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DECEMBER 1975 / VOLUME 55 NUMBER
12
SURVEY OP CURRENT BUSINESS
CONTENTS
U.S. Department of Commerce
THE BUSINESS SITUATION
Rogers C. B. Morton / Secretary
Announcement to Users of GNP Estimates
1
National Income and Product Tables
3
Capital Expenditures Expected To Rise
Through Second- Quarter 1976
7
Balance of Payments:
Third Quarter 1975
13
James L. Pate / Assistant Secretary
for Economic Affairs
Bureau of Economic Analysis
George Jaszi / Director
Morris R. Goldman / Deputy Director
SURVEY OF CURRENT BUSINESS
Editorial Board: Jack J. Bariie, John E. Cremeans,
Donald A. King, Martin L. Marimont, Beatrice
N. Vaccara, Charles A. Waite, Allan H. Young
Editor: Dannelet A* Grosvenor
Statistics Editor: Leo V. Barry, Jr.
Graphics Editor: Billy Jo Hurley
Staff Contributors in This Issue: Carol S. Carson,
John T. Woodward
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index (inside Back Cover)
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Baltimore, Md. 21202
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Birmingham, Ala. 35205
908 S. 20th St. 254-1331.
Boston, Mass.
02116
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Buffalo, N.Y. 14202
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Charleston, W. Va. 253O1
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Richmond, Va. 2324O
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Salt Lake City, Utah. 84138
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San Francisco, Calif. 94102
450 Golden Gate Ave. 556-5860.
San Juan, Puerto Rico O0902
100 P.O. Bldg. 723-4640.
the BUSINESS SITUATION
THE rate of increase in real GNP
slowed in the fourth quarter to roughly
half that recorded in the third. As had
been widely expected, the extraordinary
lift given to real GNP in the third
quarter by the reduction in the rate of
inventory liquidation was not repeated
in the fourth.
Real final purchases of GNP appear
to have increased at about the same rate
as in the third quarter. In that quarter,
they had been held down by an extraordinarily large increase in imports;
imports are netted out of final purchases
and GNP. The increase in demand for
goods and services produced in the
United States—measured as the sum of
personal consumption expenditures
(PCE), fixed investment, government
purchases, and total exports before the
netting out of imports—was accordingly
larger than the increase in final purchases in the third quarter. In the fourth
quarter, the increase in such demand
appears to have been smaller than in the
third.
GNP prices appear to have increased
at roughly the same rate as in the third
quarter after allowance is made for the
Federal pay raise, which increased
their average by half a percentage
point.
All of these conclusions are tentative. added $2 billion at an annual rate in
Most of the source data are preliminary, October and $0.3 billion in November,
and available only for 2 months of the evened out a dip in the October increase
fourth quarter. For inventories and in private wages and salaries. On the
foreign trade—particularly volatile basis of reasonable assumptions for
items—and for consumer prices, they December, fourth-quarter personal income increased roughly 11 percent, a
are available for only 1 month.
little less than in the third quarter.
The unemployment rate rose in
October to 8.6 percent and fell back to Fourth-quarter disposable income in8.3 percent in November, about the creased about in line with personal
same as in the third quarter, during income, in contrast to the third quarter,
which it had held steady. As measured when it had remained almost flat.
in the establishment survey, increases Third-quarter disposable income had
in employment tapered in October and been held down largely because of the
November, after steady increases during rebound of taxes from the one-time
the third quarter. The household-based rebate paid in the second quarter.
The increase in both current- and
employment series moved more irregularly, but conveys essentially the constant-dollar PCE was smaller in the
fourth quarter than in the third. The
same picture of little recent growth.
major factor in the deceleration was
Personal income and outlay
expenditures on autos. These expendiPersonal income increased less in tures appear to have weakened slightly,
October and November than in the 2 after a strong increase from the second
preceding months. The smaller in- quarter to the third. Real nondurable
creases largely reflect a reversal in farm PCE appears to have accelerated modproprietors' income; those incomes had erately in the fourth quarter; it is likely
increased very sharply during the third that prices of food and energy increased
quarter but declined in October and less in the fourth quarter than in the
November. Wages and salaries con- third. However, the better performance
tinued to increase at a fairly steady of nondurables did not prevent the
rate. The Federal pay raise, which deceleration in the real PCE total.
ANNOUNCEMENT TO USERS OF GNP ESTIMATES
Publication of the benchmark revisions of the National Income and Product Accounts has been postponed until January 1976. The revised
figures will be published in the January SURVEY OF CURRENT BUSINESS, which will appear in two parts. It will contain an article describing
these revisions and tables showing seasonally adjusted quarterly estimates and corresponding annual estimates for 1946-75; most of the
tables will appear in Part II. Part I will reach you according to the normal schedule, and Part II will reach you about 3 weeks later. A
limited number of advance copies of the article and the tables will be available for purchase. Mail your order to the National Income and
Wealth Division, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, D.C. 20230, with a check for $25.00 payable
to the Bureau of Economic Analysis. The orders will be filled in January when the benchmark revisions are released.
SUEVEY OF CURRENT BUSINESS
As in earlier quarters of this year, the policy has removed the immediate
increases in consumer outlays were threat of disintermediation; it does not
much smoother than those in disposable appear that financial stringency will
income. The pattern of personal saving interfere with the recovery in the short
was quite irregular as a consequence. run.
In the fourth quarter, saving increased
after declining in the third; the positive Corporate profits
swing was large, although not nearly as
Given the slower GNP growth, it
large as the negative swing of $67 is unlikely that the spectacular thirdbillion in the third quarter.
quarter increase in profits was repeated
in the fourth quarter. Profits before
Residential investment
tax, which include inventory profits,
Real investment in residential struc- increased $21% billion in the third
tures increased even more sharply in quarter. Profits from current producthe fourth quarter than in the third, tion, that is, profits excluding inventory
which was the initial quarter in the profits (which are measured by the
ongoing recovery in residential con- inventory valuation adjustment with
struction. Housing starts had held at sign reversed), increased $18 billion
about 1% million units (seasonally ad- (table 1). The increase was in nonjusted annual rate) from July through financial domestic profits. ManufacSeptember. They rose sharply in Octo- turing profits increased about $10%
ber, to a rate of nearly 1% million units, billion; durables accounted for $8%
but fell off in November. Permits, billion of this increase, of which $4
billion, in turn, was in motor vehicles.
which had shown little change from In nondurables, a small decline in
July through October, increased in petroleum refining was more than offNovember. On balance, the recent set by increases in other nondurables.
course of starts and permits indicates Trade profits were up sharply, and
a continuation of the construction re- smaller increases were registered in
covery. The recent easing of monetary transportation and utilities.
December 1975
Business fixed investment
After a slide that terminated in the
second quarter, real investment remained flat in the third and fourth
quarters. Flatness characterized the
structures and equipment components
as well. In the third and fourth quarters, changes in the vehicle and nonvehicle parts of the latter were largely
offsetting.
The outlook for business investment
remains quite uncertain. An increase
in the utilization of manufacturing
capacity (discussed elsewhere in this
issue of the SURVEY), and recent
increases in corporate profits are favorable elements. On the other hand,
business plans for the first half of 1976
indicate little change in investment.
Supplementary information from the
plant and equipment survey corroborates this conclusion. Manufacturers 7
evaluations of the adequacy of their
plant and equipment facilities do not
indicate renewal in the strength of
investment, nor does information on
starts and carryovers, except for
utilities.
Table 1.—Corporate Profits and Inventory Valuation Adjustment
[Billions of dollars, seasonally adjusted at annual rates]
19 74
19 73
All industries, total-
III
II
I
1975
IV
I
II
III
IV
III
II
I
123.0
103 9
105 0
105 2
106.4
107 7
103.4
94.3
104.9
7 o
7 4
8 0
13 2
105 6
7 9
105 8
7 0
88
9.6
4.6
5.5
5 9
96 9
98 0
97 9
98 3
94.5
97 7
97 1
93 8
89 7
99.4
117.1
Financial institutions _ . .
18 7
19.4
19 8
20 4
20 8
20 7
20.7
20.9
20.7
20.8
20.1
Nonfinancial corporations
78.2
78.6
78 1
77.9
73.8
77.0
76.4
72.9
69.0
78.6
97.0
48 6
48 4
47 1
46.4
46 2
46 8
48 6
46.3
41 1
48 3
58.9
20 9
21 5
21 4
22 1
26 9
29 7
33.3
30.1
27.3
30.4
32.6
4.8
16 1
55
16 0
53
16 0
4 9
17 2
7 5
19 4
10.0
19 7
13.6
19.7
9.4
20.6
7.0
20.3
8.7
21.7
7.7
24.9
27.6
26.9
25.7
24.3
19.3
17.1
15.3
16.2
13.8
18.0
26.3
7.9
19.7
7 4
19.5
51
20.7
38
20.5
2
19.1
1.0
16.1
1.1
14.2
-.1
16.3
-3.0
16.7
-.3
18.3
3.5
22.8
18.0
Rest of the world
Domestic .
M anufacturing
Nondurable goods
Petroleum refining. _
Other nondurable goods Durable goods
.. .
Motor vehicles and equipmentOther durable goods
_.-
..
-.
__.
12.9
13.8
13,0
13.9
12.6
13.5
9.8
9.4
12.0
13.3
Transportation .
1.8
1.3
1l
15
11
21
2.3
.5
-.2
.7
2.8
C ommunicat ion
36
36
39
36
34
34
3.3
3.9
2.9
3.8
4.0
Electric, gas, and sanitary services-
4.1
3.8
4.5
4.2
2.5
2.6
3.0
3.1
4.2
3.6
4.7
All other nonfinancial. _
7 3
76
8 4
84
7.9
8.6
9.4
9.7
9.0
8.9
8.7
Trade..
...
... .
SURVEY OF CURRENT BUSINESS
December 1975
NATIONAL INCOME AND PRODUCT TABLES
1975
1974
1973
II
1974
rv
III
I
1974
III
II
1973
II
1974
IV
III
Seasonally adjusted at annual rates
1975
I
II
III
Seasonally adjusted at annual rates
Billions of current dollars
Billions of 1958 dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
1, 294. 9 1, 397. 4 1, 383. 8 1,416.3 1, 430. 9 1,416.6 1,440.9 1, 504. 4
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential structures
-.
Nonfarm
Farm
Nonfarm
Farm
-
....
.
780 0
783 6
808.6
938.6
968.8
552.1
539.5
542.7
547.2
528 2
531 5
539 7
548 6
127.5
380.2
369.0
129.5
375.8
363.8
136.1
389.0
376.2
120.7
391.7
383.5
124.9
398.8
389.5
130.6
410.1
397.9
138.6
422.7
407.5
113.6
228.6
209.9
103.1
223.7
212.6
106.8
223.6
212.2
107.8
225.8
213.7
92.8
221.4
214.1
95.2
222 5
213 7
97.9
226 4
215 5
103 2
228 1
217 3
209 4
211 8
205.8
209.4
163.1
148.1
179.1
138.1
126 7
130 3
122 7
120 5
89 3
80 7
97 5
195.2
198.3
197.1
191.6
182.2
179.1
184.6
127.3
118.0
122.2
117.7
109.6
101 0
97.8
99 g
136.8
47.0
89.8
57.2
56.7
149.2
52.0
97.1
46.0
45.2
149.4
52.2
97.2
48.8
48.0
150.9
51.0
99.9
46.2
45.4
146.9
52.8
94.2
35.3
34.8
.7
.5
142.7
49.1
93.6
36.4
35.6
143.6
49.6
94.0
41.0
40.0
94.4
25.4
69.0
32.9
32.6
94.0
26.2
67.8
24.0
23.6
1.0
.3
.4
96.5
26.6
69.9
25.7
25.3
94.1
25.4
68.7
23.6
23.1
89.2
26.1
63.1
20.4
20.1
.8
.8
151.2
53.7
97.5
40.4
39.7
83 8
25.2
58 6
17 3
17.0
80 3
23.5
56 8
17 5
17.1
80
23
56
19
19
14.2
11.9
8.7
6.6
2.1
17.8
17.5
-31.0
-30.6
—5 5
-7.2
10 8
8 2
50
6.4
1.8
3.9
1.1
10 9
10.7
11 7
.3
—19.2
-17.8
-1.4
—17 1
—16.8
— 2
.7
.
.4
.4
2
.4
4
5
2 3
—3 2
1.8
8.9
1.8
16.2
13.0
4.6
9.0
8.2
7.3
9.1
11 6
14 0
12 4
142.2
133.4
136.0
119.8
142.7
129.8
66.6
62.0
71.9
62.9
73.4
65.1
70.9
63.6
69.9
60.9
66 5
54 9
63 3
49 4
66 4
54 o
323.8
331.6
338.1
343.5
144.4
146.0
145.8
145.9
146 3
147 7
149 2
150 1
124.5
84.0
40.6
199.3
126.5
84.7
41.8
205.1
128.4
84.8
43.6
209.7
130.5
86.1
44.4
213.0
57.3
56.5
56.3
56.5
57.0
57.4
58.3
58 9
87.0
89.5
89.5
89.4
89.3
90 2
90 9
91 2
4.0
2.3
2.1
—1 5
-3.1
1.9
8.8
100.4
96.4
140.2
138.1
138.5
140.0
143.6
146.7
147.5
145.7
309.2
304 4
312.3
106.6
74.4
32.2
169.8
- --
Government purchases of goods and services
.8
4
6
8
4
0
8.7
7.4
1.2
13 5
10.4
31
276.4
-
.-
Federal
National defense
Other
State and local
804.0
913.2
3.9
-
.
823.1
895.8
.5
Net exports of goods and services
Exports
Imports
827.1
901.3
15 4
11.4
Durable goods
Nondurable goods
Services
821.2
869.1
194.0
-
876.7
209.4
--
839.2
805.2
130.3
338.0
336.9
Gross national product
Personal consumption expenditures
116.9
78.7
38.2
192.3
114.3
76.6
37.7
190 1
117.2
78.4
38.8
195.1
-.4
.2
— IO!Q
— 8
9
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product
- - 1,294.9 1, 397. 4 1,383.8 1, 416. 3 1, 430. 9 1,416.6 1,440.9 1, 504. 4
839.2
821.2
827.1
823.1
804 0
780 0
783.6
808 (
1,279.6 1, 383 2 1 370.3 1, 407. 6 1, 413. 1 1 435.8 1,471.9 1, 509. 8
15.4
14.2
8.7
17.8 -19.2 -31.0
-5.5
13.5
-
Final sales
Change in business inventories
828.4
10.8
812.5
818 9
818.1
791 8
—11 7
800 7
—17 1
810 £
—2 I
5.0
793 1
10.9
622.7
670.3
664.9
681.7
682.6
667 0
680.5
724.5
459.1
442.8
448.9
446.0
427.1
408 3
411.1
431 1
Final sales
Change in business inventories
607.3
15.4
656.1
14.2
651.3
13.5
673. 0
8.7
664.8
17.8
686.1
-19.2
711.5
-31.0
730.0
-5.5
448.3
10.8
434.1
8.7
440.8
8.2
441.0
5.0
416.3
10.9
420.1
—11 7
428.2
— 17.1
433.'
—2 I
Durable goods
Final sales
Change in business inventories ._
250.3
240.9
9.4
256.9
249.2
7.7
246.6
248 5
—1.8
265.5
259.8
5.7
264.5
246.2
18.3
239.5
252.9
-13.4
247.0
261.7
-14.7
259. 5
268.7
-9.2
206.0
198.5
7.5
195.9
191.0
4.9
195.4
196.6
-1.2
200.2
196. 6
3.6
188.0
176.7
11.3
167 5
176 1
—8 6
169.7
177 8
—8.1
177 {
182 I
—4 <
372.4
366.5
6.0
413.4
406.9
418.2
402.9
15.4
416.2
413.2
6.5
418.1
418.6
-.5
427.5
433.2
—5.7
433.5
449.8
—16.3
465.0
461.3
253.1
249.9
246.9
243.1
3.8
253.6
244.2
9.4
245. 8
244.4
3.3
1.4
239.2
239.6
—.4
240 8
244.0
—3 2
241 4
250.3
—9 0
253 *
251.
534.4
590.3
579.2
597.8
614.5
620.9
635.3
649.5
304.5
310.9
308.3
310.7
313.7
312 2
315.0
317 *
137.8
136.8
139.7
136.7
133.9
128.8
125.2
130.3
75.5
67.5
69.8
66.4
63.2
59 5
57.5
59 (
808.6
.
Goods output
.
Nondurable goods
Final sales
Change in business inventories
Services
-.
Stru ctures
--
_
3.0
3.7
8.7
8.2
2
Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
Gross domestic product
Business
Nonfarm
Farm
_
Households and institutions
Q eneral government
Federal
State and local
Rest of the world
Addendum: Gross private product.
1,294.9 1,397.4 1,383.8
1,416.31,430.9 1,416.6 1,440.9 1,504.4
839.2
821.2
827.1
823.1
804.0
780.0
783.6
1,286.5 1,385.6 1,374.1 1,405.2 1,418.9 1,409.4 1,432.6 1,494.7
833.9
816.9
824.1
819.8
800. 0
777.7
780.8
1,096.8 1,177.8 1,168.8 1,195.7 1,203.6 1,189.2 1,207.8 1,266.0
1,040.3 1,124.1 1,117.8 1,144.4 1,151.5 1,142.9 1,159.9 1, 210.1
56.5
51.3
53.8
51.1
52.1
46.3
47.9
55.9
753.1
725.8
27.4
733.8
706.3
27.5
741.4
712.7
28.7
736.6
708.0
28.6
716.5
690.8
25.7
693.5
666.0
27.5
41.3
47.0
805.2
720.0
691.2
28.8
46.5
48.0
48.8
50.0
51.1
52.3
18.5
18.9
18.8
18.9
18.8
18.9
19.1
19.1
166.5
57.9
108.7
170.2
58.1
112.2
173.7
58.2
115.6
176.4
58.5
117.9
62.3
21.3
41.0
64.1
21.1
43.0
63.9
21.1
42.8
64.2
21.0
43.2
64.8
21.0
43.7
65.2
21.0
44.3
65.7
20.9
44.8
66.0
20.9
45.2
12.0
7.2
8.3
9.7
5.2
4.3
3.0
3.3
4.0
2.3
2.8
3.4
758.6
739.2
714.8
718.0
742.6
148.5
52.8
95.7
160.8
55.7
105.1
158.8
55.0
103. 9
161.6
55.3
106.3
8.4
11.9
9.7
11.1
1,146.5 1,236.6 1,225.0 1,254.7 1,264.4 1,246.4 1,267.2 1,328.0
776.9
757.1
763.2
SUKVEY OF CUKEENT BUSINESS
1975
1974
1973
1974
II
HI
December 1975
IV
I
II
1974
III
1973
1974
Table 4.—Relation of Gross National Product, National Income,
Equals: Net national product.. 1,184.1 1,278.0 1,265.2 1,295.6 1,308.1 1,291.5 1,313.5 1,374.4
126.9
5.2
.4
125.9
5.2
.3
129.5
5.3
3.0
129.8
5.3
4.8
132.2
5.4
1.6
135.4
5.5
—4.4
139.6
5.5
.4
-2.9
-3.7
-2.4
-2.7
-1.6
—1.6
1.3
1,065.6 1,142.5 1,130.2 1,155.5 1,165.4 1,150.7 1,175.4 1,227.5
Equals: National income
Less: Corporate profits & IVA. 105.1 105.6
Contributions for social insurance
91.2 101.5
Wage accruals less disburse-.1 -.5
ments
Plus: Government transfer
113.0 134.6
payments to persons. .
Interest paid by government
38.3
(net) and by consumers
42.3
29.6
Dividends
32.7
Business transfer payments. .
4.9
5.2
I
II
III
Table 7.—National Income by Type of Income (1.10)
National income
Gross national product
1,294.9 1,397.4 1,383.8 1,416.3 1,430.9 1,416.6 1,440.9 1,504.4
Less: Capital consumption
110.8 119.5 118.6 120.7 122.9 125.2 127.4 130.0
allowances
.6
IV
Billions of dollars
Billions of dollars
119.2
4.9
-5.0
III
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Less: Indirect business tax and
nontax liability
Business transfer payments..
Statistical discrepancy
Plus: Subsidies less current
surplus of government enterprises
II
1975
105.6
105.8
103.4
94.3
104.9
100.8
103.0
103.2
104.6
105.4
-.6
-1.5
.0
.0
.0
.o
130.6
138.7
145.8
158.7
170.9
172. 6
41.9
32.5
5.2
42.7
33.2
5.3
43.6
33.3
5.3
43.7
33.8
5.4
45.0
34.0
5.5
45.8
345
55
107 7
Compensation of employees
Wages and salaries
Private
Military . .
Government civilian
Supplements to wages and
salaries
Employer contributions for
social insurance
Other labor income
Proprietors' income
Business and professional
Farm
Rental i ncome of persons
Corporate profits and inventory
valuation adjustment
Profits before tax
1,065.6 1,142.5 1,130.2 1,155.5 1,165.4 1,150.7 1,175.4 1,227.5
786.0
855.8
848.3 868.2
877.7 875.6
885.4
906.6
691.6
750.7
744.6 761.5
769.2 765.1
773.0
791.4
545.1
20.6
126.0
592.4
21.2
137.1
588.3 602.5
20.9 20.8
135.4 138.2
605.1 597.4
22.0 22.0
142.1 145.7
601.9
21.9
149.2
617.5
21.9
152.0
94.4
105.1
103.7 106.7
108.6 110.5
112.4
115.2
48.4
46.0
53.6
51.4
55.7
56.7
57.0
58.2
53.2
50.5
54.5
52.3
54.6
54.0
55.2
55.3
96.1
93.0
89.9
92.1
91.6
84.9
86.1
94.6
57.6
38.5
61.2
31.8
60.7
29.1
62.3
29.8
62.5
29.1
62.7
22.2
63.4
22.7
617
29.9
26.1
26.5
26.3
26.6
26.8
27.0
27.1
27.4
105.1
105.6
105.6 105.8
103.4
94.3
104.9
123.0
122.7
140.7
139.0 157.0
131.5 101.2
113.3
134.6
49.8
72.9
29.6
43.3
55.7
85.0
32.7
52.4
Table 5.— Gross Auto Product (1.15, 1.16)
Gross auto product *
39.0
62.3
33.8
28.5
43.0
70.3
34.0
36.3
52.0
82.6
34.5
48.1
40.8
38.6
48.3
42.8
34.1
44.0
43.4
7.7
37.5
6.6
38.0
6.7
43.6
7.7
32.6
5.7
35.3
6.2
37.1
6.5
1.1
-2.7
3.8
6.5
-.9
-2.9
4.7
7.6
-2.9
-3.6
4.2
7.7
-.3
-3.2
5.0
8.2
5.4
-1.4
5.4
6.8
-6.3
-1.6
4.7
6.3
1.0
—1.0
5.2
6.3
3.4
-2.3
6.0
8.3
43.1
10.0
Addenda:
New cars, domestic *
New cars, foreign
35.3
9.9
34.9
8.3
41.6
11.3
36.7
9.8
27.6
10.0
36.1
10.9
43.0
13. 0
13.0
51.4
51. 4
44.2
Addenda:
New cars, domestic *
New cars, foreign
33.6
32.6
38.9
33.6
26.7
33.7
39.2
39. 2
38.3
6.8
31.0
5.5
32.1
5.7
35.2
6.3
25.4
4.5
27.8
4.9
28.3
5.0
32.1
5. 7
5.7
1.1
-2.4
3.4
5.7
—.9
-2.5
3.9
6.3
-2.7
-3.0
3.6
6.6
-.3
-2.6
4.1
6.7
4.5
-1.1
4.2
5.3
-5.2
-1.2
3.7
4.9
.8
—.8
4.0
4.8
2.8
2. 8
—1.7
-1.7
4.5
4. 5
6.3
39.3
9.2
Personal consumption expenditures
Producers' durable equipment.
Change in dealers' auto inventories
Net exports..
Exports.
Imports
30.3
8.6
30.7
7.4
34.9
9.6
29.9
8.1
22.4
8.3
28.7
8.7
34.0
10 4
10.4
Table 6.—Inventories and Final Sales of the Business Sector in
Constant Dollars
.
Final sales, total
Nonfarm.
Inventory-final sales ratios, total
Nonfarm
217.4
29.5
187.9
96.4
59.5
36.8
29.8
14.3
15.5
45.2
19.6
25.6
16.5
228.1
31.2
196.9
101.5
63.6
37.9
31.5
15.3
16.2
47.0
20.2
26.8
17.0
228 .4 229.7
31.3 31.6
197.1 198.1
101.5 102.4
63.5 64.0
38.0 38.4
31.8 31.8
15.2 15.4
16.6 16.3
46.9 46.7
19.6 19.6
27.2 27.1
17.0 17.2
232.4 229.4
31.6
31.4
200.7 198.0
103.7 103.4
64.9
65.1
38.8 38.3
32.1 31.5
15.9
15.7
16.2
15.8
47.6
45.9
20.9
18.9
26.6
27.0
17.3
17.2
225.2
31.4
193.8
101.4
64.2
37.2
30.3
15.2
15.1
45.1
18.4
26.6
17.0
224.6
31.6
193.0
100.4
63.0
37.4
30.0
14.7
15.3
45.7
19.1
26.5
16.9
742.4
716.8
725.2
698.9
733.2 731.6
706.3 704.1
705.6
680.1
705.3
676.9
713.1
686.4
722.3
694.5
.293
.262
.315
.282
.329
.295
.325
.293
.316
.282
.311
.278
.312
.279
.314
.281
28 1
70
—8.4
11 7
52.3
65.9
68.9
71.9
75.9
61.6
60.1
All industries, total..
Agriculture, forestry, and fisheries
Mining and construction .
62.8
Manufacturing
Nondurable goods
Durable goods ..
TraTi gportftt.i on
Communication
Electric, gas, and sanitary services
Wholesale and retail trade. _
Finance, insurance, and real estate
Services
Government and government
enterprises
Rest of the world
1,065.6 1,142.5 1,130.2 1,155.5 1,165.4 1,150.7 1,175.4 1,227.5
37.6
70.3
38.8
69.0
46.6
69.5
310.2 294.2
125.2 120.3
184.9 173.9
303.1
125.4
177.8
322.8
133.4
189.5
41.8
23.0
42.5
24.4
45.2
25.5
19.1 19.7
167.0 167.6
20.3 22.0
168.9 172.8
21.8
176.9
23.2
185.7
127.3
150.1
125.8 128.3
148.4 152.7
131.0 133.5
155.6 159.5
135.5
162.6
137.5
166.1
177.9
11.9
175.5 178.9
9.7 11.1
184.4 188.6
7.2
12.0
192.5
8.3
195.9
9.7
50.6
66.5
45.6
72.0
287.2
108.9
178.3
306.1
124.0
182.1
40.4
21.1
43.4
22.6
19.1
155.9
19.4
166.2
117.8
134.6
164.1
8.4
42.7
72.1
43.7
73.2
304.2 313.2
123.1 129.0
181.1 184.2
43.6
22.2
44.4
22.6
43.7
72.2
43.3
23.8
Table 9.— Corporate Profits (Before Tax) and Inventory Valuation
Adjustment by Broad Industry Groups (6.12)
103.4
94.3
104.9
123.0
20.7
6.0
14.7
20.9
6.0
14.9
20.7
5.7
15.0
20.8
5.7
15.1
20.1
5.4
14.7
84.9
46.8
29.7
17.1
81.1
48.6
33.3
15.3
82.5
46.3
30.1
16.2
73.6
41.1
27.3
13.8
84.1
48.3
30.4
18.0
102.9
58.9
32.6
26.3
8.0
30.1
8.6
28.0
7.5
28.7
6.8
25.7
8.1
27.8
11.4
32.6
105.6 105.8
105.1
105.6
Financial institutions
Federal Reserve Banks.
Other financial institutions..
Billions of 1958 dollars
Inventories 3
Farm
Nonfarm
Manufacturing- . .
Durable goods
Nondurable goods
Wholesale trade..
Durable goods.. ..
Nondurable goods
Retail trade
Durable goods
Nondurable goods
Allother
Net interest
Table 8.— National Income by Industry Division (1.11)
Billions of 1958 dollars
Gross auto product l
52.0
79.5
33.3
46.2
55.9
83.1
32.5
50.5
Inventory valuation adjust-
49.9
Personal consumption expenditures
Producers' durable equipment.
Change in dealers' auto inventories
Net exports. _
Exports
Imports
Profits tax liability
Profits after tax
Dividends
62.7
94.3
33.2
61.1
17.6 -35.1 -33.4 -51.2
1, 055. 0 1,150.5 1,134.6 1,168.2 1,186.9 1,193.4 1,220.5 1 255 2
'
*
Equals: Personal income
19.6
4.5
15.1
20.8
5.7
15.0
20.7
5.7
15.0
Nonfinancial corporations
Manufacturing
Nondurable goods
Durable goods
Transportation, communication, and public utilities
All other industries
85.5
47.6
21.5
26.1
84.9
47.0
30.0
17.0
9.2
28.7
7.8
30.1
All industries, total
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
3. Quarterly inventories are end of quarter; annual inventories are average of fourth quarter
of prior year and four quarters of current year.
SUEVEY OF CURKENT BUSINESS
December 1975
1974
1973
1974
II
1974
1975
IV
III
I
II
1973
III
1974
Gross corporate product
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies
Income originating in corporate business
Compensation of employees
Wages and salaries
Supplements
Net interest.
720.8 770.1 766.6 782.7 783.5 774.8 793.2 830.4
71.2
76.7
75.7
77.6
79.3
81.2
83.0
85.2
66.5
70.5
69.8
71.9
71.8
73 4
76.1
79.2
583.1 623.0 621.1 633.3 632.4 620.3 634.1 666.1
482. 5 524.1 520.2 533.1 535.4 527.3 531.3 545.5
416.6 451.0 448.0 458.8 460.0 451.0 453.9 466.1
65.9 73.1 72.2 74.3 75.4 76.3 77.4 79.4
2.8
3.2
3.2
3.2
3.3
Cash flow, gross of dividends
Cash flow, net of dividends
Gross product originating in
financial institutions .
Gross product originating in
non financial corporations
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies
Income originating in nonfinancial
corporations
Compensation of employees
Wages and salaries .
Supplements
.
3.3
3.4
3.5
89.7 99.4 117.1
96.6 107.7 128.8
39.0 43.0 52.0
57.6 64.8 76.7
31.2 30.9 31.4
26.5 33.9 45.3
-7.0 -8.4 -11.7
136.8 151.8 150. 9 163.0 149.2 138.8 147.8 162.0
110.8 118.4 115.6 126.9 116.9 107.6 116.9 130.5
36.5
39.0
38.7
39.2
39.7
40.1
40.2
39.6
684.3 731.1 727.9 743.5 743.9 734.8 753.0 790.8
Corporate profits and inventory valuation adjustment
Profits tax liability .
Profits after tax plus inventory valuation adjustment—
262.5
204.1
183.7
151.2
167.7
271.0
212.5
189.9
156.6
173.9
46.0
51.4
50.5
52.3
54.0
55.3
56.7
58.2
94.6
64.7
29.9
26.5
32.7
103.8
26.3
32.5
102.0
26.6
33.2
105. 5
26.8
33.3
109.5
27.0
33.8
112.6
27.1
34.0
116.9
27.4
34.5
121.7
Transfer payments
Old-age survivors, disability, and health insurance benefits -.
Government unemployment insurance benefits5.
Veterans benefits
Other
117.8
139.8
135.8
144.0
151.1
164.1
176.3
178.1
60.4
69.8
68.7
72.5
74.5
76.2
77.5
84.2
4.2
13.9
39.3
7.1
16.1
46.9
6.3
15.2
45.7
7.3
16.6
47.7
9.4
17.4
49.9
15.9
18.0
53.9
19.4
18.1
61.3
18.8
18.8
56.3
Less: Personal contributions for social insurance
42.8
47.9
47.6
48.5
48.6
49.3
49.7
50.7
151.3
170.8
168.2
175.1
178.1
178.0
142.0
175.6
903.7
979.7
966.5
993.1 1,008.8 1,015.5 1,078.5 1,079.6
829.4
902.7
894.9
927.6
922.3
939.5
964.7
995.0
805.2
22.9
876.7
25.0
869.1
24.8
895.8
25.5
913.2
25.4
938.6
25.2
968.8
25.4
68.4
69.9
72.6
75.6
552.8 590.8 589.1 601.0 599.8 587.3 601.1 633.8
Equals: Disposable personal
income
Less: Personal outlays
Personal consumption expenditures. .Interest paid by consumers „
Personal transfer payments
to foreigners
1.3
1.0
1.0
901.3
25.3
c
.9
.9
.9
.8
74.4
77.0
71.5
65.5
86.5
75.9
113.8
84.6
Addenda:
Disposable personal income:
Total, billions of 1958 dollars. 619. 6
Per capita, current dollars.. . 4,295
2,945
Per capita, 1958 dollars
8.2
Personal saving rate,* percent .
602.8
4,623
2,845
7.9
603.5
4,565
2,850
7.4
602.9
4,681
2,842
6.6
594.8
4,745
2,798
8.6
591.0
4,768
2,775
7.5
620.2
5,055
2,907
10.6
611.4
5,047
2,858
7.8
Equals : Personal saving
Table 12.—Personal Consumption Expenditures by Major Type (2.3)
516.4 503.7 607.9 505.2 491.8 473.8 481.2 500.6
1.512 1.551 1.565 1.580
.132
.145
.142 .146
.123
.879
.040
.133
.979
.045
.131 .136
.964 .993
.045 .046
.151
.079
.149
.090
.152 .151
.090 .104
.148
.085
.146
.061
.163
.068
.194
.084
.073
.058
.061 .047
.064
.085
.095
.109
.165
.163
.139 .148 .151 .151
1.023 1.043 1.034 1.022
.048 .051 .051 .050
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.
4. On February 18, 1974, the U.S. Government granted to India $2,015 million (quarterly
rate) in rupees under provisions of the Agricultural Trade Development and Adjustment
Act. Tentatively, this transaction is being treated as capital grants paid to foreigners in the
national income and product accounts but as current unilateral transfers in the balance
of payments accounts. Accordingly, this transaction is excluded from Federal Government
transfers to foreigners and related totals shown in tables 13, 14, and 16, and is included in
the first quarter of 1974 as —$8.1 billion (annual rate) in capital grants received by the U.S.
shown in tables 13 and 16.
5. Title has been changed to include a new temporary Federal program of unemployed
who are not insured under existing programs.
270.0
210.1
177.4
140.9
156.9
26.1
29.6
90.6
68.5
.164
251.9
196.6
165.1
128.2
146.6
Rental income of persons
Dividends
.
. .
Personal interest income
66.5
.154
791.4
262.6
205.0
185.8
153.5
171.1
8^.9
62.7
22.2
67.1
1.325 1.452 1.433 1.472
773.0
91.6
62.5
29.1
63.4
124.6 133.4 147.8
96.1 105.2 119.1
765.1
273.7
214.4
183.9
147.5
164.1
92.1
62.3
29.8
Less: Personal tax and nontax
payments
69.0 78.6 97.0
75.9 87.0 108.7
28.8 32.9 42.3
47.1 54.1 66.4
28.5 28.3 28.8
18.6 25.8 37.6
-7.0 -8.4 -11.7
769.2
276.0
215.8
181.6
144.9
160.5
89.9
60.7
29.1
81.5
25.2
763.0
93.0
61.2
31.8
79.3
24.8
745.2
270.9
211.3
178.9
142.6
158.8
96.1
57.6
38.5
77.5
24.3
751.2
Proprietors' income _ .
Business and professional.
Farm
75.7
454.1 492.9 489.5 501.5 503.2 494.1 497.7 511.6
392.6 424.7 422.0 432.2 432.8 423.2 425. 8 437.8
61.5 68.2 67.4 69.3 70.3 70.9 71.9 73.9
691.7
86.1
63.4
22.7
74.0
Dollars
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies. . ...
Compensation of employees
Net interest
Other labor income _
72.3
Billions of 1958 dollars
Current dollar cost per unit of
1958 dollar gross product
originating 3in nonfinancial
corporations
III
II
1,055.0 1, 150. 5 1, 134. 6 1,168.2 1,186.9 1,193.4 1,220.5 1,255.2
Wage and salary disbursementsCommodity-producing industries
Manufacturing
Distributive industries
Service industries . . .
Government-
73.2
20.5 22.9 22.6 23.1 23.7
Corporate profits and inventory
valuation adjustment
78.2 75.0 77.0 76.4 72.9
Profits before tax
95.8 110.1 110.4 127.5 101.0
Profits tax liability
40.7 45.6 45.8 52.5 41.6
Profits after tax..
55.0 64.5 64.5 75.1 59.4
Dividends
23.7 30.7 32.5 33.2 29.7
Undistributed profits ... .. 31.3 33.9 32.0 41.9 29.7
Inventory valuation adjustment- -17.6 -35.1 -33.4 -51.2 -28.1
Cash flow, gross of dividends
123.1 137.7 136.8 149.1 135.0
Cash flow, net of dividends
99.4 107.0 104.3 115.9 105.3
Gross product originating in
non financial corporations
Personal income
68.1
Net interest...
I
Table 11.—Personal Income and its Disposition (2.1)
(1.14)
Corporate profits and inventory
valuation adjustment
97.8 95.8 97.7 97.1 93.8
Profits before tax
115.4 130.8 131.0 148.2 121.8
Profits tax liability
49.8 55.7 55.9 62.7 52.0
Profits after tax. _
65.6 75.1 75.1 85.5 69.9
Dividends
25.9 33.4 35.2 36.1 32.3
Undistributed profits _
39.6 41.8 39.9 49.4 37.6
Inventory valuation adjustment... -17.6 -35.1 -33.4 -51.2 -28.1
IV
Billions of dollars
Billions of dollars
1
III
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Table 10.—-Gross Corporate Product
II
1975
Personal consumption
expenditures.
. -.
Durable goods
Automobiles and parts
M obile homes
Furniture and household
equipment
Other
Nondurable goods
Food and beverages
Clothing and shoes
Gasoline and oil
Other
Services
Housing
Household operation
Transportation ..
Other.
805.2
130.3
57.5
4.4
876.7
127.5
49.7
3.5
869.1
129.5
50.6
4.1
901.3
136.1
56.2
3.5
913.2
124.9
46.8
2.3
938.6
130.6
49.4
2.6
968.8
138.6
55.2
2.9
55.0
17.8
338.0
165.1
70.2
28.3
74.4
336.9
116.4
47.3
23.4
149.9
58.8
19.1
380.2
187.7
74.1
35.9
82.4
369.0
126.4
52.9
26.1
163.6
59.5
19.4
375.8
183.5
74.4
36.8
81.1
363.8
124.9
51.7
25.6
161.6
57.8 57.9
60.4
20.2
19.2
19.4
389.0 391.7 398.8
191.3 196.0 201.4
76.2
73.7
75.7
37.5 37.8
37.9
83.5
84.5
84.2
376.2 383.5 389.5
127.7 130.9 134.1
57.0
56.0
54.6
28.1
27.1
26.5
167.5 169.4 170.3
60.7
20.5
410.1
204.8
78.7
39.6
87.0
397.9
136. 6
59.5
28.8
173.0
61.9
21.5
422.7
209.2
81.2
41.8
90.4
407.5
139.3
62.1
29.7
176.4
895.8
120.7
43.7
2.3
Table 13.—Foreign Transactions in the National Income and
Product Accounts (4.1)
Receipts from foreigners
Exports of goods and servicesCapital grants received by the
United States (net) 4
Payments to foreigners
Imports of goods and servicesTransfers to foreigners -.
Personal
Government
Net foreign investment
100.4
100.4
138.2
140.2
138.5
138.5
143.6
143.6
147.5
147. 5
142.2
142.2
136.0
136.0
142.7
142.7
.0
100.4
96.4
3.9
1.3
2.6
.1
-2.0
138.2
138.1
3.6
1.0
2.6
-3.5
.0
138.5
140.0
3.7
1.0
2.7
-5.2
.0
143.6
146.7
3.3
.9
2.4
-6.5
.0
147.5
145.7
3.6
.9
2.7
-1.8
.0
142.2
133.4
3.6
.9
2.7
5.2
.0
136.0
119.8
3.6
.9
2.7
12.5
.0
142.7
129.8
3.5
.8
9.5
SUEVEY OF CURKENT BUSINESS
1974
1973 1974
II
December 1975
1974
1975
rv
III
I
II
1973
III
1974
II
Seasonally adjusted at annual rates
99.1 131.5
37.5 45.3
23.8
91.3
25.6
93.3
Federal Government expenditures
264.2 299.1 291.6 304.7 319.3 338.5 355.0 362.7
Purchases of goods and services
National defense
Other. .
106.6 116.9 114 3 117.2 124.5 126 5 128.4 130.5
74 4 78 7 76 6 78 4 84 0 84 7 84.8 86 1
32 2 38 2 37 7 38 8 40.6 41 8 43.6 44.4
Transfer payments
To persons .
To foreigners (net) <
95.5 117.0 113.6 120.8 127.2 138.5 149.9 151.1
92.9 114.4 110 8 118 4 124 5 135 8 147.2 148.4
2.6 2.6 2.7 2.4 2.7 2.7 2.7 2.7
Grants-in-aid to State and local governments
40.5
43.8 43 2
43.4
45.5
50.2
52.2
19.1
19.7
19.7
21.1 21.4
18.8
5.3
4.2
—1.1
2.1
2.0
— .1'
1 3 2.7
1 5 2.5
.2 — .1
Less: Wage accruals less disbursements.
.0
—.5
—.6 —1 5
Surplus or deficit (-), national
income and product accounts
-5.6
18 7
55.9
2.3 3 5 3.5 3.9
2.0 2 4 2.3 2.3
—.3 —1.0 —1.2 —1.6
.0
.0
.0
.0
Table 15.—State and Local Government Receipts and Expenditures
(3.3, 3.4)
State and local government receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax
accruals
Contributions for social insurance. ..
Federal grants-in-aid
State and local government expenditures
Purchases of goods and services
Transfer payments to persons
Net interest paid
Subsidies less current suiplus of government enterprises...
Subsidies
Current surplus
193.5 207.7 205.3 210.9 213.9 219.8 226.2 235.1
37.2 39.5 38.8 40.3 41.2 41.8 42.9 44.2
6.1 6.7 6 7 7 3 6 2 4 9 5.5 6.7
98 0 104 9 104 0 107 0 107 6 109 2 111.6 114.0
11.7 12.8 12.7 13.0 13.3 13.7 14.1 14.3
40.5 43.8 43 2 43 4 45.5 50 2 52.2 55.9
184 4 205 9 203 3 208 ft 214 0 221 5 227.0 230.9
169.8 192.3 190.1 195.1 J99.3 205.1 209.7 213.0
20 1 20 2 19 8 20 4 21 3 22 9 23.7 24.2
—.8 —1 6 —1 6 —1 6 —1 5 —1 4 —1.2 —1.0
—4.7 —5 0 —5 0 —5 0 —5 0 —5 1 -5.1 —5.2
.1
1
.1
.1
1
1
.1
.1
4.8 5 1 5 1 5 1 5 2 5 2 5.3 5.3
Less: Wage accruals less disbursements
0
o
o
o
Surplus or deficit (-), national
income and product accounts
9.2
1.8
2.0
2.1
Addenda:
Surplus, social insurance funds
Surplus or deficit (-) all other
State and local funds..
o
o
o
o
-.9
154.31 170.18 167.31 172.07 177. 97 181.62 183.88 186.05
145.9
114.7
147.9
160.5
162.5
123.7
170.0
173.5
160.2
121.3
168.0
171.4
164.7
126.3
172.3
176.1
169.6
130.1
176.9
179.2
171.8
131.2
179.2
182.2
173.9
133. 5
181.2
184.6
176.6
134.3
185.3
187.5
Gross private domestic investment.....
Fixed investment
.
Nonresidential.. _.
_
Structures..
Producers' durable equipment...
R esidential structures . ...
Nonfann
Farm
Change in business inventories
152.4
144.9
185.4
130.0
174.0
174.0
168.0
165.3
158.7
198.7
143.2
191.4
191.6
183.5
162.3
154.9
196.2
139.2
190.0
190.2
181.5
167.5
160.4
200.6
145.5
195.9
196.1
187.5
174.9
169.6
206.0
154.5
197.9
198.1
189.4
180.4
175.4
209.7
160.7
204.3
204.4
195.4
183.2
177.7
209.0
164.8
208.2
208.4
199.0
185.0
178.7
210.5
165.5
210.9
211.2
201.6
Net exports of goods and serrices
Exports
.
Imports
150.6 195.0 188.7 202.5 210.9 213.9 214.8 215.0
155.6 219.7 214.9 230.8 239.3 243.2 242.8 240.5
Government purchases of goods and
services
.
.
Federal . ._
State and local
. .
191.5 211.8 208.8 214.1 221.4 224.6 226.5 228.9
185.9 206.8 203.0 207.4 218.4 220.3 220.1 221.7
195.1 215.0 212.4 218.3 223.2 227.3 230.7 233.5
Table 18.—Implicit Price Deflators for Gross National Product by
Major Type of Product (8.2)
154.31 170.18 167.31 172.07177.97 181.62183.88186.05
Gross national product..
186.2
Goods output
Durable goods
Nondurable goods..
154.5 170.2 167.3 172.1 178.1 181.3 183.8
135.6 151.4 148.1 152.9 159.8 163.3 165.5
121.5 131.1 126.2 132.6 140.7 143.0 145.5
147.1 167.5 165.0 169.3 174.8 177.5 179.6
Services—
Structures..
175.5 189.9 187.9 192.4 195.9 198.9 201.7 204.3
182.4 202.6 200.0 206.0 211.8 216.6 217.5 218.6
Addendum: Gross auto product.
112.9 121.5 118.7 124.0 127.2 127.6 130.6 131.0
Final sales
168.1
145.9
183.6
Table 19.—Implicit Price Deflators for Gross National Product by
Sector (8.4)
Gross national product
154.31 170.18 167.31 172.07 177. 97 181.62 183.88 186.05
154.27 169. 62 166.75 171.41 177. 36 181.23 183.48 185.64
..
Gross domestic product
145.6 160.5 157.7 162.3 168.0 171.5 173.5 175.8
143.3 159.1 156.8 161.6 166.7 171.6 173.2 175.1
206.1 195.4 177.8 179.1 203.1 168.3 180.9 194.3
4.1
9.1 9.7 9.7 9.8 9.8 9.9 10.1 10.1
.1 —7 9 —7 7 —7 7 —9 9 —11 5 —11 0 —6 0
Gross private saving
210.9 213.8 207 3 196 2 227 5 222 6 269 2 251 0
Personal saving
74 4 77 0 71 5 65 5 86 5 7K Q 113 8 84 6
Undistributed corporate profits
43.3 52.4 50.5 61.1 46.2 28.5 36.3 48.1
Corporate inventory valuation adjustment
—17 6 —35 1 33 4 —51 2 28 1 7 n —8 4 —11 7
Corporate capital consumption
allowances
71.2 76.7 75 7 77 6 79 3 81 2 83 0 85.2
Noncorporate capital consumption
allowances
..
..
39.6 42 8 42 8 43 2 43 6 44 0 44 4 44.8
Wage accruals less disbursements....
.0
.0
.0
.0
.0
.0
.0
.0
Government surplus or deficit (-),
national income and product
accounts
2 —24 6 56 0 -1042 —62 8
3.5 —6.3 —1 0
Federal
—5.6 —8 1 —3 0 —1 9 24.5 54 4 103 3 —67 0
State and local..
9.2
1.8 2 0 2 1 __ i
1 6 — 9 4.1
Capital grants received by the United
O
Q
States (net) <
o
o —2 0
o
o
o
209.4 205 9 206 6 199 3 207 7 168 2 160 7 188 6
Gross private domestic investment.. 209.4 209.4 211.8 205.8 209.4 163.1 148.1 179.1
.1 —3 5 —5 2 —6 5 1 8 5 2 12 5 9 5
Net foreign investment... .
Statistical discrepancy
-5.0
.4
.3 3.0 4.8 1.6 -4.4
.4
Gross national product.
Farm
222.7
-.1 -1.6
Table 16.—Sources and Uses of Gross Saving (5.1)
Gross investment
III
Personal consumption expenditures
Durable goods
Nondurable goods
Services.
-3.0 -1.9 -24.5 -54.4 -103.? -67.0
-8.1
II
Table 17.—Implicit Price Deflators for Gross National Product (8.1)
258 5 291.1 288.6 302 8 294.7 284 1 251.8 295.8
Personal tax and nontax receipts
114.1 131.3 129.4 134.8 136.8 136.2
Corporate profits tax accruals
43 7 49.1 49 2 55 4 45.7 34 1
Indirect business tax and nontax
accruals
21.2 22.0 21.9 22.5 22.2 22.9
Contributions for social insurance. _. 79.5 88.7 88.1 90.0 90.0 90.9
16.3
I
Index numbers, 1958=100
Table 14.—Federal Government Receipts and Expenditures
(3.1, 3.2)
Net interest paid..
Subsidies less current surplus of government enterprises
Subsidies
Current surplus
IV
Seasonally adjusted
Billions of dollars
Federal Government receipts
HI
1975
State and local
....
248.3
238.5
248.3
233.4
250.9 248.5 251.5 257.1 260.9 264.6 267.1
264.5 260.7 263.0 275.0 277.1 278.5 280.3
244.2 242.5 245.9 248.5 253.3 258.1 261.0
147.56 163.34 160.51 165.35 171.04 174.38 176.50 178.84
Addendum: Gross private product
Table 20. —Change from Preceding Period for
Selected Aggregates (7.7)
Percent
Gross national product:
Constant dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Gross domestic product:
Constant dollars
......
Implicit price deflator. . . .
...
Chain price index
Fixed-weijjhted price index
Gross private product:
Implicit price deflator
Chain price index
.....
-
Percent at annual rate
7.6 9.7 4.2 -3.9
11.8 7.9
5.9 -2.1 -1.6 -1.9 -9.0 -11.4
5.6 10.3 9.4 11.9 14.4 8.4
6.0 10.0 9.8 12.7 11.7 7.8
6.3 10.7 11.1 12.7 12.5 7.5
7.0 18.8
1.9 13.4
5.1 4.8
5.5 7.1
5.5 6.9
9.3 9.4 4.0 -2.6
.3 -2.1 -9.3 -10.7
9.0 11.7 14.6 9.0
9.2 12.5 11.8 7.8
10.6 12.5 12.5 7.5
6.7
1.6
5.1
5.4
5.5
18.5
13.1
4.8
7.1
7.0
7.9 7.7 10.1 3.1 -5.6
12.2
6.2 -2.6 -2.0 -2.3 -9.9 -12.6
5.7 10.7 9.9 12.6 14.5 8.0
5.9 10.6 10.6 13.8 12.0 8.0
6.3 11.4 12.3 13.8 12.6 7.7
6.9
1.8
5.0
5.3
55
20.6
14.4
5.4
7.6
7.4
11.7 7.7
5.9 -2.0
5.5 10.0
9.7
5.9
6.2 10.4
BY JOHN T. WOODWARD
Capital Expenditures Expected To Rise
Through Second-Quarter 1976
CHART 1
Plant and Equipment Expenditures
Billion $
(ratio scale)
180
- AIL INDUSTRIES
B,
100
80
60
50
i i I i i l I i I l I i i I I l i i I i i l l lit ( I t I I I i i I i i i
COMMUNICATION AND COMMERCIAL
TRANSPORTATION INCLUDING RAILROAD
10
i I...!. I f J Ml I i.l l.i M i.l t.i t I t t I I I I t 1.1 t i l I
69
71
73
75
Seasonally Adjusted at Annual Rates
o Expectations
U.S. Department of Commerce, Bureau of Economic Analysis
1967
BUSINESS spending for new plant taken into account, it appears that real
and equipment is expected to rise 2.4 spending in 1975 will be about 10
percent in the fourth quarter of 1975, percent lower than in 1974. Real spend2.9 percent in the first quarter of 1976, ing had risen about 3 percent in 1974
and 2.3 percent in the second, accord- and 9 percent in 1973. It is difficult to
ing to the BEA survey conducted in measure the change in real spending
late October and November.1 If these implied by the plans for the first half
expectations are realized, spending in of 1976, because little information is
the first half of 1976 will be at a sea- available on business expectations for
sonally adjusted annual rate of $119.5 capital goods price changes next year
billion, 5 percent above that in the and on the extent to which they are
second half of 1975. Spending in the reflected in spending plans. However,
second half of 1975 appears to have been limited evidence indicates that real
virtually unchanged from the first half. spending in the first half of 1976 will
Spending in the third quarter of 1975 change little from the second half of
was at a rate of $112.2 billion, about 1975. Real spending fell in each of the
the same as in the second quarter first three quarters of 1975.
The cessation of the slide in capital
(table 1 and chart 1). It had declined
in the two earlier quarters—1% percent spending indicated by the latest survey
in the first and 2 percent in the second. can be attributed to several developThird-quarter expectations reported 3 ments. Demand strengthened in several
months ago had called for an increase key areas, including automobiles and
from the second quarter, but this in- residential structures. Output increased
as the excess of inventories was worked
crease did not materialize.
Capital spending in 1975 is expected off. Capacity utilization in manufacto total $113.5 billion, 1 percent higher turing rose 4 points from June to
than actual 1974 spending (table 2). September, with increases in most
This increase is the same as that major industries. Corporate earnings
reported in August; the May plan moved up sharply in the second and
called for a 1.6 percent increase and the third quarters. As will be seen below,
February plan for 3.3 percent. Increases however, the improved outlook for
in 1974 and 1973 were almost 13 capital spending that is suggested by
recent changes in spending and spendpercent.
The capital spending figures are not ing plans is not fully reflected in some
adjusted for price change. When price of the supplementary information that
change—as measured by the implicit is contained in the BEA plant and
price deflator for the nonresidential equipment survey.
fixed investment component of GNP is
Manufacturing Programs
1. The expectations figures have been adjusted for systematic biases (table 6, footnote 2). Before adjustment, expected
1975 expenditures totaled $113.15 billion for all industries:
$48.42 for manufacturing and $64.73 for nonmanufacturing.
The adjustments were applied separately to each major
industry; their net effect was to lower the manufacturing
total $0.10 billion and to raise the nonmanufacturing total
$0.44 billion.
Manufacturers' spending declined 3
percent in the third quarter, to a
seasonally adjusted annual rate of
$47.4 billion, after a one-half of 1
percent decline in the second quarter;
7
SURVEY OF CUEEENT BUSINESS
8
Table 1.—Expenditures for New Plant and Equipment
[Billions of dollars, seasonally adjusted at annual rates]
1975
I
All industries
1976
III
II
IV i
It
Hi
114. 57
112. 46
112.16
114. 80
118. 16
120. 87
49.05
48.78
47.39
48.16
49.88
51.37
Durable goods
Nondurable goods
22.86
26.20
22.59
26.19
21.01
26.38
21.82
26.34
22.34
27.53
23.27
28.10
Nonmanufacturing .
65.52
63.68
64.76
66.64
68.28
69.50
Manufacturing.
1. As expected in late October and November.
the third-quarter decline was in durable
goods. If plans are realized, spending
will increase 1% percent in the fourth
quarter of 1975, 3% percent in the first
quarter of 1976, and 3 percent in the
second. Durables account for the increase in the fourth quarter. Increases
in the first half of next year are mainly
in motor vehicles, primary metals,
stone-clay-glass, rubber, food-beverage,
and textiles; increases are more pronounced in nondurables in the first
quarter and in durables in the second.
Although fourth quarter information
is not yet final, it appears that manufacturers' spending increased 5 percent in
1975, compared with 21 percent in
1974. In nondurables, spending increased 12 percent. Sizable increases
were reported by petroleum, paper, and
All industries ..
chemicals, and decreases by rubber and
textiles. In durables, spending decreased
2% percent. Sizable increases in iron
and steel and aircraft were more than
offset by decreases in electrical machinery, motor vehicles, and "other
durable goods."
Manufacturing projects started in
the third quarter of 1975 totaled $11.3
billion, as compared with $12.8 billion
in the second quarter, and the record
$14.2 billion in the second quarter of
1974 (table 3 and chart 2). Durables'
starts were little changed from June;
nondurables' starts declined 19 percent,
CHART 2
Starts and Carryover of Investment
Projects
Billion $ (Ratio scale)
40
_ MANUFACTURING
20
Table 2.—Plant and Equipment Expenditures, Annual Percent Change
Actual
1974
December 1975
Expected 1975 as reported in:
10
Feb.
May
Aug.
Nov.
12.7
3.3
1.6
1.0
1.0
21.0
7.1
5.4
5.3
5.0
17.5
.0
-2.4
-1.8
-2.5
4
44.3
19.7
17.7
20.4
18.9
3
Blast furnaces, steel works
Nonferrous metals
53.1
39.3
35.0
.6
33.5
-4.3
37.6
-.3
38.0
-2.6
100
Electrical machinery
Machinery, except electrical
4.4
29.2
-9.4
4.4
-18.3
5.8
-19.2
6.0
-21.6
7.3
20.4
-13.8
-10.4
-8.0
-9.7
18.0
49.1
-19.2
3.4
-17.0
7.5
-15.9
16.3
-18.2
15.0
Manufacturing
Durable goods
Primary metals 1
...
Transportation equipment 1
Motor vehicles
Aircraft..
-3.5
1.6
-3.7
1.7
-7.8
-13.6
-16.2
14.1
12.9
12.1
4.6
9.9
6.5
-16.9
4.1
-17.5
3.6
-22.1
38.8
27.8
15.6
10.8
15.5
7.4
15.2
10.0
12.8
10.7
Petroleum
Rubber .
46.8
-5.8
27.3
-4.3
30.2
-15.2
30.7
-25.1
5.4
1.0
-10.1
-5.6
7.6
.6
-.9
-2.0
-1.8
16.2
29.5
22.6
13.6
20.1
11.9
18.9
.9
20.3
-.1
-17.0
27.5
-5.6
27.1
-4.6
21.8
-7.4
29.2
-7.9
37.1
Public utilities..
9.8
.0
-.7
-1.5
-1.2
ElectricGas and other
10.6
5.7
4l 2
-1.9
6.4
-3.4
9.9
-3.4
12.4
8.6
3.0
-2.8
-3.5
-4.3
-5.4
-4.9
-6.5
-6.2
-6.3
40
31.2
-29.4
-.6
60
4.0
-19.2
Paper
Chemicals-
PUBLIC UTILITIES
-15.4
24.7
80
-3.2
2.8
6
Stone, clay, and glass
Other durables
Nondurable goods
_
Food including beverage
Textiles _.-
Other nondurables _ . _
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
.
C ommunication
Commercial and other
.
„
12.3
Carryover*
20
10
1963
65
67
69
71
Seasonally Adjusted
* Carryover as of end of period.
1. Includes industries not shown separately.
U.S. Department of Commerce, Bureau of Economic Analysis
73
75
SURVEY OF CURRENT BUSINESS
December 1975
reflecting declines in chemicals and
petroleum.
The value of projects started was less
than spending in the third quarter; consequently, there was a decline in carryover—the amount still to be spent on
projects already underway. Carryover
at the end of September totaled $38.5
billion, 1% percent less than at the end
of June. Carryover has remained relatively stable since December 1974,
after advancing steadily for almost
3 years.
There was little change in manufacturers7 evaluation of the adequacy of
their facilities, in light of their prospective sales over the next 12 months
(table 4 and chart 3). Companies owning 34 percent of total fixed assets
reported a need for more facilities as
of September 30, compared with 35
percent at the end of June. Facilities
viewed as "about adequate" represented 51 percent of fixed assets as of
September 30, unchanged from June 30.
Capacity utilization
Utilization of manufacturing capacity rose 4 points from the March and
June rate, to a rate of 79 percent in
September (table 5 and chart 4).2 The
September rate is still 7 points below
the 86 percent peak in 1973.
The advance from June to September
occurred in both durables and nondurables, but was larger in durables—
5 points as compared with 2. Motor
vehicles, which reported a 13 point
2. The survey asks manufacturers to report actual and
preferred rates of capacity utilization for the last month of
each quarter. Utilization rates for industry and asset-size
groups are weighted averages of individual company rates.
See "The Utilization of Manufacturing Capacity, 1965-73,"
SURVEY OF CURRENT BUSINESS, July 1974, pp. 47-57.
rise, accounted for most of the difference. Stone-clay-glass rose 7 points
in response to the pickup in construction activity. Primary metals rose 5
points, reflecting higher production
due partly to the improvement in the
inventory situation and partly to the
buying of steel in anticipation of the
October price increase. Machinery industries reported 2 point increases.
In nondurables, textiles reported a
7 point increase, to 83 percent, reflecting continued improvement in the
demand for apparel and household
furnishings. Increases also were reported by paper (5 points), petroleum
(4 points), rubber (4 points), and
chemicals (3 points). Food including
beverage declined 2 points.
The utilization rate reported by
large firms (assets of $100 million and
over) rose 4 points, to 80 percent. The
Table 3.—Starts and Carryover of Plant and Equipment Projects, Manufacturing and Public Utilities
[Billions of dollars]
Carryover 2
Starts i
Annual
1972
Manufacturing 3
1974
1975
1974
1975
1973
1974
I
II
III
IV
I
II
III
March
June
Sept.
Dec.
March
June
Sept.
35.21
47.57
52.49
12.40
13.75
12.97
13.38
12.52
12.70
10.65
33.82
36.30
37.65
37.39
39.07
39.62
38.60
17.07
23.73
25.86
6.00
6.50
6.20
7.16
4.98
4.62
4.37
16.27
17.19
17.74
18.25
18.13
17.16
16.37
Primary metals
_
Electrical machinery. .
Machinery, except electrical
3.19
2.34
3.11
5.00
3.32
3.71
8.20
2.72
5.14
1.84
.71
1.24
1.79
.70
1.16
1.55
.57
1.22
3.02
.75
1.52
1.67
.51
1.18
1.08
.38
1.31
1.03
.44
.99
5.59
2.12
1.68
6.24
2.05
1.79
6.56
1.87
1.89
7.93
1.80
2.00
8.28
1.77
2.14
7.79
1.59
2.28
7*. 40
1.49
2.17
Transportation equipment 4
Stone, clay, and glass
2.66
1.46
3.86
1.81
3.32
1.48
.82
.36
1.21
.40
.76
.46
.52
.26
.49
.28
.64
.25
.63
.34
3.25
1.16
3.44
1.20
3.27
1.30
2.87
1.16
2.57
1.13
2.36
1.01
2.18
1.04
18.14
23.84
26.63
6.40
7.25
6.77
6.22
7.54
8.08
6.28
17.55
19.11
19.91
19.14
20.94
22.46
22.23
2.08
.23
2.81
1.92
.25
2.74
2.08
.28
2.53
Durable goods 3 .
Nondurable goods 3
Food including beverage
Textiles. .
Paper..
2.98
.64
1.60
3.71
.93
2.40
3.37
.71
3.08
1.01
.25
.77
.92
.18
.95
.77
.15
.82
.67
.13
.53
.69
.14
1.48
.66
.18
.62
1.00
.20
.50
2.32
.33
1.76
2.44
.36
2.10
2.36
.31
2.27
2.14
.24
1.98
Chemicals. .
Petroleum
3.92
6.15
6.65
7.02
7.36
9.29
1.74
2.00
1.61
2.74
1.96
2.37
2.04
2.18
1.52
3.21
2.29
3.76
1.51
2.54
5.54
6.08
5.82
6.89
6.30
7.24
6.65
6.85
6.76
7.87
7.42
8.97
7.41
8.86
28.60
38.13
45.74
16.33
11.95
9.78
7.68
12.31
6.28
10.34
73.24
79.89
84.47
86.47
94.36
95.70
100. 97
Public utilities.
Adjusted for seasonal variation
Manufacturing
3
11.85
Primary metals
Electrical machinery
Machinery, except electrical
Transportation equipment 4
Stone, clay, and glass
Nondurable goods
3
-
14.20
13.56
12.89
12.12
12.80
11.29
33.07
35.94
37.74
38.61
38.46
39.06
38.51
5.70
Durable goods 3
6.73
6.58
6.71
4.89
4.69
4.74
15.92
17.03
17.84
18.73
17.90
16.94
16.43
1.52
.70
1.32
1.97
.76
1.18
1.57
.66
1.36
3.08
.60
1.28
1.42
.54
1.25
1.18
.40
1.32
1.13
.51
1.13
5.42
2.06
1.63
6.21
2.03
1.77
6.54
1.90
1.97
8.18
1.85
2.01
8.14
1.74
2.08
7.71
1.56
2.24
7.42
1.52
2.24
.82
.30
1.21
.38
.72
.46
.55
.31
.49
.28
.62
.22
.61
.32
3.23
1.16
3.44
1.19
3.23
1.26
2.93
1.21
2.55
1.16
2.34
1.00
2.14
.99
6.16
7.47
6.98
6.18
7.23
8.11
6.55
17.15
18.91
19.90
19.88
20.56
22.12
22.08
2.50
.34
2.06
2.27
.31
2.35
2.14
.27
2.04
2.10
.22
2.69
1.95
.24
2.67
2.00
.27
2.60
Food including beverage
Textiles
Paper....)
1.08
.22
.70
.93
.15
1.00
.61
.17
.93
.72
.15
.42
.78
.10
1.41
.65
.17
.66
.88
.21
.65
2.35
.39
1.68
Chemicals
Petroleum
1.50
2.00
1.71
2.86
2.01
2.53
2.23
2.01
1.21
3.20
2.44
3.67
1.48
2.77
5.38
5.90
5.78
6.77
6.22
7.32
6.98
7.13
6.61
7.74
7.44
8.70
7.31
8. 84
10.42
14.57
14.29
6.85
5.34
9.19
14.82
69.23
78.55
87.81
89.42
89.69
94.00
103.88
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.
599-064 O - 76 - 2
3. Includes data not shown separately.
4. Includes guided missiles and space vehicles.
NOTE.—Details may not add to totals because of rounding.
10
SUEVEY OF CUERENT BUSINESS
December 1975
rates for medium- and small-sized
firms rose 2 points and 1 point, respecManufacturers' Evaluation of Plant and
tively. The rate for primary-processed
Equipment Facilities*
goods industries rose 5 points, to 78
percent of capacity, and that for adPercent of Capital Assets Held by Respondents Reporting—
vanced-processed goods industries rose
60
MORE CAPACITY NEEDED
3 points, to 79 percent.
CHART 3
CHART 4
Manufacturers' Capacity Utilization
Rates by Major Industry Groups
Percent
92
88
50
80
Nonmanufacturing Programs
40
30
20
70
CAPACITY ADEQUATE
60
50
40
20
CAPACITY EXCEEDS NEEDS
10
1966 67
68
69
70
71
72
73
74
75
*Relative to prospective operations during the ensuing 12-month period.
U.S. Department of Commerce, Bureau of Economic Analysis
Nonmanufacturers' spending increased 2 percent in the third quarter
of 1975, after a 3 percent decline in the
second. If plans are realized, spending
will increase 3 percent in the fourth
quarter, 2% percent in the first quarter
of 1976, and 2 percent in the second.
Airlines and "other transportation"
firms reported the largest increases in
the third quarter. In the fourth quarter,
for which only plans are available,
electric and gas utilities reported the
largest increases. In the first half of
1976, the increases will occur principally in electric utilities and "other
transportation."
Spending in 1975 appears to have
All Manufacturers
84
76
72
92
Nondurable Goods
88
84
80
76
72
92
Primary-Processed
88
84
80
76
72
70
1969
71
72
73
Seasonally Adjusted
U.S. Department of Commerce, Bureau of Economic Analysis
75-12 3
Table 4.—Manufacturers' Evaluation of Their Plant and Equipment Facilities
[Percent distribution of gross capital assets]l
1974
June 30
1975
Sept. 30
Mar. 31
Dec. 31
June 30
Sept. 30
More plant and equipment needed:
All manufacturing
Durable goods 2 _. . _
Primary metals 3
Metal fabricators
52
_ ._ .
Nondurable goods 2
Food including beverage
Chemicals
Petroleum
51
41
38
35
34
47
60
43
49
77
38
37
54
32
35
51
31
32
47
28
32
48
28
56
37
74
55
52
38
69
55
44
33
68
46
42
31
59
52
38
30
51
51
35
28
51
43
About adequate:
All manufacturing
45
43
50
46
51
51
Durable goods 2 _
Primary metals
Metal fabricators '
49
39
53
45
23
57
52
43
55
44
27
51
50
41
53
48
35
52
Nondurable goods 2
Food including beverage
Chemicals ...
Petroleum^. _ ^
42
57
25
45
41
56
30
33
48
60
31
46
47
62
33
39
52
62
45
40
55
61
45
48
Existing plant and equipment exceeds needs:
3
6
9
16
14
15
Durable goods 2—
Primary metals. _ _
Metal fabricators 3
4
1
4
6
0
5
11
3
13
21
22
18
18
12
19
20
17
20
Nondurable goods 2.
Food including beverage
Chemicals .
Petroleum
.
2
6
1
0
7
6
1
12
8
7
1
8
11
7
8
9
10
8
4
9
10
11
4
9
All manufacturing
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.
74
75
75-12-4
SURVEY OF CUEEENT BUSINESS
December 1975
cial firms spent less than in 1974. Eailroads spent about the same amount as
in 1974; higher spending planned early
in the year was cut back because of
reduced freight shipments and depressed
profits.
Starts and carryover of investment
projects by utilities confirm increases
in their spending. In the third quarter,
decreased 2 percent, compared with a
7% percent increase in 1974. "Other
transportation" increased spending 37
percent; a sharp increase in spending
for the Trans-Alaska pipeline was only
partially offset by a decrease for trucking firms. Increases occurred in mining
and gas utilities. Airlines, electric utilities, and communication and commer-
11
when several utilities initiated major
new construction projects, starts were
at a record $14.8 billion, compared
with $9.2 billion in the second quarter,
and the previous high of $14.6 billion
in the second quarter of 1974. Carryover
was $103.9 billion at the end of September, almost $10 billion higher than
at the end of June.
Table 5.—Manufacturers' Capacity Utilization Rates: Operating Rates and Ratios of Operating to Preferred Rates, March 1974 to
September 1975
Operating rates (percent)
1974
Industry and asset size
Ratios of operating to preferred rates
1974
1975
March
June
Sept.
84
84
84
86
83
80
87
83
79
83
1975
Maroh
June
Sept.
March
June
Sept.
78
75
75
79
0.88
0.88
0.88
87
81
77
80
75
72
77
73
70
76
75
72
80
77
73
.90
.88
.85
.91
.88
.85
84
84
76
74
73
78
.86
85
82
78
85
83
77
87
82
76
79
75
68
77
72
66
75
71
67
80
74
70
Primary metals
Electrical machinery _
Machinery except electrical
89
84
89
90
85
88
90
83
89
82
78
87
79
73
84
69
71
82
74
73
84
Transportation eqnipTn$nt 2
77
80
83
71
71
73
81
.76
.78
.82
83
71
87
69
92
71
70
72
73
68
80
64
93
65
.78
.76
.81
.73
.87
.75
All manufacturers
..
...
Dec.
March
June
0.83
0.79
0.79
0.83
.91
.86
.83
.83
.81
.78
.80
.79
.76
.79
.81
.78
.83
.82
.78
.88
.88
.79
.78
.76
.81
.88
.87
.84
.88
.88
.83
.90
.87
.82
.81
.81
.75
.80
.77
.72
.77
.76
.74
.82
.79
.76
.93
.92
.94
.94
.93
.93
.94
.91
.94
.85
.86
.92
.82
.80
.88
.72
.78
.85
.77
.80
.88
.70
.71
.72
.79
.66
.76
.70
.72
.75
.67
.87
.68
Dec.
Sept.
Asset size:
$100 0 million and over .
$10 0 to $99.9 million
Under $10 0 million
Durable goods 1
Asset size:
$100 0 million and over
$10 0 to $99 9 million.
Under $10 0 million.
.,
.
Motor vehicles. .
Aircraft..
84
81
81
70
68
67
74
.90
.87
.87
.75
.72
.72
.79
86
85
84
80
76
78
80
.90
.90
.89
.86
.81
.83
.85
88
83
82
88
82
80
87
80
78
83
76
75
77
75
74
79
78
77
81
80
76
.94
.88
.86
.94
.87
.85
.93
.86
.85
.89
.82
.81
.82
.82
.80
.84
.84
.83
.86
.86
.82
82
87
81
87
79
80
77
69
77
69
79
76
77
83
.89
.90
.88
.90
.87
.82
.86
.72
.84
.70
.87
.77
.85
.84
93
85
93
86
94
86
84
81
74
72
76
72
81
75
.94
.92
.93
.93
.95
.93
.88
.88
.76
.78
.78
.79
.83
. 82
86
89
92
88
89
86
90
77
87
65
87
74
91
.78
.89
.93
.96
.92
.93
.90
.94
.82
.91
.68
.91
.78
.94
.81
Primary-processed goods *
87
87
86
79
75
73
78
.92
.92
.91
.83
.79
.77
.81
Advanced-processed goods "
83
83
83
77
75
76
79
.87
.87
.87
.82
.80
.80
.83
Stone, clay, and glass . .
Nondurable goods 3-
.
Asset size:
$100 0 million and over
$10 0 to $99 9 million
Under $10 0 million
..
Food including beverage
Textiles—
._ _
Paper
Chemicals
Petroleum
Rubber.
.
.
1. Also includes producers of lumber, furniture, fabricated metals, instruments, and ordnance and miscellaneous manufactures.
2. Also includes producers of other transportation equipment.
3. Also includes producers of tobacco, apparel, printing and publishing, and leather.
4. Includes producers of lumber; stone, clay, and glass; primary metals; fabricated metals;
textiles; paper; chemicals (at H weight); petroleum; and rubber.
5. Includes producers of furniture, electrical machinery, machinery except electrical, motor
vehicles, aircraft, other transportation equipment, instruments, ordnance and miscellaneous
manufactures, food including beverage, tobacco, apparel, printing and publishing, chemicals
(at Y^ weight), and leather.
SUEVEY OF CUREENT BUSINESS
12
December 1975
Table 6.—Expenditures for New Plant and Equipment by U.S. Business!
[Billions of dollars]
Quarterly, unadjusted
Annual
1973
1974
1974 19752
I
II
Quarterly, seasonally adjusted annual rates
1975
III
IV
I
II
1976
III
IV 2
12
1974
I
II
1975
III
IV
I
II
1976
III
IV 2
12
99.74 112.40 113.49 24.10 28.16 28.23 31.92 25.82 28.43 27.79 31.45 26.54 107. 27 111. 40 113. 99 116. 22 114. 57 112. 46 112.16 114.80 118.16
All industries
.
38.01 46.01 48.31
_
Durable goods
9.49 11.27 11.62 13.63 10.84 12.15 11.67 13.66 10.98
42.96
45.32
47.04
48.08
49.05
48.78
47.39
48.16
49.88
19.25 22.62 22.05
Manufacturing
4.74
5.59
5.65
6.64
5.10
5.59
5.16
6.20
4.94
21.43
22.50
23.08
23.28
22.86
22.59
21.01
21.82
22.34
3.43
4.95
5.89
.93
1.14
1.24
1.64
1.32
1.57
1.42
1.58
1.37
4.17
4.71
4.96
5.76
5.82
6.45
5.68
5.57
6.24
Blast furnaces, steel works
Nonferrous metals
1.38
1.67
2.12
2.33
2.93
2.27
.35
.48
.48
.54
.51
.60
.78
.71
.60
.54
.76
.65
.74
.52
.83
.55
.68
.52
1.70
1.99
1.95
2.34
2.06
2.40
2.60
2.53
2.78
2.29
3.03
2.78
3.00
2.07
2.81
2.00
3.30
2.18
Electrical machinery
Machinery except electrical _
2.84
3.42
2.97
4.42
2.33
4.74
.63
.83
.77
1.05
.76
1.12
.81
1.42
.54
1.03
.56
1.16
.54
1.10
.69
1.44
.47
1.00
3.04
3.78
3.15
4.15
3.13
4.62
2.64
4.95
2.61
4.74
2.29
4.60
2.22
4.53
2.26
5.04
2.27
4.60
3.12
2.28
.53
3.75
2.70
.80
3.39
2.21
.92
.87
.66
.17
1.02
.77
.18
.94
.65
.22
.93
.62
.23
.79
.53
.20
.85
.53
.26
.81
.50
.23
.94
.66
.22
.77
.55
.18
3.94
3.02
.75
4.02
3.02
.72
3.73
2.58
.86
3.39
2.24
.84
3.46
2.37
.84
3.36
2.04
1.09
3.23
2.00
.89
3.52
2.43
.84
3.40
2.47
.75
Primary metals '
Transportation equipment
Motor vehicles
Aircraft 4
3
1.49
Other durables
fi
_.
.
1.44
1.39
.32
.36
.36
.40
.31
.37
.31
.39
.33
1.33
1.44
1.52
1.44
1.34
1.51
1.31
1.39
1.40
4.96
5.10
4.32
1.16
1.25
1.24
1.45
1.11
1.08
.98
1.15
1.00
5.17
5.02
5.12
5.10
4.89
4.40
4.05
4.04
4.42
18.76 23.39 26.27
Stone, clay, and glass.
4.75
5.69
5.96
6.99
5.74
6.55
6.51
7.46
6.04
21.53
22.82
23.96
24.80
26.20
26.19
26.38
26.34
27.53
Food including beverage _ _
Textiles
3.11
.77
3.25
.84
3.38
.68
.71
.23
.81
.22
.85
.20
.89
.20
.74
.15
.82
.15
.84
.17
.98
.20
.91
.20
3.11
.99
3.14
.82
3.34
.81
3.41
.76
3.32
.63
3.19
.59
3.33
.70
3.67
.80
4.04
.83
Paper
Chemicals
•1.86
4.46
2.58
5.69
2.91
6.30
.49
1.20
.62
1.33
.66
1.48
.82
1.69
.65
1.42
.69
1.63
.71
1.52
.86
1.73
.70
1.37
2.27
5.34
2.49
5.23
2.55
6.26
2.92
5.90
3.00
6.29
2.75
6.46
2.86
6.40
3.01
6.08
3.26
6.08
Petroleum
Rubber
5.45
1.56
8.00 10.50
1.47 1.04
1.47
.33
1.93
.39
2.03
.36
2.57
.39
2.19
.26
2.66
.25
2.65
.24
3.00
.28
2.24
.30
6.99
1.39
7.98
1.60
7.94
1.43
8.78
1.45
10.38
1.11
10.79
1.04
10.56
.98
10.27
1.02
10.64
1.30
1.56
1.55
1.46
.33
.40
.40
.43
.33
.35
.37
.41
.32
1.44
1.55
1.63
1.58
1.46
1.36
1.54
1.49
1.39
61.73 66.39 65.18 14.61 16.89 16.61 18.29 14.98 16.28 16.12 17.79 15.56
64.31
66.08
66.94
68.14
65.52
63.68
64.76
66.64
68.28
Nondurable goods
Other non durables
8
Nonmanufacturing
2.74
3.18
3.82
.68
.78
.80
.91
.91
.97
.94
1.00
.96
2.80
3.07
3.27
3.56
3.76
3.78
3.82
3.93
4.00
1.96
2.54
2.54
.50
.64
.64
.78
.59
.71
.62
.61
.60
2.10
2.42
2.68
3.05
2.39
2.70
2.75
2.36
2.49
Air transportation
2.41
2.00
1.84
.47
.61
.43
.48
.44
.47
.50
.43
.29
2.13
2.21
1.84
1.81
2.09
1.60
2.12
1.67
1.36
Other transportation
1.66
2.12
2.90
.34
.49
.58
.71
.62
.77
.85
.65
.65
1.63
1.84
2.16
2.71
2.82
2.75
2.99
2.91
3.04
18.71 20.55 20.31
4.38
5.30
5.20
5.67
4.42
4.94
5.07
5.88
5.15
20.12
20.97
20.16
20.93
20.28
19.52
19.79
21.54
23.62
15.94 17.63 17.03
Mining
Railroad
.
Public utilities
Electric
Gas and other
Communication
3.85
4.56
4.42
4.80
3.84
4.15
4.16
4.88
4.46
17.12
18.10
17.47
17.76
17.03
16.41
16.58
18.02
19.77
3.28
.52
.75
.78
.87
.58
.79
.91
1.00
.69
3.00
2.87
2.68
3.17
3.25
3.11
3.21
3.52
3.86
12.85 13.96 13.09
3.19
3.60
3.39
3.78
3.11
3.22
3.14
J 13.83
13.94
14.01
14.04
13.36
12.50
12.95
5.05
5.46
4.88
5.19
5.00
1 21. 69 21.63
22.84
22.04
20.82
20.83
20.34
33.76
5.57
5.97
1 34.24
21.40 22.05 20.67
2.76
-
Commercial and other ^
2.92
1. Excludes agricultural business; real estate operators; medical, legal, educational, and
cultural services; and nonprofit organizations.
2. Estimates are based on expected capital expenditures reported by business in late October
and November 1975. The estimates for the fourth quarter of 1975 and the first quarter of 1976
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, 1975
expenditures were expected to be $113.15 billion for all industries, $48.42 billion for manufact uring and $64.73 billion for nonmanufacturing.
1 9.21 7.90
3. Includes data not shown separately,
4. Includes guided missiles and space vehicles.
5. Includes fabricated metal, lumber, furniture, instruments, and 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,
__
T^-I
+ ^ + + + i \*
# , ,»•„
NOTE.- Detail may not add to totals because of rounding.
Balance of Payments Developments
Third Quarter 1975
u,
' .S. international transactions in the tions in major foreign countries re- income, increased. Accordingly, the
third quarter were dominated by a mained sluggish. Net services receipts, current-account surplus declined only
reduction in capital outflows that was particularly military and investment $0.3 billion to $3.5 billion.
strongly influenced by the upturn in
U.S. business activity and the rise in
CHART 5
U.S. interest rates. These factors also
contributed to a 6 percent rise in the
Indexes of Foreign Currency Prices of U.S. Dollar (May 29, 1970=100)
value of the dollar in exchange markets,
Index of trade-weighted average foreign
Index of foreign currency prices
to its highest level since the beginning
currency prices of U.S. dollar17
of U.S. dollar^/
of 1973 (chart 5).
120
100
France
Private U.S. capital outflows de100
clined to $2.7 billion, from $7.1 billion 80
in the second quarter (chart 6). The
largest declines were in U.S. bank- 60
80
27
reported outflows, which were down 120 Index of foreign currency prices of U.S. dollar
$3.0 billion, and in U.S. direct invest60
ment outflows, down $1.6 billion.
100
Foreign capital inflows dropped to
40
$0.2 billion, from $3.2 billion in the 801 I 1 1 1 1 1 I I I I I. t. t 1 1 1
second quarter. There were large and
20
contrasting movements of liquid private
140
and official funds. Inflows of liquid
Italy
100
funds from private foreigners (increases
120
in U.S. liabilities) rose to $4.3 billion,
80
following an outflow of $0.3 billion in
100
the second quarter. Rising U.S. interest
60
rates were a contributing factor. Trans80
actions of foreign official agencies, on the 120
other hand, shifted to net outflows of $4.6
\ \ i \ { I i i i I t i i 1 \ i i
60
billion from net inflows of $1.7 billion; 100
they were largely related to exchange
120
Switzerland
market intervention sales of dollars 801 i I I I t t I t t I I t I I I I I
100
by official agencies in several industrial 120
West Germany
countries.
Among current-account transactions, 100
80
there was a decline in the merchandise
trade surplus to $2.0 billion from $3.4 80
60
billion in the second quarter, as imports
rose more than exports. The rise in 60
40
imports, which followed a $3.0 billion
decline, reflected the impact of the U.S. 40L-L
i t <
t } \
20
1971
1972
1973
1974
1975
1971
1972
1973
1974
1975
business recovery and higher petroleum
1. Calculated from trade-weighted average of OECD countries' currencies against U.S. dollar at end of quarter.
imports. The rise in exports was mainly
Source: OASIA, U.S. Department of the Treasury.
in agricultural goods; other exports
2. Calculated from spot rates at end of quarter.
were little changed, as business condi- U.S. Department of Commerce, Bureau of Economic Analysis
13
SURVEY OF CURRENT BUSINESS
14
December 1975
Table A.—Selected Petroleum-Related Transactions
[Billions of dollars]
1974 r
1974'
1975
II
I
III
IV
I'
III*
II r
Change:
1975
II-III
January-September
Change:
1974-75
1974 r
1975 P
0.6
-19.1
0.6
-19.5
-.1
4.1
-.8 -12.4
7.3
-13.8
3.2
-1.4
Merchandise trade in petroleum and products:
U.S. exports
U S. imports
-
0.8
-26.1
-
0.2
-5.0
0.2
-6.8
0.2
-7.3
0.2
-7.0
0.2
-6.9
0.2
-5.7
0.2
-6.9
6.2
-17.2
1.1
-2.8
1.4
-4.4
1.6
-5.2
2.1
-4.8
2.2
-4.8
2.6
-4.1
2.5
-4.9
(*)
-1.2
(
*>-.4
Merchandise trade with OPEC: l
U.S. exports, total ._
U S imports, total
. . .
....^
Direct investment income:
Receipts from. U S direct investment in foreign petroleum affiliates
Payments for foreign direct investment in U.S. petroleum corporations
3.0
11.7
3.1
-4.9
-.5
-1.2
.7
-.2
.6
.6
1.6
1.1
2.8
-1.8
2.6
.9
.7
.9
-.9
-.3
-.3
-.3
-.1
-1.5
-.3
-1.1
-.3
-.7
-.9
.1
.2
.3
4.6
2.6
.3
.9
2.0
.1
.2
.3
.3
.3
3.1
-1.8
.2
9.2
2.5
-6.7
-4.1
-.9
3.2
.8
.4
-1.7
.1
1.5
.6
1.1
8.5
3.2
.1
.9
(*)
Direct investment capital flows:
U S direct investment in foreign petroleum affiliates (net outflows — ) ...
Foreign direct investment in U.S. petroleum corporations (net inflows +)--Increase (-f ) in U.S. liquid liabilities to OPEC (including all liabilities to OPEC
official agencies) 2
Net purchase (+) of U S stocks by OPEC
2
r
11.1
.3
Revised. * Preliminary.
*Less than $50 million (±).
1. Organization of Petroleum Exporting Countries including Algerfa, Ecuador, Gabon,
The first nine months of 1975
Developments in the balance of
payments for January-September 1975
showed some markedly different patterns as compared with the same period
last year. The most striking change was
in merchandise trade, which shifted
from a $3.9 billion deficit in 1974 to a
$7.2 billion surplus this year. Exports
rose 11 percent, to $79.6 billion, largely
due to higher prices for nonagricultural
goods, and imports declined 4 percent,
to $72.4 billion. In volume terms,
exports declined 3 % percent and imports
more than 15 percent. The latter decline
reflected an across-the-board drop in
U.S. demand for foreign products, due
to the combined influences of the
recession, the liquidation of inventories,
and the favorable cumulative effects on
the U.S. competitive position of the
depreciation of the dollar against a
number of leading foreign currencies.
Changes in other current-account
transactions were smaller. The net military deficit declined $1.0 billion to $0.6
billion, as transfers under military sales
contracts rose, and the net deficit on
travel and transportation declined $0.5
billion. Partly offsetting these shifts
was a $3.2 billion drop to $4.3 billion
in net investment income, primarily due
to reduced petroleum industry earnings.
(*)
(*)
(*)
-2.1
-.9
-5.3
.8
2. Partly estimated. Based on data for Indonesia, Venezuela, and Middle East and African
oil-exporting countries.
NOTE.—Details may not add to totals because of rounding.
The net result was a near $10 billion
increase in the goods and services surplus, to $12.7 billion.
Among capital flows, there was a
sharp decline of almost $7 billion in
bank-reported outflows from their extraordinary high level last year, when
U.S. banks had served as international
financial intermediaries to help meet
the sharply increased demand for funds
by other petroleum-importing countries
to finance higher priced petroleum
purchases. (The moderation in bank
lending was particularly evident in
the third quarter.) On the other hand,
compared with the first 9 months of
1974, net U.S. purchases of foreign
securities increased $2.7 billion to
$4.0 billion. International organizations floated their first sizable issues in
3 years in the U.S. market, and purchases of new Canadian and other
issues rose, especially in the first
quarter, when borrowing costs in the
United States were relatively low.
Partly offsetting were net foreign purchases of U.S. securities, up $1.0
billion to $2.4 billion; a substantial rise
in net purchases of U.S. stocks by
foreigners more than offset net sales of
U.S. bonds.
At $4.0 billion, direct investment
outflows were little changed from 1974.
There were significant changes in the
industry composition of U.S. direct
investment flows. Petroleum-related
transactions resulted in net outflows of
$1.6 billion, compared with net inflows of $0.4 billion last year (these
had reflected temporary delays in
payments to producing affiliates, followCHART 6
U.S. Private Capital Outflows, Net
Billion $
12
1973
1974
Seasonally Adjusted
U.S. Department of Commerce, Bureau of Economic Analysis
1975
December 1975
ing the sharp jump in petroleum prices).
In contrast, net capital outflows to
nonpetroleum affiliates declined more
than $2 billion to $2.8 billion; the
decline was probably due to reductions
in plant and equipment requirements
as a result of slow business conditions
abroad.
