100
10,020
10,423
9.576
11,211

11323
13,460
10367
10,819
9,984
11.382

12,626
14370
11,425
11,410
10.663
12,161

13,421
15.148
12,493
12454
11,258
12,654

14394
16,060
13,389
13384
12,020
13,903

92
106
81
82
77
92

90
101
84
84
76
87

457,633
361,967
11,675
29,017
54,973

488,180
387,009
12,558
30,193
58,419

520,646
413,088
13,886
31,807
61,866

568431
450,848
15,577
35347
66,860

612366
483,413
17,655
38380
73,019

661,528
520356
19,741
41,654
79,777

7.65
7.53
11.08
7.50
7.73

8.03
7.64
11.82
8.81
9.26

13377
13,688
12375
10,856
12.492

13,860
14,278
12,805
11,250
13,118

14,447
14,870
13467
11,774
13,649

15397
15,837
14,487
12,856
14,408

16,161
16,545
15,522
13,718
15.384

16,984
17371
16,129
14459
16350

112
115
103
91
105

107
109
101
92
102

9
15
30

8,509
12,606

8,499
13,527

8,313
14,348

8,990
15388

9,841
16,979

10,460
19,040

4.22
8.60

6.29
12.14

15,977
12,123

15,613
12,860

15,412
13,433

16485
14,434

17,985
15412

18,974
17,102

134
102

119
108

4
10

171,147
483,247
489,032
199,964
453,840
138,778
289,053
139,949
467,072

183,152
513,874
516,948
210.715
490,929
148.448
297,629
148,301
497.647

224,085
600.921
585,508
233.237
583,136
172,265
323,561
168,237
577,533

240,013
643,103
625,498
250399
629350
183,389
345,068
180305
621,532

248,999
683,877
661,342
266,124
672320
195,608
371359
193.786
671,288

7.79
7.19
6.22
5.88
8.18
7.11
5.14
6.73
7.52

13.432
13,014
11,806
11,490
11,300
9369
10,998
10,983
133U

14.270
13,798
12,469
12.114
12,012
9,888
11,208
11,449
13,886

15442
14,624
13,015
12447
12,729
10,517
11.402
11.892
14,456

17,124
16,023
14,032
13.301
13.778
11.402
12^24
12,645
15.412

18.208
17,115
14,938
14,225
14,638
12,116
12.994
13.373
16,187

18,832
18,174
15,718
15,044
15,358
12.871
13,875
14,125
17,042

113
109
99
97
95
78
92
92
112

118
114
99
95
97
81
87
89
107

Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin

....

..............

Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
'.
West Virginia

...

Idaho
Utah
Wyoming
Far West
California
Nevada
Oregon
Alaska
Hawaii

.

..........
........

1
24
3
5
17
27
.......
7
2
6
14

...„.„

38
39

48
35

13

Census Divisions
New England
Middle Atlantic
East North Central
West North Central
!..
South Atlantic
East South Central
West South Central
Mountain .«*..»...*..............ft..................

201,320
546,284
541,367
218,700
529,855
158,515
302.412
156343
529,421

1. Per capita disposable personal income was computed using midyear population estimates provided by the
Bureau of the Census in August 1991. The 1985-89 population estimates have been adjusted to reflect both




3.74
6.34
5.73
6.32
6.79
6.66
7.62
7.36
8.01

::::::::

::::::::

the 1980 and 1990 Census of Population counts for April 1; the 1990 midyear (July 1) estimates reflect the
1990 Census of Population count plus 3 months of estimated population change.

32

SURVEY OF CURRENT BUSINESS

August 1991
Table 3.—Personal Income by Major Source
[Millions

United States"
Item

1988

Massachusetts

Maine

Connecticut

New England

1989

1988

1990

1990

1989

1988

19S8

1989

1990

4,058,796 4,376,369 4,662,698 263,170 281,866 292,778
4,010,478 4,318,465 4,603,787 262.353 280.991 291,906
873
876
817
58,911
57,904
48,318
244534 246 820 249 466 13 086 13,182 13 222
18J691 20,110 21383 22,143
17,731
16398

75,086
74,888
198
3 272
22,945

80,309
80,100
209
3 283
24^59

83,842 18,309 20,081 21,146 123,267 131,403 135,861
83.615 18,184 19,921 20,985 123,024 131,145 135,619
242
258
244
161
160
125
227
6,020
6,016
5,981
3 290 1,204 1 220 1,231
25,484 15,207 16,460 17,175 20,610 21,844 22,569

„.

2,998,358 3.186,107 3378,897 194,377 203,536 208,669
193 3g2 212,117 225 368 12 057 13066 13,470
3>44
-581
3^806
3,366
-587
-619
2,804,395 2,973,403 3,152,910 185.687 193,913 199,005
666,458 765,847 811,058 44,497 51,499 53,252
587,943 637.119 698,730 32.986 36,455 40,521

54,952
3,593
2,711
54,070
13,310
7,705

57,568
3 877
2,745
56,436
15,375
8,498

59,435 13,085 14,134 14,696
751
862
837
4,025
49
76
72
581411 12,410 13,370 13,883
15,923 2,966 3,484 3,667
9,509 2,933 3.227 3,596

93,882
5 668
-1,729
86,485
20,458
16.324

97.684
6,116
-1,975
89393
23,612
18,199

99,609
6,287
-1.961
91.361
24,325
20,174

Components of earnings:
^Vaces and salaries •*...*.........................................................................
Other tabor income
~
~
Proprietors* income * ...»
Farm
..
Nonfarm *

2.423.149 2,564.934 2,718.950 159,110 166,173 169.837
225,323 241.622 257,857 15,100 16,003 16.578
349,886 379.551 402,090 20,167 21,360 22,254
659
673
619
49 519
48 869
39 395
310J491 330,682 352371 19348 20,688 21395

45.419
4.515
5,018
150
4,868

47.490
4,792
5.287
158
5.129

48,902 10,193 10,951 11,346
5,002 1,069 1,182 1,244
5,531 1,823 2,000 2,105
108
109
75
173
5358 1,748 1,892 1.998

77338
7,007
9,337
196
9,141

80,452
7.376
9,856
209
9,647

81.784
7381
10,244
190
10,055

57,904
873
58,911
48,318
876
817
2.950.040 3,128,203 3,319,986 193360 202,660 207,796
2.484,858 2,630,346 2,785,431 170,160 177,433 181,176
1,296
1,304
1,300
20,247
18,815
17,809
855
885
860
17,126
15.906
14,849
441
419
440
3,121
2,909
2,960
348
387
412
35,889
32.708
32,214
7,739
7,030
7,026
226
203
21,476
19,423
19,312
226
10
19
2
2,800
2341
2,209
3,874
3.714
3.667
(D)
(D)
(D)
191,056 197.110 199,108 14,711 14,106 12,364
604,064 625.682 644,865 43,953 44,621 44,882
224,624 233,368 244.116 12.680 12,904 13,165
1,468
1389
1384
47,340
45.182
43.726
934
949
966
15,141
15.167
14.707
632
669
723
17,995
17,888
17,365
2,268
2,212
2,172
26,024
24,880
23,827
3,277
47,284
43,219
44,838
3314
3,197
2,188
2,061
1,908
50,259
47,109
44,908
114
8,970
8.857
112
9323
111
38
18
35
2310
2317
2,474
24,264
1,692
25,427
1,697
1,670
23,030
516
524
513
2613
2353
2311
379,440 392.314 400,749 31,273 31,717 31,717
844
897
949
19,938
19,719
19351
375
416
435
11,881
11,662
11,316
1,182
1,210
U35
30,716
30,165
28,938
3338
3365
3380
46.078
44.735
43.145
7,188
7385
7.197
78,907
76,643
73319
5,447
5,434
5359
56.931
55,996
54381
5,800
5,487
5,251
50,613
48,721
46,327
199
285
276
38,202
38,469
37,904
748
794
804
18.037
17,743
17303
4,886
4,743
4,710
38.898
38,154
36,779
1310
1300
1,476
10348
10307
10,077
201,633 210,688 224,300
9,881 10,329
9381
214
210
213
12.429
12,594
12,529
2375
2349
2,306
56,092
52,894
50,675
196
192
197
5,994
5393
5,417
47.932
1,887
1,782
40,251
2,049
43,881
3,063
2,973
2,998
57.836
53,964
53,085
2,433
2,269
2,086
44,017
41,762
39,676
194,147 208,016 216,206 12,857 13,677 13376
286,242 301.316 313.419 19306 20,284 19.935
220.818 224,743 238,015 16,233 16,338 17364
5,034
4,949
4,683
77,848
74305
71,469
149,349 150,238 160.167 11349 11,390 12,330
736.875 811,268 893,382 51,607 56,835 61,083
1339
1,365
1,261
26,690
24,848
23359
37.694
2,184
34,055
30,305
2,349
1.943
445
444
421
10,161
10,047
9327
9312 10,025
8,875
124,269 137,492 150,641
27.229
29332
32,009
1,808
1,695
1,878
777
783
721
14,258
13,344
12,211
1.142
1,047
973
24,493
21,681
19,921
322
299
278
13,084
11360
10312
218,228 239.906 267,719 15,403 17344 19,198
4,446
4,073
3.724
75,469
68380
62,996
4,794
4,471
4,094
35,421
32,879
30.263
2,162
1,976
1,741
25,009
22,182
19,647
96
113
1,055
106
1,165
959
1,474
1,762
29,372
1,626
31,657
27,010
9,652 10,162
8,775
118.351 132,543 144,903
168
145
132
3.009
2392
2.288
465,182 497.857 534355 23,400 25,227 26,620
4349
4,212
3,973
97,005 102,685 109,938
1,503
1,489
1,456
45363
44,821
43340
324.637 350,351 379,054 17,970 19326 20368

198
54,753
48.707
260
250
10
159

209
57,359
50,756
267
258
10
145

161
125
227
160
59,208 12,960 13.974 14335
52,215 10,779 11,588 11,976
220
208
210
268
75
71
65
258
146
137
144
10
19
20
20
121

244
93,638
82,650
594
388
205
155

258
97,426
85,749
590
392
197
148

8

80

93
0
54
6,051
19.723
5,696
606
425
403
753
1,712
795
S3
0
740
178
14,028
148
168
418
1319
4,040
2,780
1,240
116
368
2.729
502
4,691
126
1,004
79
1,073
1,363
1,046
6,934
9,390
7,685
2,437
5,248
30338
683
982
171

242
99.367
87,186
567
358
209
140
1
86
0
53
5,244
19357
5,740
647
436
370
758
1,738
797
76
0
742
177
13,817
130
135
410
1316
3,799
2,794
1,270
36
349
2,862
518
4,910
131
982
82
1,178
1,419
1,119
6,942
9,149
8.089
2,451
5,638
32387
683
1,043
171

868
378
480
174
8399
2,260
2,769
1,051
72
792
5,634
65
11,676
1,989
489
9.198

882
369
520
179
9,454
2,478
2,974
1,104
76
860
5,938
82
12,182
2,157
505
9320

1988

1989

1990

1989

1990

Income by Place of Residence

1
2
2
4

5

Nonfarm personal income
Farm income (line 17) 2 „
Population (thousands)'
Per capita personal income (dollars) 4 ,...„
Derivation o f Total Personal Income

6
7

8
9
10
11

Earnings by place of work (line 12-16 or 17-85)
Less' Personal contributions for social insurance^
Plus: Adjustment for residence*
„
„
Et/udls: Net earnings by place of residence
Plus: Dividends, interest, and rent7
Plus: Transfer payments*

_
. .

.....

Earnings by Place of Work

12
13
14
15
16

Earnings by Industry

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
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79

80
81
82
83
84
85

Farm
Nonfarm ................... ...

Private

„„„..".„..„

10

Agricultural services, forestry, fisheries, and other
Agricultural services
—
Forestry, fisheries, and other 10

.....

Mining ....—..-............-..„.„„„.„„..„„..„....„
Oil and gas extraction ».......«,.,.....«.........»„......«......„»
Metal mining
.„.
Nonmerallic minerals, except fuels
Construction . . ....
„..
Manufacturing .„,„„.„„.„
.„..„„....„..„....„„..
.....
.
Nondurable goods
«
• ood 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 products . .....
......
. .. ............ .
Rubber and miscellaneous plastics products .......................
Leather and leather products
Durable goods «......................................
„.,„
Lumber and wood products
Furniture and fixtures
Primary metal industries ................
r f l u n c s t c o OTCIAI p r o d u c t s

•»•••••»»*••••*•*•**••••••••-»•»•••••••••*+•-••••»»•

Machinery and computer equipment .....
Electronic equipment, except computer equipment
„..
Transportation equipment excluding motor vehicles
Motor vehicles and equipment ............................................
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 "
Communications
_„........»......»........„..
Electric, gas, and sanitary services
Wholesale trade
Retail trade ..........
..„.,.
Finance, insurance, and real estate ..«.
Depository and nondepository credit institutions
Other finance, insurance, and real estate
Services
Hotels and other lodging places .............
Personal services ........«.»«...._.....„.„
.................................
Private households ....... .„.„„..„„.„....„.„...„
Auto repair, services, and parking
Miscellaneous repair services

............

/ V n n i s c n r o c n t flno r s c r c f l t t o n s e t v i c e s

•••»»>>*«••**••*»+*********»»******•*»»»

Motion pictures .......... ,„„
„
.„.„„.„_
Health services
Legal services .
„..
.
Educational services ._..^».
Social services
Museums, botanical, zoological gardens
..
....
Membership organizations
Engineering and management services13
Miscellaneous services
,
Government and government enterprises ......................................
Federal, civilian
„
Military
State and local

See footnotes at end of table.




l

(°)

4,069
13,754
3380
393
90
166
402
876
1,013
17
34
378
11
10,374
120
100
492
1.449
1.842
1382
3,289
110
181
1,140
270
2,813
35
614
73
494
980
616
3,739
5,150
5,782
1349
4,433
12,982
219
540
131
2,152
400
206
276
74
4,114
92S
799
396
17
421
2.265
44
6,047
798
378
4,871

(D)

8

3,916
13.899
3.425
391
77
140
400
898
1,076
18
385
10.475
104
96
463
1,427
1,916
1363
3,419
HI
176
1,119
282
2,991
34
629
68
542
1,048
670
4,004
5.400
5.908
1,488
4,419
14,224
223
600
138
2,283
427
218
304
76
4,650
1,002
855
457
20
465
2,453
54
6,603
836
386
5,382

69

<)
°
<>
°
3,409
14,250
3.628
410
76
140
428
906
1,191

(P)

38
393
(D)
10,622
94
92
443
1,403
1,932
1315
3,659
104
156
1,148
275
3,076
34
647
67
588
1,032
709
3,945
5,350
6,393
1350
4,843
15,404
202
650
138
2,408
461
213
350
81
5,219
1.084
901
529
22
501
2385
58
6,993
916
399
5.678

o

14
1
4
1,226
2,883
1,480
154
124
48
696
130
27
8
0
88
206
1,403
378
27
17
78
167
238
403
7
43
23
21
686

(°)

263
17

163
156
703
1337
652
222
431
2,861
113
147
48
282
131
55
55
12
1.090
206
129
111
3
95
376
7
2,181
550
251
1,380

(D)

14
(D)
5
1,258
3,023
1345
153
124

14
(D)
5
1,167
3,079
1374
166
120

735
139

754
143

(D)

(D)

95
208
1,478
375
29
18
87
169
230
474
8
43
27
18
727
(D)
287
17

91
203
1305
360
31
19
89
163
229
518

160
171
761
1,656
688
239
449
3,248
121
175
51
333
149
58
63
13
1,227
232
144
130

173
188
769
1.667
738
249
488
3.544
121
192
52
374
157
60
66
16
1,348
258
154
147
4
115
472
8
2359
627
251
1,680

106
437
7
2386
600
255
1331

(°)

9
41

31
16
774
(D)

304
19

o

92
0
62
6.441
19,558
5,636
607
423
427
764
1,675
706
84
0
762
188
13,922
159
185
419
1,341
3,970
2,927
1,206
112
381
2,707
516
4,645
128
1.010
80
1,035
1,426
965
6355
9.129
7,756
2,371
5384
27.818
599
878
162
5,239
827
345
459
159
7,650
2,062
2326
939
68
719
5,120
65
10,988
1,893
481
8,614

o

< 773
Jii IJ

33

SURVEY OF CURRENT BUSINESS

August 1991
and Earnings by Industry1, 1988-90
of dollars]
New Hampshire

Rhode Island

Mideast

Vermont

1988

1989

1990

1988

1989

1990

1988

1989

1990

21,034
20.967
67
1,083
19.427

22346
22.490
57
1,105
20.413

23,147
23,089
58
1,111
20,827

16,875
16,827
48
997
16,934

18,092
18,046
46
1,001
18,080

18,894
18,855
39
1,005
18,802

8,598
8,462
135
550
15,637

9,434
9388
146
558
16,916

14.327
794
2,013
15,545
3,403
2,086

14.893
860
2.290
16,322
'3.937
2387

15.035
869
2,413
16379
4,042
2326

11,896
883
212
11326
2,871
2,779

12345
965
198
11,778
3,339
2,975

12,932
1.000
190
12,122
3,474
3398

6336
368
82
5,950
1.490
1.158

11,282
1,122
1,922
52
1,870

11,720
1,160
2,013
41
1.971

11,774
1,191
2,070
42
2,028

9,799
925
1,173
42
1,130

10,317
991
1337
40
1,196

10,607
1,033
1392
33
1359

4,878
463
895
104
791

57
58
14,977
14,836
13,158
13,128
78
80
71
74
7
7
29
34
.„„..„„.„
„„,
16
17
0
0
14
17
1,167
1,411
3,614
3.631
984
988
87
89
92
93

48
11,848
10,058
114
42
72
18

46
12,499
10386
113
46
67
17

67
14,260
12,721
77
70
7
37
..

8

1,551
3333
976
87
88
29
192
218
44
2
0
249
67
2,557
158
35
152
191
921
391
36
2
76
541
54
621
(D)
184
5

(°)
191
162
844
1,751
921
297
623
3,386
126
174
30
618
169
49
89
15
986
203
230
116
3
95
476
6
1339
251
112
1,176

199
216
(D)
2
0
253
68
2,626
143
31
150
199
947
421
37
2
74
566
55
633
7
180
5
78
180
182
890
1,801
905
309
596
3,762
122
198
32
688
181
54
98
17
1,124
221
250
130
3
105
531
8
1,708
276
116
1316

222

(P)

3
0
247
63
2.647
130
32
151
207
976
444
40
0
73
539
56
670
7
182
5
81
188
207
884
1,749
914
298
616
4,035
113
216
33
739
184
56
99
18
1349
241
274
145
3
113
546
9
1,820
294
94
1,432

12
5
821
2,806
886
71
225
36
52
193
100
2
0
169
39
1,920
30
41
134
218
172
170
224
43
44
245
599
488
(D)
121
18

(°)

155
111
668
1346
805
324
481
3,092
49
130
25
427
103
44
63
9
1.092
237
284
131
4
107
382
6
1,790
330
209
1351




1989

Maryland

District of Columbia

Delaware

Line
1990

1988

1989

1990

1988

1989

1990

1988

1989

9,889 829,612 891398 944,731
9,743 827,099 888,104 941.482
3349
3,194
2313
146
565 43,442 43385 43,703
19,097 20,450 21,617
17311

11,600
11,420
181
648
17,910

12,693
12,480
213
658
19383

13397
13306
192
669
20,022

13381
13381

13,600
13.600

13,980
13.980

631
21,064

624
21,788

601
23343

90,736
90392
444
4,659
19,477

98331
97,737
494
4,727
20.779

104,631
104,133
498
4,802
21,789

2
3
4
5

6,713
412
113
6,414
1,752
1369

6,961 617.137 651331 686,754
426 43358 46,938 49344
114 -7359 -8,379 -4,040
6.650 566320 596314 628.169
1.821 140,696 161,841 170,643
1,418 122396 133342 145,919

9,474
990
-271
8,213
1,911
1,476

10349
1,113
-365
8,872
2359
1363

10,919 24338 25,960 27.482
1,929
1,830
1,699
1,189
-403 -13,995 -15304 -16,840
8,713
8,626
8.644
9,327
2377
2382
2,025
2382
2,890
2,691
2,612
1,689

60356
3,872
9,048
65332
13,775
11,429

64379
4346
9,625
69.958
16,016
12357

68.410
4,495
10.303
74318
16.980
13.433

6
7
8
9
10
11

5343
502
968
115
853

5,424 508,745 535,784 564323
526 44388 47,140 49,852
1,012 64,003 68,607 72380
2,555
2326
1,856
114
898 62,147 66,081 70,024

7,685
807
982
162
820

8,385
902
1,062
195
867

8.862
957
1,099
173
926

21,610 23.007
1,650
1,468
1304
1360
.....
"
1360 " 1304

50310
4,158
5,688
371
5318

53.954
4307
6,117
421
5,697

57.123
4,800
6,487
422
6,065

12
13
14
15
16

3,194
146
2313
6,816 614,624 648337
5,794 518,459 544,711
2,721
2375
48
2,159
2 020
47
562
554
1
2,425
2346
23
911
934
995
928
8
49
0
46
435
15
474
37,937 38,948
.561
1325 107306 109.613
359 48.355 49331
7,804
7355
90
1,664
1,630
10
4,874
17
4,887
69
4,019
4,133
11,783 11,919
118
13,426
12,968
23
1,628
1371
1
D
144
130
( )
30
3381
3361
558
552
(°) 59,151 60,082
1,166
1.605
1376
101
1381
1,383
43
6,125
5.786
24
6,668
6,616
94
11,819
11,779
135
9340
9306
505
3,402
3,418
94
3328
3.112
5
3,744
3,646
82
10369
10,079
65
2.601
2349
17
373 40329 41378
1,881
1,868
12
8,973
8366
129
1368
1323
5
8,662
8.042
48
12,719
13,033
89
7,875
7,496
90
366 41,963 44.033
740 52,430 55,044
360 63,644 64,441
19,779
150 18.797
210 44.847 44,662
1,799 169,731 186,109
4,921
4,647
167
5,958
5385
93
1.938
1,845
26
192 30,100 32,612
5,099
4,779
81
2345
2311
32
4,821
4,468
35
2311
2.065
19
594 46,736 51.794
19,167
17,456
107
10394
9370
152
6,411
5,617
58
312
287
4
6,891
6397
45
190 27,663 30353
682
604
4
1.022 96.164 103,626
177 24,905 26.412
4.135
4,012
29
73,078
816 67348

181
9393
8,071
33
31
2
17
.....
14

213
10,136
8,827
35
33
2
19

192
10,727
9325
38
37
2
19

444
59,912
47309
359
301
57
120
28
62
0
31
5,436
6,656
2,707
661

494
64.085
50,413
382
330
52
125
29
65
0
30
5,664
6,909
2,825
690
25

498
67,912
53315
405
350
55
139
32
63
0
44
5,714
7331
3,021
743
23

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
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85

135
39
146
6366
6,101
12,892
5,626
5346
10,847
45
45
115
44
44
46
1
1
69
23
24
16
...
...
....
....
9
11
12
0
4 "
5
14
637
603
816
833
15
1,419
2,839
2.873
1,488
345
322
880
906
80
73
67
71
12
16
200
217
17
27
31
16
66
59
56
69
113
105
187
198
21
19
104
101
6
0
2
2
0
0
0
27
25
193
192
D
2
41
40
( )
1,143
1,097
1,960
1,967
99
103
29
29
45
48
43
47
24
20
135
138
104
104
229
230
135
126
183
178
466
452
160
175
101
93
219
216
4
2
44
44
86
79
48
48
64
54
241
237
16
16
627
626
490
526
350
329
12
11
(°)
122
112
131
127
4
4
18
18
(D)
46
43
(°)
81
83
162
141
85
76
120
116
724
671
349
365
738
692
1381
1399
331
317
870
822
140
121
336
335
192
197
533
487
3,714
1,467
3,416
1,648
163
154
53
53
85
73
155
144
26
24
26
26
175
157
538
474
72
66
114
111
28
21
46
46
35
30
71
68
10
9
9
9
532
470
1335
1314
100
89
278
258
141
126
339
312
51
48
178
156
3
3
4
4
41
37
129
117
181
155
432
416
4
4
8
7
941
855
2,045
1,913
162
151
378
350
27
26
225
216
752
678
1,442
1347

8

19S8

1990

3349
683.505
571,870
2,857
2364
593
2366
1,010
986
56
514
38,109
111,452
51,602
7,891
1,614
4,829
4325
12,423
14376
1,761
153
3375
556
59,850
1376
1369
6338
6,677
11,865
9.162
3301
3,172
3,737
10305
2348
43.959
1,870
9.434
1331
9334
13,459
8331
45,403
56327
67,925
20,903
47,022
203372
5324
6331
1,940
34,933
5302
2,462
5337
2,462
57.871
21,042
11,148
7319
344
7,440
33,153
764
111,635
28392
4314
79,028

8

857
2.859
2323
173

§

68
1,731

0
96
0
(D)
17
30
56
37
5
314
23
106
3
500
(D)

144
35
49
88
401
825
734
446
288
1,845
38
68
35
301
80
3
C
1
fill
154
70
66
14
73
231
3
1323
176
127
920

,.,„„„

15

15

864
3,166
2,408

870
3355
2307

(°)

17

26

76
71
1,871
62
0

77
71
1,953
63
0

'"2435

14,060
213
7
206
18
(D)
17

8

(°)
748
25
16
45
63

8 8

6
401
23
119
4
546
52

5
371
25
13;

°2

522
17
5
0
0
119

(°)
2
2
3
21

(°)
15
*
7
e

3
1,152

l

rt>

29
4

{°]
91

<°)
101

(°)
718

433
882
795
488
306
2,082
42
80
37
346
90
34
50
8
699
183
72
76
12
79
270
;
1309
185
131
993

476
937
891
552
340
2381
43
92
38
388
96
37
5i
77:
198
73
88
13
85
287
i

1,40
20
134
1,066

t

1369

(°)
17

(°>
18

8 8 8

467
684
566
19
0

558
52
151

S

#i>

"25.960 "277482
14,994 15,961
236
224
8
7
229
217
19
19

492
694
566

(°)
0

{

758
28
16
43
62

24383
1,731
1369

(D)

(°1

346
901
1386
512
874
8,891
324
90
108
841
63
20
64
44
1,160
2,185
766
221
8
1.157
1.794
46
10378
7,913
560
1,805

2
526
17
5
3

o
127
3
2
3
4

(°)
(°)
IS

516
747
597

167
269
830
481

£

0
215

(

c

15C

£

1!

6
8
3
3
1,173
94
27

1,143
98
26

(°

0*

t

720
(D!
34^
938
1,416
539
877
9,695
357
93
111
904
67
20
76
48
1372
2,402
830
244
i

1354
1,959
52
10,967
8,444
589
1,933

(D)

1
1
2
558
18
4

i

373
937
1,489
578
912
10300
372
98
108
947
80
20
77
52
1,415
2.630
905
270
10
1349
2,115
53
1132
8.896
61
2.006

(°)
(°)

3,949
97
68
450
276
618
621
345
224
253
936
61
3,657
211
888
129
482
1342
705
3389
6,739
4,047
1310
2,736
16,707
337
616
236
3,679
551
288
382
83
4,493
1.045
706
397
•
555
339
40
12,60
5.005
1,10
6.49

SI
882
<°)
4,083
97
68
503
284
609
621
337
257
266
979
64
3,947
199
922

297
923
550
38
0
251
(D)
4310
103
74
532
307
633
588
337
227
272
1,060
76
4,131
196
966

(°!
(D
1384
762
3.799
7,156
4344
1.417
2,827
18,187
364
686
252
3,937
5S8
311
415
89
5.005
1,104
756
466
1
604
3358
43
13,672
5390
1,140
7,14

1,425
817
3,849
7381
4326
1320
3,006
19,939
397
754
254
433
645
340
449
90
5.65
130
810
54
1*
65
3.84
5
14,69
5,72
1,18
7,78

496
35
0
226

8

SURVEY OF CURRENT BUSINESS

34

August 1991
Table 3.—Personal Income by Major Source
[Millions

Item

Line

1988

1989

1990

1988

1989

1990

1988

1989

Illinois

Great Lakes

Pennsylvania

New York

New Jersey

1990

1988

1989

1990

1988

1989

1990

Income by Place of Residence
Total personal income (lines 6-11)

171081 182,882 192,893 348,183 374,692 397,602 194431 209O00 222028 682422 733,643 775337 204441 220389 233,661
170.969 182,545 192464 347,494 373,766 396,614 193,642 207,976 220,985 677.757 725,747 768,048 203,307 218,382 231.797
1,864
2,007
1,234
7,289
7,895
4.765
1,223
888
987
1043
689
926
329
337
312
7.726
7,735 17,944 17,983 18,002 11,847 11,866 11,893 41,727 41,873 42,076 11,392 11,410 11,443
7.713
22,205 23,671 24,936 19,404 20.836 22,086 16.420 17,630 18,686 16,357 17,521 18.427 17,955 19,316 20,419

..

2
Farm income (line 17)*
3
4 Population (thousands)'
5 Per capita personal income (dollars)*
Derivation of Total Personal Income
Earnings by place of work (line 12-16 or 17-55)
Less: Personal contributions for social insurance5 . .
Plus! Adjustment for residence*

6
7
8
9
10
11

Plus: Dividends, interest, and rent^
Plus: Transfer payments'

12
13
14
15
16

Components of earnings:
Wages and salaries
Other labor income
Proprietors' income'
Farm 9
Nonfarm

115.711 121.706 127,452 269,398 282,447 297.490 137,860 146,490 155,001 505,006 535.437 563485 153,057 162,079 171,529
9,515 10,451 11,017 33.884 37,003 39,058 10,164 11,058 11,745
8,734
9,198 19,124 20,564 21,717
8.058
8
66
3
2,463
2,463
2,096
137
157
3
15,407 15.750 16,844 -17,551 -18,042 -19,082
123,060 128,723 135,098 232,723 243,840 256,691 128348 136,195 144,122 473017 500,897 526,991 142,897 151,086 159,792
29,601 33.509 35.196 60,858 70,583 74,427 32427 37,192 39,281 108055 124,780 131,075 34.705 40,511 42,632
18.621 20,650 22,599 54,602 60069 66,484 33.656 35,813 38,824 101.050 107.965 117,271 26,939 28,792 31037

..........
..

Earnings by Place of Work

«.

...

..

..

_

95,947 100,891 105490 222.155 232,170 244060 110,833 117376 124,104 413,373 435.337 458073 123,826 130,341 138,014
9,529 17,957 18,851 19,963 11.295 12,101 12.871 41,367 44,043 46,906 11,879 12,651 13433
9,128
8.703
11,061 11,687 12,333 29.286 31.425 33067 15,727 17,012 18.026 50,267 56.057 58,406 17,353 19,088 19.982
1,610
1,762
989
6,178
6.824
3,693
982
973
646
721
669
433
257
269
244
10,817 11,418 12,076 28,853 30,757 32446 15,080 16,039 17,044 46474 49034 52028 16,364 17325 18372

Earnings by Industry
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
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85

Farm..
......
.. .........
...........
..........
Nonfarm
..„
Private
10
Agricultural services, forestry, fisheries, and other
Agricultural services
Forestry, fisheries, and other10
_
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 and allied products
Printing and publishing .....
..
....
Chemicals and allied products .............................................
Petroleum and coal products
Tobacco products
Rubber and miscellaneous plastics products
Leather and leather products
Durable goods
Lumber and wood products
Furniture and fixtures
*n^Rary metal industries ...••......**...........«.**..**.*.«.«...........*«..«
Fabricated metal products
Machinery and computer equipment
-.._
........
Electronic equipment, except computer equipment
Transportation equipment excluding motor vehicles ..
Motor vehicles and equipment ......................................
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 "
Communications
Electric, gas, and sanitary services
..........
Wholesale trade
Retail trade
.«...,......„....„....„....„„..„„
Finance, insurance, and real estate ...
Depository and nondepo&itoty credit institutions
........
Other finance, insurance, and real estate *^
Services
„
—.
«..„„
Hotels and other lodging places ..............................................
Personal services
Private households ...................................................................
Business services
«
Auto repair, services, and parking
„..........„.....„,
Miscellaneous repair services
„
Amusement and recreation services
.•..„...„.....
Motion pictures .....................•*...«...........—......—.....«.....«......
Health services . .
........ .„..„„„..
„....„
Legal services
«
Educational services .Social services
.
«
Museums, botanical, zoological gardens
—
„
Membership organizations
13
Engineering and management services
—
Miscellaneous services
.................................
Government and government enterprises ......
Federal, civilian
Military' .
,„........„
„...
State and local
..««»..

See footnotes at end of table.




1.864
1034
2,007
7,289
7.895
4,765
1043
689
1,223
888
987
926
312
329
337
115,399 121,369 127,123 268.709 281.521 296403 136,972 145067 153,759 500,241 527,542 556,296 151,823 160,072 169.666
100 174 104 990 109 363 229 226 238 665 250,249 119 620 126 823 133,757 435,469 458.932 482,997 132,906 140,173 143,493
770
643
2.358
699
2,167
624
672
2,008
938
579
986
896
496
520
517
749
679
622
2,314
2,128
1.963
651
605
557
738
704
668
481
479
456
21
20
21
44
39
45
21
19
22
248
234
228
39
38
40
1,087
1,055
1,052
3,036
2,904
2,869
1,513
1,381
1,366
641
639
594
236
244
231
597
588
586
1075
1001
1.190
971
877
901
6
4
4
(D)
(D)
(D)
295
277
275
995
957
968
320
309
294
435
448
405
136
141
137
1
1
150
154
137
3
2
2
45
35
40
(D)
(°)
194
189
190
616
592
574
219
193
169
155
152
145
94
97
89
9,738 10,114
9.213
9422 28,183 29,693 30,754
9,615
9,250
7,426 14,021 14,392 14,061
7,921
7,904
146,230 150,975 154,178 32.469 33,375 34.797
23,480 23,697 23,871 41,203 41,596 42,192 32,623 33451 34,155
12,857 13018 13,805 17412 17469 18,083 12,490 12,944 13488 42,661 44,257 46,478 12470 12,847 13.754
3309
3,040
3,053
9,481
9.002
8,900
2,636
2493
2,458
2422
2409
2.494
1,774
1,813
1,750
74
376
350
88
70
608
357
596
628
617
573
595
396
386
376
313
313
310
1066
1061
2,708
2,676
2,681
727
749
767
ion 1,633 1,640 1429
1,134
1,035
1,025
5,750
5,393
5051
1406
1,441
1,407
1,413
1,421
1,347
930
919
920
3.651
3429
3,443
9,351
8,918
8,468
2,467
2303
2,215
6,253
6,040
6,110
2,151
2,097
2,039
2,645
2423
9,928
9057
8,806
2,895
3,047
2,766
5,434
2,646
2,879
2,607
6,129
2,659
5,670
546
502
517
1,421
1,374
1362
690
612
602
318
315
303
648
599
567
(D)
14
8
12
15
9
16
26
26
25
122
107
95
' 5
8
1,696
1499
1417
8,168
7,894
7.452
1019
1,147
1,070
1,041
987
962
961
907
918
D
108
105
95
458
421
418
189
182
176
255
278
279
84
70
( )
10,623 10,479 10,066 23,691 24,026 24,109 20,133 20,607 20468 103469 106,718 107,700 19,899 20428 21,043
354
334
308
2430
2.472
2,420
831
825
797
458
461
441
154
191
211
464
468
461
2,900
2,802
2,646
509
526
514
524
528
526
243
242
257
2034
2026
2,163
3,965 11,759 12.169 12061
3,892
3,679
1,002
989
927
691
695
698
3416
3,436
3,632
2,881 15432 15,783 15,886
2,860
2,822
2,000
2,020
2,003
1,424
1,439
1.457
6.007
5,924
5,616
3,986 21,447 22459 22.981
3,920
3,750
5051
5044
5,359
1,949
1,989
1,992
3,739
3439
3401
2^614 10,669 10,859 11,034
2,751
2,685
3,692
3450
3473
2,157
2041
2058
518
541
505
4413
4,490
4394
1400
1411
1,448
1092
1358
1.412
147
173
193
1342
1316
1,128
650 25.646 25,993 25,626
698
910
1,644
1089
272
345
370
700
671
686
3,800
3,692
3,602
1483
1493
1447
1,138
1,113
1,061
712
742
755
1,483
1,410
1031
4079
4,097
3,683
1,324
1.306
1069
5.909
6,039
5,917
1,776
1,823
1,846
685
663
668
1,890
1,800
1,772
724
725
712
1,199
1004
1,183
540
600
586
9,168
9065
9,588 10,355 32,317 33090 35041 11,485 11,759 12,464
9,420 16,734 16,857 18,351
9,118
2.246
2098
918
754
901
737
672
643
107
109
2.365
681
882
763
3,184
3,035
2,961
2,861 10.021 10,312 10.895
2,693
2448
2,786
2.600
2402
2,637
2478
2,455
99
94
93
354
348
321
201
185
184
473
420
432
510
500
539
3.143
2,911
2,744
6,156
5,626
5,185
1,856
1,414
1,294
5,156
4,859
4487
1,730
1,651
2,779
2,667
2,705
7,815
7,397
7,332
2,069
2,070
1,950
6,168
5,377
5,811
3,010
3,072
3025
2376
2,152
2,063
7.775
7308
7,093
2,631
2,473
2379
3,088
2,929
2,758
1,428
1,356
1320
9,439 33.039 35,625 36,852 12,191 13058 ^13428
10,316 10,996 11,479 18.706 19085 19,788
9.170
8.603
10,685 11,054 11,192 20,166 21.108 21,462 13,114 13,907 14,419 45.935 48,314 50,304 13.638 14098 14,625
9,830 31485 32,146 34475 13,824 13,919 14.831
9,059
8,875
9027 40382 40O40 41.962
8,688
8O20
4046
4,063
3,902
3039 10,135 10,630 11011
3.111
2.996
2462 11018 11,704 12,452
2419
2314
9,856 10485
9,922
6491 21.450 21417 23364
5,948
5,879
6,664 29,164 28435 29410
6,169
5.906
29,672 32,607 35.993 76424 83,610 90,807 36,091 39,928 43,852 113,303 123,816 135,699 38,391 42,072 46,277
766
749
699
2000
2,104
1,965
810
775
719
1499
1442
1415
2,003
1.841
1,714
1,603
6325
5,715
5.103
1,890
1,698
1401
2416
2,323
2,137
1,182
1,078
972
1,802
1,995
305
303
290
998
992
948
293
292
278
1,003
1,003
955
244
244
233
7,938
5.885 19,165 21.191 23,102
5.478
4,932
8027 13481 14481 15054
7367
6,766
9420
8.728
1,614
1,424
1329
4,960
4,488
4,156
1,697
1452
1,449
1,869
1,743
1,653
1,115
1,059
982
724
669
594
2,184
2.041
1,850
616
569
534
941
881
838
510
531
500
879
762
712
3,084
2,720
2456
964
873
794
3,030
2,721
2423
762
685
657
1,043
902
784
166
150
137
1,958
1,841
1,642
188
176
151
502
363
412
9,960 19,603 21,660 24055 12,993 14326 15,813 37067 40,131 44413 10,248 10,993 12079
8,832
7,859
3,405
2,784
8.879
1,997
3,077
2,187
2,419
9445 10.371
9091 10,214 11.188
3.817
4410
1,831
1J2T
1,603
4,802
4402
4003
3,153
2,833
2,625
5,226
4,855
4411
981
948
892
4 017
3 592
3003
1428
1360
1003
4059
3 615
3168
726
649
563
946
1 150
41
45
230
212
8
38
253
9
170
10
'185
'205
' 96
* 8T
82
5,718
5097
4,871
1,463
1353
1042
2,809
2,615
2,398
1,078
987
872
2,087
1,918
1,745
5,974 17,843 20,033 21,741
5,416
4,738
6,445 12,213 13,461 14,485
5,889
5,395
7,862
7,149
6096
158
143
126
436
379
341
149
134
122
363
326
283
144
125
110
15026 16,379 17,761 39,483 42,856 46053 17352 18,443 20,002 64,772 68 610 73300 18,917 19,89$ 21,173
2,539
4,787 10.239 10.808 11.622
4.234
5,727
2,698
4.435
5,260
5.037
2,954
3,*869
3^412
3476
1,044
2448
2,456
742
681
717
1,034
1.010
923
603
583
581
1,006
2,615
1,033
12.106 13,099 14003 33423 36485 39,492 12,400 13327 14,473 52,078 55055 59,064 14,499 15091 16,261

(°)

(°)

35

SURVEY OF CURRENT BUSINESS

August 1991
and Earnings by Industry l , 1988-90—Continued
of dollars]
Indiana

Michigan

1988

1989

1990

82,238
81,636
602
5.493
14,973

88,808
87,525
1,284
5424
16.078

60,888
3,639
1,017
58,266
12,492
11.480

Plains

Wisconsin

Ohio

1988

1989

1990

1988

1989

1990

93,805
92,601
1,204
5454
16,890

152,271
151412
760
9,219
16417

163,269
162,061
1,208
9,253
17,644

171,003
169,975
1.029
9314
18360

168,756
167,903
853
10,800
15,625

180,197
179.002
1.195
10.829
16.640

65,297
4,008
1,049
62338
14,259
12,211

68,735
4,222
1.102
65,614
14,964
13,228

112.864
7,671
787
105,981
22,997
23,293

119420
8386
887
112,021
26,622
24,626

124.107
8,727
913
116,293
27,845
26,865

124.434
8,803
-866
114,766
25,923
28,067

49,723
5,074
6,091
442
5.648

52,675
5401
7,121
1.128
5,993

55,473
5,861
7,400
1.043
6357

93,368
10,294
9.203
563
8,640

98,469
10,922
10,129
1.008
9,121

102,135
11425
10,448
820
9,628

103.043
9,766
11,625
683
10,942

602
60.286
52.561
241
238
3
385
233
64
0
89
3,786
20,305
5,118
906
19
158
378
891
1.357
189
1
1.184
36
15,187
583
477
2,869
1,588
2,184
2.637
1,066
2386
528
602
267
4320
356
1,690
53
395
863
964
3.323
5,776
2,939
1,057
1,882
11,485
233
692
111
1470
5S4
235
262
56
4^72
702
481
342
13
505
1.101
26
7,725
1,360
330
6,035

1,284
64,014
55,733
263
260
3
401
242
69
0
90
4,026
21,218
5,414
907
21
168
394
956
1.446
229
1
1.256
36
15,804
604
• 512
3,103
1.642
2,266
2,704
1.028
2,441
554
667
282
4410
357
1,795
57
440
887
974
3476
6,115
3,056
1,126
1,929
12469
250
780
116
1.720
626
257
282
63
4.977
767
520
382
16
539
1,245
27
8,280
1,451
331
6,498

1,204
67430
58,627
286
283
3
452
289
70
0
93
4,137
21,625
5,703
937
21
170
435
1,021
1476
209
1
1,293
39
15,922
611
536
3.151
1,682
2303
2,604
1.037
2,406
582
720
291
4.721
351
1,911
62
479
899
1,019
3,773
6,413
3334
1,193
2,141
13,887
261
870
117
1,884
673
277
312
71
5489
848
554
429
19
580
1376
27
8.903
1,565
339
6,999

1988

1989

1990

190.720
189399
1321
10.859
17464

74,717
73,400
1,316
4,823
15,491

80,979
78,778
2,202
4,857
16,674

130,928
9482
-885
120,461
29,487
30,249

137,978
10,107
-969
126,902
30,974
32,844

53,762
3,608
1.154
51,308
12,137
1U71

108.066
10324
12438
1,024
11414

113,636
10,970
13372
1,144
12,228

1,208
760
1,029
1321
1.195
853
112,105 118312 123,079 123481 129,733 136,657
97.493 102,739 106,437 107422 112,723 118,495
528
492
456
433
404
377
526
491
454
424
396
366
2
1
2
10
8
11
889
835
847
468
483
462
388
370
371
0
0
0
322
304
323
249
250
248
23
14
13
116
131
115
157
146
140
102
101
99
7,170
6,919
6492
5.933
5,859
5.632
39.209 40468
40.413 37.871
38,989 39,773
12306
11,826
11,458
7,967
7,836
7,461
1,955
1,907
1.887
1,439
1,413
1370
126
118
116
, 45
46
52
267
653
767
773
263
271
1337
1,277
1552
795
761
736
2,168
2,062
1,954
1,290
1,245
1.118
2.914
2,736
2,616
2,087
1,997
1.905
520
496
489
128
129
149
0
0
2
0
0
0
2,942
2,888
2,787
1,436
1,408
1.294
80
75
83
93
70
63
32,732 32.447 26,413 27,163 27.468
31,748
503
507
506
397
394
380
386
386
381
1,209
1,151
1,074
4,322
4,218
4.121
1,848
1,931
1,947
4,417
4,450
4377
4.435
4.495
4,267
5,802
5.727
5,467
5,062
4,963
4,619
2,491
2.428
2,347
1,073
1,119
1,094
2,058
1.981
1,930
645
700
684
4,718
4,769
4.661
16,262
16406
16322
1463
14*8
1406
691
676
644
794
760
. 737
585
576
488
414
389
379
239
221
228
7,622
6,444
5.952
8,016
6,082
7373
538
551
568
349
360
373
2,604
2,485
2,457
1,716
1,649
1.630
130
133
114
45
45
43
904
1,169
947
813
1,058
739
1,942
1,853
1,764
1,493
1344
1363
1,898
1.786
1,730
1,672
1.625
1497
8,634
8303
6.495
7.866
7303
7,042
12,645
12,052
11463
11,011
10473
10,019
7,297
6,822
6,668
5,665
5,232
5,149
2445
2371
2,219
2,172
2,084
2,005
4,752
4,450
4,449
3.493
3,149
3,144
28,767 28.286 30,690 33441
24,199 26.497
465
442
422
453
426
387
1435
1397
1,257
1,224
1,106
992
274
273
260
198
197
188
4480
4.159
3.676
4,823
4,468
4.073
1,110
1,016
949
1,058
966
880
469
437
404
509
486
443
886
795
763
652
583
535
119
104
89
306
284
242
12,180
11,064
10335
9,483
8.600
7,970
2536
2,062
1,944
1,932
1,798
1,706
UI0
1,124
1,082
703
667
615
982
877
803
830
718
57
52
48
2118
1,273
1,191
1,111
1.135 • 1,224
1,040
6,031
5496
5,052
5.154
4,848
4316
132
102
91
91
84
75
16,641
18,162
17.010
15472
14,612
16,059
3,216
3,001
2,812
2,021
1,896
1,816
599
574
525
388
378
368
14346
13,435
12.722
14,232
13,298
12,428




> IS

1988

1989

Iowa

Kansas
jnc

1988

1989

1990

1988

1989

1990

86,147 272.008 294,110 313,132
84,276 262,879 283,093 300,817
1.1.017 12315
9.129
1,871
17495
17436
17,690
4.906
17,701
16,715
15412
17460

41,087
39,015
2,072
2,769
14,839

44,856
42599
2456
2,771
16,190

47,870
45,037
2,833
2.780
17518

39392
37,794
1499
2,462
15,998

41,916
40,750
1,166
2,473
16,950

45.050
43337
1.712
2,480
18,162

1
2
3
4
3

57,613
3,968
1,346
54,991
13,901
12.087

61.236 200495 213,862 227,635
14,860 15.782
4,256 13419
1.409 -1,954 -1,898 -2.U0
58,389 185,122 197,104 209.743
14,659 47,415 54,428 57558
13,098 39,472 42478 46.131

28,888
1.893
325
27320
7434
6534

31543
2,116
396
29,523
8455
6,778

33.418
2555
401
31464
8,987
7319

27.763
1,814
969
26,918
7,010
5,464

28,679
1,979
1,176
27,876
8,097
5,943

31,004
2,110
1533
30,127
8,491
6,431

6
7
8
9
10
11

43,413
4,354
5,995
1,015
4,980

45,786
4,645
7,182
1.902
5580

49,015
5,018
7,204
1462
5,642

21513
2£43
5,632
1,825
3,807

22,621
2529
6393
2317
4,077

24,103
2396
6.919
2485
4334

21,052
2,036
4,675
1,440
3535

22,092
2,153
4,434
1,006
3,428

23.472
2,308
5524
1445
3.679

12
13
14
15
16

1316
52,446
44,987
291
283
8
123
0
58
7
57
2,960
16,378
6,055
1,683
97
121
1,860
1,062
405
18
0
670
139
10323
641
252
659
1,668
3461
1,090
209
1,148
238
625
231
3,186
150
1,283
18
361
636
739
3,164
4,939
3.005
952
2,053
10,941
224
559
98
1,908
414
173
284
34
4,143
710
422
395
8
470
1,078
22
7,459
838
226
6395

2,202
55,412
47463
310
303
7
131
0
58
7
66
3,152
16,825
6335
1,734
94
126
1,925
1,127
433
17
0
743
135
10,491
634
285
690
1,760
3,679
1,070
239
960
243
685
244
3317
129
1348
19
404
646
771
3,445
5,276
3,118
985
2,132
11,988
237
629
104
2,117
456
192
298
39
4,497
768
463
448
9
514
1,195
23
7,848
884
232
6,732

1,871
12315
11.017
9,129
59365 191,466 202,845 215320
50,944 161520 170,805 181,046
1313
1518
1,150
341
1587
1,193
1,121
332
26
25
29
9
1415
1359
1319
140
148
133
140
664
574
568
59
405
370
324
10
297
282
286
71
12,101
11,781
11.605
3399
17469 40,850 42.653 44577
18,056
17505
6,749 16,198
6,041
5,825
5450
1,842
85
89
96
so
586
575
558
131
2,436
2344
2,195
2,049
4,069
3.756
3454
1521
2,450
2377
2,145
455
342
320
17 i 305
1
0
0
0 '•'
1,723
1,606
1,475
801
328
317
326
138
10,820 24.652 25,448 26521
1,169
1,141
1553
664
737
691
623
305
1,160
1,112
1,106
705
3,456
3,071
2,953
1.836
6,804
6,731
6470
3.807
2,787
3,011
2,899
1,128
3,996
3,803
3,424
255
2,145
2501
2551
899
1,081
1.022
991
263
2596
2,124
2,054
698
591
541
528
260
18,006
17,121
16527
3496
2,064
2,090
2,033
126
5,434
5.106
4,897
1.480
118
113
134
19
3.196
2,732
3,068
460
4,090
3,789
3464
701
3,103
2,955
2,868
810
15,941
14,422
3,614
15316
19,148 20,046 20,875
5,611
14.197
13,179
12,839
3,448
4,632
4.402
4519
1,055
9464
8.777
8,620
2393
13527 43,659 48,133 52.821
1,048
997
953
255
3,141
2,833
2415
700
457
456
432
105
8.652
7,945
7,113
2595
2366
2,165
2,037
505
1,038
947
865
206
1514
1,089
1,032
355
371
330
302
45
18446
16,737
15513
4,981
3,764
3.427
3,160
845
2,198
2,003
1,853
504
1.812
1.610
1,432
522
61
53
48
10
1,932
1.796
1.669
554
6,105
5,650
4,953
1318
115
97
82
28
30546 32,039 34575
8,421
6301
5.879
5,607
951
2391
2324
2549
244
22390 23.837 25483
7525

2,072
26,816
22.437
265
262
3
86

2,833
30485
25,638
302
300
2
88
3
29
0
55
1482
7.103
2,800
1324
10
83
156
531
237
11
0
433
17
4302
181
180
322
532
1.603
444
62
272
167
408
133
2,091
230
848
S
132
429
443
2,192
3,029
1,979
678
1301
7572
118
459
75
1540
332
152
125
40
2,620
561
337
25<

1499
26,164
21,449
148
146
2

0
55
1356
6,425
2,445
1,162
18
72
148
468
206
4
0
355
12
3.980
156
136
288
478
1438
407
48
280
152
371
127
1.908
220
762
7
118
410
390
1.974
2,684
1,752
606
1.147
5,987
108
363
71
1.021
278
119
104
25
2,152
470
292
190

2456
28,687
24,033
277
275
2
84
3
28
0
52
1.446
6,787
2,627
1550
9
80
148
491
220
6
0
408
15
4,160
167
163
307
509
1483
427
55
278
158
388
125
1.995
238
802
7
120
414
414
2,121
2,861
1,844
645
1.199
6,617
112
413
75
1.145
298
132
119
27
2371
507
314
219

1.712
29591
23,961
171
169
1
406
15
362
0
29
1481
5,695
2,080
687
6
53
150
496
288
135
0
263
3
3,615
74
36
84
285
614
214
1,695
271
200
104
37
2450
418
728
1
276
623
505
2.134
2,837
1,680
578
1,103
6,907
84
456
71
1543
310
217
112
26
2369
410
164
17!

228
556
*
4379
602
80
3,697

245
627
8
4,654
626
82
3,946

1,166
27413
22,490
159
158
1
334
11
297
0
26
1453
5,453
2,011
674
5
52
146
460
282
132
0
257
2
3.442
70
32
83
276
576
202
1499
272
189
107
36
2,404
425
695
1
243
558
482
2020
2i718
1492
579
1.013
6557
83
412
71
1,142
284
197
99
23
2.120
370
150
158
;

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
61
62
63
64
65
66
67
68
69
.70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85

155,664
14,658
30573
8,028
22545

164,477
15,795
33489
9.928
23,662

1990

174.432
16,872
36,330
11,183
25,147

8

i

i

26:
679
10
4,947
671
83
4,194

(°)
293

8

1483
5555
1,957
680
6
55
111
447
279
130
0
246
3
3598
75
29
88
288
554
191
1,449
305
186
96
38
2575
427
667
I
251
471
458
1,931
2,633
1.612
559
1,053
5.680
92
369
67
1,010
269
178
90
21
1,963
351
136
137
\
195
787
12
4,715
824
69
3500

20J

924
1:
5,024
870
703
3,450

22;
1,02
5330
92
729
3,680

SURVEY OF CURRENT BUSINESS

36

August 1991
Table 3.—Personal Income by Major Source
[Millions

Minnesota
Line

South Dakota

North Dakota

Nebraska

Missouri

1988

1989

1990

1988

1989

1990

1988

1989

1990

1988

1989

1990

1988

1989

1990

70,908
69,365
1343
4097
16,503

77334
74,888
2,447
4,338
17,827

82023
79,797
2,426
4,390
18,731

79,487
78362
925
5.082
15,639

85,163
84.012
1,152
5,096
16,712

89372
88386
986
5,127
17,472

23,956
21,793
2,163
1.572
15,242

25.772
23.640
2,132
1375
16,365

27,734
25,382
2,352
1380
17349

8,163
8,018
145
655
12,454

9,047
8,493
555
646
13,997

9,686
8,941
745
637
15015

9,015
8332
683
698
12,911

10,022
9,012
1,011
697
14,385

10,997
9,736
1060
696
15,797

54,420
3,901
-360
50,158
11,231
9319

58,680
4,288
-413
53,979
12,940
10,415

62077
4370
^35
57072
13,626
11325

59.451
3.821
-2373
53057
14069
11,961

62.863
4,167
-2357
56.138
16,422
12,603

65,767
4.366
-2,763
58,638
13,657

nan

18,134
1053
-335
16346
4,130
3,280

19,128
1385
-332
17,412
4,753
3,607

20,616
1,489
-361
18,766
5.046
3,923

5,690
419
-189
5,081
1389
1,492

6 325
456
-180
5,689
1,768
1,590

6.851
484
-196
6,170
1,810
1,705

6050
418
10
5,842
1,653
1320

6,944
469
12
6,487
1,894
1,642

7,702
508
12
7006
2,020
1,771

44088
4,148
5 983
1319
4,664

46.976
4,504
7,199
2223
4,977

49.975
4,815
7 487
2,194
5093

47.416
4365
7,470
778
6,693

49,891
4,886
8,086
1,009
7,077

52091
5.174
8,303
839
7,464

12,923
1,133
4,078
1,985
2,093

13.694
1.229
4,205
1,956
2049

14.718
1,324
4373
2,168
2,406

4,475
349
866
69
797

4,650
371
1,304
477
828

4,922
395
1334
664
870

4096
385
1,569
613
956

4353
423
1,968
941
1,027

4,951
460
2,290
1,188
1,103

2,426
925
59,851 58326
51,201 50,446
266
281
257
271
9
10
274
409
69
0
69
71
41
278
96
60
3,822
3,492
13,801 12,918
5,177
5,670
1,429
1350
11
46
325
57
398
1,653
1,123
1,429
1042
368
64
104
0
0
324
409
261
53
7.741
8,131
233
547
263
149
425
233
811
1033
888
3,055
1017
877
1,713
167
1328
219
316
264
392
1,197
154
190
5,457
4,355
435
324
1333
1,053
91
33
1 093
1 410
1,379
758
927
778
4094
4,479
5,735
5,673
3,889
4,180
1083
1,188
2.606
2,993
14331 13,792
336
307
673
873
143
87
2,454
2099
636
623
215
240
366
407
(D)
94
4,645
4,927
1,009
1,086
742
588
324
713
13
28
509
544
1335
1,668
46
8,080
8,650
1 190 2,118
504
157
5,459
7.304

1,152
61,711
53,197
279
272
7
273
59
70
50
94
3,772
13390
5355
1,452
12
328
449
1.192
1,433
64
0
382
242
8,035
235
269
417
873
947

986
64,781
55,683
296
290
6
290
68
72
53
96
3.746
13,881
5,734
1301
12
328
416
1082
1,465
70
0
415
245
8,147
251
284
440
1,184
969
889
1,988
1033
337
413
159
6.060
444
1,696
76
1,192
1,688
963
4,666
6,120
4063
1.424
2,839
16361
367
829
150
2,856
725
251
421
(D)
5,629

2,163
15,971
12,910
133
130
3
58

2,132
16,997
13,734
143
140
3
55
2
27
1
24
930
2,488
1033
695

2,352
18,263
14.734
156
153
3
60
4
29
2
26
977
2,623
1074
702
(D)
31
50
234
84

145
5345
4065
43
42
0
143
54
78
0
10
339
375
185
99
10
5
1
42
5
17
0
6
0
190
7
8
0
23
71
21
17
16
16
2
9
607
87
157
0
36
109
218
500
596
304
140
163
1,359
35
98
15
96
58
28
24
4
641
68
30
49
. 1
- 72
f
I42
1
U80
256
256
767

555
5,770
4,429
45
45
0
144
56
77
0
11
335
393
183
98
8
6
2
43
3
18

745
6,106
4,719
48
48
0
159
56
92
0
11
349
420
185
100
3
8
2
46
4
18

683
5,568
4,376
51
48
3
102

1,011
5,933
4,675
55
52
2
103
1
9
75
19
341
691
290
173

1,260
6,441
5,110
59
57
3
103
1
9
72
21
374
754
312
178

(°)
27

(°)
27

6
(D)
209
11
7
0
25
84
20
18
19
15
2
8
615
89
163
0
39
109
215
519
617
310
143
167
1,453
37
111
15
103
60
30
25
4
676
70
33
55

5

Income by Place of Residence
1 Total personal income (lines 6-11)........
„..„ . . . - ...........
Nonfarm personal income
2
Farm income (line 17) 2 ........... .........
......
3
4 Population (thousands) * .......................
5 Per capita personal income (dollars)*
Derivation of Total Personal Income
6
7
8
9
10
11

Earnings by place of work (line 12-16 or 17-85)
Less: Personal contributions for social insurance'
Plus: Adjustment for residence6
Equals: Net earnings by place of
residence
Plus: Dividends, interest, and rent 7
Plus: Transfer payments*
,

„.
„....

Earnings by Place or Work
12
13
14
15
16

Components of earnings:
Wages and salaries
Other labor income 9
Proprietors* income
Farm
..... „
Nonfarm9

„. ..
.........
......
......................................

..

Earnings by Industry
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
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85

Farm
Nonfarm
..«
..„
Private
.........
Agricultural services, forestry, fisheries, and other 10
Agricultural services
..„
Forestry, fisheries, and other 10
Mining
Coal mining
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 products
„
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 and computer equipment
Electronic equipment, except computer equipment
Transportation equipment excluding motor vehicles ..........
Motor vehicles and equipment
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 **
.
Communications
............
Electric, gas, and sanitary services
Wholesale trade
—
-..
Retail trade
........
.....
.......
........
Finance, insurance, and real estate
Depository and nondepository credit institutions
„
Other finance, insurance, and real estate 12
Services „
Hotels and other lodging places
.............................
Personal services
,
„-.„,.„„„.,
..........
Private households
»
Business services
Auto repair, services, and parking
Miscellaneous repair services
...„.
Amusement and recreation services
„-......
Motion pictures
•
Health services
.
, .„„„„„„.„„.,.
Legal services
Educational services
•• *
Social services
.
., .
..... ............
Museums, botanical, zoological gardens .„
Engineering and management services"
Miscellaneous services .....
„
Government and government enterprises .....................................
Federal civilian
Military
State and local
„

See footnotes at end of table.




2,447
1343
52,877 56,233
45,338 48048
259
244
251
235
9
9
365
324
0
0
66
61
243
211
56
51
3,405
3054
12,825 13052
5305
4,964
1,484
1348
47
41
51
49
1342
1*481
1,306
1023
352
331
98
86
0
0
378
364
47
40
7,946
7,861
560
690
147
137
228
237
1009
1,155
3,115
3,107
815
735
168
144
215
212
254
244
1.065
1,046
173
154
4,148
3,832
331
335
995
957
33
34
1 102 1 305
752
713
733
691
4308
4,058
5,476
5032
3,811
3,706
U15
1,074
2,697
2,632
11,862 13024
294
266
790
697
86
81
2,072
1,846
579
539
219
195
364
352
81
71
4,457
3,979
993
904
513
455
638
570
25
23
499
462
1,580
1,395
27
35
7.985
7340
1,093
1,030
150
147
6.742
6363

ion

1,908
1307
317
405
145
5,727
449
1390
72
1021
1,466
930
4372
5,960
3,968
1332
2,636
15,057
353
749
150
2,691
663
229
378

(°)
5.110
1,104
ITS
358
15
549
1,727
8314
2197
533
5.783

ion
837

396
17
586
1,868
9,099
2 350
544
6004

(°)
30
24
925
2,389
1.184
655
2
29
48
206
79
3
0
150
10
1005
42
46
59
167
305
281
48
83
60
99
14
1,662
510
579
1
99
391
83
1058
1,621
1035
378
857
3,627
67
226
39
577
193
96
71
14
1057
284
140
108
5
137
410
4
3,061
480
398
2,183

(°)
31
49
216
83
(°)

(p)

144
10
1055
44
69
66
146
333
271
50
82
64

155
11
1349
47
75
69
157
368
214

no
18
1,738
542
615
1
104
398
79
1338
1,722
1078
387
891
4,040
68
257
42
673
211
101
76
15
1,371
304
155
122
5
147
488
6
3063
510
408
2,345

• 54

97
72
119
18
1,797
544
676
1
107
386
83
1,458
1808
1357
401
957
4,496
73
288
42
766
233
105
84
16
1341
331
172
136
6
157
539
7
3330
543
421
2365

76
157
1
1341
268
264
809

3

12
9
0
28
90
23
25
20
16
3
9
638
87
172
0
42
113
224
542
647
326
146
180
1389
39
122
15
113
66
32
26
4
747
75
36
64
1
81
167
I
1,387
284
267
836

8

71
22
326
663
286
177
0
23
7
45
3
0
0
29
0
378
49
4
9
32
106
48
5
27
18
47
32
486
18
241
0
33
91
101
407
646
341
178
163
1,353
49
89
16
109
65
35
26

8
47
3

9
51
4

(D)

0
43

0
31
401
53
5
11
32
93
65
4
29
23
47
37
493
17
245
0
36
93
102
439
691
377
201
176
1,485
51
101
17
119
69
38
29

(°)
441
57
13
37
105
66
4
32
25
53
45
514
17
260
0
38
93
106
470
761
411
218
192
1,664
60
114
17
135
77
41
38

(D)

576
75
58
J3

1

631
80
61
60
2

128

147

1,191
296
173
722

1059
314
183
762

713
89
65
tn
o/
78
1

D2

1331
342
191
799

37

SURVEY OP CURRENT BUSINESS

August 1991
and Earnings by Industry \ 1988-90—Continued
of dollars]
Alabama

Southeast
1988

1989

1990

Georgia

Honda

Arkansas

1988

1989

1990

1938

1989

1990

1938

1989

1990

1988

Louisa

Kentucky

1989

1990

1938

1989

1990

1938

1989

1990

•inc

850,470
837,483
12.986
58,129
14,631

918045 982,140
904.108 968,643
13.493
14,137
58,734 59,465
16316
15,634

52,882
51,805
1,077
4,024
13.140

56,698
55380
1,118
4,030
14,068

60,776
59.650
1,126
4,046
15,021

29.180
27.618
1362
2343
12,454

31090
29372
1,718
2,346
13335

33389 204.828 225,361 241,713
31,765 202,194 222364 239054
2,459
2,797
2,635
1.625
13,045
12,638
12308
2.353
18330
16,642 17,832
14,188

97,183
95.857
1326
6,317
15384

104,107
102300
1.607
6,411
16039

110,836
109306
1,381
6304
17,049

47,913
46,959
955
3,681
13,013

51396
50354
1042
3,677
14,031

55351
54.156
1,195
3,690
15,001

54,157
53034
923
4089
12,626

56,820
56.059
762
4053
13360

61037
60,407
830
4011
14342

1
2
3
4
3

611,720
36,742
3.827
578,805
139,215
132,450

650,103
40301
4069
613.870
161017
143,158

690,936
42.937
4,758
652,757
172,042
157341

38,819
2,395
606
37.030
6,786
9,066

41,033
2,628
660
39,066
7,360
9,772

43,672
2,784
696
41383
8090
10,902

20,895
1341
-67
19087
4,285
5,609

22,163
1,693
-45
20,425
4,777
6,033

23,617
1,816
-58
21,744
5,060
6386

131313
7322
-131
123,860
48,695
32074

140,661
8,414
-129
132.118
57,398
35,845

150.022
8,905
-137
140,980
61019
39314

76,091
4.448
-147
71,496
13029
12,458

80087
4,824
-38
75,425
15080
13.402

85,021
5.133
-5
79,834
16050
14,753

34,348
2,037
241
32353
6,980
8381

36.653
2066
253
34,640
8,029
8,927

39035
2.414
242
37,063
8321
9.766

38,950
2,453
-264
36033
8.076
9,348

40,358
2.645
-253
37,460
9,118
10042

43361
2,347
-292
40,422
9,616

nooo

6
7
8
9
10
11

493.632
45.243
72.845
11,045
61,300

523,626 556,906
52,252
48,659
81,778
77,818
11.444
12.166
65.653 70,334

31,042
3,010
4,766
983
3,783

32,770
3047
5,016
1,022
3,995

34,900
3.499
5073
1,024
4049

15,488
1349
3,858
1,395
2,462

16330
1,655
4,177
1351
-5,627

17343
1,799
4076
1,451
2,824

106,411
9322
15.780
2,111
13,669

113.627
10,092
16,942
2054
14,688

121307
10,796
17,720
1,888
15.832

62080
5,760
8,051
1,174
6,877

65.445
6.101
8,740
1,451
7089

69313
6369
8,939
1017
7,721

26,777
2.742
4,829
789
4,039

28,344
2.941
5,369
1,076
4092

30,417
3,195
5,623
1.026
4397

30,603
3,112
5035
805
4.430

31,835
3022
5301
645
4,656

34342
3.434
5,736
709
5,026

12
13
14
15
16

12,986
14,137
13,493
598,733 635,966 677.443
491,921 521301 554378
4,113
3,806
3,601
3,606
3336
3.124
507
470
478
8,996
8016
8,205
4.178
3,746
3,733
3,452
3,174
3000
99
124
79
1,198
1,193
1042
42,063 43,087
41.433
118.646 123341 128,491
63,928
61,741
59,071
9,693
9012
8,937
11.496
11,498
11,082
6.302
6,310
6,062
7038
6.880
6,481
7,472
7,057
6,742
11,828
11,191
10,485
1391
1098
1,311
2099
2341
2.289
5,785
5332
5080
420
423
403
61,800 64363
59,574
6058
6,062
5,990
4090
4.172
4,108
5356
5,128
4,873
7036
6,873
6,425
10,823
10040
9317
10030
9,911
9377
7,347
6,985
7,033
4,479
4,175
4,086
4,082
4,033
3.959
3.022
2,817
2.621
1,439
1,403
1,387
44.969
46,715 49.851
2,829
2,873
2,949
12,981
12087
11,741
1,841
1,658
1362
9,670
8,946
8,535
12399
11066
10,876
10,131
9.686
9305
37,838
40,755 42,170
66,982 70.008
63.792
38339
363H
35.658
14,107
13340
12.956
24,432
22,971
22,702
137,773 152,911 169.122
5,646
5089
5.042
7,686
6.951
6,186
3043
3004
3,036
22,842 25,481
20,115
6331
5,830
5.420
3,087
2,812
2,571
4343
4.058
3383
815
738
636
54,172
43.110
43,482
12343
11353
10351
5382
4,960
4322
3,831
3363
2,973
166
151
135
5398
5031
4,827
30,051
27329
24046
547
490
449
106,813 114,465 123,066
26.487
24382
23,249
16,639
16,459
15.883
73,423 79,940
67,676

1,077
37.742
30077
162
124
38
499
363

1,118
39.915
32,026
173
136
37
519
362

1,126
42346
34,133
192
150
41
602
407

1362
19333
16,194
122
109
13
139
1
(D)
9

1.718
20.444
17,113
134
114
20
143

1,625
21,993
18399
145
125
20
159
(D)

2,459
2,797
2,635
128,878 137,864 147363
103,430 115,600 123,092
1,463
1366
1081
1324
1035
1,144
139
131
137
571
552
4
(D)
283
294
295
14
239
9,977
10.101
10.016
15,422
14,975
14351
5,702
5,457
5,197
uos 1079 1348
78
73
66
501
487
453
514
523
492
1,764
1,677
1,603
859
837
816
62
61
61
34
29
29
503
455
430
39
37
33
9,720
9318
9,355
545
579
593
290
239
292
180
166
160
894
879
895
1,481
1,459
1,456
1.923
1,842
1,767
2040
2011
2,183
187
164
146
666
693
683
1,091
1,017
960
223
218
221
8.817
9,657
8.918
318
323
323
1,929
1,915
1,794
460
393
376
2317
2,165
2066
2,635
2,466
2,499
1.798
1,656
1360
9,484
9,045
8366
18.010
17026
16025
11062
10,679
10.622
3,700
3,618
3,494
7363
7,060
7,128
38,043 42,721 47061
2053
2,114
1,967
1393
1,443
1088
817
797
745
5,499
4,711
6021
1348
1,451
1342
734
693
616
2,102
1.882
1,601
205
200
156
14,692
12,979
11,603
3323
3,493
3316
1.112
1.031
941
1,122
936
857
35
32
29
1373
1.424
1076
9020
8309
7,437
204
136
164
22064 24,471
20398
4007
3,803
3321
2,328
2.695
2323
17,435
15,766
14354

1,326
74,766
62,476
321
284
37
334
1
54
1
278
4,797
14,471
8,053
1342
2009
927
1,111
995
640
41
153
412
24
6,417
760
211
536
528
721
865
1,115
784
543
211
143
6,888
418
1337
64
1,867
1,801
1002
6,993
7383
5,113
1,679
3.434
15,977
568
621
350
2,704
665
254
312
109
4314
1338
571
286
<
518
3,094
65
12089
2.853
1.606
7,830

1,607
78,680
65,425
337
298
39
340
1
53

1381
83,641
69324
358
314
44
351
0
50
1
299
4,858
15,137
8,603
1.609
2398
906
1045
1,064
704
41
169
447
24
6329
782
209
572
569
799
1,005
1.048
589
535
269
152
7,830
388
1,640
67
2.119
2316
1099
7389
8,045
5334
1,800
3,734
19,623
620
779
375
3.46
750
284
397
145
5,600
1.614
682
359
13
589
3,880
76
14316
3085
1,665
9367

955
33393
27,682
210
203
3
1,497
1344
88
0
63
2,056
7,746
3042
520
118
410
250
461
526
234
246
446
31
4303
255
97
654
446
969
922
77
660
233
88
103
2371
312
815
67
338
447
592
1,743
3320
1,497
626
871
6,842
159
407
106
811
331
136
159
30
2,815
487
209
160

1042
35,412
29386
214
211
3
1,487
1340
84
1
62
2,146
8,146
3396
534
176
413
284
436
559
216
257
443
29
4,750
267
91
681
491
1,037
922
81
722
261
85
111
2,703
281
873
74
379
456
639
1,911
3,688
1354
658
896
7339
165
465
111
920
355
146
180
33
3,110
527
225
17

1,195
38,040
31370
225
222

923
38,028
31,449
206
137
69
2,188
10
2,082

762
830
39396 42.731
32,695 35081
219
203
152
142
67
66
2339
2,125
14
11
2051
2.047
10
8
64
60
2,885
2,615
6072
5.803
3,804
3355
482
470
71
60
142
133
527
502
263
252
1307
1,402
731
672
0
0
81
64
0
0
2,468
2053
308
294
15
15
101
92
418
373
370
307
220
218
676
618
138
133
142
133
25
21
56
47
3,444
3,663
190
189
739
682
734
669
470
447
614
584
916
872
2,422
2332
4,015
3,851
2,130
2,059
81
812
1048
131
10O53 1133
27
270
51
460
246
247
1,72
1340
346
310
25
219
19
ISO
40
3
3,88
3,43
135
103
45
426
209
18-

256
745
23
5,71
1.128
844
3J3

27'
82
25
6,025
100
85
3,96

66
2.171
9,314
4365
600
764
719
357
303
437
59
10
610
1
4,950
643
185
940
539
683
561
570
372
249
94
115
2,776
212
786
74
134
804
767
2,130
3375
1.792
716
1,075
7,857
143
330
196
906
315
141
111
27
2635
577
212
155
2
272
1,810
26
7,465
2,077
843
4345




&
73
2004
9,742
4363
637
814
743
916
318
460
(D)
605
(D)
5,179
652
196
962
621
756
542
611
373
244
91
132
2,897
204
834
(D)
(D)
850
789
2320
3,735
1,835
740
1,096
3,600
145
365
205
1,023
331
157
126
30
2.829
636
228
174
2
290
2,032
23
7.889
2.117
834
4,937

77
2,369
10,129
4,712
682
823
733
963
331
504

(°)
606
(D)
5,418
687
200
999
646
805
562
679
373
236
94
137
3,047
201
899
(D)

(°)

898
824
2,427
3,913
1,975
780
1,195
9,430
156
404
206
1,122
371
183
134
34
3,139
711
237
186
- 2
306
2058
30
8.413
2061
837
5315

1,158
4,963
2049
843
131
450
230
177
0
273
€8
2,714
452
177
236
366
415
479
135
124
107
142
79
1.830
218
723
8
93
355
432
1,038
2,127
964
366
598
3,853
96
244
71
531
219
81
70
15
1368
251
90
127
1
145
340
4
3.138
626
234
2028

(°)
(D)
32
1,159
5.174
2,392
893
<D>
137
456
234
202
(D)
0
307
72
2,782
466
177
258
395
424
457
143
134
109
148
72
1,972
243
782
10
103
380
454
1,116
2014
967
375
592
4034
98
277
74
595
234
83
76
16
1,733
273
99
141
1
153
371
i
3332
665
295
2,371

(°)
34
1300
5,455
2381
996
(D)

138
484
259
205

(°)

0
328
71
2,874
482
194
279
419
423
461
146
141
116
142
71
2,114
250
860
8
111
390
496
1,159
2346
1.009
379
631
4,711
102
313
74
675
258
103
83
18
1,950
300
103
153
1
161
411
6
3394
702
303
2384

(°)

3

£

286
4.675
14,692
8321
1375
2371
911
1,162
993
660
39
159
426
25
6372
770
213
546
552
764
948
990
666
538
238
147
7.059
396
1382
63
1,870
1,883
1059
7,473
7,850
5304
1.769
3335
17,696
591
710
370
3,033
708
260
345
126
4,973
1,446
628
319
1'
557
3358
59
13055
3,014
1,653
838

i

1,665
1,493
98
1
72
2.176
8,688
3357
567
180
413
309
513
605
211
266
460
32
5.131
236
90
713
532
1,195
911
87
829
285
92
111
2,839
273
975
86
435
472
643
2,009
3.894
1.667
694
973
8,358
174
515
11
1,003
386
15
19
39
333
57
23
20
29:
904
2
6,47
131
84
431

89
2,610
5306
3380
462
52
113
434
249
1093
666
0
57
]

2.127
293
13
97
318
273
228
578
134
127
21
44
3348
184
682
625
420
582
855
2032
3,78
2,099
827
1072
9.479
27
419
23
138
29
18
169
34
3,19
1006
399
17
34
U3
1
637
1.07
72
4,77

37
105
20
6,90
1.14
74
5,01

40!
1,405
1
7.450
1034
75
5,460

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
53
59
60
61
62
63
64
65
66
67
63
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
35

SURVEY OF CURRENT BUSINESS

38

August 1991
Table 3.—Personal Income by Major Source
[Millions

North Carolina13

Mississippi
Item

Line

South Carolina15

Virginia

Tennessee
1988

1989

1990

1988

1989

1990

1988

1989

1990

93,307 101,440 108396
91,635 99.453 106040
2,156
1,987
1,672
6.565
6.482
6,653
14,396 15,450 16093

45,120
44,700
420
3,413
13022

48,344
47,836
508
3,457
13,985

53.006
52.626
380
3,498
15,151

68,109
67,401
708
4,823
14,121

72,912
72,161
751
4,854
15,020

77340 106,690 115346 122015
76,851 106,070 114,804 121,483
732
742
620
689
6013
6,120
6,038
4.887
15.866 17,670 18.879 19,671

77.878
4.972
-361
72344
15,037
13,858

82.612
5052
-380
76,979
16,094
15,322

34,000
2,037
613
32376
5,755
6,789

36.494
2071
602
34,825
6,009
7,510

39009
2.445
623
37387
7091
8,328

52,094
3060
-780
48,054
9.128
10,927

55011
3379
-825
50.807
10,724
11381

58,349
3.777
-917
53,655
11075
12,611

77.111
4,382
3,742
76,471
16,684
13,536

82,706
4,830
4.003
81,879
19,156
14312

86.737
5,055
4340
86022
20,172
15,821

59016
5023
8324
1,426
6,898

63,101
5,650
9,126
1,739
7388

66,735
6.067
9.810
1,899
7,911

28,038
2310
3,452
340
3,112

30.149
2,743
3,602
427
3,176

32337
2,990
3.882
296
3385

41385
3,924
6385
599
5.986

43,984
4,242
6,985
641
6,344

46322
4345
7082
576
6,706

64,721
5351
7.039
491
6348

69^66
5,833
7,606
614
6,992

72390
6,154
7,993
599
7,394

1,672
71,091
59098
408
348
60
211
0
61
2
148
4.972
20354
11,692
1,108
4049
1,101
763
679
1,612
27
1,185
905
62
8,861
822
1,685
347
690
1,943
1361
150
601
530
391
142
4,887
186
1,683
29
825
997
1,167
4,498
7384
3.427
1385
2,042
12,957
344
774
391
2,089
613
324
277
62
3,931
741
828
355
13
410
1,768
36
11,794
1394
2,103
8JO97

1,987
75,890
63,145
427
371
56
215
0
58
2
155
5,035
21,495
12,152
1,129
4,360
1,193
787
734
1,773
28
1,161
924
62
9343
825
1,678
375
730
2,188
1,631
142
639
575
413
147
5,185
186
1,721
32
984
1,041
1020
4,889
7,837
3395
1.492
2,104
14,467
369
874
414
2337
672
349
312
68
4,416
826
925
414
15
431
2,005
39
12,746
1,665
2012
8,868

2,156
80,456
66,790
469
408
61
233
1
57
10
165
5008
22,062
12O70
1,170
4329
1,154
827
781
1,912
27
1,055
954
63
9,792
883
1,713
410
797
2353
1,666
121
661
610
426
150
5,478
182
1,784
40
1,130
1,096
1047
5,021
8,165
3,883
1,629
2053
16070
392
983
418
2,625
747
389
359
86
5,095
926
1,015
ATI
18
455
2,241
44
13,666
1,815
2,081
9,770

508
420
33,580 35,987
26,767 28,635
183
176
130 . 135
48
46
81
78
1
26
9
(°)
45
51
2,491
2,402
9,274
9,810
5,941
6084
331
325
2015
2043
579
558
632
588
260
237
1344
1313
14

380
38,829
31,045
204
153
51
84
1
25
11
48
2,933
10,181
6,438
336
2007
566
659
296
1,613
16

751
708
51,386 54,460
43.647 46,427
232
218
221
207
11
12
263
258
77
79
50
51
45
40
92
89
3365
3090
12,757 13,490
6,403
6,045
1.043
1,020
428
419
856
825
704
643
848
789
1,493
1,408
38
35
41
42
805
724
146
141
7,087
6,711
484
477
507
470
562
541
1022
1,138
1,126
1.047
996
922
432
440
753
678
442
454
290
261
279
277
3,989
3,739
283
290
1,476
1,401
37
1.013
775
742
261
255
3307 . 3,727
5,614
5,410
2,851
2314
1,013
988
1.838
1,825
11,654 12,894
467
438
754
673
213
203
1,785
1382
532
497
217
229
347
316
63
55
4,446
4,903
694
631
439
473
195
168
13
i •»
408
1379
1383
1,800
20
15
7,740
8.033
2,023
2,109
358
369
5,641
5073

689
57,660
49,027
253
243
10
280
79
53
54
94
3063
14,065
6.704
1,093
421
880
743
910
1,616
40
47
815
139
7361
490
528
581
1091
1,099
961
432
942
446
309
281
4056
278
1363

742
620
732
76,491 81,964 86,005
58,088 62,144 64,950
411
376
351
368
335
307
43
41
44
767
706
717
534
583
523
80
83
82
5
4
3
98
96
98
6,170
6,482
6,221
11,661 12,070 12,569
6,115
5,969
5,751
785
793
848
783
806
776
380
380
358
612
585
538
1,020
997
941
1,192
1007
1,196
29
25
24
707
675
611
517
503
490
24
22
14
6,102
5,911
6,454
646
633
623
434
427
433
476
458
419
592
564
541
680
629
575
1315
1000
1,176
1,130
1,128
ion
292
284
294
394
391
395
328
298
245
79
92
83
5,362
5,640
5,695
374
382
403
1.011
1,124
1,073
167
145
129
1026
1.301
1,041
1 671 1 775 2,022
921
964 -. '967
4,076
4,458
4332
7,652
7,176
7,936
4,492
4065
4,781
1.611
1,742
1,870
2.654
2,750
2,912
18059 20,269 22,090
. 592
641
*618
788
891
987
350
371
376
4,045
4382
4,953
597
649
70C
295
323
300
323
397
345
105
116
118
4363
5,674
5.069
1 VJt
1,019
1 146
463
*515
575
384
495
429
56
51
61
814
747
858
3,894
4,604
4,322
43
50
46
18,403 19,819 21,055
5,886
6,367
6,756
A«
4,926
4,803
7,881
9373
8,650

1988

1989

1990

1988

29,180
28.146
1,034
2381
11,307

31,089
30,244
844
2,574
12,077

33.009
32,182
827
2374
12.823

20,486
19.853
3,600
5,727

21,463
1,342
617
20,739
4,146
6003

22.622
1,413
686
21,895
4,366
6,748

72,763
4304
-312
67,947
12,740
12,619

15365
1306
3,414
896
2318

16,467
1,637
3,359
707
2,652

17,360
1,762
3,501
687
2,814

1.034
19,451
15,501
101
82
19
182

844
20,619
16,352
109
90
19
179
0
167
0
12
1,022
5.319
2,060
446
126
436
299
155
247
100
0
243
7
3059
590
473
113
349
381
520
444
123
140
49
77
1,476
68
530
59
107
311
401
1,056
2,114
978
447
531
4,097
80
188
135
367
183
113
44
13
1396
327
129
95
2
127
889
10
4067
825
515
2,927

827
21,795
17,350
119
94
25
196
0
182
0
14
1,080
5,616
2,190
477
131
445
331
160
250
116
0
276
6
3,425
618
512
117
• 349
378
537
515
115
147
57
79
1347
67
554
61
113
322
430
1,098
2016
1,014
448
565
4,464
82
209
135
408
202
104
48
15
1358
357
139
106
2
126
960
11
4,445
869
496
3,081

1989

1990

Income by Place of Residence

4
i

Total personal income (tines 6—H)
Nonfarm personal income
......
„
Farm income (line 17) 2
Population (thousands)' .......................
,,.
Per capita personal income (dollars)* ........................ „.

........
...........

Derivation of Total Personal Income
Earnings by place of work (line 12-16 or 17-85)
.............
Less: Personal contributions for social insurance5
i Pius: Adjustment for residence * .....................................................
Equals: Net earnings by place of residence .....................
.....,.„„.
1 Plus: Dividends, interest, and rent' .„„ »..«.............._„„,.„«„..........,
C
11 Plus: Transfer payments*
(

ion
579

Earnings by Place of Work
Components of earnings;
12
Wages and salaries ....
._
......
...
Other labor income
«».....,.....«..«..«..»..»«..
13
Proprie tors* income *
........................*,
14
15
Nonfarm9
„
16
Earnings by Industry
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
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85

Farm
.......
...............
Nonfarm
.„.......„„„„„..„ .....................
Private
,....«..„„......„«......„..„.... „.... ,
„..„
Agricultural services, forestry, fisheries, and other10 ....
Agricultural services ............................... ............................
10
Forestry, fisheries, and other
J.Z
» „"
Mining
......... ....
Coal mining .....,..............*......................,...„....
Oil and gas extraction ..........—...............„.....„...„..................„
Metal mining
.........................................
Nonraetallic minerals, except fuels
„„...
.......... ....
Construction
..,„...„„....
„..„........„...„..
Manufacturing .........
......... ........
....
Nondurable goods ........I................. ............. ........................
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 products
„.„„.„..„„.,..
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 and computer equipment .„
...
Electronic equipment, except computer equipment
Transportation equipment excluding motor vehicles ......
Motor vehicles and equipment „
„
...
Stone, clay, and glass products ............................. ......
Instruments and related products I........................................
Miscellaneous manufacturing industries ......
......
Transportation and public utilities ....
_
Railroad transportation
-„„
.....
Trucking and warehousing
„.......„„...........,,
Water transportation
Other transportation'
......................
Communications
............. ............
Electric, gas, and sanitary services ««»....«»»««..»,.„..»....«„..
Wholesale trade
...............
Retail trade
Finance, insurance, and real estate
Depository and nondepository credit institutions .„.-«Other finance, insurance, ana real estate "
«»«..........»..»
Services
.
.
Hotels and other lodging places ......... .............................
Personal services .......................................... „„„.,..„»,........„„..
Private households .................... ...—..,_.„...... ..............
Business services
„.,_...........—.........-.....,....
Auto repair, services, and parking
Miscellaneous repair services
Amusement and recreation services
-......„„.
.....
Motion pictures »«
....„„„„.
..„„
Health services ... ,,.
....
.........
Legal services
...
„.„..« ........
.... .. ....
Educational services
Social services..
...........
...
........
Museums, botanical, zoological gardens ...
.........
Membership organizations . .
...........
..
.......
Engineering and management services li
Miscellaneous services .„..«..«..«-..
„..
Government and government enterprises
......
Federal, civilian .... .....
.......................
..................
Militarv
State and local .............
............. ......
„„...,........

See footnotes at end of table.




169
0
(D)
973
5,130
1,968
428
123
425
276
147
237
99
0
228
5
3,162
557
446
106
315
365
510
480
119
140
43
82
1,426
70
491
57
99
295
415
986
2,032
946
427
518
3,725
80
171
129
323
170
96
42
12
1071
300
113
92
2
122
791
10
3,950
781
522
2,647

•8

.8

653
3
3333
363
85
273
416
916
512
122
153
288
131
75
2,062
128
541
68
209
439
676
1333
3325
1363
587
976
6,155
281
299
201
788
276
150
137
23
1372
464
195
146
4
204
1374
41
6,813
1,130
1 392
4.291

(D)

(°)

702

737

3325
356
85
293
456
1,003
556
120
162
291
124
79
2,150
128
538
67
241
484
692
1,653
3,706
1,643
621
1,022
6,918
267
335
213
894
300
178
152
26
1,750
505
216
167
4
218
1,646
47
7351
1045
1,433
4,673

3,743
365
92
317
483
1,068
586
124
195
287
146
79
2,317
125
607
67
274
530
715
1,776
4X128
1,720
660
1.060
7,801
311
373
216
1,021
340
220
183
32
1,988
567
228
199
5
232
1,837
51
7,784
1,255
1,469
5,060

(°)

(D)

282
3,863
5.895
2,970
1.069
1,902
14 181
532
812
215
1,973
565
247
380
71
5,439
764
528
225
15
434
1,958
22
8.633
2041
376
6,017

39

SURVEY OF CURRENT BUSINESS

August 1991
and Earnings by Industry *, 1988-90—Continued
of dollars]
West Virginia
1989

1990

21.919
21,863
56
1.830
11,975

23,041
22,981
60
1,807
12,754

14,650
953
-253
13,444
3.259
5017

1988

New Mexicc>

Arizona

Southwest

1988

Oklahoma

Rocky Mountain

Texts

1989

1990

104,689
102406
2.182
7004
14433

113,147
110,164
2.982
7034
15.641

121482
118,415
3,167
7095
16,668

1
2
3
4
3

198,692 214.976
13,033
12,028
-528
-490
186.174 201.415
42,943 45419
38,151
34,441

77,669
4.802
63
72.936
16.854
14,900

83.141
5075
83
77.949
19326
15,872

89383
5.697
86
83.773
20457
17053

6
7
8
9
10
tl

168,693
17,138
29,145
4052
24,893

61081
5,411
10,977
1,708
9069

64.870
5.842
12.428
2419
9.909

69.719
6,310
13354
2,688
10,666

12
13
14
15
16

1989

1990

1988

1989

1990

1988

1989

1990

24,622 359,765 385,141 414,328
24,529 354,067 378,685 407.127
7000
6,456
5.698
93
1,790 24,863 25,083 25.402
16.311
15355
14.470
13.755

52060
51467
694
3436
14,781

55,652
54,914
739
3,622
15364

58,946
58328
618
3,681
16,012

18,919
18,608
311
1.491
12,693

20040
19.835
405
1404
13.458

21,677
21080
396
1420
14065

42,983
41,815
1.167
3.168
13470

45,691
44347
1.344
3.150
14404

48,620 245,602 263458 285,085
47000 242,076 259490 280319
4,766
3.968
3426
1.420
17,055
16.807
16,669
3.146
16.716
15.682
14,734
15.457

15.194
1,037
-216
13,942
3.682
5,418

16.276 268418 284,103
17,694
16,138
1,094
-242
-261
-238
14,944 252,119 266,167
3,887 57,664 64,334
54,640
5.790 49,981

305349
19.026
-252
286,071
68,048
60008

37.470
2,322
-107
35.042
9,412
7,807

39348
2445
-106
36,698
10,412
8443

41047
2,673
-104
38.469
11.059
9,417

13472
910
18
12.681
2,996
3043

14.361
991
23
13.394
3338
3409

15363
1,060
29
14331
3,499
3.847

30,105
1,949
318
28,474
6,833
7,676

31,701
2,130
331
29.902
7,642
8,148

33,764
2059
351
31,856
7,971
8,794

187370
10,957
-•90
175,923
38,424
31055

11,904
1032
1414
35
1,478

12306
1095
1494
39
1455

13.140
1393
1,744
72
1,672

213318 224364 240,651
22,022 23,768
20375
40,930
34.825 37,717
6,341
5,632
4,888
29,936 32,085 34489

31,062
2,636
3,773
532
3040

32430
2,801
4,018
573
3,445

34,175
2,980
4,091
445
3,646

10,978
977
1,617
248
1,369

11408
1,047
1,807
341
1,466

12342
1,120
1.900
329
1472

22,903
2008
4,994
1,067
3,928

23,946
2352
5,403
1044
4,159

25,442
2429
5,794
1315
4,479

148,375
14454
24,441
3,041
21,400

156380
15,822
26,490
3,474
23.016

56
14494
12,061
45
43
2
1449
1,396
126
0
26
772
2,718
1,188
88

60
15,135
12452
48
47
1
1488
1,426
132
1
28
768
2 820
1,190
84

(°)
44
28
103
823
15

694
36,777
30O55
299
289
10
571
52
49
452
18
2.884
6,006
1,054
226
7
67
73
419
134

739
38.609
31,653
310
302
8
558
53
48
438
19
2,727
6,088
1,104
239
12
73
60
433
143

618
40,629
33029
336
327
9
607
56
45
486
19
2.656
6040
1.142
251
15
73
61
438
150
5

405
13,956
10,129
64
62
2
536
98
283
78
78
897
1,109
284
78
16
28
3
82
18
41
0
11

396
14,966
10.851
67
65
2
620

(°)

5,698
6,456
93
7000
16,183 262,820 277,647 298,149
13.417 217,102 228,991 246,385
1,675
1439
1,493
54
1461
1,432
1385
53
113
106
108
2
12308
10,937
10,875
1,765
402
371
367
1492
10,975
9,699
9,629
144
607
552
554
2
324
316
325
28
18007
17493
17456
868
2.896 42073 43,892 46,303
17,184
16.309
15,899
1047
3095
3,152
3,063
89
131
131
122
(°) 1,001 1,066 1,068
45
1,061
994
964
25
2,801
2,636
2.601
112
4,771
4458
4,482
859
2012
2,052
2,074
19

1,167
28,938
23.011
134
130
4
1,716
27
1,641
2
46
1,491
4,695
1497
323
20
105
104
249
107
344

1344
30357
24,090
139
136
3
1,719
25
1,651
2
42
1415
4,837
1461
323
18
105
110
256
108
275

12

340

825
55
11
55
25
91
175
117
66
59
133
39
1,059
96
250
0
110
231
371
611
1.487
605
265
340
3.761
131
158
53
570
149
55
74
17
942
243
77
87
2
180
996
25
3,828
942
482
2,404

874
56
11
58
27
86
204
121
75
60
131
46
1,110
94
272
0
121
231
392
639
1480
635
269
366
4.140
144
174
54
651
162
59
81
18
1.044
261
84
104

3,098
76
44
141
432
900
298
326
379
297
107
100
2332
98
559
3
582
531
558
1.673
3,041
1463
626
937
6365
113
382
104
1,118
354
116
117
26
2,02C
623
171
167
4
274
760
17
5,927
1,467
787
3.673

3,167
2.982
2,182
4,766
3,968
1,420
3426
86016
80.158
75,487
32344 183.844 194,724 210010
69,759
60,670 64,651
25,738 154018 163,119 176467
545
501
478
1,121
1,026
998
151
510
470
445
1,023
933
906
147
35
31
33
98
93
92
4
2,933
2.644
2490
9,154
8.123
8,056
1.928
650
603
578
205
194
187
32
1373
1,192
1049
8,733
7,718
7.653
1,851
595
554
475
36
34
24
3
315
295
288
180
177
193
43
5.070
4,775
4,658
13.064
12,455
12087
1496
12,032
11326
5,113
12,673
33.780
31,858
30452
4021
3,933
3,769
14,068
13361
12,985
1,679
1440
1.470
1,437
2,610
2412
2,439
351
14
U
10
82
84
79
17
152
148
136
868
860
804
99
264
233
214
868
821
785
129
1,027
957
906
2.009
1.865
1,856
266
708
619
587
4,486
4089
4024
117
183
180
168
1,864
1,732
1,686
306
0
264
1/174
289
270
994
1,153
Ml
388
lii
46
117
126
8,453
8,099
3,434
7458
17467
18,497
19.713
1,017
987
925
762
733
767
79
152
139
131
358
331
328
53
415
394
352
1.078
999
966
161
618
580
529
2,455
2016
2,059
555
1.960
1.791
1,820
4009
3.766
3422
1,032
1.047
1,175
929
4,024
3,813
3478
290
1,459
1,405
1339
3399
3342
3,125
352
143
124
110
507
519
547
368
458
438
418
1.059
1.040
1,038
296
928
828
777
1363
1048
1,173
152
257
237
227
499
490
466
97
7,035
6,709
16,164
14,868
13,867
2,688
7415
686
688
649
869
882
849
100
1.835
1.691
1496
3383
3.148
3,022
561
i
6
441
413
402
3
1402
1391
1,307
4,145
3,666
3082
852
2,054
1,910
1,862
3.925
3429
3372
560
1,431
1349
1091
3,401
3030
2,940
610
5,166
4,454
4,858
14,824
13.987
13,172
1,807
8,619
8.0S2
7,630
20,472
19317
18434
3O02
4,977
4,738
4,713
13,993
13.413
13049
1,639
1,669
1,636
1.650
4,402
4338
4057
627
3308
3,102
3,063
9492
9,075
8,992
1,012
19,986 22O60
18,111
53,995
48,073
7.613 43403
763
695
668
1,167
1.095
1,097
112
1,14
1*013
885
2,748
2.440
2,188
480
142
140
134
896
883
845
108
3,667
3097
2,881
10,652
9058
8,101
1352
997
897
823
2.088
1.886
1,749
411
474
424
387
934
835
747
148
74
656
610
1,140
1,046
982
149
19
172
155
293
25
230
30
6,449
5.746
5055
15.634
13,858
12.622
2,430
1,68
143
1.428
5,748
5.143
4,694
691
68
63
583
1,432
1342
1017
196
53
487
434
1.003
870
783
20*
i
1
1
13
48
44
41
1.04
96
90
1,757
1,617
1402
30!
3,66
304
2,905
8335
7393
6,611
969
6
5
49
120
110
97
18
15408
14.816
16,45
29,626 31,605
6,607
33,643
4006
3,91
3,71
6,757
6,416
5,977
1,634
147
1464
144
3385
3,354
3094
755
10.67
10,025
945
2340
21,83
20355
4018

41
28
100
819
21

54
52
20
21
1,630
1431
- 145 * 153
14
21
621
566
241
234
165
154
78
74
55 .... 64
21
20
213
213
43
35
15
14
1063
1082
188
206
281
277
29
29
50
46
255
243
479
462
736
774
1.495
1.455
553
557
254
250
299
308
2.966
3023
104
101
189
171
55
54
267
239
105
100
80
76
69
66
9
9
1,467
1366
242
220
67
62
82
71
2
2
159
150
321
275
4
4
2483
2433
507
464
52
51
2,023
2.018

61
19
1.649
167
11
612
245
173
82
67
16
218
41
16
1357
184
308
37
55
265
510
792
1442
594
264
330
3448
104
206
55
291
117
90
73
10
1,610
273
73
98
2
170
371
4
2.766
546
53
2.168

1,457
26374
1,077
439
1,423
2,742
5375
5.408
4,669
1,027
1,621
1,896
695
19403
1,151
4099
407
4,476
4,718
4,451
17336
27,124
18019
6060
11,959
62,724
1,898
3,123
1,092
11056
2,685
1,075
1,418
316
18.436
6355
1,651
1078
58
2391
9439
151
45,718
9472
5029
30.917




1477
141
27483
1,034
448
1,454
2,931
5.660
5,702
4,919
1,024
1494
2,090
727
20,841
1.180
4,425
418
5,135
4,917
4,766
18452
28042
18344
6318
12,025
69,051
1,924
3,491
1,141
12,745
2.897
1,199
1434
352
20.188
6,858
1.826
1.422
64
2481
10.652
176
48,656
10062
5049
33.145

1990

1,695
146
29,118
1,054
485
1418
3076
6,043
6,027
5,114
1,027
1,607
2021
746
22,657
1.163
4,771
447
5.856
5387
5,032
19413
29,740
19,123
6,410
12,713
76,860
2,012
3,909
1,158
14.452
3,175
1343
1.675
398
22,622
7.603
1,949
1,643
69
2,792
11,866
194
51,764
10,857
5325
35483

134

142

311
13061
9.618
62
61
2
532
101
287
76
68
894
1,020
263
75
16
24
3
78
17
37
0
8

4,984
168
61
250
218
854
1386
1,130
48
200
573
97
2,450
102
514
2
609
614
609
2,183
4348
2,757
1,097
1,660
10032
589
462
99
1,652
481
182
281
54
3002
826
221
281
13
490
1375
23
6,957
1334
662
4,960

5,098
158
63
220
239
715
1409
1042
78
193
576
104
2,695
100
555
2
738
671
628
2043
4,485
2,855
1.112
1J43
11,111
589
506
100
1,797
514
202
306
57
3415
904
237
327
15
532
1,484
26
7399
1,451
675
5074

757
53
11
52
25
84
157
119
51
55
116
34
1.025
94
233
0
102
227
369
585
1.430
607
264
344
3,463
126
141
50
517
140
50
70
17
877
225
64
79
2
163
925
17
3.643
851
515
2077

Q

U

115
4,952
182
57
265
227
870
1375
1,099
49
232
501
95
2079
110
485
2
510
588
584
1,906
4,118
2,800
1.114
1.686
9393
563
; 413
93
1421
442
162
249
44
2,918
813
200
249
12
452
1044
19
6422
1076
634
4,612

Q

no
346
S3
82
890
1.169
295
82
17
29
4
88
18
38
Q

d

196
1,078
30
4.115
1,015
510
2490

Q

Q

359
6
3076
78
45
150
472
950
327
330
391
294
137
101
2,463
101
512
3
750
542
555
1,772
3.090
1470
618
951
6.985
109
430
107
1065
380
127
134
30
2,186
646
186
183
293
888
18
6066
1471
752
3.944

1988

-inc

1988

1988

1989

1989

1990

17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
ia
09

39
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85

August 1991

SURVEY OF CURRENT BUSINESS

40

Table 3.—Personal Income by Major Source
[Millions
Colorado
Itctn

Line

Wyoming

Utah

Montana

Idaho

1988

fncomt by Place of Residence
1 Tool personal income (lines 6—11) ......................
....«..«»»«»«»...,
Nonfarm personal income
i
Farm income (line 17) * ...............
.........
A Population (thousands)*
. .
......
...
.....
Per capita personal income (dollars)4

1989

1990

1988

1989

1990

1988

1989

1990

1988

19S9

1990

1988

1989

1990

54,391
53,563
828
3,263
16,67(

58.315
57,301
1,014
3.276
17,801

62.378
61,234
1,144
3,302
18,890

12,748
11,977
770
986
12,931

14,153
13,065
1,088
994
14^33

15,423
14.266
1.156
1,011
15049

10335
10,124
211
800
12,913

11,548
11,036
512
800
14,442

12O05
11,784
421
799
15,270

20,666
20,399
267
1,690
12031

22087
22,013
274
1.706
13,065

24,199
23,882
317
1.729
13,993

6349
6,442
107
465
14,079

6,844
6.749
94
458
14,930

7378
7049
129
452
16,314

41,077
2.454
-40
38,582
8,954
6,855

43,555
2.680
40 828
10,116
7,371

46.659
2,889
-54
43 717
10J699
7,963

9,298
614
73
8 757
L956
2,035

10.322
692
73
9704
2,260
2,189

11081
757
80
10,604
2,426
2393

6,740
500
13
6054
2,064
2,017

7388
549
16
6 854
2^69
2.124

7,721
582
18
7,156
2,740
2,309

15,783
943
81
14,921
2,704
3,041

16,938
1,041
88
15986
3,085
3016

18,375
1,128
97
17343
3,329
3326

4.771
291
-58
4,421
1,175
953

4.937
313
-48
4377
1,295
972

5.348
341
-54
4953
1362
1.062

32,788
2,882
5.406
688
4,718

34462
3,094
5,898
875
5,024

36,944
3,321
6.394
999
5,395

6,679
601
2,018
621
1397

7014
659
2,450
939
1,511

7,917
727
2,637
1,002
1,635

5,088
457
1,195
113
1,082

5330
487
1371
423
1,148

5,649
520
1,551
329
1023

12,907
1,155
1,721
222
1,499

13,830
1,267
1,841
230
1,611

15,003
1,381
1,991
272
1,719

3,818
317
636
63
573

3,935
335
667
53
614

4006
362
781
86
695

828
40,249
32,885
236
226
11
1,110
155
764
164
27
2,381
6205
2,034
749
3
57
66
582
317
42
0
175
41
4,171
100
65
95
301
1028
575
756
42
263
643
104
3,510
179
625

1,014
42.541
34,856
244
235
10
1,119
168
722
200
30
2,390
6,536
2,115
753
5
66
73
614
327
43
0
193
40
4,421
94
67
99
323
U15
633
789
43
274
679
105
3,641
190
653
1
910
1,343
544
2,640
4,165
2,927
877
2,051
11,193
400
553
78
2,149
452
190
411
67
3.029
953
262
264
9
427
1.907
41
7.684
1,765
964
4.955

1,144
45,515
37 417
261
251
10
1,241
186
817
207
32
2,497
6,775
2^55
784
6
69
77
651
387
39
0
202
39
4,520
99
69
106
340
1,425
483
805
42
280
759
112
3,935
189
713
1
970
1.470
593
2,831
4,400
3.062
895
2,167
12,415
435
616
79
2352
502
202
450
70
3,422
1.041
275
294
11
462
2,161
43
8,098
1,931
962
5.205

770
8,528
6950
118
110
8
133
0
9
83
42
664
1,636
694
377
0
5
78
80
136
0
0
14
3
942
506
9
3
48
178
131
12
13
22
8
13
625
93
222

1,088
9,234
7 556
126
118
8
151
0
9
100
41
707
1.782
721
391
2
5
83
83
143
0
0
11
3
1,061
554
10
4
55
205
158
14
15
24
8
13
674
105
243
4
59
124
139
539
1,001
419
171
248
2 156
57
122
17
238
122
59
45
9
626
129
62
51
0
98
519
2
1,679
362
151
1,165

1,156
10,124
8 299
142
132
10
164
0
10
108
46
804
1,917
782
415
2
5
103
90
150
0
0
15
3
1,135
564
11
5
58
240
173
15
16
29
10
14
717
109
265
4
65
126
148
593
1,083
457
181
275
2,422
' 59
139
17
267
139
67
52
10
706
142
67
56
1
107
589
4
1,825
396
149
1,280

211
6,530
5065
52
43
9
235
55
67
82
32
375
574
212
63
0
8
34
45
19
40
0
2
0
362
228
5
49
14
13
5
2
4
22
4
16
714
131
219

512
6.876
5,362
54
45
9
252
56
68
101
28
396
616
215
60
0
10
35
49
21
40
0
2
0
401
243
6
59
15
14
8
3
4
25
5
19
721
129
227
0
62
126
177
388
848
305
133
172
1,782
68
99
15
168
89
48
47
11
682
143
39
66
1
89
213
3
1314
394
130
989

421
7,300
5,699
59
48
10
260
58
67
106
29
412
644
221
61
0
10
36
51
21
41
0
1
0
423
251
7
59
15
20
8
3
5
29
6
21
752
127
247
0
66
129
182
407
890
326
137
189
1949
75
110
15
184
98
49
56
12
748
156
42
70
1
94
233
4
1,601
418
135
1,049

267
15316
12091
46
44
2
332
119
73
117
23
893
2,684
701
224
6
64
36
167
94
41
0
68
0
1,983
62
49
200
156
382
218
564
52
91
120
91
1333
120
391
0
278
243
301
992
1,497
880
359
521
3 636
98
161
20
570
166
83
108
69
1,090
220
243
63
2
289
446
6
3025
1,090
210
1,926

274
16,664
13 253
49
47
2
342
124
70
123
25
936
2,858
744
242
5
65
42
179
106
46
0
60
1
2,114
66
55
225
175
234
375
595
62
97
132
97
1,448
127
425
1
326
250
319
1.101
1.610
906
366
540
4 002
' 98
184
21
668
181
91
120
79
1,180
242
262
73
2
304
490
7
3,411

317
18,058
14,407
54
52
2
375
131
79
139
27
991
3,067
805
256
5
66
49
201
114
49
0
65
I
2061
72
64
238
191
246
381
629
80
102
151
108
1344
126
461
0
368
256
334
1,153
1.755
948
368
580
4320
112
214
22
780
203
108
132
92
1324
263

107
4,664
3,479
26
23
3
779
250
336
29
164
346
228
129
24
0
2

94
4,843
3,624
28
25
3
779
256
323
29
171
346
239
138
23
0
2

129
5,220
3938
30
27
3
892
276
401
34
181
367
270
157
24
0
2

Derivation of Total Personal Income
6
7
8
9
10
11

Earnings by place of work (line 12-16 or 17-85)
Less: Personal contributions for social Insurance3
...
Plus.' Adjustment for residence* .......
,..«.
Equate' Nei earnings by place of residence
7
Plus: Dividends, interest, and rent .
„.
Plus: Transfer payments*
,.»......„„„..„«....«..,

12
13
14
15
16

Components of earnings;
Wages and salaries
.....................
Other labor income
Proprietors' income*
™
Farm. . ................... ...........
Nonfarm9
«

Earnings by Place of Work
„

„....„„„..„„„.. ...........
«...

„
.........

Earnings by Industry
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
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
S
O
81
82
83
84
85

Farm

..
10

Agricultural services, forestry, fisheries, and other
Agricultural services ............
„.......„.
.........
Forestry, fisheries, and other10
«...
Mining
..„„..„„„....„„
„
Coal mining
Oil and gas extraction
.«„
Metal mining
„ .*.
Nonmetalljc 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 products .............. _
.............
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 and computer equipment...
Electronic equipment, except computer equipment ............
Transportation equipment excluding motor vehicles.
Motor vehicles and equipment -....
......
Stone, clay, and glass products ...................
.... ..
Instruments and related products
Miscellaneous manufacturing industries ....
Transportation and public utilities .................... „
»
Railroad transportation
.. _
Trucking and warehousing ............
„ ««
Water transportation ....................................
.. ,
Other transportation11
..„......»„„„....
_„ —. .
Communications
«„
«
„„„ „
Electric, gas, and sanitary services ^...............
Wholesale trade
Retail trade ......
„„ „ .„........,..., ......
„. „
Finance, insurance, andrealestate
„.
Depository and nondepository credit institutions
Other finance, insurance, and real estate l2 .«,..«.........,.,.........»
Services . •.
....
.
.
Hotels and other lodging places
Personal services .........................................
Private households
Business services ................ „....„..»......„„„..«......
.
Auto repair, services, and parking »....»..........„..........«»..»»..
Miscellaneous repair services
Amusement and recreation services
Motion pictures
Health services
Legal services.
... —. ...........
........
......
Educational services
Social services „„„„..„
„.„.... ........
Museums, botanical, zoological gardens ................ _ ...
Membership organizations
—...,......
.„
................
Engineering and management services1*
M i s c e l l a n e o u s s e r v i c e s •*»**• •«•»»¥+•»«**.**.«.—•»**..»...».*•»•**+**.*•«*****•

Government and government enterprises
Federal civilian
....
Military
„
..„„.. .
„...
State and local

D

™
......

.....

<°>
(D)

1.303
519
2,446
3.974
2,913
908
2,005
10 109
384
485
75
1,888
418
175
391
64
2,746
886
236
235
8
391
1.690
36
7364
1 676
*973
4.715

Not shown to avoid disclosure of confidential information; estimates are included in the totals.
1. Estimates arc based on the 1987 Standard Industrial Classification.
2. Farm income consists of proprietors' net income; the cash wages, pay-in-kind, and other labor income
of hired farm workers; and the salaries *f officers of corporate farms.
3. Midyear population estimates provided by the Bureau of the Census in August 1991. The 1988-89 population estimates have been adjusted to reflect both the 1980 and 1990 Census of Population counts for April
1; the 1990 midyear (July 1) estimates reflect the 1990 Census of Population count plus 3 months of estimated
population change.




