Full text of Survey of Current Business : August 1991
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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— $52.00. Single copy—$6.50 domestic, $8.13 foreign. Mail subscription urders and address changes to the Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402. 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) (*) 8 -28 1,722 -437 (D) 2 (D) -23 -3 8 141 <°> (°) 5 C) 449 116 150 (D) 8 -34 -368 (*) -65 -112 -61 -88 -35 -447 2,049 -23 -2 -2 ft -8 (D) -19 -173 -150 -110 (°> (D) -288 -96 -249 91 -242 ( D ? 8 303 300 -24 27 79 8 20 52 4,779 (D) -639 -73 4,984 60 -114 -34 -227 8 (-2) _2 (P) -1 205 209 -1 -3 < > -161 C) -33 1 32 -160 (°) 3 -38 46 42 -46 214 — 8 562 9 -23 -260 -36 -57 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 (°) 23 -42 0 66 D (°) -140 -7 -38 -1 32 -133 2 -185 49 -112 ( ? D () (°) 585 60 (*) 521 <°) (°) -9 -1 (°) -15 10 261 Machinery, except electrical 78 -638 243 -514 ft ft -488 -43 -12 160 -631 -635 -88 ft (°) 316 319 ^25 <0 ° > -36 -19 (D) (D) 531 531 1 (D) 5 450 0 -1 3 (D) •a 1 ft (D) Chemicals and allied products 325 296 93 1,003 947 256 254 1,192 1,180 (D) ~6 124 8 8 ft -100 1 0 0 <*> (D) 0 D ( ) 15 1 I 0 (*) 14 0 15 10 8 0 2 -217 (D) 8 36 -16 -267 10 -7 68 109 ft (*) 0 11 ft 0 0 ft -3 3 0 ft 0 3 P) 56 15 ft ft 8 12 ft ft (D) 1 2 (*) (*) 0 (*) h ft (°> (> * ft 0 I t 0 ft 2 1 (D) 0 D ( ) 1 0 0 1 o -2 -2 _1 -2 -5 0 45 47 8 -48 -4 0 -43 ( 8 8 -5 0 -1 -1 0 (*) -2 0 0 0 ft 0 -58 (*) -76 8 15 ft -174 (D) 7 0 _1 -U17 0 -24 -7 0 ft ft9 ft (D) (*) 0 (D) -108 l n $ (D) 136 ft ft 54 0 0 0 o (*) 0 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13 <3 -1 ft ( *8 8 8 0 ft 23 18 8 ft ft 0 0 0 0 0 (D) 0 o 0 (°) (*) (D) -12 -254 p) 9 (*) 8 -7 (*) -145 0 2 3 2 5 ft 5 -5 (P) ft ft (°) Other industries 26 38 (°) 13,183 8^20 356 611 (D) (°) 203 -114 444 -298 Finance (except banking), Services insurance, and real estate Banking 212 193 7,773 7,933 148 (°) (°) (°) 35 35 495 343 328 _1 0 1°) (D) o 0 (*) e! -43 5 (D) 137 11 1 85 0 -268 19 -20 212 (°) 0 -86 -161 -2 (P) (*) (°) p)0 0 0 (°) § (°) -17 (D) -150 (?) 0 (*) 0 0 (°) § (°) 17 5 C) 8 8 (°) (°) D ( ) -204 26 (°) (°i (*) (°) (°) 8 1 _4 -17 (°) 57 8 - lD i 8 0 o 0 -3 (°) -2 -2 -2 0 (°) -4 1 8 ft 4 0 0 Si -89 -30 ft .............. 0 0 0 0 0 -69 0 C 0 -34 (°1 3 -14 0 -11 ^1 C O 11 0 0 0 0 0 0 0 0 0 0 P) (°) 47 (*) (°) -2 0 0 0 0 0 0 e) <°) 0 (*) 3 H 19 12 ( ) -10 D (D) (3 (D) -1 15 8 (Pi 8 (P) (°) (°) o 0 <P) (°) D (> 0 (°) (°) (D) o (D) <> ° (°) 24 -3 -5,004 8 (°) 8 0 (*) 0 0 0 0 0 0 0 0 o 0 c -35 14 -9 (*) -31 (°) (°) -1 -28 (D) 0 6 1 12 (D) (D; 2 ( D J (D: <> ° -66 0 0 C11) s —H —2 -& 2( 8 18 -56 0 105 -1 (°) -36 0 0 w 6 i i 6 61 (D) 0 ( -1 -40 -70 4 -63 -11 24 57 -9 -33 ( 3 0 (D) 8 8 8 8 77 (Dl , (D) 3 11 ( 8 22 <> P ^* (°) («? -61 -15 1 2 -15 0 0 0 2 0 8 -17 -111 I? 4^63 0 c (D) 4 (°) 0 0 (D) 55 (•) 8 0 -100 193 194 (D) \ ) 0 8 -18 -18 C) <P) 5,053 0 0 0 0 0 0 ~0 0 7 75 (*) -1 -64 -13 0 0 8 (P) 0 % I -2 -157 0 0 ( ) — 5 D 13 (•) 0 0 (°) 1 7,072 0 (D) <> ° (*) 0 0 i 469 (D) (°) (D) -58 0 0 0 ((°)) 8 P) -53 45 -84 0 130 130 8 D3 4,964 -50 -64 _3 0 14 14 0 1 0 0 D ( ) _1 8 - 12 -32 Q Q -7 0 S -26 ft -1 -11 (°) ft 3 0 (*) -1 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 -6 1,423 922 859 40 23 5,179 3,151 1,971 -39 1,438 164 146 8 236 15 1,125 1,020 46 59 55 0 13 6 214 1 189 24 'V 5 42 (*) 1 (l 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 o 183 23 68 8 445 294 154 7 47 47 429 195 10 298 375 321 688 86 5 1 <> ° (*) 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 -7 57 1 54 179 7 (*) 0 -1 1 8 -3 2 289 428 397 9 23 1,245 29 110 89 2 19 492 746 372 385 320 9 171 258 21 32 -1 -4 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 0 0 0 (*) 0 0 2 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 -1 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 l 180 405 197 116 12 91 91 -66 5 3 -12 26 13 10 86 41 11 35 209 21 58 589 168 (D 55 70 2 8 & (F) -629 70 752 (*) -1,938 (*) 472 K -V. 23( o (* (* 0 16 1^ 1 0 0 1 o 0 0 787 51 147 0 0 0 61 86 4; & ( ( < 16 48 65 1,085 607 -55 128 6 90 25 446 31 41] 0 0 0 { 172 136 -4: c isi % 18 56 51 2 2 -40 0 C 1 { 91 131 126 -14 18 10J I 1 (*) 17C 8 (*) 51 184 85 2 1 1 44 46 5 1,187 0 1 4 7 c -1 59 125 106 4 (*) 3 1 95 2 2 0 366 Jj 13 0 0 1 0 1 0 11 0 8 5 950 1,247 20 0 -13 (*) i 363 0 1 -3 822 716 10 -25 4 53 -3 1 n 48 11 3,435 2,188 63 9 184 317 1 <D) 120 9 188 1,525 1,087 587 278 271 2 -1 21 79 -1 -1 10 0 74 1 -1 88 7 61 1 301 290 (*) 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 C 3 2 24 170 (*) 672 40 123 364 5,434 -2 246 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