Bank-reported capital inflows
through liquid liabilities to private
foreigners were only $2.1 billion in the
first 9 months of the year, $9.8 billion
less than in 1974. After declining in the
first two quarters, these liabilities rose
sharply in the third, as U.S. interest
rates rose relative to those in several
foreign financial centers. Liabilities to
foreign official agencies rose only $0.8
billion compared with $5.1 billion last
year. Liquid liabilities to Organization
of Petroleum Exporting Countries
(OPEC) official agencies increased $2.9
billion, $4.9 billion less than last year
(table C). During 1975, there were
contrasting movements within liabilities to foreign official agencies. Increases in the first two quarters were
largely offset by a decrease in the third.
In that quarter, there were large
exchange market intervention sales of
dollars by foreign official agencies in
Western Europe and Japan to help
limit the appreciation of the dollar. In
contrast, liabilities to official agencies
in
petroleum-exporting
countries
showed their largest rise in the third
quarter.
Transactions related to foreign direct
investment in the United States showed
net inflows of $0.9 billion in JanuarySeptember 1975, down almost $2
billion from 1974. The decline was
wide-spread, with Europe and Canada
accounting for the largest drops. Petroleum-related transactions related to
foreign direct investment continued to
be significant, although they did not
influence income and capital flows to
the same extent as last year.
A summary of readily identifiable
petroleum-related transactions and
their impact on U.S. international flows
is shown in table A (the enormous bank
lending in the first nine months of 1974
and the more moderate outflows this
year are not shown in the table). Although total U.S. merchandise imports
declined, the value of petroleum imports
SURVEY OF CUERENT BUSINESS
15
was slightly above the high 1974 level. February, when its average depreciation
Exports to OPEC rose almost 80 per- against OECD currencies rose to near
cent, so that the trade deficit with that 19 percent (compared with less than 17
group declined $1.8 billion. Among percent in January), approaching its
other current-account transactions, the June 1973 low. Among factors contributsharp drop in direct investment income ing to the weakness were sharp declines
receipts was almost entirely accounted in U.S. short-term interest rates and
for by petroleum affiliates. Major fac- economic activity, and heavy banktors were: lower petroleum production, reported capital outflows. The dollar
related to the global recession and to increased after February, and declined
conservation measures in a number of again in May. The May decline was less
industrialized consuming countries, and than the one earlier in the year, and was
higher tax and royalty rates imposed related to another drop in U.S. interest
by a leading producing country. These rates and a heavy demand for French
factors also contributed to a large de- francs.
cline in income payments. PetroleumFrom midyear to August, the dollar
related U.S. direct investment capital appreciated sharply, especially vis-a-vis
flows showed a $2.1 billion shift to net the leading European currencies against
outflows. The outflows were largely which it had depreciated earlier. The
related to increased plant and equip- marked rise in U.S. short-term inment spending in the Middle East, terest rates, the surprising strength of
Asia, and Africa; the net inflow for these U.S. trade and current-account transareas last year had reflected the pre- actions, and the upturn in U.S.
viously mentioned delay of payments by economic activity (in contrast to a
U.S. parents to their producing lack of similar economic recovery in
affiliates.
other leading countries), combined to
Other identifiable OPEC investment provide the economic and psychological
in the United States was about half as underpinning for dollar strength. Follarge as in 1974, and was again largely lowing a flattening until late September,
in liquid money market instruments. the dollar exchange rate renewed its
Direct OPEC purchases of U.S. com- upward trend. At the end of the third
mon stocks in the first 9 months of 1975 quarter, it stood at its highest level
averaged about $100 million a month, since the beginning of 1973, showing an
well above the 1974 level.
average depreciation against OECD
1
currencies of only 10% percent. Because
The U.S. dollar in exchange markets
of the strengthening of the dollar, the
From January to September, the
Federal Reserve System was able to
dollar registered a significant net gain,
most of which occurred beginning in repay fully drawings that had been
late June (chart 5). The end-of-quarter made under reciprocal currency araverages mask some significant cross- rangements (swaps) with foreign cencurrents within the first two quarters. tral banks toward the end of 1974 and
The dollar was particularly weak in in the first half of 1975.
Major Transactions in the Third Quarter
Merchandise trade 2
Merchandise exports rose $1.0 billion
to $26.7 billion in the third quarter,
1. There is no perfect overall measure of the performance of
the dollar in exchange markets. The measure used by BE A
is the U.S. Treasury trade-weighted average exchange rate
changes of Organization for Economic Cooperation and
Development (OECD) currencies against the dollar, from
May 29, 1970.
2. These figures are on a balance of payments basis, which
excludes military trade of U.S. defense agencies and reflects
adjustments to the Bureau of Census trade figures for tuning,
coverage, and valuation.
and imports rose $2.4 billion to $24.7
billion (tables Bl and B2). Export
prices, as measured by the Census
Bureau's unit value index, declined
less than 1 percent; import prices
declined 3.5 percent, the first quarterly
decline this year. In volume terms,
exports rose 4.5 percent and imports
14.5 percent.
Agricultural exports rose $0.7 billion
SUKVEY OF CUKRENT BUSINESS
16
average prices, however, declined for
the third consecutive quarter. Nonagricultural exports rose $0.4 billion
to $21.2 billion, as volume increased
and average prices were unchanged.
Contributing to the rise were shipments
of civilian aircraft, automotive equipment, and consumer goods.
to $5.5 billion, after declining $1.4
billion in the second quarter. Shipments
to industrial countries accounted for
most of the rise; there was also some
increase in shipments to the U.S.S.R.
(with a much larger increase expected
in the fourth quarter). Volume recovered to near the first quarter level;
December 1975
Over half the total import rise in the
third quarter was accounted for by
a $1.3 billion rise, to $7.1 billion, in
petroleum imports (including imports
into the Virgin Islands). The rise was
probably in response to an increase
in U.S. consumption and the continued
drop in U.S. petroleum production.
Table Bl.—U.S. Merchandise Trade, by Principal End-Use Categories—Reconciled to Balance of Payments Basis ]
[Millions of dollars]
Seasonally adjusted
Line
(Numbers in parenthesis ( ) refer to line numbers in table 4)
1974
1974
I
II
1975
III
IV
I
II '
III*
Change:
1975
II-III
January-September
1974
1975 P
Change:
1974-75
EXPORTS
1 Total, adjusted to balance of payments basis, excluding "military" (8)... 98,309
7,880
22,464
24,218
25,034
26,593
27,188
25,692
26,716
1,024
71.716
79,596
2
Agricultural goods (18a)
22,413
5,812
5,719
5,258
5,624
6,269
4,838
5,491
653
16, 789
16,598
-191
3
Nonagricultural goods (18c)
75,896
16, 652
18,499
19, 776
20,969
20,919
20,854
21,225
371
54,927
62,998
8,071
4
Foods, feeds, and beverages (19)
18,608
4,892
4,669
4,288
4,759
5,456
4,085
4,647
562
13,849
14,188
339
18,330
4,812
4,591
4,224
4,703
5,383
4,005
4,571
566
13,627
13, 959
332
30,623
6,726
7,724
8,083
8,090
8,238
7,539
7,572
33
22,533
23,349
816
5
6
Foods, feeds, and beverages—agricultural
Industrial supplies and materials (23) ...
.. . » J U
3,819
7
10
11
12
13
14
15
Machinery, except consumer-type (35)
Civilian aircraft,*complete —alf types (44a)
..
840
833
781
868
87
2,979
2,482
-497
7,121
202
7,250
211
7,405
225
6,758
231
6,704
248
-54
17
19,554
557
20,867
704
1,313
147
6,586
7,263
7,915
8,642
8,518
8,851
9,189
338
21,764
26,558
4,794
5,253
667
5,763
839
6,475
754
6,740
1,135
6,939
739
7,268
783
7,309
1,034
41
251
17, 491
2,260
21, 516
2,556
4,025
296
8,625
Automotive vehicles, parts, and engines (46)
To Canada (47) 2
To all other areas (48) .
962
6,656
190
30,406
Capital goods, except automotive (34) _
1,068
5,777
165
24,231
3,395
Nonagricultural
Petroleum and products (part of 24)
949
26,804
768
Agricultural.
8
9
.
1,906
2,001
2,261
2,457
2,232
2,693
2,849
156
6,168
7,774
1,606
6,205
2,420
1,398
508
1,401
600
1,622
639
1,784
673
1,499
733
1,762
931
1,886
963
124
32
4,421
1,747
5,147
2,627
726
880
134
4,783
4,773
-10
16
Consumer goods (nonfood), except automotive (52)
6,382
1,513
1,623
1,647
1,599
1,577
1,531
1,665
17
All other, including balance of payments adjustments, not included
above
.
3,665
841
938
840
1,046
1,167
993
794
-199
2,619
2,954
335
-3,251
IMPORTS
22,587
25,677
27,349
27,973
25,358
22,314
24,690
2,376
75,613
72,362
19
Agricultural goods
10, 395
2,613
2,621
2,601
2,560
2,300
2,290
2,496
206
7,835
7,086
-749
20
Nonagricultural goods
93, 191
19, 974
23,056
24, 748
25,413
23,058
20,024
22,194
2,170
67, 778
65, 276
-2,502
18
Total, adjusted to balance of payments basis, excluding "military" (16).. 103,586
21
Foods, feeds, and beverages (61)
10,585
2,840
2,631
2,547
2,567
2,382
2,258
2,561
303
8,018
7,201
-817
22
23
Industrial supplies and materials (66) _.
Petroleum and products (67a)
54,609
26, 143
10, 631
4,694
13,368
6,765
14,922
7,388
15,688
7,296
14,082
6,513
11,524
5,734
12,587
7,072
1,063
1,338
38,921
18,847
38,193
19,319
-728
472
24
Capital goods, except automotive (80)
25
26
27
28
29
Machinery, except consumer-type (81).
Civilian aircraft, engines, parts (89)
Automotive vehicles, parts, and engines (90)
From Canada (91) .
From all other areas (92)
..
9,544
2,095
2,366
2,548
2,535
2,468
2,384
2,345
-39
7,009
7,197
188
8,908
636
1,944
151
2,185
181
2,372
176
2,407
128
2,324
144
2,219
165
2,236
109
17
-56
6,501
508
6,779
418
278
-90
12,079
2,905
3,041
3,263
2,870
2,611
2,622
3,319
697
9,209
8,552
-657
5,671
6,408
1,332
1,573
1,240
1,801
1,574
1,689
1,525
1,345
1,289
1,322
1,380
1,242
1,713
1,606
333
364
4,146
5,063
4,382
4,170
236
-893
3,407
3,682
3,893
3,804
3,392
3,118
3,344
226
10, 982
9,854
-1,128
709
589
176
509
423
408
534
126
1,474
1,365
-109
-1,352 -3,897
7,234
11,131
30
Consumer goods (nonfood), except automotive (96)
14,786
31
All other, including balance of payments adjustments, not included
above
1,983
BALANCE (EXPORT SURPLUS +)
32
Balance on merchandise trade, adjusted to balance of payments basis,
excluding "military" (17)
-5,277
r
-123
Revised.
P Preliminary.
1. Balance of payments adjustments—for timing, coverage, and valuation—to the Census
trade figures have been distributed by commodity categories to the extent that appropriate
commodity information was available. Adjustments for which commodity data were not
available are reflected in the "All other" category, line 17 (exports) and line 31 (imports). This
table reflects the adjustments resulting from the United States-Canada reconciliation project
conducted by the intergovernmental United States-Canada Trade Statistics Committee
(see Technical notes in June 1975 SURVEY, p. 25.) (NOTE.- Quarterly figures for all items are
adjusted to correct for discrepancy between sum of four quarters, seasonally adjusted, and
the unadjusted annual totals.)
-1,459 -2,315 -1,380
1,830
3,378
2,026
2. The statistical identification of automotive products exports to Canada (line 14) is not
as complete and comprehensive as the identification of automotive products imports from
Canada, which are more definitively classified for duty-free status under the United StatesCanada Automotive Products Trade Act. The less comprehensive identification in U.S
trade statistics of automotive parts exports results in some understatement of automotive
exports to Canada (line 14). However, the undercounting of automotive shipments to Canada
due to unreported exports—noted in footnote 13 of table 4—has largely been corrected in this^,
table.
SURVEY OF CURRENT BUSINESS
December 1975
Nearly all the $1.0 billion export
Although average petroleum import
prices eased slightly, volume ap- rise in the third quarter was to conproached the record quarterly levels of tinental Western Europe (agricultural
the second half of 1974. A rise in the goods) and Canada (automotive equipvolume of other industrial supplies ment). About four-fifths of the rise in
was more than offset by a decline in imports was from less-developed counprice, so that the value of such im- tries and OPEC (mainly petroleum).
ports declined for the third consecutive
quarter. Imports of automotive equip- Other goods and services
Income from U.S. investment abroad
ment, foods and beverages, and consumer goods rose in both value and rose $0.4 billion to $4.7 billion. About
volume, following declines in the first half the rise was in income from U.S.
half of the year.
direct investment abroad, primarily
17
due to increased petroleum earnings.
Higher interest rates on bank lending
accounted for most of the remainder.
At $2.9 billion, income payments to
foreigners were unchanged from the
second quarter.
Net receipts for other goods and
services rose $0.5 billion. The largest
change was a $0.4 billion, rise, to $1.2
billion, in transfers of goods and services under military sales contracts.
About half of it was accounted for by
shipments to Israel.
Table B2.—U.S. Merchandise Exports and Imports, by Major World Areas 1—Balance of Payments Basis, "Excluding Military"
[Millions of dollars]
Seasonally adjusted
Line
1974
1974
I
II
1975
III
IV
I
II'
HIP
Change:
1975
II-III
January-September
1974
1975P
Change:
1974-75
EXPORTS
1 Total, all countries 2.
2
3
4
5
98,309
24,218
25,034
26,593
27,188
25,692
26,716
1,024
71,716
79,596
7,880
28,264
6,613
7,258
6,937
7,456
8,261
6,901
7,371
470
20,808
22,533
1,725
.. .
United Kingdom
EEC (6) .. .
Other Western Europe.
22,464
_
Western Europe
4,798
16,508
6,958
1,114
3,851
1,648
1,216
4,305
1,737
1,175
4,046
1,716
1,293
4,306
1,857
1,445
4,808
2,008
1,140
3,973
1,788
1,176
4,222
1,973
36
249
185
3,505
12, 202
5,101
3,761
13,003
5,769
256
801
668
6
7
Eastern Europe
Canada2..
1,630
21,848
384
4,947
429
5,181
343
5,672
474
6,048
521
5,639
460
5,743
689
6,119
229
376
1,156
15,800
1,670
17,501
514
1,701
8
9
Latin American Republics and other Western Hemisphere
Japan
_ ._
15,823
10.723
3,488
2,543
3,975
2,581
4,048
2,729
4,312
2,870
4,528
2,486
4,269
2,347
4,101
2,448
-168
101
11,511
7,853
12,898
7,281
1,387
-572
Australia, New Zealand, and South Africa. .
Other countries in Asia and Africa. .....
3,758
16,263
810
3,679
955
3,839
976
4,329
1,017
4,416
834
4,919
901
5,071
809
5,179
-92
108
2,741
11,847
2,544
15, 169
-197
3,322
10
11
IMPORTS
12
Total, all countries 2
103,586
22,587
25,677
27,349
27,973
25,358
22,314
24,690
2,376
75,613
72,362
-3,251
13
Western Europe
24,267
5,594
6,272
5,917
6,484
5,795
4,813
4,833
20
17,783
15,441
-2,343
4,123
14,398
5,746
954
3,290
1,350
1,044
3,819
1,409
1,080
3,452
1,385
1,045
3,837
1,602
1,107
3,421
1,267
862
2,858
1,093
882
2,777
1,174
20
-81
81
3,078
10,561
4,144
2,851
9,056
3,534
-227
-1,505
-610
14
15
16
United Kingdom
_
EEC (6)
Other Western Europe. .
17
18
Eastern Europe.
Canada 2
977
22,398
281
5,167
254
5,359
198
6,011
244
5,861
204
5,204
153
5,108
173
5,727
20
619
733
16,537
530
16,039
-203
-498
19
20
Latin American Republics and other Western Hemisphere
Japan
18,658
12, 414
4,232
2,708
4,602
2,949
4,807
3,327
5,017
3,430
3,938
3,287
3,901
2,600
4,567
2,623
666
23
13,641
8^984
12,406
8,510
-1,235
-474
21
22
Australia, New Zealand, and South Africa
Other countries in Asia and Africa
2,018
22,854
543
4,062
463
5,778
452
6,637
560
6,377
594
6,336
563
5,176
538
6,229
-25
1,053
1,458
16,477
1,695
17, 741
237
1,264
-1,352 -3,897
BALANCE (EXPORT SURPLUS +)
23
Total, all countries 2
-5,277
1,830
3,378
2,026
7,234
11,131
24
Western Europe
3,997
1,019
986
1,020
972
2,466
2,088
2,538
450
3,025
7,092
4,067
675
2,110
1,212
160
561
298
172
486
328
95
594
331
248
469
255
338
1,387
741
278
1,115
695
294
1,445
799
16
330
104
427
1,641
957
910
3,947
2,235
483
2,306
1,278
653
-550
103
-220
175
-178
145
-339
230
187
317
435
307
635
516
392
209
-243
423
-737
1,140
1,462
717
2,199
-627
-368
-759
-598
590
-801
368
-253
-466
-175
492
-834 -2,130
78 -1, 131 -1,229
2,622
-98
849
-67
1,283
-945 -4,630 -2, 572
-434
2,058
2$
26
27
United Kingdom
EEC (6)
Other Western Europe
-123 -1,459 -2,315 -1,380
28
29
Eastern Europe
Canada2
30
31
Latin American Republics and other Western Hemisphere
Japan
-2,835
-1,691
-744
-165
32
33
Australia, New Zealand, and South Africa
Other countries in Asia and Africa
1,740
-6, 591
240
492
524
457
267
-383 -1, 939 -2,308 -1,961 -1,417
r
.
__
Revised.
* Preliminary.
1. Annual data shown in this table match corresponding country and area data in table 9,
lines 2 and 16; seasonally adjusted quarterly data shown in this table are computed from
corresponding unadjusted data presented in table 9, lines 2 and 16. (NOTE.—Quarterly figures
599-064 O - 76 - 3
-705
-560
271
338
-105 -1,050
for all items are adjusted to correct for discrepancy between sum of four quarters, seasonally
adjusted, and the unadjusted annual totals.)
2. This table reflects the adjustments resulting from the United States-Canada trade reconciliation project conducted by the United States-Canada Trade Statistics Committee (see
Technical notes in June 1975 SURVEY, p. 25).
18
Direct investment
U.S. corporate capital outflows for
direct investment abroad declined to
$0.7 billion in the third quarter, from
$2.3 billion in the second. The decline
was split equally between petroleum
and other industries. Substantial shifts
of funds from foreign petroleum affiliates to foreign financing affiliates accounted for most of the decline in
petroleum industry outflows. Transactions with nonpetroleum affiliates in
Western Europe shifted to net inflows.
Short-term debts accumulated in earlier
periods were repaid to U.S. parents,
probably reflecting reduced requirements for funds to expand plant and
equipment in areas where economic
activity had slowed.
Capital flows related to foreign direct
investment in the United States shifted
to net outflows of $0.1 billion, from
net inflows of $0.7 billion in the second
quarter. The shift resulted from transactions of a few U.S. subsidiaries,
which made prepayments for imports
from their foreign parents. Net capital
inflows from other foreign parents to
U.S. companies were about the same
as in the second quarter.
Security transactions
SUEVEY OF CUEEENT BUSINESS
the smallest quarterly rise in two years.
The slowdown was more than accountedfor by a $2.2 billion decline in short
term claims on Bahamain banks, following a $2.7 billion rise in the second
quarter. Claims on Japan rose slightly
in the third quarter, after sharp
declines in the first and second, and
claims on OPEC and Western Europe
increased. Claims on less-developed
areas also rose, but by only two-thirds
as much as in the second quarter. The
slower pace of U.S. bank lending to
foreigners reflected the rise in U.S.
interest rates relative to those in several
leading countries and a recovery of
Eurobank lending and renewed confidence in the Eurobond market, following
the troubled state of those markets in
1974.
Liquid liabilities to private foreigners
U.S. liquid liabilities to private
foreigners rose $4.3 billion, compared
with a $0.3 billion decline in the second
quarter. Eising U.S. short-term interest
rates were an important factor in this
shift. Most of the increase in liabilities
was to the World Bank and to commercial banks in the Caribbean area
and in Japan. In Japan, authorities
shifted dollar holdings to commercial
banks.
Liabilities to foreign official agencies
U.S. liabilities to foreign official
agencies decreased $4.6 billion, compared with a $1.7 billion rise in the
second quarter. Data not adjusted for
seasonal influences indicate that a rise
in liabilities to OPEC official agencies
of $1.7 billion (the largest this year)
was more than offset by declines to
other official agencies (table C). Liabilities to official agencies in industrial
countries showed the largest decline,
$3.4 billion. It was mainly due to large
intervention sales of dollars in exchange
markets to support foreign currencies
against the dollar.
The Balances
THE balance on goods and services was
in surplus by $4.5 billion in the third
quarter, compared with $5.0 billion
in the second (chart 7 and table D).
The small decline resulted from a $1.4
billion reduction in the merchandise
trade balance, which was partly offset
by a rise in military sales and in net
investment income.
The balance on current account was
in surplus by $3.5 billion, compared
with $3.8 billion in the second quarter,
reflecting the changes in goods and
services and a small decline in U.S.
Government grants and private remittances abroad.
The balance on current account and
long-term capital was in surplus by
$1.6 billion, compared with $1.0 billion
in the second quarter, as net long-term
private capital outflows dropped $1.1
billion. This balance, intended to serve
as a rough indicator of long-term trends
Bank-reported claims
in the U.S. balance of payments, .is
The $0.8 billion rise in claims (capital subject to limitations. For instance, all
outflows) reported by U.S. banks was direct investment transactions are clas-
Net U.S. purchases of foreign securities were $1.0 billion, unchanged from
the second quarter. Purchases of World
Bank new issues were offset by a decline
in purchases of Canadian and Israeli
new issues. Continued large flotations
by international organizations and the
steady stream of Canadian issues will
push 1975 net U.S. purchases to a
record level.
Net foreign purchases of U.S. securities (other than Treasury issues) rose
$0.4 billion to $1.0 billion. There was a
$0.4 billion rise to $1.3 billion in net
purchases of U.S. stocks, mainly by
Western European countries. A drop in
purchases of Eurobonds newly issued
abroad by U.S. corporations, and increased sales of U.S. agency issues by
the World Bank, were offset by net
foreign purchases of other U.S. bonds.
December 1975
sified among long-term capital accounts
although many of the transactions are
short-term and may be reversed within
relatively short time periods.
The net liquidity balance was in
surplus by $0.2 billion, compared with
$0.9 billion in the second quarter. This
balance was intended, under fixed exchange rates, to indicate potential
pressure on the dollar resulting from
changes in the U.S. liquidity position.
Under a system of managed floating
exchange rates, the usefulness of the
net liquidity balance is limited. In
addition, the balance is subject to a
number of deficiencies—as it was under
fixed rates—related to difficulties in
distinguishing liquid from nonliquid
liabilities and claims.
The official reserve transactions balance was in surplus by $4.9 billion in
the third quarter, compared with a
$1.7 billion deficit in the second.
Changes in this balance reflect changes
in U.S. liabilities to official agencies,
(Continued on page 84)
SURVEY OF CURRENT BUSINESS
December 1975
19
Table 1.—U.S. Balance of Payments Summary
[Millions of dollars, seasonally adjusted]
(Credits +' debits
Line
Reference
lines
(table 2)
)
1
2
3
4
5
^Merchandise trade balance *
Exports
Imports Military transactions, net .
Travel and transportation, net
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
Other services, net 2
._
..
--
-
1975
January-September
Change
1975
II-III 1974 r 1975 v Change:
1974-75
I
II
III
IV
I'
II r
Hip
-5, 277
-123 -1, 459 -2, 315 -1,380
1,830
3,378
2,026 -1, 352 -3, 897
7,234
2
98,309 22,464 24,218 25,034 26, 593 27,188 25, 692 26, 716
1,024 71, 716 79, 596
16
-103, 586 -22, 587 -25, 677 -27, 349 -27, 973 -25, 358 -22, 314 -24, 690 -2,376 -75, 613 -72, 362
3, 17
-503
-513
-2,158
-646
-498
-349
-405
128
533 -1,662
-626
-2, 692
-513
4, 5, 6,
-721
-741
-717
-572
-393
-480
-87 -1, 951 -1, 445
18, 19,
20.
Investment income, net 2
U S direct investments abroad 2 .
Other U.S. investments abroad
Foreign investments in the United States 2
.
1974 r
1974 '
10, 121
2,354
1,964
3,245
2,559
1,176
1,392
1,778
11
17, 679
4,500
4,399 4,700 4,080
2,171
2,156
2,371
12, 13 .
8,389
1,629
2,048 2,354
2,358
2,148
2,075 2,307
-15, 946 -2,884 -4,483 -4,700 -3,879 -3, 128 -2,854 -2,900
25, 26,
27.
-
Balance on goods and services 3
7, 8, 9,
10, 21,
22, 23,
24.
_
Remittances, pensions and other transfers
3,830
886
936
960
1,049
1,093
1,043
1,095
3,825
Balance on goods, services and remittances
U.S. Government grants (excluding military grants of goods
and services).
30
Balance on current account 3
2,992
78
-235
989
3,178
5,015
4,547
-1, 721
-370
-457
-457
-439
-448
-462
-426
2,104
. 31, 32....
2,622
-379
-692
550
2,730
4,553
4,121
-808
-649
-727
-721
-621
3,832
3,500
-821
-701
4-5,461 * -2, 596 -1,408
4 -3,357
U.S. Government capital flows excluding nonscheduled repayments, net. 6
Nonscheduled repayments of U.S. Government assets
U.S. Government nonliquid liabilities to other than foreign
official reserve agencies.
Long-term private capital flows, net
U.S. direct investments abroad
Foreign direct investments in the United States
Foreign securities
.
.
U.S. securities other than Treasury issues. .
Other, reported by U.S. banks
Other, reported by U.S. noribi ^.king concerns
34,35,
36.
37
48.
39
49
40
50
41, 53
44, 51
Balance on current account and long-term capital 5
1
710
-8,463
-7, 455
2,224
-1,990
672
-1, 166
-748
-10,702
Nonliquid short-term private capital flows, net
Claims reported by U.S. banks
Claims reported by U.S. nonbanking concerns
Liabilities reported by U.S. nonbanking concerns.
Allocations of special drawing rights (SDR)3
Errors and omissions, net
42
45
52
63
64
426 -1,787 -1,500
4408 4 1, 314
(*)
97
273
(*)
211
-99
2,003
-195
-985
-1,015
(*)
278
(*)
125
541
467
(*)
138
264
-999 -2, 157 -5, 570 -2, 199 -2, 431 -1, 357
-745 -1, 572 -1, 828 -3, 310 -1,041 -2,304
-668
-1
-653
1,700
340
679
-124
1,177
-313
-304
-726 -2, 021 -1,001
-646
-998
-663
692
204
440
653
1,033
678
-23
-906
-285
-437
-710
48
-648
67
-276
-348
307
165
-191
110
1,701 -2,302 -3,574 -6,529
-12, 936 -3,908 -5, 265 -1,458 -2,305
-12, 173 -2,817 -5, 336 -1, 614 -2, 406
-276
-682
-137
-2,603 -1,508
432
753
1,840
417
238
7,563 4,346 -3,217
386
200 13, 599
6,698 -6,901
6,031
232
6,530
499
-46 -12, 067 -8,882
3,185
52
-468
2,782
3,231
449
2,835
12,740
9,905
36 -1,284 -1,336
-52
11,404
9,853
-432
1,551
100 4-4,812 -2,069 4 2, 743
-332 4-3,261
120
(*)
-329
(*)
586
(*)
1,146
(*)
560
1,074 -2, 892 -5,987 -3,095
1,636 -4, 145 -4, 013
132
-803
2,876
895 -1,981
3 -1, 263 -4,020 -2, 757
2,364
355
1,336
1,028
-62
-914
-881 -1, 795
-815
582
-55
1,397
1,580
533 -4, 175
-365 -10, 631
-108 -9, 767
369 -2, 466
1.602
-626
1,047
9,335 412,596
4 1, 392 -2,537 4 -3, 929
-970 -1, 335
1,929
1,733 -1,008 -1, 116
-167
202
250
-54
205
-421
-670
11, 131
7,880
3,251
1,036
506
1,957
6,132
-376 10,255
-391
9,376
2,751
285
-270 -1,872
3,462
2,873
-589
-712 -11,344
4,454
15,798
-880
Liquid private capital flows, net
Liquid claims
Reported by U.S. banks
Reported by U.S. nonbanking concerns
Liquid liabilities
To foreign commercial banks
To international and regional organizations
To other foreigners
43
46
54
1,236
2,067
843
-37
-18,940 -1,193 -6,254 -3,897 -7,598
Net liquidity balance!
3,326
920
208
2.054
10.543 1.745
-6. 267 -2, 620 -1,297
-6, 134 -2,343 -1,306
9
-133
-277
16.810 4,365 3,351
12, 621 4,300
2,413
332
1.319
-536
606
2,870
601
4,014
2,730 -6.587 -2,634
-249 -2T 101 -4,744 -2,287
-753 -1, 732 -5,062 -2,413
126
504
318
-369
-347
4,263 4,831 -1.843
175
2,730 -2,818
3,178
-666
215
1,308
871
144
104
870
793
4,711
378
926
-548
4,333
2,429
1,191
713
7,345 7,813 -4,510 -12,323
2,665 -4,166 -6,653 -2,487
3,339 -4,402 -6,549 -2, 147
-104
236
-674
-340
2,143 -9,836
4,680 11,979
9,891
-214 -10, 105
2,254
11
1,385
1,396
1,857
2,077
961 -1,116
569
552 -4,200
117 -4,868 -3,261 -1,714
4,919
6,633 -3,531
4,698
-8,397
Official reserve transactions balancet
Financed by changes in:
Liquid liabilities to foreign official agencies... .
Other readily marketable liabilities to foreign official agencies 7. .
Nonliquid liabilities to foreign official reserve agencies reported
by U.S. Government.
U.S. official reserve assets, net
Memoranda:
Transfers under military grant programs (excluded from lines
2, 4, and 14).
Reinvested earnings of foreign incorporated affiliates of U.S.
firms (excluded from lines 7 and 20) .
Reinvested earnings of U.S. incorporated affiliates of foreign
firms (excluded from lines 9 and 21) .
Gross liquidity balance, excluding allocations of SDR
55
56
57
8,503
673
655
58
-1,434
14, 28—.
1,014
1,313
-62
-278
-2
3,930
185
443
-210
-358
1,135
751
136
-1
3,886
630
215
-1,003
137
-325
-29
-342
490
787
1,244
n.a.
n.a.
n.a.
n.a.
-25, 207 -3,813 -7,551 -4, 146 -9, 699 -1,418 -1,367
586
n.a.
n.a.
n.a.
1,554
n.a.
n.a.
4,619
43
440
-1,571
3,475
6-654 6-5,273
1,414
1,371
6-8
6-448
-696
875
1,322
2,097
775
n.a
n.a.
n.a.
n.a.
n.a.
352
406
-313
n.a.
66 -1,178
564
1,811
7,508
54, 55,
56, 57,
58,63.
2,751 « 1,423 e-4,828 6-6,251
-69
252
321
841
8-1
6-1
-6
(«)
-56
n.a.
n.a.
n.a.
1,953 -15,510 -2,199
13,311
11,442
10, 113
8,012
146
3,745
-453
9,966
9,913
12,659
6,232
16, 210
3,874
Not seasonally adjusted
51
52
53
54
55
56
Balance on goods and services
_
Balance on goods, services and remittances. .
B alance on current account
Balance on current account and long-term capital 5
Net liquidity balance f
-.Official reserve transactions balancet--
--
•• Revised.
9 Preliminary.
"Less than $500,000 (±).
n.a. Not available.
t See table D.
1. Adjusted to balance of payments basis; excludes exports under U.S. military agency
sales contracts and imports of U.S. military agencies.
2. Fees and royalties from U.S. direct investments abroad or from foreign direct investments in the United States are excluded from investment income and included in "other
services".
3. Conceptually, line 11 is equal to net exports of goods and services, and the sum of lines
15 and 31 is equal to "net foreign investment" in the national income and product accounts
of the United States. Beginning with 1973-IV however, these components in the product
accounts exclude the shipments and the financing of extraordinary military orders placed
by Israel. The balance of payments accounts include these transactions as follows in billions
of dollars (line references are to tables 2 and 3) : 1974-1, line 3, 0.1 line 35 -0 1- 1974-11 line 3
0.1, line 35, 0.5, line 30, -0.6; 1974-III, line 3, (*), line 35, 0.2, line 30, -0.2; 1974-IV, line 3, (*).
4,274
3,934
1,325
2,452
-237
1,407
73
-394
-1,868
-2,441
-6,690
-4,050
1,978
-2,871 2,348 4,230 5,234
4,762
3,812
-3.340
1,904
1,539
964
-4,104 1,289 3,075 3,973
-837
-134
1,116
-6,097 -4,616
774 -1,500
-5,538 -6,475 4,471
-1,684 -4,070 -2,214 -1, 290 3,051
1,476
-3,256
200
-3,223
-3,009 -4,647
-1,953 -6,086
-2, 274 -12,465
4,341 -4,327
line 48, 0.1, line 30, -0.1; 1975-1, line 3, 0.1, line 48, 0.1, line 30, -0.2; 1975-11, line 3, (*), line
48, 0.1, line 30, -0.1; 1975-III, line 3, 0.1, line 30, -0.1, line 48, (*).
4. Includes extraordinary U.S. Government transactions with India. See "Special U.S.
Government Transactions" June 1974 SURVEY, p. 27.
5. Includes some short-term U.S. Government assets,
6. All nonmarketable U.S. Treasury securities issued to foreign official reserve agencies
are included in U.S. liquid liabilities to foreign official agencies beginning in the second
quarter 1975 (see also footnote 4, table 8).
7. Includes changes in nonliquid liabilities reported by U.S. banks and in investments
by foreign official agencies in debt securities of U.S. Government corporations and agencies,
private corporations, and State and local governments,
^
,,
, n
,.
NOTE.- Details may not add to totals because of rounding.
SUKVEY OF CURRENT BUSINESS
20
December 1975
Table 2.—U.S. International Transactions
[Millions of dollars]
(Credits +; debits -) »
Line
197 I'-
1974*I
1 Exports of floods and services 2
Merchandise adjusted, excluding military 3
Transfers under U S military agency sales contracts
Travel
Passenger fares
.Other transportation
Fees and royalties from affiliated foreigners Fees and royalties from unaffiliated foreigners
Other private services
U S Government miscellaneous services. .
..
-
11
12
13
Receipts of income on U.S. investments abroad:
Direct investments * 5
.. ..
Other private assets. .
__
U S Government assets
__
- - -
-
- --
.
._
14
Merchandise, adjusted, excluding military s
Direct defense expenditures
Travel
Passenger fares.
.Other transportation
Fees and royalties to affiliated foreigners
Fees and royalties to unaffiliated foreigners
Private payments for other services..
U S Government payments for miscellaneous services
25
26
27
.
33 394
36 615
35 038
39 401
36 967
36 452
35 113
22 770
639
951
233
1 262
664
190
501
88
25 302
738
1,005
266
1 479
761
194
517
102
23 156
716
1,180
355
1 503
739
197
529
110
27 081
359
896
249
1 443
859
200
541
111
27 327
909
1 185
222
1 366
827
202
549
99
26 843
888
1 217
249
1 412
856
9Q4
552
127
24 767
1 153
1 357
338
1 506
819
206
557
118
17, 679
7,356
1,033
4,501
1,396
198
4,233
1,746
273
4 227
2 106
220
4 718
2,108
342
2 166
1 909
205
2 062
1 780
263
2 023
1 999
271
1,811
Payments of income on foreign investments in the United States:
Direct investments * s
Other private liabilities
...
U S. Government liabilities
-
.
.
.. .
U.S. military grants of goods and services, net..
29
Unilateral transfers (excluding military grants of goods and services), net.
30
31
32
U S. Government grants (excluding military grants of goods and services)
U S. Government pensions and other transfers
Private remittances and other transfers .
33 135
-22, 083
—1 166
-1,013
-366
—1 118
—59
-46
-279
—185
-26, 495
—1 324
-1,661
-652
—1 412
—54
-45
-278
—193
—26 903
—1 279
-2, 115
—573
—1 570
—49
—44
-273
—359
—28 105
—1 335
-1, 184
—421
—1 430
—57
—44
-274
—233
—24 969
—1 303
-1, 128
—406
—1 291
—72
-45
-288
—199
—23 064
—1 209
-1, 667
—615
—1 229
—60
—48
-295
—220
—24 224
—1 113
-2, 229
—589
—1 343
—61
-51
-299
-301
-618
-1,219
-967
—1 910
-1, 472
-1,047
—1 874
—1, 779
-1,090
—1 034
—1,779
-1, 157
-404
-1,445
-1, 187
-387
-1,323
-1, 101
-439
-1,348
-1,140
—352
-490
-1,811
-787
-1,244
-66
-1 233 -1,059
-1,155
-1,261
-1,015
-615
-193
—252
-737
-200
—219
-789
-197
-275
-576
-204
-235
-2, 949
-1,941
—1,474
-189
—278
—763
-204
—266
-624
«1 205
215
—118
—893
—1,128
-877
—1 342
6
—186
—1 331
585
—863
242
—1 497
-53
—1 655
-13
—1 580
-4
4, 852
1
«2,733
(*)
961
(*)
502
(*)
656
(*)
540
708
—9,154
—9, 979
—3, 796
-9, 135
-6, 788
-6,913
-2, 151
—7, 455
-1, 990
—1 165
-646
—1,508
-313
—1 840
-304
—2, 942
-726
-1, 470
-2, 021
-2,232
-1,001
-680
—998
—1, 175
-12, 173
-6, 134
—178
-2, 723
-2, 343
—913
—5,358
-1,306
88
-1,279
-753
-172
-2, 813
-1, 732
-398
1,818
-5, 062
-361
-1, 018
-2, 413
-596
-781
926
—401
—2, 603
-133
—115
—1 472
-512
4
—602
17
—116
—175
584
—174
-354
-222
—19
285
78
57
-84
138
139
303
-464
31, 748
5,745
11,032
7,439
7,532
2,611
710
80
168
324
138
544
402
223
2,224
672
—347
1,840
9
16 810
1,177
692
—78
417
155
4 499
1,700
440
—372
753
7
3 929
-1
204
—190
432
-40
4,023
-653
-663
293
238
-113
4,359
340
653
328
-54
-39
-1, 701
679
678
84
205
-287
211
-124
1,033
-59
-421
-114
4,089
8 503
673
655
—917
—278
—2
3 782
185
441
2,551
136
3,087
630
216
1,703
841
-5
81,002
321
s_4
s -2, 961
252
(s)
-1,434
-210
-358
-1,003
137
-325
-29
-342
-172
3
—1, 265
-1
-209
-29
-85
-244
-123
-152
-728
-20
241
-84
-4
-14
-307
-16
-6
-7
-25
-222
-95
958
1,581
2,556
555
236
6
...
Direct investments abroad 5
Foreign securities
Claims reported by U.S. banks:
Long-term
Short-term, nonliquid ..
.
.
-..
Short-term, liquid
Claims reported by U.S. nonbanking concerns:
Long-term
Short-term, nonliquid
Short-term, liquid
.
..
..
-.
..
U S Government nonliquid liabilities to other than foreign official reserve agencies
49
50
51
52
53
54
Other foreign private capital:
Direct investments in the United States 5
U.S. securities other than Treasury issues
Other long-term, reported by U.S. nonbanking concerns
Short-term, reported by U.S. nonbanking concerns
Long-term, reported by U.S. banks
U S liquid liabilities to private foreigners
55
56
57
U.S. liquid liabilities to foreign official agencies
Other readily marketable liabilities to foreign official agencies 9
Nonliquid liabilities to foreign official reserve agencies reported by U S. Government
.
..
Transactions in U.S. official reserve assets, net
Gold
SDR
Convertible currencies.
Gold tranche position in IMF
Allocations of special drawing rights (SDR)
Errors and omissions, net
' Revised.
» Preliminary.
* Less than $500,000 (i)
1. Credits, +: Exports of goods and services; unilateral transfers to U.S.; capital inflows
(increase in U.S. liabilities or decrease in U.S. assets); decrease in U.S. official reserve assets.
Debits, —: Imports of goods and services; unilateral transfers to foreigners; capital outflows
(decrease in U.S. liabilities or increase in U.S. assets); increase in U.S. official reserve assets.
2. Excludes transfers of goods and services under U.S. military grant programs.
3. Excludes exports of goods under U.S. military agency sales contracts identified in
Census export documents, and imports of goods included under direct defense expenditures
identified in Census import documents, and reflects various other balance-of-payments adjustments (for valuation, coverage, and timing) to Census statistics; see table 4.
4. Includes interest, dividends, and branch earnings.
-564
66
1 244
-5 6032
588
U.S. private capital flows, net
Foreign capitalflows,net
-406
8
« -5, 461 » -2, 609
-692
-107
-1, 029
-234
48
63
64
31 218
-32, 063
Repayments on credits:
Scheduled
... .
Nonscheduled 7
59
60
61
62
787
—32 737
»408
36
37
58
490
—37 053
• -7, 182
Loans and other long-term assets
Foreign currencies and other short-term assets, net
47
352
—37 908
U S Government capital flows, net
34
35
44
45
46
564
—36 542
-5,435
-6, 249
-4, 262
.
406
—29, 120
-103,586
—5 103
-5,973
-2,012
—5 529
-219
-180
-1,104
-971
-.
28
41
42
43
HIP
II'
Ir
—104, 623
16
17
18
19
20
21
22
23
24
39
40
IV
98 309
2 944
4,032
1,104
5 686
3 024
781
2 088
411
Transfers of goods and services under U.S. military grant programs, net
15
__
-
Imports of goods and services
38
ll!
144 448
2
3
4
5
g
7
g
9
10
33
II
1975
.
4,698
1,089
1,070
3,291
-1,226
32
(*)
569
1,918
5. Excludes reinvested earnings of foreign incorporated affiliates of U.S. firms or of U.S.
incorporated affiliates of foreign firms.
6. Includes extraordinary U.S. Government transactions with India. See "Special U.S.
Government Transactions" in June 1974 SURVEY, p. 27.
7. Includes sales of foreign obligations to foreigners.
8. See footnote 6 to table 1.
9. Includes changes in nonliquid liabilities reported by U.S. banks and in investments by
foreign official agencies in debt securities of U.S. Government corporations and agencies,
private corporations, and State and local governments.
NOTE.— Details may not add to totals because of rounding.
SURVEY OF CURRENT BUSINESS
December 1975
21
Table 3.—U.S. International Transactions—Seasonally Adjusted
[Millions of dollars]
1974 "
I
1 Exports of goods and services 2
2
3
4
5
6
7
g
9
10
11
12
13
37 246
27 188
1,016
1,064
1 229
25 692
*804
1 164
26 716
1 241
1 174
1,418
1 539
1 432
1 343
1 423
4 080
2,105
2 156
1 905
2 171
1 809
2 371
1,975
678
955
259
1,406
741
194
517
95
4,399
1,773
275
766
283
778
197
529
112
4,700
2,084
270
837
293
796
200
541
112
253
954
255
881
202
549
103
243
242
833
204
552
118
266
270
860
206
557
121
332
406
564
352
490
787
-35, 432
-37,422
—37, 424
—33,919
-30, 183
—32, 699
-22, 587
-1, 166
-1,463
-470
— 1, 169
—25, 677
-1,324
-1, 476
—473
-1, 388
—27, 349
-1, 279
-1, 455
—490
-1, 493
—27 973
—1, 335
-1, 579
—579
—1, 479
—25 358
-1,303
-1, 616
—527
-1,345
—22 314
-1,209
-1, 484
-452
-1,206
—24,690
-1, 113
-1,560
-512
-1, 275
-279
-222
25
26
27
-278
-234
-273
—290
-274
—225
-288
—237
-295
-261
-299
-238
-607
-1, 273
-1,004
—1,909
-1, 518
—1 056
-1,901
-1, 722
-1,077
-1, 018
-1, 736
—1, 125
-391
-1,505
—1, 232
-386
-1, 359
-1, 109
-474
-1,300
-1, 126
Payments of income on5 foreign investments in the United States:
Direct investments 4
Other private liabilities
U S. Government liabilities
-
—59
-46
28
U S military grants of goods and services, net..
29
Unilateral transfers (excluding military grants of goods and services) , net
—54
—45
—49
-44
—57
—44
—72
-45
1,244
-60
-48
66
—61
-51
—406
—564
—490
—787
-1,244
-66
-2, 966
-1,865
-1,265
-1,088
-1, 175
-1, 183
-1,047
• -2, 5%
-107
-263
-1,408
—189
-268
-808
-204
-253
-649
—193
-246
-727
-200
-248
-721
-197
-265
-621
-204
-222
-985
9
U.S. Government grants (excluding military grants of goods and services)
U S Government pensions and other transfers
Private remittances and other transfers
U S. Government capital flows, net.
-352
•1,314
-821
—1 048
—1, 552
-1,530
-45
-63
-1, 465
867
(*)
601
(*)
612
(*)
578
611
-8, 629
-10, 109
-4,299
-9, 026
-6,240
-7,071
-2,659
-745
-646
—1, 572
-313
-1,828
-304
-3, 310
-726
-1,041
-2, 021
-2,304
-1,001
-668
-998
-913
-5 336
-1,306
88
-1, 614
-753
-172
-2,406
-1, 732
-398
1,733
-5,062
-361
-1,008
-2, 413
-596
-1, 116
-19
250
318
57
(*)
U.S. private capital flows, net...
Direct investments abroad 8
Foreign securities
Claims reported by U.S. banks:
Long-term
Short-term, nonliquid
,
Short-term, liquid
.
Claims reported by U.S. nonbanking concerns:
Long-term
Short-term , nonliquid
Short-term, liquid
-1,015
—1 216
• 2, 772
-
273
—1 217
« -241
Loans and other long-term assets.
Foreign currencies and other short-term assets, net..
44
45
46
35 198
26 593
-30, 345
Merchandise, adjusted, excluding military 3
Direct defense expenditures
Travel .
Passenger fares
Other transportation __
Fees and royalties to affiliated foreigners
Fees and royalties to unaffiliated foreigners
Private payments for other services
U S Government p ayments for miscellaneous services
41
42
43
37,097
235
16
17
18
19
20
21
22
23
24
39
40
38,413
25 034
4,500
1,394
Imports of goods and services _
38
37, 187
709
190
501
92
15
Repayments on credits:
Scheduled
Nonscheduled 7
m»
ll"
24,218
1,323
Transfers of goods and services under U.S. military grant programs, net ..
36
37
I'-
35,510
663
997
269
-
14
34
35
IV
III
22,464
Receipts of income on 4 6
U.S. investments abroad:
Direct investments .
.
Other private assets
U.S. Government assets
33
II
33, 337
Merchandise, adjusted, excluding military 3
Transfers under U. S . military agency sales contracts
Travel..
Passenger fares »
_
Other transportation __
Fees and royalties from affiliated foreigners
Fees and royalties from unaffiliated foreigners
Other private services
U S Government miscellaneous services
30
31
32
1975
(Credits +; debits -) »
Line
-178
—2,817
-2,343
.
-115
-1,508
-277
- -
622
4
-195
252
-682
-116
-276
504
-174
-137
-369
9
33
-701
-1, 416
45
670
(*)
926
139
202
-167
126
-548
_._
6,485
10,668
5,862
8,737
3,246
239
48
U.S. Government nonliquid liabilities to other than foreign official reserve agencies...
97
211
278
125
541
467
138
49
50
51
52
53
54
Other foreign private capital:
Direct investments in the United States6
U.S. securities other than Treasury issues
Other long-term, reported by U.S. nonbanking concerns
Short-term, reported by U.S. nonbanking concerns
Long-term, reported by U.S. banks. . .
.
U.S. liquid liabilities to private foreigners
1,177
1,700
-1
204
-653
-663
340
653
326
-54
-39
679
678
108
205
55
56
57
U S. liquid liabilities to foreign official agencies
Other readily marketable liabilities to foreign official agencies fl .
------Nonliquid liabilities to foreign official reserve agencies reported by U.S. Government
47
Foreign capital flows, net.
.
692
—76
417
155
440
—352
-160
753
7
432
-40
4,365
3,351
4,263
—62
3,930
751
136
—1
3,886
-1,003
-278
-2
185
443
58 Transactions in U.S. official reserve assets, net .
-210
59
60
61
62
-209
-244
-123
-152
-728
1,014
1, 313
1,135
63
64
Gold
SDR
Convertible currencies
Gold tranche position in IMF
Allocations of special drawing rights (SDR)
Errors and omissions, net
r
Revised.
" Preliminary.
*Less than $500,000 (,±)
1. Credits, +: Exports of goods and services; unilateral transfers to U.S.; capital inflows
(increase in U.S. liabilities or decrease in U.S. assets); decrease in U.S. official reserve assets
Debits, -: Imports of goods and services; unilateral transfers to foreigners; capital outflows (decrease in U.S. liabilities or increase in U.S. assets); increase in U.S. official reserve
assets.
2. Excludes transfers of goods and services under U.S. military grant programs.
3. Excludes exports of goods under U.S. military agency sales contracts identified in Census
export documents, and imports of goods included under direct defense expenditures identified in Census import documents, and reflects various other balance-of-payments adjustments (for valuation, coverage, and timing^ to Census statistics; see table 4.
241
238
—1
-358
—29
-85
-113
4,831
3,510
-1, 843
2,751
-287
-347
U,423
321
-124
1,033
-29
-421
-114
4,333
8 -4, 428
252
841
-6
8 _1
137
-325
-29
-342
-20
241
-84
-4
-14
-16
-6
-7
-222
-307
2,067
843
630
215
1,236
8
_1
-25
-95
-37
4. Includes interest, dividends, and branch earnings.
5. Excludes reinvested earnings of foreign incorporated affiliates of U.S. firms or of U.S.
incorporated affiliates of foreign
firms.
.
6. Includes extraordinary U.S. Government transactions with India. See "Special u.b.
Government Transactions" in June 1974 SURVEY, p. 27.
7. Includes sales of foreign obligations to foreigners.
8. See footnote 6 to table 1.
,. .
,
, ,
9. Includes changes in nonliquid liabilities reported by U.S. banks and in investments by
foreign official agencies in debt securities of U.S. Government corporations and agencies,
private corporations, and State and local governments.
SUEVEY OF CURRENT BUSINESS
22
December 1975
Table 4.—U.S. Merchandise Trade
[Millions of dollars]
Not seasonally adjusted
1974
Line
1974
Seasonally adjusted
1975
1974
I
II
III
IV
I
II'
III"
I
II
22,726
25,283
23,364
27,134
27,214
26,718
25,171
22,436
22,614
194
22
10
22
25,129
245
24
15
30
23,194
228
23
8
14
26,971
176
25
12
25
27,061
413
24
14
203
26,545
382
25
18
126
25.106
247
24
13
78
22,324
198
22
10
22
123
17
8
148
28
10
137
46
8
149
-35
10
140
32
10
160
53
9
145
-13
9
286
34
316
91
280
-102
371
71
309
47
358
7
23,120
25,771
23,592
27,579
27,820
350
469
436
498
22,770
25,302
23,156
27,081
1975
m*
III
IV
I
II r
24,231
25,256
26,671
27,070
25,579
27,111
24,077
234
24
15
30
25,086
236
23
8
14
26,508
175
25
12
25
26,917
418
24
14
203
25,406
370
25
18
126
27,046
256
24
13
78
127
17
8
137
28
10
145
46
8
148
-35
10
145
32
10
148
53
9
154
-13
9
341
-153
286
14
316
70
280
-124
371
47
309
47
358
7
341
-103
-20
-21
-22
-24
27,283
25,532
22,814
24,687
25,470
27,091
27,681
26,132
27,531
493
440
765
350
469
436
498
493
440
815
27,327
26,843
24,767
22,464
24,218
25,034
26,593
27,188
25,692
26,716
21,558
606
378
175
24,868
668
443
164
26,885
739
557
131
27,003
1,079
549
496
24,830
642
565
44
22,060
446
373
50
5
48
2
3
58
1
6
45
2
6
28
1
4
29
1
4
19
2
24,057
639
508
104
*
27
1
156
326
32
176
78
-219
-108
80
41
-76
-104
-55
-28
80
EXPORTS
Merchandise exports, Census basis,1 including
reexports and military grant shipments .
98,507
la Merchandise exports, Census basis,1 including
reexports, excluding military grant shipments
97,908
2 Regular additions to Census exports
843
P rivate gift parcel remittances
2a
94
Virgin Islands exports to foreign countries
45
2b
Gold exports, nonmonetary
2c
91
Inland U.S. freight (to Canada) valuation ad2d
justment
557
Other regular additions 2
.
2e
56
3 Regular deductions from Census exports 3
36
4 U.S.-Canada reconciliation adjustments, n.e.c.—
4
net
1,253
5 Special adjustments, net 5
94
Of which: quarterly allocation of annual seasonal
5a
adjustment discrepancy 6
6 Equals: Merchandise exports adjusted to balance
of payments basis, including "military"
100,062
7 Less: Merchandise exports transferred under U.S.
military agency 7
sales contracts identified in Census documents
1,753
8 Equals: Merchandise exports, adjusted to balance
of payments basis, excluding "military" (table 2,
line 2)
98,309
1
IMPORTS
9
10
lOa
lOb
lOc
lOd
11
12
13
13a
14
15
16
Merchandise imports, Census basis 1 (general
imports)
100,252 21,039 25,671 26,423 27.119 24,441 22,810 23,591
Regular additions to Census imports. .
739
642
3,092
668
1,079
446
639
606
Virgin Islands imports from foreign coun tries ... 1,927
557
565
443
373
508
378
549
Q'old imports, nonmonetary.
44
50
104
164
131
966
496
175
Inland freight (in Canada) valuation adjust*
ment
4
4
3
6
20
5
6
8
Other regular additions .
45
58
29
19
27
179
28
48
9
Regular deductions from Census imports
1
1
1
1
2
2
2
6
U.S.-Canada reconciliation adjustments, n.e.c. —
41
32
78
net 4
-104
-28
156
158
-108
Special adjustments, net 8
-76
-55
191
-203
80
341
96
425
Of which: quarterly allocation of annual seasonal
adjustment discrepancy fl
Equals: Merchandise imports, adjusted to balance
of payments basis, including "military"
103, 921 22,140 26,561 27,035 28,185 25,047 23,095 24,281
Less: Merchandise imports of U.S. military agencies identified in Census documents 10
66
132
78
31
57
57
80
335
Equals: Merchandise imports, adjusted to balance
of payments basis, excluding "military" (table 2,
line 16)
103,586 22,083 26,495 26,903 28,105 24,969 23,064 24,224
15
15
16
16
22,644
25, 743
27,481
28,053
25,436
22,345
24,747
57
66
132
80
78
31
57
22,587
25,677
27,349
27,973
25,358
22,314
24,690
-123 -1,459 -2,315 -1,380
1,830
3,378
2,026
BALANCE
17
Balance on merchandise trade, adjusted to balance
of payments basis, excluding "military" (line 8
less line 16) (export surplus -f~)
-5,277
687 -1,193 -3,747 -1,024
2,358
3,779
543
TRADE BY END-USE
18
18a
18b
18c
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
Merchandise exports, Census basis,1 including
military grant shipments (line 1)
Agricultural products
Nonagricultural products
Excluding military grant shipments
Foods, feeds, and beverages
Grains and preparations. .
Soybeans
Other foods, feeds, and beverages
Industrial supplies and 12
materials n
Fuels and lubricants
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.)
Steelmaking materials
Iron and steel products
. .
Other metals, primary and advanced, including advanced steel ll
Capital goods, except automotive
Machinery except consumer-type
Electrical and electronic, and parts and attachments .
.
Nonelectrical, and parts and attachments. .
Construction machinery and nonfarm
tractors and parts
Textile and other specialized industrymachinery and parts
Other industrial machinery and parts,
n.e.c
Agricultural machinery and farm tractors
and parts
Business and office machines, computers,
etc., and parts
Scientific, professional, and service-industry equipment
See footnotes at end of table.
98,507
22,260
76, 247
75,648
18, 459
11, 551
3,537
3,371
30,397
3,638
2,590
3,231
1,353
832
7,414
22,726
5,890
16, 837
16, 725
4,818
2,998
1,062
758
6,677
524
510
951
474
170
1,647
25,283
5,570
19, 712
19,558
4,518
2,804
898
816
8,015
867
662
964
436
203
1,882
23,364
4,534
18,830
18,660
3,797
2,522
494
781
7,728
1,017
714
676
220
158
1,994
27, 134
6,266
20, 868
20,705
5,326
3,227
1,083
1,016
7,977
1,230
704
640
223
301
1,891
27,214
6,347
20,868
20. 715
5,420
3,607
899
914
7,802
1,177
639
685
314
219
1,917
26,718
4,693
22, 025
21, 852
3, 937
2,569
475
893
7,736
1,316
562
677
271
184
1,824
25, 171
4,792
20,379
20, 314
4,185
2,826
532
827
7,207
1,101
617
634
247
159
1,818
22,436
5,762
16, 674
16,562
4,849
3,065
949
835
6,663
605
523
804
330
206
1,652
24,231
5,638
18, 593
18, 439
4,595
2,930
876
789
7,669
797
622
909
410
218
1,820
25,256
5,162
20,094
19,924
4,198
2,522
823
853
8,047
1,019
735
848
356
179
2,021
26, 671
5,608
21,063
20,900
4,749
3,006
850
893
8,013
1,159
717
671
255
217
1,947
27,070
6,214
20,856
20,703
5,401
3,626
786
989
8,005
1,411
657
585
216
259
1,927
25,579
4,764
20,815
20,642
4,009
2,680
460
869
7,389
1,207
529
640
255
197
1,768
27, 111
5,477
21,634
21,569
4,633
2,831
896
906
7,444
1,089
628
811
399
182
1,817
5,936
925
2,960
1,455
193
581
1,599
250
762
1,459
243
797
1,423
239
820
1,445
197
789
1,405
257
791
1,360
216
693
1,430
211
586
1,529
229
719
1,542
217
816
1,444
279
850
1,420
214
798
1,341
238
749
1,417
190
700
2,871
29,921
23, 775
646
6,781
5,261
826
7,589
5,925
670
7,132
5,988
729
8,419
6,601
734
8, 717
6,907
720
9,235
7,489
610
8,304
6,857
646
6,498
5,172
826
7,162
5,672
670
7,834
6,399
729
8,533
6,646
734
8,390
6,819
720
8,742
7,165
610
9,087
7,213
5,007
18,768
1,151
4,110
1,258
4,667
1,282
4,706
1,316
5,285
1,303
5,604
1,374
6,115
1,281
5,576
1,118
4,054
1,214
4,458
1,368
5,031
1,332
5,314
1,268
5,551
1,331
5,834
1,347
5,866
4,047
804
980
1,052
1,211
1,316
1,586
1,462
807
908
1,105
1,254
1,326
1,473
1,514
1,853
419
451
471
512
499
523
468
420
438
499
501
501
510
488
7,319
1,616
1,790
1,834
2,079
2,278
2,423
2,232
1,588
1,743
1, 953
2,058
2,247
2,368
2,340
994
200
274
251
269
332
426
324
193
230
280
309
323
359
356
3,079
726
789
737
827
765
733
705
709
779
801
800
749
725
755
1,476
345
383
361
387
414
424
385
337
360
393
392
405
399
413
December 1975
SURVEY OF CURRENT BUSINESS
23
Table 4.—U.S. Merchandise Trade—Continued
[Millions of dollars]
Not seasonally adjusted
1974
Line
1974
Seasonally adjusted
1975
I
II
III
IV
I
1,396
874
124
1,878
1,357
521
542
291
1,508
958
156
2,046
1,451
595
607
335
1,020
493
124
1,832
1,237
595
449
336
1,676
1,041
142
2,406
1,697
709
736
388
1,045
1,477
642
727
1,104
1,719
812
816
1,047
1,539
690
783
108
429
667
381
286
21,039
2,684
887
512
274
1,797
9,759
4,738
4,466
683
91
555
840
473
367
25,671
2,735
1,009
458
443
1,726
12,962
6,688
6,420
750
1,183
386
61
438
1974
1975
II r
HIP
I
II
III
IV
I
1,629
983
180
2,206
1,458
749
618
405
1,588
889
159
2,696
1,773
923
725
579
1,288
639
159
2,345
1,436
909
594
601
1,190
663
136
1,807
1,300
507
525
285
1,355
832
135
1,891
1,292
599
547
314
1,299
752
136
2,167
1,529
638
605
372
1,748
1,124
139
2,331
1,659
672
659
383
1,373
731
198
2,133
1,400
733
601
400
1,438
777
139
2,516
1,585
931
653
556
1,703
1,028
171
2,717
1,754
963
788
637
1,282
1,531
704
771
1,184
1,530
646
819
1,392
1,618
716
839
1,150
1,577
685
834
997
1,490
651
734
1,030
1,595
745
769
1,190
1,622
743
807
1,289
1,571
715
796
1,132
1,549
657
828
1,307
1,507
658
793
1,292
1,636
727
847
66
552
784
449
335
26,423
2,523
1,030
280
705
1,493
13,972
7,077
6,780
778
56
598
877
502
375
27,119
2,629
1,144
255
825
1,485
14, 613
7,037
6,617
795
65
640
900
452
449
24,441
2,239
881
372
412
1,358
13,304
6,873
6,364
763
63
624
872
488
384
22,810
2,349
1,000
318
605
1,348
11,370
5,837
5,454
730
58
768
785
463
322
23,591
2,510
1,043
467
521
1,468
11,771
6,855
6,460
663
105
429
700
397
303
21,558
2,843
922
512
332
1,921
9,869
4,515
4,264
692
81
555
764
438
326
24,868
2,635
954
458
406
1,681
12, 666
6,672
6,410
717
72
552
836
473
363
26,885
2,550
973
280
621
1,577
14, 172
7,266
6,935
807
60
598
876
499
377
27,003
2,571
1,206
255
878
1,365
14,690
7,337
6,913
791
64
640
952
473
479
24,830
2,376
928
372
482
1,448
13,368
6,404
5,945
762
56
624
792
453
339
22,060
2,249
939
318
559
1,309
11,099
5,805
5,429
699
62
768
826
481
345
24,057
2,552
1,014
467
457
1,538
11,916
7,030
6,589
685
1,424
414
72
623
1,510
410
55
675
1,553
387
66
763
1,423
286
135
684
1,206
251
114
567
1,027
266
50
440
1,177
389
46
448
1,328
398
62
564
1,596
409
85
711
1,604
398
77
792
1,381
288
100
684
1,119
241
99
514
1,085
263
77
460
298
507
315
610
369
506
337
333
318
298
274
439
271
417
294
557
304
551
391
485
337
347
309
328
265
395
285
398
2,647
192
706
3,491
313
1,088
4,101
376
1,519
4,895
475
2,247
3,947
426
1,733
3,158
489
1,124
2,809
417
850
2,928
300
870
3,398
289
1,086
4,018
319
1,413
4,611
425
2,025
4,493
649
2,062
3,081
455
1,128
2,718
353
779
1,232
1,476
1,548
1,554
1,220
1,046
1,041
1,241
1,409
1,627
1,542
1,214
998
517
2,037
1,886
614
2,407
2,226
659
2,439
2,263
619
2,419
2,291
568
2,441
2,297
500
2,406
2,242
500
2,274
2,166
517
2,036
1,885
614
2,356
2,175
659
2,485
2,309
619
2,437
2,309
568
2,427
2,283
500
2,348
2,183
500
2,319
2,210
706
1,180
825
1,401
841
1,422
770
1,521
688
1,609
677
1,564
744
1,421
706
1,179
825
1,350
841
1,468
770
1,539
688
1,595
677
1,506
744
1,466
247
284
303
292
311
298
294
247
284
303
292
311
298
294
557
422
498
535
572
603
598
557
II r
Hip
TRADE BY END-USE-Continued
44
44a
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
67a
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
89a
SO
91
92
93
94
95
96
97
98
99
100
Civilian aircraft engines, parts
5,600
Civilian aircraft, complete, all types
3,366
Other transportation equipment
546
8,162
Automotive vehicles, parts, and engines
5,742
To Canada 13
2,420
To all other areas
2,334
Passenger cars new and used
1,350
Trucks, buses, and special vehicles .
Parts, bodies, and accessories, including en4,478
gines and parts, n.e.c
Consumer goods (nonfood), except automotive. . 6,266
Consumer durables, manufactured
_ . . ... 2,848
Consumer nondurables, manufactured
3,097
Unmanufactured consumer goods (gem stones,
321
precious and nonprecious)
2,134
Special category (military-type goods)
Exports, n.e.c., and reexports
. 3,168
1,805
Domestic (low-value, miscellaneous)
1,363
Foreign (reexports)
l
Merchandise imports, Census basis (line 9)
100,252
10,570
Foods, feeds, and beverages
4,069
Coffee, cocoa, and sugar
.
1,505
Green coffee
2,247
Cane sugar
.. .
6.501
Other foods, feeds, and beverages
Industrial supplies and 12
materials ll
51,306
25,540
Fuels and lubricants . Petroleum and products
24, 283
Paper and paper base stocks
3,006
Materials associated with nondurable goods
and farm output, n.e.s
5,670
Textile supplies and materials
1,597
Tobacco, unmanufactured
254
Chemicals, excluding medicinal
2,499
Other (hides, copra, materials for making
photos, drugs, dyes)
1,320
Building materials, except metals .
1,956
Materials associated with durable goods output, n.e.s.11
15, 135
Steelmaking materials .
1,356
Iron and steel products
5,559
Other metals, primary and advanced, including advanced steel
5,810
Nonmetals (gums, oils, resins, minerals,
rubber, tires, etc.)
2,409
Capital goods, except automotive
9,302
Machinery, except consumer-type. .
8,666
Electrical and electronic, and parts and
attachments
3,142
Nonelectrical, and parts and attachments. .. 5,524
Construction, textile and other specialized-industry machinery and nonfarm
tractors and parts
1,127
Other industrial machinery and parts,
n.e.s
2,027
Agricultural machinery and farm tractors
and parts
850
Business and office machines, computers,
etc., and parts
974
Scientific, professional and service-industry equipment and parts; and miscellaneous transportation equipment
546
Civilian aircraft, engines, parts
636
Civilian aircraft, complete, all types
97
Automotive vehicles, parts, and engines
11,961
From Canada _
5,555
From all other areas
6,406
Passenger cars, new and used..
7,307
Trucks, buses, and special vehicles .
1,452
Parts, bodies, and accessories, including engines and parts, n.e.s..
3,202
Consumer goods (nonfood), e cept automotive. . 14,751
Consumer durables, manufactured.
8,627
Consumer nondurables, manufactured
5,165
Unmanufactured consumer goods (gems,
nursery stock)
958
Imports, n.e.s. (low value, goods returned, military aircraft, movies, exhibits)
2,363
422
498
535
572
603
598
171
232
205
242
274
282
202
162
199
236
266
255
242
232
240
235
227
229
254
265
258
228
251
227
241
237
269
262
113
151
14
2,974
1,357
1,617
1,957
311
146
181
26
3,321
1,342
1,979
2,118
355
142
176
29
2,723
1,195
1,528
1,571
360
146
128
27
2,943
1,661
1,282
1,661
426
159
144
16
2,630
1,257
1,373
1,688
324
146
165
24
2,897
1,518
1,379
1,809
317
134
109
23
2,756
1,294
1,462
1,633
280
121
151
14
2,901
1,340
1,561
1,851
333
140
181
26
2,986
1,197
1,789
1,853
340
140
176
29
3,200
1,524
1,676
1,949
387
144
128
27
2,872
1,541
1,331
1,656
391
168
144
16
2,552
1,230
1,322
1,584
344
140
165
24
2,590
1,348
1,242
1,567
300
132
109
23
3,266
1,660
1,606
2,042
304
706
3,082
1,770
1,098
848
3,676
2,110
1,260
792
4,159
2,433
1,493
856
3,834
2,315
1,314
618
3,122
1,717
1,216
771
3.125
1,697
1,193
813
3,614
1,866
1,507
717
3,384
1,989
1,181
793
3,658
2,087
1,265
864
3,869
2,296
1,340
825
3,778
2,210
1,363
624
3,388
1,910
1,289
723
3,112
1,677
1,200
920
3,338
1,749
1,348
214
306
233
205
189
235
241
214
306
233
205
189
235
241
719
662
666
504
570
607
f Revised.
9 Preliminary.
*Less than $500,000.
1. The figures shown for exports, Census basis, represent transaction values, f.a.s. (U.S.)
port of exportation; imports, Census basis, represent transaction values, f.a.s. (foreign) port
of exportation.
2. Mainly net additions to, or liquidations of, U.S.-owned grains in storage in Canada; and
exports of electrical energy.
3. Mainly exports of exposed motion picture film for rental rather than sale; and exports to
Panama Canal Zone.
4. Adjustments in lines 4 and 12, and lOc, reflect the reconciliation of discrepancies in the
merchandise export/import bilateral trade statistics published by the United States and the
counterpart import/export bilateral statistics published by Canada. (See technical notes in
June 1975 SURVEY, p. 25.)
5. Irregular and occasional 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.
6. Correction for discrepancy between sum of four quarters, seasonally adjusted, and the
unadjusted recorded annual totals.
7. Exports of military equipment under U.S. military agency sales contracts with foreign
governments to the extent such exports are identifiable from Census export documents.
1,086
682
704
663
665
525
567
609
655
These exports are included in table 2, line 3; "Transfers under U.S. military agency sales
contracts."
8. Mainly imports of electrical energy.
.
.
9. Mainly foreign charges for repair of U.S. vessels abroad, which are included in tables 2,
3 and 9, line 20 (Other transportation); also imports from Panama Canal Zone.
10. Merchandise imported directly by the Department of Defense, as well as "defense
imports of the Coast Guard, to the extent such imports are identifiable from Census import
documents and verifiable from separate reports of the importing agencies. These imports are
included in tables 2, 3, and 9, line 17 (Direct defense expenditures).
11. Includes silver ore and bullion.
12. Includes nuclear fuel materials and fuels.
13. The statistical identification of automotive products exports to Canada (line 47) is not
as complete and comprehensive as the identification of automotive products imports from
Canada, which are more definitively classified for duty-free status under the United StatesCanada Automotive Products Trade Act. The less comprehensive identification in U.b.
trade statistics of automotive parts exports, combined with a substantial degree of unreported
export shipments, results in an undercounting of automotive exports to Canada (line 47)
which—estimated from examination of Canada's published import statistics—amounted to
about $630 million in 1974. (See table Bl, in which the undercounting due to unreported
export shipments is largely corrected.)
NOTE.—Details may not add to totals because of rounding.
SUEVEY OF CUREENT BUSINESS
24
December 1975
Table 5.—Major U.S. Government Transactions
[Millions of dollars]
1974
1974
Line
1975
I
A. 1
la
III
IV
I
9,905
4,136
2,221
2,002
1,384
1,604
2,164
2,246
2,405
2,320
2,373
2,163
1,769
1,992
5,461
937
4,524
362
9
2,609
1,474
623
852
180
-89
763
223
540
10
-38
615
91
524
8
1
737
187
550
9
54
789
124
665
6
7
576
87
489
3
34
1
128
2,474
2
20
U.S. Government grants (excluding military) and capital flows increasing Government assets, total (table 2,
lines 30 34 and 35, with sign reversed) _
Seasonally adjusted .
II
(*)
48
2,214
2
2
(*)
23
210
(*)
25
26
%
23
(
\ (\
1
21
84
2
6
1
29
50
(*)
8
3
25
46
2,313
5
3
294
538
4,112
-577
2,061
1
1
69
97
1,075
57
227
2
1
97
142
1,006
-493
23
2
1
71
82
766
-200
2
3
'\
57
216
1,265
59
(*)
(*)
55
152
1,511
-58
4
1
(*)
77
119
1,455
-3
979
3,117
2,584
538
371
2,621
294
-10
322
764
682
97
116
2,264
69
-39
347
925
587
142
76
236
97
4
101
625
535
82
76
59
71
-24
209
802
780
216
104
61
57
49
323
972
831
152
110
11
1
55
-39
570
992
583
119
108
87
77
-8
189
747
480
191
194
89
54
-67
8,537
3,894
1,171
933
3,597
205
3,835
1,018
310
285
2,291
75
1,815
902
353
345
950
19
1,143
810
258
97
259
23
1,744
1,164
250
206
98
89
2,116
1,347
254
367
84
133
2,077
1,382
311
335
73
62
1,507
842
267
213
93
154
-36
294
-19
69
-11
97
-1
71
-5
57
6
55
%
2
54
4,054
III*
Ilr
By category
2
3
4
5
6
7
8
9
10
11
Emergency security assistance for Israel ^
Other
--Credits repayable in foreign currencies
Other foreign currency assets (excluding administrative cash holdings) , net
Receipts from—
Sales of agricultural commodities
..Interest
-Repayments of principal
--
-
-
-
- -
12
13
14
15
16
17
18
O ther 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 and contributions to international and regional organizations, excluding IMF. _
Credits repayable in U S dollars
O ther assets (including changes in administrative cash holdings) , net
19
20
21
22
23
24
25
26
Under farm product disposal programs
Under Foreign Assistance Acts and related programs
Under Export-Import Bank Act
Capital subscriptions and contributions to international and regional organizations excluding IMF
0 ther assistance programs
Other foreign currency assets acquired (lines A.8, A.9, and A. 11)
- - Less foreign currencies used by U S Government other than for grants or credits (line A. 15)
Other (including changes in administrative cash holdings) net
27
28
29
30
31
32
33
Estimated transactions involving no direct dollar outflow from the United States
- - Expenditures on U S merchandise
- - -Expenditures on U.S. services 3
- &
Military sales contracts financed by U.S. Government credits and grants * * 18
(line B.14)
..
U S. Government credits and grants to repay prior U.S. Government credits
U S Government credits * to repay prior U S* private credits
Increase in claims on U.S. Government associated with Govenment grants and capital flows increasing
Government assets (including changes in retained accounts) (line B . 17)
.
Less foreign currencies used by U S Government other than for grants or credits (line A. 15)
Less dollar recoveries on short-term claims financing military sales contracts and U.S. Government credits
to repay private credits * *
--Estimated dollar payments to foreign countries and international and regional organizations through U.S.
Government grants and capital flows increasing Government assets
-
-
2,609
164
135
C>
4
(
(*)
18
5
(*)
54
191
1,032
-66
By program
By disposition 2
34
35
36
Nonliquid liabilities reported by U.S. Government, including medium-term securities and long-term obligations
payable prior to maturity only under special conditions, net increase (-{-)
Seasonally adjusted
.
To foreign official reserve agencies (table 2, line 57)
.
_
..
Seasonally adjusted
U.S. Treasury securities issued in connection with Columbia River downstream rights
U.S. Treasury securities issued in connection with prepayments for military purchases in the United States
4
(line B. 13)... .
U.S. Treasury obligations to be liquidated against U.S. claims _ „
5
6
U.S. Treasury securities not included elsewhere.
Export-Import Bank obligations to be liquidated against U.S. claims.—
7
Export-Import Bank securities not included elsewhere _ .
8
Other
9
10
To other official and private foreigners (table 2 line 48)
Seasonally adjusted
lOa
11
Associated with military sales contracts 7
Seasonally adjusted
lla
U.S. Government cash receipts from foreign governments (including principal repayments on credits
12
financing military sales contracts) , net of refunds * 8
Less U.S. Treasury securities issued in connection with prepayments for military purchases in the United
13
States (line B. 4)
.
.
14
Plus military sales contracts financed by U S Government credits and grants * * e (line A 30)
15
Less U.S. Government receipts from principal repayments * *8 _
_
16
Less transfers of goods and services (including transfers financed by credits, and by grants to Israel) 1
(table 2, line 3)
10
17
Associated with U.S. Government grants and capital flows increasing Government assets (line A.33)
17a
Seasonally adjusted
18
Foreign funds retained in U.S. Government accounts for purchases in the United States
19
Other
. .
.
20
Other
20a
Seasonally adjusted
21
German Government 10-year loan to U.S. Government
22
Associated with sales of nuclear materials by Energy Research and Development Administration
23
Associated with other U.S. Government nonmilitary sales and miscellaneous operations
24
U.S. Treasury securities not included elsewhere
B.I
la
2
2a
3
«• Revised.
* Preliminary.
*Less than $500,000(±).
1. Expenditures under Public Laws 93-199 and 93-559 (sec. 45(a)(7)(B)) to release Israel
from its contractual liability to pay for defense articles and services purchased through military sales contracts are included in line A.3. Parts of such expenditures are applied first in
lines A.31 and A.35, to reduce short-term claims previously recorded in lines A.30 and B.14;
however, this application of funds is excluded from lines B.12 and B.15 which record cash
collections from the foreign government. The remaining part of such expenditures, financing
future deliveries under military sales contracts, is applied directly into lines A.30 and B.14
after September 1974. Deliveries against these military sales contracts are included in line
B.16.
2. The identification of transactions involving direct dollar outflows from the United States
is made in reports by each operating agency. However, such data for third quarter 1975 are
only extrapolated estimates by BE A, because of incomplete reports from one operating
agency, and are to be revised in future issues of the SURVEY.
3. Line A.29 includes foreign currency collected as interest and line A.31 includes foreign
currency collected as principal, as recorded in lines A.8 and A.9.
4. Lines A.30 and A.32 include some short-term U.S. Government claims, collections of
which are recorded in line A.35. Collections of these short-term claims recorded in lines A.30
and B.14 are included in line B.15.
934
55
646
231
2
19
9
11
1,368
302
405
241
420
289
296
262
1.364
78
95
-2
-2
609
654
441
324
354
S40
216
215
540
535
-5
-6
•398
•466
e -4
e-i
•223
* 137
216
-5
-4
<•)
655
-4
661
-2
-2
443
277
-1
—4
445
(
?-,
<•)
651
80
97
89
106
168
Ml
169
SI*
324
278
299
254
138
125
94
82
544
641
486
483
402
467
385
450
223
1S8
173
88
2.957
499
645
996
817
1.082
1.034
1.179
933
295
285
56
345
84
97
78
206
76
367
53
335
97
213
66
2.944
-36
639
-19
-19
-19
738
-11
-11
-11
(*)
10
10
716
-1
-1
-1
(*)
25
26
852
-5
-5
-4
(*)
48
48
909
6
6
6
888
(*)
(*)
(*)
1.153
2
*
2
52
S*
17
17
47
47
14
-5
1
23
3
34
14
-5
57
61
-44
35
13
710
-36
(*)
94
70
21
2
10
10
(*)
9
2
5. Consists of (a) transfers of military goods and services financed by U.S. Government
credits and (b) advance payments to the Defense Department (on military sales contracts)
financed by credits or grants extended to foreigners by U.S. Government agencies.
6. See footnote 6 to table 1.
7. 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.
8. Lines B.12 and B.15 exclude recovery of investment value of aircraft on long-term lease
through physical return of depreciated aircraft.
9. Consists of transfers of military goods and services financed by U.S. Government credits
(included in line B.16) and of increases in Defense Department liabilities (on military sales
contracts) which arise from advance payments to the Defense Department financed by credits
or grants to foreigners by U.S. Government agencies.
10. Excludes liabilities associated with military sales contracts financed by U.S. Government grants and credits and included in line B.ll.
NOTE.—Details may not add to totals because of rounding.
SURVEY OF CURRENT BUSINESS
December 1975
25
Table 6.—Direct Investment and Securities Transactions
[Millions of dollars]
Line
19 74
1974
(Credits +; debits -)
I
1
2
3
Transactions with foreign incorporated affiliates
Intercompany accounts : short-term
long-term
Capital stock and other equity net
Increase *2 .
.
Decrease $
8
Branch accounts
9
10
11
12
13
14
15
16
17
18
19a
19b
19c
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
-
I"
III*
II r
-1,165
—1,508
—1,840
—2 942
— 1 470
—2 232
—680
-5,736
-3. 705
-238
-1,793
-2, 391
598
-3 131
-2, 719
—860
—337
—1 408
—532
—257
—620
—838
—566
—985
446
414
—512
—190
—1 427
—1 518
—283
91
130
n a.
n.a.
na
n.a.
n.a.
na
n.a.
55
—510
—1
—120
—551
-702
—350
—272
151
-446
-405
96
133
-648
-1,504
-1,533
—903
—1,247
—146
-874
—821
—1 609
—276
—1 156
— 262
—674
—6AA
— 1 079
—379
—773
—282
na
na
—124
140
218
—413
-194
-656
—960
—668
1,177
1,700
-1
—653
340
679
1,915
.
-906
2,224
- -
Transactions with U.S. incorporated affiliates
Intercompany accounts
Capital stock and other equity net
Increase l 2 . . .
Decrease
1,966
-1, 168
-2, 712
—S, 685
Foreign direct investments in the United States (table 2, line 49)
1,134
1,679
1,440
—186
-375
—713
240
248
-8
190
190
548
594
—47
320
227
93
100
—6
616
394
222
223
—1
185
60
20
63
88
—876
171
52
ISO
—A
214
170
242
267
—505
-998
540
691
1,375
1,477
-102
737
397
445
-48
308
43
20
649
6S7
281
268
1,612
666
-1,990
-646
-313
-304
-726
-2, 021
-1,001
186
—66
Branch accounts
By industry of U.S. affiliate: 3
Petroleum
Manufacturing
-16
—2
122
-2
88
-10
—60
-59
—1
-IS
1,010
Foreign securities, net U.S. purchases (-), balance of payments basis (table 2, line 40 or lines
25+36 below)
..
.
.
stocks, net. Treasury basis*
less: recorded in line 1 as U.S. direct investment abroad
plus: exchange of stock associated with direct investment in United States
plus: other adjustments
98
—10
250
469
264
—1
124
-3
-2
255
—10
-291
-158
126
-50
—10
186
-2, HO
—6SS
—437
-2,240
.
-13
-5
Newly issued in the United States
of which: Canada
Other foreign stocks
Western Europe
..
Canada
Japan
Other
bonds, net, Treasury basis *_
less: recorded in line 1 as U S direct investment abroad
plus: other adjustments
-724
—1,261
-633
18
512
16
Bonds, net, balance of payments basis
33
116
_1
89
276
106
-166
—4
-58
-13
-2
50
-36
7
62
17
-34
—34
-24
-1
—15
-40
32
89
-46
—13
149
—1
-13
40
5
-56
-2
-27
-6
27
4
-088
-1, 963
-437
-393
-777
-1,963
-988
-996
-807
—109
—517
-2,108
-1, 221
-180
-714
-1, 266
-169
-483
—10
—13
—365
-50
-7
-174
-320
-677
-473
—354
—300
—10
—10
—93
-89
-76
—159
462
129
—85
-8
—34
—7
—36
155
98
-75
-68
—9
2
80
-50
-27
17
-8
—32
-329
-157
—68
-15
—89
U.S. securities, excluding Treasury issues, net foreign purchases (+) , balance of payments basis
(table 2, line 50, or lines 54+63 below)
-996
-777
-416
..
2
-S9S
—574
—30
—13
—20
—40
-274
-745
—500
—119
-54
—42
-2
—21
-20
-42
-52
-500
144
1
33
-5
-30
3
140
93
87
-4
-13
23
133
137
180
-13
-25
-5
StACkfl, net, balance of payinenta basis
Western Europe
Canada
Japan
Other Asia
Other
.
Bonds, net, Treasury basis *
Plus: proceeds obtained by U.S. parents from securities issued by Netherlands Antilles finance
subsidiaries •
Plus: other adjustments 1
.
Bonds, net, balance of payments basis
New issues sold abroad by U S corporations '
Investments by International and Regional organizations in nonguaranteed bonds of
U.S. federally sponsored agencies
Other transactions in U.S. bonds
of which: United Kingdom
..
672
692
440
204
—663
653
678
1,033
641
I
S
Stocks, net, Treasury basis 4 _
...
Plus: exchange of stock associated with U S direct investment abroad
Plus' other adjustments
' Revised.
* Preliminary.
*Less than $500,000 (±). n.a. Not available.
1. Acquisition of capital stock of existing and newly established companies, capitalization
of intercompany accounts, and other equity contributions.
2. Sales and liquidations of capital stock and other equity holdings, total, and partial.
3. Petroleum includes the exploration, development and production of crude oil and gas,
and the transportation, refining and marketing of petroleum products exclusive of petrochemicals. Manufacturing excludes petroleum refining and the smelting operations of mining
companies. "Other" industries include all industries except those previously listed, the major
ones being agriculture, mining and smelting, public utilities, transportation, trade, insurance,
finance and services.
4. As published in Treasury Bulletin. Treasury data are based on transactions by foreigners
86
90
—4
50
(*)
-416
-2, 373
—169
-1, 744
...
—212
—298
160
Stocks, net, balance of payments basis
IV
-1,719
By industry of foreign affiliate: 3
Petroleum
Manufacturing
Newly issued in the United States...
Western Europe
Canada
Latin America
Japan
Other countries
International
Redemptions of U.S. held foreign bonds 6
Other transactions in outstanding bonds 8
Western Europe.
Canada
Japan
Other
III
II
-7, 455
U.S. direct investments abroad (table 2 line 39)
5
6
7
1975
385
—2
56
US
S
2
— IS
961
895
1,269
544
282
—4
-45
331
-20
967
383
457
—49
—9
7
-23
82
56
32
—4
-27
70
-15
488
118
16
33
-19
73
15
436
—13
961
592
47
-41
354
9
230
895
482
52
(*)
365
17
IS
SO
-867
228
-121
-363
19
-223
16
10
181
3
-49
820
60
37
332
39
-81
19
-601
-538
-172
-175
-308
-217
-256
97
19
-352
-187
-127
-108
-471
128
116
309
24
383
67
86
13
-650
-467
187
99
69
139
178
55
-50
123
69
-743
481
224
-65
1,288
12
81
31
44
-9
197
61
reported by banks and brokers in the United States: net purchases by foreigners (+) correspond to net U.S. sales (+).
5. Redemptions measure scheduled retirements and identifiable premature retirements of
U.S. held foreign debt securities. Unidentifiable nonscheduled retirements appear in line 45.
6. Securities newly issued by finance subsidiaries incorporated in the Netherlands Antilles are included to the extent that the proceeds are transferred to U.S. parent companies.
7. Mainly reflects exclusion of investments by foreign official reserve agencies in debt securities of U.S. Government corporations and agencies, private corporations, and State and local
governments. These investments are included in table 2, line 56.
NOTE.—Details may not add to totals because of rounding.
SURVEY OF CURRENT BUSINESS
26
December 1975
Table 7.—-Claims on Foreigners and Nonliquid Liabilities to Private Foreigners Reported by U.S. Banks and Nonbanking Concerns
[Millions of dollars]
Line
(Credits (+); increase in U.S. liabilities or decrease in U.S. assets. Debits (-);
decrease in U.S. liabilities or increase in U.S. assets.)
197r 4«-
1974 r
I
II
1975
III
IV
I'
III*
II r
Amounts
outstanding
Sept. 30,
1975
A. Claims reported by U.S. banks:
1
Long-term (table 2 line 41)
2
Short-term, nonliquid (table 2, line 42)
3
—1,175
7
g
g
10
11
12
Short-term liquid (table 2, line 43)1
14
15
16
Payable in dollars l
Of which Canada
Bahamas
17
Payable in foreign currencies
18
19
20
21
..
....
361
—596
8 526
1,818
—1 018
—781
28 395
-2, 695
-5,360
— 1, 187
—2,808
1 811
—963
—749
28 076
-1,364
-995
-336
-2,381
-2, 514
—465
854
-1,903
—138
—751
-1,665
—392
1 696
-104
219
—1 738
702
73
—1 348
568
31
12 962
10 070
5 314
248
-598
— 1, 157
-1,188
—119
-969
-2,286
—1 986
17
1,171
-1,348
—1 027
—210
—452
-692
—1 454
120
592
1,708
—609
—39
—432
1,263
—1 755
135
—174
169
—879
3 254
7 810
16 255
-28
-12
2
—9
-92
—3
-5
—2
7
7
-55
7
-32
—6
319
57
—6,134
..
—398
—2, 813
—64
-848
-5,483
—5 655
.
—172
-1,279
-12, 050
Payable in foreign currencies
Of which Canada
13
.
88
-5,358
-123
—26
.
—913
-2,723
-3,642
-7,077
—1,331
Payable in dollars
By type:
Loans
Acceptance credits
Collections outstanding
By area:
Canada
Western Europe
Japan
Other
4
5
6
—178
-12,173
—2,343
— 1 306
—753
—1, 732
—5, 062
—2 413
926
17 165
-5, 724
—415
-2,078
-2,185
-478
-472
-1, 194
302
-344
-885
83
-748
-1,460
-322
-514
-5, 102
-303
-2,687
-2,403
92
-2, 594
812
-63
2,174
757
16,353
1 471
5 835
—410
-158
-112
132
-272
40
-10
114
812
—240
-170
-117
-41
—142
30
219
-87
-200
-72
41
-1
35
-45
15
99
576
236
—317
-93
Deposits
Foreign government obligations and commercial and finance paper
By area:
Canada
Other
.
