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DECEMBER 1970 / VOLUME 50 NUMBER IH ^H
SURVEY OF
CURRENT BUSINESS
DECEMBER 1970 / VOLUME 50 NUMBER
12
SURVEY OP CURRENT BUSINESS
CONTENTS
THE BUSINESS SITUATION
Summary
Recent Financial Developments
National Income and Product Tables
Plant and Equipment Expenditure Programs
Manufacturers5 Inventory and Sales Expectations,
Fourth Quarter 1970 and First Quarter 1971
1
3
8
12
16
ARTICLE
The U.S. Balance of Payments: Third Quarter 1970
18
NEW OR REVISED SERIES
New Passenger Cars—Retail Sales and Inventories9 1958-69
National Income and Product Accounts: Supplementary
Historical Statistics
43
U.S. Department of Commerce
Maurice H. Stans / Secretary
Rocco C. Siciliano / Under Secretary
Harold C. Passer / Assistant Secretary
for Economic Affairs
Office of Business Economies
George Jaszi / Director
Morris R* Goldman / Associate Director
Lora S. Collins / Editor
Leo V. Barry, Jr. / Statistics Editor
Billy Jo Hurley / Graphics
STAFF CONTRIBUTORS TO THIS ISSUE
Lora S. Collins
David T. Devlin
Anthony E. Gallo
Marie P. Hertzberg
Donald A. King
Genevieve B. Wimsatt
44
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index (Inside Back Cover)
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the BUSINESS SITUATION
months, the strong underlying demand
for new residences has been evidenced
in a rapid increase in housing starts
(chart 1).
The impact of the strike settlement
will not be visible in the economic
indicators until the data for December
are available. In November, the Federal
Reserve index of production fell 0.6
percent as a result of declines in the
output of business and defense equipment and of industrial materials, espe1 RODUCTION resumed at General cially steel. Auto production was little
Motors Corp. in ]ate November, marking changed—following steep declines in
the end of a strike that had lasted more both September and October—and the
than 2 months. The shutdown resulted
in the loss of a very substantial amount
of output, and distorted most major
CHART 1
indicators of economic activity. The
distortions will continue this winter as
New Private Housing Units Started
at least some of the strike loss is Million Units (ratio scale)
recouped in an acceleration of activity. 2.0
Thus, in the closing months of 1970 and
Total
the early months of 1971 it is far more
difficult than usual to assess the basic 1.5
trends in the economy.
In terms of quarterly measures, it
seems certain that the real volume of
production is down in the current 1.0
period because of the strike. The value .9
of national output in current prices will .8
show some expansion, however. The .7
available evidence on consumer demand
suggests a moderate strengthening, .6
abstracting from the effects of the
strike. Retail sales volume at nondurables outlets has been expanding fairly
steadily for some months, and was
apparently continuing to grow in November. Capital investment is sluggish,
however, and governments at all levels
seem to be contributing only modestly
1963
64
65
66
67
68
69
70*
to overall demand expansion. The one
Seasonally Adjusted at Annual Rates
sector of clear strength is residential
* Oct.-Nov. average plotted for fourth quarter.
construction. As financial conditions
Data: Census
have turned markedly easier in recent U.S. Department of Commerce, Office of Business Economics
70-12-1
The auto industry shutdown resulted
in the loss of a substantial amount of
output, and distorted most major indicators of economic activity. It seems
certain that the real volume of output is
down this quarter because of the strike,
but it is currently far more difficult than
usual to assess the basic trends in the
economy.
output of other consumer goods was
also stable. Although the auto shutdown
did not contribute directly to the decline
in overall production last month, the
indirect effects of the strike—which
are very difficult to quantify—were
probably an important depressing influence. The strike undoubtedly contributed to last month's weakness in
labor markets as well. The unemployment rate rose from 5.6 to 5.8 percent
as the civilian labor force was unchanged
(seasonally adjusted) while total civilian
employment dropped about 150,000
(chart 2). Nonf arm payroll employment
also fell noticeably in November, although the decline was less than half
as large as that in October. The November decline centered in the durable
goods industries. The average nonfarm
workweek in November was unchanged
at 36.9 hours.
Reflecting the weakness in labor
markets, personal income rose in November only $2)<5 billion at a seasonally
adjusted annual rate. The increase,
which about offset the October decline,
resulted from a rise in wage and salary
income amounting to $1% billion and
small pluses in most of the nonwage
components of income. The rise in
wages and salaries centered in government and the service industries; payrolls in the commodity producing and
distributive industries were unchanged
from October.
Housing recovery continues
The recovery in homebuilding activity continued in November as private
housing starts rose nearly 8 percent to
a seasonally adjusted annual rate of
1
SURVEY OF CURRENT BUSINESS
1.69 million units. The October-November average was 1.63 million units,
nearly one-third higher than the rate
last April and May. The recovery since
last spring has been somewhat more
pronounced for starts in multifamily
structures than for single family homes,
but by the fall starts of both types
were back close to the rates recorded
about 2 years ago.
As is well known, credit stringencies
in 1969 were responsible for a severe
contraction in homebuilding activity,
and that decline added to the already
large backlog of demand for new
housing. Vacancy rates, which declined
sharply from 1965 to 1968, have since
held at very low levels. Given these
CHART 2
Employment and Unemployment
Million Persons
84
CIVILIAN LABOR FORCE
82
Totak
80
conditions, it took only some mild
easing in financial conditions earlier
this year to launch a strong recovery
in starts.
Mortgage interest costs are typically
slow to adjust to easing in credit
conditions, and by mid-December had
not declined much from the peaks
reached earlier this year. However,
with short-term interest rates falling
sharply, the financial intermediaries
have once again been able to compete
effectively for deposits, and this has
greatly improved the availability of
funds for mortgage lending. In the case
of the savings and loan associations,
the most important mortgage lenders,
savings flows have been strong since
early spring. In the 4 months ending in
October (the latest date for which data
are available) deposit growth was at a
seasonally adjusted annual rate of $16
billion; this compares with a $6 billion
rate in the first 6 months of this year
and only $4 billion for full year 1969.
The improved flow of funds to the
S & L's has been reflected in a strong
recovery in commitments for mortgage
lending and in an accelerated expansion
in mortgage debt holdings.
Capital investment stable
78
76
Employed
74
72
6
Unemployed
Percent
UNEMPLOYMENT RATE
1966
1967
1968
1969
1970
Seasonally Adjusted
Data: BLS
U.S. Department of Commerce, Office of Business Economics
70-12-2
Capital spending is not expected to
provide any thrust to economic expansion over the near term. Findings of
the latest survey taken by OBE and the
Securities and Exchange Commission
indicate that aggregate spending in the
first half of 1971 will be equal to the
figure in the current half year, which is
up about 3 percent from this year's
first half. (The detailed findings are on
pages 12-15.) The outlook beyond next
year's first half is unclear, but excess
capacity is widespread and this will
militate against any marked boost in the
spending rate.
If expectations for the current quarter prove to be generally correct, 1970
spending will total about 6^ percent
above the 1969 figure—implying that
the real volume of the investment is
probably slightly larger this year than
last. Capital spending has held up well
in 1970, relative to the pattern in past
periods of contraction in the economy.
During the course of the year, however,
there have been steep cutbacks in
December 1970
spending programs. In February, the
initial OBE-SEC survey of 1970 plans
indicated a rise of nearly 10 percent
from 1969. The surveys taken in May
and August showed that actual spending was falling short of expectations
while plans for the future were being
trimmed. By the fall of the year,
business had apparently completed the
the bulk of the adjustment to more
realistic investment programs and
spending in the third quarter was in
fact slightly above expectations rather
than below.
When the economy weakens, the
impact on durable goods manufacturing
is generally particularly heavy. This
has been true in 1969-70, and it is
therefore not surprising that large
downward revisions in 1970 spending
plans were reported throughout the
durables manufacturing group. Programs in nondurables manufacturing
were also trimmed during 1970, but
the cuts were neither so deep nor so
pervasive as those in the durables
group. On the other hand, total spending planned by nonmanufacturing industries—which accounts for about 60
percent of plant and equipment outlays—has not been revised during 1970.
However, there were some sizable adjustments within the group: the surface
transportation industries—railroads and
truckers—made very large downward
revisions, while the airlines and communications firms (principally telephone companies) made large upward
revisions.
Spending by manufacturers, which
declined from the first to the second
half of 1970, is expected to drop a bit
more in the first half of 1971. Declines
are expected throughout the manufacturing industries, including some in
which spending has been strong in
1970, such as nonferrous metals, electrical machinery, food, and chemicals.
Among the very few manufacturing
industries expecting appreciable gains
are motor vehicles and rubber, both of
which have reported sharp declines
during 1970. Outside manufacturing,
aggregate capital spending will grow
very modestly in next year's first half.
The utilities, which account for about
25 percent of the nonmanufacturing
total, face severe capacity pressures
December 1970
SURVEY OF CURRENT BUSINESS
restrictive monetary policy pursued markets are reflected in a dramatic
during 1969 and into 1970. In the period gain in the role of commercial banks in
of severe credit market strain, many the credit process. In the third quarter,
borrowers issued short-term liabilities banks were responsible for about 60
which they are now attempting to percent of the funds raised in financial
replace with long-term debt; moreover, markets, compared with a share of
Recent Financial
a backlog of demand was created by about 25 percent in the second quarter
Developments
the fact that the demands of many and a very low average—less than 3
borrowers—especially State and local percent—in the preceding three quarThe closing months of this year have
governments—simply went unmet. Cor- ters. The monetary authorities have
been marked by one of the most draporate security issues have averaged a been more generous in supplying rematic declines in interest rates and
record $9 billion per quarter thus far serves—the base for money and credit
bond yields in the postwar period. The
in 1970, while issues of State and local expansion. Of greater importance was
easing in financial market conditions
governments have averaged a record of the Federal Reserve's action in late
reflects the cumulative impact of sevmore than $4 billion. Long-term yields June suspending the interest rate ceiling
eral factors—a moderately stimulative
held firm through the end of October, on the shortest maturities of large
monetary policy; the weakening of conbut have since declined noticeably. denomination negotiable certificates of
sumer and business loan demand resultThe available evidence suggests that deposit (CD's). This action, which
ing from the general slack in the
strong demand persists, so that the was taken when the Penn Central's
economy; and an apparent lessening of
decline in yields basically represents difficulties had shaken confidence in
inflationary expectations in market
the general adjustment that has been the commercial paper market, permitted
participants' assessment of the financial
banks to compete for funds on a vastly
taking place in financial markets.
outlook.
enlarged scale. The ongoing decline in
The decline in short-term rates ac- Commercial banks
short-term market rates subsequently
celerated very sharply after midenabled banks to offer even longer
The generally easier conditions that
October. In the 4 weeks ending in midmaturity CD's at competitive rates,
December, the yield on 3-month have been developing in financial and apparently also stimulated flows
Treasury bills averaged 5.02 percent,
into savings deposits. From June to
CHART 3
down from an average 6.12 percent in
November, large CD's outstanding at
September, 6.83 percent in May, and a
large banks nearly doubled—from $13
Interest Rates and Bond Yields
peak of 7.87 percent in January. The
billion to more than $24 billion. In
commercial banks' prime lending rate Percent
the
same period, total time and savings
was cut from 8 to 7% percent in late 10 INTEREST RATES
deposits (including CD(s) at all comSeptember and there were two more
mercial banks increased $23 billion
reductions, of one-fourth of 1 percentage
(seasonally adjusted) to $225 billion.
Prime Commercial Paper
point each, in November. The Federal
(4-6 Months)
The general decline of interest rates
Reserve discount rate was also cut twice
Prime Rate
in short-term markets has made time
in November, by % of 1 point each
and savings deposits relatively more
time. Given the fact that market rates
attractive, and the expansion of bank
were declining rapidly, the initial Nodeposits since midyear has been almost
vember reductions in the prime and
wholly in those forms. Private demand
discount rates were not surprising. It
deposits—which together with circulatseems likely, however, that the further
ing currency make up the conventioncuts in the prime and discount rates
10
ally defined money stock—increased
occurred sooner than market particiBOND YIELDS
only
about 4% percent or $4}£ billion
pants had expected and that this de(seasonally adjusted) from June through
velopment reinforced the decline in the
short-term rate structure.
November. A weakness in demands for
Corporate (Moody's Aaa)
transactions balances, associated with
Until quite recently, the easing of
U.S. Treasury,
Long-Term
credit costs was essentially confined to
the weakness in the economy, is probably
the short-term markets. Although cona major factor in the sluggish growth of
ditions became much less strained in
demand deposits. The reduction of
long-term markets also, the dominating
compensating balances as a consequence
factor in that area has been the treof recent declines in outstanding busimendous demand for funds by both
ness loans has probably also been a
1968
1969
1966
1967
1970
corporations and State and local govfactor. In any event, with demand deernments. The strength of this demand • Last data plotted are weekly figures for mid-Dec.
and plan to continue to raise spending,
but the transportation industries—
including air and surface—plan substantial cuts.
v
is in large part a consequence of the
Data: FRB, Moody's, Bond Buyer & Treasury
U.S. Department of Commerce, Office of Business Economics
70-12-3
(Continued on page 16)
SURVEY OF CUKEENT BUSINESS
December 1970
CHART 4
In November: Nonfarm payroll employment declined 135,000; indirect effect of the auto strike a factor
The unemployment rate moved up to 5.8 percent, the highest since the spring of 1963
Wholesale prices declined slighty after holding steady in October
TOTAL PRODUCTION
PRICES
THE LABOR MARKET
Billion $
Million Persons
83
1,000
Percent
CIVILIAN LABOR FORCE AND
EMPLOYMENT*
XV^
IMPLICIT PRICE DEFLATOR FOR GNP*
(Change From Previous Quarter)
81
950 -
Labor Force
900 ~
Employment
850 -
75
800
BLS
Monthly (Nov.
Quarterly (III)
Billion $
Percent
1957 59= 100
UNEMPLOYMENT RATE*
135
^V
CONSUMER PRICES
130
Total
Total
125
Married Men
10
1 I I I 1 1 I I I I I M I I I I I I i I I I I I I I 1I I I I I I I I I
Monthly (Nov.)
Quarterly (III)
Billion $
115 I I I I i I I i I I I I I I I 1 I I I I I I I I I I I I I I I I I I I I
BLS
Million Persons
Monthly (Oct.)
Billions
800
1957-59=100
120|
750
-
Total
72
^ ...««••••"""
Man-Hours*
(right scale)
650
I
600
I
115
Employment
(left scale)
\
68
Inventory Change
-*<C
Final Sales
WHOLESALE PRICES
NONFARM ESTABLISHMENTS
(Employees)
CONSTANT DOLLAR (1958) GNP**
700
BLS
I
i
i
i
i
i
i
Quarterly (III)
Monthly (Nov.)
Percent
Hours
45.0
40.0
Illl ..
•1
1970
Dollars
Average Hourly Earnings
(right scale) x /
s
35.0
QBE
* * Seasonally Adjusted at Annual Rates
100 LLLLLJJJ
Monthly (Nov.)
—I 3.40
37.5
Quarterly (III)
* Seasonally Adjusted
105
BLS
42.5
U.S. Department of Commerce, Office of Business Economics
130
Industrial Commodities
BLS
1957-59=100
130
PRODUCTION OR NONSUPERVISORY WORKERS
(PRIVATE)
/
CONSTANT DOLLAR (1958) GNP*
(Change From Previous Quarter)
1969
HO
60 I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I M20
QBE
12
1968
1 40
Total
3.20
120 -
3.00
110 -
2.80
100
2.60
1970
BLS
90
1968
1969
Monthly (Nov.)
1970
BLS
December 1970
SUEVEY OF CUKEENT BUSINESS
CHART 5
Personal income rose about $21/2 billion in November, about offsetting the decline in October
Following a near term dip, businessmen expect moderate rise in capital spending in second quarter 1971
Private housing starts rose 7 3/4 percent in November, continuing the recovery begun earlier this year
INCOME OF PERSONS
FIXED INVESTMENT
CONSUMPTION AND SAVING
Billio 1 $
Billion $
850
100
PERSONAL CONSUMPTION EXPENDITURES*
PERSONAL INCOME*
Producers1 Durable Equipment**
75
800
^* ~* -*•**""*" "-"
750
550
50
-
-
~ Nonresidential Structures**
X
500
700
-
25
Residential Structures**
650
*M I I I I I I I I I
I II II I IIII I I II II II II III
Monthly (Nov.)
i
0
l
l
i
Quarterly (III)
QBE
l
l
i
i
i
Quarterly (III)
QBE
Billion $
3,5
RETAIL STORE SALES
Total
30
- 200
25
-
20
150
100
PLANT AND EQUIPMENT
EXPENDITURES**
Excluding Automotive Group
15 1 1 i i 1 1 1 1 i i 1 1 I i i 1 1 1 I 1 1 M i I i i ii i i i i i i i
QBE
Monthly (Oct.)
80
-
70
-
60
Quarterly (IV)
Census
OBE-SEC
Billion $
Million Units
12
CAPITAL GOODS MANUFACTURERS*
NEW CAR SALES*
Domestic
(left scale)
10
New Orders
A
A
, V SA
600
\
-
Shipments
Imports
(right scale)
550
\
-
4 I IM I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I II
500
Monthly (Nov.)
Quarterly (III)
Trade Sources & QBE
Monthly (Oct.)
Census
Million Units
Dollars
2,700
2.5
PRIVATE HOUSING*
REAL PER CAPITA DISPOSABLE
PERSONAL INCOME**
2.0
2,600 -(In 1958 Dollars)
.Starts
2,500
1.5
6
2,400
2,300
I
1968
* Seasonally Adjusted
i
i
i
i
1969
I
i
Economics
1.0
i
1970
Quarterly (III)
QBE
* * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business
-
.5 I I I I I I I i i I I I I I i i I I 1 I i I I I I I I I I I I I I I I I
1968
1968
QBE
1969
Monthly (Nov.)
1970
Census
December 1970
SURVEY OF CURRENT BUSINESS
6
•In October : Manufacturing and trade inventories up slightly; gain in manufacturing more than offset decline in trade
•
U.S. trade surplus increased slightly to $182 million
INVENTORIES
FOREIGN TRANSACTIONS
Billion $
Billion $
40
\2
140
NET EXPORTS**
CHANGE IN BUSINESS INVENTORIES**
(GNP Basis)
30
GOVERNMENT
Billion $
-
-
8
FEDERAL PURCHASES OF
GOODS AND SERVICES**
-
-
-
120
Total
Goods and Services
20
-
-
4
.in
10
0
l|hj_
1
Quarterly (III)
4.0
-
2.5
i i iii1 iiiii
1 1 l i 1 1 l 1 li 1
1 ! 1 1 1 f | | 1 [ [
Monthly (Oct.)
i
i
i
<sn
yv r^\f...f /\/
2
'
:
"~
/
Imports
1 M M 1 1 M 1 1 'i
i i i 1 i i i i i 1,1 i i i | 1 , 1 i i i
0
25V
_
^
\
—• — • „
i i iiiIii iti
1 I 1 l i 1 M li
1 l I I 1 1 1 1 1 I 1
Monthly (Oct.)
-2
-4
-
i
i
X\
I I
i
I
I
-
I
Quarterly (III)
Census & QBE
175
i
150
Billion $
Billion $
1/5
, _
\
/
**-**"^**s /'
r^
x-
•^'*x — '
v
1 .6
1.4 -
Official Reserve Transactions Basis
»\
\ / —»
/ \
\
/
\
*'
~^^
_
Total Manufacti ring and Trade
2
VA
A 1 \\r~ \i /i i i i i
\
-2
/
l
l
i
l
l
QBE
150
\ 'A
^^\
i
STATE AND LOCAL PURCHASES
OF GOODS AND SERVICES**
BALANCE OF PAYMENTS*
Manufacturing
l
Quarterly (III)
4
x—^^j
s^A\.s
*
l
Expenditures
QBE
Ratio
1 8
/•....
^)£~\ T"^
_.,-••*' S
2.0
INVENTORY/SALES RATIOS*
Census
_
onn
V ^
Outflow
1
~~
V
Receipts
-A
Trade
40
225
Inflow
pn
£
A
FEDERAL BUDGET**
(NIA Basis)
_
'
^
QBE
Monthly (Oct.)
NET FLOW OF PRIVATE U.S. AND FOREIGN CAPITAL
(Other than Liquid Funds)*
MANUFACTURING AND TRADE INVENTORIES*
(Book Value, End of Month)
\
i
i i i i i l 1 1 i i i i111 i1 111 1 i i1 11 i1 i 1 1 ii
Census
Billion $
60
i
Shipments
1
Monthly (Oct.)
2
i
^^p^W^^^
.. :
\
1
V V
4
_
i
,\
Billion $
_^— 1
i
New Orders
\*:** / "\!
/
^/y^Vl
\r
1
2.0
3
Billion $
Manufacturing
\
i
DEFENSE PRODUCTS*
. f\/
A l
v. _
Exports
Census & QBE
_
i
Quarterly (III)
120
100
i
QBE
3.0
s
~ ^s
140
i
4
A
\s
^x
\
Billion $
^
^^^
>/
Total
Merchandise
i i
1
3.5
-
-
Defense
80
MERCHANDISE TRADE*
MANUFACTURING AND TRADE INVENTORIES*
(Book Value, End of Month)
-
—*
/
Quarterly (III)
Billion $
150
1
QBE
Billion $
160
S^~^l^
~''^~
s
-4
-~^ —
-^^-—
V
0
180
170
100
/^\
>
IOC
^—
\ ^***^
100
^^^~^
Liquidity Basis
1.2
i i i i11 i i iM
i iiii1 i 11i
Mini iiiii.
1968
1969
1970
Monthly (Oct.)
Census & QBE
* Seasonally Adjusted * * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economics
-4
i
i
1968
i
1969
Quarterly (ill)
1970
QBE
75
i
l
1968
l
i
l
l
1969
Quarterly (III)
i
l
l
1970
QBE
)ecember 1970
9
SUEVEY OF CUEEENT BUSINESS
In November: Industrial production down 0.6 percent; decline centered in durable goods
Bank credit and money supply rose, and interest rates dropped sharply
9
INDUSTRIAL PRODUCTION
MONEY, CREDIT, AND SECURITIES MARKETS
1957-59=100
BillionS
190
460
180
Durable Manufactures^
\
240
s *~\ </
170
150
,
1
Nondurable
Manufactures
—
i i 1 1 1 1 i 1 1 ivi
Monthly (Nov.)
380
220
300
100 _
80
60
i i i i i 1 1 1 i i i 1 1 1 1 1 1 i i 1 1 i M 1 1 1 1 i i i i i 160
40
(right scale)
FRB
Before Taxes
\
.s^~
l—
Monthly (Nov.)
Xy
"
i
Billion $
z
I2U
175
- >j
s
150
195
v
1
\
\
f ;
\
;
0
.L\
stee|
/x>-A
V^
/
V/
V
100
/
\j
1
1 1 1 1 1 1 1 1 11 1
~
—
x^^\
>.
-1
1
1 1 1 1 1 1 1 1i 1 1
100
80
^^^^ /
^\*~+/>^~^
-2
M 1 1 1 11 1 1 1 1
1 11 1 l 1 1 I 1 i 1
1 FRB
\
fc.-*-78.0
95
60
\l
1 l 1 I 1 1 l l I1 1
Monthly (Oct.)
-• _ _"T\ _
-
i
40
i
""
_
Percent
24
Corporate Yields, Moody's Aaa
-—\_X—-
16
./f?**~^
6
I
I
I
I
Quarterly (III)
I
2
\
3-month Treasury Bills
4
PV
I
8
••"** *"*•...--"'
1 1 ! 1 1 1 1 1 1 1
Billion $
1941-43 = 10
140
I
I
I
1 1 1 1 1 1 1 1 1 1 1
1 1 1 1 1 1 1 1 1 1 1
Output
-ft
Percent
UNIT LABOR COSTS, PRIVATE ECONOMY**
(Change From Previous Quarter)
_
16
_
\
New Orders
90
80
'•*j~^''' v
24
Shipments
i i ii 11 i iM i
1968
* Seasonally Adjusted
i ii i 1 i i i i i
1969
i i i i 1 1 i 11 ii
1970
CenSUS
Monthly (Oct.)
* * Seasonally Adjusted at Annual Rates
Digitized forU.S.FRASER
Department of Commerce, Office of Business Economics
60
BLS
24
Standard and Poor's 500
100
QBE
Compensatton
/
Quarterly (III)
120
32
I
i m juiJIJ] M
i '
STOCK PRICES
_
I
OUTPUT AND COMPENSATION PER MAN-HOUR,
PRIVATE ECONOMY**
_ (Change From Previous Quarter)
Monthly (Nov.)
40
_
i
••
FRB
DURABLE GOODS MANUFACTURERS*
t
Quarterly (III)
n
80
36
1 -„
\
10
8
I
—
Profits After Taxes
Manufacturing
I
QBE
—
FRB
INTEREST RATES AND BOND YIELDS
-
I
I
~
Percent
RATIO, OUTPUT TO CAPACITY*
75
I
I
1 1 1 1 I 1 1 1 1 i 1
Percent
85
I
Cash Flow
/
>.
*V
Monthly (Nov.)
90
I
Autos
\ /
X\\
I
CORPORATE CASH FLOW AND PROFITS**
FREE RESERVES
\ 'v
N-
/
i
Quarterly (III)
Billion $
_
i
FRB
1957-59=100
f^^\<*.
•"
~
200
INDUSTRIAL PRODUCTION*
"X.
^~~
180
340
\
\
i i ii i 1 1 1 i 1 1
--"_
Bank Credit
_
^_
^^ _** —"
(left scale) ^^s^^J*'''
^\^^\1*' *"" "*"
~ 200
^^\ Money
\ Supply
"
\\
\\ V
~S
i i ii i 1 i i i i i
CORPORATE PROFITS AND IVA **
420
Total
V
s^******" / \/Sfc jr^Sv .+.
S**^r
/
-X" x*""*
*#*
120
BANK CREDIT AND MONEY SUPPLY*
</xx/T*N^
t
PROFITS AND COSTS
Billion $
INDUSTRIAL PRODUCTION*
160
7
8
^^^^T\
> i >> l < <i i ,
1968
, i, i , 1 . , i i ,
1969
Monthly (Nov.)
•••• ml I-
^
i n , .1 , i, ,
1970
1968
1969
1970 BLS
Quarterly (III)
_
SURVEY OF CUKKENT BUSINESS
8
December 1970
NATIONAL INCOME AND PRODUCT TABLES
1969
1968
1969
II
III
1970
IV
I
II
1970
1969
III
1968
1969
II
Seasonally adjusted at annual rates
III
IV
I
II
III
Seasonally adjusted at annual rates
Billions of current dollars
Billions of 1968 dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross national product
.
. _
Personal consumption expenditures..
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
865.0
931.4
923.7
942.6
951.7
959.5
971.1
985.5
707.2
727.1
726.1
730.9
729.2
723.8
724.9
727.4
535.8
577.5
573.3
582.1
592.6
603.1
614.4
622.1
452.3
467.7
467.1
468.7
471.7
474.0
478.1
479.6
84 0
230.2
221.6
90 0
245.8
241.6
90 6
244.0
238.7
89 5
248.1
244.5
90 8
252.0
249.8
89 1
258.8
255.2
91 9
262.6
259.9
91.2
265.8
265.1
81 4
196.5
174.4
84 9
201.2
181.6
85 7
200.9
180.5
84.1
201.9
182.7
84.9
202.4
184.4
82.7
205.6
185. 8
84 9
206.6
186.6
83 6
208.2
187.8
126.5
139.8
139.3
143.8
140.2
133.2
134.3
138.3
105.7
111.3
111.5
114.1
110.0
102.9
103.1
104.1
118.9
131.4
131.4
132.4
133.0
131.6
131.2
132.7
98.8
104.1
104.8
104.2
103.9
101.5
100.1
99.6
101.5
35.2
66.3
102.6
35.1
67.5
102.6
35.7
66.9
102.8
35.3
67.5
103.6
35.0
68.6
75.5
22.7
52.7
80.8
24.0
56.9
80.2
23.1
57.0
81.9
24.6
57.3
82.1
24.3
57.8
80.9
24.4
56.5
80.2
23.5
56.7
79.6
22.6
56.9
Nonresidential
StructuresProducers' durable equipment
88.7
29.6
59.1
99.3
65.5
97.5
32.3
65.2
Residential structures
Nonfarm __
Farm
30.3
29.7
5
32.0
31.5
6
33.9
33.3
6
31.0
30.4
6
30.4
29.8
6
29.1
28.4
6
28.4
27.8
.6
29.2
28.6
.6
23.3
22.9
.4
23.3
22.8
.4
24.7
24.2
.4
22.3
21.8
.4
21.8
21.4
.4
20.7
20.2
.4
20.0
19.5
.4
20.0
19.6
.4
7.6
7.5
1
8.5
8.0
4
7.9
7.6
3
11.3
10.8
.5
7.2
6.5
7
1.6
.9
.7
3.1
2.6
.5
5.5
5.0
.5
6.9
6.8
.1
7.2
6.8
.4
6.6
6.3
.3
9.9
9.3
.6
6.1
5.4
.8
1.3
.8
.6
2.9
2.5
.4
4.6
4.1
.4
Change in business inventories
Nonfarm
Farm
Net exports of goods and services
Exports
Imports
...
Government purchases of goods and services
Federal
National defense
Other
State and local
oo o
25
19
13
26
26
35
4.1
4.2
.9
.2
— .3
.8
.9
1.9
2.4
3.1
50.6
48.1
55.5
53.6
57.2
55.9
58.3
55.6
58.8
56.2
61.1
57.6
62.8
58.7
62.8
58.6
45.7
44.8
48.5
48.2
50.7
51.1
50.8
50.0
50.0
49.1
52.0
50.1
52.9
50.5
52.0
48.9
200.2
212.2
209.9
214.1
216.3
219.6
218.4
221.0
148.3
147.8
147.9
147.3
146.6
145.0
99.5
78 0
21.5
100.7
101.3
78 8
22.6
110.8
99.8
77 9
21.9
110.1
102.5
79.8
22.7
111.6
102.1
78.8
23.3
114.2
102.3
79.3
23.0
117.4
99.7
76.8
22.9
118.7
98.6
75.8
22.9
122 A
78.7
75.7
75.8
75.2
73.8
71.1
67.8
66.2
69.6
72.1
72.1
72.1
72.9
73.8
73.5
74.4
141.3
140.6
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3,1.5)
865.0
857.4
7.6
931.4
922.9
8.5
923.7
915.9
7.9
942.6
931.2
11.3
951.7
944.5
7.2
959.5
957.9
1.6
971.1
968.1
3.1
985.5
980.0
5.5
707.2
700.3
6.9
727.1
719.9
7.2
726.1
719.4
6.6
730.9
720.9
9.9
729.2
723.0
6.1
723.8
722.4
1.3
724.9
721.9
2.9
727 A
722.8
4.6
430.6
422.9
7.6
460.0
451.6
8.5
456.7
448.8
7.9
466.2
454.9
11.3
468.9
461.7
7.2
467.1
465.5
1.6
474.9
471.8
3.1
479.8
474.2
5.5
380.7
373.8
6.9
392.2
385.0
7.2
391.1
384.5
6.6
395.7
385.8
9.9
393.5
387.4
6.1
387.3
386.0
1.3
391.1
388.2
2.9
392.1
387.5
4.6
Durable goods
Final sales ..
Change in business inventories. .
176.1
170.4
5.7
190.2
183.9
6.4
189.4
182.7
6.7
192.7
184.8
7.9
192.7
187.4
5.3
185.3
185.5
-.3
186.6
188.5
-1.9
193.5
188.3
5.2
162.1
157.1
5.1
170.1
164.7
5.3
170.0
164.5
5.5
171.6
164.9
6.7
170.3
165.9
4.4
162.3
162.6
-.3
162.9
164.4
-1.5
167.1
162.7
4.3
Nondurable _
Final sales
Change in business inventories
254.5
252 5
2.0
269.8
267 7
2.1
267.3
266 1
1.2
273.5
270.1
3.5
276.2
274.3
1.9
281.8
280.0
1.9
288.3
283.3
5.0
286.3
286.0
.3
218.6
216.7
1.8
222.1
220.3
1.8
221.1
220.0
1.1
224.1
220.9
3.2
223.3
221.5
1.8
225.1
223.4
1.6
228.3
223.8
4.5
225.0
224.7
.2
347.1
87.4
377.6
93.8
372.3
94.8
383.0
93.3
390.3
92.5
400.1
92.3
405.8
90.4
413.2
92.6
260.0
66.6
268.2
66.6
267.2
67.8
269.8
65.4
271.3
64.4
273.1
63.4
272.8
60.9
274.8
60.5
Gross national product
Final sales
Change in business inventories
..
Goods output
Final sales. _
Change in business inventories
Services
Structures
..
Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
Private .
Business
Nonfarm
Farm ..
Households and institutions.
Rest of the worldGeneral government.. .
931.4
923.7
942.6
951.7
959.5
971.1
985.5
707.2
727.1
726.1
730.9
729.2
723.8
724.9
727 A
770.1 827.8
822.3
836.6
844.0
848.5 858.4
871.7
647.6
666.4
665.6
669.8
668.1 663.1
664.2
666.8
740 1
714.6
25.5
795 4
767.9
27.5
790 3
762.7
27.6
804 2
776.6
27.6
810 8
783.0
27.8
814 3
785.5
28.8
824.5
796.0
28.5
836.5
808.5
28.0
627.2
603.4
23.8
646.0
622.5
23.6
645.3
622.0
23.3
649.7
626.2
23.5
647.6
624.7
22.8
642.1
619.5
22.6
644.0
621.0
23.0
645.9
622.9
22.9
25.3
4.7
28.1
4.3
27.8
4.2
28.3
4.1
29.0
4.2
29.6
4.5
30.0
3.9
30.5
4.7
15.9
4.5
16.4
4.0
16.3
3.9
16.3
3.8
16.6
4.0
16.7
4.3
16.5
3.6
16.5
4.4
94.9
103.6
101.4
106.0
107.7
112.8
113.9
59.7
60.7
60.5
61.0
61.1
60.7
60.7
60.6
865.0
111.0
HISTORICAL STATISTICS
National income and product statistics for earlier periods are available as follows:
Data for 1966-69, July 1970 SURVEY OF CURRENT BUSINESS; 1964-65, July 1968 SURVEY;
1929-63, The National Income and Product Accounts of the United States (available from
U.S. Department of Commerce Field Offices or from the Superintendent of Documents,
U.S. Government Printing Office, Washington, D.C. 20402, price $1.00 per copy).
SURVEY OF CURRENT BUSINESS
December 1970
1969
1968
1969
II
III
9
IV
I
II
III
1968
1969
Seasonally adjusted at annual rates
Equals : Net national product _
78.9
78.2
79.4
80.7
82.1 83.6
985.5
85.0
791.1 852.5 845.5 863.1 871.0 877.4 887.5
900.5
Less: Indirect business tax and nontax
liability
78 1 85 2 84 3 86 6 87 7 89 3 91 1
Business transfer payments
3.3 3.5 3.5 3.5 3.5 3.6
3.6
Statistical discrepancy
. . . -2.4 —4.7 -5.3 -5.5 -4.3 — 5.4 —3. 1
— 1.1
Plus: Subsidies less current surplus of
government enterprises
..
Equals: National income
Less: Corporate profits and inventory
valuation adjustment
Contributions for social insurance
Wage accruals less disbursements.Plus: Government transfer payments
to persons
Interest paid by government
(net) and by consumers
Dividends
Business transfer payments
Equals: Personal income
.7
1.0
1.2
93.3
3.6
1.5
1.8
712 7 769 5 764.0 779 5 785 2 791 5 797.4
806.6
1.1
1.0
1.6
85 4
85 8
87 4
86 8
82 0
76 7
77 5
78.4
47 1
53 6
53 1
54 2
55 1
56 0
56 7
57 6
.0
.0
.0
.0
.0
2.5 —2.1
—.4
55.7
61.6
61.0
62.0
63.4
66.3
75.8
75.1
26.3
23 3
3.3
29.0
24 7
3.5
28.6
24 4
3.5
29.1
25 0
3.5
30 2
25 2
3.5
31.0
25 2
3.6
31.4
25 1
3.6
32.2
25 4
3.6
688.7 748.9 741.1 758.1 770.5 782.3 801.3
807.2
Table 5.—Gross Auto Product in Current and Constant Dollars
(1.15, 1.16)
Billions of current dollars
34.8
37.6
Compensation of employees _
Wages and salaries
Private
Military
Government civilian
Personal consumption expenditures. 30.2 31.8 31.5 31.6
Producers' durable equipment
5.3 5.6 5.6 5.6
.1 -1.2
Change in dealers' auto inventories. . 1.1
1.4
Net exports
-.8 -1.1 -1.4 -1.4
Exports
2.0 2.2 2.3 2.4
Imports
2.8 3.4 3.7 3.7
Addenda:
New cars, domestic 2
32.5 32.2 30.8 33.5
New cars, foreign
4.4 5.6 5.5 5.6
34.7
32.5 28.9 30.4
5.7 5.1 5.4
-1.1 -1.7
.8
29.9
5.3
-.7
-1.6 -1.5 -1.4
2.0 2.0 2.6
3.6 3.4 4.0
-1.4
2.3
3.7
30.7
6.5
26.4
6.2
30.7
6.7
30.8
5.3
Billions of 1958 dollars
Gross auto product *
35.3
Personal consumption expenditures- 29.5
Producers' durable equipment
5.3
Change in dealers' auto inventories. 1.1
Net exports
-.8
Exports
2.0
Imports
2.8
Addenda:
New cars, domestic 2.
.
32.2
New cars, foreign
4.4
35.0
33.3 35.8
29.2 33.2
32.1
30.1 30.8 27.1 28.5
5.4 5.5 4.9 5.1
1.4 -1.1 -1.6
.8
27.6
5.0
-.7
-1.1 -1.4 -1.3 -1.5 -1.4 -1.4
2.2 2.3 2.4 2.0 1.9 2.5
3.3 3.6 3.7 3.5 3.4 3.9
-1.4
2.2
3.6
30.3 30.2
5.4 5.4
.1 -1.2
31.4 30.1 32.7
€.5 5.4 5.5
33.9
29.8 25.3 29.5
6.3 6.0 6.4
29.3
5.1
1. The gross auto product total includes government purchases.
2. Differs from the gross auto product total by the markup on both used cars and foreign
410-758 0 - 7 0 - 2
806.6
564.2 557.5 572.2 582.1
592.2 596.4
603.8
464.8
369.1
17.9
77.8
609.0 502.9 516.4 525.3 534.4 537.4
404.9 401.2 409.9 417.2 422.6 424.0
19.0 18.4 19.9 19.6 20.1 19.5
85.1 83.4 86.6 88.5 91.7 93.9
543.4
428.9
19.1
95.4
Supplements to wages and salaries. _ 49.3 55.1 54.6 55.8 56.8 57.9
Employer contributions for social
insurance
.
24.3 27.5 27.3 27.9 28.3 28.6
Other labor income
24.9 27.6 27.3 27.9 28.5 29.3
Proprietors' income
59.0
60.4
29.0
30.0
29.6
30.8
64.1
66.8
66.7
67.5
67.2
67.6
67.8
67.8
49.1
15.0
50.5
16.4
50.5
16.2
50.9
16.6
50.6
16.6
50.6
17.0
51.2
16.5
51.7
16.1
Rental income of persons
21.3
22.0
22.0
22.1
22.3
22.5
22.6
22.7
Corporate profits and inrentory valuation adjustment
85.4
85.8
87.4
86.8
82.0
76.7
77.5
78.4
88.7
91.2
93.4
89.9
88.5
82.6
82.0
84.4
40.6
48.2
23.3
24.9
42.7
48.5
24.7
23.9
43.8
49.7
24.4
25.2
42.1
47.9
25.0
22.9
41.4
47.1
25.2
21.9
38.0
44.6
25.2
19.4
38.1
43.9
25.1
18.8
38.9
45.4
25.4
20.0
-6.0 -3.2 -6.5 -5.8 -4.5
-5.9
Business and professional
Farm
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
-3.3 -5.4
27.8
30.7
30.4
31.0
31.7
32.4
33.1
33.8
Table 7. —National Income by Industry Division (1.11)
AH industries, total
31.1 35.4
35.8
797.4
514.1
712.7 769.5 764.0 779.5 785.2 791.5
Profits before tax
36.1 36.6
III
Table 6.—National Income by Type of Income (1.10)
Net interest
Gross auto product *
II
Seasonally adjusted at annual rates
National income
865.0 931.4 923.7 942.6 951.7 959.5 971.1
Less: Capital consumption allowances. 74.0
I
IV
Billions of dollars
Table 4.—Relation of Gross National Product, National Income,
and Personal Income (1.9)
.
III
II
Billions of dollars
Gross national product
1970
1969
1970
Transportation
C ommunication
Electric, gas, and sanitary services
Wholesale and retail trade
797.4
806.6
22.4 24.3 24.1 24.5 24.8 25.2 24.8
42.7 47.4 47.1 48.0 48.9 49.1 49.1
213.0 226.2 226.0 228.8 227.3 223.6 222.9
81.8 87.0 87.0 87.5 88.5 88.8 88.7
131.2 139.3 139.0 141.3 138.9 134.8 134.2
24.5
49.5
222. 7
89.6
133.0
712.7 769.5 764.0 779.5 785.2 791.5
Agriculture, forestry, and fisheries
Mining and construction
Manufacturing
Nondurable goods
Durable goods
.. 27.1 29.2
29.0 29.5 30.1 29.9 29.4
14.2 15.9 16.0 15.9 16.1 15.9 16.2
13.4 14.2 14.0 14.6 14.2 14.2 14.3
106.4 115.2 114.7 116.8 117.2 118.9 121.5
30.9
16.4
14.9
122.6
77.9 83.5 83.0 84.2 85.3 86.5 87.4
Finance, insurance, and real estate
86.0 95.3 94.3 96.5 98.4 101.2 103.4
Services
Government and government enterprises ..
.
.
104.7 114.1 111.7 116.7 118.6 122.5 124.6
3.9
4.2
4.5
4.2
4.1
Rest of the world
4.7
4.3
89.1
105.4
126.0
4.7
Table 8. — Corporate Profits (Before Tax) and Inventory Valuation
Adjustment by Broad Industry Groups (6.12)
AH industries, total
85.4
85.8
87.4
86.8
82.0
76.7
77.5
78.4
12.0
12.3
12.9
Financial institutions
11.0
12.0
11.9
12.2
12.2
Nonfinancial corporations. _
74.4
73.8
75.4
74.6
69.8
64.7
65.2
65.5
35.5
18.2
17.2
34.7
18.3
16.3
8.6
21.1
9.1
21.7
Manufacturing
Nondurable goods
Durable goods
Transportation, communication, and
public utilities . . .
All other industries
42.4
19.1
23.3
41.8
19.3
22.4
42.9
19.9
23.0
41.8
19.1
22.7
39.1
19.0
20.0
35.2
18.3
16.9
11.0
21.0
10.7
21.4
10.8
21.8
10.6
22.2
10.3
20.4
9.1
20.4
SURVEY OF CURRENT BUSINESS
10
1969
1968
1969
II
III
December 1970
1970
I
IV
II
1969
III
1968
1969
Seasonally adjusted at annual rates
550.7
46.5
49.8
49.3
50.1
51.0
52.0
53.0
54.0
44.8
48.6
48.1
49.3
49.9
50.7
51.7
52.9
Income originating in corporate business
401.5 432.9 431.4 438.2 438.8 437.1 439.3
Compensation of employees
319.2 349.7 346.6 354.1 359.5 363.2 363.8
Wages and salaries
284.3 310.8 308.0 314.7 319.6 322.6 322.8
Supplements.
34.9 38.9 38.5 39.4 39.9 40.6 41.0
443.8
368.1
326.1
42.0
.9
Corporate profits and inventory
valuation adjustment
Profits before tax .
Profits tax liability
Profits after tax
Dividends
Undistributed profits. . . .
Inventory valuation adjustment- Cash flow, gross of dividends
Cash flow, net of dividends
1.9
1.8
2.0
2.1
2.3
2.4
2.5
81.5 81.3 83.1 82.2 77.3 71.6 73.0
84.8 86.8 89.1 85.3 83.8 77.4 77.5
40.6 42.7 43.8 42.1 41.4 38.0 38.1
44.2 44.1 45.4 43.3 42.4 39.4 39.5
21.8 23.0 22.9 23.3 23.5 23.3 23.4
22.4 21.0 22.5 19.9 18.9 16.2 16.0
-3.3 -5.4 -6.0 -3.2 -6.5 -5.8 -4.5
73.2
79.1
38.9
40.2
23.5
16.8
-5.9
90.7
68.9
93.8
70.8
94.7
71.8
93.4
70.1
93.4
69.9
91.4
68.2
92.5
69.0
94.2
70.7
22.5
24.7
24.6
24.9
25.1
25.3
25.6
26.5
Gross product originating in
nonfinancial corporations
470.2 506.5 504.3 512.8 514.6 514.4 518.4
524.2
Gross product originating in
financial institutions
I
II
III
Table 10.—Personal Income and Its Disposition (2.1)
492.8 531.2 528.9 537.7 539.7 539.7 544.0
Net interest.
IV
Billions of dollars
Table 9.—Gross Corporate Product1 (1.14)
Gross corporate product
III
Seasonally adjusted at annual rates
Billions of dollars
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies. .-.
II
1970
Personal income .
688.7 748.9 741.1 758.1 770.5 782.3 801.3
Wage and salary disbursements
464.8
Commodity-producing industries . 181.5
Manufacturing
145.9
Distributive industries . .
109.2
Service industries
78.4
Government .
95.7
509.0
197.5
157.5
119.8
87.7
104 1
502.9
196.0
156.4
118.5
86.7
101.7
516.4
199.9
159.7
121.3
88.7
106.5
525.3
202.5
160.8
123.8
90.9
108 1
531.9
202.7
160.7
125.9
93.9
109 3
539.5
201.5
159.6
127.0
95.5
115 5
807.2
543.8
201.9
159.7
129.7
97.3
114 9
Other labor income
24.9
27.6
27.3
27.9
28.5
29.3
30.0
30.8
Proprietor's income
Business and professional _
Farm
64.1
49.1
15 0
66.8
50.5
16 4
66.7
50.5
16 2
67.5
50.9
16 6
67.2
50.6
16 6
67.6
50.6
17 0
67.6
51.2
16 5
67.8
51.7
16 1
... 21.3
23.3
54.0
22.0
24.7
59.7
22.0
24.4
59.0
22.1
25.0
60.1
22.3
25.2
61.9
22.5
25.2
63.4
22.6
25.1
64.5
22.7
25.4
66.0
Transfer payments
59.0
Old age, survivors, disability, and
health insurance benefits _
30.3
State unemployment insurance
2.1
benefits
Veterans benefits
.
. . 7.2
Other...
19.5
65.1
64.5
65 5
67 0
69 8
79.4
78.7
33.0
32.9
33.1
33.5
34.2
41.5
39.0
2.1
8.3
21.6
1.9
8.4
21.4
2.2
8.3
21.8
2.3
8.7
22.4
2.9
9.0
23.8
3.6
9.5
24.9
4.3
9.7
25.8
26.0
25.8
26.4
26.8
27.4
27.7
28.0
Rental income of persons. .
Dividends
Personal interest income
Less: Personal contributions for
social insurance ... .
22.8
48.3
47.9
48.6
49.5
50.4
51.4
52.3
Less: Personal tax and nontax payments. -
97.5 117.3 118.1 117.5 119.9 117.0 117.7
114.2
46.5
46.0
47.2
47.7
48.4
49.4
50.6
Equals: Disposable personal income.. . 591.2 631.6 623.0 640.6 650.6 665.3 683.6
693.0
Income originating in nonfinancial
corporations
382.2 411.8 410.4 417.0 417.4 415.5 417.5
Compensation of employees
301.2 329.9 326.9 334.1 339.1 342.3 342.9
Wages and salaries
268.6 293.5 290.9 297.3 301.8 304.4 304.6
Supplements
32.6 36.3 36.0 36.8 37.3 37.9 38.3
421.3
346.8
307.6
39.2
550.8 593.9 589.7 598.7 609.6 620.5 632.1
Less : Personal outlays
Personal consumption expenditures. 535.8 577.5 573.3 582.1 592.6 603.1 614.4
14.3 15.7 15.6 15.8 16.1 16.4 16.8
Interest paid by consumers
Personal transfer payments to for.9
1.0
.7
.8
.8
.9
.8
eigners
640.2
622.1
17.2
Capital consumption allowances
- 45.1
Indirect business taxes plus transfer
payments less subsidies
42.9
Net interest
10.5
Corporate profits and inventory
valuation adjustment
70.4
Profits before tax
73.7
Profits tax liability
34.7
Profits after tax
..- 39.0
Dividends
20.6
Undistributed profits. _ . . 18.4
Inventory valuation adjustment-- -3.3
Cash flow, gross of dividends
Cash flow, net of dividends
- 84.1
63.5
12.6
12.4
12.9
13.3
13.6
13.9
14.2
69.4 71.1 70.0 65.1 59.6 60.7
74.8 77.2 73.2 71.6 65.4 65.2
36.1 37.2 35.3 34.6 31.1 31.0
38.7 40.0 37.8 37.0 34.3 34.2
21.6 21.5 21.9 22.0 21.8 22.0
17.1 18.4 15.9 15.1 12.5 12.3
-5.4 -6.0 -3.2 -6.5 -5.8 -4.5
60.3
66.2
31.5
34.7
21.8
12.9
-5.9
87.0
65.3
87.8
66.3
86.5
64.6
86.5
64.5
84.7
62.9
85.6
63.7
Equals : Personal saving .
.-
Addenda:
Disposable personal income:
Total, billions of 1958 dollars
Per capita, current dollars
Per capita, 1958 dollars .
Personal saving rate,3 percent
1.0
51.5
52.7
499.0 511.5 507.5 515.9 517.8 522.9 532.0
2,939 3,108 3,070 3,148 3,188 3,252 3,333
2,480 2,517 2,501 2,535 2,537 2,556 2,594
534.2
3,369
2,597
40.4
6.8
37.6
6.0
33.3
5.3
42.0
6.5
41.1
6.3
44.8
6.7
7.5
7.6
87.1
65.3
Table 11.—Personal Consumption Expenditures by Major Type (2.3)
Billions of 1958 dollars
Gross product originating in
415.1 432.5 432.9 435.6 433.0 428.4 427.7
nonfinancial corporations
427.7
Personal consumption expendi535.8 577.5 573.3 582.1 592.6 603.1 614.4
tures
--
Dollars
Current dollar cost per unit of
1958 dollar gross product
originating 2in nonfinancial
1.133 1.171 1.165 1.177 1.188 1.201 1.212
corporations
90.0
90.6
89.5
90.8
89.1
91.9
91.
37.2
Automobiles and parts
Furniture and household equipment. 34.6
12.3
Other
40.3
36.7
13.1
40.0
37.2
13.4
40.2
36.7
12.6
41.1
36.9
12.7
37.7
38.3
13.1
39.4
38.9
13.6
39.
38.
13.
230.2 245.8 244.0 248.1 252.0 258.8 262.6
265.
115.1 121.7 120.8 122.4 124.6 128.8 131.2
46.1 49.9 50.0 50.7 50.9 51.3 51.8
19.0 21.1 20.8 21.5 21.7 22.4 22.7
_ _ - - - . - 50.0 53.2 52.4 53.5 54.9 56.3 56.9
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies . . . .
Compensation of employees
Net interest
132.
52.
23.
58.,
221.6 241.6 238.7 244.5 249.8 255.2 259.9
265.
Corporate profits and inventory valuation adjustment
Profits tax liability
Profits after tax plus inventory valuation adjustment
Nondurable goods
1.226
.109
.112
.111
.112
.114
.118
.120
.122
.103
.726
.025
.107
.763
.029
.106
.755
.029
.108
.767
.030
.110
.783
.031
.113
.799
.032
.116
.802
.033
.118
.811
.033
.170
.084
.160
.083
.164
.086
.161
.081
.150
.C80
.139
.073
.142
.072
.141
.074
.086
.077
.078
.080
.070
.067
.069
.067
1. Excludes gross product originating in the rest of the world.
2. This is equal to the deflator for gross product of nonfinancial corporations, with the
decimal point shifted two places to the left.
3. Personal saving as a percentage of disposable personal income.
622.
84.0
Durable goods
Food and beverages
Clothing and shoes
Gasoline and oil
Other .
.Services
Housing
Household operation
Transportation
Other
77.4 84.0 83.0 84.7
31.2 33.9 33.3 34.5
15.6 16.7 16.5 16.8
97.5 107.1 105.9 108.5
87.0 89.0 90.8
34.8 35.2 35.9
17.1 17.7 17.9
110.9 113.3 115.4
92. (
36.'
18.1
117. <
Table 12.—Foreign Transactions in the National Income and
Product Accounts (4.1)
57.2
57.2
Receipts from foreigners
Exports of goods and services
Capital grants received by the United
States
50.6
50.6
55.5
55.5
Payments to foreigners.
Imports of goods and services . _ Transfers to foreigners
Personal
Government
Net foreign investment
50.6
48.1
2.8
.7
2.1
—.3
55.5 57.2
53.6 55.9
3.2
2.8
.8
.8
2.1 2.5
-.9 -2.0
63.7
62.8
63.7
62.8
58.8
58.8
62.0
61.1
.9
.9
.9
58.3 58.8
55.6 56.2
2.9
2.8
.8
.9
2.1
1.9
-.1 -.3
62.0
67.6
2.8
.9
1.9
1.6
63.7
58.7
3.0
1.0
1.9
2.0
63.7
58.6
2.9
1.0
1.9
2.1
58.3
58.3
SURVEY OF CUEEENT BUSINESS
December 1970
1969
1968
1969
II
III
11
1970
IV
I
1969
III
II
1968
1969
II
SeasonaUy adjusted at annual rates
Federal Government expenditures
175.4 200.6 202.5 200.8 202.0 195.9 196.7
122.31 128.11 127.22 128.97 130.52 132.57 133.98 135.50
118.5 123.5 122.8 124.2 125.6 127.2 128.5 129.7
89.4
35.7
19 0
46.0
19 3
47.7
19 4
48.9
20 1
49.7
181.6 191.3 189.1 192.5 195.9 197.7 210.9
206.7
19 1
46.5
Purchases of goods and services
National defense
Other
99.5 101.3
78.0 78.8
21 5 22 6
Transfer payments
To persons
To foreigners (net)
47.8
45 7
2. 1
Grants-in-aid to State and local governments
18 4
Net interest paid . . .
11.8
Subsidies less current surplus of government enterprises
4.1
Less: Wage accruals less disbursements
.0
Surplus or deficit (— ), national
income and product accounts
-6.2
19 5
47.0
19 3
48.4
99 8 102 5 102 1 102 3
77.9 79 8 78.8 79 3
21 9 22 7 23 3 23 0
99 7
76.8
22 9
98 6
75.8
22 9
52.1 52.2
50 0 49 8
2. 1 2 5
52.2 53.3 55 3 64.4
50 3 51 2 53 4 62 4
1 9 2 1 1 9 20
62.9
61 0
19
20 2
13.1
19 6
12.9
20 0
13 2
21 8
13 9
23 0
14 3
25 1
14 3
24 4
14 8
4.6
4.6
4.6
4.9
5.3
5.3
5.6
.0
.0
.0
.0
2 5 —2 1
— 4
9.3
13.4
8.3
6.1 -1.7
Table 16.—Implicit Price Deflators for Gross National Product (8.1)
Gross national product
93.5
34.9
18 0
40.7
III
Personal consumption expenditures
96.9 93.4
38.1 34.8
95.9
on o
II
194.9
97.3 95.6
40.2 38.6
79.3
37.5
I
Index numbers, 1958=100
Table 13.—Federal Government Receipts and Expenditures (3.1, 3.2)
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax
accruals
Contributions for social insurance. ..
IV
Seasonally adjusted
Billions of dollars
Federal Government receipts
III
1970
-14.2 —11.8
103.3 106.0 105.7 106.4 107.0 107.8 108.2 109.2
117.1 122.2 121.5 122.9 124.5 125.9 127.1 127.7
127.1 133.1 132.3 133.8 135.5 137.3 139.3 141.1
Durable goods
Nondurable goods
Services
Gross private domestic investment
120.4 126.2 125.4 127.1 128.0 129.6 131.0 133.3
Fixed investment
Nonresidential
117.5 122.8 121.6 123.9 125.1 126.8 128.2 130.2
Structures
130.3 141.1 139.5 143.3 144.7 146.4 150.0 154.8
Producers' durable equipment . .111.9 115.1 114.4 115.6 116.8 118.4 119.2 120.4
129.7 137.7 137.4 138.9 139.3 140.6 142.4 145.7
129.8 137.8 137.5 139.0 139.4 140.7 142.5 145.8
125.9 132.3 131.1 133.6 135.1 136.7 137.9 141.5
Residential structures .
Nonfarm
Farm
Change in business inventories. ..
Net exports of goods and services
110.9 114.6 112.7 114.6 117.7 117.5 118.8 120.8
107.5 111.1 109.5 111.2 114.5 114.9 116.2 119.9
Exports
Imports
Government purchases of goods and
services
135.0 143.5 141.9 145.4 147.5 151.5 154.6 157.2
126.4 133.9 131.7 136.3 138.4 143.8 147.0 149.1
144.7 153.7 152.6 154.9 156.7 158.9 161.5 164.5
Federal
State and local
Table 14.—State and Local Government Receipts and Expenditures
(3.3, 3.4)
State and local government receipts
106.3 118.3 116.3. 119.6 123.9 127.3 132.0
Personal tax and nontax receipts
18.3
Corporate profits tax accruals
. 3.1
Indirect business tax and nontax
accruals
_
60.1
Contributions for social insurance. __ 6.4
Federal grants-in-aid
18 4
21.4
3.5
20.8
3.6
21.9
3.4
66.1
7.1
20 2
65 3
7.0
19 6
67 1 68 4
7.2 7.4
20 0 21 8
23.0 23.6 24.2
33 32 32
24.9
3.3
70 0
7.5
23 0
73 2
7.9
24 4
71 7
7.7
25 1
State and local government expenditures. .107 4 118.9 117 9 119.8 122 9 126 8 128 7
Purchases of goods and services
100.7 110.8 110.1 111.6 114.2 117.4 118.7
Transfer payments to persons. ..
10.0 11.5 11.2 11.7 12.2 12.9 13 5
.1
1
3
2
2
2
2
Net interest paid
.
Less: Current surplus of government
enterprises
34 36 36 36 37 37 38
Surplus or deficit (-), national
income and product accounts
-1.1
-.6 -1.5
-.3
133.7
1.0
.5
3.4
133 0
122.4
14 1
3
Table 17.—Implicit Price Deflators for Gross National Product by
Major Type of Product (8.2)
122.31 128.11 127.22 128.97 130.52 132.57 133.98 135.50
122.4 128.2 127.3 129.2 130.6 132.6 134.1 135.6
Gross national product.
Final sales
Goods output
Durable goods
Nondurable goods..
113.1 117.3 116.8 117.8 119.2 120.6 121.4 122.4
108.6 111.9 111.4 112.3 113 2 114.2 114.6 115.8
116.4 121.4 120.9 122.1 123.7 125.2 126.3 127.3
Services
Structures..
133.5 140.8 139.3 142.0 143.9 146.5 148.7 150.3
131.3 140.8 139.9 142.7 143.7 145.7 148.5 153.1
Addendum:
Gross auto product -
102.4 104.7 104.4 105.0 105.6 106.6 106.5 108.2
3g
.7
Table 18.—Implicit Price Deflators for Gross National Product by
Sector (8.4)
122.31 128.11 127.22 128.97 130.52 132.57 133.98 135.50
Gross national product
Table 15.—-Sources and Uses of Gross Saving (5.1)
Gross private saving
135.9 135.0 130.7 141.1 137 1 140 5 149 4
151.8
Personal saving
40.4 37.6 33.3 42.0 41 1 44 8 51 5
Undistributed corporate profits
24.9 23.9 25.2 22.9 21.9 19.4 18.8
Corporate inventory valuation adjustment
—3.3 —5 4 —6 0 —3 2 —6 5 —5 8 —4 5
Corporate capital consumption
allowances
46.5 49.8 49 3 50 1 51 0 52 0 53 0
Noncorporate capital consumption
allowances
27 5 29 1 28 9 29 3 29 7 30 2 30 6
Wage accruals less disbursements
.0
.0
.0
.0
.0
.0
.0
52 7
20.0
Government surplus or deficit (— ) ,
national income and product
accounts
—7.3
Federal
—6 2
State and local . .
— 1.1
8.7 11.8
9 3 13 4
—.6 — 1 5
8.0
83
_ 3
—5 9
.9
.9
.9
Gross investment
126.2 138.9 137.3 143.6 139.9 134.8 136 1 3 140.4
Gross private domestic investment.. 126.5 139.8 139.3 143.8 140.2 133.2 134.3 138.3
Net foreign investment
21
—.3 — 9 —2 0 _ i — 3 1 6 2 0
Statistical discrepancy
-2.4
-4.7
-5.3
-5.5
-4.3
—5.4 —3.1
Business
Nonfarm
Farm
Households and institutions
118.0
118.4
. . . 107.3
159.1
123.1 122.5 123.8 125.2 126.8 128.0 129.5
123.4 122.6 124.0 125.3 126.8 128.2 129.8
116.9 118.4 117.6 121.6 127.5 124.0 121.9
171.9
159.1 170.8 167.6 173.6 176.5 182.9 185.9 187.9
General government
54 0
31 1
.0
7.1 —1.2 — 10 9 —11.2
6 1 — 1 7 14 2 — 11 8
5 34
7
10
Capital grants received by the United
States
118.92 124.22 123.55 124.90 126.32 127.96 129.24 130.73
Private
-1.1
Table 19.—Gross National Product: Change From Preceding Period
Percent at annual rate
Percent
Gross national product:
Current dollars
Constant dollars
Implicit price deflator
Gross private product:
Current dollars
Constant dollars
Implicit price deflator
. . ..
9.0
4.8
4.0
7.7
2.8
4.7
7.3
2.2
5.0
8.4
2.7
5.6
3.9 3.3
-.9 -2.9
4.9 6.4
4.9
.6
4.3
6.1
1.4
4.6
8.6
4.9
3.6
7.5
2.9
4.5
7.2
2.1
4.9
7.1 3.6 2.1
2.6 -1.0 -3.0
4.4 4.6 5.3
4.7
.7
4.1
6.4
1.6
4.7
SURVEY OF CURRENT BUSINESS
12
Plant and Equipment Expenditure
Programs
Businessmen expect capital spending
to decline slightly this quarter and next
and then to rise moderately in the
second quarter of 1971. Spending for
the full 3rear 1970 is now expected to be
6.6 percent above 1969; this expectation
is about the same as in August but less
than reported earlier in 1970.
BUSINESS expenditures for new plant
and equipment in the third quarter
were at an annual rate of $81.9 billion,
up $1% billion from the second quarter.
Expectations reported in late October
and November indicate that spending
will edge off to $81.7 billion in the
current quarter and to $81.4 billion in
the first quarter of 1971. Expectations
CHART 8
Expenditures for New Plant and Equipment
Little change expected from second half of 1970
to first half of 1971
Billion $ (ratio scale)
100
90
80
Total Business
70
60
50
for the second quarter of 1971, which
are somewhat more tentative than
those for the immediate future, indicate
a rise to $82.2 billion (chart 8).
In all major industrial groups except
public utilities and air transport, third
quarter spending exceeded the expectations reported in August, and the
total was about $800 million above
expectations. This was only the second
quarter in 3K years in which actual
outlays exceeded expectations. However, expected fourth quarter spending
was reduced somewhat between August
and November, so that the figure for
the full year 1970 was unchanged, following sizable cutbacks in the spring
and summer (table 5).
Spending in 1970 is now expected to
total $80.6 billion, up 6.6 percent from
1969.1 There is a marked difference
between the manufacturing and nonmanufacturing sectors. The 1969 spending increase was about 11% percent
in both sectors. This year, the nonmanufacturing increase will be about
as large as in 1969, with big gains for
public utilities, air carriers, and communications firms. In contrast, manufacturing investment is expected to
be but 2 percent above 1969.
40
First half of 1971
30
Spending in the first half of 1971 is
expected to hold at the record pace
set in the second half of 1970, which
would put it 3 percent higher than in
the first half of 1970. Manufacturers
are expecting further retrenchment,
with moderate cutbacks in most goodsproducing industries. In a few iix-
20
10
Durable Goods Manufacturing
8
..i
1964
65
66
67
68
69
70
Seasonally Adjusted at Annual Rates
0
Expectations
U.S. Department of Commerce, Office of Business Economics
Data: OBE-SEC
70-12-8
1. Thereported figures for expectations are adjusted for systematic biases in survey responses. The adjustment procedures are described on pages 36 through 39 of the February
1970 SURVEY. Before adjustment, 1970 expenditures were expected to be $79.55 billion for all industries, $32.07 for manufacturing, and $47.48 for nonmanufacturing. The adjustments were applied separately to each major industry; the
net effect was to raise the manufacturing total by $0.19 billion
and the nonmanufacturing total by $0.83 billion.
December 1970
dustries, such as motor vehicles and
rubber, where cutbacks in the second
half of 1970 are particularly sharp,
increases are expected early next year.
Spending by nonmaufacturing industries is expected to show only a
very modest increase in the first half of
1971. Public utilities and communications firms continue as the major areas
of strength. The slower growth of
spending for the nonmanufacturing
group as a whole is mainly due to a
swing to reductions by transportation
and commercial firms.
Manufacturers' Programs
Manufacturers' expenditures edged
down to an annual rate of $32.2 billion
in the third quarter. Expectations are
for little change in the fourth quarter,
followed by further declines in the first
half of 1971. The decline from the
record high in last year's third quarter
has been somewhat greater in the
durables group than in nondurables.
Expenditures by durable goods producers dropped 4 percent in the third
quarter and are expected to decline 3
percent in the fourth quarter. An
increase is expected in the first quarter
because of exceptionally large programs
Table 1.—Plant and Equipment Expenditures, Annual Percent Change
Actual
1969
All industries i _ . _ . 11.5
Manufacturing l
11.7
Expected 1970 as reported in:
Nov.
Feb.
May
9.8
7.8
6.6
6.6
9.2
3.7
1.2
1.8
Aug.
-.4
Durable goods * .
13.0 9.6
-.5
3.0
-.8
Primary metals
-3.8 6.8
3.8 -1.8
Electrical machinery 14.4 13.9
15.5 10.6 10.4
Machinery except
4.0
2.1
21.1 18.9
7.2
electrical
Transportation
11.5 -9.4 -14.3 -12.9 -11.3
equipment.
Stone, clay, and glass . 24.0 13.6 -1.7 -13.5 -7.9
Nondurable goods J _ . .
Food including
beverage . .
Textile
Paper
Chemical .
Petroleum _ .
Rubber
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation..
Public utilities
C ommuni cation
Commercial and other.
10.3
17.5
18.0
19.9
8.8
4.5
10.0 13.0
11.3 -11.3
3.9
9.4
7.3
20.7
11.4
10.1
5.6
11.2 -9.3
6.1
8.1
.9
2.8
4.1
10.2 12.9
-8.1 -9.8
2.2
3.2
10.5
10.1
11.6
9.6
.7
-1.0
-12.2
-10.9
-9.9
10.7
-.3
-.3
1.0
14.2
.4
-.1 -1.6
7.0
28.5 20.7
-2.1 12.9 25.9 21.1 17.2
6.2 -3.0 -10.6 -25.3 -26.5
13.9 14.4 17.0 16.5 14.8
15.3 22.4 23.3
21.6 15.2
6.0
5.3
5.3
4.5
5.1
1. Includes industries not shown separately.
Sources: U.S. Department of Commerce, Office of Business
Economics and the Securities and Exchange Commission.
SUEVEY OF CUERENT BUSINESS
December 1970
reported by the motor vehicle industry,
but a 5 percent decline is expected in
the second quarter.
Spending by nondurable goods industries rose about 2 percent in the
third quarter, and another increase is
expected in the fourth. However, the
first half of 1971 will see a broadly
based cutback in spending.
13
Table 2.—Expenditures for New Plant and Equipment, 1970-71
[Billions of dollars, seasonally adjusted annual rates]
19 70
I
AH industries
Manufacturing
Durable goods
Nondurable goods
.
. .
Nonmanufacturing
Increases in starts of investment
projects
II
19 71
III
IV i
Ii
Hi
78.22
80.22
81.88
81.72
81.40
82.20
32.44
16.40
16.05
32.43
16.32
16.11
32.15
15.74
16.40
32.13
15.30
16.82
31.49
15.70
15.79
31.11
14.85
16.26
45.78
47.79
49.73
49.60
49.91
51.09
1. As expected in late October and November.
Sources: U.S. Department of Commerce, Office of Business Economics, and the Securities and Exchange Commission.
The value of new projects undertaken
by manufacturers was $7J£ billion in
the third quarter, up $% billion after a
very sharp decline in the second
quarter. The value was still well under
the record $9.1 billion reached in the
third quarter of last year. Both the
durable and nondurable goods groups
reported an increase in starts. The increase in the durables group centered
in the primary metals and stone, clay,
and glass industries. Third quarter
starts by primary metals producers
topped the year-earlier figure, but all
other durable goods groups showed
sharp decreases over the year. Increases
in the third quarter were more widespread among the nondurables industries, with only textile and paper
firms failing to show an advance.
Expenditures during the third
quarter exceeded the value of starts,
so that the carryover of outlays yet to
be made on uncompleted projects
dropped $800 million to $22 billion.
Carryover declined in about equa
amounts in the durable and nondurable
sectors; the primary metal and petroleum industries were the only ones
to show increases.
Pressure on capacity eases further
The proportion of capital assets in
manufacturing held by companies
which considered their facilities inadequate to meet current and year-ahead
requirements declined 1 percentage
point during the third quarter to 41
CHART 9
Manufacturers' Evaluation of
Existing Capacity*
Table 3.—Manufacturers' Evaluation of Their Capacity
[Percent distribution of gross capital assets]*
Percent of Capital Assets Held by Respondents Reporting —
1967
19 58
1970
19(59
60
MORE CAPACITY NEEDED
Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept.
31
31
30
30
31
31
31
31
30
30
30
30
50
More plant and equipment needed:
All manufacturing
Durable goods 2 . .
Primary metals
Metal fabricators 3
Nondurable goods 2. .
Food including beverage
Chemical.
Petroleum
43
40
41
45
47
48
43
44
46
44
42
41
38
31
43
49
42
78
39
39
35
47
40
38
67
27
41
41
44
41
41
65
29
44
44
46
45
49
71
32
45
41
49
49
54
58
40
46
41
49
49
46
72
39
40
30
49
46
43
56
41
40
31
47
48
44
71
42
39
33
43
53
47
73
47
37
30
41
51
46
68
48
34
30
36
49
44
68
47
33
32
35
48
44
48
61
40
30
I i i I I i i i I l i i I i i i 1 i i i I i i i 1 i i i I i i
52
55
53
50
48
47
52
51
49
50
52
51
60
_ CAPACITY ADEQUATE
55
53
54
49
53
20
60
53
50
49
58
57
31
72
50
44
51
56
53
33
70
48
41
50
52
45
27
67
48
45
48
48
41
40
59
47
44
48
48
49
25
60
53
56
48
51
53
43
58
53
54
50
49
53
27
57
53
52
52
44
49
26
53
53
54
52
47
51
31
52
56
54
56
48
53
31
53
55
51
54
48
51
51
39
5
5
6
5
5
5
5
5
5
g
g
g
7
16
3
2
5
2
1
8
15
4
2
5
2
1
9
15
5
3
6
2
1
g
15
4
3
6
2
1
7
14
3
3
5
2
1
7
15
3
3
5
3
1
7
14
3
3
4
1
1
7
15
3
3
3
2
I
g
15
5
3
4
1
10
16
7
2
3
1
10
16
g
3
3
1
12
17
11
4
5
1
About adequate:
All manufacturing.
2
Durable goods .
Primary metals
Metal fabricators 3
Nondurable goods 2_ . .
Food including beverage
Chemical.
Petroleum.
Existing plant and
needs :
equipment exceeds
All manufacturing
Durable goods 2 ___
_
Primary metals 3
Metal fabricators
2
Nondurable goods
Food including beverage.. . .
Chemical.
Petroleum
40
o
o
o
o
1. According to respondent companies' characterizations of their plant and equipment facilities, taking into account
their current and prospective sales for the next 12 months.
2. Includes industries not shown separately.
3. Includes machinery, transportation equipment, and fabricated metals industries.
Sources: U.S. Department of Commerce, Office of Business Economics and the Securities and Exchange Commission.
50
10
CAPACITY EXCEEDS NEEDS
0 I i i i I i i i I i i i I i i i I i i i I i i i I i i i I i i
1964
65
66
67
68
69
70
71
End of Quarter, Not Adjusted for Seasonal Variation
* Relative to prospective operations during the ensuing 12-month period.
Data: OBE-SEC
U.S. Department of Commerce, Office of Business Economics
70 - 12-9
SUEVEY OF CUKKENT BUSINESS
14
percent. This proportion has been
generally declining since early 1969
and is now 10 points below the record
51 percent reported at the end of
March 1966. Both the durable and the
nondurable groups reported a third
quarter decline in the "inadequate"
proportion.
The proportion of facilities considered
to be in excess of needs, which has generally shown little fluctuation, moved
up 2 percentage points during the third
quarter.
Companies owning 51 percent of
manufacturing assets on September 30
viewed them as adequate to meet near
term needs. This proportion was 1 point
below the June 30 figure and 4 points
below the high registered in the first
quarter of 1968. The 55 percent "adequate" ratio in the durables group is
close to the highest since the survey
December 1970
began in late 1963. The "adequate"
ratio in the nondurables group is 10
points below the record.
However, railroads and other transportation companies are spending less
this year than last. The railroads' retrenchment is in road rather than in
equipment; for the "other transportaNonmanufacturing Programs tion" group, the cutback is primarily in
trucking.
Aggregate investment by nonmanuElectric utilities expect to spend
facturing companies is expected to total $10.8 billion in 1970, up $1.9 billion or
$48.3 billion this year, up $4% billion 21 percent from 1969. These companies
or 10 percent from 1969. Following plan further increases in the first half
increases of about 4 percent in the sec- of 1971. Gas and other utilities are
ond and third quarters, a slight decline spending $2.5 billion this year, down
is expected in the fourth, to be followed from $2.7 billion last year, but are
by small increases in the first two looking forward to some pickup early
quarters of 1971.
in 1971.
Movements within the group are
Starts of new projects by utilities
diverse. The major strength in 1970 dropped steeply in the third quarter
stems from communications, air trans- after having risen sharply in the second.
port, and public utility firms.
However, starts exceeded expenditures
Airlines' outlays will total about $2.9 so that carryover rose $200 million to
billion in 1970, up 17 percent from 1969. $23 billion.
Table 4.—Starts and Carryover of Plant and Equipment Projects, Manufacturing and Public Utilities, 1967-70
[Billions of dollars]
Carryover 2
Starts i
Annual
Manufacturing 3.
1970
1969
1967
1968
1969
I
II
III
IV
I
II
1970
1969
III
Mar.
June
Sept.
Dec.
Mar.
June
Sept.
26.50
29.64
34.07
8.49
8.72
8.06
8.80
8.64
6.92
6.54
21.77
22.66
22.57
22.26
23.75
22.51
21.09
Durable goods 3
Primary metals
Electrical machinery
Machinery except electrical
Transportation equipment «
Stone, clay, and glass
12.42
2.81
1.54
2.68
2.24
.66
14.59
3.21
1.81
2.70
2.90
1.06
16.85
2.96
2.80
3.60
2.66
1.08
4.19
.76
.61
.89
.73
.35
4.30
.69
.68
.95
.87
.23
4.03
.75
.75
.77
.65
.31
4.32
.75
.77
.99
.41
.18
4.42
.65
.82
.84
.78
.32
3.37
.54
.41
.86
.58
.13
3.13
.93
.36
.68
.35
.22
11.38
4.02
1.46
1.16
2.84
.73
11.70
3.90
1.64
1.28
3.02
.69
11.70
3.85
1.90
1.18
2.90
.73
11.43
3.70
2.02
1.16
2.60
.62
12.27
3.67
2.36
1.17
2.78
.70
11.56
3.43
2.21
1.10
2.68
.56
10.82
3.54
2.02
.94
2.43
.55
Nondurable goods 3
Food including beverage
Textile .
Paper.
Chemical. ._ -Petroleum
14.08
2.00
.53
1.52
2.48
5.59
15.05
2.32
.59
1.42
2.98
5.57
17.22
2.97
.60
1.59
3.62
6.19
4.30
.59
.14
.46
.88
1.66
4.41
.92
.19
.35
1.06
1.35
4.03
.69
.14
.46
1.03
1.18
4.48
.77
.14
.32
.65
2.00
4.21
.66
.16
.58
.96
1.39
3.54
.65
.15
.33
.71
1.23
3.41
.60
.10
.18
.69
1.34
10.39
1.20
.30
1.23
2.58
3.76
10.96
1.48
.33
1.18
2.88
3.79
10.87
1.49
.30
1.22
3.15
3.47
10.82
1.53
.27
1.08
2.89
3.79
11.48
1.53
.30
1.29
3.10
4.04
10.95
1.44
.31
1.19
2.92
3.90
10.24
1.32
.27
.95
2.74
3.80
12.58
12.86
15.16
5.30
2.54
3.56
3.77
5.63
4.16
2.83
18.68
18.23
18.76
19.30
22.39
23.26
22.51
7.26
21.54
22.64
23.48
23.72
24.17
22.82
22.04
12.05
4.05
1.56
1.70
2.92
.70
12.71
4.24
1.95
1.74
2.83
.79
12.67
4.08
2.09
1.79
2.65
.70
12.90
3.87
2.30
1.60
2.81
.76
12.21
3.68
2.15
1.66
2.59
.62
11.80
3.92
1.98
1.60
2.38
.60
Public utilities
Adjusted for seasonal variation
Manufacturing 8
8.42
8.89
9.11
8.33
8.56
6.76
Durable goods 3
Primary metals. . .
Electrical machinery _
Machinery except electrical
Transportation equipment *
Stone, clay, and glass
4.04
.73
.59
.60
.80
.40
4.63
.69
.68
1.47
.72
.20
4.79
1.00
.90
.96
.67
.37
3.92
.60
.67
.92
.47
.16
4.33
.61
.78
.71
.84
.32
3.39
.60
.42
.99
.45
.12
3.52
1.04
.40
.82
.36
.22
11.42
4.19
1.39
1.06
2.88
.78
Nondurable goods 3 .
Food including beverage
Textile
Paper
Chemical
Petroleum
4.39
.60
.15
.42
.89
1.76
4.26
.90
.19
.31
.84
1.34
4.32
.69
.14
.49
1.23
1.24
4.41
.83
.12
.39
.70
1.83
4.23
.71
.21
.49
.94
1.42
3.37
.59
.14
.29
.55
1.28
3.74
.63
.10
.20
.81
1.51
10.12
1.22
.30
1.17
2.58
3.78
10.59
1.52
.34
1.09
2.69
3.77
10.77
1.54
.30
1.18
3.12
3.51
11.05
1.65
.27
1.14
3.02
3.85
11.27
1.61
.33
1.20
3.13
3.99
10.61
1.50
.33
1.08
2.81
3.85
10.25
1.44
.29
.85
2.70
3.93
3.70
2.96
4.71
3.94
3.95
4.84
3.65
17.33
17.37
19.21
20.20
21.12
22.77
22.96
Public utilities
....
1. Starts are estimated by adding changes in carryover to expenditures during the given
period.
2. Carryover refers to expenditures yet to be incurred on plant and equipment projects
already underway at end of period.
3. Includes data not shown separately.
4. Includes guided missiles and space vehicles.
NOTE.—Details may not add to totals because of rounding.
Sources: U.S. Department of Commerce, Office of Business Economics, and the Securities
and Exchange Commission.
SUEVEY OF CURRENT BUSINESS
December 1970
Expenditures by commercial firms
in 1970 are expected to be up 5 percent
from 1969—an increase which about
matches the advance last year—and the
group looks to further increases in the
first half of 1971. Trade and finance
15
firms account for the increase this year
and are important in the further
expansion expected in 1971.
Table 5.—Expenditures for New Plant and Equipment by U.S. Business,1 1968-71
[Billions of dollars!
Annual
1968
1969
1969
19702
I
II
1970
III
IV
I
II
1969
1971
III
IV 2
12
I
II
III
1970
IV
I
II
III
1971
IV 2
67.76 75.56 80.58 16.04 18.81 19.25 21.46 17.47 20.33 20.26 22.52 18.12 72.52 73.94 77.84 77.84 78.22 80.22 81.88 81.72
All industries
Durable goods .3
Primary metals
Blast furnace, steel works
Nonferrous . . . - _. Electrical machinery
Machinery, except electrical
Transportation equipment 3
Motor vehicles
Aircraft4.
Stone, clay, and5 glass
Other durables
Nondurable goods
... ..
Food including beverage
Textile .
Paper
Chemical
Petroleum
Rubber
Other nondurables6.
Nonmanufacturing industries
.
81.40
6.58
7.82
8.16
9.12
7.14
8.15
7.99
8.98
6.93 29.99 31.16
- . . - .14.12 15.96 15.91
3.20
1.70
1.20
2.24
3.58
2.45
1.60
.55
.98
3.45
3.36
.71
.41
.23
.39
.72
.59
.34
.18
.23
.71
3.98
.81
.47
.27
.50
.84
.69
.40
.22
.28
.86
4.03
.81
.45
.28
.49
.86
.77
.46
.23
.27
.84
4.59
.90
.50
.32
.65
1.01
.71
.44
.19
.30
1.02
3.59
.69
.35
.27
.48
.82
.60
.38
.14
.24
.76
4.08
.78
.43
.28
.56
.93
.68
.47
.14
.27
.87
3.87
.81
.42
.31
.55
.84
.60
.41
.12
.22
.84
4.37
.92
.49
.34
.66
.99
.57
.35
.14
.25
.98
3.43 15.47 15.98 16.53 15.88 16.40 16.32 15.74 15.30
.65 3.37 3.31 3.20 3.09 3.28 3.15 3.21 3.18
.34 1.98 1.91 1.80 1.70 1.72 1.73 1.67 1.66
.24 1.04 1.12 1.11 1.12 1.25 1.12 1.21 1.22
.45 1.86 2.04 2.02 2.16 2.25 2.27 2.28 2.19
.79 3.22 3.34 3.66 3.50 3.62 3.69 3.52 3.49
.53 2.76 2.73 3.00 2.60 2.74 2.71 2.29 2.12
.36 1.57 1.55 1.78 1.67 1.70 1.85 1.54 1.34
.92
.92
.64
.67
.11
.58
.48
.50
.88
.94
.22 1.03 1.11 1.14 1.01 1.06 1.05
.90
.80 3.24 3.45 3.50 3.52 3.45 3.46 3.50 3.42
15.70
3.08
1.65
1.08
2.11
3.49
2.42
1.63
.51
.97
3.64
14.25 15.72 16.36
2.21 2.59 2.93
.53
.63
.57
... . 1.32 1.58 1.63
2.83 3.10 3.46
5.25 5.63 5.67
.98 1.09
.97
1.13 1.10 1.14
3.22
.54
.13
.31
.67
1.12
.24
.21
3.84
.64
.16
.40
.76
1.32
.28
.27
4.12
.68
.17
.41
.76
1.49
.28
.32
4.53
.73
.16
.46
.91
1.68
.28
.30
3.56
.67
.13
.37
.76
1.14
.24
.25
4.07
.74
.15
.43
.89
1.38
.25
.25
4.12
.72
.14
.42
.87
1.44
.23
.29
4.61
.80
.15
.41
.94
1.72
.25
.34
3.50 14.52 15.18 16.52 16.50 16.05 16.11 16.40 16.82
.63 2.45 2.38 2.68 2.86 3.00 2.80 2.80 3.12
.63
.61
.57
.58
.55
.57
.12
.59
.69
.32 1.42 1.58 1.62 1.70 1.71 1.65 1.68 1.52
.76 3.00 2.95 3.19 3.22 3.32 3.44 3.67 3.40
1.18 5.04 5.41 5.98 5.98 5.15 5.68 5.70 6.04
.98
.90
.91
.21 1.07 1.12 1.13 1.04 1.10
1.24 1.09 1.18 1.00 1.10 1.26
.28
.94 1.11
15.79
2.83
.51
1.49
3.32
5.36
.98
1.30
42.53 42.78 44.80 45.46 45.78 47.79 49.73 49.60
49.91
3.36
2.00
1.09
1.78
2.84
2 48
1.36
.86
.86
2.82
...
3.23
1.83
1.10
2.03
3.44
2.76
1.65
.83
1.07
3.44
.-.
- - - - - - - 39.40 43.88 48.31
Mining
Railroad
Air transportation
Other transportation
...
Communication
....
Commercial and other 7
9.45 10.99 11.10
12.27 13.54
12.34
10.32
1.86
1.83
2.94
1.24
.42
.38
.68
.38
.48
.44
.66
.46
.47
.49
.53
.40
.49
.55
.64
.44
.45
.42
.73
.28
.47
.47
.80
.31
.46
.46
.74
.30
.47
.49
.67
.34
10.20 11.61 13.33
7.66 8.94 10.85
2.54 2.67 2.48
2.36
1.88
.48
2.99
2.22
.77
3.03
2.23
.80
3.23
2.61
.62
2.54
2.15
.39
3.28
2.59
.69
3.58
2.79
.78
3.93
3.32
.62
6.83 8.30 10.24
15.14 16.05 16.86
1.81
3.41
2.00
3.97
2.11
4.07
2.39
4.60
2.14
3.76
2.59
4.26
2.56 J7.64
4.16
1.63
. 1.45
2.56
1.59
1.86
1.86
2.51
1.68
1. Excludes agricultural business; real estate operators; medical, legal, educational, and
cultural service; and nonprofit organizations.
2. Estimates are based on expected capital expenditures reported by business in late October
and November 1970. The estimates for the fourth quarter and first quarter of 1971 have been
corrected for systematic biases. The adjustment procedures are described in the February 1970
issue of the SURVEY OF CURRENT BUSINESS. Before such adjustments, 1970 expenditures were
expected to be $79.55 billion for all industries, $32.07 billion for manufacturing, and $47.48 for
nonm anufacturing.
3. Includes data not shown separately.
4. Includes guided missiles and space vehicles.
(Continued from page 8)
posits accounting for only a small part
of deposit expansion, the growth of the
money stock has been moderate—
amounting to 4% percent at a seasonally
adjusted annual rate from June to
November and 5 percent over the year
ending in November.
As banks have found themselves
under much less pressure, borrowings
from the Federal Reserve have declined and interest rates in the Federal
funds markets have dropped sharply
along with other money market rates.
With banks able once again to mobilize
funds by offering CD's at competitive
rates, there has been a large reduction
in the use of Eurodollar borrowing and
12
28.37 31.68 32.26
Manufacturing industries
Public utilities
Electric ..
Gas and other
Quarterly, seasonally adjusted annual rates
Quarterly, unadjusted
12.18
11.19
33.05 32.39 32.44 32.43 32.15 32.13 31.49
1.81
1.76
2.72
1.27
1.86
1.56
2.03
1.15
3.35 11.52 11.68 11.48 11.80 12.14 12.72 13.84 14.36
2.90 8.62 8.71 8.98 9.36 9.77 10.15 11.34 11.91
.45 2.90 2.97 2.50 2.44 2.37 2.57 2.50 2.45
15.92
13.21
2.72
.44
.36
.50
.24
1.83
1.68
2.89
1.87
1.88
1.76
2.22
1.66
1.89
2.06
2.23
1.65
1.85
1.94
2.80
1.63
1.92
1.74
2.94
1.37
1.84
1.88
2.88
1.12
1.86
1.96
3.24
1.22
7.74 7.92 8.71 8.76 9.14 10.38 10.62 J27. 68 27.38
6.31 15.00
15.67 16.78 16.67 16.52 16.98 17.00
5. Includes fabricated metal, lumber, furniture, instrument, ordnance and miscellaneous
except guided missiles and space vehicles.
6. Includes apparel, tobacco, leather and printing-publishing.
7. Includes trade, service, construction, finance, and insurance.
NOTE.—Details may not add to totals because of rounding.
Sources: U.S. Department of Commerce, Office of Business Economics, and the Securities
and Exchange Commission.
bank related commercial paper for this
purpose. In the case of commercial
paper, another influence at work is the
Federal Reserve action, effective October 1, imposing reserve requirements on
funds obtained by a bank through the
issuance of its affiliates' commercial
paper.
From June to November, loans and
investments of commercial banks (adjusted to include loans sold to bankrelated affiliates) increased $16^ billion
(seasonally adjusted) to $431 billion.
This was nearly $2 billion more than
the expansion that occurred during the
full year ending last June. Loans have
accounted for only about $5% billion of
the recent expansion in total credit,
with all of the loan increase occurring
by August; since then bank loans have
been, essentially unchanged. As is typically the case in periods when credit
restraints are relaxed, purchases of
securities have been responsible for the
bulk of bank credit expansion. Since
June, banks have added modestly to
their holdings of U.S. Government
securities (about $2% billion) and heavily (about $8K billion) to their holdings
of State and local government securities.
The fact that banks are once again
buying State and local securities is a
major reason for the decline in yields
on those securities; it is also a major
reason why these governments have
been successful in offering record volumes of new securities.
SURVEY OF CURRENT BUSINESS
16
December 1970
tially, and the amount of excess inventories declined.
Manufacturers' Inventory and Sales
Expectations, Fourth Quarter 1970
and First Quarter 1971
Inventory additions
Manufacturers added between $% billion and $1 billion to stocks in each
of the past three quarters. They expect
to add $1.3 billion in the fourth quarter
and $1.6 billion in the first quarter of
1971. Additions by durable goods producers
averaged $1% billion per quarter
MANUFACTURERS expect inven- hicle industry, are for continued growth
in
1969
and $600 million in the first
tory additions to be larger in the fourth at about the 2 percent rate recorded in
three
quarters
of 1970. Increases of
quarter of 1970 and the first quarter of the third quarter.
$700
million
and
$1.1 billion are exThe third quarter saw the first
1971 than in the first three quarters of
pected
in
the
fourth
and first quarters,
1970, according to the survey con- improvement in inventory condition
respectively.
Both
steel
and automotive
ducted in November by the Office of since the end of 1968. The percentage of
Business Economics. Sales expectations, stocks held by firms judging their producers expect larger additions in the
excluding the strike-affected motor ve- inventories to be "high" fell substan- first than in the fourth quarter.
Nondurable goods producers expect
additions of $% billion this quarter and
CHART 10 next, following no change in stocks in
the third quarter and a $600 million inManufacturers' Inventories and Sales: Actual and Expected
crease in the second.
Basic expectations are for moderate increases this quarter and next;
durable goods sales dominated by effects of auto strike
DURABLE GOODS MANUFACTURERS
Sales expectations
NONDURABLE GOODS MANUFACTURERS
Billion $
Billion $
3
3
Inventory Change
2
-
- 2
I
I
I
I
Percent
Percent
10
10
Sales Change
- 5
rrfl
-5
Ratio
Ratio
2.5
2.0
Stock-Sales Ratio
- 1.5
2.0 -
1.5
I i ii
1965
I
. . . I
66
67
I i i
68
I
69
i i I
70
I
71
I i i I I I I I
1965
Seasonally Adjusted
Note.-Fourth quarter 1970 and first quarter 1971 are expectations.
U.S. Department of Commerce, Office of Business Economics
66
i I I
I I i
67
68
t I I I i i I 1 I I i
69
70
71
1.0
Durable goods producers' sales increased 3 percent in the third quarter,
the first substantial rise in about a year.
They are expected to decline 2H percent
this quarter and rise 7 percent next.
This swing reflects an expected decline
of about one-third in auto industry
sales this quarter, followed by a sharp
recovery. Nonautomotive sales rose
2% percent in the third quarter of this
year and are expected to continue
rising at about this rate through the
first quarter of 1971.
Nondurable goods producers look for
a 1 percent sales rise this quarter, the
same as in the third. In the first quarter
of next year, a 2 percent rise is expected.
Inventory condition, September 30
The percentage of manufacturers'
stocks held by companies judging their
inventories "high" rose from 18 percent
at the end of 1968 to 24 percent at the
end of March and June 1970. On
September 30 the figure was down to
21 percent. The improvement was
widespread among the industries.
The "high" ratio for durable goods
producers was 25 percent on September
30, down 3 points from June 30. In the
SUEVEY OF CUEEENT BUSINESS
December 1970
previous six quarters the ratio had
risen from 19 to 28 percent.