8

123
131
480
927
408
163
245
1960
56
104
16
205
109
52
42
8
579
119
56
45
0
91
479
2
1,577
351
147
1,079

8

124
179
356
792
333
133
199
1 633
66
87
14
151
80
41
43
9
633
137
36
61
1
1
85
187
3
1.465
382
116
967

(

t 1T7
1,111

217
2,017

ZOJ

82
2
334
560
8
3,651
I "its.
226
2,197

o

32
20
45
0
5
1
100
30
1
6
11
20
1
4
0
20
3
3
528
128
138

P)

70
161
180
440
179
86
92
773
64
48
9
67
50
35
26
5
208
67
17
Ix
30
2
44
102
2
1,185
iij

99
873

o

•0

33
23
50
0
5
1
101
30
1
7
11
23
1
5
0
17
3
3

34
36
55
0
6
1
113
32

551
137
142
0
33
68
170
190
458
181
89
92
852
72
55
10
75
53
37
32
6
228
71
14
33
2
48
116
2
1019
uU
100
899

567
136
149
0
34
72
175
182
490
185
88
97
955
81
61
10
85
54
49
51
6
249
78
i t

7
14
29
1
6
0
18
3

ID

35
51
125
1082
9 «

100
949

4. Per1 capitan personal 1991 T h cwas computed using midyear population estimates provided by the Bureau
income 19
^ J S ^ 5 i August
*
88-89 population estimates have been adjusted to reflect both the 1980
and 1990 Census of Population counts for April 1; the 1990 midyear (July 1) estimates reflect the 1990 Census
of Population count plus 3 months of estimated population change.
5. Personal contributions for social insurance are included in earnings by type and industry but excluded
e
from personal income.
^
*
6. U.S. adjustment forresidenceconsists of adjustments for border workers; Earnings of U.S. residents commuting outside U.S. borders to work less earnings of foreign residents commuting inside VS. borders to work
plus certain Caribbean seasonal workers.
of

August 1991

41

SURVEY OF CURRENT BUSINESS

and Earnings by Industry 1 ,1988-90—Continued
of dollars]
California1-

Far West • i
1988

1989

1990

1988

1989

Hawaii

Alaska

Washington

Oregon

Nevada
1990

1989

1990

1988

1989

1990

1988

1989

1990

1988

1989

1990

1988

1989

1990

20,417
20,160
256
1,095
18,652

22,663
22396
267
1.113
20356

15.606
1.000

17.208
1,108

668,080
658,134
9,947
36,926
18,093

727,226 784,050 532,164 576,489 619381
716.149 773,007 524.861 568.519 611306
7.875
7,970
7,302
11,044
11.077
37,893 38,950 28,468 29,218 29.956
18,693 19,730 20.677
19,192 20,130

18,464
18395
69
1,075
17,173

20.919
20,811
108
1,137
18392

23.298
23,194
103
1,224
19,035

41,128
40,063
1.065
2.742
15.001

45,409
44,265
1,145
2,791
16,272

49,198
48,020
1,178
2,861
17,196

76,325
74,815
1.510
4.641
16,447

84,408
82354
1,854
4,746
17,784

92.174
90^86
1.888
4,909
18,775

10,105
10,091
14
542
18,642

11,276
11.263
13
547
20,609

11.956
11,941
15
551
21,688

18376
18,109
267
1,080
17,015

500,635
31,437
87
469,284
108,086
90,711

539,199 579,268 401.304 430,101
35,015 37,929 25.086 27,803
280
209
176
165
504,349 541315 376,427 402378
123,997 133,432 85,604 97,611
98,880 109,104 70,132 76,301

459,774
30,022
326
430,078
105,031
84,272

14.131
703
-319
13,109
2.910
2.445

15.917
818
-341
14,757
3,481
2,681

17,747
914
-379
16,454
3,811
3,033

30.053
2,128
-343
27382
7,132
6,415

32,618
2,404
-111
29,804
8349
7,256

35.376
2.611
-469
32,296
8.930
7,971

55,147
3321
540
52,166
12,440
11,719

60363
3,990
637
57,210
14356
12,642

66371
4382
698
62,686
15,660
13,827

8385
665
^51
7,469
1,107
1328

9390
764
-492
8334
1.285
1,657

10,109
817
-507
8,785
1342
1,829

14,117
879

399,652
37,215
63,768
7,438
56,330

429,903 462,614
43396
40,331
68.964 73,258
8,361
8,498
60,466 64,897

319,662 342322 366,428
30.411 32,762 35,048
51,231 55.016 58,298
5,759
5,934
5326
45,905 49.082 52339

12,155
842
1,134
48
1,087

13,649
968
1,300
86
1,214

15,253
1,077
1,417
80
1337

23.384
2,231
4,438
870
3368

25,343
2,446
4,830
946
3,884

27341
2.675
5.160
970
4,191

44,452
3,731
6,964
1,194
5,770

48390
4,155
7,818
1332
6,286

53391
4396
8383
1352
6,831

6 603
581
1,401
12
1389

7380
681
1329
11
1318

7,799
707
1,603
13
1391

9,947
490,688
414,083
4,755
3.855
900
2,915
46
1,922
548
399
33,294
92,181
25,181
6,474
447
2,327
2,480
5,767
3,494
1,905
1
2,167
120
66,999
5,231
1,537
2,402
4,942
9.806
10,329
16,774
1,396
2,200
10,956
1.426
30.015
1.300
7,055
1,327
7,308
8,250
4,776
31.426
48,313
36348
12,317
24,232
134.637
6,064
4,951
1,574
24,044
5.418
2,435
5,110
5,736
35,161
11,037
3.631
2,805
141
4,354
21,708
468
76,605
14,114
8,780
53.711

11,077
528,122
445,424
5,100
4,219
881
3,088
47
1,930
695
417
36,121
97,163
26.620
6,874
476
2366
2,637
6,099
3386
1.950
1
2,306
124
70342
5375
1393
2372
5,240
10,446
10,662
18,197
1,437
2,353
11,181
1,486
31.996
1374
7330
1,417
8,165
8344
4,966
34,292
51.702
37390
12,780
24,810
148372
6385
5,657
1.685
26,478
5,903
2,684
5362
6,207
38,456
12,197
4,014
3.132
158
4,737
24,364
553
82.698
14,903
9,064
58,731

7,875
451,900
381,675
4,147
3,934
214
2377

69
14.063
12.076
66
56
10
444

1,145
31,473
26,385
356
198
158
75

1,178
34,198
28,677
389
221
168
86

1310
53,637
43.467
826
316
510
180

1,854
58,709
47,837
853
350
503
214

1,888
64.483
52,666
970
397
573
221

14
8371
5.835
370
12
358
668

13
9377
6,700
376
13
363

15
10,094
7,055
397
14
382
846

31

33

32

76

389
34
1,245
656
226
41
1
8
3
99
26
1
0
47
0
430
30
13
42
41
68
52
9
5
64
28
76
969
39
156
6
300
214
254
579
1.427
660
257
403
6.031
2326
153
31
458
148
57
575
24
912
213
28
42
1
133
725
5
1,987
354
223
1,410

103
17,643
15.194
91
80
11
639
0
25
571
43
1,654
773
256
45

1,065
28,987
24,215
335
180
155
70

1,917
(D)
295
29,060
79,781
23,161
5,802
419
2,689
1311
5303
3,084
1,888
1
2.138
126
56,620
2,000
1357
1306
4378
9,846
10,218
12,931
1,013
1,969
10,000
1,203
26343
876
6,002
1.011
7,089
7,264
4300
29.180
42.934
33,439
11,155
22,284
134.214
3380
4,916
1311
24,832
5,199
2,126
5371
7.244
33,801
11,442
3,613
2,779
147
: 3.981
23,014
657
70,224
11.863
7368
50,993

108
15,809
13393
78
68
10
579
0
22
519
38
1362
702
240
40
1
9
2
108
27
1
0
52
0
462
32
20
45
49
61
31
12
10
72
58
74
1,063
40
175
4
325
237
280
672
1380
722
270
452
6,636
2,761
180
34
557
169
63
552
24
1,030
233
31
49
2
150
794
6
2^16
385
265
1366

45
3,604
11361
2.916
804
24
100
697
524
523
105
0
134
6
8,645
1.239
94
474
320
556
328
4,682
161
221
444
128
3389
243
847
349
859
966
325
3.407
5389
3,145
1,178
1,967
11.765
277
589
106
1.749
545
263
344
73
3,910
973
330
324
10
510
1,743
20
10.170
2,129
1369
6,671

(**)
52
3,994
12,747
3,141
903
25
103
773
548
518
111
0
150
10
9,606
1,269
90
520
350
615
317
5359
172
228
546
140
3,851
255
925
380
967
977
v
347
3,773
5,914
3,286
1,221
2,065
13.204
287
682
114
2.017
607
305
380
80
4351
1,079
364
369
II
549
1,985
23
10,871
2054
1385
7.233

610
42
(D)
663
476
325
199
(D)
ol

53

765
68

730
531
358
224

779
585
401
262

40
19
20
0

48
41
21
22
0
1

2
44
47
20
24
0
2

0
152
119
0

.3
135

6
2
I
6

6
2
( )
10

(°)
15
D

(°)
15

11,044
7,302
7,970
568,224 394,002 422,131
478,212 334,325 357,609
3,813
3328
5397
3,604
3302
4,631
210
226
966
2,220
3322
2J2
D°
2
55
2,050
1,807
1.792
(D)
124
783
293
287
434
37,116 26,871 28,763
101,334 73366 77,013
28,560 20,486 21,650
5,406
5,098
7,430
409
383
492
2,408
2,175
2,860
1,452
1390
2,732
5,102
4,806
6390
2,964
2,874
3,776
1,818
1,777
2.047
1
1
I
1,984
1.875
2.489
108
108
143
72,774 53,080 55362
2,015
1,900
5,332
1,409
1,365
1354
1349
1300
2385
4.485
4,278
5367
9,166
8,628
11,232
9,808
9304
11,194
12,614
11,869
19,055
1,057
1,052
1,409
1,919
1,793
2,439
10.062 10,165
11,053
1.175
1,129
1353
34,339 23,229 24,695
887
841
1,357
5367
5,259
8,116
941
887
1316
6370
5,875
8,831
6.778
6340
9.097
3.952
3,826
5,421
36387
25351 27319
38,310 40,757
54,861
39.709 31,150 31.911
10,701
10329
13379
26,329 20,821 2 U 1 0
165.346 110,100 120,918
3313
3,060
7.395
4,434
3,896
6318
1,470
1375
1.731
20,793 22,676
29352
4,738
4378
6321
2,117
1,946
2,772
4,461
4.037
6339
6,052
5395
7.427
42,775 27.995 30.473
10323
9.334
13337
3396
3.070
4,280
2,455
2,214
3376
134
119
175
3.703
3,407
5,097
18,446 20,659
27.143
511
433
708
90,012 59,677 64322
11,239
10,662
15,847
7304
7,079
9,172
64,993 41.935 45.979

8

j

8
2
116
30
0
0
53
0
516
36
19
44
58
63
41
18
10
76
60
92
1,168
40
191
5
355
262
315
760
1.729
820
301
519
7361
3,255
213
36
654
192
72
537
28
1,184
276
32
58
2
165
850
6
2,449
420
251
1,778

(°)
32
1375
6,398
1354
530
39
44
390
339
72
22
0
111
6
4,844
2,062
65
387
303
554
446
214
178
121
421
93
2,229
178
792
85
273
530
371
2,089
3,186
1394
553
1,041
6,741
201
312
62
1.043
347
170
153
44
2344
517
204
226
10
304
794
10
4,772
969
108
3.695

(°)
35
1,801
6,701
1389
525
41
47
411
342
77
20
0
120
6
5,111
2.059
74
457
356
605
505
213
199
134
411
97
2387
191
864
91
303
551
387
2328
3.451
1,671
589
1,083
7,615
225
360
66
1.228
38S
198
170
50
2.601
561
223
259
12
334
926
13
5.089
1,026
110
3,953

7. Includes the capital consumption adjustment for rental income of persons.
8. Includes compensation for Japanese internment,
9. Includes the inventory valuation and capital consumption adjustments.
10. "Other" consists of the wages and salaries of U.S. residents employed by international organizations
and by foreign embassies and consulates in the United States.
11. Includes local, interurban, and highway passenger transit; transportation by air, pipelines (except natural
gas); and transportation services.




jne

1988

(°)

41
2,051
7.034
1,710
579
40
53
417
375
86
29
0
126
7
5324
2,014
81
470
348
639
609
279
220
135
428
102
2309
189
918
90
346
547
419
2312
3,738
1,838
626
1,213
8320
247
410
67
1.410
438
219
193
59
2.878
620
242
302
13
362
1,040
18
5321
1,129
117
4,275

s

(D)

56
4351
13,746
3,432
1,004
32
111
802
596
575
131
0
172
10
10,314
1.281
97
565
384
685
327
5,827
166
259
566
156
4,120
253
1,005
410
1,042
1,023
386
4,136
6,460
3.611
1,298
2313
15.051
313
778
117
2.456
693
354
438
97
4,911
1,198
392
436
13
590
2^39
28
11.818
2,435
1,436
7,947

I

I

(D)

D

(°)
(°)

184
146
0

(°)
.5
2
1

(D

9

(°"

(D)

( )
2
785
0
91
40
318
152
184
256
707
342
134
209
1366
89
90
8
236
84
47
44
20
331
107
24
8:

2
1,126
0
104
64
359
152
448
280
781
326
122
204
1.819
99
109
<
302
99
54
51
23
368
110
26
9!

91
301

10
364

2,736
592
556
1389

2.877
621
582
1.674

4
959
0
118
59
413
162
208
300
845
326
118
208
2.018
108
123
<
329
117
61
56
25
407
121
28
10

11:
413
;
3,039
670
603
1,766

2
3
4
3

13,238 "14.606 "l6,"lOO
3,409
3,139
2,669
3,154
2,672
2,469

6
7
8
9
10
11

11,772
985
1360
107
1,253

13,020
1,106
1.480
93
1387

14,395
1.217
1396
97
1,499

12
13
14
15
16

267
13,850
9.940
78
64
15
16

256
15350
11,198
84
71
13
17
.
«

267
16,941
12353
96
84
12
18

0
5
1,011
623
484
228

0
4
1300
662
509
231

0
5
1320
690
521
234

38

39
7
178
13
33
0
4

8
189
15
30
0
5

153
11
18

169
13
18

(°)
19

(p)

8

19
9

(°)
22

(°)
20

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
.61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85

•

\l

(°)

160
13
29
0
4
I
139
10
14
(D)

20
7
19

(D1

41
(&
15
1,198
"l03
102
566
300
127
556
1.658
1,036
317
719
3.764
772
125
36
484
133
50
126
21
943
299
13
79
10
128
41
3.9H
1.042
1370
1,499

(P)

™

2

(°)
58

67

(p)

(°)
13

11
1,305

1,444

11"
124
109
724
643
310
297
153
.139
627
697
2,004
1,838
1,281
1,128
385
348
896
780
4,803
4,237
956
869
170
145
38
38
648
568
162
147
60
55
160
142
29
26
1.033 . 1,166
36
312
15
145
112
94
14
12
156
142
60
50
\
1
4,15
438
1,10
1.08
1.430
1,40
1,65
1,85

12. Includes security and commodity brokers and services; insurance carriers, agents, brokers, and services;
real estate; and holding and other investment companies.
13. This industry is new in the 1987 Standard Industrial Classification.
14. Totals for the Far West do not include those for Alaska and Hawaii.
15. The 1989 estimates of proprietors* income and of rental income of persons reflect the uninsured losses
resulting from damage caused by Hunicane Hugo in South Carolina and North Carolina and by the Loma
Prieta earthquake in California.

42

SURVEY OF CURRENT BUSINESS

Text continues from p. 29.

close of the reference year and are
published in the April SURVEY. In the
August SURVEY, more reliable annual
estimates are published. These estimates are developed independently
of the quarterly series and are prepared in greater component detail, primarily from Federal and State government administrative records. The
annual estimates published in the August SURVEY are subsequently refined
to incorporate newly available information used to prepare the current local
area estimates. These revised State
estimates, together with the current local area estimates, are published in the
following April SURVEY. The annual estimates emerging from this three-step
process are further revised for several
succeeding years (the State estimates

is measured as the disposable personal income of the residents of a
State divided by the midyear resident
population of the State.
The definitions underlying the State
estimates of personal income are essentially the same as those underlying
the personal income estimates in the
national income and product accounts
(NIPA's). The major difference is that
the NIPA estimates of personal income include the labor earnings (that
is, wages and salaries and other labor income) of U.S. residents who are
temporarily working and living abroad
(mainly Federal civilian and military
personnel), whereas the State estimates include the labor earnings of
persons residing only in the 50 States
and the District of Columbia.
The national totals of the components of the State estimates can also
differ from the corresponding estimates in the NIPA personal income
series because of different data sources
and revision schedules. The annual
NIPA revision that usually appears in
the July issue of the SURVEY OF CURRENT
BUSINESS was postponed this year and
will be combined with the upcoming
comprehensive NIPA revision. In the
absence of the annual NIPA revision,
the national totals used for the 198890 State estimates of wage and salary
disbursements and of farm proprietors'
income were prepared specially for the
estimation of the State series. The
national totals for the other personal
income components were derived from
the NIPA quarterly series.
Revision schedule for regional estimates

The annual estimates of State and
local area personal income for a given
year are subject to successive refinement. Preliminary State estimates,
based on the current quarterly series, are released 4 months after the




August 1991

in April and August and the local area
estimates in April) as additional data
become available. The routine revisions of the State estimates for a given
year are normally completed with the
fourth April release. (For more information about the procedures used and
the effects of the routine revisions to
the State estimates, see "Evaluation of
the State Personal Income Estimates"
in the December 1990 SURVEY.)
After the fourth April release, the
estimates will be changed only to incorporate a comprehensive revision of
the NIPA's—which takes place approximately every 5 years—or to make important improvements to the estimates
through the use of additional or more
current State and local area data.

Data Availability
The State personal income estimates presented here, as well as more detailed tabulations
and estimates for earlier years, are available on magnetic tape, printouts, and diskettes. Tables
of total and per capita personal income are available for 1929-90, and tables of total and per
capita disposable personal income are available for 1948-90.
Detailed estimates of personal income by major source and of earnings by industry are available for 1929-90. Tables for 1958-90 present labor and proprietors' earnings at the Standard
Industrial Classification (SIC) two-digit level (for example, food stores) based on the 1967 SIC
for 1958-74, the 1972 SIC for 1976-89, and the 1987 SIC for 1988-90. Tables for 1929-57
present earnings at the SIC division level (for example, total retail trade) based on the 1967
SIC.
Supplemental tables are available for wages and salaries by SIC two-digit industry for 195890, employment (either including or excluding self-employment) by SIC two-digit industry for
1969-90, transfer payments by major program for 1948-90, farm income and expenses (including
broad categories of gross receipts and expenses of all farms and four different measures of net
farm income) for 1969-90, and personal tax and nontax payments by level of government and
by type for 1948-90.
A magnetic tape containing a complete set of tables (that is, for the United States, regions,
and States) for a series costs $100. The tables in forms other than magnetic tape are priced by
page or diskette; the cost of an order depends on the number of series, areas, and years of data
ordered. There is a minimum charge of $10.00 per order.
The State personal income and employment estimates for 1969-87—in somewhat less detail
than that described above—can also be obtained on a CD-ROM for $35. That CD-ROM also
contains State estimates for 1988-89; however, those estimates have been superseded by the
revised estimates presented in this article. In addition, the State per capita personal income
estimates for 1981-89 on the CD-ROM do not reflect the results of the 1990 Census of Population. The CD-ROM also contains the entire set of personal income and employment estimates
for counties and metropolitan areas for 1969-89. (The CD-ROM to be released in May 1992 will
contain revised 1988-90 State personal income and employment estimates and revised 1981-90
per capita estimates.)
For further information or to place an order, call (202) 254-6630 or write to Regional
Economic Information System, BE-55, Bureau of Economic Analysis, U.S. Department of
Commerce, Washington, DC 20230.

August 1991

43

SURVEY OF CURRENT BUSINESS

Recalibration of BEA Regional Projections of Population
In 1990, BEA published projections of economic activity and population in the three-volume set BEA Regional Projections to 2040.
Summary projections for 1995 and 2000 for States were presented in

Table 1.—Population by State, 1990,1995, and 2000
[Thousands]

the May 1990 SURVEY OP CURRENT BUSINESS, for metropolitan statistical

areas (MSA's) in the October 1990 SURVEY, and for BEA economic areas
in the November 1990 SURVEY. The projections were based on economic
and population data through 1988 or, in some cases, 1989.
BEA has restated the population components of the projections for
1995,2000,2005, 2010, 2020, and 2040 for States, MSA's, and BEA economic areas by recalibrating them to reflect the new population levels
from the recently released 1990 Census of Population. Table 1 presents
the restated projections of population for States for 1995 and 2000. The
recalibration for States had two steps. First, for each State, the difference between the 1990 Census of Population count for April 1 and the
1990 population projection implicit in the published BEA regional projections was computed. Then, this difference was added to the projected
population levels for 1995 and 2000.
A printout of the restated population projections for all States, MSA's,
and BEA economic areas for all years can be ordered by writing to
the Public Information Office, Order Desk, BE-53, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230.
Please specify BEA Accession Number 61-91-20-204. A check or
money order for $20 payable to "Bureau of Economic Analysis" must
accompany the order. The printout can also be ordered using MasterCard or Visa; call the Regional Economic Analysis Division at (202)
523-0971.
The population projections are available electronically from the U.S.
Department of Commerce Economic Bulletin Board at (202) 377-1986
and from the Bureau of the Census State Data Center Bulletin Board
at(301)763-7554.




Census
count 1990

Restated projections
1995

2000

613
14,016

4,146
579
4,295
2,450
33,793
3.717
3,501
747
621
14,879

6,478
1,108
1.007
11.431
5,544
2,777
2,478
3.685
4,220
1,228

6.844
1,192
1,043
11,782
5,707
2,843
2.535
3,749
4.223
1,274

7,134
1,259
1,068
12,058
5,839
2,891
2^74
3,801
4,224
U12

Maryland.
Massachusetts ......
Michigan ....
Minnesota ..
Mississippi .
Missouri ...........
Montana .........
Nebraska
„.
Nevada ..
„.
New Hampshire .

4,781
6,016
9,295
4375
2,573
5,117
799
1,578
U02
1,109

5,011
6228
9,508
4,529
2,623
5,257
811
1,618
1352
1.175

5,201
6,404
9,689
4,648
2,658
5365
820
1,648
1,462
1,230

New Jersey ......
New Mexico ..,
New York
North Carolina North Dakota . „
Ohio
L... „
Oklahoma
.- »
Oregon ...........
Pennsylvania ..
Rhode Island ..

7,730
1,515
17,990
6,629
639
10,847
3,146
2,842
11,882
1,003

8,092
1,605
18,269
6,874
653
11,019
3.203
2,984
12,114
1,041

3.487
696

3,585

Alabama
Alaska .
Arizona .
Arkansas ................
California .
Colorado .
Connecticut *
Delaware
District of Columbia .
Honda ....

4,041
550
3,665
2,351
29.760
3,294
3,287
666
607
12,938

Georgia ......
Hawaii .„„
Idaho ...
Illinois .
Indiana
Iowa .

.....

Kentucky
Maine

South Carolina „ .
South Dakota . „
Tennessee
„.
Texas .,
Utah ,
Vermont
Virginia.
Washington ...
West Virginia .
Wisconsin ....
Wyoming .
United States .

4.100

566
4,017
2,409
3Z000
3,529
3,404
711

8386
1,675
18,466

7,076
663

11,163
3,249
3,094
12312
1,073
3,666

6,187
4.867
1,793
4,892
454

5,096
17,598
1,857
589
6^68
5,152
1,792
5,027
454

723
5,270
18,039
1,959
610
6,885
5379
1.792
5,131
454

248.710

258,948

267.076

4,877

16,987
1,723
563

712

44

August 1991

SURVEY OF CURRENT BUSINESS

Alternative Measures of the Rate of Return on Direct Investment
The rate of return on direct investment can be measured in various
ways. This note illustrates two alternative ways of measuring direct investment rates of return based on recently published BEA estimates of
direct investment valued at current-period prices.1 One measures returns
on the market value of direct investment positions, and the other measures
returns on the positions valued at current cost (table 1, chart 4).
Previously, BEA has published rates of return on U.S. direct investment
abroad (USDIA) and on foreign direct investment in the United States
(FDIUS) on the basis of estimates of the direct investment positions valued at historical cost. However, a major limitation of using historical costs
for this purpose was that the resulting rates of return on otherwise similar investments could vary simply because the investments were made at
different times and at different prices. Consequently, the published rates
of return on USDIA and FDIUS—representing investments that differed
considerably in age and therefore in price—were not comparable. The alternative current-period measures overcome this limitation by presenting
rate-of-return estimates on a consistent valuation basis.
Table 1 and chart 4 show these current-period rates of return—a
"market-value" measure and a "current-cost" measure. They also show a
comparable market-value rate of return for all U.S. businesses2 and a comparable current-cost rate of return for all U.S. nonfinancial corporations3.
Finally, the chart and table show rates of return based on the direct investment positions valued at historical cost; these are the only rates available
that can be disaggregated by country and industry.
The market-value rate of return is the ratio of direct investment income
to the average of the beginning- and end-of-year direct investment positions at market value.4 The current-cost rate of return is the ratio of direct
investment earnings, adjusted to be consistent with after-tax profits as
measured in the national income and product accounts,5 plus net interest
paid by affiliates to their U.S. or foreign parent companies to the average
of beginning- and end-of-year direct investment positions at current cost.
The rate of return based on the historical-cost positions equals direct investment income divided by the average of the beginning- and end-of-year
direct investment positions at historical cost.
For rates of return on both USDIA and FDIUS, the current-price estimates are lower, on average, than the historical-cost estimates. However,
the differences are much larger for USDIA because the adjustment needed
to shift direct investment assets or positions from historical costs to
current-period prices is much larger for USDIA than for FDIUS. This inflation adjustment is larger for USDIA because most USDIA occurred in

NOTE.—This special note was prepared by Ned G. Howenstine and Ann M.
Lawson.

1. See "The International Investment Position of the United States in 1990" in the
June 1991 SURVEY OF CURRENT BUSINESS; a discussion of the concepts and estimating
procedures underlying the current-period estimates of direct investment appeared in
"Valuation of the U.S. Net International Investment Position" in the May 1991 SURVEY.
2. This measure is a weighted average of the after-tax earnings per dollar of stock
for Standard and Poor's Composite 500 companies and the average yield on corporate
bond holdings rated AAA by Mood/s Investors Service. The returns to debt and
equity are weighted by the ratio of debt to equities at market value for nonfinancial
corporate businesses published by the Federal Reserve Board in Balance Sheets for
the U.S. Economy, 1945-90.
3. This measure is the ratio of after-tax profits from the national income and product
accounts (NTPA's) plus net interest paid to the average of beginning- and end-of-year
total assets for all U.S. nonfinancial corporations. Profits originating in the "rest
of the world" are excluded from NIPA after-tax profits when these rates of return
are computed. The measure of total assets used in this ratio is that published by
the Federal Reserve Board in Balance Sheets for the U.S. Economy, 1945-90) the
published totals have been adjusted to exclude claims on foreign affiliates. In this
measure of total assets, tangible assets are valued at current cost, and claims on
other nonfinancial corporations are excluded.
4. To be consistent with the corresponding measure for all U.S. businesses, direct investment income is measured before the deduction of withholding taxes on distributed
earnings.
5. In this adjustment, the measure of direct investment earnings used excludes reported capital gains and losses and is before the deduction of firms' depletion expenses
and withholding taxes on distributed earnings. In addition, an inventory valuation
adjustment (IVA) and a capital consumption adjustment (CCAdj) were prepared for
this presentation and applied to direct investment earnings. The IVA is used to
convert the value of inventory withdrawals from historical cost to replacement cost;
a rough estimate of the IVA was prepared based on the relation of current-cost to
historical-cost inventory stocks for nonfarm corporations in the U.S. NIPA's. The
CCAdj is used to convert the depreciation expenses that are deducted when earnings
are computed to a consistent accounting basis and to a replacement-cost valuation;
it was derived from BEA's replacement-cost estimates of direct investment plant and
equipment




Table 1.—Alternative Measures of the Rate of Return for U.S. Direct
Investment Abroad, Foreign Investment In the United States, and
All U.S. Businesses
[Percent]
Returns based on current cost

Returns based on market value

USDIA

FDIUS

All U.S.
businesses

USDIA

FDIUS

-0.1
.9
3.4
2.2
1.9
2.2
3.0
1.9
.4

3.2
3.8
4.7
4.6
4.2
4.3
4.3
4.1
3.8

11.3
12.9
14.3
12.8
12.6
14.1
15.5
15.3
13.8

2.7
4.3
6.1
3.5
2.7
3.0
4.7
3.3
J

1.9

4.2

14.1

3.1

USDIA

FDIUS

n.a.
11.3
11.5
9.1
7.2
7.6
8.4
7.4
7.4

1982
1983
1984
1985
1986 ...
1987
1988
1989 ...
1990

n.a.
3.9
5.6
3.1
2.2
2.5
3.9
2.6
.4

12.5
9.6
11.2
9.4
7.3
7.1
8.7
8.1
7.7

4.5
5.3
6.5
5.1
5.0
5.8
8.3
8.4
7.5

8.2

2.6

8.4

6.7

Average, 1983-90

Returns based
on historical
cost

All U.S.
businesses

n.a. Not available.
USDIA U.S. direct investment abroad
FDIUS Foreign direct investment in the United States
NOTE.—See text for explanation of the sources and methods used to compute each rate-of-return measure.

CHART 4

Alternative Measures of Rates of Return
on Direct Investment and on AII-U.S.Business Investment
Percent
20
RETURNS BASED ON MARKET VALUE
15

USDIA

10

0
20
RETURNS BASED ON CURRENT COST
15

10

USDIA

0
20

RETURNS BASED ON HISTORICAL COST
15

10

FDIUS

1983

1984

1985

1986

USDIA -U.S. direct investment abroad
FDIUS - Foreign direct investment in the United States.
US. Department of Commerce, Bureau of Economic Analysis

1987

1988

1989

1990

August 1991

SURVEY OF CURRENT BUSINESS

the 1960's and 1970's and thus tends to be "older" than FDIUS, most of
which occurred in the 1970's and 1980's.
The estimated rates of return for USDIA are higher than those for
FDIUS during 1983-90, according to all three methods of valuation. For
the market-value measure, the average rate of return for USDlA was
about 8 percent, compared with 3 percent for FDIUS. For the current-cost
measure, the average rate of return for USDIA was about 7 percent, compared with 2 percent for FDIUS. For the historical-cost measure, the gap
between the average rate of return for USDIA and that for FDIUS was
much larger—about 14 percent for USDIA, compared with 3 percent for
FDIUS—probably because of the different ages of USDIA and FDIUS.
The rates of return in current-period prices for all U.S. businesses tend
to be near or somewhat lower than those for USDIA and higher than those
for FDIUS during 1983-90. For example, the market-value rate of return
for all U.S. businesses averaged roughly 8 percent, about the same as
the rate for USDIA but substantially higher than the rate for FDIUS.
The current-cost rate of return for all U.S. businesses averaged roughly
4 percent, lower than the rate for USDIA but higher than She rate for
FDIUS.
Rates of return on investment would tend toward equality under conditions of perfect information, equality of risk, and complete international
mobility of capital; however, differences in rates of return persist because
these conditions do not exist in the real world and because investors may
be motivated by considerations other than current profitability. For example, the relatively low rates of return on FDIUS may reflect long-term
strategic objectives of foreign-based multinational companies, such as gaining access to the large U.S. market or to U.S. natural resources, reducing
exchange-rate and other risks by diversifying internationally, exploiting
economies of scale, and ensuring continued access to U.S. markets in the




45

event that steps are taken to limit imports. They may also reflect the
relative "newness" of FDIUS and the tendency for investments to reach
maximum profitability only over time.6 Rates of return on FDIUS also may
be relatively low because some foreign companies in a few major investing
countries, such as Germany and Japan, apparently have access to lower
cost funds than U.S. companies do, and thus may find some investments
attractive that other investors would not.
Other factors that may affect the rate of return on investment include
differences in industry mix and differences between the pricing of transactions within multinational companies and the pricing of transactions
between unrelated businesses. The effects of such factors on the rates of
return for USDIA, FDIUS, and all U.S. businesses are diflicult to assess.

6. One consequence of the relative "newness" of FDIUS is that rates of return may
be reduced as the result of the amortization of goodwill that is entered on affiliates'
balance sheets to reconcile the book values of recently acquired companies with their
higher market values. When a company's books are revalued after an acquisition,
an entry for goodwill may be made to reflect any excess of market over book value
that cannot be allocated to other assets, such as plant and equipment. U.S. generally
accepted accounting principles, which companies are required to follow in reporting
on BEA's direct investment surveys, require that the goodwill be amortized over a
number of years. Because existing U.S. affiliates of foreign direct investors have
made a large number of acquisitions in recent years, amortization of goodwill may
significantly reduce both earnings and rates of return on FDIUS. Amortization of
goodwill is probably smaller for USDIA because these investments tend to be older,
because acquisitions have been fewer, and because the acquisitions that do occur are
usually by the U.S. parents rather than by existing foreign affiliates, and thus any
subsequent amortization appears on the books of the U.S. parents rather than on the
books of the foreign affiliates.

46

SURVEY OF CURRENT BUSINESS

August 1991

ERRATA
U.S. Affiliates of Foreign Companies
In the July 1991 SURVEY OF CURRENT BUSINESS, the data on expenditures for new plant and equipment shown in tables 11.1,11.2,12.1, and 12.2 of the article "U.S. Affiliates of Foreign Companies:
Operations in 1989" were incorrect. The tables below show the correct data.
Expenditures for new
plant and equipment

Expenditures for new
plant and equipment
1988"
All Industries

44,322

Manufacturing ...

52,258

5,060
4,059
1,001

22,800

Food £tnd kindred products *
Beverages ***.**.+******+».,.*<***
Other .

1,222
312
910

1,490

Chemicals and allied products ..................................
Industrial chemicals and synthetics

6,441
4,649
906
565
321

8.226
5,975
1,193
679
378

2,143
1,485
981
505
658

2,999

Machinery
Machinery, except electrical
Office and computing machines .
Other
;.
„„
Electric and electronic equipment
Audio, video, and communications equipment .
Electronic components and accessories «
Other

3,035
1.179
550
629
1,856
744
501
611

3,837
1,844
767

Other manufacturing .„
Textile products and apparel
Lumber, wood, furniture, and fixtures
Paper and allied products ... „ —
Printing and publishing ......
Newspapers
„
Other
«......„„..,
Rubber products
„.
Miscellaneous plastics products
Stone, clay, and glass products
Transportation equipment ..
- Motor vehicles and equipment
Other transportation equipment
Instruments and related products .....
Other

6,271
398
160
770
556

324
1,234
1,593
1,536
58
459
421

6,248
506
171
586
718
115
603
534
399
1,303
1,080
967
113
502
451

Wholesale trade
Motor vehicles and equipment
,
„.
Professional and commercial equipment and supplies
Metals and minerals, except petroleum
.
Electrical goods
„,
Machinery, equipment, and supplies «.
Other durable goods ..„
Groceries and related products .„,
Farm-prod uct raw materials
Other nondurable goods ...

3,554
1,316
339
287
423
268
168
134
88
533

5,542
2,446
412
263
1,006
262
231
160
149
613

Retail trade .
General merchandise stores .......
Food stores
Apparel and accessory stores
Other .

2,134
348
915
214
658

Finance, except banking .

1,153
530

503

Real estate .

4,462

5303

Services
„
Hotels and other lodging places .
Business services ....
Computer and data processing services .
Other business services .
Motion pictures, including television tape and film ........
Engineering, architectural, and surveying services
.
Accounting, research, management, and related services .
Health services .
Other services .

4,943
741
657
299
359
182

°

6,711
1,578
865
423
442
334
251
145
37
3,500

Other industries .
Agriculture, forestry, and fishing ..........
Mining „.„„„........„....„„..„.
Coal
Other „.
Construction ,
Transportation
„
Communication and public utilities .

3,375
146
1,326
361
965
160
1,219
524

3332
142
1,065
84
981
440
1.569
616

Soap, cleaners, and toilet goods
Other
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products .

».

2

.,

'Revised.
Preliminary.
Suppressed to avoid disclosure of data of individual companies.

All countries, all industries .

4,024
2,821
1,203

19,111

Petroleum ....
Petroleum and coal products manufacturing .
Other

1988'

1989*

(°)
82
60

208

1,282

2,015

1,205
809
984

1,077

1.993
636
674

683

599
848
255
624

44322

By country
W45
Europe .......

23,969

Austria
Belgium
Denmark

38
617
219
116
1.894

France „ „
Germany, Federal Republic of
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands... „
„ .

4,251
160
387
255
69

Norway
Spain
Sweden
..
Switzerland
United Kingdom .
Other ....

103
29
2,786
1,633
7,767
15

3,623

„
M

„

Latin America and Other Western Hemisphere

944

South and Central America . ~
Brazil
..........................
Mexico ....
Panama ...
Venezuela
Other

412
27
70
137
110

Other Western Hemisphere
Bahamas .
Bermuda .
—
Netherlands Antilles
United Kingdom Islands, Caribbean
Other .......

532
34
225
219
51
4

Africa
South Africa
Other

489
150
339

Middle East .
Israel
Kuwait
Lebanon ......
Saudi Arabia
United Arab Emirates
Other
„,

684
11
216
26
345
73
12

Asia and Pacific
Australia
Hong Kong ...
Japan .............
Korea, Republic of ..
Malaysia
New Zealand ,
Philippines .
Singapore ...................
Taiwan ....
Other.

9,482
977

252
7,757
227
11
104
13
47

8

United States

410

Addenda:
European Communities (12) l
OPEC2

19,024
1,049
By industry

Government and government-related entities..
Individuals, estates, and trusts .
Petroleum..
Agriculture..
Mining ........
Construction .
Manufacturing
Transportation, communication, and public utilities .,
Wholesale and retail trade .
Banking
Other finance and insurance
Real estate ....
Services ..

1.692
4.631
4,581
70
1,354
394
22,210
1,562
1,875
276
1,724
2^80
1,373

p

D




' Revised.
' Preliminary,
D
Suppressed to avoid disclosure of data of individual companies.
1. The European Communities (12) consists of Belgium, Denmark, France, Germany (Federal Republic of).
Greece, Ireland, Italy, Luxembourg. Netherlands, Portugal, Spain, and the United Kingdom.
2. OPEC is the Organization of Petroleum Exporting Countries. Its members are Algeria, Ecuador, Gabon,
Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria. Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.

Foreign Direct Investment in the United States:
Detail for Historical-Cost Position and Balance of Payments Flows, 1990
TABLES 1-18 present BEA's country-by-industry estimates and
estimates by detailed account of foreign direct investment in the
United States (FDIUS). The tables cover the FDIUS position on a
historical-cost basis and the related capital and income flows. The
estimates incorporate the results of BEA's 1987 benchmark survey
of foreign direct investment in the United States; for more information on these results, see the technical note in the June 1991

Table 1.—Foreign Direct Investment Position in the United States on
a Historical-Cost Basis

SURVEY OF CURRENT BUSINESS article "The International Investment

All areas
Petroleum
Manufacturing
Wholesale trade
Other

Direct investment position on a
historical-cost basis

Change
Millions of dollars

Perc nt

Millions of dollars
1989

1990

1989

1990

1983

Position of the United States in 1990." Tables 16 and 17 present
estimates of the position, capital flows, and income for all countries from which there was investment and for all industries in
which investment was made. Compared with the tables published
in August 1990 and in prior years, some of the tables presented
here contain more country detail and modified industry detail. In
addition, alternative measures of rates of return on FDIUS have
been prepared; these, along with the measure that has appeared
in the past in table 7, are presented in the special note on page
44.
Summary estimates of the position (valued in current-period
prices as well as historical costs) and offlowsand analysis of these
estimates were published in the June 1991 SURVEY articles "The
International Investment Position of the United States in 1990*
and "U.S. International Transactions, First Quarter 1991." For a
general description of BEA data on FDIUS, see "A Guide to BEA
Statistics on Foreign Direct Investment in the United States" in

19S9

1990

314,754
36,006
122,582
43,725
112,441

373,763
37.201
151,820
46,297
138,444

403,735
38.004
159,998
52.646
153.087

59,008
1,195
29,238
2472
26,003

29,972
802
8,178
6,349
14.643

18.7
3.3
23.9
5.9
23.1

8.0
2.2
5.4
13.7
10.6

26,566
1.181
9,730
2.U8
13437

28,686
1,233
9,934
2,079
15,441

27,733
1.417
9,327
2,359
14,629

2,121
52
204
-39
1,904

-953
184
-607
281
-812

8.0
4.4
2.1
-1.9
14.1

-33
14.9
-6.1
134
-53

203,942
33,499
95,641
20474
59,228

242,961
32,476
120,132
20,072
70,280

256,496
31,197
125,568
19,887
79 843

34,019
-1,023
24,491
-502
11 052

13335
-1,279
5,436
-185
9463

16J
-3.1
25.6
-2.4
18 7

5.6
-3.9
44
-.9
136

48,128
9,045
17,843
2,760
18,480

56,316
9,889
23.709
3,353
19366

64,333
10427
24,446
4.424
24,937

8,188
844
5,866
593
885

8,017
638
737
1.071
5471

17.0
9.3
32.9
21.5
4.8

14.2
6.5
3.1
31.9
28.8

95,698
19,522
41.708
6,461
28,007

105411
16445
51,798
4,438
32,730

108,055
15,310
52,955
4,173
35,617

9,813
-2,977
10,090
-2,023
4,723

2444
-1,235
1,157
-265
2,887

10.3
-15.2
24.2
-31.3
16.9

2.4
-74
2.2
-6.0
8.8

83,498
-38
15,169
27,645
40,723

16,193
30
2,913
3410
9,740

16,179
1,190
5,673
9320

31.7
(')
26.3
19.0
45.0

24.0

13,978
21,972
31.403
34,797
3427
7,775
2,174
21,320

36,008
5,427
9.933
2,755
17,893

6,676
2,136
1,630
-397
3407

1,212
1,900
2,158
581
-3,427

23.7
153.5
26.5
-15.4
18.4

34
53.9
27.8
26.7
-16.1

Canada
retroieuni •>........*.*...............

Manufacturing
Wholesale trade
Other
Europe .
........ .......
Petroleum
Manufacturing
Wholesale trade
Other
Of which:
Netherlands
Petroleum »
Manufacturing
Wholesale trade
Other
United Kingdom .................
Petroleum ........................
Manufacturing
Wholesale trade
Other

the February 1990 SURVEY.

NOTE.—The quarterly survey from which the annual estimates of FDIUS
were derived was conducted by Gregory G. Fouch under the supervision of
James L. Bomkamp, Chief, Foreign Direct Investment in the United States
Branch. Richard L. Boohaker, Nancy F. Halvorson, Tracy K. Leigh, and
{Beverly E. Palmer assisted in preparing the estimates, D. Richard Mauery,
| under the supervision of Smith W. Allnutt III, Chief, Data Retrieval and
j Analysis Branch, designed the computer programs for data retrieval and
f tabular presentation.

Japan
Petroleum
Manufacturing
Wholesale trade
Other
Other
Petroleum
Manufacturing .......
Wholesale trade
Other

51,126
-64
11.065
18,462
21,664

...„„

n %

28,120
1,391
6,145
2471
18,013

.......

.

&
25.8
29.7

1. Percent change is not defined because the position is negative in 1 of the 2 years.

Table 2.—Foreign Direct Investment Position in the United States on a Historical Cost Basis by Account
[Millions of dollars]
1989

1990
Intercompany debt

Intercompany debt
Total

Equity1

Net

U.S.
affiliates1
payablcs

US.
affiliates*
payablcs

U.S.
affiliates'
receivables

113,939
11,073
52,633
16,050
34,183

159,268
12,706
60,247
23,250
63,065

45329
1.633
7.614
7,201
28,882

7,973
1.696

1354
663

8,779
908
2,272
1.003
4496

1380
(D)
918
340

256,496
31,197
125,568
19,887
79,843

180,139
23,614
81,405
12,189
62,931

76356
7483
44,163
7,699
16,912

102361
8.615
49,519
9,804
34,423

26,005
1,033
5,356
2,106
17,511

824

64333

38,416

25.918

28,202

2,284

382
153

24,446
4,424
24,937

11309
2430

12467
2.797
12,024

1,258
267

48,654

*J

8,117
197
1383
611
5,927

108,055
15,310
52,955
4,173
35,617

69445
9,082
31,906
2,579
25,978

38410
6,228
21,049
1494
9,639

46,669
6457
22,773
2,457
14,882

8,159
329
1,724
863
5,243

18,137
-124
2,702
5,629
9,931

23406
152
3,128
8,850
11,376

5368
276
426
3,221
1,445

83,498
-38
15,169
27.645
40.723

59,152

24346

20,345

29,631
184
4.356
10,142
14,949

5,285

3,920
7300

5*32
1,777
2,067
833
956

14,256
2,108
3,138
2,271
6,739

8*25
332
1,071
1,438
5,783

36,008
5.427
9,933
2,755
17,893

29,670
2,531
6.738
2366
18,035

6338
2.897
3.195
388
-142

18,497
2,999
4,100
2301
9,097

12,159
102
905
1,912
9,240

8,970
742
2,746
771
4,711

1*91
123
789
237
542

27,733
1,417
9327
2,359
14,629

20,834

78,706
10,249
45493
7,891
14,972

97,654
10.846
49,740
9,413
27,655

18,948
596
4,147
1421
12,683

33,836

22,480

23,304

12473
1,822

11,136
1431

11417
1.684
9,320

64,974

40437

28,395
2418

l',920

-35
13,978
21,972
31.403

49,182
90
11,277
16,343
21.472

34,797
3,527
7.775
2474
21,320

29465
1.750
5,709
1341
20364

144386
13,849
58,752
21,305
50,481

Petroleum
Manufacturing ....
Wholesale trade .
Other .

28,686
1,233
9,934
2.079
15,441

21,403
613
7,978
1445
11,272

7,279
620
1,956
534
4,169

Europe
,
Petroleum
,
Manufacturing ....
Wholesale trade .
Other.

242,961
32,476
120,132
20,072
70.280

164,255
22027
74439
12,181
55308

56316
23,709
3,353
19,366

United Kingdom ..
Petroleum
Manufacturing ...
Wholesale trade .
Other

105,511
16,545
51,798
4,438
32,730

Japan
Petroleum
Manufacturing
Wholesale trade ....
Other
Other....
Petroleum ........
Manufacturing ,
Wholesale trade ,
Other.

Of which:
Netherlands .....
Petroleum ...
Manufacturing .
Wholesale trade .
Other

Net
289,796
26,931
107,365
36,596
118.905

109,754
12.522
52,318
14,887
30,028

Canada

Equity1

403,735
38,004
159.998
52,646
153,087

264,009
24,680
99402
31,411
108,417

Petroleum ..........
Manufacturing ...
Wholesale trade .
Other

Total

34,633
1327
6.434 i
6,418
20,453

373,763
37.201
151,820
46,297
138,444

A l l areas

U.S.
affiliates'
receivables

(F)

in {'>7

436
2,842

D

Suppressed to avoid disclosure of data of individual companies.
1. Includes capital stock, additional paid-in capital, and retained earnings.




47

48

SURVEY OF CURRENT BUSINESS

August 1991

Table 3.—Change in the Foreign Direct Investment Position in the United States by Account
[Millions of dollars]
Capital inflows
Equity capital

Intercompany debt

Total

AH areas
Pctrolcurti »*».« _
**«
»
Manufacturing ...
Wholesale trade .
Other .
Canada
Petroleum
Manufacturing ......
Wholesale trade ....
Other .
Europe .
Petroleum
Manufacturing
Wholesale trade
Other .

59,008
1,195
29.238
2,572
26,003

70,551
-642
37.968
4.593
28,632

51,834
1.857
24.182
3.734
22,112

2,121
52
204
-39
1,904

3,212
102
1,034
-40
2,116

3,123

6,694
(D)
W49
254

<°)
<D)

8
(*)
94

()
2,432

34,019
-1,023
24,491
-502
11,052

43,275
-1,111
31.873
1322
10,991

31,502
1,646
18,502
2,033
9,321

Of which
Netherlands
Petroleum
Manufacturing .
Wholesale trade .
Other

8,188
844
5,866
593
885

7,338
700
6,018
649
-29

2,540
()
2.248
71
D

United Kingdom
Petroleum
Manufacturing ....
Wholesale trade .
Other .....

9,813
-2,977
10,090
-2,023
4,723

18.866
-2,921
16,475
-142
5,454

14,770
()
8,878
947

„.

16,193
30
2,913
3310
9,740

17,425
26
3353
3,403
10,642

13344
() )
(D
3,901
1,615

Other
Petroleum .
Manufacturing ...
Wholesale trade .
Other

6,676
2,136
1,630
-397
3,307

6,639
340
1,707
-292
4,883

3,414
(D)
1,210

Japan
Petroleum
Manufacturing
Wholesale trade
Other

Increases in
U.S. affiliates'
payables

Increases in
U.S. affiliates* receivables'

22,511
-495
12,851
1,048
9,107

25,063
-186
14,740
1,698
8,812

2,552
309
1,889
650
-295

1,210
(D)
242

357

<°>

1,567
-28
448
-61
U08

-1,308
-2,103
1,308
-126
-386

1,162
13,081
-654
12,064
-384
2,055

15,509
-679
13,190
-147
3,145

2,428
-26
1,127
237
1,090

357
712
44
-86
-312

4.441
()
3,726
664
D

4,345
-160
3,776
532
196

-1,864
-2,310
758
-16
-296

5,960

7,447
-654
6,643
-784
2042

1,487
()
(D
-196
289

4383
44
149
1.542
2,647

200
D
()
68
-125

3,604
476
953
364
1,812

-432
(D)
488
D

Reinvested
earnings

3,746
(*)
804
101
2,842

0

8
(°)
1.248
(*)
399

8
140
52
80

8

-3,844
-2,004
935
-189
-2,587

224
61
-1,478

-603
-35
-629
120
-60
-S12
62
33
-243
-663

Net

-1.073
(D)
4,183
81
1.668
(D)
4,037
464

8

s

50
-133

P

°

1990
All areas ...
Petroleum
Manufacturing .
Wholesale trade
Other

-14,008
1,442
-3,997
-1,354
-10,100

4,185
-1,448
315
1,163
4,155

14,882
-1,143
1.495
1,946
12384

10,697
306
1.180
782
8,429

-937
71
435
-47
-1,396

-380
(D)
-602
130

-191
165
^174
232
-115

189

-8^54
1,293
-3,266
-1,026
-5^54

-2350
-2,667
-1.430
-193
1,940

4,708
-2,230
-222
392
6,768

7,057
436
1,209
584
4,828

-2,682
539
-883
-299
-2,040

3,438

4,897
30
1,050
1,113
2,704

1,460

-1,415
659
-251
30
-1.854

-2,027
-2355
-326

-1,985
-1,783
-2,013
-73
1,885

42
D
()
341
252
D

555
0

-2,181
-15
-1,169
99
-1,096

6,209
D
()
1,218
1,671

6,125
32
1,229
1,292
3373

()
1
0
-379

383
(D)
12

-2337
93
2
-379
-2.053

706
D
()
1,129
-445

4,241
890
962
30
2,359

3,534
()
(D)
-167
474

29,972
802
8,178
6,349
14,643

37,213
772
11,610
7,263
17.568

47,035
779
15,291
7,454
23,512

50,431
786
16,556
7,650
25,440

-953
184
-607
281
-812

13
184
285
175
-631

1330

1,416

86

13,535
-1,279
5,436
-185
9,563

16^14
-1,308
7,552
220
9,850

27,218
66
12,248
1,439
13,465

8
&
29^90
66

8
8

Of which:
Netherlands
Petroleum .
Manufacturing ...
Wholesale trade .
Other

8,017
638
737
1,071
5371

7,075
607
1,132
1,100
4,236

United Kingdom .
Petroleum
Manufacturing ,
Wholesale trade .
Other .

2,544
-1,235
1,157
-265
2,887

,.053

Japan
„
Petroleum .
Manufacturing ...„„.
Wholesale trade ....
Other .

16,179
-3
1,190
5.673
9,320

17336

Other ..
Petroleum »»+**.........
Manufacturing
Wholesale trade ....
Other

1,212
1,900
2.158
581
-3,427

3,549
1.900
2,044
830
-1.225

Europe..
Petroleum .
Manufacturing
Wholesale trade .
Other
„

3,895

1,728
6,038
9.573

• Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. An increase in U.S. affiliates' receivables is a decrease in intercompany debt and, thus, a capital outflow.

D




(°)

452
92

vm
1,265
196
1.928

2372

13,172
1.612
14,740

924
173
1,275

6,320
()
(D)
1,841
400
D

6,954

7,110
D
()
3,659
250

8,099

634
0
110
(*)
524
989
0

13309
(D)
1,679
4,268

1,952
400

251
3354
13,864

7375
5,179
()
(D)
913
1,654
D

5^62
693
925
1,655
2,289

SI
999

Q
103
D

D

P

Valuation
adjustments

49

SURVEY OF CURRENT BUSINESS

August 1991

Table 4.—Foreign Direct Investment in the United States: Earnings and Reinvestment Ratios
[Millions of dollars or ratio]

Distributed

Total

'-2
$
-1.009

6,269

2,826
672

1,519
(D)
1,058
238
1
67
17
153

357
712
44
-86
-312

2,828

4,691

529

-296

973
1
44
193
736

-603
-35
-629
120
-60

400

~ (° )
780

6,282

-4394

1,160

-2,163
540
-563
-272
-1,868

519

8 43

8
P>
P)

38

P)
P)

-812
62
33
-243
-663

349
61
34
15
239

14

.50
.49

?!

4,046

j

320
27
172
3,935

2308

2,759

-1374

Si

"4g
-1.130
193
-365
-1392
102
176
-366
-1,805

864
38
94
731
444
9
175
13
247

Reinvested

Distributed

Total

-10,164
3,446
-4,932
-1,165
-7313

-10365

-201

P)

-2,311

2,621

8

-7,477

36

-16

-201

170

-41

P)
P)

12

-69

-7,233
891
-2,046
-1,011
-5,067

13
-2305
2327
-111
102

-7,246
3396

P)
P)

-937
71
435
-47
-1396

-997

P)
P)

966

-463
122
67
-228
-424

488

W 2

.60
.99
.39

370
-34
-585
313
677

Other
Petroleum
;...
Manufacturing
Wholesale trade ...
Other .

-448

Reinvestment
ratio1

-14,008
1,442
-3.997
-1354
-10,100

8*

233

Japan
Petroleum ...........
Manufacturing ....
Wholesale trade .
Other

8,079
867
4,272
401
2338

g

-1.864
-2310
758

(D)

Reinvested

Distributed

P)

1,724

United Kingdom
Petroleum
Manufacturing ..
Wholesale trade
Other

Total

.80

-1308
-2,103
1308
-126
-386

595
713
110
-69
-159

Qf which:
Netherlands
Petroleum
Manufacturing ..
Wholesale trade
Other

469

4,961

Europe
Petroleum
Manufacturing .
Wholesale trade .
Other
i

Earnings

-5,930
2309
275
-953
-7361

8
<*>

-1,122
72
224
61
-1,478

689

-432

g
>

-3^44
-2,004
935
-189
-2387

1,651

Canada
..........
Petroleum
Manufacturing
Wholesale trade .
Other .

Reinvestment
ratio1

Reinvested

8,280

4,436

All 2
Petroleum ...........
Manufacturing....
Wholesale trade .
Other ....

1989-90 change in earnings

1990

1989
Earnings

K

-S354
1,293
-3,266
-1,026
-5354

185
-1
212
-108
82

-900
-5.169

-2,682
539
-883
-299
-2.040

P)

P)
P)
P)

-2,758
-173
-673
-203
-1,709

281
(*)
253
10
18

-3,040
-173
-927
-213
-1,727

-1,415
659
-251
30
-1,854

8

-308
507
784

-756
-2,462
1,793
-38
-49

449
2.969
-1,009
46
-1358

-2,181
-15
-1,169
99
-1,096

o

-1,687
20
-545
-120
-1,041

-109

-1378
20
-540
-21
-1,036

-1,429
-2C
110
-137
-1,381

96
-51
141

.99

8
p)
.51
P)
P)

-2337
93

.91
.01

-379
-2,053

£)

-1,607

LI

-95
-5

i

-1325
31
-31
-135
-1,390

• Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. Reinvested earnings divided by earnings.
2. Reinvestment ratio is not defined because reinvested earnings are negative.

Table 5.—Foreign Direct Investment in the United States: Income

Table 6.—Source and Relationship of Income and Its Components

[Millions of dollars]

[Millions of dollars]

Income
1988
All areas .

13,626
2.585
7,421
2,448
1.173

Change
1990

1989

11312
2^28
6393
951
1,741

1,782
3,171
4,270
-536
-5,123

-2,114
-357
-1,498
S6&

-9,730
943
-2323
-1,486
-6,864

-759

-45
119
508
(*)
-672

-22
31
-52
49
-51

62
-19
169
-175
87

-828

-84
107
391
126
-708

Europe
Petroleum
Manufacturing .
Wholesale trade .
Other .

11,749
2329
6,718
1,158
1,343

10,630
1,929
6,448
609
1,644

3,424
2,780
4306
^t76
-3,185

-1,119
-600
-270
-549
300

-7,206
850
-2,142
-1,085
-4.829

Of which:
Netherlands
Petroleum
».
Manufacturing .
Wholesale trade .
Other.

2,109
652
1,043
138
276

2310
776
963
7
563

-204
605
328
-187
-949

201
124
-80
-130
287

-2314
-171
HS36
-195
-1313

United Kingdom .
Petroleum .........
Manufacturing .
Wholesale trade .
Other .

6,957
1,848
3,770
551
787

6,220
1,480
3,789
238
713

5,612
1,907
4,421
179
-«95

-736

-74

-608
428
632
-60
-1,608

-364

-1.046
277
412

-294
51
-272
-774
701

-1307
26
-551
-51
-930

-1,233
279
502
-337
-1,677

-678
161
-234
-224
-382

-1,079
86
202
-175
-1,192

Other.
Petroleum <
.
Manufacturing ...............
Wholesale trade
Other .
' Less than 5500.000 (±).




-107

138
340
175

-7
-223

1,102

641
525
32
535
62
-103

Source and relationship

1990

Canada ..
Petroleum .....
Manufacturing ..
Wholesale trade
Other ...„

Japan
Petroleum .,
Manufacturing
Wholesale trade .
Other .

1990
amount

Line

1989

328
1342
-153
193
301

-162
-485

-368
19
-313

Earnings
....,
Capital gains/losses
Earnings before capital gains/losses
Distributed earnings .....„„.

„.

..„„„........„

Reinvested earnings .
Withholding taxes on distributed earnings ....
Interest (net of withholding taxes) .
Income .

-5.930 2 + 3 1
-1,858 Reported 2
-4,072 Extrapolated
8,079 6 + 1 1
-14,008 1 - 4
315 Extrapolated3
8,027 Extrapolated *
1,782

1-6 + 7

3.640 8 - 2
Income before capital gains/losses .
-6,244 1 - 6
Extrapolated*
Earnings (net of withholding taxes)
7,764
Distributed earnings (net of withholding taxes)..
1. Data are as reported by the sample; no estimate for nonreporting affiliates is made.
2. Universe estimates are calculated by extrapolating forward data from the 1987 benchmark survey, based
>n the movement of reported sample data in subsequent years.

SURVEY OF CURRENT BUSINESS

50

August 1991

Table 7.—Foreign Direct Investment in the United States: Income and Its Components
[Millions of dollars]

Earnings
Before
capital
gains/
losses

Total
(=col.2
less col.
5 plus
col. 6)
(1)

Canada
Petroleum
Manufacturing
Wholesale trade
Other

(2)

11,512
2,228
6,593
951
1,741

4,436

-107
138
340
175
-759

AH areas
Petroleum
..................
Manufacturing ......................
Wholesale trade
Other

-432

2,586
-84

-1,009
4,961

Capital
gains/
losses

Withholding taxes
On distributed
earnings

(3)

(4)

-680
135
314
150
-1,279

9,237
951
4,322
650
3,315

340
6
67
15
252

369
7
78
19
266

829

5,887
829
3,684
364
1,009

7,167
864
3,879
450
1,974

9
0
2
C)

1,724
63
855
77
729

1,776
65
863

155
(D)
37

3,547
(D)
2,102
193

4,162
(D)
2,226
227

42
C)
27
12

815
2
93
43
677

950
6

135

8

55

17
2
3
1
11

327
73
237
67
-50

752
74

2,310
776
963
7
563

595
713
110
-69
-159

539
698
47

United Kingdom .
Petroleum
Manufacturing
Wholesale trade
Other

6,220
1,480
3,789
238
713

2,828

233

2,253
856
1,646
33
-281

574
(D)
78
(D)
514

149
-35
-564
243
505

221
(*)
-21
70
172

-811
66
-83
-168
-626

348
56
150
-60
202

t95
328
1,342

370
-34
-585
313
677

Other
„.
Petroleum
Manufacturing ....
Wholesale trade .
Other

-153
193
301
-162
-485

122
67
-228
-424

(9)

(7)

7368
910
4,082
489
1,887

Of which:
Netherlands
Petroleum .
Manufacturing
Wholesale trade
Other

Japan
Petroleum
Manufacturing .
Wholesale trade
Other

(8)

(6)

2,826

4,132
1,831
2,602
157

U.S. affiliates*
receipts

Total
(=col.I0
less col
13 plus
col. 14)

1,646
(D)
318
(D)
1,773
247
(D)
-35
(D)
269

10,630
1,929
6,448
609
1,644

1,724

U.S. affiliates'
payments

(5)

2,790
1,998
2,269
382
-1,858

Europe
Petroleum ...........
Manufacturing ....
Wholesale trade .
Other

672

Interest (net of withholding
taxes)

(D)
1,130

8

°

Capital
gains/
losses

Total

(10)

(12)

240
160
1,428

1,782
3,171
4,270
-536
-5,123

-5,930
2,309
275
-953
-7,561

-1,072
2,522
-542
-215
-5,836

30
1
11
4
14

-45
119
508
(*)
-672

-448

87
77
475
-28
-438

"5

-1,955
2,358
40
-226

U.S. affiliates'
payments

195
85
965

449
(D)
-997
-2,272

(°)

9,938
965
4,460
617
3,896

277
185
1.385

411
-1
60
26
326

443
2
73
31
337

32
3
14
5
11

5,965
717
3,708
286
1,253

780

i°)

7377
776
3,928
380
2,294

1,413
59
220
93
1,041

1,971
65
893
86
927

2,056
67
936

85
2
43

8

3,270
611
2,042
124
493

8

3,990
(D)
2,146
183

-2,163
540
-563
-272
-1,868

5,612
1,907
4,421
179
-895

2,520

104
59

976

1,088

112

(D)
150

424
16

(°)

-1374

-364
-7
-1,046
277
412

-1317
-15
-1.130
193
-365

-1,233
279
502
-337
-1,677

-1,892
102
176
-366
-1,805

D

-267
-300
-77
-24

-1,029
101
65
-184
-1,011

2,508

183

740

1,718
118
-1,020
-1,176
-15
-1,123
222
-260

124
33
455

61

1,029

354

i

-559

(°)

-204
605
328
-187
-949
615

315
39
189
14
73

•S

^,394
-1,863
617
-539

(16)

8,027
901
4,183
431
2,511

-317

<°>

U.S. affiliates*
receipts

(15)

(14)

(13)

-535

3,424
2,780
4,306
-476
-3,185

Interest (net of withholding
taxes)

Withholding taxes
on distributed
earnings

-1,858
-213
817
-738
-1,725

8

°

Earnings

8
frill
-354
-141
O
-29
-105

()

P

D

(°)

675
177
329
30
139

1
111
-182
-794

$
56

* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.

Table 8.—Foreign Direct Investment in the United States: Royalties and License Fees and Charges for Other Services
[Millions of dollars]
1990

1989
Royalties and license fees

Charges for other services1

U.S.
affiliates'
payments

U.S.
affiliates'
payments

Net

U.S.
affiliates'
receipts

Net

Charges for other services1

Royalties and license fees

U.S.
affiliates'
receipts

U.S.
affiliates*
payments

Net

U.S.
affiliates*
receipts

U.S.
affiliates'
payments

U.S.
affiliates'
receipts

1,662
11
1,109
324
218

343
(*)
154
69
120

-332
-219
323
-465
28

3,013
128
1,420
341
1,125

3345
346
1,096
807
1,096

1,621
16
1,190
256
159

1,954
16
1,323
352
263

333
1
133
96
104

-156
-246
276
-591
106

3386
150
1,464
485
1.288

3,842
396
1,187
1,076
1,182

-52
0

23
0
13
4
6

75
0

326
-123
291
23
135

897
26
368
69
434

571
150
77
46
299

-16

ss

8

39
0
9
8
22

555
-114
254
20
395

984
21
328
78
557

429
135
74
58
162

1,108
11
915
41
140

U78

170
0
82
40
47

-180
-10
-72
-172
74

1,503
99
834
103
466

1,683
109
906
275
392

1,088
28
185

1,509
16
1,187
85
221

193
1
99
58
36

-336
-20
48
-301
-62

1,565
122
936
120
386

1,900
142
888
422
448

107
0
95

113
0

174
<)
159
2

234
1
184
5
44

175
0
158
(*)
17

180
0
159
1
20

138

246
<•)
194
11
42

332
8
303

404
8
334
6
57

-209
<)
-240
-29

383

592

424

507

8

346
46

()

8

398
9
D

Japan
Petroleum .,
Manufacturing ,
Wholesale trade
Other

299
0
66
230
3

331
(*)
85
237
9

-1
90
-329
-162

346
139
116
91

748
2
49
444
253

Other
Petroleum
Manufacturing ...
Wholesale trade .
Other

-36
0
-24

30
0
14
1
15

-76
-84
14
12
-19

267
2
78
53
134

343
86
64
42
152

All areas .
Petroleum
Manufacturing .
Wholesale trade .
Other
Canada
„.—.
Petroleum
..,.......,.„.,...
Manufacturing
....,....._„„,
Wholesale trade .
Other
Europe
Petroleum
Manufacturing
Wholesale trade
Other
Of which:
Netherlands
...
Petroleum
Manufacturing
Wholesale trade
Other

954
255

11
997
82

D

D

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. Consists of service charges, rentals for the use of tangible property, and film and television tape rentals.

D




D

°

78
349
101
250
-2
-29
0
-1

0

D

346

23

()
-185
-74

148
24

661
()
333
97

386
(*)
116
259
11

-560
-1
23
-298
-284

450
(*)
140
206
103

1,010
2
118
504
387

20
0
11

-115
-111
-48
-12
56

387
7
59
80
241

503
117
107
93
185

(°)

(°>
°

(°)

In 1990, U.S. affiliates' payments of service charges were $3,072 million, payments of rentals for the use of
tangible property were $310 million, and payments of film and television tape rentals were $4 million; U.S.
affiliates' receipts were $3,661 million. $180 million, and $1 million, respectively.

51

SURVEY OF CURRENT BUSINESS

August 1991

Table 9.—Foreign Direct Investment in the United States: Position on a Historical Cost Basis and Balance or Payments Flows, 1980-90
[Millions of dollars]
1980

1981

1982

1983

1984

1985

1986

1987l

1988

1989

1990

Direct investment position on a historical-cost basis

83,046

108.714

124,677

137.061

164^83

184.615

220,414

263394

314.754

373,763

403.735

Capital inflows (outflows (-))
«
equity capital
.. ......
Reinvested earnings
Intercompany debt ...».••...*...«*.**.»...—.......«..*..•.**.*.*.....••*..-•..

16,918
9,027
5.177
2,713

25,195
14,795
2.945
7/155

13,792
9.723
-2,379
6.448

11.946
8.699
89
3,159

25,359
15,044
2,896
7.418

19,022
15,214
-1378
5.186

34.091
25.086
-2.293
11.298

58,119
34,319
-*83
24,683

59,424
45.046
2.816
11462

70451
51,884
-3,844
22411

37.213
47.035
-14.008
4,185

8.635

6.898

3,155

5498

9.229

6,079

5,379

7.198

13,626

11412

1,782

378

413

325

405

597

466

602

896

1,001

1,318

1,621

50

-52

-403

-471

-478

-696

-U84

-530

-178

-332

-456

Income
Royalties and license fees, net payments
Charges for other services, net payments^

1. There is a break in series between 1986 and 1987 because, beginning with 1987, the estimates of all
items have been revised to incorporate the results of the 1987 benchmark survey of foreign direct investment
timatcs for
in the U.S. Previous estimates 1 these years were, and current estimates of 1980-86 continue to be, linked

to the 1980 benchmark survey.
2. Consists of service charges,rentalsfor the use of tangible property, and film and television tape rentals.

Table 10.1.—Foreign Direct Investment Position in the United States on a Historical-Cost Basis, 1987
[Millions of dollars]
Manufacturing
All industries

AH countries .......
Canada .
Europe.
Austria
Belgium
Denmark ..,,....,.,
Finland .
France .
Germany, Federal Republic of
Ireland
Italy .
Liechtenstein ..
Luxembourg ,
Netherlands ...

Food
and
kindred
prod*
ucts

Total

Primary
and
fabricated
metals

Machinery

26^91

7,824

15,727

37,427

7,972

14354

541

455

2,925

1,536

2,629

2,182

1340

1,619

,4.300

13,238
0

23318

3,273

12357
56
29
6
42
998

22,214

17,191
129
378
262

5043
0
210
(*)

35
21

744
4,728

385

655

-754

626

1331
0

181,006
245
3,371
498
295
10,137

661
131
199
5,816

21.905
544
1,310
190
590
46.636

10,298
244
155
26
261
15,615
184
15
3,287
6,921
30372
29

23
202

s

2344
33
1
5,260
0
10
0
4.131

4,508

(

3

8
114

3

21

45
0
0
5359

467

408
2392
7,844

1,019
(*)
88

()

(°)

1,434

Other Western Hemisphere .
Bahamas
Bermuda .
Netherlands Antilles
U. K. Islands, Caribbean .
Other .....

6,168
179
1.087
8,062
-3335
175

2,915

8

204

&
42,108
5,369
941
34,421
198
7
263
73
391
199
246

14
-1

-5
100

?

2
-1
2

(*)
(*)
C)

0
0
0
0
0
0
0

-3
-3
(*)
4
2
0
0
1
0
0

1,678

1,183

74
281

()

8
35.600
619

63469
169

10
4
0
5
(•)
0
0
1,143
602
0
0
0

145
74
39

0
10390

20,316
-3

• U s s than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. OPEC is the Organization of Petroleum Exporting Countries. Its members are Algeria, Ecuador, Gabon,
Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.

51
114
1,198
1.824
5,136
126

-24
(*)

1,231
0
()
1,209

932
0
0

3
10
582
764
13321
12

235
51
63
101

25
2

(*)
7387
2,185
364
4,970
35

3
fi

WM

1
C)

2

43
142

2432

14
2

<>

8

(°)

374
41
55
1,990

1427

8

4,973
632
3,898

(°>

-101
-31

2

8

23
-1
2.056
728
4,056
<•)

°)

521

161.061
4,658

(

(°)

297
2.423
157

2.256
12
-5
2
0
2,098

(°)
115
62
7
2^58
2,238

2491

1,826
6
105
1,686
15
2
C)
0

-1
1414
308
1,113
91

C)
91
-I
92
-2
0
-1
0
0

2,057
302
178
1,469
19

8
1,680
74
519
988
99

972
0
4
5
1,624

6,229
0

578
0
6
2427

(°>
0
(°)

<3

127
2,023

Real
estate

Services

Other
industries

17,712

22,025

13414

11323

3,298

15^06

8,085

182
-27
-33
273
-27




7389

Insurance

93365

3,097

Addenda:
European Communities (12)
OPEC1

Finance,
except
banking

1,088

3,935
293
180
2,627
411
425

Asia and Pacific ...
Australia ......
Hong Kong
Japan
„.
Korea, Republic of
Malaysia
New Zealand
Philippines .-.
Singapore ...-.
Taiwan ..
Other .....

Banking

Retail
trade

37,815

10,103

Middle East .
Israel
,
Kuwait
Lebanon .
Saudi Arabia .....
United Arab Emirates .
Other .

Wholesale
trade

24,684

South and Central America
Brazil ....
Mexico
Panama
Venezuela
Other

Africa
South Africa ....
Other

Other
manufacture
ing

263394

352
442
4.910
13.772
75419
288
Latin America and Other Western Hemisphere .

Chemicals
and
allied
products

3,848

260

2,084

1332
(•)
0
0

9,158

8,089

26
0
4
80

()

4,988
16
38
77

25
133
1,485
0

(?)

0
0
3,143

(°)

1,040

3
65

18
3,641

101

()

fi

1.685
0
857

70
0
4
66
0
(*)
786
0
126
479

8

1497
115

<>
891
2.281

SI

2.212
5,923
0

1,200
1,060
258

8
90
323
139
0

°

0
4
-3418
-64
1,315
-4,772
0

-64
0
-85

8

a
4.033
19
2,969
390
6
58
253
28
45

1

o
I

0
0
16,065
45
122
15,927
-66

8

17

-6
-14
33
16

9,450

20.823

13,820

87
0
87

8
(*)
o

4.919
0

104
3.655

0
0
13
3,065

(°)

$

2,994
5
0
2
0

13
89
144

(°)

6491

<°)
0
0

188
0
0
41

5,446

0
10,743

(°)
°

5325
180
166
4386
4
1
89
(*)
367
5
28
8.861
772

8
56
41
25
C)
39
189
1462
(*)

158
-2
54
86
13
743
32

8
519
116
-1
117
29

(4
0
(•)

10

8
(*)

751

901

737
(*)
665
-10
66

4..3S
373
0
0
0
0
0
0
0

38
2
166
1.002
4.980
(')

2
0
2

(*)
0
C)

<)
16
112

fi

(°)

1398

569
13
52
466
39
0

4
3
1

°

8

114
76
9
-7

130
1,973
479
-7

2479

568
392

13
31
-19

31
244

1,672
-113
168
1,603
4
0
(*)
0

(°>
?

8
-2
381

(°)
0
57
(•)
(*)
C)

4,664
36

SURVEY OF CURRENT BUSINESS

52

August 1991

Table 10.2.—Foreign Direct Investment Position in the United States on a Historical-Cost Basis, 198S
[Millions Of dollars]
Manufacturing
Chemicals
and
allied
products

Primary
and
fabricated
metals

Machinery

All industries

........

............

Germany, Federal Republic of
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other

—
..........

«

16,458

30,926

10^73

9,730

1,031

491

208,942
392
3,471
588
452
13,233

33^499
0

95,641
222
810
100
354
7,886

14,683
0

26,971
46
0

879

2,416

645

25,250
725
752
181
-131
48,128

345

13.980
402
540
34
70
17,843

638

7.127
7
366
0
-3
4.805

South and Central America
Brazil
Mexico
Panama
Venezuela
Other

286
218
2,878
540
409

„
...... . .

6,911

Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
.•.
U. K. Islands, Caribbean
Oihcr
„

„
1.067
8,935
-3.867

™
„

441
37
404

„

Other
Middle East
Israel
" ..""I
Kuwait
.
Lebanon
Saudi Arabia
United Arab Emirates
Asia and Pacific
Australia
Hong Kong

_

.„

_„

»
„
_

„

Malaysia
New Zealand
Philippines
Taiwan
Other

.............

Addenda:
European Communities (12)
OPEC'

!..

~

6370
587
3.954
-7
1.826
111
100




D9

9,045
0

252
22
3,777
7,613
41,708
27

26
3
6,255

22,452

41374

43,725

9365

16,906

1339

2366

2,118

982

1387

17363
181
15
9
47
1,001

31381

20374
121
452
250

6330

8,440

2,759
53
58
1
(*)
3.080

2,593

-4
9
4356

-2
451
3,039
8,224

3,774

85

1,830

0
7

133
-61
-44
298
-33
-28

-2
-1
0
-1
0

3
8
-10

3,641
-29
292
3,251
127
(*)

87
0

§
136

o
0

146
/D\

9
7
-1

0
-2
207
263
4
-64
2

188342
6,487

33,393
748

o
(*)
4
(*)
-I

13,281
1,498
238
' 35
43

a

8

-17

6

44

0

o
(*)

-8
-7
-1

0
(*)

46
3,084

277
35
113
2,760

1,084
0
2
0
3
2,374

37
1
2397
1,078
6,646
1

2
15
633
803
20^06
11

30
124
1.433
2.133
6,461
116

15

-68

1,912

8(*>

-123
-55
-31
-21
-9

11
2
-4
18
-2
-3

55

1,901

8
296
1,977
(*)

i

1
-2

659
98

1,637
-42

2,097
676

393
1
-1

1,677
0
0

1,293

0
0

0
0
0
0

0
0
0
48

"I

139
87

-4
-2

I

83,359
-14

12,329

23,350
-9

4,175

1
28

1309

(*)

(*)

2
2
0

0
3306
130
107
2,930
25
43
17

a

Real
estate

Services

Other
industries

8,113

18,991

25367

19,048

13,651

1312

2370

3,468

333

2,985

3343

14338
<*>

9,239
1
26
0
2
106

11,288

5,050
16
64
116
0

8

19
126

1
93
10
225

1,604
0

1,073

141

-439
2,701

0
0
3.847

70
35
3,478

-14

41

316

-6
0

162
2,470
0

2,931
128

1,628

1,486

171
28
83
30

60

612
681
86
(*)

3

§

29

0
19373
365
268
18,462
285

S

602

55
<*)
(*)
1,426
0
121
637

0
0
(*)

8
100
411
0
0
0
0

16

-9
63
-73

0
0

29,884
-7

16.693
27

6,339

A
55

32
1,108

J
S

-29

898
1,987

4,203
19

172
586
7,790
(*)

-13
(*)
30
183
2,289
-1

1305

-3,008

(D)

3,096

<)
P

399

1,183
302

<
D

?

8

8
0

358

-5

3

388
6
57
253
29
44

102

1,264
-4,839
0

-82
0
-92
4
3
2

2,708
9
134
2,034
477
55

-3
2

<*<{

0
0
0

79
0
79

547
408
17
0
25
34
63

258

4,928
11
155
4367
74

5307
-93

o

122
0

8l

3

723

233
2,511
6,338
0

(

0

8

8

Insurance

608
0
11
2,722

(°)

0
5382
636
34
4,772
10
0
4

11
15
666

Finance,
except
banking

0
(D)
29
477
0

(°)

11
4
0

Banking

234
1
118

4
0
0

233
71
12
2,944

Retail
trade

977

618

711

60,992
7,171
895
51.126
505
42
154
73
510
329
186

• Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.1.

D

Wholesale
trade

862
0
2

11,243

Latin America and Other Western Hemisphere

Other
manu-

3303

220
511
4.713
14.372
95,698
388

„„

Africa

122382

1,181

ooooooo

Europe
Austria
Belgium
Denmark
Finland
France

36.0W

26^66

-

Total

Food
and
kindred
products

314,754

All countries
Canada

Petroleum

52
15
96
148
8.182
218

(*)

865
(*)
808
-12
56
5

0

5,666
0
(*)
0

(°)
n
o
4,124

266
0
0
4S

9,121
285
147
8,190
6
1
81

0

383
8
21

11,978
3

8,942
905

0

8
0
0
754
58
684
2
2
(D\

149
-5
53
82
13
5
250
22
8
141
75
4
120
-3
124
133
0
-I

\

2

2,469
143
15
2,314
0

4,963

94

n

o
(D)
10352

(•)

0
1
4,780
145

SURVEY OF CURRENT BUSINESS

August 1991

Table 10.3.—Foreign Direct Investment Position in the United States on a Historical-Cost Basis, 1989
[Millions of dollars]

AH countries
Canada ..
242,961
559
3.972
632
1,284
16,822
Germany, Federal Republic of
Ireland
Italy ..
Liechtenstein ....
Luxembourg
Netherlands

29,015
U18
1.374
177
512
56,316

Norway
Spain ..
Sweden
Switzerland ..
United Kingdom ....
Other

515
646
5,303
18,772
105311
332

Latin America and Other Western Hemisphere
South and Central America ..
Brazil
Mexico
Panama .
Venezuela
Other ....
Other Western Hemisphere
Bermuda
Netherlands Antilles ....
U. K. Islands, Caribbean
Other

10.812
-37
851
9,265
-122
855

Africa ..
South Africa .....
Other
Middle East
Israel
Kuwait „
Lebanon
Saudi Arabia
United Arab Emirates
Other
Asia and Pacific
Australia
Hong Kong ..
Japan
Korea, Republic of
Malaysia
New Zealand _..
Philippines
Singapore
Taiwan .....
Other
Addenda:
European Communities (12)
OPEC 1 .
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.1.

D




276
55
3,783
10,412
51,798
32

53

54

SURVEY OF CURRENT BUSINESS

August 1991

Table 10.4.—Foreign Direct Investment Position in the United States on a Historical-Cost Basis, 1990
[Millions of dollars]
Manufacturing

Total

dustries

Chemicals
and
allied
products

Primary
and
fabricated
metals

Ma-

Other
manufacturing

Wholesale
trade

Retail
trade

Banking

Finance,

xs

Insurance

Other
industries

Real
estate

Services

30436

ing

403,735

Germany1 ..
Ireland „
Italy
Liechtenstein
Luxembourg ....
Netherlands
Norway .
Spain
Sweden ....
Switzerland .
United Kingdom
Other .

„..,

22,875

41,678

17496

29,677

48,171

52,646

9350

19,089

13,075

34,626

1,417

9327

392

508

1,816

1,875

4,736

2359

-640

1,824

1,760

3,088

595

31,197
0

125,568
97
1,473
126
1,258
14,692

21,256
0

34,604

12404

22486
42

34,619
13
302
74
326
3.685

19,887
140
509
291
43
669

7,288

1,624

11325

22

8,420
49
-71
50
(D)
1,206

2

66
0
(*)
137

21328
0
24
134
25
2,727

27.770
905
1,552
184
1,831
64,333

Europe
Austria
Belgium
Denmark
Finland
France

159,998

256,496
761
4,230
772
1.763
19450

Canada

38,004

27,733

All countries .

492
7
78
-5

1.435

••0«

1,045

185

2
0
1
2,044

699
0
-7
2,218

21
79
143
5,193

7.818

181
206
4.098
27

776
9.204

683
796
5,450
17,512
108.055
349

(°>

15.216
86
552
52
81
24,446

South and Central America
Brazil
Mexico
Panama
Venezuela
Other .
Other Western Hemisphere .
Bahamas
Bermuda
Netherlands Antilles ..„.
U. K. Islands, Caribbean .
Other .

(°)
(°)
D

206
108
15310

376
69
4,938
9,113
52.955
37

19,661

3,195

1,631
91
68
16

4,016
8452
7
399
0

()

8

3
7,267

8,126

1.121
0
8
7
45
1,495

2.962
-54
37
2
(*)
4.454

2.491
66
93
43
36
3,104

6.056
246
113
45
52
4,424

8

24

-9
17
971
970
22.423
15

105
100
983
1.854
4,173
83

2,967
0

60
1,919
145

3,962

2,628

1,746

1478

2^70

1,780

280

173
14
91
48
-8
27

75
0
6
69
0
(*)

1,356
416
151

1,013
0
12
952
1
48

328
4
48
214
26
36

-28
-2
-37
11
0
0

2.455

1.671
0

222
0

8

1,942
21
177
1,221
478
45

1,471
313

-9
-3
-6

48
0
48

6
0
6

542
442
1
0

929

165
0

5
9
0

5,619

(°>

(°)

<°)

&
2,656

170

1,821

4,914
(*)
-156

(
°
8.793) 8,882
8
-1
()
-5
-8
0
0

-5
2,263

()
-11
-13

(°)

24
242

3,209
2,057
7,943
15

-133
-53

2

I

12^84
1411
2,235
11,150
-3,218
905

43
0

3,238
116

2
0
2
0
0
0
0
0
0
0

95,131
8,394
1,240
83,498
-850
31
254
77
1,129
928
431

„.,
„.

Addenda;
European Communities (12)
OPEC 2

3.682

4,114
594
1480
-18
1.786
98
75

Middle East .
Israel
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates..
Other

45
0
(*)

601
129
472

Africa
„
South Africa .
Other

266
271

229,913
5.897

30,792
4,063

1,193
150
<D)
662
6

D

i

66

„,

109,695

17.947
-1

3
(*)




1.815
348
173

64

(°)

()
0
0
0

<)
3.918
0
-1
-3

8
217
31,069

(*)
3,023
789

<°>

2,090
30
0
0
0

<°)

8

11,394

(°)

-3
0
-2
0
0
-1
0

-76
-93

0
5,244
480
264
4,210
12
32
1
54
169
21

4,859
495
14
4,289

27,830
601
332
27,645
-898
-10
13
8
21
78
40

16.995

32.290

o

8
o

(*)
14
0
0

16,632

-3347

(°)

s

-1,092

(°)

1,336
645
3,807

-97
1,409
-4,769
-1

670
214

-1
C)

• Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. In the corresponding tables for 1987-89. this line includes only the Federal Republic of Germany. In

D

527

1.068

2310

(*)

°

8

10427

7,076
414
554
3,256
2,361
491

Latin America and Other Western Hemisphere

Asia and Pacific .
Australia
Hong Kong „.„
Japan
Korea, Republic of .
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other

Food
and
kindred
products

-26
6
3
-2

35
61
6,734
-41
178
6.025
130
44

a
7,085
0

200
8,145
211

16,965
345
145
15,860
14
2
95

23

0
193

(°)

&

'8
D

°

0

8
6,663
110
D
()
6,529

(°)

<°>
(*)

1.616

3

100

15,605
<*)

10,843

20,391
160

9,109

this table for 1990, it also includes the former German Democratic Republic (GDR). This change has no effect
on the data because, prior to 1990, there were no U.S. affiliates of the former GDR.
2. See footnote 1, table 10.1.

55

SURVEY OF CURRENT BUSINESS

August 1991

Table 11.1.—Foreign Direct Investment in the United States: Capital Inflows, 1987
[Millions of dollars; outflows (—)]
Manufacturing
AH industries

Total

Finance,
except
banking

metals

Machinery

Wholesale
trade

Other
manufacturing

Retail
trade

Banking

Insurance

Other
industries

Services

Real
estate

.....

Denmark
.......
Finland
......
France ............... ................
Germany Federal Republic of

Ireland

.....
....

.....
.

""!! Z...ZZZ " 1 "!
..... ...

„

Norway
Spain
Sweden
.............
Switzerland . . . .
United Kingdom
Other
...
...

..........

1316

4,140

9,019

5,960

1,679

1,752

1384

13^5

4,286

5,912

2,124

63

1338

34

70

483

147

603

298

-31

145

124

-93

1,297

-29

592

45,872
66
353
15
71
2,997

7,988
0

19^15
16
182
-9
50
1,732

1,656
-2

6,902

936

(D)

27

-12
-2
277

940
1
-7
24
-1

599

35

996

1377
C)
0
0
6
30

5,866

8

896
16
-48
-8

20

1371
0
21
(*)
(*)
132

2,933
0

3

4307
40
77
6

180

3

3,483
14
34
-1
23
810
520

731

-89

122

970
0

88
0

-21
C)
0
-172

-7
635

31
-2
-12
570

135
0
-2
(*)

14
-108
890

0
0
363

-11
(*)
3
-3
1
826

2
(*)
114
185
4,848
-11

23
52
307
736
2.342
41

17

2

441
-1

24
-1
234
34
1,985
-2

39
546
478
0

22
-702
15

P)

219

4,411
96
10
17
4
8 484
-25
71
934
2 997
25,314
56

D

()
110
1

8
D
Q

2,973
78
-18
5
73
2,801
102
5
492
399
10,945
-11

ft

774
7
(*)
327

7
0
0
2,128

886

(D)
1
71
324
2,785

220

8

10

-261

-265

24

661

-206

295

-72
3

8
1

107
5

-150
1

-5
-3

-32
-1
-1
-26
-3
-1

17
3
30
-10

10
0

161
62

-22

693
(*)
35
618
39
(*)

-222
12
41
-312
37
(*)

75
-1
75

-IS
4
-22

-5
-6
0
1
C)
0
0

-1
0
(*)
0

3
-8

492
-5
85
464
-34
-26

842
78
155
504
26
(*)
\ l

43
,

15

ft

6
0
1

241

2

-89

ft

o

8
19
-368
-4

:

92
-11
126
-1
-16
-11
6

Saudi Arabia
United Arab Emirates
Other
-

Hong Kong

10,918
1391
478
8,791
-133
-26
102

26
196
31

8
(*)

8

l
2

Q

23
-IK)

0
0
0
0
0
0
0

2
2
0
0

1,243

441

-1
50
(*)
1

(D)
287

-1

ft

0

........

Asia and Pacific „

0
-1
1
-1

1
(*)

235
17

3,271
1,449
238
1,442
-8
-25

-369
0
7
6
1

0

(*)
72

8
(*)
-115
-17
(D)
-18
0

(°)
-5
0
0
0
0
(*)
253
109

..

171
-I
0

......
74
101

89
59
32

0
0

(*)

41,769
85

8,177
269

18,762
88

1.836

"

o

137
0
0

0

'*

0

168

-56
5
1
-42

o

(*)

<
7
ft

(*)
-1
2

(*)
0

(D)
14
9
2
(*)
(*)

8

(*)
(D)

ft

63
774

9
0
(*)
285
0
80
75

0

§ §

36
12
8
0
7

8

0

Q

-9
-6

(*)

ft
0
0
0

0

27
1,689
-140
(*)
4
1
-7
23
C)

8

266
-87
-2

0
6

C

-3
0

ft

?

0
-1

-3.321

-116
0
-119

19
1,145
-4,488
0
(*)
0
(*)

(*)
0
0
0
8

40

-2
533
-29
28
492

o
0
0
0

-2

3
1,451
(*)
0

-1
4S

(
0

ft
ft
0
0
0

0

0

fi
D
c

(°)

-2
2
8
31
10
2
4
-1

7
(*)
62
938
4,033
(*)

-I

19
0
0

1

e,

/D\
/D\
(*)
0

117
2
26
64
24
2

-321
23
-5
-331
-8
0

-7
0
-7

-2
0

43
_3
-5
(*)

2,644
12
39
2315
1
(*)
52
(*)
6
It

(D)
4

27

V
?

-16
440
-2

462

1
96
(*)

-47

(°)
103

761

101

19
26

s

ft

0
1
22

OOO

168

0

ft

O

o

-78

...

.

Addenda:
European Communities (12)

-117

50
0
(*)
763
3
(D)
4
-81
15

-24
37
7,173

74

Africa
South Africa ......
Other

0
-4

185

379
68
16
256
-1
41

.

South and Central America
Brazil .,.,.......
Mexico
„
Panama
Venezuela ...
Other

Korea. ReDublic o f
Malaysia. .
New Zealand
Philippines
Singapore
Taiwan
Other

<P)
(*)

-2309

...... .

Latin America and Other Western Hemisphere

Middle East
Israel

7,161

-2,889
-11
99
693
-3,835
166

..

Other Western Hemisphere
Bahamas.............
Bermuda
Netherlands Antilles
U K Islands, Caribbean
Other

2,944

ooo

..

24,780

33

Europe
Austria

8,476

3,704

Canada

OPEC*

Primary
and
fabri-

Food
and
kindred
products

58,119

All countries

Italy
Liechtenstein
Luxembourg
Netherlands

Petroleum

Chemicals
and
allied
products

s
(

0

-1
-2
-9
10
C)
463
-4

ft
ft

483

ft
9
10
-6
ft

0

?

8

578

164

ft
163
848
(*)
0
(*)
(*'

ft

ft
125
0
33
(*)
(*)

0
» •- ........

*".ZZ"Z

.......

...."Z!..

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.1.

D




6,441
-A

780

3,155

6,549
-6

3.154
—
2

871
1.291

2,632
(*)

969

139
-43

4,859

ft

916
-38

SURVEY OF CURRENT BUSINESS

56

August 1991

Table 11.2.—Foreign Direct Investment In the United States: Capital Inflows, 1988
[Millions of dollar; outflows (—)]
Manufacturing
All industries

Petrole-

Chemicals
and
allied
products

Prifabricated
metals

Machinery

Other
manufacturing

Wholesale
trade

Retail
trade

Banking

Finance,
except
bank-

Insurance

Real
estate

Services

ing

59,424

33,138

1,618

6,026

17*475

798

1399

3*469

200

1325

577

376

-320

258

-534

-493

-69

32,996
31
444
90

Europe ....
Austria....
Belgium „
Denmark
Finland .
France ,

-2,120

1,179

All countries

Canada

-2339
0

23,949
19
239
-4
120
2345

807

4,569

13,585

-2301

741

5,112

727

-2
26

120

3.059

Germany, Federal Republic of.,
Ireland
Italy
Liechtenstein
Luxembourg ,
Netherlands

2,403
295
-691
-4
-318
5,782
-106
63
-48
822
20,983
73

Norway
Spain
Sweden

Switzerland
United Kingdom
Other .
Latin America and Other Western Hemisphere

3323

South and Central America .
Brazil
Mexico
Panama .
Venezuela .
Other .

-164

2,829
260
172

....

-129
-3357
74

1,797
43
1,895
-96

-56
-64

20,646
2.770
85
17387
308
54
5
119
130
-51
.

32,120
1,648

* U s s than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1. table 10.1.




-2

~0
-1
0

(*)
39
0

e(*)
-2
1
-2

-2
1,515
67
-42

8
115
179
-42
11
0
C)
(*>

-2,522
64

0
691

49
269
502
0

109

8
30
64
32

23,071
4

-17
444

-9

(*)
(*)
2

P>

-56

8

-19
0

6
-77
-51

414
0

62

-1

16
0
16

C)

57
(*)
72
-2
-10
(*)

0
0
2,413

8 8
C)

74
4,953

C)
-56

199

%

23

-67

0
0
0
0
0
0
0

6392
563
-89
5,823

5

12
216

1,400

1,716

1<419

Asia and Pacific
Australia
Hong Kong
Japan
Korea, Republic of ..
Malaysia...
New Zealand
Philippines
Singapore
Taiwan
Other .

-565
750

1

*

Middle East .
Israel
Kuwait....
Lebanon
«...
Saudi Arabia .._..
United Arab Emirates..
Other

50
(*)

-15

-5
-24

-109
35

145
0

7
-339

8

-831
0

1,600

-17

32

2,842

Africa
South Africa .
Other
„

1,687

8,743

1
63

644
56
13,800
-3

-81
-41
-6

48
2 025
326

3,769

206
3,325

381
-7
38
242
115
-8

Other Western Hemisphere ~~.
Bahamas
..-.
Bermuda
Netherlands Antilles .
U. K. Islands, Caribbean .
Other
„

Addenda:
European Communities (12)
OPEC ....

Food
and
kindred
products

3304
98
-20
3,099
18

8

731
0
0

2,621

2364
179
-86
2372
0
(*)
0

5 8

0
0

-5

3.703
-6

1,092

1,664

-U12

U35

748
62

Other
industries

57

SURVEY OF CURRENT BUSINESS

August 1991

Table 113.—Foreign Direct Investment in the United States: Capital Inflows, 1989
[Millions of dollars; outflows (—)]
Manufacturing
All industries

PetroleTotal

Chemicals
and
allied
products

Primary
and
fabricated
metals
2,676

70,551

37,968

11,972

3,212

All countries
Canada

1,034

-35

Luxembourg
Netherlands

Latin America and Other Western Hemisphere
South and Central America
Brazil
Mexico ....
Panama ....
Venezuela
Other
Other Western Hemisphere
Bahamas ....
Bermuda
Netherlands Antilles
U. K. Islands, Caribbean
Other

„.

Asia and Pacific
Australia
Hong Kong
,
Japan
.................
Korea, Republic of
Malaysia
New Zealand ..
Philippines
Singapore ..
Taiwan
Other
Addenda:
European Communities < 12) ...

<°)
87

1,055

2,300
142
1,033
320
740
65

()
-11

8

6

3347
(D)
-64
181
3,208

(°)
-179

1

539
(*)
217
155
2.813
1,209

28
9
21
-12
9
C)

("5
<°)
149

()

-16

(°)

-l

100
-11
111

42

0
0

<°>
0
0

1,054
-82

(°)

762
0
0
D

-14
23
9
470
435
174
-1.322
204

28,177
D

7,050
(D)

10,616
6

137
9

(°)

2,410

9382

4433

72

403

977

386
-2
60

1,686

(°>

-107

-3

<°>

13
9
1
205

-26
5
2
0
1
206

."3

•3
649
20
-46
20
190
-142

°

-155

8
-205
12
-57
-54
-103
-3

1
-870

-6
600
-760

44
116

627

0

o

8 8
o
0
1,676
68
260
1,348
-11
-2
3
0
38

8

4,433
9

4317

2,781

2
-7
252
0

<3
0
513
()
441
804
750
0
-2S0

3378

183
55
55
0
(*)

()
0
-1

127
0

8

-9
0
-16
(*:

P

3
3.229

(*)
-27

o

Insurance

-26

8

18,471
246
399
17,425

36,496
606

I

Finance,
except
banking

-1368

50
57
16
-12

5

-154
13
150
-2
-330
2
13

• Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
f. See footnote 1, table 10.1.




1,644
-3
-313
2,235
2,074

Retail
trade

721

8 8

<)
27
61
129
5,631

5,647

,

Middle East ...
Israel
Kuwait"
Lebanon
Saudi Arabia ...
United Arab Emirates
Other ...

12
-2
164

Banking

4,593

1,958
4382

-27
0
C)
2,841

285
135
496
4,749
18,866
-56

Norway
Spain
Sweden
Switzerland ...
United Kingdom ...
Other

Wholesale
trade

-12
<>
312
-7

3,841
818
850
-14
573
7,338

Germany, Federal Republic of
Ireland
Italy

119

Other
manufacturing
7365

Machinery

10,820

43,275
301
465
44
1,014
3.569

Europe
Austria ...
Belgium
Denmark
Finland
France

Africa
South Africa
Other

Food
and
kindred
prod*
ucts

l
0
-186
-268
-4
90
C)
0
-5
0

{*)
0
3318
443
-20
3.403
-765

8

-5
7
147
-4
112

3.696
1

1306
-22

8
<*<!
0
C)

8
86
100
0
0
0
0
(*)
0

(°)

-19

()

(*)

7
583
-65
-12
597
29

4328
-379
(D)
4,418
m

o

73
&
(*)

D

1,639
40

58

SURVEY OF CURRENT BUSINESS

August 1991

Table 11.4.—Foreign Direct Investment in the United States: Capital Inflows, 1990
[Millions of dollars; outflows (—)]
Manufacturing
All industries

Total

Food
nnH
ana
kindred
products

Primary
and
fabricated
metals

Whole-

Machineiy

Other
manufacturing

trade

Banking

Retail
trade

Finance,

Insurance

Real
estate

Services

Other
tries

ing

37,213

772

11,610

-991

6,119

4,563

-324

2^42

7,263

515

604

-3396

4,430

4,764

9,032

13

AH countries

184

285

^82

56

58

-S6

709

175

-219

218

-153

187

-791

-3

130

16314
201
114
135
470
4359

-1308
0

7,552
5
347
23
210
4,790

-677
0

3,951

707
4
65
3
-3
1,517

220
21
-79
33
21
-142

430
(*)
233
(D)
(*)
-75

-1,041
•46
-94
26
(D)
333

(D)
0
(D)
-2,507

3,959
(*)
(*)
0
1
7

1,488
(*)
-2
0
-1
41

6,708
0
(D)
39
1
1,881

1,435

1,722

-480
5
(D)
17
-47

-3,130

262

4,052
(D)
-11
-1
(D)
(D)

-950
-314
255
9
1,320
7,075

-609
-1

-240
-88
38
8
2
U32

-497
15
-3
(*)

319
2
60
0
(*)
746

87
0
-1
1
12
319

335
-106
-18
(D)

-483
1
-1

100

420
0
-2
0
-3
-536

48

-1,658

990
0

-22

35

1
10
52
1,384

(D)

-15
-1
13
-7
53
644

167
149
602
-964

-2
4

100
14
1,177
-1,024
1,053
5

(*)

8

-6

Canada
Europe
Austria
Belgium
Denmark
Finland
France

Petroleum

Chemicals
and
allied
products

..............
.

.............

.........

Germany'
Ireland

. . . . . . . ,.
„.

„

Liechtenstein .........................
Luxembourg ..........................
Netherlands .".
- ".
Norway
Sweden
Switzerland
United Kingdom
Other

".....
„

.....................
.....................
."!."...

. .

....

..„..„....-...

.

.

„ ,.

„

Other

.......

..„

„

Other Western Hemisphere
Bahamas
...........

Kuwait

908

-22

-794
(*)

0
(*)

(°)
-28
3

-7
(*)
-4
-3

623

12
43
-31

(°)
(°)
(D)
0

Asia and Pacific
Australia
Hong Kong ... ....

„

„

Lebanon
Saudi Arabia
United Arab Emirates
Other
_

57
-9
329
-14
-38

....„•„

..........................................
„..".........„
„

Korea, Republic of
Malaysia
„
New Zealand .. ...
.
Philippines
.
Singaporc
Taiwan
Other

...

!...„,..........,..

.

„

Addenda:
European Communities (12)
OPEC2

....

„

18,500
940
76
17.336
-666
3
125
-4
210
394
86
15,817
1,290

• Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.4.
2. See footnote 1, table 10.1.
D




-300
792

983

„..
_

-1,496

1,606

South AfricaL *I""""IIII""""""in"I™"""I"""""II^I"II"""Il"II
!...
„

8
98

506
-14
-697
270
930
17

Africa
Other
Middle East

88
-1,235

(°)
/D\

1,702

Si
1,677
-8

(D)

0

2

(°)
109
-3

(°)
()
*
(°)
-1
9
-1
-1,399
1,308

(°)
(°)
/D\
/D\
(D)

8
(*)
(*)
2,743
363
-60
1,728
12
-9
83
(D)
240
297

7,075

v3)

0

319

„

Netherlands Antilles .........
U. K. Islands, Caribbean
Other

607

1,549
1,556
1,281
2.189
-3406
29

„

(")

1

2,055

Latin America and Other Western Hemisphere
South and Central America
Brazil
„
Mexico
Panama

«8

(°)
(°)
6

o
0
-15
0
-I
29
-43
0
(*)
-2
0

o
0
0
0
0
0

-30

2,432
(*)

55
21
-483
-416
-46

<
2

(°)
-27

-535

/D\

(*)

404
0

2
-437
16

(D)

8
-806
1,606
-4

0
0
507

8
_9

45
-5

3,683
(*)

1,142
921
0

6
79
11
-176
-4

2
137
728
1

9
0
-17
-71
849

961

1382

-7

218

<)
°

(°)

-430

<D)

(D)

-38
-7

(Dj

(°)
-22

151
0
2

(Dj

(D)

(D)
6
1

-2

(D)

8

-36
-2
-5
-21
-3
-6

-9
-2
-7
(*)

%

-15
0
(*)
-15
(*)
<*)

139
35

-3

-85
-72
-5
-10
1
<*)

(°)

8

1,467

8
0

79
0

1,246
-8
189

(D)

( )
0
1

s(*)

(°)

(°)

8

8

0
D

(°)
0
0

0

(°)
0

49

1,645
0
-1
(D)
(*)

186

(°)
0

0
0
(D)

8
4,008
-4

(°)

-1

(D)

-5

1.637
48
(D)

(°)

2
(*)

(*)
(*)
(*)

-32

2

321
129

(D)

-3
-14

-1

-66
-67
1
C)
(*)
0
0

(D)

2,120
127

-1,296
-2

-11
-5
123
82
-133
8

8
-7

14
0
-15
-912

-39

190
-39

i

986
-1,305
-541

-10
1,100

(°)
(°)

C0)
(*)
4

(°)
8

0
0

(°)
1

(°)
53

-3
10

8
-455

-23
13

120

-112

0
0
(*)

(D)

(°)

1,618

3,977

0

/D\

0
0

o
0
0
(*)
0

8

247
—14
-41
147
(*)
-9
-2
1
-1
149
16

-134
161
-19
-299
-2
-1

41

5,584
-12
72
6,038
-414
-9
5
2
-117
19
1

-116
6

503
(*)

1,013
3

(D)
—11

(°)
58

(D)
(*)

8

28
37
(D)

17
(D)
0

49
-3,294
0

(*)
0
(*)

-5
0
-5

(°)

37
38
0

-23

(°)
o

(°)
0
0

5

(°)
0
(°)
4

C)

-9

274

1,236
14
34
1,072
27
21
(D)
_7

(°\
-11
257
(°)
0
0
0
0
0

457
(*>

(°)
41

0

0

(D)

0
(*)
1,455
555
-30
1,057

(°)
C)

-2
0
176

-6

(*)

-1,022
-46

-2,618

(D)

o
-1
0
-2
(*)

r)
0
0
0
0

o
0
0
0
0
0

(*)

-394
6
22
-502
93
-14

35
313
-526

-24
0
-24

-1
0

27

(°)
o
o

79
-34
-1

(°)

8 Si
(°)

8
(*)
2y445

123
5
0
2

4,495
47
_3
4,520
8
(*)
4

o

8

A 8

<p)

2 818
-1

1,398
40

6,573

8
-2

8

-18

(D)

-7
-58
23
58

8
-73

(1
°
0
-I
(°)
(°)

2,498

8
46

(D)

-2

(Dj

0
(*)
0

(D)
2
-4
(*)
1 522
-56

59

SURVEY OF CURRENT BUSINESS

August 1991

Table 12.1.—Foreign Direct Investment in the United States: Equity Capital Inflows, 1987
(Millions of dollars; outflows (—)]
Manufacturing

1,518

13,672

3,038

46

-14
21
38
2,019

853
0
(*)
(*)
0

8,675

«

Germany, Federal Republic of
Ireland
L u x e m b o u r g *»***»«•«***».•.*.....*«+**«•.»*».•.».***»***»*»***-•.....*+****»*».....

Netherlands

."..

Norway
Spain
Sweden
Switzerland
United Kingdom

...........

South and Central America
Brazil

"I!.!".!".!.!™..!".!.!.!!".!.!"...

Other Western Hemisphere

Africa
South Africa
Other
„

1,998
-9
209
1,109
677
14

.

28
-5
33

„„

......
.
„.

„

Korea, Republic of

New Zealand ......
Philippines .................................................
Singapore
Taiwan ..
Other
!.
"!
Z
Z
Addenda:
European Communities (12)
OPEC 1
ZZZ......Z..ZZZZZZZZZ

1
16
7,958
1,818
427
5.465
51
(*)
82
1
-2
25
92
18,211
545

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.1.

D




8
0

0
0
0

101
0

n

846

<P>
C)

5,495

2,720

22

422

786
0
5
0
1

1,781

3,408
(*)

0
0
0

0

(D)

c

s

(D)

2

5

44

55
2
C)
53
0
1

(*)
0
0

3
0
0
3
0
0

(°)

2 ef
0

1
0
1
I
0
0

28
0
28

(*)

0
0
0

0
(*)

0
0
0
0
0
0
0

0
0
0
0
0
0
0

0

2,831
1,407
227
1,127

(°)
(*)

1
8,043

8
15
0
(*\

267
0

0

424
0

1,995
0

I OS

348
0
2
0
0
56

658
4
1
210
2

0
0

H

'*«!
0

1
703

265
0
-1
0
0
344

Banking

Finance,
except
banking

2351

2£15

560

2,730

5336

198

277

208

741

-16

1340

1,097
0
(*)
0
0
22

291
0
0
0
2
1

165
0

4,733
0
0

0
2

7
32

19
0
0
0
0
22

47
0
3
2
2
282

12

0
0
(*)
168
-265
0

2
(*)

14
861
0

0
2
978
0
10
-8
15
269
(*)

921
0
0
5
(*)
246

14

437

g

<>
°

50
0

0

220

260
1,104
0

544
13
507

_
„. ............

220

0

2,268
0

2,207

64
554
(*)

58
26
2329
(*)

''1

Retail
trade

1,260

3
6
123

964
0
(*)
0
0
7

55
0
34
C)
(*)
284

0
0
-1
0
37

1
1
116
128
891

0
5

0
37
153

(

2

39

(P)

74

111

123

44

0
0

2
(*)

4
0
(*)

1
0

0
1

0
0

1
0
1
(*)
0
(*)

112
35

0

17
7
13
-A
0
C)

05)

0
19
0
0
0
0

<°>
0
0
0
(*)

1}

0

(4

§

0
0

291

663

1.644
0

0

8
8
0
0
0
0
0
765

1

115
0
0
0
0
1
0

39

(°)

8

28
0
28

0
(*)
0
0
0
366
!

8
777
3
0

0
0
0

(*)

3318
0

0
0

Insurance

0

0
0

(°)

(*)
1394
(*)

0
0
(*)

8
B
0
0

12
0
0
8
3
0

43
-1
0
39
5
0
0
0
0

24
5
2
0
4
1
12

1
(*)
0
0
0
0
1

472
-1
40
363
21
(*)
0
(*)

1396

46
4
0
15
0
0

«3

8
1,089
0
2
0
0
0
0
0

54
951
0

1303
42

924
0

0

8
0
0
0
0

(°)

*l
0

(°)
92
0

(

Other
industries

Services

Real
estate

-5
-6

110
0

0

©00000a

t

227

337
53
24
221

......„„-....

Middle East
Israel
Kuwait
i
Lebanon .
Saudi Arabia
United Arab Emirates
Other
..
Asia and Pacific
Australia
Hone Kong

63
0

203
373
4,527
(*)

..."

Netherlands Antilles
U. K. Islands, Caribbean „

-22

0
8

24
4
49
819

0

.....

Z

0

24
1,106
1,504

2335

.«

Venezuela"Z...ZZZZZZZ

106
0
-1

57
21
407
1,637
9,646
18

Latin America and Other Western Hemisphere

Other

2.913
23
125
16
103
3.354

1

431
0

1372

534

ooooo

................

Denmark
Finland

2y622

oooo«i?>

.....

000

.........

ooooo

Europe...
Ausoia

1,775

1,099

Wholesale
trade

ooooooo

34319

Machinery

Other
manufacturing

ooooo

Total

Priraary
and
fabricated
metals

'l

28
-219

<*)

1357

448
-6

60

i

8
2
117

(°)
0

716
3,264
0

£
573
6

8

0

8

387
1
1
313
63
9

-344

5 68

-5
0
-5

(*)
0
(*)

12
0
10
C)
(*)
(*)

0

0
0

683
1342

117
11

i

8
1
7

1s

13

0
18
0
-A
1
8

8

0
0
0
1
0

0
0
2

209
48
5
122
9
0
25
oooo

and
kindred
products

....

AH countries
Canada

Japan

Petroleum

000

All industries

Chemicals
and
allied
products

402

SURVEY OF CURRENT BUSINESS

60

August 1991

Table 12.2.—Foreign Direct Investment in the United States: Equity Capital Inflows, 1988
[Millions of dollars; outflows (—)]
Manufacturing

Total

nets

AH countries .

45,046

Canada
Europe

„,.
..

A

Germany, Federal Republic of ....
Ireland
Italy ...
Liechtenstein ...
Luxembourg ...,
Netherlands .....

5
0
0
0
0
-12

Norway
Spain
Sweden'
1Z"
Switzerland
United Kingdom
Other

0
0
0
-2
0

....

Latin America and Other Western Hemisphere
South and Central America
Brazil
Mexico
Panama ........
Venezuela ...
Other

_

Other Western Hemisphere .
Bahamas
Bermuda
Netherlands Antilles
U. K. Islands, Caribbean .
Other „„

20,002

1,268

Primary
and
fabricatcd
metals

Machinery

Other
manufactur-

Wholesale
trade

3,102

1,765

4,875

8^93

3,326
-18

5,946

844
1
(*)
0
57

656
395
0
0

Austria

Belgium
Denmark
Finland
France

737

1,734

Chemicals
and
allied
products

-141

Food
and
kindred

12,689
(*)
1,927

966
0
0
0
0
225

1,328
(*)
0
0

1,820
179
0
1,974
5
204
426

848
0
0
0
(D)
(*)
158
0
(*)
0
0
52

3
o
0
391

0
0

0
0
0

8

5,476
0
U21
6
0
0
6
0
0

479
0

3,602
0

<•?
0
0
1,528

<>
0
0
U81
(*)
0
120

<°>
1,102
0

378
0
15

4

i

3,583
0

Retail
trade

Banking

2,781

0

5
188
505
0

2,813

Insurance

1,465

8
17
0
25
14
0
6
-87
1
15
0
20
1,366

0

0

0
0
(*)

0
4

322
0
0
0
0

440
0
0
0

(*)
0
0

-1
0

4,608
0

922
0
0
0
0
91

54
0
0

()
0
0
0
0

21

Si
0
0

8
142
0
0
0
88
4,308
0

()
0
42
0
0

(°)
682
0

343

109

0
0
0
0
0
0

13
0
1
12
0
0

0
0
0
0
0
0

274
0
0

()

(*)

(*)
0
0
0
0

331
0
4
234

39
0
5
30
3

109

6
0

6
0
0
3
2
0

(*)
0
(*)
3
0
1
1
1
0

0
0
0

2
0
2

()
0
0

0
0
0
0
0
0
0

°

(*)
0

8
0
0
0

-3
-3
(*)

0
0
0

Middle East
Israel
Kuwait .
Lebanon
Saudi Arabia
United Arab Emirates....
Other .

0
0
0
0
0
0
0

0
0
0
0
0
0
0

0
0
0
0
0
0
0

0
0
0
0
0
0
0

0
0
0
0
0
0
0

25

0
0
0
0
0
0
0

5,336
177
-6
5,076
9
0
0
0
16
0
65

SS6

902

2,908

2y4O7

(°)

8

1,210
6

11,935

1,115
0

8
615
0
0
0
0
0
0
0

«
787
0
0
0
0
0
0

2,719

()

1,066
16

243

0
1,286
0
0
0
0
0

1,446
63

14
1,332
0

(*)
3,290
0

5,875
0

649
0

1,378
-13

&

403
0

2,243
16

(°)

1,614

C)
o

2,310
0
0
0
0

(°>

°

690
0

0
0

<•)

0
0
0




453

669
0
0
0
0
33

-6

0
0
0

22.112
701

3,099

60

-12

0
0
0

„

7378

280

0
0
0

• Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.1.

Other
industries

2,425

233
2

(°

Africa
South Africa
Other

Addenda:
European Communities (12)
OPEC'

Services

6
0
0
6
0
0

1,315
0
0
1,389
-74
0

Asia and Pacific .
Australia
Hong Kong
Japan
Korea, Republic of .
Malaysia
New Zealand
Philippines
Singapore ....
Taiwan
Other .

Real
estate

-37

1,292

36

28

-34

Finance,
except
banking

617
0

626
3

0
0

4,521
D

926
0

61

SURVEY OF CURRENT BUSINESS

August 1991

Table 123.—Foreign Direct Investment in the United States: Equity Capital Inflows, 1989
[Millions of dollars; outflows (—)]
Manufacturing

51,884

All countries
Canada

31,502
380
256

1,857

3,123

Europe
Austria

......

..................

1,646

o

Primary
and
fabricated
metals

Machinery

24,182

2346

8372

2,754

5,454

5,456

3,734

417

3324

5,699

1,993

3473

3,924

P)

P)

P)

P>

1,658

P)

P)

193

P)

P)

328

358

789

18^02

1,814

7333

3,668

2,506

422

0
0
8

1,486
0
0
0
0

988
0
42
0
0
1

1341
0
P)
(*)
3
631

1,838

o
0

2385
154

P)

3,180
0
0

90

-27

Total

P)
0

Finland
France

397
5,947

P)

o
o

0
363
3,913

318

P)

Germany, Federal Republic of
Iieland

2.614
PI
444
5
113
2,540

p)

1374

0

755

o
0

206
0
6
2,248

p>
0
0
171

o

o

18
142
735
2,727
14,770
20

0

4

2

o
1
0
p)
0

285
1,284
8,878

P)

o
0

Liechtenstein
Luxembourg
Netherlands

Sweden
Switzerland
United Kingdom
Other

..

...

Latin America and Other Western Hemisphere
South and Central America
Brazil
Mexico
Panama
Venezuela

783
23
241
176

«

0
0

o

o

4
0
p)
o

95
0
2

0

0

8

26

0

o

„

Middle East
Israel
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other

0
0
0

0

o
0

26
„.

0

0

p)
0
2
0

o
0

o
0

p)

36
28
0

o

o
0

0

Q

0
0
0

0
0
0
0

Q

Q

162
0

0
0

4,820
150
330
3,901
20
0
3

Q

Q

Q

Asia and Pacific
„
Australia
Hong Kong
Japan
Korea, Republic of
Malaysia
New Zealand
philinnines

«

."Z.".L

16371
1,014
466
13,844
174
8
62
104
467
133

0
0
0

27321

1,645
P)

.'

Addenda:
European Communities (12)
OPEC1

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1. table 10.1.

D




0
0

362

8
P)
o
0

0

o
0

8
0
(*)

Wholesale
trade

Other
manufacturing

Banking

0
0

2,033
0
0
0

146
562

P)

P)

0
0
P>

0
230

P)

251

528

P)

424

o
166
0
0
71

0
0
0
149

71
0

0
0
102

0
5
0

947
(*)

8

0

o

0
571
2
0
969

P)
P)

79

1

529
0

8

1,083
0
193

0
0

o

0
0
0

n

o
0

o
4

0
-75

0
0
0

o

P)
4
69
1
13
609
2

0
0

0

0
(*)
0
(*)

0
0

i

0
2

J

H

0
0

0

0

0

o
0

o

o

0
0

0

0

0

o
0

Q

(*)
6

P)

5
0

o
4

0

Q

0

0

o
0

0
0
0
Q

0

P)

0
0
0

0

o

154
0
0
0
0
101

o
0
0
0

p)

-1

0

Other
industries

Services

3,181

0
0
0

i

-71

•a

P)
0
0

(*)
0
0

0
p)
-220
o

0
0

-Pe

0
0
(*)

o

445

0

9
0
0
9
0
0

3
0
0
3
0
0

20
0
0
0
0
0

38
0
1
16
20
0

442
0

20
0

(°)

o
p)

c

0

-7
0
-7

0

p)
o
0

0

o
0

200
0

6

0

0

0

0

0

0

•8

0

0

0

0

0

0

0

0

p)

651
42
-6
526
19
8

7:

2,079

1306

(

3;
1,932
0

1,7*

P)

fl

0
0

0
345
0

n
0
0

p]

P)

1,433

7,497

3.125

2^)31

1.967

A

Q

P)

C
1.03'

1

1.77J

i

C
n

P

0
0

1.707

461

3,681
0
0

p)

p)
c
(
p)

P)
P)

H

1
1

2,111

592

546

48

0
0

47

p)
283
(*)

0

1,09?

o
0

0
0
0
24
593
0

<>
*

0
701

16

0
0
106
18
298

0

737

0
3

p)

0
0

0
0
0

Q

0

Real
estate

Insurance

189
185
20

P)

932
0
0
587
0
0
0

a

Retail
trade

0
0

oc

Other

0
0

P)

„..

0
p)
0
o

o

> ooo

Africa

0

418
P)
-189

„

1,

p)
0
o
0

P)

142

-

2

0

8

„

Other Western Hemisphere
Bahamas
Bermuda .......
Netherlands Antilles
U. K. Islands, Caribbean
Other

Taiwan

925

Finance,
except
banking

Food
and
kindred
products

569

Petroleum

All industries

Chemicals
and
allied
products

c
c

D
<

(
0
I
{

I
Ulj

8

0
o
0
0
0
0
0

541

8
235
0
0
0
0
0
0
1,541
0

SURVEY OF CURRENT BUSINESS

62

A u g u s t 1991

Table 12.4.—Foreign Direct Investment in the United States: Equity Capital Inflows, 1990
[Millions of dollars; outflows (—)]
Manufacturing

Germany1 ...»
Ireland
Italy

_
-

....

198
6,396
3,268
159
472

-1
0

o

o
0

26
Luxembourg
Netherlands

118
6,320

Norway
Spain
Sweden
Switzerland
United Kingdom

„

0
0
0
0

130
673
1,726
7,110

„
~

0
Latin America and Other Western Hemisphere

„

0
5
0

„

118
38
79
0

o

"
„

" .....

„
"**"

"

-

Addenda:
European Communities (12)

—

„..„...