-67
-91
—116
4
76
56
-210
-62
34
6
22
-32
146
-32
341
471
B. Claims reported by U.S. nonbanking concerns:
1
Long-term (table 2, line 44)
2
Short-term, nonliquid (table 2, line 45)
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
—401
Reported by brokerage concerns
Reported by others
Payable in foreign currencies
Payable in dollars
Canada
United Kingdom
European Economic Community (6)
Japan
Other
-.
_
-116
-174
-19
57
139
4,170
-602
-175
-354
285
-84
303
7,539
7
-1,479
-1
-1,478
-32
-28
-302
-307
-809
—16
-586
-12
—574
-114
-4
—214
215
-457
62
-237
-34
-203
-34
-112
16
-12
-61
—15
-339
14
-353
12
57
6
-62
-366
-16
301
5
296
-120
-60
269
-85
292
-40
-44
-78
34
-33
21
28
19
-1
-8
311
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
7,281
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
258
—133
-222
78
138
-464
3,656
591
-108
151
164
-311
2,647
-425
-62
—38
37
559
32
-82
-26
133
18
193
-29
-281
2,522
125
-161
-280
-46
44
—30
-15
79
217
295
-7
-115
14
-40
238
-47
45
91
28
-130
-124
-57
746
1,036
865
—128
-25
18
-7
-114
-72
-26
-153
1,009
24
—152
85
—110
-20
38
1
—8
-42
-72
58
-130
19
-45
-88
-65
510
499
—131
3
Payable In foreign currencies _ .
By type:
Deposits
Other claims (of major U.S. corporations only)
By area:
Canada
Other
584
—1
—45
—208
248
.
17
-487
14
—19
Payable in dollars
By type:
Deposits (of major U.S. corporations only)
O ther claims (of major U.S. corporations only)
-512
—5
Short-term, liquid (table 2, line 46)
By area:
Canada
United Kingdom
Other.
4
-1, 472
38
—2,641
-33
—2 608
—168
-87
—494
-166
—1,693
_.
-115
—2, 603
-95
70
56
—38
-15
8
-77
-37
-115
43
-40
14
-66
-87
518
491
— 1 067
-116
-426
36
—360
55
-84
21
-247
-74
-102
75
154
-24
-137
635
2,146
9
60
155
190
7
23
-40
-55
-113
-98
-39
-21
-287
-282
-114
-117
721
401
-372
-64
-190
5
293
-44
328
81
84
-34
-59
-48
4,879
818
-30
Memorandum:
24
25
U.S. dollar deposits in Canadian Banks:
As reported by major U.S. corporations other than banks (included in line B. 14)...
As reported in Canadian banking statistics
C. Nonliquid liabilities to private foreigners reported by U.S. banks:
1
2
Long-term (table 2, line 53)
Of which international and regional organizations
.
D. Nonliquid liabilities to private foreigners reported by U.S. nonbanking concerns:
1
2
Long-term (table 2, line 51)
Of which reported by Netherlands Antilles finance subsidiaries 2
-347
-94
-78
9
3
Short-term (table 2, line 52)
1,840
417
753
432
238
-54
205
-40
46
1,834
253
1,581
38
725
818
51
-64
430
120
310
55
215
40
-30
59
724
137
587
-9
195
401
-56
-11
499
33
466
-18
311
173
-5
62
181
-37
218
10
4
204
56
-67
-43
-52
9
-50
-416
475
31
-48
222
157
65
20
-230
275
4
5
6
7
8
9
10
11
Reported by brokerage concerns
Reported by Netherlands Antilles finance subsidiaries 2
Reported by others
. . . .
Payable in foreign currencies
.._
Payable in dollars... .
Canada
Western Europe
Other.
«• Revised.
* Preliminary.
n.a. Not available.
1. Includes claims of U.S. banks on their foreign branches and those of U.S. agencies and
branches of foreign banks on their head offices and foreign branches of such head offices.
2. Funds obtained by finance subsidiaries incorporated in the Netherlands Antilles from
-421
6,738
-37
-72
-312
n.a.
n.a.
n.a.
n.a.
n.a.
343
753
5,642
n.a.
n.a.
n.a.
n.a.
n.a.
sources other than sales of newly issued securities are included to the extent that they are
transferred to U.S. parent companies.
_.
-^ . .-,
* jj * * * i v
* *„„**„„
NoTE.-Details may not add to totals because of rounding.
SUEVEY OF CURKENT BUSINESS
December 1975
27
Table 8.—U.S. Liquid Liabilities to All Foreigners, Other U.S. Liabilities to Foreign Official Agencies, and U.S. Official Reserve Assets, Net
[Millions of dollars]
19;'I'
Line
I
2
2a
3
4
5
6
7
g
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
(Credits (+); increase in U.S. liabilities or decrease in U.S. assets. Debits (-);
decrease in U.S. liabilities or increase in U.S. assets.)
16,810
To other private foreign residents and unallocated
44 944
—2 676
— 8 818
733
176
2 185
8 489
30 322
8,S97
1,087
—768
8,768
817
8 041
—1 184
—1 498
884
609
—LB
8 1A8
8 788
87 699
-373
-23
43
4,787
1,120
490
41
1,340
—SOS
8,44*
-593
642
163
2,726
1 152
304
—26
828
—1 177
—128
—131
—1 240
1
141
—2
593
928
—177
—21
1 455
7 996
1 771
78
20 477
-536
332
215
871
—666
10
3
21
3
12
42
50
5
—84
17
1 191
1
—6
4 718
—5
-21
-69
213
—654
-136
—116
571
-16
—31
238
422
37
795
280
547
—11
219
—624
—194
2 013
13
—830
3 008
87
1 389
601
606
870
793
104
144
713
9 904
11
120
119
217
22
472
2 881
4,605
—24
18
-186
96
47
76
272
701
1 445
IV
III
I"
1 308
II r
586
1,437
r
-
- ..
63
327
302
349
210
68
569
31
-30
159
9
-37
244
71
30
118
99
105
48
—77
138
—88
8,503
Demand deposits
Time deposits 2
-.
U.S. Treasury obligations:
Bills and certificates
..
Payable in U.S. dollars
Payable in foreign currencies
_
Bonds and notes, marketable
Bonds and notes, nonmarke table, convertible
Payable in U.S. dollars
Payable in foreign currencies
Other obligations 2 3
.
.
.
,
2,551
3,087
1,703
* 1,002
4
— 2,961
4
74, 064
3,782
2,551
3 087
1 703
4
4
—2 961
4
74 064
507
—111
11
477
182
5
126
—25
—628
36
241
117
—112
—334
2 452
3 987
—447
—447
2,681
8,681
-790
-790
1 701
1,701
—2,021
-8, 081
—3 711
— 8,711
33 284
88, 884
-642
11
—509
10
—179
1
-133
179
4 232
L 869
-187
944
127
11
4,817
.
3,782
—917
3,145
3,146
.
—917
826
346
To central banks and govemirients.
6
212
229
9
532
10
-367
1
791
3,287
1,106
187
—3,008
116
* 2, 703
* 8, 708
-154
333
497
*497
(4)
366
136
630
841
321
252
1,002
(4)
673
-278
185
35
Nonliquid liabilities to foreign official reserve agencies, reported by U.S. Government
(table 2 line 57)
655
—2
441
216
—5
4 -4
5
212
—5
(4)
445
To Canada
To Germany
To other countries
-T ,
--
5
657
Export-Import Bank obligations
—2
41
U S Treasury obligations to Germany to be liquidated against U.S. claims
6 452
19, 524
18, 067
4
1 467
8,365
3,760
4
(4)
12
-1,434
U S official reserve assets, net (table 2 line 58)
Gold (table 2, line 59)
SDR (table 2 line 60)
Convertible currencies (table 2, line 61)
Gold tranche position in IMF (table 2 line 62)
r
.
--
Revised.
» Preliminary.
1. Position figures reflect increase of $15 million in U.S. Treasury bills and certificates
(line 27), $113 million in U.S. Treasury bonds and notes (line 31), $19 million in nonmarketable, nonliquid U.S. Treasury obligations (line 38), and a negligible amount in convertible
currencies (line 45), as a result of revaluations in foreign currencies due to the dollar devaluation in the first quarter, 1973. Total official reserve assets (line 42), also include an increase of
$1,436 million resulting from change in par value of the dollar on October 18,1973, consisting
of $1,165 million gold, $217 million special drawing rights, and $54 million reserve position in
the International Monetary Fund.
2. With maturity of 1 year or less, negotiable certificates of deposit with a maturity of 1 year
or less are included in "other obligations."
3. Includes debt securities of U.S. Government corporations and agencies with a maturity
of 1 year or less.
4. All nonmarketable U.S. Treasury securities issued to foreign official reserve agencies
are included in U.S. liquid liabilities to foreign official agencies in lines 29, 30, and 31, beginning in the second quarter 1975.
5. Includes liabilities of U.S. monetary authorities for gold deposited by and held for the
IMF and includes U.S. Treasury obligations obtained from proceeds of gold sales by the IMF
-172
3
-1,265
(4)
(4)
—2
—4
42
4
4
Nonconvertible U.S. Treasury securities issued:
To Italy in connection with military purchases in the U.S
40
43
44
45
46
4
.
Other readily marketable liabilities to foreign official agencies « (table 2, line 56)
37
38
39
106
128
8,503
U S liquid liabilities to foreign official agencies (table 2, line 55) ...
T o International Monetary Fund
4 089
2,870
Demand deposits
Time deposits 2
U.S. Treasury obligations:
Bills and certificates
Bonds and notes
Other obligations 2 3
211
201
103
950
To international and regional organizations
—1 701
2 258
8 750
1,306
1,413
221
9,681
_....
4 359
2 938
8,178
1,319
- --
4,023
2,991
8,418
38
27
Demand deposits
Time deposits 2
-U S Treasury bills3 and certificates
Other obligations 2
3,929
4,434
4,900
t,849
10,878
To foreign branches of U 8 banks
To others
4,499
12, 621
To foreign commercial banks
Seasonally adjusted
II
34
36
III*
Amounts
outstanding
Sept. 30,
19751
I
U S liquid liabilities to private foreigners (table 2, line 54)
Demand deposits
Time deposits 2
U.S. Treasury obligations:
Bills and certificates
Bonds and notes
Other obligations 2 3
1975
1974 '
—4
—4
-210
-1
-209
-358
-29
-85
-244
-1,003
8 -123
-152
8 -728
-325
137
8 -20
241
8 -84
-29
8 -4
8
8 -16
-14
-307
8 -7
-6
12
-342
16, 291
8 -25
-222
8 -95
7 11, 599
82,301
247
8 2, 144
to the United States to acquire income-earning assets. Investment was terminated in February 1972, and gold was reacquired by the IMF.
6. Includes nonliquid liabilities reported by U.S. banks and investment in debt securities
of U.S. Government corporations and agencies, private corporations, and State and local
governments.
7. Includes a $53 million reduction in official reserve assets in 1975 that reflected the public
sales of gold from government stocks by the U.S. Treasury. These demonetizations were not
included in changes in U.S. official reserve assets in balance of payments transactions.
8. Beginning July 1974, the IMF adopted a technique for valuing the SDR based on a
weighted average of exchange rates for the currencies of 16 member countries. The amounts
outstanding for the U.S. SDR holdings and reserve position in the IMF are also valued on
this basis beginning in the third quarter 1974. Changes in U.S. holdings of SDR and in the
U.S. gold tranche position reported in the balance of payments accounts continue to be
reported on the basis of the value of the transactions only. At valuation used prior to July
1974 (SDR 1=$1.20635) SDR holdings September 30, 1975 amounted to $2,406 million; gold
tranche position in IMF, $2,226 million, and total U.S. reserve assets $16,478 million.
NOTE.—Details may not add to totals because of rounding.
SUEVEY OF CUREENT BUSINESS
28
December 1975
Table 9.—U.S. International
[Millions of
European Economic Community (9)
Line
2
United Kingdom
(Credits +; debits -) 1
1975
1974'
1974*
I
III
II
1974'
1974'
IV
Ir
II'
1975
I
Hip
II
III
IV
I'
II'
III*
1 Exports of goods and services 4
2
Merchandise, adjusted, excluding military 6
3
Transfers under U.S. military agency sales contracts
4
Travel
5
Passenger fares.
6
Other transportation ...
7
Fees and royalties from affiliated foreigners
8
Fees and royalties from unaffiliated foreigners
9
Other private services
.. 10
U.S. Government miscellaneous services
30,006
21,857
622
437
241
1,535
1,231
281
308
59
6,992
5,253
157
86
40
328
267
70
72
16
7,884
5,858
158
115
64
403
319
70
75
14
6,950
4,857
138
156
92
418
309
70
79
12
8,180
5,889
170
80
45
386
336
70
82
17
8,513
6,526
168
84
36
370
331
71
82
18
7,387
5,452
115
129
59
386
378
73
81
32
7,179
5,071
147
148
96
411
358
75
81
28
7,388
4,798
76
142
94
499
382
81
122
24
1,655
1,128
11
32
16
109
83
22
29
4
1,849
1,219
26
33
24
129
95
21
30
7
1,670
1,078
15
51
35
134
101
20
31
4
2,215
1,373
24
26
18
127
103
19
32
9
2,083
1,458
21
25
14
125
105
19
32
7
1,794
1,143
13
41
22
120
122
21
33
6
1,744
1,086
36
48
37
127
114
22
33
5
Receipts of income onflU.S. investments abroad:
Direct investments 7
Other private assets
U.S. Government assets
2,207
1,067
160
480
205
18
516
268
23
491
305
23
720
290
96
555
257
15
433
233
16
495
238
31
498
579
94
107
110
4
114
144
8
28
168
5
249
158
77
129
143
4
130
137
7
91
140
11
12
13
..
14
Transfers of goods and services under U.S. military grant
programs, net.
15
16
17
18
19
20
21
22
23
24
Imports of goods and services
-30,617 -6,727 -8, 165 -7,771 -7,954 -7, 144 -6,851 -6,696 -7,734 -1,613 -2,046 -2,048 -2,027 -1,809 -1,762 -1,728
Merchandise, adjusted, excluding military 5 ._
-19, 244 -4, 370 -5,109 -4,654 -5, 111 -4, 597 -3, 918 -3, 768 -4, 123 -876 -1,100 -1,045 -1, 102 -1,033 -912 -851
-72 -110
-84
-72
-72
-79
Direct defense expenditures
-2, 266 -525 -585 -565 -591 -583 -588 -539 -306
-77
-83
-26 -120 -145
-30 -121
-134
Travel
-1,075
-95 -368 -407 -205 -103 -380 -465 -368
-74 -109 -108
-70 -115
-97
Passenger fares
-345 -308 -387
-105
-1,076 -179 -362 -300 -235 -190
-1,484 -303 -378 -421 -382 -353 -335 -370 -620 -126
Other transportation
- - .-160 -178 -157 -145 -137 -151
-3
-4
-3
-5
-4
Fees and royalties to affiliated foreigners
-7
-7
-16
-33
-8
-6
-8
-9
-4
-9
-16
-17
-16
-17
-34
-15
-36
-37
-15
Fees and royalties to unaffiliated foreigners
-134
-34
-34
-33
-33
-61
-15
-59
-59
-59
-59
-55
-58
-82
-84
-86
-86 -229
Private payments for other services
-332
-85
-83
-85
-57
c
-5
-5
-7
-4
-4
-42
U.S. Government payments for miscellanous services
-35
-39
-19
-35
-35
-6
-127
-29
-28
Payments of income on foreign investments in the
TTnited States:
Direct investments 6 7
. . .
Other private liabilities
U.S. Government liabilities
25
26
27
-1
-442
-2, 148
-2, 256
-114
-436
-551
-99
-538
-575
-110
-589
-565
-119
-586
-565
-113
-477
-566
-109
-473
-533
-98 -274
-463 -1,115
-216
-518
-76
-217
-55
-54
-281
-58
-64
-315
-53
-81
-301
-50
-65
-241
-33
-56
-235
-29
-54
-238
-25
28
U.S. military grants of goods and services, net
29
-44
-9
-23
-12
1
19
10
8
-40
-10
-13
-7
-11
-7
-11
-6
31
32
Unilateral transfers (excluding military grants of goods
and services), net
U.S. Government grants (excluding military grants of
goods and services)
U.S. Government pensions an(f other transfers
Private remittances and other transfers
-246
202
-56
47
-60
37
-68
56
-63
63
-63
81
-63
72
-55
63
-37
-3
-9
-1
-9
-4
-10
3
-10
-2
-11
4
-10
-1
-10
e
33
34
35
U.S. Government capitalflows,net .
Loans and other long-term assets . .
.
Foreign currencies and other short-term assets, net
72
-219
-34
-95
-100
-17
44
-52
3
36
-41
9
86
-26
-29
-71
-114
5
27
-63
-4
65
-24
17
145
-35
-17
-18
-19
-6
61
-1
7
(*)
-8
-4
102
-7
-14
-11
-26
5
47
-7
7
-4
-1
324
22
94
69
140
38
95
72
197
6
55
12
124
10
46
16
538 -1,356
-398 -205
-115
-53
-140
-132
-76
-886
-551
-126
-726 -2,884 -1,729 -628
-268 -864 -554 ^—46
65 -347 -152
-86
390
124
-57
-917
-388
-51
-536
-290
-46
-541
-151
7
-408
-244
27
30
1
Repayments on credits:
Scheduled
Nonscheduled 8
36
37
38
39
40
U.S. private capital flows, net7
Direct investments abroad
Foreign securities
-5,925 -3,568 -1,539
-2, 567 -1,534 -430
-95
-438 -176
..
41
42
43
Claims reported by U.S. banks:
Long-term
Short-term, no illiquid -.Short-term, liquid
44
45
46
Claims reported by U.S. nonbanking concerns:
Long-term
Short-term, nonli quid
..Short-term liquid
47
48
-
- -
Foreign capital flows, net.
U.S. Government nonliquid liabilities to other than
foreign official reserve agencies.
Other foreign private capital:
Direct investments in the United States 7 .
U.S. securities other than Treasury issues
Other long-term, reported by U.S. nonbanking
concerns.
Short-term, reported by U.S. nonbanking concerns. .
Long-term, reported by U.S. banks
U.S. liquid liabilities to private foreigners
49
50
51
52
53
54
55
56
U.S. liquid liabilities to foreign official agencies
Other readily marketable liabilities to foreign official
agencies.
Nonliquid liabilities to foreign official reserve agencies
reported by U.S. Government.
57
58
59
60
61
62
Transactions in U.S. official reserve assets, net
Gold
63
Errors and omissions, and transfers of funds between
foreign areas, net.
-248
-716
-1,205
-50
-476
-676
-253
-535
29
89
871
-92
-34
-576
-466
-49
370
-745
-22
-345
-33
-87
-90
-531
-181
-425
-687
-9
-132
-510
-65
-291
-71
-44
397
-171
-63
-399
65
-28
176
-589
-40
-279
-213
-74
182
-431
-28
-551
-172
-87
-334
-235
17
-219
-54
-27
-56
266
69
58
-149
17
188
287
50
27
114
26
329
-170
-73
-83
-224
-78
-36
-258
5
-27
-46
-7
-78
226
7
58
-146
25
-72
288
42
3
89
g
267
-130
4,191
-3
1,128
-13
3,379 -1,130
-67
73
814
4
2,237
-61
-582 -2,466
-2
-32
2,062
6
1,753
7
1,571
-5
257 -1,519
2
2
-286
-2
-862
19
-100
-7
1,073
616
-13
439
429
48
277
193
-111
338
100
-93
19
-107
143
426
367
220
187
169
29
-556
645
-53
348
-123
-63
196
120
45
152
-21
-84
125
-44
-42
-125
-178
18
16
168
185
-118
55
77
112
180
-18
867
255
365
254
-7
-246
-171
-223
345
137
171
154
-117
999
-30
2,282 -1,803
550
1,531 9-760 9-2,277
1,549
1,248
1,358
652
212
441
9
4
62 -1,119
-212
-151
-141
-441
-744
-226
(*)
(*)
(*)
(*)
1
2
(*)
(*)
(*)
(*)
3
(*)
(*)
C)
(*)
1
2
(*)
(*)
(*)
(*)
3
(*)
230 -3,416
893
2,637
1,065
Allocations of special drawing rights (SDR)
64
11
SDR
Convertible currencies
Gold tranche position in IM F
See footnotes at end of table.
2,318
2,278 -1,580
1,390
-37
-794
—262
2,157
564
1,336
485
SURVEY OF CUEEENT BUSINESS
December 1975
29
Transactions, by Area
dollars]
Western European, excluding EEC (9)
European Economic Community (6) 3
1975
17'
94
17'
94
Eastern Europe
1975
17'
94
1974'
I
II
21,793
16,508
526
274
137
927
819
193
169
29
5,129
3,971
142
50
23
197
178
47
39
10
5,836
4,512
130
76
37
246
214
48
41
1,681
474
56
369
92
12
393
121
13
III
IV
I
'
m»
I'
I
5,087 5,741 6,225 5,363
3,652 4,373 4,935 4,160
119
135
139
98
82
98
55
50
53
34
21
25
253
231
220
238
203
224
215
249
49
50
50
50
43
45
43
45
6
9
25
6
461
133
17
459
128
14
416
111
9
I
II
III
IV
!•
•
I'
I
I
III*
5,205
3,824
107
93
55
255
234
50
43
22
9,291
6,407
373
133
71
725
189
67
162
53
2,317
1,650
59
30
13
160
46
15
39
12
2,427
1,704
89
37
20
187
49
16
40
13
2,006
1,310
114
36
22
195
39
17
41
15
2,541
1,743
113
30
17
184
55
19
42
13
2,714
2,044
53
27
12
183
58
19
42
13
2,505
1,731
76
37
18
182
62
19
43
13
2,133
1,496
65
34
20
193
51
18
43
14
401
95
25
681
351
79
253
65
-24
158
8S
29
74
105
40
196
94
36
159
74
31
216
69
38
73
76
50
190
94
34
31
32
26
44
-45
-254
-513
-47
-272
-508
-37
-282
-510
IV
462
406
503
438
368
305
544
481
619
550
540
471
690
621
70
17
19
17
18
19
21
22
13
38
4
2
8
1
t
9
1
4
10
1
5
11
1
4
11
1
4
11
1
77
45
15
14
18
15
21
c
22
7
22
13
20
13
31
!
0
-1
2
20
34
L
11
22
8
-303
-281
()
*
-5
-254
(
213
-244
-198
()
*
-25
-272
-244
()
*
-10
-12
-13
-13
-285
n
(*)
-5
()
*
()
*
-4
-1
-I
8
-5
-53
-237
-499
-44
-89
-223 -1,520
-488 -371
-13
-283
-94
-42
-343
-89
-19
-433
-90
-15
-461
-98
-15
-366
-99
-13
-320
-92
-13
-318
-106
-190
-94
-34
-31
-32
-26
-44
23
-300
-73
-86
-70
-71
-68
-86
-85
-33
-8
-9
-9
-6
-31
-36
-12
-30
-44
-3
-31
-37
-5
-30
-36
-7
-28
-32
-19
-30
-37
-12
-32
-40
-1
-18
-14
-1
-4
-4
()
*
-5
-4
()
*
-5
-4
-228 -198 -220
-204 -153 -17;
-1
(
l6 -25 -2'
-12
()
*
()
*
()
*
(
'13
-10
-11
()
*
()
*
-1
-6
-6
-4
29
1
2
3
4
5
6
7
8
9
10
11
12
13
14
1
-48
-234
-528
III"
II'
I
'
1,877
1,630
-21,825 -4,852 -5,835 -5,451 -5,687 -5, 133 -4,853 -4,711 -9,329 -1,974 -2,430 -2,398 -2,527 -2, 104 -2,012 -2,079 -1,105
-14,398 -3, 290-3,819 -3, 452-3,837 -3,421 -2,858 -2, 777 -5,023 -1, 111 -1, 270-1, 161 -1,481 -1,104 -987 -976 -977
-1,913 -428 -496 -481 -508 -464 -499 -455 -361 -102
-91
-74
-85
-72
-94
-77
-1
-62 -221 -222 -122
-62
-617
-84 -151 -230
-71 -234 -265 -525
-70 -185 -208
-50
-614
-97 -221 -173 -123 -104 -211 -177 -396
-71
-77 -137 -111
-87 -131 -114
-784 -162 -198 -221 -204 -189 -182 -201 -785 -158 -203 -225 -199 -183 -169 -186
-49
*:
-17
-5
-4
-25
-4
-4
-4
-102
-31
-22
-4
-25
-20
-42
-30
-71
-19
-18
-17
-17
-3
-17
-18
-1£
-4
-4
-5 n
-14
-3
-3
-4
-99
-25
-25
-25
-13
-25
-25
-25
-26
-11
-11
-14
-48
-13
-14
-14
2
-21
-104
-24
-30
-24
-30
-29
-34
-33
-95
-20
-26
-22
-25
-26
-23
-18
-38
-216
-488
III
II
4
283
93
8
-1
-166
-1,024
-2,018
Line
1975
1974'
-7
—2
-3
-2
-2
-2
15
16
17
18
19
20
21
22
23
24
25
26
27
28
-9
-10
-10
29
-5
-7
-6
—(
—L
30
31
32
-189
220
-43
52
-45
44
-53
55
-48
69
-46
80
-47
77
-40
62
-27
-121
-152
-81
-167
-20
-76
-74
-14
-21
-49
-5
36
-29
12
-20
-17
-13
-56
-84
3
-19
-52
-8
55
-17
18
-391
-671
14
-67
-121
8
-49
-131
8
-78
-157
-197
-262
-2
-156
-210
7
-79
-135
-2
-133
-196
1
103
-158
17
48
-38
6
52
-35
4
26
-27
3
-22
-59
4
17
-63
3
28
-56
7
31
-33
6
33
34
35
32
52
10
25
41
54
266
46
74
79
67
48
58
63
244
79
82
49
33
78
78
58
36
37
-921
-376
-10
339
-322
-58
-517
90
-2
281
54
-33
-313
-381
-136
-335 -1,923
-26 -996
38 -142
-889 -1,194
-441 -312
10
-14
386
-52
-22
-225
-191
-116
-10
-164
-161
-432
-254
88
92
268
-79
-247
3
-91
-14
-145
-7 -140
-81
38
39
40
106
12
-2,864 -1,765
-1,536 -928
-97
-28
()
*
-3
E
e
-45
-293
-517
-35
-318
-163
-181
-254
98
139
458
81
32
-179
-533
-16
188
-156
23
-53
190
-12
-280
-111
-261
-183
-83
-105
-108
-36
-142
-427
-232
29
240
200
-43
112
-15
-96
213
49
-108
-106
-48
6
-108
31
-127
-87
-2
-18
1
-69
-25
-2
-11
—6
-4
-29
-56
3
-74
28
3
-48
-46
-5
-39
-25
4
41
42
43
46
-474
52
-9
-307
23
12
-202
-8
-20
20
40
63
15
-3
-8
253
-1
8
10
25
31
65
-40
75
-322
-10
41
-251
1
4
-66
-5
15
-24
15
19
-6
-15
167
-3
13
-16
-2
28
-56
2
6
-37
-6
26
24
-19
7
-12
-51
9
27
-1
-40
-1
-20
44
45
46
2,439
—6
-344
-19
1,924 -1,394
-72
73
2,253
11
2,517
-54
301 -2,317 7,545
-49
6
107
223
39
1,913
48
2,664
-46
2,744 -2,319
66
111
588
(*)
553
74
195
15
5
83
92
-51
189 -118
47
48
717
738
57
246
311
1
-1
513
111
-232
-993
652
120
213
-20
205
144
-49
146
70
126
400
200
34
306
111
-51
-664
463
-35
177
140
10
107
136
11
7
65
-14
-12
7
-22
76
-68
35
3
233
-16
30
268
23
-36
344
-46
193
96
113
-33
-12
-77
228
20
69
47
92
78
70
-7
35
-5
5
46
-11
-16
-5
3
52
53
54
1,049 -1,863
1,575
1,970 (9*) -2,010
6,884
-88
1,739
2,690
2,543 -2,728
198
224
156
19
1
37
99
-35
180 -121'
55
56
-2
-2
441
0-4
212
()
9
()
*
49
50
51
14
4
57
()
*
()
*
-2
2
()
*
3
-1
-85
28
61
-15
-8
()
*
C)
-2
2
()
*
3
-1
-85
28
61
-15
-8
-42
2,081 -4,896
464
-497 -2,538 -2,326
1,958
-476
-439
58
59
60
61
62
-42
63
508
1,899
-981
1,381 -1,791 -3,866
-511
-790
-217
-175
-209
-190
-341 -410 -292
64
SUEVEY OF CURRENT BUSINESS
30
December 1975
Table 9.—U.S. International
[Millions of
Canada
(Credits +; debits-)^
Line
Latin American Republics and Other
Western Hemisphere
1974 r
1975
1974"
1974 '
I
1 Exports of goods and services *
Merchandise, adjusted, excluding military 5
2
Transfers under U.S. military agency sales contracts.
3
4
Travel
- -Passenger fares
5
Other transportation
-- -- 6
Fees and royalties from affiliated foreigners
7
Fees and royalties from unaffiliated foreigners
8
Other private services
- - --9
10
U S Government miscellaneous services
27, 165
21,848
74
1,225
14
415
525
39
290
6
Receipts of income on U.S. investments abroad:
Direct investments ' 7
Other private assets
U.S. Government assets.
--
1,183
1,537
10
11
12
13
1975
1974 r
II
IV
III
6,132 7,009 6,435
4,897 5,726 5,126
14
15
16
334
354
308
4
4
3
110
107
90
124
110
125
9
10
8
72
69
73
1
1
2
Ir
7,589
6,099
29
229
3
109
166
12
76
2
6,953 7,668 7,017
5,523 6,334 5,549
32
21
17
372
480
410
3
123
105
131
122
134
117
10
11
9
79
78
79
1
1
2
III*
II r
I
II r
II
III
IV
6,775 6,086 6,391
4,502 4,240 4,378
17
30
28
432
416
508
44
44
37
170
170
181
100
79
93
18
18
18
114
112
109
30
26
23
I'
Hip
252
389
3
227
389
1
428
433
5
222
390
2
184
407
5
276
409
3
5,072
3,285
18
343
35
148
82
13
110
19
5,872
4,070
16
406
42
175
89
15
110
23
5,647
3,966
20
430
59
175
82
17
109
25
1,968
1,867
257
615
334
70
401
445
81
195
528
40
757
560
65
360
536
48
383
542
64
358
591
60
24
277
327
1
23,365
15, 823
82
1,595
180
668
332
64
438
93
8
6
6
5
6
10
4
6,124
4,045
34
529
65
194
89
17
119
24
14
Transfers of goods and services under U.S. military
grant programs* net
---
15
16
17
18
19
20
21
22
23
24
Imports of goods and services
..
..
-25,476 -5,602 -6,556 -6,627 -6,692 -5,731 -6,232 -6,293 -23,596 -5,631 -5,985 -5,831 -6, 149 -5,476 -5, 198 -5,499
Merchandise adjusted, excluding military 5
-22,398 -5,075 -5,775 -5,498 -6,050 -5, 174 -5, 494 -5,223 -18,658 -4,481 -4,748 -4,475 -4,954 -4,214 -4,011 -4,225
or;
Direct defense expenditures
-34
-40
-19
-48
-56
-31
-312
-74 -101
-40
-43
-84
-50
-165
-53
Travel
......
-187 -130 -340 -670 -2, 369 -615 -591 -615 -548
-664 -627 -646
-1,352 -129 -350 -686
Passenger fares .
.-.
-54
-43
-164
-39
-27
-49
-48
-49
Other transportation
-92
-125
-138
-70
-72
-97
-94
-90
-89
-519 -109 -128 -148 -134 -124
-351
Fees and royalties to affiliated foreigners. .. _
-22
-20
-20
-1
-19
-23
-26
-82
-23
(*)
(*)"
(*)
(*)
(*)
-1
-4
Fees and royalties to unaffiliated foreigners
-2
-2
-2
-2
-2
-2
-15
-4
-4
—3
-4
-4
-7
-91
Private payments for other services
-64
-89
-66
-64
-71
-70
-84
-262
-68
-73
-84
-87
-333
-83
-83
U.S. Government payments for miscellaneous serv—64
-59
ices
-7
-4
-5
-4
-5
-4
-4
-46
-55
-219
-46
-65
-61
-17
25
26
27
Payments of income on foreign investments in the
United States:
Direct investments 6 7
Other private liabilities
U.S. Government liabilities
28
31
32
Unilateral transfers (excluding military grants of goods
and services)y net
U.S. Government grants (excluding military grants
of goods and services)
...
U.S. Government pensions and other transfers
Private remittances and other transfers .
33
34
35
U.S. Government capital flows, net
Loans and other long-term assets
Foreign currencies and other short-term assets, net...
-14
-116
-77
-23
-115
-75
-33
-110
-75
-37
-92
-71
-20
-86
-65
-17
-92
-60
30
36
37
38
39
40
Repayments on credits:
Scheduled
Nonscheduled 8
U.S. private capital flows, net7
Direct investments abroad
Foreign securities
-135
-27
-38
-40
-30
-23
-29
-97
-38
-23
-5
-24
-14
-25
-15
-25
-5
-26
3
-26
-3
-88
-99
-2
-28
-26
-2
-3
-11
1
-17
-20
1
-40
-43
-1
-22
-25
2
-2
-10
2
6
2
5
1
-666
-39
-652
13
(*)
-3,466 -1,389
-629 -279
-1,529 -503
-340
-8
-313
-6
-167
-8
-217
-11
-12
-284
-11
-8
-268
-8
—7
-215
-8
-6
-193
-16
-22
-216
-21
-8
-6
-6
-5
-6
-10
-4
-586
-73
-175
-168
-156
-165
-163
-58
-25
-79
-170
-274
-13
-299
-62
53
-64
-74
-21
-74
-70
-22
-84
-68
-22
-77
-58
-25
-73
-65
-23
-77
-9
-723
-10 -1,413
-3
(*)
-191
-352
-5
-183
-417
3
-150
-260
8
-200
-383
-9
-271
-394
14
-168
-312
-1
-175
-306
-6
167
(*)
232
102
192
110
145
137
-358 -10,093 -1,555 -2,868 -1,846 -3,824 -4,410 -3,941
40 -2, 270
331 -565
-817 -1,219 -663 -200
18
-452
-32
-39 -337
-5
-93
-17
560
-572
-1
6
-399 -1,338 -1,358
-217
-125 -179
-271 -441
-739
-34
-34
-937
-37
-24
-27
-106
-70
U.S. military grants of goods and services, net
29
-98
-448
-298
-28
-6
1
692
(*)
41
42
43
Claims reported by U.S. banks:
Long-term
Short-term, non liquid
Short-term, liquid
-11
-90
-732
17
236
-545
-23
-128
186
-47
14
159
42
-212
-532
(*)
127
-269
39
-32
114
-48
-485
129 -3, 282
83 -3, 183
44
45
46
Claims reported by U.S. nonbanking concerns:
Long-term
Short-term, nonliquid
Short-term, liquid
-121
-177
-176
-34
-25
-255
-18
-136
100
-42
-57
63
-27
41
-84
-42
-101
-155
-7
-94
-13
-299
25
-123 } -480
-28
-401
10
-353
-39
426
-242
-152
39
37
29
130
60
23
630
34
376
9
-39
17
421
15
-128
—7
-129
-6
-286
-8
281
-4
4,293
80
2,112
12
820
26
666
13
695
29
272
35
1,708
18
1,420
23
489
47
-1
51
-37
4
66
4
—7
316
40
-3
56
39
24
81
3
50
69
-3
-11
94
38
45
24
-291
71
-30
-145
-30
-12
-71
-13
39
-52
17
28
-23
-39
-10
94
2
16
8
-12
18
-5
25
71
-31
-12
-3
-31
12
-6
90
-142
182
54
-4
52
47
-64
32
279
-88
64
-195 9-406
9170
4,344
2,346
725
625
648
140
1,617
1,460
(*)
-180
180
-180
(*)
-180
180
-180
1,871
2,690
47
48
49
50
51
52
53
54
55
56
57
Foreign capital flows, net
U.S. Government nonliquid liabilities to other than
foreign official reserve agencies.
Other foreign private capital:
Direct investments in the United States 7
U.S. securities other than Treasury issues...
Other long-term, reported by U.S. nonbanking
concerns.
Short-term, reported by U.S. nonbanking concerns.
Long-term, reported by U.S. banks.
U.S. liquid liabilities to private foreigners
U.S. liquid liabilities to foreign official agencies
Other readily marketable liabilities to foreign official
agencies.
Nonliquid liabilities to foreign official reserve agencies
reported by U.S. Government.
58
59
60
61
62
Errors and omissions, and transfers of funds between
foreign areas, net.
5
(9)
-281
-93 -145
8 -123
-851 -191 -1,100 -534
-589
-830 -1,198 -3, 201 -2, 674 1,865
(9)
Allocations of special drawing rights (SDR)
64
5
Transactions in U.S. official reserve assets, net
Gold
SDR
Convertible currencies
Gold tranche position in IMF
63
5
-223
-39 -331
-775 -1,067
-611 -544
See footnotes at end of table.
1,371
538
-34
227
640
309
-453
-604
7,340
266
2,513
3,955
1,374 -2,087
SURVEY OF CUERENT BUSINESS
December 1975
31
Transactions, by Area—Continued
dollars]
Australia, New Zealand and South Africa
Japan
1975
1974 '
1975
1974'
1974 '
Other Countries in Asia and Africa
11
III
IV
I'
III*
II '
I
II
III
1,346 1,408 1,155
999 1,030
838
11
11
7
30
15
18
32
19
19
39
36
33
48
57
59
10
10
10
15
15
15
1
1 (*)
IV
I'
14, 275
10, 723
48
402
364
651
203
249
112
19
3,512
2,693
9
114
99
144
42
67
30
5
3,386
2,597
9
80
78
169
51
64
29
4
3,529
2,523
8
118
97
174
55
60
27
6
3,849
2,910
22
90
90
163
56
58
26
4
3,510
2,609
9
112
90
153
51
59
27
4
3,106
2,358
9
99
72
147
60
61
29
5
3,085
2, 265
12
135
82
156
59
64
30
5
5,162
3,758
68
83
91
145
212
38
61
2
1,119
820
15
16
15
31
51
9
16
(*)
1,289
909
36
22
25
39
56
10
16
(*)
216
1,258
30
106
195
8
25
274
6
48
405
8
38
385
7
86
301
9
27
231
8
44
224
9
530
148
25
115
28
2
130
36
11
120
40
2
165
45
10
-601
-468
-5
-15
-20
-15
-608
-466
-646
-501
-5
-16
-23
-20
(*)
-4
"-a
(t)
(*)
(*)
(*)
-15,279 -3,110 -3,660 -4, 186 -4,324 -3,794 -3, 253 -3, 448 -2,581
-12,414 -2,505 -2,929 -3,450 -3,530 -3,098 -2, 589 -2,716 -2,018
-754 -200 -177 -176 -202 -209 -184 -191
-20
-102
-30
-28
-18
-13
-40
-31
-35
-61
-107
-19
-35
-16
-37
-19
-31
-94
-37
-174
-679 -138
-178
-189
-163
-136
-150
-71
1
1
1
1
1
3
2 (*)
2
-2
-1
-1
-1
-8
-3
-1
-3
-12
-45
-11
-10
-11
-13
-11
-13
-13
—7
-6
-9
-8
-10
-421
-713
23
-93
-142
-21
-98
-179
27
-119
-192
-39
-112
-200
11
-88
-193
(*)
III*
1 '
1
I
-44
-8
2
-18
-28
2
-4
K
-16
-25
-17
(*)
8,458
4,070
409
56
49
268
65
8
111
49
8,021
4,427
484
36
31
272
96
9
115
47
114
35
3
122
34
10
123 10, 498
33
925
3
436
2,652
175
108
2,714
218
114
3,014
262
97
2,118
269
118
304
525
315
454
-727
-583
-5
-14
-26
-18
-646
-516
-5
-22
-22
-17
-680
-563
-4
-12
-24
-15
-3
(*)
-2
(*)
-3
(*)
-4
11
-149
15
8
-43
11
40
144
(*)
-6
-8
-3
-73
-179
-27
-84
-186
-5
-100
-166
-t
-24
-41
-1
-25
-40
-1
-29
-41
-2
-23
-44
-1
-12
-42
-2
-10
-39
47
-36
4
-9
-23
1
-34
-46
(*)
-27
-66
79
14
12
-10
-27
-7
-7
-7
-7
-7
11
12
13
755 1,191
-242
-2 -4, 757
-10 -485
-45 -289
_
58
14
-6,506 -7,786
-5,349 -6,549
-301 -249
-92 -138
—28 -37
-154 -169
-1 -10
(*)
(*)
-18 -19
15
16
17
18
19
20
21
22
23
-70
-67
-58
-67
-67
24
-480 -1,725 -1,735
-95 -152
-76
-42
-27
-83
-817
-163
-136
-243
-136
-163
-235
-121
-140
-260
-133
-155
25
26
27
-304
-58
28
-52
-53
-315
-454
-755 -1,191
-7
-5,732 -2,660 -1,482
-860
-730
-833
-685
29
-4,879 -2,458 -1,272
-2 -174
-41
-43
-161
-4 -679
-167
-644
-46
-170
-505
-43
-182
-603 -571 -476
-49 -44 -51
-182 -214 -158
30
31
32
-475 -694 -304
-659 -886 -535
21
-35 -14
33
34
35
210
(*)
36
37
-829
—2
5
-2
-5
-1
-5
-1
-5
-2
-5
36
-51
(*)
-25
(*)
47
-45
-1
-6
-8
1
41
-11
2
-5
-8
1
17
-17
-5
-16
-11
-6
20
-22
(*)
-10 1 1, 717 i 1,592
-6 -1,935 -594
-6 "SSI 1 -188
367
-537
560
87
-318
220
-328
-487
-11
41
80
24
93
2
50
2
39
2
41
2 13,071 i 2, 374
(*)
(*)
344
(*)
184
(*)
170
-149
-29
46
692
—27
-114
1,441
86
-69
-325
-202
-21
-801
-386
18
-170
-99
(*)
-323
-184
2
-56
-251
-101
15
20
37
22
-309
-90
-125
-149 -2,644
-77
552
-358
833
1,631
-76
-872
189
-74
-890 -1,716
-934
-335
-61 -147
-959 -1,886 -1,111
-185 -1,051 -314
-20
-152 -175
38
39
40
-11
-691
575
12
1,708
-799
-17
1,261
99
162
-314
38
-416
35
-82
-6
11
-117
-9
22
-89
10
-30
-128
-1
-45
c
-1
-89
12
-16
-72
-84 -1,916
-289
-14
-359
-172
-117
-774
-^f
-372
59
-411
-97
-99 -59 -130
-392 -561 -231
122 -209
-91
41
42
43
-20
-24
23
-21
-235
-88
-16
105
(
5
-91
384
655
25
795
13
812
-1
240
26
1(
-56
-26
-191
148
-17
28
c
40
-222
-40
ly
1'
63
27
24
93
-70 1 ~72
-70
21
201
5
13<
233
42
I
-345
-14
1
1
-14
-127
8
-73
-6
-31
-50
14
18
—2
18
-488
-171
-52
-65
-200
108
406
12
-178 11,581
8
460
1,875
21
3,956
136
3,719
260
2,032
43
-8
(*)
27
-17
743
219
206
-30 -17
-10 -145
44
4
212 S 45
I 46
1,707 2,404 1,620
120
391
442
47
48
36
1
(*)
"s
12
1(
i
309
339
74
500
1,435
73
—5
-778
82
-848
177
79
146
358
239
360
258
335
49
50
51
-29
504
116
202
20
166
109
317 -106
52
53
54
9,895
1,230
2,115
4,135
2,415
-15
-22
675
641
334
106
o
-5
-65
20
904
676
233
130
641
243
83
-6
-21
^
-11
-119
283
1
2
3
4
5
6
7
8
9
10
-6
218
26
78
7,432
4,890
868
64
46
262
58
8
112
43
-525
(*)
12
-7
III*
11'
-725 -31,138 -4,892 -8,500 -9,688 -8,058 -7, 269
-594 -22,854 -3, 792 -5, 944 -6,966 -6, 152 -6,062
-362
-321
-3 -1,224 -225
-315
-314
-18 -439
-71 -110
-127
-131
-101
-24 -119
-36
-37
-18
-28
-19
-162
-17 -655
-187
-176
-131
-155
i
-1
-1 (*)
-4
-1 (*)
(*)
(*)
(*)
(*)
(
-5
-19
-17
-16
*in
-18
-69
-1,598
-5
-8
(*)
15
( -167 -30<
\ -83 -10
2,60
-9
-10
11
48
-7
(*)
-4
-6
-5,48J -1,159 -2,285 -1,348
-633 -298 -721 -189
13
-4
-14
-9
2
-3
-6
-6,308 -2,002 -2,607 -1,550
-465 -344
-50
-41
514
118
194
157
2M 5
' 46
-8
-8
7,145 7,477
4,997 5,263
631
619
32
46
25
32
229
243
102
69
9
9
115
114
39
4.4
8,033
4,000
416
37
35
279
62
7
105
46
-33
-11
I'
7,567
3,766
368
28
28
247
57
6
99
34
-8
(*)
-4
-6
IV
1,187 32,079
830 16, 263
11 1,677
37
157
144
29
38 1,065
55
280
12
30
17
431
174
(*)
-6
-13
-11
(*)
III
1,190
856
8
26
24
35
49
11
16
1
(*)
(*)
II
1,598
_7
-29
1975
1974 r -
1974 '
I
Line
1974 '
-52
11
43
24
-38
45
12
15
-13
472
-180
-98
-389
-255
-62
78
-150
84
371
-161
651 1,089 1,014
55
56
57
58
59
60
61
62
63
4,70
1,21
2,192
1,434
-143
-61 -1,25
49 -1,455
-10
-30
-73
-31
-61
-620
-119 -5, 864 -4,315 -1,502
-826
779
684
34
834
64
SURVEY OF CURRENT BUSINESS
32
December 1975
Table 9.—U.S. International Transactions, by Area—Continued
[Millions of dollars]
International Organizations and Unallocated 10
(Credits -f ; debits -) 1
Line
1974 '
1974'
I
1 Exports of goods and services 4
2
Merchandise, adjusted, excluding military s
-Transfers under U.S. military agency sales contracts -_
3
4
Travel
Passenger fares
_
5
Other transportation
6
Fees and royalties from affiliated foreigners
7
Fees and royalties from unaffiliated foreigners
8
9
Other private services
10
U.S. Government miscellaneous services. .. _ .
11
12
13
II
1,228
222
412
249
2
...
Receipts of income on6 U.S. investments abroad:
Direct investments 7
..
.. .
Other private assets .
U S Government assets
1
II'
I'
IIlp
213
299
495
271
189
265
102
11
105
18
107
16
104
17
95
16
100
13
61
58
64
1
66
1
66
66
1
(*)
(*)
IV
III
97
8
52
1975
67
(*)
(*)
396
126
-8
Imports of goods and services
Merchandise, adjusted, excluding military 6
Direct defense expenditures
Travel
Passenger fares
Other transportation
- Fees and royalties to affiliated foreigners
Fees and royalties to unaffiliated foreigners
Private payments for other services
U S. Government pavments for miscellaneous services
591
52
295
10
30
52
1
23
10
-21
14
71
-282
-354
-517
-350
-345
-289
-388
-56
-938
-14
-185
-16
-247
-17
-271
-9
-236
-21
-212
-13
-193
-15
-213
-192
-14
-19
-139
-20
-9
-2
-81
-184
-133
-35
-34
-39
-34
-57
-34
-53
-32
-58
-45
-44
-37
-29
-50
Transfers of goods and services under U,S. military grant programs, net
15
16
17
18
19
20
21
22
23
24
38
11
-9
-1,502
14
5
53
1
25
26
27
--
Payments of income on foreign investments in the United States:
Direct investments ' ^
Other private liabilities
U S Government liabilities
-
-
28
U,S. military grants of goods and services, net
29
30
31
32
Unilateral transfers (excluding military grants of goods and services), net
U.S. Government grants (excluding military grants of goods and services)
U S Government pensions and other transfers
Private remittances and other transfers
-282
-282
-83
-83
-117
-117
-46
-46
-36
-36
-71
-71
-134
-134
-30
-30
33
34
35
U.S, Government capital flows net
Loans and other long-term assets
.
Foreign currencies and other short-term assets net
-338
-344
-56
-59
-101
-101
-7
-9
-175
-175
-109
-112
-45
-45
-88
-91
6
3
-659
-694
39
-418
-430
12
36
37
38
39
40
.
-
Repayments on credits:
Scheduled
Nonscheduled 8
U.S. private capital flows, net 7
Direct investments abroad
Foreign securities
_
--
---------
41
42
43
Claims reported by U.S. banks:
Long-term
Short-term nonliquid
Short-term liquid
Claims reported by U.S. nonbanking concerns:
Lon g-term
Short-term nonliquid
Short-term liquid
-1
35
21
14
-3
44
45
46
-145
-148
4
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
2
-3
-94
-134
39
-52
444
-495
P)
-1
-1,066
605
-1
-133
430
118
599
546
-455
192
143
-51
-739
-339
-204
-450
1,469
-325
287
169
1,338
884
-862
1,055
-273
-851
-104
-311
-23
-120
-20
-4
-16
-25
-95
-192
1,014
... ... _
U.S. liquid liabilities to foreign official agencies
Other readily marketable liabilities to foreign official agencies
Nonliquid liabilities to foreign official reserve agencies reported by U.S.
Government
Transactions in U.S. official reserve assets, net
Gold
SDR
Convertible currencies
Gold tranche position in IMF
-618
-156
-464
-132
-138
9
(*)
Foreign capital flows, net
U.S. Government nonliquid liabilities to other than foreign official reserve
agencies
Other foreign private capital:
Direct investments in the United States 7
U.S. securities other than Treasury issues
Other long-term reported by U S nonbanking concerns
Short-term reported by U S nonbanking concerns
Long-term, reported by U.S. banks
- ..
U.S. liquid liabilities to private foreigners
3
3
3
.- .
63
-209
-29
-172
-1, 265
Errors and omissions, and transfers of funds between foreign areas, net .
-209
-244
-123
-728
-84
-307
-7
969
-298
637
1,462
Allocations of special drawing rights (SDR)
64
-1,437
r
Revised.
v Preliminary.
*Less than $500,000 (±).
1. Credits, -f: Exports of goods and services; unilateral transfers to U.S.; capital inflows
(increase in U.S. liabilities or decrease in U.S. assets); decrease in U.S. official reserve assets.
Debits, —: Imports of goods and services; unilateral transfers to foreigners; capital outflows
(decrease in U.S. liabilities or increase in U.S. assets); increase in U.S. official reserve assets.
2. The "European Economic Community (9)" includes the "European Economic Community (6)", the United Kingdom, Denmark, and Ireland.
3. The "European Economic Community (6) "includes Belgium, France, Germany, Italy,
Luxembourg, and the Netherlands.
4. Excludes transfers of goods and services under U.S. military grant programs.
5. Excludes exports of goods under U.S. military agency sales contracts identified in Census
export documents, and imports of goods included under direct defense expenditures identified
1,976
959
346
in Census import documents, and reflects various other balance-of-payments adjustments
(for valuation, coverage, and timing) to Census statistics; see table 4.
anch
6. Includes interest, dividends, and branch earnings.
eign incorporate
7. Excludes reinvested earnings of foreign incorporated affiliates of U.S. firms or of u.b.
incorporated affiliates cf foreign firms.
8. Includes sales of foreign obligations to foreigners.
9. See footnote 6 to table 1.
10. Includes transactions with shipping companies operating under the flags ol Honduras,
Liberia and Panama.
.
. , TT Q
11. Includes extraordinary U.S. Government transactions with India, bee bpeciai u.b.
Government Transactions" in June 1974 SURVEY, p. 27.
NOTE.—Details may not add to totals because of rounding.
SUEVEY OF CUEKENT BUSINESS
December 19T5
33
Table 10.—Summary of Known Current and Long-Term Capital Transactions, by Area
1
[Millions of dollars]
197 4'
Receipts by foreign areas (— )
Line
I
I
2
3
4
5
All areas, balances on: 2
Merchandise trade
Goods and services
- Goods services *ind remittances
Current account - .
Current account and long-term capital 3
. _ _
--
1975
1974 r
II
III
IV
—5 277
3,825
2 104
-3, 357
—10 702
. - - . -
687
4 274
3 934
1,325
2 452
—1 193
73
—394
-1,868
—2,441
—3 747
—2 871
—3 340
—4, 104
—6 097
—1 024
2 348
1 904
1,289
—4 616
2,613
—611
—655
—655
—2 192
883
265
256
256
—782
749
—282
—304
—304
—729
203
—821
—834
—834
—830
778
226
227
227
149
675
—346
—386
-386
—1,540
.
II r
I'
252
42
32
32
—412
119
—198
—211
-211
—300
33
—378
—384
-384
—328
693
III*
2 358
4 230
3 312
3 075
—134
3 779
5 234
4 762
3 973
1 116
543
1 978
1 539
964
837
1 929
1 369
1 388
1 388
2 030
1 534
536
546
546
277
1 303
483
491
491
325
271
188
176
176
—499
425
273
266
266
283
231
32
21
21
—42
235
16
11
11
—6
(*)
(*)
-336
200
—364
—362
—362
—213
536
54
74
74
591
1 514
1 092
1 126
1 126
1 647
1 302
510
539
539
353
1 047
'494
516
516
373
g
7
g
g
10
European Economic Community (9), balances on: 4
Merchandise trade 2
-Goods and services
Goods services and remittances
Current account
_.__ .
Current account and long-term capital '
11
12
13
14
15
United Kingdom, balances 2on:
Merchandise trade
- Goods and services
.. _ _
Goods services and remittances
Current account
Current account and long-term capital 3
16
17
18
19
20
European Economic Community (6), balances on: 5
Merchandise trade 2
_._.
- _ _ _ Goods and services
- - Goods services and remittances
- - - Current account
.
Current account and long -term capital '
--
2 110
—33
—2
—2
—209
681
277
286
286
—252
oc
Other Western Europe,2 balances on:
Merchandise trade
Goods and services
Goods services and remittances
Current account
Current account and long-term capital 3
1 384
—38
311
—338
1 619
539
343
277
270
I
434
—3
77
—89
497
149
—392
459
—462
643
262
14
—52
—57
—481
940
610
550
542
282
744
493
4°6
407
388
520
54
19
—31
395
26
27
28
29
30
Eastern Europe, balances on:
Merchandise trade 2
-Goods and services
Goods services and remittances
Current account
- -Current account and long-term capital 3
653
772
741
740
725
125
159
152
151
176
184
218
209
209
215
107
124
115
115
129
237
272
265
265
206
346
391
382
382
334
318
343
332
332
326
448
470
460
460
451
31
32
33
34
35
Canada, balances on: 2
Merchandise trade
Goods and services
Goods Cervices and remittances
Current account _ _
Current account and long-term capital 3
—178
530
503
503
—299
—49
454
416
416
131
—372
— 192
—23^
2^2
—458
49
897
867
867
369
349
1 223
1 199
1,199
320
840
1 436
1 407
1 407
854
326
724
690
690
326
36
37
38
39
40
Latin American Republics and Other Western Hemisphere, balances on:
Merchandise trade 2 _
-Goods and services
Goods, services a n d remittances _ _
Current account
Current account and long-term capital 3
-2, 835
—231
-542
—816
—4 864
— 1, 196
—559
—570
—632
—662
-678
—113
—208
—282
—1 468
-509
—184
-290
—360
—1 392
-452
626
526
458
-1, 341
26
610
511
453
—811
367
1 193
1 092
1 027
578
-180
624
520
462
-478
41
42
43
44
45
Japan, balances, on: 2
Merchandise trade
Goods a n d services _.
Goods services and remittances
Current account
Current account and long-term capital 3
—1, 691
-1,005
—1 051
—1,048
-987
188
402
392
394
198
—332
—274
—286
—285
-332
-927
-657
—670
—670
-420
-620
-476
-487
-486
-432
-489
-283
—293
-291
-659
—231
-147
—157
—157
45
—363
-373
-373
-282
46
47
48
49
50
Australia, New Zealand, and South Africa, balances on:
Merchandise trade 2
Goods and services
Goods, services and remittances
_ _
Current account
Current account and long-term capital 3
_ . ._ _
1,740
2,581
2,554
2 554
2 296
352
518
511
511
440
443
681
674
674
555
498
701
694
694
714
447
681
674
674
587
322
509
502
502
552
293
510
503
503
341
236
463
456
456
378
51
52
53
54
55
Other countries in Asia2and Africa, balances on:
Merchandise trade
..
Goods and services
- -Goods services and remittances
Current account
Current account and long-term capital 3
—6, 591
941
88
-4, 791
e _i ? 848
-26
2,675
2 6473
15
6
3, 673
-1, 944
-467
—677
-1,949
33
-2, 896
-1, 230
-1, 446
-2, 090
-2,902
-1, 725
-37
-262
-767
-2, 652
-1, 065
-124
-354
-957
-984
-86
970
713
142
-864
-1,659
-354
-563
-1, 039
-1,100
56
57
58
59
60
International organizations and unallocated, balances on:
Merchandise trade 2
Goods and services
Goods, services and remittances _ _ _
Current account
Current account and long-term capital 3
-274
-274
—555
-1,907
-60
-60
-143
-259
-141
-141
-257
-334
-218
-218
-264
-308
145
145
109
-1,008
-74
-74
-145
-1, 179
-100
-100
-234
-825
-123
-123
-153
-857
21
22
00
24
..._
_ . _,
- - -
-
-
_ _ _ .
_ - .
-
- - -
- -
- - -
_-.
- - - - -
- -
- - - - -
--
--
..- - - - -
-
—550
1 689
1 554
1,554
—257
- - -
- - -
-
___
_
..
--
- -
8
••Revised.
*Less than $500,000 (±).
^Preliminary.
1. Balance of payments by area on the net liquidity basis and the official reserve transactions basis lack validity because liquid dollar holdings of private and official foreigners
may be affected not only by their transactions with the United States but also by transactions
among themselves. The balances shown by area here have some shortcomings due to statistical
discrepancies including errors, omissions, and incorrect area attributions.
Balances are derived from lines in table 2 (all areas) and table 9 (individual areas) as follows:
Merchandise trade
2,16
Goods and services
1,15
Goods, services and remittances
1,15,31,32
Current account
1,15,29
Current account and long-term capital
1,15,29,33,39-41,
44,48,49-51,53
(by area only
part of line 53
is included)
The balance on current account and long-term capital with "all areas" includes changes in
long-term liabilities to all private foreigners reported by U.S. banks; with "international
I
-451
organizations" includes only liabilities to IBRD and affiliated organizations; and with other
areas includes only liabilities to regional organizations. Increases in the long-term liabilities
to other private foreigners included in the total, but not in the areas, amounted to (millions
of dollars): 1974 year, -51; 1974-1, -35; 1974-11, -16; 1974-III, 15; 1974-IV, -15; 1975-1,
-18; 1975-11, -5; 1975-III, 3.
2. Adjusted to balance of payments basis; excludes exports under U.S. military agency
sales contracts and imports under direct defense expenditures.
3. Includes some short-term U.S. Government assets; area data exclude long-term liabilities reported by U.S. banks other than to international organizations (see footnote 1).
4. The "European Economic Community (9)" includes the "European Economic Community (6)", the United Kingdom, Denmark, and Ireland.
5. The "European Economic Community (6)" includes Belgium, France, Germany,
Italy, Luxembourg, and the Netherlands.
6. The current account balance reflects the effect of a U.S. Government grant of $2.0 billion
(in rupees) to India. This was offset in the balance on current account and long-term capital
by the repayment by India (in rupees) of loans previously extended by the U.S. Government.
NOTE.—Details may not add to totals because of rounding.
SURVEY OF CUEEENT BUSINESS
34
December 1975
Table C.—Selected Transactions of Official Agencies and Changes in Exchange Rate of U.S. Dollar
[Millions of dollars (unless otherwise noted)]
1974
1974
Line
I
1
2
3
4
5
Industrial countries *
Members of OPEC 2
Other countries
-
II
9,831 -1,197
Change in U S liabilities to foreign official agencies (decrease — ) _ _ . _
IV
I
II
Hip
Change:
1975
II-III
January-September
1974
1975
5,898
Change:
2,687
3,933
2, 539
1,319 -2,709
-4, 028
1,149
-4, 749
1,436 -1,371
2,472
4,348
-290
500
-210
-1,434
Changes in U S official reserve assets (increase — )
III
1, 524
2,643
-234
2,094
289
156
-252 -3, 386
915
1,672
656
-995
-3, 134 -2, 507 -1, 544
757
7,824
2,876
-1, 651
581
-183
963
-4, 948
-764
-1, 003
137
4,408
-983 -2, 572
10, 467
1,004
347
371
.
1975
-358
-325
-29
-342
-313 -1,571
-696
875
Activity under U.S. official swap arrangements with foreign monetary
authorities:
6
7
8
34
Index of trade-weighted average foreign currency price of U.S. dollar
(May 29 1970=100) 3
57
7
-259
180
229
-180
837
-604
-463
180
141
180
-195
180
-230
180
-3-e
83.9
U S drawings or repayments ( — ) net
Foreign drawings or repayments ( — ) net
82.7
83.5
86.2
83.9
82.6
84.6
89.6
6%
86.2
89.6
4%
p Preliminary.
1. EEC(9), other Western Europe, Canada, Japan, Australia, New Zealand, and South
Africa.
2. Partly estimated. Based on data for Indonesia, Venezuela, and Middle East and African
oil-exporting countries.
3. Based on U.S. Department of Treasury calculations of trade-weighted average exchange
rate changes of OECD currencies vis-a-vis the U.S. dollar. Calculated as of end of period.
NOTE.- Data are not seasonally adjusted.
CHART 7
(Continued from page 18)
net of changes in U.S. official reserve
assets. Under fixed exchange rates, the
balance was intended to indicate net
exchange market pressure on the dollar
during the reporting period resulting
from international transactions of the
United States. Under the current
managed floating exchange rate system,
changes in liabilities to foreign official
agencies are no longer the result of
obligatory exchange market intervention to support a fixed rate, although
there is discretionary official exchange
market intervention. Changes in liabilities to foreign official agencies now
inadequately reflect pressures on the
dollar in exchange markets. Changes
in dollar holdings of foreign official
agencies partly reflect investment decisions by the authorities of petroleumproducing countries, who may place
surplus exchange revenues in U.S.
money markets, or reduce their U.S.
money market holdings in order to
make other investments in the United
States or elsewhere.
A review of the balance of payments
presentation is being conducted by an
interagency group under the direction of
the Office of Management and Budget
(OMB). A private advisory committee,
selected by OMB, is participating in
the review.
Balances on Major U.S. International Transactions
Billion $
24
16
Official Reserve
Transaction
\
/
Current Account and
Long-Term Capital
-8
-16
Net Liquidity
-24
-32
-40
-48
-56
16
Merchandise Trade*
Current Account
-8
- -2
J_
-16
1969
70
71
72
Annually
73
74
75
1971
72
73
74
Quarterly, Seasonally Adjusted
* Excludes exports under military grants and U.S. military agency sales contracts and imports of U.S. military agencies
U.S. Department of Commerce, Bureau of Economic Analysis
75
SURVEY OF CUKEENT BUSINESS
December 1975
35
Table D.—Summary of U.S. International Transactions
[Millions of dollars, seasonally adjusted]
Line
No.
1974 r
Lines in tables 2, 3, and 9 in which transactions
are included are indicated in ( )
1
Merchandise trade balance (2, 16)
2
1974 r
Services net (3-13 17-27)
3
4
5
6
-5,277
I
II
-123
9,101
3,825
Balance on jjood.3 and services
3,115
2,992
1975
III
IV
-1,459 -2,315 -1,380
1,537
78
2,080
-235
3,378
2,026
1,348
1,637
2,521
989
3,178
5,015
4,547
-468
-448
-462
-426
36
2,730
4,553
4,121
-432
100
-370
-457
-457
2,622
-379
-692
550
-808
-649
U.S. Government grants (excluding military grants of goods
i -5,461 i -2,596 -1,408
and services) (30)
i -3,357
Balance on current account
126 -1,787 -1,500
8
U.S. Government capital flows, net, and nonliquid liabilities
to other than foreign official reserve agencies (33, 48)
U,118
11,411
9
Long-term private capital flows, net (39-41, 44, 49-51, 53)
-8, 463
264
484
-999
83
III"
1,830
2,104
Balance on goods, services, and remittances
II r
2,369
-1,721
Remittances pensions and other transfers (31 32)
Ir
Change:
1975
II-III
-439
-99
-860
-727
-721
-621
2,003
3,832
3,500
-474
-354
-563
-2,157 -5,570 -2,199 -2,431 -1,357
January-September
1974 r
1975 *
Change:
1974-75
-1,352
-3,897
7,234
11,131
884
6,732
5,506
-1,226
2,835
12, 740
9,905
-1,284
-1,336
-52
1,551
11,404
9,853
i -4,812
-2,069
12,743
i -3,261
9,335
112,596
-332
-209
11,978
-1,391
i -3,369
1,074
-2,892
-5,987
-3,095
533
-4, 175
1,957
6,132
-10, 631
-376
10, 255
-10, 702
1,701 -2,302 -3,574 -6, 529
-670
1,047
1,580
11
Nonliquid short-term private capital flows, net (42, 45, 52)-_- -12,936
-3,908 -5, 265 -1,458 -2,305
1,929
-970
-1,335
12
Allocations of SDR (63)
2,067
843
-37
-880
3,462
2,873
-589
3,326
920
208
-712
-11,344
4,454
15,798
2,730 -6,587 -2,634
4,711
7,345
7,813
-4,510
-12,323
4,919
6,633
-3,531
-56
3,475
10
13
14
15
16
Balance on current account and long-term capital
4,698
Errors and omissions, net (64)
-18, 940
Net liquidity balance!
Liquid private capital flows net (43, 46 54)
10,543
-8, 397
Official reserve transactions balance f
r
1,014
1,745
2,054
552 -4,200
Revised.
P Preliminary.
t These balances have been used to measure exchange market pressures on the dollar.
Under current conditions these pressures are inadequately reflected in them.
1,313
1,135
1,236
-1,193 -6,254 -3,897 -7,598
4,014
117 -4,868 -3, 261 -1,714
-365
1. Includes extraordinary U.S. Government transactions with India; see "Special U.S.
Government Transactions" in June 1974 SURVEY, p. 27.
NOTE.—Details may not add to totals because of rounding.
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December 1975
SURVEY OF CURRENT BUSINESS
BEST SELLERAGAIN AVAILABLE!
AREA ECONOMIC
PROJEQIONS1990
Prepared by the
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Bureau of Economic Analysis
Available from the Superintendent of Documents,
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Price $3.55. Make check payable to the Superintendent of Documents.
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U. S. GOVERNMENT PRINTING OFFICE : 1976 O - 599-064
CURRENT BUSINESS STATISTICS
JLHE STATISTICS here update series published in the 1973 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (available from the Superintendent of Documents for $6.80) provides a description of each series, references
to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1969 through 1972 (1962-72 for major quarterly
series), annually, 1947-72; for selected series, monthly or quarterly, 1947-72 (where available). Series added or significantly revised after the 1973
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1972 issued too late for
inclusion in the 1973 volume appear in the monthly SURVEY beginning with the August 1973 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 1973 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.
1972
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes areas shown in
the 1973 edition of BUSINESS STATISTICS
1973 | 1974
1972
Annual total
I
III
II
1975
1974
1973
in | rv
| IV
I
II
III
| IV
I
II
III
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
1,358.8 1 3838 1 416. 3 1,430.9 1,416.6 1,440.9 ••1,504.4
1,158.0
1,294.9
Personal consumption expenditures, total.. do
729.0
805.2
876.7
736.8
757. 2
781.7
799.0
816.3
823.9
840.6
869.1
901.3
895.8
913.2
938.6
968.8
Durable goods, total 9
do
Automobiles and parts
do
Furniture and household equipment... do
118.4
53.1
48.7
130.3
57.5
55.0
127.5
49.7
58.8
121.2
55.3
49.3
124.3
56.4
50.7
132.4
60.4
54.3
132.1
59.2
54.9
132.4
59.3
55.5
124.3
51.2
55.4
123.9
48.0
57.5
129.5
50.6
59.5
136.1
56.2
60.4
120.7
43.7
57.8
124.9
46.8
57.9
130.6
49.4
60.7
138.6
55.2
61.9
Nondurable goods, total 9
Clothing and shoes .
Food and beverages
Gasoline and oil
do
do
do
-do
299.7
63.0
143.7
25.0
338.0
70.2
165.1
28.3
380.2
74.1
187.7
35 9
302.0
63.7
144.7
25.1
310.9
66.0
148.5
25.8
323.3
69.1
155.9
26.8
332.7
70.1
160.9
28.0
343.8
70.6
169.1
28.7
352.1
70.9
174.5
29.8
364.4
72.8
180.1
31.5
375.8
74 4
183.5
36 8
389.0
75.7
191.3
37.9
391.7
73.7
196.0
37 5
398.8
76.2
201.4
37.8
410.1
78.7
204.8
39 6
422.7
81.2
209.2
41.8
do
.do
do
do
310.9
43.3
107.9
21.8
336.9
47.3
116.4
23.4
369 0
52.9
126.4
26 1
313.6
43.9
108.9
21.9
322.0
45.5
110.7
22.3
325.9
45.6
113.1
22.8
334.2
46.6
115.6
23.1
340.1
48.3
117.0
23.6
347.4
48.7
119.7
24.1
352.4
49.2
122.2
25.0
363 8
51 7
124.9
25 6
376.2
54.6
127.7
26.5
383 5
56 0
130.9
27 i
389.5
57.0
134.1
28.1
397 9
59.5
136.6
28 8
407.5
62.1
139.3
29.7
Gross national product, total t
Services total 9
Household operation ..
Housing .
Transportation
bll.$
.
..
1 397.4 1,169.3 1,204.7
1 248.9 1,277.9 1,308.9 1,344.0
179.3
209.4
209.4
182.1
190.2
199.0
205.1
209.0
224.5
210.5
211.8
205.8
209.4
163.1
148.1
179.1
.do
do .
do
do
do
do
do
do....
170.8
116.8
41.1
75.7
54.0
53.4
8.5
7.8
194.0
136.8
47.0
89.8
57.2
56.7
15.4
11.4
195.2
149.2
52.0
97.1
46.0
45.2
14.2
11.9
171.9
117.5
40.6
76.8
54.5
53.9
10.2
9.6
179.2
122.5
42.2
80.3
56.7
56.2
11.0
10.4
189.0
130.5
44.6
85.9
58.5
58.0
10.0
6.5
194.4
135.6
46.2
89.4
58.7
58.4
10.7
7.7
197.1
139.0
47.9
91.1
58.1
57.6
11.8
7.4
195.5
141.9
49.3
92.6
53.6
53.0
28.9
24.0
193.6
145. 2
51.3
93.9
48.4
47.8
16.9
13.1
198.3
149.4
52.2
97.2
48.8
48.0
13.5
10.4
197 1
150 9
51 0
99.9
46.2
45.4
8.7
66
191 6
151.2
53.7
97.5
40.4
39.7
17.8
17.5
182.2
146.9
52.8
94.2
35.3
34.8
-19.2
-17.8
179.1
142.7
49.1
93.6
36.4
35.6
-31.0
-30.6
184. 6
143.6
49.6
94.0
41.0
40.0
-5.5
-7.2
do
do
... _. do .
-6.0
72.4
78.4
3.9
100.4
96.4
2.1
140.2
138.1
-4.8
73.3
78.1
-5.3
78.5
83.8
-.8
88.8
89.5
.5
95.4
94.9
6.7
103.7
96.9
9.3
113.6
104.3
11.3
131.2
119.9
-1.5
133.5
140.0
-3.1
143 6
146 7
1.9
147.5
145.7
8.8
142.2
133.4
16.2 '13.0
136.0 ' 142. 7
119.8
129.8
Govt. purchases of goods and services, total, do
Federal
.
.
do.
National defense
„
.
do
State and local ..^*. . ... *»****. .*..*do ...
255.7
104.9
74.8
150.8
276.4
106.6
74 4
169.8
309.2
116.9
78.7
192.3
255.1
102.7
72.6
152.4
262.6
105.2
74 7
157.4
269.0
106.4
75 0
162.6
273.3
106.2
74 0
167.1
276.9
105.3
73.3
171.6
286.4
108.4
75.3
177.9
296.3
111.5
75.8
184.8
304.4
114.3
76.6
190.1
312.3
117.2
78 4
195.1
323.8
124.5
84 0
199.3
331.6
126.5
84.7
205.1
338.1
128.4
84.8
209.7
Gross private domestic investment, total... do
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential structures
Nonfarm
Change in business inventories
Nonfarm
. .. _
..
. .....
Net exports of goods and services
Exports
Imports . .. .....
.
By major type of product:!
Final sales, total
..
Goods, total
Durable goods
Nondurable goods
Services
.
Structures
..
..^.. .do .
do
do
.
do
..*
do
..do
*
Change in business inventories
Durable goods
.
Nondurable goods
do
do
do
1,149.5 1,279.6
535. 2
607.3
214.3
240.9
321.0
366.5
488.1 534.4
126.1
137.8
1,383.2 1,159.1 1,193.7 1,238.9 1,267.2 1,297.0 1,315.1 1,341.9 1,370.3
656.1
635.0 651.3
541.0
556.2
585.8 600.9 618.0 624.7
249.2
242.3 248.5
243.9 240.6
218.3
223.6
237.8 241 2
402.9
406.9
374.2 384.1 392.8
332.6
322.7
347.9 359.7
590.3
492.4
506.5
516.0 528.3 540.2 553.2 569.7 579.2
139.7
136.8
137.1
130.9
125.6
137.1 138.0
138.8 137.2
8.5
7.1
1.4
15.4
9.4
6.0
14.2
7.7
6.5
10.2
6.8
3.4
792 5
ooq o
821 2
7QQ 1
11.0
13.2
-2.2
10.0
6.1
3.9
343.5
130.5
86.1
213.0
1,407.6 1,413.1 1,435. 8 1,471.9 '1,509.8
730.0
686.1
711.5
673.0
664.8
252 9
259 8
261.7
268.7
246 2
433.2
461.3
413.2
449.8
418.6
635.3 •• 649. 5
597.8 614.5
620.9
125.2
130.3
136.7
128.8
133.9
10.7
7.7
3.0
11.8
9.0
2.9
28.9
14.8
14.1
16.9
8.7
8.2
13.5
-1.8
15.4
8.7
5.7
3.0
17.8
18.3
-.5
-19.2
-13.4
-5.7
A
04/1 a
845 7
830 5
827.1
823.1
804.0
780.0
783.6 •• 808. 6
539.7
542.7
547.2
528.2
531.5
539.7
548.6
107.8
225.8
213.7
92.8
221 A
214.1
95.2
222.5
213.7
97.9
226.4
215.5
103.2
228.1
217.3
-31.0
-14.7
-16.3
-5.5
-9.2
3.7
GNP in constant (1958) dollarsf
Gross national product, totalf
bil. $. .
Personal consumption expenditures, total.. do
Durable goods
Nondurable goods..
Services...
.
.
do
do
do
Gross private domestic investment, total.. .do
Fixed investment
Nonresidential ...
Residential structures
Change in business inventories
Net exports of goods and services
do
do ..
do
.do
do
527.3
552.1
539.5
531.2
el A
f)
542.2
090
Q
552.9
007
553.7
555.4
546.3
104.9
220 2
202 2
113.6
228 6
209 9
103.1
223 7
212 6
106.8
221 3
203 0
110.1
225 4
206 6
117.2
228 7
207 1
115.7
228 3
209 7
114.3
230 0
211 2
107.2
227 4
211 7
105.2
223 9
210 6
106.8
223.6
212.2
125.0
138.1
126.7
126.6
130.9
134.4
136.3
135.8
145.8
133.3
130.3
122.7
120.5
89.3
80.7
97.5
117.7
94.1
23.6
5.0
109.6
89.2
20.4
10.9
101.0
83.8
17.3
-11.7
97.8
80.3
17.5
-17.1
99.8
80.4
19.4
-2.3
7.3
9.1
11.6
14.0
'12.4
118.0
83 7
34.3
7.0
127 3
94.4
32.9
10.8
118 0
94 0
24.0
8.7
-3.0
4.6
9.0
118 1
83 8
34.3
8.5
122 0
87 2
34.8
8.8
-1.4
-1.9
Govt. purchases of goods and services, total, do
143.1 144.4
143.0
146.0
141.8
Federal
do
61 0
57 3
59 5
59 2
56 5
State and local
do
82.1
87.0
89.5
82.4
83! 8
r
Revised.
» Preliminary.
f Re vised series. Estimates of national income and product
and personal income have been revised back to 1971 (see p. 11 ff. of the July 1974 SURVEY);
revisions prior to May 1973 for personal income appear on pp. 22-23 of the July 1974 SURVEY.
127 1
92 2
35.0
7.3
128 4
94 3
34.1
7.8
127 7
95 1
32.6
8.0
125 8
96 0
29.8
20.0
122 7
96 3
26.4
10.6
122.2
96.5
25.7
8.2
1.4
3.5
5.8
7.9
11.5
8.2
150.1
149.2
147.7
146.3
145.9
145.8
145.7
146.0
144.1 143.9 143.7
58.9
57.4
58.3
57.0
56.5
56 3
56.3
56 4
56 2
57 7
58 9
91.2
90.2
90.9
89.4
89.3
89.5
89.3
89.7
87.5
85.2
86.2
Revised data for national income and product and personal income customarily published
in July issues of the SURVEY have been postponed until later; see box note on p. 1 of the Dec.
1975 SURVEY.
9 Includes data not shown separately.
S-l
599-064 O - 75 - S-l
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated in footnotes below, data
through 1972and descriptive notes areas shown in
the 1973 edition of BUSINESS STATISTICS
| 1973
972
1973
1974
|
I
Annual total
December 1975
II
1974
III
I
IV
II
1975
III
1
I
IV
1976
III
II
IV
I
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
Implicit price deflators :t
Gross national product
, Index, 1958=100
Personal consumption expenditures
do
Gross private domestic investment:
Fixed investment
do. _
Nonresidential
do
Residential structures
do
Govt. purchases of goods and services
do_.
154.31
145.9
170. 18
162.5
149.95
141.4
152. 61
144.3
155. 67
147.0
158. 93
150.8
163. 61
155.8
167.31
160.2
172. 07
164.7
177.97
169.6
181.62
171.8
144.8
139.6
157.4
178.6
152.4
144.9
174.0
191.5
165.3
158.7
191.4
211.8
148.7
141.7
167.1
186.7
151.4
143.9
172.1
189.9
154.3
146.1
178.1
192.6
155.4
147.9
179.7
196. 5
157.8
150.7
183.8
202.9
162.3
154.9
190.0
208.8
167.5
160.4
195.9
214.1
174.9
169.6
197.9
221.4
180.4
175.4
204.3
224.6
1,077.3 1,106.3
1,118.8
1,130.2 1,155.5
1,165.4 1.150.7
183. 88 '186.05
173.9
176.6
183.2
177.7
208.2
226.5
185. 0
178.7
210.9
228.9
946.5
1,065.6
1,142. 5
1,027.6
1,051.2
do
Nstional income totalf
707.1
786.0
855.8
759.1
776.7
793.3
814.8
828.8
848.3
868.2
877.7
875.6
885.4
906.6
do
do
.do
do
do
626.8
491.4
20.5
114.8
80.3
691.6
545.1
20.6
126.0
94.4
750.7
592.4
21.2
137.1
105.1
667.6
525.0
20.8
121.9
91.5
683.6
538.7
20.3
124.5
93.1
698. 2
550.8
20.2
127.2
95.1
717.0
565.8
21.0
130.2
97.7
727.6
573.8
21.0
132.8
101.2
744.6
588.3
20.9
135.4
103.7
761.5
602.5
20.8
138.2
106.7
769.2
605.1
22.0
142.1
108.6
765.1
597.4
22.0
145.7
110.5
773.0
601.9
21.9
149.2
112.4
791.4
617.5
21.9
152.0
115.2
75.9
54.9
21.0
25.9
96.1
57.6
38.5
26.1
93.0
61.2
31.8
26.5
89.1
57.0
32.1
26.3
92.8
57.1
35.6
25.7
99.3
57.7
41.5
26.2
103.2
58.4
44.9
26.4
98.4
59.3
39.1
26.4
89.9
60.7
29.1
26.3
92.1
62.3
29.8
26.6
91.6
62.5
29.1
26.8
84.9
62.7
22.2
27.0
86.1
63.4
22.7
27.1
94.6
64.7
29.9
27.4
92.2
105.1
105.6
103.9
105.0
105.2
106.4
107.7
105.6
105.8
103.4
94.3
104.9
' 123. 0
17.6
74.5
40.8
19.0
21.8
19.6
85.5
47.6
21.5
26.1
20.8
84.9
47.0
30.0
17.0
18.7
85.2
48.6
20.9
27.6
19.4
85.6
48.4
21.5
26.9
19.8
85.4
47.1
21.4
25.7
20.4
86.0
46.4
22.1
24.3
20.8
87.0
46.2
26.9
19.3
20.7
84.9
46.8
29.7
17.1
20.7
85.1
48.6
33.3
15.3
20.9
82.5
46.3
30.1
16.2
20.7
73.6
41.1
27.3
13.8
20.8
84.1
48.3
30.4
18.0
20.1
' 102. 9
58.9
32.6
26.3
9.2
24.6
9.2
28.7
7.8
30.1
9.4
27.2
8.8
28.4
9.5
28.8
9.2
30.3
7.1
33.7
8.0
30.1
8.6
28.0
7.5
28.7
6.8
25.7
8.1
27.8
11.4
32.6
do
do
do
do
do
99.2
41.5
57.7
27.3
30.3
122.7
49.8
72.9
29.6
43.3
140.7
55.7
85.0
32.7
52.4
120.4
48.9
71.5
28.7
42.8
124.9
50.9
74.0
29.1
44.9
122.7
49.9
72.9
29.8
43.1
122.7
49.5
73.2
30.7
42.5
135.4
52.2
83.2
31.6
51.6
139.0
55.9
83.1
32.5
50.5
157.0
62.7
94.3
33.2
61.1
131.5
52.0
79.5
33.3
46.2
101.2
39.0
62.3
33.8
28.5
113.3
43.0
70.3
34.0
36.3
' 134. 6
'52.0
'82.6
34.5
'48.1
do
do
-7.0
45.6
-17.6
52.3
-35. 1
61.6
-16.5
49.2
-20.0
51.1
-17.5
53.2
-16.3
55.5
-27.7
57.5
-33 4
60.1
-51.2
62.8
-28.1
65.9
-7.0
68.9
-8.4
71.9
-11.7
75.9
bil. $..
do
do
do
do
944.9
142.4
802.5
749.9
52.6
1,055.0 1,150.5 1,013.6 1,039.2 1,068.0
147.2
154.2
144.1
170.8
151.3
913.9
892.1
869.5
903.7
979.7
822.5
840.7
804.2
829.4
902.7
73.2
69.6
65.3
74.4
77.0
1,099.3 1,112.5 1,134.6
168.2
159.9
161.9
939.4
966.5
950.6
894.9
850.1
866.2
89.3
71.5
84.4
1,168.2
175.1
993.1
927.6
65.5
1,186.9 1,193.4 1,220.5 1,255.2
142.0
178.0
175.6
178.1
1,008.8 1,015.5 1,078.5 1,079.6
964.7 995.0
939.5
922.3
113.8
75.9
84.6
86.5
bil. $
do. .
ao. . .
do
88.44
31. 35
15. 64
15.72
99.74
38.01
19.25
18.76
112.40
46.01
22.62
23.39
21.50
7.80
3.92
3.88
24.73
9.16
4.65
4.51
25.04
9.62
4.84
4.78
28.48
ii.43
5.84
5.59
24.10
9.49
4.74
4.75
28.16
11.27
5.59
5.69
28.23
11.62
5.65
5.96
31.92
13.63
6.64
6.99
25.82
10.84
5.10
5.74
28.43 ' 27. 79 »31. 45 i
12.15 ' 11.67 ' 13. 66
5.59 '5.16 '6.20
6.55 '6.51 '7.46
26. 54
10.%
4.94
6.04
57.09
61.73
66.39
13.69
15. 57
15.42
17.05
14.61
16.89
16.61
18.29
14.98
16.28 ' 16. 12 ' 17. 79
15.56
.91
.59
.44
.62
.97
.71
.47
.77
'.94
' .62
'.50
'.85
'1.00
'.61
.43
'.65
.96
.60
.29
.65
' 5. 88
'4.88
' 1.00
5. 15
4.46
.69
bil. $..
Compensation of employees, total
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
146. 12
138.2
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
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest
1,175.4 '1,227.5
DISPOSITION OF PERSONAL INCOME f
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
Less: Personal tax and nontax payments
Equals: Disposable personal income
Less* Personal outlays©
Equals: Personal saving§
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
..
Manufacturing
Durable goods industries 1[
Nondurable goods industries ^
Nonmanufacturing
Mining __
.
Railroad
Air transportation
Other transportation
Public utilities.
Electric
Gas and other
Communication
Commercial and other
Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries t
Nondurable goods industries ^
Nonmanufacturing
Mining
Railroad
Air transportation
do
do
..do
do
do...
2.42
1.80
2.46
1.46
2.74
1.96
2.41
1.66
3.18
2.54
2.00
2.12
.63
.46
.52
.32
.71
.46
.72
.43
.69
.48
.57
.44
.71
.56
.60
.47
.68
.50
.47
.34
.78
.64
.61
.49
.80
.64
.43
.58
.91
.78
.48
.71
do.
do
do...
- do
do
17.00
14.48
2.52
11.89
20.07
18.71
15.94
2.76
12.85
21.40
20.55
17.63
2.92
13.96
22.05
3.95
3.45
.50
2.87
4.94
4.59
3.91
.68
3.27
5.40
4.82
4.04
.77
3.19
5.24
5.36
4.54
.82
3.53
5.83
4.38
3.85
.52
3.19
5.05
5.30
4.56
.75
3.60
5.46
5.20
4.42
.78
3.39
5.57
5.67
4.80
.87
3.78
5.97
4.42
3.84
.58
3.11
4.88
4.94
4.15
.79
3.22
5.19
'5.07
'4.16
' .91
3.14
'5.00
do
do
do
do
96.19
35.51
17.88
17.63
97 76
36.58
18.64
17.94
100.90
38.81
19.73
19.08
103.74
40.61
20.48
20.13
107. 27
42.96
21.43
21.53
111.40
45.32
22.50
22.82
113.99
47.04
23.08
23.96
116. 22
48.08
23.28
24.80
114.57
49.05
22.86
26.20
112.46
48.78
22.59
26. 19
' 112.16
' 47. 3 i
'21.01
1 r 26. 3 -
do
60.68
61.18
62.09
63.12
64.31
66.08
66.94
68.14
65.52
63.68 i r 64. 76
2.59
2.11
2.21
1.53
2.77
1 75
2. 72
1.62
2.82
1.95
2.49
1.79
2.76
2.05
2.20
1.73
2.80
2.10
2.13
1.63
3.07
2.42
2.21
1.84
3.27
2.68
1.84
2.16
3.56
3.05
1.81
2.71
3.76
2.39
2.09
2.82
3.78 '3.82
2.70 i '2.75
1.60 i '2.1:!
2.75 ' 2. 9'J
do
do
do ...
'3 9. 21
27.90
114.80 i 118.16
49.88
48. 16
22. 34
21.82
27.53
26. 34
:
• 66. 64
68. 2S
'3.93
-2.36
'1.67
'2.91
4.00
2.49
1.36
3.04
' 19. 7 ' 21. 54 23. 62
19.52
20.28
20. 93
20.16
20.97
19,80
20.12
18.58
18.38
18.08
Public utilities
do
19.77
16.41 '16.5, • 18.02
17.76
17.03
17.47
18.10
16.00
16.72
15.40
15.55
17.12
Electnc
do
3.86
^•3.52
i '3.2.
3 11
3.17
3.25
2.68
2.87
" 52
3.08
2.58
3.00
2.98
Gas and other..
..do.
1 '} 0 ~
12. 50
14,04
13.36
14.01
13.94
13.12
13.24
12. 70
13.83
12. 34
Commun ication
do...
' 20. 34 '-34.24 2 33. 76
20.83
22.04
20.82
22.84
21.63
21. 55 i 21.36
21.35
21.69
21. 53
Commercial and other
do
© Pers onal outl ays com prise per sonal co nsumpti :>n expenditures, interest
adjiu tment.
' Revised.