The "high" ratio for nondurable
goods producers was 14 percent on
September 30, down 3 points from June
and 5 points from March. During 1969
and early 1970, the ratio had risen very
moderately.
Producers holding the bulk of inventories judged their September 30 stocks
"about right." The "low" ratio continued negligible at 1 to 2 percent.
Table 1.—Manufacturers' Inventories and Sales: Actual and Expected»
[Billions of dollars]
1970
1969
1968
1971
I
II
III
IV 2
12
95.5
63.1
32.4
97.5
64.6
32.9
98.1
64.8
33.3
97.8
64.8
33.0
99.5
65.5
34.0
102.1
67.5
34.6
94.2
62.1
32.1
95.9
63.5
32.4
97.0
64.3
32.7
97.7
64.4
33.3
98.7
65.3
33.3
99.9
66.0
33.9
101.5
67.1
34.4
166.9
93.7
73 2
162.2
88.5
73 7
168.5
93.7
74 8
165.1
90.1
75.1
171.3
94.6
76 7
165.4
88.6
76.8
168.9
91.2
77 7
175.7
97.3
78 4
162.3
89 9
72 5
167.4
93 7
73 7
168.1
93 3
74 8
165.9
90 0
75.9
166.6
90 8
75 9
170.2
93 4
76.7
168.8
91 0
77 8
176.4
97 1
79 3
I
II
III
IV
I
II
III
IV
84.3
64.6
29.7
85.8
55.8
30.0
86.4
56.1
30.3
88.2
57.0
31.2
90.9
59.3
31.6
92.5
60.9
31.6
93.4
61.6
31.8
83.8
64.3
29.5
85.6
55.5
30.1
87.1
56.5
30.6
88.6
57.4
31.2
90.4
59.0
31.4
92.2
60.5
31.7
144.9
80.5
64.4
153.9
85.8
68.1
148.7
79.1
69 6
157.1
86.4
70 7
159.1
89.1
70 0
145.4
80.3
65.1
149.6
82 2
67.4
152.6
83 1
69.5
156.6
85 9
70 7
159.6
88 8
70 8
Inventories, end of
quarter:
Unadjusted:
All manufacturing
Durables
Nondurables
Seasonally adjusted:
All manufacturing
Durables
Nondurables
Sales, total for quarter:
Unadjusted:
All manufacturing
Durables
Nondurables
Seasonally adjusted :
All manufacturing
Durables
Nondurables
17
Inventory imbalance
On September 30, manufacturers'
inventories were $2.3 billion in excess of
needs (after netting excesses of companies with "high" inventories against
deficiencies of those with "low" inventories). The net excess was $2.5 billion
in June and March, having risen from
$1.5 billion at the end of 1968. The net
excess represented less than 2% percent
of total producers' stocks.
Companies reporting their September
30 inventories as "high" indicated that
their stocks were 11 percent in excess
of needs. There was a deficiency of 10
percent for companies with "low"
inventories.
Durable goods producers reported a
net excess of $1.8 billion on September
30—less than 3 percent of their total
holdings—compared with $1.9 billion
at midyear. The excess had doubled
from the end of 1968 to mid-1970. The
net excess held by nondurable goods
producers, which had risen very little in
1969 and early 1970, fell from $600
million on June 30 to $500 million on
September 30.
1. All actual data have been adjusted to conform with the recent revision by the Bureau of the Census (Report M3-1.2).
2. Expectations reported by manufacturers in November 1970. Inventory expectations have been corrected for systematic
biases.
Sources: U.S. Department of Commerce. Expectations, Office of Business Economics; actuals, Bureau of the Census.
Table 3.—Inventory Imbalance
Table 2.—Manufacturers' Evaluation of the Condition of Their Inventories1
[Percentage distribution]
Total
High
Nondurables
Durable
About
right
High
Low
About
right
High
Low
About
right
Inventory deficiency
1.73
0.25
Net excess
Amount Percent
of total
inven(Billions of dollars)
tories
Low
March 31, 1965
June 30, 1965
September 30, 1965
December 31, 1965
16
16
16
15
81
80
81
82
3
4
3
3
20
20
22
19
77
77
76
78
3
3
2
3
9
10
8
8
87
85
88
88
4
5
4
4
March 31, 1966..
June 30, 1966
September 30, 1966.
December 31, 1966. . .
15
18
22
28
81
78
75
70
4
4
3
2
18
21
27
33
79
75
70
65
3
4
3
2
10
13
14
18
85
83
83
79
5
4
3
3
March 31, 1967
June 30, 1967
September 30, 1967
December 31, 1967
31
31
27
25
68
67
69
72
1
2
4
3
37
36
34
31
62
63
63
67
1
1
3
2
20
20
15
15
78
76
81
81
2
4
4
4
March 31, 1968
June 30, 1968
September 30, 1968
December 31, 1968
25
25
24
18
72
72
73
80
3
3
3
2
31
31
28
19
66
67
70
79
3
2
2
2
15
16
16
16
82
80
79
82
3
4
5
2
March 31, 1969
June 30, 1969
September 30, 1969
December 31, 1969
20
21
23
23
78
77
76
76
2
2
1
1
21
22
26
25
77
76
73
73
2
2
1
2
17
18
17
18
82
80
82
81
1
2
1
1
March 31, 1970
June 30, 1970. .
September 30, 1970
24
24
21
75
75
78
1
1
1
27
28
25
72
71
74
1
1
1
19
17
14
80
81
84
1
2
2
1. Condition of actual inventories relative to sales and unfilled orders position as viewed by reporting companies. Percent
distribution of inventory book values according to companies' classifications of their inventory condition.
NOTE.—Due to change in survey questionnaire, data starting December 31,1968 are not strictly comparable to prior data.
Source: U.S. Department of Commerce, Office of Business Economics.
410-758
O - 70 - 3
Inventory
excess
All manufacturers:
Dec. 31, 1968
Mar. 31, 1969
June 30, 1969....
Sept. 30, 1969...
Dec. 31, 1969...
Mar. 31, 1970....
June 30, 1970
Sept. 30, 1970
1.87
1.96
2.36
2.50
2.58
2.62
2.43
.16
.24
.15
.16
.10
.15
.11
1.48
1.71
1.72
2.21
2.34
2.48
2.47
2.32
1.7
1.9
1.9
2.4
2.5
2.5
2.5
2.4
Durable goods:
Dec. 31, 1968
Mar. 31, 1969
June 30, 1969
Sept. 30, 1969....
Dec. 31, 1969
Mar. 31, 1970...,
June 30, 1970
Sept. 30, 1970
1.19
1.31
1.35
1.75
1.91
1.97
2.00
1.91
.54
.56
.61
.61
.59
.61
.62
.52
.11
.13
1.7
2.0
1.9
.09
.10
.07
.99
1.19
.17
.64
.78
.88
.90
.84
.05
.04
.06
.04
.03
.01
.05
.04
.49
.52
.55
.57
.56
.60
.57
.48
1.6
.6
.7
.8
.7
.8
.7
1.5
.20
.12
.18
2.7
2.8
2.9
2.9
2.8
Nondurable goods :
Dec. 31, 1968
Mar. 31, 1969
June 30, 1969
Sept. 30, 1969
Dec. 31, 1969
Mar. 31, 1970
June 30, 1970
Sept. 30, 1970
Source: U.S. Department of Commerce, Office of Business
Economics.
By DAVID T. DEVLIN
The US. Balance of Payments: Third Quarter 1970
The liquidity balance showed a sharp
improvement in the third quarter, particularly after adjusting for special financial transactions. The official reserve
transactions balance, however, continued in large deficit. The liquidity deficit
in the first three quarters of 1970 improved by about $1.0 billion over the
deficit in the corresponding period in
1969 after adjustment for distortions
and the 1970 SDR allocation. The "official" balance deteriorated very sharply,
however, as U.S. monetary conditions
eased and conditions abroad remained
firm.
i
N the third quarter of 1970, the U.S.
balance of payments on the liquidity
basis, seasonally adjusted, was in deficit
by $638 million, or $855 million ex- corresponding period in 1969, an excluding allocations of SDR (table Al, traordinary $8.7 billion deterioration.
chart 11). This represented a favorable
The Liquidity Balance
shift of $596 million from the comparaThe liquidity balance is intended to
ble figures for the second quarter. In
be
a broad indicator of potential presthe first three quarters of 1970, the
sures
on the dollar resulting from
recorded liquidity deficit totaled $3.3
changes
in our liquidity position, and
billion, seasonally adjusted, a sharp
is
measured
by changes in U.S. official
improvement from the $7.4 billion
reserve assets and in liquid liabilities
deficit in the same period last year.
The balance on the official reserve to all foreigners. However, this measure
transactions basis, seasonally adjusted, has been distorted by special financial
transactions—mostly shifts of funds
was in deficit by $1,830 million in the
held by foreign official agencies and by
third quarter ($2,047 million excluding international and regional organizations
allocations of SDR). This was slightly between liquid and nonliquid catelarger ($53 million) than the second gories. Such shifts represent no real
quarter deficit. In the first three quar- change in our underlying position.
ters of 1970, the deficit totaled $6.5
NOTE.—Evelyn Parrish, as well as Leonard
billion, seasonally adjusted, compared Campbell, Richard Johnson, Max Lechter,
George R. Kruer, Nancy Keith, and Russell
with a surplus of $2.2 billion in the Scholl also made significant contributions.
CHART 11
Balance of International Payments
Billion $
CHANGE IN U.S. OFFICIAL
RESERVE ASSETS
(Increase +; decrease —)
CHANGE IN U.S. LIQUID
LIABILITIES
—; decrease -I-)
"Gold Holdings
I
1969
1968
1970
I
1968
I
I
I
t
t
I
1969
Seasonally Adjusted
o Official balance excluding allocation of SDR
• Liquidity balance excluding allocation of SDR
1. Includes changes in gold,SDR, convertible currencies, and IMF gold tranche.
U.S. Department of Commerce, Office of Business Economics
18
2. Includes certain nonliquid liabilities to foreign official agencies.
i
1970
i
1968
1969
1970
December 1970
In 1969, the liquidity balance was
also distorted by flows of U.S. funds
to the Eurodollar market. Most of
these flows were unrecorded which resulted in a sharp increase in the outflow
on the "errors and omissions" account.
Tight monetary policy in the United
States combined with certain U.S.
banking regulations resulted in large
Eurodollar borrowings by U.S. banks
through their foreign branches. This
borrowing raised interest rates in the
Eurodollar market which, in turn, attracted funds from the United States
and enlarged the liquidity deficit.
However, the flow of U.S. funds to the
Eurodollar market increased U.S. residents' liquid dollar claims on foreigners
which can be considered an offset to the
associated increase in the liquidity
deficit. In 1970, distortions due to flows
of U.S. funds to the Eurodollar market
have been much less important.
Third quarter developments
Special financial transactions had a
small adverse impact in the third
quarter in contrast to a large favorable
impact in the second when Canada
made substantial purchases of "nonliquid" U.S. Treasury securities (table
A2) .Without this adverse swing in special
financial transactions, the liquidity
balance would have improved by $1.4
SURVEY OF CUKKENT BUSINESS
19
billion, rather than the $0.6 billion
mentioned above.
The outflow on errors and omissions
dropped by $0.5 billion in the third
quarter, to slightly over $0.4 billion.
It is not clear whether this shift reflected a reduction in flows of U.S.
funds to the Eurodollar market or
other factors.
Aside from the changes in special
financial transactions and in errors and
omissions, the liquidity deficit improved
by $0.9 billion in the third quarter,
reflecting mainly an $0.8 billion net
reduction in private capital outflows
(table Cl). Bank reported claims improved $0.6 billion from an unusually
large outflow in the second quarter to a
small inflow in the third. Japan and
Canada accounted for a large part of the
swing. Foreign transactions in U.S.
stocks shifted favorably by $0.5 billion
as the U.S. stock market recovered.
The net outflow of U.S. corporate
capital declined by almost $0.4 billion,
mostly reflecting a drop in direct investment from the unusually high levels
in the first half (table C2). These favorable shifts were partly offset by a
$0.6 billion increase in U.S. purchases
of new foreign securities, as issues by
Canada and the World Bank rose
sharply.
A decline of $0.2 billion in the outflow on U.S. Government grant and
capital transactions (table Dl) also
contributed to the improvement in the
liquidity balance. However, there was a
small adverse movement in the balance
on goods and services (table Bl).
Although the surplus on investment income increased, the trade surplus was
smaller, and the deficits on military
transactions, travel, and transportation
were all slightly larger.
Developments in 1970
The recorded liquidity balance
showed an improvement of $4.1 billion
in the first three quarters of 1970
compared with the corresponding period
in 1969. However, as noted earlier, the
recorded balance has been distorted by
special financial transactions and flows
of U.S. funds to the Eurodollar market,
and the 1970 figure includes the initial
allocation of SDR to the United States.
If adjustments are made for these factors
(using "abnormal" errors and omissions
as a rough indicator of unrecorded Eurodollar flows), the underlying deficit
in the first three quarters of 1969 was
about $4^-$5 billion and the underlying deficit in the corresponding period
in 1970 was about $3^-$4 billion.
The estimated improvement of about
$1.0 billion in the underlying balance
largely reflected a $1.7 billion increase
in the surplus on goods and services,
Table Al.—Summary of U.S. International Transactions
[Millions of dollars; seasonally adjusted]
Line
Lines in tables 1 and 2 in which transactions are included are
indicated in ( )
1
2
3
4
5
6
7
Balance on goods and services (24 f)1, 2 _ 3
Personal and government transfers (27, 30) _ _ .
.. .
U.S. private and foreign capital (32t, 52 through set)1, «
U.S. Government grants and capital (29, 41f, 57f, SSt)1, 2
Allocations of SDR (62)
. .
.
Errors and omissions (63). .
Special financial transactions (table A2, line 1)
8
1970
1969
1969
I
II
III"
Change:
1970
II-III
III
IV
I-
1,104
-360
-961
-1, 010
217
-920
695
1,021
-360
-171
-838
217
-428
-79
-83
0
790
172
0
492
-774
II r
Change:
1969-70
-7,432
-3,311
4,121
-1,399
8,764
-3, 348
-12, 112
244
750
854
159
-695
-1,830
-53
2,186
-6,500
-8,686
313
-294
-1,443
-1, 079
656
-318
-210
-964
651
-309
439
-619
-2,841
-628
-1, 196
207
-922
-374
-927
-518
204
57
832
-328
-768
-960
217
-182
-253
BALANCE ON LIQUIDITY BASIS, including allocations of
SDR (table 3, line 2) = total of above lines 1-7
. -
-7,012
-1,352
-3,801
-2,279
420
-1,439
-1,234
-638
596
9
Plus: Inflow (+) of foreign private liquid funds (table 7, lines 15a,
20, 26)
..
8,716
2,842
4,742
1,180
-48
-1,875
-37
-1,436
10
Adjustment for changes in certain nonliquid liabilities to foreign
official agencies (an increase lis shown with a negative sign)
(table A2, line 3, sign reversed)
996
-37
374
517
142
421
-506
11
BALANCE ON OFFICIAL RESERVE TRANSACTIONS
BASIS, including allocations of SDR (table 3, line 16) = total
of above lines 8 through 10.
2,700
1,453
1,315
-582
514
-2,893
-1,777
1970
1,658
-166
-666
78
651
1,515
1,048
330
-270
419
-842
Revised.
» Preliminary.
fPortion of line.
1. Excludes special financial transactions (see table A2).
2. Excludes transfers under military grants.
3. Excludes military and other U.S. Government grants.
4. Excludes liquid liabilities.
1969
2,957
1,299
-882 -1,048
-1,234 -1,900
-2, 886 -2, 808
651
-3,045 -1,530
-685
363
1,949
-1, 190
-795
-3,506
r
January-September
5. All of the changes in "certain nonliquid liabilities" are included among the special
financial transactions (line 7), an increase in such liabilities improves the liquidity balance.
The balance on official reserve transactions, however, is not affected by changes in ' certain
nonliquid liabilities" since they are considered part of the financing of this balance.
NOTE.—Details may not add to totals because of rounding.
20
SUKVEY OF CURKENT BUSINESS
partly offset by a $0.7 billion increase ties, partly offset by a $0.8 billion
in net outflows of private capital. decline in U.S. purchases of foreign
The trade surplus rose $1.9 billion to securities.
$2.1 billion for the three quarters,
The increase in corporate outflows
as exports increased $5.0 billion and reflected a sharp rise in direct investimports only $3.1 billion. Part of the ments abroad which was only partially
rise in exports—and to a lesser extent offset by increased borrowing from
the rise in imports—reflected the fact foreigners. Strong economic growth
that 1969 trade had been depressed by abroad has led foreign affiliates of U.S.
the dock strike. Aside from strike firms to plan large increases in plant
effects, agricultural exports were par- and equipment spending. At the same
ticularly buoyant in 1970, and sales time, relatively tight capital markets
of aircraft were boosted by deliveries abroad and the weakness in U.S. stock
of the new jumbo jets. In addition, prices, which reduced the attractiveness
strong economic expansion in Europe of convertible issues, resulted in a
and Japan and the resulting strain on decline in new issues by U.S. companies.
capacity abroad contributed to the rise However, increased medium- and shortin exports. At the same time, the slow- term borrowing, particularly from Eurodown in the U.S. economy restrained banks, resulted in a moderate increase
the growth of imports. About two- in total foreign borrowing by U.S.
thirds of the gain in the trade balance corporations.
The weakness in U.S. stock prices
was with Europe (table B2).
The increase in net outflows of also was a factor in the sharp reduction
private capital in the first three quarters from 1969 to 1970 in foreign purchases
of 1970 largely reflected a $0.6 billion of U.S. stocks. The difficulties of
deterioration in U.S. corporate flows foreign mutual funds, which had made
and a $0.7 billion reduction in foreign large purchases in 1969 and earlier,
purchases of outstanding U.S. securi- also contributed to the reduction in
December 1970
foreign purchases. On the other hand,
high interest rates in U.S. capital
markets discouraged new Canadian
issues. There was an even larger
favorable swing in U.S. transactions in
outstanding foreign issues, from outflows in 1969 to inflows in 1970. Part
of this shift may have reflected weaker
stock prices abroad in 1970.
The "Official" Balance
The official reserve transactions ballance is intended to be an indicator
of immediate exchange market pressures
on the dollar during the reporting
period. It is measured by changes in
U.S. official reserve assets and changes
in both liquid and certain nonliquid
liabilities, but only those to foreign
official agencies. This balance may
have been distorted occasionally by
shifts of foreign official agencies' dollar
holdings between deposits in U.S. banks
and Eurodollar deposits. For instance,
a shift of official funds from a U.S.
bank to its branch abroad (with the
branch placing the funds in the parent)
would result in a decrease in U.S.
Table A2.—Special Financial Transactions
[Millions of dollars, seasonally adjusted]
Line
(Favorable effect on balance +) Lines in tables 1, 2, and 8 in which transactions are included are indicated in ( )
1970
1969
Change:
1970
II-III
1969
I
III
II
IV
I'
II '
III*
January-September
1969
1970
Change:
1969-70
Total:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Effect on balance measured on liquidity basis l
Effect on balance measured on official reserve transactions basis 2
Certain nonliquid
liabilities to foreign official agencies; decrease (— ) (table
3 line 21) 3
Long-term liabilities reported by U.S. banks (54 1)... . .
Long-term liabilities reported by U S Government (57 f 58 1) 3
Nonconvertible U.S. Treasury securities issued:
To Italy in connection with military purchases in the United
States (57 1) To Canada:
In connection with Columbia River power rights (57 f) 3 _ _ .
Other (58 1) To Germany (58 1) *
To other countries (58 1)
Export-Import Bank obligations:
To be liquidated against U.S. claims (57 1)
Other (58f)
U.S. Treasury obligations to Germany to be liquidated against
U.S. claims (57 1) *
-628
-78
207
-14
-374
34
-518
-162
57
64
-253
73
695
142
-79
77
-774
-65
-685
-142
363
292
1,048
434
-996
-834
-162
37
-43
80
-374
-195
179
-517
-390
-127
-142
-206
64
-421
-155
-266
506
-230
736
-244
-231
-13
-750
-1
-749
-628
-226
-854
-159
-616
457
695
12
683
86
-7
-106
-99
-800
-23
-250
249
-120
-23
1,100
-542
(*)
1,350
-791
120
-2
-4
-70
-4
(*)
70
32
32
-11
-5
-^
-1
-4
-14
-89
-3
-30
-175
249
-120
-8
-8
-7
75
-8
300
-542
-7
800
-8
125
-20
-7
-250
124
(*)
-100
_4
-70
—2
-10
-45
-2
-15
446
110
336
184
(*)
184
-34
9
-43
Other specialfinancialtransactions .
.
Long-term banking liabilities to Germany (54 1) 4
German Government 10-year loan to U.S. Government (58f) 4
Special deposits in accounts with U.S. Treasury (57t)
Nonscheduled repayments of U.S. Government credits (including sales
of foreign obligations to foreigners) (45 1):
21
Collected from Germany *
22
Collected from other countries.
23
Newly issued securities of Canadian Government (34 1)
-78
-14
34
r
75
-8
-130
15
Revised.
* Preliminary.
f Portion of line.
* Less than $500,000 (±).
1. Includes all special financial transactions (lines 3 through 23).
2. Includes only special financial transactions in lines 17-23.
3. Transactions in connection with Columbia River power rights regularly occur in fourth
quarter. They have been seasonally adjusted.
-2
(*)
-2
(*)
QQ
32
Liabilities to international and regional organizations; decrease ( — )
Long-term liabilities reported by U.S. banks (54 f)
Investment in nonguaranteed U.S. Government agency bonds (53 1)
17
18
19
20
(*)
1
15
34
135
1
134
96
2
94
48
-46
94
88
2
86
40
48
-8
311
109
202
232
-42
274
-79
-151
72
-162
64
73
141
55
77
-8
-15
-27
-64
-55
75
27
-142
75
(*)
291
55
75
-42
433
55
75
-34
-11
88
99
14
99
104
99
223
15
161
100
61
-154
75
2
-99
-12
-8
-119
-15
4. Transactions under agreements to offset U.S. military expenditures in Germany.
NOTE.—Details may not add to totals because of rounding.
December 1970
banks' reported liabilities to foreign
official agencies and an increase in
their liabilities to foreign branches.
This would result in an improvement in
the official balance, although there
was no net loss of reserves by foreign
official agencies or a decline in pressure
on the dollar. However, information
about such distortions is very
fragmentary.
Third quarter developments
After adjusting for changes in certain
nonliquid liabilities to foreign official
agencies, the liquidity balance showed a
sharp improvement in the third quarter.
The difference between that improvement and the small deterioration in the
official balance reflected a $1.4 billion
increase in the outflow of foreign private
liquid funds.1 In the second quarter
there was only a small outflow of such
funds (as U.S. banks' liabilities to their
branches showed a small decrease),
following a large outflow in the first.
The improvement may have been associated with the temporary tightening
in monetary conditions in the U.S. and
Eurodollar markets, encouraging private foreigners to hold dollars. In the
third quarter, on the other hand, there
was a renewed decline in short-term
interest rates in the United States, and
U.S. banks reduced their liabilities to
their foreign branches by about $1.5
billion (not seasonally adjusted).
Interest rates in the Eurodollar
market fell as U.S. banks cut their
liabilities to their foreign branches,
while rates in European national money
markets remained relatively high. The
incentive for other private foreigners to
hold dollars was thus reduced, and the
incentive to borrow dollars and convert
them into foreign currencies increased.
As a result, there were large dollar gains
by a number of foreign central banks.
By far the largest gain was in Germany
where domestic monetary conditions
remained particularly tight. Italy, the
Netherlands, France, and Switzerland
1. The difference between the recorded liquidity balance
and the official balance is accounted for by the flow of foreign
private liquid funds and changes in certain nonliquid liabilities to foreign official agencies. The latter, all of which are
special financial transactions, affect the liquidity balance but
not the official balance. If the recorded liquidity balance is
adjusted to exclude changes in certain nonliquid liabilities to
foreign official agencies, it shows an improvement of $1,346
million in the third quarter. The difference between that
improvement and the $53 million increase in the official deficit
is equal to the $1,399 million deterioration in the flow of
foreign private liquid funds.
SURVEY OF CURRENT BUSINESS
made modest gains. On the other hand,
dollar liabilities to Japanese official
agencies were reduced, perhaps reflecting a shift of dollar funds to private
Japanese banks to enable them to increase their financing of Japanese trade.
Developments in 1970
After adjustment for changes in certain nonliquid liabilities to foreign
official agencies, the liquidity balance
improved $3.4 billion in the first three
quarters of 1970 over the corresponding
period in 1969. At the same time, the
official reserve transactions balance
deteriorated by $8.7 billion—from a
$2.2 billion surplus to a $6.5 billion
deficit. The difference between the
movements in the two balances reflected an enormous $12.1 billion shift
in the flow of foreign private liquid
funds—from a $8.8 billion inflow in
1969 to a $3.3 billion outflow in 1970.
These flows are roughly equal to the
changes in U.S. banks' liabilities to
their foreign branches, which increased
$8.8 billion in 1969 and declined
$3.0 billion in 1970 (not seasonally
adjusted).
The flows in both periods largely
reflect the impact of monetary policy,
both here and abroad, as well as changes
in Federal Reserve regulations. In
1969, monetary policy in the United
States was very restrictive. U.S.
interest rates rose quite sharply (chart
13) and Regulation Q limited the rates
that U.S. banks could pay on deposits
in the United States but not on funds
obtained through their foreign branches.
As a result, U.S. banks borrowed
enormous amounts of funds in the Eurodollar markets through their foreign
branches, and interest rates there rose
quite sharply. This increased the incentive for private foreigners to hold
dollars and thus attracted funds out of
local money markets abroad. There
was a corresponding loss of dollars by
foreign central banks and a large
surplus in the official reserve transactions balance of the United States.
In 1970, monetary conditions in the
United States eased sharply while
monetary conditions abroad remained
tight. Easier conditions in the United
States led to the sharp reduction in
Eurodollar borrowing by U.S. banks.
21
This reduction was also stimulated by
the marginal reserve requirements imposed on Eurodollar borrowing by the
Federal Reserve Board in the fall of
1969, and by the banks' success in
developing an alternative domestic
source of funds through the issuance of
commercial paper by bank holding
companies. The incentive for Eurodollar borrowing by U.S. banks was
further reduced when Regulation Q
ceilings were raised in January and,
particularly, when ceilings were suspended on large CD's of less than 90
days' maturity in June.
Particularly large dollar gains were
made early in the year by the United
Kingdom, reflecting high interest rates
and a strong return of confidence in
sterling. Subsequently, Germany took
in very large amounts of dollars as the
German central bank tightened credit
in order to restrain the economy.
Financing the Balances
U.S. official reserve assets decreased
$801 million in the third quarter. (Figures in this section are not seasonally
adjusted.) The decline reflected: (1) a
$395 million drop in official gold holdings; (2) a $34 million increase in SDR
holdings; (3) a $34 million decrease in
U.S. official holdings of convertible
foreign currencies, as repayments by
foreigners of past drawings on mutual
swap facilities more than offset new
drawings; and (4) a $406 million
decrease in our gold tranche position
at the IMF (essentially our automatic
drawing rights) resulting from dollar
payments of $132 million to the IMF
by the United States for gold and SDR
and net repayments by foreigners of
U.S. dollars to the IMF.
Liquid liabilities to all foreigners increased $860 million. This increase,
plus the $801 million decrease in reserve
assets, financed the liquidity deficit of
$1,661 million. Liquid liabilities to all
foreign commercial banks declined
$1,125 million, with U.S. banks' liabilities to their foreign branches dropping
$1,523 million. Liquid liabilities to
foreign official agencies increased $2,046
million; those to international and
regional organizations rose $87 million;
and those to other foreigners decreased
$148 million.
SUEVEY OF CUEEENT BUSINESS
22
The third quarter deficit of $2,611 liquidity basis by $80 million in the
million on the official reserve transac- third quarter, a shift of $775 million
tions basis was financed by the $2,046 from the $695 million favorable impact
million rise in liquid liabilities to foreign in the second quarter. Most of these
official agencies, a $236 million decrease special financial transactions do not
in certain nonliquid liabilities to foreign affect the official reserve transactions
official agencies, and the $801 million balance; the net impact on that balance
was favorable by $75 million in the
drop in U.S. reserve assets.
Several transactions with the IMF in third quarter and by $140 million in the
September resulted in changes in official second.
reserve assets and liquid liabilities that
In the first 9 months of 1970, special
were offsetting and did not affect either financial transactions favorably affected
balance. The IMF withdrew $23 million the liquidity balance by $365 million,
of gold from its gold deposit in the a $1,050 million swing from the $685
United States and repurchased $400 million adverse impact in the corremillion of gold from its gold investment sponding period of 1969. The transacfund in the United States. To replenish tions that affect the official reserve
its holdings of U.S. dollars, the IMF transactions balance shifted $435 million,
sold $102 million of gold and $30 from an adverse impact of $140 million
million of SDR to the United States last year to a $290 million favorable
for dollars. These transactions resulted impact this year.
Changes in certain nonliquid liabiliin a net decline of $321 million in U.S.
gold reserves, a $132 million decline ties to foreign official agencies—special
in the U.S. gold tranche position, and financial transactions that affect only
a $30 million increase in SDE holdings. the liquidity balance—shifted adversely
Offsetting those changes was a $423 in the third quarter by $750 million.
million net reduction in U.S. liquid Such liabilities decreased $245 million,
liabilities to the IMF.
reflecting a $230 million decline in
U.S. banks' long-term liabilities to
foreign official agencies and a $15
Special Financial
million decrease in U.S. Government
Transactions
long-term liabilities. In the second
Special financial transactions ad- quarter, there had been a $505 million
versely affected the balance on the increase. At that time, U.S. Govern-
December 1970
ment long-term liabilities rose $735
million, largely reflecting a $800 million
Canadian purchase of nonmarketable,
medium-term U.S. Government securities. Partly offsetting that rise in
Government liabilities was a $230
million decline in U.S. banks' longterm liabilities to foreign official
agencies.
Special financial transactions with
international and regional organizations, which also affect only the liquidity
balance, were favorable by $90 million
in the third quarter as compared with
$50 million in the second. Long-term
liabilities reported by U.S. banks rose
slightly, a favorable shift of $50 million
from the previous quarter. Purchases
of U.S. agency bonds were $85 million,
slightly less than in the second quarter.
The remaining special financial transactions, which affect both balances, had
a favorable impact of $75 million in
the third quarter, as compared with
$140 million in the second. Transactions
under the offset agreement with Germany, which account for most of this
group, had a favorable impact of $75
million in the third quarter, as compared with $155 million in the second.
The third quarter transaction under
the offset agreement was a $75 million
10-year loan by the German Government to the United States Government.
Table Bl.—Goods and Services
[Millions of dollars, seasonally adjusted]
1970
1969
Line
Lines in tables 1, 2 and 8 in which transactions are included
are indicated in ( )
1
2
3
4
5
6
7
8
9
10
Exports of goods and services (2) *
Merchandise, adjusted, excluding military (3) .
Transfers under military sales contracts (4) _
Transportation (6)
Travel (7)
Other services (8 through 10) . . .
Income on U.S. investments abroad (11 through 13)
Direct investments (11)
Other private assets (12) ...
U.S. Government assets (13) .
11
12
13
14
15
16
17
18
19
Imports of goods and services (14)
Merchandise, adjusted, excluding military (15)
Military expenditures (16) _.
Transportation (17)
Travel (18)
Other services (19, 20)
Income on foreign investments in the United States (21, 22)..
Private payments (21)
U.S . Government payments (22)
20
21
22
23
24
25
26
BALANCES:
Goods and services, total1 (2, 14) .
Merchandise, adjusted, excluding military (3, 15) .
Military transactions (4, 16)
Transportation (6, 17) . _
Travel (7, 18)...
Other services (8 through 10, 19, 20)
Investment income (11 through 13, 21, 22)
r
Revised.
? Preliminary.
1. Excluding transfers under military grants.
1969
55,514
36, 473
1,515
3,131
2,058
3,498
8,838
5,639
2,267
932
I
II
III
IV
I'
II'
III"
11, 948
7,472
391
660
501
835
2,089
1,342
519
228
14,291
9,585
313
827
520
896
2,150
1,370
549
231
14,565
9,581
458
843
519
878
2,286
1,455
588
243
14, 712
9,835
352
803
518
890
2,314
1,472
611
231
15,342
10,228
258
877
559
921
2,499
1,601
654
244
15, 914
10, 705
432
926
575
974
2,302
1,410
648
244
15,924
10, 678
341
940
578
980
2,407
1,505
674
228
-53,564 -11,618 -13, 978 -13,909 -14, 061 -14,510 -14,810 -14, 903
-35,835 -7, 576 -9, 606 -9, 263 -9, 390 -9, 723 -9, 876 -9, 958
-4,850 -1, 198 -1, 187 -1, 220 -1,245 -1, 178 -1, 255 -1, 214
-977
-3,608
-775
-907
-960
-967
-976
-1,030
-990
-820
-875
-840
-920
-3, 390
-855
-1,025
-1,419
-344
-352
-372
-387
-351
-384
-365
-4, 463
-905
-1, 071 -1,240 -1, 247 -1, 348 -1, 325 -1,292
-999
-719
-3,686
-881 -1,042 -1,044 -1, 138 -1,090
-203
-293
-777
-186
-190
-198
-210
-235
1,949
638
-3, 335
-477
-1,332
2,079
4,375
330
-104
-807
-115
-319
491
1,184
313
-21
-874
-80
-335
544
1,079
656
318
-762
-117
-356
527
1,046
651
445
-893
-164
-322
518
1,067
832
505
-920
-99
-361
556
1,151
1,104
829
-823
-51
-415
587
977
1,021
720
-873
-90
-447
596
1,115
Change:
1970
II-III
January-September
1969
1970
40,804
26, 638
1,162
2,330
1,540
2,609
6,525
4,167
1,656
702
47, 180
31, 611
1,031
2,743
1,712
2,875
7,208
4,516
1,976
716
6,376
4,973
-131
413
172
266
683
349
320
14
-93 -39,505 -44, 223
-82 -26, 445 -29, 557
41 -3, 605 -3, 647
-53 -2, 642 -2, 983
-35 -2, 550 -2, 935
3 -1,047 -1, 136
33 -3, 216 -3, 965
91 -2, 642 -3, 227
-738
-574
-58
-4,718
-3,112
-42
-341
-385
-89
-749
-585
-164
2,957
2,054
-2,616
-240
-1, 223
1,739
3,243
1,658
1,861
-173
72
-213
177
-66
10
-27
-91
14
3
6
105
95
26
-16
-83
-109
-50
-39
-32
9
138
1,299
193
-2,443
-312
-1, 010
1,562
3,309
NOTE.—Details may not add to totals because of rounding.
Source: U.S. Department of Commerce, Office of Business Economics.
Change:
1969-70
December 1970
SURVEY OF CURRENT BUSINESS
nonagricultural exports, which fell $95
million. Agricultural exports had risen
The surplus on goods and services $105 million in the second quarter and
declined $85 million in the third quarter the third quarter gain put them at
to $1,020 million (table Bl). The bal- an alltime high, surpassing the peak
ances on trade, military transactions, reached in the third quarter of 1966.
transportation and travel all deterior- Exports of feedgrains and soybeans
ated slightly, while the balance on continued to climb, more than offsetting
investment income improved.
declines in agricultural industrial supplies, principally cotton and tobacco,
Merchandise trade
which had been strong earlier in the
year.
The merchandise trade surplus was
The drop in nonagricultural exports
$720 million in the third quarter, down in the third quarter was in sharp con$110 million from that in the second, trast to the $370 million rise in such
but still substantially higher than the exports in the second. Exports of transsurpluses in the preceding two quarters portation equipment—both aircraft and
(table B2). Exports declined $25 mil- automotive—and of a broad range of
lion to $10,680 million, following large industrial supplies and materials degains in the first and second quarters. clined, partly offset by a large increase
Imports rose only $85 million to $9,960 in shipments of machinery. Consumer
million, continuing the deceleration in goods showed little change (chart 12).
growth that began earlier in the year.
Machinery exports increased $225
(All figures cited are on a balance of million, following $100 million gains in
payments basis, which excludes "mili- each of the preceding two quarters.
tary" exports and imports of the De- This probably reflected still relatively
partment of Defense and reflects various high capacity utilization rates in manuother adjustments to the trade data facturing in the oversea industrial
reported by the Census Bureau.)
countries, as well as deliveries of longIn the first 9 months of 1970, exports lead capital equipment orders placed
totaled $31.6 billion, seasonally ad- earlier. The decrease in exports of
justed; imports totaled $29.5 billion; nonagricultural industrial supplies and
and the surplus was $2.1 billion. Com- materials—characteristically short-lead
pared with the corresponding period in items—amounted to some $160 million,
1969, exports rose nearly $5.0 billion following increases averaging about
(19 percent), imports rose $3.1 billion $140 million in the three preceding
(12 percent), and the surplus rose $1.9 quarters. The drop was concentrated in
billion. These figures somewhat exag- shipments to Western Europe, evigerate the underlying gain in 1970 dently reflecting an attempt to adjust
because 1969 figures on exports and over-built inventories associated with
imports were depressed by the dock the slowdown in economic activity
strike. The improvement was concen- there. Inventory surpluses abroad aptrated in trade with Western Europe; pear to have expanded the availability
the surplus with that area rose $1.6 of foreign supplies for export, and were
billion, to a total of $2.3 billion. The probably a factor in the third quarter
trade deficit with Japan improved rise in U.S. imports of steel.
$250 million to $810 million. The surDeliveries of complete aircraft
plus with developing countries im- dropped $265 million in the third
proved $420 million. On the other quarter, but there was a $90 million
hand, the trade deficit with Canada increase in exports of parts and engines.
worsened by $570 million, reaching The cutback in complete aircraft
nearly $1.0 billion in the first three stemmed largely from a temporary
slowdown in delivery of jumbo jets
quarters of 1970.
following large shipments a quarter
Exports. The slight decline in total earlier; in addition, there was some
exports in the third quarter reflected postponement in scheduled deliveries of
divergent movements in agricultural conventional-size transports. Exports of
exports, which rose $70 million, and complete planes rose sharply in October.
Goods and Services
23
Automotive exports to Canada fell
$55 million in the third quarter, following a strong $170 million rise in the
second. The strike at General Motors
affected an important segment of the
industry in both the United States and
Canada beginning mid-September, and
reduced U.S. exports to, and imports
from Canada. However, automotive
exports to overseas markets rose $25
million.
Exports of other commodities showed
a moderate rise in the t.hird quarter.
Imports. The growth of imports,
which had slowed from $335 million in
the first quarter to $155 million in the
second, decelerated to only $85 million
in the third. Imports of capital equipment and nonfood consumer goods,
which had contributed to the strong
growth in imports during the period of
cyclical expansion in the United States,
appeared to be responding to the slowdown in economic activity. Machinery
imports rose less than $10 million in
both the second and third quarters,
compared with a $100 million rise in the
first. Nonfood consumer goods (excluding automotive) rose $25 million in
the third quarter, a bit more than in the
second quarter but far below the $155
million increase in the first.
Imports of industrial materials, however, rose $85 million, reversing a
decline of about the same size in the
preceding quarter. Imports of steel
and copper continued to rise, while
there were decreases in paper, fuels,
and other nonmetals. The gain in steel
imports, which were up in both tonnage
and value, may have been associated
with the slowdown abroad which
resulted in increased supplies available
for export. The decline in fuels was
concentrated in crude petroleum imports, which were restrained in both
the second and third quarters by new
quotas on Canadian oil, a restricted
flow of Libyan oil, the disablement of
a major Middle East pipeline, and a
worldwide shortage of tankers.
Food imports declined $100 million
in the third quarter. Nearly half the
drop was due to a reduction in coffee
arrivals which closely matched a sharp
fall-off in domestic roastings. Sugar
imports, which had continuously increased since mid-1969, also fell. Meat
24
SUEVEY OF CUEKENT BUSINESS
CHART 12
U.S. Exports and Imports by Major Commodity Category
IMPORTS
EXPORTS
Billion $
Billion $
44
44
Total „
40
40
Total
36
36
32
32
December 1970
was one of the few food imports to show
an increase.
Total automotive imports rose $45
million in the third quarter, compared
to a gain of over $200 million in the
second. The entire third quarter rise
was in imports from oversea producers,
and with domestic sales of foreign cars
showing some weakness, foreign car
inventories rose sharply. Automotive
imports from Canada, which were
affected by the General Motors' strike,
showed a slight decline in the third
quarter in contrast to a rise of over $100
million in the second. Passenger car
imports from Canada fell sharply, but
imports of automotive parts and trucks
increased.
Military transactions
28
28
16
16
\
Industrial Supplies and Materials
Industrial Supplies and Materials
12
12
\
Machinery
Consumer Goods
Foods, Feeds, and Beverages
,--' \
Foods, Feeds, and Beverages
Consumer Goods
Machinery
i
i
i
Civilian Aircraft, X.
I Complete
i
i
Civilian Aircraft, Complete
\
i
AUTOMOTIVE VEHICLES AND PARTS
AUTOMOTIVE VEHICLES AND PARTS
\
To Canada
\
To All Other Areas,
From All Other Areas
i
1969
_i
i
i
1970
1969
Quarterly, Seasonally Adjusted at Annual Rates
Note.—Data for first and second quarters of 1969 are distorted by effects of dock strike.
U.S. Department of Commerce, Office of Business Economics
1970
The balance on military transactions
(excluding transfers under military
grants) was in deficit by about $875
million in the third quarter, a deterioration of $50 million from the second. A
decline of $90 million in transfers under
military sales contracts reflected sharp
reductions in shipments to Israel and
Germany—which had been unusually
large in the second quarter—that were
only partly offset by a $65 million
transfer of F-4 aircraft to the Royal
Australian Air Force.
U.S. military expenditures abroad
declined $40 million in the third quarter.
(While this account, as a whole, has no
clear and consistent seasonal pattern
and thus no seasonal adjustment, some
of its components display seasonal
movements in certain quarters.)
Spending was down in Canada, owing to
the lower level of contract awards for
major equipment placed there, and in
Japan, reflecting a normal seasonal
decline in payments for services.
Expenditures in "other Asia and
Africa'' dropped slightly as the United
States continued to trim the size of its
military forces there. Personal expenditures were down in all areas following
the second quarter disbursement of
most of the retroactive portion of the
April increase in military and civilian
pay. Increased seasonal purchases of
foreign products by the Post Exchanges
to meet the demand of Christmas
shoppers prevented a larger drop.
SUEVEY OF CUERENT BUSINESS
December 1970
Transfers under military sales contracts in the first three quarters of 1970
were $1.0 billion, $130 million less than
in the same period last year. Military
expenditures abroad were $3.6 billion
this year, up very slightly from 1969,
and the deficit on military transactions
was about $175 million larger this year.
The fact that military spending was
essentially unchanged from 1969 to
1970 reflects the reduction in U.S.
participation in the Vietnam conflict
and other cost cutting measures. Sixty-
eight military installations abroad have
been closed since the beginning of 1969,
activities at a number of others have
been reduced, and authorized troop
levels have been reduced in Vietnam,
Korea, Thailand, and the Philippines.
The effects of these measures have been
offset by pay raises for the military, for
U.S. civilians, and for foreign personnel. A decrease in outlays for construction projects was offset by an increase in
services expenditures, reflecting rising
prices in many of the countries where
25
U.S. forces are concentrated; also,
dollar costs in Germany were increased
by the revaluation of the mark.
Investment income
The balance on investment income
rose $140 million to $1,115 million in
the third quarter, reflecting a rise in
income on U.S. direct investments,
particularly in EEC countries, and a
decrease in payments to foreigners on
their dollar holdings. The latter was
associated with the decline in interest
Table B2.—U.S. Merchandise Exports and Imports, by Major World Areas1—Balance of Payments Basis
[Millions of dollars, seasonally adjusted]
1969
1969
I
II
1970
III
IV
I'
11 r
Hip
Change:
1970
II-III
January-September
1969
1970
Change:
1969-70
EXPORTS
Total, all countries (line 3, tables 1, 2, 8)... .
Agricultural goods
Nonagricultural goods
Developed countries, total
.. . .
Western Europe
United Kingdom
.. .
Other Western Europe (incl. EEC)
Canada ._
Japan
... .
Australia, New Zealand, and South Africa
Developing countries, total
Latin American Republics and other Western Hemisphere
Eastern Europe
Other countries in Asia and Africa
.
36,473
7,472
9,585
9,581
9,835
10,228
10, 705
10,678
-27
26,638
31,611
4,973
6,011
30,462
980
6,492
1,758
7,827
1,590
7,991
1,683
8,152
1,683
8,545
1,788
8,917
1,855
8,823
67
—94
4,328
22, 310
5,326
26, 285
998
3,975
25,674
5,499
6,486
6,742
6,950
7,232
7,542
7,546
4
18,727
22,320
3,593
11,638
2,026
9,612
9,179
3,503
1,364
2,256
392
1,864
2,304
689
250
3,056
536
2,520
2,200
876
354
3,084
513
2,571
2,352
946
360
3,239
584
2,655
2,334
987
390
3,416
584
2,832
2,343
1,114
359
3,690
692
2,998
2,310
1,151
391
3,572
603
2,969
2,320
1,221
433
-118
-89
-29
10
70
42
8,396
1,441
6,955
6,856
2,511
964
10, 678
1,879
8,799
6,973
3,486
1,183
2,282
438
1,844
117
975
219
10,799
1,973
3,099
2,839
2,885
2,996
3,163
3,132
-31
7,911
9,291
1,380
5,632
253
5,014
1,095
34
844
1,515
64
1,520
1,446
85
1,308
1,463
80
1,342
1,558
76
1,362
1,628
91
1,444
1,620
110
1,402
-8
19
-42
4,056
183
3,672
4,806
277
4,208
750
94
536
IMPORTS
Total, all countries (line 15, tables 1, 2, 8)
35,835
7,576
9,606
9,263
9,390
9,723
9,876
9,958
82
26,445
29,557
3,112
Developed countries, total
26, 156
5,473
7,044
6,778
6,848
7,059
7,152
7,233
81
19,295
21,441
2,149
10, 214
2,112
8,102
9,994
4,893
1,055
1,848
408
1,440
2,422
988
215
3,022
609
2,413
2,447
1,308
267
2,807
573
2,234
2,396
1,278
297
2,566
517
2,049
2,713
1,296
273
2,671
580
2,091
2,699
1,389
300
2,835
553
2,282
2,666
1,402
249
2,858
528
2,330
2,584
1,505
286
23
-25
48
-82
103
37
7,677
1,590
6,087
7,265
3,574
779
8,364
1,661
6,703
7,949
4,296
835
687
71
616
684
722
56
9,679
2,103
2,562
2,485
2,542
2,664
2,724
2,725
1
7,150
8,113
963
5,217
199
4,263
1,143
44
916
1,389
57
1,116
1,333
49
1,103
1,370
49
1,123
1,451
59
1,154
1,545
52
1,127
1,476
49
1,200
-69
-3
73
3,865
150
3,135
4,472
160
3,481
607
10
346
193
2,054
1,861
Western Europe
United Kingdom
Other Western Europe (incl. EEC)
C anada
Japan
Australia, New Zealand, and South Africa
Developing countries, total
.
Latin American Republics and other Western Hemisphere
.
. ... ._
Eastern Europe Other countries in Asia and Africa
BALANCE
Total, all countries
Developed countries, total
Western Europe
United Kingdom
Other Western Europe (incl. EEC)
Canada
Japan..
Australia, New Zealand, and South Africa
Developing countries, total
Latin American Republics and other Western Hemisphere . _ _
.
.
Eastern Europe
Other countries in Asia and Africa
r
638
-482
1,424
-86
1,510
-815
-1, 390
299
1,120
315
54
751
-104
26
408
-16
424
-118
-299
35
-130
-48
-10
-72
318
445
505
829
720
-36
102
173
390
313
-77
-568
34
-73
107
-247
-432
87
277
-60
337
44
-332
63
673
67
606
-379
-309
117
745
4
741
-356
-275
59
855
139
716
-356
-251
142
714
75
639
-264
-284
147
-141
-64
-77
92
-33
5
537
354
343
332
439
407
126
7
404
113
36
205
93
31
219
107
17
208
83
39
317
144
61
202
-21
-558
Revised. 'Preliminary.
1. Annual country and area data shown in this table match the corresponding annual data
in table 8, lines 3 and 15. Seasonally adjusted quarterly data, by country and area, shown in
-109
876
1,444
719
-149
868
-409
-1,063
185
2,314
218
2,096
-976
-810
348
1,595
367
1,228
-567
253
163
-32
761
1,178
417
61
22
-115
191
33
537
334
117
727
143
84
190
this table are computed from corresponding unadjusted quarterly data in table 8, lines 3 and 15.
NOTE.—Seasonally adjusted quarterly details may not add to unadjusted annual totals.
SURVEY OF CURRENT BUSINESS
26
rates paid on such holdings as U.S. Despite the third quarter reduction
liabilities continued to rise.
in outflows for direct investment, U.S.
corporations may still need to increase
U.S. Corporate Capital
borrowing abroad before the end of the
year in order to meet OFDI program
The net outflow of corporate capital requirements. Such borrowing, includwas $355 million in the third quarter, ing short-term when there is a renewal
down from $715 million in the second provision, may be used to offset direct
and $1.0 billion in the first (table 02). investment outflows under the program.
The $360 million improvement in the Alternatively, corporations may arthird quarter was the result of a large range large temporary yearend inflows
reduction in outflows for direct invest- through intercompany transfers on the
ment, partly offset by a cut in corporate direct investment account.
borrowing abroad. Short-term borrowing continued to increase, but new issues Direct investment
The direct investment outflow was
and other long-term borrowing fell.
Corporate capital flows showed an $760 million in the third quarter, down
adverse shift of $640 million from the $675 million from the second. Geofirst three quarters of 1969 to the same graphic data (which are not seasonally
period of 1970, largely as the result of adjusted) indicate that the reduction
an $810 million increase in direct was widespread, but over half of it was
investment outflows. Corporations in- in "other countries in Asia and Africa."
creased their borrowing abroad by The shift in this area reflected the ac$345 million despite the tight conditions tivities of petroleum companies in the
in foreign capital markets. However, oil producing countries. The change in
there was a distinct shift to shorter transactions with Libya was particuterm borrowing as companies sought larly large and far more than might
to avoid long-term commitments at have been expected due to the seasonality of tax payments. An additional $80
high rates. Partly offsetting the in- million of the third quarter reduction
crease in borrowing, corporate claims was due to the liquidation of a major
other than direct investments moved direct investment in Latin America
adversely, rising $175 million more (offset in the accounts by an increase in
this year than in the corresponding long-term claims). Thus it appears that
about half of the third quarter shift reperiod in 1969.
December 1970
flected special factors. Even after allowing for such factors, however, third
quarter outflows were smaller than in
the first two quarters.
Capital outflows for direct investment were $810 million larger in the
first three quarters of 1970 than in the
same period of 1969—despite the reduction in this year's third quarter and the
fact that outflows last year were
swollen by flows to Germany in anticipation of the mark revaluation.
Outflows to the EEC increased $140
million between the two periods; those
to the United Kingdom increased $280
million; and those to Canada increased
$240 million.
Heavy plant and equipment spending
by foreign affiliates of U.S. firms (as
indicated in the survey taken by OBE
last June) is probably an important
factor in the size of this year's outflow.
Moreover, foreign affiliates may have
had difficulty borrowing in the face of
relatively tight credit conditions abroad,
and thus relied more heavily on their
U.S. parents for the financing necessary
for expansion.
Corporate borrowing and claims
Corporate borrowing abroad totaled
$555 million in the third quarter, $260
million less than in the second. Longterm borrowing declined while short-
Table Cl.—U.S. Private and Foreign Capital 1
[Millions of dollars, seasonally adjusted]
Credits (+); debits (-)
Line [Lines in tables 1, 2 and 8 in which transactions are included are
indicated in ( )]
1 U.S. private and foreign capital (32f, 52 through SBf) 1 - 2
-795
2
U.S. corporate capital (assets andliabilities) (table C2, line 1). -1,430
3
U.S. corporate long-term claims associated with foreign direct
investment in the United States
4
832
Foreign direct investment in the United States (52) 2
5
U S transactions in foreign securities (34 through 36f)
-1,479
2
6
Foreign securities2newly issued in the United States (34f) -1,652
7
Redemptions (35)
478
8
Other transactions in foreign securities (36f)2
-305
2
9
1,747
Foreign transactions
in
U.S.
outstanding
securities
(53f)
10
Bonds (53f) 2
182
11
Stocks (53f)
1,565
12
Claims and
nonliquid
liabilities
reported
by
U.S.
banks
(37,
38, 54f)2
-493
13
Long-term claims (37) .
330
14
Short-term claims (38) _
-871
15
Long-term liabilities (54f)2
48
16
Claims and liabilities reported by brokerage concerns (40f, 56f)
28
17
230
Claims (40f)
18
-202
Liabilities (56f)
19
Special financial transactions (table A2, lines 4, 15, 16, 18, and 23).
-403
I
IV
II
III
419
-420
-1,443
-843
-210
-167
246
-304
-531
130
97
803
51
752
164
-539
-269
85
-355
256
104
152
152
-567
-571
80
-76
117
-52
169
270
-69
-281
183
29
571
79
492
a -286
3459
-133
-420
127
160
48
133
-85
62
133
-65
-6
32
115
-83
-490
31
-533
12
9
-4
13
254
131
98
25
1
100
-99
-319
35
-371
17
-14
19
-33
126
-229
-71
r
Revised.
P Preliminary.
f Portion of line.
1. Excludes liquid liabilities.
2. Excludes special financial transactions shown in line 19.
3. Part of the $459 million foreign direct investment in the United States (line 4) was financed through a $286 million long-term note held by a U.S. corporation. That U.S. corporate
1970
1969
1969
-229
439
I'
II '
-768
-999
-961
-715
III?
Change:
1970
II-III
January-September
1969
1970
Change:
1969-70
-171
-357
790
358
-1,234
-1,430
-1,900
-2, 071
-666
-641
103
66
-91
125
32
20
107
-87
204
-576
-673
101
-4
440
59
381
101
-642
-582
-24
-36
420
-48
468
562
-1,410
-1,371
295
-334
1,176
103
1,073
-286
766
-643
-1, 184
353
188
508
299
209
-286
204
767
187
58
522
-668
196
-864
151
24
121
6
-8
58
-66
-437
61
-506
8
2
39
-37
140
23
103
14
-22
21
-43
577
-38
609
6
-24
-18
-6
-174
295
-500
31
42
211
-169
-146
108
-282
28
-28
118
-146
28
-187
218
-3
-70
-93
23
-59
-127
-16
-332
-329
-143
3
claim has been omitted from the total of U.S. corporate assets and liabilities in line 2 and is
shown separately in line 3.
NOTE.—Details may not add to totals because of rounding.
SURVEY OF CURRENT BUSINESS
December 19TO
27
Table C2.—-Net Change in Foreign Assets and Liabilities of U.S. Corporations1
[Millions of dollars, seasonally adjusted]
Line
1
Credits (+); debits (-)
[Lines in tables 1, 2 and 8 in which transactions are included
are indicated in ( )]
Total
Direct investment (33)
3
4
Other corporate claims:
Long-term (39) 2
Short-term (40f)
5
6
Corporate liabilities other than new issues of securities:
Long-term (55) 2
Short-term (56 1)
7
New issues of securities sold abroad by U.S. corporations (53f)3.--
8
Uses of funds obtained through new issues of securities sold abroad by
U.S. corporations
Additions to, and refinancing of, direct investments (33ft
Short-term claims reported by U.S. residents other than banks
U0t)
Reductions in corporate liabilities to foreign residents (55t, 6#t)--Transfers of funds to U.S. residents (60ft*
--...- .
9
10
11
12
1969
-1,430
2
-3, 070
.
I
-420
-902
III*
II
III
-843
-167
-999
-715
-877
-1,411
-1,434
-1,015
IV
-276
I
II r
-357
-759
Change:
1970
II-ITI
January-September
1969
1970
Change:
1969-70
358
-1,430
-2,071
-641
675
-2, 794
-3, 604
-810
-424
66
-82
-93
-80
-11
-13
148
-249
22
«-89
28
-12
-84
-148
-3
-136
81
-175
44
-249
-59
-74
-103
691
278
256
(*)
59
52
145
212
231
14
235
83
312
236
85
298
-227
62
460
264
632
617
172
353
1,029
401
152
218
258
155
267
170
-97
771
592
1,029
-631
401
-190
152
-151
218
-190
258
-100
155
-97
267
-79
170
-64
-97
15
771
-531
692
-240
-179
291
-187
-15
-196
-70
14
-15
—15
-IS
-131
-4
-54
-2
-16
-14
-186
-90
96
-56
-15
-169
-22
-141
-330
S4
15
-161
••Revised.
^Preliminary.
fPortion of line.
*Less than $500,000±.
1. Excludes banking and brokerage claims and liabilities.
2. Excludes brokerage transactions.
3. Excludes funds obtained abroad by U.S. corporations through bank loans and other
credits and also excludes securities issued by subsidiaries incorporated abroad. However,
securities issued by finance subsidiaries incorporated abroad are treated as if they had been
term borrowing increased $60 million.
New issues of securities decreased $95
million despite an easing of credit
conditions in the Eurobond market.
The decline largely reflected a reduction
in new issues by finance subsidiaries
incorporated in the Netherlands Antilles. Recently, the proceeds of such
issues have been repatriated to the
United States for domestic use. Other
long-term corporate borrowing dropped
$225 million, mostly in the EEC where
credit conditions were particularly tight.
Corporate claims other than direct
investment rose $150 million in the
third quarter, an increased outflow of
$55 million. Long-term claims rose
sharply due to over $80 million of notes
received in payment for the liquidation
1970
1969
-27
-179
issued by U.S. corporations if the proceeds of such issues are transferred to U.S. parent
companies.
4. A (—) reflects a decline in foreign deposits and money market paper held in the United
States.
5. Excludes an increase in U.S. corporate long-term claims of $286 million that was associated with increased foreign direct investment in the United States. See table C 1, line 3.
NOTE.—Details may not add to totals because of rounding.
the direct investment was offset by an
increase in U.S. portfolio holdings of
foreign securities with no net impact on
the liquidity or the official balance.
Flows from the EEC dropped from $90
million in the second quarter to about
zero in the third, and there was a $35
million reduction in inflows from
Canada. Transactions with Japan resulted in a favorable swing of $50
million, all of it on intercompany
accounts.
of a U.S. direct investment in Latin
America. Short-term claims were virtually unchanged in the third quarter,
compared with an $85 million outflow
in the second.
Other Capital Flows
Foreign direct investment
Foreign direct investment in the
United States totaled $205 million in
the third quarter, compared with $105
million in the second. Flows from the
United Kingdom increased about $180
million, mostly due to the $130 million
acquisition of a U.S. corporation by a
large British company. That transaction
was effected by an exchange of stock;
consequently, the favorable impact of
Foreign securities
U.S. transactions in foreign securities
shifted adversely by $640 million, from
unusual net sales of $65 million in the
second quarter to net purchases of $575
million in the third. Sales of new foreign
Table C3.—Transactions in U.S. Securities Other Than Treasury Issues
[Millions of dollars]
Line
1
Increase in foreign assets (+) (Transactions are included in tables
1, 2, and 8, in line 53)
Total
2
New issues of securities sold abroad by U.S. corporations 1 (table
C2, lineS)
3
Investment by international and regional organizations in nonguaranteed U.S. Government agency bonds (table A2, line 16) _.
4
5
6
Other transactions (table Cl, line 9)
Bonds (table Cl, line 10)
Stocks (table Cl, line 11)
I
II
III
IV
I
IP
III*
Change:
1970
II-III
January September
1969
1970
Change:
1969-70
3,112
1,388
365
396
963
297
381
696
315
2,149
1,374
-775
1,029
401
152
218
258
155
267
170
-97
771
592
-179
336
184
-43
61
134
94
94
86
-8
202
274
72
1,747
182
1,565
803
51
752
256
104
152
117
-52
169
571
79
492
48
133
-85
20
107
-87
440
59
381
420
-48
468
1,176
103
1,073
508
299
209
-668
196
-864
r
Revised.
P Preliminary.
1. Proceeds from securities issued by finance subsidiaries incorporated abroad that are
transferred to the U.S. parent companies are treated as if they had been issued by U.S. corporations.
1970
1969
1969
NOTE.—Details may not add to totals because of rounding.
28
issues in the U.S. market increased
from $90 million to $675 million as U.S.
long-term interest rates dropped from
their June peak. Sales of new Canadian
issues, particularly by the Provinces,
rose $190 million. The total probably
included some issues that had been
delayed in the second quarter in expectation of improved market conditions.
The World Bank reentered the U.S.
market for $195 million. Also included
in new issues was $130 million of new
foreign stock acquired in exchange for
the British direct investment in the
United States mentioned above. The
inflow from redemptions declined $25
million. U.S. trading in outstanding
foreign securities shifted adversely,
from sales of $30 million to net purchases of $5 million in the third quarter.
In the first three quarters of 1970,
U.S. net purchases of foreign securities
totaled $0.6 billion compared with
$1.4 billion in the same period in 1969.
Borrowing costs in the United States
were higher than last year and new
issues declined $0.2 billion to $1.2
billion. U.S. trading in outstanding
foreign securities, mainly stocks, resulted in net sales of $0.2 billion
compared with net purchases of $0.3
billion in 1969. This $0.5 billion shift
may have reflected relatively weak
stock markets abroad in 1970. In
addition, purchases of Japanese stocks
by nonbank financial corporations,
which had been large in 1969, were
discouraged in 1970 by a change in
regulations under the Foreign Credit
Eestraint Program.
SUEVEY OF CURRENT BUSINESS
Treasury issues and those already discussed under special financial transactions and U.S. corporate transactions)
fell from $105 million in the second
quarter to $60 million in the third.
In the first 9 months of 1970, net
purchases of U.S. stocks by foreigners
amounted to only $0.2 billion, compared
with $1.1 billion in the same period of
Selected Capital Market Developments
Percent
12
90 Day Eurodollar Rate
Market Yield on 90 Day
U.S. Treasury Bills
1963 =100
180
U.S. Stock Prices
(Standard and Poor's 500)
160
140
120
100
i
i
i
I i
i
i
I I
i
i
I
i
i i
Outstanding U.S. securities
Foreign trading in U.S. stocks shifted
from net sales of $90 million in the
second quarter to net purchases of
$380 million in the third. This $470
million improvement was apparently
associated with the recovery of U.S.
stock prices during August and September when most of the ground lost in the
steep declines of April and May was
regained. As stock prices recovered, net
purchases by foreigners increased each
month and amounted to $200 million
in September. Foreign net purchases of
outstanding U.S. bonds (other than
New Issues
Sold Abroad by
U.S. Corporations
1967
1
1968
1969
1970
Data are adjusted for balance of payments purposes and exclude
special financial transactions. See table Cl, line 11 and table C2, line 7.
U.S. Department of Commerce, Office of Business Economics
70 -
December 1970
1969. The shift can largely be attributed
to the weakness of U.S. stock prices in
the first half of 1970; the difficulties of
offshore mutual funds were also a depressive factor. The large decline in net
stock purchases was partly offset by a
$0.2 billion rise in foreign purchases of
outstanding U.S. bonds.
Bank reported claims
Claims reported by U.S. banks,
seasonally adjusted, declined $125 million during the third quarter after
having increased $445 million in the
second. Acceptances made for Japanese
accounts decreased markedly, reversing
the increase in such claims in the
second quarter. Although claims on
Japan have been quite volatile in
recent quarters, the improvement in
the third quarter may have reflected
the shift of dollars by the Japanese
Government to private Japanese banks.
This was done in order to encourage
them to finance Japanese trade, thereby
reducing their need to borrow in the
United States. Short-term bank claims
on Spain, Peru, and the Philippines declined in the third quarter. Long-term
bank claims decreased almost $25
million, continuing the downtrend—
essentially required under the Foreign
Credit Restraint Program—that has
been almost uninterrupted since mid1965.
After little change in the second
quarter, bank reported claims subject
to the General Ceiling under the Foreign
Credit Restraint Program dropped
$340 million in the third, and at the
end of the quarter were $1.3 billion
below the $10.0 billion ceiling. Claims
subject to the Export Term-Loan
Ceiling rose about $35 million, slightly
less than the rise in the second quarter;
at the end of September such loans were
more than $1.2 billion below the $1.4
billion ceiling.
During the first three quarters of
1970, bank reported claims increased
$175 million. The outflow in the corresponding period of 1969 was about $30
million more. Short-term claims increased less in 1970 than in 1969, but
the reduction in long-term claims was
smaller.
SURVEY OF CURRENT BUSINESS
December 1970
29
Table Dl.—U.S. Government Grant and Capital Transactions
[Millions of dollars, seasonally adjusted]
Line
Lines in tables 1, 2, and 8 in which transactions are incuded are
indicated in ( )
1 Government grants (excluding
military) and capital, net (29. 42
through 44, 45f, 57f, 58f) l
-.
Grants (excluding military) , net (29)
Additions to assets (42, 43) l
4
Credit repayments (44, 45f)
Liabilities other than marketable or convertible securities, net
5
(57f,58f) i
2
3
6
Special financial transactions (table A2, lines 5, 19 through 22)
1970
1969
1969
I
II
III
IV
I
II'
III*
Change:
1970
II-III
January-September
1969
1970
-3,506
-1,644
-3, 388
1,334
-842
-342
-776
340
-1,079
-518
-1,001
326
-964
-372
-841
345
-619
-412
-771
324
-960
-411
-867
335
-1,010
-361
-876
398
-838
-392
-755
386
172
-32
121
-12
-2,886
-1, 232
-2, 617
1,010
-2,808
-1,163
-2, 498
1,119
192
-64
114
-96
240
-18
-171
-77
94
-47
-266
81
-225
T
Revised.
» Preliminary.
t Portion of line.
1. Excludes special financial transactions shown in line 6.
-145
-192
127
-288
822
65
-757
Change:
1969-70
78
68
119
109
-219
1,047
695
-353
NOTE.—Details may not add to totals because of rounding.
U.S. Government Grants and
The decrease in outflows related to grant and capital transactions during
Capital
U.S. Government assets reflected a the first three quarters of 1970 decreased
The net outflow on U.S. Government
grant and capital transactions (exclusive of special transactions) was $840
million in the third quarter, down $170
million from the second quarter (table
Dl). The shift largely reflected a $120
million decrease in outflows on additions
to U.S. Government assets, and a
$95 million improvement in the Government liabilities account (other than
marketable or convertible securities).
Outflows on U.S. Government grants
and inflows on credit repayments
showed only minor changes.
$165 million (not seasonally adjusted)
drop in transfers by the Export-Import
Bank (including decreases of $55 million
in financing military sales contracts and
of $50 million in financing commercial
aircraft). The shift in Export-Import
Bank financing was partially offset by a
$65 million increase in assets associated
with leasing of military aircraft to
Australia. The improvement in the
liabilities account reflected a $90 million
drop in deliveries of goods and services
associated with military sales contracts.
The net outflow on U.S. Government
by $80 million from the same period
last year. Net outflows on U.S. Government grants and additions to U.S.
Government assets decreased $185
million, reflecting a reduction in transfers by the Export-Import Bank and in
transfers under the Foreign Assistance
Act. Credit repayments also increased
$110 million, reflecting normal growth.
Partially offsetting these improvements
was a decline in liabilities—mostly
associated with military sales contracts—which was $220 million more
than in 1969.
Table D2.—U.S. Government Grants and Transactions Increasing U.S. Government Assets
[Millions of dollars]
1970
1969
1969
Total (table 1, lines 29, 42, and 43, with sign reversed)
I
II
III
IV
I
IP
III*
Change:
1970
II-III
January-September
1969
1970
Change:
1969-70
-187
5,032
1,136
1,654
1,089
1,154
1,300
1,372
1,020
-351
3,878
3,691
Less: Estimated dollar payments to foreign countries and
international and regional organizations (table 5, line
A.34)i__
734
171
209
194
160
179
168
155
-13
575
502
Equals: Estimated transactions involving no direct dollar
outflow from the United States (table 5, line A. 26) _ _
4,298
964
1,445
894
995
1,120
1,204
865
-339
3,303
3,189
-114
Under farm product disposal programs
Under Foreign Assistance Acts and related programs
Under Export-Import Bank Act
Other
1,129
1,752
1,258
159
198
387
337
43
497
536
366
46
178
410
272
35
256
419
284
36
317
438
303
63
336
442
339
87
189
387
175
114
-147
-56
-164
28
872
1,333
975
123
843
1,266
817
264
-30
-67
-158
140
r
Revised.
» Preliminary.
1. The identification of transactions involving direct dollar outflow from the United States
is made in reports by the operating agency. Such data for first and second quarters 1969 and
for second and third quarters 1970, however, are simple extrapolations by OBE, because of
incomplete reports from one operating agency.
NOTE.—Details may not add to totals because of rounding.
-73
SUEVEY OF CUEEENT BUSINESS
30
December 1970
Table 1.—U.S. International Transactions
[Millions of dollars]
(Credits +; debits -)
Line
1969
1969
I
1 Exports of goods and services
2
Excluding transfers under military grants
3
4
5
6
Merchandise, adjusted, excluding military
Transfers under military sales contracts
Transfers under military grants, net _ .
Transportation. _
...-
7
g
9
10
Travel
Fees and royalties from direct investments
Other private services
Other U.S. Government services
11
12
13
Income on U.S. investments
abroad:
Direct investments 2
Other private assets
U.S. Government assets. _ _
14
1
._.
.._
Imports of goods and services
13, 992
13, 846
36, 473
1,515
759
3,131
7,438
9,872
8,965
2,058
1,369
1,753
376
437
302
434
84
5,639
2,267
932
1,344
509
184
563
229
569
194
626
326
642
197
558
352
440
108
631
335
436
90
1,322
1,307
10, 198
10,129
11, 032
338
190
781
254
149
810
488
222
950
432
381
444
93
490
337
480
87
617
397
492
87
1,599
1,343
1,666
665
241
10, 020
303
87
1,007
703
374
484
103
1,376
651
181
— 13,837
-14,998
— 15,452
-9, 594
—1,245
-877
-9,458
—1, 178
—890
-10, 024
-1,255
-1,084
-9, 855
—1,214
-1, 103
Travel
. . . . . . . .
Private payments for other services
.
U.S. Government payments for other services
-3, 390
-709
-710
-549
-178
—154
-870
-178
-147
-1,378
-175
-209
-593
-178
-200
-618
-196
-157
-1,000
-208
-152
-1,600
-207
-212
Income on foreign investments
in the United States:
Private payments 2
U.S. Government payments
-3,686
-777
—712
-185
—837
-192
—1,024
—188
-1,113
-212
—1, 131
-209
— 1, 038
-238
-985
-277
2,709
1,949
912
716
730
504
-396
-543
1,462
1,272
1,337
1,189
1,537
1,315
-164
-251
...-
-3, 594
-2, 834
-826
-630
-1,107
-881
-786
-640
-874
-683
-903
-754
-1,015
-793
-789
-703
.
-784
-759
-1,644
-406
-157
-196
-374
-210
-226
-569
-102
-209
-147
-328
-104
-208
-190
-373
-102
-210
-149
-444
-101
-264
-222
-412
-118
-348
-122
Private remittances .
Military grants of goods and services
.
Other U.S. Government grants l
-.-....
U.S. Government pensions and other transfers
.
..
.
.
...
. _ . . _ _
Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24 and 26)3
32
Transactions in U.S. private assets, net; increase in assets ( — )
33
34
35
36
Direct investments 2
Foreign securities newly issued in the United States
Redemptions _
_ ..Other transactions in foreign securities
37
38
Claims reported by U.S. banks: 1
Long-term
Short-term
- -
-
.
-
86
-378
1,182
589
434
522
-953
-2,326
-792
-769
-1,808
-2,039
-1,165
—3, 070
-1, 667
478
—992
—560
—1 175
—277
—907
—515
4
-799
-617
—307
— 71
183
7
—1, 491
-434
-1, 584
80
-315
85
31
-588
131
255
—118
-80
—15
—470
-992
127
129
-99
125
80
-615
24
266
-564
-13
248
-249
-375
-12
-45
-148
-54
-715
-987
-649
-702
18
-40
-364
-698
—59
-485
-874
-436
-920
—98
-351
-797
249
44
336
34
267
440
-154
* -11
283
88
411
114
306
2
-1, 187
—48
-299
-686
-154
-386
—967
56
—317
—11
-695
—44
814
—73
—31
246
—228
-442
—233
1,083
-542
3,000
—305
-
--
330
-871
44
45
46
Transactions in U.S. official reserve assets, net; increase in assets ( — )
Gold
SDR
.
Convertible currencies
Gold tranche position in IMF
.
-
—1, 034
Transactions inforeign assets in the United States, net; increase in foreign assets (U. S. liabilities)
(+)
.
12,330
832
Direct investments 2
U S securities other than Treasury issues
. .
.
.
_ . . _ 3,112
—676
Long-term liabilities reported by U S banks
Other liabilities reported by U.S. private residents other than banks:
Long-term
Short-term
- Nonmarketable liabilities of U.S. Government, including medium-term securities
and
long-term obligations payable prior to maturity only under special conditions: J
Associated with specific transactions
Other medium-term securities and long-term obligations _
-_.._.U S Treasury marketable or convertible bonds and notes l
Deposits and money market paper held in the United States *
._
._ _
Balance on transactions in U.S. and foreign liquid and non-liquid assets, including reserves
(lines 32 41 46 and 51)
3
Allocations of special drawing rights (SDR)
Errors and omissions, net
- -. - . .
-- - -
tr Lines 32,37,51,54,60,61, and 63 have been revised.
Revised.
P Preliminary.
1. Details for lines 3 and 15 are given in table 4; for lines 29,42,43,57, and 58, in table 5;
for lines 37 through 40, in table 6; and for lines 59 and 60, in table 7.
2. Excludes undistributed profits of subsidiaries.
3. The sum of lines 31 and 62 is numerically equal to net foreign investment in U.S.national
income and product accounts.
-87
-1,347
-885
.
-99
-233
-5,233
Claims reported by U.S. residents other than banks: 1
Long-term
-424
Short-term
296
Transactions in U.S. Government assets, excluding official reserve assets, net; increase in
-2,184
assets ( — )
Loans and other long-term assets *
-3, 477
89
Foreign currencies and other short-term assets 1
Repayments on credits:
1,291
Scheduled
- - Nonscheduled (including sales of foreign obligations to foreigners)
—87
62
63
405
147
900
-14,012
31
59
60
61
381
226
845
-9, 169
—1,220
-1,026
Unilateral transfers, net; transfers to foreigners (— )
Excluding military grants. .
57
58
390
196
607
15 288
15, 201
-14,388
25
?6
55
56
16, 535
16, 313
14,881
14, 655
-9, 739
—1, 187
-1,002
Balance on goods and services (lines 1 and 14) _ .
Excluding transfers under military grants (lines 2 and 14)
52
53
54
15, 174
15, 025
11, 925
11, 729
-14,151
?3
?4
51
IP
56, 273
55, 514
15, 475
15, 284
III*
It
-7, 333
—1,198
-704
21
22
47
48
49
50
IV
-11,012
18
19
20
42
43
III
-53, 564
Merchandise, adjusted, excluding military J
Military expenditures
Transportation
39
40
41
II
-35, 835
—4,850
-3, 608
15
16
17
27
28
?9
30
1970
130
66
133
77
-82
230
4
35
181
16
61
1,022
14
-37
818
227
-920
831
—253
101
1
23
258
18
26
801
395
-34
34
406
4,466
4,030
835
270
963
1,674
164
365
152
396
1,542
1,388
459
297
103
381
204
696
—49
—174
-265
-188
-147
-213
-215
691
76
156
-83
59
65
145
113
331
-19
135
17
312
199
85
255
138
-41
-70
95
-54
219
150
-44
-311
-171
-242
800
-43
75
-167
8,366
1
-39
152
1,315
4,154
3,506
-281
-609
-182
1,249
79
325
45
815
1,135
1,126
1,904
-439
-1,136
221
-1,222
-748
-722
-149
-165
-743
3,726
-2,841
246
44
-115
867
4. Negative entry reflects repurchase of foreign obligations previously sold.
NOTE.—Details may not add to totals because of rounding.
Source: U.S. Department of Commerce, Office of Business Economics.
1,916
1,190
-236
SUKVEY OF CURRENT BUSINESS
December 1970
31
Table 2.—U.S. International Transactions—Seasonally Adjusted
[Millions of dollars]
1£)69
Line
I
1 Exports of goods and services
2
Excluding transfers under military grants
3
4
5
6
Merchandise, adjusted, excluding military 1
Transfers under military sales contracts
Transfers under military grants, net
Transportation. _
7
8
9
10
Travel
Fees and royalties from direct investments
Other private services
Other U S Government services
11
12
13
Income on U.S. investments abroad:
Direct investments 2
Other private assets
.
U S Government assets
14
Imports of goods and services.
._
_
.
,
Travel
_
Private payments for other services
U.S. Government payments for other services
21
22
Income on foreign investments in the United States:
Private payments 2
U.S. Government payments
- -- - --
--
Balance on goods and services (lines 1 and 14)
Excluding transfers under military grants (lines 2 and 14)
25
26
Unilateral transfers, net; transfer to foreigners ( —)
Excluding military grants.
27
28
29
30
Private remittances
Military grants of goods and services
Other U.S. Government grants 1
U.S. Government pensions and other transfers
-
- .-
--
. - . --.
..-
-
,. ..
-
..-_
31
Balance on goods, services, and unilateral transfers (lines 23 and 25 or 24 and 26)
32
Transactions in U.S. private assets, net; increase in assets ( —)
Direct investments 2
Foreign securities newly issued in the United States
Redemptions
Other transactions in foreign securities
Claims reported by U.S. banks:
Long-term
.
Short-term
39
40
Claims reported by U.S. residents other than banks: *
Long-term
Short-term
.
51
52
53
54
3
.-_
.
_
.
..
Transactions in U.S. Government assets excluding official reserve assets, net; increase in assets ( —) .
Loans and other long-term assets l
- -Foreign currencies and other assets !
.
Repayments on credits:
Scheduled
Nonscheduled (including sales of foreign obligations to foreigners) Transactions in U.S. official reserve assets net; increase in assets ( —)
Gold
SDR
Convertible currencies
Gold tranche position in IMF
Transactions in foreign assets in the United States, net; increase in foreign assets (U.S. liabilities) (+)
Direct investments 2
U S. securities other than Treasury issues
- _ _ _
Long-term, liabilities reported by U S banks
57
58
Other liabilities reported by U.S. private residents other than banks:
Long-term
_
_
-.
__Short-term
_ ._
Nonmarketable liabilities of U.S. Government, including medium-term securities and long-term
obligations payable prior to maturity only under special conditions: 1
Associated with specific transactions
Other medium -term securities and long-term obligations
59
60
U S Treasury marketable or convertible bonds and notes 1
Deposits and money market paper held in the United States
55
56
61
62
63
J
II'
III"
14,712
14,565
14,902
14,712
15,491
15,342
16,136
15,914
16,011
15,924
7,472
9,585
9,581
9,835
10, 228
10, 705
352
190
803
258
149
877
432
222
926
10, 678
501
327
421
87
520
364
434
98
519
337
446
95
518
342
453
95
559
365
466
90
575
410
485
79
578
377
495
108
1,342
1,370
1,455
1,472
1,601
1,410
588
243
654
244
648
244
1,505
611
231
-13,909
-14,061
-14,510
-14,810
-14,903
-9, 723
-1, 178
-976
-9, 876
-1, 255
—977
-9, 958
-1, 214
-1, 030
313
226
827
458
147
843
549
231
341
87
940
674
228
-11,618
-13,978
-7, 576
-1, 198
—775
-9, 606
-1,187
—907
-9,263
-1, 220
—960
-9, 390
-1, 245
—967
-820
—175
-169
-855
—178
—174
-875
—173
—178
-840
—183
—189
-920
—193
-172
-990
—208
—179
-1, 025
—205
-179
—719
-186
-881
-190
—1, 042
—198
—1,044
-203
-1, 138
-210
-1, 090
-235
-999
-293
526
330
539
313
803
656
841
651
981
832
1,326
1,104
1,108
1,021
-808
-612
—1,038
-812
—837
-690
-911
-721
-888
-739
—943
-721
-839
-752
-171
—196
—342
-99
-192
—226
—518
-102
—214
—147
—372
—104
-207
—190
—412
-102
-227
—149
—411
-101
—242
—222
—361
—118
—392
-122
-282
—499
—34
—70
93
383
269
-238
—87
—1,213
—2,151
—980
—889
—1,688
—1 870
-1,339
—902
—546
—1 015
—269
—877
—571
—276
—281
—1 411
—420
—1 434
—355
— 76
127
160
—91
125
32
—759
—673
183
29
31
35
—371
24
121
—506
80
85
101
—4
Tt Lines
Liines 32,
M, 37,
at, 51,
01, 54,
M, 60,
ou, 61,
01, and
ana 63
od have
nave been
oeen revised.
revised.
Revised.
*> Preliminary.
imes a3 anu
111table
lauie4;*,for
lorlines
lines29,
zy,42,
i. 43, 57, and 58, in table 5;
1. ueians
Details lor
for lines
and 10
15 are given in
forir lines 37 through 40, in table 6; and for lines 59 and 60, in table 7.
r
2. Excludes undistributed profits of subsidiaries.
}
23
103
133
—65
—533
131
98
—82
22
—80
—15
—13
248
—249
—375
86
—12
—45
-148
41
—435
—650
—841
—458
—771
-444
—776
—641
—1, 001
—867
—364
—876
-367
—755
297
44
326
34
335
88
398
114
386
2
584
4
345
324
-154
4 _H
61
—48
—299
—686
—154
264
805
56
—317
—11
—695
—44
14
—73
—31
246
—228
—442
—233
1,083
—542
4,513
164
3,276
152
1,369
270
—49
396
963
297
—174
—265
256
—83
59
65
—79
95
105
18
395
—254
—251
—253
818
227
34
406
1,738
459
1,749
103
1,065
204
—188
—147
—213
—215
145
113
231
—19
235
17
312
199
85
255
—115
—115
228
150
—56
—262
—171
—242
800
-89
75
4,100
2,965
-266
1,175
429
54
1,478
1 422
960
—132
— 130
320
217
-57
217
-1,196
-922
3,174
246
1,388
| 1, 400
_
Balance on transactions in U.S. and foreign liquid and nonliquid assets, including reserves (lines 32. 41. 46
a n d 51).
.
.
.
.
Allocations of special drawing rights (SDR) 3
.
Errors and omissions, net
...
It
14,517
14,291
130
97
.
IV
J
37
38
46
...
- - - - - - - -
-
23
24
47
48
49
50
...
III
12,144
11,948
519
228
.-.
18
19
20
44
45
.
-
Merchandise adjusted excluding military *
Military expenditures
Transportation
41
42
43
.
-
. --
-
II
391
196
660
..
15
16
17
33
34
35
36
1970
(Credits +; debits—)
365
-927
—270
204
831
217
-182
381
—920
696
-428
6. The
Tne sum of lines 31 and
ana 62 is numerically equal to net foreign investment in
i U.S. national
3.
income and product accounts.
4. Negative entry reflects repurchase of foreign obligations previously sold,
Source: U.S. Department of Commerce, Office of Business Economics.
SUEVEY OF CUEKENT BUSINESS
32
December 1970
Table 3.—U.S. Balance of Payments and Reserve Position
[Millions of dollars]
Line
1969f
1 Balance on liquidity basis excluding allocations of SD It—measured by increase in
U.S. official reserve assets excluding SDR allocations and decrease in liquid liabilities to all foreigners ; seasonally adjusted ; decrease in net assets ( —)
1970
196 9t
I
II
III
-1,352
-3,801
-2,279
-1,352
-3,801
-84
15
IV
II'
I'
III*
420
-1,656
-1,451
-2, 279
420
-1,439
-1,234
-638
693
-624
-758
192
1,023
Amounts
outstanding
September 30
19701
-855
Balance on liquidity basis including allocations of SDR— measured by increase in all
U.S. official reserve assets and decrease in liquid liabilities to all foreigners:
2
Seasonally adjusted ; decrease in net assets (— )
3
Less seasonal adjustment
4
Before seasonal adjustment (lines 5 and 10, with sign reversed)
-7, 012
-1,268
—3 816
-2, 972
1,044
-681
-1,426
-1,661
5
U.S. official reserve assets (table 1, line 46); increase (— )
-1,187
-48
-299
—686
-154
-386
1,022
801
15, 527
-967
56
-317
-11
-695
814
-1,034
-73
-31
246
-442
-233
1,083
-542
-44
—920
831
14
-37
818
227
395
-34
34
406
11,494
991
1,098
1,944
8,199
-517
9,217
-441
1,316
3,658
2,235
-890
-506
-187
-131
404
526
44,207
18, 345
20, 617
4,484
761
6
7
8
9
10
11
12
13
14
15
16
. .. .
Gold
SDR
Convertible currencies.
IMF gold tranche position
Liquid liabilities to all foreigners (table 1, lines 59 and 60); decrease (— )
To official agencies
To commercial banks 2 .
To other foreign residents and unallocated 3 _
To international and regional organizations. .
-60
-1,708
3,134
-22
-88
-228
4,115
-538
4,716
-145
82
1,554
-143
12
Balance on official reserve transactions basis excluding allocations of SDR— measured
by increase in U.S. official reserve assets excluding SDR allocations and decrease
in liquid and certain nonliquid liabilities to foreign official agencies; seasonally
adjusted; decrease in net assets (— )
1,453
1,315
-582
Balance on official reserve transactions basis including allocations of SDR— measured
by increase in all U.S. official reserve assets and decrease in liquid and certain nonliquid liabilities to foreign official agencies:
Seasonally adjusted; decrease in net assets ( — )
1,453
1,315
—258
111
1 711
1 204
17
Less seasonal adjustment
18
Before seasonal adjustment (lines 19 through 21 with sign reversed)
2 700
-66
-253
2,762
-1,685
-187
141
-127
860
2,046
-1, 125
-148
87
1,067
-151
192
514
-3, 110
-1,994
-2,047
-582
514
—2,893
—1,777
-1,830
458
-311
—930
284
— 1 040
825
— 1,963
-2,061
19
U.S. official reserve assets (line 5); increase (— )
-1, 187
-48
-299
-686
-154
-386
1,022
20
Liquid liabilities to foreign official agencies (line 11) ; decrease ( — )
-517
-1, 708
-538
2,235
-506
2,762
526
21
Certain nonliquid liabilities to foreign official agencies; decrease (— )
-996
45
-367
-509
-165
-413
22
Liabilities reported by U.S. private residents (table 1, portion of line 54) . . . -834
-43
-195
-390
-206
-155
23
Liabilities reported by U.S. Government (table 1, portions of lines 57
and58)
.
88
-172
-119
41
-258
t Data correspond to those published in the September 1970 SURVEY OF CUBRENT BUSINESS.
Revised, p Preliminary.
1. Position figures reflect increases of $67 million in convertible currencies (line 8), $17 million
in npnmarketable, convertible U.S. Treasury obligations (line 11), and $84 million in nonliquid liabilities of U.S. Government (line 23), resulting from revaluation of German mark in
October 1969. (In addition, nonmarketable U.S. Treasury notes amounting to $125 million
r
-162
781
-2, 611
801
15, 527
2,046
18, 345
-236
4,016
-230
-231
891
743
-5
3,125
513
equivalent issued to a group of German commercial banks in June 1968 increased $10 million
in dollar value as a result of the German revaluation.)
2. Includes deposits of foreign branches of U.S. banks and of foreign commercial banks,
associated with their U.S.-dollar denominated liabilities to foreign official agencies.
3. May include U.S. Government bonds and notes held by foreign commercial banks.
SURVEY OF CURRENT BUSINESS
December 1970
33
Table 4.—U.S. Merchandise Trade
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
1969
1969
I
II
1970
III
IV
I
II
1970
1969
IIIp
I
III
II
I
IV
II
IIIp
EXPORTS
1
2
Merchandise exports, Census basis, including reexports and military grant shipments
38,006
Excluding military grant shipments
37,332
3
3a
3b
3c
3d
3e
Additions, "regular", to Census exports
Private gift parcel remittances
Exports of the Virgin Islands
Gold exports, nonmonetary _
Inland freight valuation adjustment
Other "regular" additions l
4
4a
4b
Deductions, "regular", from Census
exports
DOD military export sales 2 3
Other "regular" deductions
_
..
5
5a
Special and miscellaneous adjustments (net) 4
Of which: quarterly
allocation of annual seasonal adjustment
discrepancy 5. .
6
.
_
. . .
7,726 10,332
9,440 10,508 10,354 11,361 10,273
7,745 10,041 10,044 10, 136 10,460 11,055
10,942
7,586 10, 151
9,257 10,338 10,207 11,227 10, 151
7,604
9,860
9,862
9,966 10,313 10, 921
10,820
77
17
4
1
61
-6
91
16
5
95
26
9
97
16
2
84
16
4
92
17
6
63
7
67
-7
69
10
64
238
230
8
204
197
7
286
279
7
368
71
26
2
257
12
99
12
8
1
60
18
83
17
4
1
67
-6
90
16
5
96
26
9
91
16
2
91
16
4
89
17
6
62
7
68
-7
63
10
71
64
2
105
12
8
1
66
18
1,203
1,172
31
262
254
8
377
370
7
326
318
8
238
230
8
204
197
7
286
279
7
220
213
7
262
254
8
377
370
7
326
318
8
-24
15
15
-56
2
35
25
25
-46
12
22
-14
-14
10
10
10
10
-13
-14
-14
Equals : Merchandise exports, adjusted to balance of payments basis
(table 1, line 3)
_. 36,473
U
67
2
220
213
7
7,438
9,872
8,965 10, 198 10,129 11,032 10,020
7,472
9,585
9,581
9,835 10,228 10,705
10,678
36,043
7,409
9,781
9,191
9,662
9,880
7,643
9,635
9,297
9,438
9,719
9,918
10,004
392
168
216
8
107
57
48
2
111
49
60
2
80
29
49
2
94
33
59
2
107
69
36
2
101
63
36
2
89
45
42
2
107
57
48
2
111
49
60
2
80
29
49
2
94
33
59
2
107
69
36
2
101
63
36
2
89
45
42
2
586
237
346
3
151
71
79
1
153
64
89
(*)
115
47
67
1
167
55
111
1
134
47
86
1
148
49
98
1
114
48
65
1
149
71
77
1
148
64
84
(*)
135
47
87
1
154
55
98
1
132
47
84
1
143
49
93
1
135
48
86
1
—14
—32
13
5
29
—25
8
21
12
29
7
8
8
7
9,855
7,576
9,606
9,263
9,390
9,723
9,876
9,958
IMPORTS
7
Merchandise imports, Census basis (general imports)
8
8a
8b
8c
Additions, "regular", to Census imports
Imports of the Virgin Islands
Gold imports, nonmonetary6 _ _
.
Other ''regular" additions . .
9
9a
9b
9c
Deductions, "regular", from Census imports
DOD military import purchases
Automotive valuation adjustment
Other "regular" deductions 7
10
lOa
_
Special and miscellaneous adjustments (net) *
Of which: quarterly
allocation of annual seasonal adjustment
discrepancy 5
...
11
Equals: Merchandise imports, adjusted to balance of payments
basis (table 1, line 15). .
35,835
12
Balance on merchandise trade. Census basis, excluding military
grant shipments (line 2 less line 7) .
13
Balance on merchandise trade, adjusted to balance of payments
basis (line 6 less line 11)
9,456 10,071
7,333
9,739
9,169
9,594
1,289
177
370
66
676
751
1,156
271
—39
225
565
528
594
1,003
816
638
105
133
—204
604
671
1,008
165
—104
—21
318
445
505
829
720
7,745 10,041 10,044 10, 136 10, 460 11,055
958 1,763 1,581 1,687 1,674 1,789
6,787 8,278 8,463 8,449 8,786 9,266
6,647 8,097 8,280 8,279 8,639 9,131
10, 942
1,854
9,088
8,966
9,458 10,024
TRADE BY END-USE
14
14a
14b
14c
Merchandise exports, Census basis, including military grant
38,006
shipments (line 1)
_
Agricultural products
6,004
Nonagricultural products
32,002
Excluding military grant shipments
31,328
15
16
17
18
Foods feeds, and beverages
Grains and preparations
Soybeans
.