0

o
0
0
o

0

983
0
0
DO

3,594
0
0
0
0
0

1,277
0
0
0
0

5,486
0
0

107

23
0

0

0

(D)

50

j>
o

o

&
6$
0
68
4
4
0
0

o
0
0

14,701
523
106
13,309
133
21
92
-1
76
369
74

18
0
0
<•*

2,265
216
2
1,679
18

24,446
727

66

8

8

468
0

22
0

o

o

J)

0
0
0

0
0
(p)
26

-1
o
0
0
0

0

0

0
0

0

2

0
o
0
0
o

0
o
0
0
o

0
0

234
0
0
84

0

o

0

0
84

-2
0
0
-2
0
o

0
0

• Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.4.
2. See footnote 1, table 10.1.




1,074
127

1,226
0
0
0

-3

0
0
243
0
0
243
0
0
0

0
1,641
0

2,204
0

0
0

0
0

11.031
0

o

o

0
0
0

2,227
0
24
(D)
126

4,662
0
0
0

8

280
0

0
o

1
1,145
0

0
496

0
400

0

0

0

j)

250
0

6
518
0

(*)
6
0
46
223
3

1,554

178

59

3
0
0
3
0
0

0
0

18
16
10
7
-17
2

8

o

8
197
1,471
0

0
0
0

H

302
0
0

0
315

0

0
o
0
0
o
0
0

103
0
68

-44

-4
0

0
1,141

o

(*)
0
(*)
(*)
(*)
0
0
0
0

H

434

o

0
0

0
0

3

7
1

(p)
0

(

1
0

-225
0
(*)

0

1,439

(D)

1,552

0
0

4
4
0
0
o

0
0

938
727
0
0
0
4
157

0

352
0

o

o

178
0

0

0

0

0

o
0
0
o
0
0

o
0
0
o
0
0

o
0
0
o

H

4368

337
0
(D)
316

345
2

SI

•8
4.268
68
0
0
0

0
0

0

41
0
0

o

1,749
0

4.292
0

0
0

1,061
0

\

(°)

0

ft
(4

0
0

0
0
8
0
0

80

0

o

1,805
73
1,582

a
-4
(*)
28
17

1,366
0

346
0

902
-14

0
o
0
0

o
0
0
o
0
0

831

8

780
0
0
0
0

0
5
0
0

5
0
862
0

151
698
0
1
1
2
5

0
2,664
0
0
0

2,651
0

8

(*)

71
56
270
0

670
0

373
0

262

<>
P

37

0
0

0
0

18
0
1
16
0
0

94
129

25
25
0
0

(*)

0
696

244
2

0
0
0

0

1
0
0

0

0
1,974

1,065

2

8

oooo

-

353
0
0
0
0

<P)
1,740
0
0
0

oooo

.........

39

37
0
0

8

0

o

o
0
0

(D)

ooo

(°)

«..!.l"Z!."."."i!"."i!™!.".!!"!."!!"."."!!."™"."."

Japan*
Z
~
Korea, Republic of
Malaysia
New Zealand "
Philippines
Singapore .
.....
Taiwan
„
„
Other
-

74

-

..„„. .......„„„.
_

Asia and Pacific
Australia
«

7,085

(D)

1,996

ooo

134

1
ooo >

&
571

..

Lebanon
Saudi Arabia

other

5,313

(P)

0

!...~

„

3,689

296

ooo

Middle East ...„
Israel

0

2

„

...»

3,260

236

oooooo

Africa
South Africa
Other

254

$

2,444

Netherlands Antilles
U. K. Islands, Caribbean
Other

442
584
3,659
0

1,104

92

1

219

!"!!!!.!.!.......!.."...»....!.!!!!!".1.!"""!!,""!!."1"."!!!

Other Western Hemisphere
Bahamas

0
1,841

7,454

415

Other
indus*
tries

Services

oooo

„

1

5323

27

oooo

Other

1,090
22

(D)

24
182
3,859
1,346
37
g

3,197

-3

oooo

South and Central America
Brazil
Mexico
Panama

3,534

8

1,583

(°)

Real
estate

oooo

Si

.

12,248

2,709

Insurance

0

o
0
0
o
0
0

3,637

o
0
0
96
38

21
0

(P)

1.144
0
0
n

(4

oooo

66
0
0
0
0

1,980

Banking

oooo

Belgium
Denmark
Finland
France

27,218
135

452

Retail
trade

ooo

.....„„.„.„

15,291

facturing

Wholesale
trade

3ooo

.......

(°)

Other

ooo

Europe

779

1,330

Machinery

ooo

Total

47,035

AH countries
Canada ..........................~.................................

Finance,
except
banking

Primary
and
fabricated
metals

ooo

urn

Chemicals
and
allied
products

oooo

All industries

Food
and
kindred
products

1,122

5,415
0

18

46
0
0

o
0
0
0
685

63

SURVEY OF CURRENT BUSINESS

August 1991

Table 13.1.—Foreign Direct Investment in the United States: Reinvested Earnings, 1987
[Millions of dollars]
Manufacturing
All industries

All countries .
Canada .
Europe
Austria
Belgium
Denmark
Finland .
France ,

757

U15

-600

-74
909
0

1,478
12
112

292
-14
-13
-155

Norway
Spain
Sweden
Switzerland
United Kingdom .
Other .

8
5
284
202
1.168
11

Other Western Hemisphere
Bahamas .
Bermuda ..
Netherlands Antilles
U. K. Islands, Caribbean
Other .
Africa
South Africa ,
Other

Primary
and
fabricated
metals

Machinery

338

746

-187

-316

330
0
-4
2

861
0

-121

202

-37
I
22
-70

2
0
0
115

7
-23
439
0

215
99
978

(*)
320
0
1
0
-20
31

3
0
23
127
250
0

-676

-449

79
2
1
(*)

-361
10
-2
-2

D3

-218
-1
-1
-216

0

1

-59
8

-230

9

-297
5
5

17
-2
19

i
i
0
26
14
15

{

-370
13
-336
-1
-14

-101
3
0
90
-59
47

Asia and Pacific
Australia
Hong Kong ....
Japan
Korea, Republic of .
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other .

-511
-197
-205
-32
-2
-18
-2
-7
30
-34

Addenda:
European Communities (12) .
803
-321
OPEC'..:
* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. See footnote I, table 10.1.

-83
-9
0
-75
0
0
0
0
0
0
0

148

-189

l
0
0

-2
-2
221

1,145
29

344
0

707
-2

-369

3

0
(*)

-16
-2
-2

0
(*)
-51

106
0
-2

-31

5
0
2
-4
-1
12

84
0
4
0
0
-2
9
1
28
280
339
0

6
57

77
37
634

7
71
-38
15
115

8

-8
1
-8
(*)
123
3
91
8
21
(*)

(*)
0
0
0

435

14
-60
-5
0

-32
480

-395

22
0

-669

•S
(*)

^40
<*)

Other
industries

Serv.
ices

Real
estate

-999

523

154
0

-56
-5
-15
0
0
0
0
0

-228

Insurance

-275

178

•S

0
-2
-215

755
(*)
0
0
11

-33

29

-611
(*)

-244
-2

-117

0
(*)
-12

-1
-14

-58
(*)
C)
-254

-9
-1
-4
-6
-26
-155

-19
-259
-1

-5
C)
(*)
9
-31
(*)

3

(*)
-56
19
0

3
-10
-355
16

-7
-33
59

45

-84

10
0
1
9
0
(*)

49
27
4
4
6
8

26
0

-18
(*)

24

-17
1
-1

-4
0
(*)
-2
0

-no

-254

-38

8

-211
-61

-31

-8
9
0
-7
-1
-7

3
-6
0

o

-33
0
-3
-35
4
0

5

8
-i
(*)
(*)
59
76
14
-54
-5
(*)
-2
-1
-1

-916

Finance,
except
banking

-422
-8
24
-8
-8
-9

0
-3
0
64
-78
II
0

o

Banking

-488

569
1

o

-218
0
(*)
-222
0

Retail
trade

36

P)
-28

H

0
0

634

1

1

0
0
0

0

trade

-261
(*)
-26

17
0
0
18
-2
0

-655
9
127
-639
-149
-3

-52

34
0
-6

-201

-21
22
-31
-60
48

-1
0

Whole-

Other
manufacturing

124

4
-25
-1
-8
(*)

51

Middle East
Israel
Kuwait
„...
Lebanon .
Saudi Arabia .
United Arab Emirates ..
Other .




Chemicals
and
allied
products

46

-544
67
-80
-14

South and Central America .
Brazil .
Mexico .
Panama
Venezuela
Other .

Petroleum

-S83

Germany, Federal Republic of
Ireland
Italy
Liechtenstein
Luxembourg .
Netherlands .

Latin America and Other Western Hemisphere .....

Food
and
kindred
products

8
o
(•)
0
0
(*)
34
(*)

8
0
0
0
0
0
0
0
197
0

-i
25
(*)
(*)
-7
-5
-14

-53

?!
-33
. -100
0
{*)
0
(*)
10
10

-637
-8

-50

-22
-4
-7
0
(*)

5
1!
-2
-9
(*)
-2

0
0
(*)

-215
-15
-9
-170
1
<•>

•3

u
437
-1

-583
10

-53
-6
4
-46
-4
-1
-11
-1
-10

0
-4

-167
-112
-167
-22
-2
1
-2
2
-3
-5

-35
(*)

-49
-1
-166
-1

i

-101
-72
-6
-25
2
0
1
(*)
0
(*)
-97
-17

64

SURVEY OF CURRENT BUSINESS

August 1991

Table 13.2.—Foreign Direct Investment in the United States: Reinvested Earnings, 1988
[Millions of dollars]
Manufacturing
All industrics

164

All countries ....
Canada.
Europe .
Austria .,
Belgium ..
Denmark
Finland .
France .................

-U72

144
-16
-21
-146
122
98
29
-25
-17
22
37
41
262
478
2,783

Latin America and Other Western Hemisphere „„.

399
40
22
239
72
26

Other Western Hemisphere .
Bahamas ....
Bermuda ...
Netherlands Antilles
U. K. Islands, Caribbean .,
Other .

<)
78
-93
39

Africa
South Africa .
Other

40
40
-295
36
-233
-2
-23
-18
-55
167
135
-65
195
-83

Asia and Pacific .
Australia
Hong Kong ...
Japan
Korea, Republic of .,
Malaysia
New Zealand
Philippines
Singapore ....
Taiwan .
Other .
Addenda:
European Communities (12)
OPEC 1

600

1,967

(*)
-57
249
-9
(*)

42
<>
783
-1

<*)
0
0
173

Machincry

Wholesale
trade

Retail
trade

576

-200

708

1,168

-165

-993

103

-189

-312

-153

-117

-103
2
-2

781
1
1
4
-5
9

474
2
-7
-5
-2
-34

149

8
65
0
1
1

262
4
0
0
6
-1
0

-6
0

3
(*)

0
(*)
0
(*)
0
0
0
0
0
0
0

3.071
-209

714
0

(*)

33
(*)
31
0
0
0
0
0
0
0
1,314

(*)
I
54
644
C)

8
21
60
318
-3

8

120
0
0
1
-15
0

3

Insurance

477

10
113
0
4
0
0
-219

8
246
258
0

0
0
0

-66
—
1
10
-1
(*)

(*)
(*)
-15
-231
-2
(*)

(P)
0
-9
1
-35

-32
-124
-1

-2
(*)

9
0

-22

8
0
(*)
-30
0

-19
(*)

3
(*)

-26

-324
5
<*)
-233
-87
-9

-67
-12
-3
-*1
-10
-1

(*)
0
(*)

-10
0
-10

-1
-2
1

54

-24
-7
-3
0

57
0
57

0
0
-64

2
-11
-1
-1
(*)
C)
0
0
0

1<*)

-346

3

-299
31
4
-319
-7
0
-1
0
0

(°)
-5
(°)

804
-13
-2
889
-69
-1

H

(*)
C)

8
p

3
159
0

-43
-202
(*)
-12
13
0

-416
(*)

13

0

-31
10
-1
-36
0
0
0
0
0

Services

66

-38

0
0
0
0
(*)

Real

24
0
-21

69

0
0
0
-1
0
0
0
-1
0
0

9
-19

-l
-13
1
16
2

8

Banking

-1
0
0

258
0
(*)
258
0
0

3

no

-267

0
-110
2
0
123
-A3
274
<*)
(*)

()
0
56
282
733
0

-1
0
0
-1
0
0

Other
industries

-1,052

-34

332
3
6
0

614
0

i

30

Finance,
except
banking

Other
manufacturing

256

-15
-3
-6
-A
(*)
(*)
-5
-1
0
0

* Less than 5500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
I. See footnote 1, table 10.1.




Primary
and
fabricated
metals

428

South and Central America
Brazil.....
Mexico
Panama ......
Venezuela .
Other .

Middle East
Israel
Kuwait..
Lebanon ......
Saudi Arabia .
United Arab Emirates.,
Other
„.

Total

Food
and
kindred
products

17
248
0

Germany, Federal Republic of ..
Ireland .
Italy ....

Norway
Spain ..
Sweden
Switzerland
United Kingdom ...
Other

Petroleum

Chemicals
and
allied
products

-184
(*)

731

395

3

-71
-3
(*)

(*)

-ii

0
C)

3
-122
26
-13
-120
(*)
(*)
(*)
-9
C)

9
0
0
0
0
0
0
0

152
(Pi

°

-149

60
81
-4
-24

-366
59

-180
-16

3
8
0

166

SURVEY OF CURRENT BUSINESS

August 1991

65

Table 13.3.—Foreign Direct Investment in the United States: Reinvested Earnings, 1989
[Millions of dollars]
Manufacturing
All industries

Petroleum

Total

ucts

PriMachinery

fabricated
metals

Wholesale
trade

Other
manufacturing

-3,844

.

_

„

Latin America and Other Western Hemisphere
South and Central America
Brazil
„
Mexico
..
Panama
Venezuela
„
Other

-679

96

-189

167

102

44

-2,103
0

urn

2
0
2

1,404
0

-105
2
.1

534
1

3

8

-126
1
8
-7

-8
17

-527
-1
-3
-2
-32
-29

-19
-1
-15
(*)

3

31
-2,310
0

7
-8
134
250
758
C)

(°)

(°)

(°)

(*)

8
712

96
0

-6
-1

s

127
29
0

-25
0
-1
-1
-22
0

0
0
0

47
0
47

(*)
0
(*)

0
0
48
0
48
-1
0
0
0
-I
0
0

-75
-91

-11
1
-I
-18
0
0

Netherlands Antilles
U. K. Islands, Caribbean
Other
„.

Middle East
Israel
Kuwait

„„

-15

„
-

United Arab Emirates ...„
Other
„.

103
34
95
-4
2
-22
-2

................
„

_.

Asia and Pacific ..
Australia
„
Hong Kong

„„.„„..„.„.„..„„.„..
„

Addenda:
European Communities (12)

„„.

-1,833
101

• Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.1.

D




-4

-72
-1
161

0

0
-37
-2
0
-35
0
0
n

-2.132
79

3
(*)
-818
-51
-629
("*)
-6
-1
6

882

-241

37
(*)

8
-2
0
\

26
0

8

2
0
967
-2

(°)

-310
-1
-17
(*)
0
-480
0
50
-45
342
(*)
-17

0
0
0
0
0

0
0
0
(*)

4
-80
-50

i

(*)
-23
-86

-3
-9
38
14
525
-1

-9
6
-29
34
-16

Other
industries

Services

-96

-737

130

1,941

-1,093

-843

-146

-28

(°)

-38

-29

72

-81

-408
5
-34
1
-25

1,260
0

-559
{*)
0
-1
-11

-367
0
-2
3
-4
(*)

-103

8
(*)
(*)

-127
-1
-30
0

-3
0
3
0
1
-107

-40

-51
(*)
(*)
-5
-26
-276

7
7
-4
-6
-10
-51

6
-1
-26
-2

0
5

-11
14

-3

-1

3

-tl
-336
-1

1
-14
-9
-6
-133
-3

-9
-40
-134
-2

-3
27
-329
1

-4
0
-14
-56
27
-1

-326

-232

-120

-32

-25
0

-5

8

-1,889

-31
0

-25

1
10

87

145
0

3 3
0
-3
73

o
o

(*)

(D)

0
0
98

8
14
337
641
0

-17
14

8
-35

83

-54

(°)

-134

181

-6

8

-2
-4
0
0

12
6
8
-2
-1

-8
0
1
-8
0

-144
59
-125

3

H

3

-26
(•)

-66
-3
9

3

10
0
(*)
9

-8
0
-9
(*)

~0

88
-3
4
34
53
0

-294
3
19
-220
-82
-14

0
0
-208
-8
9
-206
-2
0

0
0
0

0
0
0

-26
(*)
-26

(*)

0
0
0

-27
0
-27

-6
0
-6

<*)

5
5
C)
C)
0
0
0

1
2
0

15

-12

17
0

-20
-9

-4
-16

0

0

-3
4

-48
7
-19
120
-149
-1
(*)

29

ss

-130
5
-8
-99
(*)
<*]
-4

-4
C)
0
-3

"o

0
0

0

69
46

-237

2

-33
-148
-2
0

-531
-4
0

o

(D)

0
0
o
0

95

Real
estate

-13

0

6
h

(D)
-11

Insurance

ing

-565
31

0
0

8

-2

8

-91

-501
(*)

481
(*)

3
-5
-105
(*)

-52
-78

-3
0

-10
-9

(*)

(*)

0

8
17
0
0

O

oooo

-34

-7
0

oooo

Korea, Republic of „...„.....
Malaysia
New Zealand
Philippines
„
Singapore
Taiwan
Other
„

........
™Z

-1,065
-85
-94
-603
-146

3 3
3

-56
-411
-43
-17

„

7

i

-8
0
0
-6
-1
0

0
-8

-17

3

-i
0
0
-4
0
0

-530

„

280

18
0
0
167

-28

Other Western Hemisphere
Bahamas
„„

3((**))

63
378

11
-168
C)

8

„.

24
66
-4
2
10
44

o

35
391
298
0
89

93
56
-131
145
21
2

'.

33
-10
30
-30

Finance,

Banking

61

-1308
-78
172
-34
6
-718

Retail
trade

ooooooo

Norway
Spain
...
Sweden
Switzerland
United Kingdom

182

-19

-437

Germany, Federal Republic of
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands

1,510

-72

-11
28
85
544
-1,864
-6

.....

-174

224

250
113
-79
-16
-55
357

.....

935

72

ooooooo

Europe
Austria
. ....
Belgium
.
Denmark
Finland
France

-2,004

-1,122

All countries
Canada

Africa
South Africa
Other

Food
and
kindred
products

Chemicals
and
allied

-88
0

-107
77
10

8
-l
6

n
13
0
0
-1
0
(*)
93
39
(*)
62
C)
0

(°)

3
9

{"]
-3
0

-281
-8

-102

(°)
0

9
0
33
0
0
10
2
0
0
1

899
-1

S3

(•:
(*]

-501

8
(*)

-115

8

-57

-2

3
8

-226
-68

-2
78
83

-151

2

C
(*)
0
1
(*)
—1
-380

0
3

C)
-25
-9

66

SURVEY OF CURRENT BUSINESS

August 1991

Table 13.4.—Foreign Direct Investment in the United States: Reinvested Earnings, 1990
[Millions of dollars]
Manufacturing
All industries

All countries

......
.

......

„,..,..

„

„

„

„

„
..„..„.

„..,.
»........

„....

Latin America and Other Western Hemisphere „....

«...

...........
„

Middle East

-56

-47

-3,266

348

-704
-68
-280
-62
-122
-2,682
3
3
-150
-1,414
-1,415
-1,740
205
16
32
31
86
39
-1,944
C)

o

o

H

44
(*)

-403
-7
-34
3

539

-883

(*)
0

4
-21
124
-651
-251
-4

0
-122
28
-3

0
58
56
531
0

70

^*9

67

-84
-4

-4
0
0
-4
0
0

63
659
0

(°)

0

-80
-1
1

-12

154

-2
(*)

-50
5
22
-9
-21
-28
-19

2
•J

-2*89
-134
-111
-2,181
-160

-18

0

-10
-6
-39
8
-56

0
-15
0
0
0
0
0
0
0

-6,836
51

1.222
108

Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.4.
2. See footnote 1, table 10.1.

262
3

34
-14
63
-1,229

0
0
0

................

Addenda:
European Communities (12) ...........................................




-1,225

-1454

2t3

.............................................
„
„....„.„.....„-.

1

-2,098
-173
-149
-16
7
-101

-M*5

42

(*)

(*)

6
-7
(*)
(*)
281

131
-24

2
-2
C)
(*)

<*)
-1305
-53
-23
-1.169
-15

3
-1
-10
4
-31
-2,807

0

97

•8

300

3
0
-1

15
0
0
-134

(*)

-46
0

-13

Asia and Pacific ..„
Australia
....
Hong Kong
„
Japan
.
.........
~.
.
Korea, Republic of
,.
.........
Malaysia
„
......
New Zealand .....................
.......„........„..»..„-,
„..
Philippines
....................................................................

D

-222

-2,739

73

....

„„

-1,539

-70

451

81

Kuwait
,.„..........„.,....,.».
«
Lebanon
..........
_.......................,„
Saudi Arabia
.....
United Arab Emirates .................. ..........................
Other
„„

Taiwan
Other

-2,689

1,174

-36

„

-10*8

173

-714
-1,199
-28
„

Finance,
except
banking

-44

-39

Africa
South Africa

Banking

435

.....................

Other Western Hemisphere
Bahamas
Bermuda ......
Netherlands Antilles
U, K. Islands, Caribbean

Retail
trade

-3,997

South and Central America
Brazil
...
Panama
Venezuela
Other

Wholesale
trade

71

-163
-180
-36
72
-1,353
....„„....„„......

Norway
Spain
Sweden
Switzerland
United Kingdom
Other

Other
manufacturing

1,293

....

Liechtenstein „„
Luxembourg
Netherlands

fabricated
metals

Machinery

1,442

...........

Germany'
Ireland

Pri-

-937

..........................................

Europe
Austria
..
Belgium
Denmark
Finland

Total

Chemicals
and
allied
products

-14,008

...»

Canada

Petroleum

Food
and
kindred
products

0
0
-1
0

0
0

<*<!
(*)

41
0
41

o
0
0

s(*)
-82

-5
-1

3
0
(*)
203
•(•)

7

8°

0
0
(*)
0
0
-24
-1
-30
0
0
0

0
4

<J

295
0

888
-I

0

-256

^72

-2

8

-24

70
(D)
4
-7

145

-21
-18
-121
-1,046

-2
15
-193
10
30
1

0
4
(*)
-25
-311
0

-43
-650
9

-299

-2S

73

-260

-28

129

-300

-24
-3

-4
-I
1

-13
5
5
-20

2
0
1

90
19
41
-2
-15
47

32
0

0
85
-457
33
C)

-2

-30

0

8
52
20
0
0

43

-2
-2
0
C)
(*)
0
0

-I

-2
-3
1
(*)

-458

-S26
-7

8
-395
-4
0

o

-1,852
(*)

0

o

-780
-8
0
0
0
-1
-29
-2,426
-1

.a

o
0
0
15
40
17
99
-143
-2

3
-850

H

-102

o
0
0
92

i H
(*)

38
0

(•)

0
0

0

-54
0

12
-77
37

31

(•)
C)
-332

i
0

43
-105
0

(°)

o

5
9
(*)
38

6
C)

-124
4
-1
-51

8
4
-3

-14
-1

-348

-315

-157

1

-5
0
-2C

-1

-29

-78
-412
-4

-2
-2
1

-75
-1

-798

-612

-184

-72
-4
0

8
-3
0
<*)
(*)

3
-58
-6
-726
-26
-645
-29

-2

~0
-7
(*)
0
0
-605
-8
10

-2
-2

-183
-14
-78
-69

0

-5
0
-5

-33

3
288

-1,065
(*)
-2
0

-299

46
0

-247

0
0
0
0

-168

175
(*)
(•)
0

-53

i

77

86
21
-2
71

-959

-54

0
-4
-357

43

-4
(*)
0
-4
-1
0

0

-1,301

-6S9

-419
1
-75
(*)

1

0
C)

o

-2,961

321

-422
-7
-15
2

-285
-5
-28
(*)
0
-1,066

9

0
0

0

618

1
-22

-2
-12
-6
-65
-484

0

2

Services

-2,393
<*)
-22
-10
-28
-820

0

8°

-43
0

0
0
0
0

89

-613

Other
industries

Real
estate

Insurance

§
0
(*)

8
(*)
-109
0
0
0
0
0
0
0
-588
0

(*)
0

0
0
0

-32
0
-32

-7
0
-7

-3
-3
(*)

-44
-12
-14
0

18
18
0
0

0
0
0
0

-30

7
0

-48

3

o

o

22
-9
-34
-1
-7

0
16

-377
-31
-28
-243
(*)

(°>

0
(*)

-601
-59
-14
-542
13
3
5
-3
6
12
-23

190
35
(*)
153

-1.903
-42

-515
C)

0
0

2 1
0

C)
0
0
1

155
-1

§
-36

8
-918

P)

-10
0

8
(*)

-378
-59

-3

-85

-296
0
(*)
0
1
(*)
-2
-255
5

-2
0

8
8
C)
-377
-30

SURVEY OF CURRENT BUSINESS

August 1991

67

Table 14.1.—Foreign Direct Investment in the United States: Intercompany Debt Inflows, 1987
[Millions of dollars; outflows (—)]
Manufacturing
All industries

All countries .
| Canada .
Europe
Austria
Belgium .,
Denmark
Finland .
France .
Germany, Federal Republic of
Ireland .............. ........ ...
Italy
Liechtenstein .
Luxembourg
Netherlands
Norway .
Spain
Sweden
Switzerland
United Kingdom
Other
Latin America and Other Western Hemisphere .

Total

24,683

Pri*
mary
and
fabricated
metals

Machinery

Other
manufacturing

Wholesale
mule

Retail
trade

Banking

2,042
6
-35
15
-99
5,080

608

2,249

8
8
8

29

(°)

6
0
0
1,669

296
-203
0

52
6,671
0

1,431

-4,168

(D)

-6S

63
-6
23
95

*?
<°)

()
0
(*)
0
0
140

86

(°)

-395

3

8

22,756
-140

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.1.

D




6383
-68

9,573

1,068
(*)

0
0
348

C)
-2
797

2
17
325

(*)

-132

1
-3.254

8

68
(*)
C)

0
0
0

-16

-127
-37
22
0
2
0
2

0
0
-34
-11
-19
wt
0
0
0
0
0
0
0

8

1.906
(D)

213
800
(*)

70
(*)

o

13

8

-63
0
-66

233
-31
-26
<*)
0
-2

3,740
-2

8

1,139
-4,393
0
0
0
0

1

()
-28
0
(*)
(•)
0
90

96
3431
-152
-25
33
2
149
19
43

()
(*)

208

208
0

182

•a

"I

(°)

3

-224

C)
-6
-6
0
0
0
0
0

8

-15
0

-107
632

0
-1
0
0
0
()

-147
0

1,376

(°)

19

-183
-11
-53
-118
(*)

626

105
-106
0

8

-68

20

531
0
0
0
3
18

6

432
2
3
(*)
0
-127

378

13

120

2,474

80

44
0

(°)
(*)
(*)

11
159

(°)

-82
-38
-46

European Communities (12) „-.
OPEC* ....

1,575

482

1,813
0
-66
0
D
<>
1,025

(•)
(•)

Asia and Pacific
Australia
Hong Kong
Japan
Korea, Republic of
Malaysia
,
New Zealand
Philippines ...
Singapore
Taiwan ..
Other

Services

Real
estate

Insurance

-1,002

253
0

3,773
-3

-90
46
243
1,158
14,501
27

^,232
-11
-236
223
-4.363
156

'SS

-144

3,793

6426
0
14
0
0
-586

46
1,133

Finance,
ing

92

24,199
45
75

Food
and
kindred
products

6401

1466

South and Central America .
Brazil.
Mexico .
Panama .
Venezuela ,
Other .
Other Western Hemisphere
Bahamas .
Bermuda.
Netherlands Antilles
U. K. Islands, Caribbean
Other

Petrole-

Chemicals
and
allied
products

2,777

(°)

144
0

297

577

8

169

1,478
14
46
1,342
0
0
4
(*

(°)

417
0
0

A

(*)
14

0
0
1,637
C)

440
0

604
-64

1,159
-16

Other
industries

68

SURVEY OF CURRENT BUSINESS

August 1991

Table 14.2.—Foreign Direct Investment in the United States: Intercompany Debt Inflows, 1988
[Millions of dollars; outflows (—)]
Manufacturing
Foodand
kindred
products

Chemicals
and
allied
products

Primary
and
fabricated
metals

9,485

-249

638

225

409

ft

-3,182
0
-38
(D)
0
34

7,974
12

-774
0
-1

780

-11

ft0

ft
ft
ft

-21
2
-3
0
0
297

814

ft

358

-270
17
-937
(*)
-544
2,806

-28
0

965
9

o
0

7

Norway
„
Spain
Sweden
.....................
Switzerland
United Kingdom
Other

-148
7
-525
-626
4,666

5
0

(°)

-162
-3,078
74

-122

-80

53

-35
-48
5
-18

112

ft

-109
-39
-5
-36
-4
-25

_l
—i
0
(*)
0
(*)

-191

162

ft
0
ft

-78

„

8

~,

Saudi Arabia'
United Arab Emirates
Other
Asia and Pacific
Australia ..
. .
Hong Kong
Japan
Korea, Republic of
Malaysia ..._..
New Zealand
Philippines
Singapore .,
Taiwan
Other

8
10
......—„

Addenda:
European Communities (12)
OPEC?

ft

3
ft

ft
I
ft

0
-1
0
0
-3

ft

1344
-5
246
23

162

-38

ft

488
(
C

857
(•)

0
(D)

0
(D)
0

483
(*)
(*)
0
-8
-20

-145

8

-2,716
(*)
-31

0
-1
1

(D)
0

-2
0
1
0
0
129

0
0
0
0
0
-86

-1,154
0
-861
0
-566
(D)

-11
0

-3
0
0
0

8

8

ft

ft

-8

ft
&

0

o
35
ft

ft
ft3
ft
ft
0
(*)

-3,122
62

8
14
ft

2

8,401

ft

23
0
-1

(°)

D5

-63
98

8
-i

-136

8

645

-5
1

-2
2
193

8
6

10
101

ft
ft
ft0
ft

ft

238
26

ft

-4

-134

( )
71
0

188
(*)

5,704
-1

ft
ft
-9
ft
(D)
(D)
-19

ft

-59

164

-56

373

-5

-5
-1

ft

ft
ft
-4

-31
-16
12
-34
(D)

-1
(*)
(*)
(*)
C)
(*)

-5
0

(°)
(*)
0

-7
(*)
-3
-1
-1
-2

30
0

ft
(D)
(D)

ft

171
-1

-24
(D)

ft

ft
ft

ft
ft

ft

-5
(*)
1
1
0

D

ft

o

o

0
0
0

3
-2

-346
0

1073
-4

-28
(D)

0

0
0

8

H

2
2
C)

ft

0
0
0

0

ft

-99
-97
1
85
0
0
(I

6,937
1,156

?
-1

6,857

8
ft

ft

-1

1,071
5
-69

(D)

-63
1,063
3
39

(

682

41

0

1,433

o

-13

0

166
26
(D)

0
0
0

2^17

-302

7
2
202
435
804
-4

1
-36
-^60

_l
8 2
(•) ft5
l
-2

2,037

-2

(D)

4317
225
34
3,761
255
40
-71
4
93
72
-95

* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. S « footnote 1, (able 10.1.




ft1

ft

-56
284
-19

470

136

48
(D)
-75
(*)
0
(•)
0

-1

8
95

-12
0

ft
ft
ft

o
0

8

ft

3
(*)

374
0
(D)

ft

-5
419
0
0
0

8
-33
-41

ft0

0

0

ft

1,038

-111

244

ft
-54
785

8
-434

ft

ft

-43
(D)
0

40
-1
0
14

1,

ft

-3

810

ft

ft

-1

0
I
0
-1
6
5

(D)
(*)
5
5
5
34
-96

6,668
-3

1,219
20

ft

ft0

ft0
0
0
0
(

o
0

267

C)

(

-li

-54

132

2

ft0
ft

-2
0

0
0

9
0
0
9
(*)
0

-13
0
-9
D
(D)
( )
2

-63
0
2
-79
-53
68

135
3
-5
138
-2
0

26
0
26

0
0
0

0
0
0

968
-3
-5
0

(

0
0
0
-48
(D)

744

(

*9
5
1

ft
ft
ft
\
-11
ft
ft

ft

ft0

o

4

0
0
254

-5
0
(D)
3

ft0

ft
-394
ft

ft

ft
156

-476

-471
(D)
(D)
—38

0
(D)

0
0

ft

335
0

-i
0
(D)
-i

ft

ft

o

tries

0

ft
ft
ft

ft
-8

-4
0
0

Services

Real
estate

-65
0
5
-33
681
C)

0
-987

8

-394
0
20

J)
6 87

Insurance

?
0

4
ft
ft

-580
(D)
1,447
(*)
0
(*)
0
121
0
0
-1499

ft

o oo

999
-94
41

ft

—179
0

-2,097

0

ooo

Middle East
Israel
"..".."
Kuwait

-87
-88
-194
220
-515
490

43
70

ft

ft
(D)

-441

-42

ooo

Africa
South Africa
Other ...

(°)

ft0

8

-3

500

25

ooo

South and Central America ..,
Brazil.
Mexico ...
Panama ....
Venezuela
Other ...
Other Western Hemisphere
Bahamas
Bermuda . .......
Netherlands Antilles
U. K. Islands, Caribbean
Other

(D)
-3
1
-423

42
0

1,668

-283

ooo

Latin America and Other Western Hemisphere

-15
2
238
-692
5.839
-2

555

."!....-

ft

ft
1,341

62

7,774

ft

banking

ft
(*)

ooo

1,020

Germany, Federal Republic of
Ireland ...
Italy
Liechtenstein
Luxembourg ,
Netherlands

61

1351

(D)

Banking

55
55

5,728
6
116
59

Europe
Austria
Belgium .
Denmark
Finland „
France .........

-28

Retail
trade

ooo

8

Other

Machinery

Wholesale
trade

ooo

-3,021

717

Canada

Total

Finance,

Other
manufacturing

ooo

11,562

All countries

Petroleum

535

All industries

0

0

(*)

1,880
10
-21
1,887
2

1

ft

o

0
1

ft6
-

0

-4
0
<D>

0

552
0

489
(*)

8
0
0

8
42

ft
(*)
-6
-3
-1
(*)
(*)
-2
6
1
-2
12

(D)

ft
6
0
6

0

ft
ft

129
4

ft0

0
63

0

ft

8
ft

ft

fto

ft
-7

112

0
0

ft
ft
951
970

72
47
32
0

(

0

?
(•]

-173
126

69

SURVEY OF CURRENT BUSINESS

August 1991

Table 143.—Foreign Direct Investment in the United States: Intercompany Debt Inflows, 1989
[Millions of dollars; outflows (—)]
Manufacturing
Primary
an/
fabricated
me uds

All in.
dustries

Europe .
Austria
Belgium
Denmark .
Finland
Fiance >

22^11

^95

12351

5,532

2,190

U10

(°)

242

(°)

(D)

13,081
—
1
37
611
-1.660

-<J54
0
-189

12,064
—10
(°)
12
494
-457

5,550
0
(D)

Machinery

Other
manufacturing

Wholesale
trade

-260

3,576

1313

1,048

(°)

(D)

256

(D)

3^01
—11
(*)
164

1342
1
10

-384

(°)
(°>

-7

-4

65
8

(°)
/D\

(°)

2,083

8

-459

(°)

Germany, Federal Republic of..
Ireland'
„
.„
Italy.
Liechtenstein
Luxembourg
Netherlands .

486
-2
515
4,441

(°)
0

Norway
Spain ....
Sweden
Switzerland .
United Kingdom
Other

278
-35
-324
1,479
5,960
-70

200

977

(°)

o

(D)
D
( )

Total

565
28
-69
-1
(*)
3.726

8
96
<2
(D00)
76

8
( )

-10
-1

1,280

-26
5.459

D

8

(

1
(D)

5
I
227
-741

331
-1

135
0

(°)
0
(?)

v)

51

(•)

(°)

(°)

(°)

(°)
1,554

o
-28

1
27

10
2
-1
6
(t

5
-3
-472

3

o

763
2

3333

All countries
Canada .

Petroleum

(D)

(°)

U05

129
16
11
-77
97
35
-9
C)
-27
664
29
-52
-1,073

Banking

Finance,
except
banking

843

-177

3,753

200

2,036

W32

349

25

(°)

158

194

-16

373

45

-191
0

358
2

35

2,199

-567

100
-848

19
-1

(*)

0
0

177
0
0
0
0
(*)

139

(°)

0
0
0
0
0

-281

-3
(D)

1

-17
0

Retail
trade

1?
0

(°)
0
5
0

164

(°)
333

Food
and
kindred
products

Chemicals
and
allied
products

(°)
-3

0

-187
0

(°)

556
0
599
-846

5
(*)
3(79
477

C)
0
1

<°)
17
0
1
0
0

(°)
(*)

o

74
0

o
0

(°)
155
!
(°)
17
44

5,158

435

720

(D)

(°>

(°)

(°)

933

(°>

(°)

0

(°)

(D)

-1

South and Central America ...
Brazil
Mexico
„
Panama ...„.„.
Venezuela .«.........»»....«..«.
Other
„

1.423
63
922
(*)

421

921
3
914
-16
17
2

(*)
1
-1
0
0
(*)

-24
-11
-5
(D)
8

1
1

903

0
0

(°)
9

(°)
(*)

(°)
(*)

(")
(*)

38
52
8
-9

(D)

Other Western Hemisphere ...
Bahamas
.....*«
Bermuda
„.
„..
Netherlands Antilles
U. K. Islands, Caribbean ...
Other .

3,735

D

/D\

(°)

(°)
(°)
-1

8

(°)
o
(°)
0

1
0
0
1
(*)

(°)

39
0
0
15
0
24

(*)

(Dj

41
13
21

30

0
0

(°)

(°)

0

£)

306

G

-1

0
0
0

0
0
0

0
0
0

0
0
0

(°)

-4
-4
0
0
0
0
0
_7
0

-30
(°]

0
0
0
0
0
0
0

(°)
(°)

8
3,440
175
203

Saudi Arabia

United Arab Emirates .
Other .
Asia and Pacific
Australia
Hong Kong ..
Japan
Korea, Republic of .„„„..„
Malaysia ;
New Zealand
Philippines ....
Singapore ..„.,
Taiwan
Other ...
Addenda:
European Communities (12) „„,

14
-7
20
<*>)

-200
-199

(D)

(°)

$

-293
-25
28
1
-334
23
12

-293
0

(°>
2

I

(°)

(°)

3,264
-683
28
4,183
-724

-9
145

-172

(°>
(D)

(°)
-5
8
381
-35

(*)
(*)

81
-15
-1

(°)
11,108
139

1
-8
(*)
1
-835

(°)

0

-197
0

0

0

0
-333
-1

( )
0

(F)

(°)
(°)

(°)

* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.1.




(°)

92
-9
100

Africa
South Africa .
Other ..Middle East
Israel
Kuwait.,
Lebanon

(°)

0
-7
412

333

Latin America and Other Western Hemisphere .

t°)
15

-i

0

*4

4
2
2

-5

(°)
(D)

C0)

<°)

(*)
-2
2

4

0
0

0
0
0
0
0
0
0
246
182
16
39

(°)
0
0
0
0

(°)

133
-83

148

&

233
(*)
0
(*)
0

(°)
1

0
0

(°)
(°)
(D)
—32

(°)
(°)
0

0
42

23

14

2

10,741
17

5,591

2,152
8

—
5

0
0
0

(°)
1

(°)
o
(°)
-654
(D)

-3

(°)
0

1

(°)

S
(°)
-2

o
(°)
-32

-82

("4

<°)
(*)
(°)
(°)
0
0

l
0

0
0
23
-3

(°)
(°)

(*)

(°)
(°)
-32
-15
0
-1
0

(°)

8
0

8
i

G
0

(°)

1,588

0

S
147
—
3

c

(°)

<°)

(

<>
°

?
8

2,403
9

1,248
1

1,668
(°]
(*]

-296
-22

(")

(*)
377
0
-40

-720
-301
-3
-416
-4
G

(°)
-2

(°)
0

-23

c

c
0
0

-29
/t>

0

14

c
c

c
(°)
-123

(°!
(t>

(D
0

0
8
0
31
0
(*)

-191
0

-45
0

t
0
0

0

0
-7
0

(°)
i

c
0
0
0

Other
Indus*
tries

Services

Real
estate

Insurance

-3

C)
C)
-47
26
18

(°)
c

(°)
(°)
c
(°]

-79

(°)
(*)

o
-17
799
36
(*)
17
13
1,196

(°)
(°)
0
(°)
0

(°)
1^
-21
1^08
0
0
13
0

(°)
0

(°)

0

71
0

157

(°

8

8
8
27

(°)
-10
(D)
(*)

0
(*)

(°)
-3

(S
°c
(°)
c
(°;
24
2

/t>

c
0

(°)
(*)

(D)

(°)
-3
<°)

8
(*)
0
(*)
8
-7
0
0
8

0

(°)

198
(D

88
#1

20:
(•
0

85
4

o

o
(D
D
(
(°)
2.135
21

(°)
(*)
o
(°)
c
0

-599
(*)

70

SURVEY OF CURRENT BUSINESS

August 1991

Table 14.4.—Foreign Direct Investment in the United States: Intercompany Debt Inflows, 1990
[Million* of dollars; outflows (—)]
Manufactunng
Food
and
kindred
products

All industries

AH countries .
Canada

4,185

..„....„„....„«...

-1*448

315

Chemicals
and
allied
products

-3,144

2&S

-2,667
0
-136

-2,765
0
-39

1
-45

219

-3,515
-405
62
46
1,324
3,438

-452
0
-1
0

Latin America and Other Western Hemisphere .

260

3
0
0
103

(°>

0

£

-3^53

123

8
-449
3
45
0

-206

629

190
0
0
0
1

u»

3,248
12
1,479
0

-4
82
0

1,086
-928

60
1,036

0

33
-34
0

1,334
-1
-1
-3
59
0

8

0
0
-15
0
4

-17
0

630
-2

2,413

Services

-2.030

8

(•)
0
468

20

Real
estate

378
0
1
0

35

(°)

-15
8
-3

Z318
-2,878

Insurance

-2,887
222
-24
0
226
-2,507

8

1,050
1.555

Finance,
except
banking

691
(*)
167

-1,362

843
213
18
0

Other Western Hemisphere .
Bahamas
Bermuda
Netherlands Antilles .
U. K. Islands. Caribbean
Other.

-10
4

8

0
0
0

1
0

H 1
0

-132

8

8
o
-25
0

-24
-165
0

1,482

&

48

0

0

Africa .......
South Africa .
Other .....

0
(P)

Middle East ....
Israel
Kuwait.,
Lebanon ,
Saudi Arabia .
United Arab Emirates ..
Other .

251
-49
-44
0
350
13
-21

Asia and Pacific .
Australia .
Hong Kong .
Japan
Korea, Republic of ....
Malaysia
New Zealand
Philippines ....
Singapore
Taiwan
„
Other .

332

o

<i

0
0
0
0
0
0
37
-12
20

350

6,487
551
81
6,209
-639
-19
43

i

172
17
68

'

-1,794
512

• Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1. table 10.4.
2. See footnote 1. table 10.1.




Banking

680

-8
198
0
-156

-789
-52

D

Retail
trade

8 8

South and Central America
Brazil ....
Mexico .
Panama
Venezuela ,
Other

Addenda:
European Communities (12) .
OPEC 2 ....

Machinery

Wholesale
trade

90

-2^50
229
-6
200
-685

16
78
-1,275
-2,027
17

fabricated
metals

Other
manufacturing

-602

-380

Europe
Austria
Belgium ,
Denmark
Finland
France

Pri-

8
8

8
-64
-64
(*)
0

o
0
0
0
1,901

n

o
0

1,201
(
39
1,671
-339
-7

8
1,432
0
-1

-2,686

-1.150

1,2*1
4
1,373

0

-117

8
0
23
-3,232

433
-30
124
-310
(*)

3

0
(*)
915
-3

-1,364

497
2

698

-20

-2,965

0
-39
0
-133

1,194
<*)

8
-16
1,650
0
0
0
0
-1
0

' • $

Other
industries

71

SURVEY OF CURRENT BUSINESS

August 1991

Table 15.1.—Foreign Direct Investment in the United States: Income, 1987
[Millions of dollsn]
Manufacturing
All industries

Total

Primary
and
fabricated
metals

Whole-

Other
Ma-

trade

facturing

Finance,
except
banking

Banking

Retail
trade

Insurance

Other
industries

Services

Real
estate

1,994

4,584

719

2,034

-100

-94

2,025

572

146

327

-251

725

-89

-801

-8

146

-18

17S

19

37

-144

127

139

46

-258

214

19

-378

267

-25

101

694
0

im

129
2
1

-164
10

1,737

39
-7
24
-5
-8
4

380
0

-400

-11

966

-125

-114
-2
(*)

-402

123
0
-2
1
1
143

„
.._

0
126
(*)

Germany, Federal Republic of ...... ...............
Ireland
!..

.....
""

Liechtenstein
Luxembourg
Netherlands

„
.............

Norway
Spain
„
Sweden
Switzerland
United Kingdom
Other
.

..

_
„
............

Latin America and Other Western Hemisphere
South and Central America
Brazil ............................
Mexico ...„
..
Panama
Venezuela ....
„
M

Other

Asia and Pacific
„
Australia .......
..........
Hong Kong . . „
Z
Korea* Republic of

„
„„
„

i

1.196

o

286
369
2,313

-14

-44

0
38
16
21

0
126
-9
119

89
77
1,084

-26

(°)

ISO

-18

70

-30

3

-10
1

10
0

-8

74
29
16
11

1
104
(*)

2
7
107
108
124

o

6
41
0

0
0

(*)

i

0

C)

9
0
(*)

-5
0

-90
0

-3
(*)

4
C)

6

3
(*)
0

90
0
64
13
14
0

190
4
103
62
22
(*)

-28
0
-1
-34
4
2

.......
„„
„ ....

-4
<*)
56
-74
9
5

21

9
0

(F)

<i

23

.....
„..............
"„„.«

-342
15
-310

0

...
......
.........................................

......

382
-146
-27
597
-46
-2
-17
3
47
-25
6,118
-289

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote I, table 10.1.

-*4
(*)
-74
0
0
0
0
0
0
0

2.140

Si

<•>
0
0

R
(*)
C)

143
85
21
8
-5
C)
-2

0

0
5

0

0

o

14
0
-2
-180

5
0
33
179
936

<7

17
0
0
19
-2
0

-54
8

-15

0
1
0
106
153
1

382

(°)

-73

-316
10
128
-204
-250
-1

-15
-2
18

8

-I
0
0

-1
0

0

2
0
o
369

-6

0
0

..................
. . .

-29
1
6
117

0

-221

-15




10

-2

-217
-1

_

D

1
29
796

30
0
-5

3
-55
-278
C)
-25

18
24
-21
-42
54
3

Z
„

288
C)

•i

...".!!..!!.".."II.!1."..T."1"""!..!..I!.".".."..™!.-..
„
„....
«„.....
„ ..„. ......
................................
„„""!!.
.............
........

Addenda:
European Communities (12)
OPEC*

(°)

6

67

-213
-3
1

„
„„

„.

-19
-1
2

„„

..

2

346

(4

-298

„..,..
...„„..«..

„„

Middle East . —
Israel
Kuwait „
Lebanon
Saudi Arabia
United Arab Emirates
Other

-7
8
366
836
3,895
14

Z" ZZ.

Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles .
U. K. Islands, Caribbean ....
Other
„
Africa
„„
South Africa .
Other

-185
86
-53
-U
21
1.977

„ L.
.........................................

""1
,.

2

......

0
0

0
0

ooooooo -

«

7,299
-9
386
-8

o

o

-i
0
0
0
-1
0
0

0
0

(O\

1
C)
0
1

fD\
0

(O\

0
0

0

62

57

(*)
53
0
0
0
0

-5
-4
0
0
0
0
0

$
3.723
29

582
0

1,789
-2

-32

•3
-40
~0
0

43
19
15
-25
0
-1
0
0

-4
0
C)
-2
0

?
(*)

8

30
(*)

0

0

(*)
-285
-1

1,569

-5
-14

329

57

438

•S 8

\°)

68

0
0
C)

-164
-2

8

28
0
0
0
0
0
0
0

438
-5
-2
1
2
14
3

359

-465

0

SI

88
0
4
0
o
98

-25
(*)
(*)
-4
1
15

9

-I

37
305
410
0

-8
-8

C)

-4
-6
-26
-145

-7
1
-4

-4
(*)

-6
0

-88
-1

14
69
(*)

35
(*)

-136

-178

-75

-49

26
0

-13
(*>

-50
0

-1

-n
2

8

-165

0
-25

-133
-52
-7

-19

0

-4
0
-4

(*)
0

(*)

0
0
0

12
11
C)
0
0
0
(*)

29
C)
43
-2
-9

(*)
0
-49
-13
76

-4
0

24

-162
27
-215
0

(

S

403
-38
(*)
C)
C)

6
0
2
-4
13
47

0
2
13

9

~0
0

Q

13
-1
HS
24
(*)
(*)
-2
-1
0
0
-2

0
0

0
0
0

6
81
-281
17

0

-Si

70
-7
10
0

ooooooo

„

-21

New Zealand
Philippines
Singapore
Taiwan
Other

Pood
and
kindred
products

7.1*

AH countries
Canada

Belgium
Denmark
Finland

Petroleum

Chemicals
and
allied
products

-135
-141
1
12
(*]

3
c

-14
0
-13
C)

1
0
4
0
0
-5
1

-78
6
-67
1
(*]

o

0

Q
3
<;>

-40
4
-133
-1
C
C

c

-49
-5
4
-45
-2
-11
-1
-10
-22
-4
-7
0

-98
-73
-22
2
0
2

(

?
0

0
59
(*)

613
-1

-109
35

83
-17

August 1991

SURVEY OF CURRENT BUSINESS

72

Table 15.2.—Foreign Direct Investment in the United States: Income, 1988
[Millions of dollars]
Manufacturing
Food
and
kindred
products

All industries

All countries .

Chemicals
and
allied
products

Primary
and
fabricated
metals

Machinery

Other
manu*
facturing

Wholesale
trade

13,626

7,421

1,648

2,804

906

175

1,889

2,448

-84

391

20

13

266

-32

124

126

11,749
-40
286
-1
-14
281

«*.

1,640
0

2*470

609

251

1,748
1
4
4
-4
51

573
143
7
-22
-1
2,109

290

7
1,043

24
47
301
1,082
6,957
17

45
-1
285
634
3,770
()
*

727

496

270

523
44
35
302
113
29

35
-1
-2
40
-2
1

4
0
0
6
-1

Canada
Europe ....
Austria
Belgium ..„
Denmark
Finland
France

„
„.„.....„.,

Germany, Federal Republic of
Ireland
Italy „
Liechtenstein ,
Luxembourg ..
Netherlands ...

Latin America and Other Western Hemisphere .
South and Central America ............
Brazil ....
Mexico .
Venezuela
Other
Other Western Hemisphere .....
Bahamas .......................
Bermuda
*..,
...
Netherlands Antilles ..„!..._
U. K. Islands, Caribbean
Other

Asia and Pacific .
Australia
Hong Kong
Japan
Korea, Republic of .
Malaysia
New Zealand ..
Philippines .
Singapore ...
Taiwan
Other .
Addenda:
European Communities (12) .
OPEC1 ....




364
-1

3
(*)

0
-63
2
0
171
3
471
(*)
(*)

57
0
57
(*)

17
138

175
-118

<:i
-i
(*)
-241

104
-42
1.437
-48
(*)

52
(*)
45
0
0
-3
0
12
0
0

-223
-12
(*)
-9
-1
12

9
33
-32

10,410
-145

-1
0
0
0
-1
0
0

2,505

5,761

1,553
0

2,061
-2

Banking

1,489

Finance,
except
banking

Insurance

-176

148

93

84
183
551
-3

16
83
1,215

0
(*)
-40
-17
0

(°)
-4

8
103

<P)
-117
-110
-5

198

0

61
(*)

274
339
0

-23

-12
0
-12
(*)
1
0

3

43
44
-1
-241
-4

4

-1

7

35
-2
(*)

<•>

-6
-27
0

-582
-105

117
0
4
0
0
-80

r
I

-2
(*)

Services

98
(*)
(*)
0
<*)
-8

53

135
7
44
92
-9
{*)

129

736
()
*
()
*
0

30

-2
(*)

200

Real
estate

-436

C)
0

(•
_)

0
0
0

-269
38
-214
-2
-21
-18
-53

(*)
9
183

-1
0
0

C)

41
1
40

8
-1
-24
200
-1
-9

(

63
332
1,035
0

99
361

'I
'

-263

265
0
(*)
265
0
0

• Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 10.1.

D

-1
-9
(*)
(*)
471

461

Africa
South Africa ,
Other .._
Middle East ....
Israel
Kuwait.......
Lebanon
Saudi Arabia
United Arab Emirates
Other

7
0

135
7
-16
366

Retail
trade

3
i
(*)
-237
6
-160
-75
-9
-10
0
-10

2
-10

(*)
(*)
38
284
(*)

-35
0

-9
6
-95

(*)

71
-3
(*)
(*)

0
0
0
0
(*)
-3
23
-1
-22
0
0
0
0
0

3
420
0

8

0
0

-14
29
-5
0

-239
43
12
-278
-7
0

0

"o

0

-ii
(>
*
-2

-i

145
37
-12
117
(*)

i

0

i
(•)
(•)

1,651
(*)

891
-1

C)
()
•
()
*
-149
-2

390
-1

0
-1
-3
(*)

*3
-113
-I
0
0
1
(*)
(*)

Other
industries

73

SURVEY OP CURRENT BUSINESS

August 1991

Table 15.3.—Foreign Direct Investment in the United States: Income, 1989
[Millions of dollars]
Manufacturing
Food
and
kindred
products

All industtics

All countries .
Canada ~
Europe.
Austria
Belgium .................
Denmark
~
Finland .
France .

11,512

2,228

6,593

2,758

-107

138

340

10,630
-76
360
-14
57
-446

1,929
0

6,448

2,605

(°)
(*)

8

626
139
-152
-12
-48
2,310

-15
(*)

Norway —
Spain ....
Sweden .
Switzerland
United Kingdom .
Other

-8
29
266
1,374
6,220

()
-5
-2
30

877

Machinery

25

776

1,480

324
81
-6
18
963
11
-9
285
702
3,789
(*)

rate

522

69

140
-1
-5

1,700

951

100

i

46
-12
59
188

Wholesale
facturing

609
3
8

-1,468

175

1,850

Retail
trade

205

-17
-36
196
<)
-38

538
-I
13
0
(*)
457

-313
-1
-16

()
0

1
0
128
9
655

-3
-10
61
32
1,390

-13
-4
1

-5

78
483
835
0

296

<)
292
(*)

-5
6
42
198
238
(*)

51

Latin America and Other Western Hemisphere .
South and Central America
Brazil.
Mexico .,
Panama
Venezuela „..:....
Other .

199
59
-125
193
64

Other Western Hemisphere .
Bahamas *
,
Bermuda .
Netherlands Antilles
„
U. K. Islands, Caribbean .
Other

-148
20
-52
-28
-163
76

Africa
South Africa .
Other .
Middle East ,
Israel ,
Kuwait
Lebanon ,
Saudi Arabia
United Arab Emirates.,
Other .

738
-175
-74
1,143
-84

342

8
302
32
0

216
35
146
-4
56
-22
5

Asia and Pacific .....
Australia
Hong Kong .
Japan
Korea, Republic of ....
Malaysia
,
New Zealand .
Philippines
Singapore .
Taiwan .
Other .

-9
-2
(*)
-6
-1
(*)

-16
-3
-14

«6O2

°

9,022
251

1,906
193

5,383

(°)

-37
2
23
12

-2
-495
-2
(*)
-14
-1
12
6

101
0
(*)
101
0
0
48
0
48

0
0
0

32
-6
0
23
0
0

0
0
0
(*)
110
67

2,029
-2

-24
-2
21
55

-50
-75

8

-26

.8
-2
-1
(*)
(*)

<•?

0
0
-205

•S

(°)
51
3
0
0
0
0

-121
C)
0
0
0

8

°

(P)

(°)

3

0
0
258
-3
4
203
54
0

-1
0
0
0
-1
0
0
-20
12
0
-33
0
0
0
0
0
0
0

• Less than $500,000 (±).
** Suppressed to avoid disclosure of data of Individual companies.
1. See footnote 1, table 10.1.




Primary
and
fabricated
metals

-17

Germany, Federal Republic of .,
Ireland .
Italy .
Liechtenstein .......
Luxembourg ......
Netherlands .

Addenda:
European Communities (12) .

Chemicals
and
allied
products

-503
53
1
-494

208
8
-12
328
-116
-1
(*)

0
-2

7
-2

(°)

1.746
(*)

388
-1

189

SURVEY OF CURRENT BUSINESS

74

August 1991

Table 15.4.—Foreign Direct Investment in the United States: Income, 1990
[Millions of dollars]
Manufacturing

and
fabricated
metals

Machinery

3,440

935
84
681

All industries

AH countries .
Canada

Pctrok-

1,782

3,171

4,270

1,069

-45

119

SOS

-30

4306

1,181

«...

Europe .
Austria
Belgium „
Denmark .......
Finland .
Fiance

3,424
-140
.16
-21
129
-731

Germany1
Ireland ....
Italy
Liechtenstein .
Luxembourg .,
Netherlands

-283
-64
-264
-59
-52
-204

Norway
Spain ,
Sweden .
Switzerland
United Kingdom -...
Other

24
22
-81
-453
5,612
4

Latin America antf Otfcar Vfm

428
32
35
206
114
41

3
<*)
605

1
64
1,907

54
-16
99
-704
-101
5
-22
3
11
328
17
-18
208
21
4,421

3,127

7
-7
(*)
(*)
424

473
-1
13
0
0
445

(*)
0
18
491

82
475
1,315
0

&
3
0
6
414
(*)

Other Western Hermsphen .
Bahamas .
Bermuda...»...«
Netherlands Antilles .
U. K. Islands, Caribbean .
Other .

-1,147
104
(*)
-100
-1,180

Korea, Republic of
Malaysia „....
New Zealand
Philippines ...
Singapore .....
Taiwan .„..„„..,
Other
Addenda:
European Communities (12) .
OPEC1 ....




8
o
104

()
30

408
-21

-S36

326

(*)

-,,546

863
(*)
-20
-10
-18
-580

-476
10
3
-15
1
-55

-269

-252
-5
-26

-347
3
-11

-315
2
-71

78
0

136

3

-4
-227

-97
1,849
-1

-187
1
16
-138
99
179
1

0
4
(*)
-15
-162
0

353

-235

27

-2
0
130
-375
352
(*)

-S
-11

-16
4
5
-21
-1
-2

8
8

14
-27

i!

(°)
(*)

-842
-263
-77
-364
-116

-1,101
-10
-I
-1,046
-14

-12
-A
6
4
-22

12
-26
2,704
152

3,959

(°)

Banking

0
0
0
0
0
0
0

0
0
(*)
132
43

-35

8

§

-21
(*)

-587

553
(*)
(*)
0

-384
(*)
0
-1
-21

390
(*)

-113
4
-1
-49
-2
-13

9
4
-3
-5
2
-140

-7
-59
-107

3
(*)
6
22
429

8

i

0
9
-39
-63
-2

"o

8
151
0
0
309

-835
(*)
-148
(D)
-394
-4

0
1
0
(*)

-233
(D)

16
-73

0

2.549
-1

685

0
C)

989

-451
-2

57

15
1
39

-59
(*)

-1

8

-547

-565

-25
-492

10

-32
0
-32

-7
0
-7

-3

1
-1
53
-9
-34

(°)

7
0

()
-3

-299
-57

-72
38

18
18
0
0
0
0

(°)

-7

(•)

260
-181
1
443

185
-18
-26
275
(*)

2

-645
(*)

(°>

-61
-1

-21
0
-17

P)

-1,685
-36

-5
0
-16

•5

(*)

-254
0

i
-168

-7
0

0

-348
0

I

-8
-1
-29

-46
-2
-5

8
8

(•)

987
0

-530

-606
32
0
1
31
<*)
(*)

~0
0
0
{*)

3

-1,423

421

-1,444

226
41
23
277
-127

8

Other
industries

Services

1,093

-1,536

-18
-18
1
C)
0
0
-416

nance,
except
banking

-129

-703

-33
(*)
-33

0

(*)

C)
(*)
(*)

Retail

24

-43
0

o

3
C)

* Less than $500,000 (±).
Suppressed to avoid ctiscla««re of data of individual companie*.
1. See footnote 1, t*M* 10.4.
2. See footnote 1,titbk10,1.
D

0
0
-4
0
0

C)
0

-35
2
-5
67
-9
-13
-28
-11

3.999
139

767

51

-24

-3*

Middle East
Israel
Kuwait
Lebanon
Saudi Arabia

-1,941

-28

29

Africa
South Africa .
Other

Wholesale
trade

-813

17
0
9

Other
manufacturing

-14
-6
-45
^88

3
212

-718

South and Central America
Brazil
Mexico
Panama .,
Venezuela
Other

2

Pri-

Food
and
kindred
products

Chemicals
and
allied
products

485
-1

-257

0
(*)
(D)
(*)

H?
0
(*)
0
1

~2
-2
4
-166
-14
-68
-66

0
-1

(°)

-67
-2
0

(°)
C)

3 8
362
5

(•)

-219
-24

SURVEY OF CURRENT BUSINESS

August 1991

75

Table 16, -Foreign Direct Investment in the United States: Country Detail for Selected Items
[Millions of dollars]
Direct investment position on a historical-cost basis

Income

Capital inflows (outflows (-))

1987

Austria ...
Belgium
Denmark
Finland
France ....

Sweden
Switzerland
United Kingdom
Otoer

-

Western Europe, nee
Andorra .,
Gibraltar.
Greece ....
Iceland
Malta
Portugal

.
„,
_

373,763

403,735

58,119

59,424

70351

37,213

26,566

28,686

27 733

3704

1,179

3,212

208,942
392
3,471
588
452
13 233

242,961
559
3,972
632
1,284
16 822

256,496
761
4^30
772
1,763
19350

45,872
66
353
15
71
2997

32,996
31
444
90
120
3059

25,250
725
752
181
-131
48,128

29,015
1,218
1 374
177
512
56,316

27770
905
1352
184
1,831
64,333

4,411
96
10
17
4
8.484

220
511
4713
14,372
95,698
388

515
646
5 303
18,772
105,511
332

683
796
5450
17312
108,055
349

330

284
1

292
1

99

86
9

94

(*)
16
15
47

Yugoslavia
Eastern Europe
Bulgaria ........ .

„

P)
P)
18
41
51

17
17
32

1
25
17
44

58

48
(*)

57
0

27

„.

Bahamas
Bermuda
Netherlands Antilles
Barbados
Dominican Republic
French Islands, Caribbean
Grenada
...
Haiti

146

-84

-107

-45

43,275
301
465
44
1,014
3369

16314
201
114
135
470
4 359

7^89
-9
386
-8
-6
-21

11,749
-40
286
-I
-14
281

10,630
-76
360
-14
57
-446

3,424
-14C
-16
-21
129
-731

2.403
295
-691
-4
-318
5,782

3 341
818
850
-14
573
7338

-950
-314
255
9
1320
7,075

573
143
7
-22
-1
2,109

626
139
-152
-12
-4S
2,310

-283
-64
-264
-59
-52
-204

—25
71
934
2,997
25,314
56

-106
63
-48
822
20.983
73

285
135
496
4,749
18,866
-56

167
149
602
-964
3,668
17

-185
86
-53
-11
21
1,977
_7
8
366
836
3,895
14

24
47
301
1.082
6.957
17

-8
29
266
1374
6020
4

24
22
81
-453
5,612
A

51
-2
1

-47
0

17
0

4
0
(*)

2
C
(*

15

79
0
-1
Pi
9

' Q

Pi

Pi

-3
2

(*
(*

-1
11
12

Pi

Pi

P)

9
0

13
0

-3

—
2

(D)
2

-4
5

2
-1
-24
-19

-2
8
(*)
11

5

-6

-9

8

2

8
-2

81

£)1

o
1

(

o

*9
8
-5
0
3

2

2
I
0
-1
1
1

1,782

o
1

c

2
(*)

P)

P)

Pi

Pi

Pi

Pi

17,435

19,661

-2^09

3,223

5,647

2,055

-29S

727

51

-711

3,935
293
180
2,627
411
425
305
0
0
29
59
1
10

4,331
286
218
2,878
540
409
291
0
-1
34
68
1
7

6,624
423
1051
3,039
1,431
474
359
-1

7,076
414
554
3,256
2361
491
399

381
-7
38
242
115
-8
-14
0
-1
5
17

2300
142
1.033
320
740
65
68
-1
1
6
-15
(*)
-2

506
-14
-697
270
930
17

199
59
-125
193
64
8
6
0
0
1

421
3:
3.
2X
C
11'
4

-2
0
11

-7
(*)
10
(*)

18
24
-21
-42
54
3
11
0
0
2
_9
<*)
-1
( }
!

523
44
35
302
113
29
26
0
0
2
1
(*)

-1
0
11

379
68
16
256
-1
41
29
0
0
14
3
-I
-3
(*)
0
1
(*)

0
-1
(*)

10

0
(•)

-2
-8

2
13

12384
13U
2035
11,150
-3,218
905
147
0

-2,889
-11
99
693
-3,835
166
11

2,842

3347

n

a
53
1
5

-2
-4

0
10

6,168
179
1,087
8,062
-3.335
175
32
(*)

*

6911

10,812
-37
851
9,265
-122
855
-15
0

1,067
8,935
-3,867

<°)
72
0

P)
28

P)

-2
4
53
-2
16

50
3
8

8
0

8
80

.. ...
-

Morocco «
Sub-Saharan
„
Cameroon ............ ...................................
Gabon
„«.
Ghana
.....
Guinea
................................... .,..
..„......„,
Guinea-Bissau
Ivory Coast
„.,„„..,...„
Kenya
Liberia
Madagascar
Malawi .............................................................

„
_. .........................

_.....
............

„
..........

..........

Swaziland
Tanzania
Uganda .....
.
»..»
— «-.. ............
U. K. Islands, Atlantic (Africa)
Zaire*
........
Zimbabwe ..„.......„..—-......—»........-..—..........—.........••....—...................

8
8
2

8
8
2

(*)

-1

441
37
404
17

591
86
505
3

601
129
472
8
1
7
464
(*)

0
P)

822
£>
Pi

0
0
3
1
0
2
-4
212
8

3
2
0
2

S

8

387
—
1
-2
0
1
0
2
-2
343
0

8
2
0
2
0

-8
11

502
-1
(*)
0
0
2
0
456
0

S
s

-1
Pi

I

(*)
-l

P)

0

Pi

Pi

48
2,025
326

Pi

51

{*)

-3
11
(*)

Pi
-4

Pi
_5

8

Pi
Pi

(

1

Pi

-64
181
3,208

P)
0

-39

29
6
1

8
0

8
0

43

(•)
(*)

(*)
-2

C)

2
1

0
0
2
0

(•)

-112
0

63

0
1

o

0
1
0
(*)
(*)
436
0
-1
-18

—
2
(*)

a

- 36

(•)

(*)

521

.•.......»»«........»..»».

8
8
2

-i

........




13

11,243

0
5

-

....

..„„

11312

Pi

29

South and Central America
Brazil
.
Mexico
Panama ...................
,
Venezuela
Other
......
Belize. !!!!!!!!!!!!!!!!!!!!!!I!!!!!Z!!™!!!!!™!!!!!Z!!""!!"!!"""«!!!!!!!!!!"!!!"™™1!
Bolivia
„
Chile
Colombia
Costa Rica
„.
Ecuador
El Salvador
„
„„
Guatemala ..
..„ ........
Guyana
Honduras
.......

... .

13,626

28
13

P)

Latin America and Other Western Hemisphere

St. Kitts and Nevis
Trinidad and Tobago

1989

7,198

10,103

. .....

Suriname
Uruguay

]

1990

1988

1987

1
0
-1
2
(*)

64
0

Poland
Union of Soviet Socialist Republics

Africa
„
South Africa
Other
Saharan

314,754

91

Norway

1990

352
442
4910
13.772
75319
283

.

1989

224
1
1

Ireland
Italy
Liechtenstein
Luxembourg
Netherlands

1938

21,905
544
1310
190
590
46,636

.
«

1987

181,006
245
3,371
498
295
10 137

Canada

1990

263394

-

19S9

24,684

All countries

1988

152
-1
-2
-3
G
0
(*)
3
169
-8

I
0
2

0
(*)

(*)
C
(*)

Pi
(*)

Pi

Pi

P)

0
-1

100
-11
111

s(*)
2
0
0
0

C)

2
124
C
( }
*
(*j
(•:
(*)

-i
Pi

0

1.549
1356
1,281
2,189
-3306
29
142
0

8
0
Pi
0

0
(•)

0
1

0
1

-316
10
128
-204
-250
-1
_3

205

-143
20
-52
-28
-163
76

(*
(*
(*

0
C)

(*

h
-1,14

to
(•

-10
-1,18
2
(t

C)
(*)
0

(*

P)

Pi

(E

21
_2
23
-2

41
1
40
-3
(*]

-16

-3

-14
-8
-6
-2
-6
C
C
C
0
0
(*)
(
-9
(
(

-3

3
2A
C
C

c
0

-19
C

c
24
(
0

(•)

•ft
0

(°

2
0

0
(*)

(*]

-118

C)
(*)
0

0
0
(*)

J3
(;
*
(:
*

(*)
(*)
<*)

(*)
(*)
0
(*)
(*)

8
175

1
(+

1
1

o
(*)
(*)

i
12
43
-31
5
9
-4
-36
(*)

C)
0

(
(*:
t
(*)
(*
(*)
0

o
(*)

43
C
0
C
C
0
(•)

c

41

c
(
(

(*;
<
(*)

0
(•)

(
(*
(
(*)
(•

0

(

('

-2

.(
-2

(
(

SURVEY OF CURRENT BUSINESS

76

August 1991

Table 16.—Foreign Direct Investment in the United States: Country Detail for Selected Items—Continued
[Millions of dollars]

1987
Middle East

-

Kuwait
..
Lebanon
Saudi Arabia .....
United Arab Emirates« —

«
..

.

*.....
—

....

-«

......

Iraq-Saudi Arabia Neutral Zone ...
Jordan
......,.,,.......„»
«..

.«.

......

Bahrain

«

Asia and Pacific
„
A ustralia „..„„.... .„.„...
„..
Hong Kong ....
Malaysia
New Zealand .
Philippines

Afghanistan
Bhutan

.....
—
..........

.

....,....».„.......„
..*...
.....
«

......
...
«»

.......

„

.......
»

....

......

««..„„
.......
...... .......

.....

1™^™!™"^"""*-^™-!!^!"!™^^"!!!^--"!!"!!"^"^™*"-.--"!^^^
..
. ..

.............................

Indonesia

...................

...........................
.........................................

Paldstan "!"r.."!"."!!"l.~I"^
Papua New Guinea
„
Sri Lanka „
Thailand
United Kingdom Islands, Pacific
„„
Vanuatu . ......
.......
.. „.„.
Addenda:
European Communities (12)

„

....

6,570
587
3,954
-7
1,826
111
100
53

42,108
5369
941
34,421
198

60,992
7.171
895
51,126
505
42
154
73
510
329
186

263
73
391
199
246

i

9
8




31
8
77,664
7,224
1,193
67319
-188
29
201
82
934
534

....

.._ .

....

.....

...
.........

0
(*)

-1
86
26
57
0
31
19
-1
0
(*)
100
5

161,061
4,658

188,342
6,487

4,114
594
1380
-18
1,786
98
75
36
21
6
95,131
8394
1,240
83,498
-850
31
254
77
1,129
928

0

C)
58
23
35
1
27
15
0
0
0
78
0
0

21
41
0
30
14
0
-2
0
72
5
-2

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. For 1987-89, this line includes only the Federal Republic of Germany. For 1990, it also includes the

D

6,425
600
4,113
-9
1,496
112
113
62

0

.„„........................»....„......_......

Cambodia
China

4,973
632
3,898
(*)
257
43
142
43
2
0
84
9
3

216,132
7,228

1988

1987

1990

1989

1988

92
-11
126
-1
-16
-11
6
18
(*)
0
-12

10,918
1391
478
8,791
-133
-26
102
(*)
139
74
101

1,419
-56
-64
1315
67
-42
10
(*)

•§
5
20,646
2,770
85
17,287
308
54
-61
119
130
-51

1990

1989

(*)
54
5
-4

319
-6
57
-9
329
-14
-38
-26

-342
15
-310
-1
-15

3

0
-9
-2

137
5
2

3
(*)
0
0
0
47
0
0

246
399
17.425
-696
-14
23
9
470
435
174

229,913
5,897

41.769
85

90
5
41
0
1
4
-1

-3

18,500
940
76
17336
-666
125
210
394
86

3

0
3

32,120
1,648

36,496
606

15.817
1,290

382
-146
-27
597
-46
-2
-17
-1
3
47
-25
0

431
-I
C)
3
0
0
0
-2
0
0
6,118
-289

1989
216
35
146
-4
56
-22
5

7
-1
1

(*)

(*)

-1
0
-2
0
-6

-269
38
-214
-2
-21
-18
-53
-1

0

26
3
-5
0
4
1
1
0
-1
37
0
1

-2
12
(*)

1988

1987

-154
13
150
-2
-330
2
13
9

0
112
29
62
0
35
19
0
0

Income

Capital inflows (outflows (-))

Direct investment position on a historical-cost basis

1990
2
-5
67
-9
-13
-28
-11
-5
(*)
0
-5
-2
1
-842
-263
-77
-364
-116
1
-12
-4

1,463
104
-42
1,437
-48
(*)

738
-175
-74
1,143
-84

1
9
33
-32
1
0
0
<*)
-34
3
-7
(*)

2
23
12

0
-1
-68
1
3
0

3
0
0
0
1
0
(*)

8
0
0
0
3
0
(*)

0
(*)

10,410
-145

9,022
251

3,999
139

12
-2J5

H 3
-23
-7
0
4
8
0
0
0

former German Democratic Republic (GDR). This change has no effect on the data because, prior to 1990,
there were no U.S. affiliates of the former GDR.
2. See footnote 1, table 10.1.

77

SURVEY OF CURRENT BUSINESS

August 1991

Table 17.—Foreign Direct Investment in the United States: Industry Detail for Selected Items
[Millions of dollars]
Direct investment position on a historical-cost basis

Income

Capital inflows (-))

1987

1988

1989

1990

1987

1988

1989

1988

1987

1990

1990

1989

263394

314,754

373,763

403,735

58,119

59,424

70451

37,213

7,198

13,626

11412

1,782

Petroleum
Petroleum and coal products manufacturing
Integrated petroleum refining and extraction
Petroleum refining without extraction
Petroleum and coal products, nee
Other
Oil and gas extraction
Crude petroleum (no refining) and natural gas ....
Oil and gas field services
Petroleum tanker operations
,
Pipelines, petroleum and natural gas .
Petroleum storage for hire .
Petroleum wholesale trade .
Gasoline service stations ....

37,815
31,950
31,263

36,006
29,469
28,705
606
158
6,538
2.267
2,101
166

37,201
28,991
27,065
1,744
183
8,210
2424
2,297
227

38,004
29,044
26,105
2,693
246
8,960
2488
2,388
200

M76
8,033
8,094

-2,120
-2,468
-2459

-642
-867
-1,792
899
26
224
254
263
-9

772
53
-959
949
63
719
30
91
-61

1,994
2.440
2.373

2485
2.816
2,671
107
37
-231
-358
-317
-41

2^28
2,601
2,454
126
21
-373
-256
-174
-82

3,171
2,762
2,561
163
38
409
-74
-2C
-54

3,101
5

124
2,827
437

5,490
71

48
-29

378
-223

664
13

-299

59

Manufacturing

93365

122^82

151,820

159,998

24,780

33,138

37,968

11,610

4^84

Food and kindred products .
Beverages
Other
Meat products
Dairy products .....
Preserved fruits and vegetables ,
Grain mill products
Bakery products
Other food and kindred products ,

15406
9,087
6,419
75
629
106
294
632
4,682

16,458
7,961
8,496
86
879

22,875
6,984
15,891
92
1,109
321
7497
869
5.903

2,944
2.444
500
-8
-144
-27
192
97
391

1,618
-378
1,996
16
351

7,604
254
7350
-71
356

55
285

52
507

-991
506
-1.497
-33
-74
38
-1,919
125
366

719
403
316
-23
25

"703
5,307

24,054
6,629
17,425
124
1,183
283
9,516
755
5464

Chemicals and allied products
Industrial chemicals and synthetics .
Drugs
Soap, cleaners, and toilet goods .
Other
Agricultural chemicals .
Chemical products, nee .

26,291
14468
5,638
4,199
1,887
1,221
665

30.926
17,171
6402
5,062
2,191
1,457
734

36.997
21,632
7,516
5,235
2,614
1,926
688

41,678
21,291
9,996
7,171
3,221
1,867
1354

7,161
3,136
746
2453
727
500
227

5,707
3,445
999
849
413
240
174

11,972
4376
6,168
761
667
469
198

7,824
5,314
1,155
4,159
2410
571
263
891
785

10,873
6,348
1,496
4,853
4,524
1,464
585
962
1413

13483
6,928
2,220
4,708
6,655
3393
636
858
1,769

17496
7450
2412
5,037
10,046
4,489
673
641
4.243

1416
644
201
444
872
337
179
207
149

2312
1,206
422
784
1,106
389
346
129
243

Machinery
,.
Machinery, except electrical
Computer and office equipment
Other
.'.
Engines and turbines
Farm and garden machinery
Construction, mining, and materials handling machinery
Metalworking machinery
Special industry machinery
General industrial machinery
Refrigeration and service industry machinery .,
Industrial and commercial machinery, nee ....
Electric and electronic equipment
Household audio and video, and communications equipment .
Electronic components and accessories .
Other
Household appliances
Electrical machinery, nee .

15,727
5,099
1,436
3,663
102
31
968
234
595
1,057
295
380
10,628
5.249
1,260
4,119
1,977
2,142

22,452
9,273
2,160
7,113
67
278
3.076
174
1,295
1,092
899
231
13.179
5,039
1,808
6332

30,673
12,940
2.960
9,981
118
362
4,204
592
2,295
1,064
1,001
344
17,733
5,886
3386
8,461
1,909
6452

29,677
13,007
2,369
10,638
93
1313
4,446
644
1,701
1,100
1,004
336
16,670
6,217
3.029
7,424
2,214
5,211

4,140
1,481
774
707
21
29
302
54
79
139
63
21
2,659
1.963
119
577
219
358

6,026
4449
1.035
3414
25
226
1,400
29
751
76
980
26
1,476
861
-341
957

8

(°)

Other manufacturing
Textile products and apparel
Textile mill products
Apparel and other textile products
Lumber, wood, furniture, and fixtures
Lumber and wood products
Furniture and fixtures
Paper and allied products ................
Pulp, paper, and board mills
Other paper and allied products ..
Printing and publishing
Newspapers
:..
Other .....
„,
Miscellaneous publishing
Commercial printing services .
Rubber products *********
Miscellaneous plastics products .
Stone, clay, and glass products
Glass products
Stone, clay, concrete, gypsum, etc .
Transportation equipment
Motor vehicles and equipment....
Other transportation equipment, nee ..
Instruments and related products
Measuring, scientific, and optical instruments
Medical instruments and supplies
Photographic equipment and supplies
Other
~
Tobacco products
Leather and leather products ...
Miscellaneous manufacturing industries

28417
1.169
705
464
679
491
188
1,699
481
• 1,218
4,938
1,738
3,200
1,856
1344
1349
881
6,896
436
6,460
2,793
1419
1.275
4.186
2,272
1,858
56
3,928

41,874
2,075
1,508
567
592
266
326
1.942
407
1,535
9,567
2305
7,261
4,241
3,020
2,724
1.279
9445
1,293
8,252
2,792
2,012
780
4,165
3,116
927
122
7,193

46412
2^95
1.758
537
502
337
165
1.907
903
1,004
103H
2,489
7,822
5,799
2,023
2,805
1,335
10.122
2,345
7,777
3,604
2,645
959
5,389
4.070
1,104
215

48,171
2400
1,719
781
638
479
159
2,116
1,036
1,080
10,910
341
10469
8.736
1.833
2,458
1,409
9,663
1,423
8,240
3479
2,748
831
8,423
7,165
1020
38
6,476

9,019
178
58
120
17
2
15
896
281
615
1,074
312
762
627
135
691
335
1,706
-217
1.923
795
411
384
W96
1474
72S

17,475
534
400
134
-24
-163
138
214
17
197
5476
483
5,092
3477
1415
1,886
-41
3491
781
2,810
737
717
21
1,082
851
165
66
3,921

7365
289
265
24
28
145
-117
592
494
97
1,727
161
1465
2.47!

AH industries .

5,865
2,150
1,888
262

Si

Primary and fabricated metals .
Primary metal industries .
Ferrous
Non ferrous ,
Fabricated metal products .
Metal cans, forgings, and stampings .....
Cutlery, hardware, and screw products
Heating equipment, plumbing fixtures, and structural metal ,
Metal services, ordnance, and fabricated metal nee .....

......

Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies .
Metals and minerals, except petroleum ...
Electrical goods
Machinery, equipment, and supplies .
Other durable goods
_
Lumber and other construction materials .
Hardware, plumbing, and heating equipment and supplies
Durable goods, nee
Groceries and related products .....




8

(°)
(°)

8

1,225

8

„,

877

37,427
13,238
2374
3,620
4,119
3.001
2.288
287
417
1484
1.425

43,725
15,477
2,809
2449
6,619
4,409
3453
283
695
2475
1,835

ji

1

8

1349

1,689

46,297
16,266
2,880
3,402
6,449
5.005
4327
350
793
3,183
1,737

52,646
18,049
3,049
4,052
10482
4,187
4391
369
801
3,221
1474

8

443
113
143
-30

'1

8

349
150
254
-104
<D>

8

432
-240

(°)

8

-446
-177
-138
-39

(°)

-11
4

8 ?
-3 Si
11

12

7,421

6493

4,27C

1,232
331
901
39
-49
15
552
38
307

1.06S
48!
584

(D)
60
234

1,648
1331
317
-1
40
13
37
84
145

6.119
164
3351
1.976
628
-37
666

2.034
1.265
449
260
59
35
25

2.804
1423
839
302
140
86
54

2,758
1464
841
247
106
103
2

3,44(
1,21
1,8(X
28
14
2
1<
3

2,676
813
794
19
1,862
1,921
(*)
154
-213

4463
878
549
330
3.685
1,096
33
59
2,497

-100
231
120
112
-332
48
-4
-191
-185

906
542
188
354
364
248
C)
55
60

877
517
149
368
360
90
13
1
257

93
42
22
17
51
141

8351
2,847
1,030
1,817
74
84
973
289
74
145
103
74
5404
997
1,492
3,016

-324
637
-581
U18
-25
950
287
180
-327
158
4
-9
-962
178
98
-1,238
305
-1442

-94
24
-14
38
-8
-32
38

175
372
-2
374
3
-3
255
4
31
65
13
*
-198
-52
12
-157
117
-274

25
411
-106
617
-3
-6
389
-14
144
76
49
-19
-486
21
-219
-288
16
-304

-1,94
-39
-73
33

1,889
65
59
*
95
69
26
280
85
195
146
84
62
-60
122
-38
246
488

1,700
-36
—
"
-28
59
53
6
214
84
130
304
278
26
-140
166
-129
60
323
16
307
-28
-304
2
15
16

76
-9
-2

(°)

(°)

121
160
1,440
1,050
390
1,004
844
160
740
309
338
93
U65

ft

2,242
247
-39
286
70
76
_"
232
156
76
1353
-1473
2,926
3.002
-77
-211
103
205
-876
1,081
441
343
98
1.617
1493
116
-9
-1,814
/D

755

§

6S8

292

5,960
1,024
438
86
387
318
501
41
45
415
467

6,163
2302
154
-780
1.833
80
73
—
'
275
459
307

4493
681
-76
917
1,176
59
794
30
122
642
-93

7,263
1,906
205
60
4,354
-78
206
1!
18
-14

13
8
3
15
-118
156
-121
-153
133
-286
2,025
147
69
77
7
-12
19
192
45
147
147
175
-28
-10
-11
110
571
29
542
185
36
149
81
-18
104
—i

582

—i

492
-203
-123
-80
166
96
70
(*
64!

8

P

I
35

jt

4
25
-4
10
3
(c
-144
-76
-32
-46
-46

-n
3:
3^
3
<
-3i
I
1'
-4"
-5<
2
3
1,0
<

4

2

572
537
-9
4
-122
-18
1
2
—
8

(D1,030

-3
3"
38i
6!
1*

2,448
1,18
-128
168
299
8
19:
U160
9

95
25
-160
15
3
14
294
4
6
184
-94

-5
3
-2
-4
-2
1

-2

78

SURVEY OF CURRENT BUSINESS

August 1991

Table 17.—Foreign Direct Investment in the United States: Industry Detail for Selected Items—Continued
[Millions of dollars]

1987

1990

1987

1988

1989

1990

1987

1988

1989

1990

Apparel and accessory stores
Other
Eating and drinking places
Retail trade nee ..»..

250
674
16
12
-81
111

37
253
85
108
-14
74

164
338
124
116
-60
207

57
258
85
97
-71
147

25
-3
61
24
-172
84

9,865
2,340
2,408
961
4155
168
3,986

9,013
956
2424
1,468
4065
219
3,846

9350
-234
3,170
1416
4,898
396
4402

1,679
132
461
27
1,060
25
1,035

1327
652
-420
-103
1,198
66
1,132

-629
-1,208
38
38
503
80
423

515
-1,191
793
40
873
202
671

146
-160
207
-68
167
6
162

192
-44
224
-46
58
9
49

-1,468

(°)
(D
.131)
-4
134

-703
-828
231
-89
-16
11
-27

16,906

18,638

19,089

1,752

2,744

2,410

604

327

1,489

546

-1436

8,113
730
4,795
4
2485

16,837
1,224
6,266
11
9336

13,075
1,170
6,115
91
5,700

1484
39
1,936

9482
494
1,748
8
7,333

-3396
-15
-151
79
-3310

-252
34
13

-392

798
78
1,094
2
-376

-300

-176
68
197
2
-443

168
65
180
2
-79

-1,496
-58
17
1
-1,456

22,740
8452
874
13,314

26,273
10,097
1,257
14,918

1465

1499

9.774

18,991
7,263
771
10,958

8

1,053

8

1350

4,133
1462
80
2,491

4,430
1442
383
2404

725
-172
24
874

148
-901
42
1,008

2348
745
100
1403

1,093
578
92
423

22,025

.... .

Banking
Finance, except banking
Savings institutions and credit unions
Holding companies
Franchising, business — selling or licensing
Other finance, including security and commodity brokers

25,867

30,060

34,626

4,286

3/469

4417

4,764

-«9

129

149

-M23

13414
2.408
5,428
688

19,048
4.010
7,489
846
145
77
624
6,643

8,743
2481
4,271
569

-130

(°)
36

9,032
6,473
137
172
34
10
128
-35
158
40

-801
-168
-164

411
3.702

5,613
2,252
1,635
215
-79
83
210
1,420

354
567
1424
2,801
2,280
0
61
2,218
198
747

2,242
1,887
3,172
850
0
293
557
282
1,562

30436
12.026
8,636
1,242
97
217
929
7393
3,727
285
933
195
2,253
3,893
2,662
862
0
254
609
321
2,135

5,912
2,275
3,753
528

1450

22436
6,293
8,490
1.077
62
207
808
7,412
3472
245

2
2,034
-287
12
0
-40
52
39
624

-5
-&$
49
-112
-1
3
-25
-68
-424
(*)
0
-29
29
24
-1

-582
-33
-183
-18
-21
19
-16
-165
-55
-147
14
32
-9
-87
-272
-27
0
-52
25
15
7

-246
-5
-33
60
15
49
-4
-93
-218
-44
26
-38
180
-279
54
-25
0
-47
22
21
21

-12
272
(*)
2
348

-4
-3
-18
(*)
-1
23

(*)
-1
-7
(*)
-1
16

-6
-2
-28
<*)
-2
58

-528
-242
180
32
7
-2
28
148
126
-35
41
-45
61
-5
-565
25
0
-25
51
19
59
(*)
(*)
(*)
-18
(*)
-2
79

-8
-88
—82
-27
-54
-1
-7
-5
-2
15
-70
-70
(*)
85
36
-4
48
-7

-28
-171
—126
-72
-53
(*)
-45
-44

243
-127
—137
-67
-71
1
10
13
-3
310
93
98
-1
213
92

856
5,618
1,628
497
611
2,882

3,638
17,712

Insurance
Life insurance
Accident and health insurance
Other insurance

„
.„„

Hotels and other lodging places
Business services
Computer and data processing services
„..
...
Computer processing and data preparation services
Information retrieval services
.„.
..«..«.
Computer related services, nee ...........
Other business services
................
Advertising
„
"
."
"
....
Services to buildings
Equipment rental and leasing, except autos and computers
Personnel supply services
..-.
.................................
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
„
Accounting, research, management, and related services .»
Accounting, auditing, and bookkeeping services
Research, development, and testing services „
Management and public relations services
Health services ...........
„

-..„.
... .

Automotive rental and leasing, without drivers ............................................
Automotive parking, repair, and other services
Miscellaneous repair services
Amusement and recreation services
Educational services
„
Other services provided on a commercial basis

~

.._.
.»

Other industries .
Agriculture forestry and
fishing
.....
..«.
.....
Agriculture
Agricultural production—crops
Agricultural production—livestock and animal specialty ....................
Agricultural services
„
Forestry and fishing ..........
Forestry
....
_
-«
Fishing, hunting, and trapping
Mining
T..J.
Coal
„ „ ..
Coal mining
Coal mining services ..»..................«....-^................
Other
—.........„„.........
,
Metal mining „
Iron ores ,.™
„
Copper, lead, zinc, gold, and silver ores
Other metallic ores
—.„..............
..................
Metal mining services
Nonmetallic minerals, except fuels
Nonmetallic minerals mining, except fuels ........................................
Nonmetallic minerals services, except fuels
„
Construction „ ..»
...„„„„..„....,
......................................................
Transportation ..................................................... .„„........„...........,„....„_„.....„
Railroads
I
Water transportation
Transportation by air
...... . ................... ...„„..„„„.
Pipelines, except petroleum and natural gas ...........................................
Passenger transportation arrangement .....*.............,................
Transportation and related services, nee ........................................
Communication and public utilities ....................................................................
Communication .............................
Telephone and telegraph communications .*.«....................*..............*.....*...
Other communications services

Suppressed to avoid disclosure of data of individual companies.




-344
946
373
72
-126
627

8

„

-

212
602
394
137
4
67

7,972
1.089
2437
1,181
3 164
116
3,048

„

-

91
2,649
82
46
211
2,310

782
6480
1,252
376
452
4400

.

„

517
5,713
1,769
603
510
2,832

729
6,033
1,779
60S
425
3,220

7389
619
3,131

....

Retail trade
„
General merchandise stores

D

1989

14354

Farm product raw materials
Other nondurable goods
Paper and paper products
Drugs, proprietaries, and sundries
Apparel, piece goods, and notions
Nondurable goods, nee

Real estate

1988

Income

Capital inflows (-))

Direct investment position on a historical-cost basis

(

?

636
4,740
1,067
1,620

8

274
908
3,066
900
0
135
765
189
615

8
251
32
2
229
11323
1,250
1,123
704
401
19
126
82
44
5491
3323
3321
2
2^69
1463
(

1,3 24
163
705
705
(*)
1345
1,790
555
65
76
0
90
1,005
1346
159
8
151
1.187

44
373
(*)
4
240
13,651
1.116
1,104
618
426
60
12
-5
16
7,440
5.275
5,273
2
2,166
1,247
116
1,083
50
-1
918
918
(*)
1419
1,994
671
24
69
0
57
1.173
1482
52
154
-103
1430

8

8

/D\
/D\

(°)
(D)
510
3,225
478
1,051
D
(D )
( )
62
-527
-186
547
0
23
523
25
25
-19
(*)

3,254
1,393

20,139
1,134
1,079
565
452
62
55
49
7
10310
5,605
5,605
-1
4,706
2,234

2,124
161
77
21
54
2
84
49
35
1,075
174
177
-2
901
704

1,225
42

2,044
32

1,860
1,860
0
2,386
2.182
722
64
92
0
169
1,136
3,997
1,780

2,472
2,472
0
2,088
2478
956
80
31
0
219
1,292
4,029
1,884

8

2,145

18,619
1,233
1,180
'644
473
64
53
38
15
8,821
5,567
5467

2,217

8

8

161
455
-188
1*1
-57
1.436
9
238

8

21
1,055
1
24
928

799
33
1
22
615

8

8

364
187
268
270
0
232
38
171
831

§

175
11
(*)
I
56

429

3463
-103
-41
-67
26
(*)
-63
-61
2.341
1,884
1,885
(*)
457
251

3,006
-3
-18
-33
12
3
15
13
2
690
354
355
-1
336
181

690
7

-5

-8

197
197
(*)
364
160
8
-33
13
0
4
168
364
20
4
16
344

206
206
(*)
105
560
351
-40
-8
0
-38
294
660
-117
20
-138
778

155
155
0
507
460
335
103
56
0
70
-108
1352
531

30

13

378

(°)
177

<)
°

821

8

1,618
-93
-92
-71
-19
-1
-1
11
-12
1431
37
39
-1
1,494
88DI

860
—10
(D)
613
613
0
-245

396
234
16
-60
0
50
156
29

§

-75

(^0
(D)

8
49

225
148
148
(*)
78
44
-6
-1
33
34

(*)
-94
42
4
-28

JZ

0
-2
73
117
-32

0
9
42
164
28
-2
30
136

•S
149

1
9
-53

98
-8
-1
121
121
0
-85
-6
1
-18
—14
0
-3
28
151
-92
-37
-56
243

-530
-195
—188
-98
-89
-1
-7

8

-22
18
19
-40
-111
-7
-93
-10

71
71
0
-262
-133
(*)
-45
—52
0
-30
-7
83
-51
-45
-7
134

August 1991

79

SURVEY OF CURRENT BUSINESS

Table 18.—Foreign Direct Investment Position in the United States on a Historical-Cost Basis and Direct Investment Income, by Country
of Each Member of the Foreign Parent Group and by Country of Ultimate Beneficial Owner 1
[Millions of dollars]

By country of ultimate beneficial
owner

By country of each member of the
foreign parent group

Position

Position

Income

By country of each mcnuMr of (be
foreign parent group

By country of ultimate beneficial
owner

Position

373,763

11412

373,763

11,512

443,735

1,782

403,735

Canada

28,686

-107

39,454

1,224

27,733

-45

39,409

1,457

Europe

242,961
559
3,972
632

10,630

225,943
633
4,215
744
1,238
19313

9315
-83
381
-2
34
-352

25M96
761
4,230
772
1.763

-140
-16
-21
129
-731

240,619
478
4,220
892
1.777
23436

3,020
-187
-376
2
108
-826

842
144
—48
-28
-43
2,087

27,770
905
1452
184
1,831

-2*3
-64
-264
-59
-52
-204

32,070
1.237
4334
340
1,004
44,667

114
-52
-289
-122
-128
804

683
796
5.450

723
792
6,494
18,853
98.941
261

24
3
-45
-495
4410
-24

All countries

.

1.284

Denmark
Finland
France
2

-76
360
-14
57

16.822

Austria
Belgium

-446

29,015

626
139
-152

19450

Latin America and Other Western Hemisphere
South and Central America ,
Brazil .
Mexico

Panama
Venezuela .
Other .
Other Western Hemisphere .
Bahamas
Bermuda
Netherlands Antilles
United Kingdom Islands, Caribbean
Other ....
Africa ....

South Africa
Other
Middle East .

Israel
Kuwait
Lebanon .
Saudi Arabia
United Arab Emirates .
Other
Asia and Pacific ..

Australia
Hong Kong ....
Japan
«
Korea, Republic of .
Malaysia
New Zealand ~.
Philippines
Singapore .
Taiwan .....
Other .

56316

-48
2,310

32.237
U62
4,143
487
461
40,457

515
646
5303
18,772
105411
332

Germany
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands

-8
29
266
1374
6,220
4

521
667
6,125
19,483
93,679
279

-1
28
274
1,249
4,852
-16

17412
108,055
349

24
22
-81
-453
5.612
4

1,218

1,374
177
512

-12

17,435

51

9,613

-30

19^61

-711

10375

305

6,624
428

199
59
-125
193
64

44
68
-144
-9
114
15

7.076
414
554
3,256

8

5.980
1472
1454
192
1,948
715

42*
32
35
206
114
41

6365
1,636
822
251
2,906
750

298
82
14
52
136
14

3,633
180
2,013
898
531
10

-73
-43
65
-58
-35
-2

12484

-1,147
104

851
9,265
-122
855

-148
20
-52
-28
-163
76

7
-3
149
-44
-93
-3

591
86
505

-3
-14

1,641
1,041
600

216
35
146
-4
56
-22
5
738
-175
-74
1,143
-84

1,251
3,039
1,431
474

6,425
600

4,113
-9
1,496
112
113
77,664
7,224

1,193
67319
-188
29

-37
2
23
12

201

82
934
534
335

216,132
7,228

9,022
251

• Less than $500,000 (±).
D

Suppressed to avoid disclosure of data of individual companies.
1. The ultimate beneficial owner is that person, proceeding up a U.S. affiliate's ownership chain, beginning
with and including the foreign parent, that is not owned more than 50 percent by another person. The country
of ultimate beneficial owner is often the same as that of the foreign parent, but it may be a different foreign




2,361

491

905

-1,190
29

4,009
199
2,243
841
676
51

111
79
32

601
129
472

-35

1482
861
720

63
57
6

10.6S*
680
5,202
206
2,908
1,455
235

163
38
131
-66
50
(*
H

4,114
594
1480
-It

10326
562
4,731
209
3,434
U51
139

-1,241
-8
-513
-56
-437
-199
-27

84,212
11,018
2.672
68383
-308
228
564
114
533
407
602

368
-454
-76
1.184
-93
*
-56
-22
-20
-81
-15

95431
8394

-f42

1,240

-77
-364
-116

98^96
9.854
2436
84,842
-950
255
421
102
438
857
639

-2,087
-1,028
-486
-272
-120
21
-29
-17
-10
-47
-100

2,214

«»»

United States
Addenda:
European Communities (12) .
OPEC 3 .....

64,333

1,782

362

2,429

266

197.284
11,800

7.862
313

211,767
12,616

3.728
-1,075

2,235
11.150
-3,218

1.786

98
75

83,498
-850
3
254
77
1,129
928
431

229,913
5.897

-100

-13
-28

-363

12
-26

3,999
139

country or the United States.
2. For 1989, this line includes only the Federal Republic of Germany. For 1990, it also includes the former
German Democratic Republic (GDR). This change has no effect on the data because, in 1989, there were no
U»5. affiliates of the former GDR.
3. See footnote 1, table 10.1.

U.S. Direct Investment Abroad:
Detail for Historical-Cost Position and Balance of Payments Flows, 1990
TABLES 1-18 present BEA's country-by-industry estimates and
estimates by detailed account of U.S. direct investment abroad
(USDIA). The tables cover the USDIA position on a historical-cost
basis and the related capital and income flows. Tables 17 and
18 present estimates of the position, capital flows, and income
for all countries and for all industries in which investment was
made. Alternative measures of rates of return on USDIA have
been prepared; these, along with the measure that has appeared
in the past in table 8, are presented in the special note on page
44.
Summary estimates of the position (valued in current-period
prices as well as historical costs) and of flows and analysis of
these estimates were published in the June 1991 SURVEY OF CURRENT
BUSINESS articles "The International Investment Position of the
United States in 1990" and a U.S. International Transactions, First
Quarter 1991."
NOTE.—The quarterly survey from which the annual estimates of
USDIA were derived was conducted by Mark W. New under the supervision of Patricia C. Walker, Chief, U.S. Direct Investment Abroad Branch.
Steven C. Ladd, Marie K. Laddomada, Laura A. March, Richard J. McDermott, Leila C. Morrison, Gary M. Solamon, and Dwayne Torney assisted in
preparing the estimates. Smith W. Allnutt III, Chief, Data Retrieval and
Analysis Branch, designed the computer programs for data retrieval and
tabular presentation.

Table 1.—U.S. Direct Investment Position Abroad on a Historical-Cost Basis
Change

Direct investment position

Percent

Millions of dollars

Millions of dollars

1990

1989

1989

1990

335,893 370,091 421,494
54,049 59,736
57,807
138,725 149,237 168,220
139.361 166,805 193337

34,198
-3,758
10312
27,444

51,402
5,687
18,983
26,732

10.2
-63
7.6
19.7

13.9
103
12.7
16.0

274,564 312,186
36.723 41351
120,313 134,658
117.528 135,976

21,914
-3.988
6,995
18.907

37,622
4.828
14,345
18.449

8.7
-9.8
62
19.2

13.7
13.1
11.9
15.7

68,431
10,691
33,231
24308

2.892
-860
2,709
1,043

2,883
15
1,638
1,230

4.6
-73
9.4
4.7

4.4
.1
52
5.3

175,213 204,204
19,928 24,356
72,842 83.992
82.443 95.856

18,136
-1.950
2.440
17,646

28.991
4,428
11,150
13,412

113
-8.9
33
270

163
222
15.3
16.3

1988
All areas
Petroleum
Manufacturing
Other

252,649
40,711
113,318
98.621

Developed countries
Petroleum
Manufacturing
Other
Canada
Petroleum
Manufacturing ...
Other

1990

1989

62,656
11336
28.884
22,236

65.548
10,676
31,593
23*278

Europe
..»
Petroleum
Manufacturing
Other

157,077
21,878
70,402
64,797

Other
Petroleum
Manufacturing
Other

32,916
7,296
14,032
11.588

33,803
6,118
15,878
11,806

39351
6303
17,435
15,613

886
-1,178
1,846
218

5,748
385
1357
3,807

2.7
-16.1
13.2
1.9

17.0
6.3
9.8
32.2

Developing countries
Petroleum
Manufacturing
Other

80,060
14,456
25.407
40.196

92,098
14,805
28.924
48 369

105,721
15.658
33362
56301

12,038
349
3317
8 173

13,623
853
4,638
8132

15.0
2.4
13.8
20.3

14.8
5.8
16.0
16 8

53,506
4,630
18,650
30,227

62,727
4,718
21,183
36,826

72,467
5.275
23,802
43390

9,221
88
2334
6399

9,740
557
2.619
6364

17.2
1.9
13.6
21.8

153
11.8
12.4
17.8

26,553
9.826
6,757
9,970

29,371
10,088
7,740
11343

33054
10384
9,760
13.111

2,818
261
983
1,573

3.883
296
2,020
1368

10.6
2.7
14.6
15.8

13.2
2.9
26.1
13.6

3,184

3,430

3386

245

157

7.7

4.6

Latin America and Other
Western Hemisphere
Petroleum
Manufacturing
....
Other
Other

„

• ctrolcum

„..

„

••*••»****»»•••*•***•••••.*••*.*

Manufacturing
Other

„„

i n t e r n s i i O n f l l *>*•••**« *##*«*****4 #*••«•*•****

Table 2.—U.S. Direct Investment Position Abroad on a Historical-Cost Basis by Account
[Millions of dollars]
1989

1990
Intercompany debt

Intercompany debt
Equity1

U.S.
parents'
receivables

Net

U.S.
parents'
payables

Total

Equity1

U.S.

Net

(

receivables

US.
parents'
payables

370,091
54.049
149,237
166,805

346,226
46,324
139.138
160,765

23365
7,726
10,099
6,040

79,718
16,304
23.123
40,291

55353
8378
13,023
34,251

421,494
59.736
168,220
193,537

391,627
51.493
157,050
183.084

29367
8,244
11,170
10,453

90330
18,210
26.032
46088

60,664
9.967
14.862
35.835

274^64
36,723
120,313
117328

236,415
28,967
111,473
95,974

38,149
7,756
8,840
21354

60382
9,644
18,945
3233

22,733
1,889
10,105
10,739

312,186
41351
134.658
135,976

271,614
32.711
125,854
113.049

40372
8,841
8,804
22,927

68,623
11050
20.983
36395

28,056
2,409
12.179
13.468

65348
10,676
31.593
23.278

58,870
9350
29.808
19,711

6.678
1,326
1,785
3367

10,900
1325
4,839
4337

4,222
199
3,054
970

68.431
10,691
33.231
24308

59,680
9293
30,009
20,378

8,751
1,398
3023
4,130

13,322
1.842
6,335
5,145

4371
444
3,112
1.015

175,213
19,928
72,842
82.443

148,659
14351
67,007
67,102

26.554
5,377
5,835
15342

43,140
6,928
12.295
23,918

16387
1350
6,460
8377

204,204
24,356
83,992
95,856

180,023
17,835
80.086
82,102

24,181
6321
3,906
13,754

45O70
8.179
12356
24,736

21,089
1,657
8,449
10,982

33,803
6,118
15,878
11.806

28,886
5.066
14.658
9.161

4.917
1,052
1,220
2.645

6,842
1,192
1,812
3,838

1.925
140
592
1.193

39351
6303
17,435
15,613

31.912
5382
15,760
10369

7,639
921
1,675
5,043

10,036
1029
2092
6314

2396
303
618
1,471

92,098
14.805
28.924
48,369

106,415
14,787
27,664
63,964

-14^17
18
1,259
-15395

17,922
6,124
4,178
7,621

32439
6,106
2.918
23.215

105,721
15,658
33362
56301

11M50
16,177
31.196
69,077

-10,729
-519
2366
-12376

21003

6343
5.049
9,610

31332
7,062
2.683
22,187

Latin America and Other Western Hemisphere..,
Petroleum
Manufacturing .
Other.,

62,727
4,718
21.183
36,826

76,928
4.457
19,105
53365

-14,201
-16339

9,310
1,096
2,935
5,279

23311
836
857
21,819

72,467
5.275
23,802
43390

82374
4,950
21.108
56,316

-$,908
324
2,694
-12^26

12,085
1.362
3354
7,169

21.992
1,038
860
20,094

Other
Petroleum .........
Manufacturing
Other

29.371
10,088
7.740
11,543

29,487
10330
8359
10398

-116
-243
-818
945

8,612
5,028
1,243
2341

8.728
5,270
2,061
U96

33.254
10,384
9.760
13,111

34,076
11,227
10.088
12,761

-821
-843
-328
349

9,118
5,181
1.495
2,442

9.940
6,024
1,823
2,092

3,430

3,397

33

914

880

3386

3363

24

699

616

A l l areas ...

Petroleum
Manufacturing
Other
Developed countries
Petroleum
Manufacturing
Other .....

Developing countries ..
Petroleum
Manufacturing
. ....
Other
"!.L..

International
1. Includes capital stock, additional paid-in capital, and retained earnings.




261
2,078

82

SURVEY OF CURRENT BUSINESS

August 1991

Table 3.—Change in the US* Direct Investment Position Abroad by Account
[Millions of dollar]

Valuation adjustments

Capital outflows
Intercompany debt
Total

Equity capital

Total

Increases

Net

Reinvested
earnings

Increases in

u.s. (

Net

Decreases

receivables

Increases in
U.S.
parents'
payables'

Translation
adjust-2
ments

Total

Other

1989
16351
1,782
6 822
8047

21323
7244
8,173
5,907

22370
21
13,708
8,641

15,491
651
453
14,388

14,942
1,048
3,244
10,650

-549
397
2,791
-3,738

810
1,033
-2,298
2,075

-1,040
-279
-370
-390

1350
1,312
-1,927
2,465

13,697
1,382
6,005
6,310

18,955
6,684
7,662
4,608

16394
23
9,978
6394

10,155
192
741
9022

14395
417
3,369
10,610

4040
225
2,628
1,388

423
1,099
-2,065
1389

-887
-294
-176
-417

1310
1,393
-1,889
1,806

4386
1,039

5380

3087
20
2,123
1,144

-283
(D)

- $
-165
(D)

-105
-12
-288
194

1,083
1,948
-1,498
633

732
(D)
320

351

(°)

-J3

7018
330
1,420
5468

10,640
3051
4,937
2 652

10.857
102
6,173
4 583

10,398
369
941
9089

14,082
582
3,552
9948

3,684
213
2,611
860

302
300
-1,157
1160

-3
59
210
-272

306
241
-1367
1432

2,094
13

2.735

40

8

2.450
-99
1.681
867

-323

702
(D)
-18

(°)

662
23
305
334

-963
-1,149
589
-404

-1,616
(D)
-706

(°)

1096

3,049
302
817
1,930

<°>
2,276
470
510
1096

5,746
29
3.730
1,987

5,079
449
-288
4,919

263
536
-125
-149

-4316
88
163
-5,068

440
40
-232
633

-155
13
-194
27

595
27
-38
606

979
-47
387
640

2073
77
632
1363

1094
124
246
924

3037
-158
2.438
957

5,023
116
-96
5,003

-128
197
-142
-182

-5,151
81
-46
-5,185

-18
178
-195
-1

-238
-238
2

220
180
43
-3

2,359
399
1.020
939

-207
-121
-80
-6

776
225
185
366

982
345
265
373

2309
187
1092
1,030

57
.333
-192
-84

391
340
17
34

334
7
210
118

459
-138
-37
634

84
15
44
25

375
-153
-81
609

245

Developed countries
Petroleum
Manufacturing
Other

298

13

105

92

29

257

283

27

-53

2

-55

51,402
5,687
18,983
26,732

33,437
4,483
10,164
18,790

6,179
198
323
5.658

17,023
1,867
3318
11.638

10344
1,669
3,195
5,980

22,250
4,055
8,903
9092

5,008
230
938
3,840

9,959
1,618
2,777
5,564

4,951
1.388
1.839
1,724

17,965
1,204
8,820
7,942

13351
972
6,886
5,493

4,614
232
1.934
2,448

37,622
4,828
14345
18,449

21,195
3,793
5.862
11.540

6387
535
30
5.822

14025
1,483
2,929
9,813

7338
947
2.899
3.992

13378
2,460
6,001
4,917

1,429
797
-169
801

6,892
1,317
1,905
3,670

5,463
520
2,074
2,869

16,428
1,036
8,483
6.909

13,415
861
6,988
5367

3,013
175
1.495
1.342

2,883
15
1,638
1,230

2,280
52
1,318
909

389
88
-123
423

1,042

<°>
(°)

653

-182
-108

240

362

-77

2,073
72
1,438
563

2,422
317
1.497
608

349
245
59
45

603
-37
320
320

97
-37
136

506
(*)
185
322

28.991
4,428
11,150
13,412

Canada
Petroleum
Manufacturing
Other

14,503
3.495
3,575
7,433

5,891
447
208
5036

11,910
1,346
2,120
8444

6.019
899
1,912
3O08

12,110
2,192
5,428
4,489

-3,497
856
-2,061
-2092

1,145
963
-72
254

4,643
107
1,990
2546

14,488
933
7376
5979

12369
755
6,610
5004

1,919
179
966
775

5,748
385
1,557
3,807

4,411
245
969
3.197

107
(*)
-55
162

1073

1.166

1,451
376
570
505

2,854
-131
455
2330

3,325
37
480
2.808

472
168
25
278

1337
140
587
610

749
143
242
364

587
-4
345
246

13,623
853
4,638
8,132

12,175
775
4,302
7,098

-50

2,743
469
296
1,979

8,637
1,470
2,902
4065

3388
1,107

3081
<»)
872

-307
956
-235
-1,028

1,448
78
337
1.034

-71
105
-102
-74

1319
-27
438
1,108

9,740
557
2,619
6,564

9^74
481
2437
6056

-176

1,683
26
406
1O50

1.860

5,157
410
1.628
3,119

-1.519
(D)

{°)

2.775
265
620
1,889

466
76
82
308

-37
47
-62
-22

502
29
143
330

2,901
294
1,765
842

126

1,010
284
182
544

884

„.

3.883
296
2,020
1,568

-239

983
2
255
726

-34
58
-40
-52

1,017
-56
295
778

...

157

67

-158

105

262

-205

90

7

82

.................

Europe
Manufacturing
Other

„

Other
„
Petroleum
A^anux&ctunng ............ .......
Other
Developing countries ....
Petroleum
Manufacturing „.,........,„..
Other

...............
................
... .
Z....!"...

„

2,892
-860
2,709
1,043

1,809
-2,808
4,207
410

-1,194

17,834
- 2 250
3,597
16 487

-3,422
- 2 721
-3,517
2,815

886
-1,178
1,846
218

1,849
-29
1057
622

-641

-102

<°>

©
(">

12,038
349
3,517
8,173

11,598
309
3J49
7,539

772
-168
307
633

9,239
-90
2,729
6,600

2,818
261
983
1,573

..............
......
Z

21,492
-5,087
9.061
17,518

9,221
88
2,534
6,599

. ....,

3338
-4,791
12.810
25,369

21,914
-3,988
6,995
18,907

...................

34,198
-3,758
10*512
27,444

18,136
-1950
2,440
17 646

All areas
Petroleum
Manufacturing
Other

-4,472
- 5 462
-1.351
2,341
-5057
-5302
-1,658
1,702

•*

(°)

8

(°)

O

653
•(°)

(°)

Latin America and Other Western
H c r n i s p f i c r o

**••••*****••«*»»••••««••**»*• fc+»B*B*B**a**B*

Petroleum
Manufacturing
Other
Other
Petroleum
Manufacturing
Other

...

,„.
„

International

1990
All areas ...*..............,.........
* etroicum ............••••.............*....*....««

Manufacturing ...

Other

Developed countries
Petroleum
Manufacturing .
Other

* e&oleum

ZZZ"!
..

„

.*.••••......**..••..............................

Manufacturing
Other

.
.
..,."..""..".

Petroleum
Manufacturing
Other

„

Other
.„
Petroleum
Manufacturing
Other

„

Developing countries
...............
icnvivmn .................................................*•••

Manufacturing . ...........
Other

.

„

Latin America and Other Western
Hemisphere
Petroleum
Manufacturing
Other
Other ....... „„
Manufacturing
Other
International

......

„
..
„....—.,...

(°)

(°)

&

(°)
(°)

$

• Less than $500,000 (±).
° Suppressed to avoid disclosure of data of individual companies.
1. An increase in U.S. parents' payables is a decrease in intercompany debt and, thus, a capital inflow.




(°)

625

293

(°)

<°>
(°)

Si
(°)

•<2
(°)

(°)

(°)

(°)

3,480
1,060
1074
1.145

-705
491
(D)

506
154
252
100

234

-10

-214

(°)

2. Represents gains or losses that arise because of changes from the end of one accounting period to the
next in exchange rates applied in translating affiliates' assets and liabilities from foreign currencies into dollars.

83

SURVEY OF CURRENT BUSINESS

August 1991

Table 4.—U.S. Direct Investment Abroad: Earnings and Reinvestment Ratios
[Millions of dollars or ratio]

Total

Reinvested

Distributed

1989-90 change in earnings

1990

1989
Earnings

Earnings

Reinvestment
ratio1

Total

Distributed

Reinvestment
ratio1

Reinvested

Distributed

Total

22,250
4,055
8,903
9,292

.41
.39
39
.44

-1,468
2,989
-3.009
-1.448

36,142
5.615
18,300
12,227

22,764
3,155
12,299
7310

13378
2,460
6,001
4,917

37
.44
33
.40

-2^81
1,459
-2,145
-1,594

.52
.06
.51
.62

3,892
561
2,547
784

4,074
669
2444
861

-182
-108
3
-77

10,857
102
6,173
4,583

.40
.03
.46
.44

28,017
4,158
13,636
10,223

15,907
1,965
8.208
5,734

12,110
2,192
5,428
4.489

2,733
694
1,263
776

2,450
-99
1,681
867

<V 47
.57
.53

4,234
896
2.117
1020

2,783
520
1.548
715

17,089
3.043
5,562
8.484

11^43
3,014
1,831
6,497

5,746
29
3,730
1,987

34
.01
.67
.23

17,746
4,451
4,698
8.597

10,607
486
3,875
6,245

7370
644
1,437
5,288

3,237
-158
2,438
957

.31
.63
.15

6.482
2.557
1,687
2,239

Manufacturing . ............
Other
"
Europe
».
Petroleum ....«.......*.......«.•.................................*.*.*..«.**...
Manufacturing
.. . .......................
Other
„
.,
—

Developing countries
Manufacturing
Other

„

«..