P Preliminary. ! Estimates (corrected for systematic biases) for Oct.paid by eonsu mers, an d person il transfe r paymerits to fonsigners,
D ec. 1975 and Jan. -Mar. 1976 based on expected capital expenditures of business. Expected
§P ersonal s aving is excess of disposab le iueoin e over pe r so rial oiitlays.
f
expenditures for the year 1975 appear on p. 12 of the Dec. 1975 SURVEY.
- Includes comL at a for i idividua 1 durable and nor durable goods imiustries (xjmpoiu.its appear in the
Mar. June, 3 ept., and Dec. iss\les of the SURVEY
munication.
|See corresponding note on p. S--1.
9 Includes inventory valuation
SUKVEY OF CURRENT BUSINESS
December 1975
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown in
the 1973 edition of BUSINESS STATISTICS
1972
J 1973
1972
1974
Annual total
III
S-3
1973
IV
I
II
1975 v
1974
III
IJV
I
III
IV
1
37,187
25,034
38,413
26,593
37, 097
27, 188
II
|
II
III
35, 198
25, 692
37, 246
25, 716
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
U.S.
BALANCE OF INTERNATIONAL
PAYMENTSd"
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 U.S. military agency sales contracts
_ _ _mil. $
Receipts of income on U.S. investments
abroad
mil $
Other services.. _ _
.. _.
. do
102,051
71,379
144,448
98,309
18, 349
12, 496
19, 729
13,395
22, 329
15,423
24, 144
16, 958
26, 282
18, 451
29, 298
20, 547
33,337
22,464
35,510
24,218
1,163
2,342
2,944
255
295
347
455
531
1,009
663
678
766
837
954
804
1,241
10, 161
11,888
13, 998
14, 333
26, 068
17, 126
2,595
3,003
2,905
3,134
3,123
3,436
3,304
3,427
3,576
3,724
3, 995
3,747
6,129
4,081
6, 447
4,167
7,054
4,333
6,438
4,545
4,304
4,651
4,246
4,456
4,678
4,611
-78,531 -97, 875 -140,623 -19,594 -20,972 -22,690 -23,978 -24,729 -26,478 -30,345 -35,432 -37,422 -37,424 -33,919 -30, 183 -32, 699
-55,797 -70, 424 -103,586 -14,027 -14,985 -16.334 -17,189 -17,737 -19,164 -22,587 -25,677 -27,349 -27,973 -25,358 -22, 314 -24, 690
-4, 784 -4, 658 -5, 103 -1,105 -1,185 -1,174 — 1, 236 -1,072 -1, 177 -1, 166 -1,324 -1,279 -1,335 -1, 303 -1,209 -1,113
Imports of goods and serviceslf
do
Merchandise, adjusted, excl. military
do
Direct defense expenditures 11
.
do ..
Payments of income of foreign investments in the
U.S
mil $
Other services
do
Balance on goods and services, total
Merchandise, adjusted, excl. military
72,600
49, 388
-5,841 -8,819 -15,946 -1,462 -1,612 -1,799 -2,096 -2,413 -2,511 -2, 884 -4, 483 -4,700 -3, 879 -3, 128 -2, 854 -2, 900
-12,109 -13,973 -15,988 -3,000 -3, 190 -3, 383 -3, 457 -3, 507 -3,626 -3, 708 -3, 948 -4, 094 -4, 237 -4, 130 -3, 806 -3, 996
-5, 930
do
do.. . -6,409
Unilateral transactions (excl. military grants), net
mil. $.. -3, 779
-9,710
Balance on current account
do
Long-term capital, net:
-1,335
U.S. Government
do
-69
Private
do
Balance on current account and long-term capital
-11,113
mil. $..
Non-liquid short-term private capital flows, net
mil. $.. -1,542
710
Allocation of special drawing rights (SDR) do
Errors and omissions, net
do._ -1,884
4,177
955
3,825 -1,245 -1,243
-5, 277 -1,531 -1,590
-361
-911
166
-231
2,820
1,383
2,992
-123
78
-1,459
-235
-2,315
989
-1,380
3,178
1,830
5,015
3,378
4, 547
2,026
-755 -1,015
-3,841 -7, 182
-953
-888
335 -3,357 -2, 198 -2, 131 -1,116
-849
-900 -1,173 -2, 966 -1,865 -1,265 -1,088 -1, 175 -1, 183 -1,047
26 -1,787 -1,500
653
-99
1,647
3,832
2,003
3,500
-1,490
177
-442
-769
1,706 -1,297
1,411
264
1,917
1,701 '-2, 302 -3, 574 '-6,529
1,119
'-8, 463
-377
-391
-521
797
-334
57
54
-290
-977
'-10,702 -2, 966 -1,855 -1,393 -1,085
-4, 238
-150
1,826
492
2,318
-2,436
'-12,936 -420 -1,000 -1,543 -1,497
177
177
' 4, 698 -1,361
863
-833 -3,875
-13,829
Net liquidity balance
.
.
do
3,475
Liquid private capitalflows,net .
dl
Official reserve transactions balance
do.. _ -10,354
Changes in liabilities to foreign official agencies:
9,734
Liquid.
...
.
mil. $.
399
Other readily marketable
do
189
Nonliquid
do
32
Changes in U.S. official reserve assets, net.. .do
-15,786
Gross liquidity balances, excluding SDR
do
-7, 651
2,343
-5,308
'-18,940 -4, 570 -3,511 -6, 811 -1,719
2,270
'10,543
-111
2,026 -3, 818
551
'-8, 397 -4, 681 -1,485 -10,629
4,456
1,118
-475
209
-9, 602
9,250
' 8, 503 4,624
1,646
1,202
'673
34
117
78
655
-43
-167
-111
220
-1, 434
-55
'-25,207 -5, 329 -3,910 -8, 569
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown in
the 1973 edition of BUSINESS STATISTICS
| 1974
1973
1,553
714
Annual
-419
-670
1,047
59 -1,257 -3, 908 '-5, 265 '-1, 458 '-2, 305
1,929
-970
726 ' 1, 014 '1,313 ' 1, 135 ' 1, 236
2,067
Nov.
1, 580
-1,335
843
-37
-950 '-1, 193 '-6, 254 '-3, 897 '-7, 598
3,326
920
3,399 ' 1, 745 ' 2, 054 ' 4, 014 r 2, 730 -6,587 -2, 634
'552 '-4, 200
2,449
'117 '-4, 868 -3, 261 -1,714
208
4, 71 1
4, 919
-62
-994 -1,864 -1,933
3,930
751 ' 3, 886
2,751 1 1,423 i-4 828
11
-354 '-278
'185
'136
'630
259
841
321
252
i _i
-452
-2
443
-147
-1
215
167
i -1
-6
-210
-15
-358 -1,003
17
-13
137
-325
-29
-342
-835
1,306 -1,507 '-3, 813 '-7, 551 '-4, 146 '-9, 699 -1,418 -1,367
586
1975
1974
Oct.
484
-860
83
-474
-354
-563
-999 -2, 157 ' 5,570 -2, 199 -2, 431 -1,357
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov. *
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates:f
Total personal income
bil. $
1,055.0 1,150.5
1,185.0
1,203.1
1,214.3
Wage and salary disbursements, total ._ .do . _
Commodity-producing industries, total-do
Manufacturing
. . . do
Distributive industries
do
691.7
251.9
196.6
165 1
751.2
270.9
211.3
178 9
773.0
279.5
219.4
183.8
767.8
272.3
214.2
183.9
766 6
269.3
209 7
183 8
765.7
266.4
206.4
183.2
763.6
260.7
202.9
184 0
766.0
260.5
203.1
183.8
768.0
261.2
203.8
184.3
772.9
262.2
204.5
186.1
778.1
264.6
206.7
187 0
782.2
266.4
208.4
187.8
792.3
271.4
212.9
190 4
799.6
275.1
216.0
191 3
' 807. 1
' 277. 4
'218.2
' 192 7
814.3
280.1
219.7
193.9
Service industries
Government
Other labor income
Proprietors' income:
Business and professional
Farm
do
do
do
128 2
146 6
46.0
142 6
158 8
51.4
146.9
162.8
53.5
147 4
164.2
54.0
148 3
165 2
54 5
149 8
166.2
54.9
151 2
167.6
55.3
152.6
169.2
55.7
152.4
170.3
56.2
153 5
171.1
56.7
154 6
171 9
57.2
155.0
173.0
57.7
156 7
173 8
58 2
158 2
175 0
58.7
159 4
177 6
59 2
161.7
178.7
59.7
do
do
57 6
38.5
61 2
31.8
62.5
29.2
62 5
29.1
62 5
29 0
62.7
26.0
62 8
22.2
62.5
18.4
63.0
20.6
63 4
23.0
63 9
24 5
64.1
27.5
64 8
29 9
65 2
32 1
r 65 7
66 1
29.0
Rental income of persons
do .
26.7
26.5
26.1
Dividends .
do
33.5
29 6
32 7
108.0
Personal interest income..
do
103.8
90.6
Transfer payments
do. . . . 117.8
147.6
139.8
Less personal contributions for social insurance
48.9
bil. $..
47.9
42.8
Total nonagricultural income
.do.... 1, 008. 0 1,109.0 1,145.7
26.8
33 6
109.5
149.8
26.9
32 7
111. 1
156.1
27.0
33.9
111.9
158.6
27.0
33.8
112.5
165.5
27.0
33.7
113.3
168.3
27.1
33.9
114.8
168.9
27.1
34.0
116.9
169.9
27.2
34 0
119.0
190.2
27.2
34.2
119.8
176.3
27 4
34 5
121 4
178.0
28.3
28.0
27.7
34.8
34 8 '34 8
123 8 ' 125 9 1°8 9
180.0 ' 179. 4 180. 9
49.5
48.4
49.2
48.5
1,145.2 1,151.4 1,154.3 1,160.1
49.3
1,166.2
50.2
50.0
50.7
1,207.9 1, 199. 5 1,214.0
51.8
51.1 '51.4
1,226.6 '1,236.3 1,248.7
.. .
1 184.5 1 191 0 1,191.1 1 193 4 1 195.7
49.4
49.7
1,171.1 1,179,7
1 244 1 1, 238. 9 1,255.9
1 2709 '1 279.2 1, 290. 1
'30.6
FARM INCOME AND MARKETING?
Cash receipts from farming, including Government
payments, totalt ... .
mil. $
89, 482
94 051
11,876
10,128
8,100
8,958
5,958
5,855
5,628
5,734
5,929
7,939
7 405
8 817
11 639
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
86, 875
41 051
45, 824
8,080
30, 403
6 824
93, 521
52 097
41, 424
9,399
25, 257
6 285
11, 767
8,048
3,719
735
2,367
582
10, 044
6 838
3,206
719
1,916
540
7,975
4,850
3,125
745
1,785
559
8,818
5,479
3,339
755
2,025
523
5,808
2,797
3,011
719
1,789
469
5,759
2,602
3,157
811
1,822
493
5,571
2,135
3,436
807
2,130
461
5,702
2 008
3,694
845
2,300
510
5,915
2 394
3,521
790
2,174
517
7,913
4, 211
3,702
793
2,255
615
7,361
3 717
3 644
779
9 9Q4
625
8,771
4 613
4*158
798
2 669
657
'11,563
' 6 894
' 4, 669
' 854
'3,114
Indexes of cash receipts from marketings and CCC
loans, unadjusted:!
All commodities
1967 = 100. .
Crops
. .
do
Livestock and products
do
203
223
188
218
283
170
330
524
183
281
445
158
224
316
154
247
357
164
163
182
148
161
169
155
156
139
169
160
131
182
166
156
173
222
274
182
206
242
179
246
300
205
Indexes of volume of farm marketings, unadjusted \\
All commodities
1967 — 100
112
Crops. _
do
125
Livestock and products
do
104
1
Preliminary.
tSf-e corresponding note
111
122
104
116
159
137
182
217
137
102
105
119
J Series revised
324
449
230
10, 500
6 500
4,000
900
2, 500
600
296
428
196
130
90
91
93 1
91
117
128
95
110
173 • 158
159
78
220
65
232
89
77 '
68
137
119
! 47
114
114
134
104
103
99
105
107
107 I
110
99
-19.627, 1953 .V) direct defense expeuli!; r* s, -2,615; -2,f>42; -2,901, -/ "49, —3,216 --3,435;
-3,in"
9 r t , jia«s data for i t p p ^ -. "">\v i srpaiatdv.
\ • o n m a r k ' f iV«« r.s.
r:"\:' * y MMvn it's I - M I , d to foreig" > >, il IP- ? v< a^on^'s a. j < u ! u d < j < i in » > haul-1
j i a n i i u V - to i L t . ' g n nllu ial ugencie^ ,'
irg -. • i 1 n iUH* iw >
S-4
December 1975
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown in
the 1973 edition of BUSINESS STATISTICS
1973
1974
1974 *
Oct.
Annual
Nov.
1975
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Oct.
Aug.
Sept.
'115.5
' 120. 1 ' 119. 6
Nov. v
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION^
Federal Reserve Board Index of Quantity Output
Not seasonally adjusted:
Total index d*
By market groupings:
Products, total-. _ _ _ _ _ _
Final products
Consumer goods
Automotive products
Home goods and clothing
Equipment
1967=100..
125.6
124.8
128.0
121.6
113.9
110.7
111.4
110.6
110.4
110.6
114.5
109.4
do
do
do ..
... do
do
do .
123.4
121.3
131.7
136.6
129.1
106.7
123.1
121.7
128.8
110.0
124.6
111.7
127.3
126.3
134.1
128.1
126.8
115.5
121.4
120.4
125.2
106.8
118.6
113.8
114.1
113.1
116.1
74.1
106.0
100.0
111.9
112.5
116.7
79.4
102.3
106.5
112.8
112.9
117.9
80.3
106.7
106. 0
112.3
112.2
117.4
90.3
103.8
104.9
112.5
112.0
118.7
101.4
105.4
102.8
112.7
112.4
119.4
103.7
106.3
102.7
117.7
117.7
127.1
109.9
113.2
104.6
113.6 '118.6
122.6
113.3 '118.3 ' 122. 4
122.7 f 130. 9 '135.1
96.6 '112.6
89.4
103.0 ••115.8 ' 120. 1
100.2 ' 100. 6 '104.7
do
do
131.0
129.3
128.3
127.4
130. 6
129.3
124.8
121.9
117.8
113.4
109.6
108.6
112.5
109.0
112.5
107.8
114.2
106.9
113.5
107.2
117.5
109.2
114.9 '119.9 ' 123. 0
121.8
102.5 ' 110. 3 '116.0 ' 117. 2
120.2
116.0
do
- do .
do
125.1
122.0
129.7
124.4
120.7
129.7
128.2
124.0
134.2
121.6
118.3
126.4
112.4
109.5
116.5
108.6
105. 9
112.6
109.8
106.4
114.8
108.5
105.7
112.6
109.0
105.0
114.7
109.1
104.1
116.5
113.0
106.7
122.2
1C6.7 '113.4 '117.9 «• 118. 5
99.0 r 103. 8
108.9 '109.2
117.9 ' 127.0 '131.0 '131.9
116.4
108.1
128.2
do
129.0
127.3
127. 5
122.4
125.7
128.7
126.8
126.1
124.2
122 7
127.1
130.0
r 134. 4
' 133. 7 ' 127. 6
124.6
do__
125.6
124.8
124.8
121.7
117.4
113.7
111 2
110.0
109.9
110.1
111.1
112.2
r 114. 2
' 116. 1 '116.6
116.8
123.4
121.3
131.7
123.1
121.7
128.8
122.9
122.3
128.2
121.4
120.9
126.3
118.7
118.2
123.4
115.4
114.9
120.1
113.7
113.4
118.9
112.4
112.2
118.2
113.0
112.6
119.6
113.4
113.7
121.2
114.2
114.5
123.3
115.3
115 8 '116.7 '116.9
115.7 '115.9 '116.7 '116.9
125.5 r 125. 7 ' 126. 5 ' 127. 2
117.1
117.1
127.4
138.9
136.6
125.4
158.2
127.9
110.0
94.9
139.0
126.5
114.7
108.4
126.9
119.7
102.1
91.0
123.6
110.1
87.5
69.8
121.5
104.0
80.3
62.6
114.4
101.0
78.2
58.9
115.5
103.1
86.8
73.1
113.2
107.8
93.6
82.4
115.2
110.5
97 6
86.3
119.3
113.2
103.4
93.2
122.8
115.9
106.9
97.7
124.8
'117.9
'108.8
' 101. 2
' 123. 4
118.4
109.0
100.0
126.0
Home goods 9 _ .
do
Appliances, TV, home audio.-.do
Carpeting and furniture
do
140.1
144.6
149.8
138.0
132.0
153.5
133.2
120. 9
151.8
129.7
115.3
144.7
123.0
102.5
143.8
117.5
94.4
135.1
114.0
89.0
132.3
112.3
85.0
127.9
115.9
96.7
127.8
117.8
102.3
128. 6
121.0
121.9 ' 123. 8 ' 122. 9
118.8
103.5 ' 104. 8 ' 106. 5 ' 106. 6 '106.4
136.0 ' 135. d
134.9
131.1 ' 135. 5
123.8
107.1
Nondurable consumer goods
do
Clothing
do
Consumer staples
do
Consumer foods and tobacco.-.do
Nonfood staples.
_
do
129.0
116.2
132.4
122.1
143.2
129.2
109. 0
134. 5
125.4
144.0
128.9
104.5
135.4
125.2
146.1
128.8
103.1
135.6
126.2
145.3
128.5
102.0
135.4
125.3
146.1
126.3
95.0
134.5
123.3
146.4
125.6
94.5
133.6
123.2
144.5
124.2
90.9
132.7
120.7
145.3
124.0
89.2
133.3
122.7
144.3
125.3
94.4
133.4
122.4
145.3
127.2
97.7
134.9
124.2
146.4
129.0
101.6
136.3
125.5
147.7
106.7
122.6
120.1
120.4
113.0
111.7
129.4
128.7
136.0
121.7
114.0
132.0
130.9
141.2
122.5
113.2
131.0
129.3
140.1
119.4
110.7
127.1
126.7
137.4
116.5
107.8
122.3
122.9
138.4
111.8
105.3
119.3
120.4
137. 0
109. 4
103.9
117.0
118.8
137.7
106.6
103.0
115.4
116.4
132.3
105.6
1C2. 9
115.0
115. 3
131.7
105.0
102.2
113.9
114.0
127.7
104.3
102.2 ' 102. 3 ' 103. 1 ' 102. 7
113.9 '114.9
115.9 ' 115. 5
113.3 '113.4 ' 115. 1 '115.2
126. 9
128.3 ' 129. 7 ' 132. 1
105.5
105.1
105.5 '104.1
102.6
115.7
115.6
132.0
104.8
125. 5
135.0
109.7
130.3
141.1
109.6
133.2
144.1
111.2
132.9
143.1
109.8
127.6
139.3
102.9
121.6
135.2
91.8
118.0
130.4
91.5
115.1
127.8
88.8
114.2
123.2
92.2
114.7
121.5
98.6
113.9
120.7
98.0
114.6 ' 116.5 '116 6 '115.8
123.0
123.4 ' 122, 6 ' 123. 1
98.0
101.5 ' 104. 1 '100.6
115.9
123.4
100.0
80.4
82.3
84.1
83.7
83.4
83.8
82.4
82.1
82.4
82.7
82.9
131.0
133.8
128.7
128.3
129.6
127.3
125.3
123.5
126.8
123.0
121.3
124.2
120.5
118.3
122.5
117.6
115.7
119.2
115.1
112.1
118.4
112.7
109.1
115.6
113.4
110.1
116.1
112.4
107.6
116.2
129.3
130.0
127.6
119. 3
129.2
139.9
124.2
127.4
127.3
112.1
123.8
128. 5
139.8
122.6
128.1
129.3
115.2
124.0
126.8
138.1
126.4
122.1
123.5
104.1
122.2
122.1
131.1
112.7
114.8
114.2
91.7
118.3
116.2
122.9
113.0
110.5
110.3
83.7
116.9
109.2
112.9
117.8
107.4
107.0
82.1
112.0
105.7
10S.5
118.1
105.9
104.7
84.7
108.7
105.3
106.2
118.0
105.2
101.6
86.0
104.6
107.9
110.4
117.5
125. 2
122.0
128.7
127.0
121.7
136.5
130.5
124.4
120.7
127.5
124.1
119.9
131.2
131.4
124.6
121.6
127.6
126.0
123.9
132.4
129.6
120.9
117.9
124.4
121.0
117.7
129.4
128.2
116.1
112.2
116.0
108.6
107.9
108.2
124.1
111.8
108.2
112.4
107.2
110.6
100.9
118.2
109.3
104,8
107.7
102.1
105.0
97.4
113.7
107.7
103.5
105.1
98.1
103.1
89.7
112.9
114.9
128.9
135.1
121.7
109.6
124.8
132.5
116.3
105.4
119.6
126.7
111.5
102.4
115.6
123.6
1C6.6
Intermediate products
Materials
By industry groupings:
Manufacturing
Durable manufactures.
Nondurable manufactures
Mining and utilities
Seasonally adjusted:
Total index
By market groupings:
Products total
Final produ"ts
Consumer goods
do
do
_ do
Durable consumer goods
do
Automotive products.
... do. ..
Autos
do
Auto parts and ; Hied goods ..do. _.
Equipment _
do
Business equipment .
do
Industrial equipment 9
do
Building and mining equipment_do
Manufacturing equipment
do ..
Commercial transit, farm eq 9
Commercial equipment
Transit equipment
Defense and space equipment
Intermediate products
Construct'on products
Misc. intermediate products
do
"do
do ..
do
do
...do
do
Materials
.
do
Durable goods materials 9
do
Consumer durable parts
do
Equipment parts
. do
Nondurable goods materials 9
do
Textile, paper and chem. materials... do
Fuel and power, industrial
do
By industry groupings:
Manufacturing, total
Durable manufactures.
Primary and fabricated metals.
Primary metals.
Iron and steel
Nonferrous mefals
Fabricated metal products
do
do
do
do
do
do
do
82.6
116.1
105,9
96.8
123.2
' 129. 4
' 102. 0
' 136. 6
'125.8
r 148. 0
'81.4
'117.5
'106 3
97.9
' 122. 7
'129.8
101.5
' 137. 3
' 125. 7
' 149. 5
' 121. 1
' 120. 8
' 132. 8
'118.0
' 120. 9
104.2
116.8
117.3
116.5
126.1
111.4
116.4
103.1
' 130. 7
130.9
' 137. 7
'126 3
' 149. 7
137.8
126.3
149.7
'81.3
80.6
112.8
106.8
117.4
114.3 '115.4
116.7 ' 117. 0
108.0 ' 109. 3 '111.8 '111.3
119.3 ' 120. 3 ' 120. 6
121.5
117.3
112.0
104.9
100.2
87.7
102.1
109.5
113.2
118.0
106.0
99.8
90.8
97.3
112.3
117.0
119.5
106.8
100.3
92.8
96.8
114.0
118.9
121.1
'116,2
' 109. 8
'101.5
' 103. 6
' 124. 4
' 134. 6
'121.5
116.4
110.0
102.0
104.0
124.8
135.2
119.4
107.9
103.3
103.2
95.0
99.4
89.6
112.4
108.2
102.5
99.8
89.9
90.1
91.9
110.9
109. 5
110.6 ' 112.8 '114.6 '115,2
103.2 ' 103. 4
105.4
106.9 ' 107. 1
100.8
100.7
104.1 ' 105. 9 '105.4
91.8
92.8
'96.6
96.5
'96.7
88.7
87.0
90.4
'91.3
'90.5
97.0
103.8 ' 108. 1 ' 107. 3 108.4
109. 7
110.9
112.7 ' 116. 1 '115.3
115.5
107.5
105.6
96.5
91.0
101.5
112.2
119.3
104.3
101.9
110.8
116.8
104.0
101.7
109.0
113.7
103.8
102.3
108.2
112.3
103.8
102.4 ' 103. 7
108.4
110.0
112.9 ' 115. 1
103.4 ' 104. 4
' 105. 0 ' 105. 5
112.6
' 111.3
'116.5 '117.2
' 105. 5 ' 107. 3
106.1
113.8
118.0
109.0
'111.5
' 106. 1
101.7
'100.7
'118.2
' 126. 0
'118.4
'81.7
' 115. 4
'109.0
103.2
' 102. 4
' 123 4
' 133. 0
'121.8
115.9
do
do
do
do
117.3
125.8
125.0
126.8
116.3
128.1
133.8
125.2
118.4
131.1
137.4
124.0
do
do
do
do
109.1
138.1
81.2
138.3
96.9
113.2
81.1
143.9
102.1
123.0
81.9
142.0
93.7
107.1
80.9
142.3
83.6
86.4
80.9
139.5
78.9
78.2
79.5
139.1
77.1
77.6
76.6
134. 2
81.0
85.4
76.7
130.6
84.7
93.1
76.6
131.1
87.6
95.0
80.4
129.7
90.5
100.0
81.3
131.0
91.0
'94.8
'94.9
92.9
103.2
111.3 '111.0
107.2
79.3 '79.1 '79.2 '79.3
132.4 ' 132. 1 ' 134. 5 ' 133. 9
94.7
110.1
80.0
135.4
Lumber, clay, and glass
Lumber and products .
Clay, glass, and stone products
do
do
do
129.1
127.9
129.8
123.6
120.1
125.7
117.8
109.3
122.9
113.7
105.2
118.8
111.0
101.3
116.9
109.6
99.9
115.3
104.6
99.6
107.8
102.6
99.8
104.2
104.8
104.1
105.4
105.9
108.0
104.7
107.0 ' 118. 2 ' 110. 6 '112.9 '112.5
112.0 '114.5 '114.9
113.6
110.3
106.2 ' 108. 3 '111.7
111.8
105.1
113.4
Furniture and miscellaneous
Furniture and
fixtures
Miscellaneous manufactures
do
do
do
135.1
126.1
143.2
136.1
126.9
144.4
136.7
125.5
146.9
129.0
120.5
136.9
128.4
120.4
135. 7
120.0
110.6
128.9
119.6
110.6
128.0
118.7
106.7
129.7
117.6
105.6
128.5
119.7
109.6
129.0
120.1 ' 121. 1 ' 123. 1 ' 124. 1 ' 123. 9
109.1
109.4 '109.6 '110.0
107.9
137.6
131.8 ' 135. 3 ' 136. 7
131.1
122.5
do
do."""
do
do
do
129.7
115.0
127.3
113.2
83.7
129.7
108.9
122.7
105.4
77.3
128.9
105.1
119.1
102.8
70.6
125.4
101.9
112.8
100.1
74.7
121.9
96.3
102.9
98.0
69.7
117.2
88.9
95.6
94.0
66.1
115.6
89.6
93.3
92.6
66.7
113.7
87.5
96.8
86.4
63.5
114.8
90.4
100.4
88.2
68.0
116.2
93.2
103.8
90.9
70.0
118.6
94.9
106.9
91.5
71.2
120.8 '123.4 ' 125. 6 ' 126, 9
97.4 '100.2 «• 104. 0 ' 106. 7
122.4
110.7 ' 115.0 '121.2
96.1
92.9 '95.8
83.3
73.5 '71.7 '81.2
127.3
106.2
Machinery and allied goods 9
Machinery
Nonelectrical machinery..
Electrical machinery
Transportation equipment
Motor vehicles and parts
Aerospace and misc. trans, eq
Instruments.
Nondurable manufactures
Textiles, apparel, and leather
Textile mill products
Apparel products . . .
Leather products. __
Paper and printing
Paper and products
Printing and publishing
do
do
"I.II.do.III
122.2
121.0
120.8
135.4
134.0
133.9
113.2
112.3
111.9
'Revised.
r> Preliminary.
cf Monthly revisio ns for 197$! are available upon
9 Includes data for items not shown separately.
115.7
112.3
116.1
124.3
110.0
109.8
reques t.
116.2
107.3 ' 107. 4 '110.8 '112.8 '115.5
108.2
104.2
103.9
106.6
102.4
126.9
116.4 ' 121. 2
109.5
111.7
105.8
114.3
109.5
104.5
105.8
106.9
104.4 ' 107. 1 ' 107. 2 ' 107. 8
104.1
105.9
104.7
102.6
104.0
100.2
AD at a reflec t updatiiig of seas . factors for the aiitomotiv e industi y; revisi ons back to Jan.
1972 ai*e availa' Die from the Bure au of the Census, Wash., ]D.C. 202,J3.
SURVEY OF CURRENT BUSINESS
December 1975
1973
UnleM otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown in
the 1973 edition of BUSINESS STATISTICS
1975
1974
1974'
Annual
S-5
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov. v
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PROD UCTIONt— Continued
Federal Reserve Index of Quantity Output— Con.
Seasonally adjusted— Continued
By industry groupings— Continued
Manufacturing, total— Continued
Nondurable manufactures— Continued
Chemicals, petroleum, and rubber 1967=100.
Chemicals and products
do
Petroleum products
do
Rubber and plastics products
do
151.7
154.3
124.0
164.4
152.4
155.9
125.4
161.8
146.5
148.3
127.0
155.7
141.6
143.1
125.8
148.9
136.5
139.0
126.8
135.4
132.4
134.6
123.7
132.0
130.2
133.6
120.1
126.8
131.0
132.8
120.2
133.5
132.4
135.7
118.5
132.7
136.2 ' 140. 1
138.2
143.4
122.4
124.6
140.1
141.6
121.9
122.7
110.7
124.8
126.2
106.4
123.7
124.8
110.3
123.8
125. 4
103.8
123.5
125.7
96.2
121.1
122.3
104.7
121.3
122.3
108.4
120.0
121.3
102.6
122.5
122.9
115.9
122.4
123.7
103.8
123.5
125.1
102.2
do
do
_.do. .
do
do
do
do_.
do
129.0
110.3
130.8
109.5
108.3
104.4
108.9
104.4
127.3
109.3
129.2
109.1
107.3
105.1
107.7
99.8
128.5
110.5
141.4
107.5
107.8
110.3
107.4
97.5
125. 9
105.0
136.8
109. 8
101.2
67.6
106.4
97.6
125.7
104.4
134.7
106.4
101.1
85.3
103.6
95.3
127.0
107.0
133.8
109.0
103.9
111.3
102.9
95.3
127. 3
108. 6
131.1
106.1
106.8
117.5
105.0
97.7
128.8
108.9
125.4
105.1
107.7
117.4
106.1
95.9
128.0
108.5
125.8
104.7
107.4
112.2
106.6
95.0
126.5
105.9
114.8
100.4
105.8
113.6
104.5
94.3
126.8
106.3
110.6
95.3
1C7.6
120.4
105.5
95.7
152.6
161.1
124.2
149.9
159.5
117.9
151.2
161.2
152.3
162; 9
152.6
163.0
152.1
162.5
150.9
161.1
154.1
165.3
153.1
164.2
152.3
163.0
152.6 r 153. 9 r 154. 6 ' 156. 2
163.3 ••164.9 ' 165 8 167.9
do
do
do
Mining and utilities
Mining
Metal mining
Stone and earth minerals
Coal oil and gas
Coal
Oil and gas extraction
Crude oil
Utilities
Electric
Gas
127.4
163.8
do
do
do
Foods and tobacco
Foods
-.
Tobacco products
149.3
150.2
_ ..
.
«• 143. 6 ••146.5 T 147. 1
'
r
!46 3 r 149 3
150 6
r 126. 7 f 127.0 ' 126. 9
' 147. 8 151. 8
151.3
147.6
151 4
127.6
124.8 ' 125 2 r 125. 6 ' 126 0 126 1
126.3 r 126 7
126.9 r 127. 4
127 4
104.8
109 3
105 7
r
127. 5
106.4
110.3
101.4
106.7
120. 6
104.5
95.5
'127 0 ' 128. 3 r 128.5
'106.2
106. 2
r
118. 2
118.3
'99.5
99.1
r
106.0 r 106. 1
'
104 4
r
113.6
114. 6
105 7
104.8 ' 104. 8
104.2
94.9
94.7
94 7
r 105 0
r 119.2
r 98 9
156.6
128 3
106 3
105.9
118.5
103.9
155.9
BUSINESS SALES §
Mfg. and trade sales (unadj.), totald11©--
mil. $
Mfg and trade sales (seas adj ),totalcf
do
Manufacturing, total d" A -Durable goods iridustrtescTA
Nondurable goods industries.
do
do
do
Retail trade, total
Durable goods stores
Nondurable goods stores
do
do
do
Merchant wholesalers, total O
Durable goods establishments _ ._
Nondurable goods establishments
do
do
do
1,724,898 1,966,586 176, 582 168, 952 164, 866 150, 959 153, 736 161,057 163,758 167,884 170,934 163,858 170 969
1,724,898 1,966,586 170,997 167,918 162,347 161,915 163,248 159,050 162,374 163,038 165,504 169,124 172349
1,724,898 »9PO,677 87,402 85,675 79,737 79,234 79,214 77,509 80,333 79,423 80,740 82,902 85258
1
856, 758 511,614 45,857 44,275 40,799 40,247 39,992 39,124 40,851 40,183 40,458 41,227 42*492
392, 092 469, 063 41, 545 41,400 38,938 38,987 39, 222 38,385 39, 482 39,240 40,282 41,675 42766
1
1
503, 317 537, 782 45,844 44,529 45,109 46,006 46,914 45,951 46,813 48,173 48,578 49,655 49925
170, 275 167,313 13,686 13,035 13,554 14,126 14,664 13,378 14,165 14,703 14,965 15,432 15506
333 042 370, 469 32 158 31 494 31 555 31 880 32, 250 32,573 32, 648 33,470 33,613 34,223 34*419
1
364,803 i 448.127
168,074 202,341
196,729 245, 786
37, 751
17, 245
20 506
37, 714
16, 609
21 105
37,501
16,400
21 101
36,675
16,020
20655
37, 120
16, 025
21, 095
35,590
14,992
20,598
35,228
15,007
20, 221
35,442
15,024
20,418
36, 186
14,995
21,191
36,567
15,329
21,238
37 166
15 187
21*979
••176,098 182, 016
173,441 175, 265
' 86,288 87, 621
' 43,280 43,890
r 43,008 43, 731
r
49,549
r
15,440
r
50, 191
15, 758
34, 433
r
37,604
r
15,919
r
37, 453
15, 763
21, 690
34,109
21,685
BUSINESS INVENTORIES $
Mfg. and trade inventories, book value, end of year
or month (unadj.), total f©
mil. $
222,531
268,513 264,034 269,561 268,513 269,553 270,157 270,344 269,779 266,735 264,342 262,275 260949 ••262,128 267, 203
Mfg. and trade inventories, book value, end of year
or month (seas, adj ) total f©
mil $
224,401
271,050 263,791 267,075 271,050 271,148 270,252 268,449 266,970 264,335 263,749 263,345
150,404 145, 062 147, 135 150,404 151,624 151,993 151,194 150,184 148,951 148,059 147,189
97, 967 94 680 95, 787 97,967 99 124 100,082 99,879 99, 803 99,378 98,796 98,189
52, 437 50 382 51, 348 52437 52 500 51,911 51,315 50, 381 49,573 49,263 490CO
74,082 73087 73,964 74,082 73,327 72,308 71,728 71,483 70,826 70,840 71,503
34,649 33 190 34, 251 34,649 34, 267 32,956 32, 460 32,375 32,086 31, 909 32,270
39, 433 39 897 39 713 39 433 39 060 39,352 39,268 39, 108 38, 740 38, 931 39233
Manufacturing, total ..
Durable goods industries
Nondurable goods industries
do
do
do
120, 870
79, 441
41, 429
Retail trade, totalf
Durable goods stores
Nondurable goods stores
do
do
do
65,229
29, 593
35,636
Merchant wholesalers, total O
Durable goods establishments
Nondurable goods establishments
do
do
do
38, 302
21, 892
16, 410
46, 564
27, 779
18, 785
45 642
96 709
18 933
45 976
27, 293
18 683
46564
27,779
18 785
46 197
28,386
17 811
45, 951
28, 315
17,636
45,527
28,134
17,393
45, 303
28, 019
17, 284
44,558
27,652
16,906
44,850
27,605
17,245
44653
27,244
17409
264662 '265,087 266,975
146,583 146,413 146, 317
97 199 ' 96,640 96, 194
r
49*384 49,773 50, 123
72 578 ' 73,049 74, 642
33 324 33, 471 33, 813
39 254 ' 39,578 40, 829
45501 ' 45,625 46,016
27,266 ' 27,369 27, 727
r
18235 18,256 18, 289
BUSINESS INVENTORY-SALES RATIOS
ratio
1.46
1.50
1 54
1.59
1.67
1.67
1.66
1.69
1.64
1.63
1.59
1.56
1.54
1.53
1.52
Manufacturing, totald* A
Durable goods industries cf A
Materials and supplies
Work In process
Finished poods
do
do
do
do
do
1.58
1.91
.56
.87
.48
1.65
2.06
.67
.91
.48
1 66
2 05
69
89
48
1.72
2.16
.73
.93
.51
1 89
2 40
82
1 02
57
1 91
2 46
85
1. C3
59
1.92
2.50
.86
1.04
.60
1.95
2.55
.88
1.06
.62
1.87
2.44
.83
1.03
.59
1 88
2 47
82
1 05
60
1.83
2.44
.81
1.04
.60
1.78
2.38
.78
1.02
.58
1 72
2.29
74
.98
56
1.70
2.23
••.72
.95
'.56
1.67
2.19
.71
.94
.55
Nondurable goods Industries
Materials and supplies
Work in process
Finished goods
do
do
do
do
1.20
.45
.19
.55
1 19
47
.19
53
1
49
19
54
1 24
.49
.19
.56
1 35
53
.21
61
1 35
53
.20
62
1.32
.52
.20
.61
1.34
.53
.19
.62
1.28
.50
.19
.59
1 26
50
19
58
1 22
.48
.18
.56
1 18
46
.18
54
1 15
45
.18
.53
1.16
.45
.18
••.53
1.15
.45
.17
.53
do
do
do
1.46
1.98
1.19
1 54
2.22
1.23
1 59
2 43
1 24
1.66
2.63
1.26
1 64
2.56
1.25
1 59
2 43
1.23
1.54
2.25
1.22
1.56
2.43
1.21
1.53
2.29
1.20
1 47
2 18
1.16
1.46
2.13
1.16
1 44
2.09
1.15
1.45
2.15
1.14
1.47
••2.17
1.16
1.49
2.15
1.19
1.16
1.47
.90
1 13
1 45
87
1
I
91
ce
Q9
1 22
1 64
89
1 24
1 69
89
1 26
1 77
86
1 24
1.77
.84
1 28
1 88
84
1.29
1.87
.85
1 26
1 84
83
1 24
1 84
.81
1 22
1 78
82
1 22
1.80
.83
'1.21
'1.72
'.84
1.23
1.76
.84
31 623
43, 123
4 277
4 235
4 035
3 968
3 949
3 739
3 408
3 838
4 333
4 068
4 °77
4* 9frt
4 385
4 224
4,584
4 468
4,001
4 475
3,788
4 184
4,346
4,390
4,711
4,673
89 892
85 144
75 406
73 923
80 184
81 730
80273
85494
76916
Durable goods industries, total 9 d1
do
464,686 511,614 47,165 43,893 38, 158
9
o ggi
2fi fiQft
Stone clay and glass products
do
4 936
2 214
1 830
Primary metals
'.
do
72 027
92,365 8,467
8 031 6 690
Blast furnaces steel mills
do
35 260
46 116
4 209
4 398
3 531
Nonfcrrous metals.
do
26. 539
33. 248
2.' 807
2. 585
2.156
'Revised.
"Preliminary.
1 Based on data not seasonally adjusted.
'Advance
estimate; total mfrs. shipments for Oct. 1975 do not reflect revisions for selected components.
c?See corresponding note on p. S-6.
§The term "business" here includes only manufacturing and trade; business inventories as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusted data for manufacturing are shown below on
pp. S-6 and S-7; those for wholesale and retail trade on pp. S-ll and S-12.
tSee note marked "J"onp. S-12; revisions for inventory-sales ratios for retail trade, total,
durable, and nondurable for Jan. 1971-July 1974 f ppear on pp. 26 ff. of the Nov. 1975 SURVEY.
37,259
Manufacturing and trade, total d"1©
Retail trade, total t
Durable goods stores
Nondurable goods stores
_.
Merchant wholesalers total O
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 ) totaled
do
856 778
980 677
91
O AOK
0* QCK
80 103
83, 692 ' 89,968 90, 378
41,261 43,699 37, 412 40, 798 45, 185 '45,404 242,450
1 QQ7
2 355 '2 424 2,534
9 917
2 216
2 229
2 321
1 Q1O
1 QC.7
6,935 '6,466 2 6, 146
6,139
6,264
5,445
6 580
6 582
7 026
6 191
6 972
QIC
3,051
3 Oil '3,607
3 109
2 705
3 117
3 44^
3 795 3 518
3
2.089 ' 2, 173 2,160
1.824
1 Qfi2
2.Gnfi
1.Q22
1.' Qfi4
1*972
2.014
9Includes data for items not shown separately.
t See note marked "d"" on p. S-4.
A See corresponding note on p. S-4.
©Revisions for this item for Jan. 1964-Dec. 1970 (inventories) appear on pp. 44 ff. of the
Dec. 1974 SURVEY; those for Jan. 1971-July 1974 appear on pp. 28 ff. of the Nov. 1975 SURVEY.
OSee note marked "t" on p. S-ll.
40, 467
40,802
42, 015
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1973
Dec.
Nov.
Oct.
Annual
1975
1974
1974
|
December 1975
Feb.
Jan.
Mar.
Apr.
May
June
July
5,248
8,122
5,630
10,131
6,659
1,493
4,844
6,650
4,902
7,927
5,012
1,319
Aug.
Sept.
Oct.
Nov.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS—Continued
Shipments (not seas, adj.)—Continued
Durable goods industries—Continued
Fabricated metal products
Machinery, except electrical
Electrical 'machinery
Transportation equipmentd"
Motor vehicles and parts
Instruments and related products
5,195
7,227
5, 514
10,089
6,985
1,493
4,712
7,443
5,117
7,379
4,490
1,344
4,579
6,927
4,674
7,550
4,906
1,215
4,830
7,758
5,241
8,560
5,344
1, 290
4,783
7,900
5, 211
9,062
5,727
1,358
5,183
7,789
5,299
9,381
6,166
1,373
5,053
7,507
5,240
9,492
6,234
1,362
392,092
134, 947
6,201
30,531
469,063
156,744
6,926
33,097
42, 727
14, 430
637
2, 891
41,251
14,247
577
2,664
37,248
13,372
600
2,262
36, 664
12,846
568
2,060
39,636
13,629
586
2,287
39,382
13,548
591
2,543
39,715
13.535
585
2,446
39,012
13,256
605
2,528
32, 417
67,034
35, 815
20, 488
39,812
81,377
56, 852
23,416
3,582
7,201
5, 042
2,195
3,474
6,791
5,116
1,987
3,097
6,118
4,970
1,715
3,104
6,292
4,847
1,816
3,293
7,019
4,985
1,923
3,164
7,011
4,875
1,914
3,185
7,183
4,982
1,998
3,171
7,007
4,988
1,957
3,419
7,374
5,376
2,116
87,40.2
85,675
'9,234
79,214
77,509
80,333
79,423
80,740
82,902
85,258
do
do
do
do
do
45,857
2,428
9,022
4, 980
2,824
44,275
2, 242
8, 572
4,635
2,657
40,799
2,070
7,379
3,954
2,338
40,247
2,144
7,241
4,024
2,063
39,992
2,072
6,852
3, 699
2,004
39,124
2,000
6,143
3,252
1,813
40,851
2,181
5,968
3,038
1,822
40.183
2,140
5,711
2,778
1,852
40,458
2.119
5, 662
2,744
1,861
41, 227
2, 249
5,921
2,865
2,057
42,492 43,280 \r 43,908 2 42,739
2,203 '2,265 I 2,386
6,472 7,065 | r 6. 844 ~2~6~,'542~
3,166 '3,805 ! 3', 456
2,208 '2,138 ! 2,173
do
do
do
do
do
do
Fabricated metal products.
Machinery, except electrical....
Electrical machinery
Transportation equipment cf A
Motor vehicles and parts A
Instruments and related products
5,721
7,675
5,802
10,871
7,703
1, 483
do—
Shipments (seas, adj.), totalcf A.—..
By industry group:
Durable poods industries, total 9 cf A
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills
,
Nonferrous metals
61,271
86,572
66,741
109, 521
72,120
16,053
do
do___.
do
do
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
53, 707
73,380
63,497
113,317
77,278
14,334
do__.
do ..
do
do
Nondurable goods industries, total 9-Food and kindred products
Tob acco prod nets
.
Textile mill products
5,528
7,787
5,545
9,803
6,611
1,422
5,256
7.795
5,350
9, 333
6, 248
1,464
4,940
7,740
5,076
H, 124
5,316
1,357
5,062
7,385
5,114
8,045
4, 970
1,351
4,902
7, 415
5,197
8,323
5.138
1,328
4,690
7, 291
5,066
8,776
5,600
1,358
5,113
7,471
5,448
9,132
5, 952
1,402
5,033
7,326
5,414
1), 033
5, 936
1,365
4,898
7, 380
5,306
9,456
6,193
1,402
5,184
7,285
5,368
9,513
6,422
1,412
5,226
7,300
5,472
10,037
6,765
1,438
38, 938 38,987
13,494 13,690
603
615
2,241
2,342
3,215
3,287
6,775
6,866
4,835
4,915
38, 385
13,313
606
2,391
3,037
! 6,711
i 4,901
' 1,821
39.482
13.844
605
2,484
3,165
6,637
5,014
1,889
39, 240
13,435
598
2,589
3,193
6,611
5,064
1,897
40,282
13,675
582
2,751
3,270
6,944
5,272
1, 976
41,675
13,893
607
2,884
3,382
7,232
5,477
2,070
42,766 43,008 | 43,731
14,165 14,073 I 14,122
625 i ' 562 !
633 j - 2,933 '3,053 ! 3,065
3,432 '3,516 ! 3,587
7,496 '7,618 i 7,834
5,890 '5,731 i 5,863
2,063 '3,106 i 2,110
7,494
17,171
11,064
7,586
6,378
33,209
7, 623
17,193
11,175
7, 974
6,311
34,982
By market category:
Home poods and apparel
do....
Consumer staples
do ....
Equipment mid defense prod., excl. auto cf do
Automotive equipmentA
do _
Construction materials and supplies
do ...
Other materials and supplies
do...
Supplementary series:
11 oiisehold durables.
.
do.. .
Capital goods industriescf
do...
Nondefense cf..
.
do
D e f e n s e cf
, d o...
Inventories, end of year or month:
Book value (unadjusted), total.....
Durable goods industries, total
Nondurable goods industries, total
do .
do
do...
Book value (seasonally adjusted), total
By Industry Toup
Durable goods industries, total Q .
Storie, rla\ ai'd t^luss pr< dacts
Primary meta^,
Bli e t furmcos, steel mills, -Nonftrrous n etaK
-.do...
41,400
14,048
573
2,628
3, 532
7,153
5,161
2,062
77,174
!
412,158
7, 591
16,644
11,445
7,882
6, 672
37, 168
i 38, 873
J147, 601
i128,725
i 18, 876
3,345
12,950
11 287
1,663
i 80, 572 ! i 87,844
166,933 i U88,087
s
87,053
1
I i 36,451
I U31.725
| '112,913
i i 18,812
120,312 S 149,762
78,835 I 97,198
41,477 j 52,564
120 870
1 ransp"i ration °qu pi ient
1,957
6, 525
16,185
i 11,315
| 6.317
i 5,955
i 33,440
6,481
16,283
11,086
6,017
5,898
33, 469
6,546
16,400
11,363
6,140
5, 769
32,996
6, 554
16,211
11, 094
6. 581
5,545
31,524
7,075
16.717
11.349
7. 045
5,972
32,175
7,128
16, 300
11,145
7,029
6,104
31,717
7,152
16,790
11,275
7,309
5, 957
32,257
3,185
12,749
11,213
1,536
j 2.963
i 12,547
i 10,962
| 1,585
2,914
12, 434
10, 790
1. 644
2,898
12, 729
10, 976
1, 753
2,918
12. 484
10,770
i, 714
3,169
12,698
10,956
1,742
3,228
12,372
10, 704
1,668
3,202 | 3,366
12.567 | 12,315
10,901 10,748
1, 666
1,567
147,i35 150,404 151,62-*
95.7S7
3 695
11,2'K3
5, >33
4 308
97,
3,
H
5,
4,
_
9i,680
3 049
11 111
d3
d'^
do
do
do
uo .
V'q?
1C 703
12 l / >
I* '33
„ P4C
3, 6b
ll/ 7 *3
pi 5)2
H, -4
9 j (iji)
h h(tt
4.3 ^
H,
j
n
_)
t)
24 i_rf
33
5
I1
4
,1 SI6
:> » 1 S
l] 01 I
i
32 I'M i 33
."> 127
r,
i l v d i ii,
4, i '3
41 -(f
3," K
1> ^ *
H .-»,
10
o
11
14
wis
fi!S
« 3
2A
41 I ' l
3 64
_
'» < r ^
-j
^fi
h 3, t
3 bs^
do
d' 1
dn
do
do
do
3 »3
4( f ^
_"7
SM
4, 266
034 j 11,347 , 11
07 i 21,132 ' 2i
«>> ' 14,63 i i 14
Uo 20,118 [ 21
6 278 j 6
3GO
4,2u9
4
-i, i f_
4jt
Nondurable p, OQ< 1 - > d i s r i «- ? t o r a i v
Fo >d and Kindred frodi s
Tobe* eo product^
f?xti'e ii 11 i>ro i'i ts
Paf.er and a ]] <!pros' ir^s
<" i e"iic
and a u d y > F > ] u U s
T etr«,( i i > , tm(l 1 0 i .iri n e t s
luihhfr m i pi sf i pr ^ it's
P\ ^ao-e . f f } n tion
les
pr e-->
I g o1s
'JO
10
1'
>M
' 4,^
5? ^
I' 4 -,
j
:
•- ' ^ ano( I art" ii1 du
, -. i u t a K \ f - t < p t io^d Ja»a i- M * t<
34,
lt'3
"i Xf
a :»•:
-i 83*
3
-J
i )
'3
9,814
44,988
14,649
631
3,335
3,471 ' 3, 609
7,296 r 7,878
5,865 '5,742
2, 065 ' 2,153
86,288
'5,304
' 7,398
' 5,453
9,823
' 6,785
' 1,481
i
I r 7 883 I
k 17, 067 !
hi, 109 i
| r 7, 933 !
| '6.492 i
j'35,804 |
87,621
r
5.535 I
7^749 '
5,618
9,736 '• 9,079
6,444
1,489
j
8.085 !.
17;310
11,737
7.641
6,719 I
36,129 |
3,431
3,526 I '3,618
12,544 j 13 409 ''13,044
10,812 I 10,744 !I'11,178
2
1,73:
'2
1,665 |'1,866
i22 3,504
12,985
2 - - - - -11,193
2
1,792
r«,Qf3 151,1M4 150,184 ! 148,^51 14S,05J 147,189 146,583 '146,413 146,31
i
. JOG 082 99, 879 99.803 99,37b 98,796 j 98,189 97,199 •96,640 96,194
3,661 '3,613 ! 3,613
3 741 3,781
3 642
3,651
3,728
3,773
13 ol
13 381 13770 14,114 14 295 14,282 14,090 •13,789 i 13,770
6 C20 6, <^0
7,769
7,832
7, 761
7,J34! |
7,498 I 7. 541
4, 5v
4,ea 4,764 4!&07 4.7o8 j 4,774 4,683 r 4, 669 I 4,636
I
P 14,
11,88: i 11(6"8 11,407 I 11,285
2^ ifN {
U 478 2° 312 2-. 116 21,984
14--S '
13,444
14.088 13,8?7 13.580
| :> oj^
.133" i 21,336 2 1 4 - 4 21,481
I b 4~*
6,354
6,255
j i, 223 ' 4 13/ ' 4,045
3,966
3,922
i
!
i
|
' o4 6
34 3'4 33 3S | 33,0^3
h ^
6,357
6,411
-*1 Is 5 5
11323 i li, i2'»
Jib
4 -.7
*t"l\*
4 G3o
6*
4,04?
1") 523
t"
^ 6^
t2 5U
1 14*
3 oOJ
0&
A r^4
n
<*
d *
d
^ i st a~^r T \ a
re 'e t \ i i '
c
215
,bf
2)2
"o Hi*7
•i " 4 l »
\ *>
(*0
dt
do
d.,
42,894 44, 783
14,059 14,872
647
^582
2,986 r 3,209
2
* * 45*
] H**
1 A'
41 U 1
|
5,307
6,848
5,339
8,748
5, 613
1,443
144,120 ! 146,371 ! 149,762 151.943 j 152,692 151,930 151,351 150,109 148,160 i 146,494
93,968 i 95,132 \ 97.198 99, 005 ! 100,403 100,482 ! 100,729 100',276 98,910 ! 97f869
50 159 j 51,239 ! 52,564 52.938 i 52,289 51,448 | 50,622 49,833 49,250 i 48,625
79 441 1 ti7 f ur7
2.M3
3 ~>1
3 3 fi 11, Mil
4,07? , :, 47
3, 4H
4 V'J
do .
Work us process 9
.
Frtrmirv m^t^s
MLCtmie r v iiflec anr] r rr »• ee ^
Trnnspir^inon equipment
i
\
i
i
1,898
do_.
}o
By <vtn e of fabriertion
Mftten ils a i d supplier Q
I rmiar\ u etn^
3,185
6,630
5,427
1,910
7, 327
16,650
11,364
7.3i)6
6,301
36,637
l~0, 04 i 1*5,002
i
(
,
i
,
41,795 39,504
14,059
13,346
627
621
2,924 I 2,482
39.222
13,656
616
2,309
3,230
6,863
4,854
1,899
do.
do
dt ..
do .
dt
Fabricated * iet*.J product'Machinery, *x^er.t electrical
Electrical n nchinerj
Transportation eq.i'f rient
M( tm vel ioies an 1 j arts
Instruments and related product"
!
I«n ei t for O
on^'luor «• i i t) e
r vised b> the hi
,
!
j
1
I
41,545
13,924
639
2, 656
3,512
7, 286
5,105
2,121
Nondurable goods industries, total9 -...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._.
Fmi-ttied goodsQ
T rii inrv m e t n l s
5,727
' 5,677
' 7,660 7,628
' 5,807 5,874
10,251 ' 10,808
7,548
' 7,181
1,553
'1,611
mil. $..
do ...
do
do—
do
do
'.•*
6 °2
4 >
"6
>
MnV Shipments, Inventories, and
» 4.
9Includes data for items not
SURVEY OF CURRENT BUSINESS
December 1975
Unless otherwise stated In footnotes below, data
through 1972 and descriptive notes are as shown In the 1973 edition of BUSINESS STATISTICS
Annual
1975
1974
1974
1973
S-7
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
GENERAL BUSINESS INDICATORS— Continued
MANUFACTURERS' SALES, INVENTORIES.
AND ORDERS— Continued
Inventories, end of year or month— Continued
Book value (seasonally adjusted)— Continued
By market category:
Home goods and apparel
mil. $
Consumer staples
do
Equip, and defense prod., excl. auto
do
Automotive enuiDment
do
Construction materials and supplies
do
Other materials and supplies
do
Supplementary series:
Household durables
do _
Capital Roods industries
do
Nondefense
do
Defense
do
j
do
do
14,900
19,530
37, 967
8,475
13, 195
56, 337
14, 929
18, 598
36, 919
8, 247
12, 762
53, 607
14,904
18,979
37,472
8,167
12,906
54,707
14,900
19,530
37,967
8,475
13,195
56,337
14,368
19, 666
38,634
8,338
13. 019
57,409
14,085
19,657
39,093
8,178
12,990
57,990
13, 582
19, 538
39, 226
7,967
12, 996
57, 885
13, 071
19, 232
39,369
7,934
12, 915
57,663
12,805
18,969
39,200
7, 821
12,890
57,266
12, 623
18, 623
38, 959
7,964
12, 806
57,084
12,653
18,472
38,844
7,824
12, 736
56,660
12,421 ' 12,456
18,803 19,010
38,739 38,723
7,444 ' 7, 556
12,776 ' 12,721
56,400 ' 55,947
12, 531
19,361
38,500
7,510
12,565
55, 850
6,263
35, 103
29, 488
5,615
7,522
42,482
35, 939
6,543
7,514
41, 368
34, 905
6,463
7,528
42,031
35,554
6,477
7,522
42,482
35,939
6,543
7,473
43, 282
36, 779
6,503
7,318
43,816
37,102
6,714
7,070
43, 713
36, 846
6,867
6,807
43,945
36, 967
6,978
6,684
43,774
36,664
7,110
6, 511
43. 529
36, 162
7,367
6,394
43,439
35,984
7,455
6,280 ' 6, 247
43,346 ' 43,232
35,771 ' 35,545
7,575 '7,687
6,305
43, 056
35, 275
7,781
886, 029
493, 171
392, 858
999, 568
531, 462
468, 106
87, 914
45, 418
42, 496
83,368
42,402
40.966
72,894
36, 024
36,870
72, 026
35, 434
36, 592
78,444
38, 811
39,633
77, 538 79,345
3S, 107 39, 479
39, 431 39, 866
77,916
38,800
39,116
83, 735
41,746
41, 989
78,492
38,807
39,685
83,594 ' 88,967 88,753
40, 585 44,039 '43,575 141,365
43,009 ' 44,928 45,200
886,029 2 999,568
New orders, net (not seas, adj.), totalcf
Durable goods industries, totald"
13, 231
16, 024
31, 140
7,305
10, 220
42,950
85, 678
83, 805
76, 704
75,068
76, 478
74, 363
78,600
78, 753
80, 237
83,550
85,649 ' 85,453
42, 705
7,863
3,974
2,615
38, 092
6,297
2,982
2,230
36, 172
5,071
2,228
1,830
37. 36?
5,378
2,721
1,707
35, 873
4, 9«1.
2,344
1,683
38, 983
5. 395
2,707
1,734
39, 428
5,863
2,985
1,937
39, 730
5,887
3,209
1, 826
41,681
6,189
3,131
2,057
42,688 42,227 '42,393 Ul,874
6,909
6,265 ' 6, 877 i 6, 157
3,648 ' 3, 139
3,607
2,173 '2,165
2,162
86,278
By industry group:
Durable goods industries, total 9 d* A
Primary metals
Blast furnaces, steel mills.
Nonferraus metals
do
do
do
-do
493, 171
78,642
39, 913
27, 436
531,462
94, 667
46, 467
33, 855
44, 393
8,378
4,366
2, 691
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment c?1 A
Aircraft, missiles, and partsd*
do
do
do
_.do
do
57,881
80, 432
67, 473
118, 572
24, 499
65,824
94, 070
67, 646
113,431
27, 322
5,555
8,001
5,192
9,321
2, 280
5,226
7,559
4,926
9,298
2,463
4,387
7,426
4,439
8,300
2,462
4,720
6,837
4,919
7,363
1,584
4,784
6,805
4,931
8, 369
2,650
4,449
6,759
4,662
8,186
1,846
4,813
6,946
5,316
8,738
1,736
4,844
7,117
5,183
8, 769
1,974
4,700
6, 984
5,153
9,194
2,021
5, 111
7,368
5, 279
9,793
2, 222
5,179
6,929
5,809
9,758
2,016
Nondurable goods industries, total
Industries with unfilled orders®
Industries without unfilled ordersl
do
do
.do
392, 858
99, 484
293, 374
468,106
110.046
358, 060
41, 285
9,335
31,950
41,100
9, 223
31,877
38,612
8,351
30,261
38,896
8,537
30, 359
39,116
8,641
30,475
38,390
8,484
29,906
39,617
8,911
30,706
39,325
9,010
30,315
40, 507
9,346
31, 161
41,869
9,740
32,129
42,961 ' 43,226
9,806 ' 10,166
33,155 '33,060
43, 914
10, 292
33, 622
do
do
do
do
.do
do
2 80, 983
2 166, 960
-' 121,984
2 93, 479
2 76. 200
2346,423
2 87, 313
2 188,082
2 139,226
2 86, 755
2 80, 740
2 417,452
7,534
16, 641
11,425
7.367
6, 625
36, 086
7,163
16,651
11,308
6,871
6.350
35,462
6,338
16,185
10,921
6,103
5,623
31,534
6,345
16, 301
10,650
5,621
5,795
30, 356
6,501
16,389
10,504
6, 022
5, 561
31,501
6,474
16, 197
10, 228
6, 478
5,339
29, 6-17
7,148
16, 716
10,967
6. 930
5,664
31, 175
7,129
16,293
10,910
6, 988
5, 894
31,539
7,185
16, 807
10, 964
7,155
5, 803
32, 323
7,582
17.176
10,976
7, 589
6,233
33,994
7,648
17,220
11,442
7,845
6,316
35,178
8,068
17. 298
10, 889
7,526
6,488
36,009
do _ 2 36, 761 238,411
2
144,072 2 160,802
do
2123,723 2 137,933
do
2 20, 349 2 22, 869
do
3, 294
12, 784
11.383
1,401
3,057
12,974
10,623
2,351
2,810
12, 127
10, 459
1,668
2,781
11,712
10, 077
1,635
2,842
12, 117
9,970
2,147
2,830
11, 224
9,522
1,702
3,228
11,948
10,309
1,639
3,218
11,961
10, 302
1,659
3,217
12,047
10, 138
1, 909
3.440
12, 546
10, 728
1,818
3.466
12, 440
10, 392
2,048
By market category:
Home goods and apparel
Consumer staples
Equip and defense prod excl auto cf
Automotive equipinentA
Construction materials and supplies
Other materials and supplies
Supplementary series:
Household durables
Capital goods industries d"-Nondefensecf
-Defense d*
Unfilled orders, end of year or month (unadjusted),
total c?
v
mil $
Durable goods industries, total cf - -do
Nondur poods ind with unfilled orders®
do
Unfilled orders, end of year or month (seasonally
adjusted) totaled
mil $
By industry group:
Durable goods industries, total 9 d"
do. _
Primary metals ..
do
13 last furnnces steel mills
do
Nonferrou<5 metals
do
Fabricated metal products
do
Machinery, except electrical
„
do
Electricftl'machinery..
do
Transportation equipmentcf-- —
do
Aircraft, missiles, and partscf ... .
do
Nondur goods Ind. with unfilled orders®. .do
By market category:
Home goods, apparel, consumer staples.. .do
Equip, and defense rrod. . incl. auto. c?
do
Construction materials and supplies
do
Other materials and supplies.. _
do
Supplementary series:
Household durables
do
Capital goods Industr ieso" .,
do
N on defense cfdo
Defensecf...
.
do
113, 452
108, 715
4, 737
132, 345 136,636
128, 563 132, 191
4,445
3,782
114, 694
'5,196
5,331
' 7, 120
7,425
'6,144
5,387
9,982 ' 9, 159
' 1,885
1,825
' 7, 934
r 1 7 O78
r 10,961
'8,004
' 6, 309
'35,167
3,555
12, 205
10, 214
1,991
i 8, 657
r 3, 629 i 3, 612
'11,885 i 12, 582
'10,689 1 11, 053
' 1, 196 i 1, 529
134,861 132,345 130,452 128,797 126,151 123,761 121,411 119,657 121,235 121,141 '120, 143 118, 511
130,701 128, 563 126, 741 125, 089 122, 392 119, 852 117,397 115, 448 116, 845 116, 635 115, 492 '113,659 1112,577
4,390
4,506 ' 4, 651
4, 209
3,782
3,711
4,863
4,160
3,909
4,014
3,708
3,759
133, 832
109, 862
14. 844
9,884
2,787
15, 122
22,002
19. 718
30. 355
18, 397
4, i32
138,738 136,869 133,832 129,671 126,939 123,798 122,066 121, 396 120,901 121,548 121,945 '121,113 119, 773
129, 944 134, 224 132,656 129, 944 125. 873 123, 246 120, 099 118, 231 117, 476 116,753 117, 206 117,408 116,356 '114,845 1113,977
17, 202 18, 993 18,286 17, 202 15,033 13, 560 12, 379 11,807 11, 960 12, 186 12. 455 12, 892 12, 092 '12,126 111,740
7, 182
6,916
7,664 ' 6, 999
8,459
7,150
7,481
6,244
6, 451
6, 574
10, 255 11,887 11.227 10,255
2, 714
2,714
2,679 ' 2, 705
3,178
2,882
2 S 694
3,561
2,664
3,520
2, 749
3,411
2, 752
3, 411
19,710 20, 292 20,262 19,710 19,369 19,253 19, 013 18, 71.2 18.523 18, 326 1,8,253 18,206 ' 18,097 17, 892
29. 592 30. 142 29,907 29,592 29, 046 28,438 27, 905 27, 381 27 '.169 26, 776 26,855 26,485 ' 26,209 25,885
20, 575 21, 640 21,212 20,575 20, 378 20,113 19, 709 19, 577 19,346 19, 173 19,084 19,422 ' 19,112 18,881
34, 375 34, 234 34,201 34,375 33, 694 33, 742 33, 153 32, 759 32, 495 32, 236 32, 514 32, 237 32, 396 '31,820 131/396"
21, 487 20, 623 20,970 21,487 21, 052 21,446 21, 109 20, 755 20,710 20, 572 20, 799 20,661 20, 529 20, 270
4, 342
4, 537 ' 4, 757 4,940
3,693
4,148
3,798
4, 514
3,920
4,213 3, 888
3,835
3f 699
3,888
2, 053
63, 206
17, 255
41, 284
2, 125
62,711
16, 947
40, 283
2,120
62.432
16J36
40,108
2,169
61,969
16,583
40, 180
2,264
61.881
16,439
40,964
2,316 r 2, 382
62,022 ' 69,945
16,444 ' 16,262
41,163 ' 40,524
1,922
1.769
75,352 74, 930
50,822 1 50,318
24,530 1 24,612
1.636
1, 580
1,495
74.208 73. 598 72, 339
49, 60R ! 48,60<" 47, 353
24,- 003 24, 998 1 24,986
1,554
71, 592
46,709
24, 883
1, 546
71, 179
46, 304
24, 875
1, 559
70, 664
45, 546
25, 118
1, 635
70, 891
45, 523
25, 368
1,670
70, 791
45. 106
25, 685
22,109 ! 23.888
25, 555 25, 003
26, 473
24, 406
28, 440
26, 506
28,117
26, 634
28, 135
26, 843
30.4.47
28,896
26 099
28, 708
2,881
55, 295
14, 165
42 353
2.317
65, 981
17,773
47, 761
2, 667
67. 170
18, 054
50, 847
2. 502
66.590
18,105
49,672
2, 254
61, 580
40, 840
20, 740
1,769
74, 930
50.318
24, 612
2, 052
75, 128
51.413
23, 715
329,358
319, 149
25,615
25, 404
2.317
65,981
17,773
47,761
2,197
65. 153
17,670
44, 651
2, 143
64,176
17,461
43,159
1,701
70. 589
4-4, 578
26,011
2,351
60,983
16, 030
40,409
r 1, 710 i 1, 820
k 69, 429 i 69, 023
'44,090 U43.946
'25,339 125,077
BUSINESS INCORPORATIONSG
New incorporations (50 States and Dlst. Col.}:
Unadjusted
number
Seasonally adfustedt- do
INDUSTRIAL AND COMMERCIAL
FAILURES0
Failures, total
number
Commercial service
do
Construction
...
do
Manufacturing and mining
do
Retail trade
do
Wholesale trade
do
Liabilities (current), total
thoiis. $ _ _
Commercial service
.
.
do
Construction
.
.
do
Manufacturing and mining
"
do
Retail trade. ....
do
22,755
24,298
26, 677
24, 923
993
9, 345
785
9,915
1,080
963
728
128
1.182
112
92
136
1, 320
128 i
223
154
221 !
1,419
1,840
192
139
156
1, 463
105
191 | 130
1,557
126
389
4,341
323
414
4,234
207
445 j
97
940
964
74
91
91
95
2298.606 3.053,137 306, 827 '344. 659 242, 594 391.141 ! 384,762
244/958 348. 166 31, HC 36, 480 ; 21,191 20. 546 1 43,33"
309 075 5% n98 87, 36( ; 110. 070 i 28.918 33, 223 i 54,133
797. 490 833. 824 93, 160 i 00,310 99, 739 190.470 ,123.242
672. 831 1.069,656 SI, 075 122,616 1 73.721 109. S45 ; 6y 798
274, 252 274, 893 14,092 15,183 19, 025 37, 557 _ 96/254
1, 145
158
230
164
491
102
343,348
31,569
1 43,890
; 97,441
1 140, 881
i 29,567
Failure annual rate (seasonally adjusted)
2
No per 10.000 concerns
236.4
38. 4
47 0
3C 3
37,0
r
J^visPd_
rprPlininv,
i 4 d , . ^ +m <-e rt \K foi mf>, ,,^ U 1 <j n MI I , , . ( P L S
not ref|v Pt r
\ T , 1 ° "°
* *i"K-'ns fo» ^ ^ ted iiijooiiptirs
~ B i^cd 01 an i liu^t* <l dita
3
Imlu<lr-ditif<rH^<in
c^ne O e' ( ^ D < Kline iou on p ^-6
I
v Indud^ d it i for iten^ u .t slum ^ y u n t ' l v
• ® lrcl j" I*-* iL niiln*-od M t h n v d v n r t j a m iP d ilhed pioO md piu
and pub.
md , unnitt d order s foi other nondurable goods are zero.
j
3904
805
1, 202
1,045
141
164
153
115
171
178
258
2:?3
128
110
170
145
380
425 I
336
494
84
99
66
116
372. 076 357, 788 1175,917 3949 a'>8
ill 7, 559 23, 086 20. 404 77,44l'
j 58,581 199, 262 27. 248 57, 483
! 107, 746 55, 459 47, 471 38, 417
j 59,483 40, 497 50. 643 42, 232
28, 707 39, 484 30, 151 26, 455
I
27,283
29,364
853
891
133
117
177
152
140
123
365
378
80
79
222, 442 205,526
31, 684 20,803
32, 497 31, 918
57 046 49 124
70, 889 84, 673
30, 326 19, 008
42.2
41.4
36.5
341.9
43. 4
49 1
44,9
46.3
46.8
r
For these industries (food and kinrV.vd prod,, lobacco nifs., apparel and other textile
prod., petroleum and c--»al prod., eherru -avid allied prod., rubber and plastics proa. ? snies aie
wi^red er v*i To viev : orders
O Compiler] bv Dun * Bradnreet, Inc. (failures data
for 4S State? and Dis . of Col.; Hawaii included beginning July 1975).
t Revised back ,o
Mar. 1971 to reflpor new seas, factors; revisions prior to Fe 3. 1973 will be shown later.
A aee
corresponding rime on page 3-4.
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown in
the 1973 edition of BUSINESS STATISTICS
1973
1974
Annual
December 1975
1974
Oct.
Nov.
1975
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS
Prices received, all farm products
1910-14=100..
Crops 9
do
Commercial vegetables
__do. _.
Cotton
do
Feed grains and hay
_
do
Food grains
do
Fruit
do
Tobacco
.
- __do
Livestock and products 9
- do
Dairy products
do
Meat animals
do
Poultry and eggs _
_ -do
Prices paid:
All commodities and services
do
Family living items
__
-do
Production items
do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14=100
Parity ratio §
_
-- - do.
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
AllitemsU-- .
.
1967=100..
Special group indexes:
All items less shelter^
do
All items less foodlf
do
All items less medical carell .
.do
Commodities^!
..
do
Nondurables
do_ _.
Nondurables less food.
do
Durableslf
. _
do
Commodities less foodH
do . .
Services
do
Services less rent .
. ..
-do .
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 carslf
do
Public
do
Health and recreation 9 - - do
Medical care
do
Personal care
.
do
Reading and recreation
... do
Seasonally Adjusted!
All items, percent change from previous month
Commodities^.
1967=100-.
Commodities less foodlf
do .
Food
do
Food at home
do
Fuels and utilities
.
do
Fuel oil and coal._
do
Shelter
. .
do
Apparel and upkeep
do
Transportation^
do
Private^
do
New cars
do
Health and recreation
do
438
370
382
274
283
379
332
718
497
428
666
232
467
483
409
433
420
530
349
821
453
489
555
214
473
520
448
435
490
545
391
896
431
488
509
221
463
508
448
425
485
552
337
912
424
497
486
228
451
483
437
370
475
526
311
928
424
484
489
234
438
455
460
312
450
471
330
903
423
490
487
232
427
435
484
275
419
458
321
922
419
487
483
225
420
419
458
286
393
427
341
922
420
479
491
222
431
425
477
272
402
430
343
924
435
474
535
202
452
428
462
307
407
407
375
923
473
471
611
208
463
435
539
311
396
353
392
922
487
468
640
20y
476
450
516
342
397
397
392
833
498
478
652
220
476
454
440
362
423
446
858
864
495
500
631
228
492
457
460
377
409
463
383
921
522
528
661
245
490
449
438
420
394
454
352
923
525
561
656
236
470
425
456
419
362
408
339
874
50«
583
601
248
430
444
420
505
519
494
530
538
525
537
552
526
540
557
528
537
557
523
535
562
516
532
557
515
541
557
530
548
565
536
554
568
545
557
574
545
561
575
550
566
••579
558
564
••581
552
565
586
550
496
88
578
81
604
78
613
76
616
73
617
71
615
70
612
69
621
69
627
72
632
73
636
75
6.39
74
645
76
••644
76
644
73
133.1
147.7
153.0
154.3
155.4
156.1
157.2
157.8
158.6
159. 3
160.6
162.3
162.8
163.6
164.6
165.6
131.1
130.7
132.9
129.9
132.8
124.8
121.9
123.5
139.1
141.8
141.4
160.4
127.9
142.5
135.0
140.7
124.3
146.7
126.9
136.0
126.4
124.9
126.8
123.8
121.5
111.1
117.6
144.8
130.2
137. 7
125.2
125.9
145.6
143.6
147.7
145.5
151.0
140.9
130.6
136.6
152.1
156.0
161.7
163.9
151.9
165.8
150.6
154.4
130.6
163.2
150.2
214.6
145.8
140.5
136.2
137.7
136.6
117.5
122.6
148.0
140.3
150.6
137.3
133.8
151.2
149.1
152.8
150.7
155.8
146.1
136.8
142.2
157. 3
161.9
166.1
163.7
151.7
162.4
156.7
160.0
132.5
170.1
155. 2
225.5
151.5
149.0
141.1
142.9
142.3
123.7
139.4
148.8
145.2
156.3
143.0
137.8
152.5
150.4
154. 2
152.0
157.2
147.2
138.0
143.3
158.7
163.3
167.8
164.0
152. 7
16*. 3
158.3
161.3
133.1
171.7
157.1
229.2
154. 0
151.0
142.4
143.4
142.7
124.5
141.6
149.5
146.3
157.5
144.2
138.8
153. 5
151.3
155. 3
153. 0
158.3
147.7
138.8
143.9
160.1
164.8
169.7
163.5
155. 3
161.3
159.9
163.1
133.7
174.0
158.4
228.8
lbft.7
152. 3
141.9
143.5
142.5
124.9
138. 4
152.0
147.5
159. 0
145. 3
139.8
154.1
151.9
156.0
153.4
158.7
147.2
139.3
143.9
161.3
166.2
170.9
163.5
155.2
163.5
161.3
164.4
134.5
175.6
160.5
228.9
160.2
153.2
139.4
143.2
142.2
123.4
134.9
152.2
148.9
161.0
146.5
141.0
155.0
153.0
156.9
154.4
159.6
148.2
140.3
144.9
162.6
167.5
171.6
162.7
155.6
166.7
162.8
165.9
135.1
177.3
162.2
229.5
162.7
154.7
140.2
143.5
142.5
124.5
133.5
152.3
150.2
163.0
147.8
141.8
155.6
153.9
157.5
155.0
159.7
148.8
142.1
146.0
163.2
168.3
171.3
161.8
155.4
167.4
163.6
166.6
135.5
178.2
163.0
228.3
164.0
155.6
140.9
144.8
144.0
127.3
135.3
152.3
151.1
164.6
148.9
142.0
156.3
154.9
158.2
155.7
160.1
149.8
143.6
147.2
164.1
169.2
171.2
161.8
154.8
167.8
164.7
167.6
135.9
179.4
164.6
229.0
166.3
156.8
141.3
146.2
145.5
127.5
138.1
152.4
152.1
165.8
149.5
143.5
157.0
155.6
158.9
156.5
160.8
150.5
144.8
148.1
164.5
169.6
171.8
168.2
153.6
169.0
165.3
168.2
136.4
180.1
165.5
230.2
167.3
157.4
141.8
147.4
146.8
126.8
142.2
152.5
152. 6
166.8
149.9
143.8
158.4
156.6
160.3
157.9
162.4
151.2
145.8
148.9
165.7
170.9
174.4
177.2
153.3
177.4
166.4
169.4
136.9
181.4
166.9
230.6
169.4
158.1
141.4
149.8
149.3
127.0
147.5
154.1
153.2
168.1
150.3
144.1
160.3
157.6
162.0
160.1
165.0
152.2
146.9
149.9
166.6
171.9
178.6
187.7
153.4
188.8
167.1
170.2
137.3
182.3
168.0
234.1
170.4
158.3
141.1
152.6
152.3
126.6
153.2
155.0
154.0
169.8
151.2
144.4
160.8
158.3
162.4
160.4
165.2
153.0
147.5
150.7
167.4
172.7
178.1
189.7
154.3
177.9
167.7
170.7
138.0
182.8
168.9
235.7
171.2
158.8
142.3
153.6
153.4
126.8
156.1
155.0
154.6
170.9
151.4
144.7
161.6
162.6
159.5
160.4
163.2
164.1
160.8
161.7
165.4
166.4
153.8
154.6
148.2
148.9
151.4
152.2
169.1
170.1
174.6
175.7
177.8
179.0
190.3 r 192. 9
156.3
159.4
167.4
165.5
168.9
169.8
171.6
172.5
138.4
139.3
183.9
184.8
170.9
172.0
238.7 243.3
174.0
174.2
160.1
160.9
143.5
144.6
155.4
156.1
153.9
154. 8
126.5
129.9
156.6
156.5
169.5
168.8
155.4
156.3
172.2
173.5
152.1
152.9
146.6
146.0
163.4
161.5
165.2
162.2
167.1
155.1
149.2
152.6
172.0
177.7
179.8
191.4
162.8
168. 7
171.3
174.1
139.9
186.8
174.4
246.5
176.8
161.6
145.5
157.4
156.1
131.3
153.7
168.9
156.5
173.3
153.6
147.0
0.9
150.5
141.8
166.9
167.7
156.1
226.6
159. 5
139.8
142.8
142.2
123.2
145.1
0.9
152.0
142.9
168.8
169.7
157.6
228.7
160.8
140.7
143.5
142.7
123.8
146.2
0.8
153.2
143.8
170.4
171.7
158.4
229.7
162.6
140.8
143.9
143.1
124.3
147. 5
0.6
154.0
144.5
171.9
172.6
160.2
228.2
164.1
140.8
143.5
142.5
121.8
149.0
0.5
154.7
145.6
171.4
171.5
161.2
227.9
166.1
141.2
144.4
143.5
123.4
150.5
0.3
154.8
146.4
170.3
169.9
162.0
224.9
166. 9
141.3
145.4
144.7
126.9
151.4
0.6
155.7
147.5
170.9
170.5
163.8
227.2
168.1
141.3
146.5
145.8
127.5
152.3
0.4
156.3
147.8
171.8
171.6
165.0
229.7
168.9
141.2
147.0
146.2
126.8
152.6
0.8
157.6
148.5
174.4
174.9
167.2
231.5
169.7
141.3
148.8
148.3
127.3
153.0
1.2
159.9
149.9
177.4
178.3
168.5
236.5
170.4
142.4
151.5
151.1
127.1
153.8
0.2
160.2
150.7
177.4
178.3
169.6
237.1
170.7
143.7
153.0
152.8
128.1
154.4
0.5
160.5
151.2
177.6
178.0
171.6
240.1
171.3
142.9
156.0
154.7
129.5
155.2
0.7
161.5
151.7
179.9
180.6
173.0
244.5
172.0
143.3
155.9
154.6
129.4
156.1
0.7
162.2
152.1
180.9
181.5
174.9
246.0
173.6
143.8
157.6
156.1
130.5
156.3
205. 1
247.2
180.1
171.8
201.9
236.1
181.1
171.3
198.6
224.5
182.3
170.4
201.2
224.6
186.4
172.1
194.5
210.3
184.2
173.2
187.2
209.4
173.2
173 7
195.5
236.0
171.5
175.7
205.6
249.8
179.6
176.7
206.3
242.8
184.2
177.7
201.4
233.2
181.9
178.9
191.7'
210.1
179.8
178.2
189.3
179.1
159. 3
159.8
157.4
185.8
178.8
159.3
159.4
158.3
182.4
178.1
158.9
158.5
159.7
189.4
179.0
160.0
159.7
160.7
196.7
178.4
161.2
161.1
161.2
197.1
178.4
162.5
162.6
161.7
203.0
179.3
164.5
165.0
162.4
204.1
180 9
164.9
165.3
163.0
207.5
181.0
166.2
166.7
164.0
206.8
182.2
168.0
168.3
166.5
199.8
182.3
168.0
168.1
167.4
WHOLESALE PRICES^
(U.S. Department of Labor Indexet)
Not Seasonally Adjusted
Spot market prices, basic commodities:
22 Commodities
1967=100
227.8 213.1
231.5
i 173. 8 i 227. 9
264.4
9 Foodstuffs
do
282.0
»175.2 i 243. 2 276.9
183.4
13 Raw industrials
__do
196.4
1 173. 1 i 219. 0 204.4
All commodities
do
171.5
170.2
171. 9
134.7
160.1
By stage of processing:
193.9
198.2
Crude materials for further processing
do
173.9
200.3
196.1
178.4
178.6
Intermediate materials, supplies, etc. _ . do
176.8
162.9
131.6
168.0
157.7
Finished goodsO...
_
do
155. 2
147.5
127.9
158. 7
158.6
156.0
Consumerfinishedgoods
. do
149.3
129.2
155.3
154.1
151.9
141.0
Producer finished goods.
do
123.5
By durability of product:
160.8
160.7
159.8
Durable goods
do
150.1
127.9
179. 5
ISO. 4
167.6
178.1
Nondurable goods .
do
139.9
166.9
166.2
165.2
Total manufactures
do
154.1
129.2
160.3
159.6
158.6
Durable manufactures
do
148.6
127.4
173.4
172.9
159.5
171.8
Nondurable manufactures
. do
131.0
'•Revised.
i Computed by BEA.
9 Includes data for items nc t shown separate>iy.
§ Ratio of prices received, to prices paid (parity ind ex).
d For actuail wholesale price 3 Of
individual commodities see respective commodities.
OGoo is to users , incl. raw foods £ind
168.8
168.2
166.5
165.1
165.7
165.3
165. 2
164.8
163.6
164.1
162.4
185.3
186.9
186.1
184 9
183.6
179.1
180.2
175.2
177.6
177.1
179.0
174.4
174.5
173.0
171.4
172.3
169.5
170.1
168.7
168.0
168.2
167.8
168.8
168.2
166.2
165.2
165.7
164.9
165.1
164.4
163.2
163.7
162.0
180.1
181.0
179. 9
179.1
177.6
173.1
175.1
174.1
172.8
171.9
174.4
JEff ective Jume 1975 SURVEY, indexes have bee n restat ed to refl ect new seasonal factors;
If Effect ive with
revise I indexe 3 for 197()-74 app ear on p 39 of tlle Aug. 1975 SUB VEY.
the D 3cember 1974 SUR VEY, ind exes hav e been re vised ba ck to Ap ril 1974 t o reflect the correctioii in the u sed car componeiit.
SURVEY OF CURRENT BUSINESS
December 1975
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1973
1974
Annual
S-9
1974
1975
Nov.
Oct.
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
Farm prod., processed foods and feeds. 1967 = 100..
Farm products 9
do
Fruits and vegetables, fresh and dried -do
Grains
-- -do
Live poultry
do
Livestock
-do
159.1
176.3
168.1
183.6
179.5
190.4
177.4
187.7
192.3
257.9
157.4
170.6
185.1
187.5
166.2
291.2
157.0
164.9
189.0
187.8
186.9
283.5
178.8
156.4
186.5
183.7
163.7
276.0
167.3
159.5
183.8
179.7
174.9
255.4
173.6
156.0
179.5
174.6
169.0
242.8
176.7
152.0
174.9
171.1
163.8
223.5
170.1
155.4
178.8
177.7
183.4
218. 5
168.3
173.5
181.2
184.5
183.1
213.0
177.6
197.9
182.3
186.2
206.7
203.3
190.6
202.4
188.2
193.7
208.6
219.3
219.1
211.3
189.0
193.2
179.6
237.8
202.4
203.0
190.4
197.1
182.6
232.9
203.9
209.9
190.5
197.3
183.3
227.4
210 8
207.8
186.1
191.7
179.0
207.9
203 7
193 4
do
do
do
do
do
do
148.1
121.7
134.4
131.1
129.6
167.5
170.9
140.7
171.2
146.4
154.6
163.5
183.5
152. 6
176.2
146.4
170.0
163.0
189.7
154.2
179.7
146.8
171.1
166.5
188.2
158.2
1S1.9
146.7
170.1
160.6
186.4
162.6
182.3
148.3
171.2
165.6
182.6
162.2
183.6
148.5
170.9
164.6
177.3
162.2
181.9
148.6
169.5
163.7
179.4
161.7
179.1
148.9
170.8
174.4
179.0
161.0
176.2
149.6
171.0
190.7
179.7
160. 4
174.4
150.5
170.9
199.6
184.6
159.4
176.7
153.2
169.4
209.7
186.3
161.6
175.8
156.3
168.6
204.5
186.1
162.5
177.0
160.8
168.4
209.8
186.2
165 1
177 6
165 6
169 3
210 4
182.6
165.1
177.0
168 1
169 0
200 8
do
125.9
153.8
164.8
165.8
166.1
167.5
168.4
168.9
169.7
170.3
170.7
171.2
172.2
173.1
174 7
175 4
do
_ do
-- do__ .
do
do _
- do
110.0
96.6
103.4
104.3
228.3
122.2
146.8
137.7
151.7
112.7
338.2
145.7
168.5
170.4
181.9
119.1
328.3
157.6
172.9
181.1
190.1
121.0
301.3
161.8
174.0
182.2
194.8
121.8
264.3
161.8
176.0
190.1
196.8
123.8
235.3
163.7
178.1
192.9
202.1
124.1
231.6
164.0
181.8
211.6
207.5
124.5
218.2
164.7
182.4
212.5
207.4
125.9
261.5
164.7
1S2.1
212.1
208.8
125.9
250.5
166.1
181.2
211.0
207.0
126.4
246.7
165. 9
181.4
210.3
206.3
127.5
260.4
167.1
182.1
206.5
207.4
127.5
285.7
167.1
182.2
201.2
208.2
127.4
289.7
169 7
Fuels and related prod., and power 9f._.do —
Coal
do
Electric power If
-do
Gas fuels If
_ do _ .
Petroleum products, refined f
do —
134.3
218.1
129.3
126.7
128.7
208.3
332.4
163.1
162.2
223.4
228.5
394.3
178.3
167.2
244.3
227.4
398.0
179.7
175.5
238.2
229.0
428.4
180.3
177.2
238.5
232.2
428.8
183.3
181.0
242.3
232.3
409.9
186.5
188.5
240.7
233.0
388.3
191.1
188.1
242.3
236. 5
387.3
194.6
206.9
243.6
238.8
389.3
192.9
219.1
246.1
243.0
385.9
190.6
220.0
252.2
246.6
382.2
192.6
226.4
258.8
252.4
377.9
195.2
226.8
268.6
254.9
373.3
197.5
231.5
272.1
182 3
199 9
209 2
128 5
264 3
169 7
256.5
371.3
199.5
231.6
274.2
182.9
197.7
210.4
128.8
260.6
170 2
257.0
364.6
199.3
235.3
275.0
Furniture and household durables 9
Appliances household
Furniture household
Home electronic equipment
115.2
108.5
123.0
91.9
127.9
117.9
136.6
93.1
135.5
125.1
142.8
94.1
136.9
126.9
144.5
94.5
137.7
128. 7
144.6
94.7
138.8
130.1
145. 4
95.4
139.1
130.6
145.5
95.6
138.5
130.1
145. 3
95.4
138.5
130.6
145.4
91.9
138.6
131.0
145.3
91.9
139.0
132.2
145.3
93.0
139.2
132.2
145.4
93.3
139.8
132.4
145.5
94.6
140.1
133.6
146.1
92.8
141.1
134.1
147.8
92.8
141.5
135.4
148.5
92.8
143.1
- do
do_ __ 130.5
253.9
do _
160.1
- do
177.2
-do
205.2
do _
145.1
140.0
195.9
154.3
183.6
207.1
145.2
144.3
161.2
151.5
169.4
183.6
144.5
144.8
156.5
147.4
165.8
178.1
143.2
144.8
136.7
145.3
165.4
177.2
142.1
145.4
124.7
141.1
164.7
176.5
141.7
145.9
122.3
138.8
169.3
181.3
143.2
146.0
138.5
141.6
169.6
182.3
147.5
146.8
173.9
151.5
174.9
189.3
147.7
146.9
170.6
153.3
183.0
200.7
148.7
146.9
182. 5
153.2
181.0
199.7
149.3
147.3
186.8
152.6
179.6
196.8
149.3
147.5
186.6
151.5
179.7
197.8
151.3
149.5
192.3
154.1
179.9
196.6
152.4
150.1
201.0
154.9
179.1
196.0
154.4
150.2
209.1
162.4
178.3
193.1
do
do
do
do
do
121.7
125.9
130.7
112.4
125.5
139.4
143.8
152.3
125.0
146.9
150.0
155.0
167.0
132.4
159.9
152.7
159.7
169.0
135.4
161.9
154. 0
160.3
170. 0
136.5
163.0
156.6
163.6
177.3
138.1
164.9
157.7
164.4
180.4
138.7
167.1
158.8
166.0
182.0
139.1
168.8
159.7
166.7
183.8
139.5
169.6
160.4
167.5
184.0
140.1
170.2
161.0
167. 8
184.4
140.4
171.9
161.7
168.5
184.9
140.8
172.7
162.2
168.9
185.4
140.9
173.0
163.1
169.2
187.5
141.8
173.1
164.1
171.3
188.6
142.3
175.1
165.3
174.2
191.2
143.1
176.3
do
- do__ _
do
do__
132.8
120.4
136.2
135.0
171.9
135.0
178.6
187.1
186.9
145.0
199.0
190.8
186.7
147.0
199.7
187.2
184.6
148.5
196.7
181.8
185.5
148.3
199.4
178.8
186.3
149.0
200.5
176.1
186.1
149.5
200.6
173.9
185.7
149.8
201.1
172.2
185.1
150.2
200.6
171.1
184. 5
150. 5
199.4
169.1
183.4
150.2
197.3
167.7
184.3
150.3
198.4
169.3
185.5
150.3
200 4
170.8
187.2
151. 9
204.7
170.7
187.0
152.9
204.1
170.1
Nonmetallic mineral products 9
do__
Clay prod., structural, excl. refrac
do
Concrete products
do
Gypsum products
do
Pulp, paper and allied products
do._
Paper..