Other foods feeds and beverages
19
20
Industrial supplies and materials
Fuels and lubricants
-
7,726 10,332
947 1,718
6,779 8,614
6,639 8,433
9,440 10,508 10,354 11,361 10,273
1,426 1,913 1,650 1,737 1,670
8,014 8,595 8,704 9,625 8,603
7,831 8,425 8,557 9,490 8,481
4,688
2,516
822
1,350
769
377
134
258
1,299
741
194
363
1,114
663
118
333
1,506
735
376
396
1,306
688
262
356
1,367
682
313
371
1,404
762
235
407
783
366
143
274
1,309
751
202
356
1,230
700
193
337
1,337
705
253
379
1,338
676
283
379
1,381
691
325
365
1,548
777
373
398
11, 756
1,132
2,122
212
3,253
312
3,100
295
3,281
313
3,336
308
3,636
408
3,316
418
2,172
242
3,220
309
3,123
265
3,215
312
3,435
355
3,608
406
3,343
375
21
22
23
24
25
26
Paper and paper base stocks
Textile supplies and materials
_
_--_-.
Raw cotton, including linters
Tobacco, unmanufactured..- ..
. .
Chemicals, excluding medicinals
Other nonmetals (hides, tallow, minerals, wood, rubber,
tires, etc.)
906
922
285
540
2,742
166
152
29
50
525
247
310
130
142
777
237
228
71
134
734
256
232
55
214
706
254
291
116
84
779
290
288
111
107
816
297
198
47
107
738
167
145
23
67
539
243
322
145
179
756
239
256
87
124
717
254
217
50
155
720
256
273
98
113
803
287
301
124
136
802
301
223
59
101
726
2,386
490
645
611
640
644
673
624
481
627
639
638
635
661
657
27
28
29
Steelmaking materials
. _. _ .
Iron and steel products .
Other metals, primary and advanced, including advanced
steel
371
1,126
42
185
95
275
130
292
104
374
100
370
165
418
155
327
54
186
85
273
113
311
109
352
130
374
148
416
135
350
30
31
32
33
34
35
36
37
38
39
40
40a
41
1,631
300
450
439
442
507
471
452
291
426
459
458
496
451
475
Capital goods, except automotive
12,348
9,992
Machinery, except consumer-type
Electrical and electronic, and parts and attachments . 1,857
Nonelectrical, and parts and attachments
8,135
Construction machinery and nonfarm tractors
and parts . . . . . .
1,680
Textile and other specialized-industry machinery
and parts
795
Other industrial machinery and parts, n.e.c
3,476
Agricultural machinery and farm tractors and
417
parts
Business and office machines, computers, etc., and
parts
1,226
Scientific, professional, and service-industry
equipment
541
Civilian aircraft, engines, parts
2,235
Civilian aircraft, complete — all types
1,267
Other transportation equipment
121
2,801
2,111
401
1,710
3,263
2,709
497
2,212
3,001
2,511
474
2,037
3,283
2,661
485
2,176
3,508
2,732
503
2,229
3,796
2,975
553
2,422
3,397
2,858
493
2,365
2,757
2,104
399
1,705
3,097
2, 575
477
2,098
3,228
2,688
507
2,181
3,275
2,634
477
2,157
3,470
2,736
503
2,233
3,611
2,838
530
2,308
3,656
3,061
528
2,533
321
469
434
456
465
503
503
325
447
446
463
473
478
517
162
739
215
961
199
870
219
906
210
922
240
1,000
233
965
171
741
202
912
211
929
208
896
223
928
226
949
247
1,031
See footnotes at end of table.
98
133
95
91
102
95
83
90
110
110
109
94
78
97
265
287
308
366
378
419
421
254
290
343
343
364
422
467
125
663
451
27
147
519
279
35
131
465
214
25
138
588
322
34
152
748
479
27
166
782
497
39
161
510
231
29
124
622
451
31
137
491
279
31
142
512
214
28
138
609
322
32
151
703
479
31
155
739
497
34
174
562
231
33
SUKVEY OF CURRENT BUSINESS
34
December 1970
Table 4.—U.S. Merchandise Trade—Continued
[Millions of dollars]
Not seasonally adjusted
Line
1969
1969
I
1970
III
II
Seasonally adjusted
IV
I
II
1969
III*
I
II
1970
III
IV
II
III*
900
592
308
167
144
589
676
245
403
1,043
761
282
305
133
605
687
244
414
1,012
707
305
284
149
579
698
255
409
I
TRADE BY END- USE— Continued
42
43
44
45
46
47
48
49
50
51
Automotive vehicles and parts (including engines and parts) .
To Canada
....
.
To all other areas
Passenger cars, new and used
- ....
Trucks, buses, and special vehicles.
- -Parts and accessories, including engines and parts, n.e.c. .
Consumer goods (nonfood), except automotive
. ... ..
Consumer durables, manufactured
Consumer nondurables, manufactured
Unmanufactured consumer goods (gem stones, precious
and nonprecious (/)
52
Special category (military-type goods)
53
54
55
Exports, n.e.c., and reexports
D omestic (low- value, miscellaneous) _
Foreign (reexports)
56
.
Foods, feeds, and beverages
.
Coffee, cocoa, and sugar
Green coffee.
Cane sugar _
Other foods, feeds, and beverages
62
63
Industrial supplies and materials
Fuels and lubricants
30
32
292
366
385
222
164
127
35
30
27
35
467
355
335
201
134
1,055
733
322
253
159
643
711
284
397
844
578
266
190
127
527
663
263
373
1,066
747
319
304
133
629
659
251
373
906
605
301
179
143
585
670
243
297
911
661
250
257
113
541
566
222
312
996
689
307
254
143
599
685
270
388
1,046
759
287
300
136
610
691
281
378
29
32
27
32
36
28
29
34
289
337
485
467
355
292
366
289
384
221
163
219
99
120
249
118
139
259
116
143
360
208
152
348
210
138
360
208
152
396
230
166
942
641
301
230
135
577
652
246
370
1,644
337
. .. 1,087
543
544
212
95
117
266
125
141
250
111
139
359
212
147
36,043
7,409
9,781
9,191
9,662
9,456 10,071
9,880
7,643
9,635
9,297
9,438
9,719
9,918
10,004
5,238
1,700
894
638
3,538
994
283
154
92
711
1,433
477
243
198
956
1,327
428
209
179
899
1,485
512
288
170
973
1,472
494
292
131
979
1,566
555
307
206
1,011
1,495
539
278
218
956
1,045
298
144
129
747
1,449
481
256
189
968
1,312
402
206
140
910
1,414
528
291
169
886
1,537
507
273
185
1,030
1,584
562
323
197
1,022
1,483
510
278
173
973
14, 159
2,777
3,033
700
3,916
664
3,603
675
3,608
738
3,648
846
3,759
710
3,741
705
3,109
649
3,793
693
3,581 3,658
674
760
3,730
783
3,635
737
3,720
708
.. . ,
_
814
535
279
179
138
497
669
238
402
922
677
245
276
111
535
563
220
308
485
Merchandise imports, Census basis (line 7)
57
58
59
60
61
1,101
806
295
303
148
650
711
256
423
3,887
2,735
1,152
1,023
530
2,334
2,596
1,018
1,451
_.
Paper and paper base stocks
Materials associated with nondurable goods and farm
output, n.e.s
Textile supplies and materials
Tobacco, unmanufactured
Chemicals, excluding medicinals
Other (hides, copra, materials for making photos,
drugs, dyes)
1,595
356
403
401
436
399
396
372
377
393
397
422
423
385
369
2,658
1.142
117
708
588
249
29
145
796
339
56
206
649
293
19
178
625
261
12
179
747
314
49
209
736
309
30
227
672
285
16
195
553
239
15
148
757
326
45
189
735
296
88
184
662
280
18
186
696
300
26
211
698
296
24
207
754
289
75
203
691
165
195
159
173
174
170
177
151
197
167
178
159
171
187
70
Building materials except metals
1,187
282
366
299
241
222
261
268
319
343
267
255
252
243
239
71
72
73
74
Materials associated with durable goods output, n.e.s
Steelmaking materials
..
-Iron and steel products
Other metals, primary and advanced, including advanced steel
.
...
Nonmetals (gums, oils, resins, minerals, rubber, tires,
etc.)
5,943
649
1,914
1,108
85
278
1,687
161
604
1,579
190
544
1,568
213
487
1,435
116
409
1,656
184
523
1,723
238
577
1,211
133
322
1,607
149
570
1,508
155
494
1,559
198
496
1,576
180
472
1,572
170
491
1,650
195
526
2,360
529
651
581
598
643
683
663
538
620
597
596
653
649
686
1,020
215
270
264
270
267
266
245
218
268
262
269
271
262
243
658
612
179
433
899
857
218
639
830
786
208
578
831
785
213
573
925
883
224
659
979
927
256
671
925
883
260
623
666
620
183
437
872
827
223
605
848
805
209
596
829
783
201
582
932
890
228
662
950
898
262
636
948
906
261
645
89
162
148
234
133
224
132
202
138
253
144
239
147
228
89
169
144
229
132
219
135
202
138
261
139
233
147
223
85
85a
Capital goods, except automotive
3,218
3,040
Machinery, except consumer-type
817
Electrical and electronic, and parts and attachments .2,223
Nonelectrical, and parts and attachments
Construction, textile and other specializedindustry machinery and nonfarm tractors and
parts
502
823
Other industrial machinery and parts, n.e.s
Agricultural machinery and farm tractors and
347
parts
Business and office machines, computers, etc.,
339
and parts
Scientific, professional and service-industry
equipment and parts; and miscellaneous trans212
portation eQUipment
177
Civilian aircraft, engines, parts.. .
110
Civilian aircraft, complete — all types
86
87
88
89
90
91
92
Automotive vehicles and parts (including engines and parts) _
From Canada
From Canada, transactions value _
_
.
From all other areas
Passenger cars, new and used ..
Trucks, buses, and special vehicles
Parts and accessories (including engines and parts) n.e.s ..
64
65
66
67
68
69
75
76
77
78
79
80
81
82
77
114
74
82
106
101
77
73
94
88
92
100
83
90
63
88
89
99
107
126
110
63
84
103
93
105
121
127
41
46
29
55
43
24
57
43
29
59
46
28
56
42
16
61
52
15
61
42
9
43
46
29
54
43
24
54
43
29
60
46
28
58
42
16
60
52
15
58
42
9
5,341
3,488
S,143
1,853
3,369
716
1,255
1,145
800
7X1
345
698
153
294
1,453
885
796
568
980
158
315
1,174
711
644
463
730
159
285
1,569
1,093
982
476
962
246
361
1,443
878
792
565
949
162
332
1,614
1,021
928
593
1,066
167
381
1,260
715
650
546
729
176
355
1,059
760
688
299
633
146
280
1,392
823
789
569
924
164
304
1,475
932
845
542
947
198
329
1,465
984
886
481
908
211
346
1,328
838
754
490
860
153
315
1,546
952
859
594
1,005
174
367
1,584
941
855
643
951
220
413
93
94
95
96
6,617
Consumer goods (nonfood) , except automotive
Consumer durables, manufactured
3,536
2,480
Consumer nondurables, manufactured
.
Unmanufactured consumer goods (gems, nursery stock) _.
601
1,267
648
475
144
1,704
897
645
163
1,874
996
737
141
1,772
995
624
153
1,652
872
648
132
1,809
979
705
125
2,084
1,106
852
126
1,426
735
538
153
1,761
925
669
168
1,697
926
631
140
1,695
923
632
140
1,852
982
729
141
1,868
1,010
730
128
1,892
1,033
734
125
97
Imports, n.e.s. (low value, goods returned, military aircraft,
Government purchased uranium, movies, exhibits)
313
376
383
399
315
343
376
338
368
384
377
340
335
377
83
84
1,471
p Preliminary.
1. Mainly includes net additions or liquidations of U.S.-owned grains into or out of storage
in Canada; and exports of electrical energy.
2. Reflects exports of military equipment under Department of Defense (DOD) sales contracts with foreign governments to the extent such exports are identifiable from Census export documents; these exports are contained in table 1, line 4 (Transfers under military sales
contracts) .
3. Mainly includes exports of exposed motion picture film for rental rather than sale; and
e
TBeflectea to^.teandZocnceasional special adjustments: valuation adjustments for goods
considered to be underpriced or overpriced in Census data; timing adjustments for goods
recorded in Census data in one period but found to have been shipped in another; and coverage adjustments for special situations in which shipments were omitted from Census data,
5. To correct total exports (and total imports) for discrepancy between seasonally adjusted
sum of four quarters and recorded, unadjusted annual figures,
6. Mainly imports of electrical energy,
7. Consists mainly of foreign charges for repair of U.S. vessels abroad, which are included
in tables 1, 2, and 8, line 17 (Transportation) ; imports from Panama Canal Zone; and imports
of domestically owned grains returned from storage in Canada.
NoTE.-Details may not add to totals because of rounding,
Source: U.S. Department of Commerce, Office of Business Economics.
December 1970
SURVEY OF CURRENT BUSINESS
35
Table 5.—Major U.S. Government Transactions
[Millions of dollars]
Line
A. 1
la
2
3
4
5
6
7
g
9
10
11
12
13
14
15
16
U.S. Government grants (excluding military) and transactions increasing Government assets, total (table 1,
lines 29, 42, and 43, with sign reversed)
1970
1969
1969
I
II
III
IV
I
II r
nip
1,136
1,654
1,089
1,154
1,300
1,372
1,020
1,118
1,619
1,218
1,18S
1,278
1,2S7
1,147
1 644
432
-120
374
295
-234
569
52
109
328
39
1
373
46
4
444
112
-42
412
34
49
348
19
-21
333
200
142
2
8
36
52
32
1
3
180
51
37
(*)
1
59
49
36
1
2
58
49
37
(*)
2
101
45
45
(*)
2
85
54
48
(*)
1
38
47
33
(*)
(*)
146
313
12
334
184
2 861
30
36
254
1
66
22
676
3
36
32
2
90
55
880
-11
40
13
1
92
50
612
58
35
15
7
86
57
694
-20
49
98
(*)
88
66
696
24
31
22
1
85
50
837
-10
43
13
(*)
82
48
565
61
1,156
2,136
1,258
184
257
350
334
(*)
25
200
493
337
22
63
86
66
(*}
U
l
510
649
366
55
85
89
90
182
483
273
50
52
87
92
264
510
284
57
58
88
86
322
512
303
66
66
93
88
342
533
339
50
102
104
85
193
463
175
48
79
80
82
—10
54
—21
26
—13
64
Estimated transactions involving no direct dollar outflow from the United States
. -.
4,298
3 097
Expenditures on U S merchandise
791
Expenditures on U S services 2
Military sales contracts financed by U.S. Government credits 3 - 4 (line
B.4) _
528
2
U.S Government credits 3to repay prior U.S. Government credits
144
U.S. Government credits to repay prior U.S. private credits
88
Increase in claims on U.S. Government associated with Government grants and transactions increasing Govern—16
ment assets (including changes in retained accounts) (line B.7)
334
Less foreign currencies used by U.S. Government other than for grants or credits (line A. 13)
Estimated dollar payments to foreign countries and international and regional organizations through U.S.
734
Government grants and transactions increasing Government assets
964
635
200
157
32
11
1,445
1 073
242
162
38
27
894
657
161
105
37
31
995
732
188
104
38
19
1,120
822
225
70
56
45
1,204
859
236
101
49
61
865
578
172
129
33
42
—4
66
—7
90
—5
92
(*)
86
—9
88
—17
85
—6
82
194
5,032
Seasonally adjusted..
By category
Grants, net
Credits repayable in foreign currencies
Other foreign currency assets (excluding administrative cash holdings), net
Receipts from—
Sales of agricultural commodities
Interest
Repayments of principal
Reverse grants
Other sources
Less disbursements for—
Grants in the recipient's currency
Credits in the recipient's currency
. .
Other grants and credits
Other U.S. Government expenditures
Capital subscriptions to international and regional organizations, excluding IM F_
Credits repayable in U.S. dollars
Other assets (including changes in administrative cash holdings), net
. ..
.
-
..
...
By program
17
18
19
20
21
22
23
24
25
Under farm product disposal programs
Under Foreign Assistance Acts and related programs _.
Under Export-Import Bank Act
_
Capital subscriptions to international and regional organizations, excluding IMF
Other assistance programs
Other foreign currency assets acquired (lines A. 6, A. 7, and A 9)
Less foreign currencies used by U.S. Government other than for grants or credits (line A. 13)
Advances under Exchange Stabilization Fund agreements net
Other (including changes in administrative cash holdings) net
-.
By disposition *
26
27
28
29
30
31
32
33
34
B. 1
la
2
2a
3
4
5
6
171
209
U.S. Government liabilities associated with specific transactions (table 1, line 57); net increase (+)
Seasonally adjusted
- --
138
-70
-79
44
105
Associated with military sales contracts 5 _
..
Seasonally adjusted
- - - U.S. Government receipts from foreign governments (including principal repayments on credits financing
military sales contracts) net of refunds
Plus military sales contracts financed by U.S. Government credits 6 (line A. 29)
Less U S Government receipts from principal repayments
. .
Less transfers of goods and services (including transfers financed by credits) (table 1, line 4)
156
-64
16
-262
-89
-312
—256
-25
205
70
38
254
213
101
138
488
183
129
34
303
-6
-6
-91
298
105
35
405
593
104
116
338
-16
-4
-7
-7
-5
-5
(*)
(*)
-9
-17
—7
(*)
35
28
—5
(*)
(*)
(*)
—9
(*)
—17
(*)
-24
-17
-25
18
11
1
—2
35
-16
— 15
—2
-14
32
-16
95
-10
-171
-45
-115
-15
-242
800
(*)
75
105
-126
-100
-242
800
-2
-30
32
—4
-2
-10
-56
-18
— 22
84
Associated with other specific transactions
Seasonally adjusted
.
-- -- -Purchase of Columbia River downstream power rights
U.S Government nonmilitary sales and miscellaneous operations
Nonmarke table U S Government obligations to be liquidated against U.S. claims
' Revised.
p Preliminary.
*Less than $500,000 (±).
1. The identification of transactions involving direct dollar outflow from the United States
is made in reports by the operating agency. Such data for first and second quarters 1969 and
for second and third quarters 1970, however, are simple extrapolations by OBE, because of
incomplete reports from one operating agency.
2. Line A.28 includes foreign currency collected as interest and line A.30 includes foreign
currency collected as principal, as recorded in lines A.6 and A.7.
3. Includes some short-term U.S. Government claims, net of collections.
4. Consists of transfers of military goods and services financed by U.S. Government credits
and of advance payments to the Defense Department (on military sales contracts) financed
by credits extended to foreigners by U.S. Government agencies. Also includes U.S. Government asset value of U.S. military aircraft and related equipment leased to foreign governments; these transactions are also recorded in lines A.16, A.25, B.4, and B.6.
m
-38
322
162
87
381
13
13a
14
15
16
2
3
4
-115
236
157
66
390
—4
(*)
Foreign holdings of nonmarketable medium-term U.S. Government securities and U.S. Government long-term
obligations, payable before maturity only under special conditions, not associated with specific transactions
(table 1, line 58); net increase (+)
- - -Export-Import Bank Portfolio Certificates of Participation
-German Government 10-year loan to U S Government
U.S. Treasury securities not included elsewhere 7
-- -
155
-43
-65
—16
(*)
C. 1
168
-311
1,449
528
305
1,515
Associated with U S Government grants and transactions increasing Government assets (line A. 32)
Seasonally adjusted
~
Non-interest-bearing securities issued to IDA
_
- -- Non-interest-bearing securities issued to ID B _. . . .
..
Non-interest-bearing securities issued to U.N. for special programs
Foreign funds retained in U S Government accounts for purchases in the United States
Other
-- --
179
—44
243
229
7
7a
g
9
10
11
12
- --
160
219
—4
-41
-71
75
-46
-12
-20
—2
-1
-30
6
150
(*)
75
75
-9
-68
-17
-6
(*)
-12
-20
—2
75
(*)
5. Transactions under military sales contracts are those in which the Defense Department
sells and transfers military goods and services to a foreign purchaser, on a cash or credit basis.
The entries for the several categories of transactions related to military sales contracts in
this and the other tables are partially estimated from incomplete data.
6. Consists of transfers of military goods and services financed by U.S. Government credits
(included in line B.6) and of increases in Defense Department liabilities (on military sales
contracts) which arise from advance payments to the Defense Department financed by
credits to foreigners by U.S. Government agencies. Also includes lease transactions as explained in note 4; lines B.3 and B.5 include U.S. Government receipts of lessee's payments.
7. Includes securities payable in U.S. dollars and in convertible foreign currencies.
NOTE.—Details may not add to totals because of rounding.
Source: U.S. Department of Commerce, Office of Business Economics.
SUEVEY OF CUKRENT BUSINESS
36
December 1970
Table 6.—Claims on Foreigners Reported by U*S. Banks and U.S. Private Residents Other Than Banks
[Millions of dollars]
19 B9f
Line
1969 t
I
II
Amounts
outstanding
Sept. 30,
1970
1970
I
IV
III
III*
II'
Claims reported bv U.S. banks:
A.
1
2
3
4
5
6
7
Long-term (table 1, line 37, with sign reversed)
Canada
United Kingdom
. . .
European Economic Community
Other Western Europe
Japan
--Other countries
—330
—133
—31
—131
-35
r —24
—61
—20
—13
-23
—38
—34
—2
—13
1
10
—13
—14
5
o
(*)
—18
—48
—8
—62
5
1
—10
6
—5
—32
10
—23
3,142
—202
—28
—1
4
-6
—8
—94
' —29
4
2
5
—80
8
Short -term (table 1, line 3S, with sign reversed)
871
—77
588
—255
615
—266
564
—258
9,646
9
10
11
12
13
14
15
U S. -dollar loans
.
C anada .
United Kingdom
European Economic Community
Other Western Europe
Japan
Other countries _
. . .
117
53
31
74
29
76
41
3
—7
11
25
66
—57
119
38
—2
35
8
—47
87
-232
189
40
35
14
7
58
35
12
—4
49
26
28
—63
—39
58
—10
52
—64
—23
—10
70
—86
—19
4
3,253
16
17
18
19
20
21
22
U S -dollar acceptance credits
Canada
. . . _ - - . ..
United Kingdom. ._
_.
European Economic Community
Other Western Europe
. __
Japan
Other countries
—78
4
—2
4
—25
291
10
4
14
10
212
41
243
18
10
—3
(*)
125
93
—235
3,052
—206
1,507
1,174
23
24
25
26
27
28
29
U S. -dollar collections outstanding
Canada
United Kingdom .
European Economic Community
Other Western Europe..
Japan
... .. . ...
Other countries
155
1
14
12
9
74
45
37
—2
(*)
-8
—1
45
3
2,275
30
31
32
33
34
35
36
Other claims in U.S. dollars
Canada
United Kingdom
European Economic Community
Other Western Europe
Japan __ . _ ..
..
Other countries
87
66
24
—8
—10
6
37
38
39
40
41
42
43
Foreign currency deposits and other claims
Canada
United Kingdom
European Economic Community
Other Western Europe .
Japan
.
Other countries
_ _
.- .. .. ..
. .
—146
. .. ...
..
. ..
...
.. . .
_.
315
26
18
21
—10
47
213
—104
45
—28
5
14
—11
—1
—211
—94
3
9
2
2
31
196
9
7
1
3
80
96
117
—2
4
27
6
7
75
109
1
4
—8
3
89
20
94
1
4
16
11
44
18
20
1
21
—6
—1
(*)
—141
221
6
9
30
14
120
42
—99
6
149
161
16
—8
4
—20
—4
58
94
20
—17
2
—3
—38
—41
—44
2
1
3
5
112
110
—27
14
(*)
-8
23
69
40
26
3
—8
5
3
1
42
2
-37
-3
(*)
—3
102
55
9
22
2
g
6
-58
—82
—1
26
3
-6
2
24
25
16
—g
-10
3
—2
424
82
80
13
77
4
74
53
13
203
13
28
-13
49
-3
g
15
-7
16
9
17
30
18
-2
6
—4
1
-6
—296
118
15
-230
-115
233
190
87
-54
26
-7
—9
—48
-11
-7
-35
227
165
62
183
85
-41
7
-5
-2
136
328
57
126
Q
—5
—6
—20
—71
1
25
—18
—1
o
38
—62
—1
—158
—21
—6
—1
—16
—211
97
129
i
—3
3
—6
118
18
••>
416
64
130
253
108
f*)
-3
5
—34
16
_7
2,171
219
126
241
198
479
1,990
1
—3
15
19
94
62
57
158
—61
21
49
141
91
1,121
852
(*)
-2
—5
4
(*)
—7
4
587
284
104
13
8
65
113
—52
-6
—34
2
—5
—6
53
50
(*)
—8
1
8
2
12
24
-14
-4
9
5
-8
479
187
41
72
37
53
89
249
375
12
* 148
31
-15
65
—1
-2
171
9
3
283
10
16
54
8
42
5
—248
— 181
54
45
4
11
-17
—70
96
7
11
-16
-100
— 148
—19
— 58
— 162
-39
84
41
-59
-194
—148
Q
6
^ ^
—148
—96
—24
—9
—3
3
—19
-101
i
Claims reported by U.S. private residents other than banks:
B.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Long-term (table 1 , line 39, with sign reversed) _
Canada .
United Kingdom
European Economic Community
Other Western Europe .
Japan
. _
Other countries
_
. __
._ ..
.
Short-term (table 1, line 40, with sign reversed)
Reported b y brokerage concerns
Reported by others
Canada
United Kingdom
European Economic Community
Other Western Europe
Japan
_
Other countries
.
.
.
.
—66
188
_ _ _ _ _ _ _ _
—285
. ... _
Of which: Deposits and money market assets
_
U.S. -dollar claims reported by major U.S. corporations
Foreign currency claims .
.
..
Canada...
_ ... __
United Kingdom
European Economic Community
Other Western Europe
Japan
Other countries
-28
2
26
31
_
_
-293
—239
—54
177
-369
_ _ _.
—125
66
-20
—78
72
-6
-1
-26
-87
—35
-25
— 17
9
7
—46
-90
—53
-32
-6
1
-14
102
—267
-45
—14
13
49
-267
—131
—136
104
—323
—47
-6
7
112
-199
2g3
-62
(*)
16
-39
g
19
-209
—1
86
1
13
152
97
173
—76
4
—79
83
60
43
48
-219
334
-38
(*)
(*)
20
(*)
1
3, 127
853
164
469
248
160
5
-6
102
1,233
-18
4,663
-21
3
4,460
(*)
1
-12
7
4
3
203
679
1,130
720
273
314
1,344
—143
1,500
1,134
83
60
25
-92
5
5
-3
-25
29
-38
-29
58
156
746
-195
56
(*)
*
-85
366
382
723
158
8
61
168
Memorandum items:
26
27
U.S.-dollar deposits in Canadian banks:
As reported by major U.S. corporations other than banks (included in
lineB. 18).
As reported in Canadian banking statistics.
fData for 1969 correspond to those published in the September 1970 SURVEY OF CURRENT
BUSINESS.
20
58
-44
7
103
137
-163
-57
'Revised.
» Preliminary
* Less than $500,000 (±).
1. Lines B.1-B.25 are based on partial data.
SUKVEY OF CURRENT BUSINESS
December 1970
37
Table 7.—U.S. Liquid Liabilities to Foreigners
[Millions of dollars]
Line
1
2
3
4
5
6
7
g
9
10
11
12
13
14
15
15a
15b
16
17
18
19
20
Liquid liabilities to all foreigners (table 1, lines 59 and 60; table 3, lines 10 through 14) _
To foreign official agencies
Central banks and governmentsDemand deposits
Time deposits 1
Other private obligations, mainly money market paper 1
U.S. Treasury obligations:
Short-term securities
Payable in U.S. dollars.. .
Payable in foreign currencies
Bonds and notes, marketable ..
Bonds and notes, nonmarketable, convertible
Payable in U.S. dollars
Payable in foreign currencies
International Monetary Fund
2
To foreign commercial banks
Demand deposits
Time deposits 1
Other private obligations, mainly money market paper 1
U.S. Treasury short-term securities.. .
.
To other foreign residents and unallocated
21
22
23
Demand deposits
Time deposits *
Other private obligations, mainly money market paper 1
24
25
U.S. Treasury obligations:
Short-term securities
Bonds and notes
- - - - - -
Amounts
outstanding
September 30,
1970
I
II
III
IV
I'
8,199
1,316
4,115
3,658
-890
1,067
404
860
-517
-1 708
-538
2 235
—506
2 762
526
2 046
18 345
-506
-231
1,052
818
— 1,709
-137
-23
—177
—535
25
111
—263
2 244
—44
132
161
—506
—75
832
1 097
2 771
-473
461
767
526
-35
63
—496
2,469
—57
-35
—580
17 758
1,353
3,440
1 830
-1,903
-1,642
-261
—1 344
—1,269
—398
—898
1 920
2,076
—156
—2 081
—2,051
2 145
977
3,121
2,145
1,031
3,121
10 289
10,141
-79
-163
-25
-3
-25
—9
84
-3
-126
17
20
(*)
417
429
-1S8
— 25
-10
—25
109
—67
-212
—212
-126
(*)
429
—11
1
-3
—9
9,217
3,134
4,716
1,554
2,952
4 805
1,811
149
6,968
8,168
4,527
1,112
—1,889
6,422
715
2,090
-10
2,020
195
907
12
3,837
183
703
-7
692
426
446
-10
-441
-22
-145
-143
-88
-388
-50
-46
-37
13
38
-170
25
-12
— 188
-21
-68
7
-67
21
64
18
30
1
-39
2
76
Seasonally adjusted
To foreign branches of U.S. banks 3
1970
196 9t
1969f
-75
(*)
-10
—SO
II'
Hip
—54
44,207
148
-423
587
-187
-1,125
20, 617
—1,865
-102
—1,875
—1,251
-260
-1,523
9,590
-127
—89
34
-5
-2,043
-42
399
1
126
-93
-225
5
-674
42
-490
-3
14, 155
1,896
4,543
23
-131
-151
192
-148
4,484
57
-186
49
2
76
22
-116
-54
-3
1,653
1,770
380
(*)
-3
-18
-53
32
60
-6
31
114
567
-127
-9
-187
-1,685
26
To international and regional organizations not included above -
-60
-88
82
12
-66
141
87
761
27
28
29
Demand deposits
Time deposits 1
Other private obligations mainly money market paper *
-10
-30
119
1
-21
116
7
-17
79
-14
11
4
-4
-3
-80
24
48
-17
-5
-12
24
-1
8
101
75
128
334
30
31
U.S. Treasury obligations:
Short-term securities
Bonds and notes
-150
11
-183
-1
3
10
10
1
20
1
86
-136
2
-15
-6
178
46
-
-
f Data correspond to those published in the September 1970 SURVEY OF CURRENT BUSINESS.
' Revised.
» Preliminary
* Less than $500,000 (±).
1. With maturity of I year or less; negotiable certificates of deposit with a maturity of 1 year
or less are included with money market paper.
2. Includes liabilities of U.S. monetary authorities for gold deposited by and held for IMF.
(*)
Excludes dollar holdings of IMF except holdings acquired through gold sales to the United
States with the option to reverse the transactions.
3. Through April 1970 these data are estimates of liabilities of U.S. banks to their foreign
branches, which were derived from weekly and daily figures compiled by the Federal Reserve
System. Beginning in May these data are reported monthly by U.S. banks.
SUEVEY OF CUEEENT BUSINESS
38
December 1970
Table 8.—U.S. International
[Millions
European Economic Community
United Kingdom
Line
1969
(Credits+; debits-)
1969
I
1 Exports of goods and services
2
Excluding transfers under military grants
...
IV
III
I
III"
IF
It
1970
1969
1969
II
III
IV
It
II'
III"
3,831
3,832
817
817
969
969
942
942
1,103
1,103
968
968
1,109
1,109
982
982
9,153
9,155
1,839
1,839
2,430
2,431
2,344
2,344
2,540
2,540
2,663
2,663
2,919
2,919
2,736
2,736
2,026
293
(*)
325
396
85
499
65
682
49
588
16
100
111
1,315
112
(*)
103
141
1,702
120
-1
157
1,995
59
(*)
118
1,999
41
(*)
131
2,248
118
(*)
157
1,995
43
79
6,861
395
-2
518
1,849
104
102
603
72
(*)
75
585
31
62
528
71
(*)
86
3
4
5
6
Merchandise, adjusted, excluding military _
Transfers under military sales contracts
Transfers under military grants, net
Transportation
7
8
9
10
Travel
Fees and royalties from direct investments .
Other private services. _
..
Other U.S. Government services
43
186
172
16
7
41
43
4
10
46
43
4
17
49
43
4
9
50
43
4
9
40
48
5
13
59
49
4
22
50
48
5
138
299
270
23
23
69
67
6
36
74
69
6
46
70
66
7
33
85
68
5
28
74
78
8
47
82
81
6
49
78
77
8
11
12
13
Income on U.S. investments
abroad:
Direct investments 2 _ _
Other private assets
U.S. Government assets
327
194
250
105
43
31
81
49
51
80
48
35
61
53
133
87
54
30
68
57
28
83
50
9
453
130
67
105
28
12
104
32
17
125
32
20
120
38
18
241
42
21
102
45
33
237
44
24
14
_ ..
II
1970
Imports of goods and services
15
16
17
Merchandise, adjusted, excluding military
Military expenditures
Transportation
18
19
20
Travel
Private payments for other services
U.S. Government payments for other services .. ..
21
22
Income on foreign investments
in the United States:
Private payments 2
U.S. Government payments
0
182
-4, 543
-822 -1,211 -1,290 -1,221 -1, 154 -1,230 -1, 187 -9,226 -1,711 -2,575 -2,584 -2,357 -2,351 -2,685 -2,816
-2, 112
-208
-517
-378
-60
-94
-608
-46
-154
-561
-49
-153
-565
-53
-115
-541
-65
-115
-553
-53
-164
-229
-234
-14
-16
-59
-3
-71
-59
-4
-101
-57
-3
-41
-59
-4
-23
-66
-3
-90
-68
-4
-120
-66
-3
-454
-95
-71
-40
-23
-17
-127
-23
-17
-218
-24
-20
-69
-25
-16
-46
-26
-16
-155
-28
-20
-265
-26
-18
-1, 196
-34
-203
-9
-260
-9
-358
-8
-375
-8
-331
-9
-290
-8
-262
-10
-582
-262
-114
-55
-139
-64
-157
-66
-172
-77
-188
-57
-171
-87
-176
-112
-712
-712
-4
-4
-242
-242
-347
-347
-118
-118
-186
-186
-121
-121
-205
-205
-73
-72
128
129
-145
-144
-241
-240
183
184
312
312
234
234
-80
-80
8
7
-1
-1
1
1
1
7
6
-9
-9
-9
-9
31
23
24
19
(*)
(*)
-27
-515 -5, 830 -1,023 -1,708 -1, 562 -1, 537 -1, 546 -1,663 -1,640
-52 -1, 172 -290 -281 -300 -301 -290 -328 -331
-160 -762 -150 -216 -237 -159 -180 -233 -249
23
24
Balance on goods and services (lines 1 and 14)
Excluding transfers under military grants (lines 2 and
14).
25
26
Unilateral transfers, net; transfers to foreigners (— )
Excluding military grants
-44
-44
-10
-10
-12
-12
-11
-11
-11
-12
-8
-8
-17
-17
-13
-13
9
7
27
28
29
30
Private remittances
Military grants of goods and services
Other U.S. Government grants
U.S. Government pensions and other transfers
-27
(*)
-5
-7
(*)
-7
-7
(*)
-4
-11
-8
(*)
-18
-4
-5
-4
-5
-4
-6
-5
102
2
(*)
-95
-23
-24
-24
-24
29
(*)
(*)
-23
31
Balance on goods, services, and unilateral transfers (lines
23 and 25, or 24 and 26).
-756
-14
-254
-359
-129
-195
-138
-218
-65
136
-145
-240
184
318
225
-89
32
Transactions in U.S. private assets, net; increase in assets
-250
-294
-55
-102
200
-624
83
-187
-510
-67
-626
-197
380
-598
-421
-316
-284
-150
-63
-77
5
-329
-147
-464
-394
-242
1
-29
3
-46
4
-11
2
-9
5
69
3
29
-244
— 14
2
47
313
1
-66
-648
-14
45
222
-445
5
-32
-96
-130
4
10
-273
10
-173
35
77
7
44
8
32
5
-8
13
-100
1
-10
13
-17
(*)
-38
-1
-35
-1
-10
2
15
3
21
23
-120
-4
44
-1
-99
18
-28
10
-37
-25
49
-4
38
-5
-72
-4
289
13
-28
-80
-44
7
70
-1
2
39
-29
15
260
87
-3
-273
-15
220
62
-5
7
-11
-74
56
-193
13
79
-17
-16
-97
4
-6
27
-189
-65
47
9
-283
74
2
-16
-85
127
6
30
-178
-29
-86
-1
-42
-3
-10
-20
-40
-5
-10
-5
-17
19
-18
8
-126
6
-25
1
-41
3
-40
-9
-20
12
-22
5
-14
2
-15
1
173
46
43
41
3
59
-131
7
16
18
24 3 -155
18
19
40
99
44
662
84
138
-65
505
1,459
296
-377
-517
-75
-174
111
-532
476
432
-749
26
-275
662
84
138
-65
505
1,459
296
-377
232
-101
101
-532
476
412
5,471
2,867
3,411
474 -1,280
-989
-200
100
1,626 -1,073
1,687
2,817 -1,804
825
1,600
3,012
86
82
46
32
67
-41
17
13
103
-39
23
-9
37
10
324
128
1
-24
-95
1
159
95
1
28
363 .
1,392
382
-1 (*)
161
213
28
367
(*)
145
430
-1
-25
78
14
89
247
56
-3
240
2
112
-50
12
8
-14
-18
29
19
85
-59
67
110
123
121
119
68
401
151
76
10
49
-1
109
72
167
70
75
-37
114
18
-70
89
-120
(*)
-8
-23
(*)
-51
-37
-21
-47
19
169
224
-54
125
-66
124
-6
-100
294
75
-19
-542
-125
(*)
-22
75
-316
2
33
34
35
36
Direct investments
Foreign securities newly issued in the United States
Redemptions.
..,
Other transactions in foreign securities
37
38
Claims reported by U.S. banks:
Long-term
Short-term
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
Claims reported by U.S. residents other than banks:
Long-term
Short-term
Transactions in U.S. Government assets, excluding official
reserve assets, net; increase in assets (— )
Loans and other long-term assets
Foreign currencies and other short-term assets -_
Repayments on credits:
Scheduled
Nonscheduled (including sales of foreign obligations
to foreigners)
Transactions in U.S. official reserve assets, net; increase in
assets (— ).
Gold.
SDR
Convertible currencies
Gold tranche position inlMF
Transactions in foreign assets in the United States, net;
increase in foreign assets (U.S. liabilities) (+).
Direct investments 2
U.S. securities other than Treasury issues
Long-term liabilities reported by U.S. banks
Other liabilities reported by U.S. private residents other
than banks:
Long-term
Short-term
...
.
Nonmarketable liabilities of U.S. Government, including
medium-term securities and long-term obligations
payable prior to maturity only under special conditions:
Associated with specific transactions
Other medium-term securities and long-term obligations.
U.S. Treasury marketable or convertible bonds and
notes.
Deposits and money market paper held in the United
States.
(*)
56
19
-35
5,259
2,736
3,512
Balance on transactions in U.S. and foreign liquid and non- 5,895 2,613 3,493
liquid assets, including reserves (lines 32. 41, 46, and 51).
Allocations of special drawing rights (SDR)
Errors and omissions, and transfers of funds between -5, 139 -2,599 -3,238
foreign areas, net; receipts by foreign areas (— ).
132
(*)
72
59
-379
(*)
20
(*)
-30
—500
-379
611
20
-57
46
27
-50
-49
-217
-126
1
318 -1,307 -1, 542
-326
-388
-755 -1,589
1,255
2,347 -2,768
1,406
1,201
2,701
407 -1,232
890
2,052 -1,304
-303
1,783
3,159
(*)
61
278
-487
-169
240
-474
62
63
81
617
363
-102
692
http://fraser.stlouisfed.org/
54, 60, 61 and 63 have been revised.
Federal Reservet Lines
Bank32,
of 37,
St.51,
Louis
24
1
(*)
-343
1,096
(*)
-745 -1,812
1,120
(*)
-15 -2,008 -3,070
_ 1. Includes transactions with shipping companies operating under the flags of Honduras,
December 1970
SUKVEY OF CUKKENT BUSINESS
39
Transactions, by Area
of dollars]
Other Western Europe
Eastern Europe
Canada
Line
1969
1969
I
4,625 1,04C
4,319
943
1970
1970
1969
1969
II
III
IV
i
II'
1,220
1,125
1,145
1,040
1,220
1,212
1,295
1,257
1,345
1,260
1,170
1,137
296
296
49
49
71
71
78
78
98
98
101
101
99
99
96
96
12,145
12,145
253
41
63
64
85
92
89
83
7
1
2
<
2
1
2
I
III*
III
II
IV
II
III
IV
I
II'
2,893
2,893
3,173
3,173
2,919
2,919
3,159
3,159
3,048
3,048
3,364
3,364
3,015
3,015
1
2
9,179
45
2,235
8
2,403
10
2,12*
2,41
2,256
(
2,529
13
2,100
10
3
1
161
34
40
45
4
39
50
53
4
5
6
815
268
177
6
185
61
*
230
65
4-
275
70
4
12
72
44
190
74
45
236
73
49
]
315
76
50
3
7
8
9
10
762
165
160
(*)
189
191
(*)
172
174
(*)
235
207
(*)
243
195
(*)
199
215
(*)
203
206
11
12
13
II' III*
I
2,751
175
305
531
582
40
97
103
737
45
95
142
649
37
105
151
783
52
8
136
854
44
38
140
838
35
84
164
726
26
33
171
83
103
128
68
15
26
31
14
18
27
32
20
24
24
32
17
26
26
33
17
21
24
36
17
27
30
35
16
26
28
34
26
4
4
18
2 (*) (*)
4
1
4
1 (*)5
i
5
1 (*)
246
123
113
74
28
33
48
31
25
49
31
25
75
34
30
66
32
22
54
35
26
40
31
28
4
13
1
6
1
r
1
1
1
1
2
2
1
1970
1969
1969
5
I
73:
III"
-4,337 -830 -1,238 -1,192 -1,078 -1,094 -1,257 -1,299 -234 -49 -67 -65 -54 -65 -63 -65 -12,047 -2,631 -3,074 -3,112 -3,23 -2,938 -3,354 -3,382
44 -57 -49 -49 -59 -52 -49 -9, 994 -2, 289 -2,571 -2,330 -2,804 -2, 555 -2, 802 -2,509
-685
-566
-596
-571
-604
-576 -199
(
-59
-60
-295
-65
-72
-66
-60
-68
-64
-rl (*)
-78
-77
-76
-63
-67
(*)
(*)
-205
2 2
-186
-145
-156
-210
-55
-55
-48
-56
-58
—2
-43
-58
-213
-191
-7
(
^2
-392 -47
-110
-54
-185
-50
-70
-495
-87 -237
-560
-900
-217
-135
-230 -19
-118
-6 -11 -1 _1 -6 -12
-56 -15
-12
-16
-3(
-13
-12
-35
-3J
-37
-3*
-136
-3J
3
-16
-18 w
(*)
(*)
(*)
~
'
e
r
2
-53 -13
-12
—J
-15
-12
—2 —2
-13
-14
—2
-15
-10
-2, 272 -425
-247 -62
-656 -120
<2 2 <2,
(
-,
-564 -122
-97 -26
S
(*)
(*)
<2
c*)
(*)
-87
-27
-95
-23
-105
-24
-116
-25
-118
-30
-103
-43
-101
-50
21
22
30
30
98
98
263
263
99
99
-193
-193
-71
-71
111
111
10
10
-366
-366
23
24
-7
-7
-70
-70
-18
-18
-23
-23
-29
-29
-14
-14
-25
-25
-21
-21
25
26
-3
-3
-29
10
-8
-13
-19
-3
-11
-8
-1
-2
-2
-2
-41
-10
-10
-10
-10
-11
-14
-14
27
28
29
30
30
30
23
28
263
82
-216
-101
97
-14
-388
31
-5
-1
2 -2, 192
-778
-408
-348
-658
-6
-465
-381
32
-619
-1,270
230
-82
-166
-382
35
27
-82
-211
60
-135
-154
-420
40
-11
-217
-257
95
37
-185
-329
70
51
-279
-58
68
27
-180
-249
55
25
33
34
35
36
2
2 (*)
20
-286
28
-149
2
-57
-5
105
-5
-185
2
174
-10
-163
(
-77
-108
-4
-13
-158
-4
-15
31
1
-18
115
-1
-31
-96
(*)
-9
221
-4
-8
-42
1
-42
-3 ~~~4
-5
39
40
41
-5 -2 -1 -3 -10 -15 -13
3
5
2
4
7 (*)
7
-5
2
-3
-1
-3
4
-1
(*)
-3
-3
-5
6
-1
-1
42
43
-143
-20
-169
-27
-191
-31
-185
-26
211
113
-18
-113
-47
-152
142
134
200
162
88
3
-129
-162
62
62
1
1
4
4
13
13
43
43
36
36
36
36
-563 -157
-258 -60
-176
-81
-165
-60
-65
-57
-90
-52
-150
-66
-93
-60
-21
-21
-4
-4
-6
-6
-5
-5
-6
-6
-6
-6
-36
-105
-3
-21
-33
-8
-5
-20
-26
-38
-7
-19
-35
-84
-7
-24
-33
-33
-4
-24
-11
-2
-3
-3
-3
-6
-6
-4
-3
-7
-1
-2
-1
22
-1
-2
-1
2-
-2
8
38
-15
288
-18
(*)
(*)
-143
-305
-35
-80
-36
-97
-19
-38
-95
-23
-20
-276
54
-194
-212
77
110
-63
-222
41
-4
-158
-26
-145
27
-13
-58
-20
-21
-17
3
-226
-2
-76
-90
-58
-104
-15
-120
13
41
5
6
4
-27
1
33
3
30
4
32
5
12
5
11
38
-29
6
7
-10
-29
48
4
-6
-11
18
-15
-2
-66
34
59
6
-12
-53
59
-81
-49
1
-23
-9
2
-52
4
28
-5
1
28
-1
-10
17
-48
39
7
-35
-232
-9
-49
-7
-91
-4
-48
2
-44
(*)
-80
-5
-75
-7
-40
-15
-10
16
156
4
33
39
4
41
43
37
44
3
48
26
-304
-32
-11
-7
-254
47
6
-220
26
-221
-4
1
7
-58
-16
f
-9
-84
2
-33
-96
46
-1
2,097
288
-428
230
2,007
569
-385
-359
100
807
-8
20
505
-10
12
22
-1
10
30
1
59
251
2
24
16
124
-68
62
-55
27
10
-23
12
58
-35
c
-41
67
2
-19
-20
-19
-20
12
-32
(*)
-11
-1
(*)
147
20
(*)
(*)
-100
(*)
10
110
5
\
10
10
2
5
2
-4
-1
-9
^6
(*) *)
2 -9
5
14
13
9
5
5
3
8
7 -15
(*)
(*)
(<)
3
16
23 -18
(*)
(*) (*)
-1
12 (*)
1
-1 (*)
(*)
(*)
-1
1
C) (*)
1
(*)
(*)
(*)
(*)
(*)
30
39
76
1
-1
1,033 -225
-556
112
1,702
588
-577
-571
1,554
207
-636
245
1,739
363
-392
-382
23
-1,278 -260
830
-33 -1,816
-472
455
604
-64
http://fraser.stlouisfed.org/
ExcludesBank
undistributed
profits of subsidiaries.
Federal2.Reserve
of St. Louis
-13
-2 (*)
176
2
(
-5 (*)
4 (*)
3 -5
6
(*) (*)
0 (*)
(*)
(*)
-5 (*)
(*)
-5 -11 "4 (
-7
5
32
8
18
19
20
-402
-99
-131
-24
-1
-171
-30 (*)
14
15
16
17
% 3738
44
45
2
46
4
2
2
(*)
(*)
(*)
C)
(*)
4
2
2
(*)
(*)
(*)
(*)
0
1,293
521
-98
243
197
(*)
143
161
(*)
-30
1
-53
-16
—175
47
48
49
...50
556
-2
713
433
51
-3
12
(*)
152
-57
(*)
70
23
3
36
46
-1
52
53
54
—i
t
i
23
c
-16
10
-9
4
-3
55
56
19
—250
-32
75
-1
300
8
800
-14
57
58
71
40
(*)
314
32
-16
(*)
15
-1
59
8 -16
22 -18
1,194
264
22
303
605
-384
-207
366
60
-17
17 -13
-899
-259
-502
-36
-102
-12
249
50
61
" — ( -31 -35 -12 -47 -11
87
-4
421
203
-85
-235
337
62
63
4 (*)
(*)
9 -12
-5
5
8
23
-112
-118
(*)
25
NOTE.—Details may not add to totals because of rounding.
SURVEY OF CURRENT BUSINESS
40
December 1970
TableS.—U.S. International
[Millions
Japan
Latin American Republics and other Western Hemisphere
Line
(Credits +; debits-)
1969
1969
I
1 Exports of goods and services
2
Excluding transfers under military grants...
1970
II
III
IV
It
II '
III"
1970
1969
1969
I
II
III
IV
I
III"
II'
9,368
9,332
1,928
1,917
2,531
2,522
2,419
2,411
2,490
2,482
2,465
2,459
2,712
2,706
2,593
2,587
4,500
4,500
920
920
1,107
1,107
1,161
1,161
1,313
1,313
1,398
1,398
1,426
1,426
1,454
1,454
3
4
5
6
Merchandise, adjusted excluding military
Transfers under military sales contracts
Transfers under military grants, net
Transportation
5,532
29
37
465
1,066
8
11
91
1,518
6
10
123
1,420
9
8
135
1,528
1,502
10
6
117
1,637
11
6
137
1,595
12
6
151
3,503
18
(*)
263
691
4
(*)
54
856
4
909
73
1,106
6
(*)
73
1,127
4
(*)
72
1,047
5
(*)
64
1,176
10
8
117
87
73
7
8
9
10
Travel
Fees and royalties from direct investments
Other private services _
Other U.S. Government services
807
239
298
71
178
46
72
17
224
68
75
20
212
60
76
16
193
65
75
18
198
59
82
17
233
69
85
17
225
73
86
17
67
49
210
26
13
12
53
3
17
14
52
12
19
12
52
4
18
12
53
6
21
13
58
4
26
17
60
4
21
15
60
7
11
12
13
Income on U.S. investments
abroad:
Direct investments 2 .
Other private assets
U.S. Government assets
1,277
462
152
305
102
33
327
117
43
339
114
30
305
129
47
307
132
35
331
142
45
262
135
32
70
264
32
23
58
8
9
63
9
13
68
7
26
75
8
33
77
7
18
75
8
13
72
7
14
Imports of goods and services
-.
. .
-7,566 -1,807 -1,948 -1,870 -1,941 -2,213 -2,163 -2,046 -6,227 -1,192 -1,642 -1,738 -1,655 -1,607 -1,801 -2,010
-898 -1, 314 -1, 386 -1, 295 -1,268 -1,408 -1,630
-152
-162
-179
-160
-178
-156
-156
-72
-68
-79
-54
-67
-66
-89
15
16
17
Merchandise, adjusted excluding military
Military expenditures
Transportation
-5, 217 -1, 201 -1,376 -1, 271 -1, 369 -1, 530 -1, 529 -1,407 -4, 893
-42
-42 -651
-51
-41
-176
-38
-46
-43
-71
-86
-76
-87
-87 -260
-313
-81
-88
18
19
20
Travel
Private payments for other services
U.S. Government payments for other services
-1, 145
-143
-166
-330
-34
-41
-278
-38
-38
-281
-38
-45
-256
-33
-43
-348
-39
-40
-294
-44
-36
-305
-44
-44
-70
-23
-19
-11
-6
-4
-20
-6
-5
-24
-6
-5
-15
-6
-5
-14
-7
-5
-32
-7
-5
-35
-7
-5
21
22
Income on foreign investments
in the United States:
Private payments 2 , _
U.S. Government payments
-387
-18
-75
-6
-89
-5
-105
-4
-118
-3
-127
-3
-124
-3
-112
-233
-78
-48
-20
-51
-20
-66
-17
-68
-21
-67
-25
-68
-23
-70
-19
584
574
549
541
549
541
252
246
549
543
547 -1,727
541 -1,727
-273
-273
-375
-375
-557
-557
23
24
Balance on goods and services (lines 1 and 14) _.
Excluding transfers under military grants (lines 2 and 14)
1,803
1,766
121
110
25
26
Unilateral transfers, net; transfers to foreigners (— )
Excluding military grants
-478
-441
-109
-98
27
28
29
30
Private remittances
Military grants of goods and services
Other U.S. Government grants
U.S. Government pensions and other transfers
-181
-37
-221
-40
-40
-11
-47
-11
-47
-10
-71
-11
-48
-8
-43
-9
-46
-8
-60
-9
-48
-6
-70
-11
-52
-6
-63
-11
426
118
417
-275
-307
-138
-128
-108
-100
-123
-115
-135
-129
-2
-22
-43
6
-12
-94
3
-97
3
-92
11
22
5
-8
-36
9
-106
-18
-18
34
-228
8
61
13
-171
8
59
5
-177
1
157
-5
-192
-16
182
-170
-18
-39
-67
-8
-47
-105
-18
-13
-25
3
7
-17
-17
-1
— o0
2
-12
-16
-43
-8
-13
6
-4
-169
-236
-2
-163
-251
-1
-123
-200
-1
-157
-245
-5
-103
-172
-3
6
-140
16
29
-29
9
-8
-47
4
5
-30
3
-20
-34
C)
52
-54
(*)
-23
-48
5
4
-23
-2
70
90
78
93
72
130
49
36
33
14
25
81
21
29
7
9
4
22
7
9
4
-8
604
318
238
-934
569
247
173
254
80
-28
43
4
-35
-154
21
77
-42
-9
20
-42
6
-32
-22
4
16
-91
-34
5
-2
10
-26
3
1
-5
1
-4
-10
1
-19
-47
2
-60
7
4
-93
1
9
35
7
4
-7
-6
1
-11
37
13
45
11
46
11
18
(*)
-10
-18
8
-9
22
-7
6
-5
-10
-12
22
22
-2
-3
6
-5
47
85
39
99
K
-19
-3
94
6
-89
-134
35
7
27
4
-9
25
35
-554
-876
3
-93
-164
1
-131
-224
6
316
2
71
se
44
7
15
22
44
7
15
829
151
82
11
165
-332
10
55
-17
-24
68
-119
57
58
59
60
61
62
63
12
-182
r
(*)
(*)
3
1
-3
2
3
1
2
928
117
127
141
543
358
267
Balance on transactions in U.S. and foreign liquid and non-65
liquid assets, including reserves (lines 32, 41, 46, and 51).
Allocations of special drawing rights (SDR)
Errors and omissions, and transfers of funds between -1,260
foreign areas, net; receipts by foreign areas (— ).
106
281
-74
-44
-201
U.S. Treasury marketable or convertible bonds and
notes.
Deposits and money market paper held in the United
States.
-2
-43
-131
—8
15
-1
40
2
-3
11
—9
88
—11
7
Other liabilities reported by U.S. private residents other
than banks:
Long-term ..
Short-term
.
Nonmarketable liabilities of U.S. Government, including medium-term securities and long-term obligations payable prior to maturity only under special
conditions:
Associated with specific transactions
Other medium-term securities and long-term obligations.
-2
-29
-164
—1
3
-22
55
56
*>-2
-63
—9
6
-294
-173
—4
t
-17
Transactions in foreign assets in the United States, net;
increase in foreign assets (U.S. liabilities) (+).
Direct investments 2 ..
U.S. securities other than Treasury issues.
Long-term liabilities reported by U.S. banks.
-2
-151
— 16
18
-48
-95
—16
9
-30
52
53
54
-2
-160
—1
9
-3
-344
—32
24
-65
51
-9
(
88
-33
Gold
SDR
. .
Convertible currencies
Gold tranche position in IMF-
-7
-7
(*)
(*)
-2
-273
-209
47
48
49
50
-8
-7
-74
41
Transactions in U.S. official reserve assets, net; increase in
assets (-).
-8
C)
-6
(*)
-284
-384
46
-7
(*)
-27
8
39
Transactions in U.S. private assets, net; increase in
assets (-).
44
45
-9
-9
-9
-9
-592
32
42
43
-11
-11
-9
-9
-356
441
Claims reported by U.S. residents other than banks:
Long-term
Short-term
Transactions in U.S. Government assets, excluding official
reserve assets, net; increase in assets ( — ) _ _ _
Loans and other long-term assets .
Foreign currencies and other short-term assets
Repayments on credits:
Scheduled
Nonscheduled (including sales of foreign obligations to
foreigners) .
-10
-10
-8
-8
-352
445
39
40
41
-10
-10
-36
-36
-586
12
37
38
-209
-209
-545
1,325
Claims reported by U.S. banks:
Long-term. _
Short-term
-52
-6
-49
-11
-342
-343
-281
Balance on goods, services, and unilateral transfers (lines
23 and 25, or 24 and 26).
Direct investments 2
Foreign securities newly issued in the United States
Redemptions
Other transactions in foreign securities
-117
-111
-577
-577
430 -1,763
31
33
34
35
36
-132
-126
-535
-535
-118
-258
-194
-188
-247
-708
3
52
(*)""
(*)
10
-106
-13
1
1
(*)
14
-1
(*)
(*)
3
(*)
(*)
-219
52
-386
-239
-566
178
a
(*)
(*)
469
228
-111
169
183
121
-217 -1,389
-17
314
-398
105
-38
221
-289
225
959
1,780
-33
481
390
-2
675
341
-911
942
85
123
SURVEY OF CURRENT BUSINESS
December 1970
41
Transactions, by Area—Continued
of dollars]
Australia, New Zealand, and South Africa
1969
1969
1970
II
IV
III
I
II'
1970
1969
1969
I
International organizations and unallocated 1
Other countries in Asia and Africa
I
III'
II
III
IV
It
II '
III"
2,048
2,048
417
417
527
527
529
529
575
575
569
569
589
589
683
683
9,541
9,121
1,869
1,781
2,689
2,567
2,319
2,284
2,663
2,488
2,524
2,419
2,840
2,708
2,412
2,364
1,354
103
250
39
354
32
360
16
390
16
359
18
391
22
433
89
862
95
88
95
1,564
109
122
152
1,233
144
35
147
1,355
109
175
139
1,376
98
105
143
1,491
236
132
157
1,324
98
48
167
1970
1969
1969
I
767
767
151
151
IV
III
II
164
164
137
137
I
315
315
Line
III"
II '
144
144
134
134
148
148
1
2
3
4
5
6
93
18
26
26
23
25
32
28
5,014
457
420
533
236
46
61
63
66
62
65
70
36
85
94
1
6
18
24
(*)
8
21
24
(*)
13
15
23
(•)
9
30
23
(*)
8
22
27
(*)
11
26
28
(*)
15
22
24
(•)
69
121
255
163
10
24
63
39
15
33
63
45
25
29
64
39
19
36
65
40
15
26
65
35
24
37
65
38
30
28
64
38
20
133
5
33
5
33
5
33
5
33
5
37
4
37
37
7
8
9
10
209
50
24
50
11
1
37
14
10
63
11
1
59
14
11
96
12
2
54
15
11
58
12
2
1,997
232
280
475
55
63
461
54
73
473
62
69
589
62
75
515
69
78
514
66
80
479
69
69
298
79
1
42
24
1
52
13
7
28
197
13
(*)
10
29
1
5
13
9
2
30
4
11
12
13
-1,268 -250 -325
-376
-317
-339
-310
-364 -7,296 -1,577 -1,898 -1,931 -1,891 -1,858 -1,928 -2,013
-820
-144
-174
-233
-268
-218
-207
-270
14
-1, 055 -198 -274
-42 -11 -10
-80 -18 -20
-318
-10
-23
-265
-11
-19
-279
-13
-22
-255
-12
-23
-306 -4,263
-11 -2, 058
-23 -274
-877 -1, 146 -1, 126 -1,114 -1,109 -1,158 -1,223
-488 -500 -491
-495 -511 -528 -524
-72
-55
-81
-73
-66
-76
-88
-530
-100
-130
-128
-172
-140
-151
-156
15
16
17
c
-28
-9
-5
-7
-7
-10
-6
-8
-153
-25
-36
-56
-36
-35
-45
-65
-26
-7
-6
-8
-6
-5
-6
-5
-245
-60
-60
-61
-64
-59
-61
-64
-98
-5
-1
-50
-43
-12
-1
-53
18
19
20
-24
-8
-5
-2
-6
-2
-7
-2
-6
-2
-6
•*-2
-6
-2
-7
-3
-213
-74
-45
-17
-49
-19
-55
-19
-65
-19
-70
-18
-64
-17
-57
-19
-84
-108
-14
-25
-18
-26
-28
-28
-24
-29
-32
-33
-26
-30
-30
-30
21
22
780
780
167
167
202
202
154
154
258
258
230
230
278
278
318
318
2,245
1,825
293
204
792
670
388
354
772
597
666
561
912
780
399
351
-53
-53
7
7
-10
-10
-96
-96
46
46
-74
-74
-74
-74
-122
-122
23
24
-22
-22
-6
-6
-5
-5
-6
-6
-5
-5
-4
-4
-6
-6
-6 -2,234
-6 -1,814
-504
-416
-685
-563
-450
-415
-595
-420
-607
-502
-606
-474
-486
-438
-135
-135
-36
-36
-58
-58
-11
-11
-30
-30
-36
-36
-54
-54
-27
-27
25
26
-18
-5
-4
-5
-4
-3
-5
-103
—88
-286
-27
-118
-122
-417
-28
-115
-35
-270
-30
-113
-175
-278
-30
-144
-105
-331
-28
-156
-132
-287
-31
-138
—48
-267
-33
-2
-1
-1
-1
-1
-1
-134
-35
-58
-11
-30
-35
-54
-27
27
28
29
30
-3
-1
-1
-1
-1
-1
-449
-420
-1,251
-1 -115
758
161
197
148
253
226
272
312
11
-212
107
-61
177
59
306
-87
-188
-29
-68
-107
16
-110
-128
-150
31
-71
6
-17
-19
-41
-100
-146
14
-699
-186
-521
10
-1
-241
-514
149
-362
-84
-56
-56
-165
10
-10
-246
32
-153
-25
-29
-35
-64
-124
-122
10
4
3
4
-247
-53
5
-6
-73
-32
12
2
112 -173
-47
-47
13
7
-1
1
-390
-40
6
-2
38
-28
4
2
-316
-164
88
31
-46
-115
56
20
-28
-49
15
5
40
-49
20
1
-35
2
-207
-47
11
17
-173
15
-3
-415
-179
41
14
-70
3
2
-65
-194
11
3
33
34
35
36
7
-5
31
-13
13
-6
-4
-4
96
-184
40
5
-14
-173
51
54
19
-70
7
-30
58
-87
27
80
(*)
(*)
(*)
(*)
(*)
-1
1
(*)
37
38
'' 9
-1
3
-8
-26
-3
12
-68
-3
-12
8
-37
3
-18
14
-1
-28
-14
10
-3
-56
6
20
(*)
(*)
(*)
(*)
(*)
-1
-71 -1,316
-74 -1,748
88
(*)
-276
-580
223
-514
-487
-111
-249
-308
-31
-278
-373
7
-307
-446
22
-404
-462
-65
-210
-341
39
-43
-48
-10
-12
352
-9
80
1
83
1
90
(*)
99
3-11
111
6
113
11
90
2
5
3
22
1
4
(*)
53
3
11
17
23
-18
12
9
.-1
4
-3
2
3
2
-9
-37
2
-40 -26
1 -3
-28
-29
-2
20
-21
(*)
-15
-19
1
10
-28
(*)
2
40
3
38
-44
-115
-3
(
-5
74
2
1
1
-33
-3
-25
-9
4
-23
4
42 -1,044
-32
1
1
-33
-3
-25
-9
4
-23
4
42
-10
-1
-1, 034
-31
172
140
284
512
31
9
61
15
-1
11
39
12
-9
3
18
2
-3
—2
46
.9
5
(*)
(*)
29
82
— 'i
58
110
—|
-816 -271 -191
-86
108
37
46
-16
-14
61
8
-17
3
-1
-6
-3
-7
-4
3
2
g
.—•7
(*)
26
(*)
6
-123
6
1
72
-505
6
5
4
1
4
-11
(*)
(*)
-72
22
37
44
-133
87
-78
-90
-15
4
-339
-148
-182
9
-162
-42
3
21
-60
17
-87
1
27
-212
-1
7
-146
7
8
3
8
2
39
-6
-6
8
-33
44
-70
11
-10
64
-45
-27
-15
^.4
-3
g
323
-176
-51 -2, 170
-262
-203
2,160
1
(*)
12
-127
-276
3
32
-70
41
5
37
.-147
.-10
1
(*)
,22
-115
1
36
-192
389
379
127
(*)
7
7
-8
-24
-920
-37
322
-34
47
48
49
50
-228
-233
-542
-253
227
406
66
150
98
208
-58
-252
51
91
29
52
53
54
76
90
-24
28
(*)
140
10
(*)
100
32
96
55
56
(*)
57
58
-8
59
77
-154
-364
60
-145
-621 -1,008
110
199
61
252
867
251
-49
62
63
20
6
-1
8
-132
-123
-no
54
-16
-668 -1,222
-290
9
-134 -1,060
-50
-243
222
44
45
-1
16
884
3
46
-30
(*)
41
42
43
694
1
-186
3
190
604
351
-12
-12
-542 -1, 197
—2
1,115
-29
-32
-241
454
879
-12
-12
39
40
-229
196
-59 -1,190
-2
27
-3
3
-151
(*)
io
3
(*)
(*)
3
-24
-24
75
187
-1
(*)
(*)
1,248
79
312
-1
(*)
-51
605
17
SUKVEY OF CUEEENT BUSINESS
42
December 1970
Table 9.—Changes in Reported Foreign Gold Reserves, SDR Holdings (Excluding Allocations), and Liquid Dollar Holdings Through
Known Transactions With the United States and Through Other Transactions, by Area 1
[Millions of dollars]
1969
Line
1970
1969
I
IV
II
III
3,731
3,815
2,902
2,973
II"
I'
III*
All areas:
1
2
3
Total increase
Through known transactions with the United States
Through other transactions
7,112
7,011
1,413
1,270
101
143
5,373
-1, 495
6,868
887
-866
1,753
5,974
-934
-1,046
1,743
1,549
194
-71
112
4,154
2,527
-2, 195
-2, 304
1,061
3,190
1,817
109
-790
-185
-605
-248
-84
1,391
1,425
-34
1,671
1,659
12
Western Europe, including United Kingdom:
4
5
6
Total increase
.---._Through known transactions with the United States
Through other transactions
964
710
1,138
-492
1,630
1,891
-3
-86
83
-753
-473
8
-27
35
-16
-29
13
22
-25
47
-18
-29
11
-369
-470
-181
-427
976
85
61
1,830
United Kingdom:
7
8
9
Total increase
Through known transactions with the United States -.
Through other transactions
2,841
241
3,612
837
5 137
2,600
3,236
311
406
-95
9
-55
64
-12
-3
-9
5
-1
6
8
-23
31
1,095
1,956
-861
270
266
4
980
121
8
113
376
225
-45
-708
Eastern Europe:
10
11
12
Total increase
Through known transactions with the United States
Through other transactions
Canada:
13
14
15
Total increase
Through known transactions with the United States
Through other transactions
403
703
27
444
311
557
487
689
-417
-246
-202
101
246
-300
182
-89
271
556
-140
358
321
37
262
79
183
-972
188
120
68
-666
Latin American Republics and other Western Hemisphere:
16
17
18
Total increase
Through known transactions with the United States
Through other transactions
-285
1 265
121
-62
183
696
-918
54
Japan:
19
20
21
578
Total increase
Through known transactions with the United States
Through other transactions
.. ..
2,301
-1, 723
229
194
35
-105
177
651
-936
—474
205
-104
-195
-244
831
277
626
-349
96
762
185
463
-278
Australia, New Zealand, and South Africa:
22
23
24
-93
Total increase
Through known transactions with the United States
Through other transactions
.
-785
-188
692
393
299
91
-87
-157
50
-318
368
-62
-111
49
-13
-137
124
-24
-251
227
Other countries in Asia and Africa:
25
26
27
Total increase
Through known transactions with the United States
Through other transactions
—152
-163
2,447
-2, 148
-850
-1, 103
-349
425
271
154
-1, 129
-135
-204
-248
-542
-348
-242
-553
698
940
189
538
410
581
-171
-134
873
-150
151
-1,007
-301
201
54
147
302
273
29
International organizations and unallocated:
28
29
30
Total increase
Through known transactions with the United States 2
Through other transactions
.
87
-
' Revised.
J> Preliminary.
1. Total increase represents changes in reported gold reserves and in SDR holdings (excluding allocations) of foreign central banks and governments (including international organizations but excluding the countries of the Soviet bloc) net of convertible currencies included
in U.S. official reserve assets (table 1, line 49), plus changes in foreign liquid claims on the
United States (table 1, lines 59 and 60), plus net changes in IMF positions of foreign countries
through U.S. dollar transactions (table 1, line 50). (Allocations of SDR received by foreign
countries on January 1, 1970—not included in these data—were as follows (in millions of
dollars): total, 2,547; United Kingdom, 410; Other Western Europe, 894; Eastern Europe, 0;
Canada, 124; Latin America, 330; Japan, 122; Australia, New Zealand, and South Africa, 144;
Other countries, 523).
Changes through known transactions with the United States represents for each of the separate
areas shown the total (with sign reversed) of lines 31, 32, 41 and 52 through 58 in table 8.
For "All areas" line 63 is also included.
-1,216
-63
-72
144
-6
11
173
-3
176
Changes through other transactions equals "Total increase" less "Changes through known
transactions with the United States". For "All areas" this difference represents known
acquisitions (+) or sales (—) of gold by foreign central banks and governments outside the
United States. The net acquisitions of gold equal the excess of new gold production abroad
plus sales by the Soviet bloc less net gold purchases by others. For each of the separate areas
shown the difference reflects net reciepts (-J-) or payments (—) of gold, SDR, and dollars
resulting from their transactions with countries other than the United States, net changes in
their convertible currencies included in U.S. official reserve assets resulting from U.S. transactions with other areas, and from unrecorded transactions with the United States.
2. Includes transactions with shipping companies operating under the flag of Honduras,
Liberia, and Panama.
NOTE.—Details may not add to totals because of rounding.
Source: U.S. Department of Commerce, Office of Business Economics.
December 1970
SUEVEY OF CUEEENT BUSINESS
43
New Passenger Cars—Retail Sales and Inventories, 1958-69: Historical Data for Page S-40
Retail sales
Retail
inventories,
end of period
Domestics and imports 1
Domestics 1
Not seasonally
adjusted
Year
Total
Domes- Im- Total Domes- Imtics
tics
ports
ports
Thousands of units
1958:
January
February
March
April
May
June
Seasonally adjusted
at annual rates
Millions of units
Not
seas,
adj.
Seasonally
adj.
Inventorysales
ratio,
domestics i
807
783
744
690
640
602
2.0
2.2
2.2
2.1
1.9
1.8
348
325
256
292
370
490
4,289
4.5
43
3.2
4.5
5.8
660
522
408
370
494
580
582
639
583
532
622
635
1.5
1.8
1.6
2.0
1.7
1.3
428
405
490
503
530
580
5.3
5.4
5.5
5.5
5.6
5.9
685
750
826
896
900
869
666
651
707
782
789
774
1.5
1.4
1.6
1.7
1.7
1.6
452
485
350
527
374
362
5,486
5.9
6.5
5.8
5.7
4.5
4.3
964
724
611
574
442
573
885
850
785
735
570
627
1.8
1.6
1.6
1.6
1.5
1.8
1960:
January
February
March
- - April
. ..
May
June
455
483
576
579
566
594
5.9
6.3
6.2
6.2
6.0
6.1
792
953
1,020
1,015
1,049
1,058
763
849
903
907
943
958
1.5
1.6
1.8
1.7
1.9
1.9
July
August.
September
October
..
November - .
December
Annual
428
479
423
540
531
488
6,142
5.7
6.3
7o
5.9
6.1
5.8
1,062
887
864
920
971
997
976
1,028
1,034
1,081
1,100
1,051
2.0
2.0
1.8
2.2
2.2
2.2
370
360
482
460
540
539
4.9
5.2
5.1
5.5
5.7
4.9
1,027
1,021
935
912
902
913
988
912
820
809
802
802
2.4
2.2
1.9
1.9
1.7
1.7
420
410
351
535
585
504
5,556
5.6
5.5
5.8
5.7
6.6
6.2
884
661
660
660
707
820
788
821
829
824
842
876
1.7
1.8
1.7
1.7
1.5
1.7
486
457
616
621
657
609
6.3
6.3
6.6
6.8
6.7
6.5
943
1,005
978
953
948
894
896
896
863
849
849
768
1.7
1.7
1.6
1.5
1.5
1.4
512
492
356
729
657
561
6,753
6.7
6.8
6.1
7.3
960
654
761
732
748
826
847
832
930
905
894
887
1.5
1.5
1.8
1.5
1.5
1.5
544
527
650
704
715
636
7.2
7.3
7.2
959
1,017
1,003
972
952
992
910
910
884
861
847
848
1.5
1.5
1.5
1.4
1.4
1.4
606
502
392
771
664
624
7,334
7.6
7.0
1,036
680
778
782
846
951
908
875
956
969
1,003
1,019
1.4
1.5
1.7
1.5
1.6
1.6
July
August
September
October
November
December
Annual
1961:
January
February
March
April
May
June
..
..
July...
August.
September...
October
November ._
December
Annual
.
.
.
.
1962:
January
February
March
April
May
June
July
August
September
October..
November
December
Annual
1963:
January
February
March
April
May
June
July...
August
September
October
November
December _
Annual
.
7.3
7.0
74
7.4
7.2
6.7
76
74
7.8
Not seasonally
adjusted
Digitized 1.
forDomestics
FRASERinclude U.S.-type cars produced in the United States and Canada; imports
cover foreign-type cars only and exclude domestics produced in Canada.
1964:
January
February
March
April
May
June
Domestics 1
Seasonally adjusted
at annual rates
Domes- Imtics
ports
Thousands of units
820
880
864
808
754
695
1959:
January
February
March
April
May
June
Year
Thous. units
4.7
4.3
41
4.0
4.0
4.1
4.3
Domestics and imports 1
Total
381
320
365
364
394
385
July
August
September
October
November . . .
December
Annual
Retail
inventories,
end of period
Retail sales
Total Domes- Imports
tics
Not
seas,
adj.
Seasonally
adj.
Inventorysales
ratio,
domestics i
Thous. units
Millions of units
573
592
679
753
743
676
7.6
7.8
75
8.0
8.1
7.3
1,110
1,174
1,204
1,224
1,193
1,266
1,062
1,070
1,077
1,100
1,072
1,104
1.7
1.6
1.7
1.7
M
1.8
603
571
568
566
570
724
7,617
7.5
8.2
87
5.8
6.6
8.8
1,252
866
834
670
765
888
1,115
1,074
1,022
876
934
962
1.8
1.6
1.4
1.8
1.7
1.3
1965:
January . . .
February
March
April
May
June
695
684
817
800
773
807
9.6
93
8.7
8.6
8.5
8.7
999
1,068
1,194
1,243
1,293
1,373
952
962
1,058
1,106
1,153
1,195
1.2
1.2
1.5
1.6
1.6
1.6
July
..
August . ...
September ...
October
November
December
Annual
712
610
499
842
801
722
8,763
8.8
8.8
8.4
8.5
8.7
8.8
1,388
1,090
1,063
1,053
1,140
1,256
1,254
1,310
1,269
1,272
1,314
1,334
1.7
1.8
1.8
1.8
1.8
1.8
July
August .
September
October
November
December
Annual
1966:
January
February
March
April
May
June
732
714
912
819
745
808
684
668
854
765
692
751
48
46
58
53
52
58
10.1
9.7
9.8
9.0
8.3
8.6
9.5
9.1
9.1
8.3
7.7
8.0
.6
.6
.6
.6
.6
.6
1,394
1,497
1,550
1,576
1,672
1,727
1,343
1,389
1,406
1,430
1,515
1,540
1.7
1.8
1.8
2.1
2.4
2.3
688
July
- August .
667
September
564
October
854
November
798
December
726
Annual
9,028
635
608
501
794
746
678
8,377
52
60
63
61
52
48
651
8.7
9.1
8.8
8.8
8.9
9.0
8.1
8.4
8.1
8.1
8.2
8.3
.6
.7
.7
.7
.7
.7
1,559
1,085
1,214
1,237
1,308
1,379
1,438
1,316
1,434
1,466
1,480
1,457
2.1
1.9
2.1
2.2
2.2
2.1
612
558
735
773
814
854
564
509
670
710
745
780
48
49
65
63
69
74
8.5
7.5
7.9
8.9
8.8
9.0
7.8
6.9
7.2
8.2
8.0
8.2
.6
.7
.7
.7
.8
.8
1,478
1,486
1,490
1,428
1,425
1,407
1,419
1,371
1,341
1,277
1,257
1,215
2.2
2.4
2.2
1.9
1.9
1.8
696
593
614
734
683
672
8,337
627
517
547
665
618
615
7,568
68
76
67
69
65
57
769
8.7
8.1
8.5
7.9
7.6
8.7
7.9
7.3
7.8
7.1
6.8
7.8
.8
.8
.8
.8
.8
.9
1,183
923
958
937
1,001
1,173
1,118
1,163
1,189
1,167
1,163
1,251
1.7
1.9
1.8
2.0
2.1
1.9
702
700
851
815
900
872
630
624
767
729
811
781
72
76
84
86
89
91
9.5
9.0
9.7
9.1
9.7
9.4
8.5
8.0
8.7
8.1
8.7
8.4
.9
1.0
1.0
1.0
1.0
1.0
1,349
1,435
1,456
1,517
1,633
1,681
1,280
1,314
1,302
1,365
1,461
1,491
1.8
2.0
1.8
2.0
2.0
2.1
829
728
663
980
864
750
9,656
737
635
563
885
785
679
8,625
92
94
100
96
79
72
1,031
10.0
10.0
9.8
10.0
9.7
9.7
9.0
9.0
8.7
8.9
8.6
8.6
1.0
1.0
1.1
1.1
1.1
1.1
1,565
1,129
1,244
1,301
1,401
1,449
1,534
1,378
1,478
1,531
1,555
1,525
2.0
1.8
2.0
2.1
2.2
2.1
729
725
809
855
900
898
645
662
722
754
795
798
84
63
87
101
106
100
9.9
9.7
9.3
9.6
9.7
9.5
8.8
8.8
8.3
8.5
8.5
8.5
1.1
.9
1.0
1.2
1.2
1.1
1,671
1,728
1,776
1,745
1,682
1,701
1,593
1,603
1,623
1,594
1,508
1,510
2.2
2.2
2.3
2.3
2.1
2.1
762
654
807
924
797
721
9,582
662
555
709
817
706
639
8,464
100
99
98
107
91
83
1,118
9.2
9.6
10.0
9.8
9.3
9.0
8.0
8.4
9.0
8.6
8.1
7.8
1.1
1.2
1.1
1.2
1.2
1.2
1,484
1,304
1,367
1,440
1,452
1,467
1,473
1,556
1,601
1,668
1,603
1,542
2.2
2.2
2.1
2.3
2.4
2.4
1967:
January .
February
March
- April
May
June
- July
August
September
October
November
December
Annual
1968:
January
February
JMarch
April
May
June
July
August
September
October
November
December
Annual
1969:
January
February
March
April
May
June
July
August
September
October
November
December
Annual
Sources: Data for domestics are from the Automobile Manufacturers Association; data for
imports are compiled from industry sources. The series are seasonally adjusted by the Office
of Business Economics.
SURVEY OF CURRENT BUSINESS
44
December 1970
Gross national product: Percent change from preceding
quarter
National Income and Product Accounts:
Supplementary Historical Statistics
Gross national product
Historical data are presented here for the following statistical
series: percent change from the preceding period in (1) GNP in
current prices, (2) GNP in constant prices, (3) GNP implicit
price deflator, (4) gross private product in current prices, (5)
gross private product in constant prices, and (6) gross private
product implicit price deflator; (7) the implicit price deflator for
final sales of goods and services; and (8) the personal saving rate.
Annual data are presented beginning with 1929 and quarterly
data, seasonally adjusted, beginning with 1947. The quarter-toquarter percentage changes are expressed at compound annual
rates.
Regular publication of the saving rate in the national income
and product account tables began in the July 1968 SURVEY for
annual data and the February 1969 SURVEY for quarterly data.
Regular publication of the other series began in the July 1970
SURVEY.
Gross national product: Percent change from preceding year
Gross private product 1
Gross national product
Year
Current Constant Implicit
price
prices
prices
deflator
Current Constant Implicit
price
prices
prices
deflator
Percent change
Final
sales 2
implicit
price
deflator
Current
prices
Personal
saving
rates
Index
numbers
1958=100 Percent
n.a.
-9.9
n.a.
-2.7
n.a.
-13.1
n.a.
-10.9
n.a.
-2.5
50.7
49.3
5.0
4.6
1931...
1932...
1933...
1934...
1935...
-16.1
-23.4
-4.2
17.0
11.1
-7.7
-14.8
-1.9
9.0
9.9
-9.1
-10.1
-2.4
7.3
1.1
-17.1
-24.7
-5.0
16.8
11.5
-8.4
-15.9
-2.7
8.4
10.2
-9.5
-10.4
-2.4
7.8
1.2
44.8
40.2
39.2
41.9
42.6
4.1
-1.3
-2.0
.7
3.7
1936. ..
1937...
1938...
1939. .1940. . .
14.2
9.7
-6.4
6.9
10.2
13.9
5.3
-5.1
8.5
8.5
.3
4.1
-1.4
-1.5
1.5
13.4
11.1
-7.8
7.6
10.9
13.6
6.5
-6.4
9.4
9.0
-.1
4.3
-1.5
-1.6
1.7
42.8
44.4
43.8
43.3
43.9
5.4
5.3
1.1
3.7
5.1
16.1
12.9
13.2
7.2
-1.7
7.7
12.3
7.2
2.3
2.6
25.3
24.0
16.3
7.2
-.6
15.0
8.8
6.1
5.2
-1.5
8.9
14.1
9.6
1.9
.9
47.3
53.2
57.0
58.1
59.5
11.8
23.6
25.0
25.5
19.7
1946. . .
1947. _ .
1948...
1949. ..
1950...
-1.6
10.9
11.3
-.4
11.0
-12.0
-.9
4.4
.2
9.6
11.8
11.9
6.6
-.6
1.3
6.2
14.3
11.9
-1.3
11.3
-2.6
2.3
4.8
-.3
10.2
9.0
11.8
6.7
-1.0
1.0
66.8
74.7
79.2
79.1
80.1
9.5
4.3
7.1
5.0
6.3
1951...
1952...
1953...
1954...
1955...
15.3
5.2
5.5
.1
9.1
7.9
3.0
4.5
-1.4
7.6
6.8
2.1
1.0
1.5
1.4
14.1
4.4
5.8
-.1
9.5
6.3
2.5
5.0
-1,3
8.5
7.3
1.9
.7
1.2
.9
85.4
87.4
88.4
89.6
90.8
7.6
7.6
7.2
6.4
5.7
1956...
1957...
1958 ..
1959...
1960...
5.3
5.2
1.4
8.2
4.1
1.8
1.5
-1.1
6.4
2.5
3.4
3.7
2.5
1.7
1.6
5.2
5.1
.8
8.5
3.8
1.9
1.4
-1.3
7.0
2.4
3.2
3.6
2.1
1.4
1.3
94.0
97.5
100.0
101.7
103.3
7.0
6.7
7.0
5.6
4.9
1961...
1962...
1963...
1964 ...
1965 ...
3.2
7.7
5.4
7.1
8.3
1.9
6.6
4.0
5.4
6.3
1.3
1.1
1.3
1.6
1.8
2.8
7.8
5.3
7.0
8.4
1.9
6.7
4.2
5.7
6.6
.9
1.0
1.0
1.2
1.7
104.6
105.8
107.2
108.9
110.9
5.8
5.6
4.9
6.0
6.0
1966...
1967...
1968...
1969...
9.5
5.9
9.0
7.7
6.5
2.6
4.8
2.8
2.8
3.2
4.0
4.7
9.1
5.3
8.6
7.5
6.4
2.3
4.9
2.9
2.5
2.9
3.6
4.5
114.1
117.7
122.4
128.2
6.4
7.4
6.8
6.0
N.a. Not available.
1. Gross private product is GNP less general government
vernment iemployee compensation.
2. Final sales is GNP less change in business inventories.
3. The personal saving rate is personal saving as a percentage of disposable personal income.
Current
prices
Constant
prices
Personal
saving
rates
Implicit
price
Index
deflator numbers,
1958=100
Percent
Seasonally adjusted
n.a.
-12.4
24.9
26.8
21.3
9.7
.9
Implicit
price
deflator
Percent change from preceding quarter, at annual rates
1929. . .
1930. _ .
1941...
1942...
1943...
1944...
1945...
Constant
prices
Gross private product
Final
sales 2
implicit
price
deflator
1947:1
II
Ill
IV
1948:1
II
III
IV
1949:1
II
III
IV
1950:1
II
Ill
IV
1951:1
II
Ill
IV
1952:1
II
Ill
IV
1953:1
II
Ill
IV
1954:1
II
III
IV
1955:1
II
III
IV
1956:1
II
III
IV
1957:1
II
III
IV
1958:1
II
Ill
IV
1959:1
8.2
7.4
7.6
18.9
10.2
12.7
11.2
2.3
n.a.
3.4
.8
6.5
3.4
7.5
3.7
3.6
-8.0
-5.0
-5.0
-2.4
-3.2
18.5
14.9
28.2
16.5
18.9
10.2
-3.3
21.6
11.0
17.6
3.0
8.9
5.0
3.1
-.4
7.9
4.5
8.2
5.2
7.3
7.7
.0
2.8
-1.9
4.5
14.7
12.1
-1.9
-5.3
— 2
-'.3
-2.6
-4.6
-5.6
7.4
3.8
4.9
9.9
14.4
6.8
4.2
-.8
5.2
8.5
12.4
7.2
6.3
3.9
8.7
8.5
6.4
1.8
5.6
4.4
8.7
7.0
2.8
6.0
-1.0
3.4
1.8
-2.4
1.8
5.4
2.7
-.1
1.8
-4.2
-6.0
-6.0
-9.2
12.4
12.0
10.6
10.0
II
III. ...
IV. ...
11.3
-2.3
10.0
-4.0
II. ...
1.4
-.4
-.7
.2
9.3
7.4
1960:1
Ill
IV
1961:1
II
Ill
IV
1962:1
II
Ill
IV
1963:1
II
III
IV
1964:1
II
III
IV
1965:1
II
III
IV
1966:1
II
Ill
IV
1967:1
II
III
IV
1968:1
II
Ill
IV
1969:1
II....
III
IV
8.5
5.4
10.6
10.7
7.7
7.0
5.2
5.5
3.8
4.8
7.4
7.7
8.1
6.8
7.1
3.9
11.4
8.0
9.4
11.4
11.5
7.8
7.0
8.0
1.9
5.3
8.6
7.7
9.6
11.6
8.5
7.4
7.4
7.3
8.4
3.9
6.2
4.6
8.4
-.4
-1.9
-2.9
-.9
8.7
7.3
8.4
6.2
6.5
4.3
3.7
2.2
3.6
6.6
5.4
6.6
5.3
5.1
1.9
9.2
5.9
8.2
9.4
8.1
3.7
3.2
4.9
-.9
3.0
4.4
2.8
5.9
7.1
4.2
2.8
2.6
2.2
2.7
-.9
n.a.
3.9
6.8
11.7
6.6
4.9
7.3
-1.3
-3.2
-2.6
-1.5
.1
-2.6
3.5
9.2
7.7
13.0
2.6
1.1
5.0
.2
1.5
3.2
2.4
.5
-.4
.7
-.7
5.8
.5
-.2
1.3
1.8
1.5
2.1
2.4
4.3
3.7
5.4
3.2
4.2
2.9
4.2
1.9
3.4
1.6
1.7
1.9
2.1
1.2
1.8
.8
2.0
1.7
1.5
2.3
1. 1
.6
.1
2.1
1.4
.5
.9
1.8
1.5
1.2
.8
2.1
1.5
1.4
2.0
2.0
2.0
2.0
1.1
1.8
3.1
4.0
3.6
3.0
2.8
2.3
4.0
4.7
3.5
4.3
4.2
4.5
4.7
5.0
5.6
4.9
10.4
9.1
10.8
19.7
10.3
13.0
10.5
1. 1
-9.4
-5.6
2.6
n.a.
5.1
1.7
8.1
3.6
7.3
2.9
3.3
-6.1
-3.0
5.3
-4.1
20.5
15.9
28.6
14.7
17.0
-3.2
25.0
11.2
16.6
-1.4
-2.1
16.2
13.6
-1.9
-5.7
-2.9
-4.6
-5.8
8.5
7.3
4.7
1.8
7.9
8.0
3.8
-.3
-.8
4.9
10.6
15.5
8.4
8.9
6.6
1.3
5.2
3.9
9.0
7.1
2.4
5.8
5.8
2.3
5.9
7.3
-.5
1.5
4.6
7.8
5.0
-.8
5.6
9.6
14.0
8.2
6.7
4.2
-2.7
1.8
-1.4
5.8
2.8
-.4
1.7
-4.7
-7.5
-6.1
-10.0
12.6
12.8
11.3
11.0
12.0
-2.8
11.0
-4.5
2.8
9.1
5.5
10.6
.7
-1.4
-1.3
-.4
9.7
7.4
10.6
7.5
7.3
5.5
5.4
3.4
4.7
7.7
7.2
8.0
6.8
6.9
3.6
12.3
8.2
9.2
11.0
11.2
7.3
6.0
7.9
.9
5.0
8.4
6.8
9.6
11.6
7.8
7.7
7.7
7.2
7.1
3.6
1.6
6.9
4.9
8.8
-1.0
-2.1
-3.3
-1.2
9.3
7.5
8.5
6.2
6.8
4.6
4.1
2.2
3.6
6.8
5.9
6.9
5.5
5.3
1.8
10.0
6.1
8.4
9.5
8.1
3.3
2.7
4.6
-1.3
3.0
4.3
2.9
6.1
7.3
4.2
3.1
2.8
2.1
2.6
-1.0
U.S. GOVERNMENT PRINTING OFFICE : 1970 O - 410-758
n.a.
3.8
8.9
10.8
6.5
5.3
7.4
-2.2
-3.5
-2.7
-2.6
-1.0
-3.7
4.3
10.3
8.4
14.3
2.5
.0
5.2
.4
.7
3.2
2.3
.2
-1.1
1.0
-1.2
5.9
.0
-.7
.9
1.4
.3
2.1
2.3
4.2
3.3
5.3
3.1
4.2
2.7
4.0
1.5
2.8
1.1
1.1
1.7
2.0
.9
1.7
.6
1.7
1.7
.7
2.0
.8
.3
-.1
2.0
1.3
.5
.8
1.2
1.1
1.1
.8
1.2
1.0
1.3
1.5
1.8
2.1
1.9
.7
1.3
2.9
3.9
3.2
3.2
2.2
2.0
3.9
3.8
3.3
4.0
3.4
4.4
4.8
4.9
4.4
4.6
72.8
73.8
75.2
77.1
78.0
78.7
80.1
80.1
79.5
79.2
78.8
78.9
78.4
79.0
80.8
82.1
84.5
85.0
85.5
86.6
86.7
87.1
87.6
88.2
88.4
88.3
88.5
88.4
89.5
89.5
89.5
89.7
90.2
90.6
91.0
91.6
92.5
93.4
94.6
95.3
96.3
97.0
98.0
98.5
99.3
99.8
100.2
100.7
101.1
101.4
101.9
102.1
102.6
103.0
103.4
104.0
104.3
104.5
104.6
105.1
105.5
105.6
105.9
106.3
106.7
107.0
107.3
107.9
108.2
108.6
109.1
109.7
110.2
110.8
111.1
111.6
112.5
113.7
114.6
115.6
116.3
116.9
118.1
119.5
120.4
121.8
123.0
124.4
125.7
127.3
129.2
130.6
6.2
2.7
4.7
3.8
5.0
6.8
8.5
7.9
6.0
4.8
5.0
4.3
8.8
6.4
3.2
6.8
4.7
8.9
8.5
8.2
7.8
7.1
8.5
6.9
6.8
7.5
7.3
7.6
7.3
6.2
5.9
6.1
5.1
5.5
6.0
6.1
6.5
7.0
7.2
7.3
6.7
7.1
6.9
6.4
6.8
6.6
7.2
7.4
6.2
6.3
4.7
5.4
5.2
4.7
5.2
4.6
5.2
5.6
6.0
6.2
5.9
6.2
5.4
4.8
4.9
4.8
4.6
5.4
5.2
6.4
5.8
6.6
5.4
5.4
6.7
6.5
5.9
6.2
6.1
7.2
7.4
7.0
7.5
7.7
7.1
7.6
6.1
6.5
5.6
5.3
6.5
6.3
CURRENT BUSINESS STATISTICS
A HE STATISTICS here update series published in the 1969 edition of BUSINESS STATISTICS biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $3.00) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1965 through 1968 (1958-68 for major quarterly series), annually, 1939-68; for selected series,
monthly or quarterly, 1947-68 (where available). Series added or significantly revised after the 1969 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1968 issued too late for inclusion in the 1969 volume appear in the monthly
SURVEY beginning with the September 1969 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
The sources of the data are given in the 1969 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 189-90.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely.
Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights.
1967
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS
1968
1967
1969
III
Annual total
i | n
1970
1969
1968 '
| IV
III
| IV
i
| ir
III
| IV
I
II
| III
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
bil $
793.9
865.0
931.4
800.9
815.9
834.9
858.1
875.8
891.4
907.6
923.7
942.6
951.7
959.5
971.1
985.5
do
492.1
535.8
577.5
495.5
502.5
519.7
529.1
543.8
550.8
561.8
573.3
582.1
592.6
603.1
614.4
622.1
73.1
30.5
31.4
84.0
37.2
34.6
90.0
40.3
36.7
73.7
31.2
31.3
75.3
31.1
32.5
79.9
34.9
33.7
82.6
36.0
34.1
86.7
39.1
35.4
86.9
38.8
35.2
89.1
39.8
35.8
90.6
40.0
37.2
89.5
40.2
36.7
90.8
41.1
36.9
89.1
37.7
38.3
91.9
39.4
38.9
91.2
39.2
38.1
do
do
- - - --do
do
215.0
42.3
108.5
17.6
230.2
46.1
115.1
19.0
245.8
49.9
121.7
21.1
215.5
42.7
108.4
17.7
217.1
42.5
109.5
18.1
225.6
44.8
112.7
18.8
227.6
45.2
114.7
18.6
232.6
47.1
116.1
19.2
234.8
47.2
117.0
19.3
239.2
47.9
119.1
20.3
244.0
50.0
120.8
20.8
248.1
50.7
122.4
21.5
252.0
50.9
124.6
21.7
258.8
51.3
128.8
22.4
262.6
51.8
131.2
22.7
265.8
52.3
132.3
23.0
do
_do
do
do
204.0
29.1
71.8
14.5
221.6
31.2
77.4
15.6
241.6
33.9
84.0
16.7
206.3
29.2
72.3
14.6
210.1
30.1
73.7
14.6
214.2
30.4
75.2
15.2
218.9
30.8
76.6
15.3
224.5
31.5
77.9
15.6
229.0
32.1
79.8
16.1
233.5
32.7
81.4
16.2
238.7
33.3
83.0
16.5
244.5
34.5
84.7
16.8
249.8
34.8
87.0
17.1
255.2
35.2
89.0
17.7
259.9
35.9
90.8
17.9
265.1
36.9
92.6
18.2
do
116.6
126.5
139.8
118.6
123.0
119.8
127.3
126.5
132.6
136.0
139.3
143.8
140.2
133.2
134.3
138.3
Fixed investment
do
Nonresident ial
-do
Structures
do
Producers' durable equipment
do
Residential structures
- do
Nonfarm
do
Change in business inventories
- -do
Nonfarm
do
108.4
83.3
28.0
55.3
25.1
24.5
8.2
7.5
118.9
88.7
29.6
59.1
30.3
29.7
7.6
7.5
131.4
99.3
33.8
65.5
32.0
31.5
8.5
8.0
109.9
83.3
27.9
55.4
26.6
26.0
8.7
7.8
113.0
84.1
28.0
56.2
28.8
28.3
10.0
8.5
117.2
88.3
29.8
58.5
28.8
28.3
2.6
2.5
117.0
86.4
28.9
57.5
30.6
30.1
10.4
10.3
118.3
88.3
29.4
59.0
29.9
29.4
8.2
8.1
123.3
91.6
30.3
61.3
31.7
31.1
9.3
9.3
128.7
95.7
32.6
63.1
33.0
32.4
7.4
7.3
131.4
97.5
32.3
65.2
33.9
33.3
7.9
7.6
132.4
101.5
35.2
66.3
31.0
30.4
11.3
10.8
133.0
102.6
35.1
67.5
30.4
29.8
7.2
6.5
131.6
102.6
35.7
66.9
29.1
28.4
1.6
.9
131.2
102.8
35.3
67.5
28.4
27.8
3.1
2.6
132.7
103.6
35.0
68.6
29.2
28.6
5.5
5.0
5.2
46.2
41.0
2.5
50.6
48.1
1.9
55.5
53.6
5.6
46.3
40.7
4.0
46.8
42.8
1.8
47.7
45.9
3.4
50.7
47.3
3.4
53.2
49.8
1.4
50.9
49.5
1.3
47.8
46.5
1.3
57.2
55.9
2.6
58.3
55.6
2.6
58.8
56.2
3.5
61.1
57.6
4.1
62.8
58.7
4.2
62.8
58.6
Govt. purchases of goods and services, total, .do
Federal
do
National defense
- --do_ _ _
State and local
do
180.1
90.7
72.4
89.4
200.2
99.5
78.0
100.7
212.2
101.3
78.8
110.8
181.3
91.4
73.0
89.9
186.5
93.6
74.7
92.9
193.6
96.4
76.3
97.2
198.3
98.9
77.8
99.4
202.1
100.7
78.6
101.4
206.7
101.9
79.2
104.7
208.5
100.9
78.6
107.5
209.9
99.8
77.9
110.1
214.1
102.5
79.8
111.6
216.3
102.1
78.8
114.2
219.6
102.3
79.3
117.4
218.4
99.7
76.8
118.7
221.0
98.6
75.8
122.4
By major type of product: f
Final sales total
Goods total
Durable goods
Nondurable goods
Services
Structures
._
785.7
390.7
156.5
234.2
316.5
78.6
857.4
422.9
170.4
252.5
347.1
87.4
922.9
451.6
183.9
267.7
377.6
93.8
792.2
393.1
157.6
235.5
319.7
79.4
805.9
395.0
158.5
236. 5
328.4
82.5
832.3
411.6
165.2
246.4
334.7
86.0
847.8
417.8
168.0
249.8
343.1
86.8
867.6
429.0
173.1
255.9
352.2
86.3
882.1
433.3
175.3
258.0
358.4
90.5
900.2
440.9
180.5
260.4
364.8
94.5
915.9
448.8
182.7
266.1
372.3
94.8
931.2
454.9
184.8
270.1
383.0
93.3
944.5
461.7
187.4
274.3
390.3
92.5
957.9
465.5
185.5
280.0
400.1
92.3
968.1
471.8
188.5
283.3
405.8
90.4
980.0
474.2
188.3
286.0
413.2
92.6
__ do - _
do
do
8.2
4.7
3.5
7.6
5.7
2.0
8.5
6.4
2.1
8.7
5.6
3.1
10.0
6.1
3.9
2.6
2.5
.1
10.4
7.1
3.2
8.2
5.8
2.4
9.3
7.2
2.1
7.4
5.6
1.8
7.9
6.7
1.2
11.3
7.9
3.5
7.2
5.3
1.9
1.6
-.3
1.9
3.1
-1.9
5.0
5.5
5.2
.3
-bil. $__
675.2
707.2
727.1
678.9
683.6
693.5
705.4
712.6
717.5
722.1
726.1
730.9
729.2
723.8
724.9
727." 4
434.3
445.0
448.4
457.7
458.1
463.3
467.1
468.7
471.7
474.0
478.1
479.6
84.1
201.9
182.7
84.9
202.4
184.4
82.7
205.6
185.8
84.9
206.6
186.6
83.6
208.2
187.8
Gross national product total f
Personal consumption expenditures, total
Durable goods tota!9
do. __
Automobiles and parts
do
Furniture and household equipment _ _ do
Nondurable goods, total?
Clothing and shoes
Food and beverages
Gasoline and oil
--
Services total 9
Household operation
Housing
Transportation
Gross private domestic investment, total
Net exports of goods and services
Exports
- Imports
_._do
do
do
-
-
~- do
do
do
do
do
do
_ _ _
_-_
Change in business inventories
Durable goods
._
Nondurable goods
_ _
GNP in constant (1958) dollars
Gross national product, totalf
do
430.1
452.3
467. 7
431.6
- - do_
._ _ _ _
do
do
72.9
190.2
167.0
81.4
196.5
174.4
84.9
201.2
181.6
73.3
190.0
168.3
74.0
190.3
169.9
78.1
195.5
171.3
80.2
194.9
173.2
83.9
197.9
175.9
83.2
197.6
177.4
84.9
199.7
178.7
85.7
200.9
180.5
101.2
105.7
111.3
102.4
105.1
101.3
107.1
105.1
109.5
109.7
111.5
114.1
110.0
102.9
103.1
104.1
103.9
82.1
21.8
6.1
101.5
80.9
20.7
1.3
100.1
80.2
20.0
2.9
99.6
79.6
20.0
4.6
.9
1.9
2.4
3.1
Personal consumption expenditures, total
Durable goods
Nondurable goods
Services
GI.OSS private domestic investment, total
Fixed investment
Nonresidential
_
Residential structures
Change in business inventories
Net exports of goods and services
- .
.
do
__do
do
do
- -do_ _
93.5
73.2
20.4
7.7
98.8
75.5
23.3
6.9
104.1
80.8
23.3
7.2
94.2
72.9
21.3
8.3
95.9
72.9
23.0
9.2
do
3.6
.9
.2
4.2
2.1
142.2
140.2
147.8
148.3
140.7
Govt. purchases of goods and services, total, .do
75.4
75.5
75.7
74.7
78.7
Federal
.. do
66.7
72.165.3
69.6
65.5
State and local
do
r
Revised.
* Preliminary.
fRevised series. Estimates of national income and
product and personal income have been revised back to 1967 (see p. 17 fl. of the July 1970
98.9
76.1
22.9
2.4
97.6
73.8
23.8
9.5
97.7
74.9
22.8
7.4
101.0
77.1
23.9
8.5
103.6
79.3
24.3
6.1
104.8
80.2
24.7
6.6
104.2
81.9
22.3
9.9
.8
1.5
1.5
-.2
-.4
-.3
.8
140.6
145.0
141.3
147.3
146.6
147.9
146.4
150.0
148.5
148.3
149.5
66.2
67.8
71.1
75.2
73.8
79.4
78.0
75.8
78.9
77.5
79.1
74.4
73.5
73.8
72.9
72.1
72.1
69.4
69.4
70.6
68.9
71.5
SURVEY); revisions prior to May 1969 for personal income appear on p. 26 ff. of the July 1970
SURVEY.
9 Includes data not shown separately.
s-l
410-758 O - 70 - SI
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS
1967
1968
1968
1969
Annual total
I
1970
1969
III
II
December 1970
IV
I
II
IV
III
I
II
1971
III
IV
I
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
i
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Hates
National income totalf
bil. $
653.6
712.7
769.5
687.2
706.1
722. 2
735.2
749.3
764.0
779.5
785.2
791.5
797.4
806.6
Compensation of employees, total . . _ d o _ _
467.2
514.1
564.2
495.3
507.6
520.9
532.5
544.9
557.5
572.2
582.1
592.2
596.4
603.8
Wages and salaries, total
Private
Military
Government civilian
Supplements to wages and salaries
Proprietors' income, total 9
Business and professional 9
Farm
Rental income of persons
423.1
337.3
16.2
69.5
44.2
62.1
47.3
14.8
21.1
464.8
369.1
17.9
77.8
49.3
64.1
49.1
15.0
21.3
509.0
404.9
19.0
85.1
55.1
66.8
50.5
16.4
22.0
447.9
356.0
17.3
74. 7
47.4
62.9
48.5
14.4
21.3
458.9
364. 7
17.6
76.6
48.7
63.8
49.2
14.6
21.3
471.0
373.4
18.6
79.0
49.9
64.4
49.2
15.3
21.3
481. 4
382.5
18.2
80.7
51.1
65.2
49.4
15.8
21.3
491.6
391.5
18.1
81.9
53.3
66.0
49.9
16.2
21.6
502. 9
401.2
18.4
83.4
54.6
66.7
50.5
16.2
22.0
516.4
409.9
19.9
86.6
55.8
67.5
50.9
16.6
22 1
525.3
417.2
19.6
88.5
56.8
67.2
50.6
16.6
2^ 3
534.4
422.6
«20.1
«91. 7
57.9
67.6
50.6
17.0
22.5
537.4
424.0
19.5
93.9
59.0
67.8
51.2
16.5
22.6
543.4
428.9
19.1
95.4
60.4
67.8
51.7
16.1
22. 7
78.7
85.4
85.8
81.3
86.0
87.4
87.1
87.1
87.4
86.8
82.0
76.7
77.5
- 78.4
10.0
68.7
38.7
18.0
20.7
11.0
74.4
42.4
19.1
23.3
12.0
73.8
41.8
19.3
22.4
10.6
70.6
40.1
18.6
21.5
10.8
75.2
42.8
18.9
23.9
11.5
75.9
42.9
19.4
23.6
11.2
75.9
43.7
19.2
24.4
11.5
75.5
43.4
19.4
24.0
11.9
75.4
42.9
19.9
23.0
\9 9
\9 9
74.6
41.8
19.1
22.7
69.8
39.1
19.0
20.0
12.0
64.7
35.2
18.3
16.9
12.3
65.2
35.5
18.2
17.2
- 12. 9
-65.5
34.7
18.3
16.3
10.8
19.1
11.0
21.0
10.7
21.4
11.1
19.5
11.0
21.3
11.2
21. 8
10.7
21.5
11.0
21.2
10.8
21.8
10.6
22 2
10.3
20.4
9.1
20.4
8.6
21.1
9.1
21.7
79.8
33.2
46.6
21.4
25.3
-1.1
24.4
88.7
40.6
48.2
23.3
24.9
-3.3
27.8
91.2
42.7
48.5
24.7
23.9
-5.4
30.7
86.7
39.8
46.9
22.3
24.7
-5.4
26.4
88.6
40.4
48.3
23.1
25.2
-2.6
27.3
88.4
40.4
48.0
23. 8
24.2
28'. 2
91.3
41.7
49.6
24.1
25.5
-4.2
29.1
93.0
43.5
49.5
24.1
25.5
-5.9
29.7
93.4
43.8
49.7
24.4
25.2
-6.0
30.4
89.9
42.1
47.9
25.0
22.9
-3.2
31.0
88.5
41.4
47.1
25.2
21 9
-6.5
31.7
82.6
38.0
44.6
25.2
19.4
-5.8
32.4
82.0
38.1
43 9
25.1
18.8
-4.5
33.1
629.3
83.0
546.3
506.0
40.4
688.7
97.5
591.2
550.8
40.4
748.9
117.3
631.6
593.9
37.6
664.0
89.1
574.9
534.1
40.8
680.9
92.6
588.4
543.8
44.6
697.6
102.1
595. 6
559.1
36.5
712.5
106.5
606.0
566.4
39.6
725.8
113.8
612.0
577.7
34.3
741.1
118.1
623. 0
589.7
33.3
758.1
117.5
640.6
598.7
42.0
770.5
119.9
650.6
609.6
41.1
782.3
117.0
665.3
620.5
44.8
801.3
117.7
683.6
632.1
51.5
65.47
28.51
14.06
14.45
67.76
28.37
14.12
14.25
75.56
31.68
15.96
15.72
15.10
6.15
3.06
3.09
16.85
6.99
3.36
3.63
16.79
7.13
3.54
3.59
19.03
8.10
4.16
3.94
16.04
6.58
3.36
3.22
18.81
7.82
3.98
3.84
19.25
8.16
4.03
4.12
21.46
9.12
4.59
4.53
17.47
7.14
3.59
3.56
20.33 ' 20. 26
8.15 - 7.99
4.08 '3.87
4.07 -4.12
36.96
1.65
1.86
2.29
1.48
8.74
6.75
2.00
6.34
14.59
39.40
1.63
1.45
2.56
1.59
10.20
7.66
2.54
6.83
15.14
43.88
1.86
1.86
2.51
1.68
11.61
8.94
2.67
8.30
16.05
8.95
.42
.39
.68
.30
2.07
1.69
.38
1.59
3.50
9.86
.43
.37
.58
.42
2.62
1.94
.68
1.62
3.81
9.66
.39
.31
.64
.41
2.61
1.87
.74
1.61
3.69
10.93
.40
.38
.66
.47
2.90
2.16
.74
2.00
4.13
9.45
.42
.38
.68
.38
2.36
1.88
.48
1.81
3.41
10.99
.48
.44
.66
.46
2.99
2. 22
!77
2.00
3.97
11.10
.47
.49
.53
.40
3.03
2.23
.80
2.11
4.07
12.34
.49
.55
.64
.44
3.23
2.61
.62
2.39
4.60
10.32
.45
.42
.73
.28
2.54
2.15
.39
2.14
3.76
12.18 - 12. 27
.47
-.46
.47
.46
.80
-.74
.31
-.30
3.28 -3.58
2.59 -2.79
.69
-.78
2.59
2 56
4.26
-4.16
68.09
28.02
14.11
13.91
66.29
27.84
13.51
14.33
67.77
28.86
14.47
14.40
69.05
28.70
14.39
14.31
72.52
29.99
15.47
14.52
73.94
31.16
15.98
15.18
77.84
33.05
16.53
16.52
77.84
32.39
15.88
16.50
78.22
32.44
16.40
16.05
80.22
32.43
16.32
16.11
- 81. 88 i 81. 72 i 81. 40
- 32. 15 - 32. 13 31. 49
15.70
- 15. 74 - 15. 30
15.79
- 16. 40 - 16. 82
40.07
1.80
1.68
2.88
1.43
10.08
7.76
2.32
6.83
15.37
38.45
1.66
1.49
1.98
1.49
10.24
7.64
2.60
6.42
15.17
38.91
1.57
1.29
2.69
1.65
9.82
7.50
2.32
6.67
15.22
40.35
1.52
1.34
2.87
1.75
10.63
7.74
2.89
7.34
14.91
42.53
1.83
1.68
2.89
1.87
11.52
8.62
2.90
7.74
15.00
42.78
1.88
1.76
2.22
1.66
11.68
8.71
2.97
7.92
15.67
44.80
1.89
2.06
2.23
1.65
11.48
8.98
2.50
8.71
16.78
45.46
1.85
1.94
2.80
1.63
11.80
9.36
2.44
8.76
16.67
45.78
1.92
1.74
2.94
1.37
12.14
9.77
2.37
9.14
16.52
47.79
1.84
1.88
2.88
1.12
12.72
10.15
2.57
10.38
16.98
- 49. 73
- 1.86
-1.96
-3.24
- 1. 22
- 13. 84
-11.34
-2.50
10.62
- 17. 00
11,932
7,946
302
1,765
1,919
12, 685
8,386
344
1,990
1,965
13, 295
8,878
393
2,000
2,024
12, 714
8,378
357
1,935
2,044
11, 948
7,472
391
2,089
1,996
14, 291
9,585
313
2,150
2,243
14, 565
9,581
458
2,286
2,240
14,712 - 15,342 ^15, 914
9,835 - 10,228 - 10, 705
432
352
258
2,314
2,499 r 2, 302
2,211
2, 357 - 2, 475
Imports of goods and services
.
do
-40.991 -48, 127 -53,566 -11,477 -11,832
Merchandise, adjusted, excl. military
do
-26, 821 -32,964 -35,835 -7,820 -8, 132
Military expenditures
do
-4,378 -4,535 -4,850 -1,103 -1,112
Income on foreign investments in the U.S do
-2, 362 -2, 932 -4,463
-732
-677
Other services
do
-7,430 -7,696 -8,418 -1,877 -1,856
Unilateral transfers, net (excl. "military" "grants)";"
transfers to foreigners (-)
mil. $._ -2, 970 -2,829 -2, 835
-629
-675
r
Revised.
p Preliminary.
1 Estimates (cor rected for systemat ic biases) for Oct
Dec. 1970 and Jan.— Mar. 1971 based on expected car)ital expei iditures o f busines
5. Expecl ed
2
expenditures for the year 1970 appear on p. 15 of thtj Dec. 197 0 SURVEY
Inceludes co mmunication.
fSee corresponding note on p. S--1.
9liicludes iriventory valuat 011
adjustment.
{Revised series; explanation of rev sions ancI annual and qua rterly d ata
back to 1947 appear on pp. 25 fl. of the Jan. 1970 SURVEY; see a Iso pp. If ff. of th e Feb. 1970
SURVEY.
ePersonal outlays comprise personal c<3nsumpti m expend itures, iriterest paid
-12, 444
-8, 569
-1,147
-761
-1,967
-12, 374
-8, 443
-1, 173
-762
-1,996
-11,618
-7,576
-1,198
-905
-1,939
-13, 978
-9,606
- 1, 187
-1,071
i-2,114
-13, 909
-9,263
-1,220
-1,240
-2,186
do
do
do__._
do
do
do
do
do
do
Corporate profits and inventory valuation adjustment total
bil $
By broad industry groups:
Financial institutions ._
do
Nonfinancial corporations, total . . do
Manufacturing, total
do
Nondurable goods industries
do
Durable goods industries
_ do__
Transportation, communication, and public
utilities
bil $
All other industries
do
Corporate profits before tax, total
do
Corporate profits tax liability
_ do. _
Corporate profits after tax
do
Dividends _
do
Undistributed profits,
_ _ do__
Inventory valuation adjustment
do
Net interest
do
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
bil. $
Less: Personal tax and nontax payments
do
Equals: Disposable personal income _ _ _ . do_
Less: Personal outlays©
_do_ _
Equals: Personal saving§.
_
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals :\
All industries
bil. $
Manufacturing
do
Durable goods industries 1
do
Nondurable goods industries T
do
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities ..
Electric
Gas and other
Communication.
Commercial and other. _
Seas. adj. qtrly. totals at annual rates:t
All industries
Manufacturing. . . . . . .
Durable goods industries f
Nondurable goods industries t
Nonmanufacturing
Mining .
Railroad
Air transportation
Other transportation
Public utilities
Electric
.
Gas and other
Communication
Commercial and other.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1
do
do
do
do
do
do
do
do
do
do
U.S. BALANCE OF INTERNATIONAL
PAYMENTScf
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil. $
Merchandise, adjusted, excl. military..
do
Transfers under military sales contracts
do
Income on U.S. investments abroad
do
Other services
do
i
46, 204
30, 681
1,239
6,872
7,412
50, 626
33, 588
1,396
7,690
7,952
55, 516
36, 473
1,514
8,839
8,690
A
-14,061
-9,390
-1,245
-1,247
-2, 179
-84.4
r 38. 9
45.4
25.4
20.0
-5.9
33.8
807.2
114.2
693.0
640.2
52.7
122. 52 1 18. 12
-8.98
6.93
-4.37
3.43
-4.61
3.50
- 13. 54
-.47
-.49
-.67
-.34
-3.93
3.32
- .62
11.19
.44
.36
.50
.24
3.35
2.90
.45
27.64
26.31
- 49. 60
-1.81
- 1.76
-2.72
-1.27
- 14. 36
-11.91
-2.45
49.91
1.86
1.56
2.03
1.15
15.92
13.21
2.72
-2 27. 68 2 27. 38
pl5, 924
p-10,678
p341
p 2, 407
p 2, 498
p-14,90
-9,723 '-9,876 --9,958
-1,178 --1,255 p-1,21
-1,348 --1,325 p-1,29
'-2,261 --2,354 p-2,43
--14,51C - 14,810
-757
-768
-612
-812
-690
-721
-739 '-721 p -752
by c Dnsumers , and personal tr insfer pa yments t o foreigrlers.
§ Personal saving is excess
of di sposable income ()ver pers onal out ays.
Hi-)ata for ndividua 1 durablei and noiidurable goods in dustries sompone nts appear in the
Mar, , June, £ ept., am1 Dec. issues of t ^ie SURVI:Y.
cf More cornplete d(jtails are given in
t h e cquarterly reviews in the M ar., June , Sept., a nd Dec. issues of the SUR ^EY.
"I ncludes t he retrojictive pa y increas e for Fed eral pen5onnel.
SURVEY OF CURRENT BUSINESS
December 1970
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS
1967
1968
1968
1969
Annual total
S-3
I
II
1970
1969
III
IV
I
II
IV
III
I
1971
I
1
II
IV
I
Oct.
Nov.p
III
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
U.S. BALANCE OF INTERNATIONAL
PAYMENTS §— Con.
Quarterly Data Are Seasonally Adjusted
Transactions in U.S. private assets, net; increase
(— )
mil. $ .
Transactions in U.S. Govt. assets, excl. official
reserve assets; increase (— )
mil. $..
Transactions in U.S. official reserve assets, net;
increase ( — )
mil $
Transactions in foreign assets in the U.S., net (U.S.
liabilities)' increase (-f-)
mil $
Liquid assets
„ _ _
.
_ _ _ _ do __
Other assets
do
Balance on transactions in U.S. and foreign liquid
and nonliquid assets, incl. reserves
mil. $..
Allocations of special drawing rights (SDR) do
Errors and omissions, net- _
do
Balance on liquidity basis: 1T
Including allocations of SDR
do
Excluding allocations of SDR
do
Balance on official reserve transactions basis: ©
Including allocations of SDR
do
Excluding allocations of SDR
do
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes areas shown in
the 1969 edition of BUSINESS STATISTICS
-5, 637 -5, 412
-5, 233
-684
-2,419 -2,268
-2, 184
-723
-1,429 -1,585 -1,714 -1,213 -2, 151
-642
-528
-375
-980
-889 -1,688 '- 1,870 p- 1,339
-641
-650
-458
-444
-48
-299
-686
-154
264
3,276
2,965
311
1.369
-266
1,635
' 1, 738
r 1, 749 p 1,065
1, 175
-563
p 54
'429
'1,320 p 1,011
-435
52
-880
-1,187
904
-137
-571 -1,076
6,853
3,492
3,361
9, 409
709
8,700
12, 332
8, 199
4,133
1,008
-660
1,668
2,562
31
2,531
2,253
426
1,827
3,586
912
2,674
3,174
1,400
1,774
4,513
4,100
413
354
-431
421
1,478
1,422
960
-132
r -130
017
8 -1,196
-922
-927
204
'-182
-1,154
849
3,728
-1,088
-514
-2,841
-329
-3,544
-3,544
171
171
-7,012
-7,012
-244
-244
-3, 418
-3,418
1,641
1,641
2,700
2,700
1968
1969
-528
-61
-61
335
106
106
145
145
1,652
1,652
408
408
164 -1,352 -3,801 -2,279
164 -1,352 -3,801 -2,279
-358
-358
1,453
1,453
1,315
1,315
-582
-582
1969
Oct.
Annual
505
Nov.
r
' -364 p -367
p584
805
-320
217
' -920
p-57
p 217
p— 428
420 '-1,439 '-1,234
420 '-1,656 ••-1,451
'-638
'-855
514 -2,886 '-1,761 p- 1,847
514 '-3,110 '-1,994 '-2,047
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCE f
Seasonally adjusted, at annual rates: f
Total personal income
688.7
748.9
766.7
770.6
774.3
777.8
781.5
787.6
806.0
799.7
798.2
803.3
806.4
811.9
' 810. 0
812.4
464.8
181.5
145.9
109.2
509. 0
197.5
157.5
119.8
522.7
201.8
160.9
123.1
525.2
201.9
160.0
124.1
528.0
203.8
161.6
124.1
529.5
202.2
160.8
125.4
531.1
202.0
160.0
125.7
535.0
203.9
161.3
126.7
539.9
202.3
160.0
126.0
540.5
200.9
159.2
127.2
538.1
201.3
159.5
127.9
541.5
202.1
160.1
129. 1
543.2
202.0
159.6
129.7
546.6
201.5
159.5
130.2
' 541. 8
' 196. 8
154.3
' 130. 6
543.6
196.8
153. 9
130.8
do
do
_do_
78.4
95.7
24.9
87.7
104.1
27.6
90.0
107.7
28.3
91.0
108.1
28.5
91.6
108.5
28.6
93.1
108.9
29.0
94.1
109.3
29.3
94.6
109.8
29.6
95.1
116.5
29.8
95.5
116.9
30.0
95.7
113.2
30.3
96.8
113.5
30.6
97.3
114.2
30.8
97.9
117.0
31.1
'98.8
'115.6
31.3
99.9
116.1
31.5
do
do
49.1
15.0
50.5
16.4
50.8
16.7
50.5
16.6
50.4
16.6
50.4
16.8
50.6
17.0
50.7
17.2
51.0
16.9
51.3
16.5
51.5
16.2
51.6
16.2
51.7
16.1
51.8
16.0
51.9
15.9
52.0
15.7
21.3
23.3
54.0
59.0
22.0
24.7
59.7
65.1
22.2
25.2
61.2
66.3
22.3
25.3
62.0
66.9
22.4
25.0
62.6
67.7
22.5
25.1
63.0
68.8
22.5
25.2
63.4
69.7
22.6
25.2
63.7
71.1
22.6
25.2
64.2
84.1
22.6
25.3
64.5
76.6
22.7
24.7
64.8
77.6
22.7
25.2
65.3
78.1
22.7
25.3
66.0
78.6
22.8
25.5
66.8
79.6
22.8
'25.6
67.0
'81.7
22.9
25.7
67.2
81.9
bil. $„
22.8
26.0
26.7
26.7
26.9
27.3
27.3
27.5
27.7
27.7
27.6
27.8
28.0
28.2
28.0
28.1
do _ _
668.2
726.7
744.1
747.9
751.6
755.0
758.4
764.3
783.0
777.0
775.7
780.9
784.0
789.7
' 787. 9
790.5
47 680
51 023
5 826
5 106
4 577
4 431
3 350
3 462
3 371
3 210
3 391
3,960
6,979
4 606
5,705
44, 218
18, 734
25, 484
5, 955
15, 363
3,828
47, 229
18, 790
28, 439
6,172
17, 521
4,423
5,479
2,614
2,865
515
1,897
433
5,085
2,651
2,434
495
1,498
423
4, 544
2,129
2,415
525
1,422
441
4,375
1,859
2,516
538
1,526
422
3,326
1,011
2,315
504
1, 429
351
3,450
868
2,581
547
1,635
372
3,309
789
2,520
558
1, 598
327
3,193
794
2,399
585
1,455
322
3,374
1,001
2,373
553
1,470
323
3,756
1,434
2,322
538
1, 392
371
3,775
1,486
2, 290
524
1,386
359
4,562
2,052
2,510
516
1,583
391
5,607
2,856
2, 751
526
1,815
391
5,207
2, 900
2,307
521
1,413
356
137
135
138
146
136
154
203
226
186
188
230
158
168
184
156
152
161
163
123
88
150
128
75
167
123
68
163
118
69
155
125
87
154
139
124
150
140
129
148
169
178
163
208
247
178
193
251
149
126
129
124
126
129
124
179
220
149
168
227
124
148
187
119
143
171
122
98
81
111
98
61
125
94
50
127
93
50
126
109
88
125
119
117
121
121
118
123
142
153
133
180
220
149
173
231
130
165.5
v 172. 8
177.8
173.6
169.6
168.2
171.5
172.1
170.6
169.1
172.1
163.6
'
'
'
'
bil. $
Wage and salary disbursements, total
do
Commodity-producing industries, total-do
Manufacturing
do
Distributive industries
do
Service industries
Government
_
_ Other labor income- _ _ _
._Proprietors' income:
Business and professional _ _ T _ _. .
Farm
Rental income of persons.. . _...
_ __.do .
Dividends
do
Personal interest income
do
Transfer pavments.
_
_ _
do
Less personal contributions for social insurance
Total nonagricultural income
FARM INCOME AND MARKETINGS J
Cash receipts from farming, including Government
Farm marketings and CCC loans, total
do
Crops
do
Livestock and products, total 9
do
Dairy products
do
Meat animals
do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted: J
All commodities
1957-59-100
Crops _
do
Livestock and products. _ _ _ _ _
._ __ do.
Indexes of volume of farm marketings, unadjusted :}
All commodities
1957-59-100
Crops
.
_ __ _
do
Livestock and products
do
INDUSTRIAL PRODUCTION cf
Federal Reserve Index of Quantity Output
Unadj., total index (incl. utilities) <?__ 1957-59 = 100. .
By industry groupings:
Manufacturing, total
do
Durable manufactures
do
Nondurable manufactures
do
Mining
do
Utilities
do
By market groupings:
Final products, total
Consumer goods
Automotive and home goods
Equipment, including defense
do .
do
do
do
do
do
do
' 166. 4
162.6
164. 4
156. 4
174. 5
141. 9
160.7
153.5
169.8
140.6
160.2
158.1
155
'
'
'
'
166.9
169.8
163.3
126.6
202.5
v 173. 9
p 176. 5
170.6
130.2
221.2
179.5
181.5
176.9
132.7
175.0
175.4
174.5
132.9
169.6
172.6
165. 9
133.1
167.5
169.1
165.6
130.1
171.3
170.7
172.0
134.1
172.2
173.5
170.6
134.0
171.0
170.5
171.7
135.0
168.9
169 4
168.4
137.9
171.8
171.3
172.3
137.6
165.1
156.9
175.0
151 2
182.6
170.8
162.5
179.5
157 1
188.6
176.5
169.4
192.1
162 2
191.8
170.0
162.6
175.9
158 4
186.0
166.2
156.6
167.4
153 1
187.0
167.1
159.0
165.1
157 1
184.3
170.5
163.0
171.5
160 3
186.5
169.9
161.8
176.3
157 2
187.3
166.9
160.6
175.5
155 9
180.3
165.8
160.3
176.0
155 3
177.7
169.9
165.7
181.2
160 8
179.0
161.8 ' 167. 1
157.6 ' 165. 3
150.4
153.5
158 9 r uo o
170. 9 ' 170. 9
' 169. 0 ' 164. 6
' 168. 4 ' 164. 2
160. 9
' 163. 3
170 0
' 170. 4 ' 165. 5
164.5
169.5
156.8
182.5
172.5
158.4
186.9
174.0
161.3
187.1
174.3
160.4
188.5
172.1
159. 5
185.1
174.1
162.0
186.6
165.3
170.9 ' 171.3 ' 168. 3
148.0
153.2 ' 156. 0 ' 154. 9
'
186. 2 ' 188. 2 ' 189. 1
177.8
165.2
144
187
178.9
174.6
165.8
165.5
169.7
157.8
188.4
174.1
183.9
p
' Revised.
Preliminary.
§ See note "d*" on p. S-2.
If Increase in U.S. official
reserve assets and decrease in liquid liabilities to all foreigners.
©Increase in U.S. official
reserve assets and decrease in liquid and certain nonliquid liabilities to foreign official agencies.
tSee corresponding note on p. S-l.
JSeries revised beginning 1967; monthly data
Materials
Durable goods materials
Nondurable materials. _, .
' 169. 1 ' 170. 2
161.6 ' 166. 4
161.0
159.8
163.8 '173.2
129.2
138.2
176.9
166.3
187.8
172.6
161.8
183.7
167. 6
162. 3
174. 2
140. 1
prior to May 1969 are shown in the Farm Income Situation, July 1970, available from the
U.S. Dept. of Agriculture, Economic Research Service.
d"Revisions for Jan.-Oct. 1968
will be shown later.
9 Includes data for items not shown separately.
SURVEY OF CUERENT BUSINESS
S-4
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS
1968
1969
1969*
Annual
December 1970
Oct.
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov. *
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTIONd"— Continued
Federal Reserve Index of Quantity Output— Con.
165.5
172.8
173.1
171.4
171.1
170.4
170.5
171.1
170.2
169.0
168.8
169.2
-•168.8
' 165, 8
r
166.9
173.9
173.9
171.8
171.3
170.2
170.3
170.8
170.0
168.1
168.0
168.5
r 167. 7
' 163. 7
r 159.
5
158.5
169.8
137.0
130.7
160.0
176.5
149.1
140.3
181.1
177.3
150.4
141.5
178.7
172.1
150.3
142.7
183.1
171.1
147.7
138.8
181.1
169.7
143.1
135.2
174.8
169.6
139.2
129.8
177.3
171.0
141.9
134.4
183.6
168.4
138.9
133.0
175.4
167.6
142.6
136.7
174.4
167.3
142.7
138.8
169.2
167.4
145.2
136.8
172.6
r 166.
r 160.
r 153.
5
151.5
131
118
167.9
162.2
179.8
173.3
179.4
172.5
179.2
174.5
178.4
177.1
180.0
175.4
178.9
174.6
178.3
174.4
175.2
170.2
171.4
164.2
172.3
164.4
172.5
162.9
• 171.9
164.0
184.3
181.0
188.5
195.7
194.6
197.2
199.0
200.3
197.3
187.4
194.9
177.5
188.7
196.5
178.3
189.7
195.9
181.5
195.8
195.8
195.9
199.1
196.6
202.5
194.9
191.7
199.1
191.0
187. 1
196.3
190.6
185.2
197.7
191.2
185.2
199.1
r 183.
Transportation equipment 9
.
do- - _
Motor vehicles and parts
__ .-do-Aircraft and other equipment
do
179.5
171.4
185.0
174.6
166.9
177.8
175.7
167.9
179.6
168.3
159.9
171.9
163.9
152.0
170.7
159.6
146.8
166.7
154.3
142.1
161.4
156.0
148.9
159.1
153.1
148.0
154.1
157.3
158.5
153.0
159.9
164.4
153.3
158.1
164.8
149.7
Instruments and related products
Clay, glass, and stone products
Lumber and products
Furniture and
fixtures
Miscellaneous manufactures
do
do
do
do
do
184.2
146.2
122.3
178.3
161.4
194.4
156.0
119.1
186.9
166.4
193.9
156.3
113.8
184.0
165.3
196.0
155.9
114,1
183.7
166.4
197.4
157.4
109.7
183.3
167.2
194.8
154.5
118.0
183.4
168.2
194.0
155.0
117.5
179.4
168.4
193.6
151.7
113.1
180.4
167.8
195.4
154.6
115.5
179.5
167.4
191.3
152.6
116. 1
174.4
163.6
187.9
149.4
107.6
173.8
162.6
187.0
148.8
110.5
172.5
162.0
do
do
do
do
do
163.3
151.5
149.9
111.0
163.8
170.6
154.2
149.2
101.9
175.6
169.5
152.1
146.5
101.1
177.1
171.5
151.9
148.0
102.7
175.9
171.5
150.3
147.9
98.0
178.0
171.0
152.9
145.8
96.9
173.8
171.3
151.3
141.7
96.9
174.8
170.6
150.3
140.1
95.9
174.9
171.9
151.3
140.8
100.2
176.3
168.7
147.8
137.7
104.5
174.5
168.9
145.9
139.0
99.3
170.8
170.0
145.3
140.9
95.6
172.0
do
do
149.6
136.1
156.3
142.7
156.9
143.0
159.1
145.1
158.6
142.0
157.9
141.7
157.3
142.1
156.9
137.9
156.9
139.3
154.8
136.9
155.2
137.5
154.6
140.0
do
do
221.7
262.0
239.0
283.0
238.3
281.2
240.8
283.9
241.7
283.8
240.2
281.9
242.6
284.3
242.3
284.8
244.4
289.2
241.4
281.3
243.2
285.8
243.3
285.7
Seas, adj., total index (incl. utilities) cf. 1957-59 = 100
By industry groupings:
Manufacturing, total
do
Durable manufactures 9
Primary metals
Iron and steel
__
Nonferrous metals and products
Fabricated metal products
Structural metal parts
_ _
Machinery
.
Nonelectrical machinery ..
Electrical machinery
Nondurable manufactures
Textile mill products
Apparel products
Leather and products
Paper and products
Printing and publishing
Newspapers
._
Chemicals and products
Industrial chemicals
do
do
do
do...
do
-_do.do
do.-.
do
7
4
' 145. 6 ' 142. 4
r 134. 1
' 129. 3
' 169. 7 ' 172. 0
r 169. 1
0
134. 8
r 122. 0
186.2
r 180. 0
r 194. 5
5
' 182. 4
' 176. 2
r 190.
5
156.7
164.7
147.1
' 139. 0 r 121. 7
r 127. 3
'95.4
f
183.3
r 181.
r 148.
r 150.
1
114.2
172.9
159.1
145. 7
8
9
r 140. 6
179
172
189
120
96
138
184
148
* 172. 8
' 156. 9
175
157
6
108.2
' 171. 7
r 157. 7
169. 0 ' 167. 7 ' 167. 1
145.7
* 146. 1 *• 145. 3
140.5
«• 140. 7
94.6
93.6
' 172. 9 ' 165. 8 167.0
r
161
162
148.0
r 181.
r
154.3
138.7
161.4
163.1
r 163.
' 162. 7 ' 162. 1
190.3
199.9
r
162. 4
137. 4
150.1
134.5
239.8 r 240. 9
280. 7 282.2
240.3
r 151.
r
5
167.3
150
-do
139.6
143.8
146.7
150.9
149.5
143.3
143.0
146.6
147.9
146.5
147.8
145.5
Rubber and plastics products
Foods and beverages
Food manufactures
Beverages
do
do
do
do
222.0
136.4
132.7
156.5
238.7
140.7
136.7
161.9
238.6
138.0
132.6
166.7
240.2
141.0
137.5
159.7
234.8
142.1
137.4
167.2
231.4
144.7
140.2
168.9
234.0
145.2
140.4
170.7
235.3
143.3
140.0
161.0
239.4
143.7
140.1
162.8
212.2
143.1
141.0
154.6
227.8
140.7
138.3
153.7
244.8
141.1
139.5
149.6
Tobacco products
do
120.9
117.3
113.8
116.2
115.1
117.8
122.8
116.8
125.1
117.8
120.7
126.6
121.8
122.9
do
do
do
do
do
do
126.6
118.2
126.8
130.5
126.4
137.8
130.2
117.7
129.3
132.0
142.0
144.7
130.2
115.7
130.7
132.8
141.1
139.6
132.6
118.9
131.2
133.5
153.3
146.8
134.4
119.3
132.6
135.0
152.3
154.8
131.7
113.1
131.4
133.7
155.7
142.6
134.2
122.3
131.8
133.0
158.4
149.8
135.1
121.5
132.4
133.5
165.8
150.1
133.9
123.0
131.3
135.2
162.6
146.1
134.8
134.2
131.9
135.8
151. 8
142.8
135.5
124.3
135.1
137.5
150.3
143.0
133.8
127.5
131.7
134.4
150.9
143.8
' 137. 1
128.5
142.3
138.9
127.9
140.3
144.1
144.5
140.9
do
do
do
202.5
211.5
174.1
221.2
233.0
174.1
226.0
238.5
186.9
226.0
238.3
187.6
227.9
240.5
188.4
230.1
243.1
232.7
246.1
230.3
242.8
233.8
247.1
234.9
248.4
235.4
248.7
236.3
249.5
235.8
248.6
r 242. 5
257.1
do
do
_,do
165.1
156.9
175.0
170.8
162.5
179.5
170.9
161.2
176.8
168.4
160.5
167.2
168.5
160.7
164.4
168.5
161.5
163.7
169.9
162.4
166.6
169.7
162.0
171.4
168.5
163.2
171.1
167.7
163.2
173.5
167.1
162.8
172.7
166.8
163.5
178.5
174.3
174.8
173.8
175.4
168.4
173.7
173.2
162.8
186.8
184.0
180.2
180.3
172.8
164.0
184.4
179.5
175.2
175.7
168.0
153.8
186.7
166.7
142.2
176.0
160.9
141.6
186.2
166.8
140.1
175.0
155.3
132.9
184.9
169.6
149.0
173.8
154.8
127.6
190.7
174.8
168.6
169.2
160.0
138.4
188.5
179.4
178.1
170.3
158.4
136.1
187.8
180.0
178.9
170.6
166.4
156.0
180.1
178.4
182.6
165.5
170.3
163.0
179.9
177.7
178.8
164.9
172.8
163.8
184.7
182.5
192.3
165.2
167.5 r 133. 2 ' 109. 4
108.5 '76.5
163.3
173.1 ' 165. 7 152.8
178.4
183.7 - 178. 8
198.6 ' 189. 7 189. 2
166.3
164.9 r 164. 4
151.2
139.5
154.5
132.6
157.1
138.5
162.4
136.6
156.2
136.4
161.8
132.3
158.3
137.5
164.2
136.5
159.5
137.7
165.7
137.0
160.8
137.6
167.3
138.7
161.0
135.7
168.2
139.5
159.0
133.4
166.2
139.6
160.7
133.8
168.4
140.2
159. 9
131.4
168.0
141.1
159.0
132.4
166.6
137.9
158.8
132.4
166.3
138.7
' 159. 2 160.1
" 133. 2 r 132.0
' 166. 6 168. 1 ' 166. 9
' 139. 4 ' 139. 4 135.5
Beverages and tobacco
do
Drugs, soap, and toiletries
do
Newspapers, magazines, books.. .do
Consumer fuel and lighting
do
144.5
193.4
143.3
183.4
146.8
209.0
147.1
199.6
148.9
210.4
147.1
203.9
145.0
213.2
148.9
206.0
149.6
217.0
149.7
206.0
151.7
217.6
147.7
210.0
154.6
217.9
147.6
210.3
146.1
216.5
146.1
207.2
150.1
218.6
146.0
212.6
142.2
219.6
146.9
212.3
142.6
217.4
147.6
213.7
141.9
217.4
142.9
212.8
Equipment, including defense 9
do
Business equipment
do
Industrial equipment
do
Commercial equipment
do
Freight and passenger equipment __ do
Farm equipment
do
182.6
184.7
168.2
205.2
234.3
145.0
188.6
195.6
179.1
220.0
246.7
136.8
191.9
200.9
182.9
224.9
254.5
153.1
185.6
194.4
174.4
223.3
252.8
136.5
185.2
193.8
176.3
223.6
240.9
135.4
183.6
192.8
175.0
223.0
239.5
138.4
186.2
196.9
184.9
222.4
231.8
130.3
186.3
198.0
186.8
225.0
226.1
134.6
179.9
193.0
182.1
223.4
215.4
130.4
177.3
188.7
175.8
220.4
216.8
127.4
176.3
188.0
175.2
220.4
213.8
128.6
173.7
186.1
174.6
218.3
207.3
126.0
r 214. 3
r 133. 2
do
do
do
do
_.do
165.8
157.8
164.2
185.1
145.9
174.6
165.5
163.9
191.9
152. 4
175.4
165.8
166.4
194.8
149.6
174.6
163.5
158.5
190.7
150.2
173.9
161.8
150.9
189.8
150.4
172.5
160.1
148.7
188.6
151.2
171.5
157.9
142.3
188.6
150.7
171.7
159.1
143.0
189.8
148.8
171.9
159.6
143.6
183.8
148.8
170.4
157.5
146.0
177.5
146.8
171.2
157.8
155.4
176.6
145.1
171.4
158.4
156.0
178.4
146.3
f 161. 3
175. 9
r 147. 3
Nondurable materials 9
Business supplies
Containers
General business supplies
do
do
do
do
174.1
157.6
156.6
158.1
183.9
166.6
168.6
165.5
185.3
167.4
169.9
166.1
186.0
166.9
165.6
167.6
186.5
168.5
174.0
165.8
185.3
167.5
173.7
164.4
185.5
166.2
169.3
164.7
184.7
164.8
165.0
164.7
184.6
164.5
166.2
163.7
183.8
162.1
168.2
159.1
184.9
163.4
166.0
162.1
184.9
164.9
161.9
166.4
' 185. 4 r 186. 2 ' 186. 1
r
165 0 ' 161. 7 160.4
167.5 ' 163. 7 167.1
' 163. 7 ' 160. 7 157.1
185
Business fuel and power 9
M inera 1 f ue Is
Nonresidential utilities
do
do
do
152.0
133.0
200.2
158.2
134.9
216.7
160.4
135. 7
222.8
160.4
136.5
220.9
161.7
137.7
222.5
159.8
135.3
222.4
162.0
137.1
225.0
162.7
137.4
226.3
163.8
139.1
166.0
142.0
228.1
166.6
142.4
228.6
165.4
140.4
229.2
' 167. 5 ' 171. 1 ' 171. 2
' 144. 4 ' 147. 5 ' 148. 0
232.7
227.9
171
147
Petroleum products
_.
Mining
_
Coal
__Crude oil and natural gas..
Crude oil
Metal mining
Stone and earth minerals
_ _
Utilities
Electric
Gas
By market groupings:
Final products, totalcf-Consumer goods
_ _ _
Automotive and home goods
Automotive products
do
Autos__
_
_
do _
Auto parts and allied products.. .do
Home goods 9
do
Appliances, TV, and radios
do
Furniture and rugs
do
Apparel and staples
do
Apparel, incl. knit goods and shoes. . do
Consumer staples
do
Processed foods
do
Materialsd"
Durable goods materials 9
Consumer durable
Equipment
Construction
r
.
_
_
Revised.
» Preliminary.
cf See correspond!ng note ori p. S-3.
9 Includes data for items not shown separately.
147.5
' 150. 3
151.6
220.0
142. 5
138. 8
162.2
139.9
135. 9
' 236. 9
' 141. 6 >•
>•
r 138. 8
156.4
r 136.
5
139.8
r 152.
r 166.
r 163.
3
5
5
177.0
144.7
213.9
143.1
213.5
' 173. 0
185. 9
T
r 173.
3
214.2
171.2
r 157.
4
' 139. 9
' 128. 1
' 141. 2
r 145. 2
148.4
141.7
140.1
127
141
144
r 241.
241.0
5
' 163. 0 * 159. 7
' 160. 1 ' 157. 0
150.0
160.0
159.1
156. 9
150
110
78
167
149.0
215.5
140.8
r 215. 5
' 140. 5
220.7
r
r
r
r
169. 6
182. 3
170. 5
210. 5
r 206. 5
133.6
r
165. 4
178.4
169.3
205.8
193.4
' 169. 0 r 165. 2
' 152. 3 ' 145. 0
112. 9
143.5
167.2
' 173. 1
144.3
•• 146. 2
163.9
177
163.6
143
t Rewised da ta back t o 1961 foi• mfg. an I trade iiwent., tc>tal, unac Ij. andse as. adj.; invent,
sales r atiosfori nfg. and ,rade, tot al and re tail trade , total, d arable, aiid nondu rable, appear on
pp. 38 f t . o f t h e Oct. 1970 SURV EY. Revi sed data back to 1961 for nifg. and trade sales, total
seas, a dj.; mfrs . sales anid mfrs., invent., total, di irable, aiid nondiirable, st>as. adj.; and invent.-j;ales rati os for mf ?., total, durable, and nonelurable a re availalole upon request (see also
corresjDonding note on p . S-7).
SURVEY OF CURRENT BUSINESS
December 1970
1968
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS
1969
Annual
S-5
1969
Oct.
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES §
97, 486 100, 264 106, 480 105, 633 107, 931 112, 046 104, 249
105,856 -109,585 110, 222
do
U,163,869 1,245,058 106, 593 105, 566 105, 021 104, 932 106, 164 105, 487 105, 087 106, 847 107, 612 108, 393
108,175 '108,074 106, 225
Manufacturing, total f
Durable goods industries
Nondurable goods industries
do
do
do
1 604, 602 1656,717
331,835 364, 983
272, 767 291, 734
56, 685
31, 680
25, 005
55, 888
31,011
24, 877
55, 540
30, 603
24, 937
55, 070
29, 930
25, 140
55,613
30, 273
25, 340
55, 223
29, 757
25, 466
54, 539
29, 633
24, 906
55, 661
30, 488
25, 173
56, 438
30, 638
25, 800
57, 025
31,315
25, 710
56, 696 r 56, 475 54, 957
31,270 ' 30, 863 29, 384
25, 426 ' 25, 612 25, 573
Retail trade, total
Durable goods stores
Nondurable goods stores
do
do
do
i" 339, 324 '351,633
110,245 112,779
0
229, 079 238, 854
29, 620
9,354
20, 266
29, 471
9,229
20, 242
29,419
9,275
20, 144
29, 570
8,886
20, 684
29, 980
9,143
20, 837
29, 801
9, 134
20, 667
30, 536
9,340
21, 196
30, 502
9,320
21, 182
30, 518
9,411
21, 107
30, 729
9,487
21,242
30, 781 r 30, 885
9,503 r 9, 556
21,278 '21,329
30, 484
8,888
21, 596
Merchant wholesalers, total
Durable poods establishments
Nondurable goods establishments
do
do
do
1
20, 288
9,359
10, 929
20, 207
9,352
10, 855
20, 062
9,102
10, 960
20, 292
9, 201
11,091
20, 571
9,344
11,227
20,463
9,300
11, 163
20, 012
9,034
10, 978
20, 684
9,394
11, 290
20, 656
9, 482
11, 174
20, 639
9,423
11,216
20,698 r 20, 714
9,420 r 9, 435
11,278 '11,279
20, 784
9, 390
11, 394
Mfg. and trade sales (unadj.), total f - Mfg. and trade sales (seas, adj ), total f
mil. $_. 1,163,869 1,245,058 111,166 105, 487 110,662
219, 943 1236,708
100, 012 109, 578
119, 930 127, 130
BUSINESS INVENTORIES §
Mfg. and trade inventories, book value', end of year
or month (unadj.), total f . _
mil. $.. 151,327
163, 375 163, 229 165, 057 163, 375 163, 735 165, 650 167,211 168, 961 168, 391 168, 014 167, 832
167,367 ^68,045 169, 905
Mfg. and trade inventories, book value, end of year
or month (seas, adj.) , total f
mil. $
164,917 163, 331 163, 763 164, 917 164, 698 165, 638 166, 149 167, 059 166, 734 167, 375 168, 635
169,364 '170,038 170, 095
Manufacturing, total f
Durable goods industries
Nondurable goods industries
Retail trade, total J
Durable goods stores
Nondurable goods stores
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
do
do
do
do
do
do
do
do
do
152, 699
88, 567
57, 399
31, 168
41, 604
18, S51
22 753
22, 528
13, 454
9,074
95, 931
63, 547
32, 384
44, 623
19, 980
24, 643
24, 363
14, 579
9,784
94, 964
62 704
32, 260
44,411
20, 044
24, 367
23, 956
14,365
9,591
ratio
1.52
1.53
.
do
do
do
do
do
1.70
2.00
.59
.92
.49
1.69
1.99
.56
.93
.50
Nondurable goods industries f
Materials and supplies
Work in process
Finished goods
do
do
do
do
1.33
.50
.20
.62
do
do
do
'98,658
'65,323
'33,335
45, 691
20, 270
25, 421
f
25, 689
' 15, 275
' 10, 414
99, 229
65, 643
33, 586
44, 883
19, 291
25, 592
25, 983
15, 307
10, 676
95, 474
63, 089
32, 385
44, 268
19, 835
24, 433
24, 021
14, 389
9,632
95, 931
63, 547
32, 384
44, 623
19, 980
24, 643
24, 363
14, 579
9,784
96, 200
63, 909
32, 291
44, 014
19, 342
24,672
24, 484
14,636
9,848
96, 652
63, 977
32, 675
44, 133
19, 388
24, 745
24, 853
14, 788
10, 065
96, 982
64, 263
32, 719
44, 325
19, 471
24, 854
24, 842
14, 781
10, 061
97, 791
64, 689
33, 102
44, 326
19,426
24, 900
24, 942
14, 773
10, 169
97, 635
64, 447
33, 188
44, 109
19, 346
24, 763
24, 990
14, 763
10, 227
97, 706
64, 395
33, 311
44, 527
19, 552
24, 975
25, 142
14, 855
10, 287
98,260
65, 079
33, 181
44, 965
19, 739
25, 226
25,410
15, 066
10, 344
1.53
1.55
1.57
1.57
1.56
1.58
1.59
1.56
1.56
1.56
1.57
'1.57
1.60
1.68
1.98
.54
.93
.51
1.71
2.03
.56
.96
.52
1.73
2.08
.58
.97
.53
1.75
2.14
.58
.99
.56
1.74
2.11
.58
.99
.54
1.76
2.16
.60
1.01
.56
1.79
2.18
.59
1.02
.57
1.75
2.11
.57
.99
.55
1.73
2.10
.57
.99
.54
1.72
2.08
.56
.98
.54
1.74
2.09
.56
.98
.55
'1.75
' 2 12
'.57
.99
.56
1.81
2.23
.60
1.04
.59
1.31
.48
.21
.62
1.29
.48
.20
.61
1.30
.48
.20
.62
1.30
.47
.20
.62
1.28
.46
.20
.62
1.29
.47
.20
.63
1.28
.47
.19
.62
1.33
.48
.20
.65
1.32
.47
.20
.65
1.29
.46
.19
.64
1.29
.46
.19
.64
1.31
.47
.19
.65
'1.30
.46
.19
.65
1.31
.47
.19
.65
1.43
1.97
1.17
1.47
2.05
1.19
1.50
2.14
1.20
1.50
2.15
1.21
1.52
2.15
1.22
1.49
2.18
1.19
1.47
2 12
l!l9
1.49
2.13
1.20
1.45
2.08
1.17
1.45
2.08
1.17
1.46
2.08
1.18
1.46
2.08
1.19
1.48
2.12
1.19
1.48
2.12
' 1.19
1.47
2.17
1.19
1 20
1.54
.91
1.19
1.53
.89
1.18
1.53
.88
1.19
1.54
.89
1.21
1.60
.89
1.21
1.59
.89
1.21
1.58
.90
1.21
1.59
.90
1.25
1.64
.93
1.21
1.57
.91
1.22
1.57
.92
1.23
1.60
.92
1.23
1.61
.91
1.24
1.62
.92
1.25
1.63
.94
14, 944
17, 189
1,653
1,637
1,485
1,470
1,741
1,574
1,457
1,551
1,632
1,687
1,847
1,727
1,739
1,717
1,779
1,722
1,829
1,774
1,583
1,776
1,517
1,676
' 1, 750
' 1, 770
1,669
1,662
98, 488
65, 290
33, 198
45, 453
20, 119
25, 334
25,423
15, 165
10,258
BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade total t
Manufacturing, total tDurable goods industries t
Materials and supplies
Work in process
Finished goods
,
Retail trade, total tDurable goods stores.
Nondurable goods stores
Merchant wholesalers total
do
Durable goods establishments
do
Nondurable goods establishments
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:
Durable goods industries:
Unadjusted, total.
mil $
Seasonally adj . , total . .
do
Shipments (not seas, adj.), total f
do
604, 602
658, 717
58, 586
55, 928
53, 996
51,622
56,322
57, 173
55, 646
56, 358
59, 340
52, 134
54,829 ' 58, 436
do
do
do
do
331, 835
15, 754
50, 457
24, 901
364, 983
17,219
57, 137
26, 493
32, 564
1,604
5,026
2,316
30, 986
1,450
4,849
2,198
30, 149
1,335
4,651
2,121
27, 953
1,250
4,931
2,365
30, 853
1,356
4,957
2,213
31, 248
1,464
4,994
2,229
30, 499
1,471
4,724
1,960
31, 300
1,529
5,071
2,292
32, 845
1,643
5,205
2,386
27, 880
1,486
4,440
2,114
29, 091 '31,664 '30,041
1,608
1,579 '1,627
4,701 ' 4, 955 '4,509
1, 955
2,205 ' 2,311
Fabricated metal products.
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts ._
Instruments and related products
do
do
do
do
do
do
34, 180
58, 047
43, 237
84, 163
47, 638
11,370
37, 024
64, 551
46, 726
91, 480
50, 144
13, 563
3,371
5,469
4,175
8,530
4,973
1,176
3,133
5,237
3,942
8,236
4,439
1,204
3,142
5,319
3,781
8,050
3,865
1,213
2,969
5,017
3,386
6,668
3,666
1,035
3,222
5,805
3,835
7,627
3,924
1,159
3,246
5,844
3,870
7,630
3,898
1,223
3,096
5,593
3,747
7,834
4,033
1,112
3,239
5,695
3,832
7,943
4,300
1,119
3,511
5,877
4,171
8,161
4,624
1,247
3,107
5,077
3,607
6,270
3,037
1,065
3,301
3,268 ' 3, 464
5,194 ' 5, 622 5,356
4,217
3,859 ' 4, 295
6,255 ' 7, 220 '6,702
2,882 ' 3, 747 3,136
1,193
1,148 ' 1, 233
Nondurable goods industries, total 9
Food and kindred products
Tobacco products.
Textile mill products. _.
do
do
do
do
272, 767
90,157
4,922
21, 458
291, 734
96, 717
5,121
21, 262
26, 022
8,677
414
1,990
24, 942
8,3«3
438
1,847
23, 847
8,414
431
1,647
23, 669
8,088
414
1,626
25, 469
8,506
407
1,761
25, 925
8,717
430
1,862
25, 147
8,396
439
1,729
25, 058
8,428
456
1,709
26, 495
9,082
454
1,834
24, 254
8,225
473
1,511
25, 738 '26,772 26, 599
8,585 ' 9, 294 8,989
470
' 480
472
1, 978
1,742 ' 1,879
Paper and allied products..
Chemicals and allied products
Petroleum and coal products.
Rubber and plastics products
do
do
do
do
24, 208
46, 465
22, 267
14, 265
26, 951
48, 698
24, 555
16, 552
2,350
4,230
2,082
1,594
2,278
4,036
2,142
1,405
2,187
3,670
2,128
1,317
2,239
3,797
2,167
1,390
2,386
4,243
2,167
1,571
2,430
4,392
2,085
1,618
2,347
4,310
2,118
1,519
2,328
4,376
2,139
1,537
2,422
4,383
2,215
1,623
2,237
3,889
2,126
1,463
Shipments (seas, adj.), total f
By industry group:
Durable goods industries, total 9
Stone, clay, and glass products.
Primary metals
Blast furnaces, steel mills.
do
56, 685
55, 888
55, 540
55, 070
55, 613
55, 223
54, 539
55, 661
56, 438
57, 025
56, 696 '56,475
do
do
do
do
31, 680
1,462
5,131
2,446
31,011
1,480
5,064
2,392
30, 603
1,495
5,022
2,380
29, 930
1,464
5,080
2,413
30, 273
1,488
4,739
2,134
29, 757
1,502
4,692
2,037
29, 633
1,443
4,426
1,780
30, 488
1,475
4,786
2,099
30, 638
1,519
4,834
2,201
31, 315
1,517
4,891
2,259
31, 270 '30,863 '29,369
1,468
1,482
1,470
5,049 '4,592
4,935
2,064
2,422
2,287
Durable goods industries, total?
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills
...
Fabricated metal products
do
3,204
3,247
3,249
Machinery, except electrical
do
5,525
5,301
5,423
Electrical machinery
do
3,959
3,820
3,723
Transportation equipment.
do
7,843
8,154
7,705
Motor vehicles and parts
do
4,469
4,082
3,904
Instruments and related products
do
1,161
1,135
1,175
'Revised.
° See corresponding note on p. S-ll.
1 Based on (lata not seasona lly
adjusted.
2 Advance estimate; trial mfrs. shipments for Oct. 1970 do not refle ct revisi 3ns
tor selected components. §The term "business" here includes only manufac turing a nd
trade; business inventories as shown on p. S-l cover data for all types of prod ucers, b()th
2,388
4,172
2,189
1,493
'
'
'
'
2, 424
4, 276
2, 166
1, 521
56, 644
2 29, Oil
24,274
2
6,541
2,467
4,136
2,204
1,538
54, 957
229,159
24,460
3,177
3,365
3,231
3,220
3,323
3,189
3,032
3,265
3,178
5,413
5,555
5,570
5,594
5,350
5,567
5,427
5,596
5,418
4, 019
4,042
3,993
3,995
3,783
3,993
3,962
3,719
3,835
26,304
6,538
7,169
7,981
7,361
7,150
7,857
7,484
7,562
7,549
2,850
3,630
4,489
3,738
3,563
4,124
4,328
3,806
3,905
1,151
1,146
1,140
1,184
1,175
1,168
1,205
1,144
1,137
farm a nd nonf<irm. Un adjusted data for manufa cturing iire show Q below and on p. S-6;
tS ee corre sponding notes
those f or whole sale and retail tr ade on pp. S-ll and S- 12.
9Inc udes da ta for
on pp S-4 an d S-7.
tSee (jorresporiding nc te on i). S-12.
items not shovra separ ately.
3,295
5,505
3,655
6,783
3,573
1,170
SUKVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1968
1969
| 1969
Annual
December 1970
Oct.
Nov.
1970
Dec,
Jan.
Feb.
Mar. Apr.
May
Jane
July
Aug. Sept.
Oct.
Nov
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERSf— Continued
Shipments (seas. adj. ) f — Continued
By industry group:
Nondurable goods industries, total 9 mil.$
Food and kindred products
do
Tobacco products
do
Textile mill products
do
Paper and allied products
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products _
do
By market category:
Home goods and apparel
do
Consumer staples .
do
Equipment and defense prod., excl. auto.do
Automotive equipment
do
Construction materials and supplies
do
Other materials and supplies
do
Supplementary series:
Household durables
do
Defense products (old series)
do
Defense products (new series)
do
Producers' capital goods industries ,. .do ...
Inventories, end of year or month: t
Book value (unadjusted) total
Durable goods industries total
Nondurable goods industries, total
do
do
do
1 56, 010
1115,551
i 96, 115
i 54, 048
i 48, 587
1 234, 291
25, 005
8,339
424
1,818
2,285
4,143
2,076
1,522
24, 877
8,330
433
1,771
2,298
4,164
2,132
1,435
24, 937
8,513
434
1,731
2,280
4,114
2, 139
1,370
25, 140
8,510
459
1,784
2,338
4,006
2,241
1,492
25, 340
8,547
428
1,782
2,361
4,237
2,162
1,559
25, 466
8, 759
444
1, 819
2,356
4,244
2,123
1,551
24, 906
8,587
454
1,736
2,326
4,000
2,139
1,441
25, 173
8,541
444
1,740
2,325
4,200
2,156
1,484
25, 800
8,837
417
1,751
2,316
4,168
2,127
1,536
25, 710
8,538
459
1,783
2,418
4,166
2,136
1,598
25, 426 ' 25, 612
8,547 ' 8, 750
445
M71
1,691 ' 1, 752
2,366 r 2, 351
4,184 ' 4, 122
2,165 * 2, 131
1,541 «• 1, 527
25, 573
8,637
482
1,807
2,401
4,052
2,199
1,471
1 57, 935
4,790
1 124, 395 10, 763
1 108, 385 9,376
5, 135
57, 175
54, 130
4,568
1254,697 22, 053
4,557
10, 726
9, 339
4,671
4,614
21, 981
4,620
10, 899
9,201
4, 494
4,555
21,771
4,511
10, 889
9,019
4, 159
4,515
21, 977
4,445
10, 977
9,478
4,355
4,466
21, 892
4,446
11,141
9, 193
4,199
4,440
21, 804
4,424
10, 920
9, 270
4,423
4,326
21, 176
4,585
10, 870
9, 483
4,523
4,452
21, 748
4,889
11, 222
9, 079
4,789
4,554
21, 905
4,816
10, 918
9,345
4,966
4,643
22, 337
4,608 r 4, 759
10, 922 ' 11,143
9, 481 r 9, 393
5,084 r 4, 247
4,627 ' 4, 716
21, 974 r 22,217
4,717
11,074
9,488
3,401
4,579
21, 698
i 24, 915
i 46, 201
123,915
i 68, 757
26,951
50, 144
24, 511
75, 694
2,225
4,351
2,089
6,417
2,082
4,457
2,199
6,381
2,078
4,476
2,259
6,275
1,996
3,959
1,792
6,346
2,028
4,328
1,924
6,554
2,046
4,292
1, 943
6, 379
2,061
4,515
2,010
6, 252
2,143
4,255
2,003
6,697
2,197
4,097
2,130
6,446
2,099
4,192
2,048
6,727
88, 239
57, 034
31, 205
95, 475
63, 106
32, 369
94, 118
62, 173
31, 945
94, 755
62, 570
32, 185
95, 475
63, 106
32, 369
96, 271
63, 702
32, 569
97, 181
64, 244
32, 937
97, 504
64, 599
32, 905
98, 588
65, 285
33, 303
98, 625
65, 222
33, 403
98, 073
64, 779
33, 294
97, 921
64, 838
33, 083
2,005
4, 291
2,112
6,687
T
r
2, 085 2 2, 087
4, 524 2 4, 171
'r 2, 184 2 2, 051
' 6, 630 6, 423 2 6, 757
r 2, 104
r 4, 269
r 2, 121
98, 145 ' 97,807
65, 141 r 64,827
33, 004 r 32,980
98, 308
65, 052
33, 256
do
88, 567
95, 931
94, 964
95, 474
95, 931
96, 200
96, 652
96, 982
97, 791
97, 635
97, 706
98, 260
98, 488 ' 98,658
99, 229
do
do
do
do
57, 399
2,210
7,535
4,028
63,547
2,472
8,033
4,300
62, 704
2,473
7,975
4,272
63, 089
2,478
8,013
4,285
63, 547
9 472
ii 033
4,300
63, 909
2,492
8, 114
4,265
63, 977
2,527
8,124
4,251
64, 263
2,535
8,254
4,358
64, 689
2,574
8,544
4,571
64, 447
2,573
8,609
4,589
64, 395
2,558
8,598
4,608
65, 079
2,587
8,641
4,658
65, 290 r 65,323
2,626 r 2, 658
8,738 r 8, 734
4,726 ' 4, 669
65, 643
2,698
8,868
4,757
Fabricated metal products
do
Machinery, except electrical
do
Electrical machinery
do
Transportation equipment
do
Motor vehicles and parts
do
Instruments and related products ._ do
6,273
11, 332
8,575
13, 960
4,273
2,170
6,598
13 216
9, 373
15, 584
4,173
2,460
6,443
12, 949
9, 280
15, 376
4,067
2,436
6,511
13,110
9, 315
15,431
4,087
2,447
6,598
13, 216
9,373
15, 584
4,173
2,460
6,695
13, 267
9, 404
15, 665
4,210
2,475
6,708
13, 345
9,493
15, 522
4,167
2,509
6,745
13, 447
9,551
15, 515
4,128
2,583
6,702
13, 572
9,587
15, 442
4,115
2,637
6,648
13, 618
9, 454
15, 309
4,040
2,681
6,633
13, 703
9,521
15, 190
3,977
2,674
6,697
13, 876
9, 690
15, 339
4,036
2,685
6,801 r 6, 877
13, 861 r 13,850
9,676 >• 9, 720
15, 262 ' 15,185
3, 993 * 3, 901
2,680 ' 2, 690
6,867
13, 962
9,784
15, 184
4,033
2,663
By stage of fabrication:
Materials and supplies 9
do
Primary metals
do
Machinery (elec. and nonelec ~) do
Transportation equipment
do
16, 634
2, 791
4,829
3,403
17, 606
2,828
5,571
3,295
17, 101
2,798
5,386
3,076
17,217
2,790
5,460
3,106
17, 606
2,828
5,571
3,295
17,418
2,904
5,259
3,263
17, 702
2,939
5,544
3,204
17, 698
3,012
5,540
3,148
17, 570
3,027
5,565
3,117
17, 447
3,034
5,537
3,087
17, 438
3,046
5,608
3,029
17, 470
3,035
5,592
3,081
17, 621 ' 17,652 17, 759
3,167
3,091 ' 3, 108
5,603 ' 5, 600 5,589
3,109
3,096 r 3, 056
Work in process 9
do
Primary metals .
do
Machinery (elec and nonelec ) do
Transportation equipment. _. _. do..
26, 327
2 5?9
9, 491
9 192
29, 790
2 759
10, 733
10, 717
29, 552
2,732
10, 584
10, 740
29, 693
2,758
10, 693
10, 753
29, 790
2,759
10, 733
10,717
29, 584
2,824
10, 388
10, 857
29, 965
2,741
10, 824
10, 788
30, 060
2,762
10, 875
10, 826
30, 309
2,891
10, 946
10, 783
30, 308
2, 939
10, 940
10, 709
30, 263
2,921
10, 984
10, 641
30, 605
2,939
11,127
10, 717
30, 555 r 30,539
2,940 ' 2, 955
11,055 ' 11,042
10, 649 ' 10,669
30, 558
2,976
11, 132
10, 589
Finished goods 9
_ _
Primary metals
Machinery (elec and nonelec )
Transportation equipment
do
do
do
do
14, 438
2, 215
5,587
1,365
16, 151
2,446
6,285
1,572
16,051
2,445
6,259
1,560
16, 179
2,465
6,272
1,572
16, 151
2,446
6,285
1,572
16, 907
2,386
7,024
1,545
16, 310
2,444
6,470
1,530
16, 505
2,480
6,583
1,541
16,810
2,626
6,648
1,542
16, 692
2,636
6,595
1,513
16, 694
2,631
6,632
1,520
17, 004
2,667
6,847
1,541
17, 114
2,707
6,879
1,517
17, 326
2,725
7,025
1,486
Nondurable goods industries, total 9. .do
Food and kindred products
do
Tobacco products
do
Textile mill products
do
Paper and allied products
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products
do
By stage of fabrication:
Materials and supplies
do
Work in process
_
do
Finished goods
do
31, 168
7,370
2,257
3,559
2, 394
5,931
2,102
1,799
32, 384
7,240
2,198
3,525
2,644
6,625
2,255
1,886
32, 260
7,277
2,249
3,543
2,577
6,525
2,141
1,881
32, 385
7,295
2,238
3,502
2,618
6,581
2,185
1,869
32, 384
7,240
2,198
3,525
2,644
6,625
2,255
1,886
32, 291
7,240
2,170
3,456
2,671
6,557
2,313
1,913
32, 675
7,451
2,150
3,439
2,682
6,612
2,328
1,946
32, 719
7,487
2,159
3,423
2,686
6,640
2,345
1,958
33, 102
7,579
2,165
3,427
2,713
6,704
2,374
1,948
33, 188
7,581
2,142
3,431
2,697
6,798
2,414
1,920
33, 311
7,563
2,142
3,380
2,738
6,895
2,446
1,915
33, 181
7,457
2,145
3,383
2,754
6,921
2,380
1,930
33, 198 ' 33,335 33, 586
7,432
7,336 ' 7, 376
2,185
2,171 r 2, 16S
3,399
3,381 •• 3, 338
2,758 ' 2, 762 2,755
7,077
6,943 r 7, 015
2,422 ' 2, 417 2,440
1,938
1,908 ' 1, 935
11,617
4,834
14, 717
11,821
5,072
15, 491
11, 997
5,078
15, 185
11,966
5,076
15, 343
11,821
5,072
15,491
11,647
5,076
15, 568
11,818
5,013
15, 844
11,936
4,958
15,825
11,950
4,993
16, 159
11,921
5.013
16, 254
11,910
5,002
16, 399
11,849
4,977
16, 355
11, 856 ' 11,877 12, 065
4,955
4,896 '4,887
16, 446 ' 16,571 16, 566
9,461
11. 790
22, 178
5,218
7,393
32, 527
9,924
12, 102
25, 862
5,299
7, 980
34, 764
9,949
12,119
25, 387
5,181
7, 901
34, 427
9,947
12, 162
25,612
5,193
7, 948
34, 612
9,924
12, 102
25, 862
5,299
7,980
34, 764
9,895
12, 126
25, 953
5,337
7,979
34, 910
9,896
12,374
25, 925
5,299
8,005
35, 153
9,845
12, 438
26, 003
5,255
8,006
35,435
9,930
12, 565
26, 185
5,245
8,035
35, 831
9,847
12, 554
26, 119
5,161
8,016
35, 938
9,813
12, 587
26, 241
5,094
8,026
35, 945
9,892
12, 465
26, 613
5,181
8,086
36, 023
10, 037 r 10,040
12,415 r 12,497
26, 456 r 26,472
5,136 ' 5, 045
8,173 r 8, 246
36, 271 r 36,358
4,645
11,485
7,112
14, 070
5,097
13, 173
7,459
16, 353
5,104
12, 973
7,730
16, 151
5,114
13, 036
7,602
16, 289
5,097
13, 173
7,459
16, 353
5,142
13, 150
7,498
16, 449
5,153
13, 044
7,294
16, 582
5,169
13,015
7,326
16, 715
5,169
12, 941
7,359
16,911
5,050
12, 872
7,189
16, 898
5,018
12, 816
7,104
17, 026
5,108
12, 906
7,143
17,285
5,179
5,159 r 5, 159
12, 761 r 12,710 12, 450
7,056 ' 6, 986 6,805
17, 337 ' 17,418 17, 625
New orders, net (not seas, adj.), totalf... . do
Durable goods industries, total
do
Nondurable goods industries, total
" "do
608, 038
335, 301
970 737
659, 191
367, 482
291, 709
58, 049
32, 056
25, 993
55, 372
30, 430
24, 942
53, 549
29, 740
23, 809
51,356
27, 766
23, 590
55, 941
30, 422
25, 519
56, 352
30, 412
25, 940
54,802
29, 594
25, 208
54, 909
29, 825
25, 084
58, 582
32, 147
26, 435
52, 422
28, 171
24, 251
53, 841 r 57,977" 55, 798
28, 152 r 31,166 '28,936 228,408
25, 689 ' 26,811 26, 713
New orders, net (seas, adj.), total t
By industry group:
Durable goods industries, total 9
Primary metals
Blast furnaces, steel mills
1 608, 038 1659,191
Book value (seasonally adjusted), total t
By industry group:
Durable goods industries total 9
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills
By market category:
Home goods and apparel
do
Consumer staples
do
Equip, and defense prod., excl. auto.. ..do
Automotive equipment—
do
Construction materials and supplies
do
Other materials and supplies
do
Supplementary series:
Household durables
do
Defense products (old series).
do
Defense products (new series) .
do
Producers' capital goods industries
do
r 17,132
r 2, 671
' 6, 928
' 1, 460
56, 430
55, 912
55, 138
54,119
54, 714
54,339
53, 374
55, 139
55, 778
57,111
55, 968 ' 55,523
367, 482
58, 491
27, 281
31, 436
5,196
2,498
31, 048
4,755
2,129
30, 209
4,661
1,981
29, 046
4,658
1,963
29, 368
4,309
1,813
28, 861
4,547
1,948
28, 449
4,739
2,036
29, 977
4,874
2,234
30, 028
4,932
2,302
31, 399
4,894
2,387
30, 537 r 29,856
4,842 r 4, 709
2,310 r 2, 253
37, 736
66, 966
47, 030
89, 418
30, 952
3,288
5,596
4,125
7,636
2,618
3,187
5,473
3,752
8,215
3,171
3,389
5,570
4,126
6,916
2,509
3,010
5,408
3,891
6,460
2,193
3,205
5,544
3,794
7,040
2,572
3,238
5,149
3,726
6,660
2,700
2,943
5,287
3,705
6,386
2,048
3,391
5,468
4,052
6,830
2,597
3,509
5,172
3,722
7,304
2,384
3,220
5,401
4,113
8,076
3,047
Nondurable goods industries, total
do
27? 737 291, 709 24, 994 24, 864 24, 929
Industries with unfilled orders©
do
74, 347
80, 276
6,859
6,804
6,761
Industries without unfilled orders^
do
198, 390 211,433 18, 135 18, 060 18, 168
T
Revised.
i Based on data not seasonally adjusted.
2 Advance estimate total m frs.
new orders for Oct. 1970 do not reflect revisions for se lected coniponents.
t See correspo ndmg note on p. S-7.
9 Includes data for items not shown sep>arately.
© Inc udes tex tile
null products, leather and products, paper and alliecI products , and prirj ting and publish ing
25, 073
6,815
18, 258
25, 346
6,923
18, 423
25, 478
6,900
18, 578
24, 925
6,869
18, 056
25, 162
6,810
18, 352
25, 750
6,925
18, 825
25, 712
7,129
18, 583
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Aircraft, missiles, and parts
do
do
335, 301
do
49, 791
do...] 24, 379
do
do
do
do
do
35, 275
58, 281
43, 215
86, 789
31,515
3,304
5,367
3,921
7,559
2,677
10, 103
12, 593
26, 443
5,196
8,320
36, 574
54, 369
r
28, 504 229,195
' 4, 348 2 4, 573
1,962
3,330
r 3, 524
' 5, 346 5,344
r3,606 r 4,001
6, 062
r 7, 026
' 2, 409 2,309
25, 431 r 25,667
6,861 r 6, 952
18, 570 r 18,715
2 6, 081
25, 707
7,187
18, 520
indust ries; unfi lied orders for oth er nondiirable go ods indu stries are zero,
IfFoi * these iridustries (food an d kindred producits, toba(?co prodiicts, app arel and related
produc ts, petro leum anc coal pro ducts, ch emicals £md alliecI product s,andru t>ber and plasti<
produc,ts) sales are cons dered eq ual to ne w orders
SURVEY OF CURRENT BUSINESS
December 1970
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1968
1969
1969
Annual
S-7
Oct.
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
4,635
10, 936
8,966
4,981
4,743
21, 707
Sept.
Oct.
- 4, 751
4,696
11,093
9, 379
3,365
4, 681
21, 155
Nov.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERSf— Continued
New orders, net (seas, ad j.)f— Continued
By market category:
Home goods and apparel
mil $
Consumer staples
do
Equip, and defense prod., excl. auto
do
Automotive equipment
do
Construction materials and supplies
do
Other materials and supplies
_ ..do. _.
Supplementary series:
Household durables
do
Defense products (old series)
do
Defense products (new series)
do
Producers' capital goods industries
do
2 57, 779
2 124, 360
2 109, 426
2 57, 315
2 54, 710
2255,601
4,741
10, 766
8,975
5,061
4,628
22, 259
4,504
10, 725
9,909
4,683
4,616
21, 475
4,632
10, 898
9,310
4,453
4,589
21, 256
4,497
10, 885
9,125
4,101
4,202
21, 309
4,405
10, 976
9,431
4,271
4,442
21, 189
4,502
11,141
8,551
4,110
4,453
21, 582
4,397
10, 920
8,262
4,404
4,262
21, 129
4,553
10, 867
9,074
4, 334
4,620
21, 691
4,843
11, 215
8,438
4,748
4,657
21, 877
4,753
10,915
9,804
4,980
4,498
22, 161
2 26, 811
2 47, 317
2 23, 118
2 69, 647 2 78, 640
2,183
4,183
1,893
6,349
2,032
4,499
2,347
6,744
2,079
4,092
1,926
6,536
1, 987
3,648
1,901
6,542
1,986
4,018
1,744
6,627
2,106
3,985
1,579
5,998
2,026
3,425
1,381
5,984
2,124
4,083
1,893
6,302
2,163
3,511
1,850
6,281
2,041
4,773
3,067
6,411
85, 938
82, 946
2,992
88, 412
85, 445
2,967
89, 415
86, 410
3,005
88, 859
85, 854
3,005
88, 412
85, 445
2,967
88, 146
85, 258
2,888
87, 765
84, 827
2,938
86, 944
83, 991
2,953
86, 100
83, 086
3,014
84, 653
81, 612
3,041
83, 902
80, 921
2,981
84, 182
81,205
2,977
83, 200 r 82, 747 81,897
80, 270 '79,776 - 78, 664 178,064
2,930 r 2, 971 3,085
Unfilled orders, end of year or month (seasonally
86, 718
adjusted), totalf
mil. $
By industry group:
83, 665
Durable goods industries, total 9
do
Primary metals .
_ _ _ _ _ _ _ _ d o . _ _ 6,274
3,081
Blast furnaces steel mills
do
89, 221
89, 599
89, 623
89, 221
88, 270
87, 371
86, 487
85, 322
84, 797
84, 146
84, 229
83, 492 -82,544
86, 206
7,657
3,896
86, 563
8,327
4,558
86, 600
8,018
4,295
86, 206
7,657
3,896
85, 322
7,235
3,446
84, 417
6,805
3,125
83, 521
6,660
3,036
82, 337
6,973
3,292
81, 824
7,061
3,427
81, 221
7,159
3,527
81, 301
7,162
3,656
80, 561 - 79, 559 - 78, 693 178,725
7,066 - 6, 726 - 6, 481 i 6, 594
3,678 - 3, 509 3,406
9 969
14, 746
13, 110
33, 655
26, 939
10, 684
17, 202
13, 406
31, 570
24, 293
10, 561
16, 883
13, 071
31, 987
24, 822
10, 544
16, 933
13, 003
32, 359
24, 887
10, 684
17, 202
13, 406
31, 570
24, 293
10, 399
17, 105
13, 642
31, 247
23, 891
10, 384
17, 055
13, 653
30, 926
23, 503
10, 433
16, 777
13, 660
30, 436
23, 256
10, 344
16, 714
13, 530
29, 273
22, 201
10, 556
16, 586
13, 587
28, 619
21, 943
10, 802
16, 344
13, 350
28, 359
21, 599
10, 699
16, 176
13,468
28, 578
21, 850
10, 773
15, 972
13, 394
28, 154
21, 696
3,053
3,015
3,036
3,023
3,015
2,948
2,954
2,966
2,985
2,973
2,925
2,928
2,931 - 2, 985
3,119
do
do
do
do
2,209
47, 078
10, 175
27, 256
2,014
48, 253
10, 767
28, 187
2,057
47, 603
10, 731
29, 208
2,003
48, 185
10, 733
28, 702
2,014
48, 253
10, 767
28, 187
1,996
48, 301
10, 454
27, 519
1,955
48, 170
10, 430
26, 816
2,011
47, 439
10, 443
26, 594
1,984
46, 412
10, 379
26, 547
1,949
45, 812
10, 546
26, 490
1,899
45, 133
10, 648
26, 486
1,827
45, 607
10, 504
26, 291
1,869 r 1, 864
44, 987 -44,516
10, 621 - 10, 845
26, 015 -25,319
1,861
44, 370
10, 947
24, 775
do. ._
do,. _
do
do
1,775
33, 091
21, 775
22, 023
1,633
30,246
20, 372
24, 993
1,682
30, 588
20, 557
24, 369
1,632
30, 630
20, 705
24, 732
1,633
30, 246
20, 372
24, 993
1,624
29, 935
20, 481
25, 189
1,582
29, 625
20, 301
25, 262
1,642
29, 318
19, 937
24, 881
1,607
28, 228
19, 308
24,613
1,589
28, 054
19, 198
24, 221
1,557
27, 468
18, 917
24, 059
1,495
28, 049
19, 936
23, 742
1,521 - 1,525 - 1, 455 1 1, 485
27, 814 -27,028 -26,456 126,087
19, 670 - 19, 554 -19,496 U9,430
23, 351 -23,480 -23,611 124,015
233, 635
274, 267
25, 059
24, 046
19, 109
23, 308
22, 849
22, 137
24,407
22,072
21, 796
23, 249
22, 901
21, 091
23, 706
21,876
21, 952
22,401
23, 422
22, 276
22, 831
22,264
20, 241 ^21,593
22, 078 ^23, 126
9,636
1,106
1,670
1,513
4,366
981
9,154
1,159
1,590
1,493
4,070
842
815
90
145
136
350
94
759
115
134
131
313
66
748
87
105
146
351
59
734
84
1H
140
342
54
817
84
155
164
335
79
921
113
153
180
394
81
992
137
174
167
419
95
891
109
164
145
388
85
912
143
132
157
396
84
916
126
123
191
398
78
Unfilled orders, end of year or month (unadjusted),
total
mil $
Durable goods industries, total
do
Nondur. goods ind. with unfilled orders® do
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment _
Aircraft missiles and parts
do
do
do
do.
do
_
Nondur. goods ind. with unfilled orders©. .do
By market category:
Home goods, apparel, consumer staples
Equip and defense prod incl auto
Construction materials and supplies
Other materials and supplies
Supplementary series:
Household durables
_ _
Defense products (old series)
Defense products (new series)
Producers' capital goods industries
2 56, 060
2115,595
2 98, 601
2 54, 553
2
49, 516
2233,713
2 25, 004
2 47, 412
-11,146
- 8, 983
- 4, 184
- 4, 941
- 21, 518
2,030 - 2, 107
4,056 - 3, 482
1,846 - 2, 005
6,299 r 6, 759
- 2, 015 1 2, 118
- 3, 954 1i 3, 802
- 2, 125 1 1, 985
- 6, 552
7, 162
81, 953
11, 083
'10,931
r
15, 763 15, 695
- 12, 960 12, 939
- 28, 013 -27,537 127,314
'21,302 20, 587
BUSINESS INCORPORATIONS^
New incorporations (50 States and Dist. Col.):
Unadjusted
number
Seasonally adjusted
do
INDUSTRIAL AND COMMERCIAL
FAILURESd*
Failures, total
number
Commercial service
do
Construction
do
Manufacturing and mining
do
Retail trade
do
Wholesale trade
do
Liabilities (current), total.
Commercial service
Construction
Retail trade
Wholesale trade
thous. $ _ 940, 996 1,142,113 116, 443 127, 138
7,938
do
87, 289 126, 537 13, 696
do
212, 459 171,717 21, 151 13, 033
291, 700 406, 450 28, 532 42, 799
do
220, 223 265, 122 34, 647 21, 192
129, 325 172,287 18, 417 42, 176
.do
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns..
»38.6
237.3
39.5
40.9
910
131
160
157
382
80
906
111
118
199
391
87
941
114
149
185
419
74
96, 849 137,282 139,388 120,021 131, 898 147, 888 170, 498 251, 920 169, 587 232, 940 144, 773
7,770
7,679 21, 137
9,289 16, 680 29, 155 63, 931 55, 678 19, 950
18, 505 37, 608
6,968 20, 835 36, 504 13, 258 17, 978 19, 306 21, 229 29, 049 15, 169 15, 044 14, 109
39, 162 42,260 66, 589 46, 399 39, 958 83, 118 93, 485 144, 516 44, 034 91,431 67, 607
21, 800 24,979 21, 655 30, 333 32, 972 23,774 29, 232 30, 134 27, 434 54, 970 29, 410
6,870 22, 352 19,853 12,401 9,872 19, 066 19, 019 15,817 13, 697
10, 414 11, 600
38.2
33.7
39.4
40.1
43.7
42.1
43.4
46.8
47.4
50.0
45.9
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS
1910-14=100..
do
do
do
. d o
do "
do
do
do
. do
do
do
261
229
302
192
159
160
316
567
288
318
346
142
275
220
298
173
166
154
252
594
323
331
400
162
277
215
294
183
165
157
228
612
329
351
402
163
282
221
362
180
162
158
221
601
334
355
398
186
284
215
318
169
164
159
216
603
343
354
410
200
287
217
336
161
168
158
207
600
346
351
420
197
289
221
333
171
169
159
215
603
348
344
436
181
289
221
329
175
167
157
217
603
346
336
442
170
281
220
301
180
167
161
203
603
334
334
429
147
282
233
380
187
171
160
228
603
324
329
418
133
281
232
316
189
173
153
261
603
323
323
421
132
286
235
290
191
174
151
276
603
330
331
423
148
276
226
265
191
176
161
246
608
319
339
403
137
281
235
306
185
190
170
273
610
320
350
391
153
274
229
261
193
187
173
251
590
313
359
379
136
270
231
284
187
184
175
247
605
304
366
352
145
Prices paid:
All commodities and services
do
Family living items
do
Production items
. do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14=100..
310
335
292
324
351
304
326
355
305
327
356
306
328
357
307
330
360
309
333
362
312
332
362
311
334
364
313
334
365
312
335
366
313
335
366
313
335
367
312
339
369
317
340
369
319
340
371
319
355
373
377
378
378
Prices received, all farm products^
Crops9
Commercial vegetables
Cotton
Feed grains and hay
Food grains
Fruit
Tobacco
Livestock and products 9 ...
Dairy products
Meat animals
_
Poultry and eggs
Parity ratio §
_
do
73
75
73
74
75
•• Revised.
* Preliminary.
i Advance estimate; 2 total mfrs. unfilled orders for Oct.
W70 do not reflect revisions for selected components.
Based on unadjusted data.
fReyised back to 1961 to reflect revisions in the mfrs.' sales and inventories series and the retail
inventories series. Data for mfrs.' sales, invent., and orders have been revised back to 1961
• re,r!ict new seas - factors and the introduction of a small number of other corrections. Revised data back to 1961, new seas, factors, and other technical data appear in a special Census
395
394
392
389
389
390
388
388
386
385
70
68
72
71
74
73
72
72
75
75
75
Bureau report entitled Mfrs.' Shipments, Inventories, and Orders: 1961-1970, Series M3-1.2
(available from the U.S. Government Printing Office, Wash., D.C., 20402; price $1.00).
0 See corresponding note on p. S-6.
9 Includes data for items not shown separately,
cf Compiled by Dun & Bradstreet, Inc. (failures data are for 48 States and Dist. Col.)