Latin America and Other Western Hemisphere
Petroleum ......
Manufacturing
Other
Other
Petroleum
Manufacturing
Other

.....

..—.....

......

„

3,973
2.370
394
1,209

2,509
187
1,292
1,030

230

29

16,594
23
9.978
6,594

.38
.43
.01
.49
.48

3,046
318
2,034
694

3,287
20
2,123
1.144

16,049
3,122
7,171
5,757

5,183
595
2,944
1,644

P e t i o l e u r n .........................................••.*•.....•.>.•..............

21328
4,133
10,468
7,227

26,907
3.223
13,344
10.339

........................................

22370
21
13.708
8,641

6.333
338
4.157
1,838

..

33,401
7,294
12,299
13,808

38y423
4,156
20,445
13,821

Canada

Other
Petroleum
Manufacturing
Other

32,053
6049
14,095
11,709

259

Developed countries
Petroleum
.
Manufacturing
Other

54303
10,304
22,998
21,000

55,771
7.315
26,007
22,448

All areas
Petroleum
Manufacturing
Other

.40

"a

1

Reinvested

-1348
-1,046
1,796
-2,099

-120
4,034
-4,805
651

935
-979

-3,216
2,438
-3.977
-1,677

1J

8

-2.441
223
-1,610
-1,054

1,028
352
510
167

-3.469
-128
-2,120
-1^21

.43
.53
.40
.44

1.110
934
292
-116

-142
-1,156
1,037
-23

1052
2,091
-745
-93

1,451
376
570
505

.34
.42
.27
.41

-950
301
-827
-424

49
-174
285
-61

-999
475
-1,111
-363

9,109
2.981
1,796
4332

8,637
1,470
2,902
4,265

.49
33
.62
.50

657
1,408
-864
113

-2^34
-33
-35
-2,165

2,891
1,441
-828
2,278

9.896
1,042
3,004
5,849

4.738
633
1376
2,730

5,157
410
1,628
3,119

SI
39
.54
33

-711
556
-871
-396

-2,631
-12
-61
-2.558

1,920
568
-810
2,162

.39
.07
.77
.46

7,851
3,409
1.694
2,748

4,371
2,348
420
1,602

3.480
1.060
1.274
1.145

.44
.31
.75
.42

1369
852
8
509

398
-21
26
393

971
874
-18
116

.11

414

179

234

.57

155

-50

205

(3)

* Less than .005.
1, Reinvested earnings divided by earnings.
2. Reinvestment ratio is not defined because reinvested earnings are negative.

Table 5.—Selected Transactions With, and Position on a HistoricalCost Basis in, Netherlands Antillean Finance Affiliates

Table 6.—U.S. Direct Investment Abroad: Income
Income

[Millions of dollars]
Line

Change

Millions of dollars
1983

1986

1985

1984

1987

1988

1989

Millions of dollars

1990

Percent

1988
1 Direct investment
position
„...
Equity *
2
Intercompany debt,
3
net ........................
U.S. parents'
4
receivables —
U.S. parents'
5
payables
Capital outflows
„„
Equity capital ..........
Reinvested earnings
Intercompany debt,
net
Increases in UJS.
10
parents*
receivables ......
Increases in U.S.
11
parents' 3
payables ........
6
7
8
9

12 Income (13 - 14 + 15)
Earnings
13
14
Withholding taxes'"
on distributed
earnings
15
Interest (net of
withholding
taxes)...................

-23300 -25,078 -20,784 -17030 -14.496 -10,335
14,996 16,911 16,684 16.425 15.342 12,121

-6,164
10,985

-1,689
10,744

1939

1990

50437
7.890
25,427
17,119

53,997
7,637
25,682
20,677

54,444
10,854
22,875
20,715

3460
-253
255
3358

448
3,217
-2,807
38

39389
5396
20,248
13345

38,901
4,414
20,366
14,121

37,880
6.056
18,338
13.486

-488
-1,182
117
576

-1,021
1,641
-2,028
-635

I™ZZ™

7,247
553
3,888
2,806

6^94
454
4,106
2,034

4,163
676
2,488
998

-653
-100
219
-772

-2,431
223
-1,619
-1,035

-21.1
.6
43
-9.0
-18.0
5.6
-27.5

Europe
......................
Petroleum
.........
Manufacturing ......
Other

26,982
3,749
14,015
9.217

27,216
3,386
13358
10,472

29348
4,489
13,797
11,262

234
-363
-657
1054

2,332
1,103
439
790

.9
-9.7
-4.7
13.6

8.6
32.6
3.3
73

5,161
1,293
2346
1,522

5,091
575
2,901
1,615

4,169
890
2,053
1026

-69
-719
556
94

-923
315
-849
-389

-13
-55.6
23.7
6.2

-18.1
54.9
-29.3
-24.1

10,950
2030
5,179
3342

14334
3,094
5,316
6,424

16,143
4356
4337
7,050

3,884
864
137
2,883

1309
1,462
-779
626

35.5
38.7
2.6
81.4

&8
473
-14.6
9.7

4,884
385
3,151
1,348

8,326
495
3.655
4,176

8^39
1,052
2,891
4^95

3,442
110
504
2.828

-87
558
-763
119

70.5
28.4
16.0
209.8

-1.0
11Z7
-20.9
2,8

6,066
1,844
2,028
2,194

6408
2^99
1,661
2,248

7,904
3303
1.646
2.755

442
754
-367
54

1.396
905
-15
507

73
40.9
-18.1
15

21.4
34.8
-.9
215

97

262

422

165

160

169.4

61.1

AH areas
* c t r o l t u n \ *******•++****#•****»***••**

Manufacturing
Other

-38096 ^1,989 -37,468 -33,655 -29,838 -22,456 -17,148 -12,433
398

539

1,172

512

579

677

1,467

3059

38,695

42327

38.640

34.168

30.417

23,133

18,615

15,692

-3,134
1,411
996

-1,968
982
904

4038
-864
894

4,897
745
-370

3,012
-1.422
635

3,595
-2368
46

4,661
-600
299

4,477
-353
115

-5^42

-3,855

4O08

4^23

3.799

6,117

4,963

4.715

-40

-164

695

120

66

98

802

1,792

5.378

3.814

-3313

-4,403

-3.732

-6,019

-4,161

-2,923

-3045
1360

-3.421
1.778

-3,140
1,635

-2,704
1027

-2,088
1046

-1,938
828

-1,444
778

-1,030
663

14

2

3

(*)

(*)

<*)

(*)

8

-4391

-5,196

-^.772

-3.931

-3,334

-2,766

-2023

-1.686

* Less than $500,000.
1. Includes capital stock, additional paid-in capital and retained earnings.
2. An increase in U.S. parents' payables is a decrease in intercompany debt and, thus, a capital inflow.
NOTE.—This table shows transactions with, and positions in, affiliates primarily established to bonow funds
abroad and relend them to their U.S. parents.




Developed countries
Petroleum
Manufacturing
Other ...........I

„

Canada
«Petroleum
Manufacturing
Other
!

Other
Manufacturing ....... „
Other „
!
Developing countries ..
Petroleum
„„„
Manufacturing
Other

„ „
„ „
„„

Latin America and Other Western
Hemisphere ....< ........................
Petroleum
M
NxfUiUidCtufins »*+*»+* **

Other..
Other
Petroleum
Manufacturing

Other

International

„

ZZZZ.
—....„-„....-.

1989

1990

1989
7.1
-3.2
1.0
20.8

-n

1990
42.1
-10.9
0
-2.6
370
-10.0
-4.5
-36.9
49.1
-39.4
-50.9

SURVEY OF CURRENT BUSINESS

84

August 1991

Table 7.—Source and Relationship of Income and Its Components
[Millions of dollars]
1990
amount

Line

2
3
4
5

Capital gains/losses
Earnings before capital gains/losses

.......

54,303 2 + 3 1
1,108 Reported
53.195 Extrapolated3
32,053 6 + 11
22,250 1 - 4

Distributed earnings
Reinvested earnings

1,515 Extrapolated2

6 Withholding taxes on distributed earnings
7

Source and relationship

1,657

Interest (net of withholding taxes)

54,444

8

Extrapolated2
1-6 + 7

53.336 8 - 2
52.787 1 - 6
2
30,538 Extrapolated

9 Income before capital gains/losses
10 Earnings (net of withholding taxes)
it Distributed earnings (net of withholding taxes)

1. Data are asreportedby the sample; no estimate for nonreporting affiliates is made.
2. Universe estimates are calculated by extrapolating forward data from the 1982 benchmark survey,!
on the movement ofreportedsample data in subsequent years.

Table 8.—U.S. Direct Investment Abroad: Income and Its Components
[Million of dollars]
1990

1989
Earnings

Total
(=col. 2
less col.
5 plus
col. 6)

Withholding taxes
on distributed
earnings

Interest (net of withholding
taxes)
U.S.

U.S.

f

receipts payments

Earnings

Total
<=col. 10
less col.
13 plus
col.14)

Withholding taxes
on distributed
earnings

Before
capital
gains/
losses

Interest (net of withholding
taxes)
U.S. (
U.S.
parents'
receipts payments

Net

(9)

(10)

(H)

(12)

53,997
7,637
25.682
20.677

55,771
7,315
26,007
22,448

54,185
6357
26,899
20,730

1385
759
-892
1,719

1341
122
834
385

-133
445
509
-1386

2,989
590
679
1.719

3.422
145
170
3,106

54,444
10,854
22.875
20.715

54303
10.304
22,998
21,000

53,195
9,990
23,136
20,068

1,108
314
-138
932

1315
152
913
450

1,657
702
789
165

4,433
754
933
2.746

144
2381

38,901
4,414
20,366
14,121

38,423
4.156
20.445
13.821

36,787
3.932
20,250
12,605

1,635
225
195
1.216

977
103
556
318

1,455
361
477
618

2375
432
603
1,339

919
71
127
721

37^80
6,056
18,338
13,486

36,142
5.615
18,300
12,227

35,027
5,511
17,856
11,660

1,115
104
444
567

1,216
126
707
383

2,953
566
745
1,642

3,763
578
867
2318

810
12
122
675

6,594
454
4,106
2,034

6,333
338
4,157
1.838

5,999
314
3,949
1.736

334
24
209
102

235
27
164
44

496
143
113
240

553
144
153
257

57
1
40
17

4,163
676
2,488
998

3,892
561
2347
784

4,414
574
2,638
1,201

-522
-13
-91
-417

318
47
197
73

589
162
139
288

628
168
156
304

39
5
17
17

Europe ......
Petroleum .
Manufacturing ....
Other ..

27,216
3386
13,358
10.472

26.907
3.223
13,344
10,339

25.929
3,035
13383
93U

978
188
-39
829

548
53
300
195

858
216
314
327

1,671
287
397
987

813
70
83
660

29348
4.489
13.797
11.262

28,017
4,158
13,636
10,223

26,697
4,188
13,099
9,410

1320
-30
537
813

717
60
395
262

2,248
392
557
1,300

2,961
398
657
1,906

713

Other
Petroleum
Manufacturing ....,<
Other
.....

5.091
575
2,901
1,615

5,183
595

4.860
582
2,919
1359

323
13
25
285

194
23
92
79

102

2,944
1.644

49
50

150
2
54
95

49
(*)
4
44

4,169
890
2,053
1,226

4,234
896
2.117
1,220

3,916
749
2,119

317
148
-2
171

181
19
114
49

116
12
49
55

174
12
54
107

Developing countries .
Petroleum
......
Manufacturing
Other

14^34

17,089
3,043
5,562
8,484

17,164
2327
6,648
7,988

-75
516
-1,087
496

363

19
278
66

-1392
70
32
-1,994

595
143
76
375

2369

16,143
4356
4337
7,050

17,746
4,451
4.698
8397

17383
4.369
5.280
8,234

299
26
206
67

-1305
131
45
-1.480

651
161
66
423

1,955
30
21
1,903

11,217
307
4.965
5,945

-610
180
-1,090
300

307
14
247
46

-1,974
22
27
-2,023

413
26
64
322

2,387
4
37
2,346

8,239
1,052
2,891
4,295

9,896
1,042
3.004
5,849

10367
1,055
3363
5,749

-136
82
-582
363
-471
-13
-558
100

224
18
163
43

-.433

1,895
6

-13U

462
33
51
378

56

82
47
5
30

182
117
11
53

99
70
6
23

7,904
3303
1,646
2,755

7,851
3,409
1,694
2.748

7316
3,314
1.717
2,485

335
95
-23
263

75
9
43
24

128
103
-5
30

189
128
15
45

60
25
21
15

422

414

285

129

(*)

(1)
All areas .

Petroleum .
Manufacturing .
Other.,
Developed countries ..

Petroleum
Manufacturing .
Other
Canada
.......................
Petroleum
Manufacturing .
Other................

3,094
5,316
6,424

(2)

(3)

(4)

Latin America and Other Western Hemisphere .
Petroleum
»„
».....,
Manufacturing
„
Other

4,176

10,607
486
3,875
6,245

Other.
Petroleum .
Manufacturing ....
Other

6,508
2,599
1,661
2,248

6,482
2.557
1.687
2,239

5.947
2,221
1.683
2,043

535
336
4

262

259

234

25

International .
• Less than $500,000 (±).




8326
495
3.655

196

(6)

(5)

31
21

(7)

20

1,048

(13)

(14)

50

(15)

(16)

100
606
57
(*)
52

1.889

85

SURVEY OF CURRENT BUSINESS

August 1991

Table 9.—U.S. Direct Investment Abroad: Royalties and License Fees and Charges for Other Services
[Millions of dollars]
1990

1989

12,062
35
8,744
3,283

215
0
161
54

2^88
84
1,379
1,425

11,075
34
8.192
2,848

11,271
34
8,340
2,896

1,322
122
700
500

226
73
41
112

954
C)
771
183

2,878
253

4,764
264
2,274
2,226

1,886
11

-284
17

492
17
141
335

776

1,401

473

U.S. parents* payments

4333
312
1,947
2,075

8,496
734
3,671
4.090

4,163
422
1,725
2,016

196
0
148
49

3,473
369
1,351
1,752

6336
494
3,020
3,322

3364
125
1,669
1,570

968
(*)
783
185

14
0
12
2

1,179
34

1,529
156
754
619

350

8,008

8,171

163
0
128
35

2,518
317
972
1*229

4,777
320
2,109
2,348

2,259
3
1,137
1,119

2,112

2,132

531
18
157
356

755

1.535

20
0
8
11

-225
18

1.527
772
1
390
382

791
1
403
387

18
0
14
5

1,585
209
651
724

452

45

526
48
158
320

306

8,066
665
3,584
3,818

3,611
320
1,424
1,867

91
0
59
32

3,691
318
1,736
1,636

6,579
403
3,115
3,061

821
(*)
707
114

21
0
19
3

1,097
48
660
389

5,916
5
4,490
1,421

5,975
5
4,526
1,444

59

1,837

1,847

10

1.431
404

1,435
410

4
6

'8

569
1
284
284

604
1
308
295

36

928

o
25
11

424

248
1
140
108

o

9,247
7
6,976
2,264

126
0
83
43

8^52
6
6,609
1,937

8,642
6
6,668
1,968

800
(*)
688
112

...

Developed countries
Petroleum

.....

.........

Other
Canada
Petroleum
Manufacturing
Other

.

Europe
•.

Petroleum
.
Manufacturing .....
Other

11,846
35
8,582
3,229

U.S. parents' receipts

4,455
344
2,160
1,951

6.893
2,221

9,120

All areas
Petroleum

Manufacturing
Other

U.S. parents* payments

U.S. parents' payments

U.S. parents' payments

Net

Other

U.S. par*
ents' receipts

U.S. parents' receipts

U.S. parents' receipts

........

...........

Developing countries
Petroleum
Manufacturing
,
Other

.......

.,,.

...

.

.......

o

36
23

o

Net

%

101

Other
Petroleum
Manufacturing
Other

8

183

187
0

0

7

356

...

Net

8
595

(°)

o

8
56

301
32
133
136

603
60
170
374

303
28
37
238

315
1
191
124

325
1
197
127

10
0
6

220

797

170

457
(*)
199
258

466
(*)
206
260

9
0
7
2

913
126
476
3H

1,059
161
493
405

146
36
17
93

250

-1

0

1

-273

74

347

4

0

Internationa)

Net

628

Latin America and Other Western Hemisphere
Petroleum „
.
Manufacturing
Other

1

Charges for other services'

Royalties and license fees

Charges for other services'

Royalties and license fees

0

* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. Consists of service charges, rentals for the use of tangible property, and film and television tape rentals.

299
-164

86

39

In 1990, U.S. parents* receipts of service charges were $7,847 million, receipts of rentals for the use of tangible property were $208 million, and receipts of film and television tape rentals were $440 million; U.S. parents' payments were $3,908 million, $255 million, and less than $500 thousand, respectively.

Table 10.—U.S. Direct Investment Abroad: Position on a Historical-Cost Basis and Balance of Payments Flows, 1977-90
[Millions of dollars]
1977

1978

1979

1980

.1981

1982 >

1983

1984

1985

1986

1987

1988

1989

1990

145,990

162,727

187,858

215,375

228348

207,752

207,203

211,480

230,250

259,800

314307

335,893

370,091

421,494

n,n

•6.0*

19,222
C2)
O
(2)

9.624
t2)
C2)
C2)

967
9,708
4,695
-13,436

6,695
4,903
13,462
-11,669

11,587
1,347
17,214
-6,973

13,162
-2,210
14,102
1,269

18,679
551
10,021
8,106

31,045
4,635
19,714
6,696

17,879
-6,112
13,327
10,665

33.388
-4,472
22,370
15,491

33,437
6,179
22,250
5,008

?!

?!

25222
(*)
(2)
<*)

19,673

25,458

38.183

37,146

32,549

24,717

26,822

29,984

28,295

30,900

40,588

50,437

53,997

54,444

Royalties and license fees, net receipts

2,173

2,697

3,002

3,693

3,658

3,507

3,597

3,921

4,096

5,412

6,889

8333

9,120

11,846

Charges for other services, net receipts3

1,710

2,008

1,978

2,087

2,136

1,816

2,532

2,483

2,490

3,024

2,446

3,091

4,455

4333

Capital outflows (inflows(-))
Equity capital
Reinvested earnings
Intercompany debt

,

Income

1. There is a break in series between 1981 and 1982 because, beginning with 1982, the estimates of all
items have been revised to incorporate the results of the 1982 benchmark survey of U.S. direct investment
abroad. Estimates for 1977-81 are linked to the 1977 benchmark survey.




2. For years prior to 1982, capital outflows cannot be disaggregated by component because data for the
components were not reported separately for unincorporated foreign affiliates.
3. Consists of service charges, rentals for the use of tangible property, and film and television tape rentals.

SURVEY OF CURRENT BUSINESS

86

August 1991

Table 11.1, -U.S. Direct Investment Position Abroad on a Historical-Cost Basis, 1988
[Millions of dollars]
Manufacturing
Petroleum

Total

335393
252,649
62,656

57307
40,711
11336

113318
28.884

157,077
131.069
7301
1,161
13,041
21,832
195
5,886
9 496
841
16.145
546
4,966
49,459

21,878
15,702
514

All industries

All countries
Developed countries

...«

,

......

Canada

........

Europe .......
European Communities (12) .......M...................
Belgium
Denmark
France
Germany, Federal Republic of
Greece
Ireland
Italy
Luxembourg
Netherlands
» ......
Spain
..........
United Kingdom

................

Turkey
Other

:.l

«

Z."

„

Japan
„
Australia, New Zealand, and South Africa
New Zealand "!
South Africa
p ^ v r to p i n s c o u n t r i e s

!."!......!..!

„.!.!"...._

•#•***#•»•»••#••••*+****•*•*••••••••••••*#••••

Latin America and Other Western Hemisphere ..
South America
Argentina
«...
Brazil
Chile
Colombia
Ecuador
Venezuela
Other
_
Central America
Mexico .„
Panama .......HM..
Other

„„
„.

Other Western Hemisphere
.............
Bahamas
Bermuda
Jamaica
Netherlands Antilles „„„!.!"!!"!!"!.'.!
Trinidad and Tobago
United Kingdom Islands, Caribbean
Other
!.
Other Africa
„
Saharan
,
Egypt......
.........
Libya ...'.
!."!.""........ _.
Other!,." ."." "ZL""™!!.!™""!"!!""""....„!!!!."!
Sub-Saharan
Liberia
Nigeria
Other
Middle East
i
Israel
Saudi Arabia
United Arab Emirates .....^...............................
Other
....
Other Asia and Pacific ............
„„..».
Hong Kong
».
.........
Indonesia ....Malaysia .S.Z.Z..
Philippines
Singapore
South Korea
Taiwan ........
Thailand
Other ..
International
Addendum OPEC l

„.„...„..„............„.
........

....
„
.............

18.009
14.90S
12,823
833
1,252
80,060

(D)
14,456

53,506

4.630

18,650

21.815
2397
12,609
672
2,248
431
976
1,903
379
13,380
5.712
6,874
794

2,111
426
278
71
388
175
348
295
130
1,560
62
1342
156
959
207
114

13,008
1,398
9302
9
593
154
66
1,197
88
5,394
4,759
248
387
248
33
0
71
24
10

18311
4,112
19,022
134
-9,983
447
3.919
661
4,219
2,032
1,637
315
80
2.187
134
660
1393
3,806
701
1,782
672
651
18328
5,240
436
2.921
1,135
1313
2,311
1301
1,621
1,132
719
3,184
8,827

• Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.




115
8,662
6,176
127
(D)
3,779
(D)
(D)
85
40
3,443

70,402
67,749
4,075
282
8,627
13,931
109
4,214
6,918
552
6.165
198
3,008
19,670
2,653
71
24
44
646
1,757
62
48
8,929
5,104
4,389
213
502
25,407

26,008
669
408
4371
1.119
18,734
246
462

Other Europe
Austria
Finland
Norway
Sweden
Switzerland ..............

955
2,430
45
-18
496
3
2,306

138,725

3,853
3,147

(°)
(°)

8
199
3,017
1,693
1,337
303
53
1324
53
534
736
2,105
58
533
549
965
4,705
205
9
2304
485
127
505
10

(°)

602

S>
385
76
51
0
26
308
0
56
253
435
228
165
22
20
5,937
596
391
91
543
688
1,293
694
1.246
326
70

Machinery, except
electrical

Electric
and
electronic
equipment

Food
and
kindred
products

Chemicals and
allied
products

Primary
and
fabricated
metals

13,281
10,625

31367
25,410

7,939
6,200

26,652

10,674

23336

1,893
7,960
7334
300
165
334
772

5,815
14.943
14,643
2,375

3,342

3,161
17,034
16,459
208
13
3,036
3,991
0
1,229
3,220

6,981
2,119
3,698
3.479
223
16
261
598
9
425
443

571
370
0
1.478
498
2,989
425
23
0
2
42

(°)

<J
334

437
430
-12
20
2*657

2.249
1330
66
669
1,769
2.096
3
628
3,243
(D)
4
-4
48
257
0
2,423
2,229
2,019
93
116
5,957

2.157
1367
281
727
37
173
33
12
240
64
545
278
78
189
44

4,237

0
15

0
44

(P)

(P)

8
1
5
124
27
(D)
0

(P)
96
0
0
96

(*)

o
0
0
(*)
376
13
1
9
5
238
21
58
23
9
0

2,638
354
1,690
138
185
16
19
217
18
1,501
1,264
148
89
97

-5
0
20
109
D
(D)
( )
0
(*)

Q

48
<">)

2337
2,281
109
(D)
147
447
139
124
30
412
82
758
56
3
(*)
13
37
(*)
187
334
222

8

1,739

1,476
1,194
110
1,181

(°)
4
16
95
2
261
229
5
27
21
0
0
0

(°)
0
0

115
9
6
0
3
106
0
-2
109

$
3343
575
37
(D)

8
(D)
69

8
2,775
566
430
14
123
3,116
2,259
2,090
247
1,846
0
(*)
0
0
-8
4
169
169
0
0
(*)

o

0
0
0
(*)

0
1
1
1
0
0
0
0
0
0
27

129
24
72

31
2

(°)

0

1,483
208
210
57
20
238
192
104
392
47
15

118
34
11
8
-1
17
-4

829
105
100
4
16
-3
252

2
(°)

&D
( )

(D)

(*)

Q

(°)
I

Q

Transportation
equipment

Other
manufacturing

19,148
16,209

29,664

34,054

24357

27,736
3317

6.973
7,618
7,611
(D)
(*)

477
3,912
0
10
119

8

5380
16,812
15,742
(D)
39
2,123
2,882
1 171
872
284

57
1,145
219
(D)
0
0

468
2.442

$
5,751

8
5
0
0

1,070
10

(°)

(°)
0

54
(D)

(•3
1,286

8
854

333
285
&
(D)
2,939

1,111
906
77
128
5306

2,633
1307
98
1,156

4,727
3,248
267
2301
(D)

188
10
0
1.070
94
97
1
-5
3,693
1,161
763
41
600
tO\

3

0
390
375
0
16
8
0
0
0
0
0

8
29
4
4
0
0
25
0

8

(P)
11
0
197
-2
1,126
1.126
0
0
0
0
0
0
0
0
0
0
2
10
8
0
2
-8
0
0
0
0
0
0

175
172
3
0
0
2,327
100

303
0

-3
451
93
836
224
381
215

0
28
-21
188
63
0

(D\

o

(p)
0

{**)

(P)
40

(°)

£)
362

2
1,401
1318
17
67
77
(*)
0
11
0
8
0
58
5

(°)
-4
0

03)
(D)
0
-6
73

-5
501
136
48
17
52
77
17
85
38
29
2

2,640
5,033

Wholesale
trade

19,208
12,190
1,794
466
2,129
1,130
33
16
1,144
2,312
125
789
2,246
7,017
357
331
366
228
5,619
33
83
3,485
1,527
1,290
156
81
6318
2,907
762
94
266
30
41
67
180

(P)
1,242
351
858
33
903
335
400
22
-28
24
64
86
78
44

8
6
33

(P)
21
341
(D)
44
29
2,993
2,237

(°)

63
108
152
48
171
64

Banking

Finance
(except
banking),
insurance, and
real estate

Services

19,109
10,233
797

63386
44359
11,062

7369
6,035
1,271

14,942
10,257

8,267
6368
317
41
260
1,372
-24
8
262
204
173
107
603
3,244
1,699
49
(D)
21

30.499
23.010
569
175
598

4,237

2,587
2,499
36
-1
288
791
5
-7
56
0
434
8
116
774
88
18
(*)
6

(°)

1,559
33
263
906

<>
S
D
<0
8376
6,906
1,201
373
543
248
7
1
-6
6
30
344

(°)

295
(")
5361
2.711

7

8

2,443
18
154
66
65
0
(*)
89
2
39
48

2t2

( D)

3351
195
(D)
184
-29

1,715
448
77

-41
170
0
1.102

26
13317
7,489
31
0
123
50
7.025
0
260
1,298

308
1.345
886
15
1
32
—
7
(D)
11
224
303
261

282

421

145

8

116

209

507

372

1334

4,141

1.422

2,927

1,765
176
1,295
195

(P)

836
64
607
34
2

2.134
66
118
84

8
31

8
114

(P)
3.915
3
3.887
26
10,385
823
18,366

(°)

-10.335
4
1,297

(D)
289
161
97
31
296
-28
104
33
91
(D)
52

-232
4

786
132
580

-6

8
1,815

114
37
182
-22

107

1,714

16,065

c
?

(°)
39

(°)

(

2

"
8
81

(D)
635

(°)

147
(D)
158
29

(P)

-23

(°)
15
40

131
79

(°)
\)5
—
53
49
4
(*)
257

(°)
15
826
112

(D)
-5

205
84
(*)
-4
0
49
38
12
-2
11
17

762

206

660

1360
2
46
29
146
64
141

..............
1,687

S

8
366

8

93
75
72
3
(*)
17
(D)

2,048
646
35
-6
-12
270
217
566
176
99
56

5,589

1,500
1,374
57
69
19,027

361
-2
-2
0
0
363
46
0
317

(D)

Other
industries

8

26
125
43
30
26

200
544

1. OPEC is the Organization of Petroleum Exporting Countries. Its members arc Algeria. Ecuador. Gabon.
Indonesia, Iran, Iraq. Kuwait. Libya, Nigeria, Qatar. Saudi Arabia, United Arab Emirates, and Venezuela.

87

SURVEY OF CURRENT BUSINESS

August 1991

Table 11.2.—U.S. Direct Investment Position Abroad on a Historical-Cost Basis, 1989
[Millions of dollars]
Manufacturing
AH industries

All countries
Developed countries

370,091
274464
65,548
175,213

Canada .
Europe .
European Communities (12)
.
<
Belgium
,
Denmark .
France
Germany, Federal Republic of .,
Greece
Ireland
Italy .
Luxembourg .
Netherlands
Portugal
Spain
...,
United Kingdom
Other Europe ....
Austria
Finland
Norway .
Sweden
Switzerland .....
Turkey
Other .

54,049
36,723
10,676
19,928

149,545
7.941
1,234
14,069
24,550
264
5,522
10,294
1,127
18,133
488
6,096
59,827
25,668
588
476
3.547
1.129
19,209
310
410

Japan
Australia, New Zealand, and South Africa .
Australia .
New Zealand ,
South Africa
Developing countries .
Latin America and Other Western Hemisphere .
South America .
Argentina .
Brazil
Chile
Colombia
Ecuador ....
Peru
Venezuela .
Other .
Central America ...
Mexico
Panama .....
Other
Other Western Hemisphere
Bahamas .............
Bermuda............. ..
Jamaica
Netherlands Antilles . .
Trinidad and Tobago
United Kingdom Islands, Caribbean
Other
Other Africa
Saharan

Petroleum

„

Other
Sub-Saharan .
Liberia .
Nigeria
Other
Middle East .
Israel .
Saudi Arabia
United Arab Emirates .
Other
Other Asia and Pacific
Hong Kong ....
India
!
Indonesia
Malaysia
Philippines ....
Singapore ....
South Korea
Taiwan
Thailand
Other

18.488
15.314
13331
1,140
843
92,098

3,284

62,727

4,718

23,612
2,684
14,522
1,069
1,977
393
939
1,503
525
16,050
7,280
7,889
881
23,065
4,257
17,717
223
-5,956
503
5.001
1,320

Food
and
kindred
products

Total

14937
120313
31.593
72,842
70,919
4,041
263
9,085
15,784
79
4,271
6.639
636
6.845
237
3.952
19,087
1,923
2
28
79
744
976
76
17
9,721
6,158
5,447
350
360
28,924
21,183
14,247
1,404
10,655
195
709
165
70
956
94
6,635
5.853
329
453
302
50
0
116
28
8

8

Chemicals and
allied
products

Primary
and
fabricated
metals

13,464

35,002

10492

28,161

8,103
6,135
2,581
3.039

2,018

6,239

7,157
6,721
320
168
223
943

17,195
16.893
2.231

621
235
0
1482
37
629
1.959
436
24
0
2
50
0
310
1,107
1,031
2*72
2,489
1.694
319
814
39
180
28
9
243
63
741
414
95
232

2,407
3,257
62
1,188
1,984

ft

1.750
10
710
3.089
302
-14
5
13
58
209
31
0
2,405
2,322
2.085
123
114
6,841

2,987
108
23
165
1,054
0
130
162
D
3

?5
ft

153
779
51

14
43

354
250

ft
ft

1,641

2,791
321
1,880
135
181
14
24
210
25

1,302
99
1,231
-159

1,733
1,441
197
95

ft
17
73
320
282

8
19
0
0
0

6,641
730
437
117
699
763
U05
840
1380
357
112

338

3,430

Addendum—OPECl

9,046

8

• Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. See footnote I. table 11.1.

1,723

283

ft

1,675
164
252
68
37
283
102
142
509
57
60

172
19
0

21
24

ft

Services

1.273
8.274

44,600

4.998

-21

8

8
2485
597
480
14
103
3413
2,688
2,457
230
0
(*)
0
0
232
232
0
0
(*)
0
0
0
0
(*)
0
0

0

ft

7.623
9,032

3,135

ft

130
12
0
1.180
137
138
10
-11
4,151
1,089
630
40
470

°

(

1!
-1
74
0
447
429
0
18
13
0
0
0

8

8
ft
12
ft

Banking

facturing

989
3,819

46

0
2
141

Wholesale
trade

22,959
19,446

55
1.028

ft

i

2,018

30
4
4
0
0
27
0

386
27

266
10
83
27
27
C)

7487

8

°

ft

11,738

Transportation
equipment

3,283
3407
0
687
3,049
4
908

ft

46

21,212
5.948
527
3.770
1,174
1,657
2418
1,855
1,921
1,271
772

Electric
and
electronic
equipment

4,251
4,079
220
3
385
690
6
409
342
D
( )
827

ft

0
0

4.166
756
1,955
652
803

26,031
22319
3.128
16,208
15.586
237

8

4,670

146

355
62
37
0
25
294
0
53
241
744
299
419
11
15

3,993
2,116
1,744
252
121
1,876
92
406
1378

International




ft

Machinery, except
electrical

ft
0
798
215
99
14
11
-3
140

ft

292
D

249
240
9
0
0
2,783
222
9
-6
574
109
955
272
421
211
15

9,053
(D)
(*)
610
(D)
0
16
56
(*)
15

<°>

(I

23.102

3

0
13
0
-9
D
( )
2.215
577
524

3338

8

1,492
1,385
1,131
207
48
9,948

3412
3,240
1.739
110
1414

7361

25,132
21,883

8

1400

8

12
0
40
-2
1,501
1401
0
0
0
0
0
0
0
0
0
0
3
10
7
0
2
-7
0
0
»7
0
0
0
0
0

1,880

-13

ft
ft

269
0
8
0
0
1
-23

ft

0
820

SURVEY OF CURRENT BUSINESS

88

August 1991

Table 113.—U.S. Direct Investment Position Abroad on a Historical-Cost Basis, 1990
[Millions of dollars]
Manufacturing
All industries

AH countries

.........

Canada
Europe
European Communities (12)
Belgium
Denmark
France l
Germany
Greece
....
...
Ireland
Italy
Luxembourg

68,431
204,204

,

Portugal
Spain
United Kingdom

172,940
9 462
1,633
17,134
27.715
300
6,776
12,971
1.119
22,778
590
7 480
64,983
31,264
767
542
3,633
1,526
23,733
507
557
20,994

....

Other Europe
Finland
Norway
....
Sweden .
Switzerland
..
Turkey
Other

421,494
312,186

•

Petroleum

59,736
41351
10,691
24,356
18,761
327

8

3,136
37
-41
605
22
1,636

ft

116
11,331
5,595

8
2,954
16
ft
173
19
3,419

.......
.
.

Other Western Hemisphere
Bahamas
Jamaica

.....

........
..

...

Trinidad and Tobago
United Kingdom Islands, Caribbean
Other
Other Africa
Saharan
Egypt .
Libya
Other

.
„.

"

„

......

.....
.....

Liberia
Nigeria
Other

3,780
1,840
1,451
246
144
1,940
58
210
1.672
4755
818
2,523
584
831

Other Asia and Pacific
Hong Kong
India
„
Indonesia
Malaysia
Phittnnines
South Korea
Taiwan
Thailand
Other

......

.„•...„.

.

...

International
OPEC 2

.

26
0
388

19,089
2,424
31
2 901
3,299
72
1,478
2 195

3.521
352
-4
3
14
47
252
41
(*)
2309
2.506
2,262
120
125
7^67

3,126

5,414

2,038
437
650

15,242
1,566
11,286
275
799
174
78
963
101
8,171
7,314
363
494

1.799
345
870
42
201
30
13
228
69
1,267
913
93
261

3,274
450
2,172
144
198
16
27
240
28
1,929
1396
229
104

ft

121
-2
278
164
2,269
80
1,927
263
967
235
-60

8
8
295
1,441
2,716
1,117
228
96
1,275
33
163
1,079
2,033

389
60
0
152
38
9
20
108
416
73
45
0
28
342

o

931

8,433
775
511
135
861.
818
2.361
920
1,449
461
141

5316




ft

0
225
538
399

8
2,107
1,750
1,349
110
1,232
-143

ft
18
82
(*)
382
336

ft

8

ft

0
D
(*)

6
0

8
o

295

ft

146
31
33
1

0

-4

8
(*)
6
0
2
160

ft
14
10
1
17

i

294

872

114

8,735

ft
(*)

664
3.374
0
23
182

1,429
2,864
-2

ft0

8

8
2,891
616
490
15
111
3,837
2,808
2,498
325
2,169
0
0
0
-2
310
310

o

o
0

0
2
2
2
0
0
0
0
0
0
27

ft

0

1,000
284
114
11
-5
415
$

31

Wholesale
trade

37,295
30370
8,693
19,705

45
1,268
392

0
26
0

41,411
33,918
4,131
24,495
15,420
19,166
872
2,177
566
46
3,025
2,605
3,487 " 1,505
71
4
1,406
1,677
1,684
40
6,739
539
11
60
86
226
32

ft

2,490
110
1,011
2,746
9,075
299
380
407
344
7,424
120
100

Banking

21,397
10,988
1,057
8.684
7304

8

1,694
174
81
4
361
301
169
879
3,575
1.179
42

2

Finance
(except
banking),
insurance, and
real estate

Services

98389
67,917
12,025
52,227

10,839
8,694
1,549
6,502

40,718
2,059

5301
352
98
375

960
2,863
1349
1,005
238
8,642
3
23,071
11,508

i

1

298
0
1,439

Other
industries

21,001
14,458
5,746
3,948
3,772

ft

A
ft

2,249
1,001
19
-1

160
1,375
176
29
-6

23

8
68

288

406
4,359

1,025
57
4

11,049
(*)
289

3,820
1,472
1,294
132
46

200
1,048

2,145

ft
ft

4,216

6,724

7,493

10,408

2,240
1,426
1,116
257
54
30,972

3,299

5,861

2,900

7,600

27,250

1,723

945
52
742

1350
-64
1320

8
14
0

794
121
302
54
18
35
73
155
34
959
503
442
15

1.717
470
851
329

2,065
164
1,351
418
30

1,058
70
865

8
18
-1

3.827
348
2381
180
306
78

ft

•a

9
64
318
31
273
14

74
-3
5,647
314
5,312
21

47
4
268
156
54
57

53
297
U78
962
150
165

1,147
394
517
35

5365
2,790

19,539
841
18,185

633
12

31
149

2348
218

-1,689
6
1,908
285

397
-32
144
38

65
51

265
-4
-4
0
0
269
3
0
265

107
93

42

113
99
97
0
1
14
(*)
-42
56

502

58

884

(D)
49
134

(D)
-4
-211

49
61
101
-25
-87

4,026

2373
2,007

941

1,224
126
127

8
5,160
1344

83
0
582
562

o

21
17
0
0
0
0
0

(

?

43
4
4
0
0
39
0

2,464
654
603

8
-2
1,749
1,749

o

0

0
0
0

o
0
0
0
0

14
19
17
0
2
-6
0
0

251
249
2
0
0

0
0
0
0
0

3.322
215
9
-1
722
133
1.205
224
520
278
17

904
0
9
0
0

0

1,930

24,012
19,796
7,945
8,733

n

ft

0
0

Other
manufacturing

8

148

(*)
0
0

189

1,794
140
299
72
41
290
107
169
533
76
68

26

0

113

(D)

13,641
8,481
2,195
4,936
4.544
211
-1
481
797
5
420
407

Transportation
equipment

0

3,141
890
-27

19
0
0
0

69
17

546

0
3 642
4,051
0
739
4,000
6
1,105

(°)

20

o
47

ft

Electric
and
electronic
equipment

93

-9

52
0

17,849

14

9
2

ft

* Less than S500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
I. In the corresponding tables for 1988 and 1989, this line includes only the Federal Republic of Germany.

D

150
1,020
80
4

0
119

2327

9.828

28,791
24,954
2,707
18,739

0
19

5
0
5
0
(*)

5,635
188
11
3,209
379
149
775
7
-9
719
207

9,776
7,669
2,979
3,926
3,846
151
31
368
1,310
0
129
180
22

212

ft

24,719
6,537
639
3,827
1,425
1,655
3,971
2,096
2.273
1,515
782

Machinery, except
electrical

59

67
275

911
311
576
13
12

558

Primary
and
fabricated
metals

2,142

3,650

3386

Middle East
Israel
Saudi Arabia
United Arab Emirates
Other

Addendum

18,911
9,360
8,521
1,029
28,636
4,301
18,972
276
-1,401
413
4,639
1,436

8311
8,034
371
179
389
1,171
3
690
516
0
1,755
79
796
2,083
477

23,802

24,920
2,889
15,416
1,341
2,043
389
600
1,581
662

..

2,292

33362

72,467

.

33,231
83,992
81,264
4,331
286
11 051
17,489
84
4,885
8,535
539
8,144
285
4 998
20,636
2.729
63
76
121
1,060
1,177
U7
115

. 38,745
30,877
6,420
19,442

5,275

105,721

Ecuador .
Peru
Venezuela
Other .
Central America
Mexico
Panama
Other

15,961

15,658

.....

Latin America and Other Western Hemisphere ..
South America
Argentina
Brazil
Chile

168,220
134,658

Total

1,120
1,080
28
11

3.085
2,615

Developing countries

Chemicals and
allied
products

10,623
6,812
6,060
341
411

18,557
14,529
3,139
889

Australia, New Zealand, and South Africa
Australia
New Zealand
South Africa
i

Food
and
kindred
products

106

921
1,252
1,097
97
57

323

ft
1,951
1,849

8
82
15
0
9
0
58
-13

ft

0

-15
0
6
-21
74
17

8

ft

15

ft
D

0

8

g
-3

209
57
0

ft

85
39
141
140
41

124
405
236
414
135
133

2,637
672
110
79
4
322
183
812
251
145
60

22

490

348

302

803
185
65

(

S

8
9

ft

47
95
126
98
127

355
319
22
14

ft

-1
63

(*)
14
(D)

4

266
109
0
2
56
64

ft
2,088

ft
5,482
3.917
2,007
61
112
139
38

ft

ft

8
9
8
99
88
70

8
11
57

3
-49
317
234

1,149
343

ft

312

3

8
8

1,060

58

733

In this table for 1990, it also includes the former German Democratic Republic (GDR). This change has no
effect on the data because there were no affiliates of U.S. companies in the former GDR in these years.
2. See footnote 1, table 11.1.

89

SURVEY OF CURRENT BUSINESS

August 1991

Table 12.1.—U.S. Direct Investment Abroad: Capital Outflows, 1988
[Millions of dollars; inflows (-)]
I

Manufacturing
All industries

AH countries
Developed countries

17,879
13,719
2.641

Canada
Europe
European Communities (12) ................................
Belgium
France
Germany, Federal Republic of

Ireland .".".

ZZ

Z

ZZZ"

Italy
Luxembourg .....
Netherlands

_

S an ....zzzzzr.zzzzzzzzzz
pi
United Kingdom
Other Europe

-2,759
301
335
-649

7,541

327

4^21
564

236
-24

3,799
2,912

3,067
3.293
448
16
716
-896
19
440
466
442
67
20
184
1371
-226
-19
-1
20
43
-259
3
-13

565
540
-29
20
-221
175

1338
735
539
67

-390
97
57
-1,018
15
21
-226

(P)

634

226
464
684
-38
-183
3,221

-259

1313
653
799
91
-237

621
-6
-106

4,662
3,882
74
-82
1,676
223
-1385
-31
-53
-188
-87

-2,683

-5
-280
-62

1,563
-158
1,342
168
51
1
-1
151
11

ZZZ.

928
608
216
104

45
-3
73
-25

725
626
25
74

2,881
124
-446
2
3.572

22
52
-10

37

.Z.
"..

.

Latin America and Other Western Hemisphere
South America
Argentina
Brazil
Colombia
Ecuador

„

Peru

„

...........

Z".

Venezuela
Other
Central America
Mexico
Panama

Other

Z

..

Z

.

Oihcr Western Hemisphere
Bahamas
Jamaica
Netherlands Antilles ..Z.Z.
Trinidad and Tobago
United Kingdom Islands, Caribbean
Other
_

Other Z

Chemicals and
allied
products

-555
-26
29
534
19
-1.125
29
-15

Japan
Australia, New Zealand, and South Africa
Australia
New Zealand
South Africa
'.
..
Developing countries

Sub-Saharan
Liberia
Nigeria
Other

Food
and
kindied
products

Total

Z"

Finland
Norway
Sweden
Switzerland
Turkey
Other

Saharan
Egypt
Libya

9,113
9.669
629
184
1,777
-1,878
58
694
607
392
1,418
50
565
5,173

Petroleum

Primary
and
fabricated
metals

„

...

............

Z!"Z

ZZZ" ...Z""Z1

„

.

.....

:

Middle East
Israel
„
_ „„„
„„,
Saudi Arabia
™..Z."
Z
United Arab Emirates ..........................................
Other ....
... ...
Other Asia and Pacific
Hong Kong
„
India
!.

„
„

Malaysia Z.Z..ZZZZZZZZZ..ZZZZ

Philippines
.......—„.
„S ingapore ..............................................................
South Korea. ............
.......
...............
Taiwan
.....
Thailand
.....................
Other
*
.....„,

International .„„„ . ..........
Addendum OPEC • .

....................................
..

.......

-491
125
-130
-188
-86
-3
^99
58
22
-25
60
-262
92
-344
-19
10

~3

8

-1403
-1,570
67
49
12
-1,344

1

-381
-235
-122
-104
-146
1
-4
-142
-255
-308
3

1.172
708
60
-251
156
90
-16
237
203
-149
133

-544
-22
-2
-284
-32
14
-39
2

-503
-1,000

-1,047

2325

0
11

Q
354
25

545
152
14
148
332

720
30
64
6
175
85
-16
120
161
65
30

-37
0
10
18
61

12
62
338

-.8

-1

151
-8
(*)
(*)

17
30

-81

66

-224
-19
-31
-174

243
247
9
-13
886

17
113
106

-597
-631
22

91
17
-102
-14
-63
5
4
-38
113
63

?,

58

599
335
243
28
26
2
32
2
242
211
22
10

1

0
8

53
9
0
44
0
0
44
0
0
0
0
0

0
3

8

603
573
548
8
402

2
-i

n
0
0
0
0
0
18

$

H

1
0

(P)
Q

15

-1

85
-13

-14
-1

§

25
15
2
1
-1
3

1,097
652
-501

839
340
349
174

971
994

544

0
60
96
0
4
12
(*)

4
157
-128

252
57

763
-23

-77

0
0

2
-1
15

a 1
J
34
-6

87
48
229
2

50
1
0
304
2

22
160
157

210

487

446

136

103
87
5
77

447

-369
-5

(°)

0
-2

(°)

1
118
-64
154
0

"I0

28
1
17
17
0
0
0
0
0
0

(•)
(•)
0
0

o

0
0
1
-1

C

185
-2
37
7
1
30

390
-97
-179
-224
-281
-10
-22
-22

Other
manufacturing

0

198
-655
0
156
78

-16
6

0
(*)

1
1
1

94
9
12
0
-3
85
0
13
72
82
15
70
I
-4

75

-248
-458
-112

Transportation
equipment

8

320

8
14
11
9
0
2
4
0
0
0
0
0

8

0
58
(*)
127
127
0
0
0
0
0
0
0
0
0
0

9
(*)
(*)
0
0
10

2
1
1
0
0
1

8

0
1
0
0
0
0
0

o

23
26

C
0
73
-5t

352
70

4!

167
12
-42
&4
i:

o

_3

2,927
2368
521
1,466
1,869
187
-35
679
102

(P)
-6
86

485
28
109
230
-103
9
37
27
13
-510

Finance
(except
tanking),
insurance, and
real estate

672

7,717

466
102

4,624

734
623

1,046
1,017

486
4,184

243
286

3.499
-59
181
195
-151

279
12

390
459
454

300
664
-56
-7
-1
31
-19
5
-4
190
531
-364
6

2

-368

A

(Pi

352

-84

1

29
21
23
-15
560

147

499

450
256
223

J3

Banking

Wholesale
trade

8

225
-106
-37
-4
13
-1
-12
197
103
89

5

0
1

-6
C

(°)
o

8

-13

<P,
P.

-i
u

8

-17

241

21
(*)
-7
29
-7
13
-7

P.

61

154

-y

1!

1

212
221

2(
12

13

24

11

<*

55

17

2.293

-18
-50

685
7
0

7
-46

(P)

P.
-2

C)
-4

662
0
63
-109
-123
3
11

64
30
47

8

"61
0
120
1
87
164
5
-1
0

I

70
97

156

2,796
68
8
62
35

256
70
7
66
-5

-40
-136
12

185
19
154

1
-163
-208
-44

B

30
-179
202
7

36
31
3
2

50

2,69*

150
-23
185
(*)

47
20

-643

-13C
—
2
-25
1
0
(*)

-26
1
3

405
69

4:
73
164
43
1
14
-3

-22

-1

-17

i

132
-1
0
0
134
34
0
100
-223

H 8 "8

1(

o

18
-34

i

68

12
0
201

84
-I

-177

P.
124

i

228
103
-51
766

no

48

i

74

3,093

•

13-1

Other
indus*
tries

Services

206

-377

• Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 11.1.




468

-37
0
150

492
2,110
2,052
478

Machinery, except
electrical

Electric
and
electronic
equipment

387

c?
10
<

40
15

0

P>
26

(°)
-125
12
-113

-r
-3
20
(*
-1

21

1
-234

9
(*)
17
132

23

<°)
-64
9

-3
(*
-i:

&
-126

-13

223

90

SURVEY OF CURRENT BUSINESS

August 1991

Table 12.2.—U.S. Direct Investment Abroad: Capital Outflows, 1989
[Millions of dollars; inflows (-)]
Manufacturing
All industries

Petroleum

Total

Food
and
kindred
products

Chemicals and
allied
products

Primary
and
fabricated
metals

3,111

4,326

3,290

2,488

3,638

-2,808

4,207

132

508

-640

708

3,478

-2,250

3,597

-1,891

2,889

703

-295

90S

1,129

17,078
647
-25

-1.106
49

3,482
322
-24

-1.904
13
1
-617

2,884
238

697
-14

-448

912
-3
-25

1,170

155
172

2.325
1,064

93

34

187

137

117

217

1.457
24

-41

1,017

120

1,475
7

520

-636

—18

266

50

o

o

612
417

-157

-553
-3
948
34
810
489

-239
0

o
9
28

349
_2

-782

4,607

9,061

-1,134

3,537

219
14

••

„-

European Communities (12)
Bclcium ..»»«........•...•............*...••....*..........**...*...

499

France ..
......
Germany, Federal Republic of
Ireland
Italy ..„
Luxembourg
Netherlands
Portugal
Spain
United Kingdom

65
1,479
76
964
10,864

~
^.

Other Europe
Austria
Sweden
Switzerland

other ..!..."™......™!.r."!..l"!!.!....!!r.!!r..".....!"..!!!

756
-21
27
-875
-47
1,663
40
-31

424

Japan

1,425
1,376
316
-267

Australia, New Zealand, and South Africa
Australia
New Zealand
South Africa
Develop!ng countries

-480
-1,144
12
(D)

-887
14
-1
121
-151
-23

(

?

Latin America and Other Western Hemisphere1

"""

115
41
4
14
88
-10
(*)
-22

13
C)
0
(*)

194
1,063
1,024
106
-67

-19
645
571
86
-12

other "!!""""!!".'."!™"!!!!""."!!"!!""!!""1"!]!!!!"!
Liberia
Nigeria
Other
........

...............
„
«
. „ .............




1
16

...........

-252
-2

195
1
-4

2322
596
123
805
9
148
119
201
239
112
-29

694
-8
-2
762
-103
6
55
-1

706
142
72
14
108
90
65
102
79
21
12

298

-13
294

518

45
965

510
-6
0
18
12
483
0
3

173

13

i

-3

582

255
28
7
30

122
310
10
276
24
2

5,914

187
215
9
197
5
(*)

39
-3
0
3

9
-1

8
-2
0
0
0

0
0

0
0
-3

0

194
3

0
0
218
16
48
11
7
38
-17
38
59
11
9

1

1
0

36
36
0
0

53
50
0

<*)
0
0
0
0

4
0
0
0
0
0

8

0
0

8
0

0
0
2

0

44
37

63

31

15

453

0

8

(*)
(*)

(•)
0
0
0
0
0
0

1
0
-111
(*)
400
400
0

o

2
(*)
(*)
0
0
2

4

0
0
0

2

2

0

34
70
12
10
-5
(*)
-11

412
125

/D\
/D\

C)

i

0

-42

-3
85
33
100
19
54

8
8
21

D8

1
-6
-21

(*)
128
123

8
0
0
3
0
1
0
-2

62
97
-41
6
165
24
45
14
27
(*)
29
26
14

(*)
(*)
0
0
1
0
0

8

6

0

2

70

7
0
0

21

7

-5

49
42

-6

289

o
0
0
0

-31

A
0
0
-32
-3
-9
0

0
0

2

8
-9

-14
-179
-337

317

181
-1
61

127

(°)
966
177
792
-4
4,767
322
-1,054

0

-S3
1
-39
7

54

8
-1
-1
0
0
10
20
0
-11

27
-21
64

4
61

109
53
10

400
103

21
10
1
19
5

-18
13
123
79
75

D1

218

6

-72

24
22

267
&

143

(°)
(°)

8
(-7D)
-22
8
7

-22

289
42
50
40
3
41
-101
138
55
18

P
88
207
-1
5
12
-5
-31
-118

-22

14

6

-111

.17

49

45

(°)

3
8
8
-4
-154
12

8

-166

i
~5

7
6
_7
-19
0
-1
3
4
-1
<*)

8
21

(*)
153
130

1
(°)
312

...............

-25

13

29

20
19
16

2
..............

122
-167

182

-12

-14
-45
-13
-14

<°)

(*)
3

1
4,661
(*)
864

..............
181

273

653
254
11
334

C)
(*)

283
0
-239
1

-7

-40
-97
-1
-116

70

C)
9,778

201

12

I
37
-5
16
8
6
(*)

_j

6,037

0

-57

78
14
0
307

8

49

o
0

286
587

0
420

-81
226

265
252
-138

739

-163

942
488
27

66
-9

688

8

(D)

8

Other
industries

99
291

623

60
9
0
45
3

—357

6
114
216
-172

851
85

422

313
252
55
7

56
43

1
-61
-11
1
-1
-11
21

12,388
319
13

389

205
167
6
32

240
47

8

147
-129

-34

-24
-203
182
-4

1.179
1.064
65
51

l

0

12,898

102
80
2
20

10

75
3
4
0
-1
71
0
-4
75

8

4
-16

P

-25

1,058
7
1,024

-57

353

63
68
103
77
-9
35
-40
3
-142
98

-18

1,260

139
163

8

318
-17
332

8

-257

19,194
13,157

191

85
-1
12

-20
130
93
-5
42
-150
38
-184

o

685
265
144

8

128

A

3

Services

(*)

0

294
-32
267
5
32
-2
3
19

8

95
-46

Banking

Finance
(except
banking),
insurance, and
real estate

-8
2
0
-432
22
16
9
-3

0

656

-161
-3
-316

S

0

396
183
22
107
2
21
2
-4
25
7

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1. table 11.1.

D

-4

2,729

64
6
-57

Other Africa
Saharan „„.........„
Egypt

_

153
31

-90
-55
28
91
10
-67
-62
-37
-6
-13
126
6
85
35

-34

466
1.407
-41

6
2
0

206

1.489
-11
1,224
166
126
8

-6
12
48
8
-44

(

-11

1,070

2,001
43
1,892
368
-216
-53
-61
-96

452
200
193

7
-70

208

-20

(*)
3
10
-14

-40
-42

23
132

352

- 1 309
80
4,666
80
1,083
139

Jamaica
Netherlands Antilles'".
Trinidad and Tobago
United Kingdom Islands, Caribbean
Other

OPEC'

9
110
355
5

3,749

Other Western Hemisphere
Bahamas
„

.

fl

309

2,424
1,455
866
104

Central America
Mexico
Panama
Other

...... „ «

91
-1345

4
350
140
22
3
255
1
-105
17
99
277
1,261
-61
17
1
27
1,261
20
-5
-59
20
38
11
-29

553

-139
-303

11,598

125

„

Middle East
......_
Israel
Saudi Arabia
United Arab Emirates ....
Other
"

r?

283
119

9,239

.......................

"

-398

169

ooooo

Canada

Europe

Addendum

920
499
2

1,809

12,810

-5,087

International

Other
manufacturing

Wholesale
trade

17,834

-1,791

21,492

Other Asia and Pacific
Hong Konc
India
Indonesia
Malaysia
Philippines
„„
Singapore
-..South Korea
Taiwan
Thailand
Other

Transportation
equipment

2,551
265

33388

Venezuela
Other

Electric
and
electronic
equipment

408
19
20

AH countries
Developed countries

South America .,.„
Argentina
Brazil
Chile
Colombia
Ecuador

Machinery, except
electrical

15

-42

91

SURVEY OF CURRENT BUSINESS

August 1991

Table 12.3.—U.S. Direct Investment Abroad: Capital Outflows, 1990
[Millions of dollars; inflows (-)]
Manufacturing
All industries

Petroleum

Food
and
kindred
products

Total

Chemicals and
allied
products

Machinery, except
electrical

Primary
and
fabricatcd
metals

Electric
and
electronic
equip-

Transportation
equipmerit

Other
manufacturing

Wholesale
trade

Banking

Finance
(except
banking),
insurmce, and
real estate

Services

Other
tries

All countries

33*437

4,483

10,164

1,638

2,116

1,349

464

1,324

-183

3,455

W75

-4S5

11,103

1,642

4/125

Developed countries

21,195

3,793

5362

906

1,136

1,238

355

383

-865

2,710

1,637

-U90

6,488

1355

3350

2,280

52

1,318

283

36

360

-433

188

309

574

240

79

90

195

306

14303

3,495

3375

590

1,091

629

663

170

-1357

1.989

1.099

-1.349

5,739

U55

790

9,101
457
289
1330
818
44
1,136
1.285
-111
2388
32
512
520

3.438
78

3.053
-27

621
32
1
101
142
(*)
54
211
0
112
10
68
-110

1,091
35

485

-35
-22
-6
103
17
-2
12
-18

-1374

1,866

579
176
30
273
115

-172

188
193
28
198
281

1304
78

712

<°>

-8
10
286
48

599
29
6
157
249
0
1
-10

8
8

(°)

(°)

5.402
33
5
-273
198
5,110
141
188

57
(D)

"
I

Japan
Australia, New Zealand, and South Africa
Australia
New Zealand ...„
"...
South Africa

Europe „
European Communities (12)
Belgium
France
Germany'
Greece
Ireland
Italy
Luxembourg
Netherlands
Portugal
Spain ........
United Kingdom

."..................

.

Other Europe
Austria
Finland

204

(°)
-5

-46
17
555

(°)
2,360

880
295
4545
999
-126
892
5
348
-765

28
217
215

..'..

2,968
1.032
1.895
41

.,

12,175

Latin America and Other Western Hemisphere
South America
Argentina
Brazil
Chile
Colombia
Ecuador

II™!!!!™!!!!!

Venezuela
Other
.

8

-14
134
30
-1

(°)

135
0
38
615
1
108

J?
178
13
(•)

(°)
59
(°)
-21

8

103

533
577
-92
49

-27
95
-126
4

71
63
-3
11

224
183

21
15
1
5

775

4302

733

981

111

110

941

9,274

481

2337

605

676

90

102

1.443
164
1054
293
115
-19
-346
39
144

-171
-44
133

1,007
156
623
73
142
8
1
-2
7

94
27
32
5
38
2
-4
-12
6

433
123
235
9
27

35

44
94
-54
0

561

1.441
1,362
33
46

502
475
-3
31

182
140
32
9

90
10
0
41
10
1

9
(D)
0
2
(D)

8
(°)

-S

-331
9
53

496
64

Other Africa
Saharan
Egypt .. ..
Libya
Other
Sub-Saharan
Liberia
Nigeria
Other

.............

Middle East
Israel
Saudi Arabia
United Arab Emirates
Other
Other Asia and Pacific .
Hone Kong
India
!
Indonesia
Malaysia
„
Philippines
Singapore
South Korea ...................
Taiwan
,
Thailand
Other

„
,.

„
„
„„

OPEC 2

5.237
108
777
57
4357
-89
-313
139

91
37
122

9

(°)

-182
-207
-221
-7
21
24
-35
-222
281

-216
-236
-235
-10
9
20
-21
-199
239

54
14
10
0
3
40
0
13
27

289

164
11
154
1
-3
1347
-47
78
20
156
93
1,135
89
-4
102
-74

2303
439
115
59
241
48
862
321
189
237
-7




8

(°)
277

8
221
4
-84
36
19
211

8

67

-85

..............

694

256

193

• Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 11.3.
2. See footnote 1. table 11.1.
D

(°)
(°)

(°)
(°)

11
-11
IS

(°)
(D)
5

3
31
3

54
46

8

61

O
0

0
0

(°)
0

0
(D)

8
5

<>
°

17

1

11

0

8
0
8
o
8

<3
0
8
o
8

2
0
2
0
0

160

108

144
23
48
4
5
45
6
30
4
18
7

-i
-l
(*)
0
0
11

(D)

0
<*>
(D)
<>
*

8
-3
20

(°)
67
4
7
1

(°)
(°)
(°)
(°)

(D)
2

(°)
1
-4
-1

<>
°
-2
(°)
0
.

........
10

194

o

-148
-9
-16
66

123

25

8

65

(°)

(°)

210
-6

(°)
0

(°)
o

-63

o

(°)

(°)

-4
149
90

744

59

(t

5
62
0

17

436

(t

o

(°)
0

21

o

-62

395

205

8

o

-37

229
-1,335

-8
(*)
-12
7
5
(*)

(°)

581
60
565
-69
25

Other Western Hemisphere
Bahamas
p^nnuna ....................i«...*...*...#..*...,,.,..,.............
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands. Caribbean
Other
„

International

365
(")
12
217

8

2395
1,949
498
148

........ .............

Developing countries

Central America
Mexico
Panama
Other

a

-31

62
-22

522
49
32
30
147
98
7
158

1,443

Sweden
Switzerland
Turkey
Other

Addendum

(°)

8,

0
11
0

-23

633

-8

3

?
0

26
-26
46
6

13
18
-8

3

(°)
(°)

682

744

638

635

4,615

287

923

424

38

602

93

341

4,880

280

662

325
5
300

-182
-173
15

258
68
105
(D)

-17
-19
11
-3

300
85
126
82
(D)

149
-24
22
125

127
8
139

47
2
1
-5

(D)

-7
9
12

(°)

28
24

-160

3
(*)

-161

82
40
55
-2

201
267

(°)

8

<?> H

o

11
10
10
0
0

2
2

0

D

(°

1°)
11

0
0
0

1
0
0
10

o
0

o

o
0

2
9
-7
0
0

0
0
0
0
0

504
—3
1
(*)

633

1

o

c

142
22
247
-48
81
67
2

Q

1

c
c
(°)
(°J

1

(

(D)

2

(°)
(P)

i°)

•3
38
7
_3

(°)

8

0

(*)
(*)

(°)

<>
°
(

?

(°)
(°)
-92
23

{j
S

107

61

P>
9

(°)
(°)
(°)
(°)

C)

4,477
3
-180
-81

8
P>
-13
29
-28
-10
-4

8
<>
°

6
74
105
141
22
17

30

A
0

78
K
...............

-37

12

.

23
13

0
0
-21
2
0
-23

i

324
-26
35
47
i;

si

125
29
26
14

(°)

-297
299

2

21
2
<
0

(3
-3]
-629
19
25

8
41

(I

3

28
197
86

(°)
72

(D)

*
(D

(°

(°)
102

-69

<)
P

.....
27

8

-18
10

-44

(D

(P)

(4

(°)

-1
_2
(D)

53

8
z

3

C)

<°)

-22
-1

-4

12
10
11

2

(°)

-27
9
9
0
1
-36
-1
-38
2

(°)
("!
(°)

488
96

554
5
41
(D)

4,605
-193
580

50

142
-19
1
C

8
(
S
(°)

46
24
3
19

(°)
(°)
1
3

(•)

(*)
2.254

126
39
83
3

-2

8
(°>

(°)
1

36
(*)

(°)

...............

„..„.
7

22

(°)
(°>

377

16
0
0
3
0
1
0
12

7

8

-78
13
-75
-16

0
0
0
0
0
0
0
0

(°)

?

77
3
-3

-S

4

.

-1.189
14
(D)

-23
5377
(*)
19

-149
3
(*)
-8
4

<°)
0

155
129
5
21

0
0
0

(°)

5351

(

108
109

(*)
0
0
0
0

-174

-1,177
-3

(°)

125
(")
15
238

-19
—7
1
(&)

329
330

-2
268

-10
383

203

(4

220
220
0
0

8

(°)

-32
-1.476

32

8

95
92
0
3

0
5
—
1
16

(°)

<°)

312
96
0
352

275

58
58
0
0

o

<°)

C°)

278
-78
-40
834

(°)

44

(4

-38
(*)

1

-64
38
-5
47
42
-21

77
-45

520
-70
-9
13
70
457
41
18

14
37

2
0

0
0
1

J§

172
-286

.33

Canada

5

(°)
(°)
(D)
80
152

62

123

92

SURVEY OF CURRENT BUSINESS

August 1991

Table 13.1.- -U.S. Direct Investment Abroad: Equity Capital Outflows, 1988
[Millions of dollars; inflows (-)]

Manufacturing
All industries

-6,112
„.„.„„.........

Canada

„
........—.............»..„......—....

European Communities (12)
Belgium
Denmark
France
Germany, Federal Republic of
Greece
Ireland
Italy
Luxembourg .,
Netherlands
Portugal

Other Europe ...
Austria
Finland
Norway

„................

......

!

„
„,....„.„....„....„.
.„
........

p)
(*)

-122

5
439

383

(D)

437

D

-155
0
0

44
(D)
0

59
-26
0

J)

8

P)

0
-14
-14
-2

8
o

0
10

0

( )
30
0
0
(D)
0
4

0
0

14
0

0

0

p)

-138

52

-189

-95

-79

0

P)
0

o

8

P)

-87

-66

-11

-26

-55

19
-7

-58
4

67

1
-2

(•)
P)
(*)
13

P)
-11

0

P)

P)
0
0

C)
0

P)
-3

-361

P)
0

-38
-40

3
3

0
0

-2,978

p)

0
2
-7
0
0
-2
0
0
0
*4
-3
-3
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0
0

P)
-152

-134

P)

ZZ.
...
........

-

Singapore ...........„....„........„...................#..„,........
.-..

Other

0

P)
-14
(D)
-445
-48
-14
-442

-12
<*)
74
-28
5
67

-

International
.

-41

>

-1,480

• Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 11.1.




0

(*)

( )

-6

«

„

8
(D)

-450
....

-3
0
0
0

P)
0
p)

-332

0

-12

-8
-11

(

0
0
0
0
0
0
0
0

-53

8

0

P)
0

?

(°)
P)
-2

P)
o
0

o
0

(D\

0
-43
16
D
( )
_1

0
0
0

-1,387

o
0

0
0
0
0
-5

-444
0

o
p)
p)

o

P)

0
0

-2

0
25

0
0
0
0

o

P)
0

-2,571

P)

-726

P)

297

„!

o
0
-37
11
-2
0
0

o
(D)

0
(D)

-1,442

-381

"o

2
0
0

(D)

!.!Z! ZZ".

•

383

-131

2
0

«

.

-155

87
3

........

'..

OPEC *

P)

-73
-73

0

JB

Indonesia
»
— ~
-**
Malaysia
Philippines .....«......„....,...,.......,.............<...............

Addendum

P)

-195

79
-11

_

Other Asia and Pacific

-1

229
218

8

3
-5

Other Western Hemisphere ..................................
Bahamas
„
Bermuda
Jamaica
Netherlands Antilles
„
J
Trinidad and Tobago
United Kingdom Islands, Caribbean
Z..Z
Other

Middle East
Israel
Saudi Arabia
United Arab Emirates ..
Other
.»
—

-122

7
7
P)

P)

Central America
Mexico
Panama
................................
Other

_.

P)

388
363
2

-1.184
8

......

448
277

-208

-4,083

..„„

375
285

-233

251
46

South America
Argentina
Brazil
Chile
,
Colombia
Ecuador
....„..„....„„„.......
Peru
....
Venezuela
Other
„„

-497
-514
34

Banking

-121

-5,131

„........•

Latin America and Other Western Hemisphere

„

^44
-229
72
-287

Other
manufacturing

-no

-1
-40
575
-3
-2
0
0

0
0

-908

Australia, New Zealand, and South Africa
Australia
New Zealand ...„
I."."!."!!!."!."!"""."."!!!!!!"!!!
South Africa
„„
]
„.!!!"!

South Korea
Taiwan

P)

11
-2

m

JJ^f Kong

^*03

384

Japan.....

Liberia

p)
o
0

P)
0
P)
-3

„....„

-76
-90

Transportation
equipment

-129

P)
-2
P)
-54
P)
-18

(°)
o
0

1314

Switzerland
Turkey
Other

Nigeria
Other

0

-39
149

Machinery, except
electrical

-195

78
-45
0
-210

100
0

-362

„„..„„..„.....

Other Africa
Saharan
Egypt
Libya
Other
....
Sub-Saharan

P)

4
-52
(D)
—48

„

Developing countries

80

0
0

-1,123

Chemicals and
allied
products

Wholesale
trade

-45
74

-1,713

,...„

Food
and
kindred
products

Electric
and
electronic
equipment

-973
-886

-1,581

333

United Kingdom

Total

-4,009

-941

15
395
62

All countries
Developed countries

Europe

Petroleum

Primary
and
fabricated
metals

0

(
?
D

()

(D)

_

_

P)
5
0
0
0
0

8
0
1
-2
0
0
-2
0
0
0
0
0
0
0
0
0
0
0
0
0
-9

P)
o
0

(D)
(
D

o

-1

P)

0
0
0
(D)
0

0
0

P)

o
0
0
0

P)
0
0
0
(D

o
1

o
0

54

p)

P)

0
0
0
0

0
0
0
0
0
0
0

C)
(*)
0
0

o

0
0

0

0

o

o

o

0
0

0
0

-7

0

p)

(1)

8

8

8

0
0
14

0
0
-38

0
(*)

17

P)

(D

-26
-18

P)

17
-13

P)
0
p)
o
0

30
0
0
0
0
0
0

0

0
0

(D)
0
1
-4
0
0
0
0
0
0

0
0

0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

o
0

o
0

o
0

-3

0
-3

-3

0
0
0
0
0

0
0
0
0
-4
0
-1

o
0

o
0
0
0
0
0
0

o
o
0

P)
0
( )
D

94
-54
(D)
0
0
0
0
0
(D)

o

102

9
0
0

P)

0
12
0
-5
122
2
1
0
3
0
-5

3
0

-383

24
24

-80

-43
P)
P)
0
16

-80

P)

Services

-1,734

-294

1,036

-241

-127

P)

10

1,536

-286

989

P)

157
157

0
0

0
0

(*)

C

8

112
O
D
6
(D)

94

P)
P)
1

-153

880
546

4
0
0

0
(*)

n
0
0
0

-S
p)

0
0

-2

0
0

0
0

P)

-159

P)

-213
-225

91

8

P)

-2,769

98

45

-2,761

8

8

p)

6
0

o
1
0

P)
P)

(

0
0

88
(*)

p)
p)
0

-185

- 2 868

o
0

-1
0
0
0

p)

2

Q

0
0

0
0
0
-2
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

-7
p)
0

0

0
0
0
0

o
-2

o

p)

6

p)

8

0
12

P)
0
171

P)

8

o
0
0
0
0
0
0
0

P)

0

-20
-20

0

Pi

0
0

P)
0

0

o
p)

-216

0

-1
548

P)
0

o
0

0
0
0
0
0

0
0
0
0

-1
-1
0
(*)
0
-1
-3

o
0

P)

P)
P)
0

-5
1

0
0
0
0
0
0
0
0
0
0
-3
-3
0
0
_3
0
0
0
0
2
2
0

74
170

P)

44
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

Other
industries

189
342
«
39
-2
6
(*)
5
-4
6

44
0

p)
0

(*)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2
2
0

-8

4

0
27

0
0

p)

o

-189

-2
0

p)
p)

-238
-200

Finance
(except
banking),
insurance, and
real estate

103
16
0
1
-5
2

p)

-15

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

-1
0

P)

0
-16

(*)
(D)

P)

0
0
_2

67
-36

P)

8
33

_1
{°\

(*)

S

-1
I

0
0
-1
0

0

P)

(*)

p)

0
-1
0
2
(*)
-1

P)
0

-2,568

(*)
0
2

-10
p)

-3

0
0

-53
14
P)
0

P)
1

P)
P)

Pi
0

P)
P)
0

64

179

-314

-2
0

0
0
0
0
0
0
0
0
0
1
0
0
0
-9

0
0
0
0

p)
0
p)
0
0

p)

0

0

o
o

o

?' .:
(*)

o
o

10

0
0
o

0

1A

8o
o
o
0
o
-1

p)

o
0
0

u
Q

o

8
(*)
G
0

p)

H

u
1

c
o
0
(]
f\

u

p)

p)

2

93

SURVEY OF CURRENT BUSINESS

August 1991

Table 13.2.—U.S. Direct Investment Abroad: Equity Capital Outflows, 1989
[Millions of dollars; inflows (-)]
Manufacturing

0

0
0
-2,044
-705
0

(°)

(P)
0

...

Latin America and Other Western Hemisphere
South America

Argentina
Brazil
Chile .......

0

772
979
434
110
253
148

Colombia
Ecuador

0

Other Western Hemisphere ..................................
Bahamas
Bermuda
........
Jamaica ...
.
......
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands, Caribbean
Other

A

-24
(P)
-4
-391

8
0
(*)
0

(

5

5

-11
-13
(*)
66
0

o

71
0

o

-216
n

3
0
3
0
0

-4
-51

-18

-86

,
_

-25
7

-15
0
0
0
o
0
o

13
-203

-188

3
-9
8
13

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 11.1.

D




0
3

5

397
397
0
0

-5

-1,160

124

618

<%

8

(P)

589

0
0
0
0
0
0

o
0
0

o
0
o
-4

8

0

(°>
(°)

19

0

0

S
0
0
0
0

0
15

0
0

7
0

8

o
0
0
o
0
o

o

-26
-12
0
-14

(P)

8
0
-2
(D)

14

6

Q

5
0
5

0
0
0
0

0

0

(*)
0
0

o

0
0
o
0
0
o
0
0
4
0
0

71
0
0
71
0
0
0
0

0
0

0
0

o
0
0
o
0
0

o
0
0
o
0
0

0
0
o
0
0

0
0

0
4
o
0
4
0
n

o
0
0
0
n

0
0
0

A
(*)
0

0
1
0
0
0
0
0

0

2
0
3
2

Ao

Po

o

o

1
0
o
0
0
o

15
-1

168

41

169

44

1
0
1
0
-1
0
0
o

8
8

0

-2
-2
0
0
0
0
0
0
0
o
0
0
0
0
0

3
0
0

16
0
0
0
0
0
5

-2
0
0

n

C
0
0
(*)
0
0

o

o

(P)

0
0
0
-1
o

0

0

0

2

Q

0
0
o
0
0
0
0

0
o

8

(P)

8

42

3
<3
0

-5
0
0
0
0
o
0
-5
0

0
-1
0
-1

0
o
0

c

0
0
0
4

38
$9
-4
1
5

-106
-106
0
0
-251

0
0

0

0
0
(P)

i

0
1
1,858

(P)

A

28

-136

0

0
0
I
-136
0
0

0
0

(P)

o
0

125
70
7
61
-1
0
2
0
1

8

1
283
341

P
80
0
0
-1

p

-3

188
0

o

(•)
0

0
0

8a
A

0

o

0
0
0
o
0
0
0

i

-60C

o
C

1(

0

(t

o
0

(P)
o

o
0

18
1
1
0
0

(°)
26
20
0
20
0
0
C
0

(*)

0

<>
°

0
o
0
0
0
0
o
0
0
-122

A
104

0
0
0

0
0
o
97

C

o
0
0
0
c
o
0
0

3
0
0
0
0
0
0
3

0
0
o
0
0

0

0
0

o

<
0

i

(

<)
°

0

4

8
2

(

0

0

0
1

5
0
o
5
0
0

1
1

26

0
0

l{

5

^™

-25

0

0
0

0
0
48
0

131

(p
iu

0
306

(*)
0

(°)
(D)

-36

H

0
(Pi

-578

-31

<P)

0
0

0
0
o
0
0

0

o

0
33
0
-131
C)
(*)

2
0

0
0
o
0
0
0

-2
0

-147

0
-49

4

0
0

0
0
o
0
0
0
n

0
-42
0

1,995
1,712
-438
2*216
2352

38

-160
0

o

751

403

5
5
0
0

ft

0
0
0

0

o
1
5
-4
14

-632
-628
0
0

1,057

oooc

-160
2
-35
-87
-40

(°)

-101
-142

Other
industries

Services

ooo

0
3
o

0

oooe

International
OPEC'

0
114
o
0
114

3

oooc

,

i-i

o

o

ooo

..........

Other Asia and Pacific
......................
Hone Kone
.....
......
India
..„.
Indonesia .
„.
Malaysia ............................................................
Philippines ...»
„...
...„„
Singapore
South Korea
Taiwan
„...
Thailand
Other

Addendum

0
0

A

0
o
0
0
o
0

(P)

0

?
<*)
0

114
0
0

-2

-13

11

i

1346

3

(D)

0
9
0
0

-64
-64
-3
0
5
-9
0
0
0
0

512

oooc

. ..

o
0

o

0
547

> ooo

Middle East
Israel
Saudi Arabia
United Arab Emirates
Other
.
.

.....

o

0

-I

0
-5

0
-40

o
o
0
o
0

0
0
-4
-15
4
(*)
0
5
-24

0
35

387
331
61
185

£££

Other
Sub-Saharan .......
Liberia
....
Nigeria
Other ......

42
0

122

0
(p)

8

?

0

-144

-43
-3
-3

„«........„„...

<D

0

307

8

Q

Other Africa
Saharan

0
0
0

-168
-47
-44

270
-25
71
-611
0

-72
4
2

8

165

1,514

<°)

££

275
194
89

-586
10
0
-62
-888
0
362
15
43
-2,319

150

527

<P)

oooc

-4

Other
Central America
Mexico
Panama
Other

-2 202
-2,202

289
436

oooo

Developing countries

o

-676
35
278
128
-370

„

-3,517
-3,445

(D)

3333

(D)

Australia, New Zealand, and South Africa
Australia
New Zealand
South Africa

-145

banking

,3
33

60
4

-703

(°)
(D)

Finance
(except
banking),
insurance, and
real estate

3OOO

.

Switzerland
Turkey
Other

-757

ooo

.

15
-106

ooooo

....

-1303
-1,658
-3

Wholesale
trade

Other
manufacturing

o33

United Kingdom
Other Europe
Austria
.......
Finland
Norway
Sweden .

16
101
-1,735
-709
2
2

-1351
-1,658
1,961

Transportation
equipment

ooo

Luxembourg
Netherlands

-2 721
-2,015
0
0
0

-831
-119
-1
-61
-21

Electric
and
electronic
equipment

ooo

.,

(D)

-3 422
-2,714
-99

.

Machinery, except
electrical

Joooo

Europe
European Communities (12)
Belgium
Denmark
France
Germany, Federal Republic of
Greece
Ireland

-5,462
-5302

-1,194

...

Primary
and
fabricatcd
metals

=333

Canada

Chemicals and
allied
products

Total

-1,472
-5,257

All countries
Developed countries

Food
and
kindred
products

3OOOO

Petroleum

All industries

-4

IP)

SURVEY OP CURRENT BUSINESS

94

August 1991

Table 133.—U.S. Direct Investment Abroad: Equity Capital Outflows, 1990
[Millions of dollars; inflows (-)]
Manufacturing

-

„

Latin America and Other Western Hemisphere
South America
Argentina
Brazil
Chile
'..
Colombia
Ecuador
Venezuela
Other

„

Central America
Mexico
Panama
Other

„

„

24

0
0

D<

< >
(D)

-435
111

8
-61

o

(°)
0
o

g

„

...........„....„..„„,.-

D

-351

.......
„„

21
105
8
6
0
2
98
1
6
91

210
48
2
23
20
-59
-69
110
-49
-6
190
-158
149

Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1. table 11.3.
2. See footnote 1, table 11.1.




293
293
193
139
34
6
4
-3
0
12

32

(°)
(D)
0
0
0

o

o

13
-3
-5
0
0
0
0
2
16
16

8

o
0

o
o

0
0

o

0
-2
0
0
0
0

o

o

o

o

n

0

(O)

s

0
24

0
52
50
69

0
0
(D)
-78
0
0
-121

0
0
0

H

o
o

9
69
-103
4
-1

(**)

-33

26

0

.

0
0
0
....
9

(«?

26

i

0
89
0
-25

25
-5
7

5

38

13

0
0

o
-18

0
0
0
0
5

727

«o
0

1
4
-26
1

0
0
( )
0
2
0

4
-50

o
0

-28

109

8

<2
4

(Do
)

13
0
4
0
0

o
0
0
0
0

o
0
0
0
0
0
0
0
0
0

H
<>
°

(D)
-1
0

0
0
3
607

8°

0
21

8
0
0
0

o

5
5

-78
(D)

0

0

0

0

o
0

195

-15

319
162

-1,100

17

C15)

-1,054

(°)

(D)

7

60
22
11

0
n

0
n

0
n

0
n

3

136

-719

o
0

0

0
0
n

-305
0
-353
0

(*)

0
0
0
DO
0

0
0

0
0

0

0

(F)

0

0

•"3
8

4

o

o
o

-9
4
0
0
0
0

8
8

0
0
0
0
0

0

0
0
0
0
0
0
0
0
0

0
0

0
0

4
0

<>
p

0

-2

•3
29

0

32
13
0
0
(D)
0

0
<•>,
0

Q

()

-8
-3
0
0
0
0
0
0

-13
6
0
0
1
0

-8

o

o

0
0
0
0
0
0

8

o

0

o

163

<°>

0

<P)

(P)
Q

o

o

0
2

(°)

o

8

0
0
0
0
0
-1
-1

(°)

71

o

0
0

0

H

(*)
54
33
0
0
3

0

-25

o

o

0
0
0
0
0
0

0
6
0
0
0

<2
0
1
0

(°)
(°)

o

tD\

139
106
8
0

(*)
53

25

tD\

101
140

i

/D\

0
17

717

(°)

$

(D)

D

21
4

30
73
0
0

(°)

-4

8

0
0
0
-9

68
35
0
4
-76
0

(•)
0
0
(*)
0
0
0
0
0
6
6

3
0
0
0
6
0

8

0

0
0
-9

0
0

n

-3
6

11
0
0

(°)
(°)

0
0
-1

5
-37
0
-77

4,825

0

14
24
0

84
0

8
0

58
84

50

o

0
0
0

23

-S2

0

o

9
0
0
0
0
9
0

192

(D)
215

4,198
5,298
241

0
0

0

o
88
5
3
0

-89

3

0
0
0
0
0
0
0
0
0

0
0
0

-37

632
313

0
n

o

0
n

0

(°)

(°)
(°)

8

0
0
0

8

D
?
((°))
-166

<.»........„......,......•.....»...
.......................
_
...... ......

2

-599
289
-305

(

„

«o

24

-189

„

0

<°)
(D)

<p)
(°)

) OOOOOC

.......
„

0

0

0
0
0
-2
0
0

o

oooc

„...

8

(°)

H

0

-175
-54
-54

o

60

<p)

3
0

-115

296
157
56
43
-7
8
0
24
15

0
0
0
-47

0

o

<">

8
o
8

oooc

Addendum OPEC

0

oooooc

Other Africa
„
Saharan
Eeypt
..............
...
Libya:
.:™ ' . ...z"
Other
Sub-Saharan
„
Liberia
Nigeria
Other
'. !.."."!"!!!
Middle East
Israel
Saudi Arabia
United Arab Emirates
Other

International

0

-50
-176

127
495
365
-3

Other Western Hemisphere
„
.....
Bahamas ....
........
Bermuda
..
Jamaica
Netherlands Antilles .
Trinidad and Tobago
United Kingdom Islands, Caribbean
Other

Other Asia and Pacific Hong Kong
India
Indonesia
Malaysia
„
Philippines
Singapore
South Korea
Taiwan
Thailand
Other
„

o
0

DOOOOO<

New Zealand
South Africa
Developing countries

173
105
68
0

0

0

(°)

(°)

* ooa

-66

8

4

0

Australia. New Zealand, and South Africa

0
0

91
106

Other
industries

0
0
D
o

0

0
0
0
0
W

-40

0

3
3
0

8
0
0
0

o
(D)

8
146

Q

25
2

-5
0
0

18

8

0

5

31

0
0

0

-3
0
0
<")

0
0
0
0
0
0

H

1
1

o

8

o

o

0

0
A

3
OOOOOOOOO C OOOOOC

14

(P)
o

344
148

O O O O O O O O O vPoooooi

8

Austria .... ..
........
Finland
«
Norway
Sweden
*
Switzerland
Turkey
Other

289

155

Services

(*)
(*)
ft

ooooooooooo c

-465

125

-20
174

172

Finance
(except
banking),
insurance, and
real estate

3000 O O O O O O O O O v

0
1,076

-65

-65
-115

ooooooooo

Luxembourg .............................MM.....................
Netherlands
Portugal
Spain
.
United Kingdom

129
181

-505

-123
208
97
-13
0
24
703
0
8
-5

0

439
441

Banking

=33

France
Germany'
Greece
Ireland

-160
-55

DOOOOO

„....„.

European Communities (12)
Belgium .

-107

-621

Other
manufacturing

DOOO

88
447
912
0
0
0

2,809

Europe

-589

323
30

Transportation
equipment

Whole*
sale
trade

r>ooo ooooooooo D O O O O O *

198
535

389
5.891
3,081
158
55
110
882
-7
69
-237
-190
108
-23
101
2,054

Machinery, except
electrical

DOOOOOt

6,17!)

6387

„

Chemicals and
allied
products

Food
and
kindred
products

Total

3OOO ooooooooo

All countries
Developed countries
Canada

Pctroleum

Electric
and
electronic
equipment

3OOO

All industrics

Primary
and
fabricated
metals

0
o
183
0
0
(D)
0

<°)

0
0
0
( )
D

(°>
-1

95

SURVEY OF CURRENT BUSINESS

August 1991

Table 14.1,—U.S. Direct Investment Abroad: Reinvested Earnings, 1988
[Millions of dollars]
Manufacturing
AU industries

All countries .
Developed countries
Canada ,
Europe
••
.....»..,
European Communities (12) ....
Belgium
Denmark ,
France
>....
><
Germany, Federal Republic of..
Greece
Ireland .
Italy
Luxembourg ....
Netherlands
Portugal
Spain
United Kingdom .
Other Europe .
Austria
Finland .
Norway
Sweden
Switzerland .
Turkey
Other
Japan .
Australia, New Zealand, and South Africa
Australia
New Zealand
....
South Africa
Developing countries .„„„„ ...» .....„.„„..„„„„.
Latin America and Other Western Hemisphere .
South America
Argentina

Other Western Hemisphere ....
Bahamas.
«
Bermuda.
Jamaica ,.
Netherlands Antilles .
Trinidad and Tobago
United Kingdom Islands, Caribbean .
Other
Other Africa
Saharan .
Other .
Sub-Saharan
Liberia
Nigeria .
Other

,

Middle East ......
Israel
Saudi Arabia
United Arab Emirates .
Other .
Other Asia and Pacific .
Hong Kong ..'..
India .
Indonesia ..
.
Malaysia....
Philippines ..
..
Singapore .
South Korea
Taiwan „..
Thailand
Other

13,327
10,830
2.297
6,048
6,702
652
24
940
-15
39
667
594
37
1,216
45
616
1,887
-654
-72
12
244
63
-894
10
-16
1.423
1,063
1,002
32
29
2,945
2,174
935
-95
1.110
178
-254
-17
-86
129
-29
1,134
827
239
67

Petroleum

8,762
6,018
1,389
3,449
3,635
444
14
825
-125
16
408
489
24
347
7
423
762
-185

1,176
756
350
284

396
191
268
-232
-274

569
1,255
1,233
324
267
-36
9
156
276
(D)
27
(D)
73
150
22
-2

279
-7
6
3
12
0
9
18
39
1
53
152

-6
22
44
-241

317
302
9
7

-30

2,744
2.054
1,239
-106
936
151
146
12
773
712
20
42

102
84
2
16
419

482
216
-10
166
15
17
-1
(*)
27
2
244
224

366
306
8

226
125
39
~5
7
21
-7
10

\%

1

173
53
43
29
48

140

-294

* Less than 5500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. Sec footnote 1, table 11.1.

-14

Banking

1,474
988

215
192

1303
1,242
339
759

313
-48
-3
-43
2
25
-11
-23

408
42
7
117
87

267
501
835

136
3

280
64
4
101
116

12
12
2
-3
11

(°)

(°

179
3
92

-1
21
96
298

-334

P)

-211

(°)

-186
42

i

i

(°)

&
-105
132
132
(*)
0

2

8

99
0
13
87

8
8
(*)
437
76
13
128
97
-227
76
194
58
15
269

(°)

8
(*)
(*)

208
4
44
7
1
31
&D
()
63
5
7

15
5

9
()
*
204

62
52

122
0

29
3
3
(*)

()
1
0
0
31

-I

8D
<>
0

748
686
163
473
381
5
29
-17

8
98
9
16

0
180

(°)
-239
351
4
0

<3
P

323
0

77
76
-14
15

92

1
84
2
1

39
37
(*)

151

125
123

Finance
(except
banking),
insurance, and
real estate

Other
manufacturing

225
74
-117
179

(°)

I

2

6
3
0
2
4
0
0
0
0
0
1
3

113
13
10
0

Addendum—OPEC1

0
112
107

Transportation
equip-

524

-309
-130
-140
2
9
-179
13
-346
154

907
528
75
-121
170
139
-129
167
249
-175
4

2
140

Electric
and
electronic
equipment

s

656
654
31

-448




29
-43
0
101
4

Machinery, except
electrical

105
-154
205
81
106
-13
-168
49

International.

D

574
64
467
426
21
3
43
-27

Chemicals and
allied
pitxiucts
3,100

Food
and
kindred
products

Total

Primary
and
fabricated
metals

1
()
*
()
*
0
0
2
0
0
2
43
45
-2
0
0
45
37
I
-1
113
21
-286
53
63
42
2

145
56
4
31

420
208
-37
183
4
24
3
2
28

()
*

C)

203
197
(*)
-3
0
0
0
0
0
0
0
0
2
1
0
0
1
0
0
1

8
0
0

-249
1
-252
2
-32
-223

(°)
(°)

0
(*)

174

7

A
283
6
275
-195
-11
119
()
*
46
()
*
-350
(*)

82
9
65
5
(')
(*)
()
*
(*)
5
2
45
4
1
4
38

-30
-2
-2
0
(*)
-28

3
1
0
1

C)

0

1
1
()
*
-84
-81

-30
1
-52

0
0
0
0
-38
0
1

335
111
()
*

I

44
107
4:
(D

0
6

-25

-3:

223
211

(^
-8
(*)

-27
()
*

August 1991

SURVEY OF CURRENT BUSINESS

96

Table 14.2.—U.S. Direct Investment Abroad: Reinvested Earnings, 1989
[Millions of dollars]
Manufacturing
All industries

All countries
Developed countries
Europe .......
European Communities (12)
Belgium
Denmark
France
Germany, Federal Republic of ..
Greece
......................
Ireland
Italy ...."
."."
"
Luxembourg
Netherlands
Portugal
Spain
United Kingdom
Other Europe ....
Austria
Finland
Norway .
Sweden .,
Switzerland .
Turkey
.....

Other .."

."Z

ZZZZZ."

Japan
Australia, New Zealand, and South Africa
Australia.
New Zealand .....
South Africa .
Developing countries
.„
Latin America and Other Western Hemisphere .
South America
s

?

3

Brazil
Chile
Colombia ..!
Ecuador
»

**.

....

Venezuela
Other
Central America
Mexico .
Panama
Other

!

....

Other Western Hemisphere
Bahamas ....
Bermuda .,
Jamaica ...
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands, Caribbean ,
Other
_
Other Africa
Saharan
„.....,.,,
Egypt :
Libya
Other
Sub-Saharan
Liberia
Nigeria
Other
Middle East
Israel
Saudi Arabia
United Arab Emirates ,
Other
Other Asia and Pacific .
Hong Kong
India
!
Indonesia
Malaysia
Philippines ,
...
Singapore
South Korea
Taiwan
......
Thailand .„
Other ...:
International
A d d e n d u m — O P E C 1 ..
.

Total

22370
16,594
3,287
10,857
9,196
449
-4
1,131
1,800
24
741
626
115
1,543
74
1388
1.307
1,662
51
32
141
180
1,281
-2
-21

13,708
9,978
2,123
6,173
5,964
208
-13
789
1375

955
1,495
1,245
101
149

757
924
698
111
115
3,730

5,746
3,237
1,627
-182
1.748
212
-226
16
-110
58
109
1,847
961
801
85
-236
-351
-646
81
292
20
293
75
184
134
129
-6
11
51
47
4
()
*
212
79
52
52
29
2.112
655
105
240
8
164
366
245
321
77
-70
29
439

* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. Sec footnote 1, table I L L




Food
and
kindred
products

PCBO-

393
447
58
674
53
1,214
759
209
39
4
19
125
22
-1
1

2.438
1,407
-163
1,280
81
122
9
4
985
868
66
52

Chemicals And
allied
products

Primary
and
fabric&ted
metals

696
229
42
55
44
-3

3,588
2,696
766
1,548

583
269
236

66
-5
-41

o

117
(D)
67
-230
12
1
0

468
383
182
21
93
2
21
2
-3
42
3
193
159
6
28

1,539
196
135
237
7
255
113

117
292

230
-12
-1
25
80
0
10
25
3
15
1
32
52
6

-3
()
*
6
2
-1
4
0
134

(•)

249
222
11
16
892

Machinery, except

1,749
1,257
-144
969

153
31

251
205
1
123
58
4

263
200

46
38

3
15
-1
D

8

(°)
56
3
0
54
0
-3
57
227

°

()
5
1.009
77
72
12
71
101
335
78
196
50

213

3,098

2,856
2304
514
1,612

587
U59

0
95
550
0
8

8

-2
6
0

207
5
3
0
0
9
0
-7
()
*
142
176
170

378

U87
27
(D)
259

3
99
131

8

(°)

205
89
415
26
2
4

Wholesale
trade

3,179
2,490
341
1,757
1,016
42
338
21
8
137
294
-2
119
57
741
24

°

36
661
2
57
121
12

8
247
266
-19
1

552

634

466

199

609

203

296
-55

3
-9
8
4
2
()
*
-1
-3

338
0
(*)
0
0
2
1

(°)
(*)

11
11
0
0

272
272
0
0

0
134
-5
70
6
0

1
7

Other
manufacturing

-24
12
127
-2
37
30
-2
56

-6
2
0
157
4
4

(*)
0
0
0
0
(*)
0
0
(*)
(*)
(*)
0
0
0
0
0
0
2
(*)
0
1
0
286
68

15
3
-2

194

8 3
8
(*)

315

523
233
-67
236
7
27
-1
4
24
3

822
444

Transportation
equipment

8

0
197
90
0
-80
190
()
*
101

76
56
2
18

0
-1
1
1
2
-6
0

Electric
and
electronic
equip*
merit

0

0
0
0
0
0
0
0
0

8
$(*)

163
153

-398
-524
98

4,015
3,225

-677
-477

2,910

Services

935
756
101
565
457
29

3
-99
-64
4
-2
-17
21

i
0

3

154
108
1

-357
-201
(*)

C)

<2

-198

-110
165
170
-5
0
125

41
39
1
1
179

9
240
2
215
25

148
9
151
6
1
(*)
(*)
-18
(*)
-8
-13
3
3

i
-i

i

-60
-5

191
34

-170
-339
2

8

10
10
(D)
6
0

138
24

2
2
2
0
0
1
0
0
1

17
15
13
2
0

8
o

1

8
(4
(*>
6
8

0
0
0
0
0
22
0
1
0
0

Banking

Finance
(except
banking),
insurance, and
real estate

420
216
(*)

-13
2
-8
-1
-6

157
38
36
8
2
38
-116
109
26

25
16
0

9
-5
C)
4

-29

-56

97

SURVEY OF CURRENT BUSINESS

August 1991

Table 14.3.—ILS. Direct Investment Abroad: Reinvested Earnings, 1990
[Millions of dollars]
Manufacturing
All industries

Petroleum

Food
and
kindred
products

Total

Chemicals and
allied
products

Primary
and
fabricated
metals

Machinery, except
electrical

Electric
and
electronic
equipment

Transportation
ment

Other
manu*
fac turing

Wholesale
trade

Banking

Finance
(except
banting),
insurance, and
real estate

Services

Other
industries

AH countries

22^50

4,055

8,903

1,359

2,494

590

584

1,052

1,078

1,746

3,066

-1383

6,174

885

549

Developed countries

13,378

2,460

6,001

1,070

1,680

259

1,198

2,204

-1,656

3377

-108

3

52

216

-523

260
-17

1,055

-182

479
151

136

-13

155

40

-158

709
67

-182

888
842
21
25
44
78
0
47
105
0
132

1316

833
711

330
287

738
739

1,059

1,746

-1,628

3,678

1,003

1,105

-1.254

2,208

(°)

86
4
226
-35
-3
122
98

193
27
339
100

Canada

12,110

2,192

5,428

European Communities (12)
Belgium
Denmark
Fiance
Germany *
».,...
Greece
Ireland
"......"...„...„
Italy
„„
Luxembourg
„
Netherlands
Portugal
Spain
...
......
United Kingdom

9,193

1,384

5,136

661
143
907

8

206
32
558
526
3
536
682

Other Europe
Austria
Finland
Norway
Sweden
Switzerland
Turkey
Other

2,916

.....

40
911
1,050

-73
1,895
90
1,390
1,164

207
-5
508
.........

,

95

.

2,053

Japan

..,....*.„,„.,

Australia, New Zealand, and South Africa .
Australia
.
New Zealand
„;
South Africa

-6
51

(°)
510
3
(D)

(°)
(D)

379
-15

-104

723

" "
..........««..»........M....^....
„

Central America
Mexico
Panama
Other

„„.....

1,909
1,022
768
120

41

1,403

88
D

( )
346

(°)

171
174
163
-4
15
-3

..„

Liberia
Nigeria

18
102

2^02

Other Western Hemisphere
Bahamas
Bermuda
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands, Caribbean
Other
„
Other Africa
Saharan
Eevot
Libya .........................
Other

-337

„,.«

',

"Z

Middle East
Israel
Saudi Arabia
United Arab Emirates
Other

Z...
„
„!!!

rt

-78
748
98
404

113
133

Other Asia and Pacific
Hong Kong
„...,.....
India
„.
'„[
]
Indonesia
Malaysia
Philippines
Singapore
South Korea ...................................................
Taiwan
Thailand
Other
—
International

„
.

...

2,560

488
113
451
144
118
564
202
341
160
-19
234
1,106

* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1. table 11.3.
2. See footnote I, table 11.1.




13
26
524
3

8
82

1
( D)

4
13
102
138
141
-7
4
-35
2
110
-147
361
34
133
189
596
4
6
455

8
57
(*)
1

(°)
-42

256
29

695
292
51

258
46
3

208
12
7

74

-169

15
(*)

135
92
-I
(*)
-10
580
534
3
44

83

-1
16

1.628

(°)
41

C3)

58
-1
38
58
I
44

3
102

410
-196
-28
60

'.',

„

(°)
(*)
53

58
155
0

8
123

5,157

16
848
236
151
12

(°)
0

58
1-221

2,902

1,046

264
249
15
6
22
66
0
2
-8
-1
79
1
-6

M70

„.

Addendum-OPEC*

184
3
1
(D)
5
131
1
9
883
809

8^37

Latin America and Other Western Hemisphere .
South America
Argentina
Brazil
Chile..
Colombia
Ecuador
Peru
Venezuela
Other

53
5
380
1,070
1,026

Developing countries

Other

1,015

-19
-3
186
157
7
264
126
-12
286

1,305

652
-20
490
53
128
12
-3
-14
6
908
860

0
<*)

o
(D)

95

(°)

3
288

229
39
-7
5
5
39
2
-5
5
180
152

3
1
1
5

t*\
\ i

0
3

g
o

54

316
75
189
(*)
26
2

33
10
(D)

28

(5I

0
-1
0

-9

0
53

1,015

12
76
15
93
97
423
29
215
46
9

8
4
1
19
6
16
3
2
0

(°)
o

(*)
o
o
2

23
3
168
163

4
-2
-1
43
36

1
27
27
0
0

(*)
0
0

(*)
0
0

-1

-1
-2

325

39
5
0

229

-1
8
15

77

<°)

22

6

(°)
5

524

9
0
0

3
4

-1

(°)

(°)
41
(°)
3

32

0
4
8
1
0
0
1
7
0

43

(°)
1

51
41
3
8
111

68
5
0
26
10
-2
4
26
31
8
5
0
3
23
0

(D\
/D)

-4
3
6

(°)
0
0
2
0
-1
3

8

0
-9
135
-2
48
6
1
46
-1
-5
24
10
9

o
0
0
0
9
(*)

o
0

(*)
g
0

177

3

191

425
182
-31
113
30
42
5
-2
26
-1
228
223

5
-216

13
(Cr\

2

o
-53
C)
220
220

0
0

P)

o

0
(•)
(•)
(*)

0
0

o
0
<*)
0

0
268
19
14
(*)
1
0
172
-3
65
4
-4
3

(°)
(°)
0
0
5
0
0
5

(°)
-8

'
1

0
0
14
0

-1

125
-6
10
8
12
8

(°)
0
0
2
-5
6
2
0

78
21
251
3
29
24

..„„..

(*]

11
86
2
-6
.....

-51

260
75
47
-13
-1
(D)

25
9
41
40

8

H

-2

0
0

(°)
-3

71
88
-20
2
863

0

0

0
394
-10

(TJ)

318
7
89
-58
641
162
7
13
-51
475
29
5
232

144
41
28

0
1

<)
°
$0

12
76

15
0
0
2
0
1
0
13
1
2
1
0
1

0
0
0
0
0
0
4
3
3
0
0
1
0

2

(*)

138
139
-6
4
23

0
1
3

125
760

43

o
0

(*)

-1
2
5
4
0

(°)
()
*

o
0

0
0

(°)
(°)
(1
*
)

11
5
37
-3
2
37
115
94
4
17
548

3
0
-6
/*)
\ )

-53
1
2
(*)
-1
792

315
269
5
270
(*)
(*)
(*)
(*)
-5
0
41
39
0
3
4
0
0

55
6

0
0

o

0
(*)

-1
9

(*)
0
0
25

47
404

(D)

123

(F)

49

(°)
150

-129

12

(°)
(°)
1

46
0
3

50

20
127
123
-A
9
814

3
5

J}

8 -2

0
-32
47
0

_2
-2

(D)

(°)
17
9
9
(*>
(*)
g

25

$
-3
560
198
I
(°]

(°)
$
TJ

77
124
23

....

38

37

—
I
-118
-102
(D)
(TJ)

22
46
-27

P>

41
-1,086

54
256
-2

138
(D)
524

43
0
198

(°)

3
-36

707
1,470

-378

1,503

8

-76
9
12
-4
0
273

103
241
63
114
63
4

68
60
-1
—
1

626
554
37
-1
49
-16
2

260

-375
-3

8

83

(D)

67
(*)

(D)

51
90
72

-33
0

(°)
(*)

6

3

0

1
1
2
14
13
-1
2
176

186
-129
-128

-8
6
2,597
2^90

179
147
-1
153
10
1
(*)

-6

79
7
-26
99
-5
-1
(*)
6
(*)
470
32

-15
C)
9
3

-121
1

432
5

3
3

-11
-S3
2
(*)
(*)

1,742

23

(°)

8

-127

47
23
-31
6
6
0
1
-37
-2

8

-li
2

3

(°)

49

1,333

(*)
115
3
249
-6
42
-1
-I
0
0
43

8

137

8
8

212
-39
33
17
13

127
203

46
105

—^
5

-i
;
(&

(°!
6
•:

8

144

2
10
0

(°)
(*)
4
2
-1

c
I

i
-28
(*;
_£

-5
21
24
0
_]

(*'
•

8
-1!
;
(•

( * )

30

(p)
-I

.............

-39

(")

(°)
29
1
15

-66
7
3

<)
°
3
4
-1
3

(D)

127
38

(°)

356

287
49
-4
10
5
-4

h
(°)
(*)

84
89

9
-14
155

g

2
1
1

(°)
5
13
4
(*)
8
-7
-8
(*)

36
4
3
28
85
(*)

(°)
3
(°)
8

1
-1
2
-45
110
-3

SURVEY OF CURRENT BUSINESS

98

August 1991

Table 15.1. -U.S. Direct Investment Abroad; Intercompany Debt Outflows, 1988
[Millions of dollars; inflows (-)]
Manufacturing
All industries

10,665
3331
329
2,670

All countries
Developed countries
Canada
Europe
...«
European Communities (12)
Belgium
France
Germany, Federal Republic of ..
Greece
Ireland "
!
""....
Italy
Luxembourg
Netherlands
Portugal .
Spain
United Kingdom
Other Europe
Austria
Finland
Norway
Sweden
Switzerland
Turkey
Other
Japan

2,905
-28
<D>
810
-740
15
79
(D)
403
565
43
-200
1,972
*-235

Australia, New Zealand, and South Africa ......

New Zealand *Z..J..ZZZZZZZ!ZZZZZZ1"ZZ".
South Africa
Developing countries .„

„

-13

21
6,848

Total

2,362

-248

1*538

-811

746

-457
^20
49
2
101
(D)

Chemicals and
allied
products

-278
-209

819
739
46
626

396
187
190
-22

-780

661

Food
and
kindred
products

()
104
-15
65
(D

91
108
17

,"3

8 i i

1
4
11
2

&
72

14
-200
34
-37
-18
4"

46

,
ZZ

..

Other Western Hemisphere
Bahamas
Bermuda
Jamaica
,.
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands, Caribbean
Other

<°)

1

Addendum—OPEC1




()

<°>

-53

55

306
-AS
338

(°)

8
-16
37
(D)
-42

28

384
358

280
178

-293
-285

-248
-262
-14
-20

-3
301
619
-131
-14

()
4

()
-160
0
D

I
16
-2
9
-18

°

(*)

C)
(*)

D

Trans*
ponation
equipment

Other
manufacturing

Banking

(°)

1

Services

45

h

S

(:
0
21
-3

25
56
73
-319
105
12

8
0
(*)

-9

1

0

63

3

8
-9

224

-6
-21

a

-36
-4

Finance
(except
banking),
insurance, and
real estate

402

8D
()
<")
<°>

-83
-11
-69

117

Wholesale
trade

-568
-559

209

-69

296

316

Electric
and
electronic
equipment

Machinery, ex*
cept
electrical

16
563

102
104

()

-14

3D

-16

8

l
-47
5
30

-26
(D)
0

()

-5
-5

8
<>

-1
0

8

-16
-1
1
0
-3
-15
0
(*>
-15
-53
-23
-26
0
-3

-32
710
228

336
30
-1

-15
(D)
0

<°)

8
8
(°)

-285
-208
-110
33
5,754
-19

-35
-21
-II

<)
-1
105
-26
184
-4
-55

-271

-77

6,036
D

16
52

<)
20
(D)
-9
333

(°

106

313
-2
-1
114
-5
-19
21
63

24

775

877

-12
254
29
D

(°)

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 11.1.

D

214
-273

0
63

20

§D

0
(*)

(°)

(°)

D

Other Asia and Pacific ...,
Hong Kong
India
Indonesia
Malaysia
Philippines
....
Singapore
......
South Korea
Taiwan
„..
Thailand .
Other .
International.,

234

(D)
20

5,792

331

Middle East
Israel
Saudi Arabia
United Arab Emirates .
Other

<°)

25
(D)

Ill

8
(D)

601
160

-II
225

323
5

Latin America and Other Western Hemisphere .
South America
Argentina
Brazil
Chile
Colombia
Ecuador
peru
Venezuela
Other
Central America ..
Mexico
Panama .....
Other

-42
-616
9
3
798
34
26

Retroleum

Primary
and
fabricated
metals

<)

0

0
0
0
0
0
0
0

5

-18
0
0
-18

-1

-22
-22
-1
0

-11

8

-21
-6
(*)
-1
(•)

<3

no
17
-2
-30

-13

()

8

-17

95

(°)

(°)
a
(°

25
-51

(Dt

0
0

23

()
*

20
0

()
1
4

0
-23

-80
(D)

3

i

-305

99

SURVEY OF CURRENT BUSINESS

August 1991

Table 15.2.—U.S. Direct Investment Abroad: Intercompany Debt Outflows, 1989
[Millions of dollars; inflows (-)]
Manufacturing

15,491

All countries
Developed countries

10,155
-283

Canada
Europe...,
European Communities (12)
Belgium .
.
Denmark
.....................................
France
Germany, Federal Republic of
Greece
Ireland
Italy
"
'.
Luxembourg ............................
Netherlands
Portugal ......
Spain
United Kingdom
Other Europe
Austria
— —
Finland
Norway
Sweden
Switzerland
Turkey
Other
„
Japan
~
Australia, New Zealand, and South Africa
Australia
New Zealand
South Africa
....„

-

.,.„.........,,....
.

.......

Other Western Hemisphere
Bahamas
„
Bermuda
Jamaica
Netherlands Antilles
...........
Trinidad and Tobago
United Kingdom Islands, Caribbean
Other
... .
Other Africa
Saharan
Egypt
Libya
Other
Sub-Saharan
Liberia
Nigeria

„.

-

......
.....
„
...1

.....Z......

5,023
-59
115
-109
-71
48

.....„„.

„

453
741

(°)

123
941
963

369
806
(D)
-20
(**)
(^
(D)

-25
(D)
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8

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1,722
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(D)

2

(D)
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8

141

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(°)

5
C)
449

116
150
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8

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-112
-61
-88
-35
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2,049
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-2

ft

-8
(D)
-19
-173
-150
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(D)
-288
-96
-249
91
-242
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D
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8

303
300
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27

79
8
20
52

4,779
(D)
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4,984
60

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8

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-1

205
209
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C)
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1
32
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3
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46
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214
—
8
562
9
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-260
-36
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28
(D)
257
282

• Less than 5500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 11.1.




651
192

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23

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585
60
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521

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10
261

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78

-638

243

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ft

ft

-488

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160
-631
-635

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ft

(°)

316
319

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ft
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Chemicals and
allied
products

325
296
93

1,003
947

256
254

1,192
1,180

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124

8
8
ft

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1

0
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-217

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ft
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ft

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ft
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ft

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ft

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ft

ft9

ft
(D)
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$
(D)
136

ft
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54

0
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ft
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(*)

8

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3
2
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ft

5

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ft

ft

(°)

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industries

26
38

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13,183
8^20

356

611

(D)

(°)

203
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444

-298

Finance
(except
banking),
Services
insurance, and
real estate

Banking

212

193
7,773
7,933
148

(°)

(°)
(°)

35
35

495

343
328
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0
1°)

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o
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e!

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137
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212

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p)0

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75
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°

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i

469

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-58

0
0

0

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45
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130

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-50
-64

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14

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( )

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8

- 12

-32

Q
Q

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0

S

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ft

-1
-11

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ft

3
0
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1
3

o

-93

ft

(D)

8

Other
manufacturing

(

o

8

Wholesale
trade

?

_2

ft

0

ft

4
2

ft

(°)

ft

^0
0

-59

-1

ft

8

ft

H5

?

0
0
0
0
11
10
0

ft

Transportation
equipment

4

8

2
(*)
(*)
(*)

•S

ft

43
8
28

-52

(°)
0

Electric
and
electronic
equipment

Primary
and
fabricated
metals

Food
and
kindred
products

Total

19

-186

Middle East .......
Israel
Saudi Arabia
United Arab Emirates
Other
„
Other Asia and Pacific ...................
Hon g Kong
„
India
«....„«..„.......„..
Indonesia
«...
Malaysia
Philippines
...!"".
Singapore
South Korea
Thailand
Other
International
Addendum—OPEC'

199
-224
(*)
-68
-188
(D)
-99
-14
-525
11,293
-198
-74
-7
322
39
(D)
144
-104
-146
87
-46
5,079

Latin America and Other Western Hemisphere
South America
„...„
Argentina
Brazil
...
Chile
Colombia
Ecuador
,
Peru ....
...
.
Venezuela
Other
„.

.

10,596
296

8

Developing countries

Central America
Mexico
Panama
Other
„

10,398

Petroleum

ooo

All industries

0
0

(°)
l
76

(°)

8
(°)

<°)
-3

t

-4

(

(°>
0
(°)
247

<°)

(°)

100

SURVEY OF CURRENT BUSINESS

August 1991

Table 15.3.—U.S. Direct Investment Abroad: Intercompany Debt Outflows, 1990
[Millions of dollars; inflows (-)]
Manufacturing
AH industries

Petroleum

Total

Food
and
kindred
products

Chemicals and
allied
products

Primary
and
fabricated
metals

Machinery, except
electrical

Electric
and
electronic
equipment

Transportation
equipment

Other
manufacturing

All countries .

5,008

-271

-M33

1,429

-384

-2,075

Banking

1364

Finance
(except
banking),
insurance, and
real estate

Services

1,365

Developed countries .

Wholesale
trade

1,438

-3,497
-3,174
-362
90
513
-1,079
11
157
473
151
585
-35
-979
-2,699

Europe
European Communities (12) .
Belgium .
Denmark .
France
Germany 1
Greece
Ireland
Italy
Luxembourg
Netherlands
Portugal
Spain
United Kingdom .
Other Europe ,
Austria ..........
Finland Z
"Z
Norway .
Sweden
Switzerland .
Turkey ...
Other

-350

-2,764

-2,487

(°>
-642
0

H

.ffl
(D)
24
63
138
55

8

-1,025

0
0
1
0
D
( )
0
0
0
0
0

328

-324

8

0

0
0
8

(°)
;°)

1

(D)
0

J)

Australia, N e w Zealand, and South Africa .
Australia
New Zealand ....
South Africa

-17

Developing countries .
Latin America and Other Western Hemisphere .
...

„...

Central America
Mexico
....
Panama
Other
Other Western Hemisphere
Bahamas
Bermuda
Jamaica
Netherlands Antilles .
Trinidad and Tobago
„.
United Kingdom Islands, Caribbean .
Other
_
„

1,129
1,725
-98
1,832
-9

-2
-6
1
3

3,588

Japan .....

South America .
Argentina .......
Brazil .
Chile ...
Colombia .
Ecuador
Peru ...........
Venezuela
Other

-2,061

-2387

-125

114

4,293
101
-9
150
14
-29
-39
-9
-3
27

-30
-30

8
642

Middle East
Israel .
Saudi Arabia
United Arab Emirates .
Other
Other Asia and Pacific .
Hong Kong .
India .......:
Indonesia ..
Malaysia ..
Philippines .
Singapore
South Korea .
Taiwan ...
Thailand .
Other .

Addendum—OPEC ....