.
do
Rubber and plastics products
.
. do _.
Tires and tubes
_ _ __ do _
130.2
123.3
131.7
120.9
122.1
121.4
112.4
111.4
153.2
135.2
151.7
137.6
151.7
148.6
136.2
133.4
162.2
141.2
159.5
144.6
166.0
165.4
147.5
141.3
163.4
141.2
160.4
143.8
166.9
166.4
148.5
142.7
164.3
143.2
161.8
144.3
167.2
167.5
149.4
143.4
168.5
145.4
167.1
143.7
169.8
173.3
149.6
143.7
170.3
146.8
168.1
143.7
169.8
173.4
150.0
145.1
170.8
146.8
169.0
145.6
170.0
173.3
149.7
145.1
173.0
148.7
169.9
144.0
169.7
173.1
149.4
145.1
173.1
149.2
170.0
143.5
169.8
172.6
148.9
145.4
173.3
151. 0
170.3
143.4
169.8
172.5
148.6
145.4
174.7
151.3
171.2
140.8
170.0
172.4
150.1
151.8
175.8
152. 3
171.3
143.2
170.0
172.4
150.0
152.1
176.1
154.0
171.2
143.8
170.3
172.4
150.8
152.1
Textile products and apparel 9 .
Apparel
_ .
Cotton products
Synthetic products
Textile house-furnishings
Wool products.
_ .
do..
do
do
do._.
do
do
123.8
119.0
143.6
121.8
113.3
128.2
139.1
129.5
175.4
135.8
143.1
119.0
140.5
133.1
173.4
135.1
149.2
112.3
139.8
133. 6
170.8
134.2
149.0
107.3
138.4
133.7
165.7
132.3
148.4
107 3
137.5
133.8
162.0
130.7
150.1
103.8
136.5
133.6
158.0
129.3
150.9
103.8
134.3
133.3
156.0
121.7
150.9
102.0
134.4
133.0
158.1
121.7
151. 7
103.5
135.2
132.2
162.6
123.0
151.7
107.0
135. 9
136.8
132.4
167.4
127.3
151.7
107.8
137.6
132.8
128.8
151.7
108.5
138.4
133.1
171.4
129.9
152.6
108.5
177.1
155.8
172.3
145.2
170.9
173.0
151.5
152.2
141.3
133.6
182. 8
132.3
153.3
114.9
177.7
156.3
172.6
146.9
171.3
172.9
151.8
151.9
143.2
134.8
188.3
134.3
153.3
115.6
Trans portnt Ion equipment 9 ...Dec. 1968=100Motor vehicles ann equip
1967=100
115.1
119.2
125.5
129.2
134.2
138.1
135.1
138.9
137.0
140.7
137.1
140.2
138.2
141.5
139.5
143.0
139.9
143.0
139.9
142.9
140.1
143.1
140.1
143.1
140.5
143.5
141.1
143.9
146.6
150.0
147.2
150.6
2.9
1.4
-0.9
-0.2
-0.8
-0.5
1.5
0.4
-0.1
1.2
0.8
0.6
1.8
192.7
178.0
202.2
178.6
201.9
180.4
209.8
180.3
209.7
182.9
206.2
183.0
164.7
184.4
152.4
137.4
162.5
162.4
164.8
183.3
153.9
137.7
164.6
162.8
166.7
186.3
155.4
139.0
166.1
164.0
169.3
189.4
157.3
141.5
167.5
166.7
169.8
158. 1
141.9
168.7
167.7
Foods and f>eds, processed 9
Beverages and beverage materials
Cereal and bakery products
Dairy products
Fruits and vegetables processed
Meats poultry and
fish
Industrial commodities
Chemicals and allied products 9
Agric chemlcali and chem prod
Chemicals industrial
Drugs and phannaceuticals
Fats and oils inedible
Prepared uaint
Hides skins and leal her products 9
Footwear
.
Hides and skins
Leather
Lumber and wood products
__
Lumber
do
do
do
do
Machinery and equipment 9
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
Seasonally Adjusted ?
All commodities, percent change from previous
By stage of processing:
Crude materials for further processing 1967 — 100
Intermediate materials, supplies, etc
do
Finished goods:
Consumer finished goods
do
Food
do
Finished goods, e.vc. foods
do
Durable
do
Nondurable
.
do
Producer finished goods
do
0
203.1
177.5
204.5
179.3
198.3
179.5
188.9
179.8
181.3
179.3
179.9
177.9
190.7
178.8
195.3
177.3
156.9
173.3
147.1
133.5
156.0
152.1
160.2
180.5
147.6
133.9
156.8
154.4
158.9
176.6
148.6
134.9
157.8
155.5
159.
175. 5
149.
135.
158.
157.
158.6
174.1
149.7
135.8
159.0
158 J
157.7
170.6
150.0
136.9
158.9
159.7
159.7
175.1
150.3
136.9
159.3
160.7
161.3
178.2
150.8
160. 1
161.2
162.4
179 9
151. 5
137. 3
161. 0
161.7
do
do...
do _
165.9
158.9
173.0
167.0
160.4
173.8
167.7
161.3
174.1
168.
162.
174.
168.0
163.2
172.3
167.5
163.4
171.2
168.9
163.7
173.8
169.0
164.4
174.3
169. 8
164.8
174.1
170.5
164.7
176.5
171.8
165.2
178.6
172.5
166.2
179.5
175.2
168 5
182.3
175.3
169 6
181.0
Farm products
do
Processed foods and feeds
do
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices...
.
1967=$1.00.
Consumer prices.
. -do _
193.1
185. (
194.0
193.8
186.1
188.2
177.
185.5
170.2
180.5
168.1
175.7
179.3
181.9
184.5
180.3
181.7
178.1
193.7
183.9
190.7
184.5
198 9
186.3
203.2
1C7 7
198.0
186 5
$0. 588
.654
$0. 582
.648
$0. 583
.643
$0.582
.641
$0. 584
.636
$0.587
.6&
$0. 581
.631
$0.577
.62$
$0. 576
.625
$0. 569
.616
$0. 566 $0 563
.614
.611
$0. 559
.608
$0.561
.604
By durability of product:
Total manufactures
Durable manufactures
Nondurable manufactures
$0.744
.752
$0. 627
.678
d"See corresponding note on p. S-8.
9 Includes data for items not shown separately.
'[Beginning June 1974 SURVEY, data are restated to reflect changes in pricing by BLS.
Because of delay in obtaining data the prices lag the current index as follows: electric power,
one month (i.e., July index reflects June prices); gas fuels, except LPG, two months (July
index reflects May prices): refined petroleum products (gasoline, distillates, residual), one
month (July index reflects June prices). The restated indexes are comparable with those for
earlier periods.
{Beginning in the May 1975 SURVEY, data reflect new seasonal factors;
revised indexes for 1970-74 appear on p. 40 of the Aug. 1975 SURVEY.
SURVEY OF CURRENT BUSINESS
S-10
1973
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
December 1975
1974
1974
Annual
1975
Nov.
Oct.
Dec.
Jan.
Mar.
Feb.
May
Apr.
June
July
Sept.
12,197
11,919
8, 063 8, 211
' 4, 026 4, 062
3, 075 ' 3, 138
8,272
4,093
3,194
r 2, 259 r 2, 334
'684
'659
' 1,119 '1,136
Nov.
Oct.
2,244
647
1, 108
Aug.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE J
New construction (unadjusted), total
mil. $__ 135, 953
Private total 9
Residential (including farm)
New housing units
10,636
9,247
8,728
9,093
9,709
10,646
11,381
11,416 «• 12,054
8,654
3,967
3,073
8,185
3, 653
2,798
7, 536
3,263
2,456
6,443
2, 035
5.946
2,433
1,780
6,172
2,637
1,883
6,807
3. 045
2,073
7,291
3, 421
2.318
7,588
3, 722
2,656
7,821
3,900
2,914
2,788
770
1,500
2,650
773
1,390
2,511
779
1,270
2,206
634
1,128
2,110
612
1, 069
2,024
606
994
2,134
624
1,040
2,182
685
1,046
2,150
671
1, 022
2,164
668
1,034
12, 114
103, 444
57, 635
47, 853
97, 079
47, 044
37 31''
27,584
6,243
15, 453
do
do
do
Nonresidential buildings, except farm and public utilities, total 9
mil. $_.
Industrial
do
Commercial
do
Public utilities:
Telephone and telegraph
do
29, 644
7, 902
15, 945
r
r
r
r
r
4,279
403
360
348
281
283
305
326
313
305
321
32, 509
38 40'?
3, 460
3,248
3,100
2,804
2,782
2,921
2, 902
3, 355
3,793
3,595
r
3, 991 ' 3, 956
3,647
do
do
do
do
do
12, 994
941
605
1, 170
10, -M
14, 990
1,007
763
1, 185
12, 083
1,197
70
67
95
1,217
1,215
85
65
95
973
1,297
87
81
99
1,232
91
74
97
681
1,213
84.
76
98
681
1,289
97
85
108
696
1,207
72
74
102
830
1, 273
81
87
102
1,075
1,363
92
82
102
1, 199
1,297
T
1,272
1,431
'73
68
' 123
•• 1, 403
1,317
76
'6J
145
1,46,
62
129
134.5
131.9
134. 0
132.3
128. 9
125. 5
120.9
121.5
125.9
126.7
r 129. 3
'131.6
131.8
95.6
93 8
92.5
91.2
89.0
85.7
84.6
84.0
84.0
86.0
'87.8
'90.0
90.8
44.2
33.9
42 5
32.1
41.1
30. 5
39. 6
28, 8
38.5
27.4
38.0
26.9
37.9
26.8
38.8
27.6
39.8
28,9
41.0
30.6
42.1
32.1
'43.4
'33.2
45.3
34.9
30.8
8.7
16.3
30.5
8.9
16.0
30.4
9 0
15.4
30.0
8.4
15.6
29.6
8. 7
15.0
26.3
7,9
13.0
25. 9
7. 5
12.8
25.6
8.2
12. 1
24.8
25.0
25.8
7.6
12.5
' 26. 2
'7.9
12.4
24.7
7. 2
111 8
12! o
4.4
4.1
4.0
4. 5
4.2
3.7
4.0
3.6
3,4
3.8
3.3
3.6
do
38.9
38 2
41,5
41.1
39.8
39.8
36.3
37.4
41.9
40,6
r
41. 5
'41.6
do
do
do
do
do ..
Building"? (excluding military) 9
Housing nnA redevelopment
Industrial
Military facilities
Highways -and streets
3,967
do
Public total 9
14.5
.8
.8
1.1
12,4
14.7
.9
8
1.1
11.1
15 fi
16.1
1.2
.9
1.2
12.4
14 9
.9
.8
1.5
11.0
13.9
1.0
.9
15.8 !:
1.0
.9
1.1 i
12. 5 j
16.0
1.0
.9
1.3
12.5
r 16.1
15.0
l'o
1.3 !
12.0
16.5
1.2
1.0
1.3
11.4
.9
.9
1.4
13.2
1.7
13,5
New construction (seasonally adjusted at annual
rates) total
bil $
Private, total 9
.
_.do ._
Residential (including farm)
do
New housing units
..
do
Nonresidential buildings, except farm and public utilities, total 9
bil $
Industrial
do
Commercial
do
Public utilities:
Telephone °nd telegraph
do
Public, total 9
Buildings (excluding military) 9
Housing and redevelopment
Industrial..
Military facilities
Highways and streets
__
CONSTRUCTION
11,433
135, 481
1.2
12. U
o' 9
S
111
i
299
r
306
41.0
.7
1.5
: "
CONTRACTS
Construction contracts in 50 States (F. W, Dodge
D i v i s i o n , McGraw-Hill):
Valuation, total
mil. $
Index (mo. data seas, adj.)
99, 304
Pi Mlc ownership...
F i v r t 3 i \Mtprship
B > > t j p e o* t'UiUing-
94, 370
7,304
i 169
148
154
176
26, 563
72 741
mil. $
do
32.407
61.873
2, 720
4, 508
2, 391
3, 7*8
2. 4W
4, 809
2, 451
3, 13<6, 424
31,534
do
.do
( F n p h v e r i n g New > Record) O ...
45, 096
22, 074
33. 051
34. 404
26. ''14
2, 710
2, 457
2.061
-~do
Resile itt«sl
- Noti I/ i!ldnie r construction* 1 ..
2. 618
1.931
1,630
86,743
97, 102
8,918
10,336
2,057. 5
1,501.7
1,352.5
932. 2
1,337,7
888.1
97.2
62.2
1,71-"
6, 574
9, 598
9, 143
9,324
9. 044
10, 037
7, 692
7, 767
140 |
155
189
191
174
165
208
157
166
2, 254 ! 2, 031 '
2, 846 i 2, 924 i
2,1*2
4, 393
2. 768
6, 630
2,875
6, 268
3, 891 I 3, 784
5. 432 i 5,260
3,040
6. 997
2.725
' 4, 967
§; 223
2, 233 1
1.562
1 , 305 ;
2, 199 ; 2, 402
1,583 : 2,316
1, 172
1 . 856
2. 987
3 029
3, 582
2, 877 ! 3, 169 : 3. 165
3, 073
3, 116 ; 3, 093
3,193 ! 3. 040 | 2, 787
2.629
2, 666 i 2,526
3, 189
2, 784 ! 2, 966
i 2, 200 1
, ''• J
4, 587
7, 806
7, 425
6, 824
6, 298
7, 609
9
4
3
s
-fi 2
SI 1
"4 Xi j
"9
6,179
180
1
1967=100
1 000
~J3
5, 100 j
4, 955
135
6, 511 \
6, 856
7, 184
5, 456
3 .
11 ,5
1.0 1
"6 6
A 3
1
U2 ^
118.7
' 3 r -4 »
117 3 ! - 111. <
'84 j
|
!
5, 865
9, 909
HOUSING STAPTS AND PERMITS t
\f »v ho'i^ne 'intts started:
1 *}*<-d H ''\ »*« an 1 public)
••sUd-MSV" . j"'ii*~Ht«i i ''\iheo
^n t fttaul v strdcttires
-
..
thous
do
do
do
2, 045. 3
1,132.0
75.6 '
48.3
75. 1
57. y
6';*, 5
s^HSor-b.Slv adjusted at annual rates:
' ?p0-faiii"v strnohjies.. ... . . ...
. .
..do ._._
'S8
1,0 4
<M4
j "
f
117 0
73 _
-B 4
n- 1
n* i
77 8
I
-o
3-<> 3
1 .-35
4
j2
) H
i
l
5'fc
do
!
SN"
v
-i- H
°
1 130
fi <
M
Ma^n'aet'irprs' shipments of mobile homes'
Beujioanily adjusted at annual rates _
56
37
5h
3't
1,017
802
1, 106
7':) 2
Pfv *i> 1 t.OOO pprjui iSMiJig i v O e ^
Fi M't- [y .latw an1 -na- adj. at ai nut 1 rntrsTotai...
. . .thr.s
O'i6- f amily «lnictmes
do .
5^ 4
3x '
5" 1
41. '
> i '
')V 3
14 ~
2? j
^q ^
'<*> 1
!
1
' .87
l, 04 :
"ii
- * (>
-1 3
;o 4
2i'»
21.2
?' 0
2.'5
% -4
04
1
- 121 c 1
1
i
Y
3 '
21 -
i
CONSTRUCTION COST INDFXFS
l»**pt. of Commerce composite.
. .
._ .
_
V*" f " K J ioteK,*'f'ce T u Hmgs
[ oil. - rvthi and factory buildings
H. 7
1913- f'O
(i'i
American Appraisal Co., The:
A > tTAte. 30 cities _ _
At h, ta .. ...
,^ali } ran CISCO. .. __
M. i udLS . _
. ...
1
19875=100
i 51 ^
<f<>
do
.10*17 fO
.
do
173 .1
1
1 4J4
1-4 n
lit 4
1. * 2
\"\ 1
1 x 0
1, i*
l' ,
1 4r»y
U
1-4
1 M
1 "13
1 ', 9
1, ->,!
1 -> x
l]c *
1»
1 - J
1 ~h i
1. x _
L "Ml
1 "75
1 »J3
1 "
' <"3
l' " '3
1 -""
1 h! 1
W.
M
9
i
""•3
1 vh,
j
1 r
I ,i'J
HHJ
1
1 *~l
i
tl
1
*
r
, } - ^f v«, ^re
r
1
188. 3 ! ' 189. 7
]
l' "C
1.763
1 ()
1 s~2
1, s.
.
f
>i
1 "ft"
1, '' 1, ^71
1. -4 i
1, "no
^s '
i -si 3
t rr^r ,^ j o-^ ^iouli 1 -.Ye r ac1 .mil. $
-5
r ir r<
190, 0
r "
1". N
ig
r
191. 2
1". fi
4
i t j
R^vi^d.
f Preliminary.
i f'nwi+vrt f' ^ 'Mim lUn'
ftl"I '!< .T -tal
1 "Hif;* tor new ervnsrnietion hive Vt-n ^\\^ i ' 1 I- o 1 ^ rl tw for
fat - i r '1
p^m t«, bark to 1959. The revised data d > e a aiUt it- U « ui iel h reau A t e \ eroi s ^ a-*-, i r .
ton D C :OL>33
i Aug. 1973 fornonr«»sMent].ill i Id'j g a u d T .onbirld igcon luictnr «p
>-.!
1
r 4
,
r
1^ 3
1 <55
J MX
1 xl
i!:, -0
1
1 6 x
IS^ J
i i i
S
•>
j \ 1 \
i
i] -I m\ ll -t I ii T
' i
\
i J 75a'
<'
e t & ftP-
NO'lFc
>rn:ontr
08. 1
65, 8
97, 8
71.4
1. 375
1. 026
SURVEY OF CURRENT BUSINESS
December 1975
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1973
1974
1974
Annual
S-ll
Oct.
Nov.
1975
Jan.
Dec.
Feb.
Mar.
Apr.
June
July
Aug.
Sept.
Oct.
Nov.
193 4
905 3
May
195 0
209 2
196 9
211 7
197.2
211 5
200 1
213 5
i 199 7
i 213 3
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
Engineering News-Record:
Building _
__ ...
Construction
. . 1967 = 100
do
168 4
176 5
178 3
188 0
Federal Highway Adm.— Highway construction:
Composite (avg. for year or qtr.)
1967=100...
152.4
201.8
194.1
177.5
181.6
148.8
155. 9
127.2
144.9
135.7
143. 9
134.0
151.7
147 2
152.5
161.1
157. 4
166.5
152.6
r
T
193.1
194.6
235.4
181.8
171.6
215.3
189 4
161.0
271.9
170 1
130.9
183. 8
155 2
114 5
138 7
152 7
133 5
114 8
138 5
139 7
105 0
142 9
154 9
131 4
147 0
172 3
172 1
135 4
175 7
204 0
r 138 9
170 3
213 8
7 g
184 5
195 5
183 4
195 0
183 8
195 3
183 8
195 8
187 2
198 1
187 3
198 1
187 8
198 8
190 5
201 4
203.9
199 3
207 3
209 9
CONSTRUCTION MATERIALS
Output Index:
Composite, unadjusted 9Seasonally adjusted
1947-49-100
do
Iron and steel products, unadjusted.
Lumber and wood products, unadj..^
Port land cement , unadjusted
do
do...
do_
168.4
174. 2
168. 5
156. 6
r
r
175.3
159. 8
135 5
172 7
232 3
146 9
179 5
234 3
REAL ESTATE fl
Mortgage applications for new home constructionFHA net applications
thous. units
Seasonally adjusted annual rates
do
Requests for VA appraisals
.do
Seasonally adjusted annual rates
do
Home mortgages Insured or guaranteed byFed. Hous. Adm.: Face amount-.. _.
mil. $
Vet. Adm.: Face amount§__
do
Federal Home Loan Banks, outstanding advances
to member Institutions, end of period rail. $.
New mortgage loans of all savings and loan associations, estimated total
._
mil $
By purpose of loan:
Home construction
do
Home purchase .
do
All other purposes...
.
do
Foreclosures
number
Fire losses (on bldgs., contents, etc.)
.
mil $
19 R
149
7 7
7.0
5 ti
6.7
12.7
18.5
216
11. 1
J9Q
14.8
156
13.7
157
14.5
179
16.5
188
539 14
483 49
534 43
597 49
511 79
R7A. ^4.
0,40 qr>
516 06
814 58
ftfiO ^fi
18 164
17 527
17 145
16 803
16, 685
16, 945
17, 182
110
4 173
5 370
5 971
5 498
5 731
r 5 5gg
QQA
3 500
1 ^51
r OOF.
r g 351
r 1 249
276
83 2
07 i
11 1
4
161.1
16.3
185
12.0
157
5 0
79
8.4
132
51
133
111
161.9
8.9
126
10.6
144
4 473 30 3 933 70 392 74
352 57
3^4 25
557 ^4
398 53
K14.
7 4fV7
21, 804
20, 728
19, 461
91 9
2 QQ4
2 277
tt
7 QHQ fifl
71 o 49
797 3^
15, 147
21,804
21, 409
21,502
49 412
38 959
2 399
1 961
10 215
2Q 566
q 63i
7 566
23* 560
7* 833
A CC
135 803 140 469
2 639
3 190
2
72
0
7
6
64
72
11.3
128
3
70
7
0
86
84
OTQ
1 1 49
fi 0
1 (\t\c\
o 11 o
7Q1
1 fifiA
1 9fiQ
A9fi
1 Q4.fi
12 606
11 185
12 749
12 815
11 545
12 636
1 9 83*}
12 291
12 4"6
262
298
307
287
341
335
312
265
275
285
8 0
99
71
564 15
p
13,8
189
" "ooc'oT
5 gg2
1 O1^
3 419o
1 29
17 578
274
6 4
1 498
' 445
1 1 QS
079
r CT
AOA
1 98^
eco
3
J-1DQ
3
1 3^5
DOMESTIC TRADE
ADVERTISING
McCann-Erlckson national
seasonally adjusted:
Combined index <?
.
Network TV
Spot TV.
Magazines
Newspapers
advertising index
'
1967 — 100
do
do"""
do
do
Magazine advertising (general and natl. farm magaK
zines):
Cost, total
mil $
Apparel and accessories...
do
Automotive, incl. accessories
do
Building materials
do
Drugs and toiletries..
do
Foods, soft drinks, confectionery
do.
Beer, wine, liquors...
do
Household equip. , supplies, furnishings do
Industrial materials..
" d0
Soaps, cleansers, etc
do
Smoking materials
do
Allother
._
^0
130
135
139
116
131
141
150
153
121
141
147
151
165
125
140
1,316.0 1,366.3
52.9
50.3
120.4
104.5
26,7
24.7
140. 6
142, 3
96.2
92.3
141. 8
6.3
12.5
2.8
13.5
9.8
10.5
10. 1
3.0
1.6
12.5
59. 2
87.0
86.4
28.4
18.6
110. 5
548. 3
102.9
79.5
35.4
17.6
136.3
580.4
Newspaper advertising expenditures (64 cities) • 0
Total.
.
m j] $ | 3, 786. 1 3, 767. 2
Automotive.
do
104.2
99.8
ffncclflo^
*
1, 024. 2
966.7
Financial
do
138. 9
126. 0
General .
an
491.5
479. 2
•Rat all
Ketail..
....do.... 2, 044. 1 2, 078. 8
148
159
160
123
152
147
155
174
123
135
146
156
164
115
152
142
157
158
117
136
141
157
152
117
134
146
175
154
109
142
H3
165
155
109
140
148
166
163
125
135
147
161
169
121
135
157. 0
5.1
12.3
1.9
14. 5
12, 5
117. 6
3.4
6.8
1.4
12.1
8.8
82.8
2.6
:l
119.0
5.0
10.1
1.8
11.3
7. 8
119.3
6.2
8.7
2.3
12.5
7.8
121 0
3.7
9.7
2.5
12.4
7.4
105. 6
1.8
9.8
2.1
13.1
6.4
83.2
9.1
4.4
95.7
3.0
5.6
1.3
12.1
8. 4
7.2
1.4
10.8
6.7
82.6
2.9
5.3
.9
12.0
5.1
118.7
6.6
6,1
2.1
11.4
6.2
136.1
5.5
11.3
2.0
12.2
9.4
14.5
10.2
3.9
2.0
12.7
67.3
16.7
4.9
3.1
1.2
12.6
46.8
4.6
2.8
2 6
1.4
9. 7
40. 4
4,8
2.4
2,4
1.5
10. 8
43. 5
7.8
4.5
2.9
2.1
12,6
53. 1
7.6
6.2
2.9
1.5
11.9
52.7
8.4
6.8
3.5
1.2
12, 1
53. 2
9.0
4.3
2.9
1.1
12,8
42. 4
5.7
3. 1
2 3
1 2
11.5
31.1
4,2
2.7
2,6
1.2
12,3
33.3
7,3
5. 5
3.1
2 2
13.' 2
55. 1
10.4
6.3
3.1
2.4
12.1
61.2
354, 3
9. 4
84 6
9. 4
50. 7
200, 2
36 L 0
9. 0
88. 6
12 0
49,3
202. 1
294, 8
6.2
80. 5
10. 8
32.8
164. 6
3.29. 8
5,9
91.2
6,3 !
33.4
193. 1
334. 0
8.6
83,1
12, 0
45. 8
184. 8
379. 8
q Q
85. 7
13. 5
53. 1
217. 6
146
154 i
164
13 c
130
4
i
303. 5
7. 6
76.0
14.5 i
39. 6
165.7 !
335. 0
330. 8
315.9
9.9
9.3 !
4, 8
78. 2
70. 3
57. 1
13. 1
9. 4
11. 1
46. 9
46.8
36. a
187. 5
1<)4. 5 | 206. 1
352.8
302. 3
8.4 !
8.1
86.4
75, 6
8.. !
44. 0
50.3
166 2 : 197. 3
1 337.3
7,3
i
.
79.7
12. 5
i
47.6
190.2 j
10.8 ;
WHOLESALE TRADEf
1
i
Merchant wholesalers sales funadj.), total mil. $
364,803 448, 127 39, 932 37,457 ! 37,207 35,721 ! 33.831 1 35,936 36.132 36,407 36,3^8 36,916 36. 614 »• 37,855 39, 564
J Durable goods establishments
do
168." 074 202, 341 18, 288 16,112 j 15,382 15.021 ; 1.4.168 : 15,041 ' 15.828 15,731 15.733 15.721
" 16,340 16, 744
Nondurable goods establishments
~I^Ido"" 196, 729 245, 736 21, 644 21,345 i 21,825 i 20,700 i 19,663 i 20,895 I 20,304 20,676 20,655 21,195 21,299 i
22, 820
|
i
Merchant wholesalers inventories, book value
end of year or month (unadj.), total., mil $ '
38,558 46, 695 45, 598 46, 452 46,695 ! 46,582 | 46,119 ! 45,939 45.581 44,576 44.513 44,513 1 44. 678 44,764 45, 902
Durable goods establishments
""do
21,648 27, 529 26,448 1 27, 044 27,529 28,006 1 28,002 1 2S'.210 28,31* 27,958 | 27.8iJ4 27.710 1 27,3f>5 ; -27,136 ! 27,380
Nondurable goods establish* iients.,.
Ido."~ 16, 910 19, 166 19,150 , 19, 408 19,166 I 18,576 i J 8, 1.17 ! 17,729 i 17,266 16,618 ! 16,619 16,803 ! 17,313 ! * 17,628 i 18,522 i
' Revised
_ p Preliminary.
i Index as of Dec. 1, 1975: JBuilding. 200.4; cc nstructi in,
eso jrce: Me lia Reco T ds, Inc. 64-City News pa])er Ad re tisinq; T •end Chi irt.
21d.8
^Beginning Jan. 1973 data reflect new re ference b ase, 196* -100,
'.at
fSer* es revise i back tt Jan. 196-4 to re fie t kind c f busmen s class! fi ions o i" establis hments
V Inclu ies
data for items not shown separately.
§Data incln de guarai iteed (lir set loans sold.
selecte. d for a newsampl i In term 5 of the b)67 Cens us of Bu •uness; re visions t >r earlier periods
' Home mortgage rates (conventional 1st mortgages) are un<ler iRont y and in terest ra tes
appear on p.. 41 ff. of th e Decem ber 1974 ssue of t le SURVI:Y.
15,315 ;
i
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1973
December 1975
1974
| 1974
Oct.
Annual
1975
Nov. j Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
50,923
DOMESTIC TRADE—Continued
RETAIL TRADE
All retail stores:
Estimated sales (unadj.), total
_
mil. $
503,317
537, 782
46,758
46,351
52, 253
41,315
39,802
44,937
45,896
51,204
49, 052
50,026
50,663
48,275
52,074
do
do
do
do
170, 275
100,661
92, 768
7,895
167,313
93, 089
84,773
8,316
14,501
7,978
7,250
728
13,085
6,965
6,241
724
13, 353
6,239
5,508
731
12,051
6,732
6,148
584
12,279
7,258
6,693
565
13,270
7,641
6,954
687
14,588
8,422
7,663
759
15, 987
9,180
8,347
833
16, 126
9,342
8,499
843
16,374
9,611
8,783
828
15,575
8,812
8,023
789
15,453
r 8, 539
' 7, 785
16,903
' 9, 690
8,892
798
Furniture, home furn., and equip. 9 .--do
Furniture home furnish ings stores do
Household appliance, TV, radio
do
24,030
14, 290
7,904
25, 544
15,364
8,006
2,175
1,331
647
2,159
1,314
643
2,533
1,368
855
1,931
1,149
610
1,793
1,079
554
1,971
1,176
605
2,010
1,207
620
2,124
1,260
679
2,144
1,269
697
2,167
1,283
7C8
2,177
1,281
707
'2,184
'730
' 2, 309
1,360
726
Building materials and hardware
-do
Lumber bldg materials dealers cf
do
Hardware stores
- . _ _ do
22,766
18,049
4,717
23, 491
18, 328
5,163
2,161
1,699
462
1,897
1,453
444
1,760
1,241
519
1,498
1,152
346
1,439
1,092
347
1,631
1,237
394
1,879
1,418
461
2,199
1,628
571
2,212
1,668
544
2,244
1,721
523
2,189 r 2, 203
1,701 r 1,709
488
'494
2,325
1,809
516
Nondurable goods stores 9
do
Apparel and accessory stores
do
Men's and boys' wear stores
do
Women's apparel, accessory stores.. .do
Shoe stores
- _ __do
333, 042
24,062
5,609
9,119
4,229
370, 469
24, 864
5,668
9,551
3,979
32,257
2,096
461
844
325
33,266
2,191
506
853
325
38,900
3,358
832
1,285
411
29,264
1,770
428
687
272
27,523
1,606
375
626
247
31,667
2,077
454
795
349
31,308
1,949
436
749
311
35,217
2,232
516
869
354
32, 926
2,072
502
797
323
33,652
1,970
440
783
303
35,088
2,279
475
899
374
15, 474
Drug and proprietary stores
- do
Eating and drinking places ...
_ _ d o 37, 925
105, 731
Food stores ---- - do
98,392
Grocery stores
>.
do
34, 432
Gasoline service stations _ .
__do
16, 785
41, 840
119, 763
111,347
39, 910
1,399
3,685
10,304
9,562
3,546
1,378
3, 592
10,705
10,013
3,400
1,914
3,621
10, 678
9,898
3,406
1,379
3,443
10,568
9,895
3,278
1,332
3,288
9,678
9,032
3,053
1,430
3,668
10.706
9,967
3,424
1,407
3,773
10,178
9,452
3,468
1,529
4,183
11,687
10, 893
3,715
1,494
4,207
10, 789
10,009
3,750
1,473
4,228
11,433
10,647
4,067
1,515
4,373
11,754
10,971
4,100
r3,983
10,712
r 9, 962
'3,757
' 1, 512 i 1, 485
' 4, 261 14,059
11,450
11,107
10,670
10,318
'3,797 1 3, 666
83, 301
89, 286
7,711
8,751
12, 036
5,588
5,524
7,039
7,059
8,047
7,502
7,288
7,983
'7,709
r 8, 215
19,351
76, 938
52, 292
5,384
8,212
9,602
82, 535
55, 871
5,839
8,714
10, 285
7,059
4,726
609
727
867
8,089
5,427
705
817
923
11,416
7,991
602
1,285
1,207
5,108
3,418
346
524
801
5,036
3,334
385
542
745
6,489
4,367
458
706
837
6,503
4,449
458
660
806
7,488
5,170
435
798
945
6,973
4,827
407
713
909
6,759
4,611
443
665
968
7,427
5,066
496
789
953
r7,099 ' 7, 516
' 4, 904 r5,074
635
'520
746
'700
933
' 876
i 8, 686
15,992
do
45, 844
44, 529
45,109
46,006
46, 914
45, 951
46, 813
48, 173
48, 578
49,655
49,925
49,549
50,191
50,705
Durable goods stores 9 A
do
Automotive dealers A
do
Passenger car, other auto, dealers A. -do
13, 686
7,555
6,855
700
13,035
6,979
6,314
665
13,554
7,646
6,956
690
14, 126
7,747
7,022
725
14, 664
8,420
7,675
745
13, 378
7,361
6,623
738
14, 165
7,901
7,164
737
14,703
8,263
7,508
755
14,965
8,447
7,654
793
15,432
8,850
8,082
768
15,506
8,871
8,120
751
15,440
' 8, 699
r7,936
'763
15,758
r 8, 984
8,233
751
15,929
1 9, 018
'2,242
1,300
725
i 2, 259
Durable goods stores 9
Automotive dealers -Passenger car, other auto, dealers
Tire, battery, accessory dealers
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 A
r754
r 1, 247
32,822
r 2, 191
••450
••872
'382
r 1, 450
35,171
'2,302
501
937
353
15,403
8, 675
1
1
2, 297
35,520
12,486
Furniture home furn and equip 9
Furniture home furnish ings stores
Household appliance TV radio
do
do
do
2,111
1,282
638
2,067
1,240
629
2,004
1,193
617
2,040
1,237
625
2,051
1,235
633
2,046
1,199
660
2,132
1,244
686
2,139
1,216
716
2,168
1,245
723
2,171
1,280
688
2,202
1,277
711
r 2, 214
r 1, 280
Building materials and hardware 71
Lumber bldg materials dealers d
Hardware stores
do
do
do
1,957
1,517
440
1,892
1,465
427
1,843
1,412
431
1,895
1,424
471
1,892
1,415
477
1,819
1,355
464
1,883
1,415
468
2,006
1,517
489
1,999
1,515
484
1,993
1,515
478
1,977
1,505
472
' 2, 064
' 1, 574
Nondurable goods stores 9
Apparel and accessory stores
Men's and boys' wear stores
Women's apparel accessory stores
Shoe stores
do
do
do
do
do
32,158
2,087
477
817
321
31,494
1,982
450
766
307
31,555
2,032
444
800
303
31,880
2,118
473
844
323
32, 250
2,189
518
828
344
32,573
2,099
506
820
310
32,648
2,179
506
819
337
33, 470
2,216
506
854
356
33,613
2,223
517
863
346
34,223
2,236
511
876
344
34,419 r 34,109 f 34,433 i 34,776
2,336 ' 2, 251 '2,246 i 2, 343
523
502
r501
948
889
r879
353
340
'353
do
do
do
do
do
1,429
3,623
10,431
9,698
3,507
1,402
3,715
10,455
9,740
3,397
1,461
3,721
10, 330
9,610
3,399
1,436
3,784
10,672
9,945
3,465
1,449
3,828
10,643
9,925
3,465
1,488
3,821
10,805
10.058
3,497
1,455
3,898
10,598
9,846
3,532
1,499
3,935
10,875
10, 105
3,565
1,532
3,984
11,023
10, 255
3,616
1,525
3,933
11,282
10,531
3,790
1,526 '1,525
3,901 ' 3, 940
11,167 r 10,969
10,429 ' 10,217
3,832 ' 3, 803
7,533
7,409
7,371
7,261
7,533
7,599
7,638
7,981
7,994
7,068
4,825
476
746
884
7,429
5,094
482
788
919
7,421
5,081
496
774
941
Drug and proprietary stores
Eating and drinking places
Food stores
Grocery stores
Gasoline service stations
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 Inventories, end of year or month: \
Book value (unadjusted), total \
mil. $_.
Durable goods stores 9
do
Automotive dealers
do
Furniture, home furn., and equip
do
Building materials and hardware
do
Nondurable goods stores 9
do
Apparel and accessory stores
.do
Food stores
do
General merchandise group with no:istores
mil. $..
Department stores
do
Book value (seas, adj.), total \
Durable goods stores 9
Automotive dealers
Furniture, home furn., and equip
Building materials and hardware
do
do
do
do
do
Nondurable goods stores 9
do
Apparel and accessory stores
do
Food stores
do
General merchandise group with nonstores
mil $
Denftrt.mftnf: stores
Hn
6,960
4,712
513
753
891
6,865
4,627
499
732
884
6,758
4,608
415
684
886
6,704
4,497
485
720
871
7,000
4,743
489
746
882
7,058
4,852
456
739
903
r490
2,095
1,605
490
'1,526
' 4, 129
' 11,282
' 10,523
' 3, 719
11,578
i 4, 193
i 11,322
i 10,486
13,707
7,903
8,091 ' 8, 102 ' 7, 946
i 8, 216
7,321
5,017
510
728
927
7,523
5,201
509
799
929
i 7,636
i 5, 312
' 7, 344
5, 162 ' 4, 999
522
••534
760
'773
932
'936
r7,505
r
63,661
29,094
14,635
4,637
4,150
72, 056
33, 747
17, 255
5,186
4,425
74,316
32,034
15,500
5,350
4,427
76,738
33,714
16, 931
5,417
4,433
72,056
33, 747
17, 255
5,186
4,425
71, 028
33, 717
17, 226
4,964
4,477
71,346
33, 196
16, 371
4,845
4,590
72,475
33,499
16, 720
4,732
4,675
72,847
33,852
17,033
4,686
4,731
72,050
33,604
16, 814
4,658
4,769
71,669
33, 419
16, 562
4,662
4,755
71,268
32, 725
16,09 3
4,640
4,642
70, 295 r 72,327
31, 243 31,984
14,738 15, 321
4,725
4,658
4,650
4,673
75, 854
32, 629
15, 678
4,877
4,677
34, 567
5,151
6,968
38, 309
5,280
8,130
42, 282
6,009
7,803
43,024
6,054
8,159
38,309
5,280
8,130
37,311
5,098
7,797
38,150
5,326
7,840
38,976
5,512
7,900
38, 995
5,515
7,883
38,446
5,488
7,865
38, 250
5,353
7,865
38, 543
5,377
7,889
39, 052 r 40,343
5,508 ' 5, 820
8,074
7,896
43, 225
6,127
8,346
14, 434
8,422
15, 540
9,246
19, 353
11,646
19,403
11,934
15, 540
9,246
14, 997
8,788
15, 313
8,920
16, 056
9,505
16, 169
9,631
15, 870
9,540
15, 765
9,373
15, 954
9,478
16,310 r 16,978
9,772 r 10,267
18, 895
11, 574
65, 229
29, 593
14, 813
4,684
4,296
74, 082
34,649
17, 794
5,238
4,581
73,087
33, 190
16, 806
5,209
4,531
73,964
34,251
17, 720
5,204
4,570
74,082
34,649
17, 794
5,238
4,581
73,327
34, 267
17, 414
5,102
4,564
72,308
32, 956
15, 900
4,974
4,572
71,728
32, 460
15, 723
4,780
4,570
71,483
32, 375
15, 817
4,667
4,562
70,826
32, 086
15, 605
4,630
4,590
70,840
31,909
15, 294
4,657
4,635
71,503
32,270
15, 540
4,677
4,624
72,578 ' 73,049
33,324 33, 471
16, 729 16, 671
4,701
4,686
4,745
4,706
74, 642
33, 813
17,004
4,749
4,787
35,636
5,382
6,865
39, 433
5,517
8,010
39, 897
5,564
7,658
39, 713
5,494
7,815
39,433
5,517
8,010
39, 060
5,523
7,916
39, 352
5,554
7,984
39, 268
5,540
7,916
39, 108
5,537
7,883
38,740
5,583
7,881
38,931
5,547
7,873
39, 233
5,538
7,977
39, 254 ' 39,578
5,432 r 5, 517
8,024
8,189
40, 829
5,668
8,190
15, 439
16, 621
Q RfiR
17,763
in fin?
17,367
in 4Qfi
16, 621
16,211
Q. M4
16, 133
Q.476
16, 294
9.617
16, 251
Q fiSft
15, 997
16, 055
9 SQ7
16, 156
9. 96fi
16, 289 ' 16,392
9.841 r 9. 958
17,345
10. 541
S Q88
Q 868
' Revised.
i Advance estimate.
9 Includes data not shown separately.
cf Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical stores.
§ Except department stores mail order.
i Series revised beginning Jan. 1971 to reflect
'735
Q SQS
benchmark data from the 1972, 1973, and 1974 Annual Retail Trade Reports and new seas,
factors; revisions for Jan. 1971-July 1974 appear on pp. 26 ff. of the Nov. 1975 SURVEY.
A Re visions for Jan.-July 1974 appear on pp. 26ff. of the Nov. 1975 SURVEY.
SURVEY OF CURRENT BUSINESS
December 1975
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1973 P
1975
1974
1974 P
Annual
S-13
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Sept.
Apr.
May
June
July
Aug.
13, 917
15,860
14, 687
14,729
15,710 ' 14,744
Oct.
Nov.
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Firms with 11 or more stores:
Estimated sales (unadj.), total 9. __
Apparel and accessory stores 9
W^ omen's apparel accessory stores
Shoe stores
Drug and proprietarv stores
mil. $
Estimated sales (seas. adj.). total 9
Apparel and accessory stores 9
Women's apparel accessory stores
Shoe stores
Drug and proprietary stores
169, 434
19 080
12,693
12,047
14,342
468
188
115
570
••580
'223
••165
••571
585
229
150
595
563
209
143
529
887
339
197
810
415
155
117
489
380
143
107
484
563
209
162
548
502
185
138
531
65,569
70 597
6, 132
6 956
9 633
4 308
4,298
5,559
5, 574
6,372
5,948
5,745
6,349
' 6, 119
6,510
62, 471
46, 380
6,627
67, 289
49 802
6,988
5,789
4, 215
587
6,627
4 831
666
9,362
7 086
1 025
4,098
3 051
406
4,055
2,976
427
5,278
3,900
564
5,305
3,983
532
6,094
4,607
646
5,688
4,321
576
5,505
4,140
528
6,092 '5,827
4,543 ' 4, 373
••566
636
6,161
4,519
601
55,165
2 210
62, 614
2 168
5,351
187
5 760
179
5 587
183
5 646
151
5,116
145
5,702
175
5,268
198
6,079
210
5,457
215
5,812
195
6,023 ••5,454
195
••180
5,929
201
do
14,579
14305
14 166
14,390
14, 661
14,882
14, 624
15,149
15, 325
15,388
15,625 r 15,530
15,306
do
do
do
do
531
201
145
547
493
182
129
538
536
200
143
548
548
217
149
535
567
210
154
561
540
203
141
586
545
203
152
558
574
216
153
574
575
214
152
607
555
224
137
594
614
244
159
607
"580
••226
••145
'608
563
220
148
602
5 999
5 909
5 712
5 722
5,941
6,038
6,012
6 325
6,352
6,225
6,474
'6,452
6,302
5,670
4,221
597
5,768
4,333
595
5,730
4,297
598
6,055
4,539
640
6,075
4,534
625
5,952
4,476
580
6,208 ' 6, 165
4,636 ' 4, 603
'625
652
6,025
4,465
610
5,889
178
5,775
184
'5,784
'189
5,717
184
do
do
573
221
150
590
534
201
140
592
5 721
4 202
608
5 440
4 096
533
5 4S3
177
do
do
5 638
4 161
589
5,459
4 030
581
5 449
169
5 440
167
5,574
190
5,555
197
5,668
189
5,510
186
5,577
194
5,708
197
Total (seasonally adjusted)
Durable goods stores
Nondurable goods stores
.
27, 031
8,513
18, 518
28, 916
8,578
20 338
27 406
8,917
18 489
27267
8,616
18 951
28916
8,578
20338
27, 666
8,331
19, 335
26,932
8,163
18, 769
26,694
8,114
18,580
26,961
8,306
18,655
27, 663
8, 652
19,011
27, 341
8,781
18,560
26, 988 r 27,089
8,795 ••8,830
18, 193 r 18,259
27, 361
8,944
18, 417
do
do
Charge accounts
Installment accounts
15,803
606
239
166
604
545
207
142
532
All retail stores, accts. receivable, end of yr. or mo.:
Total (unadjusted)
mil $
Durable goods stores
do
Nondurable goods stores
do
Charge accounts
Installment accounts
15745
6 428
2 390
1 737
6 451
General merchandise
group with nonstores 9
mil $
General merchandise group without nonstores 5
mil. $
Dept stores excl mail order sales
do
Variety stores
do
Grocery stores
Tire battery accessory dealers
14,597
6,569
2 393
1 908
5,857
do
do
do
do
General merchandise group with nonstore}^
mil $
General merchandise group without nonstores 5 — mil. $
Dept. stores, excl. mail order sales
do
Variety stores
do
Grocery stores
Tire, battery accessory dealers
154, 546
10,445
16, 586
10 806
18 110
11 029
16 377
10 760
16807
10806
18 110
10,326
17, 340
10, 120
16, 812
10,214
16,480
10,550
16,411
11, 221
16, 442
11 049
16, 292
10, 813 ' 10,709
16, 175 ' 16,380
10, 917
16, 444
do
do
do
25, 368
8,344
17, 024
27 035
8 434
18, 601
27 45S
8 641
18, 817
97 340
8 542
18 798
27035
8 434
18,601
27, 208
8,574
18, 634
27, 246
8,518
18, 728
27,129
8,418
18,711
27,303
8,515
18,788
27,606
8,610
18, 996
27, 402
8,593
18,809
27, 609 ' 27,525
8,719 r 8, 632
18, 890 r 18,893
27, 599
8,692
18,907
do
do
9,991
15 377
10 374
16 661
10 840
16 618
10506
16 744
10374
16 661
10, 590
16 61S
10, 562
16, 684
10,510
16619
10,659
16644
10, 902
16 704
10, 786
16 616
10, 938 ' 10,794 10,889
16 671 ' 16,731 16, 710
LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total, incl. armed forces overseas J
mil
1
211 89
212 37
212 52
212 65
212 80
212 91
213 02
213 14
213 26
213 47
213. 63
213. 81
213. 98
214. 14 214.28
93, 240
91 Oil
85 936
3 492
82 443
6 076
94, 105
91 891
86 847
3 536
83 312
5 044
93, 822
91 609
85 924
3 294
82 700
5 685
93, 538
91 397
85 220
2 959
82 261
6 106
93,342
91 149
82, 969
2 888
80,082
8 180
93, 111
90 913
82 604
2 890
79 714
8 309
93, 593
91 395
83 036
2 988
80 048
8 359
93,564 93, 949
91 369 91 768
83, 549 84 146
3 171 3 622
80, 377 80* 524
7 820 7 623
96, 191
94 013
85 444
3 339
81 575
8 569
97,046
94 859
86, 650
4 090
82, 560
8 209
96,493
94, 308
86, 612
3,886
82, 726
7,696
94, 965
92, 795
85, 274
3,626
81, 647
7,522
95, 431
93,267
86,023
3,524
82, 499
7,244
94,943
92,787
85,556
3,156
82,400
7,231
91,844
86, 304
3 440
82 864
i 210.41
91 708
85 689
3 375
82 314
91 803
85 202
3 339
81 863
92, 091
84, 562
3,383
81 179
91, 511
84, 027
3 326
80 701
91,829
83, 849
3 265
80 584
92, 262
84,086
3,238
80, 848
92, 940
84,402
3,512
80, 890
92, 340
84,444
3,304
81, 140
92, 916
85, 078
3,450
81, 628
93, 146
85, 352
3,468
81,884
93, 191
85, 418
3,546
81, 872
93,443
85, 441
3,422
82, 019
92,979
85, 278
3,292
81,986
LABOR FORCE cf
Not Seasonally Adjusted
Labor force, persons 16 years of age and over__thous_.
Civilian labor force
do
Employed, total
do
Agriculture
do
Nonagricultural industries. ..
do
Unemployed.
do
Seasonally Adjusted cf
Civilian labor force. ...
do
Employed, total
.
do
Agriculture
do
Nonagricultural industries
do
Unemployed
do
Long-term, 15 weeks and over
do
Rates (unemployed in each group as percent
of total in the group):
All civilian workers ._.
Men , 20 years and over
Women, 20 years and over
Both sexes, 16-19 years
White.
Negro and other races..
Married men, wife present
Occupation: White-collar workers
Blue-collar workers
Industry of last job (nonagricultural):
Private wage and salary workers
Construction
Manufacturing
Durable goods
91,040
88 714
84 409
3 452
80 957
4 304
812
937
5 540
1 016
6 019
1 117
6 601
1 319
7 529
1,537
7 484
1 822
7 980
1 991
8,176
2,403
8,538
2,643
7,896
2,887
7,838
2,998
7,794
2,842
7,773
2,856
8,002
2,578
7,701
2,824
4.9
3.2
4.8
14.5
5.6
3.8
5.5
16.0
6.0
4.3
5.6
17.1
66
4.6
66
17.4
7 2
5.3
72
18.1
8.2
6.0
8.1
20.8
82
6.2
8.1
19.9
8.7
6.8
8.5
20.6
8.9
7.0
8.6
20.4
9.2
7.3
8.6
21.8
8.6
7.0
8.1
19.2
8.4
7.0
7.9
19.1
8.4
6.6
7.7
21.1
8.3
7.0
7.5
19.3
8.6
7.1
7.8
19.9
8.3
6.9
7.8
18.6
4.3
8.9
2.3
5.0
9.9
2.7
55
10 9
3.0
59
11 6
33
6 4
12 5
38
7.5
13.4
4.5
7 4
13.5
4.7
8.0
14.2
5.2
8.1
14.6
5.6
8.5
14.7
5.8
7.9
13.7
5.7
7.9
13.0
5.4
7.6
14.0
5.0
7.6
14.3
5.3
7.9
14.2
5.2
7.6
13.8
4.9
2.9
5.3
3.3
6.7
3.3
7 4
3.8
83
4.1
9 3
4.6
11.0
4.5
10.9
4.6
12.5
4.7
13.0
5.4
13.0
4.8
12.6
4.8
12.1
4.6
11.5
4.7
11.5
4.8
11.2
4.7
11.0
4.8
8.8
4.3
3.9
5.7
10.6
5.7
5.4
6.2
12 0
6 4
6.1
6.8
13 5
74
7.0
7.7
14 9
8 9
8.7
'Revised.
* Preliminary.
1 As of July 1.
9 Includes data not shown separately.
§ Except department stores mail order.
t Revisions back to 1970 appear in P-25, No. 545, "Population Estimates and Projections"
(May 1075), Bureau of the Census.
8.9
9.1
9.1
9.1
9.6
9.2
9.8
10.1
9.3
8.7
8.8
17.3
17.9
19.2
19.9
21.0
19.3
21.8
20.8
18.1
15.0
15.9
9.9
10.2
10.6
10.5
12.2
12.3
12.0
11.1
11.4
11 0
10 5
10.2
10.5
11.3
11.3
12.8
11.5
12.9
12.7
10.5
11.3
10.9
d" Beginning in the Feb. 1975 SURVEY, data reflect new seasonal factors; comparable
onthly data back to 1963 appear in EMPLOYMENT AND EARNINGS (Feb. 197o), USDL,
moi
BLS.
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown in
the 1973 edition of BUSINESS STATISTICS
1973
1975
1974
| 1974
Oct.
Annual
December 1975
1
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct."
Nov.*
77,614
63,054
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT t
Employees on payrolls of nonagricultural estab.:
Total, not adjusted for seasonal variation. ..thous..
Private sector (excl. government)
do
76, 896
63, 157
78,413
64, 235
79, 465
65,020
79, 151
64, 549
78, 462
63, 824
76, 207
61, 669
75, 772
60, 943
75, 778
60, 884
76, 177
61, 269
76, 689
61, 750
77, 183
62, 387
76, 439
62, 220
76,900
62,788
78,147
63.124
78, 314
63,162
Total employees, nonagricultural payrolls t- -do
Private sector (excl. government).
do.. .
Nonmanufacturing industries.
do
Goods-producing
_
. do
Mining
do
Contract construction
do
76, 896
63, 157
43, 089
24, 727
644
4,015
78, 413
64, 235
44, 189
24, 697
694
3,957
78, 790
64, 437
44, 465
24, 572
728
3,872
78,374
63, 975
44, 337
24, 186
722
3,826
77, 723
63, 302
44, 112
23, 646
686
3,770
77, 319
62, 852
44, 054
23, 270
723
3,749
76, 804
62, 210
43, 835
22, 691
724
3,592
76, 468
61, 850
43, 624
22, 422
729
3,467
76, 462
61, 770
43, 615
22, 328
732
3,441
76, 510
61, 784
43, 622
22,339
738
3,439
76, 343
61, 652
43, 552
22, 233
741
3,392
76, 679
61, 863
43, 779
22, 222
743
3,395
77,023 77,310 77,508
62,168 62,465 62,582
43,914 44,048 44,087
22,418 22,601 22.673
749
'752
'774
3,415 ' 3, 432 ' 3. 404
77, 549
62,609
44, 112
22, 669
763
3,409
Manufacturing
do
Durable goods
do
Ordnance and accessories
do
Lumber and wood products
do
Furniture and
fixtures.
do
Stone, clay, and glass products
do
Primary metal industries
do
Fabricated metal products
do
Machinery, except electrical
do
Electrical equipment and supplies.. do
Transportation equipment
. do
Instruments and related products. -do
Miscellaneous manufacturing
do
20, 068
11, 839
183
643
536
691
1,324
1,500
2,092
2,020
1,904
497
451
20, 046
11, 895
177
626
517
690
1,344
1,505
2,218
2,030
1,821
520
448
19, 972
11, 870
178
600
507
678
1, 353
1,492
2,257
2,009
1,836
521
439
19, 638
11, 656
111
579
486
667
1,339
1,467
2,244
1, 951
1,802
515
429
19, 190
11, 357
176
569
474
655
1,308
1,425
2,214
1,888
1,722
511
415
18, 798
11,099
177
551
454
635
1,284
1,374
2,183
1,850
1,674
506
411
18, 375
10, 813
177
537
441
620
1,248
1,357
2,153
1,785
1, 594
497
404
18, 226
10, 728
177
539
434
610
1,218
1,336
2,128
1,773
1,624
490
399
18, 155
10, 637
176
536
436
608
1,189
1,332
2,098
1,746
1,631
488
397
18, 162
10, 595
177
546
439
609
1,168
1,324
2,064
1,735
1,653
481
399
18,100
10, 527
173
552
437
605
1,149
1,317
2,035
1,723
1,657
481
398
18, 084
10, 465
172
557
441
604
1,134
1,298
2,017
1,712
1,645
482
403
18,254 18,417
10,563 10, 650
167
165
563
568
452
'464
610
'615
1,148
1,169
1,331
1,340
2,013 ' 2, 035
1,747 ' 1, 755
1,645
1,643
481
'486
406
'410
* 18,495
' 10,665
164
'572
'466
'615
' 1, 149
' 1, 313
' 2. 042
'1,768
'1,649
'489
'408
18,497
10, 672
165
568
468
617
1,153
1.336
2.032
1,771
1,667
489
406
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
8,229
1,719
79
1,026
1,406
701
1,104
1,033
193
677
291
8 102
1,704
79
964
1,327
694
1,114
1,067
199
683
271
7 982
1,693
77
939
1,298
685
1,107
1,059
200
654
270
7 833
1,684
78
908
1,246
674
1,104
1, 045
198
632
264
7 699
1,668
80
870
1,218
663
1,101
1,034
194
614
257
7 562
1, 662
79
849
1,188
647
1,094
1,024
191
579
249
7 498
1, 659
77
845
1,180
636
1,089
1,009
194
564
245
7 518
1,664
75
865
1,191
629
1,084
1,003
193
568
246
7,567
1,670
75
885
1,205
631
1,079
1,004
195
574
249
7,573
1,671
75
891
1,215
627
1,073
l.OCO
197
572
252
7 619
1 668
79
897
1,245
633
1,068
999
199
575
256
7,691
1,688
78
918
1,245
639
1,072
1,008
199
588
256
' 7, 767
' 1, 693
'80
938
' 1, 261
'648
' 1, 075
'1,011
200
'599
'262
- 7, 830
' 1, 697
79
954
'1,284
'651
1,072
'1.017
'201
'608
'267
7, 825
1,690
81
952
1,284
653
1,071
1.017
203
605
269
53 715
4,696
17,017
4 223
12 794
4 208
13 617
14 177
2 724
54 188
4,683
17, 058
4 237
12 821
4 226
13 822
14 399
2 742
11 657
54 077
4,659
16,935
4 224
12 711
4 229
13 833
14 421
2 738
11 683
54 049
1,603
16, 903
4 °05
12 698
4 219
13* 857
14 467
2 734
11 733
54 113
4,565
16, 879
4 189
12 690
4 210
13 865
14 594
2 733
11 861
54 046
4,506
16, 851
4 178
12 673
4 207
13 864
14 618
2 733
11* 885
54 134
4,508
16, 847
4 176
12 671
4 209
IS* 878
14 69^
2 731
11 961
54 171
4,491
16, 857
4 175
12 682
4 208
13 889
14 726
2 732
11 994
54 110
4,469
16, 877
4 153
12 724
4 902
13 871
14 691
2 738
11 953
54 457
4,464
16, 984
4 161
^eq
54 218
4,686
17, 154
4 246
12 908
4 228
13 797
14 353
2 745
11 608
1 9 071
54 605
4.466
17, 016
4 159
12 857
4,218
14 050
14 855
2*756
12 099
52, 334
H 7fio
53, 029
H fiiq
53, 713
14 709
53, 249
14 363
52, 574
13 825
50,509
13 237
49, 804
1° 859
49, 765
12 757
50, 138
12 731
50,601
12 807
51, 207
12 981
51, 129
12 744
'
51,685 ' 51,956 T 52,023
13 180 13,428 13,427
52, 036
13, 38(
52 334
18 562
53 029
18 374
527
3 234
53 153 52 687 52 038 51 624 51 005 50 663
18 227 17 869 17 373 17 034 16 487 16 230
552
553
549
550
513
552
2 762
3 160
2 886
3 113 3 058
3 045
14. «i q 14 515 14 207 13 802 13 437 13 051 12 915
7 K61
8 398 8 133 7 898 7 §34
8 641 8 599
85
84
84
85
85
85
84
508
445
448
486
459
476
533
354
413
364
396
347
384
423
540
479
487
531
552
519
501
950
1,081
979
1,074
1,069
1,017
1,038
993
1 150 1 135 1 112 1 075 1 027 1 Oil
1 422 1 400
1 495 1 518 1 500 1 475 1 450
1,351
1,143
1,156
1,299
1,213
1,372
1,245
1 285 1 304 1 271 1 206 1 162 1 087 1 122
292
322
300
322
317
312
308
342
308
303
333
313
350
318
50 585
16 161
553
2 745
12 863
7 483
84
444
349
478
923
992
1 372
1,123
1 126
291
301
50 629 50 536 50 825
16 194 16 122 16 115
560
561
564
2 711
2 712
2 747
12 887 12 849 12 840
7 454
7 404
7 348
82
84
81
454
459
463
354
351
355
479
477
477
905
889
878
985
979
960
1 339 1 317 1 300
1,106
1,113
1,097
1 151 1 155 1 143
287
286
287
303
303
307
' 51,507
' 16,543
'585
'2.716
' 13,242
' 7, 556
75
479
'380
'487
'894
1.004
' 1, 321
'1.154
' 1. 155
'294
'313
51. 503
16, 53C
57t
2,718
13, 23C
7,552
75
5 354
1,119
64
727
1,008
474
644
563
122
426
207
5 380
1,125
62
745
1,020
471
639
558
121
430
209
5,561 ' 5, 630 ' 5, 686
1,147 ' 1, 150 ' 1, 156
65
66
65
'833
'819
800
' 1, 105
1,086
1,071
'490
487
479
'629
632
632
'578
'573
566
129
'128
128
'471
'463
453
'230
226
220
5,68C
1, 14£
6£
832
1,10C
492
62*
57P
13(
46*
Seasonally Adjusted!
Service-producing.. .
. .
Trans., comm., electric, gas, etc
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government
Federal
State and local
do
do
do
do
do
do
do
do
do
do
Production or nonsupervisory workers on private
nonagric. payrolls, not seas, adjusted
thous.Manufacturing
do
co -ten
4,644
16, 674
4 107
4 091
-to nn-i
2
ftAq
8 151
1 713
80
988
1,348
702
1,112
1 C57
199
676
278
n
1 9 R9^
4 203
13 990
14. 81fi
2 745
' 54,709 '54,835
' 4. 467 ' 4. 473
' 17.045 ' 17,037
' 4, 181 4,182
' 12,864 ' 12,855
' 4, 239 ' 4, 248
' 14,113 ' 14.151
r
' 14,845 14.926
2, 765 ' 2. 767
' 12,080 ' 12,159
54, 880
4.478
17.025
4,181
12. 84^
4, 254
14, 18J
14.94(
2,769
12, 171
Seasonally Adjusted!
Production or nonsupervisory workers on private
nonagricultural payrolls t
thous
Goods-producing
.
do
Mining
do
Contract construction
_
do
Manufacturing
do
Durable goods
do
Ordnance and accessories
do
Lumber and wood products
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Primary metal industries
.do
Fabricated metal products
do
Machinery, except electrical
do
Electrical equipment and supplies. __do
Transportation equipment . . .
do
Instruments and related products. . do
Miscellaneous manufacturing
do
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. . I .
Chemicals and allied products.
do
Petroleum and coal products
do
Rubber and plastics products, nec__~do~I"
Leather and leather products..
do
' 4.88
o 01 s
1 A
8
7fjf|
CQ1
92
554
442
553
1, 065
1 156
1 416
1,387
1 368
306
353
6 069
1,163
66
901
1, 221
544
670
600
122
534
249
5 972
1,164
66
862
1,163
540
671
612
126
530
237
5 916
1, 159
66
838
1,140
530
669
620
127
536
231
5 809
1,148
64
815
1,118
522
662
613
127
509
231
5 669
1,140
65
789
1,068
512
660
596
126
488
225
Service-producing
do
34, 656 34, 926 34, 818 34, 665
33,771
Transportation, comm., elec., gas, etc
do
4, 035
4,041
4,011
4,019
4,058
Wholesale and retail trade
do
14, 799
15, 065 15, 199 15, 096 14, 959
Wholesale trade
do
3, 540
3,533
3 433
3 518
3 526
Retail trade
do
11 366
11 540 11, 659 11 563 11 441
Finance, insurance, and real estate.
do
3,247
3,232
3,184
3,240
3,232
Services
do
12. 293 12. 439 12. 455 12. 463
11. 769
* Revised.
P Preliminary.
JEffective with the Oct. 1975 SURVEY, all establishment (payroll) employment, hours,
earnings, and labor turnover reflect the periodic adjustment of these data to more recent
benchmarks (Mar. 1974) and to revised seasonal factors. Data back to Jan. 1970 are subject
to revision. The Oct. 1975 EMPLOYMENT AND EARNINGS (BLS) provides monthly data back
to 1970 for many of the series published in the SURVEY.
5 539
1,127
67
749
1,044
500
656
584
120
473
219
5 417
1,123
66
730
1,019
485
619
576
117
441
211
5 433
1,131
62
766
1,033
472
636
562
123
436
212
5,445
1,133
62
771
1,043
469
631
560
125
436
215
5,492
1,131
65
111
1,071
474
629
560
127
439
219
51 136
16312
'567
2,734
13 Oil
7/450
77
469
366
483
892
993
1,300
1,131
1,142
286
311
'51,398
' 16,467
'569
' 2, 741
' 13,157
' 7, 527
75
475
379
'488
'911
'1,000
'1,314
' 1, 139
' 1, 140
291
'315
47$
38?
m
89(
99*
1,312
i.ise
1,17C
292
312
23;
34,97;
34, 590 34, 518 34, 433 34, 421 34, 435 34, 414 34, 710 34,824 ' 34,931 ' 34.964 3,83(
3,828 ' 3, 833
3,825
3,827
3,849
3,831
3,865
3,922
3, 956
3,869
14,930 14, 896 14, 863 14, 858 14, 862 14, 896 15, 081 15, 116 r 15.159 r 15,111 15,12
3,463 r' 3. 462 3,46^(
3,445
3,440
3,448
3,458
3,464
3,461
3,480
3,499
11,431 11,416 11, 399 11,397 11,404 11,456 11, 633 11,671 r 11.696 11,682 11. 65
3, 24
3.235
'3,234
3,203 3,218
3,208
3,209
3,206
3,210
3,225
3,217
12.479 12. 483 12. 491 12. 495 12,515 12, 479 12, 599 12,665 ' 12,710 '12,752 12,77
ONOTE FOR P. S-16: In accordance with the 1975 Tax Reduction Act (effective May 1,
1975), new formulas have been constructed for the period May-Dec. 197o for calculating spenaable earnings. Therefore, the entire reduction in 1975 taxes is accounted for m tne Perioa
May-Dec. 1975. The 4.7% increase from Apr. to May 1975 in real spendable earning:,-reflects; a
.1% increase in real weekly earnings plus a 4.6% decrease m the average tax effect (the c&ange
in avg. soc. security/federal income tax rates for worker with 3 dependents who earned the
aver, weekly earnings).
SURVEY OF CURRENT BUSINESS
December 1975
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1973
1975
1974
1974
Annual
S-15
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct."
Nov. p
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
AVERAGE HOURS PER WEEK
Seasonally Adjusted
Avg. weekly hours per worker on private nonagric.
payrolls:! H Seasonally adjusted
hours..
Not seasonally adjusted
do
Mining ._
do
Contract construction
do
Manufacturing: Not seasonally ad justed... do
Seasonally adjusted.
do
Overtime hours
do
36.2
36.1
36 3
37 0
39.7
39 5
2 8
36.3
36.4
41 3
37 4
39.9
39 4
2 7
36.2
35.7
42 5
37 2
38.7
39 2
2 4
36.1
35.7
42 4
36.8
38.5
38 8
2.4
35.9
35.6
41 9
34 9
38.7
38 9
2 3
35.9
35.7
41. 1
36.8
38.9
39.1
2.3
35.9
35.8
42.6
36.9
39.0
39.0
2.4
36.0
36.3
42.2
35.7
39.5
39.3
2.4
36.0
36.4
42.1
36.2
39.2
39.4
2.6
36. 2
36.6
41.8
36.7
39.7
39.7
2.8
36.1
36.3
M2. 1
'36.7
40.2
39.8
2.8
36.2
36,2
42.6
'36.6
MO.O
'39.9
'2.8
36.3
36.2
43.8
36.8
40.0
39.8
2.8
MO. 1
2.6
Ml. 5
'39.9
' 39. 0
40.8
'39.9
40.3
40.7
39.6
40.5
39.8
'38.8
40.1
2.6
42.1
40.0
39.0
41.0
40.1
40.4
40.7
39.8
40.3
40.0
38.7
3.8
3.2
36.5
36.5
43 4
37 1
40.1
40 0
31
Durable goods.
.
Overtime hours
Ordnance and accessories
Lumber and wood products
Furniture nnd
fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electrical equipment and supplies
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
do
do
do
do
do
do
do
do
do
do
do
do
do
41.5
4.1
41.8
40.7
39.9
42.1
42.4
41.6
42.6
40.4
41.9
40.8
38.9
40 7
3.4
41.7
39.7
39.0
41.4
41.7
40.8
42.3
39.8
40.1
40.2
38.5
40 7
3.3
41.4
38.9
38 6
41.3
41.9
40.9
42.5
39.7
40.5
39.9
38.4
40 3
30
41.9
38.5
37 8
41.2
41.5
40.4
42.2
39.5
39.6
39.9
37.9
40 2
28
41 7
38.2
37 4
41 0
41 1
40.5
42.0
39 6
39.5
39.7
38.2
40 1
25
41 8
38.1
36 6
40 9
40.6
40.4
41.8
39.5
39.6
39.6
38.1
39 7
2.5
41.3
38.6
36.4
40.2
40.3
39.8
41.3
39.2
39.2
39.0
37.8
39 5
2.3
41.3
38.0
36.6
39.6
40.0
39.7
40.9
39.2
39.1
39.1
37.7
39.7
2.4
41.3
38.8
37.2
40.3
39.7
39.7
41.0
39.4
40.5
39.2
38.1
39.5
2.2
41.1
38.8
37.5
40.2
39.5
39.5
40.5
39.1
39.5
39.3
38.1
39.6
2.3
41.6
39.0
37.6
40.3
39.6
39.5
40.4
39.3
40.0
39.4
38.3
39.8
2.5
40.1
39.1
37.8
40.6
39.7
39.5
40.5
39.5
40.7
39.7
38.1
40.2
2.7
41.2
39.5
38.3
40.7
39.9
40.0
40.8
39.6
41.2
39.5
38.2
40.2
2.7
Ml. 7
'39.6
'38.9
MO. 8
'39.9
MO. 2
40.7
39.6
MO. 9
'39.7
38.7
Nondurable goods
Overtime hours
..
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products .
do .
do
do
do
do
do
39.6
3.4
40.4
38.5
40.9
35.8
39.1
3.0
40.4
38.0
39.4
35.1
38.9
2.8
40.3
37.3
38.4
35.3
38.4
2.6
40.1
37.3
37.7
34.4
38.2
25
40.0
37.7
36 7
34.3
38.1
2.3
40.0
37.5
36 2
34.2
37.6
2.2
40.0
37.5
36.1
33.6
37.9
2.2
40.2
38.6
36.9
33.8
38.0
2.2
39.9
38.3
37.7
34.3
38.3
2.4
39.9
36.9
38.9
34.4
38.7
2.6
39.9
39.8
39.2
35.2
38.8
2.8
40.1
35.4
39.6
35.2
39.3
2.9
40.7
37.6
40.4
35.5
39.4
39.4
2.9
'3.0
MO. 9 , MO. 5
'38.0 ' 37. 5
40.9 Ml. 1
'36.0
36.1
39.5
2.9
40.5
40.3
40.8
36.0
do
do
do
do
do
do
42.7
37.9
41.9
42.3
41.1
37.9
42.1
37.6
41.6
42.5
40.4
37.2
41.8
37.6
41.3
42.6
40.7
36.9
41.3
37.4
41.1
42.2
39.7
36.6
41.3
37.3
41.0
42.2
39.5
36.2
41.0
37.4
40.7
41.9
39.5
35.9
40.6
37.1
40.6
41.9
38.8
35.4
40.5
37.0
40.4
41.7
38.7
35.3
40.4
36.8
40.3
41.0
39.0
36.5
40.9
36.7
40.6
41.5
39.6
36.5
41.5
36.7
40.7
41.2
39.6
37.5
41.6
36.7
40.9
41.3
40.0
37.8
42.1
37.1
41.1
41.0
40.1
38.0
42.2
'36.9
41.3
Ml. 6
MO. 1
38.4
M2.4
'37.0
41.3
Ml. 7
MO.O
38.9
42.7
37.3
41.7
41.6
39.8
38.5
40.6
34.7
39.5
33.3
36.9
34.0
40.2
34.1
38.9
32.7
36.7
33.9
40.1
33.9
38.7
32.4
36.6
33.8
39.8
33.8
38.6
32.5
36.8
33.8
39.8
33.9
38.6
32.5
36.8
33.8
39.9
33.8
38.7
32.4
36.9
33.9
39.7
33.9
38.6
32.3
36.8
33.9
39.7
33.9
38.6
32.5
36.6
33.8
39.8
33.7
38.6
32.3
36.2
33.7
39.2
33.9
38.6
32.5
36.4
33.9
39.5
33.8
38.4
32.4
36.5
33.9
39.4
33.6
38.5
32.2
36.3
33.7
39.5
33.8
38.6
32.3
36.3
33.8
39.7
33.6
38.5
'32.2
36.3
33.6
39.5
'33.9
'38.8
'32.3
36.4
'33.8
39.6
33.7
38.6
32.4
36.8
33.9
Hours of wage and salary workers in nonagric.
establishments, for 1 week in the month, seasonally adjusted at annual ratej
..btl. hours..
Total private sector
do
Mining
do
Contract construction
do
Manufacturing
do..
Transportation, comm., elec., gas
do
Wholesale and retail trade
do
Finance, insurance, and real estate. .. do
Services
do
Government
do
149. 27
121. 91
1.42
7.68
42.06
9.78
30.13
7.83
23.02
27.36
150. 72
122. 63
1.53
7.58
41.50
9.82
30.27
8.01
23.93
28.08
152.62
122. 84
1.64
7.47
41.36
9.77
30.29
8.05
24.25
29.78
149. 99
121.31
1.36
7.36
40.34
9.69
30.17
8.09
24.29
28.68
148. 48
120. 13
1.47
7.33
39.32
9.64
29.96
8.09
24.31
28.35
147. 96
119. 22
1.60
7.25
38.44
9.55
29.86
8.10
24.43
28.74
146. 15
117. 39
1.60
6.87
37.28
9.42
29.72
8.06
24.44
28.76
145. 38
116. 34
1.59
6.29
36.98
9.30
29.80
8.01
24.37
29.04
145. 58
116. 32
1.56
6.58
36.94
9.33
29.66
7.92
24.32
29.26
145. 70
116. 60
1.64
6.60
36.95
9.16
29.81
7.96
24.48
29.10
145. 04
116. 24
1.63
6.30
36.98
9.18
29.73
7.98
24.45
28.80
145. 35
116. 46
1.63
6.39
37.05
9.15
29.80
7.93
24.52
28.89
146.81
117.61
1.63
6.52
37.70
9.17
29.94
7.96
24.69
29.20
' 147.26 ' 148.23
' 118,00 ' 118.50
'1.65 '1.72
'6.55 '6.48
' 38. 06 ' 38. 18
9.19
'9.18
' 29. 91 ' 30. 03
8.04
8.00
' 24. 66 ' 24. 87
' 29. 26 ' 29. 73
148. 32
118. 87
1.74
6.52
38.22
9.22
30.03
8.14
25.00
29.44
Indexes of hours (aggregate weekly) :flf
Private nonagric. payrolls, total
1967 = 100..
Goods-producing
do
Mining
do
Contract construction
. do
Manufacturing
do
Durable goods
do
Nondurable goods
do
Service-producing
..
do
Transportation, comm., elec., gas
do
Wholesale and retail trade
do
Wholesale trade
.
do
Retail trade
do
Finance, insurance, and real estate .. do
Services
._
do
113.0
105.9
103.7
120.1
103.5
104.7
101.7
117.9
108.4
116.1
113.2
117.1
123.5
123.0
113.0
103.4
111.7
117.1
100.7
102.0
98.8
119.7
108.6
116.2
114.4
116.9
125.0
127.9
112.9
102.7
119.9
114.9
100.0
101.7
97.5
120.0
107.7
116.3
114.3
117.0
125.0
129.1
111.3
99.2
99.7
112.9
96.8
98.3
94.5
119.6
106.8
115.7
113.8
116.4
125.1
129.3
109.9
96.7
106.0
112.1
93.6
94.9
91.7
119.1
106.2
114.7
113.3
115.2
125.1
129.3
108.9
94.5
117.4
111.0
90.8
91.8
89.3
118.9
105.0
114.3
113.0
114.7
125.2
129.9
107.0
90.7
116.7
104.1
87.4
87.9
86.7
118.4
103.5
113.7
112.1
114.2
124.5
129.9
105.9
88.4
115.9
94.5
86.4
86.6
86.0
118.1
102.1
113.9
111.6
114.8
123.6
129.6
106.0
89.2
113.7
99.0
86.6
86.5
86.7
117.6
102.3
113.4
111.5
114.0
122.1
129.3
106.3
89.4
119.4
99.3
86.6
85.4
88.2
118.0
100.3
113.9
111.4
114.8
122.9
130.3
106.0
88.9
118.4
94.9
86.8
85.2
89.1
117.8
100.6
113.7
110.3
115.0
123.2
129.9
106.4
89.3
118.8
96.2
87.1
84.9
90.2
118.3
100.3
114.6
110.8
116.0
122.3
130.4
107.6
91.2
118.6
98.3
89.0
86.7
92.4
119.0
100.5
115.2
111.0
116.8
122.9
131.4
' 108. 1 ' 108. 6
92.8
'92.4
'119.9 ' 124. 7
'98.6 '97.4
90.3 '90.9
'87.7 '88.0
'94.1 '95.1
119.5
' 119.0
' 101. 1 100.7
115.6
'115.2
112, 1
111.3
116. 9
'116.7
123.8
' 123. 5
' 131. 1 ' 132. 3
108.9
93.0
126.9
98.0
90.9
88.1
95.0
119.9
101.0
115.5
111.5
117.0
125.6
132.9
3.92
4.73
6.37
4.08
3.89
4.34
4.13
4.35
3.64
3.26
4.21
5.04
4.26
4.56
3.89
5.07
3.90
3.27
4.22
5.21
6.75
4.41
4.24
4.69
4.50
4.71
3.91
3.50
4.52
5.60
4.59
4.92
4.17
5.48
4.20
3.50
4.37
5.38
6.99
4.57
4.39
4.88
4.67
4.82
4.02
3.59
4.66
5.82
4.76
5.09
4.31
5.78
4.31
3.54
4.36
5.23
7.00
4.59
4.43
4.89
4.74
4.87
4.02
3.59
4.65
5.89
4.76
5.12
4.34
5.73
4.33
3.59
4.38
5.43
7.05
4.66
4.50
4.96
4.79
4.94
4.02
3.63
4.68
5.93
4.82
5.20
4.42
5.82
4.42
3.67
4.40
5.69
7.07
4.67
4.54
4.95
4.81
4.98
4.05
3.64
4.67
5.93
4.78
5.17
4.43
5.77
4.42
3.73
4.42
5.74
6.99
4.68
4.56
4.98
4.84
5.04
4.11
3.66
4.69
5.99
4.84
5.21
4.45
5.75
4.46
3.73
4.44
5.75
7.14
4.72
4.59
5.02
4.88
5.09
4.14
3.69
4.72
6.01
4.90
5.24
4.48
5.84
4.49
3.73
4.46
5.73
7.12
4.73
4.60
5.04
4.90
5.10
4.13
3.71
4.78
6.01
4.93
5.26
4.51
5.86
4.49
3.75
4.48
5.81
7.12
4.75
4.61
5.06
4.93
5.15
4.17
3.70
4.83
6.04
4.98
5.29
4.53
5.88
4.52
3.75
4.51
5.87
7.18
4.78
4.63
5.10
4.95
5.17
4.25
3.72
4.87
6.07
5.03
5.32
4.58
5.96
4.54
3.78
4.53
5.88
7.24
4.81
4.65
5.13
4.98
5.22
4.31
3.74
4.93
6.11
5.04
5.33
4.61
6.00
4.56
3.79
4.56
5.92
7.27
4.82
4.65
5.16
5.00
5.28
4.39
3.78
4.96
6.29
5.10
5.39
4.60
6.01
4.57
3.79
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
Trans., comm., elec., gas, etc
Wholesale and retail trade _
Wholesale trade
Retail trade
Finance, insurance, and real estate.
Services
do
do
do
do
. do
do
37.1 "~~36.~6~
42.5
42 4
37.0
36.9
40.0
40.7
AGGREGATE HOURS
Seasonally Adjusted
HOURLY AND WEEKLY EARNINGS
Average hourly earnings per worker^
Not seasonally adjusted:
Private nonagric. payrolls
dollars..
Mining
do
Contract construction ..
.... do
Manufacturing
do...
Excluding overtime
do
Durable goods .
. d o
Excluding overtime
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
Electrical equipment and supplies. do
Transportation equipment
do
Instruments and related products..do
Miscellaneous manufacturing ind. ..do
' Revised.
p Preliminary.
t See note "t", p.S-14.
^Production and nonsupervisory workers.
4.64
6.02
' 7. 42
4.89
4.70
5.24
5.06
' 5. 39
M.43
'3.79
'5.01
6.39
'5.17
'5.47
M.G6
'6.14
M.60
'3.82
4.65
6.00
7.44
4.90
4.73
5.26
5.08
5.42
4.41
3.81
5.02
6.35
5.19
5.50
4.66
6.25
4.61
3.83
4.68
6.11
7.54
4.93
4.76
5.29
5.11
5.41
4.37
3.82
5.03
6.43
5.22
5.53
4.69
6.25
4.65
3.86
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated in footnotes below, data
through 1972 and descrn'ive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1973
December 1975
1974
1974
Annual
Oct.
Nov.
1975
Jan.
Dec.
Feb.
Mar.
Apr.
June
May
July
Aug.
Sept.
Oct.*
Nov.*
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HOURLY AND WEEKLY EARNINGS— Con.
Avg. hourly earnings per worker, private nonagric.
payrolls. Not seas, adj.t If— Continued
Manufacturing— Continued
Nondurable goods
dollars
Excluding overtime
do
Food and kindred products
do
Tobacco manufactures .
do
Textile mill products
do
Apparel and other textile prod
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, comm., elec., gas
-do
Wholesale and retail trade
-do
Wholesale trade
do
Retail trade
.
. d o
Finance, insurance, and real estate
do
Services
..do
Seasonally adjusted: t
Private nonagricultural payrolls
do
Mining
do
Contract construction
_
do
Manufacturing
_
do
Transportation, comm., elec., gas
do
Wholesale and retail trade
do
Finance, insurance, and real estate
do
Services
- - --do
Indexes of avg. hourly earnings, seas, adj.: ® 1fJ
Private nonfarm economy:
Current dollars
1967=100..
1967 dollarsA
do
Mining
do
Contract construction
do
Manufacturing
_ -do
Transportation, comm., elec., gas
do
Wholesale and retail trade
do
Finance insurance, and real estate
do
Services
do
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (E NR): cf
Common labor
$perhr_.
Skilled labor
do
Farm (U.S.) wage rates, hired workers, by
method of pay:*
All workers other than piece-rate
do
Workers receiving cash wages only
do
Workers paid per hour cash wages only do
Railroad wages (average class I)§
do
Avg. weekly earnings per worker, Ifprivate nonfarm :j
Current dollars, seasonally adjusted
1967 dollars, seasonally adjusted A
Spendable earnings (worker with 3 dependents):©
Current dollars, seasonally adjusted
1967 dollars, seasonally ad justed A
Current dollars, not seasonally adjusted :t
Private nonfarm, total ._ __
dollars
Mining
do
Contract construction
.
do
Manufacturing
do.. _
Durable goods
do
Nondurable goods
do
Transportation, comm., elec., gas
do
Wholesale and retail trade
do
Wholesale trade
do
Retail trade
.
. . . . do
Finance, insurance, and real estate
do...