§ Ratio of prices received to prices paid (parity index).
J Revisions back to Jan. 1966
are available from the Dept. of Agriculture, Statistical Reporting Service.
383
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS
1968
1969
1969
Annual
December 1970
Oct.
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June i July
Aug.
Sept.
Oct.
Nov.
COMMODITY PRICES—Continued
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Unadjusted Indexes:
All items
Special group indexes:
A l l items less shelter .
All items less food
All items less medical care
1957-59=100.
121.2
127.7
129.8
130.5
131.3
131.8
132.5
133.2
134.0
134.6
135. 2
135.7
136.0
136.6
137.4
. ..do
do__ .
do
120.6
121.9
119.7
126.3
128.6
126.1
128.1
130.8
128.2
128.6
131.4
128.9
129.5
131.9
129.7
129.8
132.3
130.1
130.3
133.0
130.8
130.7
133.8
131.5
131.5
134.8
132.2
132.1
135.5
132.9
132.6
136.1
133.4
133.0
136.6
133.9
133.2
136.9
134.2
133.7
137.8
134.8
134.4
138.9
135 6
do
do _
do...
do
do
do
do
115.3
118.4
117.7
107.5
113.2
134.3
138.6
120.5
124.1
123.0
111.6
118.0
143.7
149.2
122.4
126.1
125.1
113.2
119.8
146.5
152.3
122.9
126.7
125.5
113.5
120.2
147.2
153.1
123.6
127.7
125.7
113.6
120.3
148.3
154.3
123.7
127.8
125.2
113.7
120.1
149.6
155.8
124.2
128.4
125.8
113.7
120.4
150.7
157.1
124.5
128.7
126.1
114.1
120.8
152.3
158.9
125.2
129.3
127.0
114 8
121.6
153.4
160.1
125.8
129.8
127.5
115.9
122.3
154.1
161.0
126.2
130.0
127.7
116.7
122.8
155.0
161.9
126.5
130.4
127.8
116.9
122.9
155.8
162.8
126.6
130.5
127.8
117 0
123 0
156.7
163.8
127.0
131.0
129.1
117.3
123.8
157.7
164.9
127 7
131 3
129 9
118 8
125 0
158 5
165 8
119.3
113.7
120.6
126.8
119.1
123.6
115.1
127.0
110.4
115.1
109.5
113.0
120.1
119.6
117.3
100.8
127.2
127.6
125.8
124.0
129.2
137.0
120.1
143.6
113.5
118.4
112.2
119.3
129.8
125.7
122.8
104.2
125.8
150.3
138.6
156.9
127.3
132.0
128.1
127.2
126.3
127.0
129.8
137.7
120.5
144.5
114.2
118.9
113.2
119.6
130.7
125.6
122.7
105.1
124.9
151.1
139.1
157.4
127.8
132.3
129.9
127.2
127.6
132.1
130.5
138.5
121.0
145.4
114.6
119.2
113.7
120.0
130.8
126.4
123.4
104.9
123.9
153.0
139.6
158.1
128.1
132.7
130.7
128.8
128.4
130.9
131.1
139.6
121.3
146.8
114.6
119.7
114.1
120.1
129.3
127.3
123.3
104.7
120.7
165.1
140.1
159.0
128.5
133.1
131.5
129.7
128.8
132.4
132.2
140.9
121.8
148.5
114.9
120.6
114.6
120.8
130.0
127.3
123.3
104.6
117 8
165 4
140.7
160.1
129.0
133.2
131.6
130.2
129.4
133.1
133.6
142.8
122.3
150.9
115.6
120.8
114.8
121.6
130.6
127 1
123 0
104.4
117 6
165 8
141 4
161 6
129.6
133.6
132.0
130.9
129 5
134 7
134.4
143 7
122 6
152 1
116 3
120 9
115 7
122 0
131 1
128 9
124 9
104 3
121 1
165 8
142 3
162 8
129 8
134.4
132.4
130.5
129.9
136.8
135.1
144.7
123.0
153.3
116.4
121.0
115.8
122.5
131.9
129.9
125.9
104. 1
127.5
166.6
142.9
163.6
130.3
135.2
132.7
130.2
130.2
139.4
135.6
145 6
123.4
154.4
116 2
121.2
115 3
122 8
132 2
130 6
126 7
103 8
132 0
167 8
143 7
164 7
130 2
136.1
133.4
130.8
130.6
137.5
136.2
146 2
123.8
155.0
117.2
122.3
115 7
123 0
131.4
131 4
127 2
103 7
131 8
170 8
144 3
165 8
130 6
136.6
133 5
131.0
130 8
135 0
137 0
147 2
124 2
156 2
117 7
122 9
116 4
123 2
131 5
130 6
126 4
103 5
129 2
171 0
145 1
166 8
131 3
137. 1
133.3
130.1
131 3
131.0
137.8
148 4
124 6
157 8
118 2
124 3
116 8
123 6
133 6
131 0
126 6
103 1
127 4
173 3
145 7
167 6*
131 7
137.7
133 0
129 1
132 0
129 3
138 5
149 1
125 2
158 6
119 0
125 5
118 0
123 9
134 8
133 5
129 2
108 7
138.2
130.0
145.0
120.3
125.7
125. 5
123.2
124.5
128.4
126.7
133.6
118.8
139.4
112.9
117.8
111.5
117.9
127.1
124.2
121.3
102.4
125.3
148.9
136.6
155.0
126.2
130.5
195.7
192.8
197.8
i 108. 1
i 103. 1
i 111.8
111.3
105.4
115.6
111.9
106.8
115.6
112.3
105.6
117.2
113.8
106.2
119.4
114.3
106.6
120.0
114.6
108.4
119.2
114.0
107.5
118.7
112.7
105.4
118.0
111.5
106.2
115.3
110.6
107.6
112.8
110.6
109.2
111.6
109.8
108.2
110.9
108.7
107.0
109.9
107.0
103.9
109.2
' 108. 8
113.0
114.0
114.7
115.1
116.0
116.4
116.6
116.6
116.8
117.0
117.7
117.2
117.8
117.8
117.7
114.2
114.8
119.0
117.4
123.5
113.4
115.3
118.6
116.8
123.7
112.8
115.7
118. 7
117.0
124.0
113.0
115.9
119.0
117.3
124.2
113.8
116.4
119.7
118.0
124.6
110.9
116.6
119.1
117.2
124.9
112.5
116.8
119.9
118.1
125.3
110.9
117.1
120.0
117.8
127.0
108.3
117.1
120.5
118.2
127.5
121.6
114.8
118.0
121.5
114.5
121.7
113.9
118.0
121.6
114.4
121.9
114.8
118.2
121.8
114.6
123.0
114.0
118.6
123.0
114.4
122.9
113.9
118.7
123.0
114.4
.
Commodities
Nondurables
Nondurables less food
Durables?
Commodities less food
Services
Services less rent .
- - -
Food 9
-do .
Meats, poultry, and
fish
_
_
do
Dairy products
do
Fruits and vegetables
_
_ _do_ _.
Housing
_
do
Shelter 9
do
Rent
do _
Homeownership
- -_do_ _
Fuel and utilities 9
_ _ . _ _ _ do. _ _
Fuel oil and coal
do
Gas and electricity
do
Household furnishings and operation, do. _ _
Apparel and upkeep
.
-do _ _ .
Transportation
do _
Private
_ _ _do_ __
New cars
... .
..do
Used cars
do
Public
-. do
Health and recreation 9
._
__ . do. _
Medical care
-- do. _.
Personal care
do
Reading and recreation
do
mq
173 5
146 3
167 9
132 1
138 4
WHOLESALE PRICES a1
(U.S. Department of Labor Indexes)
Spot market prices, basic commodities:
22 Commodities
1957-59=100
9 Foodstuffs
-_do
13 Raw industrials
do
All commodities ©
By stage of processing:
Crude materials for further processing
Intermediate materials, supplies, etc
Finished goodsO
Consumer finished goods _
.
Producer finished goods
By durability of product:
Durable goods
Nondurable goods
Total manufactures..
_ _
Durable manufactures
Nondurable manufactures
do
r 101. 2
do
108.0
do
111.3
do
do . . r 109.9
115. 5
do
107.9
111.8
115.3
114.0
119.3
108.7
112.8
116.5
115.1
120.8
109.0
113.1
117.6
116.2
121.5
109.9
113.5
118.0
116.5
122.3
110.7
114.4
118.8
117.3
122.9
113.0
114.7
118.8
117.3
123.1
•• 109. 5
r 112. 1
106.9
111.8
106.5
116.6
110.3
113.3
116.6
110.1
117.9
111.2
114.6
117.9
111.4
118.4
111.9
114.9
118.3
111.6
119.0
112.4
115.3
118.8
111.9
119.6
113.4
'116. 1
119.4
113.0
120.0
113.9
116.4
119.7
113.2
120.5
113.9
116.6
120.1
113.2
120.9
113.6
116.9
120.5
113.4
121.3
113. 6
117. 1
121.0
113.4
121.5
113.8
117.4
121.3
113.6
_ .. _.do
do
do do
do _
r 107. 7
113.5
114.3
115.7
116.4
118.2
118.7
118.8
117.6
117.0
117.5
119.3
117.0
118.5
116.0
115.6
Farm products 9
do
Fruits and vegetables, fresh and dried -do
Grains.
do
Live poultry
do
Livestock
_ __ _ _ d o
102.2
' 108. 3
81.9
84.9
104.8
108.5
111.0
83.3
89.8
118.3
107.9
101.3
84.8
85.3
118.7
111.1
125.3
81.7
86.3
116.6
111.7
112.4
82.9
86.9
120.2
112.5
116.6
85.9
94.8
117.3
113.7
117.2
85.9
87.1
124.9
114.3
118.2
85.5
90.8
129.6
111.3
112.7
87.8
82.8
124.8
111.0
123.5
88.4
83.7
122.2
111.3
122.2
89.2
77.9
123.0
113.1
112.6
89.2
81.9
126.2
108.2
99.6
89.2
77.5
118.6
111.8
113.4
100.5
81.7
114.9
107.5
102.4
96.0
76.5
111.8
106.5
109.4
96.1
78.0
102.3
Foods and feeds, processed 9 __
Beverages and beverage materials
Cereal and bakery products.
Dairy products
Fruits and vegetables, processed
Meats, poultry, and fish . _
' 114. 2
127.7
' 114. 2
108.3
119.8
112.9
120.2
131.9
115.7
119.5
121.6
115.0
121.2
130.7
116.0
120.2
121.8
116.0
121.9
131.2
116.3
120.5
122.6
116.1
122.0
133.9
116.4
121.9
125.1
117.4
122.3
133.9
116.9
125.8
125.2
118.3
123.3
134.1
117.3
124.9
124.9
118.4
123.7
133.1
116.5
127.1
124.9
118.8
124.6
135.1
117.5
124.9
124.1
120.3
124.6
135.4
118.1
122.5
124.8
120.3
124.6
135.4
118.5
123.7
126.6
120.4
125.8
135.7
118.9
126.3
126.1
121.1
126.5
136.2
119.6
122.5
126.2
121.5
127.9
135.8
120.1
120.9
124.9
121.9
128.7
136 5
119.1
116.4
124.8
122.2
129.5
136.8
119.6
114.2
109.0
112.7
113.8
114.2
114.6
115.1
115.5
115.8
116.2
116.6
116.7
116.9
117.1
117.4
118.3
118.3
100.4
92.4
97.9
94.7
107.6
122.8
100.6
91.7
98.2
94.7
106.8
122.8
100.5
91.8
98.0
94.8
108.1
122.8
100.9
91.0
98.8
95.0
107.7
122.8
101.1
91.6
98.6
95.5
112.0
122.8
100.9
92.2
98.7
94.8
104.0
122.8
101.4
92.7
98.9
95.1
117 4
123 2
101.6
92.7
98.9
95.5
123.2
123.2
Farm prod., processed foods and feeds
Industrial commodities ..
Chemicals and allied products 9
Agric. chemicals and chem. prod
Chemicals, industrial...
Drugs and Pharmaceuticals.. _ .
Fats and oils, inedible
Prepared paint
do
do
do
do
do
do .
do
do -.
do
do
do do _ _
do
do _
Fuels and related prod., and power 9
do
Coal.
do
Electric power
Jan. 1958 = 100-Gas fuels
do
Petroleum products, refined
1957-59 =100. .
Furniture and household durables 9
Appliances, household
Furniture, household
Home electronic eauiDment
r 109. 5
r 118. 1
98.2
'99.6
98.4
93.3
73.9
114.6
98.3
89.8
97.7
93.8
88.7
119.2
98.6
86.3
97.6
94.0
98.9
120.3
98.9
86.7
97.8
94.2
100.5
120.3
98.8
86.7
97.8
94.6
92.8
120.3
99.1
87.6
97.9
94.5
95.0
121.7
99.5
91.4
97.7
94.6
94.3
122.0
100.0
92.0
97.3
95.0
102.2
122.8
' 102. 5
' 107. 1
' 101. 6
' 123. 9
100.3
104.6
116.2
102.7
124.5
101.8
105.4
120.6
103.7
128.7
101.6
105.5
123 5
103.4
128 8
101.6
106.1
124 6
103.4
131 8
102.2
105.6
125.4
103.4
132.4
101.0
106.4
131.7
103.6
135.2
101.2
106.3
133.4
103.6
135.0
100.8
107.5
145.9
103.7
136.2
101.3
109.1
146.9
104.2
136.1
104.2
108.6
152.8
104.3
136.3
102.2
108.9
155.5
104.8
137.0
102.4
109.6
157 8
105.5
137 2
103.1
111.0
165 3
106.1
142 9
103.8
112.6
181 0
108.0
143 0
103.8
113.7
181 6
109.0
142 4
105.4
106.1
93.0
122.3
78.2
106.5
93.1
123.3
77.9
106.9
93.6
123.6
77.7
107.2
93.6
123.6
77.8
107.5
94.4
124.3
77.2
107.9
94.4
125.1
77.2
108.1
94.7
125.3
77.2
108.3
94.8
125 6
77.0
108.3
94.9
125 9
77.0
108.6
94.9
126 0
77.0
108.8
94.9
126 3
77.2
108.9
95 1
126 6
77.2
109.0
95.0
126 5
77.2
109.2
95 5
126 6
77.4
109.6
95.7
126 9
77.8
r 103. 9
do
do .. r '91.8
do
117. 3
81.0
do
l
'Revised.
*> Preliminary.
Computed by OBE.
9 Includes data for items not
shown separately.
cfFor actual wholesale prices of individual commodities, see respective
commodities.
(^Monthly data corresponding to revised annuals for 1968 appear in the
June 1970 issue of Wholesale Prices and Price Indexes (available from the Bureau of Labor
Statistics, U.S. Dept. of Labor, Washington, D.C., 20212).
OGoods to users, incl. raw
foods and fuels.
SURVEY OF CURRENT BUSINESS
December 1970
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1968
1969
1969
Oct.
Annual
S-9
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
COMMODITY PRICES—Continued
WHOLESALE PRICESd"—Continued
(U.S. Department of Labor Indexes—Continued.)
All commodities©—Continued
Industrial commodities—Continued
Hides, skins, and leather products 9
1957-59=100.
Footwear
do.._
Hides and skins
do...
Leather
do.._
Lumber and wood products
do...
Lumber
do__.
119.5
128.0
'99.9
112.6
'119.4
' 127.3
125.8
133.2
116.9
119.9
132.0
142.6
127.4
135.2
118.0
120.3
122.6
128.0
126.8
135.5
110.4
119.6
123.9
129.3
126.5
135.0
108.9
119.7
122.5
128.2
126.6
135.9
102.8
119.6
121.6
126.9
126.7
136.9
101.1
117.3
120.2
124.1
126.8
136.9
99.4
118.2
119.5
123.3
128.5
138.4
106.6
120.4
120.1
123.5
127.9
137.8
101.8
120.4
121.0
124.3
127.3
137.9
93.8
119.8
120.2
123.0
127.1
137.9
90.8
119.8
119.6
121.8
127.1
137.9
92.8
118.9
120.2
123.0
127.3
138.8
93.8
116.8
120.4
124.1
127.9
139.0
97.2
118.1
119.2
123.4
128.4
139.0
102.9
118.4
117.9
121.6
do..
do.
do_
do_
do..
'115.4
'127.2
' 130.2
' 103.1
'128.7
119.0
132.8
135.5
104.8
133.4
120.5
133.2
137.7
105.6
135.4
121.0
135.8
138.6
106.0
136.5
121.9
136.4
139.8
106.2
138.0
122.5
136.7
140.2
106.8
138.6
122.8
137.2
140.3
106.9
139.3
123.1
137.1
140.6
107.2
139.8
123.4
137.3
140.8
107.3
140.3
123.7
137.4
140.9
107.5
141.3
124.1
137.1
141.0
108.2
141.7
124.7
137.4
141.2
108.6
142.2
124.8
137.6
141.6
108.8
141.5
125.3
138.4
142.2
109.4
141.5
126.0
139.5
145.0
109.5
141.9
126.5
141.0
146.5
109.8
142.0
do_.
do_.
do_.
__do.
112.4
'95.2
' 105.6
' 125.1
118.9
97.6
111.0
137.4
122.4
98.7
113.7
144.8
122.9
99.3
113.7
146.4
123.8
99.7
113.9
150.1
124.9
99.7
114.6
152.8
126.1
99.9
117.0
152.8
127.0
100.5
117.7
153.4
127.8
101.3
117.3
157.1
128.7
101.7
118.9
157.2
129.1
102.4
120.2
155.0
129.0
103.3
120.4
152.6
128.8
103.4
120.3
151.1
128.7
103.8
120.9
148.4
129.0
104.6
121.6
147.5
128.0
104.6
120.7
144.3
Nonmetallic mineral products 9
do...
Clay prod., structural, excl. refractories
do...
Concrete products
.-do..Gypsum products
do...
Pulp, paper, and allied products.
__do__.
Paper
do...
Rubber and plastics products §.
do...
Tires and tubes
do___
'108.2
112.8
113.8
113.9
114.5
116.5
116.9
117.3
117.8
117.9
'113.3
108.1
'106.5
'104.9
'112.2
'100.2
'98.7
117.0
112.2
106.4
108.2
116.6
102.1
98.2
117.8
113.5
105.9
109.0
116.5
103.5
100.6
118.5
113.6
109.8
109.3
117.0
104.4
101.7
118.5
114.2
104.3
109.5
117.4
104.5
101.7
119.4
115.9
107.3
111.1
120.3
104.7
101.7
119.4
116.4
108.3
111.8
121.5
104.6
101.7
119.8
117.0
107.0
112.1
121.6
104.4
101.7
120.9
117.2
105.6
112.5
121.6
104.2
101.7
Textile products and apparel 9
Apparel
Cotton products
Manmade fiber textile products
Silk yarns
Wool products
' 105.8
' 110. 6
' 105. 2
90.8
183.0
103.7
108.0
114.5
105.2
92.2
169.7
104.6
109.1
116.5
105.8
91.6
183.9
104.5
109.2
116.7
106.0
91.5
184.6
104.6
109.2
116.9
106.1
91.1
191.1
104.3
109.5
117.2
106.1
91.5
193.5
104.3
109.4
117.5
106.1
91.0
196.3
104.3
109.5
117.9
105.8
90.4
194.2
104.4
' 105.1
'111.7
108.3
115.2
100.7
107.0
114.7
111.3
120.8
102.3
108.7
116.7
112.3
123.8
102.7
109.0
117.0
112.8
124.0
102.7
109.0
117.0
112.7
124.0
102.9
109.1
117.4
114.1
124.0
102.9
109.1
117.5
114.2
124.0
- $0.919
.825
$0.885
.783
$0.877
.770
$0.872
.767
$0. 869
.762
$0.862
.759
$0.859
.755
Machinery and equipment?
Agricultural machinery and equip
Construction machinery and equip
Electrical machinery and equip
Metalworking machinery and equip
Metals and metal products 9
Heating equipment
Iron and steel
Nonferrous metals
do..
do..
._do.
do.
do..
do.
Transportation equipment 9--.Dec. 1968=100..
Motor vehicles and equip
1957-59=100..
Miscellaneous products 9
do
Toys, sporting goods, etc
do—
Tobacco products
do—
118.1
118.5
118.7
119.1
119.5
121.2
117.4
104.0
112.3
121.6
104.2
101.7
121.2
118.1
100.7
112.2
121.7
104.1
101.7
121.3
118.3
100.7
112.5
121.9
105.6
107.5
121.3
118.9
104.7
112.3
122.5
106.3
107.5
122.0
119.7
99.2
112.4
122.6
106.0
107.5
122.2
119.8
99.8
113.0
123.1
106.1
107.5
122.4
120.1
98.7
112.8
123.3
105.7
107.5
109.3
117.9
105.8
89.9
201.3
104.0
109.3
118.0
105.8
89.5
204.8
103.8
109.3
118.4
105.9
89.0
199.5
102.8
109.2
118.4
105.8
88.4
201.0
102.6
109.5
119.0
106.3
88.0
201.0
102.4
109.6
119.6
106.4
87.1
193.2
102.0
109.4
119.9
106.7
85.7
193.4
100.9
109.2
120.0
106.9
84.8
190.1
100.9
103.2
109.4
117.8
115.3
124.1
103.1
109.3
117.8
115.0
124.1
103.2
109.4
118.2
115.1
124.1
103.3
109.5
121.0
115.8
132.3
103.2
109.4
121.4
115.9
131.7
103.3
109.5
121.5
116.2
131.8
103.6
109.7
121.9
116.4
132.1
108.2
115.0
122.0
117.0
132.1
108.5
115.3
122.2
116.8
132.1
$0. 858
.751
$0.858
.746
$0.856
$0.855
.740
$0.850
.737
$0.853
.735
$0.849
.732
$0.849
.728
$0. 850
.743
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
1957-59=$!. 00.
do...
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE
New construction (unadjusted) total
Private, total 9 „
Residential (nonfarm)
New housing units
mil $
.do
do
do
Nonresidential buildings, except farm and public utilities, total 9
mil. $
Industrial
do
Commercial .. _
do
Public utilities:
Telephone and telegraph
do
7 867
6 963
6 091
5 897
6 512
7,106
7,686
8,244
8,470 ' 8, 812 ' 8, 693
8,551
62,806 '5,808
30 603 ' 2 648
23,689
2,082
5,483
2,482
1,984
5,111
2,288
1,797
4,317
1,961
1,495
4,113
1,765
1,300
4,567
1,986
1,454
4,990
2,278
1,636
5,281
2,461
1,743
5,588
2,634
1,876
5,744 ' 5, 965 ' 5, 999
2,813 '2,935 ' 2, 907
1,990 ' 2, 075 '2,092
5,863
2,839
2,087
22,033
6,373
10, 136
2,076
569
982
1,942
575
889
1,623
438
750
1,627
415
763
1,769
458
841
1,824
501
840
1,891
498
890
1,948
521
925
1,898
519
874
1,912
529
890
84 690
90 866
56,996
28 823
22, 423
18,800
5,594
8,333
r g 210
2,169
613
1,025
1,983 ' 2, 010
543
'531
922
'964
1 704
2,172
222
200
226
155
174
218
234
235
271
275
266
276
do
27 694
28,060
2 402
2,384
1 852
1,774
1,784
1,945
2,116
2,405
2,656
2,726
2,847
' 2, 694
2,688
Buildings (excluding military) 9
Housing and redevelopment
Industrial
do
do
do
10 445
*746
517
11, 226
1 047
512
868
82
42
921
95
36
780
80
41
800
78
41
801
75
35
834
118
36
877
82
45
887
89
48
953
104
47
893
87
24
984
86
42
926
93
47
45
Military facilities
Highways and streets
do
do
824
9 295
945
9 276
88
892
76
822
73
600
61
483
54
500
53
581
56
677
72
904
75
986
50
1,144
82
1,134
76
1,061
81
Public, total 9
New construction (seasonally adjusted at annual
rates) , total
bil $
Private, total 9 . .
do
Residential (nonfarm)
do
Nonresidential buildings, except farm and public utilities, total 9
bil. $
Industrial
do
Commercial
do
Public utilities:
Telephone and telegraph
do
Public, total 9
do
90 7
88 8
89 8
90.8
92.0
90.7
90.4
89.5
90.2
90.7
92.1
'93.3
93.1
63 6
61 8
61 9
62.7
63.3
64.2
63.4
62.4
62.1
62.3
63.6
'64.6
64.6
29 3
28 8
28 9
28.7
28.7
29.4
29.6
28.9
28.1
28.6
'29.7
30.6
31.6
23.7
6.9
10.9
22.8
6.6
10.2
22.6
6.4
10.3
23.3
6.4
11.0
24.0
6.0
11.7
23.8
5.9
11.8
22.7
6.2
10.6
22.4
5.9
10.6
22.7
5.9
10.9
21.9
5.9
10.0
22.4
6.2
10.2
'21.8
'5.7
'10.4
20.9
6.0
9.4
25
22
25
2.4
2.4
2.6
2.9
2.8
2.9
3.3
3.0
3.3
27.1
27.0
27.9
28.1
28.6
26.6
27.1
27.0
28.4
28.4
28.5
'28.8
Buildings (excluding military) 9
do
10.5
10 5
10 7
9
10
Housing and redevelopment
do
10
.5
.4
.5
Industrial..
do
9
g
9
Military facilities
do
Highways and streets
do
9.3
9.6
10.3
' Revised.
* Preliminary.
« Corrected.
c?See corresponding note on p. S-8.
©See corresponding note on p. S-8.
9 Includes
data for items not shown separately.
410-758 O - 70 - S2
28.8
10.3
10.5
10.5
10.4
10.7
10.7
10 8
10 9
1i
1i
1.0
1.0
1.2
1.1
1.4
12
.5
.4
'.6
.4
.5
.5
.5
.5
.5
9
9
7
.7
.7
.8
.6
.8
.9
10.0
9.7
9.5
9.9
9.5
10.5
9.3
11.1
§ Beginning Jan. 1970, retitled to read "rubber and plastics products" to cover the direct
pricing of plastic construction products; continuity of the group index is not affected.
SDEVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1968
1969
| 1969
Annual
December 1970
Oct.
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Division, McGraw-Hill):
Valuation total
mil. $
Index (mo. data seas, adj.)
i 61, 732
67, 827
6,240
4,406
5,228
4,928
5,249
6,140
6,757
5,417
6,553
6,178
6,230
5,398
2173
193
195
178
218
205
215
208
203
170
186
180
212
183
179
1 19, 597
i 42, 135
22, 858
44, 969
1,626
4,615
1,427
2,980
1,727
3,501
1,433
3,495
1,652
3,597
2,069
4,071
1,791
4,966
1,695
3,722
2,815
3,738
2,313
3,865
2,078
4,151
1,869
3,529
2,023
3,430
do
do
_. do
i 22, 513
i 24, 838
U4.382
26, 085
25, 590
16, 152
2,502
2,290
1,449
1,566
1,675
1,165
2,168
1,744
1,317
2,252
1,475
1,201
2,269
1,482
1,498
2,191
1,974
1,975
2,413
2,466
1,878
1,750
2,123
1,545
1,919
2,224
2,410
2,469
2,347
1,361
2,331
2,349
1,549
1,944
2,176
1,278
1,863
2, 302
1, 289
..do
52, 419
57, 164
7,124
6,878
5,486
5,655
4,092
4,989
5,857
6,457
4,916
5,248
4,829
4,303
7,555
7,013
.thous. . 1, 545. 5
1,116.1
do
1, 507. 7
- do_
899.5
_ do
1,499.9
1, 096. 8
1, 466. 8
810.6
125.8
91.2
123.4
68.0
97.4
68.1
94.6
55.1
85.3
63.7
84.1
42.8
69.2
52.0
66.4
33.4
77.0
55.3
74.3
41.4
117.8
87.5
114.7
61.9
130.2
91.3
128.4
73.8
127.3
88.4
125.0
74.8
141.6
92.4
135.2
83.0
143.4
103.4
140.8
75.5
131.6
92.2
128.7
77.3
' 133. 4
89.2
' 130. 9
'76.0
' 142. 0
98.7
' 139. 6
'78.5
128.3
90.7
126.9
67.3
1,390
766
1,280
762
1,402
776
1,059
577
1,306
725
1,392
708
1,224
697
1,242
728
1,393
835
1,603
827
1,425
838
'1,509 ' 1, 570
'881
'881
1,692
933
1957-59=100,_
Public ownership
Private ownership
By type of building:
Nonresidential __ .
Residential
Non-building construction .
New construction planning
(Engineering News-Record) O
mil. $
do
5,453
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total (private and public)
Inside SMSA's
Privately owned
One-family structures
_.
Seasonally adjusted at annual rates:
Total privately owned
One-family structures
do
do
New private housing units authorized by building
permits (13,000 permit-issuing places) :
Seasonally adjusted at annual rates:
Total
thous ..
One-family structures
do
Manufacturers' shipments of mobile homes:*
Unadjusted
do
Seasonally adjusted at annual rates
do
1,353
695
1,300
617
' 1, 202
r581
1,191
596
1,239
639
1,013
469
1,137
562
1,099
552
1,263
603
1,321
602
1,306
613
1,275
619
1,326
663
1,371
675
'1,506
'696
318.0
412.7
43.4
454
32.7
452
27.2
403
23.7
383
23.9
340
29.3
344
39.6
442
32.6
377
35.4
366
36.8
432
38.1
407
41.1
428
40.5
423
131
142
143
144
145
146
146
146
146
148
150
153
154
'155
155
970
1,072
1,070
966
953
1,050
1,158
1,116
1,054
1,021
1,069
1,177
1,133
1,063
1,053
1,073
1,178
1,136
1,066
1,054
1,076
1,178
1,136
1,061
1,054
1,082
1,210
1,169
1,061
1,060
1,084
1,214
1,171
1,060
1,065
1,085
1,221
1,172
1,061
1,066
1,097
1,231
1,178
1,062
1,072
1,117
1,231
1,178
1,062
1,138
1,127
1,231
1,177
1,058
1,137
1,150
1,261
1,226
1,106
1,138
1,158
1,263
1,229
1,110
1,140
139
150
153
153
154
155
155
156
157
159
164
168
171
172
176
179
1,508
721
CONSTRUCTION COST INDEXES
Dept. of Commerce composite
1957-59=100
American Appraisal Co., The:
Average, 30 cities
Atlanta
New York
San Francisco
St Louis
1913=100-do
do
do
do
Associated General Contractors of America, Inc.,
The (building only)
1957-59—100
Boeckh indexes:
Average, 20 cities:
Apartments, hotels, office buildings___1957-59=100. .
Commercial and factory buildings
do
Residences,
. .do
Engineering News-Record:
Building
do
Construction
. do ..
139.9
139.1
136.7
151.8
149.1
148.0
155.1
152.1
149.3
156.0
152.5
150.1
156.4
153.2
151.0
156.7
154.2
151.6
157.1
154.5
152.1
158.0
155.5
152.3
158.3
155.7
152.6
159.4
157.7
153.3
159.8
157.9
153.6
163.8
161.9
157.5
164.1
162.1
157.8
167.7
165.2
159.3
168.1
165.3
159.6
169.2
166.5
160.6
136.8
151.9
149.9
167.2
151.3
171.0
151.9
171.7
152.2
171.7
152.2
172.2
152.0
172.5
152.2
173.0
154.2
174.9
156.4
177.0
157.5
180.1
160.9
186.0
161.4
186.6
162.7
187.2
163.6
188.6
3 164. 3
3 190. 2
Federal Highway Adm.— Highway construction:
Composite (avg for year or qtr )cT
1967—100
103.4
111.8
166.0
166.0
181.0
159.7
147.6
154.4
147.0
171.1
136.7
145.5
142.9
161.5
161.1
166.6
162.9
159.8
171.1
168.2
198.1
167.8
164.5
204.2
176.1
178.6
260.7
153.0
147.2
184.2
158.7
149.9
155.4
140.2
151.0
101.7
158.9
146.6
120.8
175.4
163.4
153.9
162.7
169.8
196.9
180.7
163.8
217.6
166.8
184.9
131.7
138.2
19.8
224
11.4
127
14.6
230
11.5
177
14.9
210
10.1
147
16.5
251
9.4
141
20.0
250
10.7
142
26.5
258
13.5
142
27.7
282
12.8
134
Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount. _. ... ..mil. $.. 6, 495. 94 7, 120. 63
Vet. Adm.: Face amount §
do.-_ 3, 773. 88 4, 073. 86
712. 12
397.44
560. 12
328. 54
595. 83
317. 14
610. 47
310. 21
501. 86
235. 24
581. 88
257. 74
116.6
116.4
121.3
134.0
CONSTRUCTION MATERIALS
Output index: \
Composite, unadjusted 9
Seasonally adjusted
1947-49 — 100
do
Iron and steel products, unadjusted
Lumber and wood products unadj
Portland cement, unadjusted
do
do
do
175.9
182.4
173. 7
157.3
190.9
162.6
239.0
' 183. 7
' 165. 1
' 253. 4
175.9
167.2
249.0
24.9
269
12.2
131
27.7
290
11.5
125
26.6
294
12.7
127
27.9
319
13.2
153
29.4
338
12.0
138
28.1
327
14.3
166
23.8
350
"11.1
P 163
561. 43
232. 58
527. 06
237. 52
696. 27
262. 66
705. 61
297. 73
751. 81
306. 24
788. 61
325. 77
867. 76
340. 56
769. 79
318.97
10, 446 plO, 524
REAL ESTATE
Mortgage applications for new home construction:
FHA net applications!
thous. units
Seasonally adjusted annual ratesj
do
Requests for VA appraisals
do _Seasonally adjusted annual ratesj
do
Federal Home Loan Banks, outstanding advances
to member institutions, end of period
mil. $__
5,259
9,289
8,439
8,802
9,289
9,852
9,937
9,745
9,860
10,008
10, 236
10, 373
21, 983
21,832
1,698
1,330
1,508
1,064
1,042
1,262
1,400
1,586
2,086
2,080
2,111
'2,183
2,136
4,916
11,215
5,852
4,756
11, 244
5,832
365
862
471
286
652
392
300
687
521
220
530
314
223
502
317
284
585
393
325
627
448
373
741
472
398
1,017
671
393
1,071
616
369
1,147
595
'388
'1,100
'695
412
1,031
693
110,404
95,856
8,468
7,249
8,337
7,704
7,137
8,383
8,491
8,639
9,084
...mil. $. 1, 829. 92 1, 952. 02
156. 54
146. 32
179. 43
184.03
206.89
196.68
188. 47
186. 94
177. 67
177. 85
200. 93
176. 27
185. 67
New mortgage lo ans of all savings and loan associations, estima ted total .
mil $
By purpose of loan:
Home construction
do
Home purchase .
do
All other purposes
do
Foreclosures
Fire losses (on bldgs., contents, etc.)
number
' Revised.
v Preliminary.
* Annual total reflects
revisions not distributed to months.
2
3
Computed from cumulative valuation total.
Index as of Dec. 1,1970: Building, 164.2;
construction, 190.2.
O Data for Oct. 1969 and Jan., Apr., July, and Oct. 1970 are for 5 weeks;
other months, 4 weeks.
*New series. Data from Mobile Home Manufacturers' Association;
seasonally adjusted annual rates calculated by Bu. of the Census. Available earlier data will
be shown later.
cf New base; comparable data for periods prior to 4th qtr. 1969 will be
shown later.
^Revisions for 1961-68 for FHA applications and for 1961-Feb. 1969 for requests
for VA appraisals (seas. adj. annual rates) will be shown later. Revisions for 1964-68 for construction materials output indexes appear in the Dec. 1969 issue of Construction Review
(BDSA).
9 Includes data for items not shown separately. § Data include guaranteed direct loans sold.
SUKVEY OF CURRENT BUSINESS
December 1970
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1968
Annual
S-ll
1969
1969
Oct.
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
NoVi
DOMESTIC TRADE
ADVERTISING
Television advertising:
Network (major national networks) :
Net time costs, total
_
Automotive incl accessories
Drugs and toiletries
Foods soft drinks confectionery
Soaps cleansers etc
Smoking materials
All other
537.6
50.6
157.6
89.9
38.4
54.2
147.0
.mil. $do
do
do
do
do
do
1,550.0
125.9
437. 0
293.3
144.9
156.8
392.1
1, 698. 8
135.1
496.8
314.4
157.5
175.0
420.0
Magazine advertising (general and natl. farm magazines):
Cost total
mil. $
Apparel and accessories
do
Automotive, incl accessories
_
_do _
Building materials,
_ ._
do
Drugs and toiletries
do
Foods, soft drinks, confectionery ._ _ do
1, 196. 1
63.5
112.6
32.3
144.4
106.3
1,245.3
60.6
114.4
26.5
158.7
101.5
133.3
6.2
17.1
2.8
14.6
9.4
133.9
5.6
13.2
1.6
15.8
11.3
106.7
3.9
6.6
1.0
15.4
8.1
69.9
1.8
5.4
.8
9.1
5.0
88.7
3.5
7.8
1.4
12.4
8.3
109.8
6.2
10.7
2.4
13.4
9.3
112.1
6.5
9.9
2.6
14.3
8.5
121.2
4.1
11.1
3.1
15.1
9.7
101.0
2.0
9.0
1.7
15.2
8.4
70.7
1.1
5.9
.8
11.5
7.6
71.0
4.7
4.9
1.2
10.5
5.5
102.6
7.8
7.1
2.0
13.4
6.5
123.7
5.9
11.4
2.3
14.9
10.5
95.6
75.7
56.7
22.2
43.2
443.6
101.8
76.5
60.0
15.7
48.2
481.4
11.3
10.2
5.6
1.4
4.3
50.5
12.8
8.9
6.0
1.5
4.9
52.3
16.6
4.7
3.7
.9
5.0
40.9
3.6
3.1
3.1
.9
3.9
33.5
5.2
3.6
3.7
.8
4.5
37.4
7.8
5.6
3.5
1.9
4.6
44.5
8.1
7.2
4.4
1.7
5.2
43.8
9.1
9.7
5.1
1.9
5.6
46.6
10.0
5.8
4.8
1.4
5.3
37.5
6.3
4.2
2.8
1.0
4.5
25.0
4.3
3.3
3.0
1.0
5.7
26.9
7.0
6.6
3.9
1.2
6.2
40.9
9.9
9.2
4.0
1.8
6.5
47.3
Newspaper advertising linage (52 cities): ©
Total
mil. lines
3, 381. 1 3, 575. 1
923.7 1, 017. 1
Classified
- do.. _
2, 457. 3 2, 558. 0
Display total
do
173.3
171.0
Automotive
- do__
81.7
72.8
Financial
do
300.1
296.1
General
do
Retail
_
_ do
1, 917. 4 2, 003. 0
326.3
89.0
237.3
14.7
7.3
30.6
184.8
339.6
83.4
256.2
13.7
5.9
31.7
204.9
307.2
66.9
240.3
9.8
7.0
21.7
201.7
247.6
72.9
174.7
10.3
9.6
17.8
137.0
241.4
70.2
171.3
11.5
5.8
20.7
133.2
289.0
80.2
208.8
13.1
6.8
23.8
165.2
303.8
81.8
222.0
15.3
7.1
27.1
172.5
313.4
87.4
226.0
16.9
5.1
26.8
177.2
284.3
79.9
204.4
15.7
6.8
21.6
160.3
266.5
78.0
188.5
14.0
6.5
17.1
151.0
285.4
83.7
201.7
13.2
4.0
17.3
167.2
286.2
75.3
210.9
13.0
5.5
24.6
167.8
302.5
76.2
226.3
15.0
6.2
28.4
176.7
236, 708
109, 578
127, 130
21, 935
10, 137
11, 799
19, 720
8,892
10, 828
20, 703
9,040
11,664
18, 813
8,328
10, 485
18, 505
8,393
10, 112
20, 592
9,370
11, 221
20, 333
9,371
10, 962
20, 247
9,294
10,953
21, 291
10, 020
11,271
20, 972
9,699
11,272
20, 623 ' 21, 410 21, 784
9,437 ' 9, 794 9,837
11, 186 ' 11, 616 11,947
22, 487
13, 245
9,242
24, 365
14,376
9,989
24, 229
14,321
9,909
24, 288
14, 273
10,015
24, 365
14, 376
9,989
24, 537
14, 432
10, 105
24, 746
14, 622
10, 125
24,907
14, 817
10,090
25,010
14, 974
10, 036
24, 938
14, 921
10, 017
25, 082
15, 088
9,994
25, 092
15,135
9,957
25, 295 ' 25, 579 26, 250
15, 246 '•15,197 15, 263
10,049 ' 10, 382 10, 987
mil $ "339, 324
do
110, 245
do __ 65, 261
do
60, 660
do
4,601
351,633
112, 779
66, 911
62, 048
4,863
30,645
10, 055
6,088
5,673
415
29, 839
9,107
5,378
4,968
410
35, 963
9,799
5,072
4,613
459
27, 051
7,810
4,664
4,325
339
25, 437
7,874
4,796
4,489
307
28, 715
8,918
5,456
5, 083
373
29, 654
9,535
5,793
5,351
442
31, 326
9,833
5,859
5,400
459
31,415
10, 418
6,272
5,798
474
31,143
9,959
5,860
5,389
471
30, 404 '29,739
9,229 ' 9, 039
5,178 rr 4, 986
4,739
4, 573
439
'413
31, 794
9,496
5,257
4,808
449
1,434
889
446
1,309
1,037
272
20, 590
1,747
403
672
307
1,436
891
456
1,142
879
263
20, 732
1,782
446
666
300
1,847
1,046
632
1,186
818
368
26, 164
2,838
745
1,025
444
1,327
792
428
871
672
199
19, 241
1,412
368
524
239
1,217
752
370
896
712
184
17, 563
1,241
292
483
214
1,290
802
388
1,031
828
203
19, 797
1,587
331
586
319
1,317
826
402
1,186
933
253
20, 119
1,530
336
588
272
1,355
860
410
1,288
988
300
21, 493
1,634
373
618
291
1,407
884
437
1,378
1,063
315
20, 997
1,618
377
610
296
1,395
854
450
1,381
1,079
302
21,184
1,500
344
566
263
1,392
870
429
1,365
1,086
279
21, 175
1,625
335
608
319
1,472
921
450
1,356
1, 079
277
22, 298
1,817
406
687
335
1,018
2,026
6,816
6,407
2,079
950
1,945
6,040
5,649
1,917
1,022
2,141
6,438
5,996
2,128
989
2,229
6,497
6,051
2,178
1,040
2,452
7,025
6,557
2,298
1,029
2,474
6,781
6,319
2,344
1,031
2,554
7,112
6,639
2,414
4,739
5,007
4,930
4,790
5,060
'5,046
5,505
4,275
2,930
290
509
615
30, 536
9,340
5,469
5,029
440
4,530
3,067
286
584
671
30, 502
9,320
5,349
4,909
440
4,452
3,056
266
549
652
30, 518
9,411
5,483
5,068
415
4,323
2,919
278
532
697
30, 729
9,487
5,544
5,113
431
4,569
3, 069
298
565
687
30, 781
9,503
5,522
5,090
432
' 4, 549
' 3, 099
'304
'555
'648
'30,885
' 9, 556
' 5, 652
' 5, 214
'438
4,949
3, 349
350
596
698
30, 484
8,888
4, 909
4,485
424
Beer, wine, liquors
_ _
do
Household equip., supplies, furnishings, _ do
Industrial materials
do
Soaps, cleansers, etc
- do
Smoking materials _
_
-do
All other
do
0)
0)
(l)
0)
(01
C)
0)
WHOLESALE TRADE
Merchant wholesalers sales (unadj.), total, mil. $__ 219, 943
Durable goods establishments
do
100, 012
Nondurable goods establishments
. .do _ _ 119, 930
Merchant wholesalers inventories, book value,
end of year or month (unadj.), total
mil. $__
Durable goods establishments, _
__.do
Nondurable goods establishments
do_. .
RETAIL TRADE
All retail stores: c
Estimated sale (unadj ) total
Durable goods stores 9
Automotive group.- _ _ _
Passenger car, other auto, dealers
Tire battery accessory dealers
Furniture and appliance group 9
Furniture, homefurnishings stores
Household appliance TV radio
Lumber, building, hardware group
Lumber, bldg. materials dealersd*
Hardware stores.
_ _
Nondurable goods stores 9
Apparel group
Men's and boys' wear stores
W omen's apparel accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores Gasoline service stations
do
do
do
do
do
do
do
do
do
do
do
"229, 079
19, 265
4,516
7,429
3,196
16, 719
10,439
5,223
14, 562
11, 278
3,284
238, 854
20, 158
4,761
7,606
3,505
do
do
do
do
do
11, 458
25, 285
°72, 881
"67, 925
24, 526
11,863
25,849
75, 866
70, 955
25, 116
986
2,255
6,593
6,168
2,119
966
2,121
6,331
5,922
2,053
1,347
2,120
6,800
6,351
2,131
54, 493
58, 615
5,107
5,649
8, 636
3,969
3,719
4,614
49, 295
33, 323
3,256
6,152
6,969
53, 083
36,411
3,519
6,548
7,403
5,128
3,515
408
590
639
29, 471
9,229
5,565
5,170
395
8,063
5,572
507
1,088
875
29, 419
9,275
5,453
5,086
367
3,546
2,409
234
414
613
29, 570
8,886
5,114
4,701
413
3,280
2,181
256
409
537
29, 980
9,143
5,325
4,901
424
4,152
2,788
312
528
587
29,801
9,134
5,350
4,921
429
General merchandise group with nonstores 9
mil $
General merchandise group without nonstores 9 §
mil $
Department stores
do
Mail order houses (dept. store mdse).do
Variety stores
do
Liquor stores
do
Estimated sales (seas, adj ) total
do
Durable goods stores 9
do
Passenger car, other auto, dealers
Tire, battery, accessory dealers
do .
_do
16, 540
10, 227
5,235
10, 984
4,583
3,126
338
538
611
29, 620
9,354
5,638
5,238
400
1,399
1,332
1,358
855
838
825
439
423
436
1,180
1,168
1,173
916
909
906
Lumber, bldg. materials dealersd"1
do
264
259
Hardware stores.
_
do
267
' Revised.
1 Series discontinued by source effective with 4th qtr. 1969 data.
° Monthly
revisions for Jan.-Nov. 1968 (unadj. and seas. adj. data) appear in the Census Bureau Monthy
Retail Trade Report, Dec. 1969 issue.
0 Source: Media Records, Inc., 52-City Newspaper Advertising Trend Chart.
9 In-
Furniture and appliance group 9
Furniture, homefurnishings stores
Household appliance, TV, radio
do
_do
do .
c
1,047
2, 612
6,859
6,387
2,275
' 1, 377
'856
'420
'1,319
' 1, 051
'268
'20,700
' 1, 653
353
'621
'336
'
'
'
'
'
1, 047
2, 431
6, 665
6, 215
2, 141
1,080
2,454
7,257
6,805
2,215
1,399 ' 1, 345 1,397
1,395
1,413
1,422
1,435
1,454
1,457
1,418
870
'856
848
851
857
876
892
885
877
868
'402
436
445
443
452
461
465
469
426
426
1,221
1,236 ' 1, 237 1,222
1,217
1,216
1,143
1,158
1,205
1,168
956
931
958 ; '958
936
924
914
897
949
927
266
290
278 i '279
292
244
281
256
246
241
cludes data for items not shown separately.
^Comprises lumber yards, building materials dealers,
and paint, plumbing, and electrical
c
stores.
§ Except department stores mail order.
Corrected.
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1968
December 1970
1969
1969
Annual
Oct.
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
21, 278 ' 21,329
1,715 ' 1, 650
380
387
'627
658
'304
324
Sept.
Oct.
Nov.
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores— Continued
Estimated sales (seas, adj.)— Continued
Food group
do
Gasoline service stations
do
General merchandise group with nonstores 9
mil. $
General merchandise group without nonstores 9 §
mil $
Department stores
do
Alail order houses (dept store mdsc )do
Variety stores
do
Estimated inventories, end of year or month: J
Book value (unadjusted), total J
.mil. $._
Durable goods stores 9
do
Automotive group
do
Furniture and appliance group
do
Lumber, building, hardware group, -do
20, 266
1,719
401
652
314
20,242
1,677
406
627
305
20, 144
1,681
397
603
335
20, 684
1,616
391
608
273
20, 837
1,735
420
650
296
20, 667
1,608
383
590
271
21, 196
1,728
397
634
293
21, 182
1,684
387
627
284
21, 107
1,694
373
661
296
21, 242
1,704
386
650
295
1,007
2,219
6,450
6,035
2,090
1,004
2,233
6,429
6,012
2,078
1,000
2,137
6,436
6,026
2,097
1,038
2,209
6,674
6,239
2,184
1,034
2,270
6,655
6,221
2,183
1,051
2,273
6,679
6,233
2,203
1,044
2,296
6,747
6,290
2,213
1,040
2,353
6,765
6,305
2,233
1,044
2,341
6,818
6,364
2,237
1,055
2,299
6,751
6,299
2,237
1,071
2,347
6,814
6,349
2,156
21, 596
1,744
399
647
332
>• 1, 101
1,091
' 2, 374 2,376
' 6, 870 6,887
' 6, 420 6,450
r 2, 165
2,191
5,000
4,987
4,998
5,061
5,114
5,001
5,271
5,200
5,106
5,246
5,187
r 5, 248
4,486
3,065
302
553
618
4,475
3,083
294
550
614
4,554
3,113
310
553
594
4,603
3,108
330
574
649
4,612
3,129
338
560
633
4,527
3,060
323
562
655
4,796
3,285
309
596
669
4,733
3,185
336
613
674
4,628
3,151
307
575
678
4,766
3,247
327
575
693
4,672
3,154
317
580
710
' 4, 736
4,802
' 3, 231 3,258
321
••311
r
603
598
••687
690
5,345
40, 601
18, 412
8,653
2,989
2,621
43, 535
19, 527
9,424
3,122
2,546
44, 882
19, 075
8,713
3,197
2,616
46, 014
19, 598
9,114
3,298
2,606
43, 535
19, 527
9,424
3,122
2,546
42, 927
19,471
9,420
3,025
2,530
43, 723
19, 827
9,573
3,046
2,523
44, 800
20, 234
9,867
3,081
2,577
45, 363
20, 440
10, 018
3,116
2,598
44, 828
20, 242
10, 035
3,043
2,548
44, 859
20, 349
10, 162
3,046
2,548
44, 819
20, 116
10, 007
3,017
2,539
43, 927
18, 684
8,573
3,005
2,520
44,659
18,665
8,546
3,022
2,534
45, 347
18, 227
7, 965
3,100
2,526
Nondurable goods stores 9
do
Apparel group
do
Food group
do
General merchandise group with nonstores
mil. $ .
Department stores
-do
22, 189
4,050
4,393
24, 008
4,426
4,691
25, 807
4,860
4,664
26, 416
4,975
4,762
24, 008
4,426
4,691
23, 456
4, 256
4,550
23, 896
4,385
4,588
24, 566
4,544
4,643
24, 923
4,611
4,664
24, 586
4,539
4,664
24, 510
4,454
4,671
24, 703
4,480
4,687
25, 243
4,685
4,660
25, 994
4,853
4,670
27, 120
4,945
4,850
8,314
4,886
9,186
5,348
10, 627
6,269
10, 834
6,435
9,186
5,348
9,080
5,230
9,319
5,376
9,713
5,671
9,865
5,713
9,719
5,622
9,735
5,605
9,980
5,768
10, 253
5,937
10,806
6,276
11, 505
6,689
Book value (seas adj ) total t
do
Durable goods stores 9
__do
Automotive group
do__ _
Furniture and appliance group
do __
Lumber, building, hardware group— -do
41, 604
18, 851
8,776
3,066
2,705
44, 623
19, 980
9,558
3,199
2,627
44, 411
20, 044
9,768
3,116
2,656
44, 268
19, 835
9,563
3,144
2,611
44, 623
19, 980
9,558
3,199
2,627
44, 014
19, 342
9,066
3,138
2,550
44, 133
19, 388
8,989
3,134
2,533
44, 325
19, 471
9,153
3,118
2,519
44, 326
19, 426
9,166
3,082
2,503
44, 109
19, 346
9,240
3,025
2,488
44, 527
19, 552
9,415
3,034
2,528
44, 965
19, 739
9,613
3,026
2,552
45, 453
20, 119
10, 050
3,011
2,558
45, 691
20, 270
10, 114
3,004
2,575
44, 883
19, 291
9,113
3,024
2,564
Nondurable goods stores 9
do _
Apparel group
do
Food group
do
General merchandise group with nonstores
mil. $
Department stores
do
22, 753
4,214
4,375
24, 643
4,606
4,672
24, 367
4,496
4,564
24, 433
4,560
4,597
24, 643
4,606
4,672
24, 672
4,606
4,577
24, 745
4,563
4,634
24, 854
4,651
4,634
24, 900
4,620
4,664
24, 763
4,613
4,673
24, 975
4,649
4,694
25, 226
4,647
4,763
25, 334
4,593
4,750
25,421
4,583
4,712
25, 592
4,579
4,746
8,849
5,187
9,777
5,677
9,594
5,607
9,645
5,635
9,777
5,677
9,828
5,741
9,864
5,731
9,926
5,810
9,873
5,713
9,830
5,696
9,993
5,796
10, 198
5,922
10, 277
5,961
10, 369
6,017
10, 394
5,988
"94,194
103,070
9,041
9,258
12, 541
8,112
7,316
8,463
8,560
9,160
8,986
9,018
9,007
5,186
767
1,837
1,335
3,373
2,122
1,303
5,921
905
2,090
1,598
3,777
2,487
1,354
531
85
192
139
318
231
115
556
110
191
144
320
208
112
906
163
314
237
489
205
143
387
73
131
101
322
203
88
352
58
120
97
294
193
85
507
66
167
159
348
215
100
460
63
163
124
322
234
105
485
71
170
134
347
221
106
503
72
182
147
342
222
109
428
55
160
117
356
231
105
502
59
179
151
352
243
100
38, 395
41,997
3,636
4,045
6,340
2,808
2,624
3,306
3,405
3,599
3,562
3,463
3,624
35, 708
26, 184
4,821
39,222
28,934
5,232
3,379
2,478
429
3,783
2,786
477
6,027
4,424
875
2,613
1,921
326
2,406
1,746
321
3,072
2,241
415
3,174
2,355
409
3,351
2,467
464
3,315
2,475
440
3,222
2,376
424
3,376
2,491
448
« 34, 295
1,736
37, 163
1,816
3,303
159
3,148
146
3,409
171
3,511
112
3,028
103
3,179
127
3,166
155
3,468
159
3,323
163
3,515
164
3,324
146
8,822
8,739
8,902
9,038
9,078
8,952
9,160
9,167
9,189
9,227
9,229
514
79
183
142
332
228
515
93
177
147
326
216
523
85
177
158
314
207
487
82
173
125
349
215
521
85
175
140
339
217
477
73
164
127
361
214
530
74
185
142
348
234
496
73
172
132
347
215
517
71
191
148
354
212
509
68
187
138
364
221
526
72
187
155
367
236
3,559
3,519
3,695
3, 646
3,698
3,605
3,782
3,750
3,665
3,746
3,695
3,316
2,432
440
3,264
2,406
437
3,447
2,556
442
3,428
2,498
460
3,442
2,534
448
3,362
2,476
443
3,535
2,608
473
3,502
2,554
488
3,420
2,531
462
3,504
2,569
467
3,441
2,534
465
3,197
158
3,199
142
3,213
131
3,344
136
3,306
140
3,318
146
3,274
151
3,344
149
3,444
144
3,377
154
3,427
146
Firms with 11 or more stores:
Estimated sales (unadj.) total 9
do
Apparel group 9
_
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Furniture and appliance group
-do_ __
do
.do
do
do
do
do
General merchandise group with nonstores9
mil. $
General merchandise proup without nonstores §
mil. $ .
Dept. stores, excl. mail order sales _.do_ _
Variety stores
do
Grocery stores _
Tire, battery, accessory dealers
do
do
Estimated sales (seas, adj.), total 9
do
Apparel group 9
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores _
Drug and proprietary stores
Eating and drinking places
do
do
do _
do
do
do
General merchandise group with nonstores 9 _ mil. $
General merchandise group without nonstores!
mil. $
Dept. stores, excl. mail order sales
do
Variety stores _
do
Grocery stores
Tire, battery, accessory dealers
do
do
All retail stores, accounts receivable, end of yr. or mo.:
Total (unadjusted)
mil. $..
Durable goods stores
do
Nondurable goods stores
do
Charge accounts
do
Installment accounts
do
Total (seasonally adjusted)
Durable goods stores
Nondurable goods stores
Charge accounts
Installment accounts
_
_,
_
do
do
.do
do
do
20,630
7,140
13, 490
8,677
11, 953
21, 490
7,174
14,316
8,648
12, 842
19,853
7,159
12, 694
8,326
11, 527
20, 143
7,082
13, 061
8,312
11, 831
21. 490
7,174
14, 316
8,648
12,842
20, 594
6,802
13, 792
8,142
12,452
20,086
6,786
13,300
7,993
12, 093
20,010
6,794
13, 216
8,089
11,921
20,083
6,819
13,264
8,199
11,884
20, 254
6,865
13,389
8,403
11,851
20, 491
7,183
13,308
8,550
11,941
20,257
7,139
13, 118
8,357
11,900
20, 286
7,143
13, 143
8,305
11, 981
19, 378
6,941
12, 437
8,317
11,061
20,140
6,976
13,164
8,280
11,860
19,996
7,002
12, 994
8,198
11,798
20, 087
7,055
13, 032
8,190
11, 897
20, 140
6,976
13, 164
8,280
11, 860
20, 198
6,930
13, 268
8,262
11, 936
20, 433
7,077
13, 356
8,428
12,005
20, 375
7,074
13, 301
8,390
11, 985
20,363
6,983
13,380
8,325
12,038
20, 315
6,902
13, 413
8,268
12,047
20,428
7,040
13, 388
8,348
12,080
20,533
7,015
13, 518
8,357
12, 176
20, 628
7,056
13, 572
8,362
12, 266
r
a
Revised.
See corresponding note on p. S-ll.
t Series revised to reflect benchmarking to the levels of the 1968 and 1969 Annual Retail Trade Reports (Census Bureau),
and also recalculation of seas, factors for all lines of trade; description of revisions and re-
vised data back to 1961 appear on pp.38fT. of the Oct. 1970 SURVEY.
shown separately. § Except department stores mail order.
9 Includes data not
SURVEY OF CURRENT BUSINESS
December 1970
1968
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1969
1969
Oct.
Annual
S-13
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.*
LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total incl. armed forces overseas
mil__ * 201. 18 i 203. 21
203. 81
204.00
204.18
204.35
204.51
204.66
204.84
205. 02
205.20
205. 40
205. 60
205. 81
206 03
206 24
85, 038
81 510
78, 671
75, 110
3 561
2 839
84, 920
81 427
78, 716
75, 395
3 322
2 710
84, 856
81,416
78, 788
75, 805
2 984
2,628
84, 105
80, 719
77, 313
74, 398
2,915
3,406
84, 625
81, 283
77, 489
74, 495
2 994
3 794
85,008
81, 690
77, 957
74, 786
3,171
3,733
85, 231
81, 960
78, 408
74, 877
3,531
3,552
84, 968
81, 741
78, 357
74,632
3,725
3,384
87,230
84,050
79, 382
75, 174
4,208
4,669
87, 955
84, 801
80, 291
76, 173
4,118
4,510
87, 248
84, 115
79, 894
76, 112
3 782
4,220
85, 656
82 547
78, 256
74, 730
3 525
4,292
86, 255
83 175
78 916
75, 522
3 394
4 259
86, 386
83 347
78 741
75, 515
3 226
4 607
81 523
78, 445
74, 999
3,446
3,078
81 379
78, 528
75, 094
3,434
2,851
81, 583
78, 737
75, 302
3,435
2,846
82, 213
79,041
75, 615
3,426
3,172
82, 249
78, 822
75, 323
3,499
3,427
82, 769
79, 112
75, 562
3,550
3,657
82, 872
78, 924
75, 338
3,586
3,948
82, 555
78, 449
74, 836
3,613
4,106
82, 125
78, 225
74, 671
3,554
3,900
82, 813
78, 638
75, 119
3,519
4,175
82, 676
78, 445
75, 025
3,420
4,231
83, 031
78, 424
75, 025
3,399
4,607
83 353
78, 686
75, 398
3,288
4,667
83
78
75
3
4
LABOR FORCE
Labor force, persons 16 years of age and over_.thous_.
Civilian labor force
do
Employed, total
_ _ _
__do
Nonagricultural employment
do
Agricultural employment
do
Unemployed (all civilian workers)
do
Seasonally Adjusted I
Civilian labor forcet
do
Employed, total
_
do
Nonagricultural employment-. _
. d o __
Agricultural employment
do_ _ _
Unemployed (all civilian workers)..
do
Long-term, 15 weeks and over
do
Rates (unemployed in each group as percent
of total in the group) :J
All civilian workers
.
Men, 20 years and over
Women, 20 years and over
Both sexes, 16-19 years
__ __
Married men
Negro and other races _ ..
White workers
Occupation: White-collar workers... .__ __
Blue-collar workers
Industry of last job (n on agricultural):
Private wage and salary workers
Construction
__
Manufacturing
Durable goods .
82, 271
78 737
75, 921
72, 104
3 817
2,816
84, 239
80, 733
77, 902
74, 296
3,606
2,831
612
685
4.8
5.0
4.7
o r
5.0
5.1
5.5
3.2
4.4
15.7
5.6
5.8
5.1
4.5
5.0
14.3
14.6
13.9
4.8
5.1
15.9
5.1
16.8
17.1
55
17.5
2.2
7.1
4.1
2.7
5.2
2.4
8.7
4.3
2.9
5.7
2.6
8.0
4.6
2.8
6.2
2.5
8.7
4.2
2.6
6.3
2.7
8.3
4.7
3.1
6.6
2.8
8.4
4.8
2.7
7.0
2.9
9.0
5.1
2.8
7.5
3.1
9.3
5.2
3.2
7.2
3.2
8.8
4.3
7.9
4.6
4.7
4.6
8.1
4.7
4.8
4.8
8.1
4.7
4.9
6.7
7.1
6.2
9.1
7.2
8.1
465
545
3.5
3.9
4.2
4.4
2.2
3.5
11.8
2. 5
3.6
13.8
2.8
4.1
13.4
2. 9
4.5
13.9
1.7
5.7
3.2
2.1
4.3
1.8
6.3
3.6
2.1
4.6
2.0
7.0
3.8
2.3
5.0
3.6
5.4
3.7
3.6
3.6
6.0
3.8
3.7
3.9
7.1
3.8
3.8
375
3.6
3.5
3.8
3.5
2.2
3,8
12.7
2.1
3 7
12.2
2. 3
3.8
12.9
2. 1
3.6
11.8
1.6
6.7
1.5
6.4
3 2
31
2.0
4.1
2.1
3.9
1.6
6.6
3.5
2.4
4.2
1.5
6.2
3.2
2.1
4.2
363
569
409
412
389
392
3.6
6.9
3.5
6.0
33
33
3.0
3.8
7.3
3.6
3.2
67, 915
56 070
70, 274
58 070
71, 333
58, 958
71, 354
58, 893
71, 760
59, 206
69, 933
57,483
70, 029
57, 447
70, 460
57, 780
67 915
56, 070
70 274
58, 070
70,836
58, 544
70, 808
58,485
70, 842
58, 481
70, 992
58,602
606
619
624
627
625
71, 135
58, 694
3,285
19 781
11, 626
3,437
20 169
11, 893
3,445
20, 233
11,965
3,473
20, 082
11, 782
3,496
20, 082
11, 773
3,394
20, 018
11,679
338
600
472
319
609
484
298
601
483
296
603
479
290
606
478
281
605
477
636
1,316
1,390
1,966
1,974
2,039
462
433
8,155
1,782
656
1,358
1,442
2,028
2,013
2,067
476
440
8,277
1,796
658
1,386
1,445
2,050
2,051
2,078
476
439
8,268
1,780
659
1,384
1,444
2,043
1,934
2,028
476
436
8,300
1,806
653
1,360
1,436
2,043
1,922
- 1, 988
474
440
8,339
1,817
85
994
82
999
81
991
80
993
659
1,380
1,447
2,051
1,930
2,009
476
447
8,309
1,805
1,406
691
1,065
1,030
187
561
355
1,412
712
1,093
1,061
183
594
345
1,406
716
1,106
1,062
191
596
339
1,405
718
1,109
1,064
191
596
338
1,410
720
1,110
1,067
192
594
339
4,310
14, 084
3,611
10, 473
3,382
10, 623
11, 845
2,737
9,109
4,431
14, 645
3,738
10, 907
3,557
11,211
12, 204
2,758
9,446
4,463
14, 824
3,775
11, 049
3,596
11, 361
12, 292
2,739
9,553
4,464
14, 848
3,782
11, 066
3,611
11, 383
12, 323
2,730
9,593
46, 475
14, 514
48, 084
14, 768
48, 873
14, 953
14, 514
8,457
192
521
14, 768
8,648
184
529
14, 794
8,703
170
520
401
401
509
1,046
1,072
1,342
526
1,085
1,110
1,379
526
1,112
1,107
1,391
3.0
393
535
202
333
858
5.2
11.9
5.2
10.9
711
5.6
11.0
736
792
745
5.5
6.0
6.0
12.2
13.8
11.9
870
55
3.5
7.3
5.2
4.9
5.3
5.1
70, 758
58, 001
70, 780
58, 054
71, 385
58, 746
70, 602
58, 485
70, 527 r 70,922 ' 70,726
58, 511 ' 58,466 ' 57,900
70, 638
57, 703
71,242
58, 739
71,149
58, 539
70,839
58, 238
70,629
58, 070
70,587
57, 996
70, 082
57, 306
3,466
19, 937
11,625
3,481
19, 944
11, 648
3,426
19, 795
11, 529
3,351
19, 572
11, 386
3,324
19, 477
11,286
3,314
19, 402
11,217
70,414 r 70,531 ' 70,216
57, 818 ' 57,946 ' 57,490
621
619
'620
3,305 ' 3, 262 ' 3, 273
19, 271 r 19,285 ' 18,726
11, 134 r 11,145 ' 10,645
277
598
472
271
593
471
261
585
468
256
582
456
250
575
453
243
570
454
240
570
453
6.0
5.9
5.7
5.5
6.1
6.3
EMPLOYMENT
Employees on payrolls of non agricultural estab.:^
Total, not adjusted for seasonal variation ..thous..
Private sector (excl. gov't). .. .
do
Seasonally Adjusted
Total
thous
Private sector (excl. gov't) ..
do ...
Mining.
.
do ..
Contract construction.
. . .do
Manufacturing
do
Durable goods
. . . . do
Ordnance and accessories
. do
Lumber and wood products
. . do . . .
Furniture and fixtures . .. .. do...
Stone, clay, and glass products
do
Primary metal industries
...do
Fabricated metal products
do . . .
Machinery, except electrical
do .
Electrical equip, and supplies
do
Transportation equipment
... do
Instruments and related products
do
Miscellaneous manufacturing ind
do
Nondurable goods
do
Food and kindred products
do
Tobacco manufactures
.
do .
Textile mill products
do
Apparel and other textile products do
Paper and allied products
..do
Printing and publishing
.- .. do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products, nee ..do
Leather and leather products
do
Transportation, communication, electric, gas,
and sanitary services
thous-.
Wholesale and retail trade .
_ do . .
Wholesale trade
do
Retail trade.
. - .
-do
Finance, insurance, and real estate. -. do
Services
do
Government
. .
. _ do ...
Federal
.do
State and local
. do
Production (or nonsupervisory) workers on private
nonagricultural payrolls, not seas, adj ^thous.Total on manufacturing payrolls
... do
Seasonally Adjusted
Total on manufacturing payrolls
do
Durable goods
do
Ordnance and accessories..
do
Lumber and wood products
do
Furniture andfixtures...
..... do ...
Stone, clay, and glass products
do
Primary metal industries
do ...
Fabricated metal products
do
Machinery, except electrical
do
T
390
622
626
622
574
224
569
454
631
1,298
1,387
1,939
1,903
1,841
453
419
8,137
1,784
'
1,395 '
' 1, 926 '
r 1, 896
'
' 1, 839 '
'452
418
' 8, 140 '
' 1, 779 '
625
1,259
1,326
1,850
1,815
1,538
439
411
8,080
1,789
1,396
721
1,113
1,066
194
589
333
1,394
721
1,111
1,063
193
585
334
1,375
714
1,108
1,060
192
548
332
1,385
711
1,103
1,055
193
570
334
1,393
706
1,105
1,054
191
578
333
1,376
703
1,103
1,053
191
567
324
955
'947
' 1, 380 ' 1, 367
-706
'698
1,105 ' 1, 102
1,056 ' 1, 053
'190
'190
'569
'557
324
323
1,373
700
1,099
1,044
191
543
322
4,496
14, 987
3,834
11,153
3,652
11, 530
12, 441
2,718
9,723
4,502
14, 984
3,847
11,137
3,665
11, 537
12,503
2,766
9,737
4,468
14, 991
3,853
11,138
3,673
11, 564
12,610
2,838
9,772
4,478
14, 968
3,859
11, 109
3,677
11, 572
12,601
2,768
9,833
4,511
14, 927
3,849
11,078
3,679
11, 532
12,559
2,689
9,870
4,539
14, 933
3,856
11, 077
3,676
11, 514
12,591
2,668
9,923
4,520
14, 912
3,840
11, 072
3,670
11, 521
12,596
2,659
9,937
4,511 ' 4, 502
' 14,961 ' 15,004
3,850 ' 3, 855
'11,111 ' 11,149
' 3, 684 ' 3, 696
' 11,622 ' 11,669
' 12,585 ' 12,726
2,649 ' 2, 654
' 9, 936 ' 10,072
4,493
14, 919
3,833
11, 086
3,710
11, 694
12, 776
2,654
10, 122
47, 373
14, 402
47, 316
14, 346
47, 648
14, 385
47, 854
14, 240
47, 905
14, 061
48, 582
14, 261
48, 297
13, 958
48, 340 ' 48,342 ' 47,825
14, 101 ' 14,224 ' 13,645
14, 573
8,425
156
523
14, 489
8,367
155
515
14, 512
8,409
151
511
14, 389
8,318
143
504
14, 140
8,134
137
495
390
14, 180
8,186
141
501
386
375
14, 090
8,082
131
491
522
1,072
1,090
1,381
517
1,063
1,087
1,381
512
1,049
1,079
1,366
506
1,037
1,060
1,340
13, 974 '14,000 ' 13,474 13, 364
8,019
8,039 ' 7, 571 7,463
129
'121
128
118
494
491
495
490
372
373
'377
373
500
'499
505
495
1,031 ' 1, 047 ' 1, 008
991
1,060 ' 1, 067 ' 1, 019 1,000
1,288 ' 1, 281 ' 1, 236 1,215
1,398
720
1,113
1,067
193
591
333
4,469
14, 750
3,807
10, 943
3,626
11,431
12, 361
2,721
9,640
4,507
14, 938
3,828
11,110
3,648
11, 472
12, 390
2,717
9,673
48, 797
14, 763
49, 097
14, 680
14, 638
8,522
168
522
14, 638
8,516
164
524
396
'228
'453
'629
1, 274
1, 346
1, 878
1, 840
1, 565
'445
'413
8, 081
1, 768
••457
635
81
971
1,416
721
1,113
1,068
193
595
337
527
1,103
1,110
1,391
237
575
626
3,274
18, 590
10, 510
81
979
81
980
397
618
628
1,301
1,387
1,969
1,934
1,853
458
420
8,185
1,789
644
1,323
1,411
2,032
1,979
1,925
471
430
8,266
1,805
526
1,108
1,106
1,384
620
636
1,305
1,388
1,982
1,936
1,876
461
424
8,191
1,800
651
1,337
1,425
2,046
1,995
1,950
472
437
8,296
1,823
77
995
620
638
1,309
1,394
2,004
1,956
1,897
468
426
8,186
1,805
657
1,349
1,428
2,048
1,993
1,890
472
441
8,312
1,830
Revised.
* Preliminary.
* As of July 1.
{Effective with the Mar. 1970 issue of the SURVEY, labor force data reflect new seasonal
factors; comparable figures for prior periods appear in EMPLOYMENT ANP EARNINGS, Feb. 1970
626
80
999
395
520
1,086
1,100
1,383
80
987
390
(USDL, Bureau of Labor Statistics).
\ See corresponding note, p. S-14.
81
959
372
505
1,034
1,057
1,321
81
955
373
499
1,033
1,058
1,316
82
954
r 1,315
'76
'76
78
941
47, 642
13, 481
SURVEY OF CUREENT BUSINESS
S-14
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown in
the 1969 edition of BUSINESS STATISTICS
1968
1969
1969
Annual
December 1970
Oct.
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
Aug.
July
Sept.
Oct.
Nov. v
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT— Continued
Seasonally Adjusted
Production workers on mfg. payrolls— Continued
Durable goods— Continued
Electrical equipment and supplies
thous.Transportation equipment
- . -do
Instruments and related products
do
Miscellaneous manufacturing ind
-do
Nondurable goods
- -do
Food and kindred products
do
Tobacco manufactures
do
Textile mill products
- .
do..
Apparel and other textile products
do
Paper and allied products
do
Printing and publishing
do. .Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products, nee .
do
Leather and leather products
do
1,319
1,441
285
340
1,341
1,456
294
344
1,373
1,468
293
342
1,264
1,418
292
337
6,120
1,205
6,091
1,187
6,116
1,214
1,241
552
68
872
67
873
1,240
536
1,234
554
1,233
554
622
113
460
296
689
690
610
118
435
306
619
118
460
290
4Z 6
37.4
40.7
43.0
37.9
40.6
6,056
1,192
72
881
667
69
881
682
1,255
1,403
292
351
1,246
1,384
289
343
1,319
1,291
289
343
6,122
1,241
1,323
1,358
1,313
1,345
1,294
1,317
6,103
1,235
6,071
1,217
5,994
1,216
289
339
289
332
286
329
1,297
1,309
1,289
1,290
1,266
1,285
278
324
274
323
6,006
1,214
6,008
1,203
5,955
1, 198
280
327
' 1, 258
' 1, 286
'273
'322
' 5, 961
' 1, 193
' 1, 214
' 1, 023
' 268
'316
' 5, 903
' 1 183
1,195
1,007
265
314
6,122
1,213
6,148
1,226
67
878
67
867
1,238
557
1,242
558
1,223
558
1,221
556
1,206
551
1,214
549
1,223
544
1,206
540
619
118
459
289
691
691
1,226
557
620
118
457
290
619
119
459
289
616
119
454
285
613
119
453
284
610
118
450
285
606
118
412
284
603
118
434
286
605
118
444
285
602
117
433
277
37.5
37.6
43.0
37.6
40.7
40.5
37.6
37.5
43.5
38.1
40.6
40.5
37.6
37.7
43.2
38.2
41.0
40.7
37.5
37.1
42.7
36.7
40.1
40.3
37.3
37.0
43.4
38.2
39.8
39.9
37.4
37.2
43.2
38.0
40.0
40.2
37.2
36.9
43.1
38.3
39.7
40.0
37.1
37.0
42.6
38.1
39.8
39.8
37.2
37.4
42.4
37.6
40.0
39.8
37.3
37.6
42.5
37.4
39.9
40.1
37.2
37.6
42.2
37.3
39.8
39.8
36.8
37.0
' 42.0
'35.1
39.6
39 3
'2.8
'36.9
'37.0
' 42 7
'36.9
39.6
39 4
2.7
36.9
36.8
43 0
37.0
39.6
39 5
2 5
39.8
'39.9
'2 6
' 40.1
'39.4
'39 1
41.0
'39.8
40.1
' 40 4
'39.7
'39.8
'39.9
'38.4
40.0
2 3
40 7
40.1
39 4
41 1
39.1
40.2
40 5
39 5
39.7
40.2
38 7
38 9
' 2 8
'40.5
' 38 2
' 39 5
'35.0
38 8
2 7
40.3
38 5
39 6
35.3
'41.6
37.3
64
874
690
67
861
690
67
860
687
68
852
681
67
842
679
67
839
680
69
837
676
'63
'63
'839
'830
' 1, 210 ' 1, 197
'543
'534
'680
'677
606
'605
115
116
'436
'423
276
'275
5,901
1 200
65
825
1,202
537
675
597
116
410
274
HOURS AND MAN-HOURS
Seasonally Adjusted
Average weekly gross hours per production wdrker
on payrolls of private nonagric. estab. 1- .hours. .
Not seasonally adjusted
do
Mining
do
Contract construction
do
Manufacturing: Not seasonally adjusted .. .do
Seasonally adjusted
do
Overtime hours
do
3.6
3.6
3.5
3.3
3.0
2.9
Durable goods
. ...
do
Overtime hours
do
Ordnance and accessories _
do. _ .
Lumber and wood products.
..-do
Furniture and
fixtures
do
Stone, clay, and glass products do
Primary metal industries ..
--do ._
Fabricated metal products
do
Machinery, except electrical
-.
do Electrical equipment and supplies.
do
Transportation equipment
do
Instruments and related products
do
Miscellaneous manufacturing ind. _ . _ -do
41.4
41.3
41.2
41.1
41.3
41.0
40.5
40.7
40.4
40.3
40.4
40.7
40.4
40.2
40.4
42.0
41.8
41.6
42.5
40.4
41.5
40.7
39.0
40.2
39.9
39.9
41.7
42.1
41.4
42.4
40.2
41.2
40.7
38.9
40.3
40.2
40.0
41.8
41.6
41.4
42.2
40.1
40.7
40.9
38.9
40.5
40.3
40.0
42.1
41.7
41.5
42.6
40.3
41.4
40.9
39.3
40.6
39.6
39.5
41.7
41.2
41.4
42.2
40.5
40.2
40.7
39.3
41.3
40.1
39.3
41.7
40.9
41.1
41.9
39.7
40.3
40.2
38.6
41.1
39.5
39.4
41.8
40.7
41.2
41.8
40.2
40.4
40.7
39.0
41.1
39.8
39.3
41.6
40.1
40.9
41.4
40.0
39.7
40.5
39.0
40.8
39.7
38.8
41.3
40.2
40.6
41.1
39.7
40.3
40.1
38.7
40.6
39.6
38.9
41.1
40.4
40.9
41.1
39.5
41.6
40.2
38.6
40.3
39.8
39.3
41.2
40.7
41.3
41.1
40.4
41.2
40.3
39.1
40.3
2 9
40.4
39.8
39.0
41.0
40.4
40.6
40.9
39.9
40.7
40.0
38.6
Nondurable goods
...
Overtime hours. . _ .
Food and kindred products
Tobacco manufactures
.
Textile mill products
- . .
Apparel and other textile products
39.8
39.7
39.6
39.6
39.8
39.6
39.3
39.4
39.4
39.1
39.0
39.3
39.1
40.8
37.2
40.7
35.8
40.8
36.2
40.9
36.0
41.0
38.3
40.4
35.6
3.0
40.8
37.4
40.8
35.9
40.6
37.3
40.6
35.8
40.7
37.3
40.1
35.5
3.0
40.5
37.5
40.2
35.6
40.6
38.3
40.6
35.5
40.7
37.1
39.8
35.1
40.3
37.4
40.0
35.2
2.9
3.0
40.8
37.9
41.2
36.1
40.2
37 9
40.3
35.5
40.7
37.4
39.9
35.1
'40.0
' 36 1
'38 8
'34.2
42.9
38.3
41 8
42.5
41 5
38 3
43.0
38.4
41.8
42.6
41 1
37.2
42.8
38.2
41.7
42.6
40.9
37.2
42.7
38.4
41.8
42.6
40.8
37.3
42.8
38.6
41.8
42.3
41.1
37.7
42.8
38.2
42.0
42.5
40.9
37.5
42.3
38.0
41.8
42.7
41.0
37.1
42.2
38.0
41.8
42.2
40.7
37.4
42.1
37.9
41.4
41.9
40.7
37.4
41.8
37.7
41.5
42.5
40.0
37.7
41.6
37.7
41.5
42.6
40.4
37.6
41.7
37.9
41 5
42.6
40 8
37 6
41.7
37.6
41 3
43. 1
40 4
36 8
41.4
'37.4
42 0
43 0
r 40 0
36 5
' 43 3
r 39 5
r 37 o
41.6
37.4
41 3
43 0
39 0
36 9
40.6
36 0
40.1
34 7
37.0
34 7
40.7
35.6
40.2
34 2
37.1
34.7
40.9
35.5
40.3
34.0
37.0
34.6
40.7
35.5
40.3
34.0
37.2
34.7
40.8
35.5
40.5
33.8
36.9
34.6
40.7
35.4
40.3
33.8
36.9
34.4
40.7
35.4
40.2
33.7
37.0
34.4
40.6
35.3
40.1
33.8
37.0
34.7
40.2
35.3
40.1
33.7
36.9
34.4
40.6
35.4
40.1
33.9
36.8
34.5
40.6
35.4
39.9
33.8
36.7
34.4
40.7
35 4
40 0
33 9
36.8
34 6
40.6
35 4
39 9
33 9
36.9
34 7
40.5
35 2
39 7
r 33 g
36.7
34 5
40 5
35 2
r 39 9
r 33 g
'36.7
r 34 4
40 2
35 3
40 1
33 9
36.9
34 3
Man-hours in nonagric. estab., all employees, seasonally adjusted at annual ratef.bil. man-hours. . 134. 77
139. 09
139. 90
139. 97
140. 25
139. 44
139. 70
140. 21 139.74
139. 05
138. 39
138.70
115.5
77 9
112 6
118 0
123 5
118.1
80 6
119 2
119 8
126 0
117.9
81.1
118.8
119.6
126.4
117.1
82.0
121.4
118.1
123.3
117.8
81.8
122.5
118.7
124.1
115.4
80.9
113.4
117.5
121.8
115.6
82.2
121.1
116 1
120.0
115.5
81.6
120.6
116 3
120 8
114.1
81.1
119.7
114 7
118 5
111.7
79 5
116 0
112 6
116 3
111.3
79 3
113 4
112 6
116 2
111.3
79 i
112 7
112 7
116 1
109.8
78 6
112 0
111 0
114 1
' 107. 5 ' 105. 5 104.9
81 fi
' 78 5 r ft/I 0
' 103 5 ' 109 4 109 4
1 AC 9
109' 8 r lOfi 1
•I AC I
' 112* 9 r lOfi fi
do. do
do
do
223 7
94.3
127 3
108 9
208.6
94.8
130 3
113.0
192.3
92.6
128.7
112.2
190.5
93.6
127.7
112.5
186.9
94.2
127.4
113.5
178.2
92.4
125.5
110.9
180.1
92.1
123.3
111.3
174.6
90.1
123.6
110.5
165.4
89.5
122.0
108.9
161 9
88.7
117 0
106 9
156 5
87 5
116 4
106 2
148
87
117
105
5
2
9
2
146 7
87* 2
116 7
104 8
r 143 o ' 136 5 135 1
' 87 5 ' 86 8 87 7
' 116 2 r 1 1 7 ^ 1 1ft 9
105 6 ' 104 6 104 1
_.
do
do
do
110 3
126 5
133.2
114 9
130 7
138.2
118.6
129.8
139.1
116.8
129.7
137.8
116. 5
130.5
139.8
113.4
129.0
137.7
111.1
126.9
136.5
109 6
126.9
136.2
106.6
125.0
133.4
105 6
121 9
129.9
105 8
122 5
128.1
106 5
123 8
127.6
105 5
121 9
124.3
' 108 5 r 101 R
' 120 3 r 1 1 c 7
' 121. 2 '117.8
Electrical equipment and supplies
Transportation equipment..- _. .-.
Instruments and related products
Miscellaneous manufacturing ind
do
-do
do
.do
143 0
122 4
126.6
109 4
145 7
121.5
131.4
109 6
148.5
121.7
130.7
108.7
136.3
116.1
130.9
107.1
136.0
116.9
130.9
112.7
135.7
112.0
128.9
110.1
140.8
104.7
127.3
108.1
143.0
110.4
128.9
108.0
141.3
107.4
128.3
105 7
138 2
106 8
125.7
104 0
137 8
109 6
123.4
103 1
140 1
106 9
122.8
103 5
135 9
105 2
120.1
101 8
' 132 6 r 1 9Q fi
' 103 0 r ftl Q
' 117. 9 ' 117. 2
do
do
do
-do .
do
110 8
96.2
83 1
107. 1
117.3
111 6
97.4
78 3
106.2
116.9
110 7
95.4
77.3
104.6
115.9
111 4
98.1
76.0
104.9
115.8
111 8
98.0
70.6
105.6
116.9
111.9
99.5
78.2
104.8
116.0
110 8
100.0
76.2
102.7
114.1
110 4
99.0
76.6
102.2
114.2
109 8
97.8
78 2
103 1
113.7
107 7
98.0
76 9
100 2
111.0
107 9
96.9
76 4
99 5
112.1
108 3
95.8
77 4
99 9
113.9
106 9
96.5
78 7
98 6
111.0
' 10*1 6
do
do
do
do
do. ..
do
Paper and allied products
do
Printing and publishing
do
Chemicals and allied products
. . .do
Petroleum and coal products . do
Rubber and plastics products, nee
do
Leather and leather products .
do
Trans., comm., elec., gas, etc*..
Wholesale and retail trade
Wholesale trade
Retail trade. . .. .. . _
Finance, insurance, and real estate
Services*
do
do
do
--do ..
do
.. . do
3.8
41.5
40.6
40.6
41.8
41.6
41.7
42.1
40.3
42.2
40.5
39.4
3.3
3.8
3.4
3.5
3.6
3.3
3.5
3.5
3.6
3.3
3.3
3.4
3.4
3.2
3.2
3.2
3.2
3.2
3.2
3.0
3.0
3.1
3.2
3.0
3.0
3.1
3.0
2.7
'39.7
'39.6
38.3
40.9
'40.9
'39.8
' 40.1
39.2
39.8
'39.4
'38.1
38 6
2.8
r 41 2
Seasonally Adjusted
Man-hour indexes (aggregate weekly), industrial
and construction industries, totalf
1957-59=100..
Mining.
..
do
Contract construction . . . .
do
Manufacturing
do
Durable goods
do
Ordnance and accessories
Lumber and wood products
Furniture and
fixtures
Stone, clay, and glass products.
Primary metal industries.
Fabricated metal products.
Machinery, except electrical
.
.
Nondurable goods
Food and kindred products
Tobacco manufactures.
_
Textile mill products
. . .
Apparel and other textile products
r
Revised.
*> Preliminary.
^Beginning with the June 1970 SURVEY, payroll employment, hours, earnings, and turnover
data reflect actual employment levels for Mar. 1969 and new seasonal factors. Data in the 1969
BUSINESS STATISTICS are in accordance with Mar. 1968 benchmarks and are not comparable
138. 24 ' 138. 09 '137.03 '136.85
r 10O 9
r QQ 1
' 94. 5 '94.9
' 69 3
' 96* 2 r Qfi ft
' 108. 5 109.9
QQ
9
m
n
116.1
1 97 O
80 4
116.7
QQ 9
95.8
7f» o
Qfi ^
111.3
with current estimates nor with the revised historical statistics to appear in the 1970 BLS
Bulletin No. 1312-7, "EMPLOYMENT AND EARNINGS, UNITED STATES, 1909-70," to be available
from the Superintendent of Documents, Govt. Printing Office, Wash., D.C. 20402.
* New series.
f Data beginning 1968 have been revised to new benchmarks.
SURVEY OF CURRENT BUSINESS
December 1970
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1968
1969
1969
Annual
S-15
Oct.
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov. v
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HOURS AND MAN-HOURS— Continued
Man-hour indexes, seas, adjusted— Continued
Manufacturing indus., nondurable goods— Con.
Paper and allied products
1957-59=100
Printing and publishing
do _ . .
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products, nee
-do .