(°)
26
0
(*)

8D
(°)
()

174
61
0
154
13
-60
271

()
0
5
2
-138

8
-6
1

4
1

()
*
3,1"

14

O

()
9

8
i
3

559
433
96
31
3,633
-223
-321

(°)
(*)
<•$

-15

(°)
36
20
()
*
17

-4
(>
*
0
0
0
0
0

,774

8

-5
-5

4
-70
-36
-303
269
21
()
()
•

57
-268
-97
(*)
-415
76
-11
368

6
-21

3

-178

-15
-26

8

8

9
-102
83

-562

* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
1. See footnote Liable 11.3.
2. See footnote Liable ILL




(D)

1
-2,791

(D)
41
10
(D)
-31

-7

-2

International.
3

(°)
(*)
234

(D)

^458
-388
-389

Other Africa
Sahaian

s

114
-48
(D)

531

-24

-l
2
0
0

8
-30

101

SURVEY OF CURRENT BUSINESS

August 1991

Table 16.1.—U.S. Direct Investment Abroad: Income, 1988
[Millions of dollars]
Manufacturing

26,982
23,166
1,256
154
2,153
3,121
58
1,148
1,660
51
2,929
157
1308
9,170

Denmark
....»,
France
...
...............
Germany, Federal Republic of
Ireland
Italy
Netherlands
Portugal
United Kingdom

3,815
220
113
615
178
2,642
30
17

Austria
Finland
Sweden

Other ZZ.

ZZ.

2,857
2,303
2,063
82
158
10,950

japan
Australia, New Zealand, and South Africa
Australia
New Zealand
"...ZZ". "...
South Africa
......
Developing countries
Latin America and Other Western Hemisphere ......
South America
Brazil
Colombia
Ecuador .
Venezuela
Other
Central America
Panama
Other

„.

Other Western Hemisphere
Bahamas
Bermuda
....*.
Jamaica .......„...,..,.„„.„........
Netherlands Antilles
!
Trinidad and Tobago
United Kingdom Islands, Caribbean
Other

Other Asia and Pacific
Hone Kong ...

indil

Indonesia

*

Philippines
Singapore
South Korea
Taiwan
Thailand

Other

"!...

™
.................

7.

Z.

™z

„

"ZZ".

International
Addendum—OPEC'

2394
171
1 834
228
-108
19
-74
270
54
1,983
1,191
694
104




(F)
49
174
3

692
5
-1
2,128
663

1(D)

-14
630
663

2^30
385
71
153
77
-167
13
44
-8
162
157

502
327
869
154
-1,871
73
865
86
872
221
208
3
10
652
40
177
434

1
10
376
162
169
-6

781
86
461
92
142

414
8
175
76
155

4,413
1,139
99
735
405
240
854
288
346
275
31
97
1,763

* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 11.1.

D

3,087
25

153

S

25,427
20,248
3,888
14,015
13,569
793
30
1,498
2,268
19
767
1.383
34
927
69
1,028
4,753
446
27
31
130
261
1
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1,423
922
859
40
23
5,179
3,151
1,971
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1,438
164
146
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236
15
1,125
1,020
46
59
55
0
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6

214
1
189
24

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5
42
(*)

1

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2,294
1350

6,194
. 4,949
1,145

265
1378
1317
36
15
94
138
2
46
126
0
199
4
104
553
62
15
0
(*)

8
2
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183
23
68

8

445

294
154
7
47
47

429
195
10
298
375
321
688
86
5
1

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°
(*)
0

133
106

2
0
0
2
1
1
2
56
9

248

1,520
1,028
427
462
455
3
6
11
109
0
21
21
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57
1
54
179
7
(*)
0
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1
8
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2

289
428
397
9
23
1,245

29
110
89
2
19
492

746
372

385
320
9
171

258
21
32
-1

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34
11

151
17
13
0
4
133
0
14
120

(°)

3,085
3,000
557

Vlachinery, except
electrical

344
289

8
9
1
3
0

0

1
0
0

0
0
47

A
64
(*)
56
8
2
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0
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0
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1

14

(F)

n

H

(°)

2
(*)
1,629
160
86
18
171
144
613
104
252
65
16

(*;
54
7
10
10
6
0

473

39

95

S

4,483
3,683
2.823
2,827

4,696
3356
802
2,744
2,605

31

i

182

100

(F)
6
7

57
3
0
0
2
51
2
0
141
16
16
1
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44

i

0
97
753
0
3
7
(*)
(*)
(D)
-4
0
2
0
-2
110
84
78

o

i
0
65
—i!

(F,

i

277

21

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180

405

197
116
12
91

91
-66
5
3

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26
13
10

86
41
11
35

209
21
58

589
168
(D

55

70
2

8
&

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-629
70
752
(*)
-1,938
(*)
472
K

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23(

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51
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131
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184
85

2
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46

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1,187
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106
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366

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13
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5
950
1,247
20
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363

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822
716
10

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4

53
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3,435
2,188
63
9
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317
1
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120
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188

1,525
1,087
587
278
271
2
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21
79
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10
0
74
1
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88
7

61
1
301
290
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11

395

0
0
0

1.298
121
93
42
52
972
10
8

1,264
1,084
188

4327
1,170

50
(*)
257
257
0
0

76

13
11
0
3
4
0
0
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3
2

24
170
(*)
672
40
123
364

5,434

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246

C

10

3.495
2,197
283
62
278
182

2,735
1384
63
1,187
1.139
79
-1
27
115
37
1
-18
5
11
24
96
762

368
-25
-16
1
2
8
2

652

1
12
12
0
0

139

5,163
798

722
408
-25
323
8
34
4

94

0

9
118

6,161

Other
industries

Services

1

258

(F)

s

linking

840

5
800

224
0

6
404
417
5
194
219

Finance
(except
banking),
insurance, and
real estate

645
225
204
10
10
999

929

(F
3

666

429

1
(*)

1
275
28
49
11
4
4S

Other
manufacturing

539
481
13
-1
22
151
2
28
12

2
441
505
0
177
612
-3
87

Transportation
cquip-

1,819
890
194

4,422
3,993
388
2,984
2,884

-oooooo

Other Africa
Saharan
Egypt
t
Libya
Other
Sub-Saharan ,„
„..„ .,.„..
Liberia
„
Nigeria
Other ...!«".""""!"!"""!!".!"!...!!!!!!!!!!!!1!...™!™!
Middle East
Israel
Saudi Arabia
Z
United Arab Emirates
„
Other

4,884

7^90
5,596
553
3,749

Chemicals and
allied
products

Wholesale
trade

ooo ooooo

39389
7,247

Food
and
kindred
products

Total

Electric
and
electronic
equipmerit

333

50/437

AH countries
Developed countries
Canada
Europe
.......
European Communities (12)

Petroleum

oooo

AH industries

Primary
and
fabricated
metals

2]

(

2(
(
(*

2
(
(*
111
3.
l:
1;
1
(*
7

61

H

3
543
418

i:
35
15

I

19

135
134
t
0
1351
747
198
50
134
-6

-1!
-2!
19

c
(•)
(*)

t
c
l

39
(*>

{

1
(*

159

-70
(D

ft

(F
637
19

274
236

15
6

1

X

38
16
(*

(*

V
C

154

-68

8S
5

i
P

-13
-1
-10
3
-5
239
81

30
6
4
5
4
13
33
114

SURVEY OF CURRENT BUSINESS

102

August 1991

Table 16.2.—U.S. Direct Investment Abroad: Income, 1989
[Millions of dollars]
Manufacturing
All industries

All countries ....
Developed countries .
Canada
Europe
European Communities (12)
Belgium
.„
Denmark
........
France
Germany, Federal Republic of ..
Greece
Ireland
Italy
Luxembourg ..
Netherlands ...
Portugal
Spain
..
United Kingdom
Other Europe ,
Austria
Finland
Norway
Sweden
Switzerland
Turkey
Other
Japan
Australia, New Zealand, and South Africa
Australia
New Zealand
„
South Africa
Developing countries
Latin America and Other Western Hemisphere .
South America
,
Argentina ,
Brazil
Chile
Z
Colombia
Ecuador ............
Peru
Venezuela
Other
Central America
Mexico
Panama .......
Other
Other Western Hemisphere
Bahamas
Bermuda
Jamaica
..„..,
Netherlands Antilles
Trinidad and Tobago
„
.„
United Kingdom Islands, Caribbean ,
Other

53,997
38,901
6,594
27,216
22358
U23
154
2,232

Food
and
kindred
products

Chemicals and
allied
products

Primary
and
fabricated
metals

25,682
20366
4,106
13358

2369
1,706
282
1,095

5,897
4,699

1303
838
355
372

12,916
556
16
1.630
2,733
12
673
1,133
80
916
67

,.0,J

Petroleum

7,637
4,414
454
3386
2.290

UN
1.146
1,481
155
2,828
113
1,523
7,751

29
159
81
67
84
0
152

U75
3,826
442
59
9
22
211
132

4,858
233
109
760
275
3,452
24
4

349
64

Other Asia and Pacific
Hong Kong .
India
Indonesia .....
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand .
Other
,
1

Addendum—OPEC ....

33
1
1
7
4
17
4
0
473
419
35
19
1,198

1,417
864
238
396
363

365
-7
4
29
121
0
24
25

(°)

5316
3,655
2,197
-108
1.939
95
143
13
10
96
10
1,400
1,270
67
63
58

(°)
0
18
3
<*)

555
332
22
197
4
45
-1
55
7
215
179
6
29
9
0
0
4
2
1
1

658
99
329
96

0
o
0
0
0
0

2,025

6,240
4,917
426
3,665

2325
84

2,185
252
83
450
116
9
34
217
(*)
624
13
122
266
1,480
144

()

(°)

6

?

1.294

13
0
0
9
0
(*)

67

1
33
3
391
323

1.352
160
82
19
81
148
448
98
240
53
24

100
10
(•)
40
6
21
13
0
60

230
7
104
861
88
8
9

301
1
213
60
7

177

8
27
906
777
478
-53

()
0

16
(*)
59
49

8
377
377
0
0
0
0
0
0
0
0
0
0
3

8

l
0
304
80

H

0
133
.5
73
6
0

0
0
430
-8
I
57
22
248
30
58
23
2

8

0
0

1
0

D

-29

1,429
474
93
219
142
-1
-59
-7
27
(*)
23
1
74
3

44
1,193

(°)

459
368
371
-8
5
1323
579
58
-7
11
13
15
1
18
5

175
177
-2
0
955

1
5
0
0
0
1
0
1
2

354
36
158

<°>

1
14

(°)

Services

9454
6,436

1330
1,064

662
5374

185
756
629
42

3.940
283
17
89
344

972
4
(*)
1,705
1,634

107
94
80
4
10
3,417
2,936

312
34
237
37

i

C)

8

Finance
(except
banking),
insurance, and
real estate

0
25
14
1392
0
4

284
270
76
-247
2

si
286
26

26
7
6

2
0
0
1
0
0
1
0
0
0
0
0
79
0

Banking

. 3
8
40
3
2

843
761

o

-5

(°>

C)

20
465
360

328
-46
288

169
217

184
176

8

1,432

4,704
3,798
920
2,612

-24
58
33
9
0
1
1
20
2
0

o

4,951
1349
122
1,103
329
276
740
304
409
278
42
262

5,052
4,209
803
3.034
3,021
0
110
806
0
8
5

•i

134

Other
manufacturing

-23
25
152
(*)
47
41
5
69

55
1
34
75

Wholesale
trade

Trans*
portation
equipment

205

1,286
999
141
146

3,101
1,522
1,466
113
2,219
-128
2,501
187
-1,453
66
827
219

• Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
I. Sec footnote 1, table 11.1.




13
135
569

1,616

2,576
2315
2,102
161
253
14^34
8,326
3,006
2.546
261
-15
47
-101
139
127

899
322
314
-7
15
577
46
284
247
Middle East
Israel
Saudi Arabia
United Arab Emirates .
Other .

1,146
2,874
2,841
348
(D)
453
387
9
425
213

Machinery, except
electrical

Electric
and
electronic
equipment

217
-7
152
73
5
-1
(*)
-6
(*)
1305
57
1,244
1,414
6
2,278
(*)
-1,444
(*)
515
60
()
*

o
19

<•?
(D)
76
(°)
26
(°)
127

11
642
361

()
1
0
68
56
103
34

°

%

()
3
1
0
11
7

127
1
()
*

59
65
61
3
1
266
206
193
10
171
6
1

C)

1
1
6

7
10

<°)

1
0
6

ft
17
15
13
2
0

8
84

8 3(*)

-27
641
206
42
9
16
67
87
124
51

8

330
284
-1
8
(*)
-3
12
17
10
4
(*)

-6
2

-5
-1
-2
49
26
0
-1
(*)
12
3
(*)
4

103

SURVEY OF CURRENT BUSINESS

August 1991

Table 16.3.- -U.S. Direct Investment Abroad; Income, 1990
[Millions of dollars]
Manufacturing
All industries

All countries
Developed countries
Canada

Japan

......
......

,

Australia, New Zealand, and South Africa
Australia
New Zealand
South Africa
Developing countries
Latin America and Other Western Hemisphere .
South America ....
Argentina ....
Brazil
Chile
Colombia ....
Ecuador
Peru
Venezuela ...
Other

4,163
29,548
24,311
1,356
259
2,473
4.141
82
1,335
2,009
1S9
3.334
120
1,510
7.501
5,237
301
75
1,018
236
3.484
93
30

4,489

1,986
2,182
1,985
71
126
16,143
8.239
2326
248
1,499
300
371
49
-333
72
120

Central America .
Mexico
Panama
Other

1,052

2,488
13,797
13^03
654
55
1,752
2,959
5
770
1,429
55
1,136
69
1,308
3.111
495
70
5
20
219
172
9
(*)
1,044
1,009
895
46
67

Bermuda
Jamaica
,
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands, Caribbean
Other
,
Other Africa ..
Saharan

EE:

Libya .
Other .
Sub-Saharan
Liberia

1
orEast:::::::::::::
.: ,
Middle

1,205
121
484
146
454

Israel .
Saudi Arabia .
United Arab Emirates ,
Other

International

5,789
1.175
146
1,572
527
252
993
270
508
294
51
422

Addendum—OPEC2 .

2,663

,

Thailand"!!!!"!!!""
Other

* U s s than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 11.3.
2. See footnote 1, table 11.1.

D




311
1,663
1,554
47
38
270
236
0
48
109
0
178
8
125
495
109
9
0

191
4
105
7
60
2
-2
7
8

92
9
0
28
19
-1
4
34
43
12
7
0

215
201

5,437

1,310
30
973
83
189
15
-1
13
9

2,890
467
1,869
134
-1,006
(D)
991

°

2,817
2,250

567

1,489

910
489
472
-4
21
420

Chemicals and
allied
products

4,537
2,891

3,024
1,689
1,193
141

Other Western Hemisphere

Other Asia and Pacific
Hong Kong
India
Indonesia
Malaysia ....
Philippines .
Singapore
South Korea

22,875
18338

54,444
37,880

Europe
European Communities (12) .
Belgium
Denmark
• France .1
Germany ,
Greece
Ireland
Italy
™""™!".
Luxembourg
Netherlands
Portugal
Spain
United Kingdom
Other Europe
Austria
Finland
Norway
Sweden
Switzerland
Turkey
Other

Food
and
kindred
products

Petroleum

U8S
61

31
0
4
27
236

°

()
-2
U67
107
87
22
100
164
474
57
286
55
15
217

4,237
711
2,911
2,871
367
1
457
345
9
447
222
419
10
115
4S4
39
10
1
-2
4
21
7
(*)
428
387
31
10
1,200

Pnmaiy
and
fabricated
metals
1,012
812
205
522
507
21
6
32
127
0
18
21
4
120
43
114
15

1
8

Machinery, ex*
cept
electrical

Electric
and
electronic
equipment

Transportation
equipment

4,750
4309

1*496
574

253
3,473
3,279

61
508
450

<3

()
0

470
894
0

194

s

151
(*)
49
59
1
62
-17
70
59

«o
(•)

11
24

(°)
(*)

0
17
52
3
13

12

15
15
1
-1

200

442

922

128

252
222
-3
33

422
90
246
(*)
49
3
-1
34

82

287

8

283
2
1

o

Other
manufacturing

3335
3,024
590

4,028
3,133
356

°

817
-566

7,497

2,436
101
9
408
313

245
3,442
2,130
283
107
486
220

40
-581
-590
(D)

179
7,093
5,151
314

137
224

75
204

8

182
(">)
47
963

479
9
94
161

2
1
0
0
3
0
-3
(•)

77
13
4
14
7
40
-2
2

1,313
209
59
24
3
965
36
16

146
147
-6
5
311
288
-112

166
133
9
24

473
213
214
~6
5

23H
2,205

(°)
0
61
893

<°)

(D)

SI

87

q

0
0
0
0
0
0
0
0

10
0
0
D

5

h
-2
220
2
55
10
4
63
-1
3
56
12
15

0
0

4
0
0
1
0
0
1
0
0
0
0
0

312
56
17

489
-6

18
0

0
168
-3
72
4

78
30
304
9
50
26

1
0

()

3
°

Banking

Finance
(except
banking),
insurance, and
real estate

6,009
4373

0
-53
(*)
400
400
0
0

335
283

Wholesale
trade

1,636

-71
-92

23
46
-23

(°)

42
-605

i
-n

113
52
(*)

i

342
333

13
174
130

23
0
0

217
49

0
1
0
20
4
4
1
0
3
(*)
0
(*)
(*)
(*)
1
0
(*)
173
23
11
9
17
2
12
89

95
923
823
52
1
97
49

i
-34
2,412
1,942
-29
0

61
145

1.962
0

8
31
28
1

320
94
146
73
4

8
-125
-6
-120
431
117
2
<*!
282
26
-7
20
17
0

3,099

302

2^65

1383

505
354
-28
270
30
54
5
-2
26
-1

(°)

122
493

1377
1,075

253

116
7
3
104
-6
1

210
1
193
10

m

?
(*)
748
57
685
6
1.701
241
1,732
(*)
-1.030
3
658
99
48
(*)

C)
0
48

8

(*)
5
1

15
14
10
3
0
2
1

(°)

8
1,056
547

i
114
91
160
39

740
153
53
28

271
214

58
199
116
50

°

(
'

59

224

-11
-9
52
29
0
-1
(*)

SURVEY OF CURRENT BUSINESS

104

August 1991

Table 17.—U.S. Direct Investment Abroad: Country Detail for Selected Items
[Millions of dollars]

1

1988

1987

1986

1989

Income

Capital outflows (inflows (-))

Direct investment position on a historical-cost basis
Line

1986

1990

1987

1988

1989

1990

1986

1987

1988

1989

1990

8
9
10
11
12
I1
14
15
16
17
IS
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35

314307

335,893

370,091

421,494

18,679

31,045

17379

33388

33,437

30,900

40388

50,437

53,997

54,444

194,280

237308

252,649

274364

312,186

10,713

21326

13,719

21,492

21,195

24,447

31340

39389

38,901

37380

50,629

57,783

62,656

65348

68,431

2,400

6,200

2,641

1,809

2,280

4398

5388

7,247

6394

4,163

Europe

t
•

259300

Canada

2

120,724

150,439

157,077

175,213

204,204

7387

12,691

9,113

17334

14,503

16304

22,226

26,982

27,216

29348

98 624
5*,006
1,085
8,952
20,932
87
4,308
7,426
802
11.643
288
2,707
35,389

123 999
7*267
1,070
11,868
24,388
132
5,425
9,264
660
14.842
495
4,076
44312

131 069 149 545
7*941
7301
1.234
1,161
14,069
13,041
24350
21,832
264
195
5,522
5,886
10,294
9,496
1.127
841
18.133
16,145
488
546
6,096
4,966
59,827
49,459

172,940
9*462
1,633
17,134
27,715
300
6,776
12,971
1,119
22.778
590
7,480
64,983

7 137
-235
-245
427
1,151
^2
613
-439
_1
3,399
44
425
2,039

10,257 9 669
629
U87
184
-263
1,777
1,059
790 -1,878
58
18
694
963
607
848
392
-78
1,418
2,051
50
182
565
494
3,006 5.173

17,078
*647
-25
499
1,457
24
612
417
65
1,479
76
964
10,864

9 101
457
289
1,530
818
44
1,136
1,285
-111
2,588
32
512
520

13 997
1*007
189
1,234
2,434
-129
788
1,752
105
2,407
94
468
3,645

18390 23 166 22 358 24 311
l',256
1,208
1*223 1356
259
154
154
140
2,232 2,473
2,153
1,569
3,698 4,141
3,002 3,121
82
53
58
30
1,335
1,146
1,148
1,092
2,009
1,481
1,660
1,378
189
155
51
77
2,828 3334
2,974 2,929
120
113
157
144
1310
1323
1,308
874
7301
7,751
9,170
6,104

22,100
715
292
3,216
918
16,441
215
302
13
-39

26,440
691
389
3,843
1,139
19,665
207
506
10

26,008
669
408
4,371
1 119
18.734
246
462
6
(D)

31.264
767
542
3,633
1326
23,733
507
557
19

451
-168
6
348
11
366
-22

-555
2,434
-26
-49
29
43
534
492
19
74
1,787 -1,125
29
-13
100
-15
-4
-4
(D)

756
-21
27
-875
-47
1,663
40
-31
-6

5,402
33
5
-273
198
5,110
141
188
14

2307
77
73
405
151
1,759
27
17
4

AH countries

„

Developed countries

European Communities (12)
Belgium ............
Denmark _.
„
France
Germany' .........
«
Greece ...»
Ireland
„„
Italy
„
Luxembourg
Netherlands
Portugal
Spain
United Kingdom .

............,..,.„..•..„•,...,..„.........
„
,„
„

Other Europe
Austria

Finland

.

!

,

ZZ-

Norway ... ........................
Sweden
Switzerland
Turkey
.

ZZZ

..............................................

Cyprus
Greenland

Iceland ..!ZZZZ!!ZZZZZZ!"Z!ZZZZZZZZI

Liechtenstein
„
Malta .„
„
Poland Romania
Union of Soviet Socialist Republics
Yugoslavia

„

„..

37
38
39
40

0
3
0

0
4
0

<°)
(D)

-4
-36
(*)
-23
0
(D)
0
D
( )

(

?

73
0
-5
0

<•>)

(*)
-11

o

s

(

°1

- 20

24

0
1
0
( )

1
1
1
( )

1
50
(*)
0
2
0
D
( )

4,858
233
109
760
275
3,452
24
4
(*)

1
2
2
0
-6
0
D
( )

1
21
2
0
2
0
D
( )

8
3
0
2
0
(*)

(°)
(*)

5,237
301
75
1,018
236
3,484
93
30
1
6
26
3
0
1

...........„_..„„

Latin America and Other Western Hemisphere

43
44
45
46
47
48
49
50
51
52
53
54
55
56
57

South America
...................
Argentina
Brazil
....................... .........
Chile
Colombia
- .
Ecuador
Peru ......
„„
Venezuela ................
Other ..„
„ „.........,„
Bolivia
French Guiana
Guyana „.
»»...................,«„«„......„„........„
Paraguay ........ „
„
Suriname .....

58
59
60
61
62
63
64
65
66
67

Central America
Mexico ..........
Panama ...................................

68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87

Other Western Hemisohere
Bahamas
Bermuda
„
Jamaica
Netherlands Antilles
Trinidad and Tobago ..............................................................
United Kingdom Islands, Caribbean
.,
Other
„
.„„
..
m
Amigua and Barbuda ...........
„
.
........

Other....!

.............
."
....„

20,994

639

1,493

1313

424

1,443

2,040

2321

2357

2376

1,986

11,455
9,340
598
1317

13,603
11363
743
1,497

14,908
12,823
833
1,252

15314
13,331
1.140
843

18357
14,529
3,139
889

87
101
36
-50

941
953
85
-97

653
799
91
—237

1,425
1,376
316
-267

2,968
1,032
1,895
41

1,005
686
83
235

1,405
1,072
104
229

2303
2,063
82
158

2315
2,102
161
253

2,182
1,985
71
126

73,017

80,060

92,098

105,721

8,724

9,942

4,662

11398

12,175

6339

9,062

10,950

14334

16,143

47351

53306

62,727

72,467

7,445

8,127

3,882

9^39

9374

3320

3343

4384

8-326

8,239

19,813
2,913
9,268
265
3,291
413
1,103
1,987
572
203
(D)
2
21

21,227
2.744
10,951
348
3.104
466
1,022
2,095
499
172
(D)
4
14

21 815
2,597
12,609
672
2,248
431
976
1,903
379
101

23,612
2,684
14,522
1,069
1,977
393
939
1,503
525
125
(D)
9
14

24,920
2389
15,416
1,341
2,043
389
600
1381
662
171

1,386
217
126
88
240
129
-104
625
65
-2
(D)
(*)
-8

74
585
-82
-125
1,676
800
223
78
-75 -1,385
-31
60
-53
-38
-188
-85
-87
-29
-72
-31

2,001
43
1,892
368
-216
-53

1,443
*164
1,054
293
115
-19
-346
39
144
54

(°)
1

(°)
4

-5

-8

\ )

19

26

17

-8
1
21

-18
28
8

2394
171
1,834
228
-108
19
-74
270
54
-14
(D)
(*)
-5

2326
248
1,499
300
371
49
-333
72
120
21
/&
(*'

-7

(°)
(D)
2

1,899
226
1,183
121
190
25
-52
196
11
-12
5

3,006
1
2346
261
-15
47
-101
139
127
5

(°)
1

1,841
375
836
95
194
82
-3
242
21
3
3

24

24

928
608
216
104
(*)
26
6
20
55
-3

2,424
1,455
866
104
3
-10
9
14
63
25

2,595
1,949
498
148

1,265
216
972
77
_2
8
13
27
21
11

1,687
706
845
136
(*)
27
10
6
49
43

1,988
1,191
694
104
1
22
8
31
40
2

3,101
1,522
1,466
113

3,024
1,689
1,193
141

25
9
17
33
28

31
10
21

117

133

128

132

(D)
15
279
150

10,698
4,623
5325
549
113

13,380
5,712
6,874
794
-15
169
56
201
240
143

16,050
7,280
7,889
881
-13
163
57
215
317
143

18,911
9,360
8321
1,029
-14
193
66
245
315
224

375
-132
546

„.

12,218
4,913
6,622
683
-15
141
51
174
185
147

14 106
6 341
2*991
3814
15,373
19.215
103
106
-16,969 -14,235
400
424
4,243
3,794
565
620
(D)
7
10
11
212
179
9

18,311
4112
19,022
134
-9,983
447
3,919
661
11

23 065
4257
17,717
223
-5,956
503
5,001
1320
12

28,636
4*301
18,972
276
-1,401
413
4,639
1,436
13

5 683
-828
1311
-16
4,873
-104
341
107

375

453

s

.

(D)

1.
„.„..„„„„..............„„„

ZZZ.ZZZ

.".

Dominira ZZZ"ZZZZZZZZZZZZZZZZZ"

Dominican Republic
French Islands, Caribbean

(°)

181
167
51

St. Lucia
St. Vincent and the Grenadines „..,....
........ •

Sanaran ............»..............««..»....M..«....-

„.
......

„„

„..

rt..^..™..«««......

199
12
(*)
29
0

156
25
1
34
1

C)

Nevis*'Z"Z!ZZ!ZZ"ZZZZZI!ZZZ




18,488

(D)

..... ..

Libya
Other
„,..„.
Algeria ........
Morocco
Tunisia

(°)

18,009

(D)

...........

.".

Barbados

(°)

15,684

Z. Z Z

Z

Aruba

.„..„

.„,,.....

Belize
Costa Rica
El Salvador
„
Guatemala ._ „
....
Honduras ............................ ..„
Nicaragua

(°)

2
0
( )

36351

„

Developing countries

Other Africa

0
1
0

D

Australia, New Zealand, and South Africa
Australia
,
New Zealand
„
South Africa

88
89
90
9f
92
93
94
95

o

379
78
1
5
1
D
( )

5
0
( )

„

„

St. KittTand

9
377

/D\

3,815
220
113
615
178
2,642
30
17
4
-16

61,072

Japan

41

8
413

8

3,636
146
108
452
112
2,797
34
-14
4
-4

11,472

36

42

»

8
339

25,668
588
476
3.547
1,129
19,209
310
410
(*)
-5
3
6
336

4372
2,092
1669
310
113
56
30
27

9>

i
138
21
1
28
(*)

2

3,999
2,115
1,807
241
67
60
24
-18

5
9

361
26
1
32

7
(D)
-45
-4
12

(°)
1
94

3
(*)
3
0

11
1,341
328
945
68

30

(°)
-8
4
43

6 201
-250
3331
-16
3,038
-15
184
-72
(D)

s

-93
12
1
6
1

D

-46
125
-10

4 814
2,881
124
' 75
^446 -1,309
80
2
4,666
3372
80
-4
1,083
-491
139
125
I

8 8
8

("*>
125
7

-3
(*)
-4
-1

92
7
0
9

D

(D)

33
10
26
-1
81

(*)
-6

i

(

1

3

415
502
2.89C
2,219
71
108
833
327
46T
—128
777
1.498
1.733
1,869
869 2,501
53
57
154
97
134
187
4357 -2,680 -2,083 -1,871 -1.453 -1,006
54
57
-89
73
66
-313
609
322
991
865
827
45
139
62
86
219
1
1
1
1
j
2
2
2
30
(°:
78
17
Of
19
of
fO\
3
5
t
5
C)
(*)
(*)
(*)
<•>
11
142
14
1W
80
7
7
12
8
3

(°)

Q

Q

A

8

6
0
(*)
(*)

5
0
4
(*)

!

3

-I

2

C)

§

(*)

3,993
2,116
1,744
252
121
47
29
45

3,780
1,840
1 45!
246
144
56
36
52

-315
-213
-113
14
-114
-42
-19
-52

413
-92
-150
56
1
-4
5
(*)

-130
-188
-86
-3
-99
7
-2
-104

—20
130
93
-5
42
9
3
30

-182
-207
-221
-7
21
9
5
7

(

4,219
2,032
1,637
315
80
38
26
17

1
478
38
1
41
-1

21

(D\

D

123
15
Oc

OJ

-24
-46
(*)
4
-50

U

0
0
2
(*)

(

0

V

?

C)

(•)
nil

207

2

1
?
-11
11
5
-27

221
208
3
10

r>
1°)

322
J14
-7
15
9
7
-1

VIV

489
AT
4/i

-4
21

10
7
3

105

SURVEY OF CURRENT BUSINESS

August 1991

Table 17.—U.S. Direct Investment Abroad: Country Detail for Selected Items—Continued
[Millions of dollars]

Capital outflows (inflows (-))

Direct investment position on a historical-cost basis

1987

1986
Sub-Saharan
Liberia ....
Nigeria
Other...
Angola ...
Botswana
Burkina
Burundi
Cameroon
Central African Republic
Chad
Congo ...........
Djibouti
Ethiopia
G"abon
Gambia
,
Ghana
Guinea
Ivory Coast...,
Kenya
Lesotho
Madagascar
Malawi
Mali ..
Mauritania
Mauritius
Mozambique
Namibia
Niger.
Rwanda
Senegal
Sierra Leone
Somalia
Sudan
Swaziland
Tanzania .
Togo
Uganda ...
Zaire ...
Zambia
Zimbabwe .....
Middle East
Israel
Saudi Arabia .,
United Arab Emirates
Other..,
Bahrain ...
Iran
Jordan
Kuwait
Lebanon
Oman .,
Qatar..-,
Syria
Yemen"
Yemen (Aden) 3
Other Asia and Pacific
Hong Kong ...
India
Indonesia .,
Malaysia ..,
Philippines
Singapore
South Korea .
Taiwan
Thailand

Other

ZZZ!!,

Afghanistan ......
Bangladesh
Brunei .............
China
Federated States of Micronesia .,
Fiji
French Islands, Indian Ocean ....,
French Islands. Pacific
Macau
».,
Marshall Islands
-.
Pakistan .,
Palau
Papua New Guinea
Sri Lanka .,
Tonga
United Kingdom Islands, Pacific
Vanuatu ....
Vietnam
Western Samoa
International .
Addenda:
OPEC 4

1,884
130
781
973
187
(D)
<>
C)
37
14
6
2
197
0
102
39
51
106

2,280
112
894
1,275
396

°

2
244
0
63
31
73
90

4
(*)
36
2
29
17
10
-179

<)
(*)
-2
1
36
3
29
-16
8
-61
r
<>
92
43
43

236
37
1
2
177
0
83

<°)

119
98
-9
12

3
8 8

4,0*4
635
2,092
694
662
-340
-37

C 15 )
54
49
27

25
23

18
38

421
3,21
1,021
1,299
2.256
782
869
1,078
476
-29
167

18,528
5.240
436
2,921
1,135
1,513
2,311
1,501
1,621
1.132
719

I

505
-3
338
171
220

21,212
5,948
527
3,770
1,174
1,657
2.318
1,855
1,921
1,271
772
(*)
1
-20

1986 1987
1990

58
22
-25
60

6
27
2
2
463
0
173
85
143
99

1

8
(*)

-36
-1
-31

(°)

-109
12
-2
1

()
60
63
58

4,755
818
2,523
584
831
-100
-57

-2
2
1
C)
12
I
-474
C)
-11

8
-25
2
-5
513
-110
48
68
507
-122

577
46
284
247

9
573
-475
47

8

(°)

8

0
()
(*)
(*)
(*)
49
0
-39
5
16
-17
-1

72

-34
C)

-5
(*)

6
()
*
()
*
318
0
21
1

(*)

s

-119
0
20

2
0
72

1
1

D

<)
-26
6
227
157
216
-120
-26
-214

I

°

17
-1
-3
1
(*)

-1
(*)

-21
-32
-1
1
65

3

jij
-381
(*)
-6

i

3

3
6
2
-262
92
-344
-19
10
25

(°)
C)
16
0

-52
0

1

3

-33
-2
-24

3(*)
(*)

-93
11

IS

()

2(*)

D

()
-30
16
56
43
64
6
-57
93

581
60
565
•49
25
-76

-25

-15
7
10

10
8
10

592
97
341
79
76
-195

518
73
379
137
-70
-105

()

-2
-1
8
—29
42
-2
1
(*)
8
9
781
86
461
92
142
-13

658
99
329
96
134
-24

0

-33

19
65

307

24,719
6.537
639
3,827
1.425
1,655
3.97:
2,096
2,273
1,515
782
C
-22
289

1,081
720
56
44
-56
66
21
68
83
(
*
-11'
I
(
*
-116

1,175
32:
64
-310
-67
9
226
190
367
188
187

8

8

8
1,172
708
60
-251
156
90
-16
237
203
-149
13!

2322
596
123
805
US
11'
201
23S

n:

439
11;
59
24
48
862
32
189
231

2,604
646
79
671
162
205
493
11
93
144

3378
1,066
83
95C
220
182
71"
159
329
lft

4,413
1,139
99
735
405
240
854
288
346
275
3

4,95!
134 r
122
1,103
329
27«
740
304
409
278

1.763

2,025

4:

-29
102

&

"I

0
186

109
0
144

232
1

0

(:
*
4,448

3,782

3,184

3.43C

3,586

10,235

9,899

8,827

9,046

9,82!

(*;

298
-758

* Less than $500,000 (±).
° Suppressed to avoid disclosure of data of individual companies.
1. For 1986 through 1989, this line includes only the Federal Republic of Germany. For 1990, it also includes the former German Democratic Republic (GDR). This change has no effect on the data because there




90
47
44
4,166
756
1,955
652
803
-28
-51

i I i
8

4.389
439
3,070
952
1,396
2,384
1,178
1,372
U7<
556
(*)
12
-18
207

1987 1988 1989

-103
-16
615
-701
144

8
3

-1
4
-5
0
4
2
29
49
15
^90
79
-14

4,891
427
2,460
840
1,163
320
-25

17,010

1,940
58
210
1,672
380

o
311
(*)
30
21
2
2
139
0
156
85
142

(°)

90
47
44
3,806
701
1,782
672
651
-311
-40

1
8

1,876
92
406
1.378
384

8 8
o

13

?
()

2.187
134
660
1,393
405

1986

1990

1989

1988

147 -1,000

51

694

1,925

2,0*

2,663

1,47
were no affiliates of U.S. companies in the former GDR in these years.
2. Prior to 1990, Yemen included only Yemen (Sanaa). For 1990 on, it also includes Yemen (Aden).
3. Beginning with 1990. data arc included in Yemen.
4. See footnote l t table 11.1.

106

SURVEY OF CURRENT BUSINESS

August 1991

Table 18.—U.S. Direct Investment Abroad: Industry Detail for Selected Items
[Millions of dollars]
Capital outflows (inflows (-))
1988

1988

1989

1990

1986

17379

33388

33,437

30,900

2497 -2,759
2,043 -2,439
2O02 -1,489
-950
-159
-156
46
-777
36
627
-23
-6
33
-302
85
138
24
60
-38
29
28
2
48

-4,791
-2,420
-2420
100
-1,934
-2442
599
8
-4S2
15
-4
12
-11
19

4,483
1,034
1,287
-254
1,520
1054
252
14
1478
352
295
-64
27
94

7071
3.225
3,663
-438
2,442
1O70
1,143
30
1,422
182
68
65

12310

10,164

-782
327
494 -2,412
445
398
96 -2,856
925
-328
705
160
4
-115
19
-48
163
208
518
115
3.799
2,181
935
472
101
110
28
82

296
198
372
-174
99
27
-165
19
-22
20
82
139

1,830
31
-61
1.771
89
64
2
42
-43
29
-5

11.738
1,761
1345
5,909
2,723
95
2,627

19,148
18,318
830

28323
4346
1.453
990
463
522
320
202
5457
1,701
3,114
742
879
2,794
2304
1,150
1040
7,179
1,836
5
1019
4,110
9
898
93
805

31347
21,995
1065
58

1986

1987

259300

314307

58,497
30,681
25,677
5,004
16,383
9,608
6.612
163
9454
1,879
1,108
313
(D
(D

59,774
32,223
27,666
4,557
17,638
10.401
7,038
199
8,365
1448
798
318
243
189

57307
30,319
26,936
3,383
17,758
9,911
7,654
193
8,078
1,652
834
350
247
221

54,049
28094
24,947
3,347
16,612
9.445
6,976
191
7,455
1,688
769
351
251
318

59,736
29,299
26,149
3,150
19,183
11,178
7,784
221
9,173
2,081
1,104
286
288
402

2451
1.091
1401
-411
142
524
-399
18
1,133
-214
-193
17

105,101

131,645

138,725

149037

168020

5355

13057

Food and kindred products
Grain mill and bakery products
Grain mill products .,
• Bakery products .
Beverages
Other
Meat products ....
Dairy products
Preserved fruits and vegetables ....
Other food and kindred products .

11,366
3,095
2057
838
2.582
5,689
337
732
768
3,853

12,682
3.612
2,410
1002
2.891
6.179
253
825
561
4441

13081
4003
2,856
1,347
2,557
6421
244
711
795
4,772

13,464
3,033
3,137
-105
3,338
7,094
248
707
1.031
5,108

15,961
3,964
3,814
150
3,387
8,611
373
1,076
1,182
5,979

1,131
373
237
135
413
345
33
56
70
187

701
108
96
12
594
-37
106
83
441

Chemicals and allied products .....
Industrial chemicals and synthetics
Drugs
Soap, cleaners, and toilet goods ......
Agricultural chemicals .....................
Other
Paints and allied products
Chemical products, nee

22,653
10,242
6027
2062
1,102
2,819
642
2,177

27.789
12,721
7,428
3,512
720
3,408
553
2,855

31367
14,653
8,349
4,036
871
3,457
553
2,905

35,002
15,557
9,624
4O20
921
4,680
46
4,634

38,745
17,319
10,600
4,656
1,076
5.094
48
5,045

1495
863
917
-119
27
-92
6
-98

3,177
1,524
911
430
90
222
-157
380

Primary and fabricated metals.
Primary metal industries .......
Ferrous
Nonferrous
Fabricated metal products
Metal cans and shipping containers
.
..
Cutlery, hand tools, and hardware „„
Plumbing fixtures and heating equipment, ex. electric .
Fabricated structural metal products
Screw machine products, bolts, etc .,
Metal stampings and forgings
Fabricated metal products, nee, ordnance, and services .

5,542
1,749
749
1,000
3,793
557
636
180
276
199
538
1,408

6079
2,019
1300
719
4061
639
636
228
296
214
677
1471

7,939
2,648
1,419
1,229
5091
869
709
203
336
232
874
2.068

8,103
1,991
567
1,424
6,112
1,708
1,419
326
201
77
100
2081

9,776
2,436
631
1.806
7,340
2,055
1422
482
199
.
73
100
2,910

478
338
57
280
140
27
9
24
-48
31
89
8

Machinery, except electrical.
Farm and garden machinery
Construction, mining, and materials handling machinery .,
Office and computing machines .
Other
Engines and turbines
Metalworking machinery .
Special industry machinery
General industry machinery and equipment ....
Refrigeration and service industry machinery .
Machinery, except electrical, nee

22,090
351
2.323
15,649
3,767
529
504
700
1,109
522
402

27,766
259
2,946
20338
4023
767
480
731
1,119
661
465

26,652
238
2.999
18,796
4,620
893
485
764
1,175
840
463

26,031
15
3,407
17,668
4,941
1017
496
784
1083
788
373

28,791
-233
3,687
20,053
5OS4
1,361
188
914
1,401
958
461

7,049
1,372
76
3,867
1,734
322
1,412

10,055
1,810
1,005
4,821
2,418
757
1,661

10,674
1347
1336
5418
2,473
783
1,691

Transportation equipment
Motor vehicles and equipment
Other

13,985
12.910
1.075

18,752
17,619
1,133

Other manufacturing
Tobacco manufactures
Textile products and apparel ...
Textile mill products ......
Apparel and other textile products
Lumber, wood, furniture, and fixtures
Lumber and wood products
Furniture and fixtures
Paper and allied products
Pulp, paper, and board mills
Miscellaneous converted paper products .
Paperboard containers and boxes
Printing and publishing
Rubber products
Miscellaneous plastics products
Glass products
Stone, clay, and other nonmctallic mineral products .
Instruments and related products
„
Scientific and measuring instruments
Optical and opthalmic goods
Medical instruments and supplies
Photographic equipment and supplies
Watches, clocks, and watchcascs
Other
Leather and leather products
Miscellaneous manufacturing industries .

22,416
2,653
1,131
772
359
480
300
180
4,779
1491
2,778
410
696
2,255
1,664
896
1,098
5.918
1,199
155
986
3438
40
847
83
764

26014
18,697
1067
53

All industries
Petroleum .
Oil and gas extraction
Crude petroleum extraction (no refining) and natural gas "
OU and gas field services ..
.
....,
Petroleum and coal products
,
Integrated petroleum refining and extraction .,
Petroleum refining without extraction .....
Petroleum and coal products, nee
Petroleum wholesale trade ....
Other
Petroleum tanker operations .
Petroleum and natural gas pipelines .
Petroleum storage for hire
Gasoline service stations
Manufacturing .

Electric and electronic equipment ....
Household appliances
Radio, television, and communication equipment.
Electronic components and accessories .
Electric lighting and wiring equipment
Electrical machinery, nee .

Wholesale trade ..
Durable trade
Motor vehicles and equipment
Lumber and other construction materials




1989

1990

1986

1987

1987

1988

1989

1990

40,588 50,437

53,997 54,444

7459
5,033
5,006
27
1,389
884
468
36
617
120
28
60
19
12

7390
4,740
4,670
70
1.875
1.105
737
34
1,081
194
52
44
15
S3

7,637 10354
4,117 7,109
4,051 6,888
221
66
1,888 1,767
1,172
1,312
562
544
33
31
1.616
1,335
363
298
140
168
30
28
17
15
175
87

13332

19029

25,427

25,682

22375

1,638
683
547
136
-100
1,055
75
213
25
741

1,727
338
222
116
578
811
45
140
123
502

2,046
486
404
82
594
966
45
150
86
685

2,294
669
439
231
639
986
37
162
91
697

2,369
501
438
63
782
1,086
23
205
243
614

2,817
601
545
55
914
1,303
64
328
204
707

4,607
2,001
1,221
287
81
1,017
(*)
1.017

2,116
1,208
723
-71
122
134
2
131

3,572
1371
1057
423
105
417
60
356

4,435
1,957
1,382
466
114
517
91
425

6,194
2,945
1,746
685
143
675
129
546

5,897
2,619
1,758
654
147
718
3
716

5,437
2003
1,830
553
156
694
3
691

1338
431
-37
468
907
222
75
-5
71
29
75
439

219
-655
-686
31
875
229
589
-100
29
8
-9
129

1,349
359
50
310
990
263
72
52
-3
-4
(*)
604

494
192
129
62
302
50
113
16
15
29
38
42

911
339
95
244
572
81
167
21
42
26
77
157

1,520
642
60
582
878
85
238
16
67
31
80
361

1,303
460
85
374
844
145
252
84
12
2
3
344

1,012
198
50
148
814
262
236
102
11
3
2
199

2,399
-129
177
1,887
464
233
-3
85
21
78
50

-248
-40
94
-629
326
90
15
-23
60
174
10

408
-1
469
-572
512
203
32
8
172
46
51

464
-240
192
503
10
54
-328
65
53
113
52

3337
-137
10
3,160
304
34
10
66
89
62
43

3,717
-167
61
3,424
400
71
14
76
118
56
64

4,422
-14
321
3,604
511
72
28
86
141
127
58

4,941
48
461
3,808
623
113
44
105
168
140
53

4,750

13,641 -1496
156
2,005
2,035 -2083
535
6,439
-4
3,162
-45
84
41
3,078

1,130
221
-101
745
264
206
58

390
-559
279
532
138
108
30

920
736
-13
-132
329
-10
339

1324
59
563
356
346
-1
347

1,080
85
275
588
131
39
92

1,350
179
188
762
221
77
144

1.819
156
171
1018
274
104
169

1,417
177
102
873
265
3
262

1,496
159
525
569
244
(*)
244

22,959
22,084
875

24,012
22,377
1,635

1439
1,323
216

2,607
2453
54

1,097
1015
-118

3,111
2,965
146

-183
-908
725

1,027
863
164

2,766
2484
182

4.483
4,573
-90

5,052
5,046
6

3,335
3,185
149

29.664
3,639
1,470
999
471
646
437
209
6,034
1,887
3382
765
1,006
3,184
2,892
1,009
1,398
7,466
1.920
44
1,540
3,948
15
920
103
817

31,940
2,336
1,599
1,190
409
779
535
245
8,877
2429
169
6,180
1,117
3,009
3026
944
1,605
7.536
1,613
8
1,959
3,940
17
911
106
805

37095
3078
1,851
1,406
445
940
547
393
10328
2,968
201
7,159
1062
3023
.3,784
1,093
1,662
8,500
1,687
5
2304
4,477
26
1373
185
1,188

879
164
-20
-22
1
46
37
9
119
-83
187
14
-38
-157
200
123
75
330
86

839
-581
-24
-12
-12
19
-8
26
418
147
245
27
-142
435
481
-120
146
223
-38
39
300
-85
6
-15
8
-23

4,326
-957
146
137
9
120
77
43
4,125
711
26
3389
143
-8
242
-61
232
388
-120
-10
252
264
1
9
-54

3,455
734
210
199
12
95
-15
110
1,186
507
15
663
79
124
435
-16
-83
397
6
-3
242
141
10
296
76
220

2496
219
124
56
68
43
31
12
586
200
309
77
123
225
372
159
134
531
171
20
178
169
-7
80
6
75

4,004
414
232
123

134
107
(D)
38
-4
42

2,947
429
210
116
94
38
16
22
494
14
184
295
172
287
348
61
54
886
312
-69
182
464
-4
-31
7
-39

70
7
63

4,696
468
215
127
88
91
60
31
1,000
432
524
44
195
509
463
245
250
1,140
214
2
316
606
2
121
g
113

4,704
507
229
124
105
96
74
22
1,177
460
27
690
191
374
450
158
271
1,103
166
-3
374
565
1
148
9
138

4,028
600
184
96
88
45
12
33
896
233
26
637
186
145
366
152
181
1,006
61
-3
338
611
(*
266
(D;

34,054
23,832
1,272
69

37030
25,067
1,862
62

41,411
27,105
2041
64

1418
904
67
-13

3321
2004
12
5

2,927
2,027
37
7

3090
1,653
496
-7

2075
818
94
3

3,760
2445
246
4

5,462
3351
292
3

6,161
3474
420
1

6040
3,857
674
-1

6,009
3,699
65S

335393 370,091 421,494

18,679 31,045

i°}

(*•*)

_]

7^41

8

no
67
47
20
844
333
441
69
145
429
462
214
178
946
/b\

240
550

fpf
4,319
421
53
23
100
118
84
43

107

SURVEY OF CURRENT BUSINESS

August 1991

Table 18.—U.S. Direct Investment Abroad: Industry Detail for Selected Items—Continued
[Millions of dollars]
Direct investment position on a

historical-cost basis

Income

Capital outflows (inflows (-))

Line
1986

98
99
100
101
102
103
104
105
106
107
108
109
110

....

116
117
118
119
120
121

122 Services
Hotels and other lodging places
123
Business services
124
Advertising
125
Management, consulting, and public relations services
126
Equipment rental (ex. automotive and computers)
127
Computer and data processing services
„
128
129
130
131
132
133
134

135
136
137
138
139
140

141

166
167
168
169
170
171
172

2,816

373

407

1,418
13,795
2,316
9,853

1,796
14,272
2,626
10.222

1990

1.457

120
183
124
240
118
832

-9
402

685

1.618

7,482

940

937

4,525

4,479

18^)27

19,109

20397

21397

-1,190

-189

672

53,046
5,003
155
4,848
11,634
1,839

84323
23.070
93
22,977
14,682
2,170
1.236
11,277
2,626
43,945

98389
28025
99
28,127
15,496
2022
1,353
12,120
2,514
52,654

10,289
6,610

12,780
6,133

6,706

7369

8,716
886
4,846
780
891
989
1,021
1,165

10339
1,009
5,960

152
16
-10
-57

408
345
8

41
242
25
17

7,717
5.001
-32
5,033
1,482

8,879
1,868
34,541

63386
10,803
99
10.704
13.221
2,068
1.007
10,146
1,857
37,506

1987

1986

271
88
16
149
581
60
1,636
20
61
96
163
160
1,137

3,570

11,884
1,850
7.518

257

407

473

1,458

2.102

2314

289

504

386

1,146

798

792

7377

348

1.374

917

1,633

593

754

789

2,228
».
„

1989

61
576
23
331
719
272
900
71
219
-90
342
-11
370

109
77
30
348

-81
111
41
109
545
124
614
21
79
-38
199
2
351

5,128

„

Transportation by air ...
.............
.........
Travel agents
„
Transportation and related services, nee
Communication and public utilities
Communication
................................
Electric, gas, and sanitary services
Retail trade
. ». ......
Food stores and eating and drinking places .............................
Retail trade, nee
..«„
„„.




2,275

311
749

8

Research and development and testing laboratories
Employment agencies and temporary help supply services
Other.
Morion pictures, including television tape and
film
„.
Engineering, architectural, arid surveying services
Health services
......... .............
Other services
„..,.„..
Automotive rental and leasing
Accounting, auditing, and bookkeeping services
Legal services
Educational services
Other services provided on a commercial basis
„...

* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.

2,209

1988

896
3,004
403
11,619
6,083
1,138
12,163
448
2,682
434
1331
1.245
6,023

9,589
L420

142 Other industries
Agriculture, forestry, and fishing
„
143
Agricultural production — crops .......................................................
144
Agricultural production - livestock
145
Agricultural services
146
Forestry
......„..„„„„„.,..
„... .
147
Fishing, hunting, and trapping
„
'.
148
Mining
149
Metal mining
......
150
151
Copper, lead, zinc, gold, and silver ores .....................................
152
Bauxite and other aluminum ores
153
Other metallic ores
154
Metal mining services
„
155
Nonmetallic minerals
156
Coal
157
Nonmetallic minerals, except fuels
158
v^onstruction ••••..*.....*...............«.........•.......*.......*....•«*«.......».....»....»*«•••••
159
Transportation, communication, and public utilities
160
Transportation
161
Railroads
162
Water transportation
163
164
165

575

1987

29,033

Franchising, business

Insurance
Life insurance
Accident and health insurance
Other
Real estate
.
Holding companies

494

1986

1990

36,414
-2.555

,

112 Finance (except banking), insurance, and real estate
Finance, except banking
113
114
115

375

1989

14,510

Metals and minerals
Electrical goods
Hardware, plumbing, and heating equipment and supplies
Farm and garden machinery and equipment
„
Machinery, equipment and supplies, nee
Durable goods, nee
Nondurable goods
Paper and paper products
Drugs, proprietaries, and sundries
Apparel, piece goods, and notions
.„........„..„„„..„.
Groceries and related products
Farm product raw materials
Nondurable goods, nee

111 Banking

1988

1987

2.977

3,469

377
716
379
193
564

444
612
980
180
760

526
730
935
222
1 057

1322
3389

426
11.965
6,388
1,310
14,307

490

3304

446

1349

U36

938
782
1,046
1,533
1661

8 8

416

8

8

823
505

590
767
596

880
1,002
772

858
1,171
587

258
720
242
95

674
937
384
69

647

476
750
655
-8

8

441

?>

(*>)

344

596

13,935
'378

13,262

14,942
561
397
62
1

16,140

21,001

541
363
63
-6
(D)

586
382
106
-6
70
34

4,663
2,651

5,168
3313

718

807

1.511

-24
400
45
2,012
1,629

1,853
1.486

215
101

(°)
57
(°)
5,076

8

551
358
106
1
63
22

3 191

4.745
2,753

909

784

2,024

1,660

1,189

439
98

(°)
(°)
4,850

1.341
2,586
1,542

1.911
1,464

3008
898
1.763
112
220
15
1.842
1,390
452
1,057
2,098
1,432

985
61

Q
61

752
50

238
19
1

(?)
(°)
6

1,885
1,574

1,992
1.649

311

343
969

569
1,044

660
385

4J54
1,855
2,699

615
447
8
439
5,087
2,135
2,952

(°)

657
666
80
586
6376
3,055
3321

(

35

1320
1,923
683

193
-191

119
265
-14
3,499

-128

193
36
-54
/Eh
fD\
-69
95
62

120
-100
57
684
204
63
10

52

1,215

379

2,111

2.588

2383

2,310

59
436
137
313
43

83
578
144
369
92

61
675
221
250
100

50
576
256
235
153

1,125

36
188
52
289
150
500

1,124

1,322

1,077

1,040

-655

1,906

1,273

2,735

1,429

817

2^17
19,194 11,103
12.756 3.564 -1,289
3
18
12,738 3.565 -1,292
927
601
601
-148
206
56
84
94
104
263
145
1.253
627
646
283
4
-143
774
11
2.875
5,063 7,081
1,223

5,413
-872
-29
-843
1315

5,434
-1-243

9354

10495
2,413
-3
2,416

154
156
97

303
85
979
27

4.873

5.284

619
98
234
58
64
6
4
101

1.025

1,264

182
419
58
120
40
39

149
483
53
127
84
49
169

734
35
457
76
144
147
-196

286

78
114

1,260
126
1,215
197
172
107
654
85
27
199
-42
-167
-72
-43
1

-145

10
74

1,642

101
962
109
119
434

379
747
4
-424

8
79
81
23

I

902

8 8

1,366

1,515

336
240

982

84
144

-202

1,287
7364

1,003
-377
7,578

1330

1377

165
753
94
129
191
153
186

132
872
103
60
209
254
246

73

182

8

130

$

111
83

172
83

132
59

198
141
69

49
183
49
7

65
313
52
-2

72
148
113
12

30
132
107
14

9
6

9
6

52

111

245

6

-7

-95 -2,152
51
-117
25
-89
4
-15
(£>]
(°]
6
-12

1,046

942

4,425

1,026

1,525

1324

1317

14
39
-41
1

-16
2
-7

58
35
38
0

995
47
27
7

85
50
6

97
63
(*)
-I

52
26
4
0

("]
-44i
-327
-266
-109

(DJ
538
598
90
284

-22
-24
5
0
-A
2
486
440

-6
17
36

134

(°3
-979

-2g

-726

(D 1

-i

-48
132

3,205
1.96C
1,138

1,222

e:
1
C

94;

-92
142
25
14

1,004

556
181

-19

54C

4,483
3,089
1,395
7447
3.704
3,743

1,984

2,022

310

•A2

1,855

79(

1.907

2.163

89

—1,035

1,245

99
357
24

128

-39

-548
-50C
-154

AA

114
392
35

212

8 P) P) P) 8 8

63
-73
-32
-5

-67
289
182

6 860
3,425
3,435

1331
176
309
36
82
90
-27
129

86
392
50
223

1,759

302
81

73
110
44
-1

988
-8

-180

526
719

1,180
72
101
1,007
1,508
3.960

-424

252
284
-1

160

1,104

369

38

398

P) 8

1,071
6,728
2,245

383
871

1.223

1990

1989

1988

50
278
37
218

—i

i9i
107
59
47
348
197
150

-75

(°I
i
60

(°]

41
19
-186
-335

-2M
-\oi

a*.

(°J

(T>

-101

4(
114
-97

H

-141
-266
125
92
37
-14
(D"

-102
-11
(D

-143

-90
-77
-13
-703
-592
-111

51
30
21
1,005
859
146

(t>)

(?)

(*]

12
C)
145
131
123

1,044

3374

449

205

82
-61
-1
14
12
2
90
282
75

34<

106

(°

-17

8

37
(*)

-121

^98
-23
-44

91
595
350
245
395
341
54

0*
/Cr

-59
-46
-13
156

53

3,169
2^00

669
299
48
251

60
207
70
137
432
224
208

8D
()

189
229
45
91
83
9
*4
-41
-83
43
35
162
44
*
U
3(
118
13
105
556
291
265

P) 8 P)
(°)

324
360
81
138
112
28
"
-36
-97
61
69
316
141
_;
4<

e

si

174
10
164
719
358
361

P.

434
600
76
288
-6
242

204

(°)

Hi
(*.

183
2
46
22
23
180
490
178
4
176
-7

51
218
95
123
818
368
450

4
312
122
190
783
421
362

]
-167

(°

jo
107
413
191

BUSINESS CYCLE INDICATORS
Data tables
Footnotes for pages C-l through C-5
Charts
'.

C-l
C-6
C-7

Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources are provided through
the courtesy of the compilers and are subject to their copyrights.
Current and historical data for the series shown in the C-pages are available on printouts, diskettes, and the Commerce Department's Economic
Bulletin Board. For more information, write to Statistical Indicators Branch, Business Outlook Division (BE-52), Bureau of Economic Analysis, U.S.
Department of Commerce, Washington, DC 20230.
NOTE.—This section of the SURVEY is prepared by the Statistical Indicators Branch.
Year

1991

1990

Series title and timing classification
July

1990

Aug.

Mar.

Oct.

Sept.

May

Apr.

July

1. CYCLICAL INDICATORS
1.1 Composite Indexes
The Leading Index
910 •

(1)

(5)
(8)
(32)
(20)
(92)
(99)
(19)
(106)
(83)

950
•

Composite index of leading indicator;, 1982-100 (L,L,L)
Percent change from previous month
Percent change over 1-month span, AR
Percent change over 3-month span, AR

143.9

-.3

1462

.1
1.7
2.8

1462

0
0

144.4

1432

-12

-.8
-95

'142.8

'143.7

-5
-5.8
1.4

13.8
'5.6

M41.3
'.8
'9.8
92

141.8

-2
-2.5
-7.7

'4.3
'7.6

'8.8
'7.0

'7.8
'105

'152

-.15
-21

.08
.02

-23
.08

-.08
-21

0
-20

-.08

.15
24

.30
.10

'-.07
.14

.06
0
-.08

-.12
.07
-.13

.13
.04

.07

-.19
-.04
-.07
.05
-.06

'.02
.16
'-.10

'-.12
.06
'.01
.10
'-.11

'.39
.14
'.31
.01
'27

-.05

"-.06

'.03

.15
23
.83

.11
.01

'.06
-.02

'-.02

59
.16
25

-.03

-.36

.02

-.12

.16

'-.17
-.06

59.1

63.6
'81.8

72.7

'63.6

'72.7

1415

-12

138.7

1402

1.1

'.4

'.7

'.6

-4.3
-.07
-.01

.07

0

-.12

-.17

-22
-23

.13
.15
-28

-.20
-.05

.04

-.32

-29

.05

-.04

28

.03

.05
-24

-.13

21
-.07
-.10

-.09
-.16

-.16
-.11

-21
.02

-.03
-28

-20
-.07

-.15
-.06
-.18
0

.12

.08

-.01

-.30

-.18

-.01
-.08

-.47
-.15
-.53

-26
-.12
-.15

-.15
-.15
-.16
-.29

.07

.03

.06

45.5
27.3

27.3
31.8

36.4

13.6

27.3

27.3

45.5

9.1

9.1

0

182

182

36.4
27.3

545

40.9
72.7

133.1
—.3
-3.1
-3.1

134.9

134.6

134.4

133.3

131.8

130.4

129.3

127.3

126.6

126.0

1262

'126.9

'1272

0

-12.7
-11.4

-12.0
-115

-9.7
-13.0

-17.1
-112

-6.4
-9.8

-5.5
-3.4

1.9

2.7

-1.8
-4.7

-9.4
-8.1

'1-Q

'6".9
'3.9

'2.9
1
22

.04
-.03
-.03
-.92

.15
.06
.18
.15

-.06
.13

-.09
-23

0
-.19

-.16

-.46

-.19
.15
-.18
-.11

'.11
'.17

-28
-53

-.15
-.82
-.16

-.12
••-.12

.03

-.19
.10
-.41
-.40

-.19
-.02

.03
29

-.13
-55
-.18
-.06

-.10
.22

.08

'24
'21

'-.02
'24
'.18
*\07

54.2
52.1

100.0
50.0

50.0
75.0

50.0

25.0

25.0

0

50.0
66.7

118.7
_g
-4.0

1192

118.7

118.7

118.6

118.4

119.1

119.7

119.3

119.1

-.1

-1.3

0

-2.0

__2
-10
1.4

£
73
3.8

5
62
3.1

_(;
-35
0

-2.0

-.7

.4
5.2

-4.9

-.3

Diffusion index of 11 leading indicator components:
Percent rising over 1-month span
Percent rising over 6-month span
......................................

117.3
-1.5
-16.7
'-11.8

'115.6
'-1.4
'-16.
'-16.9

'113.7
'-1.6
'-18.0
3
-12.3

-.04

-20

-.05

-.10

-.05

-20
26
.10

0
26
.78

0
26
.17

-.19
-.13

-.09
-.13

-.31

0

-26

.36
-26

-.18

'-.17

'-.58
'-.13
'-.13

0
.05

P\2

'75.0

0

25.0
'25.0

100.0

0

0
0

25.0

0

0
0

25.0

0

118.9

Contributions of leading index components:l
Average weekly hours, mfg. (L.L.L)
'.
„
Average weekly initial claims for unemployment insurance
(inverted) (L,C,L)*.
New orders in 1982$, consumer goods and materials (L,L,L)
Vendor performance, slower deliveries diffusion index (L,L,L)
Contracts and orders for plant and equipment in 1982$ (L.L.L) ...
Building permits, new private housing units {L.L.L)
Change in unfilled orders in 1982$, durable goods, smoothed
i\ i i \ +
(L,L,L) t .
Change in sensitive materials prices, smoothed (L.L.L) t
Stock prices, 500 common stocks, NSA (L,UL)
Money supply M2 in 1982$ (L.L.L)
Index of consumer expectations, NSA (L,U_)

'145.4

139.7
-1.3
-142
-102

139.4

-13.4
-12.4

-13.8
-8.0

-3.7
-3.8

0

.07

-.06

-.04

-.50

-.14

.02

.11

-.15
-.12
-.09

-.04
.12
-25

.03

.16
.16

-.03
-.09
-.10
38.3

325

-.09
-.10

-.03
-.12

.03

-12.3

.14

-.12

22

23

-.06

-.10
-.05
-.11

23
'.34

.11

0

.03
.03

The Coincident Index
920 •

•

I

951

Composite index of coincident indicators, 1982*100 (C.C.C)
Percent change from previous month
—
Percent change over 1-month span, AR
_
Percent change over 3-month span, AR
Contributions of coincident index components:1
Employees on nonagricultural payrolls (C,C,C)
Personal income less transfer payments in 1982$ (C.C.C)
Industrial production (C C C)
Manufacturing and trade safes in 1982$ (C.C.C)
»

..-.

Diffusion index of 4 coincident indicator components:
Percent rising over 1-month span
Percent rising over 6-month span

,4
4.6

-2.6

-22

-24
.11

.13
.45
2

2

126.9
2
2

-2
-23

'-.05
'-.17
'.17
2

33.3

The Lagging Index
930 •

(77)
(62)
(109)
(101)
(95)
(120)

952

Composite index of lagging indicators, 1982=100 (Lg.Lg.Lg)
Percent change from previous month
Percent change over 1-month span, AR
Percent change over 3-month span, AR

-.4

Contributions of lagging index components:l
Average duration of unemployment (inverted) (Lg,Lg,Lg)$
Ratio, mfg. and trade inventories to sales in 1982$ (Lg,Lg,Lg)....
Change in labor cost per unit of output, mfg., smoothed
n n 1 n 1 T. +
(Lg.Lg.Lgj n\
Average prime rate NSA (In Lg Lg)
Commercial and industrial loans in 1982$ (Lg,Lg,Lg)
Ratio, consumer installment credit to personal income (Lg.Lgig)
Change in Consumer Price Index for services, smoothed
{Lg,lg,Lg)t.
Diffusion index of 7 lagging indicator components:
Percent rising over 1-month span
.................
Percent rising over 6-month span
_

940 •

-.1

Ratio, coincident index to lagging index. 1982-100 ( L U )

„.

-.4

0
0

-1.0
-1.0

20
.13
.02

.03
.07

-.13

.03

-26

26

-.03

-.05

^.03

-.02
-.03
-.11

0
.05
.09
.14

0
-25
.09
.14

0

0

0

-.56

.05

.12

-.10

-.03
-.16
-.14

-.34
-.19

-28
.03
.06
24

-28

-,15
-.06

.02

0
.08
-22
.05

47.6
41.1

50.0
50.0

64.3
50.0

35.7
50.0

35.7

357

64.3
35.7

35.7
35.7

57.1
42.9

78.
42.

42.
14.

112.0

113.6

112.9

1112

112.3

111.1

110.1

108.6

.13

NOTE.—The following current high values were reached before June 1990: January 1984—BCI-940 (116.1)

106.

.02
.17
-.12
.14

106.

—j

-75

-.03
'.39

-.1

-.14

21.
0
105.

0
'-.4

'0

-.38

'14.
3

3

113.5
3
-2
3
-2.1

'.18
'-.33

-29

0

0

'-.3
'-.40
-.34

'-.1
'-.34
'-.34

'.11

14.

'7.

'-.13

3

50.0

0

107.

'109.

'111.

'111.8

See page C-6 for other footnotes.

and October 1989—BCI-93O (12O.O).




C-l

SURVEY OF CURRENT BUSINESS

C-2
Series

no.

Year

August 1991
1991

1990

Series title and timing classification
1990

June

July

|

Aug.

|

Sept

Ocl

Nov.

Dec

Jan.

Feb.

|

Mar.

Apr.

May

|

June

| July *

1. CYCLICAL INDICATORS - Continued
1.2 Employment and Unemployment
1•
21 •
5*

Marginal employment adjustments:
Average weekly hours, mfg. (L.L.L)
Average weekly overtime hours, mfg. (I_C,L)
Average weekly initial claims lor unemployment insurance, thous.

40.8
3.6
380

40.9
3.8
351

40.9
3.7
352

40.9
3.8
368

40.9
3.7
391

40.7
3.6
425

40.6
3.5
459

40.7
3.5
455

40.4
3.4
442

40.3
3.3
476

40.3
3.3
512

40.2
3.3
472

40.4
3.4
433

40.8
3.7
417

'40.7
"3.7
397

46 •
60

Job vacancies:
Index of help-wanted advertising, 1967=100 (LLg,U)
Ratio, help-wanted advertising to unemployment (L,Lg,U)

129
.559

132
.599

132
.575

127
.539

122
.512

116
.483

107
.434

108
.423

100
.386

97
.354

95
.330

95
.342

94
.324

'96
'.327

"92
".322

203.49

204.94

204.51

203.86

204.76

20Z06

202.62

203.34

200.83

201.16

200.40

199.43

'200.62

114,728 114,958
109,971 110,435

114,774
110269

114,538
110,160

114,689
110,113

114,558
109,982

114201
109,761

114,321
109,621

113,759
109,418

113,696
109,160

113.656
108,902

114,243 113.319 113.576 113.474
108,736 '108,887 '108,866 "108.815
'462
'51.1
"50.8
38.5
"33.7
23,794 "*'23,S47 '"'23"789 •""23J79
615
61.6
62.0
61J5

45*
42
41 •
963

40*
90*
37
43 •
45
91 •
44

Employment:
Employee hours in nonagricultural establishments, bil. hours, AR
(U,C,C).
Persons engaged in nonagricultural activities, thous. (U,C,C)
Employees on nonagricultural payrolls, thous. (C,C,C)
Diffusion index of employees on private nonagricultural payrolls,
Percent rising over 1-month span
Percent rising over 6-montti span
Employees in goods-producing industries, thous. (L.C.U)
Ratio, civilian employment to population of working age, percent
(U.Lg.U).
Unemployment
Number of persons unemployed, thous. (L,Lg,U)$
„
Civilian unemployment rate percent {L,Lg U) j
Average weekly insured unemployment rate, percent (Clg.U)' i ....
Average duration of unemployment in weeks (Lg.Lg.Lg) $
Unemployment rate, 15 weeks and over, percent (Lg,Lg,Lg)t

48.5
43.7
24,958
62.7

48.3
44.9
25,093
62.9

46.6
42.7
25,027
62.7

47.8
38.6
24,937
62.5

45.1
37.2
24,842
6Z6

41.4
34.8
24,705
62.4

40.3
305
24,481
622

42.0
28.8
24,375
62.3

38.5
26.7
24,181
61.9

36.9
'312
24,039
61.8

38.6
'29.8
23,877
61.7

6,874
5.5
2.4
12.1
12

6,560
5.3
2.3
12.0
1.2

6,827
5.5
2.3
12.1
12

7,015
5.6
2.4
12.3
1.3

• 7,087
5.7
2.5
12.4
1.3

7,142
5.7
2.6
12.0
1.3

7,337
5.9
2.7
12.4
1.4

7,600
6.1
2.8
12.4
1.4

7,715
62
2.9
12.4
1.5

8,158
65
3.0
12.8
1.6

8,572
6.8
32
13.0
1.7

8,274
6.6
3.3
13.7
1.8

8,640
6.9
3.3
12.9
1.8

'201.58 "199.55

8,745
7.0
32
142
2.0

8,501
6.8
3.1
13.9
1.9

1.3 Production and Income

49
52

5
53*
47*
73*
74*
124
82 •

Output and income:
Gross national product bil. 1982$, AR (C,C,C) .
Percent change from previous quarter, AR ....
Value of goods output, bil. 1982$, AR (C,C,C).
Personal Income, bil. 1982$. AR {C,C,C)
Personal income less transfer payments, bil. 1982$. AR (C,C,C) .
Wages and salaries in mining, mfg., and construction,
bil. 1982$, AR(C,C,C).
Industrial production indexes, 1987-100:
Total (C.C.C)
Durable manufactures (C,C,C)
Nondurable manufactures (C,L,L)
Capacity utilization rates (percent):
Total industry (t,C,U)
Manufacturing (L,C,U)

4,157,3
1.0
1,629.3
3.406.1
2,896.8
532.0

3.422.3
2,9125
539.8

1092
111.6
107.8

110.1
113.4
107.6

83.0
82.3

83.8
83.1

4,170.0
1.4
1,839.7
3,414.9
2,906.6
532.0

3,4042
2,896.1
529.3

110.4
110,5
113.4
1135
108.1 ' 108.1
83.7
82.9

3,428.5
2,919.6
5375

838
83.1

3,375.9
2,8655
522.1

4,153.4
-1.6
1,821.0
3,3832
2,871.0
513.4

3,4002
2,8832
515.9

3,366.9
2,838.3
506.4

4.124.1
-2.8
1.797.5
3,366.5
2,837.0
502.9

110.6
113.8
108.0

109.9
1125
10S.4

108.3
109.9
107.7

107.2
107.5
107.4

106.6
1072
106.8

105.7
106.1
106.0

105.0
105.0
105.4

105.5
106.0
'105.9

'106.4
106.6
' 106.4

'107.1
M072
'107.4

"107.6
"108.0

83.6
82.8

83.0
822

81.6
80.7

80.6
79.4

80.0
.78.9

79.1
78.0

78.4
772

78.6
77.5

'79.1
'77.8

'79.5
'782

/•79.7
"78.4

'4,123.0
'-.1
'1,792.0
3,378.7 '3.373.5 '3,384.5 '3,3992 "33929
2,8452 '2,838.4 '2,8475 '2,860.6 "2,853.4
500.4
'502.6
500.6
'505.2 "504.6

1.4 Consumption, Trade, Orders, and Deliveries

92*
32*

Orders and deliveries:
Mfrs/ new orders, durable goods, bil. 1982$ (L,L,L)
„...
Mfrs.' new orders, consumer goods and materials, bil. 1982$ (L.LJJ
Mfrs.1 unfilled orders, durable goods, mil. 1982S0
Change from previous month, bil. 1982$
Change from previous month, bil. 1982$, smoothed ( L U ) t
Vendor performance, slower deliveries diffusion index, percent

57*
75*
59*

Consumption and trade:
Manufacturing and trade sales, mil. 1982$ (CC.C)
Index of industrial production, consumer goods, 1987-100 (C,L,C) .
Sales of retail stores, mil. 19825 (U.L.U)
„

7*
8*

107.11
93.60
422.577
1.67
53
47.3

106.54
96.32
420,696
-1.88
.01
50.9

104.35
92.32
420,570
-.13
-.31
49.7

107.54
93.07
422,157
1.59
-25
48.7

95.40
87.67
415,076
-7.08
-1.13
49.9

98.70
83.11
416.085
1.01
-1.35
46.8

96.39
83.95
415,859
-23
-1.34
43.3

96.04
84.84
415,953
.09
-1.13
43.3

'91.52
'81.94
412.651
-3.30
-1.31
4Z4

5,747,536 '485,983 '482,739
107.3
107.8
1075
1,467,477 '122,676 '122,995

488,778
107.8
122,476

479,875
108.7
122,401

478,691
108.6
121268

471,024
1065
121,488

461,198
105.7
118349

457,123
105.6
117.118

459,053
104.7
119,724

457,033 '465,340 '469211 "470,544 . . . . _ . „
104.7
105.5
'1072
'106.5
120,307 119,815 '120,719 '120,892 "121.477

1251.12 105.44
94.67
1,106.31
416,085 420,903
-2.46
.86
~J6
50.1
47.9

'96.84
95.04
'95.57 "105.83
r
'8951
87.35
87.47 "94.05
409,051 '406,602 '403,423 "408,842
-3.60 '-2.45
"5.42
'-3.18
'-2.05
-1.72
'-2.40 "-1.56
46.0
45.1
50.8
475

58

Consumer sentiment U. of Michigan, 1966:1=100, NSA

81.6

88.3

882

76.4

72.8

63.9

66.0

655

66.8

70.4

87.7

81.8

78.3

82.1

82.9

83 4

Consumer expectations, U. of Michigan, 1966:1*100, NSA
{L.UUO 3 .
Consumer confidence, The Conference Board, 1985-100 (L.L.L)
Consumer expectations, The Conference Board, 1985-100
<U,L>.

702

76.6

77.3

62.9

58.8

50.9

52.8

53.7

552

62.0

845

74.7

715

75.9

74.4

915
837

102.4
96.6

101.7
91.8

84.7
742

85.6
77.7

62.6
55.6

61.7
56.1

612
59.8

55.1
55.3

59.4
63.6

81.1
100.7

79.4
99.7

76.4
95.5

78.0
'100.9

77.7
100.3

'115.7
115.0
52235 "52,304

'116.5

'116.4

'31.99
'41.31
'3920
3651

"39.14
"46.98
"4421
39.12

122
123*

1.5 Fixed Capital Investment
12*
13*
10
20 •
27 •
9*
11
97

Formation of business enterprises:
Index of net business formation. 1967-100 ( L U )
Number of new business incorporations {L,L,L)
Business investment commitments:
Contracts and orders for plant and equipment bil.$ (L,L,L)
Contracts and orders for plant and equipment bil. 1982$ ( U U ) ....
MFrs.1 new orders, nondefense capital goods, bil. 1982$ (L,U) . „ . .
Construction contracts awarded for commercial and industrial
buildings, mil. sq. ft (UC.U)© 3 .
Newly approved capital appropriations, mfg.. bfl.$ (U.Lg.U) ..........
Backlog of capital appropriations, mfg., bii.$ (C,Lg,Lg)O

120.7
646,625

121.1
53,784

120.0
52,088

119.7
52,382

118.6
52.454

1172
52,181

116.1
51,422

1152
52,060

115.5
51,991

114.9
50,384

114.3
51,536

46227
542.77
499.71
713.94

37.53
43.48
39.48
57.86

'3956
'47.43
43.81
52.04

35.19
4121
38.38
54.43

38.06
46.84
43.97
57.76

40.83
47.36
44.52
5326

35.46
4Z88
3927
54.97

41.77
47.00
44.46
46.25

37.72
45.91
42.94
50.14

37.30
44.32
41.54
54.86

35.03
42.99
4056
44.82

33.44
40.86
37.18
51.98

146.45
104.96

105.06

'""106.34 „

,„..

"?i6b"43

ZZZZ1

41.89

NOTTS.—The following current high values were reached before June 1990: May 1983—BCI-123 (124.3);
November 1983—BCI-32 (67.5); March 1984—BCI-58 (1O1.O), BCI-83 (97.7). BCI-92 change (8.62), and
BCI-92 smoothed (4.61); September 1985—BCI-9 (93.19); December 1986—BCI-13 (65.691); November 1987—
BCI-46 (162); October 1988—BCI-5 (290) and BCI-53 (568.0); December 1988—BCI-7 (115.44), BCI-8
(99.79), and BC1-60 (0.741); January 1989— BCI-40 (25,406) and BCI-82 (85.1); February 1989—BCI-21 (4.0)
and BCI-122 (120.7); March 1989—BCM2 (126.5). BCI-37 (6,252), and BCI-43 (5.1); 1st Q 1989—BCI-




'36.72
"''104.96

"34.03

'32.07
'41.19
'38.04
47.11

Z.ZZ1"

11 (5O.O1); April 1989—BCI-l (41.2) and BCI-124 (85.0); May 1989—BCM5 (2.0); June 1989—BCI-91
(11.2); 2d Q 1989—BCI-97 (117.90); August 1989—BCI-59 (124,761); November 1989—BCI-90 (63.1);
December 1 9 8 9 - B C I - I 0 (46.27), BCI-20 (51.59). and BCI-27 (46.54); March 1990—BCI-42 (115.038); and
May 1990—BCI-44 (1.1) and BCI-92 level (423,364).
See page C-6 for other footnotes.

SURVEY OF CURRENT BUSINESS

August 1991
Series

no.

Year

C-3

1990

1991

Series title and timing classification
June

1990

July

Aug.

Sept.

Oct.

|

Nov.

Dec.

Jan.

|

Feb.

|

Mar.

|

Apr.

May

|

June

| July*

1. CYCLICAL INDICATORS — Continued
1.5 Fixed Capital Investment—Continued

76*

Business investment expenditures:
New plant and equipment expenditures by business bil.S AR
(C.Lg.Lg).
New plant and equipment expenditures by business,
bil.1982$,AR(C,LglLg).
Mfrs.' machinery and equipment sales and business construction
PKwnrtihfive hit C AR ft* t ft 1 nl
Index of industrial production, business equipment 1987-100

85*
87 •
88*

Gross private nonresident fixed investment, bil. 1982$, AH:
Total (C,Lg,C)
Structures (Lg Lg Lg)
Producers' durable equipment (C,Lg,C) ......
.»

61
100*

69*

28*
29*
89 •

Residential construction and Investment:
New private housing units started, thous.. AR (L,LL)
Index of new private housing units authorized by local building
permits, 1967=100 (L.L.L).
Gross private residential fixed investment, bit. 1982$, AR (L.LL)

532.96

53486

52902

524.19

521.31

524.30

53532

"54416

52752

„,„.„

-536.92

471.28

476.48

467.15

476.42

47420

474.64

465.43

47258

45653

463.83

451.72

M5950

'45624

'462.76

123.1

124.4

125.0

125.4

1264

125.4

1225

1215

121.6

120.6

120.3

'121.3

'1215

'1215

'122.4

'1,032
79.7

'1,070
80.1

515.4
1209
394.6
1,193
89.5

519.3
1224
397.0
1,187
89.6

1,026
73.8

1,106
783

1,131
84.1

1,155
86.6

971
68.1

847
64.0

992
695

907
71.1

977
7Z8

'983
77.0

1513

163.3

173.0

1763

1,130
73.0

'4945
'1096
'385.0

4963
113.7
383.1

5194
116.4
403.1

'1523

-25.0
-38.9 "*"-iO3"b

'-27.7
'-622

1.6 Inventories and Inventory Investment
30*
31 •

Inventory investment
Change in business inventories, bil. 1982$. AR (L,L,L)
Change in mfg. and trade inventories, biL$, AR (L,L,L)

70
77*

Inventories on hand:
Mfg. and trade inventories, bil. 1982$ (Lg,Lg,Lg)O
„.
Ratio, mfg. and trade inventories to sales in 1982$ (Lg.Lg.Lg) ....

99*
98

Sensitive commodity prices:
Index of sensitive materials prices, 1982=100
„
Percent change from previous month
Percent change from previous month, smoothed (LLL)t
Index of producer prices for sensitive crude and intermediate

-3.6
16.7
692.69
1.46

4.7
542 "

' ; '^425 '""'77o"o
696.87
1.43

700.40
1.45

699.18
1.43

44.1
698.15
1.45

£2

-26.4
24.6

697.82
1.46

697.98
1.48

692.69
150

69551
1.52

693.66
1.51

687.70
150

'687.01
1.48

'68326
1.46

'682.02
'1.45

126.53
-.99

124.31
-1.75

-25

12331
-.32
-.47
139.16

123.38
-.43
-.59
138.36

122.75

.11

'121.60
'-.94
'-.72
'136.42

121.49
'-.09
'-.68
136.14

121.09
-.33
-.61
136.82

119.80
-1.07
'-.63
136.54

119.43
-.31
-.60
136.70

205.4
128.0
105.8
81.5
189.9
164.7
176.0
1713
1463
126.4
124.9
75.3
3012

2035
128.6
1062

196.4
127.6
108.3

'185.4
'127.7
'115.1
'75.3
-184.6
M50.1
'175.9
160.3
'146.1
'128.4
'1325
58.0
29Z4

185.1
128.0
115.6
81.6
188.3
149.6
172.7
1523
1443
128.0
134.0
56.3
294.7

1735
131.4
112.4

1705
1353
105.7

162.0
135.9
95.4
57.5
1445
1413
169.3
138.1
133.7
1283
1152
78.5
279.8

.889
.193
100200
3202

.886
.192
99.001
3.224
.620

.826
.180
95286
3282
.620

•

""54.6

1.7 Prices, Costs, and Profits

23 •

materials, 1982=100 (LLL).
Cattle hides
Lumber and wood products
Wastepaper, news
Wastepaper, mixed, NSA.
Wastepaper, corrugated ...
Iron and steel scrap
Copper base scrap
.....
Aluminum base scrap
Other nonferrous scrap, n.e c, NSA
Sand, gravel, and crushed stone
Raw cotton
...
Domestic apparel wool
Index of spot market prices, raw industrial materials, 1967-100,
Copper scraps per Ib. © .
Lead scrap, $ per to.© ...
Steel scrap, $ per ton©..
Tin, $ per Ib., NSA©
Zinc, $ per Ib., NSA©
Burlap, $ per yd., NSA©
Cotton, $ per to.©
Print cloth, $ per yd., NSA©
Wool tops, $ per to., NSA©
Hides, Sper fc, NSA© ..
Rosin, $ per 100 Ib.©
Rubber, $ per Ib.©
Tallow, $ per Ib. © ...........

120*
19*.

16*
18*
22*
81 •
26 •

Consumer Pries Index for services, 1982-84-100
„ „
Percent change from previous month, AR
Percent change from previous month, AR, smoothed (Lg,Lg,Lg)t
Index of stock prices, 500 common stocks, 1941-43-10, NSA
Profits and profit margins:
Corporate profits alter tax bil $, AR (LLL)
Corporate profits after tax, bil. 1982$, AR (LLL)
Ratio, corporate domestic profits after tax to corporate domestic
income percent (L LL).
Ratio, corporate domestic profits after tax with IVA and CCAdj to
corporate domestic income, percent (U.LL).
Ratio, Implicit price deflator to unit labor cost, all persons,
nonfarm business sector, 1982-100 (LLL)§.

126.34
-.18

127.36
-.14

127.58

128.04

127.79

-27

.09

.17
21

.36
.30

-20
29

140.43

141.46

141.94

14259

142.33

141.13

139.33

217.8
129.7
1042
86.9
166.0
1662
181.5
172.7
158.3
1255
118.1
89.6
310.7

224.4
130.3
106.8
90.6
1632
169.6
187.8
1683
160.3
125.5
118.4
86.6
3172

222.7
130.3
107.3
90.6
158.6
170.8
1902
170.6
161.0
125.4
1242
84.1
319.7

220.1
1295
105.6
89.0
1525
174.4
198.8
177.6
168.4
125.7
119.9
81.7
321.1

215.3
129.3
100.6
82.1
151.5
174.6
196.0
184.1
172.4
1255
119.3
79.6
320.0

210.8
127.8
95.4
81.3
165.6
170.6
191.4
191.7
166.0
126.0
121.3
78.0
3135

212.3
127.4
94.4

.990

.890
.236
106.195
3.608
.728

504
234
107.646
3.462
.777

579

.883

226 *
117.647
3.362

351

288

288
.727
.790
4.712

64.090
.482
.129

.739
.790
5240
.947
61534
.475
.136

59501
.483
.138

140.4

141.1

141.6

142.1

142.7

7.1
63

6.1
6.4

43
6.2

43
5.9

52
55

330.75

315.41

307.12

31529

328.75

263

256
111.881
3390

287

374
288

366
288

.707
.740
5.000
1.080
63.317
.455
.133

.763
.740
5.000
1.067
64.090
.438
.127

.756
,740
5.000
1.011
64.483
.460
.128

1392

1383

139.6

5.8
5.9

8.1
5.8

7.1
6.0

33459

360.39

360.03

288

310
288
.735
.778
5250

575

I".ZZ

103.5

530

752

745

189.1
1585
1762
1685
146.8
127.0
1202
298.6

1883
152.9
1805
1673
146.4
128.6
134.3
'663
293.9

.859
.179
100.873
3292
.700

.181
99502
3252
.652

288

288

320
288

.736
.798
4.600
.915
59.062
.483
.133

.822
.782
4.600
.858
58.766
.484
.124

.795
.810
4.312
.868
58.997
.492
.132

1435
10.6

755

516

288
4260
.958
61538
.453
.135

.850
4270
.880
61.350
.427
.124
146.4

145.1

1455

145.8

25
6.0

1.7
52

3.4
45

25
33

5.1
3.6

325.49

36226

37228

379.68

37759

37829

38023

'163.7
"123.7
"4.1

166.4
126.5

3.9
4.1

'103.0

'1032

'103.5
'390.5

391.1

395.9

393.6

'123.7

'1252

„,„....

'126.4

62 •

.1

.3

101.4
0
—,t

1015
12
—^

101.1

1042
313

1035
-73

103.7
2.3

,;

5.0

6.0

6.1

-

'4.3

3843

123.1

101.4
-U

288
578

288

.736
.832
4.525
.965
60 362
'.446
.117

310

144.9

Unit labor costs:
Index of unit labor cost, all persons, business sector, 1982*100

1015
-2.3

.865
.129
89.749
3.506
.620

6.0
6.3

Corporate net cash flow bil 1982$ AR (LLL1

101.7
0

346
.148
90.292
3285
.620

.809
.820
4.300
.992
59.701
.449
.121

.795

3.7

'103.5

752

285.4

144.6

63

101.8
2.9

288

573

158.5
137.6
168.1
130.0
132.4
128.1
1238

6.0

35

Index of labor cost per unit of output, mfg.. 1987=100
Percent change from previous month, AR
Percent change from previous month, AR, smoothed
0-g.Lg,Lg)t.

732
1743
147.6
170.5
140.8
140.6
128.0
1363
65.7
2902

43

II™
4.1 mt
_

4.8

4.3 .................

.193
105.316
3.548
.700

-.65
137.63

177.6
138.5

179.4
141.8

1725
136.3
»"--'.

753
3032

.823
.184
106.339
3.328
.700
.288
.723
.801
4.600
.942
59.140
.490
.139

1.084
111.765
3.495
.831

255
114.757
3268

.712
.741
4.893
1.021
63.121
.464
.133

4.6

815
171.1
1675
177.3
179.4
156.1
1265
119.6

-51

'1273
1042

6.

104J

'1042
'Z3

~5J

'4.

'104.4
'2.3

'32

'104.1
'-3.4
'1.8

1.8 Money and Credit
Money:
Percent change in money supply M1 (L,L,L) ..
Percent change in money supply M2 (UCU) .
Money supply M1. bil: 1982$ ( U U )
Money supply M2, bil. 1932$ (UUL)

.33
27

-50
24

599.6
2,4305

602.4
2,4425

-.10
.15
5995
2,437.41

.65
.36
2,426.3

-.07

26

.08

598.1
2,417.4

5942
2,405.4

-.02
593.6
£3962

26
.12

593.4
2,3922

.16
.10

1.17

.79
.61

'-.11

.70

5913
2,384.4

597.4
2,395.9

602.6
2.412.4

'600.6
2,412.8

23

1.13
'.35
'605.7
'2,414.4

.80
'.15
'-.31
M2
'6092
'608.9
2,412.1 '2399.4

NOTE.—The following current high values were reached before June 1990: January 1983—BCI-102 (2.79);

3 d Q 1988-BCI-35 (433.1); December 1988—BCI-31 (98.6); 4th Q 1988—BCI-16 (189.1), BCI-18 (163.8), and

November 1983—BCI-99 smoothed (2.09); February 1984—BCI-28 (2,260) and BCI : 29 (158J); 1st Q 1984—

BCI-26 (104.6); March 1989— B d - 9 9 index (135.82); April 1989—BCI-23 (335.0); November 1989— BCI-70

BCI-22 (6.9) and BCI-30 (83.4); January 1985—BCI-62 smoothed (6.3); 2d Q 1985—BCl-87 (151.4); 3d Q

(705.14); and February 1990—BCI-69 (484.43).

1985—BC1-81 (8.6); March 1986—BC1-77 (1.58); October 1986—BCI-99 change (3.37); December 1986—
BCI-85 (2.49); 4th Q 1 9 S 6 - B C I - 8 9 (200.3); May 1987—BCM05 (637.9); May 1988—BCM06 (2,472.3);




See page C-6 for other footnotes.

Series
no.

August 1991

SURVEY OF CURRENT BUSINESS

C-4

Year

1991

1990

Series title and timing classification
June

1990

Aug.

July

Sept.

|

Nov.

Oct.

Mar.

Feb.

Jan.

Dec.

May

Apr.

June

July*

1. CYCLICAL INDICATORS - Continued
1.8 Money and C r e d i t - Continued
Velocity of money:
Ratio, gross national prodxt to money suppy M1 (C(C,C)
Ratio, personal income to money supply M2 (C.Lg.C)

107
108
112 •
113 •
111

Credit flows:
Net change in business loans bi! $ AR (UL L)
Net change in consumer installment credit bil.$T AR (L,L.L)
Percent change in business and consumer credit outstanding,
AR (L.L.L).

no •

6.729
1.411
1646
1654
-1.0

1.406

'6.601
'1.411

'1.416

'1.419

49.18 '-110.18
14.15
-3.84
-4.1
-22

'-6623
'-15.97
'-6.4

'-54.54
'-21.96
'-8.5

'4.92

6,911.8 '3,087.0 '5,973.9 "4,017.2 '4,473.0 '3,591.9 '4,676.5 '10,242.8 '11,9972 '7,317.7 '5,069.1 '12248.0
2.67
2.53
2.57
2.53
2.47
2.56
2.47
2.55
2.43
2.53

'4,930.5

1.410

1.415

6.756
1.413

1-414

1.413

6.714
1.419

1^25

1.418

6.653
1.411

505

4261
28.74
4.8

42.25
13.13
-.9

55.44
20.44
-4.4

-23.58
-1.37
-1.1

-41.34
11.75
-5.5

-54.52
-15.72
-10.6

2122
-25.67
-3.8

-43.46
-2.41
-1.4

9.94
-6.0

'281776

194360

414 648

400814

1.408

mil.$, AR (L.UL).

93
94

Bank reserves:
Free reserves, mil.$, NSA (L.U.U) $
Member bank borrowings from the Federal Reserve, mil.$, NSA
(LXg U)

119*
114*
116 •
115*
117
118
109 •
66
72
101 •
95 •

Interest rates {percent NSA):
Federal tunas rate (L,Lg Lg)
Discount rate on new issues of 91-day Treasury bills (Clg.Lg) ..
Yield on new issues of high-grade corporate bonds (Lg,Lg,Lg)....
Yield on long-term Treasury bonds (C.Lg.Lg)
Yield on municipal bonds, 20-bond average (U.Lg.Lg)
Secondary market yields on FHA mortgages (Lg.lg.Lg)
Average prime rate charged by banks (Lg.Lg.Lg)
Outstanding debt:
Consumer installment credit outstanding, mil.$ (Lg,Lg,Lg)O
Commercial and industrial loans outstanding, mil.$, (Lgig.Lg) ••••
Commercial and industrial loans outstanding, mil. 1982$
(Lg.Lg.Lg).
Ratio, consumer installment credit outstanding to personal
income, percent (Lg.Lg.Lg).

60,779.7
2.57

507
928

239
881

385
757

68
927

291
624

455
410

741
230

1,362
326

1,661
534

1,591
252

991
241

885
231

814
303

'676
340

'347
'607

8.10
7.51
9.84
8.73
7.27
10.17
10.01

8.29
7.74
9.69
8.62
7.24
10.18
10.00

8.15
7.66
9.72
8.64
7,19
10.11
10.00

8.13
7.44
10.05
8.97
7.32
10.28
10.00

8.20
7.38
10.17
9.11
7.43
10.24
10.00

8.11
7.19
10.09
8.93
7.49
1023
10.00

7.81
7.07
9.79
8.60
7.18
9.81
10.00

7.31
6.81
9.55
8.31
7.09
9.66
10.00

6.91
6.30
9.60
8.33
7.08
9.58
9.52

6.25
5.95
9.14
8.12
6.91
9.57
9.05

6.12
5.91
9.15
8.38
7.10
9.61
9.00

5.91
5.67
9.07
829
7.02
9.61
9.00

5.78
551
9.11
8.33
655
9.62
8.50

5.90
5.60
9.37
8.54
7.13
9.71
8.50

5.82
5.58
9.38
8.50
7.05
9.59
8.50

735,102
467,049
401,717

730,355
465,210
407,008

732,750
458,761
409,398

733,844
472,282
405,392

735,547
476,902
402,789

735,433
474,937
393,160

736,411
471,492
392,583

735,102
466,949
393,386

732,962
468,717
393,880

15.74

15.74

15.72

15.70

15.66

15.66

15.61

15.50

15.52

15.48

15.42

'15.42

'15.29

'15.18

237.8
202.9

237.1
'205.1

2402
'199.7

234.7
199.8

2332
199.1

2352
197.7

'2352
199.2

2382
200.5

239.9
'203.0

'241.3
'205.2

i i\

14
39

Credit difficulties:
Current liabilities of business failures, mil.$, NSA (LUi)t
Percent of consumer installment loans delinquent 30 days and
over(U,L)0*.

f 651.0
'627.0
'1702
'-1462
'42

732,762 732,442 733,621 '732,289 '730,460
465,095 469,193 '460,011 '454,492 '449,947 '450"357
396,839 '403,781 '396,561 '390,122 '386,885 '388239

1.9 Alternative Composite Indexes
CIBCR long-leading composite index, 1967=1001 .
CIBCR short-leading composite index, 1967-100l

237.4
204.5

237.8
204.9

2393
"204.1

240.6
2022

'241.7
'207.1

2. OTHER IMPORTANT ECONOMIC MEASURES
2.1 Savings
290
295
292
298*
293 •

Gross saving bit.$, AR
Business saving, bil.$, AR
Personal saving, b i l j , AR
Government surplus or deficit, bil.$, AR „
Personal saving rate, percent

665.9
605.8
166.5
-1064
42

6573
607.8
180.1
-130.6
4.6

:::::::::

6192
610.3
1675
-158.6
42

:::::::::::

697.1
625.1
168.7
-96.8 ::::::::::::::
4.2

2.2 Prices, Wages, and Productivity
Price Movements

310

Implicit price deflator for gross national product 1982=100
Percent change from previous quarter, AR
Fixed-weighted price index, gross domestic business product,

311

Percent change from previous quarter, AR
Consumer Price Indexes for all urban consumers
AH items, 1982-84-100, NSA
Percent change over 1-month span ..
Percent change over 6-month span, AR
All items less food and energy, 1982-84=100
Percent change over 1-month span ..
Percent change over 6-month span, AR

320
323

336
337
•

334
*
333
332
4

331
4

Producer Price Indexes:
Finished goods, 1982-100
Percent change over 1-month span ..
Percent chanoe over 6-month soan AR
Finished goods less foods and energy, 1982=100
Percent change over 1-month span ..
Percent change over 6-month span, AR
Finished consumer goods, 1982=100 ....
Percent change over 1-month span ..
Percent change over 6-month span, AR
Capital equipment 1982=100
Percent change over 1-month span ..
Percent change over 6-month span, AR
Intermediate materials, supplies, and components, 1982=100
Percent change over 1-month span ..
Percent change over 6-month span, AR
Crude materials For further processing, 1962=100
Percent change over 1-month span ...
Percent change over 6-month span, AR

1315
4.1
133.3

132.2
3.7
133.9

133.1
2.8
135.4

134.8
52
1365

'1362
'42
137.9

4.5

4.1

4.7

4.6

'2.8

130.7

129.9

130.4

131.6

1327

133.5

133.8

133.8

.5
5.8

.6
62

.4
6.9

.8
72

.8
6.6

.6
6.7

.3
5.4

.3
37

135.5

135.3

136.0

136.7

137.3

137.7

138.1

.4
5.4

.5
5.3

.5
5.1

.5
5.3

.4
4.9

.3
5.5

.3
5.9

138.6
.4

119.2

117.6

118.0

119.3

120.8

122.3

122.8

122.3

.5
51

0
61

1.1
90

1.3
82

12
7.6

.4
3.7

-.4

126.4
2
3.4
116.3
-.1

.3
89
126.8

127.1

12

.3

1.5

11.0
123.0

10.9
123.4

126.6

.3
3.8
118.2

.5
5.7
122.9

122.7

1275

127.8

128.4

.3
3.5

2
3.5

.3
35

2
4.5

.5
4.5

116.6

118.3

1202

122.1

122.6

5.3

r j

128.6

2

'4.4
121.7

1.6
9.5

1.6
8.8

.4
3.8

-7
'-5

123.8

124.1

124.4

124.B

.3

.3
35

.4
3.1

2
3.3

.3
3.6

.3
3.5

2
4.4

2
4.1

114.5
.4

112.8

112.8

114.3

116.1

117.9

118.1

'3.9
1172

-.1
6.1

0
92

1.3
9.4

1.6
8.0

1.6
6.9

2
2.5

-.8
-27

100.6
-2.4
20.3

101.0

1102

115.6

125.4

117.6

111.2
-5.4
'-23.7

3.7
106.9

.6
8.4

.4

9.1

4.9

8.5

-62

48.8

30.1

22.2

25.6

-10.1

NOTE.—The following current high values were reached before June 1990: July 1983—BCI-14 (829.2);
February 1984—BCI-39 (1.78); May 1984—BCI-93 ( - 2 3 8 0 ) and BCI-118 (15.01); June 1984—BCI-111 (23.2),




134.6
.4
2.9
139.7
.8
5.1'

134.8

135.0

1352

135.6

136.0

2
2.9

-.1
2.7

2
22

.3

2

2

1407

140.9

1412

1415

142.0

142.5

7
5.0

.1
5.0

2
4.0

2

.4

A

122.4
.1
-2.0
129.6
.8

121.5

'1212

121.4

121.1

'-2
-15

121.1
'-.1
-2.1
1302
'-.1

121.8

-.7

.6

-.3

-2

1307

1307

131.0

3.8

121.6

-.1

-3.4
125.7

-1.6
129.9

2
3.6
120.5

-.9

-2.9
125.9

'130.3
r
.
-3

3.3

'119.9
'-.5
-2.8
'1262

2.3

7

2
2.9

'2
2.9

116.6

1157

114.5
-1.0
-5.4
'101.0
'-3.3
-20.7

-5

-6.5
1132

-&

-7.0
1045

1.8

-77

-35.3

-26.4

22
120.0

.4

0

1362

2
- - » • » »

120'8

120.0

'.1

7

-7

-.3

-3.3
125.5
'-.6

1262

126.6

1267
.1

1.6
114.0

-.4
-4.9
100.9
'-.1
-232

.6
113.9
-.1
100.9

0

.3
....
114 0

.1

1137
-.3

99.0 ""•""992"
-1.9
2

1985—BCM10 (869,764); October 1989—BCI-95 (16.06); and March 1990—BCI-101 (409,697) and BCI-112
(131.06).

BCI-115 (13.0O), BCI-116 (14.49), and BCM17 (10.67); August 1984—BCI-94 (8.017), BCM09 (13.OO), BCI114 (10.49), and B C M I 9 (11.64); 4ih Q 1984—BCM07 (7.029); September 1 9 8 5 — 8 0 - 1 1 3 (13108); 4th Q

................

See page C-6 for other footnotes.

SURVEY OF CURRENT BUSINESS

August 1991
Series
no.

Year

Series title and timing classification

1990

C-5
1991

1990
June

| July

|

Aug. | Sept. | Oct.

| Nov. | Dec.

Jan.

Feb.

Mar. | APT.

May

j*.

| July •

2. OTHER IMPORTANT ECONOMIC MEASURES - Continued
2.2 Prices, Wages, and Productivity — Continued
Wages and Productivity
Index of average hourly compensation, all employees, nonfarm
business sector, 1982=100 §.
Percent change from previous quarter, AR§
Index of real average hourly compensation, all employees, nonfarm
business sector, 1982=100 §.
Percent change from previous quarter, AR §
Index of output per hour! all persons, business sector, 1982-100 §
Percent change over 1-quarter span, AR§
Percent change over 4-quarter span, AR§
Index of output per hour, all persons, nonfarm business sector,
1982=1OO§.

'142.1

136.8

' 137.8

3.8
101.0

'5.0
"101.1

"3.8
"100.3

'4.2
"1005

'4.4
'101.1

-1.5
112.4
-.4
.1
111.2

'-1.8
"112.7
.9
'.2

'-3.0
'112.3
-1.2
'.3
'111.2

'112.3
'0

'2.3
'112.8
'1.6

'1112

2.3 Labor Force and Employment
441
442
451
452
453

124,787
117,914

124,797
118,237

124,709
117,882

124,705
117,690

124,970
117,883

124,875
117,733

124,723
117,386

125,174
117,574

124,638
116,922

125,076
116,918

125,326
116,754

125,672
117,398

125232
116591

125,629
116,884

125214
116,712

77.8
57.9
53.7

Civilian labor force, thous.
Civilian employment, thous
Civilian labor force participation rates (percent)
Males 20 years and over
Females 20 years and over
Both sexes 16-19 years of age

77.8
58.0
532

77.7
58.0
52.5

77.7
58.1
51.3

77.9
57.9
53.1

77.8
57.7
53.0

77.8
575
52.4

77.9
57.8
52.8

77.3
57.6
53.0

77.4
57.8
53.3

77.6
57.8
53.6

77.7
58.1
52.6

77.4
57.8
52.2

775
582
512

77.4
57.S
50.0

2.4 Government Activities
Defense indicators:
Defense Department gross obligations incurred, mil.$
Defense Department prime contract awards, mil.$
Defense Department gross unpaid obligations outstanding,
mil.$0.
Manufacturers' new orders, defense products, m!l.$
Index of industrial production, defense and space equipment,
1987-100.
Employment defense products industries, thous
Federal Government purchases of goods and services, national
defense, bil.$, AR.

131,796

9,348

9,988

14,077

32,664
13,458
212,396

26,637
4,262
204,677

'29,150
8,117
'196,282

8202

19,434

13,411

11,480

6,041

14,379 '10276

93,458
972

7,731
97.6

7,792
97.8

8,499
97.7

7,745
97.3

7,515
97.3

5,044
962

6,844
95.8

7,683
94.4

7,922
94.5

93.9

7.790
92.5

'9,531
'915

'8,322
"90.6

1230
313.6

1238

1,230

1223
312.6

1216

1,207

1,196
325.0

1,192

1,187

1,173
3312

1.167

1.157

"1,148
'327.1

'1,138

393,576
38,753
83,098
495,310
60.884
70,527
389,550
497,665
-108,115

33,834
3,592
7,072
40,168
3,563

33586

33,570
2,858
6,927
39,694
5,353
5.475

34,144
2,906
7,069
41,520
5,385
5,904

33599
3,300

34,030
3,081
6,947
38,100
3,872
5,544

35,632
3,045
7,732
40,139
4,054
5,445

'35,270,
3,070
7,440
'40,062

34,838
2,929
7,439
38,860
4,160
5,426

'9,742
'90.0

2.5 U.S. International Transactions
Exports, excluding military aid shipments, mil.S
Exports of domestic agricultural products, mil.$
Exports of nonelectrical machinery, mil.S
Imports of petroleum and petroleum products, m i l i
Imports of automobiles and parts, mil.S
Merchandise exports, adjusted, excluding military, mil.S1
Merchandise imports, adjusted, excluding military, mil.$>
Balance on merchandise trade, mil.$ l

32,154
3,182
7,104
41,399
3594
5,855

32,514
3223
6,767
4.365
6,179
96,638
125,398

32229
3,021
6,912
41,315
6,502
5,999

34,630
3,047
7,254
44527
6,927
6,567

3,158
6,774
43,123
6,332
5,993

100,580
128,308
-27,728

-28,760

6,977

39,103
3,846

5,311
'100,900
'119,294
"-18,394

4,100
5,037
'104,108
'119,732
'-15,624

2.6 International Comparisons
Industrial Production Indexes (1987=100)
47 •
721 •
728*
725*
726*
722*
727 •
723*

United States
OECD, European countries2
Japan ....
Federal Republic of Germany
France...
United Kingdom
Italy
Canada"" . . .

„

„

. -

.

"106.4
'107.1 '107.6
'109
'126.0 '123.0 , „ „.
'120
117
,
'109
.-.
'98 ....„
'1052
'98.5

109.2
111
121.3
114
109
103
1102
101.4

110.1
111
121.1
114
109
107
108.8
102.7

110.4
111
1232
115
112
103
110.7
103.1

110.5
111
122.9
116
112
102
110.7
^ 0

110.6
111
122.4
117
110
102
111.7
100.4

109.9
111
125.6
117
110
102
108.4
100.3

108.3
110
124.3
116
108
100
107.7
98.6

1072
110
123.8
116
106
100
110.5
972

106.6
111
125.8
119
110
'100
109.6
97.6

105.7
111
125.7
118
109
101
109.3
'96.7

105.0
110
123.0
118
106
101
109.1
96.1

105.5
'109
123.3
117
'110
98
'1042
'975

130.7
5.8
111.4
4.0
112.1
2.9
133.1
3.5
1482
9.4
159.5
6.5
135.4
5.7

129.9
62
111.0
33
111.9
2.9
132.6
41
148.9
12.8
158.7
6.3
135.1
3.6

130.4
6.9
110.9
51
111.9
4.4
132.9
4.8
149.0
10.0
159.3
6.7
135.8
5.1

131.6
7.2
111.4
4.4
112.2
4.0
133.7
44
150.5
6.6
160.3
7.5
135.8
5.9

13Z7
6.6
112.4
49
112.6
3.6
134.4
4.1
151.9
6.3
161.2
7.1
136.3
5.3

1335
6.7
113.9
6.8
113.4
3.8
1352
4.3
153.1
6.1
162.6
7.1
137.4
10.3

133.8
5.4
113.5
54
1132
32
135.0
36
152.7
4.8
163.6
7.1
1382
95

133.8
3.7
1132
5.1
113.3
2.1
134.9
22
152.6
3.8
1642
6.8
138.1
8.8

134.6
2.9
114.1
20
114.0
12
135.5
1.6
153.0
£9
165.4
6.6
141.7
7.7

134.8
2.9
113.8
2.3
114.3
2.1
135.7
2.1
153.8
4.8
167.0
6.5
141.7
6.6

135.0
2.7
114.3
2.1
1142
3.4
135.8
2.4
154.4
5.0
167.4
6.8
142.3
72

1352
22
114.8

135.6

136.0

115.4

1145

114.7
5.0
136.3

115.2

156.4
A3
1682

156.9

142.3
1.6

143.0

364.0
1,974.9
355.6
835.0
1,043.0
4085
386.6

392.0
2,1552
385.3
9322
1,118.0
485.6
400.4

391.6
2,119.1
393.7
899.7
1,109.6
457.4
402.4

359.8
1,833.0
348.9
796.5
1,030.1
387.9
378.1

343.1
1,644.4
308.8
714.6
971.1
354.4
357.0

334.1
1,592.1
297.8
726.8
974.1
338.4
3482

343.0
1,5722
292.4
713.9
969.3
3012
356.0

357.6
1,579.4
299.9
719.4
993.4
'305.4
368.0

354.1
1,542.4
2805
694.7
969.3
289.1
369.8

394.1
1,696.8
300.8
740.0
1,047.6
318.0
3912

4O5.0
1,7852
3145
822.6
1,137.9
3365
395.0

413.0
1.8032
3242
820.1
1,168.0
342.0
392.0

92.43

89.68

86.55

86.10

83.43

82.12

83.35

8351

82.12

88.12

91.41

Consumer Price Indexes (1982-84=100)
320
736
735
736
732
737
733

United States, NSA
Percent change over 6-month span, AR
Japan, NSA
„
PercentI chance over 6-month soan1,AR1
I B I V V K ^* t^U 1^9 WVWI V^,,IV*IM< W^^EII
'11
Federal Republic of Germany, NSA
Percent change over 6-month span, AR
France, NSA
Percent charae over 6-month soan AR
United Kingdom, NSA
Percent change over 6-month span, AR
Italy, NSA
.„
ZZ.
Percent change over 6-month span, AR
Canada, NSA ..„
Z.
Percent change over 6-month span, AR

115.8
„

136.6

168.8

1362
...............
116.8

„„.. ._„„

136.9
1572
157.6
................ .„
„
169.7

143.7

1435

Stock Price Indexes (1967=100, NSA)
19 •
748*
745*
746*
742*
747*
743*

United States
japan
„ „
Federal Republic of Germany
France Z.
„
United Kingdom
Italy
Canada
„„!

750 •

Exchange value of U.S. dollar, index: March 1973-100, NSA 3 .
Foreign currency per U.S. dollar (NSA):
Japan (yen)
„
...........
Federal Republic of Germany (d. mark)
France (franc)
United Kingdom (pound)
Italy (lira)
Canada (dollar)
-

413.6
4112
411.5
1,7762 1,712.1 1,639.9
'327.9
'339.3 '325.6
810.1 '779.4
840.7
1,155.9 '1,156.4 '1,158.3
331.6 '343.0 . '323.4
391.6
400.7
400.0

Exchange Rates

758 •
755 •
756 •
752*
757*
753*

See footnotes on page C-6.




89.05
144.82
1.6159
5.4449
.5630
1,198.05
1.1670

149.04
133.89
138.44
129.59
147.46
153.70
12922
1.4982
1.4857
15238
15701
1.5702
1.6375
1.6832
5.0895
5.0020
5.1032
52575
52680
5.4924
5.6613
5203
.5091
.5140
.5321
.5260
5525
.5847
1,235.60 1,199.65 1,157.07 1,172.87 1,141.62 1,117.04 1,12926
1.1603
1.1635
1.1600
1.1583
1.1448
1.1570
1.1730

9229

95.18

95.19

137.83
13822
137.11
130.54
139.75
137,39
133.70
1.7828
1.7852
17199
1.7027
1.6122
1.4805
15091
6.0483
6.0596
5.8282
5.4862 5.7540
5.0398
5.1253
.6062
.6056
.5601
.5715
.5490
.5091
5169
1,134.38 1,111.19 1,201.96 1261.57 1,275.67 1,325.09 1,329.55
1.1439
1.1493
1.1499
1.1535
1.1572
1.1549
1.1560

C-6

August 1991

SURVEY OF CURRENT BUSINESS

FOOTNOTES FOR PAGES C-l THROUGH C-5
a
AR

c
©
e
*

Anticipated.
Annual rate.
Corrected.
Copyrighted.
Estimated.
Available data for later period(s) listed in notes.

NSA
P
r
•
§
0

Not seasonally adjusted.
Preliminaiy.
Revised.
Graph included for this series.
Major revision-see notes.
End of period.

L,C,Lg,U Cyclical indicator series are classified as L (leading), C (coincident), Lg (lagging), or U (unclassified) at reference cycle peaks, troughs, and overall.
Series classifications are shown in parentheses following the series titles.
$ Cyclical indicator series denoted by t are inverted (i.e., the sign is reversed) for cyclical analysis calculations, including classifications, contributions to
composite indexes, and current high values,
t

Cyclical indicator series denoted by t are smoothed by an autoregressive-moving-average filter developed by Statistics Canada.

For information on composite indexes and other concepts used in this section, see "Composite Indexes of Leading, Coincident, and Lagging Indicators" in
the November 1987 SURVEY OF CURRENT BUSINESS and "Business Cycle Indicators: Revised Composite Indexes" in the January 1989 SURVEY.
References to series in this section use the prefix "BCI-" followed by the series number. Unless otherwise noted, series are seasonally adjusted.
Percent change data are centered within the spans: 1-month changes are placed in the ending month, 3-month changes are placed in the 3d month, 6-month
changes are placed in the 4th month, 1-quarter changes are placed in the ending quarter, and 4-quarter changes are placed in die 3d quarter.
Diffusion indexes are defined as the percent of components rising plus one-half of the percent of components unchanged. Diffusion index data are centered
within the spans: 1-month indexes are placed in the ending month and 6-month indexes are placed in the 4th month.
High values reached by cyclical indicators since the last reference cycle trough (November 1982) are shown in boldface type; high values reached prior to
the period shown in the table are listed at the bottom of each page. For inverted series, low values are indicated as highs.
Sources for series in this section are shown on pages C-27 and C-28 in the April 1991 SURVEY.

Page C-l
1. A component's contribution measures its impact, in percentage points, on the percent
change in the index. Each month, the sum of the contributions plus the trend adjustment factor
equals (except for rounding differences) the index's percent change from the previous month.
The trend adjustment factors are 0.142 for the leading index, - 0 . 1 8 6 for the coincident index,
and 0.030 for the lagging index.
2. Excludes BCI-57, for which data arc not available.
3. Excludes BCI-77 and BCI-95, for which data are not available.

Page C-2
•Preliminary August values: B C M 2 2 = 76.3 and BCI-123 = 96.3.
1. Data exclude Puerto Rico, which is included in figures published by the source agency.
2. Copyrighted. This series may not be reproduced without written permission from the
University of Michigan, Survey Research Center, P.O. Box 1248, Ann Arbor, MI 48106-1248.
3. Copyrighted. This series may not be reproduced without written permission from McGrawHill Information Systems Company, F.W. Dodge Division, 1221 Avenue of the Americas, New
York, NY 10020.

Page C-3
NOTE.—Major data revision: Series on productivity and costs (BCI-26, -63, -345, -346, -358,
and -370) have been revised by the source agency to reflect the adoption of a new benchmark and
the computation of new seasonal adjustment factors. Periods covered by these revisions are as
follows: BCI-26, -345, and -346 from 1986 forward; BCI-63 and BCI-370 from 1987 forward;
and BCI-358 from 1988 forward. For further information, contact the U.S. Department of Labor,
Bureau of Labor Statistics, Office of Productivity and Technology, Division of Productivity
Research, Washington, DC 20210.