Services.
do
HELP-WANTED ADVERTISING
Seasonally adjusted indexf
1967=100
LABOR TURNOVER*
Manufacturing establishments:
Unadjusted for seasonal variation:
Accession rate, total
mo rate per 100 employees
New hires
do
Separation rate, total
-_
do
Quit
do
Layoff
do
Seasonally adjusted:
Accession rate total
do
New hires
do
Separation rate total
do
Quit
do
Layoff
do
WORK STOPPAGES
Industrial disputes:
Number of stoppages:
Beginning in month or year
In effect during month
Workers involved in stoppages:
Beginning in month or year
In effect during month
__
number
do
thotis
do_--
3.68
3.53
3.82
3.74
2.95
2.78
4.19
4.68
4.48
5.21
3.80
2.81
5.04
3.20
4.12
2.87
3.58
3.46
3.99
3.84
4.16
4.10
3.19
2.99
4.51
4.97
4.85
5.61
4.03
3.01
5.43
3.47
4.49
3.09
3.82
3.76
4.11
3.96
4.26
4.06
3.26
3.10
4.66
5.09
5.01
5.78
4.15
3.07
5.62
3.57
4.63
3.18
3.90
3.86
4.14
4.00
4.30
4.20
3.28
3.10
4.69
5.12
5.06
5.78
4.16
3.11
5.62
3.58
4.68
3.18
3.92
3.89
4.20
4.07
4.37
4.27
3.28
3.11
4.74
5.17
5.11
5.82
4.21
3.12
5.65
3.57
4.71
3.18
3.98
3.92
4.23
4.11
4.42
4.34
3.29
3.14
4.75
5.16
5.15
5.88
4.23
3.15
5.67
3.65
4.74
3.24
3.99
3.94
4.25
4.13
4.45
4.49
3.30
3.13
4.75
5.20
5.16
6.11
4.22
3.18
5.70
3.68
4.79
3.27
4.05
3.99
4.27
4.16
4.48
4.69
3.31
3.16
4.78
5.23
5.19
6.27
4.23
3.21
5.72
3.68
4.80
3.27
4.09
4.00
4.27
4.16
4.49
4.77
3.32
3.16
4.81
5.25
5.22
6.30
4.25
3.21
5.75
3.69
4.80
3.29
4.09
3.99
4.30
4.17
4.52
4.77
3.33
3.15
4.86
5.32
5.30
6.33
4.30
3.20
5.78
3.72
4.83
3.31
4.11
4.01
4.32
4.18
4.54
4.89
3.34
3.16
4.95
5.35
5.35
6.38
4.33
3.21
5.83
3.73
4.87
3.33
4.16
4.02
4.36
4.21
4.55
4.62
3.34
3.16
5.05
5.41
5.42
6.51
4.42
3.22
5.90
3.73
4.88
3.33
4.13
4.03
4.36
4.20
4.58
4.32
3.38
3.16
5.10
5.45
5.44
6.55
4.39
3.21
6.05
3.76
4.93
3.35
4.15
4.03
4 41
4 42
4.23
4.25
' 4 62 ' 4 64
r 4 29
r 4 27
3.48
3.53
3 22 r 3 24
' 5 11 r 5 15
5 49 r 5 50
5.50
5.48
1
6 61 ' 6 61
'4.41
4.42
3 26 r 3 26
6.11 '6.10
3.80
3.82
' 4 94 r 4 96
3 39
3 41
'4 16 ' 4 17
4 13 ' 4 16
4 45
4.29
4 69
4 42
3.53
3 25
5 20
5 52 <
3.92
4.73
6.37
4.08
5.04
3.20
3.58
3.46
4.22
5.21
6.75
4.41
5.43
3.47
3.82
3.76
4.34
5.43
6.90
4.57
5.60
3.57
3.91
3.85
4.35
5.22
6.96
4.59
5.60
3.59
3.94
3.89
4.38
5.88
7.00
4.62
5.64
3.60
3.97
3.91
4.41
5.62
7.03
4.65
5.66
3.63
3.97
3.93
4.43
5.71
6.98
4.68
5.70
3.67
4.02
3.97
4.46
5.76
7.18
4.72
5.75
3.67
4.08
3.99
4.47
5.71
7.18
4.73
5.77
3.68
4.08
3.99
4.49
5.82
7.16
4.75
5.82
3.71
4.11
4.01
4.51
5.89
7.27
4.78
5.87
3.73
4.18
4.04
4.54
5.92
7.33
4.82
5.90
3.74
4.14
4.06
4.57
5.97
7.30
4.86
6.05
3.78
4.18
4.08
4 60
6.01
'7 32
4 88
6.04
3 79
'4.16
4 10
4 68
6 10
7 50
4 93
6.10
3 84
4.26
4 22
146.6
110.1
147.6
154.4
143.6
155.6
143.1
138.4
150.1
158.6
107.4
163.1
163.7
156.0
167.3
155.0
148.6
163.3
163.3
106.8
168.8
167.3
161.3
172.4
159.6
152.9
167.0
164.2
106.4
167.9
168.3
162.5
172.7
160.4
153.9
168.3
165.4
106.4
172.6
169.6
163.7
173.6
161.1
155.0
169.4
166.3
106.3
174.9
170.4
164.8
174.3
162.6
154.9
170.4
167.8
106.6
177.7
168.8
166.1
175.6
164.1
157.3
172.1
169.1
107.2
178.5
173.7
167.7
176.8
164.8
159.8
172.9
169.4
106.8
178.1
173.7
168.6
177.6
164.9
159.4
172.5
170.6
107.1
180.7
173.4
169.7
179.3
166.4
160.4
173.5
172.2
107.3
182.8
175.9
171.0
181.1
167.5
163.1
175.5
173.1
106.6
184.0
177.4
172.2
Ih2.4
168.3
161.5
175.8
174.6
107.4
186.2
176.7
173.3
186.2
170.5
163.0
177.1
7.07
9.58
7.55
10.18
7.86
10.50
7.88
10.55
7.90
10.58
7.94
10.62
7.96
10.66
7.96
10.67
7.99
10.70
8.06
10.76
8.23
10.93
8.44
11.08
8.57
11.24
5.427
'2.25
'2.21
'2.43
2.35
5.707
••2.43
'2.36
'2.59
2.51
145. 43
109.26
154. 45
104. 57
158. 41
103. 64
157.47
102. 07
158. 99
102. 26
159.64
102. 02
159. 92
101. 64
160. 11
101. 48
160. 47
101. 11
161. 19
101. 21
162. 36
101. 16
163.44
100. 67
165. 43
101. 73
166.06
101 65
167. 24
101 70
169. 88
102.60
127. 41
95.73
134.37
90.97
137. 42
89.91
136. 70
88.61
137. 87
88.67
138. 38
88.43
138. 59
88.08
138. 73
87.93
139. 00 «146. 00
87.58 « 91. 67
146. 91
91.53
147. 76
91.01
149.31
91.82
149. 81
91.70
150. 73
91.66
152. 76
92.26
145. 43
201. 03
235. 69
166.06
180. 11
145. 73
204.62
111.04
162. 74
95.57
132. 10
117. 64
154. 45
220. 90
249. 08
176. 40
190. 88
156. 01
218. 29
118. 33
174. 66
101.04
140. 19
127. 46
159. 51
235. 64
265. 62
183. 26
199. 59
160. 29
226. 49
120. 31
179. 18
102. 40
142. 74
130. 08
157. 40
190. 37
255. 50
182. 22
198. 05
159. 80
223. 68
120. 29
180. 65
102. 08
143. 86
130. 70
159. 43
224. 80
259. 44
185. 93
202. 86
161. 70
224. 87
122.09
183. 69
104. 30
146. 46
132. 50
157.08 157. 79
238. 98 241. 08
250. 99 247. 45
180. 73 180. 18
195. 53 196. 21
159. 05 158. 53
224. 53 224. 58
121. 55 122. 91
182. 49 183. 46
103. 03 103. 99
147. 23 149.04
132. 78 134. 46
158. 06
237. 48
247. 76
182. 66
197. 79
160. 98
224. 80
123. 28
184. 32
104. 64
149. 29
134. 40
159. 22
233. 78
259. 17
184. 00
199. 58
161. 41
226. 55
123. 25
183. 84
104. 95
148.06
133. 67
160. 38
247. 51
262. 73
185. 25
199. 87
164. 26
226. 00
124. 99
185. 96
106.25
149. 19
134. 74
163. 71
250. 65
262. 07
188. 81
203. 49
168.05
231. 45
127. 19
187. 98
109. 22
151. 84
137. 08
164. 89
248. 72
270. 05
188. 55
202. 64
169. 60
235. 41
128. 69
188. 86
110. 89
150. 33
138. 23
166.90
248.64
274.81
191.35
205.88
172.22
241.40
130.10
190.79
111.89
151.06
138.23
126
110
99
91
85
77
76
74
74
74
81
84
83
83
83
4.8
3.9
4.6
2.7
.9
42
3.2
4.8
2.3
1.5
38
2.9
5.0
2.2
1.8
2 4
1.7
5.0
1.4
2.8
18
1.0
5.2
.9
3.6
30
1.3
6.2
1.1
4.1
27
1.2
4.5
.9
2.9
32
1.3
4.2
1.0
2.5
37
1.6
4.0
1.1
2.1
39
2.0
3.9
1.3
1.8
45
2.5
3.6
1.3
1.5
4 5
2.6
4.4
1.5
2.0
51
3.1
4.6
2.4
1.3
4.6
3.0
4.3
'2.0
1.4
3.7
2.5
4.0
1.6
1.6
3.7
2.7
4 8
2.0
2.0
3.1
2.2
56
1.8
2.5
3.1
1.8
6 0
15
2.6
3.3
1.5
59
1.8
3.1
3.3
1.6
53
1.2
3.0
3.4
1.5
4 7
1.1
2.7
3.9
1.7
4 5
12
2.6
3.5
1.8
41
1.3
2.6
3.5
1.8
39
1.3
2.1
4.2
2.4
4.0
1.5
1.5
4.0
2.4
3.6
1.5
1.5
3.7
2.3
3.5
'1.3
1.7
3.6
2.3
3.7
1.5
1.7
5.698
2.42
2.39
2.63
2.46
r 4 15
' 175. 2 ' 176. 5
107 2 '107 4
' 187 2 ' 188. 4
' 177 3 ' 177 9
174 5 ' 176 0
186.4 ' 187. 1
170 5 ' 171 7
' 162 6 ' 163. 5
' 177. 8 ' 179. 6
6 64
4.43
3 27
6.12
3.83
5 02
3 41
4 24
4 22
178.1
107 5
188 9
181 5
176 9
188.2
172 8
166 7
182.2
8.60
8.58
8.59
11 29 ' 11 35 11 37
2 29
2.25
2.39
2 31
2
2
2
2
63
56
82
65
168.43 168.33 169. 42
' 255.25 258. 00 268. 23
' 278.99 ' 279.00 273. 70
196. 58 ' 196.00 197.20
212. 22 ' 211.98 213. 19
175. 52 174. 59 176. 67
243. 79 ' 242.17 242. 35
128.06 ' 128.73 128. 31
' 190.68 ' 192.45 193. 77
' 109.50 ' 109.46 109.12
' 150.59 '151.79 155. 61
139. 18 ' 140.19 142. 21
5 353
6 074
513
911
353
742
183
499
350
520
300
530
370
570
517
741
619
919
648
990
626
1,039
455
913
363
667
2,251
2, 778
146
269
251
353
103
308
104
157
101
183
90
171
130
221
242
412
210
397
292
565
183
415
154
310
87
449
688
141
200
r
Revised.
*> Preliminary.
% See corresponding note, p. S-14.
If Production and
nonsupervisory workers.
0 The indexes exclude effects of changes in the proportion of
workers in high-wage and low-wage industries, and the manufacturing index also excludes
effects of fluctuations in overtime premiums.
§ For line-haul roads only.
A Earnings
in 1967 dollars reflect changes in purchasing power since 1967 by dividing by Consumer
Price Index.
d* Wages as of Dec. 1,1975: Common, $8.62; skilled, $11.42.
2.47
2.42
2.70
2.49
4 62
6 06
r 7 34
'4 90
'6.08
3 82
'4.18
s!s7 '
O See "O" note, bottom of p. S-14.
« See "O," bottom of p. S-14.
t Revisions for
1972-74 appear in the Sept. 1975 SURVEY. Scattered revisions for earlier years are available.
*New series. USD A Quarterly Agricultural Labor Survey. Data beginning 1974 are
for the week containing the 12th day of the quarter month and cover field and livestock
workers, machinery operators, packing-house, maintenance, etc., agricultural workers; no
comparable data prior to 1974 are available.
SURVEY OF CURRENT BUSINESS
December 1975
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1973
1975
1974
| 1974
Annual
S-17
Oct.
Dec
Nov.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
4 590
4 254 "4 044
Oct.
Nov.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
UNEMPLOYMENT INSURANCE
Unemployment insurance programs:
Insured unemployment, all programs, average
weekly §9
.
thous
State programs:
Initial claims
do
Insured unemployment, avg. weekly... do
Percent of covered employment: A
Unadjusted
Seasonally adjusted
Beneficiaries, average weekly
thous
Benefits paid §
mil. $.
1,783
2,568
2 246
2 825
3 910
5 213
5 751
5 886
5 647
5 202
4 892
4 990
12,820
1,632
18 880
2,260
1 608
1,947
2 017
2,499
3 192
3,550
3 616
4^752
o 455
5)l08
2 158
5 091
2 041
4 775
1 749
4 281
1 832
3,878
2 202 j>l 570 "1 523
3,436 3,077 "2,924
3*, 871
27
3.5
1,874
1 371
40076 5, 974. 9
3.0
3.7
1, 520
442.0
77
72
5.4
3.8
5.1
7.2
64
58
4.6
78
58
4.2
4.9
5.5
5.8
70
6.7
6.2
6.0
64
5.8
68
4 553 r 4 377 '3 837 3 437 3 208 "2 952 "2 499
1 814 2 593 3 735 4 342
485.0
745.9 1 128.2 1 1642 1 290 6 '1 301 2 rl 145.1 984 0 1 086 9 "881.3 "766 4
Federal employees, insured unemployment,
average weekly
_ _ _
thous
Veterans' program (UCX):
Initial claims .
do
Insured unemployment, avg. weekly.. do
Beneficiaries, average weekly
do
Benefits paid
mil. $
Railroad program:
Applications _ .
thous
Insured unemployment, avg. weekly.. do
Benefits paid
mil. $
38
40
38
42
43
46
47
47
360
62
60
209 4
377
71
65
249.2
33
75
70
20 7
39
85
82
25 3
36
93
98
30 9
30
95
100
28 1
93
12
30 6
69
10
22.2
36
67
63
20 3
4
8
16
5
13
16
10
15
2.8
15
25
38
16
26
4 9
29
96
102
30 1
9
27
51
40
43
p
30
94
101
31 5
g
27
55
r
28
92
95
30 0
4
20
42
"4.4
"5.6
43
43
44
"45
34
91
95
29 0
41
98
94
32 3
"36
102
"103
j»32 7
p41
105
"98
"32 9
"107
18
18
39
28
23
39
13
24
49
15
35
16 1
10
31
12 8
40
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers 'acceptances
mil. $
8,892
18,484 16,882 17,553 18,484 18,602 18, 579 18,730 18,727 18, 108 17,740 16,930 16,456
Commercial and financial co. paper, total
do
41, 073 ' 49, 114 ' 51,490 ' 51,954 r 49,144 ' 51,675 ' 52,403 ' 50,811 '51,605 ' 51,297 ' 48,742 ' 49,331 49, 783
Financial companies
do
32,691 '36,450 ' 37,487 ' 37,422 ' 36,450 ' 37,027 ' 37,671 ' 36,547 ' 37,587 ' 38,690 r 36,697 ' 37,259 37,790
Dealer placed
do
5,487
4,611
5,242 4,860
4,611 5,029
5,645
5,604
5,342
5,167
5,889
6,018
5,461
Directly placed
.do
27, 204 ' 31, 839 r 32,245 ' 32,562 r 31,839 ' 31,998 ' 32,504 ' 31,205 ' 32,126 r 32,801 ' 31,093 ' 31,244 32, 145
Nonfinancial companies
do
8,382
12,694 14,003 14,532 12,694 14,648 14,732 14,264 14,018 12,607 12,045 12,072 11,993
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period
mil. $__ 21,840
27, 152 26,796 26,897 27, 152 27,964 28,304 28,808 29,214 29,575 29,951 30,421 30,837 31,072 31,354
Farm mortgage loans:
Federal land banks
do
11, 071
13,643 13,418 13.643 13,643 14,086 14,326 14,641 14,917 15, 180 15,437 15,654 15,851 16,044 16,247
Loans to cooperatives
do
3,575 3,598 3,573 3,575
2,577
4,087
3,910
3,741
3,821
3,520 3,738 3,847
3,650 3,499
3,371
Other loans and discounts
do
8,193
9,933 9,779 9,681
9,968 10, 157 10,426 10,646 10,895 11, 143 11,247 11, 248 11, 181 10,200
9,933
Bank debits to demand deposit accounts, except
Interbank and U.S. Government accounts,
annual rates, seasonally adjusted:
Total (233 SMSA's)O
bil. $
22,348.8 22,918.7 22,192.4 21,856.3 22,952.7 22,182.9 22,707.5 22,739.7 22,504.2 22,830.2 '23,269.4 '23,181.9 241377
New York SMSA
do. .
10,271.1 10,538.9 9,931.8 10, 157. 8 10,918.0 10, 241. 1 10,810.3 10,826.1 10,612.2 10,709.5 10,628.8 10,585.0 11*801 5
Total 232 SMSA's (except N.Y.)
do
12.077.6 12,379.8 12,260.6 11,698.4 12,034.7 11,941.8 11,897.2 11,913.6 11,892.0 12,120.7 "12,640.5 '12,596.9 12,336.2
6 other leading SMSA 'si
do
5,084.7 5,160.2 5, 152.7 4,868.4 4,992.8 4,899.9 4,770.6 4,852.6 4, 755. 2 4 841 ' 5, 125. 1 '5,153.0 4,921.3
226 other SMSA's
do
6,993.0 7,219.6 7,107.9 6,830.1 7,041.9 7,041.9 7,126.7 7,061.0 7, 136. 9 7,279.5 r7 11 ** A. '7,443.8 7,414.9
Federal Reserve banks, condition, end of period:
Assets, total 9
mil $
106,464 113, 611 110,632 113,134 113,611 112,562 112,633 111,291 122,628 116,755 115,687 112,587 113,672 120,344 "120,056 "118,325
Reserve bank credit outstanding, total 9 .do
84,680 89, 013 87,037 90,110 89,013 88,669 88,856 89,465 98,583 93,780 92,929 89,562 90,516 95,208 95,885 76,578
Time loans
do
1,258
299
1,122
103
283
73
77
60
299
231
24
177
1,539
561
1,225
U.S. Government securities
do 78,516
85,137
80, 501 79,351 80,998 80,501 81,344 81, 086 81, 418 87, 846 85,622 84, 749 81,883 82,546 86,998 87, 184
Gold certificate account
"do
11,460
11,652 11,460 11,460 11,652 11,635 11,621 11,620 11,620 11,620 11, 620 11,620 11,598 11,599 11,599
11,599
Liabilities, total 9
Deposits, total
Member-bank reserve balances
Federal Reserve notes in circulation
do
do
do
do..
106,464
31,486
27,060
65,470
30,649
25,843
72,259
31, 916
29,895
68,520
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held, total
mil $ 1 35, 068 1 36, 941 36, 796
Required
do
» 34, 806 '36,602 36,705
Excess
do
'262
91
'339
1
Borrowings from Federal Reserve banks., do
1,298
1703
1,793
1
Free reserves
do
-1,069 1 -333 -1,585
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.:
Deposits:
Demand, adjustedcf
mil. $.. 112,534 109,981 101,052
Demand, total 9
do
184,565 185,215 159, 896
Individuals, partnerships, an dcorp
do
128, 210 129,449 115, 026
State and local governments
do
7,352
7,039 6,106
U.S. Government
_
_
__do._.
7,161
1, 155
1,471
Domestic commercial banks
_ _ _ d o 25,286
31,807 23,832
Time, total 9
do
189,643 228,045 219,890
Individuals, partnerships, and corp.:
Savings
do
t
57,087
58,485 57,408
Other time
do
95, 393 122,201 118,238
Laans (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
Investments, total
U.S. Government securities, total
Notes and bonds
Other securities
do
do
do
do
270,545
110,047
9,433
28, 052
" 55,359
88, 770
112,562 112,633
111,291 122,628 116,755 115,687 112,587
113,672 120,344 "120,056 "118,325
32,780
29,860
70, 137
30,649
25,843
72, 259
33,631
28,839
69,945
32,838
28,644
70,679
32,525
27,139
70,871
41,234
32,028
71, 167
35,002
26,445
72,280
29,951
26,484
74,653
34,928
25,913
74,599
35,762
26,352
74,891
32,018
25,864
76,683
36,837
36, 579
258
1,285
-960
36,941
36,602
339
703
-333
37,492
37,556
-64
390
-441
35,565
35,333
232
147
96
34,779
34,513
266
106
153
35.134
35,014
120
110
17
34,492 34,976
34,493 34,428
-1
548
60
271
-52
278
34,482
34,265
217
211
44
34,646 "34,583
34,447 p34, 414
"169
199
"192
396
"42
-136
"34,647
"34,294
"353
"62
"319
113, 611 110,632 113,134 113,611
100,674 109,981 101,930 101, 220 104,863 102,619 101,759 107,114
165, 295 185,215 152,838 153, 243 162,031 164,368 161,170 169,097
118, 647 129,449 110, 564 112, 434 117,808 115, 788 117,375 121,565
6,046 7,039 5,999
6,043 6,418 6,714 5,970 6,413
1,852
1,471 2,007
1,440
1,281
1,425
4,905
1,330
24,901 31,807 20,630 20, 674 22,434 23,328 22, 513 24,694
34,655
34,687
-32
261
276
103,863 102,593 104,071 104,146
104,615
158,966 165,445 167,744 159,299
115,875 120,411 119,800 116, 182
5,947
6,190
6,496 5,808
1,247
859
1,070
1,243
23,360 24,635 25,790 22,104
166,973
121,338
6,006
2,380
23,960
218,965 228,045 226,719 224, 440 226,136 223,520 225,929 223,211 222,475 222,765 225,264 224,960
225,651
57,809 58,485 58,740 59, 694 62,238 62,396 64,644 65,483 65,392 65,246 65,590
117,626 122,201 120,966 118,810 119,469 113,639 113,594 112,922 113 918 114,625 116, 184
65,928
1C AAt)
67,535
115,904
280, 762 279,313 281,768 277,957
120, 611 118,946 119,751 118,190
6,530 7,040 6,605
6,842
29, 157 29,164 29,022 27,312
59, 059 58,967 59, 282 59,502
80, 820 82,680 84,254 82,267
281,814
119,049
8,200
27,308
59,449
84,343
304,318 296,656 298,518 304,318 292,477 289, 393 283,473 285,524 283,098
131,875 128,328 129,798 131,875 126,850 125, 957 125, 960 125,349 122,801
7,713
7,408
7,415
7,713
6,819
6,350
6,097 6,816
5,597
33,076 31, 408 31,874 33,076 30, 757 30, 180 29,904 29, 549 29,409
60,442 60,056 60, 116 60,442 60,095 59, 739 59,474 59, 385 59, 273
90,388 85,674 86,982 90,388 85,009 84,298 86,254 81,851 82, 124
86,982
86,825 82, W7 83,705 86,825
25,461
23, 931 20. 522 21, 951 23,931
19,932
19. 412 18,348 19. 197 19,412
62. 894 61.585 61.754 62.894
61. 523
Revised.
v Preliminary.
1 Average for Dec. § Insured unemployment (all programs) data include claims filed under extended duration provisions of regular State laws;
amounts paid under these programs are excluded from State benefits paid data.
AInsured
unemployment as % of average covered employment in a 12-month period.
9 Includes
sl
SliS?: }°wn separately.
cfFor demand deposits, the term "adjusted" denotes demand
deposits other than domestic commercial bank and U.S. Government less cash items in
599-064 O - 75 - S-3
32,823 29,470
25,976 25,740
73,626 74,207
284,614
122,326
7,326
29,978
59,209
83,864
85,200 88,743 88,861 89,863 92,200 92,547 94,303 95,624 95,413 97,672
37,270
24, 095 27,855 28, 524 30,163 32,021 32, 160 34,288 35,316 35, 010
26, 592
20,004 23,011 23, 525 24, 367 24, 935 24,764 25,239 25,243 25,988
fil.041
60.402
fii. irci fin 8R« fin 337 SQ ?nn fin i7o fin a«7 fin dOR fin ana fiO. 4&<i
process of collection; for loans, 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).
OTotal SMSA's include
some cities and counties not designated as SMSA's.
If Includes Boston, Philadelphia,
Chicago, Detroit, San Francisco-Oakland, and Los Angeles-Long Beach.
84,052
23,011
19, 619
SURVEY OF CURRENT BUSINESS
S-18
Unlera otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
1973
1975
1974
1974
Nov.
Oct.
Annual
December 1975
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FINANCE—Continued
BANKING- Continued
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates), seas. adj.:f
Total loans and investments©
bll. $
LoansO
do .
U.S. Government securities
do
Other securities
.
do
Money and Interest rates: 5
Dank rates on short-term business loans:
New York City
do
/ soutneast centers
s
o soul '**"s c
ao
~.°
Discount rate (N.Y.F.R. Bank), end of year or
month
percent-Home mortgage rates (conventional 1st mortgages):
687.0
498.2
48.7
140.1
689.3
500.7
48.8
139.8
691.0
497.6
53.3
140.1
694.7
496.4
58.7
139.6
696.1
492.4
64.4
139.3
698.3
489.6
68.8
139.9
698.8
484.5
73.0
141.3
702.1
485.8
74.0
142.3
706.1
486.9
76.3
142.9
630.3
447.3
« 687.0
« 498. 2
48.7
140.1
i 8 30
i g 06
1 R A**
i n 28
1
11. 12
i 11 gg
11 64
11.35
12 22
9.94
9.61
10 31
8.16
7.88
8.37
i g 29
i 8 34
i g 30
i g 26
i 11 27
i 11 oi
1
11 07
i 11 15
11 66
11.52
11.56
11.48
9.87
10.24
10.01
9.99
8.00
8.70
8.34
8.33
707.4
486.6
77.9
142.9
715.0
494.1
75.1
145.8
721.3
498.0
76.3
147.0
6.00
8.22
8.00
8.43
8.12
8.41
8.28
8.45
52.8
130.2
7.50
i f 10
i 3 7 95
7.75
1
8 82
690.8
502.0
49.8
139.0
692.5
503.8
49.1
139.6
8.00
8.00
7.75
7.25
6.75
6.25
6.25
6.00
6.00
6.00
6.00
6.00
6.00
9 18
9 22
9 29
9.26
9 14
8.84
8.48
8.25
7.92
7.71
7.62
7.59
7.62
I 3g 01
i g 92
1
9.02
9 17
9 51
9.27
9.58
9.37
9.60
9.33
9.53
9.12
9.40
9.06
9.28
8.96
9.11
8.90
9.04
8.96
9.05
8.89
9.08
8.89
9.13
8.94
9.13
P9.01
J>9.18
>8.08
»8.15
>7.40
38.25
29.89
29.84
28.60
2 10. 98
9.34
9.36
9.03
11.80
9.03
8.81
8.50
10.81
9.19
8.98
8.50
10.50
7.54
7.30
7.31
10.11
6.35
6.33
6.24
9.02
6.22
6.06
6.00
8.09
6.15
6.15
5.97
7.66
5.76
5.82
5.74
7.42
5.70
5.79
5.53
7.15
6.40
6.44
6.01
7.30
6.74
6.70
6.39
7.84
6.83
6.86
6.53
8.06
6.28
6.48
6.43
8.22
5.79
5.91
5.79
7.76
> 7. 041
'6.92
27.873
27.81
7.244
7.98
7.585
7.65
7.179
7.22
6.493
7.29
5.583
6.85
5.544
7.00
5.694
7.76
5.315
7.49
5.193
7.26
6.164
7.72
6.463
8.12
6.383
6.081
7.80
5.468
7.51
mil S
180 486
190 121 188, 023 188,084 190, 121 187,080 185,381 184,253 184,344 185,010 186, 099 187,211 188,821 190, 069 190, 839
do
Existing home purchase (TJ 8 aver )
147, 437
156, 124 155, 328 155, 166 156, 124 153,952 152,712 151,477 151, 271 151,610 152,668 153, 930 155, 263 156,332 156,989
do
Open market rates, New York City:
Bankers' acceptances (prime, 90 days)... do
Commercial paper (prime, 4-6 months)__do
Finance co. pa per placed directly, 3 -6 mo. do
Stock Exchange call loans, going rate
do
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent 3-6 year issues
._do
8.22
CONSUMER CREDIT
(Short- and Intermediate-term)
Total outstanding end of year or month
Installment credit, total
.
Automobile paper
.
Other consumer goods paper
Repair and modernization loans
Personal loans
do
do
do
do
51
47
7
41
130
530
352
425
51,689
52, 009
8 162
44, 264
52, 736
49, 986
8,287
44, 319
52,325
50, 401
8,260
44,180
51, 689
52,009
8,162
44, 264
50, 947
51, 142
8,048
43,815
50,884
50,136
7,966
43,726
50, 452
49, 391
7,925
43,709
50,360
49, 247
7,880
43,784
50, 465
49, 329
7,908
43, 908
50,927
49,519
7,973
44,249
51, 556
49, 637
8,040
44, 697
By type of holder:
Financial institutions, total
Commercial banks
Finance companies
do
do
do
129 305
69 495
37 243
Credit unions
Miscellaneous lenders
do
do
19 609
2 958
22 116
3,100
21,893
3,311
21, 975
3,220
22, 116
3,100
21,966
3,066
22,089
3,124
22, 227
3,279
22,415
3,208
22, 674
3,243
23, 186
3,292
23, 507
3,330
do
do
18 132
299
19, 473
286
17, 851
296
18,272
292
19, 473
286
18,804
282
18,154
280
17,878
276
17,768
275
17,852
275
17,887
276
do
do
do
do
33 049
13 241
11 753
1 488
33, 997
12 979
11,500
1 479
32, 695
13,003
11,515
1,488
32,918
12,950
14,464
1,486
33,997
12, 979
11,500
1,479
33, 128
12, 675
11,210
1,465
32,669
12,560
11,078
1,482
32,776
12,542
11, 018
1,524
33,073
12, 526
11,021
1,505
33,400
12, 443
10, 936
1,507
do
do
do
do
9 829
7 783
2 046
9,979
10, 134
8,012
2,122
10, 884
9,183
7,027
2,156
10,509
9,318
7,174
2,144
10,650
10, 134
8,012
2,122
10,884
9,315
7,162
2,153
11,138
8,542
6,468
2,074
11, 567
8,485
6,452
2,033
11, 749
8,797
6,735
2,062
11, 750
Installment credit extended and repaid:
Unadjusted :
Extended, total
A utomobile paper
Other consumer goods paper
All other
do
do
do
do
165. 083
46, 453
66 859
51 771
166, 478
42, 756
71 077
52,645
13, 837
3,544
6,013
4,280
12, 431
2,903
5 763
3,765
14, 271
2,807
7 454
4,010
11,561
2,807
5 196
3, 538
11,031
3,281
4 339
3,411
12, 411
3,515
5 144
3,752
Repaid, total
Automobile paper
Other consumer goods paper
All other
do
do
do
do
144
?9
59
46
157, 791
42 197
66 598
48, 996
13,648
3,656
5,691
4,301
12, 593
3,314
5,348
3,931
13, 313
3,443
5,846
4,024
13,733
3,549
6,063
4,121
12, 271
3 344
5 345
3,582
13, 626
3,369
5,948
4,309
12,609
3,062
5,700
3,847
12, 702
3,205
5,798
3,699
12, 859
3,348
5,430
4,081
Repaid, total
do
13 224 13 009 13 516
Automobile paper
do
3 470
3 423
3 668
Other consumer goods paper
do
5 499
6 037
5 561
Another
! ..I...'.."''
do""
4.255
4.025
3*. 811
r
Revised.
P Preliminary.
»Average for year.
a Daily average.
» Beginning Jan. 1973, data reflect changes in
sampling and weighting.
< Beginning June 30,1974, data revised to include one large mutual savings bank that merged with a nonmember commercial bank. Total loans and investments were increased by about $600 million of which $500 million were in loans and $100 million
In other securities." « Beginning Aug. 28,1974, loans sold outright to banks' affiliates reflect
13 260
3 534
5 549
4! 177
Retail outlets, total .
Automobile dealers
....
Nonlnstallment credit, total
Single-payment loans, total
Commercial banks
Other financial institutions
Charge accounts, total
Retail outlets
Credit cards
Service credit
Seasonally adjusted:
Extended, total
Automobile paper. . . .
Other consumer goods paper. . .
All other
do
do
do
do
978
452
409
117
136 651 137, 477
72 510 73, 372
38, 925 38,901
52,011
50,061
8,094
45,097
136,894 136. 651 135,148 134, 558 133, 599 133,503 133, 758 134, 781 136, 010 137, 133
72,896 72,510 71,776 71, 151 70,183 70, 134 70, 130 70,475 70, 996 71,445
38,803 38, 925 38,340 38,194 37, 910 37, 746 37,711 37,828 38, 177 38,340
52,308
50,441
8,136
45,447
52,722
50,584
8,136
45,547
71 751
38 375
138, 437
71,988
38,411
24,043
3,305
24 510
3 370
24,706
3,332
17, 920
280
18, 130
282
18 326
283
18, 552
284
33,431
12, 470
10,954
1,516
33, 281
12, 282
10, 771
1,511
33,558
12, 362
10,860
1,502
33 737 38,850
12 444 12, 405
10 926 10,900
1 518 1,505
9,341
7,268
2,037
11,616
9,449
7,361
2,088
11,512
9, 568
7,388
2,180
11,431
9,639
7,392
2,247
11,557
9,707
7,424
2,283
11, 586
9,827
7,610
2,215
11, 620
13,603
3,718
5 640
4,245
13, 799
3,797
5 894
4,178
14 682
4 225
5 953
4 504
15, 259
4 434
6 100
4 725
14,663
4 114
6 029
4,' 520
14, 791
4,096
6 308
4,387
15, 052
4,358
6,260
4,433
13,646
3,947
5,889
3,810
13,809
3 810
5,784
4,215
13, 460
3 692
5 742
4,026
13 624
3 763
5 763
4 098
13 997
3 805
5 982
4*210
13,330
3 659
5 605
4,066
13,722
3,799
5,928
3,995
14,395
3,944
6,117
4,334
13,465
3. 856
5.561
4,048
12,797
3,419
5,535
3,843
13, 181
3,454
5,584
4 143
13, 149
3,467
5, 757
3,925
13, 959
3 752
5 976
4 231
14
4
5
4
378
073
927
378
14 358
3*932
6 077
4 349
14, 973
4,173
6,342
4, 458
14, 762
4,143
6,148
4,471
13 228
3 605
5 639
3.991
13 234
3 772
5 708
3.754
13 4^3
3 719
5 632
4.072
13 °74
3 6°5
5 694
3.955
13 537
3 728
5,799
4.010
13 509
3 690
5 860
3.959
13 858
3 890
5 826
13 916
3 727
6 090
4.099
14,046
3,749
5,978
4,319
4*. 212
100 AAfi
a new definition of the group of affiliates included, and a somewhat different group of reporting
banks; total loans were $500 million less than they would have been on the old basis. O Adjusted to exclude interbank loans.
§ For bond yields, see p. S-21.
t Beginning Jan. 1959,
monthly data have been revised to reflect new seasonal factors and adjustment to bench
marks for the latest call date (June 30,1973). Revisions are in the Nov. 1973 Federal Reserve
Bulletin.
SURVEY OF CURRENT BUSINESS
December 1975
Unless otherwise stated In footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1973
1975
1974
1974
Oct.
Annual
S-19
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FINANCE—Continued
FEDERAL GOVERNMENT FINANCE
Budget receipts and outlays:
Receipts (net)
Outlays (net)
Budget surplus or deficit (— )— „
mil. $... 232,225 i 264,932 19,633 22, 292 24, 946 25, 020 19, 975 20, 134
do
246,526 1 268,392 26,460 24, 965 27, 442 28,934 26,200 27,986
do
-14,301 i -3,460 -6,827 -2, 673 -2, 496 -3, 914 -6, 225 -7,852
13,460
13,009
1451
6,827 2,673 2,496
721 4,500
5,077
6,206 -1,827 -2,581
3,914
3,667
247
31, 451 12, 793
29, 601 28,186
1,850 -15,394
6,225
7,852 -1, 850
4,535 11, 249
7,485
9,335
1,690 -3,397
31,817 '20,055 '23,604 28, 615
30,296 ' 31,107 ' 30,654 29, 044
-429
1,521 -11, 052 -7, 050
15,394 -1,521 11, 052
567
7,800
8,556
6,838 -2,088 3,252
7,050
429
8,463
7,189
-139 -8,034
Budget financing total
Borrowing from the public
Reduction in cash balances
do
do
do
i 14,301
i 19,275
i -4,974
Gross amount of debt outstanding
Held by the public
do
do
468,426 1 486,247 491, 646 496, 768 504,031 505, 482 510, 747 520,701 527, 744 539, 157 544, 131 549, 157 558,637 564,582
i 343,045 1 346,053 351, 270 355,770 360,847 364, 514 369, 049 380, 298 387,783 396,339 396, 906 404, 707 411,895 420, 358
Budget receipts by source and outlays by agency:
Receipts (net) total
mil $
Individual Income taxes (net)
do
Corporation income taxes (net)
do
Social insurance taxes and contributions
(net)
mil $
Other
do
Outlays total 9
do
Agriculture Department
clo
Defense Department, military
do
Health, Education, and Welfare Department
mil. $_.
Treasury Department
do
Veterans Administration
do
i 232,225 i 264,932 19,633
1 103,246 1 118,952 10, 590
1,206
i 36, 153 138,620
22, 292
10,832
797
24,946
10,799
6,268
25, 020
15, 487
1,188
19, 975
7,747
778
20,134
4,134
6,579
31, 451 12,793
16, 065 -1,630
5,093
1,174
31, 817 '20,055 '23,604
13,123 9,615 10, 403
1,367
9,578
620
28, 615
13, 609
6,013
i 64,542 i 76, 780
128,286 1 30, 582
5,142
2,696
7,748
2,916
5,441
2,438
5,674
2,672
8,979
2,471
6,870
2,552
8,126
2,168
10,588
2,661
6,431
6,128
9,713
2,685 r 2, 944 '2,869
6,280
2,712
' 246,526 268,392
U0.028 19,767
i 73, 297 177,625
26, 460
763
7,246
24, 965
489
7,389
27,442
905
7,258
28,934
1,545
7,231
26,200
768
7,044
27, 986
829
7,300
29, 601
1,029
6,989
28, 186
890
7,627
30,296 r 31, 107 ' 30,654
1,161
'995
'954
7,216 '7,047 ' 7, 572
29, 044
1,201
6,877
182,042 193,375
i 30, 959 135,993
13,311 i 3, 252
ill,9«8 113,337
9,040
4,177
281
1,217
9,132
2,852
297
1,338
9,437
2,678
288
1,633
9,789
3,244
298
1,397
9,217
2,739
283
1,581
9,728
2,921
315
1,402
10, 130
4,459
287
1,505
9,680
2,802
301
1,462
9,916
4,576
185
1,407
10, 414
2,954
313
1,333
10, 150
4,289
368
1,364
10, 152
2,885
310
1,449
Receipts and expenditures (national Income and
product accounts basis), qtrly. totals seas. adj.
at annual rates:
Federal Government receipts, total
bil. $..
258. 5
291. 1
294.7
284.1
251.8
'295.8
Corporate profit tax accruals
do
Indirect business tax and nontax accruals. do
Contributions for social insurance
do
114.1
43.7
21.2
79.5
131.3
49.1
22.0
88.7
136.8
45 7
22.2
90 0
136.2
34 1
22.9
90.9
99.1
37.5
23.8
91.3
131.5
'45.3
25.6
93.3
do
264.2
299.1
319 3
338.5
355.0
362.7
do
106.6
74.4
116. 9
78.7
124. 5
84.0
1°6 5
84 7
128.4
84.8
130.5
86.1
95.5
40.5
16.3
117.0
43.8
18.8
127.2
45.5
19 7
138.5
50.2
19.7
149.9
52.2
21.1
151.1
55.9
21.4
5.3
2.1
2.3
3.5
3.5
3.9
do
.0
-.5
.0
.0
.0
.0
do
-5.6
-8.1
-24.5
54.4
-103.3
' -67. 0
bil $
do
do
do
do
252. 44
11.40
117.72
81.37
75.35
263.35
11.96
118. 57
86.23
79.91
261.18
11.80
119.22
85.02
78.74
262.25
11.87
119.25
85.48
79.19
263.35
11.96
118.57
86.23
79.91
266. 82
12.06
121. 99
86.53
80. 23
269.72
12.16
124. 16
86.93
80.55
272. 14
12.34
125. 51
87.19
80.77
273. 53
12.37
126.26
87.64
81.13
275. 82
12.46
127. 85
87.88
81.34
278. 34
12.56
129. 84
88.04
81.46
279.35
12.81
130. 30
88.16
81.57
280.48
11.79
130.66
88.33
81.71
281.85
13.15
131. 52
88.45
81.80
284.83
13.79
133.24
88.66
81.98
7.69
20.20
2.07
11.99
8.33
22.86
2.00
13. 39
8.14
22.47
1.44
13.09
8.21
22.68
1.38
13.39
8.33
22.86
2.00
13.39
8.31
23.06
1.59
13. 29
8.40
23.22
1.51
13.33
8.58
23. 39
1.69
13.44
8.78
23.46
1.48
13.53
8.84
23.57
1.50
13.71
8.99
23.68
1.49
13.75
9.06
23.79
1.40
13.83
9.11
23.92
1.46
13.99
9.01
24.05
1.49
13.98
9.36
24.17
1.46
14.16
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance):
Value, estimated total
_
mil. $.. 234, 191
Ordinary (Incl. mass-marketed ord.)— .do... 162,506
64,461
Group
do
7,224
Industrial
do
298, 203
182, 287
108, 900
7,016
23,283
16, 294
6,370
619
22,842 2 35,571
15, 109 16,953
7,170 2 18,111
563
507
19, 470
12, 969
5,996
505
19, 710
13, 292
5,852
566
23, 562
14,851
8,113
598
23, 113
15, 893
6,628
592
24,002
15, 387
7,932
683
23,485
15, 623
7,250
612
21,914
15, 349
5,979
586
23,353
14, 920
7,815
618
23,390
15, 495
7,350
545
24, 510
17, 111
6,791
608
11, 652
230
228,480
396,679
11, 567
17
14,759
35,839
11, 567
10
8,568
28, 542
11,652 11,635 11,621
19
1
27
11,476 120, 138 66. 157
36, 702 219, 648 17, 798
11, 620
0
36.518
3,975
11, 620
0
67, 117
27, 714
11, 620
0
20, 753
16,562
11, 620
15
38, 627
18, 359
11,618
0
27, 117
18, 152
11, 599
0
54, 603
12, 916
11,599
8
10,883
44,954
11, 599
44
1,073.6
75.0
1,038.3
70.9
87.4
6.8
84.9
5.8
73.9
5.8
77.7
5.5
76.4
5.6
78.5
5.4
80.6
5.9
79.4
6.6
81.9
5.1
82.8
6.1
82.8
84.4
thous $
27,637
268.644
do
dol. perfineo z _ _ 2.558
81,651
501,521
4.708
5,268
37, 861
4. 830
8,177
43, 846
4.694
7,676
42, 601
4.391
4,654
22, 058
4.192
9,965
26, 122
4.370
23,644
36, 172
4.332
11, 173
28, 586
4.209
11,954
31,440
4.538
5,029
28,368
4.489
37,820
22, 148
4.704
9,465
25, 222
4.925
4,975
27,980
1. 516
52 583
3 54fl
5 4R1
S.fiOO
3. 135
Federal Government expenditures, total
National defense
Transfer payments
do
Grants-in-aid to State and local govts
do
Net interest poid
do
Subsidies less current surplus of government
enterprises
bil $
Less* Wage accruals less disbursements
Surplus or d6ficit(— )
LIFE INSURANCE
Institute of Life Insurance:
Assets total all TJ S life insurance cos
Government securities
Corporate securities
Mortgage loans, total
Nonfarm .
Real estate
Policy loans and premium notes
Cash
.
Other assets
do
do
do
do
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of period). -.mil. $.. 11,567
Net release from earmark §
do. . -1,538
Exports
thous.$__ 145,965
Imports..
do
356, 150
Production :f
South Africa
Canada
Silver:
Exports
Imports
Price at New York
Production:
TTnitort St.ftt.ns
mil $
do
t.hrms f"m» nr.
49 £ftft
r
Revised.
» Preliminary.
i Data shown in 1973 and 1974 annual columns are for
fiscal years ending June 30 of the respective years; they include revisions not distributed
to months.
* Includes $907 mil. Vets group life ins.
9 Includes data for items not
4.329
4.332
3.834
2.912
a. 132 2.523 2.132 1.926 3.010 3,193 3,832
HValued at $38 per fine ounce
shown separately.
§ Or increase in earmarked gold (—).
from Jan. 1972-Sept. 1973, at $42.22 thereafter.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated in footnotes below, data
through 1972 and descriptire notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1973
1974
Annual
December 1975
1974
Oct.
Nov.
1975
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov
FINANCE—Continued
MONETARY STATISTICS- Continued
bil. $.
72.5
79.7
75.9
77.8
79.7
76.3
76.8
78.1
78.4
79.8
81.2
81.5
81.9
81.7
82.3
Money supply and related data (avg. of daily fig.) :$
Unadjusted for seasonal variation:
Total money supply
- bil. $
Currency outside bank s__ _ .
do
Demand deposits
do
Time deposits adjustedl _
_.do
U.S. Government demand deposits!!
do —
263.8
59.3
204.4
345.3
7.1
278.7
64.9
213.8
397.0
5.6
281.2
66.4
214.7
413.3
3.7
285.1
67.9
217.3
411.7
3.4
292.3
69.0
223.3
416.8
4.9
288.6
67.8
220.9
424.0
4.0
279.4
67.8
211.6
426.5
3.3
282.2
68.8
213.4
430.5
3.8
287.3
69.1
218.2
431.8
4.0
283.7
70.0
213.7
434.5
4.1
291.1
71.2
219.9
436.7
4.1
293.1
71.9
221.1
438.3
3.3
290.9
72.2
218.7
440.2
2.6
292.8
71.9
220.9
442.6
3.8
293.5
72.5
221.0
446.7
3.3
281.6
66.5
215.2
412.1
283.6
67.4
216.2
413.6
284.4
67.9
216.5
419.4
281.6
68.2
213.4
426.0
282.4
68.7
213.7
428.8
285.0
69.4
215.6
429.9
285.8
69.5
216.3
431.5
288.5
70.2
218.3
432.9
293.0
71.1
221.9
437.1
293.5
71.3
222.1
439.1
294.2
71.9
222.3
437.4
294.7
294.0 P 297.0
72.0
73.3
72.6
222.7 ' 221. 5 223.7
440.7 '445.7
450. G
127.0
316.8
84.1
127.3
67.5
131.8
324.6
87.5
131.5
70.6
128.0
312.8
86.6
131.8
69.3
127.3
321.8
83.5
125.9
67.3
133.4
343.2
85.8
127.4
69.6
125.1
320.4
82.2
118.2
67.8
127.8
330.3
82.1
115.5
68.8
129.2
333.9
83.0
121.3
68.2
124.6
328.6
80.2
115.3
66.7
126.4
331.0
81.7
116.4
68.2
130.4 ' 128. 8
330.7
335.0
' 85. 1
86.2
124.4 ' 123. 8
71.2
70.0
Currency In circulation (end of period)
Adjusted for seasonal variation:
Total money supply
Currency outside banks
Demand deposits
Time deposits adjusted^
do
do
do
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 SMS A
do
Total 232 SMSA's (except N.Y.).
do.
6 other leading SMSA'stf
do....
226 other SMSA's
. do. .
102.6
297.5
70.4
108.8
55.8
120.1
290.9
81.9
123.6
65.8
248,259
23,723
2831
58, 747
4,601
780
13. 433
1,271
82
9,285
920
-66
12, 455
1,315
21,427
2 5, 670
2,287
7,175
511
1,513
374
1,487
429
1,721
2 « 7, 759
Petroleum and coal products
do
21,266
Stone clay and glass products
do
21,343
Primary nonferrous metal
do
21,695
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery, and transport, equip.)
mil. $_. 22,207
14,483
1,204
2,035
3,149
3,714
186
290
815
1,859
2,197
274
204
504
2,837
604
490
694
24,936
23,883
5,648
2,940
1,330
562
1 417
537
1 641
637
2933
24,122
27,079
1,127
1,955
8,524
217
556
1,781
••18
1,168
374
565
1,858
do
217,734
19, 467
5,282
4,904
5,114
mil $
32,960
40,009
4,713
3,932
3,483
5,523
4,957
5,497
4,477
5,979
5,755
4,446
do
20,853
31, 532
3,778
3,346
3,033
4,729
3,853
4,432
3,153
4,182
4,376
3,376
do
do
7,648
3,375
4,017
2,254
635
196
300
93
301
152
354
235
449
173
644
253
899
347
984
346
775
230
459
196
mil $
do
do
do
31,871
4,837
1,061
10,271
37,842
10, 026
980
12,831
4,538
693
15
2,086
3,734
1,683
40
962
3,409
1,633
23
624
5,214
1,848
188
1,269
4,474
I,b75
59
1,957
5,322
2,479
72
1,507
4,417
1,722
209
1,408
5,512
2,479
159
1,548
5,380
2,303
132
1,479
4,031
1,090
302
1,019
1,066
4,902
8,096
1,014
3,934
6,850
301
471
866
336
87
433
14
175
838
23
932
914
23
124
571
38
317
637
59
563
163
281
413
409
186
362
643
254
263
1,044
22, 824
29,041
2,319
2,365
2,245
2,540
1,407
2,536
2,159
2,26o
2,329
2,270
2,038
2,832
2,263
3,094
2,532
3,801
3,001
2,o99
3,434
1,691
P 298.6
73.8
224. a
447.6
3.4
134.0
364.0
83.5
118.7
69.8
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade Comm.):
Net profit after taxes all industries
mil $
Food and kindred products
do
Textile mill products
do
Lumber and wood products (except furniture)
mil $
Paper and allied products
do
Chemicals and allied products
do
Machinery (except electrical)
do
Transportation equipment (except motor
vehicles etc )
mil $
Motor vehicles and eouipment
do
All other manufacturing industries
do
Dividends paid (cash) , all industries
42
—11
265
732
-96
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds total
By type of security:
Bonds and notes, Corporate
Common stock
Preferred stock
By type of issuer:
Corporate total 9
Manufacturing
Extractive (mining)
Public utility .
Transportation
Communication
Financial and real estate
Noncorporate, total 9 _
U 8 Government
State and municipal
State and municipal Issues (Bond Buyer):
Long-term
Short-term
do
do
do —
do .
do
do. -
67, 184
19,057
22, 760
do.
do
22,953
24, 667
2,692
1,377
2,112
2,427
' 2, 276
' 2, 623
2,261
2,016
SECURITY MARKETS
Stock Market Customer Financing
Margin credit at brokers and banks, end of month,
16,382
'4,836 '5,026 ' 4, 994 ' 4, 836 ' 4, 934 '5,099 ' 5, 164 '5,327 ' 5, 666
total
mil $
' 3, 980 ' 4, 110 ' 4, 103 ' 3, 980 '4,086 ' 4, 269 '4,320 '4,503 '4,847 ' 5, 140 '5,446
5,365
5,399
15,251
At brokers
do
856
891
916
844
856
848
830
824
819
i 1, 131
At banks
do
Other security credit at banks
do
Free credit balances at brokers:
411
410
411
431
410
515
1,500
U54
505
520
519
557
516
478
Margin accounts
do
1,424
1,447
1,424
1,760
1,419
1,604
472
1,455
11,700
1,446
1,790
1,710
1,705
1,790
Cash accounts
_
_
.do
9
factors; regular benchmark adjustment; effect of changes in check collection procedures
Revised.
* Preliminary.
1 End of year.
* Beginning fourth quarter 1973, be(Regulation J): and adjustments to include new figures from internationally oriented bankcause of changes in method of consolidation (to minimize the effect of foreign operations of
ing institutions. Monthly revisions back to 1971 are in the Feb. 1974 Federal Reserve Bulletin.
multinational enterprises), data are not comp
IIAt all commercial banks.
of the change can be assessed by compi
GTotal SMSA's include some cities and counties not designated as SMSA's.
quarter 1973 (June 1974 Survey) with •„
„
-,
,
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland and Los
for petroleum refining only; data are not comparable with those for earlier periods.
4
Angeles-Long Beach.
Beginning Jan. 1974, does not include noncorporate bonds and notes formerly included.
©Effective February 1974 SLVREY, data revised to reflect: Annual review of seasonal
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
December 1975
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
1973
1975
1974
1974
Oct.
Annual
S-21
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FINANCE—Continued
SECURITY MARKETS-Continued
Bonds
Prices:
Standard & Poor's Corporation:
High prade corporate:
Composltec?1
dol per $100 bond
Domestic municipal (15 bonds)
.do
63.6
85.4
58.8
76.1
55 8
72.6
56 3
72.6
56 1
68.6
56 4
70.9
56 6
74.1
56 2
70.9
55 8
69.4
56 6
69.6
56 7
69.8
56 6
68.5
55 6
68.3
55 8
66.0
56 0
66.0
56 3
66.2
62.80
57.47
55 69
57 80
58 96
59 70
60 27
59 33
57 05
57 40
58.33
58.09
56.84
55 23
55.23
55.77
fiales:
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
Market value
_
mil. $ 8,294.99 6,456.77
Face value
do... 9, 420. 76 8, 120. 18
670 29
878 54
601 54
742 60
524 28
712 46
755 15 841 10 728 19
932 49 1 013 36 875. 22
790 03
891 57
753 75
892 55
810. 14
919. 28
808 39
938 49
634 83
709. 89
do... 7, 865. 38 6, 193. 81
do__. 8, 736. 82 7, 740. 56
651 20
845 57
584 71
715 25
510 59
687 44
731 01
892 61
813 00
967 30
706 78
840 85
768 72
858 08
728 55
855 32
783 46
883. 08
784 10
904 23
621. 81
690. 36
New York Stock Exchange, exclusive of some
stopped sales, face v a me, total
mil. $ 4, 424. 67 4, 052. 12
416 54
369 31
389 16
490 14
482 88
454 22
473 81
449 34
487 41
478 39
343 37
340 74
416 62
341 97
9 80
9 60
9 56
9 55
9 33
9 28
9 49
9 55
9 45
9 43
9 51
9 55
9 51
9 44
0 QQ
8
S
8 81
9 47
10 43
8 67
8 80
9 33
10 29
Q QC
Q
Q
Qt
9
1ft
8
9 ftfi
9 01
9 83
9 32
6.66
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
.percent
7.80
8.98
do
do
do
do
7
7
7
8
44
(J6
84
24
8 57
8 67
9.16
9.50
0
9
10
10
do
do
do
7 60
7 83
8 12
8.78
9.27
8.98
Domestic municipal:
Bond Buyer (20 bonds^
Standard & Poor's Corp. (16 bonds)
do
do
5 22
5.18
U.S. Treasury bonds, taxable©
do...
By group:
Industrials
Public utilities... __
Railroads
89
13
87
50
9 no
9 75
10 55
9 53
10 31
9 64
9 27
10 12
9 58
1ft ft9
ift in
CQ
Q ^9
6.26
6.09
6 65
6.46
6 71
6.47
7 ftR
6.30
6.98
7.22
6.93
6.78
9.58
10.46
5.01
4.03
7.53
12.13
10.63
11.82
4.83
4.27
8.09
13.25
11 01
12 27
4 83
4 47
8 13
13.50
10.72
11.82
4.83
4.47
8.14
13.51
285.44
356. 26
71.21
79.72
220.35
270. 42
48.26
77.16
200.62
243 12
42 91
76 17
188. 45
226. 96
41.67
74 09
185 68
222 71
41 17
73* 78
5.49
5 05
11 26
5 87
4 39
5.63
5.69
5 21
11 59
6.03
4 46
5.47
11 73
6 21
4 'ftfi
5 32
27
40
10
41
8
9
9
10
9 23
9
6.93
00
CO
QA
8
8
9
10
77
94
67
40
8
8
9
10
84
94
63
33
8
9
9
10
95
03
70
35
9 no
9 63
10 34
9 04
9 79
10 46
9 05
9 67
9 25
9 30
9 39
9 37
9 93
9 49
9 29
9 81
9 40
9 26
9 81
9 37
9 29
9 93
9 41
9
9
9
6 55
6.30
6 93
6.61
6 95
6.83
7 09
6.81
6 96
6.76
7 09
6.94
7 18
7.02
7 c/7
6.68
6.61
6.73
7.03
6.99
6.86
6.89
7.06
10 82
11 93
4 96
4 58
8 30
13.51
10 52
11 47
4 96
4 58
8 30
13.56
10.52
11 48
4.96
4 58
8 50
13.56
10 49
11 43
4 gg
4 58
8 50
13.56
10 42
11 34
4 96
4 46
8 50
13.56
49
52
96
42
50
56
10.47
11 51
4 97
4 14
8 50
13.56
10.47
11 49
4.97
4 14
8.50
13.56
220.27
267 46
49 13
81 64
224. 15
275 47
47 80
79 22
234.59
290 62
46 99
82 55
244. 75
304 66
49 62
80 80
251 22
312 67
55 06
234.44
291 42
51 58
76 11
230. 57
288 52
51 33
74.34
4 78
4 29
10 10
5 61
4 15
5.20
4.69
4 17
10 38
5.78
4 34
5.03
4 47
3 93
10 56
5 55
3 99
4.94
4.26
3 72
10 00
5 52
3 96
4.35
4 18
3 68
9 01
5 33
3 67
4.20
4 47
3 95
9 64
5 44
4 06
4.63
4.47
3 98
9 68
5 57
4 36
4.83
78
97
67
33
(i)
5 19
4 77
10 00
5 73
3 95
5.32
8
8
9
10
(i\
42
16
60
95
0ft
(\\
ft QQ
Q 7*»
•in co
9 19
6
EA
Q
00
Q 74.
10 38
9 74
10 37
9 32
q 94
9 40
9 27
9 83
9 36
7.23
7 36
7.22
7 31
7.21
7.29
7.29
7.21
0C
QO
49
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
10
11
4
4
8
13
74
84
83
58
30
51
10
11
4
4
8
13
Price per share, end of mo., composite
Industrials
Public utilities....
Railroads
do
do
do
do
Yields, composite
Industrials
Public utilities
Railroads
_
N.Y. banks
Property and casualty insurance cos
percent..
do_.
do....
do
do....
do
3.36
2.94
7.04
5.06
3.06
3.45
4.82
4.37
10.01
5.53
4.01
5.14
Earnings per share (indust., qtrly. at ann. rate;
pub. util. and RR., for 12 mo. ending each qtr.):
Industrials
dollars
Public utilities
do
Railroads
do
26.00
7.55
7.60
27.69
7.63
9.81
7.23
8.24
8.78
8.60
8.78
8.33
8.07
8.04
8.27
8.51
8.34
8.24
8.41
8.56
8.58
8.50
286. 73
923.88
103.39
180. 55
237.33
759. 37
75.84
164.05
202.89
638.62
66.58
143.43
206.86
642.10
68.54
149. 92
194. 39
596. 50
67.05
141. 10
215. 31
659. 09
77.46
153.06
231. 8*5
724.89
81.02
159. 91
240. 18
765.06
78.90
162. 28
244.32
790. 93
75.77
166.35
254.71
836. 58
77.29
169.69
259.00
845. 70
83.87
168.40
260.30
856.28
82.68
167. 98
246. 22
815. 51
77.92
156. 32
246.02
818. 28
77.32
155.11
253. 38
831. 26
80.99
164.17
259. 28
855. 51
82.94
170. 59
Dividend yields, preferred stocks, 10 high-grade
(Standard & Poor's Corp.)
percentPrices:
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.
5 78
5
QO
208
250
49
79
18.84
7.70
8.80
28 31
7 70
9 81
00 QC
(i)
22.91
7.80
7 45
107. 43
82.84
69.44
71.74
67.07
72.56
80.10
83.78
84.72
90.10
92.40
92.49
85.71
84.67
88.57
90.07
do... 120.44
118. 57
do
107. 14
do
do..- 53.47
38.01
do
92.91
92.84
78.08
38.91
37.29
77.57
77.49
62.79
33.80
33.70
80.17
79.35
65.84
34.45
35.95
74.80
74.06
62.51
32.85
34.81
80.50
77.10
67.91
38.19
37.31
89.29
88.50
75.06
40.37
37.80
93.90
92.78
80.42
39.55
38.35
95.27
96.76
80.75
38.19
38.55
101.56
101. 95
85.15
39.69
38.90
103.68
101. 15
85.98
43.67
38.94
103.84
101. 15
86.58
43.67
38.04
96.21
93.05
78.29
40.61
35.13
94.96
93.61
77.25
40.53
34.93
99.29
95.77
83.07
42.59
36.92
100.86
97.35
88.01
43.77
37.81
Banks:
64.44
New York City (9 stocks)
do. .
Outside New York City (16 stocks). ...do—. 104.34
54.16
83.89
44.15
65.48
47.51
70.52
44.43
65.05
50.58
73.52
53.46
76.33
52.58
76.76
54.75
79.64
57.17
83.76
57.77
87.19
58.13
90.44
51.33
83.01
46.72
78.64
44.84
79.21
45.56
80.01
Industrlal, total (425 stocks) 9
Capital goods (110 stocks)
Consumers' goods (184 stocks)
Public utility (60 stocks)
Railroad (15 stocks)
66.22
81.06
Property -liability insurance (16 stocks)., do .... 119.00
77.71
84.15
l
' Revised.
* Preliminary.
'Estimate.
Series discontinued by Moody's.
cf Number of issues represents number currently used; the change in number does not
affect continuity of the series.
J Prices are derived from average yields on basis of an
79.71
84.98
86.29 84.76
96.72
95.98
88.23
81.68
85.19
94.63
assumed 3 percent 20-year bond.
O For bonds due or callable in 10 years or more.
9 Includes data not shown separately.
92.70
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
1973
1974
| 1974
Annual
December 1975
Oct.
Nov.
1975
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Con tinued
Prices— Continued
New York Stock Exchange common stock indexes:
Composite
12/31/65=50..
Industrial
do
Transportation
do
Utility
do
57.42
63.08
37.74
37.69
70.12
43.84
48.08
31.89
29.79
49.67
36.62
39.81
27.26
26.76
39.28
37.98
41.24
28.40
27.60
41.89
35.41
38.32
26.02
26.18
39.27
38.56
41.29
28.12
29.55
44.85
42.48
46.00
30.21
31.31
47.59
44.35
48.63
31.62
31.04
47.83
44.91
49.74
31.70
30.01
47.35
47.76
53.22
32.28
31.02
50.06
49.22
54.61
32.38
32.79
52.20
49.54
54.96
32.90
32.90
52.51
45. 71
50 71
30.08
31.02
46.55
177,878
5 723
118,252
4 839
10,034
465
9,445
448
7,904
406
9,801
488
14, 148
609
13, 810
585
14, 498
563
15, 982
612
14, 797
590
16, 107
625
11,155
405
146, 451
4 337
99, 178
3 822
8,510
377
7,973
366
6,693
321
8,170
388
12,185
501
11, 767
473
12, 423
461
13, 602
499
12, 627
479
13,504
494
9,513
327
New York Stock Exchange:
Exclusive of odd-lot and stopped stock sales
(sales effected)
millions--
4,053
3,518
377
287
315
433
424
454
447
458
447
442
Shares listed, N.Y. Stock Exchange, end of period:
Market value, all listed shares
bll. $.Number of shares listed
__ millions..
721.01
20,967
511.06
21,737
549. 68
21, 584
524. 52
21,605
511.06
21, 737
579. 31
21,773
610. 01
21,795
626. 61
21, 822
654.66
21,899
687. 94 723.00
21,938 22,016
678.07
22,094
Bales:
Total on all registered exchanges (SEC):
^Market value
mil $
Shares sold
millions
On New York Stock Exchange:
Market value
mil $
44.97
50.05
29.46
30.65
43.38
46.87
52.26
30.79
31.87
44.36
47.64
52.91
32.09
32.99
45.10
281
275
366
319
660.95
22, 143
636.87
22, 193
672.11 692, 215
22, 245 22, 382
FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
Exports (mdse.), inch reexports, totald*
Excl Dept of Defense shipments
Seasonally adjusted
mil. $.. 71, 338. 8 98,507.2
,993.9 9,396.8 8,743.3
70,823.2 97,908.1
,926.0 9,342.6 8,702.6
8,672.8 8,972.9 8,862.1
do
do
By geographic regions:
Asia
Australia and Oceania
Europe
Northern North America
Southern North America
South America
By leading countries:
Africa:
Egypt
Republic of South Africa
Asia; Australia and Oceania:
Australia, including New Guinea
India.
Pakistan
Malaysia
_
Indonesia
Philippines
Japan
Europe:
France
do
do
do
_..do
do
do
15,118.0 19, 937. 7 2, 030. 8
5,057.4 7, 949. 0
768.9
4,857.6 7,857.3 705.2
455.2
1, 159. 9
34.5
107.7
55.4
104.2
66.6
99.5
59.2
100.9
64.8
92.9
78.9
126.9
52.5
95.7
82.0
104.8
47.8
108.6
78.0
119.3
44.0
102.8
35.1
90.4
do
do
do
do
1,449.1
£26. 7
238.9
157.4
2, 172. 5
759.8
397.6
377.2
228.2
99.4
44.6
35.8
184.3
77.2
18.9
30.1
173.3
96.6
25.2
29.3
128.4
143.8
50.5
28.4
137.0
91.7
25.9
26.7
143.6
81.0
16.6
25.5
143.6
86.9
49.9
29.1
175.4
97.5
29.5
27.0
156.0
122.3
38.9
31.1
134.2
109.5
21.3
31.0
159.7
119.7
32.8
42.9
153.6
116.0
22.0
57.4
69.0
41.7
57.2
64.7
881.9 1, 093. 7
47.1
51.9
899.5
66.7
70.3
956.9
37.8
64.5
833.6
76.2
72.6
827.4
77.8
57.5
757.5
92.7
64.5
785.8
78.0
71.7
783.9
78.7
74.7
773.6
62.0
67.2
793.2
55.8
72.3
724.9
442.1
530. 5
do
495.4
746.7
do
8, 313. 1 10, 678. 6
do —
do
do
do
do
2,118.6
1, 194. 1
3,563.6
Excluding military grant-aid
Agricultural products, total
Nonagricultural products, total
, 586. 8 1, 623. 6 1, 819. 2 1,979.5 1, 968. 0 1, 891. 7 1,625.0 1,620.2 1,848.6
720.7 665.0 679.1 680.4
725.5
621.6
633.5
713.7
671. 3
664.0
725.1
685.6
799.0 789.3 674.0 786.3 704.3 719.9
225.4
746.3
Italy
Union of Soviet Socialist Republics
United Kingdom
Venezuela
,849.6 1,688.7
707.4
742.8
731.7
835.1
do
do
West Germany
Latin American Republics, total 9
Argentina
Brazil...
Chile
Colombia
,545.5 9,466.5 9,074.4 8, 952. 8 8,691.0 8, 265. 4 8,480.6 8,424.4 9,749.7
,123.9 8,499.8 9,437.6 9, 012. 7 8,901.8 8,630.7 8,236.0 8,470.8 8,398.8 9,718.1
,411.9 8,789.0 8,715.9 8, 569. 6 8, 145. 1 8,691.5 8,884.6 8,996.2 9, 165. 0 9, 288. 1
449.5 423.2 427.1 382.5 347.2
396.6
470.7
2, 305. 8 3,659.4 360.2 343.5 370.1 396.6 368.4
18,418.7 25, 784. 4 2. 172. 0 2,431.7 2, 292. 2 2, 596. 2 2, 182. 7 2, 378. 5 2, 260. 6 2,317.9 2, 435. 0 2, 300. 1 2,388.6 2, 287. 9
172.7
175.6
211.3
192.8
194.4
191.6
197.9
240.9
163.2
182.9
1, 743. 9 2, 696. 8 279.0 231.5
23, 160. 6 30, 070. 1 2,596 3 2, 925. 6 2, 595. 0 3,063.6 2, 857. 1 3, 092. 5 2,685.7 2,573.7 2. 269. 7 2,327.1 2,454.7 2,400.2
2, 262. 9
28.0
3, 755. 7
North and South America:
Canada
,202.8
do
2, 941. 5
20.9
4, 985. 6
245.5
3.7
435.8
270.3
1.7
507.7
263.8
.2
409.7
257.7
1.5
518.8
280.8
.3
411.7
315.8
.3
494.9
274.2
1.1
429.8
259.1
1.2
410.4
228.7
.7
347.7
223.3
3.3
355.9
213.4
.4
387.9
214.5
.8
389.5
2, 751. 6
608.8
4,573.5
215.8
45.2
437.0
260.5
46.9
481.7
249.1
105.6
373.5
236.0
95.3
472.2
291.2
93.8
429.4
284.1
87.0
462.5
230.6
77.9
368.5
257.8
92.7
357.2
2?1 4
76.6
330.1
228.3
120.6
360.7
255.1
151.1
325.8
194.6
147.6
341.0
15, 104. 0 19, 932. 0 2,030.0 1, 849. 4 1,688.5 1, 585. 9 1, 623. 4 1,819.0 1,979.4 1, 964. 7 1,889.2 1,624.7
do
8,921.3 14,503.5 1, 346. 6 1,359.8 1,432.2 1, 264. 9 1,201.5 1,382.7 1,382.4 1,277.3 1,344.6 1, 266. 1
do
29.0
41.2
50.7
69.8
80.7
76.1
66.4
75.3
62.1
451.3
55.5
596. 6
do__ .
255.3
222.9 291.3
234.5
283.1
197.6
265.5
264.6
205.2
1, 916. 2 3, 088. 8
249.1
do
45.4
40 6
41.8
56.4
78.3
60.3
57.7
248.4
49.1
43.9
452.2
40.9
do....
60.5
60 9
60.4
50.5
60.9
50.5
60.3
45.2
54.5
659.4
436.5
54.0
do
431.6
448.5 417.2
442.0 400.3 389.2
455.2
433.8 464.0
2, 937. 4 4, 855. 3
482.2
177.3
191.0
175.0
209.3
183.1
172.4
181.9
188.9
1,032.5 1, 768. 0
193.3
169.6
do
70, 246. 0 97,144.2 8,847.6 9,277.8 8.632.8 9, 027. 5 8,414.6 9,324.1 8,945.9 8,837.3 8,551.1 8,159.0
69, 730. 4 96,545.0 8.779.8 9,223.6 8,502.1 8,948.7 8,368.9 9, 295. 2 8,884.1 8, 786. 3 8, 490. 8 8, 129. 6
...do
17, 680. 6 21.996.1 1,711.9 2,352.5 2,119.5 2, 459. 1 1,920.3 1,911.1 1,757.6 1,496.4 1.389.7 1,532.4
do
do ... 52, 565. 4 75,147.4 7,135.9 6,926.0 6,513.5 6, 568. 4 6,494.3 7,413.1 7, 188. 2 7,340.9 7, 161. 4 6,626.6
1,620.0 1,848.5
1,285.1 1, 185. 2
42.4
37.3
269.3 243.8
26.2
28.9
55.3
41.6
419.2
385.1
181.4
198.7
8,387.0
8,377.1
1,600.7
6,786.2
8,302.7
8, 277. 2
1,609.9
6,692.8
By commodity groups and principal commodities:
Food and live animals 9
mil. $._ 11,930/2 13,985.9 1, 170. 6 1, 444. 1 1, 324. 8 1, 643. 7 1, 338. 2 1, 276. 6 1,219.6 1,028.4 1,060.3 1, 114. 7 1, 182. 6 1, 244. 3 1,475.6
45.7
49.7
47.0
41.7
39.9
444.2
27.2
28.9
33.0
380.7
32.6
43.3
34.9
39.3
Meats and preparations (incl. poultry) ._ do
933.3
743.8 809.0 876.7
8,495.8 10,330.9
976.6
884.2 711.0
824.2 1, 103. 9 1,041.1 1,333.9 1,047.5
128.6
105.7
104.7
71.5
79 8
1, t08. 1 1,247.4
122.9
98.1
120.1
140.7
101.6
141.1
86.6
124.1
Beverages and tobacco
do
775.5 693.5 876.2
757.6
765.8 668.4
924.2 1, 026. 0
839.0 892.3 810.7
67.6
86.0
90.8
85.9
95.2
120.2
88.2
100.4
104.7
90.8
145.2
200.4
185.9
155.6
83.8
378.4
246.5 273.7
236.0
320.9
106.4
112.6
111.7
142.2
130.6
130.2
122.4
107.4
113.5
123.5
Metal ores, concentrates, and scrap
do
r
NOTE FOR PAGE S-25: *New series. Source: U.S. Dept. of Labor, BLS. The index
Revised.
measures changes in prices of shipping goods by rail in the U.S. (shipments priced were
cf Data may not equal the sum of the geographic regions, or commodity groups and principal
selected from ICC railroad waybill sample) and is not affected by changes m quantity, shipcommodities, because of revisions to the totals not reflected in the component items; these
ping terms, types of service, etc. Data back to 1969 (and detail for 11 commodity groups),
revisions will be shown later in biennial editions of BUSINESS STATISTICS. Also, beginning
concepts, methods, uses, and limitations appear in MONTHLY LABOR REVIEW (BLS), June
1973, the totals reflect relatively small amounts of trade with unidentified countries, not shown
1975.
separately.
9 Includes data not shown separately.
Crude materials, inedible, exc. fuels 9
Cotton, raw, excl. linters and waste
do
do
8,380.2 10,934.4
929.0 1,334.7
2, 762. 2 3,537.4
1, 080. 8 1,475.0
787.3 1,084.7
80.3
34.7
504.8
257.4
123.5
119.1
SUKVEY OF CURRENT BUSINESS
December 1975
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
1973
1974
1974
Annual
S-23
Oct.
Nov.
1975
Dec.
Jan,
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
310.3
220.0
74.8
404.1
288. 9
98.1
328.4
233.9
79.7
Nov.
318.5
FOREIGN TRADE OF THE UNITED STATES— Continued
VALUE OF EXPORTS— Continued
Exports of U.S. merchandise— Continued
By commodity groups and principal commodities—Continued
Mineral fuels, lubricants, etc. 9. .
mil. $
Coal and related products
do
Petroleum and products
...do
1,670.5
1,052.0
518.0
3,443.9
2,487.2
791.7
450. 3
364.3
72.5
464.4
385.1
66.1
251. 9
169.6
67.4
357.1
265. 2
72.4
337.4
256. 5
67.2
399.6
295. 6
73.9
391.4
298.7
68.4
436.5
339.2
84.7
406.2
310.1
83.3
Animal and vegetable oils, fats, waxes
do
684.0
1,423.3
112.2
118.5
166.3
140.9
104.5
120.8
73.7
88.9
57.9
66.3
43.9
43.5
56.9
Chemicals
do
5,749.4
8,819.2
727.5
729.3
774.0
820.0
669.9
786.8
737.2
707.3
718.7
704.6
711.1
682.2
730.2
do
do
do
do
7,161.6
1,224.8
1,300.8
950.3
11,165.8 1,017.9
149.2
1, 795. 4
2,560.3 232.7
105.9
1,300.4
935. 7
135.2
198.2
104.7
934.2
124.8
274.3
99.1
911.2
122.0
230.3
98.1
847.4
110.1
214.6
92.2
949.6
134.2
243.0
86.1
949.3
139. 6
219.5
104.0
954.2
136.0
230.1
98.0
899.2
129.4
225.9
87.5
862.3
122.9
199.5
71.2
875.2
132.8
199.1
79.6
880.1
142.8
185.9
84.7
980.4
Vfanufactured goods 9 IT
Textiles
Iron and steel
Nonferrous base metals
-
Machinery and transport equipment, total
mil. $-
27,869.2 38,188.6 3,768.4 3, 652. 4 3,459.9 3,312.5 3,536.6 4, 051. 8 3, 905. 1 3,990.3 3, 938. 0 3, 577. 9 3, 550. 7 3, 618. 9 4, 257. 8
Miscellaneous manufactured articles
17.130.9 23,687.8 2, 272. 4 2,238.5 2,083.1 2, 228. 3 2, 113. 7 2, 462. 7 2, 494. 9 2,479.9 2,423.1 2, 287. 4 2, 304. 6 2, 202. 9
987.1 1,398.4
135. 0
130.1
132.9
198.5
139.3
189.9
150.1
152.4
174.7
142.6
206.1 200.3
488.8
636.5
67.4
60.6
73.3
59.8
75.8
73.5
78.2
73.6
79.4
63.8
85.4
74.8
2,094. 7 3,112.6
296.4
315.6
421.2
413.8
319.3 325.3
343. 9
374.4
383.8
397. 5
413.1 419.8
5,032.3 7, 019. 2 669.4
635.4
558. 1
624.0 ' 596. 0 623. 8
599.2 706.4
615.7
650.0
640.8
567.9
648.8
10, 738. 3 14,500.7 1,495.9 1,413.9 1,376.8 1,084.2 1,422.9 1,599.1 1,410.2 1,510.4 1,514.9 1, 290. 5 1, 246. 1 1, 416. 0 1, 669. 8
6,030.0 7,878.1 849.8 791.7 697.3 658.3 677.0 843.9
893.4
743.7
893.0
728.2
854.5 890.8
do . 3,950.7 5,349.1 473.3 467.9 409.0 454.6
530.9
454.6
488.6
482.3 483.5 481.0
426.4
460.8 46G.O
Commodities not classified
do
Machinerv, total9
Agricultural
.
Metalworking
Construction, excav. and mining
Electrical
Transport equipment, total
Motor vehicles and parts
do
do
do
do
do
do
do
1,842.0
2,586.6
216.0
239.6
247,7
238.6
228.5
237.8
274.9
284.2
241.4
239.1
278.4
246.0
278.2
VALUE OF IMPORTS O
General Imports, total d"
Seasonally adjusted
do
do
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
Northern North America.
Southern North America
South America
.
By leading countries:
Africa:
Egypt
Republic of South Africa
69,475.7 100,251.0 9,094.3 8,885.4 9,139.2 9,822.6 7,162.7 7,455.9 8,181.1 7,358.0 7,271.3 7, 915. 4 7.513.6 8,161.6 8,511.9
8,773.2 8,973.3 9,256.8 9,622.4 7,872.0 7,335.6 8, 012. 8 7, 093. 4 6, 954. 2 7, 907. 5 7, 961. 0 8,188.6 8,212.2
do
do
do
do
-
582.4
2,582.9 6, 617. 6
580. 5
474.5
586. 0
686.4 681.6
869.2
579.9
907.0 567.2
687.4
760.1
18,156.9 27,344.9 2,585.0 2, 417. 8 2, 544. 1 2, 808. 3 1, 995. 9 2, 010. 1 2, 156. 7 1,860.0 1, 870. 8 2, 176. 1 2, 223, 9 2,321.3
1,561.5 1,503.9
153.5
132.0
129.2
154.6
169.7
163.5
104.3
112.8
147.0
102.3
118.2
91.1
19,812.3 24,411.8 2, 172. 1 2,124.8 2, 108. 8 2, 340. 5 1, 670. 2 1, 949. 6 1, 721. 9 1, 627. 3 1, 708. 1 1, 782. 0 1, 558. 1 1,539.1
17 724.8 21,929.1 2,106.9 1,993.6 1,977.9 1,793.3 1,605.8 1,704.1 1,916.5 1,828.6 1,813.2 1, 756. 7 1, 597. 9 1,821.6
5.084. 8 9, 433. 1 733.4
760.5
776.4
784.6
782.3 926. 6
753.4
679.3 602.0
798.9
778.6 715.2
4,512.4 8,962.4
754.5 804.9
558.7
472.7
913.1 898.9
506.9
601.2
539.1
692.8
727.8 547. 2
do
do
do
do
do
25. 9
376.9
.7
62.4
.2
61.6
.4
86.7
.4
52.2
.7
77.1
2.8
91.0
2.3
46.9
6.8
79.7
1,092.4 1,082.7
127.5
108.1
134.6
103.0
437.0
51.1
559.5
39.3
37.8
43.7
39.5
5.8
60.7
3.4
3.4
5.9
439.6
78.4
769.7
79.1
71.3
101.2
505. 1 1, 688. 1
119.5
145.8
171.6
228.4
670.3 1,083.9
102.3
82.7
113.8
44.1
9,676. 2 12,337.6 1,181.5 1,124.2 1,198.8 1,190.9
77.0
87.3
33.6
28.5
3.2
2.5
59.0
50.7
93.2
133. 5
72.7
84.3
916.3 1,006.4
92.0
31.2
4.4
51.7
214.4
92.1
929.1
70.3
30.7
3.3
55.0
148.7
47.9
808.3
123.4
37.1
3.5
56.5
133.4
33.1
858.1
89.3
42.3
3.8
59.4
224.8
35.7
952.6
108.3
36.6
3.3
44.0
232.1
50.2
915.5
132.4
50.7
3.3
56.2
207.6
87.3
840.6
Europe:
France
do
East Germany.
_
___
do
West Germany
do
Italy...
do
Union of Soviet Socialist Republics. _ do
United Kingdom
do
1,731.8
10.5
5,344. 5
2,001.8
219. 9
3,656.5
213.0
.7
542.7
194.8
22.2
355.0
214.4
.9
535. 7
203. 9
32.9
338.5
220.4
1.1
552.9
209.6
30.7
340.2
209.7
1.2
633.1
241.3
45.6
426.3
181.9
.9
416.9
174.3
19.4
314.3
175.7
.6
439.2
185.3
18.0
304.3
177.7
.8
403.2
162.3
16.5
290.0
176.1
.6
413.6
192.3
20.3
311.8
204.6
.7
430.0
190.3
18.7
311.4
163.9
.9
408.8
214.3
14.1
271.4
134.2
1.0
347.6
205.7
21.4
274.6
North and South America:
Canada..
17,715.3 21,924.4 2,106.6
1,993.4
1,977.8
1,793.3
1,605.8
7 *27. 1 13,666.9 1,117.1 1,191.2 1,315.3 1,213.1
29.9
385.8
36.1
47.5
278.3
17.9
1,189.2 1, 699. 9 . 134.6 160.1 202. 7
144.3
20.0
310.3
102.2
19.9
13.7
11.1
30. 4
511.0
34.2
408.6
31.3
59.3
284.0 305.5
2,305. 8 3,390.4
294.3 203.6
1,787. 2 4, 671. 1 419.6 421.0 446.1 552.1
876.9
14.1
110.4
7.8
43.6
221.2
263.5
Asia; Australia and Oceania:
Australia, including New Guinea
India..
Pakistan
Malaysia
Indonesia
Philippines
Japan...
_.
. do
do
do
do
do
do
do
do
Latin American Republics, total 9
do
Argentina
do "
Brazil
do
Chile
do
Colombia.
do
Mexico
do
Venezuela
do
By commodity groups and principal commodi-
69.7
608.8
2, 257. 4
14.1
6,323.9
2, 585. 0
349.7
4,061.3
4.9
57.9
2.6
64.0
.3
79.1
.5
50.1
191.9
.7
508. 5
242.7
14.3
323.2
1,703.4 1,915.4 1,827.3 1,812.8 1, 755. 8 1, 597. 6 1 820 9
964.1 1,037.6
14.4
10.7
117.5
119.7
9.0
11.9
46.4
61.4
251.1
268.9
204.0 307.8
925.6 1,0-8.7
12.4
24.9
121.0
188.3
7.8
14.1
55.0
59.9
243.5 270.3
259.3 278.1
mil. $ 8,491. 6 10, 380. 1 736.1 847.9 965.9
826. 1
717.0
786.3 787.3 701.9
857.7
763.0
do
60,984.1 89, 837. 9 8,353.9 8,028.9 8,166.4 8,996.4 6,445.7 6,669.5 7,393.8 6, 656. 1 6,413.7 7, 152. 4
Food and live animals9
do... 8,014.5 9, 386. 2
656.6 789.2 888.3 713.8 626.8 657.5
684.5 611.0
705.8
779.7
Cocoa or cacao beans
do
12.4
316.6
19.0
212.0
32.3
34.1
29.8
32.8
28.2
19.4
24.6
23.6
56.2
115.1 138.5
1,570.1 1, 504. 8
83.9
110.1
123.0
102.2
95.7
120.3
115.9
Meats and preparations
do
81.5
1,671.2 1,352.6
92.6
99.7
82.9
114.6
87.2
75.7
67.7
83.2
99.9
201.1 287.2
924.7 2, 247. 4
134.2
336.7
123.8
154.2
145.2
200.3
174.7
259.5
Beverages and tobacco
do
113.3 102.7
107.2
1, 220. 9 1,322.3
106.4
112.3
119.1 116.9
103.4
143.7
129.6
Crude materials, inedible, exc. fuels 9
do
514.3 475.0
497.5 477.9
5, 013. 8 6, 065. 6
390.6 456.3
468.4 451.2
506.4
512.4
Metal ores
do
199.4
1,304.5 1, 848. 1 182.2 184.0
185.8
161.4
181.5
183.3
160.1
132.7
150. 4
Paper base stocks
do "
120.3
101.1
678.7 1, 164. 9
95.8
84.6
89.6
92.4
105.5
97.2
87.8
86.8
Textile
fibers...
do"
17.0
225.2
236.6
15.0
10.5
16.6
10.0
8.5
11.4
14.9
12.3
11.3
Rubber
""
""do""
345.4
24.4
34.2
515.6
28.9
36.1
23.8
27.4
28.0
27.6
18.7
30.7
Mineral fuels, lubricants, etc...
do
8,173.5 25, 453. 8 2,278.1 2, 214. 7 2,497.6 3,414.9 1, 937. 4 1,477.6 2,438.4 1, 937. 5 1,428.3 2, 132. 0
Petroleum and products
""do"" 7, 614. 2 24, 269. 5 2, 158. 2 2, 092. 8 2, 352. 6 3, 249. 6 1,772.4 1, 343. 3 2,310.4 1, 828. 0 1,316.1 2, 021. 8
Animal and vegetable oils and fats
do
258. 6
53.3
544.3
79.5
49.9
48.5
44.7
40.7
55.1
33.2
51.9
44.8
Chemicals
do
2,463.0 4, 017. 7
306.2 340.8 351.9 285.6
397.1
385.7 437.2
431.8
247.4
252.9
Manufactured goods 9 H
do
13. 244. 1 17,718.7 1,839.9 1, 767. 7 1, 728. 6 1, 749. 5 1, 259. 0 1, 313. 3 1, 243. 9 1, 144. 7 1,231.4 1, 136. 6
Iron and steel...
"
do
3,017.0 5, 148. 9
698.2
735.5 746.3 491.4
703.7
371.6
321.8
485.5 422.5
355.8
Newsprint. __
do
1,185.9 1, 503. 2
140.2
139.4
116.7
152.8
139.8
134.6
131.9
134.6
131.0
138.1
Nonferrous metals
do
2,464. 9 3, 921. 0 367.9 343.8 309.3 297.3
169.4
231.0
162.0
190.5
194.5 195.7
Textiles
H
1,579.7 1, 614. 7
144.4
147.8
114.7
119.9
85.4
94.2
88.5
89.6
89.3
87.4
riofl ^eTlse?9 Includes data not shown separately. tfSee corresponding note on p. S-22.
^Manufactured goods- classified chiefly by material.
data beginning 1974 are based on f.a.s. (free alongside ship) value basis rather than customs value basis as formerly shown.
687.4
946.2
6,826.2 7, 215. 4
Agricultural products, total
Nonagricultural products, total
872.4 1,114.7
9.7
12.6
110.4
108.4
16.4
10.9
32.8
50.3
253.5
245.7
443.6
251.8
979.0
10.4
96.1
10.3
40.4
274.2
304.5
635.8
14.6
141.0
95.6
109.1
896.9
21.2
210.4
106.2
237.0
95.8
106.9
420.9
155.4
75.8
12.9
32.3
476.4
184.3
82.2
17.6
30.0
759.9
457.7
2, 240. 4 2, 446. 1 2,345.5
2, 134. 3 2, 305. 0
32.7
270.6
41.6
275.1
48.8
302.4
1, 005. 3 1,091.8 1 194.0
238.5
265.7
106.0
109.0
173.2
225.8
89.9
90.1
OEffective June 1975 SURVEY
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
1974
1974
1973
Annual
December 1975
Oct.
Nov.
1975
Jan.
Dec.
Feb.
Mar.
May
Apr.
June
July
Aug.
Sept.
Oct.
Nov.
FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF IMPORTSO— Continued
General Imports— Continued
By commodity groups and principal commodities—Continued
Machinery and transport equipment
mil. $__ 21, 076. 1 24,060.3 2,061.6 2,037.0 2,011.6 1,894.7 1,688.8 2, 138. 4 1, 899. 2 1, 934. 5 1, 961. 6 1,964.4 1, 822. 0 1,793.3 2, 138. 6
924 3
9, 966. 1 11,612.0 1,043.1 1,006.4
989 2
898.4 1 029 3 938 1
868.5
971.4 1, 012. 0
966.4
944 9
Machinery total 9
do
29.1
28.7
29.1
39.3
26.0
23.5
Metalworking
do
188.9
299.7
41.0
32.6
30.1
29 7
36.8
25.6
432.0
4, 498. 6 5, 339. 1 469.2 456. 4 420.4 284.4 376.4 424.7 353.0 357.0 411.0
455.6
Electrical
.
__
do
407 9
Transport equipment
Automobiles and parts
790.4
619.1
1,109.0
922.0
751.8
755.6
621.9
217.7
218.0
181.0
193.3
186.8
361.2
193. U
173.6
336.4
196.3
178.5
350.4
239.0
171.5
409.9
239.7
167.1
400.5
247.8
165.6
410.4
264, 807
55, 490
23, 256
4,877
24, 267
5,487
446, 558
67,160
39 691
6,016
38,781
5,912
11,1099 12,450.7
9, 252. 3 10,263.9
Miscellaneous manufactured articles
do
8,217.4
9, 426. 2
Commodities not classified
do
1,794.0
2, 255. 7
137.4
165.6
227.5
174.5
180.5
315.0
148.5
174.0
258.4
thous sh tons
mil $
thous. sh tons
mil $
.
1,018.5
823.1
1,026.2
770.2
do
do
961.1
788.7
989.6
851.3
990.1
837.5
952.4
807.2
897 7
777 1
826.9
699.8
687.8
703.8
626.3
722.7
850.9
800 6
815.7
919.7
185.4
231.2
108.5
219.7
223.8
189.7
217.9
217.4
197.5
165.9
327.7
199.0
182.9
364.0
197.4
176.2
347.9
196.9
174.7
344.0
194 6
170.9
332.5
195.5
162.8
318.3
194.2
168.9
328.0
195.5
165.8
324.1
194.1
193.7
376.0
245.2
179.4
440.0
239.6
134.1
321.2
249.3
135.1
336.7
248.3
148.4
368.5
245.8
135.2
332.3
246.2
133.4
328.5
238.3
149.4
356.0
238.8
141.3
337.4
237.6
154.5
367.2
238.9
160.5
383.4
19, 428
5,096
23, 072
5, 690
19, 732
4,785
21, 260
5,353
21,514
5,105
22, 262
4,969
21,441
4,847
41, 934
6,173
53, 836
7 122
30,390
4,727
26, 597
4 812
38, 017
5,397
32,342
4 779
27, 781
4 632
1029.4
851.8
1,022.5
824. 9
904.0
824.0
215. 3
228.2
186.1
184.7
343.8
223.3
168.1
375.5
274 257
39, 642
441,624
42 742
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Unit value
1967—100
Quantity
do
Value
. ..
_ _ _ _ _ -. _.do _
General imports:
Unit value _ __
_
__ . do .
Quantity
_ _ _
do
Value
do
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight
Value
General imports:
Shipping weight
Value
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers (Scheduled Service)
Certificated route carriers:
Passenger-miles (revenue)
bil
Passenger-load factor§
percent
Ton-miles (revenue) totalf
mil
Operating revenues 9 O
Passenger revenues _ _ _ _ _
Freight and express revenues
Mail revenues
Operating expenses©
.