Leather and leather products
do
117.4
117.3
122.7
83.0
158.5
95.9
120.9
120.2
125. 3
79.3
166.3
90.1
121.0
121.0
124.3
83.0
165.5
88.3
120.7
121.8
124.6
83.0
164.7
88.2
121.7
122.6
124.8
82.4
165.2
89.5
121.9
121.3
125.2
83.5
165.1
88.7
120.2
120.5
124.0
83.9
163.7
86.5
120. 2
120.5
123.4
82.9
162.1
86.9
119 5
119 7
121 6
81 7
161 1
87.2
117. 5
118.0
121.1
82.8
144.9
87.6
116.6
117. 6
120.5
83.0
154.2
88.0
115.8
118.4
120. 9
83.0
159.3
87.7
114.9
116.8
119.8
83.3
153.8
83.4
' 114. 7 ' 113. 4
' 116. 9 ' 116. 0
122.6 ' 120. 1
81.7
'83.0
' 153. 4 ' 146. 9
82.4
'83.3
114.0
116.0
118.8
82.4
140.6
82.7
107. 73
142. 71
164. 93
122. 51
132. 07
135. 29
104. 34
100. 28
124. 98
147. 68
131. 77
141. 46
118. 08
155. 72
120. 69
98.50
109. 05
114. 24
93.99
91.05
79.78
130. 85
133. 28
136. 27
159. 38
121. 18
85.41
138. 85
86.40
122. 31
74.95
101. 75
84.32
114. 61
154. 80
181. 16
129. 51
140. 01
138. 17
110. 15
105. 85
133. 98
158. 42
138. 94
152. 15
124. 84
161. 85
128. 21
103. 74
115. 53
120. 77
97.99
95.47
82.93
139. 32
141. 70
145. 05
170. 40
126. 18
87.79
147. 74
91.14
129. 85
78.66
108. 33
91.26
117.31
159.78
189. 97
132. 28
142. 83
140. 24
114. 05
108. 81
137. 67
160. 55
141. 36
155. 61
126. 45
165. 51
131. 29
105. 72
117. 51
121. 29
96.11
98.57
83.77
142. 66
144. 77
148. 04
173. 77
128. 86
88.80
151. 70
92. 13
132. 59
79.20
109. 45
92.81
117. 38
161.08
184. 39
132. 36
142. 55
143. 32
114. 11
108. 81
137. 85
159. 39
141. 86
154. 87
126. 77
165. 17
132. 75
106. 90
118. 21
123. 41
97.73
99.46
83.77
142. 43
145. 15
149. 52
175. 07
128. 64
90.51
152. 15
92.58
133. 87
79.30
111.23
94.11
117. 62
160.64
189. 13
134. 89
145. 53
143. 91
113. 88
110. 57
137. 76
161. 38
143. 79
160. 33
129. 65
170. 49
134. 23
109. 02
119. 60
124. 64
98.26
99.95
84.37
144. 29
148. 59
150. 36
170. 97
130. 31
93.45
151. 78
93. 18
135. 94
80.14
110. 26
94.11
116. 12
159.05
181. 00
131. 93
142. 04
144. 73
110. 65
105. 42
134. 15
159. 42
141. 45
156. 14
128. 15
161. 20
132. 03
108. 25
117. 99
124. 74
106. 39
96.80
83.07
142. 04
143. 26
150. 12
176. 40
128. 21
92.74
151. 07
93.02
134. 67
79.49
111. 44
93.98
116. 55
160. 60
186. 21
130. 94
140. 24
144. 43
111.90
104. 49
134. 15
157. 08
140. 48
155. 87
127. 04
157. 21
131. 45
108. 64
117. 69
123. 20
106. 64
96.80
83.78
140. 37
144. 02
149. 76
176. 81
127. 48
92.38
151. 88
93.80
135. 20
79.92
112. 48
95.01
117. 92
160. 27
188. 23
132. 40
142. 51
145. 66
112. 97
105. 96
137. 12
157. 49
142. 33
157. 88
129. 92
160. 40
133. 50
109. 20
118. 78
124. 00
105. 56
97.04
84.85
140. 70
145. 92
150. 48
176. 81
127. 26
91.64
150. 75
93.80
136. 00
80.49
112. 85
96.81
117.34
163.35
192.91
131.80
141. 50
146. 06
114.62
105. 65
139.03
156.35
142.10
155.25
128.30
156.80
132. 59
108. 64
118. 56
124. 49
110. 56
96.56
83.90
140. 53
145. 15
150. 18
179. 77
127. 35
90.02
149. 25
93.88
135. 66
80.25
111.81
95.70
118. 40
162.26
194. 31
132. 93
143.07
146. 47
117.09
105.88
140.27
157. 56
143. 26
154.95
129.49
164.02
132.00
108.47
118. 95
127. 98
110. 03
96.47
82.84
142.12
145. 89
151. 42
181.90
123.29
93.38
153.12
94.50
136.06
81.41
111. 57
96.04
120. 05
163. 88
196. 99
134. 40
144. 94
146. 11
119. 50
107. 92
141. 10
159. 54
145. 49
155. 32
130. 68
170. 56
133. 39
108. 75
119. 95
127. 58
115. 14
97.93
84.25
142. 61
147. 03
152. 72
181.04
127. 26
94.87
156. 29
96.12
136. 80
82.86
111. 57
96.95
121. 45
163. 88
200. 20
134. 46
143. 87
143. 28
118. 31
107. 86
141. 25
159. 96
144. 79
153. 06
132. 14
166. 06
132. 87
108. 29
121. 44
128. 61
113.63
96.96
84.61
144. 70
148. 18
153. 59
184. 45
129. 68
93.99
159. 06
98.10
137. 83
85.16
112. 61
98.77
122. 20
163. 97
204. 05
134. 13
143. 92
145. 52
122. 31
111.00
142. 35
160. 80
144. 89
152. 31
131. 74
164. 40
133. 73
108. 85
121. 04
128. 96
104. 81
97.60
85.56
146. 23
149. 31
153.68
184. 03
130. 41
91.76
159. 51
98.74
138. 35
85.40
113. 65
99.75
'121.73 '121.73
' 164. 55 '168.13
'194.03 ' 203. 42
135. 43 133. 85
'145.56 '143.16
' 146. 00 '147.53
'121.70 '121.39
108. 92 '111.44
'142.83 ' 143. 66
'166.46 '157.21
'145.44 '143.82
' 152. 76 '153.92
'131.54 '132.87
'167.66 '163.22
'134.64 '136.34
'109.16 '110.58
122. 15 '122.07
'130.56 '129.92
'108.29 '111.79
' 96. 19 ' 99. 50
' 83. 45 ' 84. 70
'147.97 '147.14
'151.18 '149.97
' 158. 76 '155.32
'187.49 '187.49
' 132. 03 '129.28
' 90. 86 ' 92. 37
'159.95 '159.96
96.60
' 97. 08
' 137. 76 '138.85
' 84. 07 ' 83. 08
'113.09 ' 114. 82
99.76 ' 99. 81
121.07
167. 78
196. 02
134. 24
143. 56
154. 16
120. 99
111.95
143. 38
155. 21
144. 23
154. 71
133. 27
163. 62
137. 76
112. 32
122. 85
130. 82
113. 87
100. 80
85.78
147. 55
150. 35
157. 70
186. 62
127. 73
93.24
159. 18
96.60
140. 00
83.08
115. 87
101. 23
95 28
78 61
106. 75
88.08
99 99
78 30
111.44
87.27
102 06
78 63
113. 57
87.50
102 11
78 25
113. 63
87.07
102 30
77 91
115. 61
88.05
101 97
77 37
114. 48
86.86
102 32
77 22
113. 69
85.80
103. 39
77.62
114. 85
86.22
102 95
76 83
114. 37
85.35
103 77
77 10
115. 27
85.64
105 08
77.72
116. 43
86.12
106 18
78 25
116. 48
85.84
106 78 '106.40 106. 40
78. 51 ' 77. 89 77.44
116. 22 117. 25 116. 00
85.83
84.43
85.46
2.85
3 35
4.41
3.01
2.88
3.19
3.05
3.26
2.57
2.47
2.99
3.55
3.16
3.36
2.93
3.69
2.98
2.50
2.74
2 63
2.80
2 48
2.21
2.21
3.05
3.48
3.26
3.75
2.92
2.23
3.42
2.40
3 05
2. 16
2.75
2.43
3.04
3 60
4.78
3.19
3.06
3.39
3.24
3.42
2.74
2.62
3.19
3.79
3.34
3.58
3.09
3.90
3. 15
2.66
2.91
2 79
2.96
2 62
2 34
2.31
3.24
3.69
3.47
4.00
3.07
2.36
3.63
2.56
3 23
2 30
2.92
2.63
3.12
3 69
4 96
3.25
3.11
3 45
3.29
3.48
2.83
2.68
3.27
3.85
3.39
3.67
3.13
3.95
3.21
2.69
2 96
2 84
2.98
2 49
2 41
2.34
3.31
3.77
3.55
4.06
3.12
2.40
3.70
2.61
3 29
2 35
2.95
2.69
3.13
3 72
4 97
3 26
3.12
3 46
3.31
3.53
2.86
2.70
3.29
3.85
3.41
3.67
3.13
3.98
3.23
2.72
2 97
2 85
3.01
2 62
2 42
2.34
3.32
3.78
3.56
4. 10
3.13
2.42
3.72
2.63
3 33
2 36
2.99
2.72
3.12
3 71
5 03
3.29
3.15
3 49
3.34
3.51
2.84
2.71
3.28
3.87
3 44
3.72
3. 17
4.04
3.25
2.76
2 99
2 87
3.04
2 67
2 42
2.35
3.34
3.81
3.58
4 10
3.14
2.44
3.72
2.61
3 34
2 35
2.98
2.72
3.13
3 76
5 07
3.29
3.17
3 49
3.36
3.53
2.83
2 71
3.28
3.86
3 45
3.70
3.18
4 02
3.26
2.79
3 01
2 90
3.08
2 86
2 42
2.36
3.35
3.80
3.60
4 21
3.15
2.46
3.73
2.65
3 35
2 38
3.02
2.74
3.15
3 77
5 06
3 29
3.17
3 48
3.36
3.54
2.84
2.70
3.28
3.85
3 46
3.72
3.20
3 97
3.27
2.80
3 01
2 90
3.08
2 89
2 42
2.36
3.35
3.81
3.60
4 23
3.14
2.47
3.75
2.68
3 38
2 40
3.04
2 77
3.17
3.78
5.06
3.31
3.19
3.51
3.38
3.57
2.86
2.71
3.32
3.86
3.48
3.75
3.24
4.01
3.28
2.80
3.03
2 92
3.10
2 90
2.42
2.37
3.35
3.84
3.60
4.23
3.15
2.47
3.75
2.68
3 40
2 41
3.05
2 79
3.18
3 79
5 09
3 32
3.21
3 52
3 40
3.58
2.88
2 73
3 35
3 87
3 50
3^75
3 24
4 00
3 29
2.80
3 04
2 93
3.12
2 98
2 42
2 37
3.37
3.85
3.61
4 26
3.16
2.48
3.75
2.69
3 40
2 41
3.03
2 79
3.20
3 80
5 10
3 34
3.22
3 55
3.42
3.59
2.92
2.75
3.38
3.90
3 52
3.77
3.27
4 06
3.30
2.81
3 05
2 94
3.16
2 99
2 43
2.36
3.40
3.88
3.64
4.25
3.09
2.49
3.79
2.70
3 41
2 43
3.04
2.80
3.21
3 82
5 13
3.36
3.23
3.57
3.44
3.59
2.98
2.76
3.40
3.92
3.54
3.77
3.30
4.10
3.31
2.81
3 06
2 95
3.15
3 03
2 43
2.38
3.42
3.90
3.68
4.23
3.15
2.49
3.84
2.70
3 42
2 43
3.04
2.81
3.23
3 8^
5 20
3 37
3.25
3 57
3 45
3.60
2.98
2 yg
3 42
3 94
3 54
3.77
3 32
4 08
3 33
2.82
3 09
Miscellaneous hourly wages:
Construction wages, 20 cities (ENR) : &
Common labor
$nerhr
4.201
Skilled labor.
.."..""
do " 5 956
Farm, without board or rm., 1st of mo
do
1 44
Railroad wages (average, class I)
do"
*3 466
4.629
6 514
1 58
1
3. 708
4.823
6 767
1 51
3 717
4.848
6 802
4.853
6 831
4.913
6 912
4.927
6 921
4.963
6 963
1 66
5.048
7 144
5.168
7.240
3 798
3 747
4.891
6 903
1 67
3 820
3 874
3 801
WEEKLY AND HOURLY EARNINGS
Not Seasonally Adjusted
Avg. weekly gross earnings per prod, worker on
payrolls of private nonagric. estab. 1__ .dollars. .
Mining
- do. .
Contract construction
-do _ _
Manufacturing establishments
-do
Durable goods
..
do..
Ordnance and accessories.
do
'Lumber and wood products
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Primary metal industries
do
Fabricated metal products
do
Machinery, except electrical.
do .
Electrical equip, and supplies
do
Transportation equipment
do
Instruments and related products -.. .do
Miscellaneous manufacturing ind
do
Nondurable goods - _
do
Food and kindred products
do
Tobacco manufactures
.- -do
Textile mill products
do
Apparel and other textile products
do
Paper and allied products
do
Printing and publishing-- do
Chemicals and allied products
do
Petroleum and coal products
do Rubber and plastics products, nee. ...do
Leather and leather products
do
Trans., comm., elec., gas, etc.*. . .
.do ...
Wholesale and retail trade
.do
Wholesale trade
do
Retail trade.
do
Finance, insurance, and real estate.
do
Services*
do
Spendable earnings per worker (with 3 depend1957-59 dollars .Manufacturing
current dollars
1957-59 dollars..
Avg. hourly gross earnings per prod, worker on payrolls of private nonagric. estab. 1
dollars ..
Mining
do
Contract construction
_.
do
Manufacturing..
do
Excluding overtime
do
Durable goods.
do
Excluding overtime--. ._.
- do
Ordnance and accessories
do
Lumber and wood products
do
Furniture and
fixtures
do
Stone, clay, and glass products
do.- .
Primary metal industries
do
Fabricated metal products
do
Machinery, except electrical
do
Electrical equip, and supplies
do.. Transportation equipment... .
do
Instruments and related products
do
Miscellaneous manufacturing ind
do
Nondurable goods..
do
Excluding overtime
do
Food and kindred products
do
Tobacco manufactures
do
Textile mill products
..
do
Apparel and other textile products
do
Paper and allied products
_do
Printing and publishing
do Chemicals and allied products
...do
Petroleum and coal products...
do
Rubber and plastics products, nee
do
Leather and leather products
.do
Trans., comm., elec., gas. etc.*
do
Wholesale and retail trade
do
Wholesale trade
do
Retail trade
do
Finance, insurance, and real estate
do
Services*
..
do
'Revised.
» Preliminary.
1 Includes adjustments not distributed by months.
II bee corresponding note, p. S-14.
*New series.
c? Wages as of Dec. 1,1970: Common, $5.53; skilled, $7.706.
9 qo
3.16
3 03
2 43
2 39
3.47
3.92
3.71
4 25
3.21
2.48
3.87
2.71
3 J.9
2 44
3.06
2 83
5.396
7 50
1 66
3.25
3.84
5.30
3.37
3.25
3.58
3.46
3.62
3.05
2.81
3.43
3.99
3.56
3.77
3.31
4.11
3.36
2.82
3.08
2 97
3.13
2 78
2.44
2.41
3.49
3.95
3.73
4.26
3.22
2.48
3.90
2.72
3 45
2.44
3.08
2.85
5.42
7.553
'3.29
'3.89
'5.36
3.42
3.29
'3.63
3.49
3.65
'3.05
2.80
'3.45
'4.07
3.60
3.80
'3.33
'4.15
3.40
'2.85
3.14
3.02
'3.20
' 2.88
2.46
2.44
'3.54
'4.01
3.78
4.32
'3.26
' 2. 51
3.93
2.75
3.47
2.48
'3.09
2.90
'3.29
'3.91
'5.41
3.38
3.26
3.57
'3.45
'3.67
3.05
2.80
'3.47
'3.99
'3.56
'3.81
'3.33
'4.03
'3.40
'2.85
'3.13
3.01
'3.20
'2.83
'2.50
'2.42
3.52
'4.01
'3.77
'4.31
'3.24
'2.51
'3.94
2.76
'3.48
2.48
'3.12
'2.91
3.29
3.92
5.43
3.39
3.28
3.58
3.47
3.76
3.04
2.82
3.48
3.99
3.57
3.82
3.34
4.04
3.41
2.88
3.15
3.04
3.23
2.95
2 52
2.43
3.53
4.02
3.80
4.33
3.25
2.52
3.94
2.76
3.50
2.48
3.14
2.96
5.427
7.61
5.480
7.64
1.61
5.52
7.67
§ Data for 1970 are calculated on an annual basis with regard to Federal income taxes.
Instead of reflecting changes as of July 1, 1970 in personal exemptions and in surtax, data
reflect personal exemptions of $625 and surtax of 2.5 percent throughout the year.
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1968
1969
1969
Oct.
Annual
December 1970
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HELP-WANTED ADVERTISING
1957-59=100-.
206
228
227
222
217
203
203
194
186
180
175
172
170
162
••146
LABOR TURNOVERA
Manufacturing establishments:
"Unadjusted for seasonal variation:
Accession rate, total
mo. rate per 100 employ ees__
New hires
do
Separation rate, total
- -do __
Quit
do___
Layoft*
do
Seasonally adjusted:
Accession rate total
do
New hires
__do __
Separation rate total
do
Quit
'
do
4.6
3.5
4.6
2.5
1.2
4.7
3.7
4.9
2.7
1.2
5.0
4.0
5.3
2.9
1.3
3.6
2.8
4.3
2.1
1.3
2.9
2.1
4.2
1.6
1.8
4.0
2.9
4.8
2.1
1.7
3.6
2.5
4.3
1.9
1.6
3.7
2.6
4.5
1.9
1.6
3.7
2.6
4.8
2.1
1.7
4.2
2.8
4.6
2.1
1.5
5.4
3.9
4.4
2.1
1.5
4.4
2.9
5.3
2.1
2.3
5.1
3.5
5.6
3.0
1.7
'4.7
••3.4
6.0
p3.8
p 2. 7
v 5.3
P2.1
p2. 2
4.7
3.6
5.0
2.7
1.3
4.4
3.4
4.8
2.6
1.3
4.6
3.5
4.5
2.5
1.4
4.2
3.3
5.0
2.5
1.5
4.3
3.1
5.1
2.4
1.7
3.9
3.0
5.0
2.2
1.8
4.0
2.8
5.2
2.2
2.0
4.2
2.7
5.0
2.1
1.9
4.0
2.7
4.8
2.2
1.9
4.1
2.8
4.9
2.2
1.6
4.1
2.9
4 5
2 1
1.8
'3 8
4 4
'2 0
T
1.9
5,700
2,481
531
337
324
131
196
51
260
55
290
106
390
294
600
2319
750
2309
600
212
490
192
420
135
550
539
410
159
42, 869
850
421
3,168
611
368
4,308
446
276
3,882
420
233
3,730
460
29.6
1,820
570
364
2,230
810
960
2
385
2470
4, 181 2 7, 516
840
428
5,040
750
354
4,378
700
202
2,800
810
655
7,625
10 056
5,153
463
372
311
326
295
328
352
339
374
333
'330
1,177
929
1,105
1,464
1,958
1,988
1,917
1,885
1,778
1,696
1,897
1,855
r
10, 385
1,101
745
864
866
1,030
1,363
1,375
1,529
1,847
1,169
1,874
1,078
1,798
1,333
1,770
1,010
1,667
1,118
1,583
1,502
1,761
1,068
1,710
1 072
»•! 607
2.1
923
2, 127. 9
1.6
2.2
686
139.5
2.0
2.3
763
136.6
2.7
'2.4
1,020
214.3
3.6
2.5
1,459
299.4
3.6
2.6
1,629
310.8
3.5
r
2.8
1,581
331.1
3.4
3.2
1,533
320.2
3.2
36
1,462
292.9
3.0
37
1,382
291.7
3.3
3.6
1,414
314.2
32
37
1,500
311.4
30
41
1 375
298.4
20
18
22
24
28
30
29
27
26
27
31
33
32
333
37
34
87.0
29
32
28
6.3
30
38
32
6.2
39
48
42
9.5
44
61
55
12.0
38
66
61
12.0
42
69
66
14.2
47
70
67
14.6
38
70
67
14.0
47
73
69
15 3
51
84
77
18.0
44
89
87
18 6
46
81
81
100
17
37.0
10
15
2.9
5
14
2.5
5
17
3.2
9
20
4.1
4
18
3.4
9
19
3.7
8
16
3.6
4
15
2 4
12
11
2 3
21
15
2 0
16
17
30
12
18
16
22
2 9
Seasonally adjusted index J
INDUSTRIAL DISPUTES
Strikes and lockouts:
Beginning in period:
5,045
Work stoppages
number
2,649
Workers involved"
_.
thous __
In effect during month:
Work stoppages
- - -.number
Workers involved
thous
Man-days idle during period
_ do _ - 49, 018
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
5,733
Nonfarm placements
_
.
thous__
Unemployment insurance programs:
1,187
Insured unemployment, all programs §
do ...
State programs:
10,
463
Initial claims
do _
1,111
Insured unemployment, weekly avg _ _ d o _ .
Percent of covered employments
2.2
Unadjusted
Seasonally adjusted
936
Beneficiaries, weekly average
thous _
2,031.6
Benefits paid
mil. $
Federal employees, insured unemployment,
23
weekly average
thous
Veterans' program (UCX):
289
Initial claims
do
32
Insured unemployment, weekly avg do
29
Beneficiaries, weekly average
_do
69.2
Benefits paid
mil. $ _
Railroad program:
139
Applications
_
_
thous.
20
Insured unemployment, weekly avg.-.do
40.4
Benefits paid
mil. $
2
'3.3
r
1.7
••2.7
v 148
p 3. 6
p 2. 4
P5 0
p19
p2.2
650
608
340
1, 746
18 3
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
mil. $-.
Commercial and finance co. paper, total
do
Placed through dealers
do
Placed directly (finance paper)
do
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period
mil. $..
Farm mortgage loans:
Federal land banks
do
Loans to cooperatives
do
Other loans and discounts
do
4,428
20, 497
7,201
13,296
5,451
31, 709
11,817
19,892
5,256
31,881
12, 086
19,795
5,212
33,636
12, 524
21,112
5,451
31, 709
11,817
19,892
5,288 5,249
34,362 36,020
12,038 12,875
22,324 23,145
5,352
37,164
13, 634
23, 530
5,614
37,966
13, 735
24,231
5,801
39,674
13, 952
25, 722
5,849
37, 748
12, 989
24, 759
5,973
36,911
12, 034
24,877
5,979
36, 524
12,044
24,480
5,848
33,924
12, 518
21, 406
6,167
34,401
13, 084
21, 289
11,748
13, 204
12,819 U2,803
13, 204
13,388
13, 597
13,826
14,032
14,190
14, 353
14,308
14, 338
14,443
14, 573
6,714
1,732
4,758
6,738
1,804
4,846
6,777
1,844
4,975
6,833
1,840
5,154
6,891
1,828
5,313
6,942
1,796
5,452
6,995
1,749
5,609
7,026
1,762
5,519
7,061
1,778
5,499
7,101
1,852
5,489
7,137
1,973
5,463
6,126
1,577
4,044
6,714 6,700
1,680
1,732
4,758 i 4,439
Bank debits to demand deposit accounts, except
Interbank and U.S. Government accounts,
annual rates, seasonally adjusted:
Total (233 SMSA's)O
bil. $..
New York SMSA
do
Total 232 SMSA's (except N.Y.)
6 other leading SMSA's J _ _ _
226 other SMSA's
6,704
1,705
i4,394
9,527. 0 9,484.4 9,560. 4 9,547. 5 9,793.5 9,845.3 10,170.2 10,021.8 10,143.3 10,218.1 10,557.7 •10,559.4 10,792.1
4,127. 6 4, 207. 5 4,198. 2 4.054.0 4,232.1 4,336. 7 4, 422. 0 4, 249.4 4, 366. 0 4, 324. 3 4, 770. 6 4, 668.1 4,899.8
do....
do
do. _
5,399.3 5,276.9 5,362. 2 5,493. 5 5,561.4 5,508.6 5,748.2 5,772.5 ! 5, 777. 3 5,893.9 •5,787.1 •5,891.3 5, 892. 3
2,254.7 2,224.8 2,212.9 2,277.4 2,309.1 2,291.4 2, 417.9 2,460.0 2,443.3 2, 508. 2 2, 478. 8 2, 502. 9 2, 499. 5
3,144. 7 3,052.1 3,149.3 3.216.1 3,252.2 3,217.2 3,330.3 3,312.5 3,334.0 3, 385. 6 '3,308.3 •3,388.4 3, 392. 8
Federal Reserve banks, condition, end of period:
Assets, total?
mil. $..
78,972
84, 050
81,919
84,315
84,050
Reserve bank credit outstanding, total 9 -do
Discounts and advances
do
U.S. Government securities
do
56, 614
188
52,937
60,841
183
57,154
59, 592
1,690
55, 515
61,603
1,531
57, 318
60,841
183
57,154
Gold certificate account
59, 931
1,565
55,709
83,283
82,709
84,690
84,024
84,102
84,794
85,708
87, 366
59, 595
1,148
55, 823
59,348
684
55, 785
60,729
545
56,508
61,683
1,451
57, 307
60,728
420
57, 714
62,411
1,292
58, 597
62,089
538
59,947
63, 297
852
59, 975
63,527
-•428
60, 015
10, 819
do.
10,026
10,036
10,036
10,036
10,036
11,036
11,045
11,045
11,045
11,045
11,045
11,045
11,045
10, 819
do.
78,972
84, 050
81,919
84,315
84,050
83,133
83,283
82,709
84,690
84,024
84,102
84,794
85,708
87,366
Deposits, total
Member-bank reserve balances
do
do
23,473
21,807
24,338
22, 085
25,150
23, 613
24, 948
23, 385
24,338
22,085
25,608
23, 637
25,348
23,344
24,726
22,495
25,895
23,082
25,187
23,041
23,970
21,991
25,253
23, 072
24,536
22,557
26,037
23,938
26,007
24, 206
Federal Reserve notes in circulation
do
45,510
48,244
46,128
47,191
48,244
46,831
46, 689
46,992
47,254
47,879
48,391
48,746
48,952
49,128
49, 314
Liabilities, total 9
r
Revised.
P Preliminary.
1 Data for indicated month exclude loans by Federal
Intermediate Credit Banks outside the Farm Credit Adm. system.
2 Excludes figures for
the interstate trucking industry stoppage.
J Revised (back to 1960) to incorporate new
seasonal factors; see note "J", p. S-15, Oct. 1969 SURVEY for data through May 1968 (revisions
for June and July 1968,197 and 204).
A See note "T'» p. S-14.
§Beginning Jan. 1970, data include claims filed under extended duration provisions of
regular State laws.
d* Insured unemployment as % of average covered employment in a 12-month period.
OTotal SM SA's include some cities and counties not designated as SMSA's.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland and Lo«
Angeles-Long Beach.
9 Includes data not shown separately.
SURVEY OF CUREENT BUSINESS
December 1970
Jnless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1968
1969
1969
End of year
S-17
Nov.
Oct.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
27,473
27,358
28,096
27, 978
27, 910
27, 729
27, 567
27, 380
187
28, 128
27, 987
28, 349
28,204
181
141
145
28,825 ••28,701
28, 553 ""28,447
f
272
254
'462
607
-335 r -208
28 , 558
28, 432
80, 407
80, 299
Oct.
Nov.
FINANCE—Continued
BANKING— Continued
ill member banks of Federal Reserve System,
averages of daily figures:
Reserves held, total __
mil. $_. 127,221 i 28, 031
Required
- - - do_ __ i 26, 766 i 27, 774
1257
U55
Excess
_do
11,086
»765
Borrowings from Federal Reserve banks. __ do
1-829
1-310
Free reserves
do
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.:}
Deposits:
Demand, adjusted c?
.mil.$-.
88,879
2 90,288
27,340
27,197
27,764
27, 511
143
253
1,135
-992
1,241
-988
1,086
-829
965
-799
1,092
-819
896
-781
822
-704
976
-795
888
-701
1,358
-1,217
827
-682
79,646
79,342
90,288
81,666
78,320
84,189
80,546
77, 923
81,160
79, 857
79, 451
28,031
27, 774
257
28,858
28, 692
166
27,976
27,703
273
115
118
81, 780
126
424
-298
144,249 2 150,897 131,706 135,725 150,897 131,847 131,911 141,131 131,784 134 000 139, 086 128, 669 130, 926 140, 018 131, 032 132, 521
Demand, total 9
- - - do
102,790 2 105,605 90,846 93,110 105,605 92,210 90,334 97,063
Individuals, partnerships, and corp
do
91,703 91, 532 95, 254 91, 029 92, 168 94, 521 92, 380 93, 779
6,142
6,447
5,695
5, 921
State and local governments
, do_ __ 7,671 22 7, 942 5,788 6,452 7,942 6,371 6 323 6 849
7,653
6 390
7 677
6 289
3,437
2, 989
3,908
4,206
4,754
2,989
4,474
4,119
4,281
5,112
3,721
U.S. Government
do
5,473
4,887
3, 569
3 440
5,798
19, 060 220,801 17, 070 18,951 20,801 16,239 16,995 18, 952
Domestic commercial banks
do
16,407 18,960 18, 802 17, 072 18, 195 20, 962 19, 382 19, 186
Time, total 9
Individuals, partnerships, and corp.:
Savings
_ _
Other time
2
do
112,163
96, 589
97,170
96,167
96, 589
95, 017
95, 620
98 229
99,282
99 537 101, 580 106, 495 110, 400 113, 641 114, 802 116, 447
do
do. .
49, 149
45, 076
246,490
2
36, 502
46, 376
37,327
46,318
36,547
46,490
36,502
45,820
35, 632
45,633
35648
46,220
36 523
45,893
36,761
46 122
37 024
Loans (adjusted), totaled
do
Commercial and industrial
do
For purchasing or carrying securities. _ _ do
To nonbank financial institutions
do
Real estate loans
do
Other loans
. _ do
161,820
74, 149
9,563
11, 872
32,106
40, 619
2
175,756
2
81, 491
2
7,811
2
13, 148
2
33, 617
2
44, 177
167,504
77, 649
6,261
10,818
33951
44602
168,748
78,310
6,521
11,000
34 097
44,439
175,756
81,491
7,811
13,148
33617
44 177
167,718 167,600
78020 78,215
5,964
6 246
11,253 11,066
33680 33488
45771 44909
170,963
79 010
7 195
11 658
33 458
46 648
168,511 167 724 172, 560 C171, 862 173, 106 175, 627 173, 826 172, 793
78,907 78 010 80 110 79 342 79, 383 81 173 79, 968 79 905
6,286
6,436
6,537
6,497
5,973
5,919
6,091
6 094
11,115 11 034 12, 903 12, 981 12, 925 13, 231 12,589 12, 489
33 385 33 419 33 496 33 597 33, 710 33 923 34,049 34 061
44 845 45 480 47 393 45 595 47, 392 46 569 47, 038 46 564
Investments total
U.S. Government securities, total
Notes and bonds
Other securities
68 324
29,358
24, 038
38 966
59, 536
23, 853
19, 789
35 683
58617
23,349
20,103
35 268
59272
23,668
20,045
35604
59 536
23,853
19,789
35683
57580
22,435
19 542
35 145
57 048
21,534
19384
35 514
60 566
23, 616
19 387
36 950
60867
22,878
19455
37 989
60 572
22, 662
20 175
37 910
60 346
22,035
19 945
38 311
61 167
23, 283
19 632
37 884
63 416
24, 754
21, 000
38 662
64 851
24,793
20,598
40 058
66, 319
25, 593
20, 720
40 726
68 293
26, 215
21, 939
42 078
397 6
273 8
53.5
70 3
401 2
276 4
53.4
71 4
401 3
278 1
51.9
71 3
398 5
276.6
50.4
71 5
399 7
278 5
49.8
71 4
400 9
277 6
50.3
73 0
403 5
277 0
52.4
74 0
405 9
278 0
53.4
74 5
406 4
277 4
54.1
75 0
412 8
281.5
55.8
75 5
418.3
284.1
57.5
76.7
423 7
287.3
57.6
78 8
424.0
286.9
56.3
80.8
427.3
287. 7
56.5
83.2
5.75
do
do
do_
do
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas, adj.:
Total loans and investments©
bil. $
LoansO
- do. _
U.S. Government securities
do
Other securities
do
vloney and interest rates: §
Bank rates on short-term business loans:
In 35 centers
percent per annum
New York City
do .
7 other northeast centers
do
8 north central centers
7 southeast centers
8 southwest centers
4 west coast centers
.
do
do
do
do ..
384.6
251.6
61.5
71.5
2
2
2
2
2
2
401. 3
278. 1
51. 9
71. 3
2
2
46, 425
38 498
46, 344
41 852
46, 351
44, 673
3
3
8.21
38.02
3
8.53
8.83
8.66
9.21
8 86
8 65
9 23
8 49
8 24
8 86
8.50
8.24
8.89
36.72
3
6 50
3
6. 66
3
6. 64
3
8.83
8 58
8.79
8.81
8.86
8 67
8 87
8.84
8
8
8
8
8.47
8.49
8.53
8.54
6. 68
36.45
8
7 01
Discount rate (N.Y.F.R. Bank), end of year or
month
percent--
8. 24
37.93
3
8.19
3
8. 18
44
44
61
42
46, 811
47 581
47, 013
49, 086
47, 336
50 446
5.50
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6 41
3 7 23
7 81
7 93
8 15
8 46
8 69
8 76
8 75
8 67
8 66
8 66
8 62
8 51
8 30
3
6. 83
36.90
3
3
7. 66
7. 68
7.98
7.98
7.97
8.00
8.07
8.08
8.16
8.13
8.23
8.23
8.29
8.26
8.24
8.19
8.28
8.18
8.31
8.19
8.32
8.21
8.35
8.25
'8.31
"•8. 27
8.33
'8.20
8.25
8.17
Open market rates, New York City:
Bankers' acceptances (prime, 90 days)
do
Commercial paper (prime, 4-6 months)__do ..
Finance Co. paper placed directly, 3-6 mo.do
Stock Exchange call loans, going rate
do
<5.75
45.90
45.69
46.33
47.61
47.83
47. 16
47.96
8.17
8.56
7.86
8.50
8.18
8.46
7.92
8.80
8.58
8.84
7.93
8.50
8.64
8.78
8.14
8.50
8.30
8.55
8.01
8.50
7.60
8 33
7.68
8.40
7.54
8.06
7.26
8.00
8.02
8.23
7.43
8.00
7.78
8.21
7.55
8.00
7.61
8.29
7.64
8.00
7.20
7.90
7.48
8.00
7.03
7.32
7.12
7.90
6.54
6.85
6.76
7.75
5.79
6.31
6.16
7.40
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent..
3-5 year issues
_
do
* 45. 339
5 59
46.677
< 6. 85
7.040
7.47
7.193
7.57
7.720
7.98
7.914
8.14
7.164
7 80
6.710
7 20
6.480
7 49
7.035
7 97
6.742
7 86
6.468
7 58
6.412
7.56
6.244
7.24
5.927
7.06
5.288
6.37
113 191
122 469 118 515 119 378 122 469 121 074 120 077 119 698 120 402 121 346 122 542 123 092 123, 655 123, 907 123 866
Federal intermediate credit bank loans
do
Home mortgage rates (conventional 1st mortgages):
New home purchase (U.S. avg.)
percent..
Existing home purchase (U.S. avg.)
.do
3
CONSUMER CREDIT
(Short- and Intermediate-term)
^otal outstanding end of year or month
Installment credit, total
.
mil $
do
89 890
98 169
95, 850
96 478
98 169
97 402
96 892
96 662
Automobile paper
,
Other consumer goods paper
Repair and modernization loans
Personal loans _
do
do
do
do
34 130
24 399
3 925
26 936
36
27
4
29
602
609
040
918
36,599
25 855
4*084
29 312
36
26
4
29
36
27
4
29
602
609
040
918
36 291
27 346
3 991
29 774
36 119
26 987
3 970
29 816
36 088 36 264
26 814 26 850
3 951 3 960
29' 809 30 030
By type of holder:
Financial institutions total
Commercial banks
Finance companies 1T
do
do
do
77 457
36 952
29 098
84 982
40 305
31 734
83 949
40 006
31 185
84 301
40 047
31 390
84 982
40 305
31 734
84 531
40 144
31 571
84 393
39 990
31 538
84 308
39 956
31 433
84 802
40 245
31 537
85 335
40 515
31* 595
Credit unions
Miscellaneous lenders If
do
do
10 178
1 229
11 594
1 349
11 438
1 320
11 491
1 373
11 594
1 349
11 468
1 348
11 459
1 406
11 533
1*386
11 644
1 376
11 778
1 447
do
do
12 433
13 187
11 901
12 177
13 187
12 871 12 499 12 354 12 302 12 371 12 388 12 426 12,545 12, 671 12,716
337
335
337
337
332
336
333
'333
331
331
exclusive of loans to and Federal funds transactions with domestic commercial banks and
after deduction of valuation reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
9Includes data not shown separately.
©Adjusted to exclude interbank loans: beginning June 1969, data are reported gross.
§For bond yields, see p. S-20.
^Finance companies consist of those institutions formerly classified as sales finance, consumer
finance, and other finance companies. Miscellaneous lenders include savings and loan associations and mutual savings banks.
Retail outlets, total
Automobile dealers.
r
320
336
338
650
223
076
529
337
Revised.
c Corrected.
2
Average for Dec.
Beginning June 1969, data are revised to include all bank-premises
iibsidiaries, and other significant majority-owned domestic subsidiaries; also, loans and
ivestments are now reported gross. For complete details see the Aug. 1969 Federal Reserve
Bulletin.
3 Average for year.
* Daily average.
J Revisions for Jan. 1969 are shown in the Mar. 1970 issue of Federal Reserve Bulletin.
d"For demand deposits, the term "adjusted" denotes demand deposits other than domestic
ommercial bank and U.S. Government, less cash items in process of collection; for loans,
1
336
97 104
97 706
98 699
99 302
99, 860 100, 142
99, 959
36
27
4
30
36
27
4
30
36
97
4
30
918
538
081
765
36, 908
27 801
4 104
31,047
36, 738
28 055
4 123
31, 226
36, 518
28 152
4 126
31, 163
86 311
40 979
31 862
86 876
41 703
31 561
87 315
41, 934
31 588
87 471
42, 051
31, 510
87 243
42, 010
31 309
12 030
1 440
12 141
1 471
12, 292
1,501
12, 409
1,501
12, 422
1,502
455
055
003
193
809
303
040
547
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1968
1 1969
1969
1970
Nov.
Oct.
Annual
December 1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FINANCE—Continued
CONSUMER CREDIT— Continued
Outstanding credit— Continued
Noninstallment credit, total
mil$_.
Single-payment loans total
do
Commercial banks
_
__do__ _
Other financial institutions
do
Charge accounts total
Retail outlets
Credit cards
Service credit
23, 301
9,138
7,975
1,163
24, 300
9,096
7,900
1,196
22, 665
9,025
7,837
1,188
22, 900
9,000
7,795
1,205
24, 300
9,096
7,900
1,196
23, 672
9,092
7,887
1,205
23, 185
9,074
7, 857
1,217
23, 036
9,054
7.843
1,211
23, 298
9,102
7,892
1,210
23,640
9,159
7,925
1,234
23, 843
9,239
8,005
1,234
23, 790
9,254
8,005
1,249
23, 795
9,294
8,041
1,253
23, 765
9,316
8,062
1,254
23, 907
9, 313
8, 059
1, 254
7,755
6,450
1,305
6,408
8,234
6,650
1,584
6,970
7,085
5,568
1,517
6,555
7,238
5,685
1,553
6,662
8,234
6,650
1,584
6,970
7,539
5,932
1,607
7,041
6,789
5,210
1,579
7,322
6,645
5,062
1,583
7,337
6,900
5,289
1,611
7,296
7,273
5,633
1,640
7,208
7,473
5,765
1,708
7,131
7,509
5, 727
1,782
7,027
7,508
5,664
1,844
6,993
7,489
5,617
1,872
6,960
7,656
5, 797
1, 859
6, 938
97, 053
31, 424
30, 593
35, 036
102, 888
32, 354
33, 079
37, 455
8,797
2, 939
2,805
3,053
8,173
2,433
2,817
2,923
10, 096
2,479
4,004
3,613
7,490
2,130
2,663
2,697
7,106
2,214
2,275
2,617
8,243
2,584
2,725
2,934
8,773
2,776
2,792
3,205
8,857
2,696
3,008
3,153
9,534
3,023
3,019
3,492
9,497
2,952
3,141
3,404
8,915
2,540
3,152
3,223
8,580
2,402
3,097
3,081
8,670
2,463
3, 200
3,007
88, 089
28, 018
28, 089
31,982
94, 609
29, 882
30, 369
34, 358
8,303
2,661
2,682
2,960
7, 545
2,382
2,449
9 7^4
8,405
2,527
2,618
3,260
8,257
2,441
2, 926
2,890
7,616
2,386
2,634
2,596
8,473
2,615
2,898
2,960
8,331
2,600
2,756
2,975
8,255
2, 505
2,803
2, 947
8, 541
2,669
2,771
3,101
8,894
2,843
2, 906
3,145
8,357
2,550
2,889
2,918
8,298
2,572
2,843
2,883
8,853
2, 683
3,103
3,067
do
8,661
2,808
2 707
3,146
8,632
2,683
2 841
3,108
8,344
2,472
9 838
3,034
8,521
2,479
9 925
3,117
8,625
2, 536
3,018
3,071
8,392
2,496
2,922
2,974
8,491
2,571
2,843
3,077
9,004
2,595
3,183
3,226
8.683
2, 587
2,925
3,171
9,065
2,685
3,124
3, 256
8,809
2,537
3,168
3,104
8,849
2,621
3,071
3,157
8,580
2, 349
3,113
3,118
do. _
do..
do
do
7,992
2,463
2,615
2,914
8,012
2,503
2, 623
2,886
7,929
2,499
2,552
2,878
8,141
2,469
2,722
2,950
8,207
2, 550
2,761
2,896
8,194
2,501
2,792
2,901
8,195
2,527
2, 729
2,939
8,589
2,600
2,888
3,101
8,242
2,573
2,750
2,919
8, 622
2,752
2,874
2, 996
8,577
2,632
2,967
2,978
8,490
2,599
2, 913
2,978
8,662
2,550
3,036
3,076
1 153,671 r 1 187,784 11,811
1172,802 ' i 183,072 17, 580
i 4, 712 -5,769
1-19,131
14, 336
15, 229
-894
16, 709
15, 237
1,472
16, 297
16, 558
-261
14, 938
14, 999
-61
13, 119
16, 294
-3, 175
140
164
104
do
do _.
-do
do
Installment credit extended and repaid:
Unadjusted :
Extended total
Automobile paper
Other consumer goods paper
All other
do
do
do
do
Repaid, total
do
Automobile paper
_ _ _ _ __do
Other consumer goods paper
do
All other
do
Seasonally adjusted:
Extended, total
do
Automobile paper _ ._ _ __
__do
All other...
_
Repaid, total•
Automobile paper _ _ _ _
Other consumer goods paper
All other
.
FEDERAL GOVERNMENT FINANCE
Budget receipts, expenditures, and net lending: J
Expenditure account:
Receipts (net)
mil $
Expenditure (excl. net lending)
do
Expend, ncct. surplus or deficit (— )
do
Loan account:
Net lending
do
Budget surplus or deficit ( — )
Budget financing, total J
do
do
Reduction in cash balances
do
Gross amount of debt outstanding i
do
Held by the public
do
Budget receipts by source and outlays by agency :t
Receipts (net), total
mil. $__
Individual income taxes (net)
-do
Corporation income taxes (net).
.do.. Social insurance taxes and contributions
(net) _ .
mil. $.
Other
..do
Expenditures and net lending, total 9
do
Agriculture Department
do
Defense Department, military
_ _do
Health, Education, and Welfare Department
mil. $..
Treasury Department
.
do. ..
National Aeronautics and Space Adm
do
Veterans Administration
do
Receipts and expenditures (national income and
product accounts basis), qtrly. totals seas. adj.
at annual rates:
Federal Government receipts total
bil $
Personal tax and nontax receipts
do
Corporate profit tax accruals.
do
Indirect business tax and nontax accruals. do
Contributions for social insurance
do
1-6,030 1-1,476
1-25,161 i 3, 236
i 25,161 i-3,236
i 23, 100 1-11,146
i 2, 061 i 7,910
-236
1,612
6 112 -1,130
6,112
1,130 -1,612
-2,012
2,695
4,388
1,724 -1,565
400
-97
97
-194
291
-254
43 -3, 429
3,429
-43
2,314
-139
96
1, 115
-200
-108
' -480
17
-114
-66
-150
3,986 -2, 459 ' 7, 210 -6,718 -2,323
1,281 -6, 147
6,147
-3,986
2,323 -1,281
6,718
2, 459 '-7,210
2,561
-4,691
2.716 -1,347
1,452 '-3,156
5, 997
3,586
705
-393
66
721
1,007 '-4,054
i 369, 769 i 367, 144 377, 615 381, 192 381, 220 380, 502 380, 988 384, 169 379, 316 382, 932 382, 603 388, 214 392, 545 390, 335 391, 840
i 290, 629 i 279,483 288, 612 291, 306 289, 294 289, 100 288, 961 291, 275 286, 584 288, 036 284, 880 290, 877 293, 593 292, 246 294, 808
1153,671 r 1 187,784 11,811
6,636
i 68, 726 i 87,249
843
i 28, 665 i 36, 678
14, 336
7,236
634
16, 709
6,774
5,527
16, 297
10,660
1,127
14, 938
6,965
645
13, 119
3,419
4,239
22, 029
10, 701
4,578
2,364
1,967
4,078
2,387
2,190
2,219
2,674
1,837
5,408
1,919
3,436
2,025
4,419
2,332
1 184,556 17, 923
i 8, 330
1,276
i 77,877
6,982
15, 466
640
6,051
15, 097
598
6,584
16, 394
731
6,419
14, 894
-77
5,953
16, 548
296
6,377
18, 043
320
6,531
4,311
1,296
327
691
3,857
1,685
267
708
4,137
1,552
296
718
4,261
1,650
291
726
4,120
1,710
299
717
4,387
1,811
325
798
5,485
1,731
332
748
i 34,622 139,918
121,659 * 1 23,940
1 178,833
i 7, 307
i 77, 373
UO T 576
i 114, 655
4, 721
i 6, 858
Federal Government expenditures, total ..do .
Purchases of goods and services
do
National defense
do
Transfer payments
.
do
Grants-in-aid to State and local govts_ ..do .
Net interest paid
do
Subsidies less current surplus of government
enterprises
.
bil. $. .
Less' Wage accruals less disbursements
Surplus or deficit ( — )
-342
18, 725 11,493
17, 329 17, 490
1,396 -5,997
22, 029 13 982 ' 22, 561 12, 609 15, 172
17, 844 16,' 333 '14,871 19, 344 17, 429
4,186 -2, 351 ' 7, 690 -6, 735 -2,257
do
do
r
i 46,594
i 16,924
i 4, 247
i 7, 669
175 4
79.3
37.4
18.0
40.7
200 6
95.9
39.2
19.1
46.5
181.6
99.5
78.0
47.8
18.4
11.8
191.3
101.3
78.8
52.1
20.2
13.1
4.1
4.6
-6.2
1
..I
!
!
13, 982 ' 22, 561 12,617
6,281
5,258 r 9, 353
7, 329
714
838
15, 172
7,219
484
18, 725
9,449
4,278
11,493
6,110
669
' 3, 769
' 2, 109
3,184
2,314
5,330
2,138
2,962
2,036
2,697
2, 018
19, 335
2,649
6, 570
17, 495
2,280
6,059
17, 443
304
6,160
17, 640
1,157
6,140
4,630
1,678
268
730
4,722
1,851
282
764
5,851
2,159
16, 441 ' 15, 350
'182
320
6,185 ' 6, 634
4,809
1,683
285
803
' 4, 952
' 1, 776
378
728
IQfi 7
93.5
202.0
96.9
38.1
19 3
47.7
105 Q
195.9
53.3
21.8
13 9
197.7
102.3
79.3
55.3
23.0
14 3
4 Q
53
5.3
2 i
6.1
2 5
17
93.' 4
34.8
19 3
48.4
102.1
78 S
i
i
i
9.3
4,874
1,818
282.
719
4, 896
1, 264
302
765
' 194. 9
89.4
'35.7
20.1
49.7
34. 9
19 4
48 9
210.9
99.7
76.8
64.4
25.1
14.3
|
206.7
98. 6
75.8
62.9
24.4
14.8
5.6
4
' 11 9
14 2
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance cos.t—bil. $.. 2 188. 64
22 10. 51
Government securities*
do
82. 13
Corporate securities*
do
2 69. 97
Mortgage loans, total
do
Nonfarm
do
2 64.17
Real estate
Policy loans and premium notes
Cash
Other assets
do
do
do
do
2
5.57
2
11 31
2
1.68
2 7.47
196. 66
10.74
83.75
71.71
65.92
197. 23
10.77
83.58
72.13
66.35
2
197. 68
2
10. 96
2
84. 76
2
72.
34
2
66. 62
198. 51
10.98
85. 02
72.53
66.84
199. 40
10.94
85.34
72.62
66.94
199. 09
10.83
85.10
72.79
67.12
5.90
'5.88
' 13. 42 13.58
'1.34
1.29
'8. 29
9.69
5.90
13.80
1.62
9.43
25.92
2
14. 06
2
1.24
28.38
5.98
14.30
1.20
8.50
5.99
14.54
1.40
8.58
6.03
14.76
1.26
8.31
' 196. 13
10. 99
' 84. f'9
' 71. 53
r 65. 73
••1 Revised.
v Preliminary.
Data shown in 1968 and 1969 annual columns are for fiscal years ending
June 30 of the
2
respective years; they include revisions not distributed to months.
Annual data for
199. 17
10.90
84.63
72.98
67.32
6.06
14.95
1.22
8.43 i
199. 68
10.79
84.66
73. 16
67.50
201. 00
11.07
85.40
73.35
67. 69
201. 92
11.09
85.84
73.43
67.77
203. 15
11.00
86.68
73.54
67. 98
203 92
11.03
87. 10
73.73
68.06
6.10
15.18
1.41
8.38
6.11
15.35
1.29
8.38
6.16
15.52
1.37
8.51
6.20
15.67
1.38
8.68
6.26
15.81
1.30
8.70
1968 and monthly data beginning 1970 are annual statement values.
J Revisions for July 1967-Apr. 1969 for budget receipts and expenditures and for Jan.-Mar.
1969 for assets of all U.S. life insurance cos. will be shown later.
9 Includes data for items not shown separately.
*New series.
SURVEY OF CURRENT BUSINESS
December 1970
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1968
1 1969
Annual
S-19
1969
Nov.
Oct.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
1 Sept.
i
Oct.
Nov.
FINANCE—Continued
LIFE INSURANCE— Continued
Institute of Life Insurance— Continued
Payments to policyholders and beneficiaries in
U S total
mil $ 14, 385. 0 15, 524. 5 t, 280. 5 1,117.8 1, 686. 5 1, 285. 2 1, 307. 8 1, 448 0 1, 387. 6 1, 292. 4 1, 405. 6 1, 301. 6 1, 301. 1 1, 348. 1 1 329 9
6, 209. 3 6, 758. 1
629.4
556.1
564.9
608.6
557.3
588.9
633.7
613.4
575.3
549.5
567. 9
483.8
565.6
Death benefits
do
952.6
967.2
81.0
77.9
85.3
82.2
82.7
93.5
85.7
84.3
75.4
71.7
72.4
77.0
81.4
Matured endowments
- do
204.7
16.6
19.6
195.6
16.3
18.1
17.1
21.3
19.9
14.2
18.2
19.1
21.1
21.6
18.8
Disability payments
- __do
141.4
1, 401. 0 1, 558. 6
112.2
165.1
153.1
133.8
140.0
141.2
149.0
129.8
151.3
149.4
146.1
Annuity payments
do
148.7
245.2
230.2
254.0
195.2
238.3 225.7
230.9
260.9
256.2
243.2
223.4
Surrender values
_ do _ 2, 456. 4 2, 721. 6
235.8
231.5
3, 155. 5 3, 328. 9
612.1
233.4
266.3 249.4
252.6
239.6
289.4
223.1
248.7
287.3
288.2
299. 7
Policy dividends
_ _
do
283. 9
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :J
Value estimated total
mil. $
Ordinary (incl. mass-marketed ord.)
do
Group
do
Industrial
do
Premiums collected:
Total life insurance premiums
do
Ordinary (incl mass-marketed ord )
do
Group
do
Industrial
- do
150,495
103,944
39,877
6,674
157,525
111,863
18, 052
13, 510
3,201
1,341
18, 933
13, 142
39, 237
6,425
3,492
1,299
14,136
10, 462
3,108
566
1,626
1,242
286
98
MONETARY STATISTICS
Gold and silver:
Gold:
10, 367 10, 367
Monetary stock, U.S. (end of period).. .mil. $_. 10, 367
755
187
25
Net release from earmark§
do
839, 160
12, 287
150
Exports
thous. $
Imports
. - _- _ _ _ _ _ _. _ d o _ 226, 262 236, 905 19, 817
Production world total
mil $ 1*1,420.0
1, 088. 0 1, 090. 7
95.2
South Africa
do
85.2
94.1
6.5
Canada
do
53.9
United States
do
Silver:
Exports
thous $ 22 252, 147 3156, 720 17, 831
145, 153 s 80, 061
Imports
do
8,834
1.791
1.872
Price at New York
dol. perfineo z _ _ 2. 145
Production:
3,704
45,
390
41,
926
Canada
thous. fine oz
4
42, 904
40, 031
Mexico
_
_ _
do
3,631
37, 168
52, 552
3,993
United States
do
Currency in circulation (end of period)
bll. $_.
Money supply and related data (avg. of daily fig.) :©
Unadjusted for seasonal variation:
Total money supply
_ _ _ _ _ _ _ bil. $
Currency outside banks
do
Demand deposits
do
Time deposits adjustedl
_
do
U.S. Government demand deposits^
do
Adjusted for seasonal variation:
Total money supply
do
Currency outside banks.,
_ _ _ do
Demand deposits
do
Time deposits adjusted!- .
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
Total (233 SMS A 's)O ratio of debits to deposits
New York SMSA
do
Total 232 SMSA's (except N.Y.)
do
6 other leading SMSA'sd*
do
226 other SMSA's
do
PROFITS AND DIVIFENDS (QTRLY.)
Manufacturing corps. (Fea. Trade and SEC):
Net profit after taxes, all industries
mil. $_
Food and kindred products
_do
Textile mill products
do
Lumber and wood products (except furniture)
mil. $__
Paper and allied products
do
Chemicals and allied products
do
Petroleum refining
do
Stone, clay, and glass products
do
Primary nonferrous metal
do
Primary iron and steel
. do
Fabricated metal products (except ordnance,
machinery, and transport, equip.)
mil $
Machinery (except electrical)
do
Elec. machinery, equip., and supplies
do
Transportation equipment (except motor
vehicles, etc.)
mil. $
Motor vehicles and equipment _
do
All other manufacturing industries
do
Dividends paid (cash), all industries
do
Electric utilities, profits after taxes (Federal Reserve)
mil $
51.0
54.0
9,331
3,097
18,488
11,025
6,980
r 201. 8
r 148. 5
r 157. 0
32, 069
33, 248
654
621
3,525
5,794
769
1,149
1,186
1,320
2,947
2,518
1,025
9,082
14,099
10,310
15, 309
10, 292
3,198
591
4,462
436
3,017
522
555
604
13, 542
9, 898
3,040
15, 020
10, 549
14, 285 530, 821
541
3,814 520, 826
551
522
3,930
9,920
9,473
13, 731
9, 472
3,714
545
13, 834
10, 377
1,440
1,085
264
91
2,009
1,370
393
246
1,524
1,182
238
104
1,578
1,191
297
90
1,690
1,258
336
97
1,642
1,248
301
93
1,581
1,214
273
94
1,659
1,237
330
92
1,707
1,264
350
94
1,607
1,202
307
97
1,475
1,154
321
91
1,708
1,308
305
95
10, 367
-19
244
22, 600
10, 367
687
200
11,367
11,367
11,367
11,117
11,117
33
24, 068
12, 398
11, 367
-1
159
9,772
11, 367
-2
272
13, 865
11,367
-2
293
17, 659
11,367
21,863
11, 367
20
159
12, 487
11,531
-328
330
27, 115
-6
253
14, 536
93.6
6.8
89.5
7.1
102.5
7.5
88.4
6.5
94.3
7.1
<)2. 8
6.6
4,425
5,798
4,256
7,744
8,578
5,936
10, 381
5,782
7,587
3,414
1.888
1.853
23
278
5,629
8,004
11,602
94.5
7.0
96.6
7.2
95.2
6.8
96. 3
6.3
96. 2
6.6
96.6
4,423
4,298
4,592
1,815
1.670
1.639
1,268
3,741
1.687
2,870
6,676
1.798
1,888
5,301
1.802
1, 079
4, 419
1.746
-66
449
1.807
1.876
1.896
2,877
3,260
3,495
3,541
3,797
3,507
3,616
3,503
3,497
2,983
3,513
4,516
4,097
4,221
5,008
4, 435
4,312
4,465
3,404
3,679
53.0
54.0
51.9
52.0
52.7
53.0
53.7
54.4
54.5
54.7
54.8
1.923
3,452
3,936
70.5
151.6
49.4
71.7
40.3
69.4
145.7
49.2
69.6
40.8
' 202. 8 ' 204. 7 ' 209. 3 r 205. 3 ' 207. 8
45.9
47.7
46.6
47.3
46.3
' 156. 8 ' 158. 4 ' 162. 6 ' 158. 0 ' 160. 1
r 193. 0 ' 195. 9 ' 199. 3 ' 201. 1 ' 202. 3
7.1
6.5
5.3
6.4
6.9
213.8
48.6
165.1
69.4
139.9
50.6
71.6
41.9
72.4
148.8
52.0
74.2
42.9
70.7
145.7
50.3
72.2
41.4
72.9
149.7
52.3
75.8
42.7
73.5
150.6
53.4
78.4
43.2
73.3
149.3
52.9
77.5
42.9
73.3
145.3
53.8
79.4
43.4
75.8
162.8
52.6
77.9
42.3
75.5
161.0
53.1
77.9
43.0
6,973
101
254
860
1 494
179
387
336
65
212
873
1, 388
34
381
213
91
210
913
1 435
'211
402
215
93
161
849
1,437
225
280
154
1,326
3,138
323
751
653
265
648
477
324
763
640
290
657
556
2,594
55.0
r 205. 2 ' 204. 5 ' 206. 6 ' 208. 3 r 209. 2 ' 209. 6 '210 6 ' 211. 4 ' 212. 8 ' 213. 0
46.4
-46.2
48.5
47.8
48.1
48.2
46.7
'47.1 '47.7
48.2
' 159. 0 ' 158. 1 r 159. 8 ' 161. 2 ' 161.6 '161.9 ' 162. 5 ' 163. 7 '164.6 ' 164. 5
' 193. 3 ' 193. 5 * 195. 3 ' 198. 5 ' 200. 3 ' 202. 2 ' 208. 2 ' 213. 2 ' 218. 5 ' 222. 3
7 966
611
96
822
1,414
1,221
1.760
215.6
49.1
166.4
573
109
5,884
11,117
' 209. 0 ' 208. 7 ' 211. 4 ' 213. 0
'48.3
48.5
48.3
48.2
' 160. 7 ' 160. 4 ' 163. 1 ' 164.5
' 208. 1 ' 214. 0 ' 218. 4 ' 222. 5
6.8
6.1
7.1
'6.8
6,894
640
987
3,591
572
23
239
29, 516
8,381
636
157
2,382
2,885
483
44.8
70.8
148.8
50.6
72 9
41.5
635
889
12, 621
529
' 203. 2 r 203. 5 ' 203. 6
45.6
45.9
'46. 0
' 157. 6 '157.6 r 157. 7
r 194. 2 ' 194. 0 r 194. 6
2,209
11,525
8,386
2,703
r 203. 2 ' 205. 3 ' 209. 8 -•211.4
45.6
46.1
46.4
46. 9
* 157. 6 r 158. 9 * 162. 9 r 165. 4
' 198. 8 * 194. 4 ' 193. 4 ' 193. 2 * 192. 7
r
5.6
4.2
5.2
'4.8
'5.6
' 190. 4
42.0
' 192. 6
5.7
51.7
12,957
224.6
5.6
225.0
78.3
175. 9
53.6
78.4
43.4
701
110
3,222
4,229
2,845
4,835
945
171
765
1,314
165
526
966
175
739
1,140
138
60
1,263
14, 189
15, 058
4,203
3,767
3,873
3,405
3,002
3,186
779
8,199
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
mil. $
5,420 4,069
52, 546
65, 562
4,440
Py type of security:
Bonds and notes, total
do
4,770
60,979
44, 150
3,085 3,769
Corporate
do
1,282
1,390
17, 383
18, 348
1,860
Common stock.
do
7,714
630
3,946
902
640
Preferred stock
do
682
20
637
83
32
' Revised, v Preliminary.
1 Estimated; excludes
U.S.S.R., other Eastern European
2
countries, China Mainland, and North Korea.
Includes silver coin data for Jan.-June
1968 not included in figures shown in the 1969 BUSINESS STATISTICS.
s Monthly
data rlb
beginning
July
and
annual
total
figures
exclude
silver coin.
* Includes revisions not
5
?Hi Mted to monthsIncludes $17.2 bil. GLI.
J Revisions for Jan. 1968-Feb.
1969 will be shown later.
6,144
6,003
6,799
5,891
9,548
6,985 ' 5, 896 ' 8, 155
5,628
5,535
5,190
2,120
456
60
1,334
417
50
5,645
2,385
9,080
634
67
3,441
399
69
5,964 ' 5, 279 ' 7, 817 7,495
2,368 ' 2, 151 ' 1, 935 2,814
1,064
90
2,469
799
222
' 529
' 88
'246
92
528
176
§ Or increase in earmarked gold (—). ©Beginning Dec. 1970 SURVEY, data reflect new benchmarks and changes in seasonal factors, as well as the improved handling of international
transactions of specialized banking institutions. Revised monthly data back to 1959 will
be available later. ^|At all commercial banks. ©Total SMSA's include some cities and counties not designated as SMSA's. ^Includes Boston, Philadelphia, San Francisco-Oakland,
and Los Angeles-Long Beach,
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1968
1
1969
1969
Annual
December 1970
Oct.
1 Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
r
r
Sept.
Oct.
Nov.
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission—Continued
Estimated gross proceeds— Continued
By type of issuer:
Corporate total 9
mil. $
Manufacturing _.
_ do .Extractive (mining)
do
Public utility .
__do _--
21, 966
6,979
594
5,281
26, 744
6,356
1,721
6,736
1,933
260
49
745
2,375
453
188
622
2,532
601
99
600
2,636
811
94
639
1,802
357
85
540
3,539
1,416
149
906
3,170
689
211
1,109
3,909
817
327
600
3,389
939
358
1,103
do
do
do
246
1,766
2,820
294
2,188
4,409
31
120
444
23
201
533
15
277
524
44
234
275
50
226
323
77
306
339
41
62
597
9
1,747
231
51
354
355
do
__do
do
43, 596
18, 025
16, 374
25, 802
4,765
11, 460
3,487
440
1,254
1,695
300
853
1,908
380
812
3 508
413
1 314
4,201
416
1 198
3,260
461
1,504
2,721
387
1,625
5,639
3,701
974
3,596 ' 3, 128
819
405
1,058
1 310
16,374
8,659
11,460
11, 928
1,254
795
853
1,439
812
1,230
1,314
878
1,198
1,444
1,504
1,211
1,625
1,046
974
1,387
1,058
2,035
i1 1, 002
9, 790
1
3, 717
1923
17,445
i 2, 803
979
7,243
2,753
921
7,111
2,613
923
7,445
2,803
933
6,683
2,626
890
6,562
2,463
874
6,353
2,441
806
5,985
2,248
784
5,433
2,222
76.4
93.4
68.6
79.0
66.5
74.9
65.6
73.4
62.9
68.7
62.2
69.7
62.4
71.7
62.8
75.6
62.8
71.9
72.33
64.49
63.05
61.08
58.71
58.33
61.63
62.04
Sales:
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
Market value
mil. $ 5, 669. 52 4, 501. 18
Face value
do_ -- 5, 458. 55 5, 123. 47
397. 35
466. 10
318. 32
376. 13
382.04
526. 97
363 31
485. 34
283. 27
365. 56
do. _ _ 4, 401. 94 3, 550. 33
4, 447. 68 4, 123. 33
do
319. 84
372. 88
261. 94
308 69
324. 20
442. 89
314. 79
411 57
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $__ 3, 814. 24 3, 646. 16
341. 33
263.80
432. 91
Railroad
Communication
Financial and real estate.Noncorporate total $
U 8 Government
State and municipal
_-
State and municipal issues (Bond Buyer) :
Long-term
do
Short-term
_ __
__ _
-do
2,r 273
683
r
70
630
3,518
994
193
1,241
70
279
370
77
445
347
c COO
3,573
1,318
4,681
1,428
1,650
1,310
1,186
1,318
1,226
1,650
2,049
748
5,281
2,009
22 180
2,083
2,236
2,163
61.2
67.8
59.4
67.5
59.0
70.6
60.0
73.8
60.8
72.7
61.3
71.9
61.9
75.0
60.89
57.78
57.37
60.59
59.20
60.10
60.44
63.27
313. 51
405. 30
310. 25
384. 02
300.39
465.04
645. 56
824. 44
370 56
536 56
311. 80
442. 43
400. 69
516. 87
417. 18
538. 59
245. 86
304 65
267. 94
344. 36
275. 85
337. 06
264.77
374. 22
608. 25
743. 34
344 53
489 26
289. 98
401 69
358. 08
443. 37
382. 93
485 02
304. 63
281. 84
297. 74
329. 77
448. 20
360. 69
394. 13
349. 78
396. 30
370. 23
404. 43
2,r 768
638
T
139
T
843
T
64
144
526
r
T
r
1, 882
1, 216
1,642
2,022
SECURITY MARKETS
Brokers' Balances
(N.Y.S.E. Members Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances (net)
mil. $_
do
do
Bonds
Prices:
Standard & Poor's Corporation:
High grade corporate:
Composited1.
dol. per $100 bond-Domestic municipal (15 bonds)
_ _
do
U.S. Treasury bonds, taxable!
do
New York Stock Exchange:
Market value
Face value
Yields:
Domestic corporate (Moody's)
By rating:
Aaa
Aa
A
Baa
6.51
7.36
7.72
7.76
8.13
8.32
8.29
8.18
8.20
8.46
8.77
8.85
8.73
8.68
8.63
8.65
do
do __ do
do
6.18
6.38
6.54
6.94
7.03
7.20
7.40
7.81
7.33
7.53
7.79
8.22
7.35
7.58
7.84
8.25
7.72
7.93
8.21
8.65
7 91
8.15
8.35
8 86
7 93
8.13
8.31
8 78
7.84
8.06
8.17
8.63
7.83
8.03
8.22
8.70
8.11
8.24
8.49
8.98
8 48
8.58
8.76
9 25
8 44
8 64
8.92
9 40
8 13
8.49
8.85
9.44
8.09
8.47
8.78
9.39
8 03
8.44
8.71
9.33
8.05
8.42
8.74
9 38
do _
do ._
do
6.41
6.49
6.77
7.25
7.49
7.46
7.59
7.91
7.76
7.61
7.94
7.83
7.95
8.39
8.15
8.15
8.54
8.38
8.11
8.47
8.39
7.98
8.34
8.33
8.00
8.37
8.34
8.19
8.72
8.59
8.55
9.06
8.76
8 61
9.01
9.11
8.44
8.83
9.19
8.40
8.80
9.10
8.35
8.74
9.06
8.37
8.77
9.06
_._do
do
4.47
4.51
5.79
5.81
6.13
6.21
6.58
6.37
6.79
6.91
6.78
6.80
6.16
6.57
6.11
6.14
6.79
6.55
7.12
7.02
6.79
7.06
6.40
6.69
6.16
6.33
6.39
6.45
6.40
6.55
5.41
6.20
do
5.25
6.10
6.27
6.51
6.81
6.86
6.44
6.39
6.53
6.94
6.99
6.57
6.75
6.63
6.59
6.24
8.53
9.24
4.50
4.55
5,82
8.62
8.98
9.83
4.61
4.60
6.40
9.44
9.05
9.90
4.62
4.67
6.61
10.12
9.06
9.92
4.63
4.67
6 61
10.20
8.99
9.92
4.63
4.10
6 70
10.20
9.13
9 98
4.64
4.02
6 70
10.23
9.13
9 97
4.64
4.02
6 70
10.23
9.13
9.98
4.70
4.02
6.70
10.45
9.10
9 93
4.70
4.02
6 70
10.45
8.96
9.71
4.70
4.02
6.70
10.48
8.95
9.69
4.71
4.02
6 70
10.48
8.95
9 70
4.71
3.95
6.70
10.48
8.94
9.70
4.71
3.79
6.70
10.48
8.93
9.70
4.71
3.79
6 82
10.48
8.90
9.67
4.71
3.79
6 82
10.48
8.84
9.56
4.72
3.79
6.90
10.49
_ _ .percent.
By group:
Industrials
Public utilities
Railroads
Domestic municipal:
Bond Buyer (20 bonds) _ _ _
Standard & Poor's Corp. (15 bonds)
U.S. Treasury bonds, taxable© ._
Stocks
Dividend rates, prices, yields, and earnings, common stocks (Moody's):
Dividends per share, annual rate, composite
dollars..
Industrials.
do
Public utilities..
_ _
do
Railroads
_.
do
N.Y. banks .
do
Property and casualty insurance cos
do
Price per share, end of mo., composite
Industrials
.
Public utilities
Railroads
do ..
do
do
do
264. 62
315. 86
98.37
101. 00
262. 77
313. 15
94.55
93.90
263. 28
314. 69
92.25
87.36
252. 78
301. 65
85.98
80.73
248. 68
299. 54
84.62
76 96
231. 68
276. 68
80.31
73.87
244. 45
290. 09
85.35
78 55
243. 53
287. 85
87.44
74.99
222. 65
263 96
80.06
68 32
209. 44
248. 12
74.91
62.07
198. 30
236. 81
68.96
52.39
212. 90
252. 79
74.55
56.18
221. 25
264. 25
77.17
57.02
226. 91
272. 90
75.66
65 13
224. 96
272. 65
74.15
61 70
235.68
285. 00
81.54
64 62
Yields, composite
Industrials
Public utilities . .
Railroads..
_
N.Y. banks
Property and casualty insurance cos
percent ..
do
do
do
do
. _ .do
3.22
2.93
4.57
4.50
3.40
3.10
3.42
3.14
4.88
4.90
3.72
3.37
3.44
3. 15
5.01
5.35
3 61
3.19
3.58
3 29
5 38
5.78
3 95
3.28
3.62
3 31
5 47
5.33
3 92
3.65
3.94
3 61
5.78
5.44
4 20
3.84
3.73
3 44
5.44
5.12
3.61
3.58
3.75
3 47
5.38
5.36
3 72
3.66
4.09
3 76
5 87
5.88
4 14
4.29
4.28
3.91
6.27
6.48
4.29
4.67
4.51
4.09
6.83
7.67
4.30
4.61
4.20
3.84
6.32
7.03
4.01
4.19
4.04
3.67
6.10
6.65
3.83
4.15
3.94
3 55
6.23
5.82
3 99
4.01
3.96
3 55
6.35
6.14
4 27
4.05
3.75
3.35
5.79
5.87
4 16
3.88
Earnings per share (indust., qtrly. at ann. rate;
pub. utll. and RR., for 12 mo. ending each qtr.):
17.69
18.54
Industrials _ _ _
dollars
17.62
6.92
Public utilities
do
6.92
6.67
Railroads
do
7.28
7.25
7.28
r
Revised.
1 End of year.
2 Because of changes in series, data beginning July 1970
are not directly comparable with those for earlier periods.
9 Includes data not shown separately.
cf Number of bonds represented fluctuates; the change in the number does not affect the
continuity of the series.
17.19
15.19
6.90
6.90
5.21
6.78
1 Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
OFor bonds due or callable in 10 years or more.
SUKVEY OF CURRENT BUSINESS
December 1970
1968
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
I
1969
1969
Oct.
Annual
S-21
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividend yields, preferred stocks, 10 high-grade
(Standard & Poor's Corp.)
percent-
5.78
6.41
6.79
6.84
7.19
7.02
7.04
6.97
6.98
7.26
7.57
7.62
7.41
322. 19
906.00
130. 02
250. 09
301. 35
876. 72
123. 07
221.02
280. 44
832. 51
115. 12
198. 39
281. 02
841. 09
116.04
195. 47
259. 88
789. 22
108. 36
175. 32
258. 36
782.96
109.42
173. 64
251. 63
756.21
108.87
169. 83
260. 36
777. 62
116. 45
174. 32
255. 71
771. 65
114.44
167. 46
227. 99
691. 96
103.19
146. 29
224. 18
699. 30
99.15
137 53
223.29
712.80
102.83
125.75
229.99
731. 97
105. 36
130. 91
98.69
97.84
95.52
96.21
91.11
90.31
87.16
88.65
85.95
76.06
75.59
75.72
107. 49
105. 77
86.33
66.42
48.84
107. 13
103. 75
87.06
62.64
45.95
105. 07
103. 67
87.29
58.80
41.75
105. 86
104.68
89.84
59.46
40.63
100.48
100. 31
85.62
55.28
36.69
99.40
99.70
85.42
55.72
37.62
95.73
96.55
83.74
55.24
36.58
96.95
95.97
85.09
59.04
37.33
94.01
93.18
82.28
57.19
36.05
83.16
80.47
71.65
51.15
31.10
82.96
80.77
73.10
49.22
28.94
83.00
77.99
73.10
50.91
26.59
Banks:
44.69
New York City (9 stocks)
do - Outside New York City (16 stocks)... , do. ... 81.72
45.39
87.73
44.47
85.73
46.00
88.09
43.55
82.57
44.11
79.34
45.64
77.11
47.49
81.37
45.21
79.47
39.65
70.75
41.03
71.16
42.12
72.07
Property-liability insurance (16 stocks)_,do
73.64
85.43
88.52
94.19
85.85
83.88
81.25
84.94
82.45
67.40
69.94
55.37
58.00
50.58
44.19
65.85
54.67
57.44
46.96
42.80
70.49
53.27
56.22
43.12
40.55
71.71
53.85
56.84
42.59
41.36
71.62
50.86
53.93
37.77
38.69
66.95
50.60
53.58
37.51
38.76
66.19
48.76
51.29
36.06
38.55
65.01
49.46
51.53
36. 85
40.77
67.37
47.51
49 47
34.99
39 49
64 07
41.65
43.33
29.85
35.48
54.58
175, 298
4,963
17, 152
488
13, 352
376
13, 951
430
12, 940
396
11, 850
346
11, 146
340
11, 130
341
129,603
3,174
12, 831
320
10, 000
249
10, 609
288
9,412
255
9,104
238
8,815
243
2,851
310
214
272
221
218
629.45
15, 082
661. 44
14, 918
640. 16
14, 986
629. 45
15, 082
582.67
15, 136
616. 34
15, 227
Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Transportation (20 stocks)
.
Standard & Poor's Corporation :d"
Industrial, public utility, and railroad:
Combined index (500 stocks)
1941-43=10_.
Industrial, total (425 stocks) 9
Capital goods (116 stocks)
Consumers' goods (184 stocks)
Public utility (55 stocks)
Railroad (20 stocks)
do
do
do
do_._do. .
New York Stock Exchange common stock indexes:
Composite
_.__
_ _ _ _ _ ..12/31/65 =50Industrial
do
Transportation
_ _
do
Utility
do
Finance.
.
do
Bales:
Total on all registered exchanges (SEC):
Market value
mil. $ 196, 358
5,312
Shares sold
millions
On New York Stock Exchange:
Market value
mil. $ 144, 978
3,299
Shares sold (cleared or settled)
millions
New York Stock Exchange:
Exclusive of odd-lot and stopped stock sales
(sales effected) __
millions _. 2,932
Shares listed, N.Y. Stock Exchange, end of period:
Market value, all listed shares
bil. $
Number of shares listed
__ millions..
692. 34
13, 196
7.33
7.30
240.57
759. 38
108. 79
141. 25
245. 02
763. 72
106.68
152. 66
246. 16
769. 23
110. 98
148. 37
77.92
82.58
84.37
84.28
85. 40
78.38
74.76
52.62
26.74
90.66
84.96
79.65
54.44
29.14
92.85
87.90
82.12
53.37
31.73
92.58
86.47
83.09
54.86
30.80
44.21
76.07
45.22
79.49
43.51
79.39
42.66
77.37
71.10
72.48
77.07
81.56
79.73
41.28
43.40
28.51
33 74
54.21
41.15
43.04
26.46
34.90
54.00
42.28
44.20
27.66
35.74
56.05
45.10
47.43
30.43
36 74
60.13
46.06
48.87
32.38
36.01
59.04
45.84
48.54
31.23
36.71
57.40
10,704
387
10, 024
401
8,554
378
8,026
299
11, 027
427
12, 176
458
8,718
240
8,566
272
8,000
282
6,985
250
6,443
216
213
223
258
226
228
615. 37
15, 306
553. 80
15, 348
516. 39
15, 552
491.21
15, 677
531.08
15,823
7.31
8,721 «
304
9,701
329
219
303
262
555. 49
15, 869
579. 75
15, 930
570. 41
15,981
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value of Exports
Exports (mdse ) incl reexports total
Excl. Dept. of Defense shipments
Seasonally adjusted
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
Northern North America
Southern North America
South America
.
.
By leading countries:
Africa:
United Arab Republic (Egypt)
Republic of South Africa
Asia; Australia and Oceania:
Australia including New Guinea
India
.
Pakistan
...
Malaysia
Indonesia
Philippines
Japan
Europe:
France
East Germany
West Germany
.
Italy
Union of Soviet Socialist Republics
United Kingdom
mil $
34 635.9 38, 005. 6 3 618 2 3 469 2 3 421 0 3 298 4 3 432. 1 3, 623. 4 3 648 5 3 942.3 3 770 7 3 591 9 3, 307. 0 3, 374. 0 3, 975. 3
do
do
34,062.8 37, 331. 7 3, 562. 7 3,413 2 3 362 4 3, 238. 0 3, 388. 2 3, 581. 1 3 599 1 3, 908. 7 3 719. 0 3, 549. 3 3, 266. 1 3, 335. 2 3,916.7
do
do
do
do
117.9
1 269.4 1,391.6 123.1 122 9 141 6 130. 3 103.4
151.0
139 1
808.6
769.5
750 1
821.4
7, 581. 9 8, 265. 2
768.8
795.5
813.9
776 7
90.9
998.0
110.7
96.0
81.7
91.2
77.2
93.0
1, 026. 0
77 2
11 347 3 12, 619. 2 1, 210. 3 1,184 5 1 159 3 1, 167. 5 1 196 4 1, 271. 9 1 272 0 1 482. 2 1
3 362 0 3 365 1 3 238 4 3 305 2 3 628 4 3, 379. 0 3 449 7 3 695 1 3 776 0 3 683 0 3, 601. 8 3, 534. 9 3, 706. 9
do
do
do
8, 073. 8
2, 598. 8
2 738 6
9, 138. 0
2, 761. 9
2,814.4
879.2
273.9
258.8
806.3
244.1
248.5
756 6
264 6
245 2
649.4
243.8
230.1
740.9
247.1
239.2
783.5
269.9
280.8
840 9
292 3
277 0
866.1
270.1
258.6
861.7
286 3
265 6
729.2
273 8
281 9
680.4
266.6
279.9
741.7
253.7
249.8
770.1
320.1
333.7
do
do
48.4
455.7
67.2
505.5
7.5
50.8
5 2
40.7
4 6
50 2
13 8
39.9
34
35.6
54
40.5
13 9
47 2
70
48.7
6 0
54 0
40
53.8
5.0
53.0
5.0
48.1
4.1
48.7
do
do
do
do
874.9
717.6
301.9
53.6
860 0
517.1
195.2
51.9
93.6
19.6
18.2
4.1
85 5
27.9
31.8
4.3
65 8
47 4
24.9
7 0
69 2
51.2
23.0
4.8
77 6
53.4
19.3
3.8
77 5
58.6
27.4
7.8
65 0
33 5
23*4
4 3
80 0
61 1
28.2
52
91 7
40 1
37.9
7.0
101 7
54.3
23.7
6.5
74.2
34.9
28.4
5.4
78.4
37.0
18.3
5.3
137.4
52.0
33.8
4.8
do
do
do
167.1
436.3
2, 954. 3
201 1
374.3
3, 489. 7
28.4
28.5
352.7
28 3
29 6
335.3
20 6
29 0
346 5
26 5
25 9
356.7
19 8
24 7
391 3
15 9
32 5
356.7
16 9
35 8
349 3
20 6
37 4
361 6
21 3
40 6
415 4
29 7
29 3
415.3
12.4
30.7
377.5
17.5
27.0
385.2
27.4
33.7
424.4
do
do
do
1,095.0
29.0
1, 708. 9
1, 195. 3
32.4
2,117.9
101.9
5.1
207.8
96.3
4.0
193.2
118.5
7.5
191.3
112.4
1.3
209.1
117.3
4 9
204.2
108.2
4 1
241.9
169 5
2 5
199 3
143.1
32
330 2
117.6
15
227.7
129.6
2.1
217.6
107.7
2.6
208.9
110.2
3.1
211.3
127.1
3.0
260.4
do
do
do
1, 120. 6
57 7
2, 288 7
1 261 7
105 5
2 335 3
124.7
13.4
221.6
121.0
51
211.7
108.5
11 5
. 197. 2
107.9
91
181.6
118 3
7 8
182 7
106 5
11 7
230 7
114 6
5 6
202 8
150 9
13 3
272 6
110.7
89
212 8
134.3
61
210 1
91.4
6 0
177.7
88.1
12 2
200.9
111.6
11.7
236.9
649.4
740.8
783.5
840.9
866.0
861.5
728.8
680.4
741.7
770.1
North and South America:
Canada
do
756.6
8. 072. 3 9.138.0
879.1
806.2
' Revised.
cfNumber of stocks represents number currently used; the change in number does not
121.5
131.3
126.1
132.1
148 9
786.5
921.4
778.9
878.0
890 7
91.8
94.2
156.6
121.1
103.8
213 7 1, 175. 8 1, 083. 3 1, 126. 7 1, 342. 1
affect continuity of the series.
9 Includes data not shown separately.
230
598. 64
16,023
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1968
1969
1969
Annual
December 1970
Oct.
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
482.6
41.0
65.8
32.8
39.0
143.0
60.6
479.0
36.5
73.2
29.2
29.4
136.6
70.0
445.0
39.4
64.2
21.4
24.2
134.5
63.2
568.4
42.4
115.8
22.4
35.1
161.3
76.6
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value of Exports— Continued
Exports (mdse.), incl, reexports— Continued
By leading countries— Continued
North and South America— Continued
Latin American Republics, total 9
Argentina
Brazil
Chile .
Colombia _
Mexico
Venezuela
mil. $._ 4, 699. 1
281.4
do
704.6
do
306.7
do
319.2
do
1, 378. 0
__do
655.0
do
Exports of U.S. merchandise, total
Excluding military grant-aid
Agricultural products, total
Nonagricultural products, total
4, 869. 2
378.3
672.0
314.6
302.8
1, 449. 5
708.2
464.6
37.1
56.7
25.9
30.6
145.9
64.9
433.8
35.7
60.6
25.2
28.5
135.8
59.8
446.2
34.3
53.9
34.5
28.7
137.6
54.7
406.1
33.3
47.1
22.6
28.4
120.8
61.2
421.7
33.6
60.6
25.2
28.4
125.2
55.4
480.5
42.2
61.5
23.9
29.8
141.2
66.1
502.1
41.9
66.9
26.0
43.9
155.2
59.6
461.5
27.6
71.0
20.5
37.0
142.7
60.4
483.0
35.3
66.0
27.7
31.6
150.4
63.8
34, 199. 0 37,461.6 3, 574. 3 3, 417. 4 3, 370. 0 3, 255. 9 3, 379. 6 3, 584. 5 3, 593. 5 3, 881. 1 3, 723. 3 3,530.3 3, 258. 5 3, 321. 4 3,902.4
do
33, 626. 0 36, 787. 7 3, 518. 7 3, 361. 4 3, 311. 4 3, 195. 5 3, 335. 7 3, 542. 2 3, 544. 0 3, 847. 5 3, 671. 5 3,487.6 3,217.6 3, 282. 6 3, 843. 9
do
657.8 590.8
646.0
515. 3
6, 227. 2 5, 936. 3
550.5
do
563. 1 553.8
567.1
558.3 528.5 561.1 724.1
593.4
do___ 27,971.9 31, 508. 0 2,935.5 2, 761. 7 2, 779. 3 2, 740. 6 2, 829. 1 3, 021. 3 3, 039. 7 3, 314. 0 3, 129. 9 2,972.0 2,729.9 2,760.4 3, 178. 3
By commodity groups and principal commodities:
Food and live animals 9
mil. $
Meats and preparations (incl. poultry). .do
Grains and cereal preparations
__ -do
3, 889. 6
161.6
2, 463. 1
3, 732. 7
199.4
2, 127. 2
372.0
23.9
195.0
373.5
18.5
222.8
334.5
14.9
195.6
324.1
11.5
191.3
350.5
11.6
209.7
314.1
12.4
183.5
319.7
14.1
179.5
325.0
14.4
190.9
336.7
14.3
195.9
370.6
12.1
214.4
361.5
14.9
209.3
363.9
18.1
216.1
459.0
17.9
289.6
Beverages and tobacco
do
702.5
713.4
80.1
88.7
92.8
31.9
39.9
56.7
47.7
56.3
59.1
53.0
43.7
64.7
75.8
Crude materials, inedible, exc. fuels 9
Cotton, raw, excl. linters and waste
Soybeans, exc. canned or prepared
Metal ores, concentrates, and scrap
do
do
do
do
3, 540. 7
459.4
810.3
586.2
3, 569. 5
280.2
822.3
711.5
392.6
19.1
137.1
71.5
366.8
14.4
137.2
62.7
337.7
20.2
101.9
55.3
346.4
46.0
73.9
68.0
360.2
39.0
84.3
66.0
367.8
29.3
103.8
64.6
396.8
37.0
110.4
72.8
387.4
38.2
97.9
88.6
409.9
33.9
104.7
77.6
359.8
24.5
70.5
94.0
359.3
10.7
81.1
93.5
344.2
11.1
83.7
86.1
419.5
22.9
128.3
85.7
Mineral fuels, lubricants, etc. 9
Coal and related products.. _
Petroleum and products..
1 , 049. 9 1, 130. 7
do
523.9
636.3
do__ _
454.4
433.9
do
103.6
61.7
37.4
106.7
65.5
36.6
102.0
60.2
37.1
88.3
50.3
32.9
98.6
59.1
37.0
120.5
71.4
43.2
129.5
83.2
39.8
134.9
90.2
41.6
142.6
98.7
38.6
141.0
91.8
43.1
128.5
88.3
35.1
147.3
102.0
40.3
169.6
113.7
50.3
Animal and vegetable oils, fats, waxes
do_. _
Chemicals
Manufactured goods 9
Textiles
Iron and steel
Nonferrous base metals
274.4
307.6
27.0
34.7
' 36.2
31.0
26.6
50.4
31.1
41.6
55.2
43.8
40.4
44.0
40.3
3, 287. 0
3, 382. 5
297.5
289.9
302.3
318.5
320.2
342.3
324.8
354.1
340.9
326.1
304.5
286.0
325.7
do
3, 939. 4
522.3
do
_do - .
610.5
600.0
do
4, 554. 7
575.5
972.5
712.0
451.9
54.7
110.8
67.6
411.3
54.2
107.4
62.2
431.2
52.2
121.1
72.0
425.6
49.1
106.8
81.3
433.6
50.6
112.1
85.3
447.8
55.2
115.7
81.8
452.0
50.5
127.1
83.2
483.9
53.0
142.1
90.9
455.4
52.0
117.7
78.5
417.3
44.6
115.1
70.3
396.0
46.4
103.2
60.8
380.6
46.7
86.9
63.0
411.0
53.7
84.7
73.3
do
Machinery and transport equipment, total
mil. $__ 14, 447.4 16, 380. 4 1, 505. 3 1,391.4 '1,424.4 1, 359. 7 1, 430. 2 1, 537. 9 1, 564. 3 1, 765. 9 1, 545. 9 1,468.5 1,299.2 1,363.7 1,654.2
857.9
928.0
821.5 895.4
Machinery, total 9
do
8, 597. 2 9, 865. 4
939.3 1, 001. 3 999.0
904.4 1, 059. 3
977.7
845.7
969.6
899.0
50.0
55.5
45.9
644.4
Agricultural..
__ do
626.8
57.9
54.1
52.3
51.7
45.5
56.0
63.3
58.2
49.5
49.3
31.7
23.4
343.4
33.6
Metalworking
do .
333.6
32.6
28.1
30.8
34.4
31.4
37.4
35.7
40.1
33.3
36.6
117.0
111.3
Construction, excav. and mining
do
1, 098. 5 1, 247. 8 114.3
113.6
113.5
112.4
111.7
122.3
127.8
121.8
114.4
128.9
122.7
221.0 240.1
227.9
257.5
Electrical. _
_ do
2, 284. 0 2, 677. 7
247.0
213.0
245.2 236.5 236.7
246.4
264.0
277.6
271.6
538.1 534.8
5, 850. 1 6, 515. 0
579.1 533.4
Transport equipment, total
do
578.9
764.6
568.3 625.0
546.9
490.8 400.3 459.4
594.8
342.7
279.1
373.6
3, 370. 2 3, 788. 0
Motor vehicles and parts
do
280.2
320.3 289.7
350.8
318.5
307.2 352.0
247.8
354.8
256.7
201.0
206.6
224.6
2, 144. 2 2, 445. 9
Miscellaneous manufactured articles
.do
212.1
206.6
211.2
229. 9
198.6
213.4
229.8
221.6
213.7
205.9
119.7 r 153. 4
123.9
924.0 1, 226. 8
Commodities not classified
do
113.2
115.4
110.2
118.6
115.8
117.0
136.4
119.3
117.6
156.0
Value of Imports
General Imports, total
Seasonally adjusted. .
By geographic regions:
Africa
Asia..
Australia and Oceania
Europe
_
Northern North America
Southern North America
South America
By leading countries:
Africa:
United Arab Republic (Egypt)
Republic of South Africa _ _
Asia; Australia and Oceania:
Australia, including New Guinea
India
Pakistan
Malaysia
Indonesia
Philippines
Japan._
_
_
Europe:
France
East Germany
West Germany
Italy
Union of Soviet Socialist Republics. _ _
United Kingdom
_
North and South America:
Canada..
Latin American Republics, total 9
Argentina
Brazil
Chile
Colombia
_
Mexico
Venezuela
_
Revised.
9 Includes data not shown separately.
do
do
do
do
do
do
do
do
do
33, 226.3 36, 042. 8 3, 429. 1 2, 987. 0 3, 245. 6 3, 125. 5 2, 944. 3 3, 385. 9 3, 391. 4 3, 174. 9 3, 504. 2 3,312.0 3, 116. 5 '3,451.9 3,598.9
3, 220. 7 3,211.5 3, 005. 5 3, 249. 7 3, 255. 9 3, 213. 6 3, 247. 5 3, 360. 7 3, 309. 6 3,241.7 3, 364. 5 ••3,397.5 3, 528. 0
1, 122. 3 1, 045. 1
6,911.4 8, 275. 9
696.5
828.3
10, 337. 7 10, 335. 6
93.9
778.3
81.5
979.9
96.9
657.2
54.8
861.0
114.9
710.4
72.6
875.1
105.9
735.1
66.0
888.7
86.9
605.6
62.3
845.4
106.8
765.6
78.5
952.9
104.5
752.5
57.4
979.8
90.6
740.1
54.8
898.5
94.2
820.1
73.9
978.3
85.8
834.2
87.0
990.0
76.8
860.6
89.6
860.8
91.8
87.4
932.8 902.4
74.1
75.6
915.3 1,033.9
9,009.3 10,393.2 1, 025. 4
2, 259. 4 2, 518. 4
217.3
2, 879. 3 2, 643. 1 253.7
914.6
198.4
205.8
986.2
232.5
254.6
845.3
241.5
242.5
845.3
237.8
260.1
960.3
285.6
234.4
951.2
274.7
268.1
942.6 1, 017. 1
243.0
259.6
203.0
259.1
851.9
224.7
235.7
759.5
207.3
259.1
916.9 1, 077. 5
204.8 227.5
256.2
249.5
do
do
32.4
255.9
37.8
243.0
3.9
23.1
1.9
18.0
4.7
23.9
2.6
24.0
3.8
19.8
2.7
28.0
4.2
33.6
2.3
20.6
2.4
20.0
1.5
22.1
.4
20.2
1.5
27.9
.7
17.6
do
do
do
do
do
do
do
495.0
312.1
63.8
240.0
174.3
435.9
4,054.4
595.1
344.1
73.0
307.2
193.6
422.6
4, 888. 3
66.1
26.0
5.0
32.3
16.4
30.6
478.6
37.4
24.3
6.0
24.6
16.8
23.1
410.8
50.3
27.6
6.6
23.4
16.8
49.9
402.8
57.6
34.5
8.4
30.7
16.8
37.3
431.7
47.8
25.9
6.9
18.8
17.3
12.9
364.2
48.4
30.5
6.5
25.0
18.8
27.0
464.8
43.3
22.2
5.8
22.1
14.1
32.6
474.3
38.1
20.6
6.2
23.3
11.5
42.1
443.9
60.2
24.5
7.5
25.9
15.1
40.0
486.1
57.4
21.1
7.1
17.1
9.9
45.7
512.7
60.5
17.9
5.6
12.7
12.7
53.9
541.9
55.4
17.5
4.3
23.4
14.5
59.1
571.9
51.1
31.3
6.1
21.0
17.5
41.8
565.8
do
do
do
do
do
do
842.3
5.9
2, 721. 3
1, 101. 7
58.4
2f 058. 3
842.5
8.0
2, 603. 4
1, 203. 8
51.5
2, 120. 6
72.1
.8
246.6
105.0
6.7
205.7
67.7
.7
223.9
100.4
5.0
181.1
74.6
.7
242.2
90.8
3.2
173.3
69.8
.8
230.8
91.8
15.2
186.8
69.4
.8
225.3
97.9
8.1
149.1
73.6
.7
248.7
117.2
5.4
194.3
75.5
.7
281.3
121.8
3.5
179.0
73.0
.5
239.5
104.9
5.3
182.8
79.9
.9
269.7
115.1
4.6
189.0
77.9
1.1
269.0
114.7
6.5
201.7
85.2
.6
236.0
124.1
5.1
136.5
71.4
.5
271.0
97.6
2.9
175.4
82.4
.9
277.3
112.3
2.9
212.7
do
9, 005. 2 10, 389. 9 1, 024. 6
914.5
985.9
845.2
845.2
960.1
951.0
942.5 1,017.0
851.8
759.0
916.5 1, 076. 6
do
do
do
do
do
do
do
4,288.2
190.2
669.9
205.9
264.0
909.8
949.8
337.1
13.0
63.3
11.2
20.5
87.6
57.3
402.8
11.9
53.6
8.9
27.7
98.9
96.3
393.0
14.7
48.2
14.8
25.0
104.0
104.4
416.1
12.2
62.0
12.6
25.6
102.8
107.0
429.6
12.4
43.4
7.7
27.9
125.0
89.7
455.4
16.1
51.5
20.9
24.4
129.8
98.8
377.0
13.1
38.3
11.3
24.3
114.9
72.4
372.6
13.9
57.8
13.5
22.9
83.2
87.2
385.7
15.6
68.3
10.9
20.4
82.0
86.2
371.5
18.3
56.0
14.4
18.4
80.6
86.4
4, 213. 6
155.6
616.3
151.4
240.4
1, 029. 3
940.1
388.4
12.8
60.5
12.3
23.3
87.3
86.6
425.9
13.0
64.9
8.5
25.6
105.0
88.7
383.3
18.2
63.1
14.1
16.5
93.1
80.9 1
Nov.
SURVEY OF CURRENT BUSINESS
December 1970
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1968
|
1969
1969
Annual
S-23
Oct.
1970
Nov.
Jan.
Dec.
Feb.
Apr.
Mar.
May
June
July
Aug.
Sept.
Oct.
Nov.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value of Imports— Continued
General imports— Continued
By commodity groups and principal commodities:
Agricultural products, total
mil. $ 5,053 6 4, 954. 4 460.9 404 0 488 7 471 7 455 5 512 6 517 7 440 0
28,172.7 31, 097. 5 2, 969. 5 2,585.1 2 758 7 2 653 8 2 488 9 2 873 3 2 873 7 2 734 9 3
Nonagricultural products, total
do
Food and live animals 9 _.