• Preliminary August values: BCI-23 - 277.8, BCI-19 = 388.07, BCI-85 = 0,68; anticipated
3d quarter values: BCI-61 * 553.52, BCI-100 = 546.41; and anticipated 4th quarter values:
BCI-61 « 555.93, BCI-100 = 549.07.
1, Copyrighted. This series may not be reproduced without written permission from
Commodity Research Bureau, Inc., 75 Wall Street, 22d Floor, New York, NY 10005.

Page C-4
• Preliminary August values: BCI-119 « 5.71, BCI-114 = 5.39, BCI-116 = 8.90, BCI-115 =
=
8.23, BCI-117 = 6.92, and BCI-109 = 8.50.
1. This index is compiled by the Center for International Business Cycle Research (CIBCR),
Graduate School of Business, Columbia University, New York, NY 10027.

Page C-5
NOTE.—Major data revision: Series on wages and productivity (BCI-345, -346, -358, and
-370>—see note for page C-3.
• Preliminary August values: BCI-19 = 422.1, BCI-748 = 1,617.5, BCI-745 = 324.2, BCI746 = 792.1, BCI-742 =* 1,196.1, BCI-747 « 317.6, BCI-743 = 400.1, BCI-750 = 93.45, BCI-758
= 136.79, BCI-755 = 1.7427, BCI-756 = 5.9231, BCI-752 = 0.5936, BCI-757 - 1,303.38, and
BCI-753 = 1.1461.
1. Balance of payments basis: Excludes transfers under military grants and Department of
Defense sales contracts (exports) and Department of Defense purchases (imports).
2. Organisation for Economic Co-operation and Development
3. This index is the weighted-average exchange value of the U.S. dollar against the currencies
of the other G-10 countries plus Switzerland. Each country is weighted by its 1972-76 global
trade. For a description of this index, see the August 1978 Federal Reserve Bulletin (p. 700).

C-7

SURVEY OF CURRENT BUSINESS

August 1991

CYCLICAL INDICATORS
Composite Indexes
Aug. Apr.
P

T

Apr. Feb.
P

T

Dec. Nov.
P

T

Nov.

Mar.

P

T

Jan. July July
P T

P

Nov.
T .

920. Composite Incll of 4
(series 41,47, H 57)

1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992
NOTE.—The numbers and arrows indicate length of leads (-) and lags (+) in months from business cycle turning dates.
Current data for these series are shown on page C-1.




C-8

SURVEY OF CURRENT BUSINESS

August 1991

CYCLICAL INDICATORS
Composite Indexes: Rates of Change
Aug. Apr.
P

T

Apr. Feb.
P

Dec. Nov.
P

T

T

Nov. Mar.
P

Jan. July July

T

P T

Nov.

P

Percent change at annual rate
910c. Composite index of 11 leading indicators

T

1-month span 3-month span •

920c. Composite index of 4 coincident indicators

930c. Composite Index of 7 lagging indicators

Composite Indexes: Diffusion
Percent of components rising
950. Diffusion index of 11

Indicator components

1-month span
6-month span
100

n

50-

951. Diffusion Index of 4 coincident indicator components

1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992
NOTE.—Current data for these series are shown on page C-1.




100

n

C-9

SURVEY OF CURRENT BUSINESS

August 1991

Composite Indexes: Leading Index Components
Aug. Apr.
P T

Apr. Feb.
P T

Dec. Nov.
P
T

Nov. Mar.
P
T

Jan. Juty July Nov.
P T P
T

5. Average weekly Initial claims for u
5 (thousands-inverted
programs< th «S

insurance, State

8. Manufacturers' new orders in
materials industries (bil. dol.)

32. Vendor pertormance-slomr^lveries

20. Contracts « f orders for
(Mi. dol.)

1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992
NOTE.—Current data for these series are shown on page C-2.




C-10

SURVEY OF CURRENT BUSINESS

August 1991

CYCLICAL INDICATORS
Composite Indexes: Leading Index Components-Continued
Aug. Apr.
P T

Apr. Feb.
P T

Dec. Nov.
P T

Nov. Mar.
P
T

Jan. July July Nov.
P T
P
T

29. New private housing units authorized by
local building permits (Index: 1967=100)

200 -i

180-|

fill

92. Change in manufacturers' unfilled orders In 1982 dollars, durable
goods industries, smoothed1
^ (bil. dol.)

99. Change in sensitive materials prices, smoothed1 (percent)

19. Stock prices, 500 common slocks (index: 1941-43*10)

106. Money supply M2 in 1982 dollars (Ml. dol.)

i?00J

83. Consumer expecWIons, U. of Mfchtaatf (Indafe 1966:1=100)

11010090 -

60 -i

1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992
1. This series is smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
2. This is a copyrighted series used by permission; it may not be reproduced without written permission from the University
of Michigan, Survey Research Center.
NOTE—Current data for these series are shown on pages C-2 and C-3.




C-ll

SURVEY OF CURRENT BUSINESS

August 1991

Composite Indexes: Coincident Index Components
Aug. Apr.
P

T

Apr. Feb.
P

Dec. Nov.

T

P

T

Nov.

Mar.

P

T

Jan. July July
P T

P

Nov.
T

no -

41. Employees on nonagricultural payrolls (millions)

i oo 90- '

80 -

57.Manrtcturingandlrad€satesin1

1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992
NOTE.—Current data for these series are shown on page C-2.




C-12

SURVEY OF CURRENT BUSINESS

August 1991

CYCLICAL INDICATORS
Composite Indexes: Lagging Index Components
Aug. Apr.
P T

Apr. Feb.
P T

Dec. Nov.
P
T

Nov. Mar.
P
T

91. Average duration of imemploy

Jan July July Nov
P T
P
T

ks-inverted seate)

77. Ratio, manufacturing and trade
(ratio)

62. Change In Index of labor cost per ant of output,
manufacturing, smoothed1 (aim, ratt, percent)

109. Average prime rate charged by banks (percent)

101. Commercial and industrial tens outstanding in I

(widoi)

ffinn\

;>

^

95. M o , consumer installment credit
personal income (percent) |L*,Lf,Lf

120. Change in Consumer Price index for servtois, smoothed1
(ann. rate, percent)

L955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992
1. This series is smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
NOTE-—Current data for these series are shown on pages C-2, C-3, and C-4.




C-13

SURVEY OF CURRENT BUSINESS

ugust1991

CYCLICAL INDICATORS
Employment and Unemployment
Dec.
P

Nov.
T

Nov.
P

Mar.
T

Jan. July
P T

July
P

Nov
T

< H Average weekly flitrtime hours of production or nonsupNvisory
workers, manufacturing (hours) O T ]

46. Help-wantetf advertising In newspapers (Wex: 1967*100)

40. Empioyepi on i idi nmiculturfrl payrolls, goods-producing

i « l r

to population of woildng age

1964 65

66

67

68

69

70

71

NOTE.—Current data tor these series are shown on page C-2.




72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90 1991

C-14

SURVEY OF CURRENT BUSINESS

August 1991

CYCLICAL INDICATORS
Production and Income
Dec.

Nov.

Nov.

Mar.

Jan July

July

Nov

P

T

P

T

P T

P

T

in 1982 dollars, Q (ann. rate, Wl. dol.)

ar>d salaries in 1982 dollars, mining,
" ** ^ (ann. rate, bll.

manufactures (mex

manufactures (index: 1987=100)

utilization rate, i t t n u f a # i M | (percent)

1964 65

66

67

68

69

70

71

NOTE—Current data for these series are shown on page C-2.




72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90 1991

C-15

SURVEY OF CURRENT BUSINESS

August 1991

CYCLICAL INDICATORS
I Consumption, Trade, Orders, and Deliveries
Dec.

Nov.

Nov.

Mar.

Jan July

July

Nov

P

T

P

T

P T

P

T

5;
7. Manufacturers' new orders In 1982
/durable goods industries (bfi. dol.)

75. Industrial production, consumer goods f|dex:

stores in 1982 dollars (bil.

mi
1964 65

66

67

68

69

70

71

NOTE.—Current data for these series are shown on page C-2.




72

73

74

* 75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90 1991

C-16

SURVEY OF CURRENT BUSINESS

August 1991

OUCAL INDICATORS
Fixed Capital Investment
Jan. July
P T

July
P

Nov.
T

business formation (indep 1967*100)
160-j

HI

140 120100 - '

6050-

40-

30-

20-

60-

Manufacturers' new ordgrs in t#$2 dollars,
nondefansa coital goods indiiflbias (bil. dol.)

50-

40-

30-

20-

j&uuction contracts awardld for coitfetercial and industrial
1
(mil. sq.ft.offloor*pace;M»rm moving avg.)

u]

—:—rf—•—r

no -]
10090 80 -

70-

1964 65

66

67

68

69

70

71

72

73

74

75

76

77

78

1. This is a copyrighted series used by permission; it may not be reproduced without written permission from McGraw-Hill
Information Systems Company, F.W. Dodge Division.
NOTE.—Current data for these series are shown on page C-2.




79

80

81

82

83

84

85

86

87

88

89

90 1991

'

C-17

SURVEY OF CURRENT BUSINESS

August 1991

I CYCLICAL. INDICATORS
Fixed Capital Investment-Continued
Dec.

Nov.

Nov.

T

P

Jan. July

Mar.

P

T

P

T

July

Nov

P

T

100. New plant and equipment expenditures by business In
1982 dollars, Q (ann. rate, bit dol.)

. Manufacturers' machinery and equipment sales and ~
business construction expenditures (arm rate, Wl dol.)

(KJustrial production, business equipment (index: 1987=100)

Gross private nonreakfcntial fixed
(ann. rate, Ml. doi.) .

1964 65

66

67

68

69

70

71

NOTE.—Current data for these series are shown on page C-3.




72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90 1991

C-18

SURVEY OF CURRENT BUSINESS

August 1991

CYCLICAL INDICATORS
Fixed Capital Investment-Continued
Dec.

Nov.

Nov.

T

P

Jan. July

Mar.

P

T

P

T

July

Nov.

P

T

28. New private housing units started (ann. rate, millions)

89. Gross private residential fixed investment in 1982 dollars, Q
(ann. rate, bil. doi.) H I P

Iffl

220200 ISO 160-

V

120 H <

100-

Inventories and Inventory Investment
30. Change in business inventories in 1982 dollars, Q
(arm. rate, bil. dol.) H J J l

90-i
60-

-30-

-60

31. Change in manufacturing and trade inventories
(ami. rate, bil. dol.; 6-term moving avg.)

1964 65

66

67

68

69

70

71

NOTE.—Current data for these series are shown on page C-3.




72

73

74

75

<

140- '

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90 1991

J

SURVEY OF CURRENT BUSINESS

August 1991

C-19

CYCLICAL INDICATORS
Prices, Costs, and Profits
Dec.

Nov.

Nov.

T

P

Jan.

Mar

P

T

P

July

July

Nov.

T

P

T

23. Spot market prices, raw industrial materials1 (index: 1967=100)

.

,,<• J

QuI]

18. Corporate profits after tax In 1982 doHars, Q (ann. rate, bli. dol.)

16. Corporate profits after to in current dollars, Q (ann. rate, bii. dol.)

domestic profits aftertax to corporate domestic

81. Ratio, corporate
corporate domestic

blVAandCCAdjto

26. RaftpgipHcft price defl*epto unit labor cost, nonfarm business
O (index: 19
1964 65

66

67

68

IVA Inventory valuation adjustment.
1.

69

70

71

72

73

74

75

76

77

78

CCAdj Capital consumption adjustment.

From June 1981 forward, this is a copyrighted series used by permission; it may not be reproduced without written

permission from Commodity Research Bureau, Inc.
Klrt-rc —T.nrront data fnr thocp cAriAS are shown on nana C-3




79

80

81

82

83

84

85

86

87

88

89

90 1991

C-20

SURVEY OF CURRENT BUSINESS

August 1991

CYCLICAL INDICATORS
Money and Credit
Dec.
P

Nov.
T

Nov.
P

Mar.
T

Jan. July
P T

July
P

Nov
T

85. Change in money supply M1 (percent; frterm mowing avg.)

i

102. Change in money supply M2 (percent; 6-term moving avg.} :•

112. Net change in business loans
(ann. rate, bil. dol.; 6-term moving avg.)

113. Net change in consumer installment cretft
(am. rate, bil. dol.; 6-term moving avg*)

110. Funds raised by private nonfinancial I
in credit markets, Q (ann. rate, bil. dol.)

1964 65

66

67

68

69

70

71

72

NOTE —Current data for these series are shown on pages C-3 and C-4.




73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90 1991

C-21

SURVEY OF CURRENT BUSINESS

August 1991

CYCLICAL INDICATORS
\ Money and Credit-Continued
Dec.
P

Nov.
T

Nov.
P

Mar.
T

Jan July
P T

July
P

Nov
T

119.Ftderal funds rate (percent)

116. Yield on new IssuM of high-grade coiporate bonds (percent)

I Alternative Composite Indexes
260 240220200-

f*

1964 65

66

67

68

69

70

990. aBCRtong^eadingcx)mposrte index (1967=1(«5

71

72

73

CIBCR Center for International Business Cycle Research (Columbia University).
NOTE.—Current data for these series are shown on page C-4.




74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90 1991

C-22

SURVEY OF CURRENT BUSINESS

August 1991

OTHER IMPORTANT ECONOMIC MEASURES
Other Measures

Price Movements
Jan. July
P

T

Jan. July

July

P

P

T

July

Nov.

P

T

Percent change at annual rate
293. Personal saving rate, Q (percent)
6- •

4- ,
2-

Consumer Price Indexes for all urban consumers—
400-

298. Government surplus or deficit, Q
t
(ann.rate,bil. dol.)

-40-

323c. All items less food and energy

-80- •

Producer Price Indexes—

-12020-1

336c. Finished goods

-160-

100-

-200 -10-

337c Finished goods less foods and energy

20

170c Change in output per hour, all persons,
business sector (ann. rate, percent)

10 -

10
5- •

0- >

-5-

334c. Finished consumer goods
o-

400-

564. Federal Government purchases of goods
£nd setvioce, national defense, Q

350300-

-10-

250- .

333c. Capital equipment
200-

332c Intermedflie materials, supplies, and components

150-

650 -

620. Merchtntfse imports, adjusted, excluding
military, Q (ann. rate, bil. dol.)

I nI

550450-

331c. Crude materials for further processing

350- ;

250 -

618, Merchandise exports, adjusted,
excluding military, Q (ann. rate, hi!
1979 80

81

82

83

84

85

86

87 88

NOTE—Current data for these series are shown on pages C-4 and C-5.




89

90 1991

1979 80

81

82

83

84

85

86

87

88

89

150 J

90 1991

C-23

SURVEY OF CURRENT BUSINESS

August 1991

OTHER IMPORTANT ECONOMIC MEASURES
International Comparisons: Industrial Production
Jan. July
P T

July
P

Nov.
T

International Comparisons: Consumer Prices
Jan. July
P T

1

CD I

47. United Stales

^

Nov.
T

| hffctnt change over 6-month span, annual rate

Index: 1987:=100 i
Industrial production-

July
P

120 .

Consumer prices—

110100 90-

721. O K O European countries

i 715c. Federal Republic of Germany

725. Federal Republic of Germany

1979 80

81

82

83

84

85

86

NOTE.—Current data for these series are shown on page C-5.




87

88

89

90 1991

1979 80

81

82

83

84

85

87

88

89

90 1991

C-24

SURVEY OF CURRENT BUSINESS

August 1991

OTHER IMPORTANT ECONOMIC MEASURES
International Comparisons: Stock Prices
Jan. July
P

T

July

Nov.

P

T

International Comparisons: Exchange Rates
Jan. July
P

T

July

Nov.

P

T

750. Weighted-average exchange value of the U.S. dollar
Stock prices—
19. United Stales

758. Japan (yen)

755. Federal Republic of
Germ«w(d. mark)
745. Federal Republic of Germany

7i§. France (franc)

752. United Kingdom

Itpouiil
742. Urtted Kingdom

753. Canada (dollar)

1979 80

81

82

83

84

85

86

NOTE.—Current data for these series are shown on page C-5.




87

88

89

90 1991

1979 80

81

82

83

84

85

86

87

88

89

90 1991

CURRENT BUSINESS STATISTICS
Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources are provided through
the courtesy of the compilers and are subject to their copyrights.
Bulletin Board. Historical data, data sources, and methodological notes for each series are published in BUSINESS STATISTICS, 1961-68. For more
information, write to Business Statistics Branch, jCurrent Business Analysis Division (BE-53), Bureau of Economic Analysis, U.S. Department of
Commerce, Washington, DC 20230.
NOTE.—This section of the SURVEY is prepared by the Business Statistics Branch.
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in Business Statistics,
1961-88

1990
1989

1990

June | July

1991

[ Aug. | Sept [ Oct | Nov. [ Dec

Jan.

| fob. | Uar. | Apr. | Hay I June [ July

GENERAL BUSINESS INDICATORS
PERSONAL INCOME BY SOURCE I
[Billions of dollars]
Seasonally adjusted, at annual rates:
Total personal income
Wage and salary disbursements, total .....
Commodity-producing industries, total .
Manufacturing
Distributive industries"".
Service industries .
Govt. and govt enterprises
Other labor income ._.,
Proprietors' income: t
Farm . „ .
Nonfarm .
Rental income of persons with capital consumption

4.750.4 '4,756.6 '4,789.0 '4,8133
2.745.6 27502 '27726 '2799.1
710.7 '715.9 '721.0
709.4
'5453
5365 '5412
534.0
639.7 '644.7 '6520
640.3
866.6 '877.0 '889.6
863.5
5350 '5365
5332
532.4
2702
2692
2682
2672

4307.7
27915
7213
547.4
644.4
885.7
5396
2712

'47.7
'3683

435
3715

5.1
127.6
6813
744.5
2372
4,664.4

r
'6.6
'63
A3
55
125.7
125.6
1252
125.3
'6732
678.6 '676.4 '6745
7501 '754.4 '759.6 '762.7
240.7
239.0
237.8
237.4
4.6693 '4,681.1 '4,7128 '4.743.7

72
1263
6722
7645
240.1
4,7421

4,7233
714.9
4,008.9
3,817.7
3,7073
440.3
12053
2061.7
108.7

4,7333
7133
4,019.4
3,849.6
3.7393
4535
1215.3
20712
1085

4,750.4
7143
4,0355
3,8903
3,780.7
4722
1217.0
2.0915
1085

1913
45
2857.8
2,643.1
391.6
8905
1360.8

169.8
42
23589
2,660.1
4003
898.1
1,361.1

145.1 M69.1 '172.8 '168.7
4.0
'42
'4.0
4.0
23692 '2,866.6 '23785 '23927
2,688.0 '2,669.4 '2679.7 '26972
3985 '397.0 '409.1
416.3
8972 '907.1 '905.0
9025
13693 '1,373.6 '1375.6 '1383.1

4307.7
7132
4,0945
3343.4
3.835.7
4715
12312
21328
107.1
.7
151.0

1395

1403

1406

140.6

141.0

1415

141.6

141.7

107.7

1053

105.1

106.1

1042

104.4

M04.6

'1083

'106.2

103.7
963
1133
114.6
111.7

106.0
1012
1085
1093
1063

104.7
116.6
104.4
105.6
1028

103.1
1295
103.1
1045
1012

105.0
120.7
1043
106.1
103.4

1023
109.6
1033
104.9
1025

'1002
'100.0
1052
106.
'104.

983
'975
'1053
'1063
"1052

"101.1
"104.0
'110.1
'109.6
'1103

'97.0
'110.7
'106.6
'1043
'1083

110.6

1093

1083

1072

1065

105.7

105.0

1055

'106.4

'107.1

'1075

111.4
112.6
108.7

111.0
1123
108.6

1093
1102
1065

106.4
1092
105.7

1073
109.1
105.6

1063
1083
104.7

1065
108.1
104.7

1063
108.
1055

"1075
'109.
'1065

108.0
'109.4
M072

'108.4
'1093
'107.6

4,645.5
Z705.3
729.3
546.8
6372
830.8
5080
25BA

4,640.7
2.711.1
735.8
551.6
639.6
827.1
5086
2516

4,662.7
2,727.1
7355
551.9
643.6
838.7
509.3
2583

4,675.0
2.728.3
734.4
551.4
639.6
6433
511.0
260.0

4,6973
2.7472
736.0
552.1
644.9
8528
5135
2612

4,695.9
2.731.6
730.4
549.5
638.6
8463
5153
2622

4,7162
2731.6
721.0
541.1
641.7
8505
518.1
2632

4,7433
Z753.6
7265
547.8
6453
861.3
5205
2642

4,7233
2741.0
716.4
5402
639.7
857.9
527.0
2652

4,733.3
2,7413
713.0
5353
6392
859.6
530.0
2662

48.6
330.7

49.9
3526

46.1
3513

45.7
353.0

423
356.6

38.5
357.0

39.1
357.1

545
357.6

529
3575

39.6
353.8

472
3563

82
114.4
6432
636.9
2128
4,314.6

6.9
123.8
680.4
6943
2262
4,574.3

4.9
123.4
6815
691.4
227.1
4,5732

62
124.3
683.6
692.1
228.1
4,595.6

9.1
125.0
685.4
6953
228.2
4,610.7

10.0
1253
6863
7012
2295
43373

103
126.1
6875
710.0
228.4
4,6353

83
1263
688.1
714.0
228.4
4,6402

8.3
1272
6882
7212
229.9
4,6685

63
1272
685.7
741.6
2372
4,6626

4,384.3
658.8
3,725.5
3353.7
3,450.1
474.6
1.130.0
1.845.5
1022
1.4
171.8
4.6
2369.0
2,656.8
428.0
919.9
1,309.0

4,645.5
699.4
3,946.1
3,766.0
3,657.3
4803
1.193.7
1,983.3
107.8
.9
180.1
4.6
2,893.5
2,681.6
427.4
911.1
1343.1

4.640.7
698.0
3,942.6
3,761.1
3.6532
481.7
1,188.4
1,983.1
107.5
.4
1813
43
2,907.1
2,693.6
430.1
9145
1.349.1

4,662.7
704.8
3.9573
3,773.7
3,664.7
482.9
1,192.0
1,989.8
1073
13
1842
45
2310.6
k.695.0
430.5
916.8
1347.7

4,675.0
708.6
3366.4
3,801.4
3,692.1
475.9
1208.1
2,0082
103.0
1.3
165.0
42
23963
2,6965
424.1
920.9
13513

4,6973
715.0
3.9823
3,832.6
3,723.4
4882
12143
2,020.5
1073
13
1502
3.9
2,8868
2.698.8
434.0
9113
1,3532

4,695.9
7133
3,9821
3,8295
3.7205
474.6
12162
2,0293
108.0
1.0
1525
33
23637
2,6753
420.5
903.8
13513

4,7162
715.1
4,001.1
3,835.0
3,725.6
468.7
1219.3
2.037.6
108.4
1.0
166.1
42
2,869.9
2,6723
4153
903.4
1,353.1

4,7433
720.8
4,022.5
3.833.6
3,728.7
4622
12125
20533
109.0
1.0
183.9
45
23835
2,6728
4105
8965
1,3653

1295

Dividends
Personal interest income.
Transfer payments
Less: Personal contributions for social insurance ..
Total nonfarm income

4,384.3
2,573.2
720.6
541.8
604.7
771.4
476.6
241S

136.4

135.6

136,0

136.9

138.0

139.1

139.4

108.1

1092

111.9

1083

112.7

1135

1113

100.5
107.0
106.9
1105
106.4

102.6
108.0
1093
111.6
1073

101.1
103.7
113.6
115.8
1103

100.1
1083
1093
1103
109.1

101.6
1083
114.0
114.4
113.6

103.1
1062
115.1
116.1
1133

108.1

1092

110.1

110.4

1105

108.6
109.1
106.7

110.1
110.8
1073

1109
1117
1073

110.9
111.7
1075

1103
1113
1073

58.7
357.4

53.5
361.0

542
'3653

DISPOSITION OF PERSONAL INCOME t
[Billions of (Mars, unless otherwise indicated]
Seasonally adjusted, at annual rates:
Total personal income .
Less: Personal tax and nontax payments ,
Equals: Disposable personal income .........
Less: Personal outlays ..
,
„
Personal consumption expenditures Durable goods
Nondurable goods..
Services ..-«—. ..
Interest paid by consumers to business
Persona} transfer payments to foreigners (net)
Equals: personal saving
Personal saving as percentage of disposable personal income §
Disposable personal income in constant (1982) dollars
Personal consumption expenditures in constant (1982) dollars ._
Durable goods
Nondurable goods
Implicit price deflator for personal consumption expenditures.

'4,756.6
'715.6
'4,041.0
33713
'3,763.0
450.0
12123
'2,100.7
108.3

'4,789.0
'7162
'4,0727
'33999
'3,791.4
'4483
M228.0
'2114.6
'1073

'4313.3
'7175
'4,0953
'3,9272
'3,8192
'4633
'1228.6
'21273
'107.4

23895
2,7063
4135
9113
13821

INDUSTRIAL PRODUCTION 0
[1987.100]
Not seasonally adjusted:
Total index
By industry groups:
Mining
......
Utilities..
Manufacturing .....™__™.,.
Durable
Nondurable
Total index
By market groups:
Products, total
Final products
Consumer goods.....

See footnotes at end ot tatta.




S-l

S-2

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes below, data through
1988 and methodological notes are as shown in Business
Statistics, 1961-88

Annual
1989

|

August 1991

1990
1990

June

|

July

| Aug.

Sept

1991
Oct.

|

Nov. |

Dec

Jan.

j Feb.

Mar.

|

Apr.

May | June

July

GENERAL BUSINESS INDICATORS-Continued
INDUSTRIAL PRODUCTION O-Continued
(1987*100}
Seasonally adjusted-Continued
By market groups—Continued
Final products-Continued
Consumer goods—Continued

Nondurable
_
Foods and tobacco
Clothing
Chemical products
„
Paper products ... „
Energy products „.

„

1075
106.9
105.
1085

106
1022
972
109.3

112.
1122
112.
112.

108.3
106.7
104.8
1095

107.4
104.6
101.5
109.6

110.4
111.8
113.0
109.3

106.9
107.1
1075
106.8

994
935
842
104.1

96 0
86.7
74.6
103.4

976
90.6
79.6
1032

952
68.1
74.7
100.7

959
885
76.7
101.4

'993
94.2
85.0
'103.4

'1009
"972
892
103.8

'1034
'995
925
'1063

'1046
'103.2
'98.1
'105.6

106.4
1042
101.6
1095
1143
106.7

107.6
105.9
95.7
1132
119.6
105.9

106.6
104.4
957
112.8
118.3
1053

107.3
105.1
95.6
112.4
120.3
106.7

107.9
105.7
94.6
114.3
119.3
109.0

1082
1053
953
115.1
121.9
108.0

109.1
1067
942
115.9
123.4
108.8

1085
107.8
91.7
1135
1223
106.4

108.4
1075
92.1
1135
1227
106.6

1073
106.3
90.6
114.7
122.1
1065

1073
105.9
90.8
1143
121.0
1052

107.1
105.4
90.4
1142
1222
105.5

1072
'105.3
90.6
'115.0
'122.7
104.4

108.0
'1062
-92.0
'113.9
'121.8
'1087

1082
'1062
'925
'1142
'123.1
'107.4

'108.4
'106.6
'943
'113.4
'1225
'1075

112.3
119.1
121.7
1372
1133
123.8
1035

1155
123.0
1272
149.6
1152
130.0
96.7

116.8
124.4
126.
150.6
116.0
137.4
1122

117.2
125.0
128.0
152.7
117.2
135.5
103.1

1172
125.4
128.5
1522
1175
135.4
1015

1173
126.4
129.5
153.6
117.4
140.5
111.0

117.0
125.4
130.1
155.3
115.4
137.5
1065

115.1
1225
128.8
149.8
115.3
1263
83.9

113.6
1212
1275
1485
112.3
123.4

753

113.6
121.6
130.1
155.0
111.5
124.0
793

112.9
120.6
131.6
157.3
109.1
120.3
75.0

112.5
120.3
1312
155.1
1095
120.4
767

M12.8
'1213
131.5
155.6
'1093
'124.1
84.4

'112.6
'121.5
'131.3
'154.1
'109.4
'125.9
875

'112.4
'121.5
M30.4
'151.5
'109.0
M282
90.8

'1127
'122.4
'130.6
'151.8
'1102
'1315
'96.6

97.4
937
92.3

Durable
Automotive products „
Autos and trucks
Other durable goods „

97.3
109.3
90.6

97.6
1195
92.8

973
1162
90.0

97.7
106.9
93.4

97.3
107.4
91.8

97.3
107.1
89.0

962
109.7
87.3

95.8
107.3
83.4

94.4
106.4
83.1

945
1082
77.3

935
107.7
79.3

925
105.1
83.1

'915
101.3
86.6

'90.6
103.0
'903

'90.0
'973
'885

1063
106.1
1073

107.7
1052
109.4

108.3
106.0
109.8

108.4
1067
1095

1075
105.3
109.7

107.4
103.8
109.9

107.0
103.1
109.7

1062
101.8
1092

106.0
101.0
109.4

1033
97.7
108.1

102.6
96.4
106.8

101.3
94.0
106.4

'1012
94.9
'105.6

'102.6
'96.0
'1072

'1035
'97.1
'1075

'1033
'97.7
'108.1

1074
111.6
105.3
1013

1078
111.8
106.0
102.1

1083
113.8
106.1
102.1

1096
114.0
107.8
103.3

109.7
1145
106.8
103.0

109.4
114.1
1065
103.0

1083
1125
1065
102.3

1063
110.4
105.6
101.6

105.3
107)5
1045
102.0

1048
106)8
1045
101.1

1039
105)5
103.6
101.1

1026
103)3
102.8
101.3

'1034
'104)9
103.1
'101.1

'104.6
'103.8
'102.6

'1057
'107)1
'105.1
'103.6

'106^
'108)1
'105.9
'1033

1005
141.4
105.7
95.5
91 4
102.7
1135

102.5
152.8
113.4
95.5

104.0
184.8
118.5
955
861
107.1
1215

102.4
155.7
1102
95.8

101.5
147.6
109.9
96)4

'100.9
'145.7
1059
96)6

'1015
'146.1

890

884

887

'102.4
'149.5
'1102
'97.4
88.E

103.4
118.9

101.7
143.1
1084
96)0
895
101.8
1192

1025
148.0
1128
972

104.8
118.0

103.3
153.4
1129
973
890
106)5
113.5

103.4
162.0
1106
96.7

105)4
120.1

103.9
163.6
116.8
95.8
868
105.7
1217

102.6
146.8
114.7

104.6
119.3

1022
1567
113.5
94.6
83.8
106.4
121.1

106)4
11Z0

1045
108.0

„...
)

107.0
108.1
103.0

108.0
1103
97.7

1097
113.1
97.4

109.7
112.1
100.7

111.4
113.6
103.3

110.3
112.9
100.9

1092
112.1
98.1

1065
109.6
97.0

108.8
111.8
97.6

107.6
110.4
975

104.6
1073
923

106.4
109.8
93.6

„

„

_ „-

-„
„
_-......

„ „
_ „„

Equipment total
„
.. „
Business equipment
Information processing and related
Office and computing machines
Industrial Transit
-,
Autos and trucks "__
Defense and space equipment
Oil and gas well drilling
Manufactured homes
Intermediate products
Construction supplies..
Business supplies —

„ „

Materials
Durable ...
Nondurable

„
„

Energy ..

„

...„........*., „

„„

By industry groups:
Metal mining „„...».-.....„........„,. ...................
Coal
„
.. .
.
Oa and gas extraction #
Crude oil
'
Natural gas
.
.
.
..
Stone and earth minerals .........
„».....„...„
......
Utilities
Electric .
Gas

„

„

„

-

Manufacturing

™™, .._,....

876

955
875

905

'106)3
107.0

'1083

""p'wlt

'1055
109.8
'91.6

'111.0
'1163
'91.3

'1095
'114.5
'91X

'110.3
'115.6
'9O.f

'106.5

'1073

'1075

106.6

'1072

'108.0

„

108.9

1095

1103

111.1

111.1

1112

110.7

1085

107.5

107.0

106.1

1052

1055

Durable
.
Lumber and products - „ .. „
Furniture and fixtures ..
_ „
Clay, glass, and stone products
Primary metals
„
«... „
Iron and steel
Nonferrous
Fabricated metal products „„ „
Nonelectrical machinery
».. „ „
Electrical machinery .„..,....
Transportation equipment - .. Motor vehicles and parts
Instruments,..~.~........~~
„
„

110.9
1031
1053
108.0
1092
1093
109.0
1072
1213
1095
1072
1045
116.4

111.6
1011
105)9
105.8
1082
109.7
106.1
1053
1265
111.4
1055
968
116)9

113.4
102.0
1087
106.1
1095
110.3
108.3
106.7
1275
112.8
.111.0
1080
115.0

113.4
1036
108.0
106.0
1103
110.6
109.8
107.7
128.3
1122
109.3
1027
1165

1135
100.5
106)7
106.6
114.6
118.3
109.4
1075
128.8
112.5
1075
101.0
1175

113.8
100.3
106)9
1045
111.6
1135
108.4
106.8
128.5
112.S
111.1
1075
118.4

1125
982
104.4
104.4
108.6
1103
1062
106.4
128.1
110.8
1092
103.8

1095
955
102)3
103.8
109.1
11Z6
104.1
1043
1263
110.4
100.1

107.5
935
102)0
100.7
1042
107.3
99.8
1015
124.7
108.7
96.6

1072
942
99.0

106.1
915
94)9
98.9
995
98.0
101.6
99.1
1245
1082
95.5
794
1193

105.0
912
95.4
94.4
94.7
92.0
98.4
975
123.1
108.6
95.0
793
118.4

106.0
'92 7
98)3
'942
945
91.6
'985
'98.0
1235
' 109.7
'972
862
118.6

Nondurable
Foods .„...„„.

106.4
105.5
99.6
101.9
104.3
1032
1085
108.5
106.1
1089
1037

107.8
107.6
987
100.7
985
1054
112)0
110.1
1083
1102
99.9

107.6
106.1
95.6
103.6
99.3
1042
112.0
1103
1065
112.8
102.0

108.1
107.1
985
102.9
992
107.8
111)4
110.4
110.5
1105
1025

108.1
107.7
963
100.4
98.8
1065
1105
111.1
1102
1120
99.6

108.0
107.6
96.4
100.7
98.4
107.5

'105.9
'107.6
'97.6

110)9
109.3
1103
100.3

108.4
1083
97.8
1012
972
1068
1125
1107
108.6
1106

565.762

1 0 D 3 C C O DTOvUCtS

.
+*»»•*+•<

.......... .......

875

100.5
'147.3
103.4
96.4
'876
'108)9
'108.3

„...
^

+* ••

Textile mm products-.„„„" . ! " „
Apparel products
Paper and products..
Printing and publishing . _ „ „
Chemicals and products
„ _„ _ _
Petroleum products .......„„ „
„ „ „ „„„ - „
Rubber and plastics products
- - _
Leather and products .„ „ „ „
„

972

858

785

118)1

117.3

997
99.0
100.6
1017
1255
107.6
97.6
830
119)0

953

1077
109.6
99.0
97.4
955
1051
112)4
110.0
107.8
1096
89.9

107.4
109.1
101.1
96.1
945
1054
112)8
109.9
105.6
1069
92.6

106.8
108.3
100.0
94.0
92.9
1042
112.1
110.1
104.7
1088
89.6

106.0
107.6
100.1
94.3
93.1
1022
110)9
109.1
108.8
1061
90)6

105.4
107.4
982
95.4
92.5
101 3
110)4
108.2
108.5
1044
915

972
93.2
1013
1107
' 109.0 .
105.7
106 6
90.0

too A
VCA

rOC A

'95J
...............

SW.1

'997
'95.3
'98.0
95.9
'1005
'100.8
'1222
'111.6
'99.4

'99)(
'95!
'1017
'102.1
'1012
'101.5
'122.7
'111.0
'101.J

'1182

'117.5

'117)«

'106.4
'1075
'985
'992
952

'107.4
'108.1
'993
'1003
'955

'110)5
'1092
'107,4
MOGfl

'1112
'109.6
109.0

'1073
'108.C
'100.^
'102.1
'98.C
' 107.C
'1113
'109.4

IU3.U

•"11 CM
1111.0

'895

'90.6

551,469

'985
'955
'96.9
94.0
'101.0
99.3
'1232
'110.7
rOQ 0
03.0

lUO.l

'lll.l
'92.0

BUSINESS SALES
[MiBions ofdoBars: constant (7982) dollar series
in billions of dollars]
Manufacturing and trade sales {unadj.), total

6,310,071

Ftetaa trade,
total
„„
Durable goods stores
Nondurable goods stores

„
„

Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
Manufacturing and trade sales in constant (1982) dollars
(seas. adtf. total
Manufacturing
.
Retail trade ~~... .„
»„.«„.„„„„
Merchant wholesalers
)))
I)))))))))))))
Seetoottotesat end of tables.




'6.515,005

'2,840264
1,494,388
1,345576

Manufacturing, total
Durable goods industries
Nondurable goods industries

6515,005

'6,310,071

Manufacturing and trade sales (seas, adj.), total

'2,917,465
1504,650
1,412,815

'1,741,748
652,184
1,089,564

515266

565,322

554,011

573,259

549,639

556219

485259

491,129

53Z805

531,115 '551,778

'544,643 '542,440

554,935

550.660

555,145

546714

534,361

527.074

527515

523.117

530,872 '535,926

536,867

242,754
126531
116223

251502
130,441
121,061

247516
125,783
122,133

251,953
127,692
124261

245,827
122,693
123,134

236,575
118,578
117597

234,548
117,648
116500

233,215
117,432
115,783

228,715
114,487
114228

234,886 '238289
119,721 '121024
115,165 '117265

239,004
122149
116,855

'1.607219
654757
1,152,462

'150,156 '150669
'54280 '54,648
'95576 '96,021

151,135
53,851
97284

152,512
54550
97562

152,191
54.420
97)771

152,711
54,152
98559

149750
52,402

147,803
50597
96906

151,092
53235
97857

151 467
53725

'1,728,059
842,065
885,994

'1790321
876,182
914,139

'149885
'74,196
'75,689

149017
73)824
75,193

152298
74246
78,052

150232
72,807
77,425

151 001
71584
79,417

148176
69739
78,437

148036
71)045
76591

144723
69',094
75,629

143608
69)022
74586

142935
69280

................
_
.

„.,......„....,
....
,

4895
2292
1262
1342

4865
227.0
126.8
132.7

4922
232.0
125.9
1343

4832
2275
125.8
1296

482.5
2285
125.0
128.6

4743
2229
124.7
1266

464.6
216.1
122.3
126.3

460.5
215.7
120.4
124 3

462.4
215.3
1231
124 0

460.4
213.1
1237

244,602
129,167
115,435

54,074
'98,636

'52,929 ................
54213
98,716

145,019 '144,927
68545 '68,564
76,074 '76363

144,934 —-..._...
69,440
75,494

VI ATI
9lfit1

4687
219.3
I9ft9

'472.6
'222.0
'124.1
'1265

" • " • " • " * • * •

473.9
2223 .„.,**„.„..
•—
124.3 •
126.9

SURVEY OF CURRENT BUSINESS

August 1991
Annual

Unless otherwise stated in footnotes below, data through
1988 and methodological notes are as shown in Business
Statistics, 1961-88

1989

S-3
1991

1990

| 1990

June

| July

|

Aug. | Sept | Ocl

| Nov. |

Dec

Jan.

Ftb.

1 Mar. I

824329

827,742

Apr.

nay

ur»
| Ji | July

GENERAL BUSINESS INDICATORS-Continued
BUSINESS INVENTORIES
[Millions of dollars; constant (1982) dollar series in billions of
dollars]
Manufacturing and trade inventories, book value (norvJJFO
basis), end of period, {unadjusted), total..
Manufacturing and trade inventories, book value (non-UFO
basis), end of period, (seas, adj.), total
Manufacturing total
Durable goods industries
HatJfcJ. • n l n i n

AM*Wjt

*

J

..

„
. ~.~

809.332

814,755

816,675

823,540

843,061

847,768

826,941
388311
252,836
135,975
242,563
120,629
121,934
195,567
128,619
66,948

'813,118
384 373
252,877
131,496
'237,703
'119,089
'118,614
'191,042
'125,622
'65,420

818,951
387104
254,521
132,583
239,657
120,165
119,492
192190
126204
65,986

823,468
387986
254,721
133,265
242,893
123271
119.622
192589
127,375
65,214

827,145
390 992
255278
135,714
243217
123559
119,658
192936
127,614
65.322

830,414
391 460
255',113
136347
244.901
124,048
120353
194 053
127235
66,818

832,464 826,941
392,370 388811
256,387 252336
135,983 135375
244550 242.563
122,947 120,629
121,603 121,934
195544 195567
127.971 128,619
66,948
67573

....................
„.„„„

l_l*_n. Jl_

NOnuUraOlO yOOOS inGUStTlGS »«

~

6963
333.4
1943
168.7

700.4
3352
195.5
169.6

6992
3342
1953
169.6

6982
334.3
195.0
1683

6973
332.8
1957
169.3

698.0
3325
1951
1703

692.7
329.7
19Z7
1703

6955
3295
1925
1735

693.9
3303
189.7
173.3

687.7
329.4
186.5
1713

'687.0
'329.7
186.6
1703

'683.3
'3275
"186.1
'169.7

682.0
3266
186.5
169.0

1.49
157
1.96
.54
33
.48
114
.42
.19
53
158
2.19
124
127
'1.69
36
1.42
1.46
154
126

151
1.59
2.01
.56
.96
.49
114
.42
.19
53
1.59
'220
124
129
1.71
.88
1.44
1.48
1.54
1.28

1.48
154
135
54

150
1.58
2.03
56
37
50
1.11
.40
.19
52
1.59
227
122
128
1.75
34
1.45
1,47
1.55
1.30

150
155
ZO
O
55
.95
.49
1.10
.40
.19
51
1.61
228
124
129
1.78
.84
1.45
1.45
157

152
1.60
Z09
58
1.00
51
1.10
.41
.19
.51
1.60
227
1.23
132
1.83
36
1.47
1.49
1.56
134

155
1.64
2.13
.60
1.00
53
1.15
.42
.19
54
1.62
Z30
125
1.32
131
37
1.49
1.53
158
135

158
1.66
Z14
.61
1.01
53
117
.43
.19
55
1.65
238
127
137
130
39
151
153
1.60
1.40

157
1.67
Z15
.60
1.01
53
118
.43
.19
55
1.60
224
125
1.38
1.90
.90
150
154
1.54
1.40

157
1.69
2.19
.61
1.04
.54
1.19
.43
.19
.56
156
Z16
124
1.38
137
.91
1.49
1.55
151
139

154
1.64
2.08
58
39
52
1.18
.43
.19
55
157
Z17
124
135
1.87
37
1.47
150
1.52
1.35

151
1.60
2.04
57
37
51
1.15
.42
.19
54
155
Z14
'122
'1.34
'135
37
1.45
1.48
150
134

151
159
Z01
55
36
50
1.15
.42
.19
54
154
2.11
123
133
132
38
1.44
1.47
150
133

Manufacturing and trade inventories in constant (1982)
dollars, end of period (seas, adj.), total m
Manufacturing

mt

Retail trade Z Z I Z I ^ Z Z Z "Z"!ZZ"

ZZZZ

IJAVAkflHt iJ.JT-TLI-TLJ-LJ-LI-TLJ-JI
IVIvlCnCUll W l M j l ° 5 f f J " r 5

803354

815,348

810257
383,825
253261
130,564
238,159
120.663
117,496
188273
123,436
64,837

Retail trade, total
Durable goods stores
Nondurable goods stores „
Merchant wholesalers, total . . .
Durable goods establishments
Nondurable goods establishments

812,683

798,787

»tlHtM»HtlH4»t«tll»H"»l»M»HIMH*»'4IHIIHUH)U

815,348

820398

820214

831,445 828201 819,615 816,893 811.713
388381 388459 385982 385,145 381377
25Z170 252256 250,405 249,546 246364
136211 136203 135,577 135599 134313
244,071 241,179 236300 236,696 '236204
121217 119239 116.041 116,087 115.490
122354 121340 120,859 120,609 120,714
198,993 198563 196,733 195.052 '193,632
131,331 131254 129,885 123.607 '126,816
66,445 '66316
66348
67,662 67,309

808339
380341
245,759
134,582
_ tM>
235,793
,.„„
114.301
121,492
192805
126,254 HZ™
66551 -.„
„„„.
„„„_

zzz

BUSINESS INVENTORY-SALES RATIOS
„..„

Manufacturing and trade, total .....
„
Manufacturing, total
Durable goods industries »
~
Materials and supplies
Work in process ....
„ „
rtnisneo gooes ......
Nondurable goods industnes
Materials and supplies
Work in process
Finished goods ».... «
~
«„
Retail trade, total ...» „
Durable goods stores
Nondurable goods stales
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
Manufacturing and trade in constant (1982) dollars, total
Manufacturing
Retail trade
Merchant wholesalers .... ~
~
_

-

-

.48
1.10
.40
.19
.51
1.61
229
123
126
1.72
34
1.42
1.44
155
126

...„„.„.„
„„.„...„_
„-...«..„

„„.,„

,
„.„,
._.
„„„.„

MANUFACTURERS' SHIPMENTS, INVENTORIES, AND
ORDERSt
[Masons of dollars]
SniD^rc&nts f not S63S soi 1 rotsJ

Durable goods industries, total'.
Stone, clay, and glass products
Primary metals
...'...
.....
Blast furnaces, steel mills
«»
Fabricated metal products
~
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
~
«
...
Motor vehicles and parts
Instruments and related products
Nondurable goods industries,
total
.Food and kindred products
n^OUdCCQ DTOOUCtS

+4f-f+•***«• tmtwmHiintiHHMH

Textile mtD products

..«.„..

FlUODQr d ^ O fn^^JI*^^ DTOUUCtS

|||T

IHIIITIT

.....................

Paper and allied products
Chemicals and allied products
Petroleum and coal products ..............

..„-....„-»....

TninmninmTmnniTT

L

-*

2,840264
1.494,388
63,763
153.021
62.740
180,579
260.805
195225
372,436
233203
118.000
1,345,876
379543
26.003
68,366
128287
275,187
146,310
94357

Shipments (seas, adj.),
total
-. By industry group:
Durable goods industries, total #
..
Stone clay and glass products Primary metals
„
Blast furnaces, steel mills ...................................
Fabricated metal products
Industrial machinery and equipment .»......«..«.««.b».«.
Electronic and other electrical equipment ..*.....»..._...... ....................
Transportation equipment
....«.„
Motor vehicles and parts ... ~ .„„..„..„„„..
Instruments and related products ...
Food and kindred products ...„.
Iobcfccco o r o o u c t s
*•*+*****•****+••••••»

„....„„....„.„„
«

Textile mill products —....
....
Paper and allied products .............^...«......H.._.»».....~.
Chemicals arid allied products „..„..
Petroleum and coal products
»..«....»»».«» ..
Rubber and plastics products .....-«..........._....... ....... - - - - - See footnotes at end o» tatfes.




2,917,465
1,504,650
62397
144,185
58,921
188,115
263,573
200,430
377,319
226,050
120219
1.412,815
397.090
28,161
63,535
128,761
285,612
179,357
91.657

260,400
140,143
5,812
12,748
5272
17,062
25,079
18,015
37276
23,033
10,740
120,257
34,493
2,557
5,822
11,156
24,736
13,039
8,305
244,602

220,930 248,339
110,644 125.921
5545
5,070
12295
11.394
4,942
4.620
15,665
14.354
20,532
18,724
16,695
14.965
32,458
25,473
14.133 20.110
9,703
9.137
110286 122,418
33,411
31372
2,468
1,726
5,494
4,447
10,982
10,542
24.493
22,049
16.683
13,035
7367
7,426
242,754 251502

129,167
5,373
12.066
4.945
15918
21,90'
16,671
34.773
21,687
9,920
115435
33,171
2.083
5,357
10,685
23,624
12,811
7.643

126.531
5349
12,360
5,005
15804
21207
16,831
32,626
20,079
9386
116223
33,055
2.431
5,172
1030
23.700
12,878
7390

130,441
5288
12,307
5,036
15879
2Z042
16,79
35,512
22281
10t03
12106
33,437
259
5,245
10,884
24.72
1625
7.88

262,422 259,185 244210 234271
133,787 131,632 121237 119,684
4.197
4385
5535
5.575
10,578
11,447
12,743
12,409
4,198
4.720
5213
4,958
14,304
14,901
16578
16,626
21.047 23,834
21391
23389
18,134
17,151
17,135 16,925
34,345 29,803 28,476
33,416
11,784
17212
19,682 22.197
10,810
10,305
10246
10,620
128,635 127553 12Z973 114,587
33,005
34.679
35229
33511
2346
3,179
Z393
2,744
4,655
5293
5,510
5.603
11,041
10,473
10,904
10,093
25,487 24260
23,929 23,031
16.080
1820
19,604
18,752
6,684
7215
8,335
8,051
247,916 251,953 245327 236,575
125,783
5206
12,118
4353
15876
21'.79
16,53
32.118
18,994
9320
122133
33;258
2.440
5.123
10,856
24.643
18,01
7309

127,692
5122
12352
5,108
15854
2Z433
17,02
32,67
20.11
10206
12426
33.680
2532
5.166
10,768
24,81
1924
737

122,693
4,983
11,754
431
15 309
22.235
16,86
29,439
16,889
1021
123134
33.71
2,792
5.188
10,758
24.97
17.948
7588

118,578
4332
11.485
4,568
15,60
21,87
1655
26,75
1351
9303
117397
33,66
1,84
4395
10,46
23.902
1587
7384

214255 231,617 238,810 235,069 '240.483 254,640
104,622 116,914 122,049 120.571 '123,418 133,097
5,211 .„_,
4,757 '4,756
4,402
4290
4,033
10336 .„„„„„„.
10,966 '10,764
10,650
10,728
10,617
4,454
4,327 '4.385
4,110
4299
4,499
16.112
15,017 '15,36
15,443
14319
13350
20557 '20.366
24,37
23286
20,308
17330
16,197 '17,006
17,443
16,459
14,758
18.356
34,41
'33,179
3159
25,107 29.468 29230
„„.„.
19303
'20,605
18,76
15352
17,002
15,467
10,783
9.920
9,632
10,182
9.462
8,714
114,498 '117,065 121543
109,633 114,703 116,76
34,653
„„,.„
3Z152 '33,700
33304
32.65
29.91
3,105
2306
1.81
Z944
1.826
1548
1- , - .
"521
531
5.026
5.18
4,83
426
'9,85
9.92
10,334
10595
10253
10,03
25,083 „„.„..„._
2437 "24,560
24200
24205
23,70
14209 ,„„„
13509 '14.352
12338
1326
14335
8.335 „
7,799 ' 7 3 0
7.49
7,482
6.953
228,71 234,886 '23828! 239,004
234,548 23321
117,648
4,61
11,140
4,62
1484
21,006
1R
16,599
28,106
16,07
9345
116900
3Z11
2,465
4383
1021
24,19!
15.46
HOC

TV

117,432
4,544
10,62
428
1461
2039
16,51
28.91
15,726
9[79
115,783
3231
228C
4,878
1021
2331
7,395

119,72 '121,02
114,48
'4,61
4,K
4,39
'10563
10220
'422
3.900
'14.71
1471
14532
2<Q,Bi 20,890 '20,735
M791
16.7E
1652
30,402 '31,31
27.31
17372 "18,51
1431
'10,01
10,13
9,488
114228 115,165 '11726.
'33,31
3235
33,11
"2,56
2.095
Z452
5,085
433*
"523.
'9,95*
9343
9,994
24,11 '2454.
2238.
13,76C '14,33
13,584
"7,487.52"
730.

122,14
4,788
10,40
4202
14358
21,103
I7ff>
1/,iKu

31,863
16554
9,999
116,855
3328
2566
539€
10.14C
2336.
14,35s
7.61

SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data through
1988 and methodological notes are as shown in Business
Statistics, 1961-86

Annual
19*

|

August 1991
1991

1990
1990

Jury

| Aug.

Sept) Oct. | Nov.

Dec.

Jan.

Feb. |

liar. | Apr. | May

June | Jury

GENERAL BUSINESS INDICATORS-Corrtinued
MANUFACTURERS' SHIPMENTS, INVENTORIES, AND
ORDEflS-ConUhued t
[MiMons of dollars}
Shipments (seas. adj.HContinued
By market category:

Home goods arid apparel
Consumer and equipment
Machinery staples
Automotive equipment
Construction materials and supplies
„
Other materials, supplies, and intermediate products ,
Supplementary series:
Household durables „
Capital goods industries „
Nondafense
Defense
Inventories, end of year or month:
Book value (non-UPO basis), (unadjusted}, total..
Durable goods industries, total .—
Nondurable goods industries, total .
Book value (non-UFO basis), {seasonally adjusted), total .
By industry group:
Durable goods industries, total t
Stone, clay, and glass products .-.
Primary metals
Blast furnaces, steel miBs .
Fabricated metal products
industrial machinery and equipment.,
Electronic and other electrical equipment..
Transportation equipment.
Motor vehicles and parts
Instruments and related products .
By stage of fabrication:
Materials and supplies .
Work in process
Finished goods .„

Nondurable goods industries, total #..
Food and kindred products .„.„..
Tobacco productsTextile mill products
__
Paper and allied products ....
Chemicals and allied products .
Petroleum and coal products Rubber and plastics products .
By stage of fabrication:
Materials and supplies ™
Work in process

Finished goods
By market category.
Home goods and apparel.
Consumer staples
Machinery and equipment .
Automotive equipment .
Construction materials and supplies
Other materials, supplies, and mtermedtata products .
Supplementary series:
Household durables
M
Capital goods industries
fJondefense
Defense.
New orders, net (unadj.). total
Durable goods industries, total
Nondurable goods industries, total..
New orders, net (seas, adj.), total
By industry group:
Durable goods industries, total ~
Primary metals .
Hast furnaces, steel mffls .
Nonferrous and other primary metals ._
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment Transportation equipment .
Aircraft missiles, and parts ~.
Nondurable goods industries, total.
Industries with unfined orders t ......
Industries without unfilled orders 0 .
By market category:
Home goods arxi apparel „„.
Consumers" '
MachJnerya
Automotive equipment

Construction materials and
Other materials, supplies.
Supplementary series:
TtousehoU durables „ .
Capital goods industries„
Nondefense —
Defense
,
S M botnoos at end of taite.




products ,

'173,136
'617347
'458,113
'113,294
'175,948
'974,969

'170,871
'670,558
'472,748
'103,865
'170,750
'983329

14.366
54,211
40,268
9.622
14544
83,009

14,240
54,807
39,003
9,056
14,414
82,573

14,114
57544
40,690
9563
14.367
85267

14,033
58,092
39,991
8,900
14,020
83,408

14,353
59575
40,874
9282
13,888
84,145

14,320
59,319
39,250
7.753
13,498
82,098

14,444
56,705
38.310
6.426
13.348
78,870

14.039
55,652
38,105
7.090
12,941
78,608

13,930
55,603
38,199
7,045
12,789
77547

13510
55,191
36,730
6.686
12563
75,795

14,405
54,903
38,623
7315
13,091
77,875

M4.376
'56,728
'39,163
'8,237
'13297
'78,647

14,484
56,319
39354
8,128
13522
79,466

'76,973
'471.469
'364.922
'106,547

'77561
'491.594
'384,663
'106,931

6.427
41,433
32,378
9,055

6,384
40,270
3133
9,047

6.429
41,610
32,478
9,132

6,449
41,091
32,416
8,675

6515
41539
32,632
8507

6.513
41,142
32.099
9,043

6,658
41,523
32.722
8,801

6,383
39,923
31.721
8202

6242
40,711
32213
8,498

6215
39,971
31,405
0.566

6.460
40,593
31,733
8360

'6,445
'40,543
'32.131
'8.412

6.358
41,424
32,831
8593

377,201
248,011
129,190
383325

382,135
247,615
134,520
388,811

383394
253,034
130,960
384,373

388,114
255,373
132.741
387,104

389,637
255.977
133,660
387,986

388593
253,780
135213
390592

391,165
254,748
136,417
391,460

391216
255,440
135.776
392370

382,135
247,615
134,520
388311

387,733
251,035
136,698
388,381

390,570
253,719
136,651
388,459

386,434
251,017
135,417
385,982

387,458
251,304
136.154
385.145

'384,554
'249,380
'135,174
'381,877

379246
245,531
133,715
380,341

253,261
7.780
22,663
10348
24,600
48557
31.130
72.576
12.159
24,998

252,836
8,157
23,651
11,658
24,585
47,724
30,067
73,424
13,039
24,273

252,877
7,760
22.723
10,873
24,546
48.078
30.750
72.969
12.161
25,008

254521
7,761
22574
11,006
24,683
48.289
30,975
73521
12,710
24531

254,721
7,828
23,301
11,145
24,759
48294
30,856
73,523
12,408
24,987

255278
7.911
23.584
11,304
24,653
48,457
30,720
73,511
12,408
24,982

255.113
8,039
23.612
11,313
24,904
48,409
30,607
73228
12.370
25.119

256,387
8,078
23544
11,388
24,863
48,499
30584
74.818
12,750
24,826

252,836
8,157
23,651
11,658
24585
47,724
30,067
73,424
13,039
24273

252,170
8223
23,257
11,400
24519
47377
29,947
73,486
13,085
23.975

252256
8243
23216
11368
24,717
48,198
29,698
73,551
13,228
23.928

250,405
8.138
23,265
11,426
24272
47521
29.719
73,116
12,919
23.640

249,546 '246,964
8,096 '8,016
23,029 '22.645
11216 '11,023
23,992 '23,649
48.014 '47,764
29,714 '29,522
72.985 "72,109
12,867 '12,447
23.743 '23567

245,759
7,994
22,547
10,969
23.501
46,905
29,406
72,056
12,474
23,703

71295
120,890
61,076
130,564
26380
5,094
8,999
12562
31,098
10,688
11.430

71,191
119,169
62,476
135.975
27,784
5,375
8346
13362
32,366
13.175
11595

70,107
120,546
62224
131,496
27359
.5333
9,026
13^45
31,082
10,813
1135

70,637
121,509
62,375
132,583
27,533
5,330
9,005
13,303
31,339
11,008
11373

70,044
121,956
62,721
133265
27,696
5,438
9,021
13,192
31,253
11.736
11.363

70268
122,352
62,658
135,714
28,055
5396
9,096
13225
31557
13,328
11,629

70,741
121,692
62,630
136,347
28,186
5.332
9,080
13241
31,897
13,370
11,952

71,041
122,487
62,859
135,983
28,047
5225
8933
13247
32,172
13,304
11540

71.191
119,169
62.476
135,975
27,784
5.375
8,846
13,362
32366
13.175
11595

71208
119,015
61547
136211
28,091
5,642
8,892
13547
32,651
12279
12,054

70,980
119,010
62266
136203
28,137
5,720
8,861
13,695
32,762
11,871
11,959

70,101
118,646
61,658
135,577
28221
5,662
8,699
13,771
32,805
11586
11,766

69274 '68,425
118,041 '117308
6231 ' 6 1 3 1
135,599 M34.913
28,321 '28.154
'5,788
5,851
8.639 '8592
13,720 '13.576
32,772 '32,666
11,563 '11,759
11,801 '11,652

67366
117,828
605&5
134,582
28,183
5.779
8,540
13,455
32,475
11324
11538

48.456
22.424
59.684

49,710
22506
63,359

48,275
22.171
61,050

48,654
2236
61.643

49,003
22.683
61579

49,407
23,149
63,158

49,845
23,155
63347

49,981
22,950
63.052

49,710
22506
63,359

50,034
22,426
63,751

49,706
22,369
64.128

49,661
21598
63,918

'49342
'22224
'63,347

49,328
22,330
62524

28,080
51.075
87.474
6,373
23,508
128.055

26,567
54,407
87.135
6,698
23557
131364

27,910
52,124
86,425
6,450
23,423
128.025

27569
52593
8730
6,710
23.501
129,460

27,618
53288
87,044
6,552
23,721
129379

27,592
54,640
87,498
6513
24,005
130.432

27,158
54,772
87,421
6,526
24,107
131,188

26,841
54,573
87514
6,604
24,035
131513

26,567
54,407
87.135
6,698
23557
131364

26280
54,616
87,645
23365
131.625

26,180
54589
87,612
6,677
23922
131,474

25,703
54,466
87,738
6,472
23,637
130508

25.444 " '25,406
54,796 '54.693
87,832 '87,319
6,454 '6,316
23341 '23,054
129545 '128.491

25370
54.739
86,677
634
23,068
127,834

13,548
124,243
84,141
40,102
'2,889,092
'1,543.806
'1,34*286
'2389,092

12,901
121,951
83334
38,617
'2,923,715
'1.511,501
'1,412214
'2523,715

13,464
123,620
83,018
40,602
255,799
135,658
120,141
242.396

13,246
124266
83,906
40,360
223.035
113,055
109580
245,039

13,371
124218
83,486
40,732
244225
121242
122583
250,592

13.362
124,322
83885
40,437
263,029
134,528
128501
248,987

13254
123,975
83.770
40205
260229
133,369
126360
254376

13.158
124338
84212
40,726
238277
115396
122,381
23937

12.901
121,951
83,334
38.617
237,406
123,043
114,363
238,196

12,807
121,856
84,132
37,724
217,443
107,749
109,694
234,462

12.758
121.907
83,908
37599
234,071
119,158
114513
233,132

12,442
121538
83,985
37553
238,355
120,990
117365
226,431

12225
121,727
84,146
37581
231,020
116,644
114,376
231229

'12,134
'120,871
'83.747
'37,124
'237591
'119.718
"117373
'236,540

12,088
120,016
82,912
37,104
246,597
125564
121,033
233,308

'1543306 '1511,501
'143,388
'149318
'58,201
'60,458
'73,379
'77,325
'187,043
'177,552
'261.443
'262,898
'201.261
'197,269
'393599
'421,966
'145,798
'162,805
'1,345.286 '1/12*14
'351,172
'342,006
'1,003,280 '1.061.042

127,057
12,103
5,062
5598
15,848
21,427
16527
3333
10573
115,339
2939
86,050

129387
12.411
5,103
638
16,093
22,400
16,496
34228
12565
115,652
28342
86310

129,020
12219
5,160
5390
15,577
21,065
17,233
35222
10,356
121572
30,176
91396

126,893
11,993
4357
6,186
16503
22398
16,084
32,915
12571
122,094
29507
92587

130375
12,653
5223
6,448
15,156
21504
17,363
36,784
14,556
124,101
29,126
94375

116.193
11,190
4204
6,078
14,879
21,984
15550
26503
9,085
123,044
29,336
93.708

120221
10,459
3,786
5,926
15532
20,492
17,622
31,783
15,679
117,975
28,609
89366

117,789
9.506
3,555
5215
15,196
21,785
16243
29837
11235
116,673
28322
88351

117547
9,776
3339
5,134
14278
19,899
18,067
29.758
12,801
115,585
28,463
87,122

112,116
9.725
3.664
5274
14,328
19,872
15,642
28,343
12.015
114315
28,363
85352

116,139
10,490
4279
5,429
14374
20243
17330
27,453
8.677
115,090
27316
87,174

'118,434
'10,377
'4223
'5360
'14,703
'20,955
"16311
'28,781
'7,596
'118.106
'29.033
'89,073

116,820
10,769
4,480
5,417
14,632
20,085
15252
29,883
9508
116,488
27,687
88301

49,523
22296
63,780

'173,304
'617.551
'506,138
'113,102
'174,531
'97539

'171,099
'670,419
'495,458
'103,683
'17037
'980.655

14,451
5437
40587
9,531
14530
81,482

14218
54303
42542
9,041
14,546
82,398

14,372
57,571
39580
9567
14,374
85556

14,417
58082
41,828
8,884
1437
83.127

14263
59,564
46.170
9251
13,813
83,624

14,707
59310
38.327
7,692
13,140
80380

14241
56,664
44,161
6375
13204
77.001

13,428
55,660
39549
7,121
12330
77,745

13,668
55599
39282
7,049
12,655
77,449

13,925
55209
36,967
6,660
12.644
74354

14,601
54,838
35303
7328
13,199
77.834

'14.528
'56.698
'3531
82S2
'13,411
'79391

14505
56,344
35270
8,089
13595
78.409

'76393
'526,797
'417,797
'109,000

'77,099
'501,797
'408380
'93.417

6529
4032
32501
7,731

6,414
43,066
35274
7,792

6,405
40,106
31.607
8,499

6563
42.164
34,419
7,745

6,388
44,738
37223
7515

6,752
35,928
30,884
5,044

6,397
45,404
38,560
6344

5332
41,640
33557
7,683

6,092
41,678
33,756
7322

6,167
38,632
31540
6,692

6580
36538
28,748
7,790

'6567
'37,569
'28,038
'9531

6331
37391
29,349
8,042

SURVEY OF CURRENT BUSINESS

August 1991
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are a s shown in Business Statistics,
1961-68

1989

|

S-5

1990

Annual
June

1990

Aug.

July

|

1991

Sept.

|

Oct.

|

1

Mar.

1

My
a

Apr.

June

|

Dec.

Nov.

Jan.

Ftb.

529,714
509,502
20212

529259
508.443
20316

525210 '522,318
504.516 "500,816
20,694 '21502

Jury

514275
493283
20,992

GENERAL BUSINESS INDICATORS-Contlnued
MANUFACTURERS' SHIPMENTS, INVENTORIES, AND
ORDERS-Contlnued t t
[Millions of dollars}
517,822
497,280
20,542

Unfilled orders, end of period (unadjusted), total
Durable goods industries, total
Nondurable goods industries with unfilled orders t

524,072
504,131
19541

527,228
505,903
21.325

529,333
508,314
21,019

525,219
503,635
21,584

525,826
504,376
21,450

526,870
506,113
20.757

520,937
500,772
20,165

524,072
504,131
19.941

527260
507258
20.002

_t
,.

520,837

....
.....

Nondurable goods industries with unfilled orders t
By market category:
Home goods and apparel
Consumer staples
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate products
Supplementary series:
Household durables...
Capital goods industries
Nondefense
Defense
„

528,980

528,070

529,141

532,164

525,574

527,195

527.109

527,026

524,742

521,085 '519336

513,640

505,504
24,573
9,828
11,732

508,360
24,624
9,926
11,682

506,939
24,536
10,050
11,301

508,049
24,411
9,954
11,313

511232
24,712
10,069
11.481

504,732
24,148
9,360
11,632

506,375
23,122
8,578
11,416

506.516
21488
7,510
10,981

506.631
20644
7068
10,621

504260
20149
6832
10,405

500,678 '498.088
20013 '19,821
'6,979
6976
10,194 '10,068

492,759
20,189
7257
10,152

28,477
59,354
48,377
261,092
223,248

27,411
57,185
49,185
277,502
241,418

27,999
58,533
49,047
268,782
231,898

23,288
59,726
48,705
270,384
234,180

27,986
58,749
49,147
270,094
233,255

28.613
59,349
48,695
270.891
234,746

27.915
58,820
49,032
275,001
238,744

27,485
58,569
48,113
272,465
237,129

27,411
57,185
49,185
277,502
241,418

27.761
57,964
48,829
279,233
242,391

27,423
56,966
50.379
280,079
243,762

27219
55,998
49,496
281,108
245,407

27382 '27,370
55,351 '55571
50,071 '49,764
278,159 '275,630
243,014 '239,781

27,044 „,„.,„,„.„
54,553
47,964
273,644
238266 ...............

21,343

20,820

21.191

20,620

21,131

21,092

20,932

20342

20,820

20,593

20395

20,482

'21248

20,881

8,328
1,420
206,341
2,026
13,024
129,044

8,585
1,283
229,017
1.843
12,550
125,773

7,873
1,330
214,527
£012
12,742
130,045

7,851
1,326
218,066
1,997
12,874
129,870

8,110
1,353
216,955
2.001
12,881
130,160

8,493
1.344
218,792
1,985
13,128
129,880

8,403
1.333
224,088
1,955
13,052
129,359

8,790
1,324
223,166
1.894
12,694
127,640

8,586
1283
229,017
1.843
12,550
125,773

7.975
1291
230,861
1375
12,439
124,910

7.714
1287
231,945
1.879
12,304
124,810

7,729
1,304
232,182
1,853
12,385
123371

'8.077
7,925
'1209
1239
229,362 '225,450
1,866
'1391
12,493 '12,606
123329 '124574

8,098
1233
221,366
1,852
12,679
123518

5.750
391,696
226,633
165,063

5,203
402,026
250,310
151,716

5,232
397,795
235,913
161,882

5.262
400,591
239,964
160.627

5.238
399,087
239,093
159,994

5,352
400,160
241,096
159,064

5225
403,359
245,687
157,672

5,464
398,145
244,472
153,673

5203
402,026
250,310
151,716

4,752
403,743
252,546
151.197

4,602
404.710
254,089
150,621

4554
403,371
254,624
148,747

4,674
'4,796
399.316 '396,342
251,639 '247546
147,677 '148,796

4,769
392,309
244.064
148245

643,022

55,720
54,097

49,588
51,440

53.115
52,074

42.002
52,334

53,068
51.824

45,714
51,422

50,394
52,060

54227
51,991

48,419
50,384

55,917
51536

55,735
52235

56,593
52304

50,361
12,779
7,120

60,432
16,063
8,072
5,090
12.826
4.376

5,252
1.410

4,713
1,339

5.637
1,587

4.865
1,374

6.079
1.568

5,354
1,416

5.148
1,414

6.690
1.759

6,876
1,802

713
430

620
376

752
485

689
444

900
496

913
599

7,330
1376
1.036

7,464
1,931
1,043

7,786
2.022
1.023

567

572

630

360

324

418

638
400
987
353

731
478

11,120
3,687

Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Aircraft, missiles, and parts

526,695

506.375
23,122
8,578
11,416

676,565

oy inousuy group.
Durable goods industries, total #
Primary metals
Blast furnaces steel mills
Nonferrous and other primary metals

527,195

499,494
23,927
9,308
11,930

Unfilled orders, end of period (seasonally adjusted) total

42,328.8
4,250.9
2,837.7
3,5932
2,721.6
1,187.5

64,044.1
6,767.3
2,905.2
6,829.7
7,716.0
2,414.8

9,932.0
445.7
257.8
693.2
294.9
131.5

3,087.0
379.5
177.9
644.4
191.2

5,973.9
751.7
155.3
3755
2245
207;

4,0172
1,383.1
293.5
528.6
297.1
244.I

65.0

75.0

20,407

...

«...

™-

_

BUSINESS INCORPORATIONS @
[Number}
New incorporations (50 States and DC):
Unadjusted
Seasonally adjusted
...„...„
INDUSTRIAL AND COMMERCIAL FAILURES < >
§
[For failures, number; for liabilities, millions of dollars}
Failures, total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
Liabilities (current), total
Commercial service »
Construction .....
Manufacturing and mining
Retail trade
Wholesale trade

- „

Am

„

„

Failure annual rate, number per 10,000 concerns ...»

1,074

1,073

141 i

1.166

463

398

635
405
991
362

433

454

495

533

4,473.0
5422
354.8
6022
351.6
226.1

3391.9
781.9
185.3
735.8
264.6
286.!

4,6765
518.7
115.6
1.146.4
584.9
168.5

102423
9842
1683
1,6672
2,1503
2O6.i

115972
5,1895
3963
4,179.1
4163
2582

7317.7
9195
163.0
643.3
280.9
326.

5,069.1
759.6
746.0
795.8
675.3
288.I

1258

1,084

1,360

1,307

1,442

1,449

6,887
1,734

................

918
510 ....„„.„„„.

1549

1320

516

,„,.._.

468

12248.0
4,9305 ,_, fct-„
„.„,
6015
595.1 ............... »„„.„„.„.
374.1 ............... „,„„„.„.„,
„„.„„„„.
413.6
2413

COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS t
[1910-14=100]

694
598

Fnat

Tobacco .
Livestock and products * . .
Dairy products ...
Meat animals
Poultry and eggs .
Prices paid:
Production items : „ . Ail commodities and services, interest taxes, and wage rates
(parity index)
Parity ratio §

684
554
767
546
389
338
709

695
563
593
540
418
350
762

692
560
669
540
413
320
724

690
541
693
546
397
297
674

676
533
728
550
379
282
732

666
521
786
570
361
278
671

671
536
827
574
356
275
759

654
525
704
556
361
275
739

663
533
726
542
368
279
771

661
529
707
573
374
282
728

681
554
828
578
385
294
787

679
566
842
598
392
303
788

1,444

1,432

1399

1,416

1,484

1,471

1,477

1,479

1,494

1,493

1,486

1,488

770
829
983
312

820
837

833
844

830
856

847
868

826
850

818
801

813
777

789
716

799
716

800
716

813
697

798
691

794
697

783
697

1,088

1.116

1,104

1,133

1,098

1,094

1,104

1,084

1,089

1,108

1,122

1,116

1,108

1,086

299

290

291

288

292

304

291

284

306

279

310

278

272

273

958

988

985

1,009

1,004

1,012

1,000

1220

1265

1265

1289

1295

1305

1299

55

Crops #
Commercial vegetables ....
Cotton...."
Feed grains and hay
Food grains

674
581
756
503
404
428
710
1,406

Prices received, all farm products -

54

55

55

54

54

52

52

51

51

52

122,6

129.0

128.3

128.7

1295

131.1

131.9

1322

1322

132.8

1323

133.0

133.3

1333

134.1

1343

124.0

130.7

1293

130.4

131.6

132.7

1335

1333

1333

134.6

1343

135.0

1352

135.6

136.0

1362

121.6
123.7
122.4

128.2
130.3
128.8

127.3
129.4
128.0

1275
130.0
1285

128.6
131.3
129.6

130.1
132.6
1303

1312
1335
1315

131.5
133.7
131.7

1315
133.7
1313

132.1
134.3
132.4

1322
1343
132.6

1322
1343
132.7

132.6
134.9
133.0

133.1
135.4
133.3

1333
135.7
133.6

133.3
136.1
1333

1,068

582
385
307
869
1,488

'706
'631
'857
'567

363
'298
'1,474
1,488

729
548
351
287
1349
1,488
786
709
1,077

CONSUMER PRICES
[1982-84*100}
Not seasonally adjusted:
AH items, wage earners and clerical workers (CPI-W) .
AH items, an urban consumers {CPI-U) ....
Special group indexes:
AH items less shelter
Ail items less food
..........
All items less medical care ...S Mfootnotesat end of tafcto.




August 1991

SURVEY OF CURRENT BUSINESS

S-6
1989

mm

1991

1990

Annual

Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in Business Statistics,

1990

June

July

Aug.

|

Sept

Oct.

|

Dec.

Nov.

Jan.

|

Feb.

Mar.

Apr.

May

|

June

July

COMMODITY PRICES-Continued
CONSUMER PRICES-Contlnued

[1982-84W100,

unless otherwise indicated}

Not seasonally adjusted—Continued
Afl items {CPI-Uj-Continued
Commodities
„
Nondurables

145.0

126.7
130.4
1235
116.0
1205
1453

1262
129.6
123.0
116.3
120.5
146.8

136.8
136.9

1372
137.4

1365
136.0

1334
145.8
143.0
149.7
1153
89.3
114.4
1155

1342
146.8
143.7
1502
116.4

1094
115.9

1323
1452
1423
1492
1142
90.9
1115
116.3

128.8
1223
1195
1254
114.4
153.3
173.7

130.1
1222
1202
125.3
115.0
147.1
1744

1294
1233
1215
1254
117.0
148.0
175.2

1265
123.7
121.9
125.3
1183
146.6
1762

1252
1234
121.7
124.9
120.4
146.7
177.5

-.1
125.6
1202
135.7
1355

2
126.0
120.3
136.7
136.8

1265
121.0
136,7
1365

1268
121.1
137.4
137.4

2
126.6
1213
136.6
1355

116.7
1182
111.7
1122
112.0
131.9

1223
126.0
119.9
113.4
117.4
1392

121.6
124.6
117.6
112.9
1153
1383

121.6
124.6
117.0
113.0
1155
1395

122.8
126.3
119.9
1125
1172
1405

124.6
128.7
124.1
112.8
119.8
141.4

126.1
130.4
1263
113.6
121.8
141.7

126.3
130.5
126 6
114.1
1213
142.0

126.0
130.0
125.7
1145
121.4
1423

126.0
1293
124.0
115.0
120.6
, 1433

125.7
1293
123.2
115.5
120.3
1445

125.7
1292
1225
115.5
120.1
144.8

.....................
........

125.1
1242

132.4
132.3

132.0
131.7

132.7
132.5

132.9
132.7

1332
132.9

133.6
1334

134.0
1333

134.2
133.3

135.8
136.4

1355
135.7

135.6
136.0

136.7
137.0

Housing
.....
..
Shelter*
„...
Rent, residential
~
..
Homeowners' cost, Dec. 1982*100
Fuel and other utilities #
Fuel oil and other household fuel commodities
Gas (piped} and electricity
Household furnishings and operation ..«...«« ..............

123.0
132.8
132.6
1373
107.8
81.7
1075
1112

128.5
140.0
138.4
144.6
111.6

1292
141.1
138.7
145.4
111.3
82.7
111.7
113.6

1302
142.4
139.4
146.5
112,7
91.8
111.6
113.3

1305
1423
140.0
147.0
114.0
104.4
112.4
1133

130.6
142.4
140.5
1472
113.4
1185
109.0
1142

130.4
1424
140.7
147.3
112.9
117.0
108.0
1133

130.5
142.7
141.1
1475
112.7
114.1
108.6
113.7

131.8
144.0
1412
1475
114.8
1112
1115
114.1

132.4
144.6
1415
1482
114.7
105.7
111.5
115.6

132.6
1452
142.0
148.4
114.1
99.3
1103
115.7

1325
1452
1425
148.8
113.1

1093
113.3

1283
1395
1375
144.4
1122
84.9
112.4
113.1

Apparel and upkeep
Transportation
„„.
Private......
..
New cars . „ . „
Used cars
1.
public
Medical care

118.6
114.1
112.9
1192
1204
129.5
149.3

124.1
120.5
1183
121.0
117.6
1426
162.8

123.3
1182
116.4
120.3
1176
1415
161.9

120.8
118.4
116.6
1193
118.2
141 6
1635

1222
120.6
119.0
1195
118.3
141 9
165.0

126.8
123.0
121.4
119.0
118.3
1440
1653

1284
125.8
1242
1205
118.1
146 6
167.1

127.5
1265
125.1
122.1
1172
150.3
168.4

1253
1272
125.1
1235
117.1
1544
1692

1233
125.5
1232
124.6
116.1
1554
171.0

1262
123.7
1212
1253
115.1
1562
172.5

-

.6
121.6
116.0
132.1
131.7

.4
122.0
1163
1323
132.4

1232
117.9
1332
132.9

3
124.6
1193
133.6
1333

.6
1253
1213
134.1
1335

.3
126.1
1214
134.7
134.6

3
1262
1215
134.9
134.8

.4
1263
121.3
135.7
135.9

2
126.1
121.1
135.4
1352

1263
130.6
124.6
1155

126.4
1302
123.9
115.5
120.7 •
144.7

«...

NonduraWes"less"food
Durables
Commodities less food
Services
Food #
Food at home ...

..... ....
„..

" ! Z " 1 . . . - Z Z Z !!!!!Z
""."

".
.....

„
......

.........

...

,„„„„«........„..........„„.„
,.
•»...
"™~

. .
.

993

121.3

944

873
1154
116.3

Seasonally adjusted $
Commodities
Commodities less food
Pood
Food at home .._..

«

........

Services

-.

............

!'.Z™.«..!.. I
,„„.
...........

Apparel and upkeep ..«
Transportation ..................
Private .
New cars

......

„.
...

...„.

124.1

...........

.....,„
........ ..............

..........

.......

124.8

125.5

125.1

1253

125.7

126.9

1285

127.4

1272

127.8

127.7

128.9

118.4
116.7
120.5

120.7
119.2
1205

123.4
122.0
121.1

1253
1243
1212

126.5
124.8
1215

1265
1245
122.0

1254
1232
123.6

124.0
121.6
1242

122.8
120.6
1243

122.4
120.7
1252

1232
121.6
125.3

1235
1213
125.6

123.5
1213
125.6

1385

...

124.4

118.1
116.4
120.6

-...„

139.6

140.4

141.1

141.6

142.1

142.7

1435

144.6

1445

145.1

145.5

145.8

146.4

PRODUCER PRICES *

[1932*100 unless otherwise indicated}
Not seasonally adjusted:
All commodities
.^_
.....
...
„.
By stage of processing:
Crude materials for further processing
» _
Intermediate materials, supplies, and components
Finished goods # „
„..

1122

1143

1145

116.5

118.4

120.8

120.1

118.7

119.0

1172

'1162

116.0

116.5

1163

116.0

108.9
1145
1192
1182
1225

1012
113.1
1173
116.6
1225

101.4
113.1
1182
117.0
122.8

1102
114.4
119.3
1183
t23.1

115.3
1163
120.4
1193
122.9

1243
117,9
1223
1215
1245

116.7
1175
1225
122.6
124.7

1105
116.7
122.0
1214
124.9

1123
. 116.4
122.3
1214
1255

104.1
115.5
1214
120.3
126.1

M012
'1142
'1205
'119.6
'126.2

1012
114.0
1205
119.7
125.7

1022
114.1
121.7
120.6
1262

995
114.3
121.9
1203
1264

99.4
114.0
121.6
1203
1265

119.0
107.1
1143
1183
1102

1212
1122
118.1
120.7
1152

121.0
1092
117.0
120.4
113.3

1212
1093
117.0
120.7
1132

121.6
1123
1183
120.9
115.4

121.7
1152
119.7
121.1
1173

122.5
118.8
1213
1215
120.1

1223
117.8
121.4
1215
120.3

122.2
1154
1205
121.8
118.7

122.6
115.6
120.3
122.4
117.7

1225
1123
119.6
1225
116.4

'1225
111.1
'118.7
'122.6
'114.8

122.7 "
122.6
111.0 . 1113
118.8
118.6
1224
1224
115.1
114.7

122.6
1115
118.7
1225
114.9

122.6
111.1
118.5
1225
1143

115.4
110.9
117.8

118.6
1122
121.9

119.6
113.6
1223

120.0
113.8
1232

119.1
111.4
123.0

117.9
1092
1224

1175
1095
1222

117.3
108.5
121.7

1163
1072
121.7

117.0
106.9
122.1

117.1
1065
122.3

118.3
'109.7
'122.6

1182
1094
122.7

118.5
1102
122.7

117.7
1085
122.1

1163
1052
1213

111.6

1153

1132

113.4

1155

116.4

1214

120.7

119.0

119.3

1172

'115.7

1155

116.1

116.0

116.0

123.0

123.6

822

1165
136.3
126.7
117.4
124.1
112.6
137.8
112.6
112.3
117.7
1162

119.1
141.7
129.7
120.7
123.0
114.7
141.3
113.6
114.9
1215
1182

122.2
72.8
1192
143.0
130.7
1205
122.6
114.6
141.0
1132
115.0
121.0
117.6

122.4
72.7
119.1
142.8
131.3
120.8
1225
114.6
141.1
113.1
115.1
1212
1173

122.5
82.4
1192
1422
1302
1205
1242
114.7
141.1
1132
115.1
121.1
1172

1245

725

Ftnisn&u consumer oooos .+,+•»*+*......«——»**•** »+**»»*+...

Capital equipment
By ouraomiy oi proQucu
Durable goods „
Nondurable goods .
.„...„
Total manufactures......................
........
Durable manufactures
..„.
Nondurable manufactures
.............. „..«...
Farm products, processed foods and feeds
Farm products
,„
Foods and feeds, processed
Industrial commodities
Chemicals and allied products
Fuels and related prod., and power „ . „
Furniture and household durables ,
. . « . . .............
Hides, skins, and leather products .—
..„.....„.
Lumber and wood products ...... ....................................
Machinery and equipment ..... .„.......„._.. ........ ..
Metals and metal products ...™." .
...
Noometalllc mineral products
......
Pulp, paper, and allied products .
Rubber and plastics products .... ...,.»...«.»..™........ .
Textile products and apparel .....
„.
Transportation equipment #
. ....... .........
Motor vehicles and equipment
....................

116.3

103.1
112.0
113.6
112.1
1183

„

1265
101.0
1195
1405
1275
121.4
1245
1153
142.0
1142
115.1
124.0
121.6

1282
97.4
119.3
140.5
126.9
121.7
1233
1153
1423
115.0
115.3
124.2
121.5

1275
90.5
120.0
140.6
1263
122.0
122.4
115.8
142.3
1154
1152
1242
1215

1283
90.1
120.6
1402
127.6
122.6
1224
116.9
143.6
116.0
115.7
1252
1215

128.1
83.0
120.9
140.0
1272
122.9
121.9
117.2
143.8
116.0
115.8
125.7
122.4

126.0
'785
'121.0
'140.4
'1273
'123.0
'1215
"117.4
143.7
'1153
1155
'125.7
'1222

1262
78.1
121.0
141.2
1233
123.1
121.3
1173
1411
1153
116.0
1245
1215

125.6
803
121.1
140.4
' 1322
123.1
120.5
1173
142.9
115.3
116.0
, 125.1
120.6

125.0
80.1
121.0
140.1
1362
123.0
119.6
117.3
142.6
115.1
116.0
125.4
120.6

124.6
80.1
120.9
138.0
137.0
123.1
119.5
1172
1422
115.0
1163
1255
120.4

Seasonally adjusted: t
Finished goods, percent change from previous month
By stage of processing:
Crude materials for further processing
Intermediate materials, supplies, and components

........

_

.,

L

~
Z!

!

3

1.1

1.3

12

4

-4

.1

-.7

'-2

100.6
1123
117.6
116.3
123.7
112.6
120.4
1073
122.7

.,»
""
„.

119.3
1414
1293
1212
124.6
115.0
1413
1134
115.1
121.0
116.7

.0

Finished goods #
........
„„„„-. „......„.
Finished consumer goods ....... .............................
...
Foods
L
!
Durable
Nondurable
Capital equipment

913

101.0
112.8
118.0
116.6
124.3
112.9
120.9
108.1
123.0

1102
114.3
119.3
118.3
125.0
115.0
120.7
111.1
1234

115.6
116.1
1203
1202
124.4
118.1
121.6
115.0
123.8

1254
1175
122.3
122.1
125.1
120.6
1212
118.6
124.1

117.6
118.1
122.8
122.6
1252
1213
1213
1193
1244

1112
1172
1223
121.7
124.8
120.2
1223
117.6
124.8

1132
116.6
122.4
121.6
124.6
120.1
123.1
1172
125.7

104.5
115.7
1215
1205
1245
118.4
1235
114.7
1255

'101.0
1145
'1212
'1195
'125.1
'117.5
'1242
'1134
'1262

349

346

338

331

318

314

.767

.760

.754

.749

.748

.820
.747

.818
.743

324

.770

'.827
.741

'-.1

.

1

.6

1005
100.9
114.0
113.9
121.1 .. 1213
120.0
1203
1255 .
125.8
117.4 . 118.4
1235
' 1235
113.3
1143
1255
1262

-3

.-•2

99.0
114.0
121.4
120.0
125.0
117.7
123.3
1135
126.6

992
113.7
121.1
119.6
124.0
117.6
1233
113.7
126.7

PURCHASING POWER OF THE DOLLAR
As measured by:
Producer prices 1982=$t 00
Consumer prices, 1982-84=$1.00
See footnotes at end of tables.




...............

.

.880
.807

.839
.766

.742

327
.739

.822
.737

320
.735

.822
.734

SURVEY OF CURRENT BUSINESS

August 1991
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in Business Statistics,
196148

Annual
1989

S-7
1991

1990

| 1990

June

| July

| Aug. | Sept |

Jan.

Oct | Nov. | D M .

| Feb. |

Mar. |

Apr. |

May | Jur* | July

CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT [N PUCE %
[Millions qfdotersj
New construction (unadjusted), total .
Private, toy #
„
Residential
New housing units
Nonresidential buildings, except farm and public utilities,
total #
Industrial
Commercial
Public utilities:
Telecommunications .
Public, total #
Buildings (excl. military) #
Housing and redevelopment
Industrial
Military facilities
Highways and streets
- » «„
[Billions of dollars}
New construction (seasonally adjusted at annual rates), total
Private, total #
„„ „ .
Residential
New housing units
Nonresidential buildings, except farm and public utilities,
total*......
Industrial .
Commercial
Public utilities:
Telecommunications ..
Public, total #
....
„ .„„
Buildings (exd. military) #
......
Housing and redevelopment
Industrial
T Military facilities
Highways and streets
-

446,434
337,777
182,856
127.987

40,754
30,751
17,305
11,818

41,830

43218
31,634
17,602
12,009

40,704
30,014
16,363
11,329

40,080
29,428
15,894
10,885

37,061
27,401
14,509
10,041

32.006
24,127
12,034
8,300

27.732
21.108
10,465
7.336

27,105
20594
9,625
6.643

29216
22,044
10,991
7527

'32,438

" 34,458

31,466
17,634
12,116

"24,091
'12,192
'8,048

-25,138
'13,619
'8,905

36204
26,186
14,857
9,758

117571
23,848
62,862

10.314
2.116
5,444

10.678
2258
5,615

10,774
2,015
5,902

10,448
2.031
5,672

10228
2.083
5,400

9,603
1,930
4,991

9,060
1589
4,633

7,851
1,640
3551

7386
1,693
3,921

8,119
1.797
3594

8,796
1,954
"4,392

'8537
'1,731
'4239

8.113
1395
4,017

9,565
108,657
45,825
3,733
1,433
2,732
30,593

802
10.003
4,127
324
128
263
2,990

800

827
10,690
4,329
307
178
210
3,383

938
10,652
3,973
370
92
163
3,715

908
9,659
3591
385
94
247
£956

735
7,879
3,607
345
112
156
1569

582
6,624
3,353
276
122
156
1,159

716
6,711
114
144
1.177

7.172
3,613
287
121
156
1,415

786
'8,347
4,063
283
141
152
1,913

767
'9,320
'4,106
'307
152
'160

3,065

904
11583
4,656
307
150
239
3,714

716

10,364
4,100
312
124
274

450.4
342.0
185.2
129.7

453.1
3452
183.1
127.8

449.7
336.9
180.6
125.8

4372
330.3
175.4
121.6

434.6
324.1
172.1
119.0

431.4
317.
168.0
115.1

421.3
311.3
165.0
113.0

4065
3035

4015

'4055

1075

410.1
300.5
155.6
1035

293.3
152.4
1005

'298.0
'1512
'100.0

'3992
'2905
155.0
103.7

4005
291.4
1585
107.0

1252
27.3
652

119.1
'22.9
63.8

117.6
*22.5
62.7

114.3
'22.8
602

111.4
*225

109.6
*230
56.9

1055
22.4
535

107.0
232
54.0

1035
23.1
51.8

1085
24.4
'54.;

'983
'20.6
'50.1

943
21.6
475

108.4
46.6
3.9
1.5
32
28.8

9.4
1075
45.0
3.7
15
3.3
27.9

9.6
112.8
48.5
3.7
1.8
2.9
30.3

95
106.8
472
3.7
2.1
2.5
293

10.1
110.5
46.6
4.4
1.1
2.0
31.6

1142
48.6
4.6
1.1
3.0
34.3

8.8
110.0
46.9
4.1
1.3
15
332

8.8
102.6
455
3.3
15
15
255

10.1
109.6
482
3.4
1.4
1.i
30;

108.6
48.4
3.4
15
15
30.0

M075
'495
.3.4

24,674
165
7.605
17.069

'22,387
158
'7,009
'15,378

21,539
M52
6,675
14,865

19248
'148
5,783
13,465

20,066
'154
6.309
13,758

17200
M52
5,000
12200

13,405
'136
4,326
9,079

14,034
'133
5,116
8518

13.376
138
4,925
8,450

16276
'139

20929
'151

69,573
163,471

5503
10,473

6,700
14229

93,058
120,436
47,670
275,118

81,692
105,352
46,001
213.389

8,861
10,493
5,320
15279

'8,423
'9,605
'4,359
15,564

7,17'
9.941
4,424
19,935

7,173
8,463
3,612
18,901

7,805
8,678
3,584
16,895

6,100
7.008
4,091
13,169

5.393
5,308
2,704
15,344

5,923
5,091
3.021
14,365

5,091
5,185
3.100
8,136

5.741
6,785
3.744
' 10,619

7,076
8.7tl
5,141
'9229

1,376.1
1,003.3

1,192.7

1175
68.9

1112
85.5

102.8
75.6

93.1
71-9

942
75.6

81.4
54.9

525
392

735
61,

1,187

1.155
876

1,131
835

1,106
858

1,026

1,130
769

84;
648

788

1,055
756

989
730

925
703

916

854
645

802
61

15.9
181

18.1
188

142
181

10.3
167

n;

110.6
1112

110.8
111.1

110.9
111.0

110.8
110.7

1105
1105

443.722
345,417
196,551
139,202
113,988
'20,410
65,496
9,465
98,305
39,567
3,621
* 1,300
3,520
28,174

e

120.1
*24.1
63.9
9.5

C

57.8
9.9

3

i£

9.1

15
28.6

8.7
'108.3
'48.6
13
15
'292

10,018
4,071
295
181
154
2526

109.0
46.0
35
22
1.9
285

CONSTRUCTION CONTRACTS
[Millions of dollars, unless otherwise indicated]
Construction contracts (F.W. Dodge Division, McGraw-Hill):
Valuation
total
.7
Index (mo. data seas, adj.), 1982-100....
Public ownership .
Private ownership ..
By type of building:
Nonresidents ......
Residential
Non-building construction
New construction planning (Engineering News-Record) 5 .

261.163
'173
71,305

14,047

19.552
'134
6,728
12324

21283
144
6,881
14,402

6,778
9,190
4,745
17,726

6,412
8509
4231
9.433

6540
9,695
4,648

99.'
825

'97.
'845

'1032
'85.

105.4
88.7

907
742

977
801

'983
'831

'1,032
'862

1,070
894

876
695

689

91,
742

966
760

'999
'780

1,002
792

105
157

12.8
157

152
175

16.6
174

15.
173

110.8
111

1105
111.0

111.0
'1115

1112
'111.7

20,713

HOUSING STARTS AND PERMITS
[Thousands}
New housing units started:
Unadjusted:
Total (private and public) .....
™.,
Privately owned .
One-family structures.,
Seasonally adjusted at annual rates: 0
Total privately owned ....„_.....„.
One-family structures .....
New private housing units authorized by building permits (17,000
permit-issuing places): f
Monthly data are seas. adj. at annual rates:
Total
~.,....,«,..,...«..«...«*.«.W..»«...«...M.«._.«.«_._......
One-family structures
Manufacturers' shipments of mobile homes:
Unadjusted
,
,
Seasonally adjusted at annual tales @ .,

1,338
932

1,111
798

1,123
801

1,086
781

198.1

188.1

17.4
191

15.1
184

110.1
1105

110.7
111.4

168

CONSTRUCTION COST INDEXES
Bureau of the Census, 1987*100:
Composite fixed-weighted price index *.,
Implicit price deflator' „ „ !
Boeckh indexes, 1987.100: t t
Average, 20 cities:
Apartments, hotels, office buildings .
Commercial and factory buildings ...
Residences
L™_
. Engineering News-Record. 1967-100:
Construction .
Federal Highway Adm.-Highway construction, 1937.700:
Composite (avg. for year« qtr.) #
Seefootnotesat end of tabes.




107.4
108.3

110.1
110.8

1062
1072
106.3

109.7
111.7
110.

109.1
111.1
110.0
3995
440.5

4015
4405

1083

39a;

110.9
111.6

106.0

402.0
440;

402.0
442.4

404.1
444.4

1115
112.3
110.7

1095
1113
110.8

403.8
4442

404.'
445.;

402.6

4r

4027
4445

1112
1125
112.1

111.;
112.7
1105
402.'
444.'

402.1

401.0
443.7

403.'
447.1

4O4.I
448.I

428.8
107.7

1092

108.5

111,

SURVEY OF CURRENT BUSINESS

S-8
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in Business Statistics,
1961-88

Annual
1989

August 1991
1991

1990
1990

June

Aug. | Sept | Oct

July

Nov.

|

Dec.

Jan.

|

Feb.

|

Mar.

|

m Pun.

Apr.

July

CONSTRUCTION AND REAL ESTATE-Conttnued
REAL ESTATE 0
[Thousands of units}
Mortgage applications for new home construction;
FHA applications
Seasonally adjusted annual rates .....
Requests for VA appraisals
,
Seasonally adjusted annual rates ...............................
(Millions of dollars}
Home mortgages insured or guaranteed by:
Fed. Hous. Adm.: Face amount
Vet. Adm.: Face amount §
»
Federal Home Loan Banks, outstanding advances to member
institutions, end of period .
New mortgage loans of SAIF-insured Institutions,
estimated total @
.......»...................i
By purpose of loan:
Home construction
Home purchase
All other purposes .

115.4

117.3
109.6

10.4
119
9.5
106

10.2
118
8.9
98

9.0
112
7.7
91

8.1
119
7.1
98

9.5
127
92
128

9.3
129
8.3
122

5.8
85
3.5
57

45,893.24 51,863.74
14,041.80 15,787.10

4,288.59 4,50954 4,764.17 4,319.28 4,476.07 4,224.89 3,686.16
1,308.89 1,253.50 1,572.64 1,180.04 1,612.16 1206.52
931.01

. 141,794
* 186,567
3

3
24,952
142,432
2
19,183

8.0
106
6.1
82

6.7
87
6.9
87

82
86
6.0
60

9.4
95
6.4
69

8.8
105

10.5
106
8.4
80

4,459.53 3,651.85 3,630.56 3,765.79 3,723.18 4,07027 4,444.38
1,501.67 1259.86 1,183.14 1,210.77 1,173.79 939.10 1,311.15

117,096

126,296

122,544

121,988

117,887

116,514

116,675

117,096

112,647

111,513

107,004

102,827

98,744

152,384

14,491

12,940

14,217

11,766

12,291

10,224

10,526

8^16

8,113

11,137

13,641

2
16,202
127,297
*8,769

1,546
12,128
815

1,385
11,076
495

1,387
12,049
785

1,163
9,998
609

1,189
10,541
558

938
8,758
527

880
8,651
995

675

682
6,984
419

934
9,728
475

1,100
12,049
487

94,740

14253
1,280
12,470
542

2

2

7

«

91.525

DOMESTIC TRADE
ADVERTISING

„„

;

,„„,„

:::::::::::::::::

*

IIII

||[

..................

MM

[Millions of dollars]
Magazine advertising (Leading National Advertisers):
Cost, total
Apparel and accessories
Automotive, incl. accessories
Building materials
Drugs and toiletries ...
Foods, soft drinks, confectionery
Beer, wine, liquors
Houshold equipment, supplies, furnishings
Industrial materials ....
Soaps, cleansers, etc .
Smoking materials „..,
All other
Newspaper advertising expenditures (Newspaper Advertising
Bureau, Inc.):
Total
„„
Classified
National
Retail

::::::::::::

*••••*"•*

„

................

'

•

-

32,368
11,916
3.94S
16,504

32280
11506 ................. „.,„
4,122
16,652

7,923
2,947
959
4,017

................

6,778
2,305
966
3,508

8,771
3226
1,114
4,431

,

WHOLESALE TRADE f
[Millions of dollars}
Merchant wholesalers sales (unadj.), total
..
Durable goods establishments
Nondurable goods establishments
Merchant wholesalers inventories, book value (non-LJFO basis),
end of period (unadj.j, total
Durable goods establishments
Nondurable goods establishments
_

1.728,059 1,790,321
876,182
842,065
914,139
885,994

150,991
76,138
74,853

144,617
71,438
73,179

158.740
77,529
81211

145254
71,411
73,843

162,605
78,872
83,733

149,343
70,015
79,328

142295
67,374
74,921

140,101
64,989
75,112

130,923
62,188
68,735

144,696
70,164
74,532

147,536 '151,460
70,939 '71,311
76,597 '80,149

142,758
69,414
73,344

195,861
126,560
69,301

189,884
125,848
64,036

190,739
127291
63,448

188,864
126,723
62,141

191,489
127,597
63,892

195482
127298
68,184

196,474
127,118
69,356

195,861
126,560
69,301

200,792
130,628
70,164

200,356
131,344
69,012

198,017
130,016
68,001

196,316 '192,743
129,997 '127,981
66,319 '64,762

191,349
126,307
65,042

1,741,748 1307.219
652,184
654,757

154,371
58,432

149,719
56,090

158243
57,880

146,335
52,561

151,469
54,092

156,086
52,271

179,653
56505

130,903
43,954

128.589
45,320

149,299
52,909

148,510 "159,835 '154,071 '155,175
55271 '58,949 '56.550 '57,796

8,558
9,052
33,568
34.931
7,494
7,731
95,689
93,629
15,466
16,913
30,855
31511
10,988
10,896
7.150
7,675
16253
16,156
5,481
5,549
1,794
1.778
'150,156 '150,669
'54280 '54,648

8,543
34,432
7,750
100,363
17,702
31,622
12,112
8,542
16,654
5.770
1,820
151,135
53,851

7,707
31,005
7,377
93,774
15,970
30,010
11,781
7,599
15,176
5,454
1,666
152^12
54,550

8,082
31,603
7,710
97,377
17,027
29,970
12,562
7,728
15289
5,841
1,694
152,191
54,420

7,443
28,953
8,118
103,815
21,783
30,472
12271
8,807
14,722
5,943
1,785
152,711
54,152

6,558
26507
9,784
123,148
32,454
32,809
11,709
12,696
15,075
7,500
2501
149,750
52,402

5.626
25,656
6,705
86,949
12,335
29,451
10,667
5,641
13,927
5,771
1,629
147803
50,897

5,683
27,112
6,495
83,269
12,965
27,452
9,484
5,784
13309
5,686
1.537
151,092
53235

6,876
32,191
7,234
96,390
16,778
31.276
10241
7390
15,560
6298
1,716
151,467
53,725

8.558
'8,775
'9282
'8.573
33,185 '35,031 '33.661 '35,069
7,150
'7,325
'7,518
'7,567
93239 '100,886 '97521 '97,379
16,370 '18,091 '17,015 '16,057
29,552 '32,652 '31,703 '32,191
10,382 '11,219 '11,145 '11,390
7,533 '8,004
'7,538
'7244
15506 '16,596 '16,866 '17,035
6,049 '6296
'6,043
'6,128
1,642
1,787
'1,790
150967 '152710 '152929 '153669
53,490 '54,074 '54213 '54589

'7,796
'5,561
'1,120
'31,879
"29,290
'2^89
'7,792
4,308
'2,794

7.763
5,554
1,098
31,122
28568
2,554
7,650
4,244
2,722

7,640
5,460
1,113
31,931
29410
2521
7,723
4276
2,762

7,549
5403
1,111
31358
29,322
2536
7,686
4247
2,748

7,633
5,448
1,103
31,839
29287
2,552
7537
4,173
2,660

7,341
5564
1,081
30531
27,981
2550
7380
4,056
2,609

7270
5,141
1,085
29,186
26 656
2530
7,303
4,012
2,616

7,645
5419
1,133
30,758
28180
2,578
7,487
4,105
2,690

7,488
5380
1110
31,149
28590
2559
7536
4,071
2,740

188,586
121,484
67,102

RETAIL TRADE t
[Millions of dollars}
All retail stores:
Estimated sales (unadj.), total
„
Durable goods stores #
.-.
„ _
Building materials, hardware, garden supply, and mobile
home dealers
.,„
«
Automotive dealers Furniture, home furnishings, and equipment
Nondurable goods stores ........
General merch. group stores „
Food stores
-«„
Gasoline service stations
Apparel and accessory stores _
Eating and drinking places ..
„ Drug and proprietary stores .
Liquor stores
„
Estimated sales (seas, adj.), total „ „ „ „
Durable goods stores # ..„..„....
Bldg. materials, hardware, garden supply, and mobtie
home dealers #
„ _
Building materials and supply stores
.. _
Hardware stores
Automotive dealers
Motor vehicle and miscellaneous auto dealers
Auto and home supply stores
Furniture, home furnishings, and equipment # Furniture, home furnishings stores
Household appliance, radio, and TV stores
See kxitnotes at end of tables.




92,524
92,700
381,961
383,596
92,983
91,493
1,089.564 1,152,462
211,933
204,337
362,410
345,069
131,725
117,791
94,731
91,426
182,044
173.894
68,557
62,495
20,813
20,033

..„.„,„„.....

„...,

..................

'7,889
'5.566
'1,143
'31,472
28,870
'2,602
'7,772
'4,309
'2,782

7336
5 675
1114
30,849
28180
2,669
7,590
4,114
2,752

'7314
'5666
'1120
'31,307
'28628
'2,679
'7,607
'4,124
'2,724

'7,789
'7,730
5718
1100 ................
'31,580 '31,931
'28924 '29291
2',656
'7,544
'7,690
4,066
2,696

SURVEY OF CURRENT BUSINESS

August 1991
1989

S-9
1991

1990

Annual

Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in Business Statistics,
19S1-68

June

1990

|

July

|

Aug. | Sept | Oct.

| Nov. | Dec

Jan.

Feb.

|

« ar. | Apr.

May

'98,636
'18,324
'14,864
'607
'31,125
'29,087
'10,746
'8,147
'787
'2,836
'1,484
M5.791
'6227
'1,769

'98,716
' 17359
'14,465
600
'31,304
'29,136
'10,789
'8,100
754
2.821
1,454
'16.017
'6295
1,768

July

| June

DOMESTIC TRADE-Continued
RETAIL TRADE ^-Continued
(Millions of dollars-Continued}
All retail stores-Continued
Estimated sales (seas. adj.)-Continued
Nondurable goods stores
General merch. group stores
.......... «»»...
Department stores excluding leased departments
Variety stores
Food stores
Grocery stores
..„...„
..............
Gasoline service stations
Apparel and accessory stores #
„..
Men's and boys' clothing and furnishings stores
Women's clothing, specialty stores, and furriers
Shoe stores
».».„
.....
Eating and drinking places
Drug and proprietary stores
Liquor stores
..„
Estimated Inventories, end of period:
Book value (non-UFO basis), (unadjusted), total
Durable goods stores #
~
mog. materials, narctware, garaen supply, ana mome
home dealers
„
Automotive dealers
Furniture, home furnishings, and equipment................
Pionouraoie goods stores & »....*.....*.^«.........».*.*«•»......«.«..«»
General merch. group stores
Department stores excluding leased departments ...
Food stores .............
Apparel and accessory stores
Book value (non-LIFO basis), (seas, adj.), total ™
Durable goods stores # .„...„..•„
BkJg. materials, hardware, garden supply, and mobile
home dealers
.™ _
Automotive dealers .....'."
...
-..
Furniture, home fum., and equipment........ ..........
Nondurable ooous stores if
»* ..
..... *...
General merch. group stores
Department stores excluding ieased departments .„
Food stores
......... ............
Apparel and accessory stores
„..«...
Firms with 11 or more stores:
Auto and home supply stores
Nondurable goods stores #
»«
General merchandise arouo stores

.....

Grocery stores

„„
„
„

97.284
17,932
14,443
618
30,316
28,311
11,309
8,088
796
2,790
1,572
15,223
5,805
1,762

97,962
17,681
14,174
615
30,761
28,757
11,888
7,883
792
2,717
1.494
15,252
5,865
1,759

97,771
17389
14,160
606
30,487
28,511
12,196
7328
781
2,697
1.488
15,168
5.942
1,765

98,559
17,687
14266
637
30,701
28,727
12,547
7,799
776
2,666
1307
15,240
5,961
1.773

97,348
17,446
14,140
561
30,639
28,670
11,887
7,696
766
2399
1,499
15,166
5,869
1,785

96,906
17,484
14,255
582
30,650
28,680
11,409
7.475
749
2.470
1.430
15,304
5,925
1326

97,857
18.109
14,815
593
30,483
28,509
10,926
8,002
782
2385
1,532
15,710
6,154
1.845

97,742
18,072
14,704
591
30,947
28,977
10,701
7356
780
2,698
1,466
15,513
6254
1,837

97,477
18.093
14,710
600
30.660
28,686
10,497
8,103
794
2,801
1,501
15,615
6243
1,783

'99.080
'18.463
'14,924

„

- -

233,000
121245

237352
121.195

235,454
120,150

235,902
118,154

238,174
117387

243,058
119,194

256,414
124,645

260,078
126367

237,352
121,195

236,304
120298

236316
119,389

235347
116,856

236.440 '235,335
116,894 '117,079

233,100
115,121

15,893
66,391
17.003
111,755
40,091
31248
23,397
17,667
238,159
120,663

15,782
17,381
62.448
65,292
16,921
16,843
116,157 115,304
41,168
40,348
32,307
31,946
23,910
25,249
19204
18,021
242,563 '237.679
120,629 '119,089

16,632
61,064
16,827
117,748
42,338
33,210
23,867
20,387
239,657
120,165

16,416
60,347
17,157
120,287
43.547
33,989
23,950
21.151
242,893
123.271

16276
60281
17,766
123,864
45,983
35,724
24222
21263
243,217
123,559

15,948
63,662
18,649
131,769
50.359
39,507
25,068
22,364
244,901
124,048

15,836
65,545
18,640
133,111
51,004
40,431
25,559
22,084
244,550
122,947

15,782
65292
16,843
116,157
40,348
31,946
25249
18,021
242.5S3
120.629

15393
64,692
16,597
116,006
40,626
32291
25.193
17,645
244,071
121217

16241
63,807
16,386
117,427
42,030
33,194
24,757
18,771
241,179
119239

16,831
60,975
16,405
119,091
43220
34,370
25,099
19.138
236,900
116,041

16,639 '16,848
60.163 '60,145
16374 '16.795
119346 M18256
43,580 '42393
34,839 '34,017
24,980 '25201
19304 '18357
236,696 '236,156
116,087 '115,496

16,733
58,409
16,613
117,979 ................
42,109 ................
..„„...,
33,490
„...
25,439 .
18392
235,629
114238

16390
64,179
17,140
117,496
44,095
34226
23,198
19,436

16,440
63.071
16,996
121,934
44,357
34,990
25,008
19347

'16,793
'61,019
'17302
r
\ 18,590
'43,179
'33,900
'23,948
'19.S42

16,566
62,459
17294
119,492
43,338
34237
24,099
20.387

16,498
65.737
17,330
119,622
43,534
34263
24267
20,202

16374
65,555
17,469
119,658
43,624
34.186
24,397
19.891

16,441
66,102
17,364
120,653
44,032
34,595
24,373
20,057

16,427
65,062
17291
121,603
44286
34,854
24,604
19,695

16,440
63,071
16,996
121.934
44,357
34,990
25,008
19347

16,401
63,580
17,005
122,854
44,824
35.563
25,325
19304

16,241
61,942
16,893
121340
44,341
34,941
25,178
19,738

16.199
59,357
16,723
120,859
43,820
34,752
25273
19369

16,014 '16,107
58,921 '58,471
17.166 '17,103
120,609 '120.660
43,684 '43,905
34,700 '34.925
25246 '25,294
19,558 '19383

16,152
57,141
17,004
121,391
44,214
,
35,179 „„,
25,489 ... —..
19,722

648,387
77,143
7,940
571244
187508
192360
190.359
50.066
44,384
37321

685,851
81,101
8397
604,750
194464
202,872
199,992
53297
45,964
41.947

54265
6,683
770
47382
14 061
17',039
16,828
3,953
4,071
3287
57357
725
13,925
482
16,761
4,526

58.470
6,715
789
51.755
16171
17,285
17,064
4.902
4.143
3,493
57.572
721
13,973
471
16,551
4,537
1,563
1.003
3.553

54,606
6,315
714
48,291
14555
16,608
16,407
4288
3,828
3,293
57,908
711
13,730
472
17,020
4,454
1376
953
3,595

57,074
6,562
767
50,512
15372
16,893
16,680
4290
3,901

63,525
7,152
727
56,373
20081
17264
17,028
5,163
3.725
3.670
58274
718
13,823
472
17,045
4,462
1,566
956
3.696

82,401
10,544
702
71,857
30149
18,732
18,316
7,570
3,761
4,993
57,825
721
13,702
431
16,959
4393
1346
905
3,615

49228
5265
611
43,963
11275
17.0316320
3,033
3315
3,450
57,630
720
13,872
451
17,093
4,36
333

47317
5213
582
42304
11 903
15'.629
15,386
3217
3,418
3.457
58,497
74
14,454
465
16,945
4,647
1,594
97
3,786

57230
6236
698
50,994
15399
17,846
17,570
4,616
3,933
3,864
58383
718
14,308
455
17209
4336
1,60
920
334

'54382
'6,626
'747
'48,356
M493'16,468
' 16264
'4284
'3,812
'3397
'58,317
'74
'14308
453
'16,942
'4,649
'1,652
'9S5
'3.778

59,801
7289
734
52,512
16308
16,166
17,954
4,601
3.988
3,821
58,967
739
14,459
457
17,18
4,73
1,69
95
3,787

-

...
...

_

...
...
...
!"
...

'96,021
'17,837
'14,323
'611
'30284
'28288
'10,356
'8,060
'799
'2.849
'1,517
'15290
5,733
'1,730

'95,876
'17,735
'14293
'611
'30,192
-28,226
10,477
'8,143
'806
'2,952
'1,510
'15,213
'5,680
'1.720

„,.

Eating places ..„...„.,„...„„„. ....„ ............. .»...«„
Drug stores and prop7ietary*stores
Estimated sales {sea. adj.), total
Auto and home supply stores
.....„.......*..».„.. .-„.„..,........
Department stores excluding leased departments . —.....,
Variety stores
...
„
.»». .......... ............
Grocery stores
- Apparel and accessory stores
........
Women's clothing, specialty stores, and furriers
- — ~ "
...-...„.„.....
Shoe stores
...............................
Drug stores and proprietary stores .....—....-..... - «
-•-•-"•
•

•

—

•

•

•

•

56,440
6,846
. 786
49,594
1550*
17,250
17.039
4,335
3.983
3366
57254
724
13,897
479
16,672
4,601
1,683
948
3.470

3,48S

58,046
711
13,715
466
16,934
4,411
3,6*

..

..„

'31,205
'29,086
'10.685
'8,112
................

.„ ,„....
.............

'16.010
'6,337

-

—

I-

---

LABOR FORCE, EMPLOYMENT, AND EARNINGS
LABOR FORCE AND POPULATION
[Thousands, unless otherwise indicated]
Not seasonally adjusted:
Noninstitutional population, persons 16 years of age and over
Labor force @
„.„
...
.........
............
Resident Armed Forces ...!!..-..
«.........
Civilian noninstitutional population ..»...................._..............
Civilian labor force, total
.".
Employed
.....„„„ „
Unemployed
;
„.-„
Seasonally adjusted: 0
Civilian labor force total .-

188,081
125,557
1,688
186,393
123,869
117342
6328

189,686
126,424
1,637
188,049
124,787
117,914
6374

663

66.4

Employed, total "
..
cmptoymem-popuiaoon rano, percsni j „„..._„.„
Agriculture
..
....
Nonagricultuni . . „ „ „ „
_..—„„.
M*m.
Unemployed, total.
.—
_-« .
Long term, 15 weeks and over „ ,......,„..... »„.

3,199
114,142

3.186
114,728

1375

1304

Seefootnotesat end of tables.