Net income after taxesO
Domestic operations:
Passenger-miles (revenue)
Express and freight ton-miles
Mail ton -miles
___
Operating revenues©
Operating expenses©
Net income after taxes©
International operations:
Passenger-miles (revenue)
Express and freight ton-miles
Mall ton -miles
Operating revenues©
Operating expenses©
Net income after taxes©
161 %
52 1
22,242
162 Q2
54 9
22 425
12 65
51 1
1 818
11 18
46 3
1 634
b
mil $
do
do
do
do
do
12,419
10,274
1 075
303
11,834
227
14, 703
11,879
1,248
309
b
13, 978
322
bil
mil
do
126 32
2, 922
687
129. 73
2,888
692
mil $
do
do
9 694
9 200
179
b
b
33 19
2,083
471
mil $
do
do
2,725
2 633
48
9 05
10 19
227
60
263
60
mil
3 5 294
a 5 575
100
8,963
250
11 01
47 8
1 520
209
74
10 06
198
57
8 94
190
52
2 13
2 51
186
44
191
39
156
51
12 19
50 3
1 689
12 91
50 9
1 774
14 90
56 5
1 968
16 10
57 4
2,110
17 30
61 9
2241
P 1290 v 13. 36
J>51 8 *>48.2
» 1,803 f 1, 899
10 95
225
58
10 07
224
57
10 42
233
57
12 14
232
52
12.75
238
54
13.81
p 10.22
j>244
J>53
p 10. 92
*261
9 4.Q
2 76
156
37
3 35
172
35
3.49
157
36
175
33
J>2. 67
J>187
J>30
v2 44
P210
475
455
430
425
433
496
d
100
2,474
100
2,269
•100
•2,467
100
2,500
249
54
*59
2 779
2 862
6
2 46
13 30
52 4
1 820
3,502
2,849
293
79
3,643
163
2 832
2 809
100
9,803
203
1076
* 3, 157
6
3, 218
—60
bil
mil"
do
12 64
48 4
1 697
3,603
2,856
325
98
3,644
63
11, 545
10, 760
381
35 64
1,916
522
13 27
51 1
1 818
93
2 5g
144
34
2 07
147
31
771
835
56
2 35
172
35
2 12
152
37
?33
723
781
70
Local Transit Lines
Passengers carried (revenue)
Motor Carriers
Carriers of property, large, class T:*
Number of reporting carriers
Operating revenues, total
mil. $__
Net income, after extraordinary and prior period
charges and credits
mil $
Tonnage hauled (revenue), common and contract
carrier service
mil. tons.
Freight carried— volume indexes, class I and II
intercity truck tonnage (ATA):
Common arid contract carriers of property
(Q^ r ly.)cf
avorape same period. 1967=100.
Common carriers of general freight, seas, adj.f
1967=100..
Class I Railroads
Financial operations, qtrly. (AAR):
Operating re venues, total, excl. Amtrake 9 mil. $__
Vraffrht
An
r 492
428
468
459
528
488
99
100
2,530
2,106
248
52
•5
<* 88
54
•49
81
196
50
38
<*5Q
41
• 48
43
190 o
19Q 4
138 5
140 1
163.4
2 155. 6
14, 821
16, 945
1 t\ 7841
2 152. 1
2
144. 6
2 1 QK A
4,322
4,026
72
3,446
675
201
i 149
d
117
124
1 QK
290
259
Passenger, excl. Amtrak
do
Operating expenses 0
__
do
13, 123
11, 595
Tax accruals and rents
_
do
2,841
2,371
Net railway operating income _
do
981
855
Net income (after taxes) ©
do
1747
1552
f
2
Revised.
»> Preliminary.
» Before extraordinary and prior period items.
Comparison with year-ago data may be affected by the change in reporting actual tonnage carried
3
instead of billed tonnage, per the ICC Uniform System of Accounts (1/1/74).
Annual
total: monthly data not revised.
Q See corresponding note on p. S. 23.
9 Includes data
not shown separately.
1 Applies to passengers, baggage, cargo, and mail carried.
§ Passenger-miles as a percent of available seat-miles in revenue service reflects proportion of seating capacity actually sold and utilized.
G Total revenues, expenses, and income for all
495
197 ^
128 9
199 9
118
19c 9
m
o
137 5
•4,392
4,154
3,995
3,839
3,900
• 4, 129
3,746
3 588
•73
75
73
70
•3,322
3,237
3,301
3,301
727
,«815
«655
693
190
»« 255
°— 117
1115
.1246
i 67
1-176
groups of carriers also reflect nonscheduled service.
* New series. Source: ICC (no comparable data prior to 1972).
cf Indexes are comparable for the identical quarter of eacn
year (and from year to year); see 2.
0 Natl. Railroad Pass. Corp. (Amtrak), not included
in AAR data above, operations for 1973 and 1974 (mil. dol.): Operating revenues 202; 257;
operating expenses, 328; 463; net incomc?-159; -273 (ICC)
- See corresponding note,
b
d
bottom of p. S-25.
See corresponding note, bottom of p. S-25.
For 2d qtr. 1974.
• For 3d qtr. 1974.
t Revised to new seasonal factors back to 1957.
December 1975
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition ot BUSINESS STATISTICS
1973
1975
1974
1974
Annual
S-25
Nov.
Oct.
Dec.
Feb.
Jan.
Mar.
Apr.
May
June
Aug.
Sept.
Oct.
190.1
' 182. 4
July
Nov.
TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION—Continued
Class I Railroads—Continued
Traffic:
Ton-miles of freight (net), total, ntrly..
bil
Revenue ton-miles, qtrly. (AAR)
do
Revenue per ton-mile
cents
Price Index for railroad freight*
1969=100..
Passengers (revenue) carried 1 mile
.mil.
878.4
851.8
1.620
129.3
9,298
880.7
851.0
1.848
149.7
10, 333
158.0
158.0
* 426. 3
204.2
2 1. 971
158.3
* 5, 076
194.5
186.9
193.3
189.6
864.9
362.7
158.3
158.3
158.3
158.3
165.8
165.9
175.2
175.6
175.7
180.2
180.8
Travel
Hotels and motor-hotels:!
Restaurant sales index. ..same month 1967=100
Hotels: Average room sale 1
dollars
Rooms occupied
% of total
Motor-hotels: Average room salef
dollars
Rooms occupied
% of total
Foreign travel:
U.S. citizens: Arrivals
thous
Departures
do
Aliens: Arrivals
..
do
Departures
do ..
Passports issued
do
National parks, visits
do
111
22.39
64
18.29
68
117
126
v 24. 49 ' 26. 89
'71
» 19.44 r 19 95
z>66
••71
115
25.88
62
19.83
60
111
24.22
47
19.59
46
103
27.34
55
19 TO
57
110
27.17
59
20.29
59
120
27.61
57
21.93
61
114
27.57
61
21. 6 >
65
126
27.67
59
20.82
63
123
27.18
64
21.51
71
131
27.31
59
22.81
71
121
26.89
60
21 77
76
115
27.01
58
20.72
65
131
29.55
70
21.31
69
131
4,597
9,211
8, 758
5,750
4, 905
2,729
55,406
8,540
8,306
5,936
5,067
2,415
52, 857
599
522
435
394
127
4,419
571
539
417
411
115
2,381
518
608
468
417
111
1,660
627
558
505
411
165
1,757
531
515
431
328
179
1,635
553
687
503
399
223
2,497
624
582
428
338
261
2,735
625
731
466
406
263
4,437
701
760
538
445
286
7,948
241
11, 320
187
11,445
161
5,845
26, 030
12, 430
10, 371
16, 535
4 710
123 3
29, 013
13, 932
11, 456
18, 468
5 310
127 9
2,514
1,202
1,002
1,633
451
2.457
1,198
943
1,571
450
2,469
1,196
958
1,705
398
127.9
2,500
1,201
989
1,665
421
2,451
1,211
914
1 590
427
2,564
1,224
1,017
1,658
459
128 6
2 654
1,247
1,069
1 692
484
129 1
2 647
1,254
1,054
1 685
484
129 2
2,659
1,268
1,050
1,674
495
129.5
2,717
1,270
1,102
1,725
500
129.9
2,712
1,280
1,085
1,729
497
130.3
2,743
1,300
1,087
1,777
492
131.1
454 7
372.9
53 8
483 9
384.7
69 4
41 4
33.2
63
39 3
31.7
48
41.7
33.6
59
39 6
32.0
51
38.7
31.2
49
40 9
32.0
64
42.0
32.9
6.6
42.6
33 6
5.9
43 2
33.4
7 i
43.1
33.7
6.9
41.5
33.9
52
42.1
34.3
5.4
298. 7
205 4
4
77 4
26.5
17 3
7.8
24.2
16 9
5.9
25.8
18 2
6.2
25.9
18 0
6.6
24.6
17 1
6.0
25.0
16.8
6.7
26.7
19.3
5.9
26.2
18.1
6.8
26.0
18 5
6.0
26.7
19.0
6.2
25.5
18. 1
5.9
119
2,596
COMMUNICATION
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 $
Oneratine expenses
do
Net operating revenues (before taxes) • do
Overseas, total:
,**,"
Operating revenues..
do
Operating: expenses
do
Net operating revenues (before taxes) do
* 263. 2
4 183 9
4
65 4
4
4
4
4
45.1
35.6
6.8
27. 5
18.9
7.1
4
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
Production:
Aluminum sulfate, commercial (17% AhOa)t
thous. sh. tons..
1, 252
Chlorine gas (100% Clj)J
do
10, 402
Hydrochloric acid (100% HCl)^
do....
2,516
Phosphorus elemental?
"
do
526
Sodium carbonate (soda ash), synthetic (58%
NajO)J
thous. sh. tons..
3,813
Sodium hydroxide (100% NaOIDt
do
10, 719
Sodium silicate anhydrous!
do
723
Sodium sulfato anhydrous!
do
1,305
Sodium try poly phosphate (foO~%~Na5P~3Oio)J
961
do....
Titanium dioxide (composite and pure)J. ..do
785
Sulfur, native (Frasch) and recovered:
Productiond*
thous. Ig. tons.. i 10, 021
Stocks (producers') end of periodd*
do
3,927
1,160
10, 619
2,404
524
106
914
199
44
91
917
210
45
92
912
196
46
81
844
177
42
80
730
163
39
70
692
154
42
90
672
157
40
89
709
149
37
79
695
150
35
100
699
159
31
99
'767
175
33
88
778
169
36
3, 502
10, 865
1772
1,376
304
929
69
115
284
935
67
122
319
940
65
117
269
886
59
131
247
742
45
125
230
708
55
107
238
685
53
107
248
726
64
105
216
713
61
81
214
719
49
96
226
792
45
'101
208
804
41
102
937
788
87
59
87
61
82
55
73
48
67
44
66
37
64
44
61
46
60
48
57
50
••68
57
67
63
i 10,533
3,957
919
3,858
883
3,934
884
3,957
869
4,014
809
4,054
904
4,220
908
4,309
912
4,498
835
4,739
'841
837
4,871 ' 4, 950
799
4,977
15,698
7,545
2,054
8,192
2,211
7,128
33,052
1,332
677
179
699
198
649
2,880
1,250
656
153
674
208
645
2,806
1,330
683
141
683
185
629
2,942
1,206
617
156
603
145
558
2,530
1,202
593
162
566
174
595
2,546
1,369
641
161
603
215
658
2,711
1,345
644
161
618
235
644
2,743
1.406
591
144
593
230
600
2,483
1,354
523
150
553
218
530
2,263
1,349 '1,360
'489
559
170
171
'541
581
'162
192
'543
502
2,300 ' 2, 381
1,389
534
154
567
153
584
2,400
5.578
5,367
332
377
5,902
6,334
20, 128 i 20, 143
1, 044
1914
14, 895
15,348
1,579
1,415
450
370
558
1,751
81
1,335
119
433
393
534
1,529
70
1,156
138
444
377
514
1,866
69
1,449
88
421
414
537
2,001
87
1,466
136
455
431
536
1,466
65
985
140
485
459
592
1,566
121
1,155
103
519
479
485
1,336
75
993
47
495
607
324
1,575
149
1,179
81
413
650
244
1,503
116
1,010
127
383
697
177
3,952
108
1.276
2,258
'375
'707
338
1,715
134
1,023
205
408
650
320
1,787
79
1,252
111
Inorganic Fertilizer Materials
Production:
Ammonia, synthetic anhydrousj
thous. sh. tons..
Ammonium nitrate, original solution!
do
Ammonium sulfate i
do
Nitric acid (100% HNOsUdo...
Nitrogen solutions (100% N)t
do
Phosphoric acid (100% PjOsH
do...
Sulfuric acid (100% HjSO<)t
do
Superphosphate and other phosphafic fertilizers
(100%Pj08):
Production
thous sh tons
Stocks end of period
do
Potash, deliveries (K3O~)
do....
Exports, total 9
do
Nitrogenous materials
do
Phosphate materials
do
Potash materials
do
Imports:
Ammonium nitrate
do
Ammonium snlfate
do
Potassium chloride
do
Sodium nitrate
do
15, 093
7,157
2,054
8,441
1,947
6,848
31, 540
64
338
369
19
34
299
20
10
258
30
5,899
583
7,146
587
629
69
150
20
31
0
r
Revised.
v Preliminary.
1 Annual total; monthly revisions 4 are not available,
a For six months ending in month shown.
» For month shown.
Includes data for
Western Union Int. Cable & Wireless as noted.
tEffective May 1975 SURVEY, series restated to shift index to the 1967 base month and to
show separately operations for hotels and for motor-hotels; comparable data back to May
1971 are available.
H Refers to average daily rent per occupied room, not to scheduled rates.
9 Includes data not shown separately.
*See note "*," p. S-22.
I Monthly revisions back to 1971 are available upon request.
cf In the footnote of the 1973 BUSINESS STATISTICS a distinction is made between "gross
weight" and "sulfur content." However, because the difference is so minute, the Bureau of
Mines no longer makes this distinction.
'672
1,586
147
1,163
133
P402
14
12
25
26
17
27
8
23
18
28
20
32
14
5
6
40
12
6
12
40
746
418
595
332
299
354
728
388
607
629
2
42
7
5
18
16
0
19
17
10
NOTES FOR P.S-24—« Beginning 1975 (and restated year-ago period), data refleetchanges
in accounting to include provision for deferred taxes and other changes. For general comparison
under former accounting method, net railway operating income for 1st qtr. 1975 is about $18
mil. lower (and for 1st qtr. 1974, about $41 mil. lower); for motor carriers, net income for 1st
qtr. 1975 is about $3.2 mil. lower (and for 1st qtr. 1974, about $1.8 mil. lower).
» Effective
1974, comparison of operating revenues and expenses with prior periods is affected by revised
reporting regulations. Beginning 1974, other transport-related revenues and expenses are
reported gross in operating revenues and in expenses rather than as net in operating revenues.
For the year 1974, for total certificated route carriers, this reporting change had the effect of
increasing operating revenues by 2.5% and expenses by 2.7%.
SURVEY OF CURRENT BUSINESS
S-26
1973
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
| 1974
December 1975
1974
Annual
Oct.
Nov.
1975
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS-Continued
Industrial Gases!
Production:
Acetylene
mil. cu. ft._
Carbon dioxide, liquid, gas, and solid
thous. sh. tons..
Hydrogen (high and low purity)
mil. cu. ft..
Nitrogen (high and low purity)
do
Oxygen (high and low purity)
do
Organic Chemicals cf
Production:
Acetylsalicylic acid (aspirin)
mil. lb_.
Creosote oil ©
- mil. gal
Ethyl acetate (86%) .
. . .
mil. Ib
Formaldehyde (37% HCHO)
do ..
Glycerin, refined, all grades
do
Methanol synthetic
mil. gal
Phthalic anhydride
»
mil. lb.
ALCOHOLJ
Ethyl alcohol and spirits:
Production
mil. tax gal-Used for denaturation
do .
Taxable withdrawals
..do
Stocks end of period
do
Denatured alcohol:
Production
-mil. wine gal
Consumption (withdrawals)
do
Stocks end of period
do
8,268
7,808
694
6o9
608
483
477
422
501
537
539
1,566
65,169
227, 160
389, 436
1,766
75, 017
243, 612
389, 628
155
6,744
21,382
34, 148
137
6,236
19, 744
32, 611
133
5,878
20, 101
32,063
99
4,981
19, 785
32,095
95
4,416
18, 282
30, 763
106
4,859
19, 364
32, 199
110
4,772
19,165
29,595
115
5,541
19,350
29,067
127
5,214
18,688
27,014
132.9
32.2
187.7 i 124. 2
i 221. 5 i 170. 2
16,424.1 15,845.8
348.7
359.1
1 1,063.9 U,033.9
1 1,022.6 i 978.6
2.8
9.8
13.6
456.3
30.5
66.5
80.4
2.7
9.7
12.5
370.2
31.3
85.5
71.1
2.6
8.6
12.8
351.3
30.0
82.4
56.2
2.5
24.1
11.8
261.2
26.3
66.1
39.2
2.1
13.3
9.0
256.3
24.1
28.3
41.5
2.2
8.4
10.1
351.5
22.6
30.1
43.7
2.1
9.0
6.1
380.3
19.8
52.0
50.6
1.9
8.7
7.0
352.7
18.3
58.7
54.7
2.2
7.6
5.9
372.7
18.8
76.5
64.2
••592
590
'138
133
5,485 '5,857
19,453 '19,971
26,895 '27,558
131
6,621
20,049
29,645
2.3
5.9
11.1
356.7
17.3
80.5
52.6
2.4
7.5
11.1
384.3
22.1
64.6
64.9
1.9
8.3
10.8
430.1
••19.5
61.6
68.0
567
692.1
470.8
'72.5
100.9
' 616. 3
* 460. 2
••74.0
100.6
61.0
39.0
7.1
74.8
48.6
37.3
6.3
79.3
54.8
36.3
6.2
100.6
52.0
35.4
6.3
107.1
40.4
30.2
5.0
110.1
44.5
25.6
5.9
123.1
41.4
29.3
6.1
120.9
39.8
30.4
6.4
114.7
39.1
29.6
6.8
116.7
41.3
29.7
6.4
114.1
40.1
29.7
6.3
115.2
39.6
43.8
7.1
107.0
253.5
253.7
2.5
••255.3
255.4
2.8
21.9
22.2
2.3
20.2
20.0
2.7
20.1
20.2
2.8
19.7
19.6
2.9
16.3
16.6
2.6
14.0
14.2
2.4
15.9
15.6
2.7
16.4
16.9
2.1
15.6
15.8
2.0
16.8
16.5
2.3
16.1
16.4
2.1
18.9
18.8
2.2
11,647.9
18,581.8
12,164.6
15,156.0
14,594.3
1 1,512.2
18,820.8
1 2,257.7
1 4,967.6
14,821.2
125. 5
752. 9
211.5
422.1
407.4
98.1
724.9
207.1
335.1
401.1
83.3
734.7
156.1
250.6
356.8
67.5
635.0
124. 2
226.1
254.2
61.5
477.6
101.2
232.3
198.4
97.8
483.2
119.6
260.3
247.7
105.0
454.1
133.3
312.3
281.8
99.8
506.6
144.8
345.9
270.4
101.8
542.8
164.8
307.1
315.8
98.9
569.1
158.7
294.5
316.6
109.0
633.5
188.8
347.3
335.9
124.2
680.0
189.6
419.9
322.3
2,083.7
2, 152. 6
3,133.1
1,659.0
1,473.9
3,672.3
1, 870. 5
1,801.7
343.2
172.4
170.8
280.4
133. i
147.0
265.0
123.0
141.9
267.5
135.9
131.6
334.1
175.8
158.3
362.9
197.4
165. 5
2.0
7.9
9.8
495.4
24.0
65.6
73.6
PLASTICS AND RESIN MATERIALS
Production:
Phenolic resins
Polyethylene and copolymers
Polypropylene
Polystyrene and copolymers _.
Polyvinyl chloride and copolymers
mil Ib
do
do
do
do
138.3
711.5
204.5
420.3
374.0
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly
nil. lb.Paints, varnish, and lacquer, factory shipments:
Total shipments t
mil. $
Trade products f
do
Industrial finishes t
do
534.9
565 5
223.3
104.5
118.8
302.2
156.5
145.8
589.2
610 5
391.6
216.2
175.4
373.4 '387.1
206.7 ' 209. 7
166.7 ' 177. 4
413.0
217.5
195.5
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total
mil. kw.-hr_. 1,963,948 1,966,373 160,297 157,896 167,677 170, 919 153,341 162, 197 152,206 158, 376 167, 782
do
do
do
Electric utilities total
By fuels
By waterpower
Privately and municipally owned utll
Other producers (publicly owned)
Industrial establishments total
By fuels
By waterpower
1,857,381 1,865.287 151,788 149,602 159,360 163,348 146,338 154, 955 145,289 151,471 160, 927*
1,585,600 1,564.552 131,826 128,522 136,343 138,478 122, 493 126, 913 118,610 123,781 133,843
271, 782 300,734 19,962 21, 080 23, 016 24, 870 23, 845 28,042 26, 679 27, 690 27,083
do
do
1,530,654 1,519,831 125,875 124,139 132,351 134, 110 119, 772 124, 624 116, 095 122, 336 131, 246
326, 727 345,455 25, 913 25,463 27,009 29, 238 26, 566 30, 330 29, 194 29, 134 29,681
7,243
6,855
6,906
6,918
106, 567 101, 087 8,509 8,294 8,318 7,571 7,004
6,943 6,618 6,582 6,559
97,574
102,878
8,265 8,041 8,018 7,271 6,723
300
296
324
281
300
300
3,513
301
3,689
244
253
do
do
do
Sales to ultimate customers, total (Edison Electric
Institute)
mil. kw.-hr_. 1,703,203 1,700,769 141,745 137, 202 141, 302 146,950 142, 881 139, 872 136, 294 133, 505 141, 801 150,637 157, 013 154,635
Commercial and Industrial:
Small light and power§
do
396,903 392, 716 33,271 31, 947 32, 698 33,603 33, 146 32,704 32, 114 32, 313 35, 703 38,400 39, 395 38, 276
Large light and power §
do
687,235 689, 435 59, 958 57, 666 54, 332 54, 557 53, 480 53, 169 52,851 53, 530 54, 843 54,335 56,551 57,555
333
319
326
344
Railways and railroads
do
392
388
339
379
393
4,186
4,258
374
375
358
Residential or domestic
do
554, 171 554, 960 43, 212 42,209 48, 803 53, 289 50,716 48, 596 46, 035 42, 424 45,741 52,275 55, 311 53, 057
Street and highway lighting
Other public authorities
Interdepartmental
do
do
do
12,836
42,340
5,532
13, 314
40, 721
5,366
1,163
3,342
441
1,220
3,364
422
1,239
3,420
418
1,261
3,438
428
1,219
3,522
405
1,165
3,459
391
1,096
3,428
390
1,063
3,436
398
1,022
3,691
482
1,075
3,716
492
1,077
3, 857
498
1,124
3,798
493
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil $ 31, 662. 9 39, 126. 8 3, 484. 1 3,388.9 3, 550. 5 3, 745. 5 3, 728. 8 3, 683. 5 3, 601. 9 3,543.0 3, 832. 4 4, 187. 2 4, 366. 8 4,294.4
GAS
Total utility gas, quarterly
(American Gas Association):
Customers, end of period, total
Residential
Commercial
Industrial
Other
Sales to customers, total
Residential
Commercial
Industrial .
Other
thous..
do
do
do
do
44,201
40, 551
3,388
215
47
44, 734
41,034
3,446
196
58
44,734
41 034
3 446
196
58
44, 953
41,225
3,434
204
90
44, 552
40 932
3,375
190
54
tril. Btu..
do
do
do
do
16,480
4,994
2,281
8,371
835
16,000
4,865
2,293
8, 153
689
3,872
1 231
593
1,%8
180
4,947
2 236
997
1,546
168
3,546
1,150
534
1,728
133
Revenue from sales to customers, total....mil. $..
Residential
do
Commercial
do
Industrial....
do
Other
do
4,133
15, 360
12,987
1 893
6,*99
6,247
717
2,172
2,539
1,413
5,509
4,197
110
371
413
r
Revised.
i Reported annual total; revisions are not distributed to the monthly data.
§Data are not wholly comparable on a year to year basis because of changes from one
classification to another.
cf Data are reported on the basis of 100 percent content of the
specified material unless otherwise indicated.
$ Monthly revisions back to 1971 are avail-
4 560
6,328
2 012
3,348
752
1,278
1,682
1,454
113
249
able upon request.
0In the 1973 BUSINESS STATISTICS the unit reads "millions of
gallons"; it should read "thousands of gallons."
t Monthly revisions for 1973 will be shown
later.
SURVEY OF CURRENT BUSINESS
December 1975
1973
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1974
1974
Annual
S-27
Nov.
Oct.
1975
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
15.76
14.44
14.30
16.00
14.69
14.36
14.72
13 88
14.18
13.34
12.51
13.98
Oct.
Nov.
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES 9
Beer:
Production
mil. bbl__
Taxable withdrawals
do
Stocks e n d o f period
_ _ _ _ _ do
Distilled spirits (total):
Production
mil. tax gal__
Consumption, apparent, for beverage purposes
mil. wine gal..
Taxable withdrawals
mil. tax gal-Stocks, end of period _
do
Imports
.
mil. proof gaLWhisky:
Production _
mil. tax gal__
Taxable withdrawals
- do __
Stocks end of period
do
Imports
_ _
_mil. proof gal_ .
148. 60
138. 47
12.76
156. 20
145. 46
12.58
12.28
11.59
13.53
10.71
10.42
13.04
11.11
10.74
12.58
12.54
11.12
13.21
11.18
9.84
13.54
12.40
11.57
13.76
14.50
13.01
14.26
14.34
13.41
14.17
183.07
162. 55
15.30
12.69
12.23
11.26
10.19
10.56
11.79
11.87
10.81
7.57
6 31
11 83
1404.17
210. 04
939. 70
107. 28
U15.47
220. 77
875. 75
110. 98
36.99
23.64
888. 75
11.53
39.93
19. 70
880. 48
10.06
47.76
16.71
875. 75
11. 29
31.43
19.36
891. 54
7.11
26.84
14.55
862. 94
7.67
32.57
15.75
857. 25
7.92
33.44
20.19
852. 07
9.93
33.84
19.47
841. 86
9.89
35.80
20.28
830. 03
9.01
33.38
17. 08
822. 39
8.67
32.15
18 29
811 02
7.48
20 59
802. 92
8.71
12.72
108. 39
133.63
893.00
92.30
75.15
137. 03
822. 11
93.92
5.57
16.00
838. 55
9.89
3.95
12.32
828. 47
8.51
3.80
9.69
822.11
9.58
3.35
10.66
814. 68
5.74
3.79
9.49
808. 00
6.34
4.41
9.81
802. 16
6.57
5.47
12.97
794. 26
8.39
5.13
11.92
786. 90
8.32
4.10
11.75
776. 47
7.50
2.42
10.04
770 97
7.39
1.22
10 87
760 46
6.05
5.41
12 81
752 70
7.13
10.83
114.93
53.35
118. 63
53.38
12.00
5.81
12.02
6.38
9.18
3.40
9.24
3.56
7.98
3.59
8.13
3.22
10.79
5.25
9.83
4.34
10.26
4.36
8.48
3.54
8 18
3 22
10 08
3 98
1.58
1 42
10 52
14
Rectified spirits and wines, production, total
mil. proof galWhisky
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
20.50
18.97
8.48
2.02
18.83
18.03
8.12
1.80
1.58
2.42
10.13
1.53
2.23
9.33
.16
1.30
2.43
8.12
.22
1.75
1.20
8.61
.12
1.11
.94
8.73
.12
1.53
1.18
9.00
.11
1.57
.97
9.51
.14
1.43
1.20
9.65
.12
.86
1.52
8.95
.13
1.51
.91
9.49
.08
2.14
1 05
10 45
.07
437.54
273. 07
422. 37
53.15
401. 42
279. 98
451. 59
3 49. 58
167. 55
26.81
463.52
4.16
45.06
23.11
473. 14
4.27
18.44
27.19
451. 59
3.59
9.93
23.88
432. 10
3.92
8.14
22.48
413. 00
2.78
8.27
26.88
387. 40
3.34
7 14
24.30
366. 37
4.00
8.82
24.24
347. 15
3.65
7.78
25.13
325. 14
3.98
8.97
22.40
306. 45
3.91
8 97
21 69
287 46
3.83
Distilling materials produced at wineries., _do
378. 68
354.30
130. 20
40.08
17.46
9.61
3.49
7.11
6.01
2.72
3.87
6.12
13 24
80 01
961.7
49.2
.674
70.7
83.1
.706
67.3
58.0
.705
89.6
49.2
.673
97.4
54.5
.677
90.4
61.3
.693
96.3
60.5
.692
100.9
66.5
.704
101.6
85.2
.705
88.3
99. 7
.706
70.4
97.7
.788
58 9
79 2
.863
57 0
39 6
.900
66.6
25.5
.950
* 2 685 4 2,930. 2
« 1 672.5 1,858. 6
218.6
125.5
205.8
116.6
218.7
124.9
216.3
130.6
203.9
122.1
238.0
144.1
243.4
152.9
264.2
168.4
273.2
170.7
249.9
153.0
226 3
133 8
213 0
115 6
218.6
120.7
357. 8
290.3
232 0
494.0
420.8
315.6
512.1
440.6
18.8
502.2
430.2
19.0
494.0
420.8
31.7
482.2
413. 5
14.4
458.1
393.1
8.4
447.5
385.6
9.4
441.0
379.8
9.6
454. 8
392.6
9.0
475.1
410.2
9.6
477.6
414.0
13.4
449 7
388 5
10 8
422 2
360 9
15 2
390.9
328.6
19.7
.843
.973
.965
.962
.946
.936
.946
.952
.968
.987
1.006
1.030
1.064
1.119
1.164
< 1,102.2
1,035.2
60.9
60.8
78.1
73.9
70.2
75.0
77.9
96.6
97.1
85.8
74 9
73 7
68.7
69.2
79.2
124.1
101.0
79.2
68.1
61.8
54.3
60.3
84.2
104.0
114.7
105 5
96 6
70.9
.17
62
24
319
3
87
32
58
44
.22
3.91
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
4
_ __mil. Ib
do_ __
$ per lb_.
mil. Ib
do
Stocks cold storage, end of period
do
American, whole milk
do __
Imports
do
Price, wholesale, American, single daisies (Chicago)
_
$ per lb_.
Condensed and evaporated milk:
Production case goodscf
mil. Ib
Stocks, manufacturers', case goods, end of month
or yeard"
mil. lb_.
Exports:
Condensed (sweetened)
do Evaporated (unsweetened) .
do.__
Fluid milk:
Production on farms
do
Utilization in mfd. dairy products
_
do
Price, wholesale, U.S average
$ per 100 Ib
Dry milk:
Production:
Dry whole milk
mil. Ib
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 Ib
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat) mil. bu
Barley:
Production (crop estimate)
do
Stocks (domestic), end of period
do _
O n farms
do
Off farms
do
Exports including malt§
do
Prices, wholesale (Minneapolis):
No 2 malting
$ per bu
No. 3, straight
do
Corn:
Production (crop estimate grain only) mil bu
Stocks (domestic) end of period total
do
On farms
do
Off fnrms
do
Exports, including meal and
flour
do
Prices, wholesale:
S
918. 6
46.4
s . 689
1.6
40.7
2
2.9
.2
3.2
.3
3.3
.1
4.1
.4
4.0
.2
3.9
.1
4.5
.1
4.0
(»)
4.3
()
3.9
.1
4.7
* 115,385
« 57, 920
7.14
115,416
60, 821
8.33
4,355
9 125
8 34
8,669
3,985
'8.48
9,087
4,546
8.22
9,301
4.844
8.33
8,775
4.657
8.28
10,023
5,289
8.13
10, 121
5,510
8.09
10, 789
6,006
7.98
10, 460
5,985
7.94
9,998
5,389
8.19
9,609
4,785
8.56
9.101
4,322
9.16
<78.0
* 916.6
67.7
1,019. 9
3 7
54.6
2.8
51.5
4.7
83.3
4.8
83.5
3.9
81.6
3.4
95.8
3.4
111.5
7.4
131.4
8.1
12o.5
5.2
98.7
5.5
76.2
4.2
53.2
5.4
50.3
5.4
74.5
6.4
134.6
9 7
144.1
5.4
130.1
6.4
134.6
7.0
123.0
7.4
114.9
6.0
115.0
5.3
108.9
7.6
116.2
7.3
108.5
6.4
87.4
6.9
70.2
6.2
51.1
4.4
36.2
49.7
10.4
45.2
6.7
3 2
3
3.2
.3
3.2
2.5
2.1
13.5
2.6
.4
2.3
.2
4.6
14.5
2.8
48.9
3.3
13.4
2.4
10.7
3.4
.3
2.8
.6
3.6
.2
.464
.586
577
.570
.568
.588
.600
.607
.603
.602
.604
.604
.614
.646
.689
2, 896. 2
2, 220. 3
159 3
211.6
197. 1
245.9
199.7
194.7
186.2
139.2
163.2
173.9
204 1
205.5
264.6
« 421 5
320.9
207 3
113 6
94 6
••5304 1
229.8
127 1
102.7
56 7
15
6.3
229.8
127 1
102.7
61
5.8
36
132.8
61 6
71 2
2 8
20
3.3
2 02
2 00
3 53
3.40
4 33
4 02
4.64
4.51
4 43
4.06
4.39
4.20
4 10
3 82
3 92
3.64
4 20
3.99
3,71
3.57
102.3
3 613
2 533
1 080
103.3
122 7
2 909
1 504
705
125.2
3 12
2 §3
3
55 647
4 473
3 357
1 116
1 312 3
« 4 651
3 613
2 533
1 080
1 180 8
64 1
3 16
3 46
3 4?
9
5
16
511
388
123
17
I.Qfi
1 KQ
1 84
3
° 12
3 14
3
fiQ
s 667
637
475
162
54 3
30 0
1 ns
1 fifi
3I
(8)
4.9
9,205
4,341
'9.66 r 10.00
7 383. 0
8
8
34
75. 6
29 9
6 45 6
10
2.0
10
349.5
223 2
126.4
.4
4 09
3.86
3 63
3.38
3 51
3.32
3 64
3.44
3.81
3.67
103 2
74.1
1 146
801
346
81.6
69.2
89.2
168
75.3
133.0
3 02
2 g2
2 91
3.04
3 13
2 97
2.69
2 90
2 86
2.93
3.15
2 95
2.73
.5
.4
642
512
131
1.9
2.8
1.56
1.69
1.63
1.59
2 90
2 88
1
5
329
239
90
2
2 8
3
"185
e 119
8
65
.7
1.81
1.74
1.55
1.72
1.82
1.63
2 95
7 5, 804
8
359
8
190
8
r5*14
3 50
7657
511
388
123
r
Kevised.
* Preliminary.
1 Includes Hawaii; no monthly data available for Hawaii.
3
' Average for Jan., Feb., Apr.-July, Oct.-Dec.
Annual total reflects revisions not
distributed to the months.
< Revi^d monthly data back to 1971 are available upon
request.
« Crop estimate for the year.
• Previous year's crop; new crop not reported
7
until beginning of new crop year (July for barley and oats: Oct. for corn).
Dec. 1 estimate
129.6
3 54
3 22
7c
Weighted avg., selected markets, all grades
5t ™»r hn
1.169
.1
4.4
1.0
41.4
O 1Q
do
Oats:
Production (crop estimate)
mil bu
Stocks (domestic), end of period total
do
On farms
do
Off farms
do
Exports, including oatmeal
do
Price, wholesale, No. 2, white (Minneapolis) f
8
1.042
8
for 1975 crop.
Less than 50 thousand pounds.
cf Condensed milk included with
evaporated to avoid disclosing operations of individual firms. § Excludes pearl barley.
9 Scattered monthly revisions back to 1971 will be shown later.
t Effective March 1975
SURVEY, data are restated to cover different market. Data for earlier periods will be shown
later.
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1973
1974
1974
Oct.
Annual
December 1975
Nov.
1975
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Con.
Rice:
Production (crop estimate)
__mll. bags 9-Callfornla mills:
Receipts domestic rough
mil Ib
Shipments from mills milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of period
_
mil. lb._
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
mil. lb_.
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis) end of period
mil. Ib
Exports
do
Price, wholesale, No. 2, medium grain (Southwest Louisiana)
$perlb._
Rye:
Production (crop estimate)
mil bu
Stocks (dom6stic) end of period
do
Price, wholesale, No. 2 ( Minneapolis).. $ per bu_.
Wheat:
Production (crop estimate), total
Spring wheat
Winter wheat
Distribution
mil. bu_.
do
do
do
5127.6
192.8 '1112.4
1,925
1,359
294
133
192
135
147
90
230
138
228
186
186
136
186
174
237
196
281
241
158
113
64
61
85
63
377
121
109
135
133
123
135
169
163
166
124
102
67
68
48
40
192
6,021
4,226
7,047
4,816
2,177
614
895
525
640
539
804
599
702
585
389
546
253
491
136
427
92
357
117
240
945
304
2,462
411
1,548
512
1,816
3,583
1,788
3,801
1,805
350
1,884
332
1,788
442
1,727
545
1,646
564
1,387
556
1,065
464
73Q
437
429
555
268
248
606
226
1,804
164
2,313
306
.180
.252
.185
.200
.208
.205
.210
.205
.205
.185
.195
.195
.195
.168
.168
126.3
21.4
1.82
i 19.3
11.9
2.99
3.22
3.21
11 9
3.07
3.02
2.80
8.3
2.48
2.74
2.68
25.8
2.47
2.58
2.97
16.0
3.08
2.98
2,151
1,591
1
1
1,705 'i 1,766
1432
'UC6
1,273 '11,390
2,179
1,624
450
453
328
648
260
388
2320
2126
2194
.170
517.9
5 2, 134
5483
51,651
585
1,101
440
661
(
1,874
745
1,129
Stocks (domestic), end of period, total
On farms
Oft*farms
do
do
do
927
363
564
1,101
440
661
Exports, total, including
Wheat only.,.
_
do
do
31,403.5
3
1.372.1
944.0
919.4
93.2
91.3
100.5
98.3
84.8
82.3
110.4
108.4
72.9
71.3
66.5
65.2
78.2
77.0
69.4
65.3
79.8
77.2
102.2
99.7
113.5
111.2
127.2
125.5
125.3
123.6
5.24
4.74
5.64
4.92
5.64
4.99
5.3S
4.84
4.81
4.42
4.47
4.02
4.48
3.78
4.57
3.76
4.41
3.45
4.25
3.40
4.66
4.01
4.88
4.31
4.99
4.36
4.81
4.29
3.64
5.53
Wheat flour:
Production:
Flour
thotis sacks (100 Ib )
249, 265 242, 157
Offal
_
_
thous. sh. tons
4,303
4,323
Qrlndings of wheat
thous bu
555, 269 542,904
Stocks held by mills, end of period
thous. sacks (100 lb.)_.
5,505
4,499
Exports
do
13, 456
10,563
Prices, wholesale:
Spring, standard patent (Minneapolis)
$ per 100 Ib.. 8.734 11.887
Winter, hard, 95% patent (Kans. City), do
8.454
11. 059
LIVESTOCK
5.88
5.84
5.64
5.22
5.00
4.78
4.94
4.96
4.39
4.69
5.08
5.01
5.10
22,817
415
51,512
20,853
384
47, 012
19,658
359
44,272
19, 466
354
43, 927
17,653
321
39,746
19,054
349
42,833
20,599
378
46,375
20,361 19, 631
361
371
45,718 44,375
21,156
384
47,430
816
929
4 499
1,058
820
715
4,755
577
516
1,718
4,434
1,119
1,084
999
4,140
753
735
12.600
11.363
12. 938
11. 775
12. 175
11. 200
11. 488
10. 438
11. 025
9.938
10.388
9.125
10. 363
8.975
9.863
8.550
9.550
8.088
10. 213
8.938
10. 513
9.363
11.238
10. 213
11.163
10. 113
flour
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu_
No. 2. hd. and dk. hd. winter (Kans. City) do
Weighted avg., selected markets, all grades
$per bu..
Cattle and calves:
Slaughter (federally inspected):
Calves
. .
thous. animals
Cattle
do
Prices, wholesale:
Beef steers (Omaha) f .
fperlOOlb..
Steers, stocker and feeder (Kansas City)__do
Calves, vealers (Natl. Stockyards, 111.) _ -do
3.43
3.58
10. 675
9.650
1,808
30,521
2,355
33,319
279
3,230
251
2,929
254
2,902
284
3,152
250
2,778
276
2,826
284
2,889
270
2,851
276
2,898
344
3,084
345
3,141
385
3,319
443
3,584
44.54
49.13
57.19
41.89
36.49
46.19
39.64
29.80
36.00
37.72
27.97
36.00
37.20
28.05
36. 00
36.34
26.79
36.50
34.74
26.80
36.50
36.08
27.86
38.00
42.80
30.73
37.00
49.48
34.87
37.00
51.82
33.52
31.50
50.21
30.69
46.80
32.93
28.50
48.91
35.98
47.90
36.74
77, 071
7,023
6,402
6,243
6,350
5,540
5,751
6,361
5,376
5,077
4,659
4,627
5,217
5,379
34.75
37.91
37.45
38.96
38.23
39.23
39.22
40.32
45.78
50.28
55.70
56.80
61.19
58.76
49.78
14.7
17.0
17.6
19.9
19.0
21.2
22.1
21.0
Hogs:
Slaughter (federally inspected). .-thous. animals.. 72, 264
Prices:
Wholesale, average, all grades (Sioux City)
$ per 100 Ib. . 40.10
Hog-corn price ratio (bu. of corn equal in value
to 100 Ib. live hog)
•21.7
Sheep and lambs:
Slaughter (federally inspected)., thous. animals..
Price, wholesale, lambs, average (Omaha)
IperlOOlb..
21, 705 ' 22,681 24, 128
M09
398
432
49,017 r 51,162 54, 056
•12.2
10.8
11.1
11.7
12.4
13.4
14.3
9,234
8,556
851
612
595
662
570
648
627
615
614
635
621
758
701
36.69
30.76
35.88
37.50
38.50
37.50
40.50
45.12
48.88
50.75
46.12
45.00
41.00
44.12
44.00
33, 525
36,329
3,359
3,048
2,971
3,169
2,762
2,845
2,966
2,751
2,704
2,697
2,716
2,940
3,164
798
67
131
783
75
145
794
65
125
722
79
111
652
64
135
573
70
148
514
77
149
'515
73
157
45.23
36.77
30.00
567
76
135
45.00
MEATS
Total meats:
Production (carcass weight, leaf lard in) , inspected
slaughter t
mil. Ib..
Stocks (excluding lard), cold storage, end of
period
..mil. Ib..
Exports (meat and meat preparations)
do
Imports (meat and meat preparations)
do
Beef and veal:
Production, Inspected slaughter t
do
Stocks, cold storage, end of period
do
Exports
do
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-70U Ibs.) (East Coast)
$ per Ib
Lamb and mutton:
Production, inspected slaughter.
Stocks, cold storage, end of period
mil. lb._
do
830
759
1,972
803
714
1,634
715
77
114
754
64
134
803
54
146
815
57
179
19,504
459
81
1,471
21, 222
415
53
1,191
1,991
362
3
79
1,803
373
3
97
1,776
415
4
110
1,948
429
3
141
1,714
405
4
102
1,762
396
3
110
1,762
359
4
91
1,728
319
3
80
1,733
298
2
107
1,802
276
2
113
1,841
266
3
122
1,938
'263
2
126
2,126
279
5
99
«.696
.691
.663
.635
.623
.599
.603
.611
.826
.821
.880
.849
.801
.824
.791
486
15
440
14
43
15
31
14
31
14
34
12
30
11
34
9
32
10
30
9
30
7
31
9
31
10
38
'11
36
11
Pork (Including lard), production, inspected
slaughter t
mil. Ib_. 13,535 14,669 1,326 1,214 1,164
r
Revised. 1 Crop estimate for the year. J Pre vious yeai 's crop: n 3W crop rlot repor ted
until July (beginning of new crop year).
* Annu il total re fleets revif >ions not distribu ted
4
to 8the months.
Average for Jan. -July and Sept -Dec.
s Dec. 1 e 5timate ()f 1975 cr op.
Effective with June 1975 SURVEY, average is res tated to re^present "market" year (D ec.-
.764
963 1,002
942
864
845
992
1,187 1,018 1.049 1,172
tated to
t Effect ive Sept ember \{ )75 SUR-V EY. date\ are res
Nov.)
9 Bags of 1C10 Ibs.
cover different price (()00-1100 Ibs. onljf). Data for ear] ier perio d will be show n later.
tSc attered nlonthly r evisions back to L971 are aivailable upon recluest.
SURVEY OF CURRENT BUSINESS
December 1975
Unlem otherwise stated in footnotes below, data
through 1972 and descriptlTe notes are as shown
in the 1973 edition of BUSINESS STATISTICS
1973
S-29
1974
1974
Annual
Oct.
Nov.
1975
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
MEATS-Contlnued
Pork (excluding lard) :
Production, inspected slaughter
mil. lb._ 11,879
286
Stocks, cold storage, end of period
do
169
Exports
.
do
Imports
.
do
398
Prices, wholesale:
Hams, smoked composite
.Sperlb.. 1.810
Fresh loins, 8-14 Ib. average (New York)..do
.819
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil. lb_. 10,649
Stocks, cold storage (frozen), end of period, total
mil. lb_.
431
Turkeys .
.
do
281
Price, in Georgia producing area, live broilers
Iperlb..
•.239
Production on farms
mil. cases O
•185.0
Stocks , cold storage, end of period:
Shell...
thous. casesO..
34
Frozen..
mil. lb__
43
Price, wholesale, large (delivered; Chicago)!
$ per doz..
.610
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl shells)
thous Ig tons
Price, wholesale, Accra (New York).... $ per Ib,.
Coffee (green):
Inventories (roasters', Importers', dealers'), end
of period
_ ...
thous. bags<f
Boastings (green weight)
do
Imports, total
do
From Brazil
do
Price, wholesale, Santos, No. 4 (N.Y.) $ per Ib
Confectionery manufacturers' sales
mil S
Fish:
12,856
307
104
362
1,154
270
16
30
1,062
303
10
31
1,023
307
8
33
1,049
295
9
34
900
301
11
25
922
299
24
31
1,043
343
10
29
876
322
13
26
842
283
19
23
773
228
28
28
755
185
22
20
861
'187
19
26
896
218
17
30
».678
.786
.728
.805
.773
.764
.852
.774
.728
.823
.747
.815
.743
.798
.716
.816
.787
.948
.801
.994
.859
1.122
.953
1.079
.974
1.170
1.103
1.177
800
768
781
676
736
825
831
884
967
942
978
1,067
456
275
744
555
555
372
456
275
439
267
410
240
370
207
339
178
315
160
347
193
388
248
470
328
542
409
611
483
•.211
.225
.245
.215
.230
.250
.240
.235
.250
.280
.325
.295
.305
.295
.285
15.1
14 7
10,706
1,015
•183.5
15.0
14.7
15 3
15 4
13 9
15.3
14 6
15.0
14.5
14.9
15.0
14.6
36
54
73
65
52
60
36
54
35
54
48
52
32
47
25
44
68
45
82
48
90
51
80
52
72
51
56
47
.598
.632
.630
.688
.637
.574
.607
.516
.613
.517
.539
.597
.633
.591
248 0
.636
221 1
.982
81
1.193
11 1
1.115
18 7
.840
20 5
.895
17 3
21 7
.848
17 9
.755
17 4
.595
18 7
.625
16 6
.730
12 5
.780
17.4
.775
21.5
.775
4,146
19, 415
3,003
18,569
21 799
4 606
676
2 141
19 243
2 725
.702
2 771
740
61
.640
309
1 159
148
.690
265
jen
JOO
4.1ft
£OA
.888
2,673
4,713
3 003
4,997
1 550
457
700
220
AWl
Sugar (United States):
Deliveries and supply (raw basis) :|
Production and receipts:
4 620
Production
thous sh tons
972
694
4 931
974
6,895
Entries from off-shore, total 9
do
510
6 551
583
409
Hawaii and Puerto Rico
do
1 150
94
1 217
123
82
Deliveries total 9
do
11 273
1 045
11 538
879
469
11 237
For domestic consumption
do
11 482
1 042
876
463
Stocks raw and ref end of period
do
2 800
1 202 1 822 2 Rflft
2 583
Exports, raw and refined
sh tons
3 946 62,734
4 394
8 763 13 672
Imports:
Raw sugar total 9
thous sh tons
5 200 15 774
479
360
494
8
From the Philippines
do
1 566 1 414
68
81
112
(4)
o
(i\
Refined sugar, total
do
29
0
Prices (New York):
Raw, wholesale
_
$per lb_.103
.289
.580
.370
.430
Reftned:
Q KAA
Retail (incl N E New Jersey)
$ per 0 Ib
775
1 680 2 170
2 520
Wholesale (exci. excise tax).. .."....$ per \b".
.320
.133
.408
.549
.592
Tea imports
thous Ib 173 314 8 178 326 10 460 7 735 U QAA
FATS. OILS, AND RELATED PRODUCTS
Baking or frying fats (Incl. shortening):
350.9
Productlont
. mil Ib
3,635.8 3, 702. 8
315.9 272 2
Stocks, end of period®
do
114 6
134.1
119.7
122 7
134 1
Salad or cooking oils:
Productlont
do
357.3 330.5 323 1
3 893. 4 4, 110. 6
Stocks end of period®
do
74 1
96 5
93 3
92 2
96 5
Margarine:
Productlont...
_
do
229.5
2 359 0 2,397 7
203 9
187 6
Stocks, end of period®
_ do
74.1
64.3
' 61.2
70 0
64 3
Price, wholesale (colored; mfr. to wholesaler or
large retailer; delivered).
$per Ib..
.340
.512
.626
.613
.617
Animal and flsh fats:
Tallow, edible:
575.8
52.2
474.6
59.1
55.2
Production (quantities rendered) t -.mil Ib
665.0
558.0
67.5
Consumption In end productst
do
63.9
58.3
Stocks, end of period 1
do
33.4
40.4
29.8
32 9
33 4
Tallow and grease (except wool), inedible:
477.1 437.5 432.5
5, 237. 1 5,526.6
Production (quantities rendered) t
do
3,032.2 3, 029. 2
271.4
Consumption in end productst
do
232 3 220 1
Stocks, end of period f
."_"_".
Ido
355.6
430.5 400.5 380.3
380.3
' Revised.
* Preliminary.
1 Average for Jan.-Sept., and Nov. * Because of a
change in specification, effective June 1974, prices are not comparable with those for earlier
periods: the 1974 average is for 7 mos. (June-Dec.). 3 Reflects revisions not available by
months.
< Less than 500 sh. tons.
s Series discontinued. « Effective with June 1975
SURVEY, average is restated to represent "market" year (Dec.-Nov.). A Monthly revisions
for Jan.-Aug. 1974 are available.
1.060
1.134
1 852
359
675
1 656
253
680
1 535
*331
3,889
4,710
2 872
4 469
1 448 1 365
244
277
1 736
'473
.685
1 626
418
1 868 2,533
543
*391
OCA
221
207
20°
•too
iftfl
245
297
AfY)
qcfi
qofl
OAK
one
9QA
q/yr
Q/VT
'314
615
(&}
•)
297
183
191
195
107
92
119
164
961
932
1,784
123
91ft
1 205 1 oo5
996
1 174
t O7C
1 QJ2
331
936
930
958 *1 383
o fl*7
0 (VTA
0 QQfl
9 1*91
832
809
870
852
2 299
2 777
2 307
2 516
21 325
17 648
27 288
48 067
17 501
27,250
20, 814
148
(*}
\
199
54
4
222
62
5
300
54
4
223
2
3
450
o
403
3
1
289
226
1
596
75
9
447
118
33
.375
.388
.300
.282
.195
.148
.194
o 1 91
0 QCQ
2 285
.361
2 061
.319
470
.479
2
.410
1 A50
14 9Q7
19 9iYI
15 486
13 A4R
14 694
12 170
299 7
129 2
278 7
119 5
280 4
117 0
307 9
121 1
288.9
112.9
268 9
113 7
285 1
103 0
330 1
QA 7
310 6
81 8
319 2
93 9
322 2
97 6
316.5
95 1
326 3
76 9
211 0
65 6
201 2
72.5
198 7
65 8
181 7
75 8
183 0
64.4
.619
.619
.576
.544
56.1
62.7
38 6
52.7
62.6
40.0
54.2
69.1
32.1
450.3
254 4
379.5
399.2
231.8
361.7
433.0
234.8
327.6
514
e|t
.518
552
549
693
664
ft7Q
I
QAjH
.259
o
1
.268
.225
r
.175
1 726 1.611
.232
.283
.152
.155
1 574
.205
.207
12,404
17 594
406.7
100.1
345 4
79 4
299 6 '331.2
88 7 '93.0
344 2 '330.4
71 8 '73.3
369.3
89 1
180 6
63 6
173 7
66 6
178 7
52 6
216.6
58.6
214.7
59.8
.502
.494
.486
.486
.503
.490
46.8
63.9
25 7
40.8
55.9
23.7
35 3
44.3
22 2
33.8
46.1
22 1
34 6
44.8
24 2
'36.2
'49.6
'23.9
38.3
56.6
24.2
405.2
238 0
318.0
371.5
237.4
288.5
358.3
239 6
242.5
354.5
230 7
256.2
347.2 '363.9
236 2 ' 250. 7
257.4 '308.0
392.8
273.5
281.2
9
QIC
11 276
.490
O Cases of 30 dozen.
cfBags of 132.276 Ib.
§Monthly data reflect cumulative revisions
for prior periods.
9 Includes data not shown separately: see also note "§".
©Producers' and warehouse stocks.
IFactory and warehouse stocks.
fBeginning June 1974
SURVEY, prices are for cartoned, white, shell eggs to volume buyers, delivered to store door,
Chicago metropolitan area, and are not comparable with those shown previously. Comparable
data back to 1969 are available.
tMonthly revisions back to 1972 will be shown later.
SURVEY OF CURRENT BUSINESS
S-30
1973 |
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
December 1975
1974
1974
Annual
Oct.
1975
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS. AND RELATED
PRODUCTS— Continued
Vegetable oils and related products:
Coconut oil:
Production, rennedt
Consumption in end products!
Stocks, refined, end of period t§
Imports
_
mil. Ib
do--_
do-_
do
649.4
901.0
21.1
716.9
540.1
726.0
26.6
542.3
61.0
67.4
32.7
78.4
45.5
66.3
28.1
44.8
48.5
56.4
26.6
41.7
53.2
67.6
30.0
47.0
43.1
58.2
26.1
40.5
49.9
68.1
22.6
70.0
53.4
70.7
33.9
53.4
56.1
67.7
27.6
90.8
60.0
71.8
26.9
27.6
59.3
61.8
29.4
38.2
61.4
75.2
28.0
64.6
66.1
81.1
'28.6
76.3
77.0
87.8
36.4
101.6
Corn oil:
Production: Crude _
do..Reflned
do
Consumption in end products^
__ do--Stocks, crude and ref., end of period^!
do
529.2
529.5
508.7
44.9
518.3
500.7
473.0
52.6
41.2
46,7
48.9
52.3
40.1
45.6
41.8
53.2
40.1
42.1
40.6
52.6
37.0
41.0
45.1
54.6
34.6
34.1
34.6
56.2
38.6
43.0
38.1
63.8
37.6
38.9
35.4
71.0
40.6
38.0
34.8
85.6
38.9
41.0
37.9
90.3
40.5
38.7
38.0
87.5
35.2
39.5
39.5
65.3
'40.3
'46.4
* 42. 6
'52.4
39.9
51.1
48.5
48.3
Cottonseed oil'.
1,541.5
Production: Crude
._do..
1,330.2
Refined
do
906.4
Consumption In end productst
do
157. 9
Stocks, crude and ref., end of period H
do
545.0
Exports (crude and refined)
. . . do
3.257
Price, wholesale (N.Y.)
$perlb__
1,512.7
1, 262. 7
832.4
177. 4
606. 1
,410
122.8
81.8
58.3
123. 2
24.1
.485
138.2
113.0
62.1
166.9
33.8
.495
139.1
117.2
61.5
177.4
75,1
.405
147.6
124.4
60.5
197.7
78.4
.400
137.5
125.5
57.9
210. 2
67.3
.355
143.4
117.0
58.1
188. 1
96.6
.315
111.6
109.0
56.0
207. 9
56.8
.305
105.8
102.4
66.7
173.1
92.6
.265
84.1
93.0
53.8
164.0
17.8
.265
72.3
74.0
56.8
146. 2
69.7
.348
76.1 '56.1
73.1
68.0
49.6 '46.7
126.5 <• 136. 1
43.7
28.9
.378
.343
76.1
53.4
51.0
125.4
21. 3
.323
-
.293
Soybean cake and meal:
Production
thous. sh. tons 16,223.5 18, 543. 2 1,418.1 1,406.8 1,376.3 1, 429. 4 1,232.3 1,379.5 1,313.9 1, 190. 7 1,209.3 1,355.1 1,475.6 '1,289.9 1, 677. 2
245.6
496.7
438.4
475.5
513.0
496. 7
529.8
508. 3
350.1
383.8
Stocks fat oil mills), end of period.
- do-__
524.9
359.4
368.3 ' 318. 8
410.8
Soybean oil:
Production* Crude
mil Ib 7,540.2
6, 508. 9
Rennedt
do
6, 830. 7
Consumption Sn end productst
do
Stocks, crude and ref. end of period If. .do, ... 690.5
874.3
Exports (crude and refined)
do
s.277
Price, wholesale (refined; N.Y.)
$ per l b . _
8, 704. 9
6,811.5
7, 039. 0
673.6
1,606.7
.366
627. 5
511.4
552, 1
68 L 5
111.1
.439
621.4
482.1
518. 4
673.6
193. 0
.370
Leaf:
1
» 1,742
1, 990
Production (crop estimate)
mil Ib
Stocks, dealers' and manufacturers', end of period
4,466
mil. Ib.. 4,409
Kxports, incl scrap and stems
thous ib 2612, 980 851,415 64.063
268, 585 : 299, 946 27, 122
Imports incl scrap and stems
do
72, 950
22, 445
4 461
68, 264
24, 481
57, 141
33, 650
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
Taxable
Cigars (IftFg^ taiable
Exports cigarettes
4, 182
44, 054
416
3, 157
4,473
38S 504
314
4,273
5, 092
47, 887
351
3,468
672. 9
585. 0
621. 8
734.7
85.9
.428
651.3
515.0
553.4
689.6
129.0
.356
555. 9
468.6
521. 2
633.7
71.6
, 327
600.9
497. 0
540. 3
662. 2
57.6
.296
632.4
497.1
528. 2
647.4
116. 1
.301
557.8
489.6
531.3
530.6
55. 7
.243
557.6
467.9
527.4
606.7
72.9
.248
623.9
509.3
555.3
544.3
65.3
.304
797. 5
666. 9
673.2
571.2
43.8
.266 ,
674. 5 ' 599. 8
550. 9 r 538. 3
562. 8 r 604. 8
560. 6
567. 1
13.5
13.1
,285
.340
. 243
TOBACCO
millions
do
do
do
55, 902
590, 342
5, 554
41. 543
59, 272
576, 173
'^009
46, 901
5. 300
55, 643
'534
4. 247
7
33,510
25, 300
4 315
52. 483
33, 694
4.793
46, 963
354
3,645
4,942
43, 968
372
5, 155
39, 452
25, 082
52, 676
21,888
5,667
46, 301
347
4,170
5,239
50, 378
371
5,294
5.632
52; 750
389
4,104
6,3^3
58. 923
448
5.371
23,361 !! 22,532
iio
166
1,719 • 1,551
22, 965
159
1.54s
25. 7S2
193
1, 714
6,300 !! 7.QQO
1 fv?4
1 668
56 i
60
i
6, 200
1 fiQfi
7, 000
1 37°
1 06
.350
.253
. 350
.253
.3'0
. 258
13 341
16 979
14 714
146.7
163.9
44, 172
27, 805
4,547
51,838
394
3,313
23, 202
26, 390
4,464
49,171
397
3, 623
46, 669
26, 144
2, 193
4 SI?
44. 862
25, 229
3,944
32, 073
28,566
4.803
49, 477
417
3,357
LEATHER AND PRODUCTS
HIDES AND SKINS
Eiports;
Value, total 9 .
thous. $
Calf and kip skins
thous skins
Cattle hides
thous hides
Imports:
Value, total 9
8h'38O snd ls?nb skins
GoRf and kid skins
thous $
tlious piccp*
do
Prices, wholesale* f.o.b. shipping point:
Calfskins, packer, heavy, 9H/15 Ib
Hides, steer, heavy, native, over 53 ib
376. 999
1 886
16' 867
339, 062
2 163
18 428
84,30C*
12 835
1 600
77.5flO
15 ?32
583
. 622
.343
'.'231
1 ^fi'2
17 768
14 504
I per Ib..
do
LEATHER
Production :
OsK and whole kip
thoos skins
Cattle hide and side kip
thous hides and kins
Qost sod kid
tho'is skins
S'hppp BF d Satnb
do
Exports:
3 |OQ |Q4
Prices, wholesale, f.o.b. tannery:
Sole bends li?ht
Index, 1967=100
Upper, chrome calf, B and C grades
^nd©i 1967 — 100
|
1
4
184 6
27 871 25,475 26 440
2Q2
140 !
'136 i
1 619 1 1,708
1 905
6 100
!' ;s77
' '24
22, 674
280
1,863
24, 519 25, 093 24,553
174 !
236 i
230
2^045
1, 989
1.K34
22, 796
161
1.S10
3, 200
533
25
4,800
1 161
64
5,600
96
85
5, 800
1 615
'l!9
6. 100
1 603
62
. 550
' 173
. 4.50
.175
.350
.143
.300
.118
. 285
. 125
. 285
.163
. 285
,275
16 824
1 536
1 430
1 315
1 350
13 889
1 260
t 093
992
1,033
14g 5fi^
158 8
5, ROO
I'lH? i
7
j 2 * '• Q
14 748
H8. 1
139 5
130 9
128 0
36, S68
33,134
30,173
26,830
8 941
•;:;a
25,110
24,254
5 0^5
' 727
157
ft H
i ""45
'
5. 100
1 169
46
.500 -1
. 253
,258 i
.350 :
.280 ;
.550
.308
1
130. 9
142.4
33,932
32,274 ' 32 122
33,858
27,657
5 146
925
204
26 °71
5 O'l
' s~«
3U6
316
318
301
160.0
1.60. 0
IT '•
1*. >i
150. 5
150, 5
13- 3 i 132, 3 1 13-. 3
160. 0
150 5
132. 3
1
i,| g24
ii 03'
1
..1 .
1
'
3 574
1° 3
l
;
1O £-~>'i
125, 1
6 735
146, 7
1
8 473
;
146 7 !
166. 8
182. 6
51
19 5
LEATHER MANUFACTURES
Shoes and slippers:
Production, total.... .
thoos. pairs... 3490,033 452,955
Shoes, sandals, and play shoes, except athletic
thous. pairs.. 2386.636 355,147
Slippers
do
2 91 168 1 §5 5'"!°
Q' *&<"'*
8 p' 656
Athletic
do
s
Other footwear.--.. ...
do
2. 575 j 2, 416
7 SOQ
Prices, wholesale f.o.b. factory:
Men's and hoys' oxfords, 'dress, elk or side
upper, Goodyear welt
.index, 39&7~IOG__
Women's oxfords, elk s*de upper, Goo'i^ear
welt
-index. 3967=100
Women's pumps, Irw-medirm qusht^ -.do
3 Qt'1*^
IV 7
16S 1
134 a
144 0
127 a
« 1:2 i
f
2
Ravised. ! Crop estimate for m°, year.
Anno a* 'f^-V '•pflerts
3
ted tor the monthly data.
Average f ' r 6Oct. Dec i. f . n .-ar^
4
Aj
Ave age for Jan. July and Sepl.-D^i.
Jcvr -Apr average
T
Dee. 1 estimate ""or 1975 cicp
i^y
803
244
A 1 •,
>T dir
1
1
25 ,""5 I 2" 002
5, 1)3
r f>37
924
tf?3
?'J4
310
33,745
1
35, 7^ , 34, IdO
39, 300 ' 37 og4
3c<.fiSo
26 !••*
MS, 5Si ' 2^*2"'
H J^O : 4, S3*
31 400 ' ?ft.4x=i
* 33 i ' •" 4-P
1 01-" - i «"3
•^•m
3Jb
31S70
n. 4"0
r~
3^9
6 s;v
i7&
2 to
;,3
......
2-15
L5Ci
40°
4t>4
44?
<V6
373
363
34'J
162. 1
lfi'2. 1
184 8
io4.:
164 6
164. 6
164.6
168,1
168. 1
150 f.
132.3
150.5
].C0 5
150. 5
150.5
150.5
150.5
154.3
154,3 ! 154.3
!
168. 1
f Factory and warehouse stocks.
9 Includes data for items not shov-n ^aarat^ly,
§ Effect] \r' < V t . | 9 7 4 ^ f K \ F v H t a a i r ; ^ at - i T-- exclude stocks of crude coconut oil; comparanie dnta prior to Aug "3 \\d be ^-; ,\\ '3t»r
t Alonthlj revisions back 10 Ij72 A" t ;i or , o^u later.
December 1975
SURVEY OF CURRENT BUSINESS
Unless otherwise stated In footnotes below, data
through 1972 and descriptire notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1973
1974
1974
Annual
S-31
Oct.
Nov.
1975
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
LUMBER AND PRODUCTS
LUMBER— ALL TYPES 9
National Forest Products Association:
Production, total
_
mil. bd. ft.. » 38,658 » 34, 928
6,955
7,008
Hardwoods..
do
27,973
31, 650
Softwoods
do
2,691
540
2,151
2,194
465
1,729
1,930
424
1,506
2,072
381
1,691
2,148
336
1,812
2,480
395
2,085
2,779
428
2,351
2,849
435
2,414
2,814
492
2,322
2,797
471
2,326
2,914
511
2,403
2,986
489
2,497
»38,353 i 34, 276
6,634
7,130
31, 223 27,642
2,658
480
2,178
2,265
428
1,837
1,978
375
1,603
2,047
340
1,707
2,164
322
1,842
2,507
389
2,118
2, 843
443
2,400
2,820
456
2,364
2,739
459
2,280
2,820
444
2,376
2,851
505
2,346
3,061
510
2,551
Shipments total
Hardwoods
Softwoods . . .
.
do
do
do
.
Exports total sawmill products
Imports, total sawmill products
.,
do
do
do
4,457
459
3,998
5,109
780
4,329
5,229
729
4,500
5,160
768
4,392
5,109
780
4,329
5,137
858
4,279
5,123
874
4,249
5,064
842
4,222
5,000
827
4,173
5,052
806
4,246
5,124
836
4,288
5,101
863
4,238
5,165
870
4,295
5,090
849
4,241
do _
do
Stocks (gross) , mill, end of period, total
Hardwoods
Softwoods
.
1, 959
9,537
1,668
7,249
139
530
98
414
87
361
86
337
112
377
233
536
130
571
113
589
125
671
155
677
151
431
142
422
8,936
679
7,367
316
577
393
537
352
476
316
657
497
508
443
728
543
635
567
598
462
674
509
682
581
551
532
724
549
693
551
9,074
8,874
935
7,777
7,730
982
594
573
1,079
540
578
1,041
453
512
982
534
476
1,040
550
562
1,028
608
628
1,008
599
611
996
684
703
977
654
627
1,004
590
610
984
619
600
1,003
715
707
1,011
688
691
1,008
SOFTWOODS
Douglas flr:
Orders, new
..
Orders, unfilled, end of period
mil. bd. ft..
do
Production. __
Shipments
Stocks (gross), mill, end of period
.
do
do _
do
Exports, total sawmill products
Sawed timber.
.
Boards, planks, scantlings, etc
_ _
do
-do _ _ .
do. .
637
176
462
598
158
440
60
12
47
19
4
15
33
8
25
24
7
17
30
5
25
45
11
34
52
14
38
32
8
24
38
11
27
53
11
43
55
15
40
44
13
31
Prices, wholesale:
Dimension, construction, dried, 2" x i"f R. L.
$ per M bd. ft..
181.86
158.84
135. 85
139. 09
133. 21
138. 40
146. 90
147. 29
156. 60
169. 67
161. 54
165.47
169. 76
166. 79
mil. bd. ft..
do
> 7, 745
405
» 6, 899
344
549
365
413
322
401
344
546
373
511
383
599
431
629
427
533
403
569
401
627
391
647
408
583
381
do. ..
do
* 7, 895
» 7, 775
»1 7, 121
6, 960
577
553
443
456
350
379
466
517
460
501
549
551
615
633
606
557
586
571
615
637
609
630
599
610
Southern pine:
Orders, new
Orders, unfilled, end of period
Production
Shipments
Stocks (gross), mill and concentration yards, end
of period ,_. . .
_.
. _ mil. bd. ft--
160.09
157. 56
1,148
1,309
1,351
1,338
1,309
1,258
1, 217
1,215
1,197
1,246
1,261
1,239
1,218
1,207
__M bd. ft..
94, 346
76, 276
5,199
2,689
7,626
4,220
3,509
3,115
7,593
5,244
5, 175
6,414
3,930
7,595
Prices, wholesale, (Indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1967=100..
Flooring, C and better, F. G., 1" x 4", S. L.d*
1967-100..
198. 2
188.4
160.6
158.2
152.0
144. 7
147. 9
150.8
160.5
174.0
174.7
174,5
170.8
171.5
171.4
176.5
186.2
229.2
236.2
228, 5
228.5
228.5
228.5
230.7
230.7
231.8
230.7
225.2
225.2
225.2
220.9
222.0
mil. bd. ft..
do
10, 456
556
8,788
392
777
460
551
424
489
392
587
471
507
441
663
496
791
523
720
470
748
484
869
546
740
513
936
560
838
542
do
do
10,564
10, 455
S.973
8,952
636
725
528
587
498
521
465
508
505
537
612
608
753
764
794
773
735
734
805
807
823
773
852
889
895
856
1,323
1,344
1,426
1, 367
1,344
1,301
1,269
1, 273
1,262
1,283
1,284
1,282
1,332
1,295
1,334
179. 62
151.38
100. 46
99.66
120. 06
126. 78
132. 83
150. 35
154. 31
173. 62
170. 71
145. 95
141.17
131. 78
128. 87
mil. bd. ft .
.
do _.
178. 3
5.1
108.3
2.5
7.7
2.3
6.9
2.2
6.4
2.5
85
2,8
9.9
4,6
8.6
4.9
9.1
4.5
8.0
3.8
7.6
3.2
8.6
2.9
9.3
2.6
8,0
3.0
9.4
3.3
do
do
do....
188.0
184.6
8.2
123.9
108.5
19.2
8,4
7.8
20.0
7.0
7.2
19.8
6.8
6.3
19.2
7.6
7.9
19. 0
6.6
8,1
17. -i
7.1
8.2
16.3
8.9
9.4
15.4
8.5
8.3
15.7
8.0
8.1
14.9
9.2
8.2
15.9
8.4
9.0
15.4
7.9
7.4
15.8
8.5
8.7
15.7
Exports, total sawmill products
Western pine:
Orders, new
Orders, unfilled, end of period
Production .
Shipments.
Stocks (gross), mill, end of period...
...do,...
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12", R. L. (6' and over)
$ per M bd. ft
127. 30
HARDWOOD FLOORING
Oak:
Orders, new
Orders, unfilled, end of period
Product Ion.. „._ . _.
Shipments
Stocks (gross), mill, end of period.
METALS AND MANUFACTURES
IRON AND STEEL
E i ports:
Steel mill products
..thous. sh. tons..
Scrap - _ - ...
do
PJg Iron.- .
do
» 4, 052
11,256
15
5f833
8,696
101
387
630
7
296
593
4
470
628
4
289
720
2
257
685
7
282
779
10
270
871
13
268
1,065
6
256
1,005
4
270
836
2
271
809
2
202
771
3
228
657
4
Imports:
Steel mill products
Scrap
Pig Iron..... ... .
15,150
391
459
15, 970
246
355
2, 021
28
1, 925
19
41
1,909
23
56
1,801
22
62
1,192
16
26
1,153
20
35
959
27
92
856
27
47
927
55
9
805
53
31
748
28
27
697
34
29
818
32
53
...thous. sh. tons.. * 57. 801 1 55, 250
i
do
51 ,335
i 44, 711
......
do i 103,589 J 105. 483
do
* 7, 092 » 8, 408
4, 804
4t 430
9,138
8,190
4,436
4, 023
8,338
8V 290
4,097
3. 661
7,787
8, 181
4,337
3,595
8, 362
7,916
4,087
3.344
1\ 785
7,597
4,376
3,635
8,169
7,431
4,231
3,428
7, 488
7, 559
4,000
3,219
6,879
7,920
3,664
3,008
6,324
8,279
3,411
2,443
5,748
8,403
. ..
do
do
do
Iron and Si set Scrap*;
Production
Receipts, net
.
Consumption
Stocks, end of period
.
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ per Ig ton
55. 95
83.33
106. 22 112. 37 104. 44
Pittsburgh district
do.....
72, 00
57.40
104. 20 119. 00 101.00
' Revised.
» Preliminary.
» Annual data; monthly revisions are not available.
9 Totals Include data for types of lumber not shown separately.
d"1 Through March
1971 data are for flooring, B and better, F.Q., 1" i 4", S.L., beginning April 1971, they are
for flooring, C and better, F.Q,, 1" x 4", S.L.
•• 3, 581 p 3,881
p 3,039
" 6, 135 p 6,809
»• 8, 243 p 8,380
r 2, 421
59. 12
63.54
68.61
56.04 64.89 74.34
80.47
82.06
82.35
61. 50
63.00
77.50
69.00
84.50
81.50
82.50
56. 50 65.50
If Effective Jan, 1975, data reflect expanded sample and exclusion of direct-reduced or
prereduced iron.
76.99
81.00
81.13
83.50
SURVEY OF CURRENT BUSINESS
S-32
1973
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1974
1974
Annual
December 1975
Oct.
Nov.
1975
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
1
1
87, 669 i 84 676
90, 863 185 256
43,331 48, 029
8,646
9,005
4,912
6 417
7,463
4,611
5,832
7,427
4,760
5,635
4,134
4,245
5,319
2,421
2,712
5,823
2,437
2,975
6,619
5,906
4,OD
8,005
8,454
4,027
8,023
9,455
4,738
7,682
9,070
4,692
8,013
9,116
3,472
7,471
7,645
4,534
4,226
Manganese (mn content) general Imports
128 306
129 078
2,323
13 147
11 005
335
11. 449
9 766
265
12, 328
9 177
356
6,988
9 771
98
5,205
9 539
9
5,684
10 672
95
8 944
9 781
'152
12, 989
9,182
297
12,583
8,531
232
12, 495
7,825
232
11, 342
7,949
192
10, 118
8,419
300
9,423
8,279
395
do
do
do
do
Stocks total end of period
At mines
At furnace yards
At U.S. docks
132 905
137 073
2,747
1
59 905
i 10 876
45 990
3,039
57 662
9 143
45 247
3,272
55 714
12 001
40,406
3,307
56 625
10 711
42, 089
3, 825
57 662
9 143
45, 247
3,272
56 622
10 536
42,789
3,297
54 949
13, 422
38,468
3,059
52 877
16 80;)
33,480
2,588
52,299
17,444
32 644
2 211
55, 750
17, 014
36, 450
2,286
57, 594
14, 299
40, 527
2,768
61, 166
12, 916
45, 197
3,053
63,855
11, 723
48, 676
3,456
66,095
11, 549
50, 376
4,170
51, 521
4,220
do
916
851
92
103
112
79
40
108
138
116
84
77
88
51
112
100 837 1 95 909 8,187
99 816 ' 96 792 8,319
1763
i 1 215
860
7,250
7,369
787
6,731
6 715
722
7,350
7 372
709
7,116
7 248
656
8,071
8,050
766
7 432
7,398
828
6,990
6,915
886
6,239
6,236
944
5,968
5,884
1,059
6.031
'6,049
* 1,120
6,245
6,386
1,112
6,292
182. 38
182. 38
182.38
Pig Iron and Iron Products
Pig Iron:
Production (excluding production of ferroalloys)
thous sh. tons
Consumption
.do
Stocks end of period
do
Price, basic furnace f
$ per sh. ton..
Castings, gray Iron:
Orders, unfilled, for sale, end of period
thous sh tons
Shipments total
do
For sale
do
Castings, malleable Iron:
Orders, unfilled, for sale, end of period
thous sh tons
Shipments total
do
For sale
do
1
75.24
122. 61
150.63
155. 75
169. 40
179.88
179.88
179. 88
182. 38
182.38
182. 38
182. 38
1 666
17 047
9 008
1 416
15 661
8 664
1 434
1 476
781
1 343
1 224
653
1 416
969
528
1 464
1 078
576
1 380
997
535
1 393
1 084
567
1 249
1,144
575
1,137
1,048
535
1,094
1,019
512
1 105
858
459
147
1 031
616
133
912
553
153
85
50
135
77
42
133
59
33
116
66
37
112
59
33
103
55
34
91
63
37
87
62
36
81
61
35
80
50
29
r gl
57
'36
70
65
38
11,584
107.2
10, 862
111.3
11. 980
110.9
10,667
102.0
9,864
91 3
8,744
83.6
8,370
77.5
8,648
80.0
9,295
88.9
1,428
182
157
1 424
160
134
1,295
181
146
1,232
183
147
1,133
174
138
1,081
165
132
1 034
132
106
957
126
••103
903
158
127
5,757
6 327
7,632
6,377
324
325
589
152
T
1 096
r
972
r
526
182. 38
1,027
1,097
574
Steel, Raw and Semifinished
Steel (raw):
Production
thous. sh. tons.. » 150,799 » 145,720 12, 617 11,614 10,960
101.4
111.1
Index
- _
dally average 1967=100
116 8
118 5 i 114. 5
Steel castings:
Orders, unfilled, for sale, end of period
929
1 527 1 518 1 569 1.527
thous sh tons
170
Shipments, total
do
169
*192
2 091
1 894
147
For sale, total
do
144
1 566
165
1,739
9,214
85.3
8,709
83.3
Steel Mill Products
Steel products, net shipments:
Total (all grades)
thous sh tons
By product:
Semifinished products..
do
Structural shapes (heavy) steel piling do
Plates
..
"do
Rails and accessories
do
i in 430 1 109 472
15 749
7 081
9 678
1 689
5,509
7 210
10, 919
1 785
9 374
8,431
7,353
8,324
6 978
7,204
6,955
6,394
6,178
402
611
919
170
405
537
857
152
343
489
791
140
373
608
843
165
334
515
855
160
374
594
939
175
330
566
904
184
319
446
859
184
292
381
705
172
279
343
643
171
291
380
618
146
351
412
685
157
1,447
884
381
174
1,309
838
324
139
1,440
931
300
201
1,257
800
295
156
1,278
801
321
149
1,197
737
309
145
1,089
648
310
126
990
579
293
113
944
532
310
98
1,034
610
320
99
1,231
776
331
119
1,038
585
342
104
889
298
614
794
251
549
758
192
442
877
213
664
771
182
512
820
187
506
790
187
422
740
171
364
676
179
465
612
148
489
624
170
453
622
192
452
627
203
443
3 828
1,286
1,607
3 438
1,175
1,416
2,890
1,107
1,114
3 140
1,194
1,196
2 390
939
886
2 330
994
823
2 375
897
1,006
2,221
835
948
2 318
846
989
2 128
750
914
2 611
907
1,148
3,532
1,209
1,572
2,677
928
1,148
Bars and tool steel, total.
Bars* Hot rolled (incl light shapes)
Reinforcing
_ _ _
Cold
finished
do
do
do
do
Pipe and tubing
Wire and wire products
Tin mill products
do
do
do
9 133
3 245
7 316
do
do
do
49 370
16 886
20 377
do
do
do
do
22 706 i 23 179
11, 405 i 12, 270
6 459 i 6 249
23 217
18 928
5,314
2,821
1,310
4,854
4,873
2,635
1,149
3 045
3,711
2,375
914
3 776
3,440 2 1, 218
2629
2,091
2334
1,003
4,686 2 1, 335
Rail transportation
do
Machinery, industrial equip tools
do
Containers, packaging, ship materials do
Other..
"do
3 417
3 228
6 351
6 440
7 811
8 218
1
30, 254 i 30 771
851
1,494
1,822
6,692
969
1 649
1,814
6,479
778
1 345
1,313
5,315
686
1,083
1,490
5,193 2
_ _ _
Sheets and strip (incl electrical) total
Sheets: Hot rolled
'
Cold rolled
By market (quarterly shipments):
Service centers and distributors
Construction, incl. maintenance
Contractors' products
Automotive
Steel mill products, inventories, end of period:
Consumers' (manufflcturers only) mil sh tons
Receipts during period
do
Consumption during period
do
i 18 170 i 18, 514
i \Q 763
11 061
^ 5 135 i 5, 089
i 2 161
2 251
9,844
3 171
7,528
i 44 991
15, 774
18 275
1,645
1 007
421
208
11 2
83 6
81 2
13 7
81 5
70 n
12 5
73
74
12 9
6.9
65
13 7
60
52
13 8
60
59
13 9
51
50
13 8
51
52
13 3
50
55
12 7
4 5
51
12 4
4 g
52
12 0
4 3
47
11 7
47
5o
do
66
74
64
7.0
74
76
79
83
84
80
77
78
76
Producing mills:
In process (ingots semifinished etc )
do
Finished (sheets. Dlates. bars. nine. etcTdo
97
77
* fi
82
77
5.1
77
5.6
Service centers (warehouses) f
74
4 7
' Revised. 2 * Preliminary.
»Annual data; monthly or quarterly revisions are not
available.
For month shown.
HEffective May 1973 SURVEY, prices are in terms of dollars per short ton.
f Revised series. Beginning in the Nov. 1974 SURVEY, steel mill inventories at service centers
r
12 0
5.8
55
r
2226
2382
2468
1, 787
11.3
5.0
5.7
7.3
9.7
••9.9
10 8
10 2
10 8
77
9 4
81
10 6
99
6.1
5.3
S.fi
6.0
ft 3
6.4
fi 3
6.4
6.1
••5.8
reflect (beginning 1967) new sample panel for the Census "Wholesale Trade Report" and (beginning 1962), revised unit prices for converting value of merchant wholesalers' iron, steel,
etc., inventories to tonnage equivalent. Monthly revisions for 1962-72 are on p. S-32, June
1975 SURVEY.
SURVEY OF CURRENT BUSINESS
December 1975
1973
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
1975
1974
1974
Annual
S-33
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
A.pr.
May
June
July
Aug.
Sept.
Oct.
Nov.
METALS AND MANUFACTURES—Continued
NONPERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons..
Recovery from scrap (aluminum content). .do
Imports (general):
Mptn.1 and alloys crude A
Plp.tes sheets, etc
Exports:
Metal and alloys crude
Plates sheets bars etc
1
4,529
1, 147
1
4,903
1, 190
417
103
405
89
416
76
394
89
324
82
347
97
326
100
327
86
••302
92
310
80
308
91
300
99
do
do
507.6
57.3
509.0
45.3
53.1
3.5
47.4
5.8
42.3
4.3
41.9
5.1
37.4
3.1
30.7
3.3
31.5
3.6
25.5
4.1
34.9
3.6
26.7
6.4
43.5
5.0
56.4
6.0
37.8
5.8
do
do
229.6
215.1
207.8
234.9
16.7
19.7
9.2
20.0
12.8
17.9
4.8
19.4
4.9
14.7
3.6
12.7
4.5
18.0
13.4
15.2
8.6
13.7
4.8
14.2
20.9
13.6
13.7
17.5
25.2
15.6
.2533
.3406
.3900
.3900
.3900
.3900
.3900
.3900
.3900
.3900
.3900
.3900
.4042
.4100
.4100
14,568
10, 900
6,741
2,026
13,502
10, 466
5,626
1,760
1,087.0
836.7
443.9
160.9
870.4
693.8
362.8
127.9
764. 0
616.3
342.7
100.5
739.6
640.8
343.0
121.2
715.8
569.2
303.8
107.6
678.8
524.3
261.3
107.3
717.4
575.5
296.6
114.6
724.4
575.1
308.3
109.4
812.3
608.7
332.7
109.2
811.8
646.5
369.7
93.3
' 847. 2
r 665. 9
' 393. 4
' 111.6
854. 9
689.6
384.0
122.7
4,366
5,156
4,650
4,869
5,156
5,535
5,589
5,866
5,940
6,092
6,086
6,070
•• 6, 013
6,013
1,717.9 i 1,597.0
11,868.5 1 1, 654. 7
U,698.3 11,420.9
170.2
1233.8
444.0
482.0
144.3
165.6
136.5
29.1
41.0
135.4
148.6
127.2
21.4
33.0
134.7
139.7
119.8
19.9
33.0
131.1
148.6
131.5
17.0
30.0
117.6
129.0
112.4
16.6
28.0
117.4
128.4
114.4
14.0
27.0
123.0
125.7
115.1
10.6
29.0
126.7
127.3
115.1
12.2
24.0
111.3
120.2
108.5
11.6
25.0
95.3
105.9
96.6
9.3
23.0
425.6
199.9
607.7
313.6
56.6
31.5
51.4
28.3
44.5
15.1
24.9
14.9
24.2
11.3
20.0
3.8
21.0
2.6
16.2
2.8
35.8
13.1
15.2
2.9
342.0
189.4
309.9
126.5
21.8
8.2
29.5
13.3
32.8
11.3
41.5
19.7
41.7
20.8
32.0
14.3
43.1
24.9
35.1
21.3
26.0
13.5
19.3
9.8
i 2, 444
157
108
2,160
374
179
174
225
136
142
297
161
108
374
179
109
431
188
99
451
192
104
494
196
118
513
192
126
509
174
128
511
173
100
530
180
.5948
.7727
.7843
.7625
.7357
.6903
.6418
.6418
.6378
.6314
3,319
3,032
780
2,813
2,647
667
603.0
i 654. 3
1663.9
631.5
65.3
58.4
53.5
56.4
54.4
56.8
55.5
47.3
52.6
43.6
58.4
50.0
55.9
46.3
53.2
51.6
213.6
280.6
1,541.2 i 1,599.4
15.4
148.4
15.3
136.0
20.0
111.3
19.0
100.6
14.4
95.5
20.8
95.5
14.8
100.7
Price, primary Ingot, 99.5% minimum.. .$ per lb..
Aluminum products:
Shipments:
Ingot and mill prod, (net ship.)
Mill product^ total
Sheet and plate
Castings
mil. lb-.
do
do
do
Inventories, total (Ingot, mill prod., and scrap),
end of period
mil lb
Copper:
Production:
Refinery primary
From domestic ores
Fro in foreign ores
do
do
do
Imports (general) :
Refined, unrefined, scrap (copper cont.)..do..Reflned A
do
Exports:
Refine^ and scrap A
do
Refined
do
Consumption, refined (by mills, etc.)
do
Fabricators'
do
Price, electrolytic (wirebars), dom., delivered
$ per Ib..
Copper-base mill and foundry products, shipments
(quarterly total):
Brass mill products
mil. lb_.
Copper wire mill products (copper cont.) .do
Lead:
Production:
Mine, recoverable lead
thous. sh. tons
Recovered from scrap (lead cont.)
do..Imports (general), ore (lead cont.), metal— do
Stocks, end of period:
Producers', ore, base bullion, and In process
126.9
116.4
108.4
8.0
26.8
8.4
38.1
21.0
42.4
25.3
20.1
6.7
20.4
11.5
20.0
12.5
.6248
.6379
.6379
.6379
50.7
45.6
37.7
46.0
48.0
47.4
>-50.6
55.6
56.0
7.7
97.2
16.0
90.7
10.0
86.2
12.9
108.6
10.6
114.7
20.1
187.1
192.0
193.3
187. 1
177.1
179.2
161.8
193.8
188.6
196.3
194.7
190.7
195.1
26.1
124.1
37.3
i 166. 6
20.1
170.8
24.6
167.8
37.2
154.5
54.9
160.0
73.0
144.1
90.1
136.0
101.1
120.7
102.9
122.5
109.3
115.5
110.0
115.9
99.3
116.1
85.6
114.1
»84.3
.1628
85.3
.2253
107.8
.2450
101.3
.2450
85.3
.2450
83.2
.2450
81.5
.2450
92.2
.2450
89.5
.2450
77.9
.2334
77.4
.1900
80.8
.1900
84.4
.1956
79.5
.2000
.2000
4,480
5,877
Ig. tons
45,845
39, 602
do ..._
do,.. 1 20, 477 i 18,897
i 2, 012
» 1, 989
do
i 74, 640 164,742
do
i 58, 142 151,611
do
152
2,964
1,085
175
6,050
4,780
578
3,739
895
145
4,100
3,390
466
4,302
1,130
230
4,215
3,000
76
7,807
1,090
225
3,810
3,225
572
2,386
1,040
180
4,770
3,525
1,019
3,360
1,065
240
4.765
3,920
521
5,777
1,130
195
4,975
3,790
622
2,342
1,040
205
4,325
3,275
0
3,361
1,005
210
4.240
3,130
848
1,725
820
155
3,750
2,970
183
2,300
1,050
175
4,230
3,050
508
3,272
982
3,679
$ per lb..
Tin:
Imports (for consumption) :
Ore (tin content)
Metal, un wrought, unalloyed
Recovery from scrap, total (tin cont.)
As metal
Consumption, total
Primary
.6379
496
524
132
439
471
131
513
522
144
Ifi7.6
Refiners' (primary), refined and antlmonlal
(lead content)
thous. sh. tons_
Consumers' (lead content) d*
.do...
Scrap (lea^-base, purchased), all smelters
Price, common grade, delivered
.6418
114.3 ' 118. 5
104.3
111.0
94.7
96.6
9.6
14.4
.4100
76.8
.2000
4,450
3,250
do
do .