. _ _ _ do_ _ 4, 577. 3 4, 530. 8 430.1 369.4 454.7 431.6 411.5 473.0 488.8 409 2
168.2
136.0
16.5
11.2
27.2
32 7
Cocoa or cacao beans
do
18 7
19 8
17 4
15 6
893.9
99.9
1, 139. 7
103.5
84.2
92.6
96. 1
Coffee
do
103.0
96 4
96 3
54.5
746.5
863.8
88.1
68.4
82.9
Meats and preparations ._
_ _ __ __do _
83.6
93.8
64.9
80.6
638.2
34.1
640.1
57.3
Sugar
do
38 4
78 1
56 0
49 1
36 1
84 2
777.8
93.0
786.3
72.7
67.2
Beverages and tobacco _. _
____do_
68.0
64.8
71.5
63.7
64.9
Crude materials, inedible, exc. fuels?
do _ 3, 345. 7 3,460.3 320.7 * 274. 8 313.8 271.4 244.7 273.7 260.5 281.2
1, 007. 8 1,012.6
112.8
90.5
104.7
75 2
72 3
Metal ores
do
68 6
76 9
103 2
520.8
52.0
454.8
47.4
41.2
49 5
41.2
Paper base stocks
do
47.8
41.8
43 0
260.1
335.1
16.7
18.4
20.5
21.3
21.4
22.9
Textile
fibers
do __
21.4
18.7
279.5
30.4
26.2
191.8
Rubber
do
27.4
25 8
19 2
20 2
26 0
20 7
Mineral fuels lubricants etc
Petroleum and products
Animal and vegetable oils and fats
Chemicals
do
do
do
do
2 526.7
2 343 2
157 9
1 129.1
2, 794. 0
2, 559. 9
136.7
1, 232. 0
247.4
223.1
13.9
120.4
201.4
185.5
11.7
101.8
Manufactured goods 9
Iron and steel
Newsprint
Nonferrous metals
Textiles
do
do
do
do
do
R, 162. 4
2 046 5
862.9
2, 022. 5
962 4
7, 893. 3
1, 809. 1
938.6
1, 534. 6
1, 019. 0
698.4
169.7
84.6
129.6
84.5
r 620. 1
Machinery and transport equipment
Machinery, total 9
Metalworking
Electrical
do
do
do
do
7 986 9
3, 688. 4
203.9
1, 492. 1
9 768. 2
4, 489. 0
182.7
1, 946. 9
964 8
436.7
13.0
204.3
r
4 298.5
3,711.6
3, 346. 1
1 207 8
5, 279. 2
4, 623. 8
4, 127. 6
1, 331. 1
528.1
473.2
413.9
127.8
490.6
440.9
349.2
113.6
112.8
172.7
194.8
116.5
182.9
213.0
119.6
205.5
245.8
103.9
225.6
234.4
107.2
236.9
254.0
194 482
19 359
282 751
2i 139
Transport equipment
do
Automobiles and parts
do
Miscellaneous manufactured articles
do
Commodities not classified
do
Indexes J
Exports (U.S. mdse., excl. military grant-aid):
Unit value
1957-59 - 100
Quantity
do
Value
_
do
General imports:
Unit value
do
Quantity
do
Value _
do
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight
thous sh tons
Value
mil $
General imports:
Shipping weight
thous sh tons
Value
mil $
292
261
16
99
1
9
2
7
436 3
14 9
94 4
97 3
62 6
68.2
280.5
114 3
41 2
15.9
15 7
435.1
12 5
99.7
91.2
74 5
49.8
290.7
117.9
39.7
14.9
15 2
447.8
15 4
83.8
91.3
80 9
63.5
301.5
117.1
37.2
13.2
18.7
459.3
17 5
103 9
86.0
53 4
87.9
275.7
98 2
40.8
10.2
17.7
246 8
221 5
21 1
121 1
213 1
188 9
13 1
114 1
255
231
14
124
5
4
9
9
240.4
216.0
111.9
255 0
229 2
16.0
130 8
691.4
150 2
78 4
145.1
92 8
692.1
164 3
76.5
134.3
93.1
730.3
166 8
76 3
150.8
96 5
726.2
178 3
73.4
136.3
99 2
654.5
171 2
68.1
116.8
89 1
736.1
189.7
76.5
150.9
84.5
768.6
203.5
79.9
136.0
104.0
909 5 1 009 6
415.9
459.7
12.9
14 1
168.6
198.7
897 4
466.0
16.4
189.1
735 0
427.4
10.9
203.5
912.0 1 069.5
442.4
484.8
10.9
10.3
210.0
218.2
493.6
432.9
363.5
95.6
549.9
483.2
418.4
111 7
431.4
352.0
449.2
113.9
307.7
239.7
450.4
105.7
469.6
402.8
453.8
118.1
123.2
200.1
246.4
122.7
218.0
267.5
123.3
206.6
255.3
124.0
195.5
242.5
122 8
182.2
223.7
' 124. 0 v 124. 0
r
184. 1 v 215. 5
v 228. 2 v 267. 2
113.2
253.2
286.7
114.0
251.8
287.1
114.2
235.4
268.8
114.4
259.2
296.7
116.5
240.6
280.4
117.8
223.9
263.9
v 119. 1 p 119. 0
v 247. 1 9 256.0
' 292. 3 *304.7
17 146
1 894
17 621
2*008
19 386
2 013
19, 332
2,126
22 312
2 101
21, 734
2,075
19, 802
1,949
23 902
1 767
24 301
2 029
24 061
2 043
21, 928
1 919
26 692
2 151
25, 454
2 133
26, 182
2 085
13.38
56.2
1,759
296
270
10
129
636.5
152 5
87.5
114.7
80 1
656.2
121 4
76.7
144.6
99.7
569.2
109 4
71.0
124.3
81 7
696.2
137 2
81 2
146.0
99 9
r g91 0
389.0
15 8
171.8
862 5
387.4
12.9
151.4
839 9
381.5
18 1
154.0
957 1 1 012 3
453.5
449.3
14 6
17 5
189.0
191.8
503 6
456.8
346. 6
127 8
475.1
420.5
350.3
89.2
458 4
398.0
326.8
89 9
507 8
436 7
380.0
105 4
558.8
477.1
371.3
107 5
119.6
195.5
233.9
122.3
188.3
230.2
122.1
182.0
222.2
122.9
188.7
231.9
120 9
203.7
246.3
109.1
266.2
290.4
113.1
220.5
249.3
112.0
245.5
274.9
112.0
249.1
279.0
113.6
219.6
249.3
1
199 286
1
19 915
19 529
1,995
20, 116
1,953
17 845
1,871
16, 418
1,828
1
288 620
i 21 570
28 395
2 052
21, 943
1 727
28 666
1 907
24, 682
1 926
r
475 5
87
114 1
84 3
73 0
70.9
298.7
114 7
42 8
19.4
18 5
224 2
193 0
14 2
120 5
279 3
252 4
8 6
110 8
872 3
383.4
13.2
179.1
454 2
454 7
461 1
450 6
491 4
012 7 2 861 3 2 662 3 2 939 5 3 195 4
9
8
1
2
7
6
6
2
137.7
79.6
122.4
73.2
274
250
9
112
i
6
9
2
0
244
223
10
133
9.2
584.6
516.9
473.1
120.8
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Ah- Carriers (Scheduled Service)
Certificated route carriers:*
Passenger-miles (revenue)
bil
Passenger-load factor §
percent
Ton-miles (revenue), total 1
mil
Operating re venues 9
mil $
Passenger revenues
do
Freight and express revenues
do
Mail revenues
do
Operating expenses
do
Net income after taxes
do
Domestic operations:
Passenger-miles (revenue)
bil
Express and freight ton-miles
mil
Mail-ton miles
do
Operating revenues
mil $
Operating expenses
do
Net income after taxes
do
International and territorial operations:
Express and freight ton-miles
Mail-ton miles
Operating revenues
Net income after taxes
Local Transit Line*
Fares, average cash rate
Passengers carried (revenue)
113.96
52.6
15, 249
9.90
44.4
1,388
7,753
6 292
585
276
7,248
208
125. 41
50.0
16, 898
8,792
7 120
686
296
8,400
55
87.51
1,775
567
5,691
5,397
83
95.95
1,971
616
6.517
6,237
11
7.61
185
53
29.47
1,384
729
2,275
2,164
44
2.29
129
57
do
26. 45
1,135
700
2,062
1,852
125
cents .
mil.
23.6
6,491
24.3
6,310
24.4
567
mil
do
mil.$
9.06
43.1
1,295
10.78
47.9
1,489
2,219
1 784
185
85
2 204
10.45
46.1
1,403
8.81
45.3
1,243
10.61
49.9
1,466
2,152
1 781
165
71
2 198
' 73
9.97
50.0
1,434
10.69
48.4
1,520
12.40
53.2
1,680
7.11
167
55
8.54
171
71
1,682
1,639
20
8.37
153
53
7.05
147
50
8.44
171
53
1 677
1,699
43
7.77
206
54
8.10
218
53
9.44
206
50
1.95
120
73
2.24
114
85
537
2.08
94
59
1.76
100
64
2.17
113
67
475
2.20
112
65
2.60
112
68
2.96
114
68
3.26
121
57
25.4
542
25.5
515
25.6
491
25.7
449
48
4.QQ
-30
-28
24.7
500
25.2
528
T
Revised.
v Preliminary.
i Annual total reflects revisions not distributed to monthly
data.
2 Domestic trunks (48 States) only.
} Trade in silver is included in value and quantity indexes for 1968 and all indexes thereafter.
9 Includes data not shown separately.
§ Passenger-miles as a percent of available
seat-miles in revenue service; reflects proportion of seating capacity actually sold and utilized.
U Applies to passengers, baggage, freight, express, and mail carried.
* New series. Source: Civil Aeronautics Board. Certificated route industry covers passenger-
10.12 9 2 9. 78 9 2 7. 35
189
54
25.4
505
25.4
470
25.4
522
25.7
440
25.8
482
26.0
507
cargo (including local service, helicopter, and other carriers) and all-cargo carriers. Beginning
Jan. 1970, domestic series reflects operations between the 48 States and Alaska and Hawaii;
prior to 1970 this traffic was included in the international and territorial series. Selected
revenues by type (as shown for total industry) and all traffic statistics cover scheduled service
only; total revenues, expenses, and income for all groups of carriers also reflect nonscheduled
service.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1968
1969
1969
Annual
December 1970
Oct.
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION-Continued
Motor Carriers (Intercity)
Carriers of property, class I (qtrly. total):
Number of reporting carriers .
Operating revenues, total
mil. $_.
Expenses, total
do
Freight carried (revenue)
. .
mil. tons..
Freight carried, volume indexes, class I and II
(ATA):
Common and contract carriers of property
(qtrly.)
average same period, 1957-59=100..
Common carriers of general freight, seas, adj.f
1957-59=100..
Carriers of passengers, class I (qtrly.): §
Number of reporting carriers
Operating revenues, total
_ _
__ mil. $..
Expenses, total
_
do
Passengers carried (revenue)
mil
il,289
9,513
9,030
531
11,289
10,482
10,036
560
1,379
2,640
2,567
136
175.2
183.8
159.4
168.9
170
641.1
563.8
184.3
170
676.4
593.6
175.0
70
166.5
151.8
42.4
70
147 6
145.1
39 2
11,451
10, 346
439
9,062
1,729
659
461
2,958
2,683
106
2,363
429
166
92
2,818
2,569
99
2,337
422
60
3,082
2,811
106
2,458
466
158
76
4 781. 7
767.9
1.347
12, 169
201.7
197.9
1 356
2,838
190.6
184.6
1.378
2,571
201.4
198.6
1 416
2,754
Class I Railroads
Financial operations (qtrly.):
10,860
Operating revenues, total 9
mil. $
9,755
Freight
do
444
Passenger.
_
do
8,582
Operating expenses
do
1,595
Tax accruals and rents _ _ _
do
683
Net railway operating income
do
565
Net income (after taxes)
._
do _ _
Traffic:
Ton-miles of freight (net), revenue and nonrevenue (qtrly.).
bil
4759.1
Revenue ton-miles.
_.
do _.. 4 744. 5
Revenue per ton-mile (qtrly. avg.)
cents ..
1.310
Passengers (revenue) carried 1 mile (qtrly.) mil
13, 120
Travel
Hotels:
Average sale per occupied room
dollars..
Rooms occupied
%of total..
Restaurant sales index__.same mo. 1951=100-.
Foreign travel:
U.S. citizens- Arrivals
thous
Departures
do
Aliens: Arrivals..
do
Departures
do
Passports issued
do
National parks, visits
do
1,289
2,775
2,683
144
172.8
173.9
166.1
167.6
179.9
172.3
178.2
173.0
169.0
122.6
151.0
161.2
179.8
172.8
r 173.
1
172.1
167.4
'2 189. 2 2 3 76.2
11.35
61
117
12.37
59
119
13.66
68
120
12.75
55
112
11.66
44
118
13.22
52
107
12.98
55
114
12.23
57
122
13.95
61
127
12.87
58
131
13.80
56
125
12.17
53
117
13.74
55
106
5,021
4,820
3,084
2,613
1,748
42,392
5,911
4 5, 767
3,602
4 3, 039
1,820
42,403
440
371
309
274
94
2,826
395
355
256
222
77
1,602
342
429
245
272
93
1,040
469
402
297
214
125
987
414
423
237
187
153
1,133
496
499
291
244
246
1,559
480
481
295
245
277
1,878
509
545
341
289
267
3,338
536
731
349
313
311
6,667
736
903
455
395
254
9,912
1,009
767
498
421
163
9,969
15,068
7,578
5,693
9,020
2,553
95.1
16, 781
8,213
6,506
10, 270
2,798
100.3
4,375
2,120
1,717
2,722
734
100.3
4,354
2,149
1,660
2,741
732
101.0
4,543
2,227
1,753
2,898
764
101 7
4,568
2,236
1,765
2,955
758
103.1
358.2
309.5
29.6
391.3
330.8
32.9
104 3
85.1
7.7
97 5
82.8
9.4
106.7
85 8
11 3
98.1
85.1
6.4
153.4
116.1
30.6
179.9
132.6
39.1
48.3
36.5
9.3
47.5
34 9
10.3
48.5
35 9
10.2
47.7
36.0
9.4
13.95
56
118
14.48
62
114
126
101
2
57.3
88
COMMUNICATION (QTRLY.)
Telephone carriers:
Operating revenues 9
mil. $
Station revenues
do
Tolls, message
do
Operating expenses (excluding taxes). _ _ .do
Net operating income (after taxes)
do
Phones in service, end of period. _
mil
Telegraph carriers:
Domestic:
Operating revenues
mil. $..
Operating expenses
do
Net operating revenues (before taxes).. .do
International:
Operating revenues
do
Operating expenses
_ .
do
Net operating revenues (before taxes). ..do
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Acetylene_____________________________mil. cu. ft_
1,242 1,113 1,203
15,385
14,204
Ammonia, synthetic anhydrous __ thous. sh. tons_ 12,119.9 12,713. 5 1,097.2 1,060.0 1,129. 8
Carbon dioxide, liquid, gas, and solid J_____do
1,014.1 1,096.3
82.6
93.5
80.8
Chlorine, gas (100% Clj)___________________d o _ _ _ 8,444.5 9,422.0
811.0 788.2 845.8
1 121
1,155
1,228 1,254
1,214 r 1, 124
1,306 1,319
1,275 1,220
948.0 1,032.5 1,165.5 1,139.4 1,128.9 1,136. 5 1,065.5 1,082.2 1,102.6 1 062 0
68.5
103.5
73.7
80.1
96.5 102.3 109.5 100.3 104.2 '106.6
787.2
745.4
822.5 814.3 839.2
810.3 844.4 ' 811. 7 805.4
Hydrochloric acid (100% HC1) ___________ do
1, 752.1 1,848.6 154.3 145.7
152.4
160.8
149.6
Nitric acid (100% HNOs)
do " 6,362.1 6, 254. 3
528.4
557.3
540.8
517.4 506.0
Oxygen (high purity)*________________mil. cu. ft. 247,995 272,884 24,022
23,885 22,535 21,807
Phosphoric acid (100% P_O6)_____thous. sh. tons. 4,958.3 4,915. 5 438.8 408.6
447.1
393.9
430.4
Sodium carbonate (soda ash), synthetic (58%
NaaO) ------------------------- thous. sh. tons. 4,595. 7 4,502.8 410.4 349.6
350.6
419.8
343.6
Sodium bichromate and chromate
. . do
149.4
146.0
11.3
14.3
13.5
11.3
10.5
Sodium hydroxide (100% NaOH)__________do.__ 8,867.7 9,618.7
800.9
840.1 821.2 858.0
756.0
Sodium silicate, anhydrous____thous. sh. tons.. _
63.4
653.8
633.5
60.3
37.4
60.9
44.5
Sodium sulfate, anhydrous-, thous. sh. tons
119.9
1,482.7 41,471.0 130.8
120.1
115.4 117.1
Sulfuric acid (100% H_SO4)_______________do
28, 556.4 28,727.4 2,515.2 2,424.7 2,708.5 2,302.6 2,312.6
r
Revised.
1 Number of carriers filing complete
reports for the year.
2 Preliminary
3
estimate
by Association of American Railroads.
Data cover 5 weeks; other months, 4
we
eks.
4
Annual
total
reflects
revisions
not
distributed
to
the
monthly
or
quarterly
data.
5
After extraordinary items.
t Revised monthly data (1957-69) are available.
176.8
551.4
23,713
458.7
157.1
582.0
23,325
480.3
165.9
571.7
24,040
465.0
161.5
548.7
23,401
422.1
166.8 ' 161. 0 r 162.6
522.7
502.1
475.7
23,147 ' 22,974 23,003
388.1 456.9 474.1
549 6
24 248
355.5
332.7
378.3 391.4 365.4 379.4
370.4
12.1
10.7
13.6
13.6
12.7
12.6
12.7
847.8 856.8 816.8
835.2
889.3 r 879.1 828.9
48.8
65.2
55.0
52.2
54.8
39.1 ••48.7
124.0
116.0 108.0
108.0
103.4 '97.9 117.6
2,465.3 2,530.5 2,517.4 2,398.4 2,310.7 2,303.9 •2,403.8 2 473 1
§ Beginning with 1st quarter 1969 reporting period, motor carriers are designated class 1
if they have annual gross operating revenues of $1 million or over (1968 data have been restated
on the new basis).
9 Includes data not shown separately.
t Revisions for 1967 available upon request.
SURVEY OF CURRENT BUSINESS
December 1970
1968
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
S-25
1969
1 1969
Annual
Oct.
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Organic chemicals, production:^
11,651.6
31.2
1 106. 0
1,748. 0
37.5
U19. 1
134.5
2.9
11.0
129.5
2.7
10.0
152.1
3.5
143.0
3.4
6.5
136.2
3.0
8.8
2.9
10.0
3.0
8.6
131.5
3.0
10.2
133.2
2.8
9.3
132.2
2.4
8.0
127.8
2.2
'9.6
3.3
9.5
mil. lb.. 1 162. 0
14,099.6
do
1 153. 2
4,192.8
16.7
381.7
10.4
355.0
13.1
358.7
12.7
324.8
14.5
321.1
13.6
382.6
25.5
373.7
22.9
372.4
13.2
363.1
8.3
324.2
9.7
353.2
10.6
397.8
-- - do
do
mil. gaL.
mil. lb__
347.0
29.5
580.2
i 748. 3
344.1
30.5
i 624. 8
774.0
30.3
30.5
56.6
61.1
31.4
30.5
52.5
64.3
29.0
30.5
56.4
72.1
24.5
27.5
52.5
56.4
26.5
26.5
53.5
61.8
27.9
23.8
54.3
63.2
29.1
24.9
59.7
58.8
28.7
26.5
60.4
64.8
28.8
27.2
57.9
61.0
25.3
25.3
43.4
61.0
27.9
24.6
53.2
58.8
26.1
24.4
50.6
63.6
mil. tax gal..
do
- do
- __do
708 1
189.2
564.4
81.4
738.3
179.7
592.6
85.6
76.3
176.3
52.7
8.4
50.8
177.2
33.7
6.6
53.2
179.7
43.8
5.9
42.2
164.4
40.2
6.2
48.5
166.9
40.7
7.1
59.8
177.1
46.6
8.0
57.7
181.2
44.0
8.6
57.8
177.3
46.3
6.2
59.2
184.0
48.4
6.7
56.9
184.8
45.0
6.0
46.9
176.9
42.3
6.4
58.3
177.8
42.7
7.5
mil. wine gal-do
do
303.5
305.6
2.7
318.5
318.8
2.4
28.3
28.2
2.7
18.0
18.1
2.6
23.7
23.7
2.4
21.6
21.4
2.6
21.6
21.7
2.5
24.9
25.1
2.4
23.7
23.6
2.4
24.8
24.3
3.0
26.0
26.1
2.9
24.3
24.4
2.8
22.8
22.9
2.7
23.0
22.9
2.8
thous. sh. tons. _
do. __
do _
do
18,956
2,607
13, 584
1,303
16, 599
1,799
12,229
1,233
1,421
108
1,110
106
1,004
107
704
93
1,319
93
1,039
122
1,278
57
1,079
78
1,253
61
977
87
1,088
106
840
51
1,230
49
951
105
579
102
323
87
2,078
92
1,773
48
1,550
140
1,148
103
1,414
130
1,086
74
1,341
76
1,034
115
1,479
105
1,189
74
do
do
do. __
-_do
227
131
3,557
205
233
138
3,829
184
13
14
491
18
15
16
364
6
19
9
393
19
25
16
336
16
22
17
377
9
46
30
514
1
59
37
579
1
57
16
397
6
15
12
218
21
10
6
164
16
10
15
304
13
18
12
331
13
23
16
391
22
4,170
4,796
507
453
634
331
401
631
621
416
206
169
353
340
4,149
535
4,290
448
379
427
347
429
393
448
336
468
356
422
393
359
408
276
381
264
364
351
330
455
343
432
380
'418
Explosives (industrial), shipments, quarterly §
mil. lb_. 1, 581. 7
1, 924. 8
Paints, varnish, and lacquer, factory shipments:
Total shipments
mil $
Trade products
do
Industrial
finishes
. . do
2,586.8
1, 427. 5
1,159.3
2, 776. 7
1,473.5
1, 303. 5
234.4
119.1
115.3
186.2
91.6
94.6
179.9
85.0
95.0
179.0
85.9
93.1
197.6
102.8
94.8
241.6
130.4
111.2
236.3
131.7
104.6
Sulfur, native (Frasch) and recovered:
Production
___
thous. Ig. tons _
Stocks (producers'), end of period
do
18,817
2,790
8,568
3,461
715
3,306
755
3,401
746
3,461
730
3,530
660
3,604
721
3,657
1 691. 6 i 628. 8
1615.4 i 667. 4
il, 096. 8 11,123.8
i 816. 1 i 770. 5
61.6
58.7
106.7
69.9
43.1
54.4
91.0
65.1
43.8
55.6
87.9
55.7
44.3
49.4
85.2
54.8
45.5
49.7
90.5
52.8
Thermoplastic resins:
Cellulose plastic materials
do
1187.3 1 192. 6
Coumarone-indene and petroleum polymer
resins
mil. Ib
1 348. 8 i 332. 6
Styrene-type materials (polystyrene)
do
12, 895. 7 13,251.6
Vinyl resins (resin content basis)
do
13,215.1 13,638.8
Polyethylene.
do. _ 14, 567. 7 15,440.7
14.8
15.5
14.0
11.0
32.0
279.0
323.6
492.3
29.4
276.9
311.5
486.6
26.5
280.2
311.5
497.7
22.9
275.5
284.9
448.4
Acetvlsalicylic acid (aspirin)
Creosote oil
do
mil. gal
Ethyl acetate (85%)
Formaldehyde (37% HCHO)
Glycerin, refined, all grades:
Production
Stocks end of period
Methanol synthetic
Phthalic a'nhydride
-
27.8
23.0
ALCOHOL
Ethyl alcohol and spirits:
Production
Stocks end of period
Used for denaturation
Taxable withdrawals
_
Denatured alcohol:
Production
Consumption (withdrawals)
Stocks end of period
FERTILIZERS
Exports total 9
Nitrogenous materials
Phosphate materials
Potash materials
Emports:
Ammonium nitrate
Ammonium sulfate
Potassium chloride
Sodium nitrate _ - __
Potash deliveries (KjO)
_
do
Superphosphate and other phosphatic fertilizers
(100%P2Os):
Production
thous sh. tons
Stocks end of period
do
388
404
MISCELLANEOUS PRODUCTS
390.9
475.3
484 0
251.2
142.9
108.3
281.3
162.1
119.2
256.4 T 258. 9 252.3
153.1 ' 150. 5 143.5
103.2 ' 108. 5 108.8
683
3,642
720
3,714
671
3,738
717
3,689
700
3,800
817
3,837
47.7
58.2
93.0
53.8
53.9
57.9
100.6
54.9
49.2
52.5
89.3
54.7
58.0
54.5
85.7
54.6
55.3
49.1
74.1
44.7
51.7
53.6
83.1
54.7
59.6
54.7
82.2
52.8
12.0
13.3
12.8
12.5
11.0
10.4
10.3
10.8
27.7
255.1
283.2
441.8
25.1
269.2
316.7
472.2
27.4
276.2
338.2
484.6
26.9
288.2
330.2
501.1
25.6
299.1
325.3
505.3
25.3
272.5
298.4
503.2
25.7
274.3
310.5
488.7
24.6
293.8
314.0
497.4
512.4
217.3
123.2
94.1
PLASTICS AND RESIN MATERIALS
Production:
Therm osetting resins:
Alkyd resins
Polyester resins
Phenolic and other tar acid resins
Urea and melamine resins
mil. Ib
do
_do
do
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total J
mil. kw.-hr._ 1,436,029 1,552,299 129, 414 125, 601 136, 786 141, 110 124, 678 132,333 126, 528 130, 470 137, 155 149, 700 151, 492 139,839
Electric utilities, total
By fuels
By waterpower
_
do
do
_._do
Privately and municipally owned utiL do
Other producers (publicly owned)
..do
Industrial establishments, total
By fuels
By waterpower
__ _ _ .
f
1
_ . do
do
do
1,329,443 1,441,939 119, 980 116, 465 127, 357 131, 732 116, 010 123, 051 117, 443 121, 197 128, 082 140, 633 142, 694 131, 106
1,106,952 1,191,861 101, 040 96, 941 106, 027 109, 474 95, 973 100, 978 95, 722 99, 394 106, 906 119, 724 122, 769 113, 094
222, 491 250,078 18, 940 19, 524 21, 330 22, 258 20, 037 22, 073 21, 721 21, 803 21, 176 20, 909 19, 924 18, Oil
1,083,117 1,171,693
246, 326 270,247
98, 711
21, 269
110,360
107,076
3,283
9,434
9,184
250
106, 586
103, 203
3,383
94, 736 103, 589 107, 213
21, 729 23, 768 24, 519
94, 335
21, 675
99, 877
23, 174
96, 192
21, 250
9,429
9,144
285
8,668
8,367
301
9,283
8,978
305
9,085
8,765
320
9,137
8,869
267
Revised.
Revised annual total; revisions are not distributed to the monthly data.
cTData are reported on the basis of 100 percent content of the specified material unless
9,378
9,070
307
98, 722 104, 606 115, 291 117, 630 108, 928
22, 475 23, 477 25, 342 25,064 22, 177
9,274
8,961
312
9,072
8,806
267
9,067
8,825
242
8,798
8,575
223
8,733
8,529
204
otherwise indicated.
9Includes data not shown separately.
§Data have been restated to exclude black blasting powder formerly included.
I Re vised data for the months of 1968 will be shown later.
Nov.
SURVEY OF CURRENT BUSINESS
S-26
1969
1968
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1969
Oct.
Annual
December 1970
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
ELECTRIC POWER AND GAS—Continued
ELECTRIC POWER— Continued
Sales to ultimate customers, total (EEI) mil.kw.-hr 1,202,321 1,307,178 110, 128 106, 862 111, 506 116, 941 113, 452 111,774 109, 247 108, 692 113, 876 121, 481 126, 043
Commercial and industrial:
1265,151 286, 686 24, 619 23, 232 23, 652 24,464 23, 982 23,609 23, 564 24, 339 26, 588 29, 113 30, 128
Small light and power§
do
1 518,834 557, 222 48, 418 47, 080 47, 190 46, 096 45, 583 47,041 47, 030 47, 970 49, 231 48, 012 48, 997
Large light and power §
do
Railways and railroads
Residential or domestic
Street and highway lighting
T t
r\
4-
t 1
do
do
do
"
HO
14,540
1367,692
1 10, 302
132,162
1 3, 640
4,531
407, 922
10, 772
35, 861
4,186
365
32, 335
948
3,074
369
379
31, 823
988
3,008
352
443
35, 759
1,043
3,062
357
453
41,404
1,032
3,122
369
403
39,068
964
3,087
365
415
36,307
938
3,079
386
376
34, 007
891
3, 005
374
384
31, 745
839
3,032
383
363
33, 302
817
3,182
393
359
39, 530
828
3,223
416
362
42, 051
869
3,222
414
Revenue from sales to ultimate customers (Edison
Electric Institute)
niil $ 18, 579. 9 20, 139. 4 1, 705. 8 1, 653. 8 1, 715. 1 1, 798. 8 1, 757. 5 1,721.0 1, 697. 8 1, 708. 8 1, 795. 7 1, 935. 7 2, 013. 4
GAS
Manufactured and mixed gas:
L/ustomers, ena 01 penou, i ua v
579
543
36
575
538
36
575
538
36
576
.534
41
567
531
35
mil. therms.do
1,466
825
617
1,519
825
667
408
184
644
398
233
321
173
142
Revenue from sales to consumers, total 9 -mil. $__
129.0
81.4
45.9
130.6
80.3
48.1
34.6
20.9
13.1
54.3
36.0
17.4
28.8
17.7
10.7
39, 950
36, 672
3,231
40, 769
37, 413
3,307
40, 769
37, 413
3,307
41, 338
37, 938
3,355
41, 003
37, 680
3,275
143, 521
44,701
92, 594
154,430
47, 129
91, 519
39 339
11,905
25, 936
54, 236
22, 528
30, 192
38, 349
10,021
26, 854
Revenue from sales to consumers, total 9 -.mil. $__ 8,644. 9 9,406.6
4, 476. 8 4, 800. 1
Residential
do
3, 946. 4 4,389.6
Industrial and commercial
do
2, 453. 2
1, 241. 5
1, 152. 9
3, 732. 0
2, 175. 8
1, 486. 5
2, 328. 9
1,118.7
1, 153. 9
_ -_
Industrial and commercial
do
Sales to consumers, total?
Residential
Industrial and commercial
do
Natural gas:
"R
T
'r\
t' ]
'
1 t ' 1 rTd Vn~ "mproial
" "
"
Residential
do
do
do
216
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
122. 41
Production
mil. bbl
111.42
Taxable withdrawals
do
11.56
Stocks, end of period
do
Distilled spirits (total):
Production
mil. tax gaL. 238. 33
Consumption, apparent, for beverage purposes
mil. wine gal._ 1344.07
147. 63
Taxable withdrawals
mil tax gal
956. 44
Stocks end of period
do
75.45
Imports
mil proof gal
Whisky:
Production
mil tax gal
178. 05
95.28
Taxable withdrawals
do
904. 35
Stocks end of period
do
66.50
Imports
mil. proof gal._
Rectified spirits and wines, production, total
mil. proof gaL.
Whisky
do
Wines and distilling materials:
Effervescent wines:
Production
mil wine gal
Taxable withdrawals
do
Stocks end of period
do
Imports _
do
Still wines:
Production
do
Taxable withdrawals
do
Stocks, end of period
do
Imports
do
127. 32
116.27
11.90
10.81
10.14
12.81
8.54
8.28
12.38
9.62
9.24
11.90
9.56
8.47
12.43
9.31
8.04
12.99
11.84
10.35
13.46
12.44
10.66
14.12
12.45
11.45
14.20
13.40
11.90
14.69
12.38
11.87
14.18
11.33
10.79
13.76
11.01
10.38
13.45
20.55
20.28
21.26
20.11
18.16
16.29
12.89
11.22
16.18
10.28
9.62
13.22
229. 34
22.75
19.84
20.87
i 361. 67
164.55
991.42
87.08
33.03
17.82
981. 02
11.47
33.66
14.17
983.86
9.03
42.64
12.19
991. 42
10.84
28.30
29.92
28.00
30.21
30.98
25.71
29.30
27. 14
25.07
14.83
13.23
12.40
16.10
14.72
11.05
11. 32
14.38
16.04
998. 08 1,002.98 1,005.66 1,008.95 1,010.84 1,012.99 1, 013. 73 1,007.86 1,006.26
7.03
6.28
7.55
5.46
7.29
7.63
5.66
6.89
5.97
169. 87
108. 01
938. 46
74.29
16.03
12.80
930. 93
10.29
14.00
9.80
932. 25
7.97
15.36
8.06
938. 46
7.30
15.30
8.10
944. 66
4.67
14.96
8.27
949. 15
4.83
15.69
10.64
951.64
6.66
15.21
9.88
955. 47
6.22
12.85
7.79
959. 53
5.49
10.15
8.76
959. 73
6.34
9.12
6.72
961. 12
5.96
7.16
9.04
957. 73
5.15
10.37
10.67
955. 42
6.76
110. 56 ' 116. 37
66.71
68.02
11.90
7.10
8.99
5.15
8.17
4.27
8.11
4.22
8.44
4.86
11.07
6.58
10.85
6.57
8.15
4.36
9.16
4.71
7.65
4.27
8.78
4.86
10.08
5.79
12.17
10.29
5.26
2.23
15.80
13.86
6.19
2.41
1.70
1.83
6.40
.31
1.67
1.55
6.45
.29
1.97
2.04
6.19
.27
1.81
1.81
6.48
.11
1.71
1.27
6.82
.10
2.06
1.64
7.15
.12
2.02
1.27
7.80
.15
1.80
1.37
8.10
.14
1.75
1.56
8.15
.13
1.41
1.24
8.27
.09
1.96
1.39
8.72
.10
1.77
2.04
8.31
.17
.19
222. 89
181. 52
268. 28
19.98
277. 81
197.23
306.36
22.28
126. 45
19.31
293. 13
2.33
55.85
16.01
326. 97
2.50
9.49
17.90
306.36
2.65
4.08
18.44
290. 91
1.76
3.87
16.36
274. 56
1.65
4.60
20.64
256. 07
2.23
2.98
16.76
240. 99
2.24
3.47
15.10
226. 63
2.42
2.50
17.44
207. 10
2.37
3.15
14.44
196. 38
2.20
11.05
16.32
187. 14
2.13
70.81
18.73
238. 03
2.20
.251
2.85
2.15
1.29
4.45
28.76
126. 06
10.84
5.47
373. 08
403. 32
161. 97
52.16
25.52
7.62
6.55
6.34
mil Ib
1, 164. 8
do
117.4
$ per lb_.
.678
1, 121. 1
88.6
.685
76.7
125.2
.693
71.4
104.3
.687
90.3
88.6
.696
99.9
77.4
.686
93.0
81.3
.687
105.6
91.6
.688
109.1
114.3
.707
116.7
147.0
.708
112.4
186.0
.707
92.5
203.5
.708
72.8
81.1
199.2 * 171. 3
.708
.713
82.1
147.5
.713
mil. lb.. 1, 938. 2 1, 985. 9
__do
1, 273. 8 1, 266. 4
153.4
91.9
146.1
85.4
168.1
100.9
168.5
107.6
160.2
103.0
187.4
120.4
194.4
130.9
215.6
149.3
215.4
150.0
199.3
136.6
181.5
120.6
172.2
103.4
298.0
249.6
10.9
285.7
238.0
10.8
286.2
238.9
16.0
308.9
257.7
11.5
335.8
281.0
9.4
370.3
315.2
10.9
384.3
325.9
10.8
336.3
366.8 ' 358. 5
308.9 ' 289. 2 264.8
15.6
11.1
11.8
322.6
251.6
.647
.659
.663
.646
.632
.634
.636
.661
.665
Distilling materials produced at wineries.. _ do
DAIRY PRODUCTS
Butter, creamery:
Production (factory)
Stocks, cold storage, end of period
Price, wholesale, 92-score (N.Y.)
Cheese:
Production (factory), total
_
American, whole milk
Stocks, cold storage, end of period
do
American, whole milk
do
Imports
. _
do
Price, wholesale, American, single daisies (Chicago)
_$ per lb_.
'Revised.
l
381.0
318.7
168.2
317.5
265.4
130.0
350.9
294.6
14.3
328.7
274.8
3.9
317.5
265.4
20.8
.548
.603
.621
.630
.636
Annual total reflects revisions not distributed to the monthly data.
.636
167.6
104.5
.640
135.8
.709
§ Data are not wholly comparable on a year to year basis because of changes from one class!
flcation to another.
9 Includes data not shown separately.
SURVEY OF CUKRENT BUSINESS
)ecember 1970
nless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1968
1969
Annual
S-27
1969
Oct.
1970
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS— Continued
ondensed and evaporated milk:
Production, case goods:
Condensed (sweetened)
mil. Ib
Evaporated (unsweetened)
- do__ _
Stocks, manufacturers', case goods, end of period:
Condensed (sweetened)
mil. Ib
Evaporated (unsweetened)
__do
Exports:
Condensed (sweetened)
- do __
Evaporated (unsweetened)
_ _
do
Price, manufacturers' average selling:
Evaporated (unsweetened)
$ per case..
Juid milk:
Production on farms
mil. Ib
Utilization in mfd dairy products
- do _
Price, wholesale, U.S. average
$ per 100 lb._
>ry milk:
Production:
Dry whole milk
. _ mil. lb_
Nonfat dry milk (human food)
do
Stocks, manufacturers', end of period:
Dry whole milk
__do_ _.
Nonfat dry milk (human food)
do
Exports:
Dry whole milk
__do
Nonfat dry milk (human food)
do
Price, manufacturers' average selling, nonfat dry
milk (human food)
$ per lb_.
87.4
1,360.0
84.9
1, 413. 8
8.9
93.5
5.9
83.6
3.9
108.5
2.1
99.1
1.9
105.0
3.0
147.7
2.2
113.6
1.9
105.0
5.7
90.9
(fl)
«85.1
(6)
688.4
42.4
33.7
52.1
37.1
6.9
4.2
4.4
3.4
.6
2.4
0)
2.3
0)
3.2
.1
2.3
6
(«)
102.1
6
(«)
(6)
(«)
(fl)
(•)
96.2 • 107. 2 6 114. 0 «133.4 6 136. 5
6
(6)
(fl)
117. 5 e 103. 1
(•)
«88.9
(6)
87.1
(6)
(6)
(6)
679.6 e 130. 2 « 173. 2
6
(6)
(6)
(6)
192. 7 « 195. 9 • 187. 4
(6)
180.0
(0
3.1
.6
1.2
6.9
2.0
8.06
8.12
8.12
(l)
4.4
0)
3.6
0)
1.8
0
2.5
7.26
7.50
7.53
7.59
7.62
7.75
7.76
7.77
7.85
7.96
8.04
8.11
117, 234
57, 997
5.24
116, 200
57, 167
5.49
9,138
4,068
5.85
8,691
3,670
5.92
9,170
4,306
5.89
9,412
4,649
5.81
8,840
4,543
5.69
10, 053
5,287
5.55
10, 330
5,524
5.51
11, 019
6,067
5.39
10, 750
6,140
5.33
10, 162
5,583
5.45
79.8
1, 594. 4
66.1
1, 431. 7
4.6
79.0
5.2
72.0
5.2
101.5
5.1
102.5
4.7
106.8
6.1
132.2
6.1
148.4
7.2
185.7
7.3
179.9
6.5
152.3
5.8
124.5
4.7
96.0
4.4
94.8
7.6
79.0
6.6
83.9
6.7
107.9
5.7
90.2
6.6
83.9
5.8
81.1
5.6
81.8
4.7
80.6
5.1
101.4
6.6
138.7
8.0
159.0
9.3
154.0
9.4
165.5
8.6
144.8
6.6
122.8
18.6
151.0
15.6
111.6
1.2
8.8
.5
10.4
.7
7.4
1.5
25.7
3.8
29.2
1.4
14.2
1.0
10.7
1.0
9.0
.7
14.2
.6
19.9
.7
34.1
.5
19.9
.7
7.7
.224
.235
.236
.237
.237
.238
.236
.237
.262
.269
.276
.273
.271
;274
.273
ixports (barley, corn, oats rye, wheat)... mil. bu._ 1,267.4
1,059. 0
103.6
123.6
100.8
97.6
107.1
93.9
100.7
104.6
102.5
117.4
111.5
114.5
143.2
.3
420 1
258.0
162.1
.2
.1
.2
.1
.1
8.3
8.1
488.6
302.8
185 2
6.4
4.4
1.08
1.07
1.06
1.06
1.06
1.06
1.07
1.07
1.10
1.09
1.11
1.12
1.14
1.14
1.19
1.18
1.19
1.17
56.8
1.40
1.42
9,248
9,732 9,250
5,013 ' 4, 418 4,388
5.81 '6.02
5.57
8,835
6.08
GRAIN AND GRAIN PRODUCTS
arley:
.rruuucL
v u "^
•, l y tj /----
On farms. _
Off farms
Exports, including malt§
Prices, wholesale (Minneapolis):
No. 2, malting
No. 3, straight
do
do
-do
$ per bu._
- do __
iorn:
Stocks (domestic), end of period, total.. mil. bu._
On farms
do
Off farms
do
Exports including meal and
flour
do
Prices, wholesale:
No. 3, yellow (Chicago)
$ per bu._
Weighted avg., 5 markets, all grades _ do __
>ats:
Production (crop estimate)
Stocks (domestic), end of period, total
On farms
Off farms
mil bu
do
do
do
Exports includin01 oatmeal
do
Price, wholesale, No. 2, white (Chicago)
$ per bu..
Uce:
Production (crop estimate)
mil bags 9
California mills:
Receipts domestic rough
mil Ib
Shipments from mills milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of period
mil Ib
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
mil. lb_.
Shipments from mills milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis) end of period
mil Ib
Exports
do
Price, wholesale, Nato, No. 2 (N.O.)
$ perlb_.
lye:
Production (crop estimate)
mil bu
Stocks (domestic) end of period
do
Price, wholesale, No. 2 (Minneapolis)..? per bu..
VOieat:
Production (crop estimate) total
Spring wheat
Winter wheat
Distribution
mil bu
do
do
do
2 423. 0
371.6
247.7
123.9
17.8
2 417. 2
420.1
258.0
162.1
8.3
.7
1.18
1.18
1.12
1.12
1.08
1.08
2 4 393
2 4 578
1.08
1.07
3232.4
3 132. 1
3100.3
7.8
6.5
1.15
1.15
1.16
1.16
58.7
43.9
3999
3570
3430
53.8
1.38
1.32
1.47
1.40
1.50
1.46
4,233
3,276
957
594.0
4,313
3,320
993
553.5
55.3
1.11
1.11
1.21
1.19
1.16
1.17
2939
784
661
123
2950
884
723
161
79.6
4 313
3,320
993
48.6
40.2
1.15
1.12
1.15
1.12
1.22
1.19
50.3
2,989
2,222
768
44.3
40.0
50.0
1,923
1,403
520
40.0
1.23
1.22
1.22
1.21
1.26
1.25
1.30
1.29
1.34
1.32
884
723
161
1.21
1.12
.9
.4
.5
.5
.5
1.9
.68
.66
.67
.72
.76
78
63
127
39
244
171
281
258
303
302
161
130
67
110
89
38
241
228
280
136
249
188
184
42
42
326
406
280
374
330
373
269
423
110
335
44
220
95
291
1,049
267
1,672
401
1,482
547
1,695
362
.086
1,508
235
.085
1,322
337
.085
1,176
306
.085
931
188
.085
717
366
.085
504
499
.085
318
371
.085
745
231
.085
1,502
189
1,950
438
29.9
1.14
1.15
1.16
321.2
1.18 "~UJ5~
"T68~
47.7
1.10
7.6
5.67
2 104. 1
291.3
2,020
1,376
2,012
1,515
336
59
36
44
79
47
63
60
87
67
312
270
284
266
270
250
7,086
4,774
6,605
4,818
1,687
538
602
450
424
461
2,013
4,163
.087
1,695
4,183
.085
1,894
375
.086
1,862
349
.086
223.4
24.3
1.14
231.4
29.9
1.17
1.12
1.13
2 1, 576
2341
21 235
1,444
21,459
.4
.4
.3
1.0
.5
71
1.41
1.39
7891
1,076
830
246
.67
11.6
.7
3490
3345
3146
673
529
145
<.72
7.4
784.4
24.6
1.18 "Tl8~ "~I.~26~
736.2
"Tie" "~i.~17~
71,360
7251
7 1, 109
2311
2 1, 148
1,275
7410.3
74,104
340
Stocks (domestic) end of period total
do
1 531
1,346
1,531
On farms
do
608
581
608
Offfarms
_ _
do
764
923
923
T
Revised.
1 Less than 50 thousand pounds.
2 Crop estimate for the year.
3
Old crop only; new crop not reported until beginning of new crop year (July for barley,
ats, rye, and wheat; Oct. for corn).
* Average for 11 months; no price for Nov.
326.4
192.8
'337
'313
462
3883
1,782
1,195
3305
653
454
3578
741
1,129
a
Average for Jan.-Sept. « Condensed milk reported with evaporated to avoid disclosing
operations of individual firms. 7 December 1 estimate of 1970 crop.
§ Excludes pearl barley.
$ Bags of 100 Ibs.
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1968
1969
December 191
1969
Annual
Oct.
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
NOT
FOOD AND KINDRED PRODUCTS; TOBACCO— Continued
i
GRAIN AND GRAIN PRODUCTS— Con.
Wheat— Continued
Exports total including
Wheat only
flour
mil. bu
do
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu_.
No. 2, hd. and dk. hd. winter (Kans. City). do
Weighted avg., 6 markets, all grades
do
642.1
587.8
489.2
439.9
46.9
40.5
43.2
38.4
51.6
48.1
56.9
51.7
55.6
51.4
49.0
44.6
59.7
54.4
47.6
43.4
54.2
48.3
49.9
47.9
59.0
56.3
52.4
49.9
74.7
69.0
1.79
1.52
1.77
1.80
1.48
1.75
1.82
1.53
1.75
1.83
1.52
1.76
1.88
1.52
1.78
1.86
1.53
1.75
1.93
1.53
1.72
1.88
1.49
1.73
1.91
1.54
1.75
1.89
1.53
1.75
1.93
1.45
1.76
1.92
1.42
1.71
1.86
1.54
1.80
1.93
1.62
1.87
1.95
1.60
1.88
254, 094
4,558
567, 956
23, 357
407
51,894
22, 170 •23, 068
385
402
49, 344 51, 348
21,960
383
48,905
21,015
357
47, 424
21, 347
372
47, 089
20, 756
352
45, 834
19,826
347
44,500
19,982
353
44,126
19, 991
350
44,700
21,233 ' 22, 159
373
'394
47,740 '49,361
23, 355
407
50, 693
4,595
21, 130
2,751
2,052
4,595
1,499
2,232
1,726
4 237
1,860
2,238
1,837
4 227
2,523
863
1,164
4 438
1,074
2,438
5.923
5.438
5.950
5.488
5.988
5.475
6.000
5.488
6.000
5.513
6.063
5.538
6.088
5.525
6.100
5.513
6.075
5.513
6.113
5.513
6.125
5.525
6.125
5.525
3,876
29, 592
* 11,699
3,637
30, 536
i 12, 715
329
2,887
1,380
281
2,368
1,130
302
2,568
1,052
290
2,653
965
239
2,318
850
290
2,477
983
263
2,545
927
220
2,493
990
210
2,615
997
231
2,642
927
232
2,538
971
264
2,723
1,010
266
2,752
1,233
1,1
27.65
25.89
33.83
30.48
29.30
37.29
29.10
28.81
34.00
28.71
29.30
35.00
28.86
29.55
37.50
29.25
29.44
38.00
30.25
31.31
38.00
31.92
33.36
43.50
31.53
32.40
42.50
30.36
31.36
42.00
30.61
30.84
40.00
31.35
29.52
40.00
30.74
28.76
40.50
30.76
28.99
30.23
29.68
28.
28.
75, 682
15,415
7,100
1,374
5,825
' 1, 143
6,344
1,276
6,170
1,166
5,570
1,003
6,415
1,182
6,678
1,253
5,877
1,156
5,685
1,153
5,774
1,106
6,045
1,088
7,034
1,303
7,662
1,451 "1,1
23.65
25.49
25.79
26.86
27.52
28.23
25.89
24.05
23.28
23.87
23.57
21.12
20.43
17.37
15.
20.4
22.1
23.4
23.6
23.5
24.0
22.7
20.7
19.4
19.2
19.3
17.1
14.3
13.4
11
Wheat flour:
Production:
Flour
- _ thous. sacks (100 lb.).. 254, 185
4,510
Offal
thous. sh. tons
569, 649
Grinding*? of wheat
thous bu
Stocks held by mills, end of period
4,638
thous. sacks (100 lb.)._
23, 264
Exports
_- -do
Prices, wholesale:
Spring, standard patent (Minneapolis)
5.927
$ per 100 lb_.
5.449
Winter, hard, 95% patent (Kans. City). -do
1.
1.
1.
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous. animals
Cattle.
__do
Receipts at 38 public markets
do
Prices, wholesale:
Beef steers (Chicago)
$ per 100 Ib
Steers, stocker and feeder (Kansas City)__do
Calves, vealers (Natl. Stockyards, 111.) --do
Hogs:
Slaughter (federally inspected)., thous. animals.. 74, 789
Receipts at 38 public markets
do
i 15, 932
Prices:
Wholesale, average, all grades (Sioux City)*
$ per 100 lb__
19.08
Hog-corn price ratio (bu. of corn equal in value
to 100 Ib live hog)
18.0
Sheep and lambs:
Slaughter (federally inspected)... thous. animals-.
Receipts at 38 public markets
do _
Price, wholesale, lambs, average (Omaha)*
SperlOOlb..
10, 888
i 2, 934
10, 070
i 2, 704
931
303
730
218
798
213
855
193
742
139
859
169
903
161
795
185
841
242
829
230
789
225
898
244
26.58
28.53
28.38
27.50
27.50
28.88
28.75
28.75
26.00
29.00
29.50
28.38
27.12
26.75
26.75
32, 714
33, 370
3,170
2,617
2,872
2,892
2,537
2,821
2,920
2,737
2,770
2,771
2,731
3,031
3,198
625
508
1,594
637
571
1,685
612
62
165
635
51
100
637
43
122
659
31
173
721
32
155
743
33
175
811
37
143
815
42
112
728
41
148
671
31
171
607
43
167
588
53
167
'646
49
155
18, 270
304
29
1,129
18, 874
363
28
1,194
1,805
342
2
120
1,478
343
2
62
1,632
363
2
81
1,696
378
3
135
1,460
401
2
108
1,594
390
3
123
1,616
380
3
94
1,580
363
3
70
1,643
327
3
99
1,644
317
3
122
1,582
300
2
129
1,701
296
2
130
917 .....
262
25.
MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in) , inspected
slaughter.
_ __mil. lbStocks (excluding lard), cold storage, end of
period .
mil. Ib
Exports (meat and meat preparations)
. d o __
Imports (meat and meat preparations)
do
Beef and veal:
Production, inspected slaughter
do
Stocks, cold storage, end of period
__ do__
Exports
do
Imports.. _ _ _ _ _ _ _
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
$perlb__
Lamb and mutton:
Production, inspected slaughter
mil. lb__
Stocks, cold storage, end of period
do
Pork (including lard), production, inspected
slaughter
__ _
mil. Ib
Pork (excluding lard):
Production, inspected slaughter
do
Stocks, cold storage, end of period
do
Exports
do
Imports ._
do
Prices, wholesale:
Hams, smoked composite
$ per l b _ _
Fresh loins, 8-14 Ib. average (New York) ..do
Lard:
Production, inspected slaughter
mil. lb_.
Stocks, dry and cold storage, end of period.. do
Exports
_
do
Price, wholesale, refined (Chicago)
$ per lb_.
2
1,735 ----'310
3
113
.492
.460
.457
.468
.488
.487
.512
.506
.488
.499
.517
.505
.488
.473
545
14
510
16
47
17
37
17
42
16
45
17
40
18
47
22
48
21
41
19
42
20
41
23
39
23
44
21
46
21
13, 899
13, 989
1,318
1,102
1,199
1,151
1,011
1,180
1,255
1,116
1,085
1,086
1,111
1,286
1,417
11, 330
256
92
324
11,563
211
152
316
1,089
202
20
27
906
221
13
23
998
211
5
27
951
210
4
19
844
237
4
33
985
269
4
33
1,045
329
4
32
936
351
4
29
897
304
4
32
905
255
5
32
924
217
5
24
1,066
210
11
25
1,174 ...._
'246
9
30
.537
.509
.580
.575
.625
.608
.628
.622
.674
.614
.679
.657
.681
.626
.677
.578
.566
.562
.566
.581
.572
.623
.536
.647
.535
.572
.560
.510
1,862
94
175
.112
1,755
70
262
.145
167
58
30
.165
142
48
42
.170
145
70
13
.169
144
65
25
.159
121
62
38
.159
139
67
37
.185
153
75
13
.165
130
65
30
.160
136
65
19
.153
132
66
38
.153
135
54
37
.160
158
60
28
176
59
37
761
653
742
786
780
921
999
984
1,020
1,048
272
162
250
133
223
101
208
82
214
74
250
95
322
157
411
240
516
343
.473
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil. lb__
9,492
812
840
1,048
8,915
Stocks, cold storage (frozen) , end of period, total
307
390
307
mil. lb_.
417
539
Turkeys
do
192
284
317
436
192
Price, in Georgia producing area, live broilers
$ per lb._
.140
.135
.130
.131
.120
T
Revised.
i Annual total reflects revisions not distributed to th e months receipts d atafor!9 68repres &nt
receipts at 28 public markets.
7
.4
.4
' 624
'447
4i
3<
.140
.135
.140
.125
.120
.115
.125
.130
.120
.120
2 Be ginning Jran. 1969 quotati ans are on carlot i-ather th an l.c.l. t>asis as p reviously
*Ne w series. Monthly data for earlier y ears will be show n later.
.1!
SURVEY OF CURRENT BUSINESS
scember 1970
ess otherwise stated in footnotes below, data
trough 1968 and descriptive notes are as shown
i the 1969 edition of BUSINESS STATISTICS
1968
1969
| 1969
Annual
S-29
Oct.
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS— Continued
js:
reduction on farms. __
mil. casesO._
locks , cold storage, end of period:
Shell
thous. casesO..
Frozen
__ _ _
mil. lb._
rice, wholesale, large (delivered; Chicago)
$ per doz__
192.5
191.5
15.9
15.6
16.3
16.3
14.8
. 16.8
16.4
16.8
15.9
16.2
16.1
15.6
16.2
15.9
59
72
51
43
45
55
64
50
51
43
46
41
79
40
83
41
61
43
111
48
157
56
147
60
98
63
178
60
136
58
99
54
.372
.460
.471
.595
.627
.610
.515
.480
.374
.330
.359
.415
.400
.455
.415
.448
:oa (cacao) beans:
nports (incl shells)
thous. Ig. tons
rice, wholesale, Accra (New York) — $ per lb._
228.2
.344
218.4
.458
12.5
.461
18.8
.500
30.7
.458
36.8
.395
23.9
.340
22.6
.336
24.0
.326
21.9
.286
15.8
.293
24.1
.310
21.3
.388
23.3
.378
26.6
.354
.331
Tee (green) :
iventories (roasters', importers', dealers'), end
of period
thous bagscf
castings (green weight)
do
5,076
21, 165
3,811
20,851
nports, total
__do __From Brazil
do ..
rice, wholesale, Santos, No. 4 (N.Y.)._$ per lb-_
ifectionery, manufacturers' sales
mil. $..
25, 377
8,318
.376
1,756
20, 232
5,780
.408
1,848
2,327
539
.478
197
2,167
706
.490
183
1,675
400
.485
156
1,783
482
.548
159
1,841
562
.548
177
1,716
323
.543
165
1,639
333
.538
129
1,644
323
.538
124
1,891
595
.538
130
1,550
357
.568
114
1,616
468
.570
138
1,355
224
1.355
367
'214
195
mil. lb_.
285
275
263
269
275
256
221
196
192
201
229
263
298
310
'313
ar (United States):
'eliveries and supply (raw basis) :§
Production and receipts:
Production
thous sh tons
Entries from off-shore, total?
do
Hawaii and Puerto Rico
do —
4,395
6,680
1,707
4,298
6,350
1,501
653
538
144
1,036
404
141
795
436
43
647
935
41
419
158
99
169
399
95
150
645
155
128
530
148
74
103
155
111
1,113
64
118
693
144
139
515
138
708
226
do
do
do
11, 089
10, 927
2,961
10,804
10, 655
2,796
928
914
1,625
806
798
2,307
929
919
2,796
826
815
2,858
795
783
2,827
944
938
2,671
880
868
2,636
948
937
2,424
1,049
1,037
2,103
1,023
1,012
1,726
sh. tons -
1,320
968
120
50
68
133
2,728
4,045
217
136
44
37
58
26
194
4,879
1,075
117
4,776
1,024
124
423
42
0)
385
23
2
506
130
67
289
165
263
4
2
396
111
2
600
135
9
358
95
1
515
120
1
454
137
2
534
196
2
565
205
10
368
80
4
MISCELLANEOUS FOOD PRODUCTS
i:
Locks, cold storage, end of period
Deliveries total 9
For domestic consumption
Stocks, raw and ref., end of period
xports* raw and refined
nports:
Raw sugar, total?
From the Philippines
Refined sugar, total
thous. sh. tons
do
do
3,334
5,390
3,811
5,621
0)
3,487
5 143
3,461
4 308
1,089
1,093
1,078
1,079
1,384 ' 1, 046 * 1, 398
rices (New York):
Raw wholesale
Refined4.
Retail (incl. N.E. New Jersey)
$ per Ib
.075
.078
.079
.078
.076
.081
.080
.079
.079
.082
.082
.082
.082
.081
.082
$ per 5 lb_.
.624
.101
.638
.107
.643
.109
.645
.109
.646
.109
.652
.111
.662
.109
.671
.109
.669
.109
.671
.109
.677
.113
.680
.113
.682
.113
.683
.678
k imports
thous. lb_. 155, 335
139, 962
11, 141
13, 593
11, 773
10, 826
10,264
15,285
12, 767
11,503
10,972
8,940
8,778
10,805
11,971
3,311.9
142.7
3,480.5
138.7
341.9
113.1
321.6
116.0
309.0
138.7
295.0
120.0
302.2
114.0
314.5
114.7
303.1
140.8
294.6
134.2
293.8
155.4
256.9
150.1
308.2 ' 298. 2 316.5
140.0 ' 127. 0 120.5
2, 995. 9
79.4
3, 143. 7
70.5
268.4
53.0
274.9
63.3
279.4
70.5
263.7
76.4
263.6
77.3
293.9
68.8
285.4
83.6
276.1
93.4
314.5
87.5
279.2
99.7
268.3
87.3
2, 140. 9
49.1
2, 181. 9
52.1
209.8
54.4
179.2
53.8
207.0
52.1
202.5
48.5
198.4
60.6
190.3
57.7
169.4
59.4
157.9
52.5
181.1
65.4
169.7
59.4
166.8 ' 189. 6
50.3
55.9
.256
.260
.265
.272
.272
.272
.272
.282
.290
.290
.290
.290
.290
539.1
517.3
49.6
534.6
510.9
45.9
49.5
48.0
26.0
48.7
41.3
34.5
49.3
35.2
45.9
49.9
40.9
46.0
47.7
50.6
49.0
46.7
51.7
43.8
48.0
48.4
40.0
46.7
51.8
37.3
46.0
49.6
36.2
41.8
43.3
35.2
43.6
48.0
29.3
4, 745. 2 4,655. 0
2, 478. 0 2, 595. 3
348.0
358.5
432.9
238.1
330.8
393.8
211.0
353.7
398.3
208.2
348.0
420.4
209.4
416.8
378.4
202.6
429.9
392.0
208.2
370.0
407.1
220.5
365.8
392.1
215.6
338.7
395.8
226.5
319.8
410.6
213.0
333.7
389.6 419.5 424.9
200.9 ' 216. 3 212.0
325.0 ' 369. 5 348.6
170.8
69.9
155.8
171.6
75.6
84.0
14.0
6.6
148.2
8.2
6.8
104.6
4.7
6.9
84.0
.7
7.1
90.8
.5
6.0
79.7
.7
5.3
66.1
3.1
5.9
74.0
22.3
6.1
74.1
38.2
6.6
114.9
40.0
5.8
127.8
39.0 '27.4
'6.0
5.0
147.9 ' 110. 2
392.1
548.7
730.7
197.1
442.8
386.3
547.5
732.6
205.9
424.6
38.2
46.2
67.7
152.2
28.7
35.3
42.7
58.3
172.7
21.2
38.0
44.3
61.2
205.9
7.2
25.6
44.3
55.1
200.4
146.5
26.2
42.8
64.7
139.5
49.4
14.2
44.4
63.4
138.3
30.3
19.1
48.5
71.1
122.1
18.4
(<0
41.1
63.1
122.9
51.7
(")
51.7
66.7
134.0
76.1
(«0
43.0
55.6
114.0
47.6
• (')
(<0
(<0
47.6
51.0
44.1
62.0
61.3 '62.5
123.8 ' 145. 6 163.0
63.9
27.0
46.9
452.8
429.6
439.6
A.n *
465.5
438.1
442.2
41.2
36.2
42.0
37.9
44.2
41.1
38.0
39.0
39.7
*A i
36.9
34.6
37.3
*n a
38.6
34.9
36.0
43.9
41.5
39.9
*a a
42.1
32.6
31.4
44.5
35.9
34.2
41.3
38.9
39.9
38.5
34.3
37.5
fig 1
,
309
.080
ATS, OILS, AND RELATED PRODUCTS
ring or frying fats (incl. shortening) :
reduction
mil. Ib
tocks end of period©
do
id or cooking oils:
reduction
do
tocks end of period©
do
rgarine:
reduction
do
tocks end of period©
do
rice, wholesale (colored; mfr. to wholesaler or
large retailer; delivered).
$ per lb._
mal and fish fats:A
allo w, edible :
reduction (quantities rendered)
mil. lb_.
onsumption in end products
do
tocks end of period 5
do
low and grease (except wool), inedible:
reduction (quantities rendered)
do
onsumption in end products
do
tocks end of period ^
do
3 and marine mammal oils:
reduction
do
onsumption in end products
do
tocks, end of period 1
do
;etable oils and related products:
oconut oil:
Production: Crude..
mil. lb_.
Refined
..do
Consumption in end products
do
Stocks, crude and ref., end of period U
do
Imports
do
era oil:
Production: Crude
_
do
Refined
do
Consumption in end products
do
.QfTk/>lre
nmrla on/1 raf
An/1 nt r\af i/-»H <T
An
KA 1
(U 0
HO 7
d
Revised.
v Preliminary.
Data withheld to avoid disclosure of operations of inidual firms. t Less than 500 short tons.
) Cases of 30 dozen.
cfBags of 132.276 Ib.
§ Monthly data reflect cumulative revisions
*7 3
R8 7
71 9
K7 Q
37.4
35.3
35.3
fi3. .1
268.6
68.5
'48.3
40.9
'36.9
34.0
34.6
'38.0
rfiO. 1
289.4
80.0
200.4
52.3
46.1
44.9
37.2
17.5
5.7
128.8
42.0
42.3
43.3
53.0
for prior periods.
9 Includes data not shown separately: see also note "5".
AFor data
on lard, see p. S-28.
©Producers' and warehouse stocks.
^Factory and warehouse
stocks.
SUEVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1968
1969
1969
Oct.
Annual
December
Nov.
1970
Dec
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
FOOD AND KINDRED PRODUCTS; TORACCO—Continued
FATS, OILS, AND RELATED
PRODUCTS— Continued
Vegetable oils and related products— Continued
Cottonseed cake and meal:
Production
thous. sh. tons - 1, 574. 9 2, 001. 9
135.1
74.9
Stocks (at oil mills) , end of period
do
Cottonseed oil:
1,
115.
1 1, 425. 8
Production: Crude
mil. lb._
1, 001. 5 1, 252. 1
Refined
do
909.6
889.7
Consumption in end products
do
Stocks, crude and refined (factory and ware272.7
398.7
house), end of period ___mil. lb-_
61.7
246.5
Exports (crude and refined)
do _ _
.163
.142
Price, wholesale (drums; N.Y.)
$ per lb._
Linseed oil:
Production crude (raw)
mil Ib
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of period
mil Ib
Price wholesale (Minneapolis)
$ per Ib
Soybean cake and meal:
Production .
thous. sh. tons..
Stocks fat oil mills), end of period... _. -do _ _ .
Soybean oil:
Production* Crude
mil. Ib .
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) , end of period
mil. Ib _
Exports (crude and refined)
do
Price, wholesale (refined; N.Y.)
$ per lb-_
221.5
61.4
229.9
79.0
240.0
74.9
232.0
83.6
213.4
108.6
197.7
146.0
144.2
148.4
103.1
161.0
74.1
140.7
46.6
98.0
38.0
65.1
'45.2
'39.3
194.1
54.2
156.3
106.2
82.9
161.4
110.9
83.5
161.9
129.0
95.7
160.3
120.9
81.4
151.3
125.1
84.5
140.2
129.9
90.9
102.8
96.6
90.8
73.2
77.7
78.2
53.1
67.6
80.6
33.1
42.5
63.0
26.6
27.1
63.0
'30.5
27.6
65.8
134.3
70 8
77.4
372.8
43.4
.140
383.9
56. 1
.140
398.7
42.6
.163
371.7
53.0
.163
394.0
52.2
.163
351.3
56.2
.175
325.1
24.0
.180
297.7
61.0
.184
252.2
12.2
.180
213.9
17.5
.180
158.1 ' 121. 4
17.8
8 8
.178
139.2
12.0
36.2
'16.8
30 7
14.8
129 9
135 2
1,429.4 '1.238.4
170.8 ' 106.8
1,530.2
139.8
729 8
534 5
547.9
565.9
103 9
306.6
193.6
291 8
193.9
31.2
17.1
26.7
13.8
19. 5
13.9
23.0
13.7
24.2
16.7
21.4
14.6
27.1
16.7
26 8
17.1
24 2
18.6
17 5
18.6
29 1
18.4
157.2
.127
128 8
120
130.7
.119
132.0
.125
128.8
.125
129.0
.125
132.6
.110
130.4
.110
133.9
.110
130 4
.122
128 7
.122
112 8
.110
117 1
.110
13,462.7 14,717.2
149.2
103.2
1,416.2
120.2
1,346.2 1,445.4 1, 437. 2
128.3
125.4
130.9
1,549.2
202.0
1,418.6 1,453.6 1,432.4
139.4
103.2
108.5
1,461.6 1,441.3
130.2
179.3
r
6, 149. 6
5, 227. 9
5,401.6
6, 804. 7
5 860 0
5, 926. 9
660.3
513.0
531.2
657.6
526.2
527.7
663.7
560 8
551.9
664.2
533 0
531.0
626.5
509 2
523.3
671.3
566 4
554.7
672.3
545.9
526.1
724.1
505 6
491.0
680.3
531 9
549.5
664.7
488 1
488.3
655.6
516 5
513.7
' 563. 8
491 9
' 524. 3
588.6
823.4
.103
517.2
761.1
.110
470.7
45.3
.124
492.1
100.8
.126
517.2
97.2
.118
552.0
62.7
.118
558.6
46.2
.115
560.7
151 7
.155
632.3
73.8
.146
715.8
81.1
.133
651.3
197.8
.128
638.3
136.0
.130
670.6
126 7
543.4
165.2
62,293
19, 992
74, 688
20, 902
4,959
77, 312
14, 416
20, 483
16, 738
28, 225
17,413
4,838
41, 111
18, 303
38, 280
19, 109
39 927
16, 474
4 435
42, 307
17, 776
34 699
20, 388
29 555
23 556
4 666
46 766
15, 364
53, 650
21, 982
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
53, 845 ' 47, 264 ' 4, 292
Tax-exempt
millions
Taxable
_
--._do_. . 523, 007 510, 532 45, 768
'719
6,759 ' 6,744
Cigars (large) taxable
do
24, 970
2,089
26, 461
Exports cigarettes
_ . _ __do
3,702
38, 875
3,654
38, 036
3,874
42, 627
3,538
40, 900
4,843
40, 588
4,619
45, 038
4,053
42, 549
5 744
46,646
5,031
44, 165
3 685
47 119
4 292
47, 245
3,926
50, 665
TOBACCO
Leaf:
Production (crop estimate)
mil Ib
Stocks, dealers' and manufacturers' end of period
mil Ib
Exports, incl scrap and stems
thous. Ib
Imports incl scrap and stems _
do
1
1,710
5,179
598, 916
217, 708
1,501
15<
143
2 1 8'
1 1, 807
4,959
579,106
213, 402
22]
K
599
2,027
412
2,329
502
1,935
491
1,967
527
2,608
544
631
557
540
588
593
653
2,374
2 838
3 120
2 766
2 309
2 188
2,656
11, 205
131
1 196
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9
thous. $._ 128, 679
2,212
Calf and kip skins
thous. skms._
12, 636
Cattle hides
thous hides
152, 446
1,652
14 778
14,606
131
1,405
14, 103
108
1,376
11, 747
76
1,196
11, 321
76
1,154
13, 751
92
1,440
15, 280
115
1 586
11,967
134
1 179
12, 794
105
1 250
13, 799
96
1 395
10, 836
85
1 159
10, 151
64
1 123
10, 952
124
1 235
Imports:
Value, total 9
Sheep and lamb skins
Goat and kid skins
_ .
78, 400
30, 912
5,203
62 400
3 20, 716
3
5 068
3,100
548
320
2,700
349
508
3,900
621
253
4,400
655
800
4,000
1,971
426
6 600
2,993
701
5 700
1,847
192
5 400
2,450
316
4 000
1,438
153
4 500
1,294
174
4 500
2,172
102
2 800
849
36
$ per lb_.
do
.555
.112
.561
.146
.450
.138
.450
.136
.430
.139
.403
.123
.300
.128
.300
.128
.375
.141
375
275
.134
.134
320
123
.350
.135
.135
LEATHER
Production:
Calf and whole kip
thous. skins
Cattle hide and side kip
thous. hides andkips..
Goat and kid
thous skins
Sheep and lamb
do
4,247
24, 033
6 764
31, 413
3,381
22, 030
5 856
25 242
1,925
1,925
2,030
1,840
1 835
1 775
1 866
thous. sq. ft.. 77,266
365,802
4,561
5,299
5,657
6,063
6,824
95.1
107.0
111.5
112.3
112.3
112.3
91.7
92.1
81.2
81.2
85.6
85.6
LEATHER MANUFACTURES
Shoes and slippers:
Production, total \
thous. pairs _. 642,427
Shoes, sandals, and play shoes, except athletic %
thous. pairs.. 526, 580
105, 437
Slipperst
do
8,331
Athletic tdo
2,079
Other footwear I
. do
576, 961
52, 496
42, 841
44, 762
47, 697
463, 388
100, 943
8,993
3,637
40, 263
11,016
33, 072
8,721
37, 341
6,298
39, 553
7 299
2,324
172
189
221
154
189
195
129.7
133.8
137.1
137.1
137.1
137.1
138.1
118.7
134.4
126.6
139.8
128.7
142.3
128.7
142.0
128.7
139.7
128 7
142.8
131 6
146.1
thous $
thous. pieces. _
_ _ . do
Prices, wholesale, f.o.b. shipping point:
Calfskins, packer, heavy, 9H/15 Ib
Hides, steer, heavy, native, over 53 Jb
Exports:
Upper and lining leather
Prices, wholesale, f.o.b. tannery:
Sole, bends, light
index, 1957-59 = 100..
Upper, chrome calf, B and C grades
index, 1957-59= 100. .
Exports
_
do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt ...index, 1957-59=100-.
Women's oxfords, elk side upper, Goodyear
welt
index, 1957-59=100
Women's pumps, low-medium quality_-_do
r
3
2,884
271
539
853
364
l
2
Revised.
Crop estimate for the year.
Dec. 1 estimate of 1970 crop.
Annual total reflects revisions not distributed to the monthly data.
265
1,692
543
743
305
261
1,632
431
814
309
292
1,665
531
700
145
271
268
1,699
1,814
240
258
267
186
184
1,623
1 682
2 038
1 747
2 163
1 989
8,316
6,742
6,306
6,165
5,870
6,300
112.3
112 3
110 8
110 8
110 8
83 3
79.9
76.4
76 4
76.4
50, 369
49, 049
46, 687
48, 568
43, 365 '47,340
47, 722
48, 746
40, 489
8 866
38, 716
9 312
35, 957
9 742
37, 031
10 534
34, 360 '36,870 36, 188
8 316 T 9 345 10 209
r 832
534
838
155
' 293
452
36, 493
10 859
1 791
2 070
2 054
6,312
6,396
112.3
112.3
77.4
82.2
47, 580
39, 228
7 487
696
169
135
350
1 322
1,874
1 815
393
2 800
863 - - - - 20
445
848
166
418
811
210
404
413
240
260
791
197
807
196
166
161
172
139
156
138.1
138.8
138 8
138.8
138.8
138.8
131 6
146.1
131 6
150.3
131 6
147 8
131 6
147 8
131 6
147.9
131 6
147.9
9 Includes data for items not shown se parately.
I Revisions for Jan. 1968-Aug. 1969 will be shown later.
244
r 219
942
452
213
SURVEY OF CURRENT BUSINESS
December 1970
1968
nless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1969
S-31
1969
Annual
Oct.
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
LUMBER AND PRODUCTS
LUMBER— ALL TYPES 9 t
ational Forest Products Association:
Production total
mil bd ft
Hardwoods
do
Softwoods
_
do
37, 450
7,227
30, 223
37, 943
8,462
29, 481
3,459
799
2,660
2,926
753
2,173
2,820
638
2,182
2,902
057
2,245
2,859
673
2,186
3,164
709
2,455
3,203
695
2,508
3,080
647
2,433
2,967
622
2,345
3,004
648
2,356
3,045
626
2,419
3,104
641
2,463
3,201
681
2,520
Shipments total
Hardwoods .
Softwoods
- - --do. ..
do
do
38, 197
7,789
30, 408
37, 615
8,672
28, 943
3,414
766
2,648
2,912
722
2,190
2,757
597
2,160
2,651
656
1,995
2,670
587
2,083
3,015
587
2,428
3,128
559
2,569
2,942
558
2,384
3,042
524
2,518
2,930
497
2,433
3,044
572
2,472
3,059
587
2,472
3,140
657
2,483
Stocks (gross) mill end of period, total
do
Hardwoods
do
Softwoods
- - do _.
4,988
838
4,150
5,332
628
4,704
5,255
556
4,699
5,269
587
4,682
5,332
628
4,704
5,583
629
4,954
5,772
715
5,057
5,921
837
5,024
5,996
973
5, 023
6,137
1,065
5,072
6,061
1,165
4,896
6,141
1,322
4,819
6,713
1,389
4,784
6,235
1,460
4,775
6,288
1,476
4,812
xports total sawmill products
iports' total sawmill products _ . _
1,143
6,087
1 1, 158
6, 263
103
525
85
443
116
435
515
92
423
104
488
147
535
91
572
130
562
93
478
119
540
139
553
97
533
_ _ _ _ _
-
. do
do
1
SOFTWOODS^
ouglas fir:
Orders new
Orders unfilled, end of period .«
mil. bd. ft .
__do_ _.
9,009
821
7,844
486
776
495
556
433
685
486
591
468
628
474
732
462
811
562
542
453
715
406
697
466
676
435
633
395
741
445
Production
Shipments
Stocks (gross), mill, end of period
- do _ _
do__ _
do
8,781
8,767
971
8,218
8,179
1,010
743
757
1,013
619
618
1,014
628
632
1,010
687
609
1,088
628
622
1,094
749
744
1,099
684
711
1,072
693
651
1,114
694
762
1,046
627
637
1,036
690
707
1,037
••693
673
1,057
692
691
1,058
403
102
301
359
88
271
37
9
28
19
4
15
37
8
29
34
7
27
37
11
27
31
5
26
23
6
17
53
13
40
21
5
16
32
7
25
21
5
16
31
9
22
90.66
92.06
92.68
90.80
90.33
93.00
225. 69
227. 32
Exports, total sawmill products
Sawed timber
Boards, planks, scantlings, etc .
_do
do
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$ p e r M bd. ft_.
Flooring, C and better, F. G., 1" x 4", R. L.
$ p e r M bd. ft..
uthern pine:
Orders new
Orders unfilled end of period
mil. bd. ft_
do
Production
- do _
Shipments
do_ __
Stocks (gross), mill and concentration yards, end
of period
mil. bd. ftExports total sawmill products
mil. bd. ft
do
do
do
_ - _
94.28
96.15
95.37
92.86
91.43
212. 59
222. 46
225. 60
227. 24
227. 24
225. 69
225. 69
225. 69
225. 69
225. 69
7,329
422
7,336
324
671
331
585
339
505
324
502
322
512
329
609
366
681
402
586
369
614
361
663
364
633
374
632 383
637
351
7,054
7,214
7,645
7,434
671
674
576
577
552
520
574
504
552
505
588
572
626
645
622
619
585
622
608
660
590
623
611
623
677
669
1,348
1,317
1,316
1,348
1,418
1,465
1,481
1,462
1,465
1,428
1,376
1,343
1,331
1,339
75,687
6,718
5,821
8,597
7,359
5,976
5,977
9,561
8,096
8,169
6,481
5,099
5,557
5,100
119.0
132.0
115.4
113.6
112.5
114.4
110.0
108.4
109.9
110.5
109.1
109.1
109.8
113.0
127.0
126.8
128.3
129.2
129.2
129.2
129.2
129.2
130.7
130.7
130.7
130.7
10, 857
539
9,593
364
884
430
674
385
723
364
637
399
680
407
778
391
867
402
759
349
833
356
947
445
807
410
887
379
812
354
10, 826
10, 875
9,999
9,768
900
892
702
719
744
744
668
602
704
672
796
794
850
856
802
812
768
826
850
858
850
842
900
918
860
837
1,635
1,658
1,137
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1957-59= 100. _
Flooring, B and better, F. G., 1" x 4", S. L.
1957-59= 100. _
production
shipments
113. 52
166. 36
90,477
M bd. ft
estern pine:
Orders new
Drders unfilled end of period
107. 85
_
Hocks
(gross) mill end of period
do
3
rice, wholesale, Ponderosa, board's, No. 3, 1" x
12" R L (6' and over)
$ per M bd ft
1
1,396
1,627
1,644
1,627
1,627
1,693
1,725
1,727
1,721
1,711
1,653
1,645
1,653
87.72
107. 18
76.02
77.83
86.00
90." 55
84.43
82.45
82.95
90.14
94.14
88.00
82.39
496.5
23.9
380.6
12.0
36.7
16.6
24.2
13.2
24.1
12.0
21.6
10.5
21.2
9.8
28.3
10.8
31.2
13.2
22.3
9.4
25.3
8.7
31.1
10.3
27.9
10.7
25.6
9.3
23.6
7.8
459.3
485.1
23.5
393.1
387.8
29.6
36.8
34.8
21.9
28.2
26.9
23.2
29.8
23.9
29.6
29.3
23.0
35.2
24.8
20.5
38.5
24.6
26.6
35.2
27.1
29.0
32.9
25.3
26.2
32.1
26.2
26.1
34.1
26.9
30.0
29.4
27.8
27.5
29.6
29.0
27.4
31.2
28.3
25.2
33.6
HARDWOOD FLOORING
k:
)rders new
)rders unfilled end of period
mil. bd. ft
do
'reduction
___
5hipments
stocks (gross) mill, end of period
do_ _
do
do
METALS AND MANUFACTURES
IRON AND STEEL
ports:
Iteel mill products
thous sh tons
icrap
do
>ig iron
do
ports:
iteel mill products
icrap
>ig iron
1
5, 229
9,176
44
639
1,025
1
636
842
7
693
736
27
654
792
27
690
539
31
698
781
2
809
935
6
916
1,269
45
651
989
54
635
1,045
2
566
918
43
398
832
20
379
722
18
17, 960
327
799
14, 034
412
417
1,297
26
39
1,008
41
40
1,139
29
46
781
20
4
697
29
6
859
32
3
962
23
26
1,066
30
30
1,082
33
22
1,134
33
33
1,111
27
20
1,277
23
33
1,334
31
26
53, 545
133,587
1
87, 060
7,882
56, 049
36, 708
94, 369
6,448
5,035
3,366
8,464
6,876
4,625
2,928
7,943
6,532
4,662
2,980
7,742
6,448
4,521
2,778
7,529
6,247
4,262
2,915
7,071
6,333
4,719
3,255
7,888
6,427
4,636
3,092
7,705
6,448
4,463
2,863
7,519
6,268
4,522
2,987
7,430
6,360
4,363
3,982
6,808
6,657
4,377
2,608
6,841
6,828
2,170
6,572
11
do
do
do
Iron and Steel Scrap
>duction
3eipts, net t
nsumption
cks, end of period
thous sh tons
do
do
do
1
ces, steel scrap, No. 1 heavy melting:
33.12
Composite (5 markets)
$perlg. ton..
29.76
32.13 34.30
25.06
32.00 34.00 34.00 35.00
Pittsburgh district
do.___
27.00
Revised.
* Preliminary.
1 Annual total reflects revisions not distributed to the
ithly
data.
1
Totals include data for types of lumber not shown separately.
Data for orders, production, shipments, and stocks have been revised back to 1962;
responding monthly revisions are available for 1968 and 1969 only.
44.94
40.52 42.21 43.17 40.17
39.18
39.29
44.57
40.00
46.50
40.50
39.00
45.00
42.00
44.50 44.00
^Receipts previously shown for the period Apr. 1967-Sept. 1969 have been corrected to
represent net receipts (i.e., less scrap shipped, transferred, or otherwise disposed of during the
period); data comparable with the net receipts shown through Mar. 1967 appear in the Feb.
1970 SURVEY, p. S-31.
SURVEY OF CUERENT BUSINESS
S-32
1968
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1969
| 1969
Annual
December 197<
Oct.
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Ore
Iron ore (operations in all U.S. districts):
Mine production
thous. Ig. tons
Shipments from mines
- do-._
Imports
do
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
do
Consumption at iron and steel plants .do- _
Exports
do
85, 865 » 88, 260
182,531 i 90, 570
43, 941 40, 758
8,596
10,221
6,002
5,712
7,490
3,997
5,327
4,824
4,072
5,353
2,658
2 189
5,089
2,583
2,307
5 788
2,318
1 936
6,633
5,348
2 944
9,264
10, 299
3 806
9 520
10, 763
5 487
9 651
11 698
5 193
9,382
12, 003
5 368
8 899
10 952
5 222
12 593
10 200
3 818
120, 449
5,937
118, 581
126, 165
128, 550
5,430
15, 001
11, 244
335
11, 928
10, 762
341
9 832
11, 083
417
4 012
10, 482
334
3 880
9,562
315
4 561
10, 788
197
7 542
10 378
339
14 483
10 934
433
15 033
10 497
627
15 533
10 327
700
15, 407
10, 279
599
14 483
10 056
667
12 593
10 200
' 561
do
-do
- do
- do
72,019
15, 990
53, 232
2, 797
67, 303
13,652
51,003
2,648
68, 512
14, 918
51,088
2,506
68, 047
13, 141
52, 254
2,652
67, 303
13, 652
51, 003
9
648
63, 147
16 170
44, 488
2 489
59, 832
18 795
38, 814
2 223
56, 656
22 265
32, 587
1 804
54, 945
23 576
29 750
1 619
57,616
22 538
33 308
1 770
61,143
21 297
37, 844
2 002
64, 578
19 251
43 050
2 277
67, 506
16 6?9
48 178
2 699
70, 325
14 615
52 604
3 106
54 997
3 537
Manganese (inn. content), general imports — do
953
1,124
94
117
123
106
45
41
56
34
47
102
149
81
117
88, 780
89,953
2,342
95, 017
94, 486
1,715
8,292
8,253
1,760
7,955
7,923
1,720
8,132
7 965
1,715
7,668
7 559
1 752
7,062
7 036
1 671
8,059
7 947
1 685
7,790
7 652
1 712
8,122
7 897
1 787
7,874
7 735
1 804
7,618
7 417
1 924
7,578
7 415
1 929
7,414
7,527
63.78
64.00
64.33
65.20
65. 50
66.00
65.20
65.50
66.00
65.20
65 50
66.00
65.20
65.50
66.00
65.20
65.50
66.00
66.78
65.50
69.00
68.20
68 50
69 00
68.20
68.50
69.00
68.20
68.50
69.00
68.20
67 92
69.00
68.20
67 92
69 00
72.65
73.70
1,091
15, 935
9,187
1,150
1,498
886
1,096
1,260
735
1,091
1,273
716
1,080
1,214
674
1,076
1 206
699
1,054
1 271
726
1,061
1,272
739
1,046
1 256
723
1,019
1 291
758
978
'969
1 084 r i 139
r
669
694
963
1 155
683
117
1,171
672
121
103
64
115
79
49
117
82
48
109
78
45
107
80
45
104
80
45
94
83
47
94
78
44
90
77
45
100
61
41
'94
'42
91
62
44
11,916
149.3
11,812
143.2
11, 243
136.3
10, 498
140.9
11, 886
144.1
11, 386
142.6
11,574
140.3
11,323
141.8
10, 781
130.7
10, 765
130.5
10, 727
134.4
430
151
128
446
152
125
435
147
120
443
149
122
433
160
131
433
158
126
421
154
124
411
158
128
381
129
108
'378
336
136
114
Stocks, total, end of period
At mines
At furnace yards
At U S docks
-
--
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys)
thous. sh. tons__
Consumption
- _
_do
Stocks, end of period
-do.- -
1
Prices:
62.70
Composite
$ perlg. ton._
63.00
Basic (furnace)-..
__. .
_do
Foundry, No. 2, Northern
_ __
do - .
63.50
Castings, gray iron:
Orders, unfilled, for sale, end of period
923
thous. sh. tons_15,130
Shipments, total
_ _
_do._
For sale
__ _ _
_
_ --do 8, 715
Castings, malleable iron:
Orders, unfilled, for sale, end of period
137
thous. sh. tons. .
Shipments, total _ . __
__ _
do _
1,007
For sale._ _
_ _ _ _ _ _ _ _ do
583
r 68
Steel, Raw and Semifinished
Steel (raw):
Production
thous. sh. tons__ 1131,462 1 141, 262 12,324
135. 0
Index
daily average 1957-59 = 100-_
1 145. 4
149.4
Steel castings:
Orders, unfilled, for sale, end of period
371
thous. sh. tons
446
420
Shipments, total _.
do
1,730
1,900
167
For sale, total
__ _ do. _.
1,435
1,583
138
r 123
' 101
10, 699 PlO,04
129.7 "125.
Steel Mill Products
Steel products, net shipments:
Total (all grades)
thous. sh. tons. _ i 91, 856
By product:
4,821
Semifinished products
_
__ do
Structural shapes (heavy), steel piling
do
6,149
Plates
do
8,401
1,462
Rails and accessories _ _
_ do
Bars and tool steel, total
do
Bars: Hot rolled (incl. light shapes)
do
Reinforcing. __
_ _ __do
Cold
finished
do
Pipe and tubing .
do
Wire and wire products
__ do
Tin mill products
do
Sheets and strip (incl. electrical), total... do
Sheets: Hot rolled
do
Cold rolled
do .
By market (quarterly shipments) :
Service centers and distributors
Construction, incl. maintenance
Contractors' products .
Automotive.-_
do
do
do
do
Rail transportation . .
do
Machinery, industrial equip., tools
do
Containers, packaging, ship, materials ..do
Other
do
Steel mill products, inventories, end of period:
Consumers' (manufacturers only) _ _ mil. sh. tons..
Receipts during period
do
Consumption during period
do
13, 660
8,497
3,241
1,815
10 078
3,393
7 267
36, 624
10 782
16, 336
i 93, 877
8,439
7,560
7,654
8,538
7,242
8,244
7,039
8,190
8,517
7,759
7,511
7,767
6 867
6,373
6,244
8,238
1,514
604
554
719
108
649
528
653
105
704
519
662
131
610
523
697
128
584
553
756
144
792
538
738
167
724
496
631
156
729
500
714
156
780
543
737
143
586
534
685
119
470
472
631
100
526
490
632
90
601
505
608
105
14, 354
8,659
3,659
1,923
9 232
3,256
6 555
38, 111
12, 471
16, 427
1 307
790
342
164
694
312
518
3,624
1,245
1,526
1 157
701
297
149
598
237
449
3,185
1 112
1,337
1 146
703
291
142
699
230
598
2,964
1 015
1 260
1 126
718
244
155
594
235
1 276
3,351
1 170
1,422
1 068
665
252
142
630
237
331
2,939
1 122
1*143
1 349
759
428
152
734
285
446
3,195
1 261
1 214
1,173
668
408
90
824
263
445
2,327
907
919
1,305
735
436
127
679
275
582
3,249
1,087
1,359
1 388
758
472
149
691
282
605
3,350
1 141
1*362
1,249
651
469
123
657
254
603
3,071
1 077
1,240
1 262
676
456
123
661
263
663
2 988
993
1 229
1 156
625
403
121
638
255
1 151
2 831
973
1 120
1 149
' 607
424
112
605
250
419
2 625
880
1 060
2 i 505
2 892
2 382
2 898
i 16, 099 1 17, 565
1 12, 195 * 11, 402
i 4, 922
i 4, 768
1 19, 269 1 18, 276
4 454
2 610
1 167
4 415
4 454
2,541
1 123
3 853
4 470 2 i 533 2 i 441 2 i 480
2
2 912
2 928
2 818
997
2 412
2 396
2 387
1 103
3 844 2 i 278 2 i 396 2 i 170
1
3, 048
i 5, 469
i 7, 902
i 22, 952
3, 344
i 5, 690
i 7, 145
i 25, 687
774
1 422
1,709
7,102
918
1 513
2,173
7,759
880
1 355
1 757
7 520
10.5
70.1
68.7
9.8
69.3
70.0
6.3
6.3
11.7
10.2
1
10.0
6.4
6.2
2
2
2
2
2
2 197
2 415
2 183
2 408
2 i 171
2 2 056 2
2
2
2
2
9.5
5.5
52
••9.7
'5.5
'53
v
230
400
652
207
2 2 027
9.2
5.6
53
2 7H
195
393
478
124
9.8
5.6
5.7
9.8
5.6
5.7
10.2
6.4
6.0
10.2
5.7
57
5.8
5.9
6.3
6.1
6.0
6.1
6.3
6.1
6.1
6.2
'6 6
p 6 5
11.0
9.6
11.3
9.9
11.7
10.2
11.7
9.2
11.5
9.3
11.5
9.4
11.7
10.3
12.1
10.1
12.1
9.7
11.7
9.5
11.9
9.5
11.9
9.2
v 12.1
p 9.7
Steel (carbon), finished, composite price. _ .$ per lb_.
.0873
.0933
.0917
.0933
'2 Revised.
* Preliminary.
iAnnual total; monthly revisions are not available.
For month shown.
.0933
.0952
.0960
.0968
.0974
.0974
.1056
.1056
.1056
.1056
.1062
Service centers (warehouses)
do
Producing mills:
In process (ingots, semifinished, etc.)
do
Finished (sheets, plates, bars, pipe, etc.) .do
9.9
9.0
9.9
5.8
6. 1
9.1
5.7
65
9.1
6.0
6 0
8.9
6.1
6 3
v 9.5
v 4.8
5o
SURVEY OF CURRENT BUSINESS
December 1970
1968
rnless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1969
1969
Annual
S-33
Oct.
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
July
June
Aug.
Sept.
Oct.
Nov.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PRODUCTS
Lluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons
Recovery from scrap (aluminum content) do
3, 255. 0
332.2
72.0
334.6
66.0
305.5
69.0
338.8
76.0
329.0
78.0
341.4
71.0
326.8
73.0
26.9
35.3
40.4
33.3
32.6
31.9
49.5
50.2
43.1
36.0
41.5
.2800
.2800
.2800
.2859
.2900
» 925. 0
3, 793. 1
958.0
326.9
83.0
685.2
61.8
180.3
468.6
57.2
344.4
32.9
28.6
3.9
4.5
43.9
31.6
41.1
.2557
.2718
.2765
.2800
.2800
Uuminum products:
Shipments:
Ingot and mill prod, (net ship.)!-- -- .mil. lb_- 9,864.8 10,721.5
7,170.0 7, 652. 8
Mill products, total §
do
3, 404. 6 3,711.9
Plate and sheet
do
1, 588. 2 1, 698. 1
CastingsA
- do
932.5
647.5
300.7
157.3
849.2
586.2
277.4
130.7
911.7
630.9
314.6
129.7
Imports (general):
Metal and alloys, crude.
_.
Plates sheets etc
Exports metal and alloys, crude _ -
do
do
- do
Price, primary ingot, 99.5% minimum.-. $ perlb..
4.4
318.7
79.0
7.1
r
836. 6
* 582. 7
272.2
137.1
9.1
8.9
6.6
7.0
339.3
71.0
330.9
323.0
30.4
31.8
21.7
20.0
41.1
35.2
14.1
26.9
23.7
5.2
26.9
.2900
.2900
.2900
.2900
.2900
884.1
661.6
338.9
135.9
758.7
592.5
296.7
114.4
' 786. 6
' 605. 9
'r 309. 8
118. 1
825.2
638.6
334.7
117.4
810.6
613.1
297 0
7.0
r
834. 1 ' 935. 4 ' 857. 2 ' 872. 3
' 597. 1 ' 684. 1 '632.6 ' 654. 0
348.9
286.7
318.2
327.2
146.5
130.7
134.6
136.7
5.3
6.2
5.6
Inventories, total (ingot, mill prod., and scrap)*
mil Ib
3,725
3,749
3,781
3,770
3,749
3 815
3 865
3,839
3 899
3 942
3,932
4 040
r
4, 101
4,102
4 158
Copper:
Production:
Mine recoverable copper
thous sh tons
Refinery primary
do
From domestic ores
do
From foreign ores
do
Secondary recovered as refined
do
1,204.6
1, 437. 4
1, 160. 9
276.5
400.9
1, 544. 6
1, 742. 8
1, 468. 9
273.9
465.6
135.4
157.1
127.5
29.5
44.9
134.2
145.6
123.9
21.7
41.0
138.6
159.0
140.4
18.6
41 4
139.9
148.6
131.4
17.2
37.5
131.8
140.1
120.9
19.3
37.7
144.3
157.5
136.8
20.6
47.2
141.7
151.4
128.1
23.2
45.0
152.1
148.2
128.2
20.0
43.1
148.5
140.9
117.6
23.3
41 5
137.0
148.3
130.4
18.0
41 1
»• 144. 6
138.7
119.3
19.4
34.6
143.8
130.5
114.2
16.3
35 9
143
149
127.
22
37
716.7
405.4
415.1
131.1
32.9
12.3
36.3
15.8
31 5
11.8
24.5
11.7
25.9
25.8
10.0
34.0
32 7
32,1
10.6
35 2
10.1
30.5
11.0
45 5
18.8
36.0
360.8
240.7
286.2
200.3
23.8
15.6
21.2
13.7
20.0
14.9
25.1
18.6
30.3
20.0
27.3
18.8
32.5
24.0
33.0
26.2
22.2
17.1
25.2
15 0
27.8
17.5
24.8
13.6
35.2
17.4
1, 876. 4
Consumption refined (by mills etc )
do
171.5
Stocks refined end of period
do
114.9
Fabricators'
do
Price, electrolytic (wirebars), dom., deliveredt
$ per lb_- 2.4225
2, 145. 0
170.3
124.4
194.7
150.2
95.1
181.1
162.9
106.7
180 5
170.3
124.4
170.1
175.1
123.1
186.6
176.4
118.2
200.8
179.3
111.9
185.9
177.1
118.9
188.5
183.8
118.6
180 8
175 6
121.9
.4793
.5248
.5252
.5289
.5625
4.565
4.565
4.598
4.602
4.602
Imports (general):
Refined unrefined scrap (copper cont ) do
Refined
- -- -- --do -._
Exports:
Refined and scrap
-do
Refined
do
3opper-base mill and foundry products, shipments
(quarterly total) :
Brass mill products
mil Ib
Copper wire mill products (copper cont ) do
Brass and bronze foundry products
do
1-ead:
Production:
Mine recoverable lead
thous sh tons
Recovered from scrap (lead cont.)
do
Imports (general) orn (lead cont.), metal
Consumption, total
do
do
Ig tons
do
do
_ do
do
do
Exports, incl. reexports (metal)
do
Stocks, pig (industrial), end of period. - do
Price, pig, Straits (N.Y.), prompt
__$perlb-_
Zlnc:
Mine prod., recoverable zinc
Imports (general):
Ores (zinc content) .
Metal (slab, blocks)
13.6
pl23 2 * 166.9 J> 177. 6 y 164. 4
*>230 3 p 225.8 J> 227. 0 p 248. 7
' 173. 4 '• 170.9 v 166. 3 * 168. 5
4.601
4.601
4.601
4.590
359. 2
i 550. 9
509.0
604.2
46.2
55.4
42.3
49.8
46.1
49.2
47.8
46.7
46.9
45.8
52.5
50.4
49 7
53 1
51 3
46 8
47 4
50 3
46 6
45 4
'48.0
48.4
48.6
48.2
424.6
1,328.8
389.6
1,389.4
37.5
131.9
28.2
112.5
28.5
117.7
28.2
116.1
36.2
109.0
32.6
118.7
26 7
115 9
36 7
115 9
23.8
114 0
30 1
99 9
25.4
108.8
31.4
111.8
35. 1
146.8
165.7
176.1
172.3
165.7
158.0
162,7
157.1
163 3
* 155 1
162 2
179.0
15.3
88.9
25.5
151.0
20.5
141.3
22.7
148.4
25.5
151.0
30.5
147.8
33.2
160.2
36 6
169.0
47 1
167 6
53 2
165 7
63 1
172 0
57.8
.1321
64.9
.1490
59.2
.1550
57.9
.1559
64.9
.1603
74.7
.1650
75.9
.1650
73.0
.1650
67 5
.1650
72 3
.1650
3 266
57, 358
22 ,495
i 2, 978
81,961
58,859
0
54,950
i 22, 775
i 3, 022
i 80, 790
i 57, 730
0
5,312
2,140
0
4,141
1,770
270
6,210
4,430
0
5,358
1,885
270
6,345
4,565
0
2,731
1,800
0
4 707
1 840
o
285
7,105
4,925
0
3,975
1,895
255
6,110
4,360
3 818
1*785
6 595
4 665
5,027
18, 557
1. 4811
3,217
13, 824
1. 6444
320
14,808
1. 7596
852
448
16,245
1. 6671
13,824
1. 8132
13, 655
1. 7917
1
do
do. _
1
1
731
708
609
209
853
143
255
5,605
3,825
808
285
6,760
4 680
13, 135
1. 7491
327
12,680
1.7712
637
200
230
1
146 9
r
152. 8
1
78 9
175 9
86.2
178.8
67 1
.1650
75 5
.1568
74.0
.1510
73.4
.1452
384
4 543
1 855
1 065
6 134
1 255
o
3 398
1 385
1,633
1,723
1,600
6 505
4 560
6 580
4 780
5 885
4 425
5,635
4,100
591
5,693
1 730
215
6,240
4 565
5 860
4 440
91
83
11, 705
1. 7474
1,233
12, 045
1.7365
250
225
225
11 765
1.8388
11 810
1.8054
92
12 865
1.7023
673
11 330
1.6477
81
r
151 7
87.1
174.8
330
r
102
10, 700
1. 7451
r
529.4
553.1
47 3
46 3
45.5
45.1
45.7
49 2
48 3
45 6
46 4
47 5
46 4
45 6
602.1
324.7
57.0
25.7
53.0
23.8
40.3
27.8
44.7
25.6
45.2
21.7
56 6
21.3
39 5
22 3
43 7
25 0
42 9
16 4
44 2
20 7
56 9
16.0
42 1
19.4
124 1 1i 126. 7
302. 1
270. 6
13.0
20.4
12 2
20 0
12.3
20.1
7.5
18.9
11 8
18 8
12 8
19 8
11 1
19 8
10 3
18 6
9 0
19 4
8 2
18 4
11 5
18.0
10 7
18 2
87.4
76 9
5.2
6.1
94 6
(3)
80 7
53
99 4
77 0
6 8
99 1
70 7
61
102 2
71 7
53
90 9
(3)
85 4
69
100 0
65 3
97.4
100 4
68 8
7 0
100 5
117 2
81 5
.1533
112 8
79 1
.1500
94 7
87 9
.1550
109 3
85 4
.1550
1
122 2
79 8
.1550
o
131 7
75 9
.1550
(3)
134 9
77 3
.1550
(3)
132 0
83 4
.1550
4.561
551
551
166
703
599
214
546.4
305.5
Slab zinc:
Production (primary smelter), from domestic
85.0
and foreign ores
thous sh tons i 1,020.9 1, 045. 4
88.0
86.6
65.7
Secondary (redistilled) production
do
i 79.9
6.2
5.5
6.5
Consumption, fabricators'
do
122 0
103 0
*1 333 7 1, 368. 3
97 3
(3)
.4
.1
9.3
Exports
do
33 0
Stocks, end of period:
63.1
i 67 7
Producers' at smelter (AZI)O
do
48 6
61 4
78 3
Consumers'
do
102.4
i 100 5
99 1
93.5
94 5
Price, Prime Western (East St. Louis). $ per lb. . .1350
.1550
.1460
.1550
.1550
r
l
Revised.
* Preliminary.3
Annual; monthly4 revisions are not available.
2
Average for Apr.-Dec.
Less than 50 tons.
Beginning Feb. 1970, the new METALS
WEEK price (based on mine production rates and known selling prices of U.S. producers
mly) is not comparable with prices for earlier months.
§For revised 1968 monthly data, see Feb. 1970 SURVEY, p. S-32.
ARevised data (1966-68) are in the Apr. 1970 SURVEY,
*New series. Source, U.S. Dept.
9.8
3,111
2,524
thous. sh tons
Consumption (recoverable zinc content) :
Ores
do
Scrap, all types
do
6.8
8
3
3
0
3
2,757
2 213
791
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content) ABMS
thous sh tons
Refiners' (primary), refined and antimonial
(lead content)
thous sh tons
1
Consumers' (lead content) c?
do
Scrap (lead-base, purchased); all smelters
(gross weight)
thous sh tons
Price, common grade (N.Y.)
$perlb_-
Tin:
Imports (for consumption) :
Ore (tin content)
Bars, pigs, etc
_ Recoverv from scrap, total (tin cont.)
As metal..
_ _ __
Consumption, total
Primary
6.8
.2900
6.6
(3)
(3)
125 7
84 8
.1550
r
(3)
.1450
.1450
487
3,114
1. 7225
31.5
32.1
(3)
113 6
.1500
.1500
of Commerce; monthly data back to Jan. 1967 are available.
JPrices shown are averages of delivered prices; average differential between the delivered
and the refinery price is 0.400 cents per Ib. through 1969 and 0.500 cents thereafter.
cf Consumers' and secondary smelters' lead stocks in refinery shapes and in copper-base
scrap.
©Producers' stocks elsewhere, end of Nov. 1970, 25,000 tons.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1968
1969
1969
Annual
December 197
Oct.
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct. Nov,
METALS AND MANUFACTURES— Continued
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and con vectors, shipments:
19.8
Cast-iron
mil. sq. ft. radiation .
'79.2
N on ferrous
do
Oil burners:
Shipments
thous - i 532. 6
U5.8
Stocks end of period
do
Ranges, gas, domestic cooking (incl. free-standing,
set-in, high-oven ranges, and built-in oven
broilers) , shipments
thous - 2, 268. 2
206.1
Top burner sections (4-burnerequiv.), ship do._ .
5.3
78.5
.6
9.0
.4
5.9
.3
5.1
.3
5.0
.5
5.1
.4
4.6
.2
4.5
.2
4.1
665.3
73.6
19.7
52.9
18.2
57.0
48.4
47.5
44.1
34.8
36.6
2,471.1
198.7
237.9
17.7
201.8
14.8
199.6
16.2
167.5
13.0
178.2
13.7
208.3
15.7
187.9
12.6
1,446.8
1,001.3
1,361.6
967.0
189.4
143.8
133.4
102.0
79.3
52.6
71.2
37.8
66.7
31.8
76.6
51.4
1, 740. 9
1, 428. 1
2. 705. 9
1,898. 8
1, 531. 6
2, 784. 6
218.9
170.7
249.8
153.2
121.7
246.3
146.9
121.4
210.4
150.1
125.4
245.1
133.7
110.8
214.4
equipment (new), new orders, net
mo. avg. shipments 1957-59=100. . 270.3
Furnaces (industrial) and ovens, etc., new orders
366.1
273.0
307.2
242.4
499.0
369.5
Stoves, domestic heating, shipments, total — do
Gas
do
Warm-air furnaces (forced-air and gravity air-flow),
shipments totalthous _
Gas
do
Water heaters gas shipments
do
.3
3.9
.3
.4
.4
46.6
47.7
'64.8
77.0
85.0
174.0
13.1
227.6
14.1
172.4
11.2
201.9
10.6
236.1
14.9
211.8
72.6
47.6
79.6
52.0
89.2
65.5
125.0
92.0
r 147. 1
157.6
112.7
199.3
145.4
135.5
111.6
235.1
120.2
97.9
242.7
128.9
105.8
232.5
148.2
119.9
264.8
158.6 ' 162. 7 203.0
125.1 ' 121. 5 T 150.0
226. 7
234.7
235.7
213.5
158.7
251.1
550.3
,402.1
769.7
309.2
255.5
' 109.8
MACHINERY AND EQUIPMENT
Foundry
"RM
t '
"F
1 firpd (&
'»
. »"
y
for hot rolling <;tpplC
rln
do
Material handling equipment (industrial) :
Orders (new) index seas, adj
1957-59=100
Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-tvpe
do
Industrial trucks and tractors (internal combustion
engines) shipments
number
121 2
* 12 1
t 64 6
113.1
16.4
58.3
30.1
3.0
11.3
23 2
7 2
88
442.4 1, 069. 0
195.3
22 5
2.7
12 3
23 1
18
15 0
220.4
e 246. 8
249.1
226.8
257.2
224.1
228.3
200.4
177.3
226.1
177.1
207.6
188.2
182.8
225.5
10, 753
12, 243
14, 579
14, 903
1,348
1,391
1,069
1,282
1,406
1,399
1,000
1,407
1,305
1,220
1,218
1,573
1,150
1,057
1,529
1,237
1,273
1,377
1,125
1,433
688
846
1,093
1,183
1,318
1,019
42,601
50, 446
4,220
4,010
4,328
4,135
3,643
3,846
3,416
3,636
3,855
3,533
2,346
3,685
3,114
1, 079. 35
959.90
1, 358. 30
1,238.30
809.6
1, 195. 30
1,032.65
1, 192. 45
1, 077. 45
812.4
89.00
77.40
104. 60
94.00
861.0
78.95
67.55
92.20
83.90
847.8
82.80
70.20
118.15
103.35
812.4
92.25
78.60
93.85
84.35
810.8
62.85
52.70
87.35
74.65
786.3
75.95
60.00
98.20
82.50
764.1
59.20
46.30
83.05
69.15
740.2
52.75
41.60
97.10
82.55
695.9
61.85
44.05
100.60
84.50
657.1
62.70
47.70
74.90
61 30
644.9
34.20 ' 44. 15
35.35
23.45 ' 35. 75 27.30
62.15 ' 83. 35 71.20
47.75 r 67. 00
60.75
617.0 f 539. 0
503.2
394. 75
360.55
368.60
324. 45
254.5
533. 45
484.35
405. 10
369.30
382.8
45.00
36.25
43.20
40.40
397.5
31.90
27.70
39.20
34.15
390 2
26.25
24.20
33.60
31.20
382.8
22.30
18.70
40.70
38.65
364.4
31.70
29.65
39.60
33. 60
356.5
20.35
17.00
40.95
38.20
335.9
27.20
25.55
34.75
32.20
328.4
16.25
15.20
46.10
43.40
298 5
14.40
12.85
41.20
36.20
271.7
14.75
12.30
38.75
36.25
247 7
12.50 ' 23. 85 35.25
32.90
8.95 r 22. 25
30.40 ' 31. 40 36.40
28.15 ' 28. 90
3135
213.5
229 8 ' 214. 6
1 453. 4
68.4
i 475. 6
179 1
125.3
52.3
3
i 502. 6
617.3
138 2
162.4
153.3
1
938. 4
878 6
228 5
248.4
230 8
1 1,211.3
1, 151. 6
239.6
333.6
33 793
Batteries (auto replacement) shipments^ thous
Household electrical appliances:
Ranges, incl. built-ins, shipments (manufac2, 306. 8
turers'), domestic and export
thous
Refrigerators and home freezers, output
165.6
1957-59=100
6, 653. 1
Vacuum cleaners, sales billed
thous
i 4,519. 8
Wash ers, sales (dom. and export) do
Dryers (gas and electric), sales (domestic and
export)
thous 2, 861. 8
35 510
4 271
3 668
3 782
3 692
i 2,342. 3
242.2
144.6
153.5
181.0
7, 133. 7
4, 421. 5
201.8
728.7
462.8
98.6
645.0
290.8
113.3
520.9
277.1
3, 022. 5
394.6
268 2
20, 549
11, 270
1,838
984
1,504
888
770.7
69.3
510.3
4.4
Machine tools:
Metal cutting type tools:
Orders new (net) total
Domestic
Shipments total
Domestic
Order backlog end of period
Metal forming type tools:
Orders new (net) total
Domestic
Shipments total
Domestic
Order backlog end of period
mil $
do
do
do
do
do
do
do
do
do
Other machinery and equip., qtrly. shipments:
Tractors used in construction:
Tracklaying, total
mil $
Wheel (contractors' off-highway)
do
Tractor shovel loaders (integral units only),
wheel and tracklaying types
mil $
Tractors, wheel (excl. garden and contractors'
off-highway types)
mil $
Farm machines and equipment (selected types),
excl. tractors
mil $
133.2
736.5
100.8
31.6
T
39.8
3 42 9
3 32 6
3
349.3
3 88 2
47 1
304. 8
281.8
ELECTRICAL EQUIPMENT
22, 566
Radio sets, productionO
__ do
Television sets (incl. combination), prod.O-_do
11,794
Electron tubes and semiconductors (excl. receiving,
power, and spec, purpose tubes), sales
mil. $._ 1 693. 1
Motors and generators:
New orders, index, qtrly
1947-49=100
206
New orders (gross) :
Polyphase induction motors, 1-200 hp
mil. $_. 596.6
D.C. motors and generators, 1-200 hp
do
49.5
3,123
2,491
2,039
120.2
142.8
210.8
131.5
565.1
241.1
194.9
636.1
302.9
219.5
645.1
399.8
243 6
203.7
219.4
1,4 437
764
1,369
704
61.1
69.7
« 8.1
3.6
«8.8
3.5
217
5 109. 3
51.9
4
1,930
2,269
2 912
3,018
205.5
200.2
221.6
238.4
193.7
227.2
561.5
338.3
221.4
531.7
321.6
227.4
589.2
382.9
278.8
197.5
173.6
203 4
198 5
278.7
1,240
782
4 1, 632
*895
1,322
509
1,292 * 1,651
4
531
823
975
534
1,480
779
62.7
59.6
63.8
58.1
53.2
56.4
46.9
58.1
58.7
3.8
59.7
6.0
39.4
3.6
•8.1
3.4
58.6
4 7
761
57
766
51
811
43
210
215
4.8
238.3
152.1
513.3
667.9
8 337. 7 8 356. 4
' 4, 252
3,952
225.5
225.9
r 202. 7
226.4
758.0
s 387. 6 s 399. 6
203.i
8348.
335.9
359.3
288.'
* 1, 585
1,054
1,285
965
1,11!
49.3
56.3
47.1
59.9
38
57.5
4 0
»8.4
3.0
58.2
3.6
710
110
901
79
852
135
'872
100
742
53, 010
54,695
49, 600
4
94;
201
206
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production „ _ _ _
_
_thous. sh. tons.. 11, 461 - 10, 743
'985
'750
'731
Exports _
do
627
70
518
63
70
Price, wholesale, chestnut, f.o.b. car at mine
$persh. ton_. 13. 813 15. 100 15. 268 15. 758 16. 248
Bituminous:
Production
_
___thous. sh. tons.. 545,245 560, 503 53,906 45,687 51,094
r
Revised.
i Revised total or year-end stock; 4monthly revisions are not available.
2 Total for 11 months.
3 p0r month shown.
Data cover 5 weeks; other periods,
4 weeks.
s Excludes orders for motors 1-20 hp.; domestic sales of this class in 1969 totaled
$117.2
mil.; 1970—Oct., $8.7 mil.
a Revised data (1967-68) are in the Apr. 1970 SURVEY.
7
Excludes figures for rubber-tired dozers (included for other periods).
811
16
773
17
817
22
16.346
16. 346
16.346
16. 346
15. 758
15. 758
15. 954
15. 954
45, 515
45, 890
50,775
49, 330
50,765
48,085
38, 795
50, 365
8
Omits combination washer-dryers.
t Revised series. Data reflect adjustment to 196'
Census of Manufactures; monthly revisions (1957-69) are available.
ORadio production comprises table, portable battery, auto, and clock models; television
sets cover monochrome and color units.
SURVEY OF CURRENT BUSINESS
ecember 1970
iless otherwise stated in footnotes below, data
h rough 1968 and descriptive notes are as shown
n the 1969 edition of BUSINESS STATISTICS
1968
1969
1969
Annual
S-35
Oct.
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
Aug.
June
July
44,233 r 43, 440
27, 522 '28,458
16, 241 r 14, 385
7,928
7,956
41, 715
26, 424
14, 386
7,917
Sept.
Oct.
Nov.
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL— Continued
ituminous— Continued
Industrial consumption and retail deliveries,
total 9
thous sh tons
Electric power utilities
do
Mfg and mining industries, total
do
Coke plants (oven and beehive)
do
498, 830
294, 739
188, 450
90, 765
507, 275
308, 461
185, 835
92, 901
41,742
25, 226
15, 398
8,092
42, 422
25,735
15,529
7,769
47, 198
28, 957
16, 837
8,154
48, 268
30, 167
16,367
7,772
42,416
26, 121
15, 060
7,356
44, 067
26, 668
16, 502
8,582
40, 761
24, 170
16,113
8,354
40, 461
24, 118
15,853
8,626
41, 142
25, 625
15, 058
8,315
15, 224
12, 666
1,074
1,122
1,390
1,734
1,235
894
450
450
420
430
560
866
85, 525
64, 168
21, 169
9,537
80, 482
60, 597
19,701
8,962
83, 545
62, 328
20, 996
8,376
83, 322
63, 433
21, 018
8,807
80, 482
60, 597
19, 701
8,962
52, 768
49, 944
49, 549
52, 060
55, 619
57, 383
54, 825
55, 654
59, 685
7,712
7,796
8,390
8,678
9,093
9,235
6,517
6,719
7,112
188
184
221
211
184
50, 637
56,234
5,496
5,751
4,843
3,984
4,343
5,309
6,057
6,059
7,210
6,269
5,532
6,520
7,267
5.397
6.944
6.052
7.487
6.342
7.836
6.470
8.086
6.514
8.207
6.526
8.393
6.926
8.529
7.037
8.529
7.758
8.864
7,819
8.950
8.224
9.193
8,280
9,521
8.424
9.736
775
62, 878
19, 038
710
64, 014
20, 574
69
5,552
1,795
63
5,333
1,827
81
5,570
1,881
69
5,332
1,856
61
5,069
1,643
64
5,978
1,696
63
5,807
1,834
59
5,966
1,728
72
5,749
1,929
69
5,442
1,929
65
5,368
1,818
66
5,425
61
5,680
5,985
5,637
348
1,239
792
3,120
3,020
99
1,040
1,629
3,430
3,309
121
1,225
123
3,320
3,202
119
1,237
146
3,120
3,020
99
1,040
164
3,032
2,946
86
1,187
89
3,034
2,969
65
1,173
152
3,088
3,025
63
1,077
141
3,100
3,043
55
1,132
212
3,121
3, 063
58
966
195
2,954
2, 907
47
966
149
3,006
2,952
54
1,038
244
2,963
2,914
49
1,051
268
3,057
3,019
37
3,401
3,355
46
286
288
number. _ 14, 426 2 14, 368
3.06
3.18
$ per bbl__
mil. bbl
3, 774. 4 3, 880. 1
% of capacity
93
92
1,217
3.21
325.8
90
1,080
3.21
321.6
92
2,080
3.21
342.5
94
1,028
3.21
336.9
93
1,153
3.21
304.8
93
1,041
3.21
335.9
93
925
3.21
318.4
91
1,047
3.21
324.0
87
1,142
3.21
326.2
90
1,129
3.21
335.5
90
912
3.21
341.7
92
' 1, 234
986
882
.237
.265
Retail deliveries to other consumers
do
Stocks, industrial and retail dealers', end of period,
total
thous. sh. tons_
Electric power utilities
do
Mfg and mining industries total
do
Oven-coke plants
do
Retail dealers
do
Exports
do
Prices, wholesale:
Screenings, indust. use, f.o.b. mine
$ per sh. ton_.
Domestic, large sizes, f o.b. mine
do
COKE
reduction:
Beehive
thous sh tons
Oven (byproduct)
do
Petroleum coke§ _
_ _ . do
Locks, end of period:
Oven-coke plants, total
do
At furnace plants
. .do
At merchant plants
do
Petroleum coke
do
xports__
_ _ _ _
do
PETROLEUM AND PRODUCTS
irude petroleum:
Oil wells completed
Price at wells (Oklahoma)
Runs to stills
Refinery operating ratio
.11 oils, supply, demand, and stocks:
New supply, totaled _
_
_ mil. bbL 4, 922. 1
Production:
Crude petroleum
._
do
3, 329. 0
Natural-gas plant liquids
_._do_ __
553.7
Imports:
501.7
Crude and unfinished oils
do
Refined products
_ _._ _. do
537.7
330.3
5, 102. 8
429.5
421.6
465.4
463.8
430.2
470.5
436.8
436.3
430.9
436.4
441.9
440.9
3, 363. 8
584.5
284.8
50.1
279.6
49.4
294.8
52.0
293.5
51.0
267.7
47.7
294.5
52.3
287. 6
50.0
295.2
51.8
280.7
51.0
284.9
51.9
296.2
52.4
295.5
50.5
551.9
602.7
47.8
46.8
47.5
45.0
53.1
65.6
47.7
71.6
44.3
70.5
50.3
73.3
38.1
61.1
40.7
48.5
44.1
55.1
42.0
57.6
39.0
54.3
43.3
51.6
Change in stocks, all oils (decrease,—).
do
55.5
-17.4
5.5
-4.7
-33.2
-52.3
-20.8
— 1.0
17.3
28.1
16.3
'4.5
11.8
27.0
Demand, total
Exports:
Crude petroleum
Refined products .
Domestic demand, total?
Gasoline__ __
Kerosene
do
4,873.8
5, 126. 4
422.6
426.0
499.4
518.5
450.2
472.4
419.4
407.1
415.0
' 431. 3
427.2
414.2
do
do_ ._
do
do .
do
1.8
1.4
82.7
83.9
4, 789. 2 5, 041. 0
1, 956. 0 2, 042. 5
102.9
100.4
.2
7.0
415.5
177.2
7.1
.2
6.8
419.0
163.6
9.3
.1
7.0
492.3
174.5
12.6
.1
6.7
511.7
164.0
16.6
7.2
443.0
151.0
11.7
.1
7.2
465.1
173.4
8.9
.1
7.6
411.7
171.3
5.4
7.8
399.3
183.6
5.0
.3
.1
7.5
8.3
407.3 ' 422. 9
187.4
195.2
4.3
5.0
(')
6.4
420.8
190.4
4.8
0
8.1
406.0
179.8
5.5
Distillate fuel oil
Residual fuel oil
Jet fuel
__
.
. _
Lubricants
Asphalt
Liquefied gases
Stocks, end of period, total
Crude petroleum
_.
Unfinished oils, natural gasoline, etc
Refined products
.
Refined petroleum products:
Gasoline (incl. aviation):
Production.
_
Exports
Stocks, end of period
do ~
do
do .
874.5
668.2
349.4
900.1
721.9
361.5
62.4
58.6
28.1
82.9
55.5
29.5
112.0
77.1
33.1
127.2
89.7
28.8
96.8
82.2
28.7
95.8
87.3
28.2
74.2
63.6
27.2
60.3
51.3
27.7
52.6
58.2
28.1
50.3
59.2
'31.2
52.9
61.2
30.8
58.6
50.7
31.1
do _
do
do
48.5
141.2
385.7
48.7
143.3
445.6
4.6
16.7
39.1
3.7
9.8
43.0
3.9
6.7
48.1
4.1
4.4
54.8
3.4
4.7
41.6
4.1
6.3
38.9
4.4
10.0
32.2
4.0
14.3
29.0
4.7
18.8
29.8
4.2
21.3
31.9
4.0
20.6
32.2
4.3
18.8
33.2
999.6
272.2
98.9
628.5
980.1 1, 020. 0 1, 015. 3
264.3
264.8
265.2
104.3
101.4
103.5
651.5
649.1
611.4
980.1
265.2
103.5
611.4
927.9
267.1
105.4
555.4
907.1
269.6
104.3
533.2
906.2
274.6
107.8
523.7
'923. 4
278.0
112.5
532.9
951.6
284.8
115.0
551.8
967.9
279.9
115.5
572.5
971.0
266.9
113.8
590.4
982.8 1, 009. 8
259.2
254.1
106.9
113.1
643.7
615.6
177.1
.3
195.0
182.1
.3
217.4
176.5
.1
231.9
157.0
.2
238. 8
173.4
.2
240.8
164.3
.1
235.7
172.5
.1
226.4
173.8
.1
214.9
180.6
.2
201.9
183.0
.1
196.4
.113
.113
.110
.110
.133
.115
.120
.123
.256
.248
.249
.256
.238
.230
1.3
.1
4.7
2.0
.1
5.1
1.9
0)
4.7
do_
do
do
do
do
do
do
1, 940. 0
2. 1
211.5
2,028.2
2.5
217.4
175.3
.1
208.4
Prices (excl. aviation) :
Wholesale, ref. (Okla., group 3)
$ per gal_.
.116
.113
.110
.118
.118
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
$ per gal-.239
.230
.233
.239
.240
Aviation gasoline:
Production
mil. bbl_^
26.5
31.6
2.3
2.2
2.1
Exports
do
1.8
1.8
.2
.1
.2
Stocks, end of period
do
6.2
7.0
5.6
5.8
6.2
Kerosene:
Production
do
101.6
102.9
7.6
8.0
9.8
Stocks, end of period
do
23.5
26.8
30.6
29.4
26.8
Price, wholesale, bulk lots (N.Y. Harbor)
$ per gal. .
.113
.111
.111
.111
.111
r
Revised.
1
Less than 50 thousand barrels.
2 Reflects revisions not a vailable I y month s.
d" Includes small amounts of "other hydrocarbons and h ydrogen i•eflnery input," not
.229
.237
0)
6.3
1.3
.2
5.9
1.6
.1
5.6
1.6
.1
5.4
1.6
.1
5.1
10.2
20.4
9.1
18.0
9.5
18.5
7.5
20.8
7.0
22.9
7.4
26.3
6.3
27.7
6.5
29.6
.111
.111
.111
.111
.118
.120
.122
.122
1.4
showri separat aiy.
9 In eludes d ata not silown sep arately.
§Inciludes nonmarket able cata lyst coke
.246
SURVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1968
1969
1969
Annual
December 191
Oct.
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
No\
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Distillate fuel oil:
Production
mil. bbl
Imports
-do __
Exports
do
Stocks end of period
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per gal
Residual fuel oil:
Production
mil bbl
Imports
do
Exports
do
Stocks end of period
do
Price wholesale (Okla No 6)
$ per bbl
840.7
48.1
1.5
173.2
848.4
50.9
1.3
171.7
70.5
2.3
.1
208.0
72.5
3.4
.1
201.0
76.9
5.9
.1
171.7
79.5
6.7
(2)
130.7
71.9
5.7
.1
111.5
77.7
7.6
.1
101.0
70.8
4.6
.1
102.1
70.8
3.4
.1
115.8
.103
.101
.101
.101
.101
.101
.101
.101
.101
.108
275.8
409.9
20.0
67.4
1.40
265.9
461.6
16.9
58.4
1.48
19.5
39.0
1.6
64.2
1.45
21.4
33.8
1.6
62.7
1.45
24.1
51.2
.8
58.4
1.45
26.0
56.0
1.5
49.5
1.65
23.9
56.5
2.1
46.1
2.00
23.6
58.5
1.1
40.3
2.00
19.8
47.3
1.4
42.8
2.00
314.9
24.3
321.7
28.1
26.3
29.3
25.6
29.6
27.7
28.1
23.9
27.1
24.0
26.4
26.4
27.2
65.7
18.0
14.0
65.1
16.4
14.1
5.7
1.2
12.5
5.8
1.1
13.6
5.7
1.4
14.1
5.5
1.3
14.3
4.7
1.1
14.5
.270
.270
.270
.270
.270
.270
mil. bbl
do
135.5
20.1
135.7
16.8
13.5
13.2
10.4
14.0
9.0
16.8
Liquefied gases (incl. ethane and ethylene):
Production total
mil bbl
At gas processing plants (L P G.)
do
At re fineries (L P» G )
do
Stocks (at plants and refineries)
do
469.3
351.3
118.1
76.2
502.0
378.5
123.5
59.6
42.8
32.6
10.2
79.9
42.3
32.4
9.9
71.5
Asphalt and tar products, shipments:
Asphalt roofing total
thous. squares
Roll roofing and cap sheet
do
Shingles all types
do
78 045
31, 099
46 946
84, 430 9,052.7 7,215.6
34, 707 3,713.3 3,219.6
49, 723 5,339.4 3,995.9
Jet fuel
Production
Stocks end of period
mil. bbl
do
Lubricants:
Production
do
Exports
do
Stocks end of period
do
Price, wholesale, bright stock (midcontinent,
f o.b. Tulsa)
$ per gal
Asphalt:
Production
Stocks end of period
Asphalt siding
Insulated siding
Saturated felts
do
do
thous sh. tons
418
411
875
' 364
346
920
'39
50
86
'30
23
74
72.3
1.9
137.5
73.5
2.8
.2
163.5
188.2
.110
.112
.112
17.7
36.8
1.8
44.7
2.00
17.0
43.6
1.3
46.0
2.00
17.7
44.7
1.7
47.9
2.40
20 7
41.7
1.2
48.1
2.60
24.5
29.2
23.7
29.4
24.9
30.9
' 26.9
30.0
26.6
30.6
5.5
1.7
14.1
5.4
1.3
13.8
5.6
1.3
14.1
5.3
1.2
13.6
5.5
1.7
13.3
5.7
1.2
13.7
.270
.270
.270
.270
.270
.270
.270
6.8
19.5
6.7
21.6
9.3
24.8
10.8
25.8
13.0
24.9
14.5
21.3
16.1
17.3
16.5
14.0
44.7
34.5
10.2
59.6
44.6
33.9
10.7
42.4
41.9
31.6
10 3
37.0
45.3
34.8
10 6
37.6
43.3
32.9
10 5
43.5
44.9
34.1
10.8
54.6
43.6
33.0
10.6
63.2
44.6
33.3
11.2
70.0
43.8
33.4
10 5
76 4
5,576.2
2,632.9
2,943.3
3,387
1,708
1 679
3,447
1,566
1 882
5,143
2,350
2 793
6 340
2,662
3 679
7,895
2,924
4 970
8,504
3,377
5,127
8 792
3,562
5 230
'22
r
17
69
20
7
51
16
13
45
20
24
61
25
22
73
20
31
75
23
39
78
29
39
84
21
35
82
(2).
74.8
2.8
(2)
8 384 ' 8, 452
3,511 r' 3, 486
4, 966
4 874
8,716
3,535
5,181
18
37
75
21
34
78
r
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
Stocks, end of period
Waste paper:
Consumption
Stocks, end of period
thous cords (128 cu ft )
do
clo
i 59, 041
i 59, 788
5,676
62,276
62, 813
4,788
5,824
5,547
4,537
5,255
5,427
4,521
5,274
5,025
4,783
5,044
5,449
4,432
5,273
5,177
4,397
5,813
5,593
4,715
5,611
5,536
4,811
5,449
5,548
4,745
5,591
5,478
4,892
5,531
5,251
5,193
5,565
5,439
5,417
5,537
5,147
5,813
5,645
5,670
5,912
thous sh tons
do
10, 285
586
10, 441
608
908
608
818
598
780
608
838
569
805
572
868
569
872
563
832
552
854
556
743
591
829
564
'832
'571
872
575
WOODPULP
Production:
Total, all grades
thous sh tons
Dissolving and special alpha
do
Sulfate.
do
Sulfite
do
i 39, 400
i 1, 679
i 25, 505
i 2, 431
41, 057
1,701
27, 628
2,337
3,647
150
2,482
210
3,594
141
2,456
192
3,263
131
2,180
197
3,560
154
2,422
194
3,425
139
2,332
187
3,587
145
2,445
201
3,579
142
2,431
208
3,624
160
2,447
203
3, 475
120
2,371
203
3,352
140
2,268
181
3,547
144
2,409
194
3,304
128
2,246
177
Groundwood
Defibrated or exploded
Soda, s?rnichem., screenings etc
Stocks, end of period:
Total, all mills.
Pulp mills
Paper and board mills
Nonpaper mills
do
do
do
14,470
i 1, 625
i 3, 690
4,241
1,585
3,564
368
131
306
359
135
310
341
128
286
359
127
303
353
129
284
362
131
303
366
134
298
374
134
305
357
133
291
359
134
269
378
135
286
348
131
275
do
do
do
do
870
358
426
86
796
230
469
99
787
284
431
72
839
321
440
77
796
230
469
99
812
294
440
79
811
284
457
76
823
275
474
74
832
299
459
74
868
348
450
71
867
340
459
68
919
359
490
70
904
376
460
67
822
326
429
67
Exports, all grades, total.
Dissolving and special alpha
All other.
do
do
do
1,902
671
1,231
i 2, 103
1744
11,359
191
60
132
182
63
119
220
72
148
200
63
137
204
70
134
224
80
145
254
81
173
243
50
193
269
96
173
273
65
208
325
80
245
247
52
195
954
86
868
Imports, all grades, total _
Dissolving and special alpha...
All other
do
do
do
3,540
302
3,238
14,040
1298
1 3, 743
400
30
370
356
24
332
358
35
323
304
24
280
294
21
273
348
25
323
304
24
280
296
23
273
309
15
293
292
13
280
270
21
249
256
30
226
277
27
250
50, 703
22, 091
24, 267
155
4,190
53,488
23, 460
25, 561
133
4,333
4,711
2,074
2,228
12
397
4,455
1,958
2,150
11
336
4,253
1,885
2,046
8
314
4,586
2,036
2,237
10
304
4,264
1,893
2,057
9
304
4,532
2,047
2,142
11
332
4,624
2,053
2,198
14
359
4,469
1,944
2,160
12
353
4,377
1,898
2,103
15
361
4,124 v 4, 330 ' 4, 092
1,790 r> 1, 882 r 1, 762
1,956 v 2, 074 ' 1, 959
P14
'16
12
'356
366
"360
4,559
1,988
2,164
16
390
50, 207
53, 754
4,709
4,413
4,238 v 4, 532
101.4
119.6
91.1
92.7
102.7
122.9
94.4
97.1
102.7
123.2
95.9
94.6
102.7
126.4
96.0
94.4
102.7
126.4
96.0
93.9
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
All grades, total, unadjusted ___thous. sh. tons^.
Paper..
do
Paper board..
do
Wet-machine board
do
Construction paper and board
do
New orders (American Paper Institute):
All grades, paper and board
...
do
Wholesale price indexes:
Printing paper
1957-59 = 100
Book paper, A grade
do
Paperboard
do
Building paper and board
do
••Revised .
* Preliminary.
126.4
127.5
127.5
127.5
127.5
127.5
127.5
127.5
96.0
95.5
97.1
95.5
97.0
97.0
95.5
96.7
93.4
93.1
93.2
93.0
93.4
92.9
93.3
93.3
i R(jported a nnual to tal; revis ions not allocated to the m onths.
barrel s.
2 Less than 50 thousanc
SURVEY OF CURRENT BUSINESS
cember 1970
1968
ess otherwise stated in footnotes below, data
rough 1968 and descriptive notes are as shown
the 1969 edition of BUSINESS STATISTICS
1969
1969
Annual
S-37
Oct.
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
PULP, PAPER, AND PAPER PRODUCTS—Continued
»APER AND PAPER PRODUCTS— Con.
cted types of paper (API):t
roundwood paper, uncoated:
Orders, new
thous.sh. tons..
Orders unfilled end of period
do
g^j jp mgnts
^^
Dated paper:
Orders new
- do
Orders unfilled end of period
do
Shipments
do
Dok paper, uncoated:
Orders new
_.do
Shipments
-^
riting and related papers:
Orders new
- do
Shipments
do
nbleached kraft packaging and industrial converting papers:
Orders new
do
Orders unfilled end of period
do
Shipments
_ __do_
rsprint:
inada:
105
102
104
114
122
94
94
107
91
94
97
93
92
102
89
114
117
96
93
119
93
104
115
101
94
94
102
••117
r
117
'99
v 81
v 105
93
81
94
3,313
289
239
294
242
223
269
245
200
275
287
232
278
269
244
254
285
244
288
277
229
282
256
219
270
261
222
266
' 259
••226
'262
v 259
p 214
P270
236
193
258
2,515
2,587
230
229
202
214
196
217
222
231
195
211
218
228
212
223
212
218
212
217
r
218
'220
p208
p211
202
208
2,951
2,899
268
262
238
239
233
234
242
247
210
224
239
248
247
243
241
244
236
236
••204
'214
P233
P236
233
234
3,922
323
181
320
320
297
173
317
310
344
189
319
298
337
195
328
308
312
199
318
290
344
187
355
305
307
140
325
313
289
110
309
314
306
121
294
312
'275
304
p327
p 131
p309
p317
324
143
318
1,171
107
1,123
3,230
200
189
3,865
3,588
(JO
8,031
..do
do
' 115
' 281
*86
8,096
8,758
8,741
203
220
794
804
333
760
808
285
730
795
220
749
659
310
692
646
357
750
704
402
752
701
452
715
716
451
671
734
388
698
673
412
694
670
436
649
683
402
760
800
362
2,935
2,946
3,232
3,233
27
27
288
291
58
279
290
46
255
275
27
279
261
45
258
247
55
273
278
51
274
274
51
290
277
65
289
285
69
272
266
75
289
277
87
243
258
72
292
295
69
7,025
Consumption by publishersc?
do
Stocks at and in transit to publishers, end of
633
period
thous. sh. tons. .
7,344
666
682
631
563
539
617
624
643
582
544
559
581
626
699
686
665
699
737
743
710
704
654
683
693
712
708
717
544
565
467
732
454
490
748
494
15, 862
17, 035
Production
_
Shipments from mills
Stocks at mills, end of period-
nited States:
Production
do
Shipments from mills
- -- - -.do
Stocks at mills, end of period
do
Imports
do
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
- --$ per sh. ton._
6,462
6,790
614
571
625
545
497
568
563
535
541
539
484
141. 40
146. 10
146. 10
146. 10
146. 10
150.50
150. 50
150. 50
150. 50
150. 50
150. 50
150. 50
150. 50
er board (American Paper Institute):
rders, new (weekly avg.)
thous. sh. tons_.
rders unfilled §
do
•oduction, total (weekly avg.)
do
454
869
480
479
939
510
542
1,004
524
526
965
523
479
939
554
509
975
522
521
855
521
515
805
514
497
770
508
512
749
511
493
691
502
451
723
436
492
711
489
er products:
lipping containers, corrugated and solid fiber,
shipments
mil. sq. ft surf, area.. 173, 814
185, 536
17, 959
14, 321
14, 535
14, 469
14, 152
15, 233
15, 370
15, 021
15, 569
15, 147
15, 394
2, 627. 0
1, 229. 0
243.8
115.6
206.4
98.0
232.4
109.0
' 209. 9
' 101. 0
195.1 ' 224. 2 ' 208. 8 ' 199. 4
T
'95.1 ' 108. 8 r 101 0
98 3
208.1
103 6
201.8
100 1
201.4
100 6
)lding paper boxes *
thous. sh tons
mil $
2, 575. 0
1 162.0
r
r
r
492
729
495
209. 1 v 229.4
103 5 P 111.7
RUBBER AND RUBBER PRODUCTS
RUBBER
ural rubber:
Dnsumption
thous Ig tons
ocks end of period
do
iports incl latex and guayule
do
•ice, wholesale, smoked sheets (N.Y.)— $ per lb. .
thetic rubber:
•oduction
Dnsumption
ocks end of period
thous. Ig. tons
do
do
581. 86
107. 76
540. 17
o 598 27
106.49
585.28
55 56
104.49
59.45
48 26
103. 06
49.26
49 93
106.49
50. 51
49.98
104. 91
59.03
48 27
98.58
44.05
50.02
95. 14
56.82
48 11
96 42
45.66
35 83
98 31
42 10
.198
.262
.265
.250
.238
.255
.251
.223
.221
2,131.10 °2.250.19
1 1,896.15 "2,024.06
368. 16 0 441 03
200.93
190.80
417. 14
187.86
164.98
424. 39
198.64
168.65
441.03
193. 11
169. 07
434. 37
178. 91
166. 69
436 75
186. 76
177. 35
433 30
226. 49
24.44
20.32
23.11
23.36
23 68
238. 92
231 77
29.27
21.35
21 97
31.32
17.42
16.99
31.08
17.94
18.58
29.27
18.77
17 54
30.46
sports (Bu of Census)
do
291.03
laimed rubber:
'oduction
Dnsumption
ocks, end of period
do
do
do
257. 22
250. 43
29.58
a
a
43 93
89 69
41.64
42 84
92 36
37 78
.218
.216
'.200
178 68
170 39
422 36
182 24
129 16
457 52
179 64
156 68
455 57
22 27
26 14
25 25
27 25
23 24
18.38
17 49
30.51
18.48
19.03
28.42
17 45
17 34
27 28
13 26
13 67
27 87
15 46
15 58
26 63
17.55
15 65
26.62
'43 45
46 73
' 94. 73 96. 67
46.60
33 73
.195
.191
181.33 '187 07
150.50 '152 13
46465 '479 43
182. 74
158. 32
481. 87
23 28
22 06
46 74
.183
.184
24 12
' 16. 46 14.48
' 14 93 15.89
' 26. 88 26.28
TIRES AND TUBES
umatic casings, automotive:
'oduction
thous
lipments, total
Original equipment
Replacement equipment
Exports
..- -
do
do
do
do
2
199,155
2
58, 392
2
do
do
42, 128
2,518
do
do
do
do _
43, 791
43, 957
11, 828
1,390
ocks , end of period
xports (Bu of Census)
*r tubes, automotive:
"oduction
lipments
ocks, end of period
xports (Bu. of Census)
-
207, 826
19, 151
16, 738
17, 789
18, 174
17 522
17,606
17 216
12 642
15 658
15 466
14, 657
204, 777
2
55, 704
650
137, 562 2 146,
2
23,202
2, 423
20, 390
5,836
14, 249
14, 407
4,750
9,519
305
13, 746
4,041
9,505
14, 519
3 681
10 651
18, 908
4 403
14 320
138
200
13,895
4 150
9 625
18 286
4 912
13 201
20, 862
5 628
15 077
15, 367
2 346
12 906
15, 286
3 296
11, 871
187
185
19, 559
4 507
14 877
175
173
156
114
119
49, 152
2,364
42, 331
44, 898
49, 152
53, 750
187
166
156
57 105
56,400
54 620
49 670
119
45 196
45 978
45, 758
114
41, 657
44, 860
11,191
1,098
3 913
4,361
11, 020
3 263
3 324
11 125
3 073
3 172
11, 191
3 384
3 971
10 811
3 278
3 666
10 222
2 060
3*024
9 680
2 765
3*678
9 111
2 654
3 205
8 934
85
85
3 127
3*390
9 252
' 99
2203, 060
2
2
298
83
79
Revised.
P Preliminary.
1 Revisions for Jan.-Aug. 1968 for synthetic rubber
;umption
are as follows (thous. Ig. tons): 162.96; 154.29; 162.07; 155.85; 162.67; 153.44; 135.82;
33. 2 Annual total includes revisions not distributed to the months.
)ata have been regrouped by the American Paper Institute; details and available earlier
i appear in their April 1970 Monthly Statistical Summary.
83
120
84
90
150
2 918
3 371
10 754
3 336
3 783
10 393
67
111
71
133
107
125
71
116
178
60
115
cf As reported by publishers accounting for about 75 percent of total newsprint consumption.
§ Monthly data are averages for the 4-week period ending on Saturday nearest the end of the
month; annual data are as of Dec. 31.
*New series. Monthly data are available back to 1955.
° Revisions for Jan.- May 1969 will be shown later.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1969
1969
1968
Annual
December 197
Oct.
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
39, 134
Nov
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
thous. bbl_ 1397,448 1409, 564
Shipments, finished cement
43, 585
31,249
25, 984
16, 932
20, 039
25, 722
32,912
36, 385
39, 699
42, 284
41, 630
38, 158
686.3
20.4
167.6
529.6
18.8
136.0
453.9
17.1
118.6
300.4
15.9
91.9
385.6
14.8
96.3
543.3
17.7
142.2
574.8
17.7
134.4
579.4
17.5
138.4
617.0
20.1
153.5
629.4
17.8
161.2
r 607. 6
612.6
10.5
157.3
209.0
19.4
15.4
16.6
11.5
10.7
12.8
16.2
10.6
15.1
16.4
r
284.8
25.0
20.5
21.3
19.2
19.4
22.8
99 9
20 5
99 8
29 2
T
122.3
123.2
123.5
123.5
124.8
124.8
125.4
126.5
127.0
127.0
127.0
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick, . 7, 556. 8
192.5
Structural tile, except facing
_thous. sh. tons .
Sewer pipe and fittings, vitrified
- .do-.. 1, 705. 5
Facing tile (hollow) , glazed and unglazed
mil. brick equivalent. . 220.6
Floor and wall tile and accessories, glazed and un274.5
glazod
mil. sq. ft
Price index, brick (common), f.o.b. plant or
117.1
N.Y. dock
1957-59=100..
7, 289. 7
241.5
1, 783. 5
r
14.7
153.4
12. 7
16.9
2l 3
°1 5
127.0
GLASS AND GLASS PRODUCTS
387, 469
416, 870
108, 303
88, 765
r
90 388
101 960
139, 391
248, 078
150, 123
266, 747
37, 180
71, 123
29, 040
59,725
31, 092
r
59,296
34, 079
67, 881
thous. gross..
(•)
260, 267
22, 060
20, 650
19, 530
20, 824
20, 300
21, 927
22, 555
23, 293
23, 033
22, 589
24, 910 r 21,863
24, 638
Shipments, domestic, total
do
General-use food:
Narrow-neck food
- --do
Wide-mouth food (incl. packers' tumblers,
jelly glasses, and fruit jars)
thous. gross..
(9)
251,050
20, 698
18,613
22, 230
17, 913
18, 570
24, 705
20, 110
21,411
23, 798
22,051
23, 848
24, 358
24, 116
(9)
24 232
1
2
1, 559
1,742
1,705
1,877
2,014
1 927
1,963
2,043
1 847
2 718
2 863
2,077
(9)
57, 828
5,361
4, 595
5,095
4,372
4,331
5,141
4,200
4,140
4,731
4,689
5, 293
5,600
6,053
do
do _.
do
(8e)
(9)
()
56, 232
51, 086
20, 677
4,123
3, 922
1,888
4,170
3,434
1,633
6,072
4,073
1, 739
3,990
3 192
1,524
4,221
3,499
1,479
6,342
5,415
2,097
4,839
4 407
1 685
5, 956
4, 988
1,505
6,909
5 205
1,699
6,532
4 922
1 303
6,323
4 774
1 670
5,944
4 498
1,951
5, 913
4,353
2,065
- - do _.
do
do
( fl9 )
( )
(•)
35,916
4,496
583
3,038
400
44
2,884
292
46
3, 075
384
50
2 843
254
33
2,806
329
28
3,237
428
31
2 705
320
27
2,545
285
29
2 864
322
25
2 459
273
26
9 745
294
31
3,140
319
43
3 227
396
32
do
23, 518
30, 260
31,353
33, 144
30, 260
33, 032
34, 381
31 313
33,540
35 204
34, 016
34 404
35 178
32, 504
32, 774
thous. sh. tons. _ 5,454
do
10 018
5,858
9 881
1,497
2 448
1,206
2 181
1 396
2 524
1,775
9 489
Flat glass mfrs ' shipments
thous. $
Sheet (window) glass, shipments
Plate and other flat glass, shipments
Glass containers:
Production
Beverage
Beer bottles
Liquor and wine
do
do...
._
- __
Medicinal and toilet
Chemical, household and industrial
Dairy products
Stocks, end of period
.
09
GYPSUM AND PRODUCTS (QTRLY)
Crude gypsum, total:
Imports
. .
Production
.
Calcined, production, total
.
Gypsum products sold or used, total:
Uncalcined uses
Industrial uses
Building uses:
Plasters:
Base-coat
All other (Incl. Keene's cement)
Lath .
Wallboard...
All other
_
do.._.
8,844
9,324
2,218
2 000
2 238
2,301
do
do
4 935
301
4 681
316
1 162
78
702
76
1 284
86
1 267
51
536
778
473
702
917
105
163
108
140
106
154
104
155
999
8,283
269
9,090
275
212
2,213
59
184
1 899
46
187
2 258
64
197
2,308
63
_.do._do._ _
_ _ mil. sq.ft. .
do
do_ _
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills :t
Production, total 9
mil. linear yd
Cotton
do
Manmade
fiber
do
Stocks, total, end of period 9 cf
Cotton
Manmade
fiber
Orders, unfilled, total, end of period 9 1J
Cotton. _
Manmade fiber .
12, 693
7 408
5,052
12, 906
7 159
5,546
21 231
2 672
2544
979
543
423
do
do
do
1,366
739
611
1,404
659
730
1 343
663
668
1 335
639
682
do
do
do
3 098
1,627
1,384
2 779
1 535
1,165
2 847
1 500
1 275
2 838
1 498
1 265
2
948
522
410
958
527
414
21 191
2 632
2 538
910
491
404
924
502
406
21 028
2 593
2
482
791
459
322
1 404
659
730
1 401
655
729
1 417
658
743
1 389
622
749
1 389
606
765
1 409
594
799
1 429
584
830
1 441
587
838
1 454
592
846
1 452
585
853
2 779
1 535
1 165
2 679
1 483
1 112
2 620
1 451
1 090
2 510
1 396
1 047
2 482
1 393
I 026
2 52°
1 438
1 030
2 460
1 425
' 983
2 514 T 2 439
1 441
1 481
954
*984
2 395
1 441
916
1 175
2 650
2
509
r
901 2 12 088
615
502
2
462
389
COTTON
Cotton (excluding linters):
Production:
GinningsA
thous. running bales
Crop estimate, equivalent 500-lb. bales
thous. bales
Consumption .
do
Stocks in the United States, total, end of period
thous. bales..
Domestic cotton, total
_ . do
On farms and in transit
do
Public storage and compresses
_
do
Consuming establishments
. _ do
Foreign cotton, total
do
10, 917
r
9, 937
10, 948
8 568
10, 014
8 294
12, 978
12, 926
1,548
9 807
1,571
52
12, 265
12, 248
1,323
9 653
1,272
17
r
5, 783
2
r
8, 379
3
9, 116
9 821
810
646
2 717
635
13, 901
13 879
5,310
7 526
1,043
21
13, 147
13, 129
2,952
9 079
1 098
19
12, 265
12 248
1,323
9 653
1 272
17
11,259
11 243
1,075
8 S39
1 336
16
T
2
Revised.
1 Reported annual total; revisions
not allocated to the months.
Data
3
cover
5 weeks; other months, 4 weeks.
Ginnings to Dec. 13.
< Ginnings to Jan. 16.
5
Crop for the year 1969.
e Data not available owing to lack of complete reports from
the industry.
? Dec. 1 estimate of 1970 crop.
9 Includes data not shown separately.
tEffective Aug. 1969 SURVEY, data (1964-Apr. 1969) reflect adjustments to new benchmarks; see Bureau of Census reports: Woven Fabrics (1964-68), Series M22A-Supplement
and (Jan.-Apr. 1969), M22A (69) 1-4 Supplement.
4
6
' 5 9, 937
5 10 014
2 780
626
10, 324
10 303
866
7 977
1 460
21
9,312
9 294
716
7 008
1 569
19
616
609
2730
8,405
8 383
630
6 160
1 592
23
7,506
7 486
585
5 363
1 538
20
6,517
6 498
417
4 621
1 460
19
532
280
593
1,122
2
4,165
8,
MO,
760
5,760 15, 789 r 14, 811
5 733 15, 773 ' 14, 795
360 10, 875 r 9, 900
3 854
3 962
3 631
1 263 r 1 041
1 411
16
15
27
632
13, 949
13, 931
7,545
5,474
912
18
~T
i
d*Stocks (owned by weaving mills and billed and held for others) exclude bedsheet
toweling, and blanketing, and billed and held stocks of denims.
^Unfilled orders cover wool apparel (including polyester-wool) finished fabrics; produc
and stocks exclude figures for such finished fabrics. Orders also exclude bedsheeting, towej
and blanketing.
ATotal ginnings to end of month indicated, except as noted.
SURVEY OF CURRENT BUSINESS
jcember 1970
1968
ess otherwise stated in footnotes below, data
irough 1968 and descriptive notes are as shown
i the 1969 edition of BUSINESS STATISTICS
Annual
S-39
1969
1969
Oct.
Nov.
1970
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
TEXTILE PRODUCTS—Continued
COTTON— Continued
tton (excluding Hnters)— Continued
]xports
thous. bales..
mports .
do
3,870
95
2,397
46
167
13
123
6
176
1
382
3
325
8
246
4
308
7
299
2
269
2
186
2
84
1
89
3
181
'rice (farm), American upland
cents per lb...
'rice middlin^ 1" avg 12 markets
do _ _
122.0
122.9
720.8
1 22 2
21.7
21.7
21.4
21.9
20.0
22.0
19.1
22 0
20.2
22 1
20.7
22 2
21.4
22 4
22.1
22 6
22.3
22 8
22.6
23 o
22.6
23 0
21.9
23 o
22.8
COTTON MANUFACTURES
ndle activity (cotton system spindles):
.ctive spindles, last working day, total
Consuming 100 percent cotton
pindle hours operated, all fibers, total Average per working day
Consuming 100 percent cotton
-
rniL_
do
bil
do
do
20.0
13.1
128.0
.493
85.9
19.6
12.4
125.6
.476
80.9
19.7
12.6
2 12. 1
.483
2
7.7
19.7
12.6
19.6
12 4
9 4
.470
59
19.5
12 2
19.5
12 2
.475
6.0
19.6
12.4
2 10.6
.424
26.7
19.1
11 9
9 0
.451
56
19.1
11 9
210 6
.422
2
6 5
19.1
12 0
7 g
.388
4 8
19.0
11 9
86
.431
5 3
18.8
11 8
10 6
'.423
2
6 6
;ton yarn, price, 36/2, combed, knit
$ per lb_.
;ton cloth:
iotton broad woven goods over 12" in width:
Production (qtrly. )-v -_ -__mil. lin. yd.-
1.049
1.027
1.027
1.024
1.024
1.021
1.008
1.005
1.001
1.001
7,476
6,965
13.8
15.0
12.8
13.1
15.0
13.0
12.7
12.8
13.2
13.3
15.7
14.9
13.1
5.3
6.0
5.4
5.1
6.0
5.6
5.5
5.5
5.5
5.4
6.0
5.6
5.1
5.0
.40
.42
.42
.39
.42
.43
45
.44
.43
.41
.37
.38
.38
.36
256.0
559. 6
330.5
' 573. 3
29.6
43.2
39.1
48.9
34.9
44.0
28.2
52 7
23.1
49 9
29.1
52.0
28.0
40.7
25.0
52.0
21.2
42.1
19.3
52.5
16.5
37.2
18.6
37 9
23.0
35 4
37.73
43.27
93. 25 * 108. 02
59.16
64.40
44.06
107. 46
60.36
43.96
107. 87
60.71
43.92
109. 01
61.02
43.92
108. 81
61 11
43 86
108 00
60 43
43.79
106. 81
43 65
105.11
43.41
101. 65
43.33
99. 07
43.11
98.78
42.98
43 29
43 53
18.7
19.0
19.3
18.5
18.5
19.0
18.5
19.3
17 8
17.8
»15.8
915.8
915.8
Orders, unfilled, end of period, as compared with
avg. weekly production
No. weeks' prod-Inventories, end of period, as compared with
nvg. weekly production --No. weeks' prod-Ratio of stocks to unfilled orders (at cotton
mills), end of period, seasonally adjusted
Exports, raw cotton equiv
Imports, raw cotton equiv
thous. bales..
_ . . ..do.. .
Mill margins:
Carded yarn cloth average
cents perlb _
Combed yarn cloth average _ _ _ _ _ do. _
13 lends (65% polyester-35% cotton)
do
Prices, wholesale:
Print cloth, 39 inch, 68 x 72... cents per yard-Sheeting, class B, 40-inch, 48 x 44-48.. _ do
3
17.3
18.6
\NMADE FIBERS AND MANUFACTURES
5r production, qtrly. total
mil. lb__ 5, 159. 5
805.2
lament varn (ravon and acetate)
-do
739.1
aple, incl. tow (rayon). _ __
_do__ _
oncellulosic, except textile glass:
1, 662. 1
Yarn and monofilaments
do
1, 550. 4
Staple, incl. tow
do
402.7
sxtile glass
fiber
do.-_
orts: Yarns and monofilaments
thous. lb-_ 96, 390
Staple, tow, a n d tops _ _ _ _ d o _ _ 108, 253
orts: Yarns and monofilaments
do _ _ 5 59, 303
217, 707
Staple, tow, and tops
do
:ks, producers', end of period:
59.4
lament yarn (rayon and acetate)
mil. lb-_
59.0
aple, incl. tow (rayon).. __
do. _ _
oncellulosic fiber, except textile glass:
194.3
Yarn and monofilaments
do
210.9
Staple, incl. tow
. __do
47.3
Bxtile glass
fiber
do
es, manmade fibers, f.o.b. producing plant:
aple: Polyester, 1.5 denierj
$ per lb._
irn: Rayon (viscose), 150 denier..do _..
Acrylic (spun), knitting, 2/20, 3-6D..do
imade fiber and silk broad woven fabrics:
oduction (qtrlv.). total 9
mil. lin. yd-Filament yarn (100%) fabrics?
do
Chiefly rayon and/or acetate fabrics
do
Chieflv nylon fabrics
do
Spun yarn (100%) fab. ,exc. blanketing 9 .-do
Rayon and/or acetate fabrics and blends
do_._.
5, 520.2
774.4
758.8
1,368.6
183.9
187.5
1, 766. 9
1, 718. 7
501.4
435. 1
422.1
140.0
100, 539
127, 484
41, 063
159, 404
9,230
11, 799
1,003
13, 997
8,887
11,636
4,533
12, 227
8,710
13, 019
5,872
8,726
78.4
75.6
78.4
75.6
259.8
247.6
70.6
259.8
247.6
70.6
.61
.89
.61
.85
.61
.89
211 5
.466
58
.459
27 2
19.3
12 1
8 9
.447
56
1.021
1.014
1.008
.61
.89
.61
.89
1.41
1.41
12, 692
13 665
6 755
14 705
^1,336.2
179.5
141. 2
1, 290. 3
176.8
134.4
446 g
452 o
127 9
' 443. 5
447.9
124.1
442.1
424.0
113.0
15,564
16 113
8 751
13 772
r
.61
.89
12, 523
14 273
8 874
12 483
15, 212
12 980
9 085
12 028
16, 942
12, 106
11, 966
11, 168
258 6
251 3
78 4
' 281. 5
254.1
87.7
282.7
251.1
96.6
61
.89
.61
89
61
89
.61
.61
1.42
89
1.42
89
5, 396. 4
1, 690. 7
776.4
s 345. 0
2, 951. 8
1,340.7
421.0
198.5
78 Q
726.0
1 339.2
406.5
186.1
743.1
1 296 3
'382.0
171.8
70.1
737.7
678.0
1 751 9
' 629. 7
1 893 1
130.5
478 6
124.2
502.1
104.1
511.0
134.3
133 5
122 1
517.0
WOOL
1 consumption, mill (clean basis):
>parel class
rpet class..
1 imports, clean yield.
ity-free (carpet class)
_
mil. lb,.
do
do
__do
238.3
91.4
249.4
119.6
219.0
93.8
189.2
95.7
'19.5
2
9.8
1 prices, raw, clean basis, Boston:
'Od French combing and staple:
traded territory,
fine
jraded fleece, % blood _
tstralian, 64s, 70s, good topmaking
$ per lb._
do _
do
1.207
.840
1.180
1.221
.862
1.174
1.218
.850
1.175
92.6
92 3
91.0
243 3
r
222 5
7.5
4.2
14.7
6 7
17.5
1.41
1.42
7.2
16.0
58
12 9
58
1.210
.890
1.089
1.198
.890
1.075
1.185
884
6 1. 034
6 1. 014
6 1. 010
92 6
92 5
92 5
92 6
92 9
9.3
216.1
2
7.3
16.4
45 7
)OVS'. f.o.b. mill
1957-59=100
100.9
102.6
103 0
103.0
103 n
2
.evised.
1 Season average.
For 5 weeks; other months, 4 weeks.
3 Average
4
months, July-Dec.
Beginning 1969, the average omits two 6 cloths previously in;d.
s Revised total; revisions not distributed by months.
Beginning Jan. 1970,
ition7 refers to Australian wool, 64's, Type 62; comparable prices
prior to 1970 are not ayail8
Season average through Apr. 1970 for all cotton.
Omits quantities of chiefly
15.6
1K 7
1.185
QfiK
10, 690
9,659
13, 198
11, 658
77.9
72.1
5, 203. 6
1, 737. 2
779.8
8 347. 8
2, 749. 4
1.41
11, 647
11, 880
13, 836
9,310
84.5
90.3
1.42
1.41
11, 083
14, 197
15, 424
11, 425
80 6
92 0
.61
.89
2
18 8
7. 2
18. 0
6.4
2
1.110
.865
58 4
22.1
A
18.87
n
8 7
.436
5
A
18.7
n
8
7
7
.436
13.4
'1,380.1
181 7
171 7
r
9,861
13 762
5 031
16, 317
2
00
1,560
1,654
1.42
482.9
9.3
1,723
filament and spun yarn fabrics (combinations
and mixtures)
mil. lin. yd...
WOOL MANUFACTURES
ting yarn, worsted, 2/20s-50s/56s, American
item, wholesale price
1957-59—100
1 broadwoven goods, exc. felts:
Dduction (qtrly )
mil lin yd
ice (wholesale), suiting, flannel, men's and
9.5
3
1.42
15 6
5.8
12. 3
4. 7
14 1
6.6
11.3
4.3
2
16 3
6. 8
17.0
7.8
2
1.070
1.055
1.081
. 880
. 865
. 880
6 1. 019 8 1. 025 6 1. 020
93 0
93 7
94.7
43 96
10, 367
11 430
14 760
8? 187
.61
89
1.42
1.41
9 8
5. 0
5. 8
10 8
7. 5
14. 7
9.2
1.025
.880
6.982
1.025
. 880
8.952
94.7
94.7
r 2 13 3
r 2
8. 4
11. 2
7.6
.953
. 880
8.854
10 2
.925
8.760
.925
007
e.820
54.5
103 0
ins n
103 n 103.0 103 0 103.0 103.0 103. 0
9
nylon combination fabrics.
Beginning Apr. 1970, average is for cloth 38^-inch. 64 x 56,
5.50 yds./lb.; data not comparable with prices for periods prior to Apr. 1970
9 Includes data not shown separately.
J Revisions for 1967 ($ per lb.): Jan.-Dec.,
0.72; .72; .68; .68; .58; .58; .58; .58; .58; .58; .59 .60- vear. 0.62.
SUKVEY OF CURRENT BUSINESS
S-40
1968
Unless otherwise stated in footnotes below, data
through 1968 and descriptive notes are as shown
in the 1969 edition of BUSINESS STATISTICS
1969
Annual
December 197
1969
Oct.
Nov.
1970
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
TEXTILE PRODUCTS—Continued
APPAREL
225,588
Hoslerv, shipments
thous. doz. pairs
Men's apparel, cuttings: f
Tailored garments:
20, 564
Suits
thous. units
14, 237
Coats (separate) , dross and sport
do
166, 542
Trousers (separate), dress and sport ._ _ do .
Shirts (woven), dress and sport
thous. doz... 21, 573
Women's, misses', juniors' apparel, cuttings: t
22, 279
Coats
thous. units
277, 971
Dresses
<
__ _
_-do
15, 589
Blouses and shirts
thous. doz
Skirts
.
do .. 8,050
'247,148 '24,600
20,306
17, 631
17, 881
18, 511
19, 267
18, 900
18, 477
22, 403
20, 972
20, 161
20 405
20 409
21, 091
14, 353
169, 542
21, 125
1,874
1,374
14, 281
2,044
1,697
1,119
14, 104
1,868
1,395
1,070
11,538
1,773
1,540
1,036
13, 730
1,791
1,489
928
13, 890
1,985
1,614
1,013
15, 299
1,972
1,571
1,092
16, 140
2,005
1,503
1.022
14, 694
1,867
1,267
992
14, 578
1,993
838 r 1, 220
573
752
13, 455 ' 14, 987
1,517 ' 1, 822
1 258
825
15, 329
1,879
1 382
899
15 522
2,211
21, 664
266,856
14, 425
8,443
2,299
23, 135
1,540
792
1,933
18,996
1,305
549
1,640
17,621
1,096
486
1,712
19,259
1,220
643
1,522
21, 912
1,357
558
1,207
23,162
1,348
683
992
22, 894
1,293
571
1,191
20, 055
1,153
572
1,549
21, 770
1,236
676
1,474
1,569
18, 261 ' 18, 352
1,097
••966
610
M90
1,542
18, 382
1,047
481
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders new (net), qtrly total
TJ S. Government
Prime contract.Sales (net) receipts or billings Qtrly. total
U S Government
mil. $
do
do
do
do
Backlog t)f orders end of period 9
do
U S. Government
do
Aircraft (complete) and parts
do
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, propulsion units, and parts
mil $
Other related operations (conversions, modifications), products, services
mil. $
Aircraft (complete) :
Shipments ©
Airframe weight © .
Exports commercial
27,168
16,577
24,575
25, 592
16, 635
22,005
14, 521
19, 289
24, 648
16, 560
5 616
3 723
4,949
6 609
4 545
4,698
2,928
4,036
5,976
3,907
4 526
3 400
4,051
6 484
4 188
30,749
16,343
28 297
14, 298
15,610
3,578
28 297
14 298
15,610
3 578
27 124
13,434
14, 821
3,343
r
25 190
r
!2 640
T
5,083
4,338
4 338
4,236
r
3 828
4 471
2,834
2,881
2 881
2,779
r
2 699
2 766
16,608
3,951
do
thous. Ib
mil $
6 411
5 096
5,991
6 002
4 032
25
13
13
2
13, 865
r 2 969
599
704
766
758
4, 355. 1 3, 593. 4
60, 117
76, 202
1 403 1 1, 239. 2
249.6
4,151
107.4
224.7
3,438
71 6
342.6
5 464
143 0
209.6
3,389
156 6
326.4
5,037
159 9
341.5
5,971
162 2
429.7
6,899
159 5
419.1
7,116
240 5
208.5
3 236
96 5
288.2
4,495
123 8
'304.3
' 4, 974
55 2
215.6
3 850
51 9
329.2
5 758
101 2
10,146.9
9, 587. 7
8, 223. 7
7, 806. 5
1, 923. 2
1,781.2
1,049.5
996.7
856.8
815.6
192.7
181.0
856.4
808.6
682.1
644.0
174 3
164.5
790.6
743 4
624 0
588 8
166 7
154 6
719.1
683.5
571.4
545.0
147.7
138.5
689.2
650.8
555.2
528.4
134.1
122 A
776.9
732.2
626.2
594.4
150.7
137.8
807.5
760.9
661.3
627.2
146.2
133.7
890.1
839.5
724.4
684.4
165.7
155.1
991.0
931.0
805.3
758.4
185 7
172.6
627.5
600.5
481.6
464.3
145.9
136.2
413.4
384 4
272.4
254.0
141 0
130.4
632.0
582 2
493 6
454.2
138 4
128 0
501.4
465 6
392 5
365.4
108 9
100 1
9,582
8,464
1,118
924
817
107
9.8
721
639
83
9.0
624
539
85
8.5
686
598
88
9.2
745
646
99
8.6
798
691
107
9.0
811
699
112
9.0
638
526
112
8.9
12
1.1
1.2
11
1.2
13
922
800
122
9.4
8. 1
13
763
641
122
'9.1
1.2
797
706
91
9.3
8. 1
12
14
1.3
580
489
91
8.8
7. 8
10
754
630
125
7.4
6. 0
14
1,440
1 668
1 452
1 603
1 467
1 542
1,563
1 481
1,555
1 428
1,573
1 420
1,578
1 428
1 632
1 458
1 674
1 483
1,509
1 504
1,269
1 521
1,261
1 496
1,053
1 280
2 3
2 4
o 4
2 4
2.2
2 3
2 2
2 3
2 2
2 3
2 4
2 3
2 6
34.47
28.30
8.87
32 84
27 92
7 48
30.39
25 96
8.33
18 76
14 64
6 40
19.19
15.44
8.66
18.40
13 98
10.61
35 85
32 16
8.81
33 11
30 04
8 79
39 08
36 40
8.68
16 83
14 70
7.69
13 89
12 55
7.46
31.72
28 46
6.20
21.10
15.98
6.06
177. 66
76.61
13.94
154.02
70 84
3 86
165. 11
73 25
13.90
177.06
59 19
12.04
167.79
61.35
10.29
177. 07
70 00
9.99
205. 72
74 17
9.85
174. 73
74 36
10 13
187. 76
79 is
10.52
150.64
46 86
4 05
MOTOR VEHICLES
Factory sales (from plants in U.S.), total
Domestic .
Passenger cars, total
Domestic
__ _
Trucks and buses, total
Domestic. ._
thous._
do
do -.do .
do
do
10, 718. 2
10, 172. 2
8, 822. 2
8, 407. 1
1, 896. 1
1, 765. 1
Retail sales, new passenger cars : *
Total, not seasonally adjusted. _
thous..
DomesticsA
do
Imports A --- do
Total, seasonally adjusted at annual rates. ..mil. .
Imports A
9,656
8,625
1,031
do
Retail inventories, new cars (domestics), end of
period: *A
Not seasonally adjusted
thous . .
Seasonally adjusted
do
1,449
1,525
1,467
1,542
Inventory-sales ratio, new cars (domestics)* A
ratio
Exports (Bureau of the Census):
Passenger cars (new), assembled. .
thous
330. 46
333. 45
To Canada. _
.
do
286. 78
292.11
92.03 3 103. 23
Trucks and buses (new), assembled..- . do --Imports (Bureau of the Census):
Passenger cars (new), complete units
do
11,620.45
1,846.72
1
500. 88
From Canada, total
do
691 15
Trucks and buses, complete units ... - do i 114.65
146. 01
Truck trailers (complete), shipments. . .number
Vans
do
Trailer bodies and chassis (detachable), sold
separately
number
Registrations (new vehicles): O
Passenger cars
Import cars.
Trucks
thous
do
do
138, 347
94 808
12,359
8 761
10, 768
7 754
9,899
6,556
10,004
6 795
9,824
6 547
10,253
7,237
9,095
6 062
9 871
7 057
8,679
5 630
8,387
5 880
7,692
4 953
9,081
6 013
33 761
33 332
3,532
3 727
4,039
3 461
3,947
3,300
2 189
2 056
2 293
1 590
1 874
1 393
19,403.9
9, 446. 5 5 955. 6 5 757. 5 * 5Q12. 5 5 5619. 1 « 578. 4
1
985 8 1 061 6 5 112 6
5 93 6 * *101 7
81 8 6 «73.8
124. 4
l 775 6 1 888 8 * 174. 4 5 146 8 * &185 0 5 130 9
7
741. 1 5 768. 4
99 8 5 100 0
155 2 5161 9
7
7
28!
1
1
95.14 ' 167. 62 168. 68
56.75
19 01 r 48 58
16.82
4.40
10.05
113, 928
75 148
l
246!
237!
5
5
784. 4
104 2
5 158 9
5900.9 5 837. 7 s 683. 2 55 612. 1
s iig 6 5 112 2 s 109 9
102 8
5
176 6 5 179 4- 5 159 4 5 153 3
7
7
7
719. 0
112 6
154 2
....
RAILROAD EQUIPMENT
Freight cars (ARCI & AAR):
Shipments cf
number.. 56, 262
Equipment manufacturers .
do
38, 991
» 63, 561
New orders cf1..,
do
i 49, 391
Equipment manufacturers
.
- do
Unfilled orders, end of period cf
do
31 740
24, 540
Equipment manufacturers
do __
Freight cars (revenue), class 1 railroads (AAR):§
1,458
Number owned, end of period
- . thous..
5.2
Held for repairs, % of total owned
Capacity (carrying), aggregate, end of period
93.82
mil. tons.Average per car
... - tons-.
64.34
68, 452
54, 072
84, 345
65, 401
46 751
35, 508
6,972
5,181
3,782
3,148
42,043
36, 920
6,273
4,941
8,264
3,456
43460
35,361
5,765
4,640
9,022
4,753
46 751
35, 508
4,282
3,484
2,032
2,032
44 201
33,756
5,755
4,859
3,632
3,236
40, 704
30, 759
6,632
5,386
3,080
1,948
36 426
26, 595
6,448
4,800
5,501
5,501
34, 491
26, 308
5.832
4 227
2 387
2,218
31 046
24, 299
6,115
4 478
5 218
3,487
30 149
23, 308
5,446
4,457
4,340
4,226
29, 040
23, 074
5,164
4,127
2,148
2,148
25, 782
20, 853
6,147
4,922
2,073
1,726
21, 672
17, 621
4,675
3,787
3,053
2,516
20, 049
16, 349
1,438
5.6
1,440
5.5
1,440
5.5
1,438
5.6
1,438
5.7
1,435
5.6
1,434
5.7
1,435
5.6
1,434
5.7
1,433
5.5
1,433
5.6
1,433
5.8
1,431
6.0
1,427
5.9
94.37
65.62
94.22
65.45
94.38
65.23
94.37
65.62
94.45
65.69
94.45
65.80
94.52
65.91
94.76
66.05
94.85
66.15
95.32
66.52
95.46
66.63
95.77
66.81
95.78
66.96
95.62
67.01
2
'Revised.
1 Annual total includes revisions not distributed by months.
Preliminary
4
estimate of production.
3 Beginning 1969, data exclude
vehicles on runners and 6skis.
In5
cludes delayed registrations
for
several
States.
Omits
data
for
one
State.
Omits data
7
for three States.
Omits data for two States.
f Revisions (1968-69) are available.
*New series. Data from Automobile Manufacturers Association and other industry sources;
seasonal adjustments by OBE. For earlier data, see p. 43, Dec. 1970 SURVEY.
ADomestics include U.S.-type cars produced in the United States and Canada; imports
cover foreign-type cars only and exclude domestics produced in Canada.
^Beginning May 1969, data (American Railway Car Institute and Association of Amer:
Railroads) refer to new cars for domestic users; cancellations are not reflected.
9 Total includes backlog for nonrelated products and services and basic research.
©Data include military-type planes shipped to foreign governments.
O Courtesy of R. L. Polk & Co.; republication prohibited.
§ Excludes railroad-owned private refrigerator cars and private line cars.
INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
1-7
7-9
9,10
11,12
Labor force, employment, and earnings
Finance
Foreign trade of the United States
Transportation and communications
13-16
16-21
21-23
23,24
Industry:
Chemicals and allied products
Electric power and gas
1 and kindred products; tobacco
Food;
Leather and products.
24,25
25,26
26-30
Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
31
31-34
34-36
36,37
Rubber and rubber products
Stone, clay, and glass products
Textile products.
Transportation equipment
37
38
38-40
40
30
INDIVIDUAL SERIES
Advertising
11,16
Aerospace vehicles
40
Agricultural loans
16
Air carrier operations
23
Aircraft and parts
4,6,7,40
Alcohol, denatured and ethyl.
25
Alcoholic beverages
11,26
Aluminum
33
Apparel
1,3,4,8,9,11-15,40
Asphalt and tar products
35,36
Automobiles, etc
1,3-6,8,9,11,12,19,22,23,40
2,3
Balance of international payments
16,17
Banking.. . .
27
Barley
34
Battery shipments
28
Beef and veal
Beverages
4,8,11,22, 23.26
5-7
Blast furnaces, steel works, etc
18-20
Bonds, outstanding, issued, prices, sales, yields
33
Brass and bronze
38
Brick
20
Broker's balances
6,7,
Building and construction materials... .
9,10,31 36,38
10
Building costs.
10
Building permits.
7
Business incorporations (new), failures.
5
Business sales and inventories
26
Butter
Cattle and calves
28
Cement and concrete products
9,10,38
Cereal and bakery products
8
Chain-store sales, firms with 11 or more stores. . .
12
Cheese
26
Chemicals
4-6,8,13-15,19,22-25
Cigarettes and cigars
30
Clay products
9,38
Coal
4,8,22,34,35
Cocoa
23,29
Coffee
23,29
Coke
35
Communication
2,20,24
Confectionery, sales
29
Construction:
Contracts
10
Costs
10
Employment, unemployment, hours, earnings. . 13-15
Fixed investment, structures
1
Highways and roads
9,10
Housing starts
10
Materials output indexes
10
New construction put in place.
9
Consumer credit
17,18
Consumer expenditures.
1
Consumer goods output, index
3,4
Consumer price index
8
Copper
33
Corn
27
Cost of living (see Consumer price index)
8
Cotton, raw and manufactures
7,9,22,38,39
Cottonseed cake and meal and oil
30
Credit, short- and intermediate-term
17,18
Crops
3,7,27,30,38
Crude oil and natural gas
4,35
Currency in circulation
19
Dairy products
Debits, bank
Debt, U.S. Government
Department stores
Deposits, bank.
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields
Drug stores, sales
3,7,8, 26,27
16
18
11,12
16,17,19
16
26
2,3,19-21
11,12
Earnings, weekly and hourly
15
Eating and drinking places
11,12
Eggs and poultry
3,7,8,28,29
Electric power
4,8,25,26
Electrical machinery and equipment
4-7,
9,13-15,19,22,23,34
Employment estimates
13-15
Employment Service activities
16
Expenditures, U.S. Government
18
Explosives
25
Exports (see also individual commodities)
1,2,21-23
Express operations
23
Failures, industrial and commercial
7
Farm income, marketings, and prices
2,3,7,8
Farm wages
15
Fats and oils
8,22,23,29,30
Federal Government
finance
18
Federal Reserve banks, condition of
16
Federal Reserve member banks
17
Fertilizers
8,25
Fire losses
10
Fish oils and
fish
29
Flooring, hardwood
31
Flour, wheat
28
Food products
1,4-8,11-15,19,22,23,26-30
Foreclosures, real estate
10
Foreign trade (see also individual commod.)
21-23
Foundry equipment
34
Freight cars (equipment)
4,40
Fruits and vegetables.
7,8
Fuel oil
35,36
Fuels
4,8,22,23,34-36
Furnaces
34
Furniture
4,8,11-15
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gross national product
Gross private domestic investment
Gypsum and products
4,8,26
1,35
38
25
19
7,8,22,27,28
11,12
1
1
9,38
Hardware stores
11
Heating equipment
9,34
Hides and skins
9,30
Highways and roads..
9,10
Hogs
28
Home electronic equipment
8
Home Loan banks, outstanding advances
10
Home mortgages
10
Hosiery
40
Hotels
24
Hours of work per week
14
Housefurnishings
1,4,8,11,12
Household appliances, radios, and television sets.
4,
8,11,34
Housing starts and permits
10
Imports (see also individual commodities)... 1,2,22,23
Income, personal
2,3
Income and employment tax receipts
18
Industrial production indexes:
By industry
3,4
By market grouping
3,4
Installment credit
12,17,18
Instruments and related products
4-6,13-15
Insurance, life
18,19
Interest and money rates
17
Inventories, manufacturers* and trade
5,6,11,12
Inventory-sales ratios
5
Iron and steel
4-7,9,10,19,22, 23,31,32
Labor advertising index, strikes, turnover.
16
13
Labor force
Lamb and mutton
28
28
Lard.
33
Lead.
Leather and products
4,9,13-15,30
Life insurance
18,19
Linseed oil
30
Livestock
3,7,8,28
Loans, real estate, agricultural, bank, brokers*
(see also Consumer credit)
10,16,17,18,20
Lubricants
35,36
Lumber and products
4,9,10-15,19,31
Machine tools
34
Machinery
4-7,9,13-15,19,22,23,34
Mail order houses, sales
11
Man-hours, aggregate, and indexes
14
Manmade fibers and manufactures
9,39
Manufacturers* sales (or shipments), inventories,
orders
5-7
Manufacturing employment, unemployment, production workers, hours, man-hours, earnings. . . 13-15
Manufacturing production indexes
3,4
Margarine
29
Meat animals and meats
3,7,8,22,23,28
Medical and personal care
8
Metals
4-7,9,19,22,23,31-33
Milk
27
Mining and minerals
2-4,9,13-15,19
Monetary statistics
19
Money supply
19
Mortgage applications, loans, rates
10,16,17,18
Motor carriers
23,24
Motor vehicles
1,4-6,8,9,11,19,22,23,40
Motors and generators
34
National defense expenditures
1,18
National income and product
1,2
National parks, visits
24
Newsprint
23,37
New York Stock Exchange, selected data
20,21
Nonferroufl metals
4,9,19,22,23,33
NoninstaUment credit
18
Oats
27
Oil burners
34
Oils and fats
8,22,23,29,30
Orders, new and unfilled, manufactures'
6,7
Ordnance
13-15
Paint and paint materials
Paper and products and pulp.
8,25
4-6,
9,13-15,19,23,36,37
Parity ratio
7
Passports issued.
24
Personal consumption expenditures
1
Persona] income
2,3
Personal outlays
2
Petroleum and products
4-6,
8,11-15,19,22,23,35,36
Pig iron
31,32
Plant and equipment expenditures
2
Plastics and resin materials
25
Population
13
Pork
28
Poultry and eggs
3,7,8,28,29
Prices (see also individual commodities)
7-9
Printing and publishing
4,13-15
Private sector employment and earnings
13-15
Profits, corporate
2,19
Public utilities
2-4,9,19-21,25,26
Pulp and pulpwood
36
Purchasing power of the dollar
9
Radiators and convectors
34
Radio and television
4,11,34
Railroads
2,15,16,20,21,24,40
Railways (local) and bus lines.
23
Rayon and acetate
39
Real estate
10,17,18
Receipts, U.S. Government
,
18
Recreation
8
Refrigerators and home freezers
34
Rent (housing)
8
Retail trade
5,7,11-15,17
Rice
27
Roofing and siding, asphalt
36
Rubber and products (incl. plastics)
4-6,
9,13-15,23,37
Saving, personal
Savings deposits
Securities issued
Security markets
Services
Sheep and lambs
Shoes and other footwear
Silver
Soybean cake and meal and oil
Spindle activity, cotton
Steel (raw) and steel manufactures
Steel scrap
Stock prices, earnings, sales, etc
Stone, clay, glass products
Stoves and ranges
Sugar
Sulfur
Sulfuric acid
Superphosphate
2
17
19,20
20,21
1,8,13
28
9,11,12,30
19
30
39
22,23,31,32
31
20,21
4-6,9,13-15,19,38
34
23,29
25
24
25
Tea imports
29
Telephone and telegraph carriers
24
Television and radio
4,11,34
Textiles and products.... 4-6,9,13-15,19,22,23,38-40
Tin
33
Tires and inner tubes
9,11,12,37
Tobacco and manufactures
4-7,9,11,13-15,30
Tractors
34
Trade (retail and wholesale)
5,11,12
Transit lines, local.
23
Transportation
1,2,8,13,23,24
Transportation equipment
4-7,13-15,19,40
Travel
23,24
Truck trailers
40
Trucks (industrial and other)
34,40
Unemployment and insurance
U.S. Government bonds
U.S. Government
Utilities
13,16
16,17,20
finance
18
2-4,9,19-21,25,26
Vacuum cleaners. . ,
Variety stores
Vegetable oils
Vegetables and fruits
Veterans' benefits
Wages and salaries
Washers and dryers
Water heaters
Wheat and wheat
Wholesale price indexes
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc.
34
11,12
29,30
7,8
16
flour
2,3,15
34
34
i S
i'-'-ii *» \c
5,7,11,13-15
36
9,39
33
UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
WASHINGTON, D.C. 20402
OFFICIAL BUSINESS
Volume 50
Number 12
197O CONTENTS—SURVEY
DOMESTIC ECONOMY
The Economy in 1969
Business Investment Expectations, 1970....
Revised Estimates of New Plant and Equipment Expenditures in the United States,
1947-69: Part 1
Federal Programs for Fiscal 1971
Revised Estimates of New Plant and Equipment Expenditures in the United States,
1947-69: Part II
Manufacturers' Inventory and Sales Expectations, First Half 1970
Business Investment and Sales Expectations, 1970
1969 GNP by Major Industry
Alternative Estimates of Fixed Business
Capital in the United States, 1925-1968. . .
Recent Trends in Auto Demand
Recent Financial Developments
Treatment of the Retroactive Features of the
Federal Pay Raise and the Allocation of
Special Drawing Rights in the National
Income and Product Accounts
Public and Private Debt (data)
Wages Under Collective Bargaining in 1970..
The Relationship Between Personal Income
and Taxable Income
Trends in Housing Starts
Federal Budget Revisions
Plant and Equipment Expenditure Expectations, Second Quarter and Second Half
1970
Manufacturers' Inventory and Sales Expectations: Second and Third Quarters 1970.
Labor Force Developments
U.S. National Income and Product Accounts, 1966-69 (data)
Alternative Measure of Price Change for
GNP, 1967-70
Trends in Commercial Paper
Plant and Equipment Expenditure Expectations, Second Half 1970
Manufacturers' Inventory and Sales Expectations, Second Half 1970
Industrial Impacts of Residential Construction and Mobile Home Production
Revised Estimates of Retail and Total
Business Inventories (data)
Productivity, Labor Costs, and Profits
Sources and Uses of Funds, Nonfarm Nonfinancial Corporations, 1967-70 (data)
OF CURRENT
BUSINESS
DOMESTIC ECONOMY—Con.
No.
1
Page
11
1
24
1
2
25
12
2
19
3
12
3
4
14
11
4
5
5
18
3
4
5
5
5
13
14
15
5
6
6
19
4
6
6
15
6
7
21
3
7
13
8
9
12
4
9
15
9
18
10
14
10
11
38
2
11
20
Plant and Equipment Expenditures Expectations, 1970 and First Half 1971
Manufacturers' Inventory and Sales Expectations, Fourth Quarter 1970 and
First Quarter 1971
National Income and Product Accounts:
Supplementary Historical Statistics
INTERNATIONAL
No.
Page
12
12
12
16
12
44
TRANSACTIONS
The Balance of Payments in 1969
Plant and Equipment Expenditures by
Foreign Affiliates of U.S. Corporations—
Revised Estimates for 1969 and 1970
The U.S. Balance of Payments: Fourth
Quarter and Year 1969
The U.S. Balance of Payments: First Quarter 1970
International Travel and Transportation in
the U.S. Balance of Payments: 1969
Plant and Equipment Expenditures by Foreign Affiliates of U.S. Corporations, 196971
The U.S. Balance of Payments: Second
Quarter 1970
U.S. International Transactions: Quarterly
Data, 1955-59, for Tables 1, 2, and 3
Sales of Foreign Affiliates of U.S. Firms,
1961-65, 1967 and 1968
The International Investment Position of
the United States: Developments in 1969.
Sources and Uses of Funds of Foreign Affiliates of U.S. Firms, 1967-68
The U.S. Balance of Payments: Third Quarter 1970
No.
Page
1
21
3
21
3
25
6
23
7
51
9
21
9
26
9
49
10
18
10
21
11
14
12
18
REGIONAL ECONOMICS
State Personal Income, Third Quarter 1969..
State Personal Income in 1969 (Preliminary).
Personal Income in Metropolitan and Nonmetropolitan Areas
State Personal Income, First Quarter 1970..
Geographic Trend in Personal Income in the
1960's
State Personal Income, 1967-69
State Personal Income, Second Quarter
1970
No.
1
Page
4
23
14
5
7
22
3
8
8
14
33
10
@FedFRASER