189,607
127.937
1,630
187,977
126.307
119,605
6,702

189,763
128327
1,627
188.136
126,900
119,954
6345

189,901
127.652
1,640
188251
126,012
119,174
6,837

190,002
126,380
1,601
188,401
124.779
117,961
6318

190,095
126,590
1.570
163,525
125,020
118299
6,722

190,312
126,436
1,615
188,697
124.821
117.611
7211

190,483
126247
1.617
188666
124330
117287
7343

190,592
125200
1.615
188,977
123385
114,990
8395

190,717
125,672
1,602
189,115
124.070
115,151
8,919

190,703
125,903
1,460
189243
124,443
115,639
8.804

190,836
126,183
1.456
189,380
124.727
116,678
8.049

190,980
126,315
1.458
189,522
124.857
116,624
8233

191,173
128,559
1,505
189.668
127,054
118280
8,774

191.443
128,931
1,604
189,639
127327
118,751
8,576

124,797
66.4
118237
6Z9
3279
114358
6,560
1,436

124,709
66.3
117,882
62J
3,108
114.774
6,827
1,508

124,705
66.2
117,690
6Z5
3.152
114338
7015
1368

124,970
66.3
117383
62.6
3,194
114,689
7087
1.605

124375
662
117,733
62.4
3,175
114,558
7.142
1391

124,723
66.1
117386
6Z2
3,185
114201
7.337
1,727

125,174
66.3
117374
62.3
3253
114,321
7.600
1,739

124,638
66.0
116,922
61.9
3,163
113,759
7.715
1,829

125,076
66.1
116,916
61.8
3222
113,696
8,158
1.975

125,326
662
116,754
61.7
3,098
113356
8,572
2,184

125372
66.4
117398
62.0
3,156
114243
8274
2229

125232
66.1
116,591
615
3272
113,319
8,640
2234

125,629
662
116,884
61.6
3,308
113376
8.745
2,573

1252U
66.0
116,712
613
3239
113,474
8301
2,348

SURVEY OF CURRENT BUSINESS

S-10
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in Business Statistics,
196148

1989

August 1991
1991

1990

Annual
| 1990

June | July

| Aug. | Sept | Oct. | Nov. | Dec

Jan.

Feb.

I Mar, | Apr.

May | June | July

LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued
LABOR FORCE-Continued
Seasonally adjusted O-Continued
Civilian labor force-Continued
Unemployed—Continued
Rates (unemployed in each group as percent of
civilian labor force in the group):
All civilian workers
, _.. „».»......-.„.
Men, 20 years and over
„.„„
......
Women, 20 years and over
.......
Both sexes, 16-19 years
White

slack
„......-«._........««.
„ ..,,z
Hispanic'o^inZZZZZZlZZZZZ'.
Married men, spouse present

Married women, spouse present
Women who maintain families .............................
Industry of last job!
Private nonagricuftural wage and salary workers
Construction
,„..„..„„.„,„„.„„...,....

Manufacturing[ Z Z Z Z Z Z Z Z Z " Z

Durable goods
™
Agricultural wage and salary workers
Not seasonally adjusted:
Occupation:
Managerial and professional specialty
Technical, sales, and administrative support
Precision production, craft, and repair
Operators, fabricators and laborers ~~

Farming, forestry, and fishing

ZZZZZ

5.3
4.5
4.7
15.0
43
11.4
8.0
3.0
3.7
8.1

55
4.9
4.8
15.5
4.7
11.3
8.0
3.4
3.8
82

5.3
4.7
4.6
14.7
4.5
10.7
7.3
32
3.7
8.0

5.5
A3
4.7
15.8
4.7
11.4
7.9
3.3
3.6
8.3

5.6
5.0
4.9
16.6
4.8
11.7
7.9
3.5
3.9
8.4

5.7
5.1
4.9
15.7
4.8
11.9
8.5
3.5
3.9
8.7

5.7
52
4.9
162
4.9
11.7
82
3.5
3.9
8.5

5.9
5.4
5.1
16.4
5.0
122
8.6
3.7
4.1
8.7

6.1
5.6
5.3
16.6
53
122
9.3
33
4.1
8.7

62
5.6
5.3
182
53
12.1
9.3
4.0
4.1
9.0

63
6.3
5.4
17.1
5.9
11.8
9.5
4.3
4.4
9.1

6.8
63
5.7
18.7
62
12.3
10.3
43
4.8
9.0

63
62
53
18.1
53
123
9.0
4.4
43
93

6.9
63
53
19.1
6.1
13.0
9.7
4.4
43
9.1

7.0
6.6
5.9
192
62
13.1
93
4.7
4.7
92

63
6.5
5.4
20.6
62
11.8
93
4.3
4.3
83

5.3
10.0
5.1
4.8
9.6

5.7
11.1
5.8
5.8
9.7

5.4
9.8
52
52
9.8

5.5
10.5
5.7
5.7
10.1

5.7
112
5.8
5.9
9.5

5.8
12.0
5.8
6.0
9.3

5.9
13.0
53
5.9
8.5

62
13.3
6.5
6.9
9.8

6.3
14.0
63
6.6
12.3

6.4
14.5
6.4
6.8
11.9

6.9
15.5
7.4
8.1
113

72
14.1
7.6
82
13.8

7.0
15.0
7.6
8.3
93

72
14.7
7.4
7.7
112

7.4
153
8.2
8.4
122

7.1
16.7
7.0
7.1
113

2.0
33
6.5
52
8.0
6.4

2.1
42
6.6
5.8
8.6
62

22
4.1
6.2
4.8
7.3
4.7

2.4
42
6.5
7.6
5.6

2.6
4.4
64
5.3
7.4
5.3

2.5
4.5
6.9
5.8
7.3
5.4

22
4.3
6.5
5.6
8.0
5.1

2.0
4.5
7.1
6.5
92
7.0

2.1
4.4
63
7.1
9.9
82

2.7
5.0
72
9.1
12.3
10.3

2.4
5.2
7.5
9.6
13.0
10.5

23
52
7.9
83
12.3
112

2.4
4.9
6.7
82
11.0
6.4

2.8
52
7.4
7.6
9.8
5.8

2.9
5.1
7.5
72
10.4
53

3.1
5.0
7.1
72
93
5.4

108.329
90,550

109,971
91.649

111,405
92,754

110,045
92,559

109,900
92,714

110,478
92,412

110,721
92,128

110,691
91,937

110,409
91,756

107.979
89,646

107,887
89204

108,147
89,373

108,329
90,550
71.108
25.322
693
5,187
19,442
11,420
758
526
570
773
1,450
2,130
1,747
2,054
1,028
383
8,022
1,651
50
721
1,079
697
1,562
1,076
156
891
138
83.007
5.644
6221
19,549
6,695
27.120
17,779
2388
4,182
10,609

109.971
91,649
72,538
24,958
711
5,136
19,111
11,115
741
510
557
756
1.423
2,095
1,673
1,980
1,004
377
7,995
1,668
49
691
1,043
699
1,574
1,093
158
889
132
85,014
5.826
6,205
19,683
6,739
28240
18,322
3,085
4,303
10334

110,435
91,858
72.665
25,093
718
5,182
19,193
11,189
746
514
560
759
1,430
2,102
1,682
Z013
1,007
376
8.004
1,662
49
693
1,045
700
1,577
1,093
157
894
134
85,342
5.831
6220
19,714
6,746
28254
18,577
3,337
4,311
10,929

110269
91,839
72,674
25,027
717
5,145
19.165
11,160
744
511
556
762
1,430
2,098
1,675
2,002
1,004
378
8,005
1,665
49
692
1,041
701
1,577
1,095
158
895
132
85242
5.832
6215
19,710
6,745
28.310
18,430
3,162
4,311
10,957

110,160
91,839
72,726
24,937
713
5,111
19,113
11,111
740
511
555
757
1,430
2,091
1,665
1,987
999
376
8,002
1,668
50
690
1,039
701
1,577
1,094
158
894
131
85223
5339
6,211
19,714
6,750
28,388
18,321
3,038
4,318
10565

110,113
91,785
72,742
24,842
711
5,088
19,043
11,049
733
508
552
754
1,421
2,079
1,657
1,971
998
376
7,994
1,670
49
685
1,039
700
1,575
1,096
158
892
130
85271
5354
6204
19,698
6,750
28,437
18,328
2,994
4,328
11,006

109,982
91,638
72,665
24,705
710
5,022
18373
11.000
730
505
549
753
1,415
2,074
1.647
1357
995
375
7373
1,672
49
678
1,032
699
1,573
1,095
158
889
128
85277
5,855
6,190
19,663
6,746
28,479
18,344
2380
4339
11,025

109,761
91,406
72,599
24,481
712
4.962
18,807
10367
719
496
543
747
1.402
2,063
1,636
1,897
991
373
7.940
1,669
49
677
1.023
697
1368
1,095
159
877
126
85280
5352
6,180
19,628
6,740
28.525
18,355
2,964
4,345
11,046

109,621
91,268
72319
24,375
715
4,911
18,749
10,828
714
493
539
742
1.395
2,054
1,628
1302
989
372
7321
1,672
49
671
1,017
695
1,565
1,095
159
873
125
85246
5,867
6,166
19,579
6,733
28,548
18,353
2,948
4,347
11.058

109,418
91,053
72,382
24,181
713
4,797
18,671
10,770
706
490
532
740
1,389
2,048
1,621
1388
985
371
7,901
1,673
49
667
1,012
696
1,560
1,094
158
868
124
85237
5,866
6,138
19342
6,736
28.590
18,365
2,952
4,352
11,061

109,160 108,902 108,736
90,312
90,495
90,771
71,916
72,052
72239
23,794
23,877
24,039
710
714
715
4,688
4,720
4,792
18,396
18,443
18,532
10,560
10,584
10,652
692
692
696
481
479
482
521
520
527
723
724
726
1,353
1,356
1365
2,007
2,024
2,036
1,597
1.599
1,611
1,846
1346
1,859
976
978
982
364
366
368
7,836
7,880
7359
1,673
1,679
1,679
48
48
49
660
660
661
1,005
1,009
1,010
691
693
694
1,542
1,548
1353
1,089
1,091
1,093
159
158
158
849
652
861
120
121
122
85,025
84342
85.121
5314
5,824
5,834
6,086
6,105
6,119
19,324
19.378
19,464
6,718
6,735
6,732
28.576
28,576
28383
18,424
18,407
18389
2,953
2351
2,951
4352
4,359
4,354
11,119
11.097
11,084

'108.887
'90,447
'72,021
'23,847
'706
' 4,715
'18,426
'10,575
'697
483
519
721
1,354
'2,003
1,599
'1363
973
363
'7351
1377
48
'665
1,013
690
'1,540
1.086
159
'854
119
'85,040
'5,819
'6,085
'19,339
'6,712
'28,645
'18,440
'2,952
'4,348
'11,140

73,400
13269

74,254
12,974

75254
13,131

75,052
12,956

75,237
13,069

74,944
13,071

74,709
12,984

74.526
12.788

74,340
12.694

72,309
12.485

71,903
12,362

72,079
12319

72.530
12,327

'73,188
'12,389

73,400
17311
494
4,048
13269
7,614
628
419
445
590
1,074
1285
1.104
1279
511
279

74254
17,471
510
3,987
12374
7,371
610
403
433
574
1 048
1259
1,055
1218
498
274

74,447
17,591
516
4029
13,046
7,434
614
407
435
577
1 054
1265
1,064
1246
500
272

74,401
17,538
516
3,994
13,028
7,417
611
404
432
580
1 056
1262
1,059
1242
497
274

74,407
17,453
510
3,962
12,981
7,375
608
403
430
575
1 053
1257
1,052
1.230
494
273

74,348
17,368
511
3,937
12,920
7,322
604
401
429
572
1,046
1246
1,043
1217
491
273

74209
17252
512
3876
12,864
7287
600
397
426
571
1 041
1244
1,038
1211
488
271

73384
17,048
512
3,821
12,715
7,172
590
389
421
566
1 030
1235
1,028
1,158
486
269

73,841
16,958
513
3.773
12,672
7,148
585
386
419
562
1 024
1228
1,022
1,168
486
268

73,666
16,787
511
3,672
12,604
7,098
578
384
411
559
1 018
1223
1,014
1,158
486
267

73,378
16,658
512
3658
12:488
7,000
569
377
406
548
994
1215
1,007
1,135
484
265

73,172
16,534
511
3399
12,424
6356
564
375
400
546
9C
9
1209
1,000
1,125
485
262

72,983 '73,121 '73,155 '73,123
16,477 '16330 '16,511 '16323
'500
'500
'503
509
'3,595 '3580
'3598
3365
12.403 '12,429 '12,416 ' ^ 4 4 3
'6,948 '6958
6,948 '6364
'572
'570
'570
566
'378
380
378
377
400
'398
400
401
'541
'541
'544
544
'99'
990
'990
989
'1,182 '1,176
'1,191
1,198
'1,005 '1,004
1,005
1,001
'1,144 '1,160
'1.148
1.130
'475
475
'478
481
'264
260
260
261

EMPLOYMENT §
[Thousands]
Employees on nonfarm payrolls by industry
total, not adjusted for seas, variation
Private sector (exd. government)
Seasonally Adjusted:
Total employees, nonfarm payrolls „ - ™- «
Private sector (excf. government)
Nonmanufacturing industries.. -_
~ „
Goods-producing
Mining
Construction
Manufacturing
Durable g o o d s Z Z Z Z " " " - " I »"
Lumber and wood products
Furniture and fixtures .... «
— - ....
Stone, day and glass products — Pnrnajy metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electncal equipment .. „
Transportation equipment
Instruments and related products
Miscellaneous manufacturing
„ -„
Nondurable goods. ...
Food and kindred products - Tobacco manufactures
iflxiiid mill products «++*•«

n

•* •»

Apparel and other textile products"
Paper and allied products « ~
Printing and publishing ..
Chemicals and allied products
Petroleum and coal products
Rubber and misc. plastics products « _
Leather and leather products
Service-producing
Transportation and public utilities
Wholesale trade
Retail trade
„.,
„„- „
Finance, insurance, and real estate
Services...
„„»« - Government.... ._„.„
„ ..
_ „„
Federal
...

State

...Z _ " Z

-

Local...-....»..-.
—
Production or nonsupervtsory workers on private nonfarm
payrolls, not seas, adjusted
Manufacturing, not was. adjusted ......
Production or nonsupervtsory workers on private nonfarm
payrolls ....... .-«.
-- „ ^ _ „„
Goods-producing .....„...„„„„,..
Mining
_.Z Z Z Z -» Manufacturing
......
„„
_ „ „
Durable goods
,....„. „ „„ «. „»«....
Lumber and wood products
— - Furniture and fixtures .....
Stone, clay, and glass products
Primary metal industries
Fabricated metal oroducts
Industrial machinery and equipment
™.™....._
Electronic and other electrical equipment
Transportation equipment
.....
Instruments and related products
Miscellaneous manufacturing ...,„..„....«..„..._„„„,.
Seefootnotesat end of tattei




108,590 ' 109,304 '109,819 '108,562
89,825 '90,493 '91,307 "91,105
'108366
'90,440
'72,064
'23,789
'704
'4,709
'18.376
'10332
'696
'482
'519
'718
1,356
1,989
'1,593
'1347
'969
'363
'7344
1,676
4f
'665
'1,018
687
'1,531
1.086
'159
'855
119
'85.077
'5.811
'6,071
'19,340
'6,702
'28.727
'18,426
'2351
'4,362
'11,113

'108,815
'90,399
'72,010
'23,779
'703
'4,687
'18,389
'10,532
'698
'482
'517
'719
'1.356
'1,984
'1386
'1,856
'967
'367
'7,857
'1,665
'49
'672
'1,031
'687
'1,531
'1,084
'159
'857
'122
'85,036
'5308
'6,052
'19,358
'6,697
'28,705
'18,416
'2.950
'4,364
'11,102

'73,947 '73.735
'12,495 '12.377

S-ll

SURVEY OF CURRENT BUSINESS

August 1991
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in Business Statistics,
1961-88

1990

Annual
June

1990

|

LABOR FORCE,

July

|

Aug. |

1991

Sept.

|

Oct. |

Nov. |

Dec.

Jan. |

Feb. |

Mar. |

Apr. |

5,488
1213

5,455
1207

592
102
660
100

5.468
1,213
35
564
842
521
851
591
102
651
98

May

|

June

|

July

EMPLOYMENT, AND EARNINGS-Contlnued

EMPLOYMENT §-Continued
[Thousands]
Seasonally adjusted-Continued
Production or nonsupervisory workers-Continued
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and misc. plastics products
Leather, and leather products

592
870
526
876
601
103
693
107

5,598
1203
37
588
870
525
873
601
103
691
107

5,577
1204
36
580
864
525
871
600
104
688
105

5,543
1202
36
580
654
522
867
593
104
677
103

5,524
1206
36
574
850
521
864
103
672
102

5,506
1,208
36
571
844
522
850
594
102
668
101

56,863
4,840
4,994
17,458
4,868
24,703

56,954
4,832
4,990
17,463
4,899
24,770

56,980
4,850
4,983
17,445
4,891
24,811

56,957
4,852
4,968
17.409
4,886
24,842

56,936
4,854
4,959
17,370
4,876
24,877

56,883
4,866
4,946
17,321
4,863
24,885

56,879
4,869
4,924
17277
4,869
24,940

56,720
4.840
4,904
17202
4,863
24,911

56,638
4,834
4,894
17.132
4,862
24,916

34.8
346
44.4
39.1

34.9
345
43.7
38.4

34.8
34.5
43.9
39.0

34.8
34.6
44,7
39.1

34.3
34.2
44.0
38.0

34.3
34.4
44.9
382

34.7
34.6
44.8
38.3

33.7
34,1
44.4
362

33.9
34.3
44.9
37.0

34.0
342
44.6

41.1
40.9
3.8

40.5
40.9
3.7

40.8
40.9
3.8

41.3
40.9
3.7

40.9
40.7
3.6

40.8
40.6
3.5

41.3
40.7
3.5

402
40.4
3.4

39.9
40.3
3.3

41.5
3.9
40.3
39.3
42.3
43.0
41.6
42 0
41.0
42.6
412
39.3

41.5

41.5
3.9
40.5
39.4
42.3
42.9
41.6
42.1
40.6
42.6
41.3
39.9

41.5

4U

3.8

3.6
39.8
38.6
412
42.9
412
42.1
40.7
42.5
41.0
39.8

41.1
3.5
39.5
38.5
41.8
42.7
40.8
41.8
40.7
41.1
41.0
39.6

412
3.6
40.0
38.8
42.0
42.3
41.1
42.1
407
415
412
39.3

40.8

40.7
392
422
43.0
41.6
42.1
41.1
42.8
41.3
39.9

40.7
32
39.3
375
41.7

402
36
403
39.4
404
3S.7
43.5
380
416
46.7
41.6
37.4

40.1
36
405
38.6
402
36.6

40.1
37
41.0
39.3
400
36.6
43.5
382
42.3
43.8
41.3
37.6

402
36
412
40.9
399
36.6
432
380
427
45.3
41.4
37.5

40.0
36
40.6
40.8
398
36.4
43.5
379
42.6
43.8
41.1
37.1

39.9
36
40.7
40.3
39.3
363
43.5
378
416
46.0
40.8
36.8

40.0
36
40.9
39.9
39.4
365
43.5
37.8
42.9
43.9
41.0
37.3

39.9
34
407
395
39.4
36.3
43.0
377
425
42.9
40.8
36.9

39.8

40.8
392
399
36.4
43.3
379
42.6
44.6
41.1
37.4

38.9
38.0
28.9
35.8
32.6

38.9
38.1
28.8
35.8
32.6

392
38.1
28.9
35.8
32.5

39.1
38.1
28.9

39.1
38.2
28.9
36.1
32.8

38.5
37.9
28.4
35.5
32.3

38.7
38.0
28.7
35.6
32.5

39.0
38.3
28.7
36.2
32.8

38.7
37.9
28.3

32.5

39.0
38.1
28.7
35.7
32.5

201.02
165.15
1.55
1022
41.39
11.42
1229
2938
12.46
46.44
35.87

203.47
166.79
1.63
1020
40.50
11.79
12.29
29.48
12.55
48.36
36.68

204.94
167.48
1.66
10.38
40.81
11.89
12.32
29.63
1256
4824
37.47

204.51
16727
1.63
10.10
40.72
11.86
12.31
29.62
1270
48.33
3725

203.86
166.95
1.63
10.15
40.61
11.84
12.31
29.42
1Z53
48.46
36.91

204.76
167.82
1.65
10.19
40.49
11.90
12.32
29.60
12.67
48.99
3653

202.06
16523
1.62
9.67
4021
11.72
1220
29.04
12.45
48.3
36.84

202.62
165.77
1.66
9.92
39.75
11.78
1221
29.29
12.48
48.69
36.85

203.34
166.53
1.67
9.93
39.69
11.90
1228
2922
12.67
49.17
36.8

122.6
1120
60.6
139.3
109.6
109.7
109.6
127.4
111.5
116.8
123.3
120.0
1402

123.7
1098
64.1
138.3
106.6
105.5
1082
130.0
115.1
116.3
123.6
120.8
145.6

124.3
111."
65.3
140.8
107.7
107.0
108.8
130 3
116.1
1161
1242
120.6
145.5

124.0
1102
64.5
137.1
107.4
106.8
108.4
1303
115.5
1166
124.1
1207
145.7

123.9
109.!
64.0
137.4
107.1
106.1
108.5
130
115.3

124.4
109.6
64.9
1372
106.6
105.3
108.4
1310
116.0
1167
124.
122.
147.3

122.6
107.7
64.4
130.9
105.6
1042
107.
129
114.
115
121.
119.
146.

122.9
106.
653
132.9
104.0
102.
1067
130
1152
115
122.
1202
146.

123.3
106.

5,655
1,181
37
623
910
522
867
605
102
694
115

5,612
1,194
36
594
877
525
876
604
103
693
110

5,611
1,197
36
593
873
526
877
604
103
693
109

5.606

55,590
4 688
5,009
17,327
4,849
23,718

56,783
4,835
4,985
17,434
4,884
24,646

56,856
4,843
5,003
17,465
4,879
24,666

34.6

34.5

43.0
37.9

44.1
382

41.0

40.8

3.8

Service-producing
....................................
Transportation and public utilities
Wholesale trade
Retail trade
'.
!."
!."!!."
!
Finance, insurance and real estate
...
....
Services

5,603
1200
36
593
874
524
873
603
103
688
109

3.6

41.6
3.9
40.1
39.5
42.3
43.0
41.6
424
40.8
42.4
41.1
39.4

41.3

40.2
36
407
38.6
409
36.9
43.3
379
42.4
44.3
41.4
37.9

40.0

1201
37

596

'5,485
/-1202
'36
'577
'865
'517
'842
'583
'103
'661

'5.468
'1,213
36

97

'5,465
1211
'3$
'570
847
519
'844
'585
'102
654
97

56,506
4,825
4,879
17,072
4,851
24,879

'56,591
'4,834
'4,878
-17,083
'4,854
'24,942

'56,644
'4,830
4,866
'17,076
'4,848
'25,024

'56,600
'4,836
'4,846
'17.078
'4,846
'24,994

342
34.3
44.9

372

34.0
34.0
44.3
37.8

382

347
345
'44.9
'38.7

'345
'34.1
'43.8
'38.6

40.1
40.3
3.3

40.1
402
35

40.3
40.4
3.4

40.9
40.8
37

'40.3
'40.7
'37

40.6
3.2
392
382
41.3
41.4
40.6
415
402
40.8
40.9
39.3

40.7
3.3
392
385
41.3
41.4
40.7
41.3
40.6
41.0
40.8
392

'40.8
3.3
39.7
38.9
41.5
41.6
40.8
41 ?
'40.6
412
40.8
39.3

41.3
37
'40.6

'412
'3.7
'40.3
'39.1
'42.1
'422
'41.4
'41.6
'40.8
'41.9
'40.7
'392

397
34
40.3
37.7
396
36'4
42.9
375
4Z4
44.5
40.7
37.1

39.9

40.1
3.7
'40.5
'39.5
'408
36.9
'432
378
'43.0
'44.
'41.
'37.

'40.1

372

399
34
40.6
382
394
365
43.2
376
427
43.9
40.6
37.1

357
322

38.6
37.9
28.6
35.8
32.5

38.6
38.1
28.6
35.6
32.4

38.4
37.9
28.4
35.6
322

'38.
'38.
'28.
'362
'32.

'38.1
'37.9
'28.4
'35.6
'322

200.8
163.84
1.65
9.34
39.35
11.8
12.1
28.7
125
48.34
36.99

201.1
1642
1.6
9.53
38.99
11.7
12.06
28.95
12.53
48.78
365

200.4
163.3
1.66
92
38.8
11.6
12.1
28.8
12.4
48.62
37.0

199.43
162.43
1.64
9.23
38.68
11.6
11.99
23.54
12.44
48.3
37.00

-200.6
'163.75
1.6
'9.32
'38.83
'11.7
12.09
'28.8
12.39
'48.88
'36.86

-201.58
'164.77
1.64

'199.55
'162.75
'1.60
'9.25

'38.96
'11.75
'12.09
'29.06
'12.62
'49.3
'36.8C

'38.95
'1151
'11.93

121.
104.
65!
126.S
101.
98.
105.
129.
114.
114.2
121.
120.
146

120.9
102.
65.
1232
100.
97.
105.
129
114
114
120
119
146

120.
1025
64.
122.
100.
97.
104.
127
113
113,
119
118
145

'121
'103
'64
'124
'101
'98
105
-129
'114
114
-120
'119
'147

'122
'103
-64
124
'102.
'99
'105
'130
'114
'114
'121
'121
'148

'120.4
'1036
'625
'1235
'1011
'99.3
'106.1
'1280
'1127
'112.6
'1193
'118.1
'146.1

36

565
843
522

855

35

565
840
519
849
591
103
649

570
'851
517
'840
'584
'103
'657
97

'99

AVERAGE HOURS PER WEEK §
[Hours]
Seasonally adjusted:
Average weekly hours per worker on private nonfarm
payrolls* 0
Not seasonally adjusted
Seasonally adjusted
Mining
Construction f

..

..........•••..*.*.,.+....••.••.....•...•.•••••.•.•........••

Manufacturing:
Not seasonally adjusted
Seasonally adjusted
Overtime hours
Durable goods
•.
~
Overtime hours
Lumber and wood products
Furniture and fixtures
Stone, clay, and class products
Primary metal industries
Fabricated metal products
industrial machinery and equipment ........
Electronic and other electrical equipment
t r s n s o o r t s t i o n ©oujocnsrit

........
....
,..
.....

***»»•**«•••••••**•***•+•*•*•

••••*»**i*4t*b*aa

Instruments and related products
Miscellaneous manufacturing
Nondurable goods
Overtime hours
Food and kindred products
Tobacco manufactures $
Textile mill products
....
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products % .....................................
Rubber and misc. plastics products
Leather and leather products
Transportation and public utilities .....
Wholesale trade

Retail trade

. ...

"ZZZ

Finance, insurance and real estate t
Services
'

3.7
40.2
39.1
42.0
42.7
41.3
419
40.8
42.0
41.1
39.5

36

3,8
402
39.7
41.7

432
41.7
420
40.7
42.8
412
39.5

435
380
42.4
44.7
41.4
37.4

362

3.3
39.4
38.5
41.0
42.0
40.6
41 6

40i3
41.5
40.8
39.0

415
40.7
415
405
41.0
41.0
39.3

34
40.6
38.4
392
365
43.0
376
42^4
43.8
40.6

35
40.3
'39.0
40?
36.7
43.0
'37 5
'425
'45.1
'40.9
'372
38.8

382
'28.

35.
325

392

42.0
'422
41.3
'41 7
'40.7
'42.0
'41.0
'39.8

'37
'405
'382
'403
'37.0
'435
'376
'42.6
'43.9
'41.0
'375

AGGREGATE EMPLOYEE-HOURS §
[Billions of hours]
Seasonally adjusted:
Employee-hours, wage and salary workers in nonagric.
establishments, for 1 week in the month, seas adj. at
annual rate ...
Total private sector
Mining ......
Construction
Manufacturing
Transportation and public utilities
„
Wholesale trade
_
Retail trade
Finance, insurance, and real estate
Services ...
Government .

'9*

'28.59
'12.40
'4852
'3650

[1982*100]
Indexes of employee-hours (aggregate weekly): 0
Private nonfarm payrolls, total
Goods*productnQ
Mining

„•

„

,

Construction
~.....!".."...!!!™Z".".ZZ
Manufacturing
Durable goods
Nondurable goods
Service-producing
„.
Transportation and public utilities .„
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services .„,„,....„,„..
„...,.,..,... „ .
See footnotes at end of tables.




1165

123.3
120.8
146.

121.
104.'

65*
132.
103.
102.
106.
130
116.
115
122.
121.
148.

125.
102.
100.
105.
128.!
115"

114
120.
120
145.

SURVEY OF CURRENT BUSINESS

S-12
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in Business Statistics.
1961-88

1989

|

August 1991

1990

Annual
1990

June

|

July

|

Aug.

Sept

1991
Oct

|

Nov. | Dec.

Jan.

| Feb.

Mar.

May

APT.

|

June | July

LABOR FORCE , EMPLOYMENT, AND EARNINGS-Contlnued
HOURLY AND WEEKLY EARNINGS §
[Dollars}
Average hourly earnings per worker, not seasonally
adjusted: 0
Pnvate nonfarm payrolls
.„„.„.„.....
Mining
Construction .,...„„...
Manufacturing
„ „
„.!
Excluding overtime
„
Durable goods
..«.„
Excluding overtime
Lumber and wood products
Furniture and fixtures
«.
...
Stone, clay, and glass products .....
....
Primary metal industries
~ .„
...............
Fabricated metal products
Industrial machinety and equipment %%
Electronic and other electrical equipment $$
Transoortation eauioment i t
Instruments and related products
...........
Miscellaneous manufacturing
Nondurable goods
Excluding overtimei "I!!!!!"™".™!!!!".!!!!!"!!!.?.!!!!!!!!!!!
Food and kindred products
Tobacco manufactures ,.
Textile mill products ...;.„..„.
„
Apparel and other textile products
!!!!!!!
!.
Paper and allied products
....
Printing and publishing ....
Chemicals and allied products
„
!!
Petroleum and coal products
Rubber and misc. plastics products
Leather and leather products „ „..
_
Transportation and public utilities
Wholesale trade
Retail trade
!!!.
!!!!!
!
Finance, insurance, and real estate
Services
. .

9.66
1326
13.54
10.48
10.02
11.01
1052
8.84
8.25
10.82
12.43
1057
11.40
10.05
1367
1033
829

10.02
13.69
1378
10.83
10.37
11.35
10.86
9.09
852
11.11
12.92
10.83
11.78
10.30
14.10
1U1
851

9.97
13.70
13.68
10.64
10.36
11.37
10.86
9.07
8.51
11.13
12.92
1036
1175
1026
1419
1126
851

9.99
13.74
13.76
1037
1040
11.38
1039
9.15
8.49
11.16
13.05
10.86
1178
10.33
1406
1136
850

9.98
13.66
13.79
1081
10.33
11.35
10.84
9.13
8.55
11.13
12.96
10.85
1130
10.32
14.07
1i!34
8.59

10.15
1336
1357
1053
10.41
11.49
10.94
921
853
1123
13.06
1055
11.94
10.41
14.30
1t45
852

10.14
13.73
13.97
10.94
1046
11.50
10.99
9.14
851
11.18
13.08
1055
11.90
10.45
1441
1146
8.62

10.16
13.82
13.87
10.96
10.48
11.47
10.98
9.11
853
1122
13.13
10.95
1157
10.52
142C
11.48
8.66

10.19
13.88
13.92
11.05
1057
1159
11.08
9.11
8.69
1124
13.13
11.05
12.12
10.55
14.42
1151
8.80

10.22
1420
14.02
11.05
1062
1158
11.15
9.11
851
1123
13.17
11.02
12.06
10.59
14.41
1154
8.78

1023
14.10
13.93
11.02
1061
1155
11.14
9.10
8.65
11.19
13.02
11.02
12.06
1058
14 34
11.85
870

1024
14.09
1353
11.06
10.64
1150
11.17
9.10
8.67
1120
13.17
11.08
12.13
10.55
14.43
1159
876

10.30
14.12
1359
11.11
1069
1155
1122
9.18
870
11.33
1321
11.11
12.10
10.63
14 55
1156
878

10.31
'14.10
13.96
11.15
1072
1170
1127
9.23
8.67
'11.34
'1322
11.15
"12.11
'10.66
'14 74
1157
'8.85

'10.31
'1427
'1337
'11.19
"1071
'11.76
'1127
9.34
'874
"11.40
'13.32
1121
'12.17
'1074
'14 82
'1170
'8.88

"10.30
"1426
"13.37
"1123
"10.75
"1130
"11.31
"9.32
"8.77
"11.43
"13.39
"1125
"12.24
"1079
"14 81
"1170
"8.89

9.75
9.33
9.38
15.31
7.67
6.35
11.96
1038
13.09
15.41
9.46
6.59
12.60
10.39
653
9.53
9.38

10.12
9.69
951
16.29
8.02
657
1Z30
1125
1355
16.23
9.77
650
1256
1079
676
9.97
9.83

10.11
9.68
955
17.12
8.02
6.60
1223
11.16
13.53
1623
975
639
12.87
10.75
6.74
9.89
973

10.18
974
9.66
1728
8.01
6.57
12.36
1125
1359
1623
9.83
6.78
13.00
1031
6.73
9.99
976

10.11
9.65
9.53
16.16
8.05
6.61
12.29
11.30
13.58
16.06
9.78
6.83
12.97
1076
673
9.94
9.75

10.19
959
9.54
15,92
8.09
6.68
12.43
11.40
13.64
16.40
937
6.95
13.08
1053
653
10.10
955

1020
974
9.54
1531
8.12
6.65
12.43
1136
13.74
16.40
9.87
6.96
13.08
1036
6.83
10.08
956

1029
933
9.74
1651
8.13
6.63
1253
11.38
13.75
1659
952
6.99
1309
10.93
636
10.12
10.02

10.33
9.88
930
15.95
8.16
6.65
12.54
11.44
13.77
1651
9.96
7.07
1314
11.04
6.84
1024
10.11

10.33
952
978
16.16
8.17
6.64
1251
11.37
1337
1653
10.02
7.09
13.18
11.04
650
1024
10.12

10.31
952
9.74
16.12
8.13
6.61
1251
11.37
13.83
17.01
9.99
7.09
13.17
11.08
6,89
10.30
10.14

10.35
9.95
930
17.35
8.16
653
1256
11.36
13.85
17.06
10.01
7.11
13.15
11.06
6.91
10.33
10.16

10.40
9.99
934
17.56
820
6.72
1256
11.43
13.96
17.01
10.02
7.18
13.19
11.12
6.98
10.36
10.19

'10.41
'10.00
9.93
'18.01
'822
6.73
12.63
'11.39
"14.01
'1639
'10.08
'7.15
'13.17
11.11
'6.97
'10.36
'1021

'10.43
'9.97
'9.92
' 18.38
'828
'678
'12.65
"11.44
'14.06
'16.84
'10.08
"7.14
'1317
11.19
'6.97
'10.41
10.19

"10.50
"10.03
"9.89
"18.70
"826
"630
"1231
"11.53
"1423
"17.02
"10.11
"7.12
"1322
"11.15
"6.96
"10.36
"10,15

Average hourly earnings per worker, seasonally adjusted; 0
Pnvate nonfarm payrolls
„.,.„
„.,
Mining
„
„.
Construction
Manufacturing
„
..
Transportation and public utilities ...
..«.
Wholesale trade
.....!!!! „.„ !!!
Retail trade
„
„
Finance, insurance, and real estate
Services
„

9.66
1326
13.54
10.48
12.60
10.39
6.53
9.53
9.38

10.02
1359
1378
1033
1196
1079
6.76
9.97
933

10.02
1375
13.78
10.84
12.94
10.79
6.77
957
9.83

10.05
1378
1331
1037
13.01
1032
678
10.03
9.88

10.07
13.76
13.83
10.89
13.00
10.83
6.80
10.04
9.90

10.10
13.85
1336
10.91
13.03
1052
631
10.12
9.94

10.10
1333
1336
10.96
13.05
10.88
6.82
10.09
9.92

10.13
13.88
13.85
10.96
13.07
10.93
653
10.12
9.98

10.17
1339
1337
10.99
13.11
11.00
6.84
1022
10.03

10.18
14.04
1355
11.02
13.15
11.00
6.66
10.17
10.03

10.20
13.99
13.97
11.03
13.13
11.05
637
1022
10.07

1024
14.03
13.97
11.05
13.16
11.07
6.90
10.32
10.13

10.28
14.05
14.05
11.12
13.19
11.08
6.97
1028
10.16

10.32
'14.13
14.00
11.15
'1324
11.12
'6.98
"10.35
"1024

'10.37
'14.33
'1357
'11.19
'13.24
1123
'7.00
'10.49
1029

"10.36
"14.30
"14.01
"1123
"1323
"11.15
"7.01
"10.40
"1027

[Dollars per hour}
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (ENR): §§
Common labor ........... .............. „„»„.»«..«
Skilled labor
„
Railroad wages (average, class 1)

1732
23.17
15.68

18.33
23.92
16.08

18.26
2351
15.93

1827
2352
16.08

18.40
24.04
15.98

18.51
2426
16.08

1851
2428
15.77

18.61
24.35
1557

1851
24.35
15.99

1851
24.61
15.65

18.61
24.35
1535

18.61
24.35
15.48

1851
24.37
1550

18.78
24.54
'15.57

18.85
24 64
1551

18.98
24.84

33424
26422

345.69
259.72

346.69
26135

346.73
261.09

347.42
25927

349.46
258.67

34542
254.17

348.47
255.66

351.88
257.41

347.14
253.02

349.86
254.81

35021
255.07

34952
25333

353.98
25632

'35777
'25850

"35328
"254.89

33424
570.18
513.17
429.68
458.02
391.95
490.14
39432
188.72
341.17
305.79

345.69
60373
526.40
44136
46876
40430
504.14
411.10
194.69
356.93
320.46

34656
60828
534.89
445.52
474.13
407.43
507.08
410.65
196.81
354.06
31720

34855
599,06
528.38
440.24
466.58
405.16
51350
414.02
199.88
361.64
321.10

347.30
601.04
53731
441.05
46876
407.43
509.72
409.96
19736
354.86
31950

35322
625.09
54623
451.41
480.28
413.71
512.74
418.62
197.39
364.61
325.37

34730
612.36
53056
447.45
476.10
410.04
50620
413.77
193.97
357.84
32270

348.49
62150
529.83
447.17
473.71
41356
507.89
415.34
1S4.82
36027
324.65

35359
631.54
533.14
456.37
485.62
418.37
513.77
423.94
199.73
370.69
330.60

344.41
630.48
507.52
44421
471.31
409.07
503.48
41621
190.44
365.57
324.65

346.80
626.04
515.41
43970
466.62
40621
504.41
417.72
19252
36874
32752

348.16
619.96
51820
44351
46950
409.86
503.65
419.17
194.17
367.75
328.17

35020
619.87
528.82
445.51
472.99
41030
50650
421.45
19753
36832
329.14

352.60
'624.63
53327
449.35
476.19
'41432
'508.36
42329
'199.34
"367.78
'32978

'357.76
'640.72
'536.77
'45757
'488.04
"420.33
'51455
'429.70
'20352
'376.84
'33423

"355.35
"62031
"53924
"45257
"48026
"41855
"510.29
"424.82
"203.93
"368.82
"33039

105.4

106.9

107.6

109.1

1102

1053
1043
105.1

!!!!!!!!**!!!!!!

1075
1055
1065

108.3
106.5
108.0

1093
108.0
109.4

1103
1092
110.4

106.4
107.0 !!!!!!!!!!!.!!!!
109.0
107.8

1072
„,.„.„„.„„
1073
1102
108.7 .................

1085
109.4
111.5
1103

„.....„..

[Dollars}
Avg. weekly earnings per worker, private nonfarm: 0
Current dollars, seasonally adjusted
.............
1982 dollars, seasonally adjusted %
Current dollars, not seasonally adjusted:
Private nontarm, total
Mining . . . „ ,
„.
...„.
„ „...
t / O f i S u U C - u O f l • * • » • • • •*•**»•«*+*+*>*•»•*»»*+**.*++**«••••••«*•+*••«******• *k»»*•**•«•

Manufacturing
Durable goods

..........

„»—....

,
.....

Transportation and public utilities ..........
........
Wholesale trade
„.„
Retail trade v
!..!!
!!.
Finance, insurance, and real estate .........—.....
Services ..
.
...„..„_
EMPLOYMENT COST INDEX @
[June 1989*100}

Total compensation:
Civilian workers t
..... .—~
Workers, by occupational group:
White-collar workers „..„
.
.......
Blue-collar workers
Service workers „..„.
„._. „„„...„..„.„..
„..
Workers, by industry division:
Manufacturing
„.....„* „„„...„,.,.
Nonrnanufactunng ......*.*.*...„..„„..,....*.*..**..*«.+*....».....+....*..
Services
„
„
........... .
Public administration
.„„. Z „
™
Wages and salaries: *
Civilian workers t _
Workers, by occupational group:
White-collar workers
u
Blue-collar workers
Service workers ....
^.
.
„.....„..,..„.
Workers, by industry division:
Manufacturing
„,....
„
^mj
NonmanufacturinQ «......,..........»...............+......».....,..*....
...............
Services
.Public administration
„
„

• 105.3
„
'105.5 ,
106.6
1055 „.„..„..,.... ................

mtmmwmtw

w....,.........

II!!.!!.!!!!! !!!.!!!!!!!!!!
!!!."!!!!!!!!!!! !1""I!!!I!

1100
110.3
1120
1105

1047

106.0

1065

108.0

1063
104.7
105.6

107.4
105.4
106.8

108.7
1065
1073

1095

„„„

104.5
104.8 ....
1055
104.6

"J'|_
........

!!!'"!!.

132

127

............

105.4
1062
108.1
106.5

.!.!.!!!!!!!

1062 .................
1065
1092
107.3

................

107.4
t
108.1
1102
109.1

S Mfootnotesat «nd of Uttet




151

128

132

122

116

107

108

100

97

95

.........

" * " " • "
..........^...,

1085

nmttt

................

108.4
1090
1107
1095

HELP-WANTED ADVERTISING
Seasonally adjusted index, 1967*100

!™.|'"'*

1089

1052
103.9
1042

ZZZL

95

94

97

™

'"

**"***

' " " " " * * " • • •

SURVEY OF CURRENT BUSINESS

August 1991
Unless otherwise stated in footnotes below, data throwjh1988
1961-63

1989

|

S-13

1990

Annual
June

1990

|

July

Aug.

1991

Sept

|

Nov.

Oct

|

Jan.

Dec.

Feb.

|

Mar.

|

m|

Apr.

June

|

July

LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued
WORK STOPPAGES
Work stoppages involving 1,000 or more workers:
Number ofstoppages:
Beginning in month or year, number
,
Workers involved in stoppages:
Beginning in month or year, thousands .
Days idle during month or year, thousands

51
_

44

6

1

5

3

2

3

2

0

2

1

7

7

5

0

452
16396

185
5,926

15
528

6
486

31
684

10
429

3
451

11
484

4
436

0
354

3
240

2
257

298
916

'19
'533

37
462

13
272

17,126
2154
22
14.260
97,937
151.68

20,184
2514
2.4
18,058
115,957
161.64

1,333
2165
2.1
1265
8,125
161.91

1,763
2390
23
1,397
9,023
15931

1.451
2241
21
1,430
9.189
160.46

1221
2.140
1.9
1,178
7,527
162.11

1,755
2230
21
1,402
8,859
153.89

2039
2.452
2.3
1,482
9,416
163.56

2,483
2,976
27
1,737
10,903
16525

3,065
3,940
4.1
2529
15,818
166.83

2065
4,020
35
2382
14,514
16951

1352
3,996
3.7
2,525
15.321
170.45

'1,868
3,805
3.6
2,486
15,142
'170.01

1,641
3212
3.0
2242
13.628
170.47

'1,497
'3,127
23
'1.867
'11.337
'170.49

2062
31185
3.0
2,111
12398
174.48

114.4
22.1
143.5
1,065.6
13221

131.7
24.1
159.0
1,077.5
148.04

9.8
18.8
9.8
64.8
150.77

13.7
21.5
11.4
75.3
15120

103
232
13.3
903
146.32

102
23.3
11.5
792
145.03

19.6
28.4
15.7
107.8
145.79

13.8
32.0
17.8
121.7
14623

115
34.7
183
129.4
146.35

15.3
383
232
155.9
149.14

9.0
36.1
193
130.6
151.87

7.6
321
18.3
1215
150.58

9.7
285
163
1102
'153.41

9.1
24.0
14.7
97.1
'151.70

'10.5
'24.7
'13.1
'855
'153.64

16.0
28.9
163
109.6
153.87

1163
15.1
104.7
644.0
162.57

1323
18.4
131.7
773.3
170.58

95
17.5
10.6
622
171.11

11.1
17.3
10.4
60.3
173.36

124
16.7
10.4
60.1
173.20

10.3
173
95
54.4
175.19

120
11.C
66.6
174.00

10.4
18.4
115
653
175.45

9.4
18.8
11.3
64.1
175.57

112
205
132
743
176.03

8.0
18.3
10.4
595
175.60

83
16.7
93
56.8
174.51

83
16.1
9.7
55.7
'174.40

105
14.7
83
51.1
'174.31

'10.8
'16.4
'8.8
'49.4
'178.06

15.0
19.6
113
65.6
181.07

52,093
558,375
404,716
199,092
205,626
153.657

53,968
555.994
408578
205,203
203,375
147,416

54,771
557311
420,398
221,362
199,036
137,413

56,498
568,723
419,541
216,148
203,393
149.182

52,831
565,941
421,749
222,169
199580
144,192

48,795
561,923
415,705
225,990
189,715
146218

47,086
553204
401,510
214,036
187.474
151,694

541279
393925
206,'507
187,418
147354

539,717
395,980
206278
189,702
143.737

UNEMPLOYMENT INSURANCE t
State programs:
Initial claims, thousands
Average weekly insured unemployment thousands „
Rate of insured unemployment percent®
Total benefits paid, mil. $
.
Weeks of unemployment compensated, thousands
Average weekly benefit, dollars
Federal civilian employees unemployment insurance (UCFE):
Initial claims, thousands
Average weekly insured unemployment thousands
Total benefits paid, ml $
Weeks of unemployment compensated, thousands
Average weekly benefit dollars
Veterans unemployment insurance (UCX)
Initial claims, thousands
„ „
Average weekly insured unemployment thousands
Total benefits paid, ml $
Weeks of unemployment compensated, thousands
Average weekly benefit, dollars

FINANCE
BANKING
(Millions of dollars]

Open market paper outstanding, end of period:
Bankers' acceptances
Commercial and financial company paper, total .
Financial companies ..........
Dealer placed .....
Directly placed'
Nonfinancial companies .
Loans of the Farm Credit System: t
Total, end of period
Long-term real estate loans ...._
Short-term and intermediate-term loans
_...
Loans to cooperatives .
Federal Reserve banks, condition, end of period:
Assets, total # .
Reserve bank credit outstanding, total # . —
Loans
U.S. Government securities .
Gold certificate account .„
Liabilities,total* ....
Deposits, total
Member-bank reserve balances
Federal Reserve notes in circulation
All member banks of Federal Reserve System, averages of daily
figures: v
Reserves held, total
Required
„...„......„..
Excess.......
Borrowings from Federal Reserve banks .
Free reserves
„ ..«.»..........~
„.„„.....
Large commercial banks reporting to Federal Reserve System,
last Wed. of mo.:
Deposits:
Demand,tota!#
Individuals, partnerships, and corporations .
States and political subdivisions .
U.S. Government ............
Depository institutions in U.S
Transaction balances other than demand deposits .
Nontransaction balances, total.
Individuals, partnerships, and corporations ,„„...«„«.
Loans and leases(adjusted)(total §
Commercial and industrial •..For purchasing and carrying securities
To nonbank depository and other financial.
Real estate loans .
To States and political subdivisions .
Other loans
Investments, total....
U.S. Treasury and government agency securities, total.,
Investment account...„
Other securities
See footnotes at end of tables.




62,972
521,859
398,456
188,580
209,876
123,403

54,771
557,811
420,398
221,362
119,036
137,413

53,750
542,543
397,649
194,335
203,314
144,894

50,707
30245
10,020
10,442

51,172
29,416
10,673
11,083

51208

304,465

327,573
262,002
190
252,103
11,058
327,573
48228
38.658

306,354
239,064
586
231,383
11,065

236,991
481
228,367
11,059
304,465

46,430
38,327
241,739
*62,810
*61,888
*922
922
*265
^677

248,307
197212
7248
1,865
24251
79238
704,060
666,397

994,060
318,691
16261
22,334
352.500
24,940

259,334
223,349
156556
140,002
66,793

52006
543,609

198.070
201,410
144,129

52,324
547,364
402570
198,900
203,670
144,794

561,773
410,134
206,734
203,400
151,639

311,031
243,082
505
234,373
11,063
311,031

315^81
245,851
591
237,763
11,060
315,881

42206
33,834
252,738

44226
34,546
255,860

60,728
59^60

61,452
60,544

61,052

868
927
68

909

308,798

310,386

240561
942

244,450
465

232,313
11,064
308,798
41,546
34,651
249,319

236,434
11,065
310,386
40,600
35,592
253,544

60,943
60,081
862
757
385

50,849
29,072
10,474
11304

51,172
29,416
10,673
11,083

51,110
29.440
10,977
10,693

10542
11,071

318,871
252279
131
244,985
11,059
318,871
43,331
37,359
260243

327573

326206

262,002

258,471
180
249,194
11,058

62,045
61,099

59,150
57,456
1,665
326

190
252103
11,058
327573
48228
38,658

325,016
260,090
506

315305
250,069
244

318,978
251348
291
244,493
11,058
318,978
36,330
22081

317379 318,604
254,985 256,613
1,479
206
248.111 ' 248,446
11,062
11,057
317379 '318,604
33263 * 34,460
26223 r* 22202
271,019 272.000

251,404
11,058
325.016
46505
22,109
265,915

240,965
11,058
315,305

50,992
48,824
2,168
534
1,661

48,551
46,743

48,586
47,408
1.179
241
991

50,301
49,271
1.030
23

49,063

278,721 221,364 215,000 213251 225,626 224,787 217211 278,721 214,004
218,263 174,225 171254 171.072 180,1 T 179,672 173,925 218.263 172260
9,315
6,067
9,315
5,405
6268
6280
6,427
6,844
6,755
1,440
3,562
4,831
4,831
1,902
2655
1,038
2249
1,491
19,720
28,334
28.334
21,654
18,840
20,011
19,915
20545
18,915
91,138
91,138
79,367 78,354
77,478
79,050
82988
81,627
77.495
797,701 741332 751.981 752,705 755.176 755210 753589 797,701 793,096
762,580 703.325 715,080 715253 719,144 718,955 717,968 762580 757267
1,072019 1,011,832 1,012,981 1,017.024 1,019,094 1,020,546 1,017,693 1,072019 1,052816
321,314 321,906 319,630 317,459 318,909 319,458 317,473 321.314 316,930
14,876
14540
14262
13,129
13,469
13,129
14,020
15,755
14,407
22951
24,462
22647
23,975
24.462
23,697
24,090
23.358
23308
398,753 373,682 377,184 379229 381,394 382568 383342 398,753 400,607
22,774
21,054
21,093
21,978
21,054
23233
21,977
22454
21,415
293,307 253,559 255,566 260262 258298 258,046 257,635 293,307 278,070
238,932 238,860 240,171 245,197 245,127 245,162 240,951 238,932 243,445
177,816 176,366 178,464 18287/ 183.404 184,057 180,785 177,816 182652
167,790 160,890 159,761 165,720 165.754 167,856 166.506 167,790 170,890
61,707
61,723
62494
61.116
62,323
60,793
61,116
60,166
61,105

216,608
173,67-

218,17173,616
6342

214,429
170.19'
7,119

225,187
178,770

267,657

59,150
57,456
1,665
326

1,362

306,354
42,429
36,336
247,983

61,197
60,422
774
881
239

624

291

60,206
847

410
455

947
230

741

267,657

1,362

326206

48,165
19,902
263,751

2,971

6,787

35,405
24,067
267,391

267,445

48,033
1,029
303
81

6,4V
1,40'
22864

1.627
3,362
1,662
17,995
18319
18,984
86,718
84,413
88,31'
86,601
798,3V 797,660 791,54- 79271"
760.759 760,265 754312 754.706
1,048,748 1,048,489 1,047,474 1,041535
320,763 319,60' 316,851 312354
13,767
12,979
15.143
12,952
21.928
22205
22,632
22519
400312 401312 403,664 404,774
20,402
19,911
20,534
20,802
268,709 270,828 271,650 268,525
247,513 249,302 250,366 250.457
186,969 189,308 191,684 192765
172,729 176,704 177,868 179583
60.544
57,692
58,682

'50,407
'49,399

'1,008
340
'676

219.504
175,648
7,132
1.602
19573
87272
788263
751,858
1,039,347
308,751
1331
22.655
404,012
19,199
270313
253286
195,194
180.073
58,092

320,401
258,636
574

250,978
11,062
320,401
34223
27371
272962
50,663

49,754
908
607
347

211579
171,652
6,626

1,727
18,020
88,425
732527
757,146
1,020,070
302509

11,463
21,670
399,870
18,719
265,839
253,879
197,169
182252
56,710

SURVEY OF CURRENT BUSINESS

S-14
Annual

Unless otherwise stated in footnotes below, data through
1988 and methodological notes are as shown in Business

1989

Statistics, 1961-68

August 1991
1991

1990
1990

June

|

July

Aug.

|

Sept.

Oct

|

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

|

June

|

July

FINANCE-Continued
BANKING-Continued
(Billions of dollars]

Commercial bank credit, seas, adj §
Total loans and securities 0 ....

258Z
394.
180.
2,007.

Total loans and leases 0 ....

2,723.6
454.2
175.6
2,093.8

2,670.
438.4
177.5
2,054.2

2,683.0
442.8
177.3
2,062.9

2,704.9
445.7
178.8
2,080.4

2,708.0
450.1
178.8
2,079.0

2,713.6
453.1
177.8
2,082.7

2,716.6
454.0
175.9
2,086.7

2,723.6
4542
175,6
2,093.8

2,7212
454.1
177.7
2,089.4

2,735.1
458.0
177.6
2,0995

2,750.9
471.4
177.6
2,102.0

2751.6
4792
175.7
2,096.7

2,750.0
484.9
"173.9
2,091.1

2,758.1
492.9
173.1
2,092.1

2,7587
502.9
1722
2,083.6

10.8

U.S. Government securities
Other securities
,

[Percent]
Money and interest rates:
10.01

10.00

10.00

10.00

10.00

10.00

10.00

10.00

9.52

9.05

9.00

9.00

8.50

850

850

6.93

6.98

7.00

7,00

7.00

7.00

7.00

7.00

6.79

6.50

6.00

6.00

5.98

5.50

5.50

5.50

'9.77
3
9.8

*9.68
*9.73

9.80
9.85

9.75
9.85

9.75
9.70

9.60
9.70

9.68
9.67

9.61
9.69

9.45
9.58

9.36
9.54

928
9.49

9.16
9.26

924
924

926
923

9.18
9.12

9.12
9.12

8.87
8.80
8.16

7.93
7.95
753

8.00
8.06
7.79

7.86
7.90
7.66

7.75
7.77
7.46

7.83
7.83
7.50

7.85
7.81
7.50

7.82
7.74
7.42

7.60
7.49
6.95

6.96
7.02
659

6.36
6.41
6.14

624
6.36
620

5.92
6.07
5.91

5.75
5.94
5.72

5.94
6.16
5.75

5.89
6.14
5.81

8.120

7510

7740

7.660

7.440

7.380

7.190

7.070

6.810

6.300

5.950

5.910

5.670

5510

5.600

5.580

730,901

748,300

727,956

730,660

736,480

738,946

736,091

738,626

748,300

736,399

729264

725,462

727,907 '727,717

727,890

342,770
140,832
93,114
44,154
57,253
3,935
48,843

347,466
137,450
92,911
43,552
45,616
4,822
76,483

334,138
138,642
91,800
39,767
54,517
4,192
64,900

336,658
138,796
92.260
39,165
53,541
4,396
65.844

340,525
139,496
93,071
39,557
51,822
4,722
67287

342,698
140.890
92,996
38,963
50,683
4,723
67,993

341,755
141,329
93,190
38282
48,055
4,749
68,731

342,882
139,195
92,918
39,095
47,121
4,753
72,662

347,466
137,450
92,911
43,552
45,616
4,822
76,483

341,426
134,965
91,991
40,945
44,939
4,766
77,367

339282
133,021
91,131
38,854
43,875
4,404
78,687

335754
131,552
90,772
38,497
42,491
4296
82.100

336,425 '334,746
133,462 134,045
91,413 •-91,549
37,817
36782
41,707 "40,764
4,507
4,357
82,726 '85,324

333,367
133,903 ................
91,600 ,., >M>%>
36,702 ...............
40,109 ................
4,591 mtttm
87,618

290,705
210,310
22,240
207,646

Prime rate charged by banks on short-term business loans

284,813
232,370
20,666
210.451

289,259
210,050
21,724
206,923

288,741
213,140
21,245
207,534

289,371
216,633
21,185
209291

289,169
218,279
21,195
210,303

287,304
218,337
20,773
209,677

285,379
222,643
20,472
210,132

284,813
232,370
20,666
210,451

282,214
223,606
20,614
209,965

279,913
220,714
20,362
208275

277,798
221.400
20,030
206234

277,508 '275,582
222,627 '224,301
20,052 '19,721
207,720 '208,113

274,662
225,585
19,907
207,736

Discount rate (New York Federal Reserve Bank) @
Federal intermediate credit bank loans

„

Home mortgage rates (conventional 1st mortgages):
New home purchase (U.S. avg.)
Existing home purchase (U.S. avg.)
Open market rates. New York City:
Bankers' acceptances, 3-month .,
Commercial paper, 6-month %
„,....
Finance co. paper placed directly, 6-mo

...
*
'

Yield on U.S. Gov. securities (taxable):
3-month bills (rate on new issue) ..-

....

CONSUMER INSTALLMENT CREDIT t
(Millions of dollars]

Not seasonally adjusted:
Total outstanding (end of period) #
Bv maior holder
Commercial banks
Finance companies
.,
Credit unions
Retailers
Savings institutions
Gasoline companies *

„
....
..

„„...«
.....

...*....,.....••»*....
............
.«
...„.„„...

Pools of securifeed assets t t ...»

".

i

By major credit type
Automobile'
Revolving *
Mobile home*
Other * . . .

wii

j

~mn
mmtt
...............

Seasonally adjusted:
730.355

Automobile
Revolving ..
Mobile home Other * ...

„,.„

„.,„
-

Total net change (during penod) #
Bv maior credit tvw
Automobile
Revolving
Mobile home
Other •....
„ _

732,750

733,844

735,547

735,433

736,411

735,102

732,962

732,762

732,442

733,621 '732289

730,460

288,797
212,043
21,761
207,754

Total outstanding (end of penod) #
Bv maior credit tvoe

288,136
215,119
21,211
208,284

286,818
217,024
21,191
208,811

285,627
219.090
21,073
209,758

285,024
220,031
20,680
209,698

284,412
221,690
20,492
209,817

284,585
220,110
20,919
209,487

283,746
219.588
20,459
209,170

282,626
221556
20200
208,379

280,689
224,817
20,123
206,313

279,746 '276,494
225,994 '227,301
20,098 '19,796
207,782 '208,697

274,141
227,726
19,939
^-#*
208,654 ....„„ ,„

„.....,...

„„„

827

2.395

1,094

1,703

-114

978

-1.309

-2,140

-200

-320

1,179

'-1,332

-1329

-619
1.425
-312
333

><t#it4

-661
3,076
-550
530

-1,318
1,905
-20
527

-1,191
2,066
-118
947

-603
941
-393
-60

-612
1,659
-188
119

173
-1.580
427
-330

-839
-522
-460
-317

-1,120
1,968
-259
-791

-1,937
3261
-77
-1.566

-943
1.177
969

'-3252
' 1,307
'-302
'915

-2,353
425
143
-43

103,389
105.849
-2,460
9 /en
10,715
8,255

-25

...!...!...„'.!!

ZL~

FEDERAL GOVERNMENT FINANCE
[Millions ofdoBars]
reaerai receipts and outlays.
Receipts (net)
Outlays (net)
Total surplus or deficit (-)

-

Federalfinancingtotal
Borrowing from the public
Other
„

„
„..,„".
„...

„... .

Gross amount of debt outstanding
Held by the public
„
Federal receipts by source and outlays by agency:
Receipts (net),
total
...............
Individual income taxes (net)
Corporation income taxes (net)
Social insurance taxes and contributions (net)
Other...
„

'990,701
'1,142,691
'-151.989

'1,031,308
'1,251,766
'-220,458

110,601
121,706
-11,105

72,329
98253
-25,924

78.462
131,181
-52,719

102,939
82,012
20,778

76,986
108270
-31285

70,507
118,142
-47,635

101,900
82,160
-7,311

100,713
99,023
1,690

67,657
93,834
-26,177

64,805
105,876
-41,071

140,380
110,249
30,131

63560
116,906
-53,346

'151 989
' 140369
'11,620

•'220458
'2981824
'10,796

11105
23519
12,386

25924
24233
-1,701

52,719
47329
-5,425

-20778
-2595
20,848

31285
32265
803

47635
46i776
-1274

7 311
19J00
12,389

—1 690
31J64
33,524

26177
34511
8,531

41 071
-&913
-50,758

—30 131
-9J399
20.732

53346
41,742
-11,604

'2,881,112
'2,204,270

78593
119,384
—40.791
40,791
34,434
-6,357

'3,266,073 3,175,461 3,200,338 3243,261 3266,073 3,307,748 3.363,205 3,397,325 3.443,129 3,438,624 3.491,694 3,470,530 3,522261 3,562,942 3,597294
'2,470,166 2,400,365 2,424,598 2,471,927 2,470,166 2,502,431 2,549207 2,568,907 2,600,015 2,634,626 2,624,714 2,615217 2,656,959 2,667,674 2,702,107

-„.

' 990,701
'445,690
'103,291
'359,416
'82,392

'1,031.308
'474,235
'96,945
'388,944
'96,369

110,601
49,639
18,569
34,326
8,081

72,329
33290
2,057
29,610
7,399

78,462
36,434
1,608
32,047
8,397

102,939
46,664
17,344
31,010
7,856

76,986
40,691
1,614
26,598
9.807

70,507
27,156
1294
33,723
10,646

101,900
46,471
22523
25,480
7,792

100,713
50,882
3,829
39,604
7,487

67,657
27,929
2,495
29,872
7,361

64,805
11288
12307
33,045
7,665

Outlays (net), total
„
Agriculture Department
............
Defense Department, military
!!
Health and Human Services Department
Treasury Department
„
„
National Aeronautics and Space Administration
Veterans Affairs Department
„

'1,142,691
'48,414
'294,876
'399,774
'230,573
'11,036
1
30,041

'1.251,766
'50,117
'296,559
'449,829
'261,117
'13,164
'30,575

121,706
3,015
27,015
42,467
40,176
1,103
3.737

98,253
3,349
22,004
36,992
17,012
1.101
1,265

131,181
2,346
27,805
59,467
18,529
1,140
3,619

82,012
3,320
20,522
14,730
16,281
943
1202

108270
4,818
24,094
36,734
15,561
1,351
2,886

118.142
6,474
29,021
39,360
19,345
1,155
4,018

82,160
5,353
25,168
38,133
46,544
1,396
2,428

99,023
4,553
20,868
33,931
17,165

851
948

93,834
3,145
24,940
39,162
18,754
1,063
2,576

105,876
5,051
14,852
39,555
19,860
1,139
2,716

11,059
38128

11.061
384.08

11.065
352.33

11.064
362.53

11,065
395.03

11,063
389.46

11,060
380.74

11,059
381.72

11,058
378.16

11,058
383.64

11,058
363.83

5.499

4319

4.906

4.859

4.382

4.790

4.366

4.169

4.068

4.028

3.723

140,380 '
77,768
13296
42,478
6,838

63,560
20,005
2,032
34546
6,977

103,389
44,517
16,540
34,758
7574

78,593
38,403
1,770
30,360
3,061

110,249
5208
20,841
41,445
17,714
1220
3,184

116,906
5,061
24,091
43,040
22,821
1235
3,668

105,849
3,818
21,090
42,792
47297
1,030
1,164

119,384
4,029
23,066
41397
16,646
1089
2,654

11,058
363.34

11,058
358.39

11,057
.356.82

3.960

3.970

4.040

GOLD AND SILVER;
Gold:
Monetary stock, U.S. (end of period), mil $
Price at New York, doL per troy oz. XX .
Silver
Price at New York, dot per troy oz. Xt
See tocirctes n end of sues.




—

36672 """36751
4.390

4.300

SURVEY OF CURRENT BUSINESS

August 1991
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in Business Statistics,

Annual
1989

|

S-15
1991

1990
1990

Juni

July

Aug.

S«pL

1

Oct.

I

Nov.

DfC

«L

|

I*

|

•».

|

».

Iby

JIM 1 July

FINANCE-Continued
MONETARY STATISTICS
(Billions of dollars}
260.4

287.0

266.9

7B3.4
3,130.3
3.990.8
4.7922

8122
^32
4,091.4
4,929.6

810.8
3284.1
4,080.8
4,914.1

812.9
3298.6
4,091.4
4,918.6

8143
3,3102
4,108.3
4,932.4

818.9
3,3163
4,1072
4,954.0

8173
3321.6
4,106.4
4350.8

826.1
3,327.1
4,115.9
4,964.6

844.3
3,341.6
4,123.8
'4384.3

8332
3,341.3
4,130.7
'4^982

823.4
3,345.0
4,148.4
4,999.4

835.0
3374.1
4,1682
'5,006.1

'8523
3,3962
4,179.9
4,983.1

6413
3,374.0
4,154.0
4,932,6

857.7
•3,3915
•4,1602
4,9682

662.0
3.391.3
4,152.6

217.S
280.4
278.1
79.2
277.1
476.3
405.4
1,109.0
555.3

235.5
277.5
2912
81.1
332.0
501.1
410.9
1,155.7
5339

234.9
2752
292.7
82.4
3222
499.3
414.6
1.154.8
5372

237.3
277.3
289.7
84.0
325.0
4993
416.9
1,160.1
5332

239.4
2763
289.4
82.6
334.6
504.3
414.0
1.1602
530.4

241.0
2782
291.1
813
3392
505.9
411.7
1,159.5
524.3

2423
278.0
288.4
83.5
341.1
5053
4123
1.1612
5183

245,7
2803
291.9
77.6
343.4
5093
410.4
1,1593
515.9

249.6
289.9
297.0
74.0
3453
510.3
407.3
1,1602
507.1

2493
277.7
297.9
712
3542
509.0
408.9
1,164.7
509.6

252.7
268.1
294.9
70.1
3623
5133
'4113
1,1633
5142

2553
270.1
'3015
69.1
370.0
522.1
4203
1,1573
5103

256.0
2773
'311.7
69.1
3685
526.9
4285
'1,150.3
'504.4

257.4
2715
'304.9
672
3605
530.7
4342
'1.140.0
'503.4

259.1
279.6
'310.8
'653
358.0
5383
'441.;
'1,1293
'4985

2603
2803
312.0
623
3543
542.8
4473
1,122.1
4902

M2 '.
M3
L (M3 plus other liquid assets) .

811.5
3290.6
4,085.8
4,922.8

810.7
3295.4
4,0892
4,926.4

616.5
3,309.5
4,103.3
4,934."

8213
33213
4,109.0
4,9553

821.
3.324.3
4,109.3
4,955.0

823.3
33235
4.1083
43595

825.4
3,327.6
4,111,7
'4,965.7

826.7
3,331.0
4,124.6
'4,982.1

836.4
3,3543
4,1603
'5,0083

843.0
3.374.9
4,168.9
'5,008.0

'842.1
'3382.;
'4.1703
'4,9713

'851,6
'3.394.6
'4,172.7
'4,9473

858.4
'3.3983
'4,165.^
4,9773

859.7
3388.0
4.149.7

Components (seasonally adjusted):
Currency
„
Demand deposits
Other checkable deposits tt .
Savings deposits
Small time deposits @ ..
Large time deposits @ .

233.7
276.3
293.7
411.8
1,154.6
538.0

235.7
275.6
291.7
412.7
1,156.8
535.0

238.4
278.0
292.1
412.',
1,158.3
5292

2413
279.1
293.0
412.3
1,160.1
5213

2433
277.1
291.8
4113
1,161.4
515.1

245.0
277.
292.8
411.1
1,1613
5123

246.4
276.9
293.7
4103
1,164.2
507.1

251.6
272.9
293.9
412.0
1,163.9
511.9

255.1
'276.1
2963
415.4
1.162.7
516.0

256,
277.1
301.0
4205
1,158.3
5115

256.6
'2753
'3013
427.;
1,150.
'507.3

2563
'278.;
'308.1
'433.1
'1.1405
'5033

'257.6
'281.0
'312.0
4383
'1,1292
499.0

2589
278.9
3142
442.9
1,118.7
491.7

'11,300
'1,954

'11,907
'1,988

Currency in circulation (end of period).....

271.9

286.7

287.0

Money stock measures and components (averages of dairy
figures): t
Measures (not seasonally adjusted):

M ZZ"ZZ!!!!!I!III!™""ZZZL.
2

Z". '„

M3
L (M3 plus other liquid assets)
- .....7.™.™...
Components (not seasonally adjusted):
Currency
„„._...„..
Demana deposits
„
Other checkable deposits $$
„
Overnight RP's and Eurodollars 0
General purpose and broker/dealer money market funds ..
Money market deposit accounts
..,
Savings deposits
Small time deposits @ .,
Large time deposits @ ..
Measures (seasonally adjusted):

PROFITS AND DIVIDENDS (QTRLY.)
[Millicm of dona*}
Manufacturing corps. (Bureau of the Census):
Net profits after taxes, all manufacturing
„ _
Food and kindred products
«...
Textile mDl products
Paper and allied products ........ ............
Chemicals and allied products . ~
....
Petroleum and coal products ...
Stone, clay, and glass products
_
Primary nonferrous metal
„
Primary iron and steel.........................................
Fabricated metal products
Machinery (except electrical)
Electrical and electronic equipment . „
Transportation equipment (except motor vehicles and
equipment)
,
Motor vehicles and equipment
All other manufacturing industries .
Dividends paid (cash), an manufacturing

136,490
16,545
1,416
7,047
24,523
19,512
1,968
3,785
1.512
5,515
9,666
9,663

112,611
16,061
422
4,844
23,367
17,580
1,106
Z410
577
4,721
11.156
7,186

36,148
5.167
252
1,630
6,327
4,065
1.003
683
473
1.529
2,921
2,050

29255
5.113
133
1246
6280
4,78!
569
656
31:
1,302
2373
2.032

19274
2288
-19
579
5265
4,663
-463
151
-527
51
3282
1.051

4,315
8.349
22,6*

4,921
-582
17,829

1.193
2,111
5,519

1336
-1,94'
4,696

855
-2,107
3,739

65,244

63,815

16,322

14.740

17,612

125,047
29,002

127,971
34,332

14,355
9,035

8242

3,ar

11228
7,478

14,066
1227

82%
1,11

10,332
2,360

14,397
1,977

'7,787
'1,727

'12,112
'2,091

34,320

28,210

31,720

32.130

30,350

29,640

28,650

27^20

2821

27.39C

28,860

7,040
18,505

8,050
19285

6.490
15,625

6.385
17,035

7,140
16,745

72B5
16,185

7245
15,820

7,300
17,025

8.050
19285

7,435
18,625

7,190
19.435

66.1

66.0

662

653

643

833627

10,892.70

94652

977.6C

£75.60

SECURITIES ISSUED
[Unions ol dollars}
Securities and Exchange Commission:
c a g e Comssion:
Estimated gross p o d s total „
proceeds, t t l
By type of security:
Bonds and notes, corporate .
Common stock
Preferred stock..

Public utility
.........
Transportation .„„.„..,
Communication .
Financial and real estate ................
State and municipal issues (Bond Buyer):
Long-term
Short-term „

M524S
'1,646

15,71
931!

SECURITY MARKETS
[UiSions of dollars, unless otherwise kxScated}
Stock Mtrfctt Customer Financing
Margin credit at broker-dealers, end of year or month
Free credit balances at brokers, end of year or month:
Margin-account „
Caslvaccount ..»
Bonds
Pncss:
css:
t
Standard & Poor's Corporation, domestic municipal (15
bonds), dt per $1
d ) dot
$100 bond
Sales:
New York Stock Exchange, exclusive of some stopped sates,
face value, total .»„ »
..—™..«.™™»™».^..»« «..
Seetoottttesat end of tables.




66.;

1,15555

673
959.89

794.07

820.37

68.I

1,074.1

1,689.1

1248:

1,09439

66.9

68.1

1,0023C

85425

889.76

SURVEY OF CURRENT BUSINESS

S-16
Annual

Unless otherwise stated in footnotes below, data through
1988 and methodological notes are a s shown in Business

Statistics, 196148

1989

August 1991
1991

1990
1990

June

|

July

| Aug.

Sept

OL
C

|

Nov.

| Dec

Jan.

Feb.

Mar.

Ape.

My
a

June

|

July

FINANCE-Continued
Bonds—Continued
[Percent]
Yields:
Domestic corporate (Moody s)
By rating
Aaa
Aa

A
Baa

.

By group:
Industrials
Public utilities

~

9.66

". ZZ

-

t

Domestic municipal:
Bond Buyer |20 bonds)
Standard & Poor's Corp. (15 bonds);
U.S. Treasury bonds, taxable t

9.67

9.65

9.84

10.02

10.03

9.85

9.63

9.62

9.36

9.43

933

932

9.45

9.42

9.32

926

924

953

9.30

9.01

9.00

9.47
9.63
1020

9.77
10.09
10.64

9.77
10.06
10.74

9.50
10.09

9.12
9.29
9.94

9.15
9.41
9.86

928

9.88
10.62

8.83
9.16
9.38
10.07

836

9.49
9.70
1022

9.04
9.34
9.61
10.41

836

956
932

9.05
9.39
9.64
10.43

853
921

925
951

10.36

9.41
9.63
9.89
10.41

956

9.46
9.74
10.18

„

„

»..«..

9.77

926

. „

9.66
9.66

9.77
9.76

9.64
9.69

9.64
9.66

9.83
9.84

10.02
10.01

10.11
9.94

9.93
9.76

9.68
9.57

9.68
9.56

9.41
9.31

9.47
9.39

9.35

9.34

930

929

9.46
9.44

959

9.55

956

9.89
9.42
9.40

723
724

727
722

7.15
7.15

7.47
7.31

753

7.43
7.40

7.08
7.10

7.14
7.04

7.00
7.05

7.01

650

7.14
7.07

7.01
7.05

657

7.40

6.95

7.13
7.09

7.00
7.03

8.74

8.62

8.64

857

9.11

853

8.60

831

833

8.12

8.38

829

8.33

854

8.50

966.86
2,508.91
205.72
1,194.30

-

725

8.58

„
.................

96524
2,678.94
211.53
1,04024

1,04532
2,894.82
211.16
1,181.85

1,039.61
2,93423
204.95
1,150.03

934.30
2,68139
210.09
951.11

888.98
2550.69
199.83
88131

668.89
2,460.54
207.18
850.77

881.98
2,518.56
210.26
848.07

91630
2,61052
21055
908.43

922.30
2,587.60
20527
'96142

1,022.63 1,034.12
2,863.04 2,920.11
213.15
213.69
1,11026 1,11324

1,043.14
2,92553
21436
1,139.05

7.31

Stocks
Prices:
Dow Jones averages (65 stocks) „
Industrial (30 stocks)
Public utility (15 stocks)
Transportation (20 stocks)

-

1,049.29 1,062.35 1,060.65
2,928.42 2568.13 2,978.18
199.64
204.62
211.18
1,167.55 1205.08 1204.56

Standard & Poor's Corporation, 1941-43.10 unless
otherwise in&cat&t. §
Combined index (500 Stocks)
Industrial, total (400 Stocks) #
Capital goods ..
Consumer* goods
Utilities (40 Stocks)
Transportation (20 Stocks), 1982.100
Railroads
Financial (40 Stocks), 1970*10 (subcategones tn
1941-43.10) ....
Money center banks
Major regional banks
„ „
_„ „
Property-Casualty Insurance

32284
37028
278.70
398.17
132.16
271.78
19731

334.59
390.88
282.47
43352
140.16
254.32
20235

360.39
421.49
31250
469.50
143.52
284.14
221.46

360.03
425.76
31190
481.61
13736
27657
22050

330.75
390.78
281.47
437.65
132.76
240.08
20455

315.41
372.81
26028
414.03
130.33
224.76
191.84

307.12
361.00
241.70
408.36
137.91
216.47
16959

31529
369.35
249.94
42451
141.58
21837
183.63

328.75
384.75
266.73
450.62
144.46
232.89
19537

325.49
38178
267.72
443.65
138.38
241.37
197.92

36226
42754
309.18
504.43
143.19
270.36
218.40

372.28
441.87
308.68
528.29
14184
26751
21422

379.68
450.17
306.43
54639
143.13
27339
22137

377.99
450.05
30167
543.40
138.66
284.72
23356

37829
450.87
309.36
540.25
135.73
29623
246.13

38023
453.38
30625
54758
137.75
29432
247.47

3024
116.14
122.18
326.34

26.12
8550
95.53
34156

29.84
96.78
110.48
367.50

23.46
90.56
102.52
354.19

24.86
80.78
89.52
325.99

22.57
72.86
7930
304.77

20.07
5825
63.41
28156

2152
65.88
74.90
322.57

23.53
75.38
8351
343.99

23.20
70.42
79.10
341.84

27.75
8199
99.77
391.74

28.S4
81.17
10257
39453

3027
88.43
109.72
41025

29.81
9036
114.71
383.37

30.18
9436
118.00
384.04

29.89
9139
116.79
38758

N.Y. Stock Exchange common stock Indexes, 12^1/65^0Composite
*.
»
Industrial ......
«
Transportation
„ Utility
Finance
„

180.02
21623
17528
87.43
15138

183.46
225.78
158.62
90.60
13326

196.68
242.42
177.37
93.65
14753

196,61
245.86
173.18
89.85
143.11

181.46
226.73
147.41
85.81
128.14

17324
21631
136.95
83.30
11859

168.05
208.58
131.90
8727
108.01

17221
21251
132.96
89.69
113.76

179.57
221.86
141.31
9156
122.18

177.95
220.69
145.89
8859
121.39

197.75
246.74
166.06
92.08
141.03

20356
25536
16626
9229
145.41

207.71
260.14
16639
9192
152.63

20653
260.13
170.76
90.75
15131

20731
261.16
177.04
89.00
15131

20829
26148
177.15
90.05
151.59

NASDAQ over-the-counter price indexes
Composite, 2&7U100
„
Industrial
Insurance...
»
Bank
NASDAQ/NMS composite, 7/1084=100
Industrial
^. „

43730
42838
504.75
457.08
191.02
16751

40921
430.57
471.43
319.03
17936
170.17

462.31
493.50
507.48
346.86
20176
195.16

45532
49324
502.98
330.54
199.93
19521

396.32
42350
46022
293.84
173.54
167.45

368.58
39425
43235
271.42
161.35
155.69

338.01
360.41
391.57
246.09
148.09
14151

347.69
37324
413.86
246.60
152.62
148.50

370.21
400.89
449.44
255.16
163.42
16024

376.68
41183
448.96
254.05
166.62
165.44

44259
491.45
50923
291.19
19623
197.17

469.10
527.06
532.17
30359
207.51
210.74

496.32
558.44
562.43
325.16
21921
22197

490.93
545.97
554.37
32931
216.55
217.43

490.38
54534 Z.Z~..~..
546.64 „„„„„„.,
329.37 I--.........!
216.34 ................
„.
217.40 .....

3.45
3.01

351

3.65
3.16
6.17

335

4.01

351

3.74

251
603
224

3.33

331

3.61
3.17

3.32
2.90

538

325
184
581

325
232
556
137

3.19
2.74

605
254

3.73
9.04

4.82

9.01

4.42
8.94

5.05

856

857

6.14
9.05

351
602
255
627
856

3.45

551
156

336
193
576
121
422

3.37

639
114

1344,848
54239

1,611,667
53,338

148,706
4,380

138313
4,080

177,524
5,449

96201
3271

1576,899
44,140

1,389,064
43,826

128,367
3576

120,494
3,370

152,819
4,402

83,385
2,665

Yields (Standard & Poor's Corp), percent
Composite (500 stocks)
Industrials (400 stocks) Utilities (40 stocks)
Transportation (20 stocks) „
Financial (40 stocks)
Preferred stocks, 10 high^rade -

„

......
„

-

- -

Sales:
Total on all registered exchanges (SEC):
Market value, ml $

Shares sold, millions .„„.„..„......„„.„„.„„„

.„„„.

3.16

163

636
256

559

5.73

554

237
456

8.88

8.72

4.48
8.71

2.46
3.98
8.46

2.51
3.66
8.55

132,968
5,581

116,867
4200

122518
4312

111,171
3,950

165,070
5,550

116,348
4,800

99,541
3,463

107530
3557

95,441
3258

142,066
4,610

3.17

617
128

323 ti__
179
623
124

M

3.72
8.43

3.63

3.68

821

826 """Tis

168,715
5574

159,472
5205

149,994
4,677

138210
4.286

145,301
4,543

137534
4247

128,620
3,852

120260
3548

................

/"Vn hJduj V/spt/ Cfcv^r Cvf.h4rw*n.

u n (Mew TOTK otocK cxcnanoe.
Market value, ml $
Shares sold (cleared or settled), millions .......... . „ .
New York Stock Excnanoe'
Exclusive of odd-lot stock sales (sales effected), mMions
NASDAQ over-the-counter
Market value mil $
..
....
........
Shares sold, millions
...„.„..„,..
Snares listed. NYSE, end of period:
Market value all listed shares, bit $..
Number of shares listed, millions .

-

..-

—

41,699

39,665

3226

3,371

4,015

2,686

3,671

3,148

3,109

3,636

4273

3500

4,011

3,742

3259

3,458

431381
33,530

377,468
27,894

44,887
3,153

46,329
2585

44,058
3,121

26,152
2,096

33380
2,695

28252
2378

30,127
2,495

45,375
2,925

56,767
3,313

55,754
3585

66,434
4,114

55,906
3,378

46576
2.854

„.„,„„..„

3029 65
82,797

181978
90,732

304554
87.750

303418
88,748

275895
88,782

261745
89,488

259125
90,079

2 74759
'90,345

281978
90,732

292778
'90,772

313760
91,096

320991
91351

322947
93,579

3,360.17
94204

321619
94,821

338144
96,174

35,449.7
34,838.7

FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
(MiOons of dollars]
Exports (mdse.), ind. reexports, total @ .
Seasonally adjusted t •

363,8115

393,893.4

34,4565
342205

30,728.6
32,125.4

31,663.8
32548.6

31,486.6
32,0102

35,295.9
35,006.3

33,6892
34,1943

32,9223
33.305.1

33,150.1
34,144.0

316818
33,599.4

36,797.0
34,030.7

36,110.4 '36,135.6
35,6311 '352712

Western Europe
.European Economic Community
Belgium and Luxembourg
France
Federal Republic of Germany .
Uiy „ „
y
Netherlands
United Kingdom .
Eastern Europe
Union of Soviet Socialist Republics .

100,165.1
66,3303
8,522.4
11,579.1
16,8613
7215.0
11,364.1
20.837.0

112,974.6
98,0263
10,448.3
13,6522
18,6933
7587.3
13,0153
23,484.1

9,624.7
8,414.9
832.6
1,156.0
1,401.1
7425
9512
22205

8,4742
7,300.8
900.6
976.0
1,498.3
560.0
790.6
1313.3

83183
72953
816.6
1,098.0
1,3311
519.4
1,0605
1,674.0

9,014.1
7,8010
921.6
1282.1
1,4273
654.1
996.3
1,728.4

9584.9
8,766.1
938.9
1,353.4
2
1,630.8
663.0
1,0895
22235

9,322.0
8,092.7
955.6
1,150.0
1,470.3
668.0
1,2022
1,847.1

10,335.7
8,770.1
9235
1208.4
1317.7
769.7
1,176.7
1,9763

9,4613
6,3195
923.4
1244.3
1,651.0
641.3
1,0875
13513

9,517.7
8,3072
970.1
1,320.7
1,653.0
664.4
1,1695
1,6682

11,837.0
10,1345
1,1102
15675
1,9192
842.0
12119
12263

103823
9,383.3
979.3
1,391.4
2293.4
720.7
1,124.7
1,9145

10,087.8
8,753.7
904.2
1217.3
1,7795
7883
1,355.9
1358.0

9,7862
8,620.7
7514
1,1805
1.7B85
7875
9823
1597.7

5,3065
42835

4262.6
3,087.7

5065
429.6

233.3
171.1

190.0
50.3

1385

1575
84.8

2773
1433

2595
1475

286.4
2165

478.4
3885

608.2
504.6

4333
304.3

2482
1553

2603
1t7.0

See foototes at erti of tables.




785

SURVEY OF CURRENT BUSINESS

August 1991
Unless otherwise stated in footnotes below, data through
1988 and methodological notes are a s shown in Business
Statistics, 1961-33

Annual
1989

S-17

1990
1990

aun. |

July

Aug.

1991
Oct.

|

Nov.

Dec.

Jan.

|

Feb.

|

Mar. |

hUy

Apr.

|

Jun. |

July

FOREIGN TRADE OF THE UNITED STATES-Continued
VALUE OF EXPORTS-Contlnued
(Millions of dollars]
Exports (mdse.), inct. reexports—Continued
western Hemisphere.
Canada 0
Brazil
Mexico ....
Venezuela

.... .. ..„

„

„

Asia:
China
japan ..„.!.

Republic of Korea
Saudi Arabia
Singapore .

Taiwan.

"!.Z..Z...

-

ZZ"

Z IZ!!!Z""ZZ..II"Z""Z!!!Z

Africa:
Nigeria
Republic of South Africa

6.7773

78,808.9
4,803.9
24,982.0
3,0252

83,6655
5,0613
28 375.3
3,1072

7,5185
403.4
£534.6
295.4

6,1545
412.3
23326
246.6

6,683.0
512.9
2,5195
278.4

6.4475
4742
2 370.4
279.6

7,4553
497.6
27795
2875

7.359.4
4613
2,5037
303.0

5,943.0
444.0
2226 8
326.2

348.3
2,4007
2962

6.3695
3883
2 3556
315.0

7,085.4
421.3
2,3463
3585

7,604.0
460.6
27633
399.0

'7.679.1
495.4
2343 8
4017

7.433.0
465.7
2366.4
4245

5,755.4
62463
44,4937
13,478.0
3,573.6
73447
11.3345

43072
63406
485843
14,398.7
4,034.8
8,019.1
11,482.3

4993

6553

3857
503.9

4,1813
1,343.8
270.3
809.6
941.4

1,1045
2907
6313
6867

422.7
519.5
3,9173
1,198.6
356.3
746.1
908.4

3543
5958
35923
1,109.0
2885
7935
874.1

4527
526 7
42502
1,337.1
4395
7043
9712

329.9
5278
4,3505
1270.4
4362
6392
962.4

37£8
542.1
4.370.8
1,181.3
477.1
6713
9332

411.0
7158
3,819.5
1,4617
509.5
794.0
1,0155

486.3
5905
4,263.0
1.231.0
3927
776.7
1,0202

47£9
629.7
42405
1352.0
627.6
847.1
1.037.0

4375
7480
3,9073
1.2442
582.7
656.7
9873

6305
6453
42553
1,3657
507.3
810.7
1,0692

5053
610.4
3,9583
1,1735
4922
914.4
1,1833

532

585

490.3
1,659.4

Australia

-

5515
1,732.4

46.1
143.0

1492

73.2
1362

136.5

55.7
258.8

51.1
134.3

545

1572

35.1
1432

602

1695

1703

161.1

1525

65.7
2703

8,3313

-

85347

677.1

760.5

883.1

625.4

608.4

580.3

955.9

603.5

7065

592.3

599.1

5815

739.1

343

437

552

13,195.9

1,0332

1,127.6

9552

1,310.0

12913

1,326.9

12813

1254.1

1,5942

1,594.1

1372.8

292573

30,153.4

30,0285

33,755.3

32249.6

31,4613

31,5262

31,1383

34,78£4

34,433.1

34398.6

3,1787
29319-4
£5277
5105
22303
869.0
121.0
3,259.6
25655
3.2935
15,7407

2,7145
26,4435
2,432.5
466.0
1,915.6
8312
102.7
30078
£4997
3279.8
13,5052

£8935
27,3422
£497.1
549.7
2,153.6
1,057.3
975
32344
2,619.6
3,187.0
13,592.8

2,734.4
30,153.4
£1905
533,3
1,957.0
1,176.0
1003

3,0317
30.4885
2,456.3
766.4

3,1167
3,456.2
28,215.9 28,496.1
£0633
2,4735
776.7
744.4
£238.8
2.2915
12162
1,393.9
81.7
80.0
32983
33202
2,520.1
2774.0
3,336.0
3,3263
13,8775 14,020.0

3,1647
28,5435
2,1265
765.0
22892
12057
87.5
35502
2,812.7
32675
14,269.0

3,434.9
27,687.3
2538.6
6465
2,358.1
1,304.7
75.6
3591 6
27535
32093
132165

3580.1
31,1645
2,621.6
649.0
£4695
938.4

3,084.5
31271.6
2,303.3
549.9
2,1973
732.4
107.1
3.848.4

3.030.1
31,4023
22855
6192
£237.3
1,0665
77.1
39135

33253
16,419.4

35445
16,0665

2,586.4
31,1593
£104.7
461.1
15803
9243
673
3,439.7
3',0597
3.683.3
U.732.9

26,656.3

2,602.9

1,7225

2571.6

2,6963

2,569.4

494.9032

40,653.0
39,5605

39,5290 ' 40,1212
40.139.1 '40,0615

39531.3
38,860.4

101,763.6
85,1532
4,555.0
13,013.4
24.832.3
11,933.1
4,809.6
18,319.1

108,901.1
91,8675
4,5785
13,124.0
28,1087
12,723.3
4,971.9
202882

8,767.7

8.053.1
6,7515
4095
1,1503
1,917.1
9683
335.1
1,476.0

£0642
7095

-

33,7462

38,783.4
341,914.0
29280.0
7,1185
26,9845
12,1743
1,190.6
389833
31 [670.3
39.285.3
1725213

—

15432

32,424.6

323,610.2

By commodity groups and principal commodities
Agricultural products, total
Nonagricuttura) products, total
Food and live animals # ........................
Beverages and tobacco
Crude materials, inedible, exc. fuels # .
Mineral fuels, lubricants, etc. #
Oils and fats, animal and vegetable .....
Chemicals
Manufactured goods classified chiefly by material
Miscellaneous manufactured articles ....
Machinery and transport equipment, total . „
Machinery, total #
Transport equipment, total
Motor vehicles and pans

1,168.4

375,4542

40,0035
314,551.0
29,7233
5,509,8
26,9467
9,665.3
1,349.7
364851
2724£8
' 32,6375
148,7993

„

13,6787

349,650.5

473,2103

OPEC

Exports of U.S. merchandise, total @ ..........

-

31253
£5793

£1213
12995
855
36157
25213

3,3195
13,7795

3,495.5
15,4103

1,9562

1,9852

2,5233

22103

1,5332

"""jfiej't

1330.0

2,310.5

41238.3
412443

42,178.9
4228£7

41,059.1
412533

48,1005
45,993.9

43.6645
43,106.0

40,167.3
41,474.4

37,0155
39,103.4

38,6702
38,100.4

8,8185
7,339.4
3333
1,0852
2220.3
1,066.3
391.0
1,529.6

9,8042
8297.4
4812
1,216.7
2,4972
1213.7
4902
1,615.9

86923
7.530.9
2855
951.1
£4757
12017
408.1
15113

8,1285
6,7645
3477
996.8
£0613
748.2
375.6
1,711.4

10.617.1
9,002.4
4683
1,461.0
J
2,522.9
1,173.1
4475
£1832

9,7355
8,141.7
389.1
1,1493
2,387.4
1,1445
4335
1.971.4

2,2752
1,065.4

189.1

1633

190.0

186.0

705

533

875

905

257.1
154.6

192.7
1093

39,152.4
39,582.1
87347
7,4835
342.0
1,037.7
£3123
9557
370.2
1,7893
213.8
1205

667

87553.0
8.410.0
27,162.1
6,770.7

91,372.1
7576.4
30,1723
9,446.4

8227.1
6762
2,4655
601.0

7,050.4
747.3
£3375
552.4

7,1582
691.0

7,598.1
579.1
£590.3
917.3

8,8095
7703
3,1203
1269.6

7.948.0
536.0
2.7947
1,193.0

63673
631.6
2243.4
929.8

7227.1

11,988.6
9,7387
93,5855
19,7413
7,1813
8,949.7
24,325.7

152233
9,488.0
89,655.1
18,493.3
9,974.3
9,839.4
22,6663

12915
7863
7251.1
1,583.6
444.1
874.0
1,846.7

15155
9425
7,186.3
1,727.4
550.0
883.4
2,025.0

1566.6
916.4
7.6973
1.717.0
8123
879.7
£119.6

1,425.0
826.7
7,046.7
1514.5
1.1623
874.4

1,9053

1,627.6
1,0073
8.7033
1.7213
1296.6
885.0
2,076.1

1.4073
808.4
8,138.7
1,5073
1,426.9
844.0
1,833.1

5226.4
1529.0

55772
1,7005

4013
1453

3905
107.7

4003
140.1

5187
144.4

6433
156.4

4205
202.4

3,8983

4,4417

3333

375.3

507.7

426.1

398.8

374.

30.601.0

38,017.0

£347.7

£5843

32845

3,792.6

35755

3314.1

49,623.9
423,7723
20.6855
4,364.0
15,370.3
52,6487
7303
20.7523
61591.4
76.6392
205,761.0

61,3563
433,902.6
21,9325
4,633.1
14524.0
64,5615
802,3
22.4682
59,9142
81,477.6
208,0957

3,7573
36,697.4
1,728.7
378.3
1204.7
33757
67.1
1,7863
5,097.7
6.937.1
17303.1

4,038.6
37,317.6
1,696.4
348.4
12592
42867
63.7
1327.4
5,365.5
8.0505
17,047.0

4,8675
36,992.1
1,6335
417.1
12872
5,115.4
92.3
1338.3
5,1693
7,806.4
17,098.

62243
34,750.1
1683.6
3553
1,138.3
6,469.
60.3
1,692.8
4.7833
6382.
16348.

72985
41,1853
1780J
484.3
1282.
7,621.0

6,358
37,5462
1,757.
490.4
1,1973
6,616.

865

3,923.4
2514.0
3,6593
16,176.6

_

VALUE OF IMPORTS
[Millions of dollars]
General imports, total @
Seasonally adjusted t
Western Europe
European Economic Community
Belgium and Luxembourg
France
Federal Republic of Germany
Italy
Netherlands
United Kingdom
Eastern Europe .
Union of Soviet Socialist Republics

~- „

Western Hemisphere

Canada ....T.. .. Brazil

Mexico .„. „
Venezuela .„..
Asia:
China

„

_

„

„

-„ „

Hong Kong „
Japan
Republic of Korea
Saudi Arabia .
Singapore
Taiwan.
«».

„

Africa:
Nigeria
„...
- .
Republic Of South Afnca « Australia. ...

-

„

«

-

-

.

-

-

- „

..

OPEC
By commodity groups and principal commodities
Petroleum and products
—
Nonpetroleum products
..
Food and live animals #
~~ ~
Beverages and tobacco »
» «•.«
Crude materials, inedible, exc fuels #
_
Mineral fuels, lubricants, etc
_ „ „
Oils and fats, animal and vegetable
Chemicals
- ......
Manufactured goods classified chiefly by material Miscellaneous manufactured articles
Machinery and transport equipment
^..-..^..
Machinery, total #
„

Motor vehicles a n d ' p a n T Z Z l Z Z Z Z - Z Z
See footnotes ai end of tables.




_

25575
7443

84.
2,063.
5,467.
8,3045
19.964.

52752

8,775.4
7.371.4
3973
1,161.9

---it

.„.„„„„...
„„,„,„„„,
,„„,„„,.„,
,„,
,„,
.„.„,„.
„

£3042
9345
3813
1,567.4

962.4
407.1
1,701.1

662

207.7
1183

1372
56.6

1655
8£3

6732
2,4793
906.3

6,8755
5533
2236.6
5635

7,498.0
438.6
£41£
633.

7,8923
696.7
26824
5982

8,036.5
5403
2.6393
690.3

7393.
510. ....„..„..„.
£5695 ............
5923

1,1273
678.3
73095
1345.9
1,152.6
8383
1,712.4

1,325.1
8065
7281.4
1,501.3
120£7
795.3
13773

1259.7
616.7
7,4222
1,177.9
8705
690.
1,695.

974.3
541.
7,8155
12332
850.
7975
1525.

1,1065
596.7
72552
1,3137
8323
7823
1.708.7

1,3743
6802
6,6877
1,424.4
1,082.
736.
1.820.

1528.
736. ..,..„....„„.
7,190.
„,
1,370.
8332 nmn
8955 „...„.„„...
1,8765

405.0
140.4
346.7
3,187.3

468.5
170.1

42£
144.

507.
149.

4602
161.

4825
174.

476.
1495

395J

289.

288.

336J

343.

397.

32973

£560.

2563.

£5733

£945.

2572.

7,7542
2982
1,038.
4,072.

1385*
336.
1,040.
4,057.2

1,9982
3863
1,157.
4,340.

1352.
4162
1,132.
4,926

1,66£

70.

75.
£011.
4579
5.756
17,484

1553

5209.7
34,0815
1,7913 " T8833
385.4
383.1
1.113.
1,034.3
5,696.
55133
63,
63.1
57.
1,9623
1,7782
1,951.
5,054.
4.970.
4,4323
6.345.
6.8822
5,7432
17,117.4 16256.
18,398.
6,3681

8,154.5 . 8,6572
7,316.4
63915
364.1
323.8
1,116.7
1,027.0
£2153
2,3695
974.4
973.1
3862
3343
1,4272
1523.6

7387.0
3655
1,0645
£183.1

_
6,0685 ""52343 ""5.3677

8,360.0
6,9792
3495
1,066.3
2.073.4
9617
318.4
1559.0

tMtm

~55603

141.3

1,919..
4557.
5,978.
16.140.

- . _
5.162

5,628

219

63.

74.

69

2,004.
4,876
6,198
16,741

1,952
4552
6.598
17,157

"Ssio

..

Z.II

368
1,120
4,337

£064.
4,930
5,902
17,503

' - _

„«.„

957

._„„_MM
_w

,

.....„.._....
—

"

"

"

"

•

•

-

SURVEY OF CURRENT BUSINESS

S-18
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in' Business Statistics,
1961-88

1989

|

August 1991
1991

1990

Annual
1990

June

July

Aug.

|

Sept.

|

OcL

Nov.

|

Dec

Jan.

I

Feb.

|

Mar. |

May 1 June 1 July

Apr. |

FOREIGN TRADE OF THE UNITED STATES-Continued
Indexes
[1977.100]
Exports of U.S. merchandise:
Unit value @
......
Quantity
General imports:
Unit value @
Quantity .

.

fi
W

II II

II

„.,

v u Lzz:;
ae
l

„„

.............

....

«...

-

zz™.. Z Z Z L T Z Z I

Shipping Weight and Value
Waterborne trade:
Exports find, reexports);
Shipping weight, thous. metric tons...
Value, ml$

«

381,099
143,184

General imports:
Shipping weight, thous metric tons
Value, ml f

„

372,052
150,737

32,548
12317

28367
11553

32,089
12,194

28,808
11312

30,134
13,383

32,540
13275

29,766
13,119

29565
13,124

493,864
270,633

™

495239
283,392

43,044
22,719

45,042
23,532

41,398
24,705

40,086
23255

43,776
28,009

37,951
24,901

33830
22318

36,184
23,751

36.18
595
4,710

33.50
56.9
4,242

....

— -

TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Certificated route carriers:

Maif revenues, ml $ „ . " "

ZZZ—ZZZZ

Operating expenses (quarterty), ml $ $
Net income after taxes (quarterty), ml fi

rt

Domestic operations:
Passenger-miles (revenue), billions ....,
.....„.„.,.....„..,.....
Cargo torwniles, millions .,«..„.„„„.... ...... ....... „.„„.„
Mail torwniles, millions ..Z
Z
Operating revenues (quarterty), ml. $ §
Operating expenses (quarterly), ml $ $
„
.
Net income after taxes (quarterty), ml. f 5
International operations:
Passenger-miles (revenue), tSSons .~...»». u ..»« n . m ... n ..»
Cargo torwniles, millions ........
„..„....
...........
Mail ton-miles, millions
„ „ _ „...„
Operating revenues (quarterly), ml $ S
....
Operating expenses (quarterly), ml f § .......~
Net income after taxes (quarterly), ml $ $

»«.._.
..._.

47.09
71.2
5,782

3631
60.1
4,749
20,128
15,635

37.80
60.2
4,943

34.79
583
4,608

2852
562
3,700

432.71
632
55,458

457.92
62.4
58,395

41.74
67.1
5,036

69225
53,796
6393
955
67,413
39

75367
58,426
5,435
970
77,881
-3,994

19,177
14,973
1,300
231
18,407
503

329.98
4,916
1,415

34022
5,076
1,490

30.35
258
113

54,314
52,460
304

57,991
59,004
-3,440

14370
14,080
451

102J4
5359
464

117.70
5,524
514

1140
455
38

14,911
14354
-265

17376
18378
-554

4,307
4327
52

8,195

8,962

730

100
'19,750

100
21310

100
5366

100
5,621

100
5,762

100
5,030

'355

442

123

145

86

8

'175

172

46

43

44

1685

1743

1733

'27,956
'27,059
91

'28516
'27,616
'94

7,133
6,912
24

'25,038
1396
'2,010

'24,736
'2,676
'1,953

6,142
700
562

1,013.8
106.4

1,034.9
1075

256.7
107.1

3520
635
4,451

37.47
63.4
4,729

27.37
387
110

27.80
419
115

733
397
37

9.67
410

42

44.37
673
5,478

19320
-212
33.81
455
121

31.78
416
108

13.28
456
40

1259
480

37

17518
12373
1577
229
18.903
-1,339

19,116
14^93
1505
282
21,488
-3,647

-

26.24
436
114
14303
14,770
-561

28.25
468
128

1057
476
41
5326
5,050
349

9.55
523
45

732

817

26.64
440
128

27.10
403
178

2551
369
129

2355
349
95

9.08
445
67

27.16
399
112
13,506
14554
-747

14,456
16,032
-3,015

8.15
508
53

3458
595
4,402

8.28
358
37

557
372
32

7.13
423
39

4659
5,456
-$32

4,012
4,649
-592

Motor Carriers
Carriers of property, targe, class 1, qtrty.:
Number of reporting carriers, number „
Operating revenues, total, ml $
„
„
Net income, after extraordinaty and prior period charges and
credits mil $
Tonnage hauled (revenue), common and contract carrier
service, mil tons ..
..«.
Freight carried-volume indexes, class 1 and II intercity truck
tonnage (ATA):
Common carriers of general freight, seas, adj., 1967.100%% .

704

746

183.4

179.0

1745

182.6

755

177.3

712

1632

737

1803

699

760

174.1

1665

II !

Urban Transit hdustry
Passengers carried, total, millions t t

Z

-

39

1 !

PassengeMHiles (revenue), billions ...
..„...„.
.
Passenger-load factor, percent .......................
............
Ton-miles (revenue), total, millions
.'
Operating revenues (quarterty), ml j § „._.- ...........
Passenger revenues, ml $
....
....
„
Cargo revenues, mH $
„.

=

M80.1

r

1763

171.7

_

Class 1 Railroads J
Financial operations, quarterty ( M R ) , excluding Amtralc
Operating revenues, total, mH.$k
Freight, ml $
Passenger, excl. Amtrak. ml $
Operating expenses ml $
Net railway operating income mS $
Traffic:
Revenue ton-miles, qtriy. (AAR), bSGons
Producer Price Index, line haul operations, 1204*100

7,110
6,891
24
6.089
710
595
1073

urn

6,778
6554
23

6,242
491
529

6,188
380
430

7,098

2583
1073

1085

258.8
108.5

——~—~—

***

............

................

2545

1*08.6

108.9

M095

109.6

• * "

109.4

240.7
109.5

1093

Trawl
Restaurant sales index, sarrw month 1967.100
Hotels: Average room sate, doBarsO
Rooms occupied % of total ...«« « « .............
Motor hotels: Average room sale, doSarsO
Rooms occupied % of total
Economy hotels: Average room sale, doBaisQ
Rooms occupied, % of tool
.«...«..«._
Foreign travel:
U.S. citizens: Arrivals (quarterty), thousands
........
Departures (quarterty) thousands
Aliens: Arrivals (quarterlylVtfwosaxfc
Departures (quarterly), thousands
Passports issued, thousands.......
«...
.. ............
•tetional paries, recreation visits, thousands & .......
S M botrctes at end cf tattes.




245
87.77
68
46.97

87.72
68
48.96

4233
76

40.71
77

74

66
3857
66

224
87.02
71
4832
75
39.92
79

259

276
92.00
71
4933

'18,120
'17,603
'15.099
'13,550
3,691

'19505
'19,022
'16,908
'15,024
3.689

4^94
5,237
4,156
3,564
385

56,422

56,948

7,769

74

»™.

"
10538

284
10,134

" * * * • " •

ZZL"

zzz:
6,022
5,562
5,300
4,705
213
6,705

228
4.453

196
2,413

4,128
4335
4,091
3,726
174
1,390

* 1,452
2
1,157
2
1,180
237
"1,457

*978
J
959
a
876
'790
198
1,768

21 328
2

1530
'966
268
'2,177

• " " " "
................

335
'3562

'5,179

315
'7,709

10355

SURVEY OF CURRENT BUSINESS

August 1991
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in Business Statistics,
1961-88

Annual
1989

|

S-19
1991

1990

1990

June |

July . |

Aug. | Sept. |

Oct |

Jan.

Nov. | Dec

TRANSPORTATION AND COMMUNICATION-Continued
COMMUNICATION
Telephone carriers:
Operating revenues, mil. $ # ....
Station revenues, mil. $
Tolls, message, mil $
Operating expenses (excluding taxes), mil. $
Net operating income {after taxes), mil. $
Access lines, millions

CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
[Thousands of shorttons,unless otherwise indicated}
Production:
Aluminum sulfate, commercial (17% A I A )
Chlorine gas {100% CM
Hydrochloric acid (100% HCI) .
Phosphorus, elemental ....,.,..„„„..
Sodium hydroxide {100% NaOH) .
Sodium silicate, anhydrous
Sodium sulfate (100% NajSCv)
Sodium tripolyphospnate (100% N a ^ O * )
Titanium dioxide (composite and pure)

112
922
169
29
992
75
57
47
86

107
926
195
31
987
79
63
44
81

1,244
11,413
3.177
353
10,492
873
755
580
1,110

1208
10,943
2,341
356
11,688
879
733
532
1,079

102
904
194

10,398
1,302

10255
1,422

827
1,152

911
1.177

912
1,191

1,287

1,381

1.371

1,422

Inorganic Fertilizer Materials
[Thousands of short tons, unless otherwise indicated}
Production.*
Ammonia, synthetic anhydrous t •
Ammonium nitrate, original solution t ••
Ammonium sulfate J
Nitric acid (100% HNO,) t
Nitrogen solutions (100% N) t
Phosphoric acid (100% PiOj) $ ....
Sulfuric acid (100% H2SO4) * -...

16,362
7,871
2,347
8,349
2,913
11,737
43,301

16,958
7,107
^495
7,749
2,853
iai75
44281

1.341
568
190
625
236
956

1,399
492
208
555
205
1,048

1,427
602
193

633
235

1,471
610
214

656
238

639
265

1,037

1.037

3,797

1,334
520
205
615
223
1.029
3,750

1,418

3,534

1,395
495
214
561
206
1,033
3.776

3,655

3,609

1,063
3,784

Superphosphate and other phosphate fertilizers (gross weight):
Production
„„.
_,„
.
„ ..,
Stocks, end of period
Potash, sales (KjO)

18.128
942
5,745

18,887
738
5,700

1,439
642
327

1,576
603
275

1,576
564
663

1.576
604
308

1,667
663
418

1,631
784
441

1.700
738
549

Imports:
Ammonium nitrate, thous. metric tons
Ammonium sulfate, thous. metric tons
Potassium chloride, thous. metric tons .
Sodium nitrate, thous, metric tons

3
<5,498
"150

5.445
207,806
744,068
451.802

5,335
187,929
791,020
470.582

16,550
63,119
38,541

437
16,947
65,385
33390

494
16,646
66,776
41,054

444
14,956
65,145
40,109

485
14,157
67,891
41,492

441
14,972
68.293
38,878

449
15266
67,883
38243

'102

'12.8
' 124.3
'2,9085

16.6

25
33.3
730.9
21

25.7

3.3
33.0
7385
21.6

106
955
178
28
1.015

100
919
164
29
992
77
56
53
75

96
903
191
31
971
78
63
46
79

958
196
28
,.027
74
43

a

Sulfur, native (Frasch) and recovered:
Stocks (producers') end of period, thous. metric tons

566
191

861
1,489

1521

*272
806
1,581

'4292

327

735

industrial Gases

* * 1.352
**36,252
*198,552
"118260

Organic Chemicals §
[Thousands of metric tons, unless otherwise indicated}
Production:
Acetylsafteylic acid (aspirin)
Ethyl acetate
,
Formaldehyde (37% HCHO) .___
Glycerin, refined, all grades, ml ft.
Methanol, synthetic .
Phthalic anhydride .

'132-3
'2,6732
293.3
'3,7045
'416.1

2865
'3,6222
'426.7

3.1
282
748.7
25.3
992.7
118.4

23.6

952.8
1075

ALCOHOL
Ethyl alcohol and spirits:
Production, mi tax gal.
Stocks, end of period, mil tax gal.

960.1
54.3

78.6
42.5

94.1
50.1

94.3
41.3

100.4
37.3

Denatured alcohol:
Production, ml wine gsL —~».—~
—
Consumption (withdrawals), mlwinegaL*
For fuel use, mil. wins gal.
Stocks, end of period, mil. wine gaL .

514.3
5022
200.5
24.5

48.;
55.4
24.5
9.7

46.8
48.6
21.4
9.6

55.5
52.9
22."
11.9

50.1
5Z3
23.1
115

Seetootoote*at end of tables.




253

923.7
96.3

813
1,425

* 1.768
*558
* 1.922
fl
805
'3.041
M0.776

[Millions 0! ctbic feet]

and low purity)..
and low purity)....
h and-tow purity)..

1,474

31,
6442
83.3
8395

96r

227

SURVEY OF CURRENT BUSINESS

S-20
Unless otherwise stated in footnotes below, data through
1338 and methodological notes are as shown in Business
Statistics, 1961-68

Annual
1989

August 1991
1991

1990
June

1990

July

Aug. | Sept |

Oct | Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

Hay

| June |

July

CHEMICALS AND ALLIED PRODUCTS-Continued

PAINTS, VARNISH, AND LACQUER t
[Millions of dollars}
Total shipments
Product coatings (OEM)
Special purpose coatings

!......„.

I"

...
'."

'8,550.5
'3.524.7

2,077.4
840.0

2,141.3
981.1

2277.8
874.6

2,0287
8220

'4,112.9

1,073.6

1,007.3

1,003.1

9417

11,3212
4,713.6
4,236.9
2,370.7

11,608.9
4,9012
4,083.1
2,624.7

1,0772
469.0
359.0
2492

1.03Z7
465.7
323.1
243.9

1,084.3
471.7
365.4
247.1

950.6
389.7
348.6
212.3

1,032.4
402.5
391.5
238.4

843.6
334.9
320.7
188.1

721.9
303.4
264.9
153.6

'2,467.8
1,000.3
"953.6
<514.0

4

Hi

2
833.6
'7,318.8
'3,0393
'3,591.4
'4,002.6

-

II I III!

PLASTICS AND RESIN MATERIALS
[Thousands of metric tons]
Production:
Phenolic resins
„
Polyethylene and copolymers
Polypropylene..
.
„
Polystyrene and copolymers
Polyvinyl chloride and copolymers

................

ELECTRIC POWER AND GAS
ELECTRIC POWER
[MilSons of kilowatt-hours, tries* otherwise indicated}
Production:
Hectric utilities, total ..„

-.. ............

„..

2,784,304
2,519241

224,794
206,188
18.605

237257
213,305
23,952
645,103
178,287
229,732
1,374
213,085
3,954
17,739
931

4.346

248,935
221,314
27,621
627,551
177,148
227,655
1,271
199,176
3,456
17,747
1,097

169,117

170,583

40,713

50,793

54,388
49,912
4,261
167
48
9,846
4,394
2,192
1,997
1,075
188
44,672
24,658
10,462
6,064
2,689

54,166
49,700
4,249

53,878
49,482
4,182
166
48
1,520
382
260
384
462
31
6209
2,602
1213
1,107
1,210
78

247,984
222,314
25,671

42,059

53583
49,190
4,177
167

„.„....

By fuels
By waterpower
.....................,.....,...._
Sales to ultimate customers, total (Edison Electric Institute) .
Commercial 5 .
Industrials
Railways and railroads ..„
Residential or domestic ...
Street and highway lighting .
Other puttie authorities
Interdepartmental
Revenue from sales to ultimate customers (Edison Electric
Institute), m3. $

221,117
195297
25,820

208,936
183,249
25,687

54,388
49,912
4261
167
48

265,063

2,616251
718,014
905,225
5,307
899,573
14^48
69259
4,324

2,807,058
2,527219
279,839
2,623,733
722,375
907,925
5,335
897,937

14,731
71,084

266228
242,570
23,658

268,483
247,435
21,048

237,869
16,971
731,098
207,157
239,405
1,304
260,423
3,518
18,323
967

210,496
188,579
21,918

177,096
219,440
1,436
242,236
4,147
18,224
43,315

GASO
Total utility gas, quarterly (American Gas Association):
Customers, end of period, total, thousands @
Residential .....
Commercial .„.
Industrial© .
Other.
Sales to customers, total. trS. Btu
Residential
Commercial
Industrial.
....
Electric generation ..
Other ......
Revenue from sales to customers, total, ml $
Residential
Commercial.
Industrial
Electric generation .
Other .

49

10,551
4,798
2,323
1,962
1280
188
47,493
26,172
11,077
6211
3,449
584

168
49
1,871
780
417
426
213
36
8,376

4,499
1,939
1,234
596
107

2,690
1259
615
560
203
54

12230
6,901
2,901
1,709
554

165

FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production, mil. bbl.
*.
Taxable withdrawals mil bbl
„..
Stocks, end of period, mil, W .
Distilled spirits (total):
Production ma tax gal .„.-„.
. ...
Consumption, apparent, for beverage purposes, ml. wine
Stocks, end of period, mil. tax gal, .„„„ „..

, ...„

Whisky.
Production, mS. tax gal.
......
Stocks, end of period, mil tax gal.
Imports, ml proof liters
„
.„„„.„...„.
ATines and distilling materials'.
Effervescent wines:
Production, ml wine gal.
„„„..„„.„„„..
Taxable withdrawals, ml wine gk
Stocks, end of period, ml wine gal.
Imports, md. liters -.. ... .............
„«.-. •«,. .„,.,.. .
Still wines:
Production, ml wine gal,
Taxable withdrawals, m3 wine gal
„. .
Stocks, end of period, mil. wine gal..«
Imports mil liters
«—....
Distilling materials produced at wineries, ml wine gat. .
Seefoofrctesat end




199.14
179.50
14.60

18.96
17,40
1424

16.08
14.75
13.06

18.58
16.89
1458
8.14

525

4.10

31.83
435.06

29.81
428.40

29.39
425.01

2726
413.71

5.83
378.58

3.03
374.97

2.91
371.63

16.62
15.77
13.87

15.44
14.54
13.34

13.97
1322
12.67

1627
13.80
13.54

31.10

36.71

48.14

24.72

15.17
13.11
14.11

5.84
365.00

1723
14.82
15.01

9.68

374.41

112.69
371.46
426.67
3
36854

1824
17.00
14.57

203.63
185.56
1257

77.88
368.85
*223.97

16.08
14.40
14.15

zzz;

zzz:

zzz

zzz zzz: _

'29.76
'2655
'222.62
•» 54.96

26.35
25.50
231.72

155
1.64
1950

2.33
127
19.83

358
220
21.91

226
2.73
22.18

2.88
4.54
19.77

255
425
18.30

1.79
229
17.59

2.96
.88
1659

121
.92
17.60

'408.16
'413.17
'6,305.38
J
242.05
114.11

427.15
41725
6,45254

3.06
39.08
42957

5.58
32.76
41227

31.03
33.14
436.40

183.44
32.38
54255

110.18
34.99
578.33

4225
35.00
57554

18.63
38.43
576.36

6.45
27.41
550.40

3.36
26.98
53026

108.07

4.48

2,00

16.08

22.42

'2952

1223

521

351

7.30

"... _.—„

—
—

SURVEY OF CURRENT BUSINESS

August 1991
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in Business Statistics,
1961-88

Annual
1989

|

S-21
1991

1990
1990

June

Aug.