$ per lb
3,407
9,979
2. 2748
8,415
10, 442
3. 9575
100
9,840
3. 6533
57
10, 205
3. 709b
301
10,442
3.5187
1,536
11, 685
3. 6376
92
12, 910
3. 7203
596
10. 170
3. 6604
96
10, 812
3. 5410
253
11,062
3. 4254
341
10, 874
3.4248
67
9,019
3. 3332
153
8,989
3. 3185
48
9,103
3. 2277
thous. sh. tons
478.8
U99.9
42.9
41.5
41.1
42.3
39.4
41.8
40.5
40.5
39.7
37.1
39.3
_
240.0
539.5
15.3
67.6
31.5
46.4
22.0
40.7
22.1
40.1
10.5
18.4
13.5
21.0
12.1
16.2
14.4
14.9
12.2
24.2
12.1
17.5
7.7
22.6
10.5
42.0
i 129. 7
i 298. 3
i 127. 1
i 258. 2
12.2
25. 0
9.9
23.4
6.6
20.8
5.8
23.0
6.0
21.8
6.3
21.2
5.1
21.2
6.2
21.0
8.2
17.9
8.5
18.1
8.3
18.3
7.9
19.2
Slab zinc: §
Production (primary smelter), from domestic
1583.5
i 555. 2
and foreign ores
thous sh tons
183.2
178.5
Secondary (redistilled) production
do
1 1, 503.9 i 1,287. 7
Consumption, fabricators.
do
14.6
19.1
Exports
do
Stocks, end of period:
122.9
120.8
Producers', at smelter (ZI)O
do
43.8
6.1
108.6
.2
47.0
4.5
90.5
.7
45.4
4.5
76.3
.8
45.8
6.3
78.9
1.1
38.3
6.7
68.4
.9
39.6
5.5
67.3
2.2
38.6
4.2
70.6
.7
30.1
4.0
68.3
1.6
27.6
2.1
72.1
2
( )
25.3
1.5
67.9
(»)
25.6
2.4
83.2
.1
29.1
3.1
94.1
(»)
86.0
178.8
.3911
108.0
161. 4
.3895
115.7
147.2
.3893
116.0
126.8
.3894
108.6
114.0
.3894
90.5
103.3
.3892
73.5
95.3
.3890
61.0
90.6
.3889
320
37.4
199.1
588.7
Exports, incl. reexports (metal) f
Stocks, pig (industrial), end of period
Price, pig, Straits (N.Y.), prompt
Zinc:
Mine prod., recoverable zinc
Imports (general) :
Ores (zinc content)
_.
Metal (slab, blocks).
.
Consumption 'recoverable zinc content):
Ores
Scrap, all types
__
do
do
do._do_ -
1114.3
.2066
i 210. 7
.3594
22.3
176.5
.3933
30.9
183.3
.3923
42.9
196.4
.3924
Price, Prime Western
$perlb..
Revised.
* Preliminary.
i Annual data; monthly revisions are not available.
» Less than 50 tons.
A Effective Jan. 1974 includes items not covered in earlier periods: Aluminum—pipes,
tubes, blanks, etc.; copper—imports of alloyed refined, and exports of ores, concentrates,
r
64.4
192.3
.3915
3. 2l95
3. 2403
9.4
58.4
.1
54.0
60.7
' . 3895
.3890
blister, etc.
§ All data (except annual production figures) reflect GSA remelted zmc and
zinc purchased for direct shipment.
d" Includes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
f Effective with the Aug. 1974 SURVEY, data revised to omit exports of wrought tin ana
tin alloys.
0 Producers' stocks elsewhere, end of Nov. 1975, 21,900 tons.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1973
1974
Annual
December 1975
1974
Oct.
1975
Nov.
Dec.
Jan .
Feb.
Mar. j Apr.
May
June
July
Aug.
Sept.
Oct. j Nov.
i
METALS AND MANUFACTURES— Continued
MACHINERY AND EQUIPMENT
Heating, combustion, atmosphere equipment, new
orders (domestic) net otrly 9
mil $
Electric processing heating equip
do
Fuel-fired processing heating equip
do
128 6
19.9
75.8
p 154 3
23.8
P 91. 1
Material handling equipment (industrial):
Orders (new) index seas adj 11
1967 — 100
190. 3
202.7
182.6
150.4
151. 1
126 8
133.2
133.7
127.2
125.9
126.1
133 5
132.6
179. 0
21,387
21, 917
22, 661
26, 048
2, 190
2, 685
1, 955
2,482
9
155
2,512
1, 626
2, 1<J5
1,690
2,233
1,549
2,148
1,431
1, 946
1,199
1,762
1,046
1,496
802
1,223
825
1,029
1.067
1,249
1,079
1,344
52, 014
55, 124
5, 368
4, 947
4,062
3, 756
3, 509
3, 551
3, 224
3,250
2,781
2,011
2,479
2, 557
3. G33
Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-type
do
Industrial trucks and tractors (internal combustion
engines), shipments
number
Industrial supplies, machinery and equipment:
New orders index, seas, adjusted
1967-69=100..
Industrial suppliers distribution:
Sales index, seas, adjusted!
1967 = 100
Price index, not seas. adj. (tools, material handling
equip., valves, fittings, abrasives, fasteners,
metal products etc )*
1967 — 100
Machine tools:
Metal cutting type tools:
Orders new (net) total
Domestic
Shipments, total
Domestic
Order backlog, end of period
_.
Metal forming type tools:
Orders new (net) total
Domestic
Shipments total
Domestic
Order backlog end of period
40 8
19.2
9 8
36 6
9.9
17 7
36 7
4 2
9
33
33 6
6.2
12 3
149.7
176.5
181.2
165. 7
151. 5
147. 1
150. 1
141. 9
131,6
132.2
134.6
136.3
144.6
147.8
147. 8
139.6
167.8
185. 2
185 5
167. 2
172. 5
170,8
161.8
164. 6
165. 2
162.2
164.2
166.3
161.6
167.4
126 9
146 6
160 7
161 5
162 9
165 0
166 9
167 8
168 4
168 7
169 4
170 2
170 5
170 6
170 8
mil $
do . _
do
do
do
1 825 45
1,550.40
1,073.75
935 05
1,453.7
2, 017. 05
1,715.65
127 75
99. 55
129.05
108 45
2,168.1
do
do
do
do
do
787 20
717 20
4°7 25
388 05
6?0 6
485. 20
405. 85
584 70
521.80
521 2
1, 445. 85
1, 241. 35
2, 025. 2
59 30
90 95
45.15
74. 55
128. 90 164.30
110 05 138 20
2,130.2 2, 025. 2
42 65 7 _ i i 30
33.50 7_i4 50
69 80
51 60
57 905
48 35
62 8
559 9
Tractors used in construction, shipments, qtrly:
1
1
23.623
Tracklaying, total
units
24 872
1
1
mil $
835 1
690 6
2 5 gQO
2 g 273
Wheel (contractors' off-highway)
units
2 055 6
mil $
Tractor shovel loaders (integral units only), wheel
and tracklaying types
units
53 608 5 51 ,573
1
°39 5 6 1 135 1
mil $
Tractors, wheel, farm, nonfarm (ex. garden and 1
construction types), ship., qtrly
units. . 212,072 s 233, 842
mil $
1 329 8 5 1 785 3
18 15
12 85
56 85
4'J 45
591 °
46.65
61.85
67 75
40.90
51.05
55. 75
123.35 151.90 178.55
103 55 124. 60 147.25
1 ,%9. 6 1, 864. 4 ,,«,7
15. 95
10. 45
(i4. 65
53. 60
435 3
15 55
8 90
59 80
44 75
484 0
10 o*
14 20
43 10
36 95
363 8
17.35
13. 05
65 00
52. 80
387 6
19.35
12. 50
45 15
39, 50
338 0
36 25
27 35
39 90
34 85
334 4
5 611
276 5
1 219
73 6
6,487
9
80 6
- 21 "8
65. 0
5
81.60 82.45
76. 80
67.35
73.60
60.10
177. 10 171.20 179,70
15 ', 20 139. 15 154 10
1,647.4 1,557.8 1,460.6
13 131
5
3?" 5
17 45
15 00
33 35
97 65
318 5
29. 95
24.60
51.80
43. 20
296 6
r
r
91.60 P 90. 55
85.45 P 78. 55
170.00 -"160.35
143.10 pl31 15
L261.0 P 1,191.2
86 S
0
8,519
256 1
65,411
644 7
61 971
582 2
J>30 95
^27 00
P 47 85
;> 9 40
43.
p 58 0
19. 70
17. 35
40. 75
34.45
275 6
4, 732
260.6
1 070
71 9
5 570
293 1
r \ 3'T|
10,203
280 5
5 57, 987
5 501 9
72.80
76 95
58.85
65.30
149 05 121.85
116 80 101.95
1,388.5 1,339.4
166. 1
43. 900
464. 6
10 871
r 303
ELECTRICAL EQUIPMENT
Batteries (auto, replacement), shipments
3,811
2,868
2,504
2, 550
2. 570
2,487
2,463
2,865
3,573
4,432
4, 613
3, 1MO
2,514
2.143
< 2, 653
3, 034
2,380
* 3, 072
3,418
3,178
< 3, 696
3, 271
2, 564
« 1 029
779
729
« 762
769
751
* 943
765
919
* 1, 293
1,069
878
1 . 823 * 1, 664
64 7
259 6
22 r > 1
192. 7
1,754
264 1
176.1
138. 4
137, 1
271. 5
1.970
337 4
186. 8
160. 8
150. 0
339. 1
2, 060
378 8
211.8
164. 2
160.2
338. 9
9
16 Q
319,8
2,174
446 5
207. 8
141.6
154. 6
390 0
2.367
343 5
229. 0
183.7
186. 2
486.4
°34 Q
384! 2
2,270
147.0
195. 4
191.3
176.6
516,3
9
76 4
403. 4
2, 106
71.6
2,243
27.4
253. 1
206. 5
187. 2
464. 8
949 Q
480. 5
2,246
101, 0
318.1
214. 6
198.3
456. 6
184 8
429. 1
thous..
43, 453
44, 408
4,760
3,960
Radio sets, production, total marketed
thous..
Television sets (incl. combination models), production, total market cf
,.
.-thous
50, 198
43, 993
4,020
4, 058
(
17 367
15 279
1,263
1, 297
35.0-16
5 346
3, 702
2 974
3 43C
6 774
31,680 « 2, 567
4 554
140 4
302 3
3 316
204 3
2 555
2 925
233 0
54)4 5
5 982
339 1
3 "0
4, 952
443. 3
352. 8
3, 580
8 470
726 0
1,896
140 9
248. 9
187. 4
190. 8
339 9
30° 4
249. 6
589. 1
453. 7
149. 7
165 7
190,8
111,2
136 3
178.5
92.5
139.6
Household major appliances (electrical), factory shipments (domestic and export)* 9
thous
Air conditioners (room)
do
Dishwashers
do
Disposers (food waste)
do
Ranges
do
Refrigerators
do
Washers,.. __
Dryers (incl. gas)
Vacuum cloaners
do
do ..
do
° 415
5, 504
4, 256
1
9 124
9
1S1.4
201. 8
3-3 5
•:>(";•> g
IS 5. s
147.6
145. 4
i>9g 9
293 0
248. 2
9]0 6
9fs7 2
300. 7
315. 6
2 1 a. 8
91° 8
354. 4
178,7
178.6
417. 6
070 4
424. 3
m, 690.1
^2 549,4
GAS EQUIPMENT (RESIDENTIAL)
Furnaces, gravity and forced-air, shipments, thotis..
Ranges, total, sales
do
Water heaters (storage), automatic, sales
do
1,720
2 481
3,080
1,476
1 950
2, 569
178. 3
78.4
1 L4, 2
204. 5
86.5
95 8
215. 1
14S.8
96.5 r 121.4
134.3 ' 147. 0 142, 8
212.6
206. 8
79. 0
125,0
234,3
85. 5
151.0
207. 8
92 8
118. 7
226 '2
470
15
52"
6*-
460
bJ
o30
4^
49T
1 >2
"ih
46 42S
82,7 ! 79,3
141. 4 1 134 0
268, 1
233.8
4o 423
46 423
4o 42^
r 42^
4*5 1 s
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
1
Production %
thous, sh, tons...
641 j r 610 !
6,830
6, 617
Exports
do.
104 i
717
735
78 !
Price, wholesale, chestnut, f.o.b. car at mine
$ per sh. ton.,
29. 972 35 481 ; 41.711 11.71!
Bituminous:
i
Production t..thous sh. tons.. 591,738 ''603,406 60,293 33.524 3;;, 980
' Revised.
Preliminary.
i Annual data; monthly or quarterly revisions
3
3
E i^Hido.- figure^ for rubber-tired dn?ers.
Frr n i o p f h •;!
other periods, 4 weeks
s Beginning 1st qtr 1974 irac^shipnuRts of tractor shovel-loader'backhoes (front engine n:o
tractor chassi. only are now included in the wheel factor das
valued at 35153.1 mil.X
« Data ire for 6 weeks
7 R e , ]( rt
8
for Nov. 1974, mostly in the automotive mdu'tn FfTe'Miving restated year-agn jnonth), the total Mioludt > shipnent^ of t
Factors are not included in annual totals cr in ligure^ for other irotiths r.f 1^74
10
Ma^ J u l y .
t E f f f d H e June 1«»73 S C R V L Y , index ievisetl hack to lyTu.
i
4±5
14
I
,10
3-> ,
41 711 ' 41 "11
!
i
270
US ,
41 711
r- -
r
r 7 j i 15, ">6» 49 343 ^5, 600 (.1 1 ' ^
:.l 135 "U.'H ' 51 IT 5\37)
1
n
{"vi "1 d i t i f ~ > i T > i j C l \pi 1 »"} M r i i t h e T ,1 1975 S«- R\ FY ^a ?t ]iie t i
b t M I T in 1 > i 4 is < ' P > t1« £. s
* \ o 1* <« f i o m \!1 i - p • I t i If? 8U U , - f
\ F\
\ \ i i 1 it 1 I i ! ' 1 ~4 ^ * VllJ I t
A\ 1- Sf ^ prodiK pd 1 1 the Vi ^ 1
C
f
1
l
{ t v I -> i I i » *
1M,
pu t r . j ]]M t] f K
- <>
i l l t s !(
* r»i f i i.v , \ *i i i ^< . -
PfpT
T
i) i i ' {i
-I
U
Iii 1 i 1 -.
f 1
e^ oj ]i
U-u 1
'
i
11 J
1 ' 1 i '1 >
»• i^ i 1 1 a r
t
A, b CTI i !u i / M 3
SURVEY OF CURRENT BUSINESS
December 1975
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
1973
1974
1974
Annual
S-35
Nov.
Oct.
1975
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Nov.
Oct.
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL— Continued
B
Humlnotis — Continued ?
Industrial consumption and retail deliveries,
total 9 . - - _ _thous. sh. tons . 556, 022
Electric power utilities do
386. 879
Mfg. and mining industries, total _ ._ ^ d o . _ _ 160, 827
Coke plants (oven arid beehive)
. do
93, 634
552, 709
390, 068
153, 721
89, 747
45, 868
31,904
13, 416
7,711
44, 598
32, 002
11,761
6,581
47, 521
34, 961
11, 605
6, 135
49, 669
35, 547
13, 001
7, 295
45, 725
31, 982
13, 052
7,031
47, 396
32, 833
13, 860
7,880
43,753
30, 333
13,021
7,427
42,683
30,128
12, 268
7,282
44,887
33,120
11,429
7,081
47, 485
36, 186
10,811
6,627
49, 091
37, 759
11,012
6,553
8,200
8,840
810
820
950
1,121
690
703
396
283
335
486
318
103.022
85,512
17,220
6,875
95, 528
82, 631
12,617
6,037
118,670
99, 422
18, 738
8,348
109,192
93, 272
15, 576
7,246
95, 528
82, 631
12, 617
6,037
95, 15S
81,693
13, 252
7,140
97, 164
80, 026
16,813
8, 010
97, 904 1 02, 745
80, 859 85, 692
16, 766 16, 793
8, 980
8,665
109,796
92,054
17, 428
9,603
Retail deliveries to other consumers
do
Stocks, industrial and retail dealers', end of period,
total
tlious. sh. tons_Electric power utilities
_ _.
do _.
Mfg. and mining industries, total
do
Oven-coke plants _ _ __
do _ Retail dealers.
Exports.
Price, wholesale*
do _
do ....
Index, 1967=100
. .
115,041 109, 313 108, 680
96,839 92, 995 93, 051
17, 796 15, 884 15, 204
7,340
8,126
10, 009
290
280
510
344
280
213
325
279
260
314
379
434
425
52, 870
222. 5
59, 926
339. 5
7,342
402. 6
6,744
402.5
2,f87
435.4
4. 254
435. 9
4,470
415.4
5, 653
391. 8
6,159
390.8
7,011
389.6
6,269
386.0
4,691
382.0
5.859
377.3
4.529
372.4
2829
2792
63, 496 2 60, 737
26, 458
24, 749
69
5,214
2,066
64
4,427
1,975
62
4.067
2,192
65
4,924
2,178
68
4,750
1,965
67
5, 324
2,104
67
5, 030
2,043
56
5, 052
2,031
52
4, 765
2,140
52
4,532
2,259
53
4,427
55
4,250
1,298
1,269
29
1,294
1,064
1, 033
31
1,243
935
910
25
1,084
1, 054
1,025
29
1,077
1,262
1, 219
43
1,090
1,442
1,372
70
1.142
1,733
1,634
99
1,191
2,261
2,131
131
1,211
2,889
2,741
148
1,216
3,522
3,323
199
1,283
3,867
3, 654
213
1,325
3,821
3,618
203
99
107
65
105
127
109
132
133
138
105
89
117
93
1.131
226.2
398. 3
87
1,088
231.0
386.0
87
1,339
223. 0
404.9
88
1,299
223. 1
395. 8
85
1,097
228. 6
353. 9
85
1,341
230.2
384.3
83
1.181
232. 2
368.3
82
1,100
234.2
384.7
83
1,246
2r.6. 0
385.6
86
1,229
250.4
414.9
89
1.272
256.1
416 0
1,504
256.1
1,633
257. 8
1,619
261.0
4,647
370.2
3u3.0
COKE
Production:
Beehive
Oven (byproduct)
Petroleum coke §
Stocks, end of period:
Oven-coke plants, total _
At furnace plants _
A t merchant plants
Petroleum coke..
thous. sh. tons
_ do
do .. .
.do _ .
do
do_.
. do...
_
Exports
do
1,184
1,113
71
1,995
935
910
25
1,084
1,395
1,278
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
Price, wholesale*
Runs to stills O Refinery operating ratio
2 9, 902
number
126.0
. -Index. 1967 =-100
4, 537. 3
mil bbl
% of capacity-91
All oils, supply, demand, and stocks:
New supply, total cTt
Production:
Crudo petroleumt
Natural-gas plnnt liquids?..
Imports:
Crude and unfinished oils
Refined products}:
_
12,718
211.8
4, 631. 6
387
6, 289. 5
6, 050. 7
509.4
509.6
517.8
525. 1
460.0
492. 6
454.4
470.9
465.1
495.3
501. 6
do
do
3, 360. 9
645. 1
3.199.3
629.2
5 267. 1
53.2
5 257. 1
51.8
6 263. 9
52.7
261.6
51.5
240. 1
46,9
262. 8
52. 2
253.2
50.2
259. 5
50.9
252.3
50.6
258.1
51.8
255. 1
59 5
do
do
1,234.2
1,049.3
1,313.4
908.8
120.4
70.3
120.7
79.1
122.2
84.0
125.8
86.2
108. 5
64.4
114.7
63.0
102.2
48.8
108.9
51.6
118.4
43.8
131.3
54.1
143.1
51.0
49.3
65.3
-8.2
-2.3
-29. 7
«-22.0
-12.9
-9.9
-19. 2
12.2
1.8
15.2
20.6
6, 401. 7 6, 150. 0
534.6
522. 0
565.1
564.5
485. 3
512. 4
486.9
474.9
475.1
494.4
495.1
mil. bbl
Change in stocks, al! oils (decrease,— )... do
Demand, total ©?
ExportsCrude petroleum
Refined products!
3
do...
.7
83.7
1.1
79.4
0
6.8
0
5.6
0
7.2
.8
6.2
.9
6.0
.3
6.3
0)
5.7
0
6.3
0
6.7
0
5.8
0
6.3
6,317.3
Domestic product demand, total 9 ©t
do
Gasoline?
do
2, 452. 7
Kerosene
._. _ _ do ..
78.9
6, 069. 5
2 402. 4
64.4
527. 8
209. 7
6.0
516.4
197. 6
5.9
557. 9
2013
7.6
557. 5
193. 4
6.8
478, 4
171.7
7.1
505. 8
197.1
5.2
481.2
202. 7
4.4
468.6
214.1
3.0
468.3
213.5
4.0
488.6
219. 7
3.0
488.8
218.6
3.3
1,072.3
957.8
362.6
88.8
80. 9
31,3
94.4
84.6
31.0
119.5
91.9
32.3
122.5
100. 5
32.3
106.5
79.8
30.1
102. 1
82. 7
30.4
92.8
66.8
30.2
73.9
63.5
30.3
68.0
65.4
29.7
65 5
69.4
29.6
67 4
65.6
39 4
56.7
168.7
512.8
5.0
19. 4
45.7
4.4
12.1
47.4
4.4
6.7
52.0
4. 5
5.6
52.5
3,2
5.3
41.9
3.2
6.1
43.0
4.3
9.1
36.8
4.2
12.7
30.7
4.5
17.1
29.7
4.2
18.3
36.5
4.6
19.1
37 9
1,105.7 1,103.3
269. 4
271.1
118. 4
117. 2
715. 0
717.8
n, 121.1
265. 0
113.6
< 742, 5
1,0'^ 1
270. 5
lo r 3
t J3. 4
I (W< 1 i, 076. 4
2x0. 0
2"t 3
110.5
10 H
()b5. 9
?i»- 7
1.057.2
'281.9
114.1
661.2
190. 1
0)
221. 9
200.1
2
* 228." 3
203. 0
0')
245. 9
176, 7
.3
255. 4
189. 2
182.3
o-- l > i
235. 7
191. 1
(»)
217. 0
9Q1 2
22 i. 1
210. 0
0)
218 5
C1)
215. 2
0)
218.4
196. 2
186.7
184.9
187.0
189.1
191. 1
193.3
199.0
206, 8
215. 5
228. 9
233.7
« 235. 1
233.0
.409
.407
.412
.423
.422
.425
.428
.438
.452
.474
,480
.480
.481
. 476
1.3
n)
3.3
1.3
<l)
3.5
1.0
0)
«3.5
1.1
0)
3. 6
.9
0) *
.9
C)
3.0
1.1
(!)
1.1
3.5
.9
(0
3.3
3.0
0)
2.9
1.3
(!)
2.7
9 9
5.8
17,0
5.4
16.7
6.0
«16.9
16*. 5
5.7
15.3
4.9
15.2
4.5
15.3
4.2
16.5
2.8
15.4
16.0
254. 7
261.4
257.9
253. 7
267 2
274. 9
273.6
280.6
284.6
283.7
17 2
- i299.1
297.9
299.4
304.2
Distillate fuel oil?
Residual fuel oil?
Jet fuel?
--
do
do
- -
do
1. 128. 7
do
1,030.2
do - i 386.6
. _.
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
182.6
528.8
59.2
do
do
do
do
1,008.3
242. 5
107, 0
658.8
n, 121.1
...do...
do
do
2, 401. 9
1.7
213.4
2, 337. 5
1.0
* 228. 3
265. 0
113.6
* 742. 5
Prices ('excl. aviation):
Wholesale, regular* .
Index, 2/73=100
109.9
178. 4
Retail (regular grade, excl. taxes i, 55 cities
(mid-month) ff
'.'.$ per gal...
.404
.269
Aviation gasoline:
Production.
mi-, bbl
16.4
15.9
9
Exports?
do...
.1
Stocks, end of period
do
3^9
«3.5
Kerosene:
Production... .
do
80.1
56.9
Stocks, end of period
. do
21.0
«16.9
Price, wholesale (light distillate >*
Index. 1967 = 100..
128.0
226.7
r
s
Revised.
i Les<5 than 50 thou^ard h^el^
Reflec ts revisio
n
r
4
rro"t^«5
* B f g j r n i i p J n i "4 d t -i
> , - f t n PUT Of IP ^e coi dn
H c i V 1 ^ ui'fl M^erl , iK i i i d r t U i ' i» < > T v. v i li > e . 10 < - K ]
di^tillarH-i la Cities No r-oi i j » - i i ' T V ' t t [j ( <** \ ^ i v n o l ^ ai^. <i\ n
P* - 1 ri ^ r k x i^un > l i 4 f t > p i i \ ,1
' ^i i hi i u' ' t k t
cor imicif \ « ith ! *• ' P foi c al t * pf T 1 1 \ > iru .^t. IK n i 1th
'
5
Adjust M€J t s5d t f f a i M g MIT )nH n ,] f - !^ ( i ( 3 a * \ MH 1 t -l> l a t l t IV
1
a latt relate
\ o t < u i t a i < v, f
ar ie f > * <: ^t t )i , 1 nr M
9 Includes data not si owe separaiei>
§ i r i o u - f* » I \)li\iQ iketable
197.8
C1)
s not tavailable by
tte v m I il g !<. p ant
1 roue! the crnd 3 Oil
4
\Me
Btgmrling
i mil aK and aie not
' i the -v teimn Us
-> Huu Hi of M pies a t
- I tee
atal>it c oke
0)
1,069.4 1,071.2 1, 086. 4 1,106.9
281.0
276.1
256. 6
264.2
121.2
119.9
118.1
116.3
667.2
675.1
732 '^
705.9
0. /
c ^ I nclrde^ small ani nun's o ' "other hydroca •bons an d hydrogen refinery input,'" not
sho*u -t i r T M .
t V > n < h l j revision s back tc 1972 wil 1 be shown later.
ff } i H f M - ! i f March 1 '74 Su BVEY, da ta are re.stated t 3 account for processing gain and
CMK!P 1 !-MS ' 1 pu V101jOy i' P!L ied, coniparable 3ata for e arhei peiiods Vviil be shown later
4
' ".\ e vu > Tan. U74']aTd , striesk iowii as ' 'Cross ,n put to °rude v u l distillatioa ur its' ,
H t T U ° (.
, ] 'pp
* \Te v <er!es The a m *ce h is d sc mtinued o n e s f n trie former
SpPf
"o~ r»a,a 1 v , idex e* for ear lier neru 4s will 1 p sh >wn laU r For ea>olme and
r
kti. «
n t on p ^ 36.
, >i nb
<1 Beg rmme, TI lie 1975 S U R V E Y , M » ^ puces for all
i i i on r T
tvn 1 1 an /-p. i f < r wa'i (i (* , D e > p ice move <f in o Jan. penod; sin- e th^y are
for ' ij i i U / U , ' h" I F S ' t -ul uf "Is ; uf merit h" as for m.J> .
« v oi r ^p*ed
t
SURVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
1973
1974 *
Annual
December 1975
1974
Oct.
1975
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
Aug.
July
Sept.
Oct.
Nov.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS-Continued
Refined petroleum products— Continued
Distillate fuel oil:
1, 030. 2
Production
mil. bbl
143.1
Importst-- - -- - do.-3.2
Exports
do
196.5
Stocks end of period
do
Price, wholesale (middle distillate)*
.
139.7
Index, 1967=100...
Residual fuel oil:
354.6
Production
mil. bbl
676.2
Imports^
do
8.5
Exports!
do
53.5
Stocks end of period
do
190.4
Price, wholesale*...
.Index, 1967=100...
Jet fuel:
Production
Stocks end of period
mil. bbl
do
Lubricants:
Production
Exports J
Stocks end of period
do
do
do
Asphalt:
Production
Stocks end of period
mil. bbl
do
974.0
102.5
.9
* 223. 8
83.7
6.6
209.9
84.0
90.7
16.0
13.3
.1
.1
212.9 * 223. 8
(2)
88.4
10.0
199.8
75.0
8.5
.1
176.7
(3)
78.5
7.9
75.4
4.2
77.2
2.0
(2)
(2)
161.1
74.6
3.3
.1
146.3
152.1
163.3
181.5
197.4
(2)
80.3
3.3
2.9
(2)
(2)
272.0
297. 9
296.0
300.1
299.1
297.5
294.6
294.9
296.1
301.3
308.3
312.9
318.2
322.9
330.8
390.5
573.8
5.0
«74.9
485.4
34.1
45.4
.5
58.7
519.5
36.9
49.1
.2
60.4
506.6
41.4
50.0
.5
<74.9
514.8
43.9
51.0
.5
69.2
604. 4
37.9
39.3
.5
66.5
515.8
40.3
40.1
.3
64.1
528.2
37.3
31.4
.2
66.3
534.6
35.7
34.8
.2
73.5
491.3
34.6
27.1
.6
69.7
489.3
35.8
35.5
.5
71.5
479.9
30.4
.4
71.9
473.3
458.1
461.8
450.4
313.7
28.5
305.1
*29.8
26.9
30.6
25.9
29.6
26.7
•29.8
25.8
30.3
23.4
29.1
27.8
30.5
25.9
30.3
26.7
30.7
25.2
29.3
27.4
29.8
31.1
68.7
12.7
12.2
70.7
11.9
• 16.1
5.9
.9
14.9
5.8
1.0
15.4
5.8
.8
« 16.1
4.9
.8
15.7
3.7
.8
15.5
4.6
.6
16.5
4.4
.7
16.0
4.5
1.0
15.4
4.6
.7
14.9
4.8
.9
14.7
.7
14.2
167.9
15 0
164.2
*21 6
16.8
15.4
13.3
17 0
4
10.8
21. 6
8.2
24.4
7.5
26 9
9.2
30 2
9.4
30.7
13.1
31 6
14.4
29.6
16.6
28.4
26.3
583.9
447 0
136 8
98 6
571.3
447 9
123.3
* 112 5
48.6
38 4
10.2
128 9
46.5
37.5
9.0
122 4
47.4
38 6
8.9
112 5
47.6
38.0
9.5
102 8
43.0
34.7
8.3
98 5
47.4
38 7
8.7
97.1
44.9
36.7
8.2
101.4
46.2
37 0
9.3
111 7
45.5
35.8
9.7
124.1
47.6
37.2
10.4
131 2
138.5
Liquefied gases (incl. ethane and ethylene) :
Production total
A.t gas processing plants (L P O )
At refineries (L R G )
Stocks (at plants and refineries)
mil bbl
do
do
do
4
37.8
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
do
73 493
73 596
4 686
77 302
74 459
7 238
7 175
6 594
7 629
6 234
6 019
7 521
5 945
5 505
7 995
5 809
5 868
7,994
5 384
5,325
7,702
5 056
5 527
7 477
4,802
5,059
6,764
5,073
5,155
6,372
5 027
5 244
5,834
5,010
6,330
5,497
5,476
6,346
5,448
5,371
6,411
thous sh tons
do
12 374
516
12 106
848
998
879
844
877
649
848
740
787
693
82(5
699
795
770
775
744
755
750
744
696
752
'770
'740
776
744
WOODPULP
Production:
Total all grades
thous sh tons
Dissolving and special alpha
do
Sulfate
do
Stilflte
do
48 327
1 637
33 045
2 184
48 417
1,723
33 010
2*210
4 334
161
2 920
199
3 918
152
2 699
198
3 372
125
2 286
192
3,727
138
2 568
203
3,401
126
2,305
170
3, 076 53,215 8 3 208 « 3 171 5 3, 569
107
106
111
95
88
2,583
2 359
2 334
2 307
2 240
166
146
149
153
148
s 3, 396
87
2,436
179
365
203
250
339
211
250
3
Oroundwood
do
Soda and semlchemical
do
4 670
2 740
4,052
4 711
2 729
4,035
369
333
353
370
210
288
347
198
225
Stocks, end of period:
Total all mills
Pulp mills
Paper and board mills
Nonpaper mills
do
do
do
do
874
380
413
81
1 177
440
637
100
654
152
415
88
697
162
441
94
1,177
440
637
100
964
351
526
86
Exports, all grades total
Dissolving and special alpha
All other
do
do
do
2 344
736
1 607
* 2 802
788
1
2 015
216
67
149
215
69
146
259
66
193
Imports, all grades, total
Dissolving and special alpha
All other.
do
do
do
3 993
177
3 816
» 4 123
221
3, 902
384
35
349
297
9
288
312
16
296
1
3
5
3 221
117
2 289
176
362
(5)
5
330
(5)
327
(5)
342
(6)
397
(fi)
315
360
(8)
263
277
262
277
272
934
423
434
78
1,179
630
470
78
1,222
655
494
73
1,271
719
489
63
1,258
710
63
1,231
682
475
74
260
74
185
261
69
192
255
75
180
184
47
137
205
66
140
208
36
173
267
9
258
238
9
229
296
17
278
248
5
243
245
10
235
278
24
254
4 200
2 096
1,835
g
261
3 937
1 778
1 84H
7
304
4 Oil
1 787
1,852
8
365
4 048
1 768
1,886
8
387
4 184
1,799
1,985
8
392
f
389
(5)
305
1, 140
611
'465
••65
1,047
540
448
59
183
58
124
218
55
163
207
59
149
267
11
256
223
12
211
242
4
237
r
4 613
4 209
1,849 r2,006
1,951 »• 2, 137
r
8
r
435
403
4,569
1,995
2,155
8
411
484
PAPER AND PAPER PRODUCTS
Paner and board:
Production (Bu. of the Census) :
3 874
61 304
All grades total unadjusted thous sh tons
5 184 4 662
59 934
2 Oil
Paper
do
2 391 2 222
26 483
26 861
2 114 1,604
2 396
Paperboard
do
29 267
27 892
11
9
8
Wet-machine board
do
149
144
252
386
317
Construction paper and board
do
5 037
5 406
Wholesale price indexes:
159.6
159.6
112 4
159.6
Book paper A grade
1967 — 100
140 9
166.4
170.3
166.3
152.2
Paperboard
do
115. 1
120.9
121.3
123.9
Building paper and board...
..do
112.8
123.5
r
Revised.
» Preliminary.
l
* Reported annual total; revisions not allocated to the months.
Less than 50 thousand
barrels.
3 Beginning with January 1975, data for soda combined with those for sulphate;
not comparable with data for earlier periods.
* See note 4 for p. S-35.
«Beginning March 1975, data for defibrated or exploded, screenings etc., not available;
not comparable with those for earlier periods.
tMonthly revisions back to 1971 will be shown later.
*New series. The Bureau of Labor Statistics has revised its pricing program and discon-
170.6
169.7
170.6
170.0
170.7
169.9
170.6
170.4
169.9
170.7
170.7
131.4
131.2
128.8
123.6
127.7
126.2
127.4
123.4
125.7
124.1
124.4
tinued prices for the former specification. The index shown is developed from revenue and
volume data collected directly from petroleum companies. The pricing formerly was based
on spot quotations in trade journals, which over the past year have come to represent a
decreasing portion of domestic transactions. Because of the time required to collect the new
data there will be a one-month lag in pricing; e.g. the May index reflects changes in prices
from Mar. to Apr. Except for gasoline, (p. S-35) comparable data prior to April 1973 are
available upon request.
December 1975
S-37
SUKVEY OF CUKREXT BUSINESS
1973
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
In the 1973 edition of BUSINESS STATISTICS
Annual
1975
1974
1974
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
Aug.
July
Sept.
Oct.
Nov.
PULP, PAPER. AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Selected types of paper (APT):
Oroundwood paper, uncoated:
Orders new
Orders, unfilled, end of period
Shipments
Coated paper:
Orders new
Orders unfilled, end of period
Shipments
Uncoated free sheet papers: t
Orders new
Shipments
Unbleached kraft packaging and
verting papers:
Orders, new
Orders unfilled end of period
Shipments
Tissue paper production
1,240
153
1,208
1 255
167
1,246
140
209
129
86
156
101
90
167
98
96
149
93
88
157
76
93
171
86
74
180
88
93
182
92
102
195
84
89
197
90
114
202
101
105
207
97
3,729
410
3,825
3,642
296
3,832
303
349
323
268
324
294
250
296
279
266
282
285
222
254
258
232
221
258
222
199
248
246
207
243
238
203
249
252
206
252
264
199
273
263
199
260
do
..do
industrial con-
6,701
6,851
6,355
6,946
533
624
432
548
333
433
356
432
317
358
364
384
400
395
416
434
418
441
459
MSO
••457
••489
499
493
.. - .. . do
do
do
do
3,987
193
4,019
4,039
4,135
135
4,187
4,085
352
183
378
358
368
144
367
349
328
135
337
321
332
129
339
341
269
111
287
315
223
109
225
333
238
111
236
333
268
123
256
335
273
121
270
327
272
127
263
311
316
131
312
345
310
142
304
322
'9,548
9,597
3143
816
849
193
767
760
200
773
830
143
823
751
216
760
711
265
824
791
298
771
748
321
801
806
317
759
787
289
645
651
283
597
623
258
510
530
237
487
518
206
»3,481
3, 480
323
311
311
23
314
310
26
281
284
23
326
324
23
291
285
29
321
314
36
272
270
38
260
261
36
284
281
39
285
290
34
323
316
42
294
298
38
324
331
30
37,022
618
597
578
503
477
548
540
569
529
482
507
515
565
827
894
954
1,016
1,035
1,014
1,046
1,090
1,104
1,045
983
630
656
575
553
565
536
552
537
440
435
181.8
181.8
184.7
184.7
184.7
184.7
184.7
184.7
184.7
184 7
thous sh tons
__„_
.do
do
--
Newsprint:
Canada:
Production
Shipments from mills
Stocks at mills, end of period
do
do
do
do
do
do
9,140
9,199
193
do...
do
do
3,678
3,682
24
Consumption by publishers^
do__
Stocks at and in transit to publishers, end of
period
_.thous. sh. tons
7,658
603
»827
763
774
Imports
do
Price, rolls contract, f.o.b. mill, freiprht allowed
or delivered _
Index, 1967=100
7,410
7,399
637
537
« 122. 2
« 151. 2
164.4
164.4
164.4
181.8
Paper board (American Paper Institute):
Orders, new (weekly avg.)
thous. sh. tons
Orders, unfilled §
do
Production, total (weekly avg.)
do...
518
1,603
569
342
876
556
538
1,347
562
469
1,174
525
342
876
395
447
943
432
450
888
471
406
841
427
445
883
448
479
871
474
473
856
482
469
981
434
497
997
512
520
1,093
482
563
1,198
562
543
1 233
544
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
mil. sq. ft. surf, area .. 1 228,052 1216,072
18,432
15,461
12,493
14,474
13,571
14,571
15,379
15,986
15,441
15,816
16,778
15,851
2,560.0
1,700.0
227.8
163.2
190.8
139.1
193.7
142.3
190.9
141.3
177.2
131.9
182.3
135.9
192.4
142.4
186.2
139.0
United States:
Production
Shipments from mills
Stocks at mills, end of period
Folding paper boxes
thous. sh. tons
2,614.0
mil $.. 1,460.0
3
1
183.5
189.3
142.4 * 137. 2
r
18,360
19, 811
197.0
210 6
146. 3 ' 156. 5
227 4
168.6
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous. Ig. tons.. 2685.44
2 122. 44
Stocks, end of period
do
2 642. 91
Imports, Incl. latex and guayule
do
707.72
135. 37
681. 32
68.56
127. 82
35.09
57.24
122. 52
45.16
.398
.320
.275
thous. Ig. tons. 2, 585. 49 2,476.79
do
2, 400. 84 2, 351, 24
do .. 2 520. 99 609.80
203 35
213.40
551. 39
184. 48
174.65
576. 78
18.00
19.13
Price, wholesale, smoked sheets (N.Y.)__$ per lb_.
Bynthetlc rubber:
Production
Consumption
Stocks, end of period
Exports (Bu. of Census)
. do
Reclaimed rubber:
Production.
Consumption
Stocks, end of period.-
.351
275. 84
267. 12
50.84
126. 88
41.26
50.00
126. 89
51.46
53.12
125. 44
52.34
55.51
113. 14
32.65
55.09
125. 15
58.41
46.77
118. 69
52.73
51.98
116. 75
59.72
58.04
107.05
54.29
57.15
.290
.295
.293
.293
.285
.293
.318
.303
.308
.300
153.83 « 153. 99
149.04 s 164. 84
609.80 5 596. 02
134. 24
154. 44
590. 19
136. 68
135 04
479 26
138. 71
149. 15
426. 60
153.63
149. 30
424. 70
149.78
153. 40
408. 20
144.89
137 57
390. 78
17.05
15 06
17.17
15.69
16 78
16.24
18.36
19 28
4 99
7 65
11 37
r
6 36
9 26
12 02
49.18 «57.68
135.37 5 125. 55
59.85 68.17
.315
16.80
14.52
do
do
do
2 201. 02
2163.71
2 20.96
.thous
223,418
211,390
19, 737
15, 245
12, 294
14,753
13, 184
do
do
.do
do
238,883
69,600
165,183
4,100
209, 418
55, 245
145, 449
8,724
20 552
5,571
13, 952
1,029
13,836
4,332
8,689
815
10 736
2,644
7,500
591
11 823 11 725
2,984 2 743
8,310
8,484
529
497
do
do
50,275
4 393
55, 242
9,229
50 851 53, 321
916
1 038
55, 242
646
5« 758
487
do
do
do
do .
38 701
44, 710
8,556
1,290
41, 415
46, 227
8,755
3,608
3 409
3 467
8 558
421
2 853
2 989
8, 755
303
3 449
3 302
9 360
442
150.85
142. 29
15.23
13.94
12.39
17.39
10.90
8.71
16.62
9.33 "9.21
8.06 *9. 18
15.23 5 15. 66
7 74
7.63
14 61
.300
172. 71 181. 99
153. 10 164 07
378. 87 366 61
5 60
8 23
14 14
8 85
8.68
13 53
12, 107
15,222
15, 677
16, 678
14, 531
16, 413 17, 878
15 316
3 577
11, 147
591
19 404
4 231
14,642
531
17 941
4 291
13, 123
528
19 384
4 469
14, 393
522
17 888
3 342
14, 156
390
16 332
3,852
12,007
473
54 082 52 037
' 577
574
49 803
495
46 990
*435
47 405 45 711
4.7ft
491
2 685
3*099
9 669
390
2 497
2 889
9 476
217
20 64
6 36
8 10
16 10
6 74
9.54
12 83
5 80
9 53
12 64
TIRES AND TUBES
Pneumatic casings, automotive:
Production
_
Shipments, total
Original equipment
Replacement equipment
Exports..
Stocks, end of period
Exports (Bu. of Census)
Inner tubes, automotive:
Production
Shipments
Stocks, end of period
Exports (Bu. of Census)
_
3 902
4 387
7 250
418
' Revved.
* Preliminary.
i Reported annual total; revisions not allocated to months.
» Publication of monthly rubber statistics was discontinued by the Census Bureau effective
with the Dec. 1972 report 'Series M30A>. Data beginning Tan. 1.973 are from the Rubbe*Manufacturers Association and are not strictly comparable with earlier data.
3 Beginning
January 1974, data reflect reduction in basis weight of newsprint from 32 to 30 Ibs. for 500
sheets measuring 24" x 36": data for January 1974 on 32-lb. basis (thous. short tons): Canadaproduction, 840; shipments, 815: stocks, 222; United States—production, 289: shipments. 285;
mill stocks, 29; consumption by publishers, 586, stocks at and in transit, 676.
< Beginning
60 970 57 721
498
601
2 884
2 599
9 782
321
o 335
2 644
9 658
253
2 798
2 830
9 838
425
2 656
2 734
9 921
351
o 703
2 779
9 546
267
19 883
5 206
14, 159
518
547
o 700
3 118
9 474
215
455
Feb. 1975, data reflect indexes in lieu of dollar amounts formerly shown.
* Metric tons
(thous.) beginning Jan. 1975.
J Represents the sum of uncoated book paper and writing and related papers (including thin
paper) formerly shown separately; data for new orders no longer available for the individual
items.
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.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition ot BUSINESS STATISTICS
1974
1974
1973
Annual
December 1975
Oct.
1975
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
39, 176
38, 941
41,745
Nov.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement
thous. bbl.
1
470,527
1
431, 516 45, 457
30,739
23, 181
19,191
17,553
21,787
28, 771
34,101
36,266
38,910
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick.. 8, 674. 1
Structural tile, except facing
thous. sh. tons
94.2
Sower pipe and fittings, vitrified
__do
1,647.0
Facing tile (hollow), glazed and unglazed
mil brick equivalent
122 3
Floor and wall tile and accessories, glazed and unglazed
mil sq. ft
300.6
Price index, brick (common), f.o.b. plant or
N.Y. dock
1967 = 100
130.8
6,673.0
99.7
1,454.1
595.1
10.4
133.3
444.2
9 6
98.6
346.4
8 6
79.7
321.2
85.5
292.6
81
65.8
352. 8
8 9
82.5
487.8
8.5
101.6
531.3
8.0
112.9
553.8
7.7
111.1
589.2
6.4
114.7
96 9
8 0
6 4
7 °
5 9
58
6 3
65
7 5
60
75
7.4
' 588. 3 573.2
r
7.3
6. 6
r
108.4
115.5
7
6 4
9
273.2
23.1
19.7
17 0
19.6
17 3
20.3
20.6
19.7
19.2
20.2
20. 1
20.6
143.5
149 1
149 1
151 0
151 0
154 2
155 0
155 4
156.6
159 9
160 7
163 0
165.6
167.5
168.7
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments
thous. $
597,645
543,382
Sheet (window) glass, shipments
do
Plate and other flat glass, shipments. _ _ _ _ _ d O - . _
152, 242
445, 403
132, 541
410, 841
r
24 369
88,250
Glass containers:
Production
85,730
' 105,183
131, 143
15 522
T
70 208
112 619
15 026
T
90,157
20, 172
110, 971
26, 982
280,397
25,670
21, 641
17,080
22,645
21,369
22, 822
22,984
22,937
24,221
25,300
25, 279 ' 25,220
do
274 295
273,709
21 141
19 367
19 148
24 160
17 853
21 268
22 603
23 764
25 350
29 424
23, 802
do
do
do
do
23, 634
71,000
61 659
22, 729
24,491
65 631
66 605
22, 568
1 662
4 59?
5 °41
1, 958
1 574
4 665
4 558
1,773
1 4°5
5 051
4 881
1,792
2 010
5 299
5 661
2,194
1 717
3 557
5 119
1,528
1 848
5 196
5 794
1,805
1 983
5 127
6 606
2,020
2 185
5 894
6 654
1,927
2 1°8
6 336
7 489
1,994
2 248
7 710
7 894
1,877
2 978
5,280
7 260
1,801
r
r
r
Wide-mouth containers:
Food (incl. packer's tumblers, Jelly plasses,
and fruit Jars)
thous. gross..
Dairy products
do
59, 129
197
59, 709
148
5,050
13
4,561
13
4,080
12
6,060
14
3,791
9
4,452
9
4, 345
7
4,713
7
5, 004
10
6,722
8
4,270
6
r 4, 829
9
5,581
11
Narrow -neck and Wide-mouth containers:
Medicinal and toilet
do
Household and Industrial
do
31 526
4 421
30 231
4,326
2 949
1 903
1 661
2 479
1 872
1 867
2 997
288
2 070
314
? 060
399
2 514
451
1 897
310
r
9
thous. gross.. 279,027
Shipments, domestic, total
Narrow -neck containers:
Food
Beverage
Beer
Liquor and wine
Stocks, end of period
do
376
37 500 r 37 980
35 925
246
320
39 892
37 500
443
35 551
260
38 716
297
40 718
40 817
39, 655
38 139
33 553
34 599
r
r
23,439
2 9?9
4, 723
6 51?
1, 906
3 170
'361
35,910
23, 836
0
009
4,763
6 365
2,330
407
380
38 673
GYPSUM AND PRODUCTS (QTRLY)
Production:
Crude gypsum
Calcined .
6 13 558
8 12 592
« 11, 999
«10 993
2,691
2 320
2,190
2 006
9
6
2 320
2 151
6 2, 791
62,444
do
7,661
7,424
1,695
1,189
8
1, 249
e 1, 537
do
5 525
5 262
945
723
1 245
do
349
322
77
66
74
293
484
215
416
45
94
42
89
2 739
2 333
44
90
2 608
42
69
49
1,980
434
33
thous. sh. tons
do
Imports, crude gypsum
Bales of pypsum produc ts:
Uncalcined
CalcinedIndustrial plasters
. . .
Building plasters:
Regular basecoat
All other (Incl. Kee ne's cement)
Board products total
Lath
Veneer base
Gypsum sheathing
Regular gypsum board
Type X gypsum board
Predecorai ed v/ailboard
do
do
mil sq ft
do
do
do
do
do
do
15 151
12 852
369
399
341
260
359
237
11 130
2 700
9 408
2 421
212
40
59
37
46
75
39
2 023
1,737
525
30
168
433
26
TEXTILE PRODUCTS
FABRIC (GRAY)
Knit fabric production off knitting machines (own
use, for sale, on commission), qtrly*
mil Ib
Knitting machines active last working day* thous
Woven fabric (gray goods), weaving mills: t
Production total 9
mil linear yd
Cotton
do
Manmade
fiber
do
Stocks total end of period 9 cf
do
Cotton
do
Manmade
fiber
do
2 070 8
54 7
1 965 3
' 46 4
11 755
11 054
4 987
5 977
1 °90
560
725
i 707
415 3
47 0
406 8
46 4
j 846
: 406
» 433
1 335
580
751
1 647
'671
964
2 i 044
2 4gQ
a 556
1 21Q
*5I6
698
2 155
*887
713
1 071 1 255
753
346
400
1 °5?
543
704
1 99°
76S
1 211
599
973
390
1 °90
560
725
1 797
713
1,071
4,944
8, 291
10, 598
432
343
M69
13 4*^1 jo ^44 11 486
10 CIQC;
11,476 13U.51 12.535 11,476
12. 586
Domestic cotton, total _ _ . . . .
.do
8, 204
4,^-2
2, 037
2,037
2,788
On farms and In transit
do..
•5 e% 8,413
8,761
8,413
4,2^
Public storage and compresses
do...
9*8
^7
1,026
1,026
1,037
Consuming establishments
.
do
!
J
" Revised.
Annual total; revisions n< t allocated to the rv>nths i 4 fjuvt^s
r
Data
cover 5 weeks; other months, 4 weeks.
• Crop for The v«\ar V "1,
Crop f'.r th»» % - Q T
1974.
« Dee, 1 estimate of the 1975 crop.
8 Excludes byproduct pyi sum,
\ ^ ^ of
480 Ibs.
'
"New series. Source* BuCen^ii^. D - t f a rover warp u:«t v,\ ft \. if ':- • l ^ i ' l - ' i I ^ i ' t
10 690
10,680
1,180
8,418
I y 082
657
312
339
1 292
572
715
1 578
621
944
639
286
346
1 261
548
707
1 700
'718
969
2 833
2
375
2449
1 219
519
695
1 8^9
805
1,072
749
345
397
1 191
*510
676
1 961
806
1, 139
770
348
415
1 186
502
678
2 135
'881
1, 240
395
<11,328
< 11, 537
400
»525
455
477
11, 195
'575
6 421
6 214
718
285
428
3 *>02
" do
1 559
fiber
do
1 905
COTTON
Cotton (excluding linters):
Production:
«12,611
GlnninpsA
thous r u n n i n g bales
s 12 Q74
Crop estimate
thous net weight bales (D
Consumption
thous. running ba^es
7,279
Stocks in the United States, total, end of period 9
Cotton
Manmade
* 11,328
11 537
6,617
4
T'cn^ M> r«-»viSiOrs (1970-72) r., ^ntr i/i'"\V- \ A ' . j-a • i"s \'\< i i 1 : ,•.. •'•* "^ -- (. . U
".j J
505 2
48.5
2 795
2
354
2
434
1 175
*495
675
r gl 4
364
44°
r I IQg
807
349
450
1 155
498
665
506
644
9 9gl
r 9 3<)8
935
1,327
r 1, 390
9 576
1, 126
1,421
30
169
373
' 2, 766
3527
505
531
2682
r
984
5,802
r 8, 476
6 575
5 481 13 662 r 12 702 11 782
7 393
Q 100
9 839
8 210
r
5,464 13, 646 12,684 11, 766
7,315
6, 566
8! 202
9,831
9, 092
6,721
8, 728
9,131
560
275
529
762
659
fiSl
4, 043
3.430 ' 2, 919
4, 865
5, 559
4,063
7.212
7, 917
6,344
1,085 ' 1, 037 1, 002
1,196
1,172
1,126
1, 152
1, 199
1, 199
9 Includes data not
Orders, ' M22A—Supplement 3 (Aug. 1973), Bureau of the Census.
ihowu «separately.
r.ks (owned by weaving mills and billed and held for others) exclude bedsheeting,
towel:n- t•i.1 nr -i ''"Ap.kt-tiMj; M M , ! hiHM Hid held stocks - i f it'ii'iis.
\:
"ICnt! . c i - . i ^ r . • M I •, • ' B P I V U M - i " - - u I - M I ; p -iv- ri-vool) f.nKu-1 'a» r--r r>r > *irtion
and H i
SURVEY OF CURRENT BUSINESS
December 1975
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
1973
1974
1974
Oct.
Annual
S-39
Nov.
1975
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
Ju ly
Aug.
Sept.
Oct.
Nov.
TEXTILE PRODUCTS— Continued
COTTON -Continued
Cotton (excluding linters)— Continued
Exports
thous. running bales. _
Imports
. -.thous. net-weight Q) bales
Price (farm), American upland
cents per lb_._
Price, Strict Low Middling, Grade 41, staple 34
(IMO, average 10 markets*
cents per lb_.
5, 495
33
144.4
5,170
46
s 42. 8
120
1
51.4
272
i
50.4
350
3
43.8
409
7
37.0
380
1
32.6
346
1
33.9
371
4
32.2
364
5
36.3
392
4
36.9
356
(7)
40.5
325
1
42.9
258
19
44.7
226
1
49.8
49. 7
1
67.1
i 41.7
44.6
40.0
36.9
36.1
36.4
37.8
40.4
41.7
42.8
45.6
48.4
50.7
50.4
50. 9
18.0
9.8
116.2
.447
63.1
17.3
8.8
106.2
.408
55.5
17.6
9.0
2 9. 5
.378
24.8
17.5
9.0
6.8
.341
3.5
17.3
8.8
5.4
.272
2.8
17.1
8,6
27.3
.293
2
3.7
17.0
8.6
5.8
.291
3.0
16.7
8.6
5.7
.287
16.8
8.6
«7.9
.311
24.0
16.8
8.5
6.9
.346
3.5
16.8
8.5
16.8
8.4
28.2
.328
24.1
17.0
8.4
7.8
.392
3.9
16.9
8.3
8.1
.405
4.0
25.2
COTTON MANUFACTURES
Spindle activity (cotton system spindles) :
Active spindles, last working day, total
Consuming 100 percent cotton
Spindle hours operated, all fibers, total
mil..
do
bil__
Consuming 100 percent cotton
do
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly.) _
...mil. lin. y d _ _
Orders, unfilled, end of period, as compared with
avg. weekly production
No. weeks' prod_.
Inventories, end of period, as compared with
avg. weekly production
No. weeks' prod_.
Ratio of stocks to unfilled orders (at cotton
mills) end of period
Exports, rawcottonequiv.thous.net-weightQbales
Imports raw cotton equiv
do
.360
3.7
8.4
5,086
4,714
320.8
3 13.8
10.0
9.9
11.6
9.3
9.1
11.5
12.2
10.6
11.3
14.8
11.9
13.0
12.4
33.1
33.9
4.4
5.3
6.9
6.1
6.7
6.9
6.4
5.6
5.4
6.5
5.1
4.8
4.7
3 .15
459.4
686.3
3 .30
525.1
568.4
.44
41.4
37.1
.53
39.4
28.7
.59
36.2
26.2
.66
36.9
29.1
.73
36.0
24.6
.60
43.8
25.0
.53
43.8
27.6
.53
45.6
22.9
.48
37.5
29.8
.44
34.3
32.7
.43
38.1
40.6
.37
41.0
43.9
.38
49.8
63.9
8, 329. 4
635.3
696.7
8,085.3
533.4
645.4
1,617.4
101.8
107.2
1,226.9
64.3
52.9
3, 339. 6 3, 443. 0
2, 969. 8 2,780.6
6g9 9
688.0
716.1
524. 5
167 8
»• 562. 7
424.6
r 122 4
r 126 9
886
985
961
MANMADE FIBERS AND MANUFACTURES
F'l ci rn
r; >ai
'( > r
udyoii <i c\ <u.tidie;-u. ~~ W ">
d o—
-
Noncellulosic, except textile glass:
Staple, incl. tow
Textile glass fiber.
- . . - _
..Fiber stocks, producers', end of period;
Filament yarn (rayon and acetate)
do
.do._.
mil. l b _ _
Noncellulosic fiber, except textile glass;
Yarn and monofilaments
do
Staple, incl. tow .
.
do
Textile glass
fiber
do
Prices, manmade fibers, f.o.b. producing plant;
Staple: Polyester, 1.5 denier
$ per l b _ _
Acrylic (spun), knitting 2/20, 3^6D
do
Manmade fiber broadwoven gray goods ratio:
Stocks to unfilled orders, end of period*
1,688.3
r 101.
7
80.2
105 8
•• 774. 5
605. 0
912.9
792.5
1 ^Q n
r
46.3
34.0
57.5
73.9
57.5
73.9
45.4
61.3
34.0
55.3
232.2
186.5
72. 5
392.3
392.3
321.3
98.1
r 331. 7
•• 255. 4
«.6l
1.04
1.30
.61
1.18
1.32
.61
1.25
1.31
.61
1.27
1.29
.61
1.27
1.22
.61
.61
.61
.61
.58
.56
.56
.56
.58
.58
.58
1.22
1 22
1.22
1.24
1.24
1.27
1.27
1.26
1.36
1.40
1.40
3.13
3.20
.27
.30
.35
.41
.42
.43
.38
.37
.33
.30
.30
.28
Manmade fiber and silk broadwoven fabrics:
6 108 7
Production (otrly ) total 9
mil lin yd
1, 895. 0
Filament yarn (100%) fabrics ~9~
do
473.1
Chiefly rayon and/or acetate fabrics
do
365.8
Chiefly nylon fabrics
do
3 526 8
Spun yarn (100%) fab exc blanketing $ do
435. 4
Rayon and/or acetate fabrics, blends
do
2,513.9
Polyester blends with cotton
do
Filament and spun yarn fabrics (combinations
474.8
and mixtures)
mil lin yd
Manmade fiber manufactures:
• 288. 23
Exports, manmade fiber equivalent*
mil. lbs._
Yarn, tops, thread, cloth
do._ « 162.74
•117.35
Manufactured prods., apparel, furnishings-. do. _ 125. 49
Imports, manmade fiber equivalent*
--do_. e 465. 32
109. 70
67.91
Cloth, woven
do
Manufactured prods., apparel, furnishings. .do.. e 355. 62
Apparel, total
do.. 286. 87
205. 34
Knit apparel ...
do
98.1
5,923 3
1,962.7
431.5
346.0
3 308 8
294.5
2,381.2
•• 110. 9
30.66
17.83
12.52
12.82
35.88
6.63
5.08
29.25
25.40
17.96
28.05
17.00
12. 93
11.06
31.03
6.77
5.11
24. 26
20. 34
13.71
109.9
41.4
57.9
39.9
75.0
18.6
26.9
15.2
» 6.9
' 1.4
1.7
.6
2.500
1.594
3.035
1.760
1.194
2. 173
1.565
1.065
1.769
101.1
81.0
1,283.0
410.8
89.6
73.1
615 8
38.7
461.4
59 9
329.8
390. 73
244.11
150. 34
166. 66
371. 25
76. 22
55. 71
295. 03
252. 01
175. 34
r 102. 4
1 125 5
407. 3
1 284 2
445. 1
90.6
79.0
704 6
44.8
527. 7
44.9
267.1
220.2
95.2
740.' 0
38.5
573.2
54.2
49.8
24.50
14.80
11.37
9.70
28.76
5.04
3.90
23.72
20.11
13.77
31.56
18.41
12.50
13. 14
27.85
5.76
4.44
22. 09
18.42
12.28
27.85
14.88
11.89
12.97
30.03
5.30
3.98
24.73
21.17
14.44
25. 73
14.40
11.25
11.33
35.69
5.01
3.84
30.68
27.38
18. 47
24.67
14.01
10.80
10.66
40.32
5.92
4.61
34. 40
30.70
21.35
27.07
16.07
12.00
11.00
37. 93
5.69
4.78
32.24
28.81
19.83
29.20
17.03
12.87
12.17
37. 97
5.74
4.31
32.23
28. 79
19. 70
32.31
18.70
14. 89
13.61
41.04
6.65
5.23
34. 39
31.17
20. 51
5.8
1.4
1.4
.6
6.5
1.2
1.7
1.2
2 8.4
7.7
1.1
2.2
1.3
7.6
1.0
2.9
1.9
28.1
2 1.2
2.1
1.4
2.4
1.5
8.1
1.7
2.4
1.0
8.2
1.3
2.9
1.3
4.9
2. 5
1.125
.775
1.788
1.138
.775
1.835
1.340
.835
1.857
1.506
.875
1.941
1.556
.862
1.835
1.538
. 850
1.813
1. 712
.875
1.788
1.725
.875
1.743
1.725
.875
1.718
23.50
14.58
11.20
8.92
28. 49
6.70
5.38
21.79
18.07
12. 08
22.84
14.34
10.72
8.50
28.77
7.31
5.69
21.46
17.80
11.92
20.83
12.51
9.52
8.32
24.38
4.78
3.93
19.60
17.16
11.79
5. 5
1.1
1.0
.5
4.6
1.1
1.3
26.5
2 1.4
2 2
ill
1.412
.912
1.805
1.308
.842
1.768
1.162
.788
1.732
WOOL AND MANUFACTURES
Wool consumption, mill (clean basis);
Apparel class
mil. lb. _
Carpet class
do
Wool imports, clean vield
do
Duty-free (carpet class)
do
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory, fine
$ per lb
Graded fleece, % blood
do
Australian, 64s, warp and half-warp
do
Wool broadwoven goods, exc. felts:
Production (qtrlv )
mil lin vd
17.1
21.7
17.3
M9. 4
17* 7
1.725
. 875
1 . 805
20.6
019 0
FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other), shipments, quarterly. 1 *;
mil so yds
1,025.4
939.1
s Monthly
Revised.
1 Season average.
2 p or 5 W0 eks; other mo nths, 4 weeks.
average.
< Price not directly comparable with earl ier data.
s Ave -ago price to Apr. i,
es.
1975.
e Annual total calibrated independently.
" Less tha ii 500 bil
*New series. Cotton market price ('U.S. Dept. o Agricult lire) ava able m o n t h l v back
to 1947. Manmade liber gray goods (owned by we wine mil s) ratio from Amer. Tox lie
Manufacturers Institute, based on BuCensus data; •nanmade liber n taiiufactures exports
r
and imports from U.S. Dept. of Agriculture ( K R S ) , based on BuCensus data-available
back to 1960. Exports and imports, originally reported i i varying units are converted into
approximate quantities of manmade fiber consumed in their manufacture (including an
adjustment for waste). Not inc uded are raw ( u n m a n u f a c t u r e d ) (i >ers and imports o ^l;lu;
textured yur s. Carpets shipments (BuCensus) revised quarter ly data back to Ubs anaval able.
9 Includes data net shown separately.
q;Net-\veigrt (4blMb.) bales.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated In footnotes below, data
through 1972 and descriptive notes are as shown
in the 1973 edition of BUSINESS STATISTICS
1973
1974
| 1974
Annual
December 1975
Oct.
Nov.
1975
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
20 154
22 844
20 347
21 806
894 r 1 315
••745
734
6,605 r 8, 171
••926
818
1,891 ' 2, 466
1 212
777
8,958
1,036
2,420
Nov.
TEXTILE PRODUCTS—Continued
APPAREL
Hosiery shipments
thous. doz. pairs
Men's apparel cuttings:
Suitst
..
.
thous. units .
Coats (separate), dress and sportj
do
Trousers (separate), dress and sport J
do
Slacks (Jeans-cut), casual *t
thous. doz..
Shirts, dress, sport, inc. knit outerwear^., do
217,905
20,806
17 699
116, 679 i 16, 754
*21, 327 1 19, 098
1171,115 1 158, 284
112, 576 i 12, 294
134, 369 1 36, 437
1.848
1,661
10,236
1,179
3,169
1,549
1,237
8, 233
1,047
2,790
228, 269
14 029
15 346
18 488
18 258
17 022
21 297
1,260
1,202
935
716
8,715
5,145
849
1,023
;
059 2 363
1,094
1,009
7,370
1,021
2,295
1,031
946
7,137
1,267
2,040
1,096
1,101
7,464
1,117
2,348
1 200
982
7,147
993
2,295
1 199
876
7,229
1,045
2,253
12 680
TRANSPORTATION EQUIPMEiST
AEROSPACE VEHICLES
r
Orders, new (net), qtrly. total
mil $
U.S. Government
do
Prime contract
__
do
Sales (net), receipts, or billings, qtrly. total ..do. ..
U.S. Government— ._
do
27,044
15,804
24,377
24,305
14, 431
32, 704
19,390
30, 239
?6, 849
15, 196
8,799
5 475
8,221
7 098
4 063
6,530
3,882
6,010
6,879
3,814
Backlog of orders, end of period?
do
U.S. Government
do_.
Aircra^t (complete) and parts
__.do ....
Engines (aircraft) and parts
do...
Mlsslles, space vehicle systems, engines, propul
slon units, and parts
mil $
Other related operations (conversions, modifications), products, services
mil. $
29,661
16,695
13,544
2,821
35, 516
20, 889
15, 489
3,902
35 516
20,889
15, 489
3,902
35 167
20,957
14, 893
3,926
5,670
6,643
6 643
6,553
r
6, 041
6,413
2,897
3,591
3,572
' 3, 760
3,967
4,598
64,370
2,311
4,976
65, 573
3,360
348.8
5,518
306.5
512.8
6, 595
329.0
388.8
4,862
404.9
301.5
3,876
109.5
521.9
5,955
412.5
539.2
6,595
460.6
442.2
5,381
215.3
496.6
6,151
319.5
529.6
6,071
352.9
415.4 ' 336. 4
4,689 ' 4, 318
190.7
210.4
280.4
3,382
237.6
316.3
12, 637
11, 866
9,658
9,079
2,980
2,787
10,059 1, 100. 7
9,191 1,008.3
7,331
832.0
6,721
762.6
2,727
268. 7
2,470
245.7
736.8
671.2
548.0
499.6
188.9
171.6
639.6
556.6
447.5
394.0
192.2
162.6
« 537. 5
« 495. 2
- 391. 4
«• 362. 8
«146.2
« 132. 4
« 577. 3
« 501. 1
° 410. 5
-357.3
« 166. 8
« 143. 9
652.4
571.3
492.6
436.8
159.8
134.6
772.3
691.6
586.2
529.9
186.2
161.7
807.2
721.4
612.6
555.2
194.6
166.2
840.9
753.7
632.1
571.3
208.8
182.3
681.7
624.1
504.5
466.5
177.2
157.7
662.7
606.7
484.6
447.9
178.2
158.8
896.6
815.6
667.5
608.4
229.1
207.2
981.8 2 810. 4
885.1
745.6 2 610. 6
673.4
236.1 2 199. 7
211.6
11,439
9,676
1,763
'8,873
7,454
' 1,419
757
628
129
7.8
6.3
1.5
604
506
98
6.8
5.5
1.3
508
430
79
6.7
5.6
1.1
578
463
115
8.0
6.5
1.5
684
536
148
9.1
7.2
1.9
669
524
146
7.8
6.2
1.6
660
518
142
7.5
5.8
1.6
741
603
138
7.8
6.2
1.5
770
619
152
8.5
6.9
794
637
157
9.2
7.5
684
534
150
9.2
7.5
726
591
136
8.9
7.2
889
774
115
9.5
8.1
1,600
1,765
1,672
1,704
1,595
1,610
1,733
1,740
1,672
1,704
1,654
1,541
1,500
1,314
1,568
1,359
1,584
1,373
1,602
1,381
1,466
1,392
1,436
1, 495
1,513
1,540
1,484
1,480
3.1
3.8
3.6
2.8
2.2
2.8
2.6
2.4
2.2
2.4
2.6
2.2
53.60
49.61
14.85
64.69
54.72
18.44
177. 92
74.01
40.54
Aircraft (complete):
Shipments
Alrframe welirht
Exports, commercial—
.
do
thous. Ib
mil. $
3,591
5 655
3,472
'5,002
' 7, 325
' 4, 419
8,361
5,576
7,623
7,456
4,718
33, 497
' 20,280
13, 990
3,744
34, 402
21, 138
14, 184
3,876
MOTOR VEHICLES
Factory sales (from plants In U.S.), total
Domestic
Passenger cars, total
Domestic
_ _ _ _ _
Trucks and buses, total
Domestic
_
thous._
do
do .
d o
do
do
Retail sales, new passenger cars:
Total, not seasonally adjusted
thous
DonicsticsA
do
Imports A
do
Total, seasonally adjusted at annual rates.. .mil.
Domestics A
do...
Imports A—
do
Retail Inventories, new cars (domestics), end of
period: A
Not seasonally adlusted
thous
Seasonally adjusted
.
do
Inventory-sales ratio, new cars (domestics) A
Exports (Bureau of the Census):
Passenger cars (new) assembled
To (Canada
Trucks and buses (new), assembled
Imports (Bureau of the Census):
Passenger cars (new), complete units
From Canada, total
Trucks and buses ^
ratio.
thous
do
do
.do
do
do
1,482
1,290
2.0
2.5
509.19
452.37
151.65
600.90
516. 59
214. 44
59.40
50.57
20.49
55.48
46.04
16.35
48.87
39.72
15.21
37.72
29.11
14.28
41.69
35.52
16.57
60.57
52.11
19.53
56.85
49.11
20.83
58.20
52.23
22.44
56.70
50.72
23.04
40.37
35.46
19.93
36.22
33.35
17.99
2,437.3 2, 572. 6
817.6
871.6
660.1
499.8
172. 49
71.19
55.31
159. 79
85.22
59.34
167. 93
57.70
61.18
160. 31
41.14
43.65
128. 66
40.21
34.13
204.91
92.55
39.41
166. 17
70.80
33.93
178 88
72. 05
37.14
177. 15
64.96
41.04
176. 78
46.02
32.43
168. 89
47.53
33.71
139. 41
56.16
32.95
191, 262
128, 493
114,313
12, 933
17, 216
11, 981
15, 950
11,319
302
1,460
14,006
9.649
305
1,569
6,581
3,984
5,727
3,297
5, 737
2,896
870
805
226
5,871
3,144
487
134
6,412
3,081
422
183
5,542
2,422
607
121
5,233
2,605
136
16
4,977
2,422
301
49
1,443
1,374
2.2
5,212
2,902
265
78
2.5
Truck trailers and chassis, complete (excludes
detachables) , shipments ©
number
Vans
do
Trailer bodies (detachable), sold- separately.. do
Trailer chassis (detachable), sold separately. .do
164.641
108,940
18,626
12, 790
Registrations (new vehicles):©
Passenger cars
Imports, incl. domestically sponsored
Trucks
< 11, 351 1*8,701 * 741. 0 * 609. 5 * 586. 1 3 570. 4 5 590. 0 3635.4 3 581. 3 * 656. 8 * 735. 6 *764.9 * 735. 8 * 738. 9
* 1, 720 1*1,369 * 130. 9 * 101. 4 *94.3 3 100. 7 M15.9 3 149. 0 3 126. 4 * 130. 8 * 137. 4 * 144. 7 * 150. 4 * 143. 6
*3,029 1*2,657 < 196. 2 * 174. 6 * 181. 3 3 163. 0 6 141. 6 3177.6 '176.8 * 197. 2 * 215. 7 * 222. 2 * 214. 9 « 219. 5
thous
do
do
744
655
89
8.8
7.5
1,021
4
4
4
799. 2
120. 8
236. 3
RAILROAD EQUIPMENT
Freight cars (new), for domestic use -all railroads
and private car lines (excludes rebuilt cars and
cars for export) :
Shipments
number
58,252
Equipment manufacturers
do
54,814
New orders
do
1105,765
Equipment manufacturers
dO-_- 1102,136
Unfilled orders, end of period
do ...
67, 199
Equipment manufacturers
do... 65,380
Freight cars (revenue), class 1 railroads (AAR):|
Number owned end of period
thous
Held for repairs % of total owned
Capacity (carrying), total, end of mo.. mil. tons.
Average per car
tons
1,395
6.3
98.19
70.38
6,036
5,750
4,951
4,201
93, 563
81, 196
5,264
4,967
3,079
2,979
90,724
78, 554
6,162
5,749
• 8, 639
9,189
90,216
79,009
5,910
5,736
3,502
3,502
86, 943
75,910
5,699
5,538
2,031
2.031
83,028
72, 156
6,947
6,794
4,021
4,021
78, 191
67,472
5,836
5,332
1,485
1,485
73,389
63,174
5,975
5, 434
1,813
1,813
68, 007
58, 333
6,741
6,275
631
631
60,890
51, 682
1,381
1,375
6.3
6.4
98.32 ' 98. 55
71.49 ' 71. 34
1,374
6.4
98.16
71.45
1,375
6.4
98.32
71.49
1,369
6.7
98.02
71.59
1,367
6.7
97.94
71.66
1,368
7.0
98.21
71.78
1,363
7.2
98.04
71.92
1,366
7.5
98.36
72.02
1,363
7.6
98.32
72.15
66, 858
63, 199
97, 899
85,266
90, 216
79,009
r
Revised.
1 Arinnnl total includes revisions not distributed by months. •5
Estimate
of production, not factory sales.
3 Excludes 2 States.
* Excludes 1 State.
Omits 3
States.
• Reflects cancellation of cars previously ordered.
$ Annual figures ("Apparel
1974" M23A.74): Survey was expanded and classifications changed; not comparable with data
prior to 1973.
"New series. Data cover all types of men's jeans, but exclude dungarees,
overalls, and work pants.
4,782
5,116
4,074
4,545
• 2, 220
2,498
2,520
1,373
58, 239 54, 662
48, 477 45, 908
1,360
7.8
98.58
72.49
1,363
8.0
98.68
72.40
5,521
4,854
815
815
49, 612
41,525
6,657
5,853
7,405
7,005
48, 540
40, 857
1,362
8.2
98.70
72.47
1,357
8.5
98.53
72.59
9 Total includes backlog for nonrelated products and services and basic research.
ADomestics include U.S.-type cars produced in the United States and Canada; imports
cover foreign-type cars and captive imports, and exclude domestics produced in Canada.
lEffective Sept. 1973 SURVEY, data include imports of separate chassis and bodies.
eEflective Feb. 1974 SURVEY, excludes shipments of dollies and converter gear.
OCourtesy of R. L. Polk & Co.; republicaticn prohibited.
f Excludes railroad-owned private refrigerator cars and private line cars.
• For one manufacturer, Jan. and Feb. sales are included in the Feb. data.
INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators.
Commodity prices
Construction and real estate
Domestic trade.
Labor force, employment, and earnings
Finance
Foreign trade of the United States.,..
Transportation and communication
1-7
8, 9
10,11
11-13
. . . 13-17
17-22
22-24
24-25
Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products..
25,26
26
27-30
30
Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
31
31-34
34-36
36,37
Rubber and rubber products
Stone, clay, and glass products
Textile products..,
Transportation equipment
,• • •
37
38
38-40
40
Earnings, weekly and hourly
15,16
Eating and drinking places
12,13
Eggs and poultry
3,8,9,29
Electric power
5,9,26
Electrical machinery and equipment
4,6,
7,9,14,15,20,23,24,34
Employment estimates
14
Expenditures, U.S. Government
13,19
Explosives
26
Exports (see also individual commodities).... 1,3,22-24
Failures, industrial and commercial
7
Farm income, marketings, and prices
2,3,8,9
Farm wages
16
Fats and oils.
9,23,29,30
Federal Government
finance
19
Federal Reserve banks, condition of
17
Federal Reserve member banks
17
Fertilizers
9,25
Fire losses
11
Fish
29
Flooring, hardwood
31
Flour, wheat
28
Food products
1,4,6,8,9,14-16,20,22,23,27-30
Foreclosures, real estate
11
Foreign trade (see also individual commod.)
22-24
Foundry equipment
34
Freight cars (equipment)
40
Fruits and vegetables.
8,9
Fuel oil
35,36
Fuels
4,8,9,23,34-36
Furnaces
34
Furniture
4,9,12-15
INDIVIDUAL SERIES
11,16
Advertising
40
Aerospace vehicles
17
Agricultural loans
24
Air carrier operations
34
Air conditioners (room)
7,40
Aircraft and parts
26
Alcohol, denatured and ethyl
11,27
Alcoholic beverages
33
Aluminum
Apparel
1,4,8,9,11--16,40
35,36
Asphalt
Automobiles, etc
1,4,6,8,9,11,12,20,23,,24,40
Gas, output, prices, sales, revenues
Gasoline
Glass and products.
Glycerin
Gold
Grains and products
Grocery stores
Gross national product
Gross national product, price deflators
Gross private domestic investment
Gypsum and products
3
Balance of international payments
17,18
Banking
27
Barley
34
Battery shipments
28
Beef and veal
Beverages.
9,11,22, 23,27
5-7
Blast furnaces, steel mills
Bonds, outstanding, issued, prices, sales, yields.... 20,21
33
Brass and bronze
38
Brick
4,6,
Building and construction materials... .
7,11 31,38
10,11
Building costs
10
Building permits
7
Business incorporations (new), failures.
5
Business sales and inventories
27
Butter
Hardware stores
12
Heating equipment
*>, 34
Hides and skins
9, 30
Highways and roads .
10, 11
Hogs
.
...........
28
Home electronic equipment
....................
9
Home Loan hanks, outstanding advances
........
11
Home mortgages
.............................
11
Hosiery
.....................................
40
Hotels and motor-hotels
........................
25
Hours, average weekly, aggregate
................
15
Housefurnishings
.......................
1, 4, 8, 11, 12
Household appliances, radios, and television sets.
4,
8,9, 12,34
Housing starts and permits
....................
10
Cattle and calves.
,
28
Cement and concrete products
9,11,38
Cereal and bakery products
9
Chain-store sales, firms with 11 or more stores...
13
Cheese
27
Chemicals
5,6,9,14-16,20,23,25,26
Cigarettes and cigars
30
Clay products
9,38
Coal
5,9,23,34,35
Cocoa.
23,29
Coffee
23,29
Coke..
35
Combustion, atmosphere, heating equipment
34
Communication.
2,20,25
Confectionery, sales
29
Construction:
Contracts
10
Costs
10,11
Employment, unemployment, hours, earnings.. 13-16
Fixed investment, structures
1
Highways and roads.
10,11
Housing starts
10
Materials output indexes
11
New construction put in place
10
Consumer credit.
18
Consumer expenditures
1
Consumer goods output, index
4
Consumer price index
8
Copper
33
Corn
27
Cost of living (see Consumer price index)
8
Cotton, raw and manufactures
8,9,22,38,39
Cottonseed oil
30
Credit, short- and intermediate-term
18
Crops
3,8,27,28,30,38
Crude oil
5,35
Currency in circulation
20
Dairy products
Debits, bank.
Debt, U.S. Government
Deflators, GNP
Department stores
Deposits, bank
Dishwashers.
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields
Drug stores, sales
3,8,9,27
17
19
2
12,13
17,20
34
16
27
2,3,20,21
12,13
5,9,26
1,35
38
26
19
8,9,22,27,28
12,13
1
2
1
9,38
Imports (see also individual commodities)... 1,3,23,24
Income, personal
2,3
Income and employment tax receipts.
19
Industrial production indexes:
By industry
4,5
By market grouping
4
Installment credit
13,18
Instruments and related products
4,6,14,15
Insurance, life
19
Interest and money rates
18
Inventories, manufacturers* and trade
5-7, II, 12
Inventory-sales ratios
,
5
Iron and steel. '.
4,9,11,20, 23,31,32
Labor advertising index, stoppages, turnover
16
Labor force
13
Lamb and mutton
28
Lead.
33
Leather and products
4,9,14-16,30
Life insurance
19
Livestock
3,8,9, 28
Loans, real estate, agricultural, bank, brokers*
(see also Consumer credit)
11,17,18,20
Lubricants
35.36
Lumber and products
4,9,11,12,14,15,20,31
Machine tools
34
Machinery
4,6,7,9,14,15,20,23,24,34
Mail order houses, sales
12
Manmade fibers and manufactures
9,39
Manufacturers* sales (or shipments), inventories,
orders
5-7
Manufacturing employment, unemployment, production workers, hours, man-hours, earnings. . . 14-16
Manufacturing production indexes
4,5
Margarine
29
Meat animals and meats
3,8,9,22,23,28,29
Medical and personal care
8
Metals
4-7,9,14,15,20,22,23,31-33
Milk
27
Mining and minerals
2,4,5,9,14-16,20
Monetary statistics
19,20
Money supply
20
Mortgage applications, loans, rates
11,17,18,19
Motor carriers
24
Motor vehicles
1,4,6,8,9,11,20,23,40
Motors and generators
34
National defense expenditures
l t 19
National income and product
1,2
National parks, visits
25
Newsprint.
23,37
New York Stock Exchange, selected data
21,22
Nonferrous metals.
4, 6, 7,9,20,23, 33
Noninstallment credit
18
Oats
Oils and fats
Orders, new and unfilled, manufactures*
Ordnance
27
. 9,23,29,30
7
14,15
Paint and paint materials
Paper and products and pulp
9,26
4-6,
9,14-16,20,23,36,37
Parity ratio
8
Passenger cars
1,4,6,8,9,11,12,20,23,24,40
Passports issued.
25
Personal consumption expenditures
1
Personal income
2,3
Personal outlays
2
Petroleum and products
4-6,
8,9,14,15,20,23,35,36
Pig iron
31, 32
Plant and equipment expenditures
2
Plastics and resin materials
26
Population
13
Pork
28,29
Poultry and eggs
3,8,9,29
Price deflators, implicit, GNP
2
Prices (see also individual commodities)
8,9
Printing and publishing
4,14-16
Private sector employment, hours, earnings
13-16
Profits, corporate.
2,20
Public utilities
2,5,10,20,21,26
Pulp and pulpwood
36
Purchasing power of the dollar
9
Radio and television
4,11,34
Railroads.
2, 16, 17, 21, 24, 25, 40
Ranges
34
Rayon and acetate
39
Real estate
11,17,19
Receipts, U.S. Government
19
Recreation
8
Refrigerators
34
Registrations (new vehicles)
40
V
Rent (housing)
8
Retail trade
5,7,12-16,18
Rice
28
Rubber and products (incl. plastics)
5,6,
9,14-16,23,37
Saving, personal
2
Savings deposits
17
Securities issued
20
Security markets
20-22
Services
1,8,14-16
Sheep and lambs
28
Shoes and other footwear.
9,12,30
Silver
19
Soybean cake and meal and oil
30
Spindle activity, cotton
39
Steel (raw) and steel manufactures
23,31,32
Steel scrap
31
Stock market customer
financing
20
Stock prices, earnings, sales, etc
21,22
Stone, clay, glass products
4-6,9,14,15,20,38
Sugar
23,29
Sulfur
25
Sulfuric acid
25
Superphosphate
25
Tea imports
29
Telephone and telegraph carriers
25
Television and radio
4,11,34
Textiles and products
4,6,9,14-16,20,23,38-40
Tin
33
Tires and inner tubes
9,12,13,37
Tobacco and manufactures
5,6,8,14,15,30
Tractors
34
Trade (retail and wholesale)
5,11,12,14-16
Transit lines, local
24
Transportation
1,2,8,14-16,20-22,24,25
Transportation equipment
4,6,7,14,15,20,40
TraveL
24,25
Truck trailers
40
Trucks (industrial and other)
34,40
Unemployment and insurance
U.S. Government bonds
U.S. Government
Utilities
13,17
17-21
finance.
19
2,5,8,10,21,22,26
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
12,13
23,29,30
8,9
17
flour
2,3,15, 16
34
•
34
28
• • •• •
8,9
5,7,11,14-16
36
*, 39
33
UNITED STATES
GOVERNMENT PRINTING OFFICE
D.C. 20402
OFFICIAL B U S I N E
Volume 55
Number 12
1975 CONTENTS—SURVEY
DOMESTIC ECONOMY
BUSINESS
DOMESTIC ECONOMY—Con.
No.
The U.S. Economy in 1974
General Overview
Prices, Employment, and Productivity
Personal Income and Consumption
Profits, Sources and Uses of Funds, and Fixed
Investment
Change in Business Inventories
Net Exports and International Capital
Flows
Government Purchases and NIPA Statements.
GNP by Sector
Small Increase in 1975 Capital Spending Projected by Business
Fourth-Quarter 1974 GNP Revisions
Gross Auto Product
National Expenditures for Pollution Abatement
and Control, 1972
Federal Fiscal Programs
Producers9 Durable Equipment in the 1963 and
1967 Input-Output Studies
The Relationship Between Personal Income and
Taxable Income
Interest Rate Developments
Capital Expenditure Programs and Sales Expectations for 1975
Paper Industry Investment Expansion Continues
at a Slower Rate
Manufacturing Capacity Utilization
Drops
Sharply From September to December 1974...
Tax Reduction Act of 1975
Durable Goods.
Revised First-Quarter GNP
Price Developments
Industry Effects of Government Expenditures:
An Input-Output Analysis
Part I.—Industry Effects of Government
Transfer Payments to Persons and Of
Grants-in-Aid, 1963 and 1972
Part II.—Industry Outputs Attributable to
Government Purchases of GNP Finances
by Government, 1963
Revised Estimates of Federal Budget
Revised Corporate Profits and GNP
1975 Plant and Equipment Expenditure Programs
Public and Private Debt, 1965-74
Capital Expenditures by Business for Air, Water,
and Solid Waste Pollution Abatement, 1974
and Planned 1975
Improved Deflation of Producers* Durable
Equipment
Revised Second Quarter GNP
Federal Government Receipts and Expenditures,
Unified Budget Basis, 1913-75
Consumer Price Index, Seasonally Adjusted,
1970-74
Wholesale Price Index, Seasonally
Adjusted,
1970-74
Revised Second-Quarter Profits and GNP
OF CURRENT
No.
Page
1
1
1
1
1
1
7
11
1
1
12
19
1
20
1
1
23
26
1
2
2
35
1
2
2
2
8
12
2
25
2
3
33
4
3
11
3
15
3
4
4
5
5
17
9
11
1
2
5
9
5
10
5
6
6
6
7
15
5
8
13
9
7
15
7
8
20
1
8
38
8
39
8
9
40
4
Interindustry Transactions in New Structures
and Equipment, 1967
1975 Plant and Equipment Expenditure Programs
New Estimates of Capital Consumption Allowances in the Benchmark Revision of GNP
State and Local Government Gross Fixed Capital
Formation, 1958-73
Federal Budget Developments.
Vehicles: Recent Developments and Treatment
in the GNP Accounts
Revised Inventory and Sales Estimates
Capital Expenditures Expected To Rise Through
Second-Quarter 1976
Page
9
9
9
22
10
14
10
11
17
2
11
11
4
26
12
INTERNATIONAL TRANSACTIONS
No.
Pag*
3
19
3
24
4
56
6
19
7
24
7
29
8
22
9
29
9
38
10
30
10
10
12
36
43
13
No.
Property, Plant, and Equipment Expenditures
by Majority-Owned Foreign Affiliates of U.S.
Companies, 1974 and 1975
U.S. Balance of Payments Developments: Fourth
Quarter and Year 1974
Military Transactions in the U.S. Balance of
Payments, 1974
„
U.S. Balance of Payments Developments: First
Quarter 1975
International Travel and Passenger Fares 'u the
U.S. Balance of Payments: 1974
Sources and Uses of Funds for a Sample of
Majority-Owned Foreign Affiliates of U.S.
Companies, 1966-72
Sales by Majority-Owned Foreign Affiliates of
U.S. Companies, 1973
Property, Plant and Equipment Expenditures by
Majority-Owned Foreign Affiliates of U.S.
Companies: Projections for 1975 and 1976
U.S. Balance of Payments Developments Second
Quarter 1975
The International Investment Position of the
United States Developments in 1974
Foreign Direct Investment in the United States
in 1974
U.S. Direct Investment Abroad in 1974
U.S. Balance of Payments: Third Quarter of 1975.
Pag*
1
4
37
18
4
4
4
8
21
22
30
7
10
27
11
12
REGIONAL ECONOMICS
State and Regional Income Fourth Quarter 1973
to Third Quarter 1974
Cyclical Developments in State Personal Income.
State and Regional Disposable Personal Income,
1959-74
State Nonfarm Income: Recent Growth Pattern*
County and Metropolitan Area Personal Income.
State Personal Income, 1973-74.
••••••
Changes in State Personal Income, First to
Second Quarter of 1975
The BEA Economic Areas: Structural Changes
and Growth, 1950-73
@FedFRASER