July

Sept.

Nov. | Dec.

Oct.

Jan.

Feb.

|

June |

liar.

July

FOOD AND KINDRED PRODUCTS; TOBACCO-Continued
DAIRY PRODUCTS
Butter:
Production (factory), ml. ft.
Stocks, coid storage, end of period, mil to.
producer Price Index, 1982*100 - .
Cheese:
production (factory), total, ml ft.
American, whole milk, ml ft.
Stocks, cold storage, end of period, mil ft.
American, whole milk, ml b. .
imports, thous. metric
tons
.. ...
Price, wholesale, Cheddar, single daisies (Chicago), $ per to
Condensed and evaporated milk:
Production, case goods, mil. to
Stocks, manufacturers', case goods, end of period, ml to.
Exports, thous. metric tons
Fluid milk:
Production on farms, ml ft, t
Utilization in manufactured dairy products, ml to.
Price, wholesale, US. average, $ per 100 b
Dry milk:
Production:
Dry whole milk, mil. to .......
......... ......... , .....
Nonfat dry milk (human food), ml ft'
Stocks, manufacturers', end of period:
Dry whole milk, mil. ft. Nonfat dry milk (human food), ml b.....
Exports, whole and nonfat (human food), tfwus. metric tons ..
Price, manufacturers' average selling, nonfat dry milk (human
food), $ per b.
...............
GRAIN AND GRAIN PRODUCTS
Exports (barley, com, oats, rye, wheat), ml bu. ......... .............
Barley.
Production (crop estimate), ml metric
tons
....:.....
Stocks (domestic), end of period, total, ml metric tons
On farms, ml metric
tons
—
Off farms, mil metric tons
Exports, including malt, thous. metric tons §
Producer Price Index, No. 2 feed, Minneapolis. 1982.100
Corn:
Production (crop estimate, grain only), ml metric tons
...
Stocks (domestic), end of period, total, ml metric tons
On farms, mit metric tons ........... ...
...........
Off farms mil metric
tons
»»••
Exports, including meal and Hour, ml metric tons
„. „.
Producer Price Index, No. 2 ( Chicago, 1982*100
Oats:
Production (crop estimate), ml metric tons
Stocks (domestic), end of period, total, ml metric tons
On farms, ml metric tons
.............. ..
Off farms, ml metric tons
Exports, including oatmeal, metric
tons
.7 - —
Producer Price Index, No. 2, Minneapolis, 1982*100
Rice:
Production (crop estimate), ml metric tons
Southern States mills:
Receipts, rough, from producers, ml b.
„
—
Shipments from mills, milled rice, ml.
to.
«».
Stocks, domestic, rough and cleaned (cleaned basis, end
of period, ml Ib.
„
Exports thous metric tons
...
.......
...—
Producer Price Index, medium grain, milled. 1982*100
Rye:
Production (crop estimate), ml metric tons
Producer Price Index. No. 2, Minneapolis, 1982*100
Wheat
Production (crop estimate), total, ml metric tons „
Spring wheat, ml metric tons
Winter wheat, ml, metric tons
„
„
Distribution, quarterly, ml metric tons @
-.
Stocks (domestic), end of period, total, ml metric "tons
On farms, mS metric tons ...
Off farms, ml metric
tons
...»
Exports, total, including flour, mi. metric tons
Wheat only, mi. bu.
„„„.„«„„ „,......,..,.. .........
Saj footnotes at end erf tables.




1,295.4
2562
88.0

1,302.2
416.1
71.3

96.7
420.0
68.4

84.6
420.8
70.8

84.2
427.9
70.1

83.4
412.3
705

106.7
413.6
705

110.1
407.6
70.6

1212
416.1
70.6

142.1
4705
67.0

126.3
5245
67.0

1315
5555
'67.1

133.7
619.B
67.5

126.0
'6475
67.3

$6373
67.8 """••frB

5,615.4
2,674.1
328.0
234.8
'126.6

6,061.2
2,890.8
4575
3472

522.8
250.6
465.0
335.9

5022
241.0
484.6
360.6

495.0
233.3
475.7
3585

472.6
2145
4595
348.7

505.9
232.7
445.4
338.3

4955
2335
437.3
334.4

522.1
2482
457.8
3472

501.7
247.1
473.8
3605

458.0
222.4
450.0
3425

521.4
250.0
486.4
3802

500.7
236.9
509.3
402.4

516.0
2475
'509.3
'405.6

51374
4072

525.1
a26"6

602.6
58.1

56.3
97.3

52.0
101.1

49.5
1045

435
101.9

52.0
842

502
71.7

46.2
58.1

45.1
735

465
845

472
86.0

50.6
90.6

465
107.1

122,531
85,714
1356

125,714
89.998
13.73

10,719
7,848
13.80

10,691
7515
14.00

10,476
7,322
1420

9,973
6.729
13.90

10,223
7242
13.10

9,998
7,033
12.70

10,467
7.369
11.70

10,663
7,755
11.70

9,948
7.190
11.70

11,097
8,069
11.40

10,906
8.107
13.00

'11228
8236
11.40

1758
874.7

1751
876.6

159
87.7

142
75.6

130
62.3

522

125
545

115
68.7

89
81.2

86
82.6

83
775

83
87.6

95.1

71
101.4

13.0
49.4
157.1

112
114.6

16.5
92.6

145
107.8

122.6

135
115.3

11.6
115.1

11.3
1145

112
114.6

112
114.6

95
955

95
885

10,4
84.4

10.8
74.4

.993

.948

1.118

1.087

1.063

510

583

563

.855

555

549

546

550

2
8.800
7
7.634
7
4.059
7

7
6.656
7
3.841
7

I ..... ZZZZ-.

4.592
Z065
2527

8

• " • • "

„.„.,..,„..

10,679
7503
11.40 - - —

0

3574
* 1,841.8
1175
*191.16
7
179.89
7
119.36
7
60.54
*56.66
102.4
*5.423
* 1.427
«.87O
*.557
*58,387
107.1
2

7.007

2516

126.9

52.49
100.9

3

102.4
2

'.347
69.1

2260
'37.87

34.15
19.17
14.98

.........

1002 "

11674

107.1

1135

108.7

Ti25 """TiOJ

537

"'"""895

95.3

112.3

107.1

94.0

J
76.00
J

121.65
77.84
43.80

176.29
12350
52.49
'945

"""7125

4458
'31.42

« ™

i"6T5 ""*" 102.0
'•"'27484
"1341
M.143

„„.„

815

74.0

66.0 "

235

243
433

645

555
510

2,401
616

2,150
785

697

1,618

63.4

2^76

68.7

1055

684

110.3

69.7

~7T.6

682

655

7.027

2,106

i5)

1102

101.3

<2558
* 1.067
4
1.891

I

*5.184
*1203
1.075
„„„.

2,741
•3.024
107.9

7

1045

6.656
3.841
2516

6

10,351
6,942

39.59
63.98
7
38.71

1181

a
201.51
7
17629
7
123.80
7

12,918
8,061

3
55.43
2
15.64
2

..
8.945
5.626
3.319

•

256
665

490
1,107
104*6

810

'f04O "

1035

975 "

64.5 "*

610

641
725

2,106

9T0

655 "

677
566

828
557

1557
™.~

2,271

942

117.

HI

"

"68.1

.

^

"

65*5

74"7

615

715

3

74.53
*19.19
r
55.34
62.17
7
51.93
r
20.77
="31.16

1145

...„..„

14.01
51.93
20.77
31.16

23.77
6558
2722
3856

ZZZ.ZZ.
1.77.7.7

-—

14.85
'2156
"929
<1428

14.16
37.99
14.50
23.49
1

ZZZZZ ZZZZZ.

SURVEY OF CURRENT BUSINESS

S-22
Unless otherwise stated in footnotes below, data through 1988
and methodological rotes are as shown in Business Statistics
1961-88

1989

August 1991

1990

Annual
| 1990

July

|

1991

Aug. | Sept. | Oct

|

Nov.

|

J*

Dec

|

M.

Mar.

| Apr.

May

| June | July

FOOD AND KINDRED PRODUCTS; TOBACCO-Continued
GRAIN AND GRAIN PRODUCTS-Contlnued
Wheat-Continued
Producer Price Indexes:
Hard red winter. No. 1, ord. protein (K.C.), 1982*100 ...„
Hardredspring, No. 1, ord. protein (Minn.), 1982-100...
Wheat flour
Production i
Floor, thous. sacks (100 to.)
MiUfeed, thous, sti tons
Grindings of wheat thous. bu.
'.'. '.
M«
Stocks held by mills, end of period, thous. sacks (100 to.).
Exports, thous. metric
tons
...
Producer Price Index, &83.100

109.
108.7

86.3
91.1

95.4
102.2

342,782
6,072
761,02
'5,207
'1,19553
1105

359.639
6,255
797,589
'6.288

26,719
468
60.572
'5318

Yoo^

22,144
469
236
.350

76.4
805

75.2
79.0

73.0

93.6

93.9

93.4

905

1,895
633
366
295

2,120
688
406
280

'2,191
'727
'451
.300

499
.305

515

14.7

16.3

155

13.1

155

9
14
.720

14
14
.858

12
13
*576

15
'14
*.609

13
14
*.634

121
2,407

120
2,443

106
2,673

103
2.785

91
2,648

78.1
93.7

71.8
77.6

71.8
75.7

71.9
75.3

70.4
73.8

70.1
73.8

65.6
71.5

68.2
73.7

74.3
77.7

732
79.1

27.711
485
6238

33,331
565
74,373

29,833
512
67,093
'6205

33,171
573
74,690

33,034
565
73,463

28,660
490,418
64,043
'6,288

29,594
517,455
66,730

29,304
491,961
65,634

'27,301
'487
'62287
5,711

29,710
534
67,179

106.0

99.7

93.4

92.0

912

89.4

895

88.7

902

'92.0

23,669
562
306
.310

481
535

1,963
800
542
.355

2,186
846
593
515

1^36
855
624
.325

2,300
862
625
270

2,054
582
338
265

1,794
562
306
270

2,108
551
301
290

1,854
606
339
280

186.8

183.4

15.4

15.9

15.9

15.4

16.0

155

16.3

16.1

12
14
.777

15
15
.760

22
18
.669

29
17
.642

19
17
.739

18
16
754

11
17
500

16
17
500

15
15
.831

17
15
.880

2,100
33,010

1,742
32,391

131
2,873

139
2,796

147
2,918

132
2553

158
2,877

149
2,622

136
2,380

151
2508

7563
94.74

74 46
93.50

7622
9230

7575
, 9150

6.153 , 5,983

7,110

6,716

61.34

62.54

56.37

55.64

22,9

235

2Z3

426

430

463

POULTRY AKO EGGS
Poultry:
Slaughter, ml b> ..........
„„, .„„
,.„
Stocks, cold storage (frozen), end of period, total, ml'b. '.'.,
Turkeys, ml ib.

.«

».„..

.....,„„„.,

Price, in Georgia producing area, live broilers, $ per to.
production on farms, mi cases §
Stocks, cold storage, end of period:
Shell, thous. cases |
Frozen, m3
to.........
........... ..
Price, wholesale, large (delivered; Chicago), Sperdoz

.

.731

LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves, thous. animals
.
Cattle, thous. anitn&ls . - ..
«. „ „ . „„
Prices, wholesale:
Beef steers (Omaha), $ per 100 to. „ _ „
Steers, stocker and feeder (Kansas City). $ per 100to.^
Calves, vealers (So. St Paul), dollars _ _
>, thous. animals..
Prices:
Wholesale, average, all weights (Sioux City), $ per 100 b.
Hog-corn price ratio (bu. of com equal in value to 100 to.
kvehog)
„
Sheep and lambs:
Slaughter (federally inspected), thous. animals
Price, wholesale, lambs, avg. (San Angelo, TX),
$ per 100
to.'
......
.*
'

7252
81.45
24S.62
86.328

82,901

4351
17.3

225

5,295

5.469

66.06

—
7,334

7,140

7,461

6,469

7,044

7,320

6,948

6,133

23.4

25.9

232

212

22.0

225

215

21.0

22.7

'23.7

422

48.00

7,546

490

465

449

495

449

546

436

443

388

242

52.00

MEATS
Total meats (excluding lard):
Production, ml b.

Stocks, cold storage, end of period, mlto...„
„
Exports (meats and meat preparations), thous. metric tons.....
Imports (meats and meat preparations), thous. metric tons
Beef and veal:
Production, total, mS.to.........,..«......,,«,....„..„..„....„,.....„.„„.,„
Stocks, cold storage, end of period, ml to.
Exports* fnot/s» fn&tnctens***».»n...*wM*M.**Mt.*.*.*....,»+4*..„„„.».+..„*+,
Imports* Jnous* fiiQtfic tons **»*..*p«**i*4*..**«*t*.fb.*»*+44*—*««»»*i*...+ft*h.

Pnce, wholesale, beef, fresh steer carcasses, choice (600*700
ft*.)(C0rttalUS.),fp«rA
Lamb and mutton:
Production, total, ml
to.
„.„
Stocks, cold storage, end of period, mi. to.
Pork (excluding tard):
Production, total, ml b. .........
.............
Stocks, cold storage, end of period, ml to..-.
Exports, thous. metric tons ~
Imports, thous, metric tons..
Prices:
Producer Price Index, hams and picnics, except canned,
WM1
Fresh loins, 8-14to.average, wholesale (Omaha),
$ perto.*

39,418
535
1
1,301
'1,110

38.606
566

3.175
591

3,101
565

3,430
507

3,095
507

3,498
537

3273
535

3,080
566

3,427
585

2,954
590

3,083
602

3,285
645

3291
'613

3,059
590

23,319
256
'568
'682

22,950
306

2,006
262

1570
271

2,091
247

1,841
249

2,075
273

1570
283

1,708
306

1,999
308

1,720
277

1,746
283

1,895
272

1,971
'241

247

30
9

27

32

30
8

30
8

33
9

30
10

36

29
7

30
'8

25
8

1.373
221

1,342
234

1.396
248

1204
281

1,381
341

1291
'333

1,140
308

'1315

M29.5

114.4

117.7

113.1

1105

113.4

1.078

1.122

342
8

357
8

27
10

27
10

15,757
256
'152
'358

15299
234

1,142
293

1,103
256

99.7

118.6

1228
226

116.4

119.9

1235

'123.0

12562

1.0111

1,4414

12494

12163

'130.4

116.7

MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans, imports (including shells), thous. metric
tans,.
Coffee:
Imports, total, metric tons ..........
From Brazil, metric tons ..
US. Import Price Index, 1985*100 ._.
•fish:
Stocks, cold storage, end of period. nti. fc.,
Sea footnotes at end of taHes.




'266.1
..-

'1,162,920
'249,295
69.2

59.3

575

430

343

337

„

...„

63.1
334

347

369

.

.„„„„

.........
57.7

57.1

356

351

343

314

290

267

................
549

'275

308

114.3

SURVEY OF CURRENT BUSINESS

August 1991
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in Business Statistics,
196148

Annual
1989

S-23

1990
1990

Jura

|

July

| Aug. | Sept

1991
Oct

|

Nov. | D*c

Jn.

|

M L

|

Itey

Mar. | Apr.

| Jura |

Jury

FOOD AND KINDRED PRODUCTS; TOBACCO-Continued
MISCELLANEOUS FOOD PRODUCTS-Continued
Sugar
<412,O44
Exports,rawand refined metric tons ..
Imports, raw and refined, thous. metric tons .......................... •M.542
Producer Price Indexes:
Raw (cane), 1982=100
1155
118.2
Refined, 1982*100 .-.»
_
Tea, imports, metric tons ......
».....„.
....

119.3
1223

'1,607
3,674

178,742
523.094
2,233

14,366
45,897
222

119.6
122.6

3,247

119.6
1212

119.3
123.1

1193
123.0

1195
122.7

117.9
122.4

115.6
123.1

113.1
1232

3,674

11,909
39,790
164

15286
49^93
211

12,778
43,267
195

19,419
44,009
191

18,791
45,562
210

'113.3
'122.9

3,458

17,672
34,134
158

113.1
122.1

112.9
121.1

112.6
121.4

113.3
121.0

III

TOBACCO
'85,257
Leaf:
Production (crop estimate) mil b
Stocks, dealers' and manufacturers', end of period, mil, Rx, ....
3,803
Exports, ind. scrap and stems, metric tons
"224,382
'1,367
Imports, ind. scrap and stems, metric tons ....„.„„.„..„„„.„... '180,286
Manufactured products:
Consumption (withdrawals):
Cigarettes (smajl):
Tax-exempt, millions
.......
147,495
Taxable, millions
....
561,021
2,365
Cigars (large), taxable, millions
"41,755
Exports, cigarettes, millions ..............................M.......................

1192
122.7

.

ZZ'12'1 ZZ'ZZZ

LEATHER AND PRODUCTS
LEATHER
Exports:
Upper and lining leather, thous. sq. ft
Producer Price Index, leather. 1982*100

......

.

_„„„

179.0

1773

1765

175.4

16,734

14274

18,844

16531

18221

10,357
2,183
1,734
156

13,177
3514
2,153
291

11,319
3.616
1,640
309

134.4
121.3
113.4

135.7
1215
1132

135.7
121.4
113.9

177.6

179.6

201,648

1743

1745

173.7

'172.6

1723 " "1673

1727

LEATHER 1IANUFACTURES
Footwear
Production, total, thous. pairs
Shoes, sandals, and play shoes, except athletic, thous.

210,490
57,534

41,184

3,680

3,405

127.5
1162
110.0

Slippers, thous. pairs
„ „.
Athletic, tfwts. pairs
- „., ........
Other fxtwear, thous. pairs
Exports, thous, pairs ...........................................................
Producer Price Indexes:
Men's leather upper, dress and casual, 1982*100
Women's leather upper, 1982*100
Women's plastic upper, 1982*100
.....
„

11,019
3,440
2275
337

135.8
120.9
113.4

1343
121.3
114.3

8
137.3
121.7
1135

15,359

12596

*47,787

10.381
3208
1,770
261

8308
1,946
1342
291

*3Z010
fl
9235
"6542
*898

1373
121.9
110.9

138.0
1215
110.7

1383
1213
110.7

1403
122.3
110.7

1403
'1233
'113.4

1412
124.1
111.4

1415
124.1
114.9

3534
851
2.683
3*0

3.661
838
2323
3,617
791
2326

'3358
880
'3,078
'4,037
855
'3,182

3,835
916
2,919

2,485

3,410
810
2,600
3,301
711
2590

141.4
1242
116.6

138.4
1243
116.9

LUMBER AND PRODUCTS
LUUBER-ALL TYPES #
[Millions of board feet, unless otherwise indicated}
National Forest Products Association!
Production, total
-.*...
...............
Hardwoods
„..-.
Shipments total

„

.„-

—„.—..

Softwoods
Stocks (gross), mil!, end of period, total
Hardwoods
Softwoods
Exports total sawmill products
Imports,totalsawmill products, thous. cubic meters .„„...„„,.

3

58,749
10369
*47,880
*49,003
'11347
*37,656

* 54,633
'9,480
'45.159
'46,083
'10,102
'35381

"4398

4"734

2

3344
839
3,105
4,176
871
3,306

3,976
870
3,106
3312
754
3,158

— « .......

4,060
1,025
3,035
3387
928
3,059

3,602
886
2,716
3,453
794
2,659

4,015
961
3,054
3390
846
3,044

3,412
857
2,555
789
2368

2.914
736
2,178
2373
624
2249

4,752

4"if6

4334

4,809

4,734

4325

4,949

4346

4349

4300

'590
'421
'715
'712
'829

'713
'472
'663
'662
'830

'673
431
'704
'714
'820

'596
432
'590
'595
'815

'547
452
'484
'527
'772

'613
437
'671
'628
'815

'643
434
'656
'646
'825

'829
'556
'722
'707
'840

'865
'607
'803
'814
'829

'797
'586
'737
'618
'748

1393

136J

126.8

1253

1273

129.4

M25.7

130.4

4

$
3.158

*64355

SOFTWOODS
[MUSons of board feet, unless otherwise indicated}
Douglas fir
Orders, new .„„.„..
—.—.-..«.™™-™..
Orders, unfilled, end of period
Production
..
Shipm ents ................. .„...
.—„.«„„...„..„„«„„„.»...
Stocks (gross), mill, end of period".
Exports, total sawmill products, tfwiJs. cubic meters
—•
Sawed timber, ffnus. cubic meters
«,
Boards, planks, scannings, etc. thous. cubic meters
Producer Price Index, Douglas fir, dressed, 1982*100
Seetoofictesat tnd of tttte*




9552
501
9,620
9,687
809
-•2,781
*335
*2,450
151.6

'8,749
452
'8.751
'8.798
'772

'848
'556
'760
'829
'832

'682
'543
'689
'695
'826

680
532
700
734
714

1733

166.0

SURVEY OF CURRENT BUSINESS

S-24
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in Business Statistics.
1961-68

Annual
1989

August 1991

1990

| 1990

July

June

Aug.

| Sept.

1991
Oct

Jan.

Nov. | Dec.

| Feb. |

j m

War. | Apr.

1*.

July

LUMBER AND PRODUCTS-Continued
SOFTWOODS-Contlnued
[MUSons of board feet, unless otherwise indicated}
Southern pins:
Orders, new . .
........ .......
........
Orders, unfilled, end of period
'.
™..." ......
Production
Shipments
»..
Stocks (gross), mill and concentration yards, end of period ....
Exports, total sawmill products, cubic meters
Producer Price Index, southern pine, dressed, 1982-100 .
Western pine:
Orders, new
„
„
Orders, unfilled, end of period
. . . . . . .
Production
Shipments
. . .
» „ .
Stocks (gross), mill, end of period . _ „
Producer Price Index, other softwood, dressed, 1982-100

'12,366
635
'12,544
'12.567
2,050
2
1,206,526
108.0

'12,705
692
'12,787
'12,646
2,190
.........

11,143
506
11,229
11.174
1,402
127.1

9.5
206.5
7.6

1,233
739
1,142
1,176
2,027

1,251
733
1,239
1,264
2,006

1,024
670
1,114
1,092
2,021

881
643
990
901
2,111

1,181
687
1,147
1,136
2,135

890
653
947
929
2,143

859
692
867
815
2,190

855
665
950
892

979
677
924
961
2219

232
•

•

-

•

•

—

1,147
756
1,024
1,065
2,177

'1,059
696
'1,102
-1,124
2,164

'103.6 *

1091*8

1253
821
1,054
1,127
2,080

llllHIllUll

nniirimi

... „
..„

104.7

1021a

103.9

'872
510
'873
'865
'1,279

-712
454
'752
'768
'1,263

120.9

1193

'692
483
'611
'663
'1,211
119.0

'701
472
-764
'712
'1,263
119.6

'711
470
'742
'713
'1292
119.5

'835
548
'788
'757
'1,323
'122.3

'916
582
'849
'882
M.290
125.6

'933
'649
'826
'866
'1250
132.4

760
550
835
859
1226
145.6

147.7

8.2
17.1
9.3

92
155
9.6

8.3
14.2
10.0

82
14.3
122

8.1
15.1
11.4

9.5
18.7
10.0

9.7
17.1

10.7
16.4
11.1

9.8
17.9
10.9

11.0
13.8
10.1

425
1232

494
868

412
826

1

732
1

486
851
1

863
1

862

1

1,513
170
31

1,598
162
52

1,552
160
28

'•1?
56

1291
92
70

1,940
3,454
5,340
3,789

1,821
3251
5.050
3,978

1,636
2,828
4,614
3.989

1,801
2,974
4,947
3,999

1,599
'2,804
'4,458
-3,978

105.63

103.17

101.62

4,451

iV6!s """Tolb

ii'elo

1161

mlo

'10,582
483
'10.452
'10,605
P
1211
126.3

'1,002
'583
-879
-955
'1,331

'815
'532
'855
'866
'1,320

129.0

127.7

'883
'507
'879
'908
'1,291
125.7

-775
'503
-759
'779
'1,271
125.5

8.3
205.3
10.0

15.4
185
7.4

15.5
15.4
72

13.0
192
7.9

11.9
18.7
7.9

tEo

HARDWOOD FLOORING
[Millions of board feet}
Oak:
Orders, unfilled, end of period
Shipments
Stocks (gross), mill, end of period

...

93

METALS AND MANUFACTURES
IRON AND STEEL
[Thousands of short tons}
Exports:
Steel mill products .
Scrap .................
Pig iron ,„...,...,.„...
Imports:
Steel mill products
Scrap
Pig iron
Iron and Steel Scrap
[Thousands of metric tons, unless otherwise indicated}
Production
...„....__..
Receipts, net
Consumption
._
Stocks, end of period
Composite price, No. 1 heavy melting scrap:
American Metal Market $ per metric ton ..
Ore
[Thousands of metric tons}
Iron ore (operations in all U.S. districts):
Mine production
Shipments from mines ...
Imports ..........................
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
Consumption at iron and steel plants .
Exports (domestic)
Stocks, total, end of period
At mines ...~
At furnace yards..
At U.S. docks
Manganese (manganese content), general imports

344
792

4,578
13,305
12

4,303
12,765
16

318
1,164
3

302
1.086

17,321
1,120

17,162
1,424
383

1,466
145
9

1,591
118
25

1,629
130
65

23,091
42,394
66,320
4,191

23,083
39,624
63,705

2,005
3,758
5,775
3,700

1,828
3237
5,081
3,742

1,942
3,406
5.437
3,747

1,943
3266
5,259
3,784

105.61

105.46

105.95

104.03

112.52

110.81

59,032
58299
19,596

55,468
55266
18.054

5,333
6,162
1.743

5,777
6,849
2,144

4.274
5273

4235
5,053
1,848

4,069
5,140
2,010

3,677
4,540
2.075

4,646
5.452
1.350

71,156
73,059
5,365
22,476
4,575
15,730
2,171

73.797
73,681
3,199
22,978
4,795
15.910
2273

7.490
6,390
662
21,019
10,377
9234
1,408

8205
6,573

8,183
6167
168
22,110
8277
12,045

7,080
6200
21

7,521
6,353
22,027
6,398
14,116
1,513

6,923
6.075
151
22,042
5,535
14,969
1,538

6,347
5,436
24

55,873
51.106

54^25
50,019
130

4,530
4247

4.673
4,305
176

4,523
4,120
165

585

21.863
9287
10,748
1328

1,032
()
3

22268

7,461
12,929
1,878

595

772
1260

1,252
(3)

1,571
83
56

1.367
102
11

1,080

9654

96.68

92.02

86.53

4274
1,585
397

4,135
1,897
503

4.754
5264
834

4.846
5,678

1331
4,475
2
22,218
9,182
11,174
1,862

22,978
4,795
15,910
2273

1

2,615
1
21 ^16
11,421
8,493
1,402

5,096
4330
401
20,757
10,910
8.749

3,470
'3,354
125

4,047
3366
128

2,987
4,666
4,052

5296

Pkj iron and Iron Products
[Thousands of short tons, unless otherwise indicated}
Production (including production of ferroalloys)
Consumption, thous. metric tons
Stocks, end of period, thous. metric tons.,
Castings, gray and ductile iron:
Sfliptnenfc, total
For sale.....
Castings, malleable iron:
Shipments, total .
For sale
Seefootnotesat end of tabes.




275

7.490
5,323
283
129

193

4.656
4218
209

4,788
4,344
187

4,629
4200

180

4,264
3,807

130

4,077
3,808
149

3330

3,830

4,179

SURVEY OF CURRENT BUSINESS

August 1991
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in Business StAtlstlcs.
1961-88

1989

S-25

1990

Annual
| 1990

June |

July

|

1991

Aug. | Sept | Oct.

| Nov. | Dec

to.

| Feb. | Mar.

Apr.

| May

June | Jury

METALS AND MANUFACTURES-Continued
Steel, Raw and Semifinished
[Thousands of'short tons, unless otherwise specified}
Steel (raw):
Production

tlt

•„*,*,+

t( **i,i t i.i

HltkH4Ht

Rate of capability utilization, percent..
Steel castings:
Shipments, total .,
For sale, total
Steel Mill Products
[Thousands of short tons]
Steel products, net shipments:
Total (all grades)
„....
Byproduct:

Semifinished products
Structural shapes (heavy), steel piling ....
Plates
Raits and accessories .
Bars and tool steel, total
Bars: Hot rolled (including light shapes) ..
Bars: Reinforcing
Bars: Cold finished
Pipe and tubing
„„
Wire-drawn and/or rolled
Tin mill products
Sheets and stnp (including electrical), toy
Sheets: Hot rolled
Sheets: Cold rolled
By market (quarterly):
Service centers and distributors
Construction, ind. maintenance
Contractors' products
Automotive
Rail transportation
Machinery, industrial equipment tools
Containers, packaging, ship, materials .
Other
{Millions of short tons]
Producing steel mills, inventory, end of period:

98,015
84.0

8,142
84.5

8,101

8,452

8,094

8,424

8,021

7.422
75.0

7577
74.6

6,705
73.1

7283
71.7

7,089
725

7,076
70.0

7,017
71.7

84,100

84,981

7,493

6,890

7,366

6,893

7,643

6,937

6,187

6,786

6,039

5,966

6,450

6,762

6,623

6,236
5,355
7,384
562
14,171
7,617
5,015
1,472
4,011
1.002
4,126
41,261
1Z898
13,854

6,313
6,093
7.945
519
14,727
7,878
5.305
1,486
4,652
918
4,032
39,784
13,388
13,199

561
526
708
40
1,322
696
488
133
427
82
342
3,485
1,093
1,183

479
520
657
32
1.256
704
433
115
364
73
341
3,166
1,100
1,051

557
694
34
1284
713
439
127
424
78
368
3,439
1,165
1,129

486
517
630
35
1232
692
420
116
373
71
321
3229
1,080
1.049

548
532

546
494
680
44
1,199
682
398
114

446
474
586
37
1,006
562
355

62
315
3212
1,068
1,099

51
406
2313
1,018
952

533
506
675
44
1,107
660
317
125
414
69
335
3,105
1.151
980

550
470
551
52
1,051
586
349
112
398
67
292
2,608
91"
839

527
452
548
58
979
540
329
107
424
75
298
Z605
986
791

550
465
590
52
1,111
603
392
111
411
82
342
2346
97/
922

595
469
618
41
1.110
572
425
110
428
77
365
3,059
1,113
936

647
421
583
32
1,077
549
420
104
383
73
336
3.071
1,145
924

18,185
6,861
2,863
11,180
1,096
2,162
4,458
37,488

18,250
7,391
2,793
10,444
901
2,104
4,474

4,678
1,920
729
2,898
225
551
1,156
9,910

4,091
1,629
539
Z047
261
481
1,009
8,701

*1.309
'549

'13.0
'7.9
5.1
6.9

'14.0
'8.1
'5.9
6.7

'125
'7.8
'5.1
62

'12.6
"71
'5.4
62

'13.4
'7.9
'55
6.1

'13.8

4,030
2,054

4,048
1,915

330
159

340
174

341
183

3
'340.2

340.3

94.0
28.0

102.6
27.3

6825
437.7
.7404

48.6
40.9
.7308

15,468
12,304
7,612
2,200

14,757
11.960
7.514

4.016

' 97,943
84.5
1,137
1,122

1,314
739
438
132
452
79
360
3,653
1.197
1218

4,424
1,836
703
2337
203
467
1,183
9594

4,627
1,843
636
2,644
222
490
1.135
9,511

1,393
*57
823

3

a
380
*3,057

2
71
5
142
2

381

14.0
8.3
5.7
6;

14:
8.4
5.7
63

142
8.7
5.5
6.6

337
155

349
174

31:
155

352
180

58.'
30.6

795
233

79.4
23.3

843
232

53.6
36.7
.8805

59.6
39.7
3223

622
33.8
.7252

61:
343
.6875

543
35.5

1272
1.089
692

1224
979
621

1247
1.031
647

1,098
909
576

1,179
941

1,086
877
561

1221
940
61

'121
'99
'635

1285

4,070

3,980

4,040

4,119

4,028

4,013

4,068

4,169

4256

'4,195

4,170

136.6
1303

136.1
124.5

141.1
140/

139.0
1323

1352
1303

1312
128.6

1262
1232

1005

973

31;
31.8

332
32.0

312

193
147
105
1.1561

33.6
173
110
1.146

1,377
*530
*189
3
796
3
56
'128
'364

340
196

66.8
30.9

2

142
83

"13.5
'7.9
'5.6
6.4

'13.7
'7.9
53
65

332
160

347
172

82.1
28.5

76.4

5
34.9
.7257

39.5
3035

1299
1,065

1248
964
624

4,013

3.916

1,497.5
1,476.8

1,577.6
1,571.0

133.6
129.7

1,1545

1,186.2

99.1

965

96.3

476.9

384.9
440.7

30.6
42.1

'""'333
343

•"""30.5
29.9

325
343

300.1

467.0
263.6

40.9
24.0

323
20.6

28.7
18.0

31.4
21

31.6
18.4

* 565.6
'130.2
2,203
106
1.3094

211.3
2,143
105
12316

189
92
1.1735

54.6
23.9
152
102
12612

57;
20.'
172
95
1.3496

53.6
22.4
179

51.0
215
184

1.3422

1.3011

40.!
172
164
91
1.1976

'14.0
'8.1
"5.9
6;

46.I
20.8

Steel in process ..
Finished steel
,
Steel service centers (warehouses), inventory, end of period .

3

6.4

NONFERROUS METALS AND PRODUCTS
[Thousands of metric tons, unless otherwise specified}
Aluminum:
Production, primary (dom. and foreign ores)
Recovery from scrap ....
Imports:
Metal and alloys, crude ...
Plates, sheets, bars, etc .
Exports:
Metal and alloys, crude .....
Plates, sheets, bars, etc ...
Price, U.S. market, 99.7% purity, monthly average, $ pert)..
Aluminum products:
Shipments:
Ingot and mill prod, (net ship.), ml t. ,
Mill products,total,ml to.
Sheet and plate, ma. Bx
Castings, ml b.
Inventories,total(ingot, mill products, and scrap), end of
period, mil b.,
Production:
Mine, recoverable copper
Refined from primary materials .,
Electrolyticany refined:
From domestic ores @ ..
From foreign ores .
Electrowon
„„
Refined from scrap ........
Imports, unmanufactured:
Refined, unrefined, scrap (copper conL) .
nSTLOGG »*»«»»». w .

Exports:
Refined and scrap .
Refined „ _ „ .
Consumption, refined (reported by mills, etc.) .
Stocks, refined, end of period ;...„
„
Price, avg. U.S. producer cathode, delivered, $perb.%
See footnotes at end d tables.




J

446.1
3784

J
457.7
J

92.7

148
115
1.1501

.6388

5775

7338
743

SURVEY OF CURRENT BUSINESS

S-26
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in Business Statistics,
1961-88

Annual
1989

August 1991

1990

| 1990

July

| Aug.

a*

1991
Oct. | Nov. | Dec.

Jsn.

I Feb.

Mar.

Apr.

May | June

July

METALS AND MANUFACTURES-Contlnued
NONFERROUS METALS AND PHODUCTS-Conttnued
[Thousands cfmetnc tons, unless otherwise specified}
Copper-fcasft mill and foundry products, shipments (quarterly
total):
Brass mill products, mil to.
Copper wire mil! products (copper content), m l to,
Brass and bronze foundry products, ml. b. -.
~ .........
Lead:
Production:
Mine, recoverable lead
*•
„..
Recovered from scrap (lead content)
Imports, ore (lead content)
Consumption, total
Stocks, end of period:
Producers', ore, base bullion, and in process (lead
content), ABMS
....
Refiners' (primary), refined and antimonial (lead content) .
Consumers' (lead content) 0
„
„.
Scrap (lead-base, purchased), all smelters (gross weight)
Price, common grade, delivered, $perh<§>@
Tin:
Imports (for consumption)1.
Ore (tin content), metric tons ..
Metal, unwrought, unalloyed, metric tons
Recovery from scrap, total (tin content), metric ft
As metal, metric tons
„
Consumption, total, metrictons..„.,.........„..,...»...»»
Primary, metric tons
—
Deports (metal), metric
tons
„
Stocks, pig (industrial), end of period, metric tons
Price. Straits quality (delivered). $perb „ „
Zinc:
Mine prod., recoverable zinc
Imports:
Ores (zinc content)....
Metal (slab, blocks)
Consumption (recoverable zinc content):
Ores .._
Scrap, alt types
Slab zinc:
Production,total* .
Consumption, fabricators......

'410.6
'808.6
120.8
'1,283.2
3

'1,255.7

735
15.6
82.7
17.
.3935
'216
'33,988
'15,213
'569
46,371
39,000
'904
6.072
52018
'2755

35.0
67.9
92
103.2

41.1
67.0
7.9
97.7

45.9
715
6.3
112.4

515
19.6
632
21.5
.4516

'469.3
'918.7

585
20.8

63.7
19.9
623
26.6

235
5013

3,178
578

2,606
544

~iob

36.8
71.0

422
77.5

37.4
72.3

355
77.3

104.6

109.0

104.3

97.3

61.8
20.6

52.3
23.7
616
24.9
.4616

242
.4947

2,491
580

3,100
73
3,792
3.7634
507.7

4"300
3200
57
3536
3.9026

4,100
3,000
36
3,449
3.8019

4,100
3,100
22
4,762
3.9932

45.6

57.1

44.7

60.3
242
62.0
15.8
.3452

63.7
24.3
55.6
1B.4
5323

61.0

2,786
594
_

41.1
73.3

55.7
22.8
60.4
22.3
.4275

4,090

415
79.0

2,403
560

2,934

1,601

1,946
'475

356

4,100
3.000

4,100
3,100
11
6,688
3.6075

4,366

4,100
3,100

™

3,100
10
4,819
3.9440

6,337
3.6822

3,900
2,900
60
6,677
3.6488

42.7

40.4

455

59.4

655

73.6

745

.3330

.3260

.3203

5279

41.9

3,200
111
6,177
3.6204

5,974
3.6834

15.8

177

15.6

16.4

4.7

42

3.6

631.7

70S

49.4

472

46.5

50.0

2.1
'251."

2.4
250.3

2
21.1

2
21.1

2
21.1

2
21.1

21.1

2
21.1

21.1

205.3
'1,060.0
'8.0

207.8
997.0
5.8

162
91.0
.4

17.6
100.0

16.0
73.0

175
86.0
.6

16.0
73.0
.5

17.3
80.0

15.0
65.0

4.7
60.3
.8206

4.6
41.6
.7459

41.9
.8719

25

4.0
47.1
.7898

5.3
46.1
.7777

45
41.7
5754

4.7
41.7
.6294

35
415

55
41.2
5593

394.5
84.3
138.1

433.0
89.6
140.3

29.6
11.7

155.6

131.9

1372

128.0

135.0

120.0

1302

121.4

1185

127.7

135.7

117.4

Stocks, eiid oTpeJiod""
Producers', at smelter (ABMS)
Consumers'
Price, high grade, $ per to...

'41.0
'711.6

121.1

1242

127.4

125.0

123.8

118.8

114.0

112.9

1045

107.4

108.3

183.6

200.5

199.9

212.8

229.1

213.3

205.7

2032

185.3

203.4

2035

1905

213.9

182.0

189.4

189.1

189.8

190.1

1902

190.7

191.1

191.8

193.0

194.4

195.7

196.0

144
133

138
131

143
135

131
123

140
135

133
123

141
141

123
130

114
118

131
128

130
140

'120
"127

114
123

1,976.35
1.722.80
2,358.60
2,05950
1,423.3

2.070.30
1,771.95
2.329.60
2.004.45
1,164.0

168.60
15120
275.70
240.10
1227.4

146.75
132.55
161.80
144.00
1212J

22855
21220
155.75
135.85
1285.1

209.15
190.75
189.95
168.30
1,304.3

182.40
166.05
188.80
164.90
1,297.9

136.65
113.10
18220
160.60
1252.4

178.10
151.10
266.45
209.95
1,164.0

130.05
10720
110.80
9325
1,1832

18625
113.80
133.15
109.45
1236.4

153.55
12720
173.85
148.75
1216.0

136.45
109.95
145.35
126.55
12072

109.60
96.45
17355
15725
1,1425

'13055
'87.70
'142.60
'104.30
1,1312

146.75
124.30
14920
137.10
1,128.8

831.60
719.05
837.00
704.15
380.3

894.40
76055
970.30;
851.10
304.4

76.65
6950
7455
70*5
334.4

8750
81.40
71.60
67.35
3502

4825
4755
75.60
61.30
3225

55.20
4550
108.95
94.30
2692

85.70
68.10
6455
5720

66.10
48.15
8525
63.40
270.8

117.70
10225
84.05
7720
304.4

59.80
71.75
61.00
302.4

5890
5150
69.00
58.80
2924

5150
31.45
103.00
88.05
2412

5725
3750
61.70
47.05
236 8

43.40
35.05
58.00
44.60
2222

'4155
'25.05
6955
47.15
'194.6

41.30
29.40
65.10
3720
170.8

2.1

MACHINERY AND EQUIPMENT
(Millions of dollars, unless otherwise spedSedl
industrial heating equipment, new orders (domestic), qtny # .
Electric processing heating equipment .
Fuel-fired processing heating equipment
Materials handling equipment dollar value bookings index,
1982M 1001 _ Z L

Z

Industrial supplies, machinery, and equipment:
New orders index, seas, adj., 1987=100 @

Sales index, seas, adjusted, 1977=100

»„

Inflation index, not seas. adj. (tools, material handling
equipment, valves, fittings, abrasives, fasteners, metal
products, etc.), 1977*100
Fluid power products shipments indexes:
Hydraulic products, 1985=100....
Pneumatic products, 1985=100..
Machine tools:
Metal cutting type tools;
Orders, new (net), total .
Domestic
Shipments, total..
Domestic
__
Order backlog, end of period —
Metal forming type toots:
Orders, new (net), total.
Domestic .
Shipments, total.
Domestic
...
Order backlog, end of period . „ .
Seefootnotesat end of ttfes.




88.5
225
16.4

155.0
20.4
85.6

129.6
302
47.1

1952

195.6

SURVEY OF CURRENT BUSINESS

August 1991
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in Business Statistics,
196148

1989

|

S-27

1990

Annual
1990

June

|

July

|

1991

Aug. | Sept. | OcL

| Nov.

Jan.

Dtc.

1 Feb.

-

|

Apr. |

- ,

METALS AND MANUFACTURES-Contlnued
MACHINERY AND EQUIPMENT-COrttlnued
Tractors used in construction, shipments, qtrty:
TracWaying (ex. shovel •——* ~ ^
Tracklaving (ex. shovel1
Wheel (contractors' offWheel (contractors' offShovel loaders, units —
Shovel loaders, ml $

10,846
1,183.7
4,545
383.2
60355
2,2257

ELECTRICAL EQUIPMENT
[Thousands]
Batteries (auto.-type n r
Radio sets, production, total n._
Television sets f i n d combination i
market XX ••
Household major appliances, Industry shipments # .
Air conditioners room) .
Dishwashers ..„
Disposers (food waste) .....
Microwave ovens/ranges
Ranges
Refrigerators ....<
Freezers
Washers
Dryers, including gas .
Vacuum cleaners (qtrty).....

65,187
21.585

4,908
1,673

6,475
1,974

6,477
2.723

24,659
'46,567
'5,091
'3.668
4,363
'10,598
'3,048
'7,099
'1.219
'6,252
'4,574
11,373

21,779
42,739
4,150
3,637
4,137
8,126
2,989
7,101
1,296
6,192
4,320
10563

2,163
4,192
604
335
431
586
302
765
126
566
359
2,348

1,846

2,199
3,353
54
303
419
676

2,162
2.167
4,130

1550
2,167
3,906

6,505
2,075

5,366
1,438

4,079
1345

4,063
1,298

4^32
1,186

5.265
1,261

5,541

1.658
2385
10

1.753
2.837
62
276
262
688
228
451
100
417
319
2.513

1,454
2384
185
255
309
565
236
434
75
486
344

1.761
3524
496
278
362
511
277
533
100
507
344
2350

'1,235
3,720
613
283
306
509
264
664
109
490
319

'1,397
3344
447
304
360
543
275
787
142
546
351
2,405

1,245
334
171
287
294
507
263
774
154
511
347

153
167
372

64,433
'25.254

128
159
318

126
193
332

110
188
319

162
203
315

216

226

145
209
324

321
348
587
252
656
136
515
357

123
518
359
3,035

2,923
1.772
3,509
2
345
347
899
278
590
101
535
392

792
253
494
97
446

GAS EQUIPMENT (RESIDENTIAL)
(Thousands}
Furnaces, warn air, shipments
Ranges, total, shipments
Water heaters (storage), automatic, shipments .

178

PETROLEUM, COAL, AND PRODUCTS
COAL
(Thousands of short tons, unless otherwise specified]
Anthracite:
Production
Exports, thous. metric tons
Producer Price Index, 1932*100 .
Bituminous and (ignite?
Production
Consumption, total .
Bectnc power utilities
Industrial, total
Coke plants (oven and beehive)
Residential and commercial « ................
Stocks, end of period, total .....
Electric power utilities
Industrial, total .
.
Oven-coke plants .
Exports excluding lignite, thous. metric tons .
Producer Price Index, 1982-100 .

323

354

310

206

221

1045 " " i W . 5

"""i055

"Toel

"106*6

'"105*6

91538
82,951
72,942
9510
3,397
498
161,585
150.123
11,461
3255
9,131
96.8

83.107
76,469
66,727
9,332
3576
409
160,739
149,013
11.727
3.124
9588
97.4

93,418
74,982
64564
10,303
3,450
413
167,023
155,191
11532
3.192
7,943
98.1

86,772
71,729
60,916
10,189
3,351
624
171,834
159,895
11,938
3560
8,728
98.7

75,676
79547
68,335
9552
3,139
1,059
167508
155.163
12,045
3,329
7,068
975

82588

81,090

"58J443

55,483

3517

7,003
3.306

3566

3.351

1505

1.514

1,840
1.649
191
1.450

1/30

1509

47.9
416.8
89

46.3
4465
92

755
441.3
91

91.0
4283
91

118.0
405.4
84

6,208.7

522.0

551.3

5445

487.5

4965

4847

479/

5022

2,684.7
598.3

2132
465

222.4
48.4

2253
51.0

216.7
50.0

2335
545

221.6
53.0

2275
52.

230.0
532

211.
50.6

2583.7
6562
-15.8
6,6343

2,325.1
6005
39.2
6,512.9

2102
522
77.

2265
54.1
602
551.1

213.1
543
44/
5853

1835
375
303
520.7

1725
35.4
16.5
554.3

5335

155.7
435
392
548.1

180/
38.9
-36.8
5605

51.7
2595

39.7
272.4

2.6
21.4

2.8
185

2.0
24.3

Z0
235

32
26/

4/
28.4

5.0
31.7

1.6
35.6

327

3519
2
677
103.4

3,121

980,729

1.029,035

766,888
117503
41,369
6,167
146.087
135,860
10527
2.864
*91,458
95.4

771,678
116,154
39,824
6,724
167,208
155,163
12,045
3,329
95384
97.3

84584
74,908
65,167
9,368
3,331
373
171,976
160,823
11,152
3,739
8,451
97.8

33,015
39,533

28.948
40,332

7,449
3^91

1.919
1,703
216
1,720

1318
1,674
244
1,436

1329
1,734
194
1,721

56.3
4.959.7
86

70.9
4381.3
87

6,304.7
2,778.8
566.1

1055

193

"T0T6
81,600

78,538

81578

97.4

98.0

565

595

148,736

152502

157,031

162504

5,637
96.4

7573

7517
97.4

6575
965

97.1

7,132
3502

3518

3.056

3576

3503

3,527

1.918
1,674
244
1.436

1,426

1.680

1,791

1.646

1.67'

79.3
401.8
83

87.9
4005
83

642
370/
84

'54.1
404.

56.3

59.0
425.6
8

2315
54.1

224.0
525

228.
542

163.1
28.1
-125
496.

33.9
-155
5285

1775
435
18.7
5055

2155
482
505
534.

4.
36/

45
25.0

4.!
17.

5/
30,

COKE
[Thousands of short tons, unless otherwise specified]
Production:
Beehive and oven (byprodxt)
Petroleum coke S..
Stocks, end of period:
Oven-coke plants, total . „ ,
At furnace plants
At merchant plants .....„,...
Petroleum coke
Exports, thou. metric tons .,

3.437

PETROLEUM AND PRODUCTS
(Maims of barrels, unless otherwise specified]
Crude petroleum:
Producer Price Index, 1982*100
Gross input to crude oii distillation units .
Refinery operating ratio, % of capacity .
AD oils, supply, demand, and stocks:
New supply total 0 .
Production:
Crudec
Natural gas plant liquids .
Imports!
Crude and unfinished oils .
Refined products
Change in stocks, an oils .
Product demand, total .
Exports:
Crude petroleum
Refined products
See toohotes at end of tables.




489.0

545.9

SURVEY OF CURRENT BUSINESS

S-28
Unless otherwise stated in footnotes below, dtoa through 1988
and methodological notes are as shown in Bu
1961-88

Annual
1989

|

August 1991
1991

1990
1990

June

|

July

|

Aug.

Sept

Oct.

Nov.

|

Dec.

|

Apr.

May

1 •"
"•

Feb.

Jan.

Mar.

499.1
219.1
1.4
92.0
37.4
44.4
45
7.4
485
1,558.9
905.3
568.5
153.6
500.0

483.1
214.8
1.1
86.1
33.8
40.5
45
11.3
427

499.0
2325
.8
84.8
315
40.7
4.8
15.0
425

1577.6
9075
568.5
157.5
512.9

1,628.0
927.0
568.5
163.9
537.0

206.4
174.4

202.8
171.9

July

219.8
173.7

PETROLEUM, COAL, AND PRODUCTS-Continued
PETROLEUM AND PRODUCTS-Continued
[MSons of barrels, unless otherwise specified]
AS oils, supply, demand, and stocks-Continued
Domestic product demand, total # .„„„...„„„
Gasoline
Kerosene
Distillate fueToii
Residual fuel oil
Jet fuel
„„..........„
„

„„.„..„...

6,323.7
2,684.1
30.8
1,1525
500.1
543.6
58.1
1655
608.9

Liquefied petroleum gases . . — !
Stocks, end of period, total
Crude petroleum ......
..„.
Strategic petroleum reserve
„.
Unfinished oils, natural gasoline, etc

.....
....
.
... ..... ,
„
«.»
-

K e n n e d products ...*.*»».•..•••»**. ««*^............... *.........«..................

1,581.4
921.1
579.9
152.0
508.3

515.0
226.5
.4
877
39.0
447
45
20.5
36.3
1,6850
970.9
586.7
163.6
550.5

845
397
43.6
5.3
22.2
435
1,7091
966.1
586.7
161.1
581.8

2,550.7
179.1

A p at ..J"Z"ZIIZ"ZZ"!"ZZ"IZ"ZIZ!IZ
s hl

6500.8
2,649.6
15.5
1,102.5
443.5
555.6
597
176.3
568.0
1,620.6
908.4
585.7
145.4
566.8

2,548.4
182.4

213.9
177.4

225.2
181.3

529.6
233.3

495.4
208.2

1,6985
959.1
589.6
158.9
580.5

855
305
46.0
5.3
21.6
47.0
1,6985
9325
589.6
163.1
602.9

525.0
2247
.6
91.8
31.8
49.1
5.4
18.9
555
1,674.4
935.7
589.4
152.4
586.3

2285
1745

219.0
189.6

213.9
181.9

559.6
242.6
1.2
99.7
38.4
48.1
6.0
24.9
45.4

925
28.9
47.3
45
12.6
51.0

511.3
216.9
2.6
87.3
405
47.8
37
6.8
54.6

523.3
206.4
3.1
104.0
35.1
48.0
45
5.3
665

1,653.9
9247
586.0
157.6
571.6

1,620.6
908.4
585.7
145.4
566.8

1,586.7
9055
585.7
1495
5317

455.9
191.1
1.6
84.0
34.7
42.6
3.3
5.1
68.8
1,574.5
9125
581.6
153.3
508.4

2085
1787

214.0
182.4

206.1
169.1

184.6
182.7

500.9
217.8

"--

-J"

-

Refined petroleum products;
Gasoline (ind. aviation):
Prices, regular grade (exd. aviation):
Producer Price Index, 1982*100
Retail. U.S. city average (BLS);
Leaded, $ per gal.
Unleaded, $ per gat.
Aviation gasoline-

655

1.160

1.127

61.3

58.9

W*M

997

905

805

71.5

61.6

63.4

1554
1.378

1551
1577

1.335
1.354

1546
1547

1.137
1.143

1.047
1.082

1.062
1.104

8.5
1.7

.9
13

3

1.1
1.7

.8
1.8

.6
17

7
15

5
17

.6
15

5.4
1.9

.5
15

5
1.7

3
1.7

16.3
5.6
75.4

-.1
4.9
57.0

5.8
56.6

1.0
55
655

1.6
65
87.8

15
6.4
108.7

1.6
6.4
107.4

1.6
5.6
945

2.4
55
825

1.7
5.0
75.9

.7
45
66.4

1.1
4.3
595

5
45
60.7

1,067.5
1015
1325
735

895
77
109.9
53.0

935
7.3
125.0
51.6

971
9.1
129.8
713

890
6.8
136.0
87.3

905
5.9
138.3
1045

874
7.1
132.4
98.9

904
7.4
1325
89.3

88.4
5.9
112.1
82.9

80.3
35
101.3
745

88.7
6.4
98.3
61.6

84.7
77
.1025
60.0

90.6
57
107.0
59.6 " '

575

346.6
183.8
46.6
575

275
145
46.8
43.1

306
16.6
49.0
413

295
175
49.0
45.8

275
9.4
49.4
61.0

248
11.9
49.3
745

254
115
50.1
827

317
15.0
48.6
74.1

31.0
13.1
47.6
68.0

29.4
107
44.6
625

30.9
10.3
42.9
475

275
125
447
44.3

28.7
13.0
45.8
415 *

425

5435
52.1

41.6
47.3

44.4
505

44.1
48.4

465
495

50.5
51.1

485
505

48.7
52.1

467
505

43.3
48.0

40.3
44.6

38.6
43.7

42.3
465

61.4
13.8

••»«.•

100.3

1597
1594

5121
405
*™..

95.0

1.198
1.190

348.1
229.6
43.8
47.6

Stocks, end of period
Lubricants:

84.6

1.089
1.084

1,058.0
'111.7
1057
58.4

Imports ..
.—„
.
Stocks, end of period
Producer Price Index, 1982*100
Jet fuel:

735

1.077
1.088

26.9
5.1
57.8

Imports
.....
Stocks, end of period .„.„..„
.........
Producer Price Index (middle distiiiate , 1982*100
Residual fuel oil:

73.8

1.149
1.164

9.2
2.1

Stocks, end of period
.........
Producer Price Index (light distillate, 1982*100
Distillate fuel oil:

80.3

597
1.022

Stocks end of period
Kerosene:

Stocks, end of Dsriod *
Asphalt
*

69.4

67.1

615
12.4

46
12.3

5.4
12.4

54
115

54
115

50
10.3

55
11.4

50
12.4

55
125

45
13.3

50
13.7

46
13.4

45
135

154.9
20.6

164.0
18.7

175
27.0

195
25.3

185
20.3

17.9
18.0

15.5
15.5

12.1
15.6

95
18.7

77
21.5

9.4
26.4

11.3
305

12.1
3Z1

14.7
32.3

653.5
451.3
2025
805

638.4
4565
1825
97.9

515
345
17.1
105.9

545
36.4
18.1
1145

56.6
39.0
17.6
124.7

53.7
385
155
125.8

55.0
417
135
1185

51.9
41.4
10.6
109.4

525
40.3
12.1
975

535
415
12.0
76.3

51.2
385
12.7
68.8

58.5
42.0
165
72.6

56.4
40.0
16.4
83.1

597
41.0
187
96.3

1.6

15

""""

Stocks, end of period
Liquefied petroleum gases:
Production, total..
........—„.._„_,_„„.„„„.._,„..„„.
At gas processing plants (LP.G) ......................
At refineries (LR.G.)
„..„'
Stocks (st plflntsflfKirBfinorics) «.*,»**»>-'-*-»-»•*•«»"+***••«..-»*»

705
(3)

1.156

PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD
[Thousands of cords (128 cu. ft)]
Receipted
Consumption
_
Inventories, end of period .»».„...«.»

'99579
'98,414
5,462

'99,304
'99,194
5,961

8,006
8,042
5,167

8,395
8,467
5,106

8,452
8,333
5239

8571
8543
5,651

8,712
8517
5,751

8,180
8,120
6575

7,920
8,012
5.961

8,779
8.801
5.732

8,171
8,115
5,554

8,161
8.161
5,670

8,097
8571
5.082

7,934
8,108
4536

'19,490
1,082

'21,040
909

1,798
1.031

1.738
1,035

1344
1,052

1,785
976

1322
1,024

1,778
981

1,717
909

1,815
927

917

'1,816
"907

"1,754
'960

1,763
1,025

'61598
1,425
50,181
6,029
4563

'63,068
1,293
51.192
6,363
4,219

5,175
114
4502
519
341

5.490
107
4,457
555
371

5,366
125
4,374
541
327

5500
126
4,190
536
349

5,410
91
4,395
569
355

5,123
71
4,163
543
347

5,428
123
4392
554
359

5579
115
4,530
563
371

5,033
104
4,098
503

5319
124
4,310
547

5585
115
4570
555
346

5,162
92
4506
528
335

193
342
519

226
476
392

214
438
465

209
526
432

218
527
418

228
461
423

210
484
422

201
505
358

226
476
392

201
521
419

216
554
409

216
483
406

WASTE PAPER
[Thousands of short tons]
Consumptio
Inventories, end of period ...
WOODPULP
[Thousands of short tons]
Production:
Total
Dissolving puip
Paper grades chemical pulp .
Groundwood and thermo-mechanical
Semi-chemical .„.
Inventories, end of period.'
Producers' own use .
Producers' market
Consumers' purchased .
[Thousands of metric tons]
exports, sfl Qf3w&s totcil
Dissolving and special alpha .
Another.
•*-"""-»"

'5,653
759
'4,896

Imports, all grades, total —..
Dissolving and special alpha .,
Another.

'4,673
162
'4513

S * tocraes at wd of tabte*




521
394

209
530

.

™.

425

-

--

I-

SURVEY OF CURRENT BUSINESS

August 1991
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in Business Statistics,
1961-8$

1989

|

S-29
1991

1990

Annual
1990

June

|

July

|

Aug.

| Sept. |

Oct | Nov.

|

Dec

Jan.

PULP, PAPER, AND PAPER PRODUCTS-Continued
PAPER AND PAPER PRODUCTS
[Thousands of short tons, unless otherwise specified]
Paper and board;
Production (API):
Total
Paper
Paperboard
Producer Price Indexes
Paperboard, 1982*100
Building paper and board, 1982=100

6,507
3,251
3,257

6,828
3,484
3,344

6,528
3294
3,234

6520
3,181
3,339

6318
3,338
3,480

6,135
3,009
3,126

'6,569
'3243
3,326

'6,324
'3,166
'3.158

'6,465
'3,192
'3273

135.9
112.2

135.5
111.9

135.0
1112

133.4
110.3

132.9
1093

1343
109.4

1342
109.1

132.8
108.9

132.6
1093

132.0
109.8

' 129.6
1113

1283
112.6

127.0
113.1

126.7
113.0

'1,741

'1,831
'172
'1,764

173
172
142

156
175
152

164
197
147

173
226
137

163
222
168

136
213
151

161
215
147

171
234
145

126
229
133

'154
'239
'148

'127
'233
'135

'142
'244
'137

189
280
142

'7,438
'720
7536

647
717
611

639
721
634

680
733
678

607
693
636

671
693
689

589
643
642

531
591
564

619
551
634

517
522
564

'600
'528

588

'582
'565
'558

• '601
'604
'572

614
592
594

'11,465
'11,475

986
904

899
947

1,019
1,011

936
928

996

888
942

862
930

916
983

784
852

'856
'901

922

,'912

'999
'954

1,001 „„„„„,„„

1,009

'2,681

'2,377
'5,802

208
479

208
482

198
487

208
507

196
477

173
484

202
485

186
459

203
505

207
477

'185

'5,636

198
501

472

195 „„„„„._„
474 „„...—...

9,640
9,607

9,068
9,074

321

315

762
804
316

826
752
391

758
750
399

661
698
362

711
710
363

664
688
340

715
740
315

836
765
386

763
686
462

790
755
498

743
736
506

733
710
529

739 „_„„.„„„
719
550 .

5523
5515

5,997
6,007

519
518
50
996
912

498
509
39

511
506
44

512

519
517
46

519
502
79

521
520
80

1,045

810

951
923

'929

850

1,030
. 780

473
465
50
854
919

523
51

1,017

523
527
42
922
853

'956
'905

508
497
91
929
879

1223 "

1215 *

1223

1272 "*™'127.i

1213

24,495

28,033

193
'7,171

..........

706

„
„..

Unbleached kratt papers:
Shipments
Tissue paper, production

6,744
3,439
3,305

'11,097
'11,081

......

6,556
3279
3277

'1,743

"...

Coated papers:
Orders new ........
.... .....
Orders, unfilled, end of period
Shipments
:

6,452
3,190
3,262

7215

.............. .
»

"78,748
'39,325
39,423

140.1
115.6

Selected types of paper (API):
Groundwood paper:
Orders, new ..........
Orders, unfilled, end of period
Shipments

Uncoated free sheet
Orders, new
Shipments

6.454
..,„
3.172 „
3282 .... „ .

'76.785
38266
38519

-

127.4
113.9

»..»._•

.

919

[Thousands of metric tons, unless otherwise specified]
Newsprint
Canada: t
Production
Shipments from mills
Inventory, end of period

™

......

United States:
Production
Shipments from milts ..••....••* ..*..*.+*.
.................
Inventory, end of period
Estimated consumption, alt users 0 .„«.„.„„.„..„.. ..........
Publishers' stocks, end'of period # ....Imports
!..,
Z!
Producer Price Index, standard newsprint, 1982*100

56

46

489
486
49

12241
749
3
7 676
122.5

12,126

1,005

802

825

508
508
49
960
859

121*6

1222

1*222

Paper products:
Shipping containers, corrugated and solid fiber shipments, mil.
sq. ft sun', area

313,398

316,102

26,512

'26,675

28,115

511

45

1,011

802

907

25,410

30526

24,955

21,412

27,440

24,137

26,967

Stocks, end of period ..
Exports (Bureau of Census)

94.34
860.34
104.1

7352
99.80
77.66
105.4

57.37
10156

74.11
87.18

68.76
9035
82.97
105.4

59.78
84.71
55.67

7555
89.63
81.69

69.78
9434
75.70
1025

2261.37
2,050.97
404.03
*579.08

2,114.53
1,820.78
403.66

171.99
151.63
395.11

171.94
137.11
414.95

180.94
149.54
420.92

180.42
155.63
41936

190.30
17529
404.95

167.35
147.04
393.90

Inner tubes:
Exports (Bureau of Census).

'212,870
261,659
59.347
186.328
15,985

'210,663
260,424
54,192
188,839
17,393

18,186
23,728
5,311
17,066
131

18,555
24,185
4,696
17,785
1,704

17,612
22.595
4,687
16,443

16,077
20203
3372
14,821
1509

13,687
16,946
2329
12.913

1,465

19,965
24,467
5,433
17,306
1,727

39,308
19,118

42,649

47,893

43,492

42,047

41^53

41582

Seefootnotesai end of tattei




2

1,813

t

#

-

27,968

153.14
119.06
403.66

2

l

25,739

1

1022

1015

TIRES AND TUBES

Pneumatic casings:
Production
„.
Shipments, total .
Original equipment
Replacement equipment..
Exports ..

w

119.0

RUBBER

Synthetic rubber: t
Production . „
Consumption
Stocks, end of period
Exports (Bureau of Census) .

>

119.7

[Thousands of metric tons, unless otherwise specified!
866.87
91.98
*887.62
110.3

w

™ _

1263

RUBBER AND RUBBER PRODUCTS

Natural rubber §
Consumption . :
Stocks, end of period
Imports, ind. latex and guayule
U.S. Import Price Index, 1935=100 ....

...1U1II.1IIIII

16,419
24384
4279
18.508

17,017
21237
4,351
15,377
1511

17360
22231
4,691
15,975

1550

16208
19,798
3.713
14,595
1,491

1566

1596

50,051

51,096

51,151

50,725

47204

17375
17.674
3.393
12,731

1205

17,713
18.369
3,738
13,050
1578

42,649

46333

S-30

August 1991

SURVEY OF CURRENT BUSINESS
Annual

Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in Business Statistics,

1991

1990
June | July

| 1990

| Aug. | Sept |

Oct

| Nov.

Dec.

Jan.

Feb.

Mar

|

May | June | July

I Aor.

mm.

1989

n|«>

STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
46,513

44,687

630.8
. . _

631.5

658.1

46,272

556.3

48,159

'.6

42,567

609.9

538.3

"Tsl
36.3
115.4

36.1
115.4

35,379

39,876

115.7

115.7

115.8

"""lib

42.8
115.4

27,239

416.0

16.0

'474,344 '467,211

Shipments,finishedcement, thous. bbf. ..„

25,425

37,688

21,273

23,949

CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face), mil. standard brick
StructuraTtile, except facing, thous. sh. tons Sewer pipe and fittings, vitrified, thous. $h. ions
„ ...
Floor and wall tile and accessories, glazed and ungtazed,
mil. sq. ft . „
_..
„
...
Producer Price Index, brick and structural day tie, 1234*100 .

.0.2

545.3
112.2

477.6
115.1

.„....„.„

18*8
40.4
115.3

38.3
115.4

41.4
115.4

37.1
115.3

115.3

115.9

GLASS AND GLASS PRODUCTS
[Thousand gross, unless otherwise specified}
Flat glass, mfre.1 shipments, thous. $
Glass containers*

r

1.543,242 1,471,447 '382,523

'342,085

380.773

287,511
285,586

25,187
25,223

25,472
25,028

26,141
26,910

25,462
22,827

25,937
24,125

21,882
21,451

18,254
19,668

22,465
20,974

22,420

24,351
22,611

"24,586
'24,736

25,780
26,645

22,010
63,813
83,556
26,059

23,008
61,999
88,551
26,297

2,022
6,000
7,599
2,671

2,101
6,004
7,962
2,202

2.249
6,048
8,024
2.301

1,796
4,931
7,197
1,902

5,077
7,234
Z129

1,388
4,315
6,962
2,009

1,215
3,998
6,159
2,214

1.429
4,219
6,849
1,735

1,707
3,933
6,218
1,670

2,082
4,802
6,930
2,078

'2,082
5,527
6,950
2,373

2,344
6,089
7,636
2,406

67,973

70,767

5,727

5,672

6,959

5,989

6,862

5,633

5,030

5,983

5,532

5,833

'6,671

6,805

13,826
1,318
42,053

Shipments, t o l d " ™
Narrow-neck containers:
Food
Beverage .
Beer
Liquor and wine
Wide*mouth containers:
Food and dairy products
Narrow-neck and wide-mouth containers:
Medicinal and toilet .
Chemical, household, and industrial .„.
Stocks, end of period .

289.704
284,986

13,190
1,174

1,122
82
41,928

5

940
72

876
81

1,045
99
42,860

977
75
40,449

676
83
42,417

70
44,646

782
104
46,088

'1,013
'120
'45,733

44,608

40,449

42,206

41,327

41,078

1,233
132

GYPSUM AND PRODUCTS
[Thousands of short tons}
Production:
Crude gypsum (exc byproduct)
Calcined....
„„Imports, crude gypsum
„„ „ „
Sales of gypsum products:

'15,500
'17,500

'5,170
Calcined:

Industrial plasters
Building plasters, total (ind. Keene's cement) .
[Millions of square feet}
Board products, total ..,...„......_.„.„„._..„»..
Lath
Veneer base .
Gypsum sheathing
Regular gypsum board
Type X gypsum board
Predecorated waliboard....
V\t mobile home board
_
_
Water/moisture resistant board

'20.870
18
475
266

12,523
6,071
113
717
687

TEXTILE PRODUCTS

Manmade fiber and silk fabrics
Inventories held at end of period ............... ..............................

I1

FABRIC
[Millions of linear yards}
Woven fabric, finishing plants:
Production (finished fabric)

=

ZZZ

Manmade fiber and silk fabrics

.................

.............

::::::

—:..::
• • " "

„

- ---

zz:

ZZZ

—

- • •

::::

ocicwoQ Oi Tintshirto orod^s •nHH*i»«iHtHM«*ii»Mmm*iH»»iniH*int»M»m

Manmade fiber and silk fabrics.

:zz:

ZZZ

* * '

-

_. .
•-

COTTON AND MANUFACTURES
[Thousands of running bales, unless otherwise specified}
Cotton (excluding timers):
Production:
Ginnings 0 .
...
,.. _, .......
-..—.. „ „ .„,
Crop estimate, thous. net weight bales §
...................
Consumption .......i..**..*...........„,..*,.«..*».»*.............—-»...«...•.**....*..
Stocks in the United States, total, end of period #
Domestic cotton total
On farms and in transit
.......... —... .......
Public storage and compresses
- «... .. „.....,
Consuming establishments ..........
...................
See footnote* at end of tables.




11384
12,196
*7,444
12,803
1,457
10,762
584

15,064
8,383
11,978
11 978
1,522
9375
531

120
J826
4,337
4337
'485
3,185
667

559
3228
3,228
369
2,187
672

583
680
15374
15974
13,740
1,615
619

2,620
J

835
14,514
14,514
11332
2,451
531

7359
671
13,855
13355
7,210
6,126
519

14,519
* 15,617
J
610
601
13,173
11378
13173
11378
3,729
1322
8330
9,875
514
581
12,436

137
7
7

2.068

6*929
' 7 585
' 7 5,681
' 7 663

„..„..„....

2^23
3500
3.200

o

2.493
707

* • * " * " • " " • "

SURVEY OF CURRENT BUSINESS

August 1991
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in Business Statistics,
1961-88

Annual
1989

S-31

1990
1990

Junt

|

July

1991
Oct.

| Aug.

|

Nov. | Dec.

Fib.

Jan.

|

lUr. | Apr.

llty

June |

July

TEXTILE PRODUCTS-Continued
COTTON AND MANUFACTURES-Conttnued
Cotton (excluding Iinters)-Continued

* 6,704
*5
J

Imports tfwus. net weight bales
Pncetfarm), American upland, cents per fc. 0
Price, Strict Low Middling, Grade 4 1 , staple 34 (VA»"),
average 10 markets, cents per b.

66.4

Spindle activity (cotton system spindles):
Active spindles, last working day, total, milBons
Consuming 100 percent cotton, millions
Spindle hours operated, ail fibers, total, billons
Average per working day, billions
„
Consuming 100 percent cotton, billions

635 "

64.7

65.1

675

655

642

675

$8.5

703

77.1

63.6

795

76.3

71.0

705

695

69.9

705

77.7

775

795

10.3
4.1

10.1
3.9
4.4
.220
1.7

10.0
35
5.3
264
2.0

10.1
4.0
"63
"255
"25

93
3.8
52
260
2.1

93
35
4.7
240
1.8

9.7
3.8
"45
".196
"15

10.7
4.3
80.8
294
27.8

9.7
35
653
254
25.8

255
'2.6

4,589

4,464

1,127

....

110.9

113.8

1095

„..
,.. .,

2175
3628

2062
299.1

52.3
72.0

53.6

742

535
769

4,193.7
3,9903

1.084.8
1.060.7

1.035.4
9625

1,043.4
9832

9.4
17.3

8.7
10.1

83
92

9.4
17.3

10.0
26.0

3642
3403

3042
347.0

374.6
384.7

348.0
3623

3042
347.0

7U

994.0

95
22.4

79.0

48.0

4225.4
4290.3

645

835

Cotton cloth!
Cotton broadwoven goods over 12" in width:
Production (qtrly.), ml sq. yd.
„.....
Orders, unfilled, end of penod, compared with average
weekly production, no. weeks'prod
Inventories, end of period, compared with avg. weekly
production no, weeks'prod
. ..
Ratio of stocks to unfilled orders (at cotton mills), end of

1,087

95
33
155
239
6.3

ZZZ ZZZ

''JEW

z:i:

::::z!

115.0

^33

115.0

1064

1048

Exports, raw cotton equivalent, thous. net weight teles 5
Imports, raw cotton equivalent, thous. net weight bales 5 .......
Producer Price Index, gray cotton broadwovens, 1982*100

115.1

115.1

1123

1125

116.1

116.4

113.6

113.3

'114.1

114.0

1143

ZZZ

—.—

M A N M A D E FIBERS A N D MANUFACTURES
[Masons of pounds}
Fiber production, qtrly:
Acetate filament yarn
Rayon staple, including tow

.. ,,rTT,

Noncellulosic, except textile glass:
StapJe, ind. tow
„
Textile glass fiber
„._
Fiber stocks, producers', end of period:
Acetate filament yarn
,... „.„..
Rayon staple, including tow
.........................................
Noncellulosic fiber, except textile glass:
Yam and monofilaments .................... . .
Staple, ind. tow
„„
Textile glass
fiber
„ ,„...„..„,„.,
[Millions of square yards, unless otherwise specified}
Manmade fiber and silk broadwoven fabrics:
Production (qtrty) total
Filament yam (100%) fabrics
Chiefly rayon and/or acetate fabrics ..........
„. „..,
Chiefly nylon tabrics
........
Spun yam (100%) fabrics
Rayon and/or acetate fabrics blends
PQly^stCf Ol&OuS Wi"u*i COttOn

*••••»»•>

inn

-

Z Z Z IZZI

—

-

_

.

_

„

. _

_

" " 1*15.7

I"J1

265

120.6
12.1

31.7
3.0

1065
295
77.0

71.7
21.4
50.3

43
2.1
2.7

3.J

3.70

256

257

431

3.70

3.42

1763

140.7

i!i
55

42
.6
3.6

£35

£35

225

220

2.1

355

3.43

332

332

3.34

5.0
15
35

2.42

2.35

338

352

i]

1,359.0

3172

[Thousands, unless otherwise indicated]
Women's, misses', juniors* apparel cuttings, qtrty.




16395
181567
8,372
97689
300,907
37,180

16117
168,067
7,332
87474
285.032
36.139

3,842
44336
1.728
22550
76342
9,158

5.
4*;

72
1
5

2.1

1.63

1.67

'2.03

230

3.35

2.09

22

Z.7

236

2775

350.4

5,006
4038
132
22,175
74.71
839

3509
35.098
2.028
2091
64,309
8,195

!".

5.4
15
35

65
12
5.

31.4

356.7

APPAfla

10.
15
8.

38.

32.6

ZLLJ

11*33

32.

305
75
1.3
62

55
1.3
42

38.7

1,3572

ZZZ!

ZZZ!

1130
14.1

1R3

"""1*14.4

1153

ZZZ!

FLOOR COVERINGS

See twtnotss at end of tables.

3442
371.1

zzz: —

in

WOOL AND MANUFACTURES
[Millions of pounds, unless otherwise specified}
Wool consumption, mill (dean basis):
Apparel class „.„„.„......
. . „„.„. .„.»««.......
Carpet dass . ..........
Wool imports, dean yield t
Unimproved and other grades not finer than 46's
48's and finer * „
Wool prices, raw. shorn, dean basis:
Domestic—Graded territory, 64's, staple 2%" and up,
delivered to U.S. mills. $ per b.
1
Australian, 64's, Type 63, duty-paid, price at AustraDan Wool
Corp.. Charleston, SC. $perh
Wool broadwoven goods, exc. felts:
Production (qtrtyl, ml SQ. yd. .-...«.
„-„

Dresses
Suits (ind. pant suits, jumpsuits)
„,..-..
Skirts
. ..
.... Slacks, jeans, dungarees, and jean-cut casual slacks
Blouses thou. doz

911.0

_„„„„„

Acetate filament and spun yarn fabrics
Producer Price Index, gray synthetic broadwovens, 1982*100
[Millions of pounds]
Manmade fiber textile trade:
Exports, manmade fiber equivalent
Yam, tops, thread, cloth „ _
_
Cloth, woven
„ „„
Manufactured prods., apparel, furnishings «
~ « *... ......
Imports, manmade fiber equivalent „ ..
Yam, tops, thread, doth
Cloth, woven
„
Manufactured products, apparel, furnishings „
Apparel, total . . .
lOiitappartil

Carpet tugs, carpeting (woven, tufted, other), shipments,
quarterly, ml sq. yd
. ....

!ZZZ

67^4

8.
1.
6.

230

August 1991

SURVEY OF CURRENT BUSINESS

S-32
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in Business Statistics,
1961-8$

Annual
1989

|

1991

1990
1990

June

Juty

Aug.

|

Sept.

|

OcL

|

Nov.

|

Dec.

Jan.

|

Feb.

June

1*

Mar.

|

July

TEXTILE PRODUCTS-Continued
APPAREL-Contkiued
[Thousands, unless otherwise Indicated}
Men's apparel cuttings, qtrty:
Suits
,
...„..,..•..*,„....,„,.
Coats (separate), dress and sport
Trousers, slacks, jeans, pants, etc
Shirts, dress and sport, thous. dot.
„
Hosiery, shipments, tfwus. doz. prs.

_.

11,187
14,078
461,292
97,725

13396
18,012
470,820
113,085
353,692

2.724
3,517
118,317
27353
27,770

28,280

26,228

2,624
3,604
119.603
23,447
25,003

30,537

27,741

2,566
3,178
112,184
19,936
24,586

27,099

28,551

460
417
707
510
197
75
55
2.4

518
465
790
581
209
8.4
6.1
25

485
434
791
9.0
6.7
25

*794
585
•209
•9.1
6.8
*25

1,304
'957

1,130
920

24,863

25,170

25,623

28,351

1291

1,097

1,862

2,164

411
373
636
479
157
85
6.1
22

436
384
749
545
204
8.7
62
25

TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
[MUSons ofdollars}
Orders, new (net), total...
U.S. Government ..„
Prime contract.,
Sates (net), receipts, or billings, total.
U.S. Government
Backlog of orders, end of period # .
ITS. Government
Aircraft (complete) and pans
Engines (aircraft) and parts
^
Missiles, space vehicle systems, engines, propulsion units,
and parts
Other related operations (conversions, modifications),
products, services
Aircraft (complete)*
Shipments
.............
Exports, commercial ....

"173,635
"80,633
"168,381
"122,148
"72,184
"252,401
"107,797
"131,996
"27,154

'142,685
141,654

3

* 77,516
'264204

J
92,148
'145,833
•» 28233

"33.771

'32,600

"22.092

•M9.819

17,467.3
" 7

"18,444

2,474.7
2,048

2,129.0
1556

2.165.8
1.399

1,323

1,311

1212

627
569

346
322

530
488

542
507

625
585

875
635
240
"9.8
*7.1
*2.7

822
596
226
9.7
7.1
2.6

807
572
235
9.4
65
25

785
585
200
10.1
7.6
2.5

605

65
2.4

438
402
679
486
193
8.6
62
Z4

1,505
-1.316

1.318
1.382
Z3

1,337
1,425
25

1,340
1,404
22

1.483
1.430
2.5

1510
1.397
Z7

1,407
1259

1,431
1,143
2.3

1,360
1.065
2.1

1,371
1.066

1557
'1,032
2.0

335.5
128.1

288.3
84.6
779
300

298.0
632
777
321

293.0
93.1

399.6
127.6

375,1
110.6
683

354.4
945

294.6
67.7

328J
100.1

683
271

590
220

283.3
102.9
744

264

297.6
108.8
675
275

252

319
302

313
297

355
336

253
235

175
155

214
194

202
177

238

300
263

337
302

323
290

431.5
3652
395
26.4
400.6
3335
42.1
25.0

423.4
3643
30.7
275
411.4
356.5
27.3
27.6

391.9
3265
39.5
25.4
383.8
3265
315
25.4

' 3612
310.0
27.7
23.5
392.7
339.3
28.4
245

364.8
307.7
31.5
25.6
370.9
313.4
33.7
235

322.1
275.1
27.0
200
357.0
304.3
30.3
2Z4

318.4
267.1
28.1
232
3342
279.5
31.4
235

2702
229.1
22.5
18.6
300.0
255.4
24.0
20.6

29Z7
250.7
23.6
18.4
3215
271.9
282
21.3

3552
305.8
27.3
22.1
335.0
2872
265
215

3535
304.9
26.6
22.1
332.6
288.5
24.5
19.6

384.8
3355
282
20/
341.0
2955
26.4
19.1

'385.9
3389
265
'205
'3575
309.4
282
M9.8

391.0
338.0
30.8
22.3
362.8
3135
275
21.4

1,166.4
1,1665

1,074.3
1,1165

1,071.1
1,049.7

955.1
9025

9535
9052

960.1
907.6

965.1
912.4

8525
916.7

413

UOTOR VEHICLES (NEW)
[Thousands, unless otherwise specified}
Passenger cars:
Factory sales (from U.S. plants):
Total
Domestic
Retail sales, total, not seas, adj
Domestics § ..
Imports §
Total, seas. adj. at annual rate, millions .
Domestics, millions $

6,807
6,181
9303
7,078

Imports, millions fi .

Retafl inventories, domestics, end of period: 5
Not seasonally adjusted
„_..
Seasonally adjusted .
Inventory-retail sales ratio, domestics 5 ,
Exports (Bureau of Census}, total
To Canada .,
Imports (fTC). complete units .
^ total.
Registrations 0, total new vehicles .
imports, including domestically sponsored .
Trucks and buses:
Factory sales {from U.S. plants):

Domestic 1—IZ1T"**
*
Retail sales:
Total, not seasonally adjusted * ...
0-10.000 lbs. GVW, domestics .,
0-10.000 lbs. GVW, imports * _ „ .
10,001 lbs. GVW and overt . . Total, seasonally adjusted'
0-10.000 lbs. GVW, domestics ..0-10.000 lbs. GVW, imports * „ _
10,001 bs. GVW and overt . „ _
Retail inventories, domestics, end of period:
Not seasonally adjusted »~
Seasonally adjusted @
Exports (BuCensus).„«.
Imports (BuCensus), including separate chassis and bodies ...
Registrations 0, new vehicles, excluding buses not produced
on truck chassis
»-._.
~ ...
«™
Truck trailers and chassis, complete (excludes detachable),
shipments, mxnber
,
Van typ9, number ....«._~»M.».....^.^__.^m_......„.„„.„„«„-.
Trailer bodies (detachable), sold separately, number
Trailer chassis (detachable), sold separately, number

1,669
1,682

Z8
"769.75
56923
"4,042.7

476
193
8.9
6.6
2.3

"1,151.1
'9,853
'3.481

"3.944.6
"1,220.2
9.160
3,486

4,062
3.752

3,719
3.448

4,9415
4,106.4
5042
331.1

4.649.9
3,947.5
404.0

1.1345
1,180.1

1,074.3
1,116.9

1.1932
1,129.5

1,081.6
1,1635

1,073.0
1,168.6

1,095.3
1,192,0

'5,100

4,805

'455

429

419

410

381

343

355

307

290

347

355

379

181,478
130,163

142,921
102,449

12,015
8.551

10,645
7,442

13,128
9,490

11,737
8.481

12J277
8,830

9,465
6,586

8,565
5531

8,715
5,763

8,422
5,562

10,494
7,073

10,641
7.089

10,764
7207

1551

1503

994

976

3,429

1284

744

1219

827

1211

1,638

1,740

298.4

'S61
'324

371

825
325

286

"21128

'1,022.17

RAILROAD EQUIPMENT
[Number, unless otherwise specified]
Freight cars (new), for domestic use; alt railroads and private
car lines (excludes rebuilt cars and cars for export):
Shbments
Equipment manufacturers
Mew Offers
„
„„,
Equipment manufacturers .
Unfilledorders, end of period..
Equipment manufacturers ,
Freight cars (revenue), class I railroads (MR): X
Number owned, end of period, thousands
C^acity (carrying), total, end of month, tni, tons „
Average per car, tons
See footnotes at end o» tables.




29,617
29,617
31,002
31,002
16.691
16,691
59.73
86.87

32,063
32,063
27,197
27,197
11,328
11,328

'7.971
'7,971
'10,990
'10,990
'16,556
'16,556
675
58.79
87.15

7,659
7,659
3,996
3,996
12214
\2J2U

7541
7541
6,655
6,655
11,328
1428

6,397
6,397
5,873
5,873
10,683
10.683

6,003
6,003
5,126
5,126
9,806
9,806

S-33

SURVEY OF CURRENT BUSINESS

August 1991

FOOTNOTES FOR PAGES S-l THROUGH S-32
General Notes for all Pages:
r
p
e
c

Revised.
Preliminary.
Estimated,
Corrected.

Page S-l
t Revised series. See Tables 2.6-2.9 in the July 1990 SURVEY for revised estimates for
1987-89.
X Includes inventory valuation and capital consumption adjustments.
§ Monthly estimates equal the centered three-month average of personal saving as a
percentage of the centered three-month moving average of disposable personal income.
0 See note "0" for p . S-2.

Page S-2
1. Based on data not seasonally adjusted.
0 Effective April 1990 SURVEY, the industrial production index has been revised back to
1977 and has a new base year of 1987. A more detailed explanation of this revision is in the
April 1990 Federal Reserve Bulletin. Historical data are available from the Industrial Output
Section, Mail Stop 82, Division of Research and Statistics, Federal Reserve Board, Washington,
DC 20551.
# Includes data not shown separately.

Page S-3
# Includes data for items not shown separately.
t Effective with the April 1991 SURVEY, M3 data have been revised to benchmark the data
to the 1987 Census of Manufactures and 1988 Annual Survey of Manufactures, and to convert
the series to the 1987 SIC codes. Revisions related to benchmarking affect all categories back
to 1982. Revisions resulting from the SIC conversion affect about half the categories back to
1958. The coverage for some of the series in the market category has been changed.

Page S-4
1. Based on data not seasonally adjusted.
# Includes data for items not shown separately.
t Includes textile mill products, leather and products, paper and allied products, and printing
and publishing industries; unfilled orders for other nondurable goods industries are zero.
<> For these industries (food and kindred products, tobacco, apparel and other textile products,
petroleum and coal, chemicals and allied products, and rubber and plastics products) sales arc
considered equal to new orders.
t See note " t " for p . S-3.

Page S-5
@ Compiled by Dun & Bradstreet* Inc.
# Includes data for items not shown separately.
§ Ratio of prices received to prices paid (parity index).
X See note **$" for p. S-4.
t In the Feb. and July issues of the SURVEY each year, data for the most recent six to eight
years are subject to revise and are available upon request
t t See note "f" for p . S-3.

PageS-6
§ For producer price indexes of individual commodities, see respective commodities in the
Industry section beginning p. S-l9. AH indexes subject to revision four months after original
publication.
# Includes data for items not shown separately.
X Effective with the Feb. 1991 SURVEY, data have been revised back to 1986 and are available
upon request.

Page S-7
1. Computed from cumulative valuation total.
2. Index as of Aug. 1, 1991: building, 413.3; construction, 455.4.
3. Beginning Dec. 1988, series has been discontinued by the Bureau of the Census.
X Effective July 1991 SURVEY, data have been revised back to 1986. Effective July 1990
SURVEY, data were revised back to 1985. Revised data are available from the Construction
Statistics Division at the Bureau of the Census, Washington, DC 20233.
# Includes data for items not shown separately.
§ Data for Mar., May; Aug., and Nov. 1990, and Jan., May, Aug., and Oct. 1991 are for five
weeks; other months four weeks.
O Effective Feb. 1990 SURVEY, data for seasonally adjusted housing starts have been revised
back to 1987. These revisions are available upon request.
@ Effective Feb. 1990 SURVEY, data for seasonally adjusted manufacturers* shipments of
mobile homes have been revised back to 1987.




Address requests for data to:
Business Statistics Branch
Current Business Analysis Division (BE-53)
Bureau of Economic Analysis
U.S. Department of Commerce
Washington, D.C. 20230

t Effective May 1990 SURVEY, data for seasonally adjusted building permits have been revised
back to 1988 and are available upon request.
# Series first shown in the July 1990 SURVEY. The fixed-weighted price index is a weighted
average of the individual price index series used to deflate the Value of New Construction Put in
Place (VIP) series. In calculating the index, the weights (the composition of current dollar VIP
in 1987 by category of construction) are held constant Consequently, the index reflects only
changes in prices. The implicit price deflator is a derived ratio of total current to constant dollar
VIP (multiplied by 100). It is the average of the individual price indexes used in the deflation
of VIP, but the prices are weighted by the composition of VIP each period. As a result, the
implicit price deflator reflects not only changes in prices, but also changes in the composition
of VIP, and its use as a measure of price change is discouraged. Effective July 1991 SURVEY,
data have been revised back to 1986.
t t Effective May 1991 SURVEY, the Boeckh indexes have a new base year of 1987.
i t Effective Sept 1990 SURVEY, the construction cost index for the Federal Highway
Administration has been revised back to 1986 and has a new base year of 1987=100.

Page S-8
1. Advance estimate.
2. Beginning with Feb. 1989 data, associations in conservatorship are excluded.
0 Home mortgage rates (conventional first mortgages) are under money and interest rates
on p. S-14.
§ Data include guaranteed direct loans sold.
# Includes data for items not shown separately.
@ Data are for closed mortgage loans of thrift institutions insured by the Savings Association
Insurance Fund (SAIF)—FSLJC-insured institutions prior to Sept. 1989.
t Effective April 1991 SURVEY, estimates of wholesale sales have been revised back to
January 1988 and wholesale inventories have been revised back to January 1989. Revised data
and a summary of changes appear in the report Revised Monthly Wholesale Trade, Sales and
Inventories January 1984-December 1990, BW90-R, available from the Bureau of the Census,
Washington, DC 20233.
X Effective March 1991 SURVEY, retail trade data have been revised. Estimates of retail sales
have been revised back to January 1988 and inventories have been revised back to January 1989.
(In 1990 data were revised back to 1982.) Revised data and a summary of changes will appear in
thereportRevised Monthly Retail Sales and Inventories, January 1981-December 19901BR90-R,
available from the Bureau of the Census, Washington, DC 20233.

Page S-9
1. Advance estimate.
# Includes data for items not shown separately.
O Effective with the January 1991 SURVEY, the seasonally adjusted labor force series have
been revised back to January 1986. The January 1991 issue of Employment and Earnings contains
the new seasonal adjustment factors, a description of the current methodology, and revised data
for the most recent 13 months or calendar quarters. Revised monthly data for the entire 1986-90
revision period appear in the February 1991 issue of Employment and Earnings.
t The participation rate is the percent of the civilian noninstitutional population in the civilian
labor force. The employment-population ratio is civilian employment as a percent of the civilian
noninstitutional population, 16 years and over.
@ Data include resident armed forces.
X See note " $ " for p. S-8.

Page S-10
O See note " O " for p. S-9.
§ Effective with the Sept 1990 and June 1991 issues of the SURVEY, data have been revised,
respectively back to April 1988 and April 1989, unadjusted, and back to Jan. 1985 and Jan. 1986,
seasonally adjusted, to reflect new benchmarks and seasonal adjustment factors. In addition the
Sept 1990 revision included the conversion of the industry series to 1987 SIC codes. Industry
series affected by revisions in the SIC have been revised back to the inception of the series, to
the extent possible. In addition, all constant-dollar and indexed series were recomputed on a
1982 base. The Sept. 1990 and June 1991 issues of Employment and Earnings contain detailed
descriptions of the effects of these revisions. AH of the revised historical series will be published
in a special supplement to Employment and Earnings. This supplement, when combined with
the historical bulletin, Employment. Hours, and Earnings. United States. 1909-90 will comprise
the full historical series on national data obtained from the establishment survey.

PageS-11
§ See note " § " for p. S-10.
X This series is not seasonally adjusted because the seasonal component is small relative to
the trend-cycle and/or irregular components and consequently cannot be separated with sufficient
precision.
\

S-34

SURVEY OF CURRENT BUSINESS

0 Production and nonsupervisory workers.

Page S-12
§ See note "§" for p. S-10.
0 Production and nonsupervisory workers.
X Earnings in 1982 dollars reflect changes in purchasing power since 1932 by dividing by
Consumer Price Index. Effective Feb. 1990 and 1991 issues of the SURVEY, this series has been
revised, respectively, back to 198S and 1986 to reflect new seasonal factors for the CPI-W.
Revised data are available upon request
§§ Effective with the June 1991 SURVEY, data have been revised back to 1989 and are available
upon request. Wages as of Aug. 1,1991: Common, $19.03; Skilled, $24.93.
t Excludes farm, household, and Federal workers.
@ Effective with the April 1990 SURVEY, the employment cost index is based on June
1989=100, rather than June 1981=100. Historical data for both June 1989 and June 1981 bases
are available from the Bureau of Labor Statistics, Division of Employment Cost Trends, 441 G
Street, N.W., Washington, DC 20212.
XX These series were affected by an error in the Sept. 1990 SURVEY. The stub for 'Transportation equipment" was omitted. Hourly earnings for "Transportation equipment" were shown
following the stub for "Electronic and other electrical equipment". Hourly earnings for "Electronic and other electrical equipment" were shown following the stub for "Industrial machinery
and equipment". Hourly earnings for "Industrial machinery and equipment** were shown following the stub for "Machinery, except electrical", which was the former name for that industry
(SIC 35).
* Series first shown in the July 1991 SURVEY. Wages and salaries arc denned as the hourly
straight-time wage rate or, for workers not paid on an hourly basis, straight-time earnings divided
by the corresponding hours. Straight-time wage and salary rates are total earnings before payroll
deductions, excluding premium or supplemental pay for overtime and for work on weekends and
holidays, shift differentials, and nonproduction bonuses such as lump-sum payments provided
in lieu of wage increases. Production bonuses, incentive earnings, commission payments, and
cost-of-living adjustments are included in straight-time wage and salary rates.

Page S-13
1. Effective Feb. 28, 1989, there was a break in the scries due to the enlargement of the
panel of reporting dealers to 17 and of reporting direct issuers to 36. End of monthfigureson
the old basis are as follows: All issuers, 481,734;financialcompanies, 373,717; dealer placed,
172,330; directly placed, 201387; and nonfinancial companies, 108,017.
2. Average for Dec.
# Includes data for items not shown separately.
§ Excludes loans and federal funds transactions with domestic commercial banks and includes
valuation reserves (individual loan items are shown gross; i.e., before deduction of valuation
reserves).
X Covers 50 States and the District of Columbia. Only regular benefits are included.
@ Average weekly insured unemployment for 12-month period divided by average monthly
covered employment (lagging 4 full quarters for annual figure and 2 full quarters for monthly
figure).
t Effective Oct. 1989 SURVEY, loans by loan type are provided by the Federal Farm Credit
Banks Funding Corporation.
^ Effective with the April 1990 SURVEY, the reserves of depository institutions have been
revised back to 1984 and are available upon request.

Page S-14
1. Data are for fiscal years ending Sept 30 and may includerevisionsnot distributed to the
months.
2. Weighted by number of loans.
3. Beginning Feb. 1988, data suspended by the Farm Credit Administration, which is revising
the information it collects and amending the reports it distributes.
§ Effective Mar. 1990 SURVEY, data have beenrevisedtoreflectnew benchmark and seasonal
adjustments and are available from the Banking and Money Market Statistics Section of the
Division of Monetary Affairs at the Federal Reserve Board, Washington, DC 20551.
# Includes data for items not shown separately.
0 Excludes loans to commercial banks in the VS.
X Rates on the commercial paper placed for firms whose bond rating is Aa or the equivalent

August 1991

@ Small time deposits are those issued in amounts of less than $100,000. Large time deposits
are those issued in amounts of $100,000 or more and are net of the holdings of domestic banks,
thrift institutions, the U.S. Government, money market mutual funds, and foreign banks and
official institutions.
# Includes data for items not shown separately.

Page S-16
1. The railroad average was discontinued by Moody's on July 13,1989. Therefore, the July
averagereflectsonly eight working days.
2. Effective Oct. 3, 1990, the German Democratic Republic (GDR; East Germany) ceased to
exist as a sovereign state and became a part of the Federal Republic of Germany. Accordingly,
effective with the statistics for Oct. 1990, all merchandise imported from or exported to the
former GDR will be included as trade with the Federal Republic of Germany.
3. Beginning Jan. 1991 data, Roadway Services, Inc. will be included in the Dow Jones
Transportation AveragereplacingPan Am Corp. Roadway Services is listed on the NASDAQ
National Market System. Comparability with earlier averages is not affected by this change.
@ See note "4" for p. S-19regardingthe new commodity classification systems introduced
Jan. 1989. Data may not equal the sum of the geographic regions, or commodity groups and
principal commodities, because the revisions to the totals are not reflected in the component
items.
§ Number of issues represents number currently used; the change in number does not affect
the continuity of the series.
X For bonds due or callable in 10 years or more.
# Includes data for items not shown separately.
t Effective with the Mar. 1990 SURVEY, seas. adj. exports and imports have been revised
back to Jan. 1988, and are available upon request

Page S-17
1. Beginning with Jan. 1989 data, undocumented exports to Canada are now included,
resulting in a break with Dec. 1988 data.
2. Beginning Jan. 1989, buses are excluded from "Motor vehicles and parts" and included
in "Other manufactured goods,"resultingin a break with Dec. 1988 data.
3. See note "2" for p. S-16.
@ See note "@" for p. S-16.
t See note "f" for p. S-16.
# Includes data not shown separately.
O Data include undocumented exports to Canada, which are based on official Canadian
import totals.

Page S-18
1. Reported annual total; quarterly or monthlyrevisionsare not available.
2. For month shown.
3. Beginning Aug. 1989, the export and import indexes have been discontinued by the Census
Bureau.
# Includes data for items not shown separately.
§ Totalrevenues,expenses, and income for all groups of carriers also reflect nonscheduled
service.
X The threshold for Class I railroad status is adjusted annually by the Interstate Commerce
Commission to compensate for inflation.
^ Average daily rent per room occupied, not scheduled rates.
## Data represent entries to a national park for recreational use of the park, its services,
conveniences, and/or facilities.
t Before extraordinary and prior period items.
@ Changes in these unit value indexes mayreflectchanges in quality or product mix as well
as price changes,
ft Effective with the Dec. 1989 SURVEY, data for 1981-88 have beenrevisedand are available
upon request
XX Effective with the Mar. 1990 SURVEY, data for 1985-89 have beenrevisedand are available
upon request

Page S-19

Page S-15

1. Reported annual total; monthly or quarterlyrevisionsare not available.
2. Less than 500 metric tons.
3. Figure suppressed because it did not meet Census publication standards.
4. Beginning with 1989 data, merchandise trade data are based upon two new commodity
classification systems; the International Harmonized System and, Revision 3 of the Standard
International Trade Classification and, as a result, data may not be directly comparable to 1988
and earlier years.
5. Data are partially estimated for this quarter and are not available.
6. Beginning in 1991 f data are available only on a quarterly basis.
# Includes data for items not shown separately.
§ Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated
X Effective with the Jan. 1990 SURVEY,revisionsfor 1987-88 are available upon request

1. Beginning Jan. 1989, the primary public offering statistics have been discontinued by the
Securities and Exchange Commission.
2. Effective April 1991 SURVEY, the Security Markets series have been discontinued.
t Effective Feb. 1991 SURVEY, the money stock measures and components have been revised
and are available from the Banking Section of the Division of Research and Statistics at the
Federal Reserve Board, Washington, D.C. 20551.
XX Includes ATS and NOW balances at all depository institutions, credit union share draft
balances, and demand deposits at thrift institutions.
0 Overnight (and continuing contract) RP's are those issued by commercial banks to the
nonbank public, and overnight Eurodollars are those issued by Caribbean branches of member
banks to U.S. nonbank customers.

1. Reported annual total; monthly or quarterlyrevisionsare not available.
2. Quarterly data are no longer available.
3. See note 4 for p. S-19.
4. Beginning in 19911 data are available only on a quarterly basis.
§ Data are not wholly comparable from year to year because of changes from one classification
to another.
@ Includes less than 500 electric generation customers not shown separately.
X Effective with the Jan. 1990 SURVEY,revisionsfor 1987-88 are available upon request
0 Effective with the Dec. 1989 SURVEY,revisionsfor 1987-88 arc available upon request

XX Courtesy of Metals WeeL

@ Average effective rate
t Effective May 1990 SURVEY, the consumer installment credit series have beenrevisedback
to 1980 to incorporate new information and updated seasonal adjustment factors. These revisions
are available upon request
* Series first shown in the June 1990 SURVEY.
ft This series, first shown in the June 1990 SURVEY,representsthe outstanding balances of
loans that the loan originator has sold and are no longer carried on the loan originator's books.
The loans are pooled and securities are issued on the pools.




Page S-20

Page S-21
1. Previous year's crop. New crop is not reported until Sept. (crop year. Sept. 1-Aug. 31).
2. Crop estimate for the year.
3. Stocks as of June 1.
4. Stocks as of June 1 and represents previous year's crop; new crop not reported until June
(beginning of new crop year).
5. Series has been discontinued.
6. Stock estimates are available once a year as June 1 stocks and shown here in the May
column and (as previous year's crop) in the annual column.
7. Stocks as of Dec. 1.
8. Sec note 4 for p. S-19.
§ Excludes pearl barley.
@ Quarterly datarepresentthe 3-month periods Dec.-Feb., Mar.-May, June-Aug., and SeptNov. Annual data represent Dec.-Nov.
t Coverage for 21 selected States, representing approximately 85 percent of U.S. production.

PageS-22
I. See note 4 for p. S-19.
§ Cases of 30 dozen.
# Series first shown in the Jan. 1991 SURVEY.

Page S-23
1. Crop estimate for the year.
2. Reported annual total; revisions not distributed to the months.
3. Data suppressed because they did not meet Census publication standards.
4. See note 4 for p. S-19.
5. Data withheld to avoid disclosing figures for individual companies.
6. Beginning in 1991, data are available only on a quarterly basis.
# Totals include data for items not shown separately.

Page S-24
1. Reported annual total; monthly revisions are not available.
2. See note 4 for p. S-19.
3. Less than 500 tons.
4. Beginning in 1990, monthly data have been discontinued. Annual data will continue to
be available.

Page S-25
1. Reported annual total; monthly revisions are not available.
2. For month shown.
3. Effective with Jan. 1989, import data are for consumption; earlier periods of data are
general imports. See also note 4 for p. S-19 regarding the introduction of new classification
systems.
.',-..
4. Beginning in 1990, monthly data have been discontinued. Annual data will continue to
be available.
,
@ Includes foreign ores.
§ Source: Metals Week,

Page S-26
1. Reported annual total; monthly revisions are not available.
2. Less than 50 tons.
'
3. See note 3 for p. S-25.
4. Break in comparability beginning Jan. 1, 1991, because of a change in the Metals Week
pricing series for zinc.
^ Includes secondary smelters* lead stocks in refinery shapes and in copper-base scrap.
t Source for monthly data: American Bureau of Metal Statistics. Source for annual data:
Bureau of Mines.
# Includes data not shown separately.
f Effective April 1991 SURVEY, the materials handling index has been revised back to 1982
and now includes lift trucks. The index also includes new orders for automatic guided vehicles,
automated storage and retrieval systems, below hook lifters, cranes, hoists, monorails, racks,
shelving, casters and floor trucks, and conveyors. Revised data are available upon request
@@ Price represents North American Mean.
<> Effective with the Sept. 1990 SURVEY, the new orders index numbers have been converted
S
to a new base year of 1987*100. Data back to 1988 are available upon request

Page S-27
1. Annual total includes revisions not distributed to the months.
2. See note 4 for p. S-19.
3. Beginning in 1990, quarterly data have been discontinued. Annual data will continue to
be available.
4. Beginning with May 1991 data, monochrome production numbers arc no longer included.
# Includes data for items not shown separately.
§ Includes nonmarketable catalyst coke.




S-35

SURVEY OF CURRENT BUSINESS

August 1991

O Includes small amounts of "other hydrocarbons and alcohol new supply (field production),"
not shown separately.
XX March, June, September and December arefive-weekmonths. All others consist of four
weeks.

Page S-28
1. Reported annual total; revisions not allocated to the months.
2. See note 4 for p. S-19.
3. Beginning May 1991, the leaded gasoline price is not statistically valid for publication.
# Includes data for items not shown separately.

PageS-29
1. Reported annual total;revisionsnot allocated to the months.
2. See note 4 for p. S-19.
^ Source: American Paper Institute. Total U.S. estimated consumption by all newspaper
users. See also note "f" for this page.
§ Effective with the October 1990 SURVEY, data have been revised back to 1989 to reflect
adjustments made by the Rubber Manufacturers Association's Rubber Statistical Committee.
X Effective with the October 1990 SURVEY, synthetic data consisting of Butyl, polyisoprene,
polychloroprene, silicone, and other elastomers have been revised in keeping with data provided
by the Census Bureau's MA30A report beginning in 1990. Also see note **§" on this page.
# Compiled by the American Newspaper Publishers Association.
t Effective with the March 1990 SURVEY, Canadian newsprint statistics have been revised
back to Jan. 1982 to exclude supercalendered and some soft-nip calendered paper that was
originally classified as newsprint and is now classified as uncoated groundwood papers. This
revision also affects estimated consumption. Revised data are available upon request

Page S-30
1. Reported annual total; revisions not allocated to the months.
2. Data are being withheld to avoid disclosing data from individual firms.
3. Data cover five weeks; other months, four weeks.
4. Beginning Jan. 1989, sales of industrial plasters are included with building plasters.
5. Jan. 1,1991 estimate of the 1990 crop.
6. Total for crop year, Aug. 1-Jul. 31.
7. Beginning in 1991, data are available only on a quarterly basis.
# Includes data for items not shown separately.
O Cumulative ginnings to the end of month indicated.
§ Bales of 480 lbs.

Page S-31
1. Less than 500 bales.
2. Annual total includes revisions not distributed to the months.
3. Average for crop year, Aug. 1-Jui. 31.
4. Forfiveweeks; other months four weeks.
5. See note 4 for p. S-19.
6. Beginning in 1990, data are available only on a quarterly basis.
7. Beginning in 1991, data are available only on a quarterly basis.
O Based on 480-lb. bales, preliminary price reflects sales as of the 15th; revised price reflects
total quantity purchased and dollars paid for the entire month (revised price includes discounts
and premiums).
-v
§ Bales of 480 lbs.
t The total may include some miscellaneous wool imports.
* Series first shown in the July 1990 SURVEY.

Page S-32
1. Annual total includesrevisionsnot distributed to the months.
2. Production of new vehicles (thous. of units) for July 1991: passenger cars, 358; trucks
and buses* 225.
3. Data are reported on an annual basis only.
4. See note 4 for p. S-19.
5. Beginning Jan. 1989, shipments of trailer bodies are included with trailer chassis to avoid
disclosure of data from individual firms.
6. Effective with the August 1990 SURVEY, data have been revised back to 1987 and are
available upon request
7. Data withheld to avoid disclosingfiguresfor individual companies.
# Total includes backlog for nonrelated products and services and basic research.
§ Domestics comprise all cars assembled in the U.S. and cars assembled in Canada and
imported to the U.S. under the provisions of the Automotive Products Trade Act of 1965. Imports
comprise all other cars.
<> Courtesy of R.U Polk & Co.; republication prohibited. Because data for some States are
not available, month-to-month comparisons are not strictly valid.
* Series first shown in the August 1990 SURVEY.
t Includes some imported trucks over 10,000 lbs. GVW.
X Excludes railroad-owned private refrigerator cars and private line cars.
@ Effective with the Mar. 1991 SURVEY, seasonally adjusted retail inventories for trucks and
buses have been revised back to 1989, and arc available upon request

SURVEY OF CURRENT BUSINESS

S-36

August 1991

Index to Current Business Statistics
Sections

16-18
18,19

Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment

19,20
20
20-23
23
23.24
24-27
27,28
28, 29
29
30
30-32
32

1-6
5,6
7,8
8.9
9-13
13—16

32-35

Footnoted.

Individual Series
Advertising
Aerospace vehicles
Agricultural loans
Air carrier operations
Air conditioners (room)
Aircraft and parts
Alcohol, denatured and ethyf
Alcoholic beverages
Aluminum
Apparel
Asphalt
Automobiles, etc.

8,12
32
13
18
27
4,5,32
19
8,20
25
2,4-6, 8-12,31, 32
28
2-4.6,8,9,14,15,17,32

Banking
Barley

13,14
21
27
22
8,17, 20
3-5
15,16
26
30
2,4,5
7
7
5
2,3
21

Battery shipments.
Beef and veal
Beverages
Blastfurnaces, steel mills .
Bonds, issued, prices, safes yields
Brass and bronze
Brick
Building and construction materials
Building ccsts
Building permits
Business incorporation (new), failures
Business sales and inventories
Butter

Carpets
31
Cattle and calves
22
Cement
30
Chain-store sales, firms with 11 or more stores
9
Cee
Cheese
21
Chemicals
C h l
2-4,10-12.15,17,19,20
Cigarettes and cigars
23
Clay products
2-4,30
doming (see apparel)
CoaJ
2,27
Cocoa
22
Coffee
22
Coke
27
Combustion, atmosphere, healing equipment
26
Communication
15,19
Construction:
Contracts
7
Costs
7
Employment, unemployment, hours, earnings
10-12
Housing starts
7
New construction put in place
7
Consumer credit
14
Consumer goods output, index
1,2
Consumer Price Index
5,6
Copper and copper products
25,26
Com
21

Costof living (see Consumer Price Index)

5,6

Cotton, raw and rnanufaetures
Credit, commercial bank, consumer
Crops
Crudeoii
Currency in circulation
Datry products
Debt, U.S. Government
Deflator. PC £
Department stores, sates, inventories
Deposits, bank
Dishwashers and disposers




1
20
1.15
8,9

Disposition of personal income .

General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
Labor force, employment, and earnings...
• «• i w I M I
Bnance
Foreigntrade of the United States
Transportation and communication

5,30,31
14
6,21-23,30
3,27
15
;

5, IV
14
1
9
13,15
27

Dividend payments
Drugstores, sales
Earnings, weekly and hourly
Eating and drinking places
Eggs and poultry
Electric power
Electrical machinery and equipment
Employee-hours, aggregate, and indexes
Employment and employment cost
Exports (see also individual commodities)
Failures, industrial and commercial.
Farm prices
Fats and oils
Federal Government finance
Federal Reserve System
Federal Reserve member banks"...
Fertilizers
Rsh
Flooring, hardwood
Flour, wheat
Fluid power products.
Food products
Foreign trade (see also individual commod.)
Freight cars (equipment)
Fruits and vegetables
Fueloil
Fuels
Furnaces
Furriture
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gypsum and products

12
8.9
5, 22
2,20
2-5,10-12,15,27
11
10-12
16-18
5
5,6
17
14
13
13
19
22
24
22
26
2-6,8,10-12,15,17,20-23
16-18
32
5
6,28
2, 6,17, 27,28
27
2, 6.8-12
'
2,6, 20
28
30
19
14
5,21,22
9
30

Hardware stores
;
Heating equipment
Help-wanted advertising index
Hides and skins
Hogs
Home loan banks, outstanding advances
Home mortgages
Hotels, motor hotels, and economy hotels
Hours, average weekly
Housefumishings
Household appliances, radios, and television sets
Housing starts and perrrits
Imports (see also individual commodities)
Income, personal
Income and employment tax receipts
Industrial production indexes:
By Industry
By market grouping
Instalment credit
Instruments and related products
Interest and money rates
Inventories, manufacturers' and trade
lnventory*sales ratios
Iron and steel

8
26
12
6
22
8
8
18
11
2,4-6,8,9
27
7
17,18
1
14
1,2
1,2
14
2-4,10-12
14
3,4,8,9
3
2,15,24,25

Labor force
9,10
Lamb and mutton
22
Lead
26
Leather and products
2.6,10-12,23
Livestock
5,22
Loans, real estate, agricultural, bank (see also Consumer credit)
8,13
Lubricants
28
Lumber and products
2.6,10-12,23,24
Machine tools
26
Machinery
2-«, 10-12,15,17,26,27
1
Manufacturers sales (or shipments), inventories, orders
3-5
Manufacturing employment, unemployment, production workers,
hours, earnings
10-12
Manufacturing production indexes
1,2
Meat animals and meats
5,22
Medical care
6
Metals
2-6, 10-12,15, 24-26
MIk
21
Mring
2,10-12
Mobile homes, shipments, installment credit
7,14
Monetary statistics
15
Money and interest rates
14
Money supply
15
Mortgage applications, loans, rates
8,13,14
Motor earners
18
Motor vehiries
2-4, 6, 8,9,15,17,32

National parks, visits
Newsprint
New York Stock Exchange, selected data
Nonferrous metals
Oats...
Oils andfats
Orders, new and unfilled, manufacturers1
Outlays, U.S. Government

18
29
16
2,4,5,15,25,26
21
17
4,5
14

Paintand paint materials
20
Paper and products and pulp
2-4,6,10-12,15, 28, 29
Parity ratio
5
Passenger c a r s . . .
2-4.6,8,9,15,17.32
Passports issued
18
Personal consumption expenditures
1
Personal income
1
Personal outlays
1
Petroleum and products
2-4,10-12,15,17,27,28
Pig iron
24
Plastics and resin materials
20
Population
9
Pork
22
Poultry and eggs
5.22
Price deflator, implicit (PCE)
\
Prices (see also individual commodities)
5,6
Printing and publishing
2,10-12
Private sector employment, hours, earnings
10-12
Producer Price Indexes (see also individual commodities)
E
Profits, corporate
15
Public utilities
1,2, 7,15,16,20
Pulpand pulpwood
28
Purchasing power of the dollar
6
Radio and television
8,27
Railroads
13,16.18, 32
Ranges and microwave ovens
27
Rayon and acetate
31
Real estate
8,13
Receipts, U.S. Government
14
Refrigerators
27
Registrations (new vehicles)
32
Rent (housing)
6
Retail trade
2,3,5,8-12,14,32
Rice
21
Rubber and products (incl. plastics)
2-*, 6.10-12,29
Saving, personal
Savings deposits
Savings institutions
Securities issued
Security markets
Services
Sheep and lambs
Shoes and other footwear
Slver
Spindle activity, cotton
Steel and steel manufactures
Slock market customer financing
Stock prices, yields, sates, etc
Stone, clay, glass products
Sugar
Sulfur
Sulfuric add
Superphosphate
Synthetic textile products
Tea Imports
Telephone carriers
Television and radio
Textiles and products
Tin
Tires and trmertubes
Tobacco and manufactures
Tractors
Trade (retail and wholesale)
Transit lines, urban
Transportation
Transportation equipment
Travel
Truck trailers
Trucks
UnempJoymt-tt and Insurance
U.S. Government bonds
U.S. Government
Utilities
Vacuum cleaners
Variety stores
Vegetables and fruits

1
13
8,14
15
15,16
6,10-12
22
23
14
31
24,25
15
16
2-4,10-12,15,30
23
19
19
..
19
31

finance

23
jg
27
2-4,10-12', 15,30-32
26
29
'2-4 10-12 33
'27
*.'. *2,3*, *5,8-12,32
' '
^
6,10-12J5,16,18
2-s, 10-12,15,17,32
ig
*'
32
**
2,32
9,10,11
11
u
2,6,7,15,16,21
t
j
\

Wages and salaries
Washers and dryers
Water heaters
Wheat and wheat flour
Wholesale trade
Wood pulp
Wool and wool manufactures

it 1
2
2
21 2
2,3,5,8.10-1
2
3

Zinc

s